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<br /> ".-"'.�-�`•~'.�?�� N�ac Lcnd:;r r�quirc;. '►Le Ii1tiUYliiY[C Ccu7•icr �rnvidin�Q;c insuranre sha�l be clioscn by �orro�vcr sul�jcct to Lenticr's n��y�rovzl
<br /> _.._::�k-r-�:.�„ -
<br />------.�TY,�� aliicD sti�ll iint bo unrc:tsuna��ly tvithlicld. Tf Qorso��i6i• fails tn �iriii.itain a�vcrarc�dcsceebcd aboce, l,cndce��lay, at �.cn�lcr's _
<br /> ��— npuon,obtaiii coverngr.to pratcct Lcncicr's rights fn thc Property in nccnrcl,mcc with parugraph 7.
<br /> _�;;��,�,,._;f.� All insura�ice�ofic3c�: and�•enerials shnll be��cceptablc to Lcuder cucd :;I�all includc n stand;trd mnrtgagc cla��se. L.r.nder ___._
<br /> ,__ shaU have Ene right ta F�olc2 the poiicies ond ren�w�fs, [f f.cnder requires. t3orrower shalf (rromptly sive to i.end�r aii rc.ceipts of '
<br /> p:�id�remiun�s and renewnl notic�s,In tlio c��cut of loss,Barrowc�•shall give�rompt notice to thc insurance carrier:►nd Y.end�r.
<br /> - Lcndcr mny makc proof of loss if not madc p�mm�,tly by Do�rowcr.
<br /> Un�ess Lender und P.anower othenvise agrce in w�•idng,itisurance pracecds shal!be applicci to restoration or repair of the
<br /> —�__ Property damnged,if the restoration or rcpair is economically feasibl.,nnti Ltnder's securit.y is not lcssened. If die restoratiai�or
<br /> -°---_----� repair ls aot economically fcasiale or L,cndcr's security would be Iessencd,thc insurancc proceccis shall bc applicd to t(ie sums
<br /> ---- _ securect by ¢his Sccurity Ins[niment, �vhether or not then due, with a+iy czccss pald to �3urrower. If Horrower ab:uidons the °�-
<br /> _� Pmperty,or does not answer within 30 days a noticc from i.ender that thc insurancc carrier has offcrcd tn sctde a clni�n, thcn
<br /> _ _____ I.cnder may collcct the insucanc� procceds. I.endec may usc the procecds to rcpnir or restore the Praperty or to pay su�ns
<br /> -_'�" securcd by this Sectirity Inst�vment,�vhethcr ar not then due.Thc 3Q-day pcdod wiU begir�when che notice is given.
<br /> �'� Unless i.�nder nnd B�rrower otherwise ugrce in wridng, any np�lication of proceeds to principal sh�ll not extend or _
<br /> postpone thc du�date oF the monthly payments referred to in parngraphs I and 2 or change the amount of the payments. If
<br /> uniler par�grnph 21 the Property is acquircd by Lcnder, Aarrower's right to uny insurance poticies and procceds resultin�from
<br /> z"'n�a�'�"� dama e to thc Pro en noe�to tlte uc u►smon shall ass to Lender w the c;xtent of the sums secured b this Sc,curit Instrument
<br /> =_.-_���1r�== S P Y P � 9 P Y Y
<br /> __ immediately prior ro the acquisition.
<br /> '�`• b. Occupnncy,PreservAtlon, M�Intenance and Protection oP tlie I'ro�eriy; Bm•roaver's I.oan Applicution;I.cs{scholds.
