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<br /> ° k PaJa�t arPKu�'�1►Ister�t aod 1.ate Clia*� $ormwer sl�U pay when due the principal of,aod itaecest un.
<br /> � the debi evid�ced Dy the iMate and tatt�ltatges due wder the Nate. ..
<br /> Z Ma�WJ���d►Inwraeoe�Utber CMar� Bormwe��a1!iaclude in e�c6 monWlY P�Y�n�
<br /> ��� s.. with tBe p�t_and intecest as su fatb�du Nate anda�r tua charges.a4 installleent of�y(a)taxes and _ _
<br /> � sp�atse.gsrtxats Iaviai�pr to be`terded against the Pcaperty.(b)ipseAold payments or garnd t�an the Roperty.and
<br /> ���.� tc)P�emiwns for ms�uancesaiuiied b7►Pa�raph 4• _
<br /> _ - Exh moathiy iiuudlf�eut for iums(a).N)�(c)�equal one-twetft6 of the aonuat amatmts.as maconably = -
<br /> ---�-- �stimata!Dy�i.asde� u�:sin amamt suff'icimt tn maintain aa addidonal ba�ance of aot rnae tlna aat-suth of tt�e - -�_
<br /> - f�-:' esdmaLed amouN�. �ft�1 stmaal ameunt for each ium sbal,l be accnmvlued.by Lenda a�ithin a period ending one -° --
<br /> - month befaz ao isan v�auid 6ecome delinquens. ixndes shall hold the amouats collected ia tzust t�pay ittms(�3 tb)and _
<br /> -- (c)6efo�tt�y 6ecom�d�elft�Q�ent = -_-_ •
<br /> .� _ If at ao}t tunc dse totai of thc ts txid Lenda for items(a?. lb)and(c).ro8ethet virith the future matsthly ���-_
<br /> paymeats for s�ch items p�yabk to endet prior o ttx dae daus of surh itans.exceedc by mate than ane-sixth the _'°�''s—�
<br /> esdma�ed amount of paYmatt�raNued to pay such iums when due.�d if payrr�ents on the Nou are curlsn�tl�en Lender �__---�-- _
<br /> shall either rsfund t�cxcc�s aver ooe-siath Qf�tLe estitn�ted paymeats orcc�d'�t ttw exc�s ovar oue-sat6 of the estimaud � �
<br /> � �Y to umi pay,meats hy Sorrowe�at the ap�an of Borrower. If the total of the p�yuuents made 6y Bonnwu �-�•�` ,�-
<br /> .,` f�or�}.(b�(e)is iiti�fficient to pay d�e item wl�n due.then Bormwer shatl pay to Lender a�ey amonnt aecessary to ;" ,. -_
<br /> :���._
<br /> rt�alce up the deficiency on at befo�the date the item beromes due. '� :�;
<br /> , As used ta thi�Secun�.fy Inswmea�"SecretarY"means the Secrct�r�+af Housing and Utban Devetopma�t or his or her i�+��:
<br /> �� z��.�»
<br /> dcsignec. Ia aay year in wtt�ch the L�der must pay a mortgage insurance premi�un to the Sec�etary.each raanth1Y PaYmen� • `� ��;oa: "�—
<br /> � �� shall also include eithet: {i) an installment of the annnal mongage insurance pnRnimn to 6e paid by Lender to tUe �- _,�'.;.-�'--—
<br /> .�_�' . Stcm,iary�ar(ii)a manlhl�charge instead of a mortga$e jnsurance p�emium if this Secunty lnstnunent is hctd 6y the �:��.:--- -
<br /> . Secletary. Eacii monlht�r i�tallmeru of the mortgage insaiance premium shatl be in an amount sufticient to accamutate the -- - -
<br /> � fuU anavaI mortgage insur�uux premiam with Lender one month pnor to the date tt�e full annual mottgdge inswaac - j}
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<br /> - premi�usr is due to ti�e Secm�ary:or if�his Security ir►strua►ent is.held by dte Secretary,each mantWy cf�arge shall be in an _ ��-.—.
