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<br /> _ , - .r i�i�a�.:f L.ie c� Ea�s�ll p.,►��e�,p+rcdcipe of::a�i�a�� . ` .
<br /> ie d b r oed b�t�aob I�le c6ttsa du�uoder die No�e. ` '' � �
<br /> � 1Kwqd�M���'�.i�a�oe atl Ofier t7p�r�i Baza+fver sd�inctude i�ac�n�t1�1Y F�Y�•
<br /> Iop.yYer wit6 t6e peinc�ql ard i�eeest as aet fafh in t6e Na1e and�ny tita chargea.ao L�IMxot of any(a)taxea ard
<br /> �`. �ecW�kvied or ro 6e leviod rg,tinac dre Pmpeny.(b)leaseLotd paymcats os graand rena on the Haperry.�nd
<br /> , _ (c�PemMans fot io�ce t+equited by ParaEr�h 4• �
<br /> �mond�ly itaalhnp�t far items.Ia).@)aod(c)ataU equal ano-twettih of tLe wnu�aawuats.as�ari�biy
<br /> est�ed by l.eade� us m+�mouet suffcirnt w maint�in an additianal 6�laree of aoE mora than one-si�th of We
<br /> �ed amaa�s. '�fn1E�amow�t for each iiem shall be aaa�maiatod by I.arder aritdin�period md'm�aoe,
<br /> monh bdace�n ileal would beoome detinquent. .Ler�der shail hold the amamts ootbcted.in tn�st w pay irems ts).(b)a�d .
<br /> , (c)betae t�.y baeome delinqueoc. ' •
<br /> It��ay t�c t8e total of tbe psymeMs held 6y Let�der for iteros(a),(b��d te).mget�er with the futuce moolhly _ .
<br /> < paymetMS for aucb items ptyaMe w I.ender priar,w the due dates of such items.taceeds by mo�e td�a aoasixth t6e
<br /> ptu�ied amouot of Prya�ents requ�ed�w pax�items w�due.aId if PAyments ao tUe Note at�e caneat,tben I.eader .
<br /> __ �Il eitber nhud tL�excess aver ixth�ibe�payma�ts oc ctedit the euvess over oaasiztit of tbe�sti�a�ted
<br /> ��P�Y�bY Boc�nwer,at the option af Bcxrowa. If the wal af tbe paymrnts m�de by Bor�nwer
<br />-- a ikm hk(b?.a(c)is uu�"icia�t to psy tLe itan when&�e.dirn Barmwer shal!pay to Lender any anwuat niecessary w
<br /> m�ice up tbe deficnt�.gr an a befae the due the itaai 6ecomes due. �
<br /> =_ � As�sed in this Secariry L�ument,"Sa�ecary"means the Socretary of Housing aifd lTtban Deve ar dis arher
<br />-- daiEnee, m�ey year in which the L.saae�masc pay a matgage iawnace premiwn w tne secnetuy.�mo�hty wr��
<br /> - ah311 also roctode eil6er: C)�u a�l�x�t of the annual mactgage iaso�auce premium w 6�p�id by l.euder to the
<br /> u
<br /> 5ecrenry,ar fii)s monthl�ciwrge iastead of a rtwetgage uuurance paminm ff this Sec�ty Instria�nt�s beTd by the
<br /> - SecKtary. F�ch a�anthly inualLneut of the mortg�ga insara�e pmnium shaU be in an amamt suf�'icient w acxumulate the
<br /> ' � fu11 amwl mortg�ge insur�nce pemntm with Lalder one moath prior to,the date'`tbe fiill artnual mortgage insmance
<br /> -' � premimp is�e to d�e Sec[etary:or if this Savnty Iasuument is I�eld by t�e�Secntary.eaci►mauhIy charge shall bt in an
<br />.:-= aeto�mt a�ual w a�e-twelith of one-lalf petrent of tbe o�ustand'wg princip�l�due on ehe Note.
<br /> <:
<br />_-' _If Saropret�ders_to Lendet tbe fuq paymsnt of aU s�uns secunad 6+�.tt�is Savrity Instrumrnt,Bomawer's accoant
<br /> sMU be c�odited with the bsl,�nca�nulg for aU u�en[s for ite�:(a�,(b��id Ccj aad any rtarigage insunace =,
<br /> ' pen�ium ir�nt diat Lender 6as nat beoane obligAted to pay ta the Secretacy,and i.ender shatl pranptty tetund aoY --.
