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<br /> °_ . . __ � � l:nch n►unehiy iust�limcnt far Itcros(n),lb).nnd Icl shnll c��tt;tl t��►e•��r.11'th ul�thc nut►unl um�aiu�a,��r rct���}niihl3+«ti�nmcd ;iL:.�`,.,yi',}, � �,;• ;`
<br /> b I.cn�lcr, �lus Un i�m��u�il suFficienl lo m�inl��in t1n nddiliunnl bulti���+:��I u��l mut�Ihun t�r.c�itih��t�Il�a r,Unrrt�:d;unounl,. �t:���:�;���;��� "'�;i?�;��.
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<br />� � 7'hc Pul1 uunual amatmt fur cnch Itrm st�all l,c nccumulutcd hy I.cudcr w�i�l►in,�pceiud�udlnl!unr mun�l�hui'arc un iten► would ,c�;:.q;•,,9�;+r.rr " '• .t�,,:�,�..
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<br /> ' � hcc��mc dclinqur►U. l.cndcr shnll hald thr nmmuus rollectcd in�rutit tu��ay Urmti lul,lhl,,�n�l 1�1 h�fui�.tl�ay t�ueumr clalin��ornt, ,•.y.,;�`:'�;'::';�•,:;;';,�i;;y�i��;
<br /> . , t1 � -�(r,4 r, �jlsi(�? -.
<br /> _ _ ` . ••_ .- U,u nny dmc thc totul nf tt�c p�yrr�cnts hcld Gy I.cn�lcr fnr Itc�n�(a1,lb),i�nd lcl,l���irthcr���Itt�Ih�+I'�nur��uiunthiy pnyments ,,' ��,`;1} � 4�t�t�r. ._
<br /> - --�n-- r-- , Por��ich Urms paya�le ta l.cn�lcr prl��r tu thc duc tic�tc+ ��f'�uch Ucmr,cxcrcdti hy murc �hi�ii ui�u�nhlh�i��cctimatrd amaunt s}.:.: �,��,ti;�,` .
<br /> - �__-� uf��i�yincnes rFquired tct pt�y suct�itcros�vl►cu due, i�nd iP payntc�itc�n thc P�cjtr am ct�rrrnl,ilt�!n l nn�i�lr �I�ult ii:her refuad .,�lt�t� : '_
<br /> _� the encr.ss o��er c�ne••six�h uf�lir c,iiu��ilc.i�yuy�u��lt�c,r�t�.11l ii�i�x+.s';a��r anr�txttt t�f ttt::;tt.��nt:t!p;tti•ct�ent�ta-tth-:c St��t+t -� �
<br /> -- paymcnts h)'liarro�vcr, ut tl�e optian of tlorrower. If'ttie tntu! �f thr �u�mr�itr Illif�I4 Il} IIUC:'ON�er ft�� i���m l�c), lb), or (c) �((��,t, '�i�';;; `• i� _
<br /> . .. . •i.r• Ingul't'ic�icnl ta pny thc Itrm whcn du�,thcn l�cirruwcr shnll pi�y ta l.cndcr i►ny umrunl ncec��wry t��rncikc up Uic dcPicicucy [1\�� ;. .'.r,�;Y�tty •,�
<br /> ._'�... . . r��4��`�;�����,�y;,���'i�.\ :.�t'1�'` `
<br /> -- on or bcf'orc�hc date tNc Item Nccanics duc. ` " '
<br /> k ��� r t ,�, �t} f,� �•.
<br /> As used in th15 Sccurity Instr�nncnt, "Secretary"mciuir tl�r Sccrct�ary af N��uring und Urt��ui 11��tI��F�mcn1 c�r hls on c�� �1�'� ` � ;,��, ,�Y�1�? ;
<br /> ' '� dcslguce.Mast Sccu�itY lnstrumcnts lu9urcd Uy thc Scarc►nry t�rc inr•urccl�mdrr�r��;rnmti�vhl��h rc���i�rti ndvoncr pnymcut oP �;,_:1� ;` , . ,i �` �
<br /> ...;�4t:.�`�'::`::• ahe entir��n�rtongc�invar,►ncc premium. If'this Securi�Y Insuuroent is ar w��r iinun��l �u�der n pro�rnm which dicl iiat requiru ='� ' `� ''`;� ,\5� ;,� ;�.
