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<br /> 5. €E�r�Q� b�'ope�ty i�asa.�Eorrur:cr bf���tl:e�[mg:rsv�.�cn�r.��c.xi�t€t�ur f:€xc�i�r;�;� an�tt�_`. � �--
<br /> -= � � `P�up�sty insurad ^° st toss bqr,firc.h�s inctu d;:�v;i t h in t t�y[�agn'ex t.�c l;fl c c s v c r a E;L"�.�i S e r 3�d��cr€i�znrrls..i�Iu�:�g _ .
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<br />--= Qa�ds a:�oQdiQ�.fos cvbtch[.�nrier t�qc�ices iasutancc.'tit3s€n::u;�r.��en�ll bc�,:ir,taine�d i�t ttz��a-:�;rnts��!fcrs ti�..�eri'�� .' -- _
<br /> -- tt►as E.cn4er ccqe:nrey.TTt�insur�znc�caire�r provi�lin��'h�i�surznsa st�:�t€�c ch,���'+by�e�rrau2r�g���t t�s E�.�:_t:�'s e�f���^�i ------
<br />-= = wf�ieh�ali�iat�a unma�om�blp arittihetd. Hf 0osro��c�fn�i�cc�nzaiat�Q�c►vcr�c dc�€i�d�abQ�c, �,en•L�r�r.n�;�:�t Exr�c�'s .
<br /> � � . , o��taa.o$tainco�ezt�c so pyot.s�t f.e�cr'g ri�hts in t��4'F�;scrty in ac��:�;tt�c witlt�r�,gt��10 7. � `. . ` _
<br /> --`= All insuryr.rc poticiss�s�d cca�vals ��Jl�c c�:�rptrbt�m i�r�dce cr�d at�alt irclurl�a ssez�9�r�nta�a��c4:,�s�..�l�n�tic,`�
<br /> .-� ehnli ha�e i�rcc�bt ta hatd che�licics r�rcncer�fs. [S�r r�;qa�res,�o�a�er si�lb.�p�o�r,p�lY 8i��ta E,�+�tti:ra�re:�lp�s o�' . ,•
<br /> "� - ?�iQg�m'-�n?�d r°4newal antic�s.ta,the cv;��t af Eqss,I�arrutacr�it.11�i�F�;�sn�t noticc t�13�e ir.su�r.�capcicr��cr`��:�. � --- .
<br /> y''� ` l.�nder cn�y make proof of toss tf nat made pramgtly by�insro�vcr. ' . � .
<br /> '� [;ntess Le��r astld Borcouer othen+rise ag9'e��a�rritin�,insnr.tttec pr�Js sh:li L�cp�f�cd ta¢e.�tarasioa er rt�r.of� , �
<br /> _.-=-� prop�rty das.�ged.i�'tl�e restoration or rena�r t�ecnaamfcaily feasible and,3.e�der's s�cvfity is t�oi les�nctt.'IC4f�..r�to.�::on or•_ , -
<br /> -- rep�ir is not eoonomically�fcasibie ar Lxxsdes's se�riry.wotsld tse tessen�ci.th�irsurn�pr�.�ds s3taA be app2i�ta tPie sa;u►s: �
<br /> - = sec.ured by Wis Sssurity IaSttu�ertt.wGc�h:a or not then due.cvitH any excrss p�id co Sosr��4er. If S�rroa•�r�andnns the
<br />-_-- Pra�etty,"os does nat m�swer within 30 daps a notioe fram I:cnder that tite iRsuranec c�rrI°r haa off¢r�d to settIe a ci{�nr,t1s�: . .
<br /> — I.e�ter may colleet tha insuiance pmceed�. Laider may use the piacceds eo.repair or r�swre tha Prap�rty or ta,pray s� . ' :
<br /> -= s�zut►�hy this Sectuity Insdm�at,whether ot Rot then due.The 3aday perind wilt 6egin�vt�;a the rtotice is pven: . , �
<br /> --_— UNess Ler�er mxl�8atrovrer otitersvi�e a�ce in vrritinD. anY aPPlicatIon of proseeds to princ3pat sha2t uest cxtend or
<br /> - = • posipD�e fhe due date of the monfhty payments refetres!to ia paragaphs i and 2 or c�anpe the.^.mount_mf�.�te gaywtrits.I� .
<br /> _= under paragtapb.21::tt�ee Ptape�ty:i;:a�9ui�d 6y LeIIder.IImra�ver's ri�ht to an}r insuia�ce pol�cies�arr�procezds res�tting fro�. .
<br /> ---= �damage ta thc P��ty.tiriot fo'die acquisitioa shali pass w Le�der to the ettent of t6e sums�iur�by this Soc�uity lasstsvm�at
<br />-^��, i�meS��1Y F��'ihe acqulsition. ' ' .
<br /> 6l:�(3ecapaucy,��'r�ervu�[o�Maintenaue��nd�rotc�ttaa oYt6�YR�perty;BorroRe�s�.nan Agp�tiarn:,L�sel�ol+ig.
