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<br /> � gs� i�83�� .��.. � � : �'�.
<br /> S.H�zard or Prop�rrty Insarance. Bormwer shall tceep the improvednents now euisting or kereaftcr eiect�d an the Propgty , .` ' .. ..'►`��
<br /> p 9 v n
<br /> ° insured against lass hy 6re,ha7ards incl�tded within tQ�e ter6o "exteaded coverage° and nny other hazzrds,incIudirig IIoods at --- - --___-=�_
<br /> flooding,for wdish Lender requires�'i`uis u�;.m�cti s`unit;z u����ama'�ssd fo;L`�z�--itsds�at a.cactc� , ._�"
<br /> requae.s.'Ihe insurance cairicr providing the insuiance s4all be chosen by Iiutrawer sub�ct to L.eader's appsova9 which sLall aoi . . : . v
<br /> be unreasonably vrithheld. If Borcowu faiLg to maaatain coverage d�m'bed above,Leader may. st Lender's op�nn. obtai.n .. . .
<br /> coverage tn protect I.e�dea's rights ia the Ptopeny in accordannr.e cvitL paaa�,p�9. . • .
<br /> All insurance policies and reneaals st�all be accePrable w I.endez and sham mclude a staudard mortgage clause.Laid�r shall , ... . ---
<br />-- have the right to hotd the policies and reuewais. 1f L�d�r requires,Barcawzr shait pmmgSy give w L�r ell receigts of paid - -- _ - . - _-- `�_'
<br /> premiums aud renewat norices.In the event of loss.Bo�navrer shaU give prampT notice tn the insv�rance rarriea and Le�nder.Le�der _ � ` ,
<br /> ; may make psoof of Ioss if not msde prompdy by 9ono�rer.
<br /> � Untes4 I�euder and Boaowa o.*k�vise agcee i�vtsiimg. IDSIII8At5C p4Y1Cf�P(LS S�Il I�8��LO ICSWI8Il9D 6T ICp31S OF II� , , .
<br /> P�o-�ertY dama8ed,if the�n or cepair is econo�Y fea�2e and I.euda's secariSy is not lessensed.lf the restntatinn or � � . ;
<br /> regair is nas econo�ically feas�I�or l,eadea's seauity wo�be lessened.the ms�a�►ce pmc�eds shall be applied tn tt+s s�uns
<br /> sscunad hy tbis Securily Instru�tea!, whet�a or not then cl3re,with any excess gaid to Barrower. U Borrawer abandons the _�,.>-�..,,.,
<br /> ' Frop�ty,ar dces noi aaswe,r a,it�in 30 days a noace fmm L.�der that the ms�uance ca�rirs has off�red to seuie a claim.th�n , - .,
<br /> .. L�d�a may col�ecc a�e insarance Esoceeas.I.enaex may vs�tne proc�ds tn mpa'v or resrae the Property OT w pay sums secured . . . ' '�.,.` _-
<br /> by�is Security Iastrume.nt,whetficr aa not then dne,'Ihe 30-0ay peaiud w�b e g i n w hen t b e notioe is giv�. --- : ,---;,:,,�--� <� -
<br /> - Un�ss IRUder and Bormwer otherwise ag�ee in writinB,anY apPlic�finn of pmcx,eds w principal shall not exteud or postpon$ . : ;;:,+�rx.:�.-��--
<br /> the due date of the monthlY PaYments refe�red w�paragraphs 1 and 2 oT cbange the am4unt of the payments.lf under pazag�aph :� .. _
<br /> 21 the Praperty is acquired by Ltiudea,Borrower's right tn any insusance poficies and proceeds msaltmg fmm damage to the '� '' -;��� ��`�;.
<br /> �. ,.•:,,'.�,�,fi y,
<br /> Property prior m the acqnisition shari pass to Lender to the eateat of the snms secured by this S�cuqity Instn�e�t immediatelY , `: ;. . , �:.. ��.
<br /> prior oo the aoqnisition. , "�:;''��.
<br /> �,pocapaney,Preservation,M�inteuan�e snd Protection o!We Proptrtyi Borm.ra�'s Loan ApptkatFa�;I.e�sebofds. . ; :��"'-"�"•::-
<br /> ' Borruwer sha}1 occupy.esC�b�ash�and use ti�e Properiy as Hrnrower's principat r�ce u�ithin sixtY daYs after the execution of . ' �:<`'�••a
<br /> ��:�*=-• ._..-..__
<br /> dus Sec�iiy Inso�umc�t aad sDall contiune Lo occupy the Roperty as Borrowea's prmcipa2 residence for ai least one yeaz aRer dre . -
<br /> ' date of oa�ipancy, nnless Lendea oth�wi.se agrees in writing,w6ich as�sball not be unreasonably withhcld.os anless '. ' .
<br /> ext�►uaring ca�wmsmnces exist Nhich ate beyoad Borrower's santrol Baa;c�uc�sLaII cot st2.suoy,damaBe or�paior the Propaty, 1�' =�
<br />, - a l t ow t h e p r o p e a t y t o d e t e�o i a t e.or wmaut wastc an the L�ropesty. Bolrower shall L^e in defauit if any faifeinue astion or �". . ' �
<br /> - :. Proceeding,wheth�civ7 or ciiminal.is begun tbat in Y.ead�r's good faitL judgmeat ca�3 result in forfeiuue af die Pro�eaty or ''.:� . --_
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<br /> 'vn the liea�creaied�y�Seruriry Iastrum�t or LeAder's secauity interest.Boaawer may wre such a • .�,�<.,%�">� .
