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<br /> =-- - _- - - . � 91�-10C92�
<br /> '� � i. gJoeot d�rie¢Ip�l,Waest and Wtr Char6a Botmsr�er shall pay w�n due d��1 of.and iaterest on. . .
<br /> -- tbc de�t e�kknoed D3►ttie Note and lace ct�ges d�nudert�N�te. ` ' -. --
<br /> 2. Mo�iy ps�meab e4'L�eS�,I�..•�.Y•gxt Ot�er CAvaes. Borrowa shall inelude in eacR manthlY PaY�� --
<br /> _=���"� �witb tIk�and intemst as set fortb in the Nate and aa tue aa iastaltment of any(a)axes msd "-_-
<br /> .- ;� F, Y ch�SB�s. ��.�__��
<br /> � _ _ �'' s�i�f aaG;smen�s�d ar to be tevied ag,ainst the PtapatY.(b�leasehol¢PaYmsnts ar gmund rents on tbe Ptopaiy.s�d. �- x�{�--q,�=�
<br /> =;�� (e)Preatiu�sforin�e�todD'yP.uaBraPh4• . ,,'^�� - —
<br /> �� ... �mon3Lly iactallm�ctt far iums(a).(b)and(c)ghall equal one-�of the aaaual amounts.as re�b19 "�
<br /> �,�'r: .r-_...�—
<br /> �•" e�ma�d Dy Lea3ar,phzs an amat:aa suffccient w m�intain an add�tiot�baT�Ce.of nat mare thaa oae�six�of the �"'�--- -�
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<br /> - - - ` �amoua�. 'ih�full aanvaI arnount for eactt ate�re s[mll be�uL�t�byr�er wfi�tin a.p�e[i�asding a� _.�+ "�'�.`"��
<br /> � F' awntb befo�e an icem v�ruWd become detwq�nt l.eadea sl�all hatd the amainis oolkttod in�€tust w g�items(a�N)and r.'. �: =�.-
<br /> _r_:rw I�'�Et�O[CtbCj��Q00[I1CdCC�IiqE➢e[►L ,, :..',:??r��.�.,..
<br /> � • lf ai aag tim�tbe total of t�e gayments�Isl byv Le�der for icems la?.(b)amd(c).�o r witte tt�fimm�montIlly .., . �Y r-:
<br /> to .
<br /> '� for se�ch etems Ie to La-�der piios w ttie�dates of s�ncti izs�.ea by�Ara�e t1�ar►m�-sixth tht �;;,"
<br /> �F P�� DaY� it�ms ur�ea du�ud if �n th�l�iat�art e�uceat,th�Le�sdtr ".�����;� �.-:
<br /> � estima�ed a�aount of payments required to paY sych �►��% ;�;_ .;.. ��,
<br /> • .
<br /> - � s 3 n ll�i t h e r�s fi m d t h e e�c o e s s o v e F o n�s n�t h a f t h e e s�m a t a d p a�n n ot credit ttte eae�ss oti�xr n�su�h of tae e�ma*.ed . ^ �`�'.
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<br /> ��r � � ��t i?aY�.hy Bariaw�r.at th�e oQCiac►of Ba�o�:r. IitLr�total oY t1x pay�ensg mxie by.Baim�er :. � �:;:,
<br /> •. .-YC..d � Q t > Y t�(i{ lrax:
<br /> `:i'�'�;"�.' O�t �it��j.(b�0�(C)tS t�CLCflE CO p3jf t1�1tC iLCIIt WT_ICIY alt�t�f BOri'UWL'i S�1 Q�}i LD��3Q��+.^�1�iot00533C�4 LO s%.}�`:r t�kt , fi�r
<br /> �;, `,f;, - ��{,,� s,�,a es�cy oa or bef tT�date � ` _�,.�� '.�.. ,, �
<br /> , ..'S' �:�'_�:•.� �. ViSaTr�{Il�{G� Q+�r n WS�.Q�VRVi,JM�� . - .. '• , : . ... i�����•%��Y$Il.��° T.ii�.I�.
