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<br /> . S. Hu�.urd or 1'ropc�ty lnsarancc. F3orrou•cr shull kccp thc impr�wcnuniti nuw cxisting ar I��realicr crccted on thc
<br /> Pmperry insurcd aguinst lu++by firc. hi�iaudti includcJ within thc tcrm "cxtcndcd cuvcri►�;c"�tnd �.tny uthcr hn�urds, inciuding
<br /> . floudti or floi�ding, for which l.endcr rcquires insurnnra This intiuruncc shall hc muininincd in tlic tmiounts iind ti►r�hc Exri�xls -_
<br /> that Lcndcr rcquire,. Thc inturanrc carricr prot�idinb dtc insuratfcc shall 6��hosctt hy Burnm•cr subjcct in Lcncicr', :ipprnvcil
<br /> .!{L which shall nut Uc unrcuyonably withiuld. If�urrowcr fuils ti� maintnin cuvcrugc dc+cribcJ cibnvc,l.�ndcr may, .0 l.,cndcr's
<br /> w option,��biain covcragc tu protcct Lcndcr's rights in thc Property in uccordancc with paragraph 7.
<br /> . •`^'�'^�; All insurunce pulicics and renc�vuls shull bc ncceptublc w I.cndcr und shull ir.cludc ,i standurd mortgugc cl�wsc. I.cndcr =
<br /> shall have thc right to lu�l�i thc pi�licics unJ renew;ds. U Lendcr rcyuires, Borrawcr shall promptly give tn lxndcr ull rcccipts��f �
<br /> paid premiums and renewal notices. In the event i�f loss,Borrower s►iull�;ive prompt notice ta ihe insurance carrier and Lender. _
<br /> '�'•` � Lendcr ma��makc proof uf loss if nut n2adc promptly by Borro+vcr. -
<br /> �� Unless[.endcr and Borrower��thenvisc ugree in writing,insurunce proceeds shall be uppli�d to restoratinn or repair nf the =-
<br /> Pro en dama ed,if the restnratiim or re air is ecunomicall fea.,ible and l.ender's securit iti not lessened.lf thc restnr�tion or �``
<br /> • �+• P Y S P" Y Y - _
<br /> ,n repair is not economically fcasiblc or C.endcr's securiry would bc Iesscned, the insurancc pmcccds shall bc applied to thc sums =
<br /> • secured by this Securiry Instrumcnt, whcthcr or nat thcn duc, with uny cxccss paiJ ta Borrowcr. If Borrawcr ubandons the =-
<br /> ��`?• ' Property, ar dacs not answcr within 30 dnys a noticc from Lcndcr that thc insurance currier has offercd to setde a claim, then =
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<br /> -�.,;..,;;•),;,�t;F Ixnder may collect the insurance proceeds. Lender may use the proceeds to repair nr restore the Propeety or to pay sums --
<br />;;;•�}.;'.'� secured by this Security Instrument, whether or not thcn due.The 30-day period will begin�vhcn[he no�icc is given �_
<br /> :-.,_�•,.;_.;' Unless Lender and �orrower athenvise agrec in writing, any upplication of proceeds ta principal shall not extend or _
<br /> �°y`""� postponc the due dute of thc monthly payments rr,fcrrcd to in parugraphs I anJ 2 or change thc amount of thc payments. If
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<br />;�;:;..,, .° , under paragraph ZI the Property is acquired by Lender, Borro�vcr's right to any insurance policies and procceds resulting from �
<br /> °•{�'?��' , damage to the Propeny prior to the acquisition shall psss to Lendcr to thc extent of the sums secureci by this Security Instrument ,�._
<br /> _ .,. :,""• immediately prior to the acquisition. '"
<br /> �°� i,� 6.Occup�x�cy, Preservation,Malntenunce and Protection of the ProNerty;Borrower's Loan Appl[cutioR; I.eaiseholds.
