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<br /> • . �, �s. ��M' ��L'!. BOROMG!S�� �i$E 1fIQ[OYQIICaS IIDW.CJt15[1Dg Of Il�il�RC[�QA tbC � -
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<br /> ��►��(OiS�biG,�11Tatd4111C111�ibti��D 1�1C fE(Iil�t7I[G�f�l'OYt[IIgC��8Il)I O�Gf�S.IOC�YdlUj
<br /> floods or,floadins.fa which l�ader iequires i�araace.'ihis i�ursu�oe st�all Ae inaintained 7n the a�ncs and for ttic periods -
<br /> . jh�t Leader�equires.'!Ue ia�tao�c�prtier ptovidiag the iawrruioe s6ai16e chosen 6y Bqrmwcr subjoct to Lende�=s=s�ppraval .
<br /> , �fiich sh�ll�not be unrtasooa6ly withhetd. If Barn�wer fails`to,mair�tun cov�nge descn'bed above. [.end�r may.at l.p�der's
<br /> �n a000rdarree with 7. `
<br /> . , aption,u6taA eoven�ge to p�atect Lender's rights in the Pmpe�ty� P�S� �
<br /> AIl insuraaoa policHes aod rra�vinls stnll be aceepta6le to Y.ender and slnll iaclude a standa�d motSgage clai�se. Lrende�
<br /> - t�st!hiv�the sigdt w hold the�olisies�nd reeewals.If l.ender roquires.Bo[ro�yer sUall pmmptly givc to Lender all receipts.of `.,- ---
<br /> .P�P�umt aod renewal aotices.In the eveot of'toss.�orrow�r shall'give pr�nnspt nctioe to the j�nsurancr rarrier and t.�ndet.`� `
<br /> Is�rter�y m�ke pmoPof loss if not m�de prontptly by Bocrowec _ ,
<br /> Uutas Lendet aad Bo�rower otlnrwise agt�e in writing,uisuru�ce pc�ceeds shali be applied to restoration or repair of the _
<br /> • �opaty datp�ed.if the restor�siae or�psit is ecummiAlty feasible and Lender's security is not lesseaed.If the restoiatioa or -
<br /> �ir is aot eooeomicz�IIy feu�'ble or l,rader's security waild be tessened,ttie insuraace praceeds sha11 be apptied to t6e sums
<br /> �eat�by this Savrity Insuumau, whaixr or not then due,witli any eac�ss paid to Sorrower. Jf Borrower a6andons dje _-
<br /> pnnpaty,or daes mt wswer within 3Q days a tiotice fran l.eader that the insutance carrier 6as offered ta settle a ctaim,then —
<br /> • �I.snder may colkct tLe insar�cx proceods. Lander may usc the proceeds to repair or restore the Property ar to,.PaY sums -
<br /> aecated by.tdis S�uity Iratrament,whether at not then dac.The 3Q-day Qeriad ve�71 I�egin wtien ii�e natice is give� - -
<br /> - Uatss.[,eader and Boirower othecwise ag�oe in wri6ng, aay applic�tion of pr�ceeds to principal shall not extenc!ar --
<br /> postpoae tUe dne dxe af the monthly pry'mrnts�eferred to in par�grapAs fi and Z or change the amount of the paymeats. if _-�'---
<br /> - under puagnph 21�the Property is xquued by Lender,Borrower's right us aaq insurance policies az�d proc�s resutcin8 frnrtF �_��_
<br /> - d�e w d�e P[+npetty prior to the acqaisi[ion shall pass co Leader to the extent of tl�e sums secared t�tfis Securit�#�.�rument � �:�£."'t`
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<br /> - �medi�W9 Briut to tlie aoquisipon. : . . . „ ,:'•:" ` �_..ac._-=
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<br /> . . � 6.Oa�oc9,Pt+aavstion,Mai�teoa�ce aad Pratecti�oa of tbe Pteprriy,Borio�cr's��aa�a App1'�tiun:Le�6olds• . . ���=�
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<br /> � - Borcower slwU oeeupy.establish,and use tbe Ft�npe�ty as Bocrower's principal residence Withi3 si����a$er the eaecution of � �y;,�-_
<br /> �-"' ihis Savrity tamnment and shalt cantinae.to accvpy tlie Peop,erty as Bortower's rinci �sde�f�.at lc�st one ear after �-
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<br /> - • d�e d�te of oxup�ncy,untess i�endee otherwise agrees in wci�g,whicb cansent sball nut ix.c�rea.�orrebly withheld,os unless ..�.�:,:::_
<br /> - - exte�wting cimc.vmswnce9 eacist which ue 6eyond Bocmae�s wntml, Botrower shail s�.,c�estiuy, damage or impair the �4��z,;°�.
