|
�{1sj'i; u- _ yt'. -• iU t_ �. . �� - ' .. • �'�YSY�:�i e ,)4;. ��l7 t••,� . ,�,i ��: . ;i�;,�•r.y.;n4'' n�yilF IlYfa � �ti. .� ...
<br /> ,! ' ':- - (�t^_ t U . '� -� � �� -1 . ��r_. ��- � • ../ t n��r� �-. I i{�� �r�..
<br /> lt' � � � .��� .,�.�.�r_�.�..y _ Y.t a•u -__.... - r�t�.i - mn�i h U� .V . .. .
<br /> ` .iL . •. � ��_'�i. - �� lTY�w �i�aR-asYf�+leeft5 !\� �'[m!f T�°"T
<br /> �. a ,1':'�'.�-.�Pr.'� - - ��,1 �r..z_�.�.-� - �'__ ._ -.... S. , t — _ - -__
<br /> _� ---�` � - 9 °T� ��'�7—
<br /> .__�,-�'��:aVi-����r°�..s�llflill�11f1��= .�'.c�:.u.:' � � -- �.i�+-��s�'- u - �-n1��. ._ ., - - _ — _— —__
<br /> i).
<br /> � �
<br /> 90-- �.03815
<br /> 1.P�Yw�f�t!'riK�fRY�IHera�t�N I,ale Cl�tse. 8orrawer shall p�y when duc the ptincip�l of.and interest an,tht debt
<br /> eviclene�d by the Note and late ch���due under the Note.
<br /> !,l/w�iidr��rrit AE Tf11Y��rwr�:�er�r N1r�.Q^St�!!�L•!S�l��fBC�C�.S:,C".'`Si iEi3iiiPily Nwy�TiCBi�i'v�ciiici witu
<br /> � the prindpsl�nd jat�ac as�se fonh in the Nots�nd any I�te char�,in iwtallment of�ny fa)tsxes�nd sFeci�l�e�eats
<br /> kvied or to 6e kvied ysinu tbe p�aperty,(b}k�uehold ps�met►t� or=round rents on tAc Praperty. �nd (c)prcmiums for
<br /> ia�urance npuired by Paryraph 4.
<br /> F.�eb moathf�r i�t�lhnent[or iten�(�)�(h)�nd(c)ahall equal one-t�reltth of the�nnual amounta.a�reuorsaDly sstirtuited by
<br /> l.e�der.pha��mo�unt wttielent to malntJa an�dditioeil bal�nc�e of not more than one•sixth of the atinuitcd�maunt�,7'he
<br /> tull anawl amouat for e�ch item �haU be�ccumuUta!by 1 rnder wdthin�pariod endinj orte month before an item would
<br /> becoaie deltoquent.Leeder�hal1 hatd ehe amounu colkcced in ause�o pay icems(•),(b�nnd(c)before they become del(nQuent.
<br /> tr u anr ame tne cow ot�be payma�a hew ay t.enaer ror ican��.),(!S).stM(c).to�ether with the future monthly p�ya�enta
<br /> ta wcA itaaW p�yabk to I.ender prbr to the due data of�uch item�,excad�by more thsn one-sanh the stinuted amaunt of
<br /> p�ya�eats requirod to p�y wch itemi when due.and if p�yments on the Note ue c�urent�then Lender shall eitfur retund the
<br /> �a�oeM over oae-�ixth of the esti�a�ted M�t�or cTedit the eacas ovtr one•slath af the atimated p�yments to aubuquent
<br /> ' p���bp Dorro�a�st the optlon of Bono�ver. If the toa!ot the psymenta m�de by Horrower for item(a),(b),or(c)Is
<br /> ieuwfAcieot to pay tlie ltem when due.then Borro�rer:hatl pay to l.ender any amount neceswy to make up the deticiency an or
<br /> ' 6efore the date tbe itan becana due.
