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<br /> S�.M��d or prop�Ky lnwnnot. Aorrower .hall IcoeQ the improvemenb ra��v exlstla� ar he�r�lta eroctad an the
<br /> _ - �,.�vy..;rywe�eci uainRt k�u by tiro,haranda includod wilhin t1�o term "ezterded cover�e'snd�u►y other twrud�. ircludinR
<br /> flc�w�or„flf�t?din�,for wldch[.en�ier roquit+a(tuw��ance. 1�Is in�wrance slwll Ix rn�inuitwd in the anwunti an�l fw tha periods
<br /> th�t I.�t�1�p� Mcquir�a. The ituurwica c�rrier pnwidin� dx inaurw�shnll be chosen by Borrower wbjxt to Lender's approvd
<br /> whiGh,�Il,;npt be unc�euonab�Y withhcld. If&xmwer fs�ls to nwintain mveragc dcscdbad above, Leidor may, at Lenda�'s
<br /> optiqp,.pblwiA.�vem�e to ptotect Lcnder'c rlghts in thc Propeny in accardance with p�ragrnph 7.
<br /> Ap_ine�Mrrnoe policies and rcnewnlc shall be s�cceptabic to I.ender ard alwll include x starwlard mort�a�e d�use. L.ender
<br /> ' _`-�` T ��'!' �f�xll iu�vo tt�q right to twld the policier aix!ru�cw�is. If Lc��dcr r�:quires.Barrower shall prompdy givc to Lcndcr all meipts of
<br /> p�id.pnemluitla a�d rcnewal raticei. ln the event of loss,Bomawer ctwll�ive prompt noNct to tha inwnnoo carrier and Lender.
<br /> Lend�t�msy mpku ptoof of laa�if not madc pc�omptly by Eorrower.
<br /> UnIGRs�.andRtand Borrowcr ottiervvise agroe in writing. insurance proceeds siudl be applied to restoration or repair of thc
<br /> prapaRy damagad,if thp restoration or repair is ecoramlcally feasible and Lender's security is not lessened.lf tha nswration or
<br /> rep�ir is.►at econamiait�ily fwsible ar Lender's security would be tessened,the inaurar�ce proceeds stwll ba applied ta the r�ms
<br /> — �Y---�— � securqd by tt►la S�ury�,Y Instrument, whethcr or not then due, with any excacs paid to Borrower. If Borrower nbandons the
<br /> Proparty,or doGS nc►t�arlfiwer within 30 dayc a�wttee from Lender that the insuranco carrier has oFfergd W sude a elaim.then
<br /> i.endor may cait�t thq•lnsurence praccods. Lender may use the pracuds to repair or restore the Prc�perty ar to pay sums
<br /> socurcd by�hir Sc�cur�ty Instrument,whether or not then due.The 30-day period will begin when the notice is given.
<br /> Unlass I.ender a�.Borrower othenvise agrce in wdting. any applicadon of procecds to principal shall not eatend ar
<br /> postpc�na tho dua data of.thc monthly payments refcrned to in paragrapha 1 and 2 or change the �unt af the payments. If
<br />--- undar par�ghph 21 thq,Pn�perty is acquired by Lendar,Barrawer's right to any insurance poticies and proc�eeds rcsulting from
<br /> dartiage to thes Proncriy prior ta thc acquisition shall pasa ta l.etidcr to the extent of the sums secutod by this Security Inattument -
<br /> " immediatoly prior to tha a�:quisition.
