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<br /> .`�:`��` .�`° .`t��'` S. �iuza�l or �o rt [nsurtut€e. $nrro�►e� shall kcep the improvements ttow cxisti g�r�►e�ea4tet erected on dre ` _ - ._
<br /> :=�,---.ti�'�,_n_ .. � Y , ==-_____
<br /> �t;�:`,;�:`�: ,F�; ; . 'Qroperty insured�ainst tc�:�by Grc.Iiarards inciudcd within thC tcrm "rxt�nde�couee�e, und uny uther�azard�.irzctuding -
<br /> � ��� �. , , ° Qoods ar t3iwdin�.fa-�r•hich Lender reqaire9 i�ur�nce.This insurancc sh�,lt be malnt�ined in the uu�unts und�fos the periads -_
<br /> Y< <:.: ,:� ... ?, ' 'that Lendei re�uiccs. 'i'he Insueunce cntt{�r providing tRc insuranee shalf be cha.teb by BorrowCr subjctiY w Lend¢i s s�gprovul � _ _
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<br /> t� :� which shal)not b�unrcusuntl�ty withhetd. If 9orrAwzr�ails co maintaim mverage detcribed above. l.ender may.ni l.ender's _____
<br /> xa+, � . `••'`� :. � ' opiion.obtain rnvcragc ea ptoteet i.enQcr'6 rishts in thc Property in arcntdancc+vith paragraph 7: __
<br /> � � � '. � Afl imurance poticics and rene�vaSs shal!br IIcecptable ta Lender and stu311 inzSude u+zandacd mort�e clause. Ler�fer =__-__-_—
<br /> : • , sh�li have the right to fiol�!he policies and rcnewals.if irender requims.8orrn�ver sha11 prompily give to LeQdes all rc�e6pts of _
<br />� �:;,,. , . • . pa�d premiums and teaewal ttatices:ln the event oi loss.��rrower�hall give prosnpt notice m the insurange carrier aad Lender. . _____._
<br /> - - I.end�r may make pruaf of tass if�ot made i���Y hY����cr. ' • �
<br /> ` ��� - Unless Lender asid Borrowes ntherwise agee in wriung.insurance proce�ds shall be applied to resto�tatitin or repais of the _
<br /> , Propeny ciamaged.if the testoration or repair is economicaily feayibte and Lestder's secvtiry is not lessened.[f the restoration ar
<br /> ,,:: ', : _� repair is ant�onornicaily feasibie or Lxader's securiry wouid 6e lessened,the iasurance pmceeds shall be applied to the sums •
<br /> � � ' , ,,� s�by this Security Instrument,whether or nnt then due. rvith aay eacess paid to Borrawet. If Barrawer abandons tPte �
<br /> �3 - � property,or docs aot answer within 30 days a norice fram Lender that the insurance cazriet has offered to settle a etaim,thent�
<br /> °'r. ' Lender may coltect the insurance procePds. Lender may uss the praceeds to repais or restort the Frapere�or to pay swn5
<br />` '� ". . • .- • secured by this Security Insuument,whether or not thcm due.The 3[lday period will begin when the natice is gtvea.
<br /> ����•, ' � , Untess�Lender and Bflrruwer otherwise agree in wriring:any applicatioa of proceeds to principal shall not er�end or . -
<br /> ' •' 4;.' postpone the due date of the monthly paymenis refeaed to iu paragraphs ! aad 2 or change the amount of the pay�ents. If .
<br /> ��:� ,:•�`� ' • � under ParagraPh 21 the Property is acqsired by Lender.BorrowePs righi to any'tn��noe po1�[es aad pmcree�s�sUlii�g from
<br /> � . ' damage to the Praperty prior to the acquisition sliall pass to Ixnder to the extent of the sums secumd b y t h i s Security I n s u v r u e n t
<br /> ��� ;�f ; � immediaUely prior to the acquisiuon. •
<br /> �_<;.:,� ..
<br /> � ;r;.�r-� < 6.Occaganep,P[esesvatioDs I�inintpnartce Sud Ptatec4IuA of the Pmp�'iy:Ifmsmwer's Loan AppHcat[on.I.Qaseho�ds
<br /> -' -_- �-...�•-' Boriow�r s6a11 occapy,estabiish.and use the Property as•Borrowe�'s principal�ce arithin sixty days after the�xecation of ,
<br />::::s;_...;:';.. 1..
