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<br /> —� :; ..:.. _ _ . -. .:.�,•" " _._..__ _._._— - - --
<br /> �•�r',l�_;��_.�..r� � - � � �- � . . . _ . • • __ "_ � � . , _
<br /> - - � ` � � . � � : � , - � . �I-- 1U8448 . . ;.
<br /> — � �. r�.�.rrt�.t��•a t.�a c���wx,�o���!c;���a;�uon: � ��
<br /> � �.aax�a�a��r��na ru��a�� .
<br /> - L 1�WJ NJ��d?��Iaww�ce a�d Otfer Crar�. Bo4owa s�iall iacI�of�)� .
<br /> oo�a widi the.pciucip�al aod mte�ssc as set fanh in the.Nate and am►t�te chuges.or teots ort We Ptoperty.aod ---
<br /> . specu!ase.s�eats k v i e d ar m b e k v i e d a g,�s t d�e P t o p e rt y.(b)i p s e h o W P a y m e n t� 8ra�d
<br /> ___ (c)Prem�.s�foru�suraocenq�bY�`k - _
<br /> -'— g���y�for iwru ta�(b)and(e)slr�ll eqwl one-twelflh af�annua!artwunts as reZSaaaMY =-- —
<br /> �ien�ed by Lender,Pins•an amount su€�cient ta�aaadditiana!6alance of not mae than ane-si�b.of�t h e. _ -- --
<br /> � - _ ., e�ed amo�m. Thr faI!aanu�t amonnt for radl itan sl�lt Ee accumulatod by Lender witUu�a period end�g unc -
<br /> - --= malth 6efarc an i�an v►rauld b����- Leader sMll hnld tbe amo�uus colleRtQ m trust to pay items(a}.(b)and , �,-,.,___ -__
<br /> � - � (c)befae they became del'mqtFen� ���-•�;
<br /> ��. If�my tm�e tbe ta[a1 of the WYmats 6etd byr Lender for iums(aj.(b)and fc}�tagetMr witb tt�e futare ma�th�y �-��y��"-_
<br /> to Lender pnor to thr due daus of suci►items.,eacceds byr mo�thaa one-siutb the , .�. S{���;__-"
<br /> , payn�qts,for such items.piyabk . to suctt iums when due.un3 if payrnents m t1�c Nooe atie curre�t�then l.ender ,.���r�_,�-�-.-_-�_---
<br />� _. �amo�mt of I�Y�4��N�. P+Y ats ar ciedu the exoess ova a�-sistb of the estimacea °; • - `-
<br /> sfuiri eubti reft�d dre ercass uva one-su�6 of t1r.esa,�ed PaYme . "�: t --'��',k�
<br /> -�� P s Y����P i Y�p�s b y Bo�pwer at t6e opdan of Bomawu. Tf dne total of the paymepts made bY Bonowec `€:.:��
<br /> ' fa.item(s)N).ar(c)is i�rl�'ic�ent w�ay t6e ium whea duc.then Bonower sfiall pay ta Lender any a�mount neccssarY w '��t.'��-'�:
<br /> �• �:� :
<br /> _ maip�_op t6e deficiency on a befae tl�date tl�e item 6�ar�es due.' = �r`_•°i=�_-�_`� =,.
<br /> cie
<br /> As used in this$eauiry Instrummt."Se�tatY°mans the Sec[etuy of Naising aad Uruan Develvpmeat or his ar trer ���
<br /> _,;:�:�.1.�
<br /> � ta aa ie v r l u c t�i L e I.a i d e r mus tpay a�e�P�iurn to the Secretary,eacb mantbl9 PaYm�nt t"�"`=°'�-�
<br /> . - dcsi8�ree. Y Y�i _�a:�-�`
<br /> �,„ }. •inctade eid�er. fi) aa instalJmeac of the amual mo�t$age insurance pmnium to 6e paid by ixnder to the . _ . ��_-
<br /> shal
<br /> . �
<br /> . f. - .
