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<br /> ° '``` '' ,'�' ':` �:�`' � Imsarnace. Bomrier shall kceD the improvements now exisHng at,hereaft�er erected on the ' . .
<br /> -. _�.�... . .. . , �. �or Froperiy . ,�
<br /> `: p�,n�erty insurod.against toss by fire:hazarQs incfude�vrithin the term"extended oovemge°�an8 any other haaards. incindIng� � �r�;
<br /> —_ �'`����';``�`"� � Qoads or�looding, f4r�vhich i.en�er Eequires insur�oe.�'t1�ts insurance sliall6e ta�aiatt�ned itn the amaunts and for the,peRads ' `
<br /> - � ��� ��r � �that L.ender cequires.'[fie insumnx carrier pmvid3ng iGe iiu��nce shatt 6e dtas°n by Burn4we��uhjec�to t,eced�r's�pproval ',
<br /> wi�ich shall nos be unt�asonnWy witht�id. !t Eorrowee f�31s ta maintuin cQve[a�e de�crib�i nbove. i.ender mnr.at l.cr�der's . <
<br /> .�`. �option.obtc�iit coverage to prate�ct Lender's rights in tlie Property to accatdanc�e witi�pa�'uDh 7. . ,
<br /> . '` ;---f-� A!1 insuranoe.paltetes u�d rrtte��ats;simtt be ucceptubte ta l.endef und shati i�ciude a stass�ard�nostgsae c1au..�e. l�nder :
<br /> �r��.� t^' � shait have the risht to hold the poltctes artd reneNS�s.[f Lender*ecNices.�CSri+dwer stisY!pmmptly give to L�eader all receipis of N
<br /> � s. :� • . aid remiuros and recews�l rtatices.In the eveait of toss, onower st�il give ram t notice ta the insurance carrier ond E.ercdeY.
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<br /> � ,:� � — _ - - �may n[�e o oss an rom?u9`iSY Fz,
<br /> _ ' .• �'�n; :.. �;�<... Uniess t�c►der and Borrow�r oUierwise agree in wdtiag,imurasice pm�eeds si�all be app�ied to cestmatiop ar repair of the
<br /> '�°,' �� ' .property damaged.if the restoratfon or repair is�fl���Y feasibte and Lender's seadrity is not lesse�d.I[the cestoraEian or ��_=
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<br /> -.4., �.y�y:. ` cepair ts nut ec6nomicalty feasibte or,Lender's seEUriry would be dessened.tRe insuranoB procwds shall be applied t,a the sums . �.--
<br /> � �secvred 6y ihis Security instcument,'whether or not then dae.ari�h any excess paid to Sornnwer. If Borrower ahandons the ��;.
<br /> v,' .`"�.. ,;.�,-�'r, ' Property.ar daes tmt answer aithin 3Q days a rcotioe�irom[xnder that the irtsusan�c�rrier has offered t4 settle e claim, t6en' ' _
<br /> - - . ' "��`�, , i.erder m�oolleet tt�inssuaax praeee�s._i.ender may ur,e the praceeds m iepatr nr.r�re �he Property or to pay_sums.- , ``:"
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<br /> ;.<';:.<<< � ` secured by this Security[nswment,whether m not then dae.The.3Q-tiaay pertad arill beg�n ahen the notioe is givcn. . . �:
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<br /> ."r"�� .� � � � . Jnt<<s Len�-r and Earrower otherwise agree in.wriUng,.attY aPPlication of proceeds to princlpal shall nat extercif�r __
<br /> :. . .�.. . �, -
<br /> - � :� � postgane the dne date af tRe monthly payments r+efemd to in parag�apt�s 1 and 2 or qhange the amount of the paymen3s.If �_.
<br /> 3.;���. :��•': -_
<br /> ,_ .� `'�.� .'-, �• under paragraph 2t the Prope►tY is ecquir�by.Lender.Sorrawer's tfgk�t to any insuranoe poliaes an�procee�is.iesuldng from , 4
<br /> � �-=fi+��!�-�. 't�on sha11 a6s to LenQet to t6e eatertt of the sums se�tte�6y this S�urity Instrumerti . � -_
<br /> ..- ..... .: .. . dama e W th Fra e to the acqafsi , —
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<br /> ,..••;::�<.::. .- ...._ .immedia4ely prior to the acquisidon. • _
<br /> `.;``w.:;..._.;:_�'`..�, _ _dw(���pr�seraat€ons Mtztn�enaufle aa��o�c�a�cg tiae R�g°.:ty:�s�s:s�r's E�so AFgli�a3�n;I.�'--��1� . _
<br /> `,,`�.<' '� '�-� Borrawer sh�ll ocCSPY..establish.attd use the Propeity as Bonrower's priacipal restdence witi�n sixty days t�t�r W.,eacecution of
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<br /> -''--.:-.-- th�s�ecutity Insttumsnt and shal!continae to t�ccupy tiie Property as Borr�wer's priitcipal residence for at[easx ane year after
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<br /> � ,�,;,.� �{� the date of occupasccy.unless Lend?r otherwise a�in writu�g.which consent shali not be unreasbnabty withtteid,or tmle� , —
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<br /> _'":;;,: .��T- ':� eatenuating cinumstances exist�rhIcfi are 6eyond Borrower s cuntral. Borrower shall not desi(ay, damage ot impair tbe .
