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- - radt atoiwry. inelibttwt to hems �, �). <artd M eihat.e4ra! arns►MreMh d the arenual annatanb. as reasotrMny eglrneMd _ &I Dade; PW wi NOWW 3iot �si+is�r in tiinoi M ni t ieoee thin ani@10 d that ei6ole$ ama M. - - The, fart a%%W a mwit for each rem shat be aootatrotaMd by Wider %thin a Period snit gran month.bslora an ken would boiceft de%gaw Lander that hold tla smotrf aerated N truer So pay Rents K (b). and (c) Wore they b a dstrtquant , N aR tints tlir folrt o4 �M held lancer for dlerAS r� c with Una t owi may, �. Wr �)� „^. Oe nrnortiny WtynMtttt OW such, teas pettabli $0, Lender pTor to tits dw fWft cl sadi ltow own-6 W more then ine sldh the astinated anicu t V of ftIPM is "qWW fie perry Stroh . "" when dues, amd N'PaymerMt on Vie Note we arlrnt.. then Lender &hall diner =OVA trine IrrOSas order oaeMatr d Nns 10004 d payraanM a credt the ers0lws over ome aAdh d the eft coded payments to'subse;Iuant -, . paytitetts by'twtrs%er. af.tffe aplfestt aA porroewr. N Nre acid of aims payrnarrb' made by Borrower for Ram (a). (b). or tc) is htetSWO lo pay ft been when die, then Bcnwkm shell py fo Lander any amonwt necessary to make up the doklewy oa or below the dells She Asin beoomm dire. v As and M 11ds SnftaMy iletllerlNlt. �8wew Means tiro ssaetry d floudi and urban dewlopmord or his or her ; deelrtae� Moat Seowtyir rtae Its l nrnrad 107 =11 `2easry are hewed under p no— rs %attain niluUr. sdva W payntwtt of MnR �rtlirrr rnort go Ineumnoe prow 'N this. Sow* trneitmod is or wtw i ouisd under it program which dd trot Vie. . adstrta pryntart d rate arrtre,atatgigs tnwrarta pirrrtksn. then each mortttty paymwt shat Selo indnde ether:.m an tn&tatrnant d fits alaaral wA tgaga irsiam oe prsmien to be pall by Under io fire Sea fay. or (M) air monthly clone hand d a mortgage tnwrartae pnnrttiart N this 4aotaly Insbtame M held * the 3acrerry. Ewh monthly i i ph wt of the ma!gags hstrence prwrnlaa af+et be In an amount sutNdent b aoarierlals the fit annual nnortgags hsurrnoe pwmiwn with Lender aria month prior to ft dot ft M annual molpo insurance premium Is due to ttte Secretary. or N thin Seamy Inskumwt Is held - -s -log oe tiatislry, each mwtft Sharp" be In an armorer i*W tau one twdlth d one hell pecwt of the oWetandiq p mdpd - - -- -- bfrieso Am an_>ba Mdo -. - -- -- N Bwrewer I n ft to Lender fin full paynnert of st Sums sawed by this Sa uft, Instrument, Borrower's account d" be orefsd vft fIN baletae ra whip for at IntUUnentt for iarw (a). (b), and (c) and any mextgega Insurance premriern . iahiaerrt that •Lender has not become obligated to pay to tfu Secretary, and Larder slid promply nik" arty excess funds to eonrmm Im oM* prior to a foredosuro sale of ft Properly a Its acq* ton by lender, Borrower's account shah be aoftdv^ any balance ranch ng'far all inStsi mfr for teens (a), (bj. and (c). :i ftOW M of Payment& At payments under paragraphs t and 2-shall be applied by Lender as follows: U, to the mortgage insurance: premium to be paid by Under to the Secretary or to the monthly charge by the Secretary instead of-the moMhy mortgage insurance premitm. Wass Borrower paid the snit mortgage insurance poirnium when this Security Inafru meat was Signed; pnsMrw+�r � tram, spacial asswerner . irasshoid payments or ground rents. and fke, flood and other hatard'hsurance 3M to In! I I did under time Note E21& to annorllrsltc of the principal of the Note; to Ile drapes due under the Notes 4. fire. Flood and Clher Hazard Insurance. Borrow shall insure al improvements on the Property, whether now in wdafen , or subsequently erected, against any hazards. casualties, and contigenuxes, Including fine, for which Larder requires inwrance. TIN Insuranae'shM be maintained in the amounts and for the periods that Lender requires. Borrower shag also insure err inproverwts on the Property. whether now in sidstence or subsMisntly erected, against loss by floods to the extent regtrlsd by the Seaelaty. At insurance shat be as a with companies approved by Lender. The insurance policies and any rarnawels shat be held by Lander and shelf inducts loss pey@M clauses in favor of, and in a form acceptable to, Lender. 