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<br /> . ... _ , � RE-R�'t�R� g�� ��.��� . �.���r r: r�
<br /> `, � " • 5:Haaard or Property Iasur�nce.Borrower shatl keep:the improvemeats now'esistinp erecte8 on
<br /> .� . : � <.�.`� th��'roperty insured agaiast loss by fire.ha2arda included witbia the term"eatended coverage and any other hazards, 2�� -
<br /> :,��_�k • �iacluding floods or floodiag,for which Lender re9nires insurence.This insurance shall be maiatained ia the amounts ' ,a `"
<br /> � and for the periods that Lender requires•The insarance carrier pro�ding the ins►rtaace shall be chosen by Borcower ° _ :
<br /> � . subject w Lende�s approval wluch shall nat be unreasonablp withheld.If Borrower fa�s to maiatain coverage dcscribed r ,E�
<br /> '�� a b o v e,I.e n der ma y,at Lender's optioa,obtain coverage to protxt Lender's rights in ihe Property in ac.c»wrdance With
<br /> _�.�;_`� _ ' •
<br /> , . ; paragrapb 7. e clause. � �,'
<br /> � A11 in.�rance policies aad renewa�s shall be accegtable to Lender and shall include a staadard mortgag r ,.
<br /> Lender sball have the right to hold the polieies aad renewals. If Lender requires, Borrowet shaU promptlY$i�to
<br /> Leader all receipts of paid preaniums an d renew a l ao t i ce s.3 n.t h e e v e n t o f l o�,B o n o w e t s h a ll g ive prom pt notice to the _ __
<br /> , . ` : insurdnce carrier and I.ender.Lender may make proof af ioss'�1f not made prompfly bp Bonower. ., �- � _--
<br /> ,.:."� ` Unless Lender ead Borrower otherwise agree ia writing,inaurance proceeds shall be applied to restoration or repair �___.
<br /> ,;1 ., �; if the restoration or repair is ecanamicallp feaslble and Lender's securitY is not lessened.if the -- -
<br /> ;` �'' �;.,. vfthaYta��ertydamaged,� ..
<br /> ' : . • � restoratioa ar repair is reot economically feasibYe or Leadei's seeuritY would be lessened.the iasurance praceeds ahaU 6e <
<br /> � applied to the susns secured by this SecuritY Instruraen�whether or not then due.with any eaces�paid to Borrower.If =.:_,�_�_
<br /> . � ', ,"' Borrower abandons the PropertY,ar does aot answer within 30 days a notioe from Lender that the insureace cartier has .�~. ::_ -
<br /> ' offered to settle a claim.thea Lender�tay collect the insurance praceeds. Lender may use the ptoceeda��P��' .�.<.��� . :
<br /> �reswre the Ptoperiy or to pay siims secured by this SecuritY Instrument,whet�er or not then due.The 30'day periad will , -
<br /> . . � � ;: _ begia when the notice ia given. --
<br /> [Tnlesy],eAder snd Hortower otherwise agree in writir�g,any application o4 praceeds ta principal shall not extend or
<br /> � .'", postpone the due date af the monthly payments refeered to in paragraphs 1 and 2 or change the amovat of the payments. _
<br /> - . - - If under paragcaph 21 the Propetty ia acquired by Lender. Horrower s right to any ins�u�ance policies and pro� �
<br /> � - � resu ltiag 4rom d amega to t h e P ro p e r t p p r i o t t o t h e a c q u i s i t i o n s h�l t p a s s t o L e n d e r to tfle esteut of the suma se�.vred bY
<br /> � � this SecuritY Insteument immediately prior to the acquisition. �
<br /> � •��°' 6.Occupaucy.Preservotian.Maiatenance ead Protect�on oi the Praperiy;,8ortower's Loan Application; - _ � a�_
<br /> � . Leaseholde.Bortower ehell occuPY.establish�end use the Propertp es Borrowet's pnacipal resideace�vithia sixty days ___:�_._.
