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<br /> . ' pEynwnu ty 6om�wa�Rt ths oplion ot 8arow�r R t!a totN af th� W1�►ts rn�de by Bartoww tor�ksm(r?, tb), ar (o) k ,
<br /> ' • fnRUMIG�r►t to p�y th�RMn whan du�,thrr►8ortowa�t!sM pay to L�nder any unount neca�e�uy ro meka up tfi�d�ey on a
<br /> �''�'�'°""'� ' be4are tha�ta t�e Itan haco�us duo.
<br /> --- A�uird k► thls �tdty Int2runt�nt, •S�cx�tary' mMns the 3eaelay oi Houeing �nd Urb�n Dew(opn�t or hb a hK _
<br /> --- d«IpnN. In�ny ywr h whiah ths l.rr�d�r muM pry a moftp��Inawana pr�rnium to lh�91a�Nuy�woh montAh P�Y��� �
<br />— �Iso InducN�ithlr: (q�n IniLNmmt ot th�annwt m9!t�p�inwraneY' pnmium tb D�p�id by LanMr to thf S�N�ry,or�tj■ �
<br /> -- monthy ctwa Imt�ad at• mortpa� M:unnc� prwnfum !�thk S�curity tmttumsnt Is hMd by th� 8/aetuy. E�afi mantMy �
<br /> In�t�nas�al.t':..°moRp�q�(nsumw prMnkrn�hall b�In�n�rwunt suMldret to�ccumt� tM 1W anmiN nwrtp�b�ur�na
<br /> ; . - {x+�mium with Und�r an� month�xlor ta t�s d�t�th�ful�nnwt moriy��haururc�pnrtYun�b du�to the BeanM�ry,vr N 1'.� �1
<br /> ' Ia�rur:�s!i�hc.ki b tAo S� � ---
<br /> -- -- _ °r=�Y Y -��=iY.csab mentt�fy ch�y ch�►!ha{n cn cma�mt e�rr4 t� c�+�*+teielP�h of enerhyf
<br /> _— M th�o�t�tandln4 Pdndp�i barno�du�an th�Not�.
<br /> ,:�: — It 8cxrowrr tend�n to L�nder th�hti payrrMnt W a!I aumt t�rod by thu S�a�rlty In�trumrnt,BorrowrP��ccount atW h�
<br /> �� oradked wkh th�Mknee nrrMkihp tor eN tnaWlm�nts tor ftema(�),(bI afld(o)�nd�ny nartq��intur�nc�panlhun hit�Nmmt
<br /> "�� that Unde►hu not b�eoe» obtpat�d top�y to th�8�a�t�uy,Rnd Lertdr shU prompty nlund�ny�ucass turtd�to BrxrowK �
<br /> Immrdi�tety prbr to�fa�doau�e ad�04 the Propwry or ks aoquisiGon by l.ender, 8ortawr's aecauM ehe� br credUed wkh�ny
<br /> . b�nae rarrwhtnp tor dl inetaWnents tor iteme(�?� (b)and(c).
<br /> 9.AppliaNt�n af P�n�itti.AA paymnnls under pu�grepha t �d 2 shaq be�pplted by Lendx as talbwa:
<br /> '�"' F!(!t to the mottg�ye Insursnae pt�ntum to bs pald by lender to the Secratuy or to th�manthy ch�r�by the Ssawaiy
<br /> Inate�d ot the monthy mottpape inautmae pren�ium;
<br /> � S�aond,to any taxes, apsot�l Asaessmente, teanehold payments or ground ronta. md Ara. lbod and oihK h�r�ni
<br /> hauru�cs prertiumt,as tequi�edt
<br /> ThiM.to htaaeat dw under tha Note;
<br /> Fourth,to artieAi�atlon of tha prindpal oi the Note; ,
<br /> FiRh� to I�te ch�rpes due undet the Nots.
<br /> 4. Flt+�, Flood and Otit�t Haz�trd I�w�nc�. Bnnnwer shaN inau�e aM k�provemente on th�PropKly,whether �
<br /> now(n e�dstenc�o► suba�quenUy ereoted� agtk�at ar�y h�zards� oasuattles. and eor�ln�encEe��fndudinp llre�tar whloh Lentler�
<br /> . a• � .-a raqufres insurar►es.Thie tnaurance sha0 Ee m�N�talned in ths unaurtts:and for the pertodo thn i.eodar roc�ims. Borrower eAl�
<br /> ° - � '��'�`�'' �' atao inauro a0 krprovemads oe tha Propaty,whelher now in exSatanoe•or eubaequenUy erected. �pninat boa by Aooda to the
<br /> ,;;e ., � ext�nt requirod by the Seaehry.AII inau►�nce shaN ba q�sfisd wilA'oomp�nlea�pprovs�!by lenda.'T�e Inaurutce poYciee�nd
<br /> .:•,��"'�` ' ' " " any renewals ehal!be hetd by Lendar and gh�7 tndudo iaea payabla tlbwaes in tevar of, and tn a tortn acaeps�bfe to, Lender.
