|
;�
<br /> .�: --
<br />-�
<br /> _ 1 ��
<br /> , �
<br /> � 90-°� i018S 9
<br /> 1.F.ywrr�uf Pri�ct�wi,irieres�.ri�.aie f.�rrie.E4urrawer sh�ll pay winan�ue thc priuciFat nt,ond iuterest un,thc dcht
<br /> ctil�cntcs by tA:Rat�utid lats c::u�:.dL:un�r. the Nose.
<br /> � 1.Mo�fN�r f�s�b sf T�xa.I�wn�ce nN(?I�(,'i�n.Rorrowe�shaU includa tn e�ch manthly p�yment,to�cthcr wilh
<br /> tht ptincl{�l�nd Irttetest as�et fotth in the Note u�d�ny lata char�a,�n ir�t�ltment of any(�)t�aca�nd special�sxsaments
<br /> kvied ar to be kvkd Kain�t the Property�(�)kuehoid p�yments a��raun�renta on the Prapmy. �nd(c)premlum�tor
<br /> in�unnce�uired by Paryr�ph 1.
<br /> F.�ch++�ontMy in��ikn*ne(oe item�t�)�(b)Rnd(a)�hat!eqwl vne-twrihh�f Nu artn►►a!smouass.as rs�cT�r�1[y e=_rfm�ted by
<br /> Lender.pW�an aMOt�et suf�icknt tn mdntaln an�dditbnal Dtlance ot not more th�n one-sExtH QE chr esE►.rteatecf�rn��uux�.The
<br /> tull�nnw�t unauat foc each item�h�l! be�ccumut�taf by I.ertder wlthin s�-�bd e+��.aa one ma+uA before an,��un� woutd
<br /> b�eome deNnquen�.Lender�U hold�he�nwunu coikcted in truu to pay item�(�1,�l�P esr.3 Qc?l�efece tl�r Qet�.*rar�dlir�,ucnc.
<br /> If a!�n�r d�e the tols!03 the psymeeta held by Lender far item�(�),(d4.a:�lc�+.ev�eefier witA s!�G7r.rre rraa."y�aymer.:�
<br /> far such items p�yabk to Lender ptior to the duc datea ut euch item�,e��by mo�e th�o one-six;�t��e�tim�ted amaunl at
<br /> p�Yaxnt:tequired to p�r such items when due.and if p�ymrnta oo the Note are cunent.then Lender shall either�efued the
<br /> e�w ora one-�ixth ot the alla�atod p+�YnKnta or credlt the ea�asa ova one•si�lh of ths attmated p�Yme�ti to subsequrnt
<br /> p�yrneats by 1lorrower,�t the option ot Horrower, It the totd of the paymente msde by Bonower for item(af,�b).or(c)is
<br /> insatfkieat to pay the itaa Mhea due��hen Borrower�hW pay to Lmder�ny�maunt necesury to make up the deticiency on or
<br /> bt�ore 1he tMte the Nan b�coma due.
<br /> � M uMd la tAi�Secudtr inrirument. "�er�etuy" me�nu�?he SecretacX af Housinj and Urban Ikvelopment or his o�her
<br /> dai�noe.Most Security Instrument�iasured by the Secteta�a�+�e insured under pto�ams which require�dvaMCe p�ymrnt of the
<br /> eMi�t tnort�e i�uutanae pretq`.x�.I(this Security Instr:zmr�sit i:s or wa�insured under a pro=r�m whkh did not reQuire advance
<br /> q�}�t ot tbe enti�e mort�e lmcuu�ta►ace Dnmtum.then anc?�monthly pa?ment ihall alw include Nther:(i)an insttliment ot the
<br /> � �aat+wl mort�c h�urance pre�nl'a�sz►.eo!�t�;mi;�by Lendet to tAe 5ecce�aa+►, or(ii) a mont6ly chu�e instad of a mort��e '
<br /> iwNtr�aoe ptc�iamm i;i this Sectti�ic!r Cnstru+�u�7 6a held bY the Srctetarr,�,rr:h moathty in�ullment ai the mortjqe insut�nce
<br /> pRa�fsan sb�B be Ua an xmount a�.+l�kknt to aawmulate the fuU annwu mwrt�e insu�ance premium with Lender one month
<br /> pefxca Ua the date tfie tuU Rnnu�my�ry�iewrsnce premiu�d�slue ta tl�e Secreury�o�i�thi�Secu�ity Instrument is heW by the
<br /> , Sear�.vy.etch monthly c6aqt�fD��, in�rt amaunt ea?�a��:a,one•t+�slRh of o�ahalf percent of the outstand3��nsipa!
