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<br />:�-; ` ` p. Y�.nt a?Frinct�al,drater�s't sn��.�te C�r�� �Qrenwrer shalf gay evtien due the gsincipal.mf.rtlid.eut�4.af:;` —
<br /> ^w�'-�--:-i:° t�s;ed�3eved�tcedb�theNoieaas�taie'c�atges6ueundsrtP►e�Nase. . `.=r.� ----
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<br /> - � M�tg.�oc+auee.�at�I�s�mraaoe and Oghrr BaaaK�er shalt�ncfaa.►E i»e�lt�msmth1�Fr�11�i�:'`::;.��-i.,� � —
<br />_ ` � , t�e�h�a vrith tJ�e prinuiAat$nd.interst,as.��vith in tf:s Ntue an any tate charg�.4n insr.+illmeas of anlF:ta):tar.s�a�sl�. =;'�'�:;,4r;-..; -
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<br /> �;;-^ .. �.��-,�' - sgece�l a�essrt�n.s[eviad ar.to be Imned ag�inst tl�ee Pt�peKY.tb)leas�hutd Ymymer► os groutsd�nb oz�thr Frapertl�n�td:: ` � . . _-_______ _
<br /> i,,. x (c1PI��far msutance requirc�b��.fsrs$taph 4. -- -
<br /> � -� � . F�cb montbiy insialtmcat fim itezs�(o}�(b)aad(c)shalt equal ome-twelfth of t6�e annua{amouats. as teus�€m�..,bi�f,; '-` _
<br /> ';�� �; estinoate.d by l.ea�pius aA amauat saf��icxt to a�ainmin an addirionat bafansc of�et more thasi oste-s�i►�at th� �'� _
<br /> „ ` � _ � �amauais: The f�]it:�tn��amm�ai.fitr eacbt item sttatlbz�ccut�at�by Le�es wi�hhfn:a�aal-�dIt�g.usf� .,.. +�.�
<br />_ tvzantSf befmre art item watctd be�ame deWtqueni Lettdet s6all hold�e amaunt�t collected in uv�t Lo pt�,rtem�(u?.(�}.�Yd. � ,�'=���
<br /> ' < Y � � . (c)befate tbty become detinqa¢ak.. • ��- ' �— �� --
<br /> �•. � ��,�;.
<br /> '��.; :` . - .;: If at any time the wuil of th�puyme�s he2d�y Lender for iiesns(a).(b}an�d(c?:m er arith 4he!'utut�mon�8g,:'" � � -
<br /> - .:r:��.�;:-�v;�._ psymenis far s�eb itcros pays�b!$w Lender prior w the dee 8ares of sush itezt�s, 6y mor�tihmt ot�a�si�ttlt�s �-� --_-�=-
<br /> �� ::;� : estimaied amouat of paymGnts reqaited to pay s�sh itans when d¢e,end if Pa, u on the Mute ara�cwieni.ti�eo L�enda�: �Y� - _ -
<br /> ' * 'n. n� = _
<br /> '. !.,,:;� shall eitber ic�itnd dta exczss mr�r•anc�si�sth of tir,e estimaaed pa�ts ar�eacess over oae-sixth af:that astim�ted, , -�����, ----�
<br /> � . ,'_ RaYme�rts ta svb�e4i��P�mts by Banower.ai the opsion og$osiaa�er. If the total of We paymec�ta mnda b3�.8neratv�cr. �'�_-� ���f, .,
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<br /> �. �. ��.;: for meai(a?.C�I+.dr(c}�u�afficisnt to pay tbe item whea dus.tbea Bomawec shaU�y ta Lender any.amawit.ace�y.to,: -- �- _
<br /> �f,� make up 8ie des�f�cLit��Cy'arn mr,bcfo�ths daic the item 6ecumes dt�. ������� -
<br /> ' i G} � AS QSCd iu 1W9. �means d�e Secrztary_of Hovsin and.Urban BEVe2opmca�t ar.�6is.ar-fiR+�� =2,: � �s :�'�.
