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<br /> ' ` : �� � 5. IiCZ�Efj OE�7fO�TCfi�Y IS'dS�➢£Af.1E!). Borrnr�c.chall keep¢iie iril�srovcra�ent�no,r e�tititing or hereaftez�eeet,tcrl„�i _._
<br /> . tSaa�'�'o�::rey ift�.urc�1��ainat!a�;l���ic•,;,Ixaznrcl�incluc?eci��rithin th�cerr�i°et�.EUCtcd covc;�F;a° Ilpt(�:151}I(lYilGi'�t:��':'.,i, ,..�.,,_..
<br /> InGltFdltlr�(�QU[�7 0�fItTU{�lil�, �oe c��hic S�X�.,ic�c� reciuii�c�in:tif'f l S 1 CC. �l h ic>i i�'1 1'r.'1(l C�uli:�ll ha�.�aiii2:�iii;::�i��Fs�.o r•:„���� ,� ;
<br /> n�d for cho po.iods 4hat I.en�cr r�quic;.a. 'Y'hc e�;ufauc�careicx p;�vi�s'sng e���ia��ura�co chnll L:: �;lic�;.�;��s,�k3;rx,��::.; �_-_--
<br /> �'=•.�:. ._.�.-:.�:_,� cubject W L.�nder'e upproval which Ehall not t�unreasonably witlzheld.Yi Bar,tower faily 4a mai�t�in cnvera�n c'.r+�critxxl
<br /> �_�'^_� ,.:,,.,,,:; ��.,. alsovv,l,cnder :mny,at I.ender's option,obtnin coverage to pro�ect Lcrider's rigt►t�in 4he Prngertq in.nccordAnco with _
<br /> _.._
<br /> °���".--� paragraph 7. � --
<br /> All insurance policie,s unci renewalo ohall be a�;ce�tablo to Lc�xu�r ond aLall includo a etandnrd r�iortgagc cl;:.s.:;,.
<br /> �'�''1��%'�;'_^•.,,�� Ls�nder ehall have the righi tn hold tha policies and renewals. IP I.c��:3cr r:.:qui��., L�urro�:r,r whrll �nromntly ;jiv�9 t.n ,-.�
<br /> - �- •�•-�,�«� Lsndor ell receipte of gaid premiurne and renowal uotices.In the event of losr�.Borrower shal!�Ive prampt notico tu tho
<br /> .l:nei v.,�SY�+s.: r
<br /> - ,, �„;.,.� , insurance carrier und Lcnder. 1,ender may make praai of loss if not mado promptly by Horrowor.
<br /> =�'�^i�� ��•� Unless Lendor end BorrAwer othezwlsa egrea in wi�iting,insurnnca procaeds ehall Ue applicd to restaration or rt�+air
<br /> `�'�:���� '';� ���:; oi the Property dameged,i�tha restoration or repair ie econainically teaaible and Irndar's security ia not lesaeaed.It the
<br /> •',;�,:.,;�::;�,,�;u, _ testorntIon or repair Ia uet econoraically feaeible or Iander's security would ba lessen.ed,tho iusurence praceeds ehell bo
<br />_ - `�' v,;. ; �►pplied to the sume secured by thi s Security Instrument,�vhethor or not then due,with any oxcess paid to Borrowor,df
<br /> �`'`��' ' "�� �'.� !�' Horrower abandans tha Property,or does not anewer within 30 day�a notice Yrom Lender thnt the insuranco carrier hes
<br /> �� ;j oftered to settle a claim, then Lender-may col�ect the insun+nce proceeds. Lender may usa the proceeds to ropair or
<br /> ' . restora the Property or to pap aum.s seoured by this Seourity Instrum�nt,whather or not thon due.Tha 30-dAq period wil[ �
<br /> . •�� • begin when tho aotica ie pven.
<br /> _°,;. Q� Unless X.ender and Borrawer otherwise ngree in wri4ing,any application of proceeds to priacipal shall no:extend or
<br /> • • •� postpone tha due date o4 the manthly payments referred to in puregraph�1 nnd 2 or change thc amount of tha paymente.
<br />: , ° : .:'.•�;� Tf under paragraph 21 tha Property is acquired by Lender, Honower's right to any insurance policies and praceeds
<br /> resulting from damoge to the Prop�rtg prior to tha acquieition ahell pasa to I,ender to tha extcii¢uf 41�a sur,ze s�,aurcd by
<br /> � • • ' tlus Security Instrumant immediately prior to tha acquieition.
