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<br />� :`w• ` ,;Q ;�.` . . ' . paysnems by Boara�rer. ei ffis ep8on ot�arrawer.B tha t�atal at the P="Ym� rt�a�a bll Borraw�s for ftem(aj� (b3� or(c)Fg ` � -�a"_
<br /> ��:•; -_ •s . trts�ctent ts pay tha ftem vrhen c0�e.tA�Basros�eha9 pay tQ LFnder azsy amausrt necessrry+w�m up 4Pte ddrdency an ct �`�u=_ :-_-
<br /> Defcto tAe�2e tPte @�m Deccme3 6tta � � '' ' rau�,�.. - —
<br /> • • � As used In this 8e�u�ty tn� :�nL '8ecrefa�Y me�s the�eraeiary ot.Wousl�g end ttrba.� Oe�ap�nmt or hfs or hsr � _-
<br /> � ' � ' :' ' . , desi�ae.tn eny year in v�htch tha Len�rust p3y a moft�qe tnsurancs pte�r�ms t�the 86�y,e�eet�rtsomhi�r Ra�tR'�$� - --
<br /> -- ' �� s i so i n c l u d s e 3 h e r.(i}a n i n s t a E ment ot tFts annusi m a rt y�g a finsurattcs 'preir'um to ba��td bg Letdar fa the SecetarSr.or(�a��°� ` �-_ - -
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<br /> .:_� >,` • '� ' � mortthty�e Instead a! a mart�ge ULauasice ' U tt�is Seani.y Instrumertt ts had by the Secregry. Each monU�iy; '� . � _
<br /> • ,;.� : � ' fns�lm�1 ot the mat$aga tns�an�pr�rium eha3 ba t n 8n ama u a t s+d fi i dcs�t t o a c e u m u t a t e t ho t U 9 a n n u n l m o rt g a g e f n s u r a n:.e • . , _---
<br /> :` . ' . • RreTdum wttt►Lessdu nn�manth prtor to t�ra date the Gi7 ennual ma�qaga�.,�aance prett�aun Is Qtce to tho 3ecreta,y,dr ti tlds� -._..-__--
<br /> • i.� . , ?. . Sea�ity h�shumenf is tieid by tAe 5ec�etaN.eact► marrthiy chat80 sRari be tn an emoum equ.0 ta oa�tvre�th pt on�tsn.�f perezr►t
<br />- •,`: �, . �, a!the au�tandUuJ Pdnc�pal Catanee�te an the Nota , �
<br /> � fi 6oaativc�tenQers to te�d�the fi.�FaYmert oi eEi sums seaued by thb S2aia2y tnstrumer�Botrovi2�°s ec4a�mt�haS1�a
<br /> - ' � ` � � rredc[ad w1h tte Eatanca rena`r►fig fcr e7 trtsm�m tor dems faA @)and(e)and atzy rt:nrtgaga insur�nca•Arem�um i�str3Fn�r1 =�--- - -
<br />_ . s`�: �� ' th.a!Les�deC hss not bes�m8 ah:ga2ed to p3y to tA0�y/.t3nd Letde!sha9 t7S+omDUY feNt►d eny�ss M�ds t0 BOrtCYVER _ • --
<br /> � �m,ed�}r prtar to a rer�nsure sa5z oi the Fiaperiy or ns acquL�fltan byr l�naQr,earca�r,er's eeca,un snan 63�teo uYich eny ii`�
<br /> : . - 6^�ee r�s tar e�ins?a�nents sor P�-�s(ek Q►)t�d(a1• � . . �
<br /> , , „ • ; 3.Appllcatgon Of F8pffilf�t9.M paym�is under C�a�hs 1�d 2 shaR tre epp3ed by Lend�Es foSav.�x �
<br />- . `� , Fir3t ta ttse rtmrtgags tnstuance pse�iwn to Ee pa'd by Lenderio tha Seaetary at!o ths mmrthiy ch�ge tiy the reaetary
<br /> ` � • �nsta�d c.the manThfy maRgage tr�urance Qtem.Tum: • 1
<br /> ' Sea.f�ttl.to any tax�s. sperSai assessments. tsasehofd payrr�ents ��aund carts.and&e.Ha4� end otAer ha¢�rd � ,
<br /> ,` � , trtsuc�tce�aenwmts,es requlre0: '
<br /> . , ..; . Thf�,m tnt�est mie under the Not�
<br /> ..ay,�: � .� Fott2L�t,to amartiration af the pr&�dpai ot tfte Not� ,
<br /> . . Fifd9t,tn fafe dtai�es�dtle under ths Note. . . `
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<br /> � �.� ',. � . 4. F3ra, �Taad mtd Othar H�r� Insusatte�.Bortower sliefi tnsure aD tmArovemertts on the Ptegqt�r. vrhe�the� ,
<br /> �' ` rtcw in e�dstence or subsequenttyt�ted. agafist srry hazards.tasttsMes,�d csortingendes.�c��g&e.tar whlcH l�da'
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<br /> :. � " '.. .. requires tns�uenc�This 6isutance shz9 be rt�a3�tafi24(n fhe amaw►�end�br tha patods that letdet cequtra.Bamws ahaf • .
