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<br /> S. Hiu►�rd ur Yrupertr Intiur.u��. t3urru«��r .hall I.ccp U�c impru�cmrnt. nuw rxitiuu�: ur hrrraltcr rr�rtrJ �,n �hr
<br /> I �Nroprrty in,urcd aE�urni lu,�hy lirc. haiard+ includcd within thr tcrm "rxtrn�lcd ruvcrapr° �utd any��thrr h:vard�. inrludfn�t
<br /> � �luikiti �.�r Iluoding. li�r«hich l.cndcr rcquirc.in�ur:mrr. "1'hi�in,uranrr ,hall hc newttainril fn Ihr ;unuunt+:utd fi�r thc prriudti
<br /> thai l.cndcr reyuir«. Th� insuruncc carrirr pruvidin�!th� in�urunrc+h.ill hr rhu�rn hy liurruwrr +uhjcct w L�ndcr', appruval
<br /> �vhich ,h��ll nn� he unr�,i.imahlv withhcld. If Hurruu•cr fail,w nsiiniain ruvcra�!r Jr�rrihr�l ahuvr. LrnJcr may. at I.rndcr'+
<br /> ,� uplinn.ohtuin cuvcra�ciu prutcct l.cnJcr's right�in thc Nruperty in arcurdanr�wilh pur�i�;r.�ph 7.
<br /> ' All imuranrc p��licic�anJ rcnewals sh�dl bc arrcptublc to Lcndrr and .hall includr a ytand:uJ mun�agc rL•wrc. Lcndcr
<br /> j,,,,�,-.u=� +hall have the right a� iald the pulic�es and renewal+. lf l.en�ler rcquirc,.Horrowcr,hull prumptly�ive tu l.rnder ull rcreipt+nf
<br /> , �' paid premiunis and renc��al nnticcs. In thc event ol'lu+s. Bcirruw�r shxll givc prump[ nu�irr to die insurance rarrier and [.cndcr.
<br /> , Lendcr may makc proo(oF lo�s if not mudc pn�mptly hy Bc�rrowcr.
<br /> Unless l.ender and Bcirrowcr othcrwisc agrec in writin�:,intiur.mrc prucccds shall bc upplicd to resturation ur repair of the •
<br /> � Property damaged,if ttx resroration or rcpair is cconomically feasiblc anJ Lendcr's ticcurity is not Ieti+cned. If the restoration or
<br /> � repair is not cconomically feasible or Lcndcr'+ sccurity wuulJ bc IcsscncJ, thc insurancc proceeJs shall bc applied tc� thc sums -.
<br /> � `� sewred by this Security Instrument, whether or nut then due. with any excess paid tn Horrower. If Borrower abundons the
<br /> �• Property, or does not answer within 30 days a noticc from L.ender that the insurance carricr has offered ta settle u claim, then ti�
<br /> Lendcr m�y collect the insurunce proceeds. L.enJer may use the proceeds to repair or restore the Property or w puy sunts �:
<br /> � secured by this Security Instrumcnt, whethcr or not then due. The 30-day periaci will begin when the notice ix given. -=
<br /> Unlcss Lendcr and Borrowcr utherwise agree in �ti�riting, any upplicution of proceeds to principal shall not extend or �`-
<br /> postpone the due date of the monchly payments referred to in paragraphs 1 and 2 or change the amount of the payments. If �`_`_•
<br /> under paragraph 21 the Property is acquired by L.ender. Borrower's right to any insurance policies and proceeds resulting from ---
<br /> ' � damage to the Property prior to the acquisition shall pass to L.ender tc�the extent of the sums secured by this Securiry Instrument
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<br /> immediately prior to theacquisition. —
<br /> ��. � 6. Occupnr�cy,Preservation,Mnintenance and Protection of the Property; Borro�ver's Loan Appl[cc+tion;Leaseholds. ��-
<br /> � Borrower shall uccupy,establish,and use the Property as Borrower's principal residence within sixty days after the execution of _ �-
<br /> this Security Instrumenl and shall continue to occupy che Propeny as Borrower's principal residence for ut leust one year after ;Q�'
<br /> thedate of accupancy,unless Lender otherwise agrees in writing, which consent shull not be unreasonably wi�hheld, or unless �`'
<br /> extenuatin� circumstances exist which are beyond Borrower's control. Borrower shall not destroy, damage or impair the
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<br /> Property, allow the Property to deteriorate, or commit waste on [he Property. Bottower shall be in default if uny forfeiture �
<br /> �� �� �- "^�'^R ^I r7L:'�!^^o, khPthnr��yj! �r rnmina,� ic h��nn tl�;�t in (rnrl�r'c annrl faith iudament could result in forfeiture of the �.:.-�
<br /> Praperty or otherwise n�aterially impair the lien created by this Security Instrument or�Lender's security interest. Borrower may
