|
���i'_ . - ' . _ (. . - ___
<br /> ..�. _.. ``. -•_ � " _ . a. �
<br /> ,-.. _ _�4 `. ..�. ' ' �: _" _ _ " _ _ " ' _ _
<br /> __ .f -- • . ` .� . . .- __
<br /> • _
<br /> � , �. �Fr
<br /> _ �"�_ - . Tt _ _" ...�.�.-..��_, .Y.. . ..-..�_ ' , _-�_
<br /> -. . _—. . . .. . __ `—"— _ _ . . __ . _ _ _ � �'� ' _ _ -
<br /> —:�� _fi� . . . . . � . � . . _
<br /> _ - - - .,- _ _- - -- ; -. ,�1�- io���� _ - -- .-- � .
<br /> . _ � � . . , , -
<br /> . . �.. �
<br /> :L t�•,•t.rltiet�.t.r�e+sE aw t:fi�e cY� Bnaowa s�lt pa�r«rl�en d�u�e priacipd aF:,od ialaat aa. ..�
<br /> � � We detit eri3eoced h�►tbe Nole�nd late c�sdne aidet tbe No� ' ,� . . • :
<br /> 1 MwMM!M7����°0R�����' Baav�w�et abd!mclme in dck moo�+lY P�Y�► : ''
<br /> `,o�ed�e�.�b d�P������m m�rtoro) ��r►� � ��'t���'°a
<br /> � � .�pecid�levjed ar to be leviod apimt Prcpe�tY 1e�eLoid a teals aa P�opatY.
<br /> (a)p�for�'°e�au'°d-by Fm'p�ph 4.
<br /> - ` �moa�iy���for iee�ta)s(b)aad(c)sl�ll a;ua!aoo'twelA�of th��awt amo�nts. as�oo+�tY ,
<br /> _pi�s an amoaat a�cia�a ta mai�m additiae��mce c€ncx.more tlnn ooe sinh af die �
<br /> ef�led�mauals. 1Ue full�l amo�nt 5oc�s6al!bold tlw amo�n/s cd�le�lcd�oo��uems(a),�@?aod
<br /> a�aMh befaie an ilan iw�W bocwne delinqoa�t-
<br /> � (c)bdae�jr exome delmqua►t deld by Ir�ider for items(a?,@)�(�)•�witb tdc.fi�re moathlY
<br /> If�t�►tiane die�1 c�f tbe P�Y�
<br /> psyaimrs fa[snch�kmt pryabk ta I.mder prior�to tbe due d�les of aocb ioents.ex�1� came��,dm La�da �
<br /> �led smotmc otpaymmta req�ed;�p�y sncb ite:rt�s wba�c�e,:apdi�.P�Y�
<br /> �ll ather ieftad Tbe excass over�suclb cf tlre es�m�ood gayasmtg a�.�t tbe exoas over oao-suth d d�e euua�ted
<br /> to aub�apent R����:at t�°pti°n of 8anot�ve�-:if tl�e m�a1 af the pnyroa�s m�d�e b!►�'�
<br /> o�rr�a).(b).os(c}u m�t tu��sy,_tbe item when doe.ihen BoQO�s�aR p�y'�i:ader any soaotmt neaswy W
<br /> maicc up the d�ficiency-aa��e�e iFi�s1�e tde ium 6ew[nes due. ..., ."' .:.;:_;: ,. •::.,;� .
<br /> As uxd iatbia Scc�astg�tt�mnen�"Soc�7r"n�ns tLc Secie�z9��g��T�a Develot�aaeat or his ar htr
<br /> deai� In any yearin WAich tha L�3y�:ittost t�aY a mort$s8�ins�s�e.pce�um ta tt�Seaet�cY,acfi mondilY P�Y�
<br /> a1�1t slso mciode either" Cil��of tbe anm�at�artgag��P��.���P��!' ��w We
<br /> . �ecnet�r�Q(ii)A monthly cbatge.;msu�of a� insuiaaoG�:'ff this Iaswment L+held by tbe
<br /> :�;;Seaetrny. P.�cb mo'nB�IY�������sh�ll�,��aaoo�uqt sufficient io accwadate tlse
<br /> n
<br /> ;;,.faU_arwu!matg�ge�s�a�p�witTi.�esidei one mo�is pnor to��ate��on�Y��S ��v�
<br /> �due to tbe Soc�arY:or iftfis Sec�sritY Ins�is ite�!by tha Seaetuy; e sball 6e in An
<br /> �.:i�:P!aniont , bailaiice due on�i�tote.
