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<br />. � � ' ; ' ... -
<br /> ` " S.H�rd or Properly Insw�aace. Borrowex shall keep the improvements now ca�isuag or hereafter ereaed on the Propercy� . : ;' �<
<br /> .. " insured agxinst Ioss by fire.har�rds mcluded within the t�m "extended covecage"and any�ther haraids.inciuding ftoods or� �,'A:.
<br /> • Rooding.for whict�Ir.ader requires insmance.This insurance shall 6e mainta.ined in the amounts and fos the periads that lendea � ` t.JF,:::-
<br /> . . requires.The�ce cani�providing the ias�rance shall be chosen by Borrower subjKCt to Lender's approval which shall not • _
<br /> � be unreasonably withheld. If Bormwer fails tn maintain coveiage descn'bed above. Leuder may,at I.eader's option,obtaiii�`
<br /> wve�age to protecc I.ender's rights�the Property in accordance with paragrapb 7. ' '"'
<br /> _ ._-_ - AlI ia�uance policies and reaea+als shall be axegttaDte to Lend�and shall iaclude a standaYd mortgage clausc.Lendea shall� s£ :_
<br /> '. `. , have the right w hold the policies and renewals.If Lender requues:Borrower sLall promPilY Bsve to Lender all receipu of paid� ; ,` � .
<br /> "r� " ...�,... '.: .
<br /> � premiums and renawal notices.In the event of loss,Borrowea shall give pmmpt notice to the insurance carrier and Lender.Lender N . . :,i � • '
<br /> . , may make psoof of loss if not made promptly hy Barmwer. _. _
<br /> � Unless Lender and Borrowea othe�vise agree m writing,msurance Pmceeds shall be applied w restaiation or repair of the .
<br /> -- F. `.-
<br /> �P�Y�5�,if the restoration or repair is e�onomicall5+feasfble and I.end�'s security is not lessened.If!he c+esoordiion or . -
<br /> � repaff is not economically feasible or Leadcr's seauity woul�be Iesseaed,the insivance groceeds shall be applied to the s�uns �.��`:` ..��L.
<br /> ` secured by this Security Instrumeat, wheth�or not theo dne. witl►any excess paid to Bomowea. If Borrower ahandons the
<br /> .: <:': .,�-�
<br /> . Pnoperty,or does aot answer witf►in 30 days a notice frnm Lender that the insvrance carrier has offe�+ed to settle a claim,then �' �.�-`.: � ��• `::
<br /> � I�ender may callect the insur.mce praceeds.I.ender may vse the pmceeds to repair or�store the Praperty or w pay sums secured _
<br /> � � by this Security Instramenb��er or not then due.The 30-day period w�l begin w6en the notice is given. ... 4:-_
<br /> • Unless I.endea and Borrower otherwise agree in writing,anY BPP�on of proceeds to p�ciPal shall not exte�cd or postpone . .. -
<br /> ` the due date of the monthly payments refecred tn u+ParagraPl�s 1 and 2 or change the amount of the payments.If unda paiagraPb : �.:-
<br />` 21 the Ptopeaty is acquired by Lendea,Bortower's right to any insurance policies attd pioceeds resultutg from damage W the • �.` .�. �:-
<br /> � '` _
<br />.r . _. pi,op�rty prior to the acquisition shall pass io Lendea tn the eatent of the smns secured by dus Security Insp�uim�t immediately ..„--
<br />- � • . ' prior to the acquisi6on. -`- .
<br /> . � � 6.�capancy.Prc4ervation.Maintenance sud ProtecSos otthe Property, Borrower's Loan AppUcation;I.easehot�s. ��', • �__
<br /> � Boaawer shall occapy,establish,and nse the Propeaty as Borrawer's principal resideace withiu sixty days after the exe�tioa of '..:-:., .�� -t;F.=_
<br /> .'��=_
<br /> ' � this Securiry Insenueea+t and s6aD conrinus w oecupy the Pmpesty ag Botrowec's princiPal resid�ce for at least one year aftea the • t•>:,.�•.t r.=-_
<br />- . . date of occupancy,unless Lender olherwise ag�ee.s in wri6ng, which consent sdall not be unrea4anably w�hheld.or�mless �.;.,�;.,;. _-.�,-s,
<br /> agr
<br />_ • V.•; e x t e nuatin g cucuu�srances eaist which are beyond Borrower's cammL Borrower shall not desuoy,damage or impair the Pmperty. ,.��-:_,
<br /> " �� altow ti�e Pmpe�tY to deteriorate,or commit wagtc on the Paopaty. Borrower sha11 be in default if aay fo r fei�ue acdon or ,.:,r.::; .- -
<br /> . �.{;.A".`.. -
<br /> . pmceeding,whether civil os cximinal,is beSun that iA Lender's gaod faith judgment conld resutt in fosfeimre of We Propecty or ,� ---
<br /> � ' otherwise maieriaUy impair the tien created by this Secwity Instntmeat ar L.ender's seanrity iateaest Borrow�may cure such a .. . .
