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<br /> 90-= 1 �3613
<br /> . • 1.!'�,tIMN o�hMt�/M.I�Mt�1oi IMI�t.Ne C.'IIM�r,lfotlowrr �hali�►rv wh�en�luc Ihe pritklnal nf. aud�nterest on.!hr deht
<br /> �tded�!b;R!��ate���••cltn:;�+sr.;:�_�;s s!�!J�.�:
<br /> � a.11N�!'y�M d T�.ir�M[�e Mlr Ut11K E'��.�c►truwtt aha11 incluSe in each manthty�►aymmt,to�t�her with
<br /> the priAeipal aad intu�t a�es tacth in the Nat�u�d�nY Ia��chu�a,M In�upnem�ii�ap(s)taie�u�d spc�ial usessmrn�.
<br /> ieriM or ta bt isriM �iaq the Prc+pmy, (b1 k�rhaW p��nu cx�r�u�d�enu cm trie t+rapenY. ��d (c)pcemlumz for
<br /> InMUanoe reauftid by puy�taph�.
<br /> Bad�waNhlp iiutW�ept(cx iteeu(�)�Ib)snd!c1�ha11 puai om��wdhh c�t�Ae innwi amount�,u rc�son�bly stimated by
<br /> L.�rd�t��ka��nount wtikbent tn m�lauia�n�ddNlo�l h�Mn��e al nM mcxe th�n ax-�i��h of the atimated�mouna.The
<br /> (WI aawN aa�ouNt tor Mc6�twa�Aal{be�ocuawW�d by l.�irt wi�bj�� pttiad endln�otwe montfi befote an ittm wou{d �
<br /> b�ooeta�t.4sndK�Ma�hoid the�naunu co�cted In Irua to p�Y henu(�1.(b)�►�d(c1 brforo they become delinquent.
<br /> � It�1�ar ti�ae the lota!ot th�p�y�atnt�htid by i.end��fa ittm�(�1,(b).�nd(c►�tc+�dhet with�he future monthly p��rmenq ,
<br /> • fo�wCM i1Me p�ribls to Lendtt{xior to the due d�lq of wch illau�,e�ctMiR by mnte Ihan one•tixlh Ihe ettimated amount oi'
<br /> ' p��ti��d ta p�wcA k�s wMa dw�and if�ynNnl�on�M NMe�ue cunent. then l.ander ihall either refund the
<br /> ; ��aMS ovK o�-�tb ot tbe atinu�t�d•p�pmentt or ct�dit the��►aa urtr onatlxih of Ihe atimatM paYmeet�to subuquent
<br /> psYo�au by Aorroweir.�t the optbn of Dorrow�et. 1f Ihe tdai of Ihe�Ymeni�m�dc by Borrawer for item(�)� (b).or(c)is
<br /> ' IrwfA�t ta p�y the itaa when d�e.theo Sarower�Asll p�y ta l.ende��ey�m�wn�n�ceswry to make up the deficiency on ar
<br /> befote tAe date tbe itea�b�coa�a dus.
<br /> � A� �wd En tlw Secu�ily la�ttument. "Secretary•' ma�n� �he S�c�etary ot Ilcw�in�and UrMn pevelopment ot Aia or her
<br /> ; d�.Mat Secntity irotrumaus inwred by the Sectetuy ire itaured under pro�ram�whkh �equlre rdvance payment ot the
<br /> esHrs awK�ye iaHU�oe pro�afum. iP thi�SecuH�y Im�run�mt t�cx wu inwred unde�a pra�run whkh did not rcquiro�dvance
<br /> � pa�10�the entire na�t�ye imurance prcmium,then each rtwnthly payment�hdl�Isa inciude either:(i)�n installmrnt oP the
<br /> ' � lu�awl a�ott�ye inwrNnoe praniva�to ba p�id bY Lender tn Ihe Seccelaty. w(iil v monthly chu�e instad of�mon=ye
<br /> I�aaoe premiva�it thL Security Innrument i�htld by the Secrnary. E:icA manthly inst�lhnrnt or the mort�ye in:urance
<br /> � pre�iwn�AWI b�in�n�nwunt wificknt to�acumuG�le tAe full�e�wl ma��ye in�urance premium with I.eoder ane month
<br /> prior to the date the tuU�neual mort�e insuru�ce prcmium i�due 10 the Secreury,ot it Ihi�Security Instrumme��held by Ihe
<br /> • Secratary.esch a�oathly chu�e thsll be!n an anwunt eqw!to one•tweitih of one•half percrm ot the out�tandinj principal
<br /> bsimc�e due on�he N�ute. �
<br /> � !tlkxtowet tenden to l.endsr!he full p�yment ot ul sumf iecuted Ay thi�Securily(n�Irument, Narrawer'�account shali be
<br /> cndit�d with thr bdimec �enWnin� for all fnstalimmts for i[ems 1�1, �b) �nd 1c► �nd �ny mon�aje insurance premium
<br /> 1n�aU that I.endsr Iw no�become obli�ated ta p�y ta the Secrnuy,se►d l.ende:shall�►r�xseptly refund sny excess funds to
<br /> BorrowKr. Immedi�tdy prbr to s foreelosute sak of the Propeety or its acquisitiun hy 1 ender, Ebrrnwet'��ccouat shall t+e
<br /> ' ctedited with�ay bd�nce remalnins fot�l!i��tallmenu for item�IU,(b)end Ic).
