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<br /> . . L lqwwt�t tA�clNi.tN�st�ai Lle C'We�e.Boaa�er�ha11 pay w�e��ue tht piindp�i of.and intcr�t oa.t�e debt . , .
<br /> � ' � ev�da�d by!he 1Vcte�ad 4tte c6usa due unde;the Nae.-� . . , ° �
<br /> ���b RIrM�N Tisb.I�s�Qt��s.Borro�rcr'shatl iactude in eac�montQiY MY��.to�ether�ith ' .
<br /> . � � eBe p�trdpl aM iataat a�xt farth da ehe Note and any 4te chu�a.aa installmeat of anY(a)uxa,and speeial assessmeats � .
<br /> ievieA or ta be ieviat yiiast tbe ProPp1l.(by��V�Y�����tents�n t�e ProPetcZ►.aad(a)premiums for. <
<br /> - ��dY�+. - ` ' . • , _ ,
<br /> ' : F.�eh mont6ly insta�t fcr iiem�(�?.(b)�(c)sl�alt equai one•nrelftb of ttx annuai amounti.as re�sonabh►ariniated by <
<br /> • i.ebder.dw ui�mouat wf�icitat to m�aWn ao idditioe�l if�nce of not�nore tb�n one-siath at th�atimat�d amounts.The � .
<br /> , 'fu1)aAe�nd amount Ta ach Item ahal!be�awauLted 6y L.sndQ�vitian a perfiad mdir,�ane month befone an ttem woald
<br /> - baame deSoqumt.Leader:haD Loid tbe amount�coDectad ia crust W p�Y itans(tA N)+�i�)befae theY bewme ddiaqurn�
<br /> � � . . .''U��Ily���G�O�if Oi viC��ti�vT i.CDdC�f0�ltlmS{ejr 1��.��C?s tOstthCC w3tII tbt ftifli[t m0[ith1Y A�Jlme�t3 � . .
<br /> . for such item�pa?sbie w Lesidet Dria to tlu dm dsto Ot ach it�s.acads by more th�n o�-sixth tho est�atad amount of . • �` .
<br /> � . � ` D��meab reqairaad�o p.r wcb icems whsn Au�anQ i!pnmenp an cee Na:e ase curcrnl,t,ba�L.pedec sLaII eitLer nfund chc
<br /> ' � e�aao ara one-�h oi the admsted p�rnents a aredit We a�cas�va one-sbnh of We admated paYments to su6sequent
<br /> ` - qaya�ent�by►6orto+wet.u tbt option of Aona�ra.Yi the tatal oi the payments made tsy Barrowa for item(y,tby,or(c)is .
<br /> insufti�ieat to D4Y tbG�teat wben dae.tLa�Sorrowra shaD psy to isnder aay amaunt necessary ta malce up the defx�en�r on or �
<br /> , 6efoce tLt date the item bocoma'due. , .
<br /> As weQ iri tbi+Secarrity Instn�eni."�retary"means the Secretuy af Houains and Urbaa Devetopmatt or his os ha .
<br /> � a�.ee.Mat Sec�rif�r{a�mentsiawtcd by Ihe Secretary are insund a�er proRams�rhi¢h require advascs WYmrnt of tne . • ,
<br /> , eqtke n�xt�e imaraaoe ptemium.It this SeeudtY Instrument w at wat inwred•uader a pro�ru�e which did not raqnire advana '
<br /> � •psymeat of tbe mtiK martp�e inwraeQ pcemium.tben escR mon'thtY D�Y�t sAW atso inctuEe eitAer:(?aa insalt�aenc of tbe
<br /> ' aeewi mortiye iaauanoe praaiwn to be p�id by Lender to the SeaetuY.ar C�1�moQt�ly chu�e iastad of a mart�e �
<br /> , inwtieee pramium if tltia 5ecarity ttutrament is drW by tbe Secrelary Esch manthly�ta�ment of thc mortqg�iAS�ranoe � .,
<br /> premium f1�W be ia an araount aufCklent to acxumvlut the full umwi mortp�e insurwoe preiaium.rith t.endeE irts inoqth
<br /> p�ior ta the dtte the fuII annwl morty�t insurance premium is due to the Secrdary,or it tAis Security lnstnament is tsc9t3 by the
<br /> . Secretary.e�mbnWy c6ar�e shaU be ia ten amount e�uat co orse-t�relfttf�oi one•h�lf percrni.of the oafstAndin�y�'sa�Fal �
<br /> ` bat�nce due on thc N�t. � ' ' . '
<br /> � ` if Ba�rroMer tendett to Lertder the full paymmt of all sums�nd by this Security instrummt.Batro�er's accouas.shall be � .
