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<br /> �';': � g -�- 107219 �
<br /> = � �..._...:� ., 1 .
<br /> L er�or��t,rbre�a.a�c�B«�wor sh�ll psy wben due the giincipal of,�a�u�c oe.
<br /> tbe debt evid�a�ced by d�e andl�e chuges due undec thc NoYe. �
<br /> - a ��4 R;7!�b d 7�te�.l�ce and OtDer��ar�es. Bo�ower s1jaD inctude in eacA a�oiuAlY PaY��•
<br /> - tbgatha witb tbe priac�paD wd ieterest as set fortb in the�Nooe aaQ any�cAuges.�n;��L+�+�^*aE u►y ta)t�es and .
<br /> _ s�ocial asse.s�nems tcvied a to Ix tevied against d�c Ptoperty.(b?teasehoW p�yeneats nr�oand r�nts on th�Ptoperty.amd
<br /> (�)�ums f�instu�nce�+eqvi�ed bY pusg�aph 4.
<br /> - -- Fach mont�iy installmeat for uemc(a),(b?�d!�)shatl aqu�l anatarri�th af the annu�l aaiouats.ag�san�bly
<br /> ... _ - _ _ e.�im�ted by Lendqr�us an amount su�icient w m�intain an additidnat 6atance of not mare t1�ut oM-sisth o!ttsc .
<br /> - -- au�naoed amount�. fuII annua!amaut�ior qcb itan st�il be ac�apµt�bY i�ender within a period tnding wie _._ __--.-------
<br /> - -- month befare an I�n waald becasne d�tia4ueat. I.ender shait hoid tlu amaulnt�entlecte�in tNSt m pay items ta).(D)�nd -�_
<br />_ _ (c)6efaR tlrey bqcome deluWuent- --
<br />- If at any time the tatal af the gatiymeNs held.by Lendtt far ioems(a).�b1 and(c)togett�er with the iuhue montNy -��_
<br /> `' _4 payroents for sucA items payabk to Lettde:pdar to the dae dues of sach items.excads by more than atasiuth We =
<br /> . . esdm�md�r�unt P�P�Y���N�top�y such items when due.aad if�ayments oa th�Nooe are curtentF ttha�L,eader _
<br /> ha
<br /> - shoil eitber refiu�t�exoes�ovet a�e-sixib af.ihc stimaud paYmenu or cnedit tAe excess over one-sixih of tha estimated , �"-
<br /> E''.�_-
<br /> ta subsFqurCptpaYm�ts by Aomower.at the opcion of HortoweG If the tdal uf the payments macfe by Barmwer a.--_—�-
<br /> �.: item�a).(b),or ea)is insuffic�eat tp pay tAe item when due.then Soirower shall pay to Leniei anK amount aecrssary to _ _
<br /> ------ maTca up tbe defa:irncy vn a befo�e tT�datc the item becomesd�2. - - - --- -- -- - - _
<br /> _ As ased in this Secunt�r Insttutneb�"Secoetary"means��of Haosing and Utban Devetapment ar bis a her� -- -_ -
<br /> �� �:_ desi�oe. In any year in whtch the Lxnder must pay a martgage ucs�.aance premium to the Secretary.each manthiy paymeot --�__ ~
<br /> .;'' shall aiso inctude eithsr: (i)an installment of the a�na1 marctgagc insaranse premium to be paid by Lender to t$e • -
<br /> ':�.,.`'r Socce�y.or(ii�a fioettily cl�ge i n s o e a�o f a mortgage insarance prem i u r n i f t h s s Securi t y Inmument is hetd b y t6e . �'��
<br /> �:�• --
<br /> � . Set,.retuy. Fach mQnthiy installment of th+e mortgage inswance pcemium shall be in an amo�un sufficient w accumnfate t�e _ -���-� -
<br /> �;i �' fiill amual mostgage imaraace pnemium with lander one moath pna w tbe dace the full annuat martBaSe msw�ce ' :�=3`;=:_-
<br /> _ _ _ p�mium is due ta tde Secretary:or if tttis Secarity Instrument is held by the Soccetary,each monttJy charge shuU be in an �` --
<br /> � amo�t equal to ane-twelfth of ane-half percent of the outstaadin8 principal6alance d�e on the Note. _ _`�-
<br /> •.t_: .. i8 Borrower tenders to i.ender the fu11 payment of at!smqs secured by this Security Instrvmene,Borrower's account y�.�'�._
<br /> • s6a11 be ccediud with the batancx remaini�,g,for ail mstallments for items (a). tb)and(c)and any awrtgage insurance ,���:, ._.
