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<br /> • pC(tOdS tli�t�.ltldGt tCQU1R3. �I�1C jt4Wt�[�.'CaR10i QNYIaI�$:tlfC lI15W�f10�STIiII 6C CIlOSC�b}t BOILOWGf SY�1lCd LO E+C'�CffS - '
<br /> � ap�pooval which slni!noe bt ua�uansblY wi�6eld. If Bon�ov►et fa�7s to maint�in coversgc descn'bed above.[.ender enay.st
<br /> . . i,ender's optioo.obuun caverage to protect l.a�fer�s tights in the Pmperty in acca�dmce with po�agrsph?. _.
<br /> Ait ias�u�ce poItcxs atM tmew�als si�all 6t acctpG�ble to l.ender and ahall include as�daid mn�tgage Ciwse. Leoder
<br /> . shatl have tbe right to 6old the policies ard�e�va}s.:if Lender cequires.Boimwer sha8 P�P�Y B�e to Lendor aU iooeipGs -
<br /> of paW premiums�ad ieoewai noaces. I�n t�e evrnt of toss,Sarowa shaA give prompt�otice to the inwrana c�trier sud
<br /> --- • 1.rnder Lrnder may m�ice pmof of loss if not made p�omptly by Bo�rowei
<br /> • Unkss LeiWes�d Boavwer otl�wis�agRe in writing.insurance prucads shal!be applied to�estoratian ar repair of
<br /> __ . = tbe P�pe1tY da�d+if the testoraliai or t�epair is eoa+�omicaliy#easiblc and l.eade:'s security is not tessened. If the
<br /> - _ , restoratioe or repair is aat ecanomicalfy fcasibk or l.endet�sea�ityr would 5e fessctiecl.ttie iasnrance�st�s!!be- �=
<br /> appleed ta the suias smcvned byr this Sxuriry Instsumen4 whether or aa t1�en due.witt�aay excess paid to Bamwer.. If
<br /> - Bormwer abandons the Ptoperty.or does noc aaswer within 30 days a notice fiam Lender that the insurdnce carrier has
<br /> offeced to stttfe a claim,thert Lender may coilect the in�uance pcoceods. Lender may use the pmceeds to repair a restone
<br /> the Propeny or to pay sums sawna by tLis seau;cy Insuwnent,wnether or n«tl�en d�e. 7lie 3o-aay�eerina wul6egin wt�►
<br /> the notice is g'►ven. . .
<br /> Unless Lender and go�swer othe�wis�agrce in wrmng,aulr.app�caaon of pmceeds to principal shatt not extend or
<br /> postpone the due date of tt�e.manthlY payments refemed to iq paragiap[�s"€and Z ar cl�ange the anwunt of�he payrtxncs. [f
<br /> - under paragraph 21 ttte Ptapeaty is acquined by t.eider.Sonowu's rigiu to ang ins�ance.policies and.ptoceeds resulhng �i — -
<br />� fmm dam�tge to the Ptope�y piior to the acqaisition shalt pats ta Lende�'to the e�tent of the sums secuced by,tdis Socnrity _
<br /> - - Ittsuumrnt immediately prior m the acquisitioo. � --_
<br /> � 6. Oocapaacy. Yresesv�tion, Maintenance add Proted'wo ot tde Property: Ba�m�wa�'s L�n Ap�Catioo:
<br /> 3 ''�� ,� �.�,tsase6oids. Borrower shall occupy.establish,and use ehe-PropeRy as Bortower's prna�,�ipal r+esidence within six[�days aftsr �---_�-
<br /> .
