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<br /> • . '. L�rl�Mlti�e�/N.I�ie��t�f:n/LMe A�r�t.�Botrower sAall psy when duethe prlacipY!of,attd interrst on;�the debt ` ' - "
<br /> ' evtda�ed bY tbe Noee aid laee c6u�es due onder che Noca . •
<br /> ` � ' 2.1MMIYf!lqa�e■b d Ta�.irris�s��t�er�.8orrowrr.shatl incluGe m eacti rnonehlY QsYment.tot�etherarith ' •
<br /> ' tbe yrtncipd aod intaat�s aet forth ia�the Note and any Lu chaqes,aa Idst�Bment of u►Y ta)ta�s and ape�ciai asseumm[s " .
<br /> .. -. _ . � . •IcYied nc La be.kvkd�t the t�mpaty.�b)k�l�oM F�y�a�is os fro�Q rents o�t6s,ProPcrtY. arsd{c)Premiums for �
<br /> � . � �t'e4��►p�Ah I•' , ' � . .
<br /> Eacb maat�iests�la�ant for itamis t�s?.(b)aad(c)ahaII equa!one-trrdita of the annual amounts.as reasonably estImatsd by `
<br /> . Leader.Pia�an ama+q►wlt�sient to mainuin xn addltional b�laau of aot mon tbaa one-sixtA of the atimued amouats.'t'!se
<br /> , :f�awwi�oYOt for acti it�am sha�6e acewnWued[r�r E.�nder�rFthln a paiod eadios oae aonth before an�tem would
<br /> bec+o�oe de�Oqoeet.ixades�alf hoid tAe�nsoants coHacted in trast to p�y iteov(y.(b}aad(c}before thry bccorne delioqu�t. '
<br /> �# If at aq�r tlme tlie total of tbe ps�tna�ts hdd 6y Leader for items(a).(bI.and(c).tosether with t6e future montl�r paym�ts. . .
<br /> far aKh ic�ms phabk to La�&r prior to tbe duc dua af auch items.Q�eWs by more c�aa ane-six[h ehe atirnated amannt of
<br /> ? qlnntets rW�ired to pa7 aoch items wlxu due.and if paymp►ts ab We Note are current,.[hea[.enda ahaQ eitha refuad the
<br /> : � . eaoes arer o�aixth ot the estimued payments or cratit ths excas over one-siath oi tha es6matod psymaus ta sabsaquent . ,
<br /> _ p�rmeats ay�8arroaet,afthe optian of Bonoxer.If the wtai of the paynxnts made by Sonow�r for itenu(a).(b).or(c}is
<br /> ia�tf'�ckat to paj►the fErm w�m due.thed Bortoaer ahaIt pay to Ltnder my uaount r�essary to make up the defuiency on as
<br /> . � , 6ei"ore.tbe�ate t�jtem 6ocome�due. . .
<br /> " ' . . ; As uxd in this 5eeurity Instr�mtnt. •,Sec�ry,•mans�tDe Saccetary o!Nansing asid Urban Devetopment ar[us or her '
<br /> ,;- daisaee.MoK Se�tuity Instn�ents insured(���"se Sec�etary ue insnred under proarams whieh raqu've advance paymeat of tise
<br /> " . ,����sistance Prem;iim-if t6u Sec�aity In�f is at wu insured under a pro�taa�whicb did not rsguite adv�ncr
<br /> ' � , .p�ra��t t6e entire mortpse�premiwn�then aca�-�tlily Papmmt shsll aiga inciude eitha:(i)�n instatlment of the
<br /> • ' ' .. ' a�rnott/�e iusuranoe paetaipm to be P�bY LtndCC.r��#�e Sect�tcp,at f i)�monthtyr charae inste�d�of a mott�e
<br /> , ianu�nce premium ii ihis Sa�rity Instrument i�hekl by the Secretar�,�monthly iastallmcnt of thc mortgoae insvrance �
<br /> . Oteattnm sh�Il be in.an amount suffscimt to�a�uneulate the fuil annual c�tgaae iasurance premium with I.eader one month �
<br /> • � pri�IC to tLe date the tu1!annual mortjase insurance premium ia due ca the�creuay.or if this SecuritY�strumrnt is 6e1d by the � ' '
<br /> ; t 5ecrelx3y.aieh monthfy chsrae slu11 be in an amount equal to one-twelfih of one-h�iT ptrcrnt oS'the outstan�g principal �
<br /> b�lanoe due on the riou. � �
<br /> �•� '•; If$orrowrer tenders to L.ender t�e fW!payment ot aq sums secured by tAis Serurity Irtstrument.Bozower's account shall ba'
<br /> credited arith the b�lance remaining for nll installments tor items(a). (b) and (c)and any mor¢�e insurance premium
<br /> . � InsWJment thu Leades hu not become obljptod to psy to the Secretary,and Lsndrr ehap promptly c�und any excess funds tb
<br /> � Bqrrawer. Iminedutety prior to a fo�eclosure�Ie of thr Pre��erty or its arquisition by l.ender. Borrbwet•s account shall 6e
<br /> � aedlted.�lith iu►q 6alance rcmaLiizt�for at)installmrnta fo�i2ans(p).lb)tnd(c).
