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<br /> 5. Har.�rd ur Pruperty lnsurunce. Aorrowcr shull kccp thc improvcmcn�.ti now cxisUng an c�rcuf�cr crcctui on thc Praperty � .
<br /> � i insurcd ugainst loss 6y firc, hsu.nrds includcd within lhc tcrm "cxtcndcd cuvcrugc"und uny othcr hwurds, incluJing flac�ds ur I � • ; _
<br /> (1cx�Jing,for which Lcndcr rcquires insurancc.This insuri►ncc shidl hc muinmmcd in�hc amotm�ti nnd for ihc periods thnt l.�ndcr
<br /> rcquires,Th�insuruncc curricr praviding thc insurur►cc shult bc chascn by B�nowcr subjat ta Lcndcr's upprovul which shull not
<br /> , W bc unrcasonubly withhcld. If Banowcr tuils to muinutin covcragc dcscribcd abovc, l.cncicr muy. ut C.cndcr's option, ohtuin
<br /> w * covcrugc to protect Lcndcr's rights in ihc Praperty in uccardancc with puragrnph 7.
<br /> All insurnncc policics und rencwuls shall bc ucccpwblc w Lcndcr und shull includc u stundard mong�gc cluusc.L�:ndcr shull __
<br /> have the ri�;ht to hold�hc palicies stnd renewuls. If Lcndcr rcquires, Borrawer shall prompUy�ivc to I.cndcr ull rcccip�i of paid
<br /> prcmiums and rencwal nopces.In thc cvent of loss,Borrower shall givc prompt notirc tc�lhc insuruncc carricr and Lcndcr.L.cndcr _ .
<br /> muy makc proof of loss if not madc prompQy by Borrowcr. _
<br /> Unlcss Lcndcr and Soaowcr othcrwisc a�grcc in wriung, �nsuruncc procccds shull bc upplicd to reswrauon or rcpuir of Ihc —
<br /> Propeny dnmagcd,if thc restoruuun ar rcpair is economicully fcusiblc und l.ender's sccurity is not lesscncd. If thc restorution or ; ,
<br /> repair is�ot economically feASible ar Lender's security would be Iessened,the insurnnce proceeds shull be upplied ta the sums _
<br /> sccurcd by this Sccurity Instrumcnt, whcthcr or not thcn duc, with uny cxccss puid w Borrawcr. If Borrowcr abandons thc _
<br /> � Praperty,or docs not answcr within 30 duys a noticc from I.cndcr that thc insurance cnrricr hns offercd to sctUc u cluim,thcn --=
<br /> Lender may callect the insur.snce proc:eecis.Lender muy use the proceeds to repair or restore the I'rUpeny or to pay sums seeureci ,_ -
<br /> by this Security Instrument,whether or not then due,The 3Q-duy period will begin when the notice is�iven. --
<br /> Unlcss Lcnder ttnd Boreowcr othcrwisc ugrcc in writing,stny upplicaaon of praccccis to principul shall not cxtcnd or postponc _
<br /> the due date of the monthly payment�rcfcned to in pw�agruphs 1 and 2 or chunge ihe amount of the paymcnGS.If under puragraph =
<br /> �- 21 �hc Propcny is acquircd by Lcndcr, Bonowcr's right to uny insurancc policics and procccds resulUng from damugc to the -
<br /> Property prior to the xquisition shall pass to Lendcr to thc cxtent of the sums sccurcd by this Scc:uriry Instrumcnt immcdiutcly =
<br /> �� prior�o�h�acquisition. : - --
<br /> 6. (kcupancy,Preservation,Maintenance t�nd Protectton of the Property; Uurrower's Loun Appltcutfon;Leasebolds.
