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<br /> _•�a'^r4%IQl1�� I� t►#�wM++wplDlt�iwr�`l�'�i« . ' i I [L+n� �' e
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<br /> ° .'�-� �'r'�''.' 1.hy�n1 of�d�elrl,I�I�t�N lal�CM�.Bnrrawtr rh�ll p�Y whtn dw Ihe p�fnclpal of.�nd intemt on.Ihe debt
<br /> • '��°��::•��� wWmc.d by ih�Na��ad W�chu�a duo under�h.Nae.
<br /> ,. , `��'».,..u�..v,>
<br /> 2.Ma�lrlf h�d ot Tu�,1���nN 01Mr CY��Honowa��hd��nctudo In e�rh monthly p�ymen�,la�e�hrt wilh
<br /> ,. , .'',.�'°, tho principal�nd Inteas�to ut fanh In�thY,�b)Io�ehaldl�Ymenli or��ound11ronu�un Ibe PrnpoAYA�nd�j 1�rcmflumnefar -----
<br /> ; � ' , levled or to be levied�Ydnst�he Pro ---
<br /> in�ur�nce requlred by P�rynph�. �;,
<br /> Each manthly inntallmem for i�ems 1�),(b)�nd(c1�hdl equd one•twalf�h at the Annu�l�mounte,a�rcuon�bly atim�led by � �`��'=— •� �: -„:-
<br /> q `� Lender.plu��n amount�ufficlanl to malntdn�n AddlUon�l b�l�nca of not more th�n one•iiatl�uf tlic admoled wmaunl�.The �, , , j���n
<br /> t full umud amount for ach Itcm�hdl be accumuhted by Lender within a perlod ending one monlh before an item would �,
<br /> becamo dellnquent.I.endet shdl hold the unounts collectM In�ru�t to p�Y i�em�la),(b)And(c)before they bceamo delinquent. 6-_, .___
<br />�' d ti�t any Umc the toul of the p�ymener.held by l.ender for item�la).(b),and(c),�o�elhe�wlth the future monthly prymems R
<br /> ; for tucb itcros payable to Lender pdor to the dua dotes ot such items.exceeds by mare th�n onc-alxth the eslimoted amou�t of �ti.,�
<br /> pRymenu required ta pay such items when due,and if p+�ymeou on the Note are cunenb then Lender ahRll either refund the �,•;,.,
<br /> excas over one-�Gcth of the atim�ted p�ymeats or crcdit tha excas over one•aixth oi the estimoted pwymema to subxquant .''. ��r,� '�.��.''��
<br /> �' ..::,.�.a,....._.
<br /> paymenu by BoROwer,at the opt{an of Borrowe�.If the totd af the paymeots made by Bonower for item(a),(b),or(c)Is
<br /> iasutficieat to pay the ltem when due.thm Bortower sh�U paY to Leader�aY amouut�ec�wrY to make up the deflcfency oa or f„M--..--.---�_.----_-
<br /> ^ , before tl�e d�ta the item becomes due. !�:._
<br /> . As used i�Ihis Security lasuument. SecrctarY' meaas the SecretuY of HousinR uid U�baa Devebpment or his or her ;�;=,,,�����
<br /> .. .
<br /> dGSi�nee,Most Security Instrumena iasurcd by the Secret�ry�e insured w�de�proymms which require�dvance paymcnt Qi 1he �-�^��_����
<br /> - — ea�ire mon�e in:�uwnce pKmium.!f tt�is Securi[y los[rument ix w wps insu�ed under a program which did aot require advaace �.,..�-,_� ___
<br /> p�ymeat of the entue mortga�e insurance prcm�um,then each monthly psyaeent shaU xlso iaclude either:(i)an inualk�ent oi the �'-.'�� --
<br /> m 4, ,:.:,,�;:t:
<br /> �; aanual mon�e insurnnce premium tc�be p�id by Lender to the SecretuY.or(ii)a monthly charge instead af a mort�e :. •.•��t
<br /> ' •� ` insurnaa premium if tdis Security Cas•crxrneot is held by t he S e c r e tary. E o e h m o n t h l y i a s t a q fi e n t o i t fi e m o n��e i n s u�ncr _-_--_
<br /> ,� �Y premium shaU be in an�mouat sa�G�cient Ya accumulate the fuU annual monga�e insurance prsmium with Lender one month ; ->�•� „�wv
<br /> � ,. •���;-';-�+�_-
<br /> p�ior to the date the fuU annual mc�r tgnge insurnrse prcmium ia due to the SecreqrY�or if this SYrcurity Instrument b hetd by the .
