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<br /> . _ . � . . RE RECQRpE��-10��4� 96- 148F�n � � : � � .. `:y.
<br /> • S.H�zard or Propeirty Insnrnnce. Boirower shall?ceep the improvements now existing or hereafus er�on the Propeny r', .. - ----_- -
<br /> insured against loss by fire, hazards included within the term"extended cxivesage" and any other hmards,including fIoods or �I ,
<br /> tlooding.for which I.euder reqUaes insurance.This insiva►ice shall be maintain�tl in the smuunts and for the pesiods tluit Leitder
<br /> requi�es.'I&e insurance;,aaier providing the insuiance shafl be chosen by Boirower subject w Lender's approval which shall not f , , , —
<br /> f ' tn maintaan covetage d�scribed above. I.ender may, az Lender's optian, obtain `� ._�
<br /> be unr�sona�ly withheld. If Bo�rower ails �,
<br />.- coverage w protect Lender's rights in the Propercy m ascordanse with paiagraph 7. , - , - . . -
<br /> � All insurance policies atid renewals shall be acceptable to Lenda aad shall include a standard mortgage clause.Leatder shall ' , �
<br /> have the right to hold ihe policies and renewaLs.If Lea�er requires.Borcower shall pron►PdY give to Leadea all ce�eipts of paid ; . ,
<br /> premiivas and renewal notices.ln the eyant of lflss,Bosrow�shall g'rve procupt norice to the insurance caaier and Lender.Leaider � .' ' . , . -.
<br /> may mahe proof of loss if aot made pmmpfly by Borrowe.r. ���lied to nsroraaan or repair of the � � .
<br /> Ilnless Lender and Bosower atherwise agree in writiag,insuisnce Proceeds • . --
<br /> �P�Y d�aed.if the resaniation or repau is economically feasb�e and Lend�'s seauiry is no[les�ened.If ehe ressnration or - - ,
<br /> repair is��t economit�ily f�sble ar Lender's security would be lessened,the insurance proceeds shall be a�lied ro die sams . : . ; :
<br /> secared 6Y this SecuritY Instrumeut,whethea or not then d¢e, with any excess paid to Horrower. ff Borrowu abandons the � � ,
<br /> . property,or dnes not answer within 30 days a natice from Le��r that tf�e insurance carri�has�ffered tn settle a clai.m.t1�en °-•��"°'
<br /> Leader may collect the u�surance proceeds.Lendear may use the proceeds[o repas or ceswxe the Property or to pay siuns secared -.:�-•_-�-�:
<br /> •�a,:'�', ..�•
<br />, by tLis��rity Instrameut,whether or not then due.'I1ie 30-daY Peaiod w71 begin whea the notice is given. • . `.. - " ..� .
<br /> � U�Lwder and Borrower otheawise agree m wtntiag,anY aPPlirauon of proc�eds to priuc�al shall not e�cteud or posqsone '�
<br /> the due -�°of the monthlY PaYments refened to in paragrapbs 1 and 2 or change the araount of the payments.If under parag�aph . .' ,,�., ,s:-.,
<br /> �'��.�—.
<br /> ' 2 1 t he P r o p e s t y is a:.�uired by Lendci, Borrower's right to aay iasivauce policies and psoceeds resWiing from damage w the _ j- `�: +��"
<br /> r"=.• -
<br /> properry piiar to�:��^uisitinn shall gass m Lender to tt�exteut af t�ne sua�sea�ed by this Serauity Inswm�t imm e d i a t�ty . .. . -L.9_M���.�°,�
<br /> prior tn t3r�acqnis�m• �: } �
<br /> I�ratIon.l.eateholds. �'. .,--
<br /> 6.�,�auey.PresesvaHoa,Ma�ntenance a:.��rot4cdon of the Property, Borrawer's I.naa Ap�' �
<br /> � �- �
<br /> Sosmwer shall occuPY,establisb,and ase the Prop�ty ag Baaa�azr's principal residence within sixtY days after the execution of ''ii�;�<
<br /> � I this Security lnsttument and shall cantiane w occuPY�e�P�3'ac Boaower's principal residence for at least one year aftea the .. . .� �-:,,� : �_
<br /> `:I date of occupancY. uutess Lendea o t heawise aSrees i n w r i ti n g. w h i c 6 c a n s e n t s h a ll aot be unreasonabl�y withh�o��nles.s .� ;���t ; �:
<br /> e��g�m s��ces eaist wtuch are beyond Bouower's contral.Bormwer shall not destmy,dainage P P�Y• ,; � � f�
<br /> � ali��s �a�te Faupe�ty to dete�iorate, or cammit waste on the P i o�eerty. Borrocvea s h a l l b e i n d e f a u l t i f a�y f o r f e i t u r e a c t i o n o r • ,, ,. 's"{.�..
