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<br /> � i atl�riacipv,r.lerat s.a I.�e ce�e. EaRro,wa;s4�u pa►r whea au`e t8�p�io�ra�+e�:aea int2�st on.
<br /> Ehe debt byr the Naoe�d 1�u cI�uges due dnder thG Na�. ..
<br /> = t o�W'�7.�b aR'13�u�,�and Otbts�ar�s..Bmtowes shali inctude i�rx�i�P�Y�4
<br /> = together Ri'tb tl�c princ�i�ad�as set fa�in t�Nox aad'�uqp�!�a d�atigss.aa insbl�eat c.���u►Y(a taxes atd ,
<br /> _ spocW�kvud at+�be levied agaiast thc Property.(b?1e�uehaW PaYmeats or g�ds�c�l�e Prap�ri5►.�nd
<br /> (a)P�'em�unic for���•�teqtrind b7t PataBraPh�• ' .'
<br /> FaFh monthiy i�pllment fcr iums(a),(b)and(c)si�all a�wl:onatw�lflh of the aanu��.as ceasoeabty
<br /> estim,�.by Leader, us aa aatount suffcitnt m maintain an additianal6ataooe-of not �►ae t��d•a�nasiauh of'tLe � _
<br /> - - ---- - � e�iauited amoants. �full annuat amount for each ium s6all i��aocau�ulaic�isy Let�er�ic�s a�e�od e�8�c -_ -- -----
<br /> - - - .. m�h 6efoce aa iLem wwId 6ecome deliaquent t�ender s�all 6OM the amoeurts�31�iu:uus�ti��a�'items(aA�?+� _ --
<br /> --�v �(c)6efo�c axy uecome aelu�quePn. ` v�ci�i�c fimme monthty -
<br />--:_:� � ��-�ny a��w�of�pay��n�ia�y�f��.ca�.t�)�a(c),�� � �___
<br /> _�J;=?: payment4 fa such itdms paya6te to I.ender prior w the dut daks.of�snch itoms.eaaeds b3c moa�;thaa�e-sixth the
<br /> � .`.. e,sumatad am�ount of paya�e.dts�quired to PaY such itaas wlxa dut�:,aad if:[gYmcnts aa tHe Kot�ar��men�then Lender _
<br />-�_..' smII e�tTier tefiud tbe exass over ane-sb�th ef the�mated payr�ts or,credit tve eacess ovetom�'sitii of the estim�ted •E: _
<br /> paymeats to sd8soquent PaY��bY Bnaowcr.ae the optian of Bt�rmw�. U the twat af dte pa7��zoe�s;made by Borrower _— _ _
<br />_ .: ` for item(a�(b).ar(c)�s msuf�cieat to pay the ite�when dne.theA.Brnta�ver shall pag to l.eader a�?auQaunt�sary to
<br />.=,:.t�.•_ makcup tha dc5ciency on orbeforetbe date We iLeao becames�a:: -- -� -
<br /> • As ased in this Secutity Insum�t.'Sec�etasY"tneaus the S�ietaiy.of Hausing aad IIr�D�aeb�t or his ar hes - ___- -
<br /> � :�,.�_�
<br /> �" slesigtx� In aay year in wlrich the�rder must pay a mortgage ii�'�uaax p�emitim to ti�Se�etd�i.�mmtttlY paYment . . �,-=--_
<br /> �;��{��-"',�J si�ap also include eiai�r: (i} a��nt of the annual uxutgago insurance p,P••,,._.:�._*R*.tr�b��d:by Lender tu tl�se .�r-__--
<br /> . Sec�etary.as(ri)a mont6dy c6arge iiuoead of a mortgage inswsinoo paemitua i€tItis Se�i t y ta�aotettt is heid by the �
<br /> � Faeh mantRLg iix�taUmrnt of the mortgage in4urarice paer�uum shatl b�iaaa amriuc�t sa��r�-a�t w accumulate the ��� -
<br /> � 5aYe�y: insnrance ��
<br /> .. , fWl annual mortgage u�Premaim witb Lertder one monttl;prior ea the d�re if�fu9t am�xil�nortgage . .�
<br /> prem�is due to the 5ecretary;ar if this Security Inswment ic�ii�ld ti�the�oca�scy,�adi aw6u�,.t�cirarge shaU 6e in an -"�;;�`_..
