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<br /> � . ' t. l�yMwt dletuiMi,ileer�a�i l.alt Crr�Haaa�ra�P�►�esdie t!e piacipri af.a�d i�e�t o�.
<br /> ---�ddner�cedbrtLeNala�dfM�chr�esdqe�krtl�eNor� _ �--- z -
<br /> . t M�IYI MJ�r+�'If�r.Lwr��i Haro��laif ir�clydt in ea�a�oMki�t pay�a�t�� -
<br /> �to�ethar�h t6e pi�cipd aod iQ�eeeu as ut fa�h ia t�e�rTo�e� We a�r�es.aA�d iry ta)t�a rd . .
<br /> :peciat at+essmeets laviod a to 6e tevied s�ia�tbe PiaQeriy,(b)�p�a P��aa tbe FlropatY.� � .
<br /> , • (c)P�niwes far iewanoe eeqained tiY Aea�ap�4• ' ,
<br /> Fach montbiy�a�t fa�vaoos(a).tb)aod(c)sA�II equ�l,aaed�►�e1[1�d the aad�a!amu�rets,at ie�maa�big ��_
<br /> e�ia�ed 6y i�eades. an�000�mt soficient t�nainnin �i add�6aost bdaace c�aat mae t�a an�si�h a�f tie • •
<br /> - - �fuit�i aniooat toc a�cA fiem s�aii bt xc�mm�od h�r�.�ade��a perlod eedi�owe
<br /> mo�ld 6etane 'aa vem vronW becarr'ddinqueet. �.eader aWll Soid the anotiats cdiecred ia otau to pa�t iieaas(aA(s)+nd. ' ,
<br /> • (c)befae tl�ry tieoome deli�et- � � �.
<br /> if�t any nme tbe taa!�thc payu�Ys held by l��der far iiems ta}.tb)aoid(c)�moe�e�su��
<br /> psywe��ts far sudr i�ems p�yabk 1�I.ader prioc w the;due daQS of soc6 items.ex
<br /> �ima�ed amo�nt aE�yn�ats�e�i�od�Y s�itetns whea du�,a�d if pa, ua d�c Dia1e m cunea�8iea��er
<br /> a�lt eid��d the atass ove: of the�stim�oed payreeats or�:tess over oae-si�th of ttie atimtied
<br /> ��f�Y�a.�Bamarer.at the aplwn af Bamwer: If the taal of die ps�meots m�d�c b�r Baio�er
<br /> . ar'�tem�fs).(b),a tc)is u�'�ci�at tu�Y tbe itero when duw tl�ea Bonower sbalt pay w l.adersny amauot necessa�p to
<br /> --` makc uP dre de£cimc�r�t a befae•she daoe tLe item bxomes due
<br />-- As ased'm thts Sa�r�tY l�nma�t."So�r�ry°�tLe Sa�uy af H�8�Utb�n Developtnent os Ais or her
<br /> = dai�ee. In aa]►Yar m which tLe I.mder mast pay a maetg�ge ins�uanoe p�emium w tl�e Soc�ary.a�ch manthiY WY�
<br /> �� sbaU aho incltde eitLer. {7 m uuralhnent of the smnual moctgage ins+u�oe�M'emium to be.Paid bY L�Wer tn tbe
<br />'�,�� � Secnepry,a(u3 s moruhIy cl�ge insaad of a matgage iawr�ace premium if t6is Secuntl►In�um�t is heW by tbe"
<br /> =ti`'� • Sectetary. Fach montLiy iaaailment of the mortgage iasurance preminm sLaU bt in an a�aouiu sufficfeot to aoctunul�ra t6e
<br /> -- ful!aara�l ma�tE�e iawr+oce P��with Lendec one montb pnor to the date the fiill aimaal matEaEe iosur�oce .
<br /> y^��', preinium is due m the Sa�ry:or if this Secudty I,�sawnenc is beld 6�r il�e Sxcets�ry,exd montdly c1w8a shsll be w an
<br /> `t;.: �nwu�t aq�l to aae-twelhh of oae-I�alf petceat of the austaadiag prm�pai balaoce due on the NotQ.
<br /> - tf Bamwer uade�s w l.eader the full pa►Yma►t of all swns seeuad by tdis Se�arity Iasavment.Bamower's ac�ount
<br /> , s6�it be c�ted wiW tUe balance�naiain8 for all instatlment�far iteans(a),(b).and(c)and�y mortgage insunnce
<br /> . poemium 1ns�llrnent tHst Lender has not become obligated oQ FaY t�s�be Sa�tar�4 and Lrnder sha}1 promptlY nefw�d mY .
