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<br /> _ � �. . � _ ; . _ . _ . _ _ : �1=i:1a���4. �� � � :
<br /> : ' l. l��w�e�t atltii�e�i.I�ier�dt a�i I.�le CI�1� Barmwa ahall p�y;wLen due the p�incipd of.�ad inleiest ao. .
<br /> - � `� t�deb[evidenoedbY tlie Ncoe wd!�e elwses aut under drc Nde.
<br /> i.M�fYr M�e�b����rN Otiier Burtowei shal!ioc.�ude�ie e�ch monthlY WY�� .
<br /> _ �with�e pr�i�l�ord.iater�st�set f�in tbC'N��Y��������iPtopat�r.aod �
<br /> - �cW asses�a�?cvxd a to be kned� �Y
<br /> (c}piemwms for in.suranoe�e9uirad bY Pan$ri'Pb 4• �.�lftb of Ifie aaaurl ama�mts.as teasoeaDly�
<br /> E�ch maa�1Y o�alta�ecu for i�ns(a).tb}and tc)sball'e4u�! ---
<br /> ����miin4ia an addiciaa�l hataoce�of ao�mar�tt�aa a�e-sixtb of tht
<br /> - ---- ; �d b7►�.end��P� eod'mg ane- _-- -
<br /> �d amoe�fts. Tae fnil aanwl amoubt ftx acb.ium s6ati 6e�ccWnWated 6y I.ender within z petiaKt' -
<br /> - m�h befvre aa item wouid baame d�linquaa. Leader sMll hoW the amotmts coQected in`uv.st to pay iums(�)�tb)and� . . -
<br /> ,:-> (c)befare tbeY bxame Qelin4ue�►t heW hg:�ndes_for items ta).(B)at�d tc)together with tbe futue�av�'.�}';. : --
<br /> i::,: - _. . _ if�4�y_dme the wtal.of 1Le RaYments _ _—�.�-__`
<br /> . p s y n�+fix such u�ems pa►Yabte w i.eadFr p�ior to the fise 4aues of snch-icem9:e�ccceds by mo��.o�sitilt�'� : __- - -
<br /> • e�ed amo�ai�af Wl�ts�4ui�d�p�7►�such items w6en d u w�a d i f pa_ oo t b e l�t a t a a t c c u n a�.:t t�l�d:�r 3 e c,: � �
<br /> shall either tefuad tbe exaess ova aao-sixth of tha estimued psYments os n tiie ci�ass oves oae-sixth uY.ti�:�6� -•-- ----
<br /> � ta sabse9�P,�Y�s bY Bomoaer.�t t6e opaan of Bormwer. if the totai o�tde PaYmtaCs made'bt�n'�i�sqv�er . ••x��-
<br /> as itaa N).(b).a(c)is�ns�en�t�PaX thc itan vvhen due.then.Boerawer shall pay,ta i�ender aay��irzi.r.o�sst}�w_. -
<br /> malre"ap tbe deficie�ncy m a befaae the due tbe item becames due. of Housing�d Qtban De��elWmernsaa:i�i'ot het "-µ- -
<br /> As used ut ibis Saunty In�vn��,°SaTet�rY"means tt�e SecieWY - -`=---- �-_
<br /> desi In amr yeu m whi►;h the Lendet mnst pay a mortg�$e iasurdace plemium to the Secn�ry�:each monthtY F�►Y!aNif . . ��i`.`'f=�==
<br /> $ um to be d-b L�endec�tu�tt�-
<br /> ' y ahal��nsciude eitlxr (�)an iastaUment of the annu�l mat8age in�u�c�,� P� y . �,.''`:.::.
<br /> •r�� Santary.as(u)a mao�ly ch�rge insie�d of a mo�tgage insurance prrmium if this Security lnshument is heid�by.•tt��- '.,.;:�._�
<br /> , , � Socre�cy. F�chraoath�yinst�llmentoftl�e�geinswuxaepremfumshallbeinanamcwntsufficie�toacc�unul�tY�� �•_ �=�;.-�`',
<br /> . - gage insuruxx pranium with l.ender one month prior w the due tb�fuil a�muai moRg�gc.�� ��`'"-x'�-.
