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<br /> � �-a!'�O�lj� �a�O!'l�OtV'IIE[S� �tT1C 1�[OFCIl1enL4 U�W E7IISI�i1$�� �1�.' `
<br /> � ' F/�IGLS1,•��t�OSS�t ftCC�,�S mRUf�WiI�I1a t�1C tClRt�ilf(Ca(�OQYlIB$E�801�illlS/Qf}�118?91�5•iDL�iidlq$ , , .
<br /> . ' floods or ftboding,for which Gender requires incurance�,7Uis insutance shatl be maiutained iQ tbe aroouats ai�for the periads ; •
<br /> , d�at�eader cequme�:'i7�e i�uuranoe cazrier providi�thc insucam.�e sha111�chosen by Borrower subject to I.eoder's ap�u�a! • ,
<br /> ` v�hicti slraII aot be wmas6nabtY witlilrttd. If Borrower faifs co maintain coverage descdi�ed above: �may.at tender's .
<br /> • option,obtain oaverage to prntect�ader's rights in the P'topaty in aaco��visl�pa�a��. .
<br /> - cr AH i�nx Po�iaes at�d`rsnewais sfsaH,be aooeptab2e fo`Let�der`aud'st�a!!ir�clede a staad�d moAgag+e ctause. I.en�rjr _
<br /> —_ � sl�ati have`tTe ng�if to hold$�e pbtuties�r+psevvats.If Letlder roqti�s,Barrawer shati piomptty give ta i�atde[a1I r�eoeipts of
<br /> — paid pt+sfaiwns adl feir�ival trotioes.in tiu eve�at of tRSS.$o►mwer shai},giYe prompt uotice to the insvrapoe c�nitr am l.eoda: . _
<br /> = Ltnde�'may maic�`pr+oof of toss if tat made prompdy by Bo�roWCr. . ' � , �
<br /> - _ Unless t+endec and$orrower oti�vise agree in writuig.i�suran��pr0000ds sTrd11 be applied to reswratiaR or re�iair of tbe .
<br /> .-== _ �. � Prope�ty damaged,if the reswtatioa br repair is e0onomiC8lty feaSibte and i.ender;s sernifty is n�lesse�d.�ff tlt4�ot . . '
<br /> =_— ce�air is na�ecarromiwHp'fws�ble or I.ender s secwity woWd 6e lesse�ied,t�e imnr�noe praceeds shall be appTibd to tUe s�ms .
<br /> —_— — soeured hy�is Sacurity ia�mai�whdher or rat tbea.du�wid�any excess p�id w Boriolva. If Botmwer a6aodons th
<br />_�a.#� Pcopert3',or dces not answer withia 30 days a notipe from Lender that the inwiranoe carrier has offieced ta seute a ctaim.tlsea ' ,
<br /> �'_�. l�nder may wltect tbe in�uraaoe prooeeds. t,�der may �i�e tbe pnxxeds to repair or mstote the Pcoperty or to paY st� -
<br /> sernmi by this Security lasuument,whcther or zat d�en due.The 30�day periad v►nll begin wtxn the t�otice is givea.
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<br /> ''����. � UNess Lender arid Botrowet ot�wise in �
<br /> - �, � ��8• �Y.�ic�ari of proeeeds to prmcqia!sfrall uot extend or
<br /> postpnate ibe.due date of tbe maithlY P�Y��n�ferred tb in pat�paplu 1 and 2 or change the amount of the payme�us. If
<br />- uader paragr�ph 2!�fbe Puope�tjr is acqtii�d hy I.ender,Boriower's rig6t to any sacutance po�aes and ptaoeeds resvItin�iru�n .
<br /> _ damage w.tl�ee Pmpeny prior w tGe aotluisition shall pass w L,en�er to Ehe e�tent of ttie sums sec�ued by tbis Secarity insu�ment
<br />_ � �elp prior to d�e a�aqn�isition. � ` � ` `
<br /> - . 6�Qaap�ocy.PRSwati�n,Mainteoamz aud Prote.ction ot tbe Property:Borrowra's Lom Appt�;I�ebold4.
<br />:. - Bomnwer shat{oocupy.cstabiish.and use the Property as Bamawer's principal tesidenee wiihin sixty days after the execution of � .
