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<br /> ; 5.i�a7srd or Property Insmanc� Botmwer shall keep the impmvements now existing ar h�aected on the Pcopeaty ` �.`:
<br /> � • ins�ed agamst lass by Sme,6a�ar+ds mcludefl w�hin the term°exte�ded oov�age"and mry oiher ha7aids,incl�ding ttoads or ' " •. :�. .,�
<br /> • , � fInadmg,for which Leadea nquires m�••Rn� Ttis ins�rance shaII be maintained in the amoaats and for the peliads that Lrndea . .
<br /> ,' ` . req�cs.lhe ms�uance casrier providing the ins�uance sBaU be chos�by Borrower subject to Leaeder's approval wh'sch shall n �
<br /> req 'cs. �
<br /> - be anmasonably wiihhetd. If Bormwer fa7s tn maintaia coverage descnited above. I.ender may, at Ltader's option,obtaip� , .
<br /> f � . . - covuage m gmtect Lender's rightc in the Propeny ro accordance with paragraph T. . '. �
<br /> - AU iasu�ance pnlicies and renea+als shall be accepiable to L.ender and shall iaclude a standard mortgage clause.Lettder sf�all� ,. .-.�.� =° ::
<br /> : -- -- - = have tt�rig�t to hald the patides and rea�ewals.If I.ender req�.Bor�ower sbail P��9 A�c to Ieuder a!1 nceipi�of paid��,, ; - ` ---;---`
<br /> . � . prcmiums and renewal aotic�s.In fhe event of toss.Bmrower shall give pmmpt aoticc to tbe�ce raaier and Lend�.Lend�� r . � ��.' .
<br /> � �i may►mak+e proof of toss if aot made prompity by Borcow�. �11 •- i .
<br /> � UNess Lender and Bortower othciwise�gree in writing,insurancc pioceeds sl�all be applied to restotarion or repair of th� ,�, ,`� '' •
<br /> - � � �F�Y�5�.i f t A e res w i s�o n or repair is ecorto m i c a lly f r�s i b 2 e a n d l.e�d e r's sec�uiry is aot Ie�ened.lf tbe r�cmrati�on o� _: . `x���_ : ��.
<br /> rcpair is not economi�ally fqsible or 4ender's security waWd be iessened,the insurance psocxeds shall be apptied m the sums • .
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<br /> - secumd by this Sesiuity 1'nstrument�wheth�ar aot the�duc, with ar►y eacess paid to Boimwe,r.1f Boimwel abaadons ths
<br /> � � PraPeny►.or dacs rtot answer within 30 days a rtotice from Lcnder that the insulance carrier has offered to seate a claim,th� .. � - .
<br /> � . Leader may colte�t the inseuaace proceeds.Laid�may nse the pmceeds tn aepair or mswre the Rapaty or ta pay s�as sec�ued . ' `;��,�:
<br /> DY►lus S�uritY Ins�umeat.whether ar aot then due.lfte 3Q-day periad will begia when the notice is give�. �� �
<br />'�, .. UNess[.ra►der m�d Borrower otberwise agree�writing,any application of pmceeds to principal shaII not extend or postpone --
<br /> '• , 1 the due dare of the monthly paymeats referred tn�pa�grapds 1 aad 2 ar change fhe amount of the paymeats.If onder paragtaph . , . :��`�-
<br /> ;r 21 the Property is acqu�red by Leudes. Bmrowea's rig6t m aay iAS�uaicce pniicies and pmceeds resuIting from damage to the ' . ", ;{;��
<br /> . Propcaty p�ior tn the acquisition shaU pass w Leaded to ihe exoeat of the sums secvned by Wis Security InsWmeat immediateiy . "� �:
<br />- prioroothescqui4aroa .. ...' _� ' - ._�:_=
<br /> . " .. 6.Ociupancy.Preservation,Maintenance aad Protectlan of the FroPert9; Borrower's Loan ApplltaHon;II.easehoids. -.' --- �`
<br /> _ . Basmwer s5all oxnpy�esta6lisb,and ase the Praperty as Boimwed's pr�pal residence aritbin sixty days afrcd the e�cecudon of , . • •�/','
<br /> this Seciuiry Inst�e�t and sha11 contutae w occapy the Pmpeacy as Somnwer's � `' .: �``:`���
<br /> P���dence for at Ieagt one year after the ;. t.:�:::::�:
<br /> . date of ooaqnacy, mrless Leader othetwise agrees m writmg, which conseut shall not 6e unreaSOnably withheld, or ttn2ess • .�s4•°•'�
<br /> . .. : ext�uuanng cim�mstances pdct a+hicD are beyond Bottowe�s conmoL Bomuwer shall not destroy,damage or impa'u die PraPeatY, , .,.�;-�._ ,;.:�.