<br /> .:.,. �.
<br /> rhy, .:r,�'J o In the armt of Ioaa,Bortower ehap give Lende► immediate potice by m�it. Lenda mry mwke proof ot Iose H not tntd�
<br /> � =.. :.'•�
<br /> ��`',i;�;,:i'��•=�r promply by Borrower.Eaeh (nauranee eomp�ny conoemed is hereby tuthottzed end diroctad to mtice payment/or auah bae
<br /> '�i;��fa��' '��'�"'�'�• d3roctty to Lende►,inataad of to Borrowa end to Lender joiMly. All.w ury part of the Inaurance proceads may bs�ppWd by
<br /> �%'':��•�� � �; "`� Lendur,nt fb aptlon, eithcr (a)to the roduoNon at the hdei�tedrtasa under the Note and thb 3eaurity Inatrument, 1Net to arty
<br /> .:i�.�:r,,�YSu.��.. .:�i
<br /> �:,';i«�:,.� • ..•:� , delhquent amounte appUed In the order in Paregraph 3. and then to p�aymait of prindpai, or(b)to the rastaratMn or rep�k at —
<br /> �': ,t:�r,: -
<br /> 3 rr•� •�'.;,� the d�tne�ed Properiy. Any appitcaUon of the proceede to Me pdndpal ehaN not extend or poatpone the d�►e,d�ts of the
<br /> r L,�1�
<br /> -� �;s� .. _; monthty paymanta whiah nre taTeRed to In Peragraph E, or ehsnae the amount of such paymente. Any excaos Inau►�nae
<br /> °i`t��t�: °, ;�'. � proeends over an amount requ4ed to pay ali outsfending Indebtednesa under the Note Rnd thta 9sarcfty Inauumem aD�ll be patd `
<br /> - � � to the entity legtNy inUtled t?�aeto. '
<br /> �'I� � � � in the event of toredosum ot thts Secudty InsWment o� other hensfer ot title to the Property that extingulahes the
<br /> � �','%`� ��. indebtednesa,aU dght,Ut2e nnd Mterest ot Borrower fi and to insurance poUcles In force eheli peas to the purohaeer.
<br /> „��:;:
<br /> ''�r� Mrty; Bor�awoPs Loan
<br /> .tj,i� ' = � � S. Oaaupane�►. Pntorvadon. Mdntenance and Proteetion of ths Pro
<br /> �'�� - App:laatlon; L�as�holds.8or►ower ehaA oceupy.eatnblish, and uae the Properiy as Bortower's princyw!residence withtn
<br /> �..• - •
<br /> �rri. ,. : , , slxty elays afta tho exeeutlan of this 3ecuriry InsWment end shell conUnue to oceupy the P►operly as Borrowe►'e pdnctpal
<br /> ;, residence for at ieset one yeer efter the date of o�nuFanay, untess the Seoretary determhes thla requkement wa cause undus
<br /> � bardahip tor Bo►rower, or unless extenuatlng dreumstences e�dat whlch are beyond Qarower's oontrot. Bo�owe► shaN �oU�y =
<br /> ' :j;-'' ° � '' � " Lcndets of any extenuating dreumstences. Borrowet sha0 not eommit waate or denroy, damage or subatantin9yt change tho --�
<br /> Y:�: �� . ' ' �" ProPerty or a9ow the Property to detalorate.reasoneble wear and tear excepted Lender nmy inaped the Properry M the Properiy •- _
<br /> ` is vaant or abandoned a tho toan Is in detauft. Lenda may tnke reaaonable aetion to prateat and preadve auah vecent or "�
<br /> •.�••���� �� ab�ndoaed Propaty. Borrower sheY elao be in defauk H Bortower,dudng the loan eppUcaBon procesa,gave mntedaYy talae or
<br /> '' � ' tneccurate Intom�atten or atatements to Lender(or lelted to provide Lender with eny materlal Intomiatton) M oonoentton with the �--=--,`-
<br /> , " ` toan ertdenced by the Note. Inctudtng,but aot IlmRed to,repreaentaUona eoaceming Bortower's occupancy of the Property ne e _
<br /> �• . pdndp�i resldence. lf thta 3eourHy tnstrument is on a Ieaaehotd, Borrewer ehalt compy wNh the proviskns ot the leaae. It =
<br /> � Bortowa acqu&es tee tRte to the PropeKy,the Iesaehofd and tee Utla shali not be merged unless Lender agmes to the merger in �--
<br /> ., wrMing. r'�`�
<br /> � � 8. Charges to Borrowa�r and ProMcNon of Lendor'e Righta in the Property. earower ahall pay eu
<br /> �<� govemmentet or munidpa� ohnrgea, ftnea end lmposttlons that are not inctuded in Peragraph 2 Bwrower shel) pay these
<br /> „ obYgntlona on Uma dlroatly to the entriy which is owed the payment it ffiiture to pay woutd advereely atfeat Lender's IMerest in ;;�,,.�
<br /> .. ` the Ptoperty,upon Lender's request Botrower shall promptiy iumish to Lender recelpts evideneing these payments.