<br /> �:,�.. . S�uit�l:LlSbr�meN*"SectEtar!' S Y-. �.-
<br /> �;.'� � --- �dESiga�. In aaw.y�m'iti whlci�:th�i�eoder mustpay a maRtgage insmaace pie�mi�sm w thu S�rj.eaeh mmtthiJ pssym{atfl:, , _�- _
<br /> • si�all also includc�eifti�r:::;(f};2ti�insiallmsnt.of the as►ns�al mortga�e ir�utance prxmium•tn•be paid�.by,,L�der m�ttte • c -���',�� -_-
<br /> �' S m(ii a" . t e inste�il of a mmt e ' if[his Security.ti�stmtncnt�isl�etd�y�the , .� �'�•�.���_
<br /> �,,,,��(` �.(��� incntint�o�a���
<br /> �i ?). -�uwrHUi:�7'uus6 � Y•^""_"
<br /> ." s :c, Seaetary., F.arJi muadilX i t i�t G l l Went of the mostgage insu:auce�m s b a l l b e in an�monn t s u ff i a i 6 d i;t d a c c u n m l a p a't h c _
<br /> ` " ` "' 'f fuU'amua[,mirjtg�r`��1�ncQ�miam w-itb Ixader one mmith gnor m the date tha fuU�aua�iG'�rmrt�a o in�irunce ��j,,I
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<br /> � .. , psemitun is`d.us.tdt:1����.�:atif this�ecurity Iasorumcnt•is held 6 [6e 5' euch,ill0ll�11 � ��1 b�T�'�� ••� �`' _.
<br /> :.�'"-'' asnauaf�eqt�altti,�tsp�4�ar��C`-6ai�Pec�entofthe.outstaad'inggr�ipalEaalauccdueontheNate.;. •;�'-_ � � �.._'.•.. : _ -�. �--
<br />�.�i����' ' -� _ -.If�mio��rte�eistd�i:�erth�ffnIItPaYmenrafaltsumssecmed�bl��d�isSecuricy�In�mumenti°Sarm�er�$�eaunt.�� - . '�� . :.�"�y" `'��
<br />�: ;� , ,:., shall be c�dit�wi�Ii.ihe balaace�earaining for all installm�u far item��.ln).(b)and(c)and rw��hiartgngn insmrnnaa�. _ . �„� ,'�'�,
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<br /> _ `` ' .``� p3emiwn i�utulltt�annthat L�nder ha�noi become obligated to pay to t�e Serietary.and Lender shattipnompt�}R:scfund�' r�, ;-. . ,,sr.�,�`. —
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<br />� , �-,�:�•�J�, % , excess fimds w•Bom�wer i�a�diatety priot w a fomlasute sa.�e of tAe Priiperty or its acqaisirian by Lendtff..Bntmcv�r�+'' � ;s y;�..
<br />�,-` ::�:;�`�,;"::''` account shaU 6e cnadited.witb,un�!.t�aJance remaining for sU ia�:ttmentsfar items(a),(b?and(c). • � . . : `�. ;
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<br />- ' ::.�ti'r.-„r•:: ., 3. AppHcatian otPayrit�is: All PaYments under P�agr�pTis t and 2 shall be appUkd b}i.endea'as foU6tva :�:�,'. ` '' t s �r —
<br /> < - � � �I,S�to ths raortgage ms�uance premipm to 6e paid b�•1:�nder to the Secoetar��ar t�the mauhl�c}i€�Q byti�he • ���' � .
<br /> . ' Secret2ry instead of the utonthtY c4us�a�ga iasutaace Piemium: , , •. , ,.': � 4�� .� �-:
<br /> ;,L,, �,t+o any taxes:sp�ci a l asses.s�rtertts,l e a s�ho l d pa y men u o r.g r q v i►d i e n i s,a t s��i e.f1 46c1auc�fith¢r.1?svnaid• . � �`�
<br /> ���' insutaitce premiums asreqa�rzd: ' �� 1�` � ',
<br /> }{9; � , . 'i7iIRD•w inteiest dus d�the Note• ' ._ � , _ ��•1�" .: .
<br /> � � FnUR7'fi:to amortizatian of the principal of the Note;�• .. , s � �r f'`��� :
<br /> � �� �� �:�.., '` : ' , ,,... � ; y_ .
<br />- a::, ' �,to late chzrges dr�e under the Note. : ,, • ' ,- . . `• ' ' �`
<br /> 1 � � • ,. �,,�'; �►FI�e��and OfCer HazarA Entivranc� Borrac�c��tcx?�inriur���41 improvemenu on the Ptap:,,tty:w}l�$r nqt++ . ` . w- � t',:
<br /> ;:r" _ • in.exi.,�iences�r�i�i'ss�aently enected,aSainst any hazands,casuz.�ties,r:uiicsi'ndngenc�es.inclu�iAg�fltR.:Ch'r.�tt?��ic'h�E.ender . ��`
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<br /> �s�°. Z?!is insurauce shali toe maintained in th�;amounts�►d`�or the periods that�Le»�t�c�{tiras: BwRawer . , r�. ' ,
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<br /> `:�j�::: . _ '. st�ail aiso insure all improvemasts an tFce Plbperty.whetherliinv in existence or subsequentfy erectodi a��EiTass by 800ds - - --- -- :;•.� �
<br /> to t�extent required by���e.�a:r�tary. AI!insurance shali►se catried with companies approved hy;1len3�s, 7qte insura�tce •"-'i•'��.
