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<br /> 'l190�.� .�"1'� ' ' " . `�`� •�.0 ' . � � . --- --
<br /> 9=�:�� 'g, �aa�ard ar�op�ty Insan�ao� Borravrer siiall k�p the iatproveetents nowr.ex,isting or hereafter et�cted om the . �-_ _
<br /> __�-.,:;_��.�
<br /> _--=�_'��;'.�„ Ptngerty ias�uc�agaittst to.ss by fire, ha�rds inciuded cvithia the teim 'extende�coverage"aad an}r aihe�h�rds. i¢c2udin� ��
<br /> 7���e �oQds os tI�oding,for which Ler+der�air�s in�ranee.'Fhis insurance s5all 6c mxintained'm t�e a�opnts and forthe perii�ods ----
<br />__� __^--�`� tt�t I��sider rgquires.'The'insuranoe'carrier providirtg the i�sutauoc shaii be Chos�n by Borru;ver subject to E.enc�r's�gpmvat __
<br /> sm.� cv�st�shal! aot be unreasonabty withheld. If Bomovk'e[fails to�nth�n cover3ge desctilied ubove.Lender anay:ut I�eadsr's
<br /> _�.�'-a .. c�p2ion.obrain wveEage to protect Lendes's ri;6ts ia the prapert},+in sccordaace witb�tar�gap8 T. . � .
<br /> '-=_�::;�;�=�,'':-` . Ali ins�u�s�polici�and tenewals sha11 be asc��,table to Le�ader and shalt insIud�a st�ndard�uortgao°ec�euse.Iender . ---
<br /> - �-i� ,:�=_.-< � shall ha�re ttte right to hold the policies and renews�ts.If L,cadet requires.Barrower shal!pmerpdy give to I�ud�e[all r�ceipts�f -
<br /> ...�.-�_�.
<br /> ` "r" �� , paid premiums and rene�val antices.in ehe event of loss.Eorrawer shall give pmmpt aotic�to the�nsurance c�rier aad E�er.
<br />-- - _ ..�. I.eader raag make praaf of loss if not made FmmpilY b�+�nrrawcr. �. � • ' . . .
<br /> ` - � �.� Uniess Lender aad Borrower otherwise agree in wridng.insuranae pmc�ds shall bz apptial to restoratiaa oc��gair o�'the
<br /> ��t� •� � Pc+u�y d�maged.if the restozarioa or repair is ecoaomically feasi'ble aad Leadtr's serurity is nQi l�sseiced.If the restalatian or
<br />-=`' .����'{,-..: repai,z is not economiGZlly feasible or Lender's sec+uity�voutd 6e lessened.tke itt�tuaace piaoee,ds shatt 6e applied to t�e siun�s `
<br /> _�`- 'j.`_._;:�`� secu�`�ii�x this Secarity�n�*�� whether or aot then dae.wid�any e�ccess paid to Borroaver. If Bormwu abandous�st
<br />-�`i�='�`� Pro �pc."�"t�.or doffi not�vrer within�30 days a nouce ftom Lender that�e iusttranr�e carrier lras offered to setUe a claim,thea •
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<br />''--�.'�=,�y.�- Len�ea may collect the insurance pracesds. I:eader may use the proceeds to r�pair ar mstare th�e Property or to pay sums
<br /> -��;�=a� secvied ioy this Secarity Instrw�eat,whethee or not then dne.The 3Q-day period•w116egin wtten the na�ce is given. ,� . '
<br />=A��-:�;;,�"r!r Ua�ss Leader and Borrawer otheaaiise agre� in writing. anY aPPtiratiun of pmceeds w principa!s�al{aot exte�d or
<br /> '' �;� t ii�dae date of the.monthl� a ats refened to in 1 �td 2 or chaa
<br />��.:����,�.:: P��... Y P Y� R��A� P�the amauni af the paymeais.:If :
<br />-�,:.=w ;.: Prape�j+' acqnire�bY 8h Y P�' ' P � .
<br /> -- •�.�_.�, ander p�h 2t the �s I�nder.Borrower's ri t to an instuance haes and roc�eds r�sut' from
<br />�_�������',' . da�age to t�e Prope�ty prior to the acquflsitian shall pass to Lender to the exteht of t�ie sams secaied 6y this Secarity Insbt�nteat�
<br /> •��'='h� immediately prior to the acqaisition. � � . ,
<br /> "`��=`��c`�� 6.Oe�y�P�ESEP1TStLQD�Mai�anaec�aIId ProleCilo�e of�$e Ptnperty:BosmsQer's Lasa Appuc�iion;Le+�seholds. --
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<br /> �;�..:�;`�,•.-_- Bnrrower�all occupy. estabGsh.and nsr the Property as Borrower's principal residence arithin sixty days after Q�e ex�cation bf
<br /> ---�=�;'-,.•- . ..this S�uiry ln. ,n,,+c-ead shall.coatimie to oa�gy the Prop�ty.as Borrower's principal�sidence for at teast one year aftra .
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<br /> • ..�'":� . �, the date of occupancy, unless Lr�der otherarise agc�s sn writing,which oonsent shall nnt 8e unse�asonably wriih5eld, or tanle.ss •
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<br />`-��'�%,� - exteauating ctirrumsiaaces exist wluch are 6eyan� �rrotver's couuol. Bommer shall not destroy, d�age ar impaii th� , .
