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<br /> • 1. �1,�,�e�t„rlti.e;p.t,I.trre�t siw rale� soRa�ver s�u pay.Yhan aua the priocjp!of,.�:��. `
<br /> the deb evideaad by tbe Note md tate c�rges due mder tbe Nae. ,
<br /> � Z �WI MJ�d Ta�.Iwwra�ce�M Otres CMt� Banawer s�ll inciade in eacb maa6tY PsY�
<br /> ��her witle tAe priacip�i md int�st as se!fath in thr Note aod any I�e ci�rges.�n�°{�DY E�)taxsa and
<br /> � SpOCI�s��._� kYll�Of iD bQ�CYIOd.i�sllLtt tbE�O�L7ty1.(������.a�tlOCS QR tb6��►.� .
<br /> tci P�fa,r ins�naooK requ�bY Pa��+P�4-: .
<br /> � Fac6�ma�t6ly i�for,items ta).(�}aad lcl sbaU equal a�rt�velRh of the aonu�l�mauw[s.as t�biq _ .
<br /> �-� ' � �tnmted by I.enaer.-pIus sn arnount suffcicac m msiata'sn an.additlnntl•balaavG of aot ma�e ltiot�,aeo-sixth c�f the
<br /> - • e.�od�mo�ats. 7Ue f�ll�nnual amount fa each itean shall be sccwnulated by Lender within a��ae�j�
<br /> ` modh hefae an item would beoatne delin4ueat- Lender shall hatd the amounts oollected in ausc to pay__
<br /> - (c)6e[ae they beconts delinquer�t.
<br /> - 1[at any time the total of tDe payments IreW by I�nder for items(a).(b?�(c)•�witb tde fut�e taotuhiY
<br />-__ payaneots fa wch itCns psy�bie w i�ender pcior to tha due dates ot,such icems.eaceeds bY mooG ttup ano-siacth thc .
<br />�' estim�ted�nwunt of PaY�a mW�t°PaY sc�ch ttems wben due,aad if paya�ots op!he Not��c cu�rt�ot,thaj ireader
<br />-�1;:� - � :shall eitlrcr�efuad the eacess over one-sixth of the actLnated paYmenis or ciedit tbe ra�cess over are�s�ib'uf tbt�ed.
<br /> ° pa W subso�ne P0.Ymenis by Bunower.at the optioa af Bnr�owsr. If tht Wtai of the payinenctmoda bJ1 Bamwer
<br /> -• fos"u�em(a?.{b1.a(c)is insufficiau to pay the icem when due.then Bormwer shall pay m I.ender any.���Y� -
<br /> -_-- ` make ap the defic�ency on or Ixfine the date the aem b�xoa�te.s�d��af Hausin8 and Ur��k�d�tmt or isis or her �-
<br /> As usod in t6is Socurity Insuurtxe�"SeccetaiY mium to the Soc�tatY. mooatWY PaYmeat -
<br /> desigox In aoy peu ia whicb t6e Lender must.pay a mangage ir�sumnoe pre =.__
<br /> � sha11 aiso mctude eittxr: (i)aa instalhnent of the�nnuat mortgage insa�aace Pneminm to be paict{by Lrnder to the �, -
<br /> t.'� Sec�y.ar(u)'s manthly charge instead of a mongage utsivaaa premiam if this Secauity insuu�w:n�t�s held by tHe �
<br /> iwtt sliall be in aa amount sufficiat��#aecvmnlatethc ��`-'
<br /> •,.°, Secretasy. F�ch manthlY instalGnet►t oE the gag e insuaiace Ptem , _-�-_
<br /> foll annusl martg�c rosivance D[emium w"n�h i:e�ider one manth pdor ta the date tbe full:aanual;t�age sn�aiauoe =- �
<br /> . �` ,, ptn�um is du�e to tbe Socctta�y;a ef ihis S�lnstrument is tield by the Seereta�Y,.eac6 month,)-.�;sT�l be im aa. � _ ti'_:�
<br /> ���,-.
