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<br /> - 93- 10�S1g
<br /> S. Nax�rd ot Propa4y Inwraaoe. Banower �hdl kaep tha improvcment� aow exiainQ or hen�Rcr crocted an the
<br /> Prop�nY i�wurcd ayainat loss by tiro. iw7ard� included within thc temt 'extended covcrs�gc" ond rrny other ha�rde, includlnQ
<br /> tloAda or flaoding,for which L.ender requirc�insurance.Thie Insuruiee shall be mainteitxd in the amounta u�d for tha patiods
<br /> � tlwt Lender requircs. The insurance crurier providing the imwnu�ce chail be chasen by Borrower subject to L.endar'�approvW
<br /> which�11 not be unrcasonably withbeld. if Barrower PAils to maintnin cuverage descrlbed above, L.ender mrY. �t LRmlar's
<br /> aption,obtaln coverage to pratcct l.endcr'a rights in Iho Pn►perty in occordance wi�h paragraph 7.
<br /> AIl Insurancx polieies ond renew�ls shall be acceptuble to L.cnder wid shallincludc a stondurd mongage clause. I.endcr
<br /> _ ..—.,�.�-.xz,� __._ ---
<br /> Rhali havc thc right to hold thc policies and rrnew�ls. li I.ender rcquirca,Bormwer shall promptly give to Lender all receiptc of
<br /> p�id prcmiums and renewul notices.in the event of loss,Borrower siwl l Qive prornpt�x�tice to the inwr�nce c�rrier wKi Le r. _
<br /> Lender may make proof of loss iP not made promptly by Borrower.
<br /> Unless I.endcr and Borrower c�thcrwire agrce in writing. insurance pracceds shull be upplied to reslara�fan ar�pair of the
<br /> Property dameged.lf the rcstoretian or rcpair ia ocanomicully fcasiblc and Lender's securiry is not I�sened.if thc rcstoration or
<br /> _ _ _ ---—� rcp�nir is not acanomically feaxible or I.ender's secu�ity would be leaseued. the insurarre pracoeds shwll 6e Appliod to the sums
<br /> secuood by tFiis Security Instrument, whether ar not than due,wilh any excess paid to iiarrower. it Horrower abandrnw the `
<br /> Property,or does not answe�within 30 days a notice from Lrnder ihat the f�uucance carrier hes offe�ecl to settle a cittim. then
<br /> L.ender may collect the iacurance praceeds. l.ender muy use the proceeds to repair or restore the Prapeny or to pay suma
<br /> sccured by this Secur�ty Instrument.whether or not then due. The 30dAy pe�iad will bcgio when U�e noticx is given.
<br /> - Unless Lender and Borrower otherwise ag�a in writing, any application of proceeds to pdncipal shall not extend or
<br /> poatpone the due date of thc monthly paymenta referrod to in paragrapha I and 2 or chonge the amount of the peymente. If
<br /> _ under pazagnph 21 the Property is acquired by Lender,Bornower's dght to any insurance policfes and prcxeeds rewlting from
<br /> ''` damage to the Property prior to the acquiaitfon chall pass to Lender W tbe extent of the sums securod by this Security Insirument �
<br /> . � immediately prior to the acquisition.
<br />. 6.OCCp�IfltlCy�PI�'SCI'YYIIQq�11�Intenance and Pratectioa ot the Pmperiy;Borrower's Loan Applkation; I.easeholds.
<br /> Borrawer shall occupy.establish,and use the Properiy as Borroa�er's principal residence within sixty days afler the ex�cvtion of
<br /> u�it lastrument and shall rnntinue to occu the Pro rt as Borrower's nci al residence for at leasl one year afler
<br /> this Sec y PY pe Y P� P
<br /> , the daie of occupancy.unless I.ender athenvise agrees in writing. which cansent shall not be unmascx�ably withheld, ar unless
<br />;,,�' .� extenuating circumstances exist which are bayond Borrower's controL &�rrower shall not destroy, damage or impair the
<br /> ; ' ',�:j��• Properry, ullow the Prnperty to deteriorate, or cammit waste on tlie Property. Barrower sholl be in dePault if any forfeilure
<br /> . r� `���� action or praceeding, whether civil or criminul,is bcgun that in Lender's good faith judgment could result in forfeituie oi the
<br /> �':�?,k Property or othenvi�e materially impair the lien crcated by lhis Securlty Instrument or[.ender's secudly interest.f3�rrower may
<br /> ! cune such a defaul�and reinstate.as providad in paragr�ph 18.by causing the action or praceeding to be dismissed with a ruling
<br /> that, in I.ender's ga�d faith determination, precludes forfeiture of the BorroH•er's interest in Ihe Propeny or othar mate�ial
<br /> -{,, impaim�ent of the lien created by this Security Ins�rument or l.endar's security ioterest. BoROwer sha11 also be in defauit if
<br /> � �'�;ie:�:�i'-���.. Borrower,duri�g the loan application process,gnve mnterially false nr inaccurute informutian or statements lo l,ender tor failec7
<br /> ' � `7a;:;�':,.,1 ...
