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<br /> � �j,� ,� LOAN 4�: 8359110
<br /> ! Unloss i.cnder and Borrqwex otharwise agrce ia wddnB�uTsurat�ca FnG��applled to restoration or repair of thc '.
<br /> Property damagad,if tha r�stqr�ian.or repair is economically feaslble and Lender's securlry is not tessened. If the restoration ar
<br /> , . repair is not econa�lltoatly•fp�s'bta at Lender's securtty would be lessened,the Insuranca proceeds shall be appUed w the sums -
<br /> , s�sured by this Sactuity Inf.trumemt, whether or not then due, with any eacc.ess paid to Borrower. If Borrower abandons thc '�=
<br /> " .. Property.ar daos npt attawer wathin 30 days a notice from L,ertder tt+at the insurnnce carrier has offered m�p��g�� �,.,
<br /> � i.cndor maY coUact tha inF+wran�o Aracecds.Lender may use tho pmceeds co repair or res[ore the Property '`
<br /> by this Sacurity Insuumnnt,.whA�►or or not then due.The 30•day p�od wiU begin when the notice is given. T�4:
<br /> �?�� Unless I.ond�r and Borr,ow�r olhecwise agree in v�t�►S+anY ePP��or of proceeds w priacipal shatl not cxtend or postpone
<br /> ��°...."�'�' enis referred to jn hs 1 and 2 or chen e 1he amount of the ymenta.If under Paregrap �,^
<br /> � �he duo date of tha manthiy paym P�P h
<br /> .. . 21 the Pcopeaty is eaqt}it�ed�M•I.�nder, Borrower's right to any insurance pol3cies and proceEds resul6ng from damage to the ��,°_.
<br /> � property prior to tha artitli�idaa�r�taU pass w Lender tn the extent of d� suma securefl by tWs Security Instrument immediatalY c__
<br /> �' prior to t�a acquisidan.
<br /> 6.Occupancy.PreservqfIan,Maintenance and Protectioa of t6e Property;Borrower's Loan Applfcatton;Leaseholds.
<br /> , Bortower shaU�occupp�establir�,end use the PropenY as Borrowu's prfncipal residence�vithin siuty days afuer the execudon of
<br /> this SecutitS+Insbtum�t�and shall�continue tn occupy the Property as Borrower's principal residence for at least one year after the
<br /> . data Gf,uccupanay, uni�ss L.endar othe�se agrees in writing. ahich consent shall not be unrea5onably withheld, or unless
<br /> ... .. � extsmtaun�cincumstanaas exisi which are beyond Borcower's contml.Borrower shall nos destcoY.damage or impair We Property.
<br /> "•• -
<br /> - aitaw tbe Prujr..�j te ����*gte, or commit waste on the Pr�pert�+.Borrower shall be ia�default if say forfcimrc ac on or o
<br /> -_ -. .�'� proce�ing. wh�her clvil or criminal,is begun that in Lender's good faith Judgment coald result in forfeiture of tae Pmperty or _
<br /> � ' aiberwise m.a+.erF�l1Y imPair the lien created by this Se�urity Instiument or Lender's secwity�►terest Boirower may cure such a _
<br /> default and rein�te�as provided in patagraph 18�by causing d�e acdon or praceedinS to be di4missed witb a nilin8 tuat,in
<br /> �. . I.endcr's good faith dete�min�tion.Pre�ludes forfeiwre of t�e Borrower's interest.in the Prapetty or other materlal im�ent of --
<br /> the lien creaLed by this Securiry Insnument or Lender's s�curity interes4 Borrower sHa11 alsa be in default if Borrower.during the
<br /> � loan appllc�iian�rocess,Bave materially faLse or inaccutate informatian or statements w Lender(or failed to provide Lender with `
<br /> e
<br /> any material m£attimadon) in connecflon with the loan evidenced by the Note. including,but not limitefl w. representations -
<br /> . conceaning Borrawer's occupaucy of the P,roperty es a principal resideace.If this Security Insuumeut is on a leasehold,Borrower
<br /> ' � ,� s�i1 cpmply vuitt�a11 the provisions of the tease.If Borrowa acquires fee dtle w the Propeny,rhe ieasehold and the fes dde shall
<br /> nat aaerge onless I.ender agre�a tb the merg h in writing. � conmin�sl in
<br /> -- � ?.1Pratece�an ot 1.enc�er a Rtgt+ffi tn�e 1Propert9� I�Borrower faiis m vrm�u+��:vva�atsts anct ag�ssea�
<br /> - thi4 Sec�uity IASUume,��or tbere is a 1e8�P��B��Y sigalticandy at�'ect T.:eader's rIgdts in the Property(such as a
<br /> � . p�uc�ing in banlaruptcy�pmbate,far condemnation or fotfeiwre or w enforce laws or nguladons).then Lender may do and pay
<br />� for whatever is necessaty to protect tke value of the Propeny and Lea�der's rights in the Property.Lea�der's acdons ma�c��
<br />' � � FSY+n�'any sama secured bp a lien which has priority over ihia Security Insaument,aPPearing in co►ut,PaY�
<br />�,:', �. �. , Alti�ough Leade�may take action under this paragraph 7.Lender does.
<br /> .�< � atmrneys'fces and entering on 1he Pmpen,jr'to make renaIIs. .
<br /> - :r -..:.,� not have w do so.
