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<br /> - � L���men4 at�RU&�a�,aater2st�nd 4�4e G�A�a.BmrawEr.s�a��•p�J�wfi�A,����%����of.�d.�c�.
<br /> � �'� �` , th�debt evide�by�the PFote assd lat�ciute���d�e anc�sr the Note. �,,� . . � :. � c `_ ',�_—
<br />!.:.; .� � � �o�g�•p�y�ao�.7�;�+sta�tce s�d��Cbs�t�. Eatro�e s�a1l;�riClus�e in��i�Y PaYra�nx+�„-. ._ � --------
<br />-;;hy�' t�gether aith the prindpa�a¢d iate�ast.a�set f�►rtb rn the Nata and'eny;Is�to chAr�a�.:�Yr:iltsi�lftriesn tsf any taJ��a�ces aird���;�:.i;,.`
<br />�-�"�: � speclal asseSsmep�s tevItd o3 to be Iov3s�F a�u'st�s¢tI�e Pro�erty.@?taa�sehnld paym�nntfr or graunc�i+�nt�mt the Property.sut�tr�:�_`'',
<br />�'r.. y �-.`: (c)Pr�miums for insura�ce ie4uired 6y.Fast�p�t 4. � f : .�
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<br /> `.=r, .:. -� ,::` , t6)an�(a)s3�a4i e�uni aae-tw�tfth,og-tIte enn�mncmnt�:g�ressnnably.-�.�:� � < - ---- -
<br /> Each montlily instaUmens-far items(a)�
<br /> �`:,.. ,��:�;t�`z''"°�:<��� ` estimated Dy Lender.plus an amouut s�cient to�mainteile an.addltiannl:6alanca of aot anara than,�te�-c�At+'�af[he . -_-__ -
<br /> -,', - , ``, . esamated aaaounts. TPie full annnal amount far e�..�cb item.stwU 6a accumulated by LendeF with3n a ger�o3-endin8 one • � s=_----___-_--------
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<br /> r �� _=. � ' it�ms ta).(b)attd < `: _� __
<br /> -� f,. -'�-F. month ts�for�an icern�cmtd be�ne acrmq�scn� l.�der sdalt lwlt!tb�mnuunrs�:ottECcea in aust,u'r.pay . �� ---- -
<br /> "�. '. n �`'`i, � (c?6efore they beCOme delinquenL . C,...�.� �}��.. -" _--
<br /> - '�T;;,�;z 5;.�; ,;, . . if a3 any dms the total of ti�payraea�ts fleld by Lencter far ite3ns(a),(b)and(c),togetT�er.wiBi��R'.lYlYic�n�+'J . � �rcr.�...-_—
<br /> ,,;:.��:,��. ,;r.;`'.��*:` payments far such items payabie to L e a der priior to•tlie due dsties of such items;.ex c e x d s by mure t�an.ane-si m h�t i s e __--_
<br /> ,r.:;.;;Y.:.��.��...;;::�t,. ! eswnated s�aouni of paYmans re4uiced to pay such it�s wben due.and if payments.on�the Note are cunent,thea[.ernder �_ ,:_-
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<br /> ,.a.. .�..;�_. sBall eit6er refund the excess over ane-siMh of ttic estimaterl paymeats or credit tb�excess aver oae-sixth of tt►ie estimated _
<br />-- � ,� payments w snbseqaeac PaYm�s bY Bvrm�ver.at�he option of Bomnwer. tf the totul:af•the�PAYnt��s mads by BarroN�a:, . _�
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<br /> s�•,;`.z:+�.;. _ for item(a),(b?,or(c)is msu�cteat ta ptay.the item wh�A due.then Barrmver sttall pay�w Lender.'eaty amount naaessary.io�, �----=--_
<br />_ � '�`"���,�«�`;>`'>r�.;%,..: make up the dsficiency an or 6efore tho dats�tha iterr�becomes due. ` -
