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<br /> . . . 1BORROWEEt CdVENAN'I'S Wat �rrower is ta�vfutI�seised oY the estate hereby cos�vey�d and has the right to
<br /> '•����,';•.�•t•.f.� • g�t�d cxtnveythe Fmperty aad¢hat tt►e Fmperty isuaeacumbeied, eacePi foienc�br�ces of�ecozd Bomower
<br /> � ;<<:4; �' warr�nfs aad wIlld�d geuerally tlte dtIe to thc Pcoperty against all claims aad demaads.subj�t w any+�auabraaces �.Y=.
<br />��Y.• OY i80Did.
<br /> 4 f. - � � ��3�'.'[.�JiC[I I It't$�vl�t�'� w�•�G',-'�O�';.m'�S'i�.n'. :mr��su:av�a-�"" ^w��»..'�.. ,-
<br /> " limited vadatians by,jarisd�xion tn wnstitnte a�mifoim secutiry instcum�t cover3nS� P�P�Y• � � :`:
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<br /> .�' �� IJNiFORNI COVENANfS. Honvwer aad Leader ooveaaat and agree as foitows: �`-`"`
<br /> . :�.,�:'��. l. Pay�eai oY�I, Lnt�eat m�Late� Eoaower sioall pay when dae the priacipal of,m�d ias�est
<br /> _ _ an,the deDt evid�oed by the Note ead late charges dae uud�r the.Note. .
<br /> - �- -.� '```:. 2. M��LIY Papm�oYT�es.�ae,au���. Bortower shaU inclnde ia earb moatLly payment, --
<br /> together with the p�al and intecrst as set forth in the Note and aay late charges,a s�for(a)taxes aad special _-
<br /> :.:..�,:::: assessments Ievied or w be levied againsc the Praperty, N)Ieasehold ga�,,�ts ar groffid rents on the Pcopeiry,and -
<br /> .. .��:• (e)premiums for ins� required.uader Pa�ap�aph 4. Ia any year in whi� the Latdet mnst pay a mnrtgage -
<br /> .�`�:::.:; iasurance premium to tLe Secr�etary af Housing �d Urban Develogmeat {°Seaetarq'7,or ia aay year in wl�ich sach �°-
<br /> . .'��: pmmium woWd Gave 6e�t requiced if Lender sh71 hetd the SecasIry in�n,,•,,�•, each raflnWIy paymeat slraII atso �-:
<br /> _ '- ;;Y indwde either:(�a sam fos the aanual xaort�eg'e insnrance pm�nium to 6e paid by I�der w the Seaetary, ar Cu7 a =_
<br /> ,,� > .,;.�_� mnnthly ct�arge instead of a mortgage insurance premi�m if this Security tns�t is i�ld bg ths Se�etary, in a
<br /> . .-y^`�-� r�sonable amaunt to he deteauiaed by the S�y- Excaept for the mnathIy diarge by the Sac�ry.these iiems =
<br /> � . ate c�lled "F�cmw Irems"and the sums paid to Lender are�� "Escrow Funds." _
<br /> - � 1�qdet maY,��y tim�,cuIIect m�d hold amounts for��.��rs�ia aa agg�egatc amount nat m exoe�d the
<br /> � ,4' maxi�m amo�i.t�t may be requi� for Borrower's escra���¢ a��er tl�ee Real Fstate Seul�aant Ptocedures -
<br />_ `��,� `::':`�`�.��;; � Aa of 197�.12 Q.S;��2601 et S�ea.and impiementing zegai�s,23�t Fart 350D,as they maq be ameaded &om
<br /> . �,.. °� tIme w ti�e ('`RE�°��,�xc�rt that the wshlon or iesetve� trSRESPA for unaniicipated disbtusemenis or •
<br /> '- �:;�: disbu�aents 6efore the Bartoe,�r's payments aze availabt�:a�-Y�eceonnt tnap rtat!�based an amq�ts dae�or ti�e
<br />' ,3�, mnrt,�,z^� ins�u�r�e piemimn. �:� • .
<br /> `���� ':' I€�1e amamus hel�by I.ender for Escmw Items eacQed t�amonnts�geimitted t�b�Retd byR�P,�. L�s�aU
<br /> � :; �;;:.'ri�; � arcauni to Bosmwer for the eacess fimds as required by RFSPA. If thc amaunts of fm�s.��.II�at any tlme ;
<br /> :. �,��:.�a��: . are nos snfficFent w PaY the Escmw Itans whea due,I.ender may aotify the BorrQwec a�t r�n'�:?�wer to make
<br /> . .'.'�. up the s�ortage as pesmitted 6p RFSPA. • ` . �
<br /> � " , �Lr Essmw Funds ate p2edged as addidonal se�auity for all sums sewred by Wiv S�urity rnsoc�eni. If BomDwer
<br /> . tendets ta I.endet We fall payment of aii suc�snms.Borrower's accourt slsall tre c�+editcd with the balaace�+emaining� -
<br /> :. ; fos all iastalUment items(a�.(b),and�(c)an�any mort�age insarance premium instaUment that I+eadec has nat became .
<br /> .`;� ., .� ob1lgated w pay to the SeQetaty.�d Lendcr shaU pmmpdy refimd auy excxss funds w Borrower. �ediasetY P�
<br /> ' •u � . • � • — • • • • • • • w i f�L.. J1��f 1�6 4nfw�....
<br />-..... ...____...__ — n�..
