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<br /> ' ...� S. Ha7ard or�ra�mrty Iasuraac� Borrower shall kcep the impmvemeau rcaw euis[ing or hemafter eraxed on the =�•-`: `` , �
<br /> . ` Pmpetty ir�sv�d against toss by fire. hazards incIuded within the term 'exteaded coverage°aad any other harard4.inct�ding � �.�' :��e '..
<br /> .�.� .�
<br /> .. .. t�oods or ttaodiqg. [or wivch Lender requires insurance.This insurance sha!!6e maiQtained'm the amounts and for the periods _'•:G�: � 4�� '; �
<br /> ` ' t6at Lender requites.The insutanre carrier providing the insarar►ce sl�all be chosen by Borrowec subjea tu Lender's approval C� ` �.;` `. '� ,
<br /> ��' „�`�' : f�: r: which shatl not be unreasonably w[thheld. If 8nrrower fails to mainta[n ooverage desseibeA�bave. Lender may, at!ender's � �:"�,�:..�•,..
<br /> u� . oytton.obtain coverage to protect Lendes's ri�hts in the Property in accQrdaace wit6 paragraph 7. � '' < ,
<br /> � All insurance oticies and renewals shall be acce table to l.ender and sball include a standard mort . '° �
<br /> P P Bd�e ctatise. Lender� � .
<br /> � _ � shall have the right to hold th�policies and renewals.If Lender requires.Borrower shall promptly give to L.ender all m.ceipts of� ��`` `�'::
<br /> t � patd premiums mid renewal notices.In tRe event of loss.Borrower shall�ive prompt notice to the insurance canier and Lendet. �� p °` �� �
<br /> ��a Lendec may make proof of loss if not made ptomptiy by Botrawer. <i �
<br /> ` Unless Lender aud Horrower otherwise agree in writing,insurance pmceeds shall be applitd to resta�ation or repair of the� , a '�S �
<br /> -� Property damaged,if tke restaration or repair is ecanomically feasIble and Lender's security is not lessened.If the restoratioa or ' ,
<br /> ��' . " repair is not ecosromicalty feasible or Lender's security wonld 6e tessened,the insurauc;e proceeds shall be applied to the sums . � - --
<br /> �" secured by this Sac�uity Inswmen�.whether or not then due, witb any excess paid ta Bomower. If Borrower abaadoas the " " '� =� -
<br /> .` <z ,��`t..;,•;�i:::..
<br />" �� Property.or does not answer within 30 days a notice fmm Lender that the insurance carrier has offem,d to seale a claim.then � ' �--
<br /> ��;" Gender ma ';';�-
<br /> . . , y coltect the insurance proceeds. Lender may use the praceeds w repa'u or restnre the Property or to pay sums -
<br /> .< : ��<<� secured b dvs Secwi Instniment,whether or wt Wers dae.The 30-da 1� . .;�'^��_
<br /> y ry y period vw"Il begin when the notice is given. _
<br />.- ' .. r Qnless Lender.and Borrower otherwise agree in writing, aay appliqtion of proceeds to principal shali not extend or - -
<br /> . ' t ' . postpone the due date of the montlily payments referred to in paragraphs 1 aad 2 ar change the amount of the payments. If ' � _
<br />- . s � under paragraph 21 the Property is acquired by L.ender.Boaower's right to any insurance policies and praceeds resulting from " _-
<br /> • � � ' ���� damage to tlte Praperty prior to the acquisidon shall pass to Lender to the extent of the sums secured by this Secvrity Instrument •�.�:�_-�__
<br /> ��, _ .F`�,�. immadiaiely prior to the acquisition. `` --
<br /> - , � 6.�Cdapancy,Preservation,MatnYe�an,oe and Pmtedion of the Property;Borsower's Loan Application;I.easeholds. ;����'`�"`
<br /> ,..,�::...:;.,. ,_:'_s;,�` Borrowersiiaal!o .t. .:�_-_,__-_
<br /> ._;,} ecnpy.estabtis6,and ase the properry as Borrower's principal residen¢e arithin sixty days after the execution of _•: -�_
<br />_ . • , ' � this Security Instrument attd shaU cantinue to occupy the Pcoperty as Borrower's principal residence for at least one year after -. .. __ -
<br /> . . the date oF occupancy,unless Lender otherwise agre�ia writing,wluch cansem shall not 6e�nreasonably withhetd.or unless `-:i:;,:�.,€�-�
<br /> �� eatenuatin circ�unstances exist which are be ond Boaower's conuol. Borrower shall not destro . � � �T=�
<br /> �;• {t S Y Y �Se or impair the .;-;1;�..� --
<br /> _ Pcoperty.allow the Property to deteriorate, or wmmit waste on the Property. Bomower shall be in default if any forfeitutie — �
<br /> . " ��' '¢ action or roceedin whether civi!or criminal,is b un that in Lender's ood faith"ud ' -
<br /> P S• � g � gment coutd resutt in forfeiture of the
<br /> �P�Y or otherarise materially impair the lieu creaied by this Secarity Insuusneni or Lender's security interest.Borraa�er.may �
<br /> .,�� �:. wre sach a default and reinstate as rovided in °`� -=`='�=-
<br /> , p paragraph 18.by causmg the action or proce�ding to be dismissed urith a ruling � .��,:,.__
<br /> `� t6at, ir► Ixnder's good faith determination, precludes forfeiture of the Borrower's interest in tHe Property or other material ��"�
<br /> ��s� �.-
<br /> ', • impaiAnent of the lien cr�by this Security In.mument or Lender's secvrity interest. Borrower sha11 also be in default if -t��::_..—
<br /> ,,-��_-_�
<br /> - • Borrower,during the loan appGcation pracess.gave materially false or inaccurate information or statements to Lender(or failed ,...�,...�.._.-
<br /> ' ' to provide Lender arith any material informarion)in connection with the loan evidenced by the Note.including.but nat limited �`• 'fi"�`�� � "'�m"°�
<br />- �.` :� , :.�..., :•:�_._.
