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<br /> -� .,,�,� , _ � 91--10���8
<br /> D._�i�t.tlrvd/�1,T�le�R a.e La�e C7u�e..Bac�vxv ahau p.y wbee�tec p�nCipl o�.�a�ar�.. . .
<br /> d�e deDt evide000d E�►t�e Note�I�te c��es due tmda t1�Nate. ' .�
<br /> 2 Mr1i��i,�ab d"[i�ses,Lnara�oe a�4 Otier CWr� Barmwer slnll iaclude in ach mmt�iY WY�. .
<br /> _ �r writh 16e prieapd�iateteu u set faith m�e NTaoe ardany tilt chug�s.��I�t oF�eY t�3�� :
<br /> - apxi�l as�[s kvied or to be kvicd ag�st the Frapr�ty.(b)teuehold pwyments��oimd�o�tbe Ropaty.aa��id .
<br /> ic)r•mu+�f��oe�qui�ea bY Psngaph�- ano-carel8b af Wo aanuzt amamt�.as z+rasoaabl�►
<br /> - Eec6 moot�y ins�t for�ta).@)and(c)sball e�ai
<br /> _ .__ ___ . �ed b]►l.mder.plas aa pmamt sufficieat to maintain an additeooal b�tatna of not more dim o�Q►of d�e �___
<br /> ��emo�a. 'i1�e foll a�ual aawunt for Leader slsaU Iwfd the a�noaats co�llect�vust to}+sy�E�aad
<br /> — ma�h bdoie�n item waoid b000nu det�q�at.
<br /> _— (c}beEae d�ey b�eoo�nt de�-. - - -
<br /> =� ff at my time tfie taul o€the p�ymaa�s deld 6y Leader fa itert�EaA SU)and(c).toSether with tIse fuunt monshdy —
<br />-� P�Y�for soc6 etsmc payabte to L.ender prior ta tha doe dates of snch items.eacads by mae tD�n one�unh t6e
<br />�,�, awaasod amo�t of payments tequue8 to paY sud�itans when due wd if payma►ts oa the Nae ue cvnm�.tlxu 3.ender
<br />_?�_� s1n11 eitibeet nfiaid tbe eacess ova aoo-si�th of tl�e�paymeats or aedit the e�ss over aie-sixt�of�6e�ed
<br /> paY���t paYma�ts bY Bprmv�re�at d�e option of Bo�r• If the total of tbe payments m�de by Bormwer
<br />_��� fa i�m(ak(b).or(c)is insafl'uiaat to pay tbe ium wAen due.tbm$aamwu sGail Qay tn Lend�er�tsy simouat t�ecessoty to•
<br /> �. malce up the def ciencY anos befc�e the date the item 6ocomes dae. —
<br /> - AS i1SC�i!!tb1S$�Ity.������5 t�lG�����$8fid Vt�l�EVC�OpA1Qlt 07 h1S 0!TICI --
<br /> _ designee. In aay year in which the i.ender m�st Qay a marcgage ins�u�nce premiwn ro the SeaetarSr.+�c,b monthLY FaY��
<br /> siwlt slso i�tude eithet. ti)an ioutaltment o�the a�u�w�l tnortgage ias�an�x p�mium ta 6e gaid by Lendet to th�
<br /> �� � Soctttsry,or C�3 a manthlg chuge iaste�d of a ma[gage insmance pnmium if titis Senuity tns�nuRent ts 6e1d by tiu
<br /> ;;.�i=�. ';` tum shatl 6e ia an afnovnt suffccient w accam�late the-
<br /> �Y- ��Y�f�°t of tlse��rtgage h�su�ance Pre�n , �
<br />- �,i, .;�; fuU amua!moctpge mswarxe premima witb Leader aae�pnor to she date titie fuU ammal matgage in.sunr�c _--
<br /> , 4 pse�dnm is dac t�tDe Secretary:or if this Se�mt�L�snt�ment is Iseid by the S�tary.each monthIy ct�arge shaU be iot�tar •�__
