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<br /> ' g��-1`�Q�� I.OANNC3. l 53921 4t3 9 —
<br /> . � y.Wa��!ot PNnelpal�in3aro�s�ynd Lat�Clr�r�e. Borruwor ahaU pay when due ttw princlpal d',a�xl inton�t on. --
<br /> the d&tu��anced by tha Nota ar�late charaas dua w�de�tha Nate.
<br /> -- ■�.._.i�.w_..�_..w.�Y�.:.e►��:t'.'..'.'?•!!t!��!!d Cflh!!l'-�y4l.►. �if1wA1'lihAll{f1f�lJda k108Ch fT10I11hIV '
<br /> � �c.�w�uur r���nw�wr v� .. _
<br /> paymani,t�athar w�t�tha princlaal and Inia;ast ms sat tath In the Notr.a�c!eny late cheirQea,a su�►IM(al tax�anJ z_
<br /> i s�wctal assessmants lev�ed�r ta ba tavt�d epalrut ttw P�y,(b)leaaat�;y�1 pay�►anta ar�rouiki rents on ttua F
<br /> I PmF�Y�and(c)promtuma for tn.w�ai►w requlrad under erapraph 4.In any ya�r In wht�h tha Lander mt�st pay a �
<br /> �ML'�k�eurettce�emk�m to ihe&ecretaR►c+�Hot.�s!rEp�nd Urbsn Davd��w a("Sa�.�atay�,�0�ar��r y�.:r G�wt►l�,'�
<br /> ' ss�hp�emlum would ltia�^e t�aen�qulreci I(Lendar WI�!had tha Sacur�y Inwtrun�ant,eaah rtwrtilhly payment thaJl alao �
<br /> � indtxle efther:(1)a 5um for the anru�Al mo+t�a�e Inaura�x4 premlum ta ba pdki by Lender to tlie Sec�etary,ur(Iq p
<br /> � mcx►thiy ct�arge Insiaa�tf c�t a rnoriya�,ta Ir�we:�o prarntum bt tfiiy Securiey lrntiun�er►t k�heid by t1w Secratary,tr�a �.
<br /> � rsasonabfe amouru to be d�Te�mtnac!by the Se�retary. Excapt tor tho ma.�s:hty cl�arQe by tha Secretary,th�se kems F
<br /> � ete CWed'Escrnw ltems'and the suRU Pak!to lertdAr�re called'Escrow Funds." �
<br /> Lender may,at any time,coilect and hdd amcwnis tor @scrow ltems iii an a�qre�ats amount not to excaed ttva �
<br /> maxGnur,�arttiaunt that rr�y be roquired for 8orrower's escrow accouni unrier the Raal�state Settiarneni Procadures F
<br /> � Act�f 1974,12 U.S.C.9 26D1 et seq. and Imptsrnentk��epulatlons,24 C�IR Part 3500,as they may be amendad from �-�
<br /> tlme to time('RESPA"),except tt�t the cushbn or reserve pormitted by RcS?A for ur�ant�Clpated d'�sbursernents or �
<br /> �4u++w w��:w�a-�,;b�i�ua a.i-�a G:,��to�.vrr'��yhneMS cue avalleWe in the acco�u�t m2y oot be based on artx�urtts dua for ti�
<br /> mortga9a Insurance�oramfum. i
<br /> It the amounts hetd by Lender for Escrow Items exceed the amaunts permittad to k►e held by RESPA. Lender shall �
<br /> deal with the excess funds as requlred by RESPA. If the amounts af h�nda heid by l.eexier ai any time ere rwt sufficletri _
<br /> top�y the Escrow Item.s when due,Lender�y notify the Bonowar ar�l raqt�Gv Bcrrower ta maice up the shortape or _
<br /> deficiency as permtttod by R�SPA =
<br /> Tho Escrow Furxis are ptedged as additional securlty for ail surns sacured by thls Secu�ity Insirurnec�t. M Borrower =
<br /> terww�iu Lander ihe fuil payment of al!suct►sums,Bonowet's account shall be cred�ed with the balance remalntng =
<br /> for alt 9r►staUment ftems(a).(b),and(c)and any mortgaga insurance pre�nwm fnstalimant that Lender has not become _
<br /> oblkk�aRS�c9 to pay t�t�i Secratary.and Lender shall prompUY�efund any excess funds to BoROwsr. Immedlately p�iar to -
<br /> a fo�k�ue safe ai tha Propetty or tts a ulsltlan by Leoder,Borrower's ac.^.ount sttall be credtatl with any batanca _
<br /> re�na+nt.'�tot al!i�,^.t�i1t�►e+�ts for fdems(a)�b),and(c). -
<br /> r. 3,Ap�lici,tlon o!Payme�ts. A!!payments w�da►Paregraphs 1 and�shall be applied by Lender as fdlows: "
