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<br /> _ �. l�.r�.T.�c�i r..e�cr�:ea�siowQ sA.0 p.y,wl�a�e the pria��l a�,m;m�a�oo:�
<br /> 8rc�ebt evjdeaaed by►�e Isoee�nd tatech�r�scdot uder tbe No1e.. . � . ,_
<br /> L iH�■l1�►M]�c�M�°�a7�r Ls�ra�ce a�d Otl�er C�s�a�. Baraarrr shalt iacWde io ach moathi9 P�Y��
<br /> �et a�tbt prioc�t�d inoa�est sa set fcrtb m tbe Nae aed aa Iste ch�r6es.ai�oPaay ts)qxes aad � .
<br /> spcci�!sssessmatis�evkd a to be k�+i����P�Y,(�f�Q�Y�°f��s m tbe Pt�pecty:aed
<br /> (e}pRmwms for iasi�aoce�nmed bY Pl�a�aph'k �.�of tbe�a�l�ma�s,�teawn�b[y �
<br /> Each mao�hiy ie�for�(s?.tbl a�(c)stuU t9ua1
<br /> - --------- �by t.eoder, sa a�ao�+t�w msi�sin�additiuml6�l�moe o['not moce tL�n aoc-si�h of tAe -------
<br /> — ��moa�ts. �futl:amu�t amomrt for each item r,h�l!be x'cmnuiated¢y LeMerwittio a pe�iod e�diai,.oac �
<br /> moedi befa+e aa itan w►auW 6aamc de�nq�ot. i.ender shafl hold the�o�mts coliected in�ust w pay items(s�.@l ud
<br /> _ (c)befaed�►becmie deti�au. _
<br /> If�t sny tmnc drF Wtat of the�ymiepts 6dd by Lender fot itemg(a).tb)�nd(a),w�a6e�with�e fimu�monthlg _
<br />---:<<r' psyipen�far wch tta�paqabi�to I.eoder.pia za th�due d�es of sucd items.escaeds by mae t6m aae�sixth tbe ----
<br />;�=.•� ��mo�t�MYma�ts teqa�edto�Y stich�te�g wlxn due.and if pa m the Nate at�cuem�.t6rn l.ender --
<br />- - sWIl eitE�ec�fimd tbe ea�oess over ano-sncth of the esmaatod paymtuu or�exaess aver a�n�e-suth of tbc e�oed —
<br /> -, p�Y���P.�Y�bY�wer,at tbe option of Bormwer.,If the tiopt of thG psyiaeau made by Batower =_-.-___. _�.
<br /> "���� far�tem(s},N�,or(c)is�tv pay the item when doe.tbea Bartawa"s1�all pay to Lt�r�der anY�mount ne�suY t� ___:�_- --
<br /> maice up tLe deficiaxy worbefore tbe date the uan bxana du� -.:�`---- -
<br /> � l�Ls ased in this Sa�Ltsuumeai,"Secretary�means tbe SaretuY of Hwsing and Urban Devetopmeat or tus or6er _�ay _
<br /> :�.:��, designx.ln aay.ye�us�chtLe I.endec must PaY a m�tSa&�i�surane���m t�e Sec�etary.each maathtY P�Y�� � , .�__�
<br /> sb�l!�mclude eith�: ti1 an�rmatt of the annwal maitgagc insur�e P�mium to 6e paia by tsnder w t�e ';,:;=:,,�
<br /> S ium if th�s Savnty tnsuunaent is l�eid by the �
<br /> '.. Secreq►y,ar fu�a awia�bly chacge F�of a awrtgaga in5ur.�ce P�ea� '':i�''"-
<br /> - ,���. .• Seeiaaay:�ch mont�t�iastaiJmeat�ti�c tuo�tga�e ittcoraoce pnsn�om slwll be in an_amotrat snfficcet�t to aocumWare the ,_:_,
<br /> •� 'rfoll sumu�l moitgagc�tance Anmiom w�itb t.e�3er•ooe moitth ptior to the date the fi�it aaauai mat$a,�msurancx °"`=%:T: -
<br />' .. ," ��.',�;�:. ps�miiun is dne to,tite Seitrtuy:or if this Sacarity i�nent ts hetd b�r We Secntary.eadt .�o�iiY;��aq be in an . - - _
<br /> �° �':.=
<br /> ' , ..-u � amowu oq�al to ono-twelfib of onahalf percent oTtiie�g r�p�����me�lrame. � --��.. _ � ��..,�
<br /> '� ;, If Bamwer tendeis to�l,enda tbe fuil paYment of ali sums saru�ed by this Savricy.I�eat,Boirower's acra�M .
