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<br /> � � . � . . , _ 94-�00�62 � ..
<br /> ` S. H�srd or Propart� Leueasa. Bomuvea shaU jcap tl�e improv�mw e�asting a L�fter aa.tod an the
<br /> ` Prnpe(ty imured agaie�sa toss by fire`. Ga�uds iR�tudod within the te�m 'eicteaded covuage"a�d aay othes hazuds,incind'ing
<br /> �laods�►r Qoadiag.for which Ixnc�er�requires insaraooa.T,his insuran�r shalt be maintained in the amounts and'for ti�e p�iods
<br /> that Lender"requires.The insurance carrier provi�ing the insnrance shall be chosen by Bomnwer su6ject to Lender's appmval'
<br /> ' whic�shal!not be�unreasooabfy withheld. if Bartower faifs•to maintain coverage descn'bod above. Lender may,at Lendtr's
<br /> 4ption.obtain mverage to pratoct Lender's ri�ts in the Property in accordance with paragraph 7. .
<br /> All insurance poticies and renewals shall be acceptabte to Lcnder and shait include a standard murtgage clause. �ender .
<br /> - shaA have tIx righR to hold the policies and rerxwals.If Lender requires.Borrower shall prompdy give to.I.ender all ze�ipts of
<br />_== -- paid praniutn�and[enewal nodces.in ti��event of to�s.Borrower sl�atI give pmmpt oo�ce ta the insuiance canier az�d Lender. �- _ ---
<br /> �� ,� �.ender may malce proof of toss if nof made promptly by Bomower. � , ._ , _ �_— .
<br /> . Unless Lender and Borrower otherwix agree in writing.insursnc�proceeds shatl be applied to restoration os repair of the -
<br /> Propeity damaged,if tbe restocation or npair is ecommirally feasible and Leader's security is aot lesseued.If the restoratio�mr,
<br /> r+epair is not 000nomically fean'ble or.L�mder's secvrity waild be Iessened,the ins�+��pmceeds shall b�applied tn the'sii�`.:. .. .;,
<br />= securat by dus Security Insuument,whether or nat then dae. with�ry exass paid to Borrower.If Barniyver atrandaiis.�Sic. � ---
<br />-_- - Property.ar does not ancwer wit5in 30 days a iwtice from Lender that tLe insurdnce carrier h�s offered ta:settle actauii,-.t6en -
<br /> Leader may ooltect the insu�ance proceeds. Lender may use the pioceeds to repair or rest�ne the Property ox to tia�sums = --
<br />'''• savre�by this Securiry(nmu�t,whether or not then�due.The 30�day period will begin w�e the ncstice is given. ' ' --
<br /> �,,-�
<br /> Unless Lender and Bornnwer otheraise agr+ee in writing, anY application of procad�.-2a princi�l shaU not extend or ��,._—
<br /> . postpone the due date of the monthly payments referred w in paragraphs ! and 2 or change ttie amouat of the�aymenu. If - -�---
<br /> under paragraph 21 the Properry is acquirod.by Lender.Borrower's right to any insarance pulicies aad proceeds resulting from
<br /> �''` darnage to the Property prior to the acquisition shall pass w Lender w the estent of the sums sec�red by this Sec�iy Tnsuupaeat_ - ?�.�=
<br /> `' ° - '.^�-: immediately prior W the aoquisition. ' ;::'.:`. • '-•:�:-�`
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<br /> ' 6.Oocagi�iey.P1�estrvatio0,MI13IIteannce tmd�Ptotect�oDt.of.t�e�t+npectg;$or[uwtr'S Lo9n A�tCR�aGus,�: ,-
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<br /> Horrower st}alI�vpy,establish,and.use the Property as Borni�•ei s principaf rardei�ce within sixty days after the executian of �_"
<br /> �% this Security Insttument and sha1)continue to occupy the Property as Borrowei's principal residence for at Ieast one yeaF a8er �
<br /> ,_ •- , -40�- *a�i;,.
<br /> { s°�'-' t h e d a t e o f o G c u u n l e s s L e n d e r o t h e n v i�e a i n w r i t i n , w h i c h c o n s C n i s h�i l n o t be e a s o n a b I w i t h h e t d.o r.u n I e s s u�.,
<br /> =.•�.�' , ti��. P�Y• 8 r� 8 (►� Y --
<br /> •'�•,,_�t,,.�st�'�br.:. .eatenua �r�rcumstances eaist which are ond.Borrower's rnntrol. Borrower si�all not desuo . e or i arc�tfie •�`.`'"..,
<br /> ,.�.�..�.�s, . �.. � beY Y �8 �?.>. :._.�_.�
<br /> . `'�� a]tow the Pro to deterio:ate. or commit waste on�the Borrower ahal![ie in dafa�it if any forfeiture . _
<br /> _y,•-_ - ., �'� .
