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<br /> -"� ,��;f.•�,`: .�5. Ht�zard or Pe�a�terty �asu�to��Borrower shall keep the impmvemeuts aow existing or bereafter ere�ted on the "
<br /> •• ,• t o�_
<br /> ;hF°..�:r,,< `�``� pmp�rty Insuied against Ioss by fue.6a�ards included withia the t�etm°exteQded covecage'and any other hazards. inclading '..
<br /> - ` � tloods or flooding.for afiict►Lender requires insuiance.'i9iis insurauce shall be mainraiued in ttee amounts and for the periods ° :�...
<br /> ... tbat Lender reqair�s.The insarance carcier pmviding the insurance shall be chosen by BoTrower subject w Lender's approval . �°'-�'
<br /> • � • wh�cb s1�aU not 6e unnasonably witi�held. If Boimwer faiLs ta maiataia cuvec�ge descr'sbad above.1.ender s�ay,ai I.ende�s � - -
<br /> ; .��. �
<br /> do obtaia cavera e to rotect Leader's ri m the Pmgerty in a000rdance wit9�para�raph 7. �
<br /> .`�<<�.•" oP n. g P � ..'`�.,.
<br /> < Aq insuratue poliaes and renewals shall be table to L,ender aad shaU inctude a stand�d mortgage dause. Lender
<br /> ' ` -�• �` s1�a1�havs the right to fladd the policies and�vals Let►der ceqoires.Borrower shaiI P�mP�Y&ve to Isatder all receipts of � "-.,
<br /> ` y : . ': « paid premiums and reaewal notices.Ia the event of loss.Borrower shall give proatgi aotiee w We insarsnce carrier ansi Lendet: � „ ,..o :
<br /> ,_�-,`� . . .: �-., .
<br />- �` - Lender may make proof of loss if aot made prompfly hY Boirower.
<br /> :2 . � �� UNess I.ender and Horrower othe�wise agrce in�rriting,insurance graoeeds s�ail be appGed to restoratian or regair of the� '�•,_':„
<br /> _-- = propertg�amaged,if the restoratioa or repais is ecouomically feasihIe and Lender's secarity is nnt lessened.if t1�e restoration or� �.;_�J'
<br /> ��;£",;.t , rzPair is aot ecanumically feasible or Leader's s�urity wbutd be tessene8,the iasarance pioceeds shail be applied Lo thesams =_
<br /> .- ` �, secared 6y this Se�rity Insd�eni. wheWer or not Wen due,with any excess paid to Bomawer.If Borrower abandons the
<br />'. . •;, _ Piuperty,os does nat ansa+er within 30 days a notice fivm Lender that the insurance canier i�as offered w settIe a claim,thea
<br /> .-` . •�,���.=�''•, I.ender a�y coltect the insaranr�e pracxeds: I.ei�der may use the proceeds w repair or restore tAe Property or to p6�sams —
<br /> ' sewred by tbis Sec�rity Instrument,whet6er or not then due.The 3�-day petiod w�l begin when the nntice is given. �. ,
<br /> ` . . a licatioa of prpcuds to princigal stiall not extend or � `':
<br /> . ';� Unless Lender and Borrower otherwise agree in �vriting, aaY PP �". .=
<br /> �.. ,• ,....' .�
<br /> pastpone t he d ne d a te o f t he m o a t h t y p a y m e a t s re f e r r e d t o i n p a i s g r a p h s 1 a n d 2 o r c h a n g e t h e a m o n a t o f t h e p a y m e nts. If � '-
<br /> resalting from ''
<br /> ;.:.�`. ` : under paragr�ph 21 the Property.is acqaired by Lender,Borrawer's right ta any i�urance polIcles and proceeds I y-
<br /> _� Q` , damage to the P mpetty prior w the acquisition s6a11 pass m I.ender w the extent af the sums secured by ttris Securiry In��ta�t . �, _-
<br /> _ � immediately'prior to the acquisition. ' � _
<br /> ,.. 6.Ocatgaqcy,Ptcservation,Mafntenance aad Prote�tfon of the Yroperty,Borrower's Loan Aptallc�a�lion;Leaseholds. _=
<br /> v
<br /> - Harrower shaA occnpy,estabiish,and use tite Property as Borrower's�qucipal tesidence within sixty days tifter We eaecution of
<br />. : Wis Security Instrumeat and shaU continue to accupy the Prapercy as Borrower's principal residence for at least one year after '-�_�_
<br /> _.-..-:--,` �� the date of nccapaney,unless I.tnder o'therarise agrees ia writing,which consem shal!not ise a�asona6Iy cv�thhetd,or utfless �—
<br /> � ��.�_
<br /> - . .r :, extenuating circamstanees exist which are beyond Boaower's comnol. Borrower shall not desuoy,, �ctamage br impair the �._.-�-•
<br /> -. property,allow the Pmperty ta deteriorate,or commic waste on the Property.Borrower shall b�in defa�ilt if any forfeiwre E � °�:
<br /> - actioa ar proceeding,whether civll or aiminal,is begnn that in Lender's gooct faish judgment v��id resute in forfeiptte of the �,__:
