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<br /> - ... . <Y� � .. . � � . . •. . . .. - ' : . C. '/ �,+ . . r .' . . • ._
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<br /> -n� � - . . . ' . . E . . . � �7�
<br /> `'� � � .: .: : n t e Ro . ��m. m�m�o ma� e eor�r�car aem c8�.ro1.a�co�cs � � s � . '` ��'�
<br /> paym�r►ts�yr easmar�,at th9 oydfc o o � P�Y�'� r
<br /> ;� •<. � . � . ' tns�ictent ta RaY ttts Sem when due,t[ten Borrower shaD pay W Lendar anY aaount naeas3ary W make uP the deficiencY on or ; . ' `rr�:
<br /> - �` 08tote Ute dste tha�ern becomas due F �
<br /> - , . . AS uSHd in this Sa�ufdY instrumer+L `Sect��Y' meens th9 3aeremrl►Of HOashg end Ihben Qtsve'.O��t ot hts Or h� " �. � '
<br /> � des�.tn aay Yaar h which the Lendar must pay a mart�e ins►trEnce O�nLm m tAe Ssaefary.eaeh marrthi�Daym�!eRaA � " -�
<br /> i
<br /> � , also trtcUde eEher:(�an instaDr�st oi the ennuat moRpaQe hsvran� Premlim to b9 Pald by I.�d�to the Seer�tery.�r(f�a� �, , • .. , ;_,,•
<br /> :- . ' mornt►ty charpa �stead �t a martpaQ�dnsuflrtca 6ran+Lm i thts Saeur�y Insbument Fs h810 by the Secretmy. Each morttht� .
<br /> ,. ' � Ha�t of th�mcRpaQs hsiaac►ce 0�1�shiY 0�N in amount sutfiefent to accumul4ta the futl ennuai mart�aQO tr�surane� ` , � �
<br /> •..'� ,. .. � ; PrerNcm w�th lertder on�man t A D�'to t Re d a t a N a N Y a n n u a l m�h swin a p r e ml4m ts due to the Secre t e�/.ar�th , ,�,
<br /> th
<br /> • �8y Instrurt�ent ts haid tiY tt�Secreta�3►.each manthy�ct�arne shaY Oe b an emosmt equal to oaelwaRth oi onefia�P�cen�'. �. ` ` • .
<br /> ' � ` '` of tha outs�f�np Qrincipal batortae dus an Ne Not� � . � � �. ' .:
<br /> ti.Borroxrer t�de�s to L�ndeP the tuD paymant of a9 sums se4�►ted bl/this Sacur�]I Instr�urient,Borrowers eacaunt sliaJ ba �i ' � ". � . R
<br /> --._��... cxsQdEd w3h thA CstattCO tetn8nfng for BD hsffiMrsents fot�ns(e�(Q�.and(C)ana etry rtt�rtg3ge hsurattce Ptem�tm bstalknattt � i.,' ' � .
<br /> : that Lender t�s not become obAgatad to paY to.ths Sec�Y.and L�dsr shaH prompUy redmd arry m�fimds io Borrower. � � - - - ----, .-- '`
<br /> . . ImmedfefeN Pr(or to a Ioceetosurs sat�of U►S PropeRy or Rs ecqu(s8ion by Lender.Banawefs aceount shaD be cred3ed w3h enY � '' ,.
<br /> -. ' 6alsrtce�ahhp far a8 iisM�nts tot Bems(a).(bI and(Cy � � . , . •
<br /> . - �- .---�-.. 3.AppllCetl00 Ot P�yfitCflt�M payments under OarayraPhs t and 2 sha0 be aAAQed bY Lender es taaws: � [ _ _ .
<br /> FIfB#to the mort��fnswance Premium to be D�by Le�da W the Secr�ta►y or to Me monthtl►chargo 6y the Secxefsry �
<br /> � � ' ' � instead ot ttie monthN mortgaBe tnsurance•p�emium; � ( ..
<br /> � � � Second,to a,�y m�s. specm� essessmar►�s. rsasanoa oarmenss ar ground �er►ts.end ftre. ftood end aMer haard I •
<br /> - � . hsurence prstntimis,u�aquire� f .
<br /> � Thitil,to int�ast dua unde►thO Nota: � ' '
<br /> . - � Fourtit,to am,arttsatton ot the pnc�Spai ot t�e Note; �, , � . ..
<br /> ,. ,
<br /> �- , ' Flfth,to(ate ctter�Qtte under M9�fote� , s , ,. _ `•� ;
<br />- ;.1 ; - � . � a. FGre,Ftood and Other Ha�erd fnsuranca. eorrovnr sn�rnsure ae tnvraven,en�s on me Proyarty�wnemer ��.
