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<br /> . ' � � S. Ha�rd or P�vperby Iusua�ao� Boimwer s6all keep the impmvements no��or-Tiere�ter emxed on the � :r
<br /> . . Property insvied agai.ast Ioss bq fize,bazatds inctnded wid�m t�teun'e�ded caverage"aad any otker ba�cds.mcluding � .. ,
<br /> . :..� @oods or Saoding, for wfi�L�nder reqaires imvzance.'t7iis insurans�shall be maintained in the amounts and for the peciods =-�._.:
<br /> - ' � , that Iender requires.Tlie in�uance cauier praviding the insoiance shall be chosen by Boirower subject m Lender's approval . • � ,
<br /> "��� which sball nnt be unrrasonablp withheld. If Bo:rawer fa�s to mainrain ooverage described abwe, L.ender may,at Lender's _� � �
<br /> - °"�' apuon,abtain covetage to pmtecE Lxnder's rigiits in the Pmgertq in accordanre arith paragragh 7. - ��t - --
<br /> Atl insurance palicies and ienewals shall be aaxptahle to Lender and shall inctude a staadard mortgage clauss- 1.ender � ,
<br /> shall have the rigiu w hold the poHcies and renewats.If Lender requiies,Bomnwer shali promptlY Sive w L�nder all zeceipts of � � � ` ' ..
<br /> ' . paid premiums and zeaewal notices.In the event of loss.Boaower sbali give prompt notice to the ins�uance carrier and Lender. -- ; :
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<br /> , . ' � ,�-� Iender may make gm�f of 2oss if nni made P�P�Y�Y Boaoarer. - , '`
<br /> `.� - Unless L:ender and Boaower othecwise agnee in writing,in�rance Pmceeds shall be npplied w neswiation or repair of the
<br /> ' ,,.�. �Y�8��-if tLe�estoratian or tepair is econamicalty feas'ble and I�nder's secarity is not lessened.If the mstoration or :.-��, �,,�=.
<br /> � � iepair is not ec�nnmirally feas�Ie or I�ender's sewriry would be lessencd,tt�c insaQanze pmceeds shall 6e applied w tfle sams �. ".t:,�� : : �.. -
<br /> I ender
<br /> • �<� secuted by this Sermrity Inst�ament.wLether or not then due. with anY eacess Paid to Boaower. If Barmwer abandons the � _�
<br /> �,t.•. `.`,
<br /> � � Property,or does aot answer witt�n 30 daps a nonce fram Lender tLat the imvzance ca�aier has offered to seule a c1a�,then ,� ' �
<br /> . ' . �� Lender may collect the ias�aance praceeds. Ixnder may ase the prooeeds m iepair or restore the Property or m p�y sams a�`='a
<br /> . se�aued by this Secnrity!���.whether or not then due.The 30-day peiiod�vt71 begia when the notice is given .. ��_ `
<br /> � ` ltca�ioa of pmceeds to principal sball nnt eatend or . .<, �c`:=-::-�
<br /> ' Unless Irender and BQaower othezwise ag�+ee in mriting, anY aPP� . , �.v-.
<br /> � , postpo�tbe dae date of the monihiY PaSrmeats Iefeaed to in paiag�aphs 1 and 2 or cl�wge the amotmt of the payments.If under � .' _
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<br /> . patagaph 21 Ehe Pmperty is aoqaited bY L�endes, Boirower's right w any iasvrance policles ana pmceeds r�'alim8 fimn ..:'.._ .�=..y
<br /> � damage to the ProP�9 Prior to the acqaisitian sball pass to Lender to the extent of tbe smns secored bq this Seairity Irutzument -
<br /> ;mme.r,a�tg pIIOr co�e acqnisidon. • �,-
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<br /> � 6.Occapaury.Pceservatton.Maiat�'Ans=and Protedton oP the ProPert9;Borrow�'s Loan Applic�tlon;I.easehoids. � �,�'-r�:
<br /> � � '��� Boaower shall occapy,establ3sh,and nse the Propenp as Bomnwer's principal cesidence witt�in siaty days aRer the execution of ° �`�;.-,:--�.y�
<br /> - . tvis Secarity Insuument and svaD wndnue w occaPY��P�9 as Bomower's priu�pal residence for at Ieast oae year after , . '; .,.. �•
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<br /> . � che date of accapancy,unlesg Lender otherwLse agrees in wrifwg,wluch consent shall not be mueasonably wtthhe2d,or unless � ' :!.��
<br /> eatem�ating cirwm�stances exist wluch ate heyond Bomnwer's ooturol. Eoaower sl�all not dest�oy. Jamage or impair the • "�-`,
<br /> . �P�9,altow the Pmperty to deteriorate,or commit waste oa t6e Pmperty. Borrower shail be in defanit if any forfeit�n+e `� .`.''•.s�
<br /> � acdon os pmceeding,whether dv�or criminal.is begun that in I.ender's gaod faitb judgment could iesWt in fozfeiaue of the . . '''�'•
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<br /> . . Prope�t�t or athe�urise mateciallq impair the lien created by this Security Insavmeni or I.endePs secnrity interest.Bouower maq :�,�.�_
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<br /> �� � � cute sach a defaatt and reinstate,as provided ia paragraph 18.by causing the action or pmceeding to be dismi.�sed with a mling . . �=��r-tl-p`,.
