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<br /> , . 1. tl�wt�ttYetMl,�k�t Mi larle CW� �sl�p�y w�d�►due t6c peineip�t ot.�ad iaia�e�t dR.
<br /> ' d�a debt ev�dmded Iry`�tre Nole�ad iMe,cLr�es.�e mdef thc Nole: . � � � •
<br /> . :.M�Yf j4!�b�f'1l�ea,��a4 EIlrar(�. Han+ava d�1i include in e��oa�e�y pay�ast.
<br /> � ' ' � � �w�i&the p�ioc�pd�od�a�set fanb in the.No1e an��►1�e cbr�es+an in�t@I�aaat bE�nY h)��� � � '
<br /> . . �a�.t��a�o��rea.�.cm��y.ro�k�,aaw�a�a�oa m�rno�aey..na �• . `
<br /> , •cc)P���4+��br�4• . :. . . , . � . , .
<br /> � . • E�mcil�tNY imtiila�tt far ilrnu(s�(b)ind.(c)s1�11 a9w1 oao-ts�lftA of tl�e�.�mo�ws+ac�►
<br /> est�ted by:i,ea¢er, �in�w�t�to in�intd4�n additioaat i�hooe o�tqt mae dput�aae�siudA•of.lhe ' .
<br /> -- --. . tnontb befare an i�em�rwlb bxatne delioquent Larder stall hoW the amouota coltected in trmt to pty i�am(a}.N)�ad ', " -
<br /> (c)befane d�ey became � -� - -- � - -- ----
<br /> — — - - =6� �a�tams a, ��, Y . .
<br /> . payutimts for soch items payabk to piior w the due d�ts of such items.e by moti tiun aoe-sutb fbe .
<br /> . �ed�k of PaYmeKS�oqoi�ei•to y s�1t iams wt�n du�,aad if�an die�l�c�e are auaeat.�heo i�eades '
<br /> aMU eid�a iefuod dre exass over oa�of d�e estim�tod p�y�oans ar tha eacess oves aoo�aiuh of�eitim�led, �: .
<br /> � ,P����P�Y�+�bY Barowa.�t ihe vptiaa of Banowa. I�d�whl of the paymeots made,by�o�mMer -
<br /> far baft(a):(i►).or(c)�is�10 pry' die ioan wbea due.dxa BortoMer slWl pay w Laider aey amo�ntneoasary to -
<br /> rn�ke.up'the deficia�cy oa a befae t6c d�the ite�n beraaes duc.
<br /> , As used in this Ser,uritq Iastr�t,"Sectetuy"means the Saaetary of Housing ud U�n Devela�pment ar hia ur ber .
<br /> � �daip�oe. la any,year in�drich We lxadet must qy a mortg�ge ia.s�aance p�emium to dtt Secr�tuy,eac��[q paqmau
<br /> slWl also inciude either: (i).an inst�Ua�mt of tt��al mortgage insarauc�e psemiwn w be prid by I�eoder�o t6c
<br /> Sbet+etary.ac(uj�moothly charge i�tpd of a matgage inw�aoce pc�e.mium if tLis Secuiity Tasmm�mt is!x?d!ry die
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<br /> .�7Cfi[�t. �C�l IDOIIi�1��11113f�fiCQl Qf t�lC ltlSlIIa0�7C�[�lU�$�l�IE 1D�Il�QIO[IM�1CIEaE t0�1�
<br /> filu a111Yi1!p0[[��C 111S1t[71t1CC�iY��T OOC� i0 tb6�tC t�fC ftlu�!OO![EtBE 1IISIi��IOC ,
<br /> �[RI111111i!f�[O 1�16�OCPEi3t�1:Of if[�&$CCYti��ft0111M1 IS�tu0$OCIE[it]rs CiCh D10p�fl�t CI18fgC S11i�6C lIl�A
<br /> � saowrt equal to aae-twelflh of ao�6�t1€pe�+omt af tix outsta�idin8 P��P���daa o�the Note. :� . .: ,
<br /> If Bormwer tet�ders to L.ende�d�e full paymerrt q€�al!smns sec�uod by this Sa�rity�nanaa,BoRarava�acceunt
<br /> �ull be cadioed with tbe b�laact nmainimg fa all inuallments for itans(a).(b)and(c)�nd any mo�tgage inau�anoe •
<br /> ptemium in�talltnent thu l.ender has not becane oblisatal to pay to tbe Sa�netazy,wxi Lender sball prnmptiy refaod�njr
<br /> exass fw�ds to 8otmwet. Immediately piior to a faeclosane sak of the P►?a�pecry or its acquisirian by I.ender,Barowa*s'
<br /> - aoraw�t shaU be c�+edited with aay balance nmaining for all instailmeats fa ueins fa),(b)and(c)`.. ,
<br /> - - 3. Appiication otPl�ynienfs. AII payments under Paragraphs t and 2 st�all be a�plied by t;eader'as follows: .
