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<br /> ` i• ` Loan No: OQ89010Q1281 �� � Data ID: 701 `�
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<br /> ;rY ��d-n ` AI�tGSU?aIICC QO�CS SAd ICnBW8�.4 Sb81j bC SWCp18bIB t0 I.6AdQ 3Ad Sh311 IIICjUdC 8 St8IId8Td m07{�8�C C18USC. %y-`.
<br /> "� �" = Lender sStaD have�he n$ht to hold tite gofides aad teaewals. If Lender mqu�.Borrower shall promptiy give w t�ender r`F�=:
<br />_`�;':''' : '```��';`- sIl�eipta of paid psemmms and renewal aotioes. Ia the eveat that Borraarer caacels a oliry on t$s�erty and �`4t�
<br /> �.i�.ati��:.:. �.^�, aret �,�,�r
<br /> Bnnawei�Plas�es it with a different poHry.LEader may cltarge Borronrer a teasoaabte fee�SUblect to applica Ic law,�7 :�..;;°;
<br /> - =. Y . �`2t"` aaq)w cLange.its.ceaQrds to re8�ect the aew poHcy. Ia tiie ev�t of 1,�s,Bflrmwer shFill�we pro t notiae to she �
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<br /> =m�. ° : �` ��€• �carner and L�de� Leader maq make pmaf of Ioss ff a�t made Prompt�S►bY Borroarer. In the evem Leatder �`"�
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<br /> - :` << :��"�.:� a�tiie Fmperty thmugb fare�iqsure or othernixe,Borcower assigas tn Lender its ri�hts w aal+Fefund of uaearne� ���.-t:��
<br /> n_ �r �.4=:�:�. .
<br /> -`r- <; , ... .:t.: premtutm4 and aay other rIghta of BortBwet uader the insuranae poffcy. `�=��:
<br /> � � � �.', To the eateai$orrower obtai�a�►farm of msuranoe ooverege far the Pr4perty without b�iag d�w do so x �
<br /> � by Lcnder,such as fluod,earths�vake or humc�ne oaverage.such poliry shaII iaclude a standaM mbrtgagee clavse and t :.
<br /> ="""�'' si�U�me I.e.ader aa mnrtgage� Atty iasauaa�e grusesds&om such�sha�l be addii�oaai accurity for the Note and
<br /> ;3..
<br /> _.��'�"^�` .f�;��_' L e n d e r s h a l l h a ve t h e same ri g b t s to such p o 2 i c.y and prooeeds as it has wI r e g a r d to I.eQder-r e q u u e d insurance polir�s
<br /> __ ���' _ disia�ssed'm this paragraph S. ��.°;���.
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<br /> -�• a•7 � Unt�ss I,ender and Borrower atheswise agree m writmg,insu:anoe pmoee�shell be applied to restoratinn or repair
<br /> ° r:U�`` of the PtoP�+damaged.�at Lendet's sole disar�ion,the restoiation or regair is eaonomicaIIy feasibte and Iende�'s . ;-��°
<br /> �� � `��' sec�uity is nnt lesseaed. Diuiag sach repair aad r�sEOratfon periad.L�der sflaII have tiie aght to hu2d sach ussuranoe `� 't`�
<br /> y'Y�� � uut�l I.end� isas had au opportunrty to inspect sacJi Property to ens�ue the wo�1t has been ooDlpleted to
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<br /> � _z � s�ction. Lendet s1aaA b�ave the�t w deduct fees for such inspect�ns fc�m the msutance pmoeeds unless � :
<br /> ,.�;.� p�o}ribited isy appli�ble taw or rcgWation Fe�for public adjnsteis or ott�er third garties�bq Boaawer sball nnt f :'
<br /> . ��" ° be deducted from the pmoeeds and sl�aall be the sole and sepaiate obHgaiion of Borroarer. 1� in Lender's sale :.
