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201503260
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7/21/2017 2:26:21 AM
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5/20/2015 10:15:24 AM
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201503260
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��15�3��� <br /> Unless I�ender an� Barra�r�r atllerwi�� a�ree in �vrit�n�, ins��rance proceeds �hal� be applied �o re��aratio�l or <br /> �repax� �f the Property damag�d, if, in L�nder's sole drscretian, th� r��taration �r re�air is ��onam�call� fe�s�ble <br /> �nd L�nd�r's securi�y �s not lessened. If, in Lenc�er's s�Ie di�cretion, the res�arati�n or r�pa�r zs n�t econ�mically <br /> feasib�e�r L�nder's s�curi.ty would be Iess�ne�i, �he in��lral��e�ro��eds sh�.11 be a�plied�o the surns secur�cl b�this <br /> �e�urity Inst.rument, �vheth�r o� no�: then due, wxth an� exc�ss paid ta Borro�er. If Borr�wer abandaxa� th� <br /> Prap�rty, ar�ioes not�ns4ver v�xtrun the number af days pre�cr���d��Appli�ab�e Law as s�t f�rth in a n���c�fr�.m <br /> Lend�r to Borrov��r�hat the insu;rance �arrie�h�s Q�fered ta �ettxe a �laim, then Lender ma� ca11��t�he insu�r�nc� <br /> pro��eds. Lend�r may use th� prac�eds to repair �r r�s�or� th� Pr4�erty or t� pay �ums se�ured�ay �hi� �ecurity <br /> Instru�n�n�,wh��h�r or not th�n d�ue.The p�ri��l�f�ime far B�_rrawer to ans�v�r as s�t for�h in th�n��i����Z�be��n <br /> �vhen th�nati�e is given. <br /> LTnIe��Lender and B��rQ w�r ath{�rw�s� a�ree in vvriting, an� applx�atiol�of prQceeds ��pr�n��pal sha�� not�xt�nd <br /> ar p�stp�ne ��ie due date af�he paym�nts ref�rred to rn the �ect��n �i�Iec� Payment af Prin�ipaX and Inter�st; <br /> Prepaymen� and La�e �har�es or�hange the am��u�t of ihe paym�nt�. If und�r�he section titl�d Acc�l�rati�n; <br /> Remedie�, the Prflperty is acquired by Lend�r, �on au�er's ri�h�t� any ir�s�.xran�� pa�icies a.1�d proceeds r��u�ting <br /> fr��n�iama�e t�the Praperty pri��r t� th� acc��.�i�it��n sha�l pass�o Lend�r to the ex��nt af the sums se���re�.b�thi� <br /> Sec�.�rity Instru��ent immedia�ely:�riQr ta the a�quzsitian. <br /> Freservat��n� IVla�nt�nanee an�d Protecti�n �f the Prope�t�; Borr�wer's L��n App�i�ation; Leas�h��d�. <br /> F orrourer �hall no� d�stray, dam��ge or xmpa�r the Prapert}�a allaw the Property to d�t�r�oratea or c�mnut u�a�te �n <br /> the Proper�y. �arr�ti�er sha1l be i��default i�any f�rfeiture a�txon or p�-o�ee�ing,whether ci�i�ar��imin�l,i�begua� <br /> that �n Lender's go�d fax�h ju�lgm�n� could re�ult in f�rfe�tur� of the Praperty ar other�ise m���rially �r�rYpair th� <br /> I�en create� �� this S ecur.�ty �n���rUm�r�t �r Lend�r'� secLu ity intere�t. I3 a�r�v�er may �ur� sucl� a d�fa��t �rid <br /> reinstat�. as praWided in s�c�i�n t.itied BQrr���r's Ri�ht �� l�eins�ate, �y causing the a�tion or praceeding tQ be <br /> di�misse�vsr�th�.rulin�that,xn L�:11der's gaad f�.ith det�rrr�ina�x���,preclu�es fa�rf�iture�f�he Bo�-row�r's int�res�zn <br /> the Pr�pert�r or a�her xna��rial ��npairment �f th� �i�n created b� th�s �ecurity Ins�rument or L��a.der"s s�c��r��y <br /> in�erest.Barra�ver�halX a�so�e ir.