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<br /> __-.,.Fi: �,w� �synia�ts by �.iarrn•xrr, st the G�Uon o! Bnrc�wer. '.1 ihe total o} the peyment� rnedn by 19Mrower far itan (a), (b), or (c) is m _
<br /> t.:_uf;'c:_,;i tu T'� t„a L`�;��:•:h::i �:���tiic�I'o�r�rrcr ch73��;� 2o Lcrc�r�ny c��tsnl r^..^sca��to c^1t!�i;n tt�°��.'"i��:=t:�.�a:i cr -_.,.�_ .
<br /> i i;... �a t�i:��'-E��l ic�C:�.� I.���:.._� E'��e._ _ . °. ..._,�.. - ,.--°°
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<br /> � td �51�] .�".`.1!h�l �il��t�l!iL"np un..�..��..�o `,`.._.._.v i i
<br /> �;•� ❑-°c r�:...:a� fh� i G} E�C�:SGdO C:11� �Li:�;i f ic.-'r.;:�:�.:�i c, f�� c; i..-;
<br /> _ x �s�'.;,v��^. E�i r.:�y ys:r I� e���ct�tli�Lc�td_r r�,nct �;y a raa�f�,,;;a la::!ar._nr.�p�c�n!st;o to ti�;�f:�;.�csr;;��c-���c,::::��;�'.7 I;:;,rca:.3 cir�1 ,,,.�_.�_M_
<br />---;;��y,\�r,�r{�:�.� el90 Ir�ck±de either: (i)en InatrSknent o1 C�o Rnr,s�al iriadQoc3e hisuranca ptamtum to be �Id b�d��ar to tho Secretr�sy,or(�)a - - _
<br />;�;_� , � mor�thty �h�rqe inateed o1 e moMy+E�o Inaurnnce premium H th(e 3ecurtry Instn�mett 1� hatd by Ihe 3�.r�ry. f:nch mrnth�y
<br /> -- ��"=�'"'='`=`'"''�� tn�tnlfmwit oi th� matq�ga In�uranu praimfum sh�ll be in sn arnount aufflclent Eo�cwmukts lh�tuN�nnu�!moAqaqr k�sui�nc�
<br /> ��.=k-��•cr�T+e� prank�m wfth l.a�der one month prbr to the dQte the IuN ennu�l mortQ�pe Inaurenca pcamlum Is ciue to tts 3�aMry,a H tM�
<br /> =F=�- •^•�•- �•-•-• �-n�rty In,tn«r.-�Et ls hr�!d by the 3e�xet!!.y.eac:h mmnlh:y charRe ehaU Ce hi�n amoue�t eyval to one•twaYth o3 ane f��!P perc�t =__-
<br /> '°�'�"s"�-`��'"�'� o11h� art�t�rtcl'nv princi�!bal�nc�due on th� Not�.
<br /> � �—'��a tt DoRONer ts�das to lender the tup paymeM aP RN auma eecu�ed by thle Security Inatniment,BoROw�r'a accouM sh�M bs –
<br /> c�;Nn�rn.
<br />-���,±;,�;:u�•'-.�»•..•.. aredited wllh[ho baience remt►Y�fny tor RII In�uRmenta fot Itnme (�), (b)end (o) nnd ony mortflapa fnsurance pr,�mium Inat�Mm�nt —_.
<br /> --�" '°`���'� Sh�t Ltlnda hea not bacome ohMSated to pay to Ihe 9axeStry.and Lendor ah�Jl promptly relund�ny excaee tunds to Dorrowa.
<br /> �.-""�i K"+��'�F3
<br /> �,:r ��.�.:.;,•,rt,; immedieteiy prior to�t�rectosure aale of tho Property or Ita�cquisltlon by Lendor, Borrower'a RCC�unt nh�N he craditod wkh�ny �
<br /> -�-`�%��� '' "` � bnienca rerruik�ing tor aN Instelimenta tov ttema(a�,(b) �nd (c).
<br /> '�:�r��_�,��..,.2.
<br />'-''�°"� �� �� 8. A ��Ci'it�71 a!P ts:Ct9ts.A!! a ^nta und� r cAh�1 ey�d 2 eh_N be 9ed by Lender na toAuyvs:
<br />--;��;q;,•,_=.�:"a;.� : IPIP aY P Yn,. Rs..Sr " QPP•
<br />_�+_���:�,x,�.,�t., First to the mortgage Insurance premium Ya be paid by Lendar to the Secretery or to the monthy charpe 6y tha Seaetary
<br /> --�_�,,�,.�; . .,,,��. (natend oi the monlhy mortpage Inauranco premium;
<br /> �.'',�. ,,;, ^ � 'i SBCOtIS'�,4o any texes, spedal nssessme.nts, leasaho!d payments or ground rents, and fire, tlood and otha hnzerd
<br /> Insuranca prErnlumy,as requlred;
<br /> 4".�� : Thlrtl,to Interest duo under tho Note; _
<br /> :�.,� —
<br />�_,..��"•,�•' �ourth� to amoAtzaUon of the pdndpal of the Note;
<br /> `-• � - .. FHth,to ate charges due under ihe Note.
