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<br /> . � r •:. . - . . � . .. . .- .. ---- �
<br /> - _ �-`;"__' . :� _ _-'_.- �ti_�_= ''..__- c . � ._.. r-.,. ,.. .,� . . � ` . , � �.��-_-.___ " ._. -__. _ _—'
<br /> 2_ ��.a140� .
<br /> � - - � . � . Bormwer sI�all�insure a!!im rove.nen�n t5e Pr ny.w6ether raw in
<br /> A.F4+e,Elood a�!Ot1kt Hs�e+d Ia�aece P PRe _
<br /> ezistence ot subsequcntty erected.against any ha�ards.cas�atqes.�nd contingen�ties.�inciuding fire,for wfiichd.endcs�equires
<br /> inseitnnce. Th'is in.�uranc�e shalt b� maintaincd in the anxwnt�aid for the periads that Lender r�quir�rs. BarroKCr s6a11 ats�
<br /> insurc ati improve�efits on the Pt�iperty.wlfetRcr txsw in�xiste�xe or stebsequc.ntiy erected.agaia+t Ii�ss by 11u�xis ta thi rxtcnt
<br /> - t��i[�_b�r�he Secret�r�;.Al!insurarpet shatl be rarriod with companies approved hy Lender.The insurancc pdiieies at�any
<br /> tenew�als shaN be i�ela by t.ender and�shal!incWde loss payabte ctauses in favor of.and in a!'iirm acceptat�le tt�.Le��r.---� �---�
<br /> v [n tfi�e evtne of loss.8orrower shalt give lender immediate iiotibe�by mail. Lender m�y make proo�vf ioss if not ivade -v J J_�v'
<br /> --- �p��Y bY Botrower. F.aeh insurance companY concerned is bereby authoriud and directed to m�ke payment fnr svch toss ___ T _---
<br /> directtjr to Lettder,instead of ta BoFrower_and to Lenderloindy:All or any part nf the insurancc prac�eeds may be applied by —_- __-
<br />- - — t�r�eler.at its agtion,eit6er(a)to the reduction of the indebtedness uader the Note and�this Security,inswment.first to any __
<br /> - detinquent amaents appiiod in ttie order in puagraph 3.and then to prepayment.of priacipal,.or(b)to the restnration or repa9r_ _ _ _
<br />�� of ttie damaged Pmpterty.Any application of the proceeds to the principat sh�tl nc�t e�uend ur gostgone the due date of the _�=.y.
<br /> �monthlY paYmer�wh"rch are referre�ta in paragraph 2.or change the amoum oF sucfi paymenu.Arry excess insurance proceeds - ------=_
<br /> i avea.aa amoant tequIred to pay alI ouE3tanding in,�iebtedness ander.the l�tote and this Secutity Iustntment shall Ue paid to the —__ - �
<br /> _ � �eauty tegalty enGtled theneco. ' � _ ^ --___--___
<br /> � In the eveat of forectosure a8 this Security Instrumenc or other transfer of.title to the Property that extingoisfies the t,..,
<br />. �'t ! , indebtedness.all dght,ride and iaterest uf.Borrower in and to insutanoe policiec in force shalt pass ta,the purchaser, .
<br /> e , . . �_ ---_
<br /> �:• � s. ,00c�p�acy, rraava�ioa, nrainteususce ti►a Peoeectiou ur citr Property; Borro�res's l�oaa ApplicatEnn; :�a,�
<br /> � � � �:i,eaSeaolds. Bomow�er st►all occupy.esqblish.and use the Propeity as Bornawer s principa!residence wi[hin sixty dap5:al�r °.�;;•.:�_
<br /> � - the exeeudon of this Se�ritq,inmament and shall ccs�stinue to occupy the Property�s Borrower's principal residence t'nr at�€�s[ -'"�""
<br /> " ' one year after the date of adcupancy,unless the Secr�.ry�determines this reqoirement wil}catise undue hardship for Borra�ver. � .
<br /> - �'= ' '���� ar unless catertuating cirriimstances eaist which are beyond Borrowers control. Baaower shall notify L.enders of azry - -
<br /> -` � �,:�- • � R extenuatirtg eiti�tsnstatices:Borrower sha11 not commit waste or desttoy:damage or su6stantiatly change the Property�araltow T - __
<br /> } ",�;-- •.�.�.,�;-.:. .
