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<br />---�� � ��; . l. ��o�t F��tRal,���L�te Cttar�. Bau�wer shall pay when due tj�e prfnaipa{of.and interest on. - .
<br />_�_, `�. tha debs evidenc�d hy the Noie aad date charges due under thc Ndte. � ".. ,.
<br />_�`. . :,~-'�` 2. 1'��unthly paycaents ot 7iPxes,I�su�aace sad Ot}lPr Chargrs:`Borrow�r shall iscluda tu eact�m�tiil pa,�raent. ----
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<br />��` :, togeth�c�vith t�e piincipai and intexest ac s�t fosh in the Note and any lase�es.an 4ast�llmens oY any(a�taxss nnd --
<br />_ ._.i�{ � s�ial a��rs tev�e8 ar W 5e tevFrrd against tt�e Pt+opesty,(b)Ieas�nald paymenta or gcoua4 ients osi the Piopxcty,end . --
<br /> �� � ,..�{,.1-' 1 � ��,w, . (c)Dremiwns fas ins�Eran�requirea by�aragraaFb.`1. _ -____�---
<br />;y .:�� _,_ � �,,;, � moathly installment for items(a).(b)and(c)shall equal one-meltih of the anttua! ainwtmts. as teasmnably r� _
<br /> essamazed bj�Lender.plus an amount suffciea►t to maintain aa adaiidonal batance of not more tAan on�sizth of the ,- . ,- -
<br />_ - _:°'_�,�.:.._ estimated amnunts. The full annual amount far eacH item shall be accumulated by Lender within a period eudi�g on� �;���i W----�------�-
<br /> - -- ;r ' month before an item wauld fiecom�detinqueut. I�sfQr stiaU hofd the amaunts ca�es�ed'm uost to paq items{a).fb)and ,�-�.,. -
<br /> °ic:. : (c)befaie they aecome del�que�n� �`u -
<br />-�. �?�::>-:.'__ •,�� If at any time the tamt of the paymen2s held by Leader far items(a).(b)and tc).together with the Pot�ue a¢ontbly :rfi -�
<br /> .��, ';;��:,::,.:,�.=_�--
<br /> _ .... � � :�: � payments for sush items payable to Leader prior w the due 8aus of sucb items.eaceeds by mon than one-sixth the •.�-�_T.��:-LL=.-
<br /> - :-�- r'<<`<:,,:-,;; .� estimated amount of paymeats required to gay such i�ms when dne,and if payments on the NoDe are current,thea Leader _.� -
<br /> ' i�•`.,••,�-: s6a11 eithe=iefua+l the exo�.ss over ane-�h of dre�imated gayr»ents ot credit the excess over one-s'vcth of tiie estimated "���
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<br /> �,. �{�` iE�;`,':`::"...�`.-rp paY�'�����FaY��Jt���att3r�riptiarr.af Son»wec. If t�e total of the payments macE�by�o:rorler � �< - _
<br /> '� � �,i.E - - for item(a},(b).or(c)is insufficienr tu pay tiie ii�exm�uhen e1u�.dieu Bormwer shall pay w I.e,�der aay amoumt necessary to ,'-f;��' __ _
<br /> (+ , � make up the de$ciency ua o=befor�th�dat�t�ifess boc�me�du�. _ -
<br /> . _ � ;`.rrr,`�� � < As osed in dtLs,�viiiy Tns�vmeffG"�'�ne�ary.,�meaus ti�S�ccetary n f I�uking a n d U r han U c ve topm�t ar t u s ar i i e r : r
<br /> ; K�f c„� 't , id�e��f�gnee ia ed�r�yearur.uahizli the L�nder cnust pap,amart�itt�uranc�e.ps�to tfie Secretary.each mantl�Iy PaY!i?ettt•�, , , -_--
<br /> �'` �'} � • Sir�Il:aLsa incJu�ie�dt#� (i.}a� i�af.die anauab.mar.Cgag+�,ittsur�noe prcmium o�6e paid by I.eader•ta tj3� rr�sA?�.L.
<br /> � '':#;. � '.ar(i��s"momi�I ch of,$:aigragage i�i�...�c� pr�wqn.if this Sec�aity t n s a u m ent is i m i d;�t�•t�•..• s;7 iY;
<br /> �.i...; c�etctatY.+ Y ��'��i��' t. �aciuttul f�t�'.;�` <y^�:
<br /> :�,� <s " Secit�"sfr::�rach uiontffip•u�s�alli�u.f�:rhe�fi�r#�a�.e'uuurance prandum shall he�in.an amount suf�cien ta at�
<br /> .Y° 1 ` _ ��6.U�r�':���: �. .r�'i:__�----
<br /> `:Y �'Y fiill annusi mort�:•i . tvidt.t�tder one mqtuh• .tts�:.th�;slate We full annual mor.t�. ��ass�•;.