<br /> amamt eqwl w a�e-twdfth of one-�atf per�a�tf�o ontstandin�principat 6alana due aa d�e Nat�...�:: � � -
<br /> - ff Boa+uwer unders W L�nder the full�.ray:ment of ali:sums secured b}�tttis Socucit�r i�uumetti�'B9�I'°wec's a� �;'�{_—
<br /> s6a11 be cc�edited with the bai�iemaining for all installmeets for items(a?,(b)�f�}>�d�eny.�i�tiitgage ias�r."c -'- �
<br /> ., premium installment that 1 e�ec�as not 6ecome o6ligated to Qay to tha SaTetazY•an�k�3es shall�R�P�Y���Y ; �:�`
<br /> .. -.. _.. t�cess funds to Bar�ower.� im�atety prior to a foRClasute sale of tho Prope�ty os its�isitian.b�r:�.ender,Bomnwer's . ._
<br /> - or afi lnstattments forice�ts E�3,N)�Ec). �';`-�.`-'
<br /> account shalt be c�with a�ry bataace c�emaining f .:,�`:. , -
<br /> � ;;:%>�,'--' ' �. AppliCatioaof P�yntents. All payments unAer Aa�agraphs l and 2 shall 6e applied by I.esW:s:as follows: . Y�`�
<br /> � ,�:� R;.- Q$$Z,to the�artgage ur�urance premium to 6e paid bq lxnder ta the Secretary or to tbe mwtthi�.charge hy the : `::��
<br /> , ,,.� c° S e c n t a r y i a�o f t h e m o n t h l y m o rt g a g e i n s u r a n c e p r e s�u m; . _-='{ -�''`�'�
<br /> , ,- _�.�: :-�' ' . �,����s,s�Cia1 a�essmeats.le�ebotd�oa�u�ents or graund rents.and fire.flaod and other hazazc4 . �`�.�
<br /> '` ,' ' g�$�Q,to�d e n�der t�he Note; .. �, • �, `-_,��`�:��
<br /> � �' • EQUR7'ti,c+��3stization of the princig^��fit�e Note; '. ' .: ,�:�' �.;;' ;;:,; E =°''� �
<br /> '. .�: to t�:r es due under the Nc�-" �' ' ' , '� - f � ��--
<br /> , ?�°-;�.c�r;, •. �Ftaod aad Other Razard Insta�ace. Botroa�er shall insum all improvetrients on ehe Pi�m�t'whetf�`�s�u`, . ��...-. !.��-
<br /> �;;� ,; _
<br /> .�r..:�.•,. in e�d.�ce ar subseqaently er��ad.against any haTards�casoultPes.and contingencies..u►��i�g fue,for which#�z�r. • ��,�;.`„���:s ,•%°-
<br />- - - -- %� ' nqu�s¢isurance. This insur�shall be maintained in the amounts and for the periads.rlbat l.ess�er recluires. Bo�c��:r • . ��
<br /> , ; - �-_ - shatl aLso insar�atA ur.i�mvemertts on tfie Prope�ty.whether now in existcnce or svhseqncs�:j esecced.against toss by�oods ?'.. ,-.��.� -
<br /> �� '� �J ; ' to the exteai���y the Secretary. All insurance shall be carried with compances approved by Lender. The insurance , �,�_:��
<br /> pollcies and any renewals shatl be held by I.ender and shall includo los.S payable clauses in�favor of,and in a form r
<br /> #` ' ` acceptable to.Lender. • . ' �
<br /> ' � � � fst the event oP tos.c,Bocrower shall give i.ender immediAte notice by mail. Lender may.make proof af toss if not - , f _-
<br /> � �': � • maek�romptty by Borrower. Each insurance company concemed is hereby authorized and disected to make payment for .
