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<br /> �� . L �f�i�ll�uit ri L�lel+''r!jn�1�ww�taW pi�r w�iM irt re peiiti�t�i�iri iiwNte�: ' � '.
<br /> iiit�tyrN�Mar:i����i��irilWM: . : ; . - : � . . . - t`.
<br /> � 1 Y�� �'i��i�e�a�i Oi�r �aezv�#�����I� ' .
<br /> , • ���ii i�r 'a�ii1eue�t�rt/ai i��s Na�s��IMS elqe�.rw�Mt at�►{1��
<br /> ai�e�iii�l�1�Irt 1iw1�l��ri111rf�tr�p1�e�.ie} p�arp+a�di�-ia�1a a��tl�e�oNet�±� . ' '
<br /> (aj's�i�slori�wrworr�e�b3'�4�'�' . ., � .
<br /> . � . . ��i�i1Y►i�la�t icr iMies p�(b)�■d(c�i�aq�ni t'�a-t�`1AM of die aMau�t areo�er,ai rei�4�41y, ,
<br /> ' aili�sr��i..�.L�a�w �le iwo�i�t wdCicie�it IQ iriri�irt a3�i�o�m�1'bYreot �r�ot mo��s oee�si�ttlt d!�c - _.
<br /> } . �Ii1b�aso�ls. �hil�d�wo�t�aC a�ile�i�li 6�iO�M�d:b�►L�����R� ` � ..
<br /> �o�l r p e t o�e��i l a N M a�1 d b e o a i�e d e i i q�t. I�d e r a i�.l i o W d i e��co�eclad ae asat b p ry�ns(s�,(b>a�d
<br /> ;(c)bel�ae�e�r beca�e del�q�. .. .. � � ,
<br /> . U at iay ome t1e wlat of tk, be�d!ry i�eod��s far ilans{a�(h?�d k?,. with t6e fi�e a'�1y, .
<br /> payae�ec�ac�.i�easa��k to�prior 10 dne dre d�1es of a�b i�eirK;e x c e��nare thr a�e�wci IMe, .
<br /> � r,a�wed�mo�c af �op�y weh ilams�rben du�aoa,if a�n dre I�a1e a�t c�erent;�l.a�da -
<br /> ' .�d1I ti��d d�e e��as�-si�i oi t6e ts�mred qa�exoess o�aae-�IY d d�e exiaMed . °
<br /> ���PY��bY Bor�a,�t ibe apias�l��e� I[t6e tael d d�e payn�aKs t4�de by Bw�o�w�er.�
<br /> r a r a a�t*�(b).ar(c?�a n�Q'icid�t q pay tbe ieem w�an due.dKa Baio�rer s6al!payr b l�ender asy aaiowt aeoass�r 1a
<br /> � m�lra ap the deticiency oa a befae die da�e l 6 e mm b e c o m e s d u e. �
<br /> l�3 YlDQ 11�l�5 SOC�j'�.~�ECl�j!�ID6ani t�1C$OCI�(�O�KOItS106�11d ut�11�YE�l�Q�llf Of�1l1
<br /> f�tl=11CC.117�1j►xC�IA 9Y�1fCtt 1GC Z.lIIdQ QYift plJ/i OIOR�$C�6S1Qi110E Q[dltt11A1 iQ1�1E$tQCtiry.E�Q10�►pR�
<br /> � s�Wl abo inchd�d�her: f)�n umtallmeot of tbe�nwl moctg�ge i�e peaiium to bc p�id by I.eeder no tbe �
<br /> �'�Y•a Cti)_s�y��of�mo�l�e�u�noe.pcaai�un if this S�ty i�u�oner�t is bdd by tbe
<br /> • ' Sec�et�cir. �?tch ma�nhly n�aWa�toithema�t�ge�ur�noe p�emiuin si�alt be in�n�maaat aufficieat tQ accauwlate die . ,
<br /> €u1t aenu�t moREs�e irrnu�ace p�emimn witfl I.cnder aoe momh pnor to i6e d�tc ahc full annu�!moR�n�"e
<br /> ptp�am a dtie t�the Sec�ewy;or if tLis��y Inmana�t is beW is�r tl�e Secrefacy.ach moWhty durge be m�u
<br /> - amom�t apal�o aoe-tkefftd af ono-halE�oent of tbe o�g pnnc��l b�t�noe due on die Npoe. '.
