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<br /> —$�. , �a'- ' . . ,% -.a'` . .-:. .. - .� _ --
<br /> -- t. . �c—�- • ' ' . .�`r±'�2'�- .r'��, � . _ �--- . l-_ ._�_-- — . z�L. ._ _-
<br /> _Y�:�___ . . _.--_.._� -- _ _ !s _ _ ' _ _. ...
<br /> ���_ � � - ` .::� .. � � . - . . , , -.: . _ � _ { ` 9I-1Q8415 _
<br /> _- � , . _ . .. ,
<br /> 1. hyAd�t of lri�'�.1�4�aiW Wrte C�ar�e.`Batowct sbail�y wUdt dae the pcinhp�t o�aod inoet�st ae.
<br /> the de6t evida�oed bS►tbe i�and I��due ue�ler the Nooe. "
<br /> — 2. MaNM!P�7!K�°«+���aad Otfes CYsr�c+. Basrower�incI�pc fmoathlY P�Y��•
<br /> -- toget6er witb the print�p�l aad inutsst as set fatL in t�t Note aad�Y Iate ch�rgrs. �nY(}w�es so(1
<br /> specn!assessmeats kvied ac w 6e tevicd agaiau tha PrapertY.lb3�WY��°��01°d�ents oa d�e ptope�ty.aad
<br /> � tc)isemi�s ftx��4�fry�8�+P�4� �.
<br /> -- — Fich monthiy iu.u�llmeot for�rtems(a).(bJ aad tc)shaU eqwlt.one-twetflh of ttx aapu�l artw�s. as nawnaDly =
<br /> - - a�aLOd:E,y Lenda,plus aa amaont sutticienc to maintain an addiaonat balance of aot more than ono-sixch of the - - -- ,.f
<br /> m. — ` Gttinntod arnounts- Tb�full annu�aawuaE for eaci►item si�all be accumutated bY Lender withiu a period ending aa� _ —
<br /> mo�Nb bcfore an ium wa�W Eecome delinquent Lender sAall hold the wnou�rts coltected in trust to PaY items(a).(b)and ;�, _ -
<br /> (c)befoce t1�6ccaaie delinquen�. - ^ L----
<br />{-',. � ts hetd b Lender for items(a).(b)and(c).together with tl�e funue monthly �-'�-��-=.—
<br /> If at wr timc thc taal af the paSm�ai Y ' ;��a �
<br /> - payments far,st�ch rtems pay�ble to Lataer prior to the due dates af sneQ items.eaceeds by rtaie tl�n oaasi�h the :
<br /> • w such items wItiea duG at�d if payments aa the Naoe ace currefl�thdt i.et�dec i ���L
<br /> e�tod 9ma�nt of InY��1�. PaY ?+ _--
<br /> . -- siWl eitt�er tefwW the excess oveE one-si�th of�e estimated paYments oc ciedit the access ovu oae-sixth of the estimated :_„��,��-�°---�
<br /> • _ � payme�ts ta st�6se4��P�Y?�bY Boc�awer.af�tho option of Bonower. If the total of t6e gay�nts made by Borrower _._ � �:f_
<br /> - far ium{•ai)`.;(b};war(a)�.s m�saS(.��`�aa•t�o pa�th�Ls�iu�mw�wi�en due.t�h�sen Bo�owec st�att pay m I.ender ang amount oecessary to `,°°... : _
<br /> - --- ' �1ft1 i��G�\,(�.QC.y a{QT 17G{Q�s 11iG�lI1G�iJli��Y✓� - Y. l 'T' . Y •i'W'"'
<br /> - � `�:i• - �used in this Saeitq��rF•��°Sc�retary"aieaac the Secretary of H�and Urbaa Devetapmeat ar his ar f�r- t.. ; . : �,.:_
<br /> ��. ��y ypr• a m e ins�ace . nm tu the Sernxa:y,each manthiY pab�v ,,�..f ._ ,�.�,.. ,
<br /> � �.=' m e��h&ie�.endei.�#�PaY �8 P��._ .,3..`., _ '. "_�=-- ...
