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<br /> a �f RE•RFCORDED t3�,'••"�,QCT�O�.
<br /> 92-�- �,�.i0(183 � _
<br /> I, p�rMent otPrineipwl,Inlerest and bole Clurpe. Bonnwer shall pay al�en Auc�he pdncip.t of,and imercat on. ---
<br />�--__= �}q�(g�y����6y ihe Nolo anJ Into chargts Sua uad�r th:Ho;e. -- - - -� -
<br /> — �. Ma�Ihiy p�Ymmis d 7kxts,InmrAnce and 01her CMr�ta. Borcox�er shall incluAe in each nwmLiy�ymem, _-- _—' -.
<br /> togaher wl�h�he pdnclpal�nd intercst ns su fonfi G�the Nae and any lue cAar�as,nn installmem of any(n)�n�es Lid —_
<br /> --= spctid usseumems Ievied or�o Ix levled ngniml tlro R'opetly,(b)leauhold paymenu m ground mnu on tiw Propeny,and `:�._�
<br />- (c)prcmlums for Insurenco requircA by Pamgnph M1. ,�,;,,-..
<br /> koch monthly In�t�llmem Por Items(a),(b) and(c)sM1ali equ�l.axdwdf�h of the nnnuai anwunts,i16 fC0S011AU1Y —
<br /> es�im��od by i.endet. �Ius nn nmounl sutlic(ent to maintnin an addnionul 6ainnw of nM moro�han one•six�h of tho
<br /> - a�imoted nmounts. 71u PoII annual amonm for cnch item shnli he nttumulnteA by I.esder whhia s p.r',a�endtng or.e , ___ .,_ _- -
<br /> - � momh botott an Itcm would 6ecome delinqnem. Lender shall hold iho nmounu wllec�cA in�nu�m pay Itcros(a),@)mcl
<br />-.;�� (c)Ixforothcybscomod:linqucnc c—.
<br /> -- — If nt any am.e�I:e toial of the paymems hcld by t.cndcr for items(o), (b)anA(c),toge�hcr with thc tuturo momhly
<br /> - payments tor such items payabie to Lender pdor to the duo dua of such hems,exceeds 6y moro Ih:m onastxl6 the
<br />-� estiraa;ed anwvnt of payarencs rcqulrcd�o y such irems whcn due,and if pa icnts on the Note are currem,tLcn 4cndtt
<br /> �
<br /> "--`= pa
<br /> ::---
<br />'=�7�� s6alt either refw�d ii:e oxcess over orx•sixth of�he enimaxed paymems or crc inhe excess over etteaixth oi itr�es�imatcA
<br />'-��'�' �yaxnts to se�equent paymtnu by Qio`rov�er,at the option of Oortower. If�he lotal of t[u p�ymects nvad:0y Borcou�et -
<br /> ` for item(a),@),or(c)Is insufFicient to pay tEr.item w[:en duo,then Dorcower shal l pay to Ler.der any ama:ne r.ecessary�o
<br /> � `� raake up ttie deticieacy on or LrCorc the da[e the item 6ecomes due. �
<br /> �-:� As nud in this Security Inswment,"Scerctary'rc.eans tlie Secrciary of Haoiag ar:cl Ufian 1\:relopmertt a t�is ot 1Kr �-.
<br /> J`--t designee. In any year In�vhicA>.te Lender mus�pay a matga6e insurance prcmium�o�he Secretary,each monid[y payrtkrtt
<br /> shall also t�rclude either, iii an ins�ellmem of Uw annual ntongage insuranca pmazium to be p�id by Lend�r�o�h� i.�-
<br /> ._�h'�x�i,� Setrz�ary,or(ii)a qionthiq ch3rge instead ot a mongage Insurence prcmium if this Sccurity lnsttumcnt Is heid by�he y�r-=-�
<br />-';^': Sttn;Mazy. Ex@imontMy 3nc�ailment of tl�e mongage insuranco premium shali be in an amoum suff'xfeN lo accumulale Qw . , .
