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<br /> _ _` . : - . � �� . , �-- - - , - ,i ..�1=- 108255 �
<br /> . ` a. e�.�.�rr�.f,�.�+�cr.r�. ��:n.0��r,rn au�����.�a��,
<br /> `- �a�,e�,a�oeaeym�rra��a������Noc�. -
<br /> �. a t�r..u�s w��:�►.�..a..a a� e«�n�u����„�wr wr�a
<br /> �r w�th thc�pat and�uaat is sec fixth in t11e Nare�y ta�e ch�ges.an iasmlUneot oi any(a)taxts�ad .
<br /> . �eCW�kv�ed or to 6e kvied agsinst tbe ProQerty.lh)teasebold.payments or graud t�eats oe the QbpeAy,md. —
<br /> (c1 P�'�for ia�n'aecoYOquue�bY F�r�raph 4• � ' _�__--
<br /> F.ic6 a�adhTy i�llment far ioems(�).(b�and(c1 s�nli squai oee-iwelflh of tbe aeeuat arnounts.as�wnaWy __
<br /> - - - . ��ated bY Leader.Plas an ana�nnc sd�cienf W t�infsin�addiaaaat b�Ioaee of uot a�ore tha�one-sixtR d tlfe ��_-- ---.----.--
<br /> � e�imated amaelt� Tbe�fuU atuwat amamt Sor ea�lt item sball bc accumulated bY i�ender withitt�a petiod ending oae g==----
<br /> - p l o e t h b E f a e at item wadd btcqne d e l i n q u e n4 l�end�er-s6a116oid tbe unonets colkCtOd in tsast to pay itecas(a),(b)aod ��___
<br /> _ tc)tlefae they became delinqaau. �, �'-�^�— -
<br /> If u a►y ume tbe tds!of�he pi►ya�nts beW by l.eada fat i�ems(a).(b)and(c),togetlier vrith Me futuce moruhiy �.,, Y-- --
<br /> iems
<br /> . p�ymeats-for sach itans payabk m Lrndec prior to'd�e due dates af suc6 ixms,eaceeds by.mo�e tl�n aa-sixtt�d�e ��-_-__
<br /> - � to s�eh items wha�dne,arid if payments oa tbe Note�cuRen��ben Leader -_--
<br /> - �d�o f P�l���I��Y is ot c a d i t t ri e exces�aver ona s i s t h o f t 6 c�i m�t e a ��°'==�-_
<br />� - . - - shali eitirr cefw�d the exoess over of the est��apod P�Y� _ •• % v� -
<br /> ' Wyme�s to s�bs�at PaYmena bY Bormwer,at ibe nption of Botrower. If the total of�he RzymcMs made 6y Bormwei ���__
<br /> '` `: s - - fa item ta?,(b},or(c)is msufficient to pay the itan wbrn du�dsen Barmwer sdall pay w i.ender aay arnount necessary ta x � ���,. .-
<br /> E� �. . <
<br /> � . ` taalce up the deGcieacY on ur befoie tlfe date tlse item becomes due. nf Housin atpd Ur6aa Development or his a Uer y-?'�-� "� �
<br /> As nsod ia tt�is Secanty.h�nsmenl."Secnetary"means the Sec�etuY S . ,.�-
<br /> _ �."design� in smy year in which the l.ender mnst pay a raortgaSe insurana p�+emiwn to the Secc+etary,each moathtY PaYment f . _.�
<br /> k-• , s h a U a l s o i a c l u d e e i t h e r t i)a n i n s t a J l m e n t o f t h e a a n u a l m a r c g a�e i n s u r a n c e Premium to 6e p a id by Ltnder to the -
<br /> � .-1�- � .; ,i��,.
<br /> `: Secretary,or(ii)a manthly charge i»�ad of a martgage imvrance poemium+f thu Security iasdvment�s hefd by tLe
<br /> ��`. '� - Sectetary. Eacb manthly installrtKnt of the martgage inwrnxe p�emiam shatl4e in aa amount saf�icieat w aocumutate the :: 7'..
