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<br /> � S. Haaard or Hv►�����ty luwr�nce. &�rr��wer �h:ill le:p ttk in�►r���cnxntv ix►w ezi�ting �+r Iwrufler erccte�l an ihi
<br /> Pn�perty i�uurcc! againct to�� b�• firc, h;wrd� inclu:iwi within el�t�rni `rxtendwcxi ruvcr,ye'utxl w►}• �utkr t�a�,�rJ.r•. in►luJin�:
<br /> � Il�Hxi� ��r f��rrlin�, fur uhKh lArxier-•:quire.ii�.wr��x�r. 1'hi�inwi•ask��fu!{ tk�iuinta�k�)ii� tl�:uikw�u�wi.l far tha peri�:
<br />.� that I.�sndrr requircs. 1'h: inwraikc carricr pru�i,;i��g�tk iu�w•.uke .lull be clK�kn by fiurn�NCr.ub��tit tu L.riutrr'.urpru�•aI
<br />_ ��hich �U �xu b�; unr�wiit;tbly withl:clJ. If Borrowcr f•rils t�� n►�i�uain �v�ver�r Jc.rrih�t!utxnr. l.r�xler n�y, at lA�xkr'�
<br /> aptiu��. ��htain rnvcr•rge cu pnxc�t L.rixtcr's rights in thc Pmpert�•in;�;�onlarkr w•ith para�;r;y�l�7.
<br /> All in.ur,uue pol�ciea :end re�kw•als shall t+e ;►cce�C�ble ta l.ender and r:1u11 i��lud�il �1i41kJ8hJ IINI�'1((il�!l' l'JJU�L'. l.c�xl�r
<br />_ shall haee tiw right ta hnld th�pc�licies an,1 rc�kual.. ((I.,cnJer r�qui�-��,&�rruw�er�{�ali pmntp�ly gi��e to L.e�xler ull ��i��ts��f
<br />- p:tid pr�miums and renc�•al n.ui�.�. In ti�e�a•ent oP tuwc.Burruw•cr shall���e prt�nipt rx►tir,lo thc ir�tiur,u�►�c�au'riCr iuxl IxiKler.
<br />- �-ender may mahr proof of I��ac if n.0 mrde pramntty by I3urruwer.
<br />' Unlesc Lencier a�x! Hormw•er athenvise ugr�in uriting, inwrark;prck�ect:sha11 t►e upplioxl w re�t��r.ition or rc�air aF th�:
<br /> Property damageel,if the restur�iiin�u repair is emrwmuc:tilly fi�:LCibtc ancl l.eruler's security is iwt lessenal. If�he restaration��r
<br />� r.pair i�not ecununii�ully feasible ar LendePs security w•ould bc le�sc:ir.ci,the in.wratke pnx�ocds�hal) he:tppli�l to Ihe sum� -
<br />� secured by this Security Instrun�nt, whetlur or nat t1�en Jue, u•ith uny exeess �uid ta Bc�rrow�cr. If Eic�rmw�er ub:u�dons thc
<br />! Property,or docs nat aiuwcr within 30 duys a nolice from I.endcr thut the in.wra�u:e uurier h:u offemd tu settle a daim, then
<br />" Lcnder may collcct �hc in.wrance proceedc. I.eruler nuy usc thc pr.xoecis to repair or re�tore �he Prapeny or to p•ry sumti
<br /> sc�uret!by this S�•curity lnstrsm�nt, u•h�th,.r or not ihcu Jue.7'he 30-�iay�x:riucl will bcgin when the ruuice is giv�n. -
<br />_ Unle.cc Lender arui Borrower othenvise agree in writing, anv application of prcxeeds tu principal �hall rwu exte�ui ar
<br /> prs:poi�e the ci::e date of t6e maithly payments referceci w in par.�rlphs 1 :u�l 2 vr change tl�e u�iwunt of the payments. If
<br /> under par,�s:,}�1�21 the ProQ>aty�is acquirod by Lender,Borrowei s right to any inwt�nee pc►licies a�d procceds resulting fran
<br /> dan�age to th.�r�rty Qriw co tEse acquisition siuill pass to Lendar to th�extent of the wms secural by this Securiry Instrwnent
<br /> imn�ediately prior to the acqur.;;idon.
<br /> G. QauP�ncY,Presen�3ion,Maiate�w�e and FrotecUon af the Property;��rroK•er's I.oso Applicatloa;Leaseholdc.