<br /> � ..l default and reinstate,as Provided in pazagraph 18,by causing the action or proceeding tn be dismissed with a rulin8 ih�.in ;-,__--
<br /> a agra ,.
<br /> � I.ender's good faith detcrmination,prectudes forfeiwre of the Borrower's interest in the Property or other material unpairmeat of •:;�
<br /> � the lien c�atcd by this Secwity Instrument or Lcndea's sa�aity intaesi Borrower shall also be in default if Borroaer,during the ..
<br /> . ,� loan application process.gave matraially false or inaccmate infomtation or statemenis w 1.ender(or failed to provide Lcnder aith , , " _-_
<br />�.:: .� � . . _ any cnateaial information) in connoction with the loaa cvidea�ced by the Notc. ineluding.but not litnited to. rePreseatations :.'r j:�-:,
<br /> ' � coaceming Borrower's accupancy of the Property as a principal residence.If this Securiry Instrumcnt is on a teasehold.Borrower . .�r;_
<br /> - �. � . shall comply with all�he provi�ions of the leasc.If Borcowcr acquires fee tide w the Properiy.the leasehold and the fee dde sball , , �,;-
<br /> • •' not mcage anless I.ender agrees to the mcrger in writing. ' '`�''-
<br /> � 7.ProteMion ot Lender's Rights in t6e Property. If Boaower fails w perform the covenants and agreements contained in ;::,� '__
<br /> � . . • this Security Instrumene,oi there is a legal proceeding that may sign�candy affect Lender's rights in the ProPeatY(such as a :a;.:
<br /> •• � pmceeding in bankruptcy.probate.for condcmnation or forfeiture os to enforcc laws or regulations�.t hen L en der may d o an d pay . � :�.
<br /> � for wharever is nece.ssary to protect thc value of�he property and l.cndcr's rights in the Propeaty.l.eader's acdans may ircclude � •=3�
<br /> paying any sums scx�ued by a lien whicA has priority over this Sec�rity Insuument,appearing in caurt. paYinB teasonabte '' � `.'
<br /> auomcys' fees and entering on thc Properry to makc repairs.Aithough Lender may take action under d�is paragraph 7,Lender , . ' � �= :�
<br /> �' � '` does not have to do sa. - �
<br /> ��;; Any amounts disburscd by Lender under this para�aph 7 shaU become addidonal debt of Borrower seca�red by this Sec�uity . . .
<br />' � � ; Inswmen�Unless Borrowcr and Lender agrce to o�her terms of payment,these amounts shall bear mterest from thc date of .
<br /> - � � ' disburserrcent at the Notc ratc and shall be payable,with interest,upon nouce from Lender w Borrower reque,sdng payment . . :
<br /> 8.Mortgage Iasarance. If Lcnder required m�rtgage insurance as a condition of making the loan secured by this Security � .
<br /> � Insuumen� Borrower shall pay the premiums mquired tn mainlain 1he mortgage insurance in effec� If, for any reason. Ihe . . ..
<br /> ' mortgage insurance coverage requued by Lender tapsea or ccases tn be m effec�Bormwer sha11 yay.thc premiums reguired w o .
<br /> -;�;� obtain coverage substantially equivatent to the mortgage insurance previousty in effec4 at a cost substantially equivalent tn the ,
<br /> � • • cost to Borrower of ihe mortgage ins�uance previously in effect,from an altcmatc mortgage insurer appioved by Lender. If �
<br /> �u
<br /> � � substantially equivalent mortgage inswance coverage is not avaitable.Borrower shall pay to Lcnder each monih a sum equal tn � , • �
<br /> � °• ' � onGtwelilh of the yearly mongage ins�uance premium bcing paid by Borrowcr when the ins�rance covetage lapsed or ceased to ; � .
<br /> . • �i be in eifec� Lendcr will acccp�use and retain these payments as a loss reserve in lieu of mongage insurance.Loss reserve .
<br /> � ` ' Form 3028 9l90 '
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