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<br /> � °':.�. �.�'����� �� �RECORD• 9�- 100053 90-107097 ;�;;;�:--"_-;���---
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<br /> .'°,�.°`Y.`' BoROwa�h�ll paY whrn due the P��P�of•+�intnest on.�he debt � - ... :'° _
<br /> -. -_ - ;kr.,-;��.,-�. i.F�rir::i as!s�*�=Ider'eal luld l.fl�C�t. .�r—'—'.�....�"—
<br /> , �• . . � widenc�d by the Note and lale Cbu�p due under tfie idae.
<br /> 1 ,;�,+.'.:�� ; , _.Matrry hy�a of T�to.Iwieue�ud 01�CY�si.Ho�TOwer�h�U include in each monthlY paymene.toaeiher with .__���,,._Ty�
<br /> �,,:� • tha princlpal andi iaterest�s set fanh in the Note�nd aay lue charQa.+ui installment of any lM)ta�cei ond:pecW wxssmm�s ���>�
<br /> ,,� . er
<br /> ' levied o�co be tevkd�inst�he Propeny,(b)kasehoW psya�rnts or Qround rena on the Propetty,�nd(c)ptemiums for ��_���_:��-��---•
<br /> �;�. .� ,��,_.. : :.- lasuranee re9uked bY Par�r�Ph 4. —,
<br /> _. � .,.�.•- , , `�`
<br /> - - E�c6 moatfily inswllu�eat tar itemc(a?.(b)and(c)shall equ�l one-�Welfth of the annu�l amounu,as reason�bly esNmwt Y w ,,,�,.,,,,,,,.�,.�._-
<br /> � � Leacle�,plw an amount suffielent to mdnt�in an uldltional b�nce ot not mo�e th�n one•:ixth of�he atimued amounts.The ,_ i{�M�',..,,,��'
<br /> ' full annwl�mount for ach item:hdl be�ccumuUtod by l.ender within�periad ending one month betorc an item wauld =,�-___- __ �
<br /> � becomo delinquent.l.enda:htll hald the on►ounu coUected in Inut to psy items(a),(b)and(c)befora they become delinqumt. .�r",'°°m"°'°;�,__i
<br /> � � ent�held by Lender for itemt(al.(b),pnd(c),toIIether with the future monthly WYments �•�' �
<br /> - ' If at aay time the tatRl of the paym ....Y�.„.
<br /> � ' for such items payable to Lender pdor ta the due dua of:ucA items,axcads by mo�e than one-sGcth the atimated amount oi 5. _ �� ,
<br /> � � � ! � payma►u required to pay such item:waeu due,and ii p�yments on tha Note+ue currcnt,then Leeder shall eithe�rcfund the
<br /> excas ovu one•dzth of the atlmated pa►Y�n�����ihe excess over one-si�th of the atimated p�yments�o subsequent
<br /> paymeats by Bortower.at the optioa of Borrowec.Ii tha tot�l�of`t�pa���unt n beoay sarY to m ke up he deflcirncy oa or
<br /> iasuffident to pay the item when due.tAen Bonower shaU D�Y �,:�,.. ... _ • •�r:
<br /> - before the due the item b�xoones due- .
<br /> . ' �������I��n�."��u y•m e a n s the S e c r e a r y oi Housiap+�nd Urban Development o�Ris ot her , ,
<br /> dpi�e.Mos�Secu�itY Iagtrumcats iasured bx the SecrecuY arc�n�u��d u�r p�nL°�whic h requ ire a dvance p a y m e n t o i�h e �i•r a�(i+�++z.:��t a•a:,w+,-+.
<br /> ��4�.
<br /> ,,,. , en t i r e m o rt�e�a w a n a p r a n i w n.l f t d i s S e cu�aa y lastrumem is ar asis insuztd under a proQ�am wdich did�wt requi�e uiwocx ,;.��t��_vi--
<br /> . .. , paymrnt ot the eraue mort�e insurance precaaa�m„ahert each month lY p:►7 aaent:h o l l a 4 w in clude e�t h er:(i�an i n s t a l l a�x n t o i t h e �_� -
<br /> rec -
<br /> anaual mottg�e insuraa�Y prcmium to be paid E��d.endrr to tho SecreYU':�'.or(ii)a monthly charge instead of A mart� �;�.�+i�4e�
<br /> ��'. � ia�wrance premiwa if this Security Instrument is helA Q+y�t�ne Secretary. Pach moathly instalimml of the monga�te .. .,:�,�.;..�
<br /> ~! ""'• p;�mium sQslt be in are amaunt sufficient to accumula¢e ahr fuU aanual mortg+�e in:urance Prcmium with Lcnder oae month .`w
<br /> �� %.'="r��� yv�or to t1�e daae the fup annua!mongw�e insurance premium is�ue to the Secretary.or if thia Secudty Inswment is held by the , ;,,.�,__J__`
<br /> '"''%�°�1. S e c retary�rach mon[hly chw�e slwU be in an unount equal to ono-twelfth of onahalf percent oP the ouutr+ndinQ principal --
<br /> ,'�. '� . � �,A
<br /> . �'• balance due on the Note. ,.; �.�'i(.,
<br /> ' yi,;. ..,
<br /> ' If Borrower tendera to Lender the fuU pay.roent of all aums securcd by this SecuritY lnstrument,Bortower's tucaunt shall be •S•'�.:>�:
<br /> credited wi�h the balance �emain(nB for all instaUments for items(a), (b) and (c) and any mortgoQe insuruice premium � c�•;;;t''�,; ;,,
<br /> ,"t�'7 `. .. .'.,.
