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<br /> 1. p�,��t al Priadp�I,iMe�f�nd I.de Clu��{e. Baroww�f�ll p�y�hai due the pdnaip�l of.�d inl�eu as� • .
<br /> tbe d�bt evWenad by�he Nwe�nd I�le ahu�due under the I�iA1e.
<br /> Z. Mo�qhir P�7�t�o�'I�tnw,lewraNee u�d OIMr�. �ort+nwer�hNl includo in eacb monlhlY P�y�� '
<br /> - Io�dl�wjlh the p�incip�l and intercal u sel fonh in the Nale �y l�a�te�.�n imidlmmt ot�ny l�)tua�nd .
<br /> �-` _ �pechl u�mcnt�bvied�w be kvled�g�inst�he Ptopaty.(b)le�old P�!'��a�round raua on tla P►opehy.Md -
<br /> ` (�)p�mlums for inwt�nca iequirod by Pangraph 4.
<br /> �„. F.�ch manlhly inRl�llmeat fa iteme(�)�(b)�nd (c)sbril eqwl o�e•tweltth ot Ihe �nnud vnawu�.�u�Y
<br /> cwimaiaf by I.endar.�pluc aa amount �utficient ro maimain an sdcHtian�l 6d�a�a of na mo+�e �lwn aie•eixth of �he _
<br /> aUmitted�mounts. Tfio tull annud�maunt�ar e�ch itan �hd!be�oeumuWad by I.erKla wlthin�pe+fod enJin�a�e
<br /> ':�� manth before�n ilem would Uccome dotinquen�. L,ender�hall hold 1be amounu colbarod in hust lo py ita�u t�1,(b aud
<br /> �-"�"� (cl boforo�hey becoma deUnquem.
<br /> _��--��- If�t any Ume�he totd of tha p�ymeMs held by Leoda for item� (+�) tb)and(e)��agWher with the futune monthly
<br /> �,���F� payments (or ancl�ilems pay�bie to Lender priar to�he due datei of weh iteme,oxcadi by moro th�r► aneaiK�h the
<br /> : � eR�im�tod�mouw of pa�ymenus rcquirod ta My Ruch itemt when dae,and if pa ent�on�he No1e�B cument,then Lsneiee
<br /> --_ _ —_�"'�`�t� ahall ei�her refi�f the exces.a over nna•aia�h of�he e�e�im�ted p�ymenq or c it the eaceas over ane-sltlh at Ihe eatitn�ted
<br /> "` ! paymenus to subeequnN p�aymcnu�bY Borrower.at the oplon of Homnwer. If Ihe total of the paymenU�mpde hy BoTmwer
<br /> �,�' � �:�,�,',�,- for item(a).Ibl.or(c)is insu(iicieN lo p�y the item when due�thai Bomnwer thRll p�y M l.ender�ny�ntount neau�uy w
<br /> �;, - .,,-`" . - make up 1he deficiency an at before�Me d�te 1he item beeomei due.
<br /> ,•�iJ14s'�01'. • As used in thi�SecM�i�y Inst�w�ent."3ecrctary��me�nt the Soael�r ot Housing u�d Urbwn Davelo�nrn t or bie a her
<br /> --�k,w �'���'.�' �. � � "T' • deaig�c In any yer�in which lhe L.ender muat �manaaje imwaooe premWm W the Secrctuy�e�ch moiMhlY WY�W
<br /> •--�,._ �..:....:. ... .::.•��
<br />- ,tz:::,...:.. »:lY' ah�N alw inclwb eilher. (i) an imtdlmem �nnwl mo� fmsw�nce p�mium to be paid by l.a�der ta the
<br /> �.r,� . ...,. ' if Q�iA Secudt In�trumet�l ia Meb Ihe
<br />- Secrctary.a(ii) a monlhly chuge i�stead�f a mo�gage i�uu�e p�em� Y �Y
<br /> �•.:.t_:`.: :' .. Serntauy. F�ch monthly inslallmrnt d themn�aae ineutence premium�116a In an amount suf'flcient to�ocumuWc�e ---
<br /> �� ,� , full annwl moAgage inw�r�ce prmium w�'th Lender a�e monlh ptlot to tbe d�te �he full �nnual mortasge insur�noe
<br />• p�emium is due to�he Sec�et a ry;ar ii Ihis Securily In:trument is heldby tMe Sa�tup.each monlhly chute ahwll be io m
<br /> ,� � �maunt equal ta one-twelf�h of one-h�lf pereent o f the oulatanding princ ipel halsn�d u e on 1 h e Nate.
