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<br /> . . , j. ` Q�ri�I;i�eeat sri La1e Ci�ja �o+�er ri�0 gay rrben dwe tbr peid�ip�1 af.oid iMerpt m. . �
<br /> . . ji�q�1t�b�r ie aoa hle c�e,es¢re�d�3 tYe Nole.. • ` r � ..
<br /> • � t. M�Ml,Md���['1f�ze�,iwra�oe a��tUee(�, Bono�er�H ine�de is acb moad�ig NY��
<br /> qeMer wi��lt p3aci�l�d�ae}t as xt fanb tn die Nae�eiary L�e cbwr�es►an ia�allmeat bf any.{a)taa aud
<br /> �specLl�pes�ma�s l�vied ar e be leviad api�tbe PYOp�aty.tb}k�ci�Payn�ts ar E�o�d ee�an me iMcpaty.aod ` ,
<br /> (c)pea�wms ta iowr�ce mquicceiid by P�r�g�pb 4• •
<br /> � g��1y�t fa i�ans(a), (b)�od(c)s�ll.eyoal aoo-twelAh of�fie a�1 amou�ts.�n�b1Y '�
<br /> . , e�b�► L�eadel;�s�n�o�t w�tient tu m�intaia�a.add�iaosf 6ataece af nd ma�e�0 6nt-sixth d tbe �
<br /> ` eatim�ed�rnoiiots. 'fbe fi�iZ amu�t amw�et far L�nder�hoid the�ool�kcted in du�st w pty�(a�(b)and
<br /> . moio8�befa�e an i�anr wa�ld 6eceme delioaquea�t. . . .
<br /> � (c)6doe+e d�t 6acaa�e detioqueat. � ,
<br /> ff at�uy time tbe�onl o�d�pa�beld by tanda fa itaas(a),(b)aad(c),WgetLer vrith t6e fad�ee�oot1►1Y
<br /> pat�nae�ts far"sade�1aas payabk to prior to d�e�Iue d�oes of�neh items.esaeds bY mae fl�ae�aaasixW the
<br /> astita�led�no�rit of p►S�ma�ts eaNiced to sudt ikms�due>�if pa oa d�e Note ate cuma+t�tl�n I.endec •
<br /> � slaU eit6a iefuod d�e esoas over aoe�of tht e�ed ps�s ac�xeas ova oaasucS�of t1�atim�led
<br /> �a�(io wbrequent P!�Yments 6Y 8a�a��at the option of�»wer.�1f tT�Laal of dre paymeats m�da by 8oauw�er
<br /> a�(b)�or(c)a u�cieat to4R}tti�i�em�du�.�Len Ba�zs sDail.pay to lradrr any anwwri ne�ess�►�.
<br /> tn�Oe ap the deficieacy ao or 6efane thc dae�d�ea6e�n becomes dua, .�. .
<br /> As med'm this Socunt�t Inst�ummf;°Soc�ewuY"mans theSeQeta�3'�of Housing ma Urlr�n D�.weloQment'os his a ber� .
<br /> desi�e.tn aay yar in wluch thel.euder must p�y a rnortgage�a�anae premiam tad�See�sc�►.eac6 nioaNitY P�Y���
<br /> s�I!also incladt enha: (i)an instalfim�t of tlie amnua!mottg�c+nsura�.�nim�s on 1x P�id b7' Lender w the..
<br /> � ' . S�tacy,ar{i��s mmitbly charge iasaad of s mo�t�e insur�nc�e premii�i�dus Sacunty Ins�umaot as held by tbe
<br /> � Secnetary.F�ch mmthly aisqileoent uf tbe matgs�e instuaoce p�emium s�i��t a:�suf�ta�ulase thr- --
<br /> � fari�onml mortg�i�oe pcemium wab I.ender aoa moath pria�r to st�d�oe d�e.faU�ual mo�tg�ge insumce
<br /> pitnaiom is dae w tHe 5e�ay:vr.if tbis SeWn't�r iaswmeMt is hetd by thc Se�y,.sac'h monthlY cUarge.st�all be in an .
<br /> amouot eywi to oae-tweiftiiaf�hi1f Petoent of tbe artstandb�g psincip�l6al�ccd�oo the Note.
