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<br /> q, blre, flood pnd 01her N�rard Insurence. Bnrcower s6a11 insuro nll impr���on tT�o��rt���dher now�n -
<br /> ex(sMnco or substquemty ertcted,agalnst nny havards,casuatUes,and mnth�gertclu.Including fire, for whtch f.ender ta�uites . �
<br /> insnrunca This Insurancc shall be nuintaincd in thc nmounts and for the periads that i.cndcr requlru. tiorrower sh�ll aiso �
<br /> insuro ali improvcmrnts on tlro Propeny,whaLer now in cxistenco or suburyucmly cnrtcd,ngalnst loss Uy Roods[a rt�e exlcnt
<br /> rtquired by tho Secrc�nry. All Insurance shall be carrial wlth companiez npproved by I.ender.The invuance Qolicice and any
<br />� renewals shall be helA 6y Lender nnd shaU Include loss payable clauses ip Ezutc of,,nd in a form m+eprabte to,F,ecdxt.
<br />� [a the e�ent oi toss.2orro::er sh�lt give!eeder irm�diste m�ir!�y m::�". i.er.der mxy make QmnE a.€kxs dE not mado „ .
<br /> promp�iy Ey Corrov�ez. E¢ch tusv.ruace comyaig wnr•.h:r�.is hileby-n.�.m:+zc�!r.�din+Ke3 to maRe p:iymem far sucl� loss
<br /> dittctly.ID Lctuler;inslpd of to iSorrox�e:[u�.^.n>A:en:3:zyiatly. Ali oi:�K�.^n of thc insurnrtro prowo:ls may bo applied by
<br />, Lender, a�its option,elihcr(a)ro the teductipm oY the"indebtcdncss undcr aBe Notc anJ�hls Security iralmmen6 ilnl�o nny
<br /> delinqucni a�ixwnts npplicd In Ihc otder In pamgr�ph 3,and�hen�o prepaymem of pdncipal,or(b)lo�he restoretion or rcpalr
<br /> of•the damaged Propetty. Any appllcation of the pracceds to the principal sh�ll not exrend or pos�pone the duo date ot ihe
<br /> monthly paymems which nru rckrc�d ro in paragmph 2,or cUange tho anmum of snch paymenis.Any exttss Insurenee pmee�ds
<br /> ovcr an nawuN requircd to pay all nmslpnding Indebte4ncss under the Nnte and thls Secudty Instnmxnl shail 6o pald to thc
<br /> cNhy legally cmhled�hcrcto.
<br /> In tha cvcnt of Porcciosurc of ihls Sccurhy hutmmcm or othcr uansfcr o( �idu to �hc Pmpcny i6at cxtlnguiahcs thc —
<br /> Indebtedi�;s,all dgln.�Itle nnd intercs�of Borrower in and ro Insurance pilicles In faree shall pass�o�he purchascr. --
<br /> 5. Occuppncy, Frcservatlon, lfalnlcaonce and f"rotection oT the Propenpi SSorroxeNs I.OAII Appllcatlont
<br /> I,enseholds. Rorcower shall occupy,eslablish,nnd use Ihe Propeny a�[lorrower's principal ruldence within sizly days aner ny;;'_
<br /> �he execu�ion of this Securi�y Inetrument and shall contlnue to occupy�he Propeny ns Bartower's prineipal rosidencc for at�east w; -
<br /> one ycar aRer�he date of occupancy,unless the Secrctary determines ihts rcqutremem will cause unduc hardship for 6orraxxr, ��_.;
<br /> or unless extenuating circwnstances exls� which nre beyond Dorcox�eYs comrol. Dorrower shall no�ify Le�en o( any �'-;
<br /> ex�enunting circumsianees. portower shall nct mnunit wute or destroy,damage or subsianlially change�he Propeny or allow '?!;-�
<br /> Iho Propeny to deteriorore,rauonable wezr aM twv excepted. I.ender may Inspect �he Propeny ff the Propny is vacant or }y;
<br /> ebandoned or the loan Is in de(aul�. I.ender may take reaconabie action to protect and preserve such racant or abandoecd �f--
<br /> Properly.Ifonower shnll niso be irt default if IIenower,durina the loan applica�ion pran�,gave materialiy fa(+r c.-maaurate _
<br /> informallon or statements lo f�nder (or fnilcA ro ptovidc Ixndcr wieh any ma�erlal in(ortna7icN io co�ntction��+cii thc loan '-
<br /> evidenecd by dm Nate, inciudfng, but no� limi[zA�o, representa�ions crncerning Uorroa•er's c.cupanty of�he Proyetly us a _
<br />- prir.iF;l r�iden.a. 1£thi;Sctudty lrs�.-.,� . :s cr, al.0^`o;d. &^ .._ ;ha:l mn:ply �llh I�• p:c........_:c.'the!�.e.. I! -
<br />- Dorzox�er acquires ke tilte lo the Propcny.�thr Icauhold anc @a�lile shxll not be mergcd unlass I.endcr ngrcca m d�c mergcr fn -
<br /> wriling. �:,?
