|
, w....;n - -. %!�:'-`T;�-;'�`:.�., �.. . � Pl.c �i'!''r~ _.Y �H �_
<br /> - � 1:. � e ���� ,;., µ ' r �i��..}•,::�:.1�t .•� ��i. . �7 '4..yMiiB.: .
<br /> 'I i :, � l�(�• �.. �. • <¢. : � �..� �f_ _ . c, 7!�! .
<br /> • 'j�M��#.1dt w��. yplf.4r�•'� J .. • �ni..�.'a��._�. _' __.
<br /> .+N. y,'�7 ,� iW� y'Y'i u.S... .� ..i•� , ,. . L� • " '
<br /> ��!M►;1� � II I --
<br /> - .. � . .:471�'.
<br /> . .f. ......
<br /> w
<br /> . � �
<br /> .
<br /> �.
<br /> i .
<br /> �„p� ..p7�'NttWyMIYMWt''� ..M!�+�
<br /> 'I��� � • • ' ' . .
<br /> � I� , �. � ` ' :�
<br /> � ' ..... . • . ,. , . ._ , . .?•__ :7c�.
<br /> _....._.�v............. , ' � ..:�S�:..e:rCS'.�
<br /> _.r».:,�:yti�..,a s
<br /> •5.���.t�-yy.��. _
<br /> �.'. , .-J, ?. .��;.-r�J;�tiar_—_
<br /> � ' � 91~-~ 1085'7� ,� .�- : :-=�,�,_.__
<br /> ; Y y.,,qR..
<br /> i �;' _�_` ....___ -
<br /> ,.� , 1. Payment of Prfncipal,lnt�n�1 wnd Lwte Clw�e. Bnrrower+hull�uy when du�thu principnl of, und inlarer�un, __
<br /> `' '.� .� ` ' � _ �he debt cvidenccd by thc Nota und Icito churg�du�under�hc Notc. - ���,.�.,.,_
<br /> ► , A. -- 2, Monthly puyment�ot'Ibxes,lnr�u�nGe s►nd R)Ihe�ChArRes. Bortower.hull includc in ruch mim�hly puymem, � ��.�,�•� ,,.
<br /> ' - ••..�,:� tagether wilh Ihe principul und intarext u+tict ti�rth in thc Note �md :my Intecharge,.un intitullment of•rny lu)tuxe�und ��• �•---
<br /> � " { spccinl assesxmcntF levied ar��bc lovi�d ugaina�t the Propeny,lbl Irusehuld puymcntti or gmund renis on thu Propeny,and '. .�•._:_-
<br /> �����..'•" � _ ��ii.�'BF.r.��_
<br /> • (c)pr�miums far insurunce required by Pamgn►ph.4. �•k�-�.—,:<•�. -
<br /> " Faich monthly installmcnt fnr iicm*(uL Ib► und (c1 .huli cquul one•tweli�h ��P the unnu+d umuunlw, u� rcu�onuhly _. . ,"?,° �---
<br /> .�-��.-,
<br /> estimated by Lendcr, plu�: an umaunt suftioiam ta muintuin un uddi�ionul bulunce ot� nnt m��re Ihun ane•sixth ot' ihe a,;-s:�ftoa;���1,._,L
<br /> ' � estime�ed umounts. The full annual amnu�l fi�r c�►ch item xhull be uccumululed by Lcnder within u periud endin�onc �-� _
<br /> month hefore an item would Ixcom�dwlinquom. L�ndar shull hold the umcwntx coUerled in truwt to ► it�:ms U�),Ib)und � ?������`i'-'==
<br /> P%Y �:. - _--
<br /> ..�� -
<br />- (c)before�hey become dclinquani. � �`r'�=�-
<br /> If nt uny time tha tatul of tha paymvntn h��ld hy l.undc+r for item�1u1.lhl un�l lc1• �oge�hcr with �he: fuwre m�nthly �� .•��'.rwi�.__