<br /> � :. xnaiat eyaal W 000-i+relilh of ano�half�t of tbc a�n8 P�P� �siiument,Bamwa�a sxxount
<br /> � � If Bai'sower t��de�a to LeMiet thc fuU psYma�t of aB sams sa.vt�d by this SecuritY
<br /> � sh�ll be catidited wlth the balance:ea�sining faz aII ins�lmedts.for iterns ta),(b1 aad tc)snd any matg�ge ins�uanc� _
<br />_- pt!emium insqllment 4�at Lender has aot 6ecome obligaud to`pay to tbe SecnetarY,and I.ender s1�11 prompd!►iefund any
<br /> - erce�fitads ia Bo�mwer. Imn�ediatel�prsur to a foisctosure sale of the Pnope�ty�its acquisitias by Lender.Bormwer�s : -
<br /> m�r :
<br /> - scoouot alu�U be ccodiood with any balanc�strnaimug'for att instalLnents for it�ms(a),(b)mn�tc).
<br /> � 3. A af Ntymests. Allpayments wder Faragcaphg 1 and 2 shall be applied by L,ender as foUows:
<br /> -_ �to the mo�tgage buu�sce�+emium to be p�id by�l.ender to the Sa�etary or ta tLe maathly chuge by the
<br /> -- Se�►In4tead of the monthly mortgage insnrance premsmn:
<br /> ' �,.to smy ta�ces.special assessme°tsr t�i�Old paymenGa or ground�e�.��•A���r�
<br /> _ � insac+oce p�emi�t.�.as io4ulrod; :. : .
<br /> _ �p,w intetest due wider the Note: ,
<br /> - ti?l�i,to amortiTation of lhe psinciPat of tbe No�e: ,
<br /> - ' �,to late charges dne unciertbe Note.
<br />= � �. ��7aad�Ottier Hszacd Ia�aooa Harower sball insure all improvemeats on.the PropertY,whether now
<br />- in existe�ce a�i sabsegamdy erccted.agamsc any hu.ardv, cagnalties.and contingencies.inclu�ig fin.for which Leader
<br /> - Rquires�ca. 7his iasurance si�all be maintamed in the amounts and for the perlodq ihat Lender t�es. Bomuwer
<br /> sh�U also inson all imgsovements on the PraFerty.whether now in existence or subscquently erected.against loss by floods
<br /> �
<br /> to ttHee extent stqaired by the Secretary. All msurance shaN be canied with compusies approved by Lender. The insurance
<br />� policies and a�y nrxwals ahall.be Ae1d by l.ender and shall include loss payable clauses in favor of, and in a farm
<br /> acceptable to,Lender.
<br /> In the avent of loss.Barower shaU give Lender imrnediate nocice by mail. Lender may make proof of lass if not
<br />_ _� made pmmptlY bY Bormwer. Each insurance company concemed is henby autharizeA and diroctod to make payment for
<br /> .`��': �suCh loss di�ectly to Lender.instead of to Barower and to Lender joindy. All or any part of the ins�uance pmcads maY be
<br />;�w; spp tied b y L e n d e r.at ita option,either(a)to t h e r e d u c tion o f t h e in d e b t e d n e s s u n d e r t h e N o t e atM this Seco r i t y Instrumen� _
<br /> fi i s t to aay delinquent amounts applled in t h e or d er in P a r agrap h 3.a n d t h e n t o p r e p a y m e n t o f p r i n c i p a l.o r(b)t o t h o
<br /> t�estorati�rs vr repair of the damaged property. Any appllcation of thc procceds to the pr�ncipal shaU not extend or postpono _
<br /> � . the due due of the montlilY PaYmenu�1�ch are refemd to in P�ragraph 2,or change the amo�mt of suct�payments. Any
<br /> excess insurance procee�s over an amount requirecl to pay atl outatand�ng�ndetstedness under'the Note and this Security
<br /> L�strument shaU be paid to the entity tegally ermtled ghento.
<br /> • . 1n the event of foreclosure of this Security Insuument or other transfer of title to the Property that extin8aishes tho
<br /> indebtalness.a11 r�gdt,title and intenesl of Bomnwer in and ta insurance polictes in fm�e shall pass to the�nchager.
