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<br /> ��� '• . . . . � M�K.... • . �_ __
<br /> -- � .�.. -uL•�II9d1.�Y11!.l�•tr.. . ' - . ._.
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<br /> . �� .�.;.�:,, ; 9�— 102 29� ----------
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<br /> '!'�'�?�'`�`�+'';:!'°' 1.hl��ot 14re�M1�hMnM w/I.�N C��BoROwfr rhW paY when due the pdacipal ot.wd Interat oa,Ih�debt
<br /> �` �?�.�•�^' ridenoed by�he Noto aad 4u chu�a due uader tM Nou.
<br /> '""' � � 2.�M�W4 hyw�p af Tw��IrweMet Nd MMr��eLa.�wer�h�!include in acb monihtY P+�Y�4 tasether with
<br /> _ .4:. �q_ ��.`.��'.. �.. �N� W�
<br /> , .•e,,. . . � ; :.� t6e nrinciWl�nd in�erat u sel tath in the Note�nd any late cfiu�es.�n initallment ot�nY U)�ua�nd�pccW auessmenu
<br /> ° . `:', � kvied or to be levkd�lau the Propeny.(b)leasehold WY�b or�round rontr on Ihe PtopertY.and tC)Prc�u� f� W--
<br /> • ,.,..., � . .
<br /> T,�,C :,�..;r,.A,�i iuturonoe tequirod by Para�r�ph 4. _
<br /> ,� ,�..,,, �,
<br /> • • .. . _:.,,,;.�:._ :_ gach nwathly incallmcat tor item�(ab lb)�nd(c)ih�U e4w1 one•twelfth of tho�naw�l(unaunu,as rason�bly eqim�ted by
<br /> . '". . L.enda�plu�rn unouat�uttldem to m�int�in�n�ddiuonol twlAacc ot nat marc than oneaixth oi�he es�imned�mounu.The �:`..�':_-�_^ ---_
<br /> a r�%i•'': •' tuQ�nnual aa�ouat tor euh itan:hW be iwcumulatad by Lender witM��pedod endia�onc month bofore+u� item would -
<br /> �, .�>�'�•? ,#•'•.'y� '; . beaane ddinquent.l.ender sh�ll hold the amounu collected in irwt to p�Y itemf lU�(b)�d(c)before they become d�flnquant.
<br /> � t;a,.:;�;;� It at�ny tfaie tAe totd ot the paymem�held by Lenda tor itans(�l.(b1��nd(01.to�etha With the tuture monthly paymenls
<br /> :•�;..,.. .,
<br /> ; •��°� ° �� - tor such itemi pay�bk to L.ender prio�to the due dues oi wch itemi.ouceed�by more�h�n o�e•ri�th Ihe atinuued unount af
<br /> em pi��oa the Note we curnnt,�hen Lende�shdl eUhe�rcfund the
<br /> L,.,:r ; •��,; p�ymmu roquired to p�y auch items whm due,and if paym enu to subscquent
<br /> .,.. QxCEfs pVC�OAQ-si�tM ot the atimued p�yatien��or ctedit the oaass over ona•siath of tta estim�ted p�Ym
<br /> '�'' � .: .' ' ia�uftidrnt to ps�the item h dae,then Borrower eh�U Wy to Lendar�uiy am unt�n b�t m�ka pihe deflckncy on w
<br />�=•�;•. • � before the d�te Wt i�cmm becoma due.
<br /> �•: . . .
<br /> f , . .�.� ;, , �����x I�i�p."��r••me�as the Savetuy of Houcin�+u�d Urbm Development or hist of ho �-
<br /> „ � " � ��,.M����es f�ued bY t!rc Secretuy ua Insured under pro��u which require�dv�nce p�ymeri
<br /> � .,;,�.__. ,�,ag tp���ty lasuument ia or�+u in:ured under a proYram which did not require advance - -�-
<br /> .�. i.,,, ., . mt�rc oiwrt�e imunaa Drau+ -- -
<br /> ' •.�..�.•• . . � �' papmmat o t t A e a a i n e mo r t t�e insurance prcm�um.tden aich monthlY psYment ahdl also include cither:q)�n in�talUnent oi�he _
<br />- �unual mortpte ins�a�nce pramium to be paid by Lender to the Sec�scarY.w(��)a monthly chuBo inae�d o f a mo r t�e
<br /> _ . .. � �u
<br /> ---`- iosuraooe pmpium if tbit Secudty lastrumeat i:held by the Sea�staey-Each mouthly inuvlment of the mortQ�ae insuraaa _- -- - -
<br /> ' � • premi'um shdl be in�a anount:uifldeat to accumulate the tutl uauual mat�e ins�raax P��"'�th Lender ona month : �f��
<br /> p em�
<br /> .J „ prior to 1he due the full aaawl mort�e� �Pr�� to oae-tweli'tb�o�i oqe�Mli percea oi the utst�adin�e1Drinc�Da1 �Y��_�'_`_��^
<br /> Secretuy,each moathly ch�rQe shaU be � _—__
<br /> •� ° • balance due on tAe Note. —
<br /> , __.,�;;.,
<br /> �� if Horrower tenders to i.ender the full paymeat of all sums secured by tAis Secudty Inauument.Bortowa's aonwat sdall be �Y�:_�,
<br /> ..'.. ,. �t��th tho balana remaini�6 for all instAllmienu for items (al. laD a�:d(�)��y mortpBe insurAnce Premium r , . , _;,�;_
<br /> � � inst�lhamt thu I.euder h�s not become ebli4a�ed to pay to the Secretary.and�.ender:haH promptlY refund any excas fuads to „
<br /> ' ��;�n �� �, Borrower. Immediately p�lor co a foreclosure sale of the Propeny or iu acqui9idon by Lender. Borrov►'n's kcount shwll be �".��,4 H
<br /> . . �',i��tl;•���'�• cradited with any baWice remaining for aU instaWnents ior kems(a).(b)and�cl• - _...
