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<br /> ` F�chnant6iyiracatU�it�f.ArttemsE�J.:(ir�,.and(cfshaltequaio�eitih:oftheamsua�amoums.asr,ezsonabtyatimated .: � - — _-_-
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<br /> `' � 'Eii�htlt aanual amount for eu�"itcnr shall6e accumWated by Lender within a period ead'irtg one month before an item vuonld �
<br /> i <<��7 .. ,�. .,. •j�e b��,�linqpntt.tsndes s6�If hoW th�amo�ats mlla�ted in tnut to pa�iians ta).lbl.and tc)6efore they beaameddinqnrn� - "'��_
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<br /> :`� , ='�''�`=�: �; :`'i�at an time the taat of the u hdd i.cnder far items a b and cy t lies wit6 tt►e iuture awn u 4, � �
<br /> tr';���'" .- :. .. : Y PaY� tri► ( ),t ): i , � t�l►DaY� .
<br /> `_=��;`-�:`` .°i;,:�..�." for su¢i�icems pari6k to Lenda prior to the due dates of sush itea�acoods by mone than onr-sixch thr atimated amovnt - -. .
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<br /> '� � �� .f::'i.�.�.�,,�: �of.psyments r�qnire0.to paY wch icems whrn du�and if paymenu on tAe Note ue�rrent,then Lsnder shall dtber ref�ct
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<br /> � . . : . theaceas o�a oc�su�th of theestimated payments or credit theacass uve�one-sixtb of t�6e eslimated payments to su�equent <�
<br /> -- — =--.`1==- W�tais byF Batcowtf.at tht ap�a ssf Be:ra�rer�If itsc t�al of.ib��sY�s�a�e by Bat�a�er fQr-it�n(a�tbt.ar tc)- � �-�->,.: -. : ---
<br /> . is insuifIde�t ta pag t�c item ri�dut.the�Boaower abaII pay to Leades aa�simooat a�ry to mafce.up the deffaenty � � w ,
<br /> - - ea oe bePacc ihe date tbc item 6oeames duG � , � � . � � u.;
<br /> �`��r. '`;��'��--:�. ,.��V As ustd ia this Secudc�instrummt,"Secretsry"means the_Secreta�ot Hoasing and Urban Development or his or her ` ` ` .
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<br /> , ., . _ � - � Qesip�ee.MoK Se�v�itg lnstru�eenta insured bg the Secrctary ue iniured uiiQer proarams whkh rsquirc advance�yment of' . . . ,
<br /> ����� ` , , :the enti�e mvrt�r insurarrct premiune.lf this Seturity Inst�t is a was ibsured under a progani which did noE require ' . - . '.. , _ .
<br />� . . ti � , • . dvaeoepaymeet ot the d�tire morty�irnur�e pren�ium.then aclt monthlYP�Y��shall also indude eitBer:(i�at►.6�talltnent
<br />, —.. _ -- -----__= af tbe snans!amrtp�e ias�u�aae premia�s ta b�yueid by f.ender tolhe Secrdar�►:m t��A�nntbIY chargs instratd oP�m�oct�e _. . � '` �,�`� , _-
<br /> , � . . . ' lnaur�nce prrmium it thf�Securitg Instrumm�t is hetd bY the Sectetsry.Each moathig instalfineot o8 tfic mortp=e insaraece ;r- . . . : .
<br /> . ;� ` . ...'•`` ,# Prtmium aM[i l�t in aa amount auffieknt ta accurtwtatt the fWl at�nual mortgt�e insurs�nir txemium wi�h�.endeF one month :- .
<br /> �"�,.:�..` .: �.., t prior ta 1be date the fulFannuat martyl�insurancepremiurt�u due to the 5esretu�.or if this Securlt�tnstnunen[is het� �
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<br /> .• � by tl�e Sacrehry,each montSC�c6arae sGali be in an amaont eqoaTta one-tvrelfth of o�fiatf paoa�t of tbe outstandin�principat
<br /> �� ` . . � bU�nce due oa tfle Notc. . . .... ..
<br /> . ` (f Barrowa tender�to Leader ihe full paYmmt of a1t�sums serure�6y this Security Instrument,Borrawer'a account at�all -;`
<br /> . - . . ..� be etedited.wttU.tlte 6alartce rdnaining t'oc a!1 iastalimmu far[tems ta),tb),and(c)and any martsage insurance praniu� 2. , ..
