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<br /> _ ; , , , < < � �9b.... �0�3�88 � � � �� - � .
<br /> L�Iqrri�f`tel�elMt.Ialae+�t aY L�le,�e�t.BorroRer ahall P�Y ahen due t6e princi�al oi.aad'mte�esE oa,tiie debt � ' .
<br /> �videeo�d by tIu Nose an8lue ciiar�es du�uader the Note. . . .
<br /> � . � 2-��h�■wb M 1'�a.1a�u�iee�!Otie�C�ea.Borrowsr ahal!insinde in e�ch monthlY Papment,togetha Mith �
<br /> � tl�e priat�ipal�nd tnta+at as set forth in t�e Note and any tatc chu�a.an instattmmi of an h a tua and �
<br /> _. � ' kukd ar to be�terjed apin#th�PEOp�tY,(621asehold p�pmeats ar gtxend t�ents oa the O sPeciai�s��smeats . -
<br /> � �tr�ui�ed b1�p�Db 4• _ . ��Y.and{e}pr�iums for , . . .
<br /> . Eadi m�otbb►imp�ilmeat for.items(a?.(b?aM(e)slWl e4w1 one-trditb of the amtnal ainamts.aa reuonably�tod by ` ' : � `
<br /> � , �� Z.m�1ac.Diusaa smooat sufGc�ent to mtiat�in aa additlonal bWnce of not mor�e tdan one-w�th of tbe�aicd amooats.The•_ �
<br /> . . � fnB aaaal�moaat for a�h ite�sl�s$be ao�qmut�ed�Y l,eader�ritUia a paiod�tm�one mantb betore an item Monid .
<br /> : berome dd�ueat-I.eader shaII hold the amo�mis coUect�d in mut w WY ite�(a),ib)aad(c)before theY bec�c�iqq�m� .
<br /> ,• tf u any iime�e�otai of ine rayaxnss bda by Lenaer car icems(a).N),aaa(c).�osecner.�ic��►c�ure mon�,iy►r�►ymanu .
<br /> . , fa sucb ita�pa�able w I.es�da prior W the dae dsus of stx�items,a�caods by mon tBan one-s�t$�ati�aated amonnt of � < •
<br /> ' ptyme�z�uired to pay aueh Items�rhen dne.and if payn►�ata aa the Note are aurent,thea l��s�al1 eitta�ieFund tbe ;,. , �
<br /> e�cas�a�¢oo�mRh of the attmaud psya�eats or credit tht�xcess ovet one-sixth of the atimato�.�5'meats t��ub�sg�t ,
<br /> =— -- -�- -- : M��'-Rl�.!!!�'s�.�!�I�4?f:�0lf+'�:#:�t3t.:.�ssf ttte�xtym�ts;sad�tsq'£oru�`�'�ct-�f+�3�t'ojs��T� - - - . . _ _,..
<br /> � : fmatficiaat'to p�p tiraidan wben dae,fhea Boa+�ers6aif pa�y ta�.anY amount necYa.wry to at�t up the defickncy on or � . . < u; ,
<br /> . ';:: bafore tlu date the nx�i►i beoo�nes.d� � . - � . ,
<br /> J,, .� ,,;.,.<,......�' As tnea itt thia � . .
<br /> , Seca�TtY_ln�t.`�"iaeui�.#1ie Secmary`o'fHousia�and Ur.6an Developmmt or his or her . . ' �.
<br /> , . ,des�oee MoR Saca�i�trumenta iasuc�eQ t�Y fk�eSocretuy ue tnsured ander'proanms Mhkb reqaire gdvaace payment ot the . ,
<br /> . � endre mortp�t iasaxap�e ptemiom.It this Sa4risylnstr�mmt ia or wras ins�ued nnda s proacam Which did aot require�advanoe � .