<br /> -'.,�,'`�<<.���� As ased ia this Secacet�.Iastct�mens. SeaetaFy"mr.u�t�e Secretary o4Housing and Urban DeveL+�a.*axfu orbis or hes <��i I� ��•-� F� ° :
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<br /> � ,x.-"`�`�;{s'�3��`, �S���F 3�IQ w5scb the f�eades must p�y a mortgage iasutar.oe�a:�um m the Secretary,eada d�o:?nth�Y PaYmen �.> �,�,k��H�;;...:-
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<br /> - ::�x y„.''� shaSZ 2L��cluci��t'avs: i au.�ens of rJn annual m�rtgage ms�an�•e premium to be pai��+�+l.ender to the. ,,. r�. t . . ;,�,.�..,:
<br /> ' if t�is Inst�ment is ixtd by ihe '�« '`t�'.
<br /> `•.a�"r-".���.';.,;r y t� . e�srad trf a inswance premiu�i S:�axu.itY , �"., __.`:="_°_
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<br /> ��`k S�.�- �c�m�'m�.•�°A=af t�'��aa'-t�ag�e'�ums tar�ce Suemium shall be in an amau1it su�ciem to accumui�tt"itte , "��pt?`: —_-
<br /> ��. . ;•s�'� f�e�iE:mcsau�mortg�ia.�rr��,�.�:�i�2o�:ender ott�trAnth prior to dze date�i�:�fiit:annual mortgage m�.^�mae . u,�, --
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<br /> � �'•r.�. '= . �ary;or c��is� � Instinmerst is hetd by the S�eaac�.x�ch�onthly ci�rgc shal}6e�i�an - �
<br /> .c•��-�;1v;i� premium is dae ta� �Y .,. `��. ` ��
<br /> �;�;°�£=�� amoanteqaalcooa�-aw�:�iiiofonr:4alf-Qe�a:afrthea�dingprittctpa��u�ia�d�ni?t�it�lWte. � . �,•. ��
<br /> , J� '�' pa 7r.cnt of all sums secm�d hy t�ns Sects�i.
<br /> ' t;�;3�f,ge�±'�.;;:% IP Ba�ower te����s to Ixru�ec t�e full y �Y,Ii►sttumen�,�ar�wer's acwunt .
<br /> ' �,�r�;�:�;{}�:E�.. shall be cred[ted with cis�bal�Oe remaining for all mstaltments for items(a�.(b)an,�.(c)and any rtfsiicgage insurance .'.r��`��
<br /> •:-'?+i:,�,;rl.;.� • h � �� .
<br /> �'�� pnmium ias�t that Le�:.�ti,not 6ecome obligated co pay to die Secretary.an�Fiei��r sball promptty�efund an�r r�"=_:�'L �
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<br /> r� .�. Y P P�Y �'9 Y ;�3•:�.Y�•.'';: ._.
<br /> �'.��,, .�;.,•�;;,,.,�...; excess fimds to Bo�vrer. I���itl rior w a foreclosure sate of the Pro or its uisition h Lender.Borrowers ��:
<br /> . : "'..,::.:::..�:�,�'.�, acaot�t shall be credited with an�:4a�nce remaining for all instalMents for items(a),(b)and(c). , � �4�?�vu.;; .�:=-,.
