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<br /> _':,���Py.w�en;idua t6e principv o�,sod ia�e�est ao. ` .. _�
<br /> !. l�j�a�t ilr�l�:I�MQest aw�1.t�Ci�r�: . _
<br /> the debtcridencsd bY.tbe Naic aad tate c�r[�es��;t�t��- 'B�,Q s6dt indude in each mauhIY P�Y�
<br /> � Z. MerWT P+J��d'lf�w,I�oeaa�t�klieh. �e�q,ibnen[of�nY(a)nxas�nd
<br /> �w�h die priaci�l aod�s�e�st�set futh 3c►:th�-l'f'� .��°r��m tAe Rope�tY md �
<br /> ���i�viM ac�be leviM s�ni�t.t��e.P�':• � •
<br /> (�)p�fa insu�aaa�04�b!►�� , �e-twelfth�uf.tbe amtal aiaonnis.u ceisota►b1Y
<br /> Fach monlilY�foc icaas[a),@):anc�;(c),si�►e�1�
<br /> �bY�p��u a�x'sa��at�m.ar�ix►�r�;��:�� °f.na�.�°°°c.th�n oas sn�th uf t�e
<br /> �1e�amamts. 'I�e foU amwl�amounc•fc�s,eacb,ittm�stq�►1x�accumut�ted.bY�:�.ender withi�t,a pa��af�
<br /> a�oady befaa�n item wontd becum�de�nqu��.l:endtt,sls�1.�r.t�t�amouats colhuted in omxt.W;pal'itcma<a?+,tb).twd:
<br /> y (c3���Y�� Leades�fc��izims ta?,(b}�und(c?:�8�with:tha futuue a�aathlF•,
<br /> - ��__..- - -If.atn47t-timc tbe ta�al�af.dtc . _ _ bC�,6Yt. � • � 6 a�R�.�►:�X�h�tbn�_-- - -y._-- _._ - _
<br /> p�yrneats fa sucL ioams Pryai�Te ior���P�a��3u�`�����'�� �� '�
<br /> e�im�ted amoimt�PvYmenes t�a�ta pa}SSad�iteats���n t�����on tbo Nvut w�co�enk;tlxn t�n�er:
<br /> - stpili either�efund�exoess over uoo-sfxtb af tt���cd pg3�"�wer. �tatat fo tda ppYmwts m��l"`�'�`....-;•_::�:'.,::
<br /> psy�eau to��PRY�bS�`:BoatoAC�at.thaap!Iitm+�4���ra shaU P�►F. �`any aumuunt:e��Y�•���`;:�;'` : _
<br /> far�tem ta),tbk ue te}is ia�ff'iciens to paytt�itp�cet�o�tr�.,3tfir2m �D ;: : �' ''
<br />_ += m�lca aP d�e de&cien�Y.oa or befae tbt duG tlse ite�[►Ib000a�dr��.. of Hausidg�and Urban Deveto�ent.or.lti�or 4e.r'", .
<br /> _ ISs used in this SocantY•L�sdameat,°�`'t�ns•�tSu�Y ��.tbe��Y*�h mamthly PaYm��=_:"•�.;;;-:.`•.; -
<br /> which tUe I.ender mnsc p�=,a mR�tS�&°iQsttsanc��.,�:.. d,b i..e�r to..�he:i:;, -. `
<br />� designx. In a�►Y Yqt Ri ,�;�annt�l�m�!tt� utsura�:�mium tan be p� S��, �:' �•:
<br /> shW also inclade ei�e+e: (i) a�►�nssatimeat' �ritSt Inst�umeat i�held.b�-�.he: � ``.•',:. •;:--
<br /> of�a.moQt it�suuOt�t,��!�►urri s�"ct�is ':,:.-
<br />_ �. , �,or('ii)a monthiY ch�e!i�� ia�wnaetca p�utu�A s6all be-�" �a�a"�t sufflcienl w.accumula�_tiit:'`-• � . :=-
<br /> � ��'.Eachmonthjy.insr911�'��E�iema�tga�C �ta•the�at�•iE�fu�'.annuai gc�� Di�•�' • „
<br /> `" . '::fi��ams�E mo�tgag�insurance ip�`t'�►with,Lesx�ea,a�:,t►��ssi� • es;.hmon�Y���"l�ali befiti:aa- -
<br /> aea a -�
<br /> - • '�Clpii�3$f�0C�OI�GSOCI�B�Y��g�1S�C�1i11j���11S�fY.�1�tS� ��t1St.t1lC�«�'s .. � 'r �e:_
<br /> ` . �unuunt eiqaal w oao-twelftl�of �perceflt 4f.tt�e autst�nd'u��nciPal�u?�:��`:t�e Note. � �.::.�.�:. ��`"
<br /> t:af:ail-sum�stis�und by:��Secu�:Iusutumeai.�+iY?r•eixa's account
<br /> If Borrowtr teridess m Lendess;�s full'Pa� i insatasicc� ' '; .e�,.;- -----
<br /> d � for items(ay:•�'�t�nd�ic;.:and�any iri��8�
<br /> ' shaU be creditod�with tfie balanae'iaaaining• aE a!1 inst�llt�r.�►1'8�. an� �ei shall piomptly refw�d any'• ::i Y�;�==
<br /> � premiam instaltment tt�at 1.endecE�..���t Uecam�o6li�te�tp �iQ the Secre�. �.._,� °� Bormtiver.
