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<br /> . • !�. �o�-Pro�4y.t�as�. �uerower ehatl iceep tLe f�vamra��wt c�tl�tiAg ar flt��er er�s�c9 on ths �
<br /> � - �sti�t-°�m�8'81f�IIfIY ai�1C!�18�5:'�_ `
<br /> -----i^^-�rnnrr�t a�`°a��°�°- . . -- - __ _ --——— —
<br /> _ - - --- Qaods or�taod3ng.fo�s'vhir8 Lt�dc:�equites insuraaoe.T�a ir�surmnoo shalt 6o maintalROd In the an�au�s� i tt�a penads. -
<br /> <, that Lend�r roqujtas.7Tic ir�surqnoe c�rrier pmvtding ttte insut�e stv�ll 6e shase��y�orrow�r�aflject to Lea�i�r's aDpravat _
<br /> - , whi�st�l1 nM Ee.uaneasonzbly sviih�td. If Baimwer falis w a�adataln m�e�ge�escribed abova.Leader may�:flt I+�!@�
<br /> — . vptlon.obta3a mver4ge to gmie�t�d�r's riglus in t�e Praperty in aconrdflnco with paragcapb 7. �; ` .
<br /> - Ali insurpnc�polic#as aud i�e,newala s6a11 ba sooepiabl�to i.et�der aiad s1�a11 lusJudc3 a standand a�ttgege ct�sse. Zaffier.
<br /> . ._• aba116ave tae sight to ho2d tbe polic�cs aad renewals..I�Len�der nqulies,Bamowes sbaU.�ro�ptlY.give to Lender all t+eoetQts'a�f . --
<br /> - - - patct P�mintas oad renswal no�as.in the ev�of toss,Boarower shaif giv`e pm�t autta�to the tnsurance carrler and Lca�er:
<br /> -�-----------� __i.eader_maXq�.pmnfaflassifnntmadapmmptlyD�fiorrower. � � � - - - - - - -- - - --- _-------
<br /> _ - - -- - -- -- -
<br /> . Unt�I.endtr and Bormwer offi�uise agcee in wrltIng.insuisase proaeeds sball 6e�aypfied ta re�totarian or repair of the
<br />�-- - �A�Y�S�if the�swratioa or repais Is 000nomicatly f�siDIe aad Lender's s�auity is aot Iessened.If tha sestorAdon or
<br /> �� repair is mt•eoanomi+�lty fea�'bte or Lender's seauity woutd be tessened.the tnsurance pmoaeds s�atl bo appfied tu tha suma
<br />=�- � seauad Ay dtis Security Insuuatent. whdher or�t then dae. arlW auy►excess pald w Bormarer. If Sormwer aband�s tIIe
<br />- Pt+apeny,or daes aot easwer witl�30 days a ontiae fmm l�ter that the insuran�e ramier�as offened m seuie a ctaim,th� �
<br /> = T�Bf t11831�00II8Ct tIIB inamannS pTO�S. l,�ader rt�y ase the prnceeds to cepatr or resoore the Property or to pay sums
<br /> s�wted by tAis Seauity Instrument,whether or aot then du�The 30day peaad arill begin wIlea the notioe is giv�.
<br /> _ . . . . .Unlesa�LEader�d�Bor�owert othenvise�e-ia writing;�anY a�►pliration�of pmceads to:piinc�pat shall-na�ext� or ----_
<br /> -_ �rostpnne Ne due date of the monthtY Payments refened co ia garagrapins 1 and 2 ar chan�e the amnant of the.P�yments- If =_. —.-.
<br /> under par�gntph 21 the Property is acquired by I�eader.Bomnwer'a right to aay insuranoe policies and proceeds�u[ting frum --_--
<br /> � :�' damage to the Pcopeny prior to the acquisitioa sball pass w Leuder to the exteat of t8e sums secured by�this Sew�ity�Instrumeat �{:�
<br />-��r immediateIy pzinr m We acquisition.
