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<br /> , � 82— 10263 b _
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<br /> . .. �. S. H�ard or Properly Incurance. Borrowcr �hall kcep t6e improvementr naw caititing �r� hcrcaftcr crcctod on thc �-::R_.�_____--
<br /> .,,,.s^ �. ' �.,- . property insurad aauioat lass by firc. hurardc includ��l withM �he tcrm "extcnJcal ruvcrogc" ur�l any��thcr hou�rd++. includir� ��_,-Y:._—
<br /> • `� ,, ,_ � floaia ar Ooading, fbr which Lender reyutres in�uruncc.7'hiti insumnrc xhall hc muimain��l in�he unwwntti and li�r�he pericidr !_
<br /> ""� tlwt L.ender requires. Thc m.urunrc cunlcr pr��viJing �he inrurunre shull Fk rhu,�n by �►rruwer,uhjec� tu lw:ml�:�'ti upproval �-=-
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<br /> a which shall not t+e unreawnably wi�hhelJ. If B��m�wer fuils tu muin�uin ruver�gc Jc�rfl+cJ uMwc, l.en�ier nwy. s�t Lcmicr'c
<br /> •` • ` , . - •� �_ option.�►htain�•�w�•rHgc to protcct Lendcr'� �iKhts in thc Property in urrurdancc wi�h purugraph 7. �"'
<br /> � _ _
<br /> ��y ° _ All imuronce policie.r• uiul renewal��hall be acceptuble �a Lender und shnU mcluJe � �tanda�d rtu�ngaga;duu,w. [a:�klcr —
<br /> - - shull havc thc right to hitild th:p.;li�i"�od �cncwrla. II'l.cnd���r�yuirr�.9nrrowcr sh:sl)promplly f�ivr��� IxnJcr ull r��cipl�uf � _.� _" —
<br /> � � � paid premiums and renewal notices.In the cvent of lusti,&�mnwer shull givc prampt natice to tin:in�umnec currier and l.eiuler. _
<br /> '' .:�"� ' I,cnder may malcc pra►f of los.it'not macic pmmptly by &�rco�.vcr.
<br /> � ' Unless Lender and Borrowcr othcrwisc agrec in writing, in�utuncc pr�xccd+shull t+c appli�til u� rc+turutian�ir rcpair ol'thc _ _
<br /> • Property demagcd.if the restorotian or repuir i�ixonomwally fcasiblc ond L.endcr'+sccurity iti nul lesrcncd.lf thc rc+turatiun or �����
<br /> .� ���:�---
<br /> repair is nat economically fea.�ible or L,ender's saurity wuuld be Ie+w:ned, the insurnncc pnxeed+tihull t+e uppliecl tu the sums �_�_
<br /> � secured by this Security Instrument, whether or nut lhen due, with uny ezcess paid tu&�rrowcr. If&�rrower ubanJnn� the _ __ _
<br /> '� � • Property,or does not unswer within 30 doys� nwice fmm l.ender thut the insurum:e caRier huc off�rcci to+etde a cluim, then —�_ —_ti�
<br /> � I.ender may wllect the insura�xe pracecds. l.cndcr m►y usc Ihc proceeds to repair or restorc thc Pmperty or w pay sums —�---�--- °�
<br /> " secured by this Scxurity Instrument.whether or not thcn Jue. The 30-cluy pr.riai will bcgin when thc nutice i�given. �' -
<br /> � Unless I.ender and Borrower othcrwise �grec in writing, uny upplicutinn of proce�Kls to principal shall not extend or �.�x��.
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<br /> � •• ' postpone Ihe due date af the monthly payrnents refcrmd to in pamgraphs I and 2 or changc thc umaunt of thc payments. If ,,,,
<br /> under parngrs�ph 21 the Property is�cquired by Lender.&�Rawer's right to uny inxurance pulicics and pruceeJti resulting frc>m �w•�
<br /> danwge co the Property prii�r to the acquisicion,hull pa�s to l.cndcr to thc cxtcnt of the sums securec!by�his Security Inurument • --�,Tl�:'__ ` .___ .