<br /> � � =�- . pnmium instaWnent that Lender has not become obligated to pay co the Secretary,and Lender sha13 pmmptly refund any '; 4
<br /> r�'X . excess Yunds to Bormwer. Immediatety prior to a foreclosure sale of t��roperty or its acquisition 6}r Lender,Borrower's � :. ' ,::,�
<br /> a� �-` �t shall be ccedited with any balance remaining fnr a!!installment�fatitems(a),(b}and(c). •„`'<��
<br /> _'� • � �;'.�,�;..,-,,,�:
<br /> . ,��;,� , :....�:�;� . 3. Applk�tion ot Pfiyments. AA pa�rments under Par3g�aphs t and 2 sl�aq be applied by Lender as foltaws: }: • ;;;•:;;s:r;p.-.''
<br /> ,��;;��:�,,;,., :sr:�•�:,:
<br /> • -: t� �,,;. : �$�,to the mortgage insurance plemium to be paid 6y Lende.r to t6e Seccetary or to the monthly chasge by the ,` ::4��:.>',���
<br /> -�'�s��;; .••� 5ecretary inscead of the monthly mortgage u�surance premium:. , .
<br /> ' . �".>�. � �F.CON$ta any taxes.special assessm�r teasehoId payments or gmund cenu.and fine tiood and ather har�d �+*�:
<br /> - �;. � iusurancep�tiums,asrequired; • - _ :Lr-�-
<br /> . . :,� �p,to intese.st due vnder the Note; . . �:-�_. '.;�
<br /> n �. .
<br /> , , -' ' �,to amortizauon of the principal of the Note: . _.;'°.*�.�+^,
<br /> �.. • ., °-;- ' �,w tate charges due under the Note. , �;,�:;.�$r`.- � :
<br /> :;;, .-"�=.;� 4. Fire,Ftoad aad Other Hazard Insuranc� BorroRer shall insare all improvenients on the PropertY.whether now ., :�,�;,-,_;;�;.�c,�;. -�:
<br /> ��� �-::�.;; ,�.. : . _ '_��`��
<br /> , ,.,_ :.!.,,, . in eaistence or suh�°..2enuy erected.against a�y hazards.casualbes.aa�conu�gencies,lncludNg��.fm wwch Lender : ,r,.t��
<br /> . ,, � �,,, �
<br /> �:;;.;;_,.;; uires iasuranc,�,. '�*...,s insurance shall be s�:i.*nained in the amounu�fns.she periods that Leaderrequires. Borrower ;.� ;,.,,,',�%hF.
<br /> - .� ,;;, • � shall alsa insure a�i�.�ver�ierts,on the Pra�ery,whether now in eais�:�x.�r subsequently erected.:,�`z�st loss by floods . . . �j. ,-;��;��f;�. .;�
<br /> . -y�r! � W t h e e u t e n t r e q u i re d I��.�e 5 9 a e t a ry. A l l i n s nran ce shaiI 6e carried a�i c�m panies a p proved by i.e:.,rr_ 'the'tr�uraace ',r?�'}E:P�:,"�.:. ' �
<br /> � ' policies and any renewats�:::L�e held by Lender aad.sb�31 9nclude�Ioss payabte c�airses in favor of. and ia.�fcnm �,�:,1;`,':"�.' , `
<br /> ;� acceptable to.Lender. • . . � ' ,; .=• .
<br /> Y
<br /> , �'��, , • • In the event af ioss.Barcower shall gii•e L,eader'rir.^.ediate notice L+y mail. l.ender may make Ftoof of Ioss if not ,� '
<br /> :.. ' ," made prompdy by Boirower. Each insur�..�rr�Dany concemeA is he.-eC�aatttanzed and dicected tn*nake payment for . r�:
<br /> � �' ��z ':' .�} -: _• ' • such loss directIy W l.ender,e:istead of to�o.��er and to[.ender jointly.��I!or any part of the ins�*�ue�roceeds may be -,
<br /> I �1{� • J� ".r, . • �• � � .
