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<br /> .— = - --�s� 1. wbe�l�tue q10 n�l of.and iateiest oa. ----
<br /> p�qr�t d PH�ei�l�l�ta+pit�ad Lde Ch�r'�e. Bamawer�b�ll iwy Pd
<br /> the deb evfik�oe�d by tAe Nae�nd 1�1e ch�rgai duo uadar�ho Note.
<br /> 1 Mo�tM�/�J�b o1'Uurca►ia�arance a�d Olbee Cb�r�a. Barnwa sA81 includo in each momhly P�Y�
<br /> - cogoNia wltb u�e pincipd ma 4ueront�ut set rorin in�he Nae M any late cbv�es.an lnsl+�llment of�ny(a)ta�ces ad
<br /> - --- specid waWtnznts kwlr+id ar to be lovfed��inct�he Propaty.(b1le�celwW psyment�or�round�eMs an the Pmpaty.aed �---
<br /> (c)promiumt for b�wr�noa iecNi�d af'�&�Ph 4.
<br /> =<��- _�� Gch manthly imAdlmaN for itema(a)�(b) and (c)cMll equN ooe-twelilh of tha Annual wnoums.�s reasoesbly �
<br /> yJ. - � artlm�ted by L�dar. us m �mowq sufficiant to ma+�tain w► addi�iorwl balwtiro af no1 �ore thun one•sizth of ihe
<br /> . eaim�ted�mount�. �full an�w�l�mouat for e+icb item �11 be accumul�tod by Lender within�period ending ana
<br /> month befone An item would bor�xne delinqueM. Lender�11 hold Ihe amouolc callected ia ww to{wy itanr(a).(b)and
<br /> cc)betore u�ey become de�niyuent. --
<br /> It�t aoy dme Ihe tanl of Ihe pwyaienta held by Lende�for ltcros(A).(b)pnd(c),tage�l�er wlth�he futwe monthly
<br /> _ __ q�t�a►ts ior wch item� p�yable to Lrender prior ta tha due detes of Auch ltems,oxceeds by mone tban arc-sixth the
<br />_-�-- �ed rnaunc of pryman�roquirod copay such i�ems wpen due,nad if p�yments an 1'tw Nac•rro cwrcnl.then Lender
<br /> sWiU ejti�ar�efwd Ihe excesr ovet a�e-six�h of the ostimaa4 PaYments ar e�di�ihe excess over one-sixth af tiic e�limated
<br /> �h
<br /> _,.h�- _- a subcal�P�Y��by Barowe�:�rt�he aption of Boeowe�. If tha tawl oi'thc p�ymenta mado E�r 9arower �--
<br /> �h
<br /> --— a itaa(a).(b).or(c)i�insuflicient to pay thc item whea due,then Barower shall pay w Lender any annwu aoces�y w
<br />`"+ m�to�e rp�hc deticicncy en orl�cfae ihc d�te tlie item baY►tnes due. ----
<br /> =` As ucod in thla Socurity Insnument."Sasetuy"meana the SecRtary oP Flousing and Urbaa Derelopnent or his ar heir _
<br />;;," •'ti'' � daig�i. in any yeu ln which�h Lender mustpay A monge�e incur*nce prcmium w i1�e Secrct�r,rw:h momhlY P�Y� __-
<br /> _' .i.t,e},f" sboll I�Ibco include dll�: li)ao it�U11m�M of the nn�ual rtw�tg�ge insu�neo poemlum taw b►: peid by Lender w the i_
<br /> v�.�.4xx{:��; Sacnd�ry.a�(ti)a mo��hly chuge iastead of a a�aAgege insurance premium if ihdx See��q•1�wume�t ic hdd by the [�:.,_
<br /> � Suaetary. E�ch ntontltly lnstallmrmt af tfir m�ttgagc ineur�nce p�rrnEum•he!!h.ire y��,�,•u r���'ficient�a aecumulate�he 6'�;.,:-
<br />:�?;��� . full annuol mo�tgage dnsuronce p�+en�iaem with l.ender one month pricx to the date the !u9! ucucua! mongage insurance �,.
<br /> --_ �:�'; � pertdum i�due w the Sxnaary:or if a9us Security Inraument is trcld by the Secretary.eACh monthly charge slwll be in an ""`
<br /> r`'p..:
<br /> y�, , �mount equal to one-twelfth of one-had�F aeer�c�tnt of�he outstanding principal balance due on the Nc�te.
