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_ ����� ' _ � . . ' . .` • . ._ . : . . •
<br /> -- -= _ --- . , . � . � ,
<br /> _-_�= . � � . � , . . ' . . a,����'�1:.���. � •
<br />-__,-1;�::�:� . . . --
<br /> _ � • I. Paymr�nt oi P�ac�g�i.�at�eSt aad Lnfe,��. �orrower st►�ll P�Y Whcn due tt�principal.iaf.and int��e�on. , .. . __
<br /> - - --- the debt evid�nced ficy dre Nv�aa�L•ue�y�arges due unde:t�a I�ot�. - ' - � - . °
<br />_--___=�:;:-:�; • � � P/Poni�Y3'[�3�enLs af Tusesi�a��rause smd tbtBer C�e�. Barruwes shall inctude in eacf�monthlY�a,Yme��.
<br />- - -- �"`�'-1 . � tngaher�vitP�the principal and 'mtemsi as set forth in t�he Note and any L�te charges.un ins�ltsa�nt of apY ta)raxes an� . -
<br /> -- -- -__ • spe�a}assessmeats�vied or to be Ievied�agmtist the P�peny,(b)IcasehoId gay�ts or g�uad reats oA tfcc E°rag„rty.:ind,
<br /> _ � fc1 Prmiums far i.nsuxa�ce reguired 6y Paragraph 4.
<br /> — �� Pach enonthty'installmsnt fos iteans (a), Nj and tr) shall e4ua1 one-ta�eIfth af the annual smount�,as te�o� -
<br /> ,a==�-TS estim3ied by Lender,plus�n&�itount sufftcient W mai�n an addiGOttal balanre of not tl�cx►han o�te-sixth of t12e fs� -
<br /> - -;�.� --
<br /> -- . �mounts, The fu�I arinual amonnt for eash irem sha11 be'accumutaied by Leader wishin a period ending one r�nnth before an
<br /> ��s�T item would bocome deliaqaenL Lender shall hold the amounts wAecxed in wst to p�y uems(a),(b)and.(c1 be�ore thq+ ��
<br /> ��_,�-�w� . becamf��e the toral of the Qayments hsld by lxader far items fa),fb)and tc}�mgetne��vit#�.t�. f�ture moadslY _
<br />;-4���_�:� paymznts for sucb items paYabte w Lender prFor to the due dates of such itgms.exceeds,by more than one-sixth the�ted _
<br />-=:�-:��y amo�t of pay�rc required to pay sucii items ivhen.du� and if payments on �he Nate are cusrent, then Lender =-
<br /> � � saali euher re uf nd�ti��eaoes�over anz�ixth of the esemated payments or crecLt the excess over one-sixth of tite estimated _
<br />==:�irl�°�i_�� -
<br /> °'°"�'��: pai�tents w sabseq¢eat.Qaymzats by Borrower,at she op�ion of Bosrow�.�.if.the total of the paymeuts made by Horroiver: �
<br /> "�`�''�,�:� for itcm.ta).{bj.or tc)is r�'�:�ie�t,w,pay�te ite3n.whea due.then Borr.cmer shult P�Sr.to Lend�r anp mnonnt aecessar�t,to -
<br /> �,���,� ... . --
<br /> �rv��, . make ap the d�ci.acY oa•3;��foce th$d��.'l�la 1tQiI1 bYCOAl�S d1T�. . � _-
<br /> = :•• As used i�t'r�s�Srs�..-�t��mpn:.�"��tary"meana ihe S�i?of�aASi��cmd.�`J�ra�n.��ia�atant��!�#s�r J�'s . ,,,�-
<br /> ��, .' dssignee. Ir►z.g�;���aYV�ua'��che�-��r.;�stpay,amorigage;nc�,.�nnQ�r;.°"-.„,ii:�r�¢�,��,�"�l�ti�r.�cr:anyyeaz�.in�r��z ':• � Y._;:--
<br /> _°;F,�s s.�fg;�nium asa�i:�.-:�e��ti►'�e',s�r�3.f��3t�t.endca sNl hetd the Sec�y 3nsnv��^atii�¢�'mank'ti�1,p pYm�nt st�,f at-,� -
<br /> z3t
<br /> _ :-_:iz;::,�s�� inc3uds�.eitt�P,s .a rs�.ipstaF�r�'xof th�anau�.mort�age insurance premium to 6e paidtiy Lendes tq�tha.Sec[etary,ur(u�a
<br /> �� �raAthty c62rge aastead of a mortgage insurance premiarn if this Secu:ity Tnswment is heId�by the Secretary. �ach manthlY ,
<br /> �. ��•f �msnt of the mortgage insmance premium shall be ia an amount sufficietlt w accumutate the full sinnuol mortgage
<br /> `,� cc m
<br /> c;�:.�:�:..• insurance pnmiuh� with I.ender one month prior to tlte date the full aiu�ual tnortgage insurance premium is due to tlie , -
<br /> --'�`'� Seeretary. as if tius Security Iastrmacni "s held b�r the Secretary.eaeh mnntfity charge shall be in an amount equal to
<br /> s`"��'' - one-twelfth of one-haIt'percent of the outstanding pnncipal balance due on the Nnte.
