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<br /> L. d rri�eMl.Yw�r wN.4� M,.ro�.M.�pq�.�Y.�..IMe r�L�}r.��r il�w.a.�.
<br /> .—�----- �-���� --- +�.�te�lr�r-Mr�MiM�ae�LraMe�s�wi�Ml�ul�. ' - - �_
<br /> �. MMN�y �7Y�►b�rra�dU�� D�no�er�I inelu0t r wd�M�DiwM•
<br /> " �o�l�wIi ie�Ipa��ad i�IMnt�s�at Ea�W is�b 1WMe �r�r Irl�e6�e�.���I a�,(� Mr�M�dl
<br /> �pecW�wo�ee�n lavled ar M�Ee lsvlyd�pio�t�he Pi�ap�rty.(b)M�iold P�7���M��a�tbt il�o�Mey.�d
<br /> � (o)lwa�fo�il�r+�oe�e�ed bp Pl�rapk'�.
<br /> B�aY e�o�Yr i� 1br i�(��(b) rd (e) ai�U aqwi aue'twYV d 16b a�w�l a�o�nu.as tw�o�b�Y
<br /> esdmatp!t�y L�de�. m �t m� an�ddkional bd�noe ot nat rnore ti�e a�i�Y d tMe
<br /> srlirled�m�, �A��+�pauat tar a�eh il��bdl be�oaeaWred b�►l.tioder s�bb •p�iodp�aee
<br /> oai 6etae�s i�eno wo�u{d beca�e delE�ueat. l�rder�WI IaW die�aoaeMr oolbded M tnat b pry i�r(��(M)�a�d
<br /> -: (c)�U ���tbe�d�a�a haW by i.a�det far ileast(�).(b)aod(o�1o�t wfth ihe Wpre montbly
<br /> pRymaah far a�d�ifeas py�ble oa det priar b t6e due d�ms of iuch itam�.exoeedt b�y ano�+e d�a one�tlh tr
<br /> �atod aaw�t d p�y�n roqutrod top�y a�ch it�wha�due.+�nd ifpy�n q ao tbe No1e a�e cu�rrait,then I.e�der
<br /> duU eiWor rdlund the excea ov�a one•�cth of tho�ted p� ar caedit the excw ov�er aae-ad�ah A�tbe atimMed
<br /> ymenn er
<br /> p�y�a��iab�ent P�Ymenu by�o�mw�r��t Ua opiaa of Bamnw�u U�ho wuil of d�e paymenu msde by Boeoa�er
<br /> � ibr ilnn(a).(b).a(c)b iawfficknt ta pay the item whon due.tha�Boaowa�II p�y to I.eoder aiy�naet neoe�ury ro
<br /> m�to�p the de on or beforo tho d�te the item becanes due.
<br /> As�od b�db�pn��insdutnen�"Sec�et�ry"mans the SecrowY of Ho�uiag aM U�b�n Dave)po nrent ot his a her
<br /> d�, ia aoy year in w Ihe l.eeder mustpry�matg�e iasu�ooe pamium W the Seaetary.each a�andd7 P�7�
<br /> a�also L�clu�de eitha: (i) ae ioaplbn�nt aF the amwal mo�tgago iruur+�ao��tu ba��beW by tbo
<br /> --
<br /> Soctatary.ar(ii)�a�aathly ctw�c imtead of�matgtQe inwanoa paniu�a�, Sea�iq►
<br /> _.�. Soe�eury. B�ch mond�ly inpdbaa�t d the inamnx pemiwn�ll be�n ao roouiM wfficient to�ocumWate
<br />_ - -- -_ � lidl sumwl c ia�r+nce.� wi�mte a�eml6pnos ro!!se �!c thc ft�l1 �+nnen�t �xtg#�+inR+r+noe
<br /> p�apiwn is�Sx�uy:ar ii this Security fastrumeat ia held 1he Socntary.each a�onthly clur�e�haY be ia aa
<br /> amount equwl to me-tweltih of one-h�lP peioau of�he out�ding p�bal�e duc aa the 1Vote.
