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<br /> --_-- -�"=`�''�. S. Na.;.�l or vro�•rty h�.surance. Borrowe•r sliul{ tceep tl�e impr<wement�; nu�v exi5tins� Ur iicreaRer erected or� the `
<br /> Property insurec! against loss by fire, haisrds i�xlu�led within the tetm "cxtended cavcrAge" n�xl ony �ther ha�.ards, includi�ig
<br /> -- -=== floods or Flaodin�,finr whici� I.e��der rcquirc� i�isw�ancc. This insurance�liaU hc mi2i�taincd in tl�e ainounts nnd far thc periods 1 -
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<br /> thnt Lcnder requires. The insur�nce canier providins the insurance�hnll be ci►osen by isnrr«wer subject tu I�:uder's up�«�va�
<br /> which shall nut hs unre:►sonnbly withheld. If[iorrnwer fnils ta mnintain caverage descrilxd s�bove. Lcixler enay, c�t l.er�cier's
<br /> -;_,�,�ffi� aption.uUtain covcr�gc to protc�ct Lendcr's rights iu thc Property ii�accurda�icc with paragrnpl�7.
<br /> _ A!1 insurance palicies and renewals sh111 be ucceptable to l.ender und shuU include a standnrd �nortgagr,cluuse. Le.nder
<br /> --- ---�:� shuli huvc�hc right to hold thc policics and renewal..IP Lendcr requires,Barrower sliall pmmptty givc ta I.cixlcr nll n:ccipts of __.
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<br /> -_-__ . .-_,::..,Q� paid preniiums and rEnewal notices.In the event of loss. Bonower. shaU give pro:npt notice to the insurance cnrrier ond Lenc2er.
<br /> y �" l.endcr may mukc prs�af of loss if not made pr�mpdy by Aorrower. -
<br /> -�•-=_=='a'= Gnless i,ender:xnd Borrnwer utherwise agree in writin�, insurartce proceeds shall b�applie�-1 t�o restoration or reNair of the
<br />��'�`�'``=`-� Property damaged,if the restoration or repair is cconomic�tlly feasiblc and Lender's security is not lessened.If the restorution or _
<br />- =�,� repair is nat ccc�nomically fe�siblc or l.cnder's security would bc lcssened, dic insurancc proceccls ahall bc applicd to the susns
<br /> ---=-==- secured by this Security Instrurrzent, �vhether or r.ot then due, with uny excess paid'ta Borrower. If Barrower nbandons the
<br /> ��:;� Property,or docs not answer �+ithin 30 d:tys a natice from I.ender that the insurnnce carrier has offere,�!to settle a clnim, then
<br /> _ _����- , [.ender may callat the imw�ance prxecds. Lender may ase the pr�ceecls m rep:vr ur restorc Ihe l�roperty or to pay sums
<br /> -�'�"'��� securcd by this Sccuriry instrument,whcther or not then due.The 30-day period will b:�in when thc notice is given.
<br /> --`"l�`����� Unless L.ender and Borrower other�vise agrec: in writing, any applicntion af proceeds to principal shall not extend or
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<br /> � =;�;�r�� �._°; postponc thc due da[e oi ii�e u,uuthly payn�c:�Gs rcfcrtt;d to in pe*noraphc I and 7. or changc thc amount of thc payments. lf
<br /> `^'��'¢''"LZ���'���� under para�ernph J.l thc;�mrcrty is ucquircd by 1,ender, Horr��wer's right to any insumncc pc�licics and pr.�ceeds resultin� fram -= "
<br /> `::-..�,.� �;;��'-%L damage to the Property y�rior to the acquisition shall pass to[.cnder to the extent of the sums secured by this Securiry Instru�r:cnt
<br />:"�''"�' �'' `.�� immcdiatcly prior to thc acquisition. -
<br /> ���y���� .? ` ' 6. (kcupancy, Pr�ervution,Muintenance and Protectfon of the Property;Borrotiver's Loan Appl[cutton;Leaseliolds.
