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<br /> . • tbe d�bt evdenc�d by tbc No�e aod�cb�a dae�der�Le Nale. ��a6�U include in ach pyme�.� .
<br /> x M..WS r.�d'!1�r.�r,i.a..a a�r C'�e'' �►
<br /> _ �� _ �to�et�er irhh tbe p�rn�cipd aod inkmc i,set fatb ia d�NoOa ao�any late c4�ra+es.�iastalimem oP aoy(� Iaices�ad
<br /> speciai�kvied orto bc kvkd�iidt-tBe pr+ope�ty,(b)teueboW papmmanc g�am��s dn tire pbpaty_:aa�d- -_ _
<br /> . . (c)p�emiams far msar�rroe zaWired b7►PanBr+Pb ` '
<br /> . .� � Facb maathl�r`instaltanot for items(a).tb)aad(c) al�.eqaai a�e-twelfth o�the��uHwi amounts.��e�soo�bry
<br /> � �ted hy..lrader. an�mo�t sufFicient to m�nq3u an addi6ao�1 b�i�of nat moc�e t6�ri cno-siuth of.t�
<br /> atima�e��mamts. �fuU amwl amount fq�each itent s6att be acc�naLtea i�y i.ender within s petiod eeding one
<br /> � a�oath before�o item aaaid bocbme delinqueo� I.ender aball hoW the amaaus colkcted in tiust w pay items(aj.(b?�' .
<br /> (c)befaa t6ey bxane detioq�ent. -
<br /> - E tf at any tirae tbe w�al of the paytneats beld by Lendar fa items(a),(b)�ad(c).t�t�er with d�e fudu�e momblY .
<br /> payn�eab far sucQ=�oems pryabk to Ltoder prior w thc du�d�es of such items.ex by roae dwa oae-siuh the
<br /> _ e�ted amamt of P�Y�����Y such mms wt�as�e.md if P�►Yments cn We Nwe m cumen�dx�t I,ender .
<br /> � aluII eiti�nefuM t6a,eacoess over af t6e�im�med Po►Yments a ct�t the euoess over ooe-aixtb of tAe eatinnted
<br /> - payment4 to wb�aNa�t PsYments bY�o�mwer,at thc option of Bonowe� If t�e tntal of the psyments tuade by Bonower
<br />-- . fas ixm(s),(b?,or(c)�S snsuffici+rnt tu pay tUe item arhrn due.tlxa BoQawer sball psy to l.��der sny amouoot necessary to . - -
<br /> _ maloe up y�e deficiency an orbefae tbe date tLc ium 6ecomes doe. - - -
<br /> -=_- � As aaed in tlus Sa.�airy Instsument,"Secrc�r9"mans tl�Soc�tary a€Hatcing aad Urban Revetog�ac,nt or 6is ar her '
<br /> =gpe�1n o►y Year in which the L�ider must pay amatgage i�a�re pcemium to the Soctec�ry.e�ch mand�lY P�Y�� ' _
<br />� er
<br />�:t°, _ shal[aL90 inclode either: (i)an instalhnent of ti�e a�mual mortgage insuranct p�emiam w be paid by l.ender.ta tbc.
<br />-:�. � Soce�t�y.or(ii)a moothlY chac8e instead of a�ortgage insnr.u�ce pc�mium if this Seconty Insauument is ddd by We.
<br /> =':�_ ,.._ E�c1►moathly instAl�of tlte.m�8�8���P�am sbaU be in aa�nount suf�icieac to accumnt�t+e t��
<br /> _-_ �• - ��. -.-- S�t�y�o�i mort�insurance piemiir�t with"f.ender one month prior to tlie ciate tLe fuli aimual aartgag��noe . .
<br /> - I � �Insuumeat is deld the Sa�etary,esch munthly ci�arge sbaU be in an�
<br />- �:- . .: p�em�n is due to the Sa�eta�Y+or if tbis : � --
<br />.;;'y; �tnaa�c equal to one-twelfth of oac-hatf peccart a the ou�an�ngP�inc�Pal bat�xe doe on the Note.
