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<br /> �r ;�` 5. Barard�or Elmgerty Y�asoaance- Boaowes shall keeP the impmve�nents now exis�ng or heie�after ercxted on the a�` ��•
<br /> ' . 6a7ards induded witham the te�m "exoendefl coverage" attd any other ba�ards, includiug w..
<br /> ''", �� - - Pmpecty insured agaanst to�by fue. te m �
<br /> -���.;,�.:��.�!`�.� �'`�� ttaods ar flnading. for whiati I.ender requir�insutance. Tdis ms�uance shali be maintained in the amounts aad far the pecinds ; � `/ :
<br /> that LEnder ceqai�s. The�oe caaia pmvidmg d►e ins�uance shaIl be c�►osen by Boaower sabject to Ixndea's approval �`:`�.
<br /> �
<br /> �`i�. �� ' . ` � v L.eadar nta al l.ettder s � `' �
<br /> �',` - ` which shari not be onneasonably wi�eld. If Boaower fa�s to maintam oov e descr�ed abo e. Y• •` t.
<br />__•�;-� � ...� ;K.
<br /> s�_ �Y „ � c:`.:.��. Oj1ilOD.Otl�11D COYPd'dgC�O�D1CCl I.C[I�L'i'S fl$ftiS IO 1�tC ptOpP.[l}�lA 3CWI�t10E q/ti11 p'di8gf8p�i T. •.r: .:.•.�e;.`..:-
<br /> `::t y. ' tabte w L.euder and s6aU iactude a smndazd moitgage clause. Lender � .-Xt::;
<br /> `` AlI iasuraaoe Polici�s and reaewals sfiall be accep
<br /> t� Baaower shall pmmpUy give w Lend�all recei�ts of � .
<br /> -' '��":�� ' ``° shaIl dave the right to hoW the policies and�erieNats. If I.ead�requ�rs. << f
<br /> r- -_ - paid psemn�ms and renewal noriocg. In the eveat of toss.Boaower shall give prompt aotire to rt�insurance cauird and leuder. � � r.,
<br /> y t ' �r �,.g�' ���y make ptoof of toss if not made pmmptly by Boaower. of the � 4 ,.- -
<br /> - �;°< �`•• -,:�.� Ualess Lender and Sorrowet othenvise agc�m writ��8• msutance Proceedc�s6all be applied to resW3asion or�epair or _ ' ` -'
<br /> s;� �k�• �'-�- t "_' `••.,�.`' ProPe�cY d a m a g�d.if the resa�auoa or�air�is economically feas�te and Lender s seauity is not� If�resw�ation � -- ,;> _
<br /> ;� > . wonld be�ened.the insu�ance pmoerds aPD ` �-��^ `�
<br /> ;- :�#-. : :. ` � :.t r�is nm economicallY fras�le ar I.end�s se�uity �._ _ ._•,�:�,-
<br /> �., �h . ���� �y �me�t, whetha ar not d�due.witb anY a�ces�Paid to Baauwea. Jf Bmmwea a6andons the , �
<br /> ha4 offeced w seule a claim, then ``` `
<br /> �.. Propeny, or does not answer within 30 days a nouce from Lendea d�at the inisocance caarier ���Y �� 4 ;= ��'
<br /> _��. '; _ l.enaer may exiuea the�►ce pmceeas. rruaer may use the pme�s m c�a� or reswre me Propernr �, � .
<br /> '�--r--=:-�"— ; sea:red b this 5eattiay Iusmimeut,wA��or uat ikcn ctne.'l2se 3Q-day Fe�riod an116eg�whea the uotice is given. �, n
<br /> '"��_' . ' -}` Outcss Lend� �d BoYmw� otheawi�e a�ee m wrim►g, any a�plicauon of� Lo p�incipal shal!not exteud or �J
<br /> ��ti�- eut�tefer�ed w in patagraphs 1 and Z or cl�ange the amount of the payments. If � •.
<br /> �,s . _ ,. p o s t p o n e t h e d u e d a t e o f t h e mo n i h[�►P a Y m es an d p m c e e d s re s u l u n g f ro m
<br /> ����3 ° . � °.. <<• h 21 the Pro is by Lendear, Borrowe�r's right w any insutance policf �� �s •
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<br /> � %'��� �' `` �' damage�P�Y�e�n�P�to Lender m the exteat of ihe sums secured by this Securiiy lnsnument f s...' ��•.t: _ .
<br /> _ . �
<br /> �:�-` t� .- � `'•', �' immediatetYPtiormiheacquisi�on. tfcatlon.l.easeholds. -
<br /> ���:� �' ,` .,• t 6,Occopane9.Ptc��on+�t�aneeand Flrotectfon of the Property�Barrower's Loan App
<br /> x��.--; `�-.: ..`:•�� residruce witl�in sixty daYs afcea the acecuuon of ' ` .:,� -.
<br /> .-='�-'.'�-'.�:�'' Bmsow�shall accupy.estabtish.and use ihe ProPertY a4 Bmmwer's priACipa1 ':r:: ::-�__�;-.
<br /> �:,S.• ' � ' ' thi4 Se�uity Instrument and shail conmiae to oa;uPY��P�Y �Boirowa's p�incipal�dence for at teast one year afcer .
<br /> � '�a .
<br /> ':-.��'_�..• .�`-• .� •-- ���;�, the date of occ�rancY,unlcss Lender od�eawise agrees in wripng, which congent shall not be wueasonably withheld, or ant�s .. � i;.-.