<br /> If Bort�awer tenderx to Lender 1he full payment of dl euma�eewed by o0iis Seeu�ily Itu�tnunem,Borrowerk accauw
<br /> �:,',;: shdl be credited wi�h Urc balance�emaining for all inst�limenta for items (a), (b)and(c)and any mortBeBe inRUau�ce _
<br /> '' � • ,%:.;;�';;,�. premium inslaliment thet l.ender ha.4 nat bocome obligated w psy to 1he Secretuy,and l.cr�dcr shvll promptly r+efund an
<br /> , . ";,+;;;,;;;:,�''.� exces.c fundn�a Borrower. Immedia�ely prior to a Poticlaau�e e�k of the Ropeny or its�cquisition by Lender.Hotrower�
<br /> � • _ ; , . aocount�all be credited wi�h any balance remaining for all inslallma�b for items(a).(b)and(c). _ --
<br /> 3. Ap Iicatlon otP�ymeoh+.. All payments under Pusgt�phs 1 md 2 ah�io be appliM by Lender aa fdlowx:
<br />_�;.�_ :";T=_-- - _.='; Qa$�to�he morigage insurnnce premium to be p�id by l.ender lo the Sec+etuy or to Ihe moMhly chuge by�he —
<br /> � ° ' Secrcte insteed of the monthly mortguge insurance premium;
<br /> . �.to any taxes.+�peclal asseasmenta,le�usehold psymaus or ground renta.tmd fi�.tlood and alher hazw+d
<br />_ _ __ _ � ' incu�ance priemiums.ax�y m�ed:
<br /> �,'"�.' , THIRb,to intercsl due under�he Nate; —
<br /> :� • • �OURTH,t�amar{;�,�tion af Ihc principal of the Note;
<br /> ' ;•.,;,:•, FIF1 Ff.ti►lotc c'l�arge�dne under Ihe Nae. _-
<br /> . . •.�:; • 4. F�rt,Flood and il�0ie��Ixuard Insuraace. Bomower s'ha11 Lnure afJ improvemems on�he Rapeny,whe�her nuw �
<br /> ,,,c;ti�:'.���i . in eaistert�e v�subaequemly erecied,ngainst Any heuir+dx,cawal�3w.u�d contingencies,inrrlu�ing firc.fcx which Lere�kr `;x
<br /> re uires insurance. 71�is insurana shall be maintained in the atrtoun�i and for the pericxls 1�hAi tiender rec�ufres. Borrc*�tier �- `a
<br /> r �•�" shwll also ingure ali impmvemenla an the Pmperty,whether now in exi�tence or xub�equent03•er�ctxd.agAlnat lo4a by Il�s �.
<br /> �� . to the eatem required by the Secretury. All insurnnce shall be carried wilh compankR approv�d h}Lender. 71ie insurame ���.`�'_'
<br /> .. poNciec and nny renewala shall be held by l.ender atd aholl include losa payable c lausea In favor a f, a n d in a form ;.,��;
<br /> acaplablc to,Lendcr.
<br /> ' "` In�he cven� of'Incc, Borrower shnll give l.ender immediate notice by mail. L.ender may make pr«►P of lovs if a�t ' "
<br /> ���r,•;.. made pmmptly by lic�rrower. Earh insumnce company concemed la hercby authorfud and directed la make payment G�r �
<br /> .. . such las direclly to Lender,ins�end oi ta Barrower and to L.ender J ofnQ y. All ar any pnn nf Ihe insurance pmceedc mny be
<br /> , �.',:...� npplled by l.cnder,et i�a op�ion,ei�hcr(a1 to Ihe rcductian of the indebrodnes�under the Note and this Secunty Instrument, �; .
