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<br /> ,. I+In. F1�wd�nd ptber f�rd lawranoe. 8orrowM dWl inrure ull impruvement��►n tfw Propcny, whcthxr now fn
<br /> oxi�tence or rub�equently arocied. ��inw�ny iwzorda,��rwlder,wid a►ntfnyencie�, in�:ludinQ firo, fi�r which l.cndor rcyuirc.�
<br /> inwnnoe. Thi� Inwru�ca�hall be nwlnt�ined in thc utwuntr wd Por Uro pcdcadr thw Lcndcr requirer. Borcowcr Atull �Ico
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<br /> fmwro all improvemenu on the Property.whether now in exfatence ur subsequently erocted,a��in�t losa by Iloods to the oxteni
<br /> requirad by tho 3oerelary. All insu�ance shall be caniod with camponia+approved by l..��der.Tha insurancc pc�licies any --
<br /> -----f rcoawals�Iwll be held by Lendcr and shall include loas payable ciuuses in frvur uf.and In a form xcxptable ta,Lerder. `-
<br /> - - .f - u In the event of locs.Horrowcr shell give I.ender immr::iata notice by maH. Lender may makke proof of luss if�wt made
<br /> � promptly by Horrower. Hach incurence wmpAny concerned is hereby au�horlud and directed to make peymcn� fur�uch losa --
<br /> dlroctiy to L,ender. inateud of to Borrower and to I.ender jointly. All or any put of the insurence proceeds may be applied by
<br /> —_ l,ender, at its option, either(a)to the reduction of the indebtedness under the Note and thia Security lnstrument,first to eny
<br /> delinquent amounta appliod in thc order in paragraph 3.and then to prepayment of principel.or(b)to the restoration or repair
<br /> uf the dsunAged Property Any applicatfon of the praceeds to the principai shAll not extend or postpone the due date of thc
<br /> .._��--_ _ monthly payments which are�+eferted to in paregraph 2,or chenge the amount of such payments.Any excess inaurence proceads _
<br /> - over an amount required to pay ell ouutandin�indebtedne�under the Note and this Security Ineuument shall be paid w�he
<br /> -= endty le�ally entided thereto.
<br /> In the event af foreclosurG of this Securlty Iostrument or other ttansfer of titic to the Properry thet extinguishe� the
<br /> indsbtodness.ell ri�ht,title and intereat oi Horrower in w�d to insuratxe policics in force shall pass to the purchaser.
<br />-- ---- - S. Oavpancy, Prese�waUon. Mwtntenance and R»tectioa ot the ProP�Yi Horrower'r LoAn Applk�tion; _
<br /> I,easeholdo. Borrower shall occupy, establish.and uae the Property as Borrower's princlpal residence within sixry days after
<br /> - the eae.:ution of this Securfty Instrument and shell continue to occupy the Property as Borrower's principal residena for at least
<br /> - ��f�� ane year after the dets of occupancy, unlesa the Secretary de�ermines this requi�ment will cause undue hardship for Borrower.
<br /> - or unkss extenuating circun�stances esist which are beyond Borrower's control. Borrower shull notify I.enders of eny
<br /> �`"� , eatenuating circumstances. Borrower shall not commil waste or destroy.damage or substantially change the Property or allow
<br /> t�� the Property to deteriorate, ressonable wear and tear excepted. Lender may inspect the Property if the Property ic vacant o�
<br /> -- I Abandoned or the loan is in default. Lender mey take reasonable action to pratect end preserve such vacant or abondoned
<br /> --'� Property.Born�wer shall also be in default if Bonower.during the loan applicat ion process,gave materially false ar inaccurate
<br /> -�= infomwtion or statements to I.ender(o� failed to provide Lender with any nwtedal inforniation) in connectian with �he loan
<br /> ���= evidenced by the Note, including, but not limited to, rcpresentations concerning Borrower's occupancy of the Propeny as a
<br /> ., pdncfpa! residence. If thi+s�����y Inatrument is on a leasehold, Borrawer shall comply with the provisions of the leasc. If
<br /> ._�:_� Borrower�cquires fee title to the Propeny.the leasehold and fee title shall not be merged unlesa Lender agrees to the merger in
<br /> �,,� writing.
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<br /> 6. Cbarges to Borrower And Proteclion ot I.ender's Ri�htas in the Property. Borrower shall pay ull govemmental or
<br /> �'"'��'� municipul charges. fines und impositians that ure not included in puragraph 2. eorrawer shall pay thetie obligatians an time
<br /> _-�u�,r��_:� direcdy to the enlity which is owed the payment. If failure to pay would adversel y affect L.ender's interest in the Praperty. upon
<br /> ___ _,�,:�';� L,ender's rcquest Borrower chall promptly tiimish to l.ender►eceipta evidencing these payments.
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<br /> —_--- If Borrowcr fail�to muke these paymems or the payment�required by paragroph 2,�r fuil.r to perf'orm uny ather covenrncs
<br /> -- �,,;� and ag�eements contained in thix Securfry Ins�rument,or there i,�a iegul proceeding that muy significantly�ffa:t L.ender's rights --
<br /> �,r;� in the Property (such�.w o praceeding in bankruptcy, far�ondemnatian or to enti�rce lows ur regulations), then l.ender may do
<br /> __-----._;;� ' and pny whntever ia necessary to pr��tect the value of the Property urd txnder's r�glxx in Ihe Property, includin�payment of
<br />--^-=r��� taues,h�zard inaurance and uther i�ems mentionod in parog�aph 2.
<br /> -G=�+�+� Any amaunts disbursed by l.ender under this parugraph shall become an additional debt of Borrawer and be scxured by
<br /> =�`'�� this Security Instrument.Thesc�mounls shall bau intereat fmm the date ot disbursement.at tBe Note rnte.and at the option of
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<br /> Lender. Rhall be immediately due and payable.
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<br /> - _- 7. Condemt�Non. The proceeds of uny awurd or claim for damages, direct or c�nseyuentiai, in connection with any
<br />_ - -���,+'� vondemnation or other tuking of nny port of the Property,or for conveyanc�in place uf condemnution,are hereby essigned and
<br />_;.Y,�w� t�� . � shall be paid to Lender to the extent of the full emount��f the indebtedness thnt remains u�paid undcr the Notc and this Security �
<br />-°s�,....f�. � Instrument. L.ender shall apply such praceeds to the reduction of the indebtednesx under the Nwe and this Security lnstrument.
<br />_';�T�„�s�,,� : ' first to any delinquent umounts applied in the order provided in paragraph 3, vnd then to prepayment of principal. Any _
<br /> � ,; epplication of the praceeds to the principal shall not extend or postponc thc due Jatc of the monthly payments, which are
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