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<br /> — � L �.�t,�r.a�.i,r.�,�t.a�ecr.�,�e.a«�o.�se.u�►,�a�i��.t�..�.a;:�aca..� ,
<br /> � �a��►;a�ea�y�r��aa�a�a.��rme�. , �: � .
<br /> Z. MMtY�Paaeae 17i�es►tiMra�ce.�i Q1�er HonoNer a�tt i�d�e in sac6 ma�61g pa�ra�. �
<br /> - _ — ��-���- • it-NaiC� iasec�sa-�-of_an;ta�l��nd_._�---
<br /> - spec�i�leYjed a to be kviedapir�st the Fhopaty.!b} � p�yme�cr�ua��eats an the Plogetcy.td< �
<br /> (��Pem�fa i�u�oce�eqaiied bX P+�sP�4• �
<br /> Eacb mmthty insniBnent for ioems(o),(b)aod(c)sbdl equd aae-t+rslEi6 cf d�e aooint ai000uats,g�►
<br /> -- . �d bY I�ode��dus�o aaooiuu �m m�woion�n addiitimd bJ�ee af aat mae tmn aoe-s�dh af�6e
<br /> es�eed amaimts. Tb�fdi amwi�rm�fat p�ch io�s�ii be aoam�utakd by 1.rnder Widria�a pe�od mdioE ao�
<br /> _ moo�before aa itan woold becane deTm4urnt- E,eader slutt Mid sbe�momts wl3ected in tn�w pay uaas ta�N)�
<br /> � (cjbefaettr.y bconmedetinquaK. �wit6 the f�une moo�Wy
<br /> - Yf�t�ny time tbe tatai of d�e paytne�s beld.by I.Rader fa items(a),(b)md(c?,
<br />- -- payme�for sa�r items payabie to l.ender P�'sor w ibe doe da�es of snch ita�s.ea[c0eds bY mo�e Wm aae-snctb t6e
<br /> _- • estnaated�omp of prymmts ca�c�e�tupry such rt�ns w6a�du�a�d if payrtia�ts an We Notc are cune�nt.thm Lader
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<br />_ -- -- sball eid�a�efund tbe exoess u�rer ooe-snuh af tbe�psYA�aus or c�t6e�ass over ano-sudh d t6e est�a�d
<br /> -. p�yme.nts to subseqamt t?aYn�s#�`-�°a°�'cr�x tl�°Q�°�of Boaowec If the wpl�tGe�symeo�s°ade by B°n°�va
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<br />'`;- farior.m(a�,N),or(c}is�._. _�c�pry the itan wDen dua.t6m$ar:orva s6a�t paY to't�d�aQY�o�t aec�s�Y� . .
<br />�r�" ����Q�S'.[�1�t�1bCi$tilbOCO�SaYG. . ,'•.::'.,..='•c•.. �';�:; `:;:...';:;r
<br /> �� - . /�S�Cd1ID�5�Trtich?�:�°�SI�IG$CCIC1aiyOf�t1�.���`. .`.��.���
<br /> ' desiEpeG Ta aty Fe�rari��Sich tbc f�cs�r�st pzg amo�tgage i�ce�m_ . Sie�.�:_ Y p�7��� ,
<br /> ' ' sball aLw mciade e�it5a:�fi�art r�a�t�af d�e a�mrrai mortgage ias�aooe ps���+c p�d Tiy`i.eroder�n t�` -
<br /> " I ` Seaeta�g,ae fu7�a man�hlY clw8e i�d of a matgage iRSararce p�miom if tl�is Sa�uitY Ias�s�me�is l�eid by the
<br /> '• `'' stialJ be ia aa amowu suff cient w�cet�mWate tbe -
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<br /> Sac�ee�y, Eac�mont�ty it�talhnent of the mortgsge iacnraoce p�emi�!m —
<br />`;' `� _ ` fall a�mwl mo�ag��r�ocx Pi'aniu�witl► Leader ane m o m h prbor to t h e da�e tbe futl ama�l mat g s�e ms�aice
<br /> : piemium is dne to tUe S�ta�Y:oc if tbis Insua�ment i�heW by the Se�tary'.each moathly ch�e slall be in ao
<br /> ,mawst equal w aoatweifth of one-lulf pe�enc�a�e autstsdia8 Principai ba�due oa dr N�pe. .
