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<br /> : . ` . ` � . . ` . . .g4�: �.Q4659 � .` ' . . `
<br /> ` ` L l�aeu etleY�'1�Y+I��e�ett a�d Ls�CY�e.�orrower shall pay whea due the prindpal of.and interess.on,the debt � � �. ` �
<br /> ` avWajcad by the Ptate and late ch�es due imder the Note. . , • -
<br /> � . ,
<br /> � . . 2.N�MiI!lyry�o!Tm�+,L�we�wce sN O�t�esi�urje.Borrovrer ahaII�uuclude#a each monthlY PaYme�Yt,'together wuh _ _ - -
<br /> —�_�_.���.,______�_,._�
<br /> — ---�.--�c-�-�� - . ��;��.=��cie�;-=aa�-osaag(a�' - - a�., - � _ : --
<br /> ` �.. . leriod or to be leria!�pe�ty. Eb)kasehold paymmts or graund reats oa the Property,and(c)pre�aums fbr � � .
<br /> ' , � insur+ioce re4nira1l�Y Par�paP6 4- . . ' ' , ' , .
<br /> ; - ' . ' , F.�b mooN�tY in�at for Items(:).(b3 aad(c�sl�tll equat�one•t�velRh of ttte aanual amounts.as`ieasonabIy estimsted 3� �. . �
<br /> , .. Limder:W�t aun amount wffid�at�t��an idditionsl b�laace of aat more th�a one•si�th af the estimated amoaats.Thr '
<br /> � �f��anqalamaunt tar e�h ite�.s'��t:a�ccumatatat by Larda witl�ia��eriod end'mg on'r momb before an.itr�wacid `
<br /> b�me ddin4aeat.I.eac�a s�E�Oidt�ea�aauuta.toliccted in truit to paq itans(s�,�b�.aad 1�I beFore they b�e delinqaenr. ' � , '
<br /> `- � : � If at aa�time tlje wqt af tbe q�m�.s�eld bY LeQ�.�i items fa).(b).aad(ct,t�xftn tht futnse m�a'EhiY PaY�� ' .
<br /> . . - . . ' for anch items pqshk to I.encia prior to ehe stue dues of such items,exceeds by more th�a one-s�I►the�ed amount of
<br /> • P��re4�to pty such items��at�d if payments on t6e Note ar¢¢urrent,tiun I�enddr shall either refund tbe .
<br /> . exas ortr one-sixth of tbe aRjmated papr�nts or cnedit tl�e excas over oae•sixth af thc at�ated payments to subseqaent �
<br /> � pa�nests by Harw�er.at tht�n of 8orrower.:It the total ot the paymeats made by Socmrra-for Item(a),(b),or(c)is . � . '
<br /> insufficieat to piy the item w�to..due,then Bonowtr shall pay to Lender aay amo�ms�ecessary to raate up the deficiency an as .
<br /> � betbre ti�e data i�itmi bx�s dne. . � .
<br /> : :- . . . As used in t63s Security tasuttateat, "Sec.retsg►" aians the Secreca�y of Elovsing and�Urban Devetapmem or his or ha. .
<br /> _. _ .- � d�nee:Mo�f Security�nstrumeaLS insuie�by the�asY are inwrea utrder programs whicb reqaire advance Payment oft�e.. , -
<br /> - eatirc mortp�e msuranx prcmium.If tlils Security Instrummt is or aras insunc!undtr s pro�r�m xhich did aot rcquire advanet ' .
<br /> , ; , p�ymait of the entire modpre insu�nce pre�tum,tbm each mantHty payment ahall aisa iactude a�er:(i�an installment of the
<br /> , an�aal matp�e insaraace premivaf to be paid by I.ender to the Secretuy.csr(�a mont�ly chatge tnstead of a raortgage . ` ,
<br /> � iawuaace premium if this Securlty iastrument is held by tha Secrttary.Each moatd��y installmeat of the mortgage iasurance �
<br /> ' praainai ah�ll be in an araount sufficient to accumufate the fu11 aanual raortgage insurance premium with Lender oru moath
<br /> _ � ' ' priar to tbe date the fuD anau�l mortgage insurince premium Is due to the Secretaiy,or if this Ses�:rity Instrument is held by the � '
<br /> Secretuy,qch moatWy chuge shall be in an amodnt equal to one-twelfth of oae-haif percem of the ouutanding principal �
<br /> bataace due an the Note.
