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<br /> � �` ° . 1.�ay�•aa:�of�i���,[e�mm4�I ta�4�CB�. or�rer sh�il p�y vui�en dua tDis prin�Ipa10'!.�nd in2er�s�t o� . ��` .`�Y
<br /> . ' ,.�',�,'Ji ; ` �• tisa d&�8 svtd&tttt�d by the Pdote end[ffi��a du�uTtder the Ptot�. .. ` . . '� ��
<br /> 2.N!or�S�pay�e�a ot Tax�a t t�s�r�a a r b fl�� s s: �o r ro w�r s h a l i f���t e U e a c t�m o�y p a y m e r� t ; ` r F F �:
<br /> "�� � . ¢ogathBr wfiht�e ptiaci�t�nd(t�ere�t as aet faat�t�t�a Nai�any tate c�ar��s�an tnsiallrrterR ot any 4�a)texes snd � A ,. .
<br /> `�f P� Y �� nts or �und�cn the ��'� `�t T
<br /> - `h � � -�= � s�a c i�t s s s e s s►e�s rt a I s v t e d a r t a b a t e u t e d a g�1 n s�t�a R ro r t , l e a s e h c t d p a y m� g . .`�,F.` � .
<br /> `��°��t'`` Property�atrd{c premlrtms for f�sur�ce teqa�fr�d bY Patagraph 4. 2�`.t� �" .
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<br /> -`:4. .. �: E s c t e a t o�t h�y t n s t a i t m e r�M r�e t n a(a)�(b)a n d(c e h a 1 1 e q u a i o n�t w e f ft h c f t h s a n n u a 1 a m o u r�2 s,a e r e a s o n a b t y .
<br /> k�;��`��` �'��ir. � tt�anone�sbahalthe ..,�v=
<br />_ �,�.�._::, estlmaYedbylendet.piusanamotmtaaafitcier�tto nar►add�tanalbatancaa�ngimq�e _. . -
<br /> ': : : � '� estirt�ated emaurus.T he M l erm u a f emc u r►t fa r e a c h i t e m s h a fl b s e c c w n u t a t e d b y L e�d e r w�h l n a p e r t c d e n d t n g o rt� . ;�= f. .�`_
<br /> e;''�;�•: � . r month befove an ftem vra�d becom�deltnqueM.Lender shatl hold tha emourts caltected U wst w pay items(a),(�) � �°� t,.�a.
<br /> . ' t� `, ;.. artsl(c)batqr�they became deHrtqus� � - _
<br /> ttatar►yBmsthetot�to44�at�eritahe�dbYlerdsrtaritemQ(ay,(b)ar�tcl.ta9ethsrv�fthth�#�eremor►thiy ; .� �'. `,
<br /> ` gaymerna fior such fiems payable to Lendar prior to the duedates o?su�h ftems.exceeds by more than ons-sTxth the.
<br /> estt�ated amaunt ot yme�4s r�qulred ta pay sttch(tems vfien d�e�end if payments on tP►e Note�ra currerrt.then . . _ ` - . ,.
<br /> 4 , � , ��� -' lertder sNall e�her�the�ccess over one-stutli af the es�ffiee!paymer�YS er c�d�the excess over one-sbah of the •,. �." _
<br /> ' � e3tlm�ted p aymetrta to sUbseque�P$ll�er►ts by Bo��xBt.st the optiast o�B�ower.lf the tatst of the paymerrts made ',•..-,--...`�' _"- ,.
<br /> .' : ., : by Bo�rer f a s tiem(a}.@j.or(c)(s insu�ici�nt to pay the ii�tn wh8n due.t h an B orrower s P a a t i p a y t o L e n d e r�n y _ _. - , _ .
<br /> ' > s�`.�; � � � amour►t necess�N Ya make u�+the deBciency o►t os beto�e the d�tetP�e ftem bscomes dur� - - �- - .
<br /> ,; °,, , �`'.. As used in t9�ts Sscuti�yy tastnunar�,'SecrotarY means the Secrotery af Hausing and Urban Devetapmsr�ar his or , . .
<br /> . ���•.�:`:`` hec designea tro any year Gt,vririch the Lertder must pay a mereaage insuiartce P�emt�ur►to the Secrotary.each mos�hty ;' :---. �; .:.. ,.