<br /> . �: such loss directly�s+l.cnder,iastead of to Bo�rower and to i.ender jointty. AO or any part of the insurance praceeds may be , �
<br /> •�� 't;�' F •s : • applied by I.ende�a!:iu option.either(a)to the reductiun af the indebtedncss under the Nate ard this Secuncy Instrumenti ' , �
<br /> ��� .. • firse to any deLnquent amoun�w applied in the arder in Patagraph 3.and then to prcpaym.nt�ot,prirr-.a:�al,or(b)to the
<br /> , :��,.�'., re�'i.r,�tion ar repau af the damaged property. Any applicatian of the proccedc to the pnnc�pal if�ll�nat e.�tend ar postpone
<br /> • ttr;.�date of the monthly pat,ir.enu which are referred to in Puragraph 2,or change the asrraunj of such payments. Any � ,,r,�
<br /> .T,- : � ' ez9�s�:�msuran�e pruceeds o.�ec ar amount required to p�y all outyk1nding mdebtedness�*r«:s.the Note and this Security �;:,.,. .
<br /> , ,��; ,;'T ° ' Ins�runent shal{be paid to t�`.:;��.�ry legally entitled thereta.
<br /> .. >.t•. .
<br /> ;,:=� • " ' In the eveFt��37CCIOS{:,"C Of this Security lnstrumont or uthcr transfer of title ta:1�Property that extinguishes the
<br /> `,, � ' indebtedness.aLLa^�-r':�ile and interest of 8orrower in and ta insurance yolicies in farce.rfiall�pa.+�.to the purchaser. ,
<br /> ' � • • S� p�en�rc�,Pirestnation. Maintenance and Protection ot the Propert�: surrnwe�'s l.u�n Appiics�tion; , .
<br /> ' - � �,�oW.�. Bbrro�s•�r sha�+�.:upy.c�labfiah.�nd t�se¢he Lr!'operiy ati Horcawcrti pm�:cj!'sl�re�idence within s��ty days .
<br /> , ,;;�. ;`'s�''��� ' after ifie exeeution of this S�::ci�Instrument and sht�U co�a:��ee ta occupy the i'rapenj,as�florr�wer's princ�pal residence i
<br /> ` .'°� for at teast one year after the�x of occupancy.unless the Serretary determtnes this rcy:usemem will cause undue hardship � ,
<br /> .... •,�+,••:, •'�• � .
<br /> �. for$ortower. or �less cxtenuating cirauai�:anres exist whirh are be,r�d Harr�w�s:.�hr.uol. Barrower shall natify
<br /> . `,,; .,, l.enders of any extenuating circumstances. f��c�owes shull not commit watitc or de�tta�:damage a�«i�3slantially change � � �
<br /> ',,.;,�,;,.�,:.� the Properry or allow the Property to deter�ra�:.r:asonablo wca�and tcar exccpted: Len�er may rr��flxr�'�c Property if the �
<br /> •�� ';: �,gesty ts vacant or abandonoa cr,thr tozl i�_i�defuult. Lcnder may Iakc rea�onable�ar:tion to Fr��,�.:and prescrve such
<br /> -;:,''ys � ��c or abandaned Property. l�.orrnwer �:��i;t at�o he in default if Barrnwer.d�rir.�t��:Ioan a�::cation process..gave �
<br /> .o
<br /> ��c�a��alf� false or inaccumte ilformaticn �: �tatcmcnt� v� l.rndcr (or faitcd ta'pr�a���: 1x�C.r.with �y ur�nal , .
<br /> • � ii�SYr^auon)in wnnection witb the loan e�i�1'�iciced by thc wrste,inrludir.�,but not•ti°-.�}:�i to,rep-�:�:ations ccr7x-�c�.:ng y
<br /> �'�� ` ��vvcr's occupa�cy of the Propctty a�a n!�ei�al residc�nce. if d�i+Sc�:urit}Incttumc�t is on a lea.uL-�_i�Burrowet:vhull ;
<br />. ;,:. .
