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<br /> - � _ _ f ' 1.`�ay�m�t at�*rtndp�?i Id�mltd I:a4e Cifarga �ostpwer sl�alf pay w�en�te tt�pris�cip��f,8€ad in!esi�st a�. �
<br /> ti�:�ebt cv,idensedtiytte Pit�et��te sN....,�sdt�cundes th�Note. , ��- • . .�: ,
<br /> - � �'Mon4�fy psyn�nts ot 11a�es,�sarano�sad.0t�er CEyargea Bamowet sttall iacIusl�in ea�t ats�thly Pal�mc�� . , '
<br /> - - eaget$ar,a�ith dte,�it�cigal end�st as 6et foit8�n t�i�'ote aad.aa�y I�te�Aarges:�in�tallms�t�f any(a)Isxes
<br /> _ -- — , �ecial a5sess�n�tts tevia�a�r tb be tevied ag�ainst the Ftcsperry.(b)2eas�hold pay�ea�s aa gttund rents aa tha PlcdPertY,aad `� .
<br />-= .(�)Psemiu�c fac insu�ace ce�iied bp Yn�g�4 � .
<br />�� . . . Eech mantZsly in�talim�far Ytems ta).(b)a¢d(c}shail equt�]on:-iwetfth "vf dte siu�ual umm�s,-as�isonably` ----
<br />;;: �stimatsd by [�r. dus� amwnt sufficia�t w inaiaftain an additFaaal bal�niao_uf�ot more thau age-siath of the
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<br />� es�tn�8 amuunts. 7iie fu!!aanual amaam for each item sl�all be aecum�aIated�y txcpder witHm.a�Peri�d g a�+e
<br />=- �hefors an item wout�beoome delinqaea►t. Lertrier shall hoid the amaums cqllected in ti�s4.wyay i�ems ).N?aad
<br /> �"- --- �-._:�--�,- 'Cc)beforet�eg�e��inqu�ut.� . �
<br /> . . � ` If aa any mae th.tatal of the�Qa�snents hzld by Leader for ite¢as i8),tb)aad(c).tagesh..��.vitb t�fun�e atanth�y ----
<br /> ----- - �i t�-��_:.�L.:t��,'..�h1a'=�.!mrE:a��r-�4l-t���2G(1�fES 0�-�1tCt!tiP,t!'ig--ex�A$jF�0I6 thaia rtne_ciith�a.---- -----`
<br />}. esumated amoun=ot paYm�nu�to�y.sac3�items wt�zrt dae.and if payrusnts nn t6e l�iarte ata c�u�en�i,the�Lendar . -
<br /> .� shal!eit�er cefit�d the excess over one-sin�t;af efle�dpaymeats or c�ed►t the exc�ss ouer aa�siath af the� -
<br /> F���b��F3Y��dl+Saraowe�at the optien of Bonower. If tlte total of the paym�made 6y Bornmv�r, _
<br /> far item(ak(b�.or(c)is insu�cieat tn g3y t�te item whea due.thao Baaower shall pay to Lead�r any ammmi nes�ssary m
<br /> - make¢p tfle , an or befaie the da�the item b�omes dt� ' -
<br />:Y'. { As�sed w�eauity Irutrumeut,"Se�retary.•aeeaers the Seaetary of Hausing aad Urbaa DeveIapment or his ar&er. -
<br /> , .F. )'�:.�'S;:,y' dcsignee• In airy year in a�hich the Leader mtas�t pay a mortgage iasura�zce premiuffi to the Secc�az}r.eacb man�tY RaYtne� -_-__-.
<br /> - _�'y n�-' f slu�fl atso utd¢de eithe.r_ ('i) an inctAltm�..ni of the annual motsgage�ius�u�nve ptemtwA to be paid by�Lendss m the _.