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<br /> ;�,v.:.:,- ,�. ' . ;., ..., ptaperty, af�oti;the pmperty w deteriorate,or commit waste on•t12e P�opeRy. Borro�er_st�ll be.in defautt if any foaFeiture
<br /> ��' '' - ';'`�r aGion or pme.eeding,whetAer,eivil or cri�al,is 6egun thaa in Lender's good faith jud$cneat oa�d�esnit in forfeiaare of the
<br /> -__ �� ; �- .:�;.�.'� property or otherwise matetially unpair the tirn created by this Seaurtry Instrnment or Lender's se,cu�ty interest.'Sorrower tnay .
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<br /> ``•': . , ' �,;h cr,�:such a defautt and reinstate.as provid�in paragraPh 18,by causing the ac4�on or.prooeeding t�m be dismissecl'with a ruling
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<br /> `��'��'`�.';��� � •YP�i¢;in Lender's good faith�miination, prerlades fozfeiture of tha Borro�er's interest iun the Property q�,�ther inateiial . .
<br /> ..r:rr::1=�"::�:. y �'r�i`r��y Uils Se�uity Inswt�:st or Lender s serurity ini�msE.�Boreotvxr shall also�in default i4
<br /> .-. ��, . is�p'airment of We lieat crea. ,.
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<br /> :r" } w�?. i Borrower.during the laan ap�:�:catian pmoess,gave materially false or inaccurate infoifnation or s�em�us to I.ender(or faiied�
<br /> � � , '�'�"''%'°�'";��� � � to provide Lender witl�any materia�iitfora�tion)in oonnection with the toan evidenced by the Note.including,but r�ot t�raited
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<br /> .#;+,�, tc4,re�tesentations cancemiu���trower s accupancy of.the Property as a principal r�.,.ence:If this Security Instrnmeiit is on a
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<br /> :;�i��t�;.i� , " i feasehold, Borcowet sh�ll a��;;� with all the provisions of the 18ase. If Borrony� aoquites fee tide to the lrcoperty,�the
<br /> �`��'�-r-" ` teasehold and the fee title s{t�cot meTge unless Lettd�r agrees to the mer$er in writi:�;•. �•
<br /> - �,,.,,,��� �.Protectton o!Lender'•s Rigbls i�the PrapeHy.If IIorrawer fails to perf�►rm the coven�+�d agreements wntained iq
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<br /> :����;� th3s 5ecurity Instnus►eat,or lhere is a legaf proceeding that may si�nifcantiy affed Lend'ec's rc��c�in the Pcopetty(such t�� •
<br /> _ _ �� proceeding in ban&�upicy.probaRe,for wndemnation or forfeiture or to enforce laws or negutuii�s).then i»eader may do aii$:`�
<br /> ' -- - - - Day for whatever �S aecessaYyl trr pratect the value af tfx��'r�opertY and L�nder's ri�in the Property. 1.esu�.c'��s;•actiops thaY ;
<br /> �'."m'�`."• F�r ust. a in '`
<br /> :.,�„���� � include paying atry sums sc�at�d 6y a lien:wD�£ch fr�,:y:priority over this Secu�i�v:llnstrument, ap�ing�. ..:t,� P Y �.
<br /> =--_- '��*:� reasonabte attomeys'fees and�ntering on the Pmperty ta make repairs.Although 4�:ider maY take action undet'4his.paragtaph.` .
<br /> ��G���-"'"`""' ?,Lender does not have to do so. '
<br /> �.��-'. Any amounts disbursed by Lender under thf�paragraph 7 shall beoome additional debt of liorrower secured by this •
<br /> ��'-= Security Instrument.Unless�arrower and Lender agrea to-other terms of payme�:�iese acuounts shall bear interest fmm the
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<br /> ---=__-_�� � date of disbursefiient at the�t�te tate and shall be Q�yable, with intemst. upa�ar�qce from Lender to B��wei.requesting
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<br /> r�•: •�• S.Mortgege It�su�nce.if Lender required mortgKlge insurance�a wndition of malctng ti`�loan secu:�By this Secu�ity
<br /> j-:'�'?'�" �y �„ � Instrumeat.Borrower shall pay the premiums requirerl to maintain¢�a mo»gage insurance i�e�ect• If. fcr any reason,the .
<br />-- - -- -- mortgage insurance coverage cequired by Lender lapses or ceases.to be in effect,Bor�ower shall pay the pr��wra�s t�c[uired to
<br /> � ,:;,��,, o6tain mvera�e substandalty eguivalent to the mortgage insurance previausly in efr�erx.at a wst substantialiyeqiiivaleut to the . ;-
<br /> sast to Borrower of the.moRgage insuranee previously in effeci, from ar+altemate mortgage inranr agproved by Lertder. If � '
<br /> substnntially equivalertt mortgage insurance covemge ia not available,Borrawer ahall pay to Lender each month e sum equal to
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<br /> ����::� ,;, one-twefft6 af the yearly mortgage insurances premium beiny p�id 6y Borrower when the insutattce covemge lapsed or ceased to
<br /> - 6�in effect.�.ender�witl uccept,use nnd retain.these payments as a loss reserve in tieu of mortgage insurance. Loss rPServe .
<br /> .'�shl' .: � . ' � Farin 3D28 B/90
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