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<br /> 92_ 10012 3
<br /> 4,F1re,Flaod ond Olhcr HazurA lewu�nce• f!�►rmwcr s�ull inxurc all lmprovements nn the Property, whe[Ixr now in
<br /> existence or Rub�equendy croctod. +igui�.st nny hwanl►�rAwpfliay, end c��stiogencie�,including fire, for which Lendcr requires
<br /> - insurarxr. This insutan��e shull t+e miiintainc�! io�bn amnanta ynd fur Ihc perl�xls Ihnt Lcndcr reyairei. &►rrawer nhall Alui
<br /> ��,�,� insure nll impr�vemenis on Ihe Properly,whcttrer n��w in exir�tunwe or subr�cyucnlly erecleJ, aguia�t locti by fla�da to the extent
<br /> _= rcquiral by �he Secremry. All insunnce shull be carriad witl� cun�panieY uppn�vctil by Lender, The in�urnnce pollcies und uny _
<br /> �4 a•• renewalc slwll be held by Lender xnd t�ull includa lo�a puyabla ctauher in fuvor aP.wid in a farm acreptai+le ta.Lender.
<br /> -- - _ _-` . ? In Ihe event af locs. Bormwer e:hall give Lender immadiete n�tice by mail. Lender msiy make praof af lo�s if not made �.-
<br /> � promptly by Borrower. Each insuran�a rnmpany concemad i9 hereby uuthorized ancl directed to make puyment for such loss
<br /> --- directly to l,rnder, inctead of to Bonower wid to l.endar jaintly. I!!!ar any part of the insurance praceods may be applied by
<br /> ��-`� l,ender,ut ita optian,either(�►to Ihu roduction of th� indabludnews under Ihe Nnte and this Security Instrument, first to uny
<br /> -=:-`� delinquent emounts npplied in the orr.ler in parag►uph 3, and tNan to prepaymem of princiEwl.or(b)to the restoration or repair
<br /> - �--�`s�.,--�a_ af Ihe dwnagecl Pruperty. Any appG�;adon of tna proceeds tu the principal sh911 not extend or postpone the due date of the �
<br /> �,�, monthly payments which are referred to in paragraph 2,or chunge thG umount of such paymenta. Any excess insurnnce proceeds �
<br /> --����'� over an amount required to pay all cw�slunding indebtadnass under the Note and thi� Socurity Instrument shal!be paid to the
<br /> " __- v..-,�i��µ.�: entiry le�al ly entitled thercto. �"
<br /> �'�s��'� In thc event of foreclasure oP this Security l�trume�et ar ather transfer af tiUe tu the Property that extinguishes the �
<br /> -"�,�m.��.
<br /> '�-"_''-.�-_-r._� indebtedncss,all dght,thlc a�interext of BoROwo�in und ua insurance polfcies in farcc sheU pass to the purchaser.
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<br /> ,� �..,.� S. OccaPancY, PresewAdon, Mpintetmnce aad Protectton af t�e Pro Borro�ver's Loan Applieation; _.._.
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<br /> n r �„ I.easeheldg. Harrower shall occupy, eslablish. und u�e tlt� Propeny ac Borruwer's principal residence within sixty days a ter - -
<br /> �'"````,;,���'��� r �he exetutlon of this Security Inst�nt atxl shall cundnuo to occupy the Property uc Borrower's principal residence for at least __-
<br /> ^�.�����' ane yeiu after the date of occupunay, unlestis the Secretury detemtines this requirement will cause undue hurdship for Borrower, _
<br /> �.y�:.,' •. or unless extenuating circumstunGes exist which are beyund 8orrower'ti cantrol. &►rrower shulf notify L.enders of any
<br /> :�;_�,; ,�;;� '` extenuating ci�cumstunces.Borrower shull not rammi�w�a�ie or destroy,dams�ge or substantiolly chunge the Pruperty or nllow
<br /> _-- x�;�;;. ; thc PropeNy to dete�furute, reasonuble wca�r and taur exceptcd. I.ctuler nwy inspect thc Property if thc Property i�varant �r
<br /> --°T==:=` abandonod nr the loon iw in default. Lender muy �iiko r�uumuble ucli��n to pnncct uixl prc�ervc .urh vu��urn �►r uhrndon�wl `...,
<br /> -=3. ,�:
<br /> ='�a,s.;��n� Propeny. Barruwer shull aIM�Ixt tndef•rult if&im�wcr. Juring�he luun uppliru�ion pr�xe.s. guvc muleriull�•fulscor inuccuratc
<br /> - inli�mw►iun or �latementti a► L.�mirr Inr 1'uilal lu providu Lcndcr wilh any muteriul infurmutiun) in runnc�tion wi�h ihe losu�
<br /> '`�;`R'�•` J� eviJenced By �he Nme. mciudin�.bu� n�it iimiluJ �u, �upre;�:nta.inns cnnrc�tinr &�rru+Yer�S !]L'fU�BlN.'Y ��1'the Property as a
<br /> :�:•, . ..
