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<br /> ��1:.-�. �._ '92-- 1 �1(1 fi�i F'i
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<br /> -r s, }��� p�p�y lprurat�ce. Botrower sl�ll koep the improvcment� now existing an c�r�wRcr era�t�od on the
<br /> �� Property insurcd�ain�t loss by firc, harru+ds includad within �hc tcrm"estended cavcrage" ard any other twz�t�. includin�
<br /> '� floods or tloodin�, fw which Lendcr rcquirca inwnncc.Thir incurancc shnll bc maintained in the amiwnu an1 for�the pe�iods
<br /> ��� _ :: that I.,e�r requircs.The insur�nce carrier providing the insuran��c xhall be chosen by Borrowcr subject�a Lend�at's appmvAl
<br /> t��,<" ' +�`,'�.�`,•'" which �hall not be unreasonably withheW. If Borrowcr fails tu muintain cuverage described above. Lcud�r moy�at Leider's --.--
<br /> ;.5: �-
<br /> =�w•-- .' - optbn.obwin rnverage to pratecK Lender's rights in the Property in acconluncc with paragrAph 7. --�-
<br /> �,-:_.,m. ... �, -
<br /> �;rr��•j��`""'�°,�,'�w1�:: All it�.wearce policies and renew�ls shall be aceeptable to Lender and shall include a standard modgage c1�u�,e. Lender �_
<br /> �""" -- N�"'�`��' slwil iwvc thc right to hold the polic�es and renewBls. !f Lender rcquircs,&.rn�wer whall pmmptly give t�I.ende�r all reoeipa af ��—_
<br /> �,-
<br /> `�:�� -������^�' paid premiums and renewal notices.In the event uf loss,Bormwcr giwll give prompt notice to the insutance rertier and Leader. _ �
<br /> 4 . ;.. � (,e n d et may m�i c e p r a o f o f l o s s i f n o t m a d c p r o m p d y b v B a r r o w e r. _=_
<br /> ' � ' K �' ..,A Unless l.e i d er a n d B or�ower at h erwise agree in w r i ting, i�i s u r u n c e p m c e e d s s h a l l be a p p l i e d t o re s t o r a t i o p o�r e p a i r o f�h e -`
<br /> ` -� 1��6Y�� ed. if the restoration or air is economicall feasi�le and Lender's securit �g not lesserted.!f the restarntion or
<br /> -- P r o p e r t Y d a m a 8 reP Y Y • �:a.v
<br /> ;t,��, _� ,t'��'~^I' rc�ir is not ecoaomically feasible or L.ender's security would be lessened. the insurance prciceeds shall be aeplied to the sums � .�.-�;
<br /> '_��, � -:e.. °�' , socu�ed by this Security Instrurt�ent, whether or not then due, with s�ny excess paid to Borrower. If BamnHer abandons the �'°'�`�'�--
<br /> X�,; . Property. or daes not answer within 30 days a notice from Lender that the insurance carricr has affered ta seqle a claim,then � - �
<br /> �' L.ender may collect the insurance proceeds. Lender may use the procaeds to repair or restorr thc Pr.�+1y or tu pa7 auuu� o•. _
<br />--���.-�- .,,
<br /> - ° ����%� �ecu r e d by t his S e curity [n s trumen t,w h e t h e r o r n o t t h e n d u e. T h e 3 0-d a y p e ri o d w i l l b e g i n w h e n t h e n a i c�e i s g i v e n. �'`-��`
<br /> ' -='1e-- Unless L.ender and Borrower otherwise agree in writing, any upp lication o f proc e e ds to princi p a l �h a l l no[ rx«�x l ur •�-
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<br /> - ° � postpone the due datc of the monthly payments referred to in paragraphs 1 and 2 or change the amount c�f Ihe paymen�v. �i' �_...�
<br /> _; ,�,"Y:;:..�. • ,4,^ Pa�B� PenY 9 Y B Y � P� P g --_--
<br /> , �,.,� under 21 the Pro is ac uired b Lender,Bortower's r� ht to an msurance licies and r�xeed�resultin f�om �;:..�_
<br /> `� � - `- °�� u damage to the Propecty prior to[he acquisition shalt pass tu lxnJer w the extent of the sums secured by this Security InaruRtent� �;'?�?_
<br /> 1` ' ' . �
<br /> immedietely prior to the acquisition. �
<br />,-- ". 6.Occupnocy,Preservs�tiop.Ms�9�ntenance aeid Protection of Ihe Property;Rorrower's l.oan AppUa+Uaai l,easehotds. �i°`
<br />-_ ° Borrower shall accupy, establish,aad use the Property as Borrower's principal residcncc within sizry days after the execution af ��n��'�.
