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<br /> ' `� w6ea due the priecipd of.�nd�est an.
<br /> - `L�iyae�t�tlrf�ei/���te�esCW l.ak C� Bar�ret sA�IIP�Y.
<br /> - � . the d�t evideaoeQby the Note`and Lte cberges due under the Note. �K sbafl ii�TWde in esd�m�2Y P�7��
<br /> Z MaMli7 M�!eMs d:I�'�a.i�wra�a a■�Ottrer�.� �o insulimeet ot any ta)nus�ad•
<br /> - - �ogttl�er ruit6 tbe princ�p�t and uite�t as set fath in the Not� k�P�Y�s O1'8��on the Ptvpettj►•aed '.
<br /> speciai�tats Tev�od or tn be kvitd a�ainst the Ptoperty.tb) .
<br /> - , {c)p�em��nns fot incut�ace�+equic+ed bY Fi�aERi�4• -- �- one•twelflh af thc�uwal amouot.�.as rq�7► . .
<br /> __s---= - _--
<br /> -=-Fae�-maa4hly-instatimea4 f�itea►as_�ll=and(cZ--- equ�1,.- -
<br /> " - ` e.�tirrWted bY Lende*;�lus an aajonat sufficrcnC to�eainfiin�n ad�aa�n+d�_�t=�at-�th�°�ss�h° - _ -°_ - ---
<br /> - . esdmated� [Uc fuii�nnwl amomu fa each item st�il be x�l�ted tiY I.ender within a Qeriod mdint one
<br /> tnonth befoe�e an item would bccome delinqurn� I.eader shail hoid t6e artwwNs caliecte�ia wst!o psy.iums(a>.(b)�ad
<br /> ; (c�befae diey became delinquent. wit6 d�t fuduo tnoathiY . .
<br />�9'' If�t aay timc tbe tatal of tbe p►yme�s txid by I.rndes foc i�ems(s).(h)and(cT.��
<br /> � payme�s far sudt iiems piyabk to Laider p�iar to the Aue dates of sucb items.eacads by more tbae aoe-s6cth t6a. -
<br /> �ated mtrouat of.piYments�►i�d to pay such tums when due.�nd if psyroeius on the Nat a�e cua�enb then l,endes
<br /> a�ii eitber refund the euess over ane-sutf�of t6e estimatod psYments oc aedn th�excas over one-six�h of tRe atinatod � -
<br /> �* PiY��SD�PaY��Y��°wer.at the option of Botmwer. If tbc wtal of the p�yments�mde bY Ha�°� ..-
<br /> fa iteon(a�(b).or fc)�s uuufficimt w pay ihe item when due.then Barmwes shaU paY to l.ender any�mount nrcessa*!► `.
<br /> - - i� m�ice up tha dafic'�acY on or 6efone the d�te the item becomes due.
<br /> As used in this Savriry lnsaumeut,"Socretazy"means tUe SaTetuY of Haisiag and Urb�n Daretopmeot ar bis or her
<br /> °�:. designee. In any year in which tUe l�etider must paY a mat8a8��P�imn m tde Secrdary.each manthlY WY�E. . —_
<br /> � stnU also incIude either. (i)aa inctattment of d�e annual matga8e insurdnce P'nmium w be paid by I.eiider to d�e °�
<br /> msu aace
<br />_- Secneqry,ar-(n)a manthly charge insuad of a mactgage i�uurance p�eadum if tbis SecuntY Insuum�nt�s Ixld by the �_
<br /> ' � um sh�ll be ia an amamc sufficient w accumulaoe tbe �-:---
<br /> 'Socnep�ry. Each mantWy installmeat of tht murtgage insuraace p�nu . e inwr�nce ��:;.----.
<br /> _ �;_t; ��m�ua1 naRgage insv�ce p�emium witb Lender one ma�th pnor to the date the fall aunual mortga8
<br /> - a sha116e in an �
<br /> �.;f �re�niwn is due to the Sec�et�y:a i f U u s S o c uri ty I n s t n�rt k n t�S l�e t d 6 y t h e S a T e t a r Y•each m a�t h t y c h a r g e ' �f=°
<br /> ' aipouat eqwil to ane-iwelfth of a�e-half per+cent of the outsta�ding principal brlance due on tix Note: �;y�
<br /> ,,. �, [nso�umen�Barowa�s'-accaunt --
<br />• ' - '•':r. . If Hamwer t e n c i ers to i.e r�d e r t h e f u l l p a y m e n t of aU sums socuted b y tlsis Security .�.-_�-�__
<br /> - .;T->=:'��.;�s:;:,.� , s1�D be cRdiud with the halanoe nemaining for ail.iastallmenu for items(a).(b?aad(c)and any mo.etga8e insw�nee -_ .s�:_�. ; _
<br /> �-,m�,,:<.:, refitnd antp ' '°,�=.,
<br /> • « �.<J,:.:..;� p�rnium i�utallme�t ihat Lenda hac notbecame obl�gated to pay to the Secnetary,and l.e�er shall pramptty v: ,T
<br /> �. . � n�� �.:� -
<br /> - °- � r° _ excess fatds to Bormwer. Immediatsly Rio�wa.foreclosun sata of the Prope�ty or its aaLuisirion by Lender.Borrower's
<br /> , ' � . :.= account sh�1!be eredited with any 6alance ianaining for all it�tatlmems far etems(a},(b)and(c)• . • F-'::- _ -
<br /> . ��,��._ •. 3.Applic�tbe d Pri�mmts.AI[payiaents under FaragraPhs 1 and 2 shall be applied by Lender as folIows: , _ -
<br /> h or to the monthl char e the ��
<br />. �_ _ ._ . �.to tha mortgage in�ce p�emium to be paid hy Lcnder to the S�etarY Y B bY : -. ,' ;.�
<br /> S�etary insoead of the montlily mortgage iasurance p�+ecn!un►:
<br /> �z• � ' and fire.ftaod aad ott►er 6aza�cl , -
<br />,, • ' S�,y.to any taaes.special assessments.leasehoid paymeuu oc ground ier►ts. ; --
<br /> , • _��;• :� i�sanceptettutuas.as�N� ';,. ;..�:�r��.
