|
a�_ y;`a - � yw
<br /> y.�...���' ' t�;�y1 C.{�♦ r���{���i'+ 1 ' ��{ -__
<br /> - �;•� �1 Y �.�1F � . ��j�, � n � � f � �
<br /> ,�l._ ��.7L1 S`� � j� J�bs
<br /> . � — � ,,r, ,.{r r :, i!".l�1 . '+'�._,,. i , s<•_
<br /> , .� . �,l� _.._.. t,,,
<br /> � 1Lt��,l•4�u i',.'�`�4'!�1\f� � � . .. ._-,...�lr.}_.�SJ}�'. ,.�)•.�V
<br /> . � .�.
<br /> .� � �.,.;��:�u.
<br /> w;:;::�u�`�;•'�':,:
<br /> . 91- 101845
<br /> , Bach nionthly instellment far ltems(a)�(b).and(c)�hap aquai onatwslicb ot the An�usl amouata.as reaeonabty eatimated
<br /> by Lende�.plua aa aipaunt aaftlaieat to mointala ati additionai balanco ot not more tban rne•alxth of the�atimated amonnts, —
<br /> The fall annual amwu�t�fqr eaoh item ehali be accumulated by Lender within a pc�fod endfng o�e month befa�e an item aautd r���-----�-�------
<br /> — beooma delia�quant.L�aMet shall hoid tho amounta coltectat ia trust to pay items lal.(66 and(cl before they bao�rie deUnquent. ��r,=�;�____:-
<br /> � I!at pqY time the tata!o!thepay�t�hetA by 1.rnder For itemi tab lb)�end lcb �oBether with�ho future maethlY payma�a �;�w��cr_��
<br /> for au�h itafas payabla to Lende�pdar to the due datca of suoh items�excads by rnore than ane�sGcth thc eatimated amoapt �v,���° _
<br /> '?t�i, �'4,rys��
<br /> -� -� o�payme�qa raqtdred to pay such items when dua.and it ymenta on the Note are curront�then i..ende�ahall olthec �ah��td .�, �,,,, �,,y, ; .
<br /> - me -
<br /> the eucese arer opaeizth o!the estimated paymente or a�ed t the exass over aneaixt h of the enttnated paymenta ra aubsoquem ;�,, �,�..�+� ��,ti �- -_
<br /> payn�ente by Borrower.at tho option of Sorrawer.lf tbe totai ot the paymena made by Qorrawer for item la),lb>.or (cl , ;�;^�, �}�Y���� ,.,�:�T:V
<br /> -- i�i�ufftaient to pay the item when due,thoa�orrower ahaU paY co l.ende�a�ny arnount ncceieary ta mako up the defIdency .,.,,�r,��;r��;..r ils•,.,,:.�;a;-:-
<br /> � • on ar befare the date tha item becomas due. ,�,���4�."1a0.yy�"a kv `r
<br /> � ,,
<br /> _._ .,^. � a ��, e s ,
<br /> - --= /U aaed la this Sact��ity Instrumont�"Sea�etary"meaa�s a�a Searetary of Hoasin8 and Urban Develppmant ar his or ha ���+�, � � ,� S 1� �t,{ ,-
<br /> ,:.�5�1 4.
<br /> ---�_ - dpigtiee•.Most S3�eaurlty Inattumenta i�aural by�he 3ecre��a�aef�s�a�er p�QB�ams which mquire advance paymonc of �� ;:�� ,1` :, <<�;
<br /> = tbe entire mortgago insurance p�a a ium.l f t h ie S e c u dty I a�u m a s c a�s o r�x a s £a+u�ed under a pra g ram wMah did nat roquim . , �.. •���_,�,� �;
<br /> ;�„�;� edvanoe PaYm�tt ot tho entiro mortga�itisuranoo Pre�aium,��+a�ch��b P�Ymcnt ahaU alw itroludo either:(i)an iastaAment �`.� { .'�,t,�, ���. 4���;:
<br />���°_��� of the annual martgage losuranoo premium to be paM by Le�,der to t�ee Secretary or ql)a manthly charge instead of a moctBaBa s , ` ,. ` ; .5; �_
<br /> �n�� � ,.....,..,..