<br />;;��:.:.,< .� �_
<br /> -'"��'��#;,.�� Horrawcr shall occupy, establish, and use tlie Property as Bonower's principal resldence within sixty days after the execution of
<br /> ��� s�r� this Security Instrument anrl sh�ll continuc to occ�py the Properry as Aorrow�r's principal residence for at lc;ast one y�:ar after
<br /> �`4� the date of occupancy, unless I.ender otherwise agrees in writing, which consent sh�ll not be unreasonably withheld,or unless _
<br />_�"'_='�;`L�,`,�'�s extcnuzting circumscances exist which arc beyond Bonawer's control. �orrower shall not dcstroy, damage or impair chc =
<br />':.��.���j�+ Property, allo�v the Property to detcriorate, or cammit wuste on the Proper[y. Borro�ver shall be in default if any forfGiture °-
<br /> -�=..Q.�ai -- uction or proceeding, whethcr.civil or criminal, is begun that in LencL:Ps guad i'aeth,judgment could result in forfeiture of the
<br /> �_.�,:,;.�. --
<br />;�,�rrr:"',',r�4;". Property or othcrwisc rnaterially impair the lien creatcd by this Securiry Instnamcnt or l.endcr's security interest. Borrower may __
<br />>;";t;:,'t'�'':`:'•��`•'.� cure such a default and rei��state,as provided in paragrnph 18,by causin�the action or procceciin�t�be dismissed with a rulin� �--
<br /> - ',�:'"��'�°'�t that, in Lender's good fuith dctermination, precludes forfeiture af thc Borrowcr's interest in thc Pro�erty or other material
<br /> � ''",f�'i.`.`.;;��;;s im airmcnt of thc lien crcated b this Sccurit Instrwnent or Lender's securit interest. Borrowcr shall also bc in default if --"-
<br />_-::��:.�� ,�-:.aa:.r P Y Y Y —_-
<br />`:,,�..,�;;-_,`;;;i:.. Borrower,dm•ing the loan application process,gavc mnterially falsc or in:�ccuratc i��formation or statemcnts ta Lender(or tuiled �_-
<br />,��,�,;,�`�?,`,y;'" � to providc�L.snder with any material information)in connection with the loan evidenced by the Note, including, but not limited �
<br /> �`.`� `°�•w to,represenuations cortcc:rning 8orrower's occupancy of the Property as a principal residencc. If this Security Instrumcnt is on a "''�"`
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<br /> . .:••-•. ..• %f- leasehold, �lorrower shnll comply with all the provisions of the lease. If �orrower ucquires fce title to the Property, the ���
<br />_ :� _•��^ ' . �.�'
<br />-,•,.;,,,;4;�;;J:.i�;,-� leasehold and the fce title shall not mcrge unless Lcndcr agrees to the mcrgerin writing. ::._
<br />- :.::.+�!�::.�:+.�: 7.Protectian of L.ender's Rights in thc Pruperty.If Borrower fails to perfomi thc rovcnants and agreemertts containcd in
<br /> �•-=�^��� tliis Ser;urity Instrument, or there is a legal procecding that may significanNy affect I,ender's rights in the Property (such as a "
<br /> ' �"�"`�"�����"�`� proceeding in bankcuptcy, probatc, for candemnation or forfciture or ro enfoz•cc laws or rcgulations), then L.ender may do and
<br /> ;��..�::,��' pay for whatevcr is neccssary to protect the valuc of thc Property and Lender's rights in thc Properry. Lender's actinns may �'z,
<br /> -- '- =•-� • include paying any sums secured by a lien which has priority over this Security [nstrument, appearing in court, paying
<br />- _�.,;-in�:,._~. :•;
<br />-_-=r�.:;•r;��:n�� rc�sonable attorneys' fees and entering on thc Properry to make repairs. Altliough C.cndcr may tuke action under this paragraph ,l
<br /> """ �.C�� 7, I,ender daes not h�ve to do so. �
<br />-';���i -� .
<br /> ,•_;,;; •��� Any amounts disburscd by Lendcr under this puragraph 7 shall bewmc udditional de6t of Borrowcr securcei by this ..
<br /> . 5ecurity Instrument. Unlcss Borrowcr and L,ender agrec to other tcrms of payment, thcse amounts shall bear intcrest from the
<br /> • . - date of disburscment at the Notc ratc and shall be payable, with intcrest,upon noticc from L.endcr to Borrower requesting
<br /> � � payment.
<br /> ---_ . ° S.Mortgage Insurnnce.If Lender required mortgage insurunce us a condition uf making the loan secureci by this Security
<br /> � ' , Instrument, Borrower shall pay thc premiums rcyuired to maintain the moregagc insurancc in effcct. If, for any rcason, thc
<br /> � mortgagc insurancc covcragc rcquired by Lcnder lapsex or ceases to bc in effect,Borrowcr shall pay the premiums rcyuireci to
<br /> = _ ' obtain coverage substantially equivalent to the mortgage insurance previously in effect,at a cost substanti:dly eyuivalent to the
<br /> ' " cost to Borrower of tl�e mortgage insurance previously in effect, from :�n ulternate ►nortguge insurer approvui by Lender. If
<br /> . subsG3ntially equivalent mortgo�e insurance covenge is not available, Bcrrrovier shull pay to L.ender e:tch month a sum equal to ,.
<br /> ono-twelfth of the yearly mortgage insurance premium being paid by Dorco�ver wl�en the insurance coverage lapsed or ceased to
<br /> .. be in c'.'fcct. Lcnder w�ll accept,usc and retain diase pnymcnts as a loss rescrvc in lieu of mortgage insuranca Loss rescrvc
<br /> Form 3028 9i90
<br />� • .. . Patio 3 of 6
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