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<br />a u..dl+a,thr 10508
<br />+r.y► ` tit" rrreens tits Ssaagiry of Ekuair11 and Man Q� T hip or her dw%m.
<br />Meet soft. hernarrs " insured *-the somawy ama hstumd under pragmma which adwarros pSynn t at Nra W" '
<br />ffsl torombtaet-ta..
<br />�• raatgags •
<br />- - prwmwr�tctr� -s =sue . .
<br />martarge kareranoe P!r4*^ throat ate rmmo"payment sW also i dude ajwr: W an b takm% of the annual nrortgege "Prelior
<br />FNWAMa to be paid by;' Lsrld r to the Sea lary.,4* p) a morrllrly dwp mated of a mW%W ineursnae praniur, N this Sewiy -
<br />,- - _ .- .: NrNmraAirt ie ..hairf 4y'gre Saa�rtarY .Each nrorNhh►. tns'Wr►w>t d the morr�a�e IrHraarree prsmhlut sttd br to an alaaunt eu�oirle� io .
<br />aonraraiM 1[ri tlii,arrruai eiprt lie inauranos Rw"' wilt Lander one mon% prior tb the *0 the is anrruai morIme insurlm
<br />praautnert ie due czar the Seoritary;
<br />at if�ds Secu* ktwimnaati`is heirtty
<br />mss! �D�iarY. each narrttrfy► daryu sMh be to an servo nt .
<br />': ; M Barvwer females b Lentlsr Mme tutpriymwit of,* Brans sicced by this & i<y hsltirnart. Barvwer'e account and be F, Mery Y T
<br />s` wM1r >litr bainoi rwsmtiirtrrg hoer as ltetrirsarNe for titre Na,.lb) arid (0) 'and any mMVP heuanroe psniran tnaarirw+t tfm.t terrier
<br />inns net bsooara d0pad to pay 10 fre,secretary, dial Lwow •$hat Pwf% gtr rssrlyd arm► owns. tamale b Borrower krwnt 1* prior tot,
<br />a sonaei4iune seta of the Ptapertr or Its aoquidion W Lender: 8orrowrtr's e+ccocart shag be aedlted with any baiartw rerrrairmIng for a1 .
<br />,; iaasrarermts tor. hams (a), (b) and tcj. , .
<br />3. Appli�stion of Paynaaxkts. PA peyme nts under pragrapfa t &W2'
<br />nd 2 she/ be Wiled by Lender as faeces:
<br />.. F1rst b tins Martpepa InenrarmcS p err dram to be paid by Lander to the SKndwy or to the monthy, charge by the Suaa4ry
<br />iraisad d Nre r ci t mortgage In smite Prsmkan, W*WS Bwowor paid the orbs mortgage kwurance prerNu m when this ssaaty
<br />Insirtam d was atgrad;
<br />�s001ad, b zany texas. special asseasrrments, taasehokd payments a around rants, arr61: tire; r._sd and other hazard insunerce '
<br />". Perrm AW es tsrairadl
<br />71dfrit, to trmaSrest due under isle Note;
<br />Fbwft to ai iefteW n d the principal of the Note:
<br />Fitch. to 1610 charges due under the Note.
<br />! 4. trial. Flood end Oliver lf=ud Insarapear. Borrower -shad in ON hmprovprments on the Property. whither now in
<br />I , Srdsiarmoe or subeegtrwdly started; against any hazards, casualties, and eonthg rides. indudhg fire, for which Lanft miukes
<br />insurance. Tints Insurance shag be maintained in the amounts and for the paned$ that Larder requires, •Borrower shd also here d
<br />knprownents on the Property, whether now In existence or subsequently erected, against Toss by foods to the Want required by the
<br />Secrelw N insurance shd be carried with companies approved by Lender. The insurance polies and any rermSwals shall be held by
<br />udeixs-
<br />-- , p�.bits darer: in. ;eras€. -iii a fames tor. fen - -- - - - - -- -
<br />in the wM of toss, SwWar shO Ske Lander inanediate notice by nun. Lander may make proof of We N not remade prompfy by
<br />Bgrrower. Each hwrance company ooncuned is hereby authorized and dratted to make payment for such loss -dtracfy to Leader,
<br />is
<br />Instead of to Borrower and to Lender jointly. 111 or any part of the insurance proceeds may be applied by Lander. at its option, either j
<br />(a) to the reductfon of the Indebtedness undor the Note and this Smrily Insirument, brat to any detinquart amounts appgSd In the order
<br />In Paragaph 3, end than to prepayment of principal, or (b) to the restoration or repair of the damaged property. Any application of firs
<br />Pmesads to the'�pnccipd shag not adend or postpone the due date of the monthly payments which are referred to in
<br />Paragraph 2. or
<br />chWW the amount of such payments. Any excess insurance proceeds over an amount required to pay d outstanding hdsbtSdnes r -
<br />under the Note and this Security instrument shag be paid to the entity legally entiWd thereto.
