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<br /> We a�ii e�v��b�y�i�we ch��cn auo�,ho N"01°'"wa�u p�y w�a a�e We pincip�l at..ne ia�+oa -
<br /> d�. M�Mldr�rt 71uo«y Iw�a.o...�oa��1�r�e�. Bo.rn�sba11 i�rwde in each moathlY P��
<br /> tasai�whh the p�ncip�l aod Y�ea�a�e1 foeh in�he No�e a m�r la�ae cMr�a,aa inwUmait of�nY[M1lrxes aud --
<br /> _ specld�nano bvbd ar b bo levled�i�W�he Propaty.1b11eard�oid p�Ya�ean or Po�+ud�tc on the Propaty.aad
<br /> �cl P�arniunu for inwnnoe�equieod bY Pu�ph 4.
<br /> Each mo�thly inwJlma�t fa itaru NI�(b1 and lcl�I equal oae-twdAh of�he anoual �wMw u �r,asaWdy
<br /> `— estimat�d by l.hider��1w an amawu wflicient 10 nMiaain�n additio�l bd�noe at nw mo�e�h�n a�e-si�ih d the --
<br /> -t ��od�aiauniw Tho fuN wnnual wmwat fnr wch ium sh�l1 be accwnul�ted by Lendcr withm�pericd ending mr �,.-
<br /> month 6efae�n itam wa�W boaKne delinqaem. I.ender ibdl hoW the�a�o�rw collec�ed io wa w psy i�ans(�b lbl and _
<br />.�.P:' (QI befae pay be�omo delinquem
<br /> If a�ny time tho tanl oi the p�ymant�haW by Irender for item�l�).(b)ud(c1.�q1�r wi�fi�he Ntum maa�hly
<br /> �:rv paymenu for s�Kh iwiu pay�bb to I.rnder priiar to tho duo daes of sucb itans.exoce� by awro th�n one•siR�h the
<br /> - .. ,s esWn�od amount of P�Y���W��OpaY wcb ikms�rlres dae.and if p� an the Nate ae cumenl.�hoo I.aeder _
<br /> � uh�t1 eitder rcfund iho exacss over ane•sixtb of�ho es�r�atedpa��rts ar�xoe�over oae•sixth af Iho estimated �_
<br />_ :�� ,�. �a��oo wbc�umt Plrmems by Bonow�er.al lbe o�tion oP Ba�ower. U tk wW of 16e payrtunix nwla by Bort�wrr � _
<br /> - _ -= f i o r i k m f�L tb�.or k)�im�iticia�t w pay�he item�ea due.�eo Banowa s l a ll pay w I.e o d e r any anaunt neass�ry a -
<br /> �,�;�� �t�e up d�e de1'�cieacy an or befa�e the d�te Uie itan ba�o�nes dwe. _
<br /> ��d ip��S So�vri�iaswmp�t."Secrctory�meam tde Socatary of Haaing and Urb�n Developnent a his or her �
<br />. _,x. . � daig�oee. in,�ny yar m� �he I.endcr muct y�aionga�c�pemium a�he Secnenry.esch mmthlY P�f'�� - -
<br /> he p�
<br />-�';' F�I F �i smU+�ko iaclude eid�er: fil an insWlment af�he a�Wwl mong�ye inwranoe p�emium a bc pnid by L.a►de��o U�e _
<br /> �k
<br />_� , Secrtuy,a lii)a moNYy cfwge instead of a mort�e inwuaroe pemium if Uiis Security I�sinuoe�t is held b�r tbe
<br /> Senq�ry. F�ch a�oathlr insulbaa►t of the mat ge amoance pemiwn shaU be in m amo�up wfl'�iau w�ecuoul�r�drc �.
