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<br />' !. s:�;,�_:y,tt uP Et.•iis��inas,➢�►Qcr•:vt 1iF��3 B.aEe Q:iiax,:e. i?t�rrn�•�cr sha�I�):ly t4IlCf1(II!^oitc t��i�;��ij�.�l ul.��ml i��t•'r::t tm, r=-'nF
<br /> the dcbt evi�cnccel by the I�qte.�nd lut�uh+��'gc�due u�ider tt�c P�otc. �_—=
<br /> . 2. �t".o��thlypAY�eat�a n?Tnxeai,��id�.+ran:�ans!Otl�er�hue�;��. Florrawcr sPmll inclu�l�in c:icS�nwiui�ly�ucymcut, -
<br /> taficu�cr ith the 4zrincip�l a.ntt intcrist,ns sct fard� in thL Notc nnd any latc cha'E;es,nn it�htnllmcnt c►f sa�y f�)caxc5 m+�l
<br /> s�ccial as. tismen�9�eviecl or•cn be Icvied against tlie Property,(b)lcasehold payit�c�us ar grnund rentti o�n thc 1'r�ryxny,uc�+l
<br /> SEE �c)Nremiu �for ip;�urAnce requirecl by agraph 4.
<br /> P.ach nthly. insfallment for ite►n ol, (b) nnd (c) shull equal o-twelRh uf the annuu iwuntti, u� rcasuisuhly
<br /> hTTE!CN�(1¢ytimatec�hy �nc!er,plus an amount xuQ'fl nt to mnintnin nn nddition;►1 b�ince of nat mare ttinn on M1 ixtt�oF,h',`k f n,��ttd
<br /> REVISIQNu�nounts. The l!annual amaunt fna.erscfi i �hall be accumulz�ted by I.c� �►'wii�►ia�i F-rind endinb
<br /> item would me dclinquent; L:n�te"t shn old the u�rnounts collected in st to �ay in:ms (a), (b) r1(e)�l►efc►rG thcy
<br /> bccomc delinyu . " �
<br /> If at nny tii thi: total of t1lc;puyments ld by Lcnder for items(u), and(c),rogether �vith th btur� manthly
<br /> paymen�s far such �ms pwyatile to I.ebeler priar the due dntes cf such items,� eeds by more thun one-sir �he estimi�t�d ,
<br /> amount of puyme 4 TC(]1�1f0(I tG,pay such itei when dae, 1nd if paymen on the Note nre current, hen l.ci�der
<br /> sliall either refa►nd excess over one-srxth of th stimuted puymen4ti or credn t excess ov�r one•sixti: oF c.r•thiiuted
<br /> paymcnGS to subscqu t puymen'.s by'Borta�ver,at �puon of Borcowcr. If the al�f thc pnymcnts madc b l3orrowcr __ _
<br /> for uem (n), (b),or(a 's in5ufficient•to pay the item hen due,thcn Borrowcr shnU y to I..endcr miy eunaimt n 'ssnry to
<br /> makc up the deficiency ar beforc d1e da4e the item b omes due.
<br /> As used in this Se ity Insuamept,'Secrcrlry"m ns thc Sccrcuuy of Housing d l3rbun Ucvclopnknt or ht on c�e
<br /> designee. In uny ycar in hich the I..cader must pay n rtgnge insur�ncc prcmium ta c Secretary(or uny ycar in•�vl�ich
<br /> such premiu�n would havi cen requacd i{thc l.ender s hcld thc Sccurity Insuumcnt �ach manthly pt►ymcnt shn�t+i�so
<br /> include ci�hcr: (il an in�tul.,;•�cnt af the annunl mortgagc i rancc premium ta bc paid b ndcr to thc Seccctary ur(ii)u
<br /> montt►ly char�;e inste,�d of a��'�octgnge insurance premtum if is Secunty Instrument is held the Secretary. Euch m��nthly
<br /> installment of the mortgn=e sutance premium tihall ba in amount sufRcient to uccum ate the Cull nnnual monS�S�
<br /> insurancc premium with �n r one month priar tA the dut the full unnu�l mortgnge ins nce l�remimn is duc to the
<br /> e��ch monthly chnr�e sNa hc m im wnount cyutd ro
<br />' Sceretary,cr it this Seciirity :itrwneut ia ttcfd b�• tl�c S ;•. ___
<br /> - ott�-t�.�elfth of onc-half perccnt . th�����t�rnnd'en�pnncip:il bulan�duc on thc Notc. �, ___
<br /> If Burrower tenders to I.en r Ai�Cull payment of nll sum. securecl by this Secueiry lnstrumem. �3urruwcr, u�eu�►�u ,—