<br /> _ =S,:`. fvll aonual mottgage insur�nce premiwm aritA Lender one montb.pri�to tt�d�e t6e full annual martgage insuraace . : _
<br /> •�L� p�ertiium is due to the Saroetary:or if tLis SaemitY tnsavment is heTd b�r the:,Sc��tsuy:each monthly st�arge shall be ia an. }'t
<br /> ��%� . . amouet equal W ooe twetftb of oae-italf�ea:tut of the autstanding ptinctpal b���ue on the Note �; �r
<br /> u��'i"�s: If Bacivwer trnders to t�CvU t of.all sums.se�:�jf:tlz�_�riry Insuament�Horrower's account . �
<br /> �r.. PaY� e insurance
<br />- �,�j� � <' �shall be cied%ted wiW the balance�g for all instalUnenLs fuc'i�ps.{a)r f,6)and(c)and siny mortBaS � '; . _
<br /> -:,n �. ' � premium install�rx�st tir�'L�nder has not 6ecame obligated to pav u���g::,and L.etider shall pramPdY refund any • :
<br />.,:.: . . ,
<br />�" � � s�Ie�,����_�c i i u a c q u i s i t ian b y E.ender.Borrower's ,
<br />_ . �_: r_ -.,exces4 fundc w BottsT�e�.�.';nA�at�1Y Fnor to a fo�eciosute . , ., .; ......._ �
<br /> �° , � • ' � account's�a116e credis�d'i.�c any balance remainirt�fac���a�`.TVr'a'�*�s.�,"'�a).(b)aad(c>• ; ��_.
<br /> , �
<br /> :.
<br /> ` � ' ' � ` 3. App1itatioEaf fl',��aotents. At�CzaYn!enu tm�' ���d 2 shali'tie applied by Lender as foltows: , � • � :��
<br /> ;,, .«�;;:' �
<br /> ��w- - .�� Fjg�,to tHe ma�,��_uu,cr�u,oe�temcmn ta Le���::v Sect�eta*Y or to the monthly charge by the . +- . :, ,
<br /> ,
<br /> ,-�•-. . � ' . SecretaryinsteaREeL�emon�-ly `c�sgageins��'�i�:�� �
<br /> r�;.;; U. $ECOND.to a�:ra�.speciat asstssfients.t�,.�-�2d payments or growW c�ats.and fire.ftood and other h a z a r d ! , 5
<br /> �.. �.
<br /> - `'��,�" • (IISIlIa(ICC pIC1f1i[i22L�35ICQUITE(1; ' ' � . • • ��� �
<br /> ; "� � ��$p,to interesY dne under the Note; ' . .;_ . ;,: • . .� �
<br /> EQ��.to amortization of the principal of tAel'Vote; . . ;. �;'�""
<br /> - � � � FI!-'�i�to late charges due under�e Note. � �` '
<br /> _ ;�. � . � ' •� .; W�C2212f t10K I:. :^1,'"„�
<br /> 4.6"�e,�7ood and Othe�Haz�lasasanca Borrower sfi.�U:ui�atl isnprovements on the Property. �1 j.�
<br />' 'Y a •_ ' ` . . in existence or subsequentl erected.�against any hazards,caSUF[u��::�ca��encies, inctuding fire.for whicb l.ender --___- - �-_ '�_.
<br /> �_�-�
<br /> y �; . ..
<br /> _ ` �_r.�. , requires insurance: 'I�is insurance shall be maintained in the azr,�.�:�stforrin��eriads that Lxrrder cequi�s 8vrrawer ��'" �'`
<br /> '±t'�tT.� sha11 atso insure all improvemenu on the Property.whether now:>ie��:�cr•su�ise9uently erected.against to�s by tloods � �_
<br /> ,:� . •� �' to the extent mquined by the Secretary. All insurance shall be c�era���3'i:�aY a�ci�s approved by l.ender. '[Ye insurance
<br /> ` !"�:�� policies and any renewals s h a l l b c he t d b L en der an d s h a i l F n r P�,u�.�.t c�s-,�":�te clauses in favor of,and in a form
<br /> � 1 , >,, y , I �;;.:
<br /> _ .�. � �`;t;> :. accePtable to.Lender.. •• ' ._�.