<br /> j� '°.- If Bortuwer tenders to Lender tise ia�9 paNment of all sums securod by lhia Security Irwrument.Bc�m►werls account �Y:_
<br /> u ��^�•. � sfu�l be crcdlted wlth the balance �ernaining�or�1i inswllmenta for items(a).lb1 and(c) and any mart�;age incurwue �_
<br /> " �7� K'.�.i'f. '.�S
<br /> _ � p�emium instaliment thu Lender has nat become�n5ligated to pay to the Secrctary.and l.cndcr aiwll prampdy�efund an r�ti:•
<br /> =_, �.:�.,r '' �r�':;r ex�xss funds w Borto w e r. I m m e d i a t e Ry pricsr 1a a fonclasure sale of thc P ro p e r t y or its ac qui.�uiun by Lender.Barowet�
<br /> ` .'!4'�?l�„ft� aaaount�Iwll 6e crodited wi�h any Hwla�r+ce temaining for all installments for items(a).(b)end f�r►. �°
<br /> . ��V!' Sr ':'`-
<br /> ', r,;,;., ,,, �,.�r:+ 3. A d P�ymenfa A0�paymentc under PAragrap7�s!and 2 shall be applied by Lender as follows: -_
<br /> � �'�'���iy .to Ihe matgage insuraaoe premiurn to be paid by l.ender to the Sxretiuy or to�he maNhly chwge by the =�:
<br /> ,` �`��'�' Se_c��netar�uisterd of the monihly mo,tgage insurance p�mium;
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<br /> a:��.ci Yi�;` �lP,d�lQ.to any twces,spxia!aqaeasmaMs,lex-�ehold payme�Ns or�round�n�s,and 6rc.fload and a�9ce�hp��rd ,�� i.:
<br /> =- - - ��.�.x�nemiwns,asr�equi�+ed:
<br /> ,; �','t�`�.1i;�r�t=i y3j�Q.ro intercst due wider Qtie �
<br /> °"C� ,1y �•'°� l��u: r�
<br />::'�; � t�{�.,(�y#f,i,•��t��, ,to iunoN�tlon of thr�r'uu9pal of thc Nwe; ^
<br /> t� �q �,w late ehatges due undea�t"ae NcVe.
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<br /> .,q J��,�.L- t`�` � � � q. F1tre,M1ood�nd Olher Hw�r(]lnsurAnce� Borrower shall insurc all improvemen�s on thc i'rope�p,whether now �:_
<br /> �` in�*iarnre.�a�d�uentW erccted,aueinst any hazands.ca�ualties, and continptencies,inCluding firt.tur vfiirh Let�der
<br /> --.����.�+�:°•�►�.i�r�� �q Borrower `� -
<br /> '� uircs insurance. '1'�is insuran�e sl�al�be maintained in the amounts and for the periodx��a Lr�uler requirc�. it�,
<br />' ���•x�•:• '� shWl dso insure WI improvemeMs on�8�r Property.whether now in existenee ur subsequenUy tic,acted,agai��eclass by Qa�cJs _--s
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<br />- ,-��,.,�,yS,�•;•.,G, to the extent requircd by tha Secat:w'}. All insurence shull 6e carried wi�h campanies appnfl.,�ed by Lender. 'ibe in:urarrce �;,
<br /> - ��'�' �� ••�I "��'„�F '�.�' policies and any renowwls shall be 9�rld by l.ender and shull include loss puyable cleu�ex in favor of, aatd in a form ,�;;
<br />. ,; f eocepabie to.Lender. �'�.•
<br /> •��,�tin ' .r . In ttie event of loss, 8tixrower stiall give l.ender fmmediate natice by ro�ail. Le�r rnay mnke pnruE�jr toss it not �?,s..