<br /> " instailmcnt that L.ender has not 6ecome obligated to pay to thc Secrctary.and L.ender shall pramptiy�efund any a�oess funds .. • ,. :
<br /> .. . . ' : � w Horrower.Immediately pr�or to a forectosare sala of the Prqxny or iu acquisition by Lender,Qorrower's aocount shal[ . ..-
<br /> = `'� -` -_` 6e crcdited witftatty hafa�trc ranairm�g�far altirtstalMscrtcs far items(a).tbl.and(c}. - . _ ._.,.. .__---.._..�,---4.-----
<br /> = 3 A�plk�tto�oi P�ts.Ali gaymants under paragraphs 1 and 2 shalt be applied by Lender as follaws: ! � � ' ' '�
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<br /> �... ..�.:� -;� . . �rst,to the mortgage insurance pran[um to bc paid by 4ertder to Ehe SaTeEary or ta t�e munthly eharge by the Secretary �=�•:-••.
<br /> instcad'af thc monthly martgage tnswaace prcmium,uniess Borrowcr paid the�ntire c�t�age insurance premium when this ,
<br /> :i;�.�, °�- Secaidty Instrument was stgna4. . �•�:�;�,_�. , �';:%; _ .
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<br /> .��. Second,to any ta�ces�spedal assessments,teasehold paymertts or grourtd rents,�Fa�;'��tood and other hazard i�,curance � . �;�:•::,,� .
<br /> ;ir�3' ` . premiums,as required; � ��;z%4 � .
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<br /> -. �;;;;:;r -. 'i7tird�to interast due under tha Nate; . ... ��_
<br /> � :;f„, -' Fourth.ta amartization of ti��rincipal oP the Note; . , . . . �r. • '
<br /> ;��,<;;,<" .. Fif[h,to tate charges due uci���.�e Note. . � . :�;;�::;, :
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<br /> �'`%t;';:`:. 4.FiaeQ Fiood s�d Ot�er Hai�e+�iasn�nce.Borrower sE�a�it insnre a!1 improvemeaC�.'csn thc Property,whether now in .�c��,.,., . �..
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<br /> . . existcr�t c�subsequently erected,aga¢n'st any hazards,casuaities,and contingencies.inct��iisg fire.for whicb l.endcr requires �,,-� •
<br /> • ���`�' f insnra�t.•This insurance shall be raxiii;ained in the amounEs�nd for thc periods that t��«cr reqaires. Borrawer shall atsa ;:,'���.. �.
<br /> %"�` insure a�im rovements on the Pta en ,w6ethcr now in exi�e�«e or subs ucnti erectc�;.^ inst loss b Iloods to the extent �s�':�;.':s� �
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<br /> �-� :.f,__ ,. ., �equire�fcy the Secretary.Al!insuca�shall br carried wit:�v�!�aspanies approved by l.e�er.The insurance policics and any ��-�-
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<br /> <F�;�,�� rcnawa➢s s�all be heid by L.ender aa�.r�$�all include toss paya6ie ctauscs in favor of.��.i�s,a form acc.eptablc to,Lender. �;�;,. .
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<br /> . �:;,�;«�,. In tt�e eyent ot tc�,Borrs�wPr s6a1t give Lender immediate notice bg'�a3��.Len�e�rliay make proof of loss if not made .
<br /> " �`� `���'''"A promptly by Borrmwe��ac2i i�r5ur,aa�ce company concerried is hereby auth�r�'anc�di��ed to make payment for such loss
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<br /> '-,'rf�:;-.:r;::�:;;� � directly ta�.ender;iasrea�'.vf r�:�oarer and to Lender jointty.Ap or,ariy.pari oY°t�e urrsurance procads may 6e applied : `.
