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�'41.. I ��`.�,-i .. . � , N.:...a�.. :... .:.r.. . � • :'�,��,•{a�:s $a -c^�-- .iz.�•�� — — — ...
<br /> �� f��3��'� 'a_ °,+�}r�2• Y^. '�:5�". :3 c��;. �ta:�' :'S3i� ?� -� �r r- .� _ - _ .
<br /> - — =���_•�� •SS�-` '���� �s,7ayr:5t�i C�- _
<br /> ��-°s.° e""°' - - - -
<br /> . ` . c -
<br /> �€R�R�� �5 �
<br /> � . . ;���- ���t.�7t�� � _ ����'�': �� ` � _-- -== - ---
<br /> � t. Qiaymeat uE Pgtnsl�4,int�icsi ent�Lutte�� Baanwer shall pay wbein d�the priucigat a�aa�i ia:erest o� � _ __�
<br /> _. . one c�bi e�i$e�tce:!by t�e Nc��And late�hug�c�te r�tx�..^r tuz Aiote. , ,, . . . -----
<br /> nis of�e9,Y�osusance aad Ot�€r i:Qar� Bos�n�lec sha�t ir�s�ude u�essh�ttlilp gaycnc�� . � —
<br /> � RiQntqily.i�Y� cnd inter+est;as s�s fc+1d�in t�e NotE aitd uny Ic�te charges,an inst�llment of any ta)ts�xe3�.
<br /> • to�cr with tA¢pnttc�RaY ------=_
<br /> .��ne�s.c�nents levied ai v.o be tevT�ad againct the Progerty.(b)leasehotd pay�nts or gmnnd rents vn ths Pmpenry.and --
<br /> �(c}pnau�uns far insurance iequued t�y�a�'�p�4. __
<br /> �ch mc�nthly instaIIImeut far'stems(a).tb)end Qc)st�alt eciu�l ane-mrelfth ef the aaaual amounts,as re3snnably --_- - _
<br /> m nth �
<br /> estimated by i�ead�r. pIvs an aiaaunt s�cient ta mai�taia an addit�'bnat 6atance of nat more d� �e-sixt�of th°. , `;`,:,=_---�---------�.
<br /> e�mated amounts. "ilie fall armual umouni for eash item shall he accumulated 6y i.eudes�vit�dn c►period eacling axe ==_--- _ ---
<br /> m.os�t�S�efase 4n item•cvould�cairte de�inqaent. Lender sitall hold the am�unts col�ected��n.m�st W p3y iteaas(up,(b)aad �p�",�..-= -
<br /> � ca���:-.��a��. . �,g�,��.�..-
<br /> If�ttL•�n�mae'the satal af tfie paytaenu held by L.eader for items(a),(b)and{c),�20� •�vitb�t��,futtQe�oni�ly �f�''��_�.=
<br /> Pay�ents far such�tems Ptxyable to Lendes yrior to the du�u"ares`of such items,exoeeds�b�jr.more.ttran:one�sixtft,d� t�.,�.�_�,.ca�..:c.�- -:
<br /> esnmat�l amotnt�of paym�nu�qaired w� pay sach atetns�evhen due,anct if payoteats on the Nate are caaen€.the:a Lender E-y����„-��__
<br /> shall eitttes refund the eACxss over o�e-siuh of the estirnated paymeat's or acetht dte escess over ane-sixt�rof,t1�e�stitt�i¢d, �F�_-__`
<br /> paytneats tn snbfeq�ent pagrmercts isy Bormwe�,at the option af Somower. If the total of the gaymtnts ma�es�i�n �� �l=
<br /> fnr item(3)�(b),or(c?�s insuffcient to pay the i�whea due.dten 8orrower sBali Qay ro F.asder any amnu���ssary t� _ _
<br /> rnake up the defccic�tcy on arbefote tfae date the item becomes due. :�r��_� -_.
<br /> ca
<br /> . As r�d in this Seiauity Insuument,"S�cetary"means the Secr�y of Kausing and Urban Developme►tS�h'P�Y�=� `
<br /> designee. In aay year in wtu't�the Lendamust Qay a�aortga�e insivance y�mium w the Seczerary.each ���;�,��:.v._:_:�:v=__
<br /> str�ll also include ept�r: fi) an instatlmem mf th�aanual mortgage insusauca premtdm to be patd b;Y d:�ndea'to the : -- _--_ --
<br /> t
<br /> S�,ar(i�)a mondily ctiar�e i�d of a mongage ins�uance p�remium if dvs 5ecanty tnstramenc is hat�iby.� ---
<br /> S�. Fach m�thly ia�ttmeat of the mortgage ins�aitce premi�n shall 6e in an�auut suificient w ar � �6A� �r�-�v-__""
<br /> fnll aanua!m insurdnce�um with I.ender one rm��pnoT to the date the f�IL�hual mortgage in�;, „�------
<br /> �� �6ei��ie• �',_:.-------
<br /> � preminni is due to the Seaetary:or.if dvsS�r�Inctr+nnent is held iry the Secretary.each ermnthlY cf� �__=_ _�..__
<br /> .� amo��t e�ea!tv ane-twelf�c of an�-fiaif percent of the anlstan�ng principal bataace due on the Noie. _�.T,�.._.�-__
<br />° If B�mnwer te�d�s tb Leader the full gaYmea�t of sU sams seattr.d bY�is Security Instcument.F�g-axr's aa�zmt �;Q.��::,-__=v
<br /> shall be cmdiocd with ttre bai��8 for a!I wstaUments for items Qe4,(b)a►d (c)and anY mortSage in-�� ��^. " ="�"`--
<br /> ��:nrnanrt,enc that�has Qot become obligated to pay to the Sec�azY.acd LeQder sball promFciY refund az►y ,.u-.t::,�;--_----
<br /> excesg fimds to Boaower_ ���FS"'YY Pnos w a foreclosme sale of the P�npeny or its nu�iaon by Lender.Eonower�s ���
<br /> accaunt shall be cceditr�with any�alance remaining for all instaliments for�te�s(a),(b)��c). � �„��
<br /> . 3, qppl�n uQ�fs. AU payments uuder Paragraphs 1 atcd 2�be applied hy Lender as follows: .