<br /> , � � � .: •
<br /> ; 3.A//YtiNin�ot ts�es�.All�ayments undu para�ra�.:s,3 and 2 sha0 be applied by Leadsr as foltows: � � �
<br /> y �.to the mon�e insurance premium to be paid by Li�qQer to cF��etary or[o the montl�"y c,�arge by the Secretan+ �. • �
<br /> : insttad ot the mont!!y moRpjr insurance prcmium,unless Borrawer ��6 ihe rntire mon�se.insu�s^�.�re prermum whrn th:s . �
<br /> . Security[asirumair�u sip�od; �
<br /> . SEC��l�3��O�Ify I�l4�S�Clill AbS�SS�fl!`119�Icasehold pa}ments ar groond rents.and firc.ilood and other Aaz�:�?nsurance �' �
<br /> . �scstst�s.�s r.°,qt:frecl: . . _ . — - -
<br /> ' ' �$Q.to iaterest due under the Note; , -_
<br /> , f �OURT_d,to amortjutloa of t1�e principal mi she Nate; ' ;
<br /> � �.to tate chu�es due under tho ho�e. � ' �
<br /> � . �•Fine.A�1�M�M IHM�r Ha�d Irw�atre.Bortowcr sha3;i�:sure all improvcmena on the ProDerty.whether a:ru��,�:xistenee . ' � '
<br /> , ot�ubse��.tently erected.�ainst any hazards.casualcies.nna caminaenc�es,inctuding fire.ior which LenQet rrqei�..*si�surance. ! : �-
<br /> TAIs insarance shait be mainuinsd in the amounts and for the periods tha� t.endu requim. Borrower shall a7so insure a.' �'
<br /> ' improvements on the Property.whether ncsw in e.xistence or subse uentty c�,-trd.a � ' !�—
<br /> ei gainst luss by RooQs to Ihe ezterrt rtqu3red Fy �' : ..,�
<br /> . , the Seiretary.All Insurance sha11 be car�ieA wi�h companies approved by Y�rnder.The insurance palicia and any renswals shaii �
<br /> � be held hy�.ender and ihall inctude lass payab2e clauses in fqvor of.arfd in a form accept�ble[o.I.ender. •
<br /> � fe t1►eecr�t of loss,Bc�nowtr ahall�ive i,ender immediate a�s�;'ice by mai1.t.ender Qn�y make proa!af toss if not mace prompi-
<br /> ' { .ly by Bar:�awer.Each irssur�Jlca company concerned i4 hereby'authorized and directed tu mate payment tor such toss diratly to
<br /> ' Lender.ia=tead Of to Bonawer and to i.endtr jo:ntly.A!1 or any part at!he insurance prpceeds m�y be appUed by Lendet.at its
<br /> . � option.either(a)to ehe reduction of the indebtedne9s urtder 1he Nate artd this 5crurity Instrumrnt. 6rst.to pny del�nqurnt
<br /> amouqta spplied in the order in Pu�aph 3.and�hen to prep�yrnent of pflncipa).or!b)[o the«storation or repair af�he
<br /> d�ma�dr.ptoperty.Any�ppliation of ehe procecds to the principal shall not eztend or postpoae the due daee of the monthly ,;�
<br /> . D�Y�+tts which ue refetrtd to in Pu��ayh 2.or shangr the amaunt af such payments.Any eace.ss insurance proceeds ovee an
<br /> 'amounirtquUed to p�y all ouUtandlns indebtedaess under the Notc and this Security Instrumene sh�ll be paiA to Me tntity trxai- '�,�
<br /> ly rntltled thaeto. �
<br /> • • ' In tht event of forectosure of t6is Security In�trument nr other tra:�s:�r of titfe to thr Propeny t�at extinauishes ihe in-
<br /> ; debtednes�.�I!ri�t„eitle�rtd iaterat ot Borrowet in�nd to in�urance�+c�bcies in torce cQall pass to�he purchaser.