<br /> .T.: " made promptly by BorrowPr. �urh insurnna campuny concemed Is hereby auPhu-i�ed and dlrected to makz payment Por �
<br /> , � �' ` =,r'� � such loss direcUy to L.ender,insteac�of to Borrower and to Lende�jointly. All or any part of the insw�nce proceeds may be �.�
<br /> -- `=`���!` ,`M„--�•. app lied by Lender.at its opi�o�,ei�ther(a)to the reduction of�hr ieuie�btedness under the Na�e and this Security Inslrument, __
<br />-_' �`�;".��, r fust W any delinquenl emounts aFplied in the order in Psuug�upC� and then to prepayment of principal. or(b)to the ��::•
<br /> `,= ,;,t;�,�,. , ,� '�' �estoration or apau of tha damaged property. Any opplication a��the proceeds lo the principal shall not eatend ar postpone �,�
<br /> � �"-: Uie due date of the m�on�hly payments which nrc ref�YrsJ ta iro 6'uragrnph 2,or change the wnount of such px2rmems. Any
<br /> -=, i ;::. ..: '�
<br />-��� •� � .���;:� eacess iosurance pra:tiecL+over an ennount requirtcl to pay a19 cwiv�nnding indebteJnexs under the Note aMi ehis Security 'r
<br /> nn
<br /> •��' "��t :.;��Y'� '� In�tnunent sh�ll be puid to�he emit �:��70y entitled IA��ca
<br /> ' _ ' �"''�, ,f�,;7:• In 1 h e even t o f forec losure a�e tuis S e c u ri t y I n s t r u m e n t o r o�cz.7 transfer of�idc�o the i'cc+p�rt y Ihat extin guixhex 1lse -_.
<br />':"' ' �="� v".'��%�'; � indebtodness,all r�gh�,dtle and int�rrsc o�f$orrower in and to insur;uKe policies in force shal9�a<s to the purchaser.
<br /> .,,..��.'•"� � �� `:�
<br /> S, O�cupancy, Preservatlon. A�l�lntenance and Protectian ot lhe Property: Botrower's Loan Applkallots:
<br /> -,� , .";>'•;., n��ti
<br /> .�. t..:}',F, � .;•�;y LeasehoWs, Borr�ower sh�ll accupy,esablish,nnd use the Propeny ax Borrower;principal resiJence wi�hin slxtX dayw a• ._.
<br /> ofler the execution of�hi�Securit Inxtn�ment and�hull cantinue ta occu the Pm rt cuc Bormwer's riix:i residence `"`'-
<br /> • y PY Pe Y P P� !_:�•.
<br /> �` far as lesst om yeer after th�•�����f nr�opnnry.unleQe ihc Secrriaty deicrniines this rcquircment will cause undue hordship
<br />"''�` ��`"a.�-,'7 for 8orrower,nr unless extenuwing circu�stances exist whi�h .:ue beyond Born�wer. control. Borrower shall not�ty �-.
<br />`':'N '� ✓� �'' l.enders of any extenuuling circumslnnees. Borrower+hull noa c+�a�mN waste or de+trc►y,damagc or subxluntiully ehsan�e• ._V
<br /> zj;'�,,�g,..,
<br />;:�;`, ,��' ,1�,�;,,;, " •'�' the Property or allow the Prupeny to detrrn�rule,reu�onuble weut anJ tcut cxceptcd. l.enJcr mvy m��:t the Propeny if Ihr -_:
<br /> ��t�i,,;,,,?s�ry,,,, ,�� PropeKy is vacant or abandoned or�he loan is in deFuuU. Lender may t;�kc rci�zn:�al�Ic nction io protert aawl preserve such �;,;:
<br /> :�,•��•.,�:���y,ir�rs� � vacnM nr ahandoned PropeRy. B�wrr�hull alu►Mc in defnult if Barrow•er.cM,:�rin� thc loan applicalw�►a proceys.Ruve =
<br /> ,.,,� . ;�.,�„t� ��� -
<br /> '.' , �. },y,x,•. ,�S�rp.. muterially fsdse or iauccurnte mfortnntion or ,tatemem. �n Lender (��r tailrcr �u provide Lender wi�h ony mate�ial