<br /> •If Borrawer tenders m l.endec tbe:fWl payment of s1�1 sams secand by this Security L�strument,Borrowt�t's acoo�u�c
<br />-"r " shaU ba c�editad with tLe .balanice.iotaainiag fa ail nutallrtienu fot items(a).(b)and(c)and an mo�tgage Inw�
<br /> '' ptemiym inst�liment tltat I.ender hag not beco�ne obGgated to paq tot6e Sec�etary,aed I.ender s aa�► . ----
<br /> refund
<br /> � excess fuads to Bornnwes. Iaunediauly prior m a fonclosu�e sale of ihe Ptoperty or its isirion by�i�,u Bomnwers r_=
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<br /> -_ -' - - - .-.3 Applia�n,otP�yments. AII payirtents under Paragaphc 1 and 2 shall be applied by Lender as follows: - .:. �,t±�-- -
<br /> s ---_— "� ---.�so t�e mo:tgaSe�nsivaace p�eniii�m toT�e.paid by Leadcr ta���tathemonthiy sharge by tiie - �:.�, _
<br /> _= j --- - - �-
<br /> , �` Seaetary instead of We mon6sly moRgage L�surance p�emiam; -- -- f�.�. -
<br /> •. •�p,to arty taxes�apecial asse.ssments.teasehold payments or ground rents.and fin.flood and oi1�a ha7and �
<br /> ::�� � ���,���; ' .. " �. =
<br /> - �Q,to intenestdne underthe Nate; . ' . _
<br /> �� �,to amorti7atioa of the principal of tt�e Nae: . _ _.
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<br /> �,to late chazges dae undes the Note. ` � =::�
<br /> � 4. Fi�Flood a�d Otie�H�tad In�ueanoG Bomovuec shail inswe aA improvememu an the Ptnperty.whetlKr naw �---._
<br /> . _ in existence or sabseqaentty enctcd,against any hazard4.casaalEies.and canti�genc�es.inctuding fue.for which Lender =__-__�-�._
<br /> • . requins insurance. This ins�srame sTtall be maintamed in the amounu and forthe Qeriads that Lender tequires. Bortower •�;�=� -
<br /> L�� slsall also insure al1 improvemenu on the Araperty,whether naw in existence Oi subseqnently ererted,against loss by floods -��,- ;
<br /> to the eatent nc{uired by the Seenetary. Aq insurance shall6e catried with companies approved by l.ender. The insurance - ''y',.° .
<br /> a: _ policies and any rertewals shall be held by Lender and shall include toss payable clauses in favor of, and in a fom� ��,°i�`��y;;;}'s�,
<br /> . � ; .' , acceptable w,Lender. -;-�,...: --
<br /> In the event of 1ass.Borrower shali give Lender immediate notice by mail. Lender may make praof of loss if aot ..
<br /> ` made prompttY by Boaower. Each ins�uance campany concemed is heceby authorized and dinected to make payment far �. .-�" -
<br /> �°;� sucfi loss dlnctty to Lender.instead of to Borrower and to Lxnder joindy. All or any part of the insurance proceeds may be . . ,_....
<br /> � ' app tied by l�nder.at its optian,either(u)to the reduction of the indebcedness under the Note anrl tiris Securiry Insuument, � �_ ��.°i. ••` °
<br /> firat w any delinq�uent amounts appl�ed in tlie order in Paragrap� 3.and then to prepayment of principal.or(b�to ihe _�=-_1�
<br /> �`.�,. testoration or nepau of the damagc�£i property. My appllcation of the proceed.q to the principal shall nat extend or postpone . '"m=
<br /> . .,; : the due date of the monthly paym�ts which are referred to in Paragaph 2.or change the amaum af such payments. Aay • '�:_'
<br /> � • eacess insurance proceed.g over an amaunt required to pay aU outstanding mdebtedness under the Note and this Security . _
<br /> '' Instrument shall be pai�to tl�e emity tegally enaa6ed thereto. �''�--
<br /> � ]n the event of foreclosure of this Securiry dnswment or other transfer of title to the PropeAy that e7ctinguishes the . �•�•f:�-
<br /> .- r. indebtedness,all rigAt,dtle and interest of Bomower in and to insurance palicies in force shall pacs to the purchaser. •.:i;�
<br /> . • . :�,.i g, pocopsncy, Preservation, M�intenance and Protection of the Property; Borrower's La�n Ayplkalloa; � M1„�:,-
<br /> ' �.': . 1.ea�eiold�. Horcower shall occupy.establish.and use the Ps�rty as Borrower's princ9pal residence within s�aty days :• ,: _
<br /> • after the execution of this Security lnstrument anc!shall continere to accupy the Propeny as$onower 9 piirrcipal restdence �� � �.
<br /> :'•� for at kast qie yeas 3€ter the date of occupancy,uceless the Secretary determiaes this requirement wiU cau�undue hazdship .
