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<br /> _ ` L.'�,�.t�t rrt.ei�.f..Wd+e�c a.a�.re CM.r�.�'R��w p�:���a'��"i uF.�oa i�e�oo, � :
<br /> ire de�tsr�deelxd b!►tbel�a�a�d 4tcc�r�sdue aader tLe Nale.;;:,� --- .
<br /> . ���A�e���e�ts d 7fure�,I�wra�ce s�i��liier Cinr�r► .Baav�vet s�r'`,u�clude.ir��!�Y P��
<br /> .� � �o�ed�er.vah dr�prmc�pl ana�a�aa cunh iu t�e xole.�Ir;ii�Y.t�N;�:�R�menc°of anr ts)turs.a�i� , .
<br /> ier �nts un t6e Ptoperty.aad
<br /> apeciat�kv�ed ar tv 6e kvied a6aiast t1�e pt+opec�y,lb?�tWd�qn�IGd�:�.� ,
<br /> (c)pRmi�s far ios�aaace t+aquf�ed bY�ara�apb 4• '' @yG aaaaal �mow�ts,as ieasonablY
<br /> w�
<br /> . Fxh moot6ty�octaWna�t for ite�r�s(a}.tb)and tc}sbsll a��tw.e�flh:o�:_ -
<br /> �m�fed b�r l.a�deti P�us � amauat�icient tu trnintsln w bRtaac,�:.trF not moie than 000-sixth of tbe .
<br /> ' esam�ted amouots. �Tde fu11�onuil am�ount for eaclt i�m s�nli�4iaccwr►wl�ed�ts�dcF withio a�iod tadia��ne ,
<br /> . trao�1�efae m iteo►Wadd becamc delinquent.�_I�r sha0 hokl�,�amauMs.cal[q�fd�n uust w pag�tems(a1.tb)and
<br /> . ' (e3 befo�e they become�de� ���y Le�det for ii�s ta), if � ed�er with the fuhue nwnthty —
<br />- - lf at�ay t�ne the toai of tbe p� (b)•�! 4r1�► --—
<br />=-= _ pyments for such�ems paysDle oa�priac t�the d� '�.Rt�f of.such•it�m�,.�bY �than ooe-sixti� the . _
<br />�`. . es�ed ano�ax of psyma�s tequit+ed to paY such items whe�t du�and.if Pery�ttt�$a th Noie ate cu�teot,that Lender _
<br /> a-� . s6�D.eiti�er,refu�W d�e exeess av�r aoe-siatb af ttre eshmated psYm44'�s or.ct+e�it�d�• over ase-sixlb of the acumatod` . _—
<br />_= � . P�Y����P�Y�!�M►BaRawer,�t the aptiat of&Mi�M�n� If dr� , ����16e payments made bY Boaewec _—
<br />�'�i �fOf 1a:Q1�i�r���d[�C�IS 1[�I�C�T![t0 Q�y�!G IT��Y�Ip1�s 1�.���� ,�.,�T'�'71�C'm�f�7fO01lOt MCLSS�y 1Q .
<br /> m�he up the deficiency on or 6efoie the daot the iuem hecanes d�e.�:: �Urb�i Deve t or his or fier v= _
<br /> �he
<br /> As axd ia t6is Socmzcy tnsaument."S�ta�'"rtxuis the So�e:tasy.of.Hou.sittg�. �°P�� ' , _- _
<br />� ` 1n any year in wl�ich t6e Lender must pay a mo�tgagc insWr.�e P�srniutn.W9 ., Soc�ry,e�c6 monlbiY WY� ' '="
<br /> _``� . �i a c t a d e e i t b e r: G) a n i n s t a l l m e n c o f t l s c sianual m o r c g�g C�a.��um u�6e paid by I.ender to the �_
<br /> agc �
<br /> S�eqry,ar tii3 a aionthIY charge.instea�of a moctgage insur�e P�emitm►:af,tt��"��SecuntY Instrumcnt is beW by the :�•;t:�?�-_
<br /> �..���_--
<br /> � � Sa�etuy` Each manthty-i�allment of d�e moetSaBe insar�Ce P�4ium.shaltb�iu,aq��ount s u f�'�cieat to sccumutue the , u3 i:,_-��
<br /> q1� _.