<br /> -:� . `shall aLso inctude either: (i�azi� ��t of the a�r�t�8e�ce�Cemium to be {raid Uy l.endes m tde . -- -
<br /> �.>-:t` ��g m if this Secari Instrument ts held by the �, . �:;�,
<br /> ',�=.z: .. �' Serntary,or(ii)�a monthlv'cTiarge instead of a m e insuraQCe�emiu tY
<br /> • �;.. .� Sa�tary. Each month1q insrallment of the martgage insurance FieminuR�raS16e in an amount sufficient m accumutate the � •.�_.�.� ',��-.:.
<br /> - �'t- •` - full annual ma�tgage insur�ae�seminm with Lender ax mottth pzroc ta.thedau the full am�ual cna�tgage insurance —
<br /> ` :=��� ,.. each montht c e shall bt in an ` f` ,-
<br /> . - . pnaninm is due[o the Secr�y;or ff Nis Securiry Instr�►rnent is heI�b}ttie Se��etazy. 9 1�S . .__
<br /> :_ � "..: amount e q u a l taone-twelfth�gne-half per�eent of the oucctandin 6atance due on the Note. x"''�r=" .
<br /> rr•�-'' ' .If Bamwer tenders ta�lendeY the full payraent o f al t sums s�e�bg[t u s S e+c u r i t y[n s u u m e n t.B a m w e c k x c a u n t �: .,.;. .`� :�_ -
<br /> , .,%�•'_�-' •:� ' sl�all 6e croditod witl►the 5aiaitce.�aing for alf instalimenu fo��s�'ns(a)fb)and tc}and any mottgage insurance '. - =_.
<br /> � E'-' ' � �:��; pcemium instaltment that i.ender has�ios become obligated to pay tfl¢�7�Sec�tar�.and l.endes shall prampdy refund any . � ..._
<br /> ga ed
<br /> �.' �� , t. '� ��s�S to gaROwer. Im�ue¢iately prior to a focectasute sale of a�ne Yroperc}or its acquisition by Lender.Borrower's '''�;��•�—
<br /> _ , ,�f 1` . • - accAtmt shall btct�ited w�h�y 6atai�ce temaiaing faor allinstallme�.f4�t�eitis 4ar(ba and(c). . [�..:. ..�-•- ..---� -
<br /> ' ��}�'- .. � 3. Appticatioa ot Yay�nen�. All payments.undes FaragraQhs 3 a:zd�sha�t 6e appfied by Lender as foltows: _
<br /> •h '1
<br /> , •� :�' �,,.'f,to the moRgab�i�rance premlum to be paid by Lender ao ttfe;Seeretaig or to the monthly charge b�Ghe � .: . .
<br /> :�Ti, �`- . Secretary is�stead of tt�e monthty��tgage insurance Premiu�: '. , - . .
<br /> , ,�'., '' $�Cd1�TD.to any taxes..sQecial assessments,�leasehald paycr.i��.s cr grma.��.and fire.8aod and other 6azard �.� , . . . °Y .'
<br /> ' ��, .;;.y�t" , iawrancepremium5'a's�qu�red; , f .�
<br /> ,; - ".,`.���� ' • ' �Q,to intecest da��uader the Nate• ;: . . . ' ��. ' , {'�'
<br /> ...�..
<br /> , � �,w amo�aa�of the principat of the ti�'W.. :, ,': E i;��° ', e,
<br /> ' �to late charges$ue under the Note. �. . '�
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<br /> � �'` '�� 4. F ,. i�7 o o d a a d t�t h e r H u a r d tngurance. Borrower sha:�L���re a:i�rnP�z.ments on the Property,whethet now � ,.. . � `
<br /> ':��., . •��: - :,; �'�i existeni�or su . uentiy erected,aaainst any hazards.casualties.�,�c,r`o^:�n��cies.includiag t'rre.for which l.ender ` - . _•
<br /> � �' .�:. . • ,,;� `•:
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<br /> ' :-,-° ._- -- ._.� _ ,:,•.::c�v#res insu�ance. is insurance shall be maintained in the amosa�.4azw f�iie periods thac E.e�3er uires. Burt o w e r } t����r,���:
<br /> ..:.,-��__ � —
<br /> �.,�., ._ --------� __ . .
