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<br /> -- ����''Y'� 3. Hsmard or Proporty Insur+�nce.Borrower ehall kaep t7�e improvemmnts now oxiatln�ar h4tatter aeaeted oa
<br /> ;;;;%��x°'t^"�., � the Property tnaurad a�aines laee by fire�h4ucc��Ino�uded within tbe 4arm"ostoadod aavxra�a, and�n,y atl�er liaztr4a.
<br /> :.•'; •�:• .. inaludin�ilouds or floodtn�,icr whloh I.znder roqulrea inauranca TQ�fe�n�uranov stu11 ba m�intainod in the�movnte
<br /> --- �-,- ' �►d tor tho�rla�that Ir��er re�u3re�.'fh�i�suranoe an�Ier vidit�tho lnavrence shd)be cho�oit by Dorrokar = _
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<br /> � ' aubjeat to Lendcr'a apprnvat wt►ich ehell not be ut►re�soan6ly wl�hheld.It Horrower t�118 to m�inW n aovera�e deec�'Ibed �
<br /> _ .:-:��.: _` �bova Leader msy.at Len&e's apt�on.obtain oovera�e to y�mtaot Lender'e rl�hte fn tAo Property in axord�nce Nlth
<br /> .- .. _.�...,'.. para�caph 7.
<br /> • ,. � AU insurance poticies aad r�►ewals eh�sU bo a�ep�able to Lsndsr a�d aLa11 i�ciusla s�amudard mort�e oln�r�,. �_----_------_--
<br /> M1 , Let►der shall tuve the rlaht w hold the polto�es and t+enewde. lt Leadare�quitee� Borra�ver a}u11 prore�ptly�ive to _
<br /> Lender dl reoeipts o4paid pramiums arnd renawal notiaee.In tha ever►t ot loas„�onower eha11 gIve ptor�pt�oatfoe ta the
<br /> _.-.- :,_ inxiuuioe careler tnd Laader.Lender may maka Qro�i of laas it not�nade promptly by BorroMer.
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<br /> U dess L�ender aad Borrower otherwise e�e in wrtttn�,�nsur+ncd Qn�oec,ds sh�lt be appl�ed to reatontioa or� _--
<br /> ot the Property damsged,It tue restoration or rapsic Is eoonws�ntcatty�aslblo and Loader'e securlty�s not laa9mied.�� __
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<br /> . resooratton or repair is not ccanom�caliy fe�sible or Leitder'e eecurity would ba les�ened.tho insuranoe praoeede i�--__- _
<br /> applted w the sums secured bq thia Soourity Instrutnent�whetheror aot then due,with any eroess paid to Bon�awer.It --
<br /> florro�?er abandons the Property�or does not answer wIthin 30 days a notice irom Lender that tlte�nsurAnoe c�rrter ht+s ';;�,'__--
<br /> ., off;era�t.��ettle a elatm�then Lender may oollect the iaeurnnce prnoeoda Lendar may use the prooeeds to tropair dr ��.���,YnYv=--
<br /> «�s�oco�4r.e�ca�csr to pay sums socurod by this Seourtty Inatrument,whather or not then due.'fhe 30-day perlod wlll �--._�-_-_�..__.
<br /> . bC�,ltl l4Yf[@LL BjtA kLQ1x60 f$jf�Vdtl. e`;---�_
<br /> :�I�..�::' � Llfiless d.es�dee ar,z�l�vreower otheraIsa agree in wrIttn$.any►epplicatton oi prooeoda w prinoipa!elu�ll not ertend or ----
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<br /> :..;.:,. me Et`co due data v�BPce an�oz�.th1Y PeYmenta refernd to ioparAgcapha 1 aad 2 or ehanQe the amount of the ymenta - -- —�
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<br /> , '';, f"`:� ,.. If und¢p h 21 the ia a vtrod b Lender. Borrower's right to eny it►suranca galtctes aa precesds __.__.
<br /> _�ia`.":�'.»( F��P �'�Y �4 Y =';'-z�ea�i.:=
<br /> �� .,�^�.� resulting irom damaga to the Pe�operty prlor to the ac�uisltton sball pass to Lender to the exoea4 of the sums eoaured by �
<br /> tlus SecurIty Instrumeat immediately prlor to t4�e acqwsItion. °�'.,�''���-
<br /> � 6.Occupancy.Preservatioa,Maintaaaace aad Proteot�on oi the Property;Bortowat's Loan Applicatton; •� � f° =_�—:_
<br /> � � L�asel�olds.Borrower shall occupY,esteblish,and usa t1�e 1Ptoperty ss Bortawer's princlpnl resideaoo within siaty daya � ;:��°:�-�
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<br /> aftet t4e��aecutton of thls Securtty Instrument and sha1C c�ntinue w occu py the Property as Burrower's prIncIpnt ���`'!', �`
<br /> - residen�e 4or at least oae year after the dau of oocupancy,ue�Ce�Lender otheraise ag�eea in wrlt�ng,ahich oortse�at shall =:�'�;�.1.� '
<br /> , � aot be cmmasonabl y withheld,or umless eatenuadng circumstenoes exist whtah era beyond Borrower's vontr��.�an+�wer �ti�. ':-
<br /> ' shall not destroy.�►aga or impair the Property.a l low t he P t ope r ty t o de t e r iora t e�o r c o m m�t a e s t e o r e 3 1 h e�p e rt y. ° �i'':~�:
<br /> Borrower shall ba in dasYault if�ny torfeitua'+�s�tton or proceeding,whether civll or criminal�ie he�u�n tha8 nm l.eadet's : ',f.;j':..
