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<br /> S. H�stl o�Pns�erty I�ace. 8orrower shall keep the improvements now ea�isting or hereaRer e:ected on ttte �—�_-'_
<br /> P[opP►ty insu�d against toss by fire, hazards inc�ude3 within ttre term "eAtended ooverage' and nny other haTZrds,inctuding �''°"
<br /> _ #loa��nr fla�rng,for which Lender req��ins insurance.This insurance shali be maintained in the Funounu nrtd for the p�riods �J"'��
<br /> �...,
<br /> tbat Lender requims.The iasurance carrier prnviding ths insurunce shall be chasen Dy Borrower subject to L.ender's appmval ��,
<br />` _� which shall not be unreasonably withhe�d. If Borrower fails to maintaln coverage descrihod above, Lender may. at Lender's �,'-
<br />�_ opiian,o'�tain coverage to prot�t L.ender's rights in tlte Property in ttocordance�vith purngraplt 7. _
<br /> p11 insurance palici2�and mne�va4s shali be acceptable to Lender and shall include a standard mortgage clause. Lender
<br /> shall have die right to hald the policies and rene�vals.If Lender requir�s.Ilarrower shall peomptly give to Lender all mceipts of ��`;.
<br /> �, paid premiums nnd rene�val notfces.in�he event of loss.Sorro�ver shall give prompt rwtice to the insurance carrier and Lender.
<br /> �r�;
<br />: :.� (,enci�r may rnake prooi of iass ii not made prorrspiiy ay&ornn�cr. �-
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<br /> 1,intess�ad�r and Bonower othtnvise agree in writin�.insurance prooeeds shall be apgiied to restoration or repair of the
<br /> Pcoperty damaged.if the restoration os repair is eoonomic�Uy feasible and Leader s securiry is not lessened.If the restoration or � _
<br />: <� repair is not eaonomicalty feasibfe or Lender's security�vould Be tessened.the insurance proceeds shall be applied to the sums �-,
<br /> secured by this Securicy Instniment. whether or not then due. with any e�ccess paid to Borrotver. If Borro�rer abandons the �;-
<br />';;� Property,or does not answer within 30 days a notice from Lender thai the iasurance carrier hus offerecl to seale a ctaim.tiien
<br /> Lercder may collect the insurance proce�2dh. L.�d�r may use the procee�w repair or restore d:e Property or to pay sums ��.�
<br />�:�-� serured by this Securiry I�vsm�me:tt,whefl�'or not then due.The 3Q-day period wi11 begin wften the notice is given. —
<br />`:�:'� Untess Lender and �orrower otherwise agree in writing. a�►Y aPPlirapon of procxe�s to prinripa! shall not extead or ��_-
<br /> ,°L: c 7 rh ar thr�mcxmc nf the VIR@ri1S. � �-�-'
<br /> �=��3: Puscpone che dne date of tire�nonii�IY !�}�����a•� ta m�rgr.�lss ! ars _or �ze� —. Pb — ,
<br />'. ..} under paiagrapt�21 the 6'caperty is acquired by Lertder;Borrower's right to any insu�ance policies and praceeds resuldng from �=`
<br /> damage to the Praperty prior to the acquisition shall pa:s to Leader to tfi�e extent of the swns s�cured by this Seauity Instrumeat
<br /> '! �` immediateiy�rior to the acquisition. �
<br /> •t 6.Qoa.,�,�**ancy.Preserfatl�a,N�aintenance a�d�tectiom e[�he Property;Boazower's Loan Aaaplira4i��,l.��p�. ---
<br /> `t Barrower shall accupy.establLsh.and use the Prage�tp as Borrower's principal residenee�vithin sixty clays after t�e eacec+saon of �;�.:-
<br /> ,. 3• [his Securiry InsUVment and shall continue to aoar�.y C�e Property as Borzower's principal residenoe for��c�one yenr after .
