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<br /> �.<>`:': _wj�.�� 5. Btvaid ot PN�erty �uoe. Bonower s1�1� � � •�ded ave�a8e° and aaY athes hatea+d3.indudmg `a`•, .
<br /> ` � pt,c�erty inso�red a�aipst loss by fi�e.ha�rds includ�within tbe te�m Y�
<br /> �<:l`•z"< ,'� c itbo�or tiaodiag.for wLich Leader requues ia�.T d i s ia�uance s h a ll 6 e m a i�i a e d in the ammmts aud for the pertods �. :
<br /> i c`,c`Y_ n4:
<br /> the insutance shaR be d�osea bS►Bomawer subject ta I�cadec's a�m�al. � `'u•
<br /> `4 � � �8�� [l������tVi�.�Bd�[OWCf�S W mainTain sOYCCd$6 dCSl31I�2d�7UY2. �Cl Itiffi�►, 8i�dCI�S �a., a�{.
<br /> .`{' •�- Y B�O lOtOCt T.CII�$Ct 15 til i�iC PLO��I18000I�ICC Wlt�l 7• <:�—�'�
<br /> - . .. option.obtai�►za etag p � �� mort e cl�se. Lender � `�
<br /> �� - ql�imtirranoe licies aad�aewats shall6a aco�eptabte to L�der aad shalf include a st�idsrd Sa8 ��� �.°_,.;q.,_.
<br /> '-'••:. � st
<br /> t ;; �� ve to I.ender of
<br /> -1:,s � sl�aall have t�e right to hpld the policies aad r�vals.If LEader recNires.Borrowc�sbati promptlY 8t s
<br /> ll
<br /> E ``�� pa{d pr�uums aad�eneas+l.notices.Iu tbe event of losg.Bmmwer shalI give prompt aoiice tu the�suca�e cerrier aad I.ender.
<br /> • '-:--- ir•.nder may matce D�t of Loss if�t made p�puY bY Bomnwer.
<br />-i �. otLernise lA wrttug •'• •-°.���^►�.+o�ir+n nr set+a'ss�f tEsr- �� ��
<br /> UtlICS.4 Lwidei aAd Boriow2t ag�ee ,msmancc p�o�ua�•w°ri""^'
<br /> y���4 �tc� �F�Y�ed.if the�siocatio+�or iepair is eoonomicaIty feasi'bte and I.eader's seauiry is not lesseaed.If the�aeswration os �..`'�
<br /> �y:�..' .•< < �ied to the sum.g .�. _"
<br />�;:�>"� �=°::..°`,, i s aot eo�t�mi r�l ly feas�"6te or Leader's sec�ttity woald he lesseued,t6c instuance P��be� _� :,_
<br />- .-'�t��``�`t�'"� �iyy t6is Seattiry Iusuument whether or aot then dne.with any excess paid to Boirawer. If Borrower abandaa4 the �z� �.:
<br /> . .
<br /> �,.g's;Y�y :::''�_,e ��`';s,:
<br /> ,t Property.or does not answeJ within 30 dayS a noteoe from I�a�thad the insivanoe carrier 1�offeded to s�te�Taim,� ;� .
<br /> <�'� . .•' Leader ma wllea the insurana pmoeeds- Lender maY use the proc�ds m cepair ur restoie the Praperty PaS+
<br /> ' �--" �* 5�. y od aviU beg'�a wh�the notice is giveu. �`��.�
<br /> �— �wed by mis Secvrity In�t,whe.ther or not then dne.Th�3Q�daY�eeri
<br /> .�", `�'•:`.;:%�-��:� ' ITnte�s Leader and Bomawer otherwise�e in cvriting, anY a�Plic�im►of pr000eds m principai slraU uot e�nd� , ,;;.
<br /> ,.,, . - ts nefened so ia bs 1 aad 2�or chaage the amou�af the paymetns. If - ;4
<br /> '��;:``�"-l�``.` postpoae the dae date of the aiorabty paymea �P ';:
<br /> �s..<� `���'::,.�r' undet p a r a g�a ph 21 the PtopeRy is acqirired by Lendes.Borrawer's right to any inso�oe policies aad proceeds resalting ftom v
<br /> F iII �a '�'
<br /> � ` .� ' r?>; damage to ihe Pc�opettY Pnor to the aa�nisition s6all pass w Leander to the extart of!h�sams secaied'by this Seauity Iosbitmetit �, .
<br /> n ..t,,,,<<<�' � -
<br /> _ ` - '� '�y p�mPreserv��ce and Ptiotection of the Froy��onvwer's Iaau Appllsatt4n+L�� . a.
<br /> �'' `'k�. �`'n` Bariow�stiall�! establish,and ose the�openY as Borrowes's principal c+esideuce wit8ia sixty daYs aRer the exea�ion of _ .
<br /> -�`, _ :� • t o the e rt y�s Borrawer's principal residence ior at l�t one year.efter ��,�;:�:
<br /> z� �s.� this S�rity itr�trament and shai�ca�nue ooc�Y �
<br /> 4 Lls Y _ ' � �':
<br /> ; - .�..:,,; the date of ooa�cy.uatesg l.endes osherwi�e egrees ia wrRinB,abich conseat sst�all not 6e aiaeasonably withhetd.os untess r
<br /> '.-.-,..� � exte�oatis��ces w�ist which are beyoad Bonower's oonuol. Boaawer shall aot destraY. da�nage or�imgait the � =
<br /> �,��` r . p�operty. al low t l�e P r o p e n y w M.teriorate.or oo�mt waste on the ProPeitY. Bosrower shalt be in d�'aolt if any forteidue ,�,,,�i 1;
<br /> • �° : • .-,:.:v
<br /> - - `=-a�:,;: actton or prooeacting,whether civil or cdnninal;Ls beguo that in I.eader's gaod faitb judgment oonld cesa3t in forfeiture of Uie ,���:.
