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<br /> LLi '� � 92�1�03 99 -
<br /> —=�, ' s� �Lard a, pro�y 1�� gumower �hal� Icoep the impmvement� now existing nn c�rcaft¢r eraled on the _._.
<br /> _'��'�"'� propeRy iocu�od a�aintt Io�by flre,hazanda includod within tl►c term "extended covcrage'wul any ott�er huards,includiog __
<br /> -- - -- floodr or floodin�.far which Itnder roqu3rca fnsurance.This insuranre sha��be rrwintwinod in the s�mountc aml far the pe�iads
<br /> ---- — thtt Lender rcqufrcs. The insurance carrier pmviding the insurance siwll be chasen by Borrawer subject lo l.ender's approval
<br /> �+•h��: which �11 not be unn�onAbly wittiheld. liBormwer fails to mAintain coverage described u6ovc, l.ende�mry,at 1-endcr's
<br /> Y _ option.obtsia covera�e to prota.K Lender's�ights in the Pmperty in acconiance with paragraph 7• _.Y
<br /> ��r;�:'���: ' All insurarae policie9 and rcnewQlc sh�ll be occeptuble to l.ender and shall fnclude a stundar+d mortgageclaucc. Lender �.,�'
<br /> �hall have the rl�ht ta hold the polkies raxl�+eneaalr. If Lcnder requi�.Barrower shall prun�ptly give to L.endcr ull rcccipts of �:._:
<br /> .,a p�id pranfum� sad renew�l notices. Tn the event af lass.Bornower rholl�ive prompt notice to the insurance canier w►d Lend¢r. �4 ,
<br /> :�--{; —_� ;: � l,eoc:cr may nwke proof of loss if not rn�de promptly by Bormwar. �;,,;
<br /> - .. Un�ss Lender and Borrowor atheswise�gree in writinR,insurance proceecla eha116e upplied to rcstoration or repair af the i__
<br /> ��.J��„�„ - ptaperty d�pagad.if the restocation or repair is ernnomically feasible und L.ender'a security is nw lessened. li�he restoretion or .r�:;:,�
<br /> _—��-_,:,� rep�ir is not xonomicAlly feasibk or Lender's security wauld be lessened. the insurourco proceeds she�� b� apPlied to the sums �.�_
<br /> - =�4�;;,;�;��� " cecurod by this Secudry fostcument,whether or not then duc. with any excess p�id to Batrowe�. If Borrower abactdoas t6e a.-
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<br /> �-�,,�,—Mr,;,; „ pmperty, or docc not suwwer wlthln 30 days a notice from l.ender that the insurance camer has of fered to settle a claim, then _
<br /> f �!-�-�-•-- :•,; I,ender may coltect the insut�nca proceeds. Lender may uso the proceeds to repair or res�are the Pmpeny or �o pay sums __
<br /> ������`� �' �ecured by Uus SecuritY Instnunent, whether or not then du4.Thc 30-day period will begin wh�n the notice is given. jl
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<br /> _ .V:�i� Unless Lender wid Bornnwer otherwise ngree in w�idng. �ny up�lication oP procecJs t��principal rholl nd extend or �,,;L
<br /> '-�bL:`J�1(J,+(w�� ��i postpone the due date of the monthly payments referred to in parngraphs 1 and 2 or changc the amount oi thc payments. If �-`
<br /> '�,`T.'�;
<br /> -�-�:�;.,.:,;;.:^ under paragniph 21 the Property fs ecqulred by l.ender,Bormwer's right to any inaurance policies suid proceeds rewlting from �.
<br /> _"�� �� ''' damage tu tk prope�ty pr�or to the aa�uisition sMall pasa to l.ender to the extent of the wms secured by this Savrity Inatru��ert �._..
