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<br /> � � L l�we�t d hi�N�.1,1�Ne�t sri Ltlr Crrye. �o�ro�a s4.0 py�rt�me pcincip!d aed m�aiat aa. • .
<br /> � '• t4e debt evidenc�d b�r`i�e Nale and l�ee c�e�dae�der the , . . � �
<br /> � � Z.,M�IMiy Mlreufs d 71u�.�iwr�oe a�i[klies Ci� Bo�rowa sAwU includ�ia each m�oad�lY p�rn�eM.
<br /> 1a�w�idt We priec�p�l.yod�io�est as set faRb�at t6e Note sod�ny I�e chrses.�u na�llma�t o€�r(a)�es�sd .
<br /> � apxid�aWa�14wied vr ps be levied+�g+uns�We Piapttty.(b?le�sel�c�ld paymen�vr�o�A reeta ae tbe AopeEfy.md
<br /> ' • (�)P�i�u for io.wanoe iequioed bY P�ra�ph 4- �
<br /> Fic6 maotbiy u�tslfaKnt for ioans(a�,(bl aod(c)sbaU eqwi aoe-twelfth oE the aMual amamts.�,re�aeaMy
<br /> astm�cd�ry Exitder,plus m'amoonR suf�icient to maintaut�n addit3aK+�i balanoe of not mo�e tb�n aeo-w�b of the •
<br /> �teed amat�ts. 'I'f�G fait�awai aenaant fot each ioem st�H bc wcumWsied by I�r wid�ia s per'sod eadi�a� :
<br /> _ taaoth 6efaa an i0dn woul¢b�delLxlaeat. i�eader shall hold d�e unouat$colkctocl in uust w pay ite�as(a?,@?�.
<br /> _ -- (cy 1+efaie they became delioque�. �
<br /> —.------___._ , -- - ���.'+��._the�:tn�al of the��ts Mla.-6Y_Ls.ada fac�ems_(a).(b}and(c).togaLei witil the fuWne�montWy
<br /> _ _ _p�fa ane6 i�ems,qyabk w Lsnder p�ax to tbe due d�te�c sac su6`—au.eacee�s�moce�i = -�-- --
<br /> ��anauut�of pay�neats tecpimed topay suc[�items wben du�,and if psycnetjts a►the Nate�te cuaent,l�n I�der
<br /> : s1s�U es�t refi�nd the excess ova aK-sixth of tbe estim�ed pay�a ts or cncht the exass mer a�e-siuth of d�e e.gtimeted
<br /> p�ymaat�to�s»b�t•WY�bY�w�.at tLe option of Bon�wa..if tt�a totai of the paymrnts mada by•Banuwer .
<br /> fa itan(a�(b):oc(c)is�to p�►y the item when due tlkn llorrvw4�sbaU p�y w I�eador a►g amount.nea.wiy q�;..
<br /> m�ice up tbe deficieocy an a befae the daoe t6a item bocAmes due. .
<br /> As ased ia t6is Saciuiry Ia�ument,"Saxetary"means the Secsetary of Housing and Ur6a�t-Dzw�iq�mmc ar hi�w her
<br /> � desigooe. W wy yar in which tbe Lender must y A�uactgage iaw��oe p�emium m tbe Saxta�y,e�ch�tg paYmmt
<br /> �u
<br /> j� sha]}also includa eithec (i)an instaltment o the a�u�aal mortgage insittance pcemium to be p�id by Ixnder m the
<br /> Secnet�r,ar.(iij a monthly chuge inuead of a mortgage ins�noe premium if this Secunry Iasflnunent�s 6t1d 6y tt�
<br /> � Secr�wy. Fae6 a�andily i���t,,,�,t af the mortgage msw�noe pnmiam shaU be in aa amamnt m�cient w aoc�umul�tc t6e '
<br /> - fuU wnuat mortp�ge.insurmce pemium with Lender one month prior to the date tha full am�ual mortgagE ies�ao�e.