<br /> � 6.Occupanay,Preseavation,Maintenenco and Frotection of tho Property;Borrower's Loan Applic�tion; �v
<br /> � � Leasoholda.Borroiver shall occupy�establieh.aad use tha Praperty us Bon•ower's principal resid�nce within eixty days
<br /> after tha execution of thie Securitq Instrument and shall wntinue to occupy the Property as Dorrower's principal
<br /> residencs for at leaet one year after the date of occupancy,unless I.ender otherwise n�rees in writiag,�vhich consent Dhall -----
<br /> .�±>i� not be unreasonsbly withh�ld,or unlcss oxtenuating cir�umatRncea osiat which are bayond Borrower'e contrnl.Borrower
<br /> ehull not destrop,dumege or impair the Property,nllow the Propertp to dateciorate,or commit wnste on tha Property. _
<br /> �• � Lonower ehall ba in default if any forPeitura actian or proceeding,v�hether civil or criminal,ia begun that in Lendar'e _
<br /> . go�d taith judgment could result in fotieiture ai the Pcoperty or otherNise materielly impair tha lien created by thie
<br /> • Security Inetrument or Lender s security intorPat. Borrower may cure such a default and reinststo, es ptovie�ed in
<br /> ;,
<br /> . .. nara¢ranh 18. bv causin� the action or proceeding to be diemissed with a rulin� that, in Lender's good faith
<br /> daterminat4on,precludes forfeitura of the Borrower's interest in tbe Fropecty or otnor maicrini iinpnii�i�a�,t of:�c li�t
<br /> . created by thia Security Instrument or I.ender's se�urity interest,Borro�ver shall also be in default if Borrower,during —
<br /> e
<br /> •- the loan application process, gava materially false or inaccurate information or etatemente to Lender (or faxled to
<br /> provide Lender with eny material information)in connection with the loan evidenced bq the Nota, including, but not
<br /> limited to,represeatationa concerning Bono�ver's acoupancy of the Property ae a principal residenca. If thie Security
<br /> Ynstrument is on a lesssehold,Borrower Ahall comply with all the provisions of the lease.If Borrower acquires fea titla to --
<br /> . the Property,tl�e leasehold and the tea title ahall not merge unless I.eader egrees to the mer�er ia writing. �
<br /> � 7.Protection oi Lender's Righte in the Property. If Borro�ver fails to perform tha covenants and egreemcats _.._
<br /> � contained in thie Security Instru:nent,or there is a legal proceedin�that may significantly affect Lender's right9 in tha �?�
<br /> - Property (such as a proceeding in bnnkruptcy, probate, for condemnation or forfeitura or to enforce lawe or
<br /> ` regvlationa),then Lendar may d�and pay tor whataver is necessary to protect tha value of the Property und Londar's ��"=-
<br /> righta in tha Property.Lender's actiona may include paying any suma secured by a lien which hea priority ovar thio �,7 r
<br /> ' e terin�on tha Pro rt to make repaire. �.�
<br /> Security Instrument,appearing in court,paying reasonable attorneye fees and n b P� Y y�,;;:
<br /> Altboup,h T,ender may take action under thie paregraph 7,Lender daes not hava to do so. �_. .
<br /> Aay amounts diebursed by Lender undar this paragraph 7 shall become additional debt of Bonower secured by thie �'-T,;
<br /> Security Inatrument.Unles3 Borrower and Lender agree to other terms of payment,thesa amountca shall bear interest :�;
<br /> .� from tho date of diebursement at the Note rate and ahall ba payable,with interest,upon notice from Lendar to Bortower -••'
<br />. requesting payment.
<br /> ' 8.Mortgage Inaurunce.If Lender required mortgage insur�nce as a condition of making tha loan secured by thia ..
<br /> Security InEtrument,Borrower ahall paq the premiums required to mainwin the mortgaga ineurance in effect.If,for any
<br /> reason, the mortgage insurance coverage required by Lender lapses or ceases to be in effect, Borrower shall pay tha
<br /> premiume required to obtain coverage substantially equivalent to the mortgage insurance previously in effect,at a cost
<br /> substantially equivalent to the cost to Barrower of the mortgage insurancd previously in effect, from en alternat�
<br /> mvrtgage insurer approve.i by Lender. If substantinlly equivalent mortgage inourance covernge ia nat availabl�:, . �
<br /> Bonower shall pay to Lender each month a sum equal to one-twelfth of the yearly mortgage insurenca pramium being
<br />_ ' paid by Borrower�vhen the insuranca coverage lapsed or ceased to be in effect.Lender will accept,use end retain thesa
<br /> � paymenta os a loss reserve in lieu of mortgage insurance. Loss reserve payments may no longer be required,
<br /> �
<br /> ; � Form 302E 9/90
<br /> �-8R(NFlrosu� o.a.a°' o Initlele:
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