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<br /> :� 93��0�3 �� ;_n
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<br /> j l. Pnymcift of PrLiclpal,Intereal and Late Charge. Dortowor nhall pay when due tAa pdnclpal of,end imorcst on, " °`-
<br /> --� ihe d�bt ev[AeawW by�he Nom and tam cAarge�dua undcr�M Noro. ; °"`M
<br /> 7. Monihty pnyuxnln ot 7Lxeti[nsurance end Oth¢r CAergc�. Bortouer shall fircludc In each mon�hty paymem,
<br /> ' � tngahu wlih�ho pdnclpal md IMercsi m ut tonh In�hc Note nnd nny tam chnrQe�,en InstaUment of eny(a)taxes md tY�, f r t,�,
<br /> ip�cinl nuessmant*lavled or�o be levled egalnst tho Property,(b)Ienuhold paymenu or grounA rcnu on�he Ptoperty,nnd , ti �
<br /> (o)pmminm+tur Imuranwe requimd by Parogroph A. ������ r
<br /> �; Each mantbly Imullmem Por imm�(o). (b)end (c)sAail equnl one-[wYIRh ot eha enmml emounu,s+ masonnbly ,„ r.,. .
<br /> osNmNOd by Lender, ylu� m amoum wfttcicm co mxlntnin en eddi�ionnl bniana o f nm marc �hm ono-s ixc h o f t he ��1 :�..:
<br /> ,!� esHmmod umaunu. "ITe PoII ennunl emnnnl for c�rch ficro shnll be envmulatal by Lemicr within e pedod ending one 1
<br /> mon�A 6ofaro on Item would become dellnquont. Lendcr�hall hold�ho amouma mllatod In trusi�o pny homa(a).(b)and , �.h+ -
<br /> � (c)6eforoNey6ecomadelinquent. .��`,� -
<br /> <' lt et nny lime thc lotnl of 1ha paymemx hcld by Ler.dcr for itemx(a),(b)end(c),�ogether with the Poturo mnmAly . . .
<br />.,,;:_� pnymente Por iuch items payablo to Lender pdor to the duo dnmi of iuch iiemx,exceed+ by morc �hm one-aixih Ne r�,,,�� ,_,��..
<br />::�t:;� ostimmnd amnunt of poymenu rcquhed ro p�y cuch itema when duo,and if pnymems nn the Note arc curtem,�hen Lenner �;;i�,;t_;.
<br /> ,j;] shNl eithar mfund tho exa:s orer onas{xih of tho cetimnted ppymente or crcdu�ha excess over one•ala�h of�he uumated fc:�.t.'.:.•,
<br /> paymome m wbsequent poymenu Ey Bortower.et thc op�ion of Bortower. If�hc totnl nf�hc paymenla mndo by Borto�ver j,''
<br /> ,�� for itmn(a).(b),or(c)1�insutlicicnt to pay iho itcm when duo,�hen Bortowcr�hnll pay�o Lcoder any amount neceuary to - y��
<br /> ,�! mnke up�he dcfidrncy on or bcforc�Aa dam tho itcm beeomca dua .�s,,?(r �:
<br /> •,� M uced in Ihia Security Inawment,'Secrclary'mwna the Secrc�ary oi Housing end Urban 0.ve1opmeN or his a her 7�� � �---
<br /> ? Amipneo. In eny year in which tho Lender munipny a mottgage insmance pmmium ro thu Sarcmry,each momhly payment -`tl ; _
<br /> 'r ahNl also includo cither. (i) an insmllmcm of ihc anmml mortgagc inxuronce prcminm �o be paid by Lcnder�o Ne :f :.. ...
<br />_�j•S;� Secrcury.or(IU a mon�hly chnrgc inucad of u mongagc insu�ana prcmium if thVs Sewrity Inswmcnt u held by che �.t3•�'4;:%+',���
<br />- ;r 9eeretery. Eaeh momhly inatnlimcnt of the mongagc insurance prcmium ahnll bo in an amaunt�umcient a eavmularo�he v�;k-`•`-���
<br /> .� full ennuW mortgago insurancc prcmium with Lender one momh priar to the dnte�ho full annnal mangage inaurena !�a�i i -��
<br /> �'��� pmmlum Ia duo�o tho Secrctery;or if�his Security Instrumem is held by Um Secrcinry,cach mon�Aly chnrge ahall be in nn �?
<br /> ` 'i amnunt equel lo onatwelRh of onahnlf peRent of�he outstending princ�pal balence due on�he Nota Y��? .e _
<br />-_�' If Bortower tenden m l.ender�he PoII payment of alI sums securcd by ihix Secudry Inxtrumem,Bortowerh account �' -
<br />-_=Gy �hnll be emdimd with the belanee rcmoining for all ins�alimenis for i�emx(e). (b)and (Q and my mongage in:urance `7 +i�:�
<br />�. �' P 8 P0Y �Y. P P Y �''"-"�
<br /> romium Insnllmrnt WN Lender hes nm become obli ated m ro�he Secrcte md Lender shell rom �I �efund any � �:;,._
<br />�--:�; exew Ponda to 6o�mwer. lmmediatcly prior to a forcclosure sale of tho Nopeny or itx ecquisition by l.ender,�ormwerl �.,;•;-.
