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<br /> ' LoA►v No. 9769567 gT.� ��.D�Q�ii ',•`''v�
<br /> ' , Bonower shall promptly discharge any lien which has priority ovcr chis Security Instrument unless Borrowcr. (a) _ }.;�-:
<br /> ' � agrees in writing to the payment�f the obligation secured by the lien in a manner acceptable to L,ender;(b)contests in _
<br /> �� good faith the lien by, or defends against enforcement of rh�lien in, legal procecdings which in the Lender's opinian
<br /> operate to prevent the enforcement of the lien;or(c)secures from the holder of the Iten an agreement satisfactory to ;•.-`
<br /> Lcnder subordina[ing the lien to this Securlty Instrument,If I.ender dctermines that any part of[hc Property is subJect �••5,.
<br /> to a lien which may attain priority over this Security Instrument,l.ender may give Borrower a notice�dentifying the lien. �
<br /> �";� Borrower shall satisfy thc lien or take one or more of thc actions set furth abovc within 10 days of the giving of notice.
<br /> 5. Hazard or Property Insurance. Bonower shall keep the improvements now existtng or hereafter erected on
<br /> �'"'""'"� the Propeny lnsured against loss by fire,hazards indudcd within the term"ex[ended coverage'and any other hazards, -
<br /> �'""�"�' including floods or flooding, for which Lender requires insurance. Thts insurance shall be niaintained ln the amounts
<br /> and for the periods thut l.ender requires.The insurance carrier providing the insurance shall be chosen by Bonower ._
<br /> subjcct to Lender's approval which shall not be unreasonably withhcld. If Borrower fails to maintain coverage
<br /> described above, Lender may, at L.ender's option, obtain coverage to protect Lender's riglits [n the Property in °
<br /> � nccordance with paragraph 7. -
<br /> All insurance policies and renewals sh�ll be acceptable to Lender and shall include a standard mortgage clause. _
<br /> • l,ender shall have the right to hold the policies and renewals.If L.ender requires,Borrower shall promptly give to Lender
<br /> all receipts of paid premiums and renewal notices. In the event of loss, Borrower shall give promp[ notice to the _
<br /> � insurance canier and Lender.Lender may make proof af loss if not made promptly by Bonower.
<br /> � Unless Lender and Bonower otherwise agree in writing, insurance praceeds shall be applled to restoration or
<br /> repair of the Propeny damaged, if the restoration or repair is economically feasible and Ixnder's securi[y is not _
<br />_, , �� lessened.If the restoration or repair is not economically feasible or Lender's security would be lessened,the insurance _
<br /> . . proceeds shall be applied to thc sums secured by this Security Instrument,whether or not then due, with any excess
<br /> pald to Borrower. If Borrower abandons the Propcny,or does not answer within 30 days a notice from Ixnder that the �_ _
<br /> � insurance carrier has offered to settle a claim, then Lender may collect the insurance proceeds. Lender may use the _
<br /> - proceeds ta repair or restore the Property or to pay sums secured by this Security Instrument, whether or not then �
<br /> `�• due.The 30-day pertod will begin when the noticc is Siven. —
<br /> Unless I.ender and Bonower otherwise agree in writing,any application of proceeds to princip�l shall not extend �
<br /> or po3tpone the due date of the monthly payments refcrrcd to in paragraphs 1 and 2 or change che unount of the =-_-
<br /> payments. If under paragraph 21 the Prapeny is acquired by Lender, Banower's r[ght to any tnsurance policies and �
<br /> proceeds resulting from damage to the PropeRy prior to the acquisition shall pass to Lender to the extent of the sums ��
<br /> � secured by this Security Instrument immediately pnor to the acquisition.
<br /> t�, [�uoancy, Preservation, Matnteaance and Protection of the Property; Borrower's Loan Application;
<br /> Leaseholds. Borrower shall occupy, establish, and use the Propeny as Burruv.c�'s prin�ipa! residence:�'ithia sixty -
<br /> ______.__ __
<br /> days after the execution of this Security Instrument and shall continue to occupy the Property as Bonower's principal
<br /> residence for at least one year after the date of occupu�cy, unless Lender otherwise agrees in writing,which consent
<br /> shall not be unreasonably wlthheld, or unless extenuating clrcumstances exist which aze beyond Bonower's control.
<br /> � Bonower sha11 not destroy,damage or impair the Propeny, allo�l�[h^PropeRy to deteriorate,or commit wastc on the
<br /> Property. Bonower shall be In default if any forfeiture action or proceeding,whether civil or criminal, is begun that in
<br /> Lender's good faith judgment could result in forfeiture of the Propeny or otherwise materially impair the lien created by
<br /> this Security Instrument ur Lender's security interest. Bonower may cure such a default and reinstate, as provided in
<br /> paragraph 18, by causing the action or proceeding to be dismissed with a ruling that, in Lender's good faith
<br /> determmation, precludes furfeiture of the Borrower's interest in the Propeny or other matcrial impairment of the lien
<br /> created by this Security Instrument or Lender's security interest. Borrower shall also be in default if Bonower, during
<br /> . the loan application process, gave materially false or inaccurate information or statements to L.ender (or failed to
<br /> provide L.ender with any material information) in connection with the loan evidenced by the Note, including, but not
<br /> limited to,representations concerning Borrower's occupancy of the Propeny as a principal residence. If thls Security
<br /> Instrument is on a leasehold,Bottowcr shail comply with all the provistons of the lease.If Barrower acquires fee titte to
<br /> � the Proper[y,the leasehold and the fce titic shall not merge unless Lender agrees to the merger in writing.
<br />- 7. Protectton oY Lender's Rights in the Property. If Borrower fails to perform the covenants and agreements �
<br /> �� contained in this Security Instrument,or there is a legal proceeding that may significantly affect Lender's rights in the
<br /> Proper[y (such as a proceeding in bankruptcy, probate, for condemnatlon or forfeiture or to enforce laws or
<br /> . � regulapons),then Lendcr may do and pay for whatevcr is necessary to protect the value of the Properry and Lcndcr's _______
<br /> , righcs in the Propeny.Lender's actions may include paying any sums secured by a lien which has priority over this
<br /> . � Security Instrument, appearing in court, paying reasonablc attorneys' fces and entering on thc Property to make v
<br /> . , rcpairs.Although Lender may take action under chis pazagraph 7,Lender dces not have to do so. �_
<br />- Any amounts disbursed by Lender undcr this paragraph 7 shall become additional debt of Borrower secured by __
<br /> this Security Instrumcnt. Unless Bonower and L.ender agrce to other terms of payment, thcse amounts shall bear
<br /> ir.terest fr�m the date of disbursement at thc Notc rate and shall be payable,with interest,upon notice from l.ender to
<br /> Borrower requesting payment. -
<br /> Form 30lB 9190 •
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