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<br /> - � �. Plt�.a�t af Rti.cip.�,r.hre�a.d�,ate�w Eoaoarer shan pay wtien�e the y�ncipat of,and i�t on.� ° . .
<br /> � �. iha dc�t evicimced 6y the Nate�nd late�g�s d�re nnder the Na�e. � • , . .
<br /> . . Z- MWM���weeb aF'li�s.Ie�easet ml OtKee'C�srges. Ba�mwls shall'mclude ui'eacb monEWY WY�• ` .
<br /> aogdl�r witb tht principal and'u�as sa fard�in tpe Nae mt�aay tate cfiarges,an 6lstaA�ncm of airy ts)`p4�aad
<br /> speeial�kvsal cs m be tevbpd agai�t tbe ProPecty.(b)leasedo3d�,or givao�tea�oa du Ptupeny.a�d' :
<br /> •. te;�for�ee���'�• � � `
<br /> — : -
<br /> •-
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<br /> � I'�ch montLly iastattmeet for iums(a�,(b)aud(c�straII equal ane�twelf�h of the�n4A1 a�mts,as�sonahly
<br /> � es�a[ed by l..aadrr, p1us sq�amow�t sufficia�t w�n an additionat balanoe of uot more thaa one-sizth of tt�,,_ ----- _ -
<br /> "� rstimated m�s.. 'ibe faD amwal amwnt Cor "rxfi item sbaD be zccumulated by.La�der within a piaiod eudmg cae\, .
<br /> _ . " month befae au item aauW barome definquent. I.ender shaH dold tbe aznamts wIIocrod in huct to pay��ems<a},��-�
<br /> —= .' Ee)befa+e.tbeq bewme de�qoau. . . < � `
<br /> --= ' . If�t�any tim�ttK wtai of the gaymrnts hold b�r Le�der`for iQems(a).Eb)and(c?.toget6er�viUt the fWure monHil,� �� `
<br /> ` payn�a�s for web itans payabk'to I.erder prior w d�e due dates o�such items.excoods by mone tl�e one�-siath tbe = `
<br /> �maced�pun of paYu�nts iequaod�iu'p�y su�h ueas wbm du�.and if payments o�t ibe I�Taoo ard ca�d».1ben l.a�der .�
<br /> ___� — . s1r�i[eitha zetmj¢dx a�cess ova xth of the estnnated paymertts a cfe�et`the exoess over aie-si�►tb of the atimated �
<br /> ��'- - P�Y���P_aYraa�s 6Y Bo�at ibe option of Bonuwer.� If tbe totai ofthe paymeqts made 6y Bornower � .
<br /> , :foi[i�epn ta�tb�a(c)is uuafficient to pay the item wtxo dae.dxa Bamvret shali�ay to l�eades saty ai�t aer.e.csa[y w
<br /> nnlce aq►tI�t de�axy ao ar befoie the d�e thr itam�anes d�. ' �
<br /> �, As used in tdis Savtity Inshvmea�"SocretsQy"means the Sa�etary of Housing and Ur6an Uevdopma»or his a her
<br />-'` �`" � 'daiS�a- la aay yeas ia w'hich the I.ender must pay a mortgage insuiance pnmium to tbe Sa�netary.rach me�atdlypay�aeat�. .
