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<br /> � � ` L�q�dt 1�i�c��t a�i GNe C�ese.Sorro�ra shali pay a�htn due che princip=1�f.a�d interest an.the deht
<br /> , . ' tri�t�crd ny ihe Note aad Iale cAarjes due under"tAe Nmte. ,
<br /> • ` , ' � .
<br /> _.�If�MMl�frwMt MTsa�.�a�a�ce�i tJt�irt�.Bo�rrnrec s6aU InduQe ir�aoch moashly psynxnt,ta�aAer witt� •
<br /> � t�c priacipd aed i�aat as xt fcctte is tbe Note�ad asy Lte chujes.aa in�est of aay(�)t�s md speci�t assasmeats - . �
<br /> `� kvied or tc�kviad ap�est tbe Pr+oDer�Y.(a)k�ytchold P�Yments os�r�und rents on ths Pcoperty.a�d tc}pre�niums fur
<br /> . � , �Sf�t�tle teq�bf Pat�p�� � ,
<br /> Eieb mmti�►�eat for items ta),lb�and fc)d�all cquat oae-t�celfth of c�e aanuat uriounu.ag rea.wnably estimatrd by
<br /> , Lewa.pM ta asoQnt wtfjdent to m�ias�En au addi�otal batance of aot more tLan oae-siub ot'the estimusd�nowus.'itu : �
<br /> . . � idt mud aeouat�fa s�D itan s�bc accampLted by Lender�vitbin a period endins one mantb befors an iuro�ouW , �
<br /> . ` .; . b�comc deii�qae�t.Leader�B 6oid the am�ounts c+oDected in trusc w paY items(a)�<b)and(c)6efaa they hecame de�nqueat. � � - .
<br /> ` If at�M!tir�e t6e tatal of thc pa�rments�dd bY Gender ta items(a).(D).aad(c),to�e[Ler+rith tbe future monthlY D�Y�ts � � .
<br /> . ' .. foc sucb items aaXabk ta Leoder pr�Oe to ttHe dne dsta af sucb itaas.aaecds by mare than one-sixth the extimsitd azrtouat of � . '
<br /> Oa�npanq nr�tune0 ta pt�►sach iteass afiea Que.aru�if payments oe the Nato ue curnnt,thee L�en�a shaU either refun�the '
<br /> ' e�oas over ooasixth of tbe estimstsQ payments ur crodit the exctss over one-sizth of cbe atimated psymrnts to subsoqumt
<br /> '- paymebts 6y Harro�re�,at t6t opt�oti o!Bortower. if t6e total of tlse Dayments mtde bY�er far item(i),tb).as[c)is .
<br /> • i�ttttk�lt to pRy tbe Itaa Mhw dtie,tfiea 8orraw=r�6a11 pay co Lenda any amount na�rssary so malce up ehe defic�cy on or
<br /> 1 fie[ore tite dtte ttit ite�u bxoma dne. - -
<br /> } - �cs wted�n ihis Security Ias�mrnt. "Se�tcuy°mesas the Soccaary ut Houun aad Urban'Dev
<br /> s etcr�caent aF t�Ls ar ha
<br /> -. desi�nee iKost Savrity instruments insured by ihe Secretary are iQ�re�d and�pro�rams�hicfi requfre advanee payment of 1he .
