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<br /> _� I. af�I�t+�st ud�.ateCl�f'� Barowa siwll p�y when due the pri�ci�i of.�ad inteiest on,
<br /> �� �fe detK��tse Note�id tate ct�a�es due msder ahe Noae.
<br /> � L Mo�tldy p�meats d 73uce�,.ia�ua�ce snd OlHer Cbar�s. Boaroiuer shall inciodc in exb moethtY P�Y�
<br /> � to�with tiw prsf�cIpal md inm+est u sa foeh in tljee Nate a�d anq tue ehu�es,aa�utallment of aog(a)tues aod
<br /> ' �po�d assess�ss fl,wied or to be[evied against the PcoperQ►,(b)kxsehat�PaYmrnts or gcound rsnts oa tUe RtopertY.�d
<br /> (C)p�miutns toT insuraoce itqui�ed by P�rapapls 4.
<br /> - Eacb monthiy iastaIlmtnt for iums(a).@)and(cT stiall alu�i a�e-twelfth af the annual�aw�mts.as zeasooably
<br /> �ed by l.cnder:Ptus an amauat s�#icient to mainUun � ad8iaonal�tance of not mOce than onasixth of tiu
<br /> _� - eatim�ted atnaunts. �e fuU anaual amattit for ea�b i;em shali be aa�tmutated bY I,endeE withi�a pesiod e�din8�e _...____�._,_.---
<br /> '== ma�th befae an itemiwroutd becom�deWjquent l.rnder shall 6old,the ameunts co�lected'm aust w pay iteaas(a).(b)ynd =-
<br /> tC)befot�ethcy 6erartPedetiuquent. : . lseW l.ender for items(a)(b)and tc).to with die futime tr�thIy —
<br /> -� if at any 6nje die catal of the.paYmmts hY - - �
<br /> P�Y��ts far such it�ms pryabk to Lender pri�w tl�e due dates of such iterns. by rnoiz tAan anasiath the =
<br /> - ` �t n u t d a m a u n t o f p a y m e n t s t e quired to p a y sach items when dtte,a�ff payments an the Note at�e ciutent,thea Lepdet — -
<br /> �-.� stitll�nfund th�excess over o�-sixtH of tLe astimmated paym�ts ac c�t the txcess ova one-sixW of the estimated �
<br /> a
<br />.. - ��:• paymems to subsequ�tpayments by Bonoau,at dx ogtion of Borrower. If the total of dx payments made by Bamower �-�—m---__-
<br /> �:�_ far.�tan(a).(b1.or(cy,is iaw�cient to pag the item�when due,th�Bom�aer shall pay�Lender aay amount aeces.4ary to �'�.
<br /> - -- — --�up the dtficieucj�css or 6cfore ihedate t6e item hecoa�es due. �-►:�•�+�—��
<br /> �-=� As use8 in this Sixurity Tnstrrment,"Secretary'��.1i�Sec�taty of HousinS and Urban Devei os his or 6er ��.,��-�
<br /> us °p� -
<br /> - des��ig/nee. T.n..aan••yJ.y�ear in wL[.��',.q.��. i.e�yn�d�er a�uSIE��,�a�Y pau���.�'�[��'���nswa�ce.pnpiium w�thfe� Se�zetary.each(m��onttily ga�yment i '{ • -
<br /> �Wl� �Jp�j�r�� (L�.�:iL's���Y���+-'W����1'�", '�✓�CC p1ar+++�I�II�O�� �J �.T.� .ilt II�IhViZN\1V�_�_.���_
<br /> �;�(ii)t mtffiE*"��'��uC�::�~..L"^�3 a�s.�.���'am if tAis.Security L�snument is heIr��� �tF�ra u'Ej�•�;
<br /> �' ,.�rpr��*a��,n:v�::°a��,���' s�be i�t s�c�onnt sufficieat to arcama��e�a �k,-
<br /> � � ��'`` 7 �:.:��^��=,�-�- a'��'�� • +�!� �➢:�"°
<br /> } T 4 `�` �.n•,�.���: .�W��f� �?n��i � �',1'��'�U�}81IIlf��',.£�i �$,31:tS-'1a'' -
<br /> `,rtr;� ? , ' �w�;�isi is'c'��.it�rSecc�-ag:er�f tts���xs t�"etS�i�i3:�'g:.u:ac'.sanncm��,��:,�,c,�.:.�Ll�i�a� ��uf r'a,�s�t:_�:.,
<br /> ;s�:,l� � `,_ .%`;?; amount equal ta��cs�i�reifth of one-haIf pe�i a�Zhe onis'anfinS Prarc�,����''.'"�duf.%ns the 1��.. � �:�•:-- •� • ' . �•`< �_
<br /> �:.��,�;`r - If Baiiawec t�s to 4nder the ful2��eat of all sums secuYedt 1Eg'�f'cs Secarity Instrutttem:..f�aiiawer*s account '.�,_-r.,�,=-,
<br /> •�: _'� . sball be crcdited wit�the balance remau»�for all instaltments for ite�(a).'(b)and(e)anda�anortgage insurmce ;:.�.::""'�
<br /> .::�`,�„�` . �' ptemium instalhnent;hat Lender has not berume obligated to pay to the Secretaiy.and Lender shall promptly�d an�r J...� . �:-�:
<br /> :� �•;,,. .
