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<br /> ; , ` Each ewnthty insta{Iment for items(sl.tb).a�td tcf�tiall��onttr►efRh ot the annual amounts.as rpsooabty attmated - ` . �r� ��
<br /> =- ��scunt-s�ikt�n�tQ mainuin�n uWit1_os�af bat�►ace oi_nQt mor_�than c�te-st�th of the estia�ted amoants. _ . ,�..�
<br /> •�:�- F� "�-�'CAe tutt annwf amount tor e�ch item:Ml!6t�am�ed-6g��:e`nd-ci MnihTn a-pei o�d�i�befiu�e tircY�beaome adiaquent.�. _�`.� .
<br /> . . ixcome detin�uEn�;t.ender sNtl�t�ol¢the amounts colkaed ia tnut to p�y items(a�.lb). °. ` .
<br /> � � ' ` 1[at any timethttotd of the pay�tnts6eM by L�dsrfioritems(a),(b).tnd(N eogaher Kiththe(uturemont6fy paymeats �� � ' �
<br /> ������- for such itetas p�►Yabk to Lander prior m tht dut tGtes of such items.excads bY more t6an one-sixth the escimated amount � -;-:;„�.;=�� �' ,` ��"
<br /> ''_,.: of piymeata required to pay such items wben due.�nd it paymencs on the Note ue curcent,thsa l.�ader shall either�efund � � f �
<br /> . , �
<br /> - �� � � the excess over one-si�th of the estimated payme�ts or t�[atit the eucess over on�si�cth of the ati►nated paymeats to substquent �` ? • .
<br /> .. . .....:.::.: . . � � .
<br /> -: -. .--�::--—`:_` p�ymenu by Borrovrer,at the option of Borcov�u.U tt�totsl of the payments made by Bonower.ior ttem(a?.N).or(c) �...___:_ `_.:--_----t--
<br /> ��`-` r= � • is insufficknt to p�y tde item when due.ttKa Sorrower afiaii paY co i.eader any amount necessuy to maice up th�defidency ? � . .
<br /> - - ° -- ����:- on or before the dste the itaa bxoma due, _ _ -� _
<br /> - ,.,. -. ,.'. '. . . : � .
<br /> -.�,.,�..:.� ..- As used ia this Sec�irity Instrumettt.•`Secretary„means the Secraary of Housing and Ur6an DevdoPmeat or his or her � ,
<br /> clai�aee.Most Security Inst[umeats Inswed 6y the Socretary aue inswed uader progcams wbicfi tequire advance payment of i .
<br /> . . . ` � the eatire mortEsae iasti�as�o�premium.If this Sc�urity lausument is or was insure4 unda a program whic6.did not�equke . i . :
<br /> advanar payauat oi'the mtire mortg,ag�e uuuranoc pnmiuon,that each moatdlY WYmeat shall aisa�adude ather:fi)an iastallmeat �
<br /> of tI�annuat mort8�e insuranoc Pranium to 6e paid by i.eada to tbe S o c m a r l l,or C�!a mont l i l y c t i a r ge l a s t e�d o f a m o r t�s E e
<br /> ; � insnraace pca�am if t6�s SocaricF i�savmeat is 8eid by tde Sxrs[ary.Eacie mnaWy instaltmeac of the morcgage insurance ; i .
<br /> premtmn siutli 6e ia an�uoam suf�CC€eat to a�n t a t e t he f i il l ana a a t a[oct8�ge�n s u r a uoe p r e m i u m w i t h t.t n d e r o n e m o n t b
<br /> _ � , priar to the date the faII annuai mortgage iastuanct ptemtum is dtu to tite SecrQarY,or if this Secadty Instrumeat is tKld ; -`
<br /> � • by t6e Seaetar�►.eac6 awrtWy cGac�e sda116e in aa aacount a�at tn auNt�rdRh of anFbaif Per�an ot the ontataading prFadpal � .
<br /> ` ' balance dtte.�a t6c Nata � "
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<br /> �L���ee tertders w Leada tt�e ful!paymmt of all su�tts secared is3r tliis Sccarity[�trm�eat,Borrawds a�ouat sUatt �;;;, �_ ; '�. .. , - .