<br />. ��u�moitgsg�c ita�ce piemium with Lender oae•�itaatti;�tipr.to th�dM�;;t1�e full annual a�ortgage a� -1,�---
<br /> , . premiiun is due w the SceretarY:or�f this Sacurity Incu�is b��d 1�the Se�etar.5:�pcb monthly chaige s6aU be in an . =��..-�,�Yz
<br /> `�=r^s :,
<br /> , ._ . amount equal to aje-twditb of aoe-haif peaceat of the ow�S.�i���on the Notc. •�-.-_::'
<br /> : • If Balower tendeta to Le�der ilte full paymrnt of ali'siuns;�ecureid bY,this tp It�suument�Hoimwer's account :LL -:>_ -
<br /> �� � slu�A ba cnditod with the i�l�ce nmaining fac afl u�yat�tst•for.titcros-ta)„l(►�;�(c)�ad any rtw�tgage iawr�oce �r��:
<br /> '� p s�i u m lartalhneat tl�t L.erxkr`Ir�s not bocame obligata�tcr�a�to tt�Secrt�ty.-Aq�1 Lender sh�U p[amptty nefund an�r ._'�;`=.�
<br /> � eacess funds to Borrower. Immediauiy ptior to a foreclosare�sa1�of.lhe Acupe[tY�or.,4ts ac9uisitian by L e n d e r,B o rt ower s .: _�
<br />__�: ' accamt si�all be c�edited witt►any bal�rei�n�g for aU instaltr(�enta fec items fa):.�[b)aad(e). , �.��:_
<br />:. - - ' � ppplia�f�tio ot Faymeots. ADlpayments ander ParaSraP�:i.l t�itt!���iAlk he ag(�tied by Lenl"eiiss foltows: - .. ..
<br /> • �$T,to the martgage inswance premium to bo paid bq Le�der to t1i�Secretaq;mr to tf�e mori�ily�charge by tf�e . , �,s
<br /> '� ,;,�,' Sa�tary instead of the rsjnuthly mottgage uisurance ptemittt�l: ; ` _. .,.;;-,:'�
<br /> � ._�;'':��- �yQ,to any tax��.ial assessments,leasehold pay�lents or�raund r�►t�;;��€£�.-e,t1ooA and other hazard , .,_,:��:
<br /> � r� '` ' ��Q,to�tenstduc urni'���Note: ' • - � �•�=`'.� '�:`_-�=
<br /> ��`- �jjg�}j,to aiiwruzation of the principai of the Nae; : ` ;' . ` < ; ..�" �
<br /> ,
<br /> <=��,- _ �',�,, �,to late charges dac under the Nat� : . ':�-:.�:,:F,�,�
<br /> � 4. F �7ood sad Ot6te Hxrstrd I�aranca Borrowes;�hall insur�al!imp�Vements ort the P�perty.whether now �
<br /> - •- ' ;a�;��or subsequea8y erec�d.against any hazards.cas�wlties.and coat�tge��es�including€�.�for whictt Cestdc� ,-r.`z.�,�: �-,�"'�•.�
<br />• � .��:;`':";`' � mgiisss uisurance. 'fhis insurar�ce shal!be maintained in ihe amaunts and focihe.�riad�that Lender requins. BQUCSwer .. ,,., ,;;`.: �-�_„A.
<br /> ._ ..'-, whether�aw in e��teace or su tty erecced.?gainst loss by f3ood's , ,;,',�.`., - --
<br /> `��: -�,: . shaU slso in.sute a.t��npcovements on ti�e PtoperiY. ��'� , � �
<br /> ' to the eatent�rti�tt�y the Seeretary. Alt"snsurance sha11 be cacried witit�cort�paa►`�s approved lsy L.eff,.sr. The insurance � �`�.�._
<br /> ;_. :'. ' ��;�a ��y r�wals sh3t1 be held by i.ender and shal(iinclude loss paya�e clauses in fa�ar of.aad in a fotm � - . '<T ��'
<br /> � •°''''' ecCCp[Sble t0.LCtic�l . • : . , • ��-�
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<br /> :: S . � In the event of loss.Harnrx�sr shal!give l.ender immedi�te natice by maila..ixn�er may make proof af toss if not - ;;;:;�.�. ��''-���
<br /> -'<'.7 :h'Y-. . �
<br /> �� made pcompt1y by Borrower. Each insu�ce campany concc�ted is hereby authti�GixeA and directed to make payment for _ :?�:.r:• ��T�;-°
<br /> ;:.�':,''; .
