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<br /> � � �!l�7��71►us�L�r�oe aM QIUet CY�e�. Boavwer shail i6clude iu ac�mae�tilY PRY�•
<br /> � �o�elha.rid�tbe pdacip�l�mle�est�as set fatb iu tbe Nwe.aod�uy ta6e c6ec�es.an�of aay tU nxes aod -
<br /> ` specW�iaviedar w be kvied apinst tbe Ptope�ty.(b)ie�mebold pgY�pr�'wed cenes vn dm Ptopnty:aed.
<br /> (c}p�por�nt tar imwr�occ iequ�cd bY Para�+Ph 4. � �'
<br /> - -Fxh�Y�for items 4�?,@?.����s�ll equ�i.a�c�t�el8h�.,the aq�al�mau�,as tKaantbb► --
<br /> e�by Lmder,'Pas au amouat wf�cieat to n�nWn�e add�tionat bdance of mt moot tb�n aoe�si�qh o�tbe �
<br /> rstierMed�arounts. '!be fhll amoal,�maot for e'ticb item a6�li 6e�ccua:uL�ed by Lender wiihir.a period�d'a�,mc '
<br /> ` moo�h 6efane�u item�rouW bccome deliaquent L�ender shalt hold tbe maomus colloeted'ui uust to p��nems Ea).{b3 aed
<br /> - (c)6efae�e�hey 6xame delioq�ent. � -
<br /> ff�t ary tiore t6e total of 4�P�Y��held by Laidet for i�ema(a).(b)aa3 tc).�ogethe�wit6 i6e fi�e�y
<br /> p�y�aKS For aucA itdas paYa6le w I�end�er Prior w We due dares of such itnus.exceeds bsr mae ttw�one-sixth the
<br /> est�oed�no�nt oP paY��N�� Y�l�ms wbat dne.aod if p, ao t6e Note�e cuRrnt.d�a►I�mder
<br /> smit ddrac iefo�d�be escts4 aver�oE tbe�p�ym�t�or��oess over ono-sixtA of tbe e�qod ' -
<br /> psymeat���P4Y�5 bY Bortowa,at tbe aptiat of Bortower. If the wtal of tbe payments made b!►8orruw�er
<br /> fa ilem(�).(b),as(c)is�fi'xx,at m p�y ihe item when due.then Bamwer shall psy to Lender m►y�rwaat aecessary w . �
<br /> matc ap tbe�eficiencSt aa Qr Gefae the d�e the item b x o c n e s�e.
<br /> AS used ia this Securiry L�trament,•Sa�+etuY"meaas,tLe Secntuy af 1�ousing a�b Ur6an DeveIopn�t or Lis ar 6er ..
<br /> desi8roe_In any year in which the L.rnder must pay a matgage insofance pRmiwn w tAe Sa�retary.each nwiahly payrt�u -
<br /> sbaU also wclude e'stbee (i)an inuaD�nrnt of the annu�l martgsgc insur�ace prcaiium to 6e paid by 4eRder tn the
<br /> See:dxy.o'(ii)a mootHly ci�rge i�tead of a mo�tgsge insu�anse premium if this Seconty tas�nunent is 6eld by the
<br /> � See�eacy.Eacb moatNy installtnent of the mortgage ins�uance prentium si�aU 6e�in an�nwutu safficient to atcumulate tbe
<br /> fuU aoud mo�tg,�e�aove p�emiom rvith I.ender a�ae manth pnar to the date the fuil amual maetgage insur�nce
<br /> pnemium is dne w d�SecKtasy:or if this Securiry Inurument is held by tde Sectetary.eac6 m6nthly chu�e sball be in�n
<br /> — amoioit aNsl to ane�iwelRb of onefialf pe�ra►t of tbe outstandia$PrinciPn[baranct due an the Note. � -
<br /> :. ' IEBoaowec tmders to I.eoder the full p�Yrt�ent of all sums sahued by this Se�urity Lisnamen�Boaowers accaunt , - -
<br /> =-T:- sbaU be c,neditod with the 6atar�ce cs�naining for�11 In�Wnents for iums(a).(b)and(c)and any mortgage iasur�nce —
<br /> p�em;am iasc�t6nen►tfiac Lenae.nas n«exome obl�gatea to pay io rhe secnewry.ana t..enaer sr,all pmmptty refuna any —M__
<br /> -_' � excess fuM.4.m Sonower. finnediaoety prior to a forxiosure sak of the PtoperEq ot its acquisipat by Lender,Barower's .�__
<br />- � accau�t sbill be ciediud witb any balance remaiaiag for all instalhnents for iums la).(b)and(c). �
<br />=-i: : 3.A af P�ymeab. AA paymeatsunder Patagtaphs 1 and 2 shall be applied by Lender as follows: �--�----__
<br /> ". ' to the mortgage in5wrance pnemium to be paid by Lcnder to the Secatary orw the monthty cf�arge tsy tUe —`�
<br /> �'.• Secretaey insu�d of the monthly mortgage insurdnce premium: ��"a„
<br /> _,_ . $�,to any taxes.spocial assessments,teasehold payments or gro�nd reuts,and 5ce.flood and wlkr hazard ---
<br /> '�` �����under t�'he Note: �
<br /> :'=i�r �.t6 tntecest due .
