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<br /> ' � � • � -.i f 5.Na�ard or Progerty Insuranoe. Borrower sdall keep the ialprovements now existing or heseafter aecced on the P�+opeccy < .
<br /> msured aSa�rt toss by fire.ha�ards include�within ihe term "extended wveiage" and any other da�r�s, including flood4 or
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<br /> . . � �° flaodiing,for whicb L.endra requires insuzance.'Ibis insuzance shall be mainmiaed in the amounts and for the periods that I.euder .
<br /> _ � • 5 : .� requires.'Ihs u�sFUance caniea providing the insurance sdall be chosen by Boirower subject to I.ender's approval which shall not � . _
<br /> =' —__- be unreasonably withheld. If Borrower fa7s to maintain coverage descn'bed above,Lender may.at Leuder's option, obtaiu► --- � � _
<br /> ,' �- � � coverage w protect I.ead�'s rig6ts ia the Pmpeny ua accordance withh paiagrnQb 7. •
<br />- , � pn+na.,a,nsp policies and renewaLs shall 6e acceptable tn L.euder aad shari inct�de a standard mnrtgage clause.Leader s6all , � �
<br /> have the right to 6o2d the poliaes and reaewals.If Leader requaes.Bomower shall Pm�PtiY 8�ve to Leader all�ts of paid
<br /> premiums amd reaewal aotices.In the eveut of loss,Bomnwer sbail give prompt no6ce m the insurance canier and Leudea.Lender . .`
<br /> ? may make pmof of lass if not made prompdy by Boaower. � - :
<br /> , Untess Lender and Borrower otherwise agree m writing,insu�ance pmceeds shall be aPPiied to reswr�on or repair of the
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<br />'` t ' - Progerty damaSed.if the mswsation ar r+�air is economic�llY f�1►2e ancl I�ader's secauity is not lesseued.If the zesmration or . ,
<br /> �.;: repair is not economicaUy fea�ble or Ixa�dds seauity would be t�.the iasutance piaceeds shall be applied Lo the sams 4
<br />�; secau�ed by this SeGUity Instrumea��whethei or not the� due, with aay eacess paid w Honower. If Bormwea abandons the `� .`:-`�.�':..
<br /> ProPer►Y,a:does not aaswer within 30 days a notice fmm Lender that the insurance carrier bas offaed w seule a ctaun.then -- �:4���
<br /> . . .�j L�ader may collea the insurance pmcceds.I.ender may use the pmoeeds m repaic ar re.stoie the Propeaty or tn pay s�uns secaued �.
<br /> �- . ' ::; � hy this Sec�ity jnst�nen�whethed or not then dne.T6e 30-day pe�iod willbegin when the notice is giv�. • —_-
<br /> , . �; ; Ualess Lead�and Eosro�ver otherwise ag�ee in writin&�Y ePPU�°n of pmceeds m p�c'rya1 svall not auead or postpone -_ .
<br /> �'� � . ; � the due daie of the mont6ly paym�ts refetred ro in parag�aphs 1 and 2 or change the amount of the payments.If under paiagcapL . --�_
<br /> -� - 21 the Prc g a t y is s o quired by Lender,Borrower's right tn any;,��,*�n p pulicies and praceeds resulomg from damage w the _ :�
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<br />°:" • . �P�Y P�m��4uisiaon shall pass to T.ender w the eatent of the sums s�d by thi4 Security Instrument IInmediatcly �
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<br /> pacu w the acquisition. ' • :.,-
<br /> -�`t � • ` `"� 6.Qccapanc9.Preservation,Maintenance amd Prote�on of We Property3 Borrowes's l.oan App�cat�n;��olds. ` ,,�,'.::rl`:�;:
<br />`° . Bmrower shall oxuPY,establisb.and use the Prope�ty as Bmrmwer's prmcipal resideace within sixtY daYs a�er the execution of :. , :��.�_..:;;.
<br /> �� •„ -: ;._ ,.
<br />.:� ` � this Security Insnumeat and sLall contmue w occupy the Praperty aq Bozrower's prinapal residence for at least one year after the ;�»
<br /> - ll which consent shall noi be imreasonably witLhelcl.or anlcss ~�A�'{`.