<br /> -.}, -.�..•: sucb loss directly to Lender.instead of to Borrawer and to[.encter jaintly. Ai!or,arty patt of the ins�acs prnceeds may be •.�3
<br /> , .�.,R ..-; app tied by Lender.at its opdon.either(a)to the reductian of tlt;:indebtedns�s uadlir the Note and thisSecarity Insmunen� , ��_-
<br /> - • � • 'f u s t m arty dclinquent amounts app li e d in t h e�o r d er in P�a�ph 3..and thna..t@r.Pce pa yment of psiir�pal.or Ib)to the .�.r
<br /> - '*-:_:;K Y ;;�'. ' `� ci��ration or repair of the damagtd propeRy. l�ny applicatian uf the proceed,g tc?fhe principal shall tuzt�atead or postpone _ . ��3=�{�
<br /> � .�.y,.:•:.
<br /> �' '"'"�'`` =tfse�.�ue date of tAe monthty pasmen�5 wh►ch�re refened to in.N�rugaph 2:ac chunge the amaunt af sireh payments. Any . • :; ;r<
<br /> _ n j�3^�`!."T , . . .. �
<br /> f:�;�'=_ exc;ess inswance pwceeds aver an nmoun�r�u:red to ay a31i4u�uand�ag �nds6redness undcr the Note and th:�.�CCrity "�'=:��
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<br /> � �'� • Instrumeni shall he paid to tlra entity legalty er:titled thcr�ta. •.�,•_�•�,
<br /> � �",''���`� , In the evem:af foreclosuce of Ihis Securit�lnsuument or;other tr�stsfer af,title ro the Prape�s�tf:a3 extinguishes the : "
<br /> , �^�.;�>. •. � _ ;
<br /> �"`•' - -;�.'° indebtedness.s:lt ri�t.tide and"mterest af Ba;rower in and to inyt�mnco pnli�-ies:in farce shaU pass ta the�purchaser
<br /> '��1, �,``.�� >: ;`:=' S. Occu�cy. Preservation. Maintenance aad Protflcii�rn uL tt�»�Ptnperty: BorrowePA Lo�n App�kation• '
<br /> ' `�`-�'�'�� rrower shall occu y.establish.and u�e the FKnpeny as S�rtc►wer�pnncipal residence within sucty days ���"�''
<br /> '. y�t�:•� ._ .
<br /> �� aft�cu�On of this Secariry instrume�t and shall cantinttc tv�xxupy.th�,Propeny as�orr�wet�principal res�dence `�---••
<br /> y ��'T:� • � for at teast one year after the date of accupancy.unless the Secratary dotermmCk•�hi�:requirement will eaase undue hardshiP • .
<br /> :'�:-,��.��•. • .
<br /> _�-:•�; � '1 • � for Borrower. ar uniess eztenuating circurtistunces exitit whi��h are beyortd=8orrowcr ti control. 8orrower shall notify f
<br /> � �. l.enders of any extenuating ciFcumstances. 9orrower�hAll no�,commit wu:+te:f�r d�wuuy,damage cr�::bstantially change .