<br /> - shiil!be credited �vith the hnlun rem�ining for a l l instnllmenG or items (n), (b) and (c) nnci�my martgage insurance
<br /> premiurn installment that Lender 1 • nut become obliguted to pay o the Se:crek�vy, iu�d Lender sh�L l pramptly reFund uny
<br />- cxcsss funds to Bonowcr. Immed� ely prior to a foreclosure sale thc Property ur iGs acyuisition by Lcndcr.Burruw¢r+ --
<br /> ° nccuunt shuil be credi�ed+�ritl�any b,� +ncc rcmuining for all installmer.,s for it�mc(a),(bl and(c1. __
<br /> 3. Appllcntion of Pnymenta. �1 paymcnts under Parugrnphs 1 3�d 2 shall bc applicd by L.cndcr us follows: ___
<br /> �jj,tS�, to the mortgt�ge insurance premium to be puid by Lender to the Secrctary r�r to thc monthly chnrgc I�y _
<br /> thc Secrctnry instead of the monthly rnortgage insurancc premiwn;
<br /> S .CO D, to nny taxes, spccinl a+sessmen4s, leasehald paymcnts or ground rents, und tirc, tlood and othc►•
<br /> hnznr�insuruncc p�nniii��ij;,as rcquirc�:
<br />-- TI�IR .to interest due undoc the Note;
<br />� 'OU ,to umortization of the pdncipal of ihc Notc;
<br />_= FCPfH,to li�tc churgcs duc under thc Note.
<br /> 4. Fire,Flood and Other Ht�rd Insurnnce. Borr�wcr shall intiurc all improvcm�nts on the Property, whcthcr no�v
<br /> - in cxistcncc or subsequcntly erccted, against any hazFU'ds, c�sualties, and contingencics, including tirc, for which L.endcr _
<br /> requiros insurnnce. This insurancc shull be mainGvned in thc amuunGti ansi for thc period, thiu[.endcr requires. Bc�rro�vcr �
<br /> !� shull iiltio insure ull improvemenGy on the Property,whether now in cxistcnce or sub,eyuently crocted,ugain+t loss by floods _.
<br /> � ta the extent ru{uired by the Secretxry. All insurance shuU be c.uricd with companies approved by I..cnder. The in+4iruncc --
<br /> .+ policies nnd.sny renewnis shail be hcld by Lender and shull includc loss pay�b[e cluuses in fuvor of,and in n form.tcccpwble Yv
<br />� ����In thc evcnt uf loss, Borrowcr xhnll give f�nd�r immediute notice by muiL Lcnder may make pro�fy f loss if not nuide __�_
<br /> � promptly by Horrower, Euch insurance compuny concerned is hcreby uuthorir.cd;md directed to mukc � ment for such lusti ».•,-_:
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<br /> _, drcccQy to I.tindcr,instcnd of to Borrawcr nnd to Lendcr joindy. All or any purt of thc in,urance pivcccds may bc a►pplic y
<br /> :� Lender,nt its option,cither(a)to the reduction of the indebtednesx under the Nate and thi�Security Instrwnrnt,tint to uny � _,
<br />-j delinqucnt iunounts i►pplied in thc order in Parugraph 3,und then to prepuymcnt of principal,or Ib)tu thc rctiroratiun or repair �:_�
<br /> of the d�unagcd property. Any upplicution of thc proceeds to thc principal shull not cxtcnd or potitponc thc duc datc��f ti►c ��_,�,
<br /> monthly puymentr which arc referred to in Paragruph ?. or change the amount of+uch puyments. Any excess insurance
<br /> proceeds uver nn amount required to puy all out+cunding indebtedness under the Note und this Sccuriry Intitrument�hiill be .�§„
<br /> paid tn thc cntity lcgully cntiticd thcreto. �'�'
<br /> In thr cvcnt ot for�eclosurc of this Sccuriry In�trument or other trun�fcr of titic to thc Propc�ty thut cxtinguishcs thc
<br />' indcbtednc+s,nll right.titic und intcrest of Borrowcr in und to insurnncc policics in forec,Itull pa+s to thc purch�scr.
