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<br /> �1 ' . ���� iV���fi7 -
<br /> - !. �seae d hireipv.Lteeti�t a�W�oe Ctv� Ba�mwa shaU P�Y.whu due thc priACtp�l of.a���.
<br /> - tbe d�6e ev�denoed bY theNate aad laue cl�dae wtdeti tt�NqtG ° =
<br /> 2, Mo�iTy{�,p�qrfs at 73�[es.Ls�te aad t�iet C�e�► $a�sbt11 inclnde iQ eacb moothlY p�ynxnt.
<br /> � � ���P�!PV aad inoeRSt�set fart�in thG Nate aodaay tate sdarges.�n ins�ilmeat�f�sy(s)taxes and
<br /> - _ apeclai�lsses�Eevted ur ta 6e tevied agait�u t�e P�+epaty.(b}kssehoW paymmts or giomri�ents oo the Prope.ry.�d
<br /> - (c)premiums fa ins�uance ro4ui�ed by Par�aph 4.
<br /> Each mmthty installmenc for items ta�tb3�(�)sh�i equai ane-twetft�of U�e aanual amouots.rs.trason�6IY
<br /> e�d py I.endet� P1us aa amount suf�tcieat ta�tai�aa additional 6alanae of not mose than�asi�h of!be
<br /> - = astimated amoWnts. '�e fiil!acu�aal amo�at for e�eh item shal!he a�mlaoe�by Lsader wit1�a peeiod eoding aoe ---
<br /> -�� maalh befoee an iian woWd bscome delir�que,aG l.ender sirall t�d the amounts collate�in t�se ta pry items(a).(b)aed
<br /> `" (c}bet'are they bccane deliuqtknt
<br />�:_t ' 1f at any dme the total of the paymsnts held by 1.ender for itetns(a)(�y and(c),toged�er vvith the firtare m�oathly
<br /> _- . � PaYments for such items payabte tn I.eader prior to the due datGS of such items.exce�s hy srwre than one-siath the
<br /> ��� ` esaauusd anwt�at of psymatits zequued topay suc6 ite�ns whe�►duG and if paymidats ou t�e Nae are cerem,tLen L�der
<br />'`:. `� � shalt eithet fefiuid tLe exsess avu one-sixth of dse estimatod payrticnts or cc�edit t6e exsxss aver ona-sixtA�uf t�e esumatsd
<br /> paymeuts to subsequa�t payivaus by Baaawer,at t6e option of Bo�ower. If the total of the payments made by Barawef
<br /> for.item(a}.(b).ar(c}is msufficient to pay dx item when due,tLea BcxmwersAall pay to Letxkr any�no�nt Aocessarl►m
<br /> maice uP�ckficiencY on or before tbe date the item becomes due.
<br /> As.�spr�in this Secu�itY IgS�nt,"Se��'me�s t6e Soeietary of Noasing and Uri�t Davetaprnent or 6is or bet � -
<br /> - daig�. Ite imY Yeu in wt�t t�tLettder must gay a mortgage insurdnce preminm to the SecraarY,each manthtY Pzyment
<br /> ' ' �. st�!{ also inctude either: i�l an installment of the anaual mortgags insurance Pr+emiom tu be paid by I.soder Lo tha
<br /> . ' ` '� Sectetasy,or.(ii)a mand�IY chzr8e instead of a mortgage insurance premimn if t6is Secunty Instnuncut�s f�Td by the, _
<br /> � � ��Y. ��Y��t of t�tnottga8�au�uance p�um sdall be in aa amount suift'icient w accumulate the. _—
<br /> full annual,msxt��pRmiuus�vitb I.�nder one montb prios m she daze the fiill annual aw�tgage ins�uauce --
<br />' • p�emium is dt�tQ che 5e�ry:os ff tTus Security insmunent is held b�r the Secretary,each maa►thly charge sLa}t 6e in an - --
<br /> amamt equal m oae-twetf�oEonod�aif pcnca�t af the outstanding princ�pal balance duean the N�e. _ --
<br /> •�+ � If Bottower undets to�nder the fpU PaYment af�I sums secund by this Se�acity InsuuaKnb Bornuwer'�accourrt =—
<br /> ; - shalt l�e ccedined cvith t�•6r�Iat�ce*�+a,.=^.�fos all mstaiImatts for iums(a), (b)and(c)and�y mortgage iasuance _�
<br /> � � : pcemium iasta[tment tl�at ixader has aot bea�me o6GgaYed w pay to the Sa�etary,and Lxnder s4�i1 promP�Y���Y -----=:-
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<br /> ,- . - eacess funds tra Sorrower. lmmediately�r to a forectosun sale of the Praperty or its acquisitiaa t�y T.ender.Somower's �-
<br /> account shaIi Qre cnedited with any bals�ce�naining for aft in.�talIm�ts.for items(a).@)and(c)� �,��a
<br /> ` ' .. 3 Appiication of Pa��ats. AFi paYments under Faragraphs t:�2�all be applied by LecdPi•as folJaws: _ . ,R,.�,,,,.,�•
<br /> ' - Fj$C,�,to the mortgage cr�uance pnemiwn to be paid lry Lend:�co the Sesretacy oz to the as�ly charge[ry the
<br /> �-,� . Seccet�6�s�ead of tI��vn►hIg mortgage insu�aace p�mtum: ;-�''
<br /> ,%' �� �'"" �s an t�uces;-special assessments,teasehotd paymentc or gzo�md ren�.���Ba�and other hazard '���-�-.T-._-- —
<br /> ,� '`�Y,�,_ �� Y � � , -
<br /> ...,' _ , iJ15W3IIQ:��iT�I1IIUtti4,. �q :�;�r�r';�`.