<br /> • ` amou6t�qaal m o�tweifttf,of one-half percent of the outstartding�cipal bataace due on die Note. ; ,—ir.�'
<br /> `.-" ` If Borcower tertdets ta;l.ender the fuQ payment af all suns secured by ttis Seciuity 1nsErument,B�rrower's acoaunt _
<br /> t :`� shali be ciediUed�ith the ttrlance remaining for al}'v�sta!lmencs fos items'(a).(bl and(c)and any ma�'�,e ins�uance �._
<br /> ..4�if.. "
<br /> �T :�'r;;•:�.�,. � pmmium installrnent tJsai Lcnder has not become obligated co pay to the Seetie[ary.and l.ender shall pra�c refund any
<br /> ��1>,•.>��.;.� ��:�==
<br /> '. ,::l � ezcess funds to Borro�er. tmmediatety prior to a:o�eclasure sa2e of the Ptv�ey or its acquisition 6y I�n,�,�.Barrower's
<br /> . ��r ,.�-�� , � " acca�:�:�flall be ct+edited wl�aup 6aiartce nmairtinS far al!instatl�nenu far items(a),tb)aud�e�. • ._ , , , � '��=--
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<br /> , '•s;. {��:'f��' • 3. Applic�3ian af Paytnents. �411 payments under Paragraphs 1 and 2 shall be applie�6y T,.eader aq�oJlows �. .�-
<br /> - :itr�.,�'j!y :}y. ,', � •i!�.:r..
<br /> ;:�• .:>.�x�s,; � �S�to the mang Fu�surarrce premiwn to be paid hy Lender to the.Secretary ar tv�,�..-om�]Y cEs�ge by the . . ::.lfj•_
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<br /> �'��.�. �- :• Sectetary instead of manthl mortga e insurance �um:
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<br /> ;;+,,• ;;� SECOND,to any taxe's,special assessments,leasehold payments or gannd:r�nts.and frre.ftood and a�ier hazard ,: _
<br /> =;':'' ,:�;:�'.'� • in rtrenCC aIL'iAIlID3S.HYFlC�(UIfC(�: . . . . .<i .��:���,.`��,•�
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<br /> , ��• � � �p,to mteresi Au�:under the Note. ' . . . ,;.:f;4:����`- ��}:
<br /> ��� ��t,� ,
<br /> ' ,!�:';��;;'.�. • �.to amorilzatton of the principal of the Notr, : ;, �: ,� . : _''��
<br /> . - ..;:g.. .,I�J�i,tolatechar�er�dueundertheNote. : ..-. . `f�'?�"°�'�F����, —
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<br /> � . � Pme,Flao�an�d t7ther Hazard Insnranc� Baaower�':�,ms�,.-y.;J:,p;r"�-�provaments on the Prap�ix�whether now $�:.�rr���r�� .,�-,�_
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<br /> • in eaistence or sut� u�ntly erected.against any CT�ards,casualties.artd��:tii�ensies.ineiading fire.i.'er.�wfiich Lender �;,;�.�x'�•.�:'��t;�,�' ;,,�=:�
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<br /> ' requszes�nsuran�c.�ie 1n�arance shall be m�intx�:tt�in the amounis and t%.sli:e periods that Letider:'�t�.nii'r�. Borrower , t.?�k��i��:�F.;_:sy;,,,;•�. : �
<br /> .. f'.�� �"(�., shall a].'so lnsure all improvemenis oa the Propert},whether now in existence or sub uenet�i�i..°d.2�.:�=toss b floods ' ' � •�°
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<br /> . •..z'.. • to tis�i:au�t requirzd by iha Secaet�_ All insurance shall be carried with companies appmt+�i'y.IIxnder. 77te insurance ��",:,i;�::s�� �.
<br />', _ � pati�,e��d any renewals shal) be Fe;d by Ler�r and shall include loss payabte clau� ;i.favor of,and in a farm j
<br /> �bfe to,txnder. •: ,. '• '.
<br /> - ,�the event ai lass.R��rrower tihall give G:r.•.3cr immediase natice by mail. Ixnder may make proof of Ioss if not . , ��:
<br /> ''i,;, mu��-p:om�tly by Harrower. Each insurance cornpany concemed is hemby authorized and directed to ma[ce payment for .
