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<br /> '``�. seised of the essat� �by Las the
<br /> as
<br />= _. . BORROWBR COVEN�tbat P t o p e rt 9�is�uae a�mbaed, eao�t for encumbraaces of teaor�. 8oaower
<br /> ``'�: _ .'( - a�ra�e�utas and an�l def�d geuecalIY the titie to the Ptap�tY aga3nsK e11 cIafms and d�ands.sub�ect to any� -_,f'_
<br /> ` �'S,' � . `'.
<br /> Yl�1W ""'� . f•:�:_.'.
<br /> � � THIS SECI]R1TY WSFRUMENT combines uaifowa coven�nts for oational use and non-unifim4 covenaats �
<br /> a to constItute a�mi�rm �►� covedng�ea1 p�pe�Y• r --�
<br /> - Iimiced varia;ioms by 3u�isdiaio :- _
<br /> . <`�
<br /> . ,," ".� `K iTNiFORM COVENANfS. Eomuwer an8 L�der cav�mnt aad agee as foIIoars: �,�_.
<br /> � In�tes► an�i$te�. Borrower shall Pa�►cvhen due the priaci�al of,and iaterest
<br /> �' . "' og =--
<br /> � '�� an.the debt evideaced�by�Note�d late cbaz8es dae tmder she Nflte. °
<br /> 2, ffiamffiIY Pa9me�3 ogTa�.�°�'aad Q�i �8es- Soaawer svall iaclude ia earh monti�lY PeY�� �.---_"`-
<br /> � f'' ��<<< a snm for(s) t�oes aud sPe�ia! f';.��__
<br /> � � ' together with the prindPal and "miezest as s�forth in the Note and anY late�• �oa the Pmpe�tS►.and -^--
<br /> r,,`. ass�ts levied or w 6e Ievned egsinst the PmP�tq, (6)��ld payme�ta or� -_____
<br />-�';_ ',3� t)P�s f� insu�noe �eq�ted zmd�r Pa�S�h 4. In �y ye�m n��•� �iyn w8ich�sach � --_-_
<br /> = ,�a. � p�ti� w the Secr�a�► of Housing aad Urbaa Developmeut ( �5► �.
<br /> r'" �f Len+des sd'II luid the 5e�auitY 1ns�um��, ea� montblp PaYm�at shait also __
<br />_ � ..`;- pr� wonid 6ave been requiced � � to be paid by L.e�der w the S�ta�yr•or('�a `�_ �--
<br /> ,.. ' ;•,.';', inciude eithec: t�a som for the �ua1 mort�Se �F =
<br /> ,'`" '� iastrad of a mrntgage insara�e P� if thJs Se� � is held 6y the Se�etazY• ia a
<br />� ,_`�` '�:•°'`� g�x�t fos dte taonthlY cbarge bY the S�cet�5�• Q►� itet� �,m.-
<br /> masauable �� w be derer�ned t►Y the �• v=_
<br /> ►Y � � a_.
<br />. ' �e caited "Escron►ttems° and the swms paid to l�end� ase raIIed Escco'w F�mds. � not to easeed t�e --
<br />- ,`;~E`� I.endei maY,at aay time, colle�t �td hold amouats for Estxow Items in an ag�eg�te - -_-
<br /> .. -. . r�y �amnunt diat maybe zeqafired for Bt�uawer's es�ow asmnmt andss die Rea! Estate SeWement Pcao�a� :'::::-
<br /> `�� � �' � A�o f_1 9 7 4,i Z U.S.C.§2 6 0 1 e t s e u.a n d�S �°�• �CFA Part 3SOO.as tt�3►maY be��� � �-,._-
<br /> ' .. . ar •
<br /> -�':::..£..�` 4'.•.�". time w ti�e t°�A"?,�P=�the cvshian or�e gemitted bq ItESPA for�� d i s t m z s�m�i s =__
<br /> ' :'�`� , ., are ava�a*�Ie an the accoant may nat tse basecl on amoIDnts drte for tl3e
<br /> � .. disbtu'sements 6efare the Borroads payments _--
<br /> �. �~ ;'�::` ma�tgage insurance premium. ___--
<br /> �. ��:�,., If tHe amonnts he2d by Lender for Esaow IteQS exoead Y�e amo�ts pemdued t�6'a��eld by��1��� _
<br /> e
<br /> _ ' , ..... awonut m Soirovrer far the eicsess fuads�as se4ui�d�y�A. If t�e amouat.s of tuads hetd� �p�wer w make =_---
<br />- � _ .'�' ate u�i��PaY the Escrov►Items whea due,Lender may nassfg a�Bormwer and r� , -
<br />. .. :•_.�'.:� • . �.��ge as pe�mitted by RESPA. If Bostowet
<br /> `. `s� � '��ssaow F�mds are pledged as addit�uaal se�a�rity for a�t sUms s�bY��'�°�' .
<br /> . � , of all sadi smas,Boa�w�'s ascot� sbalt be cxedite� with the balance �S
<br /> :�,:,�,'� teodecs W Leader the ih1i;Payment tnnrt i�aace Fx�u� � dtai I�d�r'has not beooa�e :..;�:
<br /> " •'� for aU�t items(a).(b).aud(c)and any P�. ��y foads to Boaowes: 1'mmediabelY pr�r :„:.��
<br /> � . -�,; o�ligai� PaY and Lead� s�a11 PrompdY refund�
<br /> � .�,,��� �5; w w the Seaetasy, Bona�e�s accannt sba11 be credited witPi�Y balance .
