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<br /> ��� - 1. t dFdadp�tf,Ltere�t aad.Late Cb�u� BarsaWes s6aII pay wha► �, __.
<br /> :s' tbe debt ev�ed by tha Note and tat8 char�ess�e�sh�;Atate.. _ ' --
<br /> ��;i� Z. Mmtbly Wpmre�ot lluces,fnsura�c�aQd Qt6e�Chs�Bes: Bo�xowed sh�il incIude in each monthlY PaYment+ ` --
<br /> ���� tog�er wiih the pnneipai end intenest as sat fo»1t in the H�ne and any Iaro cha�es.an iastaltment of any(a)taxes aad , �v__�_
<br /> `��"�`t�. spatial ass�enis Ievied ar to bd tevipd agaias[the Ptapertq.@l�Selw1�payments or gmund te�s an tl�e Ptopeity.and =.=,y_--
<br /> '�'. '._ (c)Pzerni°ms far insurance ceguited bY P�raPh 4. �ne-twe[fth of the annual amam�ts.as rrasonably � -- _
<br /> — FeCh rt3oRtj111►inctallmS.r!fOI iLCII1S�a�,@1�(�l�� `
<br /> !=� e�nated Lendcr, plus aa amatmt suf&cieat to maintain an additiana1.641ance of nat more Ihaa�ane-sixth of die p� - -
<br /> � ����—____�_
<br /> es�ted amotmis. 'fho fiill aimusl amouat far eacb item shall be accu�s�tated bY I.ender withis�a peri�esd'mg one .,, �,_-_y,---=-_
<br /> � ��' momth befoce�iteae wouid bacome delitsqneht. Lender s'f��{t�dthe arn�onnG�collected in tmst w pay itea�s(a).f b)aa,d ,, , . �.�.���
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<br /> � (c)b�fRr�tl�eY 6�me del�ltiae�t. . , ��:
<br /> ` �` :;J�r;U,i�X u m e t l�e t�t o f•t h e p a y m t e n s s h e S d b y[.e n d e r t�x'i i t�(a T.f b)au�!(c)to gether with the fuiute maqtt'sl� . `�����, �����==
<br /> �.c� � pa�ssiiq�t'i�.;s�ch�recas payabta to Lenckr priar to the due Ld3ies of such iteuct.�.eaceed.�by mote than one-sixtls,tF�. �';£y""f r,:�-:�.
<br /> t�'��'�. � �.`:� �mimtl��"'�a€�}ments tequired to.pag sud�items when da�aad if�syte�RLS oa the Note are cunen�,that I.end�r . ::�:�„�,t
<br /> °'�� - sis�vfista�.�+afund die excess wer ono-sucth of the�urnased payments af cTed'+�tb��eacess oves one-sinth of the estimated r ,.��:�—�r-
<br /> ' �°^ ' PaY��subseqnent PaYmeats by Bormwet.at the aptinn of Borrower. If thc tata�of the payments made by Borrower ,�i; � ;��. _
<br /> — '=*`=;'� (b).or tc)is uuufficient to pay the item ahea due.then BosraweF sha11�y to Lender any amount necessary to . �,:„�.s-- � �, -
<br /> ;.:, �. for iteae(e). .. . - -
<br /> = . ��� malce up tfk d e f u ienc�t on or 6 c fine t f to d a t e t he i t e m b e c a m e s d n e. ;:: -�-�� . . _:
<br /> As used in this Secuaty lnstrument,"Secrecary"means the SecrelaiY o€Housi��;and Urbare.D�evetopment or his or i�er �^`�..•=<
<br /> . `'�`��' ' desi In aa ear in whicb th�Lender mast pay a martgage insurance premicrn+�►the Secretary.eacb monthlY PaYmen1 �.. '`�-�:.-`����� y =
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<br /> . _�'�=•_; . . s h a};a L s o�nc iw d e ei t h t r: (i)a n i n s t a i i m e n t o f t h e a n n u a l m o r t g a g e i a s u r a aee p s emium to be p vd by E.ender to the F __--
<br /> r•:=.'�: ` Seccttary,or(ii)u manthlp ct�rge instead uf a martgage insuraRCe preroiu�,i6�is Security Instniment�s fuld by the •: .�
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<br /> ,= Saretuy. Eacb manthly inatallment ot the mo ge insurance prtmium shal2 P,xs iri,an emoun�suffrcient to areumWate the
<br /> - • fUU �tltllWl f11PRg8g0 l�141uanCC plCti11Wi1 w11li�nder one month.paor tu th�aate thc full annual �nartgage irtsurnnce �. _ ---
<br /> �4-'�=•� • paemium is due w�he Secrat�ry:ar�f this Security Insttument ic hetd by thv Secttt;uy,eacb monthty charge shaH b�in an • � • �--
<br /> • _ ���` � - amount equal to one-twetfth of anefiAlf percent of the autstanding principal f�lanca:due un the Note.