<br /> Borrowcr shall occupy,cstablish,und usc thc Property us Borrowcr's principal residcncc within sixty days aftcr thc execudon of �
<br /> �, this Security Instrument und shall conunuc to occupy the Property as Boirower's princip�l resideneo for at leust one year after the e�
<br /> datc of occupancy, unlcss Lcndcr othcrwisc ugrccs in writing, which conscnt shell not bc unrcasonably withhcld. or unlcss =
<br /> _-� cx[enuaang cucu,iisiz�rii.�.s a�ist which ara b:.yond Bano:�:.r's con4al.Borro��cr stsal!not dcstso;.t1�os or isnFai!'th!'Pron!`rtY: _- _
<br /> � ; allow thc Property to dcterioratc, or commit wustc on thc Property. Aorrowcr shall be in dcfault if a��y forfciture acuon or - — _
<br /> ' praceeding,whethcr civil nr criminal,is bcgun that in Lender's good laith judgment could result in torfeiture af thc Property or _ _ __�
<br /> othcrwisc materially impair thc lien creuted by this Sccurity Instrument or Lender's sccurity interest.Borrowcr may cure such a —
<br /> � default and reinstatc.as providcti in paragruph 18, by causing thc ucuon or procccding to bc dismissed with a ruling that, in __ _ -
<br /> ?= Lcnder's good fuith dctcrminauon,prccludcs forfciturc of thc Borrowcr's intcrest in ihc Propcny or o�her mutcrial impairmcnt of _ —
<br /> � thc IiGn crcated by this Sccurity Instrumcnt or Lcnder's sccurity interest. Borrowcr shall alsa be in default if Bonowcr,during the ,--
<br /> �;, loun applicaaon proccss,gave materiully l'alse or inuccurute infarmuuon or stutement�to Lender(or f�iled w provide Lender with
<br /> Y uny mu�rial informapon) in connccuon with thc loan cvidcnccd by thc Notc, including, but not limited to, rcprescnt�tions � -
<br /> � � concerning Borro�ver's occupancy of'the Property us a principul residence.I[this Securiry Insurument is an u let�ehold.Borrower �
<br /> y. shall comply with nll �he provisions oF the lcxtse. If Borrowcr ncquires fcc ptle lo the Property,the leasehold and thc fee title shall F,
<br /> �:• not mergc unlcss Lendcr ugrees to thc mcrger in wriung, `':_
<br /> � 7. Protection of Lender's Rights in the Praperty. If Borrower fuils to perform the covenAnts and agreements contained in �, _
<br /> .� this Sa:curity Insuument. or there is a Iegul proceeding [hut muy signi�icundy nfFect Lender's rights in Ihe Properly (such us a �..
<br /> � praceeding in bunkruptcy,probate,for condemnauan or forfeiture or to enforce laws or regulations).then Lender may do su►d pay a:_:_
<br /> '� for whntcvcr is necessary to protec:t thc valuc of thc Properry und Lender's rights in the Property. L.endcr's acuons may include --
<br /> paying any sums secured by a licn which hus prioriry over this Sccurity Instrument,appc:aring in court, paying rcasonnblc
<br /> uttomcys' fws und cntcrin� on thc Propcny to makc rcpuirs. Although l.cndcr muy i:�kc uction undcr this parngrnph 7, Lcndcr � �•-- .
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<br /> docs not huve to do so. —° —
<br /> � An amounts disburticd b Lcndcr undcr�hi, +ru�ru h 7 shull bccomc uddiuonal dcbt of Borrowcr sccurcti b this Sccurit �Y' -
<br /> y' Y P� b p Y Y �r��:--
<br /> InsUUrncnt. Unles, B�xrowcr und l.c;ndcr agmc to othcr tcrms ol' puymcnt, thcsc �unoun4s shall bcar intcrest from thc datc of Y'�
<br /> disburscmcnl at thc Notc ratc und shull bc puyublc:,with intcrest,upon noucc Crom Lcndcr w Borrowcr rcyucsdng payment. �t� �� �'�`�
<br /> � S_Mortga�e Insurance. If Lender required mortguge insurunce�u u condiuon of muking the loan secured by this Security ,;, '^"'��'",t.
<br /> tnsUUment, Bonower shull pay the premiums reyuireci to m�untuin the mortguge insurunce in effect. If, for any rcuson, the ,.-,����.':;�.'` :.,
<br /> � mortgagc insurnnce covcru6c rcquircci by Lcnder lupscs or ccuscs to be in cffect, Borrowcr shall puy tY�c prcmium5 rcquired to ~.';'K:,�P.-.•.
<br /> ob4un covcrsgc substan�ially equivulcnt to thc mortgagc in.urancc prcviously in cffcct,at a cost substanually cquivulcnt to thc �r�-•:�''` '���•°�� .
<br /> c�st to Bonowcr o!'Ihc mortgugc insuruncc prcv�ously in cl'fcct, from un ultcrnatc mortgagc insurcr ap�rovcci by Lcndcr. IC .
<br /> substanually cyuivulcnt mortgiigc insurc+ncc covcragc is not availablc,Bonowcr shall pay to L.cndcr c;ich month a sum cqual to
<br /> , onc-twclQh oC the ycarly mortgagc insurancc prcmium bcing paid by Borrowcr whcn thc insucancc covctagc Inpscd or ccuscci to �
<br /> bc in cffcc:t. Lcndcr aill acccpt, usc anJ rcwin thctic paym�nGr us a loss rescrvc in licu ul' mortgagc insur:uicc, Loss rescrvc
<br /> � Form 3028 9/90
<br /> i � -6N(NE)�3z+2�o+ Nagu3o�6 ��nmin.
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