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<br /> .�: ` . ' _1[ ` �.�_ _ ' '_" - _ -_—_ '_._—._. .
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<br /> � —;�.���� _-,�...ir�r�i _._ ' - , , �, 9�;,i��Q `�t7 s �
<br /> i� • . - . . � �
<br /> _.�; u �j�t d It�,ipsb��t Yd LMe CM�ri� Barrowar s�tU p�y w6rn due t11e D�PV�and ietnest ae.
<br /> _���: tt►c dc$t�vFd�ad bI►il�e Noct anOluc chuges due under thc Nok. •
<br /> �" Z�M�IIIr P�I�t u d'I'a s e s.i�+w w�t e Yd tKMer C N e�. Boms�er sd�i!iactude in exh moethlY P�Y�•
<br /> ::.�'_= :_ lagqiie�witti tbe princ�p�l aad inten�t ac see fath tn�he Note a a da�y tate cA�tBes.an i�ltnxnt oi any(a)taxes aed
<br /> -.�x ,;w s�ccial asse.c�ents Ievkd ar to be kvied against thr Ptoperty.lb)ieue6ald�yments a giouM ceno ai the i'rope�ty.aod i�
<br /> ;.,; (c)ptt�i+�ms for iesur�+ce eequi�cd by P�rsgaph�i•'
<br /> F�cU moathIy instaltment !or items t�).ib1 aad tc)shal!equai:uae-twelftG of tbe aanu�l amounts.as ceas�aabty
<br /> _ cst i m w o e d by l.endmt,P[ut m��e�ra sufficient to maint�in eit addmonat E�taatc of eeat mae.t�an�e-si�cth oE the .. . .-------
<br /> .` `T !end
<br /> ��: r•' estimtdM amo�nts. 'it�full aonwl�mou.at for esch ium st�ll be accumutated.bY Lender within a pe�od endea6 0�
<br /> ,. ,:�`°' �� t�tiibefac an item wanld Eecane deWsquent l.eader shall hbid tlrr amauau colkcted in dust to psy itrms(a).(b)and
<br /> :, ,. : � (c)d�oc+a tlfey becoa�e detia4u�. �
<br /> -•_r ff at any mne the wtal of the payments heid by L�ecsder fa it�ems(a).(D)aad lcL to8ether witb ttrc fumte d�oothlY �.�_
<br /> . pxymtats far such toems payabte w l�endes�xiar to tLe dae dates of such iums.txcocds by moce t6an ot�e-sixth the
<br /> ' _ eatimA�ed�t of Fayments reslui�d top aY su�fi items whtn due.aad if p•ryments an Ihe Nate are curteny ttxn l.eeder
<br /> L `` shal!dtbet cefimd tt�e exass ovu oue-sixth of t6e estimazed AaY�nts or c�sdrt the exass over oo�sixth of tha estimated - -" --
<br /> �' ` w t payments by Boimwer.at d�e option of Bormwe� if the taal oi tt�e pay�made by Bacrower __ - --
<br /> tt e
<br /> --- -- _r..��,i f�ar�),N)�ins�ficient to pay the itetn wben due,theri Borrower shail pay to IxnBer aay aatount necess�y tQ _
<br /> _•;:::�<1 r��.-._ matc ap tbe defui«�cY aa�ar befrne the date th�item becames due. � `_— --
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<br /> ���';��' As useii in this Secur�ty Iasuumen�"Secntary"means the Sec�etasy of Housing aed LTr6an Dievelopment cx his or 6es --
<br /> '- � -�- d�si tn any}ear in wlucA tAe I.ender must pay a mortgage insutauce premium to d�e Secretary.each monthlY PaY� �'-_-_
<br /> = -"'`_;�.- ��p��ctude either; (�)an inuallment af the annual mortgage insu:ance premium to be paid by Leader to tl�e �°_;�.���
<br /> ` -r�'''" _ S t c re�y,o r(i i)3 m o nthi y s h a r g e iastrad af a mortgage insurance prsmium if tAis Secority Insmm�eat�s he2d by the ;��.�=�
<br /> � �x:�e- insarance um shall be in an amaunt s u f f icient t o acc u m W e t e t h e �`.�c ,.:_,
<br /> - S Each moatlti insrdilment of the mostBaSe P�'emi . ��•.`
<br /> ; _ ."'-".:.'' �� �S y pcemi�m with L.endtr one momh ai to the date the fuif annuai mortgage insuiance ,��,°:
<br /> fuli aiwiral mo e insuraace Pl'r �s..�•�-.