<br /> - : .. ' ., atso lnsur�e9 Ur�tavemerts on tfie Prope�ty,whetha now�Exlstenae or sufosequertt9 eteded ageYtsl(ass 6y tfoods to the
<br /> �. ' � . ' �de�t requtred bll Ne 3eadary•Afl insuran�sha9 be oanied v�campanJes aPP��Y Lender.The trisurance Da�des�nd
<br /> , , any renewais sha9 he h�d by lender snd.shaD(rt�da foss PaYa6fe�wses Ic�tavoi a�an�In Q imm e�b1e to.Lertder• .
<br /> . � � � In ffie erent ot Ioss. Bmmw�st�aD gNe Lender.irtune�ate nofiee by ma9. leider maY fi� D� ot ta3a H rtot made
<br /> `.-`•:� ` .. '�i-._F`_ • P��PtN tiY Borrowa. Eaeh Insvranee e�nfpatry eonxmed ts haeby athhafized mid dir�eted ln m�ke paye6W.tit:l�such was ,
<br />� .� --'�•:--.�-�{ a�meeny co �enaer,tns�eaa iai�o�orrow�ena ro tena�r jotmr�:��ar�y part of the insivane�•�saeeef3s rt����pp9M tiY ,
<br /> . � , � Lend�at ib opHon. eitha(aj to the reQudIon of tAe Ind�tednass�u►der tfie Nate eird tE[��ti�►(natrumeKlr.t�t t�a¢�
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<br /> • ' deLnquexR emou�s epPUed(n the order in Fatagrayb 3.end then to prepayment o!pr(nctpal.or¢i�:to the resfaraYiCn c���01
<br /> � ' ,. . the damaged PropeRy. My appHration of the proceeQs to tha princlpal shaU not aRend or postyane the dLe�e o!ths .
<br /> . � mordhfy Qayme�ts �+rhich are refared to,tn P�agrayh 2, ar change the smaimt ot sud► paym�►ts. Arty axess tnsurassce
<br /> . � , . proceeds over an emn�m!requir�d to pay a0 outs�ndmg indebUaQness und�the Naia end fhc Secwfty/tnstrum�k,shaA be patd_
<br /> ` � to the ei�6ty IegoIly�itittedth�eW. • ; _ .<: ' ' —
<br /> . • ' ' . (n the erent at faredosure ot Mis 3ewrfiy fnsficr.eJri`er id4ie�t transf� af t�?ta m the Prapery that �d'ui�fshes the
<br /> � - ' 6sd�Le�ness.aA dght,t�11e and 6rtecest af Borrow�in anQ tc hs�ice paUct�tn force shaA pasa to the purchas�
<br /> • �_ . _ 5. Occupancy. Preaenralton. Marir�st�sace sn� Protectdan ot tha Propatty; Borr�we�s Lau� . .
<br /> • . � • ApPltqtian; Le�sehoid9.Ba:rowa shafi oauy��;esWbUsA.and use the Property as 6orrowe�s prtnrJpal residenee w�thin
<br /> "_ stury days sfter ffia exeatUon o1 tAb Seeurity Instrumart end shaii corrtlnue to occupy the Property as Borrowera prhicipal —
<br /> restdmce tar et least ane year aft2�the date of oecupancy. un'a,su:t�e Secreffiry detertnines this requtrerrtent wIIl rause un�e ��-`�"_--
<br /> �� • hardshtp tar Barto�rer. OT IA11858 �dEf1U�HIiJ C�GIRtS�3ttCeS �-`lQI...Gh are Eeyond Borrewers con�ol. Bortow�shaD ne�',r
<br /> � Ler�ders ot mry mRenuattng cfrcumstances. Bortowe shafl rtot �T::.it waste or deshoy. dartrage or subst�tfahy changa tE-z:� �--
<br /> � � '• ProperiY or a7ow the Properiy to dc�eriorate.reasanab(e wear and tear exCepted Lend�may tnspect the Pirape�";r,•r.,ihe prap�� �;•'�--
<br />- � � ' is vacant or abandoned ar tha loan is in defauPi L�d� may telce reasonabte adion to protec!and preserve���vacant oc � � "
<br /> � • . ebandaned Propary. Borrower shall aiso be in def��'i 8 Bortowv,dur6ig the laar�appGpUon process. gave�:�i.��taQy false or ��`Y;�
<br /> �� . tnacauate tMom�aflan or statements to LenQer(or ta�ed W prc#�dender witN atry materl�l 4►icr�rctan)(n connecfian wRh the =�1=
<br /> _- ' toan evldenced by the Nste,indudmg,6vt not Gmited to,�epr�ons concemfig Borraw�'s cc�.�pancy ot the Prop�ty as a � ___ _
<br />� • . � psfic�al residEStea fl this Security fnsWmeni is Cn a feasehotd. Bormwer shafl eompiy vbth�t�7e provistans.of th� leas� 11 _ __
<br /> .� Bomawer soquir�es tee tille to the Pmperty,the Ieadiad and fee title shaD not be merg¢d untess lender a�s��the merger 1n _,__=- —
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<br /> • �� � � S. Charges to Borrcwer and Rrotectton of Lender'e Rlghts tn the Pre�erry. Borrower snap pay au `"°':�-