<br /> ; S. llwwYflio�iM 1M�Ylfe�ce�t tMe Pro/erty. I.ene�Os. florrower chaU nat commit wule ar dcstray. dam�ge or " s
<br /> • . aubstat,^�6i�ity chact�C tl:e proy�errty r�r ailtaw the Property to�r:rr�or�te;rcasonabte wcu and cezr excepted:I:cnder muy inspecr � � � �- � � � �
<br /> ' the property if the yT�ereq is vacant or�bmd�aed or the toan iti in detnult.i.ender may tflke reaconaale acti�n ta ptotec��nd
<br /> � preserve such vicaet or abandanM praperty.tf,rAc;5ecuri�}lnstrument is un a kasehold.Eiorruwer sha:l comply whh the pruv�• � �
<br /> , sians of the teast.11P Borrower acqu3res tee tine ca�he Pc.�nty, thc lcasehold and fee tUle�h�p not bt merged 4�Ie�s l.ender
<br /> aErees su the�erjer io wridflg.
<br /> ' f.C�p t�Mrwwa�M►r�ttetio�of Le�r's Iti�Ma vN�l�e PropertT.(3orrov►er shatl pay alt g�ti ernnte+uat ur municipal
<br /> • ` � clwt/q�•fines and"ea�p�ositions that are not intlu��n i'ttastaph 2.Bcr*;;wer sh�ll aay fhese obligati�,�'an time dinctty tu thc
<br /> . . . entlty�rhkh is awot�ahe p�ymenl. If feilute to pay would�Cvetsely afPect Ltndtr's interest i»the Prapeity,uput►t.cadcr's rc-
<br /> quts:8orrower shW aromp�ty fur�ish tn Lender receipt�e�:denciag�hrse paymenta.
<br /> 1/8asrcnver f�ils to make these paymenLS ar the payments rr4��d by Puagtaph 1,�r(a�ls�o pettotm any uther cuvcnants and .
<br /> . ajramenta contatinecf in this 5ecurity Inswmn►1.ot thtre�s a leg�l ptoceeding th�t may sigmficandy affe�t I.enJet's ngh�s in *``--� -
<br /> . the Ptoperty(such as a ptocetding in bankruptcy,for condemnation or ta entorce laws or regulatians),tt�en Ltndc�may d+>and , '
<br /> p�y wltatever is necessary to pr6tect lhe value ni t?�t Properly and Lender's tights tn the pro�erly.ir�c(uding payment u!ta�es,
<br /> ha�ard insurance and other items mentioru0 in Paragraph 2. ,
<br /> - - � - Arr�r�saunts dis�nrrse�by fender urt�er this Yu�gf��n shaA becume an addilivn�J debt oi 8oiruwer and be secure��by this :
<br /> St�utit�fnstruttlent.'i'he�e amount9 sh�la beu intarest from the datc of disbur�cmeot,a�thr Nute ratt.and at th�option�f •
<br /> I.eader.ehall be immediately due and payabte. . ��
<br /> T•Ce�fe�tb�.Ttte ptoceeds af aay award or etaim fvr damages,d►rect ar consequeatial,in connection with any et�nden�-
<br /> L. ttadon ot other taltina uf at►p patt of the Property.or fa►eonveyance i��pl,�ce af cond�mnasic�n,are heteby assigned and Sha!!br
<br /> . paid to Lrndrr to the eatenl o!the f uU art►ount of the indebtedness that rema�ns unpaad unQer the!'`ate and this S-E:urEty fnstr�r- �
<br /> menl,i.ertder ahal!aDp1y such procttAs tn the reduc�tion of thc in�ebtedness under the Vote atsd this 5ecurity Ingn�nrirut,6r�t tn
<br /> any deGnQuent amour�ts�pplied in the ordu pravided in Pua�uaple 3,anc�Encn t��+repaymens t�t flr�r�,.,ra�.nn�anr:�;atian r,t
<br /> _ lht ptocteds to the ptinsipal shs� uot eattttd ttr�c►sipone the dae d�tt� vf thr mnnthfp payr.tenFa, ahich at�.r�•fet��ed iv in . -
<br /> - t'uagrapD 2.�r cAang�the amount vf such payments.Any excess prnteeci:otier o�e amc�unt rryuued ti.pao aE�c��r:«.uu1,nK,�, c., �
<br /> debtedness under the l�tatr artd this.5ec�iity►nstrurnen�shall be pa�d to thr en�ity te,v,aUY tr,tE�tcJ sherct��. �
<br /> � S.pea.L�ndet may caltect fces and:harge�au�hotireJ L+}�the Secre�ary
<br /> , 'I f'u.tr�:��/♦ ' � �
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