<br /> , ,:: , excess funds to Botmwes. Immediately prior to a foieclosure saie of the PtopeRy or its acquisition by Lender.Bortnwer s f;;; �.�
<br />... . ,�.. � . . .- aocount shal!6e ct�clitied with any balauce cetnatning for alt instaltmenu for items(a),(b)and(c). _, _rr �►�r
<br /> _ • 3.AppiicaHm o�Pnymenis. Ap payments ander Paragraphs 1 and 2 shall be applied by i ender as follows: '"' -�F;- -
<br /> �s•. Fjg$T,to the mortgage insurance premium to be paid by Lertder to the Secce�ary or w the monthty ch�ge by tha '�r '��•
<br /> ' Sscretary instea�of the monthly mortgage insurance premium; ` t- .
<br /> � to an taxcs.s ial�ssessments,leasehold a ments or und rents.and f ire.flaod and other hazard �; "
<br /> �. Y P� P Y E� , a°-� �
<br /> , J insurance prcmiums.nsreq u��eQ � •��� �-.
<br /> "� ��:'" = 1'g($p.to interest due under the Nate: , � : ,'�
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<br /> - `� [�]�$'�.to arroorti�auon af the principal�f the Note; t �
<br /> c.. .
<br /> • �.to tatc cf�arges dnc under thc Note. tt "�• '
<br /> 7 4. FitG Flood gnd Other H�rd lnsuranca Borrnwcr shall insurc all improvements on the Property.whether naw
<br /> �,��: in existence or subset{uentiy erected against any hazatds,ea+ualties. and cantingencies.including fue.for which Lendet ��%, �,� � °
<br /> mquires inswence. Tf�is insurance shall be mainta�ned in the amounts and for the periods that Lender requires. Banower �''" ".� '
<br /> „ w.�.. .
<br /> ��, aha11 also insure a11 improvemen�s on the Property.whether now in exi�tence or subsequentiy erected.against loss by iloods ;< - �
<br /> � -� ' ta the e�ctent mquired by the Secretary. Afl insurance shall be carried witb companies appmved by Lender. 7?te insurance �;; • �
<br /> :�, policies and any rencwals shall be held by Lender and shall incl�de loss payable clauses in favor of. and in a form {;, .
<br /> aocepsable to,l.eader.:• '��� `'�:
<br /> In the event of Ioss.Borrower shall give Lender immediate notice by mai1. Lender may make proof of tos.c if not . . i;• .
<br /> mede prompily hy Barrower. Each insurance company concemed is hereby authorized and directed to make payment for �; �
<br /> • such loss ditectly to Lender.ianead of to Bunower and to L.ender jointly. AQ or any Qart of the insurance proceeds may be '' „ ���
<br /> • - ' apglied by Lcmder.at its optian,either(a)to the reaucuon of the indebtedness under the Note and this Secunty InstrGment, �� '''�°`
<br /> _ - t`ust to any delinAvent amounu applied i�the order in Paragraph�,.�then to pmpayment of p��cipal,or(b)to the j�: �::=`
<br /> '•': � testoration or r�r of the damaged p.�}�er.Try. Any application of the p�ds to the princ�pal shal!au�*.eatend os postpone �r; •YS;c,z.
<br /> � ��'''���'" ' the due date of t4�s manthty paymer:�.�+•�-�J�z�referred to in Parag�4 2.as chan e the amount of such a ments. An . , E
<br /> g P Y y il:: � 1 .
<br /> ,.�;;,;�, • ' oxcess insur�ee praeeed.c ac er�.^.�c�:a:�":e r�,uired to�,y all outstand:ng usdebtedcee.cc under the Note artd this Seeurity � ,;.
<br /> "�.: lnstniment shall be paid tocl��eniity tc�::;�,°e:sitied t��r��^.. . c ;� .
<br /> ,'�;��:�": � -:; In the ec�of foceclosure of this��:o::;:y lnstra:rz�x or othcr transier of title to the Propersy that extinguishes the „_ • .
<br /> :';�;:' '. .�. ' '•�tj in0eb2eM�ss.atI right.:title and interest aY f�:r.�awer ia a^�r�insurance�olicies in force shall pass tathe purchaser. �_, ���`�. �
<br /> ; ,::,: - ,�,; �ir, 5. O�pancy, Preservation, Mair,�Qna�ce arzf.�qotection �+! the Piroperty; Borrower's Laan Applicadon; ;`,. ;.�;�'•'
<br /> �:� 1;�eholds. Bolrower shall occupy.establish.a.n.s����Propeny as Borrower's principal residence within sixty days •
<br /> ' � � . � v.iii�r the executian of'this Security Insttument and sI;�1T w.tinue to occupy the Praperty ati 8orrawer's principa!restdence �}' � •
<br /> 4 . . � �.
