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<br /> -=�=-,n�ia��±��,. S. Ho�rd or Pr+uperly Insut��e� Borrower shall keep the improvementx naw eaisting or hereafter erected an Ihe
<br /> ,�.�����*� Propeny insured against lutis by fire, hu�nrJc included within ihe Icrm "cxtcruied coveruge" unJ uny other hezurds, ii�cluding
<br /> :,r:,�,�=����,;�;� flcxKls nr flaxiing, for which La:ndcr rcyuires in�urunce.Thiti intiuranrc rhall tx� nmfnwined in thc umuunih aiul fi�r the perinds
<br /> ---_-�-�. thal I.ctxicr rcyuircy. Thc intiurunre carricr providing thc incurunrc tihull Ix cho.ren by BoROwcr r:ubj�:ct tu L.cndcr's uppruvol
<br /> � �""'° -�� whlrh shall nc�t he unreuxmubly wi�hhc�ld. If' &irrowcr I'nilti to muinluin coveruge drscrihe�l ulx�ve, l.emler muy, ut Lender's
<br /> .�,.y�,..;� '��� opti�n,ubiain cavcruge to pm[ect L.crnler�rightti in the Puy�x;rly in uccurdoncc with puruFruph 7.
<br /> ` '�,."��'.�:.,.
<br /> 9-•-'��J:ry,�i�`:',' ' All insuruncc pOIICICS UMI �Cf1CWAIti tiIIUII �1C ilCCl'�11AMC(ll IAndcr uixl r;hull incluJc u stundurd mongugc claus.c.I.cnder
<br /> ) F��'�����t'f. F.
<br /> � .: �.�� ' shall have�he right to hold thc pc�licicc und renewulc�. If l.e��dcr r��yuire�,&►�n�wcr+hull pr�impQy give to I..endcr all rccelpts of
<br /> --r,.� �' �-r..°o°�.�_.. paid prcmiums nnd renew�d no�ices. (n thc evcm nf IoSS,B�rn�wcr xhull Rive prnmpt nuQce lu Ihc insurunce carrier and l.endcr. c
<br /> �,�•", ,, ,�-. I.ender may ms�ke praif nf loss if not mude pramptly by Borruwcr.
<br /> _�.�'•n*'�:• .�*.'y•� Unlcss I.ender und&�ROwer othenvise ugrcc in writing,Imurunce pr�kccJs�.r•hul!bc uppli��f tii restorution��r rcpalr uf�he
<br /> . •]�i.r..4.:�u;1y.9�P . ' _ _. .
<br /> ti��,.� �,,fitj PrapeAy dumaged, if the re.rtoratian or repuir is economically feu.ihle am.l l.eruler'x ucurity i+nrn Iessenal. If the retitornticm or _.
<br /> ���. _ , repai r is not eca►�micully fcusiblc or Lender's security would bc Ics,cn��l,the intiurunce pr�xecJs shull Ik�pplied to �hc gums _ _
<br /> ' ��* necured by�his Security Instrument, whether or nut �hen due, with any cxccy+ puid h► Barrower. If &►nawer ubunduns the __
<br /> :•.. . �'_..�.. _ , .
<br /> -- -- ,_.�,��,.,�c_:,."^ Prupeny. or dc�es nat imswer within 30 duys u notice from Lender that thc intiuranec enrcier huc offered tc►xttle a clulm, then
<br /> _ . . , . , L.ender may callect the insurunce p�ucc�eds. Lender may uae the pr�xeedr to repuir or restnre the Prupehy ur to poy sums �- -- `
<br /> - , .. � secured by Ihis Security[nstrument,whe�her or not then due.Thc 30-duy perial will txgin when the notice is given.
<br /> s'-.�2?r. ,� . Unless Lender and Borrower othenvirc pgree in writing, uny upplicution of procecds to princip•rl sholl n�x ex�end or —
<br /> ;. �, �, ° ' postponc thc due date of the manthly puyments referccd to in purngraphs 1 und 2 or ch:►nge �he nmuum af the puyments. If �_
<br /> .,�,:•..,,.,..,.•. .„ underparagmph 2l the Property is ucquired by l.ender, Bnnuwer's right to uny insunukc p�dicie+und praceeds resulting from �,�,a
<br /> _—_— R.:_�d_ damage to the Pmpeny prior to the acquisition shull puss to L.endcr ta the eatent of thr surng secured by this S�curiry Imtrument =—_
<br /> ,.'�:a •. � ` . immaliutcly prior to the acquisition. —
<br /> . ���,., ;�t• 6.Occupancy, Preservatlon,Malntenwnce and Protectlon of the Praperty;Borrower's I.aan Appllcation;I.easeholds.
