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<br /> _ , � . 1. h7�te�PticiW.IMe�e�E`a.a Wtet7rr� SOaewer swll pay when a�e the pcincipa!af.aod�n�a�esc ao. .
<br /> � ihe debt evideaced by 16�Nate�d la�e ctarges due undet ibe Na�e. � Barovrer shall inctude in,each tnoat�tY WY�� .
<br /> � Z 11ta�1Y�Ml�ests atTa�es►t�ra�e��d Otiea Ci�r�. .
<br /> ` to�witb the pri�prt a�d ia�st as set�fatti ia tbe Note aqd any taEe charga.an insqlla�ent of any tat tazes aid�
<br /> -spo�a!usessmeds ievied or w be levied against s6e Ptopeac�r,(b)ie�eBoW paYments ar�oturd re�us ar tlre Rapecty.�
<br /> (c)Pre��sms for insiumcc requit�Q bY P+�sE�pi�4- �
<br /> Fxh mont111y�iostallment for i�s(a?.@)mtd(c)shall equat une-twelftle of the a�nuai unaunts.as�a�sonaMy
<br /> -�by�.ender.p��as�-�t to maiutait�an a�dma�at bat�ct.of noc more tlm ane-si�th af Ur. _ --
<br /> ' esnim�ted amoivass. Tbe:full aaitu�l�at far.rrh item stmfl be xcum6taceA by l.ender vrithia a period ending aoc
<br /> ma�th befa�e an iiem�rouid become ddioquaN. l.endar sba116otd the amounts coltocted in uust to pay items(a).[b)�
<br /> (c)befae they became de1i�!t
<br /> If at any�tbe total of th paymenu heid by Lendcr for items(a).(b)and(c1.together witb tt�e fut�ur moa�hlv
<br /> - _ — pay�for�ucb iLems pzy�%ta�.ender piias m t6e due dates of such items.eacsafs by more thazs ono-sixth the _._,�-_--—._
<br /> ee er
<br /> �red amount of P�Yrt�ks�eqai�ed�tn�_mfy such ttems wlla�Q�and if paymrnts o4 tLe Note atie cunen�thrn t.er�der .
<br /> — sball eidxr refand tbe excess mer Q�fN�dF IIiC��Y�a CIGIl[fI1C,87tCCSS QYCf O�C�5IJIUF Of tI1C�
<br />--- QayA1Ci1GS IO StI�SOt�G11[PaY�G(lis bY Gf.$UIC Op[IOR Of BORdWCf. If EhL'tOf�i Of tllC Q7�IIICSES tlWdC�►BOfiOWCr
<br />-= - for item(a).N),a(cj is ins�eiait ro pay We item wben d�t.Elxn Borraaer shalt pay to l.ender a�ry ama�at nooessary to
<br /> maka t�the dcficie�y an ar ixfar t6e due the itaa 6eromes doe. -
<br /> � l�s used in this Secunry insar�rett4"��ary°rtieans tfie Sec�etary af Hausing aid Urban Develapnrent os his or her- ---
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<br />��;'..:: �8�-.m�Y Yrar in atich thelrender must pay a matgage insuiancs pRmiur».w t6e Scaz�t�ry,eai.fi manthiY PaY�� --- —
<br /> - -� shaU atso inctuek ather: C)an instaltment of thc arnuai martgage insurance premium to be paid by Lender w tbt '�<�—
<br />,`:'x. SaretazY.or Cil a rna�ttily cl�aBe instead of a mortgage iruuranco p�mium if this Serurity lnmument �s ixtd by the �=:-
<br /> --'=` Sacietuy. Facb monthly instailment of the mo�tgage iasuraace Pr'e�Nwn stral3 6e�in an amount sa�icieutta.xcnmulate t6e �='"_
<br /> t whh[�der one moath prior ev che:date the fnl!aanuaf r�ge iasurance �=s—
<br /> .Z.� : '.fnll a�ual mo�tgage iasurujcc pnmium _
<br /> mo t
<br /> � t t�C�bY tise Se�ctazy.eactc mqad�l9�6e ur-�r
<br /> � p r e u m u�i s d l�e t o t h e S a i e t a ry;or if t6is S�i t}�I n s t n u�e a ' �dae o�t f�c Noa. . � -
<br /> , amamt Equal to one-twelRh of orwtiatf petcenE o f the outstar�diag p�i p a Z
<br /> ': tf Harfuwe�tenders w Lender tLe fnll payriieat of�il sums securrd by:tia�Security Iruttumen�.SoRqwer's account _ "`°°�
<br /> .� s h a i l 6 e c�e d i t e�w i t h t b e b a��n c x r a n a i n i n g far s1T imstailmrnts for itemq(s��;:fi.�)and(c?and any�ge insuraoce , .,��-?