<br /> � tLat,iII IRnder's good�ith detemunatiou, Preclndes forfeuiue of the Boaower's intesest in the Property or ather matesial =. .." r
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<br /> • . . ' impaitment of the Hen cteated by this Secatity Iaswment or Lender's secarity iniem.st. Borrower shall also 6e ia default if . . . , .:��: .
<br /> . . . Bomnwer,d0ring the loan applicatio�pmcess,gava materially faLse or i�ccorate iafom�aaion or state,ments m Lender(or f a�e d .:_.�-
<br /> ' to pmvide Lender with any material infoimadon)in wnnection with the loan evidenced by the Note.incInding,but not limited ' . .`���i�_
<br /> to,nPnsentadon4 conceming Borrower's actiatpancy of the Pmperiy as a princIpal resdence.If this Security Iast�ent is on a � � . .;.'���:-�;;:
<br /> ° leaseho2d. Bomnwer shall comply witL all the pmvisions of the lease. If Bo:rawer acquires fee dde to the Pmperty, the . , -;��•,. •.
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<br /> � � leasehold and the fee dde shall not merge unless Lender agrees to the merger in writing. . `". l.
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<br /> � � 7.Prote�ioa of Lender's Rig�ls tn the Pmperty.If Borrawer fails w perfoim the covenants and agreements containesl in � ��;_-
<br /> • '. this Security lnstn�ent. or there is a legal proceeding that may significaatly affect Lender's rights in the PtaPertp(sach as a . :;�--:
<br /> ::��. . . procceding in baniQUpuy,Pmbate,for condemnation or forfeiture or to enforce laws or regatadons),then Lender may do and .. . '. 't•�,.�
<br /> � � pay for whateuer is necessary to pmtect the value of the Property and Ixnder's rights in the Prope�ty. Lender's actions may `'"
<br /> ' iuctude paying any sums secured by a lien which has priority over this Secoriry Instnimens. appearing in co�ut, Paying . . _
<br /> � � , reaSOnabte attomeys'fees and entering on the Propetty to make repaizs.Althaogb Lender may take acdon under tLLv patag�aph . . .
<br /> � 9,Lender does�not l�ave to do so. � � � ,
<br /> � � . � Any amonnts dlsbnrsed by Lender under this paragraph � shall became addiaonal debt of Boaower seaued hy this � • - ' � . :
<br /> Secvrity Instzument. Unless Boaower and Lender agree to otheT tezms of payment,these amounts shall bear interese from the ` � .
<br /> ' �, : date of disbnrsement at the Note iate and shall be payable. with interest, upon nodce from Lender to Borrower reqaesdng , .
<br /> payment. .. � ' � �
<br /> � 8.Mortgage Inswance.Jf lxnder required mortgage insuraace as a condifion of making the toan secured by this Security . . .�
<br /> ' instcument. Borrowet s�al!pay the premiums required to maintain the mortgage insurance in effect. If. for any reason, tite , .
<br /> , �� mongage i^��*�^^P coverage tequired by Lender lapses or ceases to be in effect. Boaower shaU pay the premiums required to • . ; .
<br /> � obtain wverage substantially eqnivatent to the mortgage insurance previausty in effect,at a wst substantially equivalent to the . .
<br /> • cost to Bonower of the mortgage insivance prevlously in effect, from an altemate mortgage insurer approved by Lender. lf ._ �
<br /> ;;��. substantially equivatent mort�e insurance coverage is not avaitable.Barrower shall pay to Lender each month a sum eqaal to � � •
<br /> ' one�twelfth of the yearly mortgage insurance premium being paid by Boaower when the insurance coverage lapsed or ceased to �
<br /> ,;._; E be in effect.Lender will accept,use aad retain these payments as a loss reserve in lieu of mortgage insurance. Loss reserve • . �
<br /> � , form 3028 9/90 ,-
<br />. - _ � ��-6AlNE1 182711.Ot Vage 3 of 9 Iritiab� - _ . .
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