<br /> , ••, otherwisc maieaiallY P� . � J J�,�`., �
<br /> "F��! default and reinstate,as provided in para,g�ps RB,bY cau.cm8 the aetinn or p m e�►g w b e�s s e d c v i t h a�u 1� �.� �:.��' ,'� ���_
<br /> .�:��; Leader's good f8ith dPrg�inatinn.Prectudes�r;o�re of the Boimwer's iateacst m the F..v.�rty ar orher maieiia]�r�'��ff ¢ , �: �. ,t�":
<br /> .•7 t�e;tiaa cxeated by this Se�urity Ies�ument or Le�da's���t,erest.Boirower s h a II�+b e i n d e f�l t i f B o m u w a t,�g i� ;���;;it;����': . :i . �'
<br /> ;'� loac a g piicatinn�o c�.gave m�ially fatse or inaccurate ing�:�ar st�t�ments to l.a�der(or failed to provide 3.�DC�Razta , � '€�'. �',.
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<br /> ��-� any mateaial infoIImation) in ca�mec6on with the Ioau evidemced by t�l�ot.e, inclu d mg, bnt noi li a n i�e d t o, cepxesen�io� . � E : �
<br /> .:';� oona�anmg B o r m w e r's a c c u p r�n c y o f t h e p r a p�r t y a s a p ri n c i p a l r r s i d c i w e.G f c l a i s S e�u r i ty I n s t�u m e a�t i s o a a 2 e s s c b o t d,B o r m w a r �. .; :;,=; :.��;'� :-..-.
<br /> `� ;� stiali compty with all the provicio�of the 2ease.ff Bonower acquses fee��to the Prapercy,the leaseho.d a�d the fee dde shall '
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<br /> not mage unIess Lender agree3 to r�e mezger iu writmg. ,_ . �=-�. '
<br /> -�: 7.Prot�ccNon of�.eader's Rights tn tite Property. If Borrower fa�s to perform the coveaants�d ag�eemeats contained ia _ ��i,�:�r • �`.�..
<br /> �{ �:y :,
<br /> ���'�"r thiv SaaQity Insuument,or thae is a le8��8��Y���y a�ea Lender's rights m the Prapecty(such as a _`:`•��: �y,}` .• ----
<br />� �'�- �0�+8 m�P�Y•Pro then i.ender ma do snd .`"°"�."^�:�`t`';,'`:'..
<br /> :�{ bate,for conds�:rmation or forfeiwie ar to enfamce laws or regalations), Y PaY ;� �,+�,, _.
<br /> faz whatever is ne�y to pmtect the va::r:�acf tDe Praperty and Lender's rights in the Praperty.Leuder's actions may include ����;tl�����-
<br /> : Pa�13 �Y � secmrcd by a li�ahich has priarity ovct this Secvrity Inswment,aPP��B �cAa�•PaYinB reasonable " '• `•—
<br /> ' :, ; ;�uta�eys'fees and entering oo r.�Prope:ty w malce rcpaus.Although I.er�drr may taT�.�tion under this pazagraph 7.Le�nder -�.;'��.:; --- _
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<br /> �;�t �c�s not have to do so. • ��;� �,:. T
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<br /> :��.� Any amour.�«�buised by Lender under this p�ag,raph 7 shall beco��idirional�1 of Bormwer secmred hy this Serurity ,,�.. :s�,
<br /> ' � � Inswme�� UWe�s�Boirowe,r and I.eadea agree to othea teims of paymeu�c�ese amaunts shall beaz int,erest from the date of _..::��a... . ���„ .
<br /> disbiusement at the Note tate aad shall be payeble,with inuiest.upon notice from Leader to Bonowea requesw�8 DaYmenL � _ • r "�, � ' � .��.
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<br /> �. 8.Mortgage Yasurance. If Leader required mortgage u�smance as a condlrion of�iting the loan s�eaured by this Scasity :.i:' ^"�;�,; .�.
<br /> � •,��,�• .. ;•-.
<br /> �:f Insuumea� Borrowet shall pay the premiumg required ro maintain the mortgage ins�uance in effer�t. If,far�y :eason.the � _. .� . .
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<br /> ' ���,�! mortgage insurauCe coverage requued by�L�r lapses ar ceases to be in effect.Bonower shald��:�-�t¢premiums reqnued ta '``,;.�i�'� ��,
<br /> y.�•:�: � ��
<br /> , ��� obtem covaage substantially equivaleat w st��rtgage insurence previousty in effect.at a cast sr.�tmm:9alty equiva1ent w t�e • "�� ;�.��"`;;'•�`
<br /> cast ro Borrowe�of the mo�tgaoe insu�are�e previoasty�u effect.from an altemate*nortgage ms�uer approved by l�ender. If .. ii4.; ,�
<br /> . . substaatiallY eqaival�t mortgage insur�ce coveaage is not availabk.Boaower shall pay w LeaAei each month a sum equal to -. '��. . �
<br /> on�twelfth of the yearly martgage insurn.nce premium being paid by Ba�mwea when tLe insurance oovesage lapsed or ceased tn -,;l, ' ` . ,:., -
<br /> ."�� be tn e.�fect I.er.rl�r wiU acceyt,use and Qetz:^_ these paymeats as a�ars r��re in lieu of martgaga iasurance.Loss zes�ve :`vAp;`(��.
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<br /> '.`iy. _ �,l•�{�t�I.jS,:S.
<br /> •` 5 Form 80Za 8/90 r: .. .
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