<br /> "- fnll�naw�mat sl�tlb�itaaitn�:°".:;.: •.: .. ,. �.<,_--
<br /> • �'' - pamiam is due W the Seccetaiy:a�rif Mls Savriry Instrm�nt is M!d b}r the Sart+etazy.eacl►manthlY char8� r:. . , . „ : .
<br /> � �eqwl w one-tweiflh of ane-h�tf pecaui of ttte ou�standing princcp�,l#z�tance due on t8e Note.. � _i=:.;_".�-
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<br /> � . � _N Bexmwer tsnde�s ta I.ender ide full payrtKnt o f a l l sums s e c u�r l b y this�ecuri ry Iasaument�BoRawes's`accouaGC..,,, .„ �_
<br /> '' �• �`` shaU be c�ited with tbe bal�nce ranaining fa alt.mstalhnents for itecns(a)..(bj�nd(a).and aay mo�tgage,incuranoc. - - .'-.,c`-
<br /> � ,�efuad aay , l"T-
<br /> �:>:�,. •" .. � piemium installment thot Lender has not become o6l�gated to pay to t l�e S x rctary;`r�:3.e n d e r s h a U P�D�Y � . ,_
<br /> _ -� : � excess funds to Borrower. Immediately Prior to a fonclosure sate of the PtopeRy at`�3s:ac.�luisition by l.eader.Brnrowers
<br /> _....• :'�?-_` ' ; � accoimt s6aU be crcdited with any balance remainiag for alt instaltmeats for items(a).-4,�+)arid(c). - .� ---:-� -�
<br /> `` 3. Application otP�pments.All payments under Faragraphs l.aad 2 shaU 6e applied by Lender as follaws: ``� ..; .:.�,:'.
<br /> , `� • =�- �,to ti�e m�xt8a8e insunusce Pcrmium to be paid by I.Ender to the SecretaN or to the 2tonthly charge by the , •., _.,�, _
<br /> ��.:: . � Seccetary it�stead of the monthly mortgage insarance pcemium: , - , _`
<br /> �� _�.-
<br /> .. .��}.�. , :�Q�.to any taxes.}�pecial aasessments,fe3setsotd�ayments or gcound re�'.�d fine.flaad and other ha�ard -
<br /> �._
<br /> . . �nsurancae pnmiums,a�r.equired• . • . � - :
<br /> rx _ • �..:�L2.•sn�e;�s►dr�r�n.'crd�eNote;• -"�'�. � . - �; . -_ -
<br /> , �� �r,1J�.,j�m.•�artiza:iun of the princqra�of the No't�,�j . . . ; � '�;� `. �. _-
<br /> .'� r"' ..; ' �harSes due under the,i��:+�. �
<br /> � ..- "i�ta 4�: . . .wl�etl�r no� . ..
<br /> . �.:.t�_'�_,, . . .. � '.:€ �"rt+tr.�'aods�adtkJ�erH�rdl�raace. Bmm�c�s.':a��atlimprv4?i�entsoa�e�reRy -- .:
<br /> ,� ;r�.:�:.:. ,' • • . ia e�'stence or subsequenUy erected,against any haz.ard�:c.�,�alties.atid continger,cr�:�ncludi�rg�.for whicb Lertder . , . ---
<br /> . ,;��:j��;����,Y'. .�res tasurance. This insurance shall be maintained icr.d�:amounts and for tlse pes:�s that l.ender requues. Barrower � . , . '`�' -.
<br /> �• �• � '� � s6a11 also insure a11 improvements on the Property.whetis��cow in existence or subsec�uently erected.against toss bSi floads . �`. _
<br /> � to the eactent required by the Secretary. All insurance shali be carried witb compa�ues appmved by l..ender. 7'he insutance �, � . _''
<br /> �,•�Y A• • � � �
<br /> _�.•�:`�.-- • p o l i ci e s a n d a n y n m e w a l s s h a l l b e h e l d b y L e n d er and shall include toss pa yabte ctauses in favor of,and in a form f
<br /> " .• `� ' acaptable to.l.ender. .
