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<br /> " S. ,li�rd or�rup�w�y Iwwt�en4�e. Borrower shill kxp the inysraveraentw naw exidlrsB ar herealRer pr.,;,t�i .;� t}oe „
<br /> �mpen�+ insured A�ainst la.a by fire, hs�ra5 includai wIthin the term"exte»dal coverage"�u�cl any othrr haxanls, includin�
<br /> ftaads ar t1axling. fur wi►ich Lcndcr rcquims insur��icc.Tl�is insm•a��co r�F�ali iso i�uaintaiiwd in t110 aE210U11t9 AIN9 f0!1116 FhLII�]dS
<br /> thmt t.cnder rseyuires. The Iusurancc carrier providing tha insurimce e4tAll be chase��by 8orrowcr�ulbJect to i..t:►.ider's a(�prpva)
<br /> whlch si�xll ixx he unrexsanably withhctd. If Horrc�wer fails to maint�ln covenge deBCdbad�bovc. t,cnder�may, at ix»der'a �
<br /> uptfon,c�btnin coveruge tu protoct I.endor's righ�c in the Property in ticcordwice with parngraph 7.
<br /> Atl in�unu�ca polieies and nnewxls si�al,l be�ereptable tu Lender and shall lnctude et �sun�d mortgage cl�use.I.erider
<br /> sl�uU have the right to huld 1ho pc�l4cics and renowuls.If lxixier requires,Bortawcr shull pron�ptly give to Lendar all receipts of
<br /> paid pnemiums anci renCwal iwticea,In die event of loss,Barrower shall give pmmnt notico to the insurance cArrier a��l L�a�der.
<br /> L,ender m�y m�ke proaf of toss if not made promgtly by Borm�+er.
<br /> Unless L.ender tinnd l3arrower otherwLse agree in wrlting,insurnn¢o pnxeeds shall be upplied to t�estorndon or rcpalr ot the
<br /> Praperty damagod.if tho restoration or rep�ir ia economically fcn.gible ttnd L,endtr's secudty is nat lessenod.If tho rr.�wration mr
<br /> repnir is rEnt econ�mlcally feasible or Lender's securIty uauld be lessened.the iasurancc Nroaeds ahall be upplied w the sums
<br /> e;ccured by this 5ecurity Insuument. whether or not Wen duo, wtth any axcxss pstid to Boj�rowcr. If Borrower abardons the
<br /> � 1'roperty,ar do� aot unswor wfthin 30 day�a notice frnm [,ender that thc insnrance curricr has offercd to settle u claim.then
<br /> Lender tnay oollect the insurnncu prace�ds. I.ander nuy use the prorec�s to repaft or restort the Property or tn pay sums
<br /> securcd�y ihis Scxurity fnsteument,whether or nat then due.The 30-dny periad will begin when the aotice is given.
<br /> � Unless I.ender nnd�orrower atherwIse agree in writing. any applicnUon of procee�s to prlacIpal shall not cxtend or
<br /> � postpone the due dnu af the monthly payments referred to in pnragraphs I and 2 or changc the nmount of the paym�nts. If
<br /> under pacagrnph 2A the Piraperty is uoquired by Lender.Borrower's dght to any insurunco policies end p�s resuldng from
<br /> danwge to the Pro�rty prtnr to the�uisiNon Rhali pa�.c to Lender ta the extent of the sum.a secured 6y tbis Secwity Instrument
<br /> , immediutely prior to the aoquisit�on.
<br /> 6.Oocupancy,Preseevntlon,Malntenanoe and Protection of the Pmperty;Borrower's[�oan Appltp�tion;I.easelx►Ids.
