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<br /> ,F;� �� 5 t =-�i: • ' Insm�ance. Borrow�shall the rovemeuts now or hereafter erecttd on the ;: '�� °.;..'
<br /> � � S. Harard or �enpert9 �P �P �g : -
<br /> �t'� ;f;`:.� � ' ProPenY in5ured a��!^tt loss bY fire,hazardt iacivded withia the term 'extended coverage' and any athet ha7ards. iacluding `" � . °
<br /> .�t �,� ` .
<br /> a �- `:..�<: >� Aoods or iloodtug.for wiuch L,EUdet�quites instuanoe-This tas�uance sbali be mainta�n�in the amounts aud for ths periods �:��,t `' � `.
<br /> � .;�a`,. =� that Lender teqai�s. The insarance castier providing the insesrance shall be chosen hy Borrower subject w Lcnder's appmva! � r. :«;._
<br /> _;,.....•. ."��, s� ; ..M1 ,.
<br /> :. �,...,�; ,.�: .Y..;, wpici�shall not be onm.asonably witbhetd. If Bonower fa�s w maintain coverage des c c�e d a b ove,l x n d e r may. a t L.e n d e r's � � .. ' ,�;
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<br /> , - ...°�` upuon.obtain coveraga[o pmtect I�ender's rights in the Pcaperty in aocordance wich paragtagh?-
<br /> =�4 �`:`. , • '" ��'�� All iamrance poticies and renewals shail be acoepiabte ta Lender aad shall indude a standard mortgage clause. Ixuder �r9 :•. ,.4 �r..^:`
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<br /> -. '� o:: `. s h a ll h ave the ri g ht to hold the polic�es aud renewals.If i�ader tequims.Bor�awer s6aU pmmpdy give to�Lender ull ceceipts of � `��J ��, ;4..
<br /> �}Y � _ � paid p�cmiums and renewal notices.In the event of loss,Bor�ower shall glve prompt natice to the insurance carrcer and Lender. � �_ �`�°�...
<br /> } _
<br /> � 3°s `�y���L.� Leadet may make proof of toss if not made ptomP�Y bY Borrower. � - :� •;_
<br /> Untess I.ender and Borrower ot�wise agree in writing, insurance Pmce�ds s6�1 be aPPUed to mstoration or repair of ths � ;
<br /> 'r�y...,:
<br /> : .,:a�;�. .•..<•.;:; Property damaged,if the restordiion or repair is eoonomicaUy feasi'ble and Leader's seauity is not lesseaed. lf the restoration or � ,: � x , ,�.
<br /> ' '" ` iepa�r is uot econnmicaUY fea�'b2e or Lender's security would be lesseaed.the iasurance pmceeds sbatl be applied w the svms .'`u r ';�.
<br /> �3F�: , fc,��'•.a.G'.,' Serured by i6is Se�urity Insdn�men�. whether or not then dae, with any excess paid to Borrower.If Bomower aba�dons the ..:,:�,
<br /> �, . �_.5���'``';� ; p�openy,or does not answer withia 30 days a nodce from Lender thai the iasnrance carrier has offcred w settle a claim,Wea ' �;: ,,�
<br /> � .' o ' mcnran t• Ceedg. LeIIdeT ose the CCeds �O aiI ot i�StOie the P�+operiy os W pay sum4 -�''�` �b
<br /> _ " [,endcr may oollect the ' � pro �Y P='0 � . `,o-
<br /> _ , �•�,- ��b y this S�u r l ty Instr�unent,whether or not tiiea due.TI�e 30-day period will begin whea the notice is givea. �f r, ,i,,.•,", =•
<br /> � ' Ualess Lender and Borrower otherwise agree in writing, anY aPPlication of praceeds to principal s6a11 not extend or .�.,. a� ,.
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<br /> -� � _ � postpone the dne date of[he mo ents referied w in bs 1 and 2 or change ihe aasount of the paymencs. Tf =.– �` ,: _.
<br /> k -� � " underparagraph 21 thc Propert7+�acqnued bY Lender,Bomower'P s�right to any iosurance poIicies and proceeds resulcing from ;�: �� �__ .
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<br /> --- .' • damage to the Propercy prior to ihe acquisiaon shat�pass co L.ender co the eaceat of[hc sums secured by this SecuritY insuument �'�s �� `
<br /> . ( •..w � -�-
<br /> �• �. J� : immediately prior w the acquisiuon. -- —
<br /> ` PreserQattan.Maintwiaace and Protecdon of We ProperiY;Borruwer's L.aan Applicat�on:l.e�eho�ds. 5" F "_"
<br /> 9 ' =� 6.Qccupanc9, �''�`
<br /> cn an �
<br /> , - "•r' , Borrower shaU oc�upy,establish.and use the Propeny as Borrower's ptincipal resideuce witbin sixty days after the execution of :,�, :x.
<br /> as Borruwer's al resideuce for at teast one year after ° ��-�;
<br /> - this SecaritY Iastrumeut and shall caniinue to occupy the ProPect}+ P�P :�. x s�,_.
<br /> Z �;,: r the date of aaupaucy.imtess Lender othernise agtees in writing,wtuch consent shall not be unreasonabty withhel�,or anless �_
<br /> ' , e�uenuating ciscu�tances e�cist which ate beyond Borrower's oontrol. Borrower shall not desaoy, dama8e or im�air the `�,
<br /> ���..
