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<br /> � � 9�� �c����s �t
<br /> -�-� Loan No: 1,Z00979532 - ' ueta iu: 7� -
<br /> 6. Orcu anc3�� Pr�servatton, Main4enauae csad PcmLection of We Propee�qq Borratis�e�°e Loan Appltcp�tonj i .^
<br /> ' Leaseholde. Bonower shult occupy, estab1Ish,aad usc tise Progertyr as Borrower's grincipal restdcace within sixri days f r
<br /> aRer the acc.cdUon of this Security Iastrument and shall wntiaue to oocupy the Propeny as Borrower s principel reaidQnoe
<br /> for at least otaa year aRer the date of occupancy,unless 1�ender othetwise a�ees ia wrlting,whinc�anseat ehap not be �,.
<br /> unreasonnDly wltbhetd,or untess extenuating circunstences cxist whicb ure bayond Bonor�cr's conuoL F3orrowcr shall ..,_
<br /> � • � not destroy,damage or Impait the Froparty,aUow the Pmperty to detedorate,or oomnitt waste oa the Propert�. Borrower =.
<br /> �- shnU be ln detauit if sny Porfeiture action or proceeding,whether civfl or crlminal,is begua tlust in I.ender s�;ood faith =_
<br /> . �, �,.��, ludgment aould result in forfeitwo of tis�e Property ar otheivvlse raatertally impair the lien created by this Security v
<br /> �strument or Lender's security iaterest. Borrower may cure such a defauIt and reinstate,as provided iu para$raPh 18,
<br /> . .--�; ^ by causing th�actlon or proae�ding to be dismissed anth a ruliag that, in Leader's good Faith determination, Precludes __
<br /> ,��.,,� farfeiture of the �arrower•s interest in tke Propertp or other materIal im ainaent of the Ifen created by this Secudty
<br /> t
<br /> � Insttuncent or LendePs security interesG Barrawc�r shall also be in drtault if orrower�durin�the loan applicatIon proo�ss. _ -
<br />- ~ gave materielly false or iaaacurate InforntatIon or atatemenu to L,ender (or failed to prov3de L,eAder wiW aay material
<br /> Iaformation)in aonaeccion wlth the loan evldenced by the Note,including,but not limited to,representations cc�noeming
<br /> �: IIarrower's oc.eupam.y of the Propeny as a priucipa1 residenoe. If ti�is SecurIty Jnsuument is on a leasehold, Borrawer
<br /> �' shall wmpiy with all the provlsfoas of the lease. I£Bonowet aoquires fee title to the Property�the leasehoid aud the fee _
<br /> .�, i: tItle shaU not merge unle�s Lender agtees w the merger in writing.
<br /> ,. ;r.:� .
<br />`:� �;.. �. 7. Pa�otecttoa of Lender's Rights in ttte Property. If Borrower fatls to perform the oovenants and agrcements
<br />. � . wntained ia thia Secudty Instromeat,or there is a leSal Prooe�in8 that may si g n i ficantly effect Lender's righta in the
<br /> Property(sucb as a prooeediag in bankrupt�y,probate�for condemnation or f orfe i t u re o r t o e n f o r ce l a w s o r r e�lations), ._
<br />-+r�;.,�.�,,•. then Lender may do sad pay for whatever is aecessary to protect the value of the Pro�erty and LendePs dghta in the s—
<br />_ . . property. LendePs actions may include paying aay swas secured by a 1[en ahich has prionty over this SecurIty Insuument,
<br /> " � apgearing in court,payin�reasonable attomey�'fees ead entertng on the Pmperty to make repairs. Although Lender
<br />=�. ,� �„;''.. �. may take action under th�s paragtaph 7,Lender does not have to do so. _.
<br /> -` Airy amounts disbursed by Lender under this paragraph 7 shall become addiHonal debt of Borrower secured by
<br /> _ � � tlils Secur[ty Instrument Unless Bononrer aad Lender agree ta other terais of payment,these amouats shaU bear interest _
<br />`�'''�'`}`� frora the date of disbursement at the Note rate and shaU be payable�wIth L�terest,upon notioe fmm Lender to Bonower _.
