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<br /> 5.H�e'd ar Prop2rty Im9ura�re. Borrowea shall keeP the improvements now exisdnB ar hereafter erected on the FropertY . , . _
<br /> insa�red a�anst loss by 6�, ha�atds iactaded within the team"eactended cov�age" and asry other daza�'ds.inctudingtha�der � " ' `� � , L
<br /> tloodia8,for which I.euder recl�ir�s ins�rance.'il�is insurance shall be m�iut2smed in the amounu and f9r th ro�wtiich s h a ll not . � . . ';��
<br /> requires.'Ihe insuiance ca�rier pmvidimg dze insvrance sh�11 be chQSen by Bo:mwer subSecc to Lender's app 1 , , --
<br /> ' be unreasunably witdhe�d. If Borrowea fails tn mauitain coverage descn'bed above,Leadea may. ai i.ertder's optwn, obrain _
<br /> cov�age to pzotect T.emder's righLs in the Property in accordance arith paragr'dph 7. --
<br /> All insusance Po�ssi�and rzaewals shall be�table w L.euder and shall include a standard mortB88z clause.I.ender shall —, ----- -
<br /> t �1 ve w I.a�dea all receiPts of paid _ �
<br /> have the right w hold the poticies and reuewals.If Lend�r�lu�ze.s,Botrowea shall pmmP Y 8► .
<br /> preauums sud renewal notices.In the event of loss.Barrower shall give prompt n�tice to the insuiance carrier and I.ender.i.endu k_� ` • i � �_
<br /> may�rake proof o f loss i f not m a d e p c n m P U Y b y B o r r ower. � _ .
<br /> Uatess Lendec and Boaowea oth�wise ag��n wrinn8���F�S shall be aPPlted W restnr�tton at nepair o f t he
<br /> gropeaty damaged.if the reswrarion or tePair is eco n om�c�lly feasi'bte and Lender's securqy is rsot l�ssened ff the restoiation or � . '�� : , '`
<br /> ari
<br /> would be lessened, the ins�aauce procecds shall he agpL•ed tn tke sums . ::;;�.;, ��, �°�
<br /> ce�aa is not ecoaomically feasible or I.enda's security . �._.-
<br /> as
<br /> iastnunent,whether or not th� due. with any excess paid m Bomoaer. If Brnmwer a6andnns r ;;:;�.:_..��,��-
<br /> secaned by this Seaaity ,-,-
<br /> pcopesty,ar dces not answer withm 30 days a notice firom I.emder thai� mssaan�����y a�� � ; .: , , _.;
<br /> I.ender may coItect the insurance gcoceeds.Le�der may use the proceeds �P ; `''"��•
<br /> by this Secauiry Instcumea►t,whethea or not then due.'I�3�-day peaiod will 6eg�G�en We notice is giv�. . ':'':;�;;�._�e:-
<br /> �un af w P�aFal shall not euteud oz postpone :�_—
<br /> • Unless L.endea and Bormwer othecwise�e in R�g,aaY�F F�� . :. •
<br />� ts refenz3 m m�r�phs 1 ayd 2�r c�n8s�e amount of the payments.If undea paraS�P�► �=
<br /> the due date of the monthlY PaYmen t resvltinB fmm damage w ihe :. . �. ' .: "'?'^'
<br /> 21 the P�ape�ty is acquired by Len der,Bocrower's ff i g�t to an y in�-+�caace pe�ES and Pmc�ds _ �s,,z��..,�;.�,�:
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<br /> � to Leadcr�the extEnt of the s�ms s�v..^e�by tbis Security Tnstrumesnt immediatelY . �---
<br /> propeacy prinr tn tha accluisition shall P�ss .� •r' :�-=—
<br /> % � prior w the�quisition. Borrower's Loan Applk�tion;Le�el�atds. y.-��= —:
<br />,';. 6.pcce�ancY.PreservatIoa,M�`+�Qnce sud Prot�toa of the PrapertY� �., ,�. �s
<br /> �` y as Boaower's resideuce within sixtY daJ►s after the e�cecution of
<br />" . Borrower sball accuPY,�blist�,and u�ra ffie Pmpezty P��
<br /> residea►ce for at least oae year after the � �
<br /> � this Security Insun�mea►t aa�shall contalue ro occuPY��OP�'�Boriower's g^�.ciPal . �: �.�°"d-�:.-
<br /> u � � m wridng, which conseut �.:7 not be unreasonablY withheld,or unless �',. - -
<br /> •• date of oxapan�Y, unless Le�►der othe�a agce�s �': ' ...��� :
<br /> ''.: exist whicb are beyond Boaower's controL Bonower shaII aoi destroY,damaSe ar impaa the Pmpeaty, - _
<br /> e�ctennating eatcanmstances Borrowea shall be in default if any forfeiuue action or ' -'�.•° �,,.f ...=F.
