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<br /> • ` `- � ,. •. � • • �����0 <�. . � .
<br /> `• . . S.HazaM or Pcoperty insurance. Bmrower shall tceep the improvements now existing or P�Y
<br /> ` . � msured against loss by fire, haaatds inciuded withm the te�m"ext�ded wverage"and any other hazazds.including floads or � <`
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<br />?�� IIood'a►g,for ahich Lendea r�lu�es insuranoe.lbis fusviance shall be maintained in the amounts and for the pereods t6at Leader ,� .
<br />!- . tequire.c.'Ihe iu�uance car�ier providing the ms�aance shall be chosen by Bomower sabjecx to Lender's appmval which sdall nat f.
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<br /> � Ire unneasonably withhctd. If�oirower fails to mainrau► covera8e descn'bed above,I.ender may. at Lenda's optian,ob9ain , . ".
<br /> �. _.,�-. wverage tn protect Lender's rights in the Propeaty in accordance arith pa:agraph 7. _
<br /> .. 5 --� A!1 ins�uaace Folicies ansl r�ewals shall he acceptable to Lender aad sLall inclucte a standard mo�tgage clawse.Lender s6a11 —, '_____
<br /> - , have the right w hold tae poliaes and re,newals.If I.ender requires.Bmrower st�all PromptlY give to I.eader all receipts of paid 4 -
<br />' S�. _ i premiums and renewal aodc.es.ln the eve,nt of loss.Botmwer s6aII give prompc aotice to the ins�nance carrier and Leuder.L�dea F
<br /> ' may m a k epraof of loss if not made P��P�Y by HQtrowea. E •
<br /> 's.': Unless Lender aad Bo:rower othrswise ag�:in writia8,insazance pmc�ds s1�aD 6e applied tn restoration or repair of the .. . . .`:
<br /> ' pmpe�t}r damaBed.if the resmratinn or repair is econamiwlly feasb2e and I.cader's setivrity is not lesseaed.If the restoraiion or � .�:�`
<br /> ��� ' . tepatr is not economic�lly feavb2e or Leader's security would be less�ted,the msardnce Pmceeds sha31 be applied to the sums � .
<br /> '� � s� by this 5eauiiy insnumeni. whether ar not thea dne, wi�h aay excess paid w Boirowea. If Barmwer ab�dons ttce
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<br /> `�:.. , ProPeity+•or does not answea w�hm 30 days a notioe from Ir,ndea that the msiaance caai�ha4 offered w seute a cTaIIn,the� � "`:
<br /> I.e�dea may collect the in.s�uance prooeeds.I.eud�may use the proceeds to�epair or restoie thc Properry or w pay sums secured ;�'-.�:
<br /> �_� . ' by this Securit3r Instrumeat,whether or not the,n due.'Ihe 30-day peciod an71 begin whea the noUCe is given. `,. :
<br /> � Ur�I.eudea and Borrower otheawise agree in wrmag,anY aPPlication of gmcceds to priacipal sball aot extend or postpone .: ti.: �. a ��
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<br /> :j:::' • � . the dae date of the monthty paymeats refemed w in paragraphs 1 and 2 or change the amount of the paymeaits.If undea patag�aph . .. _
<br /> �" . . . 21 the Pmperty is acqu�ed DY Lender,Bormwer's right w�y�nce poliaes aad piaceeds r�g from damage w the �.`i^
<br /> '"s;, . Insinttaaci IInmediatel ''`
<br /> �P�Y M�m the acquis�tion shall pass to I.eud�m the extent of the sums secured by tl�is Seca�ity Y `,: —
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<br /> ;:, pr;�a to tfie acqni�ion. ,`�'�=.—�=� ' ,._
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<br /> ;� ` 6.�ccapancy,Preservation,Mafmtcnance and Pmtet�oa of the Property, Borrawer's Loan AppII�stioa;I.easehotds. ;'�. ;,.`�.;�_
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<br />' •;:' Borrower shall occuPY,estabtish,and use the Pcoperty as Borrowea's priaapat resid�se within soctS►daYs after the execuuon of �',..:� ,. �A�:':::
<br /> �•�?� . , tl�is Secami�►Instrumem aad sLaU continae to oa�upy the Propeaty as Borrowea's principal resdence for at least one yrear after the .�. `*:�Y
<br /> ..�.' . . .., in writin whicb co�t shall nat 6e �onably withheld,ar untess .. ^. . �,;� °::
<br /> date of oaaipaacY.uatesv Le►id�otlterwise agr�ees g. "
<br /> ,+.� exteauariu circumstances exist wtuch are beyond Bortowea's oonuol Borrowea st�aot desttoy,damaSe or imPai�th$Pcoperty, - �'`�_''-'-
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<br /> •.;,:; � ' altow the Propeaty w deteaiosate,or commit waste on the R�uperty. Borrowea shall be in defaalt if eay forfeit�ae action or .. o
<br /> .. � �g,whethe�r civ�or cariminal.is begun that in Lender's gaod faiih judgmeat coutd result in forfeiiure of the Prope,�t�►or � �} �?*._
<br /> un the lien create�by t6is Seavriry lnstniment os Let�dea s sepuiry intaest Borrower may canre sacL a �`r�`�
<br /> �; , oihawisc matertallY PaiT i ' • �
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<br /> � defantt and refinstate,as provided in paragraph 18.by causing the actton or piooeeding 1n be dismissed witb a r�g tt�at.in :. _,•.:. ,;F,-._-.