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<br /> i;;..,� iastallmeat that Lender has not become obligated to pay to che Secrctary,and Lender shaU promptly refund any eacese funds to �u
<br /> � ��'{'s''° Borcower.Immediately prior to a fonclosure aale of ttie Property or its acquisi[ion by Lender,Borrower s account shaH be � � .__ �
<br /> creditod with any balana ranainin�for all installments Por Nemc(n),(b)and(c). �_�.
<br /> 3.AppYntlo�of P��p.All payments under patAgraphs 1 and�ghall be applied by Lender as folbws: �L��"'
<br /> � ' �$Q.to the mort�e iasurance premlum a be paid by Leader�e�thz Secretary or to the monthly charge by the Secretary ,'=,•,•S., , g.
<br /> ' instpd oi the moni8ly oiiirt�a�e lnsurassce Prtm3ua�.::n'•e°`Er"r"^e`•"�the entlre mortW�e insuronce premiu���-�this , , .,, i __
<br /> . r�•�;;ti}�:;`�,.J_--� Stcudty Instrument was signed: ; `
<br /> .7�;,•/, � S E C O N p.to aay t ues,s p e c i a l a s s e s s m e n t s�leasehdd p u y ments or e�ound rcnts.and�ire.flood w�d otda hazacd�easa�nce ( .��. ;;•' f� .�`1 it
<br /> ��, prcmiums,as required: . .
<br /> :,,;•••, , "'�:�,
<br /> THIRD,tu interest due undrs the Naie; �, .,,�,!��' ..�
<br /> ,�� ���� URT .to wnoRizativn of�he principal of the NMe; � � � '
<br /> , ,rr .•.i...s'. ,
<br /> �'�.:•' �,to late char�a due under the Note. �, � , �;t''., �,',';' �',
<br /> . ';:;`-" � r; �'�;,�: ,
<br /> n �- �,E7ee�flood wd Otber 11��rd Imn�s�ce•Borrower shall insure t�U improvementa on the Property,whether now in existence
<br /> or subsequently erected,aaainst any hazards.casualtia,and contingencia,inciuding flre,for wMich Lender rcquires insuronce.
<br /> 'fhis iasuronce shall be malntainM in the amounta and for the periods that Lender requircs. Borrower chaU also insurc all ,
<br /> improvementa on the Property.whether now in eaistence or subsequcntly erccted,agatast loss by ilooda to the ex�cnt requircd by � ,
<br /> the Secrctuy.All insurance shall be carcied with companies epproved by Lender.The insurance policia and any renewals shall "� 1'�
<br /> � be held by Lender and shall Include bss payable clauses in favor af,and fn a form acceptabk to,Lender. ' ,,� �
<br /> In the event of losa,Botrower shall give Lender immediate nodce by mail.Lender may make proof of loss ii not made prompt• :,' ,.
<br /> ly by Bonower.Each insurance company concerned is hereby au[horiud end dirceted to make payment for sucb lo�+di�ectly to ��;,:
<br /> � ' Lrnder.insttad oi to Borrower and to Lender Jointly.All a��ny psrct of the insuror►ce procada may be applied by Lender,at its . .
<br /> �t�,, �1' option, either(a)to the reducNon of the lndebtedness under the Note ond thii Security lnstrumcnt,��st to any delinquent � :��.,
<br /> � , .:� amounts applied in the otder in Paragraph 3,and then to prepayment ot pdncfpal,or(b)to the�estoratfon or repair of the `;�.��
<br /> "�'�`" .'�•�'�tFl;', damaged prope►ty. Any appUcation of the proceods to the principal shall not entend or poslpone the due date of the monthly , �
<br /> ;t�:�y';:�l . " payments which are rePerred to in Parograph 2,or change the amount of such payments.Aoy excess insurance proceeds over an
<br /> amount rcquired to pay all outstandin�indebtednas under tMe Note and this Security Instrument shall be poid to the entity IcWil-
<br /> • • ' s; ly entitled thereto. , ,,
<br /> In tht event of foreclosure of this Security Instrutnent nr other transfer of title to the Propeny that eatinguiahes the in- '��;,.�j. '.�
<br /> � ..i,
<br /> � •� debtednes+,all dQht, title ond interat oi Borrower in and to insurance policies in force shall p¢ss to the purchaser. . .
