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<br /> . S. ��d.or �erd� Ycc��ce, �3o�w��sE�I k� ¢t�� i�r�..� ra:a e..i�ti� . i� ` , � .
<br /> s� s�`:+e;�rbc�ed t�t�ic
<br /> ` Fra�cr�,y�iz�s�rc$� �nst tosg by fi�ca.t��,z.rsfs inc3�si.."tl urith�n tB�tr_�►i'cxs�t��v�r�c'�ncf�!y�3��ztr�,s-,°fs�:�ud�i� ' ���'� �
<br /> " ftaosis os ft�oding.€atahi.^i��ndes require�iasuran�.-'f�is.ins�rir�s8�l�maiatbial�ue eha s�un�.s�`fefS3!��t' ..
<br /> � . 't�aat�,ender r��:ires.'fha,9nsur��azc.�c�arier psarid:ag thc ia�lr�ucc s�ail�chosen by$o�cu�}�fi.sub�ect Yo i>cnder'�ep�ro�S , `
<br /> - �wtii�shall t�t be unrea�as�jIy�etIiBei�.'It'Bo�ro�er laIts x�tu�int.lin`cover��c�cssri'bcd al�ov�.'Lc�eay.�t-L[�� F°t� -. _ -_-`—_---"
<br /> , n�tio,-�.oDtala cuz�ciage ta p�trct Lende�'s ri�ts in f��Pr�p�rty ia,�nian�a�i'th pa�agrap,9�. ' � . ' �
<br /> . - .�ll i�suru�s�e,golisi�und ren�wais s�ai1��:csepta�ic to�3�rtdeT uad sh�i!inct¢do n staadaid martgag�r.clause.�I.tnd�r
<br /> � sh,�tt haca the agfit to kaid tfi_palicies and renewals, iP.�.ender¢+�uires.Bflrrower st�alt prompUy giv�to�Lendez a11 rc.�ceipts of
<br /> . �ai�premiums raid reaewai Qot�ces.In the.event of toss.6orro�ves s�a!!give pramgt rmtice to she iusw�rcce��rigr..�d LerKler. � �
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<br /> "_�.m:�ma.�p�f ng tos�if a���pro�i�3��y�rrowe�, . '—
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<br /> U4e�s i.encfe;und�oirac�e�athFrvrfse.a�ee iA writing.in�ce.pmce�ds,shaU'�apglIed w restorstion ar r�pzir af ti� . .
<br /> Progeity�aged.if the m.staqation or rcpair is�nnmical�y feasibl�an�Lcndar's s�uity is t�flt tesse�.�I€'th�restoiatia�t ot, •
<br /> repair is r,�t ci,roaomic�y fc�sibte or(.endcr's se�rity v�rautd be tessened.the insluance proceeds�ha116e applied ut the sums
<br /> secared 6y this 5ea�rit�Inswr�,nt. whet�er or not then due.with aay exo�-s paid to Bortower. I�Sarrower�batxions the �
<br /> Praperty,dr dq�aot answer�vithin 30 days a Qa�ce fmm I.ender that the ipsuraace tar�ior Gas offered to settle a cfaim,tFtea �
<br /> -. . -- -- -- -- ----___ . . _ . ,_ . ._� _ _
<br /> . -_--�nder may coliea t�t_;iasuiaase proceti�: �er may ase the procexds�o iepau oi restore tFe�Fe� o�Pay s�tms . —
<br /> � s�u2d by this Seauity Inst�v�nens,whether or not then due.'dY�e 30-day periad w�l6epn when the ao6ce is given. , , .
<br /> ' Unless Iendes'and Barroarer othcrwisa agree in vvriting* an3► agPlication af praceeds to principal.s�all r.ot e.�tmQ at
<br /> postparfe th�dne d:�e af the mropihly paymcros refersed to in paragraphs 1 and 2 or c�ange the amouut of t6e paysuentc. If
<br /> uader pa�a�raph 21 the Propeny is acquired ty L�tder:Borrower's riII6t to any,insaraace policiea aud proceads resuEting€r�m '
<br /> damage to ths Ftvperty prior to t�e acquisiti�shail pass tn[.ender to�e�nt of the sqms s�cured by this Security tastrumeat
<br /> �a[ejSt�flpr(p j�a�t�lticisirm
<br /> 6•Otaeupaacq,Prese�rata�Maintenance sind Ptaiect�nn oltE►e�perty;Borrower's f.o�n Applicatfon.Leasetwitts.; .
<br /> Bomoever shall occnpy;.est2blis�,and ase t�e�.'soPert3!as Eorrower's prinsipal resldence arithin sixty days after the execation nf .
