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<br /> ..�,a , _ �'`'�'` �__'-_.�, . _.}-- ' �� . _ . _ .L�� . - ---.�,
<br /> S ' ' $Ili .�-�s.""°'''�.a ai�.Y_..c1.�o�r]�`3.�3t�t —_
<br /> - ---- -- 'zk�._ _ '3ie.�e-.� _ ----
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<br /> _ R � -.�-T_..�.�_�._.�—
<br /> _.,_..___ ..,.. _:-•-_ — � �' _ -° -� .
<br /> Y - .�= _�"�n"�- - --
<br /> � �95= �
<br /> ` • • t ag i�a:aet tn��#��I.s^«C�.� $orrower sTra31 pay u@e�due the pri�p�aI o��terest oa. . . --°� --
<br /> L P���a Px1: ,
<br /> �tlla d�ht ev�deac�d by ths Nnf�ana late c6at�es dus uatd�er the Nnie: • • - - -- . . � _.-- � . .. -_-- -
<br /> 2.;MamtdilY 1�?Y�a3s af'ibs�,ta�ureace flad Oiher Cli�r�es. Bmrower shall inrluda in each raonthly'p�yme�� ---
<br /> � togetltes atith the gnncipal and inGesest os se�fortb in the Nate a�d uny iate charges.vn instaliment of aay (n)l�xrs artd .-----� -
<br /> ��a�c.s�e�,s te�ried os to be tevied agains�the Ptoperty.(bl 2easehold payments w,gound rents an th�Prop�rty�au� _
<br /> � l'�1 Fmmiums for insarance required hY PuagraPh 4. < , . . . -___ - -
<br /> Each month3y #nstallment far items(a).(b)ersd(c?sh�!e9va1 one-tweifth of the itmijai mnounts.��c ruasanably =_�=-__- _---
<br /> estimated by"Lender,plus aa amount sufficient to maiatain an ���,ttonal bala�ece of not mo�thatt Qae-s3�cth of tit� �=-�--�-v
<br /> • es6m�ed emmmts. '11ie fu:!annual amntmt f�r eac�item sh�l!be�-accumulat�by Lender within a periai c�ding one • --__-
<br /> month before an item woutd becoiue deiin eat. 1.ender shall ho?d the amaunts wllected in tn�st to ay items(a).(b)and �'�'_`:_"�'`= -
<br /> qu P . , �r:z�:u:r:.,------
<br /> icl before they hecome deimguent. .�_
<br /> 1f at aay t�me the total of the gayments held by Lender for items(a).(bl and(c),together with ttee faqtte m�nthly ���.� _ ___
<br /> payments for snch i�payable to Lender psiar co she due dates of such items.exceeds by mose than one-siAth t�e f�_•r��»_�,=.__--
<br />- est�ated amount of payments required to pay such items.when das.and if paymenu on the Nate ac�canen�then Lender - --_--_ -
<br /> � �hall either refimd the exoess over one-sixth of the estimated payments or credit the excess over oae-sixth of the estimated _��=�-_=��---
<br /> paym�ts to subseqBeni paymenis by Bomuwer,at the option of Bucmwer. If the tatal of the paymears made by Borrower r��_��__�_�_____
<br /> for,item(u),(b),a'r(c)is msaffccient to pay the item when dae.then Borrower shall pay to Lender any amouai nec�ssaty to =- _ _--_--- ---
<br /> • muke ap the deficieacy an ar hefaie the date the itan becomes due- --------
<br /> ' As used in th'ss Se�nrity Instrument,"Secrerary"means the Secc+etary of Housing and Urbaa Develogment ur bis or her --_-
<br /> ' � desigaee. In any year in which the LeRder must pay a mortgage insnrance piemium w the Secretaiy,each montht}�PaYmeat --_-=�..:-_
<br />• shall also,i�clusle either. (i)an.i�iment of th$ annual mort$age inswance pr�miwm to be paid by Lcader to the . -_-_- . -
<br /> �' Sec�r,or Cri)a manthly charge iastead of a mortgage insurance premiwn if this Secimty tnsaument is hetd by ttte E.s_�..z.