<br /> eachmon c}i �I` :r:`-----------
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<br />='r.� •�` � QIC4IIIWJ11SdllEtOt���t.QC:t�'�I�S.�F�;7�.y;�d�IP.1iII5�1,.:i���++ �l ,8f�.'�... �._�;10'-�::
<br /> ��,�. ' '+:=�,:,;�,::�s amount,equaltoon�=�� 1�n�'g��*,�tGecit'�iC�ssutsEscut�liij��L�edueontheNote. '�'�` �;•:'•: - ' _------
<br /> = ,�, .`'�. ff Bmmwer teRd�t�;E�n.�:1it��fu11�PaSririeiit of a!1 sfuma•t�r•ejuir�d�8�t c�s Security"Instmment,Borrawer�s,Q,t�si:�:± __-`:�
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<br /> ~ f� +,;;,. .`, ' . shal!be credifed with'i're�bz'�o�a�aining for aIi►nMa7f�isf���is..s a and c and an m e��'�?�;� - .-z(�;;
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<br /> ..t,.: � - P�?��installmetrt.tI?at i.emder fir,��ai berame obligated ta�Faa�.r.a d��..',-�sy,and Lender shall promptt}r tefiaid�i�:� ::��r_..-
<br /> ;.� ' ' `'�:•.. excess fuads to Borroa+er: iinmediately prior to.a�oreclosure sa[e of the�,�.or its acquisitiaa by l.ender,Bomnw�r's. �.;c�-:--=--
<br />- . `r account sball be c�edited a+ith any b�lance�g forall'nnstallments for`F.,�z, u(a),f�)�d(a)• � >�-
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<br /> . .. .��. �' . �� � 3.Appll�tioaoYPayments. AltpaymeatstmderPatagaphsl.and2stie��+eappliedbyLenderasfollows: ' . :•
<br />' . -. - . ��.��. � ORST to the mortgage insura�cg premium to be paid by l.ender to the Sesr�tary or co the monthly charge by the ��9 .���":�.----:
<br /> . . ';: Secretary instead of the mon��•�nortgage insnrance prem'sam: - .,.`u•�-- :
<br /> - . ';-;` SF �,w any.ta�ces,speci�aa�sessmen(s,leasehotd payments or grou:.d tenu,and fue.flood�otherha7ae� ; -
<br /> ';"� . insurance psemi�ns.�s tec>:�re8,:� ` . , �;;1��
<br /> �I���` ��.to inter�+-��i,hb i�ser.��t�.,.;.,' � • ; . • '.`• . ' r
<br /> � ��,,��'� ::r.,. • . 0��.w am�id��f�:�5�piinc�mof i�l�tot�: tti :' `
<br /> Y �s��r. �,to late cha.�:s���dar�e I�Fat�. , '� . � ; • � .
<br /> � � ,a i}� 4. Fire,Fload aa���H�uers!Insuraace. Barrower shall insure a1,�z�provements on the PtoFeiC�;•wlrether uic��s• �,
<br /> �¢�y�,�;,';, �1�'�F��•agautist an}��6azards,casualties.and ca,:itin�encies,including fire.fo.-witich LaiG!e•r
<br /> , in existence or su �
<br /> ` , . ..;,<;;,:::.,;� nequines insurance. :TY-^��s�rance shali be maintained in the amounts and f:�*i�::�peeiods that Lender req�ies. Bormwer . � . .
<br /> �.-� - - .�::;:f. shall also insure all i�we�ents on the Ytopeityrwtiether now in eustence�s-�:-bsequentty erected.agamst[oss bp floods
<br /> „ ":'; to the eatent requis+ed by the Secretary. All insurance siiall Iie carried with cosispanies appmved by Leader. TMe insurance . .