<br /> aliow the Ymperiy w det�iosate�or commit waste on the Propeaiy. Bormwer sUall be ur defautt if any forfeiwre aclion or - -
<br /> _ ' - � PnnceeQmg.wheth�civ�or crunmal,is beg�m t6at iu L�atdar's good faith judgment conld resvlt ui forfeiaue of the Prapeaty or .`�r._:�--
<br /> • othe�adse mar�ialty impa�r the liea cmated by this Sectuity Iasuum�t or Leaidea's secarity intere.4r.Bmrower .�•p��:�,.
<br /> ; L may aae snch a ,•.�.'
<br /> ;�� , de.fantt and reiastate,a�provIded in paragraph 18,by canstug the apion or pmceed�g to be dismissed with a rnling d�at,in _.._ �- ,;`;`�.:�
<br /> _�.r Lee�der's good faiib detenn�ation.Precludes fo:feauae af thc Barmwea's iut�est in the Prop�ty or otQer material impaument of - . - '-;��;-
<br /> , tbe tien created by t1�is Secauriry Inswment or Lender's seauity mteaest Borrower shall aLso be�default i��onowea.d�uing the '::
<br /> . . � 10�applicatian process.gave materially false or inacanrate mfom�ation or s�nents w L�nder(ar fa�ed to pmvide Latdea with `r
<br /> ' � any marc�ial inf�rmarion) in connec6on with the laan evidenced by the Note. includ"mg,but uot limited m. �epresznmtions �,ar�
<br /> � . . . concerning Baaower's occupancy of the Propeaty as a princ�pai residence.If this Securiry Insuuraent is on a leasehold.Brnmwer -- � °� __
<br /> svall comply aritb all the p�ovisions of the lease,if Brnmwe�acqnires fee title w the Propeny,the leasehoi��d the fee d@e s4all � �::`��'`
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<br /> '- __.-� :--- noi merge miless Leuder agrees io 1he merger in writmg. ;� . ,�.--.:-�_�`.;?�;:_
<br /> . '. 7.ProtecGton oY Lcader'e Rigbts in the Property. If Bmmwer faiLs W perform the coveaants and agreements contained in ' � • ` =�,_
<br /> ; � this S�ity Insonunen6 or there is a Iepl P�8��Y�A�candy affect Lender's rights m the ProPe�ty►(such as a . � � �.�-
<br /> proceeding in baniauptcy,probate,for arndemnation or forfeidue or to enforce laws or regulations),then Lendea may do and pay � �' � ���'
<br /> � t . ' for whatever is necessaryr to protect the value of d�e Propeaty and Lender's rights m the Property.Leatdea's actions may irtclude • �• � �,.:�.:
<br /> - - � • PaJ+�S�Y sums setu�ed by a lien whicb has gsiority aver thig Securety Insm�men��g in coia�¢.paying reasflnable . .
<br /> _ auomeys' fces and ente�ing on the Fropesy w make repairs.Atthough Lender may take ac6on nnder this parag�aph 7,Lea�der • � .
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<br /> daes not have m do so. . .
<br /> � . . Any amounts disb�used by Lend�under this paragraph 7 shall become addidnaal debt of Boirower secured by tLis Security . ' ,• .
<br /> _ Instrument Unless Bormwer and Lender agcee to othe,r uxms of payment,tDiese amounts sLaU bqr intsrest from the datc of �
<br /> ' .j disbu�semwt at the Note rate and shall be payable.�h inte�est,opon aotice from Latdei W Bonower reqn�g PaYment � . ' ..
<br /> S.N➢ortgage Insurance. If l�ender reqt�ed mortgage instuance as a condition of making the Ioan seaued by this Seciuity � ' . " � "
<br /> I n s u a m e n t,B o r m w e r a 6 a 1 1 p a y t h e p r e m i�u n s r e q u i r e d t o m a i n t a i a t he mo Rgage insurance in e f fect I f. for any reason. the ;' � . '•:
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<br /> - mortg�ge ins�rance cove�age req�ired by I.ende,�lapses or ceases to be in effecL Bonower shall pay the pr�niums required to ��`
<br /> . obtain coverage subsmntially equiva2ent to the�ahgage insurance previously in effect,at a cost subst��lly equivatent m the � �
<br /> � � cost tn Borrower of 1he mortgage insvrance prev�onsiy in effect,from an altemaic mortgage insura a�,oved by Leaitder. If .
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<br /> -t� substantiaUy equivatent mortgage insurance coverage is not available,Borrower shaU pay to Lender c�cY�r.sonth a sum equal to . � :
<br /> - � on�twelfth of the yearly moitgage insur�►ce premium being paid by Borrower when the inswance coverage lapsed or ceased to ' '
<br /> • � ; be in effect L�nd�r will acce.pt, use and retain these payments as a Ioss reserve in lieu of mortgage insurance,Loss re,serve •� :
<br /> ':`' I �-BA�NE)tez�s).o� PA 03018 Form8028 9/90
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