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<br /> - w�,�.,,�, " S. Ht�urd or Property insurance. Borrower shall keep the improvements naw exisdng ar er the �,�„��_ ___
<br /> r•'�;'�`.:;,�,.`.;'"� PrapeRy l�sured agatnst lass by tire. huxarda included within the term "extended covcragN'and nny other huu►rd:;, including �
<br /> ' �'��-. floods ar flaading. far which Lender requires insurunce.ThiR intiurnnce KhuU be maintuined in the amouats and far the perioda
<br /> �r�r"•''°'- thut l.ender requires. The Insurance currf�r provldin�the insurance shall be chosen by Barrawer subject ta I.ender'a upprovnl
<br /> �l��;�r� ' � which schatt not be unrcasanably withheld. If Borrower fails to muintAin a�vernge dcscribed ubove, I.ender may. ut I...ender's �
<br /> �:'�'•�`"� � optian,obtatn rovernge to pratect Lender'x cightF in the Prc�perty in accordance with purngraph 7. � _ -
<br /> ��••• � AH insurunce pulicies wxl cenew�l�, ahall be ucceptuble tu I.e�idcr und shult inctude a standard mortgage clnuse. Lender � _
<br /> � ���^i�"�r`��{4''p�` shall huve the right to hold the policiec and renewal�.If Lender rcquires,&�rrawer shull pramptly give ta L.ender alt reccipts af
<br /> � . ,. � � '`�. paid premiums und renewal natices.In the event of los�,8orrawer shall give prompt notice to the insurance cnrrler and I.ender. - --- -__
<br /> - L.ender muy make proaf of la�s if nat made prompdy by Barrawcr. �"`'=-'_"'��
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<br /> i " Unless I.ender ttnd Barrower otherwise agree in writing, insurWnce proceeds shall be applicd to restoratlon�r repair of the •, :,;;�;,�;;,;,____.._�
<br /> � • • � Praperty damaged,if the restoration or repatr is econamicaUy fe�.sible and Lender's security is not lessened. If the resrorutian ar �• '��� �*,�_
<br /> ° ' repui�is not ecunornicuUy feusible ar i.ender's security would bc lessened,the imurance praceecis shall be npplied to the sums ' '���;°' -�"'��
<br /> ° �� r�ecured by this Securlty Instrument, whether ar not then due, with uny excess pAid tn Borcower. If Bocrower abnndons the ;`.��.`�����. _
<br /> � •. � Propeny, or does nat unswer within 30 days a notice fram I.ender thut the insurnnce currier has offered to settle a claim, then . ;��i;a,�7,�`' '=�$��„;_
<br /> �� Lender may collect the insurnnce proceeds. Lender may usc the proceeds to repair or restore the Propeny or to pay sums - 4•��
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<br /> secured by this Securiry Instrument,whether or nat then due.The 30•ds�y perind wil l begin when the notice is given. ���
<br /> Unless L.endcr and Bormwer otherwise asree M writing, uny upplication af proceeds to princlpal shuU not extend ar „ . �``��`�'���-
<br /> postpone the due date of the monthly payments reFerrcd to in purugraphs 1 und 2 or change the amaunt af the payments. If ' `S`���-^�T '
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<br /> � under paragrnph 21 the Propeny is acquired by L.ender, Aorrower's dght to any insurunce po�icies and procc�eds resulting fram ` ° -'��;y�;��:'
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<br /> '" - damagc to the Property prior ro thc acquiritian shali pasr to Lender to the extent of thc sums secured by th�ti 5ecurny lnstrument - �,r,,,,,,,,o
<br /> � immcdiatcly prior ro the acquixitian. ��,�''�`�-
<br /> " 6.Occupancy,Preservallon,Maintenance and Protection of the Property;Horrower's I.oan Application;Leaseholds. , � �•T- • �•.
<br /> � Barrower shall c�ccupy.establish,nnd use the Property as Borrower's prtncipul retiidence whhin sixty days after the executlon nf �'�'t{����,
<br /> , this Security Instrument and shull continue to occupy the Propeny As Borrower'x principul residence for ut Irast one yeur aftcr � .n���,_•�
<br /> che date of uccupuncy,unless Lender otherwise ugrees in writing, which coment,hull nat he unreasonahly withheld,or unless •
<br /> „ ° extenuating circumstunce�exist which nre bey�md Horrower'x conlrol. Borrowcr xhull not destroy. dumuge or impair the •• '�k �
<br /> ° • Pmperty, allow the Property ti� deteriort�te, ar commit wuste on thc Property. Borrower shull be in J�fault if any forFeiturc ��
<br /> � � uctian or proceeding, whether civil or criminul, is hegun that in Lende:'+gond fuith judgment rould result in forfeiiure of the ��'�'
<br /> ' Pro rt or othcrwisc matcrially impuir the licn rreutcd by lhis Scrurity In�trument or Lendcr's accurity interest. Borrower may " '�"-'✓. , '
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<br /> -"—--- " - cure such u def'uult and reintitate,as prov�ded m purugrnph i 8, by cau�ing che uccion ur pnxrcJii�g tu ix di,wi„cx1 wiAi u t�uiit�g =--- ,� . �
<br /> thut. in I.ender's gex�d lhith determinatiim, prcrlude+ forfeiture uf the Bcrrrower's interest in the Property i�r othcr rnatcrial X + �
<br /> impoirment of the lien crcuted hy thi.Security In�trumem ar l.ender's �ecurity intere.t. Bnrrower shall also bc in Jefuult if ' �.
