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<br />` Q.�'u�e,FEuod au.d�t�er�a�r3�nsuraase..Bois+��ves shalI im�ue al�impruveaeents Qn tt�e Fiopecty.w�ath;r Qov� in` `" .
<br /> . �e�teace or subsecpientiy erecta�t.against any hazaids.a�:altie�.and coucirgenc�es.iriciadiaq fire.�or.�v8ich Ls�stkr�quit�s ' , ._
<br /> • uuurduoe.'Fhis insacance s�aF!be maiietained in the�mmmtc��for the peciods that [.��er�equires:Bo�on•er sf�ai3 also . __—
<br /> insufe a!1 improv,ements on the ProperE�r,crhethet now in existenoe or subsequendy erected.a�t toss f�y floads to the eaien; —
<br /> racluired by the Secre,4ary.Ai�ias�mme�s�16s cacried�r•ith wm��riQS apprmpA by LenQ�r.'f�te insw�uc�pai'c,cies�and txriy. �
<br /> reneti��als s�ali be hetd by Lendea and sh1L inclitde Yass pay�Ie clauses in`�avor of,and in a form acoeptabte ro.Lender. , . �.
<br /> In the event of loss.Berru�ver shalE give Leader immediate 8atice by ma9t.Lender map make proof of Ioss if'not made � `. --�.__
<br /> ' P�mF�S+�S+Borrower. Fach i�osurance co�pany wncemed is hereby authnrized ansi di�ected to make paymenr for suc�I�rss _ - _
<br /> • dim�g tn I�ndet.in�tead of t�Bc,rrotve;and to Leuder jointly. All or any pdI!of the i�o�ranc�pm¢.eeds cmy be sgplxed by =�-- �
<br /> 18nder.at its aption,either(a)to thc redxcction of the indebtedaess�rtder the Nate and this S,.�rity'�nswment.fust ta�any -- _ --
<br /> � � delinquent amowus appli�in the order in paragraph�3,and the�to prepayment of griacipat.or(b)to the restoration or sepair —_—
<br /> of ehe damag�Propeny. AnY aPPlic�on of the praaeeds to the principal sh�U not extearl or postgoue the due dat.;of the = _ .
<br /> ��Y P�ents�vl�ch ate tefe:red w in paragr�pb 2.o:change the amount of such payments.Any exc�s in�,�nc�pmceeds - -
<br /> over an aAnou�t'reguued ta pay alt outstaading indebtedness uader the Note and tbis Sec�uity Iosvament shalt be paid to the ;___
<br /> entity legally,enritled themto. - -
<br /> In tlie event of foreclosvre of this Securiry Insttument or other ttaasfer of tide to t�e P.�ope�ty tLat extinguishes the �-_ --
<br /> inde6tedness.alt right:titte and interest of Eorrawer in aad m insuiance policies in fosce sfiall pass to the purchassr. ---
<br /> 5. Qocnpaacy, Preserva�un. Maintenance an� Ftatedion of the Peope=ty, Borrowe�s Laan A �=".--
<br /> o n P��: �::,_:-_
<br /> ` Lease�n!� Enrrower shail occupy.establish,and use the Progezty as Borrower's priacipal resider�rae within sixty days after . -
<br /> �`X�_.
<br /> the execution of t6is Securiry Instn�ment an�s1�a1]oouiinue to ocwpy ths Pmperty as Boirower's principal�sidence for at Ieast �:�_---=�--�—
<br /> � � one year after the date of occugaacy.�anless ihe Seccetary deteimin�s this nequireiueut will�avse undue hardship for Bormvrer. ','°:'� -_'--
<br /> c-'```.�:_
<br /> ----�or unlcs4.extenaatinD..eirc�,�ncr�oec_exist�rhirh_..are_i�Yqt�Bomawer's eont;ol._.Bomn�yer_shalt Aotif�r Lemdezs of ._.... --
<br /> 4 �--------- --__..