<br />� � If Borrower.tendera to Lender the fuU payment of all sums securcd by this Security Insuument.Borrowtr's account sha116e
<br /> ' ,credlted vvhh the balancae re�ining far all instaltmenu !or items (a), (b)and (c� and any mortgage insurance premium
<br /> , iastsOment that Lendez has not become obli�sted to pay to the Secretary.and Lender shaU prompdy refnnd any excess funds to
<br /> Bocro�rer.Immediately prior to a forcetosure sale of the Property or its acquisidon by Lender.Borrower'a account shall 6e
<br /> • credfted�vlth u►y batance remaining for a!!insta}lments for items(a).(b)and(c).
<br /> 3.�1�Ypitiw ot P��eia.All p�yments under paragraphs i and 2 shaq be applied by Lender as foAows: •
<br /> �,ro the mortgn�e iasurance premium to be patd by Lender to the Sscretary or[o the monihty chuge by the Secretary ,
<br /> . inttead of the monthly mortgage insurance premium,unless Borrower paid the ee�tire mortgage insurancc premium when this �
<br /> Securitq Inmament wu si�ed; '
<br /> SECOND.to tny tues,special assessments.leasehold payments ar�ound rents,and f re.ftood and other hazard insurance -
<br /> Drtmiutns�as requlred: , -
<br /> � �$Q.to intere�t due ueder the Noce; �
<br /> �QURTH.to�mortization of the Drincipal af the Nate;
<br /> �.to tate chu�es due under the Note. - -
<br /> �.�ke,i'boi fN OlMer H�saN iwt�ce.Battawct shalt iasure all improvements on the Pro�erty.whether naw in cxistence m
<br /> �or subsequentIy erccted.a�ainst any hazards,casualtIes,and contingenries.tncluding f3re.for which Lender requires insurance.
<br /> This insunnce shalf be maintained in che arisoants and fdr the periods that L.ender requirea. Barrawer sbalt also insure all
<br /> ' , improvattents on the Pro�eny,whether now in e�istence or subsequenity erected.ag�inst toss by�7oods to the extent required by
<br /> the Sceret�ry. ASI insurince shall be carried with comp�nies appraved by Lender.The insuranc',policies artd any renewals shal! �
<br /> be held bY Leader and shaU inctude loss pays�bk Stauses in favor of.and in a form asceptabk to,t.endcr. �
<br /> In the evant ot loss,Bonower shall�iva I,cnder Jmmediate noticc by mail.l.ender may make proof�f loss if not made prompt- �
<br /> ; ty�y Banower.Fatch insurtnce company concerned ls hereby autharized anQ directed ta maka payment far such tuss directiy to
<br /> Lelsder.instFad of to Borroses and to L.enEer jointly.All or any part of the ansurance procetds may be applied by l.ender,at its
<br /> option.eitAer (a)to IAe reQuction of the indebttdness under the Note and this Srcurity lnstrumerit. iirct ta any delinqucnt �
<br /> amounts appiied in the order in Pat�graph�.and then to ptepayment of principal,or(b)to t.*.e restorat�on or rcpair ot the
<br /> � damajed{ltoperty. Any eppllcatlon of the�rc+cceds to the principal ahal!not extend or postpn�e ihe due date ot the monthly �
<br /> ? payments wl►Frh ere referred to in Paragraph 2,or change the emount of such payments.Any caces4 insurancc pro:teds ovrr an ��
<br /> amtritnt rtquiredto pay ali autstAndin�indebte�iness unCer tho 1Vote and tbis Security Instrument shafl be pa_i to the entity legal-
<br /> � . ly entitkd�hereto, ' ,
<br /> In fhe event o!farectosuts ot I.his Security lnstrument ot other transfer of title to the Yruperty that eayirtguishes the in• •
<br /> � debtednes�,aU rl�ht,title and interest of Borrawer�n artd to insurar.;x policies in fores shall p�ss ta the purct�aser.