<br /> , Borrower,during thc loan applirution proretiti.gavc matcriully false or inucrurate inforniation or stutements to L.cndcr(or failed ' r
<br /> • w provide I.ender with uny mutcriul informatic�n)in connertion with thr loun evidenced by the N�itc, including.but not limited �'���!! '
<br /> tn. renre,entatii�m c.�ncerning Burri�wer'�exrununcy of the Pri�pertv u�u nrincinal residenre. If thi�Securitv Instrun�ent is an a __ �' �
<br /> Ieaxhuld. Bnrrowcr shull camply with ull thr provi�iun� ��f thc Icu+r. If Bnrrciwer acyuircti fce titic to the Property, the � �� '' ��''
<br /> ' Icusch<ild unci thc f'cc tidc�hall not nurgc unlcss I.cndcr ugrrcti to tl�r mcrgcr in writing. ;�,�';��
<br /> 7.f'rotection of I.ender's Rights in the Property. If 8urr��wcr fuilx to �xrti�rm thc covenunt�and ugrccments containcd in � �
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<br /> � thiti Securit��Instrumcnt, or there i. u legul pmrceding thut may .ignitiruntly affert Lcixirr'�rights in the Property(+uch uti a
<br /> � pmceeding in bankruptcy,prc�atc. t<�r rondrmnatinn or ti>rtciturc or tu enti�rer IuW��or rc�ulutiemti),then I.ender muy do and •
<br /> �'j pny for whutcvcr i� nccc+wry t��protcrt thc vuluc c�f thc Prciperty anJ Lcndcr'�right� in thc Pruperty. [.cnder'+ actiom may �,�.`��
<br /> inrludc pu�•in� uny tium� +uured by a licn whirh ha. priority u�•cr tBi. 5cruriq� Imtrumcnt, uppcuring in roun, puying f`��
<br /> � reuxonublc utturney.' fcr�and cntcring un thc Propccty to makc rcp•rir.. Alth��ugh I.endcr muy take action under thi�purugruph '
<br /> , 7. Lcndcr d�x.r ni�t huvc ta Jo�<i. I , ,
<br /> Any �mciunt, disbuncd hy l.c:nder undcr thi� parsigruph � .nai� ix«��„� :►aa�������:►i ��n� uf Burruwcr �rrurcJ by tDi� I �•
<br /> Security Imwment. Unletiy $orru�vcr anJ l.cndcr ugrer tu othcr tcrmti uf paynunt, thc,e amuunt+ shull hcar intcrc,t!'rom the •
<br /> dutc of disburscmcnt at thc N��tc rate anJ �hull Ix payahlr, w•ith intcre�t. upon n�nicc from L�ndcr tu k3orroNrr rcyuc,tinb I _
<br /> puyment.
<br /> • 8.Mort�a�;e Insurunre.It'Lcn�cr rcyuireJ murtExgr in,urunrc ati a«�txfition�if makin�th�luan serurcd hy thi�Sccurity
<br /> Instrumcnt. Borrowcr�hall pa�• thc pr�mium, r�yuircd tu nr.�intain th� mnnEugc in�urancc in ct'fcrt. If. tin ai�y rcation. the � � �
<br /> mortguge in�uranre cavera�:c rcyuirrd hy l.r►xlrr lap,c,ur rca,c.tu hr in et't�rt. Rarruerr ,hall pay the premium� rcquired t��
<br />' � oNtuin covcrage suMstantially cquivalrnt tu thc ►ncm�ugr in,ur:tnrc prcviau.ly in cffrct,at a ra�t.uh.tuntiaUy rquivalcnt lo thc j
<br /> , cust to Burn�wer ot'the m�irtguge in.urunrc pre��iou.ly in effcrt. fn�m an :durnatr nwrtgagr in.urrr appr��ccd b� Lrndcr. If �
<br /> ,ub+tuntiull�•cyui�•alcnt nturtga�!c inwrancc ro�•rr.i�!c��nut a�•ailanlr. Fiorr�,��cr,hull pa� t�� Lcndcr cach nwnth•r.wn�yual to
<br /> ' onc-twcN'th��f thc ycarly mc,rtgagc inwrancc prcmium hring paiJ hy Burru��er�chrn thc i�i�uranrc curcragr lup�cd ur r�a.cd ti�
<br /> ° bc in effect.Lcnder will •rcrcpi. uu and retain thru p;n•mrnt,��, n lu.� re.rn•r in liru uf nu�rtga�r imurancr. La,. re.crvr '
<br /> Form 3028 9/90
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