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<br /> � 5. Huxurd nr Nru{xrty Inruru�ire. Burruwrr .hidl kcep tl�c improvements now existing ar hereufter er�cted cin ihe � , � :�_;,
<br /> Prnpct1y insurcd aguintit la,s by f►rc. ht�izu•dti inrluded witliin the Icrrn "extended coverage" und uny otlie�huz:irds. including y�;�=�':��s��.�,--
<br /> . . il��Kf.ur flcwding. fur n�hirh Lcndcr rrquirr�inti��n+nrc. 'I'hf. in.urmcc yhull bc maintained in thc amounts und fi�r thc periods � �i�`''`'`��;�y'
<br /> that L.endcr rcyuirc,. Thc insurunrc rurricr pruvidin�; thc in+urancc shall bc chosrn by Borrc�wcr subjcrt to C.►ndcr's appraval � � _°
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<br /> ;..,+�!.1� whirh +hu11 not be unreii,onuhly withheld. If Nurru�+•cr Inilti tu ns�intuin c�wera�e described above. Lendcr mu . at L.ender s �''"� —
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<br /> . ciption,obtain covcrugc tu prcucct l.cndcr'ti rightti in thc Pruperty in arcurdancc with paragraph 7. r.► �±'�-__-
<br /> All insurunce policieti und renewul. +hall hr i�ccept+ihle tu I Ander nnd shull include a standard mortgage clause. Lender� ��y=
<br /> �hall have the right to hold thc pc�licie+nnd renewtil�. If landcr rcquirr+.Bormwcr shall promptly give to I.ender ull receipts of jr�1 �q,:;;
<br /> paid prcmiums and renc�vul nutices. !n thr rvcnt nf I��,.. Hurn�wcr shull�:ivc prompt n�xice tu t he insurancc ca r r i c r a n d I..e n d er.� � --
<br /> i.cndcr muy makc prc�f of'liis,if nat tnudc prumptly hy H��rrc�wcr. _
<br /> Unless Lender and Bnrrawer c�th�nvi�c u�rec in writing, in,urance procccds shull bc upplicd to restoration or repnir of the7V __
<br /> Propeny damuged,if the restnrution or repuir i,crunumically fcutiihle.�nJ Lcndcr'+.ccurity is not Iessened.If the restorationor �___
<br /> � repair is nut ecnnomicully feusible or Landcr'+ �crurity wauld he Ie+ticned, the intiurunee praceeds shall be appliec!to the sums _ _—.
<br /> •�� sccurcd by this Sccurity [nstrument, whcthcr ur nut thrn duc, with any exccss paid to Bonower. If Borrower ubandons Ihe _
<br /> �• Property, or does not unswcr within 30 duyti u nutirc fram I.cndcr thut thc in�uranre curricr hus offercd to settle a claim, thcn ____—
<br /> I.cnder muy collect the insurunce pruceed,. l.en�l�r inuy usc thc pr<uced� ta repair ur restore the Property or to pny sums � _ __
<br /> ;; secured by this Securiry Instrument,whether ur not then due. Thr 1U-day peri�xl will hcgin whcn the noticc is given. �.:�—
<br /> ° '' Unless I.cnder und Borr��wer othcrwisc u�;rrc in writing, uny uppliuitiun uf' prc�cccds ta principal shall not extend or �::-
<br /> , ' postponc thc duc Jatc cif thc monthly puymentti rcfcrrcd to in pura�;riiph� I und 2 or chunge the umount of the payments.If �;_�-�5�::
<br /> '` under p�rugraph 21 the Property is arquircd by I.cnder. Biirrc�wcr'+ri�;ht ta any insurance policies and prncceds resulting from _ _s
<br /> damuge to thc Property prior to th��acyuisition�hall pu�s tu l..etxlcr tu thc cxtcnt uf thc+umti.rccurcd by this Securiry Instrument �%-===
<br /> immediutely prior ro thc ucquisition. �—
<br /> 6.Occupancy.Pr�ervation.Muintenunce und Prot��ct(nn ot the 1'ropeMy:liorro�ver's I.oun Applicatian;I.easeholds.