<br /> = date of accapaacy, iuiless Lc,mdQa otheiwise agrees in wruing, .;� ;-,�:__-�-
<br /> ,,' � �nanag circumstances eaist whicb are beyond Bomowe,r's control.Boirowea s1�aD not desuoy,damage or impau tf�e Pmpercy, �.�,: ._
<br /> `� ' ' allow the Pcapeny w deteaiaiate,or commit waste on the Praperiy. Borrawct shall be in defanit if any fotfeiUnte acCOn mr � ,+ �
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<br /> ' • P��B,whether civ�or criminal,is begun thai in I.ender's good faith judgmens ca W d r e s Wt in f o r f e i d a e o f t h e P�o P�3'�T � .•-:�����:::
<br /> ��` � ' otherwise materialty impair We lie.n cceated by this Secu�rity Insuument or Lender's seQUity inteeest.Boaower may aae sacb a • ,a,.
<br /> . defautt and reinstate,as provided in parag�aph 18,by causing the act�n or pmceeding w be di�nissed with a rWmg that.in «.��.":.'�:
<br /> . des forfeiwre of the Bormwer's mterest in the Property or other material impaament of �.'��-
<br /> ' Lender's good faith det�minaation,piecln �,, -"..
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<br /> . tDe lien created bY this Seciuiry In�nrnea►t or l,e�der's security intesest.Bomawcr sha11 also be in defautt if Horrower,duriag the � �:�rt;�;_
<br /> ��' . ` loan appHc�tion process,8ave ma�eriaUy false or inaccurate infomiaoion or staiements to Latder(or faited w pmvide Lertder with ._:�:��..
<br />' �. . . , ' . .;, any matecial �formation) in cannection with the loan evidenced by the Note. includmg,but not limited to. representa�ons , ;.:���:
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<br /> �! �. ` concaning Borrowed's aecapancy of the Property as aprincipal resideuce.If this Securiry Inswment is on a leasehoul,Borrower , : :_-
<br /> p�ty,the teasehold and the fee title shaU �.�'"`
<br /> ', � shall wmply with all the provisions of the lease. If Borrower acquires fee 6tle w ihe Pro , . -i.�a.:
<br /> . . � not merge w�tess Le,nded agrees io ihc mc��in^.lritas�. ",:"-' �'
<br /> 9.Protefidion of Leader's Rig6ts in the Property. If Borrower fails to perfoim the wvenants and agr�eements conta3ned iu ;;�'`
<br /> - this Seauity Inst�umeat,or t�ere is a legal proceeding that may sig�►ificandy affect Lenda's rights in the Yropaty(sucb as a . .. �
<br />. � ' " . proceedmg�banlauptcy,probate.for condemnation or forfeiture or to eaifo�e laws or regulations),then Lender maY do and pay � ` : ;-�-`.'-'
<br /> for wbatever is necessary to protect the value of the Property and Lender's rights in the Pcopeity.I.enda's actions may Inc2ude . . -
<br /> pai+ing any sums se�ued by a lien whicfi has piiority over this Sec�uity Iastromen4 aPP�S in couri.FaYinB �easonsible
<br /> •. suomeys' fees and entering on the P r o p e rt y w make repairs.Although Lender may take action unded this paragraph 7,Lendea ._ ` '
<br /> �.• � ? docs not have to do so. ,
<br /> • My amoants disbursed by Lender under this paragraph 7 shatl become addidonal debt of Borrowear sec�ued by this Secarity . � . .
<br /> Instrument Unless Boaower and Lender agree to other tams o f payma�t, these amounm shall bear interrst from the date of • :
<br /> ' disbursement at the Note ratc and shall be payable,arith interes4 upon notice from Lender W Borrower requestmg payment
<br /> ' 8.Mortgage Insusance. If Leader required mortgage insurance as a coadidon of ma3cing the loan securcd by this Security ' •
<br /> �• • • Instrument, Botrower sS�aU pay the premiwns required to maintain the mortgage insuiance in effect.If.for any reason, the
<br /> mortgage insurance cove�age required by Lender lapses or cCases to be in effect,Borrower shall pay the premiums required to ,- �
<br /> °�- � obtain coverage sub��:ria33y cqaivalent to the mort�age insnrance previously in effect,at a cost substantiaUy equivalent to the _ ._ _ _
<br /> cost to Borrower of the mortgage insurance previously in effect.from an altemate mortgage insure�approved by Lender. lf . �
<br /> substantially eqwvalent mortgage insurance coverage is not available.Harrowcr shall pay to Lender each month a s�m�equal to � '.
<br /> � on�tarelfth of the yearly mortgage insurance premium beiug paid by Borrower when the insurance coverage lapsed or ceated W . ` .
<br /> • be in effec� Lender will accept,use and retain these pa�yments as a toss reserve in tieu of mortgage insurance. Loss reserve
<br /> � Form 3028 9�90
<br /> �,� �•BR(NEj(9Pt2).ot Paga3ot6 inuwle: :
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