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<br /> x . S.Bazard ar Property Iasmraaoe. Boaower sdall keep the improvemants now exisring ot hec�eafter ereaed on the Pro�rty � � . ` ;
<br /> ' ' � , insuted agamst Ioss by fre,da�rds inr.luded wittiin the tc�m "exteaded coveaage" and any othei 4�ards.inct¢d'mg floods or :. `. .' `c�., '.
<br /> ``' ` -= floodiu8,for which Leader requises ins�ttance.lbis msurance sEall be maiatained m t3ce amaunts attd for the paiods that I.entdci , .
<br /> �'� � •""`�� requi¢�c.1Tie iast�rance�providiung the instaaace strall be chosea by Boirower subject tn Leader'c apgmval whicb shall nat � .
<br /> �" � - be �un�onabiy withhetd. If Boaower fa7s ro maintam wverage d�ed above.I.ender may, at Leader's o�don,obtain .
<br /> -. - - - cov¢aage to protect Ia.ader's rights in the Propetty in acca�dance wit6 p�a�'ap6 7. _ _ s _ '-
<br /> � . pll insaranoe policies and renewals shail be acce.ptabtc to Le�uder mmd shall incWde a standaN mortgage clause.Lender shalt .� .
<br /> , � ' have the right w bold the po�icCes and reaewats.If Leader r�,Bonower shall P��P�Y�'e to I.endea all receipts of paid = `
<br /> 4� . .
<br /> '= � , ' � premi�s aad�eaea�al Qolices.In the event of 1nss.Boaowe�si�aIl give p�mpt natice to the insu�ans��aad Lend�L$nder ��. :�,, ' .
<br />_;-} ° r- � ., may make pmof of Zoss if not made pmmPilY by Bamower. ' .. , -
<br />- � Unless Ir,ndes and Bomnwer othecwise ag�ee in writing.ias�n"a�►oe Proceeds shail be applied oo restoration or repair of the Y -
<br />.�`.� ` . pcopeatq d�naged.if the zesooaarion ar�is economirally feasible and Lender's s�aurty is not lesseaed.If the rc,swration ar < � `
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<br /> . .. . repair is not ecanomic�ally fea�Ie or I.endea's sec�iry wonW 6e les�ened,the ms�ance pmceeds sl�all be applied to the s�uns =
<br /> _�'�; • secaaed by this Sec�tiry inc�.,,�,pn�, whethea or nai ttt�dae.witl�anY exc�sv Paid to Borrowea.If Barmwer abandons �he :.,� -
<br /> ` . . ' propecty,ar dors not answer arithin 30 days a notice fmm Iender that the�c�ar�ier das offe�d to seute a claim.then ` . _
<br /> .- Leadea may callect tAe msuiance pcocee�.L�der may use the pruceedv W=epair oz restoie the Pcoperty ar to pay sums sec�red ��5:�—
<br />''• ' .' �_:r ,' .' by this Se�ity Inst�um�t,whether or not then due.lhe 30-day p�iod arill begin wh�the notice is givea. ',:,,w;,�-
<br /> � Un2ess Lender�d Bonowea otheawise agree in writing,anY aPFlication of pmceeds ro pru�l shall not e�r►d ar postpane �':
<br /> 4 < ; ts refeaced to in paragraphs 1 and 2 or c6ange the amount of the paym�.Zf�der pmza�aph � �_
<br /> s, the dae daie of the monthly paymen
<br /> , 2i the Propeatyr is acqu�ed bY I.�dea,Bmmwer's right w mry ms�ance policies�d pioceeds rc4ultimg fmm damage tn the _...: _- �-��-
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<br /> . Propeny priaF w the ac�uisaron sball pas4 to Lander w the exteat of the sums secured by this Scxumy Inst�ument immefiately ., , �:�:
<br /> prior w the acquisi�on. .. '`� ��-
<br /> 6.UccuAanc9.Freseevatton,Maintenance and Frotection of t6e Properiy3 Borrower's Loaa Appli�tinnt Leaseholds. . i, ,:._""
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<br /> _ . � �._ .• :;�:� Boaowea s4aI1 accapy,esta6lish,and use the Property as Bonower's principal msidence witbum suty days aftca the executioa of •. ,�.
<br /> .. : ;4 ��"� �;..
