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<br /> � • � �. h7�e�1�t�'i�eiMt�bkrest a�/I.ak t.'f�e� Bor�uw�er sMll pty�whai due the pti�e'�i tr��nd�Olete�t cn. ;
<br /> tAc debt�videnoed byr tBe Nate aiW bMe�cs due uader t!�Na�e. - .
<br /> � M�7 l�7�1�a 73u�e�,�+�a�/Oliee BoRtvarer shall iaclude ia acb�pqn�ee�
<br /> . �w;�t�e princjpd and'We�est.s set cohe in�e rw�e�y tsce ctarges,x�i�taiima�c af�ta�tuCa�nd �. , ,
<br /> special at�s�aents IevTicd ar m be kvie�i against tKe Ptoperty.(b)taadiold p�yments or gmued�rs on tl�e Prope�ty.�od
<br /> (c)P�forL�r�Ce���►�.4� � . . � .
<br /> ' '_ �..�aeh mond�ty-�for i�ems(a},(t►)aed(c)sd�ll a�wl cAe�tr"elRh�the aonu�l�imauYS.ss reaypaibly. .
<br /> atar�od by l�euder,plas an amo�cnt soffi�ieat to mamnin in adfi6onai b�latw�e qi mt mae thsn ane�si���f d�e ;.
<br /> � '�nated a�nomNS. liie fall$nasl mwvnt for eych item si�all be acc9mal�ted by l�e�ider within a pefiod eedinE aae _
<br /> a�at�befae�o item watd beFame dolitqueM. lxoder si�ai�hotd t[�e a�it�calk+eted in mist to pay�items(a).(b)�nd
<br /> (c?befae t6ey bec,oiene delioqiient . � , . •
<br /> If u aoy tuoe tlie wtal�of�e pa U�W!�y 1.eader far items ta);ro)��ad tc),togal�er wid�i�e�'ut�R'!ao�hi3►
<br /> . P�Y��fa sucb itema payabk to a�r prior w tho due d�Des of sucb iteaos.exoeeds by mo�e thm aae-s�xth the
<br /> ��n�ate�unauM of PRYments�equaed top�y such�ana whep due.and if ps�aa dre Note a�e c�t,dien i.en�kr
<br /> ��nll eid�tefad the exc4ss ov�oee-six�b of the estnnatod payir�cnts or . ti��cess arer 000-sixth of d�e�'
<br /> � pry�s��9��WY�b!F Borrower,at she option of Borrowa: If th�tom�rl.afti�payments nnde by Forn�*�er
<br /> � fot item(a),(b).ar(c�is insufficitat to pvy the ium whn duc.tden Bam�wer shalT�y ta Ldskr any amottat pooessaty to
<br /> m�e up the deficier�y oa ar befa�e the daoe the item boc+omes due. � .,. , .:.
<br /> � As�sed in dvs Sacudty htsuun�ent,"SecKtuy°nxans tLe Sec�etary of Hoi�sin��d:�Jcb�Dk.w�. or Ius ar 6er
<br /> desiAxe. In any year in which the Leader must pay a matgage insutanoe preauant w tiie�,�tWy'.:Lraymeat
<br /> s6all atso mctudo either: (i} an iactaUme�n of the annual matgage i�u�x pcemiuc�in_6o paid try I;etKi4r'tu ti�e
<br /> Seciet�y.ot(a)a momhly chatg�itdstead of a mottgage insur�cx psemium if dns.Secv�ly�t is.6eEd�.fi�c i3re .
<br /> Satots�cy. Fach monthly instatlmtnt of tde m msaraeece pieminm shall be,in an miount sn�'icieat m soaani�Tabe E4ie
<br /> i
<br /> - •fall annual mortgage insarance pKminm�vidi��c one�uatf�prioc oa�e date'd�e fi�tl an�;.uia�gage u�uaxe
<br /> �is due to die Soc�etary:or if this 5ecunt�!.'rtnstnu�tis hcid 6y.the 5ocreetuy,exh monthI�cfisr;�e s1isU be ip an
<br /> oqwl w one-tweifth of ont-l�atf pei+�ent of tbe a�ttst�nS P�N�balance doe on the Note.: .: �
<br /> ' � ff$cxtowet tenders tu Lender the full payment of a{I s�ms secutod by this Security InsCrutncnt,Bas�wer?s accaunt
<br /> • sf�11 be c[�edited with the bal8nce retnairnng for all inctAllme�t�for items(a),(b)aad(c�and any mortgage insuraaee
<br /> ptiemium installmeat dwt Lender has not berome obllgatetl to pay to the Sazetary.aad I.eader sf�all P�PUY refiuid any .