<br /> r. �.�o �;, r�,�,c> As used ia this Security tnsuumenAa�3!"means the Sectetmy of hTuusing and�Uiban,L��EtQj1II1CIlL OI I173 Q3I1CT' ' ,� — _
<br /> desig�ee. in any year in which the Leniter must pay,a martgugo ir�surr�►ce g�emium ro the Searetarj►,easii monti�IY PaYm�t ��,---
<br /> � - �•: , .` ' shall also iactuds either: �i}an instaUm�nt of the annual mortgnge �sutance p�snican,w:8e paid by:Lenc�r w the ft_�`
<br /> r Sectetary.or(ii)a montitly ctiafge instaaA o£a mott�ge insutance p�niam,if tlris Setw�ty:TttStmment�'�held by ebe . _-
<br /> � t ' ' �. Secietary. F�cb monthiy installmenf of ths mortgage in..�ce pnsmium stwll he in an�nnauat�siil�cient Lo aceutaulats the
<br /> _ '`:.�` � :�v full annnal mortga�e in�nrance pmmiwn vrith.Leqde��a'ae mofidt.priar ta thc date dte fiiU��imu�1 martgage mswance �:,.,-.�F.,�. __-__
<br /> , -`` �s Secu�ity�7itsi��smei2s`es li�etd bp.the Secretary,each mniithiy chntge st�be.in an _ ��,�Y��- - --
<br /> _ � '�� �z��,. :� ' . Premiam is due to We Stst�tary:or if tb' . ;, ;.. . °_ _ ----
<br /> - �� :Ts�'�`� �':s�'�� l. amouut equal to one-tcyatflb of one-half percent af tli���taanding Pr�ncip�l baiauardue on the %;: - -----_
<br /> ` Nots. B >. bi,*�^•.v�-
<br /> ..,., ..y, ::;,°. ..:... p afi sums secured 6 tt�,` . nt, �`s w��....,,,..,_
<br /> _'. i s.Jtr3v:._L°i::•....,;;::h'.; . � TC -tO��+CFIQCf�1B'�i1u����` ��` ..�� SC(AtIfIT '=_`----°
<br /> :: •.. �.vi'�' .i `!�,�' .. . ll 8�� nd� � . .c � : �� a-' s.ia7 .�� �d e mo :' .."" _..... �� _ -
<br /> � � �sliaU be�wtth tYie batance lemainsag�ur ait i�tstai a em �={?P ert (c)aA �a�►Y.. wsur�stce...; .. B�Y �
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<br /> r,�Y'�S° _ pnemiinn±s.�*aitro�,t that Lender dus natbecome obtigated w pay,tn ttie Secretc�..�d txndon�aU promptiy�fitnd an� : f�,� -----
<br /> '�- s�.�� `.pX=:�i excess funds to Barmwer. Immediately paor to a f�eclosvre�efe:of the P�opect�i�its acquishion by Lender,Barracvera`:'.:.:� _ _
<br /> .;, �' x , ;`��, accow►t shall be c�dited with any balance remainin�fiac;alt i�t�ili�ta for ite�;tp�4�(U)and(c). + = ' r' :�
<br /> -� .,�� ,�:. 3. A p�lisatlon off P�9meata All payments Itt�d�C?'eragrspAs�artd 2 s��li:i�e�PPlied by Lender as foUows: , ,.=,:`,, :b',�'�:- _
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<br /> p��:to t h e m o r t g a g e i n s u r a nce pre+niu t i�tb 1 s��s a�d:�l:�!ic�er w the Secoe�ry or to the nantWy ctiazge by ihe �}.w� -
<br />- � � Secce�y instead of the monthly mortgage m.ni�sia�p��n °� .;,7. 'ft�"
<br />- ��,C�N ,w any taxes,special as..�ssmenta,�id��r`'��rr�st.�er growid rents.and fire;fload and other hazard , ;:^ ,. ,
<br /> '` lIISLII$IICC I8iq1W11Ss BSiCqLLIJ�}i' S[I! .l•.,.`, t n ,� .`�.' t
<br /> � ` ,�,D�to inteiest due under the Nota• r � �i c • ,
<br /> - • F �'E+.4��, !�- ' � -� . . �t;r.
