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<br /> ' 4.fire, Flond�•tk6er Baza�d Yasnrance.Bon+oarer shalt iasure ali improvemeats on the Property.w[�eth�r aow i�`.
<br /> ' �aistatr�ar ss�Dsequendy a�cEed,a�aiast a�sy h�ard�.casuatdes,and cantingencies,including fire.far wfuch L.end�.t.re�quines
<br /> _:—�insurane�.—ims;msai�o�s�oc=��n-i��:ti°�=�=fsr��--zic�i� �-�'�"-r�q:ii=�.. �^:rr °.�� __ _,
<br /> in;uce�1i impsovemea4s on the Froperty.cvfceiher sdw in existettce or sqbSequently er�,against lass hy fIoods ro the exteat ° ,
<br /> seyuir�i by�S�cmtgq►.A!1 i*+���,�++��fiall 6e curied with`companies appro��efl by I.en�e�.The imurance policies and nng+ . -
<br /> renewals shaU 6e�eld by Lender aad sh.ail inoiude tass payab2e ctanses ia favor of.and.in a fbrm uooepta6le eo,Len�er.
<br /> � Tn tEie cveat oi Eass.Boirowcr shali give I�ender immediate notioe by mai1.i.ender maY make proof of toss if aot made
<br /> • promptly Dy Bonvwer. F.zch insurance companY onacerQeB is heaeby anthflrizetl and directed to caafce payment for snch loss
<br /> � dirPcdy ta Lender.inst�d of to Bnrrower�d to I.e�der jointly.All ar any part of the insuiaace pmce+ads may be applied by
<br /> � I;ender,at its option,eiWer(a)ta the reduccion of the i�ebiedness und�r'the Note and this Securi�y insuvment,fi�st to uay .
<br /> � , detinquent emounts applied in the order in paisgraph�3.aad then to prepaya�of piincipal,os(b}w tl�e restoratiun or repair
<br /> . of e�e damag�Pragaty. Aay appiicaafon bf'the pruceeds Yo the prit�cipa!s�11�at eauend ar pastpone the due date of the
<br /> monshty payments iviuct�are referred us in paragraF�2.or cbange the amaaat of stu�Pa3+menis-AnY excess insnraace ptocee�s
<br /> aver azt amo�ot isequired tn pay all outstaading iadebt�duess aader the Natc aud tHis Se�uri4y InSaun�ent shall be paid to the
<br /> entity tegally entided t�ereto. _ . . ° � � . �
<br /> in the evenY of foredosure of tbis Security ��ax oth�r trans€e�ef titte��':�iopecty tbat ehtingaish�s the
<br /> ;ndebte�ms�;all right,tiite aad iutere�t of Bomower in and w insatance polici�n�€arce�:�ess to the parct�aser.
<br /> 5. O�vpancy, Preservatton,. MAiatea�nce und �mtecHon oi the'Rltc�p�ag�':.'�iorraw�'s t.oam�Agpl3czWoa;
<br /> I.easeholiis. Borrower s�afl o�cwpy,establlsh,aad use the property as Bormu�c"��residence witbia sixty days aRer �..;;.;:,
<br /> We execudon of ahis�Secutity Iasuua�ent and shall continup to oGC,v�y the Fropeet�;i�s�ormwer's ptincipal residence far at teast �� ;
<br /> � ona yeai�after the date of occmgancy,unless the Secretaty deteanide�this requu�ttt aril{.caus�undue haidship for�orrower, �
<br /> or �tnless extenuating ciraunstances exist wTrich are beyonr) Borrawer's oo�l. Borro�ter shaU.notify Letidc� a#s�y .
<br /> ' exocnuating cimu�nstances.Horrow�s6alt not mmmit waste or descray,dam�ge�or snbSi�Ei�"`Y change'the PtaPettyr ox,�lirn�v '. .
<br /> the Property to detesiorate.reasomble wear and tear excepted.�f�encler may inspeet th,��or�-ty if the Property is va�3`or � .
<br /> ' abandaaed.ar the�loan is in defaali. Leader may a�e reasoflabie action to�c:t�t aad pies�ve.s.�c�;.�a!�oaut,.or�bandnned ;. .