<br />_�- inaurnnce ptemium it tMe 9ecu�ity lrstrument is heW by t�ae S�cretary.�ach manchly instalimert of the aeoxt$age iaas�uarcx ���;;�"''"�.�:'`:,i��;�'"''i`��'?1�;%:.
<br /> - -=-�n_trA..
<br /> 'ti�f r
<br /> .i11 t,i.' E �).
<br />'�*��� ' ` promiva�shall ba i�an amount sufflaient ta accum u G u te t d e lu 1 1 ann u a l�no r tg a g e I n w r a n c e p r e m i u m w i t h 9.e c d e r o�m o rn h ;r�;3��j':��'•.'::`�.��;•;:s:;;t�,.;�:,,.
<br />�"�.� pdo�to the dato the full annual mori8a8e Iasurance P►miium is dpe to the Sa�ecarY.or if thie Security tastrument is held �a,r,t,�'�,
<br /> ,. �
<br /> ����'��' i�y the Searotar!►.each ntonthiy ahanrge s�be ia an aaaouat equat w onNtwelfth oi onahalf percew ot'the o�utstaadin6 Prdxipal �'^4;+ ��l{�k�; `���'3k�`;b4i?��;.
<br /> , �
<br /> ,.� .�
<br /> '���.,�4,"+ ��� balaace due on the Note. �rs �'71';';'"'�r�t -; .-
<br /> i���� 4�f �.-:i..
<br /> °�����.��ic� lt Aorcower temlera to Lender the full paymeat of alt sums saund by/t�his Secudty instnunent.8orrower's accoa��t ehail ` ,` ';,�,;,:������i;�`;_
<br /> 4. ( ��\��• ��llq h...�4 f'��'� S[ J
<br />�„.. ..r. .r. .
<br /> -.�;i�-w����-,.;:n be credited adtA tlee balaaco re�aeinia8 for all instaltmeats for itans a and (c)and any mortgage insurance p�em . �.('{, s:���,i.;�'_-;:��,:.
<br /> �"":'•�;r,^ . inetalUaeat that Le�nder des aot beootae obligatod to pay to the Secretary.and Lender st�alt promptly refund any eucesa NsKb ��{[��;�:•.,,..;,,,�t.�._•,.�ti yr ,�:":
<br /> �v ir.S.,�: .i r " 1 /4o-��� '.
<br /> ' �""'�'�};-: to 8ortower. Ima�edlatcly prior to a foreclosure sale of the Property or iu acquisitbn by Lender� 8onower•s acao�aat:haU ,s�;,�< y t,.. �
<br /> �,' '`r,,�' �`?�`�_,..
<br />�:,`,:`.,`:'",1;,�' bc credited with an y balence remainin8 for aU Installma►ts for items(a).lb)�and(c). .;i s¢��,�.; r� i��f,� }.;--
<br />_..�,,•�?i•15j,,�,';� .}� e`t�. i�-�.
<br /> 516�4. ' 1� �fr�� tt,.�._'
<br /> :(��� ,, 1`.�.
<br />� b.�;���q,,�f+ 3.Ap�ddNba oi P�ymeate.All paYmenta undcr paragraPhs 1 and 2 st�eU beapplied by Lende�as followa: ��S{,,,"� ar�,j�,°'._
<br /> �f*�a.� First.to the tnortgage i�uranoa premium to be paid by I.ender to ihe Secrnary or to the monthiy chargc by the S�screcary ��� ;,, ,,�fY � ,;� '--
<br />_,.,,��.����•ti�7::.. i�ua wlxa tbb ,,,,3:`;r� ��.��
<br /> .,�+,u-•�a;,.:•' : i�roi�t,e�a�f'o*the awnthly aaortgage insuraace pre�aium.unless Bonower paid tbeentire mortgege inaurance Wrm . ..,.;+ �.:
<br /> tt •,m � aRY�{Q��Q�t wQ����j ..f'�,``�pr�{'1���I � ��;f: t � . .
