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<br /> 90�--- 1 Q3�33
<br /> !.hy�1�t lh+l�eiNl, I�Iern1��1 l.�te C�. Harrow•er ahrll pay when due�he principai af, and inierest on,the debt
<br /> esidenced by thc Notc�nd late chu�cs due under the Natc.
<br /> 2.MMIW�ly�M�t T�,[�n�ce u�l OtMr Ci�w�e�.Borrower�hvf include in each man�hty p�yment,to�ether with
<br /> � �e�iaci�i aati iatsrac�s set ronh in ehe i�iote�nd�ny{�ts cha��es.an inst�liment of�ny(�}t�xrs Rnd speeid asx�smerfts
<br /> Nri�d a to be levkd y�ut thc�rapertY, (D)lsa�ehold paymmt�or �round rents on�hr Froperty,and �c)psemisims far
<br /> iasur�aoe cequited bY Puyraph 4.
<br /> E�ch n�oathl�r iaitapaarnt ta item�(�)�(b)and(c)sh�ll equal onc•tweltth of the�nnual amounu,a�reason�bly atim�tcd by
<br /> Leader.plut an smount wfticient to msint�in a�►sddition#!balancs of noi mors tha�a ane-siath of the estimated amounts,The
<br /> , fhq Mnawl amount tor e�ch itaa �hal!be�ccumuttted by Lendet withln a period endint ane month before an item N•ould
<br /> • 6�cwne delinQueot.l,ender ihaU hold the anwunts wllected in trust to par items(�),(b)�nd(c)betorc the�r become delinquen�.
<br /> ': Ifat Mr tbae the totat of the p�ymrnts held by I,endec tur item�(s).(bl.and(c),taaether with tAe futun monthly pa��s
<br /> � [or tuch itaa�qy�bk to Lender prior to tAe due d�tes of such ttem�,eacceds by more th�n ane-si�th the estimated�nar�u.s�:of
<br /> � qymeats requiirM to p�y wch item�whrn due�and if p�yment�an thc hote aue curnet,then Lender shalt either rcfun�t�t
<br /> � �arer one-�xth of the estia�tM payn�eats ar cred'et tjfe ex�u Q+�er one•sixih of the atimated p�ymenta to subsequent
<br /> Ipa�c���+�a.at ihe option of Borrower.lf the ceaa!of tl�c p�,rmmt�made by Bonower for item(�).(b),or(c)is
<br /> � urwtriaeat to pqr the item Mhen due.then Bonow�a sh�li pay to Lendet any amaunt necessary ta mske up the deficlency on ar
<br /> � betore the d�te the item become�due.
<br /> � Ae wed in thi� Secudty lrairumrnt� "Secrctuy" matm the Sectetary of Hou�ins ted Urban De�elopment or his or her
<br /> de�1/nee.Most Security 1�►strumtt�ts insured by the Secretuy are insured unde�pro�rams whicQ require�dvxnce p�yment of Ihe
<br /> ` eetire mptt�aRe in�utat�ce premium.!f thi�5ccurity Instrument i�or was insured under a pro�ram which did n�1 rrquire advaacc
<br /> 'r psyaKnt o1'the entlre mott�e insuruue prtmium.Ihen each monthly paymcnt shdl also inctude either:(i►an instdlment ai thc
<br /> , wewl mortsye iesurance premlum to be paid by l.ende� ta tho Secrdary. ar(iit+�nwmhly cAu�e in�tead of r mort�ye
<br /> �5 i�uana pnmium it thii Securiiy In��rummt i� held by �he Snrn�ry. Each manlhiy instrlimenl af Ihe mort�a�e insurance
<br /> pen�ium�If be in u��mounl sufficient to acrumulate the full�nnu�l marl�a/e in�ur�nre Memium Mith l.ender one maeth
<br /> prior lo the date the fu11 annual mort�ye incunnca premium is dut to the Sc�teury.or ii�hls Se.u�UY Inst�umrnt�s heW by the
<br /> Secreqry,e�ch moethly cMr�e sh�ll be in�n amount eyuai to one•�welf�h oi one•half per.ent of t�e outsl�ndina ptinciMl
<br /> balance due an thr Nae.
<br /> If�ottowet tendets to I.ender the full Myment ot all sumi secured by thi�Serurity Instrument.Uc•rraw�er'�account sh�tll be
<br /> ctadlted with the lialance remalnin� fot all installrt►eot� inr uemc ta1, Ib) and (cl �nd any morta��e insurance premium
<br /> inriaAment thit t.ender has nc►t become ahlipted to pay to the Secret�ry,and l�e�der sh�ll promptly refund any exces�funds to
<br /> Borru�ret. immediately prbr to a tcxec{osure uk oi the {'ropeny ur i�.acqui�i�ion Dy 1 ender, fk�rrower'c ucounl shali be
<br /> credlted with any batana ren�aininj tcx all in+tallment�for item�(�), �b)and 1r1.