<br /> R FlRST•to the mortgagQ Insurance prem(um to bo pald by Lender ta b'�e Secretary w to the monthly char�e by the -
<br />," Secretary Instead of tha rt►ar�thJy mortgage I�suratx;e pramlum: �
<br />� ��OND,to an1 taxes.specW assessmer�ts.leasebotd payments or ground�er�ts.ar�d fue.flood and other hazarrJ _`
<br /> � '����' -
<br /> �F IgQ,to�ntere.st due wtidsrthe Note; _
<br /> �1 �!,to amorilza2lon of the princ(pal of the Note: --
<br /> �� F�!rTH,to late cha�es due tu�der the Note. `
<br /> 4 Fln,Flood and Ot�H�wrd Insuranc�. Borrower shall tnsure ail improvements on tha Prope�ty�whether
<br /> � n�ro in e�stence�os subsequendy ereded,a4ainsi any hazards,casua�'�ias,and car►tingenctes.ksc1uding fire,for wh{ch _
<br /> ' �' l.enat ar rEQuir+es 3n�urance.This insurance s?►a11 be maintained in the�nauMs atxl for the periocts thst Le�der re�uires.
<br /> Borr�wuas shaJi ai�a 6�sure aU Im�xov��on the Property,whAther na�!n existence or subsequen�yr ere�sed, �
<br /> aga+�st i.�ss by ftoods to the exi�+nt requked by the Secietary.Al1 lnsuranae shall be carried w�h compani�s ap�ved -
<br /> by Lontkx.The inaurance poli�as and any renawals shaU be tteid by L.eoder snd sha��lude loss psyabie dauses I� �
<br />�;f a favo�oi,and in a fam acc�te to.Lender. _
<br /> � In the e�vent d l�oss.Borrower sF�aU�Ne Lender immediate notica b�+mail.L.endar may make proof of loss ff not
<br /> �:� .,a.��a....,M.,.. cs.�,tnauwnn,r,xn.wnv nxx�rxrwti Lc i�aratw authorized snd dire�Cte�to rnaka oavmee�t
<br /> —' for s�x;h�toss c�i�ea+'y to Le�er. 3n�.a'ad ot to Boar��antl ta Lendsr Ja��ly.AI!ar a.�y psrs of titg itrsurarice pioceeds
<br /> �� • may be app�t{ed by Ler►der�at it�optian,ekher(a)to the redudion of the Indebtednoss under the Note and tNka Sec�xityr =.
<br />;:� � tnstr�urie��.ftrst to any dellnque�t amou�xs appiled In the order In Parayra�h 3.and then to prepayment of pr"rr�cl�al,or =.
<br /> (o)to the restoratb�ar repair af the dama�ed property Any a icatbn of the proceects to the pHnctpal st�a'a nat -
<br /> -� e�dend or�tpone the due date oF the montNY PaYme�ts�are reterr�ed to t�F'ara�raph 2.or chan�e ths ertwur�t _
<br /> :..� d Such peyrf�ent9.My excaess kuuranc9proceed o�ver an amolurt requued to pey all otxst8ndfnp k�d9btednes3 u�der
<br /> � tta Plote and this Securiry Instrumer�t sl�afl bepai dSto the entitY Ie�aUY er�titted tNareta
<br /> In the e�ver�t of fo�edosure d this Secu�ty�ruirumeru or od�er trar�sier of t�le to the Property tha2 extin�utsl�es the
<br /> � Indebsodness�aR riyht,tAie an0 inte�est oi Bomc�rer in arx!to tnaurance po+i�s in ic,rce shaU pass to the pu�ca�ser.
<br /> �� �.Ooaip�ncy.Pra�rV�bov�,Matnt�ns�and Prot�etbn of!�Prop�ety;IBomowrr's Lorr�Applic�n;
<br /> L�ss�t�old�. BaroN►er sha8 occupy.estabitsh�and use the Prope�ty as Borrower's princ(pal resldenca withhln sbdy days
<br />� siter the eocecution of ttas Security Instrummeru and sftial!�ue to occupy the Property as Bortawet's piincipal
<br /> � reslder9ce for at{east one yeer afte�tt�e date of occt�ancy.uNess the Secretey detertnines thls requiremet�t w�l cause
<br /> � undue hardshtp for Borrawer,or uNess extenuatktiy circumstances exlsi which are beyond Borrcwer's cortr�oi.BortcMrer
<br />�� shad notYy i.srxiers oF any eocttenuatinp cuctxnstances.�ortower shaU not canmk waste or desitoy�dama�c�r.
