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<br /> � . 10�1492
<br /> 1. p�p��nt o!p�dpat,Wtemst end Lete Cfiarge. Borro�ree edsll psy MicnAro tho prlaolpat of.end fniutiton, -- _- - _
<br /> _ WeQeLtor(dena4DythoNotqe�dlewehnrgadcpwduthoNota -
<br /> -- 2; rylpnt�ty pf�ments ot 7bxea,Insurana Qn0 OtAer��s. �ortowu ehd!include in tach mon0ly Dayment,
<br /> --- togeQ�er with tha yrinelpal and Litcrtrt a+set tonb In U�e Note er, enY ete chuga,an iris�eilment oT eny(N fa�cw aild
<br /> eyeclat eueumentalovled or to be Ieded ngeinst the Properry.(b)teasehold paym:enu or growd ttnta on the Property,end —
<br /> � (a)Dremlum�[orinauroncerequirtdbyPare phd. . ._
<br /> -_' Bach mon�hly lnstallment for items a).@)and(c) shell equal ono-nvdf�h ot�e anauel emounta,e�reasorably
<br /> — esttmated Dy Lendw,plu�en amount s cier.t to m�intain an addidonal 6alance of aot moro Oun onMUnd of the
<br /> �'°+T�! esdmated emowu. '[ha NI! en;.uai emount tor each Ilem�hall 6e aceumulatcd 6y I.enQer wllhL��pedod e.adtng one —
<br /> � - mot��f Detoro ea Item woutd bccano dclinquem. Lcnda shall dold tlw emwnta collected In dust to pay items(e),@)and _- _ -. . ...
<br /> n (e)betorothey6xomedelinquene -
<br /> � - If et eny dme the roul ot�he piymenta Ae1d by I.enda to:itema(a�@)svd(c),�osether wlth tho fuwro mon�hly
<br /> paymente for eucb itema payabie to Lender p�lor to tAe dae datea ot auch ttema,exoeeda by moro�hari ono-elxeh the
<br /> �-�� eaUmated emowt of paymente rsquired to pay wch ieem�when dua eiul If pa enu on�he No�e are curter.6�M1en l.ender -
<br /> r{it� ehall eltha ntund the excw over one-sixih ot the es[Ina:ed paymrnu or c�he exass over one•eix�h ot4*.e uWnnted --
<br /> paymencs ro wDsequent paymenu by Bortowu,ec tlw opaon of Borrower. It the[o�d of tha puymem�mede by Bortowu `�—
<br /> ;-�° for Item(e),(b),or(c)la Insufticlent ro pay tlw hem when due,then Hortoxrcr ahell piy to Lender eny emount nuessary ro _ �=---
<br /> h -.,�� make up�he daflclency on or bePoro the date tlie i:em beama due. --
<br /> a p�used In thia Securf�Inswment,"Seerciery"muna the Secreary o[Housing md Urban Development or hl�or het .
<br /> 't'- dulgnta In eny year in wh ch the t.er.der mus[pey e mongage inaurance prcmium to tho Secremry,eeeh monthly paynem � _
<br /> � � ' ehe�l alco I�lude efther. p) m instellment of the annual mongage inw�enw prcnium to 6e peld by I.ender to the T�
<br /> '� - - Sarctery,or(8}a monWy cherge Wtead of e mongeae i:uurerrce premium If tLb Secwity Inatrument ie held by the ,;�_-.
<br /> 't x Sarctery. Baefi monthiy Instel:ment ot�ha mongego inswanoe premiun ehcil ba In�n emount�uff3cient to eceumuleie the � x.�
<br /> t ;k,_. full eanud mongage insumnce prem:um wi�A Lender one month pdor to the date Ihe Poll ennusl mongega insuru�a r�_
<br /> - qemlum la due to tha Secruazy,or if�his Securiry(nsmment Is Ix(d by tM Secretery,each monthly eherge�hetl bo in an �-,- -.__._._.
<br /> �t �q:>� enount equel to onetwelflh of one-half percent of the omstand!ng principal bala�rce due on the Note. z,.
<br /> . ��#+..,.._ ff Bortower tenden w L.ender the tull payment of all sums cearcd by rhle Saudty Instmmer.4 Borrowerb account r ;� .
<br /> _-:. ;`i`::p` shell be crcdited wi�h�he balena ranaining Cor elI ins:ellmente for itema(a).@)end(c)and any mongege fnawance ,:,;fa,;:`="_=_.
<br />��.(?� Y:;.2 prcmium installmrnt that Lender ha�no[beeome obligaud ro pay to�he Saretery.�nd Lender sAall promptly refund any s,;t,ii,}�`_•.-- -- �
<br />- '��a`-^�`� oxces+funda to Bortower. Immediately pdor ro a foreelosurc mle of�he Propeny or(u�cquisi�ion by Lender,IlortowerY . .