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<br /> r.,,�.:�,•�,f���. irm�ediately prior to 1he acyuisition. _
<br /> ,- .,'':�''�.,' 6,pocup�ocy�P�'C8lIrAllOq�Maintenance pad Protecdan of the Praperty;Burrower's I.o�n Applicatlon;l.easeholds. —=
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<br /> ,,���;:.:' 'r' ��,�;:, , go�w6�Stu1�occupy�atablish,and ure the Property as Homawar's priocipal residence within sixty days after tt�e execution of �;;
<br /> � + '��'�� "^ t h i s S e c u ri t y I n 9 t r ument and shall continue m occu p y the Prope�ty as Borrower's pr�nsipAl residence for at least ana year after ___
<br /> � � '�:ry,�;,-"�;,;�' : the date of acupancy,unkss I.ender aherwise agroes in writing. which conse�t shall not b e unreason a b ly wi�h he l d, ar un less .x,�
<br />- � � w�.:' , extenueting circums�ences exist whicli am 6eyond Borrowar's control. Borcower shall not destroy. darnage or impair the �"r
<br />. �`��, ..'`�"�" propeny� allow the Property to deteriorate.or commit waste on the Pmpe►ty. Borrower shall be in default iP any forfciture ����
<br /> ' �� ' ' action or procex�ling,whether civil or crimin�l.is begun that in l.ender's good faith judgment cauld result in farfeiture of 1he ��a;;
<br /> ,°k''"�`;` ' propeny or otherwise materially impai r the Uen created by this Security Instrument or Lender's securiry intemu. Borrower may ""
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<br /> '�if:+R.�.� � cut�e such a default and teinstete.as provided in paragraph 18,by causing the uctian or proceeding to be dismiued with a ruling =_
<br /> °�` � '�t thac. tn Lender's goad feith detertninatfon. precludes fortciture of the Horrower's IMCtCaI I�i IIk: Fi'OJY�iiy Oi 8thcr maicrl� �
<br /> � .fr�:t?'.'^'?':.'"� '�'' :,� ' impaim�ent of�he lien created by this S�xurity Instniment or [.ender's secu�ity interest. Borrawer shall also be in default if ��
<br /> '� '����' ►•' ' Horrower.during the loan application process, gave materiaU�� false or inuccurate infortnation or statements to l.enckr (or failed �_
<br /> ;�n:�
<br /> � .. to provide Lender with any material infornw�ion)in connection with the loun evidenced by the Note,including, 6ut not limited �::
<br /> • - • � to.represeniations concerning Borcow�r's occuJwncy af the Praperty;�s a principal residence.lf this Security InstNment ig on a : .
<br /> •��,��Y;�+'�, leusehold. Borrower shull comply with all the provisions of the lease. If Bormwer acquir� fe�e title to tbe Property. the y
<br /> �,.,±���,,,,3.;.•. ; . leasehold and the fee title shall not mergc unless Lcnder agrces to the merger in writing. _-:
<br /> �•=:• 7,Protecllon oP I.ender's RiqAts in the Qn►perly.if Borrowcr fails t��perform the cavenAnts und agrcements contvined in
<br /> '.,a.y . __._._
<br /> • this Socurity Instrument,or there is u Ic�al praxectiiing that may xignificandy affect Lender's rights in thr Property (such as a _
<br /> � � - procceding in bankruptcy, probate, for condemnation or forfeiture or to enforce laws or regulationsl,then Lender may do and _+
<br /> � ir,�,�'�'�'� 8'��. � pay for whatever is necessary to protect the value uf the Property and l.ender's rights in the Propedy. l.ender's actions muy
<br /> ,ys, .. �Y
<br /> � ",._"}'4 � ; � "' include paying eny sums secured by a lien which has priority over this Security Instrumant, Appearing in court, paying � _
<br /> ..`�.-� ,. �eason4ble utorneys'fecs and�ntcring on thc Property to makc nepairs.Atthough Lcndcr may take action under this parngrnph ��-
<br /> � . �31 7,Lendcr does not huve ro do so. �.
<br /> '+�� �' "'�' � - Any an�ounts disburse:d by Lender undcr this pan�graph 7 shall becomo udditional debt of Hornower secured by this —
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<br /> � � :-� " , Security Imtrument. Unless Borrowcr und Lender agree to othcr tcrms o1' payment, thcse nmounts shall bear intcrest from the
<br /> ..':i-.. ,�,r,.` .
<br /> .x�:. date af disbursement at thc No�e rate and RI►all be payabk, with interest, upun notice from Lender to BoROwer reques�ing ��:`
<br /> .. . . � _ 7y • �t5,.,:
<br /> .. ' PaYment. ��:_
<br /> � �� •� 8.Mortgoge Ingurance. If Lcixicr rcquired mortgaRe insurancc as o cundition of muking thc luun secured by this Security �t-=
<br /> -+,�� " : .•�;�,,, Instrument,Borrower shall pay the premiums required to muintpin the mort�age insurunce in effect. If, for any reASOn, the �;,,__
<br /> �' , mortgege insurance covernge rcquired by Lender lupses or ce�ses tu be in effect.&xrowcr shull pay the premiums required to �_..,
<br /> .:� �� obtain mverage subslantiully equiva�nt to �he mongage insur:�nce previc►u�ly in eff'ect,ut a c�ix��ubstantially equivYlent to the _�
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<br /> • '�,:����;,: _ `�'•� . cost to Bortower of the mongage insurance previou.rly in effect, fnm�un altcrn•rte mortgagc insurcr �pproved by l.ender. If
<br /> • °�'�'�` •' ' substnntially equivalent mortgage insurancc aiveragc is not available. &rrrow�cr shull pay tu l.cnder cach month a sum equul to
<br /> .,.,
<br /> � . ane•twelfih of the ywrly mortgagc intiurance premium being puid b}�Horrciurr when thc intiurnnce coverage Iap�eA or ceused to
<br /> � be in effi�ct.l.ender will accept,use and retain these puyments a� :�lus, r�scn•r in licu uf nwngage insurance. I.oss reserve
<br /> � ,i�;;��'� Fonn30Y8 8190
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