<br />- If Baimnwet tendas to I..enkr the fu11 paymattof all su�ns sonttod bY this Security TnsUumenb BaROwer�s scwu�tt •
<br /> = , s6�11 be ctedited wiQ�the 6Nmce rmwiniaE far all inatallmaits for i�ms(a).(b)and(c)and any mat�e inwrairce
<br /> ;V�. �€':}-, p�emium instal4nent d�at 1Rnder hzs aot bocane obligatod to pay to the Secietary.aad l,ender shsll promply�cfwW any • _
<br /> � , ,. eacacs fonds[o Bamwer. Immeaisuel to s faectosu�e sde of tAe Pbperty or its acyuisitian by LcnOer.Barrowe��s�
<br />_- a�xxaunt a1Wl be crodifed wi�aay.l�laa e��em�inia�fat a!l installmeni�s.for ilcros(Al.(b)and(c l. �'.� d o:..�..:__,__�.�.-.--
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<br /> - - - - - 3 Ap�io�d Pf�'�ts. All payrt�ents unQe[i'��aphs i and�Z shall be�ppfi�l b�r t��dei a.y�o1buF: . �- -
<br />� �$j,to the matg�e msurance pnemiurt►ta be paid by I.onde[to the Secrct�rY or t�thc manthty clwgc by�he �jy===-_`
<br /> . . Sec�eary insuad of tde moathly matg�ge iacurau�ce prem�um: . _=-
<br /> . � ��.to any tu�.special assessments.iraschold PzYrtfepts ot ground tenGv.and f im.lT�wd�nd athes huiud �_
<br /> . imurme.e premi�ns.as uited: -_�'
<br /> - � �j$Q,to inte�est due tAe Nae; �
<br /> - �,to�nortization oi the principal of the Natr. ,
<br /> ' ;; . �,w late charges due under the Note. ' ��=
<br /> �; 4. F7r+�Ptood a�d Other Haard I�wri��ce. Bartower shall insure a11 improvanenu on the PrnpenY.whettKr now =� --
<br /> in existence or subscquendy er�cted.aSrinst a!�Y itazatds,casusltks.and contingencies.including fue.fa wliich Lender -`�:.-
<br /> � ms �;=6�ri��._-
<br />� • �' ' tequirES jns�u�Ce. 'Ihis insurance sha116e maintained in the artiaunts and for the periods that Lender requues. Bortower ��_•r�.` _
<br /> st�U also insuce al)impcovmxnts an the Property.whether nuw i�existence or subsequently ererteQ againu Ioss by floods ;>�.�;r;
<br /> - � to the extent oequited by the Secretary. All insurance shall be carried witt�companies appr�nved by Lender. 71�e insutance . ---
<br />' po�icies and any c+enewals shall be beld by [.ender and sha0 include loss payabte clauses in favor uf.and in a form • ______
<br /> ble to.Lender.
<br /> ��.�i � �the event of lnss,Borrower shall give Lender immeciiate notice by mail. Lxnder may make proof of loss if not �- , ' . � .�`s��
<br />. - n�de promptly by Ba�rower. Fach insurance company conoemed is heceby authorized aad dBected to malce payme�t for : __ _
<br /> �--. such loss duectty ta Lcnder.instead af ta Barrawes aad to Lender jaiatiy. kt�ar any�part oF tht insur�ece pnnceeds m�be • . 41.:.--::..,, - -
<br /> . appliod by l.ender.at iu option,either ta)to the reduction of ihe indebtedness�uader the Nate and this Se�ity Insuvment, S �
<br /> fust to a�ry detirtquent amounts apptied in t h e a r d e r in P a r agrap b 3.a n d t h e n to p re p a y m e nt of p r i:�c i p a l,or N1�� . ,� �
<br /> ` �rooration or repa�r of the darn��i prope . Any applicarion of the proceeds to the pnncEBal shaU nat eatend or post�one � .';''��.+���.
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<br /> ��=�. �e aIIe aace of�ne monu��y pay�:ts w t,�c h are r e fcrr e d to in P aragrap b 2.or c h a n g e t h�:�:w u n t o f s u c b p a y m ents. An y . •,..�=-'`•�
<br /> � -.���#�� excxss lnsurance proceeds over arr amount ra;uired to pay aU ouut�d�ng indebtedness�der the ha:e and th�s Securiry . E . , • �: ,�'�
<br /> � �:,-� •
<br /> ` �;:, Instrument shall be paid tothe entiry tegaliy entiUed thereto. . •• �-_
<br /> • - In the event of farcclosure of this Secunty/nmument ar at her truns fer of tide to the Pro p e r t y that eatir�guishes the • • . .��v?►�
<br /> ' t�'�::' irWebtcdt�ess.al!righ�titlo and i�erest of Botrower in and to insurance policies in force sha'sl�s to the purchaser. ` :;.. __-_
<br /> _ ' S. Uocapancy. Preservabe�, Ma i atenance a n d Pr d e c t i o n o f t h e P r o p e r t y' Ba�rower's I.u�n A p p U c sNoe• ,
<br /> , , �'..`',:`:�;
<br /> �,ea�eboWa Borrower shall aocc�y,establish.and use the Property as BotTOwer's prsrt���i tesidence within sixty days ;:. � .
<br /> . '' after the execntion oi this Security Instrument and shall conanue to occupy che Propercy as SarraRer's�prineiPal res�dence • ��`
<br /> `'� � fa at ieast one year after the date of occupancy.unless the Secretary determ::�:s this reqmremeru.witl c��rse undue hardship ; , _ _. =''`"'.
