|
—'lTSS'.,cC.�r�sv".nr�r�-.�f^ k.�}'-`"1-� T,,�--��•.� _�1ijG+ �, YH 1 f -a II jn.'; " Y� ' . �j. .....
<br /> ....i.. �.•. f l� Y . > l � ' ,.+- li ( _S'
<br /> . , .
<br /> - ) �1 I r. ,�+ . � �..•�. �+1a�.1�'i
<br /> 1. J(�l�r� �Pf���_'S f.'a '�ty�� � ��i � ' . .yti�li.�...2' ..
<br /> l,.s�c��;' •)�-e,f . ; �,1�ldjJl��i���79 ��,+�� ��1I��;4ns��.,'.,t.. }id�r►ancr;'7i�' ���(� . - ..... ----- ---- �� . ... ... - ---
<br /> ti!{ .��+ ,+1�< �.,Sy' ��4�
<br /> �.; � :���''�;,i :.:_�y. 9 ,,,,, �o1�3b
<br />-._..s�:: ���, 1
<br /> Eaoh manthly in�tallment for homs(a)�(b)�aad(c)shatl equst one-twettth of the annual amourts�as r�nabiy atimated
<br /> by i.eader�piva ao amauot�uttiatent to maintair an addttianai balance of not moro thaa one•sixth ot the eatimated amaunt�.
<br /> --_—_---_ 1'he fuU annuat amount�ar eacb item sh�fl be n s aollected lnytru�t�to pay itema(a)bl��O�fore they rbecame del nqu nit�. =_-�-!�----�-- ._
<br /> bccame dellnquent.Leader�Italt hold the an�o ,r,c:��:�;;-�,�
<br />� _ .r., ,. .�
<br /> ltat any tGne the total of tho payments hotd by l.ettd�for items(a).(b).and(a)�tag�ther with the futuro manehly paymcnta ,y;.,�..;�.,;�--��
<br /> _����: for sueh ttmns payable to l.ender p�or to the due datea of auah items�exaeeds by ma�e tl�an anaaixth tho esttmated amount ��� -
<br /> of paymenta required to pay suoh items when due.and it paymentd on the Nate are aunont,then i.ender ahali either reNnd «,< <,�.,,n �,�yi�
<br /> `— '""' the exoesa ove�one•aixth of tho estimated payments or eredit the exaeas ove�ane•aixth af the eatimated paymeats to aubsequent « , �� �,f�� ,Y�y��?1
<br /> �� ents by Bonowar,at the opttoa of Haaaower. If the totai of the payments made by Aa�ower[a:item(p)�(b)+ or(c) �,�;�;���r�.Y�g?�5�� �.'
<br />�r��� p� PsYm
<br />`"`=�,,,�;F-�- ia bas,ufficlenc to paY the iten►wb�e�a d�ze.altr�n�currower ahal{paY ta�+�'�b�O�nt neaessary to make up thc daficlency ����a��;------------_-
<br />�� � . '3 on'+i��+atoce the date th��ezn becoa�ea due. . . '�'�'�:�-���:-T==°.,,
<br /> 11"+��';Y.,'.'��r`1'vf�'3 ``. . d,;,�- �-v{..__�u.�n�_:�_.
<br /> � �y�fft•., � �.��.•�t�. ���••��p,�.F"�a�s the Secreta�r.of Moueing and U�ban Aevelopraent aT hls ac her � �!�!�"�� , :
<br />"�,��;ft��;°' ' � � ,�����r�m;nyu�d b��•eb,��tary a�e insurcd u�ier,programs whiah requi�e adv�nGC paYmont of . t����K1iY,���,«�;.
<br /> I�nTS'F' .' : � �l F i�{�,I 4�t �1
<br />�����,� • � th��e�ari e i�rt�age ins�tatrce•pr�ntiam,lf thEs S�curitY Instriimeat Is or was inaured urtdor a program w h i c h d i d•n o t'rep u i r o ,�„� , ., �t� y�, .,.
<br /> ent ahati alao inoiudo oittwr:(i)ao inat�liment � h t , ,,
<br /> a'�t���, �`a`�;�r �:. advance pay�n�nt at the entiro morcgaBe i�suranoe premtum.then eaah monthlY PaSnn � ��S 1�•� ��f�� r
<br /> �'�2`r r�4,,,;;;?� of�dre annusl mort8a8e inearanae premium to be paid by Lender to the Seacetary,or(ii)a manthiy oharge inaead af a mariSaqe ��! �,;�����r���,� �
<br /> � ;;;'�.:r"`::�`�:ti-�;;�;`� tnsurance premium if tMa Saaudty Inst�ument is heid by the Seacetsry.8aah monthiy instaliment oi the marlgage inauraaoe �, r���=7'; g;� '�',:
<br /> �� t,�{ h�.rt=..�;,. �� ..ih.. �,.:..';.
