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<br /> � 5.�iazard or Pro�erty Insurance. Borrowet st�all keep the improvcments now exispng or h tcr erocted on thc Propercy , . ,.�-
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<br /> insured against loss is3+ fire,hazards included within the term "e�ctended covcrage" and any other hazards.inc[uding Aoods or
<br /> � flooding,for which Lender requires insurance."Ihis insurance shall be maintained in the amovnts and for the periods that l.ender . , , •
<br /> � re�uires,lTte insurdnce carrier pmvidin�the insutance sha11 be ct►osec►by Borrower sub�ect to Lender's approva!which shall nat , _-
<br /> be unreasonably wiihhaid. If Borrower faiLs to nnsintain coverage desaibed above, Lender may, at Lender's option, obtain .
<br /> oov e t� rotect L,eAder's rights in the Pmperty in accardance with paragraph 7. ��� � ,
<br /> � �8 F ., •
<br />_ All msw'ance policies and renewaLs shall be acceptabk to Lender and shall include a standard ruortgage ciause.Lender shall I - --
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<br /> have the right to hoid the policies and renewals.If Lender requires.Borrower shail promptly give tn Lender a�ll receipu of paid - - - ��
<br /> � piemiums and renewal notices.In the event of toss,Bo:rower shall give prompt nosice to the insurance carrier and I.ender.Lender : ' .��
<br /> ` � may m�ake prnof of lost if not roade prompdy by Bonower. � • . `.' •
<br /> . � Unless Leaader and Borrowctt otherwise agree in wriung,insuiance proceeds sl�all be applied to resmxation or repair of the ��,
<br /> is not l�sened.If the restnratioa or - . -
<br /> pro�r damaged,if We reswration or rc:pair is eoonomically feas'�ble and=L�der's� � :. _ � :. .``Y`,���:�°.'
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<br /> _ j nomicaDy would be lessene.�. .n.:asLUa�ce ceEds sizal be aFplied tn the s�ms -;, ;' , '''.• �-e_
<br /> rzpair is aot eoa fea�'ble or L,ender's security �.,
<br /> 1 secur�si by this S�uitty Inswment,whether or not then du�.G-fri.h �-;: �:.:� �.-.-'� :� �orrow�. If Fc�zu��er a..���'�.��e r.� ;`-�•=;':�,-;,F.:,;�:�,���;}
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<br /> � pmperty,or d�s�ot answer aithin 3U days a aotice from I�uw th�t sc4�.�:.-an:.e�i�has offecd to se�'e s c�.t�� . , ;;-,-
<br /> j I.endea may colloct the insu:ance pmceeds.Lender may use the prace�ds to��air or restore the Propesty or to pay sums secured `.V'::'���..
<br /> � by this SeQUity Insorament,whether or not then due.The 30-day period m11 begin afien the notice is g"sven. . :4:�.s..��=
<br /> UNess Lend�and Bonower otherwise agree in wririnS,�Y aPPU�n°f p�ceeds t°princ�pal shall ttot extend or postpone . � —
<br /> � the due date of the monthly payments refeared to in paragraPhs 1 and 2 or change the amount of the payments.If under paragaph . � —�-
<br />. � 1 . . - , .L'Y_
<br /> . 21 the Property is acquired by Lender. Borrower's ri�ht ro any insurauce policies and p:ocecds resulting from damage w the '-�"�',.�_,
<br /> . ' ptoperey prior ro the acquisition shall pass ro Leader to the e�ctent of the sums secured by ibis Security lnswment immediatety • .
<br /> "'F�,�.�:k:'
<br /> = i prior tn the acquisidon. . . ' -:.:'�°--s��—
<br /> ' d6,Orcupancy,Preservation.Maintenance and Protc�n of the Property; 8orrower's LAan Appllcatian;Leaseflolds. �
<br /> . ; Borro+xer shall occ�py,eslablish.and use the Propeaty as Borrower's priacipal resiQence within sucty days after ihe eaocution of � _—
<br /> ' this Security Instruument aad shall continue tn oc�upy the Property av Bortower's principal residenca for a1 Ieasa ane ycar aftcr ihe :
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<br /> � date of occupancy. unless Ler►der otherwise agcees in writi�g, which consent shall not be unreasona6ly withhetd,or unless . � :j.,'; ��
<br /> '. 5 eatenuarin g circumstances exist which are beyond Borrawer's cuntrol.Borcower shall nat desuoy.damage or impair the Property, _ � ; � ;
<br /> allow the Property w dete�iorate,or c+ommit wastc on�he Propariy. Borrower slwU be in de f a u lt i f eny fo r fci t u re s c o i a n o r
<br /> � proceediag,whether civil or criminal.is begun ihai in Lcndca'a goad faith judgment cauld result in farfeique af the Propexty or � '� ; -
<br /> o��,i,��rially impa�r the Hen created by this Security Instrument or Lender's security interest Borrower may c�re such a _
<br /> . . defa�It and reinstate, as provided in paragraph 18,by causing the action or proc�ding w be dismissed with a niling tha�,in : �
<br /> Lender's good faith determination,prectudes fo�feiture of thz Borrower's inteaest in the Property or other material impairment of ��
<br /> • if Botmwer durin ths ::-�`�'
<br /> . the lien created by this Secwity Ins1rumea►t or Lendea s security intzrest.Borrower shall also be u►default , B : �_, - �,.,,�
<br /> . • 2oan app2isation praces.a,gave materiaUy false or inacc+uate informarion or staismsnts to Lender fos failed w provide Lgnder with A� .