<br /> U Bocrower kr�das to Lender tbe fuQ pa►y�r�t ot�ll aums secured by t6ia Securiry InsWmeni.Bonowerl��t
<br /> -�-==;� sh�ll be aralioed wit6 tl�e Ml�x rr�naining fcrr �II insnpmmtc for items(a). (b)�nd(e)ud AuY�o ins�ua�oe
<br /> :�`°:— premiwn inaWl�aeat tlut Lender hss not become x�bli.�ted a P�Y����Y•and l.a�der slWi Pro'u�P'dY tefund�ny
<br /> ":�,.� .b�s�fuads b Bamnwer. Immediately prfor to a fuda:bsu�o sak of tbe Propniy ar Itc aoquicition by Le�qd�r,lla�rowerlt _�-
<br /> �r- aocouai shell be c�editad wlth any Mlance renwining for dl inualiments for ltema(n).N)+�d(c)•
<br /> •�;;;� 3. �f d Pa�eat�. All payments wider Puagrapha 1�nd 2 ahall ba applied by La�der a�folbws:
<br /> °"-'°'•,� ro tha matgege insu�nce premium to be p�id by L.ender w tfie Secnewy or w 1he monthlY char�e bY the
<br /> _�v in�esd of the monthly mortgage insu�rnce pnmium:
<br /> - _.��__.� �.ro�ny taxes.epecia!ascessments.leueiald p�yments or grouad rEnis.and fu��tlaod and otder d�zard
<br /> --_ - insu�arwe p�en�iuma.astequired: . .-
<br />_ _�_=-°�" ��to intenest due wder Ihe iVote;
<br /> ...� l�.w unortiz�don of the pdncipal of the Note;
<br /> to lue charges due under�he Note.
<br /> _��-- 4.�ire,F'iood ond OWer Hazard Insurnnce.Borrower aha01 insurc all improvements on the Pn�erty.whether qaw
<br /> � ,�{> ia existence or sub�quenUy ecected.against a►v Ruzards, cesualtks,and con�ngencies,including fire,for which Leixlcr
<br /> '�=��r',
<br /> , ,-, requires inswana. 'I�iia inswance shell be main�aer�d in the amounts and for the periods tiwt Lender req uires. Borrower
<br /> ahqll aiso msw�e�II improvemenl�un Ihe Piuperty. whCtl►er�ww in existence or subsequently erected.ag�tnst loss by flax9�
<br /> to 1he extent requbed by the Secretary. All insurance shall be carried with companies approved by Leider. 71ie insurance
<br /> policies and nny Rnawals shall be held by Lrnder smd shall i�lude Mss payable clauses in favar of.and in a form
<br /> �y .y axepteble to,Lender. -
<br />- �a�' In the evem of loss,Borrower�thaU give Lender immediate notice by mail. Lender may make proof of loss if not a._
<br /> ��`1�� made promptly by Barrower. Each insurance company concemed is hereby authoriud and directed to make payment for ,�
<br /> -_ �,„ such loss directly w l.ender,instead of to Borrower and to Lcnder joinqy. All or uny part of the inaurance proceeds may be
<br /> 'w, �pp lied by Lender,at i�s option.either(u)to the reduction of ihe indebtedness under the No[e and this Secunty Inurumen�
<br /> 8rst ta any del�' quent amounts appfied in the order in Paregraph 3,and then to prepayment of principal.or(b) to the
<br /> ratoration or repair of�hc damaged property. Any application of the procceda to the principal shall not extend or postpone
<br /> the due date of the monthly payments which are referred to in Poragraph 2.or change the amount of such payments. My
<br /> excess insurence proceeds over an amount require.d�o pay all outstanding indebtedness under the Note arKl this Security
<br /> Instrument shall be pald to the entity legally entitled ihereto. -
<br /> rt !n the event of faeclosure of this Security Insicument or other transfer of tide to the Property ttiat ez�inguishes the
<br /> p;�:'• � j � indebtedness,all right.title end interest of Bartower in smd to insurance policies in force shail pass to the purcheser.
