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<br /> —= 4.Fire,Flood pnd Other Hw�rd It�urance• Borrower ehall incure all improvements on �he Praptrty, whether now in
<br /> ---- caistence or suM¢equcntly eruted. agninst any hazarda,casualties.and contingencies, i�cluding fire, far wbich l.ender roquinw
<br /> inaurance. This insurance ahall be maintained in ihc unaunts and for the pe�ials that Lender rcquires. Borrower ahall �I�o
<br /> �i — insure all improvements on the Property,whether rww in ezistence ur subsequerxly crcxted, agoinst losa by 8�x�ds to�he sstent �
<br /> ,���� required by the Seerctury. All inaurance shall be carried wilh companiex upproved by Lender. The insuronee palicies and any ---
<br /> - _ __ nenewai��hall be held by I.encler and stwll include lo�c payable claurea in favnr of.and in e farm accepwble to, l.ender.
<br />- -. _=�__— � In thc event of loss,Borrower shnll sivs [.ender immediate nntice My mail. l.eodcr rtwy mwke prouf af los� if not made F
<br /> -- promptly by Bormwer. Each insurance camEwny concerned iR hereby uuthnrir.ed nml directed to make puyment Por such loss
<br /> —.�, dircctly to L.ender,inatead of ta Borrower und to Lxnder jointly. All or uny pan uf�hc inhurunce pracoeds rrwy be applied by
<br /> � l.ender, �+t itx optian, cither (u1 t�►Ihe ralucti�n af thc indebtodne�x uixler Ihc Nutc unJ this Security Instnitt�nt, firxt to any
<br /> --=7 delinyuent wnountK upplicd in�he ordcr in pumgruph 3,and then ta prepuyment uf principal,or Ib)ta�he restoratian c►r repuir
<br /> --- af the dumag�l Pmperty. Any upplicuNon nf Ihe pra:eeds ai the principnl shlUl M�t extend ur poxlpone the due dute of�he _
<br /> ----� _' � monthiy payments which ure referred tu in paragruph 2,or change the umaunt uf such paymenta. A�y excess insurunce proceeds �___
<br /> �� over an umount rcquired�o pAy �+II outwrndin� iixlebtedne,ss ui�der the Note and this Security lnstrument ahall be paid to the
<br /> —,� entity Ic�ally entitled thercto.
<br /> ----�a �..
<br /> �,,,x� In the event of foreclasure af this Security Instrument ar other trnn.rfer nf tiqe to the Pr�petty that extinguiahea the -
<br /> ----�1 indebtedness,all right. title w�d intenest of Borrower in nnd to insurancc policics in force xhall pass to the purchaser.
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<br /> ��" -�:*,;���; S. Occu��an•v, PI'� '1'YA�IOII. hiuintenunce �nd I'rotectlon ot the Property; Borrnwer's Loen Applicationi �
<br /> --�--�' � I,easeholds. Borrower shall uccupy. e��ablish. au.: use the Propehy as Borrower'g principal residence within siaty days after
<br /> - _'��:�� • the eaecution of this Security Instrument and shall continue ta occupy the Property as Bonower's principal residence for at least
<br /> -- =�r:J.,,.y �
<br /> *�t:., one year after the date of occupancy, unless the Secretary determines thia requirement will cause uadue hardship for Borrower, �
<br /> - — or unless extenuating circumstances ezist which are beyond Borrawer's control. Borrower shall notify Lenders of any
<br /> "'"`;•;,;`,�,�,�.; • extenuuting circumstances. Horrower shell not commit waste or destroy,damege or substantially change the Propeny or allow
<br /> '°'—'=�,"�_:�:,�i• the Property to deteriorate, reasonable wear and teur excepted. [.ender may inspect the Property if the Property is vacant or =
<br /> . ----- abandoned or the laa� is in default. [.ender may take reasonable action ta protect and preserve such vacant ur abandoned
<br /> ���•`y' Property. Borrower shall also be in default if Borrower,during the IoAn upplication process,gave materially fulse or inaccurate
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<br /> .�,��.a �.Y � information or statemeMs to Lender (ar fs�led ta provide[,ender with any materiel informntion) in connection with the oan �
<br /> �;�+��� evidenced by the Note, including,but nat limited to, repreeentations cuncerning Bor:ower's occupancy of the Property as a �
<br /> -- ���+"-;�.;tiw;�� principai reariden�Y. If ihia Sa.u�tiy fastrumcni is an a leaschald, Barrot��er sha!! cnmply w�ith Ihe pr�vi¢ionc of the lease. If __
<br /> � �� �'`�'"'�?. 8orrowcr ucquires fee title to the Propeny.tha leasehold and fix title shall not be merged unless lxnder agrees to the merger in �_
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<br /> �;�3�� „���.•� writing.