<br /> :::.��:1«�:;%�.,. ' ��T'f a
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<br /> . �}��� ;,f'h..:;'� 3.AopNnu�o■ot P•rwe.a.AU paYmenta under para�aPhs 1 and 2 shaU�e applled by Lender w folbwa: ,• �:
<br /> j�J$,,�,to the mortQage insurance premium to be paid by Lender to the Sec2aary or to the monthly charQe by the Secretary ! - ,_;� A � :
<br /> A',�.,��� iostead of the monthly mones�e insurana prcmium.unless Borrower W�id tP�e entue mort�e insurance premium when this �Y��y Q�_�,
<br /> �.�Yij�i�\�ii���
<br /> ____ $�'Yf�ty�1IflfUlllql�a'YS 5��11lG��
<br />....�, ' . �ECONQ.to any taxes.spe�iaC as�r�ments,lca�ehold paYu�ena�ar�ouad ranu�and fire.tlood and other Iwzard insuraace �r,
<br /> ^ praaiurtw,as required: � --
<br /> �'1 t : �i�i•
<br /> � ', " � :'Af�".�.;, :.;.e•.," �,to interdt dux und¢r the Note; ���;.:__
<br /> ,),,. �� , � UR .to arraanLza�ian of the principal af Rde Notr. ,„�R,�«.,_�.
<br /> ,, g¢ t5...,.••�� .. : _
<br /> �,F.�,;:i .� E��.to late chargea due un�isr tde Note. ���`'
<br /> .:..�..ni;. ���1��+�q:`iic*.�_;c
<br /> ' 4.E7m.Fbod qd Qt6er H�aar�daw�x.Borrower sholl inaure aU improvemmu on the PropertY.whether now in e�iatenc;e (,�..:;tik�,'::;:. :
<br /> ' ,�...•.•-'i ,•�.
<br /> .•,`..�r�•:..:i; .
<br /> • i�;: +;; or subaoquendy erected,aaainst any hazards.caaualda.+�nd continQencia,Includin�Bre,for wbich Lender requires Insurance. 1�' �:,;:,:+��-1, _,.
<br /> """�!,'�.,,,,i1�• This insurance ahaU be m�intained in the amounta and for the period�that Lender requires.Borrower�hall also iruure all , . -•�,�
<br /> � improvements oa the Property.whether now in existmce or subsequently erected,aeainse bu by floods to the atent required by ��� �-�'
<br /> � the Secretary.All insurance shall be carcied with companie.4 approvod by Lender.The insurance poUcia end any renewds sfull ( -LX.S�,_'•-.-..�
<br /> be held by Lender and:hall include loss paya b le c lausa in favor o f.a n d i n a f o r m a c c e W a b l e t o,[.e n der. � =��•.. , __
<br /> n la the event oi bss,Borrower�hall Qive Lender immalftte notice by meil.Lender may nulce prcwf of loss if not mnde prompt- 1 =-
<br /> ^ ly by Borrower.L�ach insuruice company concerned is hereby auihorized and dirceted to make psYment for such lou direct4y to �� _____
<br /> Lender,instad of to Borrower and to Lender joinUy.All or any p�rt of the in9urance proaeds may be applfed by Lendr,r,at its 1 �.:-_
<br /> option,either(a)to the rcduction of the indebtednas unde� rhe Noie and this Securiry Inatrument, frst to any delinquent � • . , -. ,
<br /> � amouats applied in the order in Neragraph 3,and�hen to prtpayment o!principel.or(b)to the ratoration ar repalr of the �„ ^.;,,�i�S;.
<br /> d�m�eed property.Any application of the proceeda to the princlpa�l fhall not extend or postpone the due dAte ot the monthly k .�x•,;�;;+'
<br /> .�� !
