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<br /> �. L!�!�tl�lidpl,IaMti!n�t.u��'.l�t�Barrowrr sha41 p�y whesr due thc princip�l o�,and imerest on.the de6t .
<br /> , , evtdmeed by tbe Nate and G�e charja dat under tirr Nata , ..'
<br /> . <. Z.M�1�lflh�iea�Mrat�hwtMCe�i OIUer t�.Rorcowsc shall i�tclnde ia eish monWY PaY�b�ietlier xith ' � .
<br /> tl�e p�iorFpii��a��et fath In the Note and any.tue chatYes.aa instsUmimt o!snY(s)taxea and apedat issessexnts -`
<br /> �� . kvjed a to br�kvied-apima�tUe Propert�.(b)�p�yrmnts or QounQ rents aa the PcopeEty. and re)premiums[ot
<br /> . tanu�aot�'e4�ited Ul►P�r�nh 4. . .
<br /> � ' F�c6.mostitb►iaMaNme�at far itans(a).(b)�oc!(c)�hatl equat one•twelft�of the anewl amounts.as�easdhabty es�ace�by . . . � .
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<br /> � , l.eader.Pirs�e rowt attkfeqt ta m�iata�aa�icioed D�lance ot not mare tAan one-sixeb of thaatimated anwuncs.The '
<br /> ,. � t�fl�wl�fo<<a�le hem�It be aoeuawlaed by Lender�vltbia�petiod aidin�oee mwith beforc��tem woatd � . � �
<br /> � b�ca��.L�det fbW ha�d t�e a�t�caliected in trust to pRy itenis ta),(D)and tt)be[ore theyr 6ee6me deli�qumt.
<br /> • , � !t M�uq►t�e the totat ot the paymes�ti 6dd bg l.eadcz�[or iums(sj,(b).and(c�.to�afier w�itA the future mopthly pajrment's , � .
<br /> ,. . for wcb 3taas pya6ie to Lender prior to the due dates of snch itenr�,ai¢eeds Cy more tMn�ne-siatb the estiaisted�mount of � '
<br /> al�i�d ta O�Y wcb item�whra dae.and if paymeau on tbe�Nae uc c�ureat.thea Lenckr ahall either refund the
<br /> ` eao�t�rer ooe•sixth of the estjmated�pa�rm�tr,or credet the rxass over orte-aiath af ttte estirnued payments to subsequene
<br /> � ' ` paYmaets Iry Hotraw�er.tt the opiio�of BorroMer.If the Yotal of the�Efaya►ent:made hy Boiraxer for item(a),(b),or(c)is
<br /> �. � • im��ta qy tAe item wfieu dut.then Barroua sh�il psy to L.eadcr aay arnount necessuy to m�Ye trp the de�ictency oa or
<br /> � , befoee`tbe date tAe kem becomes due. . � .
<br /> - . � As iued in thi�Security Insut�maat,"SaTetuy"meaas tbe Secretary af Housinj and Urban Qevdopmrnt or his ar Der ' .
<br /> � ddip�ee:Most Seeurity instruments iusured by tUe Secreary ue insurtd under prouams�hic6 require advance payn�a�t oi the
<br /> • entlre aatt�e insurtrloe premiue�.Itthis S�curity Instr�ment is or wu insured under a proaram wrt�ch did nat requireadvance
<br /> , P�ymait oitIre eaUre mort�e insttra�e Dremlum.thsn ach monihlY WYmau shaU also indude dther:t?an instaIIment of!he .
<br /> . aonua!awrtp�e iasnrance premium to be paid by Lender to the Secrotary.or(ii)a montIily chuae instaid af a mort�ge_ �
<br /> � imuranoe premh�m,if thi�Security instrument is he[d by the Stcreary.Eech monthly instalhnmt of the most�e insurance •
<br /> ' ! �r�amitu�s�6s11 be in an araount wft"�ciept to sccvmulate ehe futi annual matpae iasarana premiuni wiith Lender otie month � � �
<br /> pr�ot ta tlse daRe tde fuU annusl mort�e insunace prrmium is due to the Secretary.ar if this Security Instrument is held by the • •
<br /> � , Socretuy;eacb mant6�y chu�e ahall be ir�an amount equal to one-twelfth of one-half percent of the ouutanding priacipal � .
