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<br /> ��- _��...__,.'_�� �,; ` _ , . . : . ` , ` _ . ' . , +. _�---- ., .. ' .. . ' . � .
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<br /> ' ak de t�b]i����i�a�e l�io�����tbe priocipal a�ad ia�a.. ,
<br /> . Z �N7�s d'lt�se�►l�wr�a ai tHier�r�n.�$oerowa sbaU inclade in each monl6tY P�Y�►. . .-
<br /> � • w�etbet�vidt tbe praiciptl��nd inta+est as'aet fath in t6e Note aei�y t�a�ae charges,aQ msrallmmt uf m�ts)n�[�s aod .
<br /> � specW astes�eats leviad a tu be kvied�tl�e Ftopetty:(D3 k�s�W P�Yma�1s a grauKi�s a►tbe RuptrtY.an�
<br /> � , fc)P'emiuc�s for ia�u�noe required b!►Pa�s�sph 4. • . , �
<br /> g,�ch mootWy_i�nll�eot fa items(ak(b}�od(c?sl�tl eqaat aoc-tarelfth of ti�-amaal aneo�mts,as rasaa�blY
<br /> es�mM�,,at,,., l,ea�lei,ptus an afno�t sut'!'icient to maindrin�ait� addiuoo�I.fi��hCa of not mo[c�n aac-si�dh�t�c ,-- -
<br /> - ------- .- - ••,-�v��.=.:c ar-sat�:i�s�!�:acsme�at�tt�-l►�_I.entl�sxid�iq_;,pesiod�"'t:n.nne - _ _
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<br /> AfRMTI�0[E�11ldR WdOb�000IIIC�111Q11C�1� �11�Ct S�i�Z�I�C�CQ��OCf�111 liYSi[O�1�C01S(�)s(b)�
<br /> (c)6efae tLey bocame deWtquent. held Laida far items(a).N)aad(c),oogethe�vrith t6e fimu�e momAty
<br /> U st aey time me ca�i of d,e p.y� b�►
<br /> ... prymp�ts fa such�tients p�yabk W Leader Pria io:tbe dae dates of snch itans.exaeds by tno�e thm aoe�siuth ibe
<br /> - -estnn�led amount of P�Y��N�top�y suoh items w6en doe,and if paymeats on t1�e No1e atia curtaA,tban I�oder
<br /> sf Wl atba refmd the e�xs ov.er onas�xrit of tbe est�mated p��nknts a cesdit tbe exaess over aao-si�cth of tbe a�imued
<br />- . p�Ym�ts tn su�oa�t PRY�bY�rower.at the option of Borrowa. If the taql of ihe payments made bY Bo�mwer
<br /> for itaa(s).(b�a�(c�is inwH'xient to pay the item wben due.then Boimwer si�all pay to lrender u►y amo�u�t nooescu�t to
<br /> -� maice np d�e deficiencY an ar befa�s tbe d�ue tNe etem becames due. �•.
<br /> As used in sbis Secunty InsuurtKnt,°Saroetary°means the See�etary of Housingard Utb�n D�welapmeut ac dis a hes
<br /> = desi�e In any year in wldch the Lender mustpay a moitgage jns�a�nce pr�emium ta the Secntagr.e�ch monthlY P�Y�t
<br /> n
<br />_- shsll ilso include eiti�er. (i)an inst�Jtaunt of the annual mo�tgage iasurance pemium ta be paid by I.ender ro t1�e =_
<br /> = . • Sec�tuy�or(u�a manthty c'�as�'.insteac'o f a mcKga�e inserancc�emium if tbis Security Iast�ument�s hetd by tue —_
<br /> -_ Socnet�ry. F�ch mond�Iy installment of the nio�tgage,asu.�x p�.:mium s h a l l i�e in 9a a m o a n t s u f f i c i e n t w accumWate tUe - -
<br /> f4U annwi me�t�e iasut�nce P�nium with Lendec are mamh.pria to the date the full aannal matgaBe in4ura�e -____-
<br />_= pemium is due to the Secrnary;a tf tlus Securicy Insdrument is hetd by the SazetarY•each monthly charge shaU be ia�o �
<br /> _- _ . �equal w aae-tweIfth of aac-Iwlf penceet of the art�n8 p�inciP�l balu�e due on drNate. --
<br /> =-- If Bormwer tendeis w l.eoder tde fuU payment of aU sums secured 6y this Savrity ta�ument,Basower�s acconat ' � �-�._
<br /> siwll be crodited witD the balance temaining for aU inst�llments for iums(a).(b)and {c3�daay mortgage insur,uue ���,,
<br /> `���` • � p�emium instaltrnrnt that l.ender has not become obligaud to pay to the Secretary.and L.endtr s1�a11 prdmptly nefw�d anY r r cF... :_
