|
�� /i.• S ,: i y 7 i .�El-;.' '��t. .d�_
<br /> .,' a`Jl,}:ilJ(ti:.i1�`A'�i+in{'2 .4� : ..xiaYZ-.:ka.:�z•�.;.,��u.v..w.v..:us4ci.w�+.+..�: � . . ..,. ...,........ ._ .:•... . ..
<br /> �� 9�.�.. �.�3��� -
<br />__ 1. A�m�ent otTtlnttp�l�lnitrtst�od LtAe Ch�=e. Hurcower slieil pry wl�cn dao tta princ(pal oi.and inlsrcit on,
<br /> _,,, RaRSt�avtde�xcdby�hottaeNAlacecl�gcsdusurtN.riheNaa
<br /> 2. Monthty p�ymenis oYhzts,Inwr�nce pnd 01hrr Clur�s. Dorrowcr shatl InNudo In exch monthfy p�ynxm,
<br /> tobwlKr witb tho pdnci�l snd Inkrcst u set fonh in tlie Nae�I any In�o chnrges,an Insulimem of nny(�)tuas and
<br /> ;;,�-�� specint nssessmcNS levied or to be levkd agalnsl tho Propeny,@)I�auhold p3ymcNS m gro:md rcms on tho Tropt�ty.md
<br /> (c)promtnms tnr Insurnnw requircd by Pungmph A.
<br />,;;,�„y F.ach momhty Insulimom tor items(n). (b)nnd(c) shall eqnel one4x•elRh of tl�o nnnual nmoums, as rcawn�Wy
<br />......- estimn�al by i.ender. pIus an ama�m sufOcicm to maintaln an ndditlonnl batnnra of no� moro Nnn ono-sixlti ot tlm
<br /> -- --- admnteJ nmounu. Tf�o fidl Tnnual amoum tor cnch Rem sliaii bo eccumula�eaf Uy i.cndcr within�pedoJ cnding ono r --- � �
<br /> month betww an Irem would becomo dclin�ucnt. I.cndcr simll hoid tha�nonnts coliatw in tma�to pny ttcros(a),(b)nnd
<br />�_z'� tc)�fc:ee?xyC.-cemodtltnqurni. -
<br /> ZF at any rimz the taul oi t6c pnymrnts Mcld by Lcr�b:r for ireau(a).(b)ar.A(e).�ogeitrer wi�h�ho fmnra monthiy
<br />�`_�='�Y payuuau fa such(tems Qayabte �o IxnAer Qda to tt�e dce d;xtes of svsh[tttrc�s.exeexds by moro tliu�onasixch the
<br />���.?�g est[�evr.ced amovr.x of paymenes mquirtd to�ay such ikms vrtun d��e,arvS if QaXmr.nts ua d�.n:Noto aze ainea.t,t�':rt t.eert�c .
<br /> r
<br /> -� stmti eitMr refiwd tiie excess over on:sixth of tne cstiacxtr.t paya�rau a crrd�t tP::rze�+s o��er cce•sixtR of d�ese4a=ted
<br /> -,�x-' y�ynxr,u to svbs�v�entpaymcros by itarcovm,a at iho oFtian of i#onuwcr, i[tM 4ota1�f ilx pay�w.cts maQa by Ecemb'er . ... . . - .-
<br /> tos item(a),@),a(c)is insufFicirnt to pry tt�e m.^m when dna then iScrtavaer sh.alt pi1•�a Lrnder�ny amcunt rectssuy to
<br /> .F,�v� . rr,a4r.upthodefxicnryonorbeforuthu4:ee"✓:'vn.mbecoerr.sdue.
<br /> ".xg;e ?s used in thfs Sauriey Ins�mmem,'Seereiay"rc.exas Cu�:Secreury ok"H:wsi��mr Qfrban Development ar h'r:cr ker ,
<br /> , ��'s� .S�r�axt. tnanyyear(nwhiduhol.endermus�pxy among+�einsumr.cepremium�oC:rcSxrctxry,cachmonthtyyuyment .
