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<br /> 3, Hwrd or Pry►perty Ituumtxc. &►rcuwcr rtwll kcep thc improvement�now exicting o� hercufter erxtod on the
<br /> Property incura!uQuinst loss by iirc, hxrLrd�includal within the term 'exteixlai coverwge"atxl rny�Nher hur�tdr, inclwliny�
<br /> Ilcwd�ar flooding,for which l.cnder requirex inxurrtkc.Thtx fnsur�n��e.twll hc nwlnt�inai in the��rxwnts and for�hc perlal*
<br /> tluU I�ender roquires. The inwranre carrier pmvidinK the inwrynce xhRll I+o rin�xn by &►rrowcr subjut to L,e►wkr's�uppn►vwl
<br /> which �Iwll rxK be unrcasurwt;ly withhcld. If&�rrowcr fuils iu nwint�in cuverubr dc�:rilxJ utx�ve. Le�xier m+�y, ut l.enJer'r
<br /> - —� uptiatin.uhtwln cuv�rrgc tu pr.xe.:t LeiKlir'�righty in thc Pr���xrty in acc�►rd•rncc with paragruQl►7. --
<br /> All in+uruncr policic� aixt rencwulz sh:►II t+c urccptublc to IA�xlc�u�xf +hull iikluJc a�tuiulur� nx�rtgugc clauu. I.ciuicr
<br /> — �hall havc thc rlght to hold the palicies a��d rencw•rl�. U'l.r�xkr reyuirc+, t�►rrowcr shuU pron�►tly givc tu IAixlcr al!rMCi�t�of
<br /> _— -- pafd prcmiwn,��ui r�ncu�al noticcs.!n thc r�•cnt of los,,t�im+wcr�hail givc pr�nnpt n<iticc�o ihc inxur�rx•c c�rricr unJ l.cixlcr. A
<br /> LenJer nwy muke pr��f of Icns if not nwde p�ampNy hy&►rruwer.
<br /> _ Unlc��i.endcr:�nJ 8orn�wcr iNhcrwisc aRrcc in writin},imurunrc pr�kcal.r�h�ll hc upplial to rctilur•rtion�tt rr�;►i�of'thc
<br /> Pro}xrty dwewged,if thc rcstorution or repair is crunnmicully fcasihlc a�xl IA�uler'��ccurity is not Ies,eneJ. If thc re�torutinn or �-
<br /> rcp•rir i� rwt camnmicully fcaxiblc or I.cixicr'.K�urity would hc Icssencd,thr intiurancc pnxc.xi�shull lxx upplicJ to thc sumti
<br /> wcu�ed by this Security In.trumen[, whether ar not then due, with any exce�s paid to&xniwer. If&��rower uba�xluns thc _
<br /> - --� - -• _ - Pmperty. or dc�es not a»tiwer within 3Q days u notice t'ram I.ender that the in�uraiue currfer h:�.atfer��i tu scule•r rlaim.ihen __
<br /> L.cn�ier nuy collctit tl�e insura��ce paxccd+. I.encier muy uX thc pr�xceJ, tc� rcpafr ��r rc�turr thc Pruperty or te�pay rums
<br /> securod by thi�Securiry lnst�ument,whether�tt not then duc.Tl�e 30-day�xricxi will tx:�:in when th�notire is given.
<br /> Unlcss l.endcr and Bormwer athcrwisc agrec in writing. :uiy applicati�m uf prcxecJti tu principal �haU nc►t cxtcixl or
<br /> postpone thc due date of the monthly paymcnt, refcrr�d tu in purugraphs I anJ 2 or rhungc thc amiwm of thc psyments. h'
<br /> under par•rgroph 21 t6c Prapeny is ucyuired by 1.cnJer, &�rrower'x right tci any in+urancc p�dicics und pr�xccd�resulting frum = -
<br />,._, � damuge to the Property prior ro the acquisition shall paxs to Lendcr tu thr cztent uf the sumx xwured by this Scruriry lnstrument
<br /> immcdiatcly p�ior to thc acquisition. '-
<br /> _ " $� " 6.Occupancy,E'reservatlan,Maintens�nce und Prati�ctfan of the I'roperty: linrruK�er's[.��an Applic�►tiun;Lc�cehuldti. �,;;�••
<br /> Borrower�hull cxcupy.estublixh,and u�e thc Pro�xrty a,&�rrower's prinripal residcnc�within sixty days after thc execution uf
<br /> . "°-• -'`�' '• �•' '� this Sccuriry In.rtrumcnt and shalt continuc to�xcupy thc Property uti Borrowcr's principal rctiidencc for rt Icatit irac ycur aftcr -••-•
<br /> ,;.�•..:•. :.. , the dute of accupancy, unleti.G:nder otherwise agreeti in writing,which con.rcnt tifiall not be unteaumably withheld,or unles�
<br /> �t��` � -� extenuuting circumtitance.r cxi.t which are beyond BoROwcr'� contnil. &�rrowcr tihull nut detitrc�y, damage or impair the =
<br /> ,'7'�,T�'�°��� Property, allow the Property to detcriorate, or cnmmit w.i,tc on tbc Property. &�rrowcr tihall hc in default if any forfciturc
<br /> '�q action or prcxeediag.whethercivil or criminal. i.r• bcgun that in Lcnder'�gcxul fuith judgment could result in forfeiwre of thr
<br /> yJ,n ��t:::•
<br /> ' ` '�� Pra rt or utherwi�e materiall em air the lien creuted b thi.r Secu�it In+trwiKnt ar Lender'+securit intrrc.t. &►rrower mu
<br /> _ , ��i5.'e:;.w;�' P� Y Y � P' Y Y Y Y
<br /> " ,;,+=ti.• - • cure such u defuult und reinstute,us proviJed in p•rrrgraph 18,by cau.ing the action or pa�eceding to be Ji,mitised with a ruling ___
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<br /> �''" '"` ��� that, in Lcnder's gc�ai•faith determination, precludes forfeiwre af thc &�rrowcr's intere�t in thc Property or other material
<br /> i:c.�:r►:�,:�
<br /> - ��:;;;,,. ;;=1- , impairt►knt uf ebe licn cre•rtc.t�y ti�i. "a�ur+ty i�+irumcr�t o; lxncl�r'r. �:�YUrit}• interer>t. &�rrai�er �:ha!! sl:.e t�e in default i!'