<br /> - � skaU also mclude aitl�er:. (i)aa'i�stalMent of the wmn�al martgaga in�sursin,ec pna�rtium w be paid by[.aider to t!rc
<br /> __ Secretary.ar IgY a monti�ly cdar�e instead of a nwrtgage�p�nium if�is Se�urisy Inmmnem is heM dy tbe ----
<br /> _ . Saaeta�y. F.ach montMy inswllment of the mortgage insu�nce pnanium s1�1i be ia an am�unt suft'iciene to accumulate the •� - - _
<br />- ' fuU a�uuril mortg,age in�uadoe,p�mium with t.rnder one mpnd�priar to the date dte fuU anntw�l eto�tgagf�nsurm�ce �
<br /> ' , promium is'due w tlie Saaetary;or�f this Security i�nrtnent is.Mld Is��e Sgcnetaey.each malthly chuge shall be in.aa �
<br />_..r�- � , amomu_equa!ta ane-tarelfth of aat-Idf Qemnt of the outs�iS pnac�Qal balaitre due on the Natq. ` _ __-
<br /> . s.... -'� '.� If Sorrnwer tendets to Lender the fuft paymen�of ap sums secured by thi4 Serurity Inmumen�Borrawera account —"� --
<br /> ::-.,—.�.z* . � —
<br /> � �,,.�.., , _-
<br /> . `�;,;. -. .. s h�ll 6 e c n e d i U e d v�ti t b t d e b a l a�r e temaiiung for a U i n s t a l h n e nts for I t e ms(a}:i b)a n d(c)an d amr m o rtgage in s u t a n c e �;r;:_R.
<br /> - }- -�,- � ��. Pnmiuin iAStaAruwi tbat i:eryder I�dot hecome'obligateQ to�aytu tfie S�retary,�nd I.euder shalt prompdq refqnd�� - � ,�.� .
<br /> - '"�:`:4i:;,r�`. �: e�ccess ttuunds ta BorrowGrT �-�_
<br /> .���a£r�;; � :r nds Immediateiy ptior to a forertosure saIe of the Property or iu acquisiti�by Lender.Bortawers _
<br />-- L-.��. .•.� .:,•, aa�mt sdall bc cn�dited witb amr balartcc remaining for alf instaltments for items(a).(b)and(c)• , v:•;}:_-
<br /> :�'.r.°�-=` - - .- 3 AppQc�tfbn dPfRymeats: AII payments u�er Pgragraphs I a�2 shall be applied by l.ender as follows: ' -
<br /> •: •.-:r.� �
<br /> _ �. ��: -..-:_ .:.� . ��w�he mortgage ins�aance premwm to be paid by Lender w the Secnetary or to the monthly charge by the •
<br /> :.. �;�r�,- ` •�s..�..:�. Secnets�tY instead of tt�manhly ma�tgage insarauce pn.mium; � +4`
<br /> .. . +�� {�:-:�:-;,,: �m any taxes.spetial assessmcros.leasehold payments or ground renu.and 6re.tlood ancl other hazard "
<br /> - � �,. ,+, ,_ z_:-:�i-:��. pr,eNiums, ��� • �.-....:_.
<br /> .;,;;'._;,;; ,;.' _ �$Q,to iMerest due under t�he Note; `-!+�:%�;
<br /> �:.�--� �`"„ _ _
<br /> _ . .. F�?lJ�1�i;to amo�arion of the principal of ttie Note: _ . . . . _ a-
<br /> . , , Fj�,w late charges due under the DIote. � ;:
<br /> _. • .- " � 4. �b7oo�aad Other.As�zaM Iasnranca Borrower slrrll insure al!improvement�on tt►e Ptopcity.wfietfier now � '�.,•;,,; _
<br /> �-� '' � .• , in existea�ce or subsequently emted,against su�y har.ards,casuatties,and contingencies.includiag fue,for which Lender • '
<br /> . m.qnines insurar�ce. This insuran�e shap be maintained in the amaunu and for the periods that Lender requires. Borrower ��`
<br /> , • shall also insare aU improvemenu on the Pcoperty,whether no�in existence ar sub.seyuently emcted,agamst loss by�laods . :
<br /> -. .. _ ' ._ . to t5e extent mquired by the Se�netary. Ali insurartce sha116e casrced with cpmpanies approved by l.ender. The i�urance _ .
