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<br /> -- . �. �ONI�y{1�y�fWl3at!«$!R�'$�SE`�l�d�t Ba1COWR`t�1lAlT�tiC IT!�1[riflIIi�y�t► � ' /
<br /> —. togtther cvttTi the p�iucipsl a��.te,�ast as set:fott4�in tti�'Nota�y.iasa�hatges�.en�t+o�ao�i(a?t�tes�nd
<br /> speci�t as�nts Icviaa aa w ba.Sa�d ag,tinst t�e PROpert�►.(b)seas�hNd�s or g�ound tea3s aq the Hro�ertg.�tld . � .
<br /> _ (c)ptanIsuns faf icrosure�nos��sg�m�cdtr�►.Paatgr�4. � ' • ' �
<br /> 8ad�u�thS��.�smltmeat•fQS ite�s.tA?�:(b)sad tc?��s�a11�al o�e-twelfiA.nf the anaest a�naunts,es�aDly
<br />- � ��mao�H�n�L��pIus an amtoua.t suft'i�� er msintain en ed+didanat balaa�o�tiot mae tbas c�a�sixth of�the
<br /> - - es�ea:ecl eraa�►t,c. 'i�fvll asmasl emoent far eact��tem sball be aceumulatW by trender within�petta� a�a
<br /> - raentU�befu�sa ice�wauId b000me drltaqc�.pt Le�d�r shaH hold.ffia ancauais s�ltectati�Ci trust to pay item�(aA tD �
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<br /> ; ` If at any time t�tatal of�hs�t�Id by Leadea=�.u-faevna t�3.tb)end(c)..to er witIt the�tiae,.�maBnrhtY
<br />- - payntenss fas ssrh items payable to L�d�r pstar to the due datcs of s�ch items.ex Dy moie ti�aa�tt� �
<br /> -- ' estimated amauai of I�Y�a�4�m sur.D items w�R due,and if pa. �ts ot�the Na�aie cwreat,th�i LZnder'
<br /> - — sha11 eitt�s refimd r�e exoess over o�•th�esdmated pay�nts or�the excess over oae-s�nh af ta�e�nate�
<br /> �. �aym�m snbsaiu�s P,aY�ua bY 8asmtixes.at die opttan ofBnnower. tf the total af the payuue�made bg►BoRawtc
<br /> ; fas item ta).l�).ar(c)�S tns�dau ta p�tb�item�when due.then Bomower shall�y�Leand�any amoimt n�ty w
<br /> ma�e up t�edefiaeury on as Deforadp da�9�itQm baoomes duc.
<br /> . As uud'm tIl�Saruity Insttum�t�."Stsoae�y"means tl�Socnet2�of Mausing and Uiban QeveTc�meat or his orII� .
<br /> d In any.yeac in wTur�tb�I�st4ta.mt�st psy.a martgage insu:anoe paemium ta tIte Seaete�+.escb monUtiY PaYm�t .
<br /> �inrdode eithe�: (7 en-iast�ltm�ns�uf the annual mottge�e inswance piemium to he paid Dy I.en�er oo tt�e
<br /> - _- _ -- SocretEry.o=(iu�e mOBthly dL�+e t'tt5te',3t1 Of e mortgage insti"anoe p�utD if this Se�urity I�st�nmeal is 6',1d 6y the
<br /> - -~ �!►. Besb mmnthiy ias�ltai�.af tt�atartga�insurance pmminm shall be ia aa amauat su�.ieat o��Iate the
<br /> —�-����, fa[f euaual mo�ge insuraace jurmium,w65th Lender one montb priur to the date.the fWl`annaai mortgage i�a.siaaaoe
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<br /> .< . : � pseauiam is dae.m t6e Se�etary;ar if ttds S�nuity Iostrument is 6eid by the Secretary,each month3y cha�ge shall De in an .
<br /> ���'�k��=.� ��=�', amauat egnai m aa�nveifth�ane-baKp�t of tt�outstanding princ�pal Dalaa�e due on t�Nate. —--
<br /> -._.:�. ' If Ba�o�teadzss ta La�tder tHo.fuUp�y��at of ati sums secured by d»s Se�tt'tty Iasmanmt,Bmroarer*s acc�ni .
<br /> —��-�-= sball 6e cn�ited aritb the�Starnoe�emaimiog far all insta]Imeats for items(a),(b)and(c)and any mart�ge i�raaoe-
<br /> �= '� p�ania�m�nt ttnt�t�as uat�Aecome oblignted w pay to_the Secmtary.aasl Lendsr s6aU pmmptty.�t any .
<br /> �''�°'��"...-� ezc�ss ttmds�o Barto�vcs.�r�ias w a foiecIosure sale of the P�operty or its aaquis�ition by Lender,8�'cs�:. :
<br /> . ;.;,..; ., . . .
