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<br /> S. fivard or Prnperiy inwrance. Horrowe� ah�ll kecp thc improvements now exicting ur here�fter eroctod on the
<br /> Property insured �ainst loss by Tire, h�.tuds includod within the term "cxtc�xial cover�gc" and any other huzardr. including
<br /> floads ar flac�din�,for which I.cndcr rcquircs insurnncc. This insur�ncc�hall lx maintainod in thc anxwntx and ti�r the pc�iodx
<br /> tiwt L,ender royuira. The insurw�oe carcier providing titie insurance cFwll be choren by Harn�wer wbjoct w l.ender'x wpprov�l
<br /> which shal! �wl be unreasonably withheld. if Be+rmwcr fAils tu maintuin cnveragt desc�ibal alwva, Ixncier nu�y, at l.onder'r
<br /> optiun.i►M�in coven�ge ti�pmtcct I.enJer'K rightx in the P'r�rperty in�c�Y�rda�xr wi�h F►wragr�ph 7.
<br /> All in�u��ckc p��licicr��nc! reixw�lx +hall bc ucrc�twhlc tu l.cr�lcr anci shall induJc u stunJarJ �ix�iti�ugc rl�usc. 1.axkr
<br /> �hull havc Ihc right t��hold Ihe pnllcies und rctkwrls. If I.cixlcr reyuires,&�rruwcr rtwll prumptly�{ive to l.c�xier�tll rccripts of
<br /> _ �wid p��n►iuu��+axl r�ix:wul ixHicc�. Iu thc cvcut uf lu�,.&�r►uwcr�+Iwll givc pruwpt �u�tice w t!u in►ur��u:�ca�ricr and Letutcr.
<br /> Lencier muy nwke pnxif oP lo�s ii'not nwJo pramptly by&irruwer.
<br /> Unlcxx I.endcr snxf I�irrowrr�Khcrwisc ugrce in wrlting, insurwxc prcxcal,shull tx�applicxi t��restnr•rtion or repair of thc
<br /> -- — � Propeny d�muged,if'Ihe re�turution ur rc�►ir i.r economicully fe:u�ible und L.cncier's securfty 1s not lessened. If the re.etoratian or
<br /> rcpair is nut eamomirully fc:uiblc or Lc�xicr's sccurity would bc lessen�i,thc in�urunce ptocceds shull be appliai to thc sunu
<br /> �urul by this Sccurity Instrument, whethcr or not thcn duc, with uny cxcess paid to Borrowcr. If Borrawcr abundons thc
<br /> Prope�Yy,ar d�►es nat answer within 30 days u notice from Lender th;�t the insuranee carrier hati offered ta setde a cl�im, then
<br /> ixnder may collect the insurance praceeds. I.ender muy use the prcicceds to repuir or restorc the Praperty or to pay sums
<br /> secured by this Security Instrument,whether or not then due.The 30-day pecind will Ixgi�when the notice is given.
<br /> '� Unlcss Lcndcr and Borrower otherwi�e agrcc in writing, any application of proceats to principal s1iaU not extcnd ar
<br /> __ _ postpone thc duc date uf the monthly payment� referred to in parugraphs I und 2 or change thc umuunt af the paymcnts. If
<br /> _-. under puraFraph 21 th�Property is acquirc�d by l.ender. Borcower's�i�ht to any insura�ce policies und proceeds resulting from
<br /> , damage to the Prapeny prior to the acyuisitian shali puss ta Lender to the extent of the sums wcured by this Security Instrument
<br /> imttu�diately prior to thc acquisition. �
<br /> r ��;�?;.,�>,:;u` 6. Occupancy,Preservation,Maintenance and Protection of the Praperty;Borrow�er•s Loan Application;I.easeholds.
