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<br /> ^ <z ` 1 .S. �or PropertY rnrnrs�a+o�. Bomnwer shaU kceP the improvemeats now existing or he�rafter ere�xed oa the `- � -
<br /> t loss b fue.hazards instuded arithin the teim 'eacteaded coverage`and any other ha�ds. incluAing - t ��' �
<br /> `� Propecty instued 2gatBS y � .� �
<br /> ��. � � ` '`;`, floods or flaoding,for wiuch Lender requires insurance.'Ibis insurance sball be maintained in t}�e amownu a n d for t h e perio d s � r •
<br /> `,.�, :. that L�ender cequires- 'fhe insur�ce carrier providing the insuraace shaU be chosea by Borrower subjea to L�der's approval , f� , �
<br /> �,` L end `
<br />_ `� �r:: � which shall not be unreasonably withheld. If Borrower fa�s to maintain ooverage desrn'bed above. L.emder maY• at Lender's � :� _ ,�` �.
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<br /> } • ` ° f � opiion.ob�ia coverage to protect LEader's rigtus in the Pr+nperty ia acco:dance with parag�a�h 7. �
<br /> . �'t }�]] �noe policies aztd ceaera�als shall be acceptabte to l.ender and shall inciude a sta�tdard mortgage clause. Leader �
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<br />-s=��: ,` t ,-` � ,',�� s�all have the right to hotd the policies and tenewa}s.If I.ender requires,Borrower slaall promptlY 8ive to Lenda all receipts of , ,` , ;.
<br /> � � ..
<br /> gY� � paid pmmiums and tene�val aouces.In the Fvent of toss,Borrowe:shall give pmmpt notice w the insurance carrier and Lender. � � ,. :
<br /> �.�<< C :� Lcnder may make pmof of loss if not made pmmptty by Borrower. ' � �;_G -
<br /> "`�S �f. . LJnlesg Lender and Borrower othen�+ise agree in wtiting,in.surance pmceeds shall be applied to restoration or repair of the ,
<br /> �''''�:�� . property damaged.if the restoration or repair is economically feasib2e aad I.ender's sec�uiry is not tessened.If the nstoration or ° `
<br /> ; ��a �- . . - - repair is not ecot�micalty feas�'ble or Leudec's seauity would be less�ed.the iasuraaoe pioceeds shall be applied to the sums ' , `` , -..
<br /> � .�r:.. � ' seaued bY this SewritY Insuument. wftether or uot ehea due, with�y eaoess paid to Borrower. If Borrower abandons thc :`_ •�:_` __ ,
<br /> �:. Propecty,or dces nat aaswer wi[hm 30 days a noace ftom Ixnder that the insarance carrier has offezed to seule a claim.tben � ;
<br /> � - • � ixnder maY coilect tLe insurance pmceeds. L.eader maY use tke proceeds to repair or reswre the PmpertY or to pay s�ms �
<br /> �� " seCUied by thlS SCCUtiry��,WhCihC[or IIOI�heII due.The 30-day period will begia whea the nuuce is gcven. , 4 -` ti;
<br /> -' `` lication of to rin al shall not extend or . -
<br /> � , �, . Uniess lander and Borrower othecwise agree in writin8, �Y aPP P�� P �P ` :��. -
<br /> E :. ,` teferied to in hs 1 and 2 or change the amaimt of the payments. If <,.i.'��:;;��°�-
<br /> the due date of the mouthly paymenis P�S�P
<br />:�`��;; '.�; --�.°` - : -- u�nd p�aragraph 21 the Propercy is asqniced bY l.�dec•Borrawer's right to any iasurance pnlicies and prooeeds resniting f r am _ ___:;_,•.r�:-
<br /> �; � � d�nage to the Pmperty p�ior to the acq�risition shaU pass to Leader to the ea�teat of the sums secuied by this Security Insuament .� `
<br /> .;���;�. ` .. t. »e�atetY Prior co the aoqwsitioa. � ._
<br /> 6.Occupancy.Pr�'�on+�and Protectton of We Propgrty:Borraw�'s Loan Application:Le�ehn �
<br /> �;...; afte.r the exccution of � `,
<br /> ;x-��- . . ..._ Boriower shaU oaupy.�ablish,and use�he Pcoperty as Eorrower's principal resideate within sixtS+days - -
<br /> ._��. „_:
<br /> ■,�: � � tbis Se�riry Insuumem aad shall cantinue to aa:upy the Property as Borcower's psincipal residence for at least oae year a8er . �
<br /> � ' • � tae date of oca�pancy.tmtess ixnder othetwise agrees in writing,aluch conseat shall not be�mteas�onably withhetd.or unless ._'�,x
<br /> .�� • � �' �g � exist arhich aze beyond Bomnwer's control. Boirower shaU not de.soouY. d�Se ar impair the "..�-
<br /> ��:,` - a.� . ProPerty, allow the P[apeny to deteciorate. or oommit wasce oa the Praperty. Bomuwer shall be ia default if aay forfeittue r V�-.
