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<br /> . . M•a i M��d����u�r�"o�w�` Bn�oNrer.b.a i�luae ia ad�a�oMbl p.�nnnt. - —,�
<br /> • io�el6er�die pddeipd rnd inlerat at set t�or�b ia die I�iale adf an We clw�ea,�e�af�ta�t�xet�sd
<br /> �OIC�w1�0i��OY�C�t0 b0{OY��IM f11Q plf�O�Lyr���Q�y1b011{L Q prllMld IE�1�OA 1�11�yr�
<br /> (C�p1�0A�llplf�0!�f11�100 t0�Y�101���1�1�4' �,,,,`� ,
<br /> �1 IO�y�O�MOQI�Of�bf1{�(a�. (b�� (�)s� �•OIIQ-1N�0�1 bt 1}IO alYMli�b110Y1kt.� (�1Y011�f�
<br /> c�timst+od By Lcadir. ua ata�nsount sul�dtat to mai�dn ta wdditionn)balm�cc M'nat �ona th.n ane-si� d�e
<br /> atin�Med�mouab. � 1WI1 mawl�ataunt far a�itan �11 be �a�unul�ted bY l�nder wuWu a period �ane
<br /> maMh before�n ilan w�kl bo0ome delitw�ue�M. L.eoder dMll hoW Ihe+�n'�ouMs oollectod ia tnat�o p�y ilaia�(��(b iad
<br /> (o)bafa�e d�ey beooab delinq�eat
<br /> If�t any dwe We taW ot tbe p� heW 6y Ladet tar aartu(�).(b)�od(c). wii�h the funma mo�Nbly
<br /> p�ymenu fa�uch itaps P�Yabb a�priar ro tbe due d�ta of wch itemc. ex�mora tl�o oae�i�Ctb tde
<br /> es�timued�uaunt uf P�Y�m�9�tap�y u�fi ilertw whn dne�wnd if p� ta an 1ha Nae are cwraM�tbea L�awler
<br /> � ahdl eitlbr rctund the excas over aie•si�th af the eqi�a�tod p�y�au a�e:ocu over ane-tistb of d�e esNm�tcd
<br /> • �ymcna co wbse9�P�Y�bY Bo�Ow�er..��be opdaa of Bamwer. If�he�oud of�ha pymaus made by B�mo.�er
<br /> ar item(+�).lb).ar(a)is intutYkieat lo p�y the itan when duo.�hon Borrower sh�ll pay to L.a�der�ay�unownt�eoe�sa�y w
<br /> � tnRita up tbe detickn.y a�or t�et'ae Ida d�te tha itpn beoanes due. �
<br />- � Ac used in this Sacu�ity itiqtuma��"SecrolarY"mean�the Soct�etruy of Nou�ing and Utban DavelapmaK a Yi�a her
<br /> desig�. In my ye�r in which Ihe l.a�do�muctp�y�mmtgi+ge insun�nco pnmium a the+Secrctary.each raaathiy p�ysmt
<br /> shdl also include eather: Q) �n inqallment of the annwl mortg�ga lnsuance p�emium w 6e p�id by Laoder to die
<br /> 3ac�eqry.a�(ii)a mamhly chuge iastad of a matgage insur�noe pnmium if this Securiry Insdumeau U hdd by�he :
<br /> — — Sawtmy, Rach m�+n�blY in�llmran nf the gsge Innaence premtum shaU bo In iu1 tunau�q eut�ick�nt to a�cunN�l+�te d�e� _
<br /> full mnud mortgag� iasur�nce premium wi�tx�der ane manth prior to tha date d�a full aanual matgago inswae�e .
<br /> _-- pemium ia dua w�iie Secrenry:ar if tbls Security Inurument i:trcld�b the Sev�etary.e�ch maathly char�o rbaH bv io aa
<br /> i amount equal w ane-twelph of ane-IWf pemnt of the outswnding bf�lance due on the Note.
<br /> I if Bortower tenders m L.enrler�he full payment of all sums secured by�his Security Instrumen�Borrowerti Acxaun
<br /> _ ' shdl be crcdita! wlth the balmce ranaining for all installtaaits for itarw(a).(b)and(c)and any mcMg+ige insur+nco
<br />,_;� � prcmium fnsWlment that Lender has:wt become obligated to pay to the Secrctary.and Lender shaU P�P�Y refund my
<br /> cxcxss funds w Borrower. Immediaoely prior to a foroclosue�e sale of the PropMty ar i�a xquisitiao by L.ender.Hawarcr4
<br /> -= l accouat sha116e c�edited wlth any b�lu�ce remaining far all insWlmrnts for items lA�.(b)and(c).