<br /> ��'�'�.. , � . -
<br /> • ;,� : � Seioretary.each monthly eharQe shaiJ�e un an av��unt equal to ono-twelith ot oaahali percent af the oc�tsipadina pdncipal 1�`�;',.,;';` ,,:�
<br /> : ����;�: ,,'�� �
<br /> �,:�..r;.V:;%' ':;�;i:; ` brlanadueontheNote. � .5,;:+:��'�;:,�.•�,. •f.<<..
<br /> � ��'�.� ����� i����.��������.1�ri� + �-'
<br /> }��. If Borrower�enders to Lender tht fu�l pAymen•t oF all sums secured by this Secudty ins�rumen�,aorrawer's aecoont sh�l be 1<tiif(�i,,111i.:'�;!�;;-�
<br /> • �;,..r n;.:...-.�.,;• ,,
<br /> , r+�'�' •',:�• •:'t��,, • credited with the balance remalning for oll installments for items(a),(b)and (c) and any mangag� inaurance prernium I ,ej,;; ,. : •�'•`,�:
<br /> }' � �'�'�r:` � installment that T.eader has aa�ecame obNgaled to pay to the Secreary,and Lender shaA promptly refund any excess funQs ia
<br /> ' � �;' � . Bonower. Immedia¢dy prior to A foreclosure aale of the Propeny or i�s acquisitian by I.MnQar,Aanowrr'�accouni�hail be � , ;';�,tj'.r,.''`'.,
<br /> crcd(tod with aa►y bs�tance remaiain4 to�all iastaGiments for items(a),(bl and 1c�• E � '��•i,;, .;_.
<br /> . :� • } „ ,
<br /> �". .
<br /> " 3.ApP�k�tia��+i Pqse�n•AU PaYmen�s tlnder psua�aphs 1 and 2 shall be s�pplied by 4ender as follows: • � �: :��
<br /> ^ � ,, QR�,to the mort�aQe inaurance premium to be paid by Lender ta the Secrctary or to the monthly chargo by Ihe Secrelary �, �� • ,�.�
<br /> , • --F.,:r;.�:�__ ��d of ttse moalhly mo�tgn8�inauraece pmmium,unleu Borrower p�id the endre mortgage insurance premium when this � ;:� S t�;
<br /> '� ' Security Instrument was�igned: '`
<br /> '��,� . • �Q�Q.to any taxa,specia acsessments,leasohold paymenu or graund renta,and fl�e,flaod and other hezud in�u�w�ce .•.•�}':'- '•�•��
<br /> �; ''�:�. ..,�w�=
<br /> premiutns.as required: .•;t�,,,.
<br /> ' ' :� ' �(gQ�to interat due under the Note; • •��_-=.�
<br /> � OU .to amortication oi�hc p�incfpai of the Nae; ��j����.
<br /> � ��,to late char4a due under 1he No�a. �
<br /> i
<br /> �� ' I,Eirt�lr7ood ud OtYer Hwrd launrce.Bonower shall inaure all improvementa on�he Propeny,whether now in existcnce i �+
<br /> � � or eubsequentty erected,aa�in:t any hwzarda,cuu�lties,and contingencia,including fire,for whkh Lender requires insur�nce. �� • •��
<br /> � •� This insurana shal)be maintalned In the amounts and for 1he periods thot l.cnder requira. 8orrower shall also insurc all
<br /> ' � � Improvcment:an the Propeny,whether now ia exictence or subsequently erected,a8oinst loss by ito�ds to the extem required by �
<br /> ` the Secreury.All insunnce shall be carriM with companies apptoved by Lender.The inwrance policia and any rcnewals shall , , ,;�
<br /> � be held by Lender and thall include loss pay�ble clauses in f�var of,and in a farm acceptable to, Lender. �
<br /> � • In the event oi lou,Borrower shall give Lender immediate notice by m�ll.Londer may make proof of lou if not made prompt-
<br /> ly by Borcower.Each insur�nce company concerned is hereby authoriud u�d ditected to mate payment tor such lass dlrectly to I •
<br /> Lender,instpd ot to Borrower and to I.ender jointly.All or any pan of the insur�nce praceeds may be applied by Lender.at Its
<br /> �� option,either(a)to the reductlon of the indebtedness under the Note and thia Security Instrument, first to any delinquent I
<br /> • amounts applied in the otder in Parngrsph 3,and then lo prep�yment of principal, or 1b)to the restoration or repdr of the
<br /> �� d�un�ged property.Any applica�ion of the proceeda to the p�incipal:hall no�eatend or postpone the due date of the monthly ,
<br /> • � +: ., • :;;�;:ti,; • , paymenls which are rekned to in Paragraph 2,or ch�nge the amouo�of such paymenta.Any excas insurance praceeds over an , .
