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<br /> S.=1i�a�ti:�c'tl�aty I�wef�iet» �otroMer�.ireep.t8e i�opnavamaMs Aunr exi�tioE a h�naRa e�d an the �
<br /> PropatY ieauna�b..by fi�e;ear�nds inctade�.�hi,►t�e lenn'euteaaioa ooven�e'ana aay aha t�.inctnaiuqt
<br /> � lfoodr at AoodirtE:fot wrhidri.eader�eqnircs in�ueaeoe.Tld�iawrmoe�tWl be m�oot:iirod in t6e�s�nd fot tha per�ods ,-
<br />� . . tt�t I.d►der eeq�iYa.11x inwtanae arrkr pcaviding t6e ies�innoe shs!!6e chosen by Borrower subjoct to Lender's app�oval
<br /> which sh�l{not be u�soiybty withhtid.tf$arower fails to m�tntain coveraje•describod aboxe. Lender may.at I.eeder's � .
<br /> � � option,olx�in ooveraae w pco[ect i.endet's tights in thr PropeRy in�ttYx�c�e with puag�pt►'I: ° c,• .
<br /> � JUI i�wnnoe policia aod reaewats sl�lt be aoi�gtabk to l.ender aM s6�U iaclude�studua mong�ge�tause. I.endec �
<br /> sl�ll l�ve the d:At w IwW We poikties and tenew�is.If I�rkr roquire�.Barnwer stadl pta�dY 8ive to Lender a11 teoeipts o[.
<br /> . p�id pnemi�inn and mkwal notioes.In t6e eveat af toss.Bamwe`si�afi give pcanpt aatioe w We nstiranoc c�r m�irender.
<br /> Lender mry m�ke prDaf a�loss if not mide pranptlY bY Bortowe*•� . • �
<br /> � Uafas Leader aod BorEOwer aAerwise aSroe io wriung,iawrance praocods sL�ll be appiiod to restoeation or�ep�ii of the
<br /> � PmpatY dm�e,d.if tLe�stoation or cep�ir is e�000miadly feisibk and l.aider's sauriry is mt leasenod.If the restoration or
<br /> � repir Is not e0000mieslIy feuibk ur#�endei s socurity would 6c kssened,the irwua�oe pro�oeeds sh�lt be�ppiiad to the 3ums
<br /> savt�ed by tUis Sxarity It�umax.whther or rwt then dae. wifh any ta�cess ptid to Bortawer. If Bonower abmdo�tl� '
<br /> Propaty.a does not aarnr w�idun 3Q days s notioe fmm Lerdbr tinttbe insu�anoe carrier has offered w seak a ciaim.tbeu
<br /> � [.aWer n�ty oolkat the ins�u�oe prooeed.o. Leader may use tlie.proc�ads�o repair or nstore thc Prape�ty or to Qay sums
<br /> mv�d 6y this Sa�riry�Strumeat.wl�ettrer ar not that doe.The 30�day period will begin wben tde notice is givm.
<br /> Udess Ie�der and Borrower a6awise agn+e in writing.�nY s�pplication of psooads w princtpsl st�all mt exteM ar _
<br /> ".�ostpooe the doe date of We monthlY payma�ts refer�ta in pua�hs 1 and 2 oe change tl�a►noum of tha p�ymaus.If �
<br /> undes pangcaph 21 the Pmpe�ty is�oquired by L�et�der.BoROwa's right to any insunoce policies�nd proaods resWti�g hom� �
<br /> � , d�ge to ttfe pmQertS,pr;or to tbe aaPrisition shalt pass to Iender to the extau of the sums sew�ed iry this Savricy Insaument
<br /> immed'�ety pridr to tl�acqaisition. ,
<br /> ' f.poc4iery,lttsa�vatioa.M�1�tennee asd Rvtection ot t4e Ptoperty;Borr+u�raas Laan Appiip�tioa;Lr�nids.
<br /> Boaower slwll oowpy.esqblish,ad use tbe Pmpe�ty as Bor�wer's principal residenoe witdin si�cty daYs after the executton of
<br /> this Socuriity It�sRwtxrrt a�d sh�ll cootinue to occupy the Properey as Borrower's principal nsidmce for at kast an�yar�fter
<br /> � th�e date of oowpaocy,unless L�der ott�tn�ise agras in writing.wluch cunsent stnll not be unneasanably'withheW.or unless ,
<br /> ' �p�te�ting circumstanoes exist wtuch are 6e�ond Borrower's control. Bacrawer shalf not destruy, dam�ge or impair the: .