<br /> I�u�ed in thb Secudty Iastrument� "Secretary"means the Secrotary of Howina u�d Urbsn DeveWpQnent or hi� or her
<br /> daiRaee.Mat Secudty lnstrumenu insured by the Secmary uo insured under pro�ramY whkh reQu'ue tdv�nc�e p�yment of the
<br /> eatire moiR�e lnwrance premium.lf thi�Securitr Instrument ia or wu insured under a projr�un which did not require adv�tnce
<br /> p�ymeat ot tUe entlre aart�e insurance premlum,thrn ach monthly p�ytnent shall dso include elther:(i)an inst�Ument ol'the
<br /> ' � annwl mort�/e iasuraaoe premium to 6e paid Dy i.ender to the Secretary, or(ii)R monthty chu�e imtead of�► mort�e
<br /> ieuurartce premium lf this Security instrument ia held by the Se+�retary. Each monthiy instaliment of the martlqe insurance
<br /> ' praaium�hW be ia aa amount sufticknt to aocumutate the fu11 annual mort�e insurance premium witA Lender one month
<br /> � prlor to the date the full annual mott�e insurance premium is due to the Socrauy.or it thi�3ecurity I�stn�ment is held Dy tl�e
<br /> Sa�retary.ach monthly chu�e shall be in an amow�t equd to one-twelfth of one-Aalf perant of the outstandins principal
<br /> bai�oe dne on the Note.
<br /> • It Hortower tenden to I,rnder the tull psyment of Nl aum�secured by thia Security Instrument,Borrower's aaount ahill be
<br /> crodited wjth the balance temdainj for all installments for items (�). (b) and (c) and any mon�e insunnce prcmium
<br /> Imtaltmmt thu Lender h�not become obli�ated to p�y to the Secretuy.and l.ender ehall promptly refund any excas funds to
<br /> Boitower. Immediatdy prior to a forcclosure sak oi the Property or its �cQuisition by Lender. Bonower•s scwunt sh�ll be
<br /> credited rritA any bvance remainin=for all instaltments for items(�),(b)ana(cl.
<br /> 3.A/we�dM�t la��b. AU paymrnt�under puyraphs 1 and 2 sAa1t be appUtd by l.ende��s folbwa: ' �
<br /> Fj$$�.to the mart�ate insurance ptemium to be paid by Lender to the Secretary or eo the monthly chu�e by the Secret�ry �
<br /> instaid of the monthly mort�e insutance premium,unkss Borrower paid the entire mo�e insurana premlum when this •
<br /> SecuNty lnurutnent wat si�ned; �s
<br /> . $�Q,�.to aey taxa.special assessmrnts,leuehold paymen[s or ground reats.and tire,Aood and other huud insurance .,;,"--
<br /> _- „r.m8un. wa...u.ln.�l•
<br /> _ .�._.. - - - -.
<br /> ~ Tj�jaQ.to iaterat duo under the Note; `�_,
<br /> k'Qy$�.to atnortindon of the pdncip�l af the Note; ,
<br /> �,to laee chu�a due under che Note. .=
<br /> 4.Fire,F7�M aM�11�s�ei tawes�oe.Borrower shtll inwre all tmprovements on the Property.whaher now in taistence
<br /> � or sub�oqurntly erected,ajaiest any hazards.cuualtks.u�d oontin�encks.includins fire.for which Lender requira insurutce.
<br /> 7'hb in�urance shall be msinuined in the amount9�nd for ehe periods that Lrnder requira. Borrower ahall also insure W
<br /> improvementa un the Property.whethet now in atistence or subsequently erected.a�ainst toss by floods to the extent req�uited by �.
<br /> tbe Secntuy.AU insurance shall be carried with compania approved by Lender.The insuraqce policia and any renewats ahaU
<br /> be heid br Lender and shall include bss payable clausa in favor of. and in a form accep[a�le to. Lender.
