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<br /> �. �� or g�.ap�ty (c�urarice, Sarrower shall keep the improvemcnts now existing or hereaftes erected on the -
<br /> _ Property insured again�t Ioss by fire, hazards included within the term "extended coverage"and any other ha�rds. including
<br /> � • floads or flo�ding,far which Lender requires insusance.This insurance shall be maintained in the amounts and for the periods �
<br /> ' that Lender requires.Thz insurance carrier providin�the insurance shall be ch�sen by Borrow•�r subject to Lender's approval �
<br /> whicb sh311 not be unreasonably withheld. If Borrower fails to maintain coverage described above. Lender may. ac Lender's
<br /> r optian.obtain coverage[o protect ixrtder's rights in the Property in accordance�+ith ParaB�Ph�• �
<br /> �{ All ins�rar.ce policies and renewals sha11 be acceptabie to Lender and shall include a staridard mongage clause. Lender �
<br /> " shalt have the right to hotd th�policies and renewals.If Lender requims.Borrower shall promptly g�ve to Lender all receipts ot' � _
<br /> � -`?- paid premiums an�renewai natices.Iu the ecem uf loss.Bot�re�er shall give prompt notice to che insurance carrier and Lender. � �
<br /> . : Leader may make praaf of loss if not made promptiy by Borrower. _-
<br /> — - =rt.�
<br /> - iTnless Lender and Borrnwer ost�en�is�agree in v,riting, insurance QroceEds shall be applied to restoration or repair o e
<br /> �� L'trgerty damaged,if the restorasion nr repai�is erunomicallp feasible and Lender's security is not lessened.If the restoration or -
<br />- .�s� r�air is naE ecoaomically feasible or Lender's security would be lessened, the insurance procceds shall bs applied to the sums _
<br /> '�'.' �` �xured by this Security Instrument, wRethQr or not then due.with any excess paid to Borrower. If Borrower abart'r.-..s r.�e
<br /> ` y` Lscrgerty,or dnes not answer within 30 days a notice from Lender that the insurance carrier has offered to se�le a cI�-.. ��..°�
<br /> � �der may collect the insu�ance prareeds• I.eader may use the proceeds to repair or restore the Propart'� c-:o pay sums =
<br /> .ff�_�;L_ . � s�vred by this Security It�strumsnt,whether or not then due.The 30-day Qeriod vrill begin whan the nodoe.s��':.-•
<br /> Unless Lender and Borrower otherwise agree in writing, any appliration of prooeeds to Qrincipal s`.:'? 'c= ee'.��ar
<br /> "`• �aostpone LFe�le date of the monthly paymanu refemed to in paragraphs 1 arisi 2 or chanaz��amount o��:pz}-�enu. If
<br /> ° � rya3er para,��7 21 the Property is acquired by Lender.Borrower's right to any isurance pe-:==�aad Pmcezcli"�s'u'mg fr°m
<br /> -����� . •. �;r���Je to�:;�Tfropem�:�i�r to the acquisition shall pass to Lender to the extent w�C:�sums sect:red by this Securit?t Ins,�um�nt
<br />�'�:� • ��l�llS�4���r t��.�W�LZ�L�l���.
<br /> � C.�@,�zy,Presen+a8on,Maintenaace and Pcotection eu c.h�Property;�areower s JL.ran Appl�ra'tian;I.e�hnids.
