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<br /> °` � � ��t ' �. p�y�en3 at�Nne�tp��I Iateres!n�d l.ate C�aauge.`Euaowrr shall pay whsn due the prtnctpat of.and intecest on.
<br /> �, :; a �� _ tl�a�tit bvC�e�cE�y�101�t�8tid taTe c�ges due a��tin Atote. - - -- —- ----�,_ -.. __ _ ., ---. -—
<br /> �"`•. % . -� �`�� � Ma�1h1y p�yarente of'i�xes,I�araace�id OtGet C6�eg�, Bolrower ehall inch�de in encb mo�Wty pnymcnt, -
<br /> `-' '� taBetnc*wltl►the ptirtctpal and interest a9 sct fortD ia the Note aadony i�te citnrges.an insmtiment ot nny ta)taxcs and , .�� ---
<br /> :` speciet css�ssmenta levird at to 6e tevied against dt�Fropetty.(D)teacehatd paymer�ts or graund r�nw oo�Ao l�Ope�y.nnd "' ---
<br /> � '• �� � �r t�`+� : t c)P�+e m i u m s f o r i n s u r a s i c�r e q u i r a!b y P a r a p a p h 4. � ����;
<br /> � i ;e�:�r, s; �, Eech monWy instaifineat [or items(N.�)aaa!ta)shall ei�ual orte-MeFNh of the annual amounte.as ieasonabty . -
<br /> `.,'�� �-�° `�;,. esdmatod by Lender.�_ph►s an amount suf�ictent to mainmtn an addldonai b�faaae af not more than one�stath o!the '�'� �
<br /> �'' esdmated emaue�ts. '[1�e tit!!anaual amouM for each item shnil Ise accumulated by I.eader within s perIad one �? _
<br /> ? ;.,.a'...����. ' month Defore aa item wauld 6ecome delinquent Lender shall hold the amounts couected in tmst to pay items(a?.tb and � .�}A€���-=-
<br /> ` `' < � (c)betbre they bEOOme delinquen4 �` , '�j-
<br /> � � �� �
<br /> _ .�. , 4� 1f at an time the totat of t�e aym hetd b i.ender for items ia),tb)aad tc).tog with tRe fuhtt�o caaathly `-°- `' , ��`�'`
<br />_ , r ..{..��;... paXments foi such itema payable to�I.end�r prior to Ute due dates oY such items,exoeeds by more than oa�sbctl�the � �' ,. ��'�
<br /> ,'",,. .`• . .�° �,. es�mated emouat of payneents requLed to ay such items when dus.and if pa, ts on the Note are current,thea l.eader `" .:. : � . �,",
<br /> _,� . �' `` p t :. } \'.
<br /> ; � sball either refund tha exoess over on�s�xth of the estimated payments or rt the exoess over oae�,si�cth of the estimated =: , ,:
<br /> _ .�;..-�,;.,. , : := payraeats to suh�vent paymenta by Bmmwer.at the option of Bomower. If the total af t�e payments made by Bormwer : _� ,-`
<br /> -�+ Y • �r:` fm isem(a?,(�).ar(a)�s,R���±p^t to pay the item wden due.then Bomower shali pay to I.ender eny a�unt ueo�r to �� ;s % l ��,,:. '�
<br /> -;t � , - .,:'�M..' maiteupeY�deffsieacS►oaer�effocethedatetheitembecomesdue. �,`�'� :� rr,-rrr;,, ;�
<br /> i
<br /> - - • :_':t �is used in this Seciuity instn�ent,"Sec�etary"means t�e Secc�tary of Housing aad iJr�an�eveiopment er 6is or Q�er �.; :. . -.: : ;,,_,;':., :
<br /> d�ign� tn any year in whica t@e I.ender must pay a mor�age insurance p�emium to th�Saxetary,easL monthlY paYacent , � �-
<br /> ' s�ail atso inciude either: (i).�n iroctaliment of the St7IIU3l�Itfgage iIISUCaRCe Qremium to 1�paid lry LeIIdet to the � -
<br /> - att '
<br />_ u� ° Secnetarsr.or(u)a manthly charge instead of a ffiortgag�e insuraace premium if tnis Securiry Instr�ment is held by tEe Y. . �; ,� �;�
<br /> :'"-��:%��'•-�:-�-�;:-,- - ge�tary. Bac6 mondily installmena of the mortgage insuranoe premium s�all➢�e in en amouwt sufficient w acrumulate the ..
