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<br /> �_��;�,�:� �<<< � 106864 � _
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<br /> =.° A.FSrG I�tood and�thrs HusN Imuisn�e.Borrowtr shal!instur al!improvements on the Property,w6et�er aos�ia ,
<br /> — �,ister�or subsequentty erated.against any hazanis.c�ualties.and co►uingencies.inc�uding fue.for which Lender requins
<br /> � insurance. '77�is insutance shalf be maitttained is� the aimunts and for the periods that l.ender m(uires. $ortower shall also
<br /> � insime at!improvements on the Froperty.`wfiether now in existence or subsequently erected.against loss by floods tcs the exteat
<br /> '- required�by the Secretary. Ail insurance s6all 6e curried with companies ap�oved by [.ender.7'he ins:nance policies and any
<br /> -- renewals shall be.held by L+ender and shail inctude loss payable ctauses in favor af,and in a form acceptu6le to.Lender.
<br /> = — ` In tt�ev�t of toss,Bomuwer shall give Lender imrnediate notice bp mail- Lender may make proof of loss if not made �
<br /> , promptIy by 8orrower. Each insararccc compariy concemed is hereby authurized and directed to make payment for such loss
<br /> directly to Lender,instead of to Borrower and to Leader jointty. AU or any pa►t of the insutance proceeds may be applied by
<br /> __==,���, Lendu,at its oprion.either(a)to the reduction of the in�debteds�css under the Note and this Secudry Wsmunent.first to an3r
<br /> ;; :'_- detirtqaent ataaunts appiied in the order in paragraph 3,art�d�en to prepayrt�t of principa}.or.(b?to the restoration os repais
<br /> ?-•<� y of the damaged Propetcy. Any applirdtian o�the proceeds ro the.principal shd11 noi e�tend or postpane the due dats of the
<br /> � mondtity payments whicd�aFe refermd to icr paragaph 2.or change the a�ount of such payments. Any excess insuiance proceeds
<br /> ,_h=':- over an amount nequir�:�c�ay alt outstanding indeb��r,s•ur,�der�:e Note and 3his Security inssrument shalt be paid to the
<br /> ��--- entity legaily�ntitted cih�r�:'. . " . . , . _----
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<br /> �� !n the�r',�7��f�foreclasure of this Security I*+�1�'?'���in��fei'of title to the Pcopertyr that extinguisfies the
<br /> !� yQy� � irtdebtedness,.�:�t.tide and intetest o�Borrower s��,�•,.b��.SaF?:��ic�es in farce shall p�ss to the punfiaser. ��
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<br /> �--� ',`-� 5. O�y;.`.�.vervation. 'N�int� �id: Prot�'it��of tbe Pruperi�, Sorrowee's �Za.Appliwtton; �'
<br /> '' '-.` i.easedoldg.`I��va,ei�:•='-�i.. esEaSfish,•ari�::a����rap�±�ss Borrower s principal residence wi3�r�_�ary days after .'�'�'�`'
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<br /> �. � the executiat�a�L+:�,�.'i'.y��stru�lrr:1.�'sj�aU co�s to ocs�,�v:h.�Property as Borrawer s principai -'�fi ce for.at least _.—��_
<br /> one yr�ar after'!.�;-}��of accupancy.:��+s�[fte Secretarv det ..er^;��s��;.;s requirement wil!causi a:r�:���::i�far Borr�or;� �
<br /> ' . �• l ` or unless ext�-a�.ey�.-�stances e.�7`which ate be}cond'�as^�;wer's contmi. Barrawrr"sr�S`�o��r �.enders of �y � -r� ;_..
