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<br /> nbnndoned Property• 8orra�yer shall Nso be in defuuit if Borrower, dudng the loan op�plicudon process. guve
<br /> , • materiNiy fuise or inawuratc information or statement9 to Lender (or failed ta provide Lender►�vith any material
<br /> infomintlon) in connection�vtth the iaan evidenced by tho Note. iaeluding, but not limited ro� representadons „ ,��
<br /> , asncemin� Borrower's occupancy of the Property us a princip�l resideace. if this 3eeudty Instniment is on a
<br /> �' leasehold. Bomower aball wmply with tt►e pmviaions of the lease.If Bonower ncquires fe@ title to the Froperty,the
<br /> .' � � leasehold and fee titic ahs►11 not 6e aaerged unless Lendei ngrees to the merger in writing• ' -
<br /> � � 6.Conde�►nation.'Tl►e psoceeds of eay uward or cla�m for damuges.direct or consequentinl,
<br /> in connection with
<br /> � any ceandemnation or other taLdng of any parc of the Property, or for conveyance in pluce of coudemnatioa. are _
<br /> �� hereby assinaed and ehall be Paid to Lender to the extent of the tull�unaunt of the iadebtedness that remaias unpaid �_
<br /> under the Note and th{s Security Instrun►ent. I.ender shall apply such proceecis to the reductton of the indebtedness _
<br /> uader the Note and this Sxurlty Inatrument, first to any del[nquent amounts applied in the order prov3ded in �.- •
<br /> n .
<br /> parugraph 3,and then to prepayment of priacipal. Any appltcation of the proceeds to the princ[pal shall nat extend or �-�.,..
<br /> a ments, which are refernd to ta para8raP6 2,or change[he aznouat of such � --°
<br /> � postpone the due date of the ma►chly p y ��!
<br /> _. payu��ts. pny excess proce�eds over an aznoont requlred to pay ell outstsinndiag indebtedness under the Note and this y
<br /> g��yr Insuument shail be paid to t�e endry leg�ily eutttled theccto. :_;�,
<br /> .. �. 7. Charges to �osrower aad �►+otecUon ot Lender's Rtghts in the Prnperty Borrower abell pay nll ti;,_
<br /> .: . goveramental or municipal charges,fines and imPflsittons tbat are not inctuded in pAragraph 2. Boaower shall pay "_
<br /> t h e s e o b l i g a dons on tjme direcdY to the entity which ia owed �he payment. If failure to puy would adversely affecc � ��'�;;,.
<br /> ° � � u n Lender's request Bo rn o w e r s h e l l p m m p d Y t i�rn i s h t o 1.+e n d e r r e c ei pta
<br /> ,, l.ender s interest in the Prope�ty� Po -
<br /> . ,� evidenciag these payments. b � h 2,or feils to perforra nny other __-
<br /> If Borrower fails to make t6ese paymenta or the payrtt�nt�m9uir� Y P S�P
<br /> covenants an d agreemea t s c a a t e l a e d i a t h{s S e c u r i ty Iastrument.ar there is a legal pmceedin8 d►at may sigaificantly =
<br /> � •i uffett Iender's rishts iaa tAe �rOPQnY <such ag a pmceedLlg 1n buniwPu7'• for condemnation or to en force laws or --_ ---
<br /> ° �egulations), then Lender may do and pay whatever ia necessary au Protect the value of the Pe+operiy and Lender's _ --
<br /> _,.
<br />, _ � .__; righta in the Property,iacluding paymeat of tanes.hazard insurn�n���°meeien a�ddidonal�debt of Borrower and be
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<br /> � ., AA'► amowlts distinssed iry a.,c�csai utltl�'ihb psrsSrsg� °
<br /> :�••r� s�au+ed by tWa Secur3ty instsume�u. Tkese am°�n�����°1e�t fr°m che date of disbursement.at We Note _
<br /> � ����'�`' � � rate.and at the option of I�eader,shall be immediately d�ze and payable.
<br />'. . , . .., Borrower shall prompdy discbarge eny lten which has priortty over this SecudtY Is�atiument unless Borrower: _
<br /> �7 (a) agre�in writing to the payranent of the obligatioa secured�y d►e Iten in a mauner acceptable to Lendet: (b)
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<br /> ���`.. .` •' coatests in g@od faith the lien by,or defends against enforcem�nt of the lIen ia. legal praceedings wl�ich in tha
<br />_r�::;�:'.�r�_•:' I.eIIdeI'S opidOII opemLe Io preveat the enforcement of the lien: or (c) serures from t4�e bolder of the Iten an _
<br /> '%�a;�;�4:`' agreesaent satisfactory to Lsnder sabordinatiag the lten to this 5ecuriry Insuument.lf Lender determiaes that any part �,;:_
<br /> -_�::::,�• of tha Propesty ia subjecx to a liea which �nay attain priority uver this Secudty Instn+raent. Lender � g �-
<br />` ' : 8orrowet a nodce{dentit�iag the lien. Borruwer shail satisfy the]ien or take one or more of the actions set forth
<br />��- _�;• ,� above withim l0 days of�he�iving of nodce.
<br />-- "�' ;" 8.Fees.Ixnder may collact fces and chatges authorized by the S�cretesy
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<br /> -��- 9.Gt+ounds for��e7e�radon of Debt.
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<br /> in the case of a ment
<br /> ;,��-;;::_:;�, _ (a) Defeult. I.r�nd�r may�except as limited by reguladons issued by the SecraaeY. P Y
<br />_���:;-tt ;:-:�•.. ,. defa�lts,re4uire ia�iace payment in ti�ll of sii sums secureA by this Securtty Iastrument if: _
<br /> • ..- =r.��..«- � a ent utred b this Securlry Instrumeat
<br />'�3.:,.•Y �'�� (i)Bormwerdefnults Dy tailing w pay ia full any mnn1WY P Y� �l Y
<br />� '` � ��,, a ment,or
<br />'Si ' '���� � � pafor to or on the due date of the next moathly p y
<br /> t;;,_�,, ` ' (ll)Borrower defeults by failiag,for a periad of thirty daYs.to pedorm uny other obligationa oontatned —
<br />"-""°`�:"•�.• in this Secudcy Inucument.
<br /> ��,;�c:�..:�;; . ltcable law(including Section 341(d)
<br />-_.:,::,Y. , ., ,, N) 3ale Without Credit Approval.L.ender shall, if peru�ined by upp P---
<br /> �� �' ". ot the Oara-St.Germain Laspository Inatltuuons Act oi 1982. t2 U.3.C. !?Olj-3(d)) snd w1t�i the *�nr --
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<br /> ���. ate a�m+.nt ia fW�of all s�ms r.ecured by this Security Instn�ment `_-
<br /> -_ �.�� ennmvei oi che 5wuw: rc �ire imuiesll p } '� �.—
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