<br /> �+�.y s:�t3: alau inc�ub:ciihcr. (q an instellm:nt of thc arumai mongxga insurar�c prcmium to bc paid by l.endcr to Iho
<br /> ,''r� &acsx;.ry,or'tW�momhly charge (nstext e�S a mongage insvrance pnl�ntam if�hts Seeudty Instn�czer.[ Is ixld by the
<br /> S�r�e�my. ��.',c�:�n.s�hty Ins�aliment of the awngage insurance prenilnm��ati be in an nnmunt sutficiraa�o accumula�e the
<br /> -� eLtt xc�wal maya-�e inxurance premiur����:� l.ender one month pria;to ihe dau�he PoII nnna:d c�atgage insuru�a ,-
<br /> � -�,� px�u4um is due ro the Secrwary;or if�his Security Instmment is Itdd by the S:crciyy.�ezch mamhl�charge shall be in an ;
<br /> _ ,�:- amountequaltoone•t«•elRhofone•halfpercentoftheomstandingpdncipalbalancedemn�heNo�e. ��.�;i;-
<br />�=�+�:i���' If 6orrower�enden to Lender the fuli ryn1ment of all wms uwn:d by�his Secucie� ^.r.c�ruman4 Oonower4 accoum �_-�.�,.r�-
<br /> --�; shali 6e cr.4i�ed wfth lhe balanm rcma:oiug For ell inslallments for i�ems(n), (b)na.l;c1 er.d uay mongage insurance
<br />�,`ri��,1.` premium tnstallment t6a�I.ender has no�Eeao.ur obligatcd a pay lo�he Secrctary.er.d ilxcakr shnU�:vmp�ly rcfu�✓J any _ _
<br /> excess funds�o Uottower. Immediatcly prk.r,ts a forcelosurc ule of�he Property or 1•s acquisitlon b�4.ender,OottowetL
<br />��'`�?'.'� accoum shall be crcditcd wiih:my balana rcmaintng for a11 ins�allmems for i�ems(a).(�F=+ed(c)• -^-_--.
<br /> -'ti 3�.��A�pplica�lon ot Payments. All paymems under Ri:.��aphs I nnd 2 shall Ue n;,.vied by l.ender u fol lows: �,� �-�.,
<br /> � �� I,iHS�.,lo�he motlgage fnsumnce prem(um�o be paid b}�I.endcr�o�ht Fecrciary ev na�he momAly charge Uy the c��� __
<br /> y,xf' Secrclnry irstcad of Ihe moNhiy mongage inaurontt premmm; .
<br /> S��,y D�P3 dilY 12AC5�special asscssmems,la�schold paymentscrge,uni rcnt5 er.d firc,fload and o�herhainrd �`!�-;
<br /> �r.� nsumnw prcmiums,as ru�uircd: �,�n�,E
<br /> `' T81P�,to ir,:tr-t due ur.,.;r.S:�":at; --
<br /> y�f f� [�(�,to amoniutlon of�hc pdncipai o(�hc Nor: �`�f i
<br /> nr?%N [��pj to Iate charges due unAer�hc Note. `) .'
<br /> -�?� 4. x(re,Fload and Olher tlo7ard Insuranm. Oortowcr shnil insurc a116nprorunents m ihc Anpeny,wlx:±:er now ���(�[ _---
<br />,,,}�ki}'f� In exis�enee or subsequemly erec�ed,againc7;r.2�ha�arJs,cacuah(es,and rnmingencles,includine{`i:e,for whech lxr.der �t}"}2r� ,_____
<br /> � tit rcqulr.s insumnca "Ilils Insurance shall be ms�xvxined in�he omoums ond for�he pedods ihat Ler�•��equires. Iloraower ��;-;;} , _.
<br /> ���°� sLall also Insurc all Improvemems on�he 1'ro�•ay,whethrr nnw in extsience or subsequently erected.ae.:�ms�Incs Fr flvds � �2 r- ��e� .,;,
<br /> SF ? to the extent rcqulred by the Secrctary. All msurance shalf te c.Med wi�h companies npproved by Lendet. 'Ihe inv.�rance ���F'{aj4� -
<br /> �{J .� llcla end an renewals shall be lield 6 I.ender nn3 sha!I include loss � nble cluuses in fnvor of, and in a fortn � �`'�Y t�i.ot`
<br /> P� Y Y PY R ,ly��
<br /> .-.�-�.. acceplable�o.Lender. -��f.ati�;�'�:�"5 '
<br /> � .,�<:i? In�Uc cvent of lou,�orrowcr shall give Lendcr immtdiatc notice by mail. LenJcr may maks;voof of loss if not if1��1�;��
<br /> --1C�. made prompIly by DoROwer. G.ch insumnce company concemed i.hen�h;amhoriud:md directed co make paymenl for � � �,r�a, y-'
<br /> S>'�i. such loss dfra�Iy to Lcnder,insicad of io Uortower anJ tn Lcndcr jain:S.. -ill or any pait of�hc instrar.ce praccds may bc �4�F��yf�'��P .