<br /> ria�:ta.a.far�c3rnv�s_ �of the Property ar�� �Y • �% ,}�.:���r=
<br /> �ccss fiuds to Iio�aww Tmsae�z�y.R � �
<br /> '� rn account sitaU be credited witb any�ST�sce�emaoimng faF:ali'di, ts for ite'ms ta1,+(tit�{r? - -' .,., . _
<br /> . . . 3. otPsyma�ts. AU Payments u�,P.ucLgtaphs 1 and 2 sha3Etoe'a�p�i"edby l.ender as��'�rnvs: � , `.=
<br /> . to the mactg�aga insuranse p�re�i�um aa ts:p�i��Y�'l:ender to the S ..e�'�Y;Br.to the monthl�E�+a.�6y t1�e. `;"��.�'� _
<br /> _.Y.•. :;�s���'�'<i��
<br /> �' Soerekvy mstead of the mam�'y��nartgige insumnc�pts�►iwn: a�,3��aod and other hvanF.' �;?'-� `.� ` �
<br /> E�;.`t'::;�``' n ts ttasclraL:tp�y,m�tsorgraundte(tts. :� �T:
<br /> �4 .•'i �',"' �,,�Q td111ytSxes spCC'�3�SesS[[i�d1 . . ,� ';
<br /> �'�'� miams.as requ�= ",��� -
<br /> �`� , insutance pce . • ,�"
<br /> ' � �Q.tointenstdueundestf�=:�tota: .. ��j
<br /> L •.. ,. ;
<br /> .�'� �,to amortizacion oY ffi_ � •�f da:NMEt: �-�►'':..• ,
<br /> Q�,�... .t.. • . ,
<br /> - �j,w Ixte chacges di�e��the Nate:- �`�"''`
<br /> ,"°"- 4. FiPG Fi00d 7m�OlIIlt�I11sutAA�:�aCr sral!fnsuce alt.imptovement&Otl the PcoPC�LY�whether aow.. . -.�,t�,�.� ..;;�
<br /> ±�;.�:�-` in existence or subseqtaently efec*a�.'against�aa��.hazzrd�����•and cantingencies,inctudin�fire.for wltich Lcader, , r,,:.
<br />' .' uires�nsurance. 77�is insurance shail be ma+nt2xm.d�iu�tpts��xsnss and for the perinds thut l.ender requiies. Borr�«,�� + '� ,�
<br /> � S��������p�Ve�ncs pn the ptp�erty,�ixshsr.now in eaistence or subsequently erecced,against tass by flaods� .
<br />• _:-�; .. to the extent reyuired by the Secr�etarY•.lAl�uns�.r:��3�shall in l�ude�ass p ya16le clauses�fa or of;d�in a f°m'� � , . :,,;+� f
<br /> *�, -„ - .t.�.., polccies and any renewals shap b:!�° 5 . _
<br /> � .�. ..�.: ascepT361e t�,Lender.