<br /> ;g accaunt�hell be crcdited��ith eny bnlanee rcmaining for all installmenw for i�ema(e).(b)and(c). �-r `�-
<br /> -!� J�.�AQpIlcatton of PeymenL�. AII prymenh undcr Poregr�phs I nnd 2 sAall be epplicd by Lender es followa: �y'Y?+rn:
<br /> , E]g,gT,ro�hc mongegc inaurana prcmium to be pnid by Lendcr to�he Sccrc�ary nr�o tha monthly chnrge by thc �., ^
<br /> -t;� Secrcta inetcad of�hc momhly mortgagc insurencc prcmium; rl`x �����
<br /> �,� m any tuea,spocial azxssmems,leauhold pnymema or ground rcnta,nnd firc,tlaod and o�her hxzard -.a .
<br /> ���•:; nsurenccpmmium�,eercquircd; `�z;•"..-�
<br />�'�;'�� ]'t(1$Q,IOintehstducunder�heNae: [:;;�;�r.--�
<br /> .?.s tyuKffi,�o emonization of ine principai oi tne rio�c;
<br /> _+� �{,lo leta chnrges due under the Nota ' -:
<br /> � 0. FYrq Flood nnd OtAer Naserd Imurence. Oortowcr sh¢II in:um all Impmvcmcma on ihe Roperty,whether now �'��a;, ,
<br /> ;� In existena or subuqumtly crccted,againsi eny harards,cacunhica,and comingencics,including firc,for which Lender �i� + --
<br /> �--�� rcquirct insurance. This insurance shall be maimained in the amounte nnd for�he periods that Lender rtquircs. Uortower 1 f,��t�Y�,�,.
<br /> shell elso insure ell improvemema on�he Ro ny,whciher now in existence or Rubsequently erce�ed,egaimt lov by ftoods �,,
<br /> F`� to tla extent rcqulrcd 6y ihe Secrcmry. All msuronm ahnll he certicd with compumes opproved by Lender. 'Iho inwtence rh`�{e ��..
<br /> .F�j policies nnd�ny mnewals :hall he Add 6y Lender and shnll include lou payable clouees in favor of, und in a fotm �ji�`,�i�Y �-�
<br /> � acceptabbw.Lendec ' t� p,� ,.
<br /> • In�he evem of los�, Uortower shull give Lender immcdime no�ice by muil. Lender mny mnke proof of loss if not y� � ,
<br /> '�` mado promp�ly by Bortower. Each insumnce compang concemcd is he�eby amhori�ed nnd dimcteA to make payment for i@lr
<br /> .-;' euch loss dircaiy to Lender,instead of to Borrower nnd io Lenderjointly. All ur ony P�rt of the insurance protteds may De I�`��,4j�+?_,�.
<br /> `:,� eppll¢d by Lender,et ita option,ei�her(n)io�he reduc�ion of the indeb�Wnes+under the Note and�hla Securi�y InstrumenL �y�jf�' �
<br /> 1; first ro nny dclfnyucm amounis applied in the order in Paragmph 3,and �hcn m prcpaymrnt of principal,or(b)ta �he bV � .
<br /> -��a matorotion a rcpoir ot the damnged propeny. Any epplication of the proceeds ro�he principol+hn1i nat extend or posipone •l� ��
<br /> -;;,� Ihe due dme ot�he momhly pnymenu whkh arc referted to in Pnmgraph 2,ar chnnge the umoum of such paymenh. Any , � � �
<br /> - � excess inaurence proccede over an xmoum requimd to pny nll ouumndinp indeMednecs under the No�c and this Security �r.,,_3c '
<br />; � Insttument shall be poid�o�hc entitp Iepxlly emi�lcd thcmto. `�°:h);;___
<br /> ,'; .+ �,::'�;.
<br /> ; j ln the event of Porcclosure of ihic Seari�y Inqrumcm or oth.r�rsn:ter of iiile ro�hc Pmpcny�hni cxtinguixha the �;f,.-��.�,-:
<br /> __.�� Indcbtndncas.ell righL lillc and interexi o(Oortowcr in onJ�o Insnrance policicx in force shall p¢ss w ihe purcheser. "�� .