<br /> :r� substar�t}alty charqe the Pnoperty or a11aw the Propsrty to detc�riorate.�easonabk wear and tear excepted.L��c3er may
<br />;;� �the Prope+�Y if the PropeRy is vacant or abandoned or the ioan Is tn default.Lsnder may take reasottabfe scUort.
<br /> �. ; W protec!snd pc�ve stx�t vscant or abandoned Propeity.Borrc�wer sNaD also be tn defa�t�13mrrpwrer�dtarkp tfie '
<br /> � ��aPP���•9��Y false or inaccurate(nformatlon or staiemen3s to lender(or fafled tc�avide _
<br /> '.,`:- = lendar wRh any mad�'r�l fnformatbn)tn conneetbn wkh the loan evideneed by the Note.Induci�g.b�t e�e�I(miced tn, _
<br /> . r�r.�entaUons ,p 6�*roMrer's occupancy af the Rropeity as a�xinclpal resl�ence.if this Securti�Irts�nnr�ent Es =:
<br /> ore�ioasehola.&�h�.�wer�"ksha�com�ty w�n tr►8 provisloos a the lease.�f�srrwrrer acqtcires�ee tit5a ta tf�e ProNe�ty,the3 -
<br /> . , i�set�ow ana s�e tae shau na be m�rQecf u,sc+ass l.enaer agrees to tise merger In wri�ing. -
<br /> �; �+�: a.ctw�.s m e«rowrr.na P�ro��tr;c�!�«�a.rs Rqna rn tn.Prap�ty. eomower s�r pay atl�vommornat -
<br /> c,+r n��x�nicigal char�es,flnes and imposklo��-�t are�krduded in P���h 2.P,c.�ra:a s.'-ai,�ay�,s,e c�i�a�� _
<br /> r
<br /> c+r tfnae d(tectly to the entity rkl�ich is owed the paymerrt:�t�ifaYure to pay wauid aduc�r^�eiy affed Lender's iMoi a�t in tits =.
<br />: -,;. Fr�-�+.W�Lerxi�Ys r�B�t�a sf��!��r,�tiy�iunlsh to Ler�dsr��e�v�arx�rt,g tts�sa yma��tc. =
<br /> �.� tf Borrower fafis to makett�p�i�ar ths pa�yments reqt:ined by�aragrap�2,or faHs to pe�m arry oihor
<br /> covenarKs and a�a_reemerus cartained�s ti�tis Secur&y Ir�stnunent,or thene is a le�al proceeding that maY sf ng iNcantly -
<br /> a�ea�er,aer���n me Pro�arty(sucte as a�roceedin�u,banwu�ccy.for condertu�atbn or to eNor�ce{a�as or
<br />',. " re9�iatio�s)�then Lencier may da and pay whatever Is necessary to proted tit3 ti^.��o a#th9 Prope�ty and Lsnder's -.
<br />. tights It�the F'rope�ty.tnduciln9 paYrneN of taxes.hazard tnsutance and other items me�tla�ed in Para�raph 2.
<br /> , My amounts disbtused by l.ender under this Paragraph shaU become an add�ional debt of Borrower end be '
<br /> i secured by thia Security InsUUmer�t.These amourks shatl bear i�erest from the date of dLslxusement�at the Nate tate. -
<br /> ana at��s�o�on a�.ende�.Sr�au�e imrr,edlatay d�,e a„a pay�bte.
<br /> � 7. n�tio+�. The proceeds of any award or clalm for darr�ages.direct or consequeMtal,tn ca�utiec:tion wkh
<br /> any cor�derru�tbn or other taktng of any part d the Prope�ty,or for comreyance in ptace of�xideennation�are hereby
<br /> ; assbned and sha11 be pakf to Lsnder to the exie�of the f�l amount of the tndebtetines.,tF�at rematns unpakt under the _
<br /> � Note and this Sectuity Instrumerit.L.snder shai!appfy such proceeds to the redudlon of the�ndet�tedness under the
<br /> � Note and thls Sacurity Insirument,first to any delinquent amoauits appiied tn the order provided tn Paragraph 3,and
<br />' � then W PrepaYmer�R of princlpat.My appl{catbn of the proc:eeds to the principal shali not e�dei�d or pos�o►tie the due
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