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<br /> . , �. r11�;,-��;� n� 1.':.,��.:.dy N�°.aj��::c�. (?:�i�cc:r;��i• r.li:�li L•e�;z �i�E: iiu;�iavc���cii��, nn�v e�cis�iu�;'o�• her�:�fter rrrr.t:�d r,:� t1e� .' -
<br /> . Arot��ity insur�d a;;aiust loss t��fis•�, h.�!a►•ds id:cluacil �1{t�►iu Ut,, lcriii "cactc:ndc�l ccwcr,�:7c., c�u:� any udt��itat��rJ�;. ir�!�IYSCBu�;
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<br /> :_._ _._-_ '�}�°'°�— flaotls oe�locxling, for which Y.enc:er rcquires insura�icc. Tl�isi Insur:uece�:Itall t�,:.mcdntaiiie�! in Aic nn:c�unts a�iJ 1'ur tiie�e�iods
<br />_____•:,;:�,�;N�yY��� �hat Lcncler rcquires. 'fhe insurance carrtee prnvidin�ci�e intiuruncc+linll I�e clioyen by [iurrower sul�jcct tu[.cndcr's npprovai
<br /> --- which shull not bc unrcasouably wfthhcld. If I3nrmwcr f�ils ta nr.dntain ciweragc dcscribcd ubcn�c, I.cncicr may, :it i�:ndcr'h
<br />_ __-�,,_-__�,'� aptlan,abtnin coverage ta protect Len�ler's rightti In the Pn�i:eny in iicacrdance�vith para,�rnph�.
<br /> -- -=s,� All insurance policies nnri renewuts sEiull Ua=x�ep.�d�lc lu i.�:+�J.:r a��u ::h:ill i�ulude: sGln�ard martpane clau�c. LPm{r.r
<br /> —____._..�.,..,,,r-- shnll hava the right to hold the policies nnd renewals. [f L.endec reyuires, Iiorrower shnll ptvrnptly give tn Lender nll rceeipts of
<br />�v�si�?s�,� pntd premiums nnd renewal noticcs.In tl�e evenY of los;, D�rr�u�er shall�ivC prompt notice tu ttic insurancc carrier and Lcnder.
<br /> �A r�-:''�"`�""` [.cnder mny nti�uce proof of luss if nat madc pranptly by Borruwer.
<br /> .�;;�s•�r,;y "� ,Y Unless Lender and Dan•ower otherwise agree in writinB,insuranee proceecls shall be iipplied to reswrutian or repair af the
<br />---°`'N``�'°'�{ � Properry damaged,if the restoration os repair is economical ly feasible und Lc:nder's security is not Iessened. if tha restaration ar
<br /> -=;:i:.�F:.::'r.$�e�iF�: �
<br /> _-- '�•� w� ' ���,� rcpair is not oconomically fcasible or I.cnJer's security would be Icsscncd,the insurance procecxls shall be npplied to d�e sums �
<br /> -��`�� • �i secured by this Securiry Instrument, whether or not then duc, with uny excess paid to A�rrower. If Iiorrower abandons the
<br /> :_=,nt{eb,;+�::�3:� ,{�. —
<br /> -��r�;Y•�`����,., Property, or does not nnswer within 30 days n notice f�am l.cndcr thut the insurance carricr hns offered to scttle n cluim. thcn
<br /> ��';.v�`��'�•`:�":'•�',�'r Lender may collect the insurance procecds. Lender may use the proceeds to repnir nr restore the I�roperty or to p�y sums
<br /> ���`:',..;•:-� '' w'•�'' secured by this Sccurity Instruntent,whethcr or not then due.Tlie 30-day periad will begin whcn thc notic� is given.
<br /> m,:.�I .,3.••••L�:C.''�y'M1�a
<br /> - .,,.��h Untess Lender and Borro�ver nthenvisc agrec in writing, any application uf procccds ta principal sl�all not exten or
<br />���^Y=:=.•� ` ''"',;�`�'•' postpone the due dute oi the monthly paymcnts rcferred to in paragraphs 1 and 2 or changc thc nmount of the paymcnts. If —
<br /> '1 � � under paragruph 21 the Property is acquired by I.endcr, Barrawer's right eo any insurancc policies nnd procceds resulting from
<br /> �w
<br /> �.• , ' damage to the Property prior to the acquisition shall pass to I�nder to the extent af�he tiums secured by this Sc;curity Instrument
<br /> .v� immediatsly prior to thc acquisition. --
<br /> 6.Occupuncy�Preservation, 111uintenunce and P�atection of the Property;Burro�ver's Loun Applicutlan;Leaseholds.
