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<br /> S.`$t�['��!P�p�! ��L'!. HOt[�OrYCi fUf�I �Q l�1G�Y�S OD1����C110C� 00 1�C� ,
<br /> . ��opaty insure���yaiast loss by fur.huards inclvded within tLe cerm 'extendM coverage• and aay aher tw�eds.iacludin� �
<br /> `floods or floodiag.foi wtQCb L�ender r�eqaires'snsurano�.'ifiis ins�ct�shali 6e maintaind in the art�ouMs arKt far t1'e�paivds
<br /> . that"I,ender caluins.'�'6e inwranee�curier provi�ng the insurar�sUali be chasen b�r Borrower subje�t to Letder,'.s apptoval
<br /> , vuhich shall not hs uma�wnably witHheld:If$oaower fails w��aintain caverage descn'bod above, lxader may.at t.afder's
<br /> iiption,�obpin coverage to protect Lender s righu in the Pruperty in aocord�nce with paragraph 7. `
<br /> - All insuzanoe policles aod nnewals sl�all be acceptabte to l�endet and shali include a standarA mortgage cl�use..f�ender
<br /> slnll dave tbe right to hold thc policies and cenewats.if Lender�airs�.Bomowsr's1�1!P��Y Bive w t.er�der�il ioceipts of
<br />_— pnid premiums wd iencwa]notias:In tGe event of toss.Barrawer�ii give pmmpt rnotice to the inwranoe cyrrier atd i�ender. �
<br /> - .iJenda may m�ice proof of toss if noc m�de prompttl►by Bormwer•
<br /> UnIess Lender aM Bocrower otheiwise agroe in writing,m�ui�prooeeds sh�11 be applied ta�rstoration or rcpsir of ttu . �
<br /> - Pmpeity damagad.if the ratoration or cepair is oconomicaUy feasible and Lender's savrity is not lesseaod.If the restoration ar
<br /> npair is not economidly feuible or I�oder's sd:uriry would be lessenai,the mwraux proraads shati be applind to t6e sums .
<br />- �socuixd by this Se�vrity Instnmsurt, whether or not then due,with�ny exoess paid to Botrower. If Bor�arer abandoas the
<br /> P[operty,or does aot aNwer within 30 days a rwtioe from l�ender thu the insarance cariia has offered w settle a claim.then
<br /> _ Lender may c�oUax the insurance pmceeds. [.ender may ose th�pracoods m zepair or reswr�e the Property or ta pay sums �
<br />- securod by this Savrity tnstcument,ahettxr or not thca due.Tf�e 30-day period will begia when ihe rwtice is given. _ ----- _.
<br /> - - Unless Lender and Borrower othervvise agtee in wridng. anY aPPliration of proceeds w principai si�ll not extend ar =----- _ _
<br /> _ - postp�ne d�e due date of the monthlY PaY�cs refemed to in paragrapLs 1�d 2 or change due anwunt of the paymeau_ If �_
<br /> ander paragiaph 21 the Propercy is acquired by Leader.Bormwer's right to any insurance policies and pr000eds nsulting from �,�.
<br /> damag�w the Pr+opecty prior tn t6e acquisirion shall pags to Lender to the extent of the sams secar+ed by tius Seeurity Iasttument. .�; ..
<br /> ��.- '- ' � immedia:�ly pdor w the acquisitioa. . �. ���°
<br /> _- _-` ` 6.Oocapncy Pr�ervat�On.MaiMaanoe aud Proteabn at tLe Proparty,BocroRer's Loaa Appli�atioa;l.ea�6otds.
<br /> --- —! • �-;t�--
<br />_ -- =' Borrawer si�ll oocvpy.establish,ard use the Pmperty as Bomower's principal nesidence wit6in sixty days after the execntion of � ��.�;°,�;
<br /> --- -_—` this Sxurity Inurument and shaU vnatinue to occuPY��PenY as Borrower's principal resideace for at least one year after .�.�:
<br /> � =���ri'-:_.�-
<br /> the date of occupancy,unless l.eader othenvise agees in writing. which oonsrnt shab➢not be unreasorably withheld.or unless ^*�� .
<br /> I;1
<br /> � '�` j extenw�ting circ�s�tances eaist which are beyond Boaower's eonmol. Bomowes s� nnt d�stmY. damaSe or irapair ttie ,6sr,; ' �—_
<br /> ,;-. ���•�" ! Property.allow the Propetty fo deteiiorate, or commit waste on the Property. Ba�:�i=s�ialII be in de faWt i i any fo r feiture = _: �- --
<br /> �'; � action or procading.whether civil or crimin�al,is begnn that in Lender's good faith,�udgmea�o�►ld resutt in forfeiture of the � '?�9�
<br /> - t� Prop�rtY or otherwise materially impair the lzan created by tlus Securit}Instrument or l.ender s security interest.Barrower may �,' .�"�
<br /> ��;:=��ls'��-F'�1'*�;��si j`�` cure suc6_a default and reinstate.as provided.ia gatagraph 18.by causing the actioa oi proceeding to be dismissad with a ruling �,. • ��•'
<br /> r,.iguar�i:S.��/'wir�y?.� - . ' . - „
<br /> , <:�,. .f;��r;:, t�, in I.ender's goad faith detecminarian, Precludes fasfeiture of the Bonoa•ei s i.-iterese in the �roperty or ather materiaf F � --
<br /> .��r r�����=" impuim�ent of the lien creaced by this Se�rity Instr�it or Lender's securiey i�a�est. BorroAer shall also be in default if ' -
<br /> �+:*•„��:;� a�.