<br />- =�•:'�:��=�Y`�°� e�nun3 sh3}f 6e csedited wiiT��issy bala�e r�mia�ag for all inssilllmenu for iteaas(a).@?and(c)• � . _ � .
<br />��:•�;:°'„r=;t•. �� � 3.pppl�qtfan n4F�y�em49.Aii�3,ymet�ts under Pa�a�aphs t and�shall be applied by l.ender as follows:�=�:.: ' .
<br />� � :n. . _ ,�,;,, ; .
<br /> —. � 'o.;��'* .:, �:'. : F��ta th�m�oat �ttance p�+aium to be paid by Lender ro t6��e�tyror w the montWy charge bq:tta����. �
<br />�`'s�:"" , . `:v . � �ast�ad�t�t{s�Shiy�mortgagelnsnranoep�um; . . : .
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<br /> �_::,;���;`"<'` _ ; ' assessmc�ts,teasehotd paym�ts ot gramrtd�aad fiie.ftood aad ottter�_
<br /> � . .n �$�:taanYt�:��
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<br /> �:�':..•: �.� :: . �;td�tion.of the prfi�cFpsl of the Note:
<br /> :,. �:. ',i.,:. �::r�>�� : �. . � ---
<br /> °;� '. ' ` ; �a�st��s due under the Note. � --
<br /> � '.Myv IY�;�� ' ' -_
<br /> .�.:::,� :,,: }� :. :�;,; �Ftuadd'azid�lb�ee'Ha�ard Iasuraao� Bomnwer shaU.insu�all impnovemeats on the Pmpeny,wkethernow - -
<br /> . "�-�''.,','" ' � im�eadstence o�su�esequp�8y csected,aga� any hazards.casualaes,and conting�.including fire.for which I:ender
<br /> ' ;�. ,4 " ' � � .mguiles iasuranc� 7Tris insur�ce a h a l l b e�maintained in the amounts and for the periods Wat I.ender�equires. H�rrower -_-_
<br /> , �,,•�:� sbll�aisa insut+e aU i ve�cents on the P►vperty,whether now in existenre or subsequentty erected.against Wss by floods _
<br /> � to the extettt�qtcirei�the Sec�etary. AU insurance shall be cazried with companies approved by Leuder. The insaranoe =-
<br /> - � policEes and�any��ewals shall be held by Lender and sGaU include loss payable clauses in favar o�and in a fonn _�__
<br /> . : ' _ acGeptableto.•Lestder. �•.,.,,s,
<br /> _ - '�� ,: � �:'�:
<br /> ` •r. In ttte evene of lncs.Borrower shap give Lender immediate notice by mail. Lcnder may make pmof of lass if aot �,,q�,G�.*m:._
<br /> > a...'"� .t�=.�• � m3de ptompdy by Boimwe� Fach inswaace wmpany concemed is hereby suthorized end dinected to make payment for •>�,41;�;�::�:
<br />_- ': .„. sucA loss directly w Lender.instead of m Bomower and ta L.ender joindy. All or any part of the insurance prooePds may 6e ___-
<br /> � � � ,•a`� •� app lied by Lcrtder.at its option.either(a)to the reduction of the indebtedness under the Note and this Security Inswmen� ' � -_
<br /> �` a�. . •� first to any delinq�uent amounu applied in the order in Faragraph 3.and then to pm�ayment of prirtcipal,or(b)to the " -
<br /> ,. .'',.
<br /> , ' �estoration or repair of the damaged pmpetty. Any application o f the pro c e e ds to t he pnnci p a!shaU not eatend or postp�me :-,�•�__
<br /> : � . � t�e due date of the monthly gayments whicb ate c�efemeA to in Pa:agraph 2.or change the amount of such paymenu. My ' ,:G;,_
<br /> ; �• ." ' � . excess insurance proce�s over an amount required to pay all ouutanding indebtedness under the Note and this Secwiry ' .';r�� �,_
<br /> ' ' • Inswment shall be paid to the entity legatJy entitted theceto. �'-`�+
<br /> � < ' , In the event of forectosure of ttus Security Insuument or other transfer of dde to the Prvperty that exdnguishes the �__
<br /> �� •'` • indebtedness.all right.ti8e and intemst of Borrower in aad ta insurartce policies in force shap patis to the ptu+cRaser. ; •'�
<br /> ' S. Oocnpancy, P reservat ton, M a t utenance an d P rot e c t[on af the Pmpeety; Boerower's Loaa Appilcation; `';��'
<br /> ' � � .<� ;� l.ease[totds. Borrower shall occupy. establish,and use the Propeny as Horrawer's pnncipa!residence within sixt�r days �;�;;:� ;;
<br /> " . � after the execution of this Security Inswment and shall continue to occupy the Pcoperty as Bomnwer's principal�dence ;�5;�:�,., ;"_ —
<br /> � • . fot at least one ear after the date of occu anc .unless the�ecre deeermmes this u�rement will cause undue Lzardshi `` ''� '�' ��
<br /> . Y P Y �Y T�1 p t. . ?� .,. g.�'.