<br /> • :`�:;:;:;;,'.;:'%�4, b Lendet,at it�e�ptiflt�,either 4a?�t�reduction ol the indebtedness under��e y�te�.n.+�tfiis Securit Instrumen�.first to '�
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<br /> ,,n,;;;j�' . any dallnquen�at»out�ts 8tppiied in the�csrder ln Paragraph 3.and then to�re'paymeao¢cr.�~.ar�ipat,or(b)to the satoration ' ' �
<br /> • ��:;'-•' � • or repair of the dam e� ro n Any application of thc rocceds to the nnci a1 sha���sai exCend o� ��`"�'��` '
<br /> .,•,,r. � D P� Y� P P� D postpone the due date , ,.�,•,,
<br /> . o!the montbly payments which are referred to in Paragraph 2,or cha»ge t�ie amount of sucfi�pfay�i�eaet,c.Any excess insurana �•i:;'> +.:�'�.;�"�
<br /> proceeds ovtr an amount required tb.pay aU oa�standing indobtedness unda ehe Note aQa�this Secudcy Instrument shall be `;"��"�� � � �
<br /> �-''`��' � paid b tfi�Eent�ty legally entitled 3�i�reto. , �?:�
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<br /> • ' �;-�t'����: In thc evcnt of foreclosure�6��is 5ecurity Instrument or�sther transfer of tit�e r�s'he Properly that•extinguishes the 1!;�;:��,
<br /> "' ' ��%���"�' indebtedness,all dght,tlde and�interest of 8onower in and to insurance policies in f�rce shaU pass to the purchaser. �"��' �
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<br /> �.,,:.�.,.�, 5.P n a e r va t ios a�d Ma l�te�nce o t t he P roperty.i.tase ho l As.Barrower s ha l l rt�ai�mmit waste or destroy,damage or ;�;'`:...
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<br /> , ,,��;.,�•; substantially change the Properc�mr a]tow the Propeny to deteriorate,rcasonable weac�scar excepted.l.ender may inspect
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<br /> ;;�.,..:.,..� the property if thc property ls va�r or abandoned or the loan is in defautt. Q.�rs��f r.;z�take rcasonable acUon to protect �,,;;;,
<br /> '° � . � and prescrva such vacant ar aba���r�property. IPthis Security Instrum��nsmn a Ceas�3rold. Borrawcr shall comply with �
<br /> the provlsians oP the(rase,if 8orr�wer acqulrc�fee titte to tho Aroperiy,ricet�?�x�1�J�s��ee titic shall not be merged unless
<br /> � l:�nder agrec.a to ttie mergcr ln wriling. ' �
<br /> � � � 6.i�t lo�orrower aad Profection ot i.enAer'g W�,Ufs i�t1M Property.Borrower sha�i pay all governmcnial os municipal �
<br /> � F chargcs,tinm and impositions that are not lncludcd in Paragraph Z.Borrower shuU pny thesc obligations on timc dircctly to ,
<br /> ► � . 4 the enNty which is owed the payment.If ta�iura to pay wonld advcrseiy aifecl Lendc�'s interest in the Property.upon l,ender's
<br />�� • . request 8orrowtr s1ta11 prompQy furnish to Lender recelpts evidencing these paymeats.
<br /> � ' It Borrawer failq to make these payments or�he p�yments required by paragraph 2.or fails to perform any other mvenants �
<br /> • � � and aareements contained in this Security Instrument.ar there is a tegal prnceeding that may slgnifiramfy aPiect Lender's rights •
<br /> � . ' In the Property(such tts a proceedtng in 6ankruptcy.for condemna�ion or to eaforce laws or regulations).Ihen�ender muy �
<br /> � ; do and pgy whatevCr is necessary to protect the valur of'ttie Property and Lender's rlghts in the Property,includi»g paymrnt
<br /> .. - � - ai?�axes,hazard insurance and other items mentioneJ in 1�nragraph Z.
<br /> ' My amounts disbursed,by Leader under t2�fs P�ragraph shail become an ndditeonal deht of gorrowcr and be secuted
<br /> � by this Security lnstrumeni.Thesr z3nuuats shall.bear�nteresc from the dnte of disb�rsement,at the Note rate.�aad-at the
<br /> � � option of 6,ender,shall br immeQiat�3y due and payabte. •
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<br /> � �� � 7.CoNt��uNio�.'ihe`prac�a�s ot any award or claim'for dama�es,�*ept�r c�nsequenNal.1n connection with any
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<br /> �: -.. . . _� eondemnallon or�ti�ccr takin�v?�.a��art af the PrgpertY..oc!ar uss�vey�:�.et i:��'�eondemnatios.ere hereby sss}��e�- - _ _-..._ .._ .____:. _._ . _
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<br /> Y� ��'� `�� and shall be paid to I.ender m the e�ctent ot the full amdunt mf the indebtedaess that r�ins unpald unQer the Note and this
<br /> Securityinstrusnent.Lender shali�pply such prqceeds tu thp feduct#on oi the indebtrdness under the Nate and this 5ecutiry �
<br /> lastrumanl,tirst to any deNnquenl amounts applied in the ardpr provided in Paragaph 3.and then to prepayment of priacipal.
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