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<br /> � ` � - � � �� �' . � . ; , � t93' � . , �. . � . �
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<br /> ` , �1. r�,�,.�.c�rrrdw,I�ia+ai s�i.�te c�.r/� eoiiv��u p�y wks aue tbe pri�C;pd o�..a��at ao. .
<br /> � . itie dibt evi�ince�e7►�Not��lsiectw�es d�oeder tbe No1e. ` � . . .
<br /> _ �7 M7��;nze�,I�a�ce a�i Utbet Clr�s. Sormwer a6�A include in a¢A ana6ly payment.
<br /> `>ored�er xith tha peecip�l wd arlec�is xt faAh in d�l�ole�rld�ny We cltu�a.lia ia�tl�reet of agr�)t�ca 1nd
<br /> �ec��kwiod a io Ue/evjed agiie�ehe PYapaty.:(b}(�e�telroid pa�tmatts ar�ra�rd t�eats ou 1be Prope�ty.ied
<br /> c()�emiums fa iQwaote tequited by Pf�tageapb 4.
<br /> • �.�cb moMhly i�stalimetn for items(a).(b?aod(c)s1aU equil one-trrelMt ot the ao�wd�nount�.s te�ae�btg
<br /> �mted bryr Lmder. �u xnoaqt suff'icieat to m�u�tain an sd�6a�1 bJtnse of na mee�e dw� eoe-sixW af die
<br /> a�rnrcd amoants. �fall amwi�.for each iiem slail be�oct�mui�ed by Lendes wiB�t a petio�ea��aoe
<br /> aiomh befa+e�u isem•�rould beconie deW�qum�. Leodet sLai!baW tbe�ounts colleetrA in Wst w pay ioans ta),tb)�od
<br /> . � � (c)betaee tbep becaa�delia�et. ' + ' . - �
<br />-- '-.__-:=..-._=-IEat.aayTnme_th�wql_ufi�e_PiYmmts.hid-bKl��far iuins(a),(b�aod(c).tagetber vndt the fitpur m�ay
<br /> � paymdots fur such itnhs qyaWe ta i,en�er pnor#o - - - -• - --- -----_
<br /> � � aRimxod atnount of PaYmeots ieqw�d tngty sucfi.items wt�en t�e,�ad if�}ra�erus at the Note�te curte�M.tl�a�I.ead�er ,
<br /> sbd!eit�er iefimd tl�.exvas over aacsut6 af d�e�WY�ar c�edit tHe exoesg ova ane-sixth of the�
<br /> � p,y�e���4�P_���Y Bormwcr.at thc optien of Bormwer. �f�mraf aE Me Qaymaeta msde by Barower
<br /> �'or item(a).(6),or(c)ss�.w pay,ttie iteae wheu dr�,�Bo�mwerstmiL�zty o��der a�ry a�nount eecesseY w
<br />- p�laa up the deficiency oa acb�tbe dsta�e iLem 6ecoraes due. .
<br />-=— As ased m.tdis Sa�itq�ti'wmmt.-"Secrctaiy"�t��TY af Fiausing:a�Ct Ucl�e Developmau ar his or het
<br /> --- designee. Ia a�ye�m whicle t6e i.ender att�: a matgage inauance p�tn.tbe Secretary.ad�moat6lY WY�t"
<br />_- 5�1�1 7�50�I1t�C CU�tC?:• (i�3R /1151a��a��1C �OI11L'1�f�fl[t�igC IASUf.10CC��fnlIDilIIl!t0 bC���.C11dCf t0 IhE
<br /> Sd�y.or Cli)a moathly chuge mstead.of s matgage insur�oce,p�emiam�f Wts Socurity Instnunent�s heW by tLe
<br /> -- . SaQetaiy. Fxh monthly�t of the awctgag��in-au�xx praniusn�shalt bc in�amount s�icimt w�tate the
<br />_." - . ' {�-��mortgage ipsura�ce prem�Widi[.eada aae manth�to�e daz+c We full umu�l mortg�e i�nsorince
<br /> - • p�emium is dut W H�t Saret�cy;ar if this Sacu�ty Insunmeat is 6tld b�r tBe 5ecra�r:raclr moathly chatge sba11 be in an •
<br /> _ _ - �pnount oqual w a�eawel8h ofa�ne-Hatf peceent of tl�e oiustanding p�i 6alanae due on ihe Nbt�
<br /> —= If Bamwer tenders to L,endes:ffi���a"sym�nt of aU snms secuzod iry this Sec�uity Insmi�ra�R��Borrowa�s soca+nt� '. .