<br /> ' excess fuMs w Earmwer. Immediauly prior to a•foReclosune sale oPthe Fiv�eriy or iis aoqnisition by I.ender.Bamwer s ,
<br /> accoant s1�a11 be cceditai with aay balaace ncmaining for all instalUnents for crems(a),(U)and(c)• . .
<br /> 3. Applk�tloo o�Faymeeb. All payments under Pazag�aphs 1 and 2 shall�be applied by Lender as foUaws:
<br /> • �@�to t�e mortgage insurance premtum to he paid by Lender to the Seccetary or w!he monthly charge 6y the .
<br />-- S�tary instead of the moathly mortgage insurance pr�emwm; �-
<br /> �Q�p,to any taxes.special assessmentc,Ieasehold payments or ground rents.and fire.�lood an�at�sec Larhtd:-:,: .
<br /> insut�nce pmctiutns.as requind: . .':. i.::•�:!
<br />� _ �,to�st due under the Nae; • - _ ,
<br /> FQ�,W amartization of the prmcipa!�cze Note: • . •
<br /> ` r ,... �,to late charges dae uader the Note: : :.
<br /> — 0. F1re.F7ood awd 0�6e�'Ba�rd Inmr�aca Borrower shall insure atL��raveme�ts on the Property.whether�
<br /> -- in existence or subse�aendy e�i..�ga�st'aay Aazards,casualiies.and��cncieg.�duding fire,for wluch Lender �
<br />—= iequizes insurance. This insurance shall be m:��r=a+n�inthe amounts and itL:he periods that Lender requires. Borrower ,_,
<br /> =° shall also insure al�imp�ovements on the Prope�ty,whether now in existen�ti�r snbsequently erected,agamst loss by floods _
<br /> ' to the eatent requi�ed by the Sec�ary. All insurance shall be carried with�-�panies approved by Lender. The insurance =
<br />•� , poiicies and any renewals shall be held by Lender and shall include lass payable clauses in favor of. and in a form = -
<br /> acceptable to.Lender. �` �
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<br />� ln the event of loss.Borrower shall give Lender immediate notice by mail. Lender may make praof of loss if not �_:.
<br /> --= made promptly by Borrower. Each insurance company concemed is hereby authorized and directed to make payment for
<br /> �-' such toss dinctly to Lender.instead of to Borra��and to Lender jointly. Rf t or any pan of the insurance p�iceeds may be -
<br /> Y�t�-
<br /> ��. :...'. `., applied by Lender.at its oprion.eithcr(a)to tP�?a�aciion of the indebtedcr��u.ader the Note and this Sesuriiy 3nstrmnen� Y:
<br /> ., first to any delinquent amounis applied in L�:�..-c�er in Paragaph 3,ar:���a*to prepayment of principat.or(b}•[o!.h: �;'',t.
<br /> i�•: � restoration or repa�r of the dama����raperty. A:y applicatian af ihe procee�s•ro the principal shall not extend or po�-rr� ;,�
<br /> .��. the due date of the monthly g��e��s which a;e referred to irr�.,.ragraph r,;or change the amount of such paymenis.,t�cty ;:,'s:
<br /> ;� excess insurance praoeeds over:��.-lount ray�a�:rt:d to pay all ou�standnz�,4~debtednrss under the Note and this 5ecurity f{',,
<br /> Instrument shall be p�i��to ihe en-.:�y legalty e*s�,:�:d thereto. k;��
<br /> In the evens�ai t�.>�ectosure of this Secc^it�Snswment or other trnrr.�.�of title to the Property that extinguishes tt,�e ��•
<br /> indebtedness.a8 rigfib litle and 9nterest of Bors:,wer in and to insurance p�'r.i�s irt force sh�ll pass to the purchaser. �::_`��_
<br /> 5. Occuponcy, Preservation, Maintenance and Protedion nf t�e Property; Borrower's Loan ApplicnUUa�;
<br /> Lea4eholda Borrower shall occupy,establish,.artd use the Froperty ac Borrower's pnncipat msidenee within siaty days _
<br />- . after the execudon of this Security Instrumertt;.,�shall wnanue to occupy the Propeny as Burrower's principal res�dence
<br /> `��: for at leayt one year after the date of accupanc��.��ess the Secretary Eeterrr.sx.e.Y thlc requirement wilt cau_�undue hards6ip _
<br /> �� for Borrower.or unless eatenuating circunic��a:s exist which are bey�a.3�Borrower's control. Ba,.;.a�er shall notify s��"•
<br />,,.� L.enders of any exunuating circumstances. �t�ower shall not commic�u�.h:�or destroy.damage ar su�.n:r.antially change �' :'
<br /> ' the Property or aliow the PropectS co deteriorate,reasonable wear and rezr,exeepted. Lender muy mspect ii��Property if the �
<br /> , Froperty is vacant ar abandaned os the ioan is in default. Ler.�er r.�„;.r�z;:�ce masonable action ta protect and preserve such
<br /> vacant or abandoned Property. Sormwer ahall ulso be in default iF l�ircwer.during the Ioxn appticac�n process.gave �
<br /> — ' materiall�r false o� inaccurate tnfvrtnation �ca satements ta Lender �cr €ailed to pravide I.ender a�rh any matenal )'_:'..