<br /> i#;==:;:
<br /> anwoat equal w o�twelh�t af aae�alf percertt of t6e ouutanding prit�c�pal baiauoe due d¢�Koae. -: .'�,,, ,- -
<br /> � � If Bormwer uendeas.W Lea+�t�t fuli payment of all sum�•sau�ed by this Security tnstn�smaa,,Borrower's account •'��=;.t;;?��.;Y-
<br /> '' ,;3 . ';: s h a ll be c i e d i u d w�h:��a 4 a�i e e c e m a i n i n g f o r a l l i n s t a U m e u t s fm.items(a?f b3 and(c�a�d a�Y'�actgaSe insurence :�
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<br /> • . ,'�`• ;. � premium a u t a l i r n e n t t i�s s�:e�t d e r�,s n o t b e c o m e o b l i g a t e d w p a y t a t fi e S e c re s 3 r 5►.and Lender�t�all p r a�t f q te f a e d an�l �.--T.,. .:-
<br /> . � •�, � � � excess funds ta Bois�� �mm t ' IY Prior to a fareelaLVre selb of.the PmpeRy ot its acqeDis�:n�dy t�sdra.Bamowers , .: : .�;`�
<br /> `r ��r,� aQCOUa�sial!be cre�-�ivnh aay_ =" ^ remaining fos aU ir�ilments fvr itea�(a),@)�(�l� � _,. `' -- �.
<br /> � ttcatioo orFti �, ents under •'Fi�1`�d 2 shall be lie�b l.sndzr as foltows: :•�,` �.�!„�.:_
<br /> , .. '.;�. ,,��."�;� �.'��D Sinsa� �;II pa3+m �i aPB 3� _ . •
<br />:-}.���. w.��r�:y.���.;��f` �� , R� ,to the mo;tgage ias�auaa:premium to be paid by;ie��fer to the Secretary or to the raAt4hly charge by the , , . ., �t��itr��_.
<br /> � =�� S��):� Sa�etary instea��.��e�e�.�1 snortgage insurance presu�uso;
<br /> . . - . ,�, cFLOW ta�y��:s��:•assessments.leasehotd payments or graund c�cc�ts,and fise«fb�a�d and other 6azard `;•. ' 4i4:
<br /> .. insura�ccp�'w1xmvs,'.ss:r���a3; � �`t;= . ' ��'
<br /> ''�� � �w��e5t�ne�«��i�a Note; w
<br /> , ..��+�, ��. �fu'1E�Tfi.tv��^.;�tio:s�i��incipal of the Note:; �'� a+'�r`�'rc _
<br /> - i r ���;• �,to Iatc c���es de:e�^���e Note. � L n�j:�o
<br />�: ,tf f /t�'� 1�.ftf4C;`_p.
<br /> � `. ',,�� , 4. F�r�Fload�4�ther�anard 1ffiuraace. Barrmves,shaII insure all improve�rcents on tt1e Property.whether now ', ��•.
<br /> ,:,'� � �.,�
<br /> �, . ` m existenec ur subs�aa�':y erected,a8ainst any hazards:.casualties,and camingencies�.inch�din�Gre.for which Lender : �'.s`:-``�-:.;:�;;�-,-
<br />`',� ` � ,.f�����'" � ` requines insuranc� '�i�sw�ance shali be main:z:�--1�in ttfe amoa.mts aad frr�in•periods tha�l.ender r�,ruces. Boaower a.;.: , w. :x
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<br />•.c;,, . . ;. . shall also insure all i�ti:tmenu on the Ptopert;:��ether,now in existenee rr 4�ni�seqaendy erecc.d.agaitt.a�oss by ftaads .�`�;;,,:.'.`. •:`_;' :�.i,
<br /> :;?,:;:� �_.�_ . to tt�e extent required by L�e Secce'a.�r. All inswance shall�tie�r;ed with ccrrqranies approved by l.cmder. 74�e insuraace . . �- ,,;� � �y�
<br /> ,��, ,� . ' policies and any reneaia3s s!�?L�fseld by I.ender and isti�ll iizciude loss�Sayable ctauses ir�favar of, and in a famr . .�}�.:,r.; . �
<br /> ; `::� acceptabte to.Lender. t`� ,
<br /> `j�,''•r�y;._•�' , In the event of G��.,'�rrower shall give Lender immediate notice by mait. Lertder may make proof of tass if not .
