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<br /> �� Yi�G�i{FIR.���������www(��1RJ�G. . . . '
<br /> .' Z<���lNf��!!e��!!!��!1' �!t�li��OC111�!`U!�,�o�t����* .. ,
<br /> < to�er wiHt 8ie pri�d�aa�--as sN toN►ie 8�-�bt��ng taee siprg�es,aer n�rit a�aeyr ���xes arid
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<br /> �as�e�t�iea,orw be�w;ea.�ac we rrope�,,ro��a�ow�,rmm�a�.�an m� ,a►a
<br /> (c)ptea�iums for��eqpino�hY P�pb 4• � � ` ` ` • �
<br /> •Pach mootWy�for ite�as{�}.�2 md'Cc)sTiaII o�ul aot-twelf�of�ie�oanwt mawnts.�=e�ombls -
<br /> -- �bY 1-�adeti �n � ��{a m=b�min an sdd'it�onal baTurc bt'mE�oi+e�n a u a�s i�i c t�a�f t l s c- - .
<br /> � �� �tin�ed spn�mts. �fuQ aanosd�for ach ioem sdi�ll.be a�cumr�ted by Irade�witld4n s�paiod endin�aoc �
<br /> n w�M h b d'a r c m�t a�wroui�bceane d e l h q�. Lender stu�hoW!h�a�namus ooffec�ted,in trust��y ioeim(s?+4b}�od•, `
<br /> tc3 be�ae�t4.9 be�aae ddi�ax. . • . , ,
<br /> . . .Jf p an;r tpne�e.talat d t5e deltl.b!►l.arder for items ta),.Eb)artd(c), �itb tl�fdduie mae�Wy
<br /> � p�,y�ppus fur such�te��apa6k.to��prior`to tbc due darcs o€s�rch iteat�.- by ma�e t1�a ano-sncd►tha . `, ,
<br /> e�mfied amonnt d`�ymer�t ttqvued W sun�itea�w6a�dnt�.a�d if m the Na1e a�e curnart,t!�i.e�d4r •
<br /> ` , ,sLwll.�ntimd tlie��sc otrtt aoe-�the�p�ymaus ar ct�t�e exce.s��ovsr aoe-siztltof the aitnmated
<br /> paY��g�P���Y Banvwer,at th�optiaQOf Barmwer. If t6e t�i af the pay�t�s u�de bgi Bo�r ,
<br /> � _ for itea�(a�.N),ar(c�is�cieat to pty the i0em wLen dbe.tbm Bartower s6�li PaY to,L�d�a�9 atno��'t° �
<br /> maice npt6e de�icieacy aU ar bafa�die due die�Uernrnes do�. ' ' ` �
<br /> . . . As used itt this Socariry Serntary"ma�is t6e Secr�tary of Ha�siag aod Urban D�evetapa�ait or 6is'ot b�
<br /> .'�S� ��Y Yar in wMch�maupay a mo}tgpge msu�e�wn m the Secretar�r.each�1y P�Yma�t ..
<br /> � ghsu also include eitl�: �i)� a�ena of t6e�al n�8age ;nsarance prcQrivm w 6e�id By r.a�aa to�thc • .
<br /> = ` Siec�►.a�(�a momhlY d�e ia�tead of a moitgagc�p�if�tdis Seauity 6�sunanau is lreM by tbt �
<br /> -._ ' Secntaey. F.xfi mont6ly�al�a�t of tbe a�aM�ia�uaoa premium s6ait be in ae smauat sufl'i 'cu�rt to aoc�mWa�e�e .
<br /> - flAt�Wi mattgage �e p�mdum wnh ane d+onth pric+r to�e d�e�e fnU amwl mort$a�e �au�ee •
<br /> _ pnmium is due w tbe Sxn�y:or if this Saaaicy Ia�mept ia bcld b�r tha Sa�r�etary.ea�b rt�aathIy cl�rge sbaU 6e ia aa
<br /> -_ wrwilnt�qwl in aio-tweiftb of aaahalf peioent oFthe a�sqnd'mg prmcrpal bauance a�e on tbe xote. . .
<br /> -- If Bamwer tendeia to i.ender the tblt paymmt of atl sums socuced by d�is Security Im�m�t.Borrower's�ocauu . �
<br /> `= shail be ctzdited arith tbc balaixe�ema�ng for aq install�for itans(a�(b)and(c)aad any matgage incorat�ce
<br /> "` p�emimn insa�llment tl�at L,ender hai not hxanie obligated w pay ta tde S�ry,and 1•�shall pca�pptly n�imda�r
<br />. �� e�cess ftmd.t to Boemwer. inxne�iswely p�ior to�foaeclastue snle of�Ae Fnopatg_ur its a�is�byl6nde�Harower's� —
<br /> • ac�unt shall be cntited with any Ir.ilarxe ternarmng for atl instaAments for ioems ta),(b)a�(c).