<br /> ;?�` ;,�Z3.�:: ( the Propecty r+i deteriorate. reasonable we�ar and tear excepted_ Lender may inspect the Property if thc Pca�erty is vacant or z t _
<br /> �;,� : '=�.`�:�:�.��:,'� I � a6andaned�ci*..dte loan is in default. L.ender may tatce rzasonabte action to pmtect an d preserve suc h.vacatt�or a ban don e d =, y";_
<br /> k` � Property.8arrawer sha[i atso be in defauIt if Borrower.durins t�e:ls�an applicatian`process.gave materia[I._v- -��r inaccurate �'"
<br /> .'�, �j '�;# � • infora�atian c�statemenu to Lendeir(at Pailed to provide I.cnd�.�i�any material informatin�)in rormec�on witi�ttce[oan _---
<br /> ��.�'-�,�� . - • av3deneed 6}�:�Note: including.b:�-�cazi limited to, represert�:rs.canceming Borrowec's uCcupancy of tlie Propectg.as a . `� -
<br /> '� �.y'��" - principal res:wenee:If cbis Security ira:rument is an a leasehoid. Bc�awer shaQ camply with the pravisions of the iease_ 1f ,} �,��.. _
<br /> , - ,�.� . _.
<br /> �� � ,,� Borrawet acqc�ires fee titl��s the Property,the leasehald and fee tic�e s�all not L*e merged unl�ss Lender agrees to the merger in z�,S,;=
<br /> �!a'• ��' writing. �,,.
<br /> 'Mi.."�-,�':_" `'_ . . . � .i � .
<br /> .:_7?':�?.We:r-r±,�. . . - � . . � . � �t:{: `-
<br /> i:��,._ . ' 6.C[�uge5 to Bosrower and I'rotectian ot Lender's Ri�in the Property.Borrower shall pay all go��emme�l or I!' .
<br /> � municipal charges. Gnes and impositions that are nat included in �aragrapb 2..Barrower shall pay�hese obligztions an time . � �' °
<br /> ""�t� �` � dlrectly to the entity which is owed the payment. lf failare to pay woqld adversely affect Lender s interest in the Property,upon � '! ' '•
<br /> ' ' j;: j.
<br /> �: ` � !
<br /> •.,,�����_. ; .� � l.ender's request Borrower shall promptly fumish to Ixr.der receip[.s evidencing these payments. : �;: ' �
<br /> , .: >.;,. ;; . _
<br /> , � � '
<br /> �` , P3 P Y � Y P S P Pe Y �� .
<br /> _;`�':;'_.� • •. • # lf Bomswcr fails ta make these aments or the a ments r ai;�t b ara ra h 2,or faits to rform an other co�•ec�ants
<br /> �=�{ =. .: � .
<br /> �,:,�,��r;f�,;'. � and agreements contained in this Securics IF,.strument.or there i.�:a I+�t proceedir�that may�eenificantly affect Lender s rights : ; _
<br /> �':`�F�-"`�?�"'� � in tAs Property(yuch as a praceeding i�E�nkruptcy�, for c��r.dem.eat:o,er�o eafcr.x taws or regulations),then I.ender may da ` ;�°,
<br /> . and pay whatever i�necessary ta protect the value of�6te Property and t.�nder's r;hts in the Properry. irtctading payment of ` •
<br /> �''�.• • taxes.hazard insurance and other items mentioned in R»r<�ra�h 2. F` ' i;` ' ..�
<br /> .,_ :,..., : . ;.,.-
<br /> ' ' ' },:
<br /> '� ;�� ::. An},�nountw di.rburred by l.cnder under thiti paragraph shali become an additional debl of&�rr�aer and be securccl by , 1; �.�. -
<br /> �+.�� • •, thts 5ecuriry lnstrument.Thesc amaunts shall bcar interest from ihe�late of di�bursemcnl.at the Note rate.:u�i at the optiun of � �" `T-� •
<br /> .�'��.�': = , Lender.sha116e immediatcly due and payable. , � � . 1i ���=`�
<br /> , � . �� ; .�,..
<br /> ���,�� � � 7. �aedemns�Nan. The ptoeeeda c:'any award or claim fcr damages, dirccl or conlec(uertial, in connectian with any ' :�_ ,
<br />. -_ , � I
<br /> conclemnatian or other taking of any part yf the Propeny.ur for urn��eyance in place ut'condc�nn,ction,are hereby assigned and � �
<br /> � ! tih�ll be p�id to Lencler tu the extent uf the full amount of the indebtedness that rcmain.r unpaid undcr the Ivote and this Security , '
<br /> • ' � lnstrument. txnder shaft apply tiucb proceed�tu thc rcductian oP.thc indcbtcdnesti undcr the ti�,te and this Security lnstrumcnt,
<br /> . � ,
<br /> . ftnt to any dclinqucnt amaunts appliccl in thc ardcr pr�widcd in �aragraph 3. :u�d thcn tu prcpaymcnt of principal. Any i •
<br />' '°.'' applicatioa ot thc prncccds ta thc principal �hall not cxtcnd ur���tponc thc�iuc datc of thc mon�hty payments, which aro �
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