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<br /> �.��`�;,,� . .�'}'�',�.: � F�i1RTH-toacnortizotionoftheprincipalafds�t�"o� . ?,� ` � . ' �:
<br /> __,.,:�e y�'r.�✓• � ,r y��r�.;' �,to laie ch�as due ander ihe IVote. ' �����;�� ,r`'�s
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<br /> '�{"� i�<�y,iai:i�i.`:.'' �.�r^��"'i�.' •7S°j!-�r:';., .
<br /> <<� ;r:l-�- ��� .:,,._,• 4. Flre,F[aad and Otber I�itrd I�surance. Borrower sii�13:iiu,�re atl�itti�i+nvements on ttre Prop���hether now s.<�?�
<br /> .Ff,,l,�� 'f� ���;��,;.1.��, pss,.:�d con[in encies.incluGu���'iie.for whieh Lender '�.+�t;ti:�,';�
<br /> ';'�:� ';,.r�?�,,,i,:,;�i;yf;,t�;�tf in existence or subsequendy erectedtagainsi any hazsuds.cas�l. S .
<br /> .��y :�'.;:; , . .�,.c::�r<.��r.• uisurance. 'fi�is inswunca sf�alk6e maintained in tha am�?nd for the periods thFS.�iier requires. Borrower ''�T:�.;�;';,_:.
<br />��;'=• : ��;`ti••°;F,:'+••`,>,},�q�j"'. �4� � Y � Y �...,.::,., :`
<br /> .;, ;._;�c y tct��k,_:,:_,`�,r�:_ _ shallalsoinsureallimprovementsonthsPrope*ry.whether.nowin•.c+ci�tenceor�subse ntl ere�+.;�d,a ainstlo�sb fioods
<br /> ��:.',J„ �..:A �i.'� �.
<br /> ,•k,+;�N' ,.. to the eatenf ieq�iired by the Secretary. All insumnca sh�i l�be carcie d wi t h cnmpanies approv e d h y L e n d e r. 7'h e i n s a r a n c e "-,,;:.
<br /> � '��?+;:� � policies and any renewals shall be held by L.endcsr and�shsill�includa lnss a Ab2e clauses in favor of,azsd in a form ' r':' �"
<br /> A�y ��' ?•,;..:��.t ., �•.;
<br /> , .�� :"�� '� � acreptabte t0.Lender. � '` ; .
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<br /> � � � +.:. . • . ln the event of loss.Bomnwer shall give Lcndes immediut�a natiaa bp mail. Lender may make proof of toss if nos .,;���. • ,.,,;.
