|
-�
<br /> �?�€� . . . , � � . ,����--=_-=_.�� -
<br /> .�...�
<br /> � -
<br /> _�:�..:._.�-=-��_�__
<br /> . .. . ,� . •- m►�r.n+ =---- __
<br /> -��_ -�:....m
<br /> . ,. ., . .�:;�,._ ---
<br />. , ,�..� �,R.. - ,...�..--..-------
<br /> LM� �,y,�t �ny tYn�, aoM�Cl �nd hold unouM� lor lsorow 111m� On 1►r� �pp►p�IM�mount not lo �OMd IM nMxMeum �
<br /> �mount Ih�t m�y W nqulnd for Qonowrr'1 Nerow�aoount unWir th�i�l B�t�M BMtlwn�nt Prx�durN Aat of 1911, 1R U.a.C.
<br /> 8�pt ��,�nd ynplNn�nthp n4uNtlon�, 2�CFR Ptrt 3600,�s th�y rtwY W�d�d Mom Ikn� ta tkna("F�6PN"1,��P�
<br /> th�t th* au�hbn or rrNnr� P�� bY ��'A lor unbnlbq�t�d dl�bun�ts or dkbur�«nKS11 b�toro th� Borroww'y
<br /> p�ymMtt��n awlMbN In th��ccount may nat b�ba��d on unount�du�fa lh�n+ortp�W hsurano�pnmlum.
<br /> If th�unounts Mld by L�nd�r lor E�row It�rm pccMd th�amount� plrmkte�l t0 ba h�1d by��'A� L���h�M accaunt
<br /> to Bortoxa tor Ih��ocn�fund�aa nqul�ed by F�SPA.If th� �mounK of Nnds h�id by L�nd�r at�ny Ih�u� nol suMbMnt to � --
<br /> poy lNe Eccroti�It�ms s•lhcn d�ie,Lander me�+ notMy th� Bortow�r�nd nquln Bortow�r to mak�up lhs 6hort�p� at p�tmkt�d bY Q __
<br /> F�SPA. -
<br /> The Esorow Funds w phdpKl as tdditbnal acurRy tor �A sums e�cund by thb S�curky Instrummt. II Bortovwr bnd�n FI",n7
<br /> to Lmdrr th� NN paymmt of aN suoh aums. BoROwer'e accounl ah�A be crodk�d wkh th� ba�nce �M��G tor tH hftalh»nt �
<br /> kems (o), (b)� �nd (o) and u►y mortp�q� hsur�nc� prKnlum InstalYnmt th�t L�nd�r haa not b�cortw oblip�l�d to pW to th� "�
<br /> Sacratary,and Lsnder shaN prompty retund any exc�as tunda to Borrower. imrt�sdbt�y prbr to a forecbsure ttb ol th�Prop«ty
<br /> or fts acqukskEon by Lander, Bortowsr's account sh�tA be crodked wkh any btlance re�►Mhinp fu�H insn�ts for kwn�(a)�(b)�
<br /> and(a).
<br /> 3, A�lpllCat1011 01 Pay�l'IE11b.AN ptYments under PanOnphs t �nd 2 ehaM be applied by Lander os toliows:
<br /> Fir�t� to ths mortgaQe haunnce premium to tie pald by Lender to the Secretary or to the monthy ch�rpu by the SecntRry
<br /> hstaid of tha monthly mortQ�p�hsurwnc�promfum�
<br /> SlC011d, ta any t�xrs� sp�oMl �ssaasmante, le�sshofd payments a qround rents, and fire,ibod nnd other h�urd
<br /> Insutence prsmwms,aa nqulnd: _ __
<br /> Thll'd�to hta+nst du�under the Nota;
<br /> FOYrth,to �mortiutbn ot ths prinolpal ot the Nota;�nd
<br /> Fi}th,to kte aharpes due under the Note.
