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<br /> � , S. Ha�.ard c►r Pr��perty Insurunce. Horc�iwcr shall kecp thc impravcmcnts nuw existin L'Pcu cr r thc �•� '� -- `��-`--
<br /> ! • ' � � Praperty insu�ed uguinst t«sti hy fir�, hu�.urds inctud��d withi�thc term "extcndcd covcragc" und uny�ithcr har.urds, including �`s:°_:=�=�_-- - -
<br /> '�:�` '' " ° ':��'s flonds or Ilaxlinb, fiir«hich l.ender require.r•lmurunce. Thic insurunce shall be muintuineJ in tho umnuntsund fiar the perlods �_�-� . �__
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<br /> i thut [.ender requirew.Th► intiurance currier providin�thc insurnnce shall be cha�en by Rurr�iwer auhject t��l.ender'c upprovul �;��.,_:_.
<br /> :,;;�i�:�ti� '�•r; =Y which hholi not bc unrca�onaMly withheid. !f�nower fAils tu maintuin roverugc dexcribcd ubc�ve, l.ender may. ut I.ender's �=`-
<br /> �z�•� " o nptiun,obtain cmeruge to prutect[.endcr':.rights in the Pmperty in uccardunce with paragruph 7. -" `�"N�i-��=-°�._.�-
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<br /> '` • , ;� All insurunce pnlicic+ and tenewuls sh��l he ucceptuble to L.ender und shull include u ytundurd mortgagc ctuuse. l.endec �`:t��%-°-�� -
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<br /> ��'� `��' " shult huve the ri ht tu hnid thc olicicx und rencwuls. If[,ender re uires, Borcowcr chnU rom tl ivc to Lender all recci tti of '
<br /> .;., S P 4 P P Y B� P •.::",b.�Y��.•_-=------
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<br /> puid premiums cend renewul notices. In the event of lo+e. Borcawer shall give prompt notice ta the insurunee currier und C.ender. -:,_�+,."�i;�s���
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<br /> •r i.ender muy mukc pra�F of loss if nat mude pmmptly by Borrower. ,,, �;,.�,�,,,._
<br /> Unlexs Lender and Darr��wer otherwi,e n ree in �vritin . insur.►nce raceeds xh�U be a lied tc�restoratlan or re ai�of the " ' ��F�* '`�.`���.
<br /> , S 8 P PP P �'" t
<br /> ° � , Property damaged. if the retitarutinn or repui�iti ernn�micully fea�tblc and I.endcr's security is nnt Icxsened.If the restoration or '�'�'�,l�?����'_._
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<br /> • " .. � repair iti not econamicully fru.tiible c�r Lender's security wcw�d be lessened,the insurunre proceeds shaU be applied ro the sums ,;;��;,�, ,�rr�.•°.'
<br /> , secured by this Security Tnstrument, whether or not then due, with uny excess puid to Horrower. if Borrower ubundons the +'�•'•'�^��:�•
<br /> " Propcny,ar docs not answcr within 30 days a noticc from l.endcr thut thc insurnncc curricr hus affcrcd to scttic a claim,thcn "r.�•="• "'���• �'T;;` �-
<br /> i� ,. Lender mu collect the insurance rcxeeds. I,ender ma use the rc�ceeds to rc air ar restare the Pro n or to a +ums : � t'°'"' �
<br /> Y P y P P P� Y P'Y • �� �
<br /> � secured by this Sccurity InstNmcnt,whethcr ar not then due.The 30-day period wiU besin when the notice is given. � � �� •<�•":=:
<br /> Unlesc Lender und Barrower otherwise agree in wming, nny applicudan �f praceeds ta principal shall not extend or �`' �:-�
<br /> .. . p o s t�n e t h c d u e d u t e o f t h c m o n t h l y p u y m e n t ti r e t c r r e d t a i n p a�A g r a p h s I a n d 2 o r c h u n g e t h e a n x i u n t o f t h e p a y m e n t s. I f ..�� 4�,;�:4��•-
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<br /> _._,, ,_ _,__ __..___ under paragrnph 2! the Property ix ucyuired by I.endcr, Barrower's right to uny inxurance policie+and proceeds resulting from � •��--•°--�
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<br /> dumage to thc Praperty prior to the ucyuitiition shull pms tal.ender ta the extent of the sums securcd by thts Security Instrument �- `�`�_
<br /> immediutcly prior to the ucquisition ���
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<br /> � 6.Occupnncy.Preservation.Maintenance and Prc�tect[on of the Property; Borrower'�s I.aan Application;I.ea�seholds. , �.�, �`i��``
<br /> �� ' Borcnwcr shull ocru estubli�h,und u+e the Pru ert ati Aorcower's rinri ul residence within sixt da s aRer the execution of �''�1= �
<br /> PY• P Y P P Y Y . �.f;. �,:-�.:
<br /> this Securiry Instrunxnt and shuU continue ta occupy the Propeny us Borrower's principul rcxidence for at least one year ufter `?�:�::=—
<br /> ' thc datc of occupancy, unless I.ender otherwisc ugrces in writing, which amscnt shall not be unreasonuhly wi[hheld,or unless '�°�
<br /> ' cxtenuuting rirrumtitunres exist which urc beyond Borrixver's control. Bnrrowcr �hull not dcstroy, damuge or impair the .� ',,.;'�.