<br /> �;r'�..�: recluestlnB PaYmenG =-
<br />.y+�>�W<^1;.,�� & Mort�age Ineuranae. If Lender required mortgage insuranoe as a condition of makiug the losu securcd by =
<br />-,�:s:�a this Securtty Insstrument,Bornower shaU pay th�e premiums required to maintain the mortsage insurance iu effect. If,for -
<br /> .`�� aqy reeson,the mortgage insuraaoe aoverage required by Lender lepses or ceases to be in e�ect,Borrower shall paY
<br /> __d.�.� the premiwn,s tequire�w obtain coverage substandally equivalent to the mortgage iasurance prevlousty in offect,at a oost
<br /> ., -;�.�. aubstanuniIy eyuivakut io ihc�i tu Barza��er Qf t�asort��fnsur�n�?p gmYk►us�►in effect,from an alternate mortga&e
<br />,``_;:::�3 � lnsurer approved by I.ender. If substantIally equivalent mortga$e inaurance coverage is nat available.Horrower shall paY
<br /> _ ,�;;�,� to L,ender each month a sum equat to one-twe1RL of the yearty mortgage insuraace premium bein$ paid by Borrower
<br /> s -- when the iasutaace coverage lapsed or oeased w be in effect. I.ender will aooept,use aad retain these payments as a
<br /> -- ��� loss resetve in Heu of mortgage insurance. L�oss�esenre PaYaients may ao loager be requimd.at the optIoa of Lender,
<br /> --�L;�� if raortgago insuranoe auverage(in the amount and for the perIod that Lender requires)provided by an insurer appr�ved
<br /> ------_ by Leader again beoomes available and is obtained. Borrower shaU pay the premiums regutred to mainta{n mortgage
<br />.>;:��� �nsuranoe in effect,or to provide a loss reeetve► uatIl the recluirement for mortgage insuranoe ends in a000rdanoe wtth
<br />''��`��°�� aay arItten agreement between Borroaver aad Lender or appHcable law. �
<br /> �:;;��,� 9. Inspectton. Lender or its agent may make reasonable enMes upon aad inspections of tke Property. L,ender �
<br /> -_N-.�,a�. ' sLall give�o:rowot nottoe at the time of or prlor to an ir�specttoa a r�asonable cause for the inspection.
<br /> ----��-- 10. Condemnation. The proceeds of aay award or claim for arn g�direcc or consequentiel,in oonnectioa with
<br /> -- - any ooademnation or other taking of suy part of the Property,or for coaveyance in lieu of oondemnation,are hereby
<br /> =-- sssIgned and shall be paid w Lender.
<br />-- - In tlte event of a total taldng of the Property,the prooeecis shall be applied to the sums secured by tbis Secudty
<br /> �,,� lnsmm2ent,wluther or not then duc,wlth a�+�coess paid w Bonrn�►'ee• Ia thc event of a partial tekinB of the Property
<br /> - in which the fair market value of the Property immediat�ly before the taking isequal to or geater thau the amount of
<br /> -- --- -_= the somns sw;ured by thfs Secudty lnstrument imsnediately before the talcing,unless Borrower end Leader otherntse agre�
<br /> - --�'.'� in writing,thue sum+secured by t�fs Security IuSmuaent sha11 be reduced by the amount of the prooeeds mulHplied by the
<br /> =='�"��� follow�g frae:siion:(a)tt�e total amount of the sums secured imtttediately before the taking,dfvidedby(b)the fair m�atltet -
<br />"a:�_�-�' value o�the Propert1+immedi�tely before the taking. AnY balance ahaU be paid W Borrower. In tfre evcnt of a gar�al "s
<br /> ,�r�se�a�, -
<br /> ---- taking of the Ptopsrty in wlrich tke fair market value of the Pronerty immediately before the takiag is less thau tlte
<br /> -_=- t�awvnt of the sums sewred immediatelY before the taldnA,ualess Bormwer and Lender othe�wise agree in ariting or
<br /> _� unless applicable law otheiv►�fse ptovldes, the Pmoeeds ahal�be applied to the sums secured by this SecurIty Instrument
<br /> ----�-��--�=� whether or uot the sums are thea due.