<br /> -5�' Sd1 annuxl n:o��gnge ins�+nnce premium wi�h Lender one momh prior�o the dare �Le PoII annual mongage Insuranco �1�"-t = _
<br /> �`,`j� fr.:mtum is d�x w�he&ccce:x.;or if�his Sceumy Inswment is held by�he Secretky.wch monthly chazge shull bo in a�� dr -
<br /> �nie ..
<br /> - y:r� a�nwntequal�oone•twelflhoFonrhalfpercemofiheoutsiandingprinclpalbalariceduenlitxNote.
<br /> -:i� If Bortower tenders to Lendei t4e F¢ll�pmem of all sums scturcd by�his Sz.s.•ss ;aammcr.6 Dortows�4 accoum ���, ��
<br /> shall 6e ercdited with�he balancr ccm.:nce2e tor all ins�allmenis for items (a).(bD»��i.1 aad nny mo�gxge Insura,:ce � � •���
<br /> prcmium InstallmeN ihat Lenclr Aas 1uc bxevne obligated to pay to Ihe Secre�ary,a�,!Q.rn:s thadl promptly nfund an� j r
<br /> ��� exeess Ponds to Oortow�r. 1m�r.edia�ely pnor lo a torcclosure s�le of�he Propeny or ies ncquiszian Dy Lender,Bortower sr`�,__;,-
<br /> �'Y�%� aaountshalltxicrediteAwithaoybalanceremalningforallinstallmenutoritems(a).(b)and(c). �
<br /> .;rt 3�.��A�p�pIlcatlon oFPs4�s�unls. All paymems under 1'aregraphs�and 2 shall be+�„litd 6y Lender as follows: r8;r6�' -
<br /> -f�y� [�K.y]:,to�he mongnge insurnnce prcmmm lo be paid Dy 4ender w Ihe Secretxy or�u ihe momhly charge Uq ihe 4t+5; t�
<br /> Secrctary Ins�ead of the momhly mongage insurance prcmium: t'i{{� ' : _
<br /> �����rt'�,) sr:co,yl�.to any�e�ces,spccial asscumenu,lcasehold paymems or ground ren:x,end firc,tlood and other hazvd � �°'�'���i,m, , r
<br /> - j Insurencepmmfums,asrcqulrcd: '�4 �'
<br /> !-,��S T}Jg,io in�ercst duc undcr thc No�c; _ st,,,;„..,-w�—
<br /> +�•-'�t- [Q J�gTjj,to amoni[ation of�he ptlncipai ot ti�c ivoic; / - -- - - -
<br /> ,i �r� �]RI'11,10 lete char�es A��e nndenhe Note. }'� ,�,�,�
<br /> ''- ��y 4. Fire,F7ood and�Ifier 3letard lncnrance. Donowcr shall Insurc oil impro�ementa on t`�e Ropeny,whe�her now ' ��{t��i 2rf,��� �_
<br /> In existence or subscc�uenlly crecled,leni�>I any hazafds,cuualtles,and comingenric.s,includ"s�te:ire,tor whith Lender i�t+r���xSt���f� -
<br /> -s�i rcqulrcs Insurance. 7fiis ineuren¢a sha!t Ce malnmined In�M1c orr:ounis nnd for�hc p.riods�hat l.cn�ar rcquires. Dorcower �J{ r�5 � ��Ys_-_
<br /> _r�;�;i: shall elso insuro ell improvemems an�he Propeny,whctlicr now In exis�ence orsubsequrNly ercc�cd,ngainst loss by Ooods ''��4'�si+«+..ss,.�.
