|
, .. . .: --
<br /> � ; .. . .
<br /> ,, , ,
<br /> ,_::; _ , . . ,. - .: . , : ., • -
<br /> .. . ..
<br /> . .
<br /> ._ . , , ..,
<br /> ,� .. . , ��'1''���' '
<br /> I.Paymeetothlacip�l�IA�tft�l�AdL910CuA�e Barowershall:pnywhenAt»tM.pTltYtq}1�r?,Y�.indi`r�re�t,aA��. '•';,,
<br /> �hadeMevidenccdbytMNaeuWi��eqhar6eaduo theNda � `::
<br /> . �M�MAfr M1'MenLt W 7Mza�IUwnnce aMi 0iler CM� Bortower slup iryCl �qRnrh�lai�hty WY� -
<br /> to�tha wi�h t!a principi vid Intercu�v xl Ponh In tha Nole.wb enp la�a-ch�rg4+�,Pn:�nStrd IlYtdiiPL�ny(e)uza end
<br /> �peciq ueesuiKnis kvied or lo be levkd�QQns�ita Propeny,@)Icaulwld paym:ny a,6r,iw�#Rtti on.tFq ftrcgeHY�kM . . _
<br /> (a)p�miumstor.insumwrtquircdbyParagrpbo: • ` �
<br /> H�ch moniAlY,Inwliment for Items (q, Sb)and(c)shaii equ�i.qna.twclfth:ot��F�•,,N»tr,?k�lunounth d++usonabty
<br /> piimued by l.ender� plu� an emoum su�icknt �o mdnuin m addnlonnt bilu�se of,ntK�rMko �hm�one•almb ot�he
<br />. ,.:__._.-_, iatltt�etod nmpums. 7)ie PoII�nm�ol nmount for exh(tcm eAilL6e eccumulalcd.by�LenCr.c�vlthin.e od eMin orw
<br /> mt?�th beforo u�item.wa�lA karta delinquen6 Lender shall hold Ihe pmounb coll<ct<d 3clArust to p�y! tb�s(a),@�and r—"
<br /> (a)bcforo thsY��dellnquent.
<br /> If at any timo�he�oial ot�M p�ymenu held by LenAer for f�ems(e).(b)uu!(c).!m��her wlth tho fuwro mon�hly — ___ _
<br /> pfiySntnls for such Items pay�Dlo ro Lender pdor to tha duo dates at such Itmtv,.sxci�JS by mpm�A�n one•sisth the
<br /> aiimued amoum of qynxnu roqnirtd to pay sucA ireme whcn duo,and if pa xnta on?ka Note aro Surtar,t,�hrn Lender
<br /> sh�li eltixr rcPond tho excess over one-siath of the estimated paymena or c�Ur;.excers over one•six�h of the utimateA —
<br /> paynxnls to subsequem payments by Bortower,et the opAon of Bortower. If the tdal oi'�tlw paymcnis mado by Bortower
<br /> �� - [or Uom(a),@),or(c)ie Insufficiem to pay ihe item whtn dno,then porrower shtll piy:S�Lender eny amount txcessary to
<br /> make up the deflciency on or Ocforo IM dato the ttem bxomw duo.
<br /> M used in this Suurity Instrumen6'Secrctay"means�Ae Secmtay of Ha�singatd UrWn Ikvelopnxnt o y�y��
<br /> deslgnee. in ony year in wbich�he Lender must pay e mongago insurance pr<mturu�the Surctary,each montbl
<br /> shyl elw Includo e(ihtr. (i)en installmem of tha ennnel mortgago Insurtr.ta Pt�mlum �o be patd by Lender tn the
<br /> Secrctary, or pi)a monihly chargo Instead of e mongxgo insumnw prcmium.ILf�`dti Suudty Instmment is held.tn tha
<br /> Secretary. Enchmonthlyimtelimen�ohhemongagolnsumncoprcmlumahallbr(r.ianamountsu(fldent�ooccumulefethe
<br /> full annual mongage insurnntt prcmium with Lender one month prior ta t�dtte ae PoII enoua) mortgage ins�.m+nco
<br />-�-� �-�� premium Is duo to tho SecrUary;or If thls 3ecudtp lnstmment la held by�M;Secrrlary,each montM1ly ehugo sl�ail lia-in an -
<br /> emaunt equal to one•twdflh of onefialf percem of tha outstending princfpal Wlu:rn due on the Noto.
<br /> If Borcower tenden m Lendcr�he Nil payment ot all sums seurtcd by ilv.i•Secariry Inswment,Borrower§account
<br /> shall be crcdhed wl�h iho balance rcmn3nfng for ell instaliments for iums (N.ib)nnd(c)ond any moegago insuranco
<br /> pn;mium ins�aliment thm L.ender has nm Ixcomo obligated w pay w@e Secmary,end Lender shall promptiy refund eny
<br /> ex�wu tunds to Dortowcr. Immediateiy p�ior to e fonxlosure salo of the Nvpeny or iue�uisltion by Lendcr,BortowcrY .
<br /> acwum ch�ll 6e crcditcd with any balance rcmaining for nll fns�elimcme for Icem+(a).(b)end(c).