<br /> � "�,`? It Borrower feils to tnake these paymenta or the paymenta required by Paragraph 2,or ta8s to peAortn any other covenente .
<br /> , w •• . ' and agreements contelned In lhis 3eewlty IneWment,or there is a Iegai proceeding that may slgniflcanty attect Lender's rtghta In
<br /> ' �'. • tha PtopeAy(sueh as a proceeding in baniwptay,tor condemnatlon or to entorce laws a regWationa),then lender mey do and
<br /> ,"`�"•°�`" pay whatt�nrer is neceosary to proteat the vaiue oi the Propedy and Lender's dghts In tha Property, including payment of taxea,
<br /> �,,�_ •� hamrd insurance and other kema mendoned In Peragraph 2.
<br /> . .;�,,,,, . My emounta disbursed by Lender under this Pa►agreph shatl beeome an additbnal debt of 8orrower and be secured by
<br /> , thia 3ewttty Inshument. These amounta shali bear interest trom the date ot disburaement,at the Note rate,and at the optlon ot
<br /> Lender,shail be�mmediately due end payable.
<br /> T. Condemnallon. The proceeds ot any award or daim for damages, direct or conaequentiet, in conneotion wRh any
<br /> condemnAtion or other teWr.g ot eny part of the Properly, or tor conveyanee In piace of condemnatlon,ere hereby asaigned and
<br /> �,y;;� shaN be pald to Lender to the extent of the fuU amount of the indebtedneas that remeins unpeid under the Note and this
<br /> �'�,�'�`� Seauriry tnatrument. Lendor shaU epp�yr suah proaeeda to the reduotlon of the indebtedness under tAe Note and thla 3ecurtty � '
<br /> '� Instrumen� flret to any deitnquent amou�s applied In the order provfded tn Pa►agraph 3,end then to propayment ot p�Indpei.
<br /> .r qny eppilcaUon ot the ptoe�ede to the pdnatpat shaU not extend or poatpone the due dete oi the monthty payments,whioh are ` �
<br /> d- rettrred to in Peragraph 2, ot ohange the amouM of such paymente.My excesa proceeds over an amount required to pay all f
<br /> ' r �� ' oubtanding Indebtednasa under the Note and th�s Secuiiry InsUument shell be pald to the enUly tegally entiUed thereto. I
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<br /> 8. F@08. Lender may coliect feea and eharges authodzed by tho Secneffiry. � '
<br /> �- i�j . � 9. Grounds for Acceler�allon of Debi. ;
<br /> (0) QY1i01�tender may, except ea ttmked by regulaUons issued by the Seixetary in the cese oi payment detaufts, '
<br /> . • requfre imme�ate payment tn tud ot ell suma secured by this 9ecurtty Inst►ument Y: �
<br /> � m Bortower dotautts by taUing to pay h tuA eny monthy payment requfred by this 3ecurity�nsWment prlor to or on �
<br /> the duo date of tAe next monthly payment,or
<br /> , , p�Bortowe►detauke by talAng,for e perfod of thirty days,to pertortn any other obilgatlona conteined M thls Securfly i
<br /> ,. � . InaUument
<br /> �' (b) 8afa Without Credtt Approval.Lender shail,t}permkted by eppAe�ble taw and wfth the p�for approval of the �
<br /> 3epetery,require immadtate paymcnt in fuli of eli the sums aecu�ed by this 3ecurl►y tnewment ih i
<br /> •"?' Pa o 2 ot a �
<br /> " :� , F381�.1Mfi(e18�) Y �
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<br /> 94049 �
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