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<br /> - Q. HWII'� � �fOplf'f�' IYrI'YL'f. BOffON�Ct{�tu kCCQ t�10�1�ItONCalCOI�OO'W OXLi1� O[ �1C[C�LCI C[CdCd OD Q3C
<br /> = P�ny�[16lIrCd a�tYt 10�6�I fQ0. bWfdt�IIC1YdCd N�th� fbC tE�tq�E7QCItdEd COVefagtl� aDd�D}I Ot�1E�6�7Jf��Y�
<br />�.�;, �oods or tlood�n& for whi¢b I,cader requires iatunnr�e.Thi�iawraooe�haU tx ms3atainedin t6e amounts�nd for tbe periodr
<br /> that Lander requires.T6e iasurmcn carrier providing tLo ia:urance�6all be chosen by Horrower subject to Leuder'e approv�l
<br /> whic6�haU aot be unre�wnwblywithheld. If&urowec fai4 to maiutaia c�overa�e de�crilxd above, Leader may� at Lewkr'a
<br /> - p�(jOit�0��1q Ci1Y�[:tgC�O pfQlCC[LCfldtf 3 TI�1tS�II tlfE PfW�C o l,enader md ahall�ude a�st�ndudmortgago clause. Lcnder _
<br /> � AII�RRYJ�CC pI1��Ci�iCnCW�Ii ShiII bC�CCCQI�
<br /> � �.��n�' � thall lwve the rjghl Io bold Ihe policl�s and teaeWSk.If Lender rcquires,Borr roo� notice to t�heyi�asuraacxcarrier aad Lederf
<br /> — '>'=�'`�'� paW premiumssnd ranewat notices.In t6e event af loss,Borrow�er zh�U Qive P pt
<br /> � ��W.�.;�;,�� Leader may make proof of loss if not made promPtlY bY Borrawer.
<br /> � Unless Lendcr and Borrower oth�rwise agree ia writing, insusaace procetdsshall be applied ro restorationor repair of the
<br /> � —�;::� .=-=�� �' Propecty dam�gcd,if the restoratioaor repair is ec000micaUy feasible and l.cader's security is not�esseaed.If the restorationor
<br /> ...�.�.,�.�.•.
<br /> repair is not ecoaomically feasible or l.ender's aecurity wuuld 1x�escened,the insu�a°c�P�O�����appued to the sums
<br /> -�-•��-•�'���'=°�•�`'� secured by this Sectutty lnurument,whether or not ttun due,with any excess paid to Borrower. If Borrower abandoas e
<br /> ' '�' �'�" or does not answer withia 30 days a notice from l.ender that the insuraace curiec 6as affered to settle a claim, then
<br /> � . Property� P��Y PaY
<br /> ! ' .• '�� L,ender ma coUect the iasurana:proceeds.Lender may ase the procecds to repair or restore t6e Pro or to sums
<br /> - � �..,..;�.. :' _ _ , . Y
<br />, - ,;.,.J�; eecured b y this Security Iactrumeat,whether or not fhen duc.T6c 3aday period wip beg'u►when thc notice is g►ven.
<br /> `'>... : .. Uoless l.ender and Borrower ot6crwise agree in writing, any app�catioa of pr o c x e d s ta prin c�p a l s h a U n o t e x te a d o r
<br /> n
<br /> postpoac thc due date of thc montWy paym�nts referred to ia paragrapl�s 1 and 2 ar c6ange the amount of the payaaeats.If
<br /> ? , under pusigraph2l the Properry is acquired by I.endcr,Borrower's right to any insurance poUpes and proceeds resultiag fron►
<br /> ' ' damageto tbe Property prior to the acqutsidon shaU pass to Lender to the extent of the sums securedby this Security lnstrumoul
<br /> immediately prior to thc acquisition.
<br /> • 6.OocupAncy, P�eserv�tloa. Maiotea�nce and Protecttoa ot tbe Property; BorruM+er's Lown AppUcAtion; itasehdd9.
