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<br /> � i..ty�a�at d peJ�pa%,taterest asd L�te Cbarsa Baasa�rer shall psy wtloA:due ti�e pRincipal of.and intecest ao. �
<br /> - tbe debt evid�nad bY the Note aad lar�e cMrBes duc oader tt�e Nau. Bormwsr,atu�ll.inctud�in each ma�W1y PaY��
<br /> -- Z.MoetllJ psysaits d 1iu[es,ia�aaa and Other C�+ea a u� �
<br /> °= togethe�with tl�e,principal aad a�teirsras set foN�in tHe Not�and any tata��•��an tf e��Peop�tt}t.and
<br /> - spaial,���+ts kvie8 or t�be levitd agai�,�t dx Preperty.(b)lease�o2d pzyments Bmu�
<br /> — (�)l�emiums far ins�aceieqvusd bI►PataBraPf►4.
<br /> -- ' Fa�fi monthly installto�t fdr�items Ea).(b)�d(c)sha11 equal ono-tweIfti�iuf�tlte anttual�ts,as nasanabaY
<br /> -- - �fo� by L�sder,Phss zu maoqat sa�nt to mai�ipFaup.,�°n�1 tnlam�t�ttot�rnne tttan one-si�th of the ` _
<br /> - �tad amo�ts. 'l�e �annnal amaint for each�:���rumulated!i�y�Lcadcr withit�a periad enA�ng ays - -
<br /> - �����i't�,��is�3t�t��c�me deiinqae�nt. I.ea�i�diLh���=;amounts cstltected:in u�ut ta pag items(a3,tb)and �`
<br /> y — �C��� c' t�;,. i ,.:,>c�.<-. . - `.: - � ;' , ' • � ef� ,_� - -
<br /> �.wqa T� :!�!�' _ �<. .. . . L.
<br /> �r If ae�t�isAt°i�1��u�?oL 1n�Y�.�fii�eId by Lei�der for iL�[�,(b?sud;(F)►.twgeEi-�er.w*.sb the futu�mtantttlY ' ;,;..... z -
<br /> . paymmts���:��'�'��'Mor to tlje dae d�ca�'��ite�:;exc�ds 6g�dwn one-seath thc �,K,i_
<br /> � tstim�md�'of payii�i�+°�o4uired to pay snch items when due,a�'i1' an.the Nate are cumenw dxn La�d� �,�,F-
<br /> � sl�all eithes refand the exass over one-s�xth af the estimated payments or 't tf�ii'excass.mrcrame-sixtfe of die esumated �_:- -
<br /> psymeats to subsequent pa�mems by Botiower.at the option of_Bormwer. If the tatttl'af:tba paymeau madc by Bortower ��
<br /> ----� � fot Item(a),(b),or(c)is insufficient w pay the item whea due,then Bamower shali'#taY�to j:ender any az�wunt nuessary►to � �--. _ __
<br /> maico up�the deficiax.y an ar befaie the date the item becomes due. _- -._
<br />� As�ased in this Secunty Insttumen�"Secnetary"means the SaTetazS►of Honsin�g•and Urh�a Devetopment or his ar her �:�-.�__--
<br /> designee. in aay yeu in whicb the Lender must pay a moagage iasivance premium ta.ttle SecrGtury.each manthiY PaY�� '_=
<br /> u �:'�
<br /> ��� sl�a11 also iactnde eitUer. (i) an insti{Imer►t of the annual mortgage insurance prmnium,ta 6e paid by Lender [a�he . -
<br /> _ Sec.metuy.or(ii�a mo�W�Iy charge�nstcad of a mortgage insurance p�nium if tfa's.Sreurity Insaument�s held tsy�he y. .�'_'f�°--
<br /> Sec�ehry. Each monthty instaitaxat of the moreB$Se insuraace premium shall6e in:un.amaunt suff�cicm to accumulate the +- .� ��
<br /> - � �fa11 annual mortsage insurance premium witt�l.ender one man�h pdor to the daia�the full annuul mortp,�ge insuratsce �.�°•..-=�
<br /> � � ; �. .�.��Y�-.