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<br /> sucb 1�4sdm.ctly to Lender.instead of to Barrower and to Lcnder jointiy.All or any part of the insurance proceeds may be ° �'' , �l
<br /> a�pSic�i:by L.ender,at it�apitnn.either(a)to the reduction of rm:•:ade6tedness under the Note and this Secunty lnswment. {�;. ��-
<br /> `�� first to any dellnquent amaunts applied in the order in Fa:r�a�:�r�y 3.and then to prepayment of principal,or(b)co the �;;-
<br /> restaration or repau of the dsjmmagcd property. Any ayplicaa�.*:�-the pracceds to ihe pnnc�pal shall not extend or pastpone 'Y,
<br /> �, � ,<<+ ;;�°�. the due date of th�•momhly payments whicb are re'.'ened to iti 4'aragraph 2.or change the amount of such raymenu. Any i•.
<br /> • �,%�, -. `�•• -;-��;, exscss insurance pr�x:�+e0s aver an amount requ•�+�s to pay a:'.nutstand�ng indebtedness under the Nate�.�n�i:th'ss Securiry r.:
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<br /> • ,. ,,i�. ,.,,Ss:,: Instr�mc�at shaU be pzid l016e em:t.w•legally entir;.�thercta. '� �
<br />_ .,.�c, . ,, ,,.,�.. !n the event nf foreclay�tra r1 d��s Security Instrument cr�.ther transfer of titte to the I�;ec:;��iaa:��'inguishes:.!fe �; ;�.tf• �'�%S;',
<br /> `'��"�`` iadeb:�etness,all ri ht,l9tle and�:.:%z'4:a of Borrower in and tv insuranec ulieies in force shall: ���as uv.•c.-�haser. ��;;���!',�;:`�ti +'"•�
<br /> ''�';•ts';� • + � Maintenance and Protectlon af!he Pro eHy: �+�'�y�n A lication; ''%�;�;;��,i:�'�;J•
<br /> .. Y 5. Occupancy, Prc�rervatiun, P PP, �.., :,•.-
<br /> . I.tasehoWs. 8orrower shttil occupy.e�tablish,and use the Praperty as Bormwer's pnncip�zT :�i��:���r�ic:hin cixty days ` �k�.
<br /> ' ' • � after the executinn af'thlr+Serurity ln�trument and shall cantinue ta occupy the Prapeny as Borow�r��srir•�.ipal res�dence •
<br />�;, . r; far at i�ast ona ycar after Ihe dat�af i�ccupancy.unle5s the 5rcretary determ�ne�this requirement will cc::�c:iindue hazdship ,, �:,
<br /> � - for Basyvwcr. ar unless axtcnuating circurtirtanccs cxi+t uhiu�.are beyond Horrowcr's contral. Baaawer shal! nau��; �� ;,,
<br /> .. Len3�*s of any extenuaHng circumst�nce�. �orrnwer shall n�:4 wmmit wu�te or de�troy.d�mage or xubstantially c6:�T�;: ,
<br /> the'1'rs3�s:rty ar�I1aw the Property to deteriorate.reasnnable<<i��L and tcar cxcepted. Lertdcr m�y mspect the Property:':`: .
<br /> • . • ' Pcopes�.y is vacan!or abnndUncd at the toan iv in dcfault. Lender may takc rea���nsblc actinn to protect and preserve such •�
<br /> vacant or Abandoncd Praixrty. �arrowrr tiGall�lso hc in dcfault if Barrowcr,during thc loan�pplication process,gavc
<br /> � •! mascrially false nr ins�ccuratc inforrn:�tinn ��r S�atements ta t.cnder lot failed to�pravide Lender with any materie! . .