<br /> • . sUall•also insure all improvemencs on the Property,whether now in exisc:iW°cs s:*ssequemty etec:zcF.agaiast tvss by floats r=.= -�
<br /> � , � to the extent.tequired by the Secretary. AU insurance shaq be carried wr.ii coxp'aL�e�approved by I.ender. T[ie insuranee !� . �'+
<br /> ._ polic;es and any renewals shall be hetd by Ixnder and shal! inclade toss�Sa;aSi�clauses in favor af. ar,d in a form � � ���
<br /> . acceptable fa txader. ' ' i '
<br /> . In the eti�ent of toss. Borrower shall give l.ender immediate r.-��e:e'�y ma��• Lender may make proof of lass if not
<br /> � � y r���eb authorized and directed to malce payment for 4
<br /> ' made m^tiy 6 Borrower. Each in,urance campany conceme�;_ �-..: Y .
<br /> � such toss d�rectly to Ler:des,instead af to Borrawer and to Lenderso��:y. A11 or any part of the insurance praceeds may be � . . _
<br /> • ' applied by Lender,at Fs o�on,either(a)ro the reduction of the i^�:.�biedness u�r��.r the Note and thic Secunty Instrument, :� ,
<br /> � - first to any deiinguerst�onntg applied in the onfer in Paragra��-.3�nd thesti°�s�epayment of prinsipal.or(b1 to the ,. � _.
<br /> • restaration�r•re�a�r of the damaged pmpe:t�y. Any application of'L��.prcxeeds[a�1z��nncipal shall not eatend or postpone ;
<br /> `���.; .: the due dat.c:xhe monlhly pryment::�L�eh are refcaed to in P4.:��h 2.or char.;e the amount of such paymenu. Any i •
<br /> . ��'���' eseess insww,�:..proceed.c aver an ar-��ax;,•�e[►uired to pay aIl o�c:��.-f�ing indebtedness undec at���tote and this See�nity r` . ,�,;�.. ` .
<br /> . .1i�� : . :,.,, ,s.:i•;s:
<br /> � • instrumert�s�-�11ie pai�'trsthe entity legaUy entiltcd thercto. :;:.. :,.;',�::-': .
<br /> " ' • . • ln tne event af fa:�:�swre of this Security Intitn.:aent or mhcr tramfer af title w the Property that extin�uisl�es the , �.,�-,.:s� � , •
<br /> ,�,:.;,��i.
<br /> ' ' indebtedness,all ri�ht.c:i=�and interest of Barrnwer in and to in�urancc policicti in force�hal!pacti ta the purcha�. � _ , , .
<br /> . • S, �ccupancy. preservation. Maintenance aad Protection of the Property: 1�arrower's l.uan-'1pP3'i�t�ams , ..
<br /> ". . •, t,easehoWs. 8arrower shall accupy.establi.rh,s�nd u+e the Praprn`�.c 8orrowery prmcipal residence within sixty days ; .
<br /> after the execution aF this SeCUrity In�trument and�hall cantinue"..Tu:upy thc Pr�crty.�s Bunuwer y principa{reside:t� � �
<br /> • , . ' for at least one year after thc datc oi c�ccupancy.unlcsti thc Secreus��di�erm�ncs�h��rcyuuemcnt will cause undue hazds;r;� �:
<br /> • � . for Borrower. or unlecti extenuating circutn�tance�exist which a:� bryond Bnrro�verz contml. �tsrtawes shaU notify . ,
<br /> , Lenders of any extenuating circumtiwnces. H��rre�w•cr tihall not commit waste or de�uoy.damage or�ubstantially ehange : ;,.'•:; •
<br /> ' the Property ot altow thc Property to dctcrinrate.rea�anablc wcar ar.d tcar excepted Lcndcr may�n�pcct the Ptoperty if the ,
<br /> ' � . Property is vucant ar abandoned or the luan i�in defaulf. Lcn�er�aq t�ke rc:uu»abte action ta pn�tcct a�d prcscrve such ;'�'�•'�
<br /> •� `�. vacant or abandoned Property. Norro�ver�haU alsa be in drf4:��.K�t��+n'��ver,during the lnan appiication procesti.gave
<br /> � ;•�� �esaterialI}� false or inaccurate information or �tatc:r.�.r.��• ?a �..��y:r Icn f:�ilcd tc� pruvide �.endcr with any matcnal
<br /> ` � ir�fdrmalion)in ronnection with lhe laan.r.widrnccd k�•,' �?r.s�ti;�:�,mr:uding.hut no�lim�ted Ic�,reprexntation�ionceming •
<br /> • ' $otrower:w accupancy of the Yr�yperi�•ati�principal rcwi,:i;;ce. f:this 5ecuriry Inrtrumen!iti on a te:+Khold.Bc�auucc shalt � ..
