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<br /> • � ' L�� may. �1 any 1Mna, coY�ct �nd had amounla tor Eacrow H�ms 1n •n �pyn¢ut��mounl not to �xcwid I�� nuxinwm
<br /> amo�nt Ihaf n�►y bs rr9uua�1 1ui Ba'�µu s �stYOw Accoun� ��nd�+ �h�Rr!Estal�S�itiwn�nt Froc�duna Act ol 197A. 12 U S C
<br /> g 2601 N s+c snd Mnpl�+unlin0 rpul�lbnt. 24 CFN F'�ut a500. ■s th�yr nWy tw w�tiw�dad ham U�m tn Nmw�-NFSPA ► �.cu},1
<br /> Ihat tha cust�lon a nserv� PK��� by ��'A 1°r unw'1+c'a+'t�c3 �al'"'�o"w^t� or dsbura�n�+t• bv1a� �M 13arowar's `
<br /> MYm�nti wr� a�sY�W�h th��coounl may nol b�basad on wnounls du�lor th�mort�pe h�urw�c���+�'•�� `
<br /> N Ih� �mounl�h«d by L�ndM lor Esuaw Itmu �xca�d ih•M�ww7t�p:-m'ttod!o be heiQ hy R4��'A l�.�d�r shall c1M1 wqh
<br /> ItNnsxwh�n duo Undcr may�o ry Iho :,orro rx s�d`tequktdHonowwYW maiw•u}► lhe hc+tW� a udMolMxY ssyV«mtt�ci by � :�
<br /> RESPA fo�W sums f�ow�c!uy thla Sccw�ty instrunt�111 Ii Sortoww 1�►�{ws� �-
<br /> Tha Esuow fund� u� pMclq�d as wddt�o+u1 s�+'.u�'ttY
<br /> to Ur►dx the IuU paymsnt o1 a0 wch surtu, Borrowor's account shaM b� u�iilod wUh Ih� bala+:c� rNn+w��f1� lo pay�to h� � �
<br /> items (r}. (b}. cnd ic) a++d iu+y mort�.+�e �+*+��� P��^� �^t�^��t that Unde Ms nut bacoma ebNW E
<br /> ��y. �d ;,�nd�sh�lJ promptty rdund�ny�xc�ts tw�ds to 9ercow�'. Imrt►�iiSi�tY P�+to 4 tor�closure sft�ot thw�ropxiy w �
<br /> or ila acqulsitlon by Lvndr.Barrowa's eccount�hall b�creddad wdh a^y hdance remalning lo►�u i�xtalknwrita 1or�wns(U,(b)_ � v
<br /> and(c). � --
<br /> 3.Ibppllcatlon of P�ym�ata.All PaYmMts undK paraqr�phs 1 and 2 ahaU bQ applad by lw►da►as toltows: -=
<br /> Fltit to th�mortqaye insuance Pra�+m to b�pald 6y LEnder to the 3ecr�tuy or to tho mo�thly charye by iho S�c�Nary �
<br /> Instwd ot the monlhty mortflape Insunnr,� prwnium; _
<br /> S�COt1d. to any toxaa, sPucla� assessm�nt�, la�s�hotd payments or ground ronts. �nd Tir�. flsaad and othw hazud —
<br /> tnaurance pr�ruums, es requked: _
<br /> Thl�d, to tnterest due under lhe Note:
<br /> Fourth, to�mortizatlo�a1 the principal ol the Noto;
<br /> Fifth,to iate chuye�duo undar th� Note. _
<br /> 4. Fir_. Flood �nd Othor Haurd Inauranc4. 9orrowu shau �nsure wu tmprovemanis on ths Prop.rty,wneinx
<br /> now in oxlstence or subsequentty erectad, agalnst any haza�s, casualties, antl continyencies, u�ciuuNiy t'Ne, 40�wh;ah ��aas
<br /> requkes i�wrance. This Insurance shall be maintained in ihe amounts and tor the periods that Lender raqukes. BorrowK shaU
<br /> also Insure All i+nprovementa on the Property. whether now in existance or subsequanty eracted, apalnst bsa by Aood� to the
<br /> e�dent required b�t'ro SecretuY• All Insuranco shaU be cu�ied with compar�s aDProv�d by Lender.The insunnca poGdes snd
<br /> •ny�nnwv�l.+ sha11 ba hald by Lendar and ahaY Includ�bss WYabla ciwsos in i�vor ot,and'n�torm+ncaPtabte lo, Lender.