<br /> ' . � extenuating ciiramsta.z�s.��rPwer shall not comrti'_z u�ste or destYay,damage�r�ubstantia(F�cnaag�r�e 1�pertY or allow ,;r`$s�t `_
<br /> � . .the Fcoperty to detetior�e�m�anabte w�aF m�d teas excepted. Let1des mag insrs�ihe Prop�y if the Property is v�ecant or :::� ,,�r�'"`fi '
<br /> " abandoned or the loan.is i:s defaut� L..�der may take reasonabte a..:�on to ptotec[ and pre5..'cve such vacant or abandoned ` �;���.����'� .°i��
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<br /> . �:,•-',' � propercy.Bore�xaer shail also be in defas:%> if Barrower.during tf:e:�a::.-c application pracc�s.�av�.materially false or inaccurate . s,�,_'., ��;;
<br />" - infarmetian or siatements G�Lgnder (a�.��led to piccide I.ender w;,i� any materia!inforn�aGoa�in conneaion with the loan s,-,•. : '�,' �—
<br /> � �t�� � � evidenced b the.Note.i����ng.but not limi[ed z�e resentations cancemia �:rower s occupancy of the Pro as a f'`' t �•� -�°°�—
<br /> � � � `� �'�,,` � principal residence. if c�a{�,»urity Inscrament is sz:�T�asenold. Borrower shafC�is�ply with thc ptovisioas of the lease. If ls�,�` :- _
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<br /> `�'� '� $oaower acquires fee r.c:•r��the Propeirc:;:he leaseiie�:3 and fee title shall not 6e mergSd unless l.ender agrees to the me�ger ia �—
<br /> KH=,;+'��:�r writing. .�"•� • �;�;.�_
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<br /> ' � ' .• � � �• 6.Ch�rg�to Barre3a'er and Protectlon of I.��er's Rights in the Pro�e�y. Burrower s6�ll pay all governrttental or :��".: ` ,,�;�.�"
<br /> ' � c;zunicipal charges, fines and impositions that are nat i*:claded in paragraph 2. Sarrower sball pay these obligations on time �'�; ; � ---
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<br /> _ direcdy to the entity whicb is owed tFee payment. If failare to pay wautd adversely affect I.ender s inte�est in thv Pmperty,upon ' � ��•b�
<br /> � � � Lxnder's request Borrower shall pmmpQy fumish tu Lender receipt�s evidencing these paymenu. � .'
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<br /> `.�-�«,i;�. Ii Snrrower fails ta make these payments or thc payments requirec!by ppmgraph 2,nr fail�:to perform any othcr covenants ir�.• ' � � - . .- ---
<br /> � ���-;�.bx ' and agreemen�c contained in this Seruaty lntitruinent,or there is a legal prace�ding thal may signitirantty af_°ect l.ende�s rights ;�f . • _---
<br /> � "_ ��.• :._�_,�;;;<;,. � in the Progerty lsueh as a proeeedin�in bankruptey, for condemnation ar W enfi�cet law�s nr regulutians),eIcea Lender may do tt� °. "';:'•'`+'y-z
<br /> ' ��' � + and a wtutezer iti necessa ta rotect the value of thc Pro and Lcnder s ri�hts in the�c �ne[uctin a meru o€ ' .
<br /> • �f,t 'p;: P Y TY P Pert}` o �rtY•� S F Y ; t,,,�:.. `
<br /> � .;.', ' 7' � � . ,,,�+ taxes.hazar��nsurance and��ther item�mentioned in paragraph 2. �'F .'����}�` •
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<br /> . � ,�• Any amounts disbursul by Lendcr under thi�paragraph,hall become�n addit�onal debl of Hnrcower xnd be secured by ',�{�
<br /> , - � this Security Instrument.These umoums shall bear interrst iram the dutv af disbursernent,at Ihc Ncrto rato.and ut the optian of a.
<br /> :,:��'`� , �` ' Lender,sh�ll be immediately due and payable. � ;
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<br /> = '�� 7. Condemnation. '�'he prcxeeds of any awvrd nr claim for damagex. direct or c�nseqaentiut, in ronnectian with•any �� ,
<br /> • •Y,^��� candemnation or pther t:ilcin�of any part of the Property,ar fur ronveyance in pE��:���f condemnatian,are herehy u�signed and •
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<br /> • F�`::` �'`•� �� .. shail be paid to L�mder to tlre 4-xtcnt of thc full amaum oY�he indebtedness thac r���::�r�unpa"sd undcr the Noto and this Securfty t�
<br /> �,�.;;;;�;; . � • Instrument. Lcnder shall ap�iy auch prn�eds t��the recluctiun uf the indebicxlnes�;:�•arr Ihe Nota�und thi!.Security Instrument. � '. �
<br /> •:,,;:sa�i;. • first to ar�y delinquent amnuntc appliu� in the utdcr providal in parugr;�pb ;. aac! ih�z to ptepaymcnt of principal. A�y � • .
<br /> ��"si`". ;4, � • upplicatic�r_ ��ti the proceeds to thr principal tihall nul extend or pn�ipone �he c��e.iatv af the momhly paymentti, which are �_
<br /> • f:i;.. • . �a{RINE) vayo 3 c.r G `j'
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