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<br /> . •."•�;�� " BORROWBR 003lENAI�TTS tast B�xrower is 1awfWty SeLsed ai the est�te here�y aoaveyed and has the rIg�t to �'..��`-� ;�-
<br /> . , ` �°` `�.`�, g[ant au0 wmrey tne�roperty and ffiat the Property ts uaeaaimbered,e�aept far eas,umbiaaces oi reaorA. Boirawzr . ` � ".�� :
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<br /> - --- �.�anisandwIDQeft�een�geu�'alIY�ltetiElewtheProgertya�[nsLallcdaimsaad�emands.subfecitoanYenc�Drences , •"`�� 4 _
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<br /> . ' THIS SECURTf Y II3STRjJMEN'T aombines anifor�oovenaats for natIonal use snd nou-naiform coveaants with � ,`,.' '�
<br /> `°' �� `;,' , limited vartations by jnrisdictIoa w wnst�mte a unifoim s e c u t i t y in�ttoment cavering real pmperty. t . L
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<br /> � jJjljj�O�lj����. BQItOWEi 8Ild�AI�CT OBVC�Ilt S�d S�eC 8S�uOWS: �` ,�'-t, .
<br /> ° , ��� --� 1TIF
<br /> , ` : y pay�i�oiP�indpal,I�3 aa�i Iate� Bortawer sl�aU pay when dae the grf�tdpal o�and interest � � ,� - . '�
<br /> -�� on,the de6t evIdeaoed h}r the Note aad late c,�arges due under the Not� �
<br /> •. v ,
<br /> `= t `=:� Z �Pay��YT�,����� Borm�rer shall iacdude in eacb monthiy paymen�, � _
<br /> . `.�` together with the prInc�pal artd inierat as set forth ia the Note aud any lat��g�s,a som fpr(a)tases and sgeda3 .. ,
<br /> . .� .
<br /> �. . ',: ,'_:"_ �+ assess�aents tevIeQ or ta De levled a�inst the Ptop�rty.N)Ieaselta2cl Pa�ments or gtonnd rems on the Property,and �; . .
<br /> (c) preml�sms for insmance reqnired iiader patag�aph 4. In anp year ia whirdi the Lender mnst pay a mort�¢ge ..
<br /> � f� ` ' insuiance premimn to the Secretary of Houdng and Urban Deve2apment(°Seaeta�'�,or ia aay y�t ia whic�sacta . � __r,
<br /> - • =:�=`�� .premie�m�u2�bave beea re�nfrec�if Leader stiU fleId the Se�vrIry Iastrament,esch asontWY Payment shall atso = �__
<br />_ � inrlude eithei:.(ij a snm for the a�nal mortgage Insuiance preminna to be paid by Lender to the Setaretary.ur(i�a � E.s�—a,=
<br /> . ... � monthly charge Lastead of a mortgage insuranae premium if tt�ls Security Inatnunent is 2ceIfl by the Secretary,in a � _ ,
<br /> � reasonable amonnt to De determined by the SeQetary. Eacept far the monthly charge Dy the Secretary,these items _ry��__ .�.__
<br /> . .` � '. ' are ralled°F..ctow Items'and the sams paid tu L$nds�r are calted�TSS�►gonds.° , -
<br /> . .F �� Leuder may,at aap t€�wliece and ho2d•amounts for Fstaaw Items tn an ag,gregate amonnt not to esoeed the _. ;__T_,_
<br />_ ' . , masimum amannt that may be required for Bono�se�s escaow aacount uader the Real Fstate Seutemeni Praaedn�s .,z 4__<=-
<br /> � A+�af 1974.12 US.G§2601 e�seq and imp2�menttng regalations,?A CFR Part 3500�as tiiey may be ameade�from ��-; .-
<br /> t ,.: time to tince('ItESPA��esceFt th�t the cashian or resenre petmitted by RESPA for m�anticipated disbntsea�ms or �''t"
<br /> � ,,;;..� ` ' . Qisbntsemeants�efore�the Borro�ve�s payments are availab2e in tAe acconnt not be based on amonnts due for sIIe ;" ..:=7�-=
<br /> . � r �y , �.' -
<br /> , �, '.•, mor��������er for Fscraw Items esceed the amounts pe�itte4 to be held by RFSPA,Leader sLall �-`' -- ------
<br />:��. .. ::, ,. ,
<br /> � ;��. „': account to Bonower for t�e exaess fonds as mynired by RESPA 1f the amnnnts of fimds heId by Leader at any ttme . --- -
<br /> �.. ..� �;,.: are aot su�cIent to pay the Fscrow Items when dn�Leader aiay notify the Borrower and require Bormwer to�nake . - �
<br /> ':�. , :,;*, op the shortage as permitted 0y RESPA � �.._----
<br /> , The Escraw Funds aze p2edged as additional seWrity foraII snms se�nred by this SecarIty Instcament ff Bonawer � �.�m
<br />.- � `. ' tende�'to Leader the fall payaient of all sach s�s.Bflrrawer's a�oount shall be credited wtth the batanoe remain9ag . �-.;��;_ -- _
<br /> � ( . :: for all iastaii�ent items(a),(b).aud(cj and a�ry mortgage tasuranoe premiam hkstallmcnt that Y�eader�as not become .k==; --- -
<br /> , . . � �; obligated to pay to tfte Secretary,and Lender shall pmmptIy refaad a�r esa�s Pauds to�arrower. Immediately pdor �_ ----
<br /> < �. E ,��:: �� w a PorecIc�sare sa2e uf the Propert�or its acqaisitton by Lende�,Boirawes's aocount shaii 6e credited wlth aag batan,oe Y _ �
<br /> , �'`, ; remaining for all iastallmonts far items(a�,N)�and{c). � -=
<br /> � ' . _ � 3 APFI�a�tna�Faym�s. All payments nnder paragraphs 1 ana 2 sl�aall be appHed$y+Lender as follaws: r ": :��
<br /> - ,� �,to the m�s*�age insuraace premium to be gaid by Lender tot�ce Secretary or to the muntb�ty charge by the . ���
<br /> � :�`; Secretarg instead of the manU�Iy martgage Insarance prepaiam; � . ��
<br /> _ � . ��T SECOND•to amy tases.syestal assessiueats�Ieasehold pay�ents or ground rents,aad fre,IIood and other Hazard �.�n''. -
<br /> • . - insnteuce premiums,as reqoired: ��
<br /> � sw..