<br />� •��'.�F�� w a fozr�losure sate of the Pco�enY or its acqu�ioa bY Lender, . �__,
<br /> � _ r�8 for all instalIments for iumg(a),N).and(c)• � .
<br /> � ' � �� 3. Apptic�ion af�• �F� �PPT�hs 1 and 2 shall he�.e?ied 6p Lender as fotlows: ,
<br />- ' '4'.' �r� •i,� pp �suraace P;emium w be paid b3►Leader to the S�retar�ar to the a�sttt�y c�tasge bSf the
<br /> • .. . .- . . �J i i�YlG�rt�C� . .- .
<br /> .. ,.� �"•�, gecretaty �st� of the moathiy mortgaSe insurance�P��'
<br /> . � � S�� ta any taxes.s�secltil agsessnnents. teasehold�ayments or�gconnd zents, aad fir+�.flaod and otter fla7ard .
<br /> : .'a.� p w intetest�due.u��Naie; � �
<br /> '. ,` �. FOU w mnartization of the princlpal of t� Note; and
<br /> , �" . : -.g` to.lat� c�a�g�s:�under the I�ate. . �nentg on t�P�apettY.afiether ;
<br /> _ . . �Flaod md Q�t ���y�harards.casualdes, and condaSencIes. inelWllaB�•for athicb
<br /> ���`• or subs
<br /> �'; .. . . , :�c�s nuw ia exist�ce �Y � 6e maintaiaed tbat I.eader
<br />�•�"' ��� .„�.�.;�..� . . l.euder requi�es �. �is ins�uauce , in the aarounts aad for the per�uds .
<br /> � ` . �; Bo:rower shail also ias�ue ali amprovements on the Pmperty+. wh� �►in exiscence or subse9uentlY
<br /> �' � '��'� � ��sgainst Ioss by#loods w the e�aent reqaired b3+the Secre�+• All insuiaace ahal�be�'ied anith oomp�ies v
<br /> r . ."... . -
<br /> ' ` �� �: : yppmvod by Leader. 'I'he insurance policies an�aaS►reaewals shaU 6e held by Lender aad sball include Ioss payable
<br /> � .' �..." .ri:�. • cl� in favor of.aad in a fcprm.accePtable to:l�ender• �prooY of loss if not � --
<br />� ' ' �:`•�,� " Ia the event o8loss.Bo�rower shall�ive I,ender imm�ate nntice tsY ma�. Len+¢er ws9 --
<br /> � � . � ta- Borrowes. F�ch ins�ace camPffi►Y concemed is tr�bY su�� aaA di�ected to make PaYmcnt - -
<br /> e. .._;. .'f �� :� made PmmpuY � AU or aay Qatt of the insuraaoe . , . __
<br /> � ` � fot'sach loss �z�ec,t1Y W Lender� instead of w Borcowes and to i.e�r jointlY• - --
<br /> , .. '.;.�;�;; pmceeds maY be aPDlied by Lender. at its opdon. either(a)w the r�uaion of the indeDte�a�s ua�the Note aad �_
<br /> ,.,.:,�I Inst�ment. flrst to any deliuqaeni amouats agplied in the order in�aragraph 3.en�thea co prePaY�
<br /> ,;;,,��:�,:. ,�: � tW�5ecurity licatian of the pt+oceeds to the
<br /> . .,,,..r
<br /> . ;� of principal, or N) to the restoration or repair of the dama8e� �°P�3►• w�hfcl�apre.refened to in par�rap$ 2.or . _
<br /> . . ` :4�'� . princlpal shall nnt extead or Qostpone the due date of the monthly pa9ments =_
<br /> pny exoess insur�nce pmceeds rnrer an�wuat reqiurEd tu Pay alt owstanding
<br /> cl�aa8e tHe a�unt of such payments. 1 1 eatitled thetew• -
<br />� �: .;� � . ���.: indebtedneas under the Note anA this Securiry lnst�meat sball bs puid to•We entity ega11Y __
<br /> - .� �. Ia the event o f forec losnre o f t h i s S�c u r i t y I n s t n i m�n t or other aansfer of titte to the Pmpests►that e�s�� „ �
<br /> _ : ' �: �a
<br /> tho indebtedne�s, all rlght, ttde and interest of Bormwer �n and to �uanfle �Polioies in force sbaU pa�'to�t h e �_'
<br /> �� '. � ,' . �. urcbaser. e$ Boaawe�'s Loa�a Applic�a�:
<br /> A�lsia� � � E
<br /> ' of 8� +
<br /> � 5. ��►• �°�' as Boaower's princlpal �esidence arltt�in sixtY�Yg
<br /> ��:;...� ,i. ,,: �. Boimwer sball aca�PY,estafilisb.azW use the Property►
<br /> 1 �. oa of th9s Seca�tity Insu� (or witbia sixtqdaYs of a later sale or traasfer of the PiaPertYo�� ��
<br /> after the e�ceca�ti
<br /> continue to oavpy the Pmperty ss Borrower's prlacipal re.dde¢ce for et least onE yeaz after the date P�Y �.
<br /> wiu cause undue hardsbiP for Borrower. or ualess exteuuat�ng
<br /> ,_. �< :. ualess Leader decermines that r�i� 1,�der of aay excenuatinS --
<br /> ,,.;-:��.. - - �irc�.s�nc�s exist hich are beyoad Bosrower's control. Banuwer abaU nodfY
<br /> � ,. . : � �
<br /> D��F�t Yage 2 of 6
<br /> .. � naumm srson.tne.lsom ea¢�s61 __
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