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<br /> �' '`� ��� � S. 1ia=ard or Prope�ty Uu�urnnce. Bc�rmwer aiwll kap the improvement� now existing ar hercafter erccted on the
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<br /> " Property insured Aguinst I�s�by fire, hn�uds incluik�i wilhin thc term "eRlendcxl covcrage" wd any olher huJ�rds, i�uluding �
<br /> ,`�"�`�''•`''�' flacda or fluaiing,for which l.ender requirew insurunce.Thi�in+urunce.hull he muinainod in Ihc umi�ums u�xl for�hc perioda �_
<br /> " .. .s�- �� �hu� L.ender reyuirew. The incurnnce cunier providing the insurunce �hull t+c chu.en hy B��rn�wer +uMjrc��o l.c�uler'�uppravul
<br /> ' ",;r which shall nol be un�e;►.�nahly withhcld. If&►rrawer fuilh��� nwinlain rovcr�ge dexritx�l uhuvc, l.ender nwy. W l.cnder'e
<br /> `'' �^� o tiun,obtain coveru e ta mtect Lendcr's ri hts in thc Pm n in uccurdunce with aru�ru h 1. —�
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<br /> �� ��' •' All insurance pnliciex and renewal+shall be ucceptable In l.e�xler u�xl �hull inrluJc a ti�andard nx�rtguge cluuM. l.cnder
<br /> - ; " °,,.. "- . tihall haec the dght ta hald thc pnlicics and rencwals. If Lendcr rryuirc�.Rorrowrr.hull promplly givc tn I.eruicr all reccipt�of
<br /> � • ' , paid premiums a�d renewnl notices. In the event ui los,,Born�wcr ghall give prompt notice�o�he insurnnce corrier und txnder. c � �
<br /> • � � ' Ixmier may make pmof of losti if no�made prnmpdy by Borniwer. °"•'•'`�
<br /> - � • � • ' Unless lamier und 8orrnwer athcrwitic ugrce in wrfling.inruraace pr�Kecds�hAll he upplicd tu restoruti�m��r rcpai���f thc =
<br /> • ' . �, Propeny damaged,if the re��orntion o�rep:►ir is economicully feuaihle unJ L.ender'++ecurity ir.nrn lessened. If the re����ru�inn nr ,-, �__ _
<br /> - repair i�nw ecc►nomicully feusible or I.ender's+ecu�ity would hc le+tien��d,the in�urunce pmceedr.�hul)hc uppHal ta Ihe�umc ,.� �+'ti:�,.�,�.W,
<br /> �"� . secured hy this Security Imtrumen[, whether or not then due, wilh �my cxces� (mid�a B�rmwer. If Bnrn�H�er abandons tho !{`'�`--
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<br />' . Prapeny, or dc►es �t arower within 30 duys a n��itce fn�m l.ender that the insurnnce currler hu<<�ffered u�seule u cluim, then °'-"�
<br /> , • L.ender may coHe�t the insuranre proreeds. L.enckr may utie the procr.edn to repaie or re+tare the Property nr ��� puy wms
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<br /> . ��`� � � • �� secured by thi.Sc��urity Instrument, whether o�na Ih�.n Jue.The 30-day peri��l will t�egin when thc nMice ir�given. �_ --_--
<br /> . . � •f�� Unle�s L.c�►der and Borrower othenvitie agt�e in wri�ing. ;u►y upplicudnn oP pu►ceed�: la principal shall n��t extend or
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<br /> , �� : ��,,r ,:;titi po tpane thc dee date of the momhly paymcnts refeimi w in p�ur.�raphs I md: ar rhunge ihe um��unt of the payments. If
<br /> • � ' "��` under paragrnph 21 tt�Propeny is acquired by lxader.&�rn�w•er's right ta any inxurance�licies und prcxeed+resulting fmm
<br /> •� �• dnmage ta the Prc�pen}•prior to the ucquisition shali patis to LenJer tu�hr rxtri�t u1'�i�sums cecurcd by thi+Security Instrumem �—_—_ —
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<br /> r .°�;;!�:r immediately p�or to the acquisition. �e,�:..
<br /> • 't.'';�p?;4;�::�:�1>'� �' • I.r�schalds.
<br /> . ;•:.;,.,.;.,. ,�,, 6.(kcups�nc�•,Pr�cervation.Maintenance and PrntecNan af the PropeR�•;&�rraN�cr s I.oan Applicatlan; ��-�_
<br /> ,t:,t',;1;'�+'''�•`,';�'„' Bonower�hall na:cupy,estublish,und u�c the Property as BoROwrr's principal residence�•ithin sixry days ufter the exccution uf ! ___.
<br /> '"�'�'��F'��'r'��'°� '• this Securiry Instrument und shull continue to occupy the Propeny us Bon'ower's princips�l residence for ut Ieutit une yesir ufler
<br /> .�i`�'�����" � � the Jate of c►ccu anc unless Lender otherwitie a ree�in writin whinc�ansent tihull not he unreuu�nably withhrld, nr unless _-�...
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<br /> �• cxtenuating rircum.rtancez exist whirh ure beyond &�rrower'. comrol. Bormwer shall n��t destrny, Jamugc �x impair the
<br /> " °s��E•:', �• Property, allow the Property to deteriorate, or commit wa.ste im�he Propehy. Bc�rmwer shull be in defuult if uny fcirfeiwre —�=��:.;.
