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<br /> . .. , ' S.HaTard or Fmperty Iosuran�omnwer s�al1 kcep ihe�pmovanents n�w e�g ar ise�eafterr erected oa the Pmpeaty . .
<br /> ia�ed agaQUSt loss by fue.ha�ds in�luded nrithtn the t�m"e�ctendeA caverage°and any other har�d,�,inctuding Qaods or . ` ;� j:•�,
<br /> . . ga as s ..� .� � .
<br /> . � aaodia8,far whict�Lend�requues insvranoe.'ibis insivance shall be maintamed'a►die aaiounts aad far the peaiads that Leada `� , . _ •
<br /> ;�_ ;,�
<br /> ' ` requir�s.The ms��oe canier providing the insivance sball6e ed+osea 6y Boa�wer sub1ect m L�nder's appmval wdich shall not . , .
<br /> --. be un�easonably wiihheld. If Bairower fa�ls tn maintain ooverage descdbed above. Leader may, at Leader's opiion, obtain �� ._ �:;� :4`,;
<br /> - - . - - coverage to proiea Leader's ri�tt�in f�e Frape�ty in�ce aitD�?. = � - - _�--
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<br /> , .� All ms�uance policies and reaewaLs shall 6e aeceQtable to I.en�er and�daU iactude a standard mwtgage ciau�e.Leud�shall �.4- 4 _c��:�
<br /> '•. - have tfle r�ght ta twW the policies and renewals.If Leader cequues,Houower shall P�PUY�e to Lender all receipts of paid �' .
<br />'=<�. pmmmms and reaewal notir,es.In the e�ent of loss.Borrowea shaII give prompt notioe to the insurance caaier a n d L e a d e r.L.e n d e r .< <
<br /> - •...� ". msy maIa�gmof of Ioss"ff not made promp8y by Baamwet. 4 '� : .• �`.,,,"`
<br /> - � Untess Lende�and Bonowa athera+ise agree ID writinng,fnsurear.e procee�s sba11 be applied tn res�a�on or�pair of the �._.
<br />``�� 7. - : �I�Y�5�•if die restvraCOn or cepair is economically feas�Ie aad I.�de�r's secauigr is not 1�ssened.if the ressosation or . :,.�
<br /> � ' �•�`- �-
<br /> . . repair is not economiqIly f�le or Lendei's�.v�ity wou2d 6e trss�►ed.the ia�ance ptoceeds sl�all be applied m the sums ,:..°�:��;
<br /> `: ;. ,�-.
<br /> ;c ` _ � ` s�by tbis Se�tuity IastivmeAt,whether or not th�due.with any eacess paid to Bouower.If Botmwer abandons the - _
<br /> �`_. - i. Pmpeity,or docc not a�oswer withm 30 days a notice from l,eadea that the ins�ce carreer has offered to seuk a claun,th� ',��"� -
<br /> , I eader may couece the ms�ance psoceeas.l.e�uaea may use the proceeas w iepau ar�nre the Ptope�ty or co pay sums sc�urea , . _
<br /> " � • by this Seauity In.s�umeat,wheth�r or not the�due.'ILe 30-day peaiod a�l 6egin when the noticce is giv�. . � . ..
<br /> . ` UWess L�der and Bo:mwet otherarise ag�ee a►writing,aaY aPPlic�lion of prooeeds to psmcipal shall not eatemd or postpone � � � _
<br /> ' the dus date of the monthly payments refenred w ia paragraphs 1 and 2 or cUauge We amonnt of We paycnent9.If uader p�a�grapb ��' `'� _
<br /> 21 the Pcaperty ia acquired by Le�ded,Bomnwer's rigLt w any insurance poli�ies aad gmoeeds te.sultiAg fium d�nage m the ,�'�` �.�
<br /> `. . . __:.:� t ° -
<br /> �� ` �`�� �oP�Y Pnor w tke acqnisition sLail pass to Lendea tn the extent of�the sums sec�ued by this Seca�rity Inst�umeat unmediatelY . --
<br /> • � pnor m dte acqaisition. . ..:=i:�
<br /> � ,. '� 1.'� 6.Occapaney,Preservat�on,Maintenance and PratecHon olthe Froperty; Borrower's Loan AppltcatFon;l.easehotds. � ----
<br /> . . . � Bmrower shall o�upy,establi4h.and ase the Pmgerty as Bor�owds pdncipal resideace witbin sAty days after the execution of 'u: ��;;Y`=�
<br /> °:, � .' . � . . . tLis Secmrity L�suament and shall continue to occupy t6e Pmperty as B a u a w a's prin c i�l residence for at least one yesr aftca the •�rr:-'-:�-:'';_ -
<br /> �.` . . ' date of oc�cupancy,wtlesc Lendear otherarise agrces in writmg, which conseat shall not be unreaSanabiy witLh�dd,ar untess .. --
<br /> "�'' � . . ' extenuating caaunstances exisc whicb are beyond Bomnwer's contml.Borc+�wer s6a11 not desuoy=dama8e or imP��P►'�P�Y, ..,'r �: .f
<br /> �.�: ..