<br /> : allflw ths �nY m deteriorate,or comu�ii waste an ihe Pcopercy- �: � _ . : ; _
<br /> , `� pmoceedi�g,R�aethea civil or aim�nal,is be8un that in Le,nda's goenl s�isL judgm-eat could resuit m forfeiaue of the Pi+oge��r . •< ' .. ,� _ __
<br /> � Ins�t or II.eu�xr's security mterest.Borrower may a�re s�a • '�
<br /> �zherwise mateaiaUY imPa�t�e tien created by this 3ecc..�ty � '� ' �
<br /> as vided in paragtapb 18,T���g the aaion ar�B to be disrnissed wtid�a riilia8 t b a t,in .<.. �..:i>:-
<br /> � default and reinslsue. Pm or mher m��p�ent of '°:':"� ; �;
<br /> ' Lendea's 8�faith de.tezminarinn,Pre�ludes fodei�oi the Boimw.�'s intae5t�r�e PropeatY �� `� � '•
<br /> �. de ._::<�. ,
<br /> = the liea creafed bY this SecantY�t or L�ender's security in�.e�r�t.Bosmwez�a31 also ts�in default if B vide Leader� � �
<br /> ', �i a f o r m�n o r s t a t e m e n t s t n L a n d e a(�r fa�ed w p r o ,�'y` , � �.���: —
<br /> •. � c u,at�iaDy ralse or ,�:�����"�,;;s �
<br />,'s;' � R�� mfomnation m connection with the loan evideuozd by the Note. mclading,b�not tmoited to,r�seutarnag ;, ..�r ,6� ;•°�;;.
<br /> � " �S•�i�ar..
<br /> . . con�ee�nm8 Bouowe�'s axupancY of ttne Yroperty as a princi�al resida►c�e.If this��cauitY Tnstrun°ea!is on a�2d.Bo�wer t,: �,._ .�,
<br />_'_ ��orrm with aU the urovisions of the lea4e.If Bor.rower acqunres fee title to the Pmperiy,the Eeasehold and the fee title sha11 ,..;�;�:. �s '�..`_-
<br /> ��S' � —_
<br /> not merge unless Lead�agrees w the meager in writing. ents conmmed'm . . {� .�
<br /> ' 9.Pratecdon of I.ender's Rig6ts m the Property. If Boxrnwer fsils w pesfomr ihe covea�ts and a� ,s `,
<br /> wis Security tnsuumen�or a�ere is a tegat pmcseding tb�c may sl�i&canay affea Y.endea's rigl,ta in the rrop�cy(such as a r•�,;`..���;.� '`�
<br /> . : • ,la',. •..:.ai
<br /> � proceedin8 m banl�uP�S+•Pro�for coa d�m n a t i o n o r f o�f e i w r e o r t o e n f o r o e l a w s a r r e g u t ations),the�Le�der may do and pay --
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<br /> � for ahatevec is n�►�DT��the vatua of the�pe�ty and l.ender's righis m the Pcopeny.Lcader's actions may include '"`'�r:: ..
<br /> a lien which has piioritY ovraa Ws Sec�ity Inst�ument,aFP�flS in court,PeYmB reasonable :"���.T
<br /> � DaYW►8�Y� secured by Althou Leader may taYe actu�undez Ihis Paia�aDh 7,I.�3er - ..� : :�-._�
<br /> atrnmeys' fees and eaterin8 on the Ye�rtY to crrake repaus. Sb _ L„I� ,
<br /> does not have w do so. ..:.,�,.-,,,_����,
<br />. � Any amonnts disbut�ed by Lend�under this para�ph 7 s6all becuine additional debt of Bonowet se�aed by this Secwrity
<br /> to other tem�s of p�yme�t,these amounts sh�bear intcrest fmm the date of °,��'"_.".���-_.--
<br /> Insunment tJnless Bm�rowet arid I.enda agee ��from Lender w Bmzuwet requestin8 PaY�� _ ^ �,-•
<br /> disb�u�a ai the Note rate and shall be payable,aritb entaest.npon ,���.':�` �
<br />, . 8.Mort�ag�Ia� If Lemd�required mortgage�s�uac►ce as a wndidon of mahing the loan seaued by this Sec�uity 4 ,�,,.�.
<br />� � Liswment,Bmrower s�all PaY the Premiums require,� w maiatain the mortgage insuiance in effea. If, for any reasm�� tha ..:�;..-�';_�-
<br /> mortpge insivance cov�age i e q u i r e d bY Lender tapses or cea�s to be in eff�a,Borcower shall PaY the Pre�niums requued w .,�,r��,,,:,�,`.'+�"�',
<br /> iu
<br /> ob�coverage substantially ecl�lvalent w the c�;:�e insurance previously ia effect,at a cost substaudaII Y�uiv�t w�� ._�;�'r��.�?r�: �`
<br /> cost ro Borrowa of the martgage i�:�~*ance pz��s�]y in effed. fram an alt�esnate mortgage insorer appro 1fY .; ..: .' - ..
<br /> � substan't�lly equiva�ent mortgage��:rix cove�s is not av � le,Boimwet shall pay W Ix�der each month s svm equal to � ,-�:�'.:4�:::F•.
<br /> ��3�eing�_:Ai f�y Barmwer when the'��ce coverage lapsed or ceased tn �,;�..,��°-,
<br /> on�taJ:�'tih of the yeazly martgage::.��ce Fre�'-�� �..n�,�'.�:'`'t� ,. .,....
<br /> � be in e�ect.Lender G-�'9 aocept�use and retai�cl�:�aY►ne,�s as a toss reserve in lieu cf nortgaSe �i�uance.Loss resave . . , ..
<br /> � "�, .
<br /> ' Form 8020 9/90 � ' "�
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