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<br />L Peg_ of Prli ellid hatessal aM Lai Cbsolp Borrower shall pay when dire the principal of, and interest on. the debt
<br />evWetsod by the Note and late charm due undo the Note.
<br />!. Matt11 h FarmlOWSIUM fasaraaee ntsd Otisr Ciarpas. Borrower abet( include In each monthly payment, together with
<br />dw principal WA Warm as sat forth in the Note and any late cluerssa. an inadhams of any (a) trine and spacial acustu fetmts
<br />kvled or to be lc%;1W aph:ist the Propety. (b) Isasehold pety'satinis ox ground revs on dw Property. mad tc) premiums for
<br />iawvaaoe a squired by Paragraph 4.
<br />Bach atauthiy 1aatellbnsat for bans (a), (b) and (c) ileaU equal one - twelfth of the annual amounts, as reasonably estimated by
<br />!.ender, plus as amount sufficient to indutaw an additional bttlanat of not mare than oats - :lath of the estimated amounts. The
<br />ful annual tweesunt for aaeh itan a;ltaq be socumuWed by Leader within a period willing one month before as item nwtW
<br />hover is dallaquesit. Laetder shW hold the amounts cotlsaad intrust to pay itass (a), (b) and (e) before they beortae dtdiaquent.
<br />If at any time the total of the payments held by Larder for items (a), (b). and (e), together with the future monthly payments
<br />for senh items payable to Less tr prior to the due data of such Items, exoeedt by more than one -sixth the estimated amount of
<br />piyaaatu ragtdrrod to pay such items when due. and if payments on the Note are current, then Lender ftH either refund the
<br />axoear am am- of the estimated payments or credit the excess over one -sixth of the estimated payments to subsequent
<br />by Borrower. at the option of Borrower. If the total of the payments trade by Borrower for item (a), (b). of tic) is
<br />to pay the item when due. tbm Borrawa shall pay to Leader any atmount necalsary to make up the defidescy on or
<br />be fow the due the lion bet oome dw.
<br />As used in Ibis Soeurigr betruaaart. "Secretary' mesas the of H and Urban
<br />dosirsext. Mau Security lasttuanents insured the Secretary °mtsi Devektpneemt or his or tree
<br />entire mortyp tatwanoe primal m. If this Security 1 rutut menu is or was insured under � program require
<br />hkh did not require 1ees of
<br />advatim
<br />payment of the entire morisa`e insurance prsrsdum. tarn each monthly payment shall shoo include either: (I) an installment of the
<br />annual mortytpe limuraaa prtaaium to be pail by Lender to the Secretary. or (ill a monthly charge instead of a mortgage
<br />lasumnos preolum U this Swurby Instrument is held by the Secretary. Each monthly installment of the mortgage insurance
<br />premium Ad be in an amount sufficient to aocumulme the full annual mortgage Inurar,Y premium with Leader one month
<br />prior to the due the fun anneal mortgap insurance premium Is due to the Secretary. or it this Security Instrument Is held by the
<br />Secretary. each asoothly charge sl1W be in as amount equal to one - twelfth of ow -half percent of the outstanding principal
<br />babace due oa the Note.
<br />It Borrower tenders to Lender the full payment of all sums sectored by W% Sftwity Instrument. Borrower's. account shall be
<br />credited with the balance remaining for all inuallmenis for items (a). (b) and (c► atad any mortgage insurance premium
<br />Installment that Lender Inn not t worn obligated to pay to the Secretary. and Lender shall promptly refund any excess !'tussle its
<br />ftsow=. lswuo� pior to a forR-howore oak of the FroyErtr w sus wvliahion by Under. Sonower's a000aut natal be
<br />credited whist say bickwx remaialas for all UnRaUvivafs for Sims tar. lb/ amH (e)•
<br />p. Aptlli>ladim of Prsymmift. All payments usndca rwagraphs 1 and 2 shall he applied by lender as folio":
<br />i�a to The mortgage inwrsaoe peesntuns to tV pang tow 1 sneer to the Swretary or to the monthly charge by the Socretary « 1
<br />it Out naontbly cesoatgap inwrasom prcauutm, unless ht;w•town paid the ettsrtt w v,,,# a insure= premium w1cen this
<br />IUautruasast was AstMed:
<br />Q. to nay taxes, a ecL! assesstrtents. k-awhold payments or around resat. and fue. flood and other hazard inwrance
<br />pemiunn. as required;
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<br />. to interest dw under the Note;
<br />anoatindon of the principal of the Note;
<br />tto
<br />t c late elurga due larder the Note.
<br />4. Wk% /lee/ and 01ber Ilaerd Lcewraaes. Burfawer shad) insure all improvemreorx tic tl:t Property. whether now in existernce
<br />Or wbggrsently erected. against any be tards. cas"Ugm, and contingencies, inclWinu 'fie: t. for which 1 ends requires insurance.
<br />TM intufratice shall be maintained in the amount,. asd for the periods that J.serla requires. Borrower shall also touts all
<br />ilesptavtrvrl ti on the Property, whdher now in exissttftct sir sutnepuently erected. against bas by floods to the extent requs,ed by
<br />the 6lerxrAury.
<br />All lnsurance shall be carried with a nrpanks iapp,-wed by Lender. The insurance policks and any feaesvacb, rFWd
<br />be bold! by Leader and shall iaehrde bus payable clauses in Ustum of, and in a form scmptable to. Lersder.
