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<br /> . , y, g�azard ar Pto�erty Ittcaran�. Borrawer shal! keep the improvemenu now existing or hereafter erected on the =
<br /> � , '�t`� Property insured against loss by fire, haz.ards included within the term°extended covera�e'and any other hazards, including _
<br /> . - Hoads or flouding, for�ehich L.ender�uires insurance.This insurance shatl�maintained in the:imounts and for the periads
<br /> � that Lender requires. The insurance carrier providing the insuraace sh:ill ts�chosen by Borrower subject to Lender's approval g�
<br /> . v�hich sh�1l not ba unreasonably ��ithheid. Ii 8orrower fails to maintain coverage descri[�ed abave. Lender may, at I.ender's �
<br /> ,� � option,obtain coverage to pmtect Lender's rights in the Property in acc�ncdnrzce with pamgraph 7. �
<br /> o � ' ' Ail insurance palicies and renzwals shall Is.acceptabte to Leruier and sh.all include a standard mortgage claus�. Lender �
<br /> , • . '�� shati have the right co hotd the policies urtd rentwnls.If Lender requires.Borrower shall promptly giv,co Len�er all receipu of �
<br /> � t 4,• paid pmmiums and renetral nouces.In the event of loss,Borrotives shall giv�prompt notice to the insurance cfurier and l.ender. �
<br /> ' • _� •, L,ender may make praof of loss if not made promptly hy Borrower. �
<br /> .• �� ' � Unless d..ercder and Borrc,rver othenvisQ agre�in writing,insuran�e prar.eeds shali bs applied to restoration or repair of the
<br /> . : _�:: _
<br /> - ;�.�- Fropetty dar►�aged,if ihe rstoration ar repair is economirally feas'shle and E..�nder's security is not l�sc�ed.If[he:estoration or .
<br /> •i�.:�.�,,=�� repair is not eoonomieally feacible or I.arzder's security would be lasene�, che insurance pmceeds shall bs applied to thz s�+mc
<br /> �' , ;� secumd by this Sr,cwity Instnu^-��, �vhe.iher or uat tinen dae, v✓itb any excess paid to Borrower. ff Sorrower abandons the
<br /> �'�� Progeny.er daes not answer wi�.:�days a catice fram L.ender that the insurance carrier has offered to settle a claim,then
<br />. � . `��� [.eccder m�:y collect the insu�ce .:�na�ecls. Lendzr may vse ths praceeds to repair or msture tlt�Pro�erty ar[o Isay sums
<br /> �t secs:red F�J�L�cr=��riry L^.sdvmen�w��$ther or not`�+�a��e."�L-:a�y p°aiod will begin whsn th:notice is given. .
<br /> �•:?��I:��.t�?orrower otheraris$a� '��r��..;.. �-? �.:tti�:tiot�ot'prace�ds to princi�I�Iz-yi �.�, e.�c;���
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<br /> � • � nrh-��.�;�e -�;.�:�re or cae mar��y�ayments r-���r:.. �,�.^,-�,�.�, L�.1s?or chznge the�not�n[e����e���;s.:�
<br />,;;„ ' � . �s�r�:h 21 the Pcoperty is�:_:_-^�by�::�- �u�;:�uy*"s r��;:c�s :�3�usutarcee goticies and�m�3:.t n:�r,l�u-k;::-:u�
<br />_::��'�' ` ��t�'� � e e��iz_Fro rior to ti�e z �=�a�c.a:s tfl Ler�3e*b3�e e��aFthe s�ms ss.�ml by dtis 5rcuriry ltti���t
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<br /> ^ 4 r�l+' im�edis3y�y prior to the acquisitian.
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<br /> �•.:,,.� 6.Qccupar,ey,Preservat[on,Mai�t2zaaace arid Protect�on of th�Propt�C::�orrowez's LoaY►•A,aAiittation;I.easeholds.