<br /> +f.; s,t,vayi
<br />:;;-`1�;;fT ro�he exlent rcquired by the Secre�ary. All insurance shall be c.vried witli carepanirx approved by Lendee The fnsurar.ce ��. r„�)' ix.�,�..3�':_-
<br /> - polictes and any rcnewnls shall Uc held by Lcndcr and shall includc loss paya7lr ciauses in foror of,and in a fomi Y�)t ��'�u�� ,
<br /> : -i'�-� ececp�ablc�o,Lendcr. }g �T
<br />-'-"`=_�">t` In the evem of loss. Darcower shall give Lender tmmediace no�ice by mofl. Lender may make proof of Iws if not �/�5¢?���iw:�5����k`
<br /> ''t;, made promp:ly by Uortowee Each insurance wmpany concemeA is heceby ncihoriud md dircc�ed to m�ke payment for p�1s �-
<br /> , j.7 such loss dircc�ly ro Lender,iactead otro Qorrower:uid�o Lender joimly. All nr nny ptrt of�he Insurance proceeds may be r wf�� °'`;T�� �,
<br /> r -�,a npplieA by Lender,a�its op:ion,either(N�o�he n:duction of ihe Indeb�edness under the Note and�his Seeurity Inxvumem. ��� �Y�y,J,y ,�.�?r`�
<br /> � fiat to nny dcl(nqucnt nmonms npplied in �he order in Raragra h i,nn<I thcn io preQayment of principal, o�(Fl to�hc s r� �'5- F-g-w�, '
<br /> �..;.� rrsmra�lon or repair of the dnmaged propeny. Any npplica�ion oY�he procecdx io ihe pnncipal shall not extend rrposipone ,�ii���l.I�r
<br /> �he due date of�he momhly payments which arc referted to in 13ragrnph 2,or ahange ihe nmoum of xuch paymenu. Any r�}���!�l,��r -
<br /> �?�f: excess Insuranm proceeds over nn amoan�requircd io pay all ouu7andmg m�4hicdness under ihe Note arc3 this Security L r�f��id�" -
<br /> 2F!�-`� Instmmemshallbepatdwthecnti�y Icgal(ycnti�lcdtherelo. Y5 k��%,i�1"
<br /> ;�?�����' In ihe cveN of forulosvrc of tlils Sttumy Insuument or oiher vansfer of Ii�le�o ihe Properry Ihai enninguhhes Ihe f�-� ��;y�i`�`;.
<br /> _}-,�'y� indebledncst,all right,li0r and Imerest of Ootrowcr in anA m(nsurancc policles in(n;ee sh.�ll pus m�hc purchasec �i�b� ;t ix�i��ir.
<br /> ,��� 5. Ottupancy, Prcservation, Mnintenance and Protecllon ot Ihe Prarerta: Dorrowtr's 2.oan A�plicrlion; ut �+''y_4 � .
<br /> .� Leasehoids. Dorrower shxll occupy,es�ablish,and use the Propeny ns Oorton�cr�p�:mcipal residence«i�hin sixtY days st�,i�} �-�s�in
<br /> /-r
<br /> ���->;� after�he execmion of ihis Sauriry Insuument and shall cominue io occupy thr Pmpeny ac pomneerk principal rcsidenee , ,ri 5_ �r� , ys„
<br /> �-�-� fora�least one�•ear aRer�he date o(occupancy,unless tlie Seerciap�d.iemiines�his rcquiremem will cnuse wtdue hardship 4 �51- `�: u�''�'"�
<br /> 1` �t for Oortower, or unless ex�enua�ing circuninances exis� �rhich are ba�ond Rorm���er: comrol. Oortoxrr Rhnfl noiify ��,�,,, _x�rf �
<br /> 'r�; Lenders of eny extenuating circums�ances. 6orzu�.rr shall no�commit u�aste or desvoy,damage or subsunei:�ilr ch:mge �, �, --., �
<br /> ����� thr Ropetty or allow 1he liop:n)•(o Jeteriorate,masonaMe��'car and lear excepted. I.ender may in�pecnhe Yru�crty if 1he � �' �(J .
<br /> �,-,'� {loperly u vaeanl ur abanJur.rJ ur 1hc{n.m is in dcfaull. Lcndcr ma} la}.c rca+m�ablc dcimn In prticcl and pm�enr wrh Oc. <'•"� ..
<br /> +��4:;4 vacant or oLar.doned Ropem�. Dnrrn�•c��hali al.o M1e in de(auh if 13ortmrer.during Ihc lam applicaiion prae�s. gare .r �.._ 1,. `�.���'
<br /> ���`t� malerially fxise ur inxccuiale infomia�inn or Ualemenl. lo I.tndrr eor fai!ed lo proride I.enCer a�i1h any materiai + . •- S� },s..�,�
<br /> ..>�+�. (n(amialion)in conncaion���i�h thr Inan evivcr.ccd by thc\nn•.mcludmg. hui noi IimitcJ In.repnuma:ionc conrcming � - .
