|
:�.r�+ ,
<br /> � ?.. � •, ;.�,.�.,.......,.� -- -��-f-- .
<br /> ,6� s��.�.. —
<br /> �@�,c� . - �•-r:,�,.�y�-�•a:F�.- � � t9li`:'+.� �.x:�.*�.;.��„�•�,••__—
<br />- liFwrS„lin'a.^ .� ..sv.sw.-rn •.. .. .. . ., ... .. .. - , . " . . .. . '" .a+�T' - - . _ .. --
<br /> �
<br /> �� .��
<br /> ' ���`�� � Sccuriry:mtruitrenG Londer ahaU aPPly euch prooeedg to tt�e redaction of tho indebtednaa under tbo Noto and thl�Sxuriry
<br /> ' �„`� � Irotr�unent.fua[to de uant anwuau a lied in the nrdcr rovlded In re h 3.end then co re nt of L
<br /> �Y �I PP P Pe �P P PaY� P�P�
<br />_ , ,_ �� My applkatbn ot tt�e proccod�to tl�e principal�hall not actend or patpone trie due dato of the montlily paymenu,which -
<br /> arc rcfcrced to in peragraph 2. or cbange thc anwunt oI auch peymcnu. A�exceas prooeedt c�ver en amount rcquirad to
<br /> , �, pay aU ou�aianding Aukbcedncss undnr�he Nouo nnd�his SecuNty Insuumene shall be puld to the enctcy kgally entlekd tharetu. _
<br /> . 7. Crsr�es a Ba�rowe��Praectios ot t,e�ie.+�w�a!a u�e Pnn�crty. Bnrrower eh�W pay all govemmentel or y �
<br /> :� � municipal cherges,fiuKS nnd Impaitbum that en not lncluded in pamgrapd Z. Bor[awer shaU pay ttxse obllgatiom an timo 1 r
<br /> , A dirxtty to the entlty whkh b ovvai tho paymcnt. If failuro to pay would advcrsely ef�act L,ender's interat in the Prnperty, _
<br /> x�y� upon Lender'�requwt eorrower�daU prompthr furnlsh to Lender receipts evfdetx:ing these paymenta. � =
<br /> lf Bormv►tir fafl� to make tAae paymcnu or the payments requiraf by peragraph 2, or faits ta periorm any other p
<br /> yi; .° _:� ; coven�nu And a�,reemcnu oontaincci in chis 5ccuriry Instnunrnt,or there Is a le�l prooezdins th�t mny significan�ly affec� -
<br />` F�' 1 Lencler'�rlghta!n the Property(+uch as e prooeodfng ia baakruptry.for oondemnatba or ro eaforoe tawa or reguletioas),thea
<br /> L.ender may do and pay wbetever b aooeasary to protect the value of the Froperty and Lender'd rights in tbe Property, _
<br /> n s includi�►B PdY�m af tanes,hazard i�urana and otber itart�s mea[bned!n P�B�Ph 2.
<br /> ��? Aay anaunta disbutsed by Lcader under thb parag�aph�haU b000me an additional debt of Borrawer and bo�ocurod by
<br /> �` thk SccurIry IastrumenG 'Ibese amount�shall bear interest frem the data of disbursemcnt at tbe Noto rato,and at the optba
<br /> . '• '�!• of Lcndcr aha11 be Lnmodiately duo sud payebk. _
<br /> :,�r',. � Hocrovrcr stsaU pmmAUY��Bo�Y lieu which bas prioricy cn�r th�s Security Instrument unteas B�rrower.(a)agj+oa
<br />-. •• ,,.;�� in wtidpg to the paymcnt of tlbo obligntton�ecured by tbe Uen in a manaer eooeptablt�w Lepder.(b)oontest�In good faiW
<br /> tha lion by,or defeacis egainst entorcement of the!kn in,kgal prooadings which in tbo I.cndet's opJqlon opetate to preMeat
<br /> ' ;:;==1 -• tho anforameat at thc uan;or(c)su;ures from thc hokkr of tLe tien an agrament 6ati:t'actary to Leader subordiaatiag tho
<br /> ��;'•''��'%• lien to this Secui9ry IostrumeaG ff L.eader detecmin�tliat aay part of ttws Properry&subjoct to a 1ka wttich may attaia
<br />'�;�•`:�,,': ''- tiori ov+er this Securt Initrument,I.andci Borrwrer a aotioe ideati tlx lien. Hnrmwer�hall sat� the liea
<br /> �~» '� P tY �Y �I'B� �8 �h ti
<br /> -� �'�� or take oue or rmce of the ectiom set[onh abwe wIthin 10 days of tl�e givtng of mtia. _
<br /> -_-. '`�:�' s. F�a. LeMnr mAy oollaca f�ss aad cl�acges authodxod by the Soa+etery.
