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<br /> � , S. Hazard or �ropxrty I�rance.Bormwer ahall keep We improvementa now esueting or b.�reafter e� on iuc �--,
<br /> property lasured against losa lsy &e.hazards irtcleided withia the tesm"e�ctended caverage°and any ather Hazatds,iu�ludi�g =-
<br /> '. tloads or Aooding�for which L�ader nguiras insurunce.Tbis insura�aca shsill be mt�intalneai in the amounts aad for tb.e p�riods �._
<br /> � ����'� that Lender eequires.Tha inauraaoe cairier provldiag�he insur,aaca ahall be chosen by Borsower subjax w Lencler'a approval
<br /> - - ubich shall aot 6=ume�+�fln�ly r�it�nhsi�.I�Borr-aa�rrea fails to mai�ta�a cav�ra�e d�ssrfls�!alsave, Lcades may. rs I�es•e f.
<br /> . �: opdon.obiain coverage to pmuct l�nder's dghta ia the Pmpeny in asxordaace w[th paragraph 7. .
<br /> � � . Ail ins�rranoe polictea ead renew�tc; eh�U be ucxptable to Leader aad ahall tnclude a eteadard mortgage rlm�se. Lea�er
<br /> ,.��,i� , shAU havs the dgh,t W hold the polieid saad rtnewals.If Leader requirea.Bmnower ahaU pro�PUY 8�ve w Lender aU ce�ipts of =
<br /> ;:� p�id pnmiuma aad reuawal notias.Ia the eveat of loss.BaYrower Ah�11 give prompt Aotice co the iasuraaa cander and Y.ender.
<br /> i�eader may make proof of loss i�not madm promps1g►by Borrower.
<br /> -�'--�� Uatess i�sr r.afl Esno�er ot�sn�ies q�!n w�iti�g���se pr�eedn eh�ll be appUed co rest�rntiaa or repsir of the
<br /> � "�� �g�ny d�od,i8 the rasor�tion or rep�Sr i�eaonomicaily feaiiblo�ad Leadar'a aec�ulty i�not lessenaf.If the�eatorattcn or _
<br /> ...��' •. npttr ii nnt aconoa�tc�lly t'wible or Lender'e aec�dry would bo les�ened�the i�surance p��oceeda shvl be appAed to the awas
<br />;,,,��.�"-; secured by tbia Security In�teum�nt. whether or aot then due� wlth aay oxccss p�id to Borrower. IP B01l�OWC!�lAtI01L1 fZtB
<br /> ,;�;��.::;,, � Propeny.or dass aot aa:wer withia 30 dnys a notice f�+om LonQer ttu�t thn inaurance cartie�has offered to settte a claim,then
<br /> :�.�.�� t.cnder m�y aolleot tho inwru�ce proxed�. L,ender may use tha procade co reQair or ttatore the Prupeny or w psy euma
<br /> ��'-���' Recured by thiv Secu�ry Imaument,wh�ther or not thea dua.l4te 30�dsy pertod w1U beglu when the aotloe id glven.
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<br /> `_ ��`."r''� Udess Lender end �3on+�wer ethorwlae a�ree in urtitlug. �nY �PF�c�ton o!p�'acQeds w p�tncppal shaU uat at .
<br />_�---==�= postlwne the dva dau of the moathlY P$Y��eefened w in pu�raphs 1 aad 2 or cbange the ameunt of the p�yymente. If
<br />_`�a=",<::..• under P�B�Ph 21 the Property is acquierd by Lender. Borrower's dght to any insurance policles and pmxeds cesWdng from
<br />``==°'�:c�,� damage to tte Pmparty prior fo the acguisidon ahaU pas�s to Lender to the nxteat of ths sums secured by this Secudry Iasuumsnt
<br />-,�-:;.:�_'';, ,,, immediauly priorto th�acquis�cioa.
