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<br /> - . Each montl�ly�inst�llmenE for icems(at.tb):aad tcl'sl�all e9�.one`cwdfch of the aniwat u�iincc.as.reasoaa6ly�tia�ated
<br /> by Lender.ptu�ap amount sufticient to maiiitain an�ddiaonal batancc ai not more tfian an�sixth of�he euimacod amaints-
<br /> The fuil anna�amouut for each item shai�6e�ulated by 1-ei�er vvithin a period endin8 oae month 6efort an itertt.rrroutd
<br /> - become delinquent.Lender sha116o1d the artiounts coUecte�in uost w paY Ite�ns ta).tb).and tc)beforc[hcy become ddinqae�.
<br /> ..' If.at aay timc ths tntal�of the payuients held 6K Lct�kr for items(a).(U),and(c},wgetfier w�th the futnre monthty Pay'mmu —
<br /> for such itesas payabk to Leader prior to the due data of suc6 items.cxceeds hx mara than one sixtb tbe rsttmazed�uunt __
<br /> _ - =_--_-.o�paY�iec�nired to�a�such it�when daSL9�ad if payments on_the Natt are CwYtat,tttsn Ltada sha!!eitha refuad
<br /> � the eus.ess aYer ono-sixth of the esiimued PaYm�IIU or credii the eicc�ess ovec bne�h af-fFe�ue�i payinemsZu snbsequeat-_,-_ _
<br /> payments by Bonower,at the opcion of BaROwer. If the.tatai af the trayments�aade tsy Bossov�cs for it�fzk tbA�tE? __ _-_ —
<br /> is uuufficaent to paY�e itcm whea due,then Borrovrer sh�lt paY to E.aider any amount nsaessarY to malce up the defici�rt� =_--�
<br /> er�c.T-.-.__
<br /> " on or before the date tlie ittm becomes deie• -=
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<br /> � !1s�sed in t6is SecuritY lr�strumta�"SeerttarY��raeans th�S��Y of Housing and Urban Dtvtlopment or hif or der �'���_-=_____
<br /> desiSnee.Mo�S�nitY instrameats insured bY tlie SecretarS►are insured under programs wluch require a dvana Pal�n t o f ,g� -
<br /> SCC -'
<br />_..� the entire martgage�IASUranoe prendum.If chis Secwity Instruma�t is or w�s inseered under a program which did not require �=iz.,"'=---�
<br /> �_-adira�pm�tmeat uf t�entirc mortg?�+e ias�uanc��remiwn,t1Kn each moatWY PaY�xsball sisa iaclud�e either:C)aQinst�ltmeai. _ ���-_ _
<br /> . . . � :.
<br /> st+e��f�ri�octgs�ge- =- �.' --
<br /> aEtheannualdiartgageiasurancePremiumtabai�dbYLrnde*tociie .e�Creta��ar�iira�unrchfgt'har8��� ; �:v—
<br />� � insurancat gc�if t6is Securih►Instrument#s held by the SecraarY.Eac1�mont6�1€�t Qf'the moitBage ia�ra�x '�:;°;�,�. _-
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<br /> �:' pca�sirai[be ia aa amniuu s�tf�c€e�t to aix�at�tbe ftill annua!morfgabre in�s�e ptem�um with E.eadet ene enoritb. `�' -��nz�-�:��
<br />� " prioc to the�tlse fWE atmual moctBaBe insucance premium is dae to the Se�tazi�.u�;�tixls�vritY t n s t c u m e at i s tr e t d t ' > ' '�,�_
<br /> J ` tt�e ,T�ItmFa�tWY chaBe shait 6e in an amount equal to or�tweifth of one-f�aE�'�e¢nfi af ti�e m�L�nd�R�Larittc�a[ --�
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<br /> - - •hata�ecc+�;rivi���lt4r� :� , -,�.,:�:, _" ,`t.�.� �`.:. :;'�.;.� �;. _ =,�::.=
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<br /> �� ,� .t- .4:�,, •� � ofaUsnmssqcurafbYths.€�'��. &s,r�c�n►'�s�mit�all
<br /> ����dr��Lander ttte fnll paymer� , �� .
