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<br /> __ ..►1Q�433
<br /> S. Hoznrd or Property Insurnnce. Borrower Fliull kecp the improvements naw exieting o,r hemafter erecteci on the .'
<br /> Property insured against loss by firc. huzurdx included witMn�hc tcrm "cxtcndcd coverage"and nny athcr hazarda,including
<br /> — E�ood.v ar flcwding, for which l.cnder rcquirey insurnnce. Thix inxurunce shall be maintsined ln the smounts und for the perlods
<br /> that Lender requires.The insuranee cnrrier providing the inRUrance �hul1 be chasen by Borrower�subject to L.ender's approval
<br /> ,,_���� which ehall not t+e unreasanobly withhcld. IP Bi�rrawcr fuilx lo muintain coverage described above, l.ender mny. at I.ender's
<br /> aption.obtain covernge ta pratect I.ender's rfghts fn tho Property in uccardnnce with paragmpfi 7.
<br /> All insurunee palicies and renewuls xhall be ucreptc►Ule tc� l.e�ider und ehall inelude a standerd martgage clause. i,ender L
<br /> 1 shall huve the right to hold the pc►Ucies aml re�xwnl�. If I.ettde�rcquircx.Harrawer shal!promptly give to I.ender all reoefpts of
<br /> '.� paid premiums und renewAl noticea.In the event oP lo�,n,parrower ahall givo prompt notice to the{nsurance cacrler and Lender.
<br /> Lendcr muy mulcc pronf af l�ss if nat madc pmmptly by Norrawcr.
<br /> Unless Lender and Barrawcr otherwixe agreo in wrlthtig, in�;uruncc proccedR shall bs applicd to restoratton or rcpair of the
<br /> ,`•.:'��.„ y P�aperty damaged,if the restaratian ar repair i�cci+niunirnlly fcuwihlc nnd I.ender's securlry iF not lessened. If the re.storation or -
<br /> ' :;�P«;,;�'".—�=�:.x repair is not ecnnomically feaslble or L.ender'e�:ecurity wc�uld be Iesuned,the insurance praceeds shall be applied to the aums
<br /> "" �"�'�>�:;R.';r;� securod by thia Scxurity Instrument. whethcr or nnt Ihcn duc, with uny oxcesa patd ro 8ormw�r. If Borrower abendons the
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<br /> ' " }`:: Property,ar does nat annwer within 3Q dnys a natice from l.ender tl�ut tt�e insurunce carrler has offered ta settle a clsim,then
<br /> ;t '' -�>�.,�` ° ��-` Lender may collect the insurance proceeds. I,ender mny une ttic prorced+ a� rcpair or restore the Praperty or to pay aums
<br /> .. ;� '•� � � secured by this Securlty Instrument,whethcr or not then ciuc.The 3U-duy peri�xl wil!begin when the notice is gtven.
<br /> •.;, •, Untess I.endcr and Barmwer atherwi�se agrce in wdting, uny applicutiim af pracceda to princtpal ahall nat extend or
<br /> . :�,; postpone the due date of thc monthly puyment�+ refcr�ai t�� in purugraphs 1 und 2 ar chango the amuunt of the paymenta. If
<br /> '. ' - under paragrnph 21 the Pr�perty ia acquirai by i.ender,Aorrnwcr'K right t�nny tnaurnncc�licies and pmceeda re.sulting from �--
<br /> _ ,.�._. �-_.-_-,_ damnE�rn rhP Pm�+erty prEnr tn the acqulsftinn stiu!!p�.�s tn I.ender t�th�rxtem nf the aomc��t�red by tl�fs Securtty I�tn�rsjcni �--
<br /> • ° immediutely priar ta the acyui�ltian.
<br /> ' ' 6. Occupancy, Prc.wervatlan,Maintenance and Prutcetlun oP the Prupertyt���m►wer'�I.oan Agplication; I.easeholds. �_
<br /> { Borrower shall occupy,estublish,und utie the Pre�perty us Borr<�wcr's principul rcytdence within sixty days after the execution of �
<br /> "' this Security Instrument und shali continue a�occupy the Prupeny u+&�rn+wer's principul residenee for at least one year sfter
<br /> .� , the date af occupuncy, unless l.ender atherwi�e ugreen in writing,which r�mhent shuli nat he unreASOnably withheld,or unless
<br /> • . ° •• �xtenuatin� circumstances exist which urc beycmd &+rrower'ti rontrol. Horruwer tihull nat destroy, damage or impair the =-
<br /> "' Property, allaw the Property to dcteriorute, or commit wastc cm thc Propeny. &rrr�►wcr tihuU be in default if any fodciture �=
<br /> ` action or prc�cecding,whethcr civil or rriminul, ix hcgun thut in I.cndcr's b�nxl fuith judgmeut cauld msuit in farfeiture of the ..__
<br /> , Property or othcrwise materinpy impuir the licn crcutcd by this Security Intitrument��r i.endcr'r�security interest.Borrower may ,-.
