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<br /> �`�'""��' S. Ht�znrd ar Pro ert Insurnnce. Borcowcr shull kce the im r�ivemcnts now x. in or erea er e d �m the
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<br />-- � �x�. y Propeny in�uiril Against loss by fire, hiunrdx included within tho tcrn�'cxten�lcd cuvcr�ge" unJ uny utDer hurardx, fncluding -- _ -- _.___ _—.
<br /> _- flaxls or flooding, far which l.endcr requi�cc�insuriincc.Tl�ix inrurunrc xhull bc muimaincd in U�c umauntr and fc�r thc periacfR __ _
<br />� ��•�"• that t_ender requires. The insurunce ci�nicr providing tNe in�uruncc hhali tx ch���en by qnrruwer tiuhicct tu l�ndcr'�uppmvul
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<br /> which shull not bc unrcatianubly wilhhcid. If B��rrc�wcr fuitti tn nmintuin ca►�crugc de,crih��l ufinvc. lAndcr�noy, ut IAndcr'x �
<br /> • �•�, optian,o4�tnin covc�agc ta protect l.endcr'�right+!n thc Property in urcurduncc wfth purnKriiph 7,
<br /> _- =� r�� �:i" All insuruncc {x�licic+und rea�w.►!n shatl tx:ucccptubk to ta;ndcr;utd�hall iuclud� u titand:ard u�nrtgu�c cluusc. l.cndcr ' ���-__
<br />_ ����}��`xy ahall nave the right tn hold the policies and renewul�. If l.endcr require,.Bornitver rha�U ptumptly�ive to I.endcr all rcceiptx i�f .��'d
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<br /> ;"'•" ` � � " paid premiums:�nd renewul noticc�. In thc event of lus,,[inrr�iwer shuli give prumpt naUrr ta thc in.ruruncc curricr und l.�:ndcr, - -
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<br /> �}:�.�� . l.endcr muy mukc p�ac�f of losx if not modc promptly by Barrowcr. -.���':�.•••��==-_-
<br /> � Unlcss L.ender and 9annwer otherwise u ree in writin ,insurance racceds r�hull bc u liai to rcstorution nr rc uir of thc • ��''`�'r"�`�.",.
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<br /> :�,, • � , Property damaged,if the re.r•torntion or repajr is ecanamicully f�uslble und I.ender's securhy ix not Ie�+�ned.If thc restorutian ar . -
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<br /> � „ • repair is not ccanomicully fca.rible ar Lender'x securlty would be le�sencd, Ihc in+urunce proceeds shull be applial t�the sums • . --
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<br /> `''-�:'...� �.�'— s�sred b; thi� ����t; �!±�r��mrnt. whrth�r nr nnt then due. with urn excess paid tu Barrpwcr. If Bc�rrower ahandons the � -� •"����'�
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<br /> �;.. ., Praperty, or does not answer within 30 dAys a notice from l.ender thut the insurunce currler has affered to setde a cluim,then , � ;,�
<br /> Lender may collect the insurance proceeds. L.ender may use the proceeds to repuir or restore the Propeny ar to pAy sums ' � ,-
<br /> � secured by this Security instrument, whether or not then due.The 30-day pericxi will begin when the notice is given. .
<br /> Unless Lender and Borrower othernise agree in writing, any applicatton of proceeds ta principal xhall not extend or .
<br /> ' , poupane the due date of thc monthly puyments refcrrcd ta in paru�raphs I and 2 or chunge the amaunt af the payn;ents. It " • _
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<br /> ` � ' undcr ara rn h 2l the Nra rt iti ac uired b Lender, Bonower's ri h[to an insurunce olicies und rocccds resuitin frorn � ��� —� �
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<br /> , � dama�e ta the Propeny prior to the acquisition shuU pass to Lender to the extent of'the sums secureci by this Secunty instrument <�� • �: y
<br /> immediately prior to the acquisitian. • ' �
<br /> 6.Oceupancy,Presen�atton,Muintenance and Pratection of the Property; Borrower's I.oan Application; I.easehulds. + : -
<br /> Bc�rrower shaq occupy.estahlish,and use the Property us 9orrower's principal residence within sixty days after thc execution e�f �
<br /> this Security Instrumcnt und shall continue to occupy the Property as Borrowe�+principul residencc for ut Icust one ycar aQcr I ' ,,, ,� '
<br /> the date of occupancy, unless Lender otherwise agrees in writing, which consent shaU not be unrea,onably wiehhe(d,or unless . � '
<br /> excenuating circumstancex exist which nre beyond Borrower's rantm�. Borrower shull not dcstrny. Jumage��r impuir the . ' �' n�O
