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<br /> _ �.peaiods thas�et.�aluifes. 'd'�a.ki�a�oe'�rcies pa�v(sif�g tt�insa�au�tc�.sha3I 6e bhosen by Borravr�_sub,}ect��:enc��:'..;, , °
<br /> - - -� .. . appte�vai wh�,g&afl zis►t t���alslp wI�ts�. tf�3drro�arer Eaijs�p ra�Intain coverage.d�scci�d Kt�ve.Leadtt may:at , • _
<br /> � ' � Lender�o�tio�,o8tain cavera e to pr�rttect t.ersder�righi�in the Pra �asc�tan�w6th p,arsB�P��• ' ' .
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<br /> -- . Atl ins`�ai�po�icies an A�+enews�Is shn11 be�aaxp�le,to,�e r�a aQ s9a1t in��uda��andand�ttgage cta� �.endsr � .
<br /> -- ---------- . s1i�1!fiave ths ri�tb hold the�1£c[gs sn��rnawels. �P Lest�r re�uines.�amawer.shail P��Y dve t+�terrder aII srecetpts •�
<br /> _—_-_— ,. af paid�ffiiums and cenewa!�ances:`,�n tha�evcnt af loss,�atso�ror s�iaDl give�piomps ngi�e to the inc,m+^.cs�er and , ' ' ,
<br /> -- = -:
<br /> v ; ,Lende� Lender aso}�m�pmof af Ioss if not�de pmmpfly by�orrotiver. . , .
<br /> .- ._ - „ ,.. t7n�t�s_L�n�r��umowei c�theiwise ngree irt`writIng,.�asuru�co pr+oceeds shati.�e app}�ed to restoration ar repair oY > '. _ _ ._ _ _ .
<br /> * the Ftaperty da�n�gesl,if tki restomtion or repaLF is ecas�omi�aity feasible aad i.ender'�securiry is aot iessened. If th�
<br /> - ' ceswiation or ceg�ir is aat econamitx�lty feasi�Ie oi,Le�ris secueity would 6e�ssened.th$ins�uauce pr�eeda shall�be�
<br /> _..,`,• ,appHed tQ the'stu�s sea,u�b}r d�Is'Sec�it�Insonunent,wlaet&er oz.aot W�due:with�y eacess paid w Barmw�r. If
<br />--.,;;.:�' Bmrower abruidvns tfte�roperty,os dues_aot�nswer v�ithin 30 daycs a aance fmm Iander tl�t t�e iasuraace c�rrier has
<br />=��-.�' offe�!m seWa a cIaim,tI�Leader m�y col�ect We insutrance ptaceedg, l.e�cder may use the pmceeds to re��air or restore
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<br />'=�. tlie�ce��ven.�ay sums seeated by ttds Secutity lnstrument.whet�er os not thea d¢e. �e 34day periad�will begin whea.
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<br /> - Un2ess Lender and�}3aa�awer uthenvise agr�ee In wcising,any ap�lication of proceeds w principai sha�not exten�ar
<br />;:#�;_. ' "= Pastpone the dua da*e af the monthi
<br /> �`'�'." •'� ,��. F Payments iefereed to in P�s�aF�s l and 2 or cf�ange the amouut of the p ents. If� -
<br /> S wnsler parag�aph 2l.the Praperty is arqui�A by Lende�Borrov�ere rig�t w any iasurance policies and pm �s resultiag.
