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<br /> '-`�`;;7� '�"s BoRla4v�►ffit CovavArtTS taat aorr�wer is EacrPul�r s�a oY tne esmte Icere�i w�and t�as tee�e m. �
<br /> ` � . . �tant and caavey'�e progeny saQ tt�ai the PaoFesty is naecwmbered.eaoepg for eacomDrauo�s uf reaor�.8�macves ::, - ,-'
<br /> . '' ' : �, ° wrarraats sud aIl�defeud geneealtyths tItIe ta the�ing�►agatast stl ctaims aaddr.mands.sab��t to auye�camBtattaes , �`��'�
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<br /> - � � � �`��_° of secord. ' ��'.`
<br /> . . t� , � THIS SE�UYtITY 1N�TRLJt�AFf ao�bines�miform ornrynaats for national vse aad non-unifnrm oovenants wIth � • �
<br /> � � `�'� ��_. . �varl�tIuas by jostsdic8on to oonstimte a nn�fo�n secarlry instn�ent aavertag real pmpeny. � - k
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<br /> - �. ETNICORM DOVENAt+i'Y'�. Bairawer aa�LendEr caveaant auA agree as foDa�s: _
<br /> . ` . �. P�oY�P,�t�I�r$� �orravrer s�all pay whea dae ttte prIadgal o�and�nterest `
<br /> ��:_ ar�,the debt evIdenoed�y the I�ote sad tate charges dne uade�the Note. �
<br /> � ; 'Z �i�'i3�'f�t OT��i " ��� BOIIQLY�i SABU�IICIIIdS$t BBCh m1t1IIt�IjIg3jl�Dis _a�
<br /> � .� �..� ;, tagether arIth the prfncipal anQ iateresR as set farW ia ttie Note and aay late chargas,n sam for(a)�and spsdal - ,
<br /> �- � �" '�- �ments Levled or to be letr2rd agaiast the Prnp�rtY.N)IeasehoZd gayr�nts or groun�t rents oa the�rape=cq.and . �„ _ :
<br /> : . `. . f�)D��for tngu:au9e reqnired nnder para�apII 4. In aay year in�vbich tLe Ireader myst pay a mnrt�ge ' ' . `.
<br /> �; , �;� insnraace preminm w the Secaetatg aYFiousing anA U:ban Deve�pment('Seca�e�,or ia aay pear I�wh��h suc� A_�.�;;.�
<br /> - *�tn�wc�nte tiave haa requireQ if Leader stAl held the Sec�tq Insuun►en�.each m+onmtvpapn�ent�iall also ` �
<br /> -: ';�:. #�ude eiti�r:(�a sam for tlis anaaal martgage insaraaoe premiam m ee paid ep Le�der m t�e�ae�ary.er Ei�a ----- E L • _
<br /> ,�� ' ` ':° , �onWty cdiarge insteaQ of a m�ost�ge in�anoe premin�m if tMs S�aiiry�nsuuffient is heI�bq the Secretaip.ia a � z .��.�
<br /> . '._ , : ;,e:: reasanable amount"to 0e detetmined by stte Secaetary. F$aept for the monthlY charge DY tt�e 8eiaetary.these items. . m',
<br /> .• �.,i . >, ai+e ralIed'Fa�za�v Items°and the snms paid w Leader are caI€ed'Fscmw Fands.° .'�"-s:.
<br /> • I�ad�zr at oollect and IIoId amounm for Fsciaw Items in aa ags�egate amuunt aot to e�xed tice ' �'�, .
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<br /> �...`, � m�dmnm aacuunt that may be reqnired fos Boirawer's esc�+asv aoaount vnder the Reul Fstate SSWement Prace�ue,s '�-.�,�=•,
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<br /> `: ' .°" ;:°, As�of 1974,12 U.S:C§?b01 et s�a.aa�implemendng regnlations►24 CF8 Part 35QQas thc�p�ay beanaended fnom .�.:�.�r.+�r'�
<br /> f ��� time to tbue(`REFPA"?.es�ept that the ca�hion or reseive pe�miued Dp RESYA for nnanticipated Qtsbausemeats or _-
<br />� _ .. ,i.� � . . disbat�m�s Oe,fc�re tIIe Borrotiyer's payments are available in the ac�ouAt map aot be based on amonms Qae fos tite _
<br /> � ^ ' ��&e�Premiu� _ -,f,.
<br /> If the amflunts�eId Dy Lender fnr Essaraw Itemg escced the suconnts permitt�ta 6e held by R�SYA,I�ender sbaD --
<br /> '.: i acconns w Bonawer for the esress fonds as reqolred hy I3PSPA 1f the amflnnts oYfands held by Len4es at�ay dme -
<br /> _ . � ' � ar�natsnfficdent w�ay the�scrow Items when dne,Leader may not[t�r the Boimwes aud reqaire BoAOVVer to ma&� ° . =
<br /> - - - . vp the�hortage�perffiiaeA bp RFSPA . . ;°`,� -
<br /> �e Fsarow Fuads are PledSe�as adflitional secarlty for all sams secured by ti�is Sewilty 1msVament tf H+orrawer t h�; _.
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<br /> ��':� : tenders to Lender the fall payaieat of all sach sams.Burrawes's ac�oonnt sb�all 6s caedited P�ith the balause remainlag ��`' . �
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<br /> - , for atl Installment items(a).@1.aaa(c)and a�►�ortg�ge insuraace preminm Installn�eat t�at LenQ,�r Las not beaom•. . �-:��,
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<br /> _ • obUp�ted w pay to tIle Sr.cdeta�►,au�Leader sIlall gramptty re�ndany es�s�unds'w Bouaw�: I�ately prl�z . ��,:_
<br />- � y� ' '. m afo�dosuresaleo�che Properiy or itssscq�hyLender,Bormaver's aaaovnt sharibe�aeditedwIti3 anq bataqoe• �
<br />` .. remaining for all iasta�isaeats for�items(aj,(D),a:�:�(c)• � '?=�.���:
<br /> ' � � ���f� All Papments aAder paragra�hs 1 aad 2,sbatl ba applie0 by I.endei as follau+s: ,�,.�..