<br /> 4. Fire, Flood �nd Othe� H�zard Ineuranca. Bortowar sM1i fnau�e all Mnprown�nts on the ProP�tY� W►�hK
<br /> now fn�xi�t�na or eubaoqwnty erecled, �painst Qny hwrds, o�suaklea, and contfnpsnaka, InalusNnO 1Ye� tor wh�h 4encNr
<br /> nqufres hauru�cs.This Insurance sfiaA bs mlht�hsd In tho �mounta and for the psrlods that I.MCMr requtrsfi.Borrow�r ahaU
<br /> ateo Intun aN Improvsn+�nts on the Property,whNhK now in existMics or�ubtequ�►ty �rectad,n�1h�t bts by flaoda to th�
<br /> �odent nqu�red by the S�cratull.Ap inlunnce shaa b�cartied wkh compu��ss�Plxovad by Lender. 'Ihe „aurancs poliaf�t tnd
<br /> �ny rsrnwats ehall ka h�ld bY L�nder ind sMM incWda bae payabN akua�s in hvor oP,and M a fortn�cceptubN to,I.�nder•
<br /> In the ewnt of bes, Borcower shtN qlvs L�ndK ImrtNdMte notic� by rtMY• UndK rtu�y m�k�s proof of kss B not rnido
<br /> � o �o� �� ��w��;;�,�n;�,.;� z�n���± N hereDy authoria�d �nd dtrected to m�ce payment tor auch �oas
<br /> (NOmP N Y
<br /> dkscty to L�nds►, InstNd of to Borrow�r �nd to L�nder Johty. AN a 4ny peR ot th� haunna proc�ede maY��PP� Y
<br /> 1„ondor,at ka optbn. elther(�) to ths roductbn ot ths IndsbbdnMS und�r the Note and thk &�curly InstrumK►t, Nnt to any
<br /> drlhqwnt amounb�ppN�d h th�ord�r in Purpraph 3,an� then to RroP�Y�^t of prinaipal,or(b)ta the rc�taretbn or reQ�k of
<br /> �h� d�rtMpsd propKty. My �ppNcation of th� procwdi to th� pnc�ip�l stul not �ocund or postpone the du� dat� ot th�
<br /> �nthy paym�nt� whbh �n nN�»d to In Panqnph 2, or ch�np� tM �mount of suoh ptyrrNnb. My �oac�s hsurnx:a
<br /> apc�ds pyrr�n�rnount nqulnd to pq al ouritu�diny Nd�bt�dn�1 undK th� NDb v►d thN 6�curky In�tummt stutN bs paid
<br /> to tM�ntky Np�MY r�tkl�d Ih�nta.
<br /> In th� w�nt of foncbwn of tAb S�urky IneWm�nt or otMr bensNr of tkM to th� Pnep�►h d►at �odirpukhM th�
<br /> Ind�bMdnM���M dpht�tkM�nd htahst ot Barovwr fn�nd ta hsuma DaNcM�in brc��haM p�sf to th�purch�wr.
<br /> 6. OCCt1�f1OYr Pr�M�tb11. M�111tAM11Ce /11d PI'01lCtI0R Of � IkOpl�ly: BOI'�'OMIN''� LON1
<br /> ApPOCd�011i L�MNIO�d�. BorrOwu �htM oCCUPY�atabkh�lu�d uN tM PrOpKty u BOrrow�f�P��k��IdM1C�wkhh
<br /> s�y �ys�1�tM�eMCUtfon of thls &�curily Intwm�nt(a wkhh IbRy d�Ys of a �b►pN or tnnslr ot tM Prop«ty)and�hl►N
<br /> contlnu� to occnPY tM Prop�tY as BamwK's P��MI r�id�wy tor �t Mut on� Y� �Mr th�dat�of occuP�ncY. unM�s
<br /> l,�ndu d�minM th.�t r�quY�nt wiN cauN undui Iwdship for Borrov+K. or unl�ss at�nwtinp chcurmlMCe��t"fi�h�
<br /> b�yo�d garow�s control. BorrovrK thaM notlty L�►dM'of my �oMnwtYp cYcum�Wic�s. Bortow+r ehaN not commk wut� or
<br /> tMsVOy. d�m�p�9r tubst�nt�Ny eh� th� P�opetY or aHow th� PropKty lo dN�rfaal�, nuonabN wMr �nd tMr eoe�pt�d-
<br /> l.�ndrr maY„sp�ot tM PrM�rtY K tM PropKty K wcant or ab�ndoned or th� b�n k in dMwlt_ Undu maY Wn n�on�bl�
<br /> �ctfon to proMat and P��^'r such wcu+t a abu►dcn�d Prop�ty.BaROw�r�hali ako W In d�Muk M Borrovwr���M .ny
<br /> �ppNc�tbn Droc�i�, p�+�trKbrWh► hlt� or Inaccunb hlornKtbn or sttlln'wntt to L�ndK(�x hMsd to Rro+��tbne ConCKninD
<br /> ��� h{,��ype) b apnn�atbn wkh tM ban wkMnad by iha Not�,hcludhp,but not Mmlbd to,n�x�n
<br /> gprrowws pccup�noy o} tM Prop�Ay as� pnc�iWl ns6d�nc�. If thM Sscurity tnsWm�nt k on• M�Nhold. 8ortoww shaM
<br /> cumpy wkh tM provitbns of tM Mus. If kiortowK ncquins iN tki� lo tM Prop�ty. tM IMSehold �r►d iM tkM shaN not bs
<br /> � nwrpd unUts L�ndor�s to th�rt�pw In wrk„9.