<br />- '" '� for Bomnwer, or unless extenuating circuryistances exist which are beyond Borrow•er's conuol. 8orrower sha11 nodfy . .�,�,.
<br />��;, �; '. ' Lenders of any excenuating circumstances. 8orrower sha�l not commit waste or destroy.damage or substaatially change � � � �� �
<br /> ?. . _'. " the Propercy or�ttuw the i�roperty to deteriorate.reasanabte wear and tear excepted Lender may mspect the Praperty if the �
<br /> - 3;'';�� . Ptoperty is vacant or abarc�v.�d or the loan is in defauft, i,ender may take reasonable acdon to protece and pre�n+e such � .
<br /> ,. . vacant or abandoned Properry. Borrower shall also ba fn defaalt if Borrower,during the laan applicaiinn�rr�ess.gave . � ; ' . �
<br /> �'S• ' materially false or inaccurdte mformation or stateme�is to Lender (or failed to provide l.ender wah �y matenal �,: • . '
<br /> �' s t- '. ' ` informatIon)in connection with the loan e�•idenced by the Note.including,but not limited to.represe^�z�v�eormeming ��, : • . �
<br />_ �� Boirower�s arratpancy of the Property as a principal residence. If this Security Instrument is on a lezs�ho2d.Bormwer shall � •�''
<br /> _��, • � • comply with the provisions of the lease. If Bortower acquires fee title to the PropeAy,the leasehotd and fee title shall not ,
<br /> j; , � � be merged valess l.ender agees to the merger i»wpting. `� �
<br />- -•..'.•�- : �' � ` 6, Cl�s�es to Bomaw�r and Protectlon of Lender'S Rights in the Pmperty. Borrower shall pay all governmental '
<br /> �,..�,::.
<br /> Y:l;=�;;��:�;�;;.;. or rnunis3�c�rarges.fia.�s asr!impositions that tire not inct�ded in Paragrsiph 2. Bnrrower shall pay these ab}�gations on i;,, .
<br /> Ps re
<br /> ��`'��'t'`�`'''`"'� �., ti�rte diracdy to the entiry �tich is owed the paymer�.� Ef failum to pay wouid adversely affect Lender's intecest m the • •
<br /> 3.�. ..,a�;... , .
<br /> �, Froperty c►p�m�..ender's reqaest Borrower�h�a11 proa:p:lg fi�mish to Lertder receipts evidencing these payments.
<br /> � �•'' ' • � If Botm•aer fails to make these a °r.ts or th:payments uired b Para h 2.or fails to orm an other .. .
<br /> P Yn'- �4 Y S�P P� Y
<br /> '` i�: •,. : � covenants end agceemeats contalned in this 5ecurity(n:uvment,or thece is n legal proceeding that may sigiufcantly affect
<br /> �t ti�`• ,• . Lender�tights in the Pmpe�ty(such as a proceed'cng i�is:nkruptcy,for condemnation or to enforce laws or regulattonsl. ,
<br /> `� ' then Lender may do and pay whatever is necessary tv prvtect the value of the Propehy ssnd Lender's rights in the Property. -
<br /> '�` . • � � including payment of taues.hazazd insurance and other items mentioned in!�'aragraph 2. •
<br /> � • � Any amounts disbursed by Lender�er this P.sra�raph shall become an additional debt of Horrower and be secured ,
<br /> ��� . • . by thls 5ecuriry lnstrument. 'i'hese amounts shall beaz�ntemst from the date of disbursement.ut the Note rate.and at the
<br /> "+ � -� optioa of Lender.shaU be immediately dae and payable. . •
<br /> �� 7. Coademnatiom Tite procePds of any awstrd or claim for damages,direct or consequential.in connection with any
<br /> �` �"`� ` condemnation or other tatcirrg of any part of the Property.or for conveyance in place of condecanation,are hereby assigned , � � ,
<br /> . and shall be paid to Lendc:r to�e extent of the flill amount of the indebtedness that remains unpaid under the Note and this ��
<br /> '•� .� .'�" •�• � � Securiry Instnunent l.eaQer shall apply surh proceeds to the reduction of the indebtcdness under the lYote and this Security
<br /> L�strument,f�rst to any dellnquent amounts applied in the order provided in Paiagaph 3. and then to prepayment of ° .,
<br /> ' ' prin¢ipal. Any applicaation of the proceeds to the principal ahall not extend or postpone the due'date of the manthly ' �
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