<br /> _,,,,. S ` � ` ,
<br /> '� °`�s.��o� `° ` €cr?��uual mortgage inswaace ptemium with Lender one moath pnor to the date the full annual mo g�e m� sutanoe � �: � _
<br /> �� ` �'�` '°�,��; �am is due w the Secretary;or fif this Secerity Instmment is held b�r the Seccetary,each montlily chazgert shall be in an ���•_-
<br /> `,w _ ,�i�s��:.:�:`
<br /> + ` � � �¢a�i�t equal to oneawelfth of�n e�L z a l f pecteat o f t he outstan d i ng priacipa!b a lance due mcrt c Le N o t e. � <�-- �
<br /> �,� ;�� `-�,- z������� . 3f Bouower teaders to Le��tbe fu6{�i�ent of all sums secu�ed Ts}�ti�as Se�sv;��• �m n[_ ,�+pWCi$3CC011IIt r�'�: _ _
<br /> ` `��w�,: • �h r he ctedited wittt the 6alaace���all ���!mQ^ts for ioe�as�i�>(��.�'GEb.aad aug��sge insutance ` '<<<' r',,, j�-
<br /> �4. .� 5`'� . �" �t.,'�i� '.. �installcnent that Lend�s�as not b'e'�.�ob'ligate.�!to pay to the�se*aty,a�k�sler shaII�p:ansptly iefuad as�y . _. � 7 .� , �'�"' _
<br /> ' s�` , �:', � ,� :� . • ex�s Sunds m Borrower. dr.�e�...aiely prior fo a fo:ecto.sr�'�te:�f the Ft�peity or:arts .�ition by Lender,Bon,+cur�..�¢'s � , f,
<br /> ?'''"xJ���;e� .� ',� ��sDall be credimd wEdr aii}basnce remaiaing for aLC�s�aUanents for items(a).'f���t�)• � `� `� 3�
<br /> �;- ;,�,�,i�� (+.��n r;��-���',�,";'4 �R. p l t c a E�ae a P l P a� �1 t paymesats un der F a e a g�,a�r s 1 a n d 2 s h a l l be a�Ci�€b y Lender as follows- � , .` � ��;
<br /> _• � ,:s� .{� <• z� , a ' �. ���.� 4
<br /> - ,'{';�: 7,t s'�� ,. ,�w��e r,asa:.�sce prem:r�ax sn.t�e paic�b-��nder to the SecnetaYy c��athe montWy chazge by th� • , . , �f � t
<br /> e . � Y°��
<br /> '�r t:� b�� l��S4����`.3`� � ' .'.'.�2L'I�CI31}I 1�. LT��Q'i46.�1�}�1pO7t�y.,S7�t!TaIICC��l�LL1�,IIIIIs �� "� ''+�y{ � '.�'�E'�ia" a
<br /> � ,:;���•�',��t��;�,s::<<'`. . .,�,f�COND,waay�.���x�.�.�d�c��gmeatsorgmwxdreat�,,arstfse,floodandotherhar���. � __ ''�;f`.�¢'�l�,��z�{ _
<br />_�� !�ti � E ' r�y �t'...v . , . . . �2�{�}�4,r1.!p LF� ,'
<br /> , � } r�' �ir.�swance premiums.as r�?�ue��: • � . �t;t��;�{,���,�?,� �
<br /> t �. ! ` : I�,to intelest dae��e�»�tut� .:_ � �,�. <�„,�s�F,��,�_
<br /> . qt. ��`��• POIJRI�i.wamo��va�niteEc��aftheNote; � • .kIP���'��``�'���
<br /> .i \. ��O�CjI�$CS d�.iIII�'Ctt�IC�.Tf.tIL . � ' . . . � ; iY eer �
<br /> � `� �` 4. Fir�FTaud aud Other Hazard Ins�ce. Bomower shaU insum�ali improveinerts on the Ptolx�iy.whether riov� � ,'•�
<br /> �` � ' in existence or su6sequently ezected.against any hazards.casualties,and coatingencies,incldding fue,for which L.ender � ' � �>. �d -
<br /> �-;�;.•.`,��., �Y,., :;'� reqnires insurance. 71►is insurance shall be mainta�ned in the amounts and for the periods that Lender requires. Borrower t ' . �
<br /> �:. :•.. ,-... ..`•..� .'{: shall also it�ure all improvemeats oa the Property.whetAer now in exlstence or subsequemly encted.against lass by tloods .. _ - �: , '
<br /> � . . to the extent iequired by the Secretary. All insu:ance shall be carried with companies approved by Lender. The msutance �.' ;�:
<br /> � polictes and any tenewals shall be held by Lender and shaU inchtde loss payabie clauses in favur of,and in a form :'`, ',�^ '•,`-