<br /> �,ta anwnization of the prirjcipal of the Note: —
<br /> �(�,W late chuges due under d�e Nate. ---
<br /> - 0. Ffr�Fiood and 016er Rasud Insaranca Borrawer s6aU insure ali improvements on the Praper�y,whether now _--_
<br /> _ .i in existerice ar subsequeatly erectecf.a�amst anY Haiards.cas:�alties.and cQnt'tngencies.i�dud��e.fos which Lender —�—-
<br /> � � ��•� iequlres insurance. This insurance sha11 be maintained in the amaunts anQ for the periads that Lender n;q�es. Barrawer -
<br />' f'- slwll also insuro all improvements on ihe Prope�ty.whether now in eaistence or subsequently erected,against loss by floods ��'-=.
<br /> � _- to the exunt requind by the Secretary. AIl�smazi:e shall be cartied with companies approved by l.ender. The insurance ���-�",
<br /> '' ' �� policies and any renewals shall be hetd by Lender and shall include toss payuble clauses in favor of. and in a fortn `�""':-
<br /> - - ��: �cceptable to.Lmder. `,. `, •. .
<br /> � In the eve�of loss,Borrower shall give Lender imm�diate notice by mail. Lender may make proof of loss if not • `�"�``
<br /> - „- .�: x=
<br />� '_; made promptly by Borrower. Each insurance wmpany concemed is hereby authorized and directed to make payment for � . -
<br /> ��� such loss dir��ectly to Lender,instead of to Borrower and ta L,ender jointty. AA or any part oi the insurance Qmcoeds may be �':{� ` °�":-
<br /> ° - app I�eO by I�ender.at its option.eithcr(a)ta the reduction of the indebtedness under the Note and this Secwity Inswmertt, g.�' . `'T�` -
<br /> �rst to any dellnq�uent amo�mt�applied in the arder in Faragraph 3.and then ta prepayment of principal.or(b)to the = ' � �_
<br />-:•�- nestantian or rcpau of the damaged property. Any application o�the proceeds to t h e principa l s ha l l not exten d ar postpaae ! � � „, s;=._;;
<br />. . ~`= the duc�ate oi the monthly paymer.ts which are refemed to in Pa.ragraph 2,or change the zs�uunt of such payments. Any �• " :-
<br /> _ eac.ess insurance procuds over an amount requireQ to pay all outstandin�mdeDtedness tmder the Note and this S�urity �.` '``-"•:
<br />.•� Instrument shall be paid to the entity legally entitled thereta. � -• : '
<br /> � � ln ihe evcnt of forcclosure of this Secpriey Irstrumeni or other transferof eitle ta the Property th�e extinguishes the •:�'; � _;''
<br /> �' indebtednes.c.all righ�tiUe and interest of Boaower in and to insursu�ce policies in force�haU pass to the purchaser. �'°^�'!��
<br />_ ' �_; f
<br /> . f. S. Occupancy. Prtservation� MAintenance and Proteetlon of the Progerty; Borrower's Laan Applkatlon; :,;_
<br /> ew
<br /> , l�olds. Barrower shatl accapy.establish.and use the Property as Boaawer'�princ�x+l residenco within s�xty days =�.'--;,:,,.
<br /> , • after thc execu@on af this Security Instrument and ghaU cantinue to occupy.the Property:s Sorrower's principal residence , :_.�";••
<br /> far ae IeaSt one year after tha date of occupancy.unless the Secretary detertnine�•ch�s requuement will cause undue hardsfilp . .
<br /> - for Bomawes.or unless 0xtenualing circurristances vaist which are beyond Sosrowerti control. Borrower shaU nodfy •
<br /> � � ^ � Lendeta of any extenuating cjrcumstances. Borrower shall nai e�mmit was;e or destray. damage m substantially change . � � ,
<br /> . , '''.