<br /> : �;;_,�.'--3:_^._,;`.-..� ' this Security It�.st�umetu and shall contimre w accupy the Pruperty as Borrower's priucipal residente for at least o�year aRer =
<br /> �• s '°' �..,.., the date of aocupancy.untess Lender'otherwisc agrae.c in writing,wluch consent shall not be unne�conably'witfiheld,or wiless
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<br /> -- - :£�,:--:.�>.s'�-; • � eztenuating cinq:matmtces exist which aire t�eyond Borrower's ooauol. Borrower shall uot destroy, damage or impair the —
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<br /> ���'�' :y.:: -�:� Property,allow the Propersy to detertorate, or commit waste on the Property. Borrower shall be in default if aap forfeidu� —
<br /> . .�u`�:'. ': . action or proceeding,whether civil ar criiuinal,is begun that in l.eader s gond faitb judgment ooald resWt in forfeiwte of t6e �= -
<br /> ` `;�, Pe+nperty ar othe�wise materially impair the lieu createci by this Secur�ty Inshument or Lender's seeurtty ime�st.Bomawer snay ��-=—_
<br /> .. -- - =..�� c ,`f �. �cure sucb a default and rein�tate.as pravided in parag�aph 18.bY c�using ttie action or proceeding to be dismissed with a ruling ��-="°-=
<br /> : � �: . . ' drat. in L,ender's good_faith detertnination, precludes forfeiture af the Borrower's imerest in the �roperty or other material '�_�:-
<br /> �_'_ .
<br /> ,:".. � � impainnent of the lien ereated by this Security Instrument or Lender's gecurity interest. Borrower shall also be in default if �,�,;;3rv:�_
<br /> -�`°.;;;•- '•,'= Bornawer.during the loan application process.gave materially fatse or inaccurnte infornmtion or statert�ents ta i.e�er(or failed _—_ _
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<br /> :-='•` ': - to provide l.ender with any material inforn�ation)in connection with the loan evideaced by the Notc.including,but uot Iimited ��'�"`�=�
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<br /> _- � :�' -• - W,representations cancemin Barrower's of the Pro as a n residence.If this Seco' tnstrument is an a •`=`' ��'`-
<br /> S �Pa�Y P�nY P��P� MY �=r��`
<br /> : � „ leasehold. Borrower shall comply with a�l the provisions of the tease. If Borrower acquires fee title w the Property. the {F. " —
<br /> _ " leasetiotd and the fee title shall not merge unless L.ender agre�ta the merger in writing. •
<br /> ' ' , 7.Protectioa o!L,ender's Rights in the Property.If Boaower fails to perfortn tke covenanu and agreements contaiaed in �_ • �� --
<br /> � . this Security Instrument.or there is a legal pr�ceeding that may significantly affect i.ender's rights in the Property(sach as a
<br /> • � :_ proceeding in batikruptcy.pr�bate.for condemnatiun or farfeitum ar ta enforce laws or regulations).then Lender may da and �:'._�
<br /> �. - pay for whatever is necessary to protect the value of the Prapeny and l.ender's rights in the Property. Lender's actions may "�`': :�
<br /> F ; . : � '' � inctude paying aity sums secured.by a lien wt�ich hac priority aver thic Secnrity instrumem. appearing in oourt, paying `:4.
<br />_ - -- , , . , . . masonable attomeys'facs and enterin�on the Property to makc rcpain. Although lcnder may take acrion nnder this paragraph .._. �; •..
<br /> ' .. . . , _ 7.LeAder does not have to do sa. „ �\ , w. •
<br /> . . . '� Any amoun�s disbarsed by`°l.ender undcr this paragraph 7 �fiafl beenmc additianal debt of Borrower secured by this
<br /> ' . � . Security lnstnrmcnt. lJnlesa Harrower and Lc�xter agrce to ather temis af payment,these amaun�5�hall bear interest from the
<br /> ' , - • date of disbursement at the Note rate and shafl be payabte. with interest, upon notice irom I.cnder to Horrower requesting
<br /> _ , : , .. : . payment. , -'�.t.•.
<br /> -� ' 8.Mortp,a�;e InsuNt�ce.!t'Lender reyuired mortgage in.w�artee us a cunclitian af making the loan sa�urod by this Security
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<br /> :��':'` . �a , . Ins�trument. Bc�rrawcr shaU _�...;..-
<br /> . , pay the premiums rvquirvd to mainwin the mortgage intiurance in effect. If, far uny reacan. the
<br /> • . �� martgage insurance cavetase required by txnder lapses or ecases m be in effect. Boaower shall pay the prerniums requited to ,,.�
<br /> :;"�;;� "' � � obtain coverage substantially equivalent to the mortga�e insurancr previou�ly in effect,at a rnst sub�Wntially eyuivaient W the . • ��
<br /> '•- �• � � -� - cost to Borrower of thc mortgage insurance prcvi�wsly in cffech, fmm an altematc mortga�e insurcr apptiivcd by I.ender. If = - -�-_--_-
<br /> , _' • _ substantially equivalent martgage insuruncc mvc.�c is nut uvuilubtc.&�rrawer sh:�ll pay to Lcnder each month a sum equal to - . -
<br /> � • � : one-twelfth af the ypdy mortgage insur��mc�remium hcing prid by&mowcr when thc insurnncc covcrage tapxd or crawd to � .• � .
<br /> �; . be in effect.Lernter wili accept..u�und retuin thc�e p�ayrrnntc ati a I�ns reserve in licu of mortguge in�urance. L.ns tescrve
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<br /> ; � Fam 3028 8l90
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