|
j�� '�r ., . _ _
<br /> � '` � ....-.�r��m�r.. __.
<br /> -�'t��� '4�
<br /> -}i� . � ;'�L,..:-�-:1""F'r_..r....__.y
<br /> ..' '
<br /> �� r._"_. � . . • .
<br /> _---_ '93+' so:�eo
<br /> 1. �y�ent d IMndp�b I�1�d LMe Ci��e. 9aiv+�dpol p�y when due Ihe priacipd of.�nd iiNae�t ati
<br /> d�e d�b evidenoed by Ihe Mok�1�ch�t�a dua w�de�dr Nolt.
<br /> 1 Ma�INI�p��lr�t b�I�aNOe Mi OII���, 8p�rower shdl include in e�h n�o�Mhly pqn�,
<br /> .. tose�her w�th�he rnincip�l wd inte�t u sd fath in the Pla�e�niany I���te¢lwrte�.�n im�t�llmcnt af�ny U)awa and
<br /> ��s!'f; Rpecid au�unxiNt kvied a to be kv�ed��ains�the Propaty.(b)irwhdd pryn�eeu ar�raund renu on Ihe I�opeAy.aad
<br /> -H (c)Pr'anium�far hiwrmce rcquMod by P�ra�aph�.
<br /> w
<br /> P�ch maNhly inqdGaaN tor itena(�l,lb)ind(c)�haU eqwl aie•twelflh of Ihe uinwl �moumo. a aawnably
<br /> '4 estim�ted by Lender. plw m rr�ouM wfricient w nuinttln a ndditit�l lnlu�e af ool mo�e �h�n one-�iRth af the =_
<br /> eqim�ted�mounu. Tfia full annwl amoum for each itan�iull 6e�ccumul�ted by Lender w i t h i n a periad e n d ing c�ne
<br /> mnMh befon�n item would beoonK deNnquaq. t.ender rnll hoW the�mounu oollxted in Inul to p�y ile�tu(a1.(bl wnd
<br /> �-,,:,.,,,m.,;-_ (c1 befae Ihey becana delGw�uait.
<br /> � If u any Ilme the�oW oi the p�yma�1�held by L,e�der tor itaau(�)�(b)�nd(c).�agether w1�h the futuro montbly
<br /> ---•• paynetticc for Fuch ItemF pwyabla to Ltndcr prlat to the due dsta of tach ilems,excaM by mo�e th�n one-AiRIh �he ___._
<br /> —°— sx e�aimned amount of tnenla rcquirod b pa euch item�wlwn due,�nd if on�he N�te are currcnl,�hen L.emicr
<br /> . e�.� _'�,�: WY Y P�.
<br /> -_— — r�Lw:.�:��� � Rhall either�efuod Iho cRCes�over one-sialh af Iha aRtlmnted p�y�n le or c�eacess ove�onc-r�amode b NoRO� __-
<br /> payrt�rnu to�ubsa�ueM paiyments by Barrower.a�Iho aption ot�o��sr It drc Rot�l ot tir pay� 9
<br />� T .. ^.., for item(a).(bl.or(c)is inwflick�w to p�r Me ilem w6en due.Ilbn Bar�oMer sWl p�y b l.e�de�#n�r ataum neceRS�y to
<br /> � . . t��'r�i^"�x, mvice up�he deticiency on a befo�+e the dre drc ite�o bocane�due.
<br /> � � r,��j�'�' ..,,� . A��ed in this Secudt�r lur�wnent."Sec�etary"ime�uait Ihe Seertla�y ot HousinE ia�d Urban Qes•elop�n t a his�r Uer
<br /> _ A`••..,.... „ deai�. In my yeu la wlikh tAe[.en�ier must psy a mat�,�e i�w�uoe p�emium Qo Ihe Sa�euuY•each manthlf Py�
<br />- ` •.�.'�d'v�.Y��,t�`.M �YI alsa include e��her: lil in inatallmenl af Ihe �pmwl mo�tp�e issarmoe ptemium to tK paid by l�ender �a �he _=.