<br /> any material infom�adon) in connection witA�the loan evidenced by ths Note, includin8, but not limited w,rePresentatinns ,� .
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<br /> . conceaning Borrower's occupancy of the Property as a principal residen:e.�t''�is Security Instrument is on a teasehold,Harmvrep � : ,
<br /> shaU comply with all the provisions of Ne lzase.If Bazmwcz acquires fee�s to the Froperty,th$le�.sehold and the fee titls shaD �.�„'�'T' ,. ;�4 ti.:
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<br /> not merge unless Le�der agrces tn the mergu nn wriun�.
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<br /> 7.Protecdon of I.ender's Rights in tbe cF'rsperty. If�.�rower fails to peaform^�a s�venants and agreernents ccatained in ��'• : .%�r�
<br /> affect�1�a's a as�the Pro sach as a ::`�,�� �''�'`
<br /> � this SecArity IasmimenL or ihere is a Iegat i�'viceednng that may signi5canttY S� P�Y( �,�,-� J +°
<br /> �'��� pmceeding In ba�+�picy.pmbate,for conde�nation or forfeiaue or tn eaforce laws o.*reguladons),s�;n Lend�may do and p�y . . ti.
<br /> �.'�YJ;.. for ahatever is�satS►ro prote�t the value of the Pre�Ciy and L�s rights in the propeaty.I.ender's ac6nns may include -���--._.-�`-.�.
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<br /> .. � PaYmB�Y sums s�ured by a fien which lias Priority over this Sec�,r.y InsGrume�t, aPPearing in court. PaYing reasonable ;�,� . �. `, ...,:. .
<br /> �' auomeys' fees and entering on the Froperty to make repairs.Although Lender may take action undea this Farag�aph 7,Lercder °���''�,,,.�:�_`:-
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<br />-' :5 does not have w dfl so. '�`� • � �i
<br /> { Ac�y amoua�&�sbursed by Lender under this p�agraph 7 shall becu�addidonal debi of Borrower secured by this Secauity .;;"�`,,
<br /> � - B aower and Lender a ce to other terms of pay���,�h��o�� ��'���om the date af
<br /> Insuumem Unle:� o � . -���-_
<br /> �,� disbursement at the Natc rate and shall be payable,with in�r�:.�,upon nouce from E.�c�to Borrowcr requesting paymen� •,`�,'r�;• . �--
<br />•�,.3 S.Mort�ge Insurance. If Lender regnireA mortga���..surance ac a conditicy�s�aking the loan sec�red by this�ecurity ,'� ��ti�'��k't.�i,-�...--
<br /> k I n s t r u m e n t, Borrower shall p a y the p remi::,�s required to maintain ��Q .�ortgage �.s-.aance� e�`fec� If. for any ma5on, the •2�
<br /> �{ mortgage insuraace coverrage required by L�mder la�ses or ceases to be�effect,Bonowea sh�.3 p�y the premiums required tm . _ •.'�.#i a. .
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<br /> obtasn coversge substantially equivalent w tt�o mortgage inswance previau;ly in effe^a.ai a cost sabstantially eqw�valent w the .;,,;i,,.
<br /> 4 �- �t i;': _.-
<br /> cosi to Bomnwer of the mortgage insurance previously in effect,from an alterr.z:e m�ge insurer approved by I.ender. If •���--•--
<br /> ::� substan6alty equivalcsnt mortgage insurance coverage is not available.Borrower shall pay to Le.�dar each month a sum equal co • ' ;. . �.
<br /> one-twe;fth of t�e yearly mortgage insurance pcemium being paid by Berrawer when the insulan;.e covezage lapsed or ceased w
<br /> ` bo in effect. Lender w�71 accept,use and retain these payments as a ioss reserve in lieu of mongt►ge insurance. Lass resenre .
<br /> Fatm SOZB S/90 ._ � • —
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