<br /> ' '��'%,'�f`�"• policies astd any tenewals shall be hetd lry Lender and shall inclade loss payable clauses in favor of,and in a form '°"
<br /> .. ',�,�;;:.� ,•;� acceptable to,l.ender. . .:`.�i , 1
<br /> ��:�,;�::.;:,;,.-; In the event of loss.Bortower shall give Lender immediate norice by mail. Le�rtder may make pmaf of Ioss if mot � •
<br /> . . �� "`"'�''�' made prosnptly by Borrower. Each insurance camp�ng concemed is hereby authorized and directed to mat:e payment fur -� . �: ���-=
<br />_ ,. `. such loss directly to l.ender.instead of to Boao�ver and to Lender jointly. Al1 or any part of the insurance�,:oceeds rnay be �"•'•�����`,�
<br /> - ��,.% • ,- . - � w• �-
<br /> � ',��}y��i����;�:,� �1'`; • applied by l,ender,at:,s Qption,either(a)to tlte r�,,:tion of the indebtednesC u�,�er the Note and this Seu-�»r.�;Insdvment, � ,;'"�-��
<br /> :F��`���� . ••, • first to any delinqt�:�r��snounts apPlied in the c^�in P�agnph 3. and t��o?U�prepayment af princ�:�:.ur(b) to the �� �
<br /> f',:t r�,.;�;l��'y�;��;�;,�, testoratfon ar"rep�r off,r��Qamag���rFerty Hs:y�pPlication of the praceed�'�r s`:e princc�a�T�atl qei ex�a os� ���
<br /> ' '�-;''.i,.:''��;�,�ri,h^:+�`���ryy�r,j.. , the dae date of the ier�r�i}r�f�7zc-��x avhieh are referred to in Paragraph 2,qr ch3nge tt��_i:�rc e,�s'�u� �-�:�ecc:.� ,�:r�- ,..• .:{ .{l'`�._:.
<br /> ' .��;'Asf;�?�'•'r. excess i6surance n:ey�a�'s over a-�w�ount� uined to a all ou[standm i:J�ei�t.dness��z�'dia��,�te�i�i9 S�x ."a�� , ri���� `%t'''
<br /> `:•�ti:.�n.,is. c F• �{ P y g . . �• 1 �,., et•�1 r r:,--
<br /> - '�•��j��"�.�;°'?,,';p}kt�;�';`'':�} �: " . lnswment shall be�prac�ie�tbe entiry leg,ally enti[ied thereto. � ' • � �.�.�, . ,' �j(�p '°:#"-:i':
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<br /> ,y�4,,�_ ��t•?,,` �. • in the event a�s.ii�closure of this Security Qnswment or other transfe�of title to the Fmpes;r'�.,ar.�i.^�guishes the �;f• �. � '. �,��;;�� � _
<br /> r, . • ,. ;,r.;;,t��f, :; indebtedness,all right;title und interest of Borrower in and to insurance policies in force shall pass to tTx�p:���aser. ? � ��}'��� ,? __
<br /> _ , ;f'� � � Oo�vpansy, Preserva4lon,Maintenance and PraCa�.non of the Pro �aa� '3 �n A Ucatiaa• • � �'�1�f������ s
<br /> • r:. ;•s.,;::. 5. PeM3, a'�7'• PP + � :.nt3�,.,,,,..",,;�;':,:
<br /> ' ,; _.� � • l.easetrolds. Bonower shall occupy,establish.a�d use the Lana�'y as Borrower's p�nr•i�� r.s.��-ace•within sixty dsy$ }}����r
<br /> ,: �� � after tha executian of this Security Insuument and shall continwe��s occupy the Property�s.�E•:r�:+u�s p=�cipal msidertce
<br />� ` ' " ' �' '� for at least one year after the date ofaccupancy,a�less the Secretary detem�ines this ceqL:r°a�-1�:'wi�4:�,wse t+ndue hardship .. � • � ,
<br /> - . :t � ; ' � for Borrower. or unless extenuating circur�istances exist which a�e be�n��F l�t���wen's`:.�a:-�-'r,:.i. ���-s�:�•,r shall notify ' ' �`
<br /> � � '� ��,�� ' l.end.,ws of any eatenuadng circumstances. Borrower shall ndi commit wacr.��r�:s.r�;:y�c:a�e or s���,:antialty change � ��.� .��_� `:: � ' •••����:'
<br /> � •. � ::;�'��:• '�;:: the Pmgeary or aUow the Property to deteriorate.reasonable wear�nd tear exce�d:d. Le�,s�ns:y inspecw;�Praperty if the ` . ,,:}F':rs!:;::. �
<br /> Fmpetty is vacant or abandoned or the toan is in defauh. l.ender may take reasonable a�a��:�i:�protect�d preserve such . ?t:t;i'i��st>� .•.�.•�.r;.•
<br /> ..: ., .. . •i,��;�,�.!.. ,c.•,,.