<br /> ' ' , comply with she prov�vians of thc lca�c. If Hornnvcr acquires fre eritc to thc Pu+{xdy.thc tca�cholc�and fc�:Fnte shal!nut
<br /> be merged a:�1�:�.c l.e�tder agrecv tc+the merg�r in writing. .
<br /> -• 6. C6�:e!+to Bnrrowcr nnd Prutecdun uf l.eader's liigFetc in thr Pw�perty. Horcuacr�h;�li p:►y all go�•cmmental
<br /> ' ;�'��.� nr municipa(charge!�.fine�:and imp�.ri�iany�h�t;uc not ittctuded i�7 P:�ra�raph:. Harroµcr tihali p:�y ihc�c oblig:�liuns on •
<br /> ' time dircctty ta th�cntit� ahich is��wrd tha payment. li failure ta pay wuuld.�d�cr.cly affect l.end�r:v intcretit in�hc
<br /> . ' Praperty.upnn L.ertd��t's myue4t Bun�nvrr sh:�ll prumptly fumi.l�ta Lcndcc rcccipi.ccidcncing thc.c p.i}m�nt;.
<br /> � , s, • . If$nrrowcr fails�to m�k��the�c paymemr ur the p.iymcnt.reyuired fiy Nara�raph :.ur (a0�+ to p�nf��rm an� nther
<br /> covenants and a�reementy c�rnt�inrd in�hi.r 5rcurity M�trumenL�+r th�rr i�a Icgal pr�xreding�h.it n�:►s aignific:u�tly affect
<br /> , ' Lcndcr's•tigh:s�n the PrvpeAy t•uch a•s�pr�uYydin�+in h:+nkn�ptry,fur ranFlcn�n:�ti�m„r tu cnturcc:�rws w nFulau�ms►.
<br /> ' then Lender may do:utd pay whatevcr i�nece�yary ti�pmtect ihc value aF the i'r�+pert}und I.rnd��r�rightc•in the P7u�x�rty.
<br /> � ' '' • � , including payment c�f�axec.harard inruau�cr.u�d�+thrr ite�n�uuntic�nrd in!':tr.igr.�pti 2. ,
<br /> Any amoun�s disbuncd by Lcndcr undrr thiv Wara�;raph�.hall txcome an adduional dcht��f liunawcr and be.rccurrd
<br /> � ._.�_.._ .__ ._. hy.�hi�5�rori�y Im�n�ment. The+c:uiwunl.ti�h:il1 ix:ir mtem�t frnm th�datr ul d��hur.emcul..+1 fh��i��te tate.'�nd�1 thr ' __
<br /> -' - - - , -- -, - nptinn nf l.ender.sh;�ll t+c immcdiateil�uc artd payubl¢. - __.. -.
<br /> ,. � � 7. l;undrmnation. '1'hc pr�xerd���f:fny awiud ar claim ti�r damagr�.ditcct i�r cnmc��uctttiaL m conn¢c�ian with an��
<br /> i rondemnwion ar other ts�tcing uf an}part of the t'ru�xny.<�r t'or cnnv�y;utcc in piace o1 cun�temn�uictin.:uc hereh}a��i�e ned
<br /> •.�( and s1W11 be paid to Len�icr to thr cxtcm uf.thr fult amauut uf ihe indebtrdnc��th.�t n ivai��y unp:ti�t undcr the Nute an�i thi. ,
<br /> --_-_.,--=--==-----=--=-_=='- � ' Sceutily lutti�unenti Lectder�h�dt:��+ply 4uch pr�:ee�ls tu thc re�iuctina�,f the indebte�fau4r under ihe Note artd thi�Secunt} _._.i_---- - - —..
<br /> u
<br /> • Instmment. finl to:ury delirtyuenl �m�utu� applicd iii thc u±dcr pr„vidcd-in P.tfa�:rapfi��.ai�d�ff=:n t�ptc(�ymcrtc�af -
<br /> � ' ptinripal. Any appHcatinn ut thr �tix�d�tu the ptinctpal shaU nut k�tend t�r��stponc�k� due date ��f th; munthl}� _
<br /> .. . • . - - - � q„rve��./��n�er.� . ' _ _.
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