<br />- sh�ll bC Credilld Wid1 tbe 5ai�r�f0[aU in al mrl��fOf i[!lILS(a),(b)aod(C)and'anY moRga$a u�u�ce
<br />_� _ _ pnemiwn instalLnent that�6ag not bccome ob�to pay to the Secc�etuY.�od Lender shali nfuad an
<br /> , euxss funds to Bbmnwer..Iar�atety prios to a face�ia�iu�sale af the P�op�rry ar(ts acquisiriun by l.�e�n�d�e�r.�Bortvwer�
<br /> � accoe►t shaU be ciedited vvi�e c-ay balanee remaining focail�nstalhneuts for items ta?.lb)and(c). . :._ ���
<br />,�#� ��' : 3. Appiicatloa a1 Ptyments. Al1 payma�ts undei Pdrag�apbs I and2 shail be appred by Lender as foIIowa:.�.'-�' • _�--
<br /> •��L._�.
<br />-- ��� '� �to the moitgage insurance premium w be paid by Lender tu the SecretarY or to the monihly c6arge by thc �'°=._�:�_-
<br /> ,''� s-- :, Seeneqry insuad of die monthly mortgage insurnact pt�e�wum; . . ' . _-�__
<br /> - . ;�;,.�. � �p,to any taaes,spxial assessments,teasehold paymenu ar�gmund rents,and fine.flood aad other h�i . ..,�� " �—
<br /> %��
<br /> ,"'; -�:.�_ insuraace premiutns,�r�quim.d; � . � . ="- _ �
<br /> :'• ; =- . �w inteiest due uades ttx Note• _w"`
<br /> ,� ��, . .:. �m anwr�of the priaapalof the Note: =: _
<br /> . �..���i�� r�. • D�.W 3ate cttarges�ine uudertfie Nr;re. E„r,�..,.. ._,.
<br /> � �x,� --- --0�Fi���aod aad�r�I�.�,zaace.-Bouuwer shat[in�ail impcavements on the Property,whether naw -
<br /> ,., , in eaistence or subseqaetttt�`�ed,aga�st any hazards.casuaI[ic�:��.cuanagcncies.including fire.for wTcb Leader �y
<br /> '`;-"t-' �, icquices;,,��^�• 7his ia.�ce shall be maintained'se t�e amounts asd for the�iflds that l.ender requi�es. Bomower ,::,r:;:"'"_�;:
<br /> X11;�..,- ,'% .�1I also insure all impro��ts on the Ptopetry.whet��w in existe�ce os r�b�a�ntly�tected.agamst toss by t�oods �E.:;�i+f�.,�'�r
<br /> , �S,i;. �.•,t;;;���xr;«
<br />- ''�•� ;�t`:�;� w ihe extent mquired by the Secretary. All msurance sha:i€�e cavried a:��,c�^�a.�ies aAproved by Lender. The insurance
<br />_ ��,;� , �. " policies and any.renewals shal! be held by Lender and sha11 irtct5�e�..i�ss payabte clauses in favor of.and in a fortn `�•'r' _
<br />_ 'i:i�.f ' i� . �. �blC�O��.CIIdCG � .� � —
<br /> • In the event of ioss.8oaower shall give Lender immediate ma<��e by mail. L.ender may matce proof of toss if not �� � .."��..
