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<br /> - � If tha cestoratton or repair ie not economlcnlly feasible or t,enGer'a eecutuy�'�outa oe icyecuu+� .u��w�»w r. G..:_
<br /> � , - ehnll 6e applied to the suras eeaured by thie Securlty Instrurnent. whether or not then due.with any exceas puid to
<br /> Bereower. If Borrower abuadons the t'rogerty, or does aot ans�Her witbiu 30 duys a nottce f%m �Ade�ry�e�e
<br /> n insuronce carrIer has offered to settle a claim, then Lender rnay collect the insurs�nce pr�c�d$• ,;��.
<br /> , "� pmceeds to repair or restore the Prol�ertY or to pay swns secured by this Securiry Insuument. whether or not then due. __'�
<br /> . The 30-dny period will begin when the nodce ia�iven. u�uon of procerds to prindFal�sliall not extead e-''
<br /> . '��` Unless Lender and Borrower othervvlse agree ia writing. anY aPP �_
<br /> - or postpone the due date of the monthly payineats m:errod w in ParaBraPha 1 and 2 or change the amouat of the _,
<br /> �� paymanes. If uader parugraph 23 the Property Is accluired by Lender. Horrower's ri�ht to twy insucannce goltcies aad 6' -
<br /> proce0�s resultins from damage to the PcopertY prior to the acquisition sball pass t��ttd�er to the extent of the suuca� �
<br /> `�w���""�` secured by this Security Instrumen4 imnaediately prlor to the acquisition. ��wer's II.ma� App11c�YI�; =
<br />•° �� 6, p�,y, �ation. b'ia9ntea�nvE and Protectton °as Borrotiv�'s�rlaci al residence witLiu sixty days . -
<br /> �1. I�olds. Bonower shall occupy,establish, a�►d use the Property P P
<br /> .ti� after We execudon of thia S�ty Instr�meat and shall continue to occupy the Property as Borro which consep.n�t -
<br /> - residence for at least one year after the date of occupancy, untesa I.ender otherwise ugrees in wrlW►8
<br />'�`'�``�..;'�:v�?�' shall not be unreasonably withheld, or unless extenuating c9reumstancxs exise W1�ich are beyond Bonower's control.
<br /> ,..��� to deterlorate. or commit waste on the
<br />:�,,.:�,r Borcower shall noE destroy.demage or impair the Property, a11ow the ProPertY whether civil or crlminal, is begun that
<br />;�SY�;y�� Property. Borrower shall be in default if any forfeinue actioa or proc�ing. air the lien
<br /> ' ':•- ia Lend�r's goal faith jndBmeat �°uld result in forfeiture of the Pro erty or otherwise materlallY imP
<br /> •,� :„ createcb by tbis Securtcy Instrument or Lender's securlty interest. Boiro�er ruay curz suc�a default and reinstate, as �_
<br /><'°`:`�+c�,: h 17�by ceusing the actton or proceedln�to be dismissed with a ruliag that.in I.ender's g4od t�dth
<br />_ pmvidec� in para8raP or other ma2erial impairmeat of the�a�►
<br />:�:��s��'� aetenpn�aadon, Pre�ludes forfeiture of t he Borrower's i n t e r e s t i a t h e P r o p e rt Y 6.
<br /> created by tbis Sec�sity Iasuumeat or Lender's seauritY intereac. Borrowet shall also be in deiault if�orrower, durinE '�::
<br /> the loan applicatlon praoess. gave materiaUy fatse or iaeccurate information or statenaenta w f.ender (or failed co
<br />-`,�.�y`*��, , pmvi¢e Lender with any material iafomiatioa) in connecdon with the loaa evidenced by the Note, inoluding.but not `--
<br />:±:i�,;,�;r<;`�`;: Umitcd to,represerYtaQions concerning Borrower's occupancy oP the Pmperty as a primcipal residence. If this 5e�urity
<br /> `_�'-�'� Instrument Is on a]eASehald, 8onawer ehall somPly wtth a17 tG� p�visions of the lease. If Borrower scc�uirea fee ti�le
<br /> _�- — W the Pcoperty, 4�e leasehold and the fee dtie sball aot mc.rge unle�,s T�euder agnea to tde merger in wrlting. ,
<br /> -.=�_v..� 3n the P�opectY. If Bormwer fails to perform the coveaants aad agceemettts
<br /> �, . t��a�iqn,o?Y�ddda l�i$1� thaz may aigni6cu�dy affe�t Lencler's rlghte��n the
<br /> ` ,� � 'cont�ined:iu this Seieur,lty I�►stcumeut, or there is a legal pr�oeedlnS m
<br /> , ,:;;,..� ProPeTtY (such as a pioceeding us oanIutiyi�. ��� for z�!�!nri�n or forfeiture ar to�en4'orce IA�VS OS
<br /> �;T'�.�.y�� .
