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<br /> =`,.'''?� �. P�jslY�O«k�I�l1,YIIttflSl t�d�.1tt Cbi�l.'B660WCr S�lalj Q3y�w�a dUC[11C�11C1pa1 Of�d intL•It5[Of1.
<br /> `�'�'s _ � ' . tbe debt Cvidcaced bY the NotC and L�te CTtarges due undea the Notc. B�Wer st�all iticlude in eacA ma�WY DaY��
<br /> r� " ��:� . 2. 14Ioet�t9P�y�astsdTaus.I�w�ana4andOtDerC�arRes , v
<br /> ���..-' w i t h d x Q ri n c i p a i aad mtenst s�s set fonh in the Nnu and any ta�rcharges.an instattment oF ang(al t�ces aad � ,--_--—
<br /> `��� . ' �a�essments kvisd or to be leviod against the Propc�ty.lb)i e a�e h o t d FalmteSts or g i o u n d a n t s u a t l x R a p e t t y.a n d _-�`
<br /> (c�Qtemiums for insutance required by Paragaph 4. � ';T ,� ._
<br /> r�g'_.:....'� . �-rAOnih1Y installmcnt for items(a)�lb)and(c)shait cqual ore-tweJftb of she annuai amounts.as reasanY6ly �; _ —
<br /> < - � ,: �by ixnd�. plus an�nwnt snfticient to mainta�n an addytiaial�alan�cc of aat a�ose tLats ono-sixth of tf�e K..•�. :: -
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<br /> r. es�iinated.amouttts. '!!�e fult annual amount for each item shal!be a�ccumutate�bY I.ender within a period ending one 7N�`_` -
<br /> =s..*�,• �,y�atb betore�item woa1d became delinqueat.. Lender ahall hold the amounu collected in uust[o pay itans(a),N}and �'�; � —
<br /> ;. �t��=-�..:x-s.
<br /> .� z; �'•1:•' '' � f�3 befas�tbty 6ecasne deW�quettt. • . ..•�-
<br /> � i� ::��;-:.:•: If at aay time tha taal of tEu payment&hetd bg Lender foo items ta).tbI aad 1c1,together with the future mor,thiy ,. �,,�a
<br /> , " ..�' , fa such itea3s payabte to Ixnder prior ta tha due dates of sucb items,exceeds 6y morc than oae-sixth the - :: ;F.;�;�r��
<br /> . .. �vffynta . e....r - . .:s t' .. �.-
<br /> ��•s�,.-.
<br /> F 'F'`;°:,;� ,' punmated amounc af payments required ta pay such items wpe�due.and ii Qayments on We Note are cumeat,tt�en Leoder . . ,
<br /> �� �
<br /> . �� sl�,�p�'sther iefiurd the eacess over ane-si�of the estimated payments or ccedit the excess oves one-sixth af the estimated " �`°_.��°
<br /> => ' h ' ', pAy�u to suLseqnent ts by Borrowe�at[!�e o�tian of Basmwer. If the tatai of the Qayments made by Borrower ;. ' �"
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<br /> . � fa;,itar�48).(h),or(c)is insufficcent to pay the item.when du�then Bmsower shal!pay to Lcnder any amouzn necessary w ( :�:°, `.��:K,,,;.;
<br /> ''t- �, ' tA�1ce up ttse de�cieney on or btfore the date the item 6ecames du� '' , - ' :;�.
<br /> . ` A s�cs e d in t i us Securi t y+i n s u u m e n x"S e c n K a�r"m e a n s t h C S e c r e t a n/a f H a u s i n g and Urhan Uevela p m e nt or his or her• ,' `' '.