<br /> ;•e��z,_'_' " �p�puy by Borrower. Each insurance campany concemed is hereby authoriud and directed to make payment for � , .��
<br /> � •:��,;:_.c stx.fi'loss directly to Lender.instead of to Borrower and to i.endes}ointDy. AII or any part of the insurance ptoceeds may be : ;;�
<br /> � ••'.'�:.•r:.: .�" , app lied by Lentkr.at its opdon,eithcr(a)to the reduction of the inde�ir�ness under the Note and this 5ecunty Instrumen� , ��: `*
<br /> ;t`;:' ,}: -�:. .�_-: .. •„ F ..-';:.
<br /> „• __ , • first to any delinquent amounts applied in the�rder in Paragraph 3_aw.�then to prepayment of principal,or(b)to the � , �.. �; ,-_
<br /> ''t'' ep g P Pe, Y Y PP P P � P P°�°
<br /> '••i• . restoratian orr air of the dama ed ro a . An a lication of the. r•aGe��to the nnci al shall not extend or ne , +�. ;�.•; � ��
<br /> �� '-��' � .�;�` � ' " '�-''}: the due date of the monthty payments whuh are referred to in Paragraph 2,or change the amount of such paymenu. Any ':. � � -:
<br /> '.�.�1•;�'�i;•.�.t�; _- -.::lr _ . ::-.,::t.'7r-�i�..
<br />.. - ;��.,i;,,.,,, excess inswance proceeds over an�noant rrquired to�aay all outstanding'indebt�dne�.s under the Note und th�s Security :;;..�.:;.�<<�t, � ,,s
<br /> ��n��,S�,�,���';. .. InsUnunent shali be paid tat�entity tegally entitled ther�z�. , iG'. �,�; . '
<br /> .::.,�� In the event of forec�-use of this Security Instn*.rtu�nt or other transfer of r.Fqe to the Property that extingu6�the ?;;:.:>:;s:;�::�•. •.
<br /> -:._;: '; : indebtedness,all righ�title and interest of Borrower in a.��*o insurance�olicies in force shall pass to the purehaser: "_•;;,�,i;:r�1;�;. � '
<br /> - S. �ncy, Preserva8on.Maintenance ant�Protecttoe csf t6e Property; Borrawer's l.oan Application; ;��,;i:_. , � ;�:�
<br /> ,1'' �:,.� , Ldseh0l¢� �orrawer shall occupy.establish,and use c,ae Propert;�as Bomower's pnncipal rc.idence within sixty days , �'-•�' '' : j' •
<br /> �"�< : ;r ., : aftsr the ex'ecution of this Security instrumeni and shail�o:stinue to occupy the Propeny�Burrower's princiQal restdence �.:"::i. . • : ,,
<br /> `- r,r�:,i�..
<br /> for at least one year after the date of occupancy.untess rh,Secretary detertnines this reqwremeni wiil cause undue hardship �.,:�,�.j.� ....
<br /> ` for Borrower.or untess extenuating circurtistances ex'rn which Are heyond Borrower:s comrol. Borrower shali notify ; ;�,�:�-:'; • �=�`_
<br /> "�;' c'"' ,, '� - Lenders of any eatenuating circumstances. Borrower shall not conmit waste or destroy,damage or substantially change -_
<br /> '��'"' • •��•- � � the Property or allow the Property to detezn�te,reasoreable wear and srer excepted. Lender may mspect the Property if the , ` _ • ��
<br />`�c. ;. ..:. • . .. ..... ,,;
<br />�,;�� ���-.: ' • � Property is vacant or abandoned or the t�::,�"ts in default. Lender mav salce maronable action to protect and preserve such `� � �, :
<br /> ,... .