<br /> '� ��� • .� ' aoceptable to.Lertder. -`�� `.� ��:
<br /> t .: . � �� �� In the event of loss.Borrower shaA give Lender immediate notice by maii. Lender may make proof of loss if not . .';��
<br /> ' rr�ade prompdy Dy Borrower. Fach insurance company c�ncemed is hereby authorized and di�ected to make payment for ��; �=' '�
<br />- � # ° ` '� sucfi loss directly to Lender.instead of to Botrower and to lxrtder joindy. All or any part of the inswance pmceeds may 6e •_
<br /> {•� ��•� apAlied by Lender.at its oplion.either(a)to the reductian of thc indebtedness under the Note and this Secunty lnsirumen� , ;
<br /> . •- first to any delinquent amounts applied in the oMrr in Paragraph 3,and then to prepayment of prinsiput.or(b) to the , �-'.��.
<br /> c�estoration or repau of tAe damaged property. Any application of the proceeds to the princ�pal shaq not eatend or postpone • .. • -
<br /> S � the due date of tfie monthly payments whicQ are cefemed to in ParagrapB Z.or change the amount of such payments. Any . '" ''
<br /> ` . - � � excess insurance proceeds ovee an amount required to pay all ouutandmg indeStedness under the Nore and this Secudty - . :•:,:: � _:t',.i'
<br /> � ' Instrument shalt be paid to the endty legally enatled thereto. '��•! •• -
<br /> :;...,�, '.";
<br /> : + ���. In ttte event of fotecTosure of this Security Instrument or other transfer of title tu the Property that eatinguishes the ",; :. :
<br /> ..�,_�, ,4., . '...:c..•�.
<br /> � indebtedness.aq right,dde and interest of Borrawer in and to insurance policies in force shall pass to the pucchaser. ' :'��..���;,,, .,-
<br /> �. � S. Occu�uncy. Preservatlon,Maintenance and ProtectEon of tAe Property; Borrower•s Loan Appltcation; �', ��' ��r_
<br /> :,�,_, • .._'. . _•.g '��::.._,:.,:::_:
<br /> �� ,�;s,;,,; .. , I.easeholds. Borrower shall occupy,establish.and use the Propeny a+Bo�rower�s principal residence within s�aty days
<br /> after the execution of this Securiry lnsaument atnd shaq continue to accupy the Property as Horrower�s principal residence ,. . , .
<br /> ` ��,:1:.,�;;•`�;;�<i;F . � for at least one year after the date of occupancy.unless the Secretary determines Mis reywrement will cause urtdae hardship . :�•. ,.:_ .
<br /> .. �•..,.? �, ' for Horrower.or unless eztecua�tg circurtistances exist which are beyand Borrowerc control. Bortower shall rsotify •�' :,,„�.,...;'
<br /> . f i; .'� �. Lenders of any extenuating circumstances. Bomower shall not commit waste or destroy,dumage or substnntially change •. . •
<br /> . �;r.. � � the Propeity or allow the Property to deteriorate.r�easonable wear and tear excepted. l.ender mny mspect th�Property if the
<br /> •,:? . . . Pt�operty�s vacant or abandoned or the loan is in default. Lender may take reasonable actian ta protect and preserve such � , . � '�
<br /> �; '`: vacant or abandvned Ptopeny. Bormwer shall also be in defuult if Borrower.during th�Ivun apptication process.�ove �- ': � •
<br /> mar,�ially false or inaccurars uifc�nnatton or statements ta Lender (ar faited to provid� Lender with any matennl . "`•';i�:•'.� � �
<br /> , r c '...�S}^ � -.