<br /> _ ` . . ; . . paymern eh�11 atso incl�ds etther.(ij an instaJimert of the annaal meatgags tnsuranc�pr�mium to bo pai�by I.ender to :: ', :
<br /> -�=1::�--.
<br /> the Secr�t�N.or(i�e monthly charge instead of a mortgage tnsuranc;e promium ff.thts Securi�l InsWmerd ts hetd by th� f ` _'� �.:.
<br /> Secretary.Eac�rrtornhiy instaliment of the mortgage insurance premfum si�a(i i��In an amesu�t sufRdent to acceim�tat� � °. '�:��:<. °�" ;;
<br /> . � the C�tli artnuat rnortgage lnsurance pr�mtum with Lender ane mardh prlcrYO th�d3te the futl enmral mcrtgage ;.,".�;�,'.�.`:,.
<br /> ,� �'. . . °;. ,,.- '.:`-
<br /> ' e� . ' t�rsuranee prete�ium ts dtte to the Sectaiary:or ff thts Seeurity(etsd'uersertt ts Preld by the Sec�Yary.eaeh tt'ta�tfity dtar$e •.. '.��'.�,��.: �.. ' .::
<br /> �,�,` ,., ,� shat!be(n an emouM equaf to one�v�elf�ot one-�aff peroerd of the o�dtrtg prir�ciFal6alartce due c��ra Note. : . : �... �;.: �,,.. , ,,�
<br /> ' :;.. � (t Borrewer tenders�l.srtder tne fi�f!paymerit af all sums secured by this Security Instrume�Barr��'s accoua! . :.:;�d'�� ..," . '� -
<br /> :`��, . . � . slffitl be credited w�h the baiance remaining�orsll tnstaltme�is for ftems(a�.@j artd(c)artd anl f mortg�.a�sur�nce -� _ "� .. :: ,`t'
<br /> :....` : �tremJam instaltrnem4t�at fBrtder has Rat becortre abligated to�ay to the Sscretaa�y f.and Lertdec sl�a11 p�t:��(y retW�d `�Y ,��-. �.�� .';,�.: `�
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<br /> airy excess fiartds to Borrou�rer.imtnsdfatety p�tor to a foredosure s�afe o4 the Proper�ar its�isRion by l.ender, . � , � � — ;�°� � ' ;
<br /> Bortawer's account shaD be c�dfter��rRh arry Isaalance rematning 4or s0 ir�tallmeMs�or iteins�aLert�� ��o � '�., �' �Y � �
<br /> , � . �. 3.��Qca'��n of Ptiy�ents. A4�ayments under Paragr�hs 1 and 2 shall be appt ed by � � �� ; ;. �-'
<br /> . ._ �,,• . FlRST.to4�etRc�lnsuranCePremtumtobepaidbyLendertotheSecretaryortothe�rter��jdh�e�,�- . .,:��;� .. ,°!-�. ,-.,�__
<br /> � . Sscretary instead�'f tfte mornhty martgaga tnsurance premtum: � . � .;.`:: .:., •:. : :;%�`�• : �
<br /> .. S�CQt�D,to arry taxes,speclai assessmsr�s.leasehotd payrtteMS or grourtd�ents.and ftre.flded�nrdi i�� . . .'•`.::� ,
<br /> .-�-..-�!.f • .
<br /> Insivarrr:e premlums,as tequired� , . . .E'•..�r. �;>. :
<br /> �"i, : . . THti�D,to iMerestdue undorthe Note: -, � � � � : . ' .^; < �.
