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<br /> :ti 1. Pl���e�e aE PH�c�Id►:irke+est�Ltte� Ba�e�r,�l1 PaY wMen due the p�iocip�l of.�ad ieoeiest ao. ,
<br /> � tLe deEt evidenccd 65►1�1�a Nac su�t hue ch�rgesdae u�sdatl�Nase,: � - - -
<br /> b MaNYJ PRX1�e�t+af'h�a.I�oea�d OtlKe. � Barower st�il.include in each manddyr P�Y�
<br /> toget�ea witk tba p�taipnl ond inu�t av set foM in the Nate�anc���t�f�ta cbuges.a�n instalbnet�t oE any(s?mas�nd
<br /> � apoci�i assessme�ue kvied a ta.6e levied agwrst ti��r�pe:ti�t(b�.�d�.'��P�Y�ar g�ound trMa an the Ptopetry:�ad - . -
<br /> (c)Preiaiwns for i�su�ance roqviiad bY Fangraph 4• .
<br /> -_ Facb manthly�instaltmem far iteats(a).(b)aad•tc?�s4�ll;oqad;a�'-tw�lffb ot ti�e u�nuat amau►ta..aa re�bfy: -
<br /> - - --_�- : ,�ed by:�der�ta&m�ma�ni st��ta,aaint�in:an�addidcpa��al�oce of not mar�.tbt�n oae-sixtb o�f t�e _
<br /> -.-�- , �apwunta...77�a.fu11 aaava}amouin fas each.ium,sta�lib�aa��snWatod by I�ender wi�in a petiad ta�ng ona
<br /> � eioruh befae an itcat;woutd become delinqaent.. Lerider shall hald�thA�ts coikcted in a¢st w pay iteraa tat�(b?t�nd:
<br /> . T fc)Aefooe they becoma dal'inquen� :
<br /> ,,�_, I .A I�at�n}r tude tha.wat of the p�►Y���ts 1xtd.b,►.i.enaea,ca��ic�ta�ro�aaa c�>t�8�with the fuwne modn�y r
<br /> V ots foc such�ateoas�nnFahlc.tu.ltadet pna to�ti�d�ae dat�.qtisuch items.e�cce�ds by ma�d�an•oaa�sixtt►`tha.
<br />- ' 4` �e�amaunt.o#pp�aacntsmiuu�3r -taPaY,"srsdiiums�vu�iea-�- cta��if�q�uoatrieNatea�ciatrn��{beai.eads�.- - ------- _ -
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<br /> - -�' shafl eitber mfuad.lha eace�e over one-s�xtb af tLc estunatod pzY�r.�it�or ccedit tbc eaces3 over ono-sixth of fbls esti�ted i
<br /> ' - ' �= ta subseqyo�t:p�ymentst by Boaow�r�at the optiaA.of��WU� if tbe total of tfie p�YmFnts made b�Boczower:
<br /> �, �, or item(a�tb�,or�(c1 i�m�uf�icient m pay t6e itan whrn dc�e,th�.s8amwec s8ai!pay to I,ender any�r•nacessary to� —
<br /> make up the defici�aay on.a•bef�e dK date tt�e icem beoanw�dt�i�: ` -
<br /> `:�_: ^ of Hwuing and Urban Oevelapmalt hiqor her�
<br /> As us�ed-�n thiaSecuntSrlesuv�aen� Saenetary:me�ns ttkt Se��y -----
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<br /> ` . - - dcsig�. In.any yCu'ia.wbic6 the lx�der musc paY,a mo�isisuranoe p�e�mium to the SantuY.each mo��d�WYment�' �.-
<br /> .' sh�ll atsa inciude eitttar.. Ca an.instailment�of.the aniaualimSmSaBe��P�um to 6e paid bY Lcndcr to Elie< �__._----
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<br /> � _ Soc�eqty,or..(ri)amonthly.churge instead'ofsa mmtgag�+ins�tance P�emium if this Secuaty Iruwrt�ent is deld by i�e ��=:_
<br /> - Socae�u�t. Each m�thly�tstallment af the ins�tmESa:��remium sliall be in an amauat sufftcie�u to accumW�c tjtp. .�::- -
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<br /> „ ,;'. ,�nual,m Btsurat►a p�emiam wn�an9 lna�tib=pnar w,tf�e date tbe fnll aanuat mo�tpge
