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<br /> Fach moa�tY��foi'itans(ay,@):and(c)shall eqwi or�tvedith ofthe�nuat amouncs.u reasonabtg�ed. .
<br /> � bY[�ndci.Pt�s an am�w�t�Ef�ient to maintain an arWi[iona!balana of aot mare tUsn onasuctb of the escimatod amaunu.
<br /> Tbe fuR annnat anwunt icr eacb i�e�n sinil be aoatmt�lacedlsy I.aiderNithin a period endins aac�nontb befae an item�ruuW
<br /> � 6ecome ddinqueat.I�ender shwU AoW t6e uaounts collected tn trust to pfY items fa).(b).�nd(c)bc�ore tl�►beooa�adeti°4ud�.
<br /> ii�aayume_tl�tutat oEshepaYments heid bY Ltader i�itans(s].N?.�t�):[o�ervrithttx futuremonthfY P�Y��s
<br /> . for such itecas p�yabk to 1.ende�prior to tf�e due data of such items.a�aads bY mort than one-siath the atunated amount
<br /> snchicems whm duc, �f ts an tt�e Notc are current.tfien i�eader sdali eithec[efund
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<br /> tLe exe�ss over aaasixtb of the atlmated paYmeats ar crcdit tTie wcass ovci ono=sizifi`�f t`�e s�fed�aYu�ti�ts ta�ssts�eq�-..__•..----
<br /> -- paYpil�tt bY�RaNa+1t tlK OpttOa O�$O[ioWti.tFttie totai o�tE�r paYmeats eaadt kY Bontowrr toa item{s):lb�����c� -
<br /> is insuEficknt to psy the iteat wl�ea duG�h4n 8ocrower sball paY to f.endec aity araount�rq to malce u�the defiaency
<br /> oa or befote tl�e date du itqn 6ecoma due. °
<br /> As.usod i�[his Security�nsaument,��Secretazy'mean.q the Secraary of Housing and Urbaa Devetopment or•his or ha , _
<br /> daip�Most Security tasaumeau ias�ued by t1K SecretuY are insurod under pco8nms wf�ich requir�advanc�PaYmrnt of
<br /> - � tlyt tntirt�e msuranx Drantum:lf this Security instn�ment u or was insored under a progrsuic which di�aat requin _
<br /> " advanoG A+►Ymmc o€tlje e�tire tn��EC ias�ts�e P�um,thateach montWF yaYm�t s6a1!alw iactude ather:i7 an iauaWaeni
<br /> of tl�amwal nart$�ge instuanoc Pranium ta i�e paid bY Lender io th�Ss�y;or f�7 a�Bthtg:cJ:arBc instead of a mortaage.- .- ._---- ---,-
<br /> ;--��• insutance premium if tbis Secnrity Insuument is hdd hy tlte SecretarY.Fach monthly installmmt of ihe monB�ge iasurance ---
<br /> W�.�� prpniumat�6e iQ au amount sufficieat to accumulate the fuU annuai martp,�ge insurance preauium witt�Lrnder one month =--
<br /> `•_::r: Priaa to ti�e dau the ful!annual mort8�insarance premium Is.due to tho�Y,or if this SecaritY tas[cummt is he1cE �-�_—
<br />: ..w.. by tf�e Seeretary,each montidY chsuge ahaU be inan amoucu ectual to ono-twelfth of one-hatf percent e�f the outstaadin8 principal-
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<br /> - �,F.'�+.�e•due on the Note. �� � ` � � --
<br /> ` ";�Barrowtr ieaders ta.�r�er the fu11 payment af al��um.S secure�bY tdis Se�f��ns�=�`8orrower's acc�Sh�li� ��4• -
<br /> �x � - be�`�iedited with tl�.b�l�a�?�maining for alI i�stalime��far itmi�;��.�r-�(b)te���i��,�d:�5�8aSe iattuaace P um �,
<br /> ' f 's� iastallmeat ihat���,���ecome obligated to pay to the Secne�."3`�����:�`'"�-�y ntfund any a�cas funds ��,�
<br />� � •- � to gurrower.I�;�?r�r ta a forociowre sale of the Propa�t�.�x.�'�;"a''��cs�bp�'.�'E�':Borrower's account shaU• �.� :, _
<br /> lx.credited�vitti�:�na�`:sema�nin8 for aA instailments for items,�aji��J��$�.�.. , �-ry
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<br /> ..� ::�3. �a ot�.A11 PaY�.nents under paragraphs 1 ��i�s��+e,�,.^�'lied by Lender as foiiows: . ,��"' _-
