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<br /> . . S.�Ia�rd or Iaroperty Insurance. Borrawet shall keep the impmve�ents now e�istimg or hereaftrr eaect,ed'on the Pmperty > .« ' `.
<br /> ' ins�ued agdinst loss by fae.hazards included wiWia the t�m"extended wverage"�d any other hazards,inclad�g floods or y. .'•. - .
<br /> ' IInodiug,far w6ich Lender requires insurance.T6is msuiance sdall be mai�nmined in the amounts and for the peiiads that Legder : . ,
<br /> ,. .<` requi�s.'t�e ins�aaace caaier providiag the uisatanae shall be chosen by Bortower subjecx to Lender's approval wbicb shaD aot , ` .
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<br /> � . ,� be �mreasonably withheld. If Boaower faits to mamtain coveaage desrn'bed above. Leadea may, at Lender's aption, obtain � ,.
<br /> :_.::-v coveaage w p=otect I.�tder's aghts in the Pmperty ia aocardanc.e with patagiaph 7. � ��
<br /> � . . Aii iruuzance poliaes and reaewals shall be acceptable tn Leader aad s�all include a standard mortgage clause.Lender shall • ,- -.`- .:-
<br /> • � d a v e t h e r i g 6t w hold the policies and renewats.If L.ender reqoires,Bormwer shati pra�P�Y 8ive rfl Lender alt�gL�of paid _ -<---;:. � .,,-.
<br /> . ?� p�iums aad renewal ua6res.In the eveat of toss,Bmrrow�st�all give pmmpt notice tn ttre insn:ance canier and Lender.I.eadea _'�. c
<br /> _ • � may make Proof of ioss if not made pron►F�Y�Y Borrower. ' . .
<br /> IInless I�eaider and Boaowea otheaarise agree in writmg,ins�uance Praceeds shall be applied tn resmration ar repair of the ,
<br /> , . . pmpatY dama8ed, �the c�on or repair is eoonomi�allN feasble and Lender's security►is not IesseAe�.If the rest�atian or -
<br />� � , repair is noi ewnomicallY feasble or Lender's secutity waatd be lessened,the ins�rance pmoeeds shall ise spplied to the su�ns ; ...
<br /> . secured by this Seauity Ias�n�i,whether or not then due.a+ith any excess gaid tfl Baaawer. If Banowea abandons tt�e .� �. ,.�.
<br /> . � prope�ty,or dces not answer wiYhin 30 days a aotice f�a Lacdca that the�.saaance carriea Ir�s offaed ro seute a claim,then � :�,--..-:-
<br /> . � L,endea may colleci the nmvuante Pmoeed.s.Ixader may use the proceedg to repair ar resture the Prapert�r ar w pay sums secu�ed , _ .�-
<br /> whether ar not then due.'ihe 3Q�day peaiod wHl begia when the notice is giveu. °-�'..-
<br /> . by this Secacity,Instrument, r`' —
<br />_ � , . .� Iicatioa of to shall not extead or postpane •.,- ''� • %;,u_
<br /> U n l e s s L�e n d c a mm d B o r r o a e r o t h e r w i s e a g c e e in writin g,an Y a P P P1°� �� ��,.. '
<br /> en
<br /> the due date of the monthty payments refeaed to m paragtaphs 1 and 2 or ch�ge the amoant of the Faymeuts.If ander pa�ag�apb :5. '�
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<br /> • � 21 the PcoP�Y� �1�bY��,Botmwer's right tfl any insuraace puffcies and pmceeds resoltmg from datnage w the . ; �-
<br /> : _ '_.�. �P�Y�or to the acquisirion shall pass w L,endea m the extent of the sams sec�ued by this Security Iasnuiuent immediaiely �`�
<br />-_ �. a prinrmtheacquisitian. ::- :�:.,�_
<br /> - 6.Oocapancy,Fresesratian,Maintenance and PtotecHon of the Property: Borrower's Loan AppH�satiton;Leasehofds. . --�:--
<br /> ,- , �� • Bormwe�shall accapY,es�blisb.and ase the Propary as Borcowea's prtncipal residcmcc withm sixty days after the execattian of : , �-.�
<br /> y.�.�
<br /> this Seaui Insuumeat and s6all continue tn occupY�e�P�Y as Bosmwa's prinapal residence for at least one yea�r aftra the T� i,
<br /> Y _ • .� ty whic6 cos�seait s6ail not be unreasonably withhetd,or untess . ...._.- _�
<br /> date of accupancy,untess I�eadex otheawise agrees in writin8, �,..��_:.
