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<br /> A 1 LandtN may,et any 14�0, c�aci end ho,d emnurt� tor Encr�.� Itc��� h rn nQ�re�34o arnount nnt to c•r.c��d tho m?s�mum „ �_
<br /> ! nnlaur�t tha9 oisy be re�u;i�c!tor�oru�N�rb e�cro�r�account undcr tho Renl Eetafo fielt!cment Riocedures Ae4 of 1874, 12 U.B.C. ,a_
<br /> d ��09 ;]frnl Ci�� f:lir'.:;�t�;ii:t{� fC(U:":t!II;1D, 24 CFW Nc.ii 3JUll, c1� Ih��! Gt;y Lo c�ic�iiu�d �i37 t!::t�!o t!si?3;"F�E^`�A'�, r•.r.^;nl .
<br /> ' � lhat lho cuaii:�7 cr rc�avo p:;��::itcti by FiE�!'A for unr.ntic'p::t.^.d �;cburcc;a��ta ar d'cburocm:�ilo bctaro tho fior��•�a'a ,
<br /> ��°�•: Rayrr.�nta ai•o�vall�Cl�In tho�ccount mey not be 6soed on�mounte due for the mort�egA Inzurenco prcrr�lum. , ___
<br /> ° 4• � " � N th��mount� Hdd L-y 1���far Eea�a it�;�s sxcs:�the�imounia p�+��dY:ed to be h�d by f;E3:'A, Lcitd�r oh_:1 d�.J vdth ,
<br /> ��'�• � �` Ihe sxaa�Mnd���regufnd by R.EBPA.N th��mounte o}Nnd�hNd by LeMder ot �ny tkne ue not autflclent to p�y the Eecraw '� ° �
<br /> -.:.,-�, �
<br /> _._�;�;,�«s� Iteme whm duo, Lend�r rn�y noLHy tho Doaowc�r�nd require Borrowa to meko��p the ehartepe ar dMcicncy ae pdmlt:ed by ; "'
<br />-— T.'�'' RE3PA. �
<br />- --+.'iq':T,=�":-;-����` •_
<br /> .,,,_ .,•... TPie Eecrow Fund� aro pl�ed ae�dditlon�.�s�curtry tw sN auma eeaured by thla 3ocurfty Inatrument. II Borro►ver tondere
<br />--.,,,: �+ E�:,. ', � tv Lmd�►tit�fliM{�ym�nt oo�A such aur�is, �or�owW'o accounl �fi�!b�uc�iCt] tviiii 9ho b:.'Knca resn.'nlnp tor c:f Instc�:m.m „ `�
<br /> ,;:;;,.=;� '" ' � gpn� (y), (b1, �nd (o) �nd �ny maty�� Inour�na pr�m InttUim�►t th�t I.�ndor has not bec� obllpnt�d to p�y to th� . ., .. _
<br /> ��,*;.����• g�qrhuy,�nd Lmd�r�h�A prrxnptly retund�ny exc�ss Nnd�to 8ortowar.Irtxnedl�fety prior to a torecloauro eale o1 tha ProRerty �. -
<br /> _ or R�acqultNlon by Unda, Borrowa'��scount ah�N he cradited wflh�ny Dafence remalninp ic►r nH Inatelknenta for itema(e�,(b), �
<br />' . ,`���� lfld(0). , w
<br /> . .•r,. , � y 3. pppllC�tiOn O}Pay"m�llt�.AA paymenta under perapnphe 1 and 2 eh�N be�pplied by Lender aa tolfows:
<br /> . .� FI►d lo th�mortpape fnaunu►c� prert�ium to bn pa{d by Lender to the 6ecretary or to tha monthy chsrge by the Smcxet�ry
<br /> "��_�ti,�,'..:�,, ��y InatNd of thi monthy matp�ge Inaunnce promtum; ,
<br /> % f•+4{+` ��^�� 6�COnd, to any tucss, spsci�l niseaamante, IasMatd paymenta or qround rente, nnd Iko, Aood and other hazard
<br /> .•�;-.- ':'. } � inaurancb premlums,n tequlretl, "
<br /> :° ;F. '• � Thlr�d� to k�txaat dus unda ths Nate; ; "
<br /> ,, Faurtft� to�moAizeUon o1 the prNulpal o}the Note;
<br />.__� � r�.. �tfth� to kte chu�e�due undar the Nots.
<br /> ..��� `�„ ,,. _ . 4. Fir�� Ftood �nd atih�r H�zard Insurana�. Bnrrower shaM Inau�e eM Improvensente on the Property,whetne► , ' " •�'°z
<br /> ' �.� . }.