<br /> � policies and any renewal.c�t�:,li lie held by Lender and shall include toss payable clauses in�fa�nt•of+ and in a fortn •`•-"�,� •�.
<br /> ' � acceptable ta.Lender. � ;.°�.:; .
<br /> : - ��•�''' • In the evertt.of loss.Bamnver shal!give L�nder immediate notice by mail. i.ender may,m�+pmof of loss if not " _
<br /> + ,���:�: • made promptly 1's}t Bormwer. �ach insurancr wmpany concemed is hereby authorized and dim�od to make pa}m�ent for • :���-�~'-,a?'�s
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<br /> ; ,,:;,-��.' such loss directTy ro L.ender.in�ad of to Boirower and to l.ender jointly. Ail or any pa:t of•th.insurance pmceeds may be -. � �'�"'r��� .�;__
<br /> �� a% ' x�p t�ied by Lender.at its apGbn.eitlter(a)to the ceduction o{'the indebtedness under tfp:I�torte and Ihis Secunty Insirauaen� `���%rk�;;'' '`�Y ;
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<br /> '� ,:::`.�`rt,��':� ';. f f�;t�a n d e l i n u e n t a m o u n t s• h e d i n t h e o r d er i n P ph 3.and then to ie ment of ci al.or(6).1n tl�e • ,,i:[s'r l �r'��:��`:';��•,
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<br /> �., � ��, � r�tuc�tion oc r �c�."�r of the damaged property. Any applieatian of the proreeds to the pnnc�pal shall natextend or�i�,nz ':E,;�,�y;�:t,:'�- �.,
<br /> � ��:r , ,.,�s��r . .,.,..
<br /> . t h e d u e d a t e e�t f i�:n o n t h l y p a y m e n t s w h i c h a r e re f e r r e d t o i n P a r a g t a p h� o r c h a n g e t h e a m o u n t o t a i r a h p a y m e K:�,-��"+�y ,;,,3�=�.�.;�•;�,. .:::
<br />�x:r ; ' � � '� excess inse�t��oceeds dver an amount required to ps►y all outs3andu�g.indebtedness under the h:nt�,W'�d G'lrs�a�`u'y • .,:; ,•.'k,•.':'����
<br /> .. .; Ins�ument shaiT be paid to the entity legally entitted thereto.� . • ��:•: - r=',.. .-' �•.,
<br /> : , � .,�� in the event of foreclosute of this Security Instrument or other transfer of titte ui i1;r,Property t�iat extingui�i's�.��e 4'�ti��:•:�` �• `'
<br /> " � L,;tii�:btedness,all right.titte and interest of Borrower in and to insurance policies in force�fii�li.�ass to the purohaser.' `�� ;r�a���..�-�> �: �-'"=
<br /> � 5. Occapnncy, Presenation, Matntenance and Protection of the Property:,l3u�rasrer's�.oan Apylication; ;?.�:, .�'
<br /> �� ° : l.easeholds. 8u�rower shall occupy.establish,and use the Property as Borrower's pnra��"s!Ee��d,�'+,u°wilhiD s�xty days � � . .
<br /> , ; ,� ' �. .. . : '%� ' after the execvrion of thi�Security Inswment nnd shail cantinue to occupy the Propeny as,fforteu•cr.'�.�rincipal residence
<br /> ' � ,� for.at Ieast one year after the date of accupancy,unless the Secretary detertnines this re�r;�rnr.::sat v:itl c�use nndue hardship •, i
<br /> ;:�:;�'f��'?`.;� ..'' � fu��orrower. or untess exieasuating circurristances exi�t whicb ure beyond Borm��e�~� v?r.:rol. Barrower shall notifY s;;,+�•� •-
<br /> _ �' � � _ .
<br /> �', ��.';�"�� ' L�ifers of any extenuating cireumstances. BorroH•er shuit�nat commit waste or de�trry.d{,:-nage m suhstantially�c�t�nge . :�'�Y^r;i",
<br /> ::-,�.F�'�tyft . • ,'';:;, .
<br /> . ,..�', •„:�,•;� the Propeny ar allow the Prupi:rty to dcteriorate.reasonnbla wear and tear excepted. Ler��,:�may i�sQe:t the Ptop�t}�if tl�e
<br /> _ ;~, � . ' Ptoperty ts vacant•or abanda¢e�or the loan is in default. Lender may take reasonable action to pr4te�;t and pnesc�:�:sY:c� , •
<br /> �� vacant or abandarted Fropemf. Borrower shali also be in default if Borrov►•er.during the►oan application proces�.�c-�c-.e - .