<br /> . .. .. . - - for at . -—-
<br /> • . . .. . azBotrowets r�idence ---
<br />, ,;,�3'ie eaecutiva of this Savcuc Insuument and shall�to occupy the Property pnnc.�Fa1
<br />- _:•'�� one year after the �e of occupancy. nnless-�er otherwise agnees in writing, which consen[ s�} not be ' __-
<br /> . �'��`, atueavonably withhetd.or mfless extenuazing cu�cumstances exist wtuch are beyosu�Borrower's control. Borma-er shall nat --
<br />� destmY,ciamp8e or impair tf�Property.altow the Pmpercy to deteci�aae.or commit waste on the Pmperty. Bonower shali —
<br /> -�. be in defaWt if any forfeit�action a proceedi�tg.whethet civi!c'+���al.is begu►that iit,Lender's good faitti judgme�t ------
<br /> sould c�esutt.in forfeique",�1he Property or otherwise materiall�:.:ii�,�the L,;en�eated by this 5eruriry Iasttumrnt ar � �--.==:
<br /> �; :`:; Lender's securicy interesc. �trower may cure such a defauit and�s�.:as p�u3fa..{in patagrapb I8.bY causuogihe attion �`;
<br /> F " �a�F �.
<br />-. - " oi pmceec�ing to be dism�with a m�ing tha�in Lender's gaoci Fa�determinar�r•,,;.precludes forfeitare o�ths Hoczuwer�s �'T'<-.::_;.. _
<br /> - s``� ', interest in the I'roperty orother material impaimient of the liea cs�Yed by this Seeurity Tnn�aient or L.eadei's security ,�. -
<br /> ^• ��,`�'.� inten�st. Borrower shall also be in de�ault if Hormwer, during:}'e tban application prace�,;�ave materially false or � ' ' -<�
<br /> �-:�:� inaccurata infortnadon or statements to L'eader(or faited ta provide Leader witfi stny materiat ir��?x'3tiiun)in cannection with :':�f"=+f::;,.
<br /> . � ,�. �._, . ? , -;,�,P�ri,,_T�_
<br /> ', ��.._�1�;���. :.``.ahe loan evidenced by the Nate. inctuding.but aet�"�?.�ied to. r�presentations conceming B�.-�ers occu�cy of the _• . ,--
<br /> ' f � '�'-.��, _ : 'gtoperty ac a princiQal msidenee. If this Securiry In��t is on a le�se h o t d Barrower s h a l l coinp ly wi t h s i���srovisions �:�., �``.'"�__
<br />" ^ �''S ���'of the lease. If Borrower acquims fee titie to the Yropec�y:the IeasehoW aad the f.c e�3s shall not;�e:ge un2e.�fi�a��er agre�es `'�;;::�;;.
<br />:�t':��.,: � ,�� s . to the merger in writing �, .: � .: ` . •:` . , ..• `.• '. ,.��r`
<br />? `-: '� � 7. Protedian ot Leade�'s Rig6t4 ia tLe I�'ropertY• If Bow��:r fa�"Ss co perfoan t1:s:::ti:�,ants and agreeme� ..r'�` _;-— -
<br />�.,�,,;. ,• , containad in this Securiry Insaument,or there is a legal praceedii�r t�at.may s��iiica�tiy a!��t Lender's cights in the � r'�'�'
<br /> : �;. (, :. ad ��,t, �:.
<br />..P:( Fi .i. ::. �1=i°� .
<br /> . 7�r •�- =. � Praperty(such as a proce�3-¢�in bankn�ptcy.probate.for condemaation ar forfri::.,:�ar to enfa�taws ar reguta�:ons>.then ��.:,�,�:.' '-�,—,—_.
<br /> `• �'��``'�' I.ender ma do and a �c��whatever is necessa to roEeci the vatue of the � and Lertder's ri ts in the '''r•�`" �::�"—'
<br /> ,. �F,s,-�rr�'�: ... Y P Y . �Y P �e��i+ Sh PtuPettY• 1':.,+%�:�� ---.
<br /> "L�.��:.� Lender�s actions may incSud'e paying any sums secured by a lien which ha��priorit;;�•::er this Securiry Instrumen�appearing ,.�s�s;�.. ,�;,�ro__
<br /> �' ��`,..,�.. . � �;� �. •.