<br /> td b the
<br /> . In'swtnc�nt
<br /> is he -
<br /> � `um if this Y �,
<br /> ;;::{:� ,�`,., Sec�etaryr,.oF 4iil a inonthly eharge instead of a mortga�e in�urance premi Securiry . =—-
<br /> ,� _ 5xmaey.�.E�ch mondily installment of 1be mortgage insuranc�p�miu�. shaU 6e in.�amo�:t suffciert w accumutate the , ,
<br /> ��.�e ip�az�cx premium with Le�der ane mond�prior co ii�e date the fait:�ua1 matgage insurance .. �. --
<br /> , pcemiwn is due to tbe Secretary:or if[his�SecaQity Iaswnxnt is held by the Seaeta�Y e���h►chaz8e shaU ba in an •`�`:'�
<br /> .� ,,.:•:.�
<br /> amo�t eqoal to ano-twetfth of one-h�If perornt of the oautanding Prinripal ba1anocdu+e an tl�ei�ote.- ;::%�;:4;`;.w�4
<br /> � . - z .' lf Boaower teadas w l.ender.thc full payment of all sums sec�red by this Se�'urity tnst�nt,Boirowers account `�`��:y�=<� ... :T,,.
<br /> �. . .:F�Y� .
<br /> 3 ' � � shall be ciedited witb the 6alance re�uaining for all insta11ments far ite�ns(a).(b)and(c)au�any mortgage�i�urance . .`.., � .-.=�4,w;'
<br /> re u inin
<br /> �'r-'�.'',---.,�,,'`.:�`:`�. � premiiun instalUment that Ler�der has c�a�l�ecame abligated to pay to the Secretary.and L.endeE�ail P�P�Y • ;:�_`--
<br /> , ,�. , ; ,`,
<br /> e�ss funds to Bomnwer. immedsatet3,viar to a foneclosure sale of the Ptope►ty or its acqoisition by Lender.Bo�wer's. ' `';;:�:^
<br /> � �� ��� ' � ' accam�t shall be cndited with any ba[aiia r�maining for ali instalimea�for items(a).lb?and(e)• . _ _ .. -�
<br /> ':�= . - 3. Application ot Pslmeats. All payments unde�ParagraPhs 1 artd 2 shall be app}ietl by I.ender as follows: . . '.:t ,�
<br /> .�" • . . �,$T.to tfie mo�tgage msura�cc p�em�um to b��aid by Lender to the Secretary or to the monthly c6arge by the ; �
<br /> ''°''' � . : � , Secretary instead of the mnmhty�tgage insurance premt�rm: . :�`'.'`;'`
<br /> . . ;:•..,�..j
<br /> .;�:':_,' . ; �ECOND.to any taaes,specia�as�:.."�smetus.leasehold paymenu or ground reats.and fire.t�aod and other hazaid , y ,S-�.
<br /> ;� , finsarancepremium�asrequise�;'.. ' � .` � ,.
<br /> ��.�
<br /> ' ,: �Q.to intecest dne�ende�the Note: ' • .,��-
<br /> "}�. IFOL Ri7�,to amort�-�on of the principal of the Note; � . t'`'`� _
<br /> � �.to late ch�due under the Note. : .`::i':1�_ j�.
<br /> " x�
<br /> � =' -- 0. Firr,Ftood and Otl�er 8azud la4urancG Bnrrower shatl insum ali imF:cvements on the Property,r tse�er nuu�. - '• .;• : ,� :
<br /> � ��=� � ,"� � in eaistence or subsequentiy erected.against any hazards,casualties.and conangencies.inc[uding fue,for which Lendet ;.: :'.-
<br /> _ - _ � _ . - �ui�s insur8[c+e: This insurance shalt be maisttamec!irt tlie amounts and f��the periods that Ixader_reqirites, Hotrower - -_- � 3'
<br /> • shall atso insute all improvemenu on the Property,whether now in existence or subsequcntly erec►.ed.against Tos�by flaods , ;_
<br /> � � � to the e�ctent required by the Secretary. AU insurance s h a l t t+e earrie d wi t h com panie�appraved i ry ixnder. '[i�insurance
<br /> ' � � _ policir.s and.any tenewats shall 6e beld by.Lender and shall inctude Ioss payable clauses in favor of.and in a form , �'
<br /> � , . acceptabte Lo.l.ender. ` `
<br /> ,u..�- Ih the-�vem of tosx, Bottawer r+hall give Lender immediate notiee by mail. Lender may make proof of loss if not E� � _
<br /> ;�:-.„ ~ made pro,r,�ozly by Barrawer. Each iruurance company concemed iz hecehy authoriud and directed to malce payment for . E � ;:
<br /> �* such tass dircctly to Ler.de�:instead of ta Borrower and ta i.endcr jointly. Ali or any part of the insurance proceeds may be � . °.f�,
<br /> � ':::,;:,. .' : a lied by l..ender,at.�e�rion.either la)to the redactian of ihc indebtednecc under the Nate and this Security lnstrumenl, f . ;.