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<br /> � actioa or proceoding.whether civil or criminal.is beSun tLat in Ixader's gaad faitb judgmeat conid�sutt in iarfeiture of tne . "• t::;
<br /> ,: . ',` ' .``� pro or otherwise materiaUy imgair the lien cc�ated by this Secarity Instt�ment or Leader's secariry inteieat.Bomowet may T Y�r °
<br /> .��,': , . . .��= p�y - ..F :'�
<br /> ', . catte sarh a default and reiagtate,as pmvided in pacag�raph 18.hl+�inS the action ar pmceed'uig to be dismissed with a mling i .; .:j?a.^__
<br /> ����` ' � tt�at, in L�der's good faith determinauon, Pteciud�+forfeiture of the Bomower's interest in the Pmpercy or other masetiai� .._ �
<br /> '�4 impaimaent of the lien created hY this Se�rity+Insuument or I.ender's aecutiry mtemst. Bo:rower sbaU also be in detaait if ;' '-
<br /> ��l� . .. ve false or inaoa�rate infarmation or statemeats to l.eader(or fai2ed r ;,.�t._
<br /> ,�.�.;. � Bormwer,dnring the loan application praass.Sa 'flacerialZY
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<br /> -:f',;;�.`, ,� . co prnvide I.euder arith avy material informatian)in connection arith the loan evidenced by the Note.including,but not limited ` �
<br /> - '- � ' � to.rePresentatioas wnceruing Eornnwer's o�cy of the Progetty aS a princigal re�ideaoe.If this Serurity Iastiument is on a '��� .:;:'';;:
<br /> .r.;�;T• � � • - teaseso2d, Borrower shaU compIy wittt aU the provisions of the lease. If Bormwer acquires fee tiQe tn �he Praperty. the :::.:s. ._ ~.;�
<br /> �` ' . � teasehotd and the fee ritte shaU not merg+e�less Lender agrees to the merger in writing. -. -
<br />,' �;•�.'.; .
<br /> • 7.Arotectton oi I.end�'s Rigpts tn the Auperty.If Botmwer fails to perform the o�venants aad agzecments cantaiaed in
<br /> •������� ., . ' ,; � tbis Seruriry Iasuument,or there is a legal pmceeding that may sigaiftcantly affea Leader's riglus in the Pmpert�(sus6 as a
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<br />..�-f��r; .. � ' pmceeding in banktuPuy.pmbate, for condemnaiion or forfeiuue or to enforce taws or regulatioas).then lxuder maY do and .
<br />°: i:";�;� . pa3r for whatever is ne�essary to pmtect the vatue of the Propercy and I�nder's rights in ehe Property. Lender's astioas may '.
<br /> �::,�� � . inrdude P�S �Y sv�s sec�ued bS' a lien which has priority over this Security lnstmmen� aFP�T�S in court. PaYing ��
<br /> �i��� . ,� reasonable aztomeys'fees and entering on the Froperty to make repairs.AlthougA Lender way[ake aaian uader this paragapL '.''<'
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<br />--`�``. . • . . 7.icader does aoe 6ave w do so.
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<br /> Z=:, pny amounts disbwsed by Lender under t6is paragrapb 7 shaU become addiaenal de6t of Honower secured by tdis _
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<br /> 4r.�:,. 5avriry Insuument.Uatess Borrawer and l.ender agree to other termc of payment. [Lese amounts s�aU 6ear i�erest fivm the , .
<br /> _.�� � .. date of disbUrsement at the Note rate and shall be payable. with intenst. upon aotice from Lettder to Boirower requesan8 ��,.. . .
<br /> .;.': . . . • �aY�n�. '..'
<br /> �::'- , . g_Murtgage la�snce.if Lender iequired mongage insuiance as a condiaon of making�he loan sec�ued by�his Security ,
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<br /> '��.s,:_ , ,
<br /> t,_. :� � � tnstr�ment, Borrower shall pay the premiums required to maintain[he mortgage insurance in effect. If. for any reason. the _
<br /> ,�:;.:..'.
<br /> , . !.� mongage insuraace coYerage required by Leader lapses or ceases to be in effect.Borrower shall pay the premioms requised to ,,,, ..' ..
<br /> ��.." • � . • _ ] obtain vovesage substaatiaily equivaleat to the mortgage insurance previously in effect,at a cost subs�ntially equiva2ent te ihe �'.
<br /> ���,r�� ' _ -�,� cosi to Borrower of the mortgage iruurance previously in effect, hom an alteraace mortgage insurer approYed bry Lxnder. li .
<br /> ��`',',:` � • - � substantially equivalent mortgage insurance coverage is not�vailable, Borrowes shall pay to l.ender each taonth a sum eQuai to
<br /> one-twelhh of the yearty mortgage insuzam:e ptemium treing paid Dy Borrower when the ins+�rance coverage lapsed oc ceased to �
<br /> .:�;'-�;: • . � be in effect. Lxnder will accept.use and re�air►these payments as a loss reserve in tieu of mortgage 'snsurance. Loss reserve .
<br /> 1 iaam 3028 9�90 '
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