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<br /> ' S.Haaard ar Praperty Iasu�aace Borrowcr shnll kcep thc improvcmcnu now cxisung an c�rcuftct crccteit un�hc Pruperty �
<br /> insured ageinst{oss by fuc, hazards included within thc tcrm "cxtcndcd c�vcragc" nnd any ath.r ha�ards, includmy, Il�x�ds or .,
<br /> � tlooding,tor which L.endcr requires insurancc.'Ihis insumncc shnll bc mtuntuincd in thc a�iioua�d��d for thc pcncxis dmt I.�ndcr ,
<br /> rcquires.71�c insurancc camcr providing thc insurancc shull bc choscn by Horrowcr�ubjva��u l,codcr',upyruval which slu►li nut
<br /> be unrcasonably withhcld.[f Borrawer fnils to maintnin covcragc dascribcd r.bovc. I.creA,cr may, at l.cndcr's opuon, abtwn �
<br /> : �y��;�-� coverage to protect L.enQer's rights in the Property in aceordastce with pnrt►graph 7.
<br /> •ra All insurattce policies and renewsils shall be uccepwble to Lcndcr and shall includc a stnndard mortg�gc clausc.l.cndcr shull
<br /> � hava thc tight w hnQd the policies and renewuls. If Lender rcquires,Borrower sh�ill psomptly give u�l.cndcr sll rurip�+ul paid
<br /> " premiums and reresvral nQUCes.In the event of loss,Borrower shnll grve prompt nouce t,�the msurimce rarnrr a��d l xn�l�:r l.:ndcr •
<br /> may mrike prpof of loss if nat made prompUy by Borro�vcr. ;,�^,�
<br /> ' Unless L.endcr and Boerowex otherwise agrec in writing,insursmce proceecis shall l�e applicd to rwwrauun ur rcpau ��I �hc ,��:;,�`;'
<br /> '. Pappeity damaged,if the restaration or repair is economically feasible and Lend:t's securiq� is not les,encci. If thc restorauon ur , . a�a-=
<br /> ' repsir is noi economically feasible or L.cndcr's security would bc Iessened,the iavuat�r�c prc�eeds shall bc applicd to the swn, , " �`�'
<br /> � � securad by this Securiry Instrument,whGher or not then due, with any excess paid to 8arrower. If Borrower ab�andon, thc .,��.�_
<br /> , Pmprrty,or does not enswer within 30 days a noticx trom Lender that the ins�uan.ce ca�rier has o![cred to setUe a cl�im, then �:�4,r_
<br /> . , L.�n�eS may�o11�ct tF�e insurance proceeds.Lender may ase the proceetls to repair or reswre the Property or to pay sums secured �':�„;.
<br /> by this Securiry Instiument,whether or not then due.'Ihe 3Q-dny period will begin whea�ih.nota�e is given. ��`.�
<br />- . Uenless Lender and Borrowu otheiwisc agree in writin�,nny application of proceeds to principai shail not extcnd or postpone *��_�-
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<br /> the d�e date ot the monthly payments referred to in paragraphs 1 and 2 or change dr amount of ihe paymcnts.lf under p�ragraph ' '�+f'u
<br />- ` 1.1 the Pmpe�ty is acqnired by Lender. Boaowcr's rtght to any insurance policies and prcxeeds resulting from damage to U►e �°*°��=
<br /> " " �, Pnnperty prior to the acquisiticn shalt pacs t�L�nder to the extent of the sums secused by this Securiry Instrument immed��tcly -.-���,
<br /> „ . " Pria to ihe acquisi6on. "' �-�_F
<br /> 6.Occupancy�PrescrvAtloo.niaintenance and�utection o!the Propfrty; Borrotii�er's Loan Applkation;Leaseholds. __
<br /> . Boaower stmll occupy,establish.and use the Property as Borrowcr's principal resid�:e within sixty days atter the execuaon oP _�..
<br /> � this Security Insorument and shall continue to occupy the Pcoperty as Borrower's pri�scipal residence for at least one year nfter ihe __
<br /> dato of accupancy. unless Lender mherwise agrees in wridn8, which consent shall n�t M unreasonably withheld, ar unlcss
<br /> e:renuarin¢circum�tances racist which are beyond Borrower's control.Bonowcr shall not desoroy,dama�e or impair the Property. _-
<br />_ ., allow the Property to dederiorate. or commit waste on the Property. Borrowcr shall be in def�ult if any forfeiturc action ar [�
<br /> � procoeding,whether civil or criminal,ig begun that in LeuQer's good faith judgm�.nt coulfl result in forfeiture of the Propeny or F:'
<br /> •. ° ot�yise mau�iially impair tlae li:a�cteated by this Seciuity Inst�ument or Lender's security inY.tesG Bonower may cure,uch a �_
<br /> default and reinstate,as p[ovidod in paragra{�h 18,by causing thc action or praceeding to be dismisscd with a ruling that, m F':�--�—�
<br /> � - ; ,,� Lendcr's good fait�h detetminadon,precludes furfeiturc of the Borrower's interest in the Property or other materiaJ impairmcm of .