<br /> � �s=�;'�;:' , In the event of loss.Borrower�shaU give Lender�ediate notice by mail. l.ender may make praof of loss if not
<br /> .. ..z�,:,,� •
<br /> � ;��;!;�t�,;; •` f�.ie promptty by Boaower. Each insurance campa�+csr�emed Q4 hereby authorized and directed to maice p�m.�t,for `
<br /> ` �`�'�,r��;-_ , `�2oss direcdy to Lender.inSteaA of ta Borrower anS'ts-�.ender jointiy. AA ar any part of the insurance proe�?�=�+be �:.'•J:
<br /> ....
<br /> j : .; �..r. •"-�s;ied by l�nder.at its aptian,either(a)to the redarr,�a��i tl�e indebtedness under the Nate and this Secunty i�-�:�ent. . t
<br /> , �., �a �.';. '• ' •`�f�st to any detinquent amounts applied in t�:otder :��=agraph 3,�rd then to prepayment of prirrcipat.or(b)to the.
<br /> +��.�� ' `�. '•, �. %� • '. . i�storation orir�sair of ihe damaged p��",��zy��`-an of f:,.��x�:edc to the pnncipal sfYa[L a�eatend ar postpone . .
<br /> •. d� ,
<br /> �. , . r�r .. .. � , ,°_
<br /> , ..�w�;,. s • .. ai�due date oi the monthly��r.lents Ht��'�.:�=refer.-�c�tr��Par.i��.�:Z.or change the amaunt a�snch payments. Any ' L
<br /> y�1� ,: �� : � . r�;�ss;nswa�e p�oceedy G��an amouh:tequired r�ps:..�>3 outstandmg mdebtedness under the Note and this Security
<br /> � ; '�strument shall be paid toth�entity tegaily entitled ther:;a. �'"��
<br /> '� { , In 1he cwent of foreclosure of this Secunty lactrument ar other tran�fer of titte to the Praperty that extinguishes the • £
<br /> � 't � ;*( '.' , indebtedness,all right.title and interest o��:tower in and to insuranc�aalicies in force shall'pass to the purchascr. . -�":�__
<br /> , .:...' ,+�; _ �t��
<br /> ", a 1 .� ;,.� : ,�;� . 5. Occapancy,Peeservatlon. 1Ni�aierance and Protcctiaa�ihe Property: Borrower's Loas Applkation: _
<br /> �;��'..�'�= ,� . • ��,e�ehotd.9. Barrower s6aU occupy,�:1:�Ly:and uce t'.:g Prapert;��Horrower's princ�pal residence within sixry days � .4__;:
<br /> � . " 1. ,�;:;t`.r.. ' � :,fi�r the ezecution of this Security I.z:.�zs�..--�:�:a.�d��haLF c�+'anue to t�ccupy the ProaertY u.c Borrower's principal�dence ..,,5,���_' ,
<br /> . �'j{;;•; . faeat teatit ane year after the date vf dec��.;:�...r..�ss:�.?�.�.retary determmes thi,��r�yuirement will causc undu�:vi�'�s1u'p �;�;;�;., . ,
<br /> � �`� �' � ' , . '�'r.+i Batrower,or untess extenuating sirca�rnys„.'r`•ce!s�r.t:a.'whlch ate�eyond Barrr�er's control. Horrawer�hsJ.I notify . .
<br /> r�Y'� � • � � � l.endtrs of any extenuating circumstance�. Bucrower shall not comi�zit.'�aste ar de�troy,damage oi subslantially c?�aage �• .