<br /> 'i�If applled by Lender,at i�s option,either(a)�o the rcductlon of�he imf:ht:,lci.ss under�hx NMe and�!:i+SecuNy Insirumen4 ''G fi�i�"i�f+t%-�
<br /> : � first to any delinyucm nmounts applicd fn Ihe ordcr in Paragraph ),and Ihen to prcp�.�mcr.t of yrincipal,or(b) to the ^�4t�-_, gq� _ .
<br /> ,y� n:stom�lon or rcpmr of tM1e dama�ed propeny. Any appiica�iun of�he ptccecds to Ihe y:in:ipif shal7 no�exlend o�postpone 4�h1�7���;;l�y, ''�
<br /> _.�1�� the due date of ihe manthly p�ymenis w?�ich xa rtferreJ to in P.vagra}v:,or change the amount oEc:�th paymems. Any ��y �,�t���7:��
<br /> excess insurance proceeds over an.moane ro.�.drcd ro pay all out�tar.da�e ir.debtedness under�he tot:and tlils Sauriiy E�s�,��}Yr
<br /> 'i�t=�� InstlumemshallUcpaidw�hecmitylegalty.miileA�hcrem. „'^�!L{1 �-„4'. �
<br /> i�, In�he evem of(oreclosurc of U�is Security In.trumecr.a o�h.r uansf.r of�iile�o�he!'ropeny�I�a�extinguislces�he �r�f tt�rr>n �
<br /> Indeb�edness,all righ6�i�le and intercst of Rorroner in a��c!t,meurance policies in fonr,h:dl pacs io�he purchaser. � <+j�"e�f�=;��h `
<br /> �'};�� Leasehokls��0onowePshallracu���.es�ablil�pandus�,thel'fo"n asDonovci�sr,rinc�'��alrestlencevuhnP�ie�t+�dans �z`��},b�'{t :
<br /> �.. P�' P� Y P P Y f f ,._1., -�_
<br /> Eti>v aRer�he exeewion of this Secumy nstrement and shall cuminue�o occupy ihe Propeny ax 6orto�+�ert principol rcsider.ce r „ .Y -
<br /> -�' for a�Ieast one car aRer Ihc da�e of occu anc unlcss the Secrcm dc�cm�ine�this ta uircmem wi�l cauu undue hardahi kc.�::, . "'
<br /> t;�:xj Y P Y. �Y 1 � n,�.n . �-.
<br /> - � for Borro�ver, or unless ext<nua�ing circurtis�ances exist ��hirh arc Myund fforcuneri mmrol. 6orro�ver sha11 6uti)' -��(����4?y , .,:
<br /> ---s_ �i Lenden of any ex�enuaiins circum+�incrs. Uorto�rer�hall no�commit wa��.or Jaimy.dmnage or subs�amialt} chaaFe ,�+ �`..- j�)��,,..,
<br /> --����� �he Propehy or allow�ht 3Yn�any lo dNeriorate.rcaxonaMc�ccsr and�car exapicJ. Lend.r may mspect�he IOopc2y�hhe ��yu ,t -
<br /> -a.�s�� IYopeny is vacant or abyidor.cJ or thc loan is in dcfaul�. Lcndcr may�akc reac�mab!c:�c�inn�o protec�and prcmnc mch -_y:.
<br /> r vacnnt or abanAnccd Prope�q•. Oorrouer�tall altio!r in drfauh if Itortm�rr,during�hr loan applieuion prwess,gavc
<br /> ,.�3��Y.:;# ! re.';: '.:
<br /> ._.,���� malcriallY falsc or inatturaic infunnaiion ut �IalemeNx Io l.cndcr (or failcd lo pro��idc LcnJtr ���iih any matcrial r. �:, �
<br /> infurmauon)in conneclion�ai�h the luan ea idenred by ihe Nox,incluJing,bm not timi�ed tn,rcprcumauons cor,irrning
<br /> ' i� P.orrowcr�oteupaney uf ihc Propcny aa a principal rc�iJrncc. If�hit Scaunq In.�mmcm i.on a Ira.ehold.Rn.t.°��r..`.all �
<br /> �:�� cenply wi�h the pro��isions of ihe Iea.e. If Ilorzmcer acquirc.ke u�lr in ihr Propeny.�h:Ica�ehold m�d fee i�.:,. J.r.av ,,� -
<br /> � h mcrgcd unless Lender agrcc�lu ihe mcrgcr in�mung. � :
<br />,:,r}' 6. Charg.:sfo Dorrm�cr and Profectlun of(.ender's R{glu.7n the Properl�. Iinrtm�er.t.,i7 f�..Jl gorcrnnunt.d _
<br /> - - or municip:':�..�FCS,finci anJ im�niiiona�h�l arc not inrlu'u�J fr 1'r.._'r.h 2. Unrtnwa�r.haG�.:: .^nc oFlfgalinm on .