<br /> premium is due w the Suretary:or if 11us Secndty[nsaumem is hsid by the Sec�etar�r:.eaet�manthly charge shati 6e in an _ . �
<br /> V`� wnatnt oqual w a�e-tweffth of one-half perccnt of the outstanding principal balance diie an tha Nnte. . �.-- -
<br /> . � If Bort�nwer tende�s to l.ender the fufl payment of all sums secured by this;9Ccucity Insuumen�B°rr°wer�aecount r `_���
<br /> shal! be cadiued with the balance remaining for all_u�ctalUnenu for items(o),(�tl�and'[a):amd any martguge insurance _ :�,___:,
<br /> uc -
<br /> - ptesnivar instatIment that LenQer has not become obl�gattd to pay to the Secretar�r;�and'LenAer shal!prompUy reCund any ±;:.�.�
<br /> �. � -
<br /> Bomuwer�
<br /> eacess funds to Bormwer. Immediatet rior to a foreclosure sale of the Property;i►r its�acquisitian by l.ender, �: . .,
<br /> -_ .. � account shall be ccedited with any batunce semaining far af!installmrnts for items(�?i.(6)and(c). ' - - r-_ _-
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<br /> _��-:: : . : � 3. Appikatbn ot Ps►yments. AU payn?enu w�der Paragraphs 1 and 2 shalT tie arpiled 6y I.endes as folbws: ., , �.
<br /> � �;,;' FIRST•to the mortgage insurance prem�uin to be paid by L.ender to the Se�ettuy.or.to the manthty churge hy the � +�`�
<br /> `.�- • Secnetary instead of the monthly mortgage insurance preminm; ''
<br /> �" �==1 ial assessments.leasehatd payments or ground�ts,.and fire.Baad and ather har.a�
<br /> , .3� • �QI�L,to any taues.spec' .�� �..
<br /> , � - ,i • . insur,mce pcerniums.asrequired: . . . i� . . :.�
<br /> "' • ' tw interest due under the Note: -
<br /> �y�c.•
<br /> ;� _'``��,.•= �eo aaiortezauon of the principal of the Nate: � � ��'` <. :'�• ___
<br /> ' � :;:: ��. �t�t�e c�es due under tl�e Note. '',�� u �-
<br /> ' :., ,f ��az�r.. 4. F'�b�ood�utd Otber Huud Insurance. Borrower sha1J iressre alt im�rarements an the Prapesty.whether nuw . ;flr' � . --
<br /> ' f.. �
<br /> ; �� �:-� ��. in esistenc�cr subsequentiy erected,against any hazards.casua1ties,and wntinganaas,inclading fi�e,for whub Lendcr �� ;�,�` ' �
<br /> % ,-s -. - - ��i���.e. '1'his inswance shall be maintained in the amoi:res and for tha•�eriads thui Lender requires. Botrower � ��_
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<br /> �• ��•• _:�. - ' ' _ �� ' shaU also�so�:.all improvements on the Property.whether now in existence or sutiseqµentty erected.aguinst lass by ftoods �� .�.,. �� r
<br /> . . to theexteaRC��r�ired by the Se�retary. AU insurance and shalline udwi Ocoma bit+ claus�an fa a of.a*rd i�, z fosm �� ,';i, � �� ��. ;-'
<br /> ; '<;� � � - poticies ayc��ew+als shail be held by I.ender P Y . . .. '
<br /> �' ��#:. " . : . acceptabl�z^:�..�;sder. �` " ' .�=•�-
<br /> ;. ;;. In�+cz�si of loss.Borrawer shall give Lender immediate notice by mail:. l�ander mt�y muke proof of Irs if n•ot �:• ��' � '_
<br /> ''` :�{. , . - . made praa�r�:y�by Barrower. Each insurartce company concemed As ir,�.seb�autharizad'nnd directed tn malce payment for 'r:: `;_ -
<br /> ;:�.:>.�: s u c h l a s s�:� t o L e n d c r.i n s t e a d o f t o B o r r o w e r a n d t o L e n d e r,���.��`g':Ay1 ar an y,paA aLtho inswance p[�oceedc may 6e , � , • . ',
<br /> � ,:�; •. � �-,�:i. .. a�►plied&g�1Le��er,at its opdon,either(a)to thc reduction of the ia����ess�andcr�tlio I�ate and this Secunry lnstrumenb � ,R . , ,�.�
<br /> fust to a:�v d�:i�que�a�ounts apptied in the order in Paragrap� 4.aa3 tfr:n aa�prepa}tment of principal,at(b)to tho �. ,:� _ ..�«
<br /> �; .''•' .�'.T � � . tCSt013L'�J[ID GSS SEp31f O��.:�9amaged property. Any application of tL�:p:acer.�s cp tho princ�pal shup nm exrend or postpone �:� � _. -
<br /> .�:i`.; • ` � the due�;:rf the moni:�ty payments which are referred to in Pardgrttph 2.or c'reango tha amaunt of such payments. Any r.