<br />— pol'uies aad any renewals shall be heW by Lender and sha11 include loxs payabte ctauses in favor of, and in,a form •
<br /> . -_ ��- ••. �` . aooeptable to.Lender. ` �
<br /> _` � • . _ . In the event of loss.Borrower sh�ll give Lectder immediatc noticr by mai'I. Lender may make proof of lacs if not ' � -
<br /> ' ` �b�� � � � made pminptly by Borrnwer. Eacb insurance company conceraed is hereby uuthorized and directed to make payment for : __
<br /> .� � � ' � . such toss directly to l.ender.instrad of to Borrower and to Ler►der jointly. Aq or any part of the insurance pmceecls may be � • '
<br /> �. - . _ l.cnder.at its option.either(�a)w the reduction of the indebtedness under the Note anct this ' Instr4ment, ;---.:
<br /> _ - -.. ..
<br /> lied Dy Secunty
<br />- . . . . . . _ h 3.and then to prepayment of principal.or(b)W the �
<br /> '. . �rst m any delinquent amounts appli in the order in Parasrap
<br />:. ..,..:. ;.. : ....
<br /> -, . � � , . restoration or repair of�he damaged propeAy. Any applicatian af the praceals to the principal shall aot eatcmd or postpone f ��'�'���' �
<br /> t1x due date of tlte monthly paymen�c whuh are reFerred to in Parugrapb 2.or change the amrntnt of such paymenis. Any ��`�..�� '� "
<br /> �, • excess insurance proceeds over an amount requirai to pay all outstandiog indebtednesx under the Note nnd this Security , F ,.:�_ •
<br /> ` Insuument shall be paid ta the entity legally entitled thereto. •
<br /> .. .,., .
<br />' .. : : . . ' M the evtnt of foiectosuirre of tfiis " Instn�meni ar oiher transfer af iitle to tlie thnt eatin uishes the . � .'
<br />.._ . -= - -_.... ..... ' u�deMednes.s.all right,tiAe and'mterest of 8�or�rower in an�ta inrursm�e policie!►in fime rhall�ythe purch�er. - -- . _
<br /> .� S. Oocupsmcy, Preservation, Maintenance and ProtecNon of the Property: Bonnwer's La�n Applicatbn; � ,
<br /> ,� ` � , � �� �. . Leaseholda Boaower shall occupy,e�tablish.a+nd u+e the Prapeny ar Bnrrower�pnncipal reaidence within�i�ty days . {
<br /> - afler the execution of this Security lr�strument and stwll rontinue to occnpy the Pmperty ac Borroweri principal reti�dence �
<br /> _ '•�� • � for at least one year after the date af accupancy,unlexs the Secrctury determinrs tbis reyuurment wiq cause undae hardshi _ " _ __
<br /> '"- �"���•� ��-� �- '`-- for Borrower.or wftess extenuatin�circurtistances exist which am beyond 8orrnwer's control. 8orrower shaq notity � ,
<br /> . ��. . ,,:: - . _ l.endets of ar�y extenuating eircumxtances. $ortower�hall noi ccxnmit wa�te or cteslroy.damage or sulxtantiapy change � ,=.-..= ;=.;� .
<br /> •�� • . , the Pt�nperty ot allow the Propeny to deteriarute,rea.wnabic wear and tear excepted. l.ender may inspect thc Propeny if the � •
<br /> - Property ia varant or abandoned or the loan iz in default. l.ender may take rea.tionabte action to protect and preserve such , � -
<br /> � ' ' ;. � vacant ar nbandonet!Property. 8orrower shal)ulso be in default if Horrower,during the loan applicallon proress.gave ( ''
<br />.9. r:,: ,.:;• ••�'„ , materially false or inaccurate infomwtian or statementti to I.ender 1�► failed to provide Lender with any material�
<br /> I -:.
<br />` � information)in co�mection witri the loan evidenced by thr Note. includirr�,hut nrn limited to.mprrsentations cvncemin� i. �
<br /> .._ _ _ ': :.�4 .-..:��-- - g��'s axupancy.of the Propeny av apnncipal residence. If thix Security lnstrument i��m a le�ehnld.8omawer tihatl • f;. . ,
<br /> L � '. • comply with the provisions of the tease. lt Borrower acyuir��fee title to the f'roperty,the leasehnld and fee title shap nat ; ' '
<br /> -�'�`. '".',.. • be merged nnle�l.ender agrees to the merger in wridng. - � ,
<br /> =aif.'.i ;
<br /> _ • - 6. Ch�to Borra�xer and Protection ot Lender's Ri�hts in the Property. Borrower shatl�y:�11 govemmrntal j• ' �
<br /> s��-:':��• � • ' , .