<br /> �` �4 t�i��fi��d•b ihe Seaet�y.exh monthty cha�si�ag� ���y
<br /> 7>;; : • p[emirust:isdue trnt$e.Se�retat�r at�this Secea"m`�'r� 1� �{�,,,,� . . . . . - --
<br /> •l�i�, `' �OIIDC:�tO�QCv."�Et:���i(1�Oli�.�a�.i , ,�'.�Si�(�LO`�Sf�.��'�+�^�'�C�I�'�0[C. BOIR/WCf'S , � � `—
<br /> - ` ���O..R�,OtWC�.. ��,,,"i�t�,!-_"fi YC��if,'a-ji ��y"�'.d�2�[�5 9O.C4��,���F, -��1I1G11�, a`--
<br /> � °�t' r . St{851��1C�:aGU1tCl�prvx�t��aC3Ce Q�'"Ri-�-4�ffi 2�,}_'TQ�fOf 1L21fi5�(s�.t�+�3�+�ZE.�3'a'�aDy.�QfC�3$t''7�'�"t ' g yYr
<br /> � �'+� ,4����c'•s � . �p�,�Umenta'�at i�eader�as�at 6�a����P Fay to the Sea�:sq,aa,���ecsliaft��y rcfund a�i� ,���e�xr -
<br /> !!, r��?�`,�'s;;� f{},F� ex,�ee,s$^fixnds taBacra�re� tm�ediate1y prioirm�far�c2astc�sale of the Propestp ar its uqu?sition 6g f�+a�r,Botrowec� ,�, � _
<br /> . rr. �.-• , - a �nd c). ��r.. .x :
<br /> ,f°r:• ��,:,',����'. . •accoant.shaNtiacied"ned"wi�h`anybatancer�n�sm�faraff�.tAtathnentsfo�c�esns4 3,tEs) 4 . ,:. -- . - ,t,�;,,,,
<br /> t ' ,Y' , �°��'� ' ' �,.A�l�fioatoFA�ryments.Atl paym�i�a��er P.�usnphs i and 2 shaIi 6e applied 6y Lender ac f,�Itaws: `' •: , • r<<:
<br /> { ° ,., . �.� . �td the maitgege msurance ptemsum to be paid�yti:ender to the Secretary ot to the monthly dnarge by the. `. � . �':i. 3 -
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<br /> �,• .° .': 'i, �'. .:.;,. ,; � , Se�erary instra�of the manthly mactgage insuranee�am: - . � .
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<br /> _ -. , �.ta any faaes.sPccial asscssmenu,ltaseT�akt�p�,ptimenu or groQnd reats.and firt.flood and�r hazaed' � .. . - � -
<br />: ` insucancepM1�atiums.a9m9uired: ` '
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<br /> -�::;.:• .� ;,. � �j$p,t�tintacest duo uaderthe Nate:. �
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<br /> •�i ��,to amatdzation af thc princip�l of the h'ot�. .. ,, 'L`
<br /> " . - �,w Iata cbsugas duv uoder the Ncrte. ' �' `
<br /> �f �" . ;� 4. F't r e,b l t 1 o�{_w a d_[k l e�H�a n r d i n w rn n t� B c�a m�4 T�h a l i i n s n r e a l l i m pri�vemcntw on the Pt a p e rt y.whethcr naw �° ' .
<br /> � in,c�istenoe on tiube�equontly erected.again�t any.haracd+.,cacuattie..�nd contingencies.inctuding Gn.fov w h�c h i.r n d e r F •• � •
<br /> �� � , - cequiro�iqsaru�ee. '['hfs inhuamee hhall ha maintaim;d io.th!amuuntr•anA far the peric+dr thae l.endet requires. Bacrower : • .
<br /> •� � ":�� . .. sball�ulso insutv ull�improvementx on the Pr�rty.Nh:�t�=s.n�w in cxi�tcacc ur�ut►rcyucntly crc�Ked,agamst tocc by ftaods � �-, �
<br /> - • ' ta tha cxt�nt rcquimd hy tho Srrn:tary. All in�ur,u�r,e sh�.�1;E+e cartied+�ifb cutnpanie�appmvcd hy Lcndcr. The insumncc . � T < <
<br /> •;,` .. pptieias and ar►y tanewui+� �t�alt bc hetd hy,Lcaxtcr•arxl�+t9a11 indude Iv«payablc clau�cti in favor of, and in a Form -,, ..
