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<br /> ..::?N�•jjp'i��ISYa}4'.. --
<br /> .... ... __r.�..��_ . _•J.
<br /> �.."'." a . ...+..'�. _ ,. ,. �"� u� rw. ._.�..��Y=:. _—, —
<br /> ; ' n ��: . 91- 102115 _.
<br /> , �` ;,'�� t��p�����.p�snowet dWl WY whsn due the pdnciWd of.and intera�on.th�deb� --
<br /> , . 1.Hl�t of hi�dw. p
<br /> . �, . ;�,js: avideaced by the Notc and lue charRa due under tho Note.
<br /> ., �M����q ot'�w��teanuo��M OIMK Cl��rt�•s°rtower s1uU laclude in ach monthlY psYment.to�aher wich
<br /> :'~�•,.,';�'.:. :� . the prY�cip�l and interat u set fonh in the Note ond any ute cMu�a.ne installment at�ny(p11�xa and�pecial auessmeot�
<br /> levied or to be levied�ainst the Property.(b)��hp�MY�►��a or oround rcnu on�he Prapeny,and tc)pre�nium+for r
<br /> . ",; ',� • .� ia�ur�ace raiulred by PuNraPh 4.
<br /> , . �„ _- �
<br /> _ .,f �� . _- Each monthly installment for items la)�(b)�nd(c)sh�ll equd one•twolRh ot 1he annu�l�mounu,a reasonably esNmated by � . ( .
<br /> " Lenda.plu�an unount wfficirnt to mdntain�n addidon�l balance of not more than one•sixth of�he a�imned�mounls.The � T
<br /> tull+uinwl amount[or aeh item chdl be aaumul�ted by Lender within�pedod ending one momh beto�e wn itan wauld
<br /> •� •�� become delinquent.Lender ih�ll hold�ho tunounts collocted in tru�t ta WY items(a),(b)�nd(c)6eforc they become delinqumt. __._
<br />� ' Ii a��ny time the tot�l of the payments held by Lender for i�ems(a).(b).nnd(c).ioQether wi�h tbe future monihly payments p�Y; _�;�,;,.•-�.-.
<br /> r
<br /> tor such itemspayabla to l.ender prlor to the du�e d�otes of such Item�,eacealt by more thu►ane•sixth tho a�imated wnouM of ,_. .,__,�i
<br /> - paymmts required to pny such items wl�en due.�nd ii�a�nnents on the Note ue curcent,then Lender shale„`�tho ubsequ nt ''�`;:.�___
<br /> � excas over ane•sixth ot tha estunated p�Y�ts or cndn�de e�c�ove�oae•siuuctd ot�he estimated psYm ,,•.;--
<br /> ° , p�ymmts by Borrowsr.at the option of Borrower.If the iotaE oE tRe paY�ets made bl'Q°'�r°r''�r for itcm(Al�(bl,or(c)�s :�_-__ P--
<br /> ' ���� intuiticient to paY���w�dne.then Borrower:hall psY to Le�fer aaf w°°uru�►�ess�Y ta mate up the deficiency on or ��_.��;.-..__
<br /> �`.:_l:�.-�_s._
<br /> ' � beforo the date tde item becomes due. lFL�;�.:_-�_�---
<br /> ' As used in�his Security lastrument.••Secretary'• mwni the 3eccetarY of Housi�R and Urbau Derelopment or hrnt oitbe z�`-�-�.
<br /> ' desl�nee.Most Security i�strumenu insured by the SecretarY arc insured uader Pr�agr+ms which require adY�PaY!� -
<br /> ' cnure mort�e insuraace Premium.lf this Secudty l�utrument is or wu ins������I��t�h 1������°��ot thc � �'.�""-'_��
<br /> • p�yment ot the entirc mortQ�e inaucsnce premium,then each monthly p�ym �n�p�of a mort�e f Ff�
<br /> � �nnwl �port�e Insurance pre�duan!m be paid by Lender to the Secrceary.ar tii)a momhly chsuge'
<br /> �k=•��:.�..
<br /> ituuratce praaium if thi�Secutity ia�sln►meat Is held by the Secaetacy. F.�ch mon�hly ivitalUixnt of the mon�e insurar�a i��'' � ____, i`_
<br /> prcmium shaU be in aa amount+uti�irizn�to xcc•uu+�u'ate the fuU annual mongage insurance prcmium with Lender o�e monih � _ -r�-.
<br /> pdorto tha�n ma�hly charQe�ah�be in an amount�equalito one�twelf�of one half�percent of ihe ul taad n4 princi�pal " - _�� �=
<br /> :�.. . � � SeccetarY� ":v.•��_.