<br /> �-- to�he date ihe iWl w�wdm�o�c�nwra�oe -
<br /> _ - -- — 4u11 annual mongage ins�uaoce pnemium wjth ene marh pior �_ -
<br /> -� ='' pranium is due w the Secrct�uy:or if this Socunryr Inwwoent is beW�jr tlie Se�yetary.each�aa�wtldy chor�e sl�aq 6e in an �
<br /> :.��,�;'' tnaom�eqtul w one•tweltlh of ane-i�aii peroent oi�oe uaiet�Miing�i��.'I�al�SL�d�aa t!�!'l�;.. _-
<br /> '�'+::; If Bonower te�dem to I.ender the full pa of ill sums cau�ed b this las�namrnt.Borrower�s aocaunt
<br /> y� Y Sa'u�itY $::�
<br /> ,:i,�. sh�ll be ctedited wilh the 6alsncc�anaining for All ins�tallments for itetns(al,lC►1 rrrad(C)�d_+�!}� �&��wmstuarlce E ,'
<br /> �.�,�K,� y
<br /> ��•�.�t�� ,�� • .' p�ad�n iast�llment tlwt l.cndcr has nat became obligatad w pay w the Socr�euuy.�91.eoder sna��prompd�refwd an _�T;�'
<br /> A �,� : �; eaoas fiu�ds w Bormwar. Immodiately prior to a faeclosure sak of tha Propeily or itc acyui�itian by LeMer.Ba�owe+l� _
<br />-:���'�. _'�� �� �;R," �000iuu thaU R�e crodited wilh any balance rcnwining far aU insW lma��s for�tem�(a),(bi wai�c l. �.�F
<br /> ,,;• 1 a�d 2 shall be Kd b L.ender as follaws:
<br /> ' '�, ,k. 3.�of l'�yoeato. All payments undcr Parsgnphs �� 3 °`
<br /> .. . ;y+�.r:k °��" t��c mon�uge insuranx pnemium a be paid by Lende�to the Secrtauy ar to the nwmhly clwrgc by the °
<br />_ � �.i..�4 :,�:,<.�'i.i'ti;i';.i.' i111I1• v{sr-
<br /> � `�",';z�t�'�;x•`; wa�ead of the monthly mo�tgage insuranoe Prcm
<br /> .�.`<��� ���,;�, �.w any tues.special asse�cmaus.kauhdd WYme+ns or Qrntmd rcnn.aial firc.llood and aU�w h�vard �w•;I
<br />.�- . ��;;'. ���remiwns.�s�q uircd; �r,_
<br /> ... ,
<br /> -- � �(�.[o ilrteiet�d11e urlder tF1C Note: •r.
<br /> - � - e �` � �.W amaRizatlat of the principal of the Note: -..�_
<br /> "� 4'f � . .to lote cha�ges due under thc Note. ���
<br /> • ,,` ������ � f;�� � . 4. Fire.i�tood aad(kher Harard I�vrance. fltonn�ver slwll insure all impmvemaits an the Pmpe�ty.wi��i�er now ��.
<br /> - �?'�t,���t^r.; f.-��, �n existence or subs�uaidy ercctad.against any ha7�rds.cacualties,and contingencies,including firc.far whieh I�ende� `'"",-
<br /> _,�': r.�»;����„?;;,,�.�y��, �equires ins�u:ance. T6is insurarwe shall be maimained in the amcwnts and for�he periods lhat I.end�zr requircs. Bamowe� �.-
<br /> ��;�,,�r���i, shall nlso iasu:-:WI improvemenls an the Pmpe�ty.whether now in c niste�ce or subsequenUy eR�ct�11.againslloss by floods �- _
<br /> - ' y} :�:�: G�the exGe�w rcyuurai Ly ii�Se:.rcsa�y Atl Ftuatr�cc sts�!b^.cartiec4«i�h comp�r�ffesapptovtd�,�!�•�•�r 71�inr.uraooe �_
<br /> ra t
<br />--- ` ,.` .,.', 1;� policies and any r�enewals siwll be held by Lender and sh�ll include loss payabk clauses in favor of. and in a fom� _
<br /> _�''y '�. , � accsptable to.l..ender.