<br /> , ��,to the mortgage insunu�ce pnemi�un to 6e paid by Lender to the SecnKary or to the montLiy charge by the
<br /> Sec�etac;r instesd of the monthiy mortgage insu:ance prem�nm.
<br /> - ' �.to any ta�ces,special assessmrnu�leasehold paymrnu or ground:ents.and fire,floc�d and other hazatd
<br /> u�surence preioiums,as requlred; , � , . ,
<br /> _-- �j$Q,to intesest due under the Nflte; ' , . ' .
<br /> = EQj�,to anwm�ation of the priacipal of the Nou: , ' . •
<br />`'�1 �.to late charges due w�derthc Nae.
<br />:;,,,;� 1. Fire,l�7ood and Other Hazard Insaranca Borrower shall insure all improvements on the Propetty,whether now
<br /> in existence or subseqnendy encted,against any haTatds,casua(ties,and contingen�es.includ�fire,for which LCt�des
<br /> nqui�es insurance. 7l�is insUrance shall be mainta�ned in the amounts and for ths periods.thae E:�3�.�s requires. Haiawer
<br /> shali also insure alf impmvements on the Ptoperty.whctliet irow in esistence ar subsequently er��,ag�inst loss by floods
<br /> ' to the eztent required by the Sac�etary. Ali insurance shaU be cazried with companies approved�sy i.ender. Tfie insura�ice
<br /> .�• �°''� •`� policies and az►y renewais shall be hetd by Lender and shall include Ioss payable clauses in favor of.and in a foan
<br /> ar;`. . { acceptable to.Lender. '
<br /> ;;�;,�:1�«:+•�,�',;.,,c�u . In the event of loss.Bor►vwer shall give Lender immediate notice by mai1. Lender may rnake proof of loss if irot
<br /> • � .�-:..�. _:,.�. '" m�de promptly by Botrower. Each insurance campany concemed is hereby authorized and c�-�;..^r�d to make payment for
<br /> _ �.�?:�=.:.:�' °':-.. such loss directly to Lender,instead of to Borrower and to l.ender jointty. All or any part.of the�n�surance proceeds may be
<br /> �-F-,l�.;� ;�.,�.;:.: . , applied by l.ender.at iu option.either(a)to the reducrion of the indebtedness under the Note xsd this Securiry Insdunxnt;
<br />_ �.• - f�st fo any deliayuent amounts applied ia the order in Paragraph 3.and then to prepayment nf principal.or(b)to the
<br /> �''•�`' �•����' restoration or re ayir of the dama ed ro An a hcation of the raceeds to the nnci al shall not eatend or s
<br /> .,., �,. � _ P S P Pert3+• Y PP� P P P A�tP�
<br /> • �x��3 • ` . the due date of the monthly payments which are referred to in Paragraph 2.or chang,e tne a.rnu;Fr.i of such payments. Any
<br /> . - , • ... : eacess insurance praceeds over an amaunt rcyuired ta pay all outstanding indebtedness un�ec�x Note and this Security '
<br /> . . • ' Instrument sha116e paid to the emity Iegally entitled thereto.
<br /> `�• In the event of foceclosurc of this Secuaty lnstrument or other transfer of title to fhe Property that extinguishes the
<br /> ' '''-' :� indebtedness,all righ�title and interest of Boaower in and to insurance policies in torce shall pass to the purchaser.