<br /> i:.' _
<br /> 6. Charges to Dorrox�er und 1'rotectinn of I.en�rPs R{ghis in the Pra�xrty. 6orrower shall pay aIl gorcrnmcmel or
<br /> munlcipal charga, fines and impotittons tha� are not ir.rinded in pn�xgr:�ph 2. 13orrowcr shall pay thrse otrligatiam on time f;-_-
<br /> dircetly to�he emhy whlch is awed�he pay'ir.em.If failum to pay would zdversely affect Lender's intttesi in thr Propxrly,upon f�;,t;
<br /> I.cnder's rcquost Uorrowcr shall promp�ly lami±h�o Lemier recrip�s cvldcncing�hese�:nments. �_��'-
<br /> r;._.
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<br />- tf Dortower falls lo make�hese paymemx m�he paymems requirM 6y parograph 2,or fails to pednrm any other covenams i?�:•��
<br />. nnd agreemems contnined In�his Securiry Instram,ant,m�herc is e legal procecding�hat may signifi:amly a(feci I.ender's rfgMs jii���-
<br /> in the Propeny(such ns a proceeding(n bankruptcy, for mndemna�ion m�o enforee laws ar regula�ions),ihen Lender may do u�';-
<br /> ar,d pay whamver is nceessury�o pro�ect �he value of the Propeny and IAnder's righ�s in the Propeny,incleding payment of �;;"".;
<br /> taxes,haurd Insurancc and oticer i�ems mentioned in paragmph 2. k*`����
<br /> U�v .
<br /> Any amoums Jisbursed 6y Ler.der under�his paragraph shall become on additional debt o(�orro�cer and he secured by r?'�-
<br /> this Sewri�y Inswmcnl.Thcse amoums shall tr:ar interes�trom�hc datc of disbuncmrnt,z��he No�e rxic,nnJ at thc optlon of �jx;-'
<br /> Lendcr,shall be immcdfa�cly due mid payab!e. "`,'�
<br /> 'r":�o
<br />�. 7. Condcmna�lon. 11�e procecds of am� awaTd m rinim for damagcs, dircet or mnsequemial, in conr.ec�ion wilh any
<br />., mndemna�ion or m6er mkfng of any part oi�iie Property,nr for convcyance in place of mndemnniinn,are here6y assigned end --
<br /> shall Ix paid to Lender�o�he extem of the full amnune of�ht inJebtednez<th:n remains unpaid under�he Note nnd�his Securiiy C+�--
<br /> Ins�mmcnt.Lender xhall.ppiy such praYads tn�he rcdur�i�m o(thc indebteJnesi unJCr�he Nmc m:d �his Securily InslrumeN, �F+,'.;,
<br /> fint ta nny dclinqucnt amounts nppticd in �F.c nrder p�m�ided in paragmph 3, ;mJ �hen to prepayn:em nf prineipal. Any `-`
<br />- ap lica�ion o(�hc pmcceds to �he principal <hall na rx�end or �sl�ne lhe Jut Ja�e o(�he ntontldy paymcnis, �ehiclt arc %����
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