|
___.. ` . ,. . . `:.:��' ___ . . . _' _'-- ..— _ ' ` . . _ __ __ _ .
<br /> . ' . ' %"- . .. : '" �. . _ � . . . _
<br /> __'—"-_ -.___- _____._'. _ ' _ . `[/� . �
<br /> . ' � ■ - _ _' ' " ' "" '. . �
<br /> - 90-1�i62G _ � ; -
<br /> � l.lqae�i a!PrtrdMi,Iataest aeA latr C9�e�Horrawer shall pap when due che principal oi.and iata�on.the dtbt
<br /> evideaced by the Note aad lue chazga due under thr NotG , � , � �
<br /> � 2.Mo�t�Pqrnnn olTara,I�uce sad OWerGar�.Earroarer shait iactude in eash mont�Iy papm�at,togeWa witb
<br /> ; (� the princi�l and inter�st a+set forth in the Notc aad anp tate c6arges,azi instaUm�at.of any(a)taxes aad special atssssments
<br /> � tevied or to be ltirkd against tEe Property. (b)teasehald paymeats or ground rents ou the Property,and(c)premiums for
<br /> iiuunaa reqarred by ParapgDh 4. ,
<br /> �ach moathlY instaIImmt for items(t).(b)and(c)shaU equaf oae-txelfth of the annual amounts.as rrisoaably esiimata!by ` �
<br /> l.ender,plus an amotmt suflicient to mainUin an addition�l balance oi noi more tnan oaasixth of t6t estimated amotmts.'E'tie
<br /> full aanwt amount for eac6 itan shafl be accumulated by imder witbia a period tading ona manth before an item wautd
<br /> . bocome delinqueat.t.ender a6all hotd ehe amonnu coUected in tr�st to pay items(a),(b)aad(c)befon thcy ba;ome detinqnent.
<br /> It at aay tiax the totat af the payments hdd by Lender for items{s),(b);and(c),together witb the future manihly payaienis , - �
<br /> for sus6 Items�yabte ta Lsadet prior to the due dates of such items,accads by more thaa ona-sixtb the estimated amount oF �
<br /> paymsats�[a psy such items vrhea due,and if paymena on tHe Note are ctrrrent,then Lender sl�aU eitha r�fiutd the .
<br /> . acass aver oaasixth of tiie estimated paymmts or credit We exoess over one-siuh of the e�imated payments to subsequeat '
<br /> payments by Horrower,at the aptioa of Borrower. If the total of the payauats made by Borrower for itea►(a),(b),or(c)is �
<br /> insuffi�ent to gay t6e itcm when dae�Wea Borrowar sh�U paY to Lendu aay amannt neassary to maice np the dtfi�itncy on or '
<br /> before ttre due the item becomes due. ,
<br />. As u�ia this Sesurity lnst�aazent, '�Se.cretary"mears the Seccetary of Housing and Urban Deveiopment or 6is or her
<br /> designee.Mosi Sa�ty,tastrummts ias�ued by the Secretary are iusured uuder progr�ms wi�ch require advaace payraenrof the ' •
<br /> � ��e mortgate Ias�r.�pia��mium..lf this Sa:ucity Instiument is or was insured under s progsam wLich did aot roquire advaaa �
<br /> ' ` - --- ` :. ms.iraace pranuum.�en each monthIy paymeat s6atl aLsoiaclude eit6er:(i�an instaWaeni of tkc �;.
<br /> � - yayment of the e�ic*:rn�' _
<br /> � annnai�wc��s�iaac���ta be p�d 6y l.euder to the Secrotary.ar(u7 a monthty chuge iustead of a mortgage ' • '
<br /> insm��i�if tbis Sx.cui�.tbstrament is held by the Suretary. Eacb montWy instaIIment of the mortgage insurance �
<br /> ' �iremiuux.�aff be in aa atnouat saffcient to accumulate the fuU aanual mortgage insur,�ace premium witb Lender one month
<br /> p�uF t�i".k.�datF the full aanual mortgage insurance pranium is due to tke Secruary,os if this Sccurity Instrument is hdd by We , ,
<br /> S�,each monthly chuge shalf be in an amount equal to one-twelfth af ono-half perceat of the outstanding principal ,
<br /> ,_ . . .. . bai��ue on the Note. . . � .
<br /> . ., .
<br /> I�L�i�trower tmdets to I.eader the full payment of a11 sums sec.vred by this Security Ir�isument.Borrower's account shail be �
<br /> cra��aed.with the bzlance remaining far all instaliments for nems (a). (b)aad (cj sad any mortgage insurance premium .
<br /> instaUme�t that Leader has not bocome obligated to�ay to t�e Seccetary,and Lender shalt promptly refuad aay excess fuads to •
<br /> , Borrowa.Imm�iately prior to a foreclosure sale of the Property or its acquisifion by I.ender,Bonower's account shall be ..
