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<br /> S.FIa�ard ur�operty Insarance. Horrower shall keep the improve�nents now existing ar h�erected on the Property : .� � . • ' `;''�.
<br /> � �1 �nsured againsc loss by fse,ha7ards included within the tcrm "extended coveiage"and any other hazards. mciuding Aoods or . _�;�-
<br /> floading,for wFrich Leaider requires uuurance.Tdis insurance shall be maintained in the amounts and for ths periods that L.ender <� '-".. _=
<br /> Lea •� ��
<br /> � requ'ues.The insurance carricr grovid�g the insivance stiall be chosen by Boprower sufo}ect ta L.ender's approval which shall not � . '4'* . '-:;-
<br /> be unreasonably withheld. If Bonower fails 4o maintaiu coverage desaibed above, I.endea may, az Lender's option, obtain � , . � ���-°°
<br /> covezage to protect Leada's rights in the Property in accordauce with paragraph 7. • ' < � _L -�u^
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<br /> Atl�ce�ulicies and reas�rals shail be a�cepiable to I.ender and shall include a standard mortgage clause.Lender shall ' _,"_;
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<br /> ' dave the right tn hold the policies and reaew2ls.If Lender requires,Harmwer shall promptly give tn Lender aIl receipis of paid , ; ' , •
<br /> . , premiams and renevral no�ces.In the event nf loss,Boirower shall give prompt aoUice ta the insurance carrier and Lender.Lender • �_ •:.._'` "i�=
<br /> may make pmaf af loss if not made prompdy by Borrower. .�:--" �-���
<br /> . Unless Lendea and Bonowea otheawise agRee in wridng,insurance pmceeds shall be applied to restorarion or repair of the , ."-`;""�`�-u''°--
<br /> ,., ,:�-- , _
<br /> � Pmperty damaged,if the restniation or repair is economicaUy feas�ble and L.ender's security is not lessened.If the restutatian or ��•_`_ -�� f
<br /> 'k cepair is not ecoaomically feaabte or Lendea's sec�rity would be lessened,the insurance proceeds sha11 Ue applied w the sums �:�=,�-:�,.,��;-
<br /> secured by this �c�uity Iastrument,whether or not then due.with any excess paid to B�rowea. If Borrower abandons the ` � �< _-._-
<br /> Propeaty,or dces not answea within 30 days a notice from I.eudea that the ins�rance c�arsirr has o�'eied w settle a claim,then `�:'�:'�-•.--_-°
<br /> . Lem2er�ay collert the iusurance proceeds.I.ender may ose the praoeads to repair or reswre the Property or w pay sces secured �_::, --:. , ..;,
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<br /> �= by d�is Secaffity Instrument,whethea or not then due.'Ihe 30-day peaiod vn'll begin when the nntice is given. "'�,•,;.
<br /> U.:�I.eudea and Borrow�oiheiwise agree in ariting,aaY application of proceeds to prmcipal sha11 not exteud or postgone �.�;� ,
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<br /> � the d..-r date of the mond�lY PaYm�;:�referred tn in pazagraphs 1 and 2 or cbange the a���.t of the payme�ts.If uader ParagraPh '.� _�- ;�.�-°�-_.
<br /> 21 the Property is acquued by Is�r,�, Bonawer's right to any i.ns�rance ge�r.$s a3 7gaceeds resu[ring fiom damage to ths =-.---- � -
<br /> Property prior tn tfi��q�isltion sl�all pa�s ro L.e�der to the e�ctent of the s��su�d by this Secnriq�Instrument immediatcly ,,,���:.,.°,°
<br /> - prior w the aLqni��. ,—yf,r�;°+
<br /> 6.Ooenpaacc�Qr�sesvat�on,Maintenance and Protectton otthe Prop�-gw; Borrower's Loaa t�yplIcaHon;Leasehofds. ,�:_-,-----
<br /> . ���s�'tail ocs.s.,�y,establish,aad use the Property as Bomuwer's prmcipal residanc�within sixty days after the execution o: - -
<br /> ��..t-
<br /> � �Sz��y Inst�eat and shall condnue w occ�py the Pmperty as Borrowea's principal residence for�t least one y�oftea the ;�,,..,.:•
<br /> • �'' ds: a�occupantc, untess La►der othecvvise agreRS in wri6ng, wbich consent shall not be uareason2Sly arithh�3. or wnless ° ,;`:
<br /> • extenoati�g cacu�s�ces exist which ere beyon�Bormwea's controL Boaawer shaU not destroy,darnz�K'"�ar impair tAe Yrapeaty. ' :. •r. ..' ; ��; .
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<br /> ' aLow cse Prapeaty to deteriorate. 07 wmmit waste on the Progcaty. Borrowu sLall be in default if any forfeiuue action or �:�z�;:_
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<br /> �8•wtiethea civil or criminal.is begun that in Lendea's gaod faith,{udgmea�t cautd resnit m forfeidue of the Prope,aty or '}�,�;:•`..