<br /> Prope�ty,altow tlx Property to deter�aiate.or oommit wa�te on the Proptrty. Boriower shaU be in dtfault if any forfeiwra =
<br /> � actlon or pr+ocYeding.whether civi'1 or criminal,is begun t6a�in Lelder's good faith judgment oould result in forfeitun of the
<br /> . �COpe�ty or otherwise a�aterially Impair the lien cteated by this Security Inshument or Lender's security intercst.Borrower may '
<br /> atte such a defaWt atd ninstate,as prvvided in paragraph 18.by causing tl�e action or proceeding to be dismisscd with a mling
<br /> t6at, in I.ende�'s good�faith determinatjon,pmludes forfeiwr�e of the Borrower's interest in the Property or other material
<br /> �painna�t of the lien ciated by this Security I�ument or Lender's securtty imenest. Borrower sh�ll also be in defauIt if
<br /> Bomnwer,during the loan apptication prooess,gave materially false or inaccurate infom�arion or statements to Leader(or failed
<br /> to provide Lrender with ar�y material infom�tion)in cnnnoction with the loan evidenoed by the Ptote.inctuding,iiat not 6mited
<br /> to,rtp�esentationc oonxr�nng Borrower s o�upanc.y of the Prop�rty as a pcincipal residence-If this Seca�riry Im�ument is oa a _
<br /> leasehold, Bomawer st�all eomply wis�a3 the provisions of the lease. If Botrower acquires fee tiUe to tht Property, tfie
<br /> leaseitold and the fce tide st�J not merge unless Lender agrees to the merger in writing.
<br /> 7.Pmtectbn o[Le�dcs's Rights in tbe pi'opertg-If Borrower fails to perforw the copenants and agroements contained in _
<br /> this Saurity Insmunee�.:���here is a t�ga1 proceeding that may signifKantly affect Lender's righu in We Property(such as a :,
<br /> prooeeding u►hsahv�tcy:probate.for a��'::mnation or forfeiture or to enforce taws or regulatians).then Lender may do artd
<br /> pay for whase�er.is ireoessar�t to pmted u�e.value af the Property and i.ender's rights in the Property. Lender's xtions may "
<br /> include paying any sars�s Eecured by a lien whieh faas priority•over this Security Instn�ment, appearing in court. paying =
<br /> '' �rasonable attomeys'fecs:�3'enter�ng on the Propect�:�ro make repairs.Atthough l.ender may tatce adion u�this paragr�ph
<br /> � 7.Lendar does not have to c�s so. . . ,.
<br /> My amounts disbutsed by Lec�cf•�x �nder this paragaph 7 shall become additional de6t af Bomower secured 6y this �
<br /> Securiry Instnunent.Untess Sorrovrer�i;l.ender agree to other terms of payment.these amounts shap bear interest from the °
<br /> date of disbursement at d�'�a:e r�,ai�d shall be p�yabie. with interest. upoa notice frnm I.ender to Bortow'er requesting -
<br /> PaYmrnt• ' :
<br /> S.Mortgage Imara�toe.�f ixra#er required martgage ir�surance ac a condition of making the loan secured by this Savrity
<br /> Insnum�mt, Borrowu shall.pay the{x'�c.^:.�ms required to maintain the mortgage ensurance in effecq. if.for u►y reason,the =
<br /> mortgage irs�ance wverage requirod 1'�,, 1i:ender lapses or oeases to C�ree in effect.Borrower shap pay the premiums required?.ta
<br /> •. .o6tain oover�e substanti�ty equiv�tcrc to the mortgage insurance p;eviously in effect,at a co�t substantially equivalent to�k;� -
<br /> eost to Bomawer of the�j_rr�ge,insurance prevfa+zsI} in effect. from an altemate mongage insurer appn;��ia1 by l.cnder. If
<br /> • � substantially'oquivalent r�wrct�ir,,�ge insurence coverage"rs not available.Borrower shall pay to S.�tder each r�y�a sum equal to
<br /> one-twelfth of the yeuly moctgage iQSUrarsoe premium being paid by Borrower when the insou•m;:c�e coverage lapsed or eeased to ,
<br /> be in effect.Lender will accept.nse ar,�retain these payments as a loss reserve in lieu of avs:�age insurance. Loss reserve
<br /> � ' Fonn 3o2e 8l90
<br /> v,o.aaie
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