<br /> gR,�,to the mo�ge iasutance p�nium to be pa�d by Let�der to'the��Y or to the monttily ct�arge by the �,��
<br /> Secretary instead of afie tnottthIy a:ortgag�uisuxa►ece pnemi.um: ..:.:.
<br />- . SECOND.to any taxes.sg�ciat asseuments.Ieasedold payments or groand rents,and fue.flood aad othes hazard •.s'
<br /> . �D�p� dae ua�Note: y�"��;. .
<br />._ i�,to intetesc -._ -
<br /> �OUR'[H,w azrt '��noa of ttie Qrinccpa!af t3�e Nat� ..•< � • 'x.x^- �
<br /> �i^,4o tate�due under the Note. '�-'''
<br />� 4. FIr�Ftood v��ther HaaaTd lasmaaa� Bonssver shall insuce u1:L- ements on the Prap ,. ,�vhether now '�"::
<br /> t�prav, �r;��.:�_
<br />; ` in existeace or sz�bsequendy er�f,against any hazards.casnaldes.and caatmgenc�es.including fire,for atnch Let�.'es �;�• .• .
<br />- mquires insarance. This ins�uanee�ha116e maiMained in the amounu and for the periods that Lender requires. Borrovrer �.;�;;
<br />_ ' � sfiall a{so ms�ue all' vements orr fhe Pmperty.w�ether now in existence or subsequendy erected.egainst toss by ticcds ..,�:: .t�
<br />- �to the extent m�re��the Se�etary All insuransc shall be carried with cor_±panies appmved by l..ender. 'Ibe inswance ' : r 1
<br /> • ' pnticies and any��+als shall be held by Lender aa�d shaU iaclude tass�ya6le clwses in favor of,and in a fotm �� r�, ,��
<br /> acceptable to,Lender. _����,���y:
<br /> In ithe event of loss.Bomnwer shaU give I.ender immediate notice by mail. I..ender may make proof of tass if nni :
<br /> made�r�ptly by Bormwer. Fach ins�ua�cce company conoerr.ed is heceby authaiized and directed to make paymeat fJr s,:`�,-���-;
<br /> such ic.�n cC-rectly to Lender.instead of to Borrawer and to I.ender joindy. All or any pazt of the insuranoe proceeds may be �'�:° - fl i� ..
<br /> applied hy l,ender,at its option,either(a)to the reduction of the indebtedness under the Note and ihis Security L�sYrumeat, '.' � ' �.'�
<br /> C� :?„t,�l.
<br />- . fiist to�y delinqi:c�t amoimts apglied in the aFds.�r in Paragraph 3.and then to prepayment of pTinciptP,:or(b)to the �.,�,,� .-�, �, ,�
<br /> testaratitin ar repa�aEthe damaged ProP�,rtY. �y'�ppGcation of the proceeds to the pnne�pal shall not ext�ssd or poscpone '•• x:.:
<br />- the due date of the monthly payme�iu wtueh are referred to in Patagraph 2.ar change the amount of such payments. Acry . �.;i��"f .;.�,
<br />-- exoess�ns�snce proceeds over are.�mount required tv pay all oatstanduig�ndeDtedness ander the Not�and th�s Securiry -.��. .. .,
<br />- Instrament shaU be pa�d to the ent::y leg�lty entitled theneco. '�' ` : '°��..
<br /> In ihe event of foreclosure of this Secariry,insRUment or other transfer of ritle to Lr,�vperty that extinguishes the , �'�°r�'� ,';".r„�"��
<br /> = iadebtedness.all d�.titte and interest of Boaower in�d to insurance poficies in farce shaU pass to the pu�l�aser. . ;:`t�F �
<br />= S. Ocw aucl'9 Preserva@on, Maiatenance and Protec4ion of the Qroperty. Borrnwer's Lflan Applicatfon; .�:,"�y�i.s�:;��� .!���
<br /> i.e�sehotds. arm�er shall occupy.establish.and use t2�a Ptoperty as Bcero�ver�s rinci al�esidence witf�in s�aty days .r;�,;t�'R-�.,,�s :
<br />_ � P P ,sr�,,�•nJ�s,i �`� .