<br /> 3;��,- , ' ' 4. Flre. Flood and Whsr I�iaxard Insurance. Bortower shell Incure stl Improvements on tho Propr.riy,whdt►r.r --
<br /> s�-;. � , now tn exl�tence or subsequenty erected, against any heu�ds, casueltlea, end conUngend�es, Indudinp Rro, tar whtch Lender _
<br /> .�r � ' requlres Insurance. This insurance shafl be m�ntalnEd fn the amounts and for the perlads that Lender requkes. BoROwer ehaN
<br /> ' elso tnsure all Improvements on the Property,whether now In exlsten;.e �r subsequenU,�erected, egalnst loss by floods to the
<br /> .�'.�;; - extant requked by the Secretary.AM Insurer►ce shaN be cartled wkh compnnlea epproved by Lender.The Insurrnce poYdaa and ���='�
<br /> � . any renewals shal!bo held by Lender end shall Include loss payablo ctauses In favor ot,and In e form acceptabte to, Lender. -. _
<br /> � •� In the rrvent of losa, Bortower shaA gNe Lender(mmediate noUco Dy matl. Lender may make proot ot loso If not tr.ade ,�.�;.
<br /> prompUy 6y BoROwec Each insurance company concemed Is hereby authodzed and directed to make paymer►1 for such loss _h=}:�_
<br /> � d!rectty to Lender. Insteud of to Bortowe►and to l.ender Jolntly. All or any part ot ihe Insurence proceeds mey be appAed by ,,,,•_�_.
<br /> Lende►, et its opUon, either (a) to the reducUon of the Indebtedness under the Note and thts Security InsUument, Tirst to eny , _ ��
<br /> � deNnquent emant9 epptied in thv arder In Paragraph 3, and then to prepayment of pdncipal, or(b)to the rostoratlon or repek o1 ,�:f;_+f_
<br /> _-- the damaged Property. My eppliraUon of the proceeds to the principal shall not extend or postpane tho due date of the �',�: -
<br /> monthy payments whlch aro referred to In Perngrsiph 2, or change the amount of such payments. Any excess Insuranco '-"-��;"=
<br /> : � " procecds over an emouM required to pay an outstanung iadeoteaness under iha i3oie and inia SCwr�iy inai+wiicii oi�na`v'v Ndiu __=_�
<br /> to the entiry lega{!y entiUed thereto. V.��i��,�-
<br /> � In the event oi foreciosure ot thls Securiry Instrument or other Vansfer of tltle to the Property th�t e:�ingulshes the '�r;Y,.
<br /> indebtedness, �JI �Ight, Utle nnd interest of Borcower in and to Insurance policies in forca ahell pass to the purchaser. •�+"'�'-_
<br /> � � � 5. Occupancy, Preservatlon. Malntenance and Protection of the Property; Bor�ower'o Loan :� ,�:�_-
<br /> AppllCatlOn; Leasehoid9. Horto�ver shad occupy, estebllsh, and use the Property es Borrower's pdncipnl residence wfthin , � ,_
<br /> `� sixty days aft�r the executlon of this Security Instrument and shall contlnue to occupy the Praperly as 8orrower's principal
<br /> residence for et least ono year after the date of occuRancy, unless the Secretery determines this requiremant will cause undue • -��
<br /> hardship for 8orrower, or u�less extenuating clrcumstances exist wh:ch nre beyond Borrower's conVol. Borrowci shall notify . . �
<br /> Lenders of any ext�enuating circumstences. Donower shall not commit weste or desVoy, damage or substanUally change the , .