<br /> °����` vacant or abandoned Ptoperty. Bormwer shall also ba in defauit if Horcotivet,during{he ioan appl�cwt;�a process,gave r:'���,.� .;� ,-;.�
<br /> �!..:,�.:,=. , .:,,i';',w��'�i` t , �.
<br /> •;.�. ,. materiall�r false ar int�ccumto mformation at st�tements to Lender (or fuiled ta provide Lend�r ��iiii� any material ; ,.., � ,;,.,;;,,�;:
<br /> 'r;,; � infam�auon)in ear�r.e�ction with the Ioan evidenced by ihe Nate.including,but nc�t limired ta.repres�,^�:vv�vs conceming � •,;_.� r �
<br /> Bomuwer's occu oi the Pro ert as a rinci al rnsidenre. If this 5ecurit Instrument is an a leasel��'W;L��:rrower shall ` � ;, ; •• '�
<br /> t;�•.:. P�cY P 9 P P Y ;,-y�;���f,,,.�,r�,,':
<br /> � :•�1 comply w11h the provisions of the lease. If Barrower arquires fce Utle to thc Propcny.the lea�ehold a:ii!��titic shall not -,�..t.�,. i.',,
<br /> ' ' be mer�ed unless Lender agrexs to the merger in writing. ����}�t�{'j}f'.: `
<br /> � ��; ' � • 6. Chnt�es to Horrower and Ptm1er�ion oY H.ender's Ri�ts in the Property. Borroi�er shall pay a11 govemmental • .';�'i;;t•' ,;;: • '
<br /> ':,j= �_� ' or municipal charges,fines and impositions thai are not includtd in Pamgruph 2. 8�rrower shall pay these abligations an ; ; � . '' �:;��
<br /> r.. time dit�octJy to the enuty which is o�ved the payment. If failure to pay would sdvensety affect Lender's interest in the ��.'��4:�;?�_
<br /> ��;� Aropetty.upon Lendet's request Bonous�er shall promptly fumish to Lender Feceipts evidencing these paymettts. • '',�;;;� • -
<br /> w'�2;:�:.,�.;�.:�':� if Bprrower fails to make these payments or 1he payments rcyuited by patagrnph 2.or fui{s to perform any other F • ' ;'.�� '�'
<br /> �•.'� , �' �;�`' .' � covennnts and agceements contained in this Security Insttument,o�thete is a legal pre�ceeding that may signifteandy affect ;; '.'�'':t ,
<br /> - Lender's sights in the Property(sach as a praceeding in bankruptcy.for rondemnation or ta enforce laws or ccgulations). :!:•. �
<br /> �� � � � ' then Lender may dd an0 pay whatever is necessary to protect the value oi the Pmperty and Lender's rigiits in the Property. •, `` :` •• �
<br /> ' inclading paym�nt of tFUes,hazard in�wance and cnher items m:mioned in Puu}xoph 2. � . � • '
<br /> , �, . . • A ny a m o�t s d l s b a r s e d by l.e ader under this h shall become an addiuoaal drbt of Borrower and be cecured . • . '
<br /> � •.�,::•.__ . . . . by this 5ecurity Instrumen� 7tiese artiqunts sha11 bt�st fmm thc date oi disbvrserttem.at the h'ate rate.a►�d at thc f. , , .
<br /> �; ; ,, o p t i o n o f L e n d e r.s 1 2 a ll 6 e i m m e d i a t e►y d u e a n d p a y a b f e. ,
<br /> 7. Condemttation Tlte proceeds of�ny aaard or ctaim for damages,direct ur wacequemial,in conrtection with any ,
<br /> . ' , '. • ' , cbndemnation or other talcifl�of any part of the Properry.o:for conveyance in ptace of condemnation,are hereby assigned !
<br /> � � � � and shall be paid to Lender to the exrent of the tull amount of the indebtedness that remains unpaid under the Note and this M �. � •
<br /> ' . Seciuity[nstiument. Lendet shall appl y sach praci�eds ro the reduction of the ircdebledness under the Note and�his Seeurity � 1
<br /> _-- _ --_- ------_ Tnslrument,first ta any delinquent emnunu applied in the order previded in Paragraph 3. and then to prcpayment of �_... -- . ' ,,.:__:_.;..�._
<br /> � � ' �principal. M} sipplication of fhe proceeds to tfl� principat�hatt rtc�t extend or posrpmte the due�te of the momhfiy i:-:--;--� � �-
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