<br /> �: �� �rst,t�o�mortga8a iasrorance pranium to be paud by Lender t4c�::Setretafq.cr to the�c�nthly charge by tde Secretary _ ..•;F,:_
<br /> ;nstead of the monthly mortgage,insurance,Qremium,unless Borrowen'�ma�the eatire mortg���rance preminm when this :' �
<br />• - , _ Security.Instrvment was sigaed; - °,''�����.� . - •:- :, � �� . ` ` -
<br /> S000nd,to any taaes. �ss�sm�s.leasehold�:ayments ar ground rents.an:i Cre,�w�a�'ai�d ocher ha7ard insurancx ;ti;;�;�`c�� _
<br /> • readumv as r�q �� -s•.� � `
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<br /> Third,to tnteresc due c�i���t��:�p�� , .., ������'�x F=�
<br /> C Fourth,to a�artizatia� af tii�t p��of the i�aR:��� ` ��,y �
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<br /> �„ F'ifth.to 1as�,�ar8es tj��2s�r a0�a ` �,•� ._ , � :" : � � z �
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<br /> 4„F' ��1ood s»d Otier�lasaraaca Borrawer shalt�ii�us��i 3a: ro��ents os�ff;��raperty whethcr now in � ��``+
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<br /> ,;.:`:, existeiz.,�e or subsequcntly erecte�t.against any hazards.rasuaities.aLi���^tingenci�,�ricluding f�'�for which Lender r�qui:es f f���r'`.f t4�,;;;;:;:
<br /> inatiranco.This insurance shalt be maintained in the amounts and���:Cae periods that l.ender��uires.Bosrower shall also t �, , _
<br /> ' insure alt IraDrovemeats on the ProDerty.whether now in existence arss�seqnently erected,agai�:��ss by floods to the extent ,.:.
<br /> .� - � required by the Secretary.All insurance shall be carried with compa�:es approved by l.ender.�e i�surance polides and any '�:r•' �:'-:`=
<br /> ; renewals shall be held by l.end¢r and shall iaciude loss payabte clauses fn favor of.and ia a'farm acceptable to,Lender. _
<br /> -� In the event of loss,Borrawer shall give l.ender immediate notice by mail.l.ender may make proof of toss if not made : : •t',,t-
<br /> ' - _ prompQy by Borrower.Each insurance company concerned is hereby auihariud and directed to make payment fos such toss �
<br /> � •�, � directly to I.endar,instead of to Borrower and to l.ender jointly.All or any part of the insurazs�t prcfceed4 may!�e apDlied � ; . _ .
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<br /> �`;":':,., by Lender,at its optlon,either(a)to the reduction of the indeMeda.e��under the Note and thi��curity Instrument,first ta , ��. . _
<br /> f�"`�'�'�t: any delinqucrrt;�a�ts applicd in the ordcr in paragraph 3.and cis��o prepayment of pr%n:���..,ar(b)to the restoration � t; , �
<br /> . .. ,, , r the due date ��:>�.;.:� ,
<br /> �>���-:: , ox.�3r af�,q:�z..�:aged Pro��r[Y.Any apPlication of ehe proceeds ra'�:ze princi}�aT�»nor����or postp�S. `���s r -
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<br /> .� M aFxb��;��'y:ykt}me�tts wl:;zf�are refened to in paragraph 2.or c�;�.rge 1he ar.�.o�^�� �.aP aucti�5�l�ts.Anv�exrxss insurance I"'•-::•. _
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<br /> i�`��:;. `�{� � pro�s'e�ez aV�nsount rcquired to pay;�b outstanding iadebted*�•�der the�:�::r,e�rd��;s S�:�rity IasvT.,r�ent shall be , _
<br />:'�:;- . . pald to t�sc e�r3;�egaily entitled therpta� . . , • - � . .. • � _
<br /> ' � ' i�t'�e-r��uf fareclosure of this�:�iiy Ins�rccrent or ot'C-i�transfer af titte to thc t'��erty ihat exiinguishes the �`•. . , __
<br /> ' � �i- ir,�r i:d T i es�.a:iEi t l B h t,ti t l e a n d i n t e r e s t o F Bonower i�Ur_3 to iasurance policies in force shaii pass to the.�r�haser. ' ,i,-.
