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<br /> ! l 1 p�yincwtofPrincljW,I�ttrepF .ndLwieCMary�e Barcw�'rehallp+ywhend�t�iwMpri�ip'nCof ��ntercstan, .�� `'
<br /> thedtbtevidtactdbytheNaeendlatec�dtgeadueunderlfwNde '� ' ' +.
<br /> �, 14lMt►�TP WY�b V(7lucni I�nas!�M OtMee CM�r�ef,.BorrcweJ eh�ll inctude.in exh monilily:p►ypiRrt, ., :
<br /> - - (oge�her wi�h ihe pdne pd•u�n Inte�esYa xt fath In Uro Nqlq�ed�nyJrte chnrgqa,ui Inninl6fxnt of any.(��Gaca
<br /> . ' npee�d�sKSSmsma bvicd Mtn 4e IayRd p6unit Ua Propeny�(b)leaselald p�yments or groun4 rcnu on�ho Pn�pFl4'!� -
<br /> (c)prcinlum�forinsunncom{�I`Iti�d�bY��figyPha.
<br /> &ich mnmhlp.Ins�ulqnnnt�fan,ltp�p,:(6).(b)and(c)sha11 equal one4welM ot the ennual�emounte, �u rouaubty •
<br /> es�Inwyd by,Lenq4r.� pIqi�n�A0ltlupt�sufflRknt to mainWn an wldidon�l bnlonce of not.�c o tlun pne•slxth ot the
<br /> - al�mxte�amonnia:-'Il�n L��hrynnUnil tpS�11tli'for each Item shall be aaumuia�ed by I.ender wi�hin a peilad endin�oae ___._
<br /> momh bofero�n Ilrnt�WpliL6AECdthn:�dllUq�xnt. Lender sh�ll hoid thc omanu wllected In�NSt to p+y t�em�(ih N)� _
<br /> (c)6efae�hoy 6ecame d.utinqll�nl;c � _
<br /> _- 1F�t m limq tl�a IriC T Nt�t1�0 payrnents t�tld 6y Lendcr Por Ittmt[a),(b)and.(o),togctMr wi�h�hc fuNro monthly --
<br /> p�ymepie Poq.auch IteptP RPy9Oln�tb;�Le'?der prlar ro�ha duo dato� of such iieml,cxcud+by more�un one•ainth�6i7
<br /> es�in�ifed omptimLo6ppyAlpn�A h�pl I�Rd�rn,pPY:auoh Uema when duc,and if pa, ntn on iho Nota are cumnb�hen I.endet
<br /> r,h�IteitherroNndthnoxpxapver�n�.sin4l��otp�R�siimhicdpaymentsorc � rt�heexceuovcrone•six�ho[Uwestimated _
<br /> __--___- pavmenta m cubuqnnnbp(�pnii+ilin hg�}farmtt2ti•nt�lha.n�tion of BoRO�ver. If�he tmal of�ha paymenu m�de by Hotrower .._._
<br /> � --�—'-- - foi i�pm(o),(b),of(c)�{ti�tltal(Afri4tltdt�PpY.�I A��lbiv7iPn.duc,�hen Bortowcr shat!pay to I.ender any amount rauss�ry W —
<br /> makeupUiedeficienay_on.onbefnm�hn.dinn��n�tintt.becomeeduo.
<br /> Ae uscd in tAls&c�:tiYit��Lirmimant�"Sl:CNiAfy"mcans�hc Secrctary of Hasing and UPoan Derelo,mem or h�a Acr
<br /> dulgnee. (nonyyrAnlmwhn6iihp.Ltlnd�rcmns�pay emongagainsurnr.apremiumtotha5arctwy.cac6mon�hlyp�ymsnt
<br /> sh�ll also incfudo eithnr. (i).am.inqnlhnnnt of the ennu3l mortgage Insurance prcmium ro ba paid by 4ender ro ttw .
<br /> — - Surclery.or(iiJ o mnntlily�chMpR•�nUaOA of a mongago insuronw premlum if thfs Secunty Insaument Is Reld by ttw
<br /> Sarctery. FnchmnnlLlp•lnqnl6npnl•uFthamongageinsur.+n�epremiumshs116etnenarnountsufficienttoeccumulale�he
<br />- _ _ NII ennnnl mnrtgp�yoJdrt�mnce-pmmfum with Lsnder ono month pdor lo Ihe dste the full ennu:il mortgage Insurance
<br />-_ -. prcmium,la d��mm'lin B�eminryrnciEthfn Sccurity Insttumcnt fs Ac:4 by thc Sxr�ery,cach monihly chargo shall bo In en
<br /> emount eqgnld�i ono�twe111h�of ona-lmiflpaant of theouts�anding principal Wlance duo on�he Note.
