|
, • . . '•�"/1R�''•� -••rS�i�it1 !� ;K+��:%t,..�. r.,.U...,�:;N S !Fr7�f , -�,y,.�ir..i:i;t.. rf � :�:� ' ''' ;.i i '��i�1 y .�:.. '�.'`y;}°�t fsuns¢- _
<br /> . �'.:•'...' I ���'nMry i�.�1;�: � �4V. . . . 1�dt%�ru'tidre�MSYir.�rifY��. . _.
<br /> }. . aG3'«:L �P I . .
<br /> -`�'l!I- � . i. �}o� . Y.
<br /> �_..W9• :�.—�rC`a`� � �✓P'?_ ��
<br /> t -
<br /> —_'
<br /> ... • �1(�.,�� �., ��i.
<br /> . �/r:. �.. '"_.
<br /> _ �lxll�.'!xL[:LLe.T.L.a.'._ .. " � �--.
<br /> � � • �1•`,l�
<br /> t��! ["'--_"
<br /> .. �.. ' .....� t"-�.
<br /> ._"_ —
<br /> � '�� '�K� O ��s•�•�rw�i�er—__.r�w��r.
<br /> ;.�� �--10'736 3 �:. .
<br /> n•• ��'-.
<br /> .� , .� � L hf�a1 of M�c4�1�I�w+eN�M I.id�L'W�r•BonoMrer�b�H p�Y whea due ehs prindpal oP.and inteteu oa�the dtbt __�
<br /> . ., S�.�r:�4i*� —
<br /> ,� : e�rWM�ad by the Note�ad lal�chu�a due ueder t6t Note.
<br /> . .�'� ,,•ti�,,,�
<br /> t�ot Tws.l�an�a ad 011�a CY�a�•B�n°W�*��nclude in each mamhl p�ymrnt,toQethe�wi�h '��+ �-�--�-�•�•--=
<br /> 7.Mwitrillwf�* �an laat�pment af�ny(�)tuca�nd speci�l wasmen[s '�."�`
<br /> ' ;;��' ,�;«�G��ti�,''w '' tht{KindP�l u�d iaterat a�at fonb ia the Note and�ny I�te char�es premiurtu for � - ! -- . , .�_
<br /> .�..,';�'„ ._ .,� : ---
<br /> y.,..... .._ ,...♦
<br /> k v i a A or to b e l e v k d y a i n u I h e P ro p e r t Y,(b)l a i e h o l d W Y m e n t�o T�r o u a d ratu an�he ProrettY, uid Ic)
<br /> .. .. ---:.., . Iasuanoe ro4uitsd by Pa�apfi 4. .-mn._- , .:. .,:_.�-,:
<br /> ��.:��_�FS^:r.
<br /> . �' '��'��'' BacM atont6ty iandin►ent for item�(ab(b)aad lN��9w1 onedwelt�h oi tAe annwl�unounts,a rcuanably e�titnnad by —`-w...,:.,u;a•.._ _..�„_.,�.r`�'#,���_
<br /> h I.ender�plui an�mount�utflclem to oWntdn�n additio�ul baunce of not more tlun one•sixth of the atimated�maunb.Ths —
<br /> full�nnwl�mouat foT each Item shaU be wcumulatod by Lendcr wilhin a petiod ending one month beforo an item wouW ---
<br /> ^ . � beoo�ne delinquent.L.ender shRU hoW the aaounu coUated in tn�t to pW Item�(U�(b)�d(c)betoro they bocome delinqumt.
<br /> _ -`.;�' .' +.•� ,. If�t anY time the tatl of�he p+�yments held by Lender tor itemi(U.(b1��d 1c1,to�ether wfth Ihe fuwre monthlY p�yments —��-y-"��.��,.y_;
<br /> ti.,
<br /> �-s,� —: . :
<br /> �" •� for wch itans pafr�bk to I.aider priar co the due dua of such Item�,euceeds by more thu�onrsi��h the a�im�t �moum o a��,---
<br /> "_:;:_; • �'�r':-
<br /> �,�,;.`.. ` �� paYmenu nquirod to p�y n�ch ilems whm due.�nd if payments ouu t6e Note are current.thee Lender aholl eilher refund the '.,.���•��i��Y��,,,y�:.::av�
<br /> r.;,• ;:•;'': exaas ora one-�th ai the aeimated PaYmeata or crcdit tde a�oa�over one•iitcth of Ihe estimaltd ptlyments lo subsequetll , . ., ,:y�.,,--..-.-
<br /> °�"n-'� ps u Borrower.u the optlon of Horrower. if the lotal oi'the payments mule by Bonower tor item(a),(bl�or(c)i�
<br />",' :�� .. ' �psu��o p�y the itea�wbea due.ttun Borrower�d�ll paY to L.mder aoy amoant neassary to m�ke up tbe deflclencY on or ., .. ..,y- .:..��:.YU•.ror".k„
<br />..j;";� •.� � � betoro tFrc d�te tUe item 6aoma due. .. .,;rc:.,..,,•,�..:•••�..