<br /> �," �' }.(b), ��xit8a�€.i
<br /> be�ai5.+�lbe haFanoc rem�wan,g for tu�attmenu faF items ta ��.c�'=�3`� � - 4. _
<br /> , f �t-ts�I.endcr mc vb2igated to to the Secretary and Lender sCs,a}l; .�l�t�f"°7?�t�Y.��ds � • _--
<br /> • has not beco PaY + ' , �.:.: ,
<br /> � i�,�i:. • �mmediately prior to a°€mc�os�ue=5ate of t6e Property or its acquisirion�t`F.�v3�c;�8irrr.fi�r's aeeecfat shap � . ,
<br /> ��:� :-t:
<br /> �''�_;�� � �i;;�`�dxi'a�Ith any�baiauce remas`niiig•for atl ins�allinents for iums(a).(b).and(c)-` ,� �: ^ ,,: �; ,. . � -
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<br /> .- '�.,`' _`$.`:�y1j11eNiss af _�?���P�Y��uudet pacagrdPhs 1 at�d 2 shail be a�:p���F.�:'�':�fi�,aws: �•` � �_
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<br /> ' • �-�-_�� % F'usK;:•i-sr t'!ee iaortgage insurance premiwn to be paid by Leader to tht Secretary or tm�i�9 char�ge�by tsic�eeretary � �
<br /> y..�� • �. ..,__.,_
<br /> . , instead of,L�i�onthty mortgage insurance premiurn,unless Ba�awer paid the entire mort�msurance plemivai�this � � �
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<br /> ,�'�. . . Secprity Iriisssvment wag s;gned; - ::�._:_.:.. � , . �
<br /> ; Sxoad,to aay taxes,special assessmenu,teasehold pay����S�ou���,�fue,flood and other hazardi�tance �' ' .
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<br /> .',�••-• premiums. u required; ' , - �
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<br /> , � �,' r ;•�� Third,to wtereu dae uAdec the Note; � , � . � - �`�
<br /> � { f' `''� ���'% Fourth to amortizatian of the prt�nnc�pa!of the Not�'.�� �''. . : —
<br /> � 1 ir.�?A��t, , . _ . ' , ��` .. , . . —
<br /> . ,: ;-���`���;i;; Fifth.to late cbacges¢�e:nm�i��iVose. � _ ��=--
<br /> • '.7� i,� 4.�7rt,Ftoa1�E:@�l�I�Iu�rd idsu�a�ce.�r.rower shall insure all�:�i�eaT��+�*..���'�g�e��"r in i
<br /> - �` :°.existence or snbsegueat��^��,against any hazards;t�ualties.and rnnar;�a�.'�,',�u����.for���:�L�nder .. es . _
<br /> ` . - insnrance, This insurance shaU be maintalned in thc amounts aad for the perroc�s t1��i�.e�f�s requires.Borrower��also u
<br /> �Y�i . insure all improvemrnts on the Propetty,whether aow in existence or subsequently erects�;;�t loss by ftoods to¢�ie!� � ':. •�
<br /> � ��' aqvired by the Secr�ary.All insurance shaU be carrjed with companies approved by Lctic�s':�'he inswance policicg�a�idi any : �
<br /> � - `'� � • '" renewals sha11 be held by Lender and shall include loss payabte clauses in Pavor of,and in a fann aeceptable to.3.���er. ` � , `
<br /> � In the event of toss,Bonower shall give Lender immed'iate notice by mail. I.ender may make proof of loss if not made i. , ' _
<br /> � ��,;. _ � prompdy by,8orruwer.Each insurance company concerned is hereby authorized and directed to make paymcnt for such loss � , � __
<br /> - � duectly to'p.es4der,instead of to Borrower and to Lender jointty.All or any par[of the ias�sance procceds may be a�g�plied _
<br /> � ���''�' .. , by Lendc4.,ar.ns o�tion,chher ta)ta it�e reductian aP the indebtedness under ihe Note aa�tr�'�s SecuritY lnstrumear.,�s-t to i'
<br /> -'�� . '.a�►deti����amou�ty.��lied in r1ie order in Paragrapb 3,and then to prepayment�f��:ipal,oF;/w�ta the c��r.ia» . • ' •• ..
<br /> - � . �s�.�s�r,o��'�e.d�a:�,a��'�s,�ert!���aPPlication of the proceeds to the FrinciPal shalt w��a�er�d;p�r�ia.a�u�.e�+�`+�date i
<br /> - ' '; • ,. �the rr�pu�+�,4ayate�+.�w�t;,�Ct;:re i��l;.�ied to in Paragraph 2.or change the ataount of��3�raym�t�:'•�m'.�,��'i�'wr��tce .� "
<br /> .' �.�t;L"rfi`:;; ' proceeds�a;je:an amour:�:equ�����<_r+:y aU ouutanding indebtedness under ttte[�tQCe�3u.�a�Secnrri.��l��.tuc�c�:�3�.[?e .. .
<br /> ��' ��Y �x�'",���s�� paid to the tntity legaliy enta�ed�9��a�txo. '' � • . � i �� .
<br /> , . � -u- � . . �� �� '.� � . •.. !� . •` �" . � .