<br />=':.':i;;:i r:�-.l.i'?l: .. ..
<br /> ,,,;, ,,�,.;,�r p�omium ahalt be in an amount auffialant to aaaumulate the fup annuai martgage insurance premium wiefi L,endor one ntonth :��?+�,;�-•� .' ,,,;�,,; , ,
<br /> �,�I'`'��S'��}".;�''a�,;� ��or to the date t�he m�o�n bl�ee shall be Mran amount Wuai to one�tw le nh of one haif ipareont o�tiha o t�anding pdmipa ' � j` { ��� �
<br /> t _ ,� taf,. li�r Lh0 SOC�6t�tY► r h •. ,
<br /> ����la!�',i i�5� i���� ��p due oa the Note. `�'t� �*�1 b'�
<br /> � � � --.,r .A,q `,
<br /> °��'"��'��'�:;.::�'n� i P�o w a r t e a d o re t o t.e n d e�t h a f W l p aym o n t o f a l t s u m a u e c u r e d b y thls Se�u�it y lnatrunront�9orrower's account ehalt ' � k' �°'� f
<br /> tl. ,,,�.,, a,,,,..,.
<br /> � °���� °• '� be credited with the belenca romaining tor atl inatalimente iar itema(a►. {b)� and(c)and any mortgage lnaurance prem tum ����``'��:�?� „�'���;,
<br /> � n� ;; ,' �'�;'� i n e t a l i m e nt tbat Londer ha�oot beeome obligatad to paY to the Sacreta�y�and�ander ahall promptly��o w e�'sy�a e c o u n t h�{l �' :"�`,'�
<br /> �g� to 8orrower, immediatety p�ior to a forealosure sale o f t he Proporty or I te a c q u i a i d o n b y I.e n d e r. � `''`�� �� � -
<br /> ��p� f��°ri:��jc�"'�����;�, bo credited wlth eny balaaoa nma{niog for alt instalimente for itoms(a).lb).and(c). ;;�'';'` �'�.;,�N���`i'-�=''
<br /> ' ' +H h..i��} f��t'�t� �
<br /> � '�'i�t{t{ii 1� n � � �
<br /> .��-.!N�II!�1{� � ' 1t �.�+�i..�'1;�'•-..t.., ....
<br /> y���tr!.�.;_� :,'�'.:.�:�" 3. Appiic�doa ot Pa�nneats.All paym@nts under pacagraphs 1 and 2 ahall be appiled by Lende�as followa: r ` . ``„��.,�.,,.,,,,.`�
<br />��+�.;; �.• ,. � � �� FIre��to the mortgagelneurance premium to be paid by Lender to the Seeretary or to the montbiy ahargo by the Soa�otary ,,;,, ;,;�,, :,.,;,,...
<br /> ' � ���� ' , instoad of the monthty�nongaBe insurance premium.unleas Bonower paid the anNre mortgage insurance premium wben thia � �•}. ��.,�,�E,.;;�.�;:.`f;'
<br /> � ' � �
<br /> .�� , ;,;� � ;' Secudty Instrwaent was siened: : '��` j;�. °'�
<br /> _ -- Seco d.to asiy taxes,e�esial assesemea�s•ieasrho�d paYments or ground rente.and t9re�ttood and other hazard ineurance _ � �+1�r�;�� .
<br /> � -. f � u1118�AS iCQllirCdi o " ° �'>� _
<br /> ' '�"� ,5 ,.: �. to interest 3ue under the Note: ' C��:i,, ,-
<br /> .;,�'.'..,;� , .`�;., rt .ta amortixatbn oi the prtncipa!of the�Note: !�:. .� ,��4 . ..r��'Rv
<br /> ,,. �
<br /> ��;�;:.. � ::, . i h��o late chatgee due uader the Note. � ` ;°�. :,�,"`+ -
<br /> � ,;, ,;. . n ��;t',-
<br /> :ty�.,.,:r..'!. �..�:• q. Fire,ptood�uud Otber Nwa�rA lasu�nce. Bo�rower shait insute afi improvemems oa the P�operiy,whether now in ' '�. " �;:5'=..�
<br /> vl�...1'.. •'..,,`p. .
