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<br /> ` , e+r3dat��d,6ry�the Nate tdd!au csu�es due.u�Nott x���y��due�hr prindy�l of.asQ mterest ant the debt . , '
<br /> " _,�!MIMM�KTaw.��e�r/Otrt G�r�.BarrowrQ a!��Ittdt in e�c6 montGiY PsYmeat,to�witb ' `
<br /> the pr�Cip�l�ed iataat as�et fath ia the NotC�ed aey 4te chvres,an insqWneat of any(s)"taus and speci�ai assasme�cts . . � � .
<br /> � � 1�►Ie4�r i�be Mrbd�esi tde Ptopaty,tt►Z�p�tl►e�st�os tros�cd rents oa ttse Prayerty.`and te)Oceminm�for , - ,
<br /> - �oe�uirpt.by Nara�aph 1.: . , . _ ,
<br /> � F.�ct��me ta kans ta).tb)�to)sAatla�usl ase.s�rdtiA of che snaual amaents.as rasn�bly eutmace�by .
<br /> ' t�rier.Diw an�wowt s�tlt➢deaE to m�ieta�e ia additi�on�l�e�ee of aot mare tMn ane-sixth of che atjmaced amounts.7'de
<br /> � � fiJ!wre�l a■a�t tor ac�i�em�dk be�ed p!tReder aidbin a Perlod�de�aae moat6 6eforc an itms�rauld. � .
<br /> . . 6�o�nt d�-I�eades sW 6oid tAe�mounb s�o0ected ia ttu�co paq icaas(a).tb��nd(c)befote tbes►becQeae�t. _ .
<br /> Ii at auY t�e tLie�otd a!tMe pYments Aeid by Lenda tar items(a).�6)��d(c).ta�etlrar�rith t�se�fuiQre manthh►D�Y�� `,
<br /> for s�cb ite�s pty�ble to i�mda prior w�e Que�a�tes ot wcb itans.e�coeeds b�mone th�n oae-sixth the estimued a�maaat of
<br /> ` . pY��«A�e d to pa�suc h iteau�6 e�due.�d i f psqaxats an tbe NMJe are cvneut.thrn I.eader a6aU ather refund the
<br /> . exase o±!er aee-�tb 6t tlrc�ed MY�ts or cxodit the eioas Qver oae•si�nb of the atimated WY�ts to wbseqr�er►t .
<br /> . Pa�s�BorroMa.at the opiaa of Barowa.If tlye taal of t6e payments nsade hy Borrower tar itaa ta).(bY.os(c}is � .
<br /> . • . iewfti�d�ait w Pty the item M6en due.tT�en Bono�ra ahNl NY to L.cader asy�amount nccaury to mate pp the def�cirncy on uo
<br /> � befot�e tLe Q�ote tGe it�baoomes,due. '
<br /> � � . As tneQ iu thh.Sc�earity tasWment. "Sarttuy"mesns tbe Setrtary of Hausin�aad[Ji6sn Dev�lopment or his ar dtr
<br /> • deti�nx-IKast Setvtiqr Iastrwnents insvrcd by the Secretuy ue insare<!uader Proaanns whic�rEquire advance payment of tbe
<br /> eati�e nwrt�a�e iawraea ptamdum.lf thiz Security trrsirumetltt is ot was iasured unda s proram w�hish did not�oquire advance �
<br /> p�neat of tbe entirq mortp,e insursnct pretnium.t6en acR monthlY paymeat s1�aD also inciude either:(i)an installrarnt of th�
<br /> � s�ntul xoatp�e iruuru�rx pnatiym to be paid by Lmda to tde Secretuy,or(i7 a manthfp ehar�e iqstea�of a mort�e '
<br /> • .�`�� , in�uraece premmm it this Socvrity lnsteaaxnt i�Adc�bY the Sorraary. Eaet}monthty instalhnent of the mortga�e ias�usnre � '
<br /> pt+emium�6alf be in an amouM auffIcient to i¢cumutate the full ufnuat mort�e Insurance.premium with t.ender one month � • .
<br /> . . prior to tbe date the!uB annuai rpart�e insurance premium is due co�he Secretuy.or it thLs Savrity Instrumeru Is heW by[he
<br /> . � � 'SoeiR�ry4 qth momhty cttarje sAati�'!n att aafpunt eqUa! to ono-trveTflh of one-halt perctat pf the ou:stanQins P��Da�
<br /> , balsace fise on the Nate. ,
<br /> � � ' ff BoROwer tenders tn Lender the fut!paymeat ota(Lsums securcd by this Sccutity Instrumrnt,Bonos�a's atcouni shail bc
<br /> � rt'edited with the bataece remiittln� for all instaliments for itatts(��. (by and (e) and �tny martaate inswznce ptemium •
<br /> Sna�i��nt��(,��his ncst beeortle obllaltttd to piy[o the Sec[ei�tiy.and Ltrtder shali promptiy refund nny.�i�ess funets to
<br /> Ba�ee�ver. [mbde�iatdy priar't.�a[orrclosure sak at tlie.Froperty or its acquisitian by l.ende�. Botrowri s ar�nnt shail be
<br /> , �n�d witD�ny balaece c�inj for dl instspments(�r�ems!a).lb)and(c).