<br />_ ' �{';��' S. Occupaacy. Preservetion, Maintenonce and Protectlon ot !he Property; Borrower's Loaa Applicadon; _
<br />° � ���• I.easehoW.�. Bortower shall occupy,eswblish,und use ihe Propeny a� Borrower�principal residena within sixty days
<br /> ,���f~ aRer the execution of�his Security Inst�ument und squll con�inue to occupy�he Properiy us Bortower�principal residence
<br /> � ,,,,�;E�� .for at least one year afier the date of accupancy,unless the Secretery detem�ines this requirernent will cause undue ha�dship
<br /> _, ,�, �,;4�;'�.!'� for Borrower, or unless eatenuating circurtistnnces exis� which are beyond Borrowers control. Bomower shall notify
<br /> '� . ��-��a�.•: i�.. I.enders of any extenuating circumstances. Borrower shnll not commit waste or deuroy,damage or substantiAlly chan�e
<br /> � :s��'�ki},;�`� the Property or allow the Property to deteriorate,reasonable wear nnd lear excepted. l.ender may inspec�the Property ff�he
<br /> .�,:z,;���•;;:�-'? Property is vecenl or abandaied or the loan is in default. Lender may take reascxiable nction to protect and preserve such
<br /> ��+;x�r,�`�r�,: vecant or abandoned Property. Borrower shall ulso be in defuult if Bnrrower, during the lotin npplication process,gave
<br /> ,..�:,»;aS'�' ' meterially false a inaccurate informution or sts�tements �o Lender (or fuiled to provide Lender with any muterial
<br /> •` '�L.-.•.� informnt�on)m cannection wi�h�he low�evidcoccJ by Ihc hute,i��eluding,Iwi �wt liw�►eJ to.iepre�ntations concemiaR -
<br /> �`:`��i''•'�,���'�"•�'��+ Borrower's oxuputay of the Propeny as u principul res�dence. If this Security Instrument is on a IeaseFrold.Borrower shulf 4
<br /> ` .h=,..!�^'��;
<br /> �„ ,�_,,G;,:.,;,,• comply with the provisions of thc lense. If Borrower ucquires fee tiNe to the Property,the leasehold wid fec tide shaH not -
<br /> �'�j7{'�?'�:t� be merged unless Lender agreea to the merger in wri�ing. --
<br /> `�''���`��� 6. Clwrpt�es to Berrmwer and Protection uf Lender's!tl hts in the Pro ert Borrower shull a all ovemmental -
<br /> �+��,st�.<< 8 P Y• p Y s -
<br /> � j,ti'��{� or municipel ci�arges.fines and impositions that are not included in Paragrnph 3. Borrower shall pay�hese obligations on !:'"
<br />� "�` dme direcdy to the enUry which is owed�he payment. If fuilure to pay would udvencly nffect Lender's interest in the =
<br /> __��•?ti.4 �p�ny.upon LenderS request Bonower shnll prompdy furnish to Lender receipts evidencing these pnyments.
<br />�-:� - If Borrower fails to meke these payments or�he payments required by Paragrnph 2,or fuils to periotm nny other =
<br /> covenants and agrcementa cantalned in this Security lnswrnent,or therc is u legal proceeding that maY significuntly uffect
<br />-��`�_l.� � LenAetg nghls m tne Nrope�ry (sucn ns n proceeding in oanKruptcy,tor condemnation or io eniun.r iaw�ur�cguiaiiiniai. __
<br /> :� ,�� then Lender may do and pay whatever is necessury lo pro�ect�he value oi the Property und Lender'.s righa�in Ihe Property, Y.
<br /> ;� including paymentof tanes,hazard insurance nnd c�ther items mentioned in Parngraph 2 �..
<br /> " My amounts disbursed by Lender under this Para�ruph shall becorne an additionnl debt of Borrower s�nd be secured ��
<br /> -- by this Security Instrument. These amounts shall becir mterest from the date of disbursement,at the Note rate.and at the �
<br /> —�---- ^• aption of Lender,ahs►II be immediately due end payable. �
<br /> �-�-" ^`_"°'��`�'� 7. Coodemootion. The proceeds of any award or claim for damages.direct or consequentiul,in connection with�ny �
<br /> .�.a,�lma� s�l}��',t+.-
<br /> �vF��,'t�, condemnsufon or other taking of any part uf the Property,or for conveynnce in pluce of condemnution,are hereby u.YSigned
<br /> _:,� and shall be paid lo Lender to the extent of the full emount of the indebtedness thnt remains unpaid under the Nde und this �
<br /> ��;-:�;�;';�s?�.,� Security Instrurnent. Lender shall apply such proceeds to the reduction of the indebtcdness under the Note and this Security �
<br /> --"�"�"*1.�• Inshumen� firat to uny delinquent amounts applied in the order pravided in Puragraph 3, wid then to prepayment of Y
<br />:y ss principal. My epplicntion of the proceeds to the princiEwl shall not eztend or postpone the due date of the monthly I:
<br /> ._�,__. V=� -- fl�aRt 2 nf 4 pugtal �
<br />-�:!�6q.:31•ck:c-�''yi �
<br /> a'1�XrKt4i
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