<br /> p�eaaiam is dae to the�lary;oc if this Sec�uity Iaqnvnent ls 6etd by t6e Soc�etar}4 each monthty chatgt s�aTt bc in aA
<br /> amount eqnal to oae-twelfdf of a�o-hatf pe�nt of the a�ag pcukipal bala�ne due on the Nate. � :
<br /> If Bamwer tenders to I.endec the fuU pay�t�ent of all s�ins�bg t�ns 5ecurity In�nt.Bomower`s accaa���;..
<br /> sh3U be cndited with the 6otance[�emaining far all mst�llmems€�ir�ts�('�.tb)and(c)and,ar►Y mortgage insw's�e�;�
<br /> � � pnmi�m installnxnt that I.eixkr das rwt became obllgated to pay ca r•1r'Sei.serasy,and Lender st�all P�T�Y refund�;. ;
<br />_ eacesc fimds to Borrower. Lnmodiately prior to a foreclosuTe sak c5,3�hz�ri'or its acquisiticjn by Lender,Botroa�,.,:;;.
<br />- .. aecoaat sha11 be cieditod�xitb any batance remaining for atl insiallmeau for iterr�s�a},(1�)and tc k � ..;. �
<br />- 3.Appliatioo otP�tpments. All payments under Pgragraphs 1 and 2 sha�k 6e'aPPlied by Lcncter as foI€�v�� .,.� ` _.
<br /> -_ • Fjg$T,to the mortgage uuurance picmwm to 1x paid by Leader to the Secc�siy or to the monthly ch�g�b�the; ,� -
<br /> Secntary inst�d of the monthly mottgage msnrance premtum; � � .:• •� . : • �_---
<br /> - � ---- --- �,to any ta�ces,special assessments,leasehold payments or gmund rents,and fire.�t�and a�r����. � , --
<br />- �ns�x premiutns,asroq uired: • . .�-_�
<br /> - • �,toint�n�stdueandertheNoce; � • , ' �___._
<br /> '� '. ` � w amoRization of tl�e principal of ti�e 11��ae: . . • .
<br /> � . - � ' " � ,to tate charges due under the Note. • ' -
<br /> :_:- --_ __ _-_. ,_: ' ' q.�Fiood s�i3iaer H�rd L-�sau�sca L'ac�or�zr sd���e aR impmvemcnts ost tbe Rop�rf�N��t��_;:..';:. `n'�"`: -,
<br /> %i in exlstea��subsequently etected,against any ha�ards.casu���.and contingencies.including,fue.fnr wsicii l.e�ier �:: .''; �{;;�.��
<br /> ' ���•'�=r�� requins i��nce. Tius insurancc shall be maintazned i�the amoudcs and for the periods that Lendet requires. Borrow�, . :;-�;•;-
<br /> ` � shail also insure all improvements on the Property.a�er now in existence or subsequently erected,again��`oss,by.t3oads�` ' � Y'^�,�+r�
<br /> �-:'-.:: �.... ,. •;;
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<br />- � �� ; .._,,, ,, : to the eatent requimd by the Secretary. AI!insurance sha11 be carried with campanies approved by Lender. 'E�$,insurance :.+�,��••: ,
<br />° •:�-�._;: policies and any renewals shall be held by Lender and shall include loss payable clauses in favor of.••�rQ.:in�a fortn • .- �.�:
<br /> + '�� . . • ;• acceptable to,l.eader. ' � ",.��=
<br /> � �"•��'-','••�`�••. � In the event of toss,Boaower shall give Lender immediate noticc by mail. Lender may make proof of toss if not . - . �•..
<br /> ..�..,.. � ....
<br />' �1� � � �°�; made promptly by Borrower. Eacb insurance wmparry concemed is ftereby authorized and directed to make payment for ;t:.