<br /> ����?.�:s�'�,.. ;• • e x i s t e n e e or su b s e quentl y erected,against any hazards,casuaitles.and contingenciea.including fire�tor which L.ender requiroa � �,,,•.l.,...�,• ;d;•. :;:�,-
<br /> ��`" ` !�'"� insurame.This insurance ahslt be maintai�ed in the amnunts an d for t he pe r i o d s t h a t L e n d e r r e q u i r e s.R o r r o w e r a h a l l a l s o � � .. «=.;t ,,;.;;=
<br /> ;�,i.., ,. ��f .
<br /> ' lnsure ali tmprovemeets on the Propeny,w8�ether now in existence or subsequentiy erected.against loas by tioods to the extent :�,?���,��i��,',�4��;�<<��
<br /> ;,�;:�.,z�. :,�� ��.,,;��,�i;._
<br />�='4;�,}'�;-,;`'.�::.�l��i: � re uhed by che Secretary.Att Msurance shail be carrigd with companiea apProved by Lender.The insurance palkies and anY , 1,;�:: :. !,,..;
<br /> ���"` �� �'����'l��l�� renewals ehall be held by i.ender and ahall lnclude7asa payable ctauees in favor of.and in a form acceptable to�Leader. ;�, .;:;,;�:�,;.�-� ;,�): ,;,.,�
<br />..,��i���',�'��''�':..'�•I:l���1 . ..P� �''...�.��.��!
<br /> ( 5�.:, '..
<br /> ' � �'����• In�the event of 1osa�Borrowec shatl give Lender lmmedlate notice by mail.Lender may make proot at losa if not made ..,,�a�,,�,,. • : , ���:�..�;;.:��:
<br /> , '` ;i ;,,r..t� ���. �,, ,,.;
<br /> .r prompily by 8orrower.Bach Ineurance company cancemed ia hereby authodrxd and dtrected to n�eke payment tor�sach loas � � �
<br /> ;1���,e'•� � �"��'� � directty to,l,ender�instead of to Borrowe�and to i.ender Jaimiy.Ali or any part of the inaucance proceeds may.be applied r; •,. �tyt�tii���
<br />.•�.l.,t•�.�.' ���'a�Q:ti� � � .::'i{���'1'('�:•.
<br /> >;"�c��•� � '' ��{;r� by t.�ndqr� ac fts option�efther(a)to the reduetion of the�)ndelitednesa under the Note and thia Security�Inatrument,•tirat to t',�..,;�.-: ' �, ,
<br /> :���..y.,�.,_�:.:,�r.,.���� ,}.��. .,
<br /> ";�;����, �,�:�� ; any deiiaquent amounta applied in the order ln Pacagraph 3,and then to prepayment of principal,or(b)to the rostoratian ���,���r•.���,,,.z�+,�,��{',,y�,,i
<br /> ,?'�,,;.., ,���r trF��,
<br /> � ��°•� ��.` %• �• or repair of che demaSed property.Any appNcadoa o f t he proc e e ds to t he p r inci p a l s h a il not extend or p ost p one che due date {f��;,ii�•r', S;r;���
<br />��Y,;,A`+, , ,,. .,, �'�°>+' r>'i��V�„tn,i..!�r:;,'
<br /> � st.: ! = of the monthiy payments which are referred to!n Parag�aph 2�or change the amount of such payments.Any exceas tnsurance ����;��,�,�,�,�+ ����� ;
<br /> _E;1�'�� t� ;J�`� proceeds over an amount required to pay all outatanding indebtedness under the Note end this 5ecurity Ynatrument shail be ��y;�,},
<br /> i;��;>•; �:. �. 1
<br /> :,�, ,_; ; , ,t } paid to the endty tegalty entitled thereto. '` ,� . • � .',������
<br /> ;�':"�����;�..;.. .�. , �,�• �r;,,:
<br /> ' j� i n t h e e v e n t o f f u r e c i a s u r e o f t h i�S e c w f t y lnstrument or other transfer of tltle to the Property that extinguishes the � ,,.:`?�`•�•
<br /> ,,.i�t :fi� � ��,': ;�..
<br /> �:..;;i•�,�?5� indebtedneas�a11 right� thk and i»terest of Borrower in and to insurence poltcies in force s h a l t pass to t he purc heser. ,;��� ,.�. •.;-L .. �,�..
<br /> 'i};����``,.`i4' ;!�'� Z.r , 5 . ". . . . ��
<br /> • ,,�.��fl �, ,�-:.� 5.Preaewatioa and Maintenance ot the Propeny�I eASedoids. Borrower ehal!not commit waste or destroy�damage or
<br /> ':':,':` , ,.
