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<br /> S. �nztud or Fro�4y I�.naaae. Harrorrer shall kecp the i�pmvemeats nr�w e.�istic�.q or �hemafter erected on the �'` '
<br /> -- �----�- •.�...�:.,.. �' :
<br /> Frppexty insured�uinst toss by fire. na7asds inc�uded witnia tae cerm -exc�aea cov�sr�s"ascs any � ,w��. :,n.�..�.,D —.-
<br /> 't t2aods or flooding.fnr wiuch Le�der requires iasurance.This insuranc�shall be maint�ia�d in tEce aiYSO�:,n:s and for the periods —`-
<br /> s ' that Lender reqaises. 71ie insuranoe rarrier providing the insurance shall be chosen by Bomnive3r su'.+;,r�t ts� i.ender's approva! °'�`�'
<br /> which shall not be untearonably}vithheld. If Borrower fails to maintain coverage described at�ve, Ls.rlt�may.su T.ender's �
<br /> - opiion,o6tain wvauge to protert Lender's ri�ts in the Proptrty in accordanx with paragsap�7. �
<br /> �: All insnrance policies and renewals shull be acceputble to Lender aad shall iaclud�a sc�ard r�ortgage clause. Lender __
<br /> sl�il have the right to hotd the palicies and renewals. If Lender requires.Borrowes shall pron�f y give to[.etider all receipts of �-'`'
<br /> ��'T paid premiums and mne�val notices.In the event of loss,Borrower shall give prom�s notice to thr insorans�carrier and.s.ender. �.;i
<br /> s;.�. ;
<br /> l.cnder may make praof of loss if not made promgtly by Borrower. �--
<br /> �� Qnless Lender and Borcower othervvis�agree in writing.insurance prooeeds shall b�ap.�ti�i to c+estontion or repair of the ;Y
<br /> Property damaged,if the restorat'son or repair is eoonamicaUy feasfb2e and Lender's seoarity is n�t ic,asened.If the trstorarion or �•=='
<br /> cepair is not econouucally feasible or Leuder's secr�city wonld be lessr.ned.th�e insumnr.e proceeds shall be apglied to the sums �jy`'�:
<br /> • se�aue�by this Securiry Insuument. wh�ther or not then due, with any excess paid to Borrawer. If Sorrower abandoas the
<br /> ,�Y- Propet4y.or daes not answer witfun 30 days a no6ce from Leader that the insura�ce r.+Yrier k�s offered to seitle a claim,then ___
<br /> _ I,eader nr�.y coilect the inswaitce proceeds. I.ender may use the proceecis to c�ir or restare th�Property or to pay sums —
<br /> secuned I�y ti�.is Securiry Insnwnent,whether or not th�n due.The 30-day perieA arill brgin�vh�the norice is given. ��,�
<br /> Un�s Ixnder and Barrower otherwise agree in writing, any application of pro:eeds�ta principal st�all not extend or =__-
<br /> postpone the dus date of the monthly payments referred to in paragraphs 1 aad 2 or change tta:;amount of the paymeau. If
<br /> under paragraph 21 the Prvperty is acquire�by Lender,Borrower's right to any insumnce pa�3icies and pmceeds resvlting from "=_
<br /> damage to the�raperty prior to the acquisition shall pass to I.en�r to the extent of the sum�s�ecvred by this Security Instrament �`'_�'
<br /> . � immedia�f.y��ior w the acquisiuon. i�`-=;
<br />���'-.�, 6.�ne3,,�ervatfon,Mainten�nce uud tArctec���of the PragQrtY:HeuFa��r's Loan Applirsitd�u.I.ease�olat�. �_�_
<br /> -� �;� Boaower shall occnpy,establish,and use the Prapat�as Barrower's pris�iRs!residt�se witttin si�y days after the execatior�of
<br /> this Security Instrument and shall continue to occupy li�e Property as Bo�rnu�s prim.'sp�l resi8�oe far ut leas!one year after
<br /> `"' the date of oaupaacy,unless Lender otherwise agrees in writin�,which c�:x�t sh�11 cwt.�nareaso�laEg withheld,or uWess =�-
<br />�'f..4
<br /> • extennating circumstaaces exist whEch are beyond Borrower's muiml. Earmuies s�Zil �:descroy. damage or impair the r;;.
<br /> Propeety.altow the Pcoperty to deteriorate.or wmmit waste an the Pm�s�ty. �orrorrx s8s�3 be in default if any forfeiture �%."'
