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<br /> _ : I. F,xae.r at Fe�i,r.oerot aaa l.aec C�����P!Y���vr+�of,aoa�areoest on.
<br /> � — tha debt evidn�ad bY the Nae and tate chug�d�e urider t�e Notz.` �
<br /> � 2. Maetliy P!Jatats ot'iIu[e�.�ao�asd Ot6ee Clurles Bot�nwa sb�l!iaclude ia e,�it manthlY PiY��
<br /> � tog�her wi8t t�G pnncipei and intttest as set fortb in tbe Nate aM aay tue ehuges.an instaltmpnt of any(a)taxes�nd
<br /> _ speci�i a�eau tevisd or w be Icvied against tde Prope:ty.(b)k�sehold�ymet�Qr grotmd rents on ibe Ptapetty.�d
<br /> - (c)Ptemiums fav inSUtaace se4u�hY P�a3�Ph a• an-swe[fth of the aanoal ainau�us.zs�Y�
<br /> F�ch monthly.u4stallmeat for tte�s(a),(b)and($)st�11 cqaat .
<br /> ---_= esamaud 6y irnder, plus.an amount snfFcient to mainnin anr eddirioa�bai�ce af ane marc thau ane-sixtb of t�e
<br /> ' estimued amamts. 'ibe fult aaaual amatu�t for[.ead�er s�h�#1 h�o2d thc.a�muvorts wbltected in uus�t t�o pay i�tans(a)�and
<br /> moath before an itan woutd baame detin9uent-
<br /> '. (e)befae they bei�ne.deimquent
<br />;.. :I" if at a�r time the tatal abLe to�Pnar m�daus af such item4,�COSCeeds bg maie tl�n ooe-sixth the
<br /> ,_. paymmts far sach ite�ns pa}'
<br /> �au�ou�t of paya�eats Requicad to pay such itans wbtn dne.�ifc��ymaus ua t�e Note��umn�tt�ea Leqder
<br />. sdall eitba nefimd tha excess wer aac-sixth of the est�ated PaYments ar Gt the exoess over oeio�sistb of the estimated
<br /> �y to subse4ueat P,aYments tiY Bo�v�rer,at tIsc option of Borrower. If the ootal of t6e paymaus made 6y Baaawer
<br /> r6
<br /> - - =: for'm�m ta),tb).Qr{c)is ussuf�icceat w Qay tt�e iiem when du�thea Borrower sha11 gay to l.eader aay amaunt nec�pl�
<br /> - - maica ap dje deficieixy on ar before tbe date the ite�b�a�s due. of Housing and Ur6an D�evel t or 6is os he�
<br /> _�' As ustd in this Secarit�L�swmen�"Sec�emrs+"meaas tLe Se�tE.uY �m►to the Secretary,�monthlY PaY�
<br /> desi�sOe.Ia a�r Year u+wluch tbe i.ender mnst pay a atoa�age�ce piemi am to be d b Lender to tbe
<br /> �° s1�aU atso include e�ther: (i)an installment of the annual mortgage ins�e premi Paz Y _
<br /> ` u�, �f this Secvrity Instrument ts hetd by the
<br /> 1.�,:_ Soceetary,or(ii)a monthiy charge uutead of a mottgage ituuranoe�cemium�,
<br /> � Scc�etary. Fach monthlY instal[ment of tbe mortgage uuutance pianurm sh�lt 6e m an amount sufficient w acc�unnfau tl�e —
<br /> ���''� fulf azmwl mortgage insu�ce premium arith Lender one manth priot to,the date the fuli annual mort�a�ge insurance ___
<br /> piemiomn is due to the Secn.�sY:or if thts Security Ias�nmeut is ixId by the Sectet�ry cach moat3s�y chaFBe�be in an --
<br /> � �aurt alual to one-twelf�qf ane-fiatf pe�cnt of the cL...-�tattdin8 P��Pa16alanc��cm the I�e��.-.� • _ ---
<br /> �, If Bariower tendets co Lender the ful!payment<�a�i stm�s secuted by this S�.-�-iiy Tns��Bmrower s account --- - -
<br /> � 'f�'�`:"_ s 6 a 1 1 b e c�e d i t e d w i t h t h e b a l an c e r e m�.'�f o r a l}i z�s r a f t me nts for items(a),(b)and(c) and�=.-"�n►ortSaSe insurance -- --�=---
<br /> � ,�tt��. � premium ins�rent that i.ender has Qc�.uav�me oblig3ted to pay to the Secnetary,and Lender�promptiy refund any _.:-
<br /> .n,�:i �.7�c.�-_____
<br /> . �•�;:�� eacess fuad:si�.L4aitnwer. ImmediateI��e�-to a for .e�.�.-'oss}re sale o€';he Praperty or its acquisition 6y l.ettder.$otrower's ��t��€rc•,
<br /> �"` account sha11 be credited with any batan�e.�'�.�maining f.��°}instalJmen�s far items(a).fb)and(c). f ,���-�.