�d�Fault if Bo��ro�er,during the�oan appiicatian proc�ss,��ve ma�erially fal���r <br /> i�acc urate inf�rmat�.an ar statem ents �o Lendex ��r fail�d �a pr.av�de L�nder �r�th any mat�ria� inf�r�nati.an} in <br /> con��e�tz�n �vith �he laan eviden��ed b� the Na��. If �hi� 5�curit� In�tr�ment is an a le�.sehald. B�rrau�er sh�11 <br /> c�mply with all�h�pra�risxans�f the 1�ase. If�orrower a��uir�s fe�title ta th�Pr�per�y,the�easehald a.r��.th�f�e <br /> �it1�shal�not merg�un�ess Len��r abrees�o the m�r�er xn writing. <br /> Pro�ect��n �f I��n�er's I�ights in the Property, If B�rrower fa�ls tfl perf�rm �he cov�nant� a��d a�reem�nts <br /> �ontained�n�hxs Sec�:�rit�In�tru�xre��t, �r�her�is �le�al pro�eeding that may siani�"��~ant�� affec�Lender's rights in <br /> t�he Prapert� �such as a proceedi:r�g in bax�kr��p��y, pra�a�e, f�r ��ndemr��tion or forfeiture or �o enforce 1a�us or <br /> re�u�atians�, then Lend�r may d� ar�� pay f�r �hatever �s �eces��ry to pra�eGt �he �ralu� af the Prop�.r�y an� <br /> Lender's right�in�he Praperty. L��nder's acti nns may incl���e p�y�ng an��um�s�c�.lred by a lien wvh�ch has pz7�rity <br /> Qver thi���cur�t�Ix�strumen�a ag�a�aring in ��ur�,pa�zn�reasQnable a�tar����r�'fe�s and en�er�ng on�he Prape��t� <br /> mal�e re�a�rs, 1�l�hough Lender m.a�t���.ct��n under this ��c�xox�,L�n�er�ioes nat have t�d�so. <br /> A�.� amount� di�b�.lr��d �y Lender under �h�s s��tion �hail be�ome additiona� d�1�t of B�rrower s�cur�d l�� this <br /> Se�urity �nstrume�xt. Un�ess B orrovver and Lender a�ree ta oth�r terms of �a�rm�nt, these arn�unts sha�l. �ear <br /> �ntere�t fram the date of di��ur�e��nen�at�he No�e rate and shal�b�pa�abXe,�rith�nter�st, upan no�i c�fr�zx�Lender <br /> �o��rrQ�ver requestin�pa�ment. <br /> Mortgab� Insuranc�. If Lender r�quir�d mort�ag� �.nsuranc� as a �onditian c�f mal�ing the 1�an secured by thi� <br /> Sec«rity In��ruxnen�,Borr��er�hall�ay the premiums requ�r�d t�marn�a�n the m.�rt,�a,��in�urance�n�ffe�t.If, I'ar <br /> any reasoz�, the m�r�ga�e ins��ra���e ca��rag� r�quired b� Le�ader laps�s Qr cea��s �a be ir� effect, B�rro�er sha11 <br /> pay the premiums r�q�r�ed �o o��tai1� c�v�rag� substan�i�ally �qu�val�nt to th� m�rtgage in�urance previou��� i1� <br /> eff�ct, at a c�st �ubstantially eq�ii�al�nt to th� cast �o B�rr���er of�h� mar�g��e ins�ranc� previou��� in �F���t, <br /> froxrr an a��erna�e mart�a�e in�ur�kr a�p�oved by Lender.I�sub�tantially equi.valen�mort�aa��nsurance�av�rag�is <br /> not a�raiXab�e, Borro��ver �ha�l �a��.y to Len�.er �ach rn�nth a �um �c�ual ta a11e-tw�lft�i �f the ye�.rly mort�age <br /> insurance premium be�ng�a�d b�r�arr��rer when the ins�.�rance cov�rage 1ap�ed�ar ceas�d to b� in�ffe��. Lend�r <br /> �20�4-`��1�Cornpliance Systen�,s,izic.Fa6�-g214-t:4�3L2.tQ.1.$�5 <br /> Consumer Real Estat�-�ecurity Z�istrunici�t�L�.i]35 Page 3 nf 7 www.�om�Iiancesystems.��m <br />
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