<br /> ���� ��,.�t,,;,:'� � �;cess utnsu,.r��proceeds ovCr ar�am�tc..t required to pay all ou��.an�rng�ndebtedh�+s und�r tha Note and this Security -
<br /> :�� • �� '` "" Insuun�s�all be paid to the enury leg�;:y entttted the�eto. � '` •• _ � ' '
<br /> ',:�„'r,•:,;;,;� '
<br /> �` ,.V�:�r;=,,•.,- In �e event of foteclosure of this Secunty lnswment dr o;�er trunafer of titlp tu the Froperty that extin�uishes the i ; �
<br /> ; - ���d�_i :. • indebtectness.aA ri h�title and inierest of Barrowcr i-�a.�d to in:urance policles in fuica sha11 pas.s ta the putchaser. t' �� __`•�` .
<br /> 5. Qceupancy, Preservatian, Maintenance a.�r3 Arotection af the Properly;:Harrawer's Loan Appllcation; ;;,,` `=��'�,. .�
<br /> �.r_ :
<br /> .� �.s;,- �. .`•,'� l.easeh�. Sorrawer shall occupy.establish.and use the Propeny ac Hortower�:•princi�r•►1 rasidence within s�xty days _ _
<br /> � � <,��:.•: � after the�a,sation of this Security Tnstrument and ahali continu�¢�oecupy tho F'raperty a;8drrowerk principal resid$r�se y
<br /> �'���� �' for at ieaseQm�yeaz after ihe date of accupancy.unless the 5ecrc•��determines this requircment will cause undue hardc�ip
<br /> � '��-'�``� �� ` ' for Horro:�.r. or antess extenuating circurtistances exist which�r,� heyond 8arro�var�s cnnunl. Barrower shall nosif}� .
<br /> . ��..
<br /> - �'.�. '= � Lenders of xay extenuating circumstances. Bo�rower shall not c.��nit wastr or desttay,dumngv or substantially chaa �
<br /> . ---. -- - the Prope:h+or allow the Property to deteriarate,rea3onabte wcal a.�d tear caccpted. l.endt�r.mt+y inspect the Praperty if�e �;.: -` - -
<br /> � • ' •• P r o p e m r u��a c a n t o r a b a n d o n e d a r t h e l o a n i s i n d e f a u l t. Lender:�a y take reasonablo u��tiun ta protect and preserve such r, ,
<br /> " � '���'; vacant�r al:��ndoned Properiy. Borrower shali al5o be in de£ast: if Barrower.during tho laan appllcutian pracess.ga�+� :�; . �
<br /> • , �• ' � ��.5f�,; mateaald�y�f�1se or inaccurate infarmation or slatemcn�c to �,e::3er (or fAited ta ptovido Lcndur with any matenel �',.