<br /> -- , iD 8 IOIEC[OS�C SBIB OI mY MOj1CiIy OT I[S$CQULSIL[OII Oj►L�GC.t70tIUwC��a diw�uiiu's bms w wwasw waua au�vasa�o,c = —
<br /> � :'� �g for all installments for items (a), N).and (c). •: � . �
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<br /> :.� �.;= 3. A�plic�nn af Faym�ts: All papments under para�rs 3 a�2 shall�e�d. bY L,eqder as fc�� -
<br /> , .- °;e �.to the mortgage ins�uance premi�m w 6e paid by.�der t,��e Secretary or w the�Y�3��l+� _
<br /> .. Seccetary instead of the�onthly mortgage insuraace pnmtium; , . , � "
<br /> . - - �'� .S�F.E70AiD. to aay ta�s.apeciai a�sm�s, Ieasei�oid isaymems or g:onud rems.a�fire,lIood aud otiter.�at�d :::-_
<br /> _—_-_��•;� • insura�e pm�iw�. a�req�ed: �
<br /> .----�-� � .�{ TEm2D, w interest du+e aader the Note; .
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<br /> � ' �.� gQURTH, to a��Zatioa of the prindpal of t�e Note: and ' =•_
<br /> • . . . . '? � FIFf�I*to Jate charges due undet the Note. � , �
<br /> , .. � 4. �IC,PlOOfI 8ad 0!� H�i! �. BoTmwei sh811 iasune aU iI1�rOV2IIlEAtS OA thC Pi0p21ty. whethC! ---
<br /> �'��"` '� IIOW��CC OT SIlbSCQUCat1}I CTC�tid, against anY ha�ards.easuatdes. aad canti�nefes, incinding flr�,for�ict► .
<br /> : . l.eader requirea insuranoe. Tl�s iasurance s�all be maintaiued 1n the amau�ts ,am�for the.pet�ads that ii�cder � ==°
<br />- .�.;: . �._.':•� requires. Boirower siiall also insure all impmvements oa the Prapeny, whahgr s�W ia e�dstence.or snbseq¢entiy =_
<br /> -- -. - . ereaed,agaiast lass by fto�ds W the ex�ent req�ired by the Seaeta�y. All�ns�aace sball 6e cauIed�vith oo�panies _..
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<br /> � ��� �' apymve0 by Le�der. 'lhe insnrance polkies and any renewals shaIl be held by Lender and sLall inctude loss payable
<br /> .'. '�, . �` , {' ; clauses Ia favor of.�ed in a foim asc�rtable to.Lendcr. ���
<br /> � ° � In the evem of Ioss,Bomuwer s1�aU give Lender immcdi��se aotice by mail. IxIId�may make proof of Ioss if aot �.it- �"
<br /> � ` maQe DromptlY by 8amower. P,acfl insuran0e aompan7r a�a�ued is herehy suthom�E�and dire�ted to make paymeQt _
<br />_ • ��_ • .�� for sucb ioss directly w Lender. iastead of w Bmrower and to Lendet jointly. Aq o: aay Part of the insurense
<br /> • ��-~_
<br /> .�. � ., . .� pmaeeds may be applled Oy Leud�er. az its optioa.e�ther(a) to the toduc�an of ttte ladebte+daess onGer the Note aad
<br /> ' 1 ed
<br /> :.�,t,;;,::.: ;� ; tLis SesurIty Insu�ent. fi�w aay deliaquent amouats applied in the orQer in par�;apb 3�and then to P:'ePaym�t . �.�«:-
<br /> .: �,1a.... .. .�
<br /> ,:;,�1,�;<�: �•;.� of prlacIpal. or (b)to tLe restorat�on or repair of the dama8� ���3+• Aa3►agg�:icatton of the praceeds w the ���:
<br /> : `(���: , _ � PriaciPal shaU not eatend or gostpone the due date of the mantLly payments which are refemed w in pa�agcaph 2�or �,:
<br /> ` c�auge the amount of sach paymeata. Any excess Ins�uanoe pmce�s over an amaunt r�quire�d to pay all ontsmuding , ��:;
<br /> �� .: indeMedn�s uader the Note aad this Securiry Inssnmment sI2aU 6e Da�d to the entiry legatly entisi�d thereto.
<br /> :;:�::�:.�:;: ;` ln the event of foreelosure of tWs Se�vrity Pa.�uumeat ar ocher uansfer of dtle to the Pt��r that e�hes
<br /> .`��'"'� . tIIe iadebtedness, all rlgh� titIe sud 'mterest of 8arrovn� ia aad to ins�irauce gel:sIes ia foree s�all ga�s t�the
<br /> �.:,i,,,.:.:.. .. . ga s
<br /> . � , � Q�o,�.y, Fi�vasion. �damia�mooe aac3 �tet�lon di t�e Ptop�:y: II�taar�a Loa� Appl�; �-:'�
<br /> �_..�.��:v L�Ids. Boimwer shaU occupy,eatablish,and use the Praperty ss Boimwer's prlacipat resideace witbia sixtydays
<br /> " , eftEt�he exeCUtioII of tlils Sepuity inetmment {or�vitidn si�ttydays of a later sale or uansfer of the Pmperty) and shall -
<br /> . . . . condaue ta accnpy the Pmperty as Borrawer's princlpal residence for at least one year f►ft�er the date of oecupancy.
<br /> '� � ualess Lender determtaes that requirement wW c�se undue ha:dship for Bomuwer. ar imles.s extenuatiang .
<br /> .. � . .. cIrcamos�eace� exist ahich are beyond Bosrower's control. Borroaer shaU notify l�ender of any ext�auuati�ng
<br /> . �bA DPF�OF 7HIT�J 6fif6 � .
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