<br /> �:� premiiun instaltment tUat L�ender has nat becoiae o6l�gauA to pay tu the S�.and Lender shait P r v ar�'d tY re f i u�d any w 4,
<br /> - excess funds to Romawer. lmmediacely prior to a:45iieclosure saJe of the Ptopeity or its acguisitian h}�t�,Bortower's f_
<br /> -,� ' ' instalfittnts foritents ta?,(b)�(c}:, ' ' . �=` �' _
<br />,- . ; accome�sall be c�edicedwitt�any�b�T'�nce remain9ng foraR ; ' ,•;._. �F�=-
<br /> `'.�. 3.Applip�tio4 dpi��ts Al�paymentsurder Paragraphs 1 and 2 shall tre appti�#fry Ecnder as folfows: �� �:::'-;�;':�::,
<br /> - �,to the mortgage tnsur�a:�mtmu to be paid�b�y.�t{��� c so the S�etary or to ilTe amnthly charge tsy ilte.:,: "�`,°'4-.,._
<br />. `°�c ' � . Y'�"'"'�'.'�::• . ... . � • �ifi`.fa� Ei� '
<br /> S�taryLuteadofthemomidy�sortgage�asurance � :-_ . �t.Y:•-+� �_
<br />, � �,ta any ta�ces.speclal asscsnnents.teasehola pay�s�st�ur.graurtd re�;ts,and fire.flood and r�tber har�t . ,'.°. . -
<br /> `u>z jqY�dflCC p(E/lIIIII115.1S RQ�� . •- �r ���4 z�.-
<br /> �^'•';" -. 'E'C�]RDtOituerEStdueqndett6�iwnte; . ,.. - - � - _`.'�
<br />�``i''r• �:-.. �,{,to atrwKizatianoit5a�gc"�cipal of the Note; � :. <;� �`. . ':',"::.: . ,:�'• ' , - -=__
<br /> �,w late charges due undi�tise�Tote. ' ��;:"-
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<br /> . r. � 4. I�7r+e.Fload aaa�lber H�ar.i��s�:Brnrower shall inSUre all.improvements on the Property,+khetlkr now ., � :-
<br /> ' in eaistence ar say�quently erected,^�,�'�ds.casuatties.and contingenc�es,including fire;Cr�r}��tich Lender ;�#1.;� . . _-
<br /> : - -' �equi�s insurance. 'Ifiis insurance st�,.�1�t��ned in the amounts and for the periods that 1_ender�uisr�. Borroaer `;:-"-. .. :_
<br /> r�-� � shall al.s�►insure all improvements ert di��rCS�ertY•whether now in existence or subsequently crected.again.s�toss by floods �
<br /> �:'� • to the e+:xent required b y the Secretar�� x Yl insurance s h a l l be c a r r t e d wi t h compan�e s a p p r a v e d b y I.e n d e r. T h e i n s u r a n c e . •
<br /> . ,�.� , pp�cx��1 any renewals shall be'seld by L.ender and shall include loss payabte clauses in favor of. and in a fotm
<br /> •;''i'�4 '�- a;;�.'�:a to.l.ender.� •
<br /> ..?_;
<br /> -•�fst i.tie event a�la�.Borrower shall give Lender immediate notice by mail. txnder may make pmcf af loss if not �
<br />, • ,;;,,'.' ��romptly by B�wer. Each insurance company concemed is hereby authoriud and directed ta ma3ce payment far ',.�. �:
<br /> ,. • �,h{�4�;� to I.ender,instead af to Borrower and to l.ender jointly. AI I or any part of the insuranse proceeds may bt , �,r;F�=-
<br /> .� y reduction of the inde6tedness under 1he Nate.and this Securiry lnstrument •'c►`.;�; ', • .�::.<<<�
<br />;.••,� r?; . - ���sy I.ender.at its optian.either(a)to the �._
<br />,;�� j„ to an deli uent amounts a lied in the order in Paragraph 3,and then to a�mertt:of rinci .or(b)�a iir� • r • :,-
<br /> Y MI PP PreP y, P P� �,�.�:-
<br /> 'y�+,ti;� Any application aF the procee�is to the pnnci�.�3�t?�11 not entend or pos��. , � �, ; . f:-
<br /> .�:. {,7,('•, restoration or repa�r of the damaged prope�ty. .