<br /> ' ' � �P�Y or otheravise materially impair the lien createti by this Security Instrumeat or Lender's seairlty imeresi.Bormwer may ,�`.':
<br /> -- , • -� � �` �ue such a defanit and reinstate,as provided in parag�fl 18.bY causing the adion or pmceeding W be dismissed with a ruling ' �:__
<br /> � tL'�-�, in Leader's good faith detennination. Precludes fc�rfzitnre of the Borrower's interesc in the Prop�aty�s other material ��- ,
<br /> .�,{�,, •impaimient of the lien created by this Security Inscrument or Le�►'�.r`s security interest. Borrowet sha11 a1s�fi�in defauit if � y
<br /> '� •,-,k�,. Bormwer,darir.a the loan applicdrion pmcess,gave materialty false or inacc.uiata infornmtion or statemeuis to I.ender(or failed
<br /> '�' :�to provide t�nder.with any rnateriai information)in connerdon with the loan evi dea c e d by t he Nute,inc Iu d i n g.6u�n o t l u m t e d � -
<br />- . ... � tca,representations conceming Borrower's ocatpancy v�the Property as a pr�ncipal residence.If this Sewrity�sin�r�ent is an a . •�_:==
<br /> 4Z
<br />- . ' leasehotd, Borrower shall comply with all the provisions of the lease. If Eorrower acquires fee title to�e Froperty, the �:::,�;_.
<br /> . _ � leaseho2d and the fee tide shall not merge unless Lender agrees to the merger in writiag. ;�__?._:�.
<br /> � ��� 7.Protectton of I.eader's Rights in the P�'operty.If Borrower fails to perform the covena.^��ageements contained in �
<br /> � tAis Security Lutrument.or there is$legal proceeding that may significantly affect 1.ender's rig�ts in the Property (such as a � _
<br />- . , proceeding in banlauptcy,probate. for oondemnarion e�t'orfeiture or to enforce laws or regtilations).then L�u'.er may do and '°
<br /> �•. � ' � .� pay for whateveris necessary to protect the vafue of d*�Property and Lender's rights in the Property. Leu�ers adlons may � '
<br /> .i_' j
<br /> - � ' � � ,. inclu de payin�•c�ny sums secur e d b y a l i e n w h i c h h a s p r i o ri ty o v e r t h i s S e c u ri ty I n s t c a m e n i. a p p e a r i n g irt con rt, P�.yin S ��
<br /> � � '`�• reasonabie attcrzeys'fees sud entering on the Pcoperty to make repairs.Although l.ender may take action under this paragraph ;
<br /> - ��� ' 9.Lender daes not have to do so. � �'•��
<br /> , •� �,�p Any �nounu disbursed by Lender under this paragraph 7 shaU become additional debt of Bon'ower socure4 by Wis ,_
<br />- .. ._ , Security Instrument.itntess Borrower and Lender a�ree to other tem�s of payment,these amouats shall bear interest from the � -°
<br /> • ' date of djsbu�sement at the Note rate an d s h a l l be paya b le, wi t h i n t e r e s t, u p o n n o u c e fr o m I.e n d e r t o B o rn u w e r n q n e s d n s
<br /> . . payment.
<br /> - • � 8.Moriguge I a s u r a n�e.�f L en der requir e d mo rtga g e i n s u r a n ce�s a c o n d i d c+n o f m a k i n g t he loan secured b y this Secwity -,. _
<br /> - ,� instrament, Borrower shall pay the premiums required to maintain the mortgage insurana�in effect. lf, for any reason, the
<br /> � • � � mortgage insurance coverage required by Lender lapses or ceases to tie in effect.Iiorrower shall pay the premii:ms required to :
<br /> f ��• :. � ; � obtain coverage substantially equivatent to the mortgage insurance previously in effect.at a cost substanUally equivatent to the
<br /> r_ � .' '�• wst to Borrower of the mortgage insurance previausly in effcct. from an altemate mortgage insurer appmved by Lender. If
<br /> �. . •� � substantialty equivalent mortgage insurance coverage is not avaitable.Borrower shall pay ta l.ender each month a sum equal to : ,..
<br /> '�;,;. " .� �.z one-twelfth of the yearl�r mortgage insutsuice premlum being paid by Bonower tvhen the insurance coverage lapsed or ceased to � : -
<br /> �� be in effect.l.ender wi1{accept.use and retain thesc payments as a toss reserve in lieu of mortgage insutance. Loss reserve i �; �
<br /> - .. . �
<br /> , • ,...•,, Form 3028 8/90 �
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<br /> � � . 'E Pego 3 of 8
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