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<br /> �:�4..:'.;, ti.�, 1. t otPei�ts[pai,�n�er��6u►d tate i'fiarg� Brnsower shsil�y�vhea due the p:incigai ef,aad inte�est am .,�
<br /> �=�;��; ::.� � -=�t��� � - ' .
<br /> - -- --. ct��nnde:_th�l�tote.---_-.-=---._ .. ..
<br /> .,��:�=-�,-�°�:�4 a. Monthly�atiyntents of 7�tea,Itosut�cece and Other ct��. �����r��
<br /> '�-r..:,���:�;
<br /> , ... [ngethea with the princiPal aQd iatecast as,set fush in the Nate enp��a..dsar�s.aa in�t oFany(a)ta�cesg�
<br /> �`r ' sp�i�l e�ti�9 IevlOd osCD 6C lev�8$�s����Y.(b?teasetloDil�ts or gmun�rPnts oA tlie Pcnperiy�t}u� �.
<br /> •:,;�.�t����•g �c)p�emiumsforinsuranoe�equire�lbyPatag�aph4. , �. � , � �
<br /> ��°�;,,_�,,:�:-��;: >L��� Each manthly insmllment for�itcros(e);(b)and (c)shall ecNal�a�t�re1N+�1�e�� � `° � �►�5► . .
<br /> �y:'°.a.,,;-k . ' estimated�y Lender. plus an amount su�Caent to maintain an adtt�tcm�.al:h�a�of not moce tt�an oae-s�uth oY Ehe �. � �
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<br /> . �.�t: `,,' -�.-:";., esti�eted BIItOlmts. 7�e.fu11 atlIIUa1!81riQWix for e� item shtill be 8�it1lS&SCd dy I.e�tlea withist 8 psri0d aatC
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<br />- t�•�.: °� �-,� �� monffi befo:e aa ite�m�uould�Became delinquen� Lender shallf[atd�e am�ts�coitecied is trt�to p�#s�{a�end
<br /> - -� �--': . . (c}lsafo�t�y become delinqtt�t;• - - - - - -- - - - - - -- - ,
<br /> � - If ai eny Ume dte�tatabof tile F�yinents he2d by L�der for itans(��.(b)aud(c).to anti-i tfie Ruute mond�y -
<br /> l � :": :z'.�. g�aYmeats for such�{te�n&payatil�to�Lender p�ior w tha due dates of'��ftzmas. ex�mose tha�t ane-sistII We
<br /> . a
<br /> �f .`'�� �_,�:' estimatad ammmt af p�ymeats�+equired to pay such items when dae,an�iYg�r�snts on the Kote ane c�ureat,th�Leader
<br /> - ._.'X .`` .�.�'`. shall either re n�d the excess over one-siath of tRe�as�d paym�ents oa�cred�t�e�cess over oao-sixtII of thc csdma�ed
<br /> , -� ' payments w ent payateuts 6g Bmmwer,ai t�e tr�4a o�8oiroti��cr:.If th�total of the payme�ts made by►Ba�oa►er
<br /> - . �` far item(a).tb).or(c)is iasnffident to pay the ite�a�vb�c��a BQ��er shsll pay to Lend�any amount tteoessary ta
<br /> -.-.'. •' �., .�: •c�: make up tfie deficiency on ar befare the dsue the itenr��... •
<br /> �:.':: . ::���_,: As used in thi�S�ctuit�Ltstcnma►t,°Sersetazy"means��ry�ot�io��sing and UiDan Oevelopment or tus or het
<br /> `_-----�-�-------:..-.� designee. in any.yem�.m.wtuch the L,ender mnst Fay a m�tg�ge iasas�c�mium tu We S�ry.e�c6 moadilY FaY� -- - .
<br /> - ��:•. . shall ilso include sitticr. (i) aa installment of the annual mortgage�ce Premium to �e Paid b3►I�utier tar�the
<br />-- ��=:'' .�:..:.``:-`-`• Secreta�y,or(i'i}a maniHty charge instead of a mortgage insuiattoe p�if this Seaaity► Ia�umment is held by tbe
<br /> . :.�n�':•�.• :�`��-:�- Secretary. Fach manthly.ins�tlment of the mortgage insuranoe premi�um siiall be in�ama�mt sufficieai to,aavmulate�e
<br /> t.:_e .....':. ,..��.,�'..'..
<br />-_ , full annual mmtgage insurance premium witb Lender one�nth priqr to thE date ti�5il1 annual morigage a�su�e . .