<br /> �._S ' firxl �o any dcliuyuent ao�uunts opplied in the ordcr in 1'aragraph 3.u�d thcn to prepaymem �f p�incipnl.M (h) �o the
<br /> ;:.�1`� ' '•" restoration or repair of�he damoged pmpert . Any application of the proceods to the prinripc�l shall not extend ar pos�pane
<br /> e y �
<br /> �:.�.:.;..:�, �` the due date of�he monthly payments which are refemed to in P�rag�aph 2,or chan e the Amount of sucM payments. Any
<br /> a g
<br /> ' . ;:,,�;5, ;.,r. excecs insurance pnuceds over nn amuunt reyuired to pay ai]ou�ing indebtedness under the Note and ihis Sec�riiy �
<br /> � . . •• . Ins�rumenl ahnll he paid to the enti�y legnlly emitled Iher�eto.
<br /> (•�`' `. tn U�e evenl nf f��rccl��surc��f Ihic Secu�ily Insln�ment or other Uanafer of tille�n Ihe I'rupcAy tlnN cxtinguichec Ilx ��
<br /> ` iiKkb�cdikxs.idl righl.�idc�md in�crcs�uf l3oROwer in and to Insunn�xpolicies fn furcc 4ba11 pacs w tIM puRhaccr.
<br /> S. (krupanry. Pre�servaliun. Mainlenance and Proteellon oi the Propertyt Borrnwer's Lnan AppllcAlion; �
<br /> l.easeholds. Nnrrower shall occupy,es�eblish,nnd use the P�opetty ts Borrowerk principnl residence within siaty daya
<br /> �� � ufler the execulion of Ihic Security Inalrument and shall continue to occupy the Property as Bnrmwer's principnl recidencc
<br /> ` ; for at least nne year ufler�he dale nf orcuppncy.unless the Secretary delermines this requirement will cause undue hardahip t •
<br /> " � fnr Bormwer, or unless extenuating cirewtis�ance� eaisl which u�e beynnd Borrowerc control. 8ortower shall notify �
<br /> � ��' LenJerv of uny exlenuating circumslences. Bo►rower ahall n�t commlt waste or destroy,dmm�ge or vubslanlially change �
<br /> �� Ihe Pmpeny or ulluw the Pmperly ta tleteriorn�e,reasonabk wear and lear excepted. Lendcr may in4�ec�Ihc Pmperty if the �
<br /> `�,: •T �` Pmpeny is vncunt or abandoned or the loan ic in defauit. Lender msy take rea�anable ac�4nn Io prnterl nnJ prcserve such t
<br /> ,� , � �' " vacan�or obnndoned F'�operty. Borrower shall ulsu be in defauft if 6orrowet,during �he lunn npplica�iun pmcesa,geve � .
<br /> ,u�, . �'ij� ;;;; �;��� �� materially falsc or innccurnte inf��mm�ion or s�ntemems lo Lender (or iailed ro provide Lencter wi�h any mutennl j
<br /> , ;'„ infnm�nnnn)in r�mneclion wfth the lonn eviJrnred f+y �he Note,including, hw na limi�ed�a,rcpresenlnliunx roncertting .
<br /> �;,i'' '° ,.,, ,-,' . Borruwerk iwcupuncy ut the Propeny ns a rri�xipnl residrnce. lf Ihls Securiry lnstrumenl is un n Ientichrld,Bom�wer shnll .. �
<br /> �'�"�. �, ; ::`'`,. , •��i�''� com I wi�h�hc ruvisioos of Ihe lense. It Burrciwer ac uires fee tide to Ihe f'ro tt �hr feasehnl�nncl 7ee title ahell niN ;
<br /> ��k;. ... . • � • ���. P Y I► 4 P� Y•
<br /> r':��..; _ ,,,..,,. �?: .
<br /> ,,,,,,.. +iy .,�{.��,....;:,::,.'. ,.,•, be me�gcit unlcss Lendcr ngrees to Ihe mcr�er in writing. �
<br /> , r.,',S,;'.'.�;.:,'� ��:,... 6. C•h arttes tu t{arrower un d Pro tec t lon o f L en der a l i d�h ls i�the Praperty. Borcower shnll pa y all gcrvemmenial �.
