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<br /> , S.Har.�rc!i�r Prupertylnsurance. Bonowcr shall kecp ihc improvemenGS now cxisting or hercaftcr crccted on thc Property „ �'�`
<br /> insured agninst las� by fire,hA•r.erds included within the term "extende�coverage" and any ather hazards,including tloods or :'���
<br /> Ilooding,far which [.ender rcyuires insurance.This insurance shall be maintained in the amounts and for the periods that Lendcr� "�':__
<br /> requires.71ie insurunce currier ptoviding the insurance shall be chosen by Borrower subject to Lender's approval which shaU not� -��-�—
<br /> be unrcasonubly withhcld.If Iinrrowcr fails to maintain coverage descdbed abovc, Lcndcr may, at Lender's option, obtain -� _
<br /> covernge t�prc�tect I_ender'sri�h�c in the Praperty in accordanee with paragraph 7. � ,�t�-,� .-
<br /> _. � All lnsuranw policics and rencwals shall bc acccptable to L.endcr and shall include a standard mortgage clause. L.ender sha1G': ' '^�-�_°
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<br /> ° huvc thc right ta hald the palicics and renewals. If Lcndcr requ'ves,Borrower shall promptly�ive to Lender all receipts of pai ;;;;o;;u-
<br /> premiums und renawnl notices. In thc evcnt of loss,Borrower shall givc ptompt notice to the instuancc carricr and Lendcr.Lend �•��+�'=��
<br /> ,. may mnka proof af lass if not rnaJc promptly by Horrower. __
<br /> Unlcss L.cndcr und Borto�vct olhcrwisc agrcc in writing,insurancc procccds shall bc applicd to restoraaon or rcpair of thc �
<br /> r- Praperty damnged, if the restornUcm ar repnir is economically fcasible nnd L.ender's security is not Iessened.If the restoraUon or ��� -
<br /> repair is not ecanomicailly fcusible ar l.ender's securlty would be lessened,the insurance procceds shall be applied to the sums =•-
<br /> securcd by this Sccurlty In�strument, wheihcr or not then due, with any ezcess paid to Banowcr. If Banower abandons the �
<br /> Property,or docs nat answer within 3Q days a nati.ce from Lendcr that the ins�rance carrier ht�.s offered to settic a cluim,then
<br /> I.cndcr may collcct thc insursnce praccccls.l.endcr may usa the proccccls to repair or restore thc Properry or to pay sums secured
<br /> by thls Sexurlty Instrumcnt,whcthcr ar not then duc.Thc 30-day period will begin when the notice is givcn.
<br /> Unless i.endcr and Barrower otherwiscs agrec in writing,any appHccition of proceccls to princtpal shall nat extend or postpone -_
<br /> thc due dutc of Ihc monthly paymenGw rcfcrrcd to in paragraphs 1 and 2 or change the amount of the payments.If under paragraph -
<br /> 21 tha Propeny is ecquired by Lender. Harrower's rlght to any insurance policIes and proceeds resulting from damage to the `
<br /> Property prior to the acquisidon shull pass to Lcnder Vs ihe extent of ihe sums secnred by this Securiry Inswment immediately f
<br /> � prtot to thc acquisition. r_L
<br /> 6.Occupancy,Preserration,Mointenance and ProtecNon of the Property; Borrower's Loan Applicatton;Leaseholde. :__
<br /> -� Borrower shull occupy,establish,and use the Propeny as Borrower's principal residence within sixty days after t he execution af _----
<br /> this Securlty Instrument and shall condnuc ta ac�upy the Property as Borrower's principal resi3ence for at least ane year after the _
<br /> date of occupancy. unle.4s Lender otherwlse agrees in wr�6ng, which consent shall not be unreasonably withheld, or unless
<br /> � extenuating clrcumstances exist whlch are beyond Borrower's control.Borrower shall not destroy,damage or Impair the Property,
<br /> allow the Propeny to deteriornte, or commit wnste on the Propert}+. Bonower shall be in default ff any forfelture acdon or
<br /> _ Fs�c�.��ting;whraher ctvit or criminal,i.s begun thut iu Lender's Aood faith iudgment could result in forfeiwre of the Property or