<br /> '';� Biitcas�iec shall ozcupy,estatilis[t�;attd tue the Property as Sorrower's principal tesidmce wittiin sixtq aa�s a�er tbt exet»u Gf � -
<br /> ```'_ � rn „*+ t and ahu41 c�ntinue to occupy the PropertY as Borcowee's prinsipal s��:�for at teast.ane ye.�r aftar
<br /> �, this SL�urity
<br /> ,��'� t•, tire date of oa�pancy.ienless�.en3er atherwise agrees in cvriUn�.whtch consent shall�not br�i��uv3.�#twbIy with2:e�d,or urls�s
<br /> '% ,`.:�• er�teenaduS cireumstances exist cvhich are beyond Bonr�cwer's,control. Bssrrower shalf.not���tmy* damage or impair the -
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<br /> __ : s;:2�-, •. Pto�y, allow the Pcaperty w deteriorate.or camaut wa5te on the Prrsperty. Bottower shall tre in default if any�orFehnre
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<br />;;;:;:ti<p� .; � �iptx t�^z,proce�din�,wbettter civil or criminal.is be�u►that in I,ender's gaod faith jad�me�cuuld resuIt ia forfeitt�re pf the �
<br /> n f• ' iYr��br oth:nv�se materially impair the li�n rreatr�i by this Security Instrament ur T�nder's Eei�tt'ity interrst.Borrower m�y � _�'
<br /> �-`�;{ ': '., c�..'v�-r:.c�a��ar,�reinstate,as pro1 ide3 in para�aph t8.by causing ihe actian or pmce�Ying to be dlsmiss�ri a�ith a ruling
<br />_;=�:e. ;.': .. .. 4-.�,;iu F endes's�*�w.�faith de�erminat�a�. precludes forfeiture of the Horra�ver's in4erest in the Praperty or flt5er mate�tal :
<br />,;,�..,,. �• i�ia;tts,�t�of the tien created by this�ecurity Inshument or Lender s security interes� Bonower shal!alsa be in defanl[if `"
<br /> - ' Sc�nt�ca:during the toan applir.��an process.gave materially fatse or inaccurate infom�ation or staiements m Ler'�der(or failed =_ -
<br />_�_..� to provide Leader with azry material infomiation)in cannection witfi the loan evidenced by the Note.including.6ut not limited — —
<br />- ' . ta,reptesentations eoneeming Burtowec's accupancy of the Property as a principal cesidenee. If this Seturity[nstrum;ru is on a '• �
<br /> ='°t leasehold, Boerower shall comply with af l the pravisians of the tease. !f Borraw� acquires fee dtle to ttte Property, the �-
<br /> ..� teasehold and the fee title shall aot merge ustless Lender agrces to the merger in cvriting. �
<br /> �;:~, 7.Me�te�on of Leader's�i�ts in th�PFopertY.If Borra�ver fuils to perform the wvenants arid ageea►ents contained in ��
<br />-�-`�� [lus Security InStrument.or there is a lega!pmcceding that may significantiy affece Lender s rights in the Praperty(such es a ���
<br />'�--f'� proceeding in ban6-�uptty.probate. for condemnation or forfeiYUre or to enforce taws or c�egutations).then Ler�er may do aad
<br /> ��„'��- pay for whatever is necessary to pmtect the datuc of the Property and Leadcr's rights in the Praperty. l.e�er's actions may �_,
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<br /> •:�_,� inctude paying any sums secured Dy a lien which has priority over this Securiry Instniment. appearing in court, paying - —
<br />�;�s. rea�onabte attorneys'fees and entering on the Praperty to make repairs.Althou�Lender may take action under this p�tagtaph �°'��
<br />-,n�� 7.Is:culec does not have to do so. ___
<br /> ` , Any amounta disbursed by Lender under this Qarag�aph 7 shali become addittanal debt of Borrowee securad by this =__ _ _ -
<br /> '� . ��ity lnstrumen3�;Ualess Borrower and Lender agree to qther terms of payment,thase amwnts shali bear interest from the = � _-
<br /> ." cSace,oi tlisburs}em�sit at the rlote rate and shall be payable. with interest. upon notice from Lend�ca Borrower requesting .u.� _- -
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<br /> � F�Mortguge Icsnrunee.tf I.ender required mortgage insuranee as a condition of making the loan sacard hp tluh Security t�'-�=
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<br /> ' Ynsct�ment. Borrensaer shall pay the premiwns required to maintain Ne mortgage insurance in effect. If. for any�.rzasan,the
<br /> mort�age insura�.�coverage required by t,�cder lapses or cea5es tv be in effecb Borra�ver shall pay the premiums required ta- • - -:,"��'�'
<br /> -t obtain coverage substamiut3y equivalent to Q�r:rnortgage insurance previously in effect,at a cost substantially equivaient to tIn� � �
<br /> - cost to Borroc+rer af the mort�ge insurance previously in effect. from an s►]temate�mortgage insurer approved tr� �.ender. If .
<br />_ � subsa�qptialty eqvlvulent mortga��i:uumnce caverage is not available.Borrawer shall pa,y t�l,ender each month a.su�n equal to ..��-;f,: �
<br />''=;� �- ane-ti�Clfth of the yearly mortgaae insuraieoe premium being paid by Bonower when the insurance coverage lapsect ur ceased tq. � ;��:,��. .
<br />-�v;�;�. be in effect.I.ender�vill accepa:use and retain these paymen!s as a loss reserve in lieu of mortgage insurance. Loss rescrv�
<br /> ��Y;;;� Fottn 3028 9/90 .
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