<br /> ' h-.i� Oorroueri arup�ney of t5:Pmpeny as a principal re.iden.e. If�hit Securiq In.munenl n on:�Ira�ehoid.f3urco��enhall •� � �`�' I. �
<br /> � _ � rnmply wiih�ha provision.nf the Iease. If[3ormu�cr acyuim.fee lille la Ihe Rupeny,lhe Iea�ehold and ke litle�hall nM � �� •
<br /> -'� be merged unicu Lender:�Frcrs to 1hc mcrger in�vriiing. � y .
<br />_`��;y! 6. Charges lo Uorrmcer nnd Protectlon af lsnder's Nighls in Ihe Properq�. Rnno��.r.hall pay all go..mmrmal .. _ � •-
<br />':.:p�ii`�n or muniei�G eharges.fines and impociliom�6a1 arc nul incluJcd ir.f:ir�{r.ph?. 13om�.�cnhall ryy ihc�e ubligatinm on �
<br /> :L:z ; limc dirwdy �o Uic m�i�y a�hich i.m��cd�hc paynrci.�. li R�ilurc o•�a. ��ould ad��cncly af(ccl LcnJcr: inlrrca in�hc
<br /> . r -; IYOpeny.upon LenderY requa�L��rtm�.r ehall prom��!�.�-�mnh�o Lrnd«rcinp� c �Acncing�htx pa)mrnt.. f .
<br /> !- I(Qortmrer faih l• ::.ke thcx paemcnh or Y.r ;.nmcm.rcyufred h. � -v h 2.or fad.tn p.nrr-.an� n:hcr !
<br /> -�;_?:«!. covcnams and agrecmem:.-::uincd in�hn Sttunp 1.:.tirecnL or�hcre�}a i.r:.� .�rding�hat ne� vgmirc.nlh af(ec� . .
<br />:;;_Eti;`3� Lendcri righ�s in thc Ro�«� buch x..�pnxmding m F:mArupx}.for iondnnremon or ro cnfnm I:Iw�Uf ff�6IJ1100t1.
<br /> --6�:::���7 tlien Lender may do ana pay u�ua�trer n uem«�q�ro pm�ea�ne�aiuc ui iiic iio�a�i� :�nd Lc�:da i:��g1�f,i��i�t.1:'qs:j. _.
<br />_^:;;i:,� including paymcnt of�aze�.harard inwr:,cc and mhcr i�cim m.ntinr.rd in R�ragraph:. �
<br /> 4�` My amoums duh�nrJ by LrnJcr undcr ih�.P.ungraph.hall Ixconrc:m aJJmonal Jcln nf Iinrrowc�and M�r.urcJ
<br /> by this Securily Imtrurtrm Theu:�moums shall Mar m�crc.l frnm�he Jaic n(Ji�M1untmenl.al�lic (�nic r.ile,anJ ai�he �
<br /> '.i - oplion o(Lcndcr,shali h•:rtuncJia�el�due ard pn)a61e. �
<br /> -- - 7. Condetnnuilon. The prcareJ.of any�aw�ard or claim G.:damagr..dirtvt ur cun.eyuenlfal.in aonm�cunn xilh am �
<br /> rnndemnnlion or othcr laking o(any pan n(thc Pmpcny.ur for c.�n.ryancc in pla.c of cnnJrmnafion.arc hcreU}�a��igncd �
<br /> and shall bc paid�o lsnder to Ihe exicm of thc(ull amount of tF:�akbtcJne..ihai mmafm unp.ud undcr ihc hnt<and�hn
<br /> s^-)F� $tturi�y InswmeN. Lender shall apply�ech pnzeed.w�he rec'ucunn of�he faJebleJne�.unJer�he\.ar a:�d�hn Se.um. - ,
<br />��eM1: tt',, InsWmcnl, firsl �o any dclinyucnt :nnoums xppLcJ m �hc ordcr pm��idcJ m paragraph t. anJ ihcn �,� (utp�}menl of , .
<br />-�: Fyti;� , .Priptipal. Any applicalion of lhc procceds lo Iht pnncipal .hall nnt .VCr.d or {k..qwnc �Fc dcr da�r of �h nwnlhh �
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