<br /> ,� . " �QU►�H;to arrcniti�atton of the p ' �� � , , ,;t;. „ � . �'�r.;;; ��,:,:..,
<br /> '( , , dftC1j�lOFth9I�IOie: .''• `.=: . r.� �_ ,
<br /> t '; �F�j,ta Iate charges due urtder the Note. • .. . �� ` �����;�
<br /> 4.��t�ad eer�G�r Har.�d(nsur��c� 6orrower shall insure aIl lmprovemer��r.'r,�the ProRc.ir€y;evhethet`,�_. , �t s . �
<br /> ,�;,, ..;�1�
<br /> naw tn�str�rr.ce or sa�sequErt�u c-�o�ed�a�ainst any haaards.casuaities.artd corttirtgee�l�a-inGuding ftre.fo�rrtif�i� � :`'�r..,.;;rs; �
<br /> ;,. � �.:„�_ �
<br /> • Lender r�iiz�s tnsuraccce.'�is�a�ca shail bo matntalned in the amosmts and for the�ods that Lender requ�res f, . :�R��F�i(�,::�
<br /> . �� Bortower shall atso inssrra�."�.ic���ements on the Property.v�hether rtow in existence o���sequerrtYy erect�l, �; `���y:.;-;;�
<br />_ ; ;`�" ' `r;.� � against tc�sss by i9oadsr�tF�exre�requtr�by the Secretary.A11 Insurance sha►I be carrted wRh companies approved ., �' ��.�� ..
<br /> :� . :-,� ..
<br /> :._ , ,, , by Lender.Tha insura�e Rollcfas and any renewals shall be hetd by Lender and sha11 Ucl�de toss payable dauses in f; ��^' �t-
<br /> �? � t. tawr of,artd in a form acceptable tq Lendar. � :.�
<br /> ' tn the event of lass.Borrower shal!gNe Lender fmmediate aotice by mail.Lender may rr�ake proof of loss ff nat � ��� ,
<br /> �; `' ,:`�•�':'� made prompUy by Borrower.Each Insurance eompany concemed is h�reby authorized and dtrected to make payment i � : �
<br /> . `' � � tor such loss di�ectly to Lender.Instead of to Borrower and to Lender oimiy.All or any paR af the fnsurance proceeds s � • :��-,�
<br /> � '��, ''� ma be a lled b Lender.ai Its o tion,efther a)tothe reduction of�e indebtedness underthe Note and this Sesurny � %� -
<br /> '-. ,.- Y PP Y A � �=::j� .: - .
<br /> � �� �"' InstrumeM,flrst to any delinqueM amourrts appited in the o�der in Paragr h 3,artd then to prepay ent of pdncipat.or j=`
<br /> ; , . ap m
<br /> �� ��'`-`'��'`• (b�to the restoradon or repatr af the damaged property.My application of the proceeds to the principal shall not
<br /> �` ��.::;,;;. e�d e n d c r�a a s t p a n e t h e d a e d a t e e f t�,e m o n t h t y p a y merits whicts are referred to tn Para,�r.,�ah 2.or change the amount _ � :x
<br /> .`, . af$uctt��+aents,qny e�ccess trr�,u��ce proceeds over an arncw�t tequired to pay a[�c�:�ding[n de bt e dness un der
<br /> �'� �,-. , the Nc��a��t�is Sr�r��nstrumESrt shall be paid to the entity Fe�l►y entitted thereto. � . . . � �
<br /> � ''�, .��`��` t�t'��e1^ar�of��ti�re of this Security Instrument or other transter of ptte to 1he�paRy that exttnguishes the . .
<br /> �; �._ . '�debtedn�s,a!!dgh�ti�e and interest of Borrower 1n and to insurance pol[ct�tn torce shail�aass to r,t��urchaser. ;�
<br /> � � � S.tttxwpancy,Preaervat�an�Mai�tenance and Protection ot the Rroperty;Borrow+er's Loarr a uattom, ,
<br /> �- Ilea�ct��. Bonower shall occupy,estabtish,and use the Property as Borrower's principal reatder,aa,vfthin sixty days ,
<br /> ' . � � �r��::utionofthisSecurirylnsuumeMandshaftcorrtinucc�tooccupythePropertyasBorrower'sprincipal . •
<br /> ;: , ¢w��:?a9'for at least one year after the date of occupancy,a�i�the Secx�tary detem►tnes this requir�mem will cause , , , .