<br /> - S. Ooeapaocy. Prexrvatloa.NAietenancs aed Prdcctbn ot t6e Property; Borro�er's Lo�n AppllaNaei
<br /> :LmehoW�. Borrowe�shall occupy,estabUsh.and use tbe Prope�ty a.q Borrower's principa�residence witbin sixty days
<br /> ' . after the exceution of thjs Securiry lnstrumcnt a�d sfiall condnue to accupy.the Prope�Y,�s Bo�sower s p�u�ipal resideaa
<br /> for at les�st one year after the date of uccupsmcy,unlesa t1�e Secretary determmcs thi.s Qequ�rement will cause w�duo hu�dship
<br /> • � for Bormwer,or unkss eatenuadng circu�fistarcea e�cist which are bcyond�mroa•ers cantrol. Hornawer shaU n�fy
<br />' l,endefs of any extenuadng circumstances. Borrower shall not commit waste or destroy,damage or substantially change
<br /> the Prupeaey or allow zhe Praperty to deteriorate,reasonable wear and tear excepted. Lender may�nspeet the Praperty if the
<br /> • ptnpetty�s vacant or abandaned or the loan is in default. Lender may take reasonable action to protect and preserve such
<br /> vacat�t or abandaned Roperty. Horrower shall atso be in defautt if Boaower,during the,loan applicativn proccss.gave
<br /> ttnterfally falae or inaccurate infartnation or �tatements to Lender (or faited to prav�de Lender with any material
<br /> �nformst�on)in ca�nection with the loan evldenced by thc Note.including,but not limited to,representations conceming =
<br /> . Borrowerb accupancy of tht Property aq apnncipal residence. lf thi.g Securiry Mstrument is c�n a Jeasehold,Borrower shall
<br /> comply with the prowsions of the ira<e. li Borrower acquires fvr title tu the Prespetry.the leasehald and fee dtte shalt not
<br /> he merged unless Lender agrees co Q�:z�erger in writing.
<br /> Q:
<br /> 6. Char�es to 8erro�rer and P+►'.atedloa ot Lender'a Ri�hts in the Peoperly. Hanower shall pay all govemmental.
<br /> � or m�uucipul charge��s astd impositions ete�t src not inetuAM in Pa�agraph Z: 8onower sha1F pay►h�obHgatians uts
<br /> II�
<br /> � time directly to the�':ty which is owed the;�aY�nt. lt.failure to pay wonl3 advenety affect t,endes's.iaterest'r�the
<br /> � Pmperiy,upon Lender's request Bormwer shall psa:nptly fumish ta l.ender reccipts�evidencing these p�ayments.
<br /> If Bomnwer tails to make these p�y,mcnts,ar the V�Y����luired by P�.tragnph 2.as taila to qerform su�y atb�s.
<br /> �renaMs and agraments contained in th�s Securiry.lnstrumen�.a�r there is u legal proceeding that ma}�ssgnificantly affect
<br /> . Lender�dghts�f ihe Ptoperty(such ds a proceeding in bankruPtcy.for candemnation as w eafarre l�WS OL IC$YIaf10115}.-
<br /> -- tt�en Lender may do aad pay whatever is necessary.to protect the v:�ue of th:�ir�aperty and i.cnder's•sight�in the Ptoperiy.
<br /> .•� including poyment of taxes.6arard insurance and other ttems mendoned in 1'�agrsph 2.
<br />`=�,.„ : pny artxwnts dls6ursed by Lcndec undes this Parng raph sh�ll become an additinnat debt af Bnrrower and be secured
<br /> � by this 5�curlry IraMtment. Tttese amounts shall bear intetcst from the date of disburscrir.ts�.at tlie Note rate.and at ihe
<br /> ' "° opion uf Lender.sha11 be Immedlately due and payabte.
<br /> ,:.. 7. Coedeme�tiae. The proceeds of any award ar claim for damages.direce or consequ_n�ia1.i»eora:ection witb�ny
<br /> � ceedenu�tion ot ulher taki�tg of a�ry part of the 5't�ty.or fw conveyance in piace of rcmQer�ttr�tion.ar�h:'eby assip�ed
<br /> • aad shatJ be paid to L.ender to the extent of the f�amaunt of the indebtedt►GSS�frel remais�s�a:Q�ensf�s L'r;�ote and this
<br /> ,- — - � -Y:1�; � - - Secur�iy�nsWti�enG LctjQershatt�pplysuchproceedstoihenetw.-lltKtt�fihe'yn�ebtedttcss:.;�.:.;s,*�;'ti��:'�5eced�yr -
<br /> ' laswmeet,first tn aay delinquent�nts applied in the order provided ln Fnragrap��aad then t�pzegayttsent ai
<br /> �. . � princlpal. Any appllcatioo af the pmceeds to the pdnc3pal sh�tl not extend or postpaae t�ie due Q��a�che marcthly
<br /> �•
<br /> ,. _ . ... _. _ _ . . _._ .
<br /> �aa8't2uJa pa;[e�1 -- . _ ... _ :
<br />
|