<br /> in the ev�t of loss. Bortowar shal) pH� L�nder immed�ate notice by maii. Lend�r rt►�y maice P�°o� ot Iass N no2 mmde -
<br /> prompty by 6orrower. Each Insurance compt►ny concem�d �s 'wabY authorized and cire�ed to make payrtwr+t for such loss
<br /> direcUy to Le�da�, instead of to Bortower and to Lender Io�nt\• Au e+ a�Y W�►1 ot th� insa:!�s.x�e Proceeds maY bo��A��y
<br /> Lender, at its optiai, dthsr (a) to tM reductbn of tha indQbtednass under thi o ote arid t� b��Y �3�� «r�ot
<br /> delinquant�mounts applied in the order in Pac�"'�Ah 9. nnd then to prepaym�n P�inc�P�. ( )
<br /> the ckmaged PropeAy. Any apPAutlon ot tl�e Proceads W tlw prinapal shall no1 ext�nd a Pos�e tya du� date ot the
<br /> ma►thy paym�nk which are retsrted to in Puayraph 2, aw c,hu+9s the amount ot suth payments, MY wccASS Insurance
<br />= procaeds over an amount requfred to pay aN a+tst�►►din9 i^d�dn�ss undsr th°H°ta+�d w''`s�Y�^strument shaY b�pald
<br />- to the antily Ieg+ON entitl�d thereto.
<br />� In th� event �t torsclosure o1 tfils SQC:ri� Instrunxnt or other tr�+s4x�o�St��tuPerty p'►a���ulshes the
<br /> Indobt�dness.d e+r�t.tith and iniorsst of 6�r:��►er in and to hcurance Pdi=+Qs
<br /> 5. Oacupancy, Pns�watioo, �Rsint�nance and P�otoction of th� ProQ�rh►; Bo�ow�►'s Laan
<br />= APPIICltiOtl; L�is�ffOlds. Borrowe�shad occupy, establish. and use ths Property as Borrowar's prindpal rald�ce withk►
<br /> aycty d�ya a�tha axux�tlon o1 thls Securiry Ustru^w^t a^d shal! continue to occupy the Propeity as Bortower�s p+hdp�l
<br /> ras�d�nc�tor at bast one yeW ��the dat�of occupancy. unkss the Secruary dat�rtdnes thk requirement wiY cauoa undw
<br /> - . l.:c�f:.;trz ge•r••!�!!••, n. �miaas �xt�rwat+na dreum�tanc�s sxist whbt+ an beyond Bortowa's control. Borrowar shaJl noWy .
<br /> - lencbrs ol �ny e�.tanuatln� circwmstancee. Borrow�r stiaY nat cortwiW wast� or oasuoy. d�ma�+ �� �u�.-S«�«::T :.�.:.^�e !!:e
<br /> Piropar!y or altow th�PropeRy to d�twiorat•, ro�saubN woar and tsv�xc�pted. Under rt�.ay insp�ct tM Prop�ty if th�Prop«tY
<br /> ts vacant or ab�nda►ed or th� loa^ is In d�fauh. LB"der ^�ay t� reasonabU actlan to protact �nd pr�rve such vac�nt or
<br /> abando�ed Prop�'ty. 8orrower shaU also be In detauR A Borrow�r. during the loan appAcatlon Procass. yave m�terlaMy falss or
<br /> inacauato htomvUon or statam�nts to Undar(a faiNd to provlds Lendw wkh �ny material {niom►�Uon) in oco�:�h�
<br /> toan evidmced by ths Note,inck+din9,but not W►rhd to,reprosentatlons conc�nk�9 B°R°W W�h thc�a vislcns ol th� Nas�. N
<br /> p�incipal r�sMenca. B thk Sacu+ilY I�strument Is on • I�as�hotd. Bortowe► shall comP�Y
<br /> go�rowa�acyuins i�e title to th�Pcoperty.the k�s�hold u�d tee title shaY not b�m�ryed unl�ss Lr►d�r �y�ees to tha mePge►In
<br /> +Kti�np•
<br /> 6. Cl�arqas to Bo►rawa' snd Protoction of Lsnd��'s Rl�hh in th� Pro�rty. Bo�roww sn� wy �
<br /> yovwnmw►ta! a munidpal chary�s, fnes and impos��tions ttwt are not irciudad tn Paresraph 2. BoROrx� shaY pay th�
<br /> obY�iions on t1m�dinctlY to 2he antitY whlch is owsd the paym�nt. If tailun to pay woutd advwsNy aHect Lendw's hterasi In
<br /> th�ProDKA+, ��-�►da's reyu�st Bortower shatl prompUy fumbh to Lender nc�iPt+evid�ndny thes�pa)�abnts.