<br /> - - If ttre pnoperty�S abandoned by Horrower�or if,after notioe hy Lender to Borrower that the eondemttor offe�t
<br /> ---- to make an award or settics a cla�n for damages,Bonawer fails to respond to Leader aithin 30 days atter the dgte the
<br /> ��"""�'-' notice is gtven,J�ender is suthorized to oollect aad aPPly the prooeeds,at its opt�on,either to restoratton or repair of the
<br /> - --�-� pcoperty or to ttie sums secured by thi�Security insuuraent,whether or uot tiien due.
<br /> ---=''�� Ualess Lender aad Borrawer otheearjsae agree ia writisng,arn+aPPlicatioa of prooeeds to princlga1 shall aot extead
<br /> - - �,.�"`�: or e the due date of the moathly payments refene�w In paragisphs 1 aad 2 or change the araount of such
<br /> �`�=��, P°stpon
<br />-=�ro3r�s�r?' PaYments.
<br /> �:�:zafi;�.,�'�- il. Bon+nwer Not Reteased;Fosbearauoe Bq Londer Not a Waiva: Fxtension of the tittte For payment or =
<br /> ��?
<br /> =_=_--_��,� modification of amorti�atioa of the sums secured by tiiis Seauiry Instrument granted by Lender to any auoce�or in
<br /> =•_-��;,—' int�rest of Sorrower shalt not operate to release the liability of the original Bomower or Borrawer's suaoessora ia interes�
<br />--_:��'. I,ender s2�aU not be required to oonnaence prooeedin�agawst �y suaoessor in interest or refvse w extead time fo�r.
<br /> �ti�-s' gayment or oWeralse modiPy amort�ation af th$su�sec�red t►y t�is Secudty Insuument by reason of any demand mndaa
<br />- "r-J��-.;t'�- by the o:lginal8on+ower or Bomnwet's sucoesso�s in interesG p�y forbeacanoe by Lendes in exercLgipg anY right or
<br />---_. •'t;'^
<br /> °,,.�:_r`,r_:�T�_, ��y�not be a waiver of or preclude the exenise of atry ri ng t or reme�ly.
<br /> �':,;''.,�. IZ. Snooessore and Boamk Jolnt esd Severet Ltabilit�Co-s�ers. Tke oov�eaaats and agreeraents
<br /> =-`r��r-=•���� ..t�tr. ce,�..«r., tntr�s*nnnt atfa�ind attd be1fL$t t�1C St100CSSOIB SII�8331B6S of Lender and 8orrower.subject to the
<br />- ^- .'"�,��. ... ...o � �_��______ --
<br /> provisioas ofpara�dph 17. Botrower's oovenants and agreements shall be joint aad several. Any Borrower wtto c�-
<br /> '_ ���• stgns tt�is S�urlty_ Iastrument but does aot eaecute the Note:(a)is oo�s��this Security Iactrument onty to mortgage,
<br /> '.;''�=,-.,�`�:,� grant aad oorney that Borrower's interest in the Property ander the terms o- f ti�is 5r,cu.Kty Insuuraen�(b)is not pe�sonalty
<br /> � �'" ob ted to ytha swas secused by this Secudty Ynstrument;and(c)a that Lender aad a�r other Borroarer mxy
<br /> ;�:., :
<br /> a �W exten8.modify,forbear or make a�v a000mmodations with re to tfte ternns of this Secunry Instrument or the
<br /> ° � ote wlthout that B�rrower's oonsen�
<br /> . 13. I.ostx�Claarges. If the loun seaut�d by this Security Imuunteat is subject W a law which sets ma�dmuta toan
<br /> � cliarges,aud that law is fiaally inteiprEted sa that the interest or other loan cbarges oollected or to be ooll�in
<br /> oon�ion with the loan exaeed tke penaitted limits�then: (a) eay such Ioan charge shall be teduve�by tlte amouat
<br /> . aecessary to roduoe tks charge to the permitted luair ead(b)asiY aums already wllected from Bonower which euoeeded
<br />-, permitted timfta wUi be refuaded to Bornnver. Lender may choase to make this refund by reducing the princIpal owed
<br /> ` �• ° urtdcr the Note or by making o direct paYment to Borrower. If a refiued reduoes prlacipal,the reductIon wlll be treated
<br /> , as s partiul prepaya�tent wititout at�yr prepuyment charge uader the Note.
<br /> Y- .
<br /> ' Fcrm 3�t0 9180 (P�go 3 ot S Psgssj
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