<br /> Bonowcrs6aU occupy. esta6lish,aad use thc Propertyas Borrower's prinapal residencewit!►in sixty days after tl�e execution af
<br /> this Security Instrument and shaU wntinuc to accupy tbc Praperty as Bocrower's priaapal resideace for at lcast one year after
<br /> the datc of oceupancy,unlcss I.endcr othcnvise agFees in wricing� w6ich consent s6all aot bc unreasonablywithheld, or unless
<br /> e�denuating circumstanccs exist w6ich are beYoad Bonower's control. Borrower shall not destroy, damage or impait the
<br /> Property, �Ilow t6e Propetty to detecioratc,or commit waste on tl►e Praperty. Borrower shall be in dcfaWt if any forfciturc
<br /> actioa or proceediag,whether civil or criminal,is bcSun that in l.cndcr's good faitb judg�nent cauld res�lt in forfeiture of the
<br /> -` -- . -_ property or oiherwise materiaiiy impait ihe iian crcaicdby this Sec:srity Iastr�mPOtcx Lender's seeurity intorest.Boaowermay
<br /> cure such a default and reinstate,as provided in parugraph]8, by causingthe actioa or proceedingto be dismissed with a ruling
<br /> t6at�ia L.cnder's good faith detcrminatioa,precludes forfeiturc of the Borrower's intcrest in the Property or other materi:tl
<br /> � impairmentof the lien createdby this Security Instcwnentor Lender's security iatcrest.Borrower sball�lsn be in default if
<br /> � Borrower,during the loan applicadon proccss,gave materially false or inaccurateinformatioaor statementsto I.ender(or failed
<br /> to provide Lenderwith any materialinformation)in coanectionwit}►Ihe loan evidencedby the Note,including,but not limited
<br /> to, representationsconcerningBorrower's occupancy of the Propertyas a priacipal residence.If this Sectuity Instrumentis oa a
<br /> • Ieuschold, Bonower shall comply with aU the provisions of the lease. If Bonower acquires fee dde to the Property, the
<br /> � least:hold and the fee title shaU not merge unless Lender agcees to the merger ia writing.
<br /> ' 7.1►rotecuon of i.euder� �is I►►We 1'�'olxr:y. If 8osrotverfails tu performthe covcnants astd agreemrnt�r�ntnine�lin
<br /> �, this Sccurity Instrument,or there u a legul proccccling that may significantly �ffect Leader's rights ia the Property(such as a
<br /> + proceeding in bankruptcy,probate,for condtmnationur furfeiture or to enforc�:luws or regulations),then L.ender may do and
<br /> pay for whatcvcr is necessary to protect the value of the Property aad Lender's�•ights in the Property.Lender's actioas may
<br /> iacludc paying any sums sccurcd by a licn which h•rs priority ovcr this Sccurity Iastrumcnt,appc:ariag in court, payiag
<br /> reusonablealtorneys'[ecs�nd cntcring on thc?roperty to make repairs.Although Lender may take action under this paragraph
<br /> 7,L.eadcr dcxs uot havc to do su.
<br /> Any amounts disburscd by Lcndcr undcr this paragraph 7 shap bccomc additional debt of Borrowcr sccwed by this
<br /> ticcurity Instrumcnt.Unless Borrowcr•rnd Lcnder agrec to uthcr tcrms of paymcnt,thcsc amounts shall be:ar interest from thc
<br /> date of disbursement at the Notc ratc and shull tx: payable, with intcrest,upun nutice from Lcnder to Borrower requesting
<br /> payment.
<br /> � S. Mortgs►ge Insurs►nce.lf Lender requiredmortgagc insurance as•r conditinn of making thc loan securedby this Security
<br /> Instrument,Bunowcr shall pay thc prcmiums rcyuircJ to maintain thc martgagc insur:u�cc:in cffcct. If, for any rcasun,the
<br /> mortgagc insurance coverage reyuircdby I.cnder Irpser u�ceaxti t�i hc in ctfect,Borrower shall pay the premiumsrequiredto
<br /> ohtain eover•rge substantially cyuivalent to thc mortgage in�ur•rnce;prcvii�u�ly in effect,at a cotit Substantially equivalent to the
<br /> '. cost to Borrowcr uf thc mortgagc insur•rncc prcviouxly in cffcct, Gom an al[crnatc mortgagc insurcr appruvcd by Lcndcr.If
<br /> ' p suhstantially equivalcnt mortgagc insurancr covcragc i�not availablc, Burrowcr shall pay ta Lcndcr cach munth a sum cyual to
<br /> I onc-twclfth of the ycarly mortgagc insurancc prcmium bring paid by B��rrowcr whcn thc insurancc c���cragc laps�d or ccascdto
<br /> �. , I bc in cffcct.Lcndcrwill acccpt,usc and retsinthcsc paymcnttias a luti� rescrvc in licu of murtgagc insurancc. Loss rescrvc
<br /> Form 302� I90
<br /> � I �A 6RlNE!�9s�s� Pp�3 ot• ImuY�
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