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<br /> �6".. "���� l.OAN NO. 1 5 3 9 ? 1 19�D __
<br /> �.P.ym.rn a��nc�a�,inc.r.a a„a�.i•cnaro.. Borrower yhall pay whet�due the principal oP,g�a u,ce�e�on. __
<br /> ttw dabt�vkiancad by ttu�Nate a r x i ta te c h arges due u�.+e r t h e N o t a. _
<br /> �.Y:.r�ihty P�}msr�of Taxes�la��c�,artd OthN'�Iw�N. k3arowa�shall In�lude In each manthty �-
<br /> peymeM,ta�ether w�h tne p�lnc1�,!arxl Ir►te�'est A�sat f�rth in the{Voie and any tate charqey,a sum far(a�t�xes and 4
<br /> sp�lal a�tessment9levled ar to b e lovied a�alnst tl►e P�operty, (b)Ieasehuld paymants or pround renis on the __
<br /> P�opotty,and(c)prwniurns ior insura�icd iayulia.�u�i:.:i'a�p�r:.pl::.Ir�.;ny S°,,:s!r�ti:'h!ch!he Le�c1e�m�ict nay e `
<br /> mort�etya Insurance premu.�m ta ti�a Secratary of Housfng and Urban Development("Secretary'),or In airy year In whlch �
<br /> 6uch�retnium wouid t�ave baen requlred ff Lender stYl held the Sacurity Instrument,each monthiy payment shail aiso �
<br /> Include�ithar:(I)a sum for tta annuaf matqaQe b�sttrance Premlum to ba paki by LEU�der to tho Secretary,or(ii)a c
<br /> monthly Cltalrge u�siead aia rnarigapt��+uuraiw-v�v-,����"th��ecutity lnstn:m�*.!s hs!d by the�c:rwtary.in a �:
<br /> r Qe:on:b!e emour.t to be detetm�ned by the Secretary. Except tor the mat�thly charye by tho Secretaty,these�etns 1�'
<br /> are calted'Escrow Items'and tha sums Id to l.e�de�are calted"Escrow Funds.' F�
<br /> Lendar may,at any time,cdlect and�hold amatMS fcx�scrow Items in an aggregate amount not to exceed the -`,_
<br /> maximum amount that may be�equlred ipr Bonower's escraw account under the Real Estata Settlement Procedures
<br /> Act of 1974,12 U.S.C.9 2601 et seq.and ImplertseMin�reyutations,24 CFP Part 3500,as they may be amended from =-
<br /> time to t�me("RESPA'�,except that the cushbn or reserve permmed by RESPA for unanikipated disbursements av �_
<br /> disbiuseme�ta bafore the Bonower's payments are ava�ilabie In the account may not ba based on amotults due ior the _
<br />• moriga9e tnsueance pre�-nlum. ��
<br />- If the amounts heid by Lendor for Escrow ftems exceed the amou�ts permftted to be held by AESPA.lender shall
<br />- deal wtth the excass furkis as roqutrad by RESPA. If the amounts o'f funcis held by Lende�at any ti�me are not sufficient
<br /> topa�►the Escrow Items when due,Lender may notify the Borcower and require 8orrowe�to make up the shoRaqe or _
<br /> deficlerticy as pem�ttted by RESPA. �
<br /> The Esc�ow Funds are pledged as additional security tor ail sums secured by this Security Instrument. If Borrower 4
<br /> iD���:��;��.*�fi�!��,�r,r�n}au s,u�h s�uns.8orrower's account shall be cred�ed with the balance remaining -
<br /> tor aU Instaliment items(a!,(b),and(cj and any mortpage Insu�ance;semlum insto�!tment that Lender has not becomo =
<br /> obligated to pay to the Secretary,and Lender sl►aU proml�lY�efun�any axcess fun�s to Borrower. Immediatdy prior to -�
<br /> a foredosure sate of the�rope�ty or fts a ulsUbn by Lender�6a�sQ�►er's account shaU be credfted withh any balance _
<br /> remaiNny for all instaUments tor ltems(a)�b),and(c).
