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<br />�-- -- .: g, �cr Pt+o�g tas�.u�ne�se. Bonower s�a1[ tceep the impr�vem�ntg now existing or�e�+ect�d oh tfle = __ --- - -----
<br />-------_ -- $�_�tv inc.,�1�9in.ct.�MO t,�fi��3 inclttdeil�vldrin thGTtemu'eatend8d mv�ne+��end_ant�nthet ha�_3ncI�'tding--_�, _ ,._ ._ _
<br /> — -_- _ , ttaods dr ttooding,for wtuch i.eacder�c�ui�s insuranoe.'I�is ias�iiance stiall be tnaintained In the a�unts and for the period� ,
<br /> `— -- � that Lsadrs�equir�s.TQe insusaaoo&arrIer pmvidin$t�e insuianee shalt�e chosen by BorrowEr sn�jea ta Lend�r's apgrovat :
<br /> - ---- whi�b shalf aat be ua�asonabty wttiil�td. If Bormwer fa11s to a�ainta[n ooverage desccibed aba�re,Lender tnay. at 1�cades's .
<br /> _ — � opiEan.obtaia aoverage to protect Lende�'s rig[its ia the Pmpe�ty in aorordamAe aith paragzuph�.; :
<br /> AD insuraaoe poftctes a�r+enewats st�all be�taDle to laader ead stmll inciu�e a stanQasd anortgage dause. l.eader =—__--
<br />�s s�afD have the�ight to ho2d the polictes and renewaIs.If t8nder requtres.Barmwer s�all PromPdY�ive to Lead�a11 re�eipts of � __---
<br />- �- patd premiurr�and renawa!notices.In tlte evedf of toss,Borrower shali give prompt notice ta the insnraace caifIei sud.LeRder. -_ ----
<br /> -_;� _ - -1aa�et ivag makapicsof of lo�if not_madspmmptly by Bor�owe�_ � ` _ �'�,�.*•� - .
<br /> �<. Unie�s I,ead�.anA Bonower othernrlse ag�ee in writing,iasurance pmceeds shali be applied�o r�,-toratcoa ar�pair of the
<br />-� .�;,;� pmperiy damagecl,if the t+estoistion or r�pair is eoonomically fea�'b!e and Leader's sea�ity is not[esseaed.If tha restoratioa or �����T.
<br /> wt�f�•r.-_-*'==
<br />_;� - mmpaair is not eoonoa8ca1Jy feaslble o=I.eader's seattiry would be tesseaed,the insurance pmeeeds shali be appHed to the sums .�: .�.��1'.:�.�a�. -
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<br />- �socarad by tbis Sean�ity Iashv�n� whettier os aot thea due.wiW an exaess aid to Bomuwer. If$orcower abandons tDe ��'-i�:-:-n��'����':
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<br />- Property,os does nflt answ�r adthin 3�dags a notioe fmm Lender that the ins�uanee c�trier tras offered to setde a ciaim.ttuu t�'`0':�''�`=
<br /> ._ �w.` .
<br /> > � = ' = Lender may oQllect the insuranae pmeeeds. Le�Wer may use the pmoeeds to r+epair or resto�the Property or to pay snms ;>_ '�,=:
<br /> <:ct. :.,,F.0 ....�(y�.��.
<br /> - � �-�'"�` `'4 secuiod by this Secvrity L�strument.waetber or not then due.lhe 30day peiead will begin when the notice is gi'ven. :� : . ::
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<br />-- ,sr �:. Unless Leader and�Bomnwec othetwise egree ia writing.a�+ application of pmaeec)s to principal shaq aot extead or �`' � ."�`. � �`�'`
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<br /> •�-:;��� s �-, postpoae the due date of the moNhlY PaYmerts referred to in paiagrap5s i aad 2.or dr�rr�e tUe amount of tAe payments. If ,: �.;�„
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<br /> �- under paragraph 21 the Property is acquired by Lender,Borcower's right w any insuraace policies and pmceads�vlting fmm ��••:{. . _: �.�`':<`:,
<br /> - '`�- damage w the Pmperty prior m the acquisItion shall pass to I ender to the extent of the sums securad by this Seauiry Iasuutaent ��`�°���
<br /> � > _ _
<br /> � "` immediately prior ta t6e soquisition. :. : . , : �"" F-��
<br /> -�i- '` � 6.Oo�Pancg,Ptss�va![on,MsLitetanoe and Frutec�ors uf t�e P�+nperty;Bort+o�r�'s I.oan AppliraHon, �..�tn►aa_ '..:..o: I �
<br />�` y* Bormwer ssalt aeaapy.�mblis6,aad use the Progefty s�Bor�w�er's princlpal residen��sixty days-pfter the�ceea�ion of _',xF:� .�:, :
<br /> ' . �` this Security Instrnm�t and st�aU oontinue to a�y the Prapet�y as Soaower's principai residenc�f��:�t least one year aRer . ,�,�b =
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<br /> _�J °' y� t h e d a t e o f oaatpancy,u n less L�n der o t h eiwise agrees in wri ti ng, w h ic h rn a s e a t s h a l t aot be unreas�aaTii y whbheI d,or untess • � __
<br /> �..� �, ..;;��• ,:: . . . �.�:.__
<br /> _ , extenuating cim►mstances exist which aze beyond Bormwer's control. Bormwer shall nat destroy, damage or uupair the �;r�:` ; .;.�-
<br /> ;;._ t�4;�. Property.allow the Propetty to deteriorate. or commit waste on the Pmperty. Botmwer shall be in default if riny fodeiture ;;.;�.. �� ��•:
<br /> �:�-. aaron or pmaeeding,whe.�e�r avil or criminal.is begun that in i.euder's gnvd fait6 judgmeut ooWd result in forfeiture of the ��'� � , a4�
<br /> . . ��. ,� �:�.--
<br /> � Pmperty or othetwise mateiially impair the lien created by this Security Ta.st�tv�ent or l.ender s secvrIty interest.Bomnwer may .:-`�,:�' :•. ';��__
<br /> -- '' • _ . � cure such a default affi neinstate.as pmvidad in paragraph 18.by causing tPie action or proceeding to be dismissed with a mling � •`'�`;'`;:.�,��:::
<br /> _� , � ":��t:� .:`.••«•� t��
<br /> ��` tdat.in Lender's goad faith detemunation, pieciudes forFeiAU�e of the Borrower's intec�st in the Propeity or other material ` '-`=-�-
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<br /> i t of the lien c�ted b this Securi Inswment�r.�-�der's securi �ntemst: Borrower shall also be.in�ieiault if �.,-`,`.i ���<<F� .��:=
<br /> --� �a . �o Y tY �Y � .���
<br /> : Bo�-ec,during the toan applicarion prucess,gave roateriai�y�4se or inaocurate infotmation or statements to Leadec(Qr failed ,�,�#�.,� � ; ,�i_�
<br /> � � � - to rovide Lender with an material infonnation)in sonnection with the tgair evidenced b the Note,ir�cludin ,but aot iunited ' " "'�� ••'� :�-�
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<br /> - to.represeittations coneeming Borrower's a�j of the Property as a prcac3pal residence.If this Secxuit�+Iactnunent is on a :
<br /> _ leasehoId. Borrowec shall comply witD al! the panvisions of t6e lease. If Eorrower acquines f�title to the Property. the �� ", .�;;.�
<br /> - { , . . :,'f�,:�•. �.•. . .
<br /> _ , � Ieasehold and thc fee tide shali nat merge unless I.ender agces co the merger!n writing. ;.�4; _ �
<br /> f,:_ .; ` 7.Protectlon of Lender's Rights in the Pmperty.If Borrower fails to perfomu tRe covenants and agneemeats cantained in '`'�.L , ,
<br /> r' such as a � t;
<br /> • ' °� ` this Security Instwnenl. or there is a legal proceeding that may s�gnifieantly affect Lende s nghu in the Property(
<br /> �: " ' � ' proceeding in bankruptcy.probate,for candemnauon or fodeiture ar to enforce laws or regulations).then l.ender may do and •� y.��`�
<br /> `< � ` U�� ;l pay for whatever is necessary to protect the vatae of the Property and I.ender's rights in the Property. Leader's actions may �� � -_
<br /> • #:,:� . .. ' include paying eny sums sec�red by a lien which has priority over this Seriuity Instrument, appearing in cawt, paying " . : . .`:
<br /> . reasoaable attomeys'fees and entering on the Propeny to make repairs.Atthough l.ender may take action under this pac�grnph
<br /> � ; . - � '. '. ' 7.l�er daes not have to do so. . �:�:.�
<br />- ' • � amounts disbu�sed b Lender under this ara raph 7 shall trecame additionat debt of Berrowes secured D this � � ' � •••t�i::�;=
<br /> { . ;�*sY Y p 8 Y :•��;<:�_
<br /> � Secuc`.cg•Inshument. Urttess Borrower and Lender a ree to other tem�s o£ rrent. these amounts sttaft Isear inter+est from the ; ;��"t,�`-�``.°
<br /> � . . '. 8 ��i• a}�,'°.';
<br /> ,.,;•, daoe eE disbursement at the Note rate and shall be payable. with interat. a�a:r aocice fznm Lertd�ro Borrower requesting ' :`:�;�{�., -:,, . �`.�"';
<br /> :;�t�� �.
<br /> :,.�F., . paymc�t.• �
<br /> ''`.� , S.Mortgage Insutance.If Leader required martgage insurance as a ca.r�frz�sre of ar�.lcsrg the loan secured by this Security ` :=
<br />_' - . • . instrument, Borrowet shall pay the premiums required to maintain the�ct�age insurance in effect. if. for any reason. the .� `• :
<br /> : �;,.•, , mortgage insuranee caa�-erage required by Lender lapses or ceases to be in effect.Borrower sha11 pay the premiums required to , . .
<br /> - ` � ,. . � ,,, obtain coverage substantially equivalent to the martgage insurance previously in effect,at a cost subst3citially equivaleat to the • '` - .
<br /> � � cost to Borrower of the mortga�e insurance previously in effecc, fmm an altemate mar[gage insarer approved by Ler►der. If •
<br /> . ;.:. . aubstaatiaUy equivalent mongage insurance coverage is not acailable.Bonower shall pay ta Lender eacft month a sum equal to •
<br /> � ` � one-twelfth of t6e yearly mortgage insurance premium being paid by Bornou•er when the insurance coverage lapsed or ce�ed to ' � •
<br /> =�. '-� . . ' be in effect.Lender will accept,use und rcisin these payments as a toss reserve in lieu af mortgage insvrance. Loss reserve
<br /> � ' • � Form 3028 9I90 ` ��''
<br /> - .- . • . . � Page 3 01 8 � .
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