<br /> . . ;:'� THIItD,w interest dne nnder the Not� . `'. :--.�-:�:.
<br /> `� FO to aiaorti�ation of the prtndpal of the Not�and � 'f�'�x ` -_--
<br /> � . ,', a' F L�'�I,to late charges due under the Note. � �`
<br /> , . 4. r�"�e,Flood a�d Otae�Ha�d Insmanc� Borrawer sball insure sil imgrovements on t[�e Property.whethet --
<br />� �� .�� � . •. - �: � aosv in exts,tence or sud�sequenAy e�ctcd.against a�r ha�rQs,casualties,and wntinge��.s,including Sre.far wbic� � � _= _
<br /> , . �� .. �' .;; Lender requires insuranoe. This insurance shall be maintained in the amonnts and for the perlods tbat Lender � -,N._.
<br /> � � .� reqnires. Borrower shari afso fnsnre all fmprovements�n the Propeny,whelher now in extstence or snbseqt�e�ty 1 'f �� ;
<br /> "� � •,.i erecxed,agaiflst loss by floods to v�e estent requireA by ttee Scaetary. All insuranoe sha11 be c�arrfed wlth aomganies . :,•.,t^ •;
<br /> � approved by Lender. The iasara..^�r,�goIIcIes and any renewaLs shail6e held by Lender and sbaU inclnde loss payable ;'���x�����
<br /> `��� � � ' clauses in favor of,amd in a form aoceptab2e to,L�ender. '�•`• �..
<br /> � � 1n the event of toss,Borrower shaU gtve Lender immediate notice by mail. Lender may mafce proof of Ioss If not `=��{�=�"'����
<br /> � • , ' , . made pmmptty by Borrower. FacL insuranoe eempany concerned is hereby authorized and directed to make payment . .. .' '. '.
<br /> , . � . �� for such lo�directly W Lender, insteae of to Bonower auct w Lender joiatty. AU or si►y part of the lnsumnce � . ..
<br /> .�"�".;.�� . praoeeQs may be applied try Lender,at its aption,either(a}co the reduction of We indebtedness under the Note ead l.; � ��
<br /> . � ��°:,.�. : chis Seauity Insuument�Hisi to any deUaquent amonnts sp�Led in.the order in paragagh 3,anQ thea to prep,ay�ent .
<br /> �. �;;:.�;:�-:�;
<br /> ' _: of priucIpal,or(b)to the reswratton or repair of the damaged Property. Any apFl:cation of the proceeds to the .
<br /> � principal shall not extend or postp�ne the due date of We monthIy paylnents which are refene4 to in paragaph 2,or � . � '
<br /> � � .s change the amount of sueh payments. Anyescess insuranre praceeds over an amount required to�pay all outstanding
<br /> �; iadebieduess w�.Qer the Note anA this Securiry Insvament s�a]1 be paid to the entity te�lty entitled thereto. `:�., �� '�
<br /> � � �� ��, �+ In the event of forecloswe of tbis Sec�rity Inswment er other traasfer of title to e�e property that exttngu9shes � •�
<br /> � '. � "� the iadebtedaess�ap rlght,tiQe and interest of Borrow$r in aad to Insarance poltctes in force shall pass to the , '
<br /> - ' : ;:( purchaser. . .
<br /> j S. Qocapanoy. Pr�vafloa, I4�aiate�anae and Plr�otection of the Ptop�ty, Botmwe�'s I�n APP��
<br />: _:'�� � � L�asehu2ds Bonower shall occupy,establlsh,and use the Properay as BoaowePs prIucipal residence wltbin slxry days
<br />- . . � aRer the executton of this 5ecurity Instrument(or within siaty days of a later sa2e or transfer oY the Property)and shaU
<br /> . ��� coatinue to accupy the Properry as Bonower's princ�pal residenoe for at least one year after We date of oocupancy,
<br /> . unless Lender determlaes tdai requlrement will cause nndue hardst�ip for Borrower, or uWess extenusting � . �,
<br /> ' . � clrcumstaaces exist which are beyond Borrower's convoL Bonower shall aotify Lender of any estenuating ` ;
<br /> . •. � ��n nEen o��tu�r w�s __; :
<br /> noo��n,�m,N��soo���cs Page 2 of 6
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