<br /> �Barmwa tc�nders to l.ender_d�c fnll payment of all s�ans secuied by t6u Security I�.BormwerTs account
<br /> � slall be aadiocd vYid►the b�ltnoe t�dmainirt8 far atl i�tallmeats for,itans(s), (b)and(c)aW any mfxt�e in�u�a
<br /> • peemium InsWhnmt d�t La�der hai aoc become o6ligaud to pay to the Sa�retary.ud l.eoder aha11 promptiy�etund wy •
<br /> ea[cesg fmds to Barowcr. Immaliauly ptiar w a foixlosa�e sale of the Plnope�ty ar its scquisition by I.ender,Bamwer�a �
<br /> �cccunE sMll be ciedirod witb aay balmceranaiaing fas atl iastalla�ts fnr items(a},(b)wd(c).
<br /> � 3. Applicatjoa ot P�tsenb. All pay�nents under Pniag�aphc 2 and 2 shall be applied by I.ender ag follows:
<br /> • $$$Z,w the mortgage insw�uxx premiwn to be paid by Leader ta the Socnetary or w tbe monthIy charge by tbe .
<br /> . Saxetary instr�d of tbe moathly mortgage insviance premium; � .
<br /> ��jQ,w aay ta�ces,spxial assessments�leasehold payinents or ground rents,aad fin.tlood and ather ha�ard
<br /> -, insur�cG pr+emiums.as raNatd;
<br /> --_ �,to inteRSt dne ander the Nat� .
<br /> _ �.w amottization of the p�ipal of the Note; , ' •
<br />;:r; �,to late charges due under!�3i:�ote.
<br /> 4. F'me,Flood�od Other Hazard�ir,soe_ B�rtowes sha:➢msnte all improvemrnfs c�n the Property�whether nuw
<br />= rin existen�x or subs�c�etnI�erected.agamst anY�.s;rasuatties.and contig�aes.includmg fire.for which Lender
<br /> - ; ..c�aqai�s ienwirance. 'il�ns'tnsmocxe shall be rt�ainta�3��ihe amounts and for tIie qeriods that Lender nquircs. Borrower
<br /> � �,Y,� ..�sbalt sisa ur�sure all impmvements on the Property.w:�ei now in existence or subsequently ece�-�ted,against loss by ftoods
<br /> ��l"- to the e�uenr nquired by the Secretary. All insurance shall be carried with campames approve�by Lender. The insurance
<br /> 7.;7�::,.1...-. QE
<br /> T�:�� ��-�t policies and any nenewals shall be held by Lender and shall iaciude loss payabte clauses in favor of.and in a form
<br />_ .,� �` •'"`''` ' acceptabk to.l.ender. �:--
<br /> � ����`�'�" " In the event of loss,Borrower shall give Lender immedia[e notics by mail. Lender may make proof of toss if not �;:-
<br /> ��
<br /> -- _i_..'.".":..:^t_' �_.
<br /> -- .,�;.:.••.;,,-.;. .. made pmmptIy by Borrower. Each insurance company concemed is hemby authoriaed and directed to make payrnent for
<br /> '- '� =� ' ' such ioss directly to L.ender,instead of to Borrower and to Lender jointly. AQ or any part of the insurance pmceuts may be �<"�-
<br /> � .�+�'ix; �� • ` applied by Lmder,at iu opdoa.either(ay to the reduc[ion of the indebtedness under the Note and this Secunty Insp�urtien� __
<br /> .�,-}'. , � firat ta any delinquent amounts applied in the order in Faragrap!r 3,and then to prepayment of principal,or(b)to the _
<br />• - reswration ar repair of the damaged p:�e�ty. Any application oPthe praceeds to the principa!shall not extend ar postpone • -___
<br /> ' • ' the due date of the monthty payments a�ich are refe:red to in Paragraph 2,or change the amount of such paymenu. My ,_,;�'�
<br /> ':°'�i� " ': � �� excess insurance proceetls evet an at^-3:::�t req�eir�rY�ay all outstandin� ir.c:?�tedness under the Note and this Security (`.;'��,,�•.
<br /> �.��'`;,��` • �•.' . lnstrument shall be paid xa tbe entity lea.37iy entitle���srreeto. �'f�' � :,
<br /> In the event of forectosure of tY��s Security Ir.strument or othE.r.r-sf�r of title to the Property that eati-i;ashes the .�•�;,-`.;
<br /> . indebtedness,all right,title and interestaf Barroivcr inand to ir:sw-�:�}�oticies in force shall pasti to the purchaser. �
<br /> ��1;'`.`- " ' S. O�upancx Paservatton,Maintenance and ProEec��i.:�oP the Property: Borrower's I.flan Applkation: ''�
<br /> . %`... . Leaseholds. Borrower shall occupy,establish.and use the Pro�z^. as Borrower's pnncipal recidence within suty days f .. . '�.�
<br /> � ���.;'• �• • �-�-°� � after the execuiion of this Securiry lnstrument and sha:i continue;o occupy the Property a+Burrower:s principal residerice �- .
