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<br /> 1,P�ymtnl ot Y�ir�cigal�I��xtr�est�xA LRle Chary�e.[lorrawcr ehell��ay whcn dttr d�e piQ�elpAl oi',nnd Intcrcst on,�he cicb� I ' �
<br /> ,_1 cvldcnsr.d by thr. Na1a au��lrtc 4ir9rgr9►iuc undcr�hc Nato, _
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<br /> -.- -: • 1.RAasl�b 1�����e uR�'�xet�4��a�aaco wacl lDlke•�h�;ea.l�orra�ver ahRU inriud�In cach�nunlhlY paymcnt,tngelhr.r�vllh -
<br /> � � ` Ihe p�inGipal e�va At��etcxe A�eet P�,►.tN t�hy Nate and�ny Intc ct���otp�sound�r�r14�nihe Pra�jx�ynand(c1 Rt��f��n�ef�r -- --- --
<br /> ��'� � (evlcd ur tt+G��i�vied e�mfatt t0r. P,tt� r� �(b) ka�ehald{�aYm 8 ' -
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<br /> ". . - IesSU�ans�rr�ulrc�f bY��xrt�re�!►4. , -
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<br /> '.. �-- - � Qactt mon�h!Y 1n.tte.11s�n!fc!s it¢ro�ls?►,lb)and�c)�hel1 taat�l onc•t�+c111h oi 1hc anm�e�l amoantn,09�ru��mui�ty ryihnulcd Gy
<br /> - - - - L�tndtr,pl���on emAV��R 9uFflcicnt 1a mnlmain�n add111an�1 bN�.nce ot�at mcua than anc-sixth af ti►a cstimaud amrn+ns+.'!'he r .: --. -"- - --
<br /> f�1U p1�A�D.qJ tit�=4+1^A �q� t716h Il,a�ehnll ba aaumul�tc�d by Lcndci wUhln n period cnding onc month bctorc an item woutA
<br /> � br.cosnr,dCllct2UP�ri,l,endcr thnll ha1Q tho amauata colltcied In ttuat to nay items(a)�(b)un�t(c)bePare they become deUnqttent.
<br /> ' (i at anY tt�rta Ihr,totp.l aP thr.pnymcnte held bY I.�:ndce fur Itcros(o)�(b)�und(c),togcther with Ihe fuwre manihly pnytrtente
<br /> for iueh itRma P9aahtn to ll�:ndcr prioc to thc due datea oP cuch Itcnu, caccccb by maro than onc•efxth ihr.csdm�ted nmount of r•
<br /> � � p,yp�ttr,n�.vi ce�u.rcd aa gay atu;h iteme when due, and IP paymcnts oa lhc Nota era cuacn4 then Lcndcr siudl cither rcfund�hc
<br /> excr.ss ovpt o.nr,.sixth af 16a e;�tlmnted pnyments u�credit the excess aver one-61xth of 1he estlmatesl pnymenr.s to subsrquent .
<br /> p9,y�r.nbt by Rorrawcr, at thn o�tt.+on ot Borrower, If tha t�tal ai thc pnymenu madc by aorrowcr fo�Itcm(n),(b),or(c)is
<br /> -_---;'„, --- �rtnuittctcnt ao pay li�n{l�u��hat�du�,thCil U{3fi���f nh:.lt p�y to l.:.trtcr^.n1'tunottnt n:te.�sty tU mnke u�Ih!!�!'n�lrnry nn nr .. , .
<br /> .. ' , b��fa�c tha d,�tc thr,itana b�:�w�tr,�dvr.. •
<br /> ' ' ' Ay utttl im lhi9 Seci�xity la5t��tr��r,nt, "5ccretary" mevta the Secretary oi Housing nnd Utt+an Develapment or hir or heT
<br /> deFtqRr.G.Mn�t Secuaity Tn3t�umr,nt�Insured by the Sccretary ara Insurcd undec pragrams wMch tequlre aAvnnce payment of the .
<br /> • � cn�lrc t�,�+tt8ayl�trtsw'tN,�Pr�cmJnm.It thb�ccu�ity Inet�ument t�ot wu�Inaurcd undcr p pragrsun which did not rcquirc ndvnncc • ,
<br /> � ' p,9vmr,t►�qf'r.ha en�t�4�rnttqo�n Iilauranco premium,thrn each monthlY pwymem ehall also(ncludo eithr.r.p)an Inctallmant af ehu .� .
