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<br />»�-------- . _ S.`ea�+�us Progerty I�aac+��oaoc�rer snuu tcetp t�e ;mpravemeats noc�►cisisdn�or�ere�r:e�stea on tLa � ` . _
<br />- - - � . P�+ri�eity inst:red�gainst[asa 0y fice.hszacds inctuded wIWin tb�e term'�eud�cY►vesage°and anyr.ot�r l�a�1s..iscAfding �.. � . _
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<br /> — --__� tIuods ar ttaadia$.for whtch t��r ra4uires_iac�anee.'�Yus insurenfle saalE Qe naaiatr�u�d ia t�e.auiuuut�endyfor the�eaiads_T
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<br /> - = � Wat�-ar�.'I$e 1n3t1t8II�E�ettiQ piflYl�g�B inemm�m 6�811 DB ChOSCU�y�1YOWCt Sll�jOCt t0-�CL`S epp- PQ1(�
<br /> which s�aD not Do anreasonuDly witt�hetd.If BornoweT faiis to maia'tain cuver�ge dessribod abnee,Lende�'may.st Len�ea's ,
<br />- opaon.obtain oover�e'to psotect Lender'�nghb in thc Prc►perty in ac�aosdauce witH paregrapB 7. �
<br /> All ia�uauce potictes�td r�ewals•shaU�e aaoeptaDte to Lender aad snall inchtde a standard murt�a�ge clsusB.�l.ender --
<br /> ' shalt dave 4he sight to hoid the poticIes aud r�newats:If Leuder requires.Borrovr�r st�all ptomptty gtve ta Leades aIt reoeipts af � � _�
<br /> . °• patd premiums aad renewal aotIces.'In tke event of toss,Earmnrer s5all give pmmpt noiice ta the iasuran�e canier aad I�der:
<br /> ��������c. Leude"r may maka Fmof o�foss if not�ade prnmptly by Bomcswea: _ - - - - " -: � � -- -- -
<br /> � :� . . -_ --
<br /> �,�"�:y . _ Unless Lender and Borrower ut�etwise sgrere�in wridng,inci�ranee p�o0eds Sh�il be appil�[o ti2SMt8tioII Ot[epsis Of tAe .
<br /> �� �:� ,���i: Pcupert3►damaSed.if the reuoration ar repair is eoonomicaliy feasi6ie snd I.eader's secnrity is aot tesse�il.If the�sWistion ur - -�-
<br /> ;;_,--, s �- � ,. ,� r u not eooaomicalt feasible or Leeder's arouId be 2essened the ims�uaace rQOae�sLafI De
<br /> �,. r: � Y � . P BPPiied to the sams —_.
<br /> ���s�:�Y�: ,; :' :'t secwed by this Security Ia�aument.whet�er or not @ien due,wit�any excess paid to Bomawes If Somower abandons tbe
<br />- ��:.-::,�-;�,�; Property,or dces not answer within 30 days a aot�oe from Lendes tltat tae iasuranoe carrier�s offered to s�tte a claim.then
<br />� - ��..�-.,_.��'� Leader may colIect We iasurauoe pt�ooeeds. Le�tder msy use dve proceeds to repair or mswm ttu��inpe�ty or tn pay snms —
<br />��."-ti:''�',;`��':�'�'� sewred by this Seauity I�trument.wh ----
<br /> `.,���Y._. ����. , ether or not thea due.7Le 3QtL3y��iod wil!begia when th�z�ice es given. _
<br /> `=::w,-.�::���.�:,--. Unless l.endec and 8orrower otheiwise agree ia writing, any apgli�atioa of prooeeds m priaeiga!shall not eatend or �
<br />�_`-.�.�'°�;�<<-��'''°'��' � postlwae the_due date of the mnnthly ga�ts ceferred to in paragraphs L and 2 or chang�the amnuat of the Paymenrs- If =
<br /> '�,`z..,`.� • '�'� under h 2i the Pro is I.ender.Horrawer's ri t to an ins�ugnte liates ea� mce�ds from °-
<br />—�;:���::::•: ��= P��P P�Y �9�bY Sb Y Po P � °�==r=�-,--�
<br />--��``:�`. .' �-.- �• ,.- damage to tne Property prior to the aa�uisition shall pass to Lender to d�r extent of tLe sums seai�6y this 5ecurity InstivmenE —
<br /> —�:- . �_,�.:�:.�,. ,4� t �-
<br />_—����� ° �� immediatefy paortotheacqoisition. � ���=.