<br /> •.;:� ..`' '"� : �A` ., �«' In U�avent of loss,Borrower shall give l.ender immediate notiee by m�il. Lender may m�lce poof of Micc tf not �`���
<br /> :•�;�. made pro�e?y�by Bonower. �ch insurance company concemed ia hereby autboriud and diiected to make payment for ��=__
<br /> ,• such los.s d�rectly to Lender,instead of�o Botrower urid w Lender joindy. All a any pan of the insurance poc�eds may be c��-
<br /> � ��s���� �'� '� �plied by a.ender.at its option,eiU�er(a)to the reduction of the indebtednesg under the Note and this Secunry Instrumen�
<br /> •�' '����� � ('urel to acny delinquent amounts applied in the ader in Paragrnph 3.u� then to pnepayment of priocipal.or(b)to the .,
<br /> ��•�- q �.e_-
<br /> � ��• �� , r��s4urs�t+ota or repair of the dama ed . An u licntion of the eeds to the nci I shall not extend« ne
<br /> �3� �,,�4t_..:. ��t�l��w I��
<br /> 8 P�!� Y PP P� P� Pa t?'.;
<br /> ""'' � �f p'� �,`�,..'�` �,i�e t�tite dutE of Ihe monUdy payments wh�c iue rePerred to in Parugruph 2,or change thc umount of such pay�emris. Any
<br /> :+a,►..� ':3����£tii:..�r •,•r: ., ''�
<br /> �:1�:�;�,�:� i i+:i��' eaxeag in:�uunce proceeds over en amount reyuiMd to pay all outswnding mdebtedness under the Note and this Serurity ,�-�;+;`-
<br />.::�i!7f":�� ,
<br /> {4, ����,t�:' �+�t'..;: lncdumenc shadl be paid to 1he entity legally entiUed thereto.
<br />=:� , t, �ir�•,: k . �,,.��y,:
<br /> `tt�:;����� .,r�;+�r�4q�. ��.� In��e�v��nt of fon;closure of this 5ecurity Instrument or other cc�nsfer oititle to the Pro�*er�y that extinguishe.s Ihe �u
<br /> "�'•'s" "`'{}`''��'" indebtalness,sili right.tide and intcrest of Borrower in und to inswnumyti policies in force shull pass to tt�e purchaser. • '"�°�`
<br /> _,,�,�, ;���,:{.>.4:��r�::{
<br /> - ,, �'t�::.�}�� S, Ncc�pancy. Preaervatlon. Maintenwoce �ndl Prc�tectlo� �f 1he P��perlv; Borrower's La�a AppUcallon: �,';:�;:
<br /> ;��liL.._
<br /> =�`ti �` I,epsehoptJ.�. �arrowe�sha;!occupy.establish. und u:r{he �ope�ty ac 8arroa�Q's principul residence within siary days �`'�,';.
<br /> °��`� , ...`. •�i� .��•""� aftcr Ibe exei�utian oi th�s Seturity Instrument ond shad7 contin►:s�t�n cucupy�he Propeny wg Bomower§principal residence •�n�
<br />_,_ � ..,.. ,
<br /> ��' .�' (ar at le;�t on� ear a6axr ihe date of occu anc unless tfie Secr�euan detecmines�h is rrqulreroecne will cause undue hardship _,
<br />�_ ..S�+�f.�.,j '-`�`-�"k�`.:,,`, y A y P Y• �.--
<br />- a•y,;, Pa &omcnwee, ar un9ess extmueting circurtistances exist whx�h ar; t�yond Borrow�rr's cc�+rteso�l. Bomower shall notify _,_
<br />'��•4y�: • • •.� • ' Le�dets vff aaa�extentoating circumslances. Bortowcr sieall nat commit wu+te or clrsrrny,damuge or substantinlly chsinge
<br /> -`~��' • ,` ��`�; . �the propetty or allow t?ie P'r�operty to deteriora�e,reu�ar+a�+G e w e u r a�d t e u r e x c ep t e<3. L c n d e r m a} i r u�x r t t h e P r t+p e r t y i f t h e ,M1�1`�
<br /> '`,� IP�operty is vucant or abandoned or the loon is in drfaal,. Lender may�uke rcuson��b;c uction to prutect a�td pQrxrve such ,�{��'
<br /> l k�tti1
<br /> �t`):� — }� ;'.� '- vacanl or aQ�attodoned Property. Borrower shall nlso Ix• �n detuuu �1 tsortower,during ihr f�oura a�plic�liu��pru:ca�.�tave .�-�
<br /> _,�.i . ¢._...
<br /> �,:�z;;r ��F�. �. materiolly false or inoccurate informn�ion or slatemenls to Le�ac',cr lar fniled tu proviat�: LeaJer with any muterial
<br />�,' ���` � "' �'"• • informotwni an wnnection with the loan evidenced by the Notr, ir.cluding.bu1 not limited r.��.t��r.sentutions conceming
<br />. �`����• : ♦ -' � :3 .�
<br /> ;�; :�----�.`;•`�'�`a � Borrowerk occupancy of�he Pro�erty as a�incipul re+idence. If t�;.S�ruritv lattnimtni is r.rs:i iea�ehold.Bortower chcdl , ,.,.'