<br /> ,�..�..,....�,. � �'�._,:....._.._.,. ,. ..,.�>,._ .:
<br /> �;\4';;;'`y:�.':,;2?;%'t'�'�; .idvnnce �a meztt aP the entire martQnAe inyurnnre premium,then ench mu��thly�t�►yil7e►��Slr.�ll nl;i�{n�lii�ic riit�cr:(1l;�n ln5tt;�lmcnt ,, .
<br /> �.......!.,.a ,.,1..4 `���:i'.�i.:�.``�;';t`'';;;�i•:r i��'�
<br /> �,��,'.'�. c�f thc tmnu�l MtS��gt�gr ins►n�i�ncc preuiiuiu tu Lr puiJ Ly i.cu�lc� iu tlic Scc�rt,uy,ur tii)a momhly rl�:u•gc lustend ul'n m�rh;ngc I:'.:.. .. V,.;,-}`..,�:�,,,:e_:�����°,�
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<br /> insuri�nce premian►ii'this Secu��itY lnstrumcnt is heid hy the Secreti�ry. Ciich m��mhly Inrtc+llment ol the mor��nge Ins�un�ce ;,�;..,,,;.��:.,;':r.?;•ti:`,f':'.`„°•.:::.
<br /> � �,..:.;,,,�,;! ,,,,:,�•,.. .•
<br /> prcmium shall k�c in aui nmount snfficicnt ta uccumulatr thc full iinnunl mo�ll;a�e h�yurt�nce pnmlum with l.cndcr rnic manth ,�.;.. .�.,`,. s .;�., ,,:, .:; .
<br /> prlar ta thc datc thc f`.ill nnnutil niort�agc in�urnncc premium is duc to tl�e tic��retiary, ar IP Ihis 5ecutlty Instrumcnt (s hcld '. .. ,����r,; ; ';:;,.;.;.�;': :.:
<br /> '�:��•��..:,.>..•,,.
<br /> ' . � ,'..? hY thc Secretnry,et�ch monthly ch��rge shall bc in an nmount cqual ta one-tweif'th ol'��nc•half'ncrcenl of Ilie c�utsuu�ding��rincipal ;,°.;`.�,�1 ;. ,,<`.a;,,�{,1;
<br /> : bnlcu�ce duc on tl�c Nc�9c. �. ," ..�`
<br /> , � ;. `,�. . ' ��+.•.
<br /> ,;,1'��. ;,; If'I3arrower tenders co�Luncler the Pull payment uf nll rums secured by this Security Inytrumrnt, Ilurruwer's��ccnunt shc�ll }:'r
<br /> •`;�: ;••' be c�cditcd �vith thr b�#aner rcm�ining far nll instnllments i'or items(ii), (b), nnd lc)nnd any mon�,nge insurnncc premiurn �;,; •;�.,�, ,;;��.;r�t;\;.;`
<br /> �''��'`������` instc�llment thut Lender has n�t bcc�mc obUgcttcd ta pny ta thc S��retnry,nnd Gcndcr shall prrnnp�ly refund t�ny�xccss funds ,:; ";�,;,�'� ,��_�,ti�.,,;,;';
<br /> .�.�.�.�.,: �. � .:;;i�.,t�., .,:;.��::::
<br /> ' '"''''''��• t��Borrower. lmmedintel>� prior to u Forecloaure snle of'the F��operty ar its iicqulsi�ion by l.ender, H�urUwa�s accaunt shi�ll �;��,��
<br /> �.�,.•;,..,,..;. ,;4:,��;�.
<br /> � � be crcditcd with any bt�lnncr remAining far all installmcnts far items (c�), (b), nnd (c1. .:',;�.;;t`�:��?�`��
<br /> • � t � , r
<br /> , ; ;�,:;� 3. Applicatton oP Pn�•men19, All payments under pn�ugraphs 1 and 2 whnU be nppllcd hY G���dcr�s follows: '.` 1` ;t5 ;
<br />' l��,:��`�;;�. First, to thc mortyaAc insurancc premium ta bc ps�id by l.c��dcr to thc 5ccrottay ar ta thc manthly chn�pc Uy the Sccrctary , , . „�.��;,.