<br /> • ��'`�` � 3 A tion af P!� nts. Rl[-�a��menu under�°a hs 1 and 2 shall be a lied b l.ender as follows: `l;
<br /> • pp� yme r _ �'aP PP Y ,..t���-�.: ° _
<br /> ;�•• s: � �=;.T':.;':,:� ��t; ��,ta the raortgage insuraace���un to bc paid by Lender to the Secretary or to the monthly charge iss,the � �•'�';�_
<br /> �i:� 'G...� .l�,f ..c��
<br /> �<����'� �` �� � Secnetary instead of the�rtonthly me��Se insarance premium: � `. . , °�*j•••-
<br /> . �` '�:. . .;`•`1� d tetl and fire.fto:ei:and other hazard • • ,� �-'�f°°'�-
<br /> �, � • .''; .�,��;�,,��::q L3,w an}+taxes,special assessments,leasehoid payments cu ua ts. . . ._ --��_-,
<br /> &� ��cy,,, .
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<br /> � �Y ��f 4'Si�•i jllSUCd11C��IpipIU1IlS•3S ICyUIIC(�: �
<br /> ' �;t'.;`�,�; �;'`� �p,to mterest dcti under the Note: • ' ' '•` + � . —
<br /> ,`: _ ��r' gQ�,to amorr.�tcpu of the principa!of the�, • '��� _E;,�,
<br /> • .:��•`.`-�� , � �,,w 1ate chasges�tue under the N4te. ,' ' . . •'4,. .;-:#..
<br /> •� �.••. •. , � � x y•nfi' .�--�
<br /> .,'?;.',;;!�: 4. Fire,Flood and Uther Hazard l�a�usant� B'issrower sha��.�s�se all i,�v�:nenis�:��t:Property�whether now ; .
<br /> � , i: .��_.�.;.. °• ,' ",`,.
<br /> � ':�.;':"•,:..;,;;p'! in existence or�s.ubfiequently erected.�g�ii'�sY any hazards.casualG�c.�.rr�.contingene�es.inctJF�:„-a:fue.for which L.eader . � �``: ,_.;. �,'.,:�E�
<br /> U:,,,�:,. � � requires insuran��, Thls insurance shalE f�maintamed�n the amoan���for the periods tHat,�der requices. Borrower ; , . . ::f i_. '�-�
<br /> i; `�:;;�`,.�,• `�_` sha11 also insute.all imp�pvements on the Property.whether naw in exi�:r.ce or subsequently em.czed.against loss 6y ftaods . ' f�•t ;�
<br /> ' �';� '�4;a'�`� . . to the extent requi�ed by the:Seccetary. AA insurance shall be carried aith compames a ed by l.ender. The insurance : � �,��
<br /> � f i..:i:
<br /> , ,• .: �,:,`�. .;, policies and,amr„renewals shal! be held by I.ender and shall inelude tass payable c auses in favor of. and in a form ,.-;. ,
<br /> : :,,.� • acceptable to.IxndGt: . � _ ,���
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<br /> ' "•� � '�� '' ' In the.e�ene of,lass.Borrower shall give Lender immediate nc+r:�ce by mail. Lender may make proof of loss if no! . , ;,f -�
<br />� `��'�:`:;3; �T� made prompily.5y B4rrawer. Each insnrance cumpany concemed is hereby authorized and directed to make payment for, . ._`�-.
