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<br /> � Each month Inxt�Mrn�nt for kerna �, D md c) •haY --' �.�2 4 0 5
<br /> �Y (1 ( L i �qual onFtwatfth ot the ennuai �meunts,�� rc�sonabty ostima u
<br /> bY 4�d�. F���n�mtwnt wffkient tc►mak�tak��n�dc3itionat b�t�nct o1 not more than one�sixth of the e9Umated emounts.
<br /> Tttl ru7 'wr,it,iit�i�iiou�i�ot sach itoni ahaG t►r acCUmuNted Cy lender wttAln s petioti encfng pne month belnre an item �vputd
<br /> b�co�'�d�Mnguent. L�ndar�ha� hold th��mounta coMected tn t�u�i to p�y item�(a}, (b),and (c)betore they becorne delinquent.
<br /> � M d�ny qrt�th�total pl th�paym�nts hMd Dy LMder fa ksm�(�), (p),�nd (c2,toyethe►�vNh the tuture mont�ry p�yments
<br /> kx auGh qsros pay�Gf�tu Lwtsta�r ptlot to lhs du�d�tsa of euch ISems,excaeda by mors ih�n one�abcth the eetimated�mount
<br /> ot pay�r�ts r�quir�d to pay wch awna wh�n du�.�nd H paym�U os�tA�Note ua cu�r�nl, lhen Lender ahaM eitt�er retund
<br /> th�excass ov�r ontabAh of th� �s1Yn#t�d paymmts or c��dit th��xcs�a ovK one�sixth a}tha e9thnated p�ymants to subsequenl
<br /> P�Y��n b1/ E3o�owK,�t th�optbn ot 8ortow�, M ths tota! oi th�pay�ments rt�d�by Borrowa tor ftem(a�, (b), p�(G2
<br /> b insuMid�nt to pay th�R�n wh�n du�,lh�n Barower sh�N pay to Lend�r�ny�mount �ecesaary to make up lhe deflciency
<br /> on or bMon th�d�t�tM k�m brcomRS due.
<br /> At ut�d M thi�S�curity k�aUum�nt, 'Sscr�Ury mNns!h�S�a�te�y of Houain9 and Urban Developmant or hts or her
<br /> d�ipnN. Mwl S�curiry Instrum�nb insured by ihe S�aN�ry an inwnd und�r pto�ms whkh rpuk�ad�rance payma�t o1
<br /> ' iM�r►tin mort�inwnnc�prrrt�kxn, R thb Secudty I�atrummt h or w�� insund under� pro9ram which did not rcqui�e
<br /> t a�+vano�p�yn�t ol tM�ntin Rwrt�Q�hsu�q pnn�tum,then Ncb mont!►y p�yment sh�9�bo tndude either: ()an instaNment
<br /> f ������NN��a Pr�Hn to b�p�id Dy Lw�dR to th�S�a�tary.or(q a monthy chu�e fnstNd af� rtrortga�e
<br /> Nsu�^e�P+�rtaum M 1hb S�aKity InshurtNnt b MM by th�S�aN�ry. Each monthy M�talment ol the maR��Insurance
<br /> P►�►�h+m thal b�in �n art�ount suMldmt to acxumul�t�tne iW�nnwl maty��hsurance pre�nium wRh Lender one month
<br /> prior to tM cit�tM iuN annwl mort��Insurance prertdum is du�to th�S�crNary, w N thla Security Inst�ument Is held
<br /> by th�S«x�ry,each monthty chary� shaN be In in amount equ�l to on�tw�Mtb o1 onn-h�M percent of the outstandin�principetl
<br /> b�i�nce du�on ihe Note.
<br /> , H Batroww t�ndKS to Lmder the fuN payment of aN sums secu�ed by this Security Instrument, 8orrower's account shal! •
<br /> � b�cr�dt�d with th�b�Mr►w rotrrininp tor�1 inst�Nrnents tor Rems(�), (b),�nd (c)and any mony�ge Insunnce premium
<br /> � inslaMn►�nt th�t lmder has not become obWyated lo pay to the Seuetary,�nd Lender shaN prompty retund any excess tunds
<br /> to BaROw�r. tmmtdialNy prior to �toredosure aak o1 ths Property or it��cquisftion by Lender, BoROwer's account ahaU
<br /> ' be cradit�d witA any balmcs ranainhp ta ap insUAments fa item�(a). (b),md (e).
<br /> 3. Applicatlon of Paym�tttt.NI p�yment�under p�ra�spha 1 and 2 ahall be appqed by Lender�e toNowa:
<br /> �, to th�mort��Insuance p�emlum to be paid by Lender to the Secretary or to the mo�thy charye by the Secr�.^�
<br /> • Instead oi the monthy moRSapa insu�nce premium, unless BoROwer paid the entfre mortgage insurance premium when this
<br /> Security Inst�ument wr�s signed; .