<br /> �;�::;;•'',_'�.. -_ Property.atlow the Property to deteriorate. or commit waste an ths Froperty. Borrower shall he,in defauIt�f ar►y.forfeitnre
<br /> '�s-- � - action or raceedin ,whether civil or crim9nal.is that in�►der's oad faith ud t could r+�sult in forfe:r.u�of t6e
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<br /> '•.�.;`.� ;•. Pesoperiy oi athcravise materially impair die lien c�eated by dris Secarity Instnunent or L�nder's s�urity i�ter�st.Sorrower ma}r
<br /> ��:`�."�;.�;�.. . cure such a defanit and reinstate.as provided in paragiaph I8.by causing ths action or proceeding w 6e'di�ttssed with a niling�
<br /> ": ;}.� ' . � that. in•Leade�s go� faith detetmination. Preciudes forfeituie of the Borrawer's inter�st in the Progeccy or other mater�aE
<br /> �:-.::.r�.'':'.::. .impairment of fhe lien c�eated by this Seairity InstrUment or Lender's securlty interest. �,rmwer shall also be in default if. •
<br />_.' -` �-`,��'�:r ;'' Borrower,dwiag the toazs appliratioa.Frocess,gave materially faLse nr inaceutate informatia�iac nafem�ts to Lender(or failed
<br />--G��'�;;�,���"„ to provide Lender�ith any materia!f�i"�rn�aiion)in connection v.:�i the loan evidenced by tli�::Note,inziuding.6ut not limited
<br /> .''.i:�h.:.,- . - to.representatioas coacenvng Borroweijs occupancy of the Property es:ia:�tin�i�ttf tesideace:If this 5ecur�ty Instnimem is on a --
<br /> r�,�''�`"•'"r `. leasehotd, Bortower shaSl camply writh aU tha�z�ions of the lease:�f Sorrower acquires fee dtle to the PmpedX. the -
<br />`_'`r%���--�� `� leasehold and the fee title shall not merge uNess�r�er agrees to the merger in wridng. � ' _
<br /> :�:ry���`'�'.' `� . 7.Proiedion pi I.ender's Itlghis in the Property.If Borrower fa�'is to perform the covenants and agre�me�ts oontai:ed in � ��
<br /> y.'�`_-"�_;���� this Se�vrity Insvument.or there is a tegal proceeding that may significandy affect Lender's rights In the Properry(such as a
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<br /> ti�''� �:'� pmceeding in banlwptcy.probate,for oondemnauon or forfeiture or to enforce laws or regulauons),then Lender may do an� '�1�
<br /> �.���..,;:� pay far whatever is necessary to proiect the vafue of the Property and Lender's.rights in the Property. L,eader's actions may �--
<br /> `'��-'T � inctude paying aay sums secured by a lien a3��� has priority over this Security lnsmimeat. appearing in caust, paying --
<br /> .�,�_�; .. , : reasonable attorneys'Fecs and enterin�an the Property to make repairs. Although Lender may take action undet this paragraph ��°
<br /> - ;_��':;� 7.Lender daes not have to do so. .
<br /> , t =�; My amouau disbursed by Lender undet tj`tns paragrapfi 7 sfna0 6ecome addirional de6t of Borrawer secured by this — _
<br /> _ `. " Security tnstrument. lTnlcss Boa�wer and Lemic-s�:�aee to other terms of paymc-�t.these amourts shalf bear interest from the '��
<br />`. ti`Y=-•. � . date of disbn�rsemem at t�e Note rate and shall Fs,��ayable, with interest. upon notioe from Le:�der to Borrower requesdng =__ —
<br /> °.:.c�.. : : ,.� ,P�� •.. ' =-_— --
<br /> � ' 8.t�tii�ge Iruurasce.If I,ender required mo�tgage insurance as a condition of making the loan secuced by this Securiry • "-
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<br />- �-:•r �`: Insttumeni. Bonower shall pay the preauums required to maintain the mortgage insurance in effect. If. fos any reason.ihe e�;;��=
<br />_•i: -'� . ' mortgage insurance coverage required by Lender lapses or ceases to 6e in effecx.Borrower shall pay the premiwns required to :r=•'r,,:::
<br /> Y''� � '... .. obtain coverage substantiaUy equivalent to the mortgage,insurance previously in effect.at a cost substantially eq�ivalent to the " ��� �� �.
<br />— ; ' cast to Borrower of the mortgage iasuranoe previonsDy in effect. from an altemate mortg�e insurer approved by LenQer. If '� �• __
<br /> r- _.; : . .� .•�::�>;, _
<br /> ''�:��.:'•��<:� :, substantially equiva2ent mortgage insz�rance rnverage is noi available.Borrower shall pay to L,ender each month a suc�equal to , _
<br />���:'���•�� �� onatwelfth of the yeariy mortgage insur.ence pmmium being paid by Borrower when the iitiucartcetieoverage lapsed or ceased to • � _.
<br /> ��.;.a 5:,±�.;,��:-a . .... .
<br /> ,,,k�°;;��,-.;,:", be in effect. Lender will accepi.use and ret�in these payments as a loss reserve in lfeu oY mortgage insutu.-�ce. Loss reserve . . � _
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<br />- ----_,� , Porm 302$ 9l90 .
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