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<br /> S. HYZSI�(� OT Pi'O�ICrty IILSUr�ifK'f. &�rrol�cr SJL�II �:Ct:�1 iI1C in1Em��cn�c:citi �xiW :X:�:;1p :.. �:......flPr nv+cte� 00 lf1C __.
<br /> Prupeciy i�uured arainst Icus by Pirc, t►az�+rds incluctcii within d�e term"extcrut�til c��vcragc" and:uiy c�thcr�wards, including
<br /> tlex�c or flexxling, fi��which l.cnct.:r rcyuires insu�urue.This incura�ue chall tk nuintuined in tl�e unx�unts:u�d f�r the periods —
<br /> t►ut L.ciuier requires. The inwranc�e canier providing the insurance shall be�ho�en hy Bc�rrc�u�er�ubje�t tu Lctxttr'�:►pptot•al
<br /> which shall ixu be unrcau�rubl}• withheid. If I3urroa�er fails to muntain co��erugc dcurisaf aba�•e. Letxfer n�y, at I�ender's
<br /> optia�,obtnin caverage to prolect Lender's rights in the Prapeny in accorclance with pan�raph 7. `
<br /> All insurafue policies and rei�ewalc slu►11 be aecept�bie tu Lenefeer arul sh�f in.i�ulc:a stnndard m.nrtgaSe e��use. Lendtr
<br /> shull ha�c the ci�ht to hold the policies and renew•rls. If Lender requires,Borrow•et shall promptly give to l.ender all receipts of �
<br /> paid premiumc and renewal notices.ln the evcnt of loss,Borrower st�all give prempt notice to the insurance carrier and I.ender. i
<br /> l.ender may maJce proof of loss if not�nade promptly by Borrower.
<br /> Unless l.enclec and Bc�rrower otherwise agree in writing,insurance procetds shail be applied to restoration or repair of the
<br /> Property dan�aged.if the re�toration or repair is ecanomically feasible and 1.ender's security is not lessenod.lf tl�e restoration or
<br /> repair is not econonucali� fe�sible or Lender's security w�ould be lesseneci.the in.wrance procceds shall be applied to the sums
<br /> secured by this Security Bnstrumcnt, whettue or not then due, w�ith any excess paid to Bonow�er. If Bormwer abandoac the
<br /> F�operty,or dc�es nat�ncv►er within 30 days a notiee froni l.end,e:�at che i�uuran�e estrcier h�c offered to settle a elaim,then
<br /> T�.en�:;r may C��".?eii L'�u insutstnce proceed�. Lender may use tF�?ucx�z�.'ds to rPptir or restore the Prapercy ar to p►y cu�
<br /> secure.�by this Secunity Instrument,whether or nat then due.'I'ta�3t1-�3ati ,peritki wil!�egi:��tev:a the'noi�ce��ei��e�.
<br /> t'aless L.e�ier a�u� Barower othen�ir•c agr� �n writing. un�• a��i,:ation oP pru�:K3s ta principa[ st�a11 tk�t�xt� ot
<br /> postpone the duP date of etie tinonthl�� pa>me:its cef�a;�i to in paragra�:� S �?��r�:'san�.e the amour.���J'c,"� �a},nr�ts. If
<br /> under para�,r�h�t the Property is��;ui.-��d by^Len�ter.Borrow'er s right to any insurance p��75;ies ancl praceeds resultitt�c from
<br /> dumage to the Property prior to the x:�uisitio�i shall pass to Lern�r to the extcnt of the wms secured by this Security Instrutaent
<br /> immediately prior to the acquisition.
<br /> 6.Oocupancy.Preserration,Aisdntenance And Protectioa of tbe Property;Barrower's Loaa AppUcAtion:Lwselwlds.
