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<br /> 1. l��e�t rf TeMctrl,L�1ee�#�i y.t1e CYr�t.�Horeowet ab�U pay wAm due d�e priacipd'ot,aqd�nlae�t adi. '
<br /> � tht`debt nv�denoed 6�r d�e}�iaAe a�d la�e cl�ses firc und�rthe I�t61a. . . :.
<br /> _ t MMIYJ Nl���73u�es,�rra�ee a�tk�er� Bar�er atpU ineWde in ad�montAty paymear. � .
<br /> : .Io�edKr�b t4e Peiu�iP�aad'mteeest aa set fath in the PTae�nd cba�es�an i�a0meet ot�ny(s)wca�od
<br /> u¢
<br /> < <�pecial�krkd ar to be bvied aaaiffit d�e PwpRty.N)k'�payments a�a�d ra�an t�e Pkopt:ty.ynd` �
<br /> (�)P'e�wms for io�aaoe zequire8[ry Pa�s�raph 4. _ .
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<br /> -- ___ _ _._-.-,__.Facb moothl_�fa itea�s(a)..(b)ied ic)sha!!a�ua!ane-tw�eUde of t6e so�iil amaunts:�s rea�aasbiY
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<br /> � atim�ed fma�ots.' � fuU amual amot�at fa aic6 item sli�lt.be usamui�ted byr L,ender within s periad andint e¢e ` � -
<br /> monh 6d'ae an ite�w�a�ld batiau detinquerM. I,eoder sball hold th�anounts colkcted in uuu w pry it�ms(a),(b)and
<br /> • (c�befae tl�ey Uecame delir�uent '
<br /> � If at any�time the totai of tbe paymeott hW by I,eaikr fa iteau(s),tb}and(c?�with the fiau�e nw�thly
<br /> psya�ta fa�snch i�ems pay�ble tn�.eoder piac:to the.due d�tes of s�ch i�eems.excads hy mone t6an aoo-sutb tLe
<br /> e�mtled amo�aK af PaYmeats ioqumd mpsy such ieeau whm due.aod if p� an t6e Noie ne cucrrnt,tben Lajd�er
<br /> sb�eitber refimd the excess aver are-sutG af the eswn�te8 payments ar c�exoas wer aee-sixth of the estirtnto�
<br /> p����P�Y�bY Bo�mwR.at the optiai of Harnwe� if die w�al of tbe paymeats made bY Bamwa
<br /> - fa ilem(a),(b),a(c�is'ms�"icient to pry tbe iteta wlrer►due.sheo Barmwer shall pay to i.ender any�moant aa�ess�y to -
<br /> ' � mal�e ug t6e deficie�cy on ar befae tUe date tbe ioam bxoe�es due.
<br /> � As used in shis Sauritp Instr�ot�nt."Sec�eta�y"mans tUe Sa�t�Y of Havsing aad IIrbaat b�welopment or Iris or�er
<br />--- .. desiauee.In any yar in which the Lender mustpay a mo�tgage ias�,•��•p�emione w the Socnaary.each maathiy psyment _
<br /> __ �11 also include eid� C) aa ins�llaxnt af t6e aanwl mortg�ge insurance premiam w be�p�id by Lender w tbe
<br /> - SecntuY,ar(ii}a manthty rharge instead of�t matgage u�penuwn if this Secunry Insaument is 6eld by t6e
<br /> _ - - Sacroiary. E�c6 maothly mstallmeat of the mottg�ge inw�ance pemiom slrrll be in an amount su�icient w accwnatue the
<br /> - full�anwt matgage ins�uaMe pemium with l.ender one.month p�ux to d�e date the fu11 a�rtual mortgage inw�suue � -
<br /> - peemiam is dx w thc Sec�y:a if th�s ty Insttument is luld b�►the Sa�etary.each monthly cl�e s6ai1 be in aa ' -_--------
<br />-~- - smoant eqwF w oAo-iwelftb of ont-half�etrea�t of the o�tst�nding princ�pal 6�nlu�ce duc on the Nota � -
<br /> = ' If Bormwer ta�de�s w Leuder tlre full payment of all sums secucai by this Socurity Instmment,Boaowa's acrouat -
<br />-- _ st�ail be c�edited with the balaaa nmaining for all instaltments for items(a),tb)aud fc)and any mortgage insurance —
<br />- • pnmium i�tallmrnt ttwt i.ender has nat becane obligated to pay to the Secntaty.aad Lender shall P�P�Y��� '�'�- _°
<br /> = access funds to Bamwer immediately prior.to a faaeetosune sale of the Prope►ry or its,acqvicition by Lender.Bprmwers '��',�.��-''�
<br /> 6e cadted with ari balance remzif�in for all instaltments t'or ium+(a),(b)and f c). - � �^.�"�
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<br /> accauit As�lppl�ad'o�otA�ya�eaty9.All paymenu u der Prragraphs 1 and 2 shaA be applled by Lender as foflows: ,� rt- ,
<br />� , �j$�,to the martgage insurance premium to be paid by Lender ta the Secretary os ta thc montlily charge by ti�e ""�*J
<br /> �=�-`s"-==��
<br /> • . ` Sccntaty instead of the montbly martgage insurance p�emium; . . . ,,�..