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<br /> • '�-: - �'desigaee. In any year in whieh the i,ender must pap a motcgage.ins�uance premium w�he Sec�eetary.eacb montlily payment• � _ - � `�:�,.<_
<br /> -.;�: � � • en e . � �
<br /> • .� , 'spall�alw inctude either: �i)an inssaliment of the annual mort�age insutance remium to 6e d b Lertder to the • '"�=�° -
<br /> ;�;t,:., . p Paz Y . . ,�_;�
<br /> �;.�"�'��' . �taty.ar(ii)a monthlg ehacge ins t e a d•u f�a martgage i n s u r a n c e p r e m�u m i f t h i s S e c u r i g' f TM S m u n e n t i s h e[d b y the -
<br /> �t ' �SetarY. Each manthly instailment of tUo mattgage insuraace Precaium shall be in an araaum sufficient tv accumutate the } ` _
<br /> �•'� �` f r itl�a�mu�ual.#n m t g aSe insueaace premium.aith Lender one month pttor to the date the fuU a�ual mortgage insivance .
<br />:?�����'�j�' , � � - p,ssatiuin is due to the Secietary:or i f this Secwity Insdva�en t is h e l d b y t h e S e r�e t a ry.e a c T►m a n t h l y e h a r g e s h a ll b e i n a n - _� _=_�i;
<br /> E� _` :.•��: �.� . _�
<br /> 'ampunt equait�one�twelfth of ane-ha1f.peceent of the outstan�ng principal 6alance dae an�he Naaa. � �' ��„� •_
<br /> ` ..`��tf. � ' l f Hmmwer t e n d e r s t a�.x n der t he f u l l Q a y m e n l o f a l l s u m s s e c u t e d b y t h i s S e c u r i t y I n s u n�a e r'.s:Harruwer s account - -'i�..
<br /> � � s h a 1 1 6 e c i e d i t e d w i t h t f�1�l a n c e r e m a i n i n g f o r a l t i n s t a ll m e n t s f a r i t e m s(a).(b!aad (c)a��y mortgage insurance : • • _
<br /> ' premium in�tallment th�x Lca�er bas not become abligated to pay to the Secretary.and l.ender shall pmmptty re f u n d any ;. , , . �-
<br /> • excess f u n d s t o S o i m�V e G T�n e d i a t e l y p r i o r t o a�o r c c l o s u r e s a l e a f t h e P r o g e c c y o r i t s at quisition b y Lender.Borrower's 4. ;.,• , R�
<br />: r�� . .. account shaII'6e ecedited'wr�any batzaoe iemaimng for all instaltmentc for items(a).(bl a�nd(cl. � . . : - :�--
<br /> :".`: � 3.�RI.�s�tion otP�yments. A3I�Sments under ParaP,raphs 1 and 2 shall be applied by Lender as follows: , �
<br /> +'.��:`;. � , . ` �-�.�;�tne mortga�.��nsurance piemium to be paId by Lender to the Secretary or ta tite monthly charge by the '
<br /> �`..'i. ' '� ` , .`i � Secr�r.;�stead Qf�.�;aonihiy mort$age insurance premium: . ' L�
<br /> . "� � ' � . • . SECtL�Z�to an}�ta�e=,_s�ecial assessments.teasehold payments or graund rents.and fin.flood and other dazard ;', r ,
<br /> � i��rr,.�s�premiums�,as aequired: „-:•, �`�;
<br />..:'i . �.��Js,,.,tointecestdueunderthehet� . { . • '' r
<br /> � , � �U. -,to amonization of the p�nc�al of the Not� f-. •
<br /> ;;��:-.�.�;:.;,: . ::.s.'''�'�','.`�`;,:.� F�,�[i,c�r latecharges due undes the�ote. •
<br /> - • ' ;`:;;;,,<i'�:�<<'�' a.�ure,Flood and Othee Hazard ffr�rane� �e:nowes shall insure aU impravements o�t�:e i�tope�ty,whether now :� �,�`4�r. :
<br /> � ,��,i�:.';';,.��='• � �exisience or subsequently erected.against any t�z��.�.cativalties.and conti�gencies. mcta�.�.�•�re,for eT�ic�s.Lender ;:;, "
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<br /> � •.`f:,;-� �{�ics,uance. This insunuice shall be ma:.�cs:.-�e:��n Ehe amounts and for the periods ti�a�L:e'r.des requires_ Borrawer .;.7,.,,Y�'. >:j�_
<br /> �: . ,• shall alsa�a�re a11 imPmvements on the Pra�'.-;..�+:��:er now in existence or sub�uentIy,«:.�.agamst Ioss�y ftoods r�:,.>:•, j
<br /> ,.;,` . ' to the ezr8z:rquireA by the Secretary. �"-C�r�x s:�all be carried with compames appra�esi t�s,Lertder. The insurance f'; • '
<br /> pol;cie.c��.s.�y renewak shall 6e het3 a; �.ender and shall include tpss payable c{auses in favor of. and in a fortn. � �
<br /> • '. . acceptabte1.:..*..�.ender. �
<br /> In the event of Ias�t$orrower shall give Lerder�'nmediate aotice by muil. Lender may make prooti of loss if not �•':
<br /> • made promptly by Borr�A�.��. E.�ch insurunce eo�nFGn�-cancemed is hereby autharined and direeted to make payment far ;,;. �
<br /> sucb toss d'uectly to Lender.instead of to Boaower x.Y�to[.ender joinily. All or any paR of the insurance proceeds may be �;;-;,_,:: : ,.