<br /> : 4 ea�oess fuadg to Aasowu. Im�aediately prioc to a fo�ecto�tt�e saleaf the Propecty or' ac�N � on bY L� wer�s
<br /> its istti :��
<br /> - - _ . s�c�cau,ot shatt be ete�itad widt�tY 6alance�em���"-�;'�"°�"r`for itans(a),(b)and(c). � � ': . � -
<br /> � 3 dP�yment� AU payments��-'��aar12 sti�il be applied by.L�►der as foII��s:
<br /> ; to the matSaB�i�uraace F�em�um m�ie_�ud isy�to the Secnetary or to the a�ntlily charge by tbe _ _ _
<br /> - Sxcer�y instead of We monthly�mriSaSe�pn��: • '•� - • -
<br /> �Q�p,to�any taxes.spxiat assessmeats,leasehotd pavitunts or groiuid renu.artd fin.fla�d and otlKr haza�d. � .
<br /> _;: . insurancxp�emiva�a��e9uiied; '
<br /> ,. • ��$p,w inte�stdme wsder the Note: . •
<br /> �3* �¢j�,to amattization of tho�aincipal of the Note:
<br /> "+ �,tv late cha�es due undes�e Note. ' `
<br />- f: 4. ��7ood�1 Ot6er Haurd tasuraocG Bormwer shal�insure all imprwemenu os�r�ie Property.whether nova ..:
<br /> _ • _ ������uy ereetM,against any hazards,rasct�taes.arid contingeacies,incIv�iog fm,for whi H� �'_ ;
<br /> _ soqni�es mswance. 77�is u�suraace shaU 6e mai�in the�and for the penc�s t1���4�- ��=—
<br /> - sSaU alsa insure all improvements on the Ptoperty,w�ethes naw.�n eaistence or subsequently emxed.a�loss by floods ��.
<br /> . to the e�cttnt tequiced by the Sa�retary. All insurance shall be ca:-r'�d with compan�es approved by Lende� The lns�ance �''-�"zt,�
<br /> ' ,§':_:�_
<br /> • �`E policies a�any renewals shall be held by l.endcr s�nd shali i:�cTude loss payable ctauses ia favor o€,aad in a form ,T�.; Y;;,
<br /> � . ••: acceptable to.l.ender. � �-`.: �:
<br /> ` In the event of toss.Barrower shall give Lender immediate notice by mail. L.ender may make praof'of loss if not {:� ,�
<br /> :i.-' made promqiy by Borrower. Each insurance company cancemed is hereby au*..'�arized and directed to make gayment for :.,,4:',:'��.n._-
<br /> � such loss dttecily to Lender.instead of to Borrower and to l.ender jointIy. All os any part of the insurance�noeeds may be �r�: '< _, --
<br /> appGed by Lender.at its option,eitl�er(a)to the reQuction of the indebtedncss under the Nare and this Sec:uiig instrumrn� �`;�',;:• .;..�:`;
<br /> ' f{tst to an�deliaq�uent amounts appteed in the order in Paragraph 3.and then to prepayment of priacipaF,or(b)to the __ _
<br /> � restwatianar repa�r of the damaged p:�e?ty. Any application of.�y.�procceds to the pnncipal shal!not eztend or postpone .
<br /> � '� the due date of the monthly payments whcch are refened to in Fa��raph 2,or change the amauat of such payrr�ents. Any � . ,
<br /> ... oxcess insurance proceeds over an amount reqdired to pay all oc•standing indebtednesy under 1he Note and th�s Secunty .
<br /> - �f� � • Instrument ahall be paid to the entity legapy entitted t�'iereto.
<br /> ' '' ' In the event of foreclosure af this Secunty Lzst:ament or other transfer of title to the Property that extinguishes the �`� �
<br />, r� � 1ndeDtedness.all righ�,title and interest ot Boaawcr in and to iastrance policies in force shall pass to the purchaser. _• `
<br /> '� S. Oceup�ocy, Preservation, Maintenance and Proteeonn af the Properly; Borro�rer's I.o9n Appliaitbn; .
<br /> �,4� ' l�hold�. Horrower shall occupy.�stablish.and use the Plaperty as Bortowerc principal nsidence within�ixty days .. -
<br /> � `' after the eaceution of this Secarity lnsuument and ahall cantinnc to accupy�he Property as 8arrowes's princlpal res�dence .
<br /> � �°" for at leact one ye�r after the date of oecr,pancy.un�ess the Secretary dete�tnmes this tequ�rement will cause undue hardship • .
<br /> ' .�'-� for Sorrovrcc. as anZess eatene�ating cireumstas�eew exist whicb are beyortd t�ecowerK conlroL eonower shnll t�otify , ____ ._
<br /> � ..';:,� ,. :��.;' Lenders of any extenuatin$clrcumscances. Bo�rvwer shall not caJr:mit wast�cy 3cstroy.damage ar rwbstan�Ially change
<br /> ':;;:;,,;:,;� ;:��"- the ptope�ty or aUow the Property t4 ctet¢�iorate,mASOnabte wear.,,�tear excepted. �ender rn�y inspect the Property 9i the
<br />�`';:!�� tl:e Poan is in default. Lendec r.�a �ake reasonable actiar.#o protect and proserve s�idr �F ��
<br /> , 1,,.., . , _ prc�rer�y us vacant or abandoned or Y
<br /> '� �`'f`_. va:ant or�Dandoned Property. Borrower shaU also be in defau(t if Borrower.during the.:�an application process,g�:�e �. .