<br /> � ;�'�� �p.to intenst due . -�,�
<br /> ' : �to�orti�tion of the principal of the Note: '''�''�' -__
<br /> ° ^�="'-`^ , ��to late charges due und�erthe Note. .-. -=
<br /> :��....,,_. . . .
<br /> " �,,`. ;�,;'� 4.Fi�e,F7ood and Ot6er Ha�tA Insm'aaca Bmrower shall insure ari impravement4 on the Propecty,wliether tww 'i�•�;•w:'� __-_
<br /> m
<br /> 4 in existence ar subsequently erect9s4.against any hazard.c.casualties.and ca�tingencies.including fue.for whicb L.eoder . _-_
<br /> •r • nquims insarance. This insurance s.►za11 be mamtamed in the simoums and for the periods dsat Lender recluires. Bmsowe� , -, _�
<br /> � loss hy flaods
<br /> Shal1 also insure a11 improvemenu aa the Property.whether now in existence or subsequently erected.against :;,:� �_
<br /> to the extent requited isy d►e SecmtarY. All insurnnce shall be carried witb companies approved by Lender_ The insurance � ,.� �A
<br /> � `., ' policies and any mnewals shall be held by l.en der an d s b al l inc t u de l o s s p a y a b t e c l a u s e s in favor a£and ir a form � . . . . ��
<br /> acceptable to.Lender. •":���-
<br />• �_- " __ ._ In the event at loss.Borrowe�shall give Leau�r em�eeQea:e norice by mail. l.ender may make proo f o f loss i f no t �� ' _
<br /> � • made prompt ly by Bonower. E ac h i n s u r a n c e c o m�:�.�v c o n o e�r a�•6 s h e r e b y authorized and dinected to malce payment for . _
<br /> . _, ` such loss directly to Lender.instead of to Bormwes�,��to lxrt�as�intly. AU or any part of[he insurance proceed.s may 6e �� . . • ~_.'--_--
<br /> . . .�` '�:� �. • • applied by Lender,at its option.eitfier tA)to the ce�etion of t"e fa d e bt e dness an der t he N a t e a nd this Secun ty Ir�cuumen� I. . .',-
<br /> -���;' . ftrst to any delinquent amounts applied in the order i�Para pb 3,and tfi�e to repayment of principa},or(b)to the
<br /> . r, ' , • . restoration or Kpair of the damaged property. Any applica�ian�of the pracee�:�a�the princ�pal shali no�ex¢ead ot postpone � -
<br /> ihe due date of tha monthly paytRe�t.:.whech are referred to in t�aragapb 2.or change the amount of such paymenu. Any i • .:.;�,' ,�
<br /> �-` excess insurance pr�cced.g uver art�.r•�wnt reyuired to pay sill outstand�ng indebtedness c:���the Nate and this Securi:y � . . ;; �ic_
<br /> " .� • �' � lnstrument shall be paid to the enuty::s,ally entiticd thereto. � . , . , -• •• .�
<br />� :� �_ �j` c ln the.event of foreclosure af this Securiry lnsuument,or other transfcr of tide to the Prapeny that extinguishes the . .
<br /> IndeMedness.all righ�tiAe and intemst af Borrawer in and to insurance policies in force shall pasv to the purchaser. " '��`'- .
<br /> 3. Occupancy, Preservation, Maintenance �nd ProteeNon ot the Piroperty: Boreower's Loan ApplicaUa�: ►
<br /> - • Leaseboid,�. Borrowcr shall occupy.cstablish.and uxc thc Praperty a�Buaawer's pnr.cipal residence wi�hin siaty dayc � .. . : .