<br /> •{ �� , amoimt required to pay all outstanding indebtedness under the No�e and this Secu�ity tnstrument shall be paid to the entity le�al- ,
<br /> ' ly entitled thereto. !
<br /> • � In the event of foreclosure of thfs Security Instrument or other Iransier of utle to the Propeny�hat extingulshes the in• � ���
<br /> � � �� debtedness.all ri�ht,titk and inarest oi Bartower in and to insurance pollcies in force shal!pass to Ihe purchuer. � �' ': �'
<br /> i, . . .
<br />� „ '
<br />` ` ' S, ptaen�do� �ed Malote���a oI t0e Property. I.e�seholdi. Borrower shall not commit waste or datroy, dunaBe or • �
<br /> � subst�ntially change the Propeny or allow the A�openy to deteriorale,reasonable wear and tear excepted. Lender may inspect
<br /> '� the property if lhe propeny is vacant or ebandoned or the loan is in default.Lender may take reaconable ac�ion to protect and
<br /> � praerve such vacant or abandoned property.IP this Security Instrument is on a leasehold,Borrower shall comply with the provi-
<br /> ". ��, • • .• sions of the lease.It 8orrower acqulres fee tllle to the Property,the leasehold and fa dtle shall not be merged unlas Lender
<br /> , . agrees lo the meraer in writing. ,
<br /> 6.C6uges lo Bo►rower�od Protsction ot Lender's Wghta in Ihe Property.Borrower�hall pay all governmental or municipal
<br /> � chuges,flnes and impositions that are not included in Paragruph 2.Borrower shall pay these obligations on time directly to the
<br /> entfty which fs owed the payment. If fellure io pay would adversely affect Lender's interest in the Property,upon Lender's re-
<br /> quesl Borrower yhall promptly furnish to Lender rcccipts evidencing these payments.
<br /> � IP Borrower talls to make these paymrnts or Ihe payments requlred by Paragraph 2,or fails to perform any otNer covenants and
<br /> agreements contnfned in this Security Instrument,or there is a Iegal proceeding that may signi�cantly nffect Lender's rights in
<br /> the Property(such s►s a proceeding in bankruptcy,for condemnwtfon or tu enforce laws or regulations),then Lender moy do and
<br /> pay whatever is necasary to protect the value ot the Pruperty and Lender's rights fn the Propeny,including payment of tues,
<br /> hazard insurance and other items mentioned In Paragraph 2.
<br /> '_� _�_u��.....�.....aa:.t...s�d.�.r n�Mrmur�r and he«cured bv this .
<br /> Any amounts disoursed'oy icnder unuc� iiva roi.i�SiaN��a..aa......�............�......._._._._. __.._ .
<br /> l�;� ; Security Instrument.These amounts shall bear in�¢res�orara e�:¢�3.it¢cr�iy6ursemenc,ac the Note rate, and at�he option cvt
<br /> Lender,shall be immediately due and pay�Fte. •
<br /> � 7.Coodemrado�.The prote�Ms uf any�aa��::�r cltim f�r damages.d�r�s�:��r con3eqntaaal.in connection w�ieh any condem-
<br /> natfon or other taking af aay�nrc of c[te Pr.�ter�:y.or fot comeyance ae D►a�t�^t7•:ondemna:ion.are hereby assigned and sh�l be . •
<br /> n
<br /> paid to Lenda ro the eumt oF the tu[1 a�rtour.� m�l'Ihe indebt¢dness thae ren..::s unpa►d under the Vote and this 5ecurtc� Instru-
<br /> ment.Lender sl�ll npply w�P�proceedr ro che rtducuoa ot ehe indebtedness under the:�ae and chn Sr.unry Inscrucneae.�int to .
<br /> any delinquent amounts appined in tAe ordar p�ovideQ ca Paragraph),and thm to prepayinrnc of pr�nrepal.Arty��p4c�a�ion of
<br /> � �he praceeds to the principa[shal[aot e+ettad or poscpone the due date of the month{y p�yntert[s.Nh�ch arc ret'errtd to in
<br /> • • Puagraph 2,or change the unourt[o F 4ucN Qayments.Any excess proceeds o�er a�►ar¢orsae re4a�red co p�y all ourcnndmg in•
<br /> • ' ; debtednas under the Note and t6is Securicy 6netrument shall be pvd to the mtity LeQal[y enutled rhereru.
<br /> �.�ea. Lender may collecc fers and ch:irp.�s authorized by the Secraary.
<br /> ~ PaRe 2 n!I
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