<br /> '-� made mm d b ��cr'� Fach insurance company ecmcemed i�hereby auiiiorized and directed to make payment for ;.. •. :, :-•�`
<br /> ���:r:x:.�;� •� .. .'y�,
<br /> .fi r�� • �� ' such tops.g d e ity Lo�.a�:r;inst+�d of to Borrower and to ilendbr j oi n t iy. A ll c r Q ny�a rt o f t A e i s�.4 u r.u u e p r o c e e d s m a y b e � , -- �-•--
<br /> �e.f.. . .
<br /> �y;;:�•� a lied by Lender.at:.s aptio�e�er(a)to the reduc[ion�of:the indebtedness iurder the Note and this Secunry Instrumen� ,.���'•�_
<br /> ."?. �;'o . trst to delin ent ar.�ou::ts.W�'s,' �'•: ' ' :<,'.
<br /> '��J }'� any qu - j '.d ia the order in P�ragraph 3.and theas to prepaymene oF principal.or(b)to the ��;:; �.:a�-..
<br /> .' e.���s,':r. �rA rn �:t�-;�--.
<br /> �g ,-; ;t.:.: , restoration or repair c....e da.:•z�-��penY. Any applicaeion of the proceeda to the pnnc�paF shall not eatetM or pastpone < �=f;;:aF;.:,:,�
<br /> �;,.:� �� the due date of the�����y payr-.r�:�which are referred'ta in Parugaph 2.cc�itange the amount of such paymetn.4. Any .:I �.;, . ,;�
<br /> ' • " . excess insurance�Y��over an amou�t reyL.-��to pay.all outstand�ng uud�-�.-redness urtdet the Note and this Security , ��
<br /> ' - � lnstrament shall iae�:���the entity legally enti�taw cheset�. ' � ���=`
<br /> �{�' �r d�:event of r�reclosure of this Security tnsuumeat op c�'cher transfer cf title to the Fm�erry drax extinguishes the ` � f��'�""
<br /> i.l�t ,r ��1�'/Yjl�� ' ; � —_
<br /> �:-,:. • • � indebta3�:�s,a11 righ�title and inter�st of Borrower in andpa iasGra�ce poticies in force st�.tl�a:;s to the purchaser. , ..���_�=-�'
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<br /> .'�,��.: ,.;�:�-,`�` 5. �ccuPancy, Prese�vatior�, Maintenance andiY"ra¢e�uan oi the Propertq; E�s�ruv�er� Lopn Appticatian: £ �' : .-f,;,.;�;:_�;.�
<br /> , Leaselwlds. Borrau rr shall occupy,establish,and use tti.•Prapeny ac Eaccwer's principal residence within sixty days �, ��. . ,•.
<br /> :?�`�:` .: ` after the execution r�G�i.ys Security.instrument and shall cantiaue to acc�rpy tire Praperty av Borrower's principal residence , _ �
<br /> < •�� � for at least one year�.i�.x.the date of occupancy.unless tir3 5ecretary deG.�r:ni�r�t:tis requirement will cause undue hardship ".` � .
<br /> �'. for Borrower,or wrl��ss estenuating circusr.stanc�w exiiu whi¢h are beym�k Gorrower's controt. Barrower shal! notify z� .•
<br /> � " . � Lenders of any e�re:^�afing circumstance9. Horrower sl�all not commit wa�:c or destroy,damage or subswntially change '�. :.