<br /> _ •����:.� vacant or abandoned Property. Horrower s3�a11 also be in defauft it B�urrower,durin�thc loan application process,gave , , i�,•,{,���,;:,,`.,._�. :''`-
<br /> �� . i ,r - materiall� false or inacc���:r mformation ar statements to lxnder (ar failed 1cr avidc l.ender with an matenal ��"'�°�` � ""'�
<br /> � y. ,,�t,;•:�...
<br /> :4` lnfom�auon)in connectim wiJ►the loat�evidenced b��the Nate.including:but noc�im�ted to,representations conceming �. ,�,;5s�:;`� �, .
<br /> - _ Borrower's cecupancy of the Property as a principal residence. lf this Security Instrument is on a leasehold Bo�rwer shall ,
<br /> = compty witIt.�provisions of the lease. If Horrower acquires fee title�co tha Property.the leasehaid and fee title�sball not ; , .
<br /> :.— be merge�r�*:as Lendes agrees to the merger in writing. ; � . • .
<br /> 6. Ciarg�s to Horrower and Prdection ot Lender's Righta in ihe Pruperty. Borrnwer shall pay all go�•emmeniah ; ���- . � �---
<br /> �municipa.xcharges,fit�es and impositions that are not in.^iuded in Psuagraph 2. �8onower shall pay Utese obl�gatiotlb an � . .
<br /> tiome direct?y to t h e enuty w h ic h is ow e d t h e payme�;�. If failure to pa y wonld adverscl y affect l.ender's intest�t in the • . t
<br /> — ptopetty;t�,-n�,endei's nyuest Bortower shall prompdy fumish to Lender receipts evidencing these payments. ' . .
<br /> � 1f Bosx�a�t�fails w make these�m37nents or the paymenu re�uired by Parag�aph 2.ot fails to pedotm any ottrer j
<br /> ' eoypmus aet�l�ts contained i^:�+�s Securiry lnstrument,arxheze is.a tegal proceedin�tfr�ma�s�gcuficantiy affect � •.
<br /> l,mder's r1gE�'s in tbe PrnDertY(sucb as a proceeding in banlwptc�•.for candemnation or to enforce aws or regulahans), ',' �,: -�_:' - -- . •
<br /> _— - then Lender may do and�y whatever is necessary to protect the va4nt of the Ptoperty and Lender s rights in the Property. � � .
<br /> - i�cluding paymeat of taues,hazard insurance and other ite.�s mentioned in Paragraph 2. ;
<br /> pny mamounts disWused by Lender under this Parapraph sh�tl become an additional debt of Borrower and 6e secured � • • •
<br /> �yr thiy 5e�uity Iestrumen� 'It�ese amounts shall 6ear mterest fcorts dse date of disbiusement,at th�Note rate.and at t6e t; �� � . �
<br /> , option ot l.eader.sh�U be immediately due aad payabie. ? _
<br /> - - -?. r.:..�cr,,.:.��a.'ti�ps+�ai aa,•r s:eard or c2�m for da�iao�c,dimct nr cnriseqnential.�n conn?sao�with�Ry =� --�,: :_.
<br /> . '" . �oipdem�oK or other talcing of any part oF the Propetty.or for conveyance in place of condemnuian.are heteby assigned � , . ,
<br /> � �u d s b a U b e p�i d t o L e n d e r t o t h e e a t e n t o f t h e f u l l a m o u nt of the itidebtedness that temains un p a id wider the Note mnd this '• . •
<br /> _ :�_.T __ --- -s- _ � 5ec�ritY Imh4men� Lend�r shall apply such ptoceeds to the reducdon of tLe iadebtedt�ess nnder tAe Kote�nd this 5ecurity ��• ' . ,
<br /> . . �fnat to�y dei�guent annow►4��ppiied 3�tt�e c,rQet prav�ck3 in P�rsgraph 3.ssad tlt�a top�aymeat of ;------- - _
<br /> princ3�1. Any applk�tion oi the proceeds to the principal shaU not extend or postpone the due date of the monthty :
<br /> . -i: .
<br /> � . . .. fPn1K29/�Onde�l : . .
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