<br /> b�t due e��,cl�t Note. .
<br /> � ii�orrQ�t��ta 1.ender the t1c4C�rrr.r�eat oP vl sums ee��re�E 6v.�uyis Securi�y I�auumertt.Bcvca+er's anrvnt s!►a!!de �
<br /> ' crldited with tl�e bal�nce remafn�s for aU?izw[allments far ecan.s ta1.lb1 and (c)�nd �ny mc�g�s imsura�nce premtum
<br /> � F�pll�ent that Lender has nat Ilecome obti�ted to p�y ta�the SeeretarY.�nd Lender shall prom�r.lt�r ce5�nd any excas Il�nd�ta �
<br /> !l�zz-�wer. Immediately prior ro� foreclosure ssk�f che b'c,o�eny r�r it�ac4uisition E�F'd.ec�der. Sarrower's aeroummt sliall be
<br /> ' rc�'ited with aey balanoe rem�ininj tor W instaliments for items(a).tb)and fc).
<br /> 3.A�e1�t{o�oi rq�b.All p�yme�ta under p�r�=raph� 1 �tnd Z shall be�pplied by Lender as follows: �
<br /> Fj$�.to the mortp�e insunnce prcmium to be paid by Lender ta the Secrelary or to the monthly ch�r�e by Ihe Serret�ry '
<br /> instad vf the monthly mort�e iniurance�rcmium.unks�gorrower paid the entire mon�qe insur�nce�remium when this ,,
<br /> 3eeu�i�y Instrument�v��:isnM:
<br /> ,�.to any tua.apecial attes��nenu.kaxhoW ps)ments os paund rems.and fire.tlood and other huard insunnce .
<br /> �t ums.a roquircd;
<br /> .to intKest dur under Ihe Notc; -
<br /> ,to amatization of the principal of the Note:
<br /> .to I�te char�a due under�he Nae.
<br /> 4.�1nt.fLN�M(Nke N�w I��ee.Borrower ehall insurc all improvemcnts an tht Property,wheiher now in existence -, _
<br /> or tub�equently aected�ua0nst any hazards,casualtie�,and contin�encies,inctu�iin�fire,far which l.eoder requires insurance. —
<br /> This Irounnee sMll be msint�ined in the �mount� �nd for�he peric+As�hat Ltnder requiros. Borrower�hall �Iso insure all .
<br /> improranent�on the P�operty,whtther now in e�ixlence or suDsequenUy erected.�sainst loss by flood�to the e�ten�requited by
<br /> the Secret�ry.A!1 tesuruiee shd!be earried with campanka�pproved by Lender.The insurance policies and any�rnewals ahall
<br /> be held bp I,eede�u�d thall include bss p�yabk cl�uxs in fsvor oi. and in a form aceeptabk to, Lend+er.
<br /> In the event ot ba.Bortower�hall�ive LenQa immediate notice by mail.Lender m�y mxke prooi of los�if not m�dt prompt-
<br /> � ly by 8orro�rtr.Fach insurance comp�ny conce�neA ia hercby authorized�nd directed to make p�yment for such locs directly to
<br /> lander.inuad ot to Baro.ver snd to L.ender jointly.Al)or any p�rt of 1he insunnce proceeds may be�pplied by l.ender,at its �
<br /> oqion. Nther (�)to tlk teducHoa of the indebtednas under the Nnte and this Sesurity instrument, first to any dtlinquent
<br /> amountt�pplkd in the order in Pan�raph 3,and then to prepayment oi principal. or(b)to the ratoratian or repair of the
<br /> dama�cd ptoperty.Any�ppliption of the proceeds to the principal sh�ll na extend or postpone the due date of�he monthly '
<br /> paymmts w�hich ue referrcd to in Puytapb 2.or chin�e the amaunt of xuch payments.Any cacess insurance procads over�n ',�
<br /> amount rsquircd to p�y�tQ outuandinj indebtednes�under the Nats and thl�Serurity Instrument shall be paid to thr entity lraa!- ,�
<br /> ly entitkd thereto.
<br /> In the event of foreclosure ot thi�Secutity Insttument or other transfer ot titk to the Prope�ty Ihat eatin�uishes the in-
<br /> debtednes�.all ri=ht,tftk and intetat of Borrower in and to lnsunnce polieies in force shall pass to the purchaser.