<br /> _•�-�� � Sec�rary.or(d}a mo�thly ct�ge iastead of a mmtgag�e insivance,pr�[num if this S�anry Insuaaua�t is hetd by�rhe -----
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<br /> - � ,�w Y_,z,-.,;Y•:•�;�°�.- . SeCttiaty. Eac�h monthly i�stallmeat of the atart�e ms� ��s piemimn shall be in�amaunt sufficient w arcgtmuls�t�e _ --
<br /> _ _t�;;,�;,'�:�.� :;.,;. ft�aanval m�ortg�ge'insraancc.�emicun aritTs[.eader one month pnar to the date dse foA annuat mortgage ins�uanc� _ - -
<br /> � .p�mi� �ect�tary;os if 16is Sea¢i�ty instrumeat is ivet� .d�.Sec�etary.each monthly charge s6a1J be in aa -- -
<br /> ,�}:�v;��::ti;. amouruequal to aae-iweift�ofan�t�af£�aF•ihe�nding �e due an the Not��. : ' -�--
<br /> `�,•, if Bmtower teaders 4o I�nder the fnHa t of ail soms s,�R�b�'�qs Security Insa�(�nena,�'arYrower's aooQUnt �•--.--=
<br /> f -{° • - - �`all' ents f ' .
<br /> _ � --: � -.-t r --- .-..-----shaD be`c�it�witb the 6aIaaae rema��'�,. • mstaltm or tt�(a)� and{c)�d arny�•iasraance --_
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<br /> y. . �.�' p�miamin.�alluieaC�-L�h�sn�T�clt�g�e8u►pay'u>t�eSc�net�ty,-a��1��'�st�all�p����r.aS►----� ---- ._.._ �
<br /> '-���. ' �•r. exoess fund.s w Bmmwer. Immediattfy prior to a fo�cIasa:e�,ale of the Properey,��its`.�quisi�On by LRnder,gaFnnarer's �"" ::�_
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<br /> _ , aocauat shall6e cred"aed witC�any balanse temaining for ali installmenm�ar i�e�s(a);f��intd(c). ' • F;=--�`—
<br /> _ ' : 3 APP1k�Fon of�ym�t� All payaeents artder Paiagrapldc 1 aa��sl�2ll 6e�applird tiy Lertd.etas fol2ows: � '..>�"�;;�i
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<br />_ ,=:�._.�,.�;:__��.. �S ;n t�e ann�dgage ins�rance��nuun w be ppzcb.�y l.eader ta sl�:Secretary ar w t�e�ntht;j}r�by the � � :.i_..,�:-_.�_
<br /> � . -- .Se�p�r issrea�lof the monthty mortgag�insu�cce p�cnuuc�; • .. , .� �
<br />_ � ; "SECOND-m an}r tazes.sp�ecial assessments,��aseKvid�ayrttentg or grouII,d�tt9�atrd��,floa�aad ot3fi:t�d� � !j 4�
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<br /> . �,t0 YDICT�L dllC�Nfi�C�� . � � ; r;� ks ,
<br /> �h.� • ' ' 1�UR17'1.LOaIIIOtpT2ItOYiO�'t�i.'����ttlCllfOIS: ` ' , , :.` ' , 'f��
<br /> ' . �7,w�tate cbarges due tiadcr;Ib�Ndte�.. . , , :,i;,:;�; , . ,,.' . gs,"�
<br /> . , 4. Fire.F[ood and Oihet H2ar�iD�zu� Borruwer shall a�re all in�ovc�erit�trn theL'cirpeRy,N��t m'v►s,�. ,;;; { �
<br /> , ' in existence or sutrs tly er�ctc�against�any harzr�:cas�ealaes.and ooming�encies;�icsieding fiie;far�w�.�;t�l:�nden '' s',,`;�`���-
<br /> �quett t•,
<br /> ' � � teq�ires ins�uartce. 7Bis ina�.r�ncW sha11 be mau�taiaed iz�.ctd�.amounls a�d foz the pericds.t3aE l.ettdet tequ�ica.,BOrTbvne[� :'�•• :c%;�
<br /> ,c.;.` , <�;: shall al�o insiue a!1 irnpruve�tti an t6e P►uperty.wttet�+sr nurr�in existernce vr subsequenr�y erectea:a�ai,.�t.k�s•pji,°i3i�idsl. ..::��
<br /> •` . . w the exteat s�by the Srcretary. All insurance sh�ll be carrie�vritt�camr�fes appzaved by Lcr�der�;7t�e��c�'� � . :
<br /> _ `, � polisies and ar►y�tet�ewals shall l�held by Lertder ars�•shaU''iRCt�d¢ i6ss paya6ir clauses u��fa���cvt of:'and,i'ipr��fi��� �".:.: ::;' .�.,a- ,',
<br /> %:�. �cceptab2e to.Le�nder. •.`�:� • *
<br /> .. ' Ia the event of 1oss.Boiaower shal!give Lender•ir�•:u�edi3t�n��ce by mai}: i.ender may ma[c��nof ofd;.ct's�ifirtn��' � �•"x'`%
<br /> • made promptty by Borrower. Each insurance com�r�,.:acucerr�ed is herelrr•au�.�rized asd di:�dea ta aato��iy�ieat��: , . . Sy,�"�° °�
<br /> - � , , such Ioss ditectiy to Ti.ertdtr,iststead of to Borrower artd tu'L�ttd�r jointly. Al1 ur any part of the irauc�nce p:�i.9 trray�C9� `�. a `'�'��_
<br /> � app lied Lender.at its on1 either(a)to trie reductirnc oF the iRdebted�ess under the Nate andt tL:��S�cuTitY: .�rr��ur�rsa• ':'���°
<br />. , �► � ��;.�,
<br /> �. . . , . . ts li in, order in 3 amf•th�n to r� a .e n��of�p� :'or.(b)ra:t3�,. . _�".a�:�,.