<br /> ; . new !n e�!eter�ce a e�bsecH�enty erxcted, egainat any hawda, canuntNes, �nd conUngendea, Including ftro, for which Lender
<br /> � raquiros Insunnce. This Insu►uice ehall be mak►Ulned In the�mounte end tor the perlods that Ler�de►roqukes. Borrowor shak ...
<br /> .���,: ' •• 'q: ' efao insun aM knprovernMite on the Prop�riy, whsiha now M existence o�subaequenty erected, ag�lnat losa by Ilooda to the , "
<br /> • aMent requlred by the Secretery. All Maurance ahaA be cnrtfed wKh companlea approved by Lender.The fnsurence poRdes and
<br /> a�y r�i�rcla�h;.�tre he!d by Lenckr end ehe9 Include laaa pay�ble cl�uas�k►tovor of.and In a fortn acceptablo to. Lender. � • -
<br /> �..-- - .- in tha evant ot bse, BOROWlt 611�I QIYO 6q100f UfNT1801tt9 IluuGtr uy uwu. i.ciw�i 7;j :'�.�0 n.w.f n1 In�� N nnf �� L =__ _--- -
<br /> , _,�Tt promptly by Borrowmr. Etch inauru�ce company concemed Is haeby authorized end dlrected to meke payment tor auch lose
<br /> ,l directy to Lender, {nate�d of to BoROwer and to Lendev Nlnty. AN a any paR ot the insurance proceeda may be eppNed by . ''`�7•
<br /> , ��,i . Lander, �t Ite option, either (o) ta the reduction o} the Indebtednesa undar the Note and ihis Securlty Inatrument, flrst to eny
<br /> ,• dPfinquent emounte appNM in the erder fn Pam�aph 3, s�d then to prcpayment oi pdnc(pal, or(b)to the reatoreUon or repek o1 •���
<br /> • " � the ci�meqed propetty, My npp»cntton of the proc�eds to the princ!pnl shaN not extond or poetpone t1e due data of the ( -. ' +wy "�r
<br /> E .
<br /> �'' monthly paymente wh�A are refetred to in Pera4raph 2, a ch�enge the amount ot such paymenta. Ac�y excesa inaurence �•�'�
<br /> 7.
<br /> � � proceeda over an amount requlred to pay eW outatsnding Indebt+fdness under the Note and this Securtty Inawment ahnY be pnld
<br /> to the enUtv leasllv entiHed thereto. I �t � .�
<br /> '. In the event of toredonure ot tt�b Security Instiument or other tnnsfer of tiUo to the Property that extingulshes the � `•� "�'
<br /> �
<br /> Indebtednese,eli dght,ttUe end int�est ot Borrowa In and to Inaurance pollclas In force shall pasa to tAe purchnscY. ` tF �
<br /> ',. ., � 5. Occupancy, Pns�rvatlon. M�Intsnanc� end Protection of tho Praperty; BorroHrer's Laan '
<br /> Appltcatlon; I.a�sohoids. Borrower ehaN occupy, estabNsh, and use the Property es Borrower'o princlpal residence wfthln , ' ' :+
<br /> " ., � sixry dayro eRer the execuUon ot thi� Secudry InsVument and shaN cominue to occupy the Property ao Bonower's prindpal "
<br /> resld�nc�fa at least one yerr after tho date oi occupancy, unlesa tho Se�xxetary dotertnlnea thie requlremunt wi{I causa undue � � � `�"�=.+
<br /> • h�rdship fa Barrower, or unlesa extonuating ckcumstances exlat whiah aro beyond Borrower'e conVol. Barrower shall noNfy ' �•�
<br /> � ••'; � , � Lendere of eny oxtenuaUnp ckcumatances. Borrowar ahell not commit waste or destroy, dnmage or substnntlaliy change the �'��4�""' _
<br /> Propaty or aAow the Property to dote�onde,raaeonnble weer end tenr exce�ted. Le+�der may Inapeot ihe Property M tho Property I a�
<br /> � ia vecant or ebandoned r,: the loan la In defauk. Lender mey tnke reaaonable eetlon to protect nnd preserve such vacant or
<br /> ' nbendonad Property. Borrower ahaN also be M defeuk ii Borrower, du8ng the loan uppltcallon process, gave matertaly(alse or � '
<br /> ` In�tccurata IntortnaUon or etatemente to Lender (or feiled to provide Lender with eny mateiial IntortnaUon) in connecUon wRh the I ' , �� �'����
<br /> • loan evidertced by ihe Note, Inciudk�g, but not Ilmited to, represontnUona conceming BaRawer's occupancy ot the PropeAy aa s � � •
<br />_ ' • principai rostdmce. I}thla Security Inakument la on e leeaehotd, Borrower ehaN compy wfth the provlsiona of the Isese. If I , --:
<br /> � - �' � Dorrower acqutrea tee title to the Proporty,the leaaehdd�nd tee NNe eha8 not be mergod unle�s Lende►ngrees to the merger In i ,
<br /> ' . _ . +r. .. wtiting.