<br />In dw went of foreclosure of this Security Instrument or other transfer of We to the Property that extinguishes the Indebtedness, debtedns, as
<br />right. the and interest of Borrower h and to insurance policles In force shag pass to the purchaser.
<br />L Preservation #ind Maintenance of the Property. Leaaeholds. Borrower $hall not commit waste or destroy,
<br />dartage or subsWmtWy change the Property or allow the Property to detatnirte, reasonable weer and ter owepted, Lender may
<br />- inspapt the propafy N the POP" is vacant or abandoned or the Barr is In debug. Lender may take reasonabis action to proud and
<br />Mesa" Such vacant or abandoned property. h' this Security Instrument Is on a leasohoid, Borrower shag comply with the provisions
<br />Of the lase, . It Borrower acquires fee We to the. Property. the leasehold and fee t* shall not be merged unless Lender agrees to the
<br />In wrltlw..
<br />6. Charges to Borrower and Protection of Linden's Flights in the Property. Borrower shalt pay all
<br />govammIntal or municipal charges, fines and Impositions that are not included in Paregrsph 2. Borrower shall pry these oblipoons on
<br />OW directly to the entity which is owed the payment It falure to pay would adversely affed Lendar's.Interest in the PropeRy, upon
<br />LwxWs request Borrower shall promptly furnish to lender receipts evidencing these payments.
<br />N Borrower fails to make these payments or the payments required by Paragraph 2, or fait to perform any other covenants and
<br />ag isments contakrred In this Security instrument, or there is a legal Procaedirg that nay significantly affect Lender's rights In the
<br />Property (such as a proceeding In banfcruptcy, for condemnation or to enforce Iaws or regulations). then Lander may do and pay
<br />whatever is neeemtaary to protect the value of the Property and Lender's rights in the Property.- Including payment of taxes, hazard
<br />Insurance and other Items mentioned in Paragraph 2.
<br />Any amounts disbursed by Lender under this Paragraph shall become an additional debt of Borrower and be secured by this
<br />Security Instrument. These.amounts std bar Interest from the date of disbursement, at the Note rate. and at the option of Lender. shag
<br />be hunsdatMy due and payable,
<br />7. Condemnation. The proceeds of any award or claim for damage•. direct or consequential, In connection with any
<br />condsrmxation or other tIM9 of any part of the Property. or for conveyance in place of condemnation. are hereby assigned and shall
<br />be paid to !dale- to the extent of tho full amount of the Indebtedness that Mains unpaid under the Note and this Security instrument.
<br />Lender shag apply such proceeds to the reduction of the indebtedness under the Note and this Security instrument, first to any ?
<br />delnquent amounts applied In the order provided in Paragraph 3. and then to prepayment of principal. Any application of the proceeds
<br />to ±h! pri.!c*M ..sisal eat e)dosd o- pWOarua.the due date of the aumft pssyf=to.:rslmtcl► $era reterrefs to irrParaaraptr ereirerrga - the amount of such payments. Any excess proceeds over an amount required to pay,a'1 outstanding Indebtedness under the Note and
<br />this Security instrument shag be paid to the entity legally enL`Ued thereto.
<br />8. Fees. Lender may collect fees and charges authorized by the Secretary,
<br />9. Grounds for Acceleration of Debt.
<br />(s) Default. Lender may, Ox' cept as limited by regulations Issued by the Secretary in the case of payment defaults. require to
<br />immediede payment in full of all sums secured by this Security Instrument it ±:
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