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<br /> -- - v`°� 3. Hauurd or Property Insurunce. tiorrowcr sl�all keep thc impmvementx naw exlstinA ar h�reafter erected an the
<br /> 'v,���� pr�peny insured nguinst lass by fire. hu�nrdR includcd withM the term "extendal cavcrnge" and any other haxurdfi.incl�ding
<br /> - --- floads ar floodtng,for which l.ender requi�insurance.This inyurence Rhsll be ma{ntuincd in tho amaunts and for the peric�ds
<br /> � thut Lender requires.The insumnce cArrier providing the insurancc Rhull he chasen by Bnrmwer RubJcct to I,ender's upprovnl
<br /> - which Fhull not be unmasonably withhold. If Borrowcr fhils ta maintuin�average dcacribed abovc, Lendcr may, at I.endcr'»
<br /> �-- �_�=.,.�,,,_�,, aption,obtuin coverage ta pratect(.ender's rights in the Pmperty in ucconiance with purag�uph 7.
<br /> �`,� � Alt insurar►ce poiicles und renewais shaff be u���epiuble w L.euder and hhall lncludc u nWndurd mc�rtgagc clause. i.endtr �---�— - -
<br /> 'i� shail have tho dght tn hald the polictes and renewals.If i.ender rcquircs.Borrawer shAll promptly give ta I.ender all receipts of
<br /> �•:.�,.�.;,r='• paid pren�iurns a��d renewal nutices.In the event af loss.Barcower shall glve prampt naticc to tho lnsumnce cnrrier sind l..ender.
<br /> �,�;����"��£ , Lender may msice proaf of lass if noc mude promptiy by Barmwer.
<br /> '_ `� •''�'•�:-•'��.�:• Unless Lender and Borrower otherwlse ngree in writtng. insurunce prnceeds ahnil be�pplied to restomtfan or repair of the
<br /> ��'�:;�=���::+,t:" propeRy darnaged,if the restoration or mpair Is econamically feasiblc and Lender's security is not Icssened.If thc restomtion or
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<br /> �, ;� � � repair is not economicalty feaslbie or i.ender's xecurity would be lessened.the insurunce procecds shull be applied to the sums �---�__�• __ -_---_--
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<br /> -' � =�� �- "-` secured by this Sccuriiy i�„t�u�uc��t. whetber ar aot then dae, !�ith sny exccwa�,nid tn Rnnower (f Ii�nnwer abandana the
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<br /> f � . Praperty,or dces nat answer within 30 dnys a notice fram Lender thut the insurunce cnrrier huc offered to settle a claim.then
<br /> � ��; Lender may collect thc insurance proceais. Lender may use the procecds ta tepair or restore the Property ar to puy sums
<br /> � . .� . �� secured by this Securlty Instrument,whether or not then due.Tfie 30-day periad will begin when the notice is given.
<br /> .. Unlese Lender and Bonawer otherwise ugree in writing, any applicution of proceeds to principal shall not extend or _
<br /> ! " ., ' postponc thc due date of the monthly puyments rsf�rred to in paragraphs t and 2 or change the amount of the puymentR. If ____
<br /> __ _ _,____�_.� urd,•f psT,y�rn�+h�t thr Prn�rty ic a��nir�d by I.Cnde�. Borrawer's rieht to any i�FUrnnce Sx►ticlec and�srocaxis resulting from �_ __
<br /> ' � " dumage to the Property prior ta the acquisition shell puss to I.ender to the extent of the sums secured by this Secudty Instrument '�`'-'"°
<br /> • immediately prior w the ucquisitlon. �''.��
<br /> ', . 6.Occupancy, Preservation,Maintenance and Protectian of the Propertyi Rarrower's I.oan Applicationi I.caseholds. ;;t�'��—
<br /> ° � ' �• Borrower shall c�ccupy,estublish,and use thc Propeny us Borcawcr's princlpal residcnce within sixty days ufter the execution of - __-__
<br /> �� this Securiry Instrument and shall continue to occupy the Property as Borrower's principal residence for at least one yeur after `. 1;:�'
<br /> � the datc of cxcupuncy, unlesx[.ender otherwtse agrees in writing, which cansent ,hull not be unreasonably withhcld,or unless :'�^..-
<br /> , extenuating circumstance� exist which ure beynnd &�nower's rontrol. Borrower shall not destroy, damage or impair the �'�t':�.
