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<br /> . . � 91-- io�889
<br /> ` ' '��' 1 tpe i mvementA now exiuing or here�Rer otocted on tho
<br /> ;' ;• S. Hw�d or Property Ia�urance. Borrower slul IceeP �P
<br /> ''�. property inturod a�la�t lo�by flro�tw.�i+d�iacludo�! wUhin the t�crm"eatendod covcra�e"and any Wher hazaeds. includin�
<br /> �• � floads or tloadla�. Por whlch l.cndcr require�inwrancc.This inau�acc sh�11 bc mointalnod in�he amounu w�d for the parioda
<br /> �yt Lender roqui�+u.Tix inwrance carrier providiny ttrc in�wraa��c rha11 he chocen by Bonuwer subjat to Lender's epproval
<br /> ,a .' which�Iwll not be unreasorwbly withheld. lf Barmwer f�ils to malauln cavera�e dercrit�d atiove. 4er�de�'�sy. °� �'s
<br /> optiw�.obtrin cover�c to pratect l.endee'u dQhtc in the Property i��ordonce with pareQraph 7• c clause. Lerder _
<br /> All insurance policies and renewalg slull b�aocepwbie to Lcnder end ahsdl indude A wandard mon�a8 �'-_—_
<br /> • �hpll hAVe�lie d�ht ta hold the policies anl renewals.lT 4ender rcquircs. eorrowcr xhall promptly givc tu 4c�ulcr all rcccipu of __
<br /> . � paid prcmiums wid renewal�oticer. ln the evcnt uf lmcs.Bc�rn►wcr slwll�ivc prompt notice to the insuwxe car�icr aad 4eadu•
<br /> �.. . �"'•,��' l.ender rtwy m�ice prooP of loss if not madc promptly by Bc�rmwcr. _ _.
<br /> ---�"����`�`.�� Unless L.cnder w�d Borrawer othenvise agree in wd�ing,insurunce Ptoceeds shall be aPplial to restorrtion or rcpair oi the � -
<br /> =��;r�,:. :_�( '� p�ny��ed.if the restarutian ar reps�ir is ocono m ic a l l y f e a s ible ond I.ender's securiry is not Ic.4sened.If the restoration or �_�
<br /> �`'-'` �;;•�'`-: rcpair is not aY►nomically feasible or Lender's security would be lessened,the inaurunce pracceds shall be opPlied to the suma —
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<br /> ��J :"..`�'3: secured by this 5ecuriry Instrument. whett►er or nc�e then due. with any excess Qaid ta Harcuwer. if Borcawer abandons t e �e -_-
<br /> �- �;; �,. =� property,or does �wc ansW'cr wi�hin 30 days a notice fmm Lender tiwt thc insurance carrier has oiferai ta settic a claim,then i �v __ _
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<br /> -- - �� 1,ender m�y collect the insurnnce pmceecis. Lender may use the pracc�edR to reBuir or restore the Praperty or to pay sums �
<br /> -�-� �°� securcd by this Security Inatrument,whether or not then due. The 3Q�ddY penod�""�� b��in when the natfce is given. �„���,
<br /> ���_:� :� �� ;� ; Unless Lender and Barrower othetwisc agrce in w�itin8. anY epplicai�an.of pm�.ti'r� tn prindpal shall not exrend or �"---
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<br /> _ ,, postponc the due date of the monthly puyments reicrred to in �Ztrs�grrphs 1, aad 2 ur�'�angc the umouM af tha peym�nte. 1
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<br /> �,�.,, - under paragrnph 21 tite Property is ocquired by L.eta�l�:r.���+�c's�v$itik w anY insurm►re palicies and ptoceeds r�sullin� m ��; � :
<br /> `�'�-�'',��..._ � damiage to tbc ProperrY Arior to thc qcquisitia+�sliall pas�w 4.e�der oo tlte extent nt the sums securcd by this�Caurity•Tnsuumant �,�l,,oR:'_
<br />.:,�f;iaj'��`�r�; rn•:-*'`•4'` irmcrctia�:lY �r w ttae acyaisitiod. Prvteet6ur+�FtY� �7;Borrower's l.oan A�spUaadunc ��• -
<br /> :i:�:,�;�r, �`'• t. ' s i,pcp�-y,Pn�servatiow�e�i —
<br /> �rr��t�Sq< c <, ,. P (� --
<br /> ';:::••�. � � " 8onvw¢r shall occu establish.sind use dr����q1T°�'�s rincf residence within sixry dayx aRer the executian o ---
<br />. .�,�;, ,.�_::,•'"h..�,,� ,, PY' �hc I'ro os I3c�rrawer's principal residcncc far ot least ane year after �`----
<br /> „� ,,i� ,t °` this S e cu r ity lnstrument and shall continue to accv�ry P�Y
<br /> �?� �,;f� ac �t�,�;� ,�,�, � the dute of occupancy.unless Lender othetwise agn.�s in writing, which w n s�•n t shall not be unreasonably withhe l d.or unless
<br /> �`�"� r t ' � '�-•� � extenuating clrcutnstances exist which are beyond Borrower's control. Borrower shall not destroy, darrwge or imps�ir the ��_m.,,,
<br /> _'-,':v� '��!x,�t'„'.;�� � fi'r;''';
<br /> property,allow the P'ropeAy to deteriorate, or commit waste on the PropertY• Hornawer shall bc in ciefault if uny f�rfeiture ���-,..