<br /> -� . ncaptnbletn.l.cndc� . �
<br /> `�i' tn.tho eveiit af 1us+.Borrower tihull�gi�•e l.enct��s�irnm:,liate nuticc by m•ril. Lcndcr may makc praof a f loss i f not _
<br /> � .°'� . muda p�omptly by Bocrower.• Fach i��urAnce company can:�rned is hereby authurii.ed and directed to maice p�yment for ; - _
<br /> -:�,..•`' '���:•, such loss ditectty to Lxncte�instead af ta Hc�rrower and iu S:eri�er joimly. All o�any paA.of the insurance prsrceeds may be ; , �
<br /> ' �' "' applied by l.eader,at iu+option.either(a)ta tt►e reduc�liura of tl�indehtednes�under the Nate and this Secunty Intitrument. �
<br /> -�.•: ' fimt ta any dolinquvnt amounts apptied in�thz orde�r in•i'amg*.uph 3.and then ta prepayment ai prineipal.or(b1 to the
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<br /> - - riastorntion or repa�r of tha dumu�ed property. Any appliptica�i.ihe pracecds to the pnnapal tihal!not extend or postpone � •:,�.
<br /> � �J��. � the dua date of the manthly payments whuh are ref�tn in,Paragraph 2.or change the amount�f such ppyments. Any ! ;._
<br /> �:^r �. � excess insurance procceds over an amaunb�requ'srcd tu p��:ntf iauts�and�ng indcbtedneys under tha Note and this Secariry i . . _,—
<br /> -� ' '�"� ��� Insuument shull be puid ta the entity legally ensiAed et�ceta:•. : -'��
<br /> � ..:� .,r-<<.;;,,� . . •
<br /> •f.�.- tn tha event of foceclowre of ihiti Security lnstru.rn:ns�ntr,other tmn�fer oi tiQe to the Praperty ih�t extinguishes the , '�z
<br /> '��` .;'�'��,��� indebtednes.g.all ti hb titld and intefe�+t of�ulraa•er in an�id'n`urance policies in force shall{cass co tfie purchaser. E . •� '=�-��
<br /> .�„ �; -
<br /> .,��p' , ,� •" S. Urcnpae$cy, Preservation. Mainta�oce.and+Ptutbctian ot�he Piroperty: Borsawer's Loan Appliptioo: ; • , . .
<br /> .�;;�.,,• .
<br />. . ::;t • . ;..: 1.easehofda Botrawer shall occupy.estah;�sPo,ar•�l u.ce.itai Ptopetty as 8arroµ•er.principal re.r•idence within sixty dssy� � .. •,�,�..•;:.i�
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<br /> _ '. ��,�f;?. . , aftcr tlte execution of thi�Seeurity tnstru:�as and al�t1`�nriau�to accupy the i'roperty ati aon'awer's principal ces�dence , ,
<br /> . ��;;.,;�,,;.. , for at least ono year nfter the dute of occu�n:ti�:.v�".�.+th:�5e�-ut�ry determinev this reyuuement will caase undue hardship
<br />" � i far Borrower.or unloss extenoatin; citc�-n,~te.r,ees exigu uh"s,l�are beyond Bnanwer�camrol. Borcawer yh�ll notify � ,
<br /> � . . l.enders of any eatanuating cirean�stancey: Hcsrmwes,�F�31�n_n�commit wa�te or destrc�y,damage or s�abstantially chttnge ,
<br /> ' , � , . the Property or ollaw thn Property to deterinr�t,.*:reay����ai;ar and tear excepted. Lender may�n�pect the PropeAy if the �
<br /> ' , ptop¢rty�s v�cgnt or abundoncd or the laari is in defa�elt: l:ender m.+y tako rcawnable actiun to praiect and preserve 4uch
<br /> vacant or abnnddne�l RopCrty. Borraw¢�shall�ul.wa ti� ie'i�defuuN if Borrnwer,during the lo:rn application pmcess,gave
<br /> materially fuhe or inAUUtate infarmatian�oc�.rtate�nr.r.►rtv I.cnder (ar iailcd to pruvide L.ender with any mutenal '
<br /> informatian)in connectidn with the laan evidanced hy,:�fi�:�Rt►te.including,bul n��t limited tu.representatians concemin� �
<br /> Borrower3 oceuyuncy of the Property ay�psincd�uE r�c.i�:rr:c. If�hi�5ecunly In�trumeni i.«n�Icasch��ld.Borrowcr sh:�ll •
<br /> � eamply with tha provisiuns of the Ie:sse. If�8cn'r��rrE�c�ae.�uires fee eltle to Ihc f'a+peny.�he teayeh��id und fee�i11c�hall nut ;
<br /> be merged unlcri�Lendcr a�;recs to Ih�mea�;o�iri��itir,�r: �
<br /> 6. Ch�es to ibnuwer and Yroirctib�a►t�l;neder'v Rightw in the Pruperly. Burro�ver�fisdl pay all g�wemmeatal
<br /> or municlpul chWgrs.finct and imposit}anv tt,�t�ars�nnt inrludcd in i"ira�gn�ph i. Hurcc�acr�hall puy�hr,c uhligatiuns i�n
<br /> dme dirccily ta thC entity whicb iw owuiafu:�pctyirn:nt. If failurc tn pay wciuld:+dvcruty vffrct Lrndcr�intcrc�t in O�r .
