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<br /> , secur(ty is not lessenod. If the restomtion or repair is not economicnlly f�oalble or Lcnde�'s securlty wovld be
<br /> ��.�� lessened,tha insuraace proceeds shall bs applied firat to the�duction of any indebtednass under the Second Note �=
<br /> and this Securlty instruncen� My excess insume►ce proceeds over an emount required to pay ull outstanding
<br /> �'='��� tadebtedness under tha Second Note�nnd thIs Securfry Inswment aball be paid to the entity legally endtled thereto. �
<br /> ,,�;,�s;.;�„T` In the event of foreclosure of thia Securiry Instrument or other transfer of title W the Property that extingutshes =-
<br /> -" " ;;:, the indebtedness, all right, dtle and iaterest of Borrower in and to �nsw�ence polic[es In force shall pnss to the _
<br /> ' pwcnaser. --
<br /> . � 4. Occupancy, Preseeva4ton, 1Vlatatenance and Peotect[on of the Properly; Borrower's Loan --
<br /> � • r Applicadon; Le�se6olds. Borrower shall occupy� establish, and use the Properly as Borrowe�s piinclpal
<br />�;�,�_;,.��.. � residence efterthe execudon of tbis Securtty Instrument end Horrower(or at least one Horrower,if iniHally more
<br />:_"•:�:: •'�-::+ ' than one person are Bozrowers)shall continue to occupy the Propesty as Barrowe�s prLicipal residence for the
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<br /> � term of the Security Inshumen�."FrIxncI�al eesIdence"shalt have tho same meaaing as ia the Iaan gceemenx �
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<br /> _ ••� Borrower sdaU no4 commtt waste or desaoy�damage or substandally change the Property or sUow the Property► -
<br />��~'r��,'...���> to deter�orate,reasonable wear and tear excepted. Borrawer shall also be in default if Borrower,during the loan _._
<br /> .,;a,,;_,�,, 5 apPlication process,gave matertally felse or inaccwata informatton or statements to Lender(or failed w ptovtde _
<br />���+.-�' Leader wlth any material information) in connecdon vv�th the loan evidenced by the Nota, including,but nat
<br />' � . ._,� Innited to,representations conceming Bomowe�s xcupancy of the Property as a principal resideace. If this
<br />-`''''�`�`�': Securlty Inatnunent Is on a leasehold, Boaower shall comply wlth tha provisions of the lesse. 1�Borrower
<br />`=�"'���, acquires fee dtle to the Propercy�th�leasehold and feo title shaU not be merged unless Lender egees to tha merges
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<br /> :�-;;�"i�i,��;�;?:r� in wrIting.
<br /> '�8�";n. S. Charges to Borrower and Protectton of Leader's Rig6ts in t6o Property. Borrower shaU pay ail
<br />_'""' �"��,� govemmentFSl or municipal charges,fiaes and�nposiHons that are not iacluded in Paragreph 2.Bom�wer shall pay
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<br /> - - -.-�_ thy���;2igaii�s uu iima r3�Ctl�ta the endY;ev3iir.h is�w?�!he�+►ymenc. Tf faiiure to pay would adveisalY a�'ect ,
<br />`�`�';`°;°; '•. LendePa inOerest In the Prope»y. Wwn Lendei's request Borrower shall promptly fluaish to Lendor receipts '
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<br /> --���:.;:�' evideacing tl�ese payments. Borrower shall promptly discharge any 1[en vvhich has priority over this Sacurity
<br /> - --_�_ Insbvment in the manner pzovided ia Paragraph 12(e).
<br /> `°-"--- If Botrower f�ils to make these payments or tho pmperty chatgas reguired by Paragtaph 2,or faits to perPo�m x�.
<br />-�'°Y'i`-"��'��a any other coveaants and agreemeats contained in t6is Seciuity Instrument,or thene is a legal proceediag that maY
<br /> --_.-�= siguificantly affect Lendei's dghts in the Pmperty(such as a proceeding in bankiuptay.for condeffinatiaa or to
<br /> --==- = enforce taws or regulatI�ns� then I,eader may do and pay whatever is naxssa�y►W pmtat the aelue of the
<br /> _-==-.n..��=. Property end Lender's rlghts tn the PmpertY. includin�payment of ta�ces. hezc�td insurance aad other iums
<br /> °"."." __-� mentioned i�Paragraph 2.
<br /> ----_---- 1b protect Lendei's sacurlty in tha Property,Lender sLall advance and charga to Borrower al!amovnts dua to —
<br /> the Secret�y for the Mortgago Insutance Pe�emium as dofiaed in the Y.oan Agr�nent as well a�alt swns due to
<br /> — the loaa servle�for servicing acUvtdes as dattned in the Loan Agreement Any amounts disbursed bY Lender •
<br /> -_= �nder t'bis Paregcaph shaU become su addhional deht of Bon+owet as pmvtded for In the Loan Agroemert and sha11
<br /> be secua+ed b3r d�is SecurIty Ins�umeat
<br /> ' 6. Imspectton. Lender oa tts age�may enter on.insPect or make appreisals of the l�roperty in Q reasonablo
<br /> manrter and at reasonable dmes provlded that 1.ender shs118[ve the Borrower no8ce priot W any i�specNon or
<br /> ___--- � appmisal speclfylag s Pnr�wse for the [nspection or appraisai which must ba related to L,endefs•tnterest in the _
<br /> _-� —_ gc�o�s�.If�ne�rv�a"y is va�ant cr�aadoncd or thc toua i.�In�f�It,Lpad>r mAy�ke reesaas?t�te fc,ti�n m '..
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<br /> _-— protect end praccrve sach vacent or abandoaed Mcopeny widzouc notice m the BoiYOVVer.
<br /> 7. Condem�atIon 'I1ie groxeds of any award or clatm for daa�oges,direct or consequeattal,tn connection
<br /> with aay condc�ation or other taking of any part of the Prnperty,or for canveyance in pla�ro of condtmnation ' -
<br /> ' sba�ll be paid ro Lender. The pmeeds shall be applIed fust to the reduction of aay iadebudness�mder a Secend.
<br /> �°�`} Notr. and tt�i� Sxurlty Instrument Any e�ess pmcxeds over an emount required to pay aU eWStandi� :
<br /> — — iadebtedness unfl�r the Second Note and this 3xurity Insdument shall be paid w the entity I thereto. .
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