<br /> :3,'•'�'�=•�!i'�� sucb loss directly to Lender.instead of to Bortawer anct to Lender jointly. AU or any part of the insurance praceeds may be ` _-
<br /> ��i�`r':� '° � app li e d by L en d er,at i ts op pon,ei t her(a)to t h e re duclian of thc indebtedncss under the Note and this Securit5r;instrumcn� � .
<br /> �"�' � ' fiist to an del' uent amounts a lied in the order in Para h 3.and then to re ment of nnci ul�.�r.�. to tt�a •
<br /> ' �r`,Yz��- -'. y i►�Q PP S�� P PaY, P� P tb? � .. _ .
<br /> _•x: :' restoration Or repa�r of the damaged property. Any application o the praceeds ta the princ�pal shall not extendorpastpana "�
<br />.;�::`.� the due d2��of the monthly payments which are teferred to in Paragmph«.ar change the amount of such pay�ents. Anq,;�, ..
<br /> ' � ' ' � .;•';, ` eacess ir.s�-�:e praceeds over an amount required to pay ail outstanding•indebtednetis undcr tho Notc and x�..4.Securts��� • . . --�
<br /> . .,.j�:. ';'.. . ':;i��„ . ` ..
<br /> ;.,;;,;;,;;r�,., . ��;�,;�� . Inspume:.�s��;l be paid to the entity legally entitled thereto. . ; ° ,
<br /> �`''��"-�' � In the event af foreclosure of this Sccurity Inswment or other transfcr of iitic co ihe Praperty that e�ti,�ui�shas��e-." •; ,_
<br /> ,o,�.::,� , . " :�i�.,.
<br /> � -'�F+.'�� ' • indebtednes�.a11 righ�ri�e and interest of Borrower is and to insurance policies in fan;c shall pa.�s to the purc4us�r.. . ,,;..:: .
<br /> 4 � ' :�,�;. 5. Occupancy, Preservatioa, !N�lntenance and Protectton of the PrupeMy: Borrower's 1.aan�A y�ieat?�qC ;:" �
<br /> -^�:*•��.:;..._ � ;:`.:.'r;:' Leasehotds. Borrower shall occup}:'e�a�rlltih.and use the Property a.c Bortou•ery pnncipal residence wiU':ir�::sixry da)�s.: � ;��� � .;, .., � •
<br /> ,} ��,..,.�, after the execution of this Security te,4�„�t��cit and shall cantinue to occupy the Property as Borrawer's principal residence {
<br /> • for at least one year after the date of occcpancy,untess the 5ecretary determiner thi�rcyuirement wifl cause u.^-d�e hardship ;� .
<br /> • �� �,.�� t. . � . . , .
<br /> for Bortower. or unles.s extenuatins circumstances exist which are beyond Borraw•ers conirol. Borrow��-shall notify �.•,:•.
<br /> _.,t„t,:;;,;, : . . l.enders of�any extenuating circumstances. Bamou�v�:�all not commit watite or de,tray.damage or sntrsraa.`'•altychange ; '
<br /> �,•�::..: :. :.... . the Property or ullow the Property to dcteriorate,rea:+�a51e wear and tcar excepted. l.ender may mspect the Pr�ysGrty if the E � . .
<br /> . � Property is vacant or abandoned or the loan is in defauit. Lender r�ap tuke n•u+onable action to protect and prtir.2rve such�: �
<br /> ` �� vacant or abandoned Roperty. Borrowcr shall also be in defau,t;�Botroaer,during tho lo;u��applicatian�r,ocess.�vc+'• ' �
<br /> materiaily false or inacrurate information or statements to Ler.�ier lor failcd to pmvide��[:endet aith�atty•muter►�1��� . � '
<br /> . , • � • infotmatron)in connection with the loan evidenced b} the Note,incluJing,but not limited to.reprc>sentati�xita�sancemin� � .;; .
