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<br /> a. Huaid or prrpMyy I�ut�aa. Borrowor�hdl koep �hr. lmpravemento nuw oxlaln��'�e�ll���a�on the
<br /> PropertY fnwrod�In�t low by ilro, hrzanb i�xludod wl�hin the tenn "ea�erxlod ruver�o'�nd rny otf�r h�zard�. iacludiqy
<br /> fluodc or floodinp, fcr whkh I.caf�royulrc�invurance. This in�uroncc clwll be mrintaina! in�ho wnountr and for th¢pedodt
<br /> tiwt l.ender roquirati.The In�uran�Y cwrria�pmvidloa�he Inwrance slwll bc clx►xen hy Borrower wbject to Le�der's wppravd
<br /> which rhull not be unrc.acorwbly wi�hheld. Ii 8orrowrr Paii�to mrint�in covcr�yc ik�c�lbod obova, L,ender mry, nt [.ader's
<br /> op�ion,ubtain caveraye to prdect Lendcr'c dght�in the Property in accordancc wi�h portign�ph 7.
<br /> All iiuuranco policies wid rcnew�ls shrll be Aoceptpble to L.ender�nd ctwll include a rundard moRgage elwse. Lender
<br /> ..;_• ahull huve the ri�ht to hold thc policies and rcnewals.If l.ender roquircs,Borrower r.fwll promptiy givc to Lendcr all roceiptr of
<br /> ; paid prcmiums aM renewel notioes.ln iha event of loss. Borrower cfwll�ivo prompt notia to�he insuran��e canier and l.ender.
<br /> l.ender may make pr+oof of loss if�at mada promptly by Borrower.
<br /> i Unlesa l.ender and Bormwer otharwise ogree ln writing, insurence praceeds shall be applied to restoration or repalr of the
<br /> Property danwged,it the restoration or repstiir is ocanomicelly fe9sible and Lender'e security is not lessened.If the restoration or
<br /> „;; r . repair Is not economlcalty feasiblo or Lender's saurity would be lessened.the iruurance procaeds�hall be applied to the sums
<br /> secured by this Security Instn�ment, whother or not then due. with any excess paid to Borrower. If Borrower ab�ndoas 1he
<br /> —'�"r`�`'"� Properly.or does not a�swer within 30 days a notice from l.ender that the insurw�ce carrier has affered ta senle a claim, then
<br /> s`s.�� s. Lendcr ma use the roceeds to r ar restora the Pro n or ta y sums
<br /> i.ender ma coilect �he insurence rncced P� Y Pa
<br /> 3 P Y
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<br /> '••��' �' � --''�•� socured by this Securiry Instrument.whether ar not then due.The 30-day periad will begfn when thc notice is given.
<br /> ,,;, ;<.:s,ui';;s:Y Unless I.en�ler and Borrower othorwise agree in writing, any application of procoe�is to principal shall not extend or
<br /> '' � ' �,'""� •"'�+��:t��� ,; postpone the due da�e oi the monthly payments refeRed to in paragrnphs 1 and 2 or change tha wnount af the paymenu. If
<br /> � �. � under paragraph 21 the PropeAy is acquircd by Lende�,Borrower's right to any insurance policies and prac�ls resulting from
<br /> - ,��'�:- .::'-: �� damage tn the Praperry prior to the acquieition shall pass to l.ender to the extent of the sums saured by this Secudry Instrumant
<br /> -w� _ _.
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<br /> S "��� immediately prior to the Acyuisition.
<br /> �.a.�� 1.:.,`,.°. ,. `;.:}, •:;,� 6.Occupaacy, Preservadon�MAlntenance and Protection oi the PropertY;Bamnwer's Loan AppUcAtloni IRasehdds.
<br /> ;;":`;"• '. �� :;4�;'�_ Borrower shall occu establish,and use the Pr rt as Borrower's rinci residence within sixt da s afler the execution of
<br /> t• ¢,r PY• � Y P P� Y Y
<br /> "�" ��.,, �L���° t, .;•:�: thia Security Instrument and shall continue to occupy the Propetty as Borrower's princi p a l resi dence far at least ane year a h er
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<br /> 7r • ��'��'; �''�' � the date of accupancy, unless I.ender otherwise agrees in writing, which consent ahall�ot be unreasanubly wilhheld, or unless
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<br /> � r�;��r�,,��`�,,.��y!�,,i��� estenuating aircumatances exist whioh ane beyond Horrower's control. Borrower 6ha11 not destroy, damage or impair the
<br /> .:;,.; „ ;.. �,:••„•:�.sr Property. allow the Property to deteriorute,or commit waste on tfie Propeny. Bormwer shall t+e in default if any farf'eiture
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<br /> -��~• ' �•.�' .�;�sr:°;:'•. ��j� action or proceeding,wtiether civil ar criminal, is begun that in I.ender's goai faith judgmenl could result In forfeiture of the
<br /> !�`s'�•" � i';�';���?��'"����`��'`'"` Pro rt ar atherwise materiully im air tha lien created b this Securi (nstrument ar l.ender's securit interest.Harrower me �
<br /> ..a{• . �.�;�i;tb; �t�r;if.;�.s.l:rlxt pe Y P Y �Y Y Y
<br /> �,��•�,•.?•�:;�� � :.' :'f cure such a default and reinstate,as providad in peragraph 18,by cauain�the action or procceding to be dismissed with a ruling
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<br /> __ ''�"r� ••�'��' that, in Lender's ec�nd G�ith determinAtion, precludes farfeiture of the Barrawer's interest in the Propeny or other material
<br /> ' �' �"�''•`, impairment of the lien created by this Security Inxtrument ar l.ender'. tcecu�fty interest. BoROwer sh311 also be in default if
<br /> Borrowe�,during�he loan upplicAtion process,gave muteriully fulsc or iru+ccurate infomuNion or statements to[.ender(or failed
<br /> ' ' , to provide[.ender wiih uny material inf�rmulfon)ln connection with the loan evidenced by the N�xe, including,but nol limited
<br /> � o• • � to,representations conceming BoROwer's uavpuncy af the Propeny ur u princip•rl rc�iden�e.If this Security Instrument is un u
<br /> ' � Ieusehold, Borrowc�shall camply wi�b uU �he provi�ion+ ��f �he leure. If &►rniwer acquires fee title to 1he Propeny, the
<br /> ' leasehold und thc fec tidc shall nut mcrgc unlo►.I.cndcr ugrcc�u►thc mergcr in wriling.
