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<br /> 5, �{pq�ylt� pp P�Ippei'�y jCiSUP81TiC�. Bonower shull kczp tfie improvexnents nnv��,� or hereafter ercctcd on thc
<br /> — Property insunod against toss by fire. hazerds included within the texrn"extL�xdPd ooverage"�nd any other hozaztdr.inchiding � -
<br /> ---- _ = floods or floading�for whlch Lender r�equires insumnce. ihis insuranre shall be mninteined in ths amaunts und for the perit►ds
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<br /> that I.ender requires. 'i'he fnsurance c�nier praviding the tnsurnnce shai! be chosen by Horrawer subjoct to l.ender's appmv _-----
<br /> --- �vhfch ehull not be unreasonably withheld. If Borrawer t'ails to mairttain ooverage d�cribed above. Lendet mt�y. at Lensier's
<br /> option,abWin oaverage to protect�.ender's rights in the Property 8n acco�anee with paragmpG 7.
<br /> =--==--�?�! All insurance polictes and renzwals shall be acceptable to I.ertder and eriall include a standard mort�age clause. 1.ender _- _
<br /> -� '� shall have the tight to hold the pulicies and renswnls. If l.ender requires,Borrower shalt promptly give tu(xnder ul)receipt�uf
<br /> �����s�� paid pmmiums and renewat notices.In the event of loss. Borrawer shall give prompt nottce ta the insurance carcier and Lender.
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<br /> __�`:.rz�� Lender mny make praof of luss if not snede pr�mptly by Ac+nower. � - ---
<br /> ,�::,. . Unles.c Lender artd Barrower otherwlse agree in writin�.inaurance proceeds shall 6e applfed ta restoration or c+epair af the
<br /> � �"�"`�'• PrapeRy damaged.if the restoration or repair is econom[cally feaslbles and Le�tder's secur�ty is nat lessened. I�the mstaration or
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<br /> �:.�:.��;'�.�. ; repair is not economically feaslble or Lender's security wauld be lessened. the insurance pmcceds shall be applied to the sums
<br /> :`'i;l"° .s secured by this Securiry Instrument. whether or not then due, with any excess paid to Borrower. If Honower abandona the
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<br /> :-;,.: ; . ; .._:�, Property.or does nat anRwer within 30 days a notice from I.ender that the insurance carrier has offered to settle a claim, then
<br /> ' ' �' ' ''`'• ''.K Lender may callect the insurance proceeds. Lender may use the pracceds ta repair or restor� the Propeny or to pay sums
<br /> • _ �• •;��; i secuned by this Security[crstrument,w�ether or not then due.The 30-day period.well begin vrtu�t:i�.e aarase i.s given.
<br /> , �', g � U�atess bend.er artd )Boreowee oeherwtss agroe ln writing, any apglicati��of pracevaDs to �ricr.�cipaL shatl not extend or
<br /> • • �• � • postpoae che dne date of¢he mon¢hly paymen¢s rek'erroc!to iu g►arav;rapQis 1 amd 2 or chaage�e aErtauat of the payments. If
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<br /> �� "' urtder Qacagraph 21 the I�r.opem�is�s�vired by Lertder, �orrower's snght to amry i�nsurance�olieies ar�cC prac�eds resulting from
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<br /> darnrage to the Property pe�iac to the ac�uisition shall pass to II.en�er 1�the exten¢of the sums secured by this Secudty Instrumeart
<br /> ' ,,S;t:.�." immediate{y�prior to the z�.�quisition. --
<br /> ,';�;;f�, 6.U�savi�ncv,Presr`rvation, Maintenance and Protectiom��2�e I'roperty;&►rrow��'�II.oan Applicallon;I.�7�Ds. �.