<br />_ ..:y�� , Borrower shall accupy,establish,and use the Prapetty as Borrower's princip�l residence uzthin simj dnys after the execut�on of
<br /> . this Security Instrument and shall c:�ntinue to occupy the PropePty as Borrawer s principxf�residence for at least one year after
<br />-- � _•" ` ' the date of occupancy.unless I.Qnd�r otFzenrise agree�in wriring,ahich cansent shall aot h3��nreasonabiy wilhheld.or unless
<br /> °ns;:,":'��. extem:arinII cireumstai►ces exist which are beyand Borrower's watroL Borrower shali noi destroy, damage or impair the
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<br /> _�._--�:�-���o Pmgerry. allow the P:operty to deteriorate,ur cotnmlt�vaste on the Property. Iinr�owcr sh�tl he in default if m�y furt�iture
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<br /> . -_, action or proceeding, whether civil or cr�minal, is begun that in Lender's 600d fnith judgment rnnld hsutt in furfeiwre��f ths�
<br />:;;;.�,�Y.,:';,•, Property or�henvise materiaily impair ths lien creatQd by this Serurity Instrument or l.ender's accurtty intePCSt.Bormtvor may
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<br /> �-�� cure such n default artd reinstate.as pnnvidod in parugraph !S.by cavsiag tQtc ecti�n or praxccding ta be dismissed with a ru iag
<br /> �,� �•!'F'` that. in Lender's good failh detemvnation, pre¢ludes forfeiture of the BUnower's inier�s ln the Property or other matertal
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<br /> -�_•���� lmpairmsrtt of tit2 lien created by this Security Instrusnant or Lender's security interest. Borrower shall ale,�be in default if
<br /> �°°'-:,�,�'�j�� Borrower.during the loan application process.gave macerially false or inaccumte inEormation or statem�nts to[.cnder(or failad
<br /> ____- — _ to provide Lender�vith any materi�l information)in connertion with the loan e�idenced�y the Note.inciading.but not limitcd
<br /> '`'"''�'�:'_�'� to,representations concemin�Barroever's accupancy of the Prop:rry as a princ�pal residence.if this Security Instrumznt iE an a
<br /> -- _����r��� leasehold. Boaower shall comgly with all the provisions of the lease. If Borrawer acquir�es fe�e title w the Propwz;�. the
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<br /> _�-�='"1=— leasehold and the fee tide shall noi merge unless Leader agre�s to the merger in writing.
<br /> --=~��n�,� 9.Pro2ediort of LeIIder's Rights in the Praperty.If Borrawer fails to perform th$covenanis and agr+eements centained in
<br /> - _ ° -- this Szcurity Instrument. or thare is a legal proceading that cn�y significantly affect Lensies's rights in the Property (sucln as a
<br /> __ _ -- praozadi��in baniwptcy,probate. for condemnation or forfeituxe or to enfam.la�vs ar re3ulation.$),then I.ender�aSr da an�
<br /> _�;��;�;y� pay for whatever is necessary to protect the valae of the Prog�and Leader's rights i.n�I�Fro}serty. Lender's �.��:rc�^�ay
<br /> .r._r:,_� include paying any sum.s securad by a lien whicf� has priori2y over this S�:a�iry In1�:nt. zpp�xing in couTt, �aying
<br /> -_�-__� reasonable attameys'':aes and entering on the Peogsrty to mak�re�airs.A1iho'�g.y f�n�cr rrWy take zcdoo a�s�e7 this paragraph
<br /> - - 7,L.er.���o�.c not h�>,:ro�'o�o.
<br /> --�� A�y amounts C_��:::ss;d by (.��s.3er under this paragrap�s 'T •shall berome addiaattal d�t of Borrower serxu�t�� this
<br /> Securiry ::strumer.;. G:�+!�=ss i.arn��vc;r�nd Ixnder agres to od��:s-i�:-ms of payment,th�e w�v,-,unts shall bau intere�t fn�cn�.s
<br /> date of disbu�sen:cr.r�:�i _�e Note tate and shall be payable. �ni±:nteresa, upon notice from L.ender to Bormwer �ty,ns�t.:ng ,•,
<br /> paymem.
<br /> 8..:�•��:rtgage Insnrnace.If Lender required mortga�e insi.-�ce as a condition of making the loan secured by this�;;curity
<br /> - Instru��aiau•., Borro�aer shall pay the premiums requirad to r►�inLin the mortgage insurance in effect. If, for any ct�;::.zm. the
<br /> ='�--' mc:.��m::nsurance cover�e required by L.ender lapses or aasra to be in effect.Bonower shall pay the premiums r�air:d to
<br /> -_=--------�' vL::.:_coverage subst:ntially equivalent to the mortgttge insurauce prev3ously in effect.at a cost subst�niiallu,�cJuiva:r^t to the
<br /> -------_�"� xs.'�Borrower of.:ie mort�age insurance przvi�usly in effect,from an altemate morigage inss�rer��gi1�,•ed by L.ender. If
<br /> . = s���:aa3�:.ally equivalcnt mortgage ir.surance caverage is not avaiiable. Borrower shall p�1�ta L.Qnder eath month a sur.�r�ual w
<br /> --�_,�;�;�;;��� one-nvvll.h of the yeady mo�t�age insurance premium being p:�i by Borrower when d�e I�:�arance wverage lapse�oz c;�rsed to
<br /> =;��;;1;;;��:� be in e:ut.Lender wiU accepi,uss and retain these payrnents as a loss restrve in lieu of mortgage insurance. Loss reserve
<br /> - �=�`_}:��� Form 3028 9I90
<br /> '+��`� Pago 3 cf 6 �
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