<br /> Prnperty,upon l.endei�rcyuest Hnrrav�eti•�iti�1Dj,���+mqtly fumi�h tu I.ender rccciptc evidencing thc�e paymcnl4.
<br /> If Bumnwer fsiits to make t}x:sc payxnetL�'un�thc,p�ayment�ceyuin�d by wata�r�ph�.ar failti ta Pcrfnrm any��thet ; ,
<br /> ��r��nts and bgn:ements containe�inth�:;�Seeu�it�•,Instruinen4 nr thetu i�a lrgs+l puxceding thui mvy signifc.�nily affixt ;
<br /> l.enderR rights in the ptaperty.tsuchav�a;,ra.�r.�:dit2�in b:+nkruytcy.fur condemnatiun ur tu rnfiirce laws nr rcgulvti��m). E
<br /> ' then Lender may do s�nd Qay wtv�tevcr i��nece�.sory,to prntcct thr vuluc af the prnpcny und Lrndcr�ri�6is in thc Ptnperty. ,
<br /> � � �:'�; inclading p�yment of taxes,hazat3 tc:+uszrtce ssnd��thcr itei�u mcnti�mcd in Paiugraph 2. i
<br /> - � ,;�'�,n�:';,.�. l�,ny amnunt�disbursed by i::ttdeM undCr this P.ira�raph shall bccome;+n add�itnn�l dcbt c�i F3c�rtou•er and 6e u�.wtet!
<br /> - ----_::.�:��.:.._. �:•s1�is5eeuriry tnstrumen�. �se•a�r.�uatwchallbe�r mten;st frasn tf�€cisstn otdisbunemrm,at ehe tic�?c ra?e.and�c�he �
<br /> �. _,.. --. �.,,, . -- �--� . �. . : .
<br /> :", �' ' . f e��n bf Lend�r��11 be icr•.�ced�tety due�.d payub�e.
<br /> ., . :r.� . F ?. Con�n�t: '�'fie�c�::edr uf an}•a•�ard ar ctaim for da��dsatit ar conseyuemiai.�.���14dg+�:��anY. . ,
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<br /> , � ' � •• , • ��fnation orot'ive�'�aking�at';u►':qatt o:zYa:l�operty.or.f�aant e�����+.'�ptace of�a�9emcri�im�,��a:�c�*;ra���e'd , , `� ,
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<br /> � . R;�'�,;� •, at�ic sraall be paid to LenQe�ta t�.e.�.a.n�of ti�:e fai7 a�.ounr a�c�;e:e:4:�+:e�s°ss that rer�e�_����+aic�eZ�:�i'�e^�c�:e:c�r..�s� , , .
<br /> �... __ - f;°r��._ .. _ . ���ty��UUa�n1r Lendet s�i��tly.sue��s�`ss t��.���citno c�f the indehtec''�.��s:�cier t'r.�!t'o���Sid C.cs�:�:ty _ _.----- - - �
<br /> -_.:;�-.�-_ -
<br /> Inswment.first to�ny delinquent�amount� a�pired in ttie ocder provi�iecf in P:u�gr.iph 3.�ind ci'ze"�c•�prcpayrrtebi of � , , . """'r: ,
<br /> � • � princfpal. Any dpplicntlon of the procced9 i�t°the pdnripal shu11 not eztend ur pcsstprmr thc�i�c;.��nF the monthly .- + • :••
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