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<br /> LDAN�1�. 1 5392 142� ) �_
<br /> � t.Qaym►nt o1 Princl�l,Int�nst a�t4l.at�Cha►r�i. Eiortower shaU pay wlwn dt�tha princtW�1 ot,and Interest o�, F'-
<br /> � t1�s d�bt wklanced by the Note si�i l�ta charpaa du�u��ular tho Noto. T
<br /> ; 2.�Ac�nihly P�yrrN�tp o11'ax�.l��ursiu���a��+ti�r Ct�ary�a. [iottowrac aha11 Include 1�e►ach rr+o+nhly k
<br /> � pa�ycns�nt,tnpattwr vu�h tiw princ�and Iruafo�tt as�t to�ih in tiw Note erk!Kny lata c3tiar�at,a sum fcu(e)taxe�and
<br /> � �pac1�!aawssmvnts Iwlaci or to laviad agxlns!the Pr rty, (b)I�awho�d paynnants ar praund rents an the �
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<br /> � Pranwty,snd(o)prornlum�for lnpur�nco requk�d und�r �n re�rh 4.In any y�r Ir�wt�lch tlw Laxier mu9t pay�
<br /> � mp�GA�Q i�uuc��pr�-nlum ta tha 5ecretsry c�H�*��!np end�roan Jr�v�opr�wiit('S:�rat�ry7,ar In any y�ar In wh4ch „
<br /> a,�h p.��n{�m wouki havo baan roqulred M Lander�tAI h�lc,!tha Socurity Inzt�umeM,each n+atithiy paym�t sha1�alsa
<br /> ; t�clude athar: (I)�sum far the�nnuat n�ort�a�Incurancopr�mfum tfl be i�etk!by Le+xi�to tlw S�craLary,w'(Ul a
<br />� i monthiy charpe In�tos,�d d a marspa0d G�suranc�promlum If thts Secutky Ir.strursor.t u hald by the Se�rotary,�n a
<br /> ru�asoi�able am�unt to ba dsi• .. Oy t!u�Se�retary. Exce!.+t fo►tha monti�y ci►ar�a by ttw Secratary,these ftoms
<br /> are call4d'Escra�+ftoms"and the eums pi�kl t0 Lei�de�Are Called"ESCrOw Fund9"
<br /> Lender ma ,a4 any time,cdlect and hdd amounts for�scrow Items In en a�regate amount not ta excaed the
<br /> maximum amaunt that may be roqul�ed for Barrower's escrow account under the Reat Estate Settlertwnt Procsdu�os
<br /> i Act of 1974,t 2 U.S.C.6 2601 et seq. and implementi�g reguiatians,24 CFR Part 3500,as they may be amer�ded han ,
<br /> � time to time�'RESPA"�,except tht�t the cushlon or resene permfKed by RESPA tor unanticlpated diaburseme+�ts cx �_
<br /> ? disbursements befare tftie Borrowdrb Ewyir►e�ii3 ara avalG:�:o I�tho c�cco�uu m�y not be Gased on amaunts due for the �
<br /> � mortgaya Insu,�nce prem�um. �_
<br /> ,.� if the amounts held uy Lencler tor Escrow Items ex�eed tho smou�s permttted to be he{d by RESPA,Lender sha�ll �-
<br /> deal wfth the excess iunds as requl�ed by RESPA. IF tho amaants of funds held by Lender at any time are not sufficlent �
<br /> •� topay the Eacrow Items when due,Lender may notify tho Borrower and requ�re Barower to make up the shortaGe or _
<br />' � deficiency as permitted by RESPA. !