<br /> . . .:.:�<�;. after the esecutian of this SecuritY Insuvment and shaU coatinue w occupy the Property.ss Borro�ver's principal . �=:_o_ .---
<br /> . residence for at least one year after t&e date oi occupancy.uatess Leader otherwise agrees ia wnt�ng,wtuch consent shat! �-:_.,
<br /> � ' not be uareasona�ly witt�held,or unless eateAUating circumatances esist which are beyoad Bottawe�'s controi.Borrower .���,-_._
<br /> . �'• ��., shall aot destroy,damage or impair the Property.allow the PropertY to deteriorate,or comm#t waste oa the Propetty. �::-w-,
<br /> '�', Boaower shall be in default if any fotYeiture sctian Pr Pra��n��whether civil or criminal,ia begun that in Lender's . �_r•__:..--
<br /> ` gaod faitb j u dganeat cauld res�lt ia forfeiture o4 the Property ar ather�vise materiallp impair the liea created by this , ��-
<br /> ���� SeCUfity Inspvsrient o3' Lerider's seCUrity lntecest. Borrowei may wrn such a defauh ast� reins*.ete,��+r�vided in - -
<br /> , � i; paragraph 18. by causiug the action or pmceeding to be dismiased with a ruling that. in I.ender's good faith . _
<br /> ' � determination,precludes forfeiture of the Borrowet's interest in the Property or other material impairment of the lien _
<br /> ... ` . .. .',, -� created bp this SecuritY Tnstrumeat or Lender's securitp interest.$orrower shall also be in default if Borrower,during � �=_ ,�� =__-_
<br /> : Y •' --
<br /> ,_ �� � .�. - the loea applicatian pracess. Save materially felse or inaccurate information or statesneats to Lender (at failed to ��� .^'�
<br /> ' � ���� provide Lender with aay material information)in conaectioa with the loaa evidenced by the Note,including,but nat
<br /> �. , . � limited to,representations concerning Bonowefs occupaacy of the Property as a princi al residence.If this Security '' .��--
<br /> � m 1 with aU the rovisians of the lease.If�otroWer acquires fea title to ��;,�;,�~:~,._�`
<br /> � Iastcument ia oa a leasehold,Bonower shall co p y P °
<br /> � the Property.the leasehold and the fee title shall not merge unless I.ender agrees to the merger in writin& � '';;�: `�-
<br /> '� " . 7.Protection o4 Leader's Rights in the Psaperty.If Borrower faila to perPorm the covenanta and agreements ,,' �_ ,
<br /> ' � • . coatair.ed in tlus Security Instrumen2,ar there is a tegal proceeding that may sigaificantly affect Leader's rights in the • -_ --
<br /> �' . . � . . Property (such as a praceeding in bankrupuy, Probate. for condemnation or forPeitwe or to eaforce laws or .
<br /> • ' • - regufations�.then Lender mvy do and pay for c�hatever ia aecessary to protect the value of the Property and Leader's _
<br /> �� rights in the Yropertq.Lender's actions inay includa paying aaq suma secured by a liea which has priority ovet this •-y- :,_.
<br /> .�. : � �� :: •� Secun t y Instrument,appearing in court,paying reasonable atcorneqs'fee,a and entering on the Property to make repaire. E;,�__
<br /> - Although�I.ender may take action under thia paragraph 7.Lender does not have to do so. �
<br /> . Any amounts diabursed by Leade�'oader this paregaph 7 shall t�ecome additional debt of Horrower secured by this _ ,.��r=
<br /> .._'. •� ' Security Iastrumen�Uates�Bonower and Lender agree to other tesme of paymeat.tt�ese amounts shall bear interest �y.:�.;.- ,;
<br /> ��� • � from the date o4 disbussement at tha Note rate and sha11 be payable,with interest,upon notica from i.ender to Borrower - •••
<br /> .r . . '. ' requesting payment. - . . �. :
<br /> R: , ' • . S. Mortgage Iasurance.If I.ender required raortgage insurance as a condition of saaking the loan secured bq t}us ;,'��•. .•.. ..
<br /> � • Security Instrument,Bonower shall pay tDe premiums required to maintain tAe mortgag�insurance in effect.If,for any
<br /> . ' � � reason.tha mortgage insurance wverage requised by Leader lapses or ceases to be in effect, Borrower ahall pay the
<br /> premiums required to obtain coverage substantially equivalent to tha mortgage insurance previously in effect,at a cost ..
<br /> , . substantially equivalent to tt�e cost to Bonower oi tha mortgage insurance previously in effect, from an alternate , . .
<br /> � - • mortgage insuser approved by Lender. If substantially equivalent mortgaga insurance coverage is aot available, .. ..
<br /> � � � � Borrower shall pay to I.ender escA month a sum eyval to one-twelfth of the yeatly mortgage insurance premium be�ng
<br /> paid by Borrower when the insurance coverage lapsed or ceased to be in effect.Lender will accept,usa and retain these ,
<br /> . � .` payments as a loss resetve in lieu of mortgage �nsurance. 1-oss r�serve paymenta may no lon�er be required. .
<br /> ' � Form 3928 9 90 ' .
<br /> � • �-6HWE►�aao».o� v.s•a a s tntuatu .
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