<br /> •' ...:�';:'� bdance due on the Note. ��"=`
<br /> '.,,� •':,.:'';•.;,.,� BoROwePs account sholl be � .• ';i:;�`•-..
<br /> ti�••. ."�'��''�C� � If Bortower tendera to l.enaer n;he full payment of all suma secured by tMl:Securlty �nstrumrnt.
<br /> ���,:;;',;r;. � ,
<br /> •�, crcdited with the balonce remainir.g for all installmenta for items (a1. (b) end (c) and any mongage insurance premium
<br /> � insullmeat thu Lender has not become obpQated to pay to the Secretary,and Lender sholl pramptly refund any excess funds to r
<br /> crcdited with any balaac remdninQ�for'a11 InstaWnents foP items(A)r(b)AArd�(c 1� by Lenda, Bonower's account�hall be ,, ... _
<br /> b.All aymenu under paraarapha 1 and 2 sl�a��be applied by Lcmder as folbwa: ; � �_
<br /> �, 3.AppNcstb�ot P�� P • .
<br /> �R�T,to the mortB�Be inaurnnce premium to be paid bY Lender to Ihe Secretary or to tht monthly charae by 1he Secretary � ,.; �
<br /> •. �� �ng��d of[he montS�lY mortQaQe insurance premfum,unlesc Bonower ps�W thx cmlre monQ�gt lnsurance premium when Yhis , ,�.. � ,^
<br /> � ,,..,.��� . - —.... _ Secudty Inauumeni was siQned: ,. � r.�.. . ,�,.,
<br /> � �$�Q,to any tanes.special assessments,ieasehold paymenu or�round renzs,and fire�Qood and othea maaard insurance �,,,��i,��:,l���t f� � ��. {F�
<br /> ' : premiumb as requir�d� � • ,,.�t .
<br /> ' • -;,,.�,� �$,Q, to intereat due under the Note: '�."�'
<br /> � ,�,,����!i.
<br /> '. �,.,•,'. OU ,co amortizatbn of�he pdncipal of the Nae: , . , .:
<br /> ���`'� �; �j��,to late chataa due under the Note. .
<br /> �;,i ,,�. •
<br /> � ` '' ' � +.F������t7,p�r HwN I�aqnace.Bortower ahnll insure all improvements on the Propcny,whcther now in exfstena r , ,.+ i
<br /> �1 " or subsequently erected,against any hazards,casualtfes.end contingencies,includiag fire,fo�which Lender requira{nsurance.
<br /> This inaurance�hall be maintained in the amounts nnd for the periods �hal Lender requires. Borrower shall alao insure all •�
<br /> r improvemenu on the Property,wheiher now in existence or subsequentry erecfed,aeainst loss by floods to the eztent requlred by , ��.,:_
<br /> " the S�cieluty.AI�i�surance sMall be carried with compani�s approved by Lender.'fhe insurance policies and sny renewal�shall ;��1:��:,,, �T'
<br /> " be he7J by Lender end shall include loss payabte clauses in iavor of,and In a form acceptable to, Lender. •�. • ,��._.
<br /> ��•, .. ,
<br /> ln the event of loss�Borrower shell give Lendar immediete notice by mail.Lender may make proof of loss if not made prompt- ,,,.. �,
<br /> ly by Bortower.Each insurance companY concerned is hereby authorized and directed to make payment for such lo:s dirceQy to `, �i�
<br /> " Lender,{nstead oi to Borrower and to l.ender jointly.All or any part ot the insurance proceeds may be appUed by Lender,At its , . • •, ;�
<br /> optbn.elther(A)to the reductian of the indebtedness under the Noie ond this Securlty Instrument, first to any delinquent +}r���_
<br /> pmounts applied in the order i�i'aragnph 3,and then to prepayment o(pdncipal. or(b)to the ratomtion or tepair of the � , ..��
<br /> damaged propeny. Any applicati�n of the proceeds to the principal shall not extend or postpone�he due date of the monthly
<br /> �� paymenu which ate rekrred to in Paragraph 2,or change the amount of such payme�ts.Any excess insurance proceeds over an ��,, �.'�' ;��.��
<br /> amount rcquired to�QaY nl�ou[slandlnQ indebtedness under the Note ond thls Seeuriiy Instrument shall be paid to the entity leyal- �, , •.f., , "�l
<br /> � ly en�ided �hereto. ,
<br /> In the event of forcclosure of this Security Instrument or other transfer oP title to the Property that extingufshes�he in- f� l � : __
<br /> " debtedness,dl�iQht,tide and interest of 8orrower in and to ir+surance policfa in force shall pass to the purchacer. ,.� _ �_
<br /> .f.( s"^
<br /> � . ., S, proen�tlo� ard M�te�uce ot 1he ProperlY. Le�reholdr. Borrower sheH not commit woste or deytray, damage or '�:� :,
<br /> • � . .^��
<br /> ��' substantia11Y change tMe Propeny or allow l�:e�'roDeny to deteriorate,reuon�blewear and tear eacepted 1.ender moy inspect I ��. ,.�,,
<br /> �,,. , • the property if t�he propeny fs vacant or a6andoned or the loon is in default.Lender may take reasonabte ac t�on tu protcet and .