<br /> . 4►'�.- `�sw _ Sccrclpry,cx Ili1�n�athly clwrse iaWc�d of a mo�tg�ges ht�lamoe ipretnium(f Ihin Sncutily Im�ln�menl i+�held by 1hc
<br /> ges
<br /> ���. `�..,� �,� .. Secrctary. �h madYX ins�llment of the ma�tgage inwrance prctnipm�hall6e in�n�mount suflicient to accumulate�he �
<br /> •�,-., �- . �. -
<br /> lidl annu�l moitga�c a►curance pnemium wlth l.ender one monihp�r to Ihe date the full umual moiig�ge inRUrn�x�e
<br /> + � r premium iR due to 1he Secrtary;or if�hia Secu�ity In:qument i�hel� the Serreury.e�ch moMhly chuge atull be in�n ��.:=
<br /> i. , `�;I.. . ., ��,�� NIIIOlNII�QIIYI(0 a11C'11k�IIIM Ot dIC-I1YI�PCIClIII Of the au�at�ndinB Princ�l bdance due an�he Note.
<br /> .��r � , if Bonower tcmkrs ta Leider�he full p�yment oi dl wms savred by thi�Security Instnnent.Barrawerh occount
<br /> .•�;ti�. :`�� • � . '.� :' shall be c�edi�ed with lhe balar�ee n�nalnin g for�II insWlmaUs for itans(a1,(b)�nd (cl a�nd any mortgage insurance `'•�
<br /> 'i` � t,�" ,' �+' premium in►sWiment�h�t Lenckr has not ixcome abligued w p�y to the Secreury.a n d L,e n d e r s F�a l l pr o m p t l y rc W n d a n� �
<br /> 1�,,,,. �"�•:=:
<br /> ,r.,��;;.�,. � . excess fw�s a Bonower. Immedi�tel y p r ior to a foroclosurc sde oF the Prope�ty or its arquisi�ian by L.ender.Borrower s �
<br /> .�.:��.���•.. .. _ �ccoam�11 he ciedi�ed wi�h eny balance rcmaining fa all insqllnknis for items(a).lb)end(c). --
<br /> ..i�h:,,••.•xl;�.�...r:_�•.�
<br /> � �r . 3. A ibn of Piytne�ts. All paymenl�under Pu�g�sphs I nd 2 ahdl be�pplied by Lender a.c follaws:
<br />� �•.;". . • . pR$�the maitgege insurAnce prcmium ta be p�id by Lender to 1he 3ecrctary or to lhe manthly charge by the
<br /> ' • mstead of Ihe manthly moAgage iosw�ance pemium;
<br /> �.� �� �E�.to any�wces.special as�asmenu.le�ehotd pr�ymenu ar�►aund Knts.and fire.flad nnd Wher Iw�ard �.,
<br /> .��.;;�; . insurau�ce premiums,�requirrd; -
<br /> - ,',"-;..r ` g�(g�to inle�t due u�der the Nwe:
<br /> � "ti';:�';�'' ,ta amoni�.atir►n of the rinei 10(the Nate; -�—
<br /> � �,')'�:;.� ..
<br />� ',t,,.,, . .�• �.��,lo late char�es duc umckrphe t a�te.
<br /> ES:�;.;.
<br /> ,. . : ,� 1. Fir�F7aod and UIMer W�t�d I�wee. Ba�no+�er daalo i�u�e oll iMp�no�Ymants ow�he Rvperty,whether nuw y�•,`:
<br /> � in existarce cr c,�s�yuenU erert�,agar�rt�n hazards.cuwltia.�uid rnntiager�eiec,inc�uo�ica�'��. for which Lender �:_=
<br />�`.;�;� ',• •+�r•�� requires insurance. T(�is in.cu�r�9u�be u�aainiained in the amouata and for the periad4 tha�Le�dlre requircs. Borrower ,=`=
<br /> ' "' • sh�ll also ie�s�c a11 improvrmedc an t0�e PropeMy.whelher now in eRistence or subsequently erected.against loss by tloods ,���f
<br /> , to the exlent�egwi�by the Secre�ary. All insurnnce ahall be curied wlth componieR aPproved by Lender. The insurance �
<br /> � polici�s and any renewala shall be held by L.ender and ahall include bss peyable clauses in Pavar of, axl in a form �.,
<br /> ;'''' . = acceMabk to.Le+der.
<br /> �;`.._ � In Ihc cvcnl of Mxs,Borr��wcr shnll give l.ender immedfete notice by mafl. Lendcr may mnkc pmni of losa if n�N �
<br /> :�«<�'' inude pnim�l��by Bonower. Farh inRUmnce compan concemed it her�eby aulhoriud end dircctecl to mnke pnymenl fi�r ;:,.
