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<br /> • ' ^`� � clrcumstances. Borrower shall not commit waste or desuoy,darnage or substantially change the Propc:ny or nllow the �-�
<br />-:>;��:��x Propeny to dcteriorate, tensonsble waAr and teu excepted, Lendcr may inspect the Propeny If the Propeny is vacant �s�.:
<br /> or abandoncd or the l�an is in default. lx.nder may take r�asonable Rction to prota:t nnd prescrve such vnctmt or �,:
<br /> . ubandoned Property. Bonower ahall also be in default if Borrower, Quring the laan applicatlon �rcxess,gave materially �_
<br /> ' f�ls� or inaccurate inforn�ation or statements to Lcnder (or failed to provide Lcnder with any materlal infornlation) �•�,.
<br />="��r��°'"',�y in connec:tion with the loAn evideuced riy the Note,lncluding,but not Ilmited to, repretentadons u►ncerning Borrower's '�'
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<br /> � occupancy of the Property as e principal residence. If this Securlry Instrument iF on a fe�sehold, Borrower shall comply �,_._
<br />`•�;,y�� with the provisions of the lease. !f Borrower acquires fee titic to thc Property,thc Ica�nhold uid fee title shall not -
<br /> — '' " be merged unless Lender agrees to the mcrger in writing.
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<br /> 6, Coudemostba. 'Il�e proceeds of any award or clalm for dacnages, direct or consequential, l�connection with
<br /> _- - any condemnation or other taking of any part of the Propeny, or for wnveyance in place of condemnation, are hereby
<br /> �� .4�� asslgned and shell be pald to l.ender to the extent of the full amount of thc tndebtedness that rcmains unpaid under
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<br /> •• the Note and this Security Instrument. l.ender shall apply such procxds to the reduction of the indebtedness under
<br />.`'''��°° the Notc :�d this S�curit InstrucrKnt, first to any delinquent announts app li e d in t he order provided In pua gra ph 3, -
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<br /> - " and then to prepayment of principal. Any application of the proceeds to the pdncipal shall not extend or postpone
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<br />,_�;; the due datc of the monthly payments, which arc referrod to in paragraph 2,or change the amount of such payrr�nts.
<br /> :,_�.:�,:j Any excess proceeds over an unount requlred to pay all outstanding Indebtednas under the Note and this Security
<br /> --���� Instrume�it shall be paid to the entity legally entltled thereto.
<br />- _--'=° �, ��rgea to Bornnves md Pc+otoctioe of Lender's Riaht� in ihe PcnQatY. Bocrower shall pay all govemmcntal
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<br /> -_°=-„� � ormunicipal charges,fines and impositions that are not included in paragraph 2, Bonawer shall pay these obligations
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<br /> _- - on time dicectly to the entity which is owed the payment. If failure to pay would adversely affcet I.r.nder's interest in
<br />--.•�,�� "''�� the Propeny. upon l.ender's requat Bonower sball promptly fi►mish to I.xndet ceceipts evidencing these payments.
<br />-'-�::,e�� � � If Borrower fails to make these payments or the payments required by paragraph 2,or fails to perform any other
<br />� covenants and�grrments contained in this Security Instrument, or there is a legal procading that may significandy
<br />"'�?`�'r��� affect Lender's rights in the Property (such as a proceeding in bankruptcy, for condemnation or to enforce laws or
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