<br /> credited with any balance rematning for.aU installatents far items(a).(1�)aad(c). . - � , ,
<br /> • 3.Aj�istlo�ot Ps�e�ts.AIL 17ayments under P�S�Fhs 1 and 2 shaU be appl�ee!�w Il�:sras foIlows: � ' . .
<br /> P�'„#:o the mortgage�nemium to be paid by Lender to the Seccetary or rc�i-�e.��Y chazge by th�Seaetary � � ��-,._:.:, � '
<br /> . instead r*�iEt�e monthiy mortgage�-�ce Dremium,unless Borrower paid the entire ma.-�e:-��ce preminm when thls �.�:��'
<br /> Sa0lIt5''r�lffiCIItW345I$ilCd; � • ;.',;;.�_
<br /> ECm1�',n,w any[aaes,spocia!ass:s�„L�sehotd payments or ground rents,and fue.tlood azcd other hazard insurance , • �;'r`:',� :
<br /> premi�as reqnir�d;
<br /> ' T,�,�io i7lie[es[due Utlde[CTte IYtcr::�: ,� � .r
<br /> kOL'R'�.`to amorti7auon at tIi.�srincipal of the Note;
<br /> �,to late charges due un�es the Nota. '
<br /> 1.FUe,�7nod ud O�ter Hasud tawn�cs.Borrower shall insore all improccmenta oa ihe Propertyr,whether now in eaistena
<br /> or subsequentJy erocted,ag�inst any ha�rds,casu�ItIes,and contingencies,iriclad"u�g fire.for whIch Lender requires insurance.
<br /> This�aaa ahall be matatained in the amouats end tor the periads that Lender cac,�:�es. Sonower sha11 also insure all � •�
<br /> , � impres�nts on the ProDecty,whether aow in e�istence or subsetluently erected,agaiu�C��by floads to the eatent required by � . , ;�
<br /> ' the Se�etary.All i�uurance shall be c�r:ied with companies ag�r�ved by l.ender.The f�sy,s�ce polieies and any renewals shall ;i
<br /> ' be hetd by Lender and aha11 include toss payable ctauses in fa�•cr of,end in a foras acceptabte to,Leader.
<br /> dii t*te eveat of loss.Borrower shall give I.ender immed3ate�g�se by mail.Lender may malce proa f of ffa�if not made prompt- ;.�..;
<br /> � l��g&temwer.Esch inswance company concerneQ is hereEl+a��koriud and dirated to ca,aice p�yr�e:�;'�or such toss directly to :,.
<br /> l.eedQ.�i�sad of to Boaowes and to Leader jointiy.All or�a.�yart of the insurance prc�is aeay bea�plied by Lender,at its ,'�,.y ��•
<br /> optiaa,csher(a)to the roduction of the irtdebtednas unde*c3ie Note and this Securita �-�_�.,s*a-r;�aec.t, first to any del�nquent . ; -
<br /> . amaunts aypllod In.Che orda in Paragtayh 3, and then to prepaymtnt of pdaciDal.or(53:o t�se reM.�ation or repair oi the �'.
<br /> � dam�ed property.N�g appllcadon oi the procads to the pdnciDal sha11 not extend or pose�;:te Lhe�"�Jt date of the monthly ' �
<br /> paymenta whlch are;ecerred to in Paragraph 2.ar chwge tht amount of sucd payments.A���ccrss insurance procecds over an ::�
<br /> • amount requlred to pay all outstaading indebtedness under thc Note and thIs Secudty Instc,�m�::t shall be paiA to the entlty legal• ' �# '
<br /> � 1y eatitted thereto. • :
<br /> In the event of foreclosure of thls 5ecurity tnstrument or other transfer of tlde ta the Proyeny that eaunguishes the in- �
<br /> dcbtednes�.all r�ght,title and interest of Borrower in and to inswana polic�es in 4orce shall pas.s to the purchaser. : •
<br /> S. Pt�enatb�uA Md�tewee ot t�e Prooerty.I,e�r�s. Boaower shall not commit•was;e or destroy, damage or •
<br /> . , aubstaittia]I�chaage the Property or aUow the Property to de�orate,reasonable wear au.d acar excepted.Lender a�,�Inspect
<br /> the praparr.�t it the property is�cant or ab�ndoned or the tazm�s in defnult.Lender mayr cm�reasonabte aclton to D.fotect.and.._. .. . . .... ...
<br /> _._.._....------- --�- - . . _ _..__. .. .