<br /> 1f Borrnvver lmdeis fo.I.ender ibc fnll paymait of all sums sxutM by this Secu�ity lnauwnen�Bonowerl�ac�co�mt. . --
<br /> . sh�il be c�editod with thz bafa�ice�n8 for ai) insdlmmts fot itemc (a);•@)�nd(c)aed anY maRfg�e iasur�ace' -
<br /> pn�om ias�du�,L.endes has�nd became oblig�ed to pay to the Secntuy,aad l.end�er shall pampliy refund mp
<br /> � excess fimds to Bonow�r.;�nm4di�etY Pda to s foc�ecbsun sak of the Ptoperty or its acquisition by Leaddr,BiNnower�s ,
<br /> " a ... for all installments for iteros(a).(b)and(a� � :.. :.:`
<br /> . acoewat slri�lk�ccod�ta�:�smY���B .. _..
<br /> �.�e�ps¢�qe�Rs.A�1:�aYmenta nnder Farag��"�.end 2 shall be applied by l.ettder as foltaws: ,.
<br /> ���ti�e moisg��.�ce piemiem to 6e pa�d by E�3..�r to the Secretary or to the monthly'charge by the
<br /> , Sec�aryms�tqi�¢r,`�i��ri.��tgageinsurancepiemnu»;
<br /> ��,to a�3!�'.:�s:s<spe�*.�assessments,leasehold payments ar grounD ients.a�M fire.flood and other l�azard
<br /> ias�uancc pm,�.-�a�s,�:�: .
<br /> �to�:t1.�vsoeas�Nae:
<br /> . .�,to�:t�tn��_q?.��of the Note:
<br /> 4.�w 1ate�c��tlue���Sie Nae.
<br /> �7ooi�a�i�)B�er�i Imuraace. Bormwer shaU insure all impcavements on the Property,wtuther now
<br /> • -'� ia existaice ur subs�a�ly erectcd,against any hazards.casualries.and cantingencies.inclt+ding fira,for arhich I.ender. ,
<br /> nquiies ins�e:TiFm"�.�nswance shall be mai�ed in the amounts and for t�re peitads thac Lxnder reqaues. Bomuwer � __.__
<br /> shall aLso ins�me a?t;�vetrtents an the i'raperty.A•Lnether now in existence as ss�sequentlY erectod.sgainst Fass by floods .
<br /> w the estent r�6y the Seeieta?�: All insurance shall be ca¢ai�d with companies approved by Lendes. The insura�a: : • ::.{��:
<br /> policies and a��;en�als shall�e t�cetd by Lender ar►d shall�n;.lirde loss payab2e clauses in favor of. and in a fonm- . -
<br /> acceptable ta,Lender`_ , �"
<br />:= in the event af F�.Sorrower shall give Lender immediate notice b ma:l. Lender ma make raof of loss if not F'= �
<br /> Y Y P ' ,:...,
<br /> made prornptly by.8�rnza�er. Each insurar�ce company conceme d is here hy a�iarize d an d d i r e M e d t o m a k e p a y m e n t f o r �;yA�:•�
<br /> such loss dicectly to�'.�er.instead of to Borrower and to Lender jointly. Alt or.�s:y part of the insurance p�nce.eds may be •. �t.�s�.,.
<br />- app lied by Lender at iss option,eis�et(a)to the reduction of the ind;ebtedness under the Note and this Security I�trument, ° .hf,s_•`:_�
<br />- first to any delinc�uent amounts�st�d in the order in Paragraph 3.and then to piepayment of principal,or(b)to the ' ti�F_�
<br />- restoration or repa�r of the damaged ty Any application of the proceeds io the principal shall not extend orpostpone ��';:=
<br />= the due dau of the ra+�-fity paymen:s�which�are referred to in Paragraph 2,or ck.�*sge the amounc of such payRxnts. Any ;{°:^_.
<br />_ excess insurance proo�s over an amount required ta pay all outstandmg�:n��'x�iness under the Note and this Security �.a��_.
<br /> InsWment shall be pa:�to the endty legally enatted thereto. - • ' �^•
<br />- �t��.event of fareclosure of this Security Instrument or�:F:r transf�r aif ti�te to tEie Pir�erty��stinguishes the - 3,.�'t
<br /> ,,��;
<br />- indebte�ss;all right,title and inter�of Borrower in and to ir�.<ur-.�,�:c T�i���:��.'►force s1:�11�ss io L"�e purchaseu '',,...
