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<br /> • � . �. V8'r 1�}�7a7a74 LOAN NO. 1 5 3 9 2 1 7 8 0 2
<br /> � Ail Insurence pollcles e�nd renewa�ta shall tae eCr,�ptabfe to Lender artd ehall inctude a ate�ndard mortgage ctause. .
<br /> ^_ Lender shali have Me dght ta hdd th��nllct�anc�re�wt�t�.N�end�r��Ir�s,8orrc�wer sh�ll promptty gNe to Lender
<br /> e!I recelpts ot pald premiuma and�en�u�ral notices.in the event of losa,Bonawer sha11 Pve prompt nottce to t�e
<br /> .. Ineurance caMer and Lender.lsrotiee rr�ay neake proot ot loss ff not mada pron�tly by�srrower.
<br /> Unless Lender and Borroxer oth�rnlAe e�gree In writtng,insurartce procesds shall 9ye applted to restoratton or r¢�atr
<br />- " i ot the Property damaged.It the reatorattpn or�epair Is economtcally feastble and Lender's security ts rtat lessened.If the
<br /> resioratlon or repair ls not economtcaily f�asibto or LendsYs secunty woutd be iessened.the Insurarec4 proceeda shall
<br /> ' If Boncw�e abando a the P o�by thls Securiry instr�ment�wheV►er or rtoi then due,with any excess pa[d to 8ar�ower.
<br /> - pe�ty,ar doea not an5wer witPiln 30 days a rtottce irom Lender tp�at the tnsurance car�tsr
<br /> has oHere+d to settte a claim,then Leroder may colle�t the insurarece praceeds.lsnder nraay use the proceeds to�epalr -
<br /> .��� or restore the Property or to pay sums secured by thls Security Instrument,whether or nat then due.The 30�ciay psrlad
<br /> ..,.....,,,�,1 w1A begln when the natice!s given.
<br /> . Unless Lender and BoROwer othorwise apree in writinp,any eppllcetlon ot proaeeds to principat ehatt not oxtend or
<br /> � � �ast�rane iha dua date o!the momhty psymente refe�ed to In paraprapha 1 aad 2 or chango tho amount of tha
<br /> 9 payments. If under parap�aph 21 tho Praperty ts acqulred by Lender,Borrowor'e ripht to any Insur�nce pdtales and
<br /> proceeds�esultin�from demapa to the P�opeRy p►tor to the aaquisition eha�i pasa to Lender to the extent at tha eums
<br /> seauted by this 8ecurriy Inst►ument Immedl�taly prior to the acquieltlon
<br /> � a Oacupanoy,Pns�r�nitlaL M�intsninQS and Proteatton of th�Prop�Ry;Borrawer'�L.oen Apattaattont
<br /> Lws�hold�. Borrawer shaii occupy�establleh,end use the Property ae BorrowePe pnnctpel residance withln eixty days
<br /> � after tha executlon ot tht�Securfty Inst�ument and ehalt cominue to oceupy the Property as Bonawer'e principel
<br />'' ° �, rsalEience tor e�t least one year aftmr the date ot occupeney.uNesa Lender otherwl�e agrees In writirtp,whlch consent
<br /> shall nat be unraasanabiy wC�held,�r uNesa e�ctenuetUg afraumstancss sxlst whfch er�a bayond Borr�wer's canirol.
<br />, � Borrower shali not destroy�daenape or tmpnir the Property.ellow the Propsrty to dotertorate.or commft waste on the
<br /> Propertyt.Borrower shail b4 tn defautt(f anytortelture actlon or proceedtns,whether civp or ariminal,is begun that in
<br /> Lende�'s �od talth judgmer�t ootdd r�sutt ln fodefture of t!�Peoperty or othenatse mat�rtatly Impatr the Ilen created by
<br /> thta 3ecu�ty Instrunient or Lend¢r's se�aarity Interest.Bo►rmwer rn�y cure such a dei�ult and reinstate,as provided In
<br /> � paragraph i8.by causing the e�or praceeding to be dis�lssed with a ntling that,It�Lettder's good fafth
<br /> • determinatton.predudes forte�ot tAe Borrower's tnterest In the Property or other maic�ia!tm trment of the Ilen
<br /> , created by this SACUrity InsWraecnt or Lender's security IMerest.Borrowet shall aiso be tr�d�t¢�t if��otrower.during the
<br /> f loaro�piication pracess�gavca r�sriafly faiso or inaccurate IniormaUon or statementis to Lender(��ailed to provide
<br /> ' ., Lenda n�6i�any tna4ertal fnfonn�in connectlon with the loan evWenced by the Nato,tnduding,but not Iimited to,
<br /> ,. .,;: repr�sor,R�ttqns conoemlr�g�arroxe�s occu ay of the Property as a principal reside�ace.If thfs Securtty Instrurr►ent ia
<br />_ ;'�,'��;,-�� on a teas�hofd.Borrowrer sha°t oor+Km'y with 1 the provistons of the lease. If Berrov�ea�a�quires fea title to the Property.
<br /> . ._�^;�:;�'�� !!�laa�l�d�d�`�a 8:."!°�.°�x�st�t{�t!nl8ss l.end�r 8gr�fst!t�s:^��er x:x�t�.