<br />- � fmm damage.to tTze Property�prior tv tlte acaquisitioa shall pass to I.ender to the ea�ent of the sums secw�ed by t6is 5ecurity -
<br />- -- ' Iasuume.�t immediate�tY Prear to the acqaisition. . � �
<br /> 6. Oevipaacy, Preservalioa, Mai�tenaace anQ Pmtedion of the Property; Bo�sower's Loan.App4aatton;
<br /> �F,�s`�°';:-. �:;:-:.. � . d.easehoids. Botrower s6all accupy.establist►,and ase the Ptaperty as Bo�sower�s principal residence witbin sixry=days after , =:'--=:�..�
<br /> •�'�:�.^;�;�-'.:` the execudon af this Security�Iastrument and shall oontinne m accupy.�Pmperty as 8oaower`s prirccipal residence for at -- -
<br /> .a.7.,�:.,�
<br />_ , ��-!-:��:' :C�st one yeai after the date of occapas�cy, un2ess Lendcr ai�envise �gees in writing. which cansent shall nat be ' --=---
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<br />-� ._.,,s��. ..,., `��•�'`'��sasanabfy_withhetd�or un2ess extenuaun�circgmstances exist.wtqghare beyond Borrawer!s contml_.8orrawer shall.not:,,,-.--.-.--.-
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<br /> ...,�, `�;c��oY,dainage ar unpair t�ie propeity,allow ttie Ptvperty to deteriar,�te,or co2nmit waste on the Pmperty. BoriQwer shal! -
<br />- � � zt;�::{ •::�: � � be in defautt if any forfeit�ue.action ar pmceeding,whether civil ai c,riminal,is 6egun that in I.ender�s gaad faith judgment� �"-�—_- -
<br />- +�"�,,�_. _-:_---
<br /> '; .�;; coWd result in forfeitute of�the�Aoperty or vtDerivise materiallp I�pair the lien created by this 5ecurity Instrument or' . . ..-,---±,
<br /> '�,�.;,y;'S ;','•`;:',.. Lender's sec�uity intezest. Botmwer may c�e such.a defaalt and ceit�G3te.as pravided�paragraph 18,[ry causing the actian �,��,_
<br /> -�� '� ' or ' to be dismissed�vith a nilin tttat,in�l.ender�s oad:tm'H�rdete�mination, recludes forfeiw:e of the Banower3 � ���'"
<br /> ,. ...... _ .P�� - S $ P �;�,-��
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<br /> . c,. <<: .•i.��.,. -::.; mter�st in�e ProPe*tY or other materiai iinpairrttcnt o�-the lieai:�atea 6y this Secittity instiuriienCor I.ender�s seciu'!ty • a_�..�,_•_°-----,�,�-„�--�---
<br />_ •'?= .• ' interes�' Borrower st�all also be in defaWt if Bamower. d�ui�;�-.t,frie loaa applicarion pmcesg. gave maicrially.fatse or F�----=-
<br /> �:.�. . �'�snaccorate h�fma►atian or statements to l.ender(or fa�3 w provide�:euder with any material infom�ation)in emmection with '�-'�:•�:�
<br /> • ��~ °. °";;.i�e loaa evsdence8 by the Note.including, but not limited W.,',_ aons conceming Borrower's occuparicy of the �� �!��;�, '�
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<br /> `. , '" '.';;',�3 `'%?.-�:.:.�+upeit�r ai���rincipal residence. If this 5ecur'►ty Inswment is ot�'a..�.sehotd,Bormwer shaU cornply with all the pmvisions:.:,. - •%°�
<br /> . ` r �^' of tlie I Bormwer a ues fee tltte.to the Pro the essy�irqt n "' . �'f
<br /> y ii.:.,, ,. , ; e�;;� c q u' p e r ty. I dand the fee title shall otmer ge untess Lender a g re e s;;:,._. � �:;�r;.
<br /> . � •t�:;r,'�:r<, , �;:��,tothe���writing. • � - `5�.�'_�
<br /> . . t�t:i�:,::.is:;r:j.;�'.,,%,r: :� 7. 'b��CS�tYon af ,�'t�tder's Rigdts in the Property. If�oirb�ver fails m,perfonn the covenants and agreement�< ;;;�sr�:�,�:'
<br /> f��A''' , .,"•��+5 this Secuii .instrument,or ther+e is a!e o that ma cantl affect Lender's ri w in the • - r�e..r,��-�*. •
<br /> i , �taineil'�� tY"' �P��b Y•���. Y P� . �,; .:
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<br /> �,��:�;l�' '°#k � ':�PertY��t�;as a proceedi�ag in baNauptcy.Probate,for wnde 'mn�tu3n or forfeiwi�:or to enfarc�laws or regulations).then.`'"'-: ��,��- �;'
<br /> ,,.�:. �.•;:1 Leniier rai;��.'�n and pay for whatever is nece�sary to pmtect fhe v�Ji��;uf the Property and L;c�iJ�sls rights in the A+operty+:� ' ;���•.•�.'•.��
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<br /> ' � Lender's a�.'arsns may include paying any sums secured by a lien�u6a�:L•as ori over this S Instrumen a � '
<br /> , � ty �T1;Ij� ts ppeSil[Ig : S ;,.`,r`S'},' i:�
<br /> '.,, ;• � in wurt,paying reasonable attoraeys'fees and entering on the Pc��y to malce repairs.Althongh Le�►der may take action °r�";�',;.,t�;�j�r '
<br /> • _• �`� under this paragraph�.Lendet does not have tu do so. �}",�i S',.<t�;,:
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<br /> '-. � •. My amounts dis6ursed by Lender under this paragraph 7 shall become additional debt of Bormwer secured by this ��;�l�::;��F "r
<br /> • '. Security Instrumeru. Uniess Borrower and Len�er agree to other tem�s_of paymen�these amounts shall bear intetest from the �; ��,'.,�',':;;`���,,`_a,� '�
<br /> � . . t���• datc of d'uawsement at ttce Note rate and shall be payable,with idi�.i�st,apon notice from l.ender to Borrower requesting +.:.t:,,,+•:�<:_:•.,<" ���
<br /> .. , paymen�. � �e: . :� �_(y_-��-.-_
<br />- 8. Mo rt g a ge Iasvrance. If l.ender r e quired mort g a g e insurance as a condition of makin g the toan secured by this ��>�s'� - ��-
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<br /> . t� ".`�•, � Securi Instiument,Botrower shall a 1he ,� • .�'�� ;;��'• ' -
<br /> , • ry p y premiums,required to maintain the fnongage insurance in effect,. If.for any ,i��S��•, _
<br /> ' ;.;��� � ceason, the mortgage irew�nce coverage required by t�:nder lapses or eeases:t�.�be in effect. Borrower st;aU pay the �������,� --- �
<br /> If
<br /> ,: y !; " �° �� icmiums uued to oEtiF;n covera e substandall �i�ra1ent to the mort if,�urance reviousl in effect. at a wst ���' �• L� �'�
<br /> P �1 � S Y�{! ��.,' P Y �
<br /> , �.� `�° � substazttially equivalent to the cost to Borrower of the iifottgage insurance previausly in effecE_from an altemate mortgage ' � �`��+�'•�
<br /> • ' . insurer approved by i.ender. If substantially equivalent mortgage insurance coverage is not avaiiable.Borrower shall pay to ' �:•,.',�k����ir_
<br />_ . . � Lender each month a sum equal to ane-twelftb of the yearty mortgage insurance premium being paid by Borrower when the ,'•;:�``���;'`t:`:��.
<br /> . . �.,.
<br /> - �•- r� � insurance wverage lapsed or ceased to tre in effect. LectQer will accept,use and retain these payments as a loss raerve in lieu '` �s`;';.,: �''•,:. °-:
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<br /> "�� _`;���'K£'(.�,.: •_ . _. of mortgage insurance. Lass reserve paymen4s may n��•'.onger be required,at the option of Lender.if morcgage insurance � ;� ,• ••: , •��.�s+,•:•;:
<br /> � •� �• : coverage(in the amaunt and for the period that Lender:equires)provided by an insurer approved by Lender aguin 6ecomes •�••' �� . ,
<br />;�` �� '`����n' availa6le;�r,�is obtained.Borrower shall pay the premiums required to maintain mortgage i�surance in effecb or to provide a �'',:+;;'�.�;� ,
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<br />- `, `�.U;;I��a � � (oss resen.��ntil the requirement for mortgage insurance ends in accordance with a�ry written agreement between Borrower . ' •�i�,•s;?�;;` .
<br /> �. .�c• .:, �;::rr�+�a,>r:� 8ree ��:....... ,
<br /> `.'.�;�s�M,�`•``'`..;;�,�ii�'�+�`;}y anJ Lender or applicable law. ',,. ;`.''� ��°..�- .
<br /> � �;'3���y�'�S• .• z���='; 9. Inspectloa. Lender or its agent may make reasonuble entries upon and inspections of the Property. Lender shall ��r.li: _ , "
<br /> �,��+r,,+�C�;;;�t':;��;�i�;=��•., • �ve Borrower norice at the time of or nor to an ins tion s ecif in reasonable crxiise for the in. ction. ��`:!"..` ' � ` `� �
<br /> yj��='��;?x:+� • ai'•�'E';t�' • 10 ConQemnation. The pr+oce ds of any aw d or cla�m foi damages,di�:t,or consequenlP�a�,in connection with any �i�; � � '
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