<br /> `',, . aIIow the Pmperty m deterio�ate,ar commit wastc oa the Property. Bormwer shall be ia default if any f�feamre acxion or t_--
<br /> _�: , . . °
<br /> � pmc�ding,aaetther ci�n7 or criminal.is begw�tbat ia l.eucter's good faah,�udgment couid resuii m forfeii�e of the Ptopetcy or . =_
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<br /> � othera+ise mate�ially impair the lien created by this Sect�iry Instniment os I.endea's secority inteaest.Brnmw�may cure sach a . � --
<br /> `` ' ' . . default and reinstate.as Provided in paragrapb 18.by cau�ing the acxion or praceeding to 6e digmissed witi�a rnling that,m . - ' g�:.
<br /> . ' . I.e,nder's good fait6 detramination,P�cludes forfeiUne of the Botrower's int�esest in the Propeaty or othea material impaume.nt of �^
<br /> .. t�e tien created by this Saauity Insnvm�t or I.ender's security inte�esL Bonowea s6all also Ue in defanit if BaRrawes,during the . . :°-�'�-
<br />:�;'�--�_: . .... loan application pracess,gave mater3allY fatse or�nas���?�formation or stateaneats w Lender(ar failed to provide Lender witb � -T-
<br /> . . � � any material informadfln) ia connearon wItD the tnaa evideaced iry the Note. including, but noi Ilmitcd w,representations : . . � �.�;-
<br /> , conceaning Bormwer's occupancy of the Properiy as a piuccipal revdence.If ihis Secarity Insmunent is on a leasehold,Boimwer .• "�'.
<br /> � �._.
<br /> . . . ,.. � sbaU comply witb all the provisions of the lease.If Borrower acquIIes fee dtie to the Propeaty,the lease�old and tbe fee titie s�all . � �: ^�'`_
<br /> not mage�mless I.endea agrees to the merger�writing• ._
<br /> . . 7.Proteedioa otLeuder's Rights in t�e Property. If Botrower faiis tn peafosm the covenants and agreeanteats contained m : . __
<br />_} . ' � � this Security InsoramenL or thae is a tegal praceeding that may sigaificantly affect Lend�'a rights in the Property(such as a .. ' �
<br /> _ • pmceeding in bankniptcy.probate.for cundannation or forfeilure ar t��force laws or regolations).then Leader may do aud pay , ' ''�
<br /> , for whatever is necessary ro pmtect the value of the Property and Lender's dghts in the Property.Lwder's actions may include
<br /> ' ._ �. paying any sams seaaed by a liea wtucb has prioriry over this Seauity Insuumea�t,appearing in caurt, PaylnB reasanable . . ``--,
<br /> . �x '�' ' ,�
<br /> . f auomeys'fees and enteaing on the Propeny to makc repaus.Aithough Lendc�may talce action under this paiagraph 7,Lenda . .
<br /> ?c`� ' . ' does nat have w do so. . .
<br /> � � Any amonnts disbursed by Lender unde�this paragraph 7 shall 6ecame additional debt of Bosower seaued by triis Sec�uity � : . .
<br /> • �. Iagtrumenl. Unless Borrower and Lender agree to othea teams of payment,these amounts sball bear interest frnm the dats of '
<br /> � '. . disbwsement at the Note rate and sball be payab2e,with interest,upon no6ce from Lender w Horrower requestu�g payment ,�
<br /> ;`''' :j 8.Mortgage Ensarance. If Lendea required mortgage insurance as a wndidon of making the Ioan secured by this Security . _ .`� •
<br /> � Instrumen� Bortower shaU pay the premiums reqaired w maintain the mortgage iasurance in effcct lf,for any reason. the
<br /> . . mortgage insuraace covetage required by Lender lapses or ceases to be in effect,Borrower shall pay the preminms reqnired to .. _
<br /> �'�'� . obtain coverage substantialty equivatent ta the mortgage insurance previousty in effect,at a cost substandally equivalent w the ... �
<br />� �� ' wst w Borrower oi the mortgage ins�rance previously in effect,from an altcmate mortgage insurear appmved by Lender. If ' ;
<br /> • � - substantially eyuivatent mortgage insurance coverage is not available.Bonower shail pay to Lender each month a sum equal to � .
<br />�- � , ' ono-tweffth of the yearJy mortgage unsurance premium being paid by Borrower when the inswance wvetage lapsed or ceased w
<br /> � ;_,' . � be in effect. Lender will accept, use and retain these payments as a loss mserve in lieu of mortgage insueance. Loss reserve '
<br /> �- Form 8028 9i90 . � � ' .
<br /> . �-BA�HE)�sx�x�.o+ Pago3o18 imuau:
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