<br /> � . now h�ar subse4uentry erected.a�t anY haatds.casuaQiss.an0 coMirt�ancies. Inal�dtnp Hr�„(or whTch Lender �� •
<br /> . . -� requYes hsuru►ce.This lnsurance sheD be mainffifned h ths amounts artd tor fha Pe�1OQs t�a3 Lender requYes.Bortower sha0 , . '
<br />_ � � ' • a�o tnsucB e8 improverients on the ProPe�tY.whethe►naw tn md�tce ar su6secNerrtill ere�ed.a9�st loss by ftooQs to tha .f : . `. ;• . *' •
<br /> - ' extent wqutred by the 3ecretery.AO(ns�.nance shaU be carrted wHh co�snies epproved by Lender.The fnsurance po6ciaa end ' . • „ ..
<br /> ariy renewaLs sha8 6e�e�d by Lend�and SDa9 inClyde bss peyabis cfduses tn favor of,end in e Porm acceptabi9 to.Lendec ' ` . -� .-'«..T:
<br /> :_ ..,-.-�.. _ �.,.. .__ .. . --f-b - �B fiM LenQ imrt di9 - tiCe b maa. ----ma ...ioof o�loss �no . 3'e ---- -�� --- : '
<br /> • • fn th0 event o ss. orsowar s plue er e t9 no y tsnder y rna3ce�o �tna � '
<br /> ' Promptfy by Borrower.Each hsuran�company Cancemed ts hereby euthorized end directed to make payment far sucA kss , n r. � • �"�'��
<br /> . . ; directy to Lend�.instead of to BoROwer end to I.�der joMryt.AH�or any Dart of the hsurence proceeds may be app6e0 by ... ?,� -
<br /> � . t,ende►.at 8s optlon.eRher(a)to the reductbn W Me hdeDtedness under the Note end thts Secur�y Inswm�t�ftrst W any � '• "''.= !:'—�
<br /> , �-. - de�nquent amaunts eppQed h the ordec b Para�ayh 3,and then to prapsyment ot pAnclpai,or(b)t0 the�estorat[on or ceyaM ot �.�; ��"
<br /> _ _.:' _ . _ �� ��p�A�Y• �►Y ePDlk�tion o! ffie proceeds to tha prirtc�al sha0 not eodend or postpone tfie due dat� M-ttre . ;:.;�;:,c�
<br /> dS �
<br /> . monthy payments whfcA ere referted to h PamQraph 2, or chanpe the amount o! such payments. Any �rcess hsurance � .> � _
<br /> �. �' praceeds mrer an amaunt�equYed tv PaY aA outstendin➢hdebte�ess unQer the Nota and thfs S�urBy Mstrument sheH be paid .
<br /> . to ths entdY�OaM►ettLtlod thereto. : •. ' �� ,;:
<br /> tn thB e++�t ot forectosure of th(s Secur�yr Insbument ar oMer tr8nster of t�te to the PropeRy,that exthgutsAes the .
<br /> ° _ . . hdebteQness,all ApAf,ttte end bterest ol Borrower In and to tnsurance PoOcies b forrs sfiaD pass to the purchase►. _ : �, .
<br /> . *..n:
<br /> 5. Occupanoy, Preservatton, Maintenance and Protectton of the Psoperty; Bor�ower's 1.oan � � ;
<br /> � .� •• . . Appliaation; LP.�Eeh01d0.Borrawer shau accupY,estab65A.and uso the ProDenl/�Borrow�'s pr(naipal restdence wftfiln . ...": -, r
<br /> " . ' sbdy days eftar the mcecutWn W tAts Security Inswment end shae coni�nua to accupy the Property as 8arrowers Pnc��al . � ;/. �,!j
<br /> _i ' reSidenCe tot 8t IBest One yeat 8ft6�the d8t9 ot OccaDBrtCY.unless fh0 SeCfeffiry Qetem1h89 thiS f8quir6ment wm CauSe undue ,°�>�. •; ;
<br /> ��(
<br />- - --- - - - - ._ hardshp Por Bonower. ar uniess ext�uathp ct�umsmnces mdst whtch are 6eyond Bortowe�s control. Barrower sna0 not�y. _ _,. ,�; �f ,: :v -,
<br />=. � Lenders of s�ry �ctenuatiny cir�umstances. Bartower shnil not commR waste or dsstroy, dsmage or subsYantta�y chenpe the
<br /> J� h
<br /> � Property at aYOw the Property to deterWrate.reasortabt�wsv snd tear�ted.Lsnder may hspect the PraPedY B the Property � < •
<br /> f ' ts vscant ar obandoned w tha toan ts In defauR. I.�ndar may tatc�ra�aonib3e actton to Protect an0 presa�ve such vaeant or ,. .�.:�3���
<br /> . � abandoned Propertq.Borrowar efia9 also be b defsuR B Borrawer. durin0 tfis ban appficatton pro�ss.esve matertaRy false m k ° i : � i='
<br /> ' tnpewrtts hfomtatlon or sfatert�►b to Lendar(ar ta�d to prwids Lender w�h enyr mater(al hfartnation)b connectton wSN tds � .._y� .,
<br /> � .. • loen evldence0 bY tJse IVOte.hciiEhp.but not 6nRe0 to.reprasentationa concemh9 Borrowers occuDancY of the Pioperty as a E• '. , • •
<br />- • . � principal residenae. II this Sacu�ayr Instrument is on a ioasehotd. BorroYrer sha�compy wBA the provisions of the tease. If • -
<br /> . ; Borrowe►ac�utre�fea ti�e to the Property.the teasehofd and faa tftfa ah3/not be merQed untesa Lender a�ees to the merpet b �
<br />- � . wt�htQ. � .