<br /> -- - ',-:_ the Praperty or allow the Propeny to deteriorate,rcatianable wear and tcat excepted Lender may�aspect the Ptaperty if sE;e �_ _.,_
<br />,• Pra{�arty is vacant or abandoned oc the loan ls in defs�uis. Lender may takc reasonable actio�to protect and preserve s�ch
<br /> ;�_' vacant or abandoneA Property. 8ranower shall plso be in dcfautt if Horrower,during the foan applicatlnn ptvicess.gave • .
<br /> ' matedally false or inaccuratc mfosmation at �tatements ta Lendcr (�r i'ailed to pruvide Lender wi�h any material �-
<br /> = r'�: � information) ln ronnection with the loan evideac�d by�he Nntc.including.6ut not limitcd to.reprCSent�tions conceming �. �'
<br /> . - � Harcowerb oceupancy nf the Praperty as a prirciFai residrnrr. IP Ihi�5ecurity tnctrumeqt is an A leasehafd,Borrower shall . . . .
<br /> comQly with thc pravisionr of the fease. If Banower acyulres fce tittc to thc Property.the tcaschold and fcc titte sh�ll not � � •�,;.
<br /> � be merged unless i.ender asreey ta tho mergcr in wriling. �
<br /> y.:.•.. 6. Chs�rgeg to$oHOwer�nd PrMecUon nt Ltnder's RiRhts in the PropeMy. Banowcr shall pay all govemtr,ental • :
<br />� ;,;=--�; ar municiyal charges.tines and impositiuns th�t�re nnt inetuded in P�uagrs�ph 2. 8orrower�hall pay these nbhgation�nn .
<br /> � °F��`�'=��*`f- dme dlrectiy to the entlty which is owed the paymem. ii f�ilurr to p�y wauld adverscly affect Lcndcr's intrmst in thr � •
<br /> -� .�,.'rMJ•` i '
<br /> �_ - ,�"�i�,��,:,: Aropody.upon LenQer's requpst Bnrrower shrll prnmpdy fumi.rh tn Lender rereipts cvidencing thcse payments. � �
<br /> -• ----- — ;;,..::...,-�.�;-'' - If filarrower faiis tv rirafce il��r Xrayme��c,�►il� �ray►�teni�r�c�uiru��y Pasagraph 3.ar t'x3lx:a perfeerts �.�y Utlier
<br /> - � COYEIWtlt9 8t1a ments c�Yrincd in this 5ccurity lnswmcnt.�r thcrc 1s a legal prtxeeding Ihat may yignific:u�lly affei:t ; �f .
<br /> � ' �� Lcnder's rights n the Prupeny(such ay v prviceeding in bankruptcy.for candcmnation ar ta enfmcc laws or rcgut��ions). i
<br /> ,-' -. �;.,;,:_:,'�'- then ixnder may do and pay whatever is necess�ry to protcrt thc vatue vf thc Properry�►►d l.�ndrr;right�in the t�resperty. � .,.
<br /> , including p•ryment uf taxey.h;�r.�rd insur:ince nnd other items mentianed in Parugraph 2. , ,
<br /> • �:.��w My amnunt�d'isbursed 6y Lender under thiy P�►ra�r:�pb�h:�11 hecame:ui additiunal de6t af Bonower iuid be serured � i
<br />, , � .� "�=�4 �a`�� •� by this 5ecuri�y tnstrument. Tf�ese:unwnts sh�ll beur mtercst from the ds+te of disburscment,�t th�Nutc ratc.:uid a�the ;
<br /> .. �--.,_-:,�-.:__-.. csption of Lender.sh�ll be immedlafely due sui�ayuble. - `
<br /> . 7. Coedemn�Nae. The praeeeds af any awaid or ciaim far ciamages.dimtt or canseyuentiaf.in com�ec�ion with miy .
<br /> ' � �": rondcmnation or other taking of any patt of the Propeny.�r for ennveyance in place of condcn�rw�ion.:ue herehy as.rigned ' .
<br /> ,` ' == . .=-� asict s�1l�ps�w t,emter tu the extea!vi she!'u!t snui�uni�t slte 1suTebt�tsee.ss�that teanatQ�uQpaid�snciea the Ne�te�std tt� . t ---_-_
<br /> � � •�� Security Instrwnen� Lender shal!npply such proceeds tn the reductiun of the indebtedness under thr N�te nnd this 5ecutity f
<br /> � �. - tnsWment. fust ta atfy deliaqueat amowt�uppiied in the c�rder provided in P�.uagraph �. and then to prep�ymcnt of �
<br /> ' • ' ' ' pritieipal. My apptirution of thc pracercis to the prinrlp:il s6�il1 not extend ar pastpnne the due d:►te of the monthly
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