<br /> . . � , payment of the enti�e moctja�e iaiuranee gtemima,tlxo esch monthly paymeat sbaII alio ia�inde e�t6sr:(�an installmeut of the �
<br /> artnwl martp�e insataace pmnl4tm to be paid 6y Leader to ttu Seccetary.or(i� montLly char�e instead•of a tnortp�e
<br /> . inwninoe prem�u�n it thts Soa�rlty iastrunKat is held by tIu Socretary.Each mont�y instaWneat o!the mortpge iasunaca �. ' '
<br /> Dremium�haU be in an amoctnt anfficfatt ta accnmulate the fuU�tnnu�l mortgage iasurance premium wtth L�ender one moath
<br /> .� � prtor to t6e dau tbe full aenual mortga�insurana�remium is due to t6e Secreary,or if this Security Iastrumrnt is 6eld by the ' � �
<br /> Saxetary,eacf�montLly ci�ar�e ah�It be in�n amount equal to one-twelfth ot oae-dalf percent of the outata+iding princ(pal '
<br /> b�lance dae on the Note. �
<br /> , • I!Bonower unders to Lendec the fuU payment of all aums secured by this Securtty Instn�ment,Bonower's account sdall be `
<br /> � credited wltb the bataace renaalni� for all ins[altmmta for ttems (a). (b)and (c)and any mortyi�e Insurance premlum
<br /> � instalLneat that Lender has not become o613gated to pay to the Sec�etary,and Lender sda11 promptly refund any excas fuads ta
<br /> , Borrowtr. immediately prbr to a forecfoaure sak of tbe Property,or tts acquIsidon by Lender.Barrower'a account shait be
<br /> credited.ritti a�ry b�bace rea�intnj for sll iastallmenta for items ta)�(b)and(c). .
<br /> . ... 3.A�YatiN ot Pq�b.All psymeata,under para�taDhs l And 2 ahall 6e apPlied by Lendar as foltows: . �.;
<br /> . �$,Q,to t6e mort�e insurucce premtum to be pfdd by Lender to the Secretuy or to the inonthty chuge by t�e Secretary
<br /> • instald of the maathIy mort�e Instuart¢e Premium.nnitss Borrower paid the entire mortgAge insuraace premium when this ; .`,..'
<br /> Savdty Insteument was aigned; `
<br /> �,to aay taxes�speci�l asaess�aents,leasehold payments or ground rents,and Pue,flood and other hazud insurance � ,S'.
<br /> pCaftium�,as tequtted;
<br /> �$Q,to iatercst due under the Note;
<br /> • FOUR H,to amortization of the pdneinal of the Notr. . . .:�;;'
<br /> �,to lau ch�r�a due undss the Note.
<br /> � ' �•Ftre.FMoi aM Qfier Has�1�n�ee.8osrawer shall insure all i�c�ra�vementa on the Property,whaber now in eaisteace . �
<br /> � or�bsequently eraxed.ualnat st►y hazards.cs�ahies,and contIngencies,.gaeiudiag fue,for which l.tnder tequires insuraace. '.'
<br /> . � Thla insur�ace ah�ll be maintained in the ampants and for the periods that Lender requires. Borrowcr shall�insure all . �� '�'
<br /> : Impravameats on the Property,whether now in existence or subxquently erected�against loss by Aaads to the extmc required by ' �
<br /> , the Secrtary.AU tnsurance ahall be carrled with compan3es aDDroved by Lender.The insurana pollcles and any renewals shall �
<br /> be held by Lenda anA ahall include loss payabk clauses in favor of.and in a form ac.ceptabie to.i.atJtr. '
<br /> � � In ttie eveot of toss,Sorrower shall�ive Ler.�ea immediate aotla by mail.Lender may make proof c���ss If not made prompt- � �.��.
<br /> ' 1Y bi►BorroMa.Each insiu�nce company concerned ts haeby authorjzed and dlrected w m�lce pay�er:t for such loss directty to
<br /> Lender.in:tad of to BorroMer and to Leader gointJy.All or any put of the insurance proce�cds�nay be aypiied by f.ender.at its ';
<br /> option,either(a)to the reduction ot the indebtedna�under the Note s�nd this Sewriry Instrus�es�s. first to aay delinquent
<br /> nnwunq applied in the order in Parajr�ph 3�and then to prepayment ot princ�pal,or(b)to the restoration or repair of the '
<br /> � damyed property.Any sppUqtion of the proceods to the pdacipal sh�ll not entend or yostpune the due date of the monthly 4
<br /> � payments wbich ue rePerred to in ParsEraph 2.or¢ha�e the ambuat of such p�yments.My eacess iasurance proceeds over an • ���'
<br /> tmount required to psy aU outatanding indebtednbss under the Note and tWsSecurity Instrument shall be patd to the entity Iegal-
<br /> . ty entitled thereto. , �. � _
<br /> In the evmt of foreclo�ure of this Security la�trument or other traoafa of title�to the Property that extinguishes the ln-
<br /> ' debtedness,al!riaht.title and intetat of Bonower in and ta Insurance policiea i�torce shall pus to the purchuer. ,
<br /> 3. �reurratlaw aM'M�tewee of tre Tro�tety. Lau�o1M. gorrower shstU not commit waste or destroY. demage or. _..__.:_.- -- ._ _ .