<br /> - � premlum is due w the Secsetary-or if tliis Security Instnunent is hetd by�d�e Secretary.each mcx�thly charge sdall 6e in an :.;—�;.��
<br /> -~"�`:��.. amouM equal to oae-twelfth of one-haif pereent of the outstand'w8 princiFa!baiance due an the Note. '
<br /> ��,,�--�
<br /> ° -- .- If IIor�awer tffidas to Lender the fuU paymeat af all sums secured bY this Seciuity Inswme�tt,Borrower's account .?�- __._
<br /> ,±`•;.� <' �=�_ shall be cr�edited witI�the batance remaining for aU mstaWueats far items tu?. (b)and(c)and any mortg�ge insurance - - ° L
<br /> ,.�""`` � premium installment that Lender has not become obligdted to pay to the Secretary,and Lender shall prom�dy refimd any
<br /> :_.�. . �_w_.�_... : exoess funds to Borrower. limnediately p ri o r to a foreclosure sate of the Pto p e�t y or its acquisition by Lender.Borrower's .._:^..- - _-
<br /> `.. :e' � a�coiuu shall be credited with any balance remaining for all in�taliments for items(a),(b)artd tc?. , -�..
<br /> - '�:• . . 3� ppplkatiop ot P�ymeats. All payrt�ents under Paragraphs 1 and 2 shall be applied by Lender as foltows:
<br /> • � - _�S ..to tUe maRgage u�surat►ce premic�fii•bepaid by l;ender to the Secretatyr or to 1he moAthty charge by the ��.
<br /> " :Secretary instead af the monthly moag�L'i�aranve premium: , �`�
<br /> ` `':'� " to an taxes.s ial assessrrfc�s'�,Ieasehoid payments or ground rents.and fue.ftoad an��iier hazard �_
<br /> ;� �;��:. . '� Y P� .
<br /> . �e ptetniums.as req�.l, ' ,` �
<br /> r - ,,.:• �,���,yr.,, �D•to interest due undcT�ii,:{�tote: � . ' v�,�r, ;��
<br /> �, .
<br /> < : . . :;,`f� `F''�`� , �,to amortiaation af:ie principal of the Nat� , . ; x�f�4)`".;;�° y
<br /> ,�, " ;.��s�. . , , �,tolateci�argesdueundertheNote. ,- "x'��°:,•� �,��
<br /> '�r � t?". .. � 4. Fire,Fioo�and Otfie�Elstzard 1asudance. Borinwet shall insu�e aiL improvemenu att the Property,whether ci�+ . . i:•.„ �u' �r.."�-:�°'=-
<br /> 3 1�1h� r i'.. � y r.a..
<br /> i•,s� ;��,y�r.•,��g oT sub.�equentl y erected.a g a inst any fiav.ards.casaalties,and contingencies,including fire,for wttich L.e¢�+er s ! , �,�.: � .��
<br />- � , t�*��insurartce. T his insurance shall be mai�e d in t he amaun�S an d for t he peri o ds�h a t l.e n d e r r e y u i re s. B o i r v y�' . . . '=�?��"•��-. � �
<br /> `; :�.,�a�,
<br />;,�';, . ..., „ si��7.�asa insure a11 improvements on the Propect�.whether movl in existence or subsequently erected,against loss by ti.� ;);'�'r . �
<br /> � tt��extent ciequired by the Secretary. All insurance shalt�e_'arried arith companies approved by Lender. The ins�:��ce � • ,�;�,; � �,
<br /> ' � pplicies an d any renewa ls s ha l l b e he l d by I.e n d e r an a s h a l l i n c i u d e l o s s p a y a b l e c l a u s e s i n f av o r of.and in a form � ;�:��: :
<br /> � ,,' �
<br /> acc�eeptable to.Lender. � •
<br /> pin the event of toss,8orrower shall give E.�der immediate notice by mail. L.ender may make�msaf of Ioss if not i „ , __
<br /> ma�`,��amptly by Borrower. Fach insurance company ecr,�ed is hereby authorized and directed to make payerer.t for ; : ,
<br /> ,..`.I, , ').. ' L.
