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<br /> — '-' l � F' �.���Y�� �������� �V�TiWS=I���.� fY�AI H�IA� Y�a°�'� ._
<br /> � < <-tag�ther 3vitb 31a g�end inurest,as�sat€o.rt�in tt�Nate t�a chnr�e�,.at��talltQem�a�v fs:ta��s�rt►di � .
<br /> � �. < • e�i�:�vied o�to De tev�d�����2 te�otd p�y�mertia s�s�atmd n�oa tbe�p�y.-tm� � . . --
<br /> � (cZ F�ums for ias t�quir�by�a�up�4 . :. ` ;. ., . ; ..
<br /> -- � � Eac�nian ��nt far ttt�taL @)eod(cl slmti eq.u�!an�•tweltih of.i�.•�uat a��tauat�,a3� ` n �.
<br /> � . ssti�paud 6y I�,� pl�.s an amoimt�saff�citut ta maiatai�a► additlo�il aadan�s:o�,pot mot+e t9an oac�ixsTt of� � ..
<br /> -- � esBomaied amounts. 7�o-fiil1�anuai.wa�o,�t fas earh��tern shaU 6e accumulated by-.Ir.�'�ter`wIthitf u psr�ad eBd�rg oi�e• ..�:
<br /> _ �---- ---------__ _ --= -.�month.bef6ie a'n t�eart waa2ct_�d�L ian�c:r shadl�c�d t�smouuts aallecxed��tn:st to pay ite4ts{0�,(b�aad . ,�_. - _ ---- ----
<br /> � (c)6efaYe they b�come�etutquens. - ' .' '� � . ' � .
<br />=- If at aqy dme the toml of the p h�Id by I.et�for its�as(a?.tb?and Cc��.� wdtb•�te fi�u�a�oathly
<br /> Payme�for snch items payu6te ta��paor to the dae dates of sud►items..e�t�s�wore tbaa on�xth the '_ �
<br /> - �amaunt af payments�to pa3r sush iteass w�aen du�end if pa y.tae ta or�t��Note are c�menb tt�at l.eoQer
<br />- _- s6�!!1 either zefim�the exoe�ovec o�ae�sii�8t�of ti��santsted paym�ts or cc�etUt tQe eac�s;�vver oa�gixt�af tt�E�mated' �
<br /> s 1 efia
<br /> ga,yments to suDs�q�ent payments by��aQCn�ver,at tt�apnaa of Barmwer. If the:atAl.o��Paymenta made�Ba�taarer �, � '
<br /> a
<br />�: ..for item(e�(b),ar(c)is inwfficieat ta gay!the itern whendu�thea 8oirawer shalt paytd�nd�t any amount txxessu3tto:_
<br /> -- malce ap the de6ciQUCy on arbefaie t��la�t�iteW'becomes dme
<br />� �..
<br />_-- As��t�is Seauit�Instrum�►t,"Sc�etsry"meaa�the Secretary of Housing artd Ucban O�.weIapm�nt arhis ar6er ..-
<br /> = desIgnee. tn any year in cvhich dte Leni�mustpay amoifgageinsivance piemiuuo to tFt�.S�retary,eac6�uoutltSY i�Y� •
<br /> uo �u
<br /> -- , ` sdalE also iacfi�e either: (i)an insmltmeat of the imnu33 mortgage�as�raaoe preroium to be paid by Leuder ui the . .
<br /> �-: mn
<br />-`` � �ry,ar(uy a monthly charge.ingtead.of a mvrtgage�s�u�nce paefnium if tbis Sec�uity Inst�umrat is[�etd�y�e
<br /> �; Se�►. Each monthty installment of the mortgage insu�a�e pre�ninm sLali be iit an anmouat su�CCiart to aacurautate ihe
<br />--- fult emnual mo�age wsuiaace preantum ariih l.euder�e month prior to the daie the fu11�.�n���L�s�uaao�
<br />- premiwn is due to the Secmrary;or if this Seciuit�►Ins�umeat is held by the Secnetary:cash aio be in en
<br /> - a%��ut eqnal mo�-twelfth of oao-balf petnent of the au�ta�ding grincipal balanoo due pR dte IVote. ,
<br />`�� ' � if Boa+nwer teffiets to Leadet the fuU gaynaent of ell s�s sc�by+this Secw�i{y�Tnst�ument,Bumower�accouni .
<br /> st�l 6e c�edited aith the 6atar�ce remadniag for aq insmtIments for items(a).N3 arttl,(c) �d�y mortgage ias�
<br /> " ps�emi.�installment that I.eader has aot become oblig,ated to pay w the Seczetary:and Ez�cder shalt pmmptly�itiad sny
<br />- � ?' . exoess fimds w Sorcower. Innmediatety pciaa co a fosectosale sale of the Property �..