<br /> instend af'the monthly martgng�insurcmee premium,unless llurrower pnici the enUre mortgnge insurance premium when�his �� � ``°•; �;,
<br /> ' ' � �� Securlty I�sttwnent was signed; • 3 �`""� �:
<br /> ���. �
<br /> ,, , Second,ta any tAxos,spcci�l assessments, lcusehold pi�ymcnts or�round rents,i+nd fire,i��e�d c�nQ otiien c��r.nrd insurance ,,�'>> ;'�r'
<br /> , . ,.�, '..
<br /> premlums. As reqt�ired; ' ;� °�.':;,;::�.;::.
<br /> TMrd, ►o interest due under the Note; �'''� ` ;'+'��'�
<br /> Faurth,ta nmartizcjti�n of�he priacipa� aP thc Natc; ' � '"�'
<br /> ,. ,
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<br /> �—'�— n n r the N�tc.
<br /> Fifth. !Q lat. zha�aes duz t�t?t1�. , , . �,..�
<br /> : ,
<br /> __— -- �,.,..,.,..
<br /> " � Flaoc!nnd(llher Ha�nr�J onaarnocc• 8rnrowr.r shall insure�II impravements 6n the Nroperty, whcthcr no�v In � �,'�ti':
<br /> A. Fire,
<br /> c or subse uentl�erccted,ag�inst a»y hnzlyds,casualties,�nd cantingencles,including fire, for which l,eader roquires '
<br /> .� �. existen e � S � �,e. � a n n � tn¢ Riirr�wer shnll nlso ! ' '�
<br /> _-- ---
<br /> �IISU�itI1CC. Thfs Insutnn�:s4t�ii br main�xinc�i in ii►r au�oii��i� cii�G'+ ivi i�iv Y..�tII�� .��L 2-�n�-! f_�.l�.__: _
<br /> W ,v�
<br /> ' incurc all impr�vements on the Fr�perty,whcther now in existence ar subsequently crccied,ugainst la5s by flaads ta the extent � !'`-
<br /> 1'
<br /> ' rcqui�cd b�thc Sccrot�ry. .�111 ins�u�imcc�hull bc cnrricd with companics a{�proved by l.cndcr. Thc lnsuriincc policics and anY ��t�+',
<br /> renewnls shnll be held by Lencter �nd shall include loss payable clnuses in f�var of, and in n Parm accepi�ble ta, l.ender. ,,.,�.
<br /> ln thc event af lass, Aorra�ver shall �ivc Lcnder immedlatc noticc by mail. l.endc:r muy mnkc p�aa1'af lass if not miidc '':
<br /> promptly by Borrawer.Fit�ch insuranee eamp�ny concerned is hereby ainhorir.ed t+nd directed ta muke pi�yment for cueh loss
<br /> � dir�ctly ta Lender, instead oP to Dorrawer and to I.endcr Jointl>•. All or nny part af the insurnnce proceeds mmy be npplicd �
<br /> by l.endcr.at its opdan,eithcr(a)to the rcductian of thc indebtedncss undcr the Notc And this S�curlty lnstrumrnt, flrst ta ,
<br /> any dclinquent amountq appiied in ihe ardcr in Paragraph 3, nnd then to prepaymcnt of principnl, ar(b)ta �he rortorndon l
<br /> a�repair of the damaged properi�•.Anp�pplicatian of thc pracceds to the principal shall not extend a�postpone the duc dFUe �
<br /> • uP the monthly paymems�vhlch are referred to in Parngr�ph 2,or change the Amaunt aF such pAyments.Any excess Insurnnce �
<br /> praceedY over an amount required to p�y�11 ou�standinb iudcb�cdness undcr thc ^lote and thls Secnrity Instrument shnll he � -� .,
<br /> paid to the entity Ic�all>� entitled thcreto. I . '
<br /> ln the event of'f'areclosure of thi� Security lnstrument ur other transPcr af tldc to thc Praperty thut extin�idshcs �he I
<br /> • �� indcbtedness, t�ll ri�ht, �itte and interest of Borrower in and ta insurance policies in force shall pnss ta the purahaser, �
<br /> i
<br /> S.Ar�eservAdon flad 1Vlnintennnce afi Ihr�'ruperp�. l.enyehalds. Rarra�ver shall not commit wayte ar detitr�y, dnm���c c�r I �
<br /> substandally chAn�c the Praper[y or�1l0���the Fmpen>�to dcteriori►te,rrasonnble wear And tear exc�pted. l.ender mt�y incperl
<br /> ' the prope�ty if'the property is vac�nt ar Ubancioned ar thc laan is in dePault, l.cndcr may take rcasanable actirn�tn pra�crc i
<br />� � and prescrvc such vucant or abandoned property. 1P this Sccurity lnstrumcnt is on a lcasehold, 8orrow��r shall comply wiih
<br /> the pravis�ons of the Iease. If Borro��er acc�uires iee iitle to thc Property,the ieASChold and Pee title shaU nat hr mcrgcd unle,s
<br /> � Lrndcr a�rces to thc mcrgcr in writir�g.
