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<br /> �°` • ` emen� xis��o�r h�rcaftt�r��ff'on We `"` L.
<br /> ' �. �a�a�+d or Peoperiy pnsue'aace. �ortower shall lcex�the improv Qow e g
<br /> u pr,nperty insured against toss by fire.fiazards iacluded arithin the term"extended coverage" and any other ha�.iactuding .
<br /> '�. "., flaads or flQOdiag.for whic8 Ltnder require�insuranoe.This insurano�s�all be maintaiaed in the amaunts and for the periods _;
<br /> .: ' � t h a t[.r.n d e r r e quices.The iasuraace cascier providiag the insurar►ce shali be chosen by Borrower subject to Lender's appmval ���+:
<br />: <:.�� -V-`�"� ' whidt st�t not be�nreasonably withhe�d. If Borrower fails to maintaia coverage dessribed above,l.ender may. at Lertder's
<br /> �. ` option.obtau►covcrage to pmtect iander's rights in the�roperty in accardaace witb parsgraph 7. � `.`,
<br /> � ' ' Ail insurance poliaes and renewats shall be sooeP�sble to Lender aad s6a11 include a staadard mortgage clause. Lender
<br /> `��`-� shatl have[he right to I�uid the(tol�ci�s and renew�s.If l.ender requiies.BoFrower shall promptly give to Lender all receipu of �: -
<br /> ` .:" paid premiwns aad renewal notices.In the event of loss.Borrower shall give prompt notice to the insuraace rarrier aad Leader. ``'� .
<br /> � r'`: . L.ender may make proof of toss if not made promP�Y bY Borrawer. `' •.;:
<br /> Ualess I.eader�id Borrower otherwise agree in writing,insurance'Pmceeds shaU be applied tn restoration or m.�air of the. .F`••._
<br /> `.—.�`-"'-_:� pj,npeRy da�nage�,ef the restoratioa or repair is eoonomically feas➢ble aad L.ender's secittity Ls not iessened.tf the testoration os -_
<br /> �4 •.:•, repair is not eoonomicaUy feasibte or Ltader's sewrity would be tessened.the insutance pra�eds s�a11 be aPPhed t°tiie sums -= °_
<br /> sec�upd by this Secunity tns�ument. whe,ther or not then due.with any excess paid to Borrower. If Borrower abandons the -
<br /> � �P�Y,or does not answer arithia 3U days a notice fmm I.eader that the insurance rdaier 6as offeced to settte a ctaim,thea _
<br /> � `', L.ender may oallect the insivance Proceeds. L.eader may ase the pmceeGs to repair or cestore the Pmperty or to pay sums
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<br /> • s�by tivs Se�urity Instnimea�t,avhether or nnt then due.The 30-day periad wil!begin whea the notice is given. �.�-:
<br /> ` ,.' .. Unless Lr�der and Bor�ower athecwise agnee in writinS,anY aPPliration of proceeds to prinapal shalI nat ext�nd or .
<br /> postpone the dae date of t�e mouthlY PaYmeas!re�e�d to in parag�aphs 1 and 2 or change the amou�af the paymeats. If -
<br /> # - � under paragraph Zl ti�e Proper[y is arquirec��-��'rr,Borrower's rig6t to any insuranoe policies aud pioaceds�esulting&am �
<br /> :�,'���`�<:. `: .. dau�age�a t�e Prugeaty prior to tt��^..i�ea�gass to�to tke e�ent of the sa►as�red by tfus SecviicF r�amenc ;,-
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<br /> ,kt fn$�, ;, ;{ { immedi�iy prior td�e acquisiti�.. . . • � Borrowe�'s Laa�A l�atton,L�nids. '
<br /> ,�,,`°;l,` �r�. 6.Qcet�a�.I�aeservatie�,�aint��3 Proiearonof the�-'�ty; PP
<br /> �`1,;'?r '�``�: . Barrower sLall aocupy,establish,and ase the Property as Borrower's prinagal resideace within sixty days after the execudon of s ,
<br /> !�;,�.;:<.�; . � t h e P r o e a s B a r c o w e r's p r i n c i p a!r e s i d ence for at Ieast oae year after �;' `
<br /> •.w l,.f ., t h i s S�c a u i ry I n s w m e n t a n d s h a ll o o n t i n n e t o o c c u P Y P rt Y �.:�.�-
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<br /> � ��� the d�of occupancy,unless 1-ertder otherwise a�ees in writing,wtuch consent sball not be unreasonably withhe l d,or ess
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<br /> . .... - , ��$ cimimstances exist wtucH are 8eyond Bomawer's controL Bormwer shaU not de�roy. damaSe ar impair the :- _
<br /> ;,�;_'��'��,����, "r pl,aperty,� altaw the property ta deteriorate, or eommit waste on the Propetty. Bocrower shall be in default if any focfeiture
<br /> . ' . � P� g• � ' cauld tesutt in forfeiture of the . � _
<br /> action or ce�dia whether civ�'1 or criminal,is be that in I.eader s�ooA faith judgment �:__
<br /> ' ' �, Property or otherwise rt�aterially ira}sair the lien created by tius Secuiity Instrument or Lender's serurity interest.Boaower may _ �--
<br /> ' . ..�� cure suc6 a defaalt and reinstate.ag pmvided in paragraph 18.by caus�ng the actian or pmceeding to be dismissed with a�uling �
<br /> . � . ? chat.in Leader's goo¢faith determinatiun. p�sectudes forfeiture of the Bormwer's interest in the Property or other materlet �.