<br /> s {���; aaount�hell be credited uith wy belmce remdn!ng for di instellmenu for iiema(a),@)md(c). �:; `-"-
<br /> ;�-jy ; 3�. AppIlcxtion ot Paymen�. All paymenu under Perayephs 1 end 2�hall6e epplied by Lender m followe: ���i F-. �
<br /> - t � N�KS�.,to tha mong�ge insurena p:emium ro be p�id by I.znder�o the Secrctary or ro the monthly charge by the ,� '+�a�; t =.
<br /> ,�,�?-.: Setra inrtead of ihe momhlymongege insurenapremmm; '„...-?:� '��-!-.-- ==
<br /> - ��: �to eny texa,special essasmenu,leasehold paymema or ground rcnu,md firc.Flaod end other hazerd ,,� - ,•:s�'},L� - _
<br /> F '+j� InaurenwprcMu:na,urequired; .'� _.
<br /> }ry A, `, to intercct due unda the No�e: � �� ` :_
<br /> �� �.M EmMSz•linn�th�principai ot 1he Note: N 4r�L+nF _
<br /> �,lo lale cherga due endet the Nota 1 ssrri�: � _
<br /> t -� 4. Fire,l+lood end Olher Hezurd[nsurtnce. Bortuwer ahnii iroure:tl improwmams on�he Property,whe�her now -'� v f �
<br /> '- "S,��y (n uis[enee or subse�uent:y erccted,against eny hazerd+.cawehies,md contingencia.including�re,for whleh Lender �` .-;�i,;�G_;
<br />�-�':Ya';�.���, ultea Insurence. This insurance shall 6e maima(ned in the emocnu and for�he periods that Lender requircs. Bortower '<-`.'�r-;°��:�':£:^ �-��-
<br /> + -`-; hell alao iasure all improvemenu on the Ro�ny.whe�her now in cxis;ena or subsequemly erected,egainst loss by flooda , .;�'` 't a �"'�,_
<br /> i .
<br /> __t,�.,,._, to the extent required by�he Sarorc�ery. All nsurence shall be certied with rnmpames approved by Lendee The Insurence ,.: r �t.�q�r.---
<br /> policiea end eny rcnewals ahell be held by Lender er.d shall ir.clude loss payable clauses in fevor of, er.d in e fortn -S �"6� "� .�j4-
<br /> +:f�% aacp�ebleto,Lender. �-- r� i �=
<br /> ,,, < In�he event of loss,6orrower shell gire Lender i:nmediate no�ice by mail. Lender mey meke proof of loss if not - ? fh �`�_-.
<br /> mede prom dy by Bortower. Each insurance wmpany conttmed is hereby nmhoriud and dirccted�o meke payment for �_ `%� � r({b�
<br /> _ 2;is.' such loss d,Frecdy[o Lender,ins�ead o(to Borroxer and w Lender joimly. All or any pan of�he insurs�m proceeds m�y be ..{..154 ,-;,.;!: E_-f
<br /> -� :i'_-; epp1iW by Lender,et its op�ion.ei�her(a)[o the rcduaion at ihe indcb�cdnezs under�he Rote end this Suurity•Instrument. -- ,."..''� „����'-.
<br /> � � - -,, ftrst ro eny delinqurn� emounts epplied in the order in Parngreph 3,e�d�hen to prcpayment of principal.or(b) �o the _ � n . -�
<br /> .,'_.FS ;; rea�oration or repair of�he dnmusea propeny. Any application of�F.e praceed+w�he principal sAall not excend or postpone - ,� �� r � . �'-:-
<br /> the due date of�he monthly p¢ymenn wh�ch ere feferted m in R�mgnph 2,or change the nmoum of scch paymenis. Any r - ' 'f �. - ;--.
<br /> -:� :r� exceas insumnce pmtteds over an amount reqcircd to p�y ull outstendmg indeb�edness under�he No�e and th�s Securiiy .- j --._`�
<br /> -.t.- Insuummt shell bc paid to�he emi�y Icgolly emnled thcrcto. ; a 1 + �>�
<br /> _- .2 In lhe evrnt of torcclosurc of�his Security Insnument or o�F.cr�anskr o(�ide�o�he Propeny�hat ex�inguishes the ` - ° � ^_
<br /> ..5 :,-.�..
<br /> -;+:,r_���, inde6tedness.ell right,titleflnd in:eral of Bortower in and toincurancc pnlicics in fo�.c JnJi Ercu+w the pu¢haxc - :;�j-�i; � �----
<br /> S. Occupency, Preservatlon, Meintenance ond Protcetion of the Properry; Rorra�rer'a I.oan Appllcelion; -',�; ���
<br /> 1� -�71� . [.eeseholde. Bortox�er shall ottupy,eslabli>h.anJ ux Ihe Propeny a� Bortm�rr's pnncipai rcsidence wi�hin sixt�days -- � -�
<br /> aRer 1he exetulion ot lhix Securi:y I�ttirumem md shall cur.�inuc 10 occupy ihe Pruperty aa Bortower's principal revdence � ` � _,�,
<br /> '' �' for at leatl oM year atler Ihe dale of occupancy,uNex Ihe Samury dN.emiines�hi.rtymrcmem will ause cndue hardchip x�
<br /> ' '� for Borrower, or unless atenualing circurtislances exist ahich am Myond 6ortnoeri comml. 6otrower sheli m[ify r�
<br /> _r-,..;f�, Lenders of any extenua�ir.g circumslances. Bartower+hal l nol commit waqe or desvoy.Jamage or aubqonliai;y change � _
<br /> . lhe Property or eilow the flopeny lo delerionle,rcasonable xcar aad ltar excep�ed. Lender may mapec��he Roperty if the ( _
<br /> ': Praperty is vecant or abmdoned or Ihe loan is in de(auh. Lender may�akc rcs•onaSle ac�ion lo pm�M nnd p¢urve such [ _-
<br /> " " vaca�l or e6andoned Ra rt �ortower.F.all alw he in defauit i(B��m�w�er,dunng�hc lam applica:ion p:ocesc Fxve I - -
<br /> 5. •, � Y' .