<br /> .. 3.A�/MadM e/ra�e�.AO p�yments under paraytaphs i�nd 2 ahafi be applied by Lercder�tatlows: . �� .
<br /> _ �.to ihe ncc+ri�e insartnce pcemium to be paid dy t.�nder tn[he Secrecary or to the mortt�Iy ehuge by thr 5tctetary '
<br /> � � ' in�tad of the monthty mort�e inauranae premium.unkss Borruwer p�id tAe entirr mo:cga�c insunnce prrtnium whrn this • • .
<br /> . . Secutily ItutNmrnt wu tijned: .
<br /> ' ��Q�jQ.ta�ny tiuces,specia)sssessments,leasehold p�ylnents or ground rentg.ARO fre.Rood aud nlher hazatQ insarance � ..;;.
<br /> _ • p�sm�uum�.as*equire�; . --:;�.�.
<br /> ?j�j$Q.to ieternt aue unQer�he Note: � ` -
<br /> �•ta amortlratan ot the principsl af�he Notr, ' , -
<br /> �ta late chat�es due under thc Note.
<br /> � ' I•�7t�e.i7iM r/pY�r N��Irwtpet.Borrrnre[.tt;;t insurr all improvemcn;=_:�.n the Pro�erty,ahetha d+�in raistrnce
<br /> � , or sub�ueeity erec�ed,opfpst�ny Auarda,casuwin,wr►0 continaencia.includin�ire.for whicb L.ender re�;�,�es insurance.
<br /> TAis inwnnce sd�i.�'ae maiatained in•�he amount�and far the pedc►ds that I.eaQer rcquire�. 0o.r:awer sij�ii�:sp insure aIJ
<br /> ' ,. , improvementY on t��e Arapeny,whether now in existence�r subscquenUy trccted,against lo;s by(tru�ci::;o the er.*��.tcquirt¢�.:•
<br /> � tAe Setretary.All insutance aft,�t!�c carr;cd wuh ccrmpan.ies appra�cd by Ltadet.7 M;Wsurance G�.,�Bi�.�cs and n:s�,�rnewats shall
<br /> • � be h�eld by Lender and thall i�r�ii:�Qe toss p�yable clauscs�.�'a�or of,and in a lorm��:�rptable:� �.rnder. ,
<br /> • tn the event of bss.Borrower aA�JI pve t,ender immedia�::ac�tice r�y ma�l.l.endcr may make pr���F��•i 2os9 i!nac•y�idc pr�mpt- .
<br /> , . . ty by Horrorrer.t'Aeh inbutance cam�any conctrned i�a htreby authvrited an0 dire�cted to make f���.�sstr�t for euth toss ditertty to
<br /> ; ' l,ender�instesd nf to Borrower ub tn t,�nQer join�ly.AU ar any put�f ihe insurance psocetd�r,,s�t�e�DD1ted 4�y Lender,�i i[�
<br /> ' option.dthet igt�to the aduCtiop�t Me i.nQeMednHS unQer ihe Note and this 5er�•'.ty (nslru�r:c:it. first ra any QNinuurni
<br /> � �m�unt��pplia4 ie the orQer fn PuaRapri 3.�nd ihen to prepryment o!principal, er�,b)t�ehe restorat�un o-zepair nf thc
<br /> : datl�ed property.My aypkir.�J,lion of the{wacttdo ta the pr�ncipat shall not e��rnQ et pastpane the dur d�te�i itke mumhly �
<br /> � p�yta�Cnts whkh�re refetted so i,r,paragraph 2.or chutge ihe�mnum�t sucA paymrnts Any exeess inyututce prr�cee4s over nn .�:°
<br /> � amount reqnired to psy all outsunGin�{indtbtedness unsier Ihe Note and thi�5ecunry Instrument sha;l'�e paid to the entity tep,�1•
<br /> ly rntitkd tAereto. ����
<br /> i 1n the eveat of(arecloaute ot Ihis SeTUroty In�trument pr nther transter c�f tittt r�the Ptupenq thu eitir.guisAes Ihe in- •�
<br /> � �e�tedu[s�t�atl ri�ht,title asd�r�taat�f Horrower in artd ca lnsurance�+nlitsr�in for�:c 4hz11 pass tn thc putch,�,w-r:t.