<br /> ,�y S.' .'�;:•' : ,. nr nwnicip,d chorges,fines nnd im��siti��na thu�are not included In�hragrnph 2. Borrowcr sMall pi�y�hesc a hligu�i�mti„n
<br /> ;��t c(�`;'i`�?;1'+1;`�'�t''.'
<br /> , y4,,,�:,t.�,,.,�.,,...; :.• lime direcll y to Ihe eniiry which is c,wed 1he pa yment. lf faifure ta pay would adver�ely uffect Lcnderk intcrex� in Ihe ;
<br /> ` Praperly,upon Lender'a reques!�orrawer sha10 promptly furniah to L,encDer receipta evidencing Ihr�e paymenit.
<br /> ",` �° . If Borrower fails �o moks �hese payments or tt+e payments requind by 1'aragrnph 2,nr fnils to perform any othcr •
<br /> �"!�?� �,.,.a��'`.: st.���' __a______...__.....�:.....a i.,d.t�C�.....f...t...�....w..� ...J...+3v r I�nsl�wr.n.wline IMnI mav aionirranllv nf6�r�
<br /> -----,1 -�--1-!i����r�"�`�Tr' NIrGi��ln9�Inu rC�bu�Rn�n�.�mmuau w��uu.��.Vwu) u m .. uq v.w �•.... �0.�.�....���.....�...»...... .._�.....'_".. ....... .
<br /> � �.•'�;..� : �'; Lenders riglqs in the Prope„v(surh a�o proceeding in�banicruptcy.for condemnalion or t�enfarce�awc nr regulnlinnc),
<br /> ,• ' , ' t.(:`�� .:•.�~:• Ilun I.�iKl�r may�N�s�QUI�:iy whhtcver i�nece4snrv to prottct the va9�e of the Pmperty and Lemlrrc righta ln the F'ri�pchy.
<br /> '• � ° ''''`;1 ".i:'.:• imlucHn ro mcnl nl'iares.hvaril insw�ncc a�o�w0�er itemamenllorred�n'?nra ra 2 •
<br /> ' •, ��;,. ,,. . !:I Y B
<br /> � j��' ,���•,., � ,;; • Any amounla Jisbursed by l.ender under a9�ie 1"aragtaph sha17 become nn ad hinnal dcl►t of Burra��er and fir trrurrd
<br /> '���!`�,'.'1 �,.''r'�''+•;�`,..,:� ' hy Ihia Securi�y Ina�nnncnt. 'll+ese mm�unt4 xl�al�hcar intertet f�om the date of di+�lwrsemeut,nt U�r Notc rair. mu!�+t �hc
<br /> ':�f;::'�:'�;'•."''`! �►pliun uf L.eneler.xhal l t+e immcd'aatety due and payahle.
<br /> � ��"'.}",:�:• �`� 7. CondemnaUon. 'fhe praeeds nf any award or claim�'�or damages,dirert ur cnn�yuentinl,in ronnrclion w•ii'h an�•
<br /> I � ' , �,;.,,�:: ',
<br /> ,,? �i�" , candemna�ion or olher laking nf any pan of the Property,or for conveyance in place of cnndemnnlic►n,are hereby nssigned
<br /> > !`� ' ' and shull t+a paid�o Lender to�he extent of the full amount of the indebtedness�hat mmainx unpuid uixler the No�e nnd thfx
<br /> ' � '•' �� Sccurity Ina�rument. L.encler shall apply such pror.eeds to the rcduction of the indebtednesc under�he Note und this 5ecuri�y
<br /> �'� � Ins�rument, fincl In any delinquent amouma applied in �he o�der pmvided in Parograph 3. and then to prnsyment ��f
<br /> ' ' principal. Any npplication of the pmceeds to the principal shdl not eatend or�4t�C►ne�he due Ja�e of tl�e munUdy
<br /> � �.
<br /> ��v„►�t,��M,a�u �
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