<br /> :. �- II �equa!to orc-taeifth of one-half pec�ent of tfre autstaisd'inS Prirkipai 6ataoc�due on[he Nate_ _ _
<br /> pec n
<br /> tf Boaower tenders to Lender the full pay�ner►r of�]}smns sec�aad by thj,s Savrity Imuumen6 Bortower's accouat = -
<br /> sball be c�ted with ttte balance remaiaing fot aiI ucs�aitmesrts 6n.it�ems (a).tb)and tc1 end mat8a8�inwrance `_=
<br /> `�`'`• ' -; ptemium ir�llment that l.ender has not betorne abligated to p�.y tB dte Secrttary,and I.et�der shal�prompdy�eftmd an�+ i,� ._..;:;:_
<br /> � ..�=:
<br /> �• � excess f u n d s t o B o r ro w e r. I m m e d i a t e ly pri o r w a f o r e cl a s u t e sale af the R o p e rt y or its a c quisition by Lernder.Bomoarer s _Y�;��Y='
<br /> ~'-��..`� �coo�mE shall be cted'Rai with any b�l�ace retr+ainirt8 fat.all instaIIments far iiertts(a).(b)and(c)- r��'�4�
<br /> hs l and 2 shalt be hed 6 Lenderas foltaws: }'�-_•--
<br /> 3. A icationotP!►�abents. AllpaymentsunderE�a�aP $PP� Y `�'�`:�: �`�
<br /> , ' ` �to the mcat�r insarance ptemtum to 6e�by l.end.°r to t{�e Secretary ar to the monthly charge by the ����. t ,�=
<br /> . �,'�l���.
<br /> instead aft�e mantftly mortgage insuranc�premium. �,-����;.
<br /> ' • <�,;�;t.'; + ��. ,to any taxes,special ass�enu,teasehold paym�ts os ground rents,ar�d 6re.tlaod and other hazard �,-:.
<br /> '�{'' ias�, iwns,as�qu�red: '�%;°�"
<br /> `, =�!�'�, . �,7,to m'�terest due under tho l�tut� ' v�''�'`:-_
<br /> to amortizarion of the principal of tEseNar.�;
<br /> j` . ' to late charges due under the Note. •.. ; -�`_.�;_
<br /> Y. . r .. ., -
<br /> `.:<:,...: '- 0. F"�,F'lood aad Otbee HazarA Iasuraec� Becr�s�:r sball insure all improvements on�he Pmperty.?�t"r�ti-.er now -----
<br /> ';:;;;; -��', in exis�;a:ct subsequentiy erected.against any hazar{�,�..�tir�.and contingenc�e.�.includin� fue,for�:'�r Lender �.�`�,. �.,�
<br /> .� . �u�ax�ce. 7lus insurance sha116e tnalntained in:,`te�m,rutrts•and fot the periods that I.endet requites. Bomawgr �-:.�. '���
<br /> '.� • perey+whetf�.�ir.owie;existenceorsubsequent erected.againsttossbyfloods �': �"•'-`�
<br /> ,r.... �.. .�.S.aI!a4�o�•..�e all impr���ements on the Pro �Y .�
<br /> -��,.•„f�;
<br /> . ' ,�-::�.�;. . rss the extent required ��:Secce � P PP Y " �,;•''.
<br /> �;� tary. All insurance..f,ail be carried with cam anies a roved b Lender. '�'t;�e insurance E%••• .
<br /> ��`��� _.: • .,,,rolicies and any renew:�;�shall be he2d by l.ender anc�shall include loss payable ciauses in favor of. �.sn a form '`?;t�`°s-�<'�� �
<br /> � '•"� �• • • acceptable to,Lender. :`#�?;���:':. �. .