<br /> S. �naer��tlo�ur Maia�ewce ot tM�e tro�eNY� I.eauMoWs. Borrowrr shaU not commit vrastt or destroy, damage or
<br /> substantially chan�e the Proprny or�Ilow the Property to deteriorue,reason�ble wear and teu excepted.Lertder msy inspect
<br /> the ptoperty if the propmy is vacant or abandoned or the totn i�in detault. Lender may take rasonable actio�to pto�ec�and
<br /> praerve such rac�wt or abandoned propeny.If this Securisy Instrument i�on a kasehold,Borrower shtll comply witb the provi-
<br /> �ione ot tl�e latie.l[Borrower acauira fee�i�k to the Properiy. �he leasehoiQ and fee titk ehdl rtae be me►Red unless Lender
<br /> a�rea ta the taeryer in+�ritins.
<br /> f.C�a t�i�trowt►a�hotecUo�o!Lewier'e Rl�t�I�t�e Pw�eMY. Borrawer shall pay All a�vernmental or municipal
<br /> ef�tle!.l�ts t�iQ l�pnsilf�sn tkai an nos inciss�ia Parsgaph 2.P.uara+xrr shs!!pa3 thcsr abNgatians on time di:Rtiy to the
<br /> entitY whkh is ow�ed!he paymtnt. If(ailure to pay would adverseiy sfftct l.ender's interest in the P�operty,upon l.ender's re-
<br /> �uest Borro�et shtll promptly furnieh to l.endtr recelp�s evidencinE these payments.
<br /> If Borrowra fuls to make these payment�or the payments ra�uired by Paa=raph 2,or fails to per(ocm any other co�enants and
<br /> �reemenls conained in this Security tastrument.or there is a leaal proceedina iha� may signifiantly affect L.ender's righis in _ __
<br /> the Ptopetty(s�l�as a proceedin=in bankrula2cy.far condemna�ion ar to eeforce laws oc«auiations),then l.endrr may do and ' T
<br /> p�y wl�atever is ntresaary to protect the valne of the Prapeny and 4ender's r9gh�e in the Propeny, i^r6udind Qayn:em af taxes, �
<br /> Aazard lnaurance and other itec�s mentioned in Paiagraph 2.
<br /> A��sy amounts disbutsed by Se�ier undet this Paragratk sC�.sf)berome aa addi�ionaa �e�cs oS Borrow•ei a.�:�Ee sec::rrd by�his
<br /> Se�ctierity Instrument. 7'hese sa:�unts shall heu in�erest fre�the date of disbursemena,a1 the Na:r _•a:r, and ac the opiion of
<br /> I..ender.ahall be immedi�tely Que nnG p�yabk.
<br /> ?•C.o�ie��tia�.The prooerds of eny award ar eEaim[er 6amages,direct or consequential,in connection with a:y epndem• �
<br /> L aaiaaa or otAer takit►�of aay p,ir.of the Property,or tor ccM�.eyance�n place of conder^nallon,are hsreb3•assigncd and shal!be
<br /> prid io L,eoder ta the extent of the full amou�t oi the inde�tzdneu that remaitss unpaid under the Note�nd this Sccurity Irsstru• �
<br /> ment.l.et�der ahall�pp1y su�h procetAs tc+Iht redurtion of the lndebiedn_ss un:3tr the I�Iute and this Srcutity Instrument,first iu ^
<br /> any delinquent a:�evn�s eDplied in tt�e ordcr provided in Par�raph 3,anA�hen to prepayment oi pnncipal.Any applicaUon of
<br /> the procted�to t@Se prine4pal shaU not exttnd or pvstpone thc dur date of the mon��ily pnymrnts, which arc referred to in �
<br /> Psra�raph 2,o*ch�s�ge Ihe amount of such payments. Any eacas prr,retds ovrr an an�oum reyuircd tu pay nII autsianding i7• �
<br /> cfabiedness under �he Note end this Security Instrurt�ent shall be paid to the eti�ity legally enntled �hereto. y>
<br /> !l. fee9. l.endet tt�aY collrct fees anJ chargec pu�h�r��t�d ►•y�h�eeci•!ary.
<br /> I'JfiP. 'l I -.____. . --__.� ..._
<br /> _J
<br /> __ �T._ .�,.,� .��.w -_ _ __---
<br /> .v4 _-' :.y„ • . .,� ihc! .�ysrwwc- f'F`i�''Yr.'�:!"' — —_
<br /> _ . . ' � ., y.'. .. ._. • _ � . _. ... r. . . � � x :Z��.�r e_sar_• -� � --
<br /> y , - . ' t� . " - ._ . . � .. . . j.�i � _" " __ ._ r,. t�_ ." _y�• __ _ _
<br /> � . . , �1h�_ ;t:: ��;;�r:_ � _--
<br />
|