<br /> � infonna':�aa)in connectivn with the loan evidenced�p the Not:.�ncluding:but nat Ilmited ta,represcntutians canceming
<br /> "' $arrawer's occupancy of the Property at a principal rc�:�ence. lf this 5erunty l�stcument�ls an a lea+ehuld.�orrawer shall �'� ,
<br /> � com I with the rov�sions of the le�se. It Borrower acyuires fee ti�te tn the Pcoperiy.Qiv lu�j�chuld:utd fee title�hall na� .
<br /> ' be me�ed untess Lender s��;rees to the mcrgcr in writing. � �
<br /> � '' 6�Charges to Bonower and ProtccUon u!Lender•s ltip,hts in thc PropeNy. Hartawrr�hidl{r+y tdl�nvemmental �
<br /> ' or municipal charges.fineti and impnsidons that are not included in Pa�ugn�ph 2. H��ra�wm��huQ pay Ihe�e abligationv an ` ,
<br /> , � • timc dimcdy to the cntity whlch is owcd�he Q:+)ment. If iailurc tv pay wottld adver�cl3..�(fcct Lcirdcr�lntcrest in the � •
<br /> , . . PropeAy.upon l.ender's requc�t Burrowcr�haU promplly fumish�o Lendcr rcccipts evidr�yci�t�7 ihe+c paymcnls.
<br /> ' • • lf$orrowcr fail�to make thesc paymcnt.r�r thc paymenu myuired by P�ara+gn+ph 2�,�a fuil�tu perfnrm any othet ;
<br /> ' � covenants and agreements con��ined in th�ti 5ecurity Insttument.ar there is a le�al pr�xecdln�;thut nu�y tii�nific:mi{y ulfec0 ,
<br /> - Lettder's rights in the Prnperty(such as u pwceeding in bankruptcy.fvs condemnx�iun ar tu ontarrc luw�nr re�ufasroa�s►. �
<br /> _ '__ then Lender may do and pay whatever is necessary tv prutect the value oi thc 1'rnperty and Lender's riFhiti in the Propery'.
<br /> including paymene of taxes,hazard msuranre and nther�tems�mentioned in F'�ua�ra�h 2.
<br /> ' � Any amvunts disbursed by Lender under this P:�ragraph yi�ati became an sddltiona) dcbl�af H�mnwcr nnd be sec�eQ .
<br /> ' ' ' by ilils 5ecurity Instrument. 'f'hese amounts shall tse�an'erest ftom the date of disbursemcnl�al the Note rate.and 2e t}t.
<br /> � option of Lender.sha11 be immrdiately due and pa�.a�++. �
<br /> � � i. �nndemnatioa. The proceeds af any aw;Lv�r cL�m Por 4amages.ditect ur con�cqu�ntiul.ln connect�Y�v:i:�',�.�.aJ"
<br /> � - - � .�Mi�.°^�.'�t:o:f or cfWer tatcin�of any�rarc uf th�?:�a;rc��r,or fos c��e}�ance in place uf condemuutidn..ue hcrt����:;s*.��� -
<br /> �.�: � ' �W� ^';s��3:s to ex�;:t uf f•.:ii �ount o��:'�:�:;:�::dness that remains unp�id undcr the Note:+r.a t^it:
<br /> �.,.�
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<br /> - -_- -:J�.:.� � _ « A the the ��.��M1�^.w.��Vf»�Ax�YbteclnesctttEdhr•thaNnteand�hiv5ec��:� _._--- . ----- - -_ .
<br /> .-�::-�-.`__��._ _. ��.:.,� .� a.,�rrfshb��spptysuc�-gr--.Y :
<br /> ' � ����, ��s�t�L�;delinyuent amounts apy`;�� :a the ar3.-p:c+viBeQ iR �atIIgruph 3.:snd then to prcpaymen�a9 .
<br /> . . ' ' � principaI. Any applica6on of the ptoreeds to thz princ�p��l s:i:::��not extend dr pastp�ne tNr du�d�te nf the mar�:P,�}• �
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