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_-- �: . -�.� ��.. ... : _ __ .. :_ �
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<br /> - -L --- � 93-1�.�l2
<br /> 1. ot rr#.atwd,Uteewt.ea�.�ae clu�.. sonawa.ad�p�y when aue tiie pdncipd a�ana mtauu a�.
<br /> die d�6t��Iry tUe Note uW I�te eh�ryas due wider tbe Noto.
<br /> 1 Medhly�b of 7Mtceq Luo�MOe�ai OfM�C'We�s. Bomowa alNll include ia ach�P�Y��
<br /> to�etibt whp tbe p�lndpl and inloreu u�et foAb ia the Nae�nd�ny b�u�o clur�e�.aa inwliment of my(� wcas�nd
<br /> special ae�u�levied or W bo levied a�ainst the Nr+apn�Ay.lb)Ie�ehoW p�ymenu or @auid raMt oa ibe Hropaty.�nd
<br /> (c)PraniumR for 1nwr�u�ce requi�ed by Para�raph 4.
<br /> `_J B�ch mond�iy imtailment for i1em. (.)� tb)wMt i�)ci�Y e�1 onc-nxcMA af dx a�aa0�s. as es�1�►
<br /> - -
<br /> - �- _ ----, a�imNod 6y Ld�ler. plus an anount sufflcieM oo mninuia�o +�ddilionW 6�4aoe ot�wt paro daw oue•sixtb af�ho --
<br /> _ ostlm�ted+�mount�. '�e f�id amu�!aaow�t fot e� ileen siuU 6e�avmaY�ed�r O.en&r wi�hia,��peeiodl er�iing ao@ °-_-
<br /> a�be�'«b�u ikm•�ouua b�OOme aeli�qa�. Lmda�.hu�baa t6e,a.oaaa oorlectea m ame w,pw tt�a�c•k ro�•oa
<br /> (c)beforo d�►beoome delin�ue�.
<br />___ li�t p�r tko�o the toW of tho pa heW b�t I.ender far itans(a).N)+�ad(c)� wid►tlie�Lluro ma�rddy
<br /> a� for sad� ilao:payable w�prior w the due dates of wch itea�s.e�+�mom tb�n ane-sixih Iha
<br /> fo
<br /> amouN ai pYmonts�oquei�ed tapa7 such ikms when due��nd it'p�. ta aa the Note aro ctutcnt,lba�I.ender
<br /> sh�U eid�er nef�nd tbe exaess av�r oae-s[�ctb of d�to estimated pa�a�eaasc over one•siuth of tho estirt�aoed
<br /> yma�u►w sul�equeu�paymeras by Rorrowu,a��4e opNon of Bonowe�. If�he cou�l of u�e paymeaa m�de by 8o,mwer
<br /> psyma
<br /> � H far item(�A(b).or(c)is lnsuf�ieiaN to pa►Y tha ilem wlfen due.tuen Bonower c1W1 pay b L.a�der ony omount nece�ary to
<br />.; �� m�ka up the doticiency aa ar befa+a ti►�do�o d�e i�m 6cxomes duc.
<br /> -- As M�a1 in diis Secur�ty Insaianent,"Secnd�ry►"means the Sec�ewry of Hausing wnd Urb�n Develop�aent ar his or her
<br /> - - datig�ee !n eny yeu in wMch tha Lender mustp�y a ma�tgage iasurma p�etntum w tAe Secretary.each monthlY PaY��
<br /> - ch�U �Iso inolude eitber: (i) �n insullment of�tee annud matgage � p�emium w be paid by Lendcr to the
<br />_- - - Sesnetuy.or(ii)�manthly ch�rge instead of a neaxq�Age insuranoe prcmium if thts Security Insaument le held by�he ___
<br /> ,^�� Secretay. Euch manthly insulln�t of the �uo�noe P��cmium cludl be in an a�nauu sufficieot w aocumul�te the —
<br /> -- fuU annwd mortgnge insurance pnmlum aridh�L�a�ndes'.Vne mona�+anor to�e date�he fuii sumuai mo�tga�e �nsurou�ce �
<br />. pr�emium ie dua w tha Sxretruy;or if this Security�as�ment is�c:�i by tta 3ee�tary.e�ch marnthly charge ahall be ia an —
<br /> t �mount a#ual to ade•twelflh of aic-helt peramt of�he wats�nding�riqcipal balwKx due on the I�j�te. . E_,,
<br /> If Bomower tendets uo I..ender the full paymem4 m�all swlu Secu�ed 6y IDds Setwity InSU�aer�u,li�rowwr's t��un� �::
<br /> .#� ,�..��--
<br /> sh�p bo cmdited with�he balanee remaWng f�aGl imstallmeras fa itans(a2,'��nr And(c)aca�d��mraar,�s�'� Iaw�aaE t:�:.;
<br /> p�emium inst�llment that i.ender has�ot bocome obligated w pwy ta tAe 5ecre�r.and l.endee sha0➢goromi�w7y refuyd ae��. �'-�s`-'=':
<br /> -. + ;Y �r C7ICC88�11I1(I&1Q BO!((�WC�. Immediatety prior to�faecloswe s�le�ff�Dwe Pro�ereg�r its acc�m;s i�ricm by Lu�der,Borrovvrrk "�`�`-
<br />`�' �►�"a : � a000wK ehall be credited witFi any bnlance ramaining for all inswNto�ea'�9vr items(Al►.Nlu�i tc>. ' ��:_��
<br /> + � ,� 3. A tic�tlan of Paymente. AII payments wider Paragraphs 1 and 2 shuil be applied�y Y.ender as iollows: j�;fr?='
<br /> ' � ta the mongage insumnce p�emium to be paid by L�nckr to the Secreiary or to the monthly chsi�ge by the �,„,_:_
<br /> �`�;._:.