<br /> ��-• --
<br />- , �• this Secarity Instryrnes�t and shall rnntinue to occupy the Property as BaRaw•er's principul residence for at least one year a8er
<br /> � .,. ", the date o!'o�Y�ncy, unless I.endcr atherwise agrces in writing, which mnsent shall na be unreasonubly withheld. or unless � .:"'
<br />- .' extenuatiqg cimum.qance° exist wbich are beyond BoROwer's contrul. Borrower shull not destroy, dunage or impair the �_
<br /> . '�".� Propec�•, al{ow the Property to deteriorate, or commit wasW on thc Propeny. BoROwer shall be in dc3ault if any forf�iture -��`-n�:'-'
<br />.;� ' . ° actton oc ptna�eding,whether civil or criminal,is be�un that in l.ender's good faith judgment could re�,ult in farfeiture of the ���.�-��--
<br /> Property or other�ise maierially impair the lien created by�his Security Instrument ur L.ender's security intorest. 8orsower muy �---
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<br /> o • cure such a def�ult aod rein��te,as provided in patagraph I8, by causing the action ar procceding to be Ji�roirsed with a ruling ��` �
<br /> ;,.,�.
<br /> _ - .- -. �tiwi, IA IXptICI y �.�i faith uetermioation. prccludes forfciturc of ihc 9orrower's intxr�:s in the Prc�sl� or ather mater�e! __
<br /> . � impairn�ent of the lien crcated by this Security Instrumcnt or I.enJer's xcurity interest Borrower shtJl also bc in default if �-_;__
<br /> . . ' � Borcawer,during the loan application ptocess,gave materially false or inuccurate infomw�ion or statemrrnts to Lender(or fail¢d . �_ .-
<br /> ._... to provide Lender W7th any material information) in connection with the loan eviJencrd by the Note,includiog,but not limiteci �--"=`-
<br />_ �'�,�;.�.=; to,representations conceming Borrower's occupancy of the Property a�a prinripal residence.If this Sec:urity Instniment is on a .�r.,�
<br /> leasehold, Borrower shall comply with :�II the provisions of the Icase. If Bonower acquires fee title to the Property, the �-
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<br /> N „ lease ho l d and thc fee title shall not mc r ge unless Lcnder a grecs to thc mcrgcr in writing. _�,
<br /> ` 7.Proteclioa of l.ender's Rights In the Property.If Borrower fails to perf'orm the rnvenants arrl a�recments contained in �,�, ,
<br /> � . ' „ this Securiry Instrwntnt,or therc is a Iegal pruceeding that may significnntly uffect Lender's rights in the Propeny (such ag a �..��
<br /> . proceedfng in bankruptcy,probate, for cundemnation ar forFeiwre or to enforce laws or rcgulations), then Lender may do und �--
<br />'�;�;�•c•.�'.� - ° pay for whatever is necessary to protect the value of the Property und Lender's rights in the Propeqy. Lender's actions nmy �'��'''
<br />:'.+��•�''•,�- . �� include paying any sums secured by a lien which hati priority uver this S��:urity Instrument, a�+pe+uing in coun, paying �
<br /> ' reasonable attorneys'fecs and entering on the PropeRy lo mukc rcprin. Although Lender mny takc action umier this paragmph ,:-.,
<br /> � �::��
<br /> •f' 7,L.ender does not havc to do so. �`'?�--
<br />_ ," d�''"'�"°'� Any amounts disbursed b}• Lender undcr this p•rrygraph 7 sh•rll bccomc udditionul deMt i�l' Bc�rrov►•er r��cured by this �47�`
<br /> " • Securiry Instrument.Unlcss Bormwcr and Lendrr ogrce to�ithcr trrnn of payment,the+c:umiunts shall brar intcrest from Ihc
<br /> ' , date oP disbursement at the Note rate and shull he payublc, with intenwt, upon nutice fram L.emkr to Borrower requesting �...__-._.�
<br /> • �_�,r-�.
<br /> �Yment. •'�
<br /> � , 8,M e Ingurance.lf Lcnder rc uired mon •r c insuruncc as u conJiti�m ot�rtwkin thc I�n sccured b this Sccurit ���=-'�''
<br /> . •. �8� 4 B 8 B Y Y ....�"---
<br />_ ' ", Instrument, Bortower shall pay the premiums rrquir��i to maintain the mortgage in,ur�nce in effect. (f, for any reason, thc
<br /> ' • . •• martgage insumnce coveragc rcquired by I.cndcr laptics or cca,es to t+e in effcrt, Burruwcr shall p:�y the prcmiums required tu ,••��
<br />. ' obtain cnverage substantinlly cquivalent to the mortgagc insurvncr prcvinu�ly in cff��t,�U u cust substantiully eyuivalent to thc
<br />� • rost ta 8orrawer of the mortgage insurunce previuusly in cfi'crt, from an altcrnotc mon�,:�gc in,urer •rppmved by I.endcr. lf '
<br /> � • substantially equivrlent mortgaFc insurancc covcragc i,nut availaBlc. B�►rruwcr,hall p;�y�to l.rnJcr carh month u sum cquul to � :'�
<br /> '� one-twe!fth of the ycarly mongagc imurance premium being p•riJ hy &►rrow�r when thc insuruncc covcrugc lupr�ed or ccased ta �
<br /> � be in cffect. L.ender will accr.{x, use and retdin thesc paynxnt�us u lusx reu;rvc in licu ot' mortgage insuruncc. Loss rcscrvc y.
<br /> o Form 3028 9180 �
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