<br /> ,. � 6a Chargea to Borrowor nnd P�otectton of Londer'e Rlphts In tha Propertyl. eorrower shau pay an ;
<br /> eoY��+«�w cr munk�l ch�rpea, tines and imposftions thet ero not induded In Paragraph 2. Borrowor shail pay these
<br /> '. ::{,, I'_� o�+n;qsUona on Ume dkaeUy to ihe cntiry whlch la owed the payment. If taNure to pay would advorsey attoct lender's Interest In
<br /> the Property,upon Lendor's roquest Bortower shall promptly iumtah to Lender recelpto evidendng these payments. � �
<br /> • �"'�`•' � -� it BoROwer feNa to make theae p3ymente or the paymente required by Parngraph 2, or falla to pertortn eny other covenants j �'
<br /> � ' , and egraummte cont�Inad in thls 3ecurKy Inatrument,or there Is e lega!procoedtng that may signfflcantly eftoct Lender's dghts In _
<br /> ° ihe Properry(euch se a proceeding In beniwptcy,tor condemnetlon or to entorce lawe or regulaUona), then Lender may de and �
<br /> . pay whet�er le necessary to protect the v�lue of the Property end Lende►'s dght3 In tho Property, Including paymant ot taxes, � • �
<br /> " �� � hexard Inaurance and other Itema mentloned In Pardgraph 2.
<br /> ,� My emounte diaburoed by Lendor under thi� Paragraph shall bacome Rn edditlonal debt o} Borrower end bo securod by ,
<br /> • „ thls Secu�ity(netrument. These amounte shall bear intcrost from the dato ot disbursement, at tho Noto rate, and at the option ot
<br /> �b
<br /> Lender, ahaH be Immediatey due and�iayablo,
<br /> 7. Condemnatlon. The proceeda of eny award or clalm tor durnnge�, direct or coneequentlal, In connecUon with eny
<br /> `� condemnation or other teking ot any pert of the Fropertyr, or for conveyancs In placa ot condemnaUon, aro hereby esslgnesd and
<br /> ahall be pald to Lender to the extent ot tho full amount ot the indebtadneas that �amalna unpald under the Note and thls �
<br /> �:::�,,; Securlty InsUumun4 Lender shali eppy euch proceeds in the reductlon of the Indebtedness under tho Noto e+nd thls 3eeurity
<br />� . ! �= Inatrurt►cnt, 11rot to uny dclingucnt amounta appllod In tho ordtr provldcd In Paragraph 3, and than to prepayment o1 prinGpai. ' ' �
<br /> � My epplieaUon of the procaada to the prfneipel ehail nat oxtend or poetpone tho due da4e of tho monthly payments, whlch ero �
<br /> " � referced to in Poreflraph 2, or chanpe the amount of auch paymonls.My oxcesa proceeds o�er sn emount roqulrod to pay all �
<br /> outst�ndfnp Indebtednes�undc�tho Note and thle 8ecurity Inotiument ohNl bo paid to the entity logalty entldad therato.
<br /> - B. F�YS. Lender rtiey caitoct tees and charges uuthorizad by tho Secrotary.
<br /> ' - ,.----- _ -_-- 9_ Qreunds fnr �eelnraflnn n}Qaht_
<br /> —.. _. ...._
<br /> �� - -- - -- -- --- --- - -- - - -- ----
<br /> i—--�-
<br /> „ (e) DYfaUtt.Londer may, except ae Itmited by mgalatlans Issuod by the Secretery In tlie cnso oi payment defaults,
<br /> ,� requiro Immeuate payment In tuil o!ell auma aacured by this Socurtiy InaVummt If:
<br /> . m Borrower defautta by falNng to pay In tull any monthty peyment requlrad by thls Securily InaWment prior to or on
<br /> _ - the due dafe of the next monthy payment,or
<br /> (i) Borrowet deteuRe by feNing,for e perlod of thirty daya,to perfom�any other oblipatlons contalnod In thie Secudry
<br /> Instrument.
<br />- (b) Stto WltrtOUt C�AdIt App�OVil. Lender ahell.II permlttod by uppCcable law end with tho pdor approvai o1 the
<br /> •, Seeretery,requlre Immediate paymont{n tuil of nN thu sums aacured by lhla 3ecurity Inetrumrnt ff:
<br /> F,813.LM0(�195) Pnpa II of 4 ,
<br /> i
<br />=�i ' G020S3
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