<br /> eatit�mott�e insuranre praaium,tf tRisSecueity[nstrument is or+��s insured uader a program which dici not require advance
<br /> � pyr�neat a€EHe eatire mortia�e inturance premium,then each monthj�-paymeat sh�ll a4so indude either:(i�aa installmrnt af the � �
<br /> � �6pYiI IDO[tjyt LIISitt�QCt p�CmIUtA[O If!�S�GjF LHIdR tQ f$0 S�TCGtit��or(ii)a monifify chu`e instead of a mortEaae , � ' �
<br /> , � wsyraaoe premfum if[has Sxurity [nsaument is held by�he Serreca3y. F.ach�aonthty instaltment of tha mortgue insurance
<br /> , , pteminm abal!tie in an�nount sutficient to iccumufate thr�full avnual mortgage taseraaa gremium with Lender one month
<br /> prier to the d�te the fui!ar�.�ual mortp�e insurance pranium is dueco the Secretary.or iitbis r.,ecurity Instrumrnt is hetd by the
<br /> Sec�etsry.each monthly clfu�e shal!be in an amount cqu�l to ane-twelfth ot one-half�nt of the ouutu►ding principal
<br /> 6alanse due on•�h�Note. ' �
<br /> 1t 8orra+ver tendere to LenQtt the fuli payment of nll sums secured by this Security Instrument.Bonowrr's account shaIl6e �
<br /> _, crtdited witb the Datance sem�inins for all instaUments tor items (a}, (b) und(c) and any mortgage insu�nce premium
<br /> . �ment that lxl�det hu no!becc�►ne obli{stod to p�y to the Sectrtary.and Lender sh�ll pt.^_.,�ptly refund any excess fuads to
<br /> � ' Borro�ver. [tnmed'utet�r prio� to a[arec{osure sa[e of the Propertg ot its arquisitinn by t.ma3er, Horrower's account shaU be �
<br /> ' credlted�tUs eny balance remaining Par�II instal(ments.for items ta�.Qb)and(r). �
<br /> 3.A�cNiM ot h�Mb.AU payrnenta unQer prrasra�hs I and Z shaU be appJie�t�y Lertctet as fottows:
<br /> • �.to 2he mortp�s ia;unece premium co be p�id by Lender[o ihe Seeruaty or[a�he mneihly char�c by the Secretary ��,�
<br /> , • instaid af the monthty mart�age ins4r�tce prrmlum,untess Borrower p�fd�he entirc mong�ge insurartce premium when tbis
<br /> Saca�ity tu�'avment.was sijned;
<br /> --- -- .��:tampt�Ies.spesiTf�SCSS:aR7tts.i.�Trottil►,�Y►iielitsZlTgf0U17IIT�fT3�i7Cd1tI�:ti��tfQ 6IfiEf fi�d ifiiuluCCt _- _-
<br /> preeelums.as requind: ��
<br /> j�Q.oo intere�t due undcr`the Notr. � �'`,���
<br /> � ' • FQURTH.to amortization of the priecipal of the!�o[e: �:''
<br /> �,to late cdu�a due unQet the Note. `:`=
<br /> � �.i'Ne.i'Nw�M Otler Harar�I�ce.Borrown shall ins�ue ul impravements an the gropetty�whefher now in existertce � .
<br /> � or suDsequently ereated.a�tinst any hazards.casu�Ities,and contiagrn�tis,iactuding fire,far which Lender requue�insutanee.
<br /> � This insunace shaU be tn�intained in the amounts and for the periods that Lender reQuires. 8onowtr �h�l) atsa insure all . �
<br /> • imyrovemenis on the Property.wheiher now in eaistence or subsequently ertcteA,against lnsti by iloods to the e�tent required by �
<br /> the Secretary.All insp�ance snall be cat�ied witA companies appro�cd by t ender.7he insuran,�e policies aRd any renew�is sA�lt
<br /> , . de held by L.enQet and�hall inetude toss payxbk clauses in fav�r of,and in a larin ucccp;�ble to.[.enQer.
<br /> ; !n t6e arnt o[losi.Borrawet shali pve l.enaer imihediate n�ticc Dy mail. L,endtr n�ay mal,e p�oot af loss itnc�t made prompt-
<br /> . � ty by BorroMer.Each insutince company cancttned ie hereDy au!t�orir�ed and direrted to m�i�e paymrnt fos s�ccb ioss dircrtiy ta
<br /> . l.et�der.inatad of to Bortawer u�d tn l.ender jaintty.Ali or any p�tt ot Ihe insur�nce procteQs may be applied by l.eader.et its
<br /> option.r�thet(�)to the tMuction ot the inQebtednrsc under the Note and this Security Instrumem.fast to �ny dtlinquent
<br /> amounts applied in the order in ParAYtaph). ond Ihcn tv prepaym,ent of princir�l.or(b)to tht restotation or repair of the •
<br /> • dunajed ptopeny. Any�pplicalion ot the proceeds to the prirtcipal sh�ll nat extend or postparte tht due date of the monthly �,�
<br /> p�ymrnts which ue referte0 to in ParagropD 2,or change!hs amaunt�f such paymen�s.Any sxcess insuru�ce rrucetds over an
<br /> �mount requircb te psy all outst�nding indebtadrtess under the Note and this Srcurity insaument shall be pa'r0lo threntity tegal- ' ��
<br /> � fy entitkd theretu. �
<br /> Ip the event uf forecipsure of Ihis Secuiity Instrument or uthci tran�ter ot ti�le tu the Yroperty thot e�uragwshes thc in• "
<br /> � � debted�,�Il rijht.titte and inte�est at EbrrowEr in attd lo�nsutance pol�cies,n(�rce shail pass to Ihe purchasa-
<br /> , - S. �atM�e�M MaYi�ce ot t�e
<br /> ... . . . .. ...