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<br /> � -�'� -� If Bomawer tcnde�s tu Lcnder ehe full payment of ull sums secur+e d by�hi.r S.�:usi t y Inmumcnt. Borrower's a�:ronnt : , _ ._
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<br /> shall be c�edited with tho bat�oe�maininB for all iastallments for items laf:lt!1 and(cl and any mortgage insurertce � <��.—
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<br /> - *: •' ' , premium installmeni that L.ender haY nat become obligated to pay to the Secreta�J�:and Lender shall promptty refund any � .`: . V;:. _
<br /> °- ..., eacess far�ds to Bonawer.• Im�nedietelY ptiar.ta u farectasure saIc of the Paa�ct)`:cx'.its acqaisition by Lender.Bairower's � '. ;>;. -
<br /> �;�,'- accaunt sha116e cndited with any balance remai�ung fur all instaltments far itemR tz:��lb)and tc). �•._
<br /> "• • 3. Application ot Fayments AU payments under Paragraphs 1 and 2 shalt(xs a�yplied by Lender as foltows: ,
<br /> ��-.,, to t h�ma t l a g G i n s u m n c e t e m i u m t o b e a id b Lettder ta the Secr or to the rttonthl chat e 6 the ��:�r;�''�
<br /> �� E P P Y , �'!=. Y S Y i.t:,;.°.
<br /> • . 5ecretary instead of the monthty man�age insurunce pmruum; t
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<br /> ' S D ta any taacs.special assessmen t s,teas e h o l d p aym e n t s o r g r a u n d.c e a c a>a n d G m.t l a a d a n d o t h e r h a�a r d �' '�••�`;��`:��
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<br /> �.� inswarxe ptemiums.�ceciui�ed: . -: s.�'f�
<br /> . . ''*: • • �ta�nterast due uader the Nata; • . ��'
<br /> 'RTH to amortiza6on af the principat af the Not� � :..�•,
<br /> ' -'�'r • • �iats c�arges du�undxr the lYote. � =�'
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<br /> • . - 4. Ffr�FIo�cJ and Otlter Iiazard Insorance. BorrowerstiaR ins�a16 ircegrovcments an the Propeny.whether r.cr.: � • ;'-,�t �° =.;
<br /> � in esis�ce or sahsequeniiy�ereaed.against any ha�rds,cau�Jti�s.and�anciagertcies.iacluding fire.fot w6ich L.e�v3� , {�. �_
<br /> requi�es�surance. This insurance shall be maintamed in the a�ru3unt�atrd`or tL�e periods ahat Lender requires. Horra:u:,r � � .-�;
<br /> .. shaf�af,'so insure all�m��ovements on the Praperty.whether no N in existence or suh:�si�uenAy erected,against loss by`�c+�fs
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<br /> xc�E�te extent required�y th�Secretary. AIl ins�.rance shall be canied with camp�trir,ti approved by l.ender. The ins:..~aace � �
<br /> • �tieies and any renewals�shall be held by ;;.���er and shal! include lo5s paynl:da�clauses in favos of.artd in a form j ,
<br /> '' + •, �ile to.l.ender. �
<br /> [,� che event of toss. �nrrow��s shsll give l.ender ir�c.�iate notice by maiki Lender may make praof of toe�iLaot � : _
<br /> . ' � '- rra�ey'�S�tptly by Borrowes., Esuh insurance company c6u�r.�esi is hereby authuriaed artd directed to make pa;n�c��r � - ::
<br /> � � � su�i f,ss Cirectxy tv Lender,instead of to Burrower und to L.r,Ger jaintly. Atl or arty�pan of ihe insurance proceetts rt�e ! .�'.