<br /> �;%i�;�� Dorrower shall occupy,establish,and use the Property as Borrower's principal residence within sixty days ntter the execution of -_
<br />:`.:�t '• this Securiry Instrument and shall continue to occupy the Property as Borrower's principal residence for at least one year aRer
<br /> - - the date of occupancy,unless L.ender otherwise agrees in writing, which cansent shall not be unreasonably withheld, or unless
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<br /> -_';,;;.�,y. ��tenuating circumstances exist which ure beyond Borrower's control. Borrowcr shall not destroy, dumage or impair the
<br />-- " '''' Fruprriy, aiiuw inc Prupe:riy tu ueieriuraie, ur couunii wusie un ihe Properiy. Burruwcr siiaii or in uCiauli ii:u�y iuricituce
<br /> f.��^�����'}� action or proceeding, wheti�er civil or criminal, is begun that in Lender's good faith judgment could result in forfeiture of the
<br /> ?;��� �. � Praperry or othenvise materially impair the lien created by this Securiry Instrument or[.ender's securiry inrerest.Bottower may
<br /> ����,. cure such a default and reinstate,as provided in paragraph 18,by causing the action or proceeding to be dismissed with a ruling
<br /> '•� that, in C,ender's good faith determination, precludes �orfeiture of the Borrower's interest in the Propeny or other material
<br /> -_ -_�_�'�`_"' impairment of the lien created by this Security Instrument or Lender's securiry interest. Borcower shall also be in default if
<br /> --=:°a't`� Borrower, during thE loan application process,gave materially false or inaccurate information or statements to Lender(or failed
<br /> - =�»� to provide Lender with any material information)in connection with the loun evidenced by the Note.including,but not limited
<br /> �"�!��''�'�"� to, repmsentations concerning Borrower's occupancy of the Property as a principal residence.If this Securiry Instrument is on a
<br /> _"-`="��' leasehold. Borrower shall comply with all the provisions of the lease. If Borcower acquires fee tide to the Property, the
<br /> _�—___� leasehold and the fee title shall no!merge unless Lender agrees to the mcrger in writing.
<br /> ---� 7.Protectian of Lender's Rlghts in the Property.If Borrower fuils to perform the covenants und agreements contained in
<br /> �.-- this Security Instrument, or there is a legal proceeding that muy significantly affect Lender's rights in the Property (such us a
<br /> procecding in bankruptcy, probate, for condemnation or forfeiturc or to enforce latvs or regulations),dien L.ender m;ry do and
<br /> --- -�— pay for whatever is necessary to protect the value of the Property und T.ender's rights in the Property. [.endePs acuons may
<br /> include paying any sums secured by a lien which has priority over this Security Instrument, appearing in court, paying
<br /> — re��sonable utrorncys' fees and entering on thc Property to make repairs. Although Lender may take actic>n under this paragrap�a
<br /> ---�— 7,Lender does nat have to do so.
<br />���� Any amounts disbursed by Lender under this para�gruph ? shall become additional debt ot Borrower secured by this
<br /> - -- Security Instrument. Unless Borrower and L.cnder agree to other tcrms of payment. these umounts shall bear interest from the
<br /> -=___-= date of disbursement at the Note rate and shal! be puyable, with interest, upon notice from Lender to Horrower requesting
<br /> - ---_. payment.
<br /> �--�,�,—� 8.Mortgage Insurnnce. If Lender required mortga�e insurance as a condition of making the loan secured by this Security
<br /> -____,� Instrument, 0orrower shall pay the premiums required to maintain the mortgage insurance in effcct. If, for any reason, the -
<br /> �-��=m�,.. mortgage insurance coverage required by Lender lapses or ceases to be in effect,Aorrower shall pay the premiums required to
<br /> --- _,:°�-���'� obtuin covernge substantially equivalent to the mongage insurance previously in effect,at a cost substantially equivalent to the
<br /> -°��^'!'-`��'��t` cost to Borrower of the mortgage insucance p-eviously in effect, from an alternate mortgage insurer approved by Lender. If
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<br /> _._,;+.N� substantial ly equivalent monguge insurnnce coveragc is not available, Borrower shal! pay to Ixnder each month a sum equal to
<br /> �"�-`'���.'� �' one-twelfth of the ead mort a e insurance remium bein aid b Borrower when tlie insurance covera e la sed or ceased to
<br /> _::.a���:. Y Y S S p U P Y B P
<br /> `-,:;:;-�;;i}M`t; . be in effec:t.Lender will accept. use and retain thesc payments as a loss rescrve in lieu of mortgage insurnnce. Loss reserve
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<br /> _•;= •,;v�;r
<br /> - Form 3028 9l90
<br /> . ::�,.��} Pago 3 0l 0
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