<br /> If Romnvxrtandom m-4endor�Ln(uiLpaymentof nll aums ucurcd by�his Security InstrumenL 6orrowerb eccoum
<br /> ___ s6n11 be creditr.d�wll6��hn 6alence remnlniuD�a�albinfiallmcnts for items (e),(b)end (c)xnd any mongagc insnrenco
<br /> - promfum Inunl6nenttliN�I:cadcr hns not 6ecamn oblipmrA to pay�o tho Secrc�uy,ond Lender shail promptiy rctund eny
<br />��=k: excess funda to Dofrawer, hnmalimoiy priar tn�n forcclosurc sale of ehe Propeny or fu ecquisition by Lender.Bortowerb =-
<br /> - aaountshall�beemdirodivnh�any�hr.hmr.eromai�dngforallins�allmen�s(oritems(o),@)md(c). _�—
<br /> --____�� 3. A�ylipt[on-oPPuymentn. AIUpr.ymcros under Peragmphs 1 and 2 shall bo applied by Lcnderee Poltows:
<br />_ _ _-� ° i+iKS-r to ehe mnnpago mwmnr.c pnimium lo be pald by l.ender�o Iho Secrctary or ro qte monthly cLarge by iho
<br /> ��?�a_ Secrcte Nswad-of�Wc momhly n�nngagc inswancc prcmium: -
<br /> ,,��� lo eny tnxes,speclal osse.umeNs,icasehold paymen�s or ground rcnta nnd firc,llood end o�her hazard
<br /> t��A;r� nsuranceprcmiumr,ureqvircd;
<br /> u,r{.h _ 7'H�D,�o N�erest due undcr tho Note;
<br /> ..ory y' wtncTn,�o emoni�etion oi tnc principai of�ho riuie: `- �- � �
<br /> �«' ��� Q�,wlaw ehargcs duc undet the Notc.
<br /> ?�.,j�} 4.��tire,�ood and Olher Ifevard Insurance. Dortowcr sl�all insure nll ImprovemeNS on�he Propetty,whUher now __
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<br /> .;��; ..:,� in existence or subxq uemly crected,egainRt any hazuds,cazual�ies, and contingencics,including fim,Por whl:6 Lender �-�-
<br /> mqulrca insumnce. 77iis insurance shnll be malnrained i�the amounts and for ihe periods Ihat Lendet rcquims. 6ortower �'
<br /> - shall also Insure e11 improvements on the P'opcny,a�hether now in existence or subsequrntly erected,egamst loss by floods a ' --
<br />�=^�.��� ������� �o�he extent�equired by�he Secrctary. All insurance shall be cnrticd wiih companiea epproved by I.ender. The insumnce �t,,!:_--_
<br /> policies md�ny renc�val:shall bc luld by Lcndcr and shall include loss piyable clauses in fevor of, and in e fom� ��=�F `
<br /> eceepteble�o,Lendcr. �'°�"���
<br /> In thc cvent of loss,6orro�ver shall givc Lcnder immediatc noHce by mail. Lender may make proof of loss it nm 'tr.�.:
<br /> i - - made prompAy by[iortower. Cach Insuranee company eoncemed is hereby euthorized and dirteted�o make payment for -:: :.
<br /> _::�`,;;�.�.'��.- such loss dircetly to Lender,instead of l0 6orcower and to Lender Jolmly. All or anypan otthe insurance proceeds may be !_.,;�;�se,_;
<br /> epplled by Lender,a�t�e op�lon,ehher(e)to�he rcduc�ion o(�he inde6tedness under�he No�e ond thie Secunty Insuumen4 '� '„•-i::.-
<br /> - -� - ` first to eny dcli�uent emoums appiied in th�ordcr in Puagraph 3,nnd �hen to pmµ�yment af principal, or(b)to�he : t��..;-.
<br /> %>� rcnomfion or repair of the damaged propeny. Any applicu�ion of ihe proceeds�o the principal shnll no�ea�end or postpone ,�-•
<br /> ,+ p� �ho due da�e of the momhly paymeNs which arc reterteA to in Wrapmph 2,or chnnge the amount of such p�ymeme. Any s .;
<br /> exccu insuranee procecds over m amount rcquircd m pay all outs�nndmg mde6tedness under�he Noce and ihis 5ecurity . :
<br /> Inslntmcnt shall be paid m�hc emity legnlly entiUed there�o. �. �
<br /> :.. :,,:yip,, In tice evcui uf furcciuwrc uf t6i�Su:urity Insvum:m or o�hcr uansRr u!title to ihe Propeny�hat extinguishes the , - �„-
<br /> ' �„•Sa indebtedness,nll Bgh4 tiile and imercs�of Oormwer in nnd�o inswance policics in force thnll pus eo�he purchuer. �f�.:-. .
<br /> S. Ottupnncy, Preservaflon, M1falnlenance ond Prolecflon of Ihe Properq; dorroo'er's Loan Applicatlon; 1�;,,;
<br />-��?'-i'`•'''f?� LtAteholds. dortower shall occupy,es�ablish.and ux �he Propeny as Qorrowerk principal residence�viihfn sia��days �9:t� �;._
<br /> - .`!;- .��= afier the execution of�hfs Security Inswment md sM1�ll cominue to occupy the Ropeny as 6orro�cer4 principal rcs dence f'};v��Ji�•:_.