<br /> :� ��- ����
<br /> ' '";�,�����`�'� � In ibe event of 1os.g,Boaowet shall give L.eadc�'nz:mectiate notice by mail. Lender may malce proof of toss if not � , •'�,;�,�'���;�,�
<br /> �
<br /> _.F:^���� ,, ' . ,. made promptly hy Borcower. Each irt�.s�sse ca�aa�:sancemed is hereby authoriud and directec3 ra make payment for .. .. —_
<br /> � such loss directly to Lender.instead af ta Homnwer��,t�a Lcmder jointly. All or any part of the insur.�sce�ra.cceds may be . _
<br /> � � � .�p lied by L.ender.at its option,either fa)ta the redn,ai�-rR o f t he indebtedness under the Note and this 5ecuritg tr�srumen� ' � -`�=
<br /> - . �iist to any del�nquent amaunts applied"m the or�er 6'r 3'"aragtaph 3.and then to prepayment of prirtcipal:aa i�r)to the • �: : .-��---..
<br /> � ' � � • �� '�, te�totra�ion ar repair of the damaged property. Any z��.c::ion af the praceeds ta tfie pnncipal shall not exreadu-cpostpone :•��.�°
<br /> � .,,
<br /> •�� s}���e d:�t�of the monthl ayments which aze refer.e.t tfl in Ph..r�;�*sapb 2,or change the amoum of such���.�ts. Any `�'�
<br /> �.,.',y� ; YV ,, ` ^s;t`-';_..
<br /> .;�,::'':�', ,� .. , eseesa��ce proceeda uver an amount required to pay a:b caty7andmg indebtedness under the Note and��"is Security , :
<br /> ,;;,.• - . Insmrmenc shall be paid tq the entity legally enlitled the:� -. • '� �_�
<br /> ,;�, ,;
<br /> '=`� ' .i�'..' � In the event of far�+�sure os this Securiry Insmu��-a or ou:er transter of title ta the Property th�eT�in�°�ishes the .:�,,,<<, ., � ;��"�
<br /> �• . :F�°:�; indebtedness.al!dgh�..���:bnd interest of Banower m an�i�co insurance policies in f�}�ce tihall pas�tu the��:� ,���;^.t�: '�:�,.�.
<br /> .T�. ;�,. .. s..- -.:
<br /> S, Occupancy, p�servallon, Maintenance aa� Protection ot the PtugerQy: Borroaer's 1�► �.�ticatlon; �r�
<br /> �� l.�seholds. Bo�rower ghAU cecupy.cstablish.and use the Praperty ag Borrower:s pr��cipa! �tr�:�:c�wit,�:in s�xty days •,�!`'` :•, � '��'"�-
<br /> e T-�--
<br /> after the execution oi thi4 Security Instrament and shalt continue tn accupy the Property as Barr�:��:s princip-al cesidence � =�.
<br /> � ' ' �,,•��:� . for at leas�one year after the date of occupanry.unless the Secretary determinec this reyuiremen�H�:l cause undue hazdship •, � ..
<br /> • .i��t-:-_ � for Borrower,or untess extenua�ing circumstances exist which are beyond Borrower�ramrol. Bonower shall notify
<br /> .-'� {r,: . 1,enders of any eatenuatiag circumstances. parrower shall not carttmit wacte ur de�troy.damage ar substa;��z3ly change •.
<br /> • . �� ;t�?� ,�.: ' ::,; the Property or allow thc Property to deteriorate.rcasonablc wcat and tear oxcepte�l. Lendcr may mspect the Pi-��z�ty if�hv
<br /> • •• �`•: '' Property is vacant or abandoned or the loan i�in cicfault. Lender may take reasonuble actinn ta protect and�src::ccve such .
<br /> • ' ., �t`1;�':`; vacant as aG�doned I'roperty. Bortowcr ShAll alsn bc in default if 8onnwcr.during the loan zpplicatian�r�y.ga���
<br />� • �''����� � materiali} t�tse or inaccurate �nformatian ur st�temenxr tn l.end�r (or iailcd ta provide Lendct with r�►^> r�.tenal � •
<br /> " .,��,`'�� informatiar�)in connection with the I��an evidenced by the Nose,inc3uding. 6ut nrn limited to,r�;esentation� c+�c,�emirg
<br /> • ' Borrower is occupancy of th:Prope�ty as a principal r�i�ience. If�his Security Inssrumcnt iti on a�fea�ehald.Bccm:�er shati �:;::..