<br /> ' ''�';��,�•` infamla�lUn)in conntrtiun with�he�u.m evidencrd by Ihe?�e!e,incfuding,bu�not limited ro,reprexemations conceming
<br /> •: ';���};�``!�,` . Bamsu+�'s acrupancy�i the Pro�..rt;=i�w a principal residenre. Ct thix Securny Intitrument i:�:r•.a teasehvld.Bntrower s(�all ` , �
<br /> ,.; :::,4,'�'•,:• .- . `, :
<br /> . . ,� co:�nt�+�":tfi ihe pravis;9on4 of�hr ica�c. !i'gorcua�cr acq«ir:�c:e.title to the{'rnperty,thc!:a�ehoid and iee title�hall not i
<br /> bd�,f;;sd unlcss I,.endCr ugrccti tu Ihc mcrger in.�ti�:ting. � ,
<br /> " ;,'�..Chae�es In 13orrawer and Peutectua�t at Gcnder's�Rig,htq in the Property. ganuw,.�r�h�ll pa}�il govemmentHl �
<br /> ���� or Inuni�cipal rhaz�;c�s�iincs Und impnsiNun�el�;�,n�:naf included in ixar.�graph 2. Bnrrower thall pay thc�c ebtigations cm i
<br /> '� Hme dii�:tiy tn 1hc enlity which ir owcd th_��y aicnt. ff f�:'�re ta pay wnuld advcncly affeet l,end.c�:.^.terest in the �
<br /> �. f
<br />; � Prap�tty.upon Lcndc�ryrcyucst Burruwer+hatl pr�mp�iy t'urni:h•i�;Lcndcr rrccipic evideRCin�:hese paymcr.:�.
<br /> If-8urrowcr iHit�tv mukc these paymensti nr thc payrn��at�� reyuireJ by P�aragr�ph _.c..tails to pee"'�nn a1y.y;aitcc `'
<br /> ' cavenaAts and:+�r�cments cuntuinrd in thiti Securtry In�trumer.t,ar thrre is:c;e�al proceaiic-�;that m�y��grtit:y'�tty a:*cc1 ;
<br /> . � Leltdet's»ghts in tha I�roperty tsuch:�a pruc:-r�3:nb in b:mkruptcy. fot rundL°mnaUocr or t�a+:nforce la�v5�.v tegulat}vm). •
<br /> ' then Lender m�y da tm�i pay whatever is aect��„;y ta�m�tcct thr value uf the Property and L,4^der's rigrc<.sn ihe F'ropcny. j
<br /> • inctuding�raymcnt trf tt�xcs,h.u.sud insur.mcc sui�t oihcr iicm�nte�itii�ned in P:uagraph 2.
<br /> � ' Any amnun=3 d�;bur�ul by l.ender under thic p,�r.�{:raph�hall becnme:u�additional ctelat ot gartower und be secused .
<br /> �, ..n by this 5ecurity lnsuument. 'these.im��unt��hall bear interes�f'rnm thc d:ite c�f disbunemcnt,a��f�c Nutc ratr.;u�d at thc
<br /> ° crption of Lender.shtil)bc i�nmedi;►tcly dac und payabte.
<br /> 7. CundemnUUun. '1'he prrxeCds��i:u�y awarJ or cl�im for cfam:�ges.direct or wnseyuemi�l.in cvnnerti�m with:my ,
<br /> • "3,_: _-__ _ condemnniivr►w Wiicr tal.iog�f any p:ut�f thc E'niperty.ur for conve :mce in place uf c�ndemnation.;ue hetet�y as4igneii � _
<br /> -- .
<br /> . ...
<br /> . �; and sh:ilt be paid tt�Lender t�Ihe extrm nf the fuli�un��um uf the in�ie tedness that rem:uns unp,u un cr t c ntc and t �s
<br /> -. :- : .=.. .--_--=-.-=--.-.:�- 5ecurity(nsirumcn4� Lcnti�r sh:►!!spptS wch pter_•eeel�:tu thc recluctic�a c�f the indcbtrdne«�mdrr the Nnte:�nd Ihic Security � -
<br /> lnstrumcnt. tirst tv anv�ielinyuent amounts upphed in thc urder pmvided in P.,regraph 3, and then to prcpaymcnt a1'
<br /> • printipel. Any appliradan of thc ptcxrcds t�Ihe principal shall not cxtend ur p�st�onr the due date nf thr monthly
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