<br /> :,;�t'' ;'<<; ,� �� ' s u c h l o s s d i r e c t ly t o L,e n d e 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 er jointl y. All or an y part of the insurance proceeds may be � 4 Ji e
<br /> a;._.__
<br /> � .. ,� F�-;� •�� ,°' applied by I.ender.at its cspe"s�n.either(a)to the reduction of the indebtedness under the Note and this Secunty�,µ�.-ument. ' _,__ -
<br /> . ,' ��t'� • • � first w any deUnquent ar.z�r.^ts applied i�the order in Puragraph 3.and then ta prepaymem of principal,c���i; to the •� : �%�;�---
<br /> • •�• restoration or;epa�r of the car.taged properiy. Any app lication o f t he proc e e d s t o t h e p ri n c�p a l s h a l l n o t e x t e n�.�^c;q s t p one '.
<br /> i;�:�.;� '::''"� ;,��j:�� the due date of the montitiy{sayr.sar.�s u:�;�,b are referrcd to in Paragr.sph 2,or change the amount of xuch paym�nts. Any. , : ;:. , .'
<br /> , ��. . .. ���;�gp��P��g�,,„�,�w-z�«c uired to a all auGcwadin mdebtedness uader the Note and this Securi�• '`>:'<, �.
<br /> �,:�:: .. . Instrument shall be paid to�L:r e:�:^y:Wgaf3y entitled therPeto � E . • ���`��;^�
<br /> •�,�'�; : ln the event af forec[asaz=of th�s Security Instrument or other transfer of titte to the Praperty that eatinguishes the , ,. . , .
<br /> azP
<br /> "�;�};��':. � indebtedness.all right,title and interest of Hoaower in and to insuranee policies in force shall pass to the purchaser. � ,
<br /> ';�' " � 5. Qccupancy, Preservation, Maintenance and Protection of the Property: Borrower's Loan Application; � ,. .
<br /> , :�,,;:• ; '-'�� . Leaseholds. Borrower shall occupy.establish,and use the Properiy aw Borrower's pnncipal tewidence within sixly days . �
<br /> ,.;,;�i. :. • a fter t he execu tion o f t hi s S e c u ri t y l n s t r u m e n t n n d s h a l l c o a t i n u e t a o c c u p y,the Pro p ert y as Boaawer's principal residence
<br /> ' � . for at least one year after the date af accupancy,unless the 5ecret:uy�aetemunes�his requ�rement will cause undue hardship { : . , ,
<br /> •.` `� for Horrower. or unlexs extenuating circumswnce�exist which are bcyond Burrower's coasroi. Borrower shalt no8fy �.-•.��• .
<br /> ,,�:.,.,� , ��'•::•,.
<br /> � ;.tt`;� � t.enders of any extenuating circumstanres. Borrawer�hall not commit waste or destray.damage or substantiM.ly change .
<br /> ' ''�°:t•� ' the Property or allow the Roperty to dcterinrate.rcasor.abte wear and tcar excepted. l.endcr may inspect ihe Yraperty if the ���,�'`� ,
<br /> , ;.' � . Property is vacant or abandoned or�he luan iv in default. Lcndcr may�ake reasonablc action ta pr�tcct:u�d preserve such c
<br /> • • ' vasant or abaa�nned Property. Banower shaA alsa be in ctcfauic if Harrowcr,during�he loa�c�pplication pracess�.gave i
<br /> materially fa�� or inaccu�ate infom!ati�� or titatemcnts tu Lcnder Inr failcd to provide �..ender with any matenat ( •
<br /> •;',;;;�,. ' . infotmation)ia connectioa with the laa..evidenced by".he Nnte.incJudin�, but not limurd to,representations conceming .
