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<br /> _�F?�-��' S. Hnwrd or P�»perty Insurcmce. Borrower shalt keep the fmpmvements naw existing or h�reatter emcted an thc "-
<br /> "^"'-'_'"� Proprrty insured against loss by firc. hnznrds included within the tcm� "extended covern�e" and any otl�er harr:►Ms, Including °�` � --
<br /> :�%e��••���• - tloods or flooding,for wMcb I.ender requires insurance. This insura�ce shAil be maintairtal in the umount�artd fiir the{s�ria�s ���"-`—°�
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<br /> ���:��:, ,�.� °�•.,-r that I.ender cequires. The insurunce carrier praviding the incurance shall br chosen by Borrower subject ta i..ender's nppmvul �.�k-�-�-
<br /> -,A=�- •- � :s:;- whfch shall rtot be unreasonubly withheld. If Bo�YOwer fails to maintsiin cover.�ge descrlbed abave, [.ender may, ut l.endc:'s ��'"�==--=
<br /> =;�;`�r,_,..:;. optton,abtuin caverage to protect Lender's rights io the t�raperty ln uccordance with pnragrnph 7.
<br /> �-4`=-�='" All insuraRCe p�licies and mnewals shatl be acceptnble to Lender and shull include a susadurd martgcige dnuse, l.ender ��=-�d�_���
<br /> --"°� � shall twvc the right to hald ihc policies und renewalo. If I.emler requires.Barnower shal!promptiy give to Lender all nreipts of r
<br /> '�°=' , .' , paid�remiums and renewsi!notices.[n the event of loss.Borrc�wer shall�ive pmmpt nottce to the insurnnce cnrrier and LQnder. �,��=.;w_�--__—_ _
<br /> � - - -.� - Le�ider may nutke proof ot toss if not made promptly by Bc�rrower. ��-�---
<br /> � U�des�i.ender and Borrower otherwise agree i�writing, insurance proceeds shall be applied to mstoration or repair of the � �
<br /> - " " �� ^ Property damaged,if the restoration or repair is economically feasible and I.ender's securiry is not I�r�ened.If the restaration or '�_�-��-
<br /> • : rep�r is not economicully feasible or L.ender's securitp would be lessened, the insurance proceeds shnll be upptied to the sums �—��
<br /> secured by this Securiry Instrument, whether or iiot ette�� du�, witb any excess paid to Borrower. If Borrower abandons the c
<br /> , Property,or does not answer within 30 days a notice fmm Lendee Fha.t the insurance carrler has offered to settle a claim,then �a — �
<br /> , I.ender may collect the insurance prac�eeds. Lender may use nhe roc�eeds to re o'`'—"--
<br /> p pair or restore the Praperty or to gra� sums �:l:,�„_
<br /> , , secured by this Security lrutrumertc,whether or not then due.TP�c�t1-day peciod wi1[besin when the notioe is gnven. !r`-'`'
<br /> . �lnless Lender artd 1Borrower othenvise agree in wciting, any upptiration of prooeeds to rinci sP�ill reot eatettd or ���"�'`"�`
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<br /> - :; �rostporte the due date of¢fte monthly payments mferce� to in paragraphs D art�2 or change the sunourtt of she payutemts. If �ay".�=�-:_-
<br /> , under pa�agraph 21 the Prop,.r[y is acquir�ed by Lender,Borrower's right to any insunuece pol�cies and proceeds re,cu�tin�from —
<br /> �: � Jamage to the Property prior to tRe acquisition shall pass to Lernder to the extent of the sums secured by this Security Instaadnt�nt `�i'�=-
<br /> „�,-G�,>t,"� . immediately prior to the acquisition. � ;
<br /> < < ��".� 6.Occupancy,Presrrvation.l��aintenance an�1Protectfo¢�of the Pro�crtt�•;Bornower's Loace A�qrQ@cAR@vn;I.easeholds. •-"
<br /> •'• Bormwer shall occupy,establish,and use the Pr�pc��:as Borrower's principal rasidence within six da s:aAer the execution of M � .