<br /> . �� puyments for such items u abla ta Lendur rlor�a.thn dua Jute+ of such items, exrcedx by more thun ane•.ixth thc ,,,,:;:,x+��•=--���
<br /> PY
<br /> . ^'?'.::��:
<br /> • estimnled umoum of puymemti rcyuired to puy�uafi itamh when duc,und ii pryment�on �h�Notc arc currenr,thun Lcnder .: . ,,����
<br /> �� shall either refund thc exceti�over ana-sixth nf Iho esiim�+�cd puymenta or rrcd�c thc excr,.�►vrr une-.ix�h of the c+iimntcd . ,.,,y., =-
<br /> S' puyments io subncqusnt puymanth by Barrower. al,the opcion of Bom�wer. If thc wtal of�he puyments mnde by BaROwcr ;, :� � � �r.;::•�
<br /> � �'�• for item(u),(h),o�(c)ih in�ufficient tn pay tha ilam.when due,then Bonower vhull puy ta Lender any amoum nece.�ury w �.Hn++:
<br /> i �,. .:�r.��� ��
<br /> � make up�he deficiency on or txfurc Ihs da�a thn itam.becumex duc. �• ��_;�
<br /> l�• • A%u.r•ed in thi�Secu�itv Instrument,"Sccnttury"mcans the Secret•rry af Hou.in�und Urbun Development or his or her �,,,:;-,-�;;�-����
<br /> � �.:�;.;�, � ',;..;� designae. In uny year in which th�l.rnder mu�a pay u murtgaRc insuruncc premium eo th�Secretury,euch manthly puyment •�.:�,;.�.�.��,
<br /> shall Attio include either: (il un insiullment of the annuul manguge insurance prcmium to M: puid By Lender lo the �
<br /> �,�!:;,, _ _
<br /> } .�:. .
<br /> Secretnry,or lii) a moMhly chur�c inrlaucl uf a mort�uge inxurunce p�emium if thiw Security Instrumant is held by�hw .y�"'°'_�:'.
<br /> '"� � Secre�ury. Each momhly inxtullment uf�hu mnrtguge in�u�anre premium+hall tw:in un umount sufficient tu uccumulrite the ;.',;.,ro.� ,��..
<br /> ,t;':i" ;��• �
<br /> ,���,�:r
<br /> •. '��� full unnunl mongage insur.�ncc pr�mium wi�h Lender onr momh priar to chr Ju�c th� full unnuul mnrlguge insurancr �,..•,: ..�� ;`�
<br /> ���::.� . ,,.�;,��:�: premium iti due�o ihe Secretury:��r if thlh Securiiy Instrumen�i,held b� the Secrctury,euch mnn�hly rhurga�hull be in on ; ,
<br /> f�.;�,••, :. � �.`;�.�.� amaunt equul w une-twelfth oi'w►e-hult'pen:enl of thc��uthtundinp princ�pul hal�►m:e Juc on Ihr Note. � .'�w�•;,-- _•
<br /> ;; :�l ' � ' If Borrower tender.;to Lendor tha full puumant of ull �um�serurcd by thix Sccarity 1m�rurnNnt. Barrowerl+uccoum .
<br /> '�°'' " shall Ix crediied with Iho bulum:c rcmuining f��r atl inrtullmenls tix ilcm:�(Ul,lbl und (cl und uny mongaga inrurLnce .�,,,�.