<br /> �,to any taxes.special assessments,leaselwW pa}rments oc ground n�nts,and fire,f�ood and oti�er hazard -��._�
<br /> �su�anee piemiwns.as�quu�ed: -'=��' .__.__
<br /> - �Q$Q,to intereu dae urder the Note;� _ ��
<br /> {i'� _
<br /> • �$(�,w amu�tizatiion of the principal of the Not� ,�'���y
<br /> �j�j,w tate chargec due under the Note. ���:�::--
<br />= 4. FIr�b7ood sod�tl�er Hazard Iasuneca Bonower shaU insure all impravements on the Fraperty.wlkther rtow i�"��-��:.
<br /> .�,.,.,.
<br /> in e�stence or subsequently etrcted.aSainst any hazards.casualties,and conringerkies.inciudiag f�re.for which Lender :' !:•�:;,�;_.;
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<br /> tequit�es insu�u�ce. This insurance shal�be maintained in[he amounu and foi the pertods that Lettder requues. Borrvwer ==-�'•-_:
<br /> . , S� shall atso in.s�ae all isnprovemettts on the Roperty,wheiher now in eaistence or subsequently emcted,a4��inss by floods .' i''� � �
<br /> to the eatrnt irquired by the Seccetary. All insnrance shall be carried with comparues approved by Lender. ��surance -
<br /> � � ., policies and any ienewals shall be held by l.ender and shall include loss payable clauses in favor of. and'� a form ; -..' '
<br /> acaptable ta�.ender. • .. .
<br /> .z. In the ec�nt of loss.Borrower shall give Lender immediate notice by mail. Lcnder may make proof of loss if not � ,, ,-
<br /> �' '.,�. made prompt�y by Borrower. Each insurance company concemed is hereby authorized and direcced to make payment for
<br /> s u c h I o s s d�n.e t ly to L e n d e r,ins t e a d of to Borrower and to Lender jointl y. AI!or an y paR of the insurance p r a ceeds ma y bc .
<br /> ' �pp lied by Lor�der.at ita option.either(a)to the reduction of tha indebtedness onder the Note and this Secuiiry Irtstrumenti ` ' -
<br /> � • " frat to any delinquent amounts applied in the order in Paragraph 3.and then ta prepayment of principal,or(b)to the . • . _
<br /> • � �'.�� restoration or repair of the damaged property. Any application of the praceeds to the pnncipal shaLl r�ot extend or postpone -
<br /> "1:;. tl�e due date Qc the momhly payments which arc referred to in Faragraph 2.or change ihe amo�t uf sucb payments. Any '.
<br />' •,. � excess insur.;n,:e pracecds over an amouct required to pay all outstand�ng mdebt e dness under the:�Fote and tliis Sccurity
<br /> . ltrstrumest[sFt;'l be.paid to thc entity tegally entiticd ti�ereto. ' � - �
<br /> � ln the ev�nt of forectcr�ue of thia Security Insuur.ient or ather transfcr of tittc'to the PropeRy that eatazgi�ishes the
<br />_. indebtedness.�:1 right,titie ard interest af Harrower in ac«i to i�surance policies in force sh�ll pass to ihe purchaser. . ,"''r�.��.-
<br /> � 5. Ooa�pancy, Preservation, Maintenance and Protection at the Property; Borrowe�'s Lam Application;
<br /> - Leagetal�:- �atrower shall occupy,establish,and use the Propertg�8otrawer's pnncipal residence within sixty days - .-
<br /> .:5� after the exa�*.ion oi this Security Instrument and shall cantinue tQ uu.:.-�y the Property ms Borrower:s principal resldence , .. �
<br /> foaat leasri�year afterthe date of occupancy.unless�he Secmtary Qetertnmes this reyuirement will cause undue hardship '
<br /> . ' f�r Boaoxer. or unless extenuating circuinstances exist which are bcyond Barr��cr's control. Borrower sh�ll notify ,
<br /> • `��`�.,_�:,� . Lenders of any eatenuadng circumstances. Horrower shall not comm�t waste or dcstroy.damage or substantially change •. . . -
<br /> _ _ ._�_.;� the Ptoperty or allow the Propedy to deteriorate,reasonable wear and te:=r excepted. Lcnder may�nspect the Prapetty if the __ _ ,
<br /> `p�,t�v�;� Property is vacant or abandoned or the foan is in defautt. Lender may tatce reasonable action to�rotect and preserve such • _ _
<br /> � -f r�j'"•�t� �'; vt�ant or abandoned Property. 8ormwer shall also be in dePault if Borrower.during the loan Gpplication process,gave � �
<br /> �'' materially faise or inaccurdte �nformation or �tatements to Lender tor failed to provide Lender with any matenal .
