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<br /> � paid piemiams.ars�t�ar�wal notias.�n Uie ere�u of los�,Bohoaer s6alt give prompt mtiae w tLe is�uanoe cauier�qd Lender.
<br /> �-- , I,edder tnaj►maice proofof toss if not made promptty by Borrowe.r. ' '
<br /> -=� ' ttnless L.ender and Borroarer otherwise agioe it�acitittg.#nsurdnoe piooeeds stmli be apQlieQ w msto�ation or repair of thc �
<br />_ _ ' . Pi'nPerty�ed,if the t+estoradon or repair is aaonumicaily f�la and I�der's soaxity€s not tesseoed:�die siestor�ioa or � .
<br /> — `repair'is mt e�fm�te or I,ender's securify woold be les:sened.tLe i�aranae piuceeds shall be applied W the sitms
<br />--— saaued hY tfis Seausry Iashumrnt,wl�tber or rot d�en doe. �ith a�iy excess:pad tu Borrower.Jf Hortower abaadons the < <
<br /> _� .Prope�ty.oi does uat answer within 30�ys a notia fcom I.ender that the iawran�c rarrie�6as dfferM w settle a claim,thea _
<br />��`= l,eoder may coltect the insurance Qmoeads. I.endu may trse tbe'ptooeods to re�air or nswn the Pmpeay or to pay sums
<br />�:�� secared iry this Seau�ity 1ns�umc�u.�vhether or nart tbet�dqe:T6e 30day periad will begip wLen tlte rotice is given:
<br /> ' Unless_Lender and Bornuwer�wise agc+e�ia writing. any applicariQa of gtoceads m princi�al s6a11 not�ztmd ot -
<br /> postpone tbe dae date of tbe monthly payroents,r+eferred ui in paragraphs i ard 2 oi cUaage tLe amou�rt of tbe payments.If • .
<br /> wder garrgraph 21 tbe ProFerry is aa�aiced by I,ender,Bormwer's right w any ia�aoe polieus and pr�oaeds resWtio��fmm
<br /> damage w�e Pro�erty�ioc to tlte aoquisitiaa shaU p�ss w Lender to the extent of the s�ut�s seeuned bg thi�Soau�ity tnst�noera .
<br />- , im�adiately pcios'to the acquisition.• - � ' '
<br /> . 6.8ccop�n�y,N�on,NLinhnance aad Ptnta�bn ot tbe Property:Boernwer's Iawn A�plicatjon;Le�e6old�. ' .
<br /> - ' Bdrrower shaU evca�sy,e.stablish.and use tlie Pmperty as Borrower's principal ts�idenoa aridiin si�ty days after the�ecation of .
<br /> ` �� .- ; , this Security Ihsaument and s6at1 oontinue to ocrupy the Prope�ty as Borc+ower's PmkiPaf�sider�for at least one yeaf aRer _
<br /> ' ':�t�``��::• the date of axupaflcy:uniess Lender atherwise agrePS fi writing.which consent shatl nW be uturasombly withhetd.,or unless
<br /> --- .;��,Y_�..- _ _ eztenuating c'�rcumsta�ces ea�'sst wbich are beyond Borrower's conuat. Borrow�r a�alt not da7my. damage or i�air thE' -
<br /> ' �;,�:�..�.,. ;-�.',,..�`. : Psopeity.allow tde Property W deteriarate,or cammit waste on the Property. Borrower shaQ be in defauit if any fort�iture
<br /> -��::�::`.. -'�. . ..' action or pzuceaGng.whether civil or esiminaf.is 6egun that in Iender's good faith judgment oould result in forfeiwre of the
<br /> �.�,._ . . s.. :
<br />_ ..� PropertY or otheiwise materialty irt�pair the tien created by this Security Instrument or Lender's security intec�sG Borrower may —
<br /> - : ���- cure spch a defautt and reinstate.as prnvided in paragraph I8,6y causing tbe action or procaee�ing m be dismissed with a cufing
<br /> '''Y�-�.��.' ..:., '. .
<br /> � r��;. . ,',S; ,,:�, that, in I.ender's good faith determiaation. prectudes fodeiture of the Borrawer's interest in the Property or othcr matecial
<br /> _.r.,..�� , , ::. ..
