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<br /> ° ,, "���,�;«:` -'`7?',� Borrown sAdl PaY whm due the priaciDal uf•�nd ipterat uii.tikt debt . .'-,�"`-_ -_
<br /> ;,, _M L Py�n11 et l�el�al�Iderat ari taN CMarp• a6__�-�-�
<br /> , •� � .. erldencad by the Nace�ad late chu�a due unda the IVote.
<br /> ' . �',' . •`��- ' �`�� otT�ta.i�wt�a aM 01M*�B°ROwer�aU ioclude in ach monthlY psYment.to4ether with _; :__--
<br /> �.Me�Wb�ti
<br /> the priac3�i and iaterat u�et totih in the Nate and aay late chana'�io ed�a on the Piopeny�and l�rem ui msefor � <,�--�-
<br /> 1 kvkd or to ba levfed+�inst the PropertY.1b11ea�ehold WY� w,�.�ys�.��...-------
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<br /> Ipwtanca requUad by Pwn�nPh 4. ,.::
<br /> i ` . ��ch aqnthly iustaUrt�cat tor itaru(a).(b)and{e)+hdl equd one•�welftb ot the annual aroounts.as reawnably esdm�ted by �.:-.--._.: :._'_ _- - -
<br /> , Lp��p���u�mount sutffdrn�to mdnWn an�dditional bdanaof nat mare thpn ane-sixth of ihe aiimo�N1 wnounts.The ,..�:,.,,�,�-_�
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<br /> � full�nnwl unount tor e�ch item shall be accumulued by Lender within a period endin�one mo�th before�n item wauld ,.. ,�,_•��
<br /> become deUnquenl.Lrnder sh�l1 hold the an�ounts colkaed fn tnut to pay items(a),(b)and(c)before they become detinquent. t. . .;.-��•�=---�
<br /> 1 If at any time the tota!ot the p�ymrnts held by Lender for items(�),(b),xnd(a),toaNher with the future monthly payment: .�+�.;��jiJ� '�' "�
<br /> tor such itrnupay�bk to Lender prior to the due dues of su rn��u ihe No e a�e curnnta then l.ende h haU ei�heedr rc und�the , ;,� =t::�"��' �
<br /> p�ymenu required to pwy such item:whrn due,and if paym enta to subs�queot , •`"`•'��
<br /> e�ctss over one-sixth of the estimatcd paYment:or credit the excas over one-sUcth af the estimoted paYm '-- `•�:;•t;�+.u+:.;.�...r.-
<br /> p�yments by Borrowa. at tha option of Horrower.Ii the totd ot the paYments made bY��RO e�e up�he daRcknaY un o� L.`-. I
<br /> ,. , iasutfldent to paY tt►e item wdea du�.then BoROwer�hdl p+�Y to Lender anY a�aeouot s�a�Y ',�.:;����._
<br /> befora the date the itan becoma due. � ,�}! y ;
<br /> ° . As used in thb Security lastcument, ••Secraa�y,�•meam the Sarctary of Nousia�aad Urbaa De+�elopment oe his a her "� _+,`��`��-�-�'?�'��^',
<br /> � dai�neo.Most Secur(ty Instruments insured by�he Scc�euuy are insured under pro�ams wNch requirc udvance D�Y�t o�the �;,,.��A.�
<br /> rntira mon�e in�uT+mce pmniwn.if this Secudcy Inatrumant is or was aseued under+pro�am which did not nquite advance "�Jy ry.�
<br /> p�yment ot the eatl�e mon�aYe iasur+u►ce premium.then each momAlY paY�nt shaU also include dtheT:(il an instaUrnertt oi'tde E'�'"�
<br /> � � - annual mortaa�e insurance Drcmium[0 6e p�id by Lender to the 5ecntuY.or(ii)a monthly char�e imtead of a mon��e "' �;;�
<br /> Each monthly installment of the monQ�e ���:����°�
<br /> inaurance prcmium if this Security lnstrument is held by the Se�retarY• E ,;:�,�
<br /> prcmium shall be in m�nount auffldent to accumulate the t'uq ann�wl mort��+Be insurance premium with Lender one month t -
<br /> prior to the date�he tull annurl mortYaQe insurance prcmium is due to the Secretary.or it thi�Security Instrument is held by the
<br /> SecKtary.euh man�hly char�e shaU be in an amount equal to one-twelfth oi one-ha16 percent oi the outstandina pdncipal � :.+��,a—
<br /> � . .� balsace due ou tAc Note. ' •�'
<br /> ' • , �f gorroy�r¢en�ters to Lender the full payment of all sum:secuad by this SecuritY instrument,Borrower's account ah�ll be " •.•;,;
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<br /> r �� crcdited with ti�e baL�na �aeafning for all instaUatenta for items (a). lb)and(c)aed any mongaBe insurance premium
<br /> , .';';;;; :,t;,�,,..,•,: ins�allment that L.ender 6a.D aot become obligated to pay to the 5ecrctary,and Lender shall promptly�rrerower s�aecou t suhall be • ; --
<br /> �,;,A;i, porrower. Tmmedi�tely prioT to a foreclosure sale of the Propeny or Ns acquisition by Lender.