<br /> -`�•�� lime Jirea:y c Ihe enliry� �chich i� m�id�he payme:n. 1f failnrr 1, c: �.;uld ad�endr affect Lcr.d.crn imerc.� m�hr � - -
<br /> 1`o�xiry•,u��n Lender i rcyve.t 6nrtoutt.hali promp�h I::mi.h in Lrr.i:c�rreip�,e.•!<r.cng�he.r�vymrm•. �
<br /> - 1(6ortox�cr faih �n rtaA:dx:.c pa)mcut.or �he �.�.axnn rcyuircd hr R:::.-r'. :.or fail.lo per(nmi am uthcr � ..
<br /> — mvcnants and agrccmcma rcn:�n d ia�.`,::$<curily In.lmno<n6 or�hrrc i.e ieg:d pa.:cAing�hat mo� .ignifiramh afk.t •
<br /> •_:' ' . .
<br /> ' __ �__A_.��:_4.. :_.1.�n.......... . ........�.....a....:..6...d....��., c..:..o.bn.....:.......�..wnL.,.n I:�u.nr rcoula��na.L [. . _ "'"
<br /> -` n .�,........... ....�,..y :'-:::.:.....�. �.,.....i. ....�...._..�.y..... ..._......_..... ._. .________ ___ ._ _� _ - .
<br /> 'tt,:: ... Ihtu Lcndtt may do and{v� wha!a.cr i,u::es.aq�to pmlcct ihc�aWt nf�hr{}i�r;ny and Lcndrr i righ�.in�hc 1'rn�rm. � . .
<br /> �;'.y?i; includingpaymcntot�a�cs.h.vardm�c�zn.eanJolheriicm.mrnGnnedinPangraph'_. •
<br />,��;y„�7�J� Any mnuunls d�sbuned by I,cnJcr undcr O�i.P.�ragraph.hall trcomc an add�oonal dcM of Uortoxcr and�r�ccur.t! f
<br /> '-. t�-�, by�his Sccufiy Ins�mm:m. Thcsc amoonis ,hail I,car imcrcv frn:n�hc Jaic�.(dnbuncmcm.a11hc Nolc r.ne.arvJ:n Qx t � .
<br /> .�.�+F.'ry oplion of l.cnAcr.�hali bc immcdialdy Juc anA pagahlr.
<br /> !:�°, 7. t'onJemnation. The pmcecJ.of uiy a�vanl or claim(ur da:nace..d:rca or con.eyucm��l.in.onne.iirn�.nh an.
<br /> condcmnanea er oehcr laking o(any pm�ef lhc Propen��,or for coa.e.an:e m pL�•r n(amdcmna��on.arc hemb� a..�gricd
<br />"=:14��:� and shall bc pxd W Lc�^.r lo�he exicm o(Ihe(ull amuunl of Ihe iidchcNM..�hal nmain.unp.uJ unJrr Ihc Note aW�hv.
<br /> ` i�t Seeuri�y�nswrtkm. LerM.r ehall apply weh pmeed.to U�e nduuoon of tix�n.5:t<eJne..unJer�h:Yote anJ�hi.Se vm} i
<br />-.�� 3.,�i}. Instrumcm, fit.l lo any u:tcrv{ucnl amoanis applicJ in Ihc otCer �mu!cJ�a fia:raph i. :mJ Ihcn to prcpa�nnnt .,t -
<br />�--�'' " prineipal. Any appiicacvm of chc prxcrJ� �n �hc principal �h�fl n:t ca«nt or p,.tpnne ihc Juc Jatc af�hc m.�ihl. �
<br /> ��'.
<br /> �
<br />' .. l4:�.
<br /> . • Y�" �N[r:.>!(�un.
<br /> ��.e... y'�-.
<br />
|