<br /> r' 1 ..F � ..•-�. � � --
<br /> J-.F��.,��'•; �„s. Borrower.during the loan application pr�ess:gave materialiy false or asaccurate i�,f�rination or srz:emenu to l.ender(or failed _v,_
<br /> ��.�..�.r,::.. �-�.,-. :. _:. -
<br /> _ .���.=, to providt l.ender with any material inforaiarinn)in connection with the ioan evidenced Isy the Note.including,but nnt limited �. , . ,: J
<br /> .'�` • . r-�� to,represeniations eoncerning Bonower's oc�apancy of t*�e Properiy as a principat c..�sidence.If this 5ecurity Instnunent is on a � _
<br /> .•i,"r. :.. . ,.� �
<br /> -�"'',�.-=� .' teasetaid. Borrower shall compty with ail the prrnisia�of the lease. If$ort+�'�c�t acquires fet tide to the Property. the �;;:;;.-Y;- �
<br /> . -. � � leacehold and the fee title shall not merge unleu Lender agrees to the merger in wr.*.*.�-g. ;���_��'`'� . .: ��T"
<br /> � 7.Protection oi Lender's Rights in the Property.If Borrower fai;s to�perform the covenanu and agreemenu contained in � °.":;;
<br /> �}"�'� � ' this Securi Instrument.or there is a t a! raceeding that ma si ��ntl affect Lender's ri ts in the Pro scch as a � .� '
<br /> � ' t3' e8 P Y Sn-•-- Y 8h P�Y( �';';
<br /> 'w'�� � ' • proc�eding in bankruptcy.probate, for condemnation or forfeiture or io enforce laws ar regulations).then Ixnder may do and i � � 'y•.
<br /> r��R''`� ' pay for wfiatever is necessary ta protect the valae of the Property and LenAer's rights in the Property. Lesn��'s acaons may �.._ � � �: :'
<br /> � �: . ; .. ... .
<br /> ��k;,.;_...'` • nTClude paying any sums secured by a lien which has priority over this Security Instrument, appearing � aaurt, paying ;::,,. , ••� �:;'• ,'
<br /> �, '�,,;;;,,: .
<br /> �;' '• reasonable atta s fees and enterin on the Pro rt to make r a�rs. Althou h Lendec ma take action unde�this h � � � ' '�
<br /> '��< , . '. �Y ' S Pe Y eP � 8 Y P�B�P �� ' :�...:;
<br /> - :•;�... 7.Lender dces not have to do so. � � ( .:. .. ,'_;`!.;
<br /> ���'�:..�� ' '� Any amounts disbuised by Lender under this paragraph 7 shalt bewme additional debt of Borrower secured by:�Tu= ' •
<br /> ..,, �
<br /> ,• �s�i-t� � �• ;.;_ ... .. _ .
<br /> ' �,��'..n...; �', j Socurity Instrument. Unless Borrower and Lcnder agrce to other terms of paymeac_�'�ese amounts shall bear interest from the ;�,� ,
<br /> ;_' d_r.� of disbursement at t1:e"_�iote rate and shall be payable. with interest, upon ;�:�aee from l.ender to Borrower requesting �
<br /> t-^'s::. -.. . ,��; ..
<br /> ::;-.,��:,�;�x�., � payment. � : .. ..
<br />: , � � '„�;���.
<br /> ,,��;�,�2 � 8.Mort�age Insuranee.If l.ender required mortgage insurance as a cnnditian af making the loan secured by this Secnrity ;..' ..� . ;
<br /> - _��:-'S Instrument, Borrower shall pay the premiams required to maintain the mo»gage insurance in effect. If. for any reawn, the � _
<br /> '�;;::..`...• mortgage insurance coverage requirod by Lender lapses or cea5es to be in effect.Barrower shall pay the premiums requirod to ` � �
<br />- ``''%`•'; obtain covera e substantialt uivalent to the mort e insurance reviousl m effect.at a cost s stantiall e�ivalent to the ' � � �'"
<br /> 8 Y W €�8 P Y � 4�' Y . '
<br /> '�u�="• cost to Borrower of the mortgage insurance previously in effect, from an atiernate mortgage i¢snrer approved by I.ender. If ` ' • �`�
<br /> "`"��`" �' substantially equivalent mortgage�insurance coverage is not available.Et+*rrower shall pay to Le:�d��r each month a sum equaR c:o r� '- - - � �;%'s"
<br /> �,,.�'; .. , . ..
<br /> �'�� ',� one-twelRh of the yearly mortguge insurance premium being paid by C�urrower a•t�en the insurance coverage lapsed or e��o _ . . , . .
<br /> ,,..
<br /> .f be in effect.Lender will accept.use and retain these payments as a loss resen•e on [�ev of martgage insurance. Loss reserve � • .
<br />="� � Farm 3028 9190 •
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