<br /> ,�� otherwi.sc matcdally impa3r tho licn crcated by thls S�curity lnstrumcnt or I.endcr's security intcresG Borrowcr may curo such a
<br /> . � default und reinstatc,as provldcd in psuagraph 1�,by cuuying ihc action or proccoding to bc dismissed with a ruling tha� in
<br /> � Lcnder's good faith detcrminadon.precludcs forfciturc af the IIonower's interest in the Propern�or other matedal Impairmcnt of —
<br /> thc lien ctcated by this Sccurlty Inswmcnt ar I,cndcr's sccudty intcresG Barrower shaU also be in dcfault if Borrower,during thc -_
<br /> ' � loan applicauon proccss, gav� mntcriully ful.tic or inaccuratc informatIon or statements to Lendcr(or failcd to provide Lendcr with —•
<br /> • ' any matedal informadon)in connecUon wlih the loan evidencui by the Note, including, but not lirtiited to, representadons �---�--
<br /> '�� conccming Borrowcr's accupancy of ihc Propcny av u principul residcncc.If this Security Insaumcnt is on a lcasehold,BoROwcr �'�
<br /> `` shall comply with all the provisions of Uie leu�e. If Banower acyutres fce title to the Property,the leasehold and the fee tide sheU
<br /> ;' not mcrge unlcs.4 L.cndcr agrces to thc mcrgcr in wridng. -^-----
<br /> . 7.Protection otl.ender's Ri�ht�in the['roperty. If Banowcr fnils to pcdorm the covcnants and agrecmcnts contained in ��
<br /> � this Securiry Inswment, ar there is a legul procceding that muy signiCc,�ntly affect Lender's rights in the Property�such as a �°
<br /> ' pracecding in bankruptcy,probate.for condemnauon or farfeiture or W enforce laws or regulauons),then Lender may do and pay -- _
<br /> for whatever is necessary to protcct the vitiue of the Propeny and Lcndcr's rights in the Property.Lendcr's acuons may includc _ ___
<br /> � paying any sums sceured by u licn which has priority ovcr this Securtty Instrument,appearing in court, paying reasonable 'F;;�;,..,..�
<br /> � attomeys' fccs and cntcring an ihc Property to mnko rcpuirs. Although Lender may take action under this pazagraph 7,J.cndcr -__ _
<br /> �, docs not havc to cio so. °F-�
<br /> Any a�nounts disbursed by l.ender under this parngruph 7 shull become addiuonal debt af Bonower secured by this Securiry ":•��,•'"=�_---
<br /> Insuument Unlcss Borrowcr and Lendcr agrcc to nthcr tcrms of paymcnt,thcsc amounts shall bcar interest from thc datc of ;;�._---
<br /> -i disbursemcnt ac►he Notc rac and shnll bc puyublc,with intc;rest,upun noticc from L.ender to Borrower requesdng paymenG ��
<br /> 8.Mort a e Insurance. If Lcnder r u�red mon u c insurance uv a condidon of makin the loan secured by this Security " �. �-`
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<br /> Instrument, Borrower shall pay the premiums required to muinutin the mortgage insurance in effecG If, for any reason, the � � �� ,
<br /> mortgage insurenee coverugc: required by L.ender lupsex or cuises to be in effect,Borrower shall pay the premiums required to °'�}��!,. �f'
<br /> obtain covcragc substaneially cquivalcnt to thc mortgagc in.r•urancc previously in cffcct,at a cost substantially equivalent to thc.. ' '
<br /> � cost to Borrowcr of thc mortgagc insurancc previously in cffcct, from ttn itltcmatc mon�a�c insurcr approvcd by Lcndcr. If •
<br /> �I substanually equivalent rnortsage insurance coveruge is not crvniluble,Honower shnll pay to L.ender each month a sum equal to
<br /> ? one•twelfth nf�he yearly monga�e insurance premium ix�ing paici by Hnrrower when the insurance coverase lapsed or ceased to :•'"
<br /> � be in effect. L.ender will cecept, use und retain these paymen�i as a loss reserve in lieu of mortgage insurance. Loss reserve
<br /> � Form 3028 9/90
<br /> � �•eR(NE)tot�2i.o+ ���oo a oi n inniea:
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