<br /> � � made pmmpt�y by Borrower. Each�insumnre company concemed is ha�eb}�authorized and directed to make payment for '� .��_ ..,._.�L„ �
<br /> . ••�� ' � such loss dinectly to Lender.ins¢cad of to Borrowar and ta l.endar jaintiy. All�ar�any part of�the inswartce proceeds may bs ? : `�.����-��
<br /> `� ;, • ••' ;_• :t a�Q liatf by Lender.at it�oprion.eith�r(a)to the reduction of ihe indebtadnas�4 under the Note and this Security Instrnmeni,', . 4�...;:-., . u,:::�'�-._=--
<br /> � .. fust tn any delinquent�amaunts applied in tha order in Parap,ruph•3.and tHan�tu•piepayment of principal;or(6)to the ; . �,�.s;�� _-
<br /> . • . cestoration or repair of•the dumttged property. Any appficatian of[ha proeeed��ta thp principal shall nos extend or postpone ��,,• ��; �,
<br /> ,,;4,:�� the due date of the monthly p�ymcpts which ano roferrcd ta in�Parn�mph�2,or�chm�ga tlta amnunt of sueh payments. Any . ���,, ,;.., . ,"�; �, ,��
<br /> r "� ± ' , {���y#'` excess pi.�nce proceeds over an�cnuum required ta pay all'outstunding indebtedna�s_und�r the Note and th�s Security : � r , ; , , y y ,
<br /> '�'r��" InsuumcrA st�l be patd to the entii�+1�-�Ily entitlec!thereta. t t `'��j'r�f 7 _�
<br /> � ,��
<br /> - � ,A;,i�;f?;� �� • � : . I n t he even t o f f o r e c l o s u re o f 3 h i s�e c u ri t y I n s t r u m e n t�a n a t h o n t t n nsfer of title to thv Pro pert y ihat extinguishes tlse , .<.,; � ,. ;�,r� ,=
<br /> �•... . •. ��
<br /> indebtedness,all righb�itla and interest of Borro�ver in and ta ins,vmnc�policies in force shall pacs to the pamhaser. ,;- ;"_
<br /> � �. � ' S. Occupaaay, 1Pteseevattun,M�ntntenunc�su�d Pnntertiuro of the Property; Borrower's Loan Ap�licatlon; ;.`�. "�� �:: . •��:e<
<br /> � � � ;, ' .. l.easeholda Borrower sha{!occupy.es¢ubli�h.anni u�:e[ha Prop�ny,as Borrower's pnncipal residence within sixry days `�:�,.�. ;�
<br /> � '� after the execution of this Security Inst�umont and s1�a11 caminne tu ascupy ihe Property as•saaower's principal residgnce . � : .,,5_��.�'t<< , . :,,,''-
<br /> � � " " �� for at le���ne year after the datv oi;occupanay.uniu�.4.thp 9ec�tur�datuemmec this reyufrom�t will cause undue hazdchip �� �� ;;';�;•;��• �.�-
<br /> . � � • ..,;.,, ':.,.�•,. : �s
<br /> . for Eorsu�rr, or un{t�ss eatanutttin�cinvm�tance�exiat<<�t�icN�aru be��nnd�Banoaer's control. Bnrruwer shall notify ���••:= ., .. -
<br /> ' 1• ��'' . . ' Ir.nders�f any e�ctenuztin�cinvm�tunces, 8nrro►aar sh1U}nn��cmnmil���r+►tp andesitay,damage or xubstantially change "°,,,;':;�" . ' ;�
<br /> � � . t}��e Pra�e:ty or allow ths Prop:rty to datorinrutu,roa�ont�blr��vaar�anA•tuaz�acc:�t•txi, Lender may�acpect the Propert}r if the if°�.:. , ._
<br /> • t'rop�'�j is vacant or abandoned or�tha luz.n is.in d�sfuulu. Lendcu�ma��ta}:�ro�conable action to protect and preserve such •��;�;';;•`,: . ,',�, ;,
<br /> �I ;, vacart:cc:;��andaned Property. BnROa�cr shall�al�.7 be ia�dbfuulliif�Bnnawer.during the loan application process.gave ;;.;tt;�::' . �':f,:.,,;. '
<br /> `'; materia;l��false or inaccurato inE��m�titinn�on stutumantr� cu•l�en�ee (ot failed to provide Lender with any mutenal ... . .
<br /> r.`�� . ' inform���)in connection with�thp Iba.n�dv'r.dranced b��th�Na2y.including:but nat limited to,repmsentatians conceming k:};`•.;,I .
<br /> '��s`�rrr::��' ' �onower`s accupan;.v�f the Pmp�rt?�.ac�a prinvipal rr,tiidence. If'this Secunty Instrument is on a les�cehold,Borrotiver shull
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<br /> ��f��'.`�: �com 1 with the m��-:sf.ans of�th�lat��c. If�Harmcy�.*�:yu�res fee tide to the Prv��ect�•.tha leasehotd and fce titte shuU not z�.:,' ,
<br /> 1��i'i�:;;., , PY P �F � .