<br /> ' � � � apptied by Lender,at its option,either�aL ro the reduction of the indebtedne5s under the Nate an3 this Securiry Instrument. ;�t., �" . .
<br /> :,�:�`:� , - ' _ � � � first to any delinquent amounts applie3:r the order in Paragraph;. and then ta prepayment �,t�rincipal.or(b)to the �� � ,
<br /> r � �; � testoration or repair of the damageA pre��.;f. Any upplication af the praceedc to the pnrtcipal tihzft not extend or postpone �
<br /> _�:�., _ ' fie dae date of the monthly paymenu which are refc�3 to in Paragraph 2,or change the amo:;:�bf sucb payments. Any ;.+,,f
<br /> i�,�tq� . ,:
<br /> 1',•= ' ;,,�.��FS.,t excess insurance proceedc over an amount required r,c�ay a11 ou4standing indebtedness under th:�ate a::t E�:�.�Security
<br /> •`':�<±;; :�,?���. • lnstrument shall be paid to the entity tegally entiticd tkereto. .
<br /> �' t' ' •• • In tht event oi forectosure of this Security (nstrumcnt or oth�transfcr of titlr to the Pra�rtg t:�at exc:rg�ishes the � . .
<br /> ��,'`�;��°r•� ' indebtedrv:�-s.all right.title and interest of Eortawer in and tn intiur:�.ws policies in farce shall pa».�the purchaser. f
<br /> - . , �'' S. Oce�apancy. Preservation, Maintenance and ProtectE� af the Property: Borrow�er's Loan AppNcatlon; ,
<br /> `:�lyi;�� ° Leaseholds. Boirower shall vccupy,e�tablish.and use the Prnp�::y as Borrowcr's principa!residence withia��xty day: � :
<br /> ,; ;:�,^�' _ after the exeeulion of this Security Insirument und shail cantinue to nccupy the Pcopeny ac Bnrrowerc princ:p<.:ses��e.*.ce ; ;,;
<br /> far at least one year after the date of accupancy.unless Ihe Secretary determines thi�reyu�rement will cause c:.���:'.hz:dsP,:� ';:;, .
<br /> �. �, � • for Borrnwer, or unless extenuating circurri�tance�cxist which ::ct l�cyond Barrowcrti ronc.�+:�. .Bnrrowe� �:n::l r.atifJ ; .
<br /> � ' Lenders of any extenuatin�;circum�Wnce!�. 8arrower tihall not cummit watite ar detitroy,dan.:,s=nr sulKtar.:ia:Ty char.g�: �
<br /> • tfte PropeAy or altow the Pcopeny to deteriorate,reasonable wear and tear excepted. Lendcr m:�� :�:��ect the Prageay if the � .