<br /> s.'�. . � , `., ces �xist w h i c h a r e b e y ond Botrower's coatroL Batrower shall not desoroY. dama8e or impa'v •' �
<br /> ��� :. ,F:' extennating ci�amstan Borrower shall 6e in default if any forfeiwra
<br /> �-�-:-.� -- ProPe�tS+. aIIow the Pcopeny tn deteaimate. or commic waste an the PropenY. �t ,� =
<br /> � �� , -- . ,:� a�inn or proceed'u►S. whGh�Ctvtt or cnuuoai. a t�un tll►att w�w,�+�'�y�f�t�"s�!enL Ceutd re.call in forfeitsue ot the _ t
<br /> L� .. , y` the lien created by tttis SecaQity Instrameai or Leatdd'8 seeauitY intecest. Barn�wer tnay �s r '_
<br /> Yrnpercy or odi�wise mateiaAY imP�
<br /> : r.'-. vided'w parag�aph 18,by caus�ng the ac�i°n or pmceedinS W be dismissed with a ruhng
<br /> �:�<: ',. - c a r e s u c h a d e f a u t t and reiastate.as Ps'u or o t h e r m a t e r i a l Lry.�
<br /> :.�.:�:-� . .`�. that, in Lend�'s gaad faitd deteim�n+ �� forfeivae of the Boaower's intemst in t h e P m p e m► �.,,.:,
<br /> ��:� � , impairment of the liea created by this Seauity insmiment or Lendea's secarily inteaes4 Borrawer shai!atso be in defanli if �a -
<br /> infam�aaon ar statemeats tn l.ende�(or failed ',.°
<br /> .� �,. �;` Bamrow�,during the loan applic�tion pmcess,Bave materiallY false or imcc�uate '. ",:�-'%.:
<br /> .�"•'r.� : .:� w provide Lender aith any mauaial infom�atioa)in connecdon wiih the loan evidenced by the Note.including,but nailimited �;..
<br /> -'�;`",,. . ' . . - eo.representa�ons conceming Borrower's aca�cY of the PcopeatY as a Prnta�al restdence. If tb�s Se�uttY I�m� �_.��.�..;
<br /> .` with aD the pmvisions of the lease. If Borrowea acquires fee title t� Ihe PropatY. the
<br /> ..� ,�.;. : �. leasehold. Borroaer shall complY
<br /> ..� , leasehold and the fee title sdall not merge antess Lender agrees m the mergea in cvriow8• r .
<br /> .;���;. .:. � ?.PratecNoa of Lender's Rig6ts in the Property.If Bmrower fa�s to perform the covenant�and agreemeats contained in ,
<br /> � ` that may sigaific�ndY affect Lenda's rights in the Propecty (sucb as a
<br /> thiv Security Insuumen� or thae is a 2ega1 pioceedi�8 ns then I.endear may do and •
<br /> `l 6',.' • � proceedin8 in banlauP�Y,P��• far condemnauon or forfeiwre or to euforce Iaws or regntatio )• Leudea's actions may • • -
<br /> j 'a ��• •. • pay for whatever is necessasY to Pmtec� it►e value of We Prop�ty and I.ender's rights in ihe Property. • ;�,,��
<br /> ����`,��,.. . �. an sums setured by a Gen which has priority over this Security Instrumeat, aPP�B in wun. p�Yu►b ,
<br /> � °�, include PaY�B Y �
<br /> � _��r^.,�._ . ' � , reasonable attomeys' fees and entering on the PropatY to make repairs.�Aithough Lender may talce acdon unda this paraBraPh ."s�
<br /> :��: '�' . .` 7.Le�der does not�ave m do so. h 7 shatl become additional debt of Borrower secured by.this
<br /> .:,.s.�'., ;� . .�. : . Aay nmounis disbarsed by l.atdea ander this para8rap .
<br /> ._�� . . � Sccurity inswmwtit Unless Boaower and Lender agree[o other tenns ot paymen� these arteounts shall be�r inteaest from�he .
<br /> _..�.:.-. . date uf disburse��rni at the Note zate and shall be payable. witt�interes� upon notice from Lender to Bortower requesting
<br /> f ..,:,, � .., p�Ymere�
<br /> F�. ; - � 8.Mort�ge IaSVrance.If Lender required mortgage insurance av a candition of making the loan sec�ued by this Security
<br /> .� � . . ,. Insuumen� Borrower shall pay the premiums required ro maintain the mortgage insurance in effect If. for any rr�on. the .
<br /> r�,,r`,. . • ses or ceases to be in effect.Horrower shall pay the pzemiums requucd co � .�
<br /> • :;; .,.. � mortgage insutance covearage required by Lender tap uivalent to the
<br /> � ,.�•`� obtain cwverage substanti�ally equivalent w the mortgage in��uance previonsly in effec�at a cost substantiaUy e9
<br /> � roved b i.ender. If
<br /> ' �,_':-=• : • _ .;� cost to Banawer of ihe mortgage insurance previously in effec6 from an altemate mortgage insurer apP Y .
<br /> • �.��=��� • substanpally equivalent mortgage insurance coveaa8e is not available. Borrower shall p�ay to Lender cach month a sum equal tn .
<br /> ,.��"�r� � • ' � . one-twelfth of the yeazly mortgage inswance premium being Pa�d by Borcower wheo the insurance coverage tapsed or ceaced to
<br /> " � � . ' . ' ; be in effect. Lender will ar.cepti use and retain these payments as a loss reserve in lieu of mortgage insurance. L-ass «�"c .
<br /> t• : Form 302q� 9/90 ,,,
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<br /> j: , �•6Fi(NE)�er��o+ ooeao�e ' '
<br /> " � 10253569
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