<br /> immediatcly prior to thc acquisition. ::!-��� '''�""°''"°
<br /> • 6.Occupancy.Preservalion.Maintenance and Pmtectian ot the Property:Burrower's Loan AppUcat ion;Leasc ho l d s. � �h ._. �i
<br /> • � „ Borrower shall occupy.estublish,und use tiu Property as Borrower'+prinripal residence within sixty duys uftcr the cxccution uf ���'",
<br /> this Security Instrument and shall continue to occupy thc Property As Borrower's principal residence for at Ieust one yenr after . �..T_
<br /> the date of occupancy,unlesx Lender otherwise agree�in writing,which consent shall not be unreusunably withheld, or unless ,,,. ��d
<br /> �• � extenuating ciirumstances exitit whirh urc beyand Borcnwer's contml. Borrower shall not de�tmy, damage or impair the i";;�n�:�
<br /> Property, allow thc Property to deteriorutc,or commi� wustc on thc Property. &►rrowcr xhall bc in defeult if uny Pi�rlciturc °:;��
<br /> action or pr�xecding, whcthcr civil ar criminal,is bcgun that in I.cndcr's guod fuith judgmcnt could re,ult in Forfciturc uf thc
<br /> Property or otherwise muterially impuir thc lien crcutcd by this Security Instrumcn�or I.ender's sccuriry intcrext. Borrower may �--.�s; �e����
<br /> cure such a defuult s►nd reinxtatc,u.provided in paragraph 18, by cuusing thc Action or proceeding to be dismisxd with a ruling ,, �r�
<br /> -- " — - that, m l.enders gcxxi iuith Jetc�m+�iatior�. precludes fc�rfeis�re nf the 9orrnwer', lnterecl in the Propeny ur other material ,_ �•;;.:;far�,:�
<br /> � impAirment oi the lien creuteJ by thix Security Imtrumcm or L.ender'. ticcurity interest. Borrower shall ultio lx in default if ��,�r y
<br /> � Bormwcr,during thc Ins�n rpplicution prcx��x, gavc matcriully falsc or inacruratc infiirni•rtion ur statcments to lx.nckr(or fAilcd ,,
<br /> to provide Lender with uny materiul inf'omwtionl in c��nnection with th�:loun evidenceJ by the Note,induding,but not limited •��
<br /> to, representutions roncerning Borrawer's �krupancy of thc Propeny as a prinripal residence. If this Securiry Instrument iti��n u C
<br /> leasehold, Borcower shaU ci�mply wilh ull the provisiuns of Ihe Ic�tie. If S�xrower ucquires fce tiqe ro the Praperty, the ,�_
<br /> IeasNhald and Ihe fee tidc.hall n�n mcrgc unletiti I.cnJcr agrec+to thc mcrgcr in writing. ' -
<br /> ' 7. Protection of Lender's Rl�hts in tqe Pruperty'. If Burrowrr f•rilx t�i pertiim�the covenunts und agrcen�ents contnineci in . . .•, •_
<br /> ' this Serurity Instrument, or thcrc is u Icgul pr�xceJing that may signifiruntl�� affcct I.cndcr's rightti in the Property (such as a .�� �
<br /> roceedin in bankru tcy,probate, ti�r c�iixlemnati��n or forl'ciwre or tn enli►rcr laws or regulationsl,then(.ender may do �nd r '" '`��-
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<br /> puy for whntevcr iti ncce,wry to pm�cct [hc valu� uf thc Pnipcny �n d Len dcr'.nB h ts in t h e P r o p e n y l.c n d e r'ti a c t i a n s m a y �-
<br /> " includc paying any sunts ticcured by a Ikn which has priority uvcr thi, 5ccuriry Intitrumcnt, uppcuring in court, paying
<br /> rcusonublc unorncyti' fces and rntcring on thc PmFxny tu nwkc rcpuir.. Although L..�ndcr may tukc action under this paragraph �. ,. .:..,� f
<br /> 7, Lcndcr d�xs nut havc to d��.o. ' r-
<br /> Any amuunts disbuned h}• l.ender undcr thi, puraEruph 7 ,hall bcr�mic adJitionul debt �if Borrowcr yecured b this �. '�°'
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<br /> • Sccurity Instn�mcnt. Unl�z. Bun•���err und L.nJcr uErer a� ��thcr�crnis�►t'payment. �hctie umounts xhull lxar interest Gom thc (� •«•:-_
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<br /> � dAtc uf Jisbunemcnt ut �hc Nalc rate anJ�hall Ix p•ry+�ble, wi►h interest, u�m muicc from l.cnder to Borcower requesting •. ,'�`ni..�FMsr
<br /> paymcnt. t'� � � .
<br /> 8.Mongage Ingurun¢e.li'Lemkr rcyuir�d rnungage in,ur�nce ati a canJiti��n of making the loan secured by this Securiry
<br /> Instrumcnt, &►rrowcr sholl pay the prcmium, myuircd �o maintain the m�mg•rgc inwrancc in cl'fect. lt'. for uny rcauin, the .
<br /> mortgagc insurs�ncc rovcrugc rcquircd hy l.�nJcr lupx.ar rcases t��Ix� in cflcct.B�irrowur�h:�ll pay thc premiums reyuired to �
<br /> �ibtain cuvcrage ,ubstuntially cyuivalent tu thc m�ing:�c imurancc previuu>ly in et'fcrt,at a rost ,uhstantially eyuivalent to�hc , ,
<br /> cost to Born►wcr��I'�hc m��ngagc in+urancc prcviuusl�• in cflcrt. Irum an altrrn•rtc mun�ugc inwrcr appruvcd hy L.cndcr. If'
<br /> �� �' substuntially cyuivalent murtgagr inwranrc ruveragc i, iwt a�•ailaMr.Barru��•�r,hall pa�•tu l.endcr earh mcmth a sum cyu�l ta
<br /> „ onc-twcltth of thc ycarl� nwrt�a�c in.uruncr prcnnum hring paiJ h} B��rr�nvrr ahcn th� intiur•rnrc�uvcragc Iap+cJ ar ccu�cJ to
<br /> be in eiTect.I.ender will a�ccpt. uK atxl rc�ain thc,c pa�nkntti a. a lu,. rc.ri��r in li�u ul� nwrt�uge in,ur•rnce. L��.s re.r•crve
<br /> . Form 3028 9190
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