<br /> 5. ()ccunancy. Preservation, Maintenunce and Protection of the Property; Borrower's L.oun Applicntton;
<br /> I.ea.schulds. Borruwcr+hull occupy,cst:►blish,und use thc Property:s�Borrowcr s principul rcsidcncc�vithin sixry dnys aftcr
<br /> thc cxccutiun uf this Sccurity Instrument and shall continuc to occupy thc Property ns Borcowcr'x principal residcncc tor at
<br /> (cayl �mc pca�r nftcr thc dauc��f'or,cupuncy. unlcss the Sccrc[ary dcterminrs this rcyuircmcnt will cuusc unduc hardtihip fur
<br /> k3orro�vcr,ur iutlesx cxtenunting circumstanccs cxist which arc beyond Borrowcr's conu•ol. Borrowcr shall notify Lcndcrs oi
<br /> nny extenusuing circumstunceti, Anrrower+hall not commit waste or detitroy,damagc or tiubstantiully change the Property ur
<br /> idluw the F'roperty to dcteriurutc, rcusonnblc wem' nnd tear excepted. Lendcr may mspc�t the Property d the Nr��r�ny ��
<br /> vucnnt nr ubondoncd ��r thc lonn is in dcfault. L.cndcr muv takc rcaxonablc action to pratcct and prcxcrvc ,uch vncanc or
<br /> nbnnduucd I'n►perty. Hi�i7�w�r,hull ul,o bc in dcfault if Borrowcr,during thc laan upplicution proccss,�avc matcrinlly fal.c
<br /> ur inuuur+�tc infornuuion or ztiucmcntti to Lcndcr(or fuiled to providc L.ender with nny mutcriul mformution) in conncctiun
<br /> �vith tlu lunn cvidcnccJ hY�hc Note, inc:luding,but not fimitcd to,represcntations conccrning Borrowcr's occupanry ot'thc
<br /> titc 1 s�c.t�ll�Nurr�nv�•r n��u n�.fcc titic�to thc Propertyuthc Ica.s hold�and f c�tidBc�h�il nc t be m�Ecd'unl�h IL�dcr ugrcc+tu
<br /> tl�c mcrgcr in wriling.
<br /> 6, [:Ittt►y;es to liurrowcr nnd['rotcctton of Lender's lt[ghts in the Property. Borrowcr shall pay a�1 govcrnmcntal
<br /> i��.�»un���pu����ur�;cs, i'incs und imporitiom that arc not included in Purugraph 2. Borrowcr tihull pay thcsc ubl�gutum+on
<br /> timc clire�tly t�► 16c entity which is owcd thc payment. If fhilure to pay would udverscly affcct L.cndcr's intc�'c�t in thc
<br /> ;.
<br /> prn��crty, upun�.�ndcr',rcyucst Borruwcr shnll promptly Furnish to Lcndcr rcccipts evidcncing thcsc E�aymcnt+.
<br /> _ If 13orn►wer t':�ils lu mnke thcsc puyments or the puymenG, reyuired by�Fu�agruph�nur�„ai��„�lv p en�iticuntiv ufl ct
<br /> � CltVl'IUIIII� Illll� U;!f��Cllll`Illti Citlllilllll`U ►Il [IIIti Jl'CUilty nt�i�iiiiici�i.:�� u�..�.. �., .. .�t.w.r•----"-� -
<br /> IAncler� ri};ht+ in lhe 1'��uperty ltiuch as a procecdint in bankntptcy. for condetnnation or to cnforce luws or rc�.ulation�). �
<br />- Ihcn I.cn�ler mny du uncl Ir,iy wl�utevcr iti nccessary to protect thc vatue of dic Properry unJ L.ender's rights in thc Pruperty. ,
<br /> includinp;p;►ymant uf t��xrr,liniiu•d intiurnnce and uther itcros►nentioncd in Pnr�gr.tph 2. I
<br /> Any iun�ronts di�hur�ctl hy l.cndcr undcr this P,�rugraph shull becomc an adduional dcbt of Borrowcr and hc sccurcd by
<br /> thls ticeurUy hi�U'untint. 'I�he�c auuuunts shull bcur intcrest from thc da[c of disbur�cment,at thc�`otc ratc,and ut thc option I
<br /> ui'I.�'ndcr,tihnll hc intn�cduilcly tluc mtd pnynblc.
<br /> 7. ('llll(ICII111UIIi111. 'I'hc pi+,cccdr uf any uw,ad or cluim for damu�es, dircct or conscyucntial. in c;onncction with uny I
<br /> �:undcmnulion��r ulhcr Inl�fn�:uf nny pa�rt of thc F'ropc►ty.or tbr convcy�ince in pincc ot'condcmnation. itrc hcrcby atisi�ncd
<br /> uud �hall he���d�l�:► I xndrr�u�hc cxtcnt ut'thc 1'uU wnuunt of the indehtcdness that remuins unpaid undcr thc Nutc und thi+
<br /> S«uri�y �n�tiuni�m, I.��nacr,hnll upply such procceds ro the rcduction of the indebtedness under thc Nutc und thi,Sc�uriry
<br />;Y� IntitrumCUl, Ih,l tu w�y �I.lin��ucnt untounts iipplicd in thc ordcr pro�•idcd in Pi�ragraph ;, und then tc� prcpnymcnt ut
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