<br /> !��.'.•��',*�;���'•;�� .,( inf�:ation)in connecrion witt►the lnun evidenced by the Nnte,including:but not limited to,mpresentaGons conceming 4• � . ,''?�',-,'.',
<br /> � '°`���ti : =•: Bo�wer�accupancy of the Property as a principal residence. If this Secuaty Instntmtnt is an a leasehold Borrower shall � :�,
<br /> ' ', � : ' • �� ��: compiy wlth the�av�sions of the lease. lf Borrower ucquims fee title to the Aroperty,the le�ehold and fee title shall not �
<br /> i�� . .
<br /> ��' �� ' � � ,• be merged unless Lacd$r ag�ees to the merger in writing. � � ,
<br /> g ee
<br /> " " �° >� 6. Charges Cu Borrower end Protectian of Lender's Rigdts in the Property: Borrower shall pay al!govemmental � � , , �
<br /> - �_ � � ' or municipal charges,tines and impositions that acr not included in Parngmph 2. Bomnwer shall pay these obLgations on , � .
<br /> ��^��-s� ��� dme directly to tha endty which is owed the paymen� If faii�re to pay would adversely affect Lender�s intemst in the . . �
<br />- � }�:,�cr:�:.� Fcopetty.upoa Lender�s tequest Borrowet shall prompdy fumish to Lender�eceipts evidencing these payments. ' ,
<br />_=�r. a� ` _; ' U Hmtnwer feils to maice these payments or the payments requirod by Parngmpfi 2.or fails to perfotm any other .
<br /> �: °,.��,�".�� . �'� covenants and�eemeats contained in tltis 5ecuttty Inswmen�or there is u Iegal pmceeding that may s�gnificantty nf'fect ?. • .
<br />��� `�'�t°� � • ' Iander�rights ia the Property(such as a pmceedtng in bankruptcy.fm caademnaHon or to enforce luws o�mg�lations).
<br />�__ ���;;`�::.��.. tlt�iertder may do and pay�vhatever is neaessary to protect the value of eke Property und Lender's rigtitc In the Property. .
<br /> � k i.rcFrirling payment of texes,hazatd inswauice and other items mentioned irr Pnragcapb Z. :: '
<br />_� . Any emounts disbutsed isy I.ender under this P�a�aph shall become�.�addiat!s�d debt of 8ozruwer and be secured
<br /> di
<br /> - ,�;`.� . by tbls 5ecurity F�suument Thae amounts shall bear�nterest from the dat�af ck2sUc:r��t►en�ai the Note rate.and at the ,
<br /> - .�'`L..;:`;;� . option of l,ertder.�L811�e�mme�ta�pty due and paysble. .
<br /> -�� . . T. Cottd�on. Tlie proceeds of aay awatd or ciaim fot damage�,ditect ot consequential.in ooaaection with any �
<br />- �`Y ��"'•� ' ooademnation oI other of of the tre�eby a�i�ned
<br />�,„ taldng a�r part pnapeny.rn far oonveyance in place of eandemnatian,are
<br />_•` :+• asd:shaU be paid to l.ender to tLa entent of the full amrnmt of the indeM�dnesg that te�sain�nnpsiid ander the Note and this
<br /> �� �� Secnrlty Iasuumem. Leader sha11 epply such procceds to the zeduction of the indebtadQess under the Note and this Secwity ' .
<br />_` Iasttumeul.8tst to any d�I�uent amoimts applied in the oNes provided in Paia�aph 3.and t�en w pnepayment of .
<br />�.� P��O� �Y aFP�an o�the pco�eeds w the princtpal shall aot extend or postpone Ne due date of the monthly ,. � ' .
<br />_ ` - (y�Se1c14PQ8u1 -_
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