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<br /> 97— it;i�90 ` �..� �, 4�' �-
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<br />'' S. �la�rd or Pmpert} Insurance. Bc�rrnwcr .h:ill keep the imprucement. no" eKi,ung ur herralter rrcrt��d nn �ht ' ` • . �,_
<br /> Propert} inwrcd agam�t lu,.M tire. hatard, mcluJed w�ithin the term "extendrd c���•er.�ge" anJ an� other h:�arJ�, mrluding , �_
<br />- ii�h1S;ur fl.x-.uing. tiir:sh:r't I�•.^.•i�r r�ti��*e� ip.��ranre Thi.intiur.mce�hall he mainteined ui thr amuunl,�nJ tur thr penud+ - :.__- -,-_- -.
<br /> � that Lender reyuire�. The imurance r�arner proc�ding the in�urancr ,hall be rhu�en h. Burruwrr .uhj�rt tn I.cndrr�.appr�xal _
<br /> ahich +hall not be unrrationxbly aithhcld. If Burtuuer fail� tu mairetafn ru��ragt dc.��nb�d ah����. I.�nJrr ma�, st Lcn�i�r'+ . �
<br /> � option.ubtain co�•erage tu prutcrt Lendrr'ti right+in the Property in arwrJanre«ith p:�r.�graph 7. . ; �
<br />,-f� All insurance palicie� and renew•al��hall be xrceptable to Lender and �hall inc:uJe a �tandard mongage rlau�r. Lender , .s
<br />= shall have the ri�ht to hold the policie�and renewal,. If[.ender requires.gurruw�er�h311 promptl� give to L�nJer all rcrcipt,of _ �
<br /> paid premiums and rene�v�l notices. In the event of loss. Borrower shall give prompt notice tu the in�uranre rnrrier and I.ender. . , % ,.�� � .
<br /> � L.ender may make proof of loss if not made promptly by Borrower. � . �
<br /> � Unless L.ender a�id Borrower otherwise aeree in writing,insurance procced>>hall be applied to re,toration or n:pair c�f the . : ____ ?
<br /> ,t, . , . .
<br /> Properry damaged, if the restoration or repair is economically feasible and Lender's security is not lessened.!f the restoration or � . : ,�
<br /> ' repair is not economically feasible or [.ender's security would be lessened,the insurance roceeds shall be a lied to the sums ���h��`�'`• `
<br /> F. P PP c�zzs;.�••'
<br /> secured b this Securit Insuument, whether or not then due, with any excess paid to Borrower. If Borrower abandons the • �� _
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<br /> Property.or does not answer within 30 days a notice from Lender that the insurance carrier ttas offered to settle a claim. then __{�-s��_.._-�
<br /> .# Lender may collect the insurance proceeds. Lender may use the proceeds to repair or restore the Propeny or to pay sums � . __�t,�;..M.
<br /> secured by this Sxurity Instrument,whether or not then due.The 30-day period will begin when the nouce is given. _ �: --.—_:,_
<br /> .; Unless Lender and Bortower otherwise agree in u�riting, any application of proceeds to principa! shall not extend or !.�''—'�
<br /> ' postpone the due date of the monthly payments referred cr in paragraphs 1 and 2 or change the amount of the payments. If ��`- Ys
<br /> � � . ,
<br /> under paragraph 21 the Propetty is acquired by Lender. G�_rower's right to any insurance policies and proceeds tesulting from �: .�`
<br /> - damage to the Property prior to the acquisition shall pass to Lender to the extent of the sums secvred by this Security Instrument � ';' '�,°�:�
<br /> immediately pdor to the acquisiuon. - �' .�� `-?�'�j;y
<br /> , 6.Oocupartcy.P►�eservatlon.Mainte�ce and Protection of the Property:Borrower's Loan Appllcation;Leasehold5. . __ __a�"'•i'-""
<br />• Barrower shall occupy,establish,and use the Property as Borrower's principal residence within sixty days after the execution of � "�
<br /> , this Security Instrument and shall wntinae to occupy the Property as Borrower's principal residence for at least one year after ;�: •� '
<br /> ,:'�f_,`�
<br /> the date of accupancy, unless L.ender othenvise agrees in writing, which consent shall not be unreasonably withheld, or unless z•.