<br /> . eu�ss fw�ds to Razawer. Immediately prior w a fancTosw+e sale of the Pmpe�ty or its a�{.aisiaon by Lsnder.B�rrowerk l'��.
<br /> u ss
<br /> ' account sht116e aedited witb any balance cemaining for aI{instaliments for itea�s(a),(b)�te). ,_
<br /> .-_ � 3. A of Pltymeata At!paymen�ts aader Patagisphs}und Z sha116e�appliM by I.ender ac foitaws: - � _
<br /> e ts
<br /> �. ' ' ° to the martgage mswance p�emiwn ia bc paud by Lender to the Sa�etary or to the monWy cfiarge by the =
<br /> .i:;' ��y instead of the monthly moRgage u�surance pcemwm; �"��:';�—
<br /> �,to any taaes.speciai assessments.leasehold paymenu or ground rents.and fire,flood end other haaacd :'���'-:
<br /> - insur�nce premiums,as�q uired: ' ` ' . `_
<br /> �;. � �Q,to mtenst due ut�der tt�e Nat� . ` . . .
<br /> _ �Qj,[g��j,w amortiza6on of the principal of the Nate: • ' ��-�'.
<br /> �.w late charges due w�der tAe Nae. ` �r�,�`,;`r-
<br /> � - 4. Fi�I�7ood sad Oiher Hazard Ias�uanea Bormwer shall inst�e.�impravements on the Pr�perty.whether now ;�4,,,��:;._�
<br /> - in exLttence or su6sequently er�ectai.against arry fiazaMs.casnalaes,and eomingenctes.inc1uQing fine,for which Lender �;�., �-
<br /> - aquins insurana. This msur•uuc shall be mainta�ned in the amounu and for the periods that Lendei=itqwres. Borrower ~"' ?.�.'�,�.�,;,:,.�
<br /> r- sbaU afso insut�e ali impovemenu on the Property.whetlxT now In existence or subsequentIy�rected.against toss by ttoods ._•;.-�51'.;
<br />- '��:- � to the eatent aquined by il�e Secretary. All insurance sAall be carried wit6 companies approved by Lender. The insurance . . __
<br /> �� policies and any tenewals shall be heid by Lender and shall include 10.�QayAbte clauses in favor of, and in a form - -
<br /> acceptabie ta,l.ender. -
<br /> � In the event af toss.Borrower shall give Lrnder immediate norice 6J-mail. Lender may make proof of loss if not . _
<br /> made prnmptly by Borrower. Each insurance company concemed is Rereby authorized and dimcted to make gayc�e�for ,
<br /> _ sucb loss directly to Lender.instead of to Borrower and to Lender joindy. AIl or any part of the insurance procee�s�.g be . __-
<br /> applied by l�ender.at iu aption.either(a)to the reduction of the indebtedness under the Note and this Secnrity Instnrmen� ' ' - -
<br /> � first to any delinc�oent amaunts applied in the order in Paragaph 3.and�!-.en to prepayment of principal.or(b)to the = _
<br /> nstotation or repau of the damaged praperty. Any application of the prace�to the princ�pal shall not e�tend or postpone , � , '
<br /> the due date of the monthly payments whuh are referred to in Pnragraph 2.or change the amount oP such payments. Any
<br /> - eaces.g insurance proceeds over an amount required to pay ap outstandmg indebtedness under the Note and this Security - , • ;.�:
<br /> [nstrumenl shall be paid to the entity legalfy entitled ther�to. =-
<br /> " in t11e event oF foreclosure of this Security Instrument or ather transfer af title to the Ptoperty that eatinguishes the . •
<br /> • � �_ indebtedness.a11 right.title and interest af Borrower in and to insurance policies in force shall pacs to the putchaser. �, . =-
<br /> ��� - 3. Oecupancy, PI'!5lTVAfIOR, Mainteeance and Pratectlon ot tfie Pcopeety; Soerowe�'s Lo�n ApplicaHon; T
<br /> • : . L,e�,teholdt. Horrower shall accupy.establish, and use the Prapeny a.e Barrower's pnncipat resldence within slaty days • , . �--
<br /> - .::,:�; afte�the exeeution of this Secudty Instrument and shall continue to occupy the Prapeay as Hnrrower's principal resldence ,
<br /> • � �:"�. • for ae least one year after the date of occapancy.untess ihe Secretary determines�his ayuircment wip cause undue hardship .