<br />��;'•::,';�. -�� �. ��: premium is due w the Secr�eta►y;ur if this Sereuiry instnuneati§6etd b�r tbz Seci+etary.each monthly c6arge shall be iaaa ,
<br /> . , amount eqnal to one-tarelfth of ane�half peaentof the outsta.�ding princ�palbslance due on the Note. � ' -
<br /> n2.�-:`.��.:`--:--;.- If Doaower teude�s ta Lender the fu1! t of all smns sece�roA b this S Instiument,Bomower�ac�otmt -
<br /> -�� ,,c�:-.-�. :- Pal'men F �tY
<br /> -��,,K, -r°'�=r'� � . shall:be credited wqh ttt�6alance zemaining for a!i instald�ts for itat�s(a), N)and(c)and any mortgage insuranoe
<br /> �` y-` �'.��-G g�emiium iastallman•tttat I.ender has not hecome o6l�gate�m gay to th�SECtetaiy,and Lender shall pramptly t�fimd aa�
<br /> �:� �'� ;"= - , exa�s fimds to Borrower. Immediately prior to a foreclas�e�zle of the Pmpeny or its acquisition by Leader,Bo�m��er
<br /> - aceount shaU be c�edited wiW any batance mnaining for all.'r�� nents tar items(a).(b)and(c). • �
<br /> �-; . . c
<br />._ �`, ' , `.; 3. A fi�Fan uf PByments. Ail payments nnder Patagaphs 1 and 2�a]I be applied by Lender as followss _
<br /> ' - � , '. ��.- Q�to th�martgage insu�ance premiu�tfl he paid by Lender co[L�Seaetary or to the monthiy charge by the =
<br /> �*�� . �� � Seceetary u�stead uf tha mantWy mortgage inswauce pienuuin; : . _
<br /> '.�,.'�. � � � � E to any taxes.special assessmenu,leasehold pay�meats ar�d rents,and fire.flood and other�a�+d `� i-
<br /> . insuiance p?ealituns,as cequired; ' � _
<br />_ . IR ,ta wt�est due under the Notc: =-
<br /> - y,`. ': .,. � IaDIJRCH.ta amartirdt[on of the prineipal of the Note: . __
<br /> k..; �,tu late chutges dtce under the No�
<br /> 4. F G e,F t u a d�a n d O i t t e r fl a�r d��'� So�*er shall insure afl im p r ovements on the Fmperty,whethec now
<br /> '� • : , in eaistence or subsequently eiected.against aay hazards.casuatties,aud oontingeacies.including fae,for wlu c h i e�d e r ..
<br /> - ' " �' �equires insnrance. This-insurance shall�e maintained in ti�amounts and for the penods that L.ender cec�uit+�s. Ba�wer -
<br /> , �•y - ,;:;`;+r-�;'�' � s5ali also iasura aU lmpmvcanents an the Fraperty.whether now in euistence or subsequcmUy erected.agaiast loss by ftoods
<br /> i -;t<.�:. �� . to the e�ctent�quited•6y the Ses�etecY•- All is�se,rance shal!6e cazried wit6 companies approved by l.ender. The uuurarcce
<br /> i� � • ' '' �'
<br /> �. ,;:,f . policies and any�ienewals sha11 be held by Leader and shall includ�e lass payable clauses in favor of.aad in a fom�
<br /> _'�• �� asoeptable to,Lender.
<br /> ;" ���i� ' In the event�oP�ltns.Borrower shall give[.ender immediate notise by mail. Lender may make proof of loss if nat -
<br />- t, . . ';'��� made pmmptly by Bomnwer. Each i��tirance company concemed is herebX authonzed 2nd dinected to ma[ce paymeat for -
<br /> }�� , . =;�r':; surh tass u�cectiy w Lender.instead oF to Borrower and to i.ender jointts. Ail or any part of the insurance psoceeds may be -
<br /> _t ' . • � . appliett by Lender.at its option.either(a)to the reduction of the indeb.ed�ss under the hote and this Securiry instrutnenb
<br /> first to any delinc�ucnt amounu applied in the order in Faragraph 3.and then to prepayment of principal.or(b)to the =
<br /> - i •. ' . restoration or repau of the damaged property. Any application of the p�oc�eds ta the pnncipal sha0 not extend or postpone
<br /> •, s . �;��t�,, � � tttr due date of the monthly paymenu which are�eferred to in Paragapt�2.or change the amount of such payments. Any
<br /> � � ,�.:��,,•. ezcass insurance pmce�ds over an amount required to pay aIP outstanding mdebtedness vnder the Note and thu Ser,�sity
<br /> , '•�;::-;= Inst�vment shall be paid to tue entity.fegally enbtied theret�.
<br /> � • "' ln the event�af�foreclosure of this Secvnty Instrumerc or o�her tra.nsfer of atle to�e Property that eatinguisRr��Qhe
<br /> • � indebtedness.all�right.titlo and intemst of Borrawer in and to iasurance poticies in force shall pass to the purchaser.