<br /> ;;�,t extenvating circutnstances exist which are beyond Borrower's control. Bocrower shall not desuoy, damage or impair the � l ��;:
<br /> Praperry, allow the Property to deteriarate, or commit waste on the Property. Borrower shall be in default if any forfeiturz •i'��1�.. ,
<br /> aztion or proceeding. whether eivil or criminal. is begun that in L.ender's good faith judgment could result in forfeiture of the =-''� '" ' ••
<br /> ` Pa�operty or otherwise materially impair the lien created as this Securiry Instrument or I.ender's security interest.Borrower may ��?.7+,�. �? .
<br />" cure such a default and reinstate,as provided in paragrap:� 18,by causing the action or proceeding to be dismissed with a ruling .�' � .
<br /> ' that, in Lender's gaod faith determination, precludes forfeiture of the Borrower's inter,�t in tfi: Property or other material ;'�j .� .
<br /> • impairment of the lien created by this Security Instrument or Lendei s security interest. Sorrower shall also be in default if _ ••;:, ;
<br /> ' Bortower,during the loan application process,gave materially false or maccurate infom�ation or statemenu to Ixnder(or failed ,ji' ...
<br /> '!� to provide L.ender with any cnaserial information)in co�:�ion with the loan evidenced by the Note, including.but not limited
<br /> : .� to,representaae:►s conceming Borrower's occupancy of tfie Property as a principal r2sidence.If this Securiry Instrument is on a � -
<br /> t leasehold. Borrower shall comply with all the provisions of the lease. if Borrower acquires fee title to the Property, the - �;����
<br /> . � leasehold and the fee title shall not merge unless Lender agrees to the merger in writing.
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<br /> 7.PmtectIon of Lender's Rights in the Property. !f Borrower fails to perform the covenants and agreements contained in ��"
<br /> � this Security Instrument, or there is a legal proceeding �3[may significantly affect l.ender's rights in the Property (such as a '���s�
<br /> proceeding in bankruptcy,probate, for condemnation or rorfeiture or to enforce laws or regulauans),then Lender may do and � ` ° v
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<br /> ` pay for whatever is necessary to protect the value of the Property and l.ender's righu in the Progerry. I.ender's actions may �•r=--- :`=:�=
<br /> ! include paying any sums secured by a lien which has priority over this Security Instrument, appearing in couR, paying
<br /> . :��.�,t.�::. - • �::._• ,.
<br /> reasonable attomeys'fees and entering an the Properry to make repairs.Although I.ender may take acdon under this paragraph ,- --
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<br /> , f 7.Lender does noi have to do so. Y _
<br /> Any amounts disbursed by Lender under this paragraph 7 shall become a�f�itional debt of Borrower secured by this �--�T--'-�--�--�'-�-�
<br /> . � Security Instrument. Unless Borrower and Lender agree to other terr.;s of payment, t hese amounu s h a l l bear interest from tha ����-`�°
<br /> . date of disbursement at the Note rate and shall be payable, with interest, upon notice from Lender to Borrower requesting •��, �
<br /> payment. ' - �- _'`:.'�,..•-
<br /> ' 8.Mortgage Insurance.If Lender required mortgage insurance as a condition of making the loan secured�}this Security ,;:�:.�.�4:...--.�"
<br />� � Instrument, Borrower shall pay the premiums reqaire� w maintain the mortgage insurance in effect. If, for any reason, the •� -F��._'
<br /> � mortgage insurance ooverage required by Lender lapses or ceases to be in effect.Borrower shall pay the premiums required to . ��,� . .
<br /> ,< obtain covernge substantially equivalent to the mortgage insurance�reviously in effect,at a cost substantially equivalent to the -..
<br /> cost to Borrower of t he mortgage insurance previous ly in e f f e c t, from an a l tema t e m o r t g a g e i n s u r e r a p pr ov e d b y Lender. If '������''..
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<br /> • substantially equivalent mortgage insurance coverage is not available.Borrower shat! pay to Lender each month a sum equal to ,�, �-";"
<br /> one-twelfth of the yearly mortgage insurance premium being paid by Borrower when the insurance coverage lapsed or ceased to ��g�"'�'��
<br /> be in effect. Lender will accept,use and retain these payments as a loss reserve in lieu af mortga�e insurance. Loss reserve '�`�
<br /> .�'��Y�:
<br /> Form 3028 9190
<br /> • Pago 3 of 6 � •
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