<br /> 6. Condemn�tion. Th� prawdt of any awud or claim tor Wrt�e. dinct or consaN,+�nNa6„ co�n�ctfon wkh �ny
<br /> condMnnation or otMr hkinp o4�ny Put ol the PropKty� vr for Conv�YrwY In pl�c�of condKnnatbn. an h�rWY�ssipnod�nd
<br /> stu�N b� pdd to Lw►cNr to th� �od�nt of th� tuN �rtwunt ot tM hd�M�Cn1ss that rort�ah� unpUd und�r th� Not� and th�
<br /> S�curky InsWm�nt. UndK shaN appy such proce�ds to th� nduction ot th� hd�bt�ds undu th�Nots and this Securky
<br /> . __ InstrWrMnt,first to anY dNhqwnt anwunh epplNd h ths ad�r provkNd In Panpnph 3,�nd then to pr�p�ymdnt of princtpal.
<br /> My�pplfc�tion of 4M prawd= to th�pnc�ipa►shaN not eatsnd or posipon�th�dw d�b o}th�monthy p�yrrMnts�whbh an
<br /> ntNnd to h Pwpnph 2,or chanq�th��mount ot such (�ynwnts. My �xsse procs�da ov� N ama+�t nqutr�d to pay aN
<br /> out�undinp hd�btodn�ss undK tt�s NoM�nd thl� S�curky Instrum�nt ehaM be p�id to lhs�ntky leptb eatkisd thKeto.
<br /> — 7. Ch�r�es Lo Borrowe� md ProtecUon of Lender'� Riqhb in the Property.BortowK shaM pay aN
<br /> ��..Y n�u Ih�sA
<br /> powmm�nal a munbfptl chu�ss, fhrt and imposkbna th�t ars nos nciu�dsd 'n �■�:tir�+�• G �^��^� �.�- ^�• ...---
<br />- � obNpations on tYns dirocty to th� entNy which fs owsd tNe paYment. 11 tafluro to pay would edv�ereNy altect Lendere htwest in
<br /> tha Pro{�ty.upa►Lw►d�s roqupst Bortowsr shall promptry(umbh ta LencMr receipts evldencinfl these pdyrtients•
<br /> � I} Borrovr�r fails to maka thess pRymente or ths p�ymmts roquired by Puaproph 2, or hNS to pertorm eny other eovenu�ts
<br /> � Nd�►wnts conuin�d In this S�curity InaWment,or 4hera fs a Isqai praceedhfl that mey sfpnificantry�ffect Lander's rqhts in
<br /> -� thA property (auch �s a procMd(nq in benkruplay,tor co�dxrxufbn or to eniorc�laws or repulatbns).tha�Lendar may do and
<br />..�� pay whataver Fs nscessary to protact the value ot tho PcopeRy end len��era riphts fn the Properly, hcludiny payrtier►t of tezes�
<br />�•�; hamrd Insurance md other itams mentbned In Panpnph 2.
<br /> — f6t19.LM0(YI�J P�pt @ oi 6
<br />� --:•� OE070014
<br /> • i _
<br /> _ ,
<br /> .�-_.._._..���--
<br />
|