<br />_ . . FIl2S°��td the mort�ge insurauae gmmium wbs pffid by L+ender to the Secaetary or tsa tiise monthty c.�er�e bry the ' -��:
<br />--_ � .. � Secreta.ey i�d of the monthly mdrtgdge insur�uoe p:eminm; ��
<br /> ••Y ,. • SECOi,�,w a�r ta�,spedal assessments.leasehoZd payments or gound rents.aad�re�Qood and oiher I�rd ��;
<br /> ,�. ` � Insuraaoe preminms,as reqnired; �
<br /> , . ::� dus uadec the No �`�
<br /> . Ii ,W fnterest i�
<br />_ � � OUI� w amo�iratlon of the prtn�pal oY the Not�an4 ; x., .
<br /> ' .;� � �T�.I`m late cl�aarges,dae ander the Natez � � � -
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<br /> � : ..� 4. Fue,Fiflod au�Ot�a fia�r9 IasQraa� Borrawer sbaU insnre all impr�emeats oA the Yropeny.whether . f � ;
<br /> _ � '' . � . .� " aow ia�sTstenca or subs�qnently ereaee,a�iast zny h�zarGs,casnalti�a,and oantingent�Ies,incdading Hre,for whic� � y s;,
<br />_ - . ���`� ., Lender reqDires insaranc� TGis tasurauce shall be maintained in the amoants and for fIIe erloQ� tbat Lende� . ,;.
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<br /> _ � � " °�'� Yeqaires. �omawer shall atso insure all impravements oa the Esoperty,wheWci aaw ia esisceace or snbsequen� �
<br /> -- _ . � �t ereaed.ag�inat toss by IIaads ta the estcnt required by the Secretary. All iasuraaoe shaU be carrled wItb�vmpaniea .� �-�=_ �
<br /> � � � . ..;E approved by I,eaQer. 14te Inswance policI�s and suy reaexrals shall�be he18 by LenQer and s}�all inclnde Ioss payabie ;:•�:;:`
<br /> x � � � claase.s ia favor o&aud in�form accepta6ie to,Leader. • , '" �� _,"
<br /> �� ' , 1a the event of loss.Bonawei sball gtve Leader immed:ate natice by mail. LeuQer mag make praoP otIoss if not . ' '�y;:
<br />� � ' ma�e promptty by Borrawer. Fach lnsurance compauy waaz¢ar.��s$ereby suthorized and directeeA to m�age payment - --
<br /> .-�-- -- _ _— frn snch lass dtrectly ta Lender,insiead of io Bonower a�e�Leudes jflintly. All ar any part of t�e insuranc� -_-- -_.
<br />_ �� : pracce�i may be applied Ay Lender,at its opttoa,eithet(a)w the redncaon oY tke lndebtedae�s nnder tho Note and . --
<br /> . ttlis Se�uitq Inswmen�Sist to any dellnqnent a:aonnts applted in t�e orQer in paragceph 3,aad then to prepayment -,: -
<br /> _ . . . of princlpal,or(b)to thci restoiatton or repair of the demaged Propeny. Aay applicatIon of ehe prooe�ds w the =_-
<br /> �� � � � ,' prindpal shall aat estenA or pastpoae the due date of tt�e mcrlthIy paymen�s wIIicb are refened to in paaagraph 2,.or . .
<br /> =� ' : . change the amonnt of sac2�payments.'Ai►y escess insnrance prooeeQs aver an amoant reqoireA t�PaY all ontstaamng : ' -
<br /> '- .,. . � iadebtedness nndes the Note and this Security Instrument shaU be paid to the entity tegalty entitled there% � �
<br />"��:� � • . tn the event of f�re�dasure of t�is Security Iasu�ment or other 3ransfe:of dtie to the Propeny tbat eatinguishes �'���
<br /> ' � � . . We 1nQebtedaess, �a�ht,title aad iateress of Boaawer in and to insnrance pollctes in force shaU pass to ifle
<br /> . � , ,� purcbaser. ' : .
<br /> , S O�cnpaus�r, �fc+cs�vati�n, R�uintecance aad Ys�� oi t�.e Ymg�ttg� Boma�s's l�n Apg�n;
<br /> . " � IBasehol3�. Bonpv��shall ocwpy,establlsh,a;�i�ue the Yraperry as Borrower's prtacdpai resldeaoe wlttain siriy days •.
<br /> _ � � 1 after lhe esecntion of t�s Secariry Instrumeat(ca within sixry days of a tater sale or transfer of the Property)and shall
<br /> ,�� � � # cnntinue to oaupy the Propeny as Boaaw��°s grincipal residence for at least one year after the Qate of occupanry� . ` �j
<br /> • • : . ,� unt�a L�eaQer Qetermiaes tbat reguireasent w1U cause uadue hardship for Borravrcr, or untess aaennating .:' .
<br /> clraunstances eaist which are beyoad Bonawer's conuol. Borrower shall notify Lender ot any eatennating
<br /> ' 1�ffi8R/LSKMY�AD�OF1itUSr 4N6 , .
<br /> :��. n�oamme 9isems tm(eoo�aa¢Ltsa Pege 2 oi 6 � �
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