<br /> , � t�is security r��em�a shaif�m oaupy the Pmpe►zy as$orc�v�ret's priacigai resiaer'rce cor at teast o�e yrar afr�r � -
<br /> the daie of uccugAacy,vnless Leader oth�trris°agrees in writiag,which Gonsent shall not be��n*��+nably arithheld.or�nless
<br /> extennating circa�msta�aczs exist which ar� beyand Bomnwer's cuntrvl. Borrower s6at1 nos destray, d�nage ar ipcpair the _
<br />. Hvperty,ultow the Property to deteriorate.�or commit waste on the Property. Borrower shall.6e in default if any f'axfeiture ��r=
<br /> ectiaa or proce�:ng, wh�her civil or cri�aal.is be�umthai in I.ender's good faith jndgmem�ooutQ resalt•in.forfeituse of the —�---_-_
<br /> Fraperty or atheswise materially impair the t�ea cre�ated by this Seearit}c Insuument or Lender's secv�ity intetest.Borruwer may - -
<br /> , cvre such a defa�ell�ud reinstate,as pravided"ut paragraph 18,by r�siag the action or prace�ling to fee dismissed with a ruling '
<br />..�. _—=�t`m"�;-:a=�x.—uiEs'��gai,��n:��auuiru;� u�i.uic#C.s� mi -c8€-2�-G�iuEC�„'�i$iiaeSt in i�iE-�;i�,...^�Cj�.,�'-v"�'aizr�t�l��- -
<br /> im�iraient.of the iien created by this Secarity Insaumeat ar Lender's security intecest. Borrower shall alsa be in default if
<br /> Hoaower,during ti�toan appfir�tion process,gave materially false or inaccuiate information or statements to Lee�der for.failed
<br /> to provide[.ender with airy maieriul information)in connection with the toan evidenced by ttie Nate.inclading.but nat limited --
<br /> w,.representarions conceming Bosrower's orc�ancy of the Property as a principal residence.If t�is Sc�urity Ins[rument is on a _ —
<br /> Ieasehold. Borrower shall compIy with�!E t{�e provisions of thc tease. If Borrower acquires fee title tu the Pmperty, the ����
<br /> , leasehold and the fea title sha11 nat raerge unless Lender a�rees to the merger in vuriting. �
<br /> 7.Proiectfon of Lendeta��ts•1ai ttte Ptogerty.If Eorrower faiis to perform the covenants and agr�ements c:ontained in
<br /> this Security Insuvment,or the�is a tegai proceeding tbat may significandy affect Lender's rights in the Propesty(such as a
<br /> �*roceeding in 6an&ruptcy.probate,for oo�d�xu�ation ar forfeitare or to cnfarce laws or ieg�llatiunst,.thert Leader may do and - —
<br /> , pay for whatever i� neoessary to protect tY�e�alae of the Property and I.�nder's rights in the Pro�y. Lxnder's actions may �-=--
<br /> inct�de paying airy sums secured by a lien which has grioriry over tivs Security In�trument, appeaziag in court, paying —�
<br /> m�o-aable attorneys'fees and e�tering on the Progerty m sr�ke repairs. Although L�r may take action unda ti;is paragraph. ------_- ---
<br /> 7.�.ender daes not have to do sa. � � � � -
<br /> • Any amoants disb�usrd by Lender aader this para�aph � shall 6ecame additianal debt of:Horrower secured by this
<br /> . ' , 5ecurity InsWmen� Unless Borrowe�a.nd Lenr2er agec to other terms of payment, these amounts�I�a11 bear interesf from the �,�,�—�-•'
<br /> � date of disbursement at the Hau:rate and shall be payable. with intesest. upon aotice from[,ender to Bonro�ver reques6n� � --
<br /> Pa3+ment. ' -
<br /> S.Mnrtgage Iasm�nce.If Lender required mortgage insutaitce as a condition of malcing the loan secured by this Secvrity �—:��---
<br /> Instrnmen� Borrower shall pay the premium,s required to maintain the mortgage insurance in effect. If. for any reason. the °°�"�"�""°"''�''
<br /> mortgage insuranca covetage required by Lender lapses o;cYases ro Iss in effect.Eorrower shall pay the premiums required to . ��T�
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<br /> obtain coverage substantially equivalent to the mortgage ict::urance previously in effert.at a cost sabsqntiully eqtaivalent to the - ",,�:':1::-• .:'�"•
<br /> cost to Borrower of the mortgage irtsuraace previously i�effect. from an altemate mortgage insurer approve,3 iiy Lender. if ' ,.�--`=t:':`:'-�;,
<br /> substamialt�equivalent mortgage insurance coverage is not available.Bonower shall pay to Lender each montI�a sum equal to �• •���%�`:����
<br /> lr�� �..,.,,;i
<br /> one-twelfth af ths yeariy mortgabe insurance premium being paid by Bnrrower wheR the insvrance caverage lapsed or ceased to .f„,�',�,,%,,;�'�;;;;.-��;;,��
<br /> ' be in effect.l,ender wi8 accept.use and retsun thess payments as a loss reserve in lieu oF mortgage insuiance. Loss reserve '�����'� 5�'"r��
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