<br /> . �Y
<br /> �:. 'j ��,whether civil or crim�a'I,is begun that in I.emder's�d failh judgment could rfsult in farfeiirae af the Pro�eaty or �:;:, �'1- . ,,
<br /> ' � �„�T�-,;'v��air the '1���reared hy this Secarity In.s�amant or I.endcr's security inteaest.Bomuwer may a�such a • _ .�'•`;•Y .�;1 �
<br /> o�erwive ;
<br /> . . defauIt a33 r��».as�vi:l.a� m paragraph 18,by ca�sing the action or pmceeding to be dismissed with a ruling that,in "r�s�?!- ,' r-
<br /> �"..s Lendea's gaod faiL'�c2atecr���,�ludes forfeitt�re of the Bormwer's inteaes3 in the Propeaty or other roatraial impairmwt of —
<br /> ' the liea created by this Secaiity L�s�cament or Lendea's seciuicy inteae�t Borrowea shall also be in defanit if Bonowe,r.d�in8 the -�:r.' „;t� ,�
<br /> vidE I.end�vvit6 �� j
<br /> loan applic�rion gmce.cs.gave marariallY false or inaocurate infoimaaon or statements w Len�Eer(or fa�ed w pm y •�` �:.�_.
<br /> •� �y �,� �f o m�a p on) m wnnecrian with the loan evideuced by the Not�. includimg, but not limited W,rePresen�oas -rY:,;-�', ,�,� .
<br /> • conceming Bomower's oxupancY of the Property as a pcincipal residence.If this Secu�ity Insuument is an a l e a s e ho 2 d.Bmrowc,r �.�- +�:�a+r
<br /> shall compty witb aU the provisions of the leasE.If Bormwer acquires fee dtle m the Property,the t�asehotd and the fee tide shall �-. _ �.:�'€�.:-:
<br /> •r•-
<br /> to the m ea u�wricmg. !4"�A--
<br /> aoi meige un�ess I,euder a� � _ ...�,:'��y'-'�'�
<br /> 7.Pmtection ot Lender's Rights in the Property. If Botrc�wer fa�7s w perform the wvenants ead agrecments contauied� :.a�-:'_...,�r,. ,._.
<br /> this Seauity Ins�uaneat,or theae cs a tegal Pioceed�n8 t1�at rr+aY�Sn��Y affect Lendea's rights in the Property(sach ag a j, �=•r��— �
<br /> '�3>��,-:'F°""'" . -
<br /> • ` roceedln8 in baNQUP�Y+P�bate,far candemnation or forfei�ze or w enforce laws ar regnlations),then Lwder may do and pay . :���+�: .. .,;��;<,�.is.
<br /> � P Le�dea's actions may include ��. �,���':;�-::.,
<br /> ',� for whatev�is nec�.�+to protect the value of e�e�r�ry and I.ende�'s rig�nts�n�e Prap�y. _ . . �,s.t,:. .
<br /> .. ;:; DaY�g �y sums s�red hy a lien which has�naority over this Secintiry tns�ument.aPPearing in c+mm�¢.PaY�►S reasanable ' �,� r�.._�-r.t:r:�
<br /> auam�s'fees and�trring on the Froperty to�e repairs.Although Lender may take action under�s paragraph 7.Lender ••
<br /> ` � � d�erc'"ave w do so. '���.'�;•�,��'��
<br /> ,�, �=;t fe:_.,. ..�_;.;
<br /> ��a,..nounts disbiused by Lender under t��asa�ap!►7�oall become addiaonal debt of Baaower s,ec�ared by 3'�.is Sec�uiry . .:.��,�; ...•'� ,�"'
<br /> n
<br /> � Icss��i Unlesg Barrowea and LendQr agea u�oth�trra�s of paymerat,�ese amaunts shall bear nv2a.�st from the date af � ���..�.,�,,�,..
<br /> • s -
<br /> fisirt�s...�t at the�e�ratc and shall be payab4z.ait�i int�es�upon notia�feo�m Lend�to Bocrow�req�g payment �..�;':,;. . .:,. �,,:�
<br /> • di .�-
<br /> - t,�?�.'turtgage Insurance. If II�r�.s tequired mortgsge ins�uance as a condi6on of ma�ng the loan secured by this Security �.%-3,•..�: . i, ;
<br /> lnstrvssent, Borrower shaU pay ai�:�.�miums cequired to maintain the mortgage insurar�oe in effect If. far any mason.the '.';t1i': � --
<br /> mortgage insivance coverage required by LeRde�lapses or ceases w be in effect,Bocrower shaU paY the premiums reqnired to . :.�. �.: ' —�:
<br /> ' obtain coverage substa�ttialiy ecluivaleat W th���rtgage insurance previously in effect.at a wsi substantially ecluivelent w ihe , ._ ,,;:.
<br /> ::•.>,.::'::�:�._.
<br /> ' cost tn Borrowea of the mortgage insurance previously in etfec�fmm an altemate mortgage u�siuer apAmved by L,ender.If � . •.. , .
<br /> . sabs�tially eqaivalent morteage ias�rance cove�ge is not availab2e.Bo�wea shall pay w Lender eacA month a smn equal to , ,s. .., �
<br /> � :1;�, r
<br /> a�-ev,elfih of the yearly mortgage in�uance premium being�ai3 by Borrawer when the inswance coverage laysed or ceased to .
<br /> a1 �
<br /> � be in effect Lendea will aocep� use and retain thcse payme�s as a loss reserve in tieu of mortgs�ge insuzance.Lass res�vc �;;.i . .
<br /> � Form 3028 9/D0 ' ,_
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