<br /> � � 3. Ooeupancy, Preservation, Maintenance and Protectlon of the Property; Borrower's Loan Application; •
<br />- � 4 ., ' • Lea�ehold.a. Bo�rower shall oceupy,establish.and use the Pruperty as Borrawer�pnncipal residence within sixty days
<br /> c
<br /> . � - af►er�he executian of this Security lnsuument and shall continue to occupy the Property a4 Borrower's principal residence
<br /> " for at teast one year After the data of occupancy.unless the Secretary determines this requirement wi11 cause undue hardship
<br /> ' �. , for Borrower.or pnless extenuating circumstances exist which are beyond Bom�wer's control. Borrower shall notlfy
<br />- ; ,' • • ` r,enderc of uny eutenuating circumstances. Borrar,rer shall not cqmmit waste ar destroy,damage or substactr:LSy change .
<br /> ' • t the Property or allow the Property to deteriorate.reasonablc wear and tear excepted. t.crtder may�nspect the Pt�rty if the
<br />' . . � � �� Praperty is vacant ar abandoned or the loan is in defau[t. Lender may take reasonable zction td protect and preserve such �
<br /> - ' , vqcant or nbandoned Ptoperty: Borrower shall alsu be in defauit if Borrower,durin�the loaco application process.gave
<br /> matefially fal�e nr inaccuratr mfvrmution or statements to Lender (or failCd to provide f�:nder with any matedal
<br /> ' infnrtnauon)in cnnnection with ihe loan evidenced by the Note.inctuding,but nat Umited to.representations conceming
<br />. • '� - Borrower!�occupancy of the PropeAy as a principal residence. If th9s Securiry fnstrument is on a teasehold.$orrower shall _
<br /> canply with thc pnrvisions of'the Icase. If Borrower acquires fe��title to the Propeny.th�leasehold and fee titte shall not �
<br /> . bo mcrged unless Lcndcr agrees to the merger in writing. • ,
<br /> - ' - � f. CiwrRes tu$arower and Protectlon of l.ender's Rights in the Pcoperty. Borrouec shali pay ail govemmental
<br /> _ _��.:,,� �_ �. � or municlpul charges,fines and impositions that are not included in Paragraph 2. �onower v.ha8i pay these obllgations on
<br /> time dirccUy ro thc entiry which iti uwed the payment. If failure to pay would adverxty affect Lender's interest in the
<br />-' • � ' Pmperty.upan l.ender's•requetit 8otrower sha11 promptly fumish to Lender receipts evidencing these p�yments.
<br /> ;�� . ; • • Ii'8orrow�r fails to make these payments or the pay�nents rcyuired by i'aragraph 2. or fails to pedorm any other
<br /> -=;,;.�-,;i_ . ��ven�nt»end t�greerr�ntq contained in this 5ecudry Intitrument,or there is u legal proceeding that may significantly affect .
<br /> �r• . �°; . : � l,ender9 rights in the f�ropeny(such as a proceeding in bankruptcy.for wndemnatton or to enforce laws or regulations).
<br /> • �--_. .�-x . tl�en lxmkr may do and pay whatever is necessary to protect the value of ihe Property and Lender's rights in the Prope�ty.
<br /> .. ��-. inctuding payment uf tazes,h;u:ird insurance�u►d nther�tems mentioned in Parag�aph 2.
<br /> � ,,,,,. , qny umounts disbursed by Lender under this Paia�raph shall 6ecome an udditional debt of Bolrower and be secured
<br /> : - , by this Sccuaty Insuumcnt. TAese nmuunts shall beat mtcrest from the date oi disbursement.at the Note rate,and at the
<br /> • � � apli�n of l.ender.shal!he imtncdi�tefy due and payable.
<br /> _4��-�. '� . - �. Candemeation. The proceedv nf any nward or claim for damages,direct or consequential.ln connection witb any
<br /> .�F: ' . ,, condemnAtion or ather taking of any part of the Property.or for conFCyance in place of condemnation.are hereby assigned
<br /> ' and sliall be paid to l.cnder to thc eatcnt of thc full amount of the indebtedness that remains unpaid under the Note and Uus
<br /> �V ;.=•� ` Serurit InsWrtient. l.ander sh�ll a 1 such raceeds to the reduction of the indebtedness under the Note and this Securiry �
<br /> • _.,_•_�__, 9 PPY P
<br /> , _- - �.� � insttum¢nt. fint tv�vny deiinquent:u�wunis aypii�i i�t U�urdrr pruvidrJ it�f�nrugraph 3.�ujd�wrt tu prep»yn�ent oP :
<br /> _=� • ' princip�l. Any uppliration�►f the�roceed�to the principal shall not extend or postpone the due date of the monthly
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