<br /> S. Oecupanoy, Preservptian, Msii�¢eaa,c�ce and Protection at ihe Property: Borro�rer's Loaa Appliaatton;
<br /> ' ! Leaseholds. Hoiru�ver shail occupy.astublish,and use the Propeny as Borrowers pnncipal residence within sixt�r days
<br /> • � after the execution of�this Security Inuniment and shalt continue to occupy thc Propeny as Borrowert principal residence
<br /> �. ' ' for at least one year aftor�the dsita of occupancy.unless the Secretary detertnines ihis requirement wiU cause undue hardshi
<br /> �' ' � for Bomuwer,or unless oxtonuating circumst;inces exist v�f:ich are 6ea�oa►� Borro«•er:s control. Borrower shall notity
<br /> � �; � .'� `' Lendeis of any extenuating ci�umstances. Borrower shall not commit���sse or desvoy.damage or substantialiy change
<br /> �,k: �;:�� � , the Propetty or allow tha Property to deteriorate.reasonable wear and tear ozcepted. Lender may�n�pect the Ptoperty if the
<br /> • � • Property�s vacant or abandoned or the loan is in default. Lender ma�talce r�eaconab2e action co pmte�s and presenre sach .
<br /> `�� }'�. � � ' va�.ant or abandoned Pmperty. Bormwer shall also be in default if 8o�ro»�er.during the loan application prucess.gave
<br /> ��:..
<br /> .'� �;,:. ,�;r. materlally false or inaccumte infortnation or statements to Lender tot failed to provrde Lender with any matetial .
<br /> � '�,�' ',�••,i�1��i}:: -
<br /> {�:�,,,;,,�,�`,, iofomration)in connection with the loan evidenced by the Nate.inctuding,but not tim�ted to.representadons cvncem�ing .
<br /> ��d�.l4�F���.
<br /> �; } ra,.. .. Bomuwers oc�upancy af�the Property as a principal residercce. If thic Sen�ri�y lnstrument is on a leasehold Bortua�er shall
<br /> _;, ;,��•, � comply with th�prov�sions of•the lease. If B.r�rrawer acqu:res fee title to th�Ptope�y,the teasehold and fee tide shalt not
<br /> � ;�, be mer�d unless Lender�agees to the merger in writing. -
<br /> S`� � � 6� Charges to Hon+an�nr and Prot�4taa of l.ender's Rights In ttre Propsrf}. Bormwer shail pay all goveinme�tal
<br /> .. � � ormunicipal charges,Mes and imQositions that a�not incl�ded in l�ragreph 2. Bolm�3e�r shall pay these obLgatiorts on
<br /> � `�� > - pme direcdy to the cnttty which is owed the payment. If failum to pa���rould adversely affect Lenderk intecest in the
<br /> � P[pperty.upon Lender's rtxJuest 8orrower shall promptly fumish to Lend�r roceiptsevidec�cing th�ese paymeats.
<br /> r x�
<br /> = , . If Bomower fails to malce these payments ar the paymenu reqc�Ired 6y P•uag�raph 2.or fai)s to perfoan any other
<br /> � . ' , oovenants and agreements contained in this Secunty Instnunen�or thece is a tsgal proceedmg that may significandy affect
<br /> .`�� Lender�s rights in the ProptRtY(suc6 as a proceeding in b�nkntptcy.for eocdemn+tian or to enforce laws or cegulatians).
<br /> :y �� :. :, � . then l.ender may do and PaY uvhasevet is neoessary to pmtect t�e vaI�e oS the Ptoperty and Lender�s rights in the Propeny.
<br /> � �. lactuding payment of taxcs.hauird insumnce and other items mentiooed in Pa�ag�b?.
<br />- � ��;� � Any amounts disbursod'by Lender under this Para�raph shall be�a�an at�ilianal debt of Bmmwer aad be secured
<br /> . � �y this Security Inswment Th�se amounu shalt bear u�rterest fro�etho�o!dis�urseaient.at the Note rate.and at the
<br /> . �t.�. option of Lendet.sAaU be immodiatefy due and payabte.
<br /> : . . 7. Condemnat�oa. 'R�e prooeacls of aay award or cLtim far da��s„d3recl od caasequentiaF.in�ottnection aith any
<br /> �;,. ,��_:� � � � onademnatioa or other taL•in&af en}'Part of the ptopeny.or for conv�p�ae in�of eoademnatioa.are t�eby a�signed
<br /> . `. ` •• end sha116e paId m i.enderto Wo�tent of the fn11 runauat of tne inde6c�dxss��^p+^e�gaid w�Qer thr Note and Wis
<br /> , .' Secutit�,Insu�m�ent Lender shsll'apply such ptaceeds to the cs�uc6on o1 ti�i�debt�dtrss uader the Note aad this SecUriry
<br /> ; z : ,':;�� `.``-::'`� Ias�nm�en� fust ta any del �amounts applled in the oider pctv+'ro:�d in Paragraph 3.aad then toprepayatent of
<br /> .. �._�_,�_ � Princ�ga!• AttY applicattan�ptoo�cds w the principa! si�all���scd or postpoae the dae date of the monihly -
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