<br /> 3.A -�i�ia.��"w�.�a:P.�y1nLi:lO. A!!p3yme!►is�:!+.��'c»pa�s��c t �i 2 shall be applied by Lend9r 3�tdloWS: _
<br /> FI T to the mortgac�e insurance premlum to be pald by Lender to the Secretary or to the monthly charfle by the
<br /> Secretary Instead of the mo�thty mortgage tnsurance premfum;
<br /> SECOND,to any taxes,speclal assessments,�easehdd P�Y���9round rents,and fire,floai arul other hazard
<br /> insurance premfums,as required;
<br /> THIRD,to Intetest due u�der the Note;
<br /> �QURTH.to amoRizaUon of the princlpal of tha Note;
<br /> �„'T�,to late char�es due urxier tt�e Note.
<br />- �.Fin,Flood and Othw Hazard Inwranc�. Borra�er shall Insure aU Imp►ovements on the Property.v�aiher -
<br /> now tn exlsience or subsequet�Uy erected,agai�st any ha�rcls,caseratties,and e�tingencies,induding flre,for whlch
<br />- Lendar requires insurance•This tnsurance shaU be malntalned in tle�a�ounts arxi for the periods that Lender�equires.
<br /> Bortower shall atso fnsure a!1 fmprovemeRts on the Prope►ty,whether now In existence or subsequently orected,
<br />- aQaGut loss by tivods to the extent requked by the Secretary.All Insu�ence sF�aN be carried witt�compaNes approved
<br /> by Lecxler.The in.surance pc�llcfes and any renewals shalE be held by Lender arx3 sEsall I�dude loss pe►ya5te c�auses In
<br /> favor ot.and tn a fonn acceptable to.Lender. �j
<br /> t�i Zi'A V tP.�M�vwf p/w�=uer c�1�11 shlA�PrM�Ar�t�)TiYIL�iR fl0T�08 bV Ii13�.�6f1�A�111aN n18�t@ Qf00�1r�SS�flOt
<br /> made�xoR►�y r�►sorrower.Esctt Insurance company corssemed is horeby at�lho�ized and cl�ectec!to make paya�►t . _._
<br /> for such loss dkecUy to Lsnder,lnstead W to Borro;uer and to Letxler Iotntly.Atl or any part of the tnsura�ce proceeds
<br /> m a y b e a p p l l e d b y Lende�,at its o p t lon,e�her(a)to the reduction of the i�debtedness uetider the Note and ti�ls Sectu�y
<br /> Instrument,first to any deUnqueM amounts appUed in the order In Paragraph 3,and then to prepaymeni of princlpal,or
<br /> (b)to the restorAtbn os repafr of the damaged prope�ty.Any appUcatlon o�the proceeds to the prtnctpal shall not
<br /> extend or postpone the due date d tt�e monthlY Rayments whlch ar�a refeRed to in Paragraph 2,or chanQe the amouM
<br /> of six�payrnenta qny excess insurance prooeeds over an amount cequired to pay aU cx�sstasndlny Indebtednsss under
<br /> tho Note and thJs SecurRy Instrument shaN be paid to the errtiry leqauy eruitled ther�o.
<br /> In the event of fore�dosure of thls Secu�ity Instrumer�t or otfier transfer of tMe to the Propeity that extln��ishes the
<br /> � U�debtednes.s,al!�ht.tdle and lntarest of BoROwer irt and to tnsurance polictes tn fons shadl pass to the purctsaser.