<br /> • '•'� "- ` Borrdwer sholl accupy,establish,und use the Propeny us Bc►ROwer's prineipul residence within sixty Jays nfter the execution nf �-`*
<br /> .. "�. , this Securiry Instrument und shull caminue ta �xcupy the Property us Bnrrowcr's principul residcncc for nt least one year aflcr �••
<br /> � . ° the date of accupuncy, unlcss Lendcr atherwise ugrees in writing. which coment shall not be unreusanubly withheld. a unless ��"'-
<br /> ::.'`'; ' extenuuling circumstunces exist which nre beyond &xmwer's cantrol. Borrower shall not dextray, damage nr impair the �''�"'„,
<br /> � • � ' �;�. Praperty. ullow the Property to deteriorute, or commit ws�ste on Ihc Propeny. Borrower shull be in default if any fortei�ure �+��-`-
<br /> �• • action or proceeding, whether civil or criminul,is begun thut in I.ender's g�xid faith judgment rould result in forfeiturc of ihe --_!��=
<br /> Property or athetwise materially imp�ir the lien creutccl by this Security Instrument or l.ender'ti security interest. Borcower may ��:,�,t�;,•
<br /> ' ' V a •' cure sucl-�a defAUlt nnd reimtutc,a�provided in parugrs►ph 18,by causing the uction or procccding ta 6e dismissed wi[h u ruling -T_�_.,
<br /> • � that. in Leixier's good faith determinution, precludes Partciturc of the Borrower'ti intcrest in the Propeny or other mnterinl ����
<br /> _ - = itnpalmticnt aF thc licn rrcatcd by this Security lnstrutnent or Lendcr's scrurity inlere�f. Hi�rrnwer �hall ulco be in default if � =-� _
<br /> � ° . Borrnwer,during the loun npplicution pr�xesz,guve nwteriully fulse ur inaccurute informutinn or sta�ements to Lender lor fuiled ��';��
<br /> ' � � to pravide Lender with any muteriul inf�rmution)in connection with the laun evidenccd by the Note, including, hut nM limited �'�:�w-���
<br /> . " to,repre�enlutions concerning Borrower's ocrupuncy of ihe Proprny us u principul residence. If thi�Security Instrument is an a °�1OC"""''
<br /> �' ' Icu,ehold, Borrower shull comply wiih all the provision� of the lease. If Borrawer acquires fee title to the Prnpeny, the =_-`_
<br /> � � � leasehnld und the fee tiUc tihull rnx mcrgc unlcss LcnJ�r;�rec+to U�r mergcr in writing. �i _�
<br /> � � 1.Protecdon of I.ender's Rlghts in the Pry�perty.If &�rr�iwcr fuils to perli�rn►the rovcnunts und agrecmen�s contained in �LS.v-y-
<br /> " this Security Instrument, or�here is a legul pr�kceding �hat muy significandy affect L.ender's rights in the Property (such ac a t�'�•�"-+��'.-
<br /> • proeeeding in bnnkruptcy. probute, fi►r runclemnuti�m ��r fi,rfeiwrc or to enfi�ree luw.ur regulutions), �hen I.ender muy Jo und _ . ._.;.,..__
<br /> " puy fnr whutever is necessary tn prutcrt the vulur uf thc Prup�:rty und l.cnder'� rights in the Praperty. Lender's uction� mny x' ��:t --
<br /> ,�::;:.;�.T'�
<br /> � incluJe p�ying uny sum, secur�Ki hy :� lien which hus priority over thi, Securiry Instrument, appeurin� in cuun, paying �-- = �
<br /> rcascxwble attnmeys' fces unJ entcring un�hc Propcny to muke rep�in. Althiwgh Lender muy tuke uction under this paragraph `�``��"�""""
<br /> 7,IxnJerdoes not huve to do so. ��^'�-�- .
<br /> � - � � Any umount+ disbursed hy I.endcr under �his p•rrr�raph 7 shull Nec��mc additional debt ol Borrower secured by ihis ���•�_�__:
<br /> . � Security lnstrumcnt. Unles, Borruwcr anJ LcnJer agrcr a.ulhrr Icnns of payment. thc�c am��unts shull bear interest from the �,�..
<br /> � ' daie of disbur�ement nt the Note ratc and xhull be puyuble, with intere.rt, upun notice from Lender to Borrower requesling �J����v�< '
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<br /> • payrnent. a::-...----:-
<br /> . 8.Mort�age Insurence. If LcnJcr rcyuir��il mi�rt��Fr insuruixr;�.a ronJition uf making�hc I��an sccurcd by this 5ecurity �-;,�-���• �,
<br /> „ �:Ria�:a:�
<br /> • lnstrument, B�m��wer �hull puy the pr�mium. reyuir�til �c, muintain �hc murtEugr in,ur�nre in effect. If', for any rcawn, the M.�..,,,
<br /> martgage insurnnce covcrsige reyuireJ hy LenJer lup.r+or cra.rs to lx in effcrt. Borru��•cr.hall pa}�the premiums reyuir�d to �..z.:-�--'�="��
<br /> . , obUtin ccivcragn substnntiallv eyuivulcnt to the mon�agr inwr•rnrc prcviou�ly in cfl'rct.,�t a rust tiuh�tuntially eyuivulent to the �;;~;;;1`
<br /> '. cost lo Borrower of lhe monguge in.uranu prc��iou�ly in cfTcrt. 1'nnn an allcrnale nwngaEc in.urer upprovcd by C.endcr. If � � .
<br /> ' cubstanli:�lly�•yuivulent mong•rgc imura�ke r�w�ra�.i� ix�t a�•ailaMc, Borrawer�hall pa�� to Lcndrr rach month a yurn eyual to ��
<br /> . �mc-twel tth uf thr yrarly nwrtga�e in>uruixe premium tkinti paiJ hy &irruw�r w•hrn thc in.uranrr ruv�r•rgc lapsc�!ur cu�a��d ta `�
<br /> he in et'fi�ct.LenJcr will urcept,ux u�xi rctain�hru paymrnt.n. u k,,, re.rr�•c in liru ul nwnpage inwrancr. l.o., rrkrve �
<br /> Form 3028 9190 E �
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