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<br /> s. Elaaurd oe Prop�ty Iawnnoe. Bortawer �haU keep the lmprovanerarnJow eai�iyt���O�1�� eroct�d on ths
<br /> Praperty lnarod�aimt lau by Mc�Iwru�dr included wilhin tho term "eaterded covcr�e" �nd�ny othcr h�z+udi, includin�
<br /> fload�or flaodit�. Yor whicl:l.endar requirc�inwir�u�ce.77d� inwr�noa phdl ba rn�intai�d in tho�maunt��td for lhe pet�lo4a
<br /> tiut L.ender roqui�a.The imurancx qMer pravidin�tha irrur�nce�hall bo choian by Bamnwer subJect to l.e�tdor'��ppnovd
<br /> which�II not he uiu�sawrubly wi�hheld. If Homowe�fail�en m�tinuin coven�e dacribed�bova� Lade*m�y. u 1�e+uMr'�
<br /> � opiion,nbtain ooverage to prntect[.rndcr'�rf�hts in tho Property in a000rdu�co wilh puagnph 7.
<br /> . All inwrince policlea �nd renewalt siull ba ncaptable to Letlder�nd eh�ll include a stAndar�d mortgage clauao. Lendtr
<br /> ahall have the�ight to hold the policiea snd rcnew�l�. If l.ende�roquircs,Borrower�hail promptly givo to Lender dl roceiplt of
<br /> _ —"��.—' pid prcmiumn and rcnew�l noticea.ln tho ovemt of lo�s.Borrower Wudl�ive prumpt rwtico to tite incurance carrier und i.ender.
<br /> Leader mwy m�ke proaf ot las if not made promptly by Borrowa.
<br /> Unlesa Lender�nd Borrower othcrwiso agroe in writing,inwnnc+e pm�eeds shall be applied to restoration or nepair�f tho
<br /> properiy dam�gad,if the restoration ar repair ia oconomk�lly fe�ible and I.ender's scru�ity is not lesscnal.If thc rc,stor�tion or
<br /> - ------ rapeir is not economically fcaaible or ira�Aer's Rea�rity weuld he i�uerbd.tho inwrance proceode ahall be appliod to the euma
<br /> secured by this 3ccurity Instn�ment. whether or not then due.with any cacess p�id t�Bonower. Jf Bomower abandon�tha
<br /> property, or does ncx anewer ailhin 30 days a notke from Lender itwt the insu�►ncc carrkr has offet�ed w settle a clafm. ihen
<br /> Lender may callxt the insurana proceads. Lender mwy use thc procoeds to ne�wir or restom the Pnoperty or to pay aum�
<br /> seeural by this Securfty[�ument.whether or nat then due.Tirc 30-day pe�iad will begin when the notioe 1s given.
<br /> Unlesc Lender and�orrawer otherwise agrce in w�iting,any Applicatlon of proceeds to principad shall not oatend or
<br /> postpone the duo date oi�t�e monUily payme�ts refemed to in paragraphs 1 and 2 or change the Anau�t of the paymenta. !f
<br /> under parbgraph 21 the Pmperty is acquired by L�ender.Borrowa's dght to any insurxnoe policies and prooeeds resulting from
<br />_ - _ damage to Ihe 1'roperty Prfor to the acqruisitian nlwll pass to Lcnder w tlx extent oi the cums serurod by this Secu�fty In�uma�e
<br /> -„ - -'�'��;� immediately pr�or to thc acquisition.
<br /> J.' 6.Occupancy, PnservaHan,Maintenaace Aaa�'otectioa ot 16e Property;Borrower's Lonn AppNcs�tbn;Le�hold�.