<br />- . � 6. Charges to Borrower and Protectian o!Lender'a Rlphta i� the Property. eorrower snaa pay au � � � � ��. `� ��,�
<br /> � ' � � pavemmental or munbipal charpes, ftnes end inposftbns that are no! hcluded h ParagrapA 2. Borrower shaD pay Mese � �� �
<br /> ' ,. • . If re to a wout4 a0verse attect lendera tnterest tn �'•. __ � ��' •.'�
<br /> ':,��� obUIIations on tTme dPectry to tha entfty whlcb is owed the payrt�t fa0u p Y ty ' :i:, ,
<br /> , r: � � the ProPerty.upan Lenders request Borrower sAaY prompty fumisb to Lender�ecepla euldenchg these paymer►t9. .
<br /> ' � tt BoROwer faBS to make thess payments or the payrt�ents B�lred by Para�aph 2,or taus to peAO:m any other covenants �. � '
<br /> ` -' � ��-� � and a�ert�enta contahed In th(s Securfty Insburnent�or thecs ts a t9pal proceed�p Nat mey signi�Cantry aftect Lenders rights in I �
<br />- �. . ' .. � the Prope�ty(such as s procaeQnp In benkruptcy,(or conderraiat(an ar to enb�ce laws or regutatbns),then Lender may do end � �
<br /> , _ . pay wnatev�Is necessary to protec!the va1�a ot the Proparty an0 Lendefs�tghts in the Property, hcWdinp payment of mxes. ; . �. '
<br /> hamrd insuronce�nd Oth6r Rem�montbned In Patapraph 2. ;
<br /> . My amounte dtshursed by I.enCu undpr tAb PartQrapA shtY become an addtbnal deb!of Borroxrer and 6e secured by � �
<br /> :. • :.>.• . . . thb Sawfiy InstrumanR Thes�u�unb ahaL bear inteisst trom tAe dtte of dfsburse�nenL at the Nat�rate.artd al the oA�n ot �. '. .
<br /> �. : _ �.ande..snae t.rr�nea�aeey du•eno p.yaoy. . .
<br /> �� ' 7. ConQemnatton.Tha proceeds of u►y award or c(dm for damapes.direct or consequenital,h connection w@b any (
<br /> . . . � •� conQermatian or otha takinp of any part of ths Propertyr, or for comhy�na tn ptoc�of eandemnation,are hereby assipned end I �
<br /> s��ll �e patd to LanQor to tti9 e�Gent of ths !U� tmount of the i�deEfednesa that remeina unpaid under the Note end thfs i
<br /> ' . .�� Saoun"ty InstrumenL tend�sha0 appy euCfi praceed�to ths redu�tton of ths hQebteQnesa urtdEx thg Notg en0 thi� Secuf4y �
<br /> tnsWment� hat to any Oatisquent amount�eyp0e0 b tho order pravided b Pera�epb 3,end then to prapaym�t of pnc�ipat
<br /> .,� � ,� . �� My app6catton o!the praceeds to the�rinctpal ahs9 not extertd or post�on�the Que dat�ot the monthy payments.wtiich are , :
<br /> refertad to in Parapraph�or chsnpa the nmounl 01 sucA payments.My excess praeeeQs over an amount wquired to pay a8
<br /> �' � outstandinp hdebtediosa under the Note 8nd this Securdy InsCurt�ant shaB ho�atd to tho entBy fegaRy antittod tAerolo. � '
<br /> � . � 8.FQ!!Len6er may coBect tees end charpes etMortt�by th9 SeCtef�ry. � ' �
<br /> �' � _.__ � 9.Grounds tar Acceleretion of Debt � � � � �
<br /> ,. .. . . �
<br /> - (a)DetaWL r endar may, e�eAt es I1nSed by reput4ttons bsued by the 6ecretvy in the case of payment dataugs. � �
<br /> . requYe tmme9iata payment b tuH of e0 sums secured by this SecuYdy Instrument� - . , .
<br /> .� � ' ' . (�Borrow�defaulte by fai�g to pay b w➢eny mont�y payment require0 Gy thb Secufity Insuument prior to or on � �
<br /> -• - ... - . . the dua date ot the n�monlhN Oaymen�o► ,
<br /> � � ((�Borrowar defauds by taIDnD.tor a peAod o!thriy Qays,to pe►torm eny other obttgatbns contained H this Sacurity
<br /> : Insbument
<br /> • (b)Sele Without Credit Approval.Lerldet SttB(�B p�m$ted by epD����d wfth the pdor epprovN ot tho
<br /> " . '� • Secrotary,requMe Immediate paymeM in tull o!aU the cums securad by thls Security tnsVUment U: _
<br /> ,_ -.,_. ----�--- Fsaraukc;�+ta+r v�.nars -�- �
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<br /> . so • . •
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