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<br /> ' • ' .�' fY���4�. . �_-
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<br /> . . a f. ' p�yrrwnt� by Borrow�r, �t th� opUon of Borrow�. It th�toW of th� pay�rNnts nrM by 8orrow�► for k�rn (a), (b), or (o) Is
<br /> �5x�.+►rr,�=,`.c InsuMldrnt to pay th�RMn wh�n du�,th�n Barowr sh�M pry to Undo�ny�n►our�t��o�swy to m�k�up th�dMoimcy on a
<br /> bMore th�d�U 1h�k�n b�conNS du�.
<br /> . � Aa w�d h thl� 9�a�rfty instnun�nt, '8�or�ry' mwis th� 3�a�ry of Hawln� �nd U�bm D�v�lopnNnt or hN a h�r
<br /> �«�- , . dulpnw.In�ny yov N►whbh th�Lrnd�►mu�t p�y�morty�y�Insurmc�pr«nNur�w th�3�cnt�ry. Mch monthN Wrymmt sh�N (p
<br /> • ,r ;-� atso indud�Nlhr: m an InsLMrnmt oi th��nnw�l mortp�y�in�w�na prwr�fum tc b�pdd by LYnd�r to th�S�or
<br /> ;^r ., month c hsiNd of a mort �•�m + �
<br /> N turq� p�p� Insw�nc��r+Mnlum N thts S�cwily instrummt is hdd by th� S�a�tuy. Eaoh monthiy '
<br /> InaWkn�nt of th�mortp�p� inwnnc�pnmlum sFuf b�in�n amount wflloNnt to �cci:mWaU th�NN annud maty�p�Insumc�
<br /> '�:•�. pr�mium wNh L�ndw om month pdor to th�dat�th�IuN annwi matq�q�Insunna prwnium i�du�to th�S�crMary, or N thls ' �i
<br /> : � Sewrity Instrum�nt I� hdd by tha S�a�tary,woh manthly aharqs shaM b�b an anaunt pu�to on♦1w�Mlh of on�hall p�rc�nt 0
<br /> , . � of th�autat�ndin0 Prindpal bwnc�du�on th�Not�. �+i `—.�___-_
<br /> if Borrow�r Und�rs to Lmd�r ths fuN p�ynt�nt of�11 wms acund by this S�curity InaUum�nt, Borrowor's aceount�hail b� r,�
<br /> '� cndiNd with th�bWno�r�wk�inq for aM imvNrrNnts la Nwns (a).(b)and(oj and any morty�y�Insu�nu pr�nium In�taNm�nt � c
<br /> ` that L�ndsr has not baome obNp�tsd to p�y to th�3�u�tary,�nd Lenda►sh�l prompty rNund�r►y�xc�ss lunds to 8arow�r. � a=_— -
<br /> • �- Irtxn�dl�t�ly prlor to a fa�cimure sals of th�Prop�rty a fts acquisitlon by Lend�t, Bortow�r's acoount thaN b�ex�dil�d with any --
<br /> - - , bal�nc�r�w(nlnp ta aN hst�Nmonts tor ft�ns(U. (bI u►d(o)• �
<br /> - � 3.Appita�tion of P�ynunb.All paymmts und�r panyrapha 1 �nd 2 sh�ll b��ppYed by L�nder as follows: _
<br /> F11tt to th�rtwrty�ys Inauranc�pr«nium to i»paid by Lmd�r to tht S�a�t�ry a to th�monthFj chuq�by th�S«x�hry �_
<br /> � ?�Y � inst�ad of the monthiy morty�pe Insurancs premtum; �r;x:�T--
<br /> S�COnd, lo any taxes, speciai assnsm�t�, lea�ehold paymente or 9round nnta, and fk�, 11ood �nd othK huud '
<br /> hauranee pnmluma,an rcquked;
<br /> Third,to intereat due undar the Note; —
<br /> Fourth, to amoHixaUon of the principal of tht Notr,
<br /> FNth. to late ehuyea due undK the Nots.
<br /> � I 4. Firo, Flood and Othor Hasard insuraneo. 8orrower ah�il inauro aIi Mnprovementa on tne Propaiy,whNha ==- -
<br /> now in �xistence or subsequently erected, �painat any hezards, ctswttiea, and canUnpencka, Inciudinp flro, iw which L�nder �{_;�;—.
<br /> � requlres Inaur._nce. Thia lnauranc�ahaN bo trwintNned in ths atnounts And for the periods that Under requkes. Bonow�►ahaQ �"{�-��
<br /> aiso insure dl tmprovernents on the Property,whether now in exlstance or subsequenty erected.�palnst loas by lbods to the 1
<br /> extent requirsd by the Sacretary. All(naurance shaY be cartied wkh companies approv�d by Lend�r. The ineumnca poUcies and ;,__,:;;;�„ `.f
<br /> + • any renewals ah�U bs hald by L�nder and sh�A tndude Ioss p�yable dauses in tavor of,and in�fortn acceptable to, Lend�r. y�
<br /> In the went ot losa, Bortower ahatl yNe Lender Immediate notice by rtwa. Lender may m�ke proof oi Iosa H not made ��"�;;
<br /> prompty by Bortower. Eaeh inaurance company concemed �s hereby authorized and dkected to maks payment for auch bsa �^'� -
<br /> direcUy to Lender, inste�d of to Borrower and to Lender jointly. All or any part of the insurance proce�da may b� applied by :,�,. ��
<br /> Lender, �t ila opdon, elther (a) to the reduetlon of the indebtednesa under the Note and thia Seeurily Inatrument, flrot to any . _ ,
<br /> delinquent amounta�ppNed In the order In Parcyraph 3,end then to prepayment ot principd,or(b)to the raatoratlon or rapak of
<br /> the darrwped PropNty. My appAcation of the proceedc to the p�inclpal shall not extend or poatpon� th� due date of the t "� �r��=
<br /> monthty payments whkh +�re tetorred to in Parayraph 2, or chanye the amount of auch payments. My exc�ss insunnce
<br /> - proccods avcr an amount rcquirc3 ia pay sll auisiandinp lndsbisdnes:undar iha Nata and ihls;acurlry lnstrumznt zhsll ba pald
<br /> to tne entity teyaGy entlUod tnereto. ,_
<br /> In the event oi torecloaure of thls 3ecurliy Instrument or other transfe► ot tRle to the P�opeRy that extk�quishes the �`" �'�...,
<br /> Indebtednesa,all rfqht,tiUe and interest of Bonower in and to Insurance poUcles k► torcQ ehall pASS to the purchasor. . �
<br /> ��.
<br /> 5. Occupancy, Praservation, Maintenance and Protaction of tho Property; Borrowor'a Loan • �
<br /> Application; LeaQaholda. BoROwer shaA occupy, establish, and use the Property es Bor►ower's ptincipal residence wflhin � -""
<br /> sixty d�ya �fter the Qxecution of thls 3ecurhy Insirument and shall continue to cecupy the Property as Bonower'a prindpAl ��`
<br /> , resldence tor at Ie�st one yev aftx the date of cecupancy, unless the Sec►etary detw�Nnes thia requkement wiA cauae undue :
<br /> hardahlp tor Bortower, or unless extenuatinq cfrcumstancea exist which are beyond Bor►ower's controi. Botrower stuA notfty , .,�p
<br /> Lenders of any extenuaUny Grcumstances. 8orrower ahaA not commlt waste or d�sttoy, dama9e or aubstanUaly chmpe the ,
<br /> � • Properly or oilow the Property to dete�iorate,reasoneble wear and tear excepted.Lender may Insp�ct the Propetty It the Property
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