<br /> or a�Cgr Lender.Boaowerls
<br /> � esa�ount shail 6ecaedited arith eay baiat;ce��as;.'�ing fos all installments for items(a�{C��
<br />= �` 3 AppHcr�mn of P�pmenta.-All�r¢y:�anLs uader Fatsgaphs 1 ag3�shaU he ap�si�dbty L�c��f o l lows:
<br /> - �$�,to the mortgage insuramec p�nium to be paid by Leaderto t�Seaetary vrtvths m�Iy'¢hazge bY th�
<br /> ,�;,�_:.:. Se�etary�stead of the monthty m�tgage insu:ancep:emium: �
<br /> ''� -�,:�-.,_: :r� S�OND.G:t flny texes.special 3sses�ts.leasehoid paymeatsarr�nund tents.andt 5t�Qaad aa:d other feazar� .
<br /> _ - insucan��niums,asrequired;. . �
<br /> �''' �D,��ei+est due uadec tttel�Tot� .
<br /> �'�` gQ�.;aa amortization of the psincipat of the Not� _
<br /> ,';. .Y�- � �,cntate charges due wider tts�Note. ---_--
<br /> - � '�,� �°�:�.zY:" 4. Fd�ftovd and Oti�er�i�sd Insuranoe. Haar�wer shall insure all imptmv�its on the P,operty,whctner naw -___--
<br /> ' �a-.::��.;:° in existeare arscbsequ�ently e�+ectec�a&�inst soY hazards,casualties.and conUngencie��zcIwding firc,for which l.ender '
<br /> - �; �:r.�.
<br /> ;��-�-�
<br />_-�;� �. h:s, c.. A�, �. : . . requires ias�ze�. 7his insurance shall be m�intained ia the amounts and for the pernads that i�ea��teq�dres. Boaower
<br /> ,�r.' v j shall also instue�31 im�ravements oa t1�.Ftop�mj.whether now in e�istence or subsequaEtly e�.a.giast loss by�Qaads
<br /> t1
<br /> �:;. � `.c;.:";''`� to 1he extant uired b the S tary All iasurance shall be car�ied wltii com ias. _ �r. The insuranoe --
<br /> �.:_,, ..�;_° ...,._. ,: teq Y Pfln !b}'.
<br /> -- . p�Iicr.�s and any renewals sha 1 be held.bq Leader and shall inslude toss payabio e�in favag of. and in a fom�
<br /> - •`.:'�,,, " `°°�--�
<br /> . : asre�3r~.�le to.I.ender. ' :#;,�:�--_
<br /> • � �-'� �:� .: l�r dta event of loss,Bom�wor.s4aU gi�e Lender immediate nodcc by mail. Ixr�ernay�naka pmof of loss if not
<br /> � �'^�� �
<br /> :,t °: � made�Iy h�+Bozmwer. Each insureace compaay concemed is hereby suthorized�d dimcted to matca payment for ``�`�=x'`��—
<br /> � � ��.:.".`. �,' ` ' :� such loss�"neaf �'v I.ender.instead,of ta Basrower and ca Lender joindy. All or any pazt of the insurauce proce�ds may be `,.'���' ` �'`-=
<br /> -"��_�' �.t ���`." "���v:� app lied by B�at its opdon.either(a)ta the reduction oF the indebtedness under the Note and this Security Ins�meat, � ' � �T�^
<br /> k.�.�:;::•:. ' :� � f i i s t to any�^qnent amoa�c�s applied in the order in Poragaph 3 and then to PmpayYu►ent o f pria c ip a l or(b)tv t he �`•�;, . �
<br /> , . t . �,: ''�==
<br /> �` ,<1:i;�r, ;>:�,���.��°•.�_ re�"ativn ac mpair of tAe d�a�ed prope�ty. My application of the proceeds to tha pci�sepal shall not eatend or postpone ��:.�:'., .
<br /> . ,�<< �%i�°�''� , th��ue date af cfse mon �ents which a�referred tv in Para h 2.or change r3�e amount of such a eats. An ,t�` ti�
<br /> ,, l .,,�, thtY Fa} S�P P Ym Y yl,, ys, ,K.e�,=
<br /> • ezcess insuraa�ptoceeds over an amour.t required to pay all ouutanding utdebtedness vnder the Note and th�s Secwity , ,�},�v' •;�T .__
<br /> �—k' L `..�'T InsUUment sAalt be paid to the eadry tegaUy�tled thereto. ,�`}°' "•- �'
<br /> . . In the event of foreclosure of this Sec�city Instrument or other transfer of titlu ro the Prnpeity ci�t eatingrishes the � ,��;.�� � '� �,:
<br /> ,,;; ' :- .� • iadebtedness.all right.title aad"niterest of Bmrower in and to incurance policies in farr.e st^�:,[E pass to t�$purchaser. `•:.,�`,;?,! '`�yT'�.t`;;,;;;.
