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<br /> � „ llc�tmwe+r anc1 Lcnder eovcnunt ag�ee as falt�wa: ��•• �Q��a
<br /> ' � T_� UNIIrURM f.OVENA�JTS. �.. _-
<br /> .: � ,-, i. i'qy�+cnd of t�r�n�t�Inte�tsi•as�t.�ie���. �orta�ver sha{I pay whcn du�the principat af.�x3 intcrrt an, -
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<br /> �� ' . • „� th:deD�avld+nced by the�tvmr and I�ta churges dus urtdcr thc Noie.
<br /> — ;�,� �!. Alnl�thlp Pit�utn•ata of'1'axc9,�nsumnsw nnd tXher C�haegcs. Bortawc�ehuli Inciuda in ench manthly pnymcnt,
<br /> '�"'""'��� tap,cth�x wJth ihs���ntlpPJ�nd Intcrost as sci forth in thv Nuto nnd nny Ic►tc ch�rQcs, a sum for (n) tcues nnd specfnl
<br /> , ' nsr.�smruta levte+���r t.n bt�lcvisQ oguinst[he Propeny, (b)tcnschold pnymcnta ar graund rente on tho Propcnp.i►nd(c)
<br /> � ; � pmmiam9 far ins«rnatr�renuhnd by pa��gr�ph 4. In su►y ycnr In whtrh tho l.ender muat pay�monguge inaurrsmnce premium to
<br /> ;r . ih�n 5�crata�r of HAt�alnn cutd Urh�u�Qcvelopment('Se�retaiy"). or{n cuey ycar i��which such premium�vould AAVO bccn
<br /> , . ,. mquintd if Lendet still held tha Secu�ity [nstrument, ench monthly payment ahnll alBO includc eithcr: (i1 c►sum for tho
<br /> AROl1R1 lAP11�;..;a�e inaurtutcc pnmlum to b�n pald by Lendcr ta tlta Scccetnry.or(ii)a monthly chorge instcaJ af a mnrlgage
<br /> . ina�ama�;pTn»t{um if tl�la Sccudiy Ias�s�nuNnt is held by the Secretnry, in a rc�.sanuble umaunl to be detcrmiaed by the ':_
<br /> � � � Sc�:mtary, �xa�t for the m�nthly chnE�a b:r ahit�Qrretnry, these items are culled "Escrow Item9' and thc sum9 paid to :..�
<br /> � , + ia:nsl?r a.sa.�:�dlt►d'�scnnw runds." �
<br /> ' •�. Lantt�a mqy,�t any time.coilect�nd hold nmau�iiH for Escrow Items 1�9 nn o�grer�to nmount reot to eacecd[he rnuximum �i�,
<br /> � ' �' nmount 1d�!mqll bc�eciulrcd for Borrower's escrow ascouut under tha Renl�stato Setttement!'rocedurcs Act of 1974� 12 ��
<br /> �„ �,;.�:;�i� � ; ,� U.S,C. �1a4a1 g.}�_cA, and ImplcrRenting reAulntions, 24 CFR Pan 3500, as they m:�y be nmcnded from Nmc to timo i
<br /> �:; ` . ("R�9PA'), a:acept tt►nt th0 cushion or cescrve permiued by RESPA for unundciputed disbursemsnta ar diabursementa
<br /> ','�':�. � hefarc:thc Rorrawcr's paymente nro avnilublc in thc A000unt mny not bo b�ed o»cunounte du0 for tkc aiortgagc insurnnca -
<br /> ' '�'� �waiium.
<br /> ,��,�,•: �.
<br /> ::,:�,,� � If the nmounta held by Lender for Qscmw ltcros exccxd the amounte perm{acd to bo hcid by R6SPA. l,cndcr ehuil _
<br /> ' accuuat tu&atxawer for tho oxce�s tlu�ds n.g requlred by RB5PA. ii tho t�maunta of fl�nd9 htld by L.ender nt nny tlmo nre -
<br /> �� � � �;�;;� nat euC�ctr.r.s t�pay tho Escrow icemv�oreu duo, Lender mqy aotify the Borrower nnd requi� [a�rrawer ta ms�ce up tho �'
<br />..°:, ' �;,• ' shortagc av�mitted by RB�AA.
<br /> �+ �� - The �scrarv Funds ore pledgcd as addidan�l security for nll sums secuced by thia Securlty instrumem. IP Borrower �
<br /> '--:� tenders to Lender thv fta?l��yment of all such sum9�H�zrower'e n�co�nt ah�ll t�e cr�dlted with 1he dalanoo oemuiuing fur �'�_
<br /> ,,;, '_-;-,• _ . , all lnstallment 1tsm�(a),��,�nd(c)and uny mortgage insuramcu premium inatuilment ttwt Lender has nai beeumo obligoted to -
<br />'>•t; � pay to�ho Scc.retary.�und It,�tidsc edul!promptly reti�nd nny excess flmds to Bonower. Immedlutely prlor ta a foreclusun °°
<br /> �,s�-
<br />`��•��•' ��r � sulc of thc Rtvperty or its ucc�ulsition by Lender�B�rro�er's nocount shull be cre.�llted w{th any balwioe c�mnluing for NI =
<br />�c 5.:���:?;:_ .: instalimrnta t�,�is.°ms(a).{b),and tc)• ___
<br /> ��"`- — �. ��s�t��. �!pay�to ssr'..,�,�Sa$r�1�2�lss!!��spl3��;!�r�fts�lc�: -
<br /> , ., ..�: - -
<br /> �+x°��^`• � , �+,�, .g�S �to the mortgag,e insuranca premium ta 62 puld by Lender to the Se�escary or to the inontlily c2�argc by the ---
<br /> . . • .;;•
<br /> , Secretnc�r instcad of Wa alonthly moctguge insurance ptemium;
<br /> - _ ,_
<br /> � CANi�,to ony taaea, spociul assc�staente, leaschold pnymente or ground rents, aad fic�e��lood a��d other h�.s�rd
<br /> : lns�sraec�s premlum�.es requt�+ed; -
<br />� �$_D, to intcast duo undcr tho Nato:
<br />" �417,�T�,to ar�wrtiza�don of thp princtpal of tha Nnto;
<br /> �,�,so Ic+to chargcs�ae under th�NoiO.