<br /> e�ctenuating cua�s�s exist wb�ich are beyond Boicow�'s conuoL Bmrrower shall aot desteoy,damage or impas the PmperiY, ' ,�.��_
<br /> � at�ow the Praperty w detertosat�,or commit waste an the Aoperty.Boaower shall be in defanit if any fosfeimre acuan or `.:`.-��--
<br /> -. - P�o�tting+whet&er civil or criminal.is be8an thai iu I.ende,r's gaod faith judgment coutd result�forfeipue of the Prape�jr or ` ' ��''.'�;:�
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<br /> � othe�wise materially impair the lien created by this Seauiry Instzument ar Leaidea's security mteae.st.Borrowea may cure such a . ,io
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<br /> default and remstate.as provided i�paiagtapb 18,by caasmg th$attion or pmceeding w he dismissed wIth a mling @�t, in, . •;,>�
<br /> ' Lendea's good faid�detemunation,psecludes fosfeimre af the Bormwer's interest in the Pmpeaty or othea material imFaim►ent of ; .�:.�
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<br /> ,� :; ` ihe lien cre�ed by this SepuIty Insaurr►eut or Imder's security mierest Bottower shaIl also be in defaulc if Brnmwer durmg the :...�.f,.,
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<br /> toan aaplicatwn prooess,gave materiali}►faLte ar i�accauate iufo�a�ation or shatemee�ts tu Lende,r(ar fm'led w provide Le�der a►itb .-_:;�
<br /> � . aay matedai inforination) In camection with the Ioan evide�r.ed by the Note. iacludiag,but not limited to, r�tarions , " � ..'``-_-
<br /> , . � , concerning Borrower's oca�ancy of the Propeaty as a principal residence.If this Secarity In.4truncent is on a Leasr�ol�.Borrower . ., •-._�:';,=_-
<br /> sball comply with all ihe provisions of the lease.If Bairower acqui�.s fee 6tle to the Fmpeaty,the teaseho2d and the fee titte s6all . . , ,:. ;}.,;,
<br /> , � ' not meage uN�ss I.ender agrees w the meager in writ�g. .. ' .:��,,�
<br /> 7.Profectian of Lender's Righta in the Property. If Borrower fails to petfrnm the wvenants and agee�ae,nts contamed in . , . #
<br /> � � this Seauity Insuumenl,or there is a legal proceeding tLat may slgnifiqnttyr affect I.ender's righis in the Property(s�ch as a _ . .,�=
<br /> ' at
<br /> ��' � Dmceed�ng u�bankroD�Y,P��•for candemnation or farfeinuue or to e n foroe l aws or ne g u l a t ions),t h e n L e a d e r m a y d o a n d p a y �� �. ;_
<br /> .. � 1
<br /> for whatever i�n�+to protect the value of the Property and Lender's rights in�he Aoperty.I.endea's actions may include ` '��
<br />�:�_ � reasonable I'�`
<br /> DaY�� �Y � sec�ued by a lien which has yriority over this Seaaity L�swmen6 appeasin8 in wnn,FaY�B . :;=..,.-
<br /> ' auomeys' fee.v end ent�erir�g an the Property w rnake repairs.Although I�ender may talce acxton under�s pat�aph 7.Legder , . ,, �',;:,.:,,
<br /> � daes not have m do so. � � '
<br /> � Aay amouats disbursed by l�dea nndea this paragraDb 7 shall berame additional debt of Borrowea secured by e,"ais Secarity � . ... .
<br /> ., _ •� Ins�ramen� Unless Boimwer and Lender agree to othea teams of paymen�these amounts shall bear�terest from the date of . , .
<br /> � disb�use,ment at ihe Notc rate and shall be payabte.with interest.uyon noticc from l.ender w Borrowa requestin8 paymen� � . . _ .
<br /> �..�ti. �.11Rortgage Insarance. If L.eadet required mortgage insarance as a a�ndition of matcing the toaa secured by this Securiry ., .
<br /> � . Instrumen� Bomaw� shall pay ihe premiwns requ'aed to maintain the mortgage insurance in effeq. IP. for any reason, the . .
<br /> .� ; • � mortgage insurance coverage required by Lender lapses ar ceases to be in effect.Hmr�er shall pay the premmms required w . . '
<br /> � : obtain coverage substantially equivatent w the martgage insurance previously in effca,at a wst substantialty equivatent w the , . . . .
<br /> � cost tn Boirower of the mortgage insuiance previously in effect, from an altemate mong,age insusea approved by Lendea. 1f ,
<br /> substantially equiva]ent mortgage insurance coverage is not avaitable,Botrowea sl�all pay to Lender each month a sum equal w � . ,
<br /> one-twelftl�ot the yearly mort�ge insurance premium being paid by Bomnwer when the insurance covere8e tapsed or ceased w �
<br /> . ' be in effect. Lender will acccP�ase and retain these paymenls as a loss resen+e in lieu of mortgage insurance.Loss resetve . •
<br />_�;'� + Form 8028 9/90 �
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