<br /> '' ` '�:! �
<br /> '_�:;� ,.;: : In the avent ot las.g.aarrma-cr slt�Dl�$i�c l:e;r'.fst.immediate natice by mait. Lender muy make praof of loss if nat .. . :.,
<br /> • . , ,,���,. �ptmnptly by Borrawer. :Ea��s�e cnm.`�►Y CO�ed fs hereby uutharized und directed to make pay�t fnr :,;`.oF{�,
<br /> r '..'=_.
<br /> such lass duectty ta Les�er.inst�:oi��a�w�rav�u and ca L�.r�oimly. Ali or any part af the insurance proceeds maY i� .,.�•,:;.;;..,,.;, �,
<br /> � _ app�dy kr�r�.at�tts�tion�either t�tc+t�rr•reduction�f the inde6teMess under the Nato and this 5eeurity lnshumen� .. - .��`���.��
<br /> .n'•.� .,� del' u+�'i�aunu aPFli.��^in,tt��:r in Pan..�aPh 3.and�hen ta prepayment of pancipai.�or(b)ta the ; ��,-'�,F:s�.=- —
<br /> !�. ...� fust to any � ���✓ ���u�ii�a�the procac�s to the pnnc�pal shall not entend or pastpone -
<br /> '.,_n-;�:� r�turatianor�repc�. ., ��s�s`� _
<br /> c
<br /> the�du�e•date aY�tt�fiaz`fi1y p3)'����•�'���retocred ta i�it�=a;raph 2.ar change ihe amaunt af bucb payments• Any �, .-�-_
<br /> , �'�ti,.;:. ex���e p�¢e�s o�zt;s�;.arn�unl�required'to pay•r.tY:�?y:standing indebtedness undcr the Nute and this Security .�iE�.�;,v—___
<br /> � : - in3mu�ny s}�dse pav�to tiie er'u:=5'+�egally.enutled thereto. � . �--
<br /> in:tlse ave�t!'of�fa�ctos�e��is Secunry Instrument ar other trnnst�'of title to the Ptopeny that extinguishes the :>'��
<br /> � , �.� ^� �� i���Fg;�l�qgt?::title and interest oS Borrower in and to insuranre poitk:za in farce shaU pass tn the purchascr. ., j_��v:.�
<br /> 5 t p�,�;.Peesen�atian, M�inteaaace and Protectian a!ttie Property; Borro�'er's LoAn AppUcation; �,� ..� ,.:;
<br /> , T`::���F�`�' - j;t�v i d s+ B o r.�x�r shall+occr�,oY.establish,an d use t he P r a p e r t y a c B o r r o w e r's p t i n c i p a l r esidcnce within s�aty days ... :�...�-�_-'.°�`.-
<br />�, ` '.."=,,;t��,:` ,� , ::`.;1�,-•,,:,' - .�.'._
<br /> r� , . ��-t�execut;on aE tEsis•Securit��L*isuumene an d s h a l l c,�n t i n u e t a a c c u p y.�h c P r o p e n y a s H o r r n w e r's princi pai residence �: _-
<br /> _� Y�.�';•: �s;,.. :.
<br /> � •"'�:�;�:�,�'j?.; • ; forat'ie�stoneyearafe�theQa+�a�xcuparicy.unlesvtheSecretarydetermmesthivr�aic�:entwillcauseunduehardshiY � �''%�r:;;�`�' � ,... -
<br /> '•��:� for Hanower.or�un4:+s exterJ:st:rg cirrum�t a n cc c e z i.r t w h i c h ttre .b�Ynas e ar de tra..::�:r.-�p e ar�b tantial ylrhangf e ��. . , r j'
<br /> . . � ' ` � Lenders a£�any:extec"�;a�:`rg c�re�mstancey. Bbrrower shall not camm� h ; .<<",',;
<br /> ..,:.r•;.< , the Frogerty or a1JJN`��i 4sroperty to de laan ic in defttulb�Lrnd may t�le�e rwcnabte a�ii�.�►sc�Pmt�eci nd pre�Ne�such . ." :
<br /> � ' .,�.r.�,;,�': � ' Prop�ttyrsvacar:t"�:::tiaadonedorthc ,�
<br /> i 1a.• • 13eisower�hat{also be in d.t'auft if�orrawer.during the ioan upplic:stion prucess. gave ;,,,.�.
