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<br /> -- �-� � 1. �aq aI PN�dpN.lnletat and I.ate CM�r�e. Batrower slWl pay wben due the pr6�cip�1 of.and i�uerest an.
<br /> !!ee ds4ss�l�.R^e�!;��!�!ntr and latc ch�clur iutdrr the kc�. �
<br /> 1. MoMwiy p�ywe�ts d 7k�tes,lnwrance�ad OtM[r Cb�e'�e�. Bo�rower ahall include in ach mo�thlY P�Y�M• �:G.
<br /> ; .�:,.'��-' " . ta�ql�a wilh the p�incipd u�d intcrest��et fanh in�ho Note anr�n lue clwrges.an insallatent of my lU tues and �_
<br /> :;;:.; x�,:.�;�::,,��,. specW��bvied or a be tevk+d•gains��ha PropenY.�e��e�wia�y�«�a�,w��ne woany.and —=
<br /> � �: (c)p r e m iumr tcx incunuke r o quirod b y Pua g�a p fi 4. �
<br /> � . , F.�ch monUdy incwllment for items (A1.(bi and lc)shall equal ane•twcllih of thc annuai amoun�s. n rcasonaMy --°-
<br /> r : ,�.. : •• • at�n�oed by Laber. pI�s �n amaunt cuflickm to maint�in �n sdditional bnl�nce af�at mo�e ilw�aoe•�x�h of �he
<br /> 'n��--= � "'.`'�`',-""`•"'°'`'''4'. atirtuted wnaunts. Th e(WI annual amowtt for ench item shall be accumulated by Lender wiihin a period ending one �'".
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<br /> . . . .R ::;• mo�Mh befae�n item wadd 6ecane deli�queet. Lender shwll hold tha amountc colkcted'm uuc�to p�y iterns(a).lb1�nd
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<br /> .. �� . lc)befas tbey become delinquan. 4-
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<br /> _ ~;�',�� ,��.��;�. 1��t any timo iha tou�l of the paymems held by Lender for items(a1.lbl und(cl.�ogether witb the futurc monthly �T-•
<br /> ��-i:,i�: �''• " paymema for such items paywble to Ixnder prior to the dua datea of such items.exceeds by rnorc thon ane-sixih �he -
<br /> '":'�°�` 'S • :: � estiauued amount oi paymentc rcquircd topay wch itema when due.w�d if p�yments an�he Naoe ame cumen�,�hen Lender °'�,�.
<br /> a--''_����� .��,;,`,.;,`•'�_:1 i stWl eitber r�efund�he exoess ovc�a�e•siath of the cslimatod payme�ts or crcdi�the ezcess over or�e-sixth of ihe estimatai .,f
<br /> __�-__ :,s:,,,;:,::-_"•.� � paymente to subsequent payma�ts by 4k►newer.u�he aption of Bamower. If the total of�hr praya�ens ia�dc Ey Bomowcr `�
<br /> � ;�;c,i�k��'� for item(a).(b).or(c)is insuflicient to pay�he item whe�due,theo Nomuwer shall pay w laoder aw}urca�uu necessary to •.���
<br /> �;:;' . ,.:__ • m�ice up the deficiency on or betorc�hc dua thc item becomes due.
<br />-'s� ""',.:- � -. . As used in this Secudt�Insuumem."Secretary"menns the Secretary of Housing and�ldba�e De�etm�nem or lus or her
<br /> _��p' .==':.;;'%� daci� In any year in wh�ch�he Lender must pay A mortgage insurance prcmium�o the 5ec�netun•,eoc3�morrhly paycnem ,.