<br /> , :'�.t.�•�. • � irst,to any delingue�st a^canrsnts applied in the order in �aragraph 3.and then rn prepayment of principal, ar(b)to the i .
<br /> � restoration or repair cf:�:�amaged property Any application of ihe proceeds tn t2'�e princtpai shall not extend or postpone ;
<br /> � ••.� ' � •.. the dne date of the mon:52y paymer,t���t.ch are referrc�l to in Warag�aph 2.or cti.;�_ae the amount of sucb payrtents. Any � , ,
<br /> •,��. • �y . ';:,�.,
<br /> ' ..,;., , , i:.:.,`�• excesv inswranca praceeds over an zr?cw'�rcquired to pay all uutstanding inw�c�ncs�under the Note and this Securi ,,, ,,,:
<br /> :Re,��;•. . •. • ]nsmtment shall be pa:3 to the emity 1ega31y entitled thc�eto. ''e;�'r+;. ',.
<br /> �'��-'�� ; 1n the event o�fnr�losure of thi�5ecurity tr.�tsa.'^ent or other tranyfcr��(cii.e ta the Pr�peny ihat eztinguishes the • !
<br /> ;;;;;4;� ; , '.indebtedness.all dghc,t;*�e and inreretit oi Borroaer ir�.�d to inrurance policie�irt force sh�ll patis to ihe putehases. 4 - .
<br /> ' ,.i;�� ' , s, pccepancy, Preservation, tilaintenance a�� Pratection ol the PropeHy: Borrower's l,oan Applicadan: •
<br /> � � Leasehotd_�. 8ortawer shafl occupy.establish,and use ihe Yroprr_y ay Hoaawer�pnnci�ral r�sidence within sirty days ; ,
<br /> � ' � after the e�:ea:ution of this Security Instrument and shaU continue t�:c�ccupy the Prapertx as BornrHCrti principal restdence �
<br /> su
<br /> � for at teaVt one year after the date af accupancy.unictic the Secret::ry determ�rtes ihiy rcyu�ren�u wip cau�e unduc hazd�hip
<br /> ;i;����� � � tor Botrower. or unless extcnusting circumstanccs rxist which are beyond Banower� contral.. Aotro�rer�hult notify �.
<br /> ?;�°�� L.enders of any eatenuziing circumstunce�.. Borrower�hall not c�rmmit�ca�te r.r desvuy.damage or�ub.rtantialty chunge
<br /> the Property or allow the Property to detcrioratc,reawnablc w•ear and tcar exrcpred. l.cndcr may m�pe�t the Property if thc ,
<br /> • � • Property is vacant ar a+sandoned or the loan is in default. Lender may taicc rcationable.�ctian to pmtect and preserve such �' .
<br /> � • vacant or abaadoned Propeny. Borrnwcr�hatl .d,��he in default if gorrower,during the Ioan application pracess,gavc
<br /> � ` materially,falsu or inz�curatc iafmmation e,r sl�tcmentti to L�.�ndcr lar failed eo prnvide Lcndcr with any matenal �• .
<br /> informaUnn)ia cannrctie,��with the luan evi�tenced by �he Nutc.,ci:ludin�:.but not limited to.repre.entations conceming
<br /> �`�'• �arcowct's occup�,u�cg af�h:Properiy a+a principa!residcncc. If chi.Sccurity imtr��ment i.on a lcaschold.Borruwcr+hall .