<br /> ..�•�f, �., :. , app]ied by L,ender,at its opema,e�ther(a)to�ie reductios c�the indebtedness nnder the Note and thE.y.�.,�curity Instrument, _
<br /> � ' 6 +�,"�;t,,.. first to arry delInqaent amo��applied in the order ia E�-:ragraph 3.and then to prepayment of�r^�.sipal.or(b)w the ' = : .-
<br /> � 1 �, rr' �J " ', restotation oT r au of the dama ed ro Arry a Lcaxion of the aceeds ta the qa al shal!trat extend or s ne '.�°:�'' °
<br /> �I.,� . ...,�n . .. . • . _
<br /> �,.,�,a� eP 8 P Pe,�Y- PP� P� Pj'� P P��P° w.
<br /> ��� �, y�--�'�;��; :_ •: ihe due date of the r�onthiy payments whccfi;s:.�refened to in Paragraph�rar c hange t he amount�:f.'�r h paymen t s. A ny . ::,.;
<br /> . '`��.'r � �r�.•`•��. ' excess insurance gr[xceed9 over an amourt rs�y ced to pay all outstar:�.u:��L.debsedness under t I�`_�cr�an d t hts Security - -. F� ;
<br /> .:,j;;' '=+�,: � ' Instrament aha11 C��Said ta the enti legally e�:rej:d theretu. � .;�:�`;;
<br /> . , •:j !S;}•`�r,,.I', r ty . „ �� e .,'�
<br /> , , ;1.�,, :, _..,�`' ln the eves.of foreclosure o f this Secr.�y lnstrumcnt or other tr���`er o f tit le to t he Froperes;��:extin uishes the ���' '�:_�;._,.
<br /> S ' ,r.'n;.�.
<br /> �� ,�,�.�;,.,- indebtedness.aU right.title and interest of Borrower in a~.d tz insurance polieies in force shall p�ss ror T'te purchasc� . 't�:,;ti�f" �;;y?t
<br /> �, S. Occupancy, Preservation, Maintenance a� l�tection of the Property; Borrower's Loan A�+pfia;.�t+.�ao; '� `'
<br /> � . ; r ...'1�;?3��1`:'�: � Lease6o1ds. S��ower shall occupy.establ�s?��and use°�:,:Praperty a�3�aower's pnncipal re�idence withs'a:��?x�4ays . " ' _
<br /> • � `'� ''%''' �.s::.:`, aher the execa�:�:of this Security Insuu^�.=t si��shal`�.i"inue ta acc���,��:t'�e Property as_Bonower's principa:�-�::ence • �
<br /> �•""�` ' t� �"' � for at teast or�;:al after the date oF occc�1:f.r�ntcss�`.��.cr:tary d��:_^.es this reyuirement will cause undue F.a��s::i p _
<br /> ,:;.� �;,,,:,_;.: ':'.� • • .
<br /> . .' . .:�;:_•; .,; '- : : fc� �orrawer, as unless ext�.:at'sng c"s�;r;�:ances ex�.t k-.ich are bey�r.d Bntrnwer's control._ Borrower shalr ^otifyr , � t`
<br /> ;�l•�?��; �• Q.e�-i�'ers of any extenuating r;r-�„�stances. Borrower st.�1i�.�t commit waste or desuay.damage ar substantial�r at.�zge ,
<br /> �,.' ,�� . :°�� � tY.e braperty or allow ihe Ptoger.'g�to detericsrate.reacar;;.F�'_:wr+r and tear excepted. �ender may inspect the Properrr ir'tfie , � '«
<br /> , ;,r, Property�s vacant or abandoned ar ihe Ioar�is in default. Lendcr may take rcasananle action tn prntect and prese.�such .
<br /> � ' vacant ar abaridn�.ed Ptoperty. Borrower�Tta[! aiso be in dcfault if Bocrower,during the loan application pracess.gave .