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<br /> ,. . � !.i�.,.;�`�t� shd also includa eilher. (i)an installment of the annual matgage insurance prcmir�.vn a� t+e paid by l.endcv ta �he
<br />_ _ '�'• ' Sacretary.or(ii)a moothly charge instead of a mortgage insu�ance premium if Uiis Seeuret}I�stru��n� is he{d by the
<br /> �'�'; .� '' .� ' � Sa�netuy. Fach monthly instellmeot of the mortgage inwrance prcmium shall be in on amount saii�iema ta accumulate�hr
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<br /> _ '��`- full annwl moit�iage insaranee p�emium wllh l.endu one momh prior to ihe date �he full �muu0 r�norteg�te insu�ance •- '',;
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<br /> •, �r,y , , premium is due to the Secrcuuy;ar lf this Security I�sdument is held by the Secretary.esich modhlg cf+arge slwll be�n an
<br /> .;��', �{� �f:rt' �uncwnt equal to one-twelflh af one•half pencent of the outstanding principal Iwlonce due on the Nate. er`
<br /> #�• ' '�' If Bomower tenders to l.ender the full payment of all sums secured by ihis Security Instnunent,Bortower�s ac��o�mt r=.
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<br />: �ity�. • .��' „�M": shall be credited wi�h t)x balance rcrtwining far all installmeots for item� (a).(b)and l�► �d anp mortgage insurnnce _
<br /> '`4�• �r.�... • premium installment that L.ender has na become obligated to pay to the Secretary.and Lender shali p�+nmptly rcfwd any • '
<br /> �'`';• •+� '����' excess funds to Barrower. Immediately prior to a foreclacur�e snle of the Pru��emrr ar iaa acquisitiora b}•Q.tnder.Bortower�s
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<br /> �.c.. , x .. aaau�t shall be crcdked wilh any balance remaining for all instnllments for ite�.c'la).lfil un0(c). ��
<br /> � � " 3. Ap, hoa oi'Phymenta All peyments under Perugraphs i and 2 shu71 l�e ap�iied by Lmderas follows: -
<br /> " ,`a`:��;�:�;�4�"���' :s,�T to the mortgage insurance premium to be paid by l.ender to the Serreiar�o;�o ih•e mon�hly charge by the ��r�
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<br /> o Sccre mstead of the monihly mortgage insurnnce premium; -
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<br />- '�'+�E�'�•+�.c'�� �.a any taaes,special asscssments,leasehold payments ar grou�d reMs,and ime.flood aadt whcr iuv.wd
<br /> • • ,�-�� •�;�: insurance prcmiums,a.grcq uircd• .t� Y
<br /> _ .;:�, •`ji, :.J ''`;����'� �Q�to interest due under the Note; �l�
<br /> r��:`- _ e , r -- �• ���.to amonization of the principni of the Nwe: �,;
<br /> �' N ` �'':t',`r �,w late churges due under the Nate. �I- �
<br /> a" �'�-�,�'rFF '' q. Flre,6'laod and O/her Nazp�d I�surance. Bormw•e;:nall insure ull impro�-enr.ent.an�he Pro�ra}r.µ�utt��.cuw ,�
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<br /> a�-;`'�t in eaistrnce or subsequenUy erected,against any ha�.urds,caaualties,und cantingencie�, �ncluding fue, �Far afiich lxnder -
<br /> �t h y requircs insurance. This insurunce shall be maintained in the amoums and�FaM�rx�aeri�cl�ihat Lertder�r�.unles. Bomower -
<br /> ��u�'��• , shall also msure all im rove�nents on the r.},whether now m existence or,u�se uen7] �erectecl,a �u:�st loss b floods
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<br /> , ,� ��n5�A�,, to the extent�quired by 1he Secretary. All im�urance shall be curried with com�aniey upprovedl h}� LencJer. 71�e insurance
<br /> �'? ' ;}r.�' ���',,� policies and any renewnls �hull be held by Lender and shall include lo�s p�yabl� clnuse� i�o favot oi and in o form �_`
<br /> ` ' � ?�.'�� � • ��n�'''+""' acceptable to,Lender.