<br /> - . �t,�% sball6e ciedited with the b�al�noe iemaining for aIt mstaltmenu for items ta�(b)at�3 tc}�anY ma�tSaB�� . .=:�_
<br /> , .,.4;.:•�;•i�� pnemium instalbnent ttiat I.eMec i�s aot become obligated to pay w the Secretary.and Lender�shall pcomptty reftmd acsY ,, _-
<br />. . ''��' a�ass fimds to Borm�er.�inmediately pdor to a fomlosun sale of tde Propertg us iu acquistrion by I.ender.Bormwer's . :.:, ' _--
<br />• ' . :'' ��` aocamt sdap be cRdit�a�i�an baTance iemainin for af!iastatlments'for items€aj:ib)and(c). `�-``,.�-
<br /> �:�'�` _, � ;�r � p�J �s under p�ragrap4�s 1 and 2 sba11 be applied by Lender ac foltaws: i�{,�f���,•; � .._
<br /> . t:"•�; ; � PaYrt!� to.the Secre or to the monthly charge.by the :�'"' �-
<br />� :tn tl�e�a insura�ce prem�um to be paid by l.en¢es �Y _ .,� . . ..,�-'
<br /> . ;°� Seci�.ry mstead i�fshe mantt�iy mortgage insurance pcemium�: - '�, . ,
<br /> `� assessments.Ieasehotd aymae�or ground rents.and fit�.fiood and othec hazard . `4 �-.
<br /> `':. ". • SECA:VD+p miY.taxes.sPec!� ::�;�` � �--
<br /> �t• �r, .:.� . .. ., itlsufi111Ct Ly,��5+.:4,+� . �{�;� ��i-�—.
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<br /> i :�'y ` ' gj�,tQ 1tlfe[e5t�i�i d1C NOtC: .- ' � • '�'" . •`rc��
<br /> '. � �i.to a�on of the p�rtncipai a€rtr?��te: . ., �:�s, 'r,•. .. :----
<br /> ' '" '�:..•,:; �,to late c�c�.�.due uzdea ttte Note: r ' , ,,�1'"'.". `'. °'-'`�`--
<br /> ;"'`�, ;`;;i f;:-.; 4. Fire.l�7aod and�Tttl�ar Har�E�nsurmce. Bomawer shali insure all improvemeae;cs��he Property,whether now V;r. _.�'�;:°.,,:°v—
<br /> �a ,
<br /> in existenee or su ecertecE.x�ainst any hazards.easualties.pnd eantingeneies.irsr:u�:i�g fire,fcr whieh Lender � ;-�' .;��. � rg;i+�..
<br /> ' -- ,;• --".-'-`� , requins insuranceb��insurance shall-be maintained in ihe an-totut�.s and far the p�iodslts�.�eadesreqttims._Borrower , •.` �t�' ��-
<br /> ' • �tr�;_•
<br /> S's,. `= ' shall also insure all im-+�roz•emenGC on the Property.whether now in existence or subsequently ere�occed.aga���t lass 6y�toods �:�.��1� .� "�. • ':}"``;•� �
<br /> `'''•` • ' to the extent required 6f the Secretary. AIi insurance shall tx,cazriec!with compames aPpmved by Lender. The insurnnce d-,��:,S;': ' : '- `
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<br /> , �;�r��--'• �� policie� ana any renewals shall be held by l.ender and shall include loss paya6le clauses in favor of. and in a form �r;", ,
<br /> � _ � � '�''�; ,.;;,;;..
<br /> , 't.. � ceptable to.Lender. �, ,:
<br /> "' � in 1hC eveni of iass,Horrower sdall give Ixnder immediute notice by mail. l.ender cc�.�snake praof of lass if rtat �,����,,.,.