<br /> ,.. . �:
<br /> �� ''' ' fot Bomnwer.or unless extenuating eircurtistances exist wbicb are beyond Baaaa•er's con;ro�. Bosrower shall notify .
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<br /> .. _: ___._ I eoders of any extenuaung circumstances. Borrowcr shall not cammit waste vr destro}•.drsnage arsabstarttially cira�tge � � - •
<br /> ,ti. +,�i.... the Properiy or allaw the Properry to Qetenorate.reasonable we�an3�ear eaccpt�. lxtnief�ttay tAapeCt ihC�1't)pCfii if t�C i=� - . - ,- --
<br />, ` 'fi"� Property is vacant or abandoned or the loan is in default. Lender may takc reasonabte acrion to protect artd presert:e such
<br /> - � f��:'�' vaeant or abandoned Property. Bolrawer chafl s�lcc�be in default if 8orrower.during the loan application process.gave
<br /> � � materiall�r false or inaccurate infarmation or statemen�� ta Lender �or failed to provide lxnder aith any matena! , j.�
<br /> � � �»;�� ��-� intormat�on)in connection with the loan cvidenced by the Note.inctuding.bm nnt limited tc�.repreu�tatioes concemin� I
<br /> • ��"'.�` Hortawer�occupancy of the Ptoperty as apnnripal residence. Ii this Security Intitrument n«sn A teatiehold.Borrower shall ;
<br /> . .,,• .
<br /> • ' -� �' compty with the provisions of the leasr. IP Bvaowcr acyuire�f'ec titic ta thr Propeny.tl�e teasehold and fee tiUc�hall nw ;
<br /> , '� ' = ' be mergod unless Lcnder agrees to�he merger in writing. !
<br /> ��__,';�:- � � 6. Char�cs to Borro�rer aed Protectlon of 1.enQer's Itights in the Property. earrawer shall pay alt govemmental r
<br /> ex municipal charges.fines and impositions thal ate nu1 included in Paragraph 2. Borrower shall pay these obl�gations on �.
<br /> • � • _ time d1rcc11y to the em�ry which is owed the paytmtitt. If i:�iiure to pay u•oulA adversety s�ffect Lenderv interes� in the ,
<br /> . Pfapeny.upon Lender's•request Bartower shal!promptly fumi�h tcr Lender receipts evidencing thcu payments. ; .
<br />. ��_:,.. � • It Boirower fails to make thesc payments�r the payments rcyuircd by I�aragraph 2.��r fails tn perform any other ;�
<br /> �T.'.- �
<br /> , .,_. ' ctivenu�ts and a nts rontalned in this Securiry In.rtrument.�r tf�rc iv;�Icgs!praceeding that ma�significantiy:tifect
<br /> '• -' ;�,,,_,_ . LenAet's dghts n�he Property Isuch as a pnrceeding in bankruptry.tor randemnat�on ar to enfarce aws or rcgulations►, j ,
<br /> �• then Lender may do and pay whatever ic necessary ro prntcrt the vaJue of the Property�d Lrnder's righiv in�he P►bpetry. ; ,
<br /> . • _ ;�-` - .- i��8 P�Y�nt of taxes.hazard iasunu�cc and uther uems mentio�d in tjamLeraph Z. ; . _
<br /> °.�ri � Any unounts dlsbutsed by Lcnder under this P.ua�raph�hall bewme an additionrl debt of 8oirower and be�ecumd .
<br /> L:;�; ,.. ��. by tt�3y 5e�iuity Inswment. These amounts shall brar�nterest fmm the date nf disbunem�i.ac ihe�ote ratc.and at the �
<br /> °.-� .�.:. . option of l.endcr.shall be immcdiately due�nd payable. . � .
<br /> `�'t-;: . 7 Con�me�fiue. The prooeeds of any aw�rd ur claim for drmages.dirert ar conseyu+ential.ic�eonnectian with any ,
<br /> �;;,�;; `.. '. cundemnatlon or ather tatdng of any�tact of the pfrapetty.or for conveyu�ce in place af condemnatiaa.are hereby:�signed . .
<br /> •- ; • aed sha�11 be p�iA to Lender to the extent of the ful!amount of the indebtedness that temai�ss un �id uades the Note and�his
<br /> ... -, -._ ---=-_---- Sav�t�tnsuummt l�der sUatl.apptY��P�to the reQurdon of the iadebtedrnss un�the Note and thi�5ecuri� _._..___ -- ---
<br /> -- ' .--- . . - � lnswmen� fust tn aey de1u`�qurnt amounts applicd in the order provided i�f txatap�ph}. at�ttren to Prepay�r vyf� .- - - ' •
<br /> �.:.:f : �;,�. .... ' w��p a}, M y a p p l i c a h o n o f t h e p r a c e e d y to the princi pal shall nut extcnd or p os t p o ne the due date of the m�nthly �� . .
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