<br /> . Property.BOrrowersttaail a�so be in default if Bortim�vi�r,during the loan applic�i�pracess.gave mater�?y faise or inesrur.u,e ,'��:-�,:.
<br /> inform,ation ar statements to Lender(a�r failed to�a�F�side Iendea with aay ea:t,s�al�inf0�an)in oonaection�with tIie loan � ,
<br /> evidenced by t6e. Nate, includir�,[�t;t4.KA.limited to;represeutations eoncein2ng BorroR�"?s`t�ocupaacY of the Propeity as a . .
<br /> P�P��dence. I�this Seraritp.�at is�on a leaseh�td, 16omower'�s:�L cnmpIy�aiith dte proviuons of the leas�.,If� . ,. .
<br /> ,' Borrower acq,�es fee t��to tlie Prop'erty,the I�ald and fee 6tte shall na;,:�.merged nn2ess I.ender ggras ui'the�eager in
<br /> wridng. � , . � . .
<br /> • 6. �rges to Borrowc�r and. r�ilon o3 i.ender's R�'ii��,in the Prnp�ty.Borrower sball paY alt governaiental or'
<br /> � �.
<br /> mnnicipa!c�arges,fines and imposi��th�i are�aot ip�ctudedf�i:j�aragraph 2.Bornower sha11 pay these obligatians on time
<br /> . ;;.�direaty to the entity which is awed tlie pay��at.`�:,P„�d�re to�ay waald.adve�sely affoci Lender's interest�tbe PmpenY.�pon
<br /> d,:eader's request Bozrower sl�ltpromptly furnish�P�vndtr roceipts eviden�in„s�t�CSeS�Y��• ':`�'��'��`
<br /> �; .
<br /> � �. , �if .B�wer faits to make tl�i(�ci�ments.or the payments re9ni�ed by paragaph 2.or f,�ls to petform any oth�r cove.nu�ts�
<br /> . a�d agre�.:,nts caAtaiadd ia this S��t Instmment,or the�is a tegal proc4ed.ing t6at ma�±:��ificaatly affect Lwdee's tights ,
<br /> � �� in,tt�cc Property(sucFi;�;�:�.�roceeditia'�in ban�ruptcy,far oondemaation or�to�force taws or regulattons).ti�en Lender may do .
<br /> . . � and pay whataver'is ia,'��sary to_Prat�the vaiue of the Froperty a�xl!.�''s rights in die PropertY.including PaYment pf �
<br /> .r., ,
<br /> . t�+�,uar�u i�tc��u'vinsr iicnc►su�iihnnxi iu fnuag[ay,�Z• . . . ,
<br /> . ',�,. �
<br /> _ .,- -�,-�-j a�oa„—ts c�s�r-��I.c�..�r ait�:,�ttses�ra�h�s~���.-�t°�4�irinn�l A.�t of a:orrowtr�!be��i tsy _
<br /> � this Seeuaty Instrumer�.These amounts s1�al1 bear inte�est from the data af dlsh.4rscment,at the Nate rate,a�d at tii�.r�Yioa of
<br /> �
<br /> • Lender,shal�be•€mmediateiy dne an@ payable. � `�:
<br /> � ?. Cot�denenatioa. The"pmce�'•s of�ny award or clalm for�damages. dir�ct ar ao�sequential, in ooanxtioa.{vith any .
<br /> condeinnatii�n or.otver taking a���t�t of tha property,or for coaveyanoe in piace of ca�r:i�ation.aTe.fiereby assignod and
<br /> ' � ahall be paid tn i�nder cn zhe eMeat of We full emount of tha iadebtedness tbat reasains utpaid w�der thc:i�iote aad this Secvrity .
<br /> ' � Tnstrument. I.endu sii;��G apply such proceeds to the reductlon of the i�ebtrd'�ss under the Note and th�s Savrity Instrumeat, �
<br /> • � fi�st to any definqae�c u°`-noun�s applied�in the order pmvided in paiagisp��3, and thtn to Pnepay�ent of principal. Any .
<br />- . apPlication of the praceeds W the principal s6all•not extea�d ot postpone the due date of the monilily payments,.which ere ,
<br /> - � ��4rtU�D � ��ra .
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