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<br /> - -_�;:s-.�.,..�:� � = . 9�...-��64�� �
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<br /> . = � !. AtJweN d Pri�eip�+Lke+est ua Late CYe� Bamv�r shxlt pay wbas duc tLe p�inclpai o�aad iooereu an.
<br /> � the deM eviden�ed by tLa Natc�dUwcch�rges due w�da d�e Nata
<br /> - � � � Z..Ma�tdy W!�!eMs°tllrse�.ta�raut aad Ot1er Ciar;es Barta�ver shalt iaclnde in cact►mantWY DaY��►
<br /> �� �o�i�et with the prioeipa!and inte�t as set faM iu tUe Kata asW�y taroe c�atges.��talineait of�uy(s)�ucas and
<br /> '� specis�!�ss�eents kv�ed or to 6e tevied a�rainst the Repeny,(b)leaset�old psyrtknts ar�vm�d reats an thc Ropertp.aad
<br /> �.,�� (c)Pezmmmv fa insnraooe coquised by Px�aS�ap6 4.
<br /> �� r�cn moati�cy i�a�n�t f�ueats c9�roi��t�>5Ha11«�ual onc-cwei�n of cbe amual amaw►ts.aa�bty
<br /> - -== estiam�ted bi►Lcrxfet;�lus�amau►i ss�cient t¢Aeaintain an.additional b�tar�ae af aa�more t�n aac�siatb of tde __ _
<br /> - -= es�msted amonn/s. ('AC fu11 uu►usl amaunt for each itcro shall be accwnWaaed by Lrrnder wittrin a period a�ing one
<br /> - esd
<br /> moruh bofore an it�a woald�ectxee delinqqeati l�ndes shsU Iwtd the amouats coUacted in tiust w pay items ta�(b}and —
<br /> (e�befaet�eybecomedeGnquenf. �_� �
<br />��'�s I��t any simc tde taat of ti�e pa ta heId by Lender for items(a�(b?avtd(c).�witb the fvaue nwnthly --
<br /> "�.: _ psyments fa sach items payabte to �er pribr ro t�e due dates of such items,ex by more than aae-sn�d�tha _
<br />_ - esumated amwnt of PsYments cequued to pag such icems whea d ue,an d i P pay_ments on�h e N o t e a r e c u m e n t,t h�L e n d e r
<br /> sltatl eidiec nfimd the eaass over one-suith.af ttee estimated payments or as�t tbe excess over ane-si�cd�of ttic estimaied _.
<br /> - - payments co subsequatt�Sy�ts Ey Borrowet at tUs aiption of Barroaer. If the caal of ttx paymenu t�wide by Bormwes � �_
<br /> e
<br /> for ttem i�)(b}or(c)�s utsafficient to pay tite item when due.then Borrower shalE paY to Lender any amormi nece.ssary to.
<br /> - -�` make apthe deficiencY on osbefore the dntc the item becomes due. -
<br /> .. As used in this Securiry InsuurttseG"SeaeuuY"means the Secratazy of Kaasiag and Urban Devetapment or h�s or tter �—
<br /> desigaoe. tn aay year in wbich t3be lender must pay a tnartgage inscuaace Pceu�ium to tltt S�.eacb manthlY Pai'm� •�
<br /> ui
<br /> s��l a t s o inctude eitlxr_ li)an inssallment of the arutual mattgage inswance p�emium to be paid bg Lendrr ta tha ��-
<br /> �s. ��° •Secsetaty,or(ii1 a muat6ly sharBe instead of a maRgage insurance ptamium if this Secwity Gtstrument�s held by ttie [?�---
<br /> ua
<br /> .:'::;''`� .� � ' S�ry. Each maott+ly instaltrna�t of the martgage irrswance premiuitt shatt be in an amourtt sufficieut to accamalate tt�e -�j=.
<br /> - {a��='� ''' f u U a a n u a l m a K g a g e m.s a r a n x p r e m i u m w i t h L e a d e r a n e m a n t h �m a r t o t t u date the futl annual m a rt g a g e insurance ��.�_�,.
