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<br /> I'' 9 -1025�0
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<br /> � ; � ��°, 1.hl��ot�rl�elp�l.l�tetat�/i,W Cr�rR.Bortowa�11 p�y wben due tbe pri�rcipal oi�and iotercst on.Ihe debl
<br /> . evldp�ced by the Note and late char{a due under the Note. ��-� -
<br /> � ; ^ ..• • ;t,�;'n'' —_
<br /> ,' ",�����,'��- . 2.Kwlbb i'��ww�ot Tuu�,Iwniut+aMl 01Me*CY�r�.BoROwa thall include in ach monthiY paymmt.to�ether with
<br /> the pdndpwl�nd interat a+set tonh in the Note and u►y lue charQa,�n instdlment oi�ny(ol t�ucn and ipecial assessments
<br /> ' . ' ...,. levlod ot to be leviod Kaiact the PropenY. (b l k a s e h o�d M 1'm�"�+or 4 round rcota on the Propeny.�nd�cl Prem!ums for ---
<br /> ,i1 . , , iatur�nee�aluind by P�raaaph 4.
<br /> � � Fach monthly instdimenl for items(�),(b)�nd(c):h�ll oqwl oae•tweUth of the Annuu amaunt:.qs reasonQbly atlm�ted by - _ __ _ �
<br /> l.rndu.plu�aa amount sutflcient to m�iMda an uldidanN bN�nce of�ot more ihan one-:ixth of�he atim+ueJ iunounta•7�he
<br /> � � tull�u►nwl ounouat for euh item:hNl be accumul�ted by I.ender with(n a period endinB one month beforc�n item would -
<br /> � become delinquent.I.a�der�hdl hold the amounu coUocted in trutl to p�y ite�(�1.(b)and(c)before they baome delinquent. _
<br /> � 1fi u aay time the rotd otthe payments held by Lenber for item:(a),(b).and(c).to4ether with the future monthly pryment6 �.^`,..�._
<br /> � ; ior suca itecns psy+Able to Lender prior to thc due dates of such items,exoecds by morc than ono•sizth thc atim�ted t�mount ot �-- -
<br /> . paymaoas�uired a pay mch items whrn due.and if p�yments on Ihe Note ue current,then Lender�hpll eitber retund the __W
<br /> • . � � �x�ov��_y�oq��estim�ted p�yments or crcdit the acass over one-siatb ot the estimwted paymems to subseQueat
<br /> I�"A'=�'r.:..���-
<br /> paymenta by Horrower,at the optioa of Bonower. If the tad of�he p�ymems m9de by Borrower for item(a1.lb),a�t�►� �,��-_-
<br /> �•{�,' inwtlicient to pay Ihe icew whea due.tmen Borroaar shWl psY to�*�f����to awke up the deHcleacy on w I�_-�-. _ —
<br /> '%�)�''�'`� befae tbe dote the item baoma due.
<br /> S.—
<br /> . :�,)�t��t:t� '��
<br /> "s�'�Yi As used in this Secudty Instnuneat. ,•Sec�etary••mau�s the Sec�etauY o`Housia�aad Urbao Development or his or ber �;__�--..�
<br /> • , � � r;:r. desi�.Most Secudty[npn�meots insured by the Sec�eurY are iawnd under pra��rams whicA nquire advance PaYmrnt oi'Ihe ��:"=-_..-._
<br /> , � ,�;;;� eatire mort�aQe insur�nve prcmium.lf this Security losauwent is or waa insured upder a pro�raw whkb did not sz'9uite adraace � ., R.. �
<br /> Psx�t at the entire mort�ge insur�nce prataiwa.then eacb monthif D�Yme+n oball also iaclude eilher.li)an installment ot tde ti,„���+y- ---
<br /> ��. jII j�i���
<br /> � '4�,����1j �.�'r`A.ffi•., �:.