<br /> � � to.representations conceming Bosower s occupancy of the Property as a principa!residence. If this Secusity Instrument LS on a , �-�� �=3
<br /> teasehoid, Borrower shall co I with all the rovisions of the lease. If Borrower a " ' �
<br /> , . �P Y P cquires fes titte to the Property. the ��� �,•_�
<br /> • : •ir leasehold end t6e fee 6tle shall not merge unless Lender agrees to the merger in writiag. • ;',:�;:,,.�f._�.
<br /> • , 7.P r ot e c t ton o f L en der's R ights in We Property.If Borrawer fails to perform the covenants and agreements contained in - ` _�_-
<br /> ' ._ this Security Instrament.or there is a tegal proceeding that may significandy affect Lender's rights in the Properry(such as a `° -
<br /> = procxeding in bankruptcy,probate, for oondemnation or forfeitare or to enforce laws or regulations).then Lender may do and . � ��.:-_.
<br /> ' pay fof whatever is necessary t�protect the value of the Pro °-�"' '
<br /> perty and Lender's rights in the Property. I.ender's actions msy ;, ,:.,�;.,:.'
<br />- , inctude paying any sums secured by a lien which has priority over this Security Instrument, appearing in es�rt, paying �•••� ;_r;__� ':
<br /> reasonable attorneys'fees and entertng on the Property to make eepairs.Although Lender may taice ac�on under this paragraph :;`;�;�.,••--
<br /> . � . . . ' • 7.Lender does not have to do so. , - ---
<br /> , " Any amo�ts disb�used by Lender ar.�er this para�raph 7 shal! become additaonal debt of Borrower secured by this '.'-".'��= -
<br />' 1 ..... " rnie�YiNiia
<br /> ;; ' Security Instroment. Unless Borrower and Lender agree to other terms of payment,tfi.ese amounts shall bear interest from the � _ ----
<br />- � ' . date of disbursement at the Note rate and shall be payable, with interest. upon noti:e finm Lender to Borrower requesting -- ---, r, TTM!
<br /> . • payment. . . _,.c - -_ -
<br /> . ...,:;.;`,°: -
<br /> -� •. . � 8.Mortga;¢Insurance. If Lender reqaired mortgage insurance as a candition of making the Ioan secured by this Seturity • ' _'
<br /> • . Instrument, Borrower shall pay the premiu�s required to maintain the mortgage inseirance in effect. If. for any reason, the -- -
<br />�%•: " . . • '� mortgage i�sutance coverage required by Lender lap.�,es or ceases to be in effect. Bono:ver shall pay the premiwas required W �,;;;.� �:� "
<br /> obtaIn caverage snbstantially equivalent to the mortgage insurance previonsly in effect, at a cost substandally equivalent to the " :;`E�: ' � � '
<br /> . �,._• ..
<br /> . ,. . cost to Borrower of the mortgage insurance previously in effect. from an altemate mortgage insurer approved by Lender. If � ��
<br /> , . � substantially equivalent mortgage insurance coverage is not available.Borrawer shall pay to Lcmder each month a sum equal to � • � ��
<br />:e:�� one-twelfth of the yearly mortgage insarance premium being paid by Borrower when the insurance coverage lapsed or ceased to • - '" �
<br /> � ;. , � � . be in effect.l.ender will accept.use and retain these payments as a loss reserve in lieu of mortgage insurance. Loss reserve ' ����"�
<br /> � • Form 3028 9l90 •
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