<br /> ° ��1' � ' thc due date of the monthl y pa y ments whuh aze rt��rred to in Paragraph 2.archapge the.:riu*znt of sach�.ayments. �r�g : t��;,.�;
<br /> ' �'i;� ' � excess insurance proceeds over an amount reqaitt�i so pay a l)ou�stan ding ir�i:.-��dness u r�f�r t he A T a te a rn t:t h i s 5 e c u ri t y ��ir
<br /> ,f� ` ` lnsttument shall be paid ta the entiry legally entitled ihereto. . � � ' • • � ' rti;.,,�`. : , _
<br /> , � ;�.: I n t h e e v e n t o f f o r e c l o s u r e o f t h i s S e c u r i ry I n s t r u m e n t o r a!�e r t r a n s f c r�f t rt i z t a citc l�p c r t y that extin guishes t�i p �
<br /> . ' ;, indebtedneag.al!right.title and irrterest oi 8arrower in and to in.n�,tance polici��irr t'nrce sft�t gasv to the purchaser. ,:' '+.',�_
<br /> � ' ,�;, . 5. Occupancy. Preservation, MsiL�tenance ar.d Peotecti+� of the lPcogerty; Borrower•s I.o�n Appitcat5p�t- . �
<br />� . �� LpsehoW.a Banuwer shall accupy,estabJish.and use the Pra��as Sar�w�s�pnncipat residence within suty�s ' . . _
<br /> • �, �: �• �after the executian of.ihis Securiry Instrument and shAU continue u�occ�►gy��ie!h»PercY at Basrower's principal residence . ,
<br /> ,for at teast one year after the date of'occupancy.unles�the 5ecre�,:r�drterrt,irG�:��is�s reyuirement witl cause undue hardship .�`• �•
<br />�` -- �•�•' for�amiwer. or uniess extenuating circnmstanccs exist whislt:;.re txs�d'Iic�rowes's cuntrol. Borrowet chal!n�:f�c
<br />•,��;• �.,"'-'��'.r;;' � Ler.dc�s of any extenuating circum�tances. Borrower�hali nos.u�ritttit s�a:r.e cz destroy.damase or�ubs�antially cttas�$e � � �. :�,,
<br /> _ �'� the Praperty or albw the Praperty to deteriorate.rcasonablc we:ac:�;d tear exu�red. LcTCder may inspect the Property�f�� y.. `•-
<br />,. . •• • ptoperty is vacant or abandoned or the laan is in defautt. L.ender may Iake r�asnnablc ar{n�rt tv protect a.�s9�reserve snc;� � .'��i:•:
<br /> r�-^'= �• �,' . vacant or abandoned Property. Borrower shall ulso be in default if Borru�er.durina che'�i?un apptieation'j�racess,gave { :
<br /> '' "����"'' '�. materiall� fatse ar•inaccurate mfarmation or titatements to Lender I�r faited to prav.i�fe, Lendcr�it�ir'any matenal . '� ,
<br /> ' • ' .t:,;_, informatson)in cannectian wiih thu lonn cvidcnced by the Note.+nciuding,bm not limrtui in;,represer�ti�ns eoncersting � ,n-.