<br /> :.•.j.:,, , 'aanua7 monpa4e insuraaa P�um to be patd by Lcnder to t4G Secretary.or(ii)a montbly charge instead of a mortW�c ..,im1�.C{�_
<br /> � ` ips�ccx+ncse�remiwa if this Socurity I�aslrumeat ia held by the Secrrt�.Z+•�ach monthly instalOment of the mortg�e insu�
<br /> . , :�ti�'r;�;4', premium shall be in ou waouat sut�ieieM to ucumulnte the fuU annual mort�e insurance pnmium with Lender one mont6 ' ����tiO�
<br /> `�� •'•`i�� . pdor to the date the full annual mon4age insurance premium is due to che Secrcuuy,or i[this Secudty Instrument is held by the �
<br /> � ��,�� �' � Secretary,each moathly cYarse shall be in an amaunt equal ro one•twdith of�ne-half percent of the ouutandin�prineipal �°_µ_ _
<br /> ., '.f'�i�. bdaa�x due oa the Nate. ' , •.-'"�"~
<br /> ;��.:f,��; '�-- _-
<br /> ' '+' ,,'Jf,. 1 If Bortower tendera to I.ender tlhs 6aG.payment of aU sums secured by this Security lustrument.Borrower's s�ccount ahaU be � '1
<br /> . �;, credited with the balance remaining for all iastalUnents for itant(a), (b)nnd �r0 and a�y mortgage insurence prcmium � �:''�i'"� `:?�-
<br /> .,.;,�;��• InsuUmrnt thu Lender h�not barome obUgued[o paY to the Savetary'�and 4ent1M�hall promplly reiund any eaass funds to ' �`' ••'+
<br /> � " �' • gerrower. Immediately pdor to a foreclosure sale oi the Property or its acquisinion by Lender.Borrower's account shall be .. .;;.�is�'y" '�
<br /> • ��� 1« cadited with any bdonce rcmdnin�for all installmenu for items(a).lb)and(c)• �lf,•��'�?�''• •'"_
<br /> ,.i' , . ., .::�.: - �
<br /> ��' ;;�'•t:• 3.Ap9���of M1�t�.All psYmrnts under paraYraPhs➢nnd 2 shaU be app8ed by Lender as follows: :,.;•sd,��:'':T''�
<br /> , �. . v��i
<br /> • .�'�•�" to the mortaa�e insurana premium to be paid by Leniler to the Secretary or to the monthly charQe ay the Secretum. ,�?:,;�.�,Y,,•,�;`._—
<br /> �'.,�_.� '��1�:.'�'_ �t��!the moatlsly mortEeEe inn�r�nce premium,unless Bonflwer paid the entire mon�e insurance prcmium whr��fiis , •-
<br /> .� ',�;,-*-'r—=�,.,r:��- , .__ �.,-
<br /> � '"� � • :�� Saurity In�trument aas d4ned� �'__
<br /> ,i_,L,;�,,.,�.' .. , ".
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<br /> .�;- ;,?;;.i z<, •. . �ECQND,to aay taxes,:pecial assessmenu.leasehold payments or Qround reais.smd iiie,Y�ood and other hazsud in+urana ��,:: . ,.
<br /> ��'•''"r r:i',r� ..' premiums.as rMuired� !j�� . °°�,.-
<br /> . ;�; '�';:�r,)�, ' '.t�'f?, �gQ,to int rat dueunder tfie Nae: , ,�"�':`Y
<br /> � ;,�'E` �`
<br /> � •� �� � � � ��'�;•"� UR .to amortiza�fon of the principal of the Nar. , �"�"�'-
<br /> t1,S',,'�l•�: �}'i:t�.:. �. _ '•;��`�� �
<br /> , � ,;�y,• ,,'� rJ�['j�,to late chnraesdue under the Note. , il�:•;: �' ..
<br />, .i • '�.N` ��....1�;, �
<br /> �,E7�t�Flood ud p�Ye�H�s�ud I�son�s.Bonower sholl insure all improvementa on the Property,whether now in enistence ' ,c;.'.r
<br /> " or aubsequenUy erected.a�inst any htuud�,casunitia,and contingencks,including firc,for wbich I.ender requires insurance. �
<br /> � This insurana shall be m�intafned in the amounzs and for the pedods that Lender tequircs.Borrower shWl also insur,all ;�,�;;
<br /> " Improvements on the Property,whether now in eMlstrna or subsequeatly ercctod,aeaia:t loss by Qooda to the extent required by � „_._ ys
<br /> ' the Savetuy.AI�insorance shall be carried with companies approved by Lender.The inaurana policia and any ronewal:shaf7 �;`l,:T:, ,-?�
<br /> ` be held by Lrnder and slull include lou payable clauses in favor of,aad in a form accepu►ble to,Lende�.
<br /> :��'.�..nh�?":—'.
<br /> , la the event of loss,Borrower sMall give Lender immediate notice ay mril.Lender may make proof of lou ii not made promps- ., �!•r!"�,;�.-
<br /> '•': f�;�i ` ly by Bor�owa.Each insurance company concemed is hereby authodud and direrted to make payment for such loss directly�o � � . :' i�;-'��-
<br /> ,. t�,,��4 l:, ,'� lender.instad of to 9ortower and to Lender jointly.All or any pan oi the insutance procads may be applied by I..ender.at Its .:'.' •,'',�r;;f,��,t,
<br /> t!�,.•,
<br /> , •�': ,, � ,, ' ���,r; option,dther(a)to the rcductian of�he indebtednas under the Note and�hia Secu�ity Instrument. first to any deUnquent '� � �ti ',�•,:;,, ,.;ti,,,,,.;,
<br /> �• ���' � •f?� '",• amounts appl[ed in the crdcr i� PtuAgr�ph 3,and then to prepayment ot ptincipal.or(b)to the ratoration ur rep�ir of the �:,, ?�•��:;, ;;,. ��
<br /> .,`',...� .:;rs'';l ',��fi��;,:S'`. .