<br /> " Propeny, ullow the Property t��detcriorntc, ur comrnit wactc on thc Property. Burrowcr xhall bc in defuult if any forfetture '
<br /> �• , uction or pruceeding, whether civil or criminul, it hc:gun that in i.ender's g�xid fuith judgment could result in forfeiture ot'the {�-
<br /> � �' � Property or othcrwitic matcriully impair thc licn created by this Scrurity Instrument or I.endcr's security intcrrst. Borrowcr mny __ __ _ �;,;,��
<br /> T cure such a defuult und retmtute,us provided in puru�nph I8, by ruusing the artiun or pracecding to be dismissed with u ruling
<br /> ., . � thut, in L.ender'x �±cxxi�fuith detemiinution, preeludes fc�rfeiture af the Borrower's interext in the Aroperty or other material - ,� .
<br /> .. „ impairmcnt of the lien creutcKi by this Securiry In+trumcm or Lendcr's serurity inure+t. Borrower shull ulso be in default if '
<br /> „ � Borrower,during the Ic�un application prexe»,gave n�aterially false or inurcurute infi�rmuticm or stutements m l.ender(or failed � / `
<br /> to provida L.ender with uny muterial informutinn)in connenicin•,vith the Ic�un evideneed hy the Nnte,including,but not limited . �'.�'
<br /> . - . _ . t� ���mgnnt�(ipn�rnR�rmi��jt���rrn�•n,r•c�rr����Rr�. nf t�nP���nnno nc•��rinri�;i) r�•cirinnrv+ ff thiv Crrttritv Inctn�mMnt 'tc nn N ...... .�_ • `
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<br /> , , leusehnld, Biirrowcr�haU comply� with ull the provi5icins of the Ica,e. If Borrower ucquires fec title tn the Property, the � �;,��•
<br /> • leasehold and the fee titic shall not mcrgc unlcsz Lendcr ugrcc�to the mcr�cr in writing.
<br /> ' 7.Prntection of Ixnder's RiRhts in the Propertr. If B��rrower f:�ils to perliirm thc covcnants and a�ercements cantained in �;'��.'-
<br /> - thiti Security Imtrument,c�r there is s� Irgal praceeJin@ that may.i�nitiruntly :�ffect l.ender'�rights in the Prciperty (such u,a ,
<br /> � .ti prexeeding in bunkruptry. prubute, for cundemnation nr f�xf�iturc ur tu�ntirrcc luw.ur rcgulati�m�).then l.ender muy do und •.: '�.,��
<br /> f , puy for whutever i�nccess:try to pr�uect thr vuluc of'ihc Pre�perty und LenJer'. right+ in the Propeny. Lender'+actiorn may .r-�:
<br /> • � include paying any zums serured by u �ien whirh Iwti pric�riry ovrr this Sccurity lnrrrument, appeuriag in aiurt, payin� ;:��
<br /> � rcasonable uttorneys'fee�und cntcring on the Property to makc repaira. Although Lendcr may take uction under this puragr�ph ' ��}`. •
<br /> ''• 7,[.ender does not have to do.o. �� ,
<br /> , , Any amount� d�sbursed by Lender undcr this ptragraph 7 ,hall hecumc �ddiu�mat dcht ut ti�urowcr �ccureci by thi.r I °
<br /> • 3ccurity Intitrument.Unle�.Bc�rrnwer and Lender agrcc to uther trrnn ut'payment, thrx umount� shull hrur intcrc+t fram the ..
<br /> dute of ditibursement ut the Note ri+te .�nd .hall he Fuy:�hk, with intrre�t, upon noticr Trum Lender ti� Burrc�wrr rcyue+ting �
<br /> payment.
<br /> 8. 111ortgst};e Insurnnre. If Lendrr rrquirrd moriE��gc in�arimre;�.:�r�mditian��f m;�king thr I�,an.rcured hy thi.S�tiurity . ,
<br /> In,trumcnt. &�rrowcr �hall puy thr prcmiunr rcquic�� tu maintain thr munga�� in.urancr in rft'rct. If, fi�r any reawn, thc �
<br /> ' mnrtgugc insuranrr covcragc rcyuircJ by Lendrr lap�c+ urcr:�+c.to hc in rf'f'crt. Borroa•rr�hall pay thr prrmium�reyuircd ti� I
<br /> obtuin coverage.rubstantiutl�•ryuivulrnt tu thr murtgagc iinuranrc prr�•iau���� in eCfert. ut a ru�t�ub.tantially��qui��alent to the �
<br /> � rost t�� &irr��wer af thc mongage in.urunrr pre�•i��u�Iy in�f'tert. Iram an ulternatr murtgugr i�uurcr uppr�,ved by Lendtr. If
<br /> suhstuntiully cquivalent murtgage inwraace crn�rragr i�n�,t availahlr. [3urru�c�r.hall pay t�, LenJer rarh numth a�um cyual tu
<br /> r onc-twclfth ot thc ywrly nwrtgagc in�urarkr prcmium hcinE�aid by Hurru��cr�vhrn thc inwrancc c<ivrragc lap.�tif ur rca+ed to !
<br /> ; be in rffert. Lender�►•ill aecept.u.c and retuin thr,r}�a}iium� a, a la.. rr�rr�•r in licu at m�►rtga�r in,uranrr. I_o.. rr�cn�� �
<br /> Form 3028 9/90 ,
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