<br /> . . credited wtti� the bdance re�a�inins for ali instaltments far items (�). tb1 aad tc)and any moagaae insurance�reroium .
<br /> b�sivlment thu Lendes has not 6ecome obtiptM to psy to ths Secretary.and Lender shaU ptomptly afund any eacsss funds to �
<br /> Borra�rer. Immediatdy ptfor to s toteclosurt r�ale of ihe Propetty ot its aWuisitian by Lendu, 8orao�va's accaunt shail6e
<br /> ' credited WitA uny 6wnce remdnins tor�11 installments for items(a).lb)ana(c). '
<br /> 3.A/�fle�rd�ot i'�?��•All psYmrnts under puuroDt►s t and I slull 6e Appiied by t.cnder as tolbws: ,
<br /> : FJ$$T,to tha mortq�e fnsurance premium to be paid by L.endes to the Ssrsetacy or ta tl�e maathly chuae by the Secretary -
<br /> instad of the monthiy mort�e iaswx�a premium.uniss Bortower paid t*�t entirc moetp�s iasurance premium when th3s
<br /> Sccutity tnstrummt wa�ii�tted• � . �
<br /> $$,�`,Q 1�,to any tues.e�ecial asussmrnts.i�uehold paymmts or grouru!r;�:tq,und f•e.tlaod and othes huacd ir.suraace ���'�:.
<br /> praniumt,aa roquirod; '"�'
<br /> ��$,Q,to int�est due under the Nots: ,,
<br /> FOUi�TH.to�tmoniution of�he princi�l ot the Nau; �'�'s.'"
<br /> �.to late chu�es due under�he Note. �:
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<br /> 1.FIte.I�7�M�M Otie�Hasw I�nn�ce.Borrawer sh�ll icsurc oIl impravCments on thc proprrly.v�hether now�eaistence -
<br /> � or snbseqttentty erated.�pinst any fivatGs.ca�uattits.and caminYerrc{as.�netudin=fire,for whicb t.snder reauires�surartce.
<br /> • Thu insurance shali be maintained in the�mounts ant!far the peribds shai Leader requ'ue�. �ocrower�h�ll a!w'�nsure�SI
<br /> . improvementa an the Property.whrthcr oow in c�ietence ar subscquently eTertcd.A�inst lass by ftoods c�c.:�t e�trnt rcquireQ by
<br /> the S�etetaty.AU insuraace shall be carried witA compuixs approved by LenQer.The in�urana poficies a:.�d any teatwats shall
<br /> be Aeta by Lender usd�h�ll inctude lass p�yablr ci�uses in fwvor of.pnd in a farm accrptabk ec►.I.rn:+er.
<br /> lo the event ot loss.8arrower shaUµve Lender immedate rcotiCC by maii.l.endtt may matce praof of lass if not madc grompt-
<br /> ly br Ba�roMe►.�acb insurana comp+�hy concerned Is hrreby authariud anA directed to make payment for auch los�direcliy to
<br /> L.endes.i�flead o!to BO�TOwe�tOd�o Len4el join0y,A!1 or u►y Cut ut ihe inwtance proceeds m�y be apalied by Lendrr.qt its
<br /> aptlan.cither(s)to the reduction ai the iadebtcOn�.+s undes thc Nats and this Saurity Instrummt, frst to any detinquem
<br /> aawunta�ppli�d in the ordtr in P,►ratnDh l,and lhen to preppymenl of princiDal,or(b)to the restecuion or rcpair af the . � . �
<br /> Qart�ptopmy.Any�pptication of the prcx�ceds to�Ae priacipal�h�il not e�[end or postpone�h�due date tif tAe rnonthty �..�
<br /> p�ymmi�whkh ue relared to in Pu�raDh 2,or chin�e ths amount of such paymenis.�►ny excs�in.surance prcrcceas ovc►an
<br /> ' amount tequirtd to paY�tl outst�ndin�indebtedness under the Note and th�s Sccurity lnstrument shall t+e pu6 to tha enticy lega9- `�'�
<br /> ' !y rntitle0 lherCto. . �
<br /> !n the event of foreclusurc of Ihis Security Ins�rurtxnt�r uther tiansfe�t�t eiUe tu ihe Ptopsrty th�t rxlrngwshe�1he it►-
<br /> ' Qebtednes�.W�i=At,ti�la attd interest af gorrower in and to in�urance pulicin in furce sAall pas�tu 1he purch�ser. •
<br /> �. lltw�etrNN�iN MWtsa�ace ot t�e �toOtA�. l,e�eRoW. Bonowet shall nut cammit wtste or destroy.d�:aage ur
<br /> :uMtantWIy chanse the Prarerty a��Ibw�he Property to dttariurate,rtasunabte weu and teu exceptecl.l.cndcr msp mspect �
<br /> tAe property if tht property is wcaet or aband�oned ot the loan i�in defautt:l.ertdcr�may take ieasonabte ac�ion to protect anA � -
<br /> pte�erve such v��no ar abu►dontd propeny.li thfs St�urity tnsttumeat is on a teaschold.R�rrowcr s^�:1 wmply with�hr pravi•
<br /> �ions of the leax.it�3ortower uqwte9 fte titde tu tne prapetty.!he[easehold and fcr litit sn�lt not be meraed untess Lende�
<br /> �rces co tAe mer�er io wrilin=.
