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<br /> . �7e LOANN0. 1559201058 °'`
<br /> ° �� `� All InsuraRCe poilclos ansi renewats shaU bo e:ac�p�bt�ta 6,on��r�nd sh�ll indude a atanderd moRgage clause. ���
<br /> ---------' �ender ehaU have the rlght to hdd the pollofes ar.�r¢r,�Iq.lA L,onGt4R re�r�tr�s.B¢mower shali promptiy give to Lender --
<br /> ' aH recotpta ot Reid p�emluma artd renawal nattces.l�Chp av�nt af Ipss, 8�aw�r$�ali gfve prompt notice to tha �
<br /> lnsurance csrrlerarxi Lender Lender may make prpaf o9las$Ifi not m�dQ�arornpaY?y by Borrower. _._
<br /> Unless Lsnder and Borrowee otherwise agr�o tn w�i�ng,,6��ur8jo�co procc�S��i�al�be epplied to reotoratlan o�rspair v-
<br /> # of the Property damaged�Hthe res4oration or repatn tR eooncnnMs�tlyta�s�I�i�saaa i ender'e security is nat I�ssened.if the -
<br /> _ , .:,; reatoratlon or repalr fa not economlc�lly feasiblo ar 1.t�rt�t�c�rr'�eocuritY w�autqi tu�t�ened.the insurence prAaeeds ahail _
<br /> be applled to the aume secured by thla Seouriqrl��u��r�,whathvr ar nax tk��andue,with any excess patd to Borrower. i--
<br /> •� �� If Barrower abandons tha Property�or does not e�n�w�t wi�nin 30 d�ys e nmt�aa from Lertder that the Insu�ance carrter -
<br /> �E, has offered to settl�a claim,than Lender may cdl�th�tr�s�ar�nc�praa�..t�onder may use tha prnceeds to repair _
<br /> ;� or restcre the Properly or to pay aums secured by t�ta S��IG'��m�trur:�err�.wb�•'•ther or not then due.The 30-day period
<br /> �•�-..k.. , witl begin when the noUc�Ia ghren. -
<br /> UNess Lender and�prrower othetwise agr�in u�t71.`rn�„+�r3y��I��r?�Q�P�ceeds to principal ahaQ�at extend or
<br /> � f pastpone the due date o!tha monthlypayener�ts r��d Qa irt�aar.�r',�ro�f�1 ��'�d 2 or change the amount of tha ._
<br /> • paymsMS. If under paragreph 21 the-Property is acq��i I�y t.ier,�Q�,Q�rr�wor's rt9M to any tnsurance pofieies and
<br /> „, :' proc�eds cesulunA from damage to the Property arior to 4I�q�p�,�;��1i,aan s�1 pass to Lender to the extent of the sums
<br /> 1Q
<br /> secured by thia 3ecurity Instrum�nt fmmediatoiy prtor to the�cct��F��on.
<br /> - �� e.Occupancy,Preservatton,Meir�tenan�o�,n�ProteMtan oithe PPOperty;Borrower's Loan A,��allaation; _
<br /> , � Lel�feholds. 8orrower shalt occupy.establlsh,and use the Propertyr as Bonawer's prinofpat restdence wlthtn stxty days
<br /> after the exmQUtlon of thts Securfty Instrumer�and ahall coMt�ue ta occupy the Property as BoROwer's principai
<br /> yt�S resklenoe for at least ono year after tha date of occupanvy,imless Lendar otherwise agrees In wrfting,whiah consent
<br />-° � shail Rot��unreasonebly wRhheld,or uniess e�ctenuating clraumstanoes exist whtch ere beyond Bo�rower's carmoL ..
<br /> 9orrower shait noi destroy,damaga or impair the Property,ailow the Prcperty to deterlorate.or commft waste on tha
<br /> ' Properiy.Borrcwer shali ba tn defauit(f any brtaiture aatlon or proceadtrtg.whether civii or crim[nal.Is begun that tn _
<br /> Lender's good iaith Judgmer�t could resuit In 9orfe[ture ot the Property or othetwise materiaqy impair the Ilen created by =
<br /> � this Seau�ity Instrumerrt or Lsndera security interest.6omswermay cure such a defauit and relnstate,as provided in
<br /> , paragraph 98,by causing the aatian or proaeed[ng to be dismissed with a niiing th�t,in l.ender's good faith
<br /> detemnlnatton,predudes farteRure of tha Barrov►►er's interest in the Property or other materlai impairmeM of the lian
<br /> creatod by this Se$urity lnstniment or Lender's seourfiy lr�terest.Bomower shali also be in defsutt H Banawer,during the
<br /> ' Ioan appiicatian precess,gave mate�fally fatse or tnaccurate ir�fom�aticn or atatements to Lender(or(allad�to provide
<br /> - Lender with any matertat itifom�ation)in connaotion wRh the toan eviclenoed by the Note�tndudtn8,bui not!lmtted tq,
<br /> � �- represerdations concemfng Barrower's occu nay of the Property as a principal residence.if thia Security Instra�mer�t Ia
<br /> � on a leasshdd,Bo�ower shall compty with t the provfstons of the lease. If BoROwer acqufrea fee title to the Pro�rart�r,
<br /> .�:��;�� the ieasehofid ard ifie iea tftie ahati nai f�ier�b t�i3sss i.,stx3s:agrs�ia ltss msrger tn�rr4iln�. _-
<br /> � �.Proteodon ot Lender's Rights in the 6�roperty. If BoROwer fails to perfonn the covenaMS and egreemer�ta
<br /> n J;,'I+,';: ..