<br /> ' �i��`. +� �� " in court.paying re�onable attomeys fees and enterins on the Property to make repairs.Althougl►l.ender may take action �. ;.:J��;F.-;
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<br /> �-�-�b"-�f under this paragrapb 7,l.ender does nat�ave to do so. � • ��€�4'•� :
<br /> .",�'n . . .� Any amounts disbursed by Lende�anQer this paragtaph ?shap became addit�onal debt of Borrower secured by this `�'Y��•,
<br /> � ':�*`�:��;�.�. � Security Insnument. Unkss BorroW er and l.cnder ag�e to other terms of paymen�these amaunts shaU bear interest from the - .
<br /> � :�., ._..
<br /> ' <,--
<br /> � '•"'�` date of disbursement at tfie Note rate and shall be��atste.with intcrest,upon notice from i.ender eo Borrawes mqe�esting "�<�. . x�=
<br /> . � . ' payment. ...:.' � �`�, ' - _
<br />�.;,,: :- :��� 8. Matgnge In.wrnaee. If Lender reguired'raurtnYage insurance ac a condition of making the loan secs::d hy this _ . _ f __ -_
<br /> - �^�..�;�;' .� Securiry Instrumen� Bortower shall pay the premiums required:T�c,�aintain�he mongage insurance in effect. I�for azy �` ,M
<br /> �'��c`'� ceason. the mangage insurance coverage required by Lender ta�:zs or ccases to be in eifect. Borrower shall pay f f�e � `` n '�L _-
<br /> �:.,�, • '"��;,.;�. rcmiums uired to ots�ain covera c substantiall �sivaicnt to the matigage insurance revioavl in eifeci,at a cost . ���.;°`'• . `�`'
<br /> .. .;f•,�•...- P �! S 7�� P Y � �• �*.-
<br /> � 3•�==•;_� subsiantinlly equivalent t¢the wst to 8arrower of ttze s�ortgage insurance previou5ty in effec�from an altemate mortgage f`�;;r> ,. ' •���=Y
<br /> t� �'� i n s u r e r a y Y 4 8 P Y �i;��� ' •
<br /> .,.;,'�i•'_:;,.;� p p ro v e d b L e n d e r. l i s u b s t a n t i a l l e u i v a:�n T m o r t g a g e i n s u r a n c e c ov e r a e is na t uvail able.$orrower shall a to • ��'�'.�'
<br /> • .�-r` � Lender each month a sum equal ta aaea:a��Ifth oi the yearly martgage insurance pmmium bcing�aid by Borrower when the .: "'��
<br /> ' •� '"-.:�� 's' "• insurance coverage lapsed or eea5ed t���°:cffect. l.ender wiU accepl.use�nd retain these pa����s as a toss reserve in IIeu �' '='_=�`
<br /> �'�=.'��:�� of martgage insurance. l.asc teserve pxyment.r may no longer bc required,at the aption af!:c^�i�;:r.if mortgege insurance � `;n 1,y��
<br /> .�;-ti:•:�__�:. ... .. �v`'�
<br /> coverage tin the amuun�and for ihe pericxl ihat l.ender requires►pravidcd by an imurcr approved by Lender�ain betomes � ::�:, . • �. •
<br /> •;-:��4"t� • available and is obtained.Borrower tihall pay the premiumc required ta maintam mortgage insurance in effecc.mc e�Qravide a • � i;i:i:, .. . �
<br /> � ,�.�`=��' -t; loss reserve,undl the requirement fot martgage iaruranee ends in accordance with any wdtten agreement bec*F�a�a Sarrawer _ �'���'�` '. •
<br /> ` '. and lxnder ar applicable law. �
<br /> . � � � 9 IcrspecNon. Lcnder or its agent may makc rcasanablc entries up�m and inspcctions of i:�e Praperty. Lender s3�a�3 �
<br /> ' � :�. � • . , • give Borrower notice at the time of or prior to an in�peclian tipccifyin�rea.tionabic ca�.�se fur the inspection. ! •
<br /> 10. Condemnatioa The proceeds of uny award or claim for damager,dire:a�r c�n�eyuential.in conneccion wiih�ny i ..
<br /> ..,�... . �:,�`.'�,
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