<br /> #' ' s .. � . :%� . '�''�� In the evam of loss,Barox•er sFwll gi�e l.ender immedinte notice by muil. l.ender may make�+r�rof of loss if not �`-.-
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<br /> �• „�t made promptly by Horrowcr. Each insuranec cumpuny eoneemed is hereby uuthorired nnd dimcted eo en�lce payment for
<br /> %'�•+'��``'''ry'i�l,i�` such loss direcd to Lende�,instead of to gorroaer nnd to Le.nder oind All or an �+rt of tfie insuran+:�e ceds ma be :=
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<br />,:�3��y, � � ":��.t��'v''�� '1't�r'��?�t�,• epplled by Lender,at its option,eit�her(a)to the reduclion of the indebtedness under�he Nnte and lhis Secunty Instrument. �
<br /> ' �� "•�'� "�� �� �rst to an y deli n quent amaunt� a p plied in the order in Paragrs�p h 3,ucd then to pre pa yra�ent of princi p al.or(al t�o ttrz
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<br /> --- ���•�t.;�;i►1�,;�::+,^ �= resrorA�ion or re air of the dama�e�i t hy. Ao n h�uli�n n�ihe roceeds to the nnci a!shull not extend or ��r.e =_
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<br /> . �'��;�;�, �� the due date of the monthly paymemw which are referted tn i»FaroFruph 2,nr chs�nge thr umount Qf such paymen�c. Any .�..
<br /> "�. ;�':;'_3:;'.' ���.:�'��;'�ia�� excess insurance proceede over an umouns�ec��afined to pay all cwt.tunding indebtrdnesy under the Nate and this Sxurity =�=
<br /> iI � .� . ': ��•,,�; Instrument shall be paid to the emit��legatl��nti^.�ed themto.
<br /> • .'�}:`�'SY;•`� In the event of foreclosure o�this Se�:urny lnswment or ahcr�rumfcr uf titic ta the Property thas e�dnguishes the
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<br />_ ., ,;w••�a,;.�,;;, ,�. ,. indebtedness,nll right,title anJ Imterest of Borcower in and to imurunce policies in furcr shali paxs t•u tiiee purcheser.
<br /> �-;, � t+��-���- � S. Occupancy� Preserveidun, Maintenance and Protection of Ihe Prope�t�; �rower's Loan Applicatia�: -
<br /> -�..;,,. .. .r�'�,'.•������. ' , I.easeholde. Borrower shull ocrupy. cstablish.und use thc Property us Bom�wer;��inripal residence within sixly days
<br />':��.�.,};,;; f�"i�;+'�•_-' � . aher the eaecution c�i'this Security Instrument nnd shnll continue to occupc the Pmper�y».�Borrow•er's principal residence
<br />''�'�f%y,�� "•E ��•r=;• for at least one year a61er the dute of occupancy,unless the Secretuty det�m�iaes Ihir:mquirtmem will cause undue h�dship
<br />'!;��y��• � . R ' ; for Borrower, or ufaRess eatenuuting circurrislances exizt wfiich at+e b�yonc7 Borro�cer's control. 0orrrnver a�hAID nntif}•
<br />�,�; ' ' - � l..erd�n of any extenuntin�t circumstunces. Bortower+ha0� not commit w•r..�e or de.�ro�,Jamuge or au8+stamiaEU�• chanee
<br /> f� �`.�• f�� �+� a.' ` 't�:e R+nperty or nllow the Propeny to deteriorate,reationahle�.�ar and�eur excepted. Lrndcr muy in�pect �hr Pro�+enx it'ihe ,,•
<br /> , ��• . .,•. �a�rty�s vacunt or abandoned or the lo:u�ix in default. Lc�nder may takc rca�onablc urtiun to protect and prccen� �::ch '
<br /> .° 1° �� vacant or abandoned Praperty. Borc�iwer tiha9M alw 1►r in default if Bnnower,durin� the luan ap�+liccitinn prace+x,Fuve
<br />_ -. _ _ �:_�.___,_��.:•:.s materially fal.r•e or inaccurate inWrmu�ion or vtutemen�. a� Lender (or faileJ ro providr Lerc.'.rr �.•iti� any mnterial
<br />`�� � informationl in connection with the Iwn e�•ialenceJ by the N��te, inrluding, bu�not lirnitrd to, rcprc.errtatinn+cun��eming
<br /> 'v-` '� ' . � Bomower�occup;u�cy of the Pro,�ecty a�a Princip:d re+idcnrr. It'thi.Sccunty In.trument i+��n u Ica.eh��ld.Bormwer xhull
<br /> .. .� � � • comp�y with the provitiionx o(thc lea,x. lf Barnuwer ucyuirc,fec litlr to Ih�Pro�xn�. thr i�a+elu►IJ und tiee title shaai not ..