<br /> i • premium ins�ullment thut Lendor h►►s n��l becomc uhliga�ed�o puy tc�the Secre�ury.unJ Lender xh+�ll promptly rrfund uny , , y'y�--��`
<br /> ' excesx fundr to Borrower. Immediulaly priiir tu u Ibn:cloxure�ule��i the Proprny i�r ih acquisi�ion hy L,ender.&�rroweri+ h ,�� .�ti�.,,
<br /> . � � uccount shall be crcdited with uny 6ultuice r.:mnining fiTr ull instullmems ti�r iMms lu).(h!imd lrl. '+�•, ���� �����-
<br /> ' • , 3. AppllcAtion af Paymantr►. All puym�:nlx undcr Par.�Rrrphs I unci 2 tihall lx�upplicd hy Lendcr u+fuUows: �°�;;,,, �,
<br /> FIRST,to the martguge in�:ur�ncr premmm lo be paid hy I.ender to the Srcrctury�x to thr m�►n�hly churge by thc �' ��'���
<br /> � Secretary inxteud of�he m�x►thly monguue msurance premium: ; ; ;
<br /> �� ' � $��OND,la uny tuxeh..pccinl u.yex.rnants.IeuselHild puyment.��r�r�uu�J nnls,und lirr.fk�od und uthar hu��urd . �
<br /> u
<br /> - -- . msurance premiums,u+rcquin:d. � ' `�"•` -'•
<br /> THIRD,tn intercrl Juc unllnr tliu N�NU: � ���';,>,� ���4:.;
<br /> �'Ot�RTH.�n ami�rtizution of tha principul�ri'thc Natr: 'S"''�-
<br /> �,,`'.,'
<br /> �; :� p�.lo I�nc churgeti duc undcr Ihc Nole.
<br /> '' 4. Fire.Floud and Other Haxurd Int�uranre. B��rro«rr shall intiun aD impruvrm�mti un thc Propeny.whelher nnw �' �":
<br /> � i��: I in exi�tence or�ubsequcnUy crecteJ,:�F!uinr:�any haiard+,ra�ualtw+, und cnnlin�trncicn. incluJin� fire,P�r which Lendrr � ����:
<br /> ' require+in,w�u�..c. 7'1�i+in•ur.►nc: ,hall h�rt;iint:�inrc�in!hr:,m���m�;�mi(or th�{x�riaiti�hut Lcnder reuuire.. Borruwcr ;,��'
<br /> � � shall ul�o intiure ull impmvenu:mr.im�hc Prvr�x•ny.wh�thcr now in�si,icnrenr.ubtiequcnUy erected,ugainsl lox.My tlaxls `. , ,
<br /> to the ex�ent required by the Secrcuiry. All inFUrnnce+hull lx�runi�J w i�h c��nip;mi��;�ppn,vrJ hy Lcnder. Thc insuran�c
<br /> � po licics an d any n:newa l..hu l l h c h��l�l h�� L�n�1 c r i i i i�l �hnll inrludr los+ p+�yublu rluuscr� in iavpr of, and in u fomi f
<br /> i occeptablc to.l.cndcr. ' ; _
<br /> In the evcm of liisti. Barro�vcr rhull giae Lcndcr immediatc n�nKC by muil. l.rndcr msiy mukc pr�x►f of lu+. if no1
<br /> mudc promptly bp Horcow•cr. Euch in,umncc cumpnny runccmcJ i.hcrrhy uuil�►riird anJ Jimrt�d to mLkr puymunt ti�r : �:
<br /> such lass directly��►Lender.in.icuJ ut'��i Bum����cr:md In Lender juintly. AU ur any pan i,f th�insurance pnxeedti m��y txe
<br /> ' upplied hy Lendcr,ut it.opliun,riU►cr��u t���h�•redurtion ui thc indebtrdne+.w�lcr the Nnt�und�hi.Sccurny Instrument, •
<br /> fint to any dclinyucnt umountti:�rri���d in thc urJer in I'uragra�h ;.a�xl Ihrn lo prrpi�yment of prirkipuL or(b) t��the .
<br /> ? �estoration�x repair o(Ihr Jamngrd propertv. Any s�pplicution ul�hr pnkrcJti io the pnnripul+hull not ex�enJ ur p►stpmc
<br /> 4 �he due dun��f thc monlhly puymrnlr. �vhic��n:rutcrced tu in I:vaEraph',o�ch;�n�r thc amuum of�uch p��ymem�. Any
<br /> excesr irmuruncr prnccrd.uvcr im wnuont reywred a►puy aU uw,tand�ng mdrMrdne..uiHl�r thc Note and this Secumy
<br /> � In.trumcnt shull hc paid tu ihr cnlity lugully cntiticd Ihcmtu. . . ..