<br /> "�'y�� s,p�erv�tlon and Mal�tenmce u�tMe Property,Le�ueholds. Borrower shall not commit wastt or destroy.damage or
<br /> �,'.�;:�:i
<br /> , 1.:�:, � ; � aubstantiWly change the Prapeny or allow the Propeny to deteriorate,reatonable wear and tear eacepted.Lender may inspoct
<br /> the property if the propeny is vacant or abandoned or the loan is in default.Lender may take reuonable action to protat and
<br /> • `.�1,:�;.� preserve auch vacant or abandoned property.If this Security Instrument is on a leasehold.Borrower shal!comply with the provi• ,
<br /> '' .�.�;:.: siona of the lease. If Bonower uquires ke titk to the Propeny,the leasehold and Pee t�tk shalt c�ac be merged unlas Lmder
<br /> • ` ,f,,;� a�+as co the merQer in wdtfn�.
<br /> �"';;r�, ,. i_,,,,, � �:.
<br /> '� � �''' 6.Cb v�e s lo Borrower rod Protectloo ot Lender's Wgi�ta ie l6e PmpeAy.Bunowta s1:ap pay aii�overnmentul or municipal i �
<br /> ''�''�1, � �• �!�`��;� charga.fina and impoaitions that arc not included in Paragroph 2.B onower s h a i 0{*a�•c h e s e o b l i g u c e n s o n t i m e d i rc c tl y ro the
<br /> �• �'; " entity wMich is owed the payment. If failure to pay would adverselY a£6ect Lender's interest in the PraRerty,upon Lender's re-
<br /> •;, � quesc Borrowet shall promptly furnish to Lender rcetipts evidenrir�a:use payments. ,
<br /> lf Borrower fafls to make thae payments or the payments reqssireG�h�•�Pa agraph 2,or fuils to pertc^r-a::y other covenan�s and
<br /> ��• !:�
<br /> agreements contained in►his Sceurity Instrumrnt.oc rht's s a legat proceeding that may signiCcaa��q a�feci Ler�va'� rights in ,: ';;.•
<br /> the Property(such as a ptoceeding in bankruptcy,fot�or�L�mnation or to enforce laws or regufauonsl,thm Lend¢.'::aY do and ,
<br /> pay whatever is necessarY to protect the value of c[u Prc,stny aaG LendeYs ri�hts in the Proper�Y.itkle�d�RB D�fsr+e•'%'°f��a� � � ;';� . ,
<br /> • � + harard insurana and other items mentioned in Paragraph 2. .
<br /> ..a��.c.....�.�.�w nf'R,nr,�arr and 6e sOCUfGt�bY[hcs
<br /> i My amounts disbursed by Ienaer under inis'rareg�ap������:::,�:c:.=.:::•....-•••------- -- - • .
<br /> � Security Instrument. These amounts shall bear intetat from the daca of Qistuturtoeat,u ri�,e'vo�¢nte,and at tMe option o4
<br /> ' Lende�,shall be immediately due and payable.
<br /> � 7.Co�de�utlo�.The proceeds ot any award or claim iur damages,direct er�:omequential,in connection with eny cundem-
<br /> � nation or other takinQ of any part oi the Property.or for conveyance in place of eondemnation,are hereby assigned and shall be
<br /> i paid lo Lender to the eatent of the full nmount o(the indebiednas tha�remains unpaid under the Note and this Security Instru-
<br /> ment.Lrnder shall apply such proceeds to the reduction of the indebtedness under�he Note and this 5ecurity I nstrument,first to
<br /> � any dellnqurnt unounls applied fn Ihe order provided in Paragraph 3,and then to prepayment uf p�incipal. Any appliwtion of
<br /> I . the proaeds to the principal shall not extend or postpone the due date of the monthly payments,which ure rcferred to in
<br /> psuaQraph 2,or ch�rq{e the amounl of such payments.Any excess proceeds over an amount reyuired to pay all�ulstanding in-
<br /> drb�ednaa under the Note and�his Security Instrument shnll be paid to the entity legally entitkd thereto.
<br /> t.Fea.Lender may colltct fees and charQa authorized by the Secre�ary.
<br /> , � PaRe?oJ�
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