<br /> ;i�,l� '_
<br /> .� ,,,� �.;.; � •��.�:` ;, rnmply wilh the provisions of the lenxe. It Borrower uryuim.fce tiulc ti��Cx Pr�y�-c:{}.the leaxehold und fee title shall not �y�.,
<br /> ,� ,��1�,f • a-"' . bc merged unlesx Lender agrees to the merger in wri�ing. ,
<br /> ` � • � ` 6. Char es to Borrow•er and Protection of Lender's RfQhts!n the�'roperd�. Fiorrowcr�hall pay ull govemmental �.:.
<br /> ..' : ��Nf�1t �.. g ^ �._
<br /> i+�''� �I `•"•�� • � or municipal¢harges,Gnes and impo�itia+ns thnt ure not include+i in f�rragr�ph.. I�u�tr+�wer rhnN pay these obliFu�ions on
<br /> - .ij,..
<br /> ' ;F:,,:" �•�.;.. .. time diiecUy to 1he emNy whi�h i�owes!tB�r paytnen�. li fauf.urc:o ;^ae• W�ould adtiencely affrs�Lender4 intercs� in the 4 ��
<br /> •°.�,�:,.' � ,.• . ptopeny,upon Lender's m�ue,t Bomow�eP>hall pnxnp�by�l�mr�'r.l;cv L�:ader recei ti eva�meiag aF�x paymen�s. ;:t',`'
<br /> r , ,,,, ;,.:., pt
<br /> m
<br /> •.:>��w�;��5 � ' If Barower fails to make�he+e pa}-mem.or Ite� �mymrmx reyuimd by I*ara�r:�pL; ,�.. rtx Vaai+aa�etfce�any othrr �'.';
<br />?�'V:-r ' �1 •�. cvrenants and agrcemrms contnined in this Secwete l�i��rument.or therc i�u le�al g+c,:Ke�edirog i�aa:ae���a�nitKa�:�c{y nffitit �1`,I.i'.
<br />�L.���' ,��:t� .' Lender's righu in the Propeny Iwch a>a proceeding in bankruptcy,for�undem��a�on or to et�B�nrce laws or regulaUom►. ,,,.
<br /> .. U�en L�end�er ma do and a whatever ic neces• �o rutert me v�we ot�ne and i.end�ac's ri ni.in iix Fn, �: . �.,'�.
<br /> � Y P Y �Y P �'mPe�Y F !K 7 '�."'_
<br /> • � including payment of taxe�,h�t�rd imu�r�nce and other item�mentiuned i�P+n�raph 2_
<br />:'.r,��. .•, .,�;;;r; My omounts disbuned by L�endrr under this Paru�Zrrph.hall becomc an�ddi�ioml deM of Bormwrr and be.ecured {
<br />.:, , � , . - ,.;'ti by this Security InsUVmem. Thcse�nw�ums+hall bear mtcrcu trom�he d�te of di�bunemenl.•rt the N��te rute.and at the �
<br /> _ ".;�:� option of l.ender.shall be immedi�teiy due and payuble. �
<br /> � . . . .. 7. Coodemwtinn. The procced4:ot a+►>award ur rlvim far dnm•rgr+.direcc or conkyuentinl.in cnnn�tition w•ith:►ny i
<br /> ` •' � � ,���,,� caidemnwion or wher lakinF o f a r oy p�ec o/r A�e Pn�pe hy.n r f o r r a nv eyunre in pf:�ce of ronJemnution,ure hereM y a..i�ned
<br /> � �� " .:' and slwll be paid to Lender to the exr�ccu o�tl�full�naunt of the inJebtedne..�hut rcmoin.unpaid unJer the Nutr an�thi�
<br /> ' '�' ' '� Security InslrunKnl. Lender tihnll appl�ti+�:H prriceeds to Ihe reduction of�he indebleJne.+unJer the N�de und tbi�Serurity �
<br /> r . ;�. ��'� Instrumenl, fin+t to any delinyuent umouna apQtird in Ihc unier pn��•idrJ in F'uro�rnph 3. :u�J thrn to pnpa��mcm oC
<br /> ., . . �,. •. ��' principal. My upplicution of the pnrceed+ to thc prirnip�l �Mull nc►t exlend ar postpone thc due date of the monthly
<br /> i!;;-: � � ,�. , �F`•d *��i' . �ry,�1,i.1��K�u
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