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<br /> S. Nnmrd or Prnperay Insur�tncc. 8nrrowcr shall kcep thc improvcmcnts nm�� exisNnf; or he�ftcr c��cricrl on dtic
<br /> � Pri�perty insurcd araintit losti by�rc, harards includcd�vithin ihc term "cr.trndcd ccwera;;c" nnJ any uth�ttr ha�a�•ils. inclutlin�s f°�`� .
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<br /> Fln:icls or ilnudin�;. fnr�vhic6i Lcndcr rcquires in�,urancc. 'I'I�is intiurancc shall iTC m;�inti►inal in tlty nntouuty iutd iin•liie��::�fi�d��
<br />- ' ' thc�t Lcndcr requires.7'hc insurancc cc�rricr providing�hc iusur.mcc:shnll hc rliuscn by 13nrc�u:YC1' SpIt�CCI lU I.c►t�icr';;t�ppi�av,�l �""
<br />'�;,�^;L:, - ° :;:..;;";` which shull not bc unrr.asonably withl�cld. If Rorruwcr fiiils to nu►intain c��vcr;�pc dcscrlbcd nb��vc, Lcn;lcr nt�y, at l.cntic�'S
<br /> ��_;�,�;w,ti��,�ti. aptiun,c�btain cavc�ngc.0 protcrt Lcndcr's ri�;hts bi tlic Property in uecor�aiicc�vith par:�gnipf�7,
<br />�,,t.,.�`�•-^�?�i�7� All insuraucc pnNrics and r�ncw.ds sludl hc ncccpt.�blc tu L.c:ndcr wid shal) includc u titnndarcl murt�agc clausc. l.xixlcr
<br /> �fg•;�:.,,�•,,_ ._..::; �.,. shall havr Ihe right ta ludd 1�7e pnliries and rencwals. ff I.ender rcquires. I�orrmver tihall promptly �tivc tn��en�lec all rcLOiEns n�
<br /> d—�-°t°r� paid premiums nnd �cnewnl natices. In the event of loss, Borniwer shall glve prompt noticc to tlie lnsur.�.nce carrler und[.ender.
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<br /> �:r�-� '���:�:!?;�:��. Lendcr muy m�kc prcx�f of loss if not madc promptly by Borrowcr.
<br /> �;;�;:�,,,:; . ;;:: :s�';�,,. Unless Lcndcr nnd Rorrower�tl�crwise ngree in writing, insurancc pracceds shall bc nppliul to restoration Ur rcpair of thc
<br /> j"' '� � Praperry dnmagcd, if the restoratian or repnir is cc�nomically fcasible nnd[.endcr's security is not Iessencd. if the restoration ar
<br /> ��''�C�'I, �� ��`„ repair is not eeonomically (easible or C.e%Ier's security would be Iessened, the in�uranec praceeds shall be applied w the sums
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<br /> • � '�:"��- sccured by this Security Instrument, whcthcr or not Uien due, with any cxr.css paid to IIorrower. If Qorrowcr aoandons thc ___
<br /> =� ,� ' °;;;�F�:,;;: Property, or dacs not answer within 30 days a noticc from Lender that ihe insurance carrie� h�s offered to �cttic a clain�, thcn
<br />�_��C.����4,. �r.:e:.. Lender may collcct the insurunce proceeds. Lender may use the proceeds to repair or restore th. Property or to pay �sums
<br /> ' , sccured by this 5ecarity Instrument,whether or not thcn due.The 30-day period will begin w}�en thc nottce is given.
<br />-� �"• ' lJnless L.endcr and Borrower othenvise a�ree in writing, uny application of prarceds to principal shnll not extend or —
<br /> � ,, ��,,.�: postpane thc due date of the monthly payments rcferrcd to in paragraphs 1 and 2 or cliange the amuwit of the payments. If
<br /> '• "` 't•..•i•' ':• unde�paragraph 21 tlic Property is acquired by Lendcr, Bonower's right to a�iy insurancc policfes and procecds resulting frotn
<br />_ � � . '``�'�� ' dan�uge to the Propeny prior to thc acquisition shall p�ss to Lcndcr to thc cxtcnt of thc sums s�cur:.d by this Security Instrume�tt �-
<br /> " .. " immediately prior to the acquisition.
<br /> ' 6. dccupancy, Preservallon. Maintenance and Protection of the Pro�erty;Borr�wer's Lonn Applicution;Leusr.holds.
