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<br /> . � � �ach mvpYhiy instaltmea�i for items(a):(b),and tc)s4�a(I equa!onatwelfth of che annual a�aunts.as Reas�nabIy cstimat�+d
<br /> � � � �y I:cnd'er,ptus aia aasaunt�su�ficient to maint�in aa additiona!balanca af.nat�nore than c�e-s;xth of the estimatrd�mounts. . ` ; .`
<br /> � The futFannu�i aatauat for each itrm s6aU be acrumutated by,Lender within a perial eRSting ot�c month befor�,an item wout6 � •
<br /> - ' becariedelinq�tnt.�er�ha�!holcf thr anlo�ts callected i»trast to pay items(ay.(ti),and(E;befoie they 6ecs�mc de'linqu�nt. : � , � ,
<br /> �' If ac any tjrlte the tetal�bf the paymenas heki by Lender far it�rns(a)�(D),and(cl.togcthcr wjth the i'uaure muntAty payr►ieacs , � , ,�
<br /> I< for stt�h et�ms psyYbk to Lender ptir�r to tht duc<tafa,of such items,ra�ctxds by more than on�sixth the estimated amoe�nt, .
<br /> _ __ of_paymcnts requircd tQ pay�ch item�_whcn due,aad_if pay�eQts on_the Nate are cuTTrnt.then t.endec shatt sither re1'und. _ _
<br /> � . V the txCess ot�ef•otte-sixth of the�stimated psy�nts or crtdit the txcess bver one-sixth of t6e estimated payments to subse�urtrt
<br /> . pxyments,by Barrowu.at th�aption uf Hor�uwer. If che tat�t of tht payments made by BonoKec for item (a>.(b),or(c) ' � • .
<br /> is ussu[ficient to pay tbe item when due,then&rrrawer s6all payr ta Lender any,amount aecessary to make up d►e cteficiency � '
<br /> ; � � `oa vr.btfoce the date tit�item beeomes due. . . .. ' �
<br /> : � ' �►s us�ed in th�s$ecuri[y Iastrument,•`Secretary„�eans the Secretary of klausing and Urba»Oevetapment ar his ar her � ' .
<br /> -=_=---'��`��:��i�st��h���c Secre.[�c�,a��►i�ssuco�-iinder gr�¢ramc_which'-sequire ad�auaae p��rment=af—. � _
<br /> • • • the ent'ue mact�e enst�rance prcmium. If this Security fnsttument is or was insnred vnder a program which'did not require '
<br /> � i aFli►a�x P�Ymeat flf ti�e entire matgage insurAnce premium,then e�ch monthlY PaY�t sh�q also incIude eithR:(7�instatimrnt , � .
<br /> . of the�annual mart�e insursnoe pre�Ivm to 6e paic!6y t.endat�i�i$�Secretary,or f i)a monshiy ctiarae instr�d of a mortgage . � , ,
<br /> in�uranCe prcmium if this Security Instn�m�E is hdd by the��cy,Each monthly inst�tlment of the mortgage insuranct • �
<br /> ` , premiwa shatf be in an amo�mt sufficient to accumulate the frs[i�nual mortgage insurance premium with Lender ant month �,
<br /> �- ` prior to the date the futi armual mortgagrr insuranc�e premium�S due to the Secret�ry,or if this Security liutrument is hetd
<br /> - by tl�e Secrelsry,a�mantlay charge shall be in an amount equa�ta one twelfth of one•hatf percaettt of the outstanding principal ' � �
<br /> � b*lance due an the lYatr. � � � �
<br /> If gorrower t�s to L,ender thr full paymant of all sums srcured by this Securiry Insuument,Bonewer's occauat shall
<br /> 6e credited with�be al$nce remaining far afl instaltmentg far items la),(b). and tc)and any moctgage insurance premium � .
<br /> , ' installmeitt tbat Lertder has nat become obligated to pay�o the 5ecretary.and l.ender shal!promptly refund any excess funds
<br /> � - to Horrowtr. Immediately priar to a foreclosure s�te oi'the Prapeny os iis acquisition by Lcnder.Borrnwer's aecuunt st�6� . �.
<br /> 6e crediteQ with aay balance iemaining for all inseailmenu for items(af. (b), and(c). , ' '
<br /> - 3.Ap�Ncatb�ot Paymeats. Ali paymtnts undet paragraphs 1 artd 2 shali be apptied by Lender as foltows:
<br /> First.to the mottgage in5urance premium co be paid Esy Lcnder[o the Secrctary or cu the monthiy chargr by the Secreta�y
<br /> insteui of�the monthly mactgage insurancc prFmium,untecs Ilorrower paid che entire rrtortgagc insurancc premium when tt� � .