<br /> I 3. Applicatbo d P�yuada. AII payments uadcr IParag�phs I and 2 stwli be applied by Lender as follows:
<br /> �'C.to the age insurance p�emium w be pw�od by l.ender to Ihe Sxrd�uy ar w the monddy chiugo by the
<br /> �g "d
<br /> , Sa�instead of the rnontldy matgage insura ice premium;
<br /> I .w any taaes.spxial�scesa+nents.leasehold p�ymeAt�ar gtound rents.and fire.flaod and otkr ha�ard
<br /> - insurar�oe prcmiums�as rcqwred:
<br />_ --`'� - --- �,w interest due under tAe I�Paie;
<br /> t.�$+ �j$(�,to�unanizatian of the principa!of thc Nde: , .
<br /> � 'ti t,a .a:w;�':. F��i+W late chruges due under tf�e Note. ' '.
<br /> , .� ,�y�.,,.., 4. Firs,F7ood aad Other Hsmrd lasvranee. Borrower shall insure all i�pravements an lhe PropcAy,whether now .
<br /> • ••����;:=i � in existd�ce or su uendy erected,a ain,t any haza�ds,casualda. and condngcac�es.including fir�e. for which I.eader
<br /> ,G��1i ,
<br /> '�'� �R• '' ` Rqui�es inswmce. is insurance shal�be maintained in the amouncs and for the periods that Lender requires. Bornower
<br /> ',{ ";f9'+,�• ��;.:��:�.•• I sfw1�also insurc+d�improvements on the Property.whether now in existence or subsequendy erected.against loss by floods
<br /> - �,��4� � to the extrnt requircd by the Secretary. All insurunce shall tx carried with companies approved by Lender. 'Ihe insurance
<br /> policies and rny rcnewala Shull be held by L.ender and shall ioclude loss payable clauses in favor of,and � a fam
<br /> ~ "`:;�'� ' aaxxptable to.Lender.
<br /> : � ' a
<br /> � ,,. !n the event of loss,Borrower shall give Lender immediute notice by mnil. Lender may meke proof of loss if not
<br /> .{��� �,;;:�t;.�;, made pramptly by Borrower. Euch insurance company concemed is he�eby authorized and di�cted to make payment Por
<br /> t � � - such loss directly to Lender,insteud of ta Borrower nnd to Lender janely. All or uny part of the insurance proceeds may be
<br /> ;•h!!�:'�.>-
<br />_' ',^r• `-' ••��.�•�:°' app liod by Lender,ut its aption,aither(a)to the reduction of the indebtedness under the Note and this Security Insuument,
<br /> ' '"'��'r%�,t'c'''• '° ` fiist to en delin uent amounu u �ed in the order in Paro m h 3, and then ta re u ent of rinci or Ib) to 1he
<br /> .� Y pp�' B P P P Y!� P P��
<br /> � �.41�'?t' ' rcstoration or re a�ir of U�a dama ed rt . An a lication of the roceeds to Ihe nc� al shnll not extrnd or s
<br /> '�.�i,;�... � P � P�'oPe � Y pP P P� P P� �
<br /> • ,.��;;_�:''� �•• the due date of the monthly paymen4a whic ure refemed to in Paragrnph 2.nr change the umount of such payments. My
<br />:,� "'4• ''`� • eacess insurance proceeds over an amaunt reyuired to pay all au�standing indebtedness under the Note and this Security
<br /> Instnunent shell be paid to the entity legully entitled there�o.
<br /> ''. ,?��i •'- In Ihe event of foreclosure of this Security Instrument or other tranzfer of tiUe to thc PropeRy thut extinguishes Uu
<br /> '��-fi��°`���- indcbtedness,all ri ht,title und intercst of Borrower in ond Ic�imuran�:e liciex in force slwll �ss to the urchaser.