<br /> �� �..,.,,-. '' ��y�}.�,�rectly ta I.ender.iitstc�r3=�f to Borrower ai�d to � •Lr�ii:r jaintly. AIl or any part of the insurance proceeds cr+sy be _ ;�
<br /> � - � !-�'�'�;'/'�` �� I.eader.at iis optie.ti.�iii�(a)to the reduction cf�+:e indebtedness under the Nr,ce and this Secunty Itsstn:m��c. -
<br /> ' � . �`'��{Y�':;;,i'{f.'. , L;c�fit;;: � .;� . .
<br /> �_.� :.,,<<«!��}". •:•; , f�t f�azy�:tisr�ur.r,�:amouns�lied in the order in Paragrapfi 3, and then to prepay�l►e�t of principal.or(b)tc,�fx , __
<br /> �.' � • �:� , t�estora�on ar r�zs�,t:the damaged property. �ry applicatian uf the proceeds ta the pnnc�pal shall not extend or postperte � ;
<br />,;r ,� '" `� � t2�e��e date of.1�e�anthly payments wh�ch�n:�r�ferred to in Paragraph Z..�:rehange►he amount of such pa}mtents. Any t i�
<br /> '• ' ' ex,�:�insurance proceeds over an amount r:*amrrd to pay all outstanding mdebtedness under the Note and this Securzty ,
<br /> I .�'•� •�� `` � �L-�ent shall be paid to the entity legally er.w�.ed thereto. � .,
<br /> � ����:.••�� � � � � fn ihe event of fomclosure of this Secu.-iy Instrument or other transfer uf title to the PrapeAy that extingui�};c-�rt_e f'� -�;�
<br /> - � • . �btcdness.all right.tide and interest of Bam:��+er in and to in�urance policies in fone.hall pacs tothc punhasc;.+ � ,;�.
<br /> _ g, (kcupancy, Preservation.Ma[ctiemu&ce and Protectian of the Pcopesty: Borrower's La�n Ap�t„�t:i;�: j ;'. _ ,
<br /> ;,.
<br /> � . � �xsehotds. Boaower shall oecupy.estaBli�di,�:s•;d use the Yroperty as Burrpwer:pnncipal residence:�i+�tu+,��tp�qs y ;_�
<br /> , : ;;�1� � z.�'.,�-�Y,e execution of this Security.lnstru:.:�(:asr3 shali rontinue ta accupy thc PropcAy uc Horrower's pt?-�ciFai resar�x::e � ,_
<br /> :j�;•••; � fr•cac l�.�st one ycar after the d:a�r,i':!:c:.vF�.:cy.unte+c the Secrctary detcrmmeti thi�rcyuirryment will causc unu'ue ttaz�l.�i�„p ; {;,
<br /> - �,:,;.�} . •
<br /> ' :.;�);' �' fac E�:rrrwer, or untess exte:ri�i��i�t;,iscumstances exi.+t wfiich are beyond Qartower�-.-untrol. Borrawer stu:I� r�uci�v
<br /> �,er.�;ixs�.f any extenuatin�cirr_-u�'�s:anccs. Borrrnver tihall nut cammit wa.tc��r dcstm;a:damage or substarttially clr;ut;;e ��';
<br /> ' ehe�r:�se:^y or altuw the Property to detcriornF.rcaeonable�vcar and tear excepted. l.cnder may mspeci the Propert�if IIi:e ��.�
<br />�•',, propett,f;s var.im er abandoned ot ihe loan i�+in defauh. Lender may iake rea�unable acti�m t��protect:uid pmserve such ��.
<br /> vacat;Cr,�-�bandoned Roperty. Ecr.ower�hall al.o be in default if Bortcnvcr..during the tu�n appli��ation process,gave � .