<br /> �Y6:,:3k:j �'�; � --
<br /> ;_�z�:'�:t: :,, p�emium is dae to the Secret�y:oc if this Security Inso�m�t is 6ddis!�the Sectetaty,each maathly charge shall ix in an .s�.
<br /> �.::, amotmt equai o0 one-twelfth of otx-half pe�ent of dte outst�ss�a�,Piimzpal balancedue on the Note. • i•�r_.=:,
<br /> . ` :�� If Borrnwer tende�s to Lender the fi�ll paymenr af.all,ua�a secut�ed by this Securiry lnswmen�Bomawer's accajat ���-°-:.�-,
<br /> shall be credited with the balance cemaining far aii:m�al}rnea�ts for ftems(a).(b)and(c3 and ang maKgag�,ins.trance �� :�::;�;.
<br /> '•�: •s • � premium installment thut Lender has not become obii�ted to pay tn the Secr+etary.and Lender shalt promptly�d any . � :��rc ' -
<br /> ��`''`. � excess funds to Bomnwer. Immediately pQas to a fo�eclos�re sale of the Property or its acquisition by Lecsder;iiaamwets ! 'S'�
<br /> ...�,�_:y�-... i;�,:.�i,,:l�.• �
<br /> < „ account shall be credited with any balaoce cc�aina►g fot aU instattme�s for items!a),lb)and(c). . ,.; �-
<br /> ' � �' '-';�'� :-.� 3.Ap lipttion of P�ywents. All payraents under Pa�agraphs I and 2 shall be app}ied by i.er�decas follows: ;;. :'f;.� .
<br /> . �- ' -�=. `��� ' �to the mortgage�r�5urance piemmn!ta be paid by Lender to the Secretary or to the mombLg ckarge by the r;. �f�. ' *
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<br /> ":'����` Sac+etary insteaA of the monthty mortgage msutance p�emium: �1 '�. . ,� -
<br /> ' �+"'-"r: •`<i?`; .� Y ��� en fire flood a.rtd othe[hnZaid ,, .'��'�
<br /> ` ' ' �F.C�Np,to an taae�. assessments.leasehold payments or ground renw. d . �;-,.
<br /> a,.�';..; �• SC�. �-
<br /> . ,� .�:`ti:f,�,.r g ir�stu'ance P�emiums.as tequired: . '�`,��,< .f �--
<br /> ;`z`'�' :;r;��� ' ' �g�.to interest due under the Not� . �' z. _ _
<br /> �;�.:�� ,r�. �"`f,' i� . � -. '�•. .' _--
<br /> "�` � .�P ': EOUR`Fffi,ni�amartizatian of the priaapal af t�e `'ur� .. +.., -
<br /> 'i T��`. . . . ._� . �!:f . � . - _'
<br /> . - :�:::;:.. . ..�r:: Fff€i{uv l�ie charges due under tha Nate. :_ =--
<br /> a`.`�-. 1 . . _� ; •. 4.F7r��iood aad Other Hazard lnsur�nce:j3.:rrr;wer shall lnsure all improvemcnts an r}i�L�taporty.uh�t�ter now �.'•. �s.. . -
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<br /> > - '•�.: . ia�existence or subse��Cently erected.against any hara�.-��casu�laes,and wntingenries.includin;�Sre,far�isisis�.estder i, . , .,�`
<br /> ' � �uires insurance. This insurance shall be maintauied an:the amaunts and for the periods that L�nd�r requi� L��ow�
<br /> � ' � �`'�. shall also insure a11 improvements on the Prnperty.whether now in existence or subsequently erecced:against�b�x;�is f floads . � ,.--
<br /> � .-; , .';����:
<br /> � ��.-` • � ' �`..`��;f� . to the extent required by the Seccetary. Alt insur�nce shall be carried with campaniesappraved t��E�tider. 'C6�e insurance ._ _ -:
<br /> " �e�'•' `� policies and any tenewals shall be hetd by Lender and shall include lass payable claus� zn �F:�r of. and im a farrm •�'<i�':�,
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<br /> ' tabte to Lender.
<br /> �':,.,�4e�;:. . .
