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<br /> �.",��i �94'� �.����� -
<br /> '��' S. E{c�zn�tl or Pr�o�riy a�tsi3e;mc.:. @arroE.cr sh�ll kc�p ihe inpi�ovements now e.ISl�11U Ql' IIL'IC:II�ICS'Ci�CtCCI U/i II1u � 4_
<br /> , �'� P�-op;riy in�urcd n�ainst lnss Gy firc.h�?ards in:ludr.d avilhio di;tc�m "cntendi�I COVCY�rC" nncl ae�y aili;-r l,�,r-�+.dti, i��cl�;��;�t�� �---
<br /> (l��irils ar(I��a�ding, fo�•e�6ich I.endar ra�ires @uwr.nue. 'I'I�is iu5ue��nce sliall lz�Ill:lllliain�ct in tPie;!�uonsu�.,ut�1 yiir fic.�;:��ini.;�t �:�•��
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<br /> _ ,x��, , .,;:;. that L<:ndcr rct�uires. Thc insuri�icc carricr pra�vidinF thL iiismancc shall Qc clto�cn by H�erotvice subjc�t to L.c;td:i's up�s-oval """"°"
<br /> - ' ' :��-;�;x+� �vhicli shall not b,, unreasanal�ly withheld. If �oreo���cr fails e�y m:�intain cave���ge described nh�ve. [a:nilcr ntay,ut Lc:�ider's
<br /> �-�=�'�-�a��.�:.w���:ma:., op�ion,obtain cnvcr.�gc�o protcct Lender's riglus in tha Prupc�ty in ar.curdancc witli parograpl�T.
<br /> ___�A•�-;»�:�"�'p,t� All i:isur,ince policies and rene�vals shnll be aci:eptable to I.ender,�tJ sl�atl ii�clude a stnralard mortgage clause. l.,e�xier
<br /> _�'_;�,;..___�._�� shall ha�•c the right to hoid the policics an�rcr._lvals. If l.�r.dcr rcquires,�3orrotirer sl��ll peomptly rive tn l.er,f�er rl! re�airts�f _____
<br /> _ �'— paid premiunu nnd renewal notice9. Ia Ihe event of lass, Borrower sl��ll give��rompt notice to thc iasurance carrier axKl Lender, _
<br /> "`� �`'�*`�� Lendcr m� makc rcwf of loss if nc►t macic roin tl b Borrowcr.
<br /> _ :~t•. .,_.,r .. Y P P P Y Y
<br /> --���ha.i;'1�,�;',; Unlcss Lcnder atid&�rrower athcnvise asrce in writing. insuranca prucecds shall be.�plicd to eestoration�r rcpair of thc
<br /> �"""���"`' ;•"';, ' Property damaecd, if thc rostoration or re�air is ecmtomically feasiblc und Lcndcr's socurity is noi Icssencd.If the restoratlnn or
<br />-H+�i�."���1'.�. � -�.n•��,..�
<br /> ,�°��". '; .;��� re�air is not economically feasible or Lender's security wnuld be lessened.the insurance procceds shall be appli�d ta the sums
<br /> ;��,,r�'�~�'y secureci by this Security lnstrument. u�hether ar not then due, ���itb any excess paId to flarrower. !f&irmwcr aban�ion� �hc —__
<br /> •�•����-,-�y �r, Propeny, or does not answer within 30 days a notice from I.endcr tlmt the insurance carrier has offerecl to settle a claim, then _
<br />_-=`:�"•I�:r:�z•,'•i<.�11 I.ender may collcct the insurance proceeds. Lcnder may use the proceeds t� repair or restore thc Propcny or ta psy sum; —
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<br />-��,-�,� ;}��y� sr.curecl by this Security Instniment, whether or not then due.'I'�e 3Q-day perioci will begin whcn the notice is�ivcn.
<br /> '��'�?. �`•� ' .•-�r�?•.. Unless LenAer ai�d 9orrower othenvise agree in writing, any application of procecds ta princip:►I shall not extenc!or
<br /> -_.� l ., ,...,;,
<br /> .:::• Po Po Y P Y p' S P S' P Y
<br /> ��r.,�4.e•..:���+��? st ne the due date oi the manthl a ments rcferred to in ara ra hs 1 and 2 or chan c thc amount of the a ments. If
<br /> -- �!"`'° 3
<br /> ��;y;w�:•��.x�,'�t;�.. under paragmph 2l the Property is acquired by Lend�r, Barro�vei s right to any iiuurance Nolicies anA proceecis resuiting frocn
<br /> "-«=s-���',' .�:.,;�,} ..; damage to the Nmperiy prior to die acquisition shall pass to Lender to the extent of the sums secured by tfiis Security instrumeui —
<br /> --:�a'�'s>� �;�!�;� immcdiatcly prtor to thc acquisition.
<br /> '—"�.::E�;�-.�'�.`:kr.• � �•
<br /> '�. � 6. Occu�ncy, Yrcservatlon,11'da�lntenance nnd Frotection oF the Property;[iorrower s Loan App,ication;Lea�eholds.