<br /> 6�irrower�hrel occupy, establish,and use the Property as Banower's principal residence within sixry days after the execution of '"
<br /> this Security jnstrumeni and sF�all continue to occupy the Property as Borrower's principal residence far at leact one year after
<br /> the date of occupancy,unless l.ender otherwise agrees in writing.which censent shall not be unrcasanably withi,eid, or unless
<br /> e.c:nuating eircumetances eaist which are beyond Borvwer's control. Borrower shall not deuroy. dan�e ��; impair the
<br /> iP,n:�;�erty, alluw the Propert;r Lo deteriorate, or commiY w3ste on the Property. F3orrower shall be in defattlt if ar,c forfeiturz
<br /> a�tiun or Qrc�ceeding, whether civil or criminal, is begun that in Letulei s good faith judgment ccwld result in tre£�i�.:m of t�e
<br /> Property or�t��e�wise materialiy impair the lien createcl by this Secui:<<nstrument or Lender's si,r,city interest. &�mower m��•
<br /> � cure such a�`�;t and reinstate,�provided in paragraph 18,by cau�ir�the action or proceedin�t.�be dismissa�i with�n:Ii�
<br /> . that, in Lea�iei s good faith determination, precludes fi,�rfeiture of the Bottower's interest ir, the Propetty tar cxher materisl
<br /> �m�irmeat ��f the lien crr.�:�.�by this Security Instrsnxnt or Lender's security iruan°st, Borrawer shal! aIsa b�in default if
<br /> ' �arIIV�'�r.dscicrL the loan a�.^�.^:ication praxss,gave muterially false va iaa�:curaie inf�+m�ation or wt�;izenu t��G�,�r(or f',u:�
<br />`� t��,►r.+tiz3e Il,�;r.,L:r with any material infurntation)in cotuiection with cCx loan evidenced by the K�t;, lI1CIU(IIOa, L+ut not limi;a�
<br /> �`.�Presentat.�ns rnnoeming Borrower's occnpancy of the Property ac a principal residenoe,If this Security Instrnment is on a
<br /> '� tessehold, Borrower sttall comply with al1 the provi.voa�s of the lease. If Botrow�ec acquires fa tide ta tE,. Property. the
<br /> Ieasehold and the fce title shall not mergc unless L,ender�rees to thc mcrger in wri��.
<br /> 7.Prntalloo ot I.eadeir's Rig6ts iu the Property.If Borrower fails to perfomi t�e rnvenaziis and agreements oontainod in
<br /> this Security Instrumetu, or there is a leltal procealina that mav sienifi�nrly affrn �.�.�•��'��;h�n=.�f;�;3=��y� ,
<br /> - Pmceading in banlcruptcy.pmbatc. for cottdcmt�tian or forfeiture or w enforce iaws or regsi�et'+s). then I.enAer may do a.�ci
<br /> pay for whatever is neeessary to protect the value of the Property and Lender's rights ia ti�e Property. i.ender's xtionc maf
<br /> , include paying any sums � by a lien which has priority over this Security Ir.ssnament, appearing in eourt, paying
<br /> .. reasonable aitorneys'fzes an,f entering on the Property to make nepairs.Although I.ender may take action under this parigraph —
<br /> ' 7.I.endtr does not h�ve to do so.
<br /> My amounts disbursed by I.ender under this paragraph 7 shall become �dd;ciona! debt of Borrower secured by this
<br /> . Security Instrutner.t.Unless Barrower and Lendu�gree to other temLS of payment.these arnounts sf�ll bear interest fintn the
<br /> date of disbutsement at the:�.xe rste and stszll be pa��a�le. with interest. upon noiice from Le.nder to Bor�a�r requesting
<br /> r {z:y¢xni.
<br /> : 8• ZNott�gt Inuu�stnce.If l.ender requitod mortg�ge inwrarke as a condition of making the Inazt t.ecurod by this Security
<br />"; Instrument• 6a►:vW+u sha11 Pay the preeziYr:ss required to maintain the mongage insnranoe in efferi. If, for any reason. the
<br /> mon8a8e insunnce oo�•erage required by Lender lapses or ceases to be in effect.Bomower si�all �y the premiums required to
<br /> obtain coverage subst�ntially equivalent to the mortgage incurar�ce previously in effect,at a cost substantially equiv�lent to the
<br /> ; cost to Borrower of the mottgage insurance previously in effect, from an altemate mortgage insuter approved by Lender. If m-
<br /> substantially equivalent mortgage insurr�r�e ooverage is not availahle. Borrower shall pay to I.ender each month a sum equal t•ra
<br /> ono-twelfth of the yeuly mortgage ins:ir-,w�ptemiiun being paid by Sorrower whet�the insur.u�ct cv��erage lapsed or cessed to
<br /> • be in effect.I,ender will accept,use and rNtain these payments as a loss mserve in lieu of mort��e insnr3nce. Loss reserve
<br /> Eoaa�3028 9J80
<br /> . Papr 3 ot 6
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