<br /> • Pruperty, allnw the Property to dctcriomte, ar commit waste on thc Propeny. Borrower shall 6e in defuult if nny forfciture ,;c,�t""
<br /> � uction or procecding, whether civil or criminal, i+lxgun thut in I.ender'ti gnod faith judgment cnuld result in farfeiture of thc ';'.•'�
<br /> • Property or othenvise materially impair the lien created by thiti Security Intitrument or Lender's ucurity interetit.Borrower muy �•"���
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<br /> - --- — cure tiuch a Jefauft and rcin�tate,us provided in purugcuph i8,by cau+ing ci�eaction o�proceeding co he dismi+seJ wich u ruiing --' _-_" -� i �"
<br /> that, in I..ender's gond faith determination, preclude+ fi�rfeiture of the Sorrowcr's intcrest in the Propeny c�r othcr materiat f•
<br /> • impairnunt of the lien created by this Securiq• In,trument or Lender's ti�curity interest. Borrower shull also Ix in defuult if ;�
<br /> � Borcower, during thc loan applic�tinn pr�xes+,gavc matcriuUy fulrc or inaccurutc inforn�ation or�tatements to I.ender(or failed � �•
<br /> to provide Lender with any mnteriul informutinn)im m�ncction with thr Ic�an cvidenccd by the Nate. includinb,but not limited "' .`�'
<br /> to,representatiom coneerning 8cirro�ver's orcupuncy eif the Proprny ati n prinripal residence. if this Security Irntrument is on a � �
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<br /> Ica�ehald, Borrowcr shall camply with all thc pr<witiicmti �if thc Iwsc. If[iurruwcr uryuires fcc tidc to thc Pmperty, the �"
<br /> ' ° Icu�chald und thc fcc titic shull not mcrgc unlc,� LenJcr ugrcc�t<►the mcrg4r in writing. ��;�
<br /> ' 7,Protection of I.ender's Ri�hGti in thc f'roperty.If 8urrowcr f:►ilti to prrforiu thc covcnunt�anJ ugrMnunt,contuincd in i� „ ,1
<br /> " thi,Security Intitrumcnt, c�r thcrc iti u lc��d prorccdin�thut may .igniticiintly affcrt I.cndrr'� right�in thc Praperty tsuch�� a °
<br /> proceedin� in hankcuphy, prob:►te, fi�r cun�tcmnatiun ur ti�cfeiturc ur tu enfnrcc laa•s��r regulationti), thcn[.cnJcr may do and �
<br /> „ puy for whatevcr i� necetitiury ta pmtect the valur of thr Prnperty and Lerxkr',rightti in the Prc►peny. I.endcr's uctiom msy � •,���
<br /> - includc p:�ying uny sum� sccurcJ by a lirn whirh hati pri��ric�� �wrr thi+Sccuriry In,trum�rnt. uppu,ring in c�un, pa�•ing •''`- �
<br /> reasonable attornc x fccti and entcrin� �m thc Pr�� e��t to makc rc air..A Ithnu�_h Lcndcr mu take a�tian under thi� aru�ru b �'",�" '
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<br /> 7,I.�;ndcr docs not havc to do xo. �
<br /> Any nmounts d�sbur,ed by Lencier under thi, paragruph 7 ,hall bcc��mc addiunnal debt ot t3nrrower ,ecured by thi� ' � �
<br /> Security Instrument. Unlc,r Bc�rmwcr and I.endrr ngrce to��thcr tcnn,af paymcnt, the.c am�wnt� ,hall bcar intere.rt from thc ' •
<br /> date of dishunemcnt ut the Notc rntc and shall hc payuhlr, with intrrc�t,upon nutirr t'r��m LcnJcr to Bnrr���ver rcyue+ting � .
<br /> paymcnt. I
<br /> _ R,111oMRe�n Incurnncc. It 1.erxirr rcquircd m��neagr in.ruranrc a�a ccxxiiti�m ot'makinL thc l��an scrurcci hy thi�Sccuritv I .
<br /> lnstrunxnt. Bc�rrawcr .hull pay thr prcmiurn, rcyuircd t�, m;iintuin thc mort�uE� imurancc in�ff�ct. If'. (��r any rcu�on. thc I ,
<br /> • mort�;age in,urunce rcn•cra�c reyuircd h�•Lrrxlrr lap.re,or rrax+ to he in cffcrt. 8orru��•cr+hall pay thc prcmium� rrquircd tu �
<br /> , . olxuin covcragc.ub�tantially�yuivulent tu thc mcmgugc inwrunrc prcviuu.ly in cifcrt, ut a co�t,ub�tsntially rquivalrnt tu thc !
<br /> ro�t ta&�rmwrr��f thc mortgage insuranrc prcvi��u�ly in cffcrt, frutn a��alt�rnatc nwrtgage in+urrr ap�+mv��l hy Lrndrr. If '
<br /> wbstantiully cquivulent mortgagc intiurance rw•eragr i�n��t u�•.�ilaMc. &irruisrr�h:dl pa�� tu LcnJer cach nwnth a�um�qual tu �
<br /> � onc-tu•elRh��f the ycarly nwn�age in�urarke premium hring paid h}•Burzi���cr eh�n thc in,urancc c��vcragc lap�ed ur rrutied t�� ;
<br /> ' hc in effcct.l.cndcr will xrrcpt. u.r unct rct.►in thc�r pc+ymcnt+.0 u luti� r��cn•c in licu of m��rtg:igr in�urancc. L���r rrticrvc �
<br /> Form 3028 9190 �
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