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<br /> ' 1 `I,�n,u.i.tl�w�i.Lle.wca.�i..ie CM�a �ana�rer�.n pzy wba,aMe me pri�p.t af..ea ialawt 6a -- - - �
<br /> die de4t e�i�dm'ed b!►tl�e Pto1e aqd 1�s6�r�es d�e�de�dre 1Va�e. . �°��- . .
<br /> _ - �_•��M1Mf M�lw��7�•���OIM'� Ban�awa�Yll ieclyde b ad��ly p�jla�aM:
<br /> � __1daeAr��rkh tbe p�iecipd�od ie�ee�at as xE ta�th i�t�he No�e aid� �ny W��e c��es.�u iroalimeat d a�y ts)'baa a�d . .
<br /> _ , __ =c��fevied a�6e kvied apirol tAe�t�opa[y.(b)te�d P7��E�'�ree�as tlr PkapeRy.a�4
<br /> [orinwrance�eq�+dbyP�sph�. � `
<br /> gacb mo�iy i�tallmat for i�ems td,(�)�d t�)s�U equ�l oee-t�eiM ot the aRwWt asnouas.a��e�►°
<br /> � ' e�imMed,by l.aKkr�tus�n amo��nt auf6cient'ta a�intaio m additiotit bd�noe of ooe momt Wia aee si�db d�e .
<br /> - -- plin�ted.a�otmts. 'i'Ae fai�.a�ea1 imo�me for secb i�em sh�l!6e�ccurtwla�ed b�►L�aWer�it[du a paiod�ase
<br /> ' a�o�lh 6ekee a�i1m�vuuW bxdene dd'urquent. itnder shall twid Ihe a�aa�cdleeied in�r�R`to�t iknia(aA f�)aad�
<br /> (c)bdae d�eY 6eoaK ddin4ua�. �the fiMa�e nwa�hlY
<br /> tf at�ty tima ihe yohf ot tbe pnyma�es beW by l�eedes fat ilea�s N�.(b)a�d(��to�et�er
<br /> pRymeots for suc6 tlemc pryabie to I.endet p�iar to tl�e due dates of suc6 i�ems.ext�eeds by ma�e th�a aoasixlb d�e .
<br /> estis�ed��f PaY�oeats t�a�uued to y such items wLm doe.�ed if pa}riadks on t6e Narc a�e cunent.�ben i�eade�
<br /> �IaU dd�a zef�od tAe exoas orr�r�o€the estan�oed yma��a cied'u the eaau orer a�e-si�h of tbe atim�od..
<br /> payseds a�b�equ�t•p�Y�6Y Bamwa,at the aptiun o[Mn�rer: If tlte tdal of the pye�ents e�We bY Barowrs .
<br /> :tar i�(a}.(b�oe(c)is insafficieat to piy d�ioam wba�duG thea Bocm�rer sh�if py to Lnider�y�a!nt neoess�Y to
<br /> _ matoe up t6e defi�tia�cY an a befat the date the�o eeceirks duG '` '
<br /> -. As wod in tAis Sa�iry ta�nunent."SecRt�rY"awns�de Soc�eauy of Hauiog�nd Utb�n 1opmept or his ar ba
<br />- �Ia aoy yar in w6icb tbe L.end�er aN�stpry s moit�e insm�oe p+emiwn to the Sa�tarY�.e��i moothl9 P��
<br /> include eitheG (i)an insqllma�t of t6e�onual moetg+ge insa�ana PRmiam to be p�id by l.a�der ta!he
<br /> Secteta�►,a(u)a momhtY�ha8�in�ead of a tnottg�ge inwranoc paniunt if this 5ec�uity Inscnupan ts heW by dre
<br /> = Sec�y. F.�cb manthi�►inqallmeat of d�e ma�tga�e iu�uru�pRmiam sbaU be in an amown sufficiant to accumW�te tbe
<br />__= f�p.auW mo�t�e imot�oce pemiom with I.eMer ona moath priar to the date��y c���� .