<br /> .�. .� . . . In the event of loss.Borrower,, �i'i give Lender immed;a:e.^.�x by mail. L.ender raay m�t+e pruof of foss if not ,
<br /> - inade pcamptly by Barrower. Each ic:�,:rnnce company concemed'"ss�'e�eby au�9oriied and d����e�aymene for. � :�;A;
<br /> :"'�.�' `� ,such loss direcNy to Lender.instead of to Borrower and ta Lender joi�itly. A!1 cr aiv paA at tite ins�z�r��ra'•eeds may be {; .,
<br /> ^ T't��!)StTUtIleOt. , I`r:,�:
<br /> ' -+=r� � � . . applied by i.ender,at iu option.either(a)to the reduction of the iR3�btedness ar��:'�e Nate�d shis S�c:.• a. , . :_
<br /> . +'•' First to a� delinquent amoun�s apriied,in the order in Paragra�i:�.� and thecc r�,�reQaynient of principal.or(b)to the �� '.,`4,,: ,�,,x,
<br />� �`.,'�'i:.: restarau�sfs�r repair of the damaged prr�eny. My application of���:�roceeds to the pri�csF.;.t�saft not eatend or postpone �., ;;,
<br /> r,�,�:•' ;�+>r,4r`• • tI1C due da.e of the manthly payme�.•-:��cb ace refeaed to in Pa`:s.-�aph 2,or�%•a.^ge the asre;�nt of such payment�. Atey,�: fi •;:,�;,.�,,��
<br /> �.-�,i�•:r. �""''� �. � � excess insurance pro�s over an aiaount required to pay aU outstandmg�r,ct�c�:rness und"er the Note and this Secarity: i; :; , ;
<br /> lnstiument sdall be�:sdta;:he entity legsilty entitled thereto. �� �(."' �``
<br /> •'r:. : . , ..
<br /> .:;��� ,• ln the event of fcc+a:�osure of this Seeurit lnstrument or other tra.�sfcr uf�,_:e ta the PropeRy that ezttc�_sishes tR: . � ���.
<br /> +r ' '�'�+'•.� indebtedrtes�.all righ�:ti;7e and interest of Bormwer ia and to insurr,r:e palirit�:Y:orcc shall ass to the ur:.�+:user. s;:�' :�':�
<br /> � Preservation, , aintenance and Prat�crina��!the P+�n rtY: Borprovrer's 1.PoaQ : 1lcatia�o; :' ���•, �y ri� ." "` �.
<br /> �..��3 : �:';,::a.` S. Occupaacy. M Fe �PP : ,��-.,, �
<br /> ` � ``� `�'�� Leasehotds, Barrawer shall occu c�lablish.and u�e the Pn! L Bt;tTtsWC[y rinri a1 residence wit::in s�xt da-•s . �.�!•;r';:' ;�
<br /> .� , p3•,. P�'s a:� P P y � ; :?:=�..,1�. ,
<br /> •. . after the execution of this Security ir.:xr,iment and shall«mtinae���ccupy tt-.e�Prapeny a��orrawer's prir,ci�a!residence : ;; ,j�. ..`•. . •;
<br /> � _::, : for at tcast one year afterihe date of occupancy,untess the Secretary dctetr.tcr.�.di"r�requiremcnt will cause unr�c hardship;� �{� ,� .,_;
<br /> for Borrower, or aaless extenuating circurtistanceti rxitit which are beyard Hi;rr-�uer� contrat. Bonocser�ha11 notify.. �- _ ,
<br /> � Lenders af any extenuating circumstznces. Borrower shall not cc:i::it w�:i;:F�r.��titroy,damage nr Substar.:ialty change� � � �• •r•
<br /> _ th¢property or allow the Propeny co�,erioratc.reasonabte we,rJ,d•ceu eS:v:�z�.u. l.cndcr may mspect the Roperty if the.�
<br /> ' ' . propetty�s vacant ot abandoned or the toan is in default. L.endeT�rs,r:s:�r�::i••�sr.able action co pri�tect and presen�e such�� ;i
<br /> • vxunt or abandoned Piraperty. �orrow•er shall also be in default ii 6onoaer.�:,:ting the losn�pplication proce.rs,gave•� � '
<br /> :.�• . materially false or inaccurate information or �tatcment� to Lender (�r faiic� to providc Lcader with any matenal�� i;
<br /> infmmation)in connection with the loan evidenced li;the Note.including.Nu1 r.at limited tn.cepresentations cvnceming�� i
<br /> ` $orrower's occupancy af the RopeAy ay a principat n:sidence. li thi.5ecurity Instrument is nn a lrasehuld.Borrower shallii ; ,
<br /> - comply with the prov�ssans of the Iease. if Borroa•cr acyuirr+fee tiilc to the Propr:rty.the t�a�ehold and fce tittc sMall nut:i ��
<br /> ' be mcrged unte�Y 4ender agrec�ta thc merger in writing. � � �'`
<br /> `:�_':'' 6, CM�rgea ta&irrower and Prntecdan ot I.ender'!►Rti;h��in the 1'tnpert�. gonuw,x,hall pay ali gocemmcntaf�I ' � ,� ,
<br /> or municipa)charges.fines and imp��itium�hat arr not inctuded in Paragraph�. Borra«cr�h:�11 p•ry ihe.e obl�ga[icros�>a��
<br /> • lime directly to the entity which i�o�ved thc payment. If fhilute ta pay«uutd advencly affect l.ender: intcre�t in�h:,.