<br /> infom�auon)in c�nQection with the Ioan es��:�,a:d by the Note.includ"in�,�6ut not limited to.represe�ti::�ons conceming F{�,
<br /> Borrower?s occttpac�ey af tht Proqerry�a��1 resrdatK:e. lf this Sec�ir�ry Instn�ment is on a leasehu?�i.Borrower shall �:
<br /> eomply with the pravisions oi tAe tease. I€&.ncwer acquires fee titfe to the Property.the Icasehold and fee title shail not
<br /> 6e merged unless L.ender agrees ta rhe merger ct writing. �
<br /> i. C6sryRa t�.Rorru�rEr and PrMec6�+e�ot 1,enQer's Itig�ts in the Piroperty. Borrower sha11 Qay alf govemm�ttal •
<br /> or mntucip�l c.fi�rges,fines and impositions tl+.s:�[are not included in Paragraph 2. Bartowet shall pay tlsese obligations an
<br /> time dizectly to the entity which is owed che�yment. If failure ta pay would adversely affect i.e�der's interest in the ;
<br /> plupeRy.upon Lender's rcqueat Borrower shall prompt1y fumish to Lender receiAts ev�dencing tfiese payrnenta.
<br /> " If Botmwer fails to make these payments.or the payments required by Paragraph 2,or fails to perfonu any otlter
<br /> covennts ands�eme nts canwitkd in this Security Inswment,or there is a legal proceeding that may significantly affect
<br /> LetKler's dghts in the Ptope»y(such as a proceedjng in bankruptcy.for condemnation ar to enforce laws or regnlanons).
<br /> tl�en Letxfer may do and pay wi�atever is necessary to protect the value af the Property and Lcnder's rights in the Property.
<br /> incl�di�r�paymrnt ot tmces�t�azud insurmce and otfier�tems mentior�ed ia Peregra�h.2. •
<br /> ` My a�eouota dlsbursed Dy Lender ur�der this Auagrapb shall become an add�t�on�l de6t oP Borrower aad be secured .'
<br /> by this Savrity Instnut�ent. 'Fhese�mountv sha11 bear intercst from the date of disbursemen�at the Ncxe rate,and at the
<br /> option d I.ender,�ull be immediately due�nd payabk. .
<br /> 7. Ce�/e�fio��'11�e pneerds of any award a ai�im for damages�dircct or ca�sequential,in connec6on with any '� '.
<br /> oo�dema�tioe a odKr tikie�ot my p�t of Lhe PropeRy,or for convey�nce in ptace ot condemnation,arc hereby assi�d •
<br /> ---.-_- -. �._�__ . .�ssnt�ba�p�sd e�l.cad�er so flse txeene of�c tW!ant�sc of she ia�lxtdaes�that remaias�paid under the Note snd�his.. .•-�.
<br /> Security l�tnunent LenQer sh�il apply sueb pmcads to the reduction of the indebtedness under thc Note and this Security —
<br /> L�tru�t,Cvst to ary delu'�q�t anwunts applied in the order prnvidad in Puagnph 3. and then top�a yment of
<br /> ptlocipal. My appikadon of tUe pmcee�b the principal shatt r�et exand or postpone the due date of the montlily
<br /> �� '� �v�1t�LnJ�paae.il , � 4. :_,:
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