<br /> - ' �� II,t;;�ower s:-��=orcupy.establish.and use the Property as Borroue'a�rincipal residence with�sixry days after the executian of
<br /> �_ _ t�i^,Security Instrumznt und shall continue to occupy the Property as Borrower's principai te�°�1�ce far at iQast one year after
<br /> �'+'^�.:.`'�I t�e date of occupancy. unl�s 1-ender othenvise agrees in writing.which consent shall nat be unreasonabiy c✓itl�helcD.or unless
<br /> ��•r extenuating circtuastanres exist which are bsyond Borrower's control. Borrower shall not desiroy, c�rnage or impair the
<br /> '`t'•`'`"'�'' � � ' Property, allow the Property to deteriorate. or commit waste on the Property. Borrower shall be in de`auir if any forfeiwie
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<br /> '�=: - action or proceeding, whether civi!or criminal,is begnn that in Lender's good faith judgment could result in forfeiwre o e
<br /> _ -_ _ Properiy or otherwise materially impair the lien created by this Security Iasuument or Lender's security interes�Borroarer may
<br /> �;.�:�. � cure such a default and reinstate,as provid�in paragraph 18,by causing the acbion or proeerding co be dismissed with a ruling
<br /> �i';.y;_�� that, in Lender's good faiih det�rmination. precludes forfeiture of the$omower's interest in the Prope�ay or oihcr material
<br /> �r�'='�y;�= impairmeat��R:lien created by this Secarity Inswment or Lender's securi: inierest. Borrower shall�s�be in default if
<br /> � Borrowe:.during the loan applicatiun process.guve materially f:.ase aT=�accurate informarion or stateraents to Ler.�+;r(ar failed
<br /> �"����-` te pro��i�v Lender with any material informarion)in con^_�.i::orith the loan evidenced by the I�Iote,inclu3ir_,�,isw not iimited
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<br /> �., �;1:��n�ons conreming Bosower's occupsn��oF:�e Property as a principal residence.If this Secuai�!insuument�s on a
<br /> _ -- a�r.�:�, Bflaower sha11 comply with all the pr�rzsions of the lease. If Borrower acquires fee tide ��r'h. P�'operty, th�
<br /> -=__"�-"� ��z�.Ys�:d and¢hs fee ride shall not m$rge unless Len3ar a frB n wer fail�io�n rform the coveaanu�..�.d a�=��snts contain;d in
<br /> �- T.�tion of Lender's Ri�ts in the Pro�perty. Pe
<br /> - - � �:is��curity Instru�:��t,c-there is a legal proceeding that may significantly affect I.ender's righ�:i�¢�s 1�ropertY(such as a
<br /> =~�,,�;,,,� �,:ece�ling in banknnptcy.probate, for condemnation or forfeiture or to enforce laws or regul�rio�),the�Lender may do and
<br /> _,Y;_�,��.;;� ty;,�. for whateve�r is r.acessary to protect the value of the Property and Lender's rights in the Property �,��der's actions msy
<br /> -•• ��+� e�c;��d� ��3rir.g any s:uns secured by a lien which has priority over this Security Insuum�nt, a�p��..� in court, paying
<br /> =�- reasona�"E auo�eys' :'�es�nd enterir�cn the Property to m�.ke repairs•!�lthough Lender m�y[ak�astian u��er this parsiigraph
<br /> 7.Lendzr�aes not h���:tfl 8o so.
<br /> Any amounu diburs� by Lendar under th'ss �.:saraph 7 shall becom� additional d�t of Ba��*�er serured by this
<br /> Security Insuument. E:niess Boaower and Lender ao e.�to other terms of pa;�rnent, these amounts shs1:.�3�z in;erest from the
<br /> date of dis's�rsement fiI C.N:Note rate and shall is��+ayable, with interest.�ron noace from Lender.��^�rrower requesting
<br /> payment.
<br /> 8.Mnrtgage I��r"'�ce.If Ixn@er required mortgage insurance as a condition of making the loan secumd by this Security
<br /> Instrument, Borro�cer �'s�; pay the premiums requlred to maintain the mortgage insurans�e in effect. If, for any reason. the
<br /> mortgage insurunce cacc;�e reyuired by l.ender lapses or ceases to be in effaa,Sorrower shall pay the premiums ce9uired to
<br /> obtain covera�e substantiaily equivalent to the mortgage insurance previously un efi�c, �i a wst subst�_i�e!ly equivalent to the
<br /> `�"""�� cost to �nower of the mortgage insurance previously in effect, from an alternate�:e�a.�°insunr a�pmved by t.ender. If
<br /> substanteally equivatent mortgage insurance coverage is not available.Borrower shall pay ie�Cr��er eash month a su-�.U;e:s1 to
<br /> - -- - one-nvelfth of the yearly mortgage insurunce premium bein�paid by Borrower when the insuranc_wverage lapsed or ce�vrd to
<br /> --- be in effett.Lender will accept,use and retain thes�payttients as a loss reserve in lieu of mort��e -�•_wrance. Loss reserve
<br /> Form 3028 9I90
<br /> v�o 3 of 8
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