<br /> . ��.:.Y��� �. - ; � 3�, pp�Cattan of Ph��meots. All payments under Paragrap h s 1 and 2 shali be applied by Lertder as fo}tows: . :z-,:-;, : --
<br /> . .��.F; ;,., .,,�'; . , � ��Ty to t6e mostgage�nsutance premmm to be paid by Lender to the Secretary or to the monthly charge by the , . `••'�'��'
<br /> '.".s �' u�siead of the mou�Ey mort e insurance remium; , • •• "�
<br /> ` ' ,`:. - S�-t�any taxes,specian_�ssessmegnts,[easehatd payrrents or gmund rents.and fire,fload and other hazard ���'
<br /> .' ' �4��::'.;;',�:�' tllSUiSriCe QLCiYliti111S.8sreqtlltd�' ' 'y��
<br /> ~� {!,2,�ii;!i.S'• ,'r �D•
<br />. ,,.. ,, -.;:�•;.�: minterestdueundertitrNote: , �,�f:;
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<br /> "��{�fi�E r`r„t�I:., �w amortization of the princi�oE�he Note� '. , . ;'t,j�_-
<br /> ;��' i;a�r��:;tf 1;.,�,ji . �" :���=, � . , ".''`�-_-
<br /> �1'�, c���:;�,�t^•;��,:,,:;•� ��ZazechazgesduPUnderthiN�tz. . _.. � -
<br /> ,� y,,.;.-.r(,f;;;z;,;t„ • � • 4. F`�re.Pbod and Ott�er Ha?�rt1 IaWUSUCC. Bo►rower shalt insttt�aIQ ivn�rovemenGc on the Ptapetty.whether now '',,_ ; ,y=_''
<br /> %!`;:{ :',;��li�;s:�j;?�;�;;'�r:. in exisunce or subsequently er�s��u�.against any hezards,casualties.and cbn3ingencies,inctuding fire.for which Lender : '• ..• • .
<br /> �t,:' ,1�„.,`�'�,:,�rt`F requins insurance. 71tis insurar�t���sl�be maintamed in the amaunts and foc the perrtrtS.tthat l.ender requires. Borrower � �<.�'.. .x�.
<br /> ' :<;�� :�#•,�:::�-:'-;;;'' . �:ir/•�.: :
<br /> .r ;,...�«':,;,'�,,,:;r.,:;.�,,:' shall also insure all iropmvemen�..��+r+tfie PropeRy.whether now in existence or subsequently.erected,aga�nst toss hy floods '',,:tg�,+ ., , , y:
<br /> . ::_•:.1.;�,.� 1jr,�;;p� ,',. to the eMent requ'ued by the Secretary. All insurance shall be carried with compan�es approved by Lender. 7'he insurance
<br /> _ ',':,•:,,;: " .,
<br /> ` .,: _ policies ar�d any renewals shatl be he l d 6y L ere der an d s ha l i irtc lu de lo ss p a y a b l e c l a u s e s i n f a v o r o f. a nd in a form � "��
<br /> . ,. �, `.,,,���.;';;>::. accepsable to.Lertder.
<br /> `' •:�,J�' � l n t h e e v e n t o f l o s s.B a r r a w a t s h a l l g i v e l.e n d e r i m m e d i a t e n o t i c e b y m a i l. L e n c k r.m a y make praof of loss if�ot
<br /> 7'�r.:
<br /> �;,;� ..;fFC;;°::-�f;';;: made psomptly by$orrawev. ��c'h i�.�urance campany concemed is hereby authorized and directeA to make payment for .
<br />�,:j'. ..-:.41�.�.� . . . . .
<br /> • • � sutb toss directly to Lender,instr�irE of co Borrower and ca Len dcr joint ty. A i l ar any par of ttte insurance p r o c e e ds ma y be , • :_
<br /> ` ` �t���`"� app lied by L�,mder.at its o�ti ara�i�iser(a)to the reduction oi�he indcbtednecc under the 11ote and 1his,Security Instrumen� .
<br /> • ,.:'r.; •':> ''
<br /> . ,. :s;; ����s:�`:;-:,�� f r s t to any delina,rarrc:amount��.a�plied in the ardec in Paragrapt�3. and Ihen to grepayment of principal.or(b)to the . _
<br /> l ' ` restaratian or repati�a:dhe d�ma�,ed property. Any applicatian af thc pracecds to the pnrscipal shall not G�tend or pastpone • ,
<br /> .-:•r tf t��;�f.�.� . � . � � .