<br /> • �� be mcrged unles+Lender•rgme.t,t:+ze mcrgcr in writing.
<br /> � • 6. Clwr�eg tn Borrower and Protertion of Lender's Ri�htx in the 1'roperto. Hom�acr shall pa}:i1� grn•�mmental
<br /> ' � �_r � ' or munlcipal cirarges.�ncs :uxl impositionti�hat are no1 inrlwkd in Paracr.�ph'. I3vrrn�ccr rhu11�.�}v]i�w nt�Ggalinr.ti nn �
<br /> ��'.'.��;,�,,,. ,•� •. �' time directly t��f�e entity which is owed the paymrnt. If failun iu pa. wr,:;d a�l�ersel}• aff�ct Ler..lzr'� imem.t in ahe
<br /> �,'�• ',: � � • . �Irop��y,upon Lender's reyue��BcxroNer�h•rll prompUy fumi.h���LrnJrr rrrripts c�•�d�rr.cing the,r pa.•n:en•tti
<br /> �'°'�� � Ut'Borrower failx to m�e t�:�e,e r mcmti or �he r mrm. re uircJ b Para r� V� ?.rr fail. tn r6rorm fam .�i!ter
<br /> .,�•,• S• , • p'Y P�} 4 Y €��' � . �
<br /> ' • � r�9+e:�ants and ugreement+contained in�hi.Securiiy Im�rumru�,ur thcn i+u Icgul pra:�zS�ag tha� ma� �:�enifi.•:�r�r,l� :e�.'ert
<br /> e�' , -,+,�,�,,, Lenders rights in the Propcny I,urh a.a pnxeeJinE in bunkruptr�.for condrmnu�ion or to cnforre iau.�t rcgu�n�i.m,1.
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<br /> ---- ��� --i� cnen i.ender mc+y ao ana pay wna�ever i�neres,nry►o pnner��ne vaiue ai�nr��mpeny and i.ender:nLnc.in me rropeny. ;
<br />. „ - �� �^ , including paymenl ai In�e+,h�sard imuranre;u�J uthrr itrm�mrnlioneJ in Paragruph=.
<br /> Any umounls ditibuned by Lender under thi�Puru�;raph.hall Fx�c��mr un adJitiunrl�kM�►f Born+v�er and br+erurcd
<br /> �°� ' " by this Security Inswment. '1'he+r umounts�hall l+cur mlem.t 1'mm thr dute of J�Rlwr.emem,at Ib�e Note rrte.and•rt the
<br /> • , option of Lender.�hall be immed�ately due•rnd p•r�•able. ��
<br /> " • � 7. Condeaw�tion. The pmceed+of�ny•c�ward��r claim for J��mage�.direct�►r c�x�.ryaenhal.m crnnech�m with any
<br /> . , � � � ` • ca�ulemnation or aher telcin of:ut n uf Ihe F'm n ur tiir rom-c u�r m Ixe of cor�mmuun..�v+e hrre a+.i ned
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<br /> , , , and shall be padd tu Lcndcr to the cx�em of�hc t'ull amuun�of�hr indrht��-dn�:.��ha�rem�im unpriJ urnirer�hc\ote ud thi.
<br /> � ; . . .. Security Inurument. Lender,hull�pply,urh pnKrrJ+tu�hr rcdurdon af�hr mdehucJnr..under i6e�utr and thi.Seranty '
<br /> .` :�''.• Insaument, fint to any delinyuent umiiunt, upplied in the unler providcd in P,ua�rap�► z. �nd then w �rcp.e�.�zne ot
<br /> i • °' '< • i M a h�ation of the raee�l.to the nci ul .hull nut rxrend or �t ne �hc Jue Jute ot'�he �omhl
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