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<br /> ' y. �rd or PropPrty iaewraac2• Borrower shall keep the issprovemenu now cacistin� or hereafter erected on the
<br /> � ` ` Propsrty insured a�ainst loss hy fire.huzards iacinded within che tetm "exte�de�l coverage" and aay other har,ards, inzluding
<br /> floeds or floading.for which l.eader requires insuranse•'!'hts ix�sUran�e shall be ma�ata�aed�n�Q�o���d for thz geriads
<br /> . ; � ��er�equires, 7�e insuruna°carrier providiag ttte insurance shall be chosea by Botrower subject to Y.ender's appmvnl
<br /> ' wtuch stiall aot�s unr�asonably withhetd. If Borrower fails to maintain coverage descn'Ded aliove. l,eIIder tnay. at Lendzr's
<br /> . � . optioa,obtaia coverage to protect Lender's aghu in the Pmgerty in a.ccardance with paragraph 7. '-
<br /> pll insurance go7icies and nnewals shall be asceptable co Lender and shall iaclude a staadud mortgage clause. Lender
<br /> � shall have the ri�t tfl hold th�policies and rene�vals.If Lender requires.Borrower shall pmmpdy give to Lender alt receipu af !' �
<br /> 1 paid pnmiums and renswal notices. In the eveat of loss.Borrower shall give prompt notice to the inswance carrier and Lender.
<br /> _ � Leadsr may make praaf of loss if aot made promp:ly by Borrov�er.
<br /> - -._ --' I Unless Leader sud Borrower otherwise a�ree in+�riting, insuiance pmc�s sha11 be applied to restorauon or repair of the
<br /> , . •t Properry damage�.if the cestoiarion or repair is economicaUy feasbls and I.ender's security is aot lesseaed.[f the cescararion or
<br /> � repair is not eoonomicxilly feasible or Leiider's security would be lessened,the insuraacr procceds shall be apPlied co the sums
<br /> secuied by t6is S�urity Instmment. whether or not then due, with any excess paid ta Borrower. [f Bonotver abanduns the �-
<br /> � Pmg�rty, or docs not anstiver withut 30 days a notioz fmm Lsnder that the insurance carrier bas offered to se,ttle a claim.then �
<br /> ' Le�t�er raay collect We insurance proccects. Lender mTy use the praceeds to tepair or iestore the Progerty or to pay suYas
<br /> ` ,...i;'.� secured Ml this S�unt3+Insm�menb whether or uot then due.The 3fl-day period will begin when the notice is given. �.`_
<br /> . llnless Lender and Barrower otheiwise a�ee in wrioing, anY aPPSicanon of pmr.eeds to principal shaU ¢ot extead or �..
<br /> � . �� postpoae the due date of the monslily payments refemed to in paragragLs 1 azcd 2 or change the amount af the pt►ym�nta. If
<br /> � under paragaph 21 the Pcoperry is anquired by Leader,Borrawer's right to any insurance policles aad Pm�s r�lt�ng�+D�
<br /> . der to the exteut of the sums secuied by Wis Security Insuunient �Y'
<br /> damage to the Propeny prior ta�he acquisiaon shall pass to Lea
<br /> '� immediately prior w the asquisitioa.
<br /> � 6.Occupancq,Pre�ervation,Maiateasace aad Proieciion oY the Prn�ittty;l�onowFr'��...an Applisation;LQase�alds. �':-
<br /> • Borroarer shall ocxupy.establish.aad us�the P r opsrry as Bamower's p r i n c i pal cesi��ce cvitiva:xty days after the e�ecution of `
<br /> . :. .� zs Eorrovsrer's � r���ence for at least one year aRer �`__
<br /> — - - - this Seauity Instcument and shall contiaue to�ocupy the ProPErty P '� _
<br /> . • .� the daz+e af cccupancy,unless Lender o t heiwise agr�s in wri ri n�,w h i c h c o n s e n t s 3 u a 1.1 a a t I s e��r e a s onabl y avithheld.er unless —_
<br /> e�cteauati�s�circumstanc� exist wtuch are beyond 8orrower's cratrol. Borrov�ec s�3ll not desuoy. damage or impair the _
<br /> c ea
<br /> � " Progerr�., f:1ow the Property m deteriorate,or commit waste ���e Property. Borrovrer shall Iss ia default if any forfeiture f
<br /> . _. _ action or proceeding,whether civil or criminai,is beguu that in LEnder's go¢d f2it3i judgmeat could resusc in forfeiwre of the
<br /> • Property or otherwise materially imPair the lien created by thls Security Instntment oz Lender's seauiry inr�si.Borrowet may
<br /> • cuie such a defa�lt and reinstate.as Provided in paragraph IS.by causing the actioa�z gmceeding to be dismissed with a mling
<br /> • that, in F.ender's good faitb detecm�ar�:ion,precludes forfeiture of the Bflrrower's int�:�c ia the Property or other material
<br /> � , '. . ' impairmsnt of tlae lien cs�ted by r3as S�curity Insuument ur Lender's security int�resc. 1:�',,�wer shall also be in default if
<br /> • Borrower.during the 1r.���Plicatiutt process,gave mazerially false or inaxur�.n�i^..f�ma����:�"���a�(ap failed
<br /> � , � to pmvide l.ender w'�,�.:.:material information)ia connection with the loan��+�'at�v�:::Note,is::�.��,but nat limited v
<br /> to, representations conc�saing Borrower's occupancy of the Property as a prin::r�reside�c=•If this Se�a��:�strumeat is on a
<br /> �� �,��'ti�� IeaseIlR::�. �arrawer shall comply with all the provi�ians oF� le�se. If Borrovrer ac��i�.'� fee dtte:� _he Preg�rl, the
<br /> s: ��"�,3 ' leaseLti.�4�1�the fee tide shall noi cre�ge ufiless Lender agr�r,�c�e merger in viritin�.