<br /> �•°`� ' ' �c',• . �uch lu4s direcUy In LenJer,io�lead of to Barmwer anc�to Lender jolntly. All or any pan of Ihe insutance proceeds may be '
<br /> „'•.,
<br /> ;r " ; ... ,i;:;•' a lied by Lender,s+t i�s apNon,either(a)to the reduction of tMe indebledneas under the Nole and this Secu�ity Inawment, �.�
<br /> ! . �rsl to any delinyutm amoun�n applied in Ihe order in Paragr�pfi 3� �nd lhen to prepaymenl af principal,or(b) �o the ,
<br /> ', • � . restoratinn or repair of�he damoged pmpehy. Any applicalion of the proceeda lo Ihe prinripal shall nol extend or�►Or►t�xme
<br /> • �he due dnte ol'the mc►mhly payments which are roferred to in Pangnph 2.or change Ihe umnun�af such pnymentr. Any ''
<br /> � ' cxcess inaurance proceeds ovcr a�amvun� reyuircd to pgy dl ouqtanding indebtedness under�he Note and thia Securi�y �,.
<br /> � �.;;;:.� '�' ' . Inalrument 9ha11 be paid to 1he eMi1y legally emiUed thereto. �'•�•���
<br /> � ��,..'_.. In the evenl of farecMturc of this Securhy InalrumeM or other tranafer ot tiUe io�he PnK+eny�hnt exlinguishes the j; '•
<br /> ' � indchtedne��,nll riFht,ti�le mid Interest af Bnrrower in and to insuraneepolicies in force 4hall pnsc k►tl�e purchoser.
<br /> • `�',���' S. ()ccupancy, Preservplion. Malnlxnance and Protecllan of the Pmperlys Rorrower'v Loan AppNcalion; `�'
<br /> cu
<br /> `'� I.easeholdsv. Borrower�hall accupy.eslablish,und use the Property an Borrower�principal residence within sixly days •
<br /> .:':r. ' af�er�he executic►n oi�his Secudty Ins�niment and xhall continue to aceupy the Praperty ag Bnrmwerk principnl n�i�lence
<br /> I � ��t;;'r.'^x,.. , for a�leaw one ycor s�fter the dAte af occupancy,unless lhe Secrotery determines Ihis reyuiremeot will cauce unduc hardahip •
<br /> ' , .E�� for Borrower,or anless extenuating circurtis�ances exist which are beyond Borrower's ron�ml. Bormwer ehall notify ,. '�
<br /> ',� � ".�'��'.� - Lenden of uny exlenuoting circurnstAncea. Bnrmwer ahall not eotnmlt.weste or deslroy,Jnmage or cub�tanlinlly chnn e
<br /> :� � � • Ihe Propeny iK allnw the RY►pehy to deteriornlc,rcaconable weu and teer excepted. Lender moy mspect�hc I'r�►�cny if t�e ,
<br /> I ., " Pmpeny i4 vnrnm��r ahondaned or Ihe loan i�in defaull. Lender mey teke reasoneble action 10 protect nnd preserve xuch
<br /> i �,, ; � , ., �;`; vacam or el►andwied I'r�perty. Borrower shall also be in def�ult if Horrower,durfng the Inon upplicaticm pmresg.gnve �
<br /> �� muterially falxe or innccurate informnNon or statemema to I.ender (nr failed to pmvide I�ender wilh any ma�etlol
<br /> ��`' ; ����"'• � infnnnation)fn connecli�►n with the loan evidenced by the Nnte, including,bW not limiled u�,representa�ions rc�nrerning
<br /> � r�� Bortower's accupancy of Ihe F'roperty as a prfncipnl residence. IF thla Secu�iry Inctrumcm is cm n Ieo�eholJ,Hnn�►wer shall •
<br /> ����,. : � �
<br /> t�rr-:\, ', ; ' . comply with Ihe pmvfsiunR of the knse. IC Hnm�wer ncqulres fee titic to Ihe Prope:My,�he Ieasehold nnd 1'ec�idc shull �xN
<br /> ;�;;,,- ' . ; z.., � be mergeJ unkscs l.enJer agreesic.the merger in wdting.