<br /> babu�ce due on tbe Note. , '
<br /> �. If Borto�rer trndars to LenQer the fuU payment of all sums sr.curcd by t}�is Security Instrument,8orrawer's aecount shall be �
<br /> ' etedited�vtth the b�lance remainina for all instaIlmrnts far items(a), (b) and (c)and any mortgs�e insurance premium �
<br />' insWlmmt tl�t Lender hts noe bcrnme oblipted ta pay to the Secretary.and Leadcr shali pramptIy refund any excess funds tn '
<br /> Hotrwirer. imrt�edlately prior to a forectasure c�e af the Ptopotty or its acquisltian by Lender� Sonower's account shall be
<br /> ; creditod�vhh any balance remalni���Por sU instaifunents tor itrms(A?.(b)and(c!. �
<br /> � :'r
<br /> i 3.�o[ta�b.AI(p�ymmts unc�qr p�ra�aDhs 1 and 2 shail be applisd by Lender as faltawa: �.:.
<br /> .to the mortpre Insunnce premium to be pa�d by Lender ta the Secretary or to the monthly charEe by thr Serretary
<br /> Instesd o!the moathfy mott�e insurance premi::�,unless Bonawrr paid the entire mortgage insurance premium whon this '
<br /> _ ' Savdty Insttument Was si�eed; � .__._
<br /> - � - �,Ey�.tv ury t�s.a�at�.ss�m�is.ie�iold payments or ground rents.and Gre.Qaod an�w�.*+tr Aazatd ins�ttance s;��;=
<br /> . premtutw.as tequireQ; � . ::;f�+ r-
<br /> . IH(l�.to interest due uader the Note:
<br /> ' , URTH, to�amartizatlon ol the p�inci�!of the Note: -
<br /> � ` $$$.to bu chu�a due undec r�se Note. �
<br /> � , • �:.�.;'
<br /> � 4.Ft�e.�'�ea�tN 01Yer H�sN f�nr�ce.B��ra�er sfiall insure all impravements on the Property.�fzether naw in e�istence `-:
<br /> or sub�equrntty aected.apinst any�^,uuds,cas�.ies,and contingencies.including�re.for whlch L.cst�tr rcquires insurance. �'�;
<br />, ' This insutance shall Se maintaine�G r,�the amounts and for th:perlats that Lender requires. 8orrawer ah�ll�Iso insure all • —
<br /> ' ifiptovementa on/he Property,whrcher now in e�cistertce or r„�r„quentty erec[rA,against loss by itnods to!he e�ctrnt requirea by
<br /> ' • the Secretary.At}insurslue shal!be carried wI�h cnmpanies apprnved by l.ender.TRe insutance palici�s und any renew�ls sh�ll
<br /> , be held by Lender and.si�all inciude losy payabtc:Isuscs in favor oi.and in a forn�acceptabte to, l.en•�et. �;
<br /> � . ln the evrne of(oss,8orroMet ahtll�ive[.endec�mMixte noifcC by mail.Lendet may matce proof ot[���::s it noc made prompi- ' � .
<br /> � ty by Horrower.Eacb insuru�ce campany conceres�is hereby authoriud and dirccted to m�te paymcr;.��ar auch foas direcsty to .
<br /> � l�ender.iastad of to Borrower�nd to l.ender joi�tly.Al!or any part of the insurance proceeds may br aDDticd by tender.at its � ' `
<br /> ' ` option.either(a)to t6e reduction ot the inde�cednw under the Ftote ond this Security lnsisurr�ent, first to any Qelirt�urne �
<br /> � amounts applied in the order in P�nytph 3,a^r.�then to prepaymrnt of principal.or(b)to the res:�xation c�r repair of the •
<br /> (� d�ed property.Any appllcation ot the proc�:3 to the princip�!�hall not e�certd or postpnne t::e Cu�date of Ihe monthly `!�'�
<br /> ? psyments Mhictt are retened to in Para�raph 2,a=cl�ange the amount of such payments.Aoy eacess i���a:zce proceeds ovet an ,;�.��
<br /> • amount requlted to pay all outstandEq�andebtcdnrss under the Note and thls 5ecuricy Instrument�haJ1�e�aid to�he entity tegal- ''f
<br /> ty eetitled theteto. .
<br /> ; In the evr��t ot foreclowte of this 5ecurity Instrument or other transfer oP tittc to the Property thvt extinguishes the in�
<br /> de6ledna�,alt at�ht.titk and intetat of Borrowes in and to insurance poliries in force ah�tf pass to the putcAaser. '
<br /> . . -- - -- --�--�---.. ._._._. ._ _..._ .. . .......... ..._.. _ ... .---. . _. -- -.. ..... . ._ . _. . .