<br /> • , �, thc Property or allow thc Prapcny ta deteriomte.rcaranable wcar und tcare�cc�tcd. l..ender mtty in�pe+:x thc Prapedy if the �
<br /> � � Phoyerty�s vacant ar.ab�ndvned or the loan is in Jefaull. Lcmier may takc na���b►c�ction tu pratea:t and preserve such :;;
<br /> '. , � • v3cant or abandoned Properly. Bnrrnwer tihall al.ro be in defautl if BorrE�vicer.during the lo;�n application process.gave � ,.:�,�;��
<br /> . • . mrGeriall� fatse or inxcur3te �nfoanation ar �,tatementti to 4.ender los:fai�CJ ta pruvidr l.cnder with any matenal . ,
<br /> • • informat�vn)in connection with thc loan evidenced by the Nut�,ine:tuding.,but nut Nmitcd ta.reprev;ntations conceming . ':%�:r' . .•
<br /> � .;,,�.�': • Boaawer's accup;utcy of the Pmperty as a�r,cip�.�l residenrc. If�thi,r Seeunty In.rtrument i�an u lc�.v:iiold.Borrowes shall • . ; , •
<br /> , • �• comply withthe provisians of the leusc. If A�Yrc�wer acquites fce titld�u ih tl Properly.the tc•rschutd ar+r.i fce title�haU not
<br /> bc merged unless Lender agees to thc mer�er ic�writing. `'
<br /> � � ' 6. Charges to Borrawer aad Prote�txin o�l.ender's Ri{�is M tht<Praperty. i3nrrawcr tihail pay all gavemmen[al �. '�::,';' .
<br /> ' � • . � or municipal charge's,fines and impositin�t�.ctrdt are not includcd in Pnrngraph�. 13nac�wer+hail pay thesc oblig«�ians an �� • • .
<br /> 6me directly to the entiry which is owcd_t�4 paymenl. If fai[tfre tu pay.would udvcrscly affect l:�ader's intrrest in the � .
<br />• � '• � Property,upon Lender's reyuest$oaower shall pramptly fumi.hlv{.endat receipt�.rvidencing these-Qv;�mentw.
<br /> .r.. .� If BoROwer faits to make thcse p�yrrten.y or thc paymcniy rcyuiccd by W.iragraph 2.or fails ro Qerfvrm any ��ther
<br /> = eoveaants and agreementY cv�tiU�ined in this Serudry Insfrument.pr therc ic a Icgul paxccding that may��gniflr�n�ly ssffect .
<br /> �. � �� • � • Lender's rights�n the Property(sych as a procccding in bnnkrup{ry:fur cand�mnution or to nnfnrcc taw���r regutrtian�l.
<br /> � ' � then I.ender may dn:u�d pay whatever is neccssury t��pn�tece tft�.v;�lur crf the PrupcA�•and f.rn�irr's rightr in the PrnpeAy. . . •
<br /> � - - � - - � incWding p�yment of taxes,hazard insur.u�er and othco item�nscniiancd in Y•.u�a�uFh.. . •
<br /> � Any amounts disburscd by Lcrxfer under thiv P'�r�graph tihallitxc�vu�:m addnwn:il drbt��f Hurruwcr mtd br ticcured
<br /> ' � ' by,this Secutity Instrument• iftese�maue�s sha3i i�cm�nte�c+r-fro�n iF��fatc t�t eii�hurtement.at the Note rstc.and ut ttte . ,
<br /> , � ' . option of Lender.shall be immcdiatety due and payabte.
<br /> . ' 7. Coademn�tinrt. 'fhc prtxccAs�f:iny uw;vd nr cl:um inrd:urr�gc�.direct.�r cm��cyuCn�ial.in c��nncction with any •
<br /> � ' rcndemnation or othet talcing of any patt of the propedy.�r fi+r cunt��}•ance in pluce fi cortdemnutiu».:uc I�ereby:�svignecl '
<br /> •� • � and sh:tll be paid tn Lender tn the extrnt��f the full atnuunt uf thn itidubt�Ytnu�c that rrm:�in�unp�aiJ unJer ihr Nntr;u��i th�� .
<br />____.,;�-: �_'__.____.-.: .Seciirity 1+�+�� lasider shalf:�►ply such prucecdq to thc rettu�uvn uf�hc indeMcdnesa under�he Nute:utd thi�5erurity _--- - -___ -
<br /> ' lnstrnme�t. first tn:�ny deiinyuens amauntv:�ppiied m the uri�cr prcjatd���i in f:t�itp�ph ;. an3 then tm .,yns�nit of --- -
<br /> . yrincipal. My appliratiun of the pmrerds to thc princip;,!sha11 nnt rxtcad�+r iw�.tponr thc duc datc oi� e manthl} , .
<br /> .. ` _ _ - �ru.��:�,fo>>d�r.,r . . . . � '.
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