<br /> . r. . '$omower's occupancy of the Prnperty as a princip�t ms:dencc. If this Secunty�In+trument•is on a lear•ehotd:�8t.�awer shali i�;'.:;� .
<br /> �� •.� �� • � . comply with the provisions of the lcasc. If Borra+>:a�quircn�fce titlo to iho Pruperty.thu Icaschufd utid fi�t titfC+�h�ill not � ���.
<br /> "`.. • � .� i,'���, be merge�unless Lendcr agrees to the rer�er in wrir.ng. ` ` . . --
<br /> - ' � �-�'��`��`� 6 Cb�ss to Borrower and Prca`.eciion ot Lender's Rlghtw in'the Property. Horrow,.r�shattpa�all govemmcntal � - � '
<br /> :::.,:. :
<br /> ,;.z,_:,.: � or municipat tharges.fines and impositians thut s�re not included in Par�gtuph 2. Bonower shalt{lap�thase obl�gadons on
<br />- �=e,,:�`, . , ' time d3recUy to the entity which is owed tha payment.��lf failure ro p�y�vould advenety nffect Lenders intete�t in the � •
<br />- Pmpeity,upon Lender w reyuest 8orrower tihall promptly t'umish to Lender receipt+evidencing these payments� ; • ,
<br /> _ �•�; ,.. • If Borrowet fails to make these paymentz or thv�pay�mcnis required by Paragraph 2.or fails to perfatm any other �
<br />= ' = '�:='- - coven�nts and a$reements cuniained in this Security•(nstrumeri�or there is a teg�il procceding lhat may s�gnifieantly:�ffect .
<br />•-...�; ::.x�':' ' " • I.ender's rights�n the Froperty(such as a praceeding in bankruptcy,for condemnation or to enforce 1•aws or mgulations). ;
<br /> `"!� " then Lender mn dn and a whatever is necess to rotcct the value of thr Rn rt and Lender�ri hts in the Pto
<br /> -. i - Y P Y �Y P PC Y' � PertY•
<br /> 4 including payment of taxes.hazard insurancc and othcr items mcntivned in Psragraph 2.
<br /> ° � ,�:���.,.___ .,.,.._ ; :A ny a m o u n t s d i s b�r s e d by L e n d e r u n d e r t h i s P a r ayrap h s hall b ecomc an additiunal dcbt uf Burrowcr and be secured �
<br /> � � ''"- • by this Security Inswmem. These amountc sha8 be:v mterest fmm the date of disbunement.at the NIote rata.:�nd at thc .
<br />: �.�� �;;•.:.- �-. . option of I.ender.shall be immedtately due and payabie.
<br /> -;:�='= 7. Cuedemnation. The proceeds of any uw:uJ of claim tor damagcs,direct�r eon.ccyaential.in connecHbn with any ,
<br /> �. '. , ; condemnation or otttet takin�oi any part of the Praperty.or for conveyanre in place of condrmnutiun,are hereby ass��ned ,' •
<br /> ' �.h"��"'- ' and sh�ll be d to l.ender to the extent of the full ampunt of the indebtcdncss�hat rcmains urtpaid under the Nate and this . �
<br /> ,.�:, � . :., s pai �. .
<br /> �. �r u�__ Seeuti t y tnsuurnen� Lendtr shall apply sucb proceedc to the reduction of�he indebtedness under the Nate nnd this Seeurity
<br /> - -- -�,1 ° Ti�sfiumenb first to ady deilnquetft �fnattrtis apptied'in t fie o r d e r pravi de d in f'a T�g r a p h 3.an d t hen tv�rep-a ymen t u f - ----•---� _. _
<br /> _ pdncipal, �My�appllcadun of the praceeds to ihe principal shall nnt e�tend or pusipone the due date of the monthly � . •
<br /> --- :.�. " ' '
<br /> '•;.: . • �
<br /> ., -.,::: . . , IprRe2aJ4/xrge,ri
<br /> � �,il, � � . �' • ..-. .
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