<br /> � . . �� ' - 1 nai cdm ii'u�aste or deseroy,damage or � . � . - �
<br />:;.. „Q,:,;, ,�'� �_ .-��,�i�o�1 aad M�i�teea�ce oi t6re Praper�t'y,;�aASeUotds:.�iorrawer sha i t�
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<br />��;,�,.: ` - -�.•� : substantially ct�;�e the Property or a11ow�t;r Properr;�t6 d�tedon�.,reasonable wear and tea�c�:cepted.l.ender may insp�ct �
<br /> � '''�'�� � � the Property ii tffe Properly is vacant or abandoned ac.t:,�loan�y in:�aefault. Lendcr may t�be�'�asonable action to protets �. . ,
<br /> ` �' • '� lr;�'-�'� and preserve sueh vacant or abandorted Property.If ilti��ecurity i��;rrument is on a teasehet�t;8orrawer shal!comply with �
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<br /> � ' � K: ..:..• thc pravision�of thc lease.If Borrower acquires fee tit}ry t�o�sha Propeny.thc Icasehold and fee citic shall not be merged unless ;;f:;,�:;.., ,
<br />�', �a:s�::���.`:"' . Lender agrees ta the marger in writing. . , ���r`:,`�:
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<br /> � ;�,�r:,?.a:..�,,..,:`�:: 6.Cwt�estaQorrowKasdProte�tloebtf:eader'sRt�htainlhellro�erlS'.$orrawcr9hail�ayaltgovernmcniaiormunic;.t?� .. .. � �=;•.:
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<br /> '�#;_::� :+""` char�ees.finas and impositions that are not ineiuded in paragraph'�.�&rrrawer shall pay tts�e ulst;8ations on dme d9rectl��ca� � •� ' ` .��;;;,
<br /> �*+.�'�``;:, 4. ; tht ent ty whjch is owed the payment.lf failure eo pay would advrrsety affect Lender's intcrest intsf�e Property,upun Lcnd`Qe's,; , ';s`�t'. ;�` � .�� �
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<br /> �'�•... • , request Borrowrt shall promptly furnisA to Lender recelyts cwideacins these payments. � � . � . �;,�,��,,;;
<br /> `��•��� � Jf$onawtr Pails to rnake these payments or the payments required by paragraph 2.or fails to perform any olher coYenan�,� 1i°;,?��� � .
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<br /> �°�--:•��� and agrermeats contained in this Security lnstrument.or there is a I.�ai�proceeding�hal may slgnificantly affcce Lender's rtd� � -
<br /> ' ��s"";"�� '"' in the Property(such as a proceeding in 6ankruptcy.far condemnu'son or to enfarce laws nr regulations).then Lender inar- � -
<br /> ;,,� � "� do and pay whatevrr is necessary to protect thE v�tue oS the Property nnd Lender's rights in the Propeny.�ncluding payment. � �• , .
<br /> - �' �� - -- aP tuc�.hazard insurance and osher items mrntioned in para�raph 2. ° . .
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<br /> *'� �� Aey amonnts disb�used by l.endev undet this paragraph shalt bewme an additional debt of�orro��er and be secured . � � :.
<br /> � by this 5ecusity tnstrument. 'i'hese amounts shalt bear interest from the date of disbursemetu:•at the Notc rate. and at thc
<br /> ` �_: ' option of Lender.shall be immediately dua and payable.
<br /> � ,..,, ,' ' Y ?.Co�ptb�.The proceeds of any awutJ or daim for damages.dlrcct or cunsequrntial.in cannection with any
<br />- == ;y, = � --- cossdrmsrsticrst�r ei!ltet sak'ss�aF aay�a�t o€the pmpeny,nr tot canvevance in pl�ce�f condeinnatinn.are hereby assigne�! . _ ��_
<br /> ' � ' ' � 'u and shall be paid to Lcnder to the extent of the full amount of the indebce�tn�ss that remains unpaid undcr thc Note aad-this �- , .
<br /> • �•�`°�•�."� ' 5ecurity instrument. Ledder shali.appty such procceds to�he redur�ton of the in de bte dness urt de�t he No te an d�his 5 e r a r U y . ,
<br />. ' ""���• Instrument,first to any @tlinquent amou�nt�npplied in the otder pra�lded in para�taph 3.and then to prepayment oi�+rin�ip�l.
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