<br />-_=- premiwn is dne w the Sa�re�cy:or if this Scciui t y Instrumeat is 6eW by tNe Sonetuy,
<br /> -= -amouoteqaat to onwwelft6 of oee-ludf pen.'e�rt o f the o�,e.�w d i ng wiac�p d b�W�x a u e on tbe 1vooG • ,
<br /> -__ --- If Bonower tettideis to l.eadcs the fall�yment of all sums secaned hy this Secu�ity/nst�u�rat.Bonawer�s accowt
<br /> shall 6e cn�with t6e 6�laace mnaiain8 fcx�11 autallmaits for itans(a).lb)and(a).and 9ay�mortgage inswr�nre
<br />-�'. r�pn i�neia a+�c Leoder r,as not eei�me oblig�tea w psy w tbe saletuy.a�1.�uaer sh�ll p�ompay�o d.�
<br /> f;f.. exe�ss fiads co Bcxmwer. �icdiateiy prior to a farrtosuie sale af the PtnQeny or itsacqu a►by 1.er�der.Bomnwas
<br />_?,:'; teca�ot slall be cndited wiih aay bat�oce ntm�ining for aU installments for ite�ns(a).(b)and(c� `_--
<br /> - -° -----..-3�pAi�e�td H�e�.� Ali payments uader Paragraplss t aud 2 sha116e�pplkd by Lender as follows:_ . - - __._ ,�- -
<br /> ;: �,to tl�e morrgage�pmnii,n,w be paia 1sy Lendei to d►e secrerary or co me monthtS►charge by die __-----
<br /> •. Secat�cy iastead of tLe manthlY�8���Pn���ts or rans,and fue.flood and otba hazard _�
<br /> ..r- �,w my wxes.spectal asses�ents.leasdwld PaYma� 8�'01"d
<br /> � � inw�nce piemiums.ast�quii�
<br /> �_ � . gj�,to InieRSt dae oiWer the Notr. of the Nat�
<br /> . :' �to�morti�tion of the prindPal ,
<br />=':�f�;*� . ' �,wlau.chugesduewxlettheNate.
<br />;�, '`' 1. F'ie+���od�OtMer Elszud Ias�rseea Bairower shaII insune all improvements oe t,6e P�vponY•wtxther now
<br />_ �• < in exi�iarce af mbsequeady e�.agam.A a�►Y haaa�s•c�soait�es,and contingencies.inclad'mg fire.foc which Lender
<br /> . ce�aites�aoe. Tdis m.quance shali 6e tnainramed'u�the anta�uats and for thc perfods tltat Lender tequj�+es. Basawa .,
<br /> � shall atsa u�rc aI1 impm�easenu on tl�e Propetry,wt�aher aow in e�istence or sabsoquentiy erected,aSaiTMCt loss by floods �-._..__,��
<br /> �_;r, to the exteat aeq�:�t1 by the S etary All insurance sha11 be carried with compar►ies approved by i.ender. The insurance �;��=_-
<br /> �. paticies��ny.n�newals shal�l be held Dy Leader and shall i�tude toss payable clauses �n favor of,and in a form '" 4 • !���_
<br /> ;,` �caoepisblec��.+usder. ,;�"Jr�r -
<br /> iR1 -st'=;;
<br /> • [a ttre event of loss.Borrower shall give L,ender immediate no�ise by mail. Lender may make proof of loss if not x�- �=:'�='�=
<br /> " msdG promptly by Borrower. Each insurance company cancemed is heneby authoriud and disected to make pa� � ,•"���i,�rv=�
<br />= sucb losv d"aectIy to Lender.instead of to Bomower and to Lender jointly. Ati or any paA of the insaraitce pinceeds Y ;;.g;}t;�.�-.
<br />.' aPDlied bY E�deT.at its option.either(a)to tho«Quction of the indebte�ncss under tl�e Nate and this Security InsWment, y:r..:�;r•����_
<br />: ,..,,_ fust ta a�.3alinquent amounts applied in thc otder in Pmrag���d then ta prcpaytncnt af ptincipal.or(b)to the .�-'•_i;:;;';-
<br /> .� - f+estoradon`or repav of the damaged pr�perty Any applicarian af t5e�cnceeds to the principal s3s�cfot estend or postpone �-=-:°_; �_
<br /> ,i..�y' r 11iS. Afl}� Yt' . '—
<br /> �-_ the ewe dau of the monthlY payments whKh ane refetred to in Pa�r 2.or chan�a the amaa�af such payme .
<br /> excesg insurar�ce proceeds over an amount required to pay alt aua�tancling indebrc�ncss under the Note an�this Security �.. ,,--t`
<br /> - . ' " Instnunerrt sha11 bc paid to ilse cmtity legally enUded thereto. ° =--:�_--
<br /> .•.;�� In the event of faeclosure of this Socurity lnstrument or other transfer of��:to the Propetty that extir�.g�shes the `'�;:��`r=N•,?-
<br /> 4�•'��` - indebt�dness.all right,title and intenest of Bmrower in and to insurance policies in farce shall pass to the purchaser. . : . �,-
<br /> dne
<br /> �-;°;:�`� S. Uocup�ncy. Prr�ervallon, Maiatenance and PraecNon of�6e Praperty: Borr�w�er'� Lou Ap�lieatio�; . �._°-•
<br />= l.e�e6old�. Borrower sh�ll occupy�establish.and use the Propeny as Bamawer a princlpal residence within su�ry d�ys ;���s"r��
<br /> after the exocution of this Securiry Inswment And shall continue ta occupy the Property as Borrower's principal rcsidence ; }:°.�
<br /> , y�.._
<br /> • fa st kASt one yeu after the date of occupancy.unless the Secretary determ�nes this requuement wIU cause�handship
<br /> :: ,.�,:, � for Bormwer.or unkss eaunuating circurtistances exist which arc beyond Bo�rower's control. Bomo�'��15a11 natify . .. ,
<br /> �:�'�.' � l.enders of any extenuating citrumstat�ces. Borr�wer shall not commit wacte or destray.dama�e or subct.�c�aily change
<br /> a
<br /> �'��'`•����'''� *-' tttt Ptnpetty or attow the Pn+perty to deteriorate,reaSOnable wear and tear excepted. l.ender may inspect Q�e Property if the
<br /> �.�":�'''.'�� .•�. ptopetty�s vacant or abandorKd ar the loan is in def'ault. l.ender may take reasonable action to protect and pneserve such �
<br /> '' `' vacant or abandoned Araperty. Borrower shall alsa be in defauit if Boaower.during the loan application process.gave .„ .