<br /> Properiy or ailow the Property to d�teriorate,ressonable wear and tear excepted. Lendar may Inspect the Properly it the Property
<br /> • ' ts vacant or abandoned or the loan Is In defauiG I.ender may take reasonable acUon to protect end preserve such vacant or
<br /> . ebandoned Property. Borrower shell elso be in defauit It 8orrower, dudng the loan spplicatlon process, gave materially falso or
<br /> tnaccurate infarmatlon or statements to Lender (or tailed to provide Lender wl!h any materlal InfortneUon) In connectlon with the � •
<br /> . ' loan evldenced by the Note, including,but not IMRed to, representations concemfng Borrower's occupancy of the Property es e
<br /> ' prfncipal residmce. If this Security Instrument Is on e leasehold, BoROwer shall compty with tho provisions oi the lease. If �
<br /> Borrowef acqulres tee Utlo to lhe Properry,the leasehotd and teo title shali not be merged uniess Lender agrees to tho merger in '
<br /> mfUng.
<br /> 6. Chdsges to Borrower and ProtRCtion of Lend�r's Rt�hts in the Propevty►. Borrower shall pay aii
<br /> �,�; governmental or muntcipel charges, fines and Imposklons that are not Included In Paragraph 2. Bortower shall pay these •
<br /> . obllgaUons on Gme directty to the entity whlch Is owed tfie payment. If taflure to pay would ndversey aftect Lender's Interest In � .
<br />''� '•��;• the Properry, upon lender's request Bonawer shall promptly fumish to Lender recelpts evidencinc� theso pa;�ments.
<br /> ,i�.r.. •, • ..
<br /> : �� If Borrowcr falls to muke these payments or tho payments requlred by Paragraph 2, or fnlls to pertorm eny other covenants
<br /> 2. �� cuid agreement�contained In this Security Instrument,or there is a lec�al proceeding thet may slgni�canUy atfect Lender's rights in
<br /> . the Properly (such es a proceeding In banfauptcy,tor condemnaUon or to enforce laws or regulettons),then Lender may do and
<br /> ,•''[ pay whatever Is necossary to protect the value of the Property and Lender's rights In the Properiy, inctuding payment ot texes,
<br /> :'' �' .. hazard insurance and other ttems mentloned In Paragreph 2. I
<br /> `. � My emounts disbursed by Lender under lhis Paragrnph shell become an additional debt ot BoROwer and be secured by I
<br /> this 3ecuriry Inatrum2nt.These amounls shall bear interest from the date of disbu�sement,et the Note rate,and at the option of I
<br /> ` � Lender, shall be immedlutery due end payeble. I
<br /> 7. C017d0tYlnetion. Tho procceds of any eward or clulm for damages, direct or consequentlal, In connection with any I
<br />� ' condemnnUon or other taking of any part of the Property, or tor conveyance In place of condemnaUon, are hereby assigned and i
<br /> � sheli bo paid to Lender to the extent of the futl amount of tho tndcbtedness that remalns unpuld under the Note and this
<br /> � Securily Instrument. Lender shall apply such proceeds to the reducUon of the Indebtedness under tho Note end thls Securiry • �
<br /> Instrument, first to any delinquent smounts app�ed in the order provlded In Parngreph 3, and then to prepayment oi principal. I ;�'
<br /> My appllcetion of tha proceeds to tho princlpal shall not extend or postpone the duo date of lhe monthN peyments,which are � " '
<br /> � refe�red to in Paragreph Z, or chango tho nmount of sueh pnymonts.Any excess praceeds over nn amnunt requlred to pay atl ' � ' �
<br /> -.t, outstnndtng indebtedness under tho Note nnd thls Security Insbument ahall be pald to the entily legally entRted thereto. i .•
<br /> �` - - - 8. F8a9�Lenaer muy conect tees and cnarges au�norizeo oy ine�ecreiery. _--
<br /> �' 9. Cirdunda for Acceierutlon of Debt.
<br /> ._.� , (a) Def�ult. Lender may, oxcept as funfted by regulations Issued by the Secretery in the case of payment defaults. ,
<br /> ��� � ,
<br /> � rcqu:sa Immed{ste payment fn futl ot all s¢m� securcd by th(s Security Instrument IL•
<br /> (i)Borrower defaults by fnfling to pny in tull any monthly payment required by this Security Instn�ment prior to nr on
<br />_� �D , i tAO duo dato o}the next monthty payment, or .
<br /> (I)Bortower defnutts by(niling,for a peNod of thfrty doys,to perfortn any other ob11ga6ons contained in this Security
<br /> J tnstrument.
<br /> � (b) Sale Without Credit Approval. lendcr shntl.II pertnlried by appflcublo law nnd with the prtor approval ot the
<br /> � • Secretary,rcqulto Immediato pas�nent In tul! ot ell tho aums secured by this Security Instrument if:
<br /> - l F5013.LM0(dN3) Fagc 2 Of 4
<br /> I
<br /> V..1 . ' . ( 9G077 '
<br /> ►- � . � _ _ - -
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