<br /> t6is SeauitY Tastcument and s6a11 condnue Eo accapy the A+ape�ty►as Borrower's principal zesidence fnr at Ieast one year after the ` "' '.?-�.�
<br /> . ' ` date of accupancy, an'ess I.eada othetwise agcees in cvriting, whicb consc.nt shall nat 6e�uueasonabty wid�he2d,or unIess `.�� � '�k���u
<br /> '`, -' exte,nnaimg circumsqnces e�ist wtrich are 6eyond Brnrowa's contml.Boaower shall not desu�oy,damaSe or impair the Pmpeaty, • . �-.'�"�
<br />. � - �.- :T��;�
<br /> �' `. y . atlow the Prop�ty to detraimate.or commit araste on the Praperty. Boimwer shall be in defantt if any forfeiauc acflon ar ' • . _
<br /> .° � � � Praceeding.whethea civil or aiminal.is begun that in Le.ada's gQOd fattb Judpnent coWd resatt in forfeiture of the Pmperty or , �_
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<br /> �" '� ., othe�vise materiaIIy imPair the tiea c�eated by this Security Insuument or Lender's security mtenest.Bmrmwer may cure sncb a `�`�'. +� ,,-
<br /> � ' defanit and reinstate.as provided in paragraph 18,by causing the acaon or proceed'mg w be disrrusse�with a mling d�at,in . - �`�',
<br /> � � L,eader's guod faith Qe�atian,PrecIades forfeinue of the Borrowes's iate�est in the Property ar other material impairment of . :.-.� --
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<br /> ..� � the fien created by this Sec�aity Insavment or Lcnder's secnrity uit�eaest Boaower shall also be ia default if Bomower,d�ing the - � `�:�rs
<br /> � �. . -::: ioan agplication procesg,gave mate�sally fatse or inacauate infomnadon or statEmeats to Lendea(or fa�ed w provide Lender with : • ��y�is-
<br /> :_ '. • � any materlal informazioa) in cannection witb the loan evidenced by the Note.including,but not limited to.represei►tations . :'��`� -
<br /> , . coa�g Borrower's accvpancy of ilie Pr�open�►as a Prin�ipal residence.If this Securiry Insmiment is on a leasehotd,Horrowea . ,. � �
<br /> ��. " . perty.the leasehold and the fee dde shall .. ''��'
<br /> . : shall wmply with all the pmvisions of the tease.If Horrower acquires fee title w the Pro ---
<br /> :� ' . not marge unfess Lender agrees w the meag�in writin$. : � °�°-
<br /> ?.Protestloa of Lender's Rig6ts m the Froperty. If Borrower fails to perform the covenants and ag�eements camtained in ' � :�°.
<br />'���• �" " this Seauity Iasuumea�or ihere is a Iegal Proceeding that maY si8�c��1y effect Lender's rights in the property(such�s a , �.:,.�`
<br /> - ' � '' ��. proceeding m baniuuptcy,Dmbate.for conde,mnation m fotfeiwre or w enforoe laws or regnlarions),then Lender mayr do and pay --
<br /> _ � for whatever is ncxessary w protect the vatae of the Property and l.ender's rights in the Pmge�ty.l.ende�'s actions may inctude �
<br /> .�,r: . . P$Y�g �Y sums secured by a lien which has priority over this Securiry Inswment�aPP�B in court,PaYmg reaso�table ..
<br /> . �� � .. .'. auomeys'fees and enter6ig on the Prapcaty to make reyairs.Although Leader may take action under this paragraph 7,Lender
<br /> . ' does not have w do so. ' • '
<br /> ' ; Any amounts dishursed by Lender onder ihis pa�a�aph 7 shaU become addirional debt of Bmmwer secaued by this Security . .' '.
<br /> Instrumrait Untess Baaowea and Lender a�ee to other teims of yayment,these amonnts shall bear interest from the date of . .
<br /> �" disbmsement at the Note rate aad shall be payable.with intcresb upon notice from Lendea Un Borrower requesdng yayment : :
<br /> �' : � 8.Mortgage Insuraace. If Leader reyaired mmtgage insu:ance as a condidon of making the loan secured by this Security .
<br /> •±•�` '` Instrument, Borrower sUaU pay the premiums required tn maintain the mortgage iasurance in effect. If, far any reason, the : ,
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<br /> � � � mortgage insurance coverage required by Lender layses or ceases to be in effect.Boaower shaU Day the premiums required w _'?' , .-...
<br /> : '�� obtain wv�age substandally ec�uivatent w the mortgage insurance previously in effect,at a cost substandally eguivaleni to the . .
<br /> . ' cost to Bmrow� of the mortgage insurance Dreviously in effect,from an aite�natc mortgage instuer appi'oved by I.end�If ..
<br />_ � � � su6stantiaUy equivalent morfgage insurance coverage is aot avaitable.Borrowet shall p2y to l.ender each month a sum equal to . ,
<br /> •�.� � on�twelhh of the yearly mortgage insurance premium being paid by Borrower when the ins�uance coverage lapsed or ceased w : �
<br /> ?'. 6e in effect Lender will accep��.se and retain thcse paymencs as a foss reserve in lieu of mortgage insurance. Loss reserve : .� ,
<br /> t• � � Form 3028 9/90
<br /> � �-6A(NE)lsz�2�.a� Papo3of8 imaais: .
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