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<br /> � Aortov✓cr shnll nlso bc in defeult if Borrowcr,during tha tonn npplir,ution �mcoss.Quve mntctinlly fnl.sc or innGCUmtc �
<br /> informadan or statcmcnts to Lcndcr(or f:ulccl to ppuvidc Lendcr with uny n�uU:riu! infcrmntian)in conncctlon�•rith Utc
<br /> loan cvidcnccd by thc Nocc. including, but not limitcd to. rcprescntatiUnn concccmin� T�orrowcr's occupsincy of the
<br /> �• - •�'�� Property os a principal resid�ncc. If this 3ecurlty Cnswmcn► is on n 1oao�ha�lct, Barrower shall comply with Ihn
<br /> � '�'� provfsiony of the le.�se. Jf Borrowc:acquires feo title to thc Propecty,the lea�°.hald und fee dtle shall not be merQetl �
<br /> ' unlcss Lcndcr agrees to thc merger in writing.
<br /> �� 6.Condemns�tbn.'Ihe proceecls of eny awaxd or cisim for ds�mmages.dirr.ct ar can�equentiul,in connecaon wiUi , _ ,�:.:-
<br /> any condemnadfln or other taking of any part ot U�e Propeety,oe far convr,yance in pluce of condemnntion,are hereby ._ ,,,z,.,�;-'-�=
<br /> � � essigned and shaU be paid to Lcnder to 1hc cxtent of thc full emount of the tndu6ted�tcss that remains unpaid under thn i ,:'�;{�;�_
<br /> Natc and thi9 Sec�uity Instrumen�L.ender shNl apply such proceeds to the rcductic�n of the irtdebtedncss under the Note •�;:,`.
<br /> and this Security Insirument,fint w any delinquent emounts applied in thc atdor gmvided in paragraph 3,and Uien to , ; �
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<br /> prepayment of principal.My applicadon of the proaecds w the principal shnll nat extend or gostpone the due date of the :. .; _._
<br /> monthly payments,which�re referred to in paragraph 2.or change the�unaunt af such payment�. Any excess proceeda � . •�,�;,-::- �
<br /> � over an nmount required to pay nll outstanding indebtedness under the Pfutt�and.d�ia Security Instr�ment shell bc paid to ?( ""-
<br /> the entity legally entided thereW. ` ,:�`�;�-' -
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<br /> 7_ C6arges to Borrower and i'rotection of I.en@er•s R�hm in tDtQ Praperty Bomower shall psty all :=;�^"_
<br /> govemmental or municipal charges,fines end imposidons that arre nat included i�i p�raaraph 2.Borrow�.r shall pay these �::;�; =�
<br /> " � obligarions on time direcdy ur the e�nuty which is owed the paymenG IF fail.ure to pay would adversely affest Ler.der's :�,�'�`-`_���
<br /> interest in the Properuy, upon Lender's request Bo�rower shall pmniptly �z+mish to L2nder cocaipts evidencing these i ,•��;;z:x;��.
<br /> � p�yments. _ �•„i„�_;
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<br /> �-�<��� •� If Borrowea feils to mtt�ce these payments or t2ie payments mqui�d by pur�(�aph 2,or fails ta perForm any other :,��, ��,,,__:
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<br /> � c�vennnts snd agreements contnined in this Scxurity Instrument,or thore i�a legal proceeding that may signlficAntly +�
<br /> aff'act Lender's rights ln the Property (such as a praceeding in�banitraptcy,far candemnation or to enforce laws or �'_Y=-==----
<br /> ' , regulations),then Lender may do and pay whatever is riecessary w pmtect td�e vulue of the Property and Lender's righta ___
<br /> ic►the T'res�ty,including pnysaent of taxes,ha�rd insornnce and otYier itama mentioned in pt�ragrapl�2. ,;Y'��,•��.
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<br /> � :�:. Any unounts disbutsed by Lender under thLg Parap�raPfi shall becqme an adqitionai debt of Bocrawer ana oe ��:_�.._:.
<br />�'"'�°''' sec�ued by this Security Instrument'Ihesa amounts shall bear intansst fmm tho da�s of disbursement,at thc Note ratc, -_--
<br /> and az the opdan af Lander,shall be immediaLely due and payabie.
<br /> Bottower s4a11 prompdy discharge any lien which has priQrirj ovar dti�Security Instrumem unless Borrower:(a) -
<br /> � agrocs in wridng to the payment of the obllgation seciu'ed b�r tho Aau in a mannor acce�teble to Lender;(b)contesta in
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<br /> ' �� goad faith the Iien by.or defends against ereforcement of the Hc�n•in,ltsgal pnaceed3ngs which in the Lender's opinion � ��
<br />� � opaete to provent tl�e enfo�+cement of the lien;or (c)secures fmm the hald�sr af tha llen an agretment satisfactory to �'
<br /> _� . . I.ender sabordinatinng thc licn w this Stcnrity Instrumen�ff I.ender dc�ninas d�nt nny pact of the Propeny is subject W a:'
<br /> - ' ' '. ' u llen which mey ettain pciodry over this Sxurity Instzument,Lcnder may givo Borrowu a naUce idcntifying the Uen. ��
<br /> � • Bortowcr shall satisfy tho lien or teke ane or moro of the acsi.ons set forth aUova within 10 day�of the giving of notice. k
<br />_�r^. � . ' 8.Few.I.ender may collect fees and charges authorized by the 3ecrouuy. "'°�':
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<br />�;. �- ,�� 9.Grounds tar Accekratbn of f1e6G =
<br />;°��:� - •=t (a) Detault. Lendu may.except es llmited by regulr�tionc i�uod by tha Secretery, in tha case of payment -
<br />�- � '` ' defaults.requlre lmmed+au payment in full of all suma�ccucad by d�ia Sc;curity Instrument if: ��-°
<br />-'`` ' (i)Borrawer defaults by failing to pay in full�auty mnnthly paymant rcqt�ired by this Security Instnunent �':`
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<br />,�:, pdor to or oa the du�date of the next month(y pnyment,ar ��-
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<br /> -- . . (ri)Horrowu defaults by failing.for u period af thimj dnys,to perfonn any other obllgations conteincd in r:�-•
<br /> r�"„ �° this Security Instrument �?.: -
<br />_��-T;,;,'_;__,. (b)Sak Without Credtt Approval.Lendr�shall.if permittcd by appHcable law(inclading Section 341(d)of
<br /> -�"�"��.;..":'� the GanrSG Germain DeposItory InstiWHons Act of 1982,12 U.S.C.1701 j-3(d))and with the prior approval of ��-
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<br /> _-.��;,.�, the Sccnetary.zrquire�nmediate payment in fuU af a11 sums securesd by thin Sccurity Inatrument if: '^' --
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