<br /> � 'OecuWacy+ Pnserv9ti�q�r.'.bialatenance �ed Pra�s�r�a mP��*operty; Boro�ower s La�n Appliptk4;. - �;�:`; .,� �;�•:�,:-;
<br /> I,pmebold,�. Bonou,�shall oc -ry;establish.and use the Ps:�peizy as B�n'awer�principal residence within sixty days.. :�
<br /> afur the eaecation���Seceriry insuument and shali continae to occupy�l���ropeRy as B o r r o w e r's p ri n c ipal r e s�d e n ce ':� ?�4'�+�
<br /> ,>�?�;,
<br /> for at least one year�.fr�st,he date of occupancy.unless the Secretary determir,��.r�;is requ�rement will cause wtduc hazdship 5��;
<br />- !or Borrower.oc rn�::.�s eatenuating circumstances exist which are beyond i�yrrower's control. Borrower shall notify t,,.-
<br />= l�etiders of any extenuating circumstances. Borrower shall nat commit waste os destroy,d�mage or substandalty change �':'�`
<br />.- the property or allow the Property to deteriorate,reasoaabfe wear and teaz cxcepted. I.ender.r^ay mspect tLe Property if the
<br /> Prvperty is vacant ar¢bandoned or the loan is in default. l.ender may take reasonable actior��to protect and preserve such
<br /> vac�uft or abandonai.L�tvperty. Borrower shall also be in default if Bortower.during the toan applicatan process.gave , ;,.
<br /> materiall�r false ar irtaxurate infortnatIon ol statements tv Lender (or faifs�3 to provide l.ender �itl� any matenal �•� .
<br /> informapo�)in co�ectYOn with tUe loan evidenced by the Note,including:�+�.c r�ot limited ta.represen�tions conceming ,- ��,;`
<br /> Borrowers occupancy of the Property as apnncipal ressdence. If tfris Secunty�rstr�ment is on a leasehoid,Botrower shall• ,
<br /> comply witfr t6e prav�ons of thc leasc. If Barrower acquires fe::atte to the Roperry.thr Ipschold and fec titk shall nat � .:
<br /> be merae�unkss Lender agrees to the merger in wrifing. �=
<br /> i� �f+ow fo�re+Iwer aed Protection of f.ender's Ri�tt M tlie Ptogerts: Bortower shall pay ali govemmcntal : ,,.
<br /> or,arieicipal c�urc'ges.fuots and imposi6ons that are not included in Paragr.y�h�. Borrower shall pay thex obLgations on `:`
<br /> t�.,'
<br /> dme ditxtly to the eutity which is owed the payment. If failuct to pay wuuld adversely affect Lender's intecest ln ttte i.:�
<br /> PYopeity,upon l.ender�s request Borrower shall promptiy fumish to Lender receipts evidencing the�e payments. r�
<br /> If Bortower fsils to malce these paymenu a the payments nquired by �'arap,raph 2.or fa�is to perfmm any other . '�•�.
<br /> ewemels aad a�tneeus ca�t�ined in this 5ecnrLy tacmm�em.or there is a kgal proceedmg that ma s�geifipody affect �' :
<br /> l,aaderl riaMs ie tf�Rnpeity(such ss a pcocading in banktuptcy,for condemnatian or to enforce�aWS 0/R8{I�d1S�. �_;,
<br /> tl�ee lrender tn�y da and pay whatever is necessauy to prvtect the value of the P►o p e r t y and Lender's ri g hts in the PropeRy, �.�.
<br /> inciuding payroent of taaes.ha��rd iasnranca and other items mentioned in Faragra h 2. �.�_
<br /> ►ny amamts disb�uaed by Lender udder thi�P��raph shall Decome ao�twn�l debt qf Bo�rowtr u�d be sccured ».:
<br /> yy�w��Secudty tmuument. TUeae a�eaunts sh�ll beu mterest fran tl�e date of disburaement,at the Note Tate.and at the
<br /> ,' op8on otl.ender,sL�ll be imraed'iately due aad pry�ble. , �•`
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<br /> 7. G�ie�fi�.7Le proceed�at+�y aw�rd or claim for d�unages.direct or consequential,in c�u�oction with any �:t
<br /> epsdema�tioe a aber taluna of aey prt of tbe Prap�aty.or far ca�veyaece in place of a�ndemnatloe.are hereby assig�d ��-
<br /> �ed�6W be pod to Leeder b tbe ex�mt ot d�e full amowK of t6e iedeMedness th�t rero�in�uepaid under the Naie ana this _
<br /> �� L,e a d�t r s l a l!a p p l y�a u�6 p r o c e e t h t o t h e radretiao otthe indebtedness wider the Nde and Ws Security °-"
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<br /> ----- —�--��rii'i�fi�.f�eta� �pm��appGe�io tbe a�d�er provlda�in F�ap��3.aa3 tiien scr � �_
<br /> ' ' p�� �Y�PP��P�'���� p�DV e1�U eot extend or postpoea the due d�te ol'�i�thty ;q,�''
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<br /> �, b+d�2a�lA�rt1 . ,1 —
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