<br /> � i.(.'IIM�er to toit�wer u�l ltekellr�of Le�/tt'�Rii�1b f�t tN r�e�t�.Fk�traWer sftaif•pay ctfl�averrtmenta{or munfc►pa{
<br /> cMt�,fitle�anQ impo�ltions�htt ue nat induded in Pu�raph 2.Horrower shall pay these nE1�gal�uns un timc diretitly cn the
<br /> , • ent�ty�hlch is�r►td�tAe payinem.It f�ilure tu pay vroutd edversely a(fe►i lrndc�'n inter�st in�hr f'u�per�y,u{x+n i.ender'�re•
<br /> quest fiurrowrr ss21b�rumptty inrf�ish tcr l.euQet receiFts evidenc�r�the�c psymentt. .
<br /> If Barr�wet[ails to make Ihese peymenls or Ihe payment�reuuired by Varagraph 2,ar tails to pe�Earm any uthcr cavenants and �
<br /> usttertttnrs contdntd in Ihis Stcurity It�st�umrnt.er�hc'te is�ic�al procee0mg that may;igniC�cantly uitat Lender's nghtE ir► `�"��'"` �
<br /> ' the Pcopetty(auch as�procteding in bankruptcy,tot candemnat,on vr t.s enforce taws nr re�aulat�E�n�).theu i,ender m�y aonnd '
<br /> pay whatever is ntctssaty to�frotect IAt vatue of the Ptobttty�ttd Letsdrf's rights m the Nrapcny.inctuding payn►ent ut�axes,
<br /> ' ha�ud insur�net�and csther 'strms mentianrd in Nara,graDh 1.
<br /> .. ,.,. _ Any�tttnpnts rlishuriett hsr trntt�r.nrtittt thia karanQe+h el�til h.e�urnr ttn ndd►lit�nal cleAt nt ifust�trer and t+e sti:uutl hv lhis •.
<br /> !`+eruriay fnstrument.The:r umounts sh�lt fxar mteie.!iron�•.::r d�te ut disburstment,at thr N�te race.ead et thr uptiun uf �
<br /> LenGtr.shall be immcdi�triy due an0 parable. �
<br /> � 9.(:o�ttl�Ltl�t.The ptacetds of ang awarJ ar ci�rts/or�amagGS.d�rcct nr cancequent►al.in cvnnerhon w�tr anp rundein•
<br /> n��iun ur�theo tat�ing�tany�rut�f�he i�ruperfy.w far con.-ryan�r m pi:scebt c.rr�dcmnatro»,att hrre�+y assigne�f and;hait hr
<br /> paid tn Lrnder tr tht catent�[tht full�sr�aant u!the mdrbte�frtns cbat reruafn�unqsiJ undcr thc'�otr an�}tlns Scwr�ty Imtru• r..
<br /> menl.tet[det shall apply such pro�etds tv tht tcdu.lion oi.the indrbtedne�s under thc l�c�te a�►d tl�rs�e.ur�ty i»�trumer�t,fitst cu t0
<br /> anq detmnutnt amounts app�ied in the order protitded in f'atagraDh 3,anc3 thcn tc�prepaymen4 of �nnc���{ Any a��pirc.,u�i,n��f �
<br /> che psa�e�ds�r►the pr�nkipat sn�!! nUS ex[end c�r racit+r�er �t�e due ct�t:;3I!�'i� {fiftf;�h:p�kicnirr�ts. xt}��tF cerc .cfrtrc�i t�. ,ri -- __-
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<br /> agtap hang:ftie nniuunt uisic,li paymtnts.-Auy e.w:efs�r��ee�utier ai3 aiuuunt cryu:ud i«pev aII uuiatanJin�:r, -- '
<br /> debfe�nas uader thn Note nnd th��Sccuiity fnstrurnent chali t�c paid to rFIC!(lii6���g�iit�e�+*.�tic�i U;�re►u
<br /> S.i't�[e. l.eei�'er m�y caltr�s tces antl etiar�rs authe�r�reJ t+?:the�r�rct3*4.
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