<br /> �. :•...r. �• •�•: • maierially false or inaccttrau: iafocmation or statements to l.ender lor failed to {�rovide l.ender with any m'a�;�i.al
<br /> � �,� '' �ni�,�ti�S' • infanntuion)in connectian wftfs�4ce toan evidcrtced by the�:ate.inrluding. bm not limii�a3_!.o,representatians cmicut�in� ' ,'
<br /> , ;t%z;'�'f�;�.r•
<br /> ��'� ±�� . B�mvwer's occu an of the 4�� ert as a rinci al residence. If thix 5ecurit lnstrumu3t ir;un a leasehold.Borroaix slsa]i �''+'<<'
<br /> �;,,,.,.�.,.; : P �Y P Y P P Y .;,a,.:�;;.
<br /> : �«�)• ' camply wiilrthe provisions ofthe tease. IP Borroa•er ac�uiras fee titlr tc��hc Prup:rt��.t1ti;teasehold and fee title s�a41 not . ..,�,,, .
<br /> � a ' � be merged untess l.ender agrees to the merger in writing.
<br /> ��� ''' 6. CLat�ges to Borrnticer and Protec�ion of Lender's Right9 in the Property. Borro���er sfiall pay ait govemmental .
<br /> a
<br /> �� �` � � at municipal charges.fine�and impositions that are nat included�n War++greph 2. Bortn a'er shall pay th:se obligations on �
<br />� i:���-'.� dme dim.cdy to the entiry�tifiich is ou•ed the payment. If failure to pay w�auld advc�ly affect Lxnder's it terest in the '
<br /> ��t.., .,;_.,,,F`. � .
<br /> ; ��v 3,.,,. Ptoperiy.upon Lender's requ�Barrou•er shall pmmptly fumish tn Lendcr r�eceipts evide�ncing these payments.
<br /> '� � �•�?��� � lf Bomaa'tr fails to male these a rttents or the �ments r uired b Para h 2.or fail�tn rform atj otlter
<br /> ,.St�,. , P Y Pa} �y Y S�P P,e Y
<br /> . cove�nts anA agte�neats contained in this Securiiy lnsmimen�or thrre is�legsl ptoceeding thal may sip►ificantiy affec!
<br /> ..� �'. ,• . I.endt�'s rights in t}te Propetty lsuch as a pmceeding in ban}:ruptcy,for c�ndemnation or to enforce lat�•s or cegul�ttt+ns). • .
<br /> .�t .• � , then Lendsr may do and pay whatever is necessary to proter:t the value of thc Praperty and Lender's rights in the Property.
<br /> �..;.;. .• � '. .�. inctudin$paYment of taxes,htuard insurance and othrr itrms m:ntioned in Paragraph 2. ; .: .
<br /> - �._:' ' • Any ammmu disburs�d by 18nder wder this i'amgraph shall•become an addit�nal deb�of Bnaower and bz secured [ •
<br /> •.'� i� . .. by t�is 5ecurity Instrumem. 'Raese amounts�hall b�r interest fram the date of d'ns6cL*5emen�.at the Note rate.a�d at the �
<br /> . . ,. , . option of Lertder.shall be i�mmnediatety due and pa}�abl:.
<br /> • � . . 7. Caadem�atioa. The praeeeds of�•award or claim fot dsmageti.direct or consequential,in conrteetian«-ilh any � �
<br /> ''' ' � � condemna�ion or othet�akin of un uf� or for conve ance in 1a��e of conMmnation,are hrreb•assi ed
<br /> ,'.�. . g YP� ProAert!'• Y P ) €'" 1 • ,. . .
<br /> � : ;:.;::: �:� att►d shall be Faid to Lender to the extent af the full amouot of the irtdebledrt�s tNnt remains unpaid under the Note and thiy i '
<br /> . y.,. ' r •. ' Sscurity Iasn+�m�n!. Lcndrr sha!!apply such prnceeds to the reduction uf the indebt�ss urnder the Note and this 5ECUrity �
<br /> �--�fr�-------;�d,-.='= — . _' . ' --.. ...
<br /> - instrumenl.fitst to any de�inqment amatmta apptied 'm the order prasid�m Psrogsapir�. ami tim�fu prc�r�y�tin�f vf � -,: .'.
<br /> ; . prineigaL Anp application oi the proteeds to the principal shall not extend ar postpane the due date of thr m�onthf} � , .
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