<br /> � • . Qropeny is vucant or abanduned ar the toan is in defuull. l.ender may takc rcati�mabk action���:csiect and���e�erve such � ;
<br /> • " vacant or abandoned Propeny. Barrna•ev shall al�u be i�s default ii'Horrower,duting ihc I��a:�p�licatio:t r,�.-cr�,cs,gave i
<br /> � materi�lty fatsc or inaccuratc infortnation ur titatcment. tn Lcndcr (�+r f'ailcd tn pruvidc I.endcr a•iti �-� matcrial
<br /> , .,''. ' infarmatian)ia ronnection witb the tos.z evidenced by ihe Nutc. including,but nat lim�ted tu,-,:p;euuntution�conceming
<br /> ;t'� gorrower"s oecupancy of Ihe Ptc�pert�a..�prineip�l�C�idcnce. if ihi.Sccunty lmttumene i�on a:saschold.8arrawer sha11
<br /> � � ' �-��' compJy��rh the provistanc of the Ie-.:�.. I1 Bunower acquire.P�r�:�t�u�the Praperty.the Ica�;.:^�fd and fc�e title shall nat
<br /> !`' br t;T.cgi�#a�lec�l.cndc7 agreeti tn the��rger in writing. '
<br /> � 6. EX�ey to Boa�a��sr�nd Yrntectlun oi l.ender`s Lii.�e�:ro th�Yropeu�s. $anmvcr shall pay all g<�vemnter.:z3
<br /> ar mesn'rcipal chargc�,fs+:•a�d impo�itiunti that:uc nut inc2u�Scd'«�arugraph 2. Burtowcr yhafl pay the�c obl,g•4tinn,ti>�
<br /> ; rime dir�,:t�p.'��he crnii; Khich is owrd the payment, lf failur�t'v �ay wuulc!adver�ely affect Lender� ;rr;�.; in ctrr :
<br /> '�� Y�operty.�m'�Lender's r:yue�t Borruwer sh�ll prompily fumitih tu I..�:ader receipts evidencing tlr_.c�W}rn:;Q�.c:
<br /> • � `� ` ' lf 8�m;:�er fai14 to make the�.c p�•rymcnts or the payment�n�;�irrd by W.�rograph 2,or f����:�y�e�r,� a�y cUier .
<br /> .,`�:',;. covenants�.:c"agteemc::��rontai�cd i�this 5ecurity lnstrument.cr ttierc i�:�lcgal pr�xceding;l?:.r.r•-�y���-,kantly uf1'ect
<br /> ••� � Lender's dghts in the Eyr,perty t�uch us a procceJing in bankruptcy,for c��niicmn;�h�m e�r to�rtt�;tc:.�.:���r c��utatu�no). ,
<br /> • � then Lender may do aad{rdy wb�tever is necekti•rry tu prutecl thc valuc af the F'roperty and l.ende.��•.:`������s1-=Pmpeny _
<br /> including paymem of tnxeti,ha�ard inyur:uice and othcr items mentio^�d in Paragruph 2.
<br /> �, °:- My amwnts disbuned by Ltnder un�ier this I�aragraph�hull i�-..����e an udditic�n:�l dcbt c�1��nt�wer:�nd he cecurcd
<br /> by this Security 1nsWment. Thesc:tmoants�hall hcar interc�t i'tc;an ii;e date nf dishuncmcnt,ut thc Nute r.�te,and:r.thc
<br /> �' . • � option of l.ender.shall be immediate{y due;uid payable. .
<br /> � _.____ , _ Z CoademnsNbn. The proceedv uf;u��.�ward ac cl:�im tor d;�mage�:,direct or cnnseyuential.in conncc�iun with:m}
<br /> -------� ,. • ` - condemnetion or other takmg of any pan of u�r i�opect�.c:r fc�r e.�n.r-ance in plac�e i�s c�ndetnnstit:n,arP hrrrh�r:��.i�•n�•d -__ _
<br /> _. _ and sha11 be pald tu Lender to the extent of ihc full atnuunt of the indc�tednrss Ihat rcm:rinr unpaid undcr the:V��tc:utd thi�
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<br /> � � �� � � Secutity Instnunent. Lcndet shal)appiy+uch pr�x:ecJc tu thc r�duction of thc in�ebtedncs�undrr tkr tiu�r e��th�,Sceurity • �
<br /> �! • InsWmenL lint to :iny tiellnqucnt amo�ty applird in the nrder providcd in W�ragraph 3. und then tn prepaym�nt��f
<br /> ' ' . � . . • � prineip�l. Any :►pplicarion�f the proceedx to thc principal .hal! not rxtend or�x�stpone th:dur date eP the mnnth{y
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