<br /> ' ' the lien C�CaVSd by dus Stxurity Instrtiment ot Lendcr's security intcresL Borrowcr shall also bC in default if Borrc�wcr,during U�c �'
<br /> • � (a�nn application proce,�so gave ma*.�rially f�lse or inaccurate informadon or statements to Lender(or f�iled to provide L.cnder witli �` `
<br />- any r.�aterial information)in co�ection with the loan evidenced by 1he Note, including, but nflt limited w. representations ',_^
<br />_ ', ' conceming Dorrower's occupancy of the Property as a principal rrsidence.If this Sccurity Instr��ment is on a leasehold,Borrowcr �_
<br /> , st�all eomply with all the provisions of the lease.If Borrowcr xquires fee dde to ttr Prop:rty,the Ieaschoid and thc fce titic shull -
<br />-__ �. _ , • noi merge unkrs Lendcr�es m the merger in writing. °
<br />�_�:� c�.<� 7.Protedion ot Lender'e R;�gbts in the Property. If Borrower fails to perform the covenants and agrcements contnined 'ui —
<br />'"�y�'~'"'':� this Sect�tity Insirument,or ther�is a legal proceeding th�at may significanUy affocs Les�der's righu in 1he Property (such as a =`
<br />�a°r�';:`"'` ;"� proceeding in banktuptcy,pmbate,for wndemnnrion or forfeiture or to enforce laws or regulations),then Lender mny do and pay �`-
<br /> '�` �` '`� for whatCVer is nece,ssary to protect the value nf the Property and Lender's righu in the Nroperty. Lendei s actions may inchide
<br /> ',�' �''��� .} ,� paying any wms secured by a iien whi�;ia C��s priority over this Securlty Instzumcnt, appcarin� in aaun, paying rcasonubtc �_
<br />-`•'.`'.t.:�.`��. �.;:� aitomeys' fees and enterin� on the Property to make repairs.Although Lender rr�y take acaon under this para�a{�h 7. L.endcr =
<br />-?�::'� `'` .� do�not have w do so. =-__
<br />_�� .e� My cunounts disbursed by 9.�nder under this paragraph 7 shall bocome addiaonal r1e4�t of Borrawer secured by rSus Securiry --
<br />���;�;��..' InstrununL EJnlPSS Borrower and Lender agree to other tenns of payment, @icsc amounts shall bear inten;st from thc date of �;�
<br /> _ "`"�� disbursement at 3R�e Noce cate and shall be a blc,with intemst,upon norice from I,Qndcr to Borrowcr r ucstin a mcn4 �,`�
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<br /> �^:= 8.Mortgage Insur�nea If L.ender required mortgage insurance as a condition of making the loan secured by ihis Securety ��;
<br /> ''��'" s- Instrument, Horrnwer s}iall pay the premiums required to maintain the mortgage insurance in effecG I!, for any resLSOn, the �����-
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<br /> � � mortg�e insurance wvcrage required by Lender lapses or ceases to be in effect,Borrower shall pay the prcmiums required uo ��'����:--__
<br />= obtain coverage subswntially equivalent to die mor�age insurance previously in effoct, at a cost substantially equiv�lent to t[ta � _ --
<br />� , cost ta Bozrows:r�f the moatgage insuranc�previously in effoct,from �►n altemate mortgage insurcr approved by Lcndcr. !� '�^�="
<br /> • substantiaally ec�uavalent mortgaae insurancc coverage is not aveilable, Barrower shall pay to L.ender cach month a sum equal to --�"'
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<br /> on�tweffth of the yearly morig��o insurance premium being paa�l by Borrower when the msurnnce coverage lap��,d ur ceaticd w .����s�
<br />- be iti effect Lend.,r will accep2, use and retvn thesc payments as a loss reserve in lieu of mongagc m,urancc L.u„ rescrvr � • •••
<br /> Form 3020 9�90 - ••
<br /> • �-iR(NE)tos�si.o+ P�po 3018 ��,��o�• -_ .
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