<br /> � � S. rtrervitlM u�i MiipikiMCe o/Ite ho�erty. l,erdt�oN�, 8�rrower sha!! not commit wastc or datroy. dunaae or
<br /> • � aubstantialiy chan�e the Property or t11ow the property to deteriorate,rraQOnable v►ar and tear exrrpted.I.ender may inspcct
<br /> . . , th�propetty il the pro�etty i�vacant ar�b�ndoatd or�he doan is in default.1.enCtr may taYe rt�s+mnblt action to protcct and
<br /> ! preservesuch vacat►t nr abu�dorxd propetty. If�his 5ccurity Instrument i�on a teasehala,llotwwer shall rnmply wltb the provi-
<br /> � sions of the kate.lt Sotrower acquira fee.title to thr Property.the l�uehotd and fee titte�hall nut be merged unless Lender ..
<br /> ; qrrsa to the mer�er in wriUnf. .
<br /> f •
<br /> • i.CVt*a t�Mrrower aN!'rott�etb�o!l,eNer•�Rl�Yb le tlie Prooerty.Borrvwer sh�l)D1Y+��6�Ytrnmcnlat ut mut�'scipat
<br /> ct�ar�b.tlees w�d tmpasidons that are not included in Paragr�ph 2.Eiottnwet 6h�1)pay these obligations m�tia�e directly tv Ihe
<br /> ' eeUty whkh is owe�the psyment.If tallure to pay woutd advetuly affect larnder's interai in che Property.-upon Lender's re
<br /> qtkst Borrower sh�ll prompUy fumisb to Lender receipts eviQencing�hesr p�yments. '
<br />,. , If Borto�er fails to�tt ther,,e payments or the paymfnts rec�uired by ParAgc�;�2,or feilv tu pett�rm any ofhrr cnvenanis and
<br /> ' �reemrnts contained t�shis 5ecuriry Instrumtnt.or there is a leg�l pro�etdin�that m�y signitIcantly atfect 1.etufePs rights.in `
<br /> the Properiy(such as�proeeedia�ira bankrvpfcy,tor cundemnation ur ro enf�rce taws or regulaiions►,theo l.onder may Qo anA ,
<br /> __ .-- --- p�y W�iiCYlt IS i1tfG15*t5'to plS7tcC�C7fe Valueaf the ProperiY att�lrndtt'c:iahta�in th�Vt!+pt#y.[tit�1l�l�Ig�+?ymeLl tti t3Sis. �
<br /> haurd�nsurance oad qiher itca�y menflane0 ini t'aragraph 2. :
<br /> My amounts disbursed by tenQa undu this'i'uaaraph sh�ll becomr ao additional deb:af[3utrower anq br�ecuredby thit ' !
<br /> . Security Instrument. These�tnouats shall btu interest fr�m the date oi Aisbursemene,at the Note rate,and at thr upuun uf
<br /> l.�adet.sh�l!be lmmediatety due and��yable. � '
<br /> � 7.(��ttwsfiflui.'fi�ee proeeeds of any award or ct�irn tor damages.elirect or ranseyaential.in cannecuon w,ih any co��cirm- „
<br /> nacia�ar oWer exking of uiy par�of�he Propeny.ur Cor convey�nce in piace ot ru;�demnatinn,are hereby assrgtted a[nd shaU he
<br /> , paid tb L.ender to�he e�tent of tQs tull amouw of the indebtrdness�hat«mains un��c!under che Na�c u�:d ihis Sec:uiay 1»�uu•
<br />_ . . mmt.t�nCet s#�aU apply such proteeds tu ihe'teduclion of theindebttslness undea the Notr anc!this S��sricy t�ctsurne:it;fir�t tn
<br /> .any d�linqaeo!amounts aDplfrd'm theorder pravided in Paragrnph 3..and then to prepaYmcnt oiprincipal.Any sprti�atron of
<br /> the proceeds t� �he prfacipal shal9 nqi c.ttand or dostpone �he due datt n/tl�e mc�nthly payments. whi.h art refrrrcd tr���� t•'
<br /> Partjreph Z�;ar change the snwum�f such dayrreats.Any exces;praceeds c�tier an amount reyuired te�pay all E•uc+taudin4�n �
<br /> debiedness under Ihe No�r arid this 5ecurity (astrurrent shal{be p�id tu the cntity Ie�allr eutiticd a.'�cretu.
<br /> , �.�ret�.Lendet may_ollect fccs and chargQS authosi�ed by thc Scere:a�y. �
<br />` f'akP Z nt♦
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