<br /> '�` `-:`: -;•" det�op,tite reswratina or repaa is not economiralIy feas�te or I.eadar's seauity wou2d be lessened,the insaranoe _'"�_
<br /> " ' �Syt, pm�eds sLall be applied w the sums sec�ued by t6ia 3eauit3r jns�ent,whetf�er or not th�due,witb m�exce.cs paid ,
<br /> >��ti.,r.,.. ... ;a; to Borrowe� 8or�wcr sLall remain respoag�ble faz aaq smas remaia�g due and payabte under the NOte and th�s SeairitY y..., "
<br /> ,`.,f ;•<�.:,;�.�: Inshumen� If Bormwer abandoas tIne Property,or does not aaswcr wiihin 30 days a notioe fivm Lender that the
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<br /> ;;s_,�.:��:,c.�=:`:.:,' insurance caTrier has offetcd to settte a claim,then the procer�wHt 6e automalualiy assigned w Leader. I�ader may ':;�',__::
<br /> � �,• nse the praoeeds to tepair or�estar�the Property or to pap s�secured by tivs Security Instrument,'whetfier or not � •
<br /> �� �� i` thea du� 'lthe 30-0ay pen4d w�1!�when the notioe i��v�n.� � `�
<br /> ; ;`�<<` ;�• . . Ua�Lender and Hortowcr othetaiise agree in wrim�,au�apptbcation of grooee�s ta pri�at shall not estend
<br /> � ` '` �- f �Po�Pona the due date of tfle momtbtypaq� re5erred w m para�raphs 1 and 2 or.chaage the s�mnuut of the � '";
<br />- - --- ����;�,��' . paymeats o€prlac�pal aud mter�st due under ti�Nou. If uader pazagcagh 21 the Prap�ty is aa�usred hq Lcader. Kv
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<br />`r.�4;�.'��'.:.�'�`����.�.. Borrawer's ng�t to a�iasurance polides and pruoeeds resnit�from damage to the PraPesn►Prtor t¢�.the aoq�isition , .
<br /> " .,. shalI pass w�ender ta the esteat uf th�sum�s sec�ued by this S�auit9�nsaument immediatelq prior tQ the acqu'sioioa �
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<br /> _ "��- �:a=+�:..�� The pravlsions aontaiacd ia Wis�agraph 5 are subj-�i to}Imitat�aris under.ePP�wbte Ia�►,if.�y. . ;�r_
<br /> ,�` fr,� 6, oacapmncy,Peeservatinn, l�a�aaoe and Peotec�ien o!the Psopeety;Borrnwe�'s Ie�n AppHc�tani
<br /> � `s.� IBasehoida Borrower sl�aIl oocupq,establish,'end use the Propettq as Bormwe�'s principal residenae�sisty days ��
<br /> :-. •s....��,>�. . ,:;���. aft�r ttie exe�on of this 5ecurity Insaumeui snd sbal!oont�e to oaupy che Propenq as Borrwve�s�Sqpa1�ae. .
<br />__ �.:;`��`.;::n;_,�ti, for at teast one yeas after tlte date of aocupamgy un2e�Lender otheiwi�e agc+�s ia w�ting,whicdi acr�s�eN;simlt a+�i be _ �`
<br /> s.<�';�:',;Z.:•....-:s-:� utaeaSOIl3bIy wlthhel8s oI w�less e�eIIUaliag�Ste�oes e�t wttiCh aRe 6ey0IId Bollowe�'s QuI�oL $olrOWes�S�BII , . �-
<br /> : :Y ..� :,:� not destroy,damage or�p�thePropests►.a�ow the propetty.w deterioiate►os oommit waste on the Ymperty. Bor�raonet
<br /> :, .".- shaD�e in da6ult ffaay$oibeit�ue acdoa ox placeeding,whether•dvD or crFminal,is begws that ia Lea�er's gaad faith. . �`":
<br /> ,.: r,;_ ludgment ooutd tesak.in fu�isure of the PrupertS► or othezwise material�q'impair the Hea cxeated hp tbis Security �'_�
<br /> ' Imtrument or Lender's se�uitY Iacerest. Borrower may aue sach a de£sult anA Yeinstate,as prflvided ia ga:ag�aph�l8y �. .