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<br /> `.'�:j.;.' ' '�� ^ .' ' �.� made ptnmptlY by Borruwer. Each insurance company concemed is hcK+eby authorizeQ and��cced ta make payment fdr ':•�,� ,. , �..:;:_--
<br /> ,, • such toss directly w Lender,instead of to Bortower anQ to lxader jointly. All or any pan of the insurance p�o�r�eds may be -.:t�; �
<br /> '� s ��:' . app lIed by l.ender.at its aption.either(a)to the re�cticm of the indebtedness under the Note and this Secani�iasmirnent. ��r=�,� :
<br /> � fitst to any delinc{uent amounts applied in the ordiec.in Paragraph 3,and then to prepayment of prinaipai.ar(b)to the j,.,,r, ., ,,.;, `�.
<br /> '�' • te�toration or repair af the damaged praperty. Any application at the praceeds to the principal shall notestend or postpone �� ' . �.:::.?� _
<br /> ,•�,,�. , .. . ��::,, � ';�:�;1� .
<br /> • . • ,�,-;- �•,�t�•�;...,� the due date ot the monthly paymen�c whuh are referred to in Paragraph 2.or change the amai,..-�t of such paymenu. Any � ' ,,
<br /> .:'.�,';;�;;4� excess insurance praceeds over an amount uired to a all outstandin �ndebtcdness uru3s�che Note and this Securit �. .. .. • �'��'�'���g� `
<br /> : �1, P Y g y .qI, �•:::�i`�k.i''.:.. ,.
<br /> . F �,7?;.;,.. , . lnstrumcmt shall be paid to the entity legally entitled thereto. . ' :,r,rp;, "':,�:;•,,, .
<br /> 1 .F::;�, In the cwent of foreclosure of this 5ecurity i�strument m other transfer uf titiCz tn t!rz Property that eatinguishes the _
<br /> �'' ' ,. '. indebtedness.all right,title and interest of Boaower in and to insurance licies fr��rce shall ass to the rchascr. '`�' � �%�<• •
<br /> Po P Pu 1;:� • ,y�••#
<br /> y� : . . . 5, pecupancy, Preservation, Maintenaace aad ProtecHoa of the t�raperty: Borrower's l.aan Apptication; ��� , �i�,;t��;,<<;;:;t`-
<br /> ��,���`�•• , _ ' � _�. Borrower shall occupy,e�:tablisri,and ace the{'roExrty as Bottower's pnncipal residenee within suty days , '..��r,c��;,;�n, *•
<br /> �;�j:_ . �:�:ertt�:execution of this Security Instrument and shall cantinc�r�occupy thr Pro�eny as s8orrawerc principal recidenc�. . � � �;��:';:z�;�
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<br /> � � � for at teast one year after the date af occupancy.un!es�the Secrctary•detemimes thic requuer�er.t w•ill eause undue hardsF�p . ,' 4i'' ,
<br /> � M, _ em u'`��:' .
<br /> r.,;; • • frn Hotrower.or untess extennating circrosi�tan�ezitt which are bcyond Borrower:contr�l. Borrawi��hall notify _;`:, ,
<br /> ••��: • Lcnders of any extenuatins circumstances. Harrouc7 shaU nnt commit wastr ar destray.damage or scbs�tiatly change i;,,.� .
<br /> � .,;,s;` •.,. the Property or altow the Praperty tn deteriorate.reas�mabte wear nrtd tcar exccpted. Lendcr rr:a� inspect t;�e�'roperty if�e ��r�• , , .
<br /> •� . ���:�':� plroperty is vacant ar abandoned os the toan ir in default. Lcnder may take rca�anable act[u:i u>protect and preserve�uch ? �•' '
<br /> � ,.•., .
<br /> � +'i`.���,-�•�, ., vacant or abandoned Property. Bnrrawer shall al�o be in defau(t if Qurruwer.during the !u�u3 application pracesc,gave � ' ;.�,,r;;.(.;
<br /> • � �-;•'��� ��- �� ' materiall�r false or inaccurate information or statcments In I.cnder f�r f:�iled to pravi�t: l.cnder with s�ny material ., ,
<br /> �.; . . . .