<br /> �,��:� for at least one year after the date of occupancy,unxes4�!�.Secretary detertnines this requirement will cause undue hardship
<br /> t+- • far Botrower.or unless extenuating circutiistances ee'st whicli a:� �eyond Sarruwerti contrul. Boaower shall notifv�
<br /> • � .-,..'i, ' Lenders of any extenuating circumstances. Borrower shall notcerr.:�t waste ar destroy.damage or tiubstamialty char.,k� , ' .
<br /> � ''- f` the Propetty or allaw th$Ptoperty to�'�teriorate,reasonable wear a�tear excepted. l.ender may impect the Ptoperty if£�e .. - _-•
<br /> � .: ' �'���' Property is vacant or a�sandoned or the Ioan is in defa;:lt. Lender may take rcaconablc action to protect and preserve such
<br /> "` ���� � �� vxant or abandoned Property. Barrower shall als�be in default if Borrower, daring the Ioun application n�ocess,gave � � �
<br /> + . � materially false or ir.a;,curatc information or stazer.:_nn to Lcndcr Iar failed to provide Lender with aav materlal C.
<br /> . � � � ' information)in connection with the loan evidence�b� th:i�ote,i^cluding,but not limited to,repmsentativr;s concem.i�b •,
<br /> `• �, '. Horrower's occupar4cy of the Propertti a±a princip�l re.idence. if t!:��Security lmtrumcnt iv on a leasehold.Borroa�er s?�at �, �
<br /> ��. � � , camply w��4�e provisions of tfic tea�e. If Bnrrower ncyuires fee title to thc Propeny,the IecuehuW asd fee titte�P��tI sra:
<br /> - ... _ .,.._.._..:._ be merged nnless Lender agrees to tha�nerger in wr�ting.. �. � , ,
<br /> : 6. Ch�rses to Bonower and PratecUon af Lender'A Rights in the Property. Borrower�h:sll p�y all govemm�ntaI :
<br /> • . .' or municipal charges,fine�und impos4�ioas tha�a�e nat�included in Paragraph 2. Honower shatl p�ay the�e abl�gat'xons an ! '
<br /> _ , � � • time directly to the entity which i�:oued the pay�ent. !f failure tn pay a•ould advenely affect Lender's•interest in the g
<br /> � . . , Property.upon l.ender's requect Borrower sh�ll promptty fumish to Lender receipt,evidenring thetie payments. ;
<br /> — :�:��+ lf Horrower fail.s to make these payments or the paymcntr reyuircd by i'aragraph 2,or fails to perform any other �
<br /> s,; - :•-� , covenants and agreements contained'm this Security Instrument,or then is a lcgal proceeding that may�+�gnificantly affect ; ;-
<br /> �;,,� _ ._.,__. _ • Lender's rights in Ute PropeRy(such as a procexding in bankruptcy,for condemnation or to enforce lawti or regWations), � .
<br /> - 3• - ihen Lender may do and pay whatever is necessary tu protect the value of the Praperty and Lender's ri�hiv in the Ptoperty, �
<br /> . _=1 . • �. includingpayment ottaxes.fiazan!insurance:�td nther items�hentioned in Paragrapb 2.
<br /> --- --.- �------ Any amounts disbursed by Lendcr under this P.uagraph shall became:u�additional dcbt of.Horrower and be secured
<br /> '; , ', by tius 5ecnrity InsUUment. These amaunts shall brat interest fmm thc datc of disbunement.�t the Note rate,and 3t the •
<br /> • • op��on of L.ender.shail be immediately due ar�d paya8le. .
<br />' 7. Condemnatk�e. The praceeds of any award or claim for dam�ges.direct or conscyuendal,in wnnecuon with any
<br /> '"�•� ' candemnation or othtr taking of any part of the Property.or forconveyance in place of condemnatinn,are hereby assigned �
<br /> • � .,.:� ' : and shall be paid to Lender to the euteM of ihe full amount of thc indebtcdness that remains unpaid undcrthe Notc and th�s `:
<br /> __ -`-� � Security tnstrume�t.I.ender xhatl apply such praceeds to the reduction of the indebtrdnetis under the Nnte.an d t hi9 5ecurity �__ _
<br /> - � � -u°��•� lnstnunent. fust ta any deiinquen!amounts applted in the ordcr provided in Parsgraph 3, and then to pmpa�ymenf of •
<br /> '��_ :�:' pincipal. My applicadon of the praceeds to the principa! shall nut extend ur pustptme the due date of the monthly �• .•.
<br /> . :r � . ' Ipa4r2nf4pqee.�i �..
<br /> � ' ; • , ' �� • .
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