<br /> Bottowei�occupancy of�he F'roperiy as�principal re�:�•:.^.cc. If thi�Se�urpy lnstrumen!is un a tcaschold.Borrower shall ;,.•:,
<br /> F'
<br /> ?�;,`;;-,. � � camply vrith,tt:c p:avis�o:�s�S the leuce. If Borrower acc;Esire�fec titte to thc pn�perty.�he teasehold and fce titte xh:ill nnt
<br /> , be merged un!�•ss I.ende►agrecs to the r.�er�er in writir.o. '���:�
<br /> � 6. Chsa�es���Bolrawes and Pra3ectiun of Lender's Ri�his ua�ttee Property. Hnrrnwcr�t�all pay all govemmcntat (
<br /> `•;..''� � or municipai cfi�arges.fines and irnpe+sitions that are nof includcd ic �'asa�ruph 2. Norr�wer shatt pay Iheae obLgaticros�n �
<br /> ';::'���:�•;�;' ': time directly ta the entity�which i4 c�u•ed thc p�yr.�cn�. li failure to pay wnuld advcrscly Ft�3r l.cndery lnteresl in ihe t
<br /> � '";� `��,'� ` � Ptoperty.upon Lender's c�,:ie�.t Borrower tihall prom�:Ty fumish to Lender receipis evidencmD t::ese paymects.
<br /> • 2�;;�.,,.; � . ':
<br /> ��,�;:,,;;;' lf Haaawer fai;s e�:t3Jke these payments ar the paymentt required by Paragr�ph 2.vr f.tily to perf��any ather
<br /> . .,� ' ' covenants vtd agreemenss cantainec�i.�e z�:is Sccurity instrument,nr there is a Iega!proceedir.g t;�at may s��-::ci�a.�tly uffect �
<br /> ;�.. .. ... •:,,.,: .
<br /> .,.�;i , ' .� Lender's rights m the Prirperty(such as a proceeding in bankruptey.for condemnatcon ve tc�e�.��rre laws ar regulativask �
<br /> � . , �..� .. . -_ then Lender may dn und pay wha:e����neces�:uy to prateci the v:ilue nf the Propeny and tx:�:�::'s righis in thc Prope;c�, . -
<br /> � '�•�'!�';�;� , •. including payment of iaxes,h::zard i:s�:,ra.�ce:u�d.uther�tcros mtn�i�ned in Paragraph�.
<br /> � ;,�4t'`,;::•,`� ' Any��mounts dishG'::c���y i.en9er nnde�thiu�aragraph tiha�l hcmme:m adc:.'ti�nal de��:�'�otrawer r::�.��e sec:.:e.'
<br /> • °>�:��'`� by this 5ecurity lnstnc���~- `F:�:se�r.rounts shall hcar interest fmm Ihe date uf disburser.:e:�t.<:thc Nc�tc:s:�.�:d at c'.0
<br /> Y�;.i4 r. ,
<br /> . , opdnn of Lender.sha11�se i.�.�e�::�::�'dUe and payabte.
<br /> . � `' :'. . 7. Caademnntio�.'�:e�cc��r,s�f any award or cl�im fcx dama es,direct or ronscca:at4;:.�.in cannection w ich�s.�
<br /> -� - ccmdemnatiod ar athcr#�a�vf a.�y�:.st ot'th�Pr�perly.nr fvr canvey�nce i»pl:tce nf eari�I::^�tian.are heteby atisirr.:.."� __ . _ _
<br /> -___ -_ - �--:.-:-----� - - and shall f�paid to Lcn��io t'�.°,extent af the fu11 amount uf the irtdebtedness that remaibs v���id uader tt►e�atc and L�:s _ _
<br /> � � � � Security Insuument. Leniter sha11 upply such proceeds tn the reduct�de ot`the indebtedness under the t�ate:ma i.:i�5c-�titliy •-- --- -� - � -
<br /> ' - Insmnment.flrst to any delinquent :unounts applied ln thc order provided in 1'�.uagraph 3. :u�d thrn tn prepaymem of
<br /> • . principal. Any applicntton of the proeecds to tPte principal shall nu! extend ur pustpone the due date of ttte monthly .
<br /> . . � (r�Ae 2„f4 puRes► � � �
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