<br /> = 3�._App Iiqtion of Paymenla NI payments under Paragrzphs I and 2 sh01 be epplicd by landcr m follows:
<br /> -- 17itti7-,to�he mongage insuranca premium to bo paid by Lcndcr�o ihs S¢r.mtary or to U�e momhly chargo by tha
<br />--'=---- S�u��rc�te�Instcadofthomomhlymo�gageinsumnceprcmium;
<br /> � _ SF.IX)N�)'to any tnxes,special sssessmenta,Icaschoid paymenb or grewr.drente,end 6re,flood and o�her haia�d _
<br /> insumnee prcmiums,es rcquircA; -
<br />"'� T}jQ,tg,ro imeres�duo undcr iha Notc;
<br /> - P--__ �u�ri.ioununi9:iuunuiii�cyiuit�pn�v�u`�'v::3le; ' -` '.. ..--. .-
<br />"""h�!`� �fj,to lato chargcs due under�he No�c. �
<br />-°���'�� 4. Ftrq Flood pnd Ot�u Horard[nsurcnce. Uortou�cr shull insurc nilimprovements on ihe Propeny,whuhcr now
<br /> - "' in exisunce or subscquenlly crccted,agafnst ony hazvds,casualties,end emungenetes,fncluding fire,for whieh isnder
<br /> r �-� reepdree insuranw. 'Ilds(nsumnx shall 6e maintuined In ihe emounu nnd•icr the periods that Lcndcr requlms. Bortower ___.
<br /> " shell elso insure all ImP�ovemems on�hc Property.�vhcther no�v In enismncrs m subscquentiy ercctcd,ogalnsl loss by iloods -
<br /> �;;'-� ro tM extent rcquircd by�hc Sccrctary. All Insurnnce shall hc cnrtled wiU�r,n.npanica opproved by Lendcr. 'f7w Inswancc cc_=-=�
<br /> policia end nny renewalz shall be held by Lender nnd shnll Include lons piyable clnusee In favor of,e�id In a (orm Q.v �-._,_.
<br /> r} ' eccepteble to,l.endee ���
<br /> w---, In�he erem of loss, Do(rmver shall give Lcnder tmmediate no�ica b;t mall. Lender may make p`oof of loss if not tyYy'���
<br /> -�"`�r�� mzdo promF�ly by Uurtoo•ee G'ich fnsurnnce company coneemed is hurcM�au�hodzed end directed ro make payment Por :��,-„�.__�_�
<br /> -�`h"'' such�oss duectly�o Lender,Instead of�o fiorto���er nnd�o Lender oiatl . Alior on art of the insurnnce roceeds ma be � - •�-_.____
<br /> 1 7 Y� P Y , - : � _
<br /> � - - :� eppiicd by Lendet,al i�s option,ci�her(o)m�he rcduaion of thc indeb�edmrRS undcr� c Note nnd�his Saudty Insuument. �- � ,. _
<br /> t* .�'. first to nny delinqurnt nmounts npplicd In�hc ordcr in Pangraph 3,anA Itwn to prcp�ymenl of pdncipal,or(b)ro the - - -`
<br /> rcstoration or rc Ir of�he damn ed ro ny. An n hcaiion of�he mccedr�o�he nnci al shnll no�ex�end or s� ne �r�`' -
<br /> 9,- ' pa R P P�. Y PP� P P P P° P° � �;�. .
<br /> - the due date of�he monthly paymems�vhich arc rcferred ro in Parag�ph.2,or change the amount of such paymems. Any - �$�`4°�
<br /> ��.�J _;,� excev inmrnnce proceeds over sn nmoum ra�nired m pay ail oms�nnding indebicMess nnder�he Note end this Secumy }� _t' �S �.°„
<br /> � r Inatrumentshallbe paidlotheenlily Icgallyentitledtharcio, h ,� � � �
<br /> Tn Ihz evcnt o(torcAosure ot thls Secariey Instrument or other trt��f.���i�U��a�he Propeny �hat extinguishes�he � -
<br /> �. i: inAebtednrss,ell righ�,tiilo and imcrcst of Dono�eer in mid�o insnrance p�Su:ics m(orce shal I pass�o the pumhaser. �• >��� -
<br /> ��� S. Oceupancy, PreserveUon, Mninlenance end Profecllon o!ihJ Properly; 6orroirer's Loan Appltwtlon; �:T ,s �;o'-�
<br /> ��;� ''� Leascholds. 6ortower shall arupy,establish,md um the Ropcny a. Ilwmxers principal residentt�vi�hln sixt�days "`�+
<br /> } '�_�^�' efler the ezecution of�his Security l�uuumrm unJ shall cominue to occupy�h:Propenq as Dortowerl principai residenm �� _ at '
<br /> '�� for e�least one year efter�hedare of uccupancy,uniess�he Secrciary de�erteFaac�his reyuirement will eause undue Aardship `�- -
<br /> � � ��.-k for Rorto�ver, or uniess ex�enuating circumstances exist �vhich arc 0.puvi It�no�ecrt comrol. Borroner sh911 noti(y �'•1 -� '�����k,?'-. �
<br />� .3�'��•��'t Lenden ot nny exlenuating circumsimtces, bortmver shall not contmit ma+IC or desiroy,damage or subslanlially change :� -.'t"�'�'i��.:`
<br />�;'��='�' the Prapeny or allow thc Propcny�o dceeriom�c,rcasonablc wcar and�enresiepred. Lendcr may inspcn thc Ropcny if the '��'�''.-��%�.�-�•- �.