<br /> '�r;;�` ', � ,��' 6. Charqes to 1{nrrower and Protection o�l,ender'e Rlghfe la li�e Properly. Hnrmwcr shnll puy all gnvenm�cnia0 ;
<br /> .r:,�q•,:•:'�. �'; ��
<br /> ,• .,�, �� .,;;., '�;„; nr municipal charges,fincs anJ Irnpusitions�hat ure nw included in 6�ragmph 2. Borrowcr shall puy�I�rxe obligalions�*ra
<br /> ,: - • time directly�o �he entity which ic owed the payme�aa. Ot failurc to pay would a<lver�ely nfferl Lcndert inteP�es� in �he ,
<br /> .�` , ,, �`:'.::;��; ,: 1'roperty,uran Lender�s reyuest Borrower sholl prom��va;y•fumish to Lender receapt�evidencing these pnymenis
<br /> :,�.,; � 1�_;,'�,;.�;: � IF Borrower fails to make Ihese payment4 or tPx paymenU nqnired by Pnragraph 2,or fuils to perforan �my othcr �
<br /> �--� .§/.1Y.L - • '�" r�v�nents owl�orwrmrn�a rrvfl�lnrd�n d�1e Grurilv I.,un�mn�,�r d�rre is a lec�l nroceedina that mav sirtnifrrnntlY oZSer� �
<br /> '-�..,',,, � � ---z•__.._.` . .- o•-_-••-••----•------ --- --� ------•. .
<br /> : �••�� � ., • ;�:�.;._. Lenderg righ�s in Ihe Property(such ac o proceeding in ban�cru}►t�cy,fot condemnsition or to enforce iaws�r re�ul»>iu�s�.
<br /> � ,. ,•:; '��,�• �� Ihen Lender mny do und pay wMaee�•e�is necesrary t,n protect the vp�ue of the Praperty and Lender R riglus in Ihe Payvemy.
<br /> ' ���.5`
<br /> �" � ,;,��i�t•_ ; including pnymenl��f�nxes,ha»ra!in.urance ancf other uems rmnHoned in Par�graph 2. '
<br /> ' � ' ;,,�,,�.,t,,,; .. ' Any amnunl�disbursed�y Lender under�his Pnragraph sholl become an addilional debt of B��rn�wer nnd i+c secuted
<br /> � � '� bv�I�ix Sccuri�y Ins�rurt�ent. '9i�e:se amounts shnll heur intereat(rom the date oi disbur4ement,nt Ilrc Ni��c r.i�c,smd n� tlr •
<br /> �'��.i"t�"
<br /> ! �. 's• ° � , uption uf l.enJcr,xhall he im�e�edia�ely clue und payeble. :
<br /> � ,�'?��••,• ' ':° 7. CondemnaUan. '1'he proreeds nf any award or cleim for damagts,direct or conseyuentiol,in ccmnertinn wilh aroy
<br /> � '��'••��'`�' f�• :;��,,; � .,', condemnation or other taking df any part of the Pmperty.or for conveyamce in place of rnndemnati�+n,arc hereMy axsi ncd
<br /> ''`' ���` ' end shall be paid tn L.endcr�o IAe extcnt of the full umount of the indebtedne�s lhai remains unpnid under the N�Ae an�this
<br /> It:':;�,' • ,
<br /> � �:� ,;.. „ ,
<br /> . . , �:;..�;. , � Secur�ty Ins�mmenl. Lerder siall apply auch pn�ceedr to the rtduction of the indet�tedneca under the Note und�hix 5rcurily
<br /> ` ' ��f�•''� .•� . � ' Ins�rumcnl. fin:t w an dcli uent amounls� u lied in !he otder vidcd in E°ara rn h i, and �hen �u cpa mcnt �►f �
<br /> ' •''��'"•^�".. rinci nl. An a lica�ion of�toe rnreed.a In 1he nnci 1 ahall t�wt exttnd or R t r ne the due dn�e of Ii�eynxmtl�l
<br /> , ..''.;;.�„�,':,�,k�•;,� P P Y pP P P� Pa W4 W y .
<br />-, • �• '•,;?:',,..�.,�••4,. . �}
<br /> �;I„`i`, ,ti�,i:��' .� f/qq�2rylpORI�/ j�
<br /> ;�•�. ji
<br /> � .'�S',;� .` y
<br /> . .::f:.�.. . ._____.. . _ _
<br />
|