<br /> I Borrower shall occupy,establish,and use the Property as Boirower'a principal restdence within sixry days after the excxution of
<br /> ! this Security Instrument and shup continue to occupy the Property as�omower's principal t+�ideace for at least one year nfter
<br /> � the cfute uf axupa�my. unless Lender atttenrise agrees in wridns,which consent shali not be unreasonably withheld.ar unless
<br /> ' extenuating circumsts�nces exist which are beyond Borrower's control. Borrower shall not dcstroy, damage ar impair the
<br /> property. eUow the Property to detedorute, ar commit waste on the Property. Borrower shall be in defrtult if uny forfeiture
<br /> action or proceed➢ng,whether clvil or criminal,is begun that in Lender's�ood faith judgmeat could result in forfeiture of the
<br /> property or othera�ise materially impair the lien crosted by thts Securiry Instrument or Lender's security Interest.Borrower may
<br /> cure such n defnult end reinstate.ns pmvidc:�in para�raph I8,by causing the actton or proceeding to be dismissed wlth a iuling
<br /> that, in I.ender's eaod�faith determination. Qrectudes forfelture of the BorroW�er's interest in the Property or other materinl
<br /> impairment of the,lien created by thts Security Instcument or Lender's security interest. Borrower shnll alsa be in default if
<br /> Borrower�durins the lotta appiicatIan pracess.gave muteriaily false or inaccurute information or statements w Lender(or faIted
<br /> to pmvIda Lender wtth any material information)in connection with the loan evidenced by the Note. including.b��t not limite�
<br /> to.mpr�entatlons concerning Bormwer's occupancy af the Property as a principnl residence.if this Security Instaunent is on a
<br /> � leasefiold, Borrower shull comply with a1l the provisions of the lease. If Borrower acquires foe ttUe to the Propeety, tt�e
<br /> let�.sehoid and the fce titie sh�ll nat mergc unless Lender agrees to the merger in writ�ng.
<br /> 7.Ptotectfon at Lender's Rigt►ts in the Property.If Bomm�wwer fails to perform the rnvenanu artd a�rcements contained in
<br /> this Securiry Insuument.ur therc is a legal proceed[ng that may significantly affect I.ender's rights in the Property(such as a
<br /> procee�ing in bankmptcy,pmbate, fur condemnation or forfeiture or to enforce laws or mgulations).then Lender may do and
<br /> � pay for whatever is nere�sary to protect the value of the Property and L.ender's rights in the Proporty. Lender's nctions may
<br /> � include paying any sums secured by a lien which has prioriry over this Securtty Instrument, appearing in rnurt, paying
<br /> � reasonable attomeys'fees and entedng un the Property to make repairs.Atthough Leuder may take action under this paragrapd
<br /> � 7,Lender does not huve to do so.
<br /> i Any amounts disbursed by Lender under this paragraph 7 shall bewme addittonal de6e of Bornawer secu�+ed by this
<br /> � Secur[ty lnstcument.Unless Borc+nwer and�.ender agree to other terms of payment.these amoumts shall be,ar jnterest from the
<br /> s ' date of disbursement at the Note rate anB shall be payable, with interest. upon nottce from L.ender to Horrower requ�esting
<br /> I
<br /> payment.
<br /> � 8.Mortgage Insurance.If Lender required mortguge insurance as a condition of making the loan secured by this Securjty .:.
<br /> Instn�ment. �orrower shall pay the premiums required to maintein the mort�uge insurnnce in effect. If. for any reason, the '���'•
<br /> mortgage insuran+ce rnvera�e required by I.ender lepses or ceases to Ne in effect,Borrower shal& �pay the premiums required to
<br /> obwin cover�ge substantially equivalent to the�nortgage insurance previously in effect. at a aa�t substandally equivalent to the � ��"Y
<br /> ccnt to Borrower of the mortgage insurnnce previously in effect, fr�om an altemn¢e mortgage iruurer upproved by Lender. If
<br /> suDstantially equlvalent mortguge insurance coverage is not nvailable.Borrower shatl pay to Lender each month a sum equul to t�:'�-
<br /> one-twetfth of the yearly mort�age insurnnce premium bein�paid by Barrower when the insurancc coverage lapsed or cea5ed to `-"'�
<br /> �r � be in effect.Lender wili acoepi.use and cetain these payments as a loss reserve in lieu of �no��age insurance. L�ss reserve �•`�'-
<br /> },:
<br /> Form 3028 9/90 .
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