<br /> Borrowcr shall occupy,establitih,und uxc thc Property uti E3orrower'y principal residenre within sixty days after the cxecutian of —
<br />_ this Securiry Instrument und shull cantinue to occupy the Property u� Hurrower's principul residence for at least one yeur after _
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<br /> the dAte of accupuncy, unle�s L.ender otherwise agree� in writing,which r�.�n,rnt�hull nat br unreasonably withhe(d,or unless _
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<br /> ez�enuating circum:�cunce, nai,i wi�i�i� ur� t'��y�x�d &;rr:su•r.r's or.tr^.. l3:.rr..wer tull rn�t dretroy. dumace or impair t e
<br /> Property, allow thc Property to Jctcrioiutc, nr rommit wuste��n the Pruperry. B�irruwcr�hull be in default if any forfciture
<br /> action or prckeeding, whether civil or criminul, i.hegun thut in lAnder'�g�x�d liiith judgmem rould result in forfeiture of th�
<br /> Property or otherwise muterially impuir thr lien crea�ed hy thiti Sccurity Intitrwnent or l.cndcr',security interetit. Borrower may
<br /> wre such a defuult und reinstatc,as provided in purugraph 18,hy rau�iu�thc�rction ur prurrcding to be dismissed with a ruling
<br /> thut, in Lendcr's good fuith determination, precludes ti�rfciture uf thc licn•ruwcr'ti intrrc�t in thc Property or other material
<br /> impairment of the licn cnutcd hy this Scrurity Instrumcm or Lcnd�r'.�ccurity intcr��t. Hurrowcr tihall ulso be in default if
<br /> Borrower,Juring thc loan applicati�m prorc�s,gavc materiully ful>c ur inairruratir infi�rmatiun or.tatemcnts to L.ender(or failed
<br /> � to provide Lender with any matcrial infiirmation) in ri�nnrrtiun wi�h thr luan rvidcnced by the Nute, including, but not limited
<br /> to, represcntation>:conccrning fiorrowcr'y occupuncy ul thc Property �i�u prinripul rc,idcnrc. If thi.Sccuriry Instrumcnt is on a
<br /> Icaschold, Borrowcr rhull comply with ull thc pr��vi�ion+ u( thc Icasc• If l�urruwcr i�rquir�ti fcc titic to thc Property,thc
<br /> leasehnld and the fce title shall not ntcrge unlcr:s Lendcr ugrcc�tu thc mrr�cr in writing.
<br /> 7.Protection of I.ender's Rt�hts In the Yroperty.If Born��scr fail.tu perfurm thr ruvcnunty und ugreements wntained in
<br /> thiti Securit�• Instrument. or there i,a Iegal prucceJing that m:ry si�nilirunUy utfrrt Lrndrr'�rights in the Property (such ac a _
<br /> pruceeciing in bankruptcy. probate, ti�r cundenmation ur furfciture��r ta enfurrr law.�n•regulatiunsl, then Isnder may da and �___
<br /> pay for whatcvcr is nccessury tii protcrt thc value of'thc P�c�perty and l.rndcr'�riF!hlti in thc Pruperry. l.cnder's actions may
<br /> include paying any sums ticcureJ by a lien wliich hu� priority uver thi. Scrurity In,trument, appcaring in court, paying _.
<br /> rc:itiunablc attorneys' fceti und entcring on thc Property to mukc rcpi�ir+. Allhuugh f.rnikr may u�kc uction under this paragraph �'_-
<br /> 7,i_endcr does not havc ta do.u. _
<br /> Any umounts disburscd by LcnJcr unJer thiti parugraph 7 ,liall hrrumr ,idditiunal dcbt of Bc�rrowcr secured by thia ���
<br /> Sccurity Instrumcnt, Unlcss Borr�>wcr and Lcndcr agrcc tu uthcr irrm�of paymm�t, thc+c umuuutti tihall bcar intcrest frc�m thc
<br /> Jatc of dishursement at thc Ni�tc rate and tihall bc p:ryahlc. with inicrr�t. upun nuticr lr��m l.cndcr tu Borrower rcquesting —
<br /> pay mcnt,
<br /> S. Mort�u�e insurAnce. lf L.endcr rcyuirrd murtgagc in+uranrc a�u ron�litiun ul'm�iking lhc luan.ccu�ed hy this Sewrity ����_:�
<br /> Instrument. Borrciwcr shall pay thc prrmiunn rcyuircd tu maintain Ihc nwrttiu�:r in.ur.u�rr in cllrc�. I1. lin• �ny rc:�son,thc �-�"=:
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<br /> nmrtgagc insurancc covcragc rcquircd hy I.rndcr lap.r�ur rcax.l�� hr in rllrrt. Bnrm��rr shall p:iy thc prcmium+rcquircd tc� ----_--
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<br /> ry i�btuin ec�verage tiubstantially equivalcnt to the murt�age in�urance pre�•iou�ly in r�I'rrt. at :�ru,t tiuh+U�ntially ryuiv.dent to the < ^�i�<��._..
<br />- rn�t lo Borrowcr uf thc mortgagc insuranrr rrcvinu�ly in rllcct. Irum :in ;dtrrnatr m�n•t�a�r in,urcr appruvrJ hy l.cndcr. If
<br />� � tiuhstanti:dly cquivalcnt mortga�c insuranrc r�wcra�:c iti nut a��ailahlr.Hurro��•rr+li:ill ��a� h� LrnJrr rarh munth a+um cyual tu ... ,��,
<br /> . �
<br /> unc-l��•rlRh of thc ycarly ntortgag�insuranrr prcmiunt hcing pai�l h�• liurnn�rr«hrn thr in,ur:u�rr ru�•rrutic I:ip,r�l ur rr:,scd tn '
<br />; j Ik in cffcct. Lcndcr wiU.�rrrpt, u.r and retain thr>r paymcntti a� a luti� rr.�r�r fn licu ul mur►�:�}tr m,iu�,inrr. Lu,s rescrvc
<br /> i� Form 3028 9/90
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