<br />_ i:'•'' 7.Protec�e��9.+a�rd�'s R�tf4s U the Rroperryl. If Borrower tails to�s�omro tho covenants ertd agreements
<br /> i,`:,�';�'.;,.
<br /> s;n�'�'`:'`;':';��' . coretained!n thls S�a�n't�a r:�sCy urr�ar�,or there ts a legal proceedtng that may�Igniftoac�y affect Lender's rt hts In the
<br /> f�;�;,"�:�,.!'�,u' �
<br /> �' �'��'��" PropeRy(s u c h as a prpceoc�?r��dn R�an l a uptay.p ro b a t e.f o r c o n d e m r�U a n o r i o r f Q i t ro are�r tp e n force laws or
<br /> ♦�:�;�.i:�c.1.�ti�p
<br /> i�•.r.i.i•:'�'ry':�;
<br /> ;, y.r reAul�ons).then t�x+der may c9c�arr�pay br whatever ts necessary to protect the velaaa oF the Property and Lende�s
<br />_'`'�``��'�:��'., Nghts tn tfie Prope�,l.ender's at�b�s may indude paying any sums secured by a tEo�s i�ihich has pdority over this
<br />':�i�•�";':'?�;, Secu lnstrumern.appeari tn caurt,paying easonable aitom 'tees and ente pertyto rt�+ke
<br /> , � rity rtg r eys fi►ag on the Pro
<br />=�;�_7���:�.�;. repalrs.Atthoug h L e n d e r may t a k e a c t lon u n der t h t s paragrap h 7.L e n der does n o t h avo to do sc.
<br />_�^�`�"�';`•�'':� l�p�nourds dfsbursed by L e�ler under thts paragra�aFa 7 shatl become sdditlonai debi of Barrower secured by
<br /> ..`,,L:,'.�.�.. 9� PaYmerti,these amounts shatl bear
<br />:�°•����;::,,: t�ts Se�instrumer�t.Urda.�s�a�ower and Lender a to other terms of
<br />-�k�f<<y�4�;''`�;: [nterest�m t he date o f d is burserm�r�t a t t he No t e r a te a n d s h a E!be paya b le,w i t h iMOr�,upon n o t tce from Lender to -
<br />�`��,; Borrati^er requestU�9 DaYmer�.
<br />•�'�,� S.�lortq�m'17��iat�nt�. ifi I,.ende��equired mortgage Insurance as a oondftion af intaktng the loan secured by this �
<br />_:.?''1;":-, gecWly Ir+�re�,�.f�zxc�ver a�aall�PaYthe premlums requfred to matr+tatn tP�mortgage insurance tn efEect N.fot any
<br /> �..T��.:'i�..
<br /> r���:r`.';': r�espn,,�e mottgage Insuran�o�rerage requlted by Lendet lapses or ceases to be�in�lect.Bomower shall pay 4�e
<br /> ��,-�.,..
<br />"�'�'}'`��E. p�iu�rs requtred to otstetn�raSe substs�tatiy equivaler�to the mortgage irtsui�ee�e reviously ln eftect.at a cost
<br /> t��..
<br /> '-'�*'f'!�'r� subsEantiaUy eqW+►�iv�to the�t•to Borrower o!the mortgage t�urance pr�wlousty tn from an altemate
<br />---�::;-� ..���� �ga Insurer spptoved by'tet�der.N substenttally equhraleM mortgage InsuraRCe c�v0rage ts not avaYable,
<br /> -���'�-"':� @oROVrer shait pay to Leader each mor�th a surn equa!to one-twdfth of the eady martg�ge tnsurance prenn[um 6eing
<br />_� _-k.._��,:
<br />�-�,�>�,� patc4�y t3�nower when the Er��sr�arxs coverage tapsed or ceased to be tn Lender wgl accep�use and re�ai�these
<br />-�,,��,;;s,,:;. Aaye►e�e+��s a loss reserve h��d mortgage insurartce.L,os�aoserve payments may�o long�f be fiBqUlt'9�.8t'�iD
<br />�:•.�,,, Wxia►oP�i.ender,�mortga9a��rance coverag0 pn the amouni and for the pe�iods thait Lender requtres)praivida�d�by
<br />��'".h4iY� an fnsurerapprou�ec�'by L.endera$atn becomes evaYableend Is obtained. Bor�owBT�sh�1pa}/the premfums requtred to
<br /> -r�'�:':`r rt�atrRain mortgagE+fifi���ranae in effect�or to pmvide a losa resenre.ur�il the�equlnpmant tor mortgage tnsurance ends
<br /> �Dn.a��i��i�
<br />�'•»:�,:,�''�?'a,�. . M accordance v�tte��ey writtet�agreemerit between Borrawer and Lender or sppil��1�law.
<br />�i�_:`;,:`F��:```'• 9. Inapee:tlon. Lender or fts agent may make reasotrabte eritrtes_upon and ins�octtons of the Property. Lender
<br />�-�,�>,•��.�;�,�.
<br />��"����k�:' • ehatl Ive 8orrower�attce at the time of or rior to an[ns on s n reasonat��cause tor the i
<br />�.,_x. �,�• g P P� P�� 9 nspection.
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