<br /> ;`:`�'° 9. Ge�s bt�110aie�sUoa ot DeM.
<br />_ , :-•.��
<br />. (�)De6� L:nder mny,t�oept as lia�ited by ngulatioas ksuod by the Sect�etety in the s�sc of paymenc defaults,
<br />_��,�;.�',::, roquire immedlate payment In fWl of ell tum�secvrod by tWc Socudry Iatuument i�
<br />- • �y • (i) Borrnwer defaulcs by faittng to pay ia full eny monthlY Psyment required by this SecurIry Irsstrument prdot
<br /> • ' to or on tt►�e due dau of[he na�c monthly payment,or
<br /> -_ravY i� Horranver dafaults
<br /> r:-„�� (�) bY�+for e perjod of thlrry days,to pertorm eny other oblJptio�oontainad Ia thb
<br /> °��'� Secwity I�Lrumen�
<br /> ---.y�,,,�
<br /> �;��� (�Z Sde Wit�t Creilt A�ro�va6 Lender s1�a11.u permittod by applksablC law(including r.octbn 341(d)of the tiara-
<br /> ;�;.., S�Ciertn�ia Depositoiy Imtitutiou�Act of 1982.12 U.S.G 1701)-3(d))aad with tbe prior appravul of We Secretary,
<br /> •.rS.��`
<br /> `:�J!?�°�.v` rbQU$'G�1LmG1i3tC pnyD1CA[iII h1110[ilU btlnli SOCUIOd by t11�SOCUtIhr IMtNaIC[It iG
<br /> : `�._-{�� ti1.-`.1!�r�rs uf t�Pm�rr�.or s��d:!�.tt�s iu«t�t c�afsr«t!�r pzt af s�4'ra�cr;.�:.���r
<br /> �N;��� othenvi�e traasterred(oWer than by devlse or desaat),aud
<br /> _= i� (ti)'Ibe Propotty is not oocupiod by the purch�ser or g�nntoo es hi�on c�r prindpal residtaa�or the purctaset
<br /> _M:;::�� or g�aauo doa so ooeupy tbe Prnperty,but his or ber credit has aot been approv�ed in s000rdame wdW the
<br /> _��..�,� roquicements of[8e Sorlecary.
<br /> -----_:��'� Ec)Ns Wilrer. If circuaxtaaoes oucur tbat would permit I.tnder to evqe��u..e payment in lbU,but I�e�rWer
<br /> ----— does aot requtre such psya,��nts.I,eaaer doea aoc Mai�e tts rtgws wniw�espo►�t t�s�txequent eveau.
<br /> (�)R�I�tiou o[HIJD S�+e1�e�. In n�nt�y circvmstdt�oes reguistians iss�od by�he Soctetary�vlll limit Leader'i
<br /> _ dghu.in tbe case of pnyaxnt defeuhs.to coquire immcdinte payment ia fuD and foae�iae ff not paid. Thi�Secudry
<br /> Imttumeat does not autborix sooekrstion or fonciasure ff not permitted by�aiatbas ot the Secretary.
<br /> -� — (e)M�eyye Not twrei. Hormwer agrocs Wat if thi�Securiry Iffitniment a�od cL�e Note ere not determt�ed to be
<br /> — elig�le for insuranoe w�der che Natioaal Housing Act w(thin 6 0 DAF� trom tba dau heteol,
<br /> — L�oder may,at ita option,roquire immedisu payment ta full ot all sums wcurod by thi�Secucity lntuumen� A
<br /> — writua sutemwt oi auy auti�orlaed a8uu of the Sa�+wry datod cubRaqueat to 60 DAYS from
<br /> tho dat�hu+oo4 doGininB co inure Wis Securicy I�avment end the I�iu.shall be damod conc7u.sive proof of�uc8
<br /> talig�b�ity. Not�dthstaad�tt�e foreBoing,this option msy not be a�trcisod try l�ea�ler wLea tbe�tvai{nb�li�y ot
<br /> lasurana is sokly due a ix�lePs fn7ute to remit a mortg�ge insuranoe premium to We S�t�cy.