<br /> �. • � � f3orrower shall occupy,establish.:uid usc the Property as Horrower's prin.ipal residencc within sixry days after the exe�:ution of
<br /> �""''-�'����f''��� �' this Security Inssn►ment and shall continue to occupy the Property as$orro«�er s principal residence for c�t least one year after
<br />�,,,:,�,•,,,,;_:���,., . the date of occupancy,unless Lender othenvise u�rexs in writing,which wnsent shall nat be unreasonably wiqil�eld. or unless
<br /> �,•;,��.• ' extenuating circumstances exist which are beyond Borrower's cantrol. Borrow�r shal! not destruy, damage or impair U�e
<br /> _'="�•" ' • Property, alln�v the Property to det�riorate,or commit waste on the Property. Bottowcr shall be in default if any for3'�iture
<br /> ;;�_��; , action or proceeding, whether civil �u criminal,is begun that in Lender's gaod faith judgment could result in forfeit�re of the
<br /> • , • Property or othenvise materially impair the lien created by this Security Instrument or Lender's securiry interest. Borrower may
<br /> _ cure such a default:uid reinstate,as provided in para�r�gh 18,by causing the action or proceedin�to be dismi:;sed with a ruling
<br /> �;��`:.: � • -• mat, in i.ender's gooci faitn detertnination. preciudes iorieiture of tne Borrower's interest in she Propeny or uiher materiai
<br /> � • '�ti ;, impaimient of the lien created by this Security Instrument or Lender's security intemst. �orrower shall also be in default if
<br /> • . Borrower,during tfte loan application process. gave materially false or inaccurate informutian or statements to Lender(or failed --
<br /> " � to provide L.ender with any material information) in connection with the loan evidenced by the Note, inc9uding,but not limited
<br /> . "�'. to. representations concerning Bonower's occupancy of the Property as a principal residence. If this Securiry Instrument is on a
<br />_. „ , leaschold, Barrower shall comply with all thc provisions of thc lcasc. If Borrower ucyuires fee title to thc Property, the
<br /> ,„ ,�„_,.,_.,.,,• ;,. Ic:uehold and the fce tide shall not merge unless Lender agrces to the merger in writing. --
<br /> , . �;�,;t ;�.., 7.Pratectiai of Lender's Ri�t�ts in thc Property. If Borrower fails to perform the covenants and ag�eements coretaened in � -
<br /> � __ . .�..�a.;n-.•.�' this Security Instrument, or thcre is a legal praeeding that muy significandy affect Le:nder's rights in the Property (such as a =-
<br /> • �°�:'^•r procecding in bankruptcy,probate, for condcmnation or forfeiture or to enforce laws ur regulations),then Lendcr may do and �-
<br />_i'.t �. ���
<br />-_ -,._.,-„ pay for whatcvcr is neccssary to protect the valuc of the Property and C.ender's rights in the Properiy. l.ender's actions may �:
<br /> ' " � include paying nny sums secured 6y p lien u•hich has priority over this Security Instniment, appearing in court, payin$ �'"
<br /> r.."- _. ✓,'c_
<br /> _-, , ,, , reasonable attomeys' fces.md entcring on thc Rropeny to make rcpairs. Although Lcndcr may takc action undcr this parag[aph
<br /> _-.....,...,,. -„ 7, Lender does nut have to do so. _
<br /> Any amounts disburscd by Lender under this paragraph 7 shall become additional Jebt of Borco�ver tiecurecl by ehis
<br /> �_�� � Security Insttumcnt. Unless Borrower and Lender agree to uthcr tcrnis of payment, thcsc amounts shall bcar interest fro�[he -
<br /> `; datc of disburscment at thc Note rate and shall bc payablc. �vith intcrest, upon notice from l.endcr to Borro�ti�cr cequesting
<br />;.`� . ' payment.
<br /> ° $.Alortgage Insurance. If Lender rcquircd mortgage insurance as a cundition of making the loan secured by this Security
<br />-=- lnstrument, Bunower shall pay die prerniums required to maintain the mongage insurance in effect. If, for any rcason, the
<br /> -_ „ martgage insurance covenge require.d by Lender lapses or ceascs to bc in cffect. Borrower shall pay thc premiums rcquired to
<br /> � obtain coveragc substantially cquivalent to thc mortgage insurancc prcviously in cffcct, at a co�t substantially cquivalent to the
<br /> -_,� c�st to �onnwer of the mortgage insurance previously in effect. from an alternate mort�age insurer approved by L.ender. I(
<br /> '`'��' substantially equivalent mort�age insur�nce coveragc is not availablc.Borro��•cr shall paJ•¢o Lcndcr cach nionth a sum cqual to
<br />_ �,,..
<br /> �;'`•���� , � ' one-t�velfth of the ye:+rly mortga�e insur�nce pmmium hring paid by Borro��•cr when the insurmce cuverage lapsecl or ce;itiui to °
<br /> �. be in effeci. Lender�vill accept, use and retain these payments as a loss reterve in licu of mortgage insurance. Loss reserve
<br /> �,��
<br /> , Form 3028 9I90 �
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