<br /> , .; � .:.. ProAeRY or otherwlse Aa�a11Y�atr the tIen cceated by this Securit9�or Lender's aaauity int�st.Barrawgr ma3► � :;
<br /> �;,:,,:s�;;=�,._;,�.,,_`_�._,: cure s¢c�e a defauit.��d relnstate.as pravIded�pa�ragrdpb I8.by caasing ttie act�on or piuceeding w be dlsmissed wlih a raiitt8
<br /> ' - ``' tbat. in Lender's 8�d faith detetmiaation, Precludes fo r feitwe o f t t ie 8 o r r o w e r's i n t e c�s t i n t h e P r�p e r t y o r o t i�e r m a t e r i a l -F.
<br /> � , _ �painnent of the lien creased by this Seciuity Instirument ar Leuder's secauity imerest. B4sr4aver shail also 6e in default if �' ^;
<br /> '' the loaa lIc�tion . ve materlaily false or inaoairate informatioa or sta�aeru.g w Lender(os failed �'
<br /> :.: :;�. $orruwes.dariag aPP P�� � .. ���==
<br /> y: to psovide I,eoder with arry materia!info�mation)in connection with the toan evidenced by t�e Nate,irulading,bnt tmt timiLed =
<br /> --t� .�°< -
<br /> - - - -_ :.,.<.__: w.rcpre�ntat�ons oonceming Bormwer's accupamcy of the Property as a piiucipa�l residence.If tius 5eauity tastrumeat is oa a � _
<br /> - �`''>-;:,� . 'leacehotd, Borrower shaU comply adth all the pnnvisians of tHe lease: If Bo:rower Aa�fee title w the Pmpeaty. We � �
<br /> � `.-��;':;,'�;:�:`, leasehol¢and the fes tit}$sha11 not mecge unles4 Lender ag�s to the merger in writing. � �' �
<br /> wntained iu �`-
<br /> _ • :'._�:::`�s 7.Fr�ut�toa oY Le�d�'s Rights dn We Feoperty.If Bormwer fails to perfotm the coveoauts aad a� .,.,.:.�_
<br /> �:. that may sigRificandy affect Lender's righsa in the Property(suct►ag a =-
<br /> .. . :�:�-:. tfis Sernrity Insuumem.or there is a te8�P�8 -
<br /> :;'. ;::.' P�g�a 6ankruPtcy.Probate.for wndemnation or forfeita�e or w enfoxoF laws or reguladonsj,the�►l�er may do and ---
<br /> ,�,�:�,.�'�'�'. :�:-..�yti;i
<br /> � ..,.:,::� pay for whatever is aeoessatY to Pmtect the value of the Pt�nperty and I.ender's rigMs in the Pruperty.Lender.'s acdons may � --
<br /> _`'�;`;,',:�,,.�° ':�;� , inctade payic►g anl► sums secured bY a lieo arhich has priority aver this Seauity Imdnime.nt. � ia oourt. P�8 � --.
<br /> ..;�' ` °`•' � reasonable atwi�segs't'aes and entering on the�roOertY to make r�pairs.Althougb Leader ma�take acttoa undet this pat�agraph
<br /> ��;`��-`�`: 7.�der does not hav�to do so. .
<br /> I�::'::`i.�:��i•`. My amoants disbu�sed by LeaQer ander this paragraph 7 shalt became additional debt of�ornswer se�vred by.this `--
<br /> `L;?�,•. ��:.;,, . . 5er�rity Instrament:Untess Horrower�d Lender ag�e to other trrmg of paymen�these amuur�s sha11 b�r interest from ttte
<br /> ' ' '��+<
<br /> �,��:.._::;�=,4�:;�,,. � ---
<br /> .4,:,';:'.:1�. : s date af Qisbursement at tite Note eate and shel{ 6e yrhde.wtui intersst,upan not�ce from l,�nder ta Borrower t+ecPteating
<br /> -,'�`'��';.�;::'�,.`,' Qa�t1+Iortgage�c�e:If Lc,nder requir0d mortgage in.sivance as a oonditian of,mafcinS the loan secvrod by,this S�rit�+ _---
<br /> `�"'=�.:':;:'�.:::;��Y� � Itlsunment,Barmwer shatl PaY the P�*equi�to maintaia the mortgage insurance in effect.ff.for any reasun. the =
<br /> ... .'�: oioitgage ia�uamce covexage reqatred bp Lender fapses ar ceases to 6e in effc�t.Bonower s6all pay thc premiu�ms=aNire�w -
<br /> � ��.,' .
<br /> . . obta�n eovetage snbsta�itiaUy equivatent to the mortEa�e iaswmitce previousty in effect,at a cast sabstsntiaUy equivatetn to t�e =
<br /> ta n jnsurer tuved by LenQer, if
<br /> �`? ``' �� . cast to�Bortower o�the mortgage insu�previausty in effe,ct; from an sitematc mostgaLBe apA ---
<br /> � re�:--
<br /> ` �: ;;:�;��,;:.:::�" � substantially eqnivateut mortgage insutance cov�age is noe av�table.Borrawer shatl pay ta l.eader eacb month a sum equal to , �_
<br /> ` �`.�': :°_:.,:.t. ono-rivei�b of the yea�3y�ortpge iasurance Qiemiam being Qaid by Bosro�r when tho insur�noe coverage Iapsed or ceased to --
<br /> . :��.: be in effect,3.cnder will aece,�st,nse and�isin these paymenrs as a loss reserve in lieu of mortgage insa�ce. Loss rese=ve . --
<br /> ;;� tf:i� � . . Form8048 9/80. �
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