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<br /> �ik. . S. Occupancy, Prese�vation� Po P
<br /> MAintenance and Protectlan of the Property: Borrowe�'s l.opn Applkallon;
<br /> ' "' l,ease6olds. Horrower shall accuy establish,nnd use the Pro n as Borrower's rinci ul residence wfUtin six da a
<br /> Y,�' .«.'.. .a. _'- P . Pe Y P P �Y Y
<br /> � ` after the execution of this Security Instrument und zhall continue to occupy�he Propeny u.�Borrower's principal residence
<br /> _"� - 1 • for at least one year a8er the dnte of accupancy,unless the Secretary determines this reywrement will cause undue hardship
<br /> =�r,_ � ;,h�,y �;i;... ' _�
<br /> ,�,..�,.,_.;;,f tor Borrower,or unless extenuoting circu�sts�ncex czis� which ,u�e t►eycind Bormwer: control. Borrower shall noufy _
<br /> �•.r•- �;..�;,kf�..sA.•��.. Lenders of any extenuuiing cinumslances. Borrower shall nc►t commit wu�te o�destroy,damage or subs�antiAlly chunge
<br /> • t .. • the Pmperty or s�llow the Property to deteriorute,reaxonable weur and tcar rxcepted. L.ender moy inspect the Property if the
<br /> •�+ Property is vacant or abandoned or Ihe loan is in default. L�nder muy tuke musonuble uction to protect und preserve such
<br /> ''�� vacant or abandoned F'ro n Bormwer shull al.o t� in defnult if Bnrrower, during the luan upplication pracess,gave
<br /> ��'. `,_ ��:.__::;�;;,: !x Y• , �-
<br />- °�r---,.- -.--:-..���5�•�, muteriall� fuls� ui inu�iuiate informatian or statcmcn:s to Lcmlcr lor fail�d to providc Lendcr with any matena! -
<br />' ,. a.,;t.�•�. �+?'v inPormanon)in connectir►n with the lonn evidencrd bv the Notc, including,but nut limited to,representations wnceming �;
<br /> ,b ' 'J; •.: ;, '�:1<':�Y�J• Horrower�s occupancy of 1he P�vpeAy as a principul resi�lence. If this Secun�y In�trumem i.on u leacehold,Bn�rower sh�ll T_
<br /> �U`'��'t�,'��(����"•�:'�t•Y comply with the provisions of�he lea+e. If Bormwer ucyuires fee title ro thr Pn�ny,the lea�ehdd and fee t6�da shall na �
<br />— ,�j�P��i.'!'(" a��•,l�r r:,.,.� —
<br /> ti�: ;,.,1�y�;1�; �^ ..i;:..,,,r be merged unkss Lender ngrecs tu the mergcr in writing. _
<br /> -�t..�,� .•�;{,?� :s,:?:.;;i.=°;'°�, 6. Charges to Borrower and Protectlon oP[.ender's Rightx in Ihe Property. Borrower shall puy all govemmental __
<br /> �r��` '�• � '�'nj or munici�aE charges,finex und impositions thnt ure not included in Yaragn+ph... Borrower,ha�l}+ay these obligations on
<br /> t�s�`�#� � time directly�o the entity which is owed the pnyment. If fuilure�o pay would udvenely uffec� Lender's interest in the
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<br /> :;,•;••;; r�,�;:',:, ,'�i.s�xaa►.4•: Property,upon Lenderk request Borrower shall promptly furnish to Lender receipts evidencing these payments. �
<br />�`� •{ '':i�:;�.:��`' ��:�.�.�:. � If Borrower fnils to make these payments or the pnymentti reyuired by Parngrnph 2, or fails�o pedortn any ather °•
<br /> ''-u �t'�� �' �" � • � covenon�s and agreements conU►ined in this Security Inx�rument,orthere i+u legul praceeding that ma�+�gnificpntly affect �
<br /> T,.•� �„ ;,,.,s _ .. Lenders Hghts fn the f'roperty(such as u proreeding in oanKrupuy. lar condemnancm or io enione�uwt or r�guiuii�niai, o-
<br /> ����.,_ � �• then Lender mgy do and pay whucever is neceswry to proter�t6e �alae of the Property und Lender's rights in the Property, _
<br />_ ,�;t nt�sr��+°"'''•^�•� in�luding puyment of taxes,hazard insurance and nlher items mentioned in Puragmph 2.
<br /> ` � �'"' � ^:�- My amounts disbursed by Lender under this Yuragraph shall become an additionul debt of Borrower und be secured ,
<br /> ��i;°.�..
<br /> - 4�-''����r��`� b this Securi InstrumenL These amounts shnl) bear interest trom the date of disbursemeM,nt thc Notc rote,und ut 1he �
<br /> - `';t r_ _.. . -
<br /> ' '�'"'�r�+-=;�.w�: oYption of Lender.shu11 be immediately due und payable. =
<br /> � � • ,,�`���f.; � , � 7. Candemtwdon. 7'he proceeds of nny awurd or cluim for demage,�,dirce�or conseyuential,in connection with uny =
<br /> � �'����t � �;�'.'�,:� condemnatian or other taking of'uny part of the Property,or for conveyancc in pluce of condemnution,ure hereby nssigned `
<br /> � . ��l.�t�•` `'.'��. ���:;; and shall be paid to Lender to the extent of the full umoum of�he indebtedness thut remuins unpaid under the Noie und�his
<br /> "°�'°' . `'s•,��i'14�'�' l�v'+�' ),. Secutity Inswment. Lender shall upply surh proceeds to the reduction af the indebtedness under the Note and this Security
<br /> �:�'�`� �1 s' "'' ' lnswment, Prst to un delin uent amounts n lied in the order rovided in I'ara ra h 3, and then ta re a ment of
<br /> ' i,;,:',...+;�� ���� , Y 9 Pp� P 8 P P P Y :
<br /> • $�i.,�y�,t,�• .�: r,, ptincipel. Any application of the pro�.�eeds to the principal shall not eztend or postpone �he due date of the monlhly -
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