<br />� ' ' materiall y false a inaacxate �nfarmation or statemen�s to Lendcr (nr Pailed to provide Lender with any material ,;,,;
<br /> �:-�:::., .
<br /> . ,,.,:�;. � infoimat ion)in conneaicn w l t h t h c loar�evidenccd b y the Note.inctudin g.but nac lim�ted to.representations conaming �.;..�: ,, ,
<br /> � ' garowers occupancy a�Y ti�e Property as a prinaipal residence. If this Secunty lnstr ment is ost a leasehold.Borrvwer thall ±:�,�.• �
<br /> '.;�',,;�,,� '
<br /> • •• ��',4 � comply witls t�fe prov�srons of thc Icase. iP Barrower acquires�fce t�tlr to the Prapetty.the lea.�eti.uld and fce title shall na
<br /> ,;'�'�'•�., fe
<br /> ..: �., be merged�3ess i cnder agrees to the merger in writing. .
<br />. �':�:; :'�'• i. �e�es to Borta�ver and Prdection ot l.eader's Ri��the Praperty. Bartoa er�Pcal l pay all gavemmm� �•. ..:
<br /> , .,,.,....
<br /> or munic�p�i chasges.fines and imposirions that ac�e not included i:i Paragraph 2. Borrawcr shall pay these ohii�atioas on : �,;
<br /> '`�' • � ,:�,'�`'�.:'. �ne directty to Uu entity which is owed the payment. 1f f:�ilure to pay woutd advenely affect Lender's�n�rest ln the �:;�'.: �
<br /> ' ' .�••-. i.enAer's uest BoRawet shail rom tl fumi�h ta L�ttder mcci ts evidencin�thrsc a t�. .
<br /> .' , '4 �rtY�� �1 P � Y D•' P Y� �
<br /> '-.:��:�.0
<br /> ;;;I�:::, . 1 - ;;�. ^x. If Bom�xer fgils to make thesc payments or the paymencs r�uired by i'aragraph 2.or fails to perform aoy other •
<br /> -i;_,:��,• covetwnts and a�ceements contained in this 5ecurity Instrumen�.or�here is s�Icgal proceeding that rtwy significanUy affect �
<br /> _ Le��Cr�dglfts�n the PtopeBy(such as a procceding in banktuptcy.for condcmnaUOn ar to enforce laws or rrgulahaasf.
<br /> _-' _ t1�t i�der u�y do and pay whatever iti nece�.�ary to protect the value of the Ropeny and Len�ler a rigfits in the Property. f ,
<br /> , .�.,.:.:
<br /> :,,�•_� •� including payment of taaes.hazard insursncr and othcr uems mentioned in Paragraph 2.
<br /> '��;_• '•�;' - My amounts dis6u�sed by Lender undcr this Para�raph sfunfl become an additional debt af Bmrouer atM be se,cured _ - - �. ,
<br /> • •'"•''"':�."" fyy thly 5ecuriry lnctrument These amounts shall bear mtercxt fram ihe date of disbursement.at the Nc�e tate.and at the
<br /> ."�' '�. , ,, option of Ls�er.sha116t immediatdy due and payab(e. ' . '
<br />' •`:' ' � 7� Coede�atloA. 'i?�e proceeds of any award or cL�im for damagcs,direct nr conscyuential,in connection with aay
<br /> �� ?�a ' �� candemnuion or other tating of any part oi thc Rope�ty.ar for rnnvey;uxc m place of condemnation.aze hereby as.�ipied : .
<br /> aY � �_,�'; snd sh�l!be ptid to L�ender to the extent of the full am�wnt of the indrMcdness,fhat rcmains�paid under the Nae and thiv. �
<br /> �+s_�' Security 1�tnnnenl. Leader sliall�ppty such praceeds to the reduction of the irxfebtedness undcr the Nae and this Serurity '
<br /> • :, -�'-'`� � �, t'irs!!a say�t�at a�mts app�ee!in the�uckr uled in 3.and tt�n tb ptep�ymcnt af
<br /> _- -- -- - - - pc°v A�ra�h _ _ _
<br /> � ,,..-�i►: _°:° . princlpal. Any appl4cation of the proceedti to ti�e ptincipal sh�ll nul extend nr pi►�,tpone the due datc of the mbnthly . ,--- -
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