<br /> this Scti^urity Instrument and shall conanue to accupy the Property as Borma�s's�ir.�c�}da1 residence far at least one yart aRsr
<br /> � �. the�ts of occupaney,unless Lender othercvise agrees i�cxmting, which consent s�h i��e unreasotr�bly vri�13�.,or unless
<br /> ; �. ; e�i�adng circumstances eaist +�vhich are beyond BoFioa•er's cantrol. Borrower�J.; aot desTroy, damaae�:vi::tr�►pair the �
<br /> - . � .. • �coperty. allmw the Property to deteriorate, or wmmit waste on the Property. Borr�tiirer shall 6e in default if ai:r forfeiwie
<br /> .-�_ -- --- � action or proceeding. whethes civil or criminal.is begua that in l.ender's�oad faith judgmetct canld restilt in forfeiture ef th�� �_ __
<br /> ;` �� , ,;'• •: ' :'l• . Property or otherwise materially impair the�ie�created by this Secvrity[nsavmcsnt or Lender's sec�uity intenest.Borrower may _
<br /> .,`� :'�;lx%;%.,�5 rj:,.,�;: ` curewar3�:adefault and reinst�.�s.provide�i i�{�aragraph 18,by causing ihe aaion ot�.-o�oeeding to be disnisss.�.�a r�ilit►g _ � -----
<br /> � ..'ry�;r'j�,��,�,��!��`1A':^,�`';� � that. i:�ixnder's good faitl���r�oh: �r:actudes forf-�''are of the Borrower's i��t in the Property or�_materi�l
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<br /> • .. ,�•t impairment of the lien crea:o�Pi-s this S�uri� IInstrumesst ar Lender's security inte�est. 3orrowec shall also t+���efault if
<br /> ' ' Borrower,during the loan applicatian proces�.gave materially false or inaccurate informarion or statem�aau to L�.(or failed
<br />._ : � � to prov'rde Lender with any material information)in connection with the toan evidenced by the Note,including,ti�.=:r.�t limited _
<br /> . •• . to,representations coacerning Borrower s occupancy of the Property as a principal residence.If this Sea�rity Inst�..�..*-�t is on a
<br /> � . " ' leasehold. Boaower shall comply with all the provisions of the tease. If Borrower acyuires fee tide to the Praperty, the
<br /> � � teasehold and the fee titte shall noi merge unless Lender agrees tu the merger in wridng. �
<br /> � �. . � 7.Pr�at�tlon of Lender's Rights in the Property.If Borrawer fails to perform the covenants and agreementscontained in ��.�,
<br /> � . this Socuriry Instniment. or there is a legal proceeding that may significantly affect Lender's rights in the Property(such as�
<br /> � '. pmcee�ing in bankruptcy.probate, for condemnation or forfeiture or to enforce laws or regulattons).then Lender may do snd . __ _
<br /> • � � pay for�vhatever is necessary to protect the value of the Property and Lender's righu in the Praperty. Lender's actions may =-_
<br /> n•._--.
<br /> � '" • include paying any sums secured by a lien which has priarity o�er this Security Tnstrument. appearing in court. paying
<br /> ' reasonabte attomeys'fees and entering on the Properiy ta make repaiis.Although Lender may take action under tlris paragraph `��
<br /> ' � � • ,,, 7,Lender does not have to do so. ��
<br />- � � "�°<� M amounts disbursed b L.ender under this h 7 shall beca�ne additional debt af Borrower setured b this
<br /> , Y Y P�P Y �:--
<br /> • , � �iaity Instrument. Unless Bo:rower and l.ender agree ta other terms nf payment, these amounts shall bear intem�from the E�;;z:.__
<br /> • ` date of disbursement at the Note rate und �hall be payable. with interest. upon notice from Lender to Borrower r.equesUng `:-�,�=_
<br /> _ . payment. ...-�,�T=
<br /> :.� �•..' � : 8.Aturt�ge Instuaace. Ii Lettde�required mortgage insurance as a condition of making the loan secured by this Security "� :''ti�,:�'
<br /> _ '.� ��: � ° Instrument. Borrower shall pay the premiums requirod to maintain the mortgage insutance in effect. If, for any reason.the � :-'.�•'
<br /> ': S�,►i;°�.:�-.
<br /> -_ . . ., mortgage insurance caverage required by Lender tapses or ceases to be in effect.Borroa•er shall pay the premiums sequired to r,`,;r�t ;,;_
<br /> - . � . • abtain mverage su�stanualty equivatent to the mortgage insurance previously in effect.at a cost substantially equEvatent to the •',�;'� :
<br /> :��".�: • � � cast to Borro�cer of tAe mongage insurance previausly in effect, fram an altemate mortgage insumr approved by l.ender. if • � .
<br /> • � � substantially equivatent mangage insurance coverage is not avaitabie.Barrawer shall pay to Lender each month a sum equal to �
<br /> • � . � ane-hvelfth of the yearly mortgaoe insuruncc premium being paid by Borrower when the insurance coverage lapsed nr ceased to • . "
<br /> , _�•. . � , be in effect.L.ender will accept,use und tetain these payments sts a toss reserve in lieu of mortgage insurance. Loss Teserve ,;,�i
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<br /> , • Form 3028 9i90 ' r,
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