<br /> _ - e x a s s f u n d s t o H o R Owu. Immediatei y p►s a s.m a foneclosusz sale of the Firoperty a its acguisition by Lender.Boirower's �,:�::'�°�:,.",:.--
<br /> • account shali be ciedited with aay balaace rer�aininS for aU instailmeats for items(a).(b)and(c). . . --
<br /> ..� 3..AppNaWon of Pl�yn�eats. All payrtjents���P bBraP�ra�nd�shal�l�orto ti e montWy eharg by the . ._, °' °:��
<br /> � �,to the mott$88a ms�rtanco Prem Y , _r.:___=;:� .;
<br /> _ Soczetary instead of the monthly mortgage insurance premium; '.� �,; . i�.,. ''`�'
<br /> . �,to any tases,s�ecial assessments.teasehold payments or ground renis,and fue,itood and other bazard , .,��,;:':'
<br /> •: p�emiums asrequircd• '�` ��
<br /> " �Q,w inte�est due urKler the Nae; •��k?"'�'i�
<br /> . `y EQ,��,w amortizaGon of the principal af t�e Note; .�. '--•.-'.�
<br /> �,to t�te c�rgea due under ihe Nvte. � ��;.�
<br /> ' •;`-. ' � �."Fi�F'bod a�thher Nazard Inaranca Borrower shaU insurc all improvements on the Pcopecty.wbetlxc aow - `,.-.,,�
<br /> in existence or subsequendy erected,against any hazards,casualues.and contingencses. including fire,for which Lender ` -;.•,:j�Y..: -
<br /> .;:�:;:,��.�• ncNins insurance. Ttiis insurance shaU be maintamed in the amounts and far the periads that Lender requines. Borrowet � �.:�,.> _''_�
<br /> " ��� s h a l i a f s o i n s u r e a l l i m p i a v e m e n t s o n t h e P r o p e t t y.w h e t 6 e r n o w i n e x is t e nce or su b s e quentl y erected,a g a i a s t toss by f�oads �
<br /> _ � . �'��' to the extent required by the 5ecretary. All insurance shall be carried with compames appmved by Lender. The insurance ,
<br /> � „�,,.;:,�...;. :- policies and any renewals shall be held by Lender and shall inciude toss paya6le clauses in favor of,and in a foem � ,,�_`
<br /> .r�. . ,L.._., acceptable to.Lender. ,. ,,:��
<br /> r � In the event of loss.BoROwer shail give Lender immediate notice by mail. Lender may make praof of loss if not . -._..
<br /> •� , ' made pcomptly by Borrower. Each insurance campany concetned is hereby suthorized and dincted to maice payment for �,-__
<br /> such loss d9re;ctly to Lender,instead of to Borrower and to i.ender jaintly. All or smy part of the insurance pr,oceeds may be . _
<br /> i
<br /> 't�..� app tied by Lender.at its optiot�.eithcr(a)to the ralnction of the indebteAness under the Notc and this Sea:rity Instcument, .' _ -_ .-
<br /> ;: - Y:;� • G r�t t o a n y d elin quent amoun�5 a p ptied in the order in Paragraph 3.and thea to pnpayment ot'princi�+l,or(b)to the . � ,�.�,�-Y_
<br /> �t�_��- : nstoratlon os repa�r of the damaged property. Any application of the proceeds to t he prlru��1 s h a 1 1 n o t ea ten�or po s t p a c+� f ,,.�,;._
<br /> . �• : _�>��:Y. the dnc date of the monthly payme��s x�'hish are referred ta in E�ragraph 2.or change the acs.�unt of such payments. l�escy k ; ���-- -
<br /> � excess insurance praceeds aver an a.-nonnt requu:d to pay aU outstandins indebtedness��r the Note and tfils SecuFay E , -�`�"°
<br /> Instrument shall be pa:d to the er.tity Tegally en'tct'ed thereto. � • ,�•s
<br /> In the event of fareclostue af shis Secarity lnstrument or other 1r�sfer of title to the Property that catinguishes ihc _=
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