<br /> tn�riail'r false ar inaccu�ate ir.f��rmation or .tatemenf4 us l.ender I��r failcd tu pruvide l.ender with any matenai !
<br /> lnf cr•;r�an)in ronnection wi�h the toan evidenced by the;�otc. inctudinr:.but not timjteJ to.rcpresentations concecning ti
<br /> �orrower's uc�cupancy of the t'roperty ac a prin:ipal recidence. li thiti 5rcutity G�•tnunrnt i�an a teavehotd.Burrower shall j .
<br /> . compty with the provisianc uf'the Iea�e. If BoROa•cr acquires fec�iQr u+the Prnperty.thc Ica,�huld:uid fee titte tihall not �
<br /> " � � � t+c mcrged unle�s Lender agrceti ta thc mergcr in�criting. ;,
<br /> • = 6. Cfwrgr+tu Horruwer and Protection ot i,ender's Kig,hty in the PropeMr. l3arroacr�halt p�y ull guremmenta! ,
<br /> ar municlpal ch;uge�.fine�:u�d impositions that�re nut included in Paragraph 2. F3lttruwcr�hall p�� the�e ubligationv on '
<br /> time directly to the cntity which i�uwed the pa}mcnt. If failute to pay «uulJ ad�•er.cl}af!'ect t.endcr:interc�t in the
<br /> � Ptope�iy.upcin Lene3er y rryucst 8onuwrr tihall prumptly fumi.h ru Lcndrr rcceipt.e��idencin�tl�r�e p.tymeNs. �
<br /> lf Bortower f:�i(s ta m�ilec these paymrnt. ur thc payments rcyuired by 1':uagraph ?,ur fail�c�>perf�nn ;u�y ��ther
<br /> ewenants and agreement�containrd in thi�5ecurity In�wment.e�r�hete i�a Iega!pruc�tidini ihat may ti��nilir:utdy affect i+,
<br /> Lertder's rights in thc Ptupeny hu�h ati a pr��cc�din;�in bankrup(cy. feu cundemnatinn�+r a.enforcc law�or re±�olations►. �;
<br /> .; : tl::�l.ertdcs n�ay du:uid pay wh:rtevcr iti ueccssasy tt�pu,tect th�caluc uf thc{'rupeny:uid Lr�drr:►i�ht�m thc F'roperiy. �
<br /> ' � i:.v�i�dingpaymeni nf t:ues.hat:uJ insut:utc�:utd athcr itcm�mcmion�d in!':u�grrph 2. .
<br /> ' Any:unounts disbur,ed by Lender under thi�Paragraph�hall I+ecome an add�teunal drbt�+f Hunu�ser;��id fx�rcur�d �
<br /> �:, �. � 6y this 5ecudty Insuument. The�e:unount��hal1 Fk:u interrs�from the date c�ti di.buncment,ut tnr iutc rate.:w�S ut thc
<br />� opt�on of Lender.shali be immediately due:tnd payable.
<br /> . ' Z Cundemmtion. 'f'he pnxxee�f�of any award or c[aim tor dam•rgr�.dire�t��r cunsc�yaentiai,in connectiun�vith mt
<br /> _.. _ - ��3emnatit+n�r othe�[:�1cin�of:tny p:ut of the Property.ur f�r rnnveyance in ptace vf cunde�pnation..ue hetehY���it;tted
<br /> � _ .3� - _ - - ' - .
<br />•_. '�. �!.. __..._ _ . � . a.���li be paid tv LenBer tu the extent uf the full amount��f the mdetr�rcines�tnat remaut�u�pat�undcc ti�c:�utc���+t tai., :
<br /> ._ ..... ; ..._...._.�._.___. ---
<br /> � CacLrity Inst�ument. Lender sfi:ilt appiy suct�presceeds ro the reductirnr of the indsbtr3nr's�u�i�ise ihe tiute:ui�#ihi�Sccur+:� ..--- _ -__ -
<br /> u
<br /> � i�,suument. first to any delinyuent:unaunts apptied in the onier pt�n.ided in Para�raph 3. und then to prepayment ��f
<br /> : ` �rincipal. Aay ��licadon o€the proceeds tv the principal shall not extend or pustpune the due d�tr of the monthly
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