<br />- • �`�""� P�openy is vacnnt or nbandoned or the loan is in de(oul�. Lender may tokc rca,unable xc�inn�o pro�ec�and prexrve such .--,2=.°i;'��-=
<br /> vacam or aWndoncd Propeny. Durtower shall ;Jso Ix in dcfault i(Rortnv,cr.during the loyi application proc:ss,gave �?''-
<br /> �y'. materinlly falu or inaccumte infam�aiion or s�a�emems tc Lender eor foi5:d to provide Lender with eny matenal � r� _
<br /> 5 - v informxuoN in connec�ion wi�h�he loan eridrnced by�he Note. indudinp, bu�nof limi�cd lo,mpresemations conceming - .
<br /> Durruo'erh oceupancy of�he Ptopeny u n principal rc�idenm I(�hie S.�uriq Irmn�menl is on a leaschold.l3onoo�cr shall y �, + �
<br />. � comply with 1he pmvmons of Ihe Iease. If Uortower acyuires fec�i�le�o�he Pro;a:ny.�he leacehold and fee ti�le shall noi - s��
<br /> M merged unless Lcnder agrces ln Ihe mcrger in a�riting. ..:'
<br /> 6. Chsrges to 6orronrr nnd Protcelion of l.ender's fiighls in Iho ProytrC?: 6unm��cr shail pay all govcmmenlal -�Sif'�� _ _
<br /> � or mwicipal charges.fincs and im(asilions thal arc nnl mrluJcd in Pam�raph 2. f3unowcr shall pay Ihcu obligalions on - "'��
<br />� - � time directly�o the emi�y xhich is a�red �he payment. If failurc io pa�' oo��W nd��crsciy affecl Lendrrs intereu in dic .. - -
<br /> Pmpeny,upon Lender's reyuesl[3ortmrer shall promptly fumi+h to Lender meip�•c'�iAncing these pa)�mrms.
<br /> If Durro�vcr lails to make�hesc paymrm.or thc paymcnt. rcyuireJ h; I'.vt;azph 2,or (ails to perfurm :my olhcr
<br /> _ cocenanis and ugrecmrms containcd in this Securiry Imimmcm.ur�herc f. u Ie;6J p.�.:ecding Ihrt mi��sigoific:mtly affM -
<br /> `.v Lenderl righu in�he Property(such ac n praceAing in M1a�kmptq�.fn:cu:�Jcirnair:n ur�o enforce la�ca or regulaiions). �
<br /> '.... '_
<br />._—_ _ _ ' ' . . .
<br /> .. ..-- mcn Unaer ma do md a'unaicrcr ir nm»: io miw:inc•u{oe J:ii�:::-'-' "" -'''"`'"":_. _ ......... _ ._.. __ _"._
<br />_._,::,-:... Y P 7 �7' P q..:,.� .��....��....,..E....,......�...,�....�. _—
<br />.. `�:`� " i�luding paymcnl of lues,hv�rd insurmue and o�her ilrms mcmioncd m Panpr:�5"!
<br /> /Uiy amoums disburscd by Lcndcr undcr this Para�r;�ph shall 6cmmc m�aJdiu:nat debt of Bortox+cr and bc xeurcd •
<br /> _ by this Securily InsltumeN. Thesc amounls shall bear�mcm.�(rom ihc daic of di�dvn'ir.irwnl.al thc No1e ratc,:md al the -
<br /> - option of Lcnder,shall bc immcdiatciy due md papable.
<br /> � - 7. Cond¢mnn�lon. Thc procccds of an)•award or dafm far damagc..Jirmt or an�ryc<niial,im m�ncclion wilh any �� _
<br />� -.tz-��:' condannation or oNer laking of uny pan of Iltc Property,or for mm�cqmuc in p�acc of:nr,Acinnation.am hcrcby usigncd ;�
<br /> end shall bc paid to LcndCr lo Ihe cxtenl of Ihc(ull umounl uf Ihc indc6�cdncs�ttw mnmm�npaid under ihc Notc and�his - .
<br /> Saurily Inswmmt. Lcnder shall appiy such proceeds to�he rcduaiun uf�he icJebx�Li�r.�n undcr�he Note and Ihis Securi�y �
<br /> - ' Inswment, first to an�� dciinquent amoumi applicd m �hc ordcr prmideJ in I'ar�v:�4 J, and thcn �o prcPaymem of
<br /> . principal. Any applica�ion of Ihe proceeds lo Ihe principal shall no� exta�J nr p>.iF��ne �he due dale of Ilx monlhly
<br />- �Ntr S�d!ryXn1 . .
<br />
|