<br /> r,�Ja;.r��;.:.�;:.,_, to provide Lender with any material information)in connection wit8 the loan evidenced by�he Nate,including,but not limited
<br />--.�` ,, �,�.$,'���',;;;_r., to,representations conceming Borrower's occupnncy of the Praperty as a principal residence. If this Serurity Instrumem is on a
<br /> r +���:'•��.�-�•° ' leasehold, Borrowcr shall comply with ull th� provisions of the lease. If Borrower acquires fee title to the Propeny, the
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<br /> �f�'i�::;:,-.� :,•:.'.-:. . Icasehold and the fce title shall not merge unless Lender agrees to the mcrgcr in writing.
<br /> " "�'''� ���� 7.ProtecNan ot I.ender's Ri hts In thc Pro rt If Borrowcr Puils to rfortn the rnvenants und u reemcnts wntained in
<br /> � .•:�r.Y��•;;•:;� :,,;�,,,;, R pe Y• P� P
<br /> '� ;:���r�:.:;4�,_s;;r�?• thix Sxu�ty Instniment,or thcre is a Iegul prceceding thul muy �ignificantly affect I.ender's rights in the Prc�perty lsuch as a __
<br /> ,(� proceeding in bunkn�ptcy,probnte, i'or condemnnu�m ar farfciturc ar to enforce laws or regulutions►, then Lcnder mAy do and -
<br /> - ""''�� ' � for whatever is necessa to rotect the vuluc of Ihe Pru rt and l.cnder's ri hls in the Pro rt I.ender's actions ma
<br />- u_..,�. ;� •' . ; paY rY P Pe Y S Pe Y• Y
<br /> ��«G:..:; ..�x��:
<br /> � 4•., .. • include paying any sums secu�ed by u Ikn which huti priority over this Security Intitrument, uppraring in court, puying �_
<br /> " ��`� '�" " reasanable Auomey+fces And entcring on thc Pmperty tc►make repvir�.Although I.ender may take action under this puragraph v
<br /> _- ".."; M. 7.l..ender dues nut I�avr w do sa. -
<br /> •• �:���`''+'�`'~'�-� Any amounts disbu�cl by I.ender under this paraFruph 7 xhull becom�: uJditi��nul debt of Borrower secured by this =
<br /> ." F�`F;,"' � ,�'�? Security Ins�rument. Unless Borrower und Lxnde�s�grce w nthcr temi,ol'payment, thcsc amount�; shall bcar interest from the �
<br /> ' ' � dote of disbursement at the Nde rate�nd .rhull t►e payrble, wilh interest, upon notice i'mm l.ender to &►rmwcr requesting F
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<br /> .��.��;'!,;it•'�"�... WYment. �__..
<br /> "" ���'a;::. J. S.MortgaRe Insurance.If LenJer rcqui�cd mortgugc insuran��e a�•r rimditi�m uf muking thc luan secured hy this Securiry .�.
<br /> .. ,�+;��:�;�;�''�• . ' �-.
<br /> ,�,..i;.�, 3�,� Instrument, Borrower shall puy dk prcmiums rcyuireJ �n muintain the mnrtguge insurance in cl'fect. If, for any rensan, the
<br /> r ' „ ° mortgage insurancc rnvcrrge requimJ by I.cnder lapsc+��r re:isc. ta bc in eif��t,&►rroH•er.hall pay the premiums required to �'
<br /> --= , obtain rnvcrage subuantiully equivnlent a�thc moriguge intiuruncc prcrinusly in effcrt. •rt a rint.ub.tantially cyuivulcM tu the --
<br /> '�� ' � . � cust to Borrower of lhe mortguge in+urunce previously in et'titi�. Ir�im un ahernute nwrt�uge in�uirr approveJ by l.ender. If n
<br /> . .�• i•k-::.;� " „1, .. _
<br /> �� , suhr,tantially cyuivulent monguge inwranrc rovrragc i,ni�t •r��ailublc, &►rrou�er ,hall pay tu Lender wch nxmth u sum cquul to
<br />_ one-twelfth of the ycvrly mimgage insurunre prcmium tking paiJ by B��rr��u•cr when Ihr imurance ra�•cruFe lup+cY1�ir cea.u�1 to �,
<br /> .. . � be in effect.Lender will arcept.usc und retain 1hc+r puy�ment�a� a Im, rrscrvc in liru ot' mangage insurunce. l.otiti reserve —
<br /> - - Fam 3028 918D �
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