<br /> , The Escrow Funds are pled�ed as additional securiry for a11 sums secu�ed by thls Security Instrument. If BaROwer
<br /> tende►s to Londer the full payment o�aU such sums. Sorrower's account shall be creditee!wfth the baiance rematnlnQ -
<br /> � for all lnstallment kems(a),(b).and(c)and any mo�i�age tnsuranca premium in�llmant that Le+ide�has not becorsse _-
<br /> � °' obi!gated to pay to the Secretary,arxi Le►xier shatl promptly refund any excess funds ta Barcower. Immedlatdy prior to �
<br />:�;�`-�� a foredos��e sale of tho Property or tts ac ulsitlon by Lencter,Bortowe�'s account shaU be credfted with any balance _
<br />'�����'�_ �ema(ning ior�II insiallments for Items(a),�b),and(a). _
<br /> ��s'���:.:� 3.Ap�iic�tiot�01 PaymsnU. Ail paymenis under Paragc�hs 1 and 2 shall be applied t��lendor as fdlows: _-
<br />` <..�:�<J! �RS7•to the mortgage tnsurance p�'emium to be pakl by Lendar to the Secretary or tn t�'�e month(Y charge bytCxe _
<br />`���;} Secretary lnst�ad of the mont�ly mortgage Insurance premlum; _
<br /> n SECOND,to anyt�xes,speclal assessri�ents,�easehold paYments or grn�nd rants,and fl�e,flood and other ha�.atd
<br /> ���, (nsutanc�pramiums,as requlred; _
<br /> ;.�;±;; THIF�D,to intorest due underthe'�ilie; _-
<br /> -.�c;,� p R ' .to amoMization d the prinr.ipal of the Note: -
<br />`��:��' ��j,to 12te charges due under th�Nt,�i�. _
<br /> `�'�;.: q,Fir�,F1oa!and�har Haztrd fnswancr. �rrov�+er shall irssure all irr��arovemertits on the Prope ,whether
<br /> '•.;.:, now tn existence or sukx�equenby erecte�,agatnst any hazards,casua(ties,se�ccx�tinganclES,f�cf�ci�n9�re,for whfch _
<br /> l.ender�equT►�es insurance.This Insurarx>a shall be malntatned In ttre amounts and for the p�riods thnt lender reqWres. _
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<br /> ,� gorrower shaiD elso insure all tmprovem¢+�ts on the Property,whather now in existence or subsequoMiy ereeeed,
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<br /> `� � asalnst lasis by floods to the extont required by the Secretary.All inuurance shall be caMed with companles apExoved
<br /> �•. by Lender.The Insurence policies and any rertiewals shall be heid by Lender and a�heU Indtxia lass payable dauses In
<br /> � favor W.ar+d tn a iam ac^ceptabie to w�Lend�A.�a.� ��tA �w
<br /> �. in me Wdni ui tuda.v�.v::aP o:'a»y�....,...,.... ..T«'!`�..»_!!^?__hy mnil.LAnder rtlav�Y1ike D(OOf Of IOSS i�f10t
<br />;.� made PromPtlY bY Bo+�awe�.�ach insurance company concemed Is t�ratiy authorizod er�d dlrected io maks PaYme��t
<br />� :�� tor such I�.s directly to Lende�,InsYeari of to Borrower and to L.e�xier(�ty.All or any part d the Insurance proceeds
<br /> may be applied by Lendet.a2 tts Wxlon.etiher(a)to the reductlon of the Indebtedness under the Note and thts Securitll
<br /> ' Instrums�t,first to any dellnquent amounts app�led tn tha arcler In Paragraph 3,and then to prepaymer�t oi p�incipal•or
<br /> .� . (b)to the restoratbn or repatr d the damafled propenY.Ajny app�ation o#tha proceeds to the princlpal sftiell not
<br /> �� e�e�d or poRtpone the dua date W the mor�tNY paYments whlah a��e referred to in ParaQraph 2.or chanpe the arrwuM
<br /> -�� . of such payrnaus.My excess insurenceproceeds ove�an amo�un requtred to pay aU outedandiiq t�►debtedt�ess ur�der
<br />.'-R the Nctct an�thi�Securiry Instnunent shall bepaid to the erdity legally eMfded thereto.