<br /> � • •,�t• Borrower�haD occupy,establish,and use the Pmperty a�&irrower's principal residence within sixty days ufter the execution of
<br /> j' w�':.•'•:��w 'M� this Security Instrument and shall continue to�xcupy the Prc�perty us Borrower's principal residence for at leutit one year ufter
<br /> �iw�.�r-.t� . �
<br /> .•:�-,<_-+. , ,.a� the date of occupancy, unlesti Lcnder otherwise agrees in writin�, which cnn.ent shall not be unreaumably withheld, or unless
<br /> ``�� r� r� extenuating circum�tance. exist which are beyond &�rrawer's cuntr��l. Barrawer shull not destray, dsun�ge or impuir the
<br /> :{�St��a:LtF•`_.r a.r�;�y..i
<br /> • � ��'• Property, aUow thc Property to deteriorutc, or commit wustc on tl�e Property. Bormw�cr shull be in defuult if uny forfciture ---
<br /> .�.''t�.'" `::;�..;•'Y action or prc�reeding. whether civil or criminal, is begun that in L.ender's gcxxl f•rith judgment could result in forfeiture of the
<br /> ..,-
<br /> '�f�'• Pro n or��th�rwisc materiull �m a�r the lien crcatcd h thi�Securit Intitrument or Lender's securit intere�t. Borrower ma
<br /> • `�.�ir i.'�• , � .1 ' P� Y Y � P"� Y Y Y Y
<br /> '��i^�� ,- ' cure such a default and reinstate,a+provided in purttgraph l8,by cuu�ing the uction ur proceeding to be dismissed with a ruling
<br /> � ���s•��,•° • that, in Lendcr'ti gaxi tuith determir�ti�m, prccludcs forfeiturc of the Borrowcr's interest in the Property or othe� material
<br />. --- �•��:_"
<br /> . tmpa�rn�ent ot the lien created hy chis 5ecurity Instrumcm or Lendcr'.r security intcretit. Borrower shali aiso ix in dciault if
<br /> � Borcower.du�ing thc loun rpplirutinn procesti,guvc muterially false��r inaccurate inf�rn�ation or stutemcnt�to Lendcr�or failcd
<br /> '. to provide Lender with any material information)in connection with the loun evideneed by the Nutc,inrluding.but ncit limited �x
<br /> to,representations concerning Borrower's�xcupancy of the Property a�s prinripal residenca [f tbis Security Instrument is un a --
<br />° leasehold. BoROwer xhaU comply with ull the provitii�m, c>f thc Icuse, If Borrower ucquirc. fec tide to thc Property, thc
<br /> � (easehold anJ the f'ce title,hall not mcrgc unlc.y Lcndcr agree�to thc mcrgcr in writing.
<br /> � , - 7. Protection of Lender's Rights in the Property. If Borr��wcr failr to perfiimi the cnvenants•rnd ugrecment�contained in `"'
<br /> "_ this Security Instrument,or there i.r a Irgal pr�xeeding that may �ignifirantly uffect L.enJer's right�in the Prcipeny (such ay r
<br /> _ , � • . prcxceding in bankruptcy, prohate, ti�r condcmnation or ti�rfciturr or tu cntiircc laws or rcgulutions), thcn Lendcr may do and ��`
<br /> _ - pay tiir whatcvcr is ncccssury to prot��ct thc valur uf dir PraExrty and Lrndcr'�right� in thc Property. I.endcr'x actinnti may F"
<br /> .I' , includc paying any sumti serured by a licn whirh hati priority over thi� Security Imwment, appc:aring in court, paying �:=
<br /> ;' . � reasonable uttomeys' fces und cntcring on thc Prop�:rty tu make repair�. Although L.ender may tuke artion under this paragruph ____.
<br /> • , 7,L.endcr dcx,nut huvc t��do so.
<br /> ' Any amount.disburscd My L�:nJcr undcr thiti paragraph 7 tihall bccomr aJditional dcM uf Borrowcr ticcurcd by thi�
<br /> : . Sccurity Imtrument. Unleti� Borr��wrr and LrnJcr ugrrr to uthrr tcrmti��f paymcnt, thrtir amount� +hall txar intrrr�t frum the -
<br /> datc ot'ditibursrment at the Note ri�tc�nd shall he puyahlr, with intcrc�t, upon noticc frc�m G:nder to Borrower requc.rting
<br /> • payment.
<br /> '� 8. hloM{�u}�c Insuruurc.If I.cnJcr��cyuired nu�ngagc in,urancr a.:a runJitiun ul'�naling thc luan ucur�d hy Ihi�Security
<br /> Instrumcnt, Borrowcr �hall pay thc prcmiums r�quircJ t�� muintain ttic mcmgagc imurancr in ctTcct. [f', fc�r any rcason, the
<br /> �'� . , mortgagc in,uranrc ro��crag�requirrd hy f cndcr lap.r.��r cra�r�tu br in effcrt. Burm��cr�hall pay thc prcmium,r�yuircJ tu '- -
<br /> ? ?' obhrin cuverage �ub+tuntially cyuivalent tu thc numgagc intiurancr previciu,ly in et'fcct, at a ru,t wh�tantially eyuivalrnt to thr �.-
<br /> ' °.�.,� cost to Borrowcr of thc mi�rtga�r imuran�e pm��i��u+ly in rff�rt. fmm an :dtrrnatr murtEagr iowrer approvcJ h�• Lendcr. If -.-
<br /> i � substantirlly cyuivalrnt murtgage intiurancc ru�rragc iti not availahlc. Rurruar�+hall pay tu I.cndcr carh nwnth a tium cyual to
<br /> s � onc-twclfth��f the ycarly mortgage intiuranrc prcmium Ixin�paid h��H��rrowrr Hhcn thr in�ur.tnre ra���ragr lap.ed ar cea�cd to
<br /> 'T� ; � lx in et'fect. Lender will arrept, u�e und retain thc.c paymcnt.u+ u lu�, rrscrvr in licu of mortEage intiurancr. L��,. rr�crvc ,
<br /> . - Form 3028 9l90 !
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