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<br />:=:;� ' b. Charges to Borrower and Protection oi I.ender'c Righ4c in the Property. Borrowcr shull pay ull gnvernmental or
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<br /> �;� ���,�•��. municipal charges, fines nnJ impositions that ure not included in puragruph 2. Borrower shall pAy these �►bligation�on time `_
<br />__.�� ,,+�,.` `"'"� ' directly ta Ihe entity which is owed the payment. If fuilure t��puy would adversely affect Lender's interest in the Property,upon
<br /> - . �!7si ny.___L, .
<br /> a., . Lender's request Borrower shall promptly furnish to I.ender receipts evidencing these puymentx. —
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<br /> T-,��Sy'�,_���, If&►rrower fails to make these paymenls ur the payments requirec!by parAgruph 2,or failti lo perform uny other covenants
<br /> _'=.� .;,. .. `"' and agreemems containod in this Securiry Instrument,nr there ix u legul praeeding that may significantly uffect L.ender's rights �'°
<br />_�_� � � •~:;�� • in the Propeny (such as a prceeeding in bankruptcy,far condemnution or to enforce I•rw+or regul:�tion�), then Lender may do
<br /> -�—^' und pay whatever ix necessary to protect the vulue of thc Pmpeny and l.ender's rights in the Property, including payment of __ _
<br />_'=��F�'"�''""'"� texes,htizard insurance and other items mentioned in parngrApn 2.
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<br /> ����.� ... ;" Any amuunts di.r•bursed by Lender undcr this paruRroph tihall lx:ci�me un additionul debt �if Borrower and be ucured by j
<br />-=s�;�_' �•• this Securit Instrument.These umounts shall bear interest from the date of disbursement,ut the Note rute,and at the option of �..�'
<br /> - ~��::.w.:�r`:;s y
<br />_ - ��° t ' l.ender,shull bc immediutely due ond payable.
<br />'_-��•as��'g�'."`,-: � .. . —
<br /> -'='� ��<�:•�,_=;u, 7. Condemnatfon. The proceeds�if any uwurd or claim for Jamage�, dircct or conseyuential, in connection with uny �
<br /> - � �±p�• � :�• condemnation or other�uking of uny pnn of�he Property.�ir ti►r ronveyunce in place of canJemnation,are hereby nssigned nnd —_
<br />.::�K,� �: , , � �� shull be puid to l.ender to the eatent uf the Pull limuunt uf thc indebt�Kines�that remains unpuid under the Note and this Security m"
<br /> � Instrument. Lcnder shnll upply such pr�xceJs ta�hc reduction��f ihe indrht��ine+�under�hc N��[e anJ�his Security Inxtrument. '�
<br /> � „�,� � first ta uny delinquent amounts opplied in thc ordcr praviJrd in puru�ruph 3, anJ then ai prepaymcnt of principal. Any
<br /> .. : , . appli:,ation of the proceeds to the principal xhull nui extcixl or �xat�xme thc Jue d•rtc ol'the monthly paymentti, whirh ure r
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