<br /> � r� comply with�L�e provivar::�f�he tease. if Borra�ticr acKuin�fee tittC to thc!'raperty.ihr lcasrhol+!anJ f�title rba!!not .
<br /> �:':, be mergeQuit'4ss t,e�Ce�zarccstathe mergcr in writing.
<br /> 6. �A�sQO Sarrowe�t�nd�atectiun ut l.ende�'a Ri�hi�in the Property: B��rn�acr.hall p�y all ga�emmcntal
<br /> � � 1�� ' or municip�t cttsrgcs.��es and impct�itionr that arr n�t included in P:;r.�graph 2. 8uno►tirr.hslt pay these abligati��n�en : •
<br /> ;i':p ,, ',. •
<br /> :,,.., .:,'.•r�. time ditecdy to the eciits_r which is au•ed ihe paymcnt. lf taitun:;�.+p�iy µ•��uld ad��c��cly atfrct L�nd�r� interetit in the �
<br /> ,;�;,{; � , Property.upon Lcrtders t�y?c�t Bott��wer tihall prumpdy fumi.h to Lcnder recript��:idrncing.thcsc p:�ymcnt�. �
<br /> ;•!� • If gorrower fails to rr.�akc th�+e paymcnt��►r �hc p�ymrm4 rci{uitcd hy p,�rsbra,�h�.nr feils t�+perfunn any othcr �
<br /> � - - `;,„A.. co�eaants and:�recmrnrs et.�nt�ine�l in th��S�YUrity In�lrwnent.iv th�:rc��a te��a!(�:4�c.��tin�that may signiiicantly affect _
<br /> ':..ti'" Lettder's•rights in the Prciyerty tsuch s��.t pr�n��eding in b�nkruptc>.fuc cuademnatinn ar t�enfurce lawr�+r regulaunnvl. , . ,
<br /> ' -- .-� - then Lender may da:+nd pay whatcvcr ir ncce��ary to}+rut�ct th:valuc of t}ir F'rupir�y:utJ lxnder+right4 in thc{'rupcsty.
<br /> including payment�f t:ixcs.haz:+rd imurancc:utJ��thcr itcm�mcntiimc►i in Psra;raph:.
<br /> ' Any amounts disbursed by-Lender undcr th��P.ua�.�h�hal)hecome an:n3di�iunal debt of guno��er and�:secured
<br /> __-_ - _°— — by U`u:�"'�;i's��ssis`�s;�ssl. "F!�.�sr.s��•m�•hali h.��r irttrre�t ftatn ihe�te uf�isbUlsentent.:tt the NofC rale.:uld at lhe _- —-_-_ -
<br /> ' ' • option af l.encler,shatl5e immediately duc and payable. • '
<br /> � . 7. Coademn�ttun. '1'tce pnxced�vf sny�ward ot elaim fot�amagr�.direct dr eua.eyuenti:,l.in runncttion w ith uny
<br /> . • • ' rondemnation or ather taking of any part of the T'r�perty,ar for wnveydnre in placc of cosdemnatiun.arc hcrcby a�si�ned
<br /> • . and shill he paid ta lxnder tc�the eztent o!the fult amuunt of the indebte�iness that rcmainti unp:ud undcr thr 4nte;u�d thi�
<br /> � � ,
<br /> _- -.__- -•_:�.�_
<br /> Securiry fnsttumertt:i..ender sfiaii appiysucfr pnnYrd.tv t1�r�itucti�rn i�f tf�c indet+trctnc4c u:ufes!!se Ns�sr uite!dt':�5ecurity .-- --..-- ---. -.._....
<br /> � . • Inswment,frst to any delinyueet :►mounts �ppl�ed in the order provided in P.uagraph ;. :md then ti�prrp�ymrnt��f
<br /> • � principal. Any applic:►tioo of the proceed� tv thr principal �h:,ll nut extend or pv.tpastc thr du�d�tc af ih� monthly �
<br /> .. , .- . ' . . . . . ._. . . - . - . . �!fkl.LM i t��pJ{P.tl . . . . __ . . ' . • _ . �. .
<br /> - _�•'- . • j. . . .
<br />
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