<br /> • �'' �-��' ' infom�ation)in cannectlon wlth the loan evidenced by cite Note.inclu�:r.;,but nac!irnited to,representations mn��eming �' ,
<br /> � ���" °`n" Borrower's occupancy of the Property;�ti�principal resiCcnce. !f thi,Secur�ty Imtrc:�ent is on a leasehatd.Borrower shall
<br /> �.,Y�:.::.. . .
<br /> ' arr;.�p�;. compty with the provisions of the lense. If Borrowcr acyuires fcc titf4 to thc Praperty,thc leaschald and fce tittc shall not f ' •
<br /> +,�i��_,;.., be merged unless Lender agces ro thc mcrgcr in writing. f
<br /> 4 6. C�arges to 8orwwer and Protection of Lender's RighEs I�n the Peoperty. Borr�wer shall pay u11 govemmcntal ( � • •
<br /> �� � � or munici al char eg fines�nd im �ucuns thut arc nnt inctu�icd in�:sa ra h 2. Sorrowrr tihall a �hese obL ation�un � .
<br /> .. . -�,;-.:�-:• � _ p g .. �,.. K P PY S' .
<br /> '�•_-- . - time directly to the entity which is owed the payment. If failure to p�ay wou�d�tiersely s�i'fect l.ertders interest in ihe '
<br /> � ;;� :�;,�,.., ,`, .� Yroperty.upon Lender's reyuest Borrower shsill prnmpUy fumish tv l.cnder rrccipts e�idcncing thrse�,ymenls. E
<br /> • �+r � !f Brnmwer[ails to make these p�yment�ur the paymea�v reyuired by Parsgr�tph 2,or i�ils tn perform any other � '
<br /> � ,�;`���:• � covenants and n�reements rontained in this Security Instrumem,nr there is a legal proceeding ihat may significantly affect j
<br /> , ' �. �. �^,�. Lender�right�m the Prupeey(cuch aa a praceeding in bankruptry,far candemnation or to enforce laws or regutations), j
<br /> _ _r : '� , then Lender may do nad pay whatever is necessary to prutect thc vatuc�f thc Pruperty atn�f Lettder's tigltts in the f'rupeAy. _ :_
<br /> � , lnciuding paymenl of t:uees.nawnf insur•u�ce and other itrms mentinnc�!in P:uagraph 2. i
<br /> • My amounts dlsbursed by l.ender under this P"ara�raph sh�l!berumr:u�additinnal debt uf�arrowrr;u�d be scrurcd ;
<br /> , � . by this 5ecurity Insttument. Thesr:imounts shxl!br:u mterext from the datc nf disbursement.�t thc 1Vntc r�tc.and ut thc ;
<br /> � ' ' i aptian of Lender.shall6e immediatcty due and payable. � �
<br /> • - . • • 7. Coedemeatbrt. 'IYte pra'eeds af any uw;ud or clrtim for d:im�ges.ditect or ronsec�uential.in rannection with any '
<br /> � ' .� cnndemnadon ar other taking oi siny part af the l�rnpeny.nr fnr cnnveyance in place nf condemnadon.:ue hereby:�ssipied '
<br /> ' ' � and shall be paid tn Lender to the extent di the full:unount uf the inQebtedness th:tt mmains unp�id under the Nnte nnd this ' � t� ' ,.
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<br /> `_- --�:�._- 5e�ority instrtanent Ex»rFer sict�l appty su�fi proreeds tv ihc reduetimr nf tSie imtebtr�fnrss under the�ivfic:u�d dtis 5a�urity ;-: -..-. -'°'-
<br /> � ' lnsttumeet.fitst to any delinquent amounts applied in the order prnvided in P�grnph 3. :►nd then tu prepayment nt
<br /> ' .. ' principal. My applicadon of the ptoceeds to thr prinsip�l shall nm cxtcnd or postpone thc dtte datc of the monthty ;
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