<br /> . :%,,r,�;s;,L �ac�.t 4r abandoned Propert�. : , .
<br /> - ,>t,::�.'., .
<br /> �. ,��,r�� nformallo)ain coartr�:+.�io wit4a t c laao evidenced by the Nat�n�lud;ng.bnt�not�limiCrd�tu.reproscn at on neoncem nF `' r'
<br /> a�cc
<br /> ;�,.,. ib . �,
<br /> Borrower's occupaceNt a,`the Property ati a principal reridence. If thic Secunt�tnurument is nn.�Iea.�ehold.B��rra�'er r�hall
<br /> ' ,_,;�:�f;,: , .. eomply with the pm�sls:ons of�he lease. li Barrower ucyuires fcc titir tc�tTse Property.�he Ieasehold�nd i'ce title�h:ilt nu1 .
<br /> . . '. .'�,%}i;,�:?'{�:t, ` be tuuetged unless I.en�er agrces tn the merger in writin�. : .
<br /> 6�; (;ha es to Sorrow'er aced Protection oi l,ender's Ri�htH in thr 1'ruperty. Burrr_'�cr�hall pay aU gavcmmcnt:il
<br /> ' � ���:'�`;fl�'y", ` �' . ne:�icip�l c�harfies.finey and im�.itian�that strc not included ln Patagraph 2. Borro����;hall p�ay fhe�c nbligatians an ' •
<br /> • � time�irectty tv thc entity a'Licb iy awcd 1he paym�.n�� If failure tv pay woutd udvesset;•,affcct Lcndcr�intcre�t in4he {
<br /> . PrOpeny�upo:t�.e�sdes s teyuest Banowcr.rhal!prnmptly fumi�h ta Lcnder reccipts evidenCing thcxc�+ay�ments. �.
<br /> � '' If b�rtn�Er f:i�s to matcc the+e paymcntx or thc paymenw rcyuira!by N.uaFraph 3.nr faih ta�xrform anY u�hcr �
<br /> .,�_ .. _... .
<br /> cove4ants and�8�-��ents rantained in thir•5ecutiry instrument,ot ihete is u IcgaF prt�ceeding that may���g�����n��Y��fi�tit �
<br /> ' - - -,--- Lender's rights in the Propeny�i��ev r i neccssary u pratc�t hrtvatue��t the Propeny anJ�l.crxier��r�;htw in thc Pr.�pcny. .
<br /> - - thee l.ender may dv and pay �
<br /> ' including payment of taxes.ha•r,ard inswunce and other iten�+n�emianrd in I:v�gr�ph Z. .
<br /> '�--- _. -- , - , -.- - .1ny atao�itets�lisbutsed t►y Lemier uncicr thiy P:uaFrnph sh:►11 bccomc an addition�i debt af gom�wcr:u�d bc cecund
<br /> ' � r� ,, by this 5ecurity Insuument. These amvunts sirall hr•u intcrese frum ihC�atc of disburtrmcm.at the tiidr ratc.anu�:+t tl:e
<br /> . opuan of Lender.shall be immediatcly due and p�yablc.
<br /> � � 7. Cunderooadoe. The pmceeets of ttn�acvarA c�r c��f t�r mvmya.�ia e.an p,a�r af c�mdemnatlun.r renhcrrhy ati�i�n d , ,
<br /> • • condemnatian or,dthcr ts�cing nf any part of Praprrt}.
<br />- „-;____-___-�_�__t__��._-_.'_. �}��jraid tn l.ender tv the exten�o€ihe full:un�unt�f thc indebtetlitess that nmains unp��id undcr thr Nutc:►nd thiv --�---J--.."__.
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<br /> k :' ! � Securiry Insuument. 1.endcr sh�ll appty,ucf�praceedv toth�raiactiunc�€;hc i�de�se���detthr N�te:�nc!ihls yecunt�
<br /> , Q C�f•�y appl�audn o�the�procneed�tu�h princ p���sfiall n�t xtend ar 4x�ne the�duc�i�te �fr thc n unthly , .
<br /> , . �. - - - -
<br /> � � � 'ipucr d���4 yaties,
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