<br /> ' . matetiall�+ faSse or inaccumte infortnati�n or statements tn ixnder Icr failed ta pravide Lender with any mater�al
<br /> , • �. • ir.,`�+.�:sahon)in connection wi;?�the toan e�i�::ced hy tF►e Nntc.includictg,but rtot IimiteJ ta,represcnwtions conceming
<br /> ;�.. Eore��uer's occupancy of the t�r��eriy�s a princip�l resider�c,:..1f this Security Instrurzent is un a leasehold.Borrower shall �,,
<br /> � co^�Fy with the provisions rnf c£.�tease. lf Barrawer za��rin:K+.ee tillc:to Ihe Praperty.the lcarchotd and fce titte sha!1 not ;'�,�;�
<br /> ' be r�ged t:ccless Lender agc�ees to the merger in writina. _ - �
<br /> �r �har�es C9 Borrowee and Proteciim�at Leri�es's itightw In the Property. Borr�>wer shall pay all govrrr.mcntal '���`,'" •�
<br /> " �,;,r.' or m�r.�ci�2}.cl7a,�ges.fines artd impositions c�t;:t xe r.ot iacluded in Paru�raph 2. Banawer yt►all pay thesc obi�gation�nn � . :
<br /> .,, time�"rrectly tv the entity whirh is owcd tlte�ayc*.�er.t. Ff failure to pay w•ouW advencly uffect L,r.a�d.er's'iniere�iZ Lye ,
<br /> • • ,,. . Ropetty.upon l.ender:s req�est Bonawcr shaii pror.�Uy turnish tn l.ender receipts evidencing these FZy ments. � „,
<br /> ' ,"=s.'��' If Borrower fails to make these payment�or thc paymcnts required hy ParaUrraph 2.ur faily to petfom�any r,►l�er :'`�.��
<br /> :�:. ,.,:,. G •,,�; ...,,
<br /> covenants and agreements contained in this 5ecurity lnstr3ment,or there is a Iegal proreeding that may significanU�•aTfect : ,.�;;.•
<br /> ' .� �•., l,ender's•righis in the Property(sach as a pmceeding in bankruptcy.f�r condemnation or to enfurce�aws or reg��a:ion�). ; ,
<br /> then Lettder may do and pay whatever is rt��ceswry to protect ihe�alue of the Property and Lendcr's iights in 1he Property,
<br /> ••- inciuding paymem of ta�cts:ha7:ud insurance�n�f ather items mcntiimcd in Paragrapb Z. ;�_:; '
<br /> My amounts disbursed by Lender under this P�ara�raph shall hecome an additinnal debt c�f Burruwer arid Ix secarrd �.;:�:,�' . .
<br /> ' . by Uus Seciuiry Tnswment. TAese amnunts shall hear mterest from the date oi'disbanement.:�t ihe Nute r�te.anJ at the - .:,�
<br /> . op don o f L en der,s h a l l b e immc diatc{y due an d paya b lc. �
<br /> : . • ' . � 9. Cundemnadoa ThC proceeds of any aw:ud or c:lalm for d:unages,direct or runseyuential.in ennnection with any � .
<br /> condemnatinn or other talcing of any pa�af the Property.or for conveyance in place uF condemnation,are hereby:��igned
<br /> � ' � and shall be paid to l.cnder to the extent of the iul!�moant of thr indebttdness that remains unpaid under the Nate:u�d thi5 '
<br /> - .=:=;4=.-�--- -�, Sestlrih'in�tromeni. i.enRer shali apply suctt psarectls tQ th:teduet'son�tF the in!iehtednecc und�Ihe;vatc:��I li�i�5e�uriiy ;-, - _ - - _
<br /> � ' ����� insuument.first tn any delinquent amounts applied 'tn the order provided in Par�graph 3,and then tn prep�aymenf of �" -"' ' �'
<br /> � , yritteipal. My application of the pmeeeds to the pritesipal shall nut extend or po�tprnc the dac date of the monthly ;
<br /> � .
<br /> �. � • rva��2,fap,,xa� � s
<br /> � '�� � . `� - _ _-_ - �_ -- � ._
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