<br /> '� �''z _ s" .: 6.Oewpaacy,Preservation,Maintenaaoe and PcuLect�on of tRe ProPeriY:$orro�rei's I�asi�i�ficet[oa;Iieasehotds.
<br /> ,�,��.� -
<br /> :; � '� . Batmwer shati ooatpy.establisb.and use tbe Pmperty as Borrower's principal rcgtdeace within�r d�ys after the executioa of �,,
<br /> ``- tti�.Security Insaumeat and shait oontinue to oowpy the Pcoperty as Bormwer's priucipa!�ide�ioe�ir at Ieast mae year at�r
<br /> ��.� t__ �,r:---
<br /> — `.:,=���},:,�:. the date of oocupancy,unlesss Leader otheta�es�a�mes in writiag,�which consent sLall aot be unr�aDly aritnheld,or nnless =-=----
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<br /> —� .r::� `;V:�`�::;<�;$= extenuating circaa�nces exisi which at+�f�}�nd Eorrower's ooanol. Bomuwer ahall ant d��damage vr inapair the �___
<br /> ,.��^;';;�^�<;_���n��n; Property.allow the Ptopee�ty tv deteriordte;a�caommit wagte oa the Propaty. Bormwer shalf Is�ag iiefault if auy forfieiwre . `�_-
<br /> :r�`, ;`; aaion or proc�eediag,whetheravil or criminal,is 6egun that�n IBnder's gaod fa�th jud�ment coutd r�;ult in forfeitune of the �`�'�-
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<br /> ' .�,`K"�'t z�' F[operty oT O1he•iwlSe mate»8Ay impali the He�l C[e3ted by�hls SeNiity IIISWmeII[oL E��dCt's secvrity inoere.w.Bomnarer may �"`'�"- -
<br />� 'l�" �`` .Y�.� cuze suc6 a defau{ca�td reinstate,as provIded in paragrapb 18,by cau.sing ttie actioavr�iviceeding to be dismissed with a niling ----_-
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<br /> :�,;� � • ::t. that,in Leader'�p�uad faith detertnination,precludes forfeittue af the Batrawer'�ii.�rest in ttte Pcopeny or other materia! ---_-
<br /> ;��J`` .. impaim►�nt of the lien creatod by this Searity rn��*r+�t or Lender's security iatem�.�o�rower slmU also be in defaWt if -----_
<br />�`: €� �4' Borrower,during the toan applicatio»pmcess,gave materialIy false or inac�vrate infaanatinn or statements to Lender(or fai2ed ��,R_
<br /> �•• '��,: ''� to mvide Lender with an material infora�ation)in oonnection with the toan evidertse� � ..t3ie.Note,incladin .but not limited �'�
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<br />-�:: . :.�':;:;,_;-'�'•:�:;::`� . to.repmsentations oonceming Bomower's accupancy of the Property as a principai nesiderxe. If dtis�cvriry Inmument is on a — —_
<br /> . ��:- • --
<br />_ - •'?' •� '�F" � teaseho[d, Bomn�er shall eompty with a!!tke provisions of the lease. If 8omawer acquires fee atta to the Pc�operty, We �����.�==�.
<br /> ~� 7� ?��� ��T leasehold and the fes tide shall not merge urae4 Cender agrees to the mcrger in writing. , ti�� _
<br /> �•. '? 7.Frote�t[on of I.endet's Aio�hr�c tn the�ko�rty.If Bnsrnwer fails to perform the covenanis and agieements oontsined in �;��
<br /> �.,,.,, ;:;.� .
