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<br /> �e?i:'s��_:"�Lt IC '-�� .� . . . ' . ` ` ������I�� � � � . . . —� .""_Y_'_ __.
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<br />_�F: " �� : . .:. :};,;'�9��nY P�ci�c3�Q1i3b�st and Laic C�1r�;:�Zaower s�att pny wPeen dua.itte princig�af.und inteces�oa, ::�..
<br />�": ." ":` _ �, . tPie c�e�+id�n,�4�d�e Hs�fu��c�fi�te cha�q�s d¢e and�rt�ta NQte. .
<br />- °r`�`��'°;:`; 2. i�q�3E�t�►�9ya�t,tiio�'�x�,In�i!l�...�e�ad Othrr 6ocmwer shalt includa in each mc�mr�IY�aYt�nt� ------
<br /> �.�. m6e�er a�'ctb�tbe Qriuci�l a�7�!interest a5 FRst:4�tq�E�in ttf�NQte�y taxe churgcs.an instullcttest4 qf ac►►y(�ta�e�'stut. .�
<br /> = '�� ��!asscssme�4s tevied or ta�t3e tevieQ �i�ioperty.(b�teasehntd�ynaenta arg�uud reufs�n tne Ptoperty,�nd
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<br /> .� �,;�;,:'� � ta�;Rh'�iumsfor insuran�m���it�ci t�Fa�a�4. . ` �� , ` • .
<br /> -cf�'`�" ; ^ '� �• •. �asb mont�aIy ins�Ilme�atrfor itQms•(�), (b)�nnd(s).�AaU equal onetwelRb of:tha snnvril sma�mss.es ceasoaabi�r
<br /> �'k' �t s. ,. CS'�tCd �s j.�4Q2f•p�IIS 01i 8d1301IDS$IIffCEEilt t0 tI11111t{�11, 'II�t1dQTttiQ� �il�l'IICC Qf II02 iIIfl1C t1L1II mIC�S11tt7 t!F(t!C ' ---°-_.
<br /> :� �ti ':w.� _ essiaaaLed amaurets. ltce fuU attnual amaunt for eaFh itt�sl s1t�16e accumnlated by LEnder within�petiad e�din�one � �,;� _—
<br /> � `-k- ` �� �onth��e an-item afosil�hecams dQWsqu�t..�.�nder sh�U hotd ttte amennts collected in uuse en�}r items(�.41s)uaa:�. ' �• "°` „'-
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<br /> ' • (c)�efm�e tAey 6ecome delirtquea� ' � ` _
<br /> If at�y tQne tfie total�o'€tb�ga3rmet�hetd�y Ixader for items ia).(�)and(c). ther wiib t3�e 9itt�at6mhty ,R _ -- ----
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<br /> •� .. pa��ments far sush items��7�t7t1�tt�I,ettdEt p�ios.to.tli4t due d�tfis of stuh itefi9;: '�t 6y�ore titaa ot[c•sutt3t the ``�- -
<br /> _ .t e�im�tcd ammm3 af paymeuts requ'sted tnpay.avci�it�s��fien due.aad if p�ym�ts-mitY:tha Note are e�rre��tiecn�der �w �r - ----
<br /> . � . - . - �nII eiti�r iefund tLe exQess.over msa3is�h;�'f,ttte��d;paymeau or.c�dit�tt�°a�s:mn�r one-sixt,6��a8the estist�ated. ,.,� �
<br />.��•� � ' �, . paymeaas to subs�ueat paymeats 6�K��m�..at the crp�tian bf Botro�tv�>'.If:.�elr�taRtAiraf;t�t��?iymea�ts�tdc�r tior�swer� ,��:�"=°_ --_--
<br />�--:;�: � for item ta),(b?.ar(c)is ir�icimi w�y;th�item a+h�a due,tUea!Bauti�m�.si�2U�j�:�a�.ender any amrsune rrecessary.o�,, s -
<br /> � make np Ohe dsfcieasy�aa ar 6sfaratitaduta Qte itembeoom�sdtte. ' . � =�- -
<br /> `� > : ;, s . . As used in this SeountyJrls�tumrat,"Sectetary"ine�m�vhd Secietary af Hansing aud Ucban�evetoptacn�or�i�ar h�r� r���t ,:.