<br /> 1Q R�d�sfesnt Bomower has a right w be roiasutod!f Lendu has requirod inpaediatG paymeat in full bocsuse of
<br /> Borraaer's failure w�y an amounc due under the Nou or�Securlry Instrum�n�.'C�iu r;ght applia eMen sfter forocio�un
<br /> _ _-_.__ P�are imtitutod. To reL�swte the Secucity I�trumer�t.Borrcywer sI�ti iaa�r i►a lump zwn all anuunis required _
<br /> to bring Horroyve�'s a000unt cuinat iaducling.w the euent the.y arc obliguio�nf BortaNer uader thi�Sccuriry Inctrument,
<br /> foredo�ure oosts end reawaablle and cusuiasary anoroeyi' faa and cxpences propa�l}�aa�o�iatod whh the furecJo�ure
<br /> P��& Upon refaetatement by Bort�ower.this Security Iffitniment and the obli�+tiom that it aecvrea shall n�sin in
<br /> egoct ai ff Lender had oot roquirod immaliate payrment In full. Ho�ev�cr.L.e�icr i�not roquir�d to permit reimtatement iE
<br /> =_ (f)Lender has eaeptod rotnstatement after We oommenament of forodo�ure pmoeodings Mithja tao yeata immodtately
<br /> _--�-,;�,y�---- piooeding the oomr�mement o[a cumn�toredneure Pi000atio8.(i�reimtetemeat N�7!pc�ectude forcdaure on digerent
<br /> _-;�,,•::'s,s Brounds tn the tuture,or(i�)ni�tatement w�l adverse2y a�'xt the prioriry of the Uen aeatal by tt�is Socuriry Imtrumr,nt
<br /> --.:,,� = Il. B�enower Nat Iteiase�;Fo�ie�rarce y IRaier Not a Wdr�er. Eueasion af We time of paymeat or modificatioa
<br /> �_._�,.:_� of amorti�ation nf the eums secured by this Socuriry Iastrument granwd by I.ender co any auooesrnr fa in��erat of Borrow�er
<br /> '�"`��r�'�'� shall not operate to rek�e the Ilebility of thc originsl Bor[ower or Borcow�e�a Ruooeasocs in interaL Le�er:hall mt be
<br /> ___n�,s��-�
<br /> -::�L,���� requind co commenoe prooeodingi ag�timt any auocessor in intenst or refuse w exteod iime for payment or othe�wise mati[y
<br /> _..:�r-;���; am��eiration of tLe su�savrod by this Socurity Iasuumeat by reason of any demand made by the or(giaal Borroaer or
<br /> .�• ....�.
<br /> HoRV�r'a suooesaors in interes� My forbauanoe by I.e�r in doeraring any ttight or remaiy�hsll mt be a watver of or
<br /> - ---=�_ Procludc che axrrise ot any right or remody.
<br /> a,�"%'�: iZ. S�oca�or�ad Aa�tps do�Jdnt a�i Sever�l ILMYt�,Ca,Sipar� TLe oovenanu ancl agraments oi thiti �.
<br /> �' �'" Socurity Iastrument shall binci and beue6t the suooessoia wd auigns of I.endcr nnd BorroNer,subjxt ro the provisioas of
<br /> _ -: . _?:� parasraph 9(b).sorro+rer's arveuants and egroementa st�all be jotnc ana seveaal. .4uy sormwer who co�sigas chis socuriry =
<br /> • Instrumeu:but does mt ezavte tho Note:(a)is oo-signing this Securiry I�vument only to monpge,grant aod oomn.y that -
<br /> ;•:•:. �� Bc�mav�er's interesc in the Prop=rry under thc terms of thi�Sx�urity I�trument;(b)is ciot petaonalty obtiptal to pay We sums
<br /> _ � socurod by thi�Securlry Iaswment;a�(c)agroGS that Leuder and any other BorroMer mey agree to e�tenB,modity�iorbear
<br /> , . - or make any n000mmodationt with regard to tbe tcrms of this Socurity Insttumeat or thc Note wlthout tLat Borrower's
<br /> ' oo�enG
<br /> �•
<br /> , . _ �±
<br /> M
<br /> , 't�x� ,� I'tEiBRA�A-FllA UH�OF 7RIlST(f/�f) �
<br /> ..
<br /> „- ..,•. . ^ o«wr sy�n.�r�cMn s..vu Page :i ot 5
<br /> _ � ... �
<br />
|