<br /> propetty.allow the Propemy w de[eriorate,or commit aaste on tke Pa+upercy. Bo�roarer shall be ia defauit if aay forfeitare ,� .��_
<br /> 4��._ ._�: .� .' contd resnit in forfeinue of[he
<br /> �• ��`��•.�, astion or pmcee�ing,whether civil or cxriminal,is begua that in Lendea's gaad faiih judgmem .;�, � ..
<br /> . • ` �`.��• air the liea created b this Security I n s t r usnent or l.e n der's s e c u c i ty i u t e c�s t. B o r r o w e r m a y �
<br /> E� . �t pioperty or otheiwise materiallY�P y -
<br /> h 18.b the action or roceeding to be dismissed arith a mling a ">�_ `
<br /> 3 � u:;,�; saue aucb a default and ceinstate.as pmvitted in P�S�P Y��S P � ��.
<br /> - �- ° -.`s;�-. that,in Lender's gaod fai t h determination, P r e c lu d e s f o r f e i t u r e o f t h e E o r r o w e r's i n t c r e s t i n t h e P r a p e r t y or other materiat `� '"''_.:----_
<br />— . . ,'rt� Iustcumeat or Lendet's seauity inter�st.Borroaet shall also be in defvilt if ' "•
<br /> : impairlueat of the lien crezted lry this 3ecurity �>;,�."��..`=_ -
<br />� . �.
<br /> � ' Borrower.during[he loan applicatioa pmcess,Save materially false or inacattate info�ation or statements to Lcnder(or fa�ed �r. >>�-
<br /> =`:°' " , co pmvide Leuder aritb any mazerial informadon)ia coanertion witb the toas►evidenced by the Note.iacluding.but not limited ,.;�-;:
<br /> � = to. nqtesea�t°ns concemin�Borrower's occupancy of t2se Aoperiy a4 a principal resideuce.If tbis Seauity Ias[mment is on a : ,.� _
<br /> � � .. . teasehold, Bormwer shall comply widt all the pravisions of die lease. If Bomower acqarres fee title to the Property. the ,,i,•`:
<br /> � ' leasehntd aml the fee atle shaU not merge ualess Lender agrecs to the merger in writi�g- •. -_
<br /> �..
<br />- � . . � .�: ;' ?.Protection of Leades's Rig6ts in the Ptopecty.If Bonawer fa�7s co perform the covenants aud agceements camained ia � � ,.,..:.,.�-.
<br /> y-'' ` this Secusity Insuumeat.or thece is a legal pmcee�inS��Y�B��Y affect Lender's righta in the Propesty(such a4 a '.:'.,.�:;�,.,�_
<br /> � praceeding ia bankruptcy.probate.for condemnation or forfeiture or to enforce laws or regnlatioa4).then I�ader may do and . . :., -�
<br /> N� . ' � t tect the value of the Pin� e and Le�ader's righu in the Pcopeny. lxnder's actions may F
<br />�, � - PaS+for whate�+er is necessary o pro P rtY �'�,` :.�'�
<br /> r ' � �� include pay'.ng aay sums secured by a liea which has prioriry over this Secur"sty (nsuoment.aPPearing in �°�. P�►g ' �
<br />—'�'(.:.,. - � �' `;� . '��`
<br /> r�easopab2e auomeys'fees and entering on the Propecry to make repaus.Altkough Leader may take action ander tbis para8cayh ;;:<;, '. .:A
<br /> ' ' .x'�.'.: ?.t�ader does aot have to do so- -_
<br /> ° Any amounts disbursed hy Lender under[hi� paragrapd 7 shall become additional debt of Borrower secured bl► this _ ..t. .:, �-.
<br /> �`.` .'°. ' � . SecuritY L�ument. 11n1ess Borrower and Lender agcee to other tera�s of payment.tIlese amovnts si�all bear intenst from the .=�.>
<br /> -- ..� .. . � r,� ` date oY disbursement at the Note rate and shall be payable, witb interest, upon notice fmm Leader to Borrower regaesting . .
<br />�.,, . '.�.� ,, t �,.
<br /> = , ;'• PaY�Sn.Mortgage ing�ance.If l.ender cequired mongage insv�se as a condition of making the loaa secured by tWs Secunty � r � �
<br /> ;t:�' ' ums required to maintain the mortgage in4tirance in effect. tf. for any rea�oA. the
<br /> • • • • lnsuumea�Bormwer shall pay the preml ,
<br /> -, . mortgage insurance coverage required by lxnder lapses or ceases to be in effep. Borrower shall pay the premiums reqnired to
<br /> � � •, ' , obtain coverage substantially equlva2eat to tAe mongage insnrance pre�iously in effcct,at a cost substantialty equivalent to the
<br />. - � cost to Borrower of the mortgage insurance previousty in eftecc.from an a3temate mortgage insurer approved by Lender. If .
<br /> ,�.:.��` '.: , • -- substantially eqvivalent mortg�ge insurance caverage ls not availabte.Barrower shail pay to Lcnder eacb montb a sum equal to :
<br /> �• one•m+elftb of the ye:uJy mortgage insuraacc premium beiag paid by Bonower whea the insurance coverage Iapsed or cease�to ���
<br />'=�:;':.`� . �, � ise in ef[ect.Lender will accept,use and retain these paymenu as a loss reserve in lieu of mortgage insurance. l.oss reserve �
<br /> - Form 3028 9190 u. ��.
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