<br /> � d.Occupancy,PKercervation,Matntenpnce and�'rotectton of the Praperty;Borrower's Loan Applics�tbn;Iwntsei�alds�. _
<br /> - Bormwer shull c�ccupy,c�etublish,stnd use the Property as Borrower's principc�l residence within sixty days after the execution of `
<br /> this Security Iactrume�t snd�shall continue to occupy the Property as Borrower's princlpal resldence for at least one year aftar
<br /> � tha date of occupanay.unlsfs l.�ndar otherwise agreas in wdting,which consent shall not be unrcasonably wlthheld,or unless o -
<br />' catenuuting circumstancxs eaist which are beyond Borrower's control. Borrower shall not destroy, damage or impair thc
<br /> = Property, allow tha I�t�rty to deteriorate, or commit waste on the PropeRy. Borrower shall be in defuult if any forfeiture
<br /> ";,; I,I action or proceading, whuther civil or cdminal, is begun that in Lender's good fuith judgment could result in forfeiture of tF�e
<br /> --- Property or atharwist mpterially impair the lien created by this Security Instrument or Lender's security interest. Borrower may
<br /> -.•Y• curc such a dofault nnd teinstate,as providod in paragryph 18.by causing the action o�proceeding to be dismiss�i witi�a ruling
<br /> - that, in I,ender's gtx�d faith determituttion. preciudes forFeiiure of ilie Hurruwar's intcrc.�t in ihe Prc�pcKy or othc�muieri:�I `
<br /> ' � . �'•�,'�� �` impafraricnt of tho lieo created by this Security Instrument or Lender's security interest. Borrower shall Also be in defuult if
<br /> '�'+` ` '� Bonrawer,during tha lonn application process,gave materIatly false or inaccurate infom�ation or statements to L.ender(or faileci
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<br /> • s��." to provide Lender wtt4�any matcrial infom�ation)in connection with the loan evldenced by the Nate,including, but not limited
<br />- `��� to, representutiona cancxming Borrower's occupancy of the Property as u principAl residence.If this Security Instrument is an a
<br />"�. �� � � � Ies►seM�ld. Borrawar shull comply with aU the provisions of thc lease. If Borrowcr acquires fee titic to thc Property, the
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<br /> les�sehold und tho feo tidc shull nat�nerge unless Lender a�rces to the mcrser in writing.
<br /> ';;�;,4,'„',;„ :, ..;;�,,, 7.Protecttun af I,tnder's Right� in tt�e I'roperty.if Borrower fatls to perfurm the c��venants and agreements contained in
<br /> � ��r-+•�-�.;dr' thia Seeurity Instrumant, or there is a legal proceeding thut miry significuntly affe�:t Lenders rights in the Property (sueh as a
<br /> '� '"'•"'�'� proceeding in bxnkcupte;i, probate, for wndemnation or forfeiture or to enforcc laws or regulations), then L.ender may do and
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<br /> " ' '+*'' �% for whatavor 3s nooessa to ratect the value of the Pro rt and I.ender's ri hts in the P n Lcnder's actions ma
<br /> - .y,,, � paY ry P Pe Y S � Y• Y
<br />=:, ,���'',,;w, �, include p�ying any cums secured by a lien which h�.c priority over this Security Instrument, appearing in court, paying
<br /> _ ,,�y;p::��..y_... , reasonablc attarnays' fees and entering on the Property to make repain. Although L.e�xier may take action under thi�par+�gtaph
<br /> :^.'�. �,.:_.:.^. `�.� 7.Lender does not havo to do so.
<br /> �_� ; �°4L_�. Any amaunta dinbursed by Lender under this paragraph 7 shuli 6ecome Additional debt of Borrower secured by this
<br /> � ,,.• Scxurity Insttvmant. Unless Borrower und I.ender ugrce to othcr terms of payment, these Amounts shall bear interest from thc
<br /> - ' ' dtite of disbursemant at the Notc rate and shall he paynbic, with intcrest, upon notice from l.ender to Borrower requesting
<br /> �K�Y,.'.:_::... . �yment.
<br /> ~^�:� , w4a dv-•c S.Ma�tgaga iasuritnee.If L.ender requiral mortgage insurance us a condition of making tho loun secured by this Security _
<br /> -�`�, r'_=�,'`"� Instrvmeot. �urrnwer shall pay the premiums required tn maintain the mortgage insurance in effect. If, for any reasun, the
<br /> �,_ . ,,«, , martgago in6urancc covernge required by I.endcr lapses or ceaties to bc in cffect, Barrowcr shall pay the premiums rcquired to —
<br /> � i,�.. ; obt�in ooveraga substantiutly equivulent to the mortgugc l�uurance previouoly in effect, at a cost substantiully equivulent to the
<br /> � r"�� cost to Sorrower of the cnc�ctg�ge insurance previously in effect, from an altemate mortgage insurer upproved by Lender. If
<br /> —�� �n�• subctantlally equivolent mortgage insurance coverage ls not avuilable,Borrnwer shall pay to L.ender each month u sum equul to
<br /> -�r � one-twe1W�of�1►�yearly mortgage insurance prrmium being paid by Bor�awer when the insurance roverage lapsal or ceased to
<br /> - be in effect.L.ander will accept.use and retain these payments as a loss reserve 1n lieu of mortgugo insurance. Loss reserve
<br />-"°'� Fam 3028 !!90
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