<br /> :�• ��' =• ` �In the event of 1oss,Borrawer shall give Lender ras�nediMte notice by mail. Lcrs�er��u._�ratce proof af To�s iE nat� . . ,���
<br /> '� " � ' made promptly by Boaower. Each insurance compar�caa�cemed is hereby authari�i a�-�d ciir�+,...ed to make gayment fo�•
<br /> :��''� :
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<br /> � '�°.;� such loss directiy to l.endar.instead of to Borrower and zo t.ender loimty. All or any part of the i��.suance praceedv may be • � ' �:.-.:
<br /> ``�� - ' appliedby L�der.at its option,either Ea)to the rcductian of ihe indehe�dness under the Note and rPs�Securiry lnstrument�' - •• '"
<br /> : : ;�.
<br /> � ' ' - fust to any di�isnguent amounts applied in the order in Parngmpb 3,and then to prepayment��f}r�Wzcipal,pr(b)to ttr� , ._ -
<br /> '" ' restoration ot7epair of the damaged property. Any applicatian of the pracecds to ehe principal shsli r�t eat.nd�»r�ostpone � • „ .
<br /> �t i��; . • , . , the due date of the monthl y paymen�g wh�ch are referrr�,i ta in Parugraph 2,os change ihe amount o¢sGCh�S��m�sta. Any , . �
<br /> eacess insurance ptoceeds ove�an arn�unt reyuired co��ay ai!autstan d�ng in de bte dne�c un der t he No ic a n d i h i s S e c a r j t y
<br /> � , .. . Instrument shall be paid to the entity le�a����entitle3�e:atn. �
<br /> In the event of forectosure of ty,is Sr�+.�rity Insttumeni ur ather trun+fcr of titl�to the Pro�.r; that extinguishtlA the
<br /> � �' � indebtedness,all righ�title and intcs�st+�f 8+7�;ower in and tn incuranse palicie9 in farcc shall pas�u�•�fie purchASer. ,. . ;
<br /> •�-,�.� . 5. Occupancy. Preserva Non. !M�c e n a n c e A n d P r o t e c t i u n o t t h e P r o p e c t y. 8 o r r e c�r t r's L o�rt A p p l i�a t i o n: .
<br /> � • I,easeholds. Barrawer stw11 ar✓:upy,est�ulish,and a,�c the Propefly av B��rruwer 4 pnneipal residence withini�r�xty days .
<br /> ' � , �y.; � ' after the execution of thi�5ecariry lnstrument nnd sTt;:�l continue ta cxcupy the Pn��:rt�as Barrower ti prnc4pr�!residence , :�,;,.•<,. .
<br /> • ��, for at teast o_Re ycar after the date of or.cupancy,unle��the 5ccrctary detcrminea thir.rcuuirement u�!!cause►itrdue yardship � �.�;�:; . .
<br /> ,..�. :,,,
<br /> ';�'�,'+�, ��.�. � • fm Borro��;c.,-or unless extenuadng circvrristance��xi;t whieh :sre tieyond Bo�r:,•�erk c�nut:��. Horrower sS;all notify �
<br /> , � . .. .. . Lendero c•f:�^.�extenuating circumstances. 8orrower s ha!! no t cantuzr t w a�t e a r d e�i ro y,d a n i z.�e�r s u b s s a n t i a l l y c h a ng e
<br /> . � the Proper�y or allow th:.Propeny ta detcriaratc,rearorsUf_a•�:.�s sr.,i te�ar eacepted, l.ender ma� �n�{�ecl the Yt�s�erty if the . .
<br /> ' Propetty is vacane or abandoned or the loan is in defa:��. Lender may take reasonabfe action to protect and hrv�erve such
<br /> . vacant or abandaneA Property. 8orrawer shall ulso t�e uv deiuult ii Hurtnwcr.during�hc Id.�n applicatioq nro�;'�s�gave
<br /> ' ' materially false or inaccurate information or stat::�:-��a to Lcmder (nr t'aited tv provide Lcnder with ar�� material
<br /> � � � � informat�on)in cannection with ihe laan evidenced by the Nnte. inc�uding,hut nat Ilm�ted tn,representation�,�nceming
<br /> ;��.�.�;,�,: ' • 8nrrawer's eccupancy aP tho Ptoperty a�.:;.principal residcncc. If thir 5ecurity In�trumcnt ic an�(F:schold.�orta�ver shall .