<br /> , �, praerve sss'.s vacaai or itiandoned pioperty.lf t 5ecunty nstrumeat on a leasehold.Burro+xer sAxil ramy y wlth the pravi-
<br /> sioaa of the kate.[f Borruwer acqulres fa title to the Property,the leasehoid and fee ticte sha11 aat be merged untess Lender
<br /> aBas to the mergcr'sn writing. •
<br /> f.C��r�a to�oerawer iu/ProtecUo�ol'tk.e�ePs R1jYb b tre Prooerty.Borrower:�(i pay all governmental or municipal �
<br /> . rhu�a.t�nes and impositions that are nat 1nc_udcd In Paragtaph 2.Bot�ower s6all pay 7�*.�c o6ligations on time directiy to the
<br /> entity Mhkh is owed the payment. lt tailure ta pay woutd adverseiy s�ffect Lender's lntertst iu the Property,upoA l,ender's ra
<br /> quest Bortower ahall promDtly furnish to I.eudcr rectipts evidencing Ihese payments.
<br /> If 8orrower fi11s to malce these p�yments or the payments requ�red by Puagrapb 2.or tails to perform any other covenants end
<br /> agraments contained in thl�Secusity insttumrnt,or there is a Iega1 procading that may signlffcantty afPect Lender's rights in �-_--�=_
<br /> , the Property(such as a proceedins in bantcruptcy.for condemnation vr to entorce laws or reguiations),then Lender may do and �
<br />: D�Y whatever is necessary to protect the value of tht Ptotierty and Leader•s rights in the Property.including paymcnt oi taxes. •
<br /> huard insurance and ather items mentioned in Puagraph 2.
<br /> Anq amounts disbursed by[ender under this Paragrapb shall become an additional debt of Borrower and bc secured by this ,
<br /> - . . , SscuFilY l�esil�eusssit.T!!ss=ssssCa�sls slss!!�ss inlares[itoae tke dait ui disburse�at.at ltss Nott�aie.and at t#K uptinn of • �
<br /> ' Lender.shall br ic�mediareiy due and payable. _�
<br />, � i.Coi6e�wpfb�.7'he proceeQs ot any award or claim for dunages.direct or consequential.in connectivn with any condem-
<br /> tuUon or uWdr tal�ing of tiny p�tt ot the E'rapeny.or for conveyance in ptare of condemnatian,are herehy assigtted and shatl be
<br /> paid ta Lertdtr to the eatent of the fuU amount uf the indrbttdness tha!remain�unpa�d under the S�fote nnd this Secuaity Instru• .M1
<br /> mcnt.LeadeT�hall app3y such proceeds to th�reduttion bf�he indtbieJness under the Notc ar�d this Secutity tnstrument.first tu �
<br /> • any dNifttIutnt amounts epplitd in tFie ardtr prwided ia Ptuagrapb 3.ettd then ea atepaym.�nt oi princip�l.Any applicali�n cif
<br /> the proceeds to the pNncip�l sh�l1 nut e�tertd or postpone thr dae date ot the m�nlhfy payments,which are refeired a.in
<br /> P�rag���h 2.'vr ch�nge ttte amaunt ot such paymtnn.Any exCess yruceeds avtr an�fnount nquirrd fo p:�y-a1f autstaudinF in• � . t .
<br /> _ dtbutlnes�undu 16e lV�ott and Ihis Stitiu�ity fnsirument shall bt patd tu!he ent�ey Iegally entitletii therelt�.
<br /> e. �'ees.t.cnder mgy cvsltect tee4 an�ch�r�;e�authoriied bv the tiecretary `
<br /> � NJItP I t�f Q �� ...--_.�._....�._... �
<br /> --- -- -
<br /> _ -�.._,.�_._�.�.�,�_� --- _ _ --
<br /> - -— �: .:_= -..._.___._._...,._. .-_e iiH"ti[NiPi'id.wi�S+iFGd-NwTwiIIFF '�YrYAlii��IT�'r/aYr6A+ B!i!AWGa43.R"-�.•3F-"�F — - r�aae-i�s"i'l��'llii0i�.iYFwi60.���-.
<br /> ...�� �cao�..g�rr�..:. -.z r.�._-c—.---r- .`�. —� -��� _._.t�. � .�._ -r:^- --�-i . .—rz-rr"_"_- _ _ �. __ " _— _-_ _- ___
<br /> - _ . . . _ -. z . ._ --T--'T.F'r�2s..--,_T-----i �-� .� rc-.��. . . ... _ . . ..
<br /> .r?r s'i� 7� �_1� .��.y-_ . �.a.�..�r-�..� ..�-`-� . � --�'`Ti ._��_ . ��'��� ". . ;�...� _ _ -�.._
<br /> xr_l,�ii�"�t�.. . .;.- .. _�. _. . � .. , ' . . � .,I�..1.�, .i• _ . '� . � � ���-T-_�_ .
<br /> . . � �
<br /> .
<br /> ._. . -. .._ _ . � - ' . .' . _- . . _ . .,
<br /> �
<br /> ..r� --.. .L _
<br />
|