<br /> r• for 9orrower.or unless extenuating circutristances exi�t wFi�:h are beyond 8orrawer's contral. Borrawer shall notify �
<br /> . . .-;�,�;T.��. l.cnders of an y eatenuatin g circumstances. Borrower tihall r�c�commit waste or destray.damage or substantiAlly change �
<br /> ��'�� '_�'�:- � ' '4 the Property or allow the Property to detcriarate.rensonabte wear a�d c�are�.�eptcd. Lendcr may�nspect the Roperty if the �� ,
<br /> '�"�` • . . Praperty is vacant or abandoned or the toan is in defAUtr. Lert�eT m.,v ti:ke rea�onable�ction to proteet and preserve such . '
<br /> '._�: __ � r V3C3(Il Of 8I73t1d0I1Cl�P[OPCTt}�. Barrowec shall also be in def��'e it Burtower,during the toan application process,gave i=.____� __
<br /> �-'� � .i t� matedalty fatse or inaccurate mformation or statementc co t,ender (ar failed to provide Lender with any matenal
<br /> • {���� infarmation)ln connection with the loan evictenced by the Kote.including,but not limned to.reprcsentations conceming .
<br /> ' ' '��i;�;•`;.�... ', Borrower's occupancy of the Pcoperty as n principal residence. If this Security instrument is on a teasehotd.Barrower shafl . � ,
<br /> � `: '.'k�,-�:"•�;;,;- ;; comply whh the prmnsions of thc leuse. 1P Borrower ncyuire�fee title to the Property,thc Ica�ehntd:rs�d fce ti�lc�hall not .. . .
<br /> ' �„;.`::;�;:� be merged unless Lender agrees ta the merger in writing. •
<br /> • ' �; ��;:• 6. Charges to Borruwer aed Protectiun ut Lende�'y Rlglttw in the Praperty. ge�rcotiver shall pa5�Il gavernmcntal f '
<br /> �`�•'> '• �• or municipal chargeg,finey su�d imp�sitions th�t are nnt included in puagraph 2. f3orraaer shall pay thc�e abl�gations on { �
<br /> ' '"''' time directly to the entity which is owed the paymem. if failun t�pay wouid adversefy affect Lender's intereu in the ,
<br /> ' � ':`�%����• Property.qpon Lcnder's•request Borrower shall promptly fumish ta Lender receipts evidencinr these pa}irz��nts. : .
<br /> " If Borrower faiis to make thcse payment��or the payments reyuired by 1'�:uagraph 2,ar fails tn pert'nnn any othrr i
<br /> , =;s�"'�!--, . '- COVl,pB(1�9 8I1(�8gree��nas contained in this Security lnstrument.or therr is�teg�il proreedinfi that may srgnific:sntly affect 1 ,
<br /> •-,, Lender�s dghts In perty(such as a pmcceding in bankruptcy,f�r c�ndemnatinn or to enforce tawq or rcgWation�). � • ,
<br /> --•�-�-•----�•--- then 1.endei may do and pay whatever is necessary to protect the value of thc Propeity:�ad Lcndrrs rights in the Piruperty. ; • �
<br /> ' inctuding payment ot tvtes.h�arcl insur�utce and uiher itema mentinneJ in Puragt:�ph 2. .
<br /> -• � ' � My amounts disburscd 6y Lenderunder ihis Pani�raph thall become ati additional debf of Borrower and be xecuted - ? -
<br /> ' , by this 5ecurity lnstrument. Thcse amaunts shs116ear mtetest Prom ihe date of disbunement,at the N�te rate.and at thc �
<br /> ' � optian of�.ender.shal!be immediately due and payablc. . i
<br /> . " 7. Coedemeatine. 'ilie proceeds af uny pward or cl�im for d:unagesr.direct ur ransequenri�l,in rr►nnectinn with nny
<br /> • � condemrratlun or o�her taking of any part of the Yropetty,or fi►r cnnvey�nce in pl�re of rondemnation,are hereby acs�gned
<br /> end shall be paid tn Lender to the extent af the futi amaune of the indebtedness th�t rcmains unpazd under the Notc and this
<br /> _,_ , ` � . Securlty lnswment. Lender sh�I)apply surh prexeeds tn the redncNun of the indebtedness under the Note and this Srcuriry �
<br /> ` ' �-- �nsuut�estt. €�ta atty dcl' atacw:tts agpticd:s 8�tsrdrr pcur#ded in�craph 3.:utd ltteu s�pss-�syteten!cst -.
<br /> - --_•-
<br /> ' . . �� . ptincipal. Any appliratlon o the proceeds to the princiQ�1 shall no� extend or.postpone the dut datr of the manthty u� � ,
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<br /> ' . � lpuRe 2 ofaruqa„ _ .
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