<br /> ���s��'-�;'.' good faith judgment could r�nit e�e for[eIture oi the Property ar otherwise matertally impair BV�s inen created bY this ,K , �__
<br /> ;;y'i...`_ :';:. Security Instrument or Lendes°s�curity inten�t. Bortower rnay cure suah a de?ato1�S ar�d reina8st�.as Pt+oveded ;n �.-
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<br /> ----`-.`:r,'� ���.i'� ra h 18, by causing tRa aorion ar praceeding to bo dinmi�eG wtih O AY411u��; L'sat, 3a Lead�'s � feit�
<br /> ';,i"S;�. Pa 8�'8P • or mthea�rs�,aterla!im rment m4 the lten � -
<br /> determinatton.precludes forfeiture oi the Horrawer s intet+est in tha Property p�
<br /> created by this SecurdYy Instrument or Lender's security intenst.Borro�v¢r shall als��in defauD¢a4 Borrower.during �,.�.:�...:- -
<br /> � • the loan appl�oation pr�, gave materially false or inaccucata iniornnation or statements to Lender (or failed to _
<br /> :�"�,;,�;�;;. provide d,ender with any material iniormation�in vonnecteaDn with the loan evidence�fl by ttte Nota.includQnB,but aot __
<br /> . ,;,t . timiter��,reptesentations con�r�ning Borrower's occups+ncy�i the Ptopecty es s prnm�ipal resIdenx.It this�aauri4y ;:, -..
<br /> ,��',;-'��": Instrue�nem4 is on a loasehold,Borroaer shall oomply with aD9�hz provisions of the leasa.DQ Borrower acquites��Yida to �,;,. ��;.
<br /> �,,'�''•.,�s;,'�`� the Property,the lessa3eold and tha�ee title shall not merge uudess I.ender agrees to the merger in writing. '���,y��
<br /> `'� ;'`•: 7. Pr�t¢etiom off b.ender's Righte in the Property. II4 Borrower ffails to pecform tha covem�nLs astd agreements , .•.-
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<br /> ,i�,f, contaia�ed in this Security Instram�nt.or there is a legal pr�ceeding that may significantly affect D..ender's rights�n the . • ,,;�'•
<br /> ;;:':`�:�'� � Property (such se a proceeding in bankruptcy, probste, tor condemnation or forieiture or w entorce laws or ,•,,��'.",-��-
<br /> : j���::�' •• regulations),then Lender may do and pay for whatever is necessary to protect the value of the Property and I.ender's . .',.�::;?';�---
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<br /> �• rights in the Proparty. Lender s actions may include payis��any sums secus�ed by a lien which has priority over this , .,;i'�i;,_—,,;_
<br /> Security Instcvment,appearing in court,paying reasonable attorneys'fees and entering on the Property to maka s�apairs. • �'���r=
<br /> � Although I.ender may take action under this paragraph 7,Lender doea n�t t�eve to do so. ��"'`���
<br /> �7�:
<br /> "' Any amounts diabursed by I.ender under this paragra�Qn 7 sl�aU becoame additional debt of BorroNet secured by this ,�:,,�;� ,
<br /> � ��`� ' Securit tnstrument.Unlesa Borrower and L.ender agree t�ot�er terms of payment,these amounts shell bear interest " :�;:±.rf-'.;
<br /> ./:;. �' S' :;:,(4'';,:�'k"�
<br /> from 49�e date of disbursement at the 1Vote rate and ehall be g�ayable,with interest.upon notice irom I.ender to Bonowa :, ;�,:,, �,.�:
<br /> � requestin8 PaYme�4. :: .,,;
<br /> 8. l�iortgage 6nsurance.If L.ender requiced mortgage insurence as a condition of making the loan secured by this
<br /> • Security Instrument,Borrower shall pay the premiums required to maintain tha mortgage insurance in effect.If.for any , ` . :
<br /> . .. :;,••�.: res�n.t�:e mor�g+�R inaurance coveraee reqwred by Lender lapses or ceases to be in eftect. Borrower shall pay the ;_
<br /> • ;�. ` remiums uired to nbtain covera e'substantially equi��a��nt to the mortgage insuan�ce previousiy in effect,ai a cost
<br /> ��'���'.,��' substantially�equivalent to the cost to Borrower of the maorsgege insurance previo�usly in effect, from an alternate �
<br /> mortgage insurer approved by I.ender. If substantially equ3 valent mortgage insurance coverage is not available, �
<br /> $orrower shall pay to Lender each month a sum equal to one-twelfth oY the yearly mortgage insurance premium being
<br /> ,� :�.��. paid by Borrower when the insurance rnverage lapsad or ceased to be in effect.Lender will accepa.use and retain these �
<br /> . payments as a loss reserve in lieu of mortgage insur:�nce. l.acs reserve payments may no longer be re�wired, i
<br /> . ti �:1,5::,_
<br /> Form 3028 9/90 r;',�i,�::�: ':.
<br /> . �—�N(MEltetoa� o�r s.e e Inkiats: °-., .
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