<br />- '•ti., . : .' � `: this Securi InstNment, or there is a t a! roceedin tfiat ma si ficandy affect Lender's ri ts iu tlie '�h 4;�;-
<br /> � : . �i tY eB P s Y 8� Bt► Pr�el'tY(sucb as a ;�t;._,:.,,;
<br /> �':�;�;����'�� ' ' prncePding in banktuptcy.pro6ate. for wndemnation or forfeiture or to enforce taws or regulations).then I.ender may do aad �•�??;;�':�!�°�-
<br /> �:`•;_';;:'�. _:��;`"`. � pay for whatever is neoessary to protect the value of the Property and Lender's rig6ts in the Property. Lender's actions may ` `��='�_
<br /> ..:. � =-
<br /> `y '< , include paying any sums secured by a iien wbich has prioriry over this Security lnstrument. appearing in court. paylag . .
<br /> �`' ��
<br /> ' ' - � � reasonable attomeys'fees and entering on the Property to malce repairs.Although Lender may tatce action under this paiagraph ``.�•s�,t�;������
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<br /> 7,i�der does not have to do so. .::;k��t4,�;�,�:;��-
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<br /> � � Any amounts disbursed by Lender under this paragraph 7 shall become additional debt of Borrower se�vred by this : '};;•:,ay��; *���_--
<br />- f�,�:;,��; � . . . - Sanuiry Instnrment. Unless Borrower and Lertder agrec to other tertns of payment,these aataunts shall bear intecest from tl�e � � •��''`�`����'_'==
<br /> :: �:-
<br /> �; date oF disbursement at the Note rate and shaJl be payable. with interest. upon notice from Lender tu Borrower requesdng .,,,;;`'��` ';�'�� ;
<br /> �, c 4•:� ,a payment. � :�_.e,�.��;{'. „_�,s'Yl
<br /> `�":?'.:;�;'�';<i� : . 8.Mo _�;�.;,t,��. ;� � . ..�,.
<br /> : `..._�,.:�,•.:1., : • rtgage Iasurance.If Lender required mortgage insurence as a condition af making the loan secured by this Security `?'::�:`�E�+,�"• �rj��!Y:.-_
<br /> � �' �,.i�t y��'�e. ,� Insuument. Horrower sh�ll pay che premiums required to maintain the mortgage insurance in effect. lf, for any reason. the •"'`;`.• • x' ;
<br /> : ;;�;,;:':;;'s;:`r:�`:��� ���• mort e insurance rnvera e =�;`i�:.�+� . .,,�:;.;��.: �
<br /> _: ;. 4, ,: gag g required by I..ender lapses or ceases to b�in effert.Borrower shall pay the premiums requi�d W •.,._. R••.;;.
<br /> :.V �,:'•'�;•�'-�•.; • ° ::� obiain coverage s�>E�stantially equivalent to the mortgage insarance previously in effect.at a cost substantially equivalent to the ' �`"'•4��� `
<br />-';� i•;:-: ';��<.�s;. �;. ."�=,`; cost to Bomower of tfie mort :°�� � � ."�'��_�
<br /> : `r�., �ge insurance previously in effect. from an altemate martgage insarer approved by Lender. If , ,
<br /> .� ',�g ;f}���wt ' �•� satsssantiaUy equivalent mortgage insurance coverage is not available.Sorrower shall Qay to Lender each month a suat equal to � `:,,�`:
<br /> c::•-•.'�°•`,��;;��;,�s.'`f; . : arre-t�elfth of t�e yearly mortgage inst►rancepremium being paid by Borrower when t�cnsurance coverage lapsed ur ceased W ��'��i���;� � .,• .
<br /> . ;:. ,.• i ae b�effect. 4nderwill accept.use and retain these payments as a loss reserve in lieec of rnortgage insutaitce. Loss teserve ' • .`�'v �
<br /> i• �!'` , •. . ,'�; ' Fo�m3028 9190 ' , '�;�'
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