<br /> .,. /�used in this Seeurity lactrument. ••SecretarY••means the Secreta�'of Housing and Urb�n Development or his o�her '
<br /> .;, . , t of the , ....�. ._�.�r:,•.�.�_.•.-
<br />. •, • . '. ' ,l�.�� � desi�aee.Most Secu�ilr Insuumrnu iacurcd by the Socrct+vY are insured cuider pro�ams wbich raluire+�d�ance WY� ; �,�,,,,,,,,�_„��____.,,.�
<br /> � ,'_i'�';..� �.�,_.., : entiro inortp[e�n�uranoe pnmium.it this Secudcy lnacuma�t b or was iawred under a pro�nm which did aot requirc advana �i��'�:�u4:�.��;:..-..�
<br /> .:,,,; : '" ":,:;: ; P�Y�to entiremort�a{eiasuranaPremium.thrneachmonthlYP�7@►ents inc e her. totthe "._ __-__
<br /> t� haU also n lud eit (i)an in�allmen °°
<br /> , .. � .,,• : �� ' � amwl monp�e in�unaee prcmium to be paid by La►der to the SecretuY.or(ii)�moptdly chuQe instead ot a mort�e ,;,•"�:'�c ;:'�.:.�;:,_ T
<br /> : ...�,.;,..N�
<br /> .. ; . • • •;°� � insuranoe Praniwa if�his Secudty lastrumeat is beld by the Socretary. E�ch monthly inuillment oi cha mon�e insurana ::• A.:��;... _�
<br /> ' . �.V,,' � . . prpaium aLall be ia an amount:uffidan to aavmulate the fuU annual mmortaage insurance Premium with Lender one month : :-��
<br /> � ' : '��,�t.c'.:_:�. prior to the date the fuU aanwl mortg�e insurance prcmium is due to the SecretarY.or if this Security Instrument is held by the , --
<br />`�;�� • . SxrewY.ach monthly ch�e shdl be ia an amount oqual to oae-tMdtth of one-halt percent of the ou�qndioi Prindptl . ^„�;�'•.�: - -
<br /> • . -�,'•.;�.,�:..,; 6alance due on the Note. �_-_�
<br /> '� , � ' +'.'`,:� If Borrower teadera lo Lender the full psyment oi all suals secuRd by ihis Setudty Inrirument.Borrower's account�aN 6e ���;:-.=
<br /> ' ` � !.:'•;"='� �� c�odited wiW the bal�nce remainiag tor aU instaUmrnts for items (a).(b)aud(c) and any mon�e insuronce Premium ...� ..
<br /> 't,''' �� '' ''� in�uUmeat that l.ender hu not become obUQated to p�y to the Secretary.+u�d Lender shpll promptly rcfund�ny encess funds to
<br /> � �. , .��F;.;•• Rorrower. Immediatdy pdor to a foreclowre sde of the Property or ies acquisition by Leader. Borrower's account sha{f be ,• .����,�x,._.
<br /> �, � for aH ia:allmen (a). b wod cL '`:"' ``� ---- _-
<br /> . . . '�`fr+.»?i;ti�.: caditod witb apy batmce�tat�inia� u tor items ( 1 l .i,�`:'
<br /> �,..... '�'s... � �:,�
<br /> : ,. "i?:'�•��:� , . �.:;�x:�.
<br /> ,�"'��S't � 3.Ap�!lee�M P��nb.AU Qfyments under D�+�YRPbs 1 aad 2 shall be applied by Leader at toUows: ' — _
<br /> � ,.-,; _�•�_.: - --- .