<br /> ' . ;?;. Borro�sr�"�:occupancy of the Proprrtg ar a principal res�dence. ifdiis Security in��rument i��»:a lea�ehatd.8osrower�iiall . •:,f-;-�
<br /> • _- ;'4�;��i% camply wiih the provislonq of the le��se. If Borrawer:uquirc�C�iitle to the i'rnpeny.thv�+Ayi.�itolJ:u�d fee titte�halk not: [ -:;..�..�
<br /> !�s-:�:: ' , be merged untess L.cnder asrees to the merger in wdting. . . � �
<br /> . 6. C�es ta Sorrower aad Pr�tection of i.endet's Ri�l'sty in ihe Praperty. �oROwer�hall p:►y all gavemnn�?;r:�
<br /> or muelcipal c arges.6nes and imposition�that arc not includcJ-ia Furagrapfi«. 13arrower shal!qay these obhgatian�'cr►
<br /> � ', � time dimctiy to the cnGty which i�awed the payment. 1�faitun:to p�y N�+uld advcrscly rffcct Lenders intcrest iit tb� ��
<br />';� ,;;. . propeity,upon Lender's reyuest ff��rower shall prumptly Pumish t+i t.ender rtv:cipts cvidcncinb lhese p�yments. • i
<br /> ,`, �. Ef Banower fails ta mske thesc payments ur the paymcn�s rcyuirrd t►y I'ur:�grAph���r fsils tn perform any oiheT �
<br /> . ' • caveeaa�ts ant)agreemems contained in th�s 5erurity fastrument,ar therr is a tct;al prnceedi��lhat m�y stgniftcandy uffert ,
<br /> ` . ' Leader�rights in the Pre�perty tsuch a�.0 prorecdin�in b:u�kruptcy.far cundem�s�uan ar toen(Acce laws ur regutati«ns). ;
<br /> . _. - ; ihen Lender may_dn and p�y wh�tever iy necess:uy[a pcutect the value of thc Prnperty mid Lc�tder�ri�hsy in the Praperty. ;,
<br /> . • . � • it�cluding payment of taa►es.hau�rd insurance:u�d other�tems mentiurted in P.rragrapb 2. ' �
<br /> � t � • Rny amounts disbursed by Lender under thiv p.�r��raph�hall t+ecomc an ad�iitianal�isbt uf gurrowcc:u�d hc+ecumd � •
<br /> - -- -•° - --;. . by this 5eturity Insvument. 7These amounts chali ixar mtmr�:from ihe datc uF�iisbutyenient.a��lir liete ratr.N��ui 1I[C i •
<br /> : ' " opion of L.ender.sha0 be immediatety due and p�yablr.
<br /> � 7. Caedemnadoe. 71te pmc¢etls nf:iny award ar claim for damagcs.direct oc co�seyuential,ia cannectioa wittt an�� �• .
<br /> � candemaation or nther taking of iury p�t nf the t�roperty.or for rnnvcyanrr in ptacc nf rundemn�ti�.are hereb�a�s��ened ; •
<br /> ' aad sLall be paid id Lender to the extcnt ef the full am�unt oY the indebtc�iness th:�t rem�in�unp�id undrr the Note:utd this s.
<br /> - - ---- ---�-__ - . �ecttrity fnsttvrttent Lcrtder sha}t appfy sncir pn�-m�s tatfte srclrteti��€the�st3cbtcct�:.ss uncfssr stre 1W�te:sst�!L�tiw.Sees�rlt� _. _ _..Y.: ----
<br /> c
<br /> � � ': . Wswment.first tn any del�" uent amuunts applied in the�rdcr provided in P.u�af;r.�h 3. :u�d then tn prepaymenl of
<br /> ' ' , ptintipaL Any applirntion af the prareeds ta the princip�•d shali �w�extend ar postpane tha due d�tr of the mirnthly • .
<br /> -, , ... . _ _ FjJUQlf[�4pJ¢fcF _ _ .
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