<br /> -..��..�: �t,•.•.,`;..` �Y, PartY Pr�nFettY:
<br /> � -�;:�.�• '. .;. • action or proceoding,whether civil or criminaf.is 6e�un that in Lender's gaod faith judgment could result in forfeiture of ihe. � v',;
<br /> "•�.c;�;:•
<br /> '�.::' -.r�:::R#. Property flr otherwise materially impair the lien created by ihis Securiry Instniment or Lender's sec�rity int�rest.Borrower may :.=''�--�:
<br /> ""•;.�•',"�: , • , cure suc1�a defauit and reinstate,as provided in paragraph i8.by pusing the action or proceeding to be dislnissed with a aisling �.:`"•,��
<br /> �,� � �' ���� tha� in t.e�er's good faith detemrination. precludes forfeimre of the Borrower's,interest in the Pivperty or other rr�eciai ,�; "
<br /> �� `r . ;`��#���,{� impairment of the lien created by this Security Instrument or I.e�er's security iqterest. Bonawer shal!also be in default if ��
<br /> •...,x::,�:, . .
<br /> ��;�� Borrower.during the loan application process.gave materially fatse or inaccurate iaformation or statements io Lender(or fa�7ed .;.'°``�"=
<br /> ���``'`:'":-�==-��� = ' ta rovide I.ender with material ir�forrt�ation)in connection wiih the toan evidenced b the Note.incladi � biit not limited �'=�t 4�"_
<br /> �i.:it��:?_F.. .>`+•- � P �Y.. Y � :`,:;�'� :.—_
<br /> :.„� ,.....- -_ to.re�rresentations conceming Borrower s aacupancy of the Property as a princ�pat residence.If this Security Instniment is on a
<br /> ,.�;�,..•. —
<br /> ' � ::,:` ��•: . - leasehold, Bonower shati compfy with ali the provisions of the tease. If Borruaer acquir�s fee titie to the Proper3y, the '. �r:= �
<br /> ' • leasehold and the Fee title shal!not merge unless Lc,mder agrees to the merger in writing. � r"`�'
<br /> . 7.Ptotectbn ot Lertde�'s Rights in the Property.If Borrower fails to pesform the covenants and agree:nents contained in � ,� '��•
<br /> tY S P � Y S Y Sh PertY� �''•�,
<br /> ' � _ this Securi Instrument,or there is a le a! roceedi�a that ma si nificantl affect I.ender's ri ts in the Pro such as a � ;-,f..,
<br /> • , proceeding in bankruptcy�.probate, for candemnation or forfeiture or to enforce laws or regulations).then Lender may do and ' "'
<br /> . .. � �.
<br /> _ � pay for whatever is aecessary to protect the value of the Propert} and Lender s righu in the Property. Lender's actior�may
<br /> -___ inelude paying any sums secvred by a lien which has priarity a�er this Security lnstrument, appearing in court, paying �
<br /> :�.....' . �.. '.: ,=:�..
<br /> =_:,,;`;::;,;��•� . reasonabte aitomeys'fees and entering on the Properry to make repairs. Altho�:�l►1.ender may take action at�der this paragraph Et ' . •,;`
<br /> `��,'r;, -. - 7.Lender does not hare:a do so.
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<br /> .��:�.' ` Any amounts disbursed by l.ender under this paragraph 7 shall becom�:�dditional debt of Borrou-e*secured bv this i r
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<br /> � .,,._ ,,:,_,;.• Security Inmtiiment.Unless Borrower azd Lender agree to other terms of payment.these amounu shall beas interest from�he • ,
<br /> `i`��'°',•'.� ';`:;;f° . date of disbII*.sement at the Note ra:�:.�d shall be payable, with interest. upon natice from Lender ta Bonower mq�.sting � � .
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<br /> ' " -'� � ;. � S.Mortgage Insurance.If i.ender required mortgage insurance aS a condition of making the loan secur�,d by this Security r � �
<br /> ~- «�.�� ' Instrument. Borrower shall pay the premiums required to maintain thc mortgage insurance in etfect. If. !��any reason, the �:.. .�.:...,:, : '��
<br /> : . ,'. i mortgage insurance coverage required by l.ender lapses or ceases to be in effect.Bonawer shall pay the premiuins reqmiaed to �� ' �
<br /> , ��'..�. � obtain coverage substantially equivater.t to the mortgage insuraECC:previously in effecl,at a rnst substantially equivalent Uo ihe ; • , �� �•,�
<br />., �„ � .� . ` � cost to Borroaer of the mortgage in's�rance previously in effecz.,c;om an alternate mongage i�surer approved by Lemder. if �. ,. ,
<br /> .,.�•5::. .. . substantially equivatent au�:tgage insurance coverage is not avaitable,Sorrow��-a.�all pay to L.ender each month a sum equal to � = - - ��
<br /> �, '':�';; • .. I Y y 8a8 P S P � Y � P .
<br /> -,_,.,.;.�,.•;;�� i one-twelfth of the earl•-c:r�rt e'insurance remium bein azd b Borrower a•�n the insurance wvera e la sed or ceased to - -
<br /> ''x��.:�+''' be in effecl.Lender witi a�pt.use and retain these payments ati a lass reserve i;.lieu of mortgage insurance. Loss reserve . � :f ��'
<br /> : I �,;'�,::a1::
<br /> � Fam 3�28 9190 ;,.�,• '.�
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