<br /> . x.l/eautMt�:8orrowu-sMall�not�rc�m:nit wa�te oi dE�tioy, dain�ge��r
<br /> . substantialty chanst Iht Ptopet[y or allo+r the i'tuperty to detuiarate,rwsonabte wrar and trar excepttd. i.ui�lrr m�y incpat
<br /> ; !he propetty it'th4 propetty U cac�nt o�ab�nd3ned ar thc tnan i�,in Qefault, t tnder rn�y take re;u�n�hl:a.:.ion tn pro�ect and
<br /> t pr�esene auch v�cant ar aDandoncd pro�erty.if ihis 5ecurity Im,trumens i�un p le�ehuf0.Berrnwer�hall romply with tl:e�ruci-
<br /> sit�ns of ttx Itase. If BOIt01i'tt IICQUItC1 fGC t1tIG t0 EItC(�fOpEftg, .hc Ic�ehdld nnd fee ritle ahalt nut be rnerged unles,LenQer
<br />� ajrea to ti�e�er�er in wtilin�.
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<br /> i.C�r=e+�to/�awer s�i tnMelb�of I,e�de�'s Illsits is�ie Pro�rny.F3orrower shall pay:ill govtr�tuetitai or municipal
<br /> • char�ts.fian uid impositions that ara not in:luded�n Par�graph 2.Nurrnwer shuli pay these n'bligaiioiis vn�inte dite�tly cu�hc
<br /> rnNty which is owetl the p�ymtnt.IP f�iture to p�y woutd adve�sely affecl l.ender's interest m the i'ruperty,upUn I ender's rr-
<br /> � qutst Barruwer shal{promptf} furnish to l.endcr receipts cviCca�mg these payncents. •
<br /> If Borrowtr tails to mafte thesC p�yments or the payments requice�by t'aragraph 2,ur taits to perform any uther coYea�nls and
<br /> e�ree�+rnts cantained in this 5ecutity(nstrument.or there i9 a fegal proceedi��g ehat u►yy si�iif�na(y nflrtt Lender'�ngtits m `-° -�"-
<br /> the Propetly(�uch as tr pttkeeding tn bankruDtcy,fnr cundemnat��n ar t�►enlurce lawc or�egutati�ns),�hen Lendes rr,ay dc�rind ' .
<br /> psy wlu�tevrt is ne.tssary to prutect¢Rs value o�the Ptoperty aresi l,ender's rights in�}�e Nruperty,uicluding�ayment a.f taaec,
<br /> _.. .._ {���insur�rce�mfirer items�rtenciom�its Par�gr�yts�: _ . . .
<br /> Any uaounts disbucsed by tender u:�3rr this Na�agra�t�shatt Qeconzc a��add�trvnaf dcbt u{ElorraKer and be scturc�cf hy this � •
<br /> Securitp tnstrumcnt.These amounis shttlF bear intere.�frum�Psr datc uf disburs:ment:at the tiote ratc,and at the wph<►n c�f
<br /> � Lender,sl�ll l�e immediuely due and Fayab�. ,
<br /> � 7.Co�dt�ptbll.�'hc ptQCeeOs oi any a�ratd or elaim tur dan�agn,tJtfC��C�f CUtISC(jUtil!(8I,in ronncaian wizh any rortdem-
<br /> nauan ar other t�ing�Yany part�fP Ehe Propersy.o.r tor concey:urcr in place uf rimdann:�trm.3re hereby aasigned ar,d shafi h:
<br /> pud ic�Lendcr to the e�tcnl of thr full un�urit at thr inQcbtedness that�em�n9 unpud urtder�he�Vofe and[his�wr�ty la�s�ru r,
<br /> tumt.Ltadet shallspyiy such pra-eedvta the�edurtionof the in�xEstcQness ur+dcr:hr Note an�J E�aisSe��urity in,trumeni,�r�c e� � �p
<br /> aay delin�u�Q[a�i�uat�a�phesl in r�z otdei p�QVidei#in Paragrapti 3.ai►d then�u prrnayrneni c,l pcin:ipal. A��y a4+p�i.at�on��f
<br /> ' the procteds ta Itte prirtcipaf shalt ttut extend or postponc the due date�f th� rnan[hly rayaientti, «hi�h are �cfc-rcd c+�t�r , �r�
<br /> Petagtaph�.er change the amouq�nl sueh payments.Any ex�css prtketeis<�srt atf amur�:t tcyititc�!tt�r:�c slt.nh,:�r,ndln;t uf i- �
<br /> debttdntss undtt the Nate and this 5rcurity Instrument st�ali tse t�a,�t�t�th:rnt,:v t.galtF emrtie�th;rer:E
<br /> S.�es�.l.e�tder may coltcct f'rrs an�f iharges aufhe�r�red hy rhe�r�rr�arv
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