<br /> Borrower shall occupy,establish, and use the PPoperty as Borrower's principAi residence within sixty days after the execution of __
<br /> ��9 � • this Security Instrument and shall continuc to occupy the Propcny ns Borrower's principal residcncc for aY Icast one year after =
<br /> ,` �, , tne date of occupancy,unlesc L.ender othenvise agrees in writin�;. which conscnt shall not be unreasonuEly withhcld. or unless �.�
<br /> �� extenuating eircumstances exist which are beyond Aorro�ver's control. Borcower �hall not destroy, damage or impair the �
<br /> ° Praperty, allow thc Propeny to deteriorate, or commi� �vaste on tlic Property. Bonower shall be in dcfault if any forfeiture :
<br /> " � actian or proceeding, whether civil or criminal, is begun that in I.ender's good faith judgment could result in forfeiture of the �:�'-
<br /> Pro�serty or otherwisc matcriaUy impair the lien creatcd by this Sccurity Instrumcnt or L.endcr's sccurity interest. Borrower may
<br /> cure such a defuult and reinstutr.,us pravided in paragraph I 8,by causing tne actiai or proceeaing w oe dismissc�i wi�h a ruii»b
<br /> � tliat, in Lendcr's gaod faith detcrminution, precludes forfciturc of thc Borrower's intcrest in dic Property or othcr material _
<br /> imp�irment of the lien created by this Security Instrument or Lettder's securily interest. Burrower shall also bc in default if
<br /> �• • Borrower,during the loan:+pplication process,gave materiatly fulse or inaccurate information or statements to Lender(ur fuiled _
<br /> . ta pravide I..,ender with any materiul information)in connection with the loan cvidenced by the Note, including, but not limited
<br /> to,representations cancerning Borrower's occupancy of the Propeny as a principal residence. If this Seeurity Instrunient is on a
<br /> Ieaschold, Borrower shull cornply with all the provisions of the Iease. lf Borcower acyuires fee tide to the PropeRy, the
<br /> � leaschold and the fee titic shall not mcrge unless Lender agrecs to thc merg�r in writing.
<br /> " 7.Protectian of Lender'�Rights In the Property. If Borrower fails to perform the cuvenants und agre,:ments containcd in
<br /> this Securiry Instrument, or there is u Iegal pracceding that may signifirantly affect Lcnder's rights in the Property (such as a �t;::.
<br /> pmcecding in bankruptcy,probate,for condemnation or forfciturc or to enforcc laws or rcgulations). therx Lender may do and ��:
<br /> .�,�,-
<br /> pay for whatcver is neccssury to protcct thc valuc of thc Praperty and Lcnder's rights in the Property.Lender's actions mny d:.
<br /> include paying any sums secureci by u lien which has priority over this Sccurity [nstrument, appcaring in court. paying �,' -
<br /> rensonable attorneys' fees�nd entenn�on the Propeny ro make rcpuirs. Aldiough Lendtr may take actiun under this paragraph � �
<br /> 7,L,ender does nat have to dn so. �
<br /> �;:
<br /> ° ° Any wnounts disbursed by Lendcr under this paragraph 7 shall hccome additional dcbt of Borrower secured by this _.._
<br /> . Security Instrument. Unless Borcowcr und Lc:ndcr agrcc i� uthcr tcrms of payment, thcsc amounts sNall benr interest from the �"
<br /> �?�`.
<br /> date of disbunemcnt ut thc Note r.�tc und shnll be payable, with intcrest, upon noticc from Lender to Bonowcr requesting ;,_:_-
<br /> .: ,� payment. �'-
<br /> .�:_
<br /> �, . ., S.Mortfiage Insurunce. It L.ender required mortgage insurance as u condition of making thc loan secured by this Security °�y��_
<br /> " � Instrument, Borrower shall pay the prcmiums reyuircJ io maintain thc mnrtgage insurance in cffect. If, for any rcason, the El:r.�.
<br /> , ;,.:
<br /> _.�, mortgage insurance coverage required by Lender lapscs ur ccases to be in effect, Borrower shall pay the premiums rcquired to �,
<br /> . obtain covcrage substantially cquivalent to the mortgagc insurance previouyly in cffcct, 1t u cost substantially equivalent to the :
<br /> � cost to Borrower of the mort��gc insurance previously in effect, fmm an ultemate mongage insurer approved by Lender. If t.�,;
<br /> � substantially equivulent mortgage insurancc covcrage is not available. Borro�vcr shall pay�o Lender each month a stun cqunl to ;:;` •
<br /> • '. • one-twclfih of the ycarly mon�agc insurancc prcmium bcing paid by Borrowcr whcn thc insur,uicc cuverigc lapsed or ccased to
<br /> � " be in effect. Lender will accept,use and retnin these payrnents us .►loss reserve in lieu uf morigagc insurance. [.oss reservr. ; ,
<br /> ;
<br /> � Form 3028 9190
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