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<br /> ` presperty, allow the Propecty to deteriorate,ar cammit waste on the Borrower �be.in defauIt if any forfeiture �.:-��?�. 1`='.�•:.
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<br /> � ;�: nction or praceedin�,Whahei civil or criminal. is begun that in Leader's good faith judgrtxnt could result in foFfeiture of the • � .�,.��::i=
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<br /> Froperty or aherwise materiaify impair the ficn created by this Secvrity InstrumeAt ar I.ender s security interest.Bortower may -:. +,:�:;};c�:__
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<br /> cune�acb a default and reinstute.a.provided in paragraph 18,by causing the action ar proceeding to be dismissed with a ruling - ���a�.�
<br /> thaC,e�Lender's goad faith de�emnnation, recludes forfeiinre of the Barrower's interest in the.Praperty or other material �''�"�'J
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<br /> �� t of the lien cn�tod b this Security Insuument or Lendcr's security intcr�st. Borrowcr shall atso be in default if ��e`�
<br /> Bo�daring the toan applicatian prooess,gave materially fatse or inaccucate infortnation or statements to l.ender(ar failed �����-
<br /> X. to provide Lender with any material information)in connection with the laan evidenced by the Nate,including,but not limited ��-
<br /> �y--: to.�present�tions concen►ing Boaower's c�ocupancy of the Propetty as a principal residence.If this Securit Instrument is on a •=•:-'-"`'"�'`�
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<br /> leasehold, Borrower shall camply with all the provisions of thc teasc. If Borrower acquires fee titte to the Property. thc ���"=3=��'"-...
<br /> leasehold and thc fee title shali�ot mcrge unless l.ender agrees to thc mcrger in writing. • _ _
<br /> . . 7.protedion ot Lender's Itig6ts in t4e Property.If Borrawer fails to perform the covenants and agreements contained in .:,_ ,; _
<br /> �}'` �; this Security Instrument. or there is a legal proceeding ihat may signif cantfy affc�t Lender's rights in the Property(such as a „
<br /> � �'��._ procoeding in bankruptcy.prabate.fot condemnation ar forfeiturc or to enforce laws or regulations).then L.endcr may do and •�
<br /> _� � pay for whatever is necessary eo protcct the value af the Property and Lcndcr's rights in ihe Property. Lender s actians may .
<br /> ' inclade paying any sums secured by a lien which has priohty aver this Security Instrument. appearing in court. paying ' ,"�'��;
<br /> �'� , reasor�ble attomeys'fees and entering on the Property to make rcpairs.Although Lcndcr may take�ctian undcr this paragraph • �
<br /> �'�`; '.�-` - 7,Lender does not have ta do so.
<br /> .'' ��'' Any amounts disbursed by Lcndcr u cr this paragraph 7 sball hecomc additional debt of Borrowcr securcd by this � . ' ,
<br /> •..� "�• � Sec�rity Instrument. Unless Borrowcr and �der agrce to other tcrms of payment.these amouats shall bcar interest fram the C _
<br />_ .;,�'.�,s: r' date of disbursert�cnt a1 thc Note rate and shaU bc payabte. with interest. upon naticc from l.endcr to Borrower rcquesting � ,. -
<br /> .. payment. � • _
<br /> 8.Matgage inStu'smce.lf Lender requfs�,i mortgage insurancc as a conditian af making tl�c loan uxured by this Security
<br /> • ' ` lnstsument.Boaower shail pay the prcmiur.:s:equirtd to maintain the martgage insurance in effcct. if, fot�any reasan, the 1� • . _
<br /> • ''` m�rtgage insurance eoverage required by Lender lapses or ck„z.wes to be in effecK.Borro:c-��r shaU pay�he premiums requlred to } -,
<br /> �°' � � ob*°,ain coverage substantially equivatent to the moctgage ins�ra.ce prcviou�ly in effec�.G�a cnst substantially equivalem to the � '
<br /> ;.�, ..��" cosi to Bormwcr of'the mortgage insurance prcviausly in effect, fmm an altcmate r.ro�Dage insurcr approvcd by I.endcr. It ' ,`
<br /> -��".�`�� scbstantially equivalent mortgage insurance coverage is not available.Bo:r�:vcr tihatl pay to l.cnder each manth a sum eyual to � �
<br /> '�`i� '"3`g`' �•� a:re•twelfth of the ycarly mortgagc insurancc premium bcin�paid by�n�:�:vcr whcn thc in�urancc coti�-ragc lapscd or reaved ta � , - �
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<br /> • --;, be in cffect.Lender wiU arrept.usc and retain ihcsc payrter.t;as a tacs rescrvc in li� of mnrtgagc insurance. Loss rescrve � '',�+; �
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