<br /> !.��� f 9.Proied[oa af Leader's RigEtis in We P1ro�et4y.If Borrower fails to perfo�ca tt�oovenaats and ag.�nts conta9ned in
<br /> g�
<br /> � , i�' this Security Insuument,or there is a legal pmceeding thut may significantly affe�3 L�er's rights in t�L�roperty(such as a
<br /> �� � n ' proceed�ng in banktuptcy,prohate. for condemnation or forfeituce or to enforce lav:�or regulationc),then Lender may do and
<br /> " :�;t:..� pay for whatever is necessary to pmtect the value of the Proparty and Lend:r's ri�:i ia the Prapert3+.Leader's asttons�ay
<br /> ==::;,.'- �,t��:'�'� include Paying anY svms secured by a lien whjch hns prloriry ovez ttus Securilty Imsttument, aPi�arIng in court, PaY�B
<br /> ��'�.:s��:�.:�� reasonable attomeys' fees aad entering on the PropErty to make repairs.Although Lr_�:Y may take action uader this paragraph
<br /> ...�°`=����-•`-: ` 7. I.eader does not have to d�so.
<br /> �'_':=�.
<br /> ----�•.,a..;. Any amounts Qisbursed by Leader under this paragraph 7 shall be�am� a.d�i�iar.al debt of Borrower secur=d by this
<br /> .;:;;• ,�,,;.-.
<br /> ;,•;S�.�,,G�,;— gecur(hr insuument. Unless Boirower aad Lender agree to other terms of payineat.t�:s�amounts shaU bear intenest from the
<br /> `~��`'i•dr�'�r r date��::sbursement at the Note rate aud shall be paynble. ��ir,�interest, upoa nrsti�:e fram�.ender to Borrocver�L�ting
<br /> .s.:__�";.m�l/��'� ,,,.,,
<br /> _-_ . pa}r:.w:.
<br /> .;,���;g+ S. Mortgage Insnrance.If Lender required mnrtgnge insurance as a coadition mf making the loaa secund by this Securiry
<br /> .. ` �< ,,; insuument, Bonower shall pay the preffiiums required to mainwia the mort�e iraur��e in effecL If. for any reason. the
<br /> �;-,.�
<br /> .:.�;�'_'�'`°�,_+;,;., mort�:�:Insurance coverage requir.e�by Lender lapses or ceases to be in effect.�a�rower shaU pay the ptemiums r to
<br /> --=s:sH2t::�.;� obiain��c;.Erage substantially equi•;�c��t to che mortgage ias�nrw previovsly in e�feat,at a oost substantially equivalent to the
<br /> .�t.t. .. ., -
<br /> --y��� - � cost to �orrower of the�nortgage Insuraace previously in e�('�ecs,from an alt:rnate taongage insuier approved by Len er. _
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<br /> "`"�.:�;" • substantially eyuiv2!�i mortgage insurance cov�e is not available, Bo_Prcl�cr shall pay to Lender ea�.�onth a svm equal to _
<br /> one-twelfth of the Y�eaa;�mortgage insurance premium being paid h�8ort�«<�',-�hen the insurance cov�rs�s lapssd or ceased to
<br /> :_�r� ��r.'':. . be in effect.l.euder�:�::;accept,use and retain these pFrymen��s a l�ss rc:,:r:r+:in lieu of martgage iasuranae. Lass reserve F° -
<br /> .C�:�•:f�';'�. Form 3028 8/90 E-
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<br /> "��'�,t`��::�' ��6hlI�19272:.G3 P�x173 1.1t:t1C
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