<br /> • ; • � the praperty orallow the Property to deter,nr.�P,re�anable wear ard��arexcepted. l.cnder may mspect the Property af the C � �
<br />• � �!',' �� •�;��� ptopeny�s vacant or abandoned or ihe loan is in dcfault. l.cnder ma�•��cc reusonabtc actinn ta protect and ptesrrve sutSs • '',,:,
<br /> ��;,;;�,.,;,:.!� �. � ' v�ca�t ot abandancd Properly. eorcowcr shall�Isa be,in dcfuuit if Honnwcr,during thc toan upplication prn�s.gave �: �,;s�
<br /> - .+��f,�Sr�:. Z m,U;.'rially false ar inac:cur�tc infarmation a► �tatcmc�n�'t� Lendcr (or failed to prc�vidc l.ender witb an}:i-�stenal i ;;,.:, .
<br /> ��� .;'<" ' ' iirCa:mauon)in connection with the loan evidenced�iy�i�:�ote. including;but not limited to,representations tx:�'��:min
<br /> . ;,�t<<��;.; . . �
<br /> • .'.Ba'r•ower's,accupancY of tix;i'roperty av a princsPat rc'�±��:c�e. If th�s Sccur�ty In.rirument iti vn a teasehniJ.Bvrr.�k°r sfia! }•
<br /> ,'r;.��� �`�:i'` '�'� � � .���;y witlt.�it��rdvlsIons of thc fca.+c. i!B:��r`o�ver ac�;aj;cs fcc�iile i��the Praperry.thc Icaschold und t'ee ti8e s.�all not • ;
<br /> '•�?�,,;.+��' i
<br /> '.i?y',t��.: « � .�rlerged aitGss Lender agter.:tnihe merg�r in a•riting.
<br /> _.:.i,,.,, 6. Clwiges to Borrower and Prutect�on of Lertd�"s Rights�iri the Property. garra�vcr+hali pay afl goverrrm?�r.tal . ;
<br /> •`�%��`�� . �ratunicipal char e5 tines:md impo!�itionv that arc not'3p!:°}uded in Paragraph 2. H�+tta�vrr.hali pay these a6li�tf�ins,:� ".�. . . , :;, ,
<br /> . , :. y?;u;�. � , .
<br /> time directty to the entity which is uwrd th�paymer.ti �[fi failure u►pay woutd adversrlp affect L.ender�inter� iy3 c�:. ' � ,,j;:;_
<br /> Praperty.upon I.ender's requcst Borcawer shall promptly fumi�h to Lenctcr reccipts cvidcncing these payment�v. ` ' � . � ,
<br /> lf Bomower fails to make theye payment�ur thc payment�teyuircd by P.�ragr.�ph 2.ur failv to perfarm a»y euher,•. , ; ,
<br /> ' covcnau�is and a nts contuined in thi�5ecuri►y instrument.��r ihcm i�a tegal prexcedin�;thai may signiticandy uffect E . �
<br /> � ° l.ender's rights n the Pf^aperty lsuch a�a pre�ceeding in bankruptcy,fur condemnut�on ar tu enFqrce laws ar regWationsl." !
<br /> ' then l.ender may do mnd pa�wh:►tever is nece�.sary to pr��tect the v,�lue��f thc Pr+�pcsty:u�d Lender ti righ��in the!'roperty. ,
<br /> ^ • including paymeni of tax�s.hazard in!�urance:tnct other�fetnc menti��ncd in Hir.i�raph?. : -
<br /> -_ � � -- ' Any�:+mounis disba!aevi by Lcnder under this P�.tra�raph�tu�ll beeome:u�additional drM��f gi�nower:md�e sccured ;
<br /> . . � ! � by this Securiry instrum�nt. These arttountg shxll bear mteresl f►om the c�atc uf clisbursemtn�at�hc tiute rute,and at sttc
<br /> j option of L.endecr,shall be immedialely due and payubte. �
<br /> . h� �;onQ�mnatioe. '{'he praceedq nf ar�y award�t ciaim fur damagr�.dircet nr c�nseyuenti:�,in eunnecuc+n with any ;
<br /> . � : � •� condemn�tion or ather t�IcinF of any p�•ue ot the Pt�Pert}+•ar fur c�nveyance in plaer uf condrmna�ion.are hereby as���nec� �
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