<br />�''����.`r'�`�"= If BorroweT tende�s to Lender tii�full payrttent of nll sum.s securcd by this Seruriry Instrumcn4 Borrower',accAUnt _.
<br /> : :���,, . sha11 be credite�with the balance remaining for a1! instalIments fat items ta). (b? and (c)and any mortgnse insurance
<br /> psemium installment tf�at I.ender h�s not become obfigated to pay ta thc SecreWry.and L�ender shali promptty refund arry
<br /> °--° �- ' �� excess funds ro Borrower. Immsdiatcly prior ta a Corectosum sa�c aF�he Property or it5 acquisition by Lender.Bocra�ver'R
<br /> -} Z, _� arco�nt sha116e cceciitec!witA any balance remmning for all installmenty for itemc(a),!b)onA(c}. � . t
<br /> �,. 3. Appltcatton of Poyments. RIt paymcn�ti undcr Par��raphs 1 and 2 ahali bc applicd by t�cndcr uc toftow�:,
<br /> - _�, �RSI to�he mo�iguge insuranc�premium to be paid 6y L.cnder to the Sct�rcuuy or to th�manthly cft�rge.by
<br /> the Secretary in�tead ot thc monthly man�age insurancc prcmium:
<br /> ' - ' S;ECOND. to any ta.��. tipecia1 a�.scuments. Icaschold paymcnc�:or graund rents,and fisc, tlood and other
<br /> � ��'-`�� haTard insurance premiums,as reqaired: .
<br /> � . �r� `. � �� TI�LIRD•to intere.st due undcr the Note: ;
<br /> � � • UR to amorti�ation of the principal of the Nau: •
<br /> . • F�,to late charg�s due under the Note. •
<br /> � � 4. Fie�F4aad and Other Ha�atd Insuaastce. Baaower shall insum all improvcments on the Property.whether now _ .
<br /> � '���� � ,•.; ' in existence or subsequendy erected, against any hazards, easual6es.and contingencies. inctuding fire.for whtcb Lender
<br /> :=��+%�:.y: �-.-'�:..
<br />_��;,..,;.,..., requires insuranc:e. 'il�is insurance shall be maintamed in the amounts and for the periods that L.cnder re�uQes. orr�wer
<br /> :,.�;.,_: .�.: :: shall also insure aU improvementc on the Praperty.whether now in exi.stencc or subsequenfly erected.against loss by t�oads
<br /> ,�;:�.�,. ;;:-.;-- �:y to the extent required by the Secretary. All insurance shall be carried with companies approved b}�Lender. 'Che insurance
<br /> �,_�,;. �...; : policies ansl any renewaLs shali be held by Lender and sball include loss payable cluuse�in favor of,and in a form acceptable
<br /> : � to,Lender..
<br /> •�Y;tr';.;,;;- .. In ths e��ent af tass,Barrower shall give l.ender immediate notice by mail. Len�.::may maice praof of toss if not made
<br /> �� prompt{y by B�rrower. Each insurance ce,:.��azny conce�►ed is hc-�by z�^_�orized and directed to r�e payment for such loss
<br /> ''�;°'; , ,:� �` � duectl to Lertder,instead of to Ba�'►nv��er��to I.en�er jair.:ty. All er�y part of the insurancc�'n��s maY.pe applied by
<br /> �P}�'r� � F.ende!at its aption.either c.a:,:a the reduction of tI;e'�'�tedness under the Note and this SeMSr���Instnsmen5.�'ust eo any
<br /> ...��;1�J: �r•�. ' ' � C.