<br /> '�#�Y�`° Borrower sha91 occupy,establish.and use the Property as Borrower's principal residence wit�ein sixty days after the execution of
<br /> �� this Secur�ry Instrumemc an�shall continue to occupy the Property as Borrower's principal residence for at �east one year after .___
<br /> • �� � • the date of occupancy.u�n9ess L.ender atherwise agsee�in writing, which consent shall not be unreasonably withheld,or unless
<br /> ,. ' extenuating circumstsan�:ec exist which are beyond Burrower's control. Borrower shall not destroy, damiage or impair the —
<br /> . . ., � Property. allow tfie Property to detcriorate, or rnmmit wastc on the Property. Borrower s[�a81 be in default if any forfeiture ��-=
<br /> action or procceding, whether civil ar criminal, is begun that in I.ender's gaod faith judgment could result in forfeiture of the �'.�
<br /> " �•"' I Property or otherwise materially impair the lien creflt��cl by this Security Instrument or I.ender's security interest. Borrower may — -
<br /> �' : , ��. cure such a default and teinstate,as provided in pAr.�graph 18,hy causing the action or proceeding to be dismissed with a ruling ----
<br /> �ti„" ; that, in Lender's good'faith determination, preclusles forfeiture of the Borro�wcr's interest in the Property or other material `__
<br /> - impairment of the lien created by this Security Instrument or �.ender's secur6¢y interest. '�orrrnver shall also be in default If � -"'�'" --
<br /> �'�"�'���� ' Borrower,durin the loan a lication rocess,gave materially false ot inaccutate informAti4�n or�catements to Lender(a�f�iled ''«`=''�-
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<br /> ' • to provide L,ender wiih any material information)ia�c4�r�nectian�ti•ith tfie iaan e.•idenced by t3�c Nc�te, ineiuc�ung, but not limited = --
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<br /> ;� to, representations concerning Borrower's occupanc} �i 1he F'm�eet} As a princaQa! residenre.lf this Security lastrument is on a }' ��
<br /> leasehold, Borrower shaU comply with all the pru�•isi�n, o! a�e �cace. If Borrower acq�nires fee title to the Property, the �•�`._.�'�
<br /> . leasehold and the fee tide shuli not merge unless txnder agrees ti�the merger in writing. . �
<br /> ' ' � 7.Protection of l.ender's Ri�hts in the Property. If Borrrnver fails to perform the covenants and agreements contained in
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<br /> ''������' this Securit Instrument, or there i�a le al mceedin that ma tii nificantl affect I.ender's ri hts in the Pro en (such as a y `
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<br /> " pmcceding in bankruptcy, probxtc, for ronJcmnation or (orfeiture nr to enforce Iaws or regulations), thcn L.ender may do and „ _
<br /> ' �� . pay for whatever i+nccessary to pmtect the value of thc Propeny und L.ender's rights in the Property. Lender's actions may .-�
<br /> �� � include paying any sums secureci by a lien which has priarity over this Securiry Instrument, appearing in court, paying `°°'�`�
<br /> ( reasona'h7e azrtomeys•' fecs and entering on the Propeny to make repairs. Although Lender may take action under this paragraph ' ''s` ��
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<br /> 7,i.endeff Ac�es not have tu do sa. � ' `•„�r
<br /> � Any a�our�t. disbursed by Lender under thi� paragraph 7 shall hecome additional debt of Boamuer secured by this ...
<br /> � . � Securiry Insavmmens. t:nlea+Borro�ver and Lcnder aeree to other ternis<�f pxyment,thcse amounts tihal)hc�r interest from the '�},,
<br /> date of disbursemem at a�ne Notc rat� and shatl ht payable, with intcre�t, u�m iwtic� fmm Ixnder to �3;,rtower requesting ; .
<br /> ` . + payment. .�•,�:;�'��;F;,.
<br /> � 8.l�iort�a�e Ynsuranee. If I.end.-r�rquireJ marlguge insurance ati a con3ition of m:da�i thc loan secured by this Security ' •�tt;::y.i1�
<br /> I (nstrument. Bormwer shall pay the premiums rcq��:ired to maintain the mnnnae� insurancr in effect. If, for any reason, the
<br /> •� mortgage insurance co�erage reyuired b}• Lend�r'ar,e,or ce;�.c�tu lx in eff.r;. �orr�wer shall pay the pcemiums required to
<br /> - obtain coverage substantially equival�me to the r.:n�_•:�ge in,urar.ce pre�•i��usl�� in e:tert, s�c.:• co.t subrtantia�ly eyuivalent aa�the ,;•t;.}•
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<br /> rnst t��1R�ar.mwer of thc mortgage �n.arancr previou�ly in cff��z, f:a�m an altrrna�e manr:a;a in.urer appmved by I.e.r.,:;:c. If ` j,,,_.�s�
<br /> substante:['� nyuivalent mnrtgage in.uranre coverage iti not a�•a�l.,ti;e. &�rcc�u•er.ha11 pa� ta L.ender each month a tium�::;::al to �
<br /> one-twelfth of the yearl� mortgage inxurance premium being paid b� &�rcu��er �tih:n the inwrance roverage I:�psed ar rea�ai to
<br /> be in effect. l.ender�.itl accept,u,e:u�d retain thc,e psyment�a� a lo�. rc.en�•ir. hru uf ine�rtg�gc in.urance. L.os� reserve i �
<br /> Form 3028 9�90 �
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