<br /> 3►Applk�tlon d Pl�ymeats. All payaunts w�der Psrag�aphs!azd Z shall be applied by l.atder as foUows:
<br />- ' �,to the gag e u�anoe pnenrima to be paid iry Lender to the Secretary�w the monthly ci�e by t6e
<br /> � Seentaty itntead�of d�e monthiy mostgsge insurance ptemtum: .
<br /> -. - ' ��:°''• . �,to any ta�es.spe�ial assessments.leasehotd paymrnu or.grotmd t�ents,aad�fire.flood and other hazaod .
<br /> uisuc�nce ptertuums,as .
<br /> r � �Q,w inte�est dae��Nar. _ � ' .
<br /> es
<br /> - - ��"" }' ' .�]j$�j�.w artwrti�of the pcincipal of the Note: , - � .
<br /> �- ${�,w lsroe charges due m�der tf�e Nate. �
<br /> • � �,�o,��.; 4. Fh+e.Ftood and Ot6er Haxard I�aranoe. Bonower shalf iraure ali imQrove�nents onthe Pmperty,ahether now ,
<br /> , r.�1;-,, � in enistence or�y aecced.aSaiast aaY ha�ards.casualtic+.and comingencies.i�luding fire.for whicb Lender
<br /> • ..�.. � . nequh+es�ce. u insuratue sha116e maintained'm the amounts and for tM periads that Lender reqaires. Bormwer . -- -
<br /> '� .;;.- --,- :, � shall also insure all impmvemeras on t1�e Property.whether now i�e�cistence ar subsequently ere�ted.against loss by tloods - ----
<br /> - ~ `��''^. w the extent iequired by the Secretary. All insurance shall be carried witb compuues apprewed by Lender. 'Ilie iasurance =�_
<br /> "..�r.., . ,, . •. _ _
<br /> : �., � pollcies and any renewals shail be hetd by Lender end shall include losc payable clauses in favor of.and in a fortn -
<br /> �$� . , aaxptable ta 1,.ender. :_}�'�
<br /> �::�a��.;=`� "; in the event af loss,Bomnwer strall give t.ender immediate notice by mail. L.�der may makc pnooP of loss if nat -= ;,,;�
<br /> , �,, :,�:`; - .r�",, made promFtiy hy Bormwer. Each inswance company concemed is heneby authorized and��cted to make payment for <-� �-
<br /> _ ^�^�.;4,.:_... sueh loss d�nctly w Lender.instead of to Hornnwer and to l.ender jointly. AQ or any part of the insurance proceeds may be ,:�;, _
<br /> .,���-;,; : . r i e d b y L e n d e r,a t i t s o p t i o n,e i t b e r(a)[o t h e r e d u c t i o n o f t h e i n d ebted�ss ander the Note and tAis Securi t y[nsaoment. - - --
<br /> •,. .... app
<br /> . -- _. .:,.,: :..- " frst w any delinquent amounts appfied in the order in P�°aph 3.and then to prepayment of principal.or(b)to the - .
<br /> .u.,;; ,. i t„.: nswration or repau of the damaged propert�r. Anya�ticalian af tha proce�ifs to the pnncipal shaU not excend or postpone .
<br /> the due dute of the manthiy'payments which are�efed+ed to in P�tagrapfi 2.or changc the amount of such paymenta. My
<br /> :�;�•• - eacess insurm�ce proceeds over an amount required w pay al!out5tandmg indebiedness under the Note and this Se�urity •
<br /> ,. . Instnrment s1mi1 be Qaid to the entity legal)y enGtled thereto. _::
<br />. . - In the event of fareciosure of this Security tnstrument or ather transfer af tide to the Propesy that eutiagaishes the -:x-_
<br /> --- '�.' -� indebteMess.aU right.title and interest af Bortower in and to insurance policiesti in force shall pacs ta the purchaser. -=
<br /> 5. Oocttpancy, Preservation. Mainten�nce and Proteclion o!the Property; Borrawer'g I.oan Applicatlun; .- -
<br /> . - LRasehokls. Borrower sha)i c�ccup ,establish.and aso the Property as Borrower's pnncipal residence within s�xty days . -
<br /> e y
<br /> ' ;:::�^�.. , . after ibe execution of this Security Imtrumem and shall continue to occupy the Piropcny ac Borrower i:principal residence
<br /> � . for at least one yesr atter the date of accu�anc�r,unless the Secretary detertninew this requir.ement witi cause undue hardship .
<br /> : .