<br /> � .� . �' impatrmeat of the lien created by this Security Instrument or Lender's securiry taterest. Borrower shaA atso be in default if �,J
<br /> .E:`�� � Borrower.dur�ng the toan appltcation pmcess,gave materially faLsc or inaccatate information or statements to Lender(or failed �
<br /> �� �� �;'", .� j w pmvide Lender with any material infomiation)in conne<xion with the loau evidenced by the Note.including.but not limited . __.
<br /> • � to,r e p r e seatations oonceming Barrower's a:cupancy of the Propaty as a principal resideuce.If this Securiry Iasmiment is on a
<br /> ��. �� • teasehold, Borrower shall comply arith aU the provisions of the lease. If Borrower acquires fee title to the ProFerry. die • ___
<br />. . � ` leaschold aad the fee titte shall not merge unIess Lender agrees�to the merger ia wrIting. �- _
<br /> .,-- �i 7.Protec�ion uf I.ender's Htg6ts In the Prape�f.y.If Eorrower fails to perform the coveaants and agreements wntained in � �;
<br /> . • ':}. this Security instnunen�or there is a.legal proceeding that may signitit�ntly affect Ixnder's rights in the Property(snch as a �_ _-,_
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<br /> � • �`, pmceeding in ban]wptcy,prol�ats.for oondemnation or farfeiture ot to enforce laws or regutations),then Lender may do an� . —_
<br /> � � ' pajr for whatever is aecessary to protect the value of the Pcoperty and Lender's rights in the Propecty I.ender's z�ions may __
<br /> � . � + inciude PaYing aa�► swns secure� 6y a liea wiuch fns prio�ity over this Setvrity Ins�:ment, appearing in crnut. paying _
<br /> .:: ;.�� reasonable attomeys'fees and entering on the T�amperty to matce repairs.�augh Lender may take ac�on,under this paiagraph =
<br /> � �' 7.Leader does not have to do so. � --
<br /> ;'?•,•�;r.;..:•� ;�•:�.`. �ry amounts disbursed hy II�der under tius Par�.''�pb 7 shall become additiv�..;3�debt of Borrower sec�s►� by this __
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<br /> �� % Secarty Insuvment.Unless Bnn�ower and Lender agree to cther terms of payment. tkwe amount5 shall bear iate�st from the _
<br /> � � �"�� date of dishuisement.at the Note tate and shaii be payable. wlth interest, upon notice fmm I,ende�to�Borrower requesting , i.�:,�
<br /> • ,;., :,:_.
<br />- . . '�payment. • ��T;
<br />` � ; 8.Mortg,age L�svrance.If Lendet req�ired mortgage insruance as a condidon of making the la�r secured by tius Security �:. __
<br /> • ,�{ Instnunent.Borrower shall pay the premiums roquired to maintain the mortgage insurance in effett. if, for any reason, the �.
<br /> . mortgage insuraace cuverage required by Lender lapses or oeases to b e i n e ffect,B orrower s h a ll pay t h e p r e a a i u m s r e q u i r e d t u '�::�'
<br /> . obtain ooverage substandally equivatent to the mortgage insurance previoasty in effect.at a cost subsiaatially�uivalent to t6e
<br /> ,. , cost to Borrower of the mortgage insurance previously in effect. from an altemate mortgage insarer approved by Leader. If �.^,.
<br /> � ...
<br /> ' � substantially equivaleat mortgage insuranse coveiage is not available.Borrower shall pay to Lender each month a sum equal to _,;_
<br /> • ; one-ta+elftb of the yearly mortgage insurance premium being paid by Borrowet when the insvrance coverage lapsed or ceased to ' �:..
<br /> ' � . bc in effect.l.ender will accept.use and retain these payments es a loss reserve in lieu of mortgage inswance. .Loss reserve �:•'
<br /> . � , } Form 3028 9/90
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