<br /> ' In the evcm uf littcclu.ure uf Ihi�5erurily In+.trumem��r���her Ir:u��l'er �,f titlr ia ihc Prupcn�• �hat rxtingui.hr,Ihr i .
<br /> ' indcMrdnc,+,all ribh�.tillr imd intrre,t ui N�irr���rrr in;md ta m,urunrr pohric,m li,rra�,hall p:�..di thc purch�.cr. .
<br /> 5. (lccupunev, 1'reservytion, INuinh�nunce und ProtecNon oP Ihe Properl�; Nnrrower's Luun Applicattuo; :.
<br /> � I.casehuld!t. Burtmvcr�hull �xcupp. r•tuhli�h.and u��Ihr Pro�xhy a� HorruKrr; �1f111C1�111I fC�ll�l'lll'l' ��ilhin ��xry duy�
<br /> ` afler the excruli�m i�f thi+Scrudty Inrtromcnt and.h�dl raniinur tu arrup}�hr Pr�,prny a.Fiarru���er�prinripul re.ukncr ,
<br /> . for ut leu,t nne yeur ufler Ih�d:nc af��ccupanc�•.imlr�•Ih�tierrc�arp Jelrnnmc�thiti rcquirent�m��•iU c:iuse undui ht�rJ+hip
<br /> , for Bortow•cr. ��r unlc.+ r�t��nuutinp .:iruuin�timr�, rxist which :�rc Ix�•aiKi Bnrn,acr� rumr�,l. Rom�w•rr +hidl nrnil'y ,
<br /> Lenders�,f any cxlcmiutinE cin:um�umrc.. liurn,�vcr,hall n��l rumnut ��•a.tr nr�i.�.tr�x.danui�r ur �uh,tunlially rhungr
<br /> � ; the Pn�peny��r t+lloa•thr Pn►prny to cictenurntc.r�a,unaMr��r:u and I�:u�rcrplc�t. Lcnd�•r nw� in.perl thc I'ruExrty if Ihr
<br /> Pn�peny iti aaranl iir ahundunrd ur�hc lu►in i� in drf��ull. Lrndc� ma� t:ihr rr:i.un;�hlr:i.ti�m 1�,prnicrt:�nd prc+rn•c wrh
<br /> • varunt or ahandonrd I'm�x•rly. liurn���er .h��ll ul��� hr m drt:udt il'�lic,rruwrr.during thr I�mn :�ppli�nliun pnxr,.. �:uve
<br /> � mutcrially ful.r i�r mur.•urot� inlimniui�ro ur .Iwemrnt, �r Lendrr lur laiil�d a, pr�n•idc I.cndrr u ith any ma�cnal
<br /> infomiatiun►in ronn�rliun��•i�h th�•I�um r��idrn.•rd hy�h� V��Ic.inrluiting.hu1 n�,� limitrd 1�,.r�pmunl:�Uun�ronrrrning
<br /> Borto��•rr�urrupanry��I'ihr F'r��}�rty .n;� pnnrip:d r�.idrnrr. 11�h�•ti�•rum} In,trumrm i,�m a Ira.rhuld.Nurcuµrr,hal)
<br /> � c��mply wilh thc pn►vi.ion��,i�h.•Ir:��i. II R��rmwrr:��i�uiti'.I�•r li�l.1��tlt.• I'tn�,erl}. Ihe I�:i,ehul�l:uiJ lie lidi�h:�ll n��l
<br /> bc mcrµrJ unlr,•Lrndrr u�:rr��I��thr m��r ucr m��nnn�.
<br /> ; 6. ('hur�te+to Borro��•er and Nrolerti��n oP I.cndrr'�NiRhb in thc I'rup►rt�. li��rru��rr,hnll pm :�II g�+�rmment:il
<br /> 1 or municipal chur�:�,,fmr.and imp�„i�i��n�th:a ar�noi �ncluJcd in Par:��ra�,h'. liarru�crr.hnll p,�} dic.r uhli�atiun.o�
<br /> � timr dirertly 1�, Ihr entily �+hirh i.u��ed dte pa)me�u. II failurr t���r,i� ��uuld .�d�rr.cl) :dlcr� Lrnikr� mierc,t in th��
<br /> , � I'ra�xrty,upon Lcndcr�rryur.i linrrm�cr,hnll prnmpllc t'umi.h�u Lrn�4er rcrript�r�idruru��Ihr,r p:��•nirnt+.
