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<br /> •^���'�-*�� 'w L�, M���nrd nr PmpeHy Insurnnce. Barrowcr ahull kcep the impr�vementa naw oxir�tlnB or herc��ftcr erected ��n tho . . =-'�'"='`
<br /> `" �H " '�`�>'� Property inxured aBulnst loes by firc, horardA includcd within the term"extc�tded caverage" and uny�lher huu�nlr+. including � -�- i
<br /> �� rr�...,.:.:_::,,. .
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<br /> ilnndc+or flnoding, far which I.ender requires ineurunce. This inxurancc tihull be muintuined in thc umounts und for the p�riodg --- � `�' � *..
<br /> ,;_�'��;•�r•�c:A..
<br /> thnt L.ender rcquircs. Tlte insurunce curder pmviding the inxurunce shall be ch��seti by Borrower subject to I.ender's i+pprnvul :;.�,;.�=?i�,�'�,�:
<br /> > - which xhaU not be unreasonnbly withheld, If Borrower fnils to muintafn caverage descdbed abave. I.enJer muy, at I.ender's . : ' :��`';"
<br /> � : � option,ohtAln covernge to protect L.ender's righta in the Property in accordunce with puregrnph 7. '��"'"'�''
<br /> � �.'lY ".--"___'
<br /> .� _�'ui'�""in�__ �
<br /> • - �� -� Alt ineurance policiec and renewais ahall be acceptable to L.ender and shull include u standard mortgage clause. i.ender �
<br /> � ' shall heve the right ta hold the policies and renewals.If L.ender requtres, Barrawer shall prompdy give to Lender uU mceipts of • -
<br /> - •_ -�- �-=� 3 paid premiums and renewsil swtices.tn the event of loss.Borrower shal!give prampt notice ro the insurance c�rrier and L.ender. . _.. '
<br /> ' • L.ender may make proof of loss if not�aaade�promptty by Borrower. � Y
<br /> � Unless Le�eder and�orrower otherrwise agme in wr�ting,insuramre pr�ceeds shall bc apg�fie�to restoration or repair of the . -
<br /> ° Property damag¢d,if the restoration or u�ep�air is economically feasibl¢and Lenaer's security is n�e lessemed.�f t�ne restoration or • -
<br /> ' repair is noi economically feasible or L.ender's security would be lessened,the i�surance praccecis shall be app9ied to the sums ; -
<br /> '�Y,, secured by this Security Instrument, whether or not then due, witln any excess paid to Borrower. If Borro�vEr atrandons the r. �
<br /> Property, or do�s not answer within 30 days a notice from I.ender that the insurance carrier has offered to set�le a claim,then .
<br /> • I.ender may collert the insurance praceeds. Lender may use the proceecls to repair or restore the Propeny or to pAy tums �
<br /> ,.:;, secured by this Security Instrument,whether or not then due.The 30-day period will begin when the notice is given. �;:;;:•;�• : •
<br /> _:1 Unless lxnder and Borrower othenvise agree m writing, any application of proce�ds to principal shall not extend or �-��'`:,
<br /> � �� A '�'�" s ne che due date of the monthl a ments referred to in hs 1 and 2 or chan e the amount of the a ments If � • •
<br /> ,- H.:;::<s.,;., Po tpo Y P Y P�€�P � P Y :";,k ". � .. . _
<br /> _. r5�,;L,x;Zrt:.:.. P 8 P lu'rtY � y Y S Y F P g ' #� � :
<br /> ; ,,�,f,i,�A�f., anc!er ara ra h 2! tl:c Pro is ac•uired b Lender.Borrower's ri ht to an insurance olicies and mceede resultin from � f.,>.�'�.��,.`,,�
<br /> �i', s damage to the Propecry prior to the acquisition shall pass to I.ender to the extent of the sums serured by this Security Instrument ��'';��
<br /> �' immediately prior to the acquisiti�n. �•• � "�'`'.'"' ' �`
<br /> -; •�' r�s�`� . . '
<br /> `.!q;" .."'��t'�37.` `,��i'r
<br /> ..,,.,, �� (►,Occupancy,1're3�r�+atton,Maintenance anc�Protection of theProperty;Borrower's Loan A�pf3cation;Leaseholds. �tr •• �� � ,;;s�
<br /> � ' �.^.,,,�„�� � , :
<br /> � 8nrnower sl�all occupy,establish,and use the Prop�Ky as Bonower s principal residence within siRty days:�rer ihe execution of �r�" ': ' F�_.