<br /> � the Property ot atc:•s.5e Property to detedorate,reasonatdC wear Hnd tear excepted. Lend�:r may mspect the Properiy if the
<br /> • Property�s vacant Cr.�9andoned or the ta�n is io defau3l, Lender may take rea�onahle actic�r�to protect and preserve such � `
<br /> � ' vacant or abandocrc+i:L�tnperty. Borrower sha11 atso i�in•dCfault if�Bonower.�uring tht ivan application process,gave ��� •
<br /> materialty false ac i�.�;ccurate information or statemer�tt tb Lcnder (ar faitraf to proui�c l.cnder uch any matenal •
<br /> !,�;,: ' . . . infmmati�;n)i.n ce�;r��,ion with the loan evidenced by,t1�V; Not�,inciuding,But aot lintit«f n>representFrions conceming .
<br /> :�.�;; . Borrou,�cz:.�:�tp:r�sy of the Property as u principal resi�snzr. Ef tt+,;.5ecur.ty�nstrumcnt+y cn a teaschold.Borrower�hall t ,
<br /> , .. . comply wii�.i•�i`�:�Sr•avisions of the[ease. If gorrower acyUirey fe+�;?t4 to the Property.thc t�aaehald:utd fec title shall not [i , ,
<br /> . be merb�ei;,aie�.L�r'�'er agrces to the metgcr in writing:. + '�•"�, • .
<br /> 6. Charges t.�t i3+rasower and f'rotecNon ot I.endtrt�Rt fs in ihe i�i�a�terty. Borrower tihull i all avemmenc�:l . ``'��'
<br /> . � 1�+ P�y" € . �.
<br /> , {{� � or munisipal chacg�;fit:es and impositions that are not�it�ctuded in Parbgra�ls?: 8orrcwer vhaH puy thesc obLgationv on : • . •
<br /> a : � time directly tn the rrtiry which is owed the payment� it�ftulurr tn pay wcutd adversely aff_ct Lcrtder�interest in the � .
<br /> : ' Property.upan Lender's reyuest Borrower shalt promp�l�•flranitil�to Lender reccipts evidencia�theu p:►ymeniti. _:,
<br /> . � It Borrowet faits tn make these payments or thc p��m:nt�reyuired by P�ragruph 2, or i'ails t��prrform any other '�:-�'
<br /> . ' covenants and agteemen�S containcd in this 5eruriey Instturc�:nt.vr there is a lcgal procccding that muy s�gnifirantly affecl ' �'��'r;::
<br /> • . • Lender's rigIlts in the Property(such as a proceeding in f�onAsuptcy.for candemnat�on or to enfnrce taws ar rcgWations). . .
<br /> � � then Lender may do and pay whatevcr is necessary to pratert the vatuc of thc Pruperty:tt►d t,�rtdrr:rightc in thc Prapctty. - �'• � •.• •
<br /> - � . . •� , inclucfing payment oi taxes.ha�ard itwurance und oiher�tem,w metttiE�ned in Paragraph 2.
<br /> ' , •., • My amounts disbursed by l.endcr undcr this P,�ra�rupS�sh:ill becomc:ui additional drbt of Hurrowcr and be securcd .
<br /> • ,: „ . by this 5ecurlty tnsmiment. 'These amaunta shalt bcar m;Cre�t from the date of disbursert�ent.:�t thr Nute r.�ta and ut�he
<br /> • � . ' opuon of Lender.shall be immediately due�nd payu�le.
<br /> ' . Z Condemnatioa The proceeds of any;�w;ud or ct:um for daroages,direct ur a�nseyuential,in cunnecti�n with any �
<br /> � , .� . candemnatlon or other taking of arry part of the Ptcsaerty.ar fur ronveyance in place vf cortdemn:utun.are hereby a.csigned '
<br /> -- - -- • and sh:+lt he�+aid to Lender to the extent nf thc fult umaunt of the indebtedness th,�3 tcmains wtip:�id undcr the Notr:utd thiv
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<br /> :�__��;_���. Security Instwnent. Leader shall agplp such praceeds to ti�:ceductioa�E the inciehiedn�s ua�ier the Note mt�i thic Serunty `
<br /> • ' � Inswment..first to s�ny delinyuent amounts applced irt ttic order providcd in par�gr�ph 3, and then ti• pfcp3yts��m �t
<br /> � ` , ptincipal. My application of the pro��rcd.v to th+:princi�!`sh:ttl not eYte�d or pastputt� titc due date c�f�he mimthty �
<br /> • • • lpuc�e2oj4pu�ea, -
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