<br /> r .. , be mer :.�unless�x....s agroes tu th�mYrg.,r in�v:�t i r r�. ��'`'.'-�
<br /> ,;i;:•• i�tfrt,;•.; �r��arges to titlrroti�er�nd'Pmte��Epn uS'f.�sder's Ri�hts in the Prop�atg. Buiron er'shali pay�L�nvemmentul :.
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<br />-+�:• .�. �,;���..�, ; or ntuni:��1 charges,fines anJ lmp�sitiar,,��b.:t cu-+�r,at includ�3 irr Paragraph 2. Boaower sh�J.t pay these obt�gations on , :`i
<br /> �t ' y.}��s� , ,-'����'��'� • � time d'ua::l to the enii whi��•i�.ov�v�th° a•�e�:t. if�L•:..�l�,te tn a wouid advcr:nel .�.(�cx:�Lenders interc�t in�ha �
<br /> '' �.ta�,��,.', Y ry p!'� p y y ' .
<br />-•��' �t �f... ' ProperLy.upon L.cadLT S iP�UySt�0I3U���?`I?�J.1 pr���s:t)'fumi�i?r.n icnder receipts cvidencing these payments. :;,'
<br /> ..'.r i $'���'t��9:. ; � _ .
<br /> ;.,,• r ,r,:. . If Borrower faifi ta make dr�e�.��m�scl.ar d�°pa�rn�:s required by Paragraph 2, or fails to perfnrm any other � r
<br /> .�'�itY;;, .
<br /> �,��s•;;. • . �. covenants and agreements comsirA>i tu tl�i�:S�s'+�ns� Instrunr.nt,uF thcce is a legal proceeding that may s�gnificnntly affect
<br /> - ' '�'i ° ' � Lender's rights in the Prop:riy�(s�x�s.rs'a pro�.�'•xng in bankruptcy.for wndcmn�tion or to enforce law�or regulations?. ,
<br /> `�•�'� ���•''? :. � � then l.ender may do art�pay�wAat=°.�i,�:�er�ssary td prot�c�th:value of the Property and Lender's rights in ihe Propeey. .
<br /> ' i�; ' inctuding payment af is�ces,hauud:.r•.s1xr"��,:�zadnther,tems m:ntioned in Paragraph 2. _
<br /> _ ;'�'� . � : Any amounts di3Fi�.used bp LenGex un9es•dtig,8ara�raph shall become an udditional debt of Borrower and be secured �
<br /> � � ;�; :'•. ' � by this Securiry lnsuumenU These amounis stsa!1 h:ar�nterest from the date of divbursement,at the Note rate,and at the �;
<br /> , optcon of Lender.shall be imm9dlatety,due and aaiable. � .
<br /> F� • � Coademnation. Th�ptux�edd'oS�any award or claim�for dam�ges,dirert or consequential.in connection with any �
<br /> ; �,� � , � condemnation or other taldng�ot�ar����rt of�the Properly.or�fmm conveyance in place of cond,:mnation.are hereby assigned ,
<br /> ; �; � , and shall be paid to Lenderto tl�:+e,Yttr:�4of�tlr�full amoun�wt tPA�indebtedness that remains vrt�s,3id undcr the Nate and th�s ;
<br /> � f.:� ,. � Security Inswment. Lender sh�lll�jj�su�^�il�roce�ds to the reduction of the indebtedneu under the Nute and this Seeurity z ,
<br /> t � Lutrument,first to any deliac��:n�iema�:��.apEe'.��d in the order provided in Paragraph 3,and then to prepaymem of �
<br /> --- - - -- -- principal. My appHcation�vF�thir prv�:ctYti'tu•tt�.x p.*m:.iyal st�l�nat exte�r!ar pust�oac the due A�te of the monthly T_--._ ._ _. , _. . .
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