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201503528
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Last modified
7/21/2017 2:32:35 AM
Creation date
5/29/2015 2:15:53 PM
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DEEDS
Inst Number
201503528
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��15�35�5 <br /> pr�miums paid b��orrower}unde�a�2 insuranc�p�Iicies ca��r��g ti��Pr�p��►,in�afax as such�ights are�ppli�abl� <br /> to th��ar��rage af the Praperty, Lender ma�►use�he insuran�e pro���ds eith�r tv repair or restare th�Pr��eriy ar to <br /> pa�r�m�un�s unpaf d under the Not��r th�s S�curity Instrurn�nt,wh�th�r�r not th�n due. <br /> �. �c�upancy. Borrawer shall��cupy,esta�lish,�nd u��the Pr�Fert�as borrawer's principai <br /> residence within��da�s after th��xecution of this�ecurit�r�nsirument and shali c�ntinue�o oGcugy the Property�s <br /> Barnower's principal residence f�r at least on�year after the�late�f occu�anc�r,un�ess L�nder atherwise agrees in <br /> wri�ing,which consent shali nae be unreas�nable withhe�d,or unle�s�xtenua�in�circumstance�exist which are b�yond <br /> BQrr�wer's cantrol. <br /> 7. Pr�ser��ti�n,Maint�nance a�d Prot�caan of�he Pr�p�rty;In�gecti�ns. Borrawef shal�nQ� <br /> d�stray,darn�ge�r impair the Fro�erty,al�aw the Praperty ta deteriorate�r cammit waste on the Froperty. �hether <br /> or n�t�orrnw�r�s r�siding in th�Properiy,Barrawer shall main�ain in the Pr�periy in ord�r to pr�vent�h�Propert�► <br /> fmm d�teriora�ing�r decreasing in walue�ue to its cvndition. L]nl�ss it is d��errnin�d pursuant t4�e��i4n 5 that r�pair <br /> ar r�st�ration��no�e�an�mi�ally feasible,Borrawer shali promptly repair the Pr�g�rty if damaged to avaid fur�hex <br /> r�et�riara�ian c�r darna�e. If inst�r�nce�r c�t�d�rr�nati�n proceed��re��id in c�nnectian w�th dema�e tQt or the t�king <br /> of,th�Fro�ert�,Borr�wer sha�}b�responsi���for r�pair�ng�r r�storing the Praperiy only if Lender has r�leas�� <br /> prviceeds for such purpase�. L�nder m�y di�burse prace�ds far the repair�and restaratiQns in a single ga�rm�nt or in a <br /> $eries of progress payments as th�v�ork is comp�et�d. I�th�insuran��or candemnati�n pr��eeds are n�t sut��i�nt t� <br /> r�pair or restor�the Pr�p�rty,Borrow�r is nat re�xe�cd�f Bonrawer's o�ligatian far the��rnp��tion of such r�pair <br /> re�taratian. <br /> 8. �arr�w�r's L�an Applicat�on. B�rraw�r st�all b�in default if,durin�t��Loan app�ication pr�c�ss, <br /> Borrow�r or any�ersons or�n��ties acting at t:�e d�re�tion�f Borrower or with��rrower}s knowledge or cans�nt ga�� <br /> material�y false,misl�adin�,8r ina�cur�te inf�rmati�n ar st�tem�nts���ender�or fai��d��gr�uide Lender wi�h <br /> mat�rial infarmati�n}in�anxieGtion wit�th�L�an. �Illateri�l r�pr�s�ntations include,hut are n�t�imited to, <br /> representatians c4n�ern�ng Bo�-t�awer's��eupancy of t��e PrQ}�erty as�orraw�r's principal residenc�. <br /> �. Pr�te�tioa of Lenderys Inter�st in the�r�perty and Rights Uader this Security Instrurn�nt. <br /> I��a�Borrawer fails to P�rform the cov�nants an�l a�reements�ontained i�this��curit�Instrument,�b�there is a Iegal <br /> praGeedin�that might signifi�antl�affe�t L�n�er's inter�st in th�Prapex-�y andlor rights under this Se�urit�r�n�trument <br /> �su��a�s�prace�ding in bankruptcy,probat�,f�r�and�mnat�on ar farfeiture,for enforcement of a lien vvhich may <br /> �ttain pri�rity�W�r this�ecurity Ias�uxnent�r t�enf��ce laws ar regul�ti�ns),ar�c}B�rnower has aband�x��d the <br /> Prop�rty,�hen Lender may d�and pay for whatev�r is reas�nablc or appropriat�ta pr+ate�#Lend�r's ini�r�s�in the <br /> Frag�rty and righ�.�under this��curit�r Ins�rument,ixzcludin�pratec�in�andJor assessing th�value af the Fr�perty, <br /> and s�curing and lar repairing�he Prop�rty.Len�er's ac�i�ns can includ�,but ar�n�t timit�d ta:�a}paying arzy sums <br /> secur�d by a lien whiGh has priQrity a�r�r t�is 5e�urit�Instrum�nt;����ppearing in c�urt;and�c}pa�in�reaS�nah�y <br /> attara�ys f�es tn prot��t its int�rest in�i�pr�perty andl�r rights under this Secrarity Instruu�ent,including i�s secured <br /> position�n a bankru�tcy pra��eding, Securi�g th�praperty includes,but is na�limi�ed ta,ent�rin�th�Frap�r�r to <br /> mak�r�pairs,change tac�s,r�g�ac��r boar�tig doors and wind���s,drain►avater from pipes, e��mina���uildin�or <br /> other�ad�Wiala�ians�r danger�us candi�ions,�.nd h�ve utiiities turn it�n or�ff. Althou�h L�nder naay tal��action <br /> under this Section 9,L�n�i�r daes nat have t�dv sn and is not under an�►d�t�or ab�i��tion t�d�sa. If is agr�ed that <br /> I.�nder incurs n�Iiabilit�r�or n�t tak�ng an�of�ll a�tions auth�ri2�d under this 5ection 9. <br /> �Lny amaunts disburs�d by Lend�r und�r t�is Sec�i�r��shall became additianal debt af B�rrav�er secur�d by <br /> thi��ecur��y Instrurnent, This amoun�shall bear interest at th�N�t�r�te from the date of disburserr�ent and shali b� <br /> payable,with such int�rest,uRon noticet�fron�Lend�r to�or�ower reque�ting payment. <br />
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