<br /> _ or muniFipal aharges.fi�and impositions that are not includeJ in Parep,rs�ph 2. &►rrower�hall pay thc+r obligatl�mx�m �.
<br /> _ "�""i�..�;,:.; ti�d'nectiy ta the entlty which is owed the paymen� 1f failure ta pay.would ailversely affec�Lendery intere.vt 1n the t
<br /> �=���g�,� : � Ptnpetty,upon Lender�requcst Barrower shall promptly fumlxh to I.endcr receiptw�vidcnring thcsr p�ayments. . !"� �. . .
<br /> ..� ,.. . .. . /t 8omower fails to mako ttrosc payn�rnts ar thc payments reyuired by 1'awagraph 2.or faits to prrfam a�r dfrs � .•
<br /> ='_:�.. 's,="`�%-•:: '� covenanta s m d a ta can t a i t t e e d in t h is S e c urity Instrumem.ar t h ere ic a tega l p r o c e e d ing t h at may s i g n i f icant ly.a f fece �
<br />.�,.� •' :.'L^_."'__:"- . _ .
<br /> -4 �i-• - _;,i:.,_„� � l,ender's rfglits n dte Aropeity Iguch as a pn�c�eding in bantcruptcy.far condrmnation ar to rnfvrce tuw�or regulations).
<br /> "' :�` �'' . tfien L.elldl� dp and a w ' ;' , '
<br /> • -.�;;,.__ ��; mry p y hatever is neressary to protect thc value of�he Property und Lender s rights in�he Property.
<br /> •.� � , :�•- inch�ding PaYmera o!m�s.haratd ingurance and ut6er items mentioned in Pnrugr�ph 2. .
<br /> '�� A�r a�namta disbarsed Isy l,ender under this i�arn p m ph shall become an addltional debe of Horrower and be securc� . '� �
<br />_ �}� �;�'�'�°� by this Securiry Inswme�tt T2�eae amaunts shall bcar�nten�t from thc d�te of disbar�ernem.at thc Note rate,and at the �
<br /> �: t ' �r,;,_.-. opdon of Lender.shall be immrdla�tely du�and payable. � S ..
<br /> ;,'� ` a?F�i';5-:'_. 7. C.asde�aa.The pmr,eeeds c�t any uwa�d ar claim far dam�ges.dl�ct ar conseyuent}al.in ccxinrcti�x►with uay '
<br /> �:� . :
<br /> ; Go�+demo�icK�ut ast�er talr�g�rt a�t��tit tltie Prope�ty.fif�t1f CtNiY�y�fKL`Ifi�tlf:�t►�CCHJt�liifliN�bf1:'tUC�tCfCI►yr tlt!�t�ir�i .. - �--,-—_
<br /> i:'.. ....s=..�" '-; - and s1wU be p�id w LeMer to the extent of the iWt s�nwunt of the indebtedncss that rcmains unpald under thc Nute und this ; . .
<br /> ��° - S e c u r i ty I n c w m e m. I.e n d r r s h�l t app ly�u c h pmc e r d y tn t h e r�lw:t lon o f t h e i n d e bt e i tnev.q u t u ter�h e Nyte n n d l h iy S e curity ;
<br />� � "''• •Ltatttmten�firat to any delinquent amo�mts applled in the order p�ysvidrd in Pnrd�r.�ph i. �nd thrn tu prrp�yment af ` ' � �
<br /> principaL Any applicallon of the peoceedv ta the princiQnl sMrIL nnt extend nr pn�mr thr due aute vf thr month{y ,
<br /> _ Y� ; .. (��P2�e��nj . . ' ' .
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