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<br /> � , 3. H�zard or Property Insurance. Barrower ahall kecp thc improvementc now exic�ing or herwftnr crccta! on the
<br />`��.}y.. Property lnsurcxi �ainct lo� by fire, howrda i�xludixl wi�hin�hc icm� "extenJcd cuvcragc" Lnd any othcr hau+nl�. 1ncludinQ
<br /> , 8aada��r floadin�,for which Lender rcquires incursuk;e.This in�uroncc shull bc muintained in thc umounts+uxl fi�r the pericxis
<br /> :, � thai I.ender re�uirex. 'Phe insuranco currler proviJing �hc iutiurmrc+hull tn rho�rn h�� purruwr�+ubjcct u� I.c�xlcr's appravul
<br /> �• which shs�ll rat 6e unreasrnwbly wi�hhold. If &�rn►wcr I'u{I, t�i muintuin coveruge de.crihed ub�we, L.ender nwy, ot Lender's
<br /> "-"� � optfon,ob�ain ca�ernge ua protect ll:nder'a �fght�In thc Pru�xny in uccurdanee wilh paragruph 7.
<br /> �° All insurunce policica wid renewula Klwll be ucceptable to l.eixler anJ ,hull include u stundunf rtxmgpge clause. I.ender
<br /> �,;,,. sholl huve the�ight ta hold the pniicics and rencwals.If Lcnd�r rcyuireti,Bcirrowcr shall pmmptly givc to I.etxlcr oll r�xeipts of
<br /> pufd premlums and renewul notices.In the event uf loc,,Burr��wer rlwll give prumpt notice to�he insu�nce c�Rier aral l.ender.
<br /> ��;,,,;,,y Lender may make praof of loss if not made promptly by Bc�rrower. `
<br /> - Unless l.ender and Bo[ruwer athcnvise agree in wrfling. insurancc proceecls shall be upplied to restoration ur rcpa�r of the
<br /> Propetty dwnaged,if thc restorution or repuir is ernnamicully feasible urxi Lender's uxurity is not IesSened. U the restorution or
<br /> �d"�:''"• repair is not econumically feasible or Lender's s�xurlty woulJ be lessened, the insurn�ue proceeds shall be applied to the sums
<br /> �ecured by thia Securlty Instrument, whether or not then due, with Any excess puid t�� Borrawcr. If Barrower abandons the
<br /> ����-�'' '� Property.or daes not unswer within 30 days u notice from I..�:nder Ihat the insurance caRier ha.c offerecl to settle u claim. then -
<br /> ��:.,�t�� Ixnder may rnllect the insurance proceeds. Lendes muy use Ihe proceals to repair or restore �he Property or �o pay sums
<br /> �+„<_.,��;�;� serured by Ihia Se�vrity Insrrument,whether ar not then due. 1'he 3(Muy periad will begin whcn the notice is given.
<br /> �ll'"�';::.,; ��Ar. Unless Lender und Barruwer othenvise agree in writing, uny applicution af proceeds lo princfpul shall not extend or
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<br /> :� • postpone Ihe due date ol'the monthly p�yments mferred to in parugmphs 1 nnd 2 or chunge the umount�f the payments. If
<br /> under pa�ruph 21 the Property is ucquired by l.ender, Borrower's dght to any insurance policies and proceeds resulting from
<br /> _� ' �-`• dnmage to the Properry prfor to the ucquisition sholl pnss to Lender to the extent of the sums secured by this Securiry Instrument _
<br /> ��'���'�'' immediately prior to the ncquisition.