<br /> 6.G!'�.s�rgss to FJarro�rer und PratecNon oV 9�encler's Rd�hts in the Yruperty.}lorro+vcr shall pay t�ll�ovurnmental ar municipnl
<br />�� r. CIIAlgC9, Pnncs and impositions that arc nat incladed in Paragraph 2. I�arrawcr shall puy thcsc obligc�tians on �im:ciircctly to
<br /> - - -•--=--- - ihe eniity Khic>is otiti•rd ihe payment. !f'fAllu�e to pay wotticl�d�•u�scly ui'feci Lender's interest in thc P�opctly,ut�an Lcnder'ti
<br /> rcques� Barrower shall promptly Furnish to Lender receipts rvidencing thesc paymcnts.
<br /> If Qorro�ti�cr fails to make these paymcnts or the paymentc requircd by I'arugrnph 2, or fnils io perfan�i any uther r����cnc►niti
<br /> . iutd agrc2men�ts contained in this Security Instrumetu,or�here is a Iegal praceeding that may sigttific:�ntl�•t►Pfe�t LcndC�''�ri6hly
<br /> in thc Pruperty tsuch as a procccding in bankruptcy, f'or caadcmnation or to cnPorco laws ar �cfsula�ians), thcn l•cn�lcr mtiY
<br /> do and pF�y wh��ever is necessary to protect the valuc oP 1he Property�nd l.ender'ti iights in the F'ruperty, includin�4��ay�nent
<br /> oP inxes, hazard ins�vancc and othcr itcros mcntioncd in Paragrarh �.
<br />" Any nntounts clisbursc�i by l.cndcr undcr tl�is I'art�grrirh rhall hacamc an aciciiiional �lrht ul Hnrru��rr ,uul br �crurc�l
<br /> by Ihis 5ccurity lnstrinneni. 'I'hese�mounts shall bcur intcrr�t from thc dt�tc of cli�burscntrn�, at ihr Niur i;ur. �m�l al �hr
<br />. uptian aP I.ender, shall be lmmediately due and pay�blc.
<br /> 7. ConAemnulton. The proceeds oP uny awurd or claim for dama�es, direct or ronsequential, in cuunr�•ii�m ��iih �in�
<br /> coiidenu►ttNar or other taking o1'any part of thc Froperty, or for convcyttncc in placc of rondcmnutiun,+un c�rc�+> .i+����nr��
<br /> ;in�l+haU he ptild to Lender to the cxtent of the full umount oP the indebtedness that remains unp��id un�lcr ihr Nuir �uul ih�+
<br /> • tiecurity Instrument. l.ender shull apply such proceeds ta thc reduction af'the indebtednetis wi�ler �hr Nuic an�l iluti tir►'uni!
<br /> Inti�rumettl,Pirat ta any dcUnquenl amounts applicd in thc ardcr provided in Parabraph 3,and Ihcn t��prc��uymrni e�(��rin.�ip�il.
<br />- •.•.•••.—•� Pugc 1 oj a � �
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