<br />. - • : appii�ci by L4�i�c an its ap�ion,either(a)ta the reduction of 1ie indeis[edne�s andor the Nate and this Security lnstr,:��t, �� . . :��
<br /> firs�fo a.y �:�re�urnt�amounts applied in�he orde:in Paragraph 3,and t��tcs�repayment of principul.or(b?t�a'�.: �
<br /> r�s�,rar��wn or repzar of the damaged�roperty. A�sy application of tha praceedy ta tB+t pnnc�pal ahall noi eztend or pa<�-�_� ; . .
<br /> ' ' � � ttLe��•�ate of the monihiy paymenu which are referred ta rn[=aragraph 2.or chtiage the a*nount of suct�paymes�.. .�:�:y � ,
<br /> •�. ezc���a i�surance praceeds over an umaunt requ'ued to pay all outstanding indabteenes�.�.��:r the Note and fhis 5:..�:.:ty � . .
<br /> � irs�.v:nent shall be paid to the entiry legally er.ucEaf thereto. �� •
<br /> � In the event of fureclasurv of this Seceri���:a�:rument ar ather tran�.fer of ti��c to iie Propeny rh:-t exc_=�_��,.s the . �
<br /> • ' • 'c�d,ebtedness,all righl,title and inter�st of Bor��x�.in and to insurance policie�in�force shall pacs to the�:+:�:�. :
<br /> _ � � 5. Occupancy. Preservation,Maintenaace a�d Feotertion of the Paa�erty: Borrower's l.oan ��-,yt�:.-�^s3on: ; � •�
<br /> : �,�ts�alds. Horro�ver shall�xcupy.e�tablish,and use the Property a�E3orro�u�r;;pnncipal residertce within si�.�c�w::ys � � �
<br /> _ 'afi�,.,�dse ezecution of this Securit;�Instrument�+nd shall cantinua to oecupy�hu Plv�peny as Horrower's principal re�.c�ra.is:e � .
<br /> ' � f�r�c(east one yeae afeer the date oi occupancy.untess tha Secretary determinua ihir+requ�rement will cause undue har�:tr.±�� �
<br /> � ,,. , �fcr $ose�wer, oc unle�.v extenuating circurristanccs exi5� which are hoyanJ•Borcower� cc�ntrol. Barrower chall r,c�r::fy ; �
<br /> : • , Let:Qers of any extenuatid�circnmst�ncey. Bi�nnwer shall not commit wustv nr�de�trc�y.damage or substantially cha,^,ge �
<br /> t�e?r�perty or allaw the Praperty ta deteri��rute.rea.wnablc wear and teiu exccpled.• Lender may mspect the I'roperty iS t°�e
<br /> ' Pt��y is vacant or abandoned ar the taan i+in default. L.�:nder may take rcusnnu6tc��tion to prntect and presen e s;�.h �
<br /> va�2nt or abandoned Ikapeny. 8arrmvcv tihall tilya be in dePault if RUrrc�werl during she 'c�an.�pplicatinn ptoee<��si�� ,
<br /> materially fals� or inarcutute infatmatinn or statements to L.endet (nr faitdti.�to prc����e Lender wiih uny n�iGc;.�ml
<br /> • infortnation)in conaectian��vith ihe loan evidenceJ by the Nate.including.but:iat lim�ted to,representations conceming
<br /> Burro�ver's�ecupancy oi'the I�roperty as a pvincipal resictence. l i'this Securi�y Gu�trument iy nn a]easeho2d.�urtnwe�shall
<br /> comply with the pravisiong uf th:le.4tic. lf Barrnwrr ucyuires for�itlo to thu l�irperty.ihc l�atiehald�md fce title shall not
<br /> � be mcrgcd untek�Lender aLerecs to the mergcr in writiog.