<br /> ' '" • , wmply withthe provisi�ns of ihe lease. If Bormweraw�ires fce Iitle tc�Ihe Property,thc leaseho:d and fce ti�ie yhaU rtot E�'� •
<br /> ;•:,� �
<br /> � be merged untes4 Lenderagrees ta thr merger ln writin�r. ' �
<br /> � ' � . . , 6. Cte�rge.v to Borrower and Prntectlae�at'Lez�er's Rights in the Praperty. 8orrvwer�hall pay ait gnvrrnmentai � �
<br /> -;, ' - or municipal chatgcw.fines and imposiEians ihat�re r,ot inctude�i in�'atagraph 2. Bnrruwer shall pay these obii�atinn!:on ? . „
<br /> � h,:�: ., � ' time diteCtly to the entiry which iv owcd ti�e payment_ li failurc to pay w��uW�dvcnely affect l.ender's• interest in thc� i . . �
<br /> • Property.upnn Lcnder c request Borrowcr shall prompt[p 1'umish tn Lendcr rcccipt�cvidcncing thcsc p�eymems. �
<br /> ' � lf Harrower fails to make these payments ar the paymentc n:yuircd by Pnr�graph 2,ar failv to perforsn any othrr �
<br /> covenants and a�reements confained in t�is Sccurity Imerumen�.�r there io u legal proreeding that may s�gnificssntly�ifece �
<br /> ,'.... lxnder's rights m the Properry(snch as a prcxeeding in b�nkruptcy.fi�r candcmnatiun or to rnforCe iaa•�or regutauonsl.
<br /> then Lender may do and pay whatever is necessary tu pmtect the value of the Pu�perty:u�d t,endcr's rir.ht�in the Prdperty. �'
<br /> - � - - inctuding payment of taxcs.har.ud insurancr:md other items menlioncd in i:ir.igr�ph�. = �
<br /> ' . Any amoants disbursed by Lender under thiv i:vagraph shall becumc an additiiinal dcbt af�urrower and t�e sccured .
<br /> , � by this 5ectuiry InsWment. 'fhese�unuunis shalt bear intetc�t frmn the date nf dishuracmcnt.a11he tiate rate.and at thr i
<br /> • • option of Lender.shal)be immediatcly due and payable. ± . � . �
<br /> _ _ ,__ _ � .... : .__ _ 7. Candrmeatbn. 1'he prcxee�ts�of:u�y aw.vd or rlaim fur d:unages,direct or consrqurn�ial.in cunnecuon with any -
<br /> --- -'- - _ - condemnatiun ot otner taking of any pari oi the i'rupcny.ur Cor con..�,y-ancc in pE:�ic vE'conetemn:,ci:m,�trn c�rel_+y:+ti�.�nE+e! � - -_- -
<br /> � and shali be paid ta lxnder to the eatent oP the fu11 nmount uf the indebtedne��ihut rcm�in�unqaid uniter thc N�te�ui�thiti ; •
<br /> -_---- ---�—�-�:�-----u Security�stntment. l.euicr ctwll upp{p sueh praceeds to the re�uctiun nf�hc:inetebtedness under the N��te:uid this 5ccurily ., . .-.--- - `:
<br /> insm►ment,flrse to any delinyu¢nt amuums applied in thc urder provided in Par�gn�+h 3. and fhen t��prepaymcnt of .
<br />. � ' . . � prinrlpal. A»y applir�tian uf the praceeds to the prinrip:il shall nu=excend ar p���tafne thc duc datc df�hr monthlp ,
<br /> , �
<br /> �t'ufir2�f d�w�rsi .
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