<br />- •,�;.�.. � uelinquent amounts applie�?u�?=!eorder in Paragraph 3,�ahen to prepayment of pr�ZCCipal.or(b)to fhe reatorz�et�or repair
<br />-x'�'�'�'°`'` '�� {� �the dama ed ro �i,:� lication of the roceeds to the princ�pal shall Ra,�c�.end or ponpone the due date of the
<br /> - �;E�r,����::f �:. 8 P P�Y• - ��PP P
<br /> - - ' ' monthly paymenu which�t;seferred to in Paragraph 2,or ch�nge th� amount e��ch paymc�:s. Any excess insurance
<br /> � �Y ' 'r� - proceeds over an amount reqaired to pay alt outstanding mdebtedness under the Note und th�s Security Insuument shall be
<br /> _:,. `' ..� .�� ' paid to the enqty legally entided thereto. .
<br /> -��,�i:f{�!i''•:�:•� ;: : In the cvent of forecYa�ue of this•Sccurity inswmeni or other uansfer of ti�:n the Properry that cxtingoishes ihe
<br />��•.�,F,;_��;f• . � indebtedness,all right,tiQe an��iaterest of Borrower in and to insurance policIes in fv:ur shall pass to the purcha5er.
<br /> ;:;;:~'u,'�� • �,�•� 5_ p���cy, P��SS�'atIon, Maintenance a�d Protectloa of the Prc�# Borrower's Loan Appl�catfon;
<br /> ='''���''° �`� � l.easehoIds. Borrowet shall oecupy.establish.and use the Property a�:BoRawer's prrcpal resid,:e�e within s'vcty days tifter .
<br /> _" N.,.:.� . .
<br /> ��*;�"�%�:;`i;•;; .. '��� the execution of this Securiry Instrument and shall continue to occ�.�;;G�e Property�s Borrow�rr�u.�nncipal residence for ut .
<br /> �;'��.' ; • least one ycar after the date of occupancy.unles.s the 5ecretary dc_3-:::'snes this requirement wi 4 cause undue hardship for
<br /> :�:,'t�';:s. � Borrower.or unless extenuU%ng circumstances exist wt�����are beyond Borrower's.rr.atrol. Bonower shall aot.fy II.enders of
<br />?=���K��::• . .' • � any extcnuating circum�tar.o�s. Borrower shall not ce:r�r=t waste or desuoy.dam���or subsuuttially chan;e uL�,C'�^operty or
<br /> "-°L=:�':''.;:�`;� atiow the Pcopeity to dcteriomte, rq.sonable wear an�:ear ezcepted. Lender m6y inspect the Propercy if t;��Property is • �
<br /> -_ ��.� .r�;�-%� . vacant or abaudoned or the(oan is in defaul� Lender may take reasonable acuon to pratect and�-sserve such vacant ot �
<br /> abandoned Propertyr. Borrawer shall also be in default if Bonower.during the loan application preus.�s.gave materially f�lse
<br /> °r.-`•''��'� '�'F or inaccuiate information or statements to Lender(or failed to provi;e Lender with any matcsiat c:ormadon)in connection
<br /> �-�::�;:{'.�::. ,.
<br /> °�_?:-�...••,,�,=::-: with the loan evidenced b�the Note:including.but noi limited to,repr�entmions concemin $orrdwer's occupancy.of the
<br /> •.��,.,�, .
<br /> -tr�`�,�;::�. � P�praperty as a principal residence. If this Secunty lnswment is on a leasehold.Borrowex shal comply.with the provtsions of
<br /> - - r�y "' Y1E'r lease. lf Borrower acquires fee title to the Property.the leasehold and fee tiUe shall not be merged untess I:ender agrees to
<br /> �"`�':�:-`: ',a'� them erinwritin =
<br /> ���" �'-'- `� 6 Charges to Borrower end ProtecHon ot Lender's Rights in the Property. Borrowcr shall pay all govemmental
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