<br /> • ''` , . ' impairment of the Ifen created by this Socurity Inmument or Lender's sacurity interest. Borrower shall also be in default if
<br /> ;;r,�•r.°.�::'�:-. . _ Harrower.d�uing the loan application prooess,gave rtrdterially fatse or inarxurate inforn�ation or statecnents w Ixnder(or failad
<br /> . - --= �" :' ` � ta provide I.ender with any material i�'om�ion)in connection with the twn evide��ced by the Note.i�luding.6ut not timited • �
<br /> . `•;_.� :. to,mpmsentatio�concereing Bor�+nwer's oocupancy of the Property as a�rincipal nsideoce. tf ifiis Security In�is on a -
<br /> � '' �. � . ' leasehald, Borrower shall oamply with all the provistons of the lcase. If Borrower acquires fec ritle to the Prvperty. the �
<br /> . , '-� • • leaset�old and the fee title shaq not e unless l.ender - -
<br /> merg agrers ta the merger in writiag.
<br /> _ , �_ ' '7.Protedion of Lender's Rights in tl�e ProperEy.If Barmwer fails to perform the cavenants and agreements containeA in �.�,
<br /> �� , " - �� this Security instrument. or there is u legal prc�ceeding that may si�nific�ntly affect l.ender's rights in the Property(sach ag a �;«��
<br /> ' ' .. • • ,;,� procee�ing in bankruptcy.probate. for condemnation ar farfeiture or to enforce laws or reguTations).then Ler�der may do and —_ -=
<br /> ' � � pay for whatever is necessary tn protect the value of the Property and Lender s rights in the Propetty. i.ender's actions may �:.
<br /> . include paying any s�unv secured by a lien which has priority rner this Security lmtniment. appraring in aourt. paY�nB ��=-
<br /> . � � ' rcasonablc suomc�rs'fees and entering an thc Praperty ta make repairs.A�thaugb Ler�dermay take action under this paragraph �-
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<br /> . . .. �.:�=;-.
<br /> � • � 7.I.ender daes not have tc�do sa. '�'�=��
<br /> ��-� � �. , Any arnouMs disburscd by l.ender under this paragraph 7 shall become udditio�ql debt of Borrower secured by this ,;�.r,•
<br /> . " . � Security lnstrument. Unlcww Hoaower a�d t.ender agree to other temn of payment,these am�un�s shall bear intere.vt from t4�e _
<br /> , , date of disbursement at thc Nou ratc and shall be payublc. witt� intc�st, upan natice fram lxttder ta Horrowec requesting ��:_
<br /> . � payment. '.�''�:.
<br /> ,;., :
<br />_ ' � :� . . 8.Mo�e Insuranee.Jf ixrtder required mortgage imurance a+a 4vmditinn oP making the loan secured by this Serurity _
<br /> - � � ' ,�� Instrument, Barrawer shaU pay the premiums requirod to maintain the mo»g:�gc insurance in effect. If. for airy reason. the •
<br /> ' r�� •� mortgagc incurancc cnvcrage reyuired by Lencler lap�or��ea� to Ne in eife�:t.8orrc+wer.hAH p�ay the premiums required to
<br /> e:
<br /> • '�:Y ' ' �. oMain coverage suixtamially eqaivalent to thc mottgage imura�e previc�usly in effe�ti,at a cnxt sub!�tunt�ully equivatent to the , ,;
<br /> -.. `=-'"' - _ .- cast to Borrowcr af the mortgage insurance pnwinusly in cifect, frum:�n:ilternate murtgage insurer approvccl by Lende�. lf
<br />; �' � � :�_�:_ substantially equivalent mo»�age insurance covcrage is m�t available.Borrower�hs�l pay to LenJer each mnnth a,wm eyual ta ,
<br /> ' . , orre-twcifth of the yearly mortgage inrun►nce premium beirtg paid by&+rrower when the insurance wverage lap+ed i�r cea+ed to ..
<br /> '"� �� , bc in Mfect.l.ender will accept.use:�nd rewin there p�ymcncti u.ti :�Ib.s rescrve in lieu of mortgage insurance. Loss reserve .
<br /> = �. •. : . • � Fam 3028 s►8o .
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