<br /> . '�� for Barrower.Qr c�ess eutenuating circu�fislaetces exist which are beyac�d Borrower's control. Boaower shall aotify � •
<br /> � � l.ende�s of any exael;iating cireuctsstances. Borrower shall not commit wasEe or de�troy,damage or substantially change ���
<br /> _,� .' the ptoperty or altow.the Property tadetedorate.reasonable wear and tear excepted. Lece�er�ay mspect the Praperty if the . �.�,:;'.::
<br /> ' � �- •-=��� ' property!s vacant or abando�arti�e Ioan is in defauit. Lender may take teasanabte acz"rvn to pratect amd preserve suci� , f- - - ,
<br /> � " � vacent or abandoned Yroperty. 8onower shall atso be in defauh if Borrower,duting the toan appluation process.gave •
<br /> materially false or inaccuratt �nformation or �tatements to Lender (or failcd ta provide l.cnder w�th any matedal �
<br /> ,. �� .�; infarma Hon)in wnnection wi�h the loan evldenced by thc Nnte.including.hut not limited to.representations conceming
<br /> - � $orrower3�occupancy oP the Propeny as a ncipal residence. If this Secunty tnstrument is on a teasehold Botrawer shall .
<br /> _ '•.:��.;�s;�: � comply witlj Ihe provtsions of the leace. I�larrower acyulrcs fee tiUe u+the Praperry.tha teasehold and fee fi11e shall nat .
<br /> _ •� be merged unles.s L.eMicr agrees to thc metger in writing. �r •
<br /> � ' ' 6. Chu�es to Borrawe�and Protection o�Lender's Rig6ts in the Property. Horrowcr shal!pay n11 govcmmental
<br /> '-= `=�-" or munieipal cnarges.fines and impositions that are nol included in Paa�raph 2. gortower shall pay thesr obhgations on i
<br /> �;V:~ �
<br /> - � :��`''`'''`�'� time directfy td the endty whlch is owed the paymenG If fuilurc to pay wauld adversely s�ffect i.ender's interext ln the G '
<br /> - _ r Yt�nperiy.upon Lender's request Borrawer shalt prompdy fumich to Lendrr rcccipty evidenring thetie payments. i -
<br /> � �_�� . If Borrower tails to make these payments nr the p•rymcnts reyuired by W.uasraph 2.or fails to perform any other � ,
<br /> :�:,�� . r,ovee�nts and a meats cantained in this 5ecuriry In�wment.or there iti n legal proceedinb that m�y signific:u�tiy affect •
<br /> , • � _ Lender's rights��he PropeAy(such uc a praceeding in bankruptry.for condemnatian or to enforre iaws ar tegulauons). �
<br /> ° - then Lender may do and pay whatever is necessary to protect the value of the Ptopedy s�nd Lcnder's tigltts in the Roperty. . •
<br /> -. - - , - incf�ding paymene of taxxes.h�t:ud insurance and other itcros mcetiuned in Paragraph 2. � !
<br /> • ' ' Any amounts dlsMused by Lentier under this Para�raph chall becotn�an adddwna)debt o1'gartower:u�J br securcd . ,
<br /> .v�r,� _ by ttils 5ecurliy Inswtnen� These amaunts shall bcar mtercst from the date uf�isbnrsemcm.at fhc Nnte rutr.anei:�t thc : .
<br /> . . ' option af Lender.shal!be immediately due and payable. � � .
<br /> '` ,� 7, Caedemeatiou. 'Itie praceedv of any nward or rl:tim fot d�m�ge!i.direct ar cunsequenti:�l.in cannecticm with any : , .
<br /> _,�,. � eat ou.
<br /> , ca�demn�tion or otlier�aking of any pan of the Ptoperty.Of fOt C(idYpyance in place u(conctcmn•rtic,n.ara f�reby assi�ncd �
<br /> • =•��'� ��-:�.�� . � and shall 6e paid to Lettder to the extent of tt�e full amaunt af the indebtedncss thrt mmains unpald urtfler the N�te and thiv ; •
<br /> --- - -=-�---�--�.-. . 5av�ity Inunintene._l.e,xkr,shal!appl�such pmceeds to 1hr te�luctiun ai�he indebtcdnea9 wuler�hc Nntc and thi�5ccurity '�--- ---—
<br /> •� •, 1a+tnueent.first tv any delinyuent�mount�applied in the order pcovided in P�aragrrph 3. rrid then to prepayrde�l at -
<br /> , Oriecipstl. My applicatit�o t tlte proreeds to the principal shall nqt rxtend cx p��tpanc thr dus d�tr u(�hr monthiY . .
<br /> �� - - .
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