<br /> regutations). then Lender may do aad pay for whutever ls ea¢cessary�P�� by a Uen which has prlorlty o�ver thfe
<br /> _-�---- rights ia the Property. Lender's acttons may include payin8 Y to make repairs.
<br /> ------ Securlty Insuvment� aPPearin8 in court�PaYia$reasonable auorneys' fces aad encering oa the l�roperty
<br /> — Although Lender may take acdon under this pareB�ePh 7,Lender does nai haee w do s4.
<br /> - Any amount� disbursed by I.ender under tbia paraBraPh 7 ehall become additional debt of Borrower secvred by this
<br /> -- — Security Insmia►ent. Unless Borrower and Lender agree to ather terms of payaoent. these amounts shell beat lnterest
<br /> - from the data of disbursement at the Note rate and shall be payabla. with interest� upon notice from i,ender w
<br /> -.��� Bortnwer sequasting payment.
<br /> 8. Inapectiom. Ixader or Its egeat may make reasonable entrtes upon ��e��or th��der
<br /> shall give Borrower nodce at the tizne of or pria:t� an{nspoctioa specifyin3
<br /> 9. Cao�mm�ion. 'n'iC Pro�de of any award or clairn for damages.direct or consequential, in conaection with
<br /> aay con�emnadon or other taking of eay part of the I�mpenY, or for oonveyence in lien of conde�nnauott. arc henby
<br /> �ssigned and shaU be paid to Lender. Iied to the suaas securcd by this S�utity
<br /> - In th.e event of a total taking of the Property,the P�s ���
<br /> Instrument, wh�ther or not thea due�wltli a�►y excess paid to Borrower. In the event of a parfial cakln8 o�f�e��
<br /> __ in which the fair market vatue of the Property immediately before the taldn8 is e4ua1 to or greater
<br /> _. __ -. --; of the sums secuted by thls Securiry Tnstru�at imm��ely hefore the taldng.�mtess Borcower and Ixnder otherwisa
<br /> agcee Ia writin��the sums secured by tbis Secutity Insu� shall be teduced by the amount of the proc�ds .
<br /> raultiplied by ttse foIIowing fracxion: (a) the wtal amount of the sums seaured 1�iaoelY before the taldn8,divldod
<br /> bY(b)tt�.e fair market value of the PropertY immediately ixfore the cakiag. Any balaace shall be paid to Borrower.
<br /> � ta the event of a partial tak�8 of the Prope�tY in which tbe fair market value of the Pruperty immediately before the
<br /> � m2dng ia less thea the amouat of the sums secured im�tY before the taldng� ualess Borcoaer and Lxnder
<br /> - othe�svise ag�ee in wridng ar unless applicabte 1aw othesalss provides. the pmceeds shall De applied to the sums
<br /> -- -- = secut+ed by thts Secudty Iasnument whether or not the sums ere thea due.
<br /> _-_——= If the PropertY is abandoned by Borcower�or if.after notic� by I.ender w Borrower that the ooademnoz offera to
<br /> -`i-P� make an award or settle a claim for damages� Bomower t'aUs Lo respond w Leader with�a 3Q days after����e
<br /> -`"=-""�-� notice ia given.Ixader Is authorized to collect and a;sply the proceeds. at ita option, either to restoration or repair of
<br />_--���'�'' the Fcoperty or w the sums secured by this Security Instiunceat� whether or not then due.
<br /> _--.;=,�;�..�, in wciting,anY aPPlicatton of proceads to priacipal shaU not extead
<br /> _._� _= Uatess Lender and Borrorrer othenvise �ta referred to ia pac�gaphs 1 aad 2 or change the armount of such
<br /> -__ _ or postpone the due date of the montEdy pay�nen
<br /> - --':'�_�� P8Y��' II�Hot a q►eiver. Exteastoa of the time for payment or
<br /> R�.;�.x,:;`:� 10. Bormwer Not Re�ed: Fa� BY t ted by Ixnder w any successor in
<br /> :_�:.-�3�� �odiScatton of aworti�ation of the sums seeui+ed by this Securlt3► lastnu�n S�a�
<br /> t� of Borrower shall not operate w release the liabllity of the original Borroewe i ���nrr•i�eR�se��extend
<br /> --�-y�'�'�-- interesi. Ixnder shall nat be mquired ��°� p1O�""`�° "g°"'°• •°•' ",."'°'_ -------
<br /> ";;;...._,. .. r b reason of an
<br /> .'�'':�'*"`""`'! time for payaaent or otherwise raodify amordzation of the sums secured by this Securlty Insbument Y Y
<br /> �-;�:�`;�.;;��:��:�. Borrower or Borrower's successors in int�rest. Any forbearance by I.ender in exerctainffi
<br /> .,�,.�,,,,.;. :.;<•-,i., demaad made by the o�ginal
<br /> _ � -_ k� siry right or remedy shell not be a waiver of or preclude the exercise of any rlght or reutedy.
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