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<br /> _x;'�`� ,;,"�., . ,� .,,;t, action or pra�eeding. whether civil or eriminal, is begun that in Lender's gaxf fuith judgment could result in forfeiwre of che -_- --
<br /> ��. f'�• ° ti, - property or aberwise materially impai�the lien created by this Securiry Instrument or Lcnder's sccuriiy intercs[.Horrawer may —'
<br /> -_•-'����'�'-,° 'ctire suth a dcfault s.x!c�einstate.ec�mvided in oataAmPh 18, by cansing the action ar proccoding to be dismissed with a ruling
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<br /> ' ���4 i"� �"' � ' that, in I.ender's goad fuith determination, precludes forfeiture of the Bnrto�ver's �nterest in the Prc�pe�iy i�r.xhcr r.iateri�! � -_
<br /> ��. �� " � � ' � , ;�,f,.���;�"• impuirmerrt of the lien created by this Securiry Instrument or l.ender's xecurity interest. Borrower shall ul.co be in dcfault if � :
<br /> ` >'•'S`'�;r!`''' Aonower,during the loan applicatian prc�cess.Save materially Palse or inaccurate inforn���on or statements to L.ender(or faileJ
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<br />`''' ' to provide Lender with any material infortnation)in cannecti�n�vith the I�an evidence�by the Noce,including,but nat limited
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<br /> - . to,representations concerning Borrower's�xcupane�•of the Property as u principAl residence. If this Security Instrument is on a �
<br /> - � . . leasehold, Borrower ghnll comply with s�l the provisiuns of �he Iease. If Bc�rrower acquires fec titl� to the Property. ttie �v ---
<br /> `'' � leasehold and the fec title shall not mergc unles.Lendcr ugrccs to the mcrgcr in writing.
<br />� • . 7.ProtecNon of Leoder's Rights in the Piraperly.If B�rmW'cr 1'uils to perform the coven►►nts and ugrecments contained in ���
<br /> • . • this Security Instniment, or there ix•r leg�l prnceeding th�t muy signiticantly�ffect l.ender's rights in the Property (guch as a
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<br /> • % procceding in bank�uptcy,probate. for condcmnation or torfeimrc or to cnfurce laws or regultttion�►. �hen Lendcr muy do smd �i:.4�.ic=-�='
<br />° `r. '.' ' � pay for whatever is neccssary to pratcct the vulue of the Property and l.ender's rights in the Property• L.encler's rutions may _.
<br />.`?�- ;, :; '*:'• ,,Is�"�,,'"�. include paying uny sums secured by u lien which has priority nver �hi� Security lnytrument, uppearing in court, paYin�, �'+:f�i"�--=
<br /> ` ' »� �; reasonable attorneys'fees and entering on the Praperiy to make repairs.Althou�h[..�:nder may talcc action under�his patagnph � -
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<br /> ,�.' a ��f.�`°`,;,. 7, Lender does na havc to do xo. °` °
<br /> r'�'' Any amounts disbursed by l.ender under this paragr+iph 7 shull hccomc uJJitionul debt oY Bumawer +erured by this ��;�;�,.-
<br /> :: '! ';f" Security Instn�ment. Unless Borrower und L.ender Agrte ta other tcm»ot'paymcnt, these amounts �hull t�c�r intere�t from the ���,�:�"
<br /> �,�- � �},;�.i;, date of disburaement ut the Nute rntc and shall be payablc, with intcrcst. upnn natice fri�m L.enJer�a Borrower requesting � - -_
<br /> ..;� '' ..',.,.;, ppyment.
<br /> �� 8.Maigage Insursmce•IP LA'mler rcquired mongage insurance:+s u conJition oF muking thc I�wn secureJ by this Security ,� ���-
<br /> �:..' . ' r^3f'fl'�a_l.
<br />_ .. � Instrument, Borrower shall puy the premiumy requircd eo maintain �he murtga�e insur�ncc in effect. If, for uny rcASOn, thc _,A.m
<br /> . '. mortgage insuronce coverage reyuired by La:ncier lup�cs nr ccusc�to lx in effect.Burrower.hall pay thc premiums reyuired to ��{�r54c..n�..--
<br /> . �.. o . �f ',^ ``''rn,•--�'�_
<br /> � ., obtain rnverage substantinlly equivalent to the mortguge in�urance prcvioualy in cffcc�. •rt a cost,ubtitantiully eyuivalent to Ihe , *
<br />� � cost to Borrowcr of thc mi�rtgagc inSUrancc pr�viously in cffcct,(n�m an altcrnatc mortgagc insurer upprovcd hy L.ender. If � ,.���,.. �,,.,
<br /> . substantially cquivulent monga�tc insurancc covcrrge is not availahlc. &�rtx�wcr,hull puy tu l.cndcr esch month a yum equcil to '-r�,;;,1r.'
<br /> ' � one-twelfth of thc ycArly mortguge inxurancc prcmium bcing paid hy Rorrowcr when thr in�urrncc mvcragc lupsed or ce;ucd to ••'{ <
<br /> � ��� be in etTect.L.ender wiU ucrcpt. une and retain thesc paymcntti�s •r lo�s reurvc in licu ut' m��rt�agc insurancc. La►ss rcserve
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