<br /> � S. �reln�tlw sa�M�le�s�ce ot lLe PropeAr;�te�se�oNs: i�vrrawershalTrtot commit wute or�destr��y;�darnage�r- �� - �
<br /> suMt�ntitliy chu�e the Property or ollaw�he Ptopetty to deterzorate.rea�onsble+�eu end tear excepted. I,cnder may inspcct
<br /> the property if the psoperty is vacant or abandoned or Ihe toan is in default.Lendcr may�ake reasanablt action en prntect ar�d
<br /> praerve such wacant or abandoned propQrty. It�his Security Ins[rument 1�on a teasehold.Borrowe��hap cUmply wilh Ihe prpvi•
<br /> , sians of the le�se. It Horrower acQuires fee citte to the Property. the leasehold�nd fee titte shall not be merged unless I.ender
<br /> a�tees to the metrer in wri�ing.
<br /> �.Crsr�es to bnower nd Proteetbs ot i.esder's Ri�Yb In/be Prnpert�.Dorrowrr shall pay nll�overnmenta!ur�uunicipal
<br /> ' chu�as,fines and imyasitions thst art not included ip Paragreph 2.Ilarrawer sh�ll pay these cibligations on time direct{y ta the
<br /> , entily which is ow•ed the paytttent. I!failute to pay would advorsely afkct l.ender's interest in ihe Nrapeny,upon I,ender's rc-
<br /> ' quest Borrower shall arompity furnlsh ta LenQer rccslpts eviQencing these payments.
<br /> � !f B�srawer faiu to make these psyment�ot tlst p3Y�snt�sequlree!by E'�.tastaph 2.ot Ia►!s tcs perturni any uther�covtnants<u�d
<br /> • ugreements contdned in th3s 5ecurity Instrumem,or there ig a legaf pruceeding that may s�gnifica�tty.affect Lender's righcs in �-- ----`
<br /> the PtopCrty(such As�pt�ceeding in banktuptcy.iar candenmation nr to enforre laws nt regulatious),then IRndet may do and '
<br /> pay whatever is necessuy to prolect the.v�lue ut the Nroperty�i�d l.rnder's nght�m dhe WruperEy,inclu��ng paynien�uf taxew,
<br /> -- - ha�ard insur�nce�rd mirer i�ems rrer►riani� ir,i�ragrapt�. . - - - . -
<br /> � Any amaur�tsdisberat4 by lrndcs under�his Varagraph spali Bccome an additi�nal drbt bI t3orr�wer ar►d be�ecurrct by�his
<br /> SecurUy Instrument. These nmounts ehall bear interes�from�he date tii d�sbune�nent,ai the tv��te r�sr.arcQ at the npnnn ut �
<br /> � l.ender.shati tre immediatel;r due and payahle. ' � , � ' ��
<br /> L 7.CoMtaaatb�l.The pcoreeds ata»y aKard vr cl�in►for danT�ge�,direct or�c,nctyuem�al,i�r�.��uue�E���u�vz�IR�ny�o��dcn� •
<br /> natiutt ar other taking of c►ny part of the Praperly.cir fc�r conveyance in place of cundeinrraiiiai,are herch}assrgneJ au�t�hall t�c
<br /> p�ld to Gcnder to thc extent oP t1�e Ful{gnmunt ot the inticbredness�hat rcmains unpaid urdcr thc Nnte untl th��Sc�unt�Instru- ' ti
<br /> • ment.t.enQersh�liappiysuch�rocerdstatheceductionoftheindrbte4ae:.uailer[t,e:�F,c�r�cidst�,sSe�►,r�Ei:tr�crru�:�er�i,t�:uce• �,
<br /> ' tiriy fleliu.quer�f�rtio�inia 5p�liec�in ttie ardee ptovided'ui P�uagtapfi 3,fifl�[�(f17 lU�TICpL'iIiSPlll f!I�Ill1�7��:1I.ALL:l�l}�liE.,iiu6 uf . {,��
<br /> the prnrttd� ta tht ptinciyal sh�lt not e�tead ot postpQne the ciue date of the mottthly paymentc, wh!.h arc reterred.to iFi • , .a•
<br /> Paragraph 1.E�r change the anevunt of such psyaients.My euess prucerd�E�vee an a�uvunt rrqu�eed tc*p:,�al)c+ussiau:la�g ii� �.
<br /> dtbtednt-as u�edci the Note and this Sicuriiy tnsaunrent sfiall tre �+a�d ru tt�r er.►�ty tegalty cr�t�E:rJ tl�rrctt� '
<br />: � �.�'�e�.I.e�r�ler iisay�u]lect !ees and chatees authanrcd br•the tir.rct.uy. �
<br /> : �'u¢r.'r,'1 � ��..
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