<br /> ,� }+.(b? �i{c)and anp mart insarance Prea�i►ua.: <<,':;;, ,,; � . .,
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<br /> i i'� ��`:?�r 1rh ;F i '�it. ..�Y"', 1��.. :�. 'W�i J�'�{�: rr{ ' . �ry�'}tti al�/�i ;l.'�1'•
<br /> � ,,. :x,s.�..`.�,; -�raeai:�.��.+���`�;a���rsm����t��?s� ,��rrc, ,1 . ;,:.. ���...�:<<::�; �,�,,.;, ,,ti,::
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<br /> � ''fc< hy�,�.�_—. . ����. �,!i.!yS���•{�°!'.` '�.5,�. �.... �... � .� � .�,�� r �
<br />., �� .,��•"' . Fust,�o the moptg�i�a�e�'�'�a:l�^��,.by 1.ender to�he S�=�s ta t�i�e i'v�:Eihfy cr;��Tiy theS�g�. ~'`,• ,,,� �{� r t� t -
<br /> • � , ,�[�'$(Cd�O�C�.,'ISIL�111t11jjliClClZ$'dgCiReii�%x[w;c,v�,� .. '�r. ..� • � C.RSUIIIICC (lmW�L�A:,1(�5 � , ':�����,f• ''.
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<br /> �.f•, , ��z �..• l - �:.� �i�s' .t ' a��s;C��Em�srsacg��iras�;andfire floodaadcifs�c�Ts�ams�ai�e�� ,,:: ::, �,. ,4f� y�::
<br /> .�r� - easiri�- s��:�-"I?eciat • �'�.. ,«�. �; .
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<br /> `t�r `::i:����i° �.�,v`i�:�ar�.undec the Not� , ' ' r � :. .,;.
<br /> i ,j. ; . `�,� " . .Fo�¢�e;�vs addorrization of the prineiyal o�t�e L�+sr� , . , . " ,. . ,' � ,
<br /> y ';�:�> `'!` Fift6,S�fi�tte Ct�u�es dUe uodat the Notc. .. ,'r. .
<br /> .:': ::. :,•. .�:.;�.:�:..:�.. .,
<br /> ��� d.Firc.Flooa a�d Otrer Hs��d i�sanece.Borrower shall insure alt�i�vemcnts ar the Property,whethor now ia : :
<br /> � enistena or suhsoguendy eretted.aBainst anY bazards.casuaitia,and contingtncies�inctuding fire,for which I.ender requires
<br /> ��. tnsurance.?his insurance sha116e malntained in the amounts and Por the pedods that Lender requires. Botrower shall also
<br /> ' insure aA improvemenu on the Property,whtther now in existence or subsequently eacted,against loss by Roods to the extent '
<br /> � �� required by the Secretary.All inswance shall be carried aith companies appruved by Lsnder.The insurance policies and any
<br /> � tenewals shall be held by Lender and sbaU inciude loss payable clauses in favor oP. and in a form acceptabfe to.l.ender.
<br /> ` . `
<br /> � .. � � In the evint oP foss.Bosrawer shatl give 4encitr�mmedlate notice by mail.Lender may make proof o!tos�il not made
<br /> promptly by Barrower.Faeh insurana compaay concemed is hereby auihorized and directed to make payment for sueh loss
<br /> � ' • j dira�tly to Lender,instqd o!to Borrower and ta Lendtr�oinity.AIi or any part of tfie insuranee pruca�ds may be ap�lied �
<br /> • � by Lenda,at its option,cither(a)to the ieductlon of the lrtdebtedness under the Note and this Sxurtty l�strumcnt,Grst to
<br /> ; any dellnyuent amouna apDlied in the order in Patagaph 3,and then to prepayment of priacipal.ur�b)to the restotadon
<br /> . . i or repair of the damaged pro�erty.Any applicatian o!the psoceeds to the yrinclpa!shatl not extend oe posiyone ihe due date
<br /> • ! of the monthty paymmta whicb ars refe�red to ia Paragraph 2,or chaage the a���:cnt o!such payments.Anpexcess insarance .
<br /> , r . ` procads over an amount requtred to pay ail u�u.5ta�.diag tndebtedness under e�:�Note and th�s Secudtp Uejstrument shall be .
<br /> . . :;;!;;::.:, � pafd to the entlty tegaliy entitiea th�etp. : . . �... . ;�.., .
<br /> � In the evcnt of fortelosure of tM�3 Se�.`u�'�.f�.ucaent ac cr�ser;i'rrri;_1i���cf title to 9he PtopeRy tttat extinguishq the
<br />'';;' .,�•_�.�;��:. „ � Indebtedness,ali r�ght.titie and interes�of�ccrcnav»�s and to n�tsur,���a-!'�1.�in foree shall pass ta�trt purehaser.