<br /> ��iu;,;;. uclion or pmceeding, whether civil or criminul, i, Begun thm in Lerxlcr'�g�wxi fuith jud�mern cuuld re+ult in forfciwre of the ''`-
<br /> Property��r citherwise mnterially impair Ihc lien rreated by this Securiry In�trument��r Lender's sccurity intcrest. &mower rrwy "s'�� ���
<br /> cure such a defnul�und reinstate,ac rmidcd in ura ra h IS,b cuusin thc tt�tion��r �cxc�din to hc JismitiscJ with u rulin ����"�
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<br /> - tliut, in [.eixier'ti �kx� faiih deicrrninaiwn, r«ludes fartciturc of thc 8carrourcr':. interext in the Property nr othcr materinl !Q^�•xs'��`?�
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<br /> , impuirment of thc lien created by this Security Ins�rument or Lendcr'�,ccurity interest. B�irrower�hall ultio be in Jel'vult if q�r.,l��,�:�:;.;. _
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<br /> ' Borrower,durin�the loan applica�iun pnkexs,guvc m�teriully ful+e or inacrurate intiirmad��n or stuterrxntti to L.enJrr ror I'uiled ,?�'��"•'
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<br /> � to provide Lender with uny materiul infamiationl in cnnnection with�he Inan evidenced by�he N�xe, incluJing,but not limited ` '�±'.•;
<br /> 1 , to, representutions concerning Borrower'+accup�nry of thc Propeny•rti a prineipal rosiJence. If thiti Srrurity Instrument i,un u : �`�>•�s�;{�::�;_�
<br /> , Ic.�.+ehold, Borrower �hull romply with ull the provi�ianti of the leuse. If &mowcr ucyuire,r• fee tiUr to the Propeny, the ��' '� ;�� ,,(_��-
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<br /> . IensehoW unJ �hc fce iitle shall nut mcrgcunlc+�l.enJcr ag�ccs t��thc mcrEer in writing. ,. �, . :Yr.�
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<br /> 7.Prntecti�m oP I.ender's RiRhtc in the Prnpe�ty.It'Burruwer fail.u�pertlm�the ciwenant,anJ u�rctim�nts ront:,ineJ in ��,(r��.L'=-=
<br /> � " this 5ecurity In�trwnent, or thrre i,•r Icgul prucerJing that muy +igniliranUy uffeci Lendcr'� ri�ht�in the Proprrty �.uch us u ?t°A;��
<br /> proceeJing in bankruptcy. pr��hate, ti�r rnndemnutiim��r tiirlciturc or tu enlurce luw�ur regululiaml. then l.enJer muy Jii unJ Y `.��'�`:'.
<br /> • pay for whntevcr i�necextiury to protcct Ihc �•ulue uf thr Pro�xrty :md Lendcr'�ri�ht� in thr Pr��peny. Lcnder'� uction� may .,,,,{�;....�
<br /> , include pnying �ny swns .ecureJ by a !ien which ha. priuriry uvcr thi. Security Imtrurnent, appeuring in roun, paying �r'';'r'�—
<br />' rcusnnuble auumcy�' f'ceti and cnterin� ��n the Pr���xny�o make repuir�. Althaugh LcnJer mt�y tuke uction unJer this prragrnph �
<br /> .. ' 7.I.ender dnes nol huve to du xo. - - '_
<br /> . Any umoun�s dishurs�xl by L.c�ndcr unJcr thiti p•rr•rgr•rph 7 sh•rll hcrame additionul vchl ol' Barrawcr +ccurcYt by this '. • ___.
<br /> • . ,`,;�• Security Instrumen�. Unletis Borrower anJ Lendcr aFrec tu other tenns uf paymrnt. the��um�wnl�.liull heur intcrc,t from the � _,::• a
<br /> date of dishunemen� �it thr Notc rute anJ xhull tn puyablc, with interc+t. up�in n��dce 1'rom Lendrr to Bnrcower rcyue�ting � ��-:-;�
<br /> payment. �' . . . �..-,
<br /> S. MartgnRe In�urance. If Lrnder reyuircJ mon�u�r insuranrr ati a r�►n•.fi�ion�,I muking the Inan,ecured hy thi,Serurity ��
<br /> � Instrument. 6��rruwcr shull puy the prcmiums requir��l t�� muintain the nu�hg�+gc in+uruncr in cl'tirt. If, for uny rcation, thc � ,;• �-
<br /> ' mnrtgage insurrnce rcwcrugc rcquired M L.cnder lap�c.ur cca.rx tu Ik in el'Icrt.Bi�ra�wrr�hull pay �he pr�miumti rrquired to � _„
<br /> . oMuin coverage subs�antiully cyuiv:dcm i�� the mortEuge in,uranre previau.ly in el'frc�. at a intit wbtitantially cyuivulcnt t���he '
<br /> , rnrt to Borrowcr��f thc mangugc insuranrr pn�•i�,u.ly in cffcrt. fram :m :ilirrnulr murl�agc in,ur�r appruved by Lcndcr. N'
<br /> � . � . substantiully cqui��alcnl murtgagc inxuran�r caveragc i.n�►i a�•ailaMr. Rorra�ccr .hull pay 1�� I.�nd�r rach month a wm cyu•rl tu
<br /> onc-twclfth�if thr ycarlp mungagc inwrancr prrmium hcing paiJ hc Bi,rru��•rr��•hrn thc irnuranrc ru�•iragr Iap.rJ��r rcaxd tu
<br /> bc in cffect. l.endcr will•rcccpl.u.rc•rnd retain�hc,�puynkrn.��. a I�». r�+cn� in licu uf mongagr i^ra�raixe. Lu,. reticrve I
<br /> Form 3028 9/90
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