<br /> �• ������� ��k r�N. ��tMt�iM. florrawer shAll ncs: commie w�ste ur drstroy, dam�ge ar �
<br /> � au�standaliy chatttt thc ptopetty ot�ltcw the i'rnpetty co QEtsriotatc,rrascrnaMe wrar an�tcar e*v.:r�red. t ender ma�r inspec�
<br /> • the propeny if tAe prapeny Ls vacant or�bandontd or the loan�s in�Se�►al�. I.ender may take ras+5n��te aetion tu protect and
<br /> • ' �ft!lfYC 311CI1 YiC�llf pt f�1fldp/y!�Qtopetty.!f this 5eeur�ty insirument is on a leuthul4.�rrov�rr.S�d:ii1 cumplb.._th rhe pr�ri-
<br />. siat!qf the ksse. It Bonower arauires fce tittt to the�r��perty.lhe te�sehold aad fet�it[t+hall r.az:�e mcrg�•�.;ytrss 1-tnder
<br /> • �t�s to ttK mer�n in wri�in=.
<br /> .. i.��r«a M Minwer tM Mt�etlw d I.eNe�'s R�h Iw t�e lro�ett�.Eiortnw•er ah�U pay all�,1.;-.ernmcntal�r nyutuc��al'
<br /> ch�ryef.t'ipt,►ind lmposkiafs tha!�r�eto!inetuAeQ in F'uqtaflh 2 Horroa�r sh�lt pay these abtigatb;�ns on time diucitq to tNc
<br /> � eritity which ii owtd Ihe pa}met�t. !f t�ilute to pay wou1J�dtierstly nf(e�t Ltnder's►ntetesi in!he I'roputy, upnn Ira�tee'�rr• '
<br /> qUes�8ottoMer shall ptomptty futnisb to l.endet rcceipis evidencing thes�paymrnts.
<br /> it flnrro�rer ftils to m�tkt these Qsyments ur the payments reyuired by Paragraph 2.ar iails cc�pertvrm any u�her covenantsand � •
<br /> t�reement�caet�intd in fAis Srcurity Instrument.ur�herc�s a.tea�t�,rckcedmg�hat may rignifr;amiy a(ftct Lender's ngh[s�n .- — ___--
<br /> tht Propaty(sucA tis a pracetding in hartkru��cy,foc cc+ndemn�Uw�ur to enforee fawe or rrgutauans).Ihen l.rndrr may cto t�nd �
<br /> paY wMCevtr Is oc�ctssatY to ptoteet tht v�Jue of thr pta�ty and i ender'�riahts in the Nrciprny,inctud�ng payment ot ta�c�., •
<br /> hwrd iusurtnce�nd other ittau ment�nntd in Pu�ta�A Z.
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<br /> - nm�s dis�urx�by irnurr mrdcr Trris t�at�gr�q7U s�t�itl t�ic�me Qn addiii�nal detit ot 6orrc�Ner anef i+e secured by thzs
<br /> ' Sescueity Irtatr�utnent. T�esc amnunt�sh�l Qear intetes!ire�a�Ihc datc of dubwsemcnt+at Ihc�ote ratc.and at Ehe a�t�ar+ut
<br /> ' Y.endtr.s6W be immeduttfy Qut utd uay�Df:. . �
<br /> • 7•r�Mesi�..T'heproceedsof any arsardar ctaEn�fordnma�cs,d�seci ar c�ns��u:nr;af,in cur�izrcui�n a�tts ar,y�c�sndean-
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<br /> natioo ot nthtt ttl�uf any datt�l tht Froper�y,ar tor cc�mcya��cc m pta;e uf cc.ndemnaiion,are h;rehy atis�n�c!and Stu�li he
<br /> pa�td LcnCrr to�hc c�tcat uf�he fuUamuunt ot.tAe indebudness thai renteir�s ui�p��unsfer the'�ote and this Sr�:arny tnstr�,� �
<br /> taeat.L.end'tt ahall appJp such prix•tedscc:lht tcduE-ttva�•t the indebs�dne�,F unQer thr h^t�d,cJ thts Sr:utttg instrunterrt,fdrst���
<br /> any dclinqurnt emc,un�s aLrptied ta Iht arder�r�rided in�at�t�ph=,ahc#tRen tu neegaYn�Q����r t�:��inal Any a�+l�;:atiort ot �
<br /> • _ th��+rt�.�ttls ic+the prir.ciP.a��fsail e�e rttenQ c+e pcssyc,ne t;se duc�atr�t tFrc m�mti,tt rs,-ment�. c�trich ar� rgferrcFi�[�•�n_ _ �
<br /> " - , P�I�x�D!►;.or cttatige If�e a�ouni of rurb paYt�enls.�hy txsesz�*tuccds ovet mn�ms,ant reuu;re�3 tv�,�y a(I t�L1ildRsi:s,q in �
<br /> debie6nes9 undet!he Nute ancl th�s!;;�curit;.tnstcumsnc s��li hr�tud tc�thc tr.t�ty teKatty tns,ttr�thetccn �
<br /> , �.�eea. t.�nder ru,�y�vltrtt tccs'dfiif GhillgC4 gtllht�filCl�D}!�[!S^.rt�arp . �
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