<br /> �.A�eNlo�N h��N. All payments under par��r�ph� 1 and 2�haD be applicd by Lender aac folloxs:
<br /> �.ta the mort�insuranee premium to t�e p�id by i.ender a�ihe Se+cretary or to the monthly char`e�y the Secrauy ,
<br /> lnitad ot[hs snonthly mortpqe insunnce premium, untess Borrower paid�he entire monaa6e insurance premiuen Nhen this
<br /> Security Instruineat w�f dineQ: _:
<br /> ,�j�j�ta any t�a.special usessmen�s,kasehold psymenia or grounA rencs,and fire. flood tnd other huard insunnce �
<br /> __ - Pteaaanw��*�+ _ _ _ �
<br /> �Q.to enterest due under the Nnte; -_
<br /> ��.to�mortization of the prinripal of the Note; � _
<br /> FJF('�.to Iate chsrses due under the No�e. �
<br /> 1.�lre.t1�N�N OtMt Has�ri Iwe�ce.Borrower sh�ll inxurc all�mpra�•ements�n tAe E'�openr•. MAether now in existen�Y .
<br /> or wMequently erected,yalmt�oy hasards,ca�usltics,and contin�encies,includinr fire,tar which Lendrr requires insaeaner.
<br /> 'Ibk iusunnce sAsl1 be maintaintd in �he amounts�nd for the peripds that l.en4er requird. &xrower shal!also insure all
<br /> impr�vrments on the Property.whether now in existencec��sub�equently erectc�,asu*�st l�ss by floods to IAe e�ttent required by -
<br /> the Secretary.AU insurana shall be carried w�ith compania appro��ed b}�{.ender.The�nsurance palic�es and any renewals shal!
<br /> be l�eW by Lendet and sh�l!include loss psyable ciausts in favor af,and in a torm occeptablz to.Lender.
<br /> (n the event af lou.Bortowet shsl!�ve Lender immediate no[ice by ma�l.I,endtr msy makc proof of loss Gf not mado prortnpt-
<br /> , ly tek 8otrow�er.F.ach insurance company cuncerned is lxcehy�authonr.cYi and directed to mate paymrnt far such[ocs directly to
<br /> [.eeder.instad oi to 8otro�rer�tnd to t.rnder jointly.Alt c:s any�►an af the insurance prc�cccds may bc�pplicd by i_ender,at i�c
<br /> option. e{ther ��) �o the reductioa uf the indebtedne.ss under the Note ar►d eh�s Secs,rity Instrumrnt, first so arE• delinQuent
<br /> amonnts applie�in the order in Nata�taph 1, and tAen to prepsymrnt of priocipal,ar(b)to 1hr restorat�on or reptir of the
<br /> dunated properry. Any applira�ion af the ptoCCMa ta the principal.hall not extend ar po•tpone the due date af the monthly .
<br /> qytnents whiolf ut teferted to in Parqrtph 2,or ch�nae the amoun�af�ueh payments Ar�y eacese irt��ranre pra�ceeds o�•er an �_
<br /> atnount reQuired to pay a0 outstandina indebtednesti under the Note and th�s Se.urscy Enstrument shall he pacd zo[h�rntity le�l• -
<br /> ly eniitkd thereto.
<br /> '�`°-`
<br /> In the event of foreclosure of this Security Instrument o� other transfer of t�tk�c•thc E'roperty Ihu calinguesha �he m- •
<br /> dtbtedness.all ri�ht.title and imeeest of Bnrr�wer in �nd to�nsurence poLc�� m forre chaU p�cs to th�purcha.ur. .
<br /> 3. ha�nrtlM vt M�hlep�ce ot tMe ho�etty. f.tatlloits. Horcower �hall not cununi� wastc or dcstroy, damagc or
<br /> sut�stantially cMn�e tht Pr�perty or aUow�he Property to dctenorote, tcasanable wear and ttar�+�te=+te6. l ender �nay msper►
<br /> , tlte ptoperty if t!►e proptny�s vacant or ahartdoned or �hc toan is in def�ult. Lend�r may ule reasnn�ble�ctepn�n procect and
<br /> pteserrt such v�csus or abandun:d propertr.1!thss Sr�;�r,ty lncsri�m�n: �o�n a lrasnc��lA,t3orr�v.rr shal!cL��+ly�it i�thQ psarr
<br /> sii�vf ihe iwx. ii Sorro.ver rcqairrs fee citi�to che Praperty,ti�e tcasehot�an�lee I�tic seult not ise�neiged unTcs� l.cndcr
<br /> at[ees tc+the mer�er in wcit�ng.