<br /> , J�A//MtaW�M h�M. All payments under ptr�nphs 1 �nd 2 shrU be�ppl�by I.ender as talbxs: �
<br /> �.to the mo�tsa�e inwr�nce ptemjum to be pekl by Lendet to�he SectHatY ex tu�Ae tnonlAly ch�r�e by Ihe Sec�etaty '
<br /> instad of the monthly monjye Iniurance premium,unksY 8arrower paid the em�re mert�t��e insuranco prertiium when this '
<br /> _ ..__
<br /> — �oawiiji idsi�u�cni w�s s�now; - _ -
<br /> ' `QjyQ.to aay taxa,apecial tuessment�,ka�ehold p��ments or�rounA rent�, ana fi�r,llc�od�nd uther huard insurance � ""-
<br /> pr�uYm�.a�teQulnKt: s�i�_
<br /> .to intenu due unda the Note:
<br /> �to�mortizat�on at the p�incipa!af the Note;
<br /> , .to late charses due under�he Nae. �
<br /> �.Fint.E'1��M OIMr Haear�lwea�ce.Borrowtr shall insure all improvemrnts on the I'rc�perty.whether nc�w in existence
<br /> or wb�eQuently eMCted.�intt�ny hatud�,cuwttin,and contin�enr�es.incfudm�fire,for w hkh l.ender reQuires insurance.
<br /> . Thi�i�uru�e shali be mUntained in the amosrnts and tor �he period� tMt I.ender reQu�rn. llo��awtr shall also insure t!1
<br /> ��ao�����he Propenr.wAether now ie e�tlstence or subsequcntly era�ed,a�ainst la�s,�by (loods to the extcnt requited by
<br /> the Secretary.Ap insutance shall be caMed with wmpmia Rpproved by I.ender.The insurance pnliries and any renew�ls shatl
<br /> � . be held by Lender and ihal!include bss payaAk clauses in f,�vor of, and in a form acceptabie to, I.ender.
<br /> [n tlie event of kpt,Borrower shall�ve Lertder immcdiate notice by mail.I.ender may m�ke proof of loss al no�rriWe prompt-
<br /> " ly by 9orrower.Each insuru�ce comMay concerned is hereby autRorized and directed to make�ayment fot such los�dirrcily�n
<br /> Lender.inttqd of(0 8otfo�vK tfld l4 Lender jointly.All or�ny put ot Ihe insurince prc►ceed�rnay hr apptitd by E.ender,at its
<br /> optiou,tither(�) to the teduciion oP the inckbtetlness unJer the Tvote and�hi� Scrurity instcsiment, fir�► io�ny delinqutnt
<br /> �awuats applied in the wder in Pora�nph�J,and ehen cn�rep�yrt�ent oi pnncip�l, ur 1b)to the rtstor�hon i�r repau of the
<br /> dam�ed property.Any application ot the prosecds to the p[incip�l ahall not extend or pc�ctpone thc due dr�u nt thr mon�hly
<br /> • pYyments whieh ut t�ferted to in Parqr�ph 2,or chan�e the amount ot sucA paymenn.Any e�ces�Insutance proceeds a�er an �
<br /> � ueount roquired to pay W outst�ndin�iodebttdness under the Note and this Srcurity Insuument shall tx paid an ihr entny kYal- 1� -
<br /> ly entitkd thereto. .
<br /> 1n the event of forrclosute of Ihis Securiry.�nstrumrnt ar other Itansfer af ude to the {'ropeny that e�tm�u�she� �he In
<br /> deMed�,a11 rithp,titk and interat of&�nowet in�nd to insurance palicies in faret shall M+s to�F►c purchase►
<br /> S.��tlo� vA MM�teMSre of tUe Pro�erty.I.eue�oNe. Botrow�r sh�ll Rot cc,mmu w�ve i+t Qctittay, Qamage or
<br /> iubstanti�►Ily ch�ue the PropenY ot aliow the Property to drtrriorate.t«Yatf�I��C wtat dn4�if�?t+F�t�sCd. l.ffe�lfi 1ii�q li�s�r.t
<br /> � iht pfo�triy if ih�pra�rty i�vi,:ani c,r kGarniv�ic�or ihe iaan is in def�uit.i.ender may ta�t reatuti4Dle�tian t�.prutc�t�nd
<br /> prex�ve such vac�nt or abu►daned praperty.lf tMs 5ecurity Instrument o on e leaxehold,Fk►rruwer sAwN cum{+ly wuh the pru�i
<br /> sionf of the iease. 1P 8orrower acquires fee title to the Propeny, the leasehold�nd fa�ule shail oan t+e mcrged unlcas t cnder
<br /> ytas to the mer�er in writinr.
