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<br /> . EacA�rwr+thy inatatni�►t tor�ems(a).(b).and(c)at�af aqu�t ane�t�e1RA of trie annuat amounts.aa reaso
<br /> . b}�L�nc1�r..pius�r►a�r�ount aufltcknt to rt�ahL�h en addlttonat 6iLncs of oat mcre than one-s6dt�ot Ne estimated amounta.
<br /> ' Th�fu�arxu�l�nax�t tor each ite�m shd be aceumutated Dy lenda�wRhln s pedor!endn9 orte�no�rth betore an item wouid
<br /> � 6eoant drinquant lander sha�hoid tAe amounts eWxted in W¢t to pay itans(a). N?.and(e)itdore they become de6�tquenl. -
<br /> -. �_. � ll.�t any tim�t Me tai�l�the payments held by Lendsr tar��ma{aj,{b).and{c}.•tegether�fth the fuWr�t�tf�ty pay�nts
<br /> tor stkh&etrrs Day�bt�to le�der prior to fhe due Mtes of auch Rame.exceeda by more than one-sGdh tAe esft�nated amount
<br /> ` �WY�u nQ�+hsd to pty sucA Rans when du�.u►d if payrnents as the Note are currai�then lender sh�f1 either refund � `
<br /> th�eocass ovr ont:bdh ot th�eatirtyted payments w cred!the eueesa ovar onasiidb ot the estimated pannents to subsequent
<br /> . � wr�•�7r eurtowa.u u,.opUo�a eonow� �r th.tofa!of rhe p.yments made�,►9«m,�►�ra nem cs�• ro�.�c�
<br /> Es i�qulfdw+t to py the kwn when du�.tben Boaower ahd pay to lecider any amount necessuy to mske up the defidency �
<br /> on a ts�fore ths dW the kan bccort�es due . .
<br /> /is us�d irt tMs Seasrlhl tnshumen�`Saaetery'me�ns the Searetacy ot Houain�and Ur6an Development or his or her
<br /> cl�siqrrW. Most S�cuity Inat�uments insured Oy the Seixetary ars hsured under pro�ram�which require advance paymertE af
<br /> , ' t6�e�rHn mort�ina�umcs prarNum. If thts Seqirily Inatrument is ar wu hsured under a�program whkA�d not�equise .
<br /> . Wr1nt�payment d th�wi6r�mortgass fnsur�ncs prerNum.then aeh monlhy payrnant shaA aisa lnc�de ath�r.(�an hst�&r�ent .
<br /> oi the arwuwt mat�9e hwranee prcmi�un ta be paid by Lender to the Seeretsry,or(h'�s monthly charye hstead of a moKgage •
<br /> • . Insu�na pr�a�itm if this Seatrity instrumeat is held by ihe Seaet�y. Eac1�enoailtly�staNmerrt of the mortga�e�surance �
<br /> , . preMtum sM11 b�in�n amount a�flk�ent to acarnut�te the fu`annual mottg�se insurance premium witt� Lender one month �. ' . .. .
<br /> prior to tt�d�t�tA�tu��nnual morty�gs insurance p�nium is due to ths Secretary.or'rf this Sec�,fity Inshuraent ts het0 �-��.���
<br /> -- . d�t the 3s�7at�y.eecfi monthy chuge aha� be fn an amount equai to ons-Iwe1Rh of anefiatt p�c,ent o!the outstandng pr6n�r,�aF. , : ;;'°.::
<br /> ' b a t u�ce 0 ue on t he No ta . ��
<br /> � � ff 8ortower tenders to Lender the 1uA payment ot aA sums secured by 1hls Securiry Instrument,BoROwer's account shalt •
<br /> ; he CredtM wRh�the bdance remaining for aIl fnstaliments tor ftems(aj,(b),and(c)and any mortgaqe insurence premium _ .
<br /> instellmeni that Lender haa nat become obliga;ed to pay to the Secre[ary,and Lender shaH prompity�etund any excess funds' �3„ �
<br /> � to Borrower. Immediately pdor to e toreclosuro sele of the Property or its ecquisition by Lender,BoROwer's aceaunt shall
<br /> - � - be cretfted witt�_�ny bslance r�nah�(ng tor aN installments for items(a), (b),and(c}. . . .
<br /> ;
<br /> � 3. AppliC�oq af PBylif8tltS.All payments under pareyraphs t artd 2 shaA be applied by Lender as faRows: .
<br /> � �,to 1Rs mortg��s Inauronce pr�um to be paid by Lende►to the Secretary or to the monihy cherge Dy the Secretary � �
<br /> inste�d pf the monthy mortgsge&�surence p�remtum,untess BoROwer pald tha entire moRgage��cance premlum when th:s';° -
<br /> , S�ecurity Inst�rruumeitt waa siyned; , ,
<br /> �. • . 4y��,to any taxes.SpeCial assessments,teasehotd payments ot ground resiis,and fre;iteod and other hazard fns�Urdnce ;
<br /> , F��'�Jfl1sr iS f6Q i�', . � . .