<br /> SecuHty Inatrumrnt was si�nsd; "'- �
<br /> Second.to any taxes.special asses.smcnts.te�.sehold paymcnt�ur�g�aund rents,an�t Cr�,fliwd and other hazard insur�n.-+e '
<br /> p:fiiiiOatS,ZS fCQU�itt�: . - . _ _ . =-- _
<br /> �iird,to intercat due under the Notc;
<br /> � Founh, to amortixattian of the principat of the�iote; �.`-4�;
<br /> Fifth.ta late charges due undcr thc Note. ;�-:
<br /> 1.Fire. F7oo���Ol�tr HusrO,�wn�ee. �3orreswcr shaU insure all improaernents an the Praperty. whether now bn -
<br /> existence or subsequeady erected,against any hazard9,casualties�and can�ingeneiec.iaciuding�re.far whtch t,ertder requires _
<br /> , insurAnce. This i�surance shatl be maint�ined in ahe emouncs er�d far the perinds tha� I.ertder requires. Barrnu•cs shall als:3 �
<br /> . insure a11 impravemenu on thc Propeny.wh=tAer�ow i�e eMistencc or:5ubse��untly erected.against lass by ftoods t�the exter,t __
<br /> � requircd hy the Secaiary.All insurance shalf be carried wi�h companies approvcC by t.cnder.7'he insur�nce poticies and any ��
<br /> • tentw_ais sh�tt tx held by L.endet and shall include aoss ray:�ble clauses'in favor of, a:nd in a farm accrptabh ta. l.ender. � , . ��
<br /> . •.; .
<br /> � In thc evcnt of toss. 8orrower shall gir•e I..endc�immediatc nat�ce by mail. t.cndes may mat�e praof ai tass ef nat made ,
<br /> promptly by$orrowe�. Facb insurance comDany canterncd,s Dereby amh.s+�i�rd ei�d directed to r_�,ilce,payme�at for such loss
<br /> dim:tty ta L.etidtr,in.ctta[d af to BarroKCr and to Lender jai�tly. Ali or�s�r part ot the insurana:prac;eeds may be applied �
<br /> � . by t,endcr.at it:�option.either(�)to the rcductian o!rhe indcbtcdness uniter �he Natc and thia Securisy Instrument. i'ir�st t�
<br /> any delinquaet pmaunts a�plied io the.ardcr in Pnragrapb 3.and �hcn Io piepaymcnt of principal.or (b1 to the restarulion �
<br /> or repair af the damaged prop¢rty.Any�ppfication of the prt�rccds to Ihe��inripal shall nat'extend or ��`tpcme the due date ' '
<br /> of the monthly payments w.hirh ore referred ro in t'aragrnDh 2,or change t1te amount ot such payn:er.�s. Any excess insurartce._ y"-
<br /> proceeds ovrr an omoun: r�y�ired ta pay a1l�autstanQi�g indebtednc«ur..4�r�he Nrne and thik Srcurity Instrument �hap � � � �'
<br /> _ paid to the entity lcgally entiticd �hereto. . � ,
<br /> In Ihe event of forcclu�;ure of this tiecurity In�,trument or c�tttec srar��ler uf title tu the Pcntxny th;�t e.Ktingui!�he� the "'
<br /> indebtedness. �It right, tiUe and intetcst �f fiorrower�� and tu intiurnncc �+ot�c�cs in t�orce shall �ass tn the �urchascr.