<br /> -� Borrower shall occupy,establish.and use the Property us Borrower's principsil rcaidenae within sixty days�f7ter the execution of
<br />.�':' this Securiry Instrument end shell contua:ue to occupy tha Property as Borrower's pdncipal cesidence for at least or�e year afle�
<br />'�::`,• the date of occupancy.unless L.ender oth�nvise a$rees in wriling, which consent shell not be unreasonably wlthhe�d, or unless
<br />--,�; extenueting circumxtances exist whieh are 6eyond Borrower's cc�ntrol. Borrower shall not destroy, damage ar impair the
<br /> �• Property. allow the Praperry to detedorate, or com�iut waste on the Property. Borrower shall be in defeult if any forfeiture
<br /> n action or proceading,whether civil or crnninal, is begun tbat in Lender's good faith judgment awld result in forfeiture oi the
<br />'''`�' Property or otherwise materially impair the lien created by this Secu�ity Instrument or I.ender's securfry interest. Borrower may
<br />_� ,. cure such a dcfault and relnstate,ac provided in paragraph 18, by causing the action or proceeding to be dismiss�d with a ruling
<br /> - • that, in L.ender's good-faith determination, precludes forfeiturc of Ihe Borrower's interest +n the Property or other material
<br /> ` impairnient of the lien crcated by this Security lnstrument or I.ender's secunt}• mterest. Borrower siiaii aiso 6c iu .irfouli ii' -
<br /> •;'�ar�y Enrrower,during the laun application process,gave rnaterially false or inaccurAte infam�ation or statement:�3o Lender(or failed
<br />,__, ' ,;t�'.r}� to provide Lender with any material information)in rnnnec�lon with the loan evidenced by the Note,incladin,,, but not limited
<br />__�y� ' ,;���;; 3�,'.''�;��'.• ta,reprcsentutiong concerning Borrawer's c�ccupancy of the Pmperty as a principal reside�ce. If this Securiry Instniment is on e
<br /> ,$"5� leasehold. Horrower shull comply with nll the provisions of the lease. If Bnrrower acquires fec title to Ihe Property. the
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<br /> } :a�.�.asr,�.e:;fa�+� leasehold and the Pee title si�all not merge unless Lender agrees to�he merger in writing.
<br /> :�yy�'' �'��{���y�, 7.Protection of l.ender's Rlghts in the Pro�r,ty.If Barrower fails to perform the crnenants anJ agreements rnntnined in
<br /> `��'' this Securit Instrument,or there is a le al raceedin Ihut mu si nificuntl affect Lender's ri hts in the Pro rt (such na a
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<br /> '�„ �•*��.;t�'t4;;ar!, proceeding io bankruptcy, probate, for condemnalion or forfeiture or to enforcc luws or regulutionsl. then[.ender may dc�And
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<br />-�#b� : ..�'?��� `r����yy;�` pay for whatever is necessary to praect the vulue��f the Pmpeny and l.ender's right, in t�he �roperty. Lender'� action�: mey _
<br /> - ° �;,�, include paying any sums secured by a lien which ha+ priorit�� over this Securiry Instrument. ap�►earing in rnun, paying ___
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<br /> . .••�Jyys,,�,,.�,..,;,;�,;,;.,t: reau�nable attarney�feex nnd entering on the Proper�y io make mpuirti.Although l.ender moy tuke action u�der this paragraph `
<br /> ;= ,--;-• - 7.Lender does nat have to do so.
<br />:��. ° •.:•��• � Any nmounts disbuned by Lender under �his parugraph 7 shall become udditi�mal deM ol' Borrower secureci by this
<br /> �•-- " Serurity Instrunxnt. Unless Barrowcr und Lendrr agrec t��nthcr tcrms of payment, these iim��unt+rhull bc�r interc�t from the �:_
<br /> ' �i;_:,; : ' " � i date of disbursement at the Nae rute ond tihall be pay�ble, wi�h interes�, u�Cm natice frum Le�xler to &xrower requesting ����
<br /> � payment.
<br /> ���,~ ° , 8.Mort�age lasurance. If Lcndcr reyuire�l m�mgage inxuranre us a condition of muking Ihr I��an s�rured b�this Security =`-�
<br /> - '`' Ins�rument. BoROwer�hall puy the premiums requimd tn muiduin the m�mgage in.urancr in effect. If, for Any reuwn, the �.--
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<br /> mort�uge insurnnce coverage required by l.ender lapscs or ceatirs ai be in efli�t. B�►rruwcr+hall puy thc premiumti required�o i=
<br />- ��� • ohtuin mveruge wb.r•tunlially cquivulent N�thc mon��age insurancr �r���„�.iy in rffcct,at u ro.��ub�tantiully cyuivulenl ta the
<br />� ' �=�`' rost to Borrower of Ihe murtguge inxuruncc prc�iously in eff'ect, fri►m an ultcrnutr nxingugc in,urcr approv�tii by l.enJer. If �;_
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<br /> ' substAntially c�uivulent m��rtgugc in.rur•rnrc ra�•craL�i.nut av:�iluhlc, &irru��•cr,h•rll pay lu l.rixlrr rach month u sum cyual to
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<br /> � one-twelfth of the yearly mong•rge intiurancc praniurn heing p•rid hy Burrnwer whcn Ihc inwr•r�xc covcrage IaptirJ�►r rca�cJ to
<br /> _ � f,�,��:,�;;,�.;- be in effect. Lemkr will arrept,u�c und retuin thece Fu�vmemn us u I�►.� re+crvr in lieu ��f murlgagc in+ur•rnrc. L��.� reKrve
<br /> - •' � Form 3028 8190
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