<br /> i.CVf�lr IO MfTYKtf�i/rf�D�KI{O�OT I�l�lf'�Rl�►b U IMe Pro�erly Horrower tihall pay a01 gvrcrnmr.ntal ar mumc�pal
<br /> cfisr�es.Cne;u►d impasition��htt rrt not iactuded)n Puagryph�. ikftr�wer s�all pay theee t�bh�{�Uans nn urne dtfedty 10 tht
<br /> entity whkh fs aNed the payment. If failure to pay would ad�er�ely affsrt t.enQrr'a mteie3�m rhe Prwperty, upern ( endcr'� rc-
<br /> quesl Fbrrowu shaU promp:ly furnish [�I endre rncipts ev�denc�ng the+c paymcnt�
<br /> Ii Boru�wtr fai1�ta make these p+yments or the payments reyuired�y Patagnph 2,ur fa�ls to perform any c�thcr cooenams and
<br /> agramtnts canuined in this Securuy Instcument, a thrrc is a Icgal p��xecdmg that nr,,> si�cufi�anily affcc� L cn�er's r,ght+�n
<br /> tltt!'roperty(such as a prc�cteding in bankruptcy, fot tc+ndrmriatdori ur to r�fur�c lawc ur rcgui��l�or+s1, theo l cndcr rnay do and '�� -'--
<br /> p�y Mn�te��er es R�:essary to protc.t thc�alut af the Proper�y�nJ I en.�;r',ngh!s i�r thc 1'roperty, mclud�rtg payment af ta.c5
<br /> hatard insuraare and othu items men[ioned �n f'aragraph 2.
<br /> Any amounts dicburYecl by tendcr under this pr�rag�aph shaU hr,.ome :�� add,t,ar�a' J:ht of $or•o�a c�aec}bc cc,urcd t�y thr•.
<br /> Se,runty Instrument. 'ihesc a::�nants shall beac inuresi trom the da:e ��f C��busse:::a;,ai �:e tic�ce r;�ic, a;d a• :��e u�iu�u uf
<br /> Ce��'te. shall be immeJiutciy d�,:e and r.ayabfe.
<br /> �
<br /> 7.Cnrdtusutb�.7hc�ra:ccds a(un�auacd.�r claim fur damagc5,3utct ar cciutiequenuat, �n�onnc.li++n w�th any«+ndc�n•
<br /> � r.ativn c�r uthrr tak�ng c�f any patt nf Ihc F're�perty, or t�ar.�.nFe}.in�c in�ta,s of r��niiemnauuri,are hrreby a��;gncd and tihall hc
<br /> paid tu 1_endtr to the eatcnt��f tl�e full arnount of the u�dchtedne»that rcma�nti u!tpaid unde: the hute anJ thi�4r�eniy Imtru
<br /> rnent.1 cnder shaL aprly�n !i��ri�ceed�tu thr rcd��.�wn af�hc indchtednes�uniler tne'rc�t�ar:d�h��.tic�w��� lu.iruir�ent, t���� t�� �
<br /> any delinqucn: ams�unls a{,�.Ited in the cirtier prc�tiided�7 I�ara�rnrh i.,:�,if tner�c���rcr�a�tT�r�,� or r����.�r�t A'�7 anrh�a�i,��� ��: en
<br /> the proceeds tc� Ihr ptm.�pa1 chafi not Ctttnc3 e�t �ourf,nr ct�e ��� date ��1 tf�e uumifily ��stim;r�r., •.�hi,'• a�e •rfeirc.: ��� i�� 4A�
<br /> Paragranh 2.ns�I13StgC 1hC cinu•.int��f �u�h p�ym.ntc Au.Ck.4'4\�fl�tCC1I<<�tirr .i�<<un,�:int �r�a�r;d�.,p,. .:�t��,• _.,��,:��„• ��.
<br /> d2hleclitr.sc ifn:t.^r •he'�ule anJ thiti S:.urur III��IIJ�IiC:lt .��,�li he ��a.,i f,� ��:r ei�' �ti Ic%d��� �: . . : � it::•:i, .
<br /> N. yccr 1 cu.lrr r�.�ti ,.�Il..t fr;. <iu.9 �I�a��.c,.�utl.,��.ii,i I�. •4c •. ....:�.
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