<br /> � tpr a�least one year af'ter the date of occupancy.unie+s cTt:Secretary determines this requ�rement�vill cause und;�s hazdship ;;
<br /> ::1�..' �. fvr Borrower. or unless extcnuuting circufixtances exi4T which are �yond Borrawers cantrol. Borrower shaf! notify ��.
<br /> ' � i.enders of any extenuating circumstanres. Borrower sha11 not co��t.waste or dcstrc�y,damage ar sub.ctantially changc `'�
<br /> Q�e Ptoperiy or allow the Property ta dcterioratc.reasonabte wcar and t�:�excepted. L.endcr may mspert the Property ii the �•
<br /> . . . Prope�y ia vacant or abandoned or ihe loan is in default. Lender may take reaconabtc action to protect and preserve such ��
<br /> v�cant or abandoned Properiy. $orrowcr tihall also be ir default if Borrawer,during the loan application process,gave • . ; ,�;
<br /> materiall� false or inaccutate infannation or statements to Lender (or failed ta provide Lertder with any material t: :•
<br /> lnfntmat�on)in connection with the loan evidenced by the Notc, including,but not limited ta.repretentations conreming � i,.
<br /> � . $brftlwpr s c�CU(ranCy'of the Pfnperiy ac a prineipal resi�ence. IP thic Security fn�trument is nn A leu�ehoid.Borrower shaU ,:
<br /> tx►mp]y with the pravlsians of the leasc. I P Borrowcr acquirev fce tittc tv�hc Prnperty.the teasehold and fce title�hall not ' ''�
<br /> be merged unicss Lcnder t�grres ta the mcrger in writing.
<br /> � 6. Charges to�orruwer and Protection of 1.enQer's Rights in the Praperty. Borrower+hall pay all govcmmenta!
<br />',;, a�municipal charges.;fines and imp�silinm�hat are not includcd in Paragraph 2. Borrower�hall pay these ubligatians on
<br /> . tim�direclly tn the en[ity which i.r nwrd thc paymcm. Ii failurc to p�y wauld advencly :�ffcet I,cnder�intcre+t in 1hc + .
<br /> , i�ropeny.upem Lertdel''s reyues�Hnnuwer shall prompily fumi.h t��Lendcr receiptti evidencing the+c payments.
<br /> !t gorrowcr fail�ta m:�kc�hcsc payments cu thc paymcntti rcquircd by W�ragr.�ph 2.��r tails to perfurm any vthcr j.
<br /> ; rpvenants and ag�eerrie�ts rnm�ined in Ihi�5ecurity Intitrument.vr there is a Iegal proceeding that may s�gni6cunlly uffect
<br /> _ � Lcndtr;s rights in thc FYopeny(such us�prureeding in hankruptcy, for cnndemnation or t�enforce I�aws or tegutations).
<br /> th�n Lender may do and p�y whatcvcr ic necc.sary tu pruicct the value nf thc I'ropcAy and l.ender c rights in the Prvperty. �� ,.
<br /> -- ir�:ladtng paymer��afi.taxes,hacard insurancr autcl niher�tems mentioned in p:irap,raph 2. f
<br /> " Any amounts tUsbutsed by Lender undcr this i�.u�agn+ph shall hea+^Ie an add�uonal debt of garrowcr:md bc secured � ~
<br /> . by this 5ecurity lestrument. 'I'hese amounts shall be:u interest from �s��S�:e o:�'ssbussement.:�r�`;e Nate rate.and at thc � .
<br /> —. a�tttm of lxnder,sh�ll be immediately due and payabte. ' _ •' •
<br /> `� ' 7. Cundemnation. 'i'he prareeds of any award or c2a'sm f�s�rm�y_s.::in�.~��:r a�•:scyuenci�[.in connecti�?:r;�ith�::; ,,'µ',
<br /> ,;, ' - ;
<br /> +;.., ��• ctr.�t!_mnaliv:�os other takic�of any part af the Propem.or for coar,:i;.^.ce i�gl:i,.:.��.condemnation.are hcn:C:�z�si�,;.*�:� � ti:, :';'�,..�;r� .,
<br /> � � � "t attd shall be p�d to l.ender to the extent of thc full amount of the imt�t.�ess L't�t remains un}+eid under the I�SSe�:3:�:� �' � �� :
<br /> `� '�� `_-- — -- --- ��utlly-1tss�n:t�enL �.endet shall ap�tty s�;ch praceeds to the reduc�xtc#'the indeb{eefne++u;iurr uE��otz and tlsis Securit�� -- -- -
<br /> � ' ���Y� � �. ' '�Insmiment, fust tn any detinquent amca�.�u applied in the order�r+;y:ded in Yaragr'.�ph 3, anc�men to prepaymenr oF - - ,---
<br /> � .. •.NY .. principal. Any application of the pracePds to the principal shall ctc�extend ar�ostpane the due date of the monthly • ,
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<br /> rpr�Rr z oJa pagrsr
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