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<br /> �' ' �`:�. � � 3.�aord xsr Profperiy�sura�ce. Bosro�ve�shafl�Ceep 41ie impmveinenta now esiati�g or Lereafter erecced oa ` � .
<br />-':�,',���� p� ' the Fro�tty iasuied egaiast la*�by fete.I�a�ards laclu�ed w�`thia zhe ur�u�eatena'Ee�ob'veiage'aud m1y�it�s L�ta.3� � ;��
<br /> :. ' iaclu�ing flooda or tlooding.for wlucb'Geader c+equires insureac�This iasuranoe sna116e maiataiaed ia tbe amounts' �;,
<br /> . . , - end for�the p$ridds t�$t Lender requires-The iQSnraACe canier providing tbe imguraace sba11 be chosen by Borrawer �'.`„�:
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<br /> � �� `" , subiect t.�Lender'�approvt►1 which shaU aot�e unreas�aably�eithhe7d.If Borrowar£e�s to maintein cove�rage descr�bed . . ..
<br /> •<� �: above,_F.�uder�nay.at S.eaderts opiion.obtaia eaver�ge to protect Lea�der's righta ia�he Frogertp ia ac�ordance with ____
<br /> - - -- para�p�7. } __'.
<br /> - �. . A l� 'u�auraace poticies asid renewals shall ba acceptable tu I.wder aad aLalt iaatude a sta�dard mostSage clause. �,..
<br /> ` . taea�der sba11 have the rigb►t to hold the policl�aa� renewals. If Legder reqiar�,Eornu�ver sba11 prQraptty give to � '�.. � :
<br /> .. , . Leader all receip�of paid prc�niuias aad renewal notices.In the event of.tas�,Honrorrer eball give�mompi notice to the ,:.-
<br /> . ' •Ia�uancs carrier aad Lender.Lend�r inap make pr�oY of lass ii aot made pramFttY bY Bnrm�ar. '' "
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<br /> _ . tJatess Leu�r and Borrower other�vi�ag�e m pn itist�.is�surance praoeeds eball be applie�to restoratioa or repait . --_
<br /> .� � of tHe Propertq dan�aged.if tha�atoratianor repair is ecoamnicalZy feasible and t.eadei's sec�rin+ia aot te�ned.If th� �, ,•,,•.,
<br /> `;'_�..��� r�tdration os repair is aot eca�ami c a l lF f e a d b ie or L e u d e r's s e�u r i t q w o u l d h e l e s�n e d.t h e i n s u r a a o e p r o c�a d a s h a ri Ue �- Q:_.,_-
<br /> , 8PP1�tu tha euma s�ured bp this Securitq Instrument,whether or not t�ea dus;vrit�anY es�s P�id to Bonower.I$ ' �' -
<br /> ; , `. �ornawer.abandans the Property.ar daes not aaswer withia 30 dayaa aotice�ro�Lender that the i�isurance carrier has : _
<br /> � offer�d to settte a claim.thea Lender may,collect the insureace.proc�ds.�Leader map use the graoeeda to repair m' ,.-.
<br /> .� testare the Frogeriy or to pay sunds,see�ued�SY this Securit9 In�u�ttae�.whetl�er 4r not then due.'Ihe 3Q-day periad w�t . �3
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<br /> �4, begin when the aotice is givven- . . • � ` '
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<br /> Untess Lenderaad 8orrower oth�rwise agree in zvriting.aaY aPPlication oRgroceedsw pr.i�cipai sha,11 aot eatendor
<br />-- . .f .• t�thedue date of the monthtF Paymeuts teferr�ito in pasngrspha 1,aad 2or clsangetheamountof thepayiaeats. _
<br /> ' �der ParagraPh 2I the Ptope*tY is ao�sed by Lender,Borrower's right to any insurance policies and ptaceeds. ,_
<br /> � - � � res�ililtiag trom daataga to the Propert9'Priar to ths acquieiti�a shsli pass to Lender ta the exLeat oF We soms secured by ' ..
<br /> this Secusity lnstrumentimmediately prior to the soquisition. licatian;
<br /> '. :•�, 8.pccupaacy.Psesen+ation,ldiaiatenauve aud Protection of the Propertyt Harrow�'�L�an ApP
<br /> - . � . � ... ; Leaseholds.Borrower shatl a�cu�Y.establisb,and use the Propsrty es Bortower's priacipal resIdence within eistp days �,..:±.
<br /> - � aft�r the esecutian of this Secuntq Iasdvmeat eud shal! coatiaua to occupy the Pmperty es Bormwer e grincigal..
<br /> "::;:t��;,..,��.._: _. residence for at teast rnte year afber the date of occ�pancY�uatet�Lender atherwise ag�es in writing,wLicB coasent shall . E�-,..,.....