<br /> � tary iastead of the monthly mortgage inrurance lmmi,um; __--
<br /> :r; �.w any wxcs.speclal asses4menta,lea9ehold paymerae or p+nund mnte�and ff�e.tload aad other hazard
<br />_•�.;i *,����; neurunce pretniuma,as requRed;
<br />-- — - � �$J;3,to IntGirKt due under the Note;
<br /> ,,,, • .to amortization of the prfncipW oi the Note;
<br /> �lua ahcuges due under Iha Nota.
<br /> 4. FYro,I+lood And Otbe�Narard Insumnce. Borrowcr shall inswe all improvemcnts on the Property.whether now
<br /> _' _ in eaicta�ce or�beoquently erocud,egninct eny hazards.casualtip,And condngencies,including Me.for which Lendor
<br />--'.� requima incuranoe. 'Ibia insuranca shell bo meintrined in the�mouma aml for the periods�hat Lender r�equires. Borrower �_-
<br /> ', - - - slwll also insuro all improvementc on the Property,whether now in exfstence or subsequenUy erocted,agafnst Iosa by floals
<br /> w tho extent tequircd by the Secretary All insurancx shall be carried with companiex approved by Lender. Tha inrurance �'-s_
<br /> ' policieu�nd afny�r�e�rawaW shall be heW by Lender and shnll includc locs payabk clw�e� in favor af. and in a form � =
<br />� 1�, '4 .. ������6ii11YC1.
<br /> -, In tho event of lo�s, Borrower shwll give Lender immedietc ndice by mail. Lender may mrlcc proof of loss if not �.:.�
<br /> m�de promptly by Borrower. FACh insurenca company concemed is hercby authoriud and directed to make payment far E=
<br />- wich loss dirocdy to Lender,inste�d of to Bomower and to Lendcr jointly. All or any part of the insurnnce proc�seda may be ���',
<br /> �plftd!sy Lsssder.nt!ta optlon.ei�IK�(p)�o�he►�r1i�c�inn of the indcbtodness under the Note and this Sexurity Insuumem,
<br />�1_` - - - , � lirst W+u�y del uent wnaunts applied in�he ordcr in Huag�aph 3, and then to prcpayment of principal.or(6)to the ��v;
<br /> , � mstoratfon or�of tho dacneged propeny. My application of the proceeds to the prine�pal shell not extend or postpone
<br />- ° �' tho duo dwe of�he monthly payments wh�ch sue refemed to in Poragraph 2.or chonge the sunount of such payments. Any ���,
<br /> excess insurance procoeds over an amount tequi�d to pay all outswnding indebtedness under the Note and this Security �,,,,-_
<br /> - ' Inctrument ehall be d to the entity le all entiUed thereto. �"m
<br /> n� s y �u;::,�
<br /> V �t Y. '� In the avent of foreclosure of this Security Insuument or other trensier of�i11e to the Propeny that extinguishes the .��=�
<br /> ,y;.;;.,r,,,... �N_W_.__.
