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<br /> RECORDED�"*= +`���v v=� i'rivw�+
<br /> S. H��ard or �rap�ty �wuanoe. Bornower �lull keep the imper�vements now exWln� or kn�her enec�e�d oa tbe
<br /> prt�perty inwrod a��iiut las by fire, tw��rds inclwiad within�he temi 'extcndad coven�e"and any atha�huar+dr, includla�
<br /> floc�d�or flaxlinQ,for which Le�xler royuira�:nwt�anee. Thi�inwnmce�tull bo m�lntafned i�the�mounts and for tltie periads
<br /> that l.emler roquirrr. The in:urtnc�carrier pmvidin�the iruwruke�hall be chosen by Bormwer iubjat to[.er�der'� approval
<br /> which ihall not be unrc�orwbly wi►hheld. If Bnrmwer fAil�to mainuin r.averaga descrlbed above. I.erdu may.�t t.ender'�
<br /> aption,c�MYin coveroge to pratect L.ender's rights in the Propeny in accordance with parAgraph 7.
<br /> All inwrw�e policiea+�nd renewals sfull be acaptable to L.ender iu�d sfWl include a snr�datd mart��e ciw�e. Let�da
<br /> =- — �chwll Iwive the riRht to hald the polici�c u�d renew�ic.IP La�der roquircs.Borrower shall promptly give ta Lender all reaipw of
<br /> paid prcmiwns and reriewal naticec.In ti�e event of loss,Horrower ciwll�ive prompt notice to the insurmoe aicder�nd Laidu.
<br /> l,eoder mry m�Ice praaf af loss if not nuide promptly by t3orrowcr.
<br /> Unless Lender and Bonower aherwise�gra in writing,incurance proawds stwll be appliod tc►restoratfon or cepair of the
<br /> Property danwged,if the c�cstoration or repair is ocanomic�lly feuible and Lender's socur�ty js not lessened.If the nuorAtion or
<br /> . --_-- repair is not oconomically feASible or Lender's security would bo lessened,the insuranve pracoods stwll be applied to the sumc
<br /> _ _-�..� socurod by this Security Instrument, whether or not then due,with any excras {wid to Borrower. If Barrower alundons the
<br /> _ Property,ur does not answer within 30 days a notice from Lender that the insurance carrier lu�s offered to setde a claim, then
<br /> �� Lender m�y collect the insurance proc�ecls. l.ender may use the proceeds to repair or rcstore the Pmpaty or to pay sums
<br /> ��� � �� secured by this Security Instrument.whetFur or not then due.7'he 30�day period will begin when the notice js given.
<br /> ,-.,,. ;. Unless l.enicr and Borrowcr otherwise agrcc in writing, any epplication of prnceeds to principal shall not extend or
<br /> =-��- postpone the due date of the monthly paymenu referrcd to in paragraphs l arid 2 or change the amount of thc p�yments. If
<br /> under p�ragnph 21 the Property is�cquirad by I.ender,Horrower's right to any fnsuruke policies and proaeds rcsulting from
<br /> r'"�' danvge to the Property prior to the acquisidon shal!pass to I.ender to the sxtent of thc sums secured by thIs Security Instruma�t
<br /> �.,. ..�.. :-��-:t,.
<br /> ";>;:,•...k ' ',u Eaunodiately prior to the acquisition.
<br /> ".. ' '�''`' � ' �_```, �.Occup►ncy,PreservAtion� 1Naintenanee and Protection c►t t6e Property;Borrower's Lopn Applicxt(on. I.es�sel�old�.