<br /> l�-��t-�"`.�`�t 1'° "'��r
<br /> •�_ ,���.,`' .�. • 6.tanvpuntiy,Pr+�evattoa,Matnteaance and Pmtectton of We P�operty;Borrower's I.aan Agpltcatton; LeasehodsL9. ti�>�---_
<br /> �:...�c.�,=... :
<br /> -���s 'aet t:� ���' , - :-".'.;¢ '�+= _
<br /> .�,'�� Boirawer sball ooa� establisA sad use the Pruperty as Eorrower s priacipaI�esidence withiu sixty days aRer the e�tecutton�of -�_�--
<br /> :z.::�.. � PY• + ����.-
<br /> � " • �~�:�"'' eflis SecurIty Inst�ument am!shall oontinue to aowpy the Pmgerty as Bosrower's principal res�detuae for at least ono yeaz eftez '��T
<br /> �"r� S���r•.;d;�y:• ��' �
<br /> _- �„'-�.��- fi:.,�:. ttte date of oowpancy.unles.s�ader offierwise agrees in writing,w6�Ch coaseat shaU not be��ably withh�Id,or uniess ;..�•,"`�_�
<br /> - ���::��'-r���.:, ext�uat[r►g �•+�,m�»ees exisE which aze beyond Borcovuet's oontrol. Borrower sl�all aot desuoy, damage or impaLr the , ` .�
<br /> _,�r�;�`%,'�rs:;�:•�; Pmperts►.allnw the Pmperty to deteriorate, or oommit waate on the Prnperty.Borrower shall he in defau[t ff any forfeiwre � `r� - -
<br /> '���, � t f ecdon or pmoaeding,whether eivi�or criminal,is begun tAat in Lender•s gooct faith�n dgment oould resuit in focfeitune of the � `� �_-
<br /> � ��� _ "z� Property or othecwise materialty ira�►air the lien created.is�+this Security Insuument or i,��er's securiry intere.st.Bort�ower may , -
<br /> _�� ;:ca�=,�;:;,r+G�� cure sucb a defautt and c�einstate,ss provided ia parag:aph IS.bY�the action or pmoae�ing to be dismi�sed with a niling �•.7'.- �°.�+�-
<br /> . � - . —
<br />-;:. '�;����. Wat, in Leudet's�od faith detemtinatio�r.��udes forfeiaae ofrdre�rmower's interest in the�Froperty or other matcrial :.=:��,�.�� --
<br /> , "s � ��['�: . impairment of tfie fiea Cteated by this Secu�itg�asuumer,�ar I�s��riry interest. 8omnw�s5all also be in default if "�'r� �= -
<br /> /�� f 4 •
<br /> � � Bomower.during the loaa application pmcess:g2ve maoea�L���et�aavrace information or st�nis to Lender(or failed ��
<br />- y; 7 1 ��I�� . - - •+.�!
<br /> p�;�{�,+� w pravIde Leader wIth any material infonna�,ea�in���:f3��t�e toan evidenced by the Note.including,butnot limited �� � : �_
<br /> ; ,�,�Fr, i .F� to,repzeseatations aonceming Borrower s o�cy of tire t?ia�erry as a priacipa(residence.If this.Sc�wriry Iastrument is on a - ,�i�
<br /> .�::,� � �,;�, l e a s e h o l d, B o c m w e r s h a l t c o m p l y w i t h a!F 't 5�p r o v i s i o n s o f t h e l e a�e: i f B o m n w e r a c q u i r e s f e�t�t e t o t h e P r o p e rt y. t h e ; ,��r +r-
<br /> _�., yt:..,,f�� _�� ,�-_
<br /> � .:>�• ;.y,y.��� leasehold and tho fee 6tle shall aot merge uate�s l.eader agrees to the met�in writing. � t r'��•._
<br /> '� � ;:h�r.�<< �� 7.Pl+ut�ction of Lendee's�ights in tlte Property.If BoTrower fails to pe�fomi the:covenari�s aad agrcemeats contaiued in ,
<br /> 'tt.yn,�<a��l�;` , . . . � - .