<br /> ° � 7.Protcctlon ot I.cnder's RiRhIK in tha Pmperly.11'&►rrowcr 1'uilti to perfi�m�ihc awenan�s und ogrecmcntti conwinad in
<br /> ° Ihis S��curi�y Instrument.��r tlMrc i.u lagul prcx�titiiing 1hu1 m�y .ipnitirandy nffMt l.cndcr'�ri�hh in thc Property Iwch a.o ••��
<br /> 'k „ ' "" " proceeding in bankruptcy, prnh��e, f�►r rundemnatian i►r forfciwre��r�u enfi�rrr luw s nr ngula�ioml, then I.ender muy do and
<br /> :�'�, : . ° puy for whu�evcr i� ner�wwry tu pr��l�t� tho vuluc af Ihr Pru�xny unJ l.cndcr'+ri�ht� in thc Propr.rty. Lendcr'��tionti may
<br /> . incluJc paying any +um� Ktiun�l hy u liun which hu+ priuriry ovcr �biti 5�tiurity Im�run�cn�, •rppc�►ring in cuun, puying
<br /> �� � � , reav�nuble•ruorney�'f��c�arul cntrring on the Pmpeny t�i nwkc rrpuir.. Al�lxwgh I.�n�let nwy�uke�tion uncicr this paregraph
<br /> � . 7, l.enJcr d�►�+rxn h�vc u�du+�i. •'
<br /> , ,. , ' • Any arn�wnt.r di,Bury..�l hy Lrndcr under Ihi� paruFraph 7 .hull inronk ;�l�iitiorwl deb� of &irniwer .ecured by this
<br /> " • Sccu�ity Im�rur►�nt. Unlc�+ &►rr�»�•cr urxl Lcndcr agrec to athcr ternir i�f pa�mcm, ihe.c anmuntti,hull bear intercst from the
<br /> � date of disburxcrnent at �hc Notc rute •rn�t �hall tn payablc, with inter��l, up�m naNicc fn�m Lccder to Barmwer requesting -
<br /> � puyment.
<br /> �. 8.M1tortRaRe Incurance.It'l.c�ufrr rcyuir��l munEuge in+uranrc u+u ronclition ad'm:Jcing thr lo•rn sccurtrl by this Serurity
<br /> , .. Instrument. Born►wer ,Iwll pry �hc pn:miuni� rcquired to mainwin die m��ng�gc i n,uranrc in effcrt. It', for any rcuwn, the
<br /> � numgage inwranrr �Ywer�gc Ryuir��f hy Lendcr lapxr ar rca.e.tu t►e in cffect.B��rmaer +hal! puy Ih�pnmiums rcyuircd ta �'-�
<br /> � " , ot+win awer�ge.ubuantia0y eyuiv;�lent t�►thr nHmgaFc imu►unre prrciau,l� in efl'ect, ai a cotil ,ubtitantially rqui�•alrnt to the
<br /> � �.' • • cu�t tn Bormwer ot'thc nH�nguge in�unmce pn��iou+ly in rffiYl, from an aUcrnai� mangagc in,urcr appr��ved by Lender. If ���
<br /> ?� �ub+tantially eyuivalent murlg•rge in.urunit c�n•rrag�i�nat a�•ailahle, &irraHrr�h•rl 1 pay ta !.ender each mumh a,um cyual �o
<br /> � � one-twclflh of�hc ycarly m�.n�agc in.urumr premium hrinp paiJ M &�rmwrr��h.n thr imuran�r co�•cragr lap�cd i�r rcased to
<br /> t , �., be in cffecl. l.ender will arccpt,u.c und retain thc,c paynxnh u+ u lox� rc+cn�in 1 ieu of mnngagr intiuruncc. la�x. re�ervc ,-
<br /> �,« . Form 3Q28 9�90 �.
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