<br /> comply witCt ti.�e provlsionx of ihe lcas�. Ct Bnrrawcr acyuiac�fee NQe tn the Wuperty.ihe Iou.k,�I�o��;and fee tiltc tihall not �
<br /> • ' be merged�,.r[:tis Lenderagrcey�o thc ctwrges in wria�:g. �,.,• ,
<br /> � �'�•��-� 6.G�trr�es to Bo�sc�r and Pratestlon oF t c.�sder'�Rights in the Prupert4. Barroa 4r-��wi pay a11�c:�Trnments,l -
<br /> .;-;;5;;.:.: ae cn�::;�{a:r cha-ge�.Gne�and impu�iao;�s that are rrx in�luded in{�ara �i h.. Burrower�hzll�ay�hese nb';e�atinn4 an F ;
<br /> . ; • , �
<br /> b�'P I ���
<br /> " ' cimc dir�ctIy v�ihe cntity which is owcd the payEtr.r,:t. 1F fxilurc tu pay wc�uld adverscly s;f(�:t�s.nd:r�ir,rerest in thc {••�
<br /> . �,� •`: Propeny,u�,;e�i.ender�reyucst�urrnwe:�hall pron:act;fECrnirh to 1,�ndcr reccipts evidencin�;th��w-ayments. �
<br /> • � . • . If 4�arrower fail9 to matce ihese p:+yment�or t.r,e payment.r rc�yuircJ b�• Naragraph �,or fu1� :o perfnrm any othcr !
<br /> � '� - cavenants and a�r¢emen�g cont�ined in this Se�urity I�Z�crurnent.or ihere is a fegal procecdin�:tha�msy signitic:uttly.�ffect . �
<br /> • Lendeis rights in the Propeny (such�s�pmcecding�n ba��kruptc}•.far curtdrmmauon or Io enfarec t�ws ur regWatiuns), � ' ; �
<br /> then Leader may do and pay whatevrr iv nece4ssuy to protect the v.due vP Ihe{'nrperty and Lendcr�right.in thr ifiupetty.
<br /> . • ' • inctuding paymeni of�axcti,h�ard insurmice artd other itemv mentiuned in Y:+ra�:raph Z. �
<br /> � Any amounts disbursed by Lcndcr under thi.r Vata�ra�h gh�lE bCCUmc:u�additiona!debi nf t�arrower and be securrd ;
<br /> • . . by this 5ecutity lnstrumenl. Thesc amount�sh:il!t+e:u��ntcrest fra�n the date vf disbur�emcait,:�el:e Notc rate.;u�d at�hc i' .
<br /> -_ , ' '�• opuon of lxnder,shall ix immediatcly due wtd payuble. i '
<br /> � _ . _ _ � 7. Condemnatint� 7'he proceeds of any a�v:uri ur d:�im fur<lam�ge�:,direct�r ronsrqurnti;il,in cunncctiun with any ! ,
<br /> --�--- � -- wndemna�ian c,s other taking uF any part at the i't:i�trty,u:ft+r rostve}•�e�"sn ptace vf rondemrr.ttinn,Hre hereby:u�i�n�3 '_: '
<br /> � _�`�_v u:_� and shsilf be psrid tu Lender tn the extent of thr fulk amowt di th�indebtednetis that remuns unp�iJ under the Nate and this
<br /> - -- � Seeariry lnstrnmem. i.en�fersir�S#�y�iiy�uel�{►rc�:�tathe rcc�uctius�£thc ineiel+tc�e.cti uncier the Note aac!thi4 5reurity '
<br /> � lnsuumenL fint tu any dellnyuent amounts apptied in the urcter pn��•ided in P�ar,igraph;. �nd thcn tn prcpayment af � ' �
<br /> �� ptincip�il. My applicadon of fhc pra:ee�tu!he prinuipul.shal!hot c�tcnd ar pustp�sne the due date vt'thc mnnthly
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