<br /> fi�s4 to any delutque�amauu app ed tL.� P.�ra�xpl� P P Yn' �1�. ' , .�+.��.,;��.;.
<br /> , . �eswrarion orrepau of the damaged prope�ty: Any app:icati^,of t�e�pc�a�:cxd9 to the principai sh�l�itiu��:uit�ttc����?��� �'�:"(�Il�� , : ,�..'.:.'
<br /> . . . • ihe due date of the rnos�thl enu which aro�e£e�Kd.�t.Rt� �Z,o:� � �ttre aznour.t�of si�ti� 1�:.An .i; .,:*, „��--r:..,'�,
<br /> .. Y PaYn? �a�: c�:�.. �Y� 5��' : ..
<br /> � `� � excess u�s�aanCe pmceeds oYerAn amo�ml cequirad�ta p�.'b�b�but�tahd'm�itcdebted7ics;y under the.Note aad sf:���SPCUi�i :tid;if i����+-i',:�,'.
<br /> � y �"' r,r�Tlf.l,
<br /> °:{, � (nsvmnem sha116e paid toth¢�ty legally entiUed thv�tb.: • :�;.r' `t,F;,y�� n(,;;:;
<br /> �'���>��%�i� - . • in the e�ent of forecids 'af this Security Instrumetic;ur�it��r.a�fet-of titb:t�:.the Progerty tbat�eati�'gut31�.*�.�E�`�ts•, f�tYl��,t ;�! , F d_
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<br /> <,,� . . . . ir►debtedness.atf righ�dQe aad�teresi o f Borrower in an d t6 ir,�urdJt��Po lioirs in force s h a l l pass to t L��PN r s i�ser.::,'. . ,,.;f, '�"�, ., : ��-
<br /> i4 � � . 5. Ooca�aut�'.Preservatlon.Matntenance aa�E Pr�:e�ff�ts,nf'-,16� Pmperiy. Borro��ec'�'iroar��Apgs!�Non3 . , `''..". +�4' ;'..:�'::':
<br /> - :':. g.�seho�ds. 8astower shall occupy.establish.and use,tbu•Pm�erty�ag 8��rower's pnncipal residen��wxt'ttm�gixty days ' �:. .��.:.`. ,
<br /> :;�<� ;'� after Ute execution of this Sec�,ity lnswment'and shalP u��t�ie to occu,�sy the Property as Ba�ro�uer§pssuici�al Mecidence � . . .
<br /> <��.. t
<br />- �'t�i:�fti .- ' fua at teast one year after die date of occupancy.unless the Secretary determ�nes tfiis requiczmet►r�vil�l�ause nndue itardship . �-�� � �
<br /> ,. _` :�� ��� far Damnwer,ar untess extenuadng circurristances exist whieh are beyond Borrower�conua!• �arrower shall rtotify ; r . . �,�;:,�r,.
<br /> „ . _ Lenders of any eatenuating cirwmstances. Bcrroµer shall not camm;t waste or desvoy,damnge or substantialty change � _ � :;:;��;_.:
<br /> '•-.:,.,,,
<br /> . � � , tlie Propefty or altow the Progerty to deteriorste,reasonabte wear and tear exr.epted. Lendec may in.�ecz the Ptoperty if the . • �..•.2,�t;,•�°...