<br /> Borrower shall occupy,e.ctablish,and use the Property as Harrower's principal residena within sixty days after the execution of
<br /> this Security Instrument artid shall continue ta occupy the Propeny as Ba�rower's principal residenct for at least one year after
<br /> the date of occupancy.unleu Lender otherwise agrces in writing. which wnsent chall nat be unrcason�bly withheld, or unless
<br /> eztenuating circumstances exist which are beyond Bormwer's control. Borrawer shall ruu destroy, clarnare or impair the
<br /> propfrty. �Ilow the Property to deteriurate. ar commit waste an che Propeny. Borrower shall be in dcfault if any forfeituto
<br /> action ar procading, whether civil or criminal,Iti begun thal In L�ender's good f�ith judgme�u m+�ld result in forfeiture of the
<br /> proptrty or othervvise materially impair the lien crcatod by this Secu�ity InstrumeN ar Lender's security interai. Borrower m�Y
<br /> cure such u default and reinuate,us providod in pangraph 18.by causing the action or proceeding to be dismissed with a tuling
<br /> that, in Lender's gcioci faith determination, precludes forfeiture of the Borrowe�'s interest in the PropeKy or other m�terin!
<br /> impaimXnt of the lien created by this Security Insttument or l.ender's security interest.Borrower sl�ll also be in default if
<br /> Bortowu,during the loan application process.g�+ve materially false or inaccurate information or statements to Lender(or failed
<br /> to provide l.ender with any material information>i�connection with the lou�evidenced by the Note,including.but not limited
<br /> . to.represet►tatioac conoerning IiO�TOwt�`s occupancy oi ine Frvpc�iy w a Yr�t�::Ea!r�-iL'.°.so�. If llnis SM+srity Incrmment is on a .. . __ _
<br /> leasehold. Borrower shall comply with all the provisions of the lease. If Borrower acquira fee tide to the Pcupet3y, the
<br /> leasehold and the fee title shall not merge unless Lender agrees to the merger in writing.
<br /> 7,Protectloo of Leader's Rights tn the Propecty.If Borrower fails to perform the mvenants�nd a�roements contained in
<br /> this Security Itutrument. or there is a legal proceeding that may significantly affat Lender's rights in the PropertY (such as o
<br /> , pro�ie�in b�njcruptcy,proHate, f�x conclenu�ation or forfeiture or to enforce laws or re�ulztions), then Lender may do and
<br /> � pay fa-�Katever is i�ecessary to pn�tect the value of the ProQertv and Lender's rights i� ttY�Properry. L.ender's actio►�s may
<br /> �nc��de paying any sums sccured by a lien which has priority over this Security Inurument. �ppearing in court. paying
<br /> c�asonable attomeys'fees and entering on the Property to make repairs. Although L.ender may take action under this paragraph
<br /> 7,I.�ader does tat have to do so.
<br /> Any anwunts disbuised by Lersder under this pzragta�ir. 7 shzll become addirionai debt of Borrower secu►�d by this
<br /> Security Instrument. Unless Borrower a�d Lender agree to ot8�ir terms of payment.these�awunts shall baar intenst from the
<br /> date of disbursement at the Note rate and shall be payable, with inusest.upon notice from l.ender to Borrowu rcquestin�
<br /> . paya,ent.
<br /> $.Most�age Iacuranoe. If Lender requirod mortgage insurance as a oondition of m�tcing the laan secured by this Securiry
<br /> Inst�ument. Borrower shall pay the premiums required to n�intain the mortgage insuru�ce in effxt. If. for any m,�con, tho
<br /> mortgage ir�urance cover�ge required by Lender lapses or ceases co be in effect,Borrower shall pay the premiums required to
<br /> obtlin coverage sutxstantially equivalent to the mortgage insurance previously in effect. at a cost substantially equivalent to the
<br /> cosi to Borrower of the mortgage insurance previously in effect, from an a&�..~rnate mortgage insurer approved by Lcnder. If
<br /> wbstaniially equivalent riwrtgage insurance coverage is not available,Borrower sha11 pay to Lender each month�sum cqual to
<br /> one-twelfth of the yearly mortgage insurance premium being paid by Borrower when the insur�nce oover�Be lapsat or ceased to
<br /> be in effect. Lender will accept,use and retain these PaYments as a loss reserve in liw of mortgage insurance. Loss reserve
<br /> Form 3028 9/90
<br /> Pap�3 ot B
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