<br /> t , It tium��vrr 1'uil. tu maAc thc.r p.iyincnt���r Ihc p:��nu�nt. n��u�rrd I�� N,u�a�ra��h '. ur fail. tu�nrtimn :my ulhcr
<br /> � . . . �. � :...�.: c....,...t..............� ...�J........ � I..n.J nr.r•.�.alin��thul�ual\��If�lll�la':IIII�Y :1��1'l'1
<br />� WrcOnllin dlhi d�,fi:IIICRI'.lt:t:I.uutit: tn n�t•-n�.,���; ����.� ........ .. ...... ..° ..:... �- . .. - . .
<br /> LrnJrr�riEht� iu Ihr I'ru�x�t���tiuch :i�a prn�redin�: m h:mF.rupti�. I�.i :�m�lrnurmnn ur i����nl��rrr la�"ar rcEuluuiNi��.
<br /> • Ihrn I.�ndrr may Ju and pa� ��h:uc�rr i.nccc.•ary lu pt��t�•:t U�r v:ilur ut Ih�•I'm�ur1� :md I .nd.r'.ri�!ht.u�Ihc Pnqxm.
<br /> � includin�;pa�•ttnnl��I laxr..h:vard m.umnrc and u�hcr urm.mrnUunrd u�I:uaEr,�ph�.
<br /> � Any unmunh di.huncJ h� Len�trr undrr thi�1'aragiuph.h:dl hrrumc un.iJ�lui�m:il JrM„1 11��nu��rr anJ Ik..:urrd
<br /> � '. ��� '1'M...,.����i�Nltll���l:l�� hl'.11'Illti'IY•�t 1���111��lt•��;II�`��1 i�l���lll�t'llll•111.:11 I�ll' 1�Ill'f.11l•. :1111� 111 l�ll'
<br />- t i�� inn.���u���j -::4:::C::'. ._ . ..
<br /> I option ol'l.endrr..hall tx inunrdialrl��Jur:md pu�uhlr.
<br /> i 7. ('undemnatN►n. '1'hr prucrr.l���t anv a�►;�rJ nr rl:um li�r dunr,��r�.�tircit ��r r��n.ryurnn:d.�n r��nnrrurn��ilh;m�
<br /> � rundrmnutiun nr othrr tul,in�ul �mr raA uf Ilir{'ra�k•rt}.�,r tix cumc�:inn��n pla:.nf cundrmnahun..�rr hrr�•h� .i..i}n�•d
<br /> I ulld,h:111 l�l�11ut1 lt�I.Clldir ta Iha c�tcnl l,t IhC(ul):un�,u�tl ul thr IltdChlCd�M.•Ih:�t I�nt.Utl.u�l��:ud undit IhC'`u1C.�I�d Ih�.
<br /> ticrurity�lintrumrnl. Lrndrr.hall ap��ly•uch pro..�rd.t��thr irduen�m��f ih�� mdrh�rdn�•..undrr ihr ti��tr and�hi,Sr.wu�
<br /> ,! (n�lrumcnl. tir.t lu :mr delinyucnt :�mutun. upplicd in Ihr �,rdrr prm idcJ m (':ir,i�i.iph ;. .�nd ihrn ��� p�rp:iviirnl �,t
<br /> r��,,,�r�i. n��y �E,r��•:����,�, ul the prn�rrd. tu �hc piu►�ip:d .hall nut rvrml u� pn.tp�mr ihr Jur d.i��• ot thr nunuhl�
<br /> �, �
<br /> ��.,.� :•.���,.,�,,,
<br /> �
<br /> ,: ,
<br /> • � _ _
<br />
|