<br /> � 4. Flre,lFlbasod andOther El�rd Invurauce. Barrowor ehu11 inauro NI impravements aa the Pmperty.whcthcr now in
<br /> "� existenca oa .�d�scqacnNy erected, ngAinst any hazar�ts, casuultiea.zmd candngenctea. inclts�i�g fira, for which Lender
<br /> ,;�-� ` requlrre�insuranco, This iasuranco aball bo a�alntalaed in tho Amounts�d for tho penleds t�hat Lrander rcquircs, Botrower
<br />--: , shall alaa inauro a11 impru�-�mente on tha Praperty,whcthcr aow in existence or subs�pu�nAy es�ted,ngatnat loss by Raoda to
<br /> � , kl�o oxtent requic�ed by thc Secrctary. All insurAnce sha11 bo carried wlth uompaz�aTS appmved by i�endcr. 7'ho insurunoo
<br /> > g�oilcles and nny rcnawWs shaU ba held by Londer nnd ehall includo loss pAyAblo clauses ia tavor of.aud ia a form
<br /> ' acaptablo to.Lender.
<br /> �''�� In ttio ovrnt af toss�Barrowcr t�hall s���c Lendcr immcdluto notico by mall. I.cnder m�yr m9l•e proot of loss if not made
<br /> , promptly by Boreowor. Each Insuranaa oompany conoemed iA honeby authorip.sd and dicceteA tu mako payment for eueh
<br /> . �oss dl�cUy ta Lender. lnatead of to Bomnwer unc9 ca�l.ender Jofatiy. All or any pari oP tho insuraace pm.�aeda may bo _._
<br /> upplied by I.endor�at U9 o��.ion�oither(n)ta tho teduction oP Q�o indebtednss�un�"�r�ho Nota and this Sectuity�d,�.suument� _
<br /> first to any dcNnqucnt arravunta Appltecl in th0 order In Auregmph 3�and then to prcpayn�ent ot principai, ot�)to t3�e
<br /> `�J � �ratoration or rcpalr oP t�e duneged Ptopeny. Any applicatio�of the proceeds to tko princlpal shall nat oxtond rr posi}?e�a '
<br /> ,,�. tha duc dato oPtho mont�.ty�payraenta which are referred co in Paro�raph 2�or cha��g�tho amount of such paym�a�s. Ax►�
<br /> cxccss insuranoo procrc�ls c�xer an amount �cqulred to pay�ll nutetunding indetn:dnes.g under tho Natc and ehis Sccudty ; __
<br /> tnstrument shall ba puid csn G�e cnNty legaUy endtled thoreto. �''�
<br /> Ia the ovcnt of foreclosuro of thia Stcudty Instrument ar ather t�ansfer of t1cle to tho Property that oa�a..^Y,,uishes tho
<br />�.,,'•', lrtdebtcxfnes�.all dght.tldo nnd iaterest oP Bomawer in and to ineuruneo polleies in farca shail pags to the punhaser.
<br /> - S. Occup�ncy, Preservatlon, 1vfi�xSnte�wnce wnd Pnotectleee et the Pmperty� Htxmwer'e Lowa Applkaile�;
<br /> �` � I,wsetwids. Borrower eh�ll accupy,��tabliah, and uso tho Pro�zc��as Borrower's prirtcipal resldence within sury 8�p, '
<br /> � � After tho oxocutlon of thie Seeurity Insttument(or within siary days af a later e�10 or transfer of tho Property)aud s,.'�a11 ,
<br /> cantinuo to c�ccupy tha Hra��ray aa 8errawer'a ptincipal restdence far tu tepaa o.�year after the date af accupancy,�:�'_•� • _ _
<br /> . .., -° - _
<br /> _ _�.w,,��, - -� tho Leltder dctcrmirtcs t��s��',�r�s vuiii cuusa undue i�nrdsfiig for Rartawc^.vr uAlcss extcuanting circu�ces c�;;t -� _
<br /> r �3 r Z . which�+re beyand Borrowcp's oonFml. i�orrower ehall notlfy l,ender of eny oatenuating clrcum,gtanr.es. Borrower shsill t.x,�e _
<br /> �':+��'� �: commit wavto ar dcsuoy�dnmogo ar eubattuniaily chongo tho Prapcny or e11ow tho P�+operty to deteriorato,reasonable
<br /> , , rg-_�_.
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