<br /> �J$# Q���atens��.�dertheNu*� -�
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<br /> , , �to auwct�i.�^n of the principal of the Nc�t� ..,�-__
<br /> ����' � �,to late charges d�e ander the Note. �;
<br /> "-�°'.�: �'. • 4, Flr�Fiood aad Ot6er Ha�td laSnru�ce. Horrawer shall ir�sure a0 iir.gru«snenu on the Ptoperty,cst�+rxaow i; ;::���.�-,�,-;
<br /> . �.-::';_.: . ���_-.
<br /> . ., •.:, in existence or subsequentty erc,c�ed.against any hazards.casuaIties.and conriager:-a�.includiag flre.for wh"scFe i.ender ,.n�
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<br /> . .:,:��. ..�, .. iequires insurance. This insurance shatl fs�mainta�ned in the amaanrs cuT.d for the penods that I.eoder requires. �orrower �.----w"� T'
<br /> � �. " , shall also Insure all imgcovcmenis on the Pr�perty.whether ttow in eu�or subsequently erectec[..agatnst loss by ftuods . `' - ' j�
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<br /> ���';�: � ;•; � _ . '?' � to the extent requireei by the Secretary. ali�insusance shall be carried��iifz eompani�s ap�mvcci tr�r Lendes. The insutance . . "uf Rn>:_;:
<br /> .. � � • policies and any renewals�shall be hetd(ry Le�nder and shalt include��ss payabic c'auses in favor of. and in a form _ . .. . � � ---
<br /> `.�y�:- . . acceptabtata txnder. A
<br /> � In tha.event of loss.Borrower shall give Lender immediate noticw.b;c^�a�. Le�der may make ptaof of toss if not ''��'=
<br /> �'�'�• - �•-�� . , made tI b Aoaower. Each insurance com an cancemed is hemb authorized and directed ta make payment for � �5�-
<br /> :';;'.',• P�P Y Y P Y Y � � ` .;�_` "
<br /> � � sueh loss dtrect�l .to Lender,inste�d af co Botrower�d to Lender jointty. Ail or any part of the insuranee proceeds may be � � �...�_,
<br /> : , re y
<br /> . applied by l.endtr.at its oprian.eitt�er(a>ta the reduction of the indebtednesv under the Note and this Setunry Instrument, . . '`.=
<br /> first to any delinqusmt amounts.applieA ia the arder in Paragraph 3.and then to prepayment of principal,or(b)to the , {`�=.
<br /> �" restorauon or air of tfle dam ed pro rt . An a lication o f t he oce e ds to t he rinci a l s h a l l no t e x t e n d o r s ne '" ';�-,
<br /> ' � ' the due date o�he monthly payments which are efepmp d to in Paragraph 2.or change the arnaunt of such paymen�ts.Any ', •;
<br /> �'�:�; •� " excess insurance proceeds over an amount required to pay all ouistanding indebtedness under the Note and ihis 5ecurity ,
<br /> •`�."' " w:' ' '''•''r. � Inmument shall be paid to the entiry le�ally�eatitled thereto. • .,
<br /> :�;,., . :. .. ,.,•
<br /> �,•�� ' , ���; In ihe cvent of fvreclosure of ihis�r�rity lnsttument or other tr,.nsfer af titte to the PiroFe�ty that extinguishes the . ;::�
<br /> : :. •, �`,:' � ;ndebtedness,all righ�HQe and inte�est�f L'3rrower in and to insura.R�qvlicies in farce.rhall pass ta the purchaser. , . .
<br /> � . «�`... ' . 5. dccupancy, Preseraation, :��aintenance and Protectlon �if the Praperty; Borrower's Loan Application; � � .
<br /> . . •; :; r. . , 1.tASe6ofds. Borrower shall oec�py,es:ablish. and use the PropeAy a+ Sorrower�principal reaidence within siaty days :'• .� ::
<br /> � •'•�"° after the executian af this Secrlmy�rstr�ent and shall continae tc�a:�.�y,the�re�e�ty as Borrower w principal residence
<br /> �2'`� � '�+4" for at teast one year after the�::e af °�.acy.unless the 5ecretar}•�f�'�mes th:.r•reqwrement wilt cause undue hardship . �
<br /> . r,
<br /> ,'. -�'''°°� ' '•`;� -•-•�+' � " �-^is s exist which ure Ue ond Borrawcrs cantrol. Botrawer shall notify �' '
<br /> �,!;.,;�.'. � :,.,'.,- :;,`:;%,� for Horrower. ar unless e�e�.,._..�7 cma.... tance y
<br /> • ~ ,sr� • Lxnders of arry extenu�tin�airesms:zr�: i3orrawer shal!not cammit wastc ar�.irny.clamage or substantially change �. ;,.-
<br /> ' ��•����:� . • che Property or allow�he Ptvy�:2y to det2r.ara'e,ru�anahie wear and tear excepted, i.ender may mspect the Prapzaty if the �:�;`:;� • • . ..