<br /> this Securityr Insmiment.or the�Fs a tegal ptoceeding that may significandy affect i�s�s`s rights in the Property(such as a � '�, �:'
<br /> �j�}�rF � � - �
<br /> � .� .. .���:'::c•�;,;'`r praoeediag in bankiuptcy.protra.^e,for cou��aaiIon or forfeiture or to enforce Iaws or�lations),then Lender may do�nd . .�4�:;;: .,;,..• :..
<br /> , 's` �c. pay for whacever is necessary to protect t�e c�'se of the Property and L.ender's righu in the Pm�iy. Lender's actioas tnay `��: �µ��°�
<br /> � inctude paying aay sums secured by a liea a�ich has priority over tbis Securiry Instrument. a.�-�Saaring in coutt. paying ti������r.
<br /> :, .•. h ;�. . .-_
<br />?r• .,. , • � .� reasonabla attomeys'fees and entering on the Property to make repairs.Although I.ender may take��n under this paragraph �� ,; :,':�'•h�r ,
<br /> >" `,�;;•` � . 7.Len�terdoes not have to do sa. .r,,.:s: � - • .
<br /> , ',,'�,F`�' An Y ��h 7 shall 6ecome additional debt of 6orrower secured by this t �"' ���,,
<br /> . (�,�,.,��( y amounu disbursed b Lender under ctus �
<br /> ` �t Sa' �7Rl�f�ry Instr�ment. Unless Borrower and Lnod..Pr a$r�e to other terms of payment,these amount�sitall bear interest from the . .
<br /> , �. w•:;.� ��,•r
<br /> '" � � date of d'ubuisement at the Note tate and shalt 5e ' � .
<br /> •,._..;' pa4able, with interest,upon notice fmm Lea�er to Bomower requesting • ..
<br /> ' . �:,::
<br /> , ���`;�t`�tr;' � , .� payment. ;:�;�.;,j;.�
<br /> , �?�''" 8.Mortg�e Iasvrance.If Lender req�red mortgzge i.�surance as a condidon of malcing.the loan secuied by this Security
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<br /> �•. :?;?�y<<ni,�;`,':' ItuWment. Bnrmwer shall pay t�e premi�s required to rraintain the mortgage it�urance in et'f'ec1. If. for any reason. the .:�.. � . - :; .
<br /> '��'J#�'4;"`!':-. mortgage insu�ace ooverage required by Ler,�ter lapses or ceases to be in effect,Borrower siial!Ray the pr�emiums required to '' �'
<br />_::,; i�.��c':� ± �• ,.: • a �..':.,.;,::;yC,; ,
<br /> = _....._ i ' =?•s=gi.';:�
<br /> ;, ,� o btain wvetage su bstan t i a l ly equiv a lent to t he mcntgage inss.rance previaus iy in e f fect,at a cost sn bstanti a l ly equiv a lent to t he . ��;k�,_}.
<br /> •-'�;;�i,;,r.
<br />_ •� �� cost to Borrower of the mortgage insurance prariously in effect. from an altemate mortgage insurer approved by I.ender. If � � ,.:���.;:�•�'�;.
<br />='�� i�+��:��;���. :., .. subssandally equivalent mortgage insurance coverage is noe acailable.Borrower shall pay.to L.ender each month a sum equal to � :' ;''`�`''�
<br /> ' "�+ • � , one�-twelfth of the yearly mortgage insurance premium beir�g paid by Borrower when th:insumnce coverage lapsed or ceased to • �:
<br /> t..•.. � .._> , ` _ ,.:`.� ..
<br /> _ ; 7: bo in effect.I.ender will accept,use and retain these payments as a loss reserve in lieu of mortgage insurance. Lass reserve
<br /> _ �:� . . .
<br /> '' Form 8028 8/90 �
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