<br /> ",;'.ar..1:. cqr�atned[n this Security Inst�ument,or there fs a legai proceeding that may stgniflcanUy affect Lender's rights tn the
<br /> • properry(such sa a proceeding in bankruptcy.probate.for condem►�aUon or fotfeiture or to eMorce laws or
<br />:,.-.�����W
<br />-_--,:4:..,�� uta�oits),then Lender r�ay doand payfor whatever ta nacessaryto protect the value of the Property and Lender's
<br />= - r�is in the Aroperty.l enders ac�lons may tnGude paying any aums sec�red by a Iten whtch has prto 1r ry over thta
<br />=�J;�"�"���� 3ecutiry instntment�a peartng In court,payl�g reasonabf�attarneys'feea and er�tering an the Property to make
<br />-`-�:..L,-, h 7.Lender does not have to do so.
<br /> �����~:;_� repatns.Nthough Le er may take acbon umler thts paragrap .
<br /> -... ��::---
<br />�"T-�=�"'�� Any amourda dtsbursed by Lender under thts paragrAph 7 shall become addiNonat debt of Borrow�r secured by
<br /> -'__'�"ti��: thfa Seairtty Instrumern.Unless Borrower and Lender agree to other temss of paymerd.these amounts shafl be+�r . •
<br /> =���:-,.. tnteresi irom the date of dlsbursemant at tho Nate rate and shatl be payabte,with[nterest,upon rtoUce irom Lerydar Yo
<br /> A.� �
<br /> '�:,�d � Borrower��equesttn9 PaYmsrn.
<br /> Y-�=�'- 8.NiwtQa�e Irtl�urenee. If Lender requtred mortgage insueancd as a coruitUon of making the loan seaured by this
<br />___.--� Securtty instrumern.BoROwer shail pay the prem[ums requUed to maintain the mortgage tnsuranca In effect If.tor am► .
<br />-= ---- reason,the.moRgage insur�ance coverage requtred by Lender lapses or ceases to be in effect�Borrow�r shall pay the
<br /> ��-= premtttms fequired to obtain coverage substar�laily equlvaler�t to the mortgage Insurence�prevlousty in effect,at a c�si
<br />_--� ---v— su�ily equivater►t to the cost to BoRawer of the mortgage lnsurance previoasty fn e�ssc�,.ftom an altemaLk�
<br /> �`-""�-�L� mottgage tnsurer apgroved by Lertder.If subs�ally equhrafeM mcrt ge insurance coverage ts not ava0abio.
<br /> ._._,:...�x;
<br />-= ''�"``'�'� Bomawer shatl pay to Lender each month a sum equai to one-twelfth the yearty mortg�ge tnsurance premlum betng
<br /> -� pald by 8orrawer when tt�e insurance caverage tepsed vr c�esed to be!n eRect.Lender w(ll accept,use and re�ln these
<br /> -'e���:;-�?� paymeMs as a loss�a�e�re tn tteu of mortgage tnsurance.loss reser�+e PaYn�erns may no tonger be requtred,at the
<br /> -- optlon of i�snder.ff mortgage[naurance coverege(in the amouM end for th�pedods tttiat lsnder requtrea)pravided by
<br /> �:,,F.�._� an insurer approved by Lsnder agatn becomes avapabie and is obtained. Borrower shalipay the premiums requited to
<br />"_�;� m a t n t a l n�m o r t g ag e i n s u r a n c e t n e f f e c t.o r t o p r o v i d e a i o s s reserve�ur�tU the requtrementfor moRgage insura�ce er�tls
<br /> tn acxoMance wtth 8ny vrritten agreemeM tietween Bomawer and Lender or applic�ble law.
<br /> y�=`� 9. inspectton. Lender or(ts ager�t may make reasonable er�tes upon and tnspecttons of the Property. Lender
<br />��`n'��'-5 shatt gNe�orrower notIce at the Ume of or prtor to an inspectlon specitying reasonable cause tor the inspectfon.
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