<br /> Secon�,to any t�xea, special essesame�ts,Icasehotd payments or ground rents, and fire, Aood and other hazard insu�ance
<br /> premiucna.�s rpuked; `
<br /> TF�. to interest dua under lhe Note; �
<br /> Founh. to amonization ot the principal of the Note;
<br /> i�f , to i�te charqes due unda the Note. ' �.n
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<br /> � � 4. F7r�. FiOpd and Othe� Hatlyd IRSUranCe. 8orrower shall insura au improvements on the Property, whether
<br /> -----_-� �Ow Ift Ql(15�0[1CO.Ot s1�hSE�uenllil E[eded;a�inst�n� hw,_,,,w.d.� ..�.�wr� :R.,a. vwZ'Uy'jFau:�e5�Nt4lttV�t19 ilfC.ior wliiCfl 1.@i1�E1 fEQUifC9 .
<br /> ! insuranca ThIs�surancv shaA be mainUined in the amounts and for the pedoda that Lender requkes. Borrower shaN aiso
<br /> itnsure�N knproventtrts on the Property, whether oow in exlstence or subsequently�rected,agalnsl bss by tloods to the extent
<br /> raquired by the Secret�ry, Ar hsurance sh�p be c�mkd with cor►�anies approved by Lende�. The insurance polides and any
<br /> ` ronewals shW be held by Lender and shaN Inciuda bss payaWe ciauses in favor of,and in�torm acceptable to, Lender.
<br /> ; In the event ot bss, Borrower shall give Lender immediate notice by maif. Lender may make prooi ot loss it not made
<br /> ; promptly by Bortawier. Each insurance company concemed is hereby authorited and directed to make payment tor sucb ioss
<br /> dtrectly to Lander,f�sie�d ot to BoROwer and to lender Jointy. AN or any paR ot the i�su�ance proce�ds may be eppiied
<br /> by lender,at its uR{ip�, either(a) to the toduction of the indebtedness ander the Note and thls Secarity Instrument, Tirst to
<br /> any dei'nquent amo�pnis appNed in the order in Parapreph 3,and thm ta prepayment o1 principal, or(h) to the�estaratlon ;
<br /> or�epair of tha d�mi�ed propeRy. My application ot ihe proceeds to the principal sha!�ot extend or postpone the due date
<br /> of 2he monthy payrner►ts whfch are reterred to in Paragraph 2, o�change the amount ef�:�rh rhy�n�tg, q�y er.cess insurance
<br /> . procoeds ovet an amount�equired to pay atl outstanding indebtedoess��der the Note ar,d tfus Seqtnty Instrument shaH be ;�r,�,
<br /> ; paid to ths enUry kg�ly entiUed thereto.
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<br /> in the event ot toreciosure of thts Securiry InsUument or oiher transfer of title to the Proac�ty that extinpuishes the
<br /> indebtMrteas, eM ripht. title end interest of BoROwer in and to•insurance policles in torce sfiall pass to the purchaser.
<br /> ' 5. Pros,eevation and Maintenance of tha Preperty, feaseholds. Borcower shall not comm�t waste or destrpy.
<br /> damaye a aubstaaRa�y chenpe the Property or altow the Property to detes'sorate, reasonabfe wear and tear excepted. Lender may inspect
<br /> the property it the�+operty is vacant or sbandoned or the ban is in deimult. Lender may take reasonable action to profect
<br /> and preserv�sueh vacant or tbandoned property. N this Security InsVUment Is on a leasehold. Borrower shatl compty with
<br /> ' the pravtslons ot the le�se. If Barrower acquires tee title to the Properiy, the leasehold and tee titte shall not be merged untess
<br /> Lender agroes to the mer�er in writiog. �
<br /> 8. Charg�s !o Bo�flwer and Ptotectton of l.pntle�'s RigMs in the Property. Borrower shaq pay a0
<br /> aovemmarlUl er muni�wt rhwr�.S. �Rp,g g,^��„��g�ians Stk"�2:.�o.^,a;„-y�ded i�� Faidyrapi� Z. oortower snaii pay theSe oDtlgaUOns
<br /> on time tlirectty to the entiry whlch is owed the paymeni. t!failure to pay would adversely aflect Lender's interest in the Property,
<br /> upon Lender's �equest Borrower sha(I prompGy fumish to Ler�der receipts evidencing these paymenis.
<br /> �f 8ortower f�Rs to make these payrnents or the payments required by Pa�agraph 2, ar fails to perform any ather corenants -- --
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<br /> artd ayteementa contained In this Security Instrument, or there is a legal proceeding thal may signifrCantly a8ec1 lender's rights
<br /> �n!he P�!+�ty(such as a proapedE.�y tn b3nM.ruptc��,far a:�si�r�2tian c: 2o t�!a:t2 l��s o:regu►atlons}, it�en Lender may
<br /> do and pay whstever is necessary to profect lhe value oi the Property artd lender's rights in ihe Property, including payment
<br /> ot taxa�, hazard insurance and other items mentioned in Paragraph 2.
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<br /> My amount�disbursed by Lende►under this Paragraph shail become an add�tional debt ot Borrower end be secured
<br /> by ihis SecurUy Instrument. T�ese amounts sha�l bear interest from the date o1 disbursement,at the Nole rate, and at the �
<br /> Loption ot Lender, shnfl be immediatety due and payabte
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