<br /> • Borrower shaU occupy,establish,and use the Property as Borrower's principal residence within sixty days after the execution of
<br /> ��•�;:•�� � - ` ;r`: this Sccurity In.r•tnrment and shall rnntinue to occupy the Property as Borrower's principal residence for at least one year after
<br /> � ��� B�e date of oeeupat�ey,unlns I.ender othenvise agrees in writing, which consent shall not be unreasoc�bly withhcld, or unless
<br /> � . . extenuating circumstances exist which are bcyond Borrower's control. Borrower shall not destroy,damxge or impair the
<br /> ' Property, allow thc Property to deteriot�te,or commit waste on the Property. Horrower shall be in default if any forfcitut�e
<br /> action or praceoding,whether civil or criminal, is begun that in L.ender's good faith judgment could rault in forfeiture of the
<br /> . Property or otherwise materially impair the lien created by thio Security Instrument or Lender's security interest.Borrower may
<br /> " cure such a dcfault and reinstatc,ac pn�vidod in paragraph 18,by causing thc action or procceding to be dismissed with a ntling
<br /> - ----- --_- tt:es. in Lcnder's good•falth dctermination. pr±rlud!� forfe4t�!rc �f t}u� Born�wPr'c interrct in tiu Pr�rty or other mater�al
<br /> imp�irnient of the lien crcated by this Secutity Instrumcnt ar Lendcr's secu�ity interest. Borrower slwll also be in def4ult if
<br /> . &►rmwer,during the Inan applics�tian pmcess,save materially false or inaccurate information or statements to I.ender(or failod
<br /> � , • to provide Lender with any rr�aterial inforniation)in connection with the loan evidenced by the Note. including,but not limited
<br /> to, rcpresentations concerning Borrower's occupancy af the Property a.s a principal residence.If this Security Instrument is on a
<br /> Ic;ischold, &mowcr shall mmply with all thc provisicros of the lease. If Borrower xquires fee title to the Propetty. the
<br /> � � Icasehold and thc fec title shall not merge unless I.endcr agreey to the merger in writing.
<br /> 7.Protection of I.ender's Ri�hts in the Property.If Bonower fails to perform the covenants and agreements rnntained in
<br /> �• this Security Imtrument, ar therc is a Iegul proceaiing thut n�ay significantty affect L.ender's rights in the Property(such as a
<br /> ��: proccoding in b•rnkruptcy,probate, for condemn•rtion�ir forfcimre or to cnforce laws or regulations), then Lcnder mny do and
<br /> '� p•ry for whatever is necerwry w protcct the vulue of thr Property and Lende�s rights in the Property. I.ender's xtions may
<br /> '' , include paying any sums secu�ed by a lirn which ha.. priority over this Security Instrument, appearing in court, paying
<br /> , rcawnablr auomcys' fces and enterin� an lhc Pmperty to m•rke rep�in. Although Leixier may take action under this paragraph
<br /> 7,I..ctkier docs not havc to dc�so.
<br /> � Any amountti disburx�i hy Lerxier undrr thi. parugraph 7 .hull become udditianal dcbt of Borrower securod by this
<br /> Sccurity Imtrunknt. Unlc�. &irroK•cr and l.cndcr ugr�ti tu uthcr tertn�of paymcnt, thc�amounts�hall bcar intcrcu from thc
<br /> date of disbunement at the Note r•rte and .hall br payuble, with interest, upon ncxice from Lender to Borrower requesting —
<br /> . ; paynknt.
<br /> _ 8.llio�t�a�e lnsuranee. I(l.rnJcr r�yuir�tii m��rtgag� in,urance a.a randiti�m of n�king the li�an secured by this Security °
<br /> Intitrument, Borrcia•er+hall pay thc premiums rcyuired to maintain the m��ngagc inwrance in effect. If, for any rcason, the
<br /> ' mortgage imurancc covcragC rcyuir.�l hy IAixl�r lap+r�or rca.c+ tu Ik in effect, Bnrruwer.hall pay the premium,rcquired to _..
<br /> obtain coverage suhstantiall�� rquivalcnt tu the mongagr imuranrc prc�•iou�ly in cffect,at a re�st ,ubtitantially cquivalent to the
<br /> - co+t to Borrow•rr of thc mortgagc in+uranrc prceiau+lp in cffcct, frum an altematr mortgagc inwrer approvcd b}•Lcndcr. If =
<br /> . �ubstantially cyuivalent mortgagc in�uranre cu�•rr•r��is nut arailahlc,�iorroµ•cr.hall pay tu[AnJer cach mimth a aum equal to "
<br /> . onc-twclfth of thr yearly mort�agr in.urancr prcntiutn hcing paiJ by Br-raacr a hcn th:in.uranrc ru�cragc Iap.cJ ur rc:+.cd to F
<br /> ! hc in effect.Lender will arccpt,u+r and rrtain thcx pa��mcnt�a� a 1���. rexrn•e in licu ot' mortgagc in�urancc. l.oss mserve k�
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<br /> ,F_ Form 3028 8190 �
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