<br />::.. �� In the e�nt of foredosure dtrile Sacurtty lnstrument ar oth�transfer of title to the PropeRy that extinpuishes the
<br /> tndebtedness.ail rl�ht,title and interest of BoROwer In and to fnsurance pdicles In torce s„aU pass to the
<br /> S.Occ�+Wn�Y.i�rs�r�tio�.II�atRtananw and Prot«:tlon of th�Propwtyi Bonw w K's 1.an tcation;
<br /> L,MSN�ids. Borrower st�aU occuPY�establish�and use the Pro�e�ty as Borrower's p�.nr�pel residence wkhin sbQy deiys
<br /> �:� �m�e�s�o�+az�se�u�ay��ume�c e,�d Sr,�u oo���o occu�y�P�as�ow�rg�roa�
<br /> resider�ce ttx at least cx�e yeai after i�e tiste of occupancy,w�le5s the Sectetauy determines this fequireme+�wYl cause
<br /> cx
<br /> ":�� � undue hardship for Bort�ower,ot uniess sxtenuating cl.�cumstances�xxist whit�are beycxtd Borrower's contr�l.Borr�wer
<br /> shaH notity t.enders of any exte�wating clrcumsianc9s.Borrower st�aJl tx�commlt wASte or deshoy,dama�e or
<br /> .�: substantially change the Properry or allow the Rno�erty to deteriora3e,reasonabie wear and tear excepted.t.ender may
<br /> inspeci the Property�the Property b vac:ant a abanda�ed or ihe 9�aan Is in detauft.Lender may take reasonable eclbn
<br /> :���r;�, to protect c��►d preserve such vacar�t ar3barxioned PropeRy.S�.�awer shail also be in de'faedt ff Borrower�du�ingthe
<br />'::.:t� Ipan appl;r�;,on�ocess,gave maiee�a7°y fatse or inaccurate i�domtiatlon or statements to d,ender(or failed to pra�a
<br /> Lender with any mateHa!Infom�atlor:)in connection wkh the loan evidenced by the Note,inctuding�bui not ItmRed t�,
<br /> n��resa�ations concen�a�g Bortower's occupancy of th�Property as a princ��al reslde�ce.If this SecuRty Instrur�er�t is
<br />' _� on a le�asehdd,Borrow+�'s�"�alt com�pty with the provlslons of the laase.If Bo�ewer acqutres fee tkle tas�e Pro�erry�.the
<br />_ � lee3ehdd and fee tide shaU not be rrror�ed uNess L�ender agrees to the mer�er in writing
<br /> ; � 6.Cfsa:��4o Bo.��w.w�r���::tai at 1.�:�i'�s p:;,,."�!:�the Pc+_�ty. �a�?�w+er sha11 PaY all goverr��
<br /> or 1pal charyes,flnes and Impositions that are not indtr�:ed in Parayraph 2.Borrower shall pay these obltgat'�s
<br /> ==`-� on t�dlracuy to tha en�whkh is awed ti�a paymeni.if 4ailure 4o Fray wou�d adverseEy aHect Londsr'�IMerest(n the
<br /> � prppetty,upon Lsndera.re4uesi Borrower shall PrornpBY tu�nish to Lender recet�s ev�dencing t�ap�ymerks•
<br /> - � ff BorroMrer faYa to m�Ne�hese p�yments or the payments requU�ed by Parag 2,or faYs to pe�torm any other
<br /> ���`� covenar►ts and a�ree�nents coMained In this Security Instnunont,or there i9 a le�oceedtng that may si9nfficart2iY
<br /> � atfect l.e�xier's rights in the Property(such as a proceeding in bankruptcy.for conde�nnation or to er�force laws or
<br /> • . regutatbns},then Lendet may do and pay whatever is necessary to protect the value of the Property and Lende�s
<br /> �iphts in the Propeity.indudWW PaYment of taxes.ha2ard insurance and other items mentioned tn Paragraph 2.
<br /> My amounts dlsb�used by I.ender unde►thts Pgragraph sha►1 beco�ne an addftional debt of�orrower and be
<br /> secured by thts Security Insirument.These amounts st�all besr tnterest frori tlte date of disbursemertt.at the Note rate.
<br /> and at th�t a{�tbn d Lender. shall Ese knmediately due andpayable.
<br /> �,Cp�d�n�aup�n, The proceedt�pf any award a ctaim tot damages,direct or consequeruulal,in connectlon with
<br /> any condern+�atbn or dher takin9 of any part d the Property.or for corneyance in place of condemnatbn,are hereby
<br /> . assi�ned and sitial!bra pafd to Lender to the o�ersi of the fdf amouM d the tndebtedness that remairtis unpaid under the
<br /> Note arxi thts Security Instnunent.Lende►shall apply such proceeds to the redudlon d the tndebtedness undet the
<br /> Notp and this Sectuity Instniment.flist to any deii�queru amour�s applied tn the cxder provided in Paragraph 3.ano
<br /> then to prepaymei�of principal.My appikation of t�e prcr..eeds to the principa!shail not extend ur posipone the due
<br /> • FHA NE�SKA DEEO aN TAUST P�2�,
<br /> s/�s
<br /> � �SC/FIAaTt�IE//06Ot/(5�D6N.
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