<br /> • �•`.,'.,,,5��'�c j;;.,���°�', the dus date of the mpnthl}��+�yrnenu whub:ue referreA ta in Paragrnph 2.or change tt��amaunt of sucfi payments. Any
<br />':�-'�;, ' =�-�`�;}r'=�,i:;";;;6;' exc�es�uisurancc prcueeds ove3�n.amount requ'ued to pay ull uu�rlanding indebtedne+�:under the Notc and th�s Security •
<br />`:`.,� ' :-:>w�%::��::s�;;�:�;�:'_'.�?' lnsu�r-.�nt shall be paid to the�.m�iey�legally entitled thereto. � . .
<br />,.��, ._ . ;r: �, �:
<br /> , r,,!:';� , "�- !" •� In.�tte event of fotectosure of tbis Securhy Instrumcnt or other tr�nsfer of titiz sr�th2 Property that exti�guishes the
<br /> �.��';"; '������. •' indebta3ness.a;t rcf.,�,titte and interesl of Borrower in and ta ia+urance polki�s in forrc�hall pass to the purchaser. ,. •
<br /> �;ty •'�.;;• • g: 4Dcca��cr.icrr; Presevvation, Mafntenaace and Pratectian of the Praperty; Bnnower's I.oan Appllcation; ,
<br /> � . t,ea}�d;,�liJ;;: putn>>�er shall occupy.establish.and use the Praperty av Borrower's principal re�idence within+ixty dayh
<br /> • - afi�-iiieye'x;�.-aiinn uf triis Securiry lnstrument and sha0 conti�ue u+necupy ihe Prope�;��+Borrower v principal re4�denc�e . .
<br /> • � fvr at�lc�st�utt�g'r.;u yfcer the Cati:of ocrupancy.unless Ihc Se�:rctary dctcrmines this re�,w:r�-:�ent will cause undue hardship . ;
<br /> � • for Burrower, ur.�ti�lt^;s eru:ait�ing eircurristateces exi�t which aro heynnd Botratc��'�3_�.tro). �attawer shall notify .
<br /> - Lcnders of a,ay'4q�i��:�.+in�cia�uintitances. 8urre�wer�hali not cammit wa�t+:�r d��rrii�:.�ti»rnage or�.ubstantiaqy change �
<br /> � the Pr�per[y or al)h��Ili�:['o7�:rty to deteriorate.c�asonabtr wrar and tear 4��aa7ir�f. 2.crid�.r cnay io�prJCt the Property if ihe 1 • ��. ,
<br /> � Prvperty is vacz�t.�7r:��cnnr�;:nr the loan i�in dcfault. Lender may tak�:�°ww::}�.•h«•��:r��ln to pro�e:r and preserve sach � '
<br /> • ' vacant ar abandanvi l�n�peny.: t3u�Yawer shall:�lso bc in dcfault ii'Burrcr,,,a, �iWiug.ifs�:ivan Applicatian praccss,gave ;,',;:��(�..���'; �
<br /> materiall�r fafse or n�3�xuc,�1: u�li,rmation nr �tatements a► I.�ndcr (ur t:u1,u1 ii��,�'•n:�'ufe Lcnder with �ny matenal ,;•„�,;;�;.;:>.',
<br /> , ���r ., :�� •::.•
<br /> iafortnattonl in�ri»b�a_tia�,�widi•tiie foan cvidcnccd by the Nute, inctudinZ_..b�9�-����i l;ir�i�ji•co,repreticnt.nionr cunceming : . �.,, „.