<br /> � `�`� - A � J l .���)jt�'_ ✓�t ��.' :.
<br /> , t;u'�_ , ! � c� to any saxes.spcctel esss3+�ne�es,leaseho l d payn�en t s o s Br o u n d r e n t s.a n d f i r e.fl o o d a n d ather ham►d ia�uranoe ++ � �,
<br /> f�_��y �-- � - ..�. - . �
<br /> � . .��°r '� P W[IS��S[lQII�[Ed� �
<br /> upder the Note• ),i1s,�tr�`�'�� "�:°; ,'
<br /> ,�M 45:. , `.�' �;��to iaterest due . ,..,:,,�.,:, ,., , ' _
<br /> � ,'.�"�'" °�•'''f? rf 0�urth. to amortimtion of the pdnaipal of the Note: ,' �^Y ;
<br /> �2� -�;� �.`i�. "�S� �rt '.;r '� .A�'
<br /> Fi�i,to late ct�aages due uader the Note. �' } � � �
<br />-�f"u � ,�4 re �!�M . S { � v r � � �� .
<br /> tii. t
<br /> �i ,b:,:.P..•,°�;
<br /> �_ 4f ;.• ` WhCI�Q�IIOW�fl �S'rP���Y�����I��r>���l+l,� ��.
<br /> s1, �,r���'. 4.�re� �tood st�d pthK Ha�aed Iasue�nce.Borrower shaii iasurc elt irnprovementa on the Property.
<br /> `' .against aaY hazards.casualties and mntingendes,inc1uding fin.for whiah L.eMks raqai[es ''':;;Fy;�� f�,;%'�t;' .
<br /> '�;`,',6:`��;°«:�:' exletena or subaequently erected � �` ':�; �'•:a
<br /> '��� matnteinod in the amouata and for theperlods that I.ender requires.Boaower a1haN al�o `� f�'� s��• ,
<br /> `.': �;�..n,�`�.��.� insuraace.This lasurance ahaU be > ` 1�.
<br /> '��!;" .l; �}.l'�,:;�G!�.` �.,
<br /> ;�;,:�;'.. . insure aU i�a vemenu on the PropertY.whether now in existence or subsequeady crected.against Ices by fioods to theactait ";�;:.�.��t;{�i•r%:���}:,:;
<br /> •' .,`�..•,.,'�r.,;. �'p '...'.'�,, .",+�.,. ���t��,��`}`i,?��� � 1
<br />-;�::,;,;�!:�;�:..,_t�,�, required by the SearetarY.a1 insurance shall be cacrled wlth compantes approved by Lertder.The tneurance policies and aaY ,;�
<br /> an
<br /> �. •'� .�'`•:. •.�:h.� renewals ahail�be heid by Lender and shali inciude tosa payai►k ciauses ia Favor ot� and in a form acceptabte to. Lender. . ;;``;,{��;�;�;�v,.Y;;�'�., �;,�
<br /> � ?^�'' t �;,�; , :�.�C+��;}�)'�.•. F 7�.
<br /> ]�A,�Ni''��-!Jbq,.-.:� IQ the eveat of ioas�Bonower shall give L.cnder imneediace aoticc by maii.Lender mey make prooP of toss if�ot made , _
<br /> _..,n<e_�, ?.;:: promptly by�orcuwer.Eech insuiance company conoem�d�is hereby euthorlud and directed to make paym6nt for such toss > -`�� '`' t �,.,^� *�:,�
<br /> ��.�:����:�t�,,;:..�.: directlY to I.eAder.iastead of to Borrower and.to l.eaikr Jdindy.Att or any P�of the insurance proceeds may be ePP�� '�- � • �'��.. = :,-, .�w-
<br /> -�4�_�y'•������.��.'.- .n � `.:��`..: .