<br />�.�;"� ��'�-•°'''� ' "'" information)in connection with the loan evidencrd by the Nutr. i�+:9uding,bu�n�a limiied a��,n:prc.en�utinns concemin� _
<br /> � ��;�.;-��,'•:.',��'�,;:?1
<br /> �+�+ ;,; Bormwerk occu su�c of the Pm e u.a rinri ul n�idenrr. lii�hi� Secu�ii� Mswmrn�i.ui►a leur;ehold.B��w�r.naaa
<br /> ;� � � yi �..�r,.�,�.,t P: cy � y P P
<br />� "' p,�+ ,s.�. ,tA1:::�,f� ; comply with the provisions of the lea�. II'Bom►wrr aryuirc.l'e�•ti�k�u�Fk Pr+�wny.�hr Iru.ch��ld und fec tiUe xhull n.� •
<br />_,• . ,�,�;i�:�•,?�R.T';';';.: be mer ed unless Leat:cr a n.c+lo thc mcr �r in wnlin '•�
<br /> �,�,;., B F ' • S' F• � ���'�
<br /> j'� � � � < < ��� 6. Cha es to�orTOwer�nd P�otectlon oP I.ender s Ri�hts in ttie Propeny. BuR��wcr.hall pa� all govemmental ;;_•�;
<br /> �•�,.. .:',, . . ;. �
<br />_ � ',.� �,•, ,;i;M� or ownicipnl chuges.tin�s und imrovition+tlwt arc not inrludc�l in I'ur��ruph 2. Bom�wrr.h•rll ps�y the.�oi►lig•rlion�on ')�;��:
<br />_ �.t;•.;,'� time dA�cUy lo the entity which i.�.*xed the paymcu�. If 1'aa¢raeir tu puy woutd aJvrncl� �Ifrr� Lrndcr: in�ene.� io�irr
<br /> ' 1 ' ' :yy;`..:;= Propeurtpr,u,pon Lender's rt�yur��8�.wr��4 wr�hull pn�mpd} furni.ln a�•Lrnder rcreipl.rviJcarin�;�hr.e pu�mrn�.. ..
<br /> � �,.'.�:.�: Ui kiaxrower f�ils to muke tirrx•e �a)'ment.c+r�ho p•r�mrnt� rcyuired by Rarugruph 2. ur fail, ��� pedorm :ui} utttra�
<br />-- '��:^-�:.�•.::1'�f �� mvenana and cuxaemrnts canwincd m thi.S�xu�eH In.�rument,ur Iherc i.a legul pnxreJing�hnt muy.�gnifir�ntlp •rffcYt
<br /> , --i �. -+icl� - L,ender s rights in�hr Properly l+uch u.u pn►.r��1Mg in bunkruptcy. fur condemnati��n ur tu enFarcr law.ur re�ul:u�nn.), .
<br /> (�; •.,. �.�y'� U�en L.ender may dnaaid p�y w�hutevcr i�neceti.aq �o protect�he value ol'thc Pru�n�•��xt Lrndrr:�i�h�.in ihr PnTen}•.
<br /> � ' •� �E';�j'r•:,, including paymeM nf tweex,hocard intiuranre und othcr uem�mentioned in Puragr�ph_.
<br /> � .:;l�k�;;;'.�; Any omounts disburaed by Leixler undcr thi.Fa�a•�•rph+hall tkcomc vn aJJi�ianul JctN uf Burn�w•rr unJ�x.�wurcJ
<br /> .. '''. .. • ,�'r`" by this Securily Insuument. 'tlrc�e nmount.shull brur�rNereu from thc J�te nf Ji�twr+ement.ut tln Notr ratr. :md a�ihe
<br /> �,�'.,.,����,•;i nption of l.ender.�aEl be immedl�tely due and puyahle.
<br /> ' ' ' �� 7, Caoie�3nn. 71�e procreJ�of any awsud ur cl�im fix J�mage..dirert�comeyuemiul,in c«rxtiti�m a i�h am
<br /> � �� �'•_� �•. candenuuraon or adar�akinF of uny part of the Propeny.or fiit ranvey�ncr in�t�ue ot c��lrmna�uxi.ur hereb�a..��ned
<br /> �, an�shaU f�e pvid to Leiuler tu Iik exten�ul'Ihc full�m af�Fo���btrdnz.��M�t recnnn.anpr�J u�a�er�P�r;��rt��.!th�� '
<br /> ' . , � �. Sec�iuy�mar�men�. L.ender shuU apply+uch p�oceed�to tl'�r�t�t�R��.i i{'x�ndehtr�tRe�..uruirr�he;���x.;YU!ihc�5�.-.uni}
<br /> ' '` �� � ,.�r� I�trtarxnt, fir�t to any delinquen��+moums ��ued ia �he ur�r proviJrJ in Puragruph z.m�d thrn ta prcp•r}rrknl uf
<br /> �� •� p�h�• �Y �PPIicaUOn d'Ihe praceed» �°'�u pcin�ipal �hull rrot exKnd or po+tpunr Um Jue Ju�e of�hr munthly
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