<br /> • c�edited wlth any ba�nce rem�inin�for aU installment�for items(a).(b)and(c). �
<br /> . ^ � �.��
<br /> ' 3.Apofiatlo�o�P�yu�e�b�.A��PAYments under paraQraphs 1 and 2 shall be appUed bY L.ender as follows: �� �.,_`s_
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<br /> j�JRST.to the morigaQe iasurance prcmium to be paid by Lenda to the Secretary or to the monthly charge by the Secretary
<br /> ;4%�_ ..,� �'-` Instead oi�he monthiy a�vaa�a�c iasarssue Pstsnfum.un!!'!s�+Rawer paid the entire morty�e insurance premium when this - ,
<br /> {.� :' -, •` Secudty Instrument was sdgned: +lkr.�.
<br /> �'�:'`''�� ' ��CONQ.to any�ua.aFecial assasments,leauhold parmenls or Qround rents,and tirc,0ood w►d other hazard ineurance
<br /> ����..�:
<br /> ,1'�t�;7t,` . premiums.�s reQuired: .
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<br /> � , � Tj3lBp,to interat due under the Note; � . , . , � ;�,tir;
<br /> , ',t' ���6�"� U T ,to amorciration of the principl]ot the Note, � �;_.�_
<br /> • •`.'; '� , ,E,:,.. F�j.tp latecliuga due under the Note. ,� �,��•.�;:~ ,. �'. �
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<br /> : ,,;;,,•;' � .. �.FIIl�E�p01I pd MMRP Y11OId IWIf�Cl.Bonower shail iaeurc al�Imptuvements on the Property,whether now in enistence � .. . ,�, ,
<br /> •��•'�' ' � or subsequently erected,s8aiest anY hazerds,casualties,artd contingencles,Including fire,for which Lender requira insucance.
<br /> �.��t;�,;,r,: This tnsurance shall be maintalned in the amounts and for the periafa th�t Lender requires.Bortower shall alsu insure all
<br /> ����, ', , ' „•S r��:• .�!t:•. improvemeats on t!x Property.whether now in acistence or:ubs�equer��ly erected.Aeainet loss by floeds t o the eatent required by � ,
<br /> } the Secretuy. .1U insurance shall be carrled with companfes approvec9 by Lender.The insurance policizs and anY renewals shall
<br /> ;,; :S f`ic''��'i?',:,: �
<br /> ' � t'• • ''�� • be held by�.ander pnd sh�ll include loss payable clauses in favor of. and In a form accept�ble to,Ler�d:r.
<br /> � �,a f'�.•���� , In the event of loss,Borrower shall Qive Lender immediau notice by mall.Lender may make proaf of loss if not made prompt- ,. +
<br /> , ..c :,1,,. .
<br /> ly by Borrower.Each insurance company conarned is hereby authori o�fdth insurance proceeds may t�applled by Lendter,�at its �
<br /> Lender,instead of to Bortower and to Lender joindy.Al7 ot uny put ' `'!�r:
<br /> option,etther (a) to the reduction of the indebtedneu undeT tht l�iote and thia Security lnstrurr.enl, first to anY delinquent .�
<br /> amounts applied in Ihe order ln Paragraph 3,and then to prepayrr.en�at princiPal.or(b)to the restontion or repair of the �� ��•.�•�
<br /> damaQed property.Any application of the proceals to tht principaJ sria�1 not eutend or postpone the due date af the monthly „
<br /> payments which are referred to in Paraaraph 2,or change the amount of such payments.Any ezcess insurance proceeds over an
<br /> tt amount required to pay all oucstanding indebtedness undtr the Note ond this Security Instrument shall be peid to the entity IeQal- , ..;•.