<br />= after the execution of ttris Secuairy Instniment and shall continue to occupy.the Property as Borrower's principal resid�nce ,;,,1;r;;�,.. * .
<br />= for at least one year after the date of accupancy.untess the Sesreuary detemunes this:equirement wiU cause undue 6a�'�isp � '';�`����;�, ..; �
<br /> = far Bo�wer,or unless extenuating cic�unistances exist.wiri++sic'are beyond Borrowers control. Bot�ower shall m��Fy ���::�r
<br />= l�deis of anv extenuating cireumstances. Bar.�u:r.shaii not wmrnit waste or drstr�y.damabe ar subst��tiaily'c'�ange
<br /> s
<br />- the Ptoperty ar allow the Property to deterioiate,�sonabte wear and tear eacepted. Lender may iaspeec iii�i?roperty if the .
<br /> [�imperty is vacant ar abaadoned pr the loan is iaF defaulG Le�►der may take reasonabte nction to pcotect and presen+e�ch ;�' .
<br /> vacant as abandoned Praperty. Borrower shall alsfl be in default if Borrower.during the loan appiication pmcess.�ave ,;;�,.,..
<br /> materiali�r false or inaccurate Inf4�ation or statements to Lender (or failed to prrr�i�e I.ender vinth eny mazenal • .'•��%��!='• , .
<br /> :;•.h�;.;:�
<br /> infonnauan)in corctiction with t(te toan evideuced by the Note,including.6nt not limit�.�d:to,representaaans canceming ,,,..;�;,,. . .
<br /> gorrowerk accupancy of the Property as a princi}�a.t resid�nce. If this Secunty Instrument is on a leasehold Borrower shali '. ...
<br />- c�mply witb ths pcur�sions of the lease. If Botcawet acquires fee tide to the Property.the leasehold and fee tiile shall not ; ,
<br /> = �be mer�ee3 unJess I:�nder a�nees to the merger in vr�6n8• .
<br />= 6. �tuar�es to Borro�ser and Prote�tion of LendQr's Ri�in tde Qropesty. Boirower shall pay al!govemmental ..,. „-
<br /> -= ar munic€pal chaiges.fines and imposi�ans that are aot inctuded in P�agaph 2. Borrower sliaU pay these obLgatfo�on ;{;s�;` .
<br /> time directly to the entity whicb is ocaed the paymeru. Df falGzse to pay wovld adverset�affect l.ender's interest.ia the '�;�r'.
<br />- pmpeccy,upan l.enderg iequest Borrower shall promptty fiunish to Lender r�elpts evidencmg these paymenvs. -
<br />_ If Botrower fails to matce these payma�3s or th�Qayments nequired by Paragraph 2.or fails ta Ferfotm any other
<br /> wvenants and agte�ments wntalned in this Security Wsuumen�or there is a�egul proceeding that may significumly affect ' V. .
<br /> I.�tsdet's rig,Ats in'the Fltoperty(such as a proceeding in 6ankncptcy.for cosdemnation or to enfolse laws or tegufattans). •
<br />= thr.n Lendet may do and pay��Jhatever is neoessazy to protect the value�f the Propercy and Lender's rights in the Property. ,
<br /> � inctuding payment of taxes,ha7ard insutance tutd other items mentioned in Pdragtaph 2
<br />��. Any nmounts disbursed by Leader und�r this Avagrapb sha116ecome an additianal debt of Borra«er su►d be secumd .
<br /> u
<br /> - by this 5ecutity lnstrument Thess amotmts shall bear in�r�st fmm the da:e of disbursemen�ut tdie I�ote rate.and at the ..
<br /> v opsIan of l.cmder.shzll be immediately due and�yable. . �. � � �•' ' �
<br /> �, Candema�tlan. 'Ihe proceeds of any owut0 or claim for daraages,di�ect or cansequenrial.in connectian�vittz any , •
<br /> s cortdemnatian or othet taking of sny part of the P�riperty.or for conveyuace in place of condemnation.are lltereby assigned .
<br /> � cand shn]l he paid to Lender to tke extent of the full amaunt of the indebte�ness that remains unpaid uader the Noie and th�s . �
<br /> 4II
<br />_� Srruri4y Iastiument. Lender s1�all apply such proceeQs to the reduction of the inQebtedness undet the Note and this Security .
<br /> :� Insunnten� fust to nny deiinquent uanmm� ayg3ied in rhe arccfer proviriECi in P�aga�h 3. ai�d dceu to Y;�No-yr�:.r.�a� '•� ' -:
<br /> -� � • � p�ipal, Any app&cation of the praceeds to the.principal shall not extend or poscpone the duc date of tlte monthly
<br /> - � � • �= .�_- _ =--
<br /> =� � . . " , ��o�e�of 4 pagerl . • .
<br /> � . --- -- ,- --—, ._–_______._._.___�___.._-, . --- ..
<br /> �....----.�-_ _----�–"--�
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