<br /> ' (or e�Iess�one year afler the da�e of oceupancy,unless�he Secre�ary detemiines�his requircineN will caux undue hardshtp 4�'I�;`.;f-_.
<br /> . '�-,��s for �orrower, or unlecs a�enua�ing circunSs�vices exixt �ehich am beyond Bortoarr's conlrol. Bortower shull noiity �F�'is�±�Y•��,.�
<br /> Lenders of any extenuo�inp cireums�ances. Oovowcr shull no�commi�was�e or des�roy,damage or su6stamially change �=;."k?;
<br /> � ' Iho Propeny or xllow the Ropeny to deteriornle,rcaconn6le wear and teu excep�ed. Lender may in+pccl�he Propeny ihhe Fi!t._ ,
<br /> ,.�:+��. 1'ropeny is vaeanl or abandoned or lhe loan ic in defaul�. LenJer may lake rcaaonable aclion In prole[1 and prcsen'e such `""�47;°:.
<br /> ��"` � vacani or abandoncd Property. I�ortowcr shall al+n fu in dcfauh if Dotrowcr,during�hc Ic�in applicaiion process,g�vc ,����=l �
<br /> ' - - 'E malerially false or inaccurzle infomimian or sl;rtemeN� lo IsnJer (or (ailed lo prnriAe Lender with any material ���}.:;'>'�.� :
<br /> infomiauoN in eonnection wi�h�he loan evidenced by the Nuic,inciuding,bm no� IimiieJ w.reprckmaeionc conttming 1�%.�•t>�`
<br /> � _ . _ 6ortowcr�otcupancy of�hc Propcny ac a prir.cipal rrsidrme. If�his Stturi�y In+�mmcnl is nn a icaahold.Dovo�rcr shall �����'�'ti�.�
<br /> eomply wi�h�hc provis�ons of�hc Icase. It Oono�rer azyuires(cc�i�lc w�hc Ropcny.�hc Iracchold and fec�i�lc shall nm �'.pT;;:��:-
<br /> - bc merged unless Lendcr agmes�o thc mcrge:in writing. '�f�����•�'"
<br /> . - _ 6. Charges lo Qorrax�er xnd Proteotlon oi I.ender's RighLS In thc Nroperle �orto���cr shall pay all gorcmn:cmal tk,t:�,:,,
<br /> . or municipal charges,fines and imposilions Ihal arc nm included in Pangraph 2. F�nrrmeer.hall pay Ihesc obligations on �� ��
<br />� lime direcdy lo Ihe enlity wNich is owed�he paymenl. If failurc lu �.ay�rould adr.rsely affec� Lrnder's im.rest in �he ���j:_•-���-
<br /> Propetty,upon Lenderl requexl 6ortox�er shall prompily fumish�o Lcndcr receipis rridencing�he.�e paymeNS.
<br /> If Oortower fails to makc lhcsc paymcros or Ihc paymcros mryir<d by Pamgnph 2.or faik to perlomi any ocCCr
<br /> •'[�P.': covena�us end agmemenls canlained in Ihis Sccurily Insirumenl.or thtrc is a kgal pro:ecding thas may significanliy affecl -- �
<br />. Lenderk righls in Ihe Roperty(such a.a praceding in bankrupl<)�. for condemna�ion or lo enfone lax.or rtgulalionx),
<br /> :�`-�' - I�en LenAer may Ao ana pay wlia�ever u necessary��o pro�ect�ne vame of�nc rmpeny anu i.enucri rigni,in i�c Fm�sny. - -
<br /> . . .. . including paynunl of laaes,ha�ard insurance:md o�her ilems mentioned in Pangraph 2. - �
<br />- Any amounls disbuned by Lcnder undcr Ihis Para�raph.hall bcrome an addnional dcbe of fiortouxr and bc ucumd
<br /> ' - - by�his Sttuti�y Inswmcm. These amoums shall bear�mcrest from thc da�c of di�bunemem.at �he Nu�t rate,and a��he _,
<br /> ' opiion af Lender,shall bc immcdiately duc and payablc. -
<br />� _ - 7. ConAcmnatlon. 'Ihc procccds uf yiy award or claim for damage�.direc�or conxqucmial,in.onncc�ion wiih an��
<br /> � condemnalian or other l.ilcing of nny patt uf the Pn;pMy,or for comeyance in plaa of condenmauon,are hcrc6y assigned
<br /> .����o� ��,�: end shall 6c paid to Lcndcr to the cx�cm of thc full:moum of�hc indcblcdnesc Iha1 rcmairo unpaid under lhc Notc and Ihis
<br /> Security Imwmrnt. Lender shall,pply such ptocecdx to�he mduc�ion of the indeb�edness under�he No�e and�his Saumy
<br /> Insuumcnl, firsl to any delinqucnt amoums appticd in thc o�dcr pro��idcd m Paragnph ?. and Ihrn lo prcpaymcnl o(
<br /> `� yrincipal. Any application o(Nc procccds �o thc principal shall noi cxtcnd ur pus�ponc ihc duc datc of thc momhly _ _,
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