<br /> � 6. CharRes to Hurro�rcr nnd Protcetion of I.rnder's lii�;htv in the PUuporty. B�m�iwcr rhall pay aU govemmenta!
<br /> �i ur municipal charges.fines�nd impvsitionw that ure ne�e induded in{'ura�;raph��. Nu►rawcr�hull pay these ubligatinn�un
<br /> . .. time directty tv the enti�y°whicli i����ved the paymcnt. If tadurc iu ,�uy •vk�ald advcrxly a(icct Ixnder; intere�t in thr
<br /> � Property.upon I.endcr'.v teyue!�t Nunower tiltall promptly fumi,b to I�ndcr rceriptc cvidenring the+c paymcnts.
<br /> lf 8om►wer ft�il.r�tv make these payments or the payrncntv rcquireJ by �;+ragraph 2,ur iails t��perfi�rn�any nthcr
<br /> . covcn:u�ts and agrc^�;m�nts rontained in this 5crurity lo�srumcn�.ur thurc iy.�irgal pr�x;rcdin�that may s��;nificantly affccl
<br /> . Lender's rights in th�I'tn�rty(�uch aw a prnrceding in h��kruptcy.fi�r:andemnatiun��r ta cnfi�nc f�w�e�r regulations}.
<br /> " • i � then l.�nd�r n�ay dcr and pay whatcver is nc��ws:vy Iu ptoteet thE�vuluu tif che{'n�perty a�ui t.endet ti sighs.r•in thc pruperty.
<br /> including paymeno ot taaecs.hatunl invuranc¢:uic!other nems memioned in I'ur.igraph 2.
<br /> , Any amounts disburscd b}•Lender under t•his i'aragraph shzdi Be¢rnno.m add�tum:�l debt uf Barruwer Und be sccurcd
<br /> . � ; � by this 5ecurity Instrument��These amounZs.���3 bear interest from ihu d.�tc uf Jisbuncment.:►t thc Notc rate,and ut the
<br /> oprio�af i.en8er.shal!t�e immedi�h:ly du�•,���C=;�i:'•:�.
<br /> ?..CondetnnaLiotr� Ttte�7:u:eeds oE r.;_y ��':.�,;�:��r 41si.m for damngrs.direct��r cuncequential,az c,r-ectian+�it�.;�ny
<br /> :_3 __ - -—- - i� �'rK i;�'-'S°i'ViS a5'F1..'�T�G£.w���.f"'..'.:,:j'{1�Of 1[t��::i1}'.t}rt=br cnnvr��l71!'r ttt r�:u�e nf condemnasic4.:3 r:�::rr@} ,�,;-�'^� . _
<br /> _ ..-.--.9e--_� - -, -_'�t - - 2r�sr��ie���r��?�3�p1'tn?ftc extent of the�uit:..cuos�i vi ti�e intle tcdness itwt remaiaQ unp3io L��.:c:•_'�c•�c:,s.�. . . . .
<br /> ' � �� . 5ecurity fnsirr�7�-�y ➢.gnder sh�ll appty sucl��roceeds to��c reJuction of il'e indebtedness under the:�cc:>•w d 8:;:5�:��:�`'-
<br /> insVument.first��a sny°delitiyumtt�mnounts applied in thc or�ter pruvide�i ia �.ua�;raph 3. and then to pmpayr.��;^���>f
<br /> •,1 . . principal. Any appliCUtibn rof thc prnceed�to the prinripul shull nvt extend or pustp�ne ihe due date of the motlfh►y
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