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<br /> - � :+< ' this Security Instrur.�ent and shall continue to oc4u � the Pro rt as Barrower's rinci msidence for at least one eav after ' `�i�:���:'
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<br /> � . , f��..�,,,;s� the date of accupancy, unless Lertder c+zher��•ise agrees in writi�eg, which mnsent shall aot be unmasonably withheld,or anless �` �"��%�;_:;;��?'f'!r�`
<br /> �t� � extenuatin ,;�?.��;,.. _
<br /> '.•;�,::,;;.� g cinumstances exist ��7�ich arc bry�4and Borrower's cantml. Borrower shatE n�t �iestroy. clamage or impanr the .bu,���;:.:
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<br /> " �"f�'���''' � Propera�, allow the Property to detrri��rate, or commit waste on tCee Propeazy. �ormaes•shall be in defauft if any fort'eiture � ••--
<br /> ; •' , � action or pnxeeding,w•hrther civil or criminal, is begun that im Lender's gorni faith judgment could result in forfeiture of the •,•".��T''�,�r;-_
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<br /> =i: • � Property or otherwise material[y impair the lien created by this Sec�nrity Instrument or I.ender's security interest. BorroHrr may �-ro>�.€,,.,Y,.�-_
<br /> � cure s�cch a default and reinstate,as provided in paragraph 18,tsy carasing the action or proceeding to be dismissed with a culinc ��r `��
<br /> _ ° • i it�at, :�� a.c,idcr'� gcxxl faich de[erminacion, precludes forteiwre of the Borrower's interest in the Property or other material �r} Y
<br /> � impairment uf the lien created by this Security Instrument or I.ender's security interest. Boaower shall aiw be in default if ' ' '°' '�
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<br /> , Borrower,durin�the laan application process,gave materially false or inaccurate information or statements co I.ender(or failed �r� a=-
<br /> to provide L.ender with any material infortnation) in cunnectinn with the loan evidenced b the Note. irntudin , but not limited ���' . '�_
<br /> � •;
<br /> : ' to,representations conceming Borrower's occu nc of the Pro rt y g '�••'' ��'��;�;,EC,`?`s•---
<br /> ,;,;��;, , � Pa y �e y as a principal residence. [f¢his Securiry Instrument is on a ; ,,.�S��t{;-�,;;;�--
<br /> , , ` :�-., � � leasehold, Rorrower shall comply with all thc provisions of uhc lease. ]f Bottower aryuires fee tide to the Property, the " �,;�'.�.'��;�;'�;_';:"'°"
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<br /> • , �� � leasehold and the fee title shall not merge unless Lender agrees te►thc mcrgcr in writing. ;`,'y;�;�':,�'�`�
<br /> �., � 7.Protectian ot I.encBer's R(ghts in the Propert�•.If Sorrower fnils to perform the covenanGc and agre�ments contained in � �
<br /> „ this Security Instrument,or them is a legal proceeding that may significantly affect Lender's rights in the Pmperty(such as a ° ',} �r
<br /> „ procceding in bankruptcy, probate, for condemnatian or forfeiture or to enforcc laws or regulations),then Lender may do and '��'f?'j�,�i4"`-
<br /> a for whatever is neces :�-s'�•�-
<br /> • P Y sary to protert the value of the Praperty und L.cnder's rights in the Property. Lender's actionc may i�,,�_
<br /> include paying any sums secured by a lien which has priority rn�er this Security In,trument, appearing in murt, paying � ~;�=
<br /> reasonable attorneys'fee�and entering on the Prc,perty to make repain. Although Lender may take action under this paragraph " • • ° ��
<br /> 7. L,ender dces not have to do so. j1�,. ,, , � .
<br /> Any amounts disbursed by I.ender under this paragraph 7 shall become additionat debt of Barmwer secured b this ��:����.'�_,
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<br /> Security Instrument. Unless Borrower and L.ender a rce to other term�of payment,the.r amounts shall hear interest fronn the - '�1��;%��;�:%
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<br /> ;i,i.. } I date of disbursement at the Note rate a►xi shall be payablc, with interest, upon notice from Lender to Bnrrower requcsting ` ` �•;:r,br%
<br /> r,,r��;,•' payment.
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<br /> „ . i 8.11'Iort�ge Insuctmce.If Lender reyuirecl rnurtgage inwrance a.a randition of making the loan secured by this Security
<br /> `:;.�: • :' � Instrument, $c�rrower shall pap the prcmiucm required to maintain the mortga�ec insurance tn e(fect. ff, for an�• reason, the
<br /> ';: '. ` �t.};�1t�; � mortgage insurance covernge reyuired by Lendcr 1•rpseti or cea+e�tu he in effect, Borroe�er shall pay the premiums rcyuireci to
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<br /> ". ,,.,��HP;,:�1. I obtain eoverage substantially eyuivalent to the mc�rtgage inwrance pc�viuu�ly in effc�t,at a rost ,uhsiantially equivalent to the
<br /> �� ;� ��� 1'`�s>' � ( cost to Borrower of the mortgage insurance pre�•iou.ly in ef(ect, from an a!!er.�tr�nurtgage inwrer appr���eci hy Lendcr. If "`
<br />:"' . . � substantiall ;,
<br /> ,,j'.� i y equivalent mongage insurance caver.:a�;;�c. n�x availablr, &�rro�.�r:l�sll pay tu Lender ea�h nc�-�ui a,um eyual to
<br /> .� � one-twelfth of the yeady mortgage insurance prrrttium�lring Qaid by &nro��zr��hen the inwrance ru�•era_z Lap,eci or rea>ed to �
<br /> ' � be in effect. Lender will accept,u.e anJ mt�in thexe pa�n;er.t:.�� ::,.�x re.ene in lieu uf m.� �• i �r�'�"'
<br /> . .;,;�:t...� i • rtragc in.ur:utrr. I.o.. re.cn•e ; ��� '
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<br /> � �'' Form 3028 9/90
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