<br /> f• dam�ged property.Any appUcation of the proceeds to the pdncipal shdl not eatend or postpone the due date of the montMly
<br /> ,.,'��,'�'���•. . „ payments which are referred to in Par�graph Z,or change the amount of such paymenu.My excess insurance proceeds over on f'�. •'��••
<br /> ;� ., amount rcquired to pay aY outstandinQ indebtedmess under the Note and this 5ecurity instrument shall be paid to the entity IeQal-
<br /> �,,
<br /> .. ly entitled thereto.
<br /> In the event of forecimure of lhis Securiry Instrument or other transfer of tide ro�he Property that atinguisha the in- � �;�::.
<br /> debtedneu,a11 tiQht,title and interest of Borrower in and to insurance policfes in force shall pass to the purchuer.
<br /> S, pa�aeradon s�d MdNeuMCe ot�be Properly, LadeYolds.Borcower shaU not commi: uavte or destroy, domage or .
<br /> substantiallY change the Properiy or aUow�he P�operty to deteriorate,reasonable weu and teas�excepted.Len�er may inspect �
<br /> � the property if tfie propeny ts vacant or abandoned or the loan is in detauit.Lender may talce reas�nable a�tiion to protect an�3 �,
<br /> V�:.�� � . :�.ti�; praerve such vuant or abandoned property.lf this Security Instrument is on a leasehold,Borrower ahall comply with the provi-
<br /> sions of the leace.If Borcower acquira fee tide to the Propeny,the lauhald and fa titk shnW not be mer�{ed unlas Len�xr
<br /> .. `:�:"•`:(,',';::.' :: a�rees to the mer�er fn writin�. ;'� �
<br /> , ',;,,;�1j1,,��;;�j,t,:, . .
<br /> i•�� � 6.('hu�es 1u Boero�ve aad Pro1c�U°n of Lender's WRhb Ir tbe PropeHy.Borrower shall pay all governmenaaE or muni�tipal �'`�._.,. , .
<br /> hus
<br /> �� ;4•!. � chuga,flna and imposkfons that are not included in Paragraph 2.Borcower shall pay these obligations on titr.s�liraQy to the ,
<br /> �+� e n t i t y w h i c 6 i s o w e d t h e p a y m e n t.I f f a i l u rc t o p a y w o u l d edversel y at(ect Lender's interest ia�he Propen},i�pos Lender's re-
<br /> quat Borrower shall promptly lurnish�o Lender receipts evidencing thae payments. .
<br /> � � If 8orrower fails to make these pannents or the payments required by Paragraph 2,or fails to pe�torm any other covenanss arat „•.. �:;�� '
<br /> � ag:eemmu contained in this Saunty Instrument,or there is a lega]proceeding that may ssgmific�ntly affect Lender's righss in � ' �.'
<br /> � • the�'�opecty ls�h�a p����ng in b�nkrop:cy,for condem�ation or to enforce lav+s or regw0aaeons),then Lender may dcn�i�;� �
<br /> pay whatr.,er n>�eee�sary to praect the�alue ot nRe Property and��en�n's rigC¢s in�he Propeny.including payment oi tuea, � , :; , •
<br /> � haxard inwrar+ee and�nther icems memioned in P�ragrapA 2.
<br /> . . �_�c�____� � �a.a..:.....1.�.1.�..�M.....u�r snd Fse�cerured bv IM�S �
<br /> . Any vnOUnts G�srurscd o'f ienixr unuer ii�i��aiug�.�.:.�....�.............e...._......»..--------••- -
<br /> Security Instrument.TMse um�ants shall bear intercst frmn a@r�'ate of d�sbursement,a�the Note rate,and at the oation oP ..
<br /> Lender,shall bc immedute[q due and payable. '
<br /> 7.Cwde�uUo�.The proceeds of any award or claim for d�maga,dirrce or consequential,in connect�ea M«h�nY cortdem-
<br /> eat�on or other takin�otany pan of the Propeny,or ior con��eyance m pia�:e o(condemnation,are hereby astic�neG and shall be
<br /> ( �;iud to Lender to the extent of the fuU amount of the mdebtedness�hat remains unpaid under the Note and�R�.Secunry Insuu-
<br /> man.Lrnder shall applysuch praYeds to ehe reduaion of�he�nQebtedness under�he Note and this 5ecunty Insecumen�.Ccrst to
<br /> vny dellnQurnt amounts�pplied in the ordet provided in Pua�raph 3,and then to prcpayment of principal.Any ap�t�:.ucon of
<br /> the proceeds ro the principal shall not e�tend or postpoae rl�e due date o(the monthly�ymmts, whi.h are rererred ro m
<br /> • PuaQnph 2,or changt�he amouot ot such paymrnts.Aay ee.:ess�roceeds oott an amount reqwred to pa��all rutswnS�n��n-
<br /> debtednas under the Nae and this 5ecurity teunwunc duW he pa�d co cha�mcity IcQally entitled thereto.
<br /> t.Fea.Lender may mllect fees and chuga authonzed bv rhr Secrctary.
<br /> Pu1¢r 1 ul I
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