<br /> � Property, allaw thc Propeny to deteriorote, ar commit wuxte on the Pniperty. Borrower shatl be in defuult jf nny furfeiture - _ __
<br /> � ' action or prc�ceeJin�,whether civil or criminul, is begun thut in Lender's gcx�ci faith judgment could msult in farfeiture of the �} ,i��
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<br /> , _ Pmperty nr othenvise materiully impair the lien creatcd by thiz Serurity Instrument ar Lender's�ecurity interest. Borrower muy ' � �"��="--
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<br /> � • „ cure such n default and rein�tute,ati provid��i in purugruph 18, hy cuuytng the ncuon or proceeding to be dismissed wich a ruiing °
<br /> " thut, in I.cndcr'+good�fuith detcrminuti�m, prccludc+ forfcitum af thc: Borrower's intcrest tn the Propeny or other mntcrial ° '
<br /> impatmient nf the lien creuted by thi� Securiry Instrument or Lender's security interest. Bc�rmwer shull ul�o be in defuult If .
<br /> Borcower,durin�thc loan upplicution prcxrss,guve mutc�ially false or inaccurute information or statements to L.ender tor failed ' �
<br /> to prrnide L.ender with uny material infomi�tion)in connectic�n with thc loan evidenred by the Note, including, but not limited ° �----
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<br /> " to,representationx canceming Borrower'��xcupancy of the Property uti a principa!residence. If this Security Instrument is on u �.�..___
<br /> lcaschold. &�ra�wer shutl rumply with ull the provisiom uf the Icusc. If Borrwver ;�cyuirc+ fcc titic to the Prn�sny, thc 's�,����
<br /> Ica+chold und thc fcc dtic shull nnt mergc unlctiz Lcndcr�grecs to thr mcrFcr in writing. ,, •'�_
<br /> 7.Pr�teetion oP Ixnder's Ri�htc in the Property.If�orrower fuil�to perform the ec�venants und ngreements cantaineei in ;;';;�
<br /> this Security In�trumcnt, or there is a Icgul prorceding thut may +igniticantty affect L.ender's rights in the Property (�uch us a ,�__:;
<br /> pracecding in bunkruptcy, probate, ti�r ri�ndcmnati�m ur tiirfeiturr c�r t<�enf��rcc luwx or rcgulution�>,then Lender muy do and � �
<br /> a far whUtever iti nece�sa tc� rotect the value��f the Pro rt �+nd l.ender'. ri hts in the Pm rt I.encier's actions ma •w R�
<br /> P Y �Y P Fk Y F P� Y• Y .� �
<br /> include puying any wm, �ecured by u lien whirh ha. priority u��cr thi, Security lmtrument. :►ppeuring in court, paying �'' l
<br /> rcuxonuhle attorney�'frcti und entering un thr Pro�xny tu muke repuir,. AlQiuugh I.cnder may takc actiun undcr thi�paragruph ��
<br /> 7.Lendcrdc�c�not huvc to di�so. ..--.-:�=-
<br /> ' Any umount+ di�bursed by i.encier under thi. panigruph 7 tihall nrcume uJditionul dcbt uf Bc�rrower secured by this � , �
<br /> Security Inxtrument. Unle,ti Borrower atx! Lrndcr agrer tu uthcr term� ot'puyment. thc�r umount� �haU brur interetit fmm the
<br /> � datc of distwr+cment ut the Nate rate und .hxll bc puy:+hle. with interc.t, upon n�nicc frnm I.cndrr tc� &�rruwer reyucsting If •,
<br /> payment. I , .
<br /> , =.. � 8. �1lucltiauc insurunrc. If LcnJcr reyuircd mrrtr�rt it,•!!��!�:r s�a ci�ttditii�n�,f mnkin� th�Inim c����ur�•d hy thic Srcurity t �
<br /> Imtrumcnt. Borrower tihall pay the pr�mium+ rcyuired tc� muintain thc martgagc in�urunre in �ffert. If, for uny reason, the I !
<br /> nwrtgagc inwranrc ci�vcragc reyuireJ hy LenJcr 1„p.rti ur rra�eti t��bc in ct'fc�t, Aurruwcr+hall pay th�prcmiumti rcyuircd to I
<br /> ohtain c<weragc�ub�tantially cyuivalent h�the mort�agc intiuranre prcviuu+ly in ct'Icrt.at a ru.t .uh,ta�itiatly cyuivalent ti�thc I
<br /> _ cast h� Bormwcr nf thr man�.+.agr fnsuraucc prc�•iuu+ly in rl�tcrt. 1'rum an altcrnutc tn��rtgagc in+urer uppru�•cd by I.cndcr. IT �
<br /> ' sub�tantialty cyuivalrnt m��rtgagc in�uratkr cuvrragr ir nut av:�ilahlc. Burro�+�r.hall pay tu I.cndcr rarh month a tium cyuul tu
<br /> onc-twrlfth nf thc ycurly murtgagr inwrancc prrtniutn hring paid h� }ii�rn»�cr�nc�n thr imuranrr corcragc lapxd c�r rraxd tn I
<br /> tx in cffcct.Ixndcr aill arrcpt.u�c and retain th��r pu�•m�nt.a, a lrnti rc,cn•r in liru at� murtgagc in�urancc. L��,+ rc�rrve ;
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<br /> Fam 3028 9/90 �
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