<br /> , y:,,A,,�,t.:�;�:� by L.endet�at tta aption,eieher(a)to the reduciion at the lqdebudneas under the Note and•hie Secudty Instntment.flrst to ti��
<br />.9.�Y� R it'::.- .. . : ,.�-. :..�i...
<br /> ,�.. any ddinqueat amamts app l i e d in t h e or d e r t n P a r a g r a p h'� a n d t h e n t o p r e p a y m e n t o f p r i n c i p a l�o r(b)t o t h e r e storatioa • „F s
<br /> > �.�:. , •;,�::.: . ,.' '',�;:.
<br />;��",y, . � a:��.. or repei�ot the dameBed Property.Any.4ppitratton ot the praceeds to thc prindpai ihe11 not extend or postpone the due date .' ,���.,..�.. .. . �+:-,--
<br /> o Q�.,�=
<br />=,�y �l: ��y � of the moatP�ly paynrencs which ere referred to in Paragrap h'�.or c hange t h e am�u n t o f s u c h p a y m e n t s.An y exceas inwrance �� , �� ,:.;-�,�.,._..-
<br /> a .:
<br /> „i���,; �5�, proceeds over en�ataaunt sequired to pay ail outatanding indebtednas under the Note and this Sacurtty lnstrument shet!be � . „y '
<br /> S�.* `;'t,�`r"t �paid to ti�e entity kgaNy entitled thereto. . �', ' �,.�', , f,' :-
<br /> i"�i;.nat�-':;���.:;. ,. - � , .'.i., � . ..�.y`:";:��...;'_.
<br /> �r4�,"`� �t>�'+�, �In the eveat of forectoaure of this Securiey Jnstrument or other transfer of dtle to the Property that exdnguishes the ,,s;,. , , ,.
<br /> „ .�;;�,�;; ;;,«.,4; indelxedncss, aU right.titte and interest of Borrower in and so insurance policies In force shail pass ro the purct�aaer• ���,. �5�, , :'�' �r� _.-.
<br /> . ��, ,, .
<br /> i3 7.41 ✓A : ! - - �l 1-'r.-
<br /> !�-�7`�` U , .
<br /> ,{,;ut�, �.r; ��: S.Ptr�v�tion and M�tete�nce ot tbe Property.t.�asebotds.Borrower sh�ll nc+:�mmit waue or destr�r.aBamsge cr �„•::i;,� �,�� , `
<br />� �r ., °': substentiaUy�hange che Property or allow the Propecty to deteriorate,reasauaa6k wear an�iear excepted.Lender may insptct � �r, ,
<br /> „1:. .?��;.�`�{y-�` the property if the property is vacant or abandoned or the loan is in defau�a.l.ender may take reasonabie action ta protac � " � _
<br /> '�'`'�,��'�`'''.`���+��+ and preserve such vacant or abandoned property.If this Security Inatrumen�is an a teasehoid.Sorrower shaU com�ly with ,"., �- . . .