<br /> -4 . Bormwer shall occupy, establish,and use the Property as Borrower's principal residence within sixty days after the execution of
<br />�{'�"': ,-� ��� ='''" this Security Instrument and shall continue to occupy the Property :ss Borrower's principnl residence for at least ane year aRer
<br /> the date of occupancy, unless L.ender othenvise agrees in writing, which consent shall not be unreasonably �vithheld, or unless
<br /> � � � '` extenuat�nig circumstances cxist which arc beyond Borrower's control. Borrower shal! not dcstroy, damage or impair the
<br /> , � � - Prupeny, aUc�w the Property to deteriorate, or commit waste on the Property. Horrawer shall be in default if any forfeiture
<br /> ..`''' � action or proceeding,whether civil or criminul, is begun that in Lender's good t'aith judgment could result in forfeiture of the
<br /> Property or othcrwisc materially iinpair the lien crented by this Security Instrument or Lendcr's security interest. Borrower may
<br /> cure such a dcfault and reinstate,as provideci in parag�aph 18, by causing the action or proceeding to be dismissed with a ruling
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<br /> � impairment of thc lien created by this Security Instrument or Lender's securiry interest. Borrower shull also be in dcfn�lt if
<br /> ,, " 8orrower,during the loan appliratinn process,gave materially false or inaccurate information or statements to Lender(or fAiled
<br /> �, � � to provide Lender with any material informution) in conn�:ction with the Inan evidenced by the Note, including,but not limited
<br />- ,, ., , to, representutions concerning Borrower'+occupUncy oF the Property as a principal residence. if this Security Instrument is un a --
<br /> • Icasehold, Borrower shall comply with atl the provisions of thc lcase. If Borrower acquires fee title to the Pmperty, Ihe
<br /> teasehold and the fee title shall not merbe unless[.cndcr agrees to the merger in writing. --
<br /> ;. „ � " 7.Protectton of Lender's Rights in the Property.If Borrower fails to perform the cavenants and agrcements cuntained in �,
<br />` , tliis Security Instrument, or them is a Iegal proceeding that may significantly affect Lender's rights in the Property (sueh as a
<br /> � proceeding in bankruptcy,probate, for condemnution or forfeiture e�r to enforce laws or regulations), then Lender may do and ��_
<br />: , ; � pay for whatever is necessary to protect the value of the Property and Lender's rights in the Propeny. Lender's actions may '
<br /> �•. � . � " include paying any sums secured by a lien which has priority over this Security Instrument, appe:iring in com�t, paying �'�,
<br />� � .� ., reasonable attorncys'fces and entering on the Property to make repain. Althou�h Lendcr may takc action under this parugraph
<br /> ,.. 7,L.ender does not have to do so.
<br /> • Any amounts disbursed by Lender under this paragraph 7 ,hall become udditional debt of Borrower secureci by this
<br /> „ Securiry Instrument. Unless Bonowcr and Lender ngrcc to othcr terms of payment, thcse amounts shall bear interest from the .'`
<br /> " date of disbuisement at the Note rate and shall be payable, with interest, upon notice from L�:nJer to Borrowcr requcsting
<br /> _ :, payment.
<br /> • � . „ � 8.Mortgage Insurance. If Lender required ntortgage insurance ati a condition of making lhe loan secureci by this Security
<br /> ' � . Instrument, Borrower shall pay the premiums required to maintain thr mortgage insurance in et'fect. If, for uny reason, the
<br /> ="� ° mc�rtgage insurance coverage required by Lender lapses or ceases to be in effect. Bormwer shall pay the premiums reyuired to
<br /> - ' obtain coverage substantially eyuivalent to the mongage insurance previously in effect, at a cost substantially equivalent ro the
<br /> ;�. .. cost to Borrower of the mortga�e insurance previously in effect, from un alternate mortgage insurcr upproved by L,ender. If
<br /> :� ;_ � substantially equivalent mortgage insurancc covcragc is not available, Bi�rrowcr shall pay to L.ender each montli a sum cqual w
<br /> `„ L one-twelfth of the yearly mortgage insurance premium being paid by Borrower when the insurance coverage lapsed ar ccascd to
<br /> '.�- � � be in effect. Lender will accept, use and retain these payments as a loss rescrve in licu of rnortgage insurance. [.uss reservc
<br /> - Fo►m 3028 9l90
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