<br /> � ; �� .• ;•, preserve auch vacant or abandoned propeny.lf thls Security Instrument is on a leauhold,Bonower shall com9�Y With the provi- -
<br /> . ,,..� �••'�''• � sions of the Itase. If BorraKeT aiqulres fCe titie to the Properly,the lesisehold and fee title shall not be merged unless Lender '� j
<br /> '.t'�.:,;��'�.'.��•_': a�tes to tAe merQer in wd::n�. .
<br /> ,.�<� '��i,�.;,,;�j�.,,.; .
<br /> •,�;'.: '�'%' 6.Ch� ' -
<br /> ,, 1�Oetmwer and Proteclloo at IR�der's WR6te la Ihe PropeKy.dorrower Sha04 pay all governmental or municipal
<br /> ' ',�,'i�} � chuges,fines�uec'�mpositions tha�are not incluJcd in Paragraph 2.Borrow•er shall pay these obliga�ions on tfine dircetly to the ,
<br /> entlty w6ich is n�ed Ihe payment.If fallusm se pey would adversely uffeci 4e^��Ps interest in the Proper�,upon Lender's ra ��
<br /> quat Bonower sAall promptly i•armsh to LenBer recelp�s e��dencing these pa!•�enents. , —
<br /> If Borrower fails to make these,:a�ments or tfie payments�eG::�red by Paragraph 2,or fails�o pc�form a�y a:her ca�ertar.�:�and .
<br /> agreements contained in this 5ecuriey Instrur.�ert,or there i±A lrgsil pr«eeding that may signiCcandy a.9ec.Lendu's�:g:�zs in �p
<br /> the P[opertY Ix���a Proceeding in bankns�-�ecp.for condemnatiun or toenforcc laws or�eguiauonyl.lrt:ee Len3er may du and
<br /> ' ppY whatever is necessarY to protect the�a�aa mr the Property and Lendtr's ngQeu in the Prapeny.in�Iu�i:ng Fayment of taxes. _
<br /> y ha�ard iawra�,.�r.asd othe�ite�s nentsoned in Paragraph 2.
<br /> �:_..._.,.w,,i...,.i..���n���hic Paraaraoh shull become on adQcnorta[Qebr of Borrowe�and be�ecured bv this
<br />, _, .
<br /> _.,.. .�.�....,..,,�..t
<br />; , innr a:■n;�..s...�,.�..,»-:------ --�- - ..._---•-• -�
<br /> q Len�dery Y,haL[��geKmtmed�a e�due and pa�yable.�nterest from the date of disburu��-�r�no�•ui��a...��•��• �
<br /> 1.CNi�iioa.The praeeds of uny award�x cla�m for damages,direa or:onseyuential.�o cunnecuun with any condem-
<br /> nyti,eu or acrier taking oi nny pan of the f copetty,or(er conveyance in place uf condemnauon,ure hereb>�a.+igned and�h�ll be
<br /> pm�i ru Lender to the extene uf the iull amount oP ch��ndebredncss that remams unpaid under the N+�te AnJ th�s Secunty In�tru-
<br /> nim�.Lender shall apply such proceals to the rtduu�on of tlu indebtednas under the Note und th�+ti��►umy Instrument,first tu
<br /> any delinquent amounts applied in thc order provided m Paragraph 3.+�nd �hen to prepayment uf prm��p�l. Anv application of
<br /> ; thc pra�ecds�o the princlpa)shall not exlend or postpone the due da�e uf the monthly paYmen�s, which are relerreJ �o in
<br /> � h 2 or chan e the amount oF+uch payments.Any excess proceafs o��er an amount required tu pu>aIl uu�uandinR in-
<br /> Paragr�p 4 � nt shall be a�d to cNc cnmy le�uully entitled theret
<br /> ' � debtedntss under the Note anJ this Se�unty In.trume P
<br /> {,�ees.Lender may collect(ees und charges awhon:ed by the Secre�ary.
<br /> paJr.:,�,. �
<br /> —a _ _ _ _ �
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