<br /> • :.;�:��� infarmat�on)in eonnection witb the toan evideneed by thc Nute.including.but:rat limited to,repre�entatians caneeming
<br /> �=.•;�'�' Borrowerx occupancy o!ihe Nrop;rty as a principal resldcnce. if thiv 5ecuri�� t�s.acument is on a leu�chold.Bortawer xhall _'�,•.•. ; •'�
<br /> . � ' comply wilh the prov��ion�of thc tease. lf 8anotocr acyuire�fee�itle ro the�respcny.the Irs�ehold and tec titte tih:�l!not ;r:;,, �
<br /> • be mer�ed unless Lender agrces ta the mergcr in a�ting. '
<br /> � r 8. Charges tn Bmrower an�Protection ot t.ertder'q R��ts in the Prapeny: 8otrow��r s1w11 pay all gavemmentai� • :�
<br /> ot muaicipal chargev.linec and impocitions that arc ru>E includ�d in Para�ph 2. Burcowcr�haU p:�y these abtigationv on ..:�'•
<br /> � tlme direcdy to thc entity which is owed the pa}mc�st. If failurr ta pay wauld advencty �ffcct Lendery interest in Ihe `�
<br /> i;��' Pn�periy.upon Lendcr's•reyuesl8ortnw�r shall promptly fumi�h tc�LenJcr reccipt�evidencing the.e payments. �° I'
<br /> • lf Horrnwer faits ta m;ilce the+e payments�r thc paymcntv reyuired by Naragraph 2.or fails to perf��rm uny othcr
<br /> • '•�. eovenants and a�rcemcntv runtained in thiy Serurity Inyttument.nr lhere is u(e�)pr<xeeding that may signilicantty�ffect
<br /> ��":� � ' ` Lender�rights m Ihe Propeny Isurh aq a pnxceding in Munkruptcy,far cundemnation ur tn rnfprre la�v.nr rcgututions►.
<br /> � ihen Lendet may do sind pay wh:ttever i�nece«ary to protrct thc valuc��f the Prapeny and l.rnder�right�in the I'rapeny.
<br /> " � including paymem nf wxe�,hsu:ud insurance;uid other item�mentianed in�.uagra�h 2. � �
<br /> � • ' '. " • Any amounts disbursed by Lender under.thi�P.swgraph.�ha1F(xcume:tta additicmal debe af Hnrruµcr:uid t+c�ccured � ,
<br /> - - -- --- by1h8-S�ecarrtg iirstrume��i. 'ii�.�r��unts rliait tcat'intcr:..i ftu,�ss ttte c!s!e o£diQh�ncrmei��.ut_the�Vute rate.and at the � _ __ —..__ . - -
<br /> �,` . � option d!i.ender.shall be immediatrly�iue and payablr.
<br /> .. � 7. CWtdemnallun. 'fhe praceeds of:tny aarard��r el:�iro fur�i:�n�a�ev.direct or a�n�eyuentiaL m connrctian�vith any .
<br /> ' ' cnndemnation ar other taking uf any p�ut of the Prvperty.ar fi�r cumeyance i»place uf a+nde�nnation,ate hrrehy utisigncd
<br /> � . • . and shali ln:paid to Lender tn the extcnt of the full:imnunt uf�he indebtednc�s that mrttainc unpaid under 1he Nutc und thiy . ,
<br /> ___ _.__._. - -- ---- - _ - - 5erurityh�strument �endrrsfr.�f�a�iiystteirpt�e�ktcrtiteceduc:iono:sheincic;}+tui�e.:ta:t�sthe.*t�teIIaclthis�ecttn!} _ ____ �_._ �__
<br /> � . InstrumenL first to.:u�y delinquent amounty applicd in the��rder pnwided in {'�r��;rapb ;. :md thcn cn rrepaymrm uf �
<br /> . pnnciQal. My upplicadon of the paxeeds to the principal �hrll nc�t extend ve y+.�t�me the �tue date nf the mnnthl}
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