<br /> ' prnperry,upon L.ender+reyucst Bunowcr.hall prumptly tumitih to Lendcr recript.evidcncing the.c pa}ment�. ',
<br /> If Bortower fails to makc the�e paymcntc c�rthc pa}mcnts reyuired by i*aragruph 2.os fail.t��p�;ri�mn any utha:�� i, .
<br /> - -- - �- � covenants an�f agrcement�cnmained in this 5ccurity In�trumcnt.ur thcrc iti a Icgal pnxcufin�th:it m;►��i�nific:u�tl��affect i @�
<br /> ' i.ender's right+ in the I'ropeny(.uch a��pruceeding in banl�rvptcy.for cnn�iemnativo t�r tv rniorce 1:►�Lb Of ICf.'LLIdIlOi1S)�7.
<br /> -- - � - - then l.cndcr awy do and pay whateccr is uccr�sar}ta pn�te.t the v:iluc uf th�f'1�+pcn��and Lendrr ti rightY ur�he Pr��prtsy�:: _:
<br /> ' including�aymcnt of taxeti.N;uard insur;uue:utd other itcm�m«i�i��ncJ in Paragr.iph Z.
<br /> -- - -- Any amounis di.rbnned by Lc�tdcr undcr th�.{��ra�raph shall becatnc un:uWitio►u�l det+t c,f Harruucr:uid be..�curt�' -
<br /> -- -"-- by this 5ecurity Inswmcnt. Thesc:unnuri�y.h�ili bear interest fmm thc d�te ttt d�sburcemenr�at thc N�nc r.�te.:ui�i ut�h:�, „
<br /> ' �ption of Lendet sha11 be immediatcly due:+nd p�ayahle.
<br /> • . 7. Coedemeatiort. 7'he pnweed;of any a�yard ar cl�irn fut dmnage.,dircrt c�:wnscyuenti:il.in sunnectiun�r•iih�t}';�
<br /> rondemnation rn other t:deing uP:u�y part nf the l�perty.ut f��r cnnvey�nce in place uf cundcnmatiun,;ue hereby a�.�ignc�f++
<br /> � und sh:►11 be paid ta Lender tu the cxtem af.the fu11 amonn!of thc indebtrdne��th:it remains unp.►id undcr th�Nute:utci thiti�.
<br /> -----...._--. -�: ,
<br /> _____: : :
<br /> Secutitp[nsttumeni. Lender stiatt appty{ucft proceedc to the rrdu�ticm oF tfir i�i�Ert.tr�le�..;t�dc;the�tic�t¢asd:hiti S�:urit��.-- -. -- _.... �._...--
<br /> lnstiumcN.first.to any delinyuent amounts applied in the urder prnvided in i�.►ragraph 3. :u�J then t��pre(�ay�nent af
<br /> ' principal. Any application of the pnxccd`w thr prinripal shali nrn cztrrtd��r pu.tp�ruc tha dur dstc of thc montMy
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<br /> _ _ _ ; ' ��re:uf�Om�cs+ - _ �` -
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