<br /> ��'�y.; ���`,' this Securee�Inshument and sfiall continue to occu the Pra rt as Bormwer's rinci al residence for At lca�t one cac after �<^ �,,. ,9t�..,
<br /> . �,.�� PY 1� Y P P Y : ;;ts.,
<br /> , tlte date�ff occupancy,unless Lender otlierwise agrees in�vriting, v�S*.ich consent shall not be urnQeasonably wit0�held,or uniess ,,�� ;ti.ig4,,,.. ,;�,,. '
<br /> '� � extenuating circumstances exist which are beyond Borrower's n+n�trol. Borrower shall not c�estroy, da�age or impair ihe ' ;,U .,;;'
<br /> _�� ����.�:`;,
<br /> Praperty, allow th� Property to deteriorate. or commit waste ore tYee Propert�:. :�orrower shall be in alePauh if an forfeiture ,tj'; .�•�;��:-
<br /> `{.�;, . •' x , :�;�:��';, r..-.j.:`,,:r
<br /> • flction or praceeding,whet�er civil or criminal,is�egun that in Lender's gocecJ failh judgment cuuld result is forfeiture of the . :;;���.;,..�y�•:Ss�-,
<br /> �`��' •' v'�,{/�?��''� Property vr othenvise materially impair the lien creaze�by this Security instrurment or Lendev'�secority interest. Bosmwer�nay : `�'s;;f?'i!F°� "s'`
<br /> '•LSi:-L��fSI"':l,�r.� ..3� ..anfw��lt iP�fIC}�*P ac oT y� !1 �R h� r�ucinp the aetion or urac�ediie�to be disnnissed with n n�3�mg �l'n�:..lr�li7"':;::^�:i�wr �
<br /> curr ss..,.... a.� ._.,r.� 'decl in paragr��.h
<br /> i;� that, in Lc:n;ler's good faith determinaeion, precludes forfeiture of the�Borrow.r's interest in the Property or other material ��;��"'�� .
<br /> • impairment of the lien created by this Socurity Instrument or Lender's securit� interest. Bonower shall also be in default if �`
<br /> Borrower, during the loan application process,gave materially false or inaccurate information or statements to Lender(or failed � �, ,
<br /> to provide I.ender with any material infarmation)in connection with the loan evidenced by the Note.including, but not limited
<br /> , to, representations ooncarning Borrower's occupancy of the Praperty as a principal residence. 1f this Serurity Instrument is on a , '
<br /> leasehold, Borrower shull compfy with all the provisions af the leasc. If Born>wer acquires fcc title t��the Property, the •• t= �`
<br /> .,;•
<br /> " leasehold and the fee title shall not mer�e unless Lender agrexs to the rnerger in writin�. '
<br /> � 7.Protectfon of I.ender's RlghGs in the Property. If Bonower fails to perfarm the covenants and agreements contained in ' '���
<br /> this Security Instnicnent. or there is a legal praeeding that may significnntly affect L.ender's rightti in the Praperty (~uch a�a � '
<br /> proc:e�ing in bankruptcy,prabate, for�rondemn�tion or forfciture or ro enforce laws or rcgulation�).thcn I.cnder may do and ��
<br /> , pay for whatcvcr is necessary to protect thc valuc of the Property and Lender's rights in the Pmperty.Lendcr's actions may � i!�
<br /> rY , �r.
<br /> � include paying any sums uxurod by a lien whirh has priority over this Security Instrument, appearing in court, paying . ��
<br /> '. masonable attomeys'fees und entering on the Pmperty ro make repairs. Although Lender may take action undcr this puragraph ,�`'�
<br /> - 7, Lender daes not have to do so. .
<br /> Any amounts disbursed by Lcndcr under this paragraph 7 shall become additionul dcbt of Borrowcr secured by this ,
<br /> Security Instniment. Unless Borrower and I.ender agree to other term.s of payment,thesc amounts shall bear interest from the •
<br /> date of disbursement at the Note rate and shall bc payablc, with interest,upon notice from Lcnder to Borcoaer rec��esting
<br /> , payment. ! . � •
<br /> 8.NIIortgage Insurance.If[.ender rcquired mortgage insur.�nce as a wndition of niakirtg the luan ,ec�cnd by ehis Sacurity •
<br /> InstrmmemY, Horrower shall pay the premiums required to maintain the mortgage insurartcc m effect. If, for any rea.a�n, the � • "
<br /> , mortgage insurance coverage required by Lender lapses or ceases to be in effect. 8orrouer�hall pay the pmmium� rec�uired to
<br /> obtain mverage substantially equivalent ro the mortgage insurance pre�•iousl� irt effc�t, at a cost �ub�t;antially equi��atent to the •
<br /> rnst to Borro�ver of the mortgage insuranre previously in effe�:t, from an aF¢�mate mortgage insurer approved by Lender. If �
<br /> substantially equivalent mortgage insurance mverage is not available. Burrm.�r�hall pa} to I.ender each month a�um equal to I
<br /> one-twelfuh of the yearl� mongage in�vrance premium being paid bp ��rro��er��hen the in.urance coverege lap�ed�r�-eased to '
<br /> . be in effect.Lender«•il!accept. u.e au�d retain thetie payment+a� a C.r., re�en c in lieu of mortgage �muranc�. L.oss re.erve �
<br /> Form 3028 9/90
<br /> Page 3 016 '
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