<br /> ; hj�r ,to"�'�esast due urtder the Note:
<br /> ou ,is a.�tortizaUOn ot the pdnGpal 01 the Note:
<br /> �,ta i�:charpes due under the Note. . ; _
<br /> � 4. 6iri�s:Flood and Other HazArd tnsu�ance. Borrower sha11�su,r�all tmprovements on ft,s�roperry,whelher ` .
<br /> ' now In exlstMC�vr subsequer�tty erected,agalnst eny hazarQs, casualties.and cc�gencies,irtclk�ng fire,for which Lender requires '
<br /> insu�ancs. 7'Ni�3*�sun�ce ahaa be maintqlned In the amounts and for the periods thai Lender r�c�ut•es. 8orrower sha11 atso .
<br /> Insure a1(rr�er�ta�;ents an the Property,x'te�her naw in extstertce or subsequentty erected,agaia;s:��oss ay nooes to tne exeeni �
<br /> requlred by tke StC►etary. IW insurance;..��8 be cartied witb companies approved by Lender. The insurance policles and any
<br /> renewais shaQ bs 6etd by Ler..eer and shaD i�iGude loss�ayabie clauses In tavor of,and In a torm acceptabte ta, Lender. ';
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<br /> In the avent of loss,Borrawer shall give Lender immeCiate notice by mail. Lender may make proof of toss M not made �
<br /> promptly by Bonower. Each Insursnce company concemed is hereby authodzed and dlrected to make paymen!tor such loss
<br /> directty to Lende�hatead ot to Borrowet a�d to Lender jointly. NI or any paA ot the tnsurance proceeds may be applied
<br /> ' by Lende►.at ita optbn. either(a)to the reductlon ot the indebtedness under the Note and thls Securiry tnshument,(rst to '
<br /> any deNnquent amounts appqed tn the order in Paregraph 3,anq then to prepayment ot pdncipal,or(b)to the restoration •!
<br /> • � o►repai�ol the damn9ed property. My applfcaUon ot the procee4s to the prlrtcipal shall not extend or postpono the due date .
<br /> , of the monthly payments whlch are reterred to(n Paragraph 2, or chanqe the amount ot sucb payments. My excess insura�„A
<br /> , proceeds aver�n amounl req�lred to pay all outstanding indebiedness:inder tfie Note and this Securiry Inst�ument shall be
<br /> � paid to the entity(egelty entitted thereto. ; �'
<br /> ; In the event ot toreetosure at�tiis Securlry tnstrumenl or qther transter ot title to the Property ihat extingulshos the .
<br /> , lndebtedness.aN d�ht,tflle ar.�C interest ot Bonower in��•9 to(nsurance policles(n torce shall pass to the purchaser.
<br /> $. Pr�s�rvatio�t and 14A�ittt!»enCO o! th� PrOp�rty, Le�9h01de. Bo►rower shaf►not eommit waste cu destroy. �
<br /> • damtpe or aubstanttaly chenge the Property or atlow the Property to deteriorate,reasonable.wear a�d tear excepied.-�LenQar may inspect- --��-���- � �- -� -
<br /> the ptop�rty H the property is varant or ebandoned or:^:�loan 1s In default. Lender may take reasonabte actin»to protect
<br /> . and presarve auch v�caM er abandoned property. 11 th:s�ecuriry Instrument is a;r a teasohotd, 8ortower shalf comply with
<br /> the prpvlsions ot tite.lease. If 8orrower aCquires tee titte to the Propea.*�_the leasohold and fee litle shall r.a;be merged untess
<br /> : Lertder a�rees���a meryer In writing.
<br /> 6. Chstg�s to Sorrower and P�ata�tion of Lende�'s Rights in the Property. Borrower shall pay all ,
<br /> gGaCttlmefltit or munieipa)c`arges,fines end ImposiUons that are not inctutled�n pe;agrepb 2. �orrowor shall pay these obligations
<br /> � on lime dk�to the entity which is owed th8 p3yme�r2. It failure to�ay waWd ad,rersefy affec+.Lender's fnteresl in (he Praperty.
<br /> upon Lendtr's request Borrower shvll promptty tumish to Lender rev�.�ts evldencing these payments.
<br /> tl Borcower faits to make these payments or the payments ruquired by�Paragraph 2,or tails to pertorm any other cov,ehants :-- --
<br /> • &nd agreements coniainad tn thfs Security tnstrument,ar there ls n legal proceeding that may signficantly aNect Lender's rig:±!s �
<br /> ln fhe Piroperty(such as A proceedinq In baniwptcy,tas condemnaUon or to enforce taws or regulations), then Lender may
<br /> do and pliy wMtever is necessary to protect the vefue a}!he Prqpetiy 8ntf lander's rights in the Prpperty, includin4 paymenr, . �
<br /> • � 6!i�ii�,hi�dud lnsurance end other items rrtentianed�n Paragraph 2. � .
<br /> My amaunta dlsbur8ed by lertder under this paragraph shall be�omo an additionnl debt ot Borrowtr and be secured
<br /> L by thls Security Instrument. These amounts shaU bear intecesl irom tha date o1 dr3bursement_at the Note rate, and at the �
<br /> opUon ot Lender,shaU tre•irtimediately due nnd payabto.
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