<br /> . : ,�,,,.�`.�-..� `_� __ for Borrower, or untess extenuating circurristance� exiti� which are beyond Borrawers cantrol. Borrower sha11 notify �
<br /> . . .._. ._ I.endets of any extenuating circumstances. Borrower slmll not commit waste ar destroy.damase or w�tantially chartge =.. ..-- --.
<br /> : - '• ' , '' :_ the Property or siMw the Pmperty to deteriorate.reasonable weat and tcsir exceptcd. l.ender may inspect ihe PtopcAy if the _ _
<br /> � � l�roperty is vacant or abartdoned ar the foan is in defuuit. i.ender may take rrasonablr:utian to protect su�d pnwerve sech
<br /> . � .� � vacant or abanduiled Ptoperty. 8arrower shal)also be in default if Bortawer,during the laan application praces,�.gave • �
<br /> , . • materi�lly false or inaccurau Infarmation or statemems tp l.cnder �or failed tv provide L.ender with any rtwtenal
<br /> � infomiadon)In connection with the loan evidenced by the Note.including.but nut timited to.tepnesentailons�onceming �. . ...
<br /> . � '�� • Bo�rawer's accuparuy of the ProQerty ay a ncipaf resLlence. lf'this Secunty Inwtntmeat i+on a leasetrold Borrower shali � .
<br /> pri B
<br /> =�-- ' � '-� �_��- caaply wlt�i the prov�sions of the leasc. li Horrawer;uyuinw fcc titic tu thN Praperty.the teasehold aad fee titie ahail not i . _
<br /> "s�4� ' � � , be�ged unTess ixnder ngrees to the merger in writing.
<br /> -- 6. C6uRes to Bon+ower aad PrutMioo oi I.ender'�RiR6�q in the Prnperty. 8oaower shalt pay all govemmeawl ' �°• .
<br /> - . . . or muni�l�al chatges,fines and impositions that ure not included in f�agraph 2. �ortower shall pay these obligations on �
<br /> ,_. ' '' � ' .titne directly to the emity which is owed the paymeat. lf failure to pay wauid acWerseiy�t�'ect ltimdery interest in the
<br /> --- � ��%n .�,, Yftrpotty.upon l.endes's request Botrowet shall promptly fumish to Lender rerei tx evldencing these payments. ' ;
<br /> Yf r
<br />_ :: ' � If Hormwer fails to nmlce these payments ar the payments myuired bY graPh 2,or faits to perfomt mry other ---- ---
<br />-��� ' ' . oovpwtts and�en ts contained in this Secudty lnswmeat,or ther+e is a legnl procecding that muy significantly affect _
<br /> ��- '_ r'��`.'• l,enda�rights( the Propetty(such as a pmceedIng in banktuptcy.for condemiiatlori or to enforce laws ar regulatlons).
<br /> ; ,. _��.:�.� :,^} - .
<br /> :�,_ _ ,
<br />_ � i.yc:,�A+k!n�. � . then I�er may do and pay whatever is nec�ary to pra�e�t the vaiue af�he mid Lender's r�h[s in Ute�tope�y. E -
<br /> ,: .. � }nctudin8 paymentaf taxes,herard insuraaae artd other 9tems mentioned'm Pl�ra� :
<br /> �,:;��.y� My�miwunts disbiusedby Ixnder uader this Patu�sph sfwll berome an�ttonW debt of Horrowet sutd be secured �. ' .
<br /> -- �..�;;. -,v.� by this 5ecurity Tnstrument. T�ese amdunts shaU bear�nterest from the date of disbunemen�at the Natc rate.a�d at the � i: ,
<br /> '_ . �... ;
<br />- optlon of l.eeder.shall be imntedlately due atd payabie. •
<br /> , �,�. ."'w��_ . 7. Casde�io�. �'h pro�eeds of any gward or claim for d�magey:direct or ransequential.in connecdon with any '
<br /> �. ' � • wttdemtadon ot dher taici�g of at�y part of tue Prnperty.m for comeyaace in pl�e of rondemnation.are hereby assigt1ed � �
<br /> _ -- - -- - •-- endsltel!!!t¢�ltnl�ttl�theelttentofthGfttlt�AtfN+utttotlhehuichtedrfe.c.�tdutrenminsuOpaWuodeltLClWstesndll� c--�=--':
<br /> � ' :, Security lnswment I.ender shail apply such prdccedv to the reditcdon of the indebtcdness under the Note and t�L�Secur�ty �
<br /> insbtm�eet.t�to a�ry�uent mtuwms applied�ln the order pnuvided in Parugraph 3. aad tfun io of [ .
<br />--_ =�° pritrcipai. Aay applicadqn o the praxeds to the princlpal shall not extend ar pnstpone the due date of�thly r. " .
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