<br /> action or ptuceed'mg,whether civil or criminal. is be�un that in Lender's g�!'�ith judgnent oovld resalt in forfeiture of We ,
<br /> �9...;
<br /> Praperty or otherarlse materially impair the lien created by this Security Instra�-,�or�I.ender's security imerest.Borrower may ,:�s
<br /> ' cure such a defautt aad reinstate.as provided in paragsaph 18.by causina the actiun or psoceeding w be dismissed with a ruting =_
<br /> tha� in Lender's goad faith determinadon. precludes forfeitu:e of the Bo��e.z'a intrxest in the Property or other material .�
<br /> - • Impairm.,,�nt of the liea created by this Securiry instrument or Lentler's securiry in�erest. Boao�ver sh�ll alco be ia defaWe if �—°-
<br /> Borrower,during the loan application pmoess,gave materially falst or in3cr..�ra?e information or statementa to Lender(or failed
<br />. to provide I.ender with�sy msuerial information)i��nnection with the laeu.�fr?'enced 1uy the Note,Indc��Jing.but not limited _s_`
<br /> ." to.�prescnmtions co�ning Bosower's occupan�gr�.�the Pruperty as a p�€vi�t�s�residence.If ihfis S.�r�i.ry Insnvment ia on a � ' �,;��..;
<br /> • leasehold, Borrowes s6a91 oompty witb aU the provisions of the lease. If�brrower nr,quia+es fee ti8e�to the Pcaperty, the j".:;�;_=
<br /> � lease�old and the fee tide s1�aU not me�ge unless Lender agrces to ths�ges in imting. ' •=-
<br /> �7.Prot�UTon oY Lender's Rtghts in the Property.If Honower fails to p;rform�he casenat�ts and pgtr,ements oontained in ___
<br /> ;� • this Setvdty InsUUme�t. or ttczre is a legal proceeding that may signifiranYly aifect Lender's rights in tlte Pmperty(svch as a • _----
<br /> '. • praceeding in banluuy��.pm8ate,for oondemnation or forfeiture or to enfmce laws or regiilations), tttan Lender may do and ' .__
<br /> ' • pay for whntever is neoessary to protect tiie value of the Property and l.endtr's rights in the Properiy.lcnder's acaions may
<br /> . incEude Paying any sums secwed by a lien which has p:vr.�.r. oves thus 5ecuriry Instrument,appearin� in cau7{ D�ying .
<br /> � reasonable atwmeys'fees and entering on the Propeny to malce r.paits.Atthovgh Leader may take action under thls pat3graph ;�;
<br /> 7.Lender daes not have to do so. � � -
<br />� Any amoanu disbutsetl by Lender undcr ehis paisgreph 7 sT►all b�� sdditional debi of Borrower secured by thls
<br /> � Secnriry Instnim�nt. UNesa Barrower arfd i.ender agree to other term3 of pay�ent,these aawunta shai�bear iaterest from the �
<br /> datc of disbursecnent et the Nate rate aac! shall be payable. with imerest, upon notice from Lcnder to B�rrower recluesting
<br />. : payment. ;
<br /> � •+ 8.Mortgage In,vrssnce.If Lencer reqaircd�artgage insurance as a oondition af making the loan secured by this Security ,
<br /> ''�,� Instnunect. Borrowei shall p�y th�premiums m.�xired to maintain th�rncxc�;�ge insurance in effect. tP, for any reason, the �.
<br />^_�;:.':�• mort�u�e insuranoa cuverage reg�.ired by Lender lapses ar ceases to 6e in eifect, Borrower shall pay the premiums required to �
<br /> �� • obtain coverage substanteally equivalen�t to the mortgagz ir�u�ce previousIy in effe�t,at a cost substandally equivalent to the
<br /> � oost to Borruwer of the rnottgag�insurance previrn:sly in effect. from an altemate mortgage insurer appraved by Lender. If ,
<br /> substantisilly equivBlent mortgage insu�ance ooti�sag�is not s►vaitable.Bomowet shnll pay to Lender each motuh a sum eqoal to _
<br /> � one-tweltZtt af the ye2rly mottgage insu�ance pr�.-nivm being paid by Borrower when the insntance oou;�ra�e lapsed or ceasetl to ;
<br /> � be in effect.I.ender aW accept.use and retaIn these payments as a toss reseive in lieu of mortgege z^:.sivance. Loss rrserve
<br /> � Form 8028 9I90
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