<br /> e�enuating cinvmstances.Horrower shall not commit waste or d�troy,damage or substantialiy change the Pmpetry or allotv ",�'�
<br /> the Praperty to deteriorate. reasonable wear and tear excepted. Leuder may inspect the Fraperty if the Properiy is vacant or 'i t'k.j=-� .
<br /> �abandoned or the toan is in default. Lender may take reawnablr action to pmtect and preserve such va.rant or a6audwied �'.�'���_ :
<br /> Property.Borrower shaR also 6e in default if Borrower.during the loan applicadon process,gave materiaUy�false or inascuiate � '' _ _� _
<br /> -information Qr statem�nts fo Leader(oi�failed ta pmvide-Lenderwith any-mateiial information)in connoction tvit�We loaa:. - �' -. �':`�
<br /> evidenced by the Note, inctuding.but not limited to,rep�sentatioas conceming Borrawei s occupancy of the Pcoperty as a ,:r�
<br /> principai residence. If this Sec�uity Insuumeni is on a leaseitotd.Borrower shall camply��rith the pro�isions of the tease. If , �'� �
<br /> Borro�+rer acqnims fee dtle to the Property.the lc�sehold and fee tide s6all not 6e mergad unle�s I.ender agrees to the merger in ��`•�r Y�
<br /> . , ;,,�
<br /> wricing. . . . . . .�::•��
<br /> �_ �:}'���."-A�iE'
<br /> � 6.Char�es to Bnsrnwer sud Protedion of Lender's Rights in the Propesty.Bo�sower shall pay all govematental or , . ,,
<br /> municipal charges, fines and impositions thas are wt included in paragraph 2. Borrower shall pay these obligaoions on time �
<br /> directly to the earity which is owed the payment.If failure to pay would adve�sely affect I.eudei s imerest in the I'ropeity.upon . �. : `�
<br /> Lender s request BorrowPr shall prompQy fumish to L.eader receipu evidencing these payments. : • �,�
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<br /> If Borrower fails to make diese paymenLS or the payments required by parag�aph 2.or fails to perform any other wvenants � f.� .
<br /> and agreemeats contained in this Security Inswment,or there is a legal prooeeding that may significan:ly affect Leoder's rights ' . F'=;;�� :
<br /> in�he Property(such as a procePdin�in bankruptcy,for coademnation or to enforce 1a�vs or reg�ilations),then Lender may do ... _
<br /> and pay whatever is necessary to pmtect the value of the Praperty and Lender s ri;hu in the Propei3y.iacl�ding Qayment of � �
<br /> taxcs.hazard insuiance and othet items mentioned in paragraph 2_ - ��" '
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<br /> Any umounu dis6ursed by Ixnder under this paragraph shali become an additional deM of Eormtver anA be secured by ' ' ���� �`�-� �:_
<br /> this 5ecuriry Instnunent.Thase amounts shall bear interest from the date of disbu�semeat.at the Note rate.attd at the option of �: :'`�
<br /> Lender.shall be immediateiy�due and payable. ' , '. • .�.
<br /> 7. Condemnation. The proceeds of any a}van!or clai� for damages. direct or consequenrial. in connection �vith any •
<br /> ooaderr�aation or otAer taking of any part of the Propeny,or for eon�eyance in place of condemnation.are hereby assigned and ' � ' ; �
<br /> shall be paid to Lender to the exteut of the full atnaunt af t4�e indebtedness that remains unpaid under the Note and this Security ��� : � � � .•
<br /> instrument.I.ender shall apply such proceeds to the reduction of the inde6tedness under the Note and this Security Insttumen� . •�
<br /> first tv any delinquent amou�lts applied in the onder providad in paiagraph 3, and then to pTepayment of principal. Any , . . .
<br /> appliration of the proceeds to the princigal shal� not euend�or gostpone the due date of the monthly p�ymenIIs. which are
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