<br /> � � ann�l��irt,nrt�nat:invWrttrs�;t;ptcmlum to be pald by l.endet to the Stcretary, or(ii)n mos�thlY chnrge Instcad of a mnrtg«ge ,
<br /> � insur.ortnt p•eml�irrl•.if thia�.curiry Instrument is held by Ihe Sccretary, F.�ch monthly Installment of th�monBn�l�1nsurance ••',1'"�
<br /> " _ � . ' � pas�nl�tn'►9tu�lh�b+s in,9u xmnunt sufpcient to nccumulate�he fuU annual mnrtgi►gc insurnncc prcmium with�.cndcr one monih ` _
<br /> pxlox t��h�t dnte tM;f10�nnnuul mo�tga8e insu�unco prcmlum is due to Ihr.Se�seiary,or ii thie Secudty Inrtrument is hr.td l.Y tha , :
<br /> • Se�rMary,ench mrnar.t�,r chnrga shall be iri an amaunt equed to ane-hvelfiC.�1�one-hnlP pr.rce.nt of thu outatnndinp�rincipal . , ki- .�
<br />" ' ' . 'r 1�114N;A dVR OV A[Y!NOtR. � .. '�. .
<br /> • • ' IP R�srpwet tcndaro to AMndcr tho 6uli payment oP nll sum9 securcd by tMa Sccurhy Urrtirvme.n�.Botrawcr's���count c;ha��i be �i ; _+,;:� :� ,
<br /> cred.U�M wtt�i tC.n balanco rem�ining for all instnllments Par tteme (n). (b) nnd (c) unx0 em,+ �nprtgode� inF��rsnsc pre�cu�m I' , +"
<br /> in;��alln�ant a'.wt.lr.nder ha9 not berome oblignted ca poy to tha Secreic►ry,and Lettdet shnl!prompAY refu.dd�+�r+eaccKs N.nds ta � ::;�;;_,.
<br /> ''� ' , c��re(fP,�WIL�19ny bnlnnco rcmalning for'a1J ins allmcnte foP itcp�1(n)t lb)and��j on by Lcndcr,13orro•�c�'s:cco+��t s.��itl bc :
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<br /> �,AjppUcaUoo ol A�ymenb.All puymcnte under parnRr�phs 1 flnd 2 shall be appticcl h�r 4Cnder os fot2uws: i
<br /> � -t C ,to the monguge insurnaca prcmium ta be pnld by Lender to the Secretary or te thn roanthlH charge by thu Sc�YOU�tY j �.:
<br /> • • � assteud ot th¢monthly mortgagc insurnnce premium,unless Dortawer pald tha cndre murtgn8e insuranGe pr�mlum when fbia �•
<br /> Security ituuument was slgncd: :;�+"
<br /> ' S$�(� D.ca any tnxes,specinl assessoients,le�sehold puyments or grouud�rr��a.�3nd�re,fload nnd e�th�T hnr�o�a inFOr.zncr ,`t,.;; �
<br /> � - ` -` ptemlums,t�s re$uirc3; ` .,.` �.,,
<br /> ; � . �H 1�,to is►terest dut under the Note; ' ��
<br /> ��,.. UR ,to t�mortlzation of.ehe pdncipal of thc Note; ,
<br /> " ' �g T�,to lute chornca duC unt4cr the Notc. ';'�
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<br /> � • - p,Fire��iaati�ad pthe�}irsMrd ta�ar�ce.Eorrawcr shalt insure a!!!r_�p�e�cmenw pn tha Property,wnethcr now in e�iaionce � �
<br /> ur aubscqu:nlly erectcd�A$I1�09!tqly NN1AC(19,casu�itles,ancl continttcncies,including flrc.for whlch I.ertder rcquires insurance.
<br /> Thiv in.9usaace shull bc maintained in tlie amounts nnd for the geriods that Lendcr rcqutres. Sarrowes chz�'J also insure oll 'I
<br /> im�uaveme�t�o�the Properiy,whclher now in exlatcnca or su9srp�ently erected,against los9 by floods to xhc extent rcaui�ed by
<br /> the Secretnry.All insurnnco shall be carried with companics ar�roved by l.ender.The insurtutcC policics acid anY renc�vttls shnll ,
<br /> be held by Ler..:1;��nd ehall include laos payabla clnuges!n i�ivar of,and in a form ncceptable to, I.ende�. I
<br /> In tho eve�t of loss,Horrawer ahflll Bive Lcndc�immedlate noticc by ma'sE.Lendcr may mako prooP oP loss if n:t mudc prompt- { �
<br /> ly by Borrawe�.Each insurflncc compuny cancerned is hereby authoritai a�3 directcd to make paymont A�c su:�.'+(�ss dlrectly to I
<br /> � L¢nder,lnstead of to Bortawer and to Lender jolntly.AU ar any p.�+rt of z1c insurRnco pracceds mny bo ii�;,".ied ay i.ender,nt►ts
<br /> • .;;�:, ,, optian,either(a)to the reduction oi'ihc indebtedncss w�der the Note and this SecuritY Instrument, �i:st to t+ny delinquent
<br /> ,7; ";v;;,1:�;• amaunts app]!ed in the order in f'aragraph 3, And then to srenayment of principttl,or(b)ta tho restoration or repair of Ihe i
<br /> damaged proyerty.Any aypliCUtion of tha pracccds to thc principal ahall not extend or postpona Ihe due date of the rr:.nthly
<br />_ � . puyments whlch are reie�red to in Pars►��aph 2,or cha�8o tha amount of such paymonta.Any excess Insut:t.hce proceesis over an i ,,,,
<br />_� � . ;�.� amount rcquired to pAy all autstandin8 In�acbiedness undet the Note and thi3 Securhy Instrumem ehnll be�caid ta thc entity le�al- ;,.