<br /> '�'��,:� 6. Oocup�cy. Pr�seeva4ton, Ndatnteasuce smd Pe+o3estton ot the Property: i�an+ower's Loan ApgiicWiomt
<br /> ����,'� IaASdaolds.Borrower shall o�cupy. establish.and use the Properry ag Borrower's principal resideace wit63n sixty dsYs aRer tha
<br />���.�:��� execution of this Sscuriry Iasuvmeat snd sbell continue w occupy the Property as Bonnwer's prIncipal c�esidence far at leaat one
<br />--`'�'��'� year aRer tha dau of oxupaucy,unless Leader othe:wLse agcces in writing.whieh consenc shali not be unreasonably withheld,
<br /> =� or unless exteauating circumstanas e�ist ahidi are beyond Borrnwer's contrul. Eomower shall aot destroy,damABe or impafr
<br /> -=_-"3,�',� the Property.allow the Propescy to dae�iorate�or commit wagte on the Pmperty.Borrower shall be ia de�t'anIt if a�ry forfdtun
<br /> _ Y ° _ ' apion or proeading,whether civ�or crimroai.is begun tbat iu L�netci'e gc,od fatth jud8a�t cot:ld rt�lL fr • �•,•c+f*_he
<br />_~;au:�� Pmp�rty ar othercuise materiaUy impair the lien cneated by chia Secudty Insuument or I.ender's secuzity intenst.Bosower may
<br /> =��"n� �aue such a default and�+einsu�te.as provided in paragaph 18�by causiag the action or pmceeding to be dismissed with a mling
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<br /> __::,�:�,.; tbat, in Leader's gaod faith daurminatmm�, Precludes forfeitime of the Bonower's inurest ln the Progerty or other material
<br /> �_.=_;;:k� impairae�of the lien crqtcd by tLls 5�►rity Insaununt or L.eader's sea,zity interest. Barrower sball atso be in defanit If
<br /> — Borrower,duein8 the Ieaa applicadon prmcess.Save maurIally false or iaac�uate information or srauments oo Lander(or failed
<br /> --_`�'""°� to provtdo Lender wlth a�+materiai i�ormatioa)in co�ectton alth the loaa evidenc�d by the Nou.including,but not limiud
<br /> --°===` to.xePraeaRa¢Ions coaoerning B�oirower's oxupaacy oP the Property av a principal residarce.If this Saa�tlty Insuumtnt is on a
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<br /> — - ,'� ir,asebold, Horrower aball comply wl� all ¢he pravtsions of she lease. If Borrocver acquires fae titIa to the Propeccy, the
<br /> ���;�'.��� le�sehold aad the fee tiile ahall aot m�rge imless I�ader agc�ees to the merger ia artttnB•
<br /> ---'-=-''� 7.P�on ot L�tder's Rigpb in the Property.If�orrower fails w perfom�the coven�uts and a�uts oontained'm
<br /> �_ tLis 5ecudty Inauument, or thsn is a legal Pmoe�B that maY signiflccandy affect I�end�r's rIghts in tl►�e Properry(such as a
<br /> P�8�banlnuptcy.P�bau,far c�ondemnation or forfelnue or to enforce laws or re$ulations),then L,ecder may do and
<br /> ---_:�y:>� PaY fo:whau.wer is ax�essary to protxi the vulue of the Property.and Lender's rtghts ia the Property.Imder's acdons may
<br /> :;s�� incinde paying aay aums sxurcd by a Itar wh�eL has prlorlty ovor th�s SecurIry Inataumeni, aPP�B � �• PaY�8
<br /> nxwnable attomays'fas aad enuri�ag on the Property w make neipairs.AIthough Lsnder may tak+e�aceioa uader this paragraph
<br /> 7.Leader does aot have to do so. �
<br /> _ _ __-- -- Any amounts disbutscd by Leader uader tbis paragraph 7 Aball become additfonal Qebt of Bo�ower savnd by this
<br /> Sowrlty inssrwnent. Ualess Bormnrer and I.eader agc�ee to other tenns of paym�t,these ssmovats shall bear interest from the
<br /> J:,� dau o�disbuisememt�t tite ATou rate aad sha11 be payablo.with iatarest� ugon noticx fffam Iread�er to Borcower rex�uestiug
<br /> --- paYmeat•
<br /> 8.M�►rtgage Ensvrnnce.If I�der required martgage ias�uaace aa a coudition of mak3ng the loan sxnccd by this Sa�rttY
<br /> _.—._._._ �� Bcrn�ower ahall psy the .p�emiums required w maintain the.mo�gage insursnce in effea. If. for any reason. the
<br /> -._:.�:� m�on�e iasuraaoe coveYage requtr�esl by Leader lapses or�eases to be in effa�.Borrowe�.sball pay tha premiums re�lui�d to
<br /> -------= obtain coverage substantially equivanent to the mortgage insuraate pnviously in effo�x.at a cost substaatiallY equi�'aleat to the
<br /> ------ cost to Bon+ower of the mortgaga inaurance p�vtovsly ia effect, from an alteraau mart�a,qe insuror appmvEd by d�ader. 1f
<br /> __ - = substamially eqnivatent mortgage ins�uaaa ooverage is aot aveilsble.Borrower aball pay to Len.�er each month a sum eqnal w
<br /> =__ one-ta+elitD oY the yearly morcgage ina�uance pmmium beiag paid by Borrower when the Insnrencx coverage lapsed or ceasod to
<br /> _- _�'�"� be ia effr,ct.Y.eader wW accept,use aad reiain these payments as a toss zesenr�in lieu of mortgage iasurana. Loss nserve
<br /> -y'.'=� Fann 302lt J/90
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