<br />"` -- •'�' .,�_....,,. tir.i, � ,-1 use�hc Pro erty as Bonower's nrinci al residencc within sixty days after the executionaf _
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<br /> - � � � ��•'��'} ii this Security Instru�nent and shnll continue to ace�py the Property as Barrower's prineipal residenee tor at teast ane year ufic� �_
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<br />`. � ���`� '�! the date of occupancy,unless Lender otherwise agcees in writing, which consent�iinll not be unreasonably withhcld, or unless �
<br /> • � exiruuaiiug ci�cu����ta���.:s cx�s: ::h`.!: �:: �';^•"-� Rq�{nw�r�c control. Borrower shall not destroy, damage or impair the __
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<br /> • �k::-�;��� Proper�j•, ullow•the Properry to dMe�iorate, ur c�mmet waste on the Propeny. BonoH�er shall bc in defnult if any i'orfeiture
<br /> �� • •�''•`,�''`-''' " action or proceeciin�,whether civil or criminul,is begun that in Lender's good faith judgment could result in forfeiture of the __._
<br /> ' t' 1'roperty or othenvise materially impuir the lien created by this Securiey Instrument or L.ender's security interest. Bonower rnay —
<br /> ' cure such a default and reinstate,as provided in paragraph 1 S,by causing the�ction or proceeding to be dismissed�vith a ruling
<br /> •� that, in Lender's ga�xl faith detennination, precludes forfeiture of the Borrowcr's intcrest in the Property or other matcrinl
<br /> . �, impairment of the lien created by this Securiry Instrument or I.ender's security interest. fiorrower shall also be iis default if
<br /> Borrowcr, during the loan upplication process,gave materially false nr inaccurate information or statements to L.ender(or failed �,
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<br /> . ,� to provide Lender with any material infonnation)in connectian with the loan evidenceci by the Nate, including.but not limited �:
<br /> • .� to,representations concerning Borrower's occupancy of the Propeny as s principal residence. If this Security Instrument is on a
<br /> � � leasehold. IIorrower ahall romply with all the provisions of the lcasc. If Borco�vcr acquires fce tide to ths Property, the
<br /> '� �� ' leaschold and the fee titic shall not merge unless Lender agrees to the merger in writing.
<br /> :�� ' 7.Proteetion of Lender's Ri�hts in the Prnperty.If Borrower fails to perform the cuvenants and agreements contAined in . ..
<br /> . this Security ;nstn�ment, ur there is a Iegal proceeding that may significantl�� affect L.ender's rights in the Property (+uch as a
<br /> �. � proceedin€in bank�vptcy, probare, for condemn�tion or fori'eiture or to enlbrcc luws or regulations), then Lender may do and
<br /> ,;� pay for whatcvcr i�necessary t<�protcrt the valuF� of the Pmperty anr': L,endcr's rights in the Property. I.cnder'� actions may
<br /> ' a includc psying any swns sccurcd by a licn which has prioriry ovcr this Security Instrumcnt, appc�;ring in cc�uR, paying
<br /> reasonablc attorncys'fccs and entcring on thc Property to makc repairs.Al!hough Lcndcr may takc action undcr this para�r�ph
<br /> " �:' 7. Lcndcr docs not have to do so.
<br /> , . Any amounts Jisbursed bJ� L�ndar undcr thi paragraph 7 shall bccome additiunal debt of' Borrowcr securcd by this
<br /> , Security In,trutncnt.Unless Borrowcr and LenJer agrcc to other tcrnis of paynrent.the+c amoaus shall bcar intcrest from Ihe
<br /> ,,,•,, datc of ditiburscmen�at thc Ncnc r.itc and ahall be payable. with intcrest, upon noticc from ixndcr to Borrowcr rcyucsting
<br /> payment.
<br /> ' 8.Mort�u�;e Insurnnce.if Lender reyuireJ ntortgagc insur.inee as a condition��t'making thc luan secured by this Security
<br /> � Instrumcnt. Burruwcr shall pay the prcmiums rcyuircd tu maintain thc mortgagc insurancc in effcct. If, tix:my rwsun. ihe
<br /> - mortgage insurance covcragr rcyuircd by LcnJcr lap�cs ur rcases tu be in effect, Barro��•cr shall pa�• the prcmium�rcquircJ tu
<br /> . obtuin c�>verag�substantially cyuiralent tu thc mortgage insur:►nce previously in effert,at a cutit substantiully cyuivalen[ to thr
<br /> cost tu Bortowcr c�f thc morigagc insurancc prcviuusly in cffcct, t�rom an altematc mort�!agc in,arcr apprrncd by Lcndcr. IC
<br /> . substantially cyuiv�ilcnt murtgagc insuruncc covcragc ia nut availablc.Bi�rrowcr shall pay tc� 1_endcr cach tnimth a sum cqual tc�
<br /> onc-twclfth of thc ycarly mortgage insurancc prcmium being paid by Borrowcr whcn thc insurancc ru��cra�,e lapscd ur rcas��J t� I
<br /> bc in cffect. Lender will acccpt,use aud retain thesc puymcnts as �i luss reservc in licu uf mortgage insurancc. L.o�s rescrvr I
<br /> Form 3028 9�90 I
<br /> Pogv a ol fi I
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