<br /> aabstantiafiy clwue the Property or altow the Property to deteriorate,rasobtbte�wear and ieai ezceDted.Lender insy inspece '
<br /> � the propecty it t6e propeny is vacuit or abandoned or tha loan is in default.Lender may take reasonabte setion to protect and
<br />, pteserve such v�catnt or abandonod property.IP this Seeurtty lnstrument is on a iwsehold.Borrower shalt comply with the provi-
<br />. sioe�of the,lase.If Horrower acquires tee tiUe to the Property,the le�sehold and fce title sh�ll not be merged unlas Lendes
<br /> airas to the mer�er in w�itins. . • .
<br /> f i.CWe�ea to furrowa�N lreteetlo�ot Leaier's Ri�v 1�ire lro�efq.8orrower ahall pay all Qovemmental or munlclpal
<br /> chat�e+.Rnes and impo�itiona th�f are not included in Pangraph�.Bonower shall pay these obligntions on time dlrectly to the
<br /> entity whicb is owed the psyment.lt P�ilure co pay would adversety affeM Lender's interest ia the Property.upon Lender's rc-
<br /> queat Borrower eh�ll promptly turnish to Lender realpts evldencing thcse p�yments. � �
<br /> It BorruMer f�iLs to maQe these ptymenta or the paymenta rcqnired by paragnph 2,or Pails to perfor�any other covenants and ••- -. - -
<br /> �reemeats eont�ined in thls Security tnsuummt,or there is a tegal proceeding that may signific�ntiy atfect l.ender's rig6ts in
<br /> . - --
<br /> the Ptaperty(such as a proaidin�in bankruptcy,for candemnation ar to enforce laws ar regulations),then Lendtr mny do and
<br /> , �y whatever is necesspry to Ototect the vatue of the Property and LeadePs rlghts ln the Propenx,inclading Dayment o!taxes.
<br /> hazard insutana and other item�mentioned in�ara�raph Z. .. . � .
<br /> � , Any amuunts dis�,ustd by lender under chis!?aragraph shall become an addiNonal debt of Borsaµ:r and be secured by this �
<br /> Secasity Instrumem. These unpunts shall bcu inierest from ttse date of disbursement.at thc Note rate.and at c�e aptio�of
<br /> l,eadcr,shall be Imraediately due and payabte.
<br /> � i.CoNew�doa,t2:e ptaeCeQs of any awar�ot claim for damages,direct or consequential,in cvnnection wlth eny condem- "
<br /> natlon or athtr taicir��g o;a�y�art of the Property.or for ronveyance in place d�f condemna�ibnf are hereby assigned and shall be `
<br /> patd to Lender to the exten�,�F the full amount of►he indabtedness th�t rcmains unpaid under the Note and this Securisy lnstru- t�
<br /> mtnt.Lender shall appty such proceeds to the reduction of tde indebtedness under the Note and this 5ecudty instrument.first to �
<br /> • any de}iaquent amdurrts applied ie the ordet providtd in ParagraDh 3,'and then to prepayment of prtnsipnl.Anq epplication of
<br /> the pr�ds to tht.piiaclpat shall nof aitend�o�postpone the due date of the manthfy payments. which ase referred tn in r} ���
<br /> Pare�'aph 2.or change the amount of such payments.Any exCesS ptoceeds over an amount reqnired to pay all uutst:�ftding in- k'
<br /> � debtcdnes9 under the 1Vote and this 5ecyrity t�strumeni shall be pa1�1 to the entity legatty rntitt�d�hereto.
<br /> . . _.. .
<br /> � �.�'se�.Lendtr may collrct Pees and chatges autharited by the 5eere�ary. �
<br /> • ' � f'age2uf� �
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