<br /> ' �s vacant or abandoned or the loan 6s in default. l,endes ma take reasonable actian to eect and reserve such ���•7""'';;`�-��'
<br /> . Ropetly' Y � P� P :�>)�;�i1:t�rf��,.� • �.:
<br /> � :_ , vacam or abandoned Property. Bormwer shall also be in default if Hmmwer.dutinb th�e taan application pracess.gave •.,.,,;;?yi,,:. ,.
<br /> ' m2terially false or inaccutate information or statemenss ta• Lender (or failed to provide Lender with any matenal .�;�,.�.;ii;!
<br /> .• �� ,�,'.1�,%;.. - i�'om�ation)in connection with the toan evidenced by the Nate,inciuding.bul not limited to,representations conceming ;���j-
<br /> . BorrowerTS axupancy of the Prnperty as apnncipal restdence. [f this Security Insmunent is on a teasehold.Borr�u�er shall '"''� �•`;�
<br /> ., � � � camply with the pravisions of the tease. It Borrower acquires fee titie ca�he Property,the feasehold and fee title shall not •, �
<br /> ' � � be merged ur�ess l.ender agees ro the merger in w ridng.
<br /> �::.;,;i.:'s,; . ` . 6. C�argrs to�orra�er aad Protect�oa ot Leader's(3Eghis in the Property. Borroa•�-s sh311 pay all govemmental . ';,�.
<br /> ,.. : ,�f�;... ".
<br /> ° ''•``�.r;�:a;: or m�mici pal char ges.fines and im p osidans tha�are nat inciuded in Para gra ph 2. Borrouer sha11 pay these obligations an ' ,
<br /> � ��. �`.i'�{;;��'f`�� ;. - time diiectJy to the entity wh�ch is owed the payment. If faitur�e to pay would adrersety affect Lender's interest in the ,,���, .
<br /> _ ' • � '` • _ . Ptapetty.ttpon l.endet's�equest Borrower shall ptomptty fumish to Lender rereipts evidencmg these paymenu. � ,
<br /> If Bomnaer fails to make these payments m the paymenu mquire�i by 1'aragraph 2.or fails to perfo�m any rnhee .
<br /> '_ �.,•�`..... '`" covenants and a�roemenu contained in this Securiry[nsmiment,or there is a legal proceeding that mag sig�vficantly affert . � .
<br /> - 1.ender's rights in the Ptape�ty(such as a proceed'mg in baniwptcy,for condemnation or to enfatoe laws ar regu tatians). �� • ,
<br /> J' � 1 � "' � ' t�en Lertder ma do and whatever is n to rotect the value of the Ro and Lender's ri u in the PYo ��
<br /> .G= ' Y. PaY. �5' P P�Y P� Pe�Y, •
<br /> � • .� iaciuding paymeint of taxes.ha7ard insurance�rtd other�tems mentioned in Paragra�fi 2.
<br /> " ,.: . ' My amounts disbursed by Lender under this Paia�rapfi shall become an additional debt of Borrower and be secuted . ' �
<br /> _ , by tLis Sec�iry 4nctrL.�*+L These amwnts st�al!bear u►temt from the date of disbursement,at the Note tate.and at the �
<br /> ' • . '_ ' opuon of i.eader.sha116e imiae�iatcly due aad payabte. � , -
<br /> ' . 7. Caademnattna. The pnxecds of any award or claim for damages.dircct ot co�ueyuential.in connection aith any •
<br /> . .. .G,;:,::�::: ooadeinnation or other taicing of any part of the Ptoperty.or for conveyance in place af condemnation,are hemby a4signed ..
<br /> ; � ,. � and shall be paid ro L.eaderto the extent of the tull amount of the indebtedr:ess�hat remains unpaid under the Note artd th�s
<br /> Securiry Inswraeni. L.ender shaU apply such ptaceedg ta the reduction of the indebtedaess under the Note and this Secutiry �
<br /> • • t��+*+�ms.nt.first to any delinqnent amouncs applied in the arder provided in Paragaph 3, and then ro prepayment of �
<br /> ...... ,._. ..
<br /> . �•.. .
<br /> ' : '' ' '' piiacipal. Any applicatian of the proceeds to the principaf ahall not eatend or postpune the due date uf the montASy { �. .
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