<br /> 5,pccuqncy�Pn�vatio+�.111aint�nana aed Protectlon ot th�Prop�rty;Bomow�'s Lan Appitcsticm:
<br /> I.M�eQ�otds. BcxroMrrer sBall occupy.estabUst�.and use the Property as Borrower's princtpat reside�ce withtn a6d�r days
<br /> - after the execution d this Security InsuumeM and sf�al{contlnue to occupy the Property as Baro�wers princtpal
<br /> ' resldetx:e for at least one year after the date of occupancy.unless the Secretary detertntnes this requlremeM w1!cause
<br /> undue har�dshlp for Bar-ower�or unless exter.uating ckcumstances exlst whkh are beyond BoRawer's cattrd.Bonowef
<br /> ; shad!nal'dy Lenders of any extenuatiny c(rcumstan�s.Borrower shall not comm�waste or destroy�dama�a or
<br /> , substaMially change the Prope�ty or aUow the Property to deterlorate,reasa�abte wear and tear excepted. Lender maY
<br /> � (nspect the Property ff the Propetry ts vacant or abandoned or the loan is in default.Lender m8y take reasortiable adbn
<br /> � to pro2ect and preserve such vacant or abandoned Property.Borrovrer shaU atso be In defauit�Borrower�during the
<br /> loan applbatlo�proces.g gave materlaUy fatse or Inaccurate fnfors�o+�or statemerus to Lender(or failed to provide
<br /> Lender with any material IrtFom�atbn)tn connectlo�withthe loan e�+idenced 6y the Note�indudinq,4ut not Iknited to,
<br /> ; representatbns conceming gorrower's occupancy aF the Propetty as a p�dgaf�eslde�ce.(f thts Securityy Ir�stnunent ls
<br /> : on a leasehold,Borrower shall comply wwithh the provlsiorts of the lease.If Borrow�acqulres fee title to the Ptopetty.the
<br /> - leaseho(d and 6ee titte shall not be merqed uNess�.ender agtees ta the merger in Mrtking.
<br /> _ 6.Cha��s to Borroww and Prot�ctlon of L�nd�'s Ri�hb in ttw Prope�ty. Borrower shall PaY aA govemme�n�1
<br /> = er rtwnbtpal charges,Hnes arid Imposttbns that are not Induded in Paragraph 2.Botro�wer shall pay these obligatior�s
<br /> _ an tim�dtredly to the eniity wtiSch ts a��ved the pay�ssent If fabsue to pay would�siversel�affecx Lender's IM�est fn the _
<br /> - Prope�ty.upon l.snder's requesi go�rower shali Prom�tfY nim�sfi to Lender rece�pts evi�e�►cing fi�ese pa �� �.
<br /> If Borrower fails to make these payrnents or the payments requlred by Paragra�h 2.or faYs to pertorm any other
<br /> W�+�enar!�s arxi agteernents conta(ned in thls Sectttdy Instrument.or there(s a legal proceeding that may signiflcantly
<br /> affect Lenders r1gMs in the Property(such as a procaeding in bank�uptcy,for condemnation w to enfarce taws or
<br /> regulaibns)�then Lender may do and pay whatever Is necessary to protect the value of the Prope►ry and Lerxler's
<br />= rghts i�the praperty, tncluding payment of taxes,hazard insurance and other dems menYwned in Paragraph 2.
<br />-- My amounts dis�ursed by Lender under thls Paragra�h shall become an additlona!debt of Borrowar and be
<br /> = secured by thls 5ecurity InsVUme�tt.These ampur�ts shall bear fnterest from the date of dlsbursement.ai the Note tate,
<br /> and at the optlon of i.ender,shall be immediateiy due and payabte.
<br /> � 7.Cond�nfMtion.The procaeds of any award or daim for damages,direct or consequential,in corsnection with
<br /> any condemoation or other taktng of any part of the Property,or for conveyance in ptace of condemnation,are hereby
<br /> � asslflned and shall be pald to Lender to the extent of the fuU amount of the ir►debtedness that rerna(ns unpald under the
<br /> Note and this Securiry Instrument.Lender shall apply such proceeds te the reduction of the�ndebtedness under the
<br /> i Note and this Securiry Instrument,frst to any dei�nquera amounts applied in the order provided in Paragraph 3,and
<br /> then W prepaymerit of principal.My applic�tion of the proceeds to the p�inclpal shall noi extend or pustpone the dus
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