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<br /> � � 4.�irw�7.e+_a.a oti�a�wsRa Lwra�ce.9oeno+re�sha11 ia�re.l1 impiave�onks on the rmperty:wt�the�aoM►ia �
<br /> ' emteoa a subse�tatlY e�cced.agaiau anY 6ar�rds,casmities.aid.eontingencks.inclndibg fin: for wtuch E�ender t�aquitei .,
<br /> - ---- --iiisi�sancc.-'1?iis-It�nra�tr�c stra�f!be�in-the amo�is acd-fos the periods ti�t-Lendes tequists�Sormvver-aball also -.-
<br /> i�alI imp�ovtmaws�bn the P�perty.whether now in eaisteooe or subsequentty enected.against toss by ftoods to the eueat -
<br /> � toquimd!�the Secnetscy. A!t iastuana shafl bc c�ried vridt oompsnies aPlxuved by Leider.'Ilic insurance policies aod myr
<br /> renewals str+11,6e hetd by l.eoder ao�i s1�1t iactude tass payaWe clauses in favorof.ud in a farm arceptabta to.LeiWer. .
<br /> in thc evaft of Ioss.Formwcr shall give t.ender immediate nooice by�il.LYt�der tnRy m�ke proof bf lass if mt mtle �
<br /> prumptiy by Borrower. Eac�insuru�ce companyr coacerrted is hereby authorizod and dic�cted to�e paymad for such bss
<br /> , , dinct[y w i.ender.instac!of m Bormwer and to ixnder joindy.All or any puc of tl�e insuranoe p:oceeds may 6e�PP�iod bY
<br /> t.etder.at its aptio�,tetl�(a)to the r�eduction of ttie indebted�under tde Note and this Socurityr�,first to any -
<br /> - -- -deii�amounts-appliea�in tbe orderin�h-3.a�d tIven w prepayment af princigal:or tb?mthe nstoration ar.eepair. .-_--_--
<br /> of the dtinagod Pmperty. My.app�iacion of the p�ncads ta the principal sh�ll�t extend or pastpone We due date of the
<br /> montWy pay�nents.which�re refernd to in paragraph 2.or change the aawuut of such psyments.My exeess in.wrance pmceods
<br /> ' ovGr an amount reqaired to PaY all outsta��ding i�s wder the Note and this Seairity Instrunrant sdait 6e paid to tbe
<br /> i e�tity Itgaliy batitlod thento. '
<br />-- � - - - . •
<br /> - ' in the event of farectosure of t6is Securicy Instwnent or other transfer of ti@e to We Property that eutingnishes the
<br />- _ ;nde6ted�ss.aU righG title aad inuresi of Bomower in ard to insurance policies in force strap pass to the[wrctsaser .
<br /> . S. Oocup�ocy. � � aod PeotMion of the Proprity, Baiavve�s I.au� Applkattoa; .
<br /> Ld�se6oldf. Barrowez st�t!oa.vpy,auabtisb,ard use tlie Property as Horrower's principal rrsidence within siaty days after
<br /> the exrention of this Secusity ItistrumGnt and_shail continue.to uccupy th�Property�Bor4ow�r's principai residence far at teact
<br /> �x� - ope Year after the date of accupas�c.y,.unless the S�ary determines this requi�cment Ai���ase undue hardship for Bomnwer.
<br />= or unless extenuating circumstat�es esist wi�ich are beyond Borrower's Contm�; Bobz�w;er shall naify L,enders of any
<br />'�� •. e�ten�tating ci�c�es.Hortower shail not commit waste or destroy.damage'or substantiaUy cTtattge tde P�operiy or atlow
<br /> — the Property to deteriorate, �asonable wear and tear excepred. I.ender may inspect tlte PcoperiY if tt►e Property is vacsnt ar
<br />---- abandoned or the loan is ia defaul�. Lend�may:take reasor�able action to protect �nd pceserve such varant or abandoned _
<br />•?�°+: Property.Borrnwer shal)also be in defanit if Borrower.during the loan application pracess,gave materially false or inaccurate
<br /> infom�ation or statements to Lender(or faite� to proYide I.endea with any material infomiation)in connection with the loan
<br />�;:Y..� evidencod by tbe Note. including.but not ti��to_reprzsentaiioas cbncemi�g Borrower's accupanc.y of thee Property as a, .
<br /> • principal residence. if this Security Instrunsent 'ss on a lcasehol6, Borrower shaI!campiy with the pro�-nsions of the lease. If
<br />•.;'° Borrower acquins fea titie to the Property.the lea�ehotd and fee atle shall aot fie merged unless Ixrder�°��s to the merger in
<br /> ''�'t. �� .. . . :. .
<br /> 6.Charges to Borrowec aad A+nteeNon ot i.ender's Righis fn the Prope�ty. Banawer shall pay all govemmemal or
<br /> ' ' municipal charges, fines and impositions that are noe included in paragraph Z: Borrower shail pay these o6ligations on time _
<br /> " � directty to the errtity which is awed the payment.Ii failure to pay would adver.sely affect Lender's interess in the Property.upan
<br /> i.ender's request Borcower shal!promptly fumish to Lcnder receipts evidencing these payments.
<br />_ If Borrower faits to make these payments ot the payments required by paragraph 2,or fails to perfotm any other covenants
<br /> and agn�etnents cantained in this Security Tnstrument,or there is a legal proceeding that may significantlg affect Lender's rights —
<br />. � - in the Property(sncb as a proceeding in bankruptcy. for condemnatian or to enforce taws ar reguladonsD,a�:n I.ender may do -
<br /> � r- and pay whatevcr is nz�sary to protect the value af the Propeny and Lender`s righu in the Propert}r,;r,r�uding payment of
<br />;�! � taxes.har�rd insurancP and ather it�r.ss mentianed in paragraph 2. •
<br /> ;� • -
<br /> . '' Ahy amourtts di�:srsed by Lender under this paragraph shall become art additional debt of Bors�wa:and be secured by
<br /> w� ;; �, this Securiry Instrume:�.These amaunts shall bear�::+_:rest iram the date of disbarsement.at thc Note rat�a.and at the optian of
<br /> :;�-�. l.ender,shall be immgnaately due and payable. .
<br />�.�::. • • .
<br />,'�•_��-- 7.Ce�de�ro�tior�.,77�e proceeds of any award ar ctais�e t'i�r damages. direct or cansequential. in connection wtel�any
<br /> • ';! wndemnatian or a�'+���:aking af any part of the Praaerty,or for canveyance in place of cundemnat+on,a,re!xreby assigned and =
<br />, , , .„�, _ -- ' shfii be pai�ro i:enoer m ihc cntan u�ti,e iuiS��,:t u;tk�iss3etst:.dr�;,sti that•�:,s�::�ts:c:.�:3 ttr..�..':the�ate�.•M�ga'•_-«=1 - -
<br /> f lnstrument.i.erttler shall appfy such proceeds to the reduction of the indebtedness under the N«te and 1hi�Security Instrument. •
<br />- • ' first to any delinquent amount!� applied in the order provida# in pambruph 3. :u�d thcn tn prepayment af principal. Any -
<br />� • ' application ot the praceeds to the principal shall not cxtend ar postpnnc the duc date of the manthly paymentc.whicli are
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