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<br /> � � Lea�de�'s goad faith det�mination,Prec�udes forfeiwre of the Bormwer's interest ia the Propeaty or other material impairment of ',;;.:¢.
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<br />- � the lie�aeated by this Secmity Instrum�t or I.eud�'s seavity interest.Boaower shalt also be in default if Bomnwer,during the , ' •{z�.
<br />. � loan application pmoesw.Save mateaeallY fal�c or inaccurate informatinn or statements w La�der(os fa�ed m provtde l�ender with ,::;:,.
<br /> • "� a�►y mawiial iaformation) in connection with the loan evidenced by the Note.including,b�not limited to,rqttesentations !:'r,
<br />• � - conc�nmg Botrowea's accupancy of the Propeaty as a priacipal residence.If t h i s Security 1 n s�r u men t is on a l e a s e l i o l d.B o r r o w a ._ -
<br />: '�; . s6all comply with all the provisions of the leaze.If Borrower acqaires fee titie to thz Propeny.the teasehold�d the fee dtte shall •;:'�;�_� -- -_
<br /> not mage udess Lendea agrees to the meager in writing. � -=_
<br /> �r�_;; � 7.Protertioa ot Lender's Rlghts in the Propert9. If Bomuwer fails to perfomn che wvenar►ts and agcoemenm contau►ed ia .. :;,,
<br /> thLg Security Instrume�t,or there is a leSal Ptnceeding that maY s�S���Y affect Lendea's rigi�ts in the Properiy(such as a �,';';,a'
<br /> _':,�.. . ' proceeding iA banlauPtry,probate,for condemnation or forfeiture or to enforce laws or regu2ations),then I.ende�may do and pay �
<br /> for whatever is necessazy to pmtect the value of the Property and Lender's rights in the Property.Lendes's actions may mclnde • __
<br /> - � � � PaY�S �Y � secured by a lien which has priority over this Security anso�ument,aPDearing in couct,PaYing reasonable
<br /> suomeys'fees and enteruig on the Aop�ty w malce repairs.Atihough Lender may take action undea tliis paragtaph 7.Lendea ,
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<br /> , ' � does noi have w do so. •:
<br />; .'��4'�` � My amounts disbursed by Lender�der this para�aph 7 shaU become addidonal debt of Borrowea secared by this Security . .
<br /> ;��,;; . InsuumeAL Untess Borrower and Lcnder ag�ee to other terms of payment,lhese amounts sha111�r interest�°m the date of ..
<br /> dlsbursernent at the Note rate and shall be payable,with u�t�est,upon notice from Lender w 8onower reque,�tin8 paYmenL �
<br /> 8.Mortgage lnsurance. U Lender required mortgage insurance as a condidon of making the 2oan secured by this Security � � --
<br /> Insuument, Botrower shall pay the premiums required w maintain tha mortgage msurance in effec� If,for any reason, the , .� . ..
<br /> :�i.:;
<br /> ' mortgage insumnce covcaage required by I.eader lapses or ceascs to be in effect.Borrower shall pay the yremiums required w , ,
<br /> � �• obtain coverage substantially eqnivalent to the mortgage insurance previously in effect.at a wst substanrially equivatent to the ,
<br /> � ' � � cost tn Borrower of the mortgage insuiance previousty in effect,fxnm an altamate mortgage insiues approved by Lende.r. If
<br /> •� substantially e4uivalent mongage inswance coverage is not availabte.Boirower shall pay w Lend.�r each month a sum equal to . .
<br /> _ . � . on�twelith oi the yearly mortg�ge insurance premiwn being paid by Bormwer when the ins�uance coverage laDsed or ceased to •
<br /> ' . be in effect Lender arill acxept,use and retain these payments as a loss reserve in lieo of mortgage insutance•1.ass resave ' ,
<br /> `.,: �.• . .
<br /> Form 8028 9/90 �
<br />� ; � ��6V(NE7(9212).Ot Pago3o18 Initlate: . . .
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