<br /> �:_� the date of occupancy,unless Lender otherwise agrees in wridn�;,which ccnsent shall not be unreasonably Q:i,nheld,or unless
<br />_,.,( extenuating eircumstances exist whicIx ace beyond Borrower's control. Borrower shall not desmoy, darnage or impair the _
<br />_Y ?� ptupetry,allow the Property to deterio�,or commit waste on the Property. Borrower shalt f�e in default if any forfeiture
<br /> act�an or procee�ing,viiheiher civil or criminal.is begun that in Lender's good faith j�dgment awid result in forfeiture of the �-_
<br />'^'•' Propetty ar atherarise m�ially impair the lien created by this Security Instrument or Lender's security interest.Batrower tnay �-
<br />''�'.. cure such a default ar.d see..�state,as provided in par.�gx�Ph 18.by causing the aaiQn or proceeding w be di�rssed with a ruiing
<br /> -":;�:,• that. ia Leu�r's gaod faith detemnnation. preclad�s��rfeituse of the Banon�a's interest "vm t�e Pro�e�ty or other material
<br />-;::x i Impair���t�f the lien created by this Security in.5�,�*or S.erd$r's security interest �att+_rnc$r shalJ aSso be in de�[c if �`
<br /> "` Baaower.�uring the loan applicauoa process,gave m�terially false.ar inacairate informatioc��:ssatements tv Le,aider(ceT�a;�fad
<br /> `.,!•. �o provide Lender arith any material information)in wunertion with the loan evidenced by the Note,iacle�dL::_�,but aot timited �'
<br /> � ` to. representations coaceming Barrower's occupanc}csf the Property as a principal residence.If this Sercuri:y Enst�ument is on a �"''�
<br />•�.� �' lcasehold. Borrower shall oompiy with ali the pmvlsions of the teasc. Jf Borrower acqunres fee dde � d.5r Pro�-"lr, tt►e ' �:
<br />-' `_; leasehold anct the fee 6t2e shali not m�rge un�ess Lender agrees to the merger in arrittng. �.
<br /> ' 7.Protedilon o!Lender's Ittghts in the Propei43i.If Borrower fails ta perform the co��ctaitts and agee�e�cx�:..�:.�in �
<br /> �'' this Secasity Insuu.rnem, ar there is a legal procee3ing thut may significantly uffect I.ead�r's�ghts in tha�'-�:��erty(sucfi as a i
<br /> ` �'`: proce�ciing en i�aank►uptcy,probate.for condemnati�t►�or forfeiture or W enfosce lawa or regulations),theii:xder may do and --
<br /> ��;' pay for whttte�er fs nece5sary to protect the value of the Property aad L�,mder's rights in t�e i'roperty. Lender's ac7ions mey
<br /> — �' incluEdc �ayiag any surns securcd by a lien which has prioriq�•pver this Securiry Inmuirn�a, appearing in cot�ri. �a�ing ��
<br /> . su ns
<br /> • t,-, te8sonable attameys'fees and entering on the Property to make repairs.Althongh I.en3er ma'3•�;rSe action undet this pacsr�ph
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<br /> ?,Lender does not hace to do so.
<br /> '-•' Any amounts disbursed by Lender under t�ia:paragraph 7 shall become udditional debt of Borra«�ar secured hy this =,
<br /> ;� Security Instrament.Unless Borrower and Lendea s�ree to other tertns of paymont,these amounts sha}I bear Interest from the �
<br /> date of disbursement�t the Note rate;�,:.d shall be payable, with intemst, upon notice fraus 1T:ender to Bo:rower requesung —
<br /> �� paymerrt. , � -
<br /> � � 8.MottgAge Iasuranee.If Le.,�c rzyuired mortgage insurance as a wndition o€making the loan secured by this Security
<br /> 6� Instrument, Buaower shall pay the premlums required to maintaln the mongage insurance in effect. If: ror any reasan.tha
<br /> mortgage insurance coverage required by Lender lapses or ceases to be in effe�,$orrower.shall pay the pm�'.ums required to �
<br /> .�. :,� � obYain caverage substantially eqaivalent to the mortgage insuranca previously in effeci.at a oist substantla;ly equivalent to the
<br /> cost to Borroa•er of the mortgage insurance previously in effec2, feom an altemate mort -�n�:usurer approved by Lender. If
<br /> ' � substantially equivalent mnrtgage insurance coverage is not available.Borrower shati pay to G.�der each month a sum equal to '��`
<br /> ' orre�twe l ft i�o f t h e year ly m o rt g a g e i n s u[a n c e g r e m rombein g paid b y�orrower when tlie insurance cover�sge•tqpsed or ceased w �-
<br /> ( 6e in effect. l,�nder will acceDt.use and retain thes�payments as a toss reserve in lieu of mortgage i�-usmice. Loss reserve
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<br /> Form 3028 8/90 �_.
<br /> P�ge 3 of 8 .
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