<br /> Banower's uccv�ir,nr.�t��t`ctte Pcbperty ac a principal rc�i�icmc. if thi�Secun!" ls�r�na�n�a�+:s�;�n a I�..a.schnld.Borrowcr shall '; ,
<br /> �''j. camply with tl�i:'.��ivi;;i�ans af the lease. If Borrowtr acyuirr.fre Iitle to iii�c•I�ri�t��rri�.�lie I�s�ehul¢•:md fex title�hall nat �
<br /> . � j be mer�ed ua:�cis Uat+i;:r zgrc�.s ta thc mcrger in writing. "' � ° � ��. ,,;� �
<br /> , :t G,,4.�+:�s�tii=l�:irati�c�t�'a�nd ProlectionotLender's Kighisin thr fTe�o��r:���> li�,m�av�r��ai'1'•���i��•331 gm�emmental � s+ •.�.1';i�t''
<br /> • 3 , ...,�..�
<br /> . -:� or'��uuiiu�iat�+:t�a.�,�,fc�esa�ui.'itnpositiam thnt ute not indudcd m P:+ragr.:ph�. �3�,rny�ti'u��7i:�ll:pua:th�:c abli��3tiun3 on ,,, ,,..�,;...
<br /> . . . � tin�e ditt�.-�iy ib flf�'.�ttity u9iiiii iv�+wed the payment. 11'fi�ihuc tu pay v.±1u�d 3:�i�:�?:11!.��It�:t:L�:��dl:if� ;.nti.-�:t� ���,�ite . ° `•.t';::�'; `
<br /> ' �'��4���C,r:,�:.
<br /> � Property.upup;I:i�tder s request Borrnwcr sh�ill prolnptly(umi�h tu Lender n.�ui�t:s cvr+��i'41L'lll�lhi'Se�Tsl��+n�it,. ' ' �,,. ,
<br /> , � , �. If Bo�ower fails tv m:ilcc thcsc paymeiuti ur�hc paymcn�� rcyuirui li,y I?�.cgr:2pt��, or f;a1s'Ir����:�form:tny othct ! - ' �
<br /> • co�•eaants and a �»�uus contained in this Securit y lnstrumen�.ur�herr i���►ILgaf proceeding th.�t"�ia3��:tgnificantly affect '�' •'', .
<br /> ��... .
<br /> Lea�der's rights in the PropertX(surh�.ti a pmrerding in bankruptcy,fur co�3tnttinanon�sr to enrorce laws or regulattonsl. �
<br /> La
<br /> " � " then C,ender m:iy do and pay whatever is necesv�ry ta prutect the value af the I�peny:utd l.ender:v rightti in the Pr�peny. `; ;
<br /> ' - . . including paymelSi.of.[axcs,htt2•.�rd incuranee and nther items mentionrd iu P.w�uaph�3.
<br /> ~ � Any atnuunts dishursed by l.endcr undcr this{'ata�:raph shall become an additional deM af'Harruwer and bc.ecured ( ".
<br /> _ ; • � . ' hy this Security Insttl�ment. These:unounts xhal!hcar intcrest f'rom the dute uf dishursement,at thc Nutc�ate.:uid at the i
<br /> • option o f l.en der.s h�l l b e unme d ia te ly due:m d paya b lc. •
<br /> • • ' 7. Candemnation. T'lie pmtceds of:u�y�w;ud or cluim fo�damages,direct��r consequential,in cunne�:tiun��ith any �
<br /> � conQetnnatian nr ather tatcin�of sny part nf Ihe Property,ur fi�r romey:usce in place��f c�mdemnation.:ue hem.Nv astii�;neJ ; •
<br /> ------. -_�-,-:- -:-:--___ - -. :ust!sts:slt�gs'sa ia Lendet to the extent�f the fnll Rmount i�f the in�ie6tcdnes►tt►:wt rcmainr unpaiJ�snder the t�ott�:md thic �
<br /> � � 5ecurity insWmenL Lender shalt nppty such procee�s to�he rzduction oi�lie i�dcfited,u..uE,dec tt�e:�ui�:u�s thi�Se.~:s«.y " -
<br /> _. _.s �__.::__:..�_:,.�.__: instrument.fitst to any �efinquem amanms apptie� in the emler provici�i in i�srsgraph z.and thi:r�t�prr�i5:::er.!e�f _ - . _.... .. .
<br /> priacipal. M�application nf the proreeds ta.the principal shall not exterxl or�ntpone Ihe due date of the uinnthly ,
<br /> . , ����e1rJ4pqite� -
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