<br />; ' • after the execution of this Security Instrumcnt and shall�antinaz to accupy the Prnperty as Horrowcr's principal reside�cc � , � ,
<br /> - � for at teast o�year after the date af occupancy,unless the Se►-ct`rary determine�ihiy requircment wiH cuuse undue hardc..ap � . ••'- �
<br /> .:.�i:-.::_�.�':. fo� 8o�rower.ar unl�ss.extenuati Circu�rist�ru��s exirt whicb are bcyan� 9onowcr�controf. Bos?•cwer�hali �oxfy � - �{•'�`,'�" , '
<br /> --- - .-- - - . - i.cnde�s of any extenu:�:ng circums�tarices. 13arr�vcr�haii nrn cinnmii w�,:.z�;Sz.suy.f{iliiiiibC�3��:.�7tlLt��j Cltd!!� � � ,
<br /> �. the Huperty or aitow tt�e Froperty�a deterivratc.rcasonable wear and tcar c+�ocpted. Lcnder may mspecx.dr:Ptaperty+iY ihe ' ,
<br /> • •• pmpetty is vacant or aEsan3orted ax che laan ic in dePaull. Lender may takc rcau�nable action to protert ar.d presen•c slch
<br /> � � vacant or abandoned t'1'aperty. Barcc�wer�hall aiso bc in default if Bartower.during t?���toan vpplic�tion pracess,gave i� ,
<br /> ° � materially i'atse ar iaarcarate �cefurmation ur �iatement� u► t.ender Iar fai{ed m �roc ide Lender with su�y matenat ,
<br /> ' infortnauon)in connection with Ihc toan cvidenced hy thr N�xe,includine.but nnt limired to.representations conceming ; ' �
<br /> ' � ' � Borrower�accupancy uf 1he Propeny as a principal residencc. iP thi�Sccur�cy f n�trumcnt is un a Icatiehata.Borrower shall :
<br /> a
<br /> . . eampty with thc prov�sions af the lease. If Borcacver acyuire�.f're title[i�r`s�Pcapcny.the Iestichnld and fce tide�hali nat � . _.
<br /> • � be merged unless i.ender agrees tn�he mcrger in writin�. .
<br /> 6. Cin�rs to Borrov�er and PrMectioo o�Lende�'s gi�ts in ttie Property. Sorruwcr�hall•pay all govcmmenwl
<br /> or municipal charges.fines artd impasitianw th�t arr n��t inctctdcd in I�.iragrsph 2. Horrower titwit pay�hese��b{iga�ions on .
<br /> • • � time directly ta the cntity which is awed�he payment. it fs�iurr ta rey aould udvcnrty.�ffcct I.cnders intcre.rt in�he
<br /> • P►npeny.upon Lender's reyuetit Horrawer�haU prumptly fumish to Lender mceipts evidencing these{reymemti.
<br /> h 2.��r failv u� rform an o�her
<br /> it Botrower tails tn matce thcsc paymrnts ur the paymcnts rcyuired by f's+ragrsp 0,� Y •
<br /> �,,:�.. � • •• �mr��s andagrcements contained in�his 5ecurity Intitrumrnt.ur there iti a leg�il Qrc+ceeding that may ttgniii�cantly affCCt
<br /> l � � Lender's tip,t�ts in the propeny(such ati�pnxceding in b:uilcruptc�•.fe�r ronctcmnatiun��r t�•enfnrce 1•aw�or re�ulatians►.
<br /> ` -- • �-' -- - ttxn tender may do mtd pay whatcvcr iy nece,sasy to pn�tcv�t 1he vatuc nf thc I'r�pcey��d i.en�icr ti right.in�he Property.
<br /> ' lncluding payment of tarce�.h�ara insur.�nce and uther items mentiuned in I'araf;r:�ph Z.
<br /> ' • � � Any amounts disbtused by k.ender under this i'ara�raph!+frnU become:u�additie�n�l debt ui'Horruwer und t+e�ecured . , .
<br /> , ` by this 5ccuriry insuument. Thcse am�iunts�hall he:ir�nterest from the d-.►tc of disbuncment.at the Notc r�tc.and at the
<br /> opuon of Lender,sha]!6e immediately due and payabte.
<br /> • 7� Coade�ee�tlt�. The praceeQc�f�ny�WaCfI U!CI:liiil fOf dama�Cti,(IlfCfl(�f COI15El�UCI1NSI,in cunnection Kith:�n�
<br /> '� ca�demnation or othet takiag uf:my part��f the Ptoperty.or tor runve}ance.in ptace�f c��xtemnation.5re hereby:L.�i•ned � .
<br />_ . � -____ �y�.���¢=a�,fndcr tn the extent ot tf►c fu11 am�uns ot 1he indebtcdncss that mm:sim unpaid unctcr the N��tc:,n�thiti •
<br /> -�---� ��- -- Securiry Instrument. I.ender shall apply rueh pnxeeds to thc ieduction�f[fte indebted,rte��artderthe i��tr:�t�Q�i.S�u�;S - . ----------°---
<br /> � • • � ` [nsttumec►t. fust to any deGnquent simuunts apptied in the arder provi�ted in �ar.�rrph 3. and then u�prrpa}•mrne ot
<br /> • '�. ptinripal. My npplication of the pccxerdti t�the ptinripal �ha11 not extcnd��r{x��tpnne thc due datc uf the mvnthiy
<br /> , t�Ye:c�d�rdrnr t .
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