<br /> ,;.:�r' , 5. Oecupancy, P r e s e�wa t iom, M a t a tenance an d P r a i c c t ton o f t he P r o p e r i g: �a s�o w e r•s l.a a n A p g l t c a t i o n; . �t+�l:w?:� :u -��°
<br /> • :�:•���. ��F�tia
<br />��k�:. , � II�holds. Borrnwer shall occupy.establish,and use the Propeny as Bnrrowerk pcir�.ipal residence within si�days , �•�-��°;�� ',"°'Y=��S.w;
<br /> �;.=,,� .�� � . :`„ ��, affer the execudon of this Security lnstfumec:t an�shaU continue to occupy the Ptuperty.as Borrower's principal res dence � � � �
<br /> "`�' ` �}' �� � for at least one year aRer the date of occupazrsy,uniess the Secmtary detertnines this reqmrement will cause undue hardship „`?� `�' 't'`
<br /> ���,.
<br /> :;,.„, .. ..�.. . ,;�:� ,
<br /> :-�,e��- � � . . . [or Borrower.or unless eatenuuting circu�ss{.�ces euist which are beyond Borrowerk control. [�crower sltall notify � ,. ��
<br /> �i;'=..' :' .• Lendeis of any eatenuadng cinvmstatuces. 6orrower shall nw commit waste or destroy.damage or sabstantially change , .
<br /> • ,�,�:•.�. .': ,, tlae Ptoperty or allow the Property to detetiorate,reasona6'.e weur and tear excepted. Lender may mspeet the P�vperty if the _ ; t�
<br /> '�: - � ° •� � Roperty is vacent or abandotred or the loan is in defauis. Lender may take reasonubie action to protect and preserve such .
<br /> � �-� ., • ' .. vacent or abandoned Property. Borrawer shal!also be in defaWt if Horrower,duting the luan applicadon process.gave �
<br /> � � matenally false or inaccurate informat}on or statementc to Lender (or failed to provide Lend�r with any matenal •
<br /> ;��� '' � infonnatIon)in conneetion with the loan evideneed by the Note, includirs�,but nnt limited to.repnosercauons coneeming ' ,
<br />- '�' ' ' � Brnrower's accupancy of the Property es a principal residence. If this SecLriry 1nst:ument is on a leaseliold.Botrowet shall '
<br /> .•',�' ''� ca�rr�ly with the provisions of the tet�se. If Honower acquires fee title to the Rnpem�,the leasehold and fee title shail not
<br /> '. ' '? � :,' tte�rerged unless Lender agees to thc mergrr in writing.
<br /> ;�;., _�_'� � , � 6. es to Bu►mwer and Ptotectlon o!l.end¢�'s Rishts in We Property. Bo,rower shall pay ull governmenta!
<br /> � h
<br /> •�rt� � ar municipal cl►arges.fines and impasirions that aie not induded in Paragraph 2. Botrower shall pay these obl�gapons on ,
<br />- ��- dme directly to the endry which is owed the paymen� if fvlure to pay would adv�rselX affect Lender'�interest ia the
<br /> �'''°> � .�:'� � Pmperty.upon Lenderh request Boaower shall promptly fumisd to Lender mceipte evideacmg these payments. , .
<br /> ,:� : �. If Borrower fails to make Wese payments or ihe payments required by P�mgraph 2, or fsiils to perform any other � � •
<br /> - ?���:.�,.. . covenants end ag�ements wntained in this Security Instwnent,or there is a legal pmceeding that may s�gmHcantiy affoct
<br /> ..' � . Lender�s rights!n the Property(such as e proceeding in baittwptcy,for condemnatiun or to enfor�e laws or reguludons). i
<br /> then Leader may do and pay whatever is necessa�ry to protect the valuc of Me Ptnpeny and Lender�ri g hu in the Pmpeny. .
<br /> . � , .' � including payment of taaes.hazard irtsurance and other items mentioned in Faraglaph�. � ' '
<br /> ' . My amounts dis6utsed by Lender undet thi9 Para�raph shall6ecome an ndditional debt of 8otrower and be secured
<br /> � : : ��'� by this Security Instrumen� These amoun�v shall bear�nterest from the data of di�bursemcnt.at the Note rate.and at the
<br /> . � opdon of Lender.shalt be immediatety dae and payuble. �
<br /> � . 7. Condemnattom 7tie pnoceeds ot any nward pr claim tor d�mages.d'uect or consequential,in connection with any .
<br /> ' ' condemna@on or other taki�tg of any pazt of the Pt+nperty.or for conveyance in plr�ae of condemnation.ure hereby assigned
<br /> • � aad shall be pai�to Lender to the exteat of tha fWl amount of the indebted�eess that rcmaim unpaid under�he Note and tlus
<br /> : � .;,�� � � . Security t�m.+�menr. Lender shall apply such ptnceedw tn the reduction of the indebtedness under the Note and thls Security
<br /> � '� . . lnstiumenf.first to aay delinqnent amount�applied in the order provided in Aamgraph 3.end thea to ptepayment of ' � ,
<br /> __����_-__ __ �, p�y�pAlicattaa of lise Fracee�ts to the ps�er3pnl shai!nnt extend esr�ostpone tAe d«e date ot the monthlY :_._.--_------
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