<br /> S.���e�r�tbs a�d Matattes�ce ot the PtvOerty. f.easeMaW�. fl�rrcau•cr .hall nut comrnit watite or destroy, damagc ur
<br /> substpntially changs Ihe f'rnperty�nr ullnw ehr l'raperty t�+,deteri��r.�te,reati�maFileµcai�nd tear exrepteA._l�ender_enay inspect_ . . _
<br /> the pnipetty if thc�roper�y i5 vacant ar uband��ne�]ur thc t�aan i} u� defaul�. 1 cticirr rnay take cra�an�bl�ar:san to�rotcrt
<br /> and presc���e such vscant or abandonc� prc+perty. If th�� Secuf�ty Inrtnimcnt ic on u tea�chc+ld, 13urrc�ucr�hall camply with
<br /> the provisinns c�f�he lease.lf tlorrnaer ac�uires.fcr�itte to ihe 1'ruperty.tlzc Iraschc�id and fcc ti�1r shall not be merged unlesti
<br /> I.,crtdrr�grees to thc mrrgrr in w�iting. �
<br /> 6.Ciu�es to�nrawer a�A P�atccNn�at I�eeder's Ri=Ils te Ibe PreptAy.lt��rmucr�hall�►ay alt gu�ernmcnta)ur municipai
<br /> charges,fiues and impc►s;tiun��hat Are t�os includcd in waru�;raph �. Ilarrow.rr .rh�ill paw ehes�c►bl�gationti o��E�nte directly tc►
<br /> " � fhe entity which isawed thc pa��met►t. If fadurc ta p�y woe�iti acf��ers;�iy�ffht t.cnQer's t�lr.r�.+�t in ihc{'tttpcttY. upc.n t_endcc'ti
<br /> rcqutst BorrE�N�cr shall psc�m�tly furnisB iu LruJcr rrccipt� c�idrnc��►6 thesr �+��ymei���. '"'"' "`�`
<br /> If Ik�trower fails to rn�k�thcse pa�mcats c�r ttic�iaymm�tc rryuircct hv!'.►�a�ral�h',c�r(�:i�a��perfarm�r►y«�hrr�utiruancs .
<br /> t�nd�gsccrnencc contained Pn thi�Sc�urity tn5tfun�cnt,ar th:rc is.�t tegaf�rc►cccdin�that may:��n�firantly aifcct !cndcr's rightc . •
<br /> in the pre�ren} 15«<h ns a prc�.eeding in bankruptc},i�,•r cundennaauon or w er�fc,rcr ta«<ar �cE:ulatic�nc►.then i.eirdrr may
<br /> -.--• t�n��tr1�►rs�yr�at�re}c ttw�para��:�c��+t�ft:_t!�n�;��cnnt ti3h L�t�ir+s�r!}�t1 �rnelrr`e trclite�thr l�tn�rQ},pts_{ct�ttfa��t�trsit _. .
<br /> of taxes, hu�rd in5��rna.e�tid other iteil�s mrntiottcd in P�r��reph Z �
<br /> t ,'�ny aiuc�unts eii�burscd hy t Cndcr undcr'th« t'at;�,rtaph ehall ter�e�nrr.iu a.�ihtinuat cfchl c,s Nutr„ucr .aiid t�r �rci�re��l
<br /> �,. hv this Setutily Intitretnte►tt. 'iltesr:�mctuntv shall hiar inte�a��t ln�m ehc date c�i el�4h�tr.c�ncnt. .t� thr .'�crtr r.�tc. �uuE at ttse
<br /> • c,ptian of !ercder:sP�atl he inon�ediateiq due an.i p;��c�hfe w
<br />. �
<br /> T.t'nndeannuian. 'thr i�ts�.ccJ; ut �tttr <titivatJ ��t cla�tsr f��t d��ntaFtr,, �IS!ttt Fsf ;e��t+et+i«ntial, tn ��+nsic�n�rii «eth ��t::
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<br /> iE�11tJCi7M113ttt+li{�t Ut�iGt{:J�llf�E�{�l[��' ��iit1 t�� lttt �-�ff���CCE';v.t9f Ili/ �;I)tkttj:t�t.t'i!t t.i.S�_C i�T Ct�tit�clttti�tEtt�i�,.i�C 1:;°Ili3t�#..t'y!ttC:�r '" -
<br /> _ SCi�i st��lt�e�5i�#i��i_cs�s�er[€�ttli�±�[eni {tt tFic fult:un�ufit C�i[lic CIC�t��C�l1C.�� �111f FC.L1:flt1.� L'[I��.?Ift 11Il�Ct �fl_ �i`fl'clfltt tfF1y �
<br /> �t^�i�r�ly in.ttu�►�e�it. t ct:clrt�tt,di tij�j�h'�uEh�tri�;:rtidc F�ti rtic te,�il�.�lfel{��1 (Ilc' f{ItEt'�+trz:���:�aiEic'rt tfir •'�F��r�r�.<I:�+���:.t+s�s:
<br />� �(I+f�tfi'7Ciil.�ii�±(�i�,!iS��t�Elittljtl2llE�7ftil�,�I1�'v;.����il:t�If!(f5C i�tC��!r+lifYl[3Ctt 111{��Ef:!i!t,y(��i 3..t�Ft�F�t°(t I+s i-�Y(-,+::4�:ti°7�(�•t(�'t[I�i�`c:�
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