<br /> principal ���Ide�uc. If thi+Securtt� lns�runxnt ix nn u IuuKh�dJ. &►rruwcr .rhull cnmply wNh �he pruvi�i�x►+ uf ttk Ic:usc. if
<br /> .�;:�,�"' . &►rcower cuquircu ii�e title tu tlus Pmpeny.tbu luus�:bul�l um! 1'ce tiUc shull ruu be merged unless l.ender ugrees to�he merger in
<br /> .�.�, „ . . ,,�•,', writing, _
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<br /> ?���1 6.Cha�es to Borrower and PraterNnn ot I.endur's itlghts In the Prnperty. 8orrower shull pay ull govcrnmental or
<br /> '�'�' � municipal churges, finec und fmpoziciom thu� ure no� included in par•rgraph 2. Borrower shall pay these oi+ligatiuns on time � _
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<br /> -�,�,�;;:... ... directly to tha entity whirh is owul thc puyment. If fiiilure to pay would adveruly aifect Lender's interest in�he Pro rt u n
<br /> ..++�Iiit�, �..=:�• L.ender's request Burrower shull promptty fumir�h tu Lendcr receipts evidencing thcse paymenis. �..
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<br /> ��;�-� '� If Borrower fails w mukc tlH:�e a memr�or�hn r�wments re uired b urn ru h 2,or fails to rform an o�her covenants ���
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<br /> ,;�;�;,,•.:r�;;�;'': und asreements comuined in ehis Security Ins�rument,or there is a Iegul p��xeeding thut muy significanUy uffect l.ender's rights _�:
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<br /> � �, :,,^4.�+,;,, � in the Property(such as a prtixec�ing in bankrup�cy. fur conJemnation or w enti�rce laws or regulations), then Lender mny do �,x
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<br /> .,.,,`�,R,,,��;)5,4sr, and pay whwever is necessAq� to protect the valua of the Prc�peny und Lender's rights in the Property, including payment o
<br /> :��:�,;r�;,:;;. . taues. haza�d insursince and utlicr i�ems mentioned in paragruph 2. -
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<br /> �'�:�����+�:t;•t;, Any um�unts disburs�i by I.enJcr undcr this puragraph shull Ixconu un additional debt uf Bormwcr and be secured by �ir,
<br /> ws� a���°- this Security Instrument. 77iutie•rnW�unts�hall bwr inlenest from the date��f disbursement, at Ihe Note rate.and at the option ot �
<br /> °�`: Lendc:r,shall be imn�eciiately Jue anJ payablo. ��
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<br /> �:��So- , 7.Condemnution. Tho prcxeeds ot'any awarJ or rlaim 1'or Jumuges, Jircct or cnnsequentisd. in connection with uny �
<br /> :,.;�., �'� condemnation or other taking of vny pun��f the Prnpeny,or f'or�timveyunce in pluce��f cundemnation,are hereby r+ssigned and
<br /> ��� � shall be paid to L.cnder tn ihu rxtem of�he full umount of thc indebadne+.thut rcmaim unp:�id under thc Notc und this Security ,
<br /> . � �:
<br /> Instrutnent.Lender xhull upply �uch pr�xceJ.ta Ihc reJuction ut'the inJeMeJne.rs under thr Nute and this Securiry Instrument, __
<br /> .,' �. � ` first ta any delinquent amnuntx upplieJ in thc urder pruvid�d in p•rragroph 3. •rnJ ihen lu prepayment of principal. Any �:
<br /> � �� ° upplic•rtion nf thc procecJs to tltc principul shull mx �xtenJ��r �xntpnnc ihc duc J•rte ��t' the monthly p•rymcnts, which Are
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