<br /> �d�. .,..:,.�
<br /> �,:•�,.�, .-,. ��;'�;�y�;:; substantiatiy change the Property or a11ow the Property to deteriorate,reaaonable wear and tear excepted.Lender may inspect
<br />__,'�;,;�.�.,;;.,!,,;���,�;,t; the property if the property ia vacant or abendoned or the losn is in defauit.Lender may take reaaonable action to protect ,
<br /> ±�� ��' and preaerve such vacant or abandoned propeny. tt tfiis Securfty Instrument is on$leasehold� 8orrower shall comply with
<br /> i' �' ,�}�,�}��; the provtsione of the lease.I f�orrowcr acquirea fec title to the Property.the teasehatd and fee titte ahall not be merged untesa � �
<br /> ' `��"' `1i Lender agreea to the merger fn wricing. ' '���•''� •
<br /> ..• ,`r�a.,,: ' . . ,,: . : ���. .,.,..,
<br /> �. `'J��..,.,��� .
<br /> -S�•.� ,!��(tfi"�''..'• ,� � ..
<br /> :.,; .,; 'i.�,,,,�4{{�:: 6.Chprgea to Borrower aad Protecifon o[Lender's Rights in the PropeKr•�orrower shali pay al!govemmental or munictpai R: ':�.' '��
<br /> , .�,,.:; , charges,fines snd Imposittons that are not included in Paragraph Z. Burrower shall pay these obligacions on time directty to
<br /> „l,.�..;;;.,��.•: , .,, the enttty whtch ia owed the payment.if fatlure to pay woutd adversely affect Lender's{nterest in the Property.upon i.ender's
<br /> " � ��• �� � request Borrower ahall promptly furnish to Lender receipts cvidencing these peyments.
<br /> ;;�.. . �
<br /> ��.��"``��• ,�`�� I f Bonower fafis to make thcae payments ar the payments required by Parograph 2.or faits to perform any other covenants
<br /> ,��',"+! � �' � �.... . �.. � �r�harn ic leoal rn��ecdlnc ehat mav siunificandy affect Lender'a righta �
<br /> �..�ry;:c.�,:,,•: `-"�C� - aQdagreemeniacvritu�ri�.itiiiil3s.n�u:1.;t:s..lme:l..... ..._._._9..0-.�. . -
<br />_���;�;�.1,`�}:t,;,.+;; . in the Property(such as a proceeding in bankruptcy. for condemnation or to enforcgtawa o�regutat�tons).then Lender mey j
<br /> ,;:�,; . „t,,.,J,, �.. , do end pay whatever ts necessary to protcct the vatuc of the Property and Lender's ri hta tn the pro rty. inciudtng payment
<br /> , -�•, � 'c�• � of taxes,hazard tnsurance and other items mentfoned in Paragraph 2. t
<br />_•��� � '{� Any amounts disbursed by Lendcr under this paragraph shai! bec:ome an additionei debt of gorrowcr dnd be scrured �
<br /> ",:':�`,:�.`�.: � ,, .
<br />- , .,��•� ��1,''�.'r by this 5ecudty Inscrument.These emounts shati bcar interest from thc datc of disbursemem, at the Note rate,and at thc �
<br /> ' �' � �t'�f• � tfl
<br />'�����}���,:',-�'l,�h� ",� option of Lender,shalt be immcdiately due and payable.
<br />=�,::x�..,,r�tfrt;l,(,+:�:`. , . .
<br />�',��'}:•;:"+`'r;' .:'��'': � 7.Condemnutio�.The prc�ceeds of anv award or claim for damaga. dircre or consequentiat. in connection with any
<br /> t,� ,,,:.�..::: ...... .:�
<br /> ���7�''� ��'''�'!�'s�"''',.�(4' nd ehall be paid o Lender to h ext nttof the f it amount�of the indebtednc.cs that remains u paid under the Notc and his .'
<br /> I
<br /> '��,;;;•!4'�'°!��,ti���l;t�;''r�.;'' 5�curity Iastrument. I.ender ahali appiy such proceeds to the reduction uf the tndebtedness under the Note and this Securtty �
<br /> . �r. , ,;
<br /> ;.��'.;,':.:,�:��': Instrument�tirst to any delinquent amounts appiied in the order provided in Pnragruph 3.end then to prepc+yment nf principai. �
<br /> i:; , .
<br /> PuRe S oJ�
<br /> ;��y�:., .I``. ._ -- _ __..
<br />
|