<br /> � . i �=%�: bq caustag the adlon or proceedit�g w be dismissed vv�tli a ruling tbat.ia'�iende�'s good faith de�nn,Preclud�s •��-`
<br /> �.:�;.;;'<';=;. fo�ture of tt�Borrow�er's interes!ia ttl�ee Fropeaty or other materiat"n�af the lien create�#by this Seciuiry . ��.
<br /> ,�: :. .,.:�E. In4u�meat or Lender's secarlty inierest Boirawer ahaU also be ia defautt if rrower,du:ia�the Ioan appllcattonptoe�,
<br /> -,° '",�:�.:�:.;;:_: �ave materlaBy false or i�aacurate�nfarmatioa or statemenu w Lender(or faited ta pmvide Leader wah aay mat�al . �`�`'.
<br /> �• :'.� .: ;Y,:`=�� . mfanaatlon)in aonnecxIon with the loan ev3deneed bg,the Not�' but aot�to,represenaa3aoffi wnaerniag . __-_
<br /> ;;;.� {,�` :--:�,: ;:��; Borrowe:'s ocwpaaoy of the Ytoperty es a princfial residcnoe. �eauity lastrument ls oin a 1�nI�I,,Borrawer _=°_
<br /> ;�..,,�� ..: ;�, ;;.:. sha71 complq arIth alt the pravisIoag of the lease. I�Bortuwer a�fee title w the Propert�►.the leas�eizofd,and tlte fee . - --
<br /> „' < _.�,t,� . ---
<br /> ":' -•«? ' title ahaII nut merge untess I.ender a�ees w the merger ia wrIqng ' � � � .
<br /> �; . ,. .J�.�;: , 9. Proteaton oi I.ende�a Rtghts in the Propesty. If Bosrower fa7s io pesfornt the oovenants and agteements - -
<br /> .� =� - T csontaine�in tl�.s Seairin►imsmimenb.or there is a tegat grooeeding t�at may si�c�ntly affect Lend�'s rigbfa in the
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<br /> _ .,�r��� � ProFerts►(suCh as a ys�eedisg ia 6anIQUptcy.Pro6ate,for coadenmatIon or fnr�e�ue or w enforoe tatias�ar re aaag). , --
<br /> --.. � �..� ..: .�+ �.. then Lender may do a�pay for.ahatevcr.is neaessary to pmtect the value of tbe ertq and I�a�ta the --
<br /> :.,;��-`"-����'.� '.`;� , . praperty. L�nder's a�ttons m�y include Pay3ng a�+sums aer,ured by a lien whieh has p�aver Wig Secofity Insttumeat, ' _
<br /> . . wh
<br /> ':��,`�.`;� aPp�ag ia.wu�t, aq3�g reasomble stwm 'fees and entering on the Prapertq to nake repaira..Altlmugh I�der� —
<br /> �,'��";e . ...._ �. `,,'�.','
<br /> - ::: r c��_.._a . IOS�I Zc1�C SC�OA��ti�s para�raph 7���e$��V8 t0 Qa�' �
<br /> %r �;,�• .. q�►amounts disbwsed by l�ender uadar this ParagraPh 7 shaII beooa�e additionai debt�of Bortat�ler sec�ed 1sY. —
<br /> > ,.� `%a this Seauiry.L�nstrum�nt Uniess Hosrawer and Lend�s a ee ta other termg of Paymeat,Wese amouats.s1�a11 best ia�etest .