<br /> __ cure such u defuult und reinstutc.us pmvided in purueruph 18.by cuusing the uction or procecding to be dismfssed with a ruling � _'"
<br /> � that, in Lender's good Fuith detcrminutIon, precludcs fi�rfciture of thc Horrowcr'x intcrctit in thc Praperty or other mnterial �__
<br /> . • impnirmcnt of the ticn cre�ted by thi� Sccurity Instrumcm or Lcndcr'r ticrurity intercyt. 8��rrower shall also be in defauit if ��
<br /> Borrawcr,during thc loan applicution prckess,guvc mutcrfully fcdsc ur inurruriuc tnfi►nm�tiun ur stutcments to Lender(or failed �;,:
<br /> to provide Lsnder with uny muteriul infi�rmution)in cimnectiun with thr luun cvldenccd hy thc Note, including,but not limited
<br /> to, representutions runcerning Borrc�wer'r circupunry�if thc Prupeny u++i prhirip�d rr,idrnrc. U'thi,5ecuriry lnstn�ment is on n �•
<br /> les�schold, Borrowcr shuU cum 1 with utl thc rovi.rii►n. of' thr leu,e. If 13urn►wcr ur ufrc� fee dUc to tlie Pro rt , thc �Yy
<br /> P Y p 4 P� Y
<br /> , leasehold und thc fec title shull not merge unie�s I.�ndcr u�;rce.tu thc ntcrKcr i�i wrftin�!. ��-<'
<br /> 7.Protection of I.ender's RiRht�►in the Property.if B�+rruwcr ti�il,to pert�rrm tl�c cov�nuntti tind ugmrmcnts contained in
<br /> „ , this Security Instrumcnt, or thcrc i�u Ir�ul pnxecding th�U nury +ignilirunUy uflcrt Lcndcr'�rlght� in thc Property(such as u
<br /> proceeding in bunkruptcy,probutc. tiir condemnution ur ti►rl'riturc or tu rnti�rcr Inw.or re�;uli�Uim�1. then l.etxler muy do and
<br /> pay for whatever is necessury ro pr�xect the vuiue uf thr Nruper►y in�l Ixndrr'.ri�ht� in thr proprrty. Lender's uctions mny
<br /> inctudc pnying uny sums securcci by u licn which hu+ prioriry aver tl�i, tieeurity ln�trumeut, i�ppeuring in caurt, paying
<br /> rensonnble nttorneyx'fces und entrring un thr Pra}xrty tu mukc r�puir.. Altl�nu�h I.endrr m;�y ts�kr uctiun under this parugrnph
<br /> 7. Lcndcr docs nut havc to dn ro.
<br /> . � . Any amountx disbur�rd by Lrndrr undrr thi� parsgraph 7 .l�all hrrumr :idditinn:d �lrht uf Hurru�+�cr sccured by this �-„
<br /> Security In+trumcnt. Unlc,x Borrc�wer und I.enJ�r n�re�t��uthcr tcrm�ut'paynuiu, th�.c un�uunt..hull beur interest fram the
<br /> date ol'disbur,rment iu thr Notc rutr i�nd �hall tx payuhir, with inlrr�.t, urn�n nntirr 1'n�m Lrndrr tu Burrowcr rcqucsting
<br /> puym�nt,
<br /> 8. Mort�a};e Insurance. H'[.rndrr rcyuir.d murt�a�:r insur�mrr;i,��cundiu�,n��t u���tiin�the�uan�rrured by this Security
<br /> ' , Imtrununt. &irrowcr tihull p�y thc prcmiutm rcyuirrJ to maintuin tln murtgug�� u„m•anrr in rf�rrt. 11. ti►r uny rcuson, thc
<br /> . mc�rtguge in�uranre cuverugr requireJ Ny I.rn�kr lup,r.ur rra.r.tu Ix i�i rf�r�•t. Hur�ua�•r,I�all p,�� tlu pnmium. reyuired to
<br /> ohtuin covcrugc �uh.tuntiully cquivulrnt tu thc man�ugc in.uranrr preri�,u.l� u�rttr��.;�t ;�r��.t �uh.annially cyuivalent ta thc
<br /> cost to &rrrower of thc tnortguge intiuruncr previnu+l} in rlTrrt. frum ;�n ;�Itrrnatr �mn•t��,��i• im.u�e�� s�ppr��v�d hv lAnder. If
<br /> substuntially cyuivalent m�irtgagr intiuranre ru�rragr i.nut :�v;�iL•�hle. H�rrruarr .haU pa� tu I rn�l�v c.irh numth,�.um cyuul to
<br /> . onc-twclfth ot'thc ycarly nuxtgu�c in�uriinrc prcrnium lking paid h} 13�n�r����rr��hrn thr iu.u�:u���r:mci.q�r lup,cd urrcuticd tu
<br /> ,. bc in effect. Lendcr will acccpt.utic und retuin thrsr paymcnt.a. ;�lu,. re,�r�r in 1�.•u ��t nw��l�.�pr una�;inr�•. l.uti. resrrvc
<br /> form 3028 0/90
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