<br /> _ � . ' desigoee. In any yeas in afiiat�tbu i�euder must pay a mmif�a inswance Fremium to the Secretary.eacb Nonlhly ppJ�ment�: ���.`•�s:"
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<br /> �, , . sh�ili alsa•inciude eitker: (��•an in��allmr,nt af the anniu�t;ti{vttgage ins�e pfemiu�to be paid by Leader ta th� �_-
<br /> ;; f , S�,or f�D;a montbty.c�rge instead of a murtg�ge insuranoa p�miwn if t6is Secauiry Instruneent is hetd by the _o�;.`�,-�°_
<br /> �� � . . Secr�mrY- Facb maathiy.in.�tallment of the mortgag�msuraace premiunt.sh�ll:be in an amount suffuient w aocamWate tha s.';:}�-�
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<br /> � fuII azmotil mv�tgage ins�rance pn�fium witb•lxnder one mamb priar'to>ahs date the fali annust mostgage mav�ance . �` ,_. �:�,�
<br /> - , . premium is due ta the Set�ehtry;•ar if thia SecuritY Instrument is 6etd bj�Wa S�cra�m/:.r,ach manthty charge sttalt be id_un 'i;.:��t;:.: :-----
<br /> • amouut e q ual to oue-twelitti of an�alf p e c+c e nt of tbe outstanding Psinc�ai b.]tma��9ita an the Note. �•..;:::..r:.,.,- -
<br /> .� . ' � '-:�.` �'lmY�ent�af a113x�an�.��v�ur�,d.6y��his;5�uuty Insumaent,Baa�ower'�'acco�mc t �'.j,''r --.
<br /> _ . . _. ,. _. . ,. If Borc�wer tmde�s tu Lcad�thc �
<br /> : sflelt�be�edit�d��vuith-th�bai�uaaremuiamg-fin:all�i�i�a�llib�nts. ar�3t�art�.(a):.iN1-�and.(c�and.any mu�rsgc iu&utatir,e. .. _..-- S �+:`; __
<br /> , ,. - �- - --.- - •p�lm instuUmen[tt�at Leadcr hAS nbt�6ectrina obl�gaccd ta pa3�`;na11a�ach.�u+J:and Lender shal}prompdy cefuad eny � • --
<br /> �•`� ' ' '•'g�e�s fand5 ta�Banv�ver. Itmnedi�t8iys[�iqr�tu a fojeela�ca s�fe�,tbp FiaR�n or its acquisition by Exader,Bo�rawer's �{ ..
<br />_.« ,1 :.. :. • %�arcourtt st�ali.he credited weth�ib�unce iemaining foraTl�instullmeafsfuritam�.(b1a.N)and(c1. , ;�� ---
<br /> -`��Y •�- ,.'�•I•~f��/!IR L�.� ..- .� �;s.°�:��;`: :�`3. Appffeeteon of Fs��+nialiti.All payiaenis�mderFamgaphs i and 2��1Ei1�d��ppiied lsy T.ender as fof2ows:; _ `- --
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<br /> <; �. ,,ir r��1: - . � tF� �S ,to the mortgagci uSsara�tce.pte�rauar to be pt�id t��L•ender to the Se�y�_�drfo the monttily charge by tke , -4-
<br />�,y �';,A'r;-a*�;;��.,.�= -- , . S�tary instcad of the�anthIy martgage insurmara pr�emium; ;:,r.� ,:' , ,'
<br /> .:, ,»��, f � SEC ND:m any taxes.special assessments.leaseftald payments or ground�reint��d fin.ftaod and other haaard, r . '��`�'�°
<br /> -:rj•'r '+�<• !: --' : aLStuaACe gtentittnL.as t� �{r:�; �
<br /> r £•;�,. ;ti;r�;;~:�•: .. �D,to intm�st:dda�. the Nvie: `..;." `�'`�i`
<br /> _ �:. �•f,}f:�;r;'.�;.: pp�:to ama�ti on is�the principa!of�tlta�.�t�t�:.'' . ` . , �';:�
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<br /> �-,,; `tt 3'�``�:;,:;":�= �{
<br /> ).: �;' [�,i,to latn chtugas tfd�.t�n�fer the Note. � '; � � "`.", ,
<br /> •.t.,:..,,,., ,
<br /> . •. �, "-•'•��� 4. Fic�r,FTaad and UW�1''I�ard Insaranc� BniroiYEr shall inswe all impruvements on the Prop�rty.whethe��naw, ;:;;�'�y}� ,�,: �'`
<br /> ��s't • -,. .�iit enistence nnsuh ent[�t�e�.�.against any ha�.atdc,casualues.and oontingencies,including f�ae.for whic6 L�.det '�•,. ':.;�r; , �:�,':
<br /> t�; �,,�;c, ' � r�insm�ut'aa:�s ii�ur�res�all.bz maintained in the amount�pnQ for the periods that Lender zrquires. &oavser � si��c'_
<br /> � � ; ,'�' ;.}. ' #l��f 1 also in.nire ait�tti�pmverncg't�aii tfie.t�i'�iy..whether now in existCnoe ot subseyueatly erected,agA'snsi loss by Qa4ds �" t�t?�Y.:
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<br /> . _ ... � ;�:�-��--:s�;�;:i,-,', 1�;i1ic eatent reqi�ire8 by U�e 5ecis�firy,��P1:1L•iusurance shall be caaied witit companies agproved by I.ender. The ms�tce - --.-- `�a•�"
<br /> , , ,,, '�'•: '`•' ��;�ins and an renewals stisll�tie f�eld-try Lender and shall include loss paya6ie clauses in fauor of, and in a #oRn.