<br /> S. Oetupnncy. Preservatlon. Mefntenunce and Protecllon of the Property; Oarro�rer'a Lonn Applimtion; � � l :�
<br /> �`�� 1.eaaeholUs Bortower:hall occupy,cs�abliah,and uu�he Propcny m Bo�ro�vcr.principal rcxidentt�viihin sizty days ' ;*t
<br /> h nRer�he exewtion of thie Security Insuumen[and ahall mntinue io cecupy�he Propeny m Aofrowerk principxl rcsideirce
<br /> !�; foret Ieest ane ywr nRer the da�e of occupnncy,unleas ihe Secreiary demmiina thi.rcyuiremem will cause undue hnndship �d�r � -
<br /> �-'� for Oortoww,or unless extenuming circumxtances eaist which um M1eyonJ 6orto�veri comml. Bortox•er ahall notify t '
<br />_°ii%� Lendenc of any exunuating circumsmnces. Bortower xhall not mmmii wo.m m de��roy.Jamnge or su6stentially chan e (�'-`0-�:�.
<br />�=_�'�� �he Propeny or ellow thc Propeny ro dc�erinrata masonablc wear anA�ear czcep�cd. Isnder may incpcct�hc Property if�c :.(`�..;'a-.
<br /> _;y+� Propeny is vacenl or aAandoned or�he loan is in defaulL Lender mey lakc rea.nnable aaion�n promct ond prcxrve zuch ; � _
<br /> vannt or abmdoned Propcny. Bonower shnll also bc in Jefauh if Bovoacr.during�hc Inon upplica�ion proccxs,gave ^,
<br />� �� malerielly felu or ineccumte infomia�ion or sta�emenn �o l.ender (nr failed �a pravide Lender wiih nny ma�erial !��_ , ' -
<br /> ;� inPomiauoN in eonneetion with�he loan e�idenced by�he Nme,including,Am noi limiied to,reprcsenmtions conttming �t� •: �'
<br />:,_i�� Bortowerk oaupmey of 1he Roperty as a principal residentt. If ihi�Scrurity Inumment is an u leaeehold,Bortower shnll E: , ,';'�
<br /> wmply wi�h thc provision+ot the Icace. If Bortower acyuirce fcc ti�lc m�hc Propcny,thc Icaachold und ftt title.holl im� �. �-
<br /> Q;1�1 be mcrged unlcas Lcndcr ngrees ro the maper in writing. t , --�
<br /> -�? 6. Chargea to¢orrou�er and Protenlon of Lender's Righta In�he Property. Bartowcr xhall pay ali govemmcntel ,-
<br /> � `a or munfcipel ehmgea,fuke end impositions that ue nol included in Paragraph 2. Bortoxxr}hnll pay Ihe.�e ublipniions on ' ' :.
<br /> Nme direeil y ta thc cniity which is owcd Ihc p e y ment. I((ailum to pa y would advcrsely a(fetl Lendcri inicrcz�in Ihc t,�-..
<br /> � �� PropCrty,upon Lenderk rcquesi Uonower shnll promptly(umiah W Lender receipis evidencing�hece pxymentx. F'�
<br /> _=Y�� 1f DonowM feila lo mnke thesc paymcnta or ihe paymcros rcyuircd by Patagtaph 2.or(ails to pedomi any othrr : .
<br /> corenanls end�reements mmeined in Ihis Securiry Inxuumen6 or therc is a Iegal praceeding thet mny significantty aftect � ��
<br /> _-'},"+, I.eiMetb dghu n ihe Propeny(avch at a proceeding in banlwptcy_for condemnntion or to mforec laws or rcgula�ions). �,.�, ,,•.-.,�,.`.
<br /> .,� d�en i.ender mey oo nnd pay wnatever is nccessary to pmtm me vame of[ne rmperty and i.cndcr's rign�s in mc rmpeny, �p+1 �-� --,
<br /> `j� induding payment uf texw,hezerd insurance and o�hcr itcma mcntioned in Poragraph 2. (t y���
<br /> My emounu disbursM by Lender under ihis Pere$mph shall baome en edditionel debt nf Borrower and bc ucured �i��
<br /> by�if Suuriry leatnuncnt. Thex emounu shall bcar mtercst fmm the dmc ot disbursemen4 at the Noie ratc,end ot�hc �.
<br /> y o updon of Lcoder,ahall be immediatcly due end payabia �'`_ . .;
<br /> - 7. Coademnatlon. 'fha p�ooeeds of eny award or claim for damagea,diact or con x qurntiul.in connettion with en y "=-�'_-:=j�-�
<br />. ' condemne�on or othcr teking of eny pan of the Ropcny,or tor comcpancc in plaa of wndemnetion,arc hercby auigncd �--:.�= .=
<br />- end cAell bo paid to Lender ro the extent of ihe PoII emount of the indoMednw�hat Rmeins unpuid undcr the Note end this ?;A,;.::.-�
<br /> -` Searity GttWmcnt. Lcnder�hell epply tueh p�oceedn to�he rcduc�ion of thc indebudnw undet No Note end this Security ;/;�•:�•,..-
<br />- -��' ' Instrumen4 fusl to eny dcW'quent emounta epplicd in �he order pmvided in Peregreph 3, md thcn lo pmpaymem of -.:�=,-;:.:,
<br />-' prinelpel. My appllea�on o(Ne prooeede w�he pdncipal ahell no�extend or pos�pone the due date of the momhly �-,�:n:.;.,
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