<br /> Secietary. Fash montltIy instaWnent of the mortgage�cc p�mii�cn sd�all be'sn an ausnunt suf&cient to accumalate tke =--
<br /> full`annual mortg�ge insurance p�ni�n with Lender one marcth prior to tite date the fuU annual mottgage in�.,.ancP ;_:°=--
<br /> pieminrn is_dae ta the Sectetary;or if dris Secuaty Instrument is held iry the Ser�etacyr.each tno�ttily cStarge shall 6e ia an �'.�_.-=' ----
<br /> amouui equal tn one•se:elF.h of oae-�atf peccent of�"-��!"sng p�inciPal ba3aace due on tha.Ainte. , `:.�_-_____.
<br /> if Harmwer tenders w Lender.site fall paymerit'of all sums secumd by this Security Insuumeut.Bortovrer�account �-:--.-.��._4__�.--�--�:-,
<br /> shall be credited witf�tIte 6alance remzinitsg for alE mstallmeais for items(a).(1�)and tc)and a»y mot[gage�ce . _'`—_
<br /> ' �tp�y inctallment�hai Lender hes nox becOme a6tligated to pa}t to the Senet3ry:a�Id I.eeder shal}prom�tiy.iefund any __��
<br /> . excess funds to Bomnwer. Immediatsly prior tn a fareclostue sate of the Pcoperty or its acaquisition by I.endet.Borrower�s ��'�;--�
<br /> . acconnt sha11 be credite�d w-itb any ba2arce.rt""...�.^.�ng forall insrtaiIments for itzms(a).(b)aicd(c)• `i=_---
<br />: 3 Apaticaf2nn of PdymenLS. t�i!payn►ents un d er P a r a g r a p h s 1 an d 2 s h a ll b e app li e d by L e n d e r a s f o ll a w s:
<br /> �. � � �to ehe cuostgage m���psemium to 6e pazd by i.er�der w the Seeretary or to the manthly chazge by the ��-�-_�
<br /> Sec�tary instead of the monL'ily mortgage insuranoe premival;
<br /> � • ,S,�OND,to any taxes,spQcial assessments,leasehold payments or g�oaccl.reats.and fire,fload and other hazard .°'A
<br /> . insivance pre�naums,as re9'uire� :+� . �
<br /> TNfRD•w intenest dua under the�'ote:
<br /> �OIJRTH.to�tartizsition of the priacipal of the Note;
<br />- �,,�to lat�charges dae under t��[ofe. •
<br />- ' 4. [Tt'�,F[ood and Othes Ra�.rd�snrano� �orrower sliall insure all impmvements on the Ftopercy.whether«o�v �
<br /> � in existence or subs�quendy ereeted,against airy ha�srds.casualdes,and conti�encies,includipg fire.for whieh Leader ` •
<br /> . ; tequlres insuranc� '[liis imsuraace shatl6e maintai�f in the amounts and far the periods that Lender reqai�es. �orrower ?•' � .
<br />- shall atso ins�ue all impravements on the Property,whether now in existence or subsec�uendy eiecied,against tass by ftoads , " . .
<br />_ to the exteat requir�d by the Se.cretary. All ensurance shall be cazr.ed with companies appmved by Lender. 'i'he u�suianc�„ �•��• . ,".
<br />- policies and any renewals shall be heid by Lender and shall iaclude loss payab2e clauses in favor of,and in a fom►., , -, ;.�.
<br />-; acceptable t0.p.ender. ,: _�, , ..�
<br /> In the evem of loss.Bomnwer shall give Lender immediate notice by mail. Lender may malce proof of loss if not •"�; __��
<br /> '��`:r.=t=�' - �
<br />= made p mmpdy by Borrower. Fach insivance company concemed is hereby authorized and directed to make payment for �,..�.,,,.,� �.� _
<br /> suchlass duectly W Lender.instead of to Bo�rower and to L e n d er join dy. A l l or any paR o f t he inswance p r o c e e d s m a y b e ;;{����!�:. �l�.��,�
<br /> ,, ,.:-
<br /> � apglied by Lender,as its opdon.either(a)to the redacuon of the iadebtedness under the Note and this Sercurity Instniment, . . ,sx�== _
<br /> first to any delinqaent amouats applied in the order in Paragr�h 3.aud then to piepaytnent of principal.or(b)to t h e.. •,�•�f ' �`��ri-�-��•
<br /> ,,�; ... ..�
<br /> iestoratian or repair of the datttaged pro{xnY. Any application of tfi.e praceeds to the principal shall not extend or postpona. ��•`��' '�.' d; �.�-
<br /> ��, -
<br /> ihe due date of the manttily paymer�wfiich are referted to in Paragraph 2.or change the amount of such payments. Any. �.t•��==''�4-'�'_�'�+��._
<br />_ eacesg insurance procee�f:�over an amount requir�to pay all outstandmg ind�biedness under the Note and this SecutitY ;f}��':<' ._4�'`°`'_��:
<br />- .Iasuament shall be paid t�t�:e ensity legally entitled ti�ereto. {�•i�:.���:_.,�. ,
<br />- " In the event of fordosure of this Security lnstnunent or c:F_er trans.'er���:le to the Yroperry thai er.L4aguishe�the � � �"r.