<br /> _ ,..,.,��,:• ..,
<br /> , .��:�.�'`''. , . � ; ; - S.Piteserratb�aad Md�tesa�ot n!eite��3;I.asNot�3.Borrmx�'�s"sail not cummit waste os tYsscroy,damage or
<br /> ��. , • ���,,,s,..��,.
<br /> • •;;;;;'',••. �;•f • ' su6slantialty.changa the Property o*a[ta�tSie P�cr,esCy to decer'r•�ra*_e.reasonable wear and teat excepted.Lender may inspect
<br /> �� ;;, ,.�:�,� �,,.'.�,_;, . •che proper[y if the property is vacant oc abandcc:�:�r the foam#s ln defaut�:Lender may take reasonable action to protect
<br /> ,;.�� . , �•� :�-•. . anQ yresenre auch vaCa..1r�t abando:ted prmpecC��,`If�Ais Security Instr�srec�c�on a�easehotd,Barrowar shall compty with
<br /> ,,, , cE�a provisions of tRe E��R Eonow�acq�,r��'�t.ti:eP:to t6e Property,tf�e t�a.��otd and Pee title shall r:�r be merged untess
<br /> � � Ltrtder�grees to the rrr�gga in writiag., '
<br /> `. ` . �>'. . ,
<br /> • r �� 6.Cdr�es to Borro�rer�ud Prof " ot LenQer'�Rights in t6e Propety.Borrower shail pay ail gavernmer��L ar�.�,.:::cipal � �
<br /> . egatges.rnes and imposltions that are not.included'm Paragraph 2.Borrowet shaU pay these obligations o:i tirr.c ds`:�evriy to
<br /> � tHe en6ty which is owed the payment.if taiiure to pay would adversely aftect Leeder's interest ln the Propertg.cpoQ Leader's
<br /> ' � ! request Borrower shall prom�lty turnish to Lender receipts eviden�ing these payments.
<br /> ,�' ` � tE Borrower faiis to make these payments or the payments rei�;�ired by Paragraph 2.or fails to perform any other covenants
<br /> � � � and'a9t�mdsts contalned in ttJs 5ec�::ri�y Instrument.ur there i�.a�[�agal proceeding thae may signi�icantly afi'ect Lender's rights .
<br /> ;! . ;; in tRe Plroperty{such as a pcaceeding i.�bankrnpccy, for cora:i.��ation or to enforce laws ar regulatinns>,then Lertder may • .
<br /> ��' , ' ' do and pay whatever i�necess�ry to protect the��a�"i�af the Properry and Lender's rights in the Propeny;�ircluding payment � • �
<br /> ..�. . ; of taxes.hazard lnsue�anca and ather items metit'ioned in Patagraph Z. . ._ _, ��•� �
<br /> ,,r:� � Any amounts dishursed bg Lender undee t1t'ss Paragraph shal!becomc ati a@ditional de�t oC_Bar�t��and be sec�red :� ... � I�`�.��:�.:
<br /> � �'�•,i • � by this SEfiudry tnsaumant. '1'Rese amounts shali be�r interest fram the date oP dlsbursem��t,�ac th�,t�ti�4�rate,aztd aC ttte � _ . � ;J �� .: �,'�,'�,;�.
<br /> , ' ' opdon of tcnder.shuil be immedintely due and payable. . . � , t� ��. ,`:. ,,
<br /> -- �� 7'.Condrmiwtiva.'t'h�proceeds of any award or claim ior dama�aes.d'irect or consequential,in connection with any
<br /> - _:- � ' � eandemnatiert ur othectat�ng of.arq►parc.o�.ehc Properey�or for convey.ance in plttre af condemnatian,are herehy assigaed
<br /> T � -' and shari be paid to Lender to the extdat of the full amount oi the indebtedness that remains unpaid undtr the Note and this � �
<br /> � � •• ; Securlty tnstrnmeat.Lendcr shall apply such pcoceeds to the�edncNon of thr indebtedness under the Note and this Security �
<br /> ' � • tii. Instrunfen4�rst to any drJlltquent amounts applied in fhe order provlded in Pgr�gwdph 3.and Ihen ta prcpayment oi pNncipal.
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