<br /> � • ����"• � payments which ue rekrred to in Parayraph 2,or ch�nge the amaunt of auch paymenta.Any eacas insurance proceeds over an ::. ;� ;�•
<br /> � " �.:, �r�;:_;•t,,� �, amount requiral to pay all outsta�ding indeDtedneu under the Note and tMb Secud�y Instrument ahall be paid to the entiry le�al- . :�___
<br /> i,-. . � t�� '�...�.•RS�[,
<br /> •."'lr�vrc!; ly entided thereto. � _t;;.'T-
<br /> �. In the event ot forcclosure r7 this Security Inetrument or other transfer of tide to �he Propeny that extinguishes the in• nLL___
<br /> � . debtednas,�II ri�ht,title and inisrest of Bonower in and ta insurance policia in force�haU pass to the purchaser. ,,,�,;r;
<br /> " � S.'Are�en�tlw ard M�te��ce ot 1he Property,I.auehdd+• Borcower ahall not commit waste or datroy,damaBe or
<br /> eu'bstantiaUy ch�nge the Propeny or allow the Property to deaerdoiate,reawnable wear aad tear excepted.Lender may inspect ,
<br />;,'r, the propaty if the property is vacant or abs►ndorad or the IoaT is in default.Lender may teke ieasoruible action to protect and
<br /> preserve such vacant or obmdoned propeny.If this Security I�strument ia on u leauhold,Bo�rower shall comply witb the provi-
<br /> „ sion�of the leate. If Borrower acquira ke title to the Propeny,the leasehoid and fa ti�te efiaU not be metged unlass Lender �_
<br /> ' . a�as to the merQer in writinQ.
<br /> '�'`"`'� �� 6.ChuYa lo Borrower�nd Pro�ectlos ot Leader's Ri�Yb io t�e Properly 8enower eCa:l�na4�Bovernmental or municipal '
<br /> �;. •�;.
<br /> � charga,fina and impositions thaa u::not included in Puaera�h 2.Borrower shall pay these�03�%�8���ons on time direcdY�o�he
<br /> !� '� entity which ia owed the paymeae-Cf Jailure to paY would�dv¢JS�iy afiect Lender's iatera�in Ihe Propetty. upon Lender's re-
<br /> quat Borrower ehall promptly furnish to Lender receip�s evidenc�nQ thae Rayments.
<br /> !f Borrower tails co molce these paymenu or che poymenrs rcquired by Para�apb 2.a fads to periorm anY ocher coveo�rtes and
<br /> . • agceeatrnts contairied in this Security Instncar,eac.oQ there is a le�al DroceedinB�hat may s�gnificantly aftn-c Lenda's rigAu in
<br /> e
<br /> rtt}e pmperty(such as a praeeding in bankruptcy.for rondertw�ooLender�s riQh slin the Pnspeny,includln�paymenc nf eaxe+•
<br /> , �«i'wnever is neceswry�o praat the value of the Propeccg
<br />' •� &a�rd insurance and other i[ems mentioned in Paragrap8 2.
<br /> , � .�. . �:_...._y,�..�M.a......a...�,;.v�..oranh chall became an additlon�l debt of Bortower and be secured by tltis
<br /> ..--- --•---
<br /> _ . . '. _'_ . � fU1y NINYI�tDY�iVY�iM1V v� ����v�� r«��. ....�.� .. .
<br /> Secudty Instrummt.These amouMS shall beu intereu�frnm the dato ot disbursement.�t the Note rate,and ai�ne opiion ui
<br /> ' ' Lender,shall be immediately due and payable.
<br /> l.CoNerrWo�.The proceecls of any award or cl�im for dunaaes.direct or.onsequential,in connectwn Nith any condem-
<br /> nadoa or other takin4 of my put of the 1'roperty,or for convtyanee in place ot eondemn�tion,are hereby ac�igned and shaU be
<br /> + ' paid to Lender lo the extent of�he full amount of the indeb�edness that rcmains unpafd under the Notc and this 5eturity Ins�ru•
<br /> ment.Lender shdl apply such praceeds to the reduction of the indebtedness unde�the Noie and�his Sccuri�y Instrumcnl,�rst to
<br /> =, any deUnqueat amounts applied in the otder provided in f'aragraph 3,r+nd then to prepaymem of pnnc�p�l. Any applrcnuon uf
<br /> the proceeds lo the principal shall not extend or postpone the due d�te af�he monthly payments,which are referted ta m
<br /> �� • Pangra�h 2,or chat�e the amount of such paymrnts.Any excess ptoceeds over an amount reqwred to pa�+II��utct++aJiaµm-
<br /> debtednas under the Note and this Security Instrumem shall be paid to�hc en►uy le¢+�Ily eouUed thereto.
<br /> � �.fea.Lendt�r may collect fees and charQa authorited by the Secroury.
<br /> . �
<br /> rQa.2 oJ. I
<br /> ! � i
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