<br /> �• � ' Wrt�cce?�rdship for Borrower,or uniess extenuating circumsLwr�?�eutst v�T,t�h are heyond BoROwer'�c,4ntrol_Borrower
<br /> �: • ; shafi rcati:�y Lertders of any extenirattng circumstartces.Borrcm��,�s^a0 not cammit waste or destroy,d�rage or
<br /> f subs'^ �' y change the Property or altow the Property to de�:r3te,reasona6le wear and tear excepted.Lender may
<br /> l inspeEt u�r�Property N the Property is vacant or abandoned mr.t�22 foan ts in default Lender may take reasanabie action
<br /> ' ! .to prote��nd preseNe sucf�vacant or abandoned PropeRy.C�-�=ower sha11 also be in default N BoROwer,during the
<br /> ' laan applicaUon pret�,gave matedallyfalse or tnaccurats rr,Gcrrr�ation or statements to Lender(or faited to provlde
<br /> �ender wi4h any rts�:�Iniorrttatlan)1n connect;.¢n with the loan evldenced°by the Note,inctudirtg.bc�t not Itmfted to,
<br /> rt�resentations c�n;cr�is-9 Borrower's accuparcr�of the Property as a�r��a�2a1�estdence.If thls Sr�.u�Clr Instntment is
<br /> p�a ie<^.se,°��sl�,6�piro�+rfnecs�all compty with the pc!xristona of the tease.{f l3'a��r�er acquires iee tiUe tA t}sr�Property,the �
<br /> ��ir.c�e��.�fee 6"ie��`aD not be merged untess Lendet agrc�to the mergc-�In writ[n� �
<br /> ,.�. , �lal�awer artd Fr�tlon o4 O.ender's Ri�ttr�an tho Property. 8arr��rer:h,�t�raK i�b govemr��r�1
<br /> 6r,mzu�r:�cPsa�:�as and impositiona that�c�not includc-ttin Paragraph 2.Borm�rr�rwln��t�rt2se oblir3fJarr�
<br /> 4 pr,������.Iy tc�l^r-c-�-ti:cy whtch Is owed the pa�}�r:ern.If tailure to pay woutd adversE�y��(��Lr�'3 inierest 3r:•ii�e
<br /> ���,t,�iytr�.�dc�r�r2quest Barrower shall prompUy fumish te Lender receipts evidr�v�n���xi3 asents.
<br /> � 9�I�r.�ae���r fa3x�70�a'nake these payments or tha payments�equired by Paragraph 2,rir.f�,+'.fs to p�ct�n any other � �
<br /> covetsa.ni�.r��agr�etnents cantaMed tn thts Securhy Instrurrtem,or there is a tegal pracar��ls�g that may stgnifican�y
<br /> affect Latrt!�''s rights in the Properry(such a�sa proceetfing in bant<►uptcy,for condemaa�i+on or to enforce laws or
<br /> ' . ; regul�t[cs�s),then Lender may do and pay whatever ts neaessary to protect the vatue of ti�e Property and Lender's .
<br /> � ; rights in the Property,tnciudtng payment of t�ces,fiazard insurance and oiher itema mer�ioned in Paragraph 2.
<br /> � � �� ' . My amourns disbursed by L ender underthis Paragreph sha11�ecome an ad dit io n a l de bi o f Borrower and be �
<br /> ' T � s a c u r e d b y t h i s S e c u ri t y fnsVUment These amouMa st�all bear irrterest ftom the date of disbursemeni.at the Note rate,
<br /> � and at the option of Lender,shall be immediateiy due and paya6te.
<br /> 7.Condemnntion.The proceeds of anyaward or claim tar damages,direct or cunsequential.tn connecttan with
<br /> ,> any candemnatlon or other taking of any paR of the PrapeRy,or tor comreyance in place of condemnation,are hereby
<br /> y . � assigrted and shatl be paid to Lender to the extent of the full amoum of the indebtedness that remains unpaid under the
<br /> � Hote and thts Security tnstrument.tender sS�tait app{y suoh pracee�ds to tha�sluciicus a!tho iadcsbiednesa tu�der the .
<br /> � Note and this Security Instrumen��rst to any dellnque�amaurits apptied in the order pravided in Paragraph 3.and
<br /> , =�a, , , � then to prepayrrte�ot pdncipal.My appiicatlon otthe proce�d�to the pNncipal sha11 not e�Qend or postpcne the du 2`91
<br /> � , FNANE8R0.SlWOEEOOF7RU8T pp�2pf4
<br /> �1 ; ISC/FMDTNE//Ob91/(,2Atj-L 3
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