<br /> � r, �� , 6.Occuponcy,Preservation. Maintenance and Pratection of the Prope�ty;Bmrower's I.aan Appllcat(ont I.easeholds. _
<br /> __. ,� : Borrower shall occupy,estoblish,und ux the PrnpeNy us Borrower's prinripal residence within sialy duys After the execution of _
<br /> - �~ : " k this Security Instrument and shull continue lo cxcupy the Prapeny us Borrower's principal residence for nt least one year after
<br /> _ �'���`��'° � the date oioccupancy,unless I.ender otherwise agr�� in writing, which consent shall not be unreasonably withheld, or unless
<br /> _�" .•.:;,..ti�� � extenuating circumstances exist which are beymxi Borrower's control. Borrower shall not destroy, damage ar impair the
<br /> -= ' � " �, , Propeny, allow the Property to deteriorate,ur cammit waste un the Property. Borrower shull be in defAUlt if nny farf'eiture
<br /> • , action ar prc�ceeding, whether civil or criminal, ix lxgun Ihat in L.enJer's gaxl fuith judgment cauld result in farfeiwre of the
<br /> �� . Propeny or otherwise materially impuir the lien cros�ted by this Security Instrument or Lender's security interest. Borrower mey
<br /> � •,�, •• �.� cure such u defuult und reinstute,as providcxl in parz�gniph 18, by causing the action or procec�ding to be dismis.sed with u ruling
<br /> -� _;.�s_!�_..-,.�� �- that, in l.ender's goad fuith determinalion, precludes farfeiture of the Rormwer's interest in the Property ar alber muterial _
<br /> __� impairment of the lien created by this Security Instrument or Le:nder's security interest. Borrower shall ulso be in defAUlt if
<br /> - � ' . Borcower,during the Iwm applicAtion prckess, gave muteriully fulse or inaccurate infornui�ion ur statements to Lender(or failed
<br /> � �h ,,;^ -. � .. to provide L.ender with any material infomiationl in a►nnection with�he loan evidenced by the Note, including.but not limited
<br /> ;;�, �•.i� to,representations concerning&►rrower's uccupanry�f thr Pmperty w u principal residence. If this Securiry Instrument is on a -
<br /> ,•.�, Ie•rsehold, Borrower shall comply with ull Ihe provisions ��f the lease. If Bormwer ucquires fee tiUe to the Property, the
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<br />- �-t�t ;c � leasehold und Ihe fee tide shall run merge unlcss l.cnder agrecs to thc merger in writing.
<br /> �t . �,i:; � 7.Protection of Lender'r Risnts in the Property.lF&�rn�wcr fuil+to pertbrni the covenants und uFrcements rnntuined in
<br /> - .. �..:;� . this Security Instrument, or there is a legul prexectiiin�thut may �ignit5cantly Affect I.ender'�rights in the Propeny Isuch as a ••
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<br /> �;:� � • � �"' praceeding in bunkruptcy, prubate, tor condemna�iun ur forfciturr�►r tei enforce taws or regulutions), then Lender may da and
<br />� , �... , pay for whateve� is necesxnry tu pnHCCt thc vulue uf thc Propeny und l.rnder's rights in the Propeny. l.ender's actions may =
<br />-�: ....,',, include paying uny sums kwuntil by a lien which hus priiiriry �wer this S��curiry tnstrument, appcnring in ruurt, paying F,
<br />-y �,c , •�:�.�; rea.u�rwble attorneys' f��Lnd entering un the Pmper.y to muke repairs. Ahhough I.ender rrwy tuke actian under this parugruph "
<br /> "'— «- �••� 7.Lender dc�es not huve ta du so.
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<br /> ,t;�;:;; 't�' Any nnwunts disbursed by Lencler under �his p�graph 7 shall become udditional debt of &►rrower secured by this
<br /> Ys, •'• "�" �• Securiry Instrument. Unl��s Bormwer und [xndcr ugrer tu uthcr trrm� uf paymrot, these umuunts+hull bear intere�t from the
<br /> � '�r�''�`� :- date ot'disbursement at the Nrne rate and �I�ull be puyuble, with interest, upc�n n.�tire from Lxnder to Borrower requesting
<br /> �� ._ •. PaYment. _
<br /> � . . ?"' 8.Mortga�e Insurunce. If I.enJer reyuircJ mung�gr in.ur,�nre a.a randitian uf making ihe I�un securc�l by this Securiry -
<br /> _ Instrumenl, Bnrrower shull pay thc prrmiums requintil to muintain the mung�gc in+urance in cftect. If, for uny reas�n, the _
<br /> =� ; ;�� mortgage insurunce cuven�ge reyuire�l hy Lcixic lapx�itt cia�es to be in efF�tit, &�rt�►a•er �hall pay thc premiums rc�uired to -
<br /> ' '° obtuin coverage substantiully�•quivulent ro thr mon�age in.uranrr previuu.ly in rfFec4 :Il:1 Ctl�l .uh�tvnti•rlly eyuivulent w the =
<br /> "' �t�".w=`��� �mst to Bormwer of the nwrtgage insur,mre prrviou+ly in ctt��.t, fnmi an altematc murtgagr inwrcr appra�•eJ by l.cnder. If -
<br /> _-�. ' +ubstunti:illy cyuivvlen�mun�,•r�c inwrancc cu�•cragr i�rnx a�•ailaMe.Burruw•er.hafl pa}•u� l.cn.icr carh month u+um eyuaf tu j
<br /> one-twelflh of thc yearly murtgagr insur.uire prcmium tr•in�:paid b}•&�rrnarr when th�in,uranre ruvrr�ge laps��l��r re:ued to �
<br /> _ `�� be in etl'ect. l.ender wilt ac��ept,u.�anJ retuin the+e �u�m�nh us a lu�. r��un•r in liru uf nwrtg•rgr in.urun�ti. Lu,. rr�n•e �
<br /> , �� '�' . . Fam 30Z8 9/90 .
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