<br /> _ othe:�.se materially impair the lien areated by dus Security Insdument oi L�udea�S SBCIITIZy UI�BO�IOW���M�y vW�aLLNJ H .�'"tA� �•''•�
<br /> • d e f a u I t a n d r e i n s t a r e.a s p ro v i d e d i n p a i a g�a p i� 1 8,b y c a u s m g t h e a c t i o n o r p r o c e e d i n g w b e d i s n i s s e d w i i h a n il i n g t h a t.in .��..,t��:��
<br /> : Lend�a's goad fai�n�inarion,precludes fc�Feidue of the Borrower's iv....'�est in the Pcoperty or Q�s mateaial impaiimem of � �
<br /> pa ty
<br /> � the lien cceated ir-�:�Secwtlty Insi�umeat or Lr�de,r's secauiry interest B�F�e,r shall also be en de�:�l.t�:Barmwer.duru�g the .< <�,;"=
<br /> . ' lo�appliration p_a:�s.F,ave materially faLse or inaccUrate infoimation or s'��ents to I.end�(oz fa.r�3 in provide Lender wi� . r��f�;:::
<br />= any mateaial infam�ation} in cunnecaon wiili the iOan evideaced by the Note. inclu ' , but not limited w, reFse�r..tauo� • � " '�# �
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<br /> ; conceming Boaowea's occupancy of ihe Praperty as a principal�esidence.ff this Security Inswment is on a leaseho��,s�rower ::,, •�. , : �.::f{::':
<br /> . � shall comply with�,"the provisions of dse lease.If Borrowa acquires fee dtle w the Prupersy,the��old and the fee title shall "-�.a�=��'-`�`J�1���.
<br /> ' not merge unless Le���r agrees to the mc�gea in writing. _ -.;,�f;� _
<br /> ' . 7.Protec8oa oQ Lender's Rights in tbe Properiy. If Barrowea fails w pafaim the covenanis and agreements conmined in >�,;, .
<br /> � this Security Insciument,or theae is a leSal Proceedin8 thai may s�gnificandy affect L�endes's rights in the Propaty{such as a =�n.:��.
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<br /> • prnceedir►g in bu�upicy,pmbate,far candemnadon or forfeipue ar w eafonce laws or regalations),then Lender may do and pay - --,r„—
<br /> for whatc.wer is necessary tn protect the valae of the Fmyaty and Lender's aghts in the Property.Le�►der's actions may include : . �
<br /> 9 Da3�►8 �Y sums secured by a lien which t�as priority over tLis Sepuiry Ins�men�aPP�B in court, PayinB teasonable �.'��.'�".
<br /> ,. .�'�, aunmeys fees and entRaing on the Propcxty to make repairs.Although Lender may take action unde�:�.is paragtaph 7,Lender , `�`".�,
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<br /> � daes not[iave to do so. �-�T'-.,,.�:�.,..
<br /> Asy amounis disbursed by I.ender onder this pa�raph 7 shall become addidonal debt of Borrowa secwed by this Security . :�,�"""��r- �'.."�.:, '.
<br /> :. ; Instr�eat Untess Borrow�and Lendei agree w other tenns of paysners.ihese amounts s4�all bear intesest(rom the date of -,��;;,,..�.
<br /> ,.�f disbuisemer►t at the Note rate and shall be le.with inteaesb upon na�fsom Lender to Borrower r aesting paymeni ��'��'µ
<br /> DaYab �! r�?.�+!+�;�'�riea"r''�ti;:r.
<br /> 8.Mortgage Insuraac� 1f Lendet reqnued mortgage insurfu�ce ag�a�ndition of malting dte 1�s�ured by this Security - � ..y"t,;�+,y
<br /> � � InstrGmenL Borrower shall pay the pr�minms required to m�ainmin the mortgage insvrance in effeu. If, for any reason.the "''��, -
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<br /> � ma�e insurance coverage required by Lercder lapses or ceases to tse in effect,Borrower shall pay the premiwns reciuired tn ��`��:.- ^.:� ., �-_
<br />' , �;,i . obtain coveaage subsiantially equivalcnt w the moltg$ge insurance previously in effect,at a cost subs*antially equivalent tn�he �.s•.t.���"
<br /> ���. -�
<br /> � t,:� cost to Borrower ef the mor�gage insurance greviously in effert,from an altemate mortgage ins�u:�r appa�nved by Lender. If '`."```4"; s;`,�<,��.
<br /> �i:a' substantiatly equav�tent mortgage insurance coverage is not avaiiable.Bortow�shall pay to Lended c�ch month a s�n equal to r''_;��'�i�'t����;; ' �_
<br /> � �,t�. -'.�+h�tt�.�.: ,
<br /> one.twelfth of thE yeariy mortgage insurance premium b�ng paid by Bonower when the insurance cov�aage lapssd or ceased eo � , . _
<br /> ba ia r,ffect.Len6er aill accep�use and retain these payments as a loss reseave in licu of mortgage insurance.Loss resen+e • „��. ;• .. -
<br /> , :�:;.," Fcv�f 3028 9l90 • ,
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