<br /> cure such a default and reinstate,as provided in paragraph 18,by cuusing the action or proceeding to be dismissed with a ruling ��;
<br /> that, in Lender's good faith determination, precludes forfeiture of the Borrower's interest in the Propeny or other material Q''
<br /> irnpairment of the lien created by this Security Instrument or Lender's security interest. Borrower shall also be in default if =
<br /> � Borrower, during the loan application process, gave materially false or inucwrate information or statements to Lender(or failed --
<br /> � to provide Lender with any material information)in connection with the loan evidenced by the Note,including,but not limited =
<br /> �`�t' '"' to,representations concerning Borrower's occupancy of the Propeny as a principal residence.If this Security Instrument is on a _
<br /> ''s� leasehold, Borrower shall comply with all the provisions of the lease. If Horrov�er acquires fee tide ro the Property, the _.
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<br /> �:�.�,;...-, le;�schold and the fee tide shall not merge unless Lender agrees to the merger in writing. -
<br /> :�:,�.` 7.Protectlon of Lcnder's Rishts in the Property.If Borrower fails to perform the covenants und a�reements contained in
<br /> - °'""�� this Security instrument,or there is a le�al proceeding that may significantly affect L.ender's rights in the Property (such as a -___
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<br /> ��.�:,����� proceeding in bankruptcy, probate, for condemnation or forfeiture or to enforce laws or regulations),then Lender may do and
<br />_�15,"�._�" pay for whatever is necessary to protect the value of the Property and Lender's rights in the Property. Lender's actions may
<br /> -_�=':'� include paying any sums secured by a lien which has priority over this Security Instrument, appearing in wurt, paying �,_
<br /> _._;�;;o� reasonable auomeys' fe¢s and entering on the Propeny to makc repairs. Although Lendcr may take action under this parngraph
<br /> -�;—"'� 7,Lender does not have to do so.
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<br /> _ �� Any amounts disbursed by Lender under this parAgraph 7 shall become additional debt of Borrower secured by this
<br />'=.��=r�ee�. Securiry Instrument. Unless Bonower and I.ender agree to other tcnns of payment, these amounts shall bear interest from the =
<br /> `'���� date of disbursement at the Note rate anci shall be payable, with interest, upon notice from Lendcr to Borrower requesting
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<br />`"'�';``{'� 8.Mortgage Insurence. If Lender required mongage insurance as a condition of making the loan secured by this Security �
<br />"-'_�-� Instrument, Bonower shall pay the premiums required to maintuin the mort�age insurance in effect. If, for any reason, the -_
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<br /> ���g`'' mortsage insurance coverage required by Lender lapses or ceases to be in effect, Bonower shall pay the premiums required to _
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<br />`�--?-•' ••�� obtain wverage substantialfy equivalent to the mon�age insurance previously in effect,at u cost substantially equivalent to the --s
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<br /> .. '..:� �� cost to BotTOwer of the enortgage insurance previously in effect, from an alternate mortgage insurer approved by Lender. If =�
<br /> • substantially equivalent mnngage insurance coverage is not avniluble, Borrower shall pay to Lender each month a sum equAl to --
<br />- ane-twelfth of the yearly mortgage insurance premium bein�paid by Borrower when the insurance coverase lapsed or ceased to ,,-
<br /> , be in effect. L.ender will accept, use and retain these payments as a loss reserve in lieu of mortgage insurance. L.oss reserve
<br />=. Form 3028 3/90 .�`
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<br /> , ' , Pope 3 nl 8 _
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