1 In ft -stet of loss. Borrower shelf gee Larder Immediate notice by mid. Lander may make proof of toss t not made praft by Borrower. Each insurance company cornwmed Is hereby authorized and directed to make psymsrnt for such loss 1 09* to Lender. Instead of to Borrower and to lender jointly. M or any part of the insurance proceeds may be appled by Lander. at Its option. either (a) to the reduction of the Idebtedness under the Note and this Security Instrument. fiat to any dskmWet %Scuts applied In the order In Pwagneph 3. and then to propsyment or principal. or (b) to the restoration or repair of the damaged property. Any eppticallo of fine proceeds to the principal shin not extend or postpone the due date d tare monthly paymenta which are referred to in Paragraph 2, or change the amount of such payments. My excess instwance proceeds over an amount n p*od to pay Y outstanding indebtedness under the Note and thli Security instrument shall be paid to the wtky Mg* We thereto. in tin avert. of foreclosure of this Security Instrument or other buster of title to the Property that extinguishes the Indabl dnass. sir right. title and Interest of Borrower in and to insurance poiictes W face shd pass to the purchaser. S. Presentation and Maintenance of the Property, Leaseholds. Borrower shelf not conxrA waste or destroy, damps or arbstendetiy change the property or allow the Property to deteriorate, reasonable wear and tear excepted. Lender may inspect time property N the property Is vacant or abandoned or the loan Is h dehult. lender may take reasonable action to protect W4 pins we such watt or abandoned property. H this Sscutty instrument Is on a leasehold. Borrower shall comply with flte provielons of the leases N Borrower acquire fee Vft to the Prop", the leasehold and fee title shall not be merged unless Lender agrees to fin merger in waking. 6. Charges to Borrower and Protection of Lender's Rights in the Property. Borrower shat) pay all quivem enW or murriotp - charges. liras and impositions that are not Included h Paragraph 2. Borrower shat pay these obligations on tins dkectly to the amity which Is owed the payment. N failure to pay would advesey affect Lender's Interest in the Property. upon Lert W* raqure Borrower shall promptly twrriah to Larder receipts evidencing these payments. N Borrower fats to make these payments or the payments requked by Paragraph 2. or fails to perform any other covenants and agreamants contained h this Seam* Instnrrnent, or there is a legal proceeding that may signAcantly affect lender's rights In the fkeorrrty (mf t as a proceeding in benPruptey, for mnden Ulan or to enforco laws or r.-Sul.-tans). then Lender may do and pay whatever b necessary to protect the value of the Property and Lender's rights In the Property, Including payment of taxes, hazard insurance and other items mentioned In Paragraph 2. -Any g C"mad by Wdcs undw ulna RaiWaph 44 ;K,evrrw r err w""0 debt ul tonruwer anti be uewfe d by this Seaway Instrument. These amounts shat beer interest from the date of disbursement, at the Note rate. and at the option of Lender. Shall be immediately due and payable. FHA Ncbrj:..2 Occ0 cf trust - 1453 Page 2 of 5 (4,m 1:'LiT2 Gfm7 230 1- ca --