<br />' ,! ' �� • 1 .�.. .cj
<br />� ' •�.: tn the event of foreclosure��tt�s Securi�y lnstrument oi�tilfi.er,tr:tt.�fr�ar,�s�cie�u rl.e Propeny that exti�g,�'the �
<br /> '�;�> r�: ,• � � ,;, . • indebtedness, all rightf ri�:l'e�ans[�in�est of Borrower in and to insuranre���ar�in force shail pass to the purct�?�. :��
<br /> . . , , , �, ��.
<br /> � i F' �
<br /> .,,� ,�,� �,(��u�, . 8.PreaervaUai a��em�rtre.�pf tie ProperlY,IRasebotd.a.Bor�awec��iiatt ner:��zmit waste or demoY ��a or •
<br />-�`� �� . �5t;�^���` substantlallychangethePropertyQ�.�.1;�wthePropenytodeteriorate,reasanahleweatais�i��cexcepied.Lendeem�.yiis�pect }
<br />���s .�:`,�'�t,��r,;, the property if the propercy is vacant or abandoned or thc loan is in defauic. �:endc�'z7����ce reasonable actia;i.us�ismtect
<br /> ., ., . :,., - .. .,+.�,ala., z� ., ,. � ; .
<br /> ���� .• " �nd presetve such vacanc vr abandoned propeny. lf this Security lnstrumen.t�-i<on a�:�.�,ild.Borroaer shal3�am�li�y with
<br />%c� '�± � :,.'. :•�;,�?��.},� : � . �he Drovisions af the lease.if Sanower acquires fee�Itic to the Property,th�l'nas�hotd a��a.��e tit�e shalli a��c be a�.er��d unless �
<br />� , .'•'•`,{�r.` ' l.ender agaees to the merget in writing. ' , , I
<br />� n•�2iV . , ' ' ' , (
<br /> ' . • �'���r��il:�.. , . . . . . ,
<br /> �•�!f7,�, ' 6.Ct�l�to 6orraMer asd Protectbe of LeeQer's R1�fs is tf��l�aperly.8otrouer's�tail IraY a11 govemmetit33;�1r•�minicipal ;
<br /> �. charges,f�e's and imposieions that are no!included in Paragrapli 2.Borroa•er�hatl pay:t9i►.�.�e obligativt�s o�iitn��lit�:ity�o j
<br /> ,.�, .I � the entity which ts awed che payment.if i�iture ta DaY H+QWd adversely affecs Lender's incciest in[he�?rop�ert�r;�i�pon:L,±�ider s � .
<br /> request Bonower shalI proinptly fumish to Lender receipis evidencing these pay�nents., .; . �� : _.. � � .
<br /> 1P Barrower tails to make tflese paymcnls or the payments required by Paragraph 2,4�'f�iis to perfornl'any 4c[iei�uii�nants ;: ,
<br /> � � and agreemenu contained in this Security lnstrument.os the�e is a legal praceeding that ni�v significandy affecc Lendct's�rights ,'
<br /> ' ia the Property(such as a praceeding in bankruptcy.for rortdemnation or ta enforce IaWs o'r regutations),then Lenaer may ` , ��
<br /> '� � � � do and pay whatever is necessary to protect the value of the Prap�rty and C�nder's rights'm the Prapert�,including pajrment 1• •• •
<br /> .,� .' .` . - af taxes. 1i�z�Q ifuurance and other items menNoned irt ParAgraph 2. -- - _ .__ ,; � .
<br /> 'c•: Aay amannts disbursed by l,ender u�der ihis Pasagraph shti116ecume an addttionn!debt ot�onawer and be serured � .. ,
<br /> � • ''• by ehis 5ecurity tnstrument.These amounts shall bcaf imerest from the date of disbursement.at the Note ratr.gad a��he :• { � •, �
<br /> �� � opdan of Lender,shall be lmmediatety due and payabte. i
<br /> � �' .:
<br /> ' 7. Co�%�uaHo�.'ifx proceeds of any award or claim for damages.dlrec!or censequeafial.in cbnnectian with any
<br /> •. ..
<br />- - -= -°--=v==°---=—°- - - c�jid�tiatt of othe:sakisg at�}paet aE tlte Pcop�t�.oF far rc+nvcy�nce in place of cnademnat}b�t.ure hecebY assign - -___--,___ --.,�
<br /> � and sha116e pald to Leader ta the crtent of the full amount of the indcbtcdness that rentair�s unpaid under�he�Vote and this .
<br /> � . ; ' 5�curity tnslrummt. Lender shatl a�pty sucb prnceeds ta the r�QucNon uf fhe indebtedness unBer the Nate and this Securiey
<br /> • � , .. . Instrumeet.first toany delinquent amaunts applied in the order provided in Paragraph 3.andehen ro Dsepayment at psincip�l.
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