<br /> .� ;;:.-1._� .-
<br /> >, ,�. . matettiall�r falsc or inaccuratc �nfotmation or statements to l.cnder (or faiied io prav�de Lender with any tnaten..F
<br /> ' ' "•��;• . ;inPcrrmauon)in wnnection with the losu�evidenced by the Note.including.but not limited to.representations caxetai.i:g
<br /> ;_,:�: _ 8cxrawer's occupu�cy of the Property av a prir�cipal residencc. Ii thiw Securiry lnstrument is on a leasehotd:Botrower��11. ,
<br /> ��•-:� ; ¢ompty wath the pravisions of the teaae. lf Borrower acquices fee title to tlw Property.the tea�ahold and fee�itte sh�l1 c�t
<br /> �'�. �=�`�.� - be mergW unless Lender agrees to the mcrger in writing. .
<br /> � ,i=c�:;.._r:: .� + 9� --_ ....
<br /> °m ::an:. 6. Chuges to Borrower at�Prntection ot t.ender s idi�,his in thr I'ropc�: 8�:.�:�'er shal!pay all guvemmenF?� ,, ,
<br />� `'��'!`=' ;;. ..: or munittipal chargrs,fines and impositions that arc nut included in Patagraph 2. Hor��u.er.�.hatl pay these nbligations an �;_
<br /> -_---:. __ �,,:�—.;,�;- ���i�u;tiy tv 1he entiiy whlch is owcd ihc payts:c�t. if Failtirc to p�sy «o!tte!sd�ers�`:;.affect Lender'c intc�e�t m the �. �__-__---
<br /> � '-'�=,�:=: ` .upoa l.cnder's r uest�onower.r•hull ram 11 tamich to Lcnder recei la es���:�::.,e thcse pxymentc.' �`
<br /> Prvperty e�t p D Y ? �,:�..
<br /> " ;.�;;. ..;;.,_. V�otrowe)fails to make thesc pnyments ur the p�yments rcyuircd by Paragr��h :. ac fall� to perfortn any other ;
<br /> ��-��'- ' covenants and agreements cont�ined in ihis Secudty lnstrument.or there is a 1ega1 proce�d`..,�lhat m�y s�Fniflc:u�tty affect �'
<br /> k�t�x. •
<br /> • �'r:••_'."� Lender�t�ghts in the Frnperty Isach ua u praceeding�n bankruptry.for cu��demnanon vr tg enforce laws or rcgul�ti�ns). t • ,
<br /> , ' Ifxn f,ender may do tutd pay whatever is neressary to protect the vAlue of the Ptoprrly and l.ender's rights in thc Propcny. ` •
<br /> ut
<br /> - - - — - - - �ncluding payment of taxes.ha�rd insurance�ttd other items mentianed in P.u�agraph 2. ,•
<br /> • �•._ � -. Any amounts disburscd by Lendcr under this I�•uo�raph shall bernme an udditional debt�f Horrower:�ad be secured _
<br /> ' ' by thig Security instrument. 7'hcsc sunounts sh�ll be3r mterest from thc date of disbursement.su thc IVatc rate.and at the j •
<br /> . ' �.• " • aptian of Lender.shall be immediately due�nd payable. {• ,
<br /> . �` � .. ,` ?. CqtQemeaNne. 'f1�e praceeds ot any,�ward or claim for damagcs.Aitect or consequendal.in conneciion with any t
<br /> . .,tw:�,.�,' ' • cadkmnation or other taking of any part of the Froperty.or far convey�ce in piace af rondemnation,are hereby asslgned .
<br /> �,�'._; ' , �ctd shall be paid to Le�r to the extent of the full amount ot the indebtedness ih►t rem�ins unpaid under the Note and tftis i,
<br /> - .:�..��.�:. _: _ ; 5ecurity Insttumen�,Lender shall apply sush proceeds tv the redu�6on uf the indebttdness under the Nate and this 5ecuri i .
<br /> ry
<br /> - - - - Instrumeai.fiist to an�r de�ttnqueet �ntatims apptied in the arderyrovidrJ i�i i'�satgr�pt►3. and�thcn u>�ccpa;�cent vt ;------ ,
<br /> -,�,'-�y= '' , princip�t. pny app8c�tion of the ptoceed.y to the pnnctp�l sh�ll nnt extend or pnstpone thc duc dute of the monthly ` "'
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