<br /> ': . . .� • Property is vacant ar abaactcaed or�he taa.n:a i11 dCf3LLI1. Lendrr may takc rea�onable action to protect and p�vnL such : , .
<br /> �• � vacant ar abandnned Property. Borrower��,:11 zlso bc in dcfault if Borrawer,during thv la�n applicalian prcr�ess.gave �
<br /> ',t � ' • materially false or inaccumte infam�ati��n nr titatemcnts to Lendcr I�r failcd to provide I,ender with any matenat ; •
<br /> • infoanauon)�n connection witb the toan e�.idertccd by the Ne�te, induding.but nat IimucJ ia.rcpresentations conceming
<br /> : '. � 1 Botrowet�nccuyancy of the Propeny as a principal rctidencc. If this Secunty Insirument is an a leysehold.Horrawer shali � ;
<br /> • • camply wilh ihe provision9 of t2:e te�e. li'gorrUwcr s�cyuire�fee�itle to tho Praperty.thr Ie�sehnld and fee title chalf rwt •
<br /> •� � be merged unfess Leader agn�co the merger in writing.
<br /> ' 6. Charges to Bormc�er zad[►cotectlun uf Lender y Itlg,ht4 in the Pr�opErf�: Barrvwcr.hall pay:ill governmentat - .�
<br /> � `.��'�, ° ' - or municlpal charscs.fines z:�d i:npasitions that�re not inciuded in I'�r.�gr.�ph?. Bonuwer shall pay these obl�gations on , ,
<br /> � � ��' ;:;�:; time directty t9 the entiry whirh is aw•eri�:�c p:�ymen�. If failure to pr�y woutd advcr�cly affcc� L.cndcr's interes� in �l:e :
<br /> �• � - .,..;,,';�,'� ': property.upon Lender's request B�rtower xhall pramptly fumish tn Lrndc-r receipts evidencing�hese payments. .
<br /> . ;����,;��.; . !f Boac•xer fails�o ii:ake these payments ot tre�ayments reyuired hy P:uagraph 2.ur fails tu perfotm :sty�niher ,
<br /> _ ' Cavenants and agrcertter.ts contained in this 5ecurity lntrnment.nr there iv a legal pr�xeeding 1ha1 may si�n►fcs�ntt�uifect
<br /> Lender's rights�n the Property(such a5 a pruceedin�in bankruptcy.t'nr cundemnatinn or to enforce tatvs n�t��:fauons).
<br /> " then L.endcr may do�nd pay whatever is necess:uy tn pratect thc valuc��f thc Praperty:m0 L.ertdcr's rightv in the Ptoperty.
<br /> _ _ _ . _. .. including p�yment oi tazew.ha�ard insurance:uid uther items menuoned in Paragraph 2. ,
<br /> . .. Any amounts disbursed by Lcndcr under this Para�ruph�h�ll becume nn additional debt uf Borrower and he secured
<br /> � � .. by this 5ecurity Insttument. These amounu shall be:v�ntrrest from the date uf disbunement.�U thr Nntc ratr.:vtd ae the _. ,
<br /> ' aptian of Lender.sh�ill be immediately due and payablr. .
<br /> 7. �artdemnytian. The prexeeeis of an�r aw:vd or ctaim fnr damages,d'uect nr consequenNal.in c�nnection with:u�y
<br /> -- -- -� _-.::.-- __ - - � COttdet!�.tl3titoi!df c�thert?kin�of?ny j+�tt nf Ine_Prvprriy.�y.f�s ic��zc:-a;n�is sslsre a,f ex�n:l::nsrste::�.:ue l�r:by as.tii�r!?�! • ,
<br /> � and shall be paid to Lender to the extent af the full atnount of thc indebtednes�ih�t rem:tin�unpaid undcr the Notc and this ,
<br /> � • Security]nstrument. Lender sh:ill:ipply.such pwreeds tn the reducdon af thc in�febtedness un�ier the Note and this Serurity
<br /> " -�--..—.'--- _ i. �ihCA t�s 'tsirts!c,�
<br /> ..__. .. �-•-•_--._�--- t�tsm�meat. fitct to any delurqaem�nmmts appiisfr in tltc vr�trr�auvid� i� Pasa�:a�. i�€�y �
<br /> . -- . .. . .._.. . ..
<br /> , ., ' principal. Any ayplicatian uf the prviceed�tn the princ�pal shall nnt extrnd �+r postpune the due�date of the mnnthly
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