<br /> . _,•,L��" Bc�rrowe�,during the lo•rn application prcxess,gave materially false or inaccur•rte infnrn:ation�►r statements tu l.encier(or failed
<br /> • .. to provide Lender with any matcrial information) in conncction wi[h thc lu;�n rvidcixed by the Nnte. including, but not limited �
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<br /> to,repretientation;conceming Borrower'.ocrupancy of thc Pro{xrty ati u principal r«idcnre.lf thi�Security lnstrument i,��n a
<br /> . . Ieasehold. Borrowcr �hall c��mply with all the provitiionti of' thc Iea+e. It' &�rr�iwcr •rcyuires fce tide to thc Property. the
<br /> . �'• • leasehold and the fee tide shall n��t mergc unles�Ia�nder agrc�w to thr mergcr in writing. � .
<br /> �1'� '• • 7.Protcctian of I.ender's Rights in the Prnperty.If'Bnrrowec fails to perfi►rm the mvenant�and agrecmentr containcd in F-`
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<br /> ,;_ ;"'�..•�; this Security Instrument, or there is u Iegal prcxreding that m.�y �ignificanNy affect Lrrxler'�right� in the ProFxrty �surh a�:� ��
<br /> ID• :-,� . proceeding in b�nkruptcy,prabate, fiir condenmsti��n ur fi�rfeiturc or tu rnti�rre luws or regulations), then Lender nwy do und �.'."
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<br /> •- pay for whatever is nece.wry tu protect chr value of the Propeny und Lendrr'+ right� in the Propeny. L.eixlrr'.urtions may
<br /> � ' ` include a in an sum� secured b a lien which ha, riarit o�•cr thi+ S�curit In,trument, a rrin� in coun. a in , •-
<br /> P Y R Y Y p Y Y PP�' � P Y F
<br />-• � r • re;�um•rblc•rttorneys' fec�and entcring on the Pr�►peny tu makc rep3irr. Alth�wgh [.cndcr muy tukc uction undcr this pa�agruph
<br /> ,_ , 7.I.c►ulcr dcx.r not havc to do so. _:.
<br /> . .. ...,, .. Any asnounts ditiburxd by Lender undcr thi+ para�raph 7 tih;tll hiconte uQJiti�mal JeMt af &irrow�er tiecured by thiti
<br /> "' Seruriry Imtrument. Unlcs. &irrowcr anci [.�ndrr agrcr tu i�thcr tcrnu uf paynxnt,the.r anwunt}.ha�l Fkar imcrcst frum the =
<br /> Jate oF d��burscment at the Notc rutc uncl ,h•rll be payublr. w�ith intcretit, uEx+n natire frum LcnJa:r to Burcowcc rcyue�ting !-_.f
<br /> _ - payment. i��
<br /> ".::'.` � . 8.R1ort���e Insuranee.If Lend�r rcyuir��i mortgage in,uraix�a+u r�mditi�►n oT making thr lu.m xcured hy thi.Security :.
<br /> � Imtrunknt, &�rrowcr .hall pay the premiunn rryuimJ tu maintuin th� mortgag� in.uranre in cffect. If. tor any reasein, thr �"
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<br /> ° •�`... R B b' 9 � P P' P 9 .
<br /> . �' mon a e imurrncc cavcra•�re uind b• I.cnJcr la ks or rca�eti tu lx in rffcrt. &�rn►W�r +hall ay thr remium� rc uircd w
<br /> '�` .;�ti�� obtain cuv�rugc +ub.tantially cyuivrlent tu thr mongagr in,uranrc pre�•i��u.ly in effirt, at a rotit subtitantiall}•eyuiv•rlent to the .
<br /> � '� ro�t t��&�rrowcr oC thr mun�a�c in�uranrr m�•iou.l ui rffcct, fr��m an altcrnatc nwrt�a�c inwrcr a ro��cd b Lendcr. If
<br /> b � P Y � b'b PP Y ;°i
<br /> '. .,; • tiuh�trntially cyuivrlcnt nx�rtgage intiurance cuvrragc iti tx�t availahlc. B�,rruwrr.hull pay t�+Lender�ach trnmth a.um cyual t��
<br /> � . onc-twcUth o(thc ycarly mongagc in.urancr prcmium t+ring paiJ hy Burruarr Nh�n thr in,uranrc r�nrr.igr Iil(1\l'(J lli l'l':IXYI IU
<br />_u� �` "��y'.•-��t . bc in effcrt. I.�nJcr W�ill acccpt.u�c and retain thr.e paymrrity u, a lu., rrun•r in licu UI Oh�CI�:I�,tl iutiuranr�. L�,+. r�Krvc ;
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<br /> � � � Fam 302B 9l80
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