<br /> " ` not be unreasonably w�tWield;ar unl�eateuuating circnmsmnces esist wLich are beyo�Eorcawes's eontrol.�orroarer , �, _
<br /> shall not destroy.damaga or impair the Property.allow the Proparty to deLeriorate.ar comaut wasta on tDe Propart9. __
<br />,. s� Barrower sha}1•be in default if aay#arPeiture acttaa or proc�eding,whether civil or eriminai.is be�m+tbat ia l.e�der's _
<br /> : �, :.- . •guod f�sth fivagment cou2d result in forPeiture of the Proge�ty or othetvrise materiallp.impair the lisn crEated bg tbis� . !,
<br /> ' . vided im � ._.:_
<br /> . Sec�uin►Is�situaseat a�Lender s security interest. Borrower rr�y cu�re sush a defau]t and reipatate.as gto ' .l,
<br /> ' . P��Pb 18• bY ��� dle action or proce�ing w ba di�i�d.�i� a �g ��+ � �s �nd faith. .__
<br /> ' �f . � determmat�nn,Precludes forfeiture of t�e Horra�res's interest ia the Fro or other material' rment oY the tien
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<br /> _ • .. created bp this Secaritp Instn�inent or Lender's securit9 interest•.Borrower shsll alsn be ia default iY Born�wer�duriug. �, ;
<br /> ` � the loa�n application prace,ss.8ave matesialip false os inaccurata iafarmation or statemeuss to Lender (or fniled W � _-_
<br /> .� •� pravide Lens3es with anq material informaaion)ia conuectioa with the laan evIBanced by tt�e Note,including�but n4t � _
<br /> °..� _ . limited to.rePr�entations concerniag Borrower's occupaacy of'the Property as a prisicipal res�dence.�f thie Seeurlty � �_
<br /> ' � • • Inawment ia oA a leasehold Borrower sbell cosiaply with all the pcovisions o4 the teflse.If Soreower acqui,es fes 4itie to .
<br /> ' • the Propetty.the teasahold sud the P�titleshall not merg�unless Lender agtees to the merger in writing. . � � : - �
<br /> . 7.Protection of I.ender's gtig�ts ia tbe Pso�ertq.If Borrower fails w perPorm the covenants aad agceemeats ..'_."
<br /> � � contained ia thia Secusity Inshvment,or there is a legal ppoceeding tttat may sigmficandq affect Lender's sights in the � �;
<br /> � . . praperty (such as a praccedin� in bankruptc9. pm6ate, for con8emnatiun or forPeiture or to eAforce fawa or -.
<br /> '. � tegulations),then Leuder may�o and pay for whatever is neceseary to grotect the velue o4 the Progerty and�.ender.'s .:.� '�. ,,-'
<br />- � � rights in the Property.Lende�s actions may iac�ude paYiag aay susae se�ured by a liea which has griori8gr over Ehie � �` --.
<br /> - . � .. Secu�ty Instrument,apgeazing iA court.FaYing re�asonable aMm�neys'fcesaad entering on the Property w make repaira t '��
<br />-= A l t h o u,�h L e r t d e s m a y t a k e a e t i pa uadar this p m r a g r a ph 9,I:endes does not have to do so. _
<br /> - � � � ` � �� Any emounts disbursed by Leitder under thie paragraph 7 shail b�corae ad d itio n a l de bt o f Earruwer sec w e d b y t t ti a .
<br /> .+ ; � Security Instrument.Unless Sorrower aad Lender agree to other terms of payment,.these amounts shall bear inte�st •
<br /> - :. : � from tha date of diabursement at the Note rate aad shall be payable,witb iatesest.ugan notice from Leader to Borrower -
<br /> ': . . secNestiag Payment. .
<br />'s;�•.. :� . � 8.Il4ortgage Iasurance.If Lender required mortgage i�vrance as a conditioA of making the loaa secure�by this
<br /> , . - Securitg Instrument,Borrorrer eba11 pay th�premiums required to m�intaia the mortgage insw�aace ia eYfect.If,�mr eny
<br /> - ' � � reason,the mortgage insurance coverage reqwre8 by Lender tapses or ceasas w be in effect.Borrowes sAall pay tha -.-
<br /> � , premiums required to bbtain coverage substaatially equivalent to the mortgage iASUratiea previously in effect,at a wst .,��`._
<br /> ` substaatially equivalent to tha cast to Bortower of the moRgage insuraace pteviouslp in effect�from sn alternate
<br />",` .� � mortga�e insuser approved by Lendes. If substamtialJp equivalent mdrtgege insurease coverage ia not available.
<br /> . ,:. ,
<br /> � Borrouershall pay to Lender each month a sum equal to one-twelfth of the yearly moitgaga insurenca premiusn being .
<br /> �.� , � � paid by Borrawar when the insuranco caverage lapsed or c�sed to be in effect.Lender will accept,use and retai�these
<br /> _ � � payments as a loss seserve in lieu of mortgage �nsutance. Loss re,serve payments may no longer ba required, .
<br /> Farm 902f! 9/90
<br /> � , . . �6ROV81rottuot vaao a o►s Initlal�:�C/Al
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