<br /> • c�wn�;_y with the provicinns uf the tcrse. i��-rr��xer acqu:css fec ciitr✓��.r�;wmpeny.the Iea�ehetd:sc�i�`�e title shnll not 'i
<br />� �be�acrged untesw Lender agrees to thc mer�c�r ut���•rjting. ,.. � ;.
<br /> � �►. ChArges to Borrnwer aind Protecfirotie oP Lender's�;hts in Ihe Ptoperty.,g�r'a���er�hati'�ay nll gaverr.,�acninl� �
<br /> �cr�unicipai chazgc4,fines and impositions c�at.uc n��t inctuiicd in P�.uagr:iph�2. �orr�v:er�ha!i-:�ay ihc�c obltg�ti��r�an . �
<br /> . ' ,- . time direcUy to the entity which iq owed��:.�uymem. If failuro tv p�y woctu ud�...�vty aftert i:.�:�d��r�interest m the !' ,
<br /> ' Propetty.upon Lender�request 9nnaucr�tali:,prumptly fumivh to l.cnder reccip�v evidencin&tl�c�t;i��r.tenty. '•;,,
<br /> It Horrower fails to make thcsc pay,nter,t�ar thc paymcnts rcyuired by P.u�a�Uph 2. ��r fza►��ur perfurm•uiy uther { ,. ;: �,f`.
<br /> " coven:uits and agreements cont�iaed in this Security In+trumcnt.�r lhere is a 1egaE°p:oceeding that n�a;;►gnifirantly affect � 1
<br /> - - = -�—=-.'` --' l,en3etE s�ghu in the('�rc+l+erty'(ii:ch ag a prcxee�iing in b�ksuptcy.C�r corutem�:►tiSn ur<<�enfarce l�w�or reguG�tionsl. �_ • -- -
<br /> - , - . � then 1.xndes may d�and pay whatever iv rtecesyary t���rotect the vaiuc�f thc PInY�iy�and l,en�er's rights in thc Pruprny. ; - -- ,
<br /> including paymem of taaces.h;uard insur.ut�r:+nd uthcr rtcros mrntiuned in P.irb�p?d2: .
<br /> � Any amounts disbursed by Lender undcr thi�i':ua�r.iph vh:�il f+rcome:ur addisional debt uf�nn�w•cr and be tiecured :
<br /> ' , � � Iyy this 5ecurity lnswment. These sun��unts shall be:u�nterest from thr date o�disbunement.at thc Natc ratc.�nd at the
<br /> —_ - __ - .— c�tinn af i.crt�er.sha�i be imme�iateiy duc am1 p�yai�ie. _ `•--- .
<br /> • . 7. Candrmnatinn. '[he proceeds af:usy a�i•ard�r cictim ku d:►magcy,d�:e�:t�rr cansequcntial,in cannecuon with any
<br /> ' � rondemnation or othcr talcing oi uny p:ut crf the Propeny.or fur cvnvey:uire ire placc of cc�ndemnstiun.arc hereby:���igncd
<br /> _ __� __ _ and shall be paid to Lender tn the extent tif the futl amnum af the indebte�ir.css that rcmaim unpaid und�n the Notr and Ihis .
<br /> -_._. _-_.._ - SecliYiry trt�tnimem. Lender shali appiy such ti,rin�tu the rcduetsc�vf-s.'ic`9r.del�teetst�s�aacter the Nete�stll thic 5ccarit� . _ __... - ----,.--- _
<br /> ' inswment. first to any delirtquent amnuntc appt�ed m the nrder pmvid�d in P:iragraph ;.:u�d ihen to prepayment��f
<br /> ' pfincipal. My appticadon of the pmrceds tu the prinripal �h�tt not catend ca pa�t�ne the due date �+f the ntonthly- . .
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<br /> _ _ _ ri�rgp:�Jl�w:i�i _ _ ._ __ � . "
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