<br /> _ indebiedness.all righi.Gtte and inter�t of Bomnwer in and to in�urance policies in force shall pass to the�[v�ser. '
<br />_ �5. Oocapaacy. Presesvat�cta.1MsdntenaAr,e and Pnutectiaa ot the 1Property, �a�as�er's l,�sam Appfleat�co, .' ' •, F� '.
<br />- [,ease6olds. Sorrower shall occu;,y,establish.2nd use the Prapetiy as Barracver's princir�:,.l.r�idence.ai�tin suty days '�.:. . .�.�'�'.,
<br />= after the execution oE�titia Secariry instrument and sitall continue to occup�the Ftaperty as Borrower's grin�i�al residence • .
<br />= for at Ieast one year afR��:i�s date of oceupancy,untess the Secretary dei�mzcrt�tius requuement will cause s_ndue hazdshiQ ,llY;�:. "� � �``.
<br /> s�n %'� �
<br /> for Bflrsavwer.or un'_ess exteouatir:g circuiristances exist which�re beyond Borrower�s control. Borrower shall notify �'''• � , , .
<br /> a
<br /> Lendet�:af any exteauating cis�cumsicucces. Borrower sAall not cnmmit waste or destroy.damage or substantially chan�p • .. _;;�;,�� •
<br /> - the Pro�scy or aIlow the Fiopefty to deteriorate.reasonabie cvear artd tear excepted. Lender may inspect the Pruyerty�f ti�,e � ::;��,,;• :-
<br /> Pruperty is vacant or uitandoned or the loan is in def�ul� Lender may take reasonabte action to protect and preserve such '� � • '''�•�;
<br /> vacant or abandorted Praperty. Borrower shall�tso be in default if Brnrower.during the ioan applicntio�pracess,gave .,, ,
<br /> materially false m innccurate infoimation or statements to Lender (or faited to provide Lender witlx any matenal ����
<br /> infam�ation)in cunaection with the loan evidencer!by the Note,including,but not limited to,ccpresentanv�rs conceming ..:�: ,
<br /> - Borrower�s occupancy of the Praperty as a principal residence. If this Secuiity Inswment is on a leasehold.Borrower shal! �� • •�.�.• �
<br /> coaipJy with the pmv�ssons of the leare. if Eomower acquues fee tide to the Propeny,the[easeho2d and fee title shall n�r. � f�•",,.,� _;'.��;ri:?,,. •
<br /> be mergetl unless Lender agrees to the merger in writing. +;� � � `!��' :
<br /> or muniClp���o Rofines and impos�9tions th�t are noa inclu�de�d 1aiParagraph�4 Bmmwer s6 p ypa�obl gatl'on9enon , �?��I;,�,�:�� . .
<br /> time directly to thoentiry which is o�red the payment If failure to pay enuid adversely uffect Lender's interest in the. .
<br /> � Pmpetty.upon LestderSs request Brnmwer shall promptly fumish to l.ender�eceipts evidencurg tizese payments. � • : ::��,: � ,
<br /> I�$aaower faiLs to make these payments or the paymen�s required by Paragraph 2,ar fail�to perform any otP:� , � �.;`� �
<br /> .;.f_: ,
<br /> covenants aad agt�eemenm contained in this Security Instrument,ar thece is a Iegnl praceeding that may.slguiflcandy affaCt � d�-;: '.. ,
<br /> LenderTa rigf►ts in the Propeny(such as a proce.eding in bantnuprcy.for condemaatlan or to enfoiee laws cr regulations), ��
<br />
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