<br /> ; i.�!o Soffower�IN rroltetb�of I,tNer's RIR�p 1�!Me�'►o�etty.k3uttc+wrr Kh�ll pAy RU g���crnu�eniyl ur a�uni�i�,al
<br /> char�c.fina and impositions thu are not includeA in Par�raph 2.43arrowcr�holl pay thetir uhf�gauuu,un i�mr�1ire�ii� �u U�e
<br /> rntity which i�owed the payment. (t 4ilurt to pay would�Qve�sely aifect t.endtr's�nrerc5r �n�i�e Pnfti+r�ir. u�a+�� !cn�fr�'.�e
<br /> qudt Borcower shall pramptly furnisA to LenQer rcccipts evidet►c�ng these paym�nts
<br /> If Borrower fsits to mAke these p�yments or the p�ymentw reyu�red by 1'ar�gr�ph 2,ur foil5 ti�per(oi�u ea�►uiher.��.�nani+and
<br /> �greements contained in tAls Security [nstrument,or there is s�Iegal proc��dmg tAat ni3y tignd���ntly �ftc.t !cndr.�'�nghit ui •-- ---=—--
<br /> the Ptoperty(such as a prated�n`in ban�Cruplcy,far cundemnatwn ur�o rnf�rce 1•rw�ur regulas wns6 e hei�I endcr u�K;•!,�c�nd
<br /> pAy whatever is necessary to protect the valuc nf the Yrnpeny anal�ender's ngh1�ui the Nr<+ptrcq,�niluding{Fa�mcnl nl�.�1c,.
<br /> hau�d insurance and o�her items mcnaoned�n Parygrrph 2.
<br /> Any zmounts disbutaed by lender wider ehi�Parugraph shail be.omc an ud�i�ncmai dcht ��1 Lturu�wcr and hc�c.uicJ t�ti �h„
<br /> Sec:urity Instruxaen�.Thrse amounts sholl bear interest frum the date ul disDuracmcn�, a� thc tiutc r,�cc, ��n�l ai ir�r ,.�,in�n ut �
<br /> Lcnder,shall be irnntedittely Guc and p�yable. �t
<br /> � 7.CoiWta�natlaN.'ihe prexecdsoi any nward ur�laim fur d•rmugcs,J�rc�i ur�onscyucnt�af,ir�.��i�ne_���n; ,en►,,,,,. ,,.,,,lcn�
<br /> nation or other taking af any part oF thr F'roperty,or fa�r cumeyanee in place ui cc,nden�n.,u��n,u�r hrr�•r��,,..,t��,�•�t ,,,,,�.i�,�M n<
<br /> paid to lendec to thc execn��f thc�'ul�nmount crf�hc u�debtcdncxs�ha! rcm�fns unpsid ur.dcr ilic ti�ic.,n,l�h�•,tir.��n�� n�.��,. ?
<br /> ment.Lendcr sh�tll appl,y such pnx.�ccds tu the tccluiuutiuf thr indebleduct�uitidrr the Notc anJ iFu�4r�u��n I���n uu,t�,�. ,��,� ��. ti�
<br /> eny dclinqucnt amounts ap�licd ui thc urde►proo�dec!�n!'aragral�h i, and thcn tn prcp.�yineni�•! pr�n..t�.,t A��� .y pi�..����.��,.� �N�
<br /> Ihe pracccds ro thc pnncipa{ sl�all nut cxtend ur pu�tpuo�e thc �uc duic �;t the rn��mhlo ��.��u�ri��,. «I��.i� .��c �,fc�r,,t �„ �n
<br /> Paragraph 2.or change tlu:lnit�unf of�UCh p;�ymC�US.AI►y Ckce�ti ptviecds u+�'� ;�n amnunr icy.�,rr,{�•• ��.�� .,li••��� i.��.,;��,� ,��
<br /> de�tedRess under the Note and Ilii� tie�uiity In�tru�s�em Shall bc p:uJ tn the cul�i� IcFt,�lh r�udt.�l �h���;,,
<br /> S.Fees. Lei�der may �:nllc�t (ceti and�hargcti.iuUu,r�re.1 1,� �hc tic.rct,ur
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