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<br />In tit everst of hose. Wwower shall giw IRadse i line Bate notice by mad. Lender may matte proof of loss if no made prompt.
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<br />ly by Borrower. E1110 .tT.uwaom Company ooneffned is hereby authorised and diraled to mate payment for such bas directly to
<br />Lender. Island of tet Borrower and to Leader jointly. AV or anv $watt of the ineuraa v proceeds may be applied by Leader, at its
<br />optba. either (a) to the reduction of the indeblednem ursdee !;Fri Note and this Sesarr(ty lastrumernt. firm to any delinquent
<br />amounts applied In the order in Paragraph 1, and these to pt'eystlment of prtrs ipd. or (b) to the restoration or repair of the
<br />cheeped peopartx. Ally application of the ptocutsedly to the prnn.7pai than twit tstend or postpone the due due of the monthly
<br />payta MU which arty rrtYerred to in Paragraph 2, err chasee the xnsssuat of sut*,raymrnu. Any exceu insurance proceMs over an
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<br />m aouat niquirsd to pay all outMandiag isidebtadacto •usidair lfte Now and this Security Instrument skald be paid to she entity lase!•
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<br />lag adth it tbereto.
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<br />In do erect of forseJosure of this Serially Inttrvmeertr or omen transfer of title to the Property that extingursPor% the m•
<br />debtedelsss. W right. task and interest of Borrower to trend to inr,uame policus in force shall pass to she purchases.
<br />B. ltwsrrWase herds .vr'MhMmat t of Oft PrwpMrr,t.r., laanek". Horrewew shall not cnmmu chaste or destroy. damage tar
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<br />substaatWlY chaW ate Proparty or allow the Pt opt:M to deterknrate, reat.►nable wear and tear excepted. tender may inspect
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<br />tie pttaparrf; it list petfgamly is vacape w abet diNzoa .ttt the !part is In default l.e'isder may take reasonable anion to M.V-. ct and
<br />Pf"NW .A "NM or *bandonad 11111%va ty. 11 dir sawiaY Una,;,•uhment is on a leasehold. Borrower shaU comply with )U* provi•
<br />sloes of the ieme. It Swoon tax
<br />aoquhns late w to Ipmpitir. :t, tlbr kasehohd and fee title SMJI net be merged unless l ender
<br />dares to the asarster• et• tSriting.
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<br />6. C60M N BaRewrr a■d Pefift ace d Laceder's Itleila i• tie Processes. Borrower shall a_ av all suvQnmenui or min im
<br />chrpaa, fleas sand impositions tats are teat inducted in Puapapls 2. Hotrrow er shall pay these obligations on time directly to the
<br />atdihr whfcb is owed the psymmO. If failure to pay wrosid ado owly alfay Lender's interest in the 1' operly. open Y ewer's re.
<br />qua Borrow abet! promptly furaMb to Undo raerpts evsdust wit these psymms.
<br />If •orrowas fib to awake tbne psyatsata or the psysaeats required by Paragraphs 2, or lads it) perform anv uthtn .owsoms mad
<br />epeeecesats costaiaed in thin Security I atrumest. oe titre sc a legal pro ndhaag that may ugwfKwlly of fecf f safe'% nstm j .a
<br />the Pntprty JIMA a a pretusdiag U bankruptcy. for cewdanrohw, o or tar agoras tans or icesulartnhsrul. then 1 endar mov di) .taw
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<br />pay trr"ever ill swomy to paten the value of the Propen:Y awl keaae+r's rights in the Property. rrkluding psvtttatsr tai' taxes.
<br />bastard kesuraaoe aced other i ems mentiorml in Paragraphs
<br />Any amounts distarasd by {-der undo this Paragraph shall bttiorw an addstsunal drM of Burrower and he se,ured by thus
<br />Security Iceatnwsae. TAae amounts slsall Mar tnterem from the date of dMAurreasent, at tk Note rate. and at the option of
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<br />Ladner. shall be i.sne"aly dw aced pay".
<br />7. C40senwalle a, TM proceeds of any swaod of claim for damages, duay of ,onwiluentul, in .imnertlon u ah any ,ordem
<br />retina or Cebu UA* of any part of the Property, Of fur r:onveyancY Ica place of corwhensssatxm, are herehy asujined and .ball he
<br />paid to larder to file extent of the Will aanam of the ttttlebasdneu that remains untood utnier the Note and this 1e, unry Incttu
<br />stash. LaWet nball apply Sikh prcomcda to the rtductkm of the usdeMsdness under the V.,te arhd this 1c.unty in tit ument. fit .I tr•
<br />say ddiagueal amounts apply d in the older provided in Paragraph J, and then a, ptepsyment ,d rittkrpal Any appikaitmo .`t
<br />the procanda to the pfiacipMl shall not extend tar Ixnrpo st the due date of the monthly ps)nwnt.. s,hwh are tefetted t,. tar
<br />Painegrapb 2, or cimuW the amcwnt of such payment.. Any excess rstotreds otet rt< amouar m4itited to pat all .•,rntandamp it,
<br />debea essa wider the Nee aaxl this. 5e,urily itulrument 0" he red Gtr the emit leealll entttkd thertt,,
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<br />L leas. Leader may :otlNt fees and charges auttsuttred by the tie'.retu)
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