<br /> y ma:erially falne or inaccuratc m(ofmalion or .�amment� �o LenCer (nr (aficd lu p:o��iJc Lcnder with any ma�erial � .
<br /> informanon)in conncction wilh�hc Inan cvidcnccd hy�hc Ymc,indoJing.hut not Inna<d tn,rcprcmmations conceming E � � -
<br />- Bortowerk accupancy o(�he Proper.�a+a prinnpal rnidrn�e. II�Mi.Secumy Imvur.:rm ie on a Irasehnld.Bortower shail `" � - �
<br /> eonply with the provisiom o(�he lea�e. If Bnrtoxcr acquire+fec G�Ic:o�he 1'rapen��.�he !ca.chnld and fee ti�le+hall no� +�•
<br /> _ be merged unless Lender agmes�o�he mcrgcr i�x�ri�ing. [
<br />- 6. Cherga ro 6orrm�er and Pratectlon o!Lender'x RlQhts in Ihe Pruperl�. Borruwrr.hull pay all gocemmemal �
<br /> -- - or munieipal eha:gc�.fina and inpo.•itiom�F.a�arc w�meluJed ia Paragraph 2. l3nrtrn�rr.hall pa.�hc.c obiiga��om nn --
<br />-- time dircctly ro the entity which i.o�.ed the prymrm. If failure w ryy unu'A JA\fN'IY ]��fCI LfOAC(4 1.^.IfT�I III Illf '
<br /> - Property,upon Lenderh rtyue��Oortna�er shall pmmp�ly fumi.h m LrnAcr recefp.�cridenring�he�e pa�mcme. !-
<br />� ';.(�:": If 8ortox'er fails lo make Ihex paymenN nr the pd)'menl� :cymttJ M1y P�ragraph' or faih In peAorm anr olher
<br />. . - ,1-� eovenanis and agreememscomained m thi,Seturity InammeN,or Ihere f�a Itgzl pmceeJing Ihai ma�'+ignificanli��affeci � _
<br /> Lenderk righ�s m the Propeny Isuch as a prtsttding in Fantmplcy,far condemnaGnn ar lo en(omc lax��ar Rgutninml.
<br /> �h.�f a�.1r�mav dn nM mv ohaw�r i.nrrc.vrv m nm�crl thc valut of�he Roncnr:md LaJer.riehl�i�Ihe PruDrnr.
<br />. '�•�=��= includingpaymenroftaxes.hvafdmwnr.cemdothrnmm.menGunnlinPuagraph2. � � _-
<br /> �_.'_,'- Any amounls disbuned by Lender under�h:. Pamgraph.ha�l t+ecomc an adJibaaal dcM ol Burtowcr and lR�ccurtd i _�
<br />.,��- � --' ' by Ihis Stturity InslrumrnL "IMu emocnis shail bcar mtcrta from�hc da�c n(JiaM1uncmcm.at�hc Nntc ra�e.ar.d ai �he
<br /> -t� � � oplion o(Lender,shall be i:nmcdiately due and payaM1le. �
<br /> _ _ _ __ 7. Condemnetfon. The praceeds o(any ax��rd orclaim for damage�.direa or cn�seyucn:ial.in cnnnec�ion..i�h a�y _
<br /> �'� eondemnatian or other teking of any pan of the Pmpen��,or(nr convey�ance in pace n(condenr.aGon.am hembr a�vFneJ . .
<br />� -'-�?,, and shall be paid to Lendcr m ihe ex�rn�of�he fu:l amount of�he inJcStcdr.a��F.at rtnain.uapafd um:er thc Nmc anJ�hi. .
<br /> :����.�;��� Saurity Inslrument Lender sha:l app�y such proceed��othe rcducr.on o(the indehiedne.c under�he No�c and�his Securiq� '
<br /> �:s`v%=- Instmment, first to my del:nyuer.t anosnh applicd m Ihe uMer prorided in Pangraph i, ar.d lhcn to p`cpaym<m of �
<br /> _ principal. Any �pp:icelion of Ihs procced.lo�hc prir.cipal .hall no� cx�cnd nr po+��mc �hc duc dmc o(�hc maathh i
<br /> i
<br /> `•l'��'� �pir2./fry.c�.�
<br /> ��t;, " �.____ "_ ._ . --_
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