<br /> Ia t�e event of loss.Horrower shall sive Lender immediate notice Dy mail.Lender may make proof of loss if not made prompt-
<br /> ly by Basowa.F.�ch insuranoe company conarned i�hereby authorized and d'uected to make payment for such{oss directlp to
<br /> Leader.instad of to Borrower and to Lender joIntly.AU or any put of the insuru�ce proceeds msy be aDpUed by Lender,at its
<br /> option, either(a)to the reduction of the indebtednas uader the Note and this Security Instrument. firat co Rny detinquent
<br /> � ateounb applied in the order in Puyraph 3.and ihen to prepayment of principsl. or(b)to the ratontion or repair of the
<br /> d�tmajed property.Any applicatioa of the p:oceeds ta the princiDal sh�ll not extend or postpone the due date ot the monthiy
<br /> . paymenu which ue refened to in Puaaraph 2,or cMn�e the amouat of such psytnents.Any eacess insurance proceeds over an •�
<br /> amount roquired to pay all outatandin�indebtednas under the Note and ttis Security Instrument shall be paid to the entity lesal-
<br /> lY rntitted thento. �..�'
<br /> ' In the eveat of foreclosure of this Security instrument or other transfer of titlt to the Propeny that extinguishes the in-
<br /> debtedtxst�all rijht.titte and interat of Bonower in and to insurance policies in forx shall pass to the purchaser.
<br /> S. te�rtWo�ud bfairle��ce ot t�e Pro�srtr, �NoN�, $orrower st�all not commit waste or deseroy, damaae or
<br /> snbsuntially chanje the Propeny or�Itow the Propeny to deterior�te.reasunabtt w�ar stnd tear excepted.Lender may iaspect
<br /> t6e property if the propercy is vacant or abandoned or the loan is in defeult.Lender may take rcasonable action to protect and
<br /> ' pre�erve such v�cant or abandoned proDerty.[t th3s Security instrument is on a lcasehold,Bonower shali�omply with�he 9rove-
<br /> sioius of the iet�.ss, If Borrowes asqrsires fa title to the Propersy,shs Isasehald snd fa tists shall nat br mesgcd natc-�E.�der
<br />• a�tta to the tner�er in writin�.
<br /> �.CY�r�lo�o�rower fN ProteeNo�ot Le�er's Rl=Yts 1�t�e Pro�erty.Borrawer shall pay all governmental or municipal
<br /> charta.fiaa and impositians thtt aue not Included in Pua�taph 2.Borrower shall pay thesc obligations on time directly to the
<br /> ' endty which is owed the payment.If failure to pay would adversety affect l.ender's interest in the Property,upon Lender's re-
<br /> quat Borrower shal!promptly furnish to Lender receipts evidencing these payments.
<br /> � If Borrower fails to make thex payments or the paymenta required by Par�gr4ph 2.or fails to perform any other covenants and
<br /> a�ramrnta eontain�d in this Security Instrument,or there is a legal proceeding that may significantly affect Lender's rights in --_ - - -
<br /> the Property�such as a procading in bankruptcy.for condemnation or to enforce laws or regulations),then Lcnder may do and �
<br /> p�y whstever is nec�ssAry to protect the value of the Property and Lender's rights in the Propeny.including payment of taxes,
<br /> haurd insurance and other items mentioned in Paragraph 2.
<br /> My amounts disburscd by lender under this Paragraph shall become an additional debt of gorrower and be secured by this
<br /> Security lnstrument. These amounts shall bear interest from the date of disbursement, at the Note rate.and at the option of
<br /> Lendtr. shall be immediately due and payable:
<br /> �,r
<br /> � 7.Co�dea�utb�.She proceeds oP any award or claim for damuges.direct or consequential,in connection with any condem-
<br /> nation or other taking of any pazt of the Property.or for conveyance in place of condemnation,are hereby ass�gned and shaU be
<br /> paid to Lender to the extent oE the full amount of thc indebtedncss that remains unpaid under the Nate and�hiti Security Instru- ,� �
<br /> ment.Lendet shall apply such prorecds to the reductinn of the indebtedness under the Note and this Security inst�ument,first to t�
<br /> any delinquent amo�nts upy�lied in the order provided in Paragraph 3,and then to prepayment of pnnc�pal.Any application af ��
<br /> the proceeds to tt�e urincipal si�all not cxtend or dastpone the du�; date oi the mon�hly payments, u�h�ch are referred to �ti �,'j`�
<br /> Paragraph 2,or change the amount��f�uch payments.Any excess proceeds over an�mount reyuired tc�pay all ouivanding in�
<br /> debtedness under the Note and this Security Insttument shall be paid to the ennty icgally erwtled thcreto •
<br /> 8. Ftes. Lender may collect f'rrs and charKes authorired by the 5ecreiary.
<br /> l'uge 2 oJ 4 M
<br /> �
<br />
|