<br /> ly entiUed therelo. �
<br /> �"'�'• • In the event of toreclosure of this Security Instrumenc or other transfer of tiNe to the Property that extinguisha the im 1� . �,
<br /> -:'�,., , debtednas.aU d¢bt, title ond interest of Borcower in and to insurance poUcia in force shall pass to the purchoser. �,� �;
<br /> , iti:•,
<br /> � s, praen�tlo� wd h1�l�te�wce of 16e Properq'. Laieboldi. Borcower shall nnt commit waste or datroy,demage or . •
<br /> f,����� substantiollY ciun�e the Propeny or allow the Proper�y to dete�iorate,reasonable u�e�u:and tear excepted. Lnnder may inspect
<br /> `�`�+` the property if the property is vacant or abandoned or t�he loan is in detault.I.ender:r.ay�a�e reasonable action:�r y�r�zect and ;`
<br /> preserve such vacant or abandoned property.If thfs Security Instrument is on a leasehold,Borrower shnll comply with t�e provi- .
<br /> �i "` � aions of the leau. tf Borrower ncquires fee tnle to the Property,the lauehold and fa title shall not be mer�e�unless Lender
<br /> '' . ti ',;;�� agrces to the merger in wdtlnQ.
<br /> .'1 i',r`::+ 1
<br /> � , .,' ��� 6.C6u�a to Bortuwe�ud Prolecdoo of Leader'a Wghu in the PropeetY•8onower shall pay all governmental or municipa)
<br /> tRarges,fines and Im�eositions that are not included i:�Pn:agraph 2. Borrower shall pay thae obligations on time ditect]y�o the
<br /> .�� � ,.,.�,:;��'. entity w5�:ch. i�oN+ed YY.e pa!rment.If Paflure to pay wcti]d ndveruly affect Lender's interest in�he Property,upon Lender's re-
<br /> ,r"• . quat iiosr c+we��hal! FrempUy furnish to Lender receiC�ss e�idendng these paymrnts.
<br /> ' , . � If Bon�wer Pais�o make these paymenis or�he paymcnts required't�N 6'.ar�Braph 2,or fails to perform any other covenants artd
<br /> �' � �' i 5� '� agreemen:s san�aiaec3 In this Security Instrument,or thecm is a Ie�u �rc�.�eding U�t may significandY afkct Lender's rights;�
<br /> � the Propeny(suc��*a��oceeding in bankruptcy,for c.rr.demna�ion or to enforce Cavn or regulations),then Lender tr.:�ti do a��
<br /> , �� ' pay whatever is nae�var�::pro�ect the v�lue of the wrr.�erty aad Lender's righas drr.:h=Propeny,including R�Ymenc�'naees.
<br /> • ha�ard insurance ane►ue;:mr items mencconed in Puagnph 2.
<br /> .. _��"c,,.,..e d�b..e n,.r.nur�r and he��etred bY thts
<br /> � Any amounts disbursed by lenda uRder tn�s raragrapn snuii i,cc�;���e a��o..........._.--...--.--••- -
<br /> �� Sec�rty Irtsirument. Theu amaartrs 31ia�t bear interest trom the date of dfsbursemene,at ttv tiore rate,and at the option o�
<br /> � Lender.slui!be smm�ediatcly due ar�payable.
<br /> 7,Cp�/e�dw�,.T!►e proceeds uf any aMard or claim for damoga,dirat or eonsequential,m�onnecnon with any condem-
<br /> natloe or orizer wJciu�aP any part of the Property.or for conveyonce in place of condemnalion,arc hereby assigned and shalt be
<br /> paid to Lrndcr to the extent of the full amount of the indebtedness that remalns unpaid under the Note and this Security Instru•
<br /> ment.L�nivar shall Apply such proceeds to the reduction of the indehtedness under the Note and�his Security Insttument,firs�tu
<br /> any delinquent nrnounts applied in lhe order proWded in Puagnph J,and then to prepayment of prineipal.Any applkation or _
<br /> the proceeds Io the ptincipal shall not extend or postpone the due date of the monthly payments, which are referred to in
<br /> Parograph 2.or ch�nge the amount of such payments.Any excess praeeds o�er an amount required to pay all omstanding in-
<br /> debtednas under the Note and this Security Instroment shall be paid to Ihe entity IcgallY entitled thereto.
<br />_ � f.Pea.Lender mny collect kes and charges authorized by the 5ecretary.
<br /> Pa�t?oj 1
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