<br /> �. � fi in�lebtedness,all rigtn,tiUe and interest of Borrower in and�o insurance policies in force shall pass to the purcheser. __
<br /> ��r`" S. Oa�ip�ncy. PresarvAtion, Malntenance and Protectlon of the Property; Borrower's l.oan Appllcadon; �;
<br /> ° ----=:..� l.e�edddo. Bomower shall accupy,establish,and use the Propeny as Borrower's pnncipal residence withlo sixty days �r�=
<br /> __ `a'�'�"'� after the execudon of this Security InsUUment end shall continuc ta occupy the Praperty ar Borrower�s principal tesidence �;`
<br />'�e`�:� °�"� for at least one yetu after the dnte of occupancy,unless the Secrelary detemiines this requirement will cuuse undue hazdehip �`�-
<br /> __ : �� for Borrower. or unless extenua8ng circun{stances eaist which ure beyond Bomower!s control. Borrower shall notify �„
<br /> � ��' , ��'�'' LendeB of t�ny extenuating circumstences. Botrowcr shall not commit waste or destroy,damage or substantielly change
<br /> , �, x••...; �:'''
<br />:;_��!' -;,�,� t the Property or ellow the Property to deteriomte,rcasonabk wear and tear excepted. l.ender may inspect thc Property if the ��`�`
<br />_ . �',':'r,:-..:�;, �` Property is vacant or abandoned or the I�an is in default. Lender may tuke reu+onuble action to protect and preserve such
<br /> '"�"��'l,� vacant or el�ndoncd Prop�rty. Borrower shall ulso 6c in default if Borrower,during the loan Applicodon proces.c, gc►ve J�,:
<br /> � . �;,; °� ��.� materially fcilse or insccuratc information or slalemenla �o Lender (ur fuileJ tu pn►vidr Len�ier with any materia{ ===
<br />',;,., � � ''t��.,`� infortnation)in connection with�he loen evidenced by Ihe Nae, including,but not limited to,rcprcsenwtiona canceming �"
<br /> :b;73'i�;� • ,�,;,;: i::
<br /> ..,,,,,��,.� �• h: +: Borrowerb occupan�y of the Property ns n principnl rexidence. If this Security Insuument is on o Ie�.sehald,Borrower shall �, ,
<br /> .�' ` ��;��-� •` ��� - comply with the provisions of�he leu�c. If Borrower ncquirex fcc�itle �o the PropeNy.�he learehald and fee title shall not
<br /> ''"�°' ' be me ed unless Lender a rces to t he mer er in wri�in "�
<br /> �... ,
<br /> � �'' ' � . 6 Cluirga to Borrower and ProtecNon oi l.ender's Rlghts In the Property. Borrowcr zhull puy nll govemmcntal �=
<br /> !,'j,:,t,:f , -< , �_,
<br /> �f;:r,, 1 r ,�, , or municipal chuges,fii�es end impositions th�1 arc not included in Pumgruph 2. Borrower shull puy�hexe abligations on �.
<br /> - , : time directly to�he entiry which is owed the payment. If failurc�o pay would adversely uUect Lender� interex� in the
<br /> �� `'�����;'�t�, ' " ? Proporty.upon Lenderh request Borrower shnll promptly fumish to Lender rcceipts evidencing these pAyments. '.•:'
<br />_��.`. � ���p , If Borrower fails to make these puymems or�he payment, reyuired by Hvagrnph 2,or fuils ta perform any uthcr �
<br /> - ��,;- �� •1���'`�� covenents end ag�eemeMs contained in this Securfry Ins�rumem,or�here is a legul prnceeding thu�muy xignificnnUy uffect
<br /> -- -"°°'r Irnderk riQht4 in the P►oDeKV(suCh�S a 0(OC¢Cd111Q �Il bU111CNDt�V.tdr eondemnation or to enforce laws or regulationsl. �'
<br /> ��� � `:����:'� then Lende�mey do and puy whatever is necessury to protect�he velue of the 1'ropen�v und Lender.l•rigl�x in the Propeny. ��-�"
<br /> �' 1 .,�'��� ' �' �a Pi. .
<br /> ��-<• '+7��i including payment of tazes,hezz►td insurance und other items mentioned in Paragru h...
<br /> ►t �
<br /> !u`- � My amounts disbursed by Lender under this Paragraph shall became an s�dditional debt of Bomowcr ond F�c secured •�
<br /> � ..a- .^;,�' ��l;::
<br /> � • by this Security Ins�rument. These amounla qhall bear inures�from ttie d�te of disbursement,a��he Niotc rate,and at the •..s�'+
<br /> • �.��` option o f L en der,s ha l l be immediately due and pnyaM�e. ?';;;�r'�.
<br /> `'�,,i,;!�'i,• 7. CondemnYHon. The proceeds cof atoe�awurd or claim(or dnnages,diact or consr.�uential,in connection wit4��in.. !�
<br />"1�'J `.• � ��6j+'�� condemnation or other takin of an ut a!the Pro ri or fmr crmveyance in Isce of condemnation,are hereby assa nec �i'i'
<br /> . �, _.. ..'t�..., 8 1'�'� Pe Y. P F t.
<br />�,;}•' ' 't1r�' �' and shell be paid to Lender to the extent oi�he ful0 amnunt a�f�iae;r.d�bttdneas that remuins unpaid under thr Ncxe and thi{ ��•��;:
<br /> ,a,1„��'��i�_�'' 'f� ' Security Instrument. l.ender shnll apr,ply su�h proceed�to the adur�ion of�he icKlebtedness unJer the N�ote ead this 5ecurity �;�'��
<br /> :a S:�•, •P. �•
<br /> `';f�; ,'��,: �:,,�;,t InsWmen4 first t� a�a. clEOi�„yuent amaun�s upp7S�d in the order providcd i:, iParagraph 3, end then to �e�rc:�ayment of �,
<br /> ',J,�};�;��� .,, pri�l. My a�p�icim�ian af�hr �roceeds to the principal shall not excerui or postpone the due cEa�e o�the monthly >'
<br /> rt�,,7.' :�:°1 r���
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<br /> ;�.. ,'.���` IPaRe!nJ1 pngal
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