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<br /> � :��:.':,�'...: • ac+cepta�bte to.Lender. . `';` .
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<br /> ..} .�'��,f .,;.�;;,f,.. In ttr�e�•z�t-of toss.Borrower shsili.�'�Lender immediate noti�e:i�Y mail. Lender may malae proof of loss if not ,• •.;, . �. i
<br /> •`':= �.��=",';•'+;�r • • ' :`� : snadE pmmptiy hy$or�ower. Each insurur►ce.company concemed is hen�s�:authorized and dimcted to muke payment for `'� �`.'�' � �
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<br /> -•..t ,��> ��!'''�f'i�%�` such loss directly to Lender,instead of to Hnmower and to L.ender jaintf�., �x1J or any part of the insurance psoceeds may be , ��... ;:;:;�, . .�__---
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<br /> !"''�;'''��'>�;;�>-;��t%�: , e� ued b Lender.at its o tiona eaher(a)to the reduction of the indebte3iv�ss under the Note and this Security Insuumen� � 4 ' , rr�
<br /> `��:;�'%'�-.� ':y�. � p y p c l�ed in the order in h 3.ars�then to ment of rinci ul.or fby ca tlte � �'t�'�4�' ''v'`� _
<br /> � .,:':��,.- fi�st'.w any delinquent amaunj. app' �ara�aP P�3` P P _ K�� ;:.-.
<br /> �'�i;•-�.'�'.-' �1 •�t�.5yu�ation or repair of tho ds�n�-°d p�prrty. Any applic�ti�sn of the proceeds to the ptmcipat shall not extend or Qax3�a�!rtt 9:.i,Y��� ;,A���;i,,
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<br /> . � ..�6e due date of the monthly payments whish are referred to in Paragapfl 2,pr change the amount of such paymeat*.:- ,�� ������i:�r�`�s�� -
<br /> .. .. •,cxcess inseu�ce proceEds over amamaetntfreryuired to pay all outstandsri�ir.debtedness under thc iVote and this�au:t'� �,' :c`.`}�¢yr . 1' i
<br /> ' � •,� �t � �•,��Insorument shall be pa�d sP�he entity�Ie�sill�»ntided thereto. • �� - r
<br /> :; ,' � `•' , In the event�of�forn:ld�sum of�ehis 5ecurity Insuum.nt or other tra�rsier of title to the Property thnt exengui.�k�.�i4�r , , • •,•y,�#;;-:=
<br /> ,� ,•,. . ' ' ' itr�btedness,all�ri�fn�ttiltl znd�h�terest of Borrower in and to insurartcc policies in forcc shall p�s to the purchaser..., • , � � �.:;:;r_-
<br />_ ��"��`; '�� .�'� ''' S. Occapancy„Afc�+Yr'vation, Maintenance and Protectian of the Property; Rorrowee s I.oan Appl'u�itu�n; � ��. ;�-- -_
<br /> - • � '� � I.easehotds Botrower sNall'occupy.establish,and use the Property as Botrower:s principa]residence within six'tp days � . �' �� .�� � :�' t
<br /> �'�'' � afterthe exer.nt{an of this Security Insirument and sh�il continae ta accupy the Property as Bonowerc principal nes►dence `�; `", ''• °
<br /> . -�;. � . :,,'.;:': for at least on�ywr after the date of occupancy,unless the 5ecretary determines this reyuirement will cause undue hardship •.. ,
<br /> T" ".:;�±•�,.; , far 8orrower,ar unless extenuating circurtistances exist which are beyond Horro���er's control. BorroWer shall naGfy ` •
<br /> �. � '� :�ik:'.> �i�s�iers of any extenuatisKt�ar�:umstances. Barrower sh�7D nat comm�t watce or de��vy.damage or substamialty t�sattge '�::,:3,�<�,; j-
<br /> ' .,..:,r:�.Y�.l:�c . :c:...'.r• •
<br /> ' ,y•- ,:• .:�q���� � tlsc Pioperty or allow the Pn1{±��y to deteriorute.reasonabic�ti�az and cear exccpted. E�:nder may inspect the Prope�ny if the A . ,.;;�,�.,,
<br /> PropeRy is vacant or abandi>i��i or tho loan is in defaulL. Lu�der m�y take reasonabl�action to protect nnd preu��sucfi � . •;a��-.... •,�
<br /> - : vacant ur abandoned Piaperty. Boaower shall alsn br i��default if Borrower,during the{oan application proces�,gave � � „
<br /> ` `�' materially false �sr inzcc�ti-s�-�: mformatioa or state�nera� to Lender (or failcd to provide Lender with any. material � •. � : .. -
<br /> .,, informaiion)in connectiun+k�iS2�Lhe loan e•�i�ienced bc tir�'Vote,including,but nat timited to,repre�t�tions con�eming i , . ., ,
<br /> �". �.;;•',..� Borrnwerk occ�pancy af"ltre l�gerty as a principal ttitiiilix��v. If�his Security Instrument is on a leasehold.$am�Eti�r�shall . „
<br /> . ,,�^(�,
<br /> ;,. Y,,�,.,: ., c.�mply with the pr�nvib�e.ns:��f�h�tease. If Borrower acquii�:.-�fee tittc ta thc Property.�he leasehold and fc�e tit1e-h�ii not � , �
<br /> . �:� '�� be merged unless fxader t��}ca:s ao the mcrger in writing. i � •R_
<br /> '�.��� � 6. Cbttr�;L��l3��ns�!�r�and Protectton of I.eader's Itights in th�fttoperty. Borrower shull p�y all gov�rnmental �. ��
<br /> � .?:t:.,;;� or mw�ieipal c�:�r;,�,�i�t�and impositions that are not included in Pa,r.y;ra{�h 2. Boaow�er shall pay these obligations on f "
<br /> �. '� ,�,;�. ;�•; 6m�e dimctly to i'he ennty`)�hich is owed the payment. If failure to p.�y wuuld advernely affect Lxnder's interest�n the ; ,
<br /> ..':�(�°,�;�' i'roperty,upon I.endet's ttyu�t Borrower shall promptly fumish ta LendertYceipts evidencing these payments. � r: �,�
<br /> ':,�:� If Boirower fails to rnak.e these paymenu or the puymcnts rcquired by paragraph 2.nr fails to Qerfartn any other �
<br /> � � ' � covenanis and agreements comained in this Security lnstrument.or there is a Ieg�l pnx:eeding thai may s�gnificantly affect �� ,
<br /> ' ��: • Lettder's tights in the PropEtty(such s�s a proc�eding in bankruptcy.for condemnution or ta enforce laws or regulattons). � _
<br /> ' ti:�: ',� .. then Lender may do and ppy whatever is neaessary to proteN the vatue nf the Propert�r and Lender's rigttts in the Ptmpert}. �.
<br /> ` • '�,�•. , including payment oP taxes.hsuanA insurance and other items mentioned in Parcigraph... ; -
<br /> - ' Any amounts disbuned by l.ender under this Paragaph shall become an additionul debt of Bomoa•er and be secured i � ��r•
<br /> �' " 6y this Security insttum�n�. These amounts shalf be�interest from the datc of disbutsement.at the�ote rate.and at the -.
<br /> �� �w?': option of Lender,shaU be immedi�tely du�and pa}•a6tr. �
<br /> , ��.�.;, . . ' 7. Condemqatfom 'Iite prooeeds of any award or claim for damages,direct or consequential,in cannection ai¢h any �
<br /> • cotedemna�ion or athet taking of any part of the Praperty.ar for com•eyancc in place of condemnativn,are hereby assig�ed ,
<br /> • � ;;�.`; '.•� • . . ,. . and s6all be pand to L.endes to the extent of the full amount of ttte indebfedness thnt remains unQaid undet the 1`ote atad th�s � ,
<br /> + � • Seciuity lestrament. Lertder sl�all apply such proceeds eo the rerturtion of thr indebtedness under the Note and this Security
<br /> � �t�°'�,,;�' . , •: ' � lnstrttmen� firsi to any delirtqttent amounts applied in the c�rder pro�'ided in Paragraph 3.and then to prepa}�m�nt of
<br />_=_=1. �-�,--, --�� pnaap�!_ A:►Y aF?2ic�an af the�+tt+reedc to ther prinri�al shall nnt extersd or pnsipaae the due date of the montltfy ; .. � _
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