<br /> ;� ;' .:�^T��: �$;$,to lhe mort�e insuronce premium to be Poid 69 I.enda to tNe�cttetarY a w ti�e mouii�iy tt.ac�t by the SxctlasY '---_-
<br /> msw�apoe premium when this f:�r
<br /> � '..; � " �. i a s t a d o f t h e m o n t h l y m o r t a a y e i n s u n n c e p Q e m i u a a.u a l a s B o r r ower p a i d tMe eatus mort�e� ��,. ., ':'; ',
<br /> r;.��,• , �
<br /> ,::,1. , Secudty Instrument wu siQaed• .. � . t..:,�`:
<br /> , r...�'�. �CQND�to wy wca.special assessaama.kssehotd paYmen[a or grouad rcnu.aad firs.flood aad other h�uard iaserana , , ,. •,,�.6_
<br /> ,r'; pttmiums��s required: ' .�ti����
<br /> '::,i• �gQ to interat due uader the�ote; ''"'��q
<br /> �I r�F�}':..
<br /> ''.ti;;►1�� • ' '�'� .
<br /> . �OURTH.to unortizadon of lhe principal of the Note; :1.;�h
<br /> ,•';�-•���... � „ Fjp'g.to late chu�es due uader t0�e Note. , �;,; ��,
<br /> .:'�t.., �
<br /> �,. :: '.' ,. +����lood W pq�H�rd��ra�ce,Borrower shall insure all improvemenu on the Property,whethe�now fn eaiatence
<br /> �"'";." � ' or aubsequently erected,aQainst a�Y huards.c�su°Ula.and conciagencia.itkludin8 firc,for which Lender requira insurana. �
<br /> � ,
<br /> , ,' ' 'f.';. `:lf��:;`;�;�1� . , ` ' ,
<br />';, .� �.., .;.�;,,;;;,,. >�..:�:�.. Thia iiuurauce sdal!be maia�ained in the amouncs and for the periods thnt Lender requircs. Borrower shaU nlso inaurc all
<br /> ,, •,� ...1' l';•�',..•;:.���`t;,`j..� improvemenu oa the PropenY.wheaC:ev now in euistence or subsequently erected.aHainat lou by Ylooda to the extent required by ,
<br /> •, ��;,.'';.'��11��;�� the SecrcwrY.AI�iusu�ce shall be carcied with companks approved by Lender.The insurana poUcia and any renewals shall r ,..-� ' ��
<br /> ''%�• '•��� be held by Lender aod staU include luas psiyable c+a•�Ses In f�vor of,and in a form atxeptable to.Lender. �
<br /> es ,
<br /> ;; '.i���:• ;;.;f•,i:'• 7 .
<br /> �,.,tii,.�,f�,t In the event ot lc�ss.Honower shall give Lender 4:nr.udi�te not�ce by mail.Lender�su�y m s t ke proo f o f loss i(n.^;:rn a de prom pt-
<br /> � :�.��•:;:t::.:, ly by Bortower.Each insurance cempar,y conarned'u hercby vuthorized au�d direcieci to make paymrnt for st�cA!ms directly to
<br /> �'1��'.�:':•':<� Lender,inttead of to Borroaer tur:d tr Lxnder jointly.All or aay pnrt of the imurance praxeds may be applfed by L.ender,at iu i
<br /> , ..��� , .i�
<br /> •• ,,,�.:�i. opUon,either(a)to the rednction t+�: ihe indebtedness under the Note rnd this Secudty Insttument.first to any de nquant 1
<br /> ' • •- amouau appUed ia the otder in Paragraph 3,and then to prepaymeat of pdncipal,or(b)to the restoration or repair of the
<br /> .. • tla�u�ya1 property. A�ng�application of the proceeds to the pdncipal shall not exiend or Fostpo�e the due date of the monthly
<br /> i •
<br /> _ ; : . paymenta which are reYerred to in Puapraph 1,or change the amount of such payYmenss.Any eacas insurance proceeds over aa .