<br /> from the date of disb�usemeat at the Note rate aad�be payab2e,wtth mterest,upon aot�oe from I�rtder,to Bornewer. -- -
<br /> ,� ` � �'" . 1e9��p��� � . ' . -
<br /> .����,� . 8. Insuraac� If Len�er reqnired mortg,age insuranoe as s aonditioa of making the Waa aecu�d-by�
<br /> ..�. .. :� f�"� tbia�Security Iastrumenf,Borrawer shal!pay the premiums requfircd tv t�3ataia the mart�e Insutanoe tn effec►. �foz � -
<br /> . ":�:'�.:�" suy reason�the mortgage insurance caverage required Dy Leader fap�s or ceases tv 6e m effect,Borrower shait pay - -
<br /> ` . � � �� �;� , the preminms req ed W obtata caverage eubste v^vauY alwvalent to the mortpge insuranee previousl,q tn effect;at a aost : �
<br /> }• • .� • � ent to the cast to Bormwea.c�i3he mort$age insuianae pt�!iouslq 1a effecl�from an a4temate mort�ge �,_
<br /> �,,.: substant�aUy equiva�I � --
<br /> • °"�;.;, iasurer ap�roved by Lender Tf substanUa�ly e�avatent mortpge Iastuatsc�a�verage is aos ava�abte,Honawer sbaU pay -_,-
<br /> .�' ��. to Lender eacb mautb a sum equal w one�twe]�th of•the ye�rly martgage inswaaoe premium tieiag paid.by BonQwer � �•,_.-
<br /> � �����,,. ='„� when the iasu:eaoe caveiage lapsed or ceaaed to be ifl effe� Leader w�71 aeoept,�use g n d r e t a i n t h e s e t�as a
<br /> •: �' ' •'; 2 o s s r e s e r r e i a l i e u o f m o rt g a ge insueance. Lass reseive P a Y.a e a ffi m a p no loa g e r be s�q u i te�l,at the of Lender, .
<br /> : ..:.��.�.:' ..,;,-;. v
<br /> _ :. .;•��:.::.; if mortgage aovera8g(ln the amau�zsfd fioi�lie pertod that I�r requlres}pmvided Dy�a urer appmved
<br /> :;;.:�:�;. r, .
<br /> ;:A by i�eader.a�ecomes avaIIable anQ�is obt�3�d. �Boaacuer shaII pay tfie pscmtums requt�ed to m�ntaia mortga e _
<br /> . ..'�.::'�� � • inauraace in effed.or�w provide a loss reserve.until the requirement for mortgage iasusance ends ia accordaace� �
<br /> ��:, ' m�y wrFttea agteemant�betwoen Bairower aad Lender or a�p�cabte taw. .
<br /> ffiy
<br /> °,;', 9. �asDe.Mton. L�cnd�r or its agent may make reasoaable entrl� on and�ons of the ptoperty. l�aQer
<br /> a �' ' ehail give Bonawcr nodoe at the time of m priar to an iaspectioa sp�S reaao�ble cause far the inspection. .
<br /> ; � ' �. ��;��; �10. Gondemns8am 7�e psooeeds of any award or claim for damages,dfrect o:��acequeatial,in coaaectioa wIth .
<br /> ,,. ;`:,`��',� ".. a�r condemeation or other taldng of any pan of th�Property.or for wavcyanoe in lieu of condemnatioa.�are hereby .
<br /> • > asslgned and aba11 be�d to Leader.
<br /> �� �'���. 1n the event o a total taking of the Froperty,the pmceeeda shaU be applied to the sums secured by tWs Securlty
<br /> �,'`. eda
<br />—'.` ���;�r:'':�: Iastrumenb whether or aot then due.arith atry e�a�ess paid to Botrower. 1n the event of a partlai taidng of tha prapeny
<br /> �,..:' . ._ �;:�' ia which tha fair market value of the Property itnmecNately before tLe takfng ia equal to or geater tban the amount of
<br /> r{��,.:: ...,.. .. ::
<br /> ��- .•:.;,.��: tha sums aewred by this Securtty lagtrument immedlateiy before the tatdng,nntess Bonawer and Leader othernlse agree ,:
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