<br /> _ .''_ � ,�„ Any amounts disbursed by Lender nnder this paraBraph 9 �ImU become additional debi of Borrower secured by th9s Securlty
<br />-""`'•"�""y Iusuument Unless Barrower and I.ender agree to other teams of payment,these amoumS shall bear interest from the date of �
<br /> �,„�, d3sbuisement et the NoDa rate and sbffii be payabie,with int�rest, upon notice from L�eader to Borrower cequesting payment
<br />�y,;�`;:.'�a $.Morigsige_Insurauca If Lende,r requice�mortgegs Ins�uence as a condiHon of making d►e loan secure�by this Sec�rlty
<br /> -�-'�`�:�a--_ �nsuumeat, Boaowed shall pay the pmmiums re9uimd w maiatain the mortgage iasurgnoe in effect If. for sny reason, the. :
<br />=s`_��,. - _ '
<br />-�:;,`;_�:�.; �uon8a8e insurance coverage required by Lender lapses or ceasea to be in effect,Borrower shall pay the premiums req to.'
<br /> nu
<br />�=��:.. obtain coverage snbstanoialty�nivalent to the mortgage insurance previously ia e�'ecc.at a cost substanti�lly cquivalent to the oost
<br />-':�?`��"'�.- to Borrower of the mortgage finsursnce previously in effect,from an altemate mortgage insurer e�Proved by Lender.If subatantialty
<br /> M1�r;'...3.j
<br />��'�.,�?r:. equivatent mortgage insurance coverage is not available.Bomowa shall paY w Le,�der eacti monW a sum equal to one-twelf6h o
<br /> _� :_f,__�, the yearly mortgage insurence premiutn baing paid by Botmwa when the insurauce coverege lapsed or ceased to be�t effec�
<br />'- ��:`u..� LEader wil!accept,use and remin these payments as a loss resecve in lleu of mortgage insurance.Loss reserve paymenu may no
<br />"a`''�`""� langer be req�ired,at the option of LEndea,if moitgsge ins�uance coverage(in the amount and for t�e perlod that Lender req�ucsj
<br /> "'�=:f.Q,�:.• .
<br />_�;,�,.-��� p�rovidod by an insiuer approved by Lender agaia becomes ava�ilable and is obmined.Boimwer shall pay the premimns req o0
<br />---= ,��_��� maintain moitgage insucaaoe�effect,or m provide a toss reserve,undl the�equiremeat for a►o�tgaBe insurance ends in accordanoe
<br />-r=�TT� with any wriuen a�reernent betwee�t Boirower and Lratd�or applicable law.
<br /> ��::.' 9.Im,sgectioa l.ender or its agent may make reasonable eauies upon and inspections of the Property.Lendec shall give
<br /> n?��cM. �s .:. reasonable c�se for the inspection.
<br /> r. .,.:.Y. . ; Borrower norice at the time of or prior to an inspection specifyin8
<br />_i....:...i ...
<br />-�� . 10. Coa�emaalion�. '�e pmceeds of any award or claim for damages,diiax or conseqnential.in oonnecuon any
<br /> . '. � . condemnateon or other�a&ing of any part of the Praperty.or for ooaveyanoe in lieu of oondemnadoa.are hereby assigned and shaall
<br /> . '�`. be paid to Lender. Insttument,
<br /> ' t�;� In the event of a tota!taking of the Prope�ty.the prooaeds shall be applled co the sums secured by this SecuritY
<br /> - t'- whether or not dcea due,wud►any excess paid to Boirower.In dieevent of a pacpal takin8 of the PropertY in which tha feir market _
<br /> � value of ttce Property immod'raLelY before the ta{dng is equat ta or greatea tban the amount of the swns secw�ed by this Security __
<br /> _ � IastNn►ent immedistely befo� the takiag. unless Bomowa and Lrea►der othe�wL9e a�g[ee in writing, the sums secsued by d�is =
<br /> � Securiry Insaument shall be reduced by the amount of the proc�eads multiplied bY the following fracdon:(a)We toml amaunt of the
<br />_ '_ x suma secureA imrnediately before tha taking,divlded by N)ihe tair madcet value of the Prope:ty inu�eediately before the talds�g. _
<br /> Any balanoe shall 6e paid to Botrowe,r.In the ev�t of a patdml taking of the Pcoperty in which the fair marlcet value o;the ;�:
<br /> -- �.�..._._r,....sa:.....,ed:o�1.,Mfnn,thr.mtcine_unle4s Bnrrowea
<br /> . - - _ Property immediatetY beforB ma�g is iess u��u�m���..,,�n.a....o a..._.... , ------- - -- =--
<br /> . and Lender otherwise ag�ee in wriang or nnless applicable law othetwise provides,the proceads shall be applied to th�sums
<br /> ° secured by this Sacuriry Insuument whethcr or not the sums are then duc.
<br /> If die Pcepeacy is abandoaad by Borrower,or if,after nodce by Lenda m Borrower that d►e condemnor offers to malce an
<br /> � award or sdtle a ckum for damages,Born�wer fails to respond w Lertder within 30 days aPoer the date the notioe is given,Lend�is
<br />_ authorized w colloct end apply the proceads.at its option.either o�restfliatiion or repair of the Property or w the sums secured by
<br /> this Securityr Instcumeat,whethea or not thea due. �
<br /> InlHats: �
<br /> i . �•eH(N� teao+�.ox CHL(01/8n Pap�So18 Fo�m3028 91SD �-
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