<br /> , ..� , amouet required to paY a�l outstandinQ indebtednas unde�che Note and this Secia�t;�ianrument shall be paid to the entiry Ic�al- f. ., ,
<br /> ':+;..`•:, ly mtitled therMO. + . : �.,� ti ,
<br /> 1'�;:'}�� , p�:he event of foreclosure of this Security Instrument or c�tp:er transfer of tiUe to the Propeny that extinguishes the in- � .: �:..,::� -��.��:
<br /> debtedneu,all riaht,title and intere�t of Boaowse in and to i�ouiance Dolicia in force sha7:pa+s�a the purehaser. ; �,:•i�,: ,. ,
<br /> • .".�:�,.� .. _.. � ,
<br /> � � ' '+`��ti% S, prexnatlo� rrd M�tesuce oi tYe G'�pertl+. I.etuYuldi• Borrower shnll not commfi wavtr o�destrop,damage or l
<br /> ' �,,i,;.�.. , '"
<br /> .,,,�;t„�.�)� substanti�lly chonge the Propeny cr aDlaw the PTrDerty a deteriorate.reasonable wear and tcar excepiecl.G.rnder may inspect �
<br /> n
<br /> :,`,,�_;:;;��•. the propaty if the pro�oeny is vs�;an:or abandoned or the loan is in default.I.ender may iake reasanable aca:an to protect and
<br /> . �.�Z „�� presave such vacstnt or abandar.ze praperty.If this 5ecudty Instrument is on a leauhold,Barr,rweT ahall comply with the provi- ,
<br /> +�:���'� ' sioat ot the lease. 1t Bcxrower sKr�vues fee titk to the Property.the leasehold and fa tiile e�.a73 r.ot be merQed unless Lrnder •,�
<br /> •. � ' a�rea to 1he merQu in cfiiin�. '
<br /> � ' 'i• • 6.(��p to tiaen��s�ad ProtccUae of I�der'�RI46ts U iAe Pwper�f.4+c's:wn shatl Qay all goveromental or municipal .
<br /> � ;;•�,�. � ' .�l:rse r'rl;gadons on time dkecUy to�he ,
<br /> ,:•�:�.1, . diuges,fina and ir.:�citions thu ue not inctaded in Puv�rapi�2.BOn�wre:s..p.:rp.
<br /> � •"''`�, enuei.-y�rflich is owed the payme�et.If faiture to p,ay Would ad�Y�seiy adQacc Q.�er.cer's interx�:�':;��ropeny.upon Leceder's ce- .
<br /> � !i,:.i '
<br /> qr�:C)urtowa shall promp�iy farnis[s w Leeder nce�p�s endenceR�altiesr FaK�e�e�s.
<br /> , If Borrower fai4s r.cr malce tAest r,+ayments os the paycrtents requited by Pua�ara�h 2,or fails to�er:2r�artS�a�:ltitr covenu�ts and .
<br /> � �:� , agreements cocrai.rr�d in ch�s Sa.�uraY I►�scru�ro.c.ar there is a legal praceedns8 chat may signiPicandK aN�:��r 9.�:nder's rights in
<br /> � the Property(s�c0 as a Praacdi.eg in bznleruprcy,for rondemnauon or to ea�orce laws ot tegn�anoasY.eCrrx�der may do and
<br /> . . ...�Wh,�w�u a�ec,acv m erore�the value of the Propeny and Lender's nalus ia tAe�ropaey.�cta�m�DaYment of taues,
<br /> ' . � haurd i�suance and otlu.K iiema mentioned in Poragroph 2.
<br /> n
<br /> ' Any amounts disbursed by lender under this Paragraph shall become an additionol del�r ot`l3orrawer and be secured by this
<br /> Security Insuumem.Thae amoums ahall bear interat from the date of disbursemrnt,at the Note rate,and at the option ot
<br /> • Lender,shall be immediately due and payable.
<br /> 7,Cw/e�qtb�.The praYeds ot uny award or claim for damaga,direct or consequential,in cunnection with any condem-
<br /> � nation or other takin;ot any pan o(the PropeRy,or fur con�ey�nce in place of condemna�ion.are hereby assigned and shall be
<br /> paid ro Lender to the extem ot the full amoum of�he indebtedneas that remains unpaid under the Note and this Seturiry Instru•
<br /> ment.Lender shall apply such pnxeeds tu tht redunion of the indebledness under the Note and this Saurity Ins�rument,litst to
<br /> any delinquent amounts applitd in the�rder pr��ided in Paragtaph�,and thm to prepayment oi ptincip�l. Any npplic�l►on of
<br /> Ihe proc�eais to the principal sh�{I not eatend or postpone the duc dtte of the mon�hly payments,Nhich ate re(erred to in
<br /> Para�raph 2,or ch�nQe tAe amoun�ot such p�ymrnts.Any eacess proceeds ovet an amount requiral to pap all outstandin�m-
<br /> debtednas under tht Nute and Ihis Sccurity lostroment sl�dl be paid to the entitY le�ally enluled tAereto.
<br /> �.Few.Lender may collcti�fas and charges nwhorited by the Secretary.
<br /> �
<br /> PoR�?nJ I
<br /> �
<br /> .
<br /> .
<br /> � - __ _ _
<br />
|