<br /> `�'�i'���'`���'�1�;"��.� the provjaioes of the lease.tf Bonower acquires fee titk to the Propeny.the leaseholai an�i fee t[tte shatl not be mer�sd unlas � , . ,
<br /> ';;'��'.;�;.�..:.,,;�,;:�' Lender agrees to the merger in wriaing. � . . . '
<br /> -.>,'-��--.....,,. . �;:
<br /> ��._-,:.•. �.,<<<_:i„ • . .,. .,..,
<br /> ..�,:v,,,_,=. . �
<br /> -'Y'��.•.,°, �°ti��+4�� 6.(�rges to Hoermw�er anA P�tectioo oQ l�eader s Rights in the Pro�e++A'.8c��ower ahall paY ali�eta�mental or aawnici � .,;:t.r,1;_
<br /> ='��`" .�.�.�` i'.�� chatges�,fines and impositions thac ace not incia�an ParaS�eP�►Z.���ahall pay these obiigaorans on tims cDirenDy to 1 � . • ;'--
<br /> +:,;i,��� ?�,';�;.� , -
<br /> . ..�'�'•, ;`.` tPie e�reiay which is owed the payme�a.Of failure to pay woalnia��ersely affcct Lende's ma�ecesa in the PropertY.uPo� ��'s `..: ''�''.;;;;,: ., ;�`,•J;,��:,� -
<br /> ,;.1� � +: :�. �` .�I::,�_.�
<br /> ;:;,� ..�.�: ,. '.'
<br />'�:,1) : . �;+•',,r.,��,tij �e�J�orrower sha!{promptly�vnoish to Lender reaen�as a�encing these pnymeu�es.
<br /> � .. . , ,,_._..
<br /> ' ��.' ;; ; �:
<br /> Tf Boreower faiLs to make these paymen�s or the payments required by Paragraph 2,or faita to perform eny o�her coreeaams , .. �;•,.,:� ,}.
<br /> , .,, e11q SgIL•Crt�CttiS�vniniiRi ii Qiiie uCM:::���.•:•r.-"'e•"•;."'eHp�P i�a f.wa1 prnece�linn that maY sisnificanttY affect Lender's rights i:,'' . . . , . ,
<br /> ..�
<br /> z �"� + 't�;tR� in the Property(such as a proceedfag tn bankraptcy.for condemnation w tocnforcc lawsor regulations),then[.ender may � ',� � -
<br /> r1� ... .��'�.,5�: ,. �.:
<br /> do and pay whatever is necessary to protect the value of the Aroperty and Lender's rights in the Propeny.includfng payrnent 1 ,
<br /> �'''"'�'�'��"'�`�`''� ' hazard insurance and othec items mentioned in paragraph 2. �• •
<br />-�=��?�7����,,�.'�:;:•�, r,, of texes� . , , �
<br /> ��,,,,. ,.,`t>•:,;,,.,,; • .
<br /> "'�'s'.�t -• �.=:f.:t, Any emowts disbursed by�ender undcr this Paragraph shail bccomc an additionat debt of Borrower and be serurcd _
<br /> :x'..:."..,,s. ,-
<br /> ` �,�'��,�+� ` � by thia Security inatrument.These amounts shat!bear intcrest tram thc date of disbursement,ut the Notc rate. and at the
<br /> ;;,�'���,•::,. .•: " option of Lender.shalt be imtnedietety due and payable. • � , . � _
<br />- .�„,:,. . . . ,
<br /> :+''_" ': :f ,, :
<br /> °�;�, .;. ,'�,�,,,,:,, 7. Conaemn*tion•The proceeds of any award or�taim for demages. dfrect or eonsequentiat. in coanaKinn �ri1h any
<br /> �,�� ,;�� . „ •; mndrntnation or other taking of any part of the Property.ur for conveyence in place of condemnatioa.ure hereby essigned �
<br />_,.,.,,,, ..:�,�� ._ and ahall be paid to Ltnder to the extent of the fuil amount of the indebtedacss that remains unpgid under the Notc and this ;
<br /> '.,;r��^.� �•� �`.-� . Secudty Instrument. Lender ahaU appiy such proceeds to the reduction of t he indebtednrss under the Note and this Secudty �
<br /> �,,.,,�;. :;�,,;,•:�• .
<br /> •.,;: ,.;,. , instrument.fint to any delinqucnt amounts appiied in the order provfded in f'aragraph 3.and then to prepayment of pdn�ipa .
<br />',"1,,J• �.� . , �
<br /> • f'dRt 1 n.!t '
<br /> .. ..;�. . --- - -- - -� _ •.�e: _.
<br />
|