<br /> B Borrower tais to make th�ss payrtwnts or the payments rpuMed 5Y PangraPi+2•°r� i°�a'�'r'm'�'Y oLh:»cavr.^.snts
<br /> �d���cn�nt�contained y�thls S�curiiy lnsUument,or thue Is a feflal procesdin9 that tr+y sigri'�a^�N attact Lend�r's Kghts In
<br /> - th�Propa'tY (such ns a procs�dln9 ln bst►wuptc�,!w ccndermafio�or to enforca laws or reguialio�s),then Lender rtwy do and
<br /> - PaY whatwK kc �ecessarY to protact the value ot th� Property and Londer's�hts in the RopeRy, inctudir.8 PeYment o1 taxss,
<br /> iward insurance and oth�r kaos mmUon�d h Paraqraph 2.
<br /> My amounts dsbursed by Under under thls Parsgraph sNaY become an addiUonal debt of Bortov►vr and be seciued by
<br /> thfs Secu�ity Instrument.TAese arnou�ts sha9 bwr Intr�st trom tha date oi cAzbursemertt at tlw Note rate.and at the optio+�of
<br /> l.�ndw.shaY be irt�»diatNy►dw�r►d WY�.
<br /> T. COtfdbt�tlat1o11. The proc�eds ot any award or daYn tor clamages. dtrect w eonsequentla! h cann�ctlon �►rth anY
<br /> condamwUa�or other t�kinp o1 any part of th�Properhr, a fa conveyance in place ot condarx�ation. are tureby assiynsd and
<br /> shaM be paid to Under to the �oCent oi the tuq amount of the hdebte�►ess Uwt ramains unpa3d u+�kr the Note and thls
<br /> �ec�ty��sUunwnt (.ender shall apply such proce�ds to tha reducUon o!the Indebt�►ess under tAv NotQ ond Ws Securily
<br /> Instrumen� frst to �ny daGnquent arr►ounts aPPli�d in tha order provided in P�rapraph 3. and then to praps►yme�t o1 prinapal.
<br /> - {1r�y app6caUon ot the procaods to the prindpal afiaN not wQOnd e►Postpone ths dw date ot tha monthly payrnents,whlch are
<br /> = retarad to in Pangnph 2. or chanpt ih�amowti af sucf� pa}i�s..~�t�. My rxcass Fi�° ov�r an amount nquirad W pay aii
<br /> ouutar+dny indabtedness w►da sn•Noss and Uas securitv Instrwn.nl snaR tw pald to uw entit�r�N ontid.d tneroto.
<br /> 8.FNf.Lendw may coNsct tees and charyes wthorized hy tha S�crNary
<br /> 9.Grounds for Accoloratlon of Debt-
<br /> i (�) p�fauft, Lenda may, excapt as Wr►ited by regulaUans lswed by tho Secretary In the case of payment de4aufts.
<br /> � r�quic�etm�adiata paymont in full 01 aA sums securad by thls Security Instrumari if:
<br /> u� p�E3ortower defaults by ts�iGng to pay in tull any monthy payrtwnt rF�uired by this Securiry InsWment pdor to w on
<br /> tBe dua date o1 the next monthly paymen� o►
<br />_'� fi)Borrowa dafaufts by taiLny.tor a period oi thirty days.to pedorm any other obligaUons contained in this S�ecuritY
<br /> tns�ument.
<br /> (b) S�a Without Cradit Approval. Lander sha11, if permmittted by applical�e aw and w�th the prior�pprov�i of che
<br /> Secrel�r�,require immediate payment in full af a!!tho sums secured by this S�curity InsVument if:
<br /> . F5813.LMG(5/95) Paqe 2 of 4
<br /> 960N
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