<br /> ly endtled thercna. I . ,�`:���
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<br /> dcbtedness,alt�i,htrtitlo and i te e�st af Borrawcrfin nnd orinsurance polictes int'Porce�shnl passrto thatpurchascrhes the in• i
<br /> � 9. Preserva�ul�nn and M�IntenAnce ol/ho P�operly� IR�sehoid+. Borrower Rhall nat commit woste or dcs►roy,damu6e or �
<br /> aubstantlalIy cRango lha P�openy or allow thq Propo�ty ta deteriorate,cea.conabla wear and tear excepced.4ender may inspect i
<br />— the property iE cp:proparty is vacant or abandoned o�thc loan is in def�u!t. Lcador may take rcasonablo actian to protect and
<br /> � preservo such�acs►nt or abandoned property.l P thic Security Instrument is on a leasehold.Borrawer shall camply with tho provi� i
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<br /> slone ot the Iease. 1P Honawer acquires fee titla to tha P�ape�ty,tha Ie2sehold and fce title shull not be mergcd unless Lender
<br /> agrecs to thc metger in writina. !
<br /> S � 6�Chsrges E9 Horrawer and Protecqoa af LcaAct'e Rights la tho Proprrly.Aoreower shnll pay ull Go�ernmental or municipnl ;
<br /> charges,Pu'es�nd impositions thwl u�c not iacluded in ParaBruph 2. BorTawe�shall pay thesc abliEatlon�on timo directly to the
<br /> entlty whIch ic owed tha paymcnt.If failure to pny would adve�sely affect l.cndcr's intc�est in thc f'roN'erty, upon Lendor's re•
<br /> -' qeest IIorrower shaU prompQy furnish to l.endor receipcs cvidenci�g Ihesr payments.
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<br /> It Bortower fails to mako these payments or tha p�y�nents re�uired by Paragroph i,or fails co pertutt►�any othes caLeaants an .
<br /> � agreements cax:tained in this Security Instrument,or ihere is a Iegal proceeding thAt may sig[eificnntly affect Lender's rights!n
<br /> tha Property(s.�nch ns a proceedinp in ba�kruptcy,Por condemnation or to enfotce laws or rc6ulations),then Lender muy da and
<br /> - pay whutevcr ts necessary lo protcct tho value of thc Property and Lcnder's rights in the Propciyy,includina payment oF taxes, �
<br /> hazurd insurance and other items mentianed in Paragraph 2.
<br /> � Any umounts disburscd by Iende� under�his t'n�agraph shnll bccome an additional debt of Borraw•er and be secured by�his
<br /> Security lnstrumem. Thcse amounts shall 6car intc�est from thc datc ot di�burscment, at thc Note rate,and ai �hc option af
<br /> ; Lender,shall be immediately due nnd payablc.
<br /> ' 7.Gondemnndon.The proceeds ai any awa�d or claim for damnge�, direct m consequenUul,in connection wuh nny condem•
<br /> nation ar other taking oi any part of the Propetty,or ior conveynnee In place of condemnnUon,nre hereby assigned and shall be
<br /> .S paid to Lendoc to Ihe extent of the full amount oP the indebtcdness that remains unpaid undc�ihe Notc and this Sccurity Instru-
<br /> � ment.Lcnder shup appiy such proceedv to Ihc rcduction of the indcbicdncss under the Natc and Ihis Security Instrument,first to
<br /> ,� u�y dellnquent amounts applled in the order provided in Paragrnph 3,and then to prepAyment oi principul. Any�pplicatian of
<br /> thc procceds to the principul shall not extend ar postpone thc due date oi thc manthly payments, which arc referred to in
<br /> :I Paragraph 2,or chnnge Ihe amow�t oi such payments.Any excess procecds over nn emoum required to pay all auistanding in•
<br /> ,�j debtedness undcr the Note nnd�his Security Instrument shall be paid to the entity legully endtled thcrcio,
<br /> !t
<br /> E e,�r�,Lender moy coliect iees t�nd chnrge9 authaHzed by the Seeretnry.
<br /> �y PuRa I��I I �
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