<br /> • . � gov�nmen0al ar m�mtdpa! charges, fines end tmyosftlons that ar� not inctuded in Fera�apit 2. Bomower shafl pay these �����
<br />- : obDggBons on time directy to the entity whieA is owed the paymeM. If tailure to pay waid adversely affect lender's tr�terest In �?��;_^____ _--
<br /> ' tha Proyerry,upon Lender's request Borrower shafl promptty ttrmish to Lender rece'pis evidendng these payments. `y�;;.�,�—��
<br /> .- t 8 Bortower fa�s to malce these payments or the payments required by Perac�up�h 2,or ta3(s to pertorm arry at3�er eovenants ���,YT � r� ��;�—•
<br /> ' and acpeements wntalned in this Secu,riry Instrument.ar ifrere i�a tegal proeeed"ng idat may s1�Hicantty dfect t�:der's dghts in s;��;?;;�.� �`ti:�
<br /> :: •.. •� .y:... „. �
<br /> � � the�erty(such as e pmceed'irtg in bankruptcy.for wRdemn�lfan ar to arlar,:v faws or regufaUons),then Lender may do and
<br /> 4`� � � . � • • � Rz��v�hatever is necessary to protect the vafue of tha Property a�d 4.ende�'z �i�Ms tn the Propgrl�. (nc(u�ng payment ot tams, . `��t� k�`: `
<br />-- • • h�rd msurance end ather ftems mentianed in Peia�aph 2. .°��•:�'3j;;' -;�
<br /> ' � . My emourrts�sDursed by Lender under this Paragaph sAaO become an edditlonal debt ct(3dro+ti�r z�rd�e secured 6y ' •• '�
<br /> ` � this Security Instrument.These amowds shaD bear Interest from the date ot dfsbursement.et tlie Note�r:a zrd at the opUon o1 • p
<br /> ' � � Lender,shall ba lmmediatery due and payable. �
<br /> . � , ° � 7. Condemnatlon.TAe proceads of erty award or claim fcr damages, dueet or eonsequent(al,in wnnecdon wlrth any . . t
<br />- ' condemnatton or other tafcing a1 erry part o1 the Properiy, or for ea:7veyance in place o!condemnation,ere hereby assl�ed and . �
<br /> .�� � � shaD be patd to Lender to the adent of the TuD amount ot the indebte�ess that remains unpaid unQer the Note and this � . •
<br /> • f, � SecurRyr tnstcumenL la�der sha0 app(y s�tch proceeds to the reQuctton o1 the indebtemness under the Note and th}s Se�riry . • � '
<br /> - :�- fnsWme�t. 6rst to erry deTinquent emountfl app�ed(n ihe order provtded in Peragaph 3, end then to prepayment oi pdncipaL .
<br /> • • My epp7r�tlon of the proceeds W the principal shafl nat e�dend or postpone the due date ot tha monthty payments,which ate �:. . -
<br /> • • , r�+erted to in Paragraph 2. or change the amount o1 such payments.My excess proceeds cvr�en emount requVed to pay a� •_
<br /> -` s " � eut�az:dmg inGebte�ess under tho lVote and thts Security tnstrum:M ahall be paid to tfie entity tegaRy entitled thereto. •�
<br /> . ' � . '. 8.FAes.lander may coflect t¢as and eharges euthortred by tha Secretary. � ,
<br /> ,� ��'' : ' _ 9.Grounds for Acceieration of OebL . �
<br />� (a) OeFdutl.lender may, mceept as Gmfted by reguta�ons issaed by the Secretary in the ease o1 paymeM detaufts, ( ._ �
<br /> i. „ require Immedate paymeni(n fuD o1 eD sums serured by this Sewrity fnstrument H: � �
<br /> *;:. � '
<br /> �, •. n BoRmv�Qetatilis by taiC�g W pay In 11�arry monthy payment re�tred by this Setuciry InsUument prior to or on , .
<br /> the due date ot the next mornAy payment,or ,
<br /> (u)Borrower de&zulis by taIGng,tor a peri�od of tnirty days,to pertortn arry ather o6L'gatIons conta�ned in this Security . •
<br />-�,_� � ' . InSUUmertt ..
<br /> • � ' (b)Sal9 IMt61oltt Cfedit Appiot►aL Lenda shaD,H pemutted by appflcabie taw end with the pdor approvat ot tha '
<br /> � � . • . S2tiretvy,tequiro immedinte payment in fuU of aU the sums seeured by thls Securify Instrument H: . , .
<br /> •' � . F5913.Utt0(0�S!) Paac 2 ot a ' .
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