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<br /> •r.���;4�..."'�..#'° `t l r4 �.L.- t -� S,� ." 'h.s-.�. - - .. ✓��.
<br /> :y .r _ �- ' � � __ . - � . ��1�' _
<br /> sr_h.._� ` , ' _ ._ .. .. � - � , _
<br /> �j � � � 1'.' . . .
<br /> _._i� ' ��'' . . � �Y�.�• �.�'
<br /> �+�+fi .�l�r.�'iy � ' " . �3`.`�A-.
<br /> � (� YT
<br /> � -�-�'°±`-�st'}'�.. � ( . '. . , � •��4 �V��� ' ILr . ; �_
<br /> -:ti.c. b`4^'.,.el��... ,�
<br /> �SR�� �, � . � � when due the p�incipal of.eacf interest an. 'g�=
<br /> �--��`�",_��� �i. Paymeat of Prindg�l.iQteresi s�ad Lule Cf�arge. Bosmwer shalt PaY , � .
<br /> �;�x4�`4'� } � the debt e+►ideuced bY the Nate aad tate charges due under the rloYz. � ;�- .
<br /> eu4�of'[�a[e�,��ce nnd Other Ctiarg�. Bonower slbd!include in eac�'muntWY PDY�rtent•� ,�y
<br /> • ' � L P�ionihly B2,ym an instalimeat of any ta)ta�e's aad �E�.'�, 4-
<br /> -t„" ,j.�, ' . ,Ym al and in2en�si as'sd foith m the Nate and any tate charges, _
<br /> "'�`� � `� � � ���� ttte Propen3+.(b)leasehodd payme�s argrannd cents on the ProgettY.and =
<br /> - -�.t s,'_ { ��¢�ts tev�ed or to be tevied agai�st�4.` gr �?-�-,
<br /> =�,
<br /> °' ' f ` , i� � (c)piemnm►S gor uisurance reqmred bY Fer��P �1 one-twelfth og the anaual amannts.as masonabl}► �
<br /> _ '� �• . ,. 4 . Fach monthly instalfinent for items (a),(b)and ta)shnll eci .
<br /> • estimated by I.eader.PIus a.n amauni suf6cieat to maintain an ad�tictnal baluub �Lendermwittun R� g � .:� µ
<br /> �` �` � . , esmnate�amoi+nts. 'lhe fall annnal amount for each item�a11 be ac�wnulated Y
<br /> a od endin one '•�r``�..
<br /> � + : �.. � . •y -
<br /> . ma�is before an iteu�wanld ub�asns delinquent- i.ender shall hold tiie amounts collectrd in wst w pay�tems(a?;(6)� _
<br /> , (c)before they 6ecome delmq ts held b I.e�der for items(a).(b)and E�}.together with the fat�re,mo�hly
<br />�L.:z c.:�.:�'.'4. If at any time the wtal of lthe pa�r • ta the due dazes of sucb items.exoeeds by more than.�I�der -
<br /> _ ab P� wrrea� �_��
<br />_=_ � ;".` ..� PaYm�s for such items paY eats on the Note are - __
<br /> '',-•�:.�.,r.:-R-. �.: : � esnmated amuunt of paymc�is reqaired t°QaY s�c�i�wt�en due.aad if paym ` .
<br />- �,:`.'` . '`.s' � shall either refuad the excess over onE-sixth of the estnaated Payments ar credit tfie excess over.ane-sinttt of the estimated ----
<br />-s''�'�-�' �� i Bormwer,at the aption of Bmmwer. If the total of dae paymen'ts mBde by Soaower -
<br />=.....:. �,�:.�:• . � P�u�°su6seq°ent payments by amuunt n�ary to
<br /> T"'., t--�-_.� . for item(a),(b),or(�)is!n�ccent to pay the item when due,then Borrower shall pay co[xnder anY
<br />�-��:`'�.�_..J;
<br /> T_,±�;��. �����«.. � ' make ap the deficiency on or before ttse dase the item m�s the Se�Y of Housng and Urbani DeveWFme�or bis oz her
<br />_- ,�,,: � _,�: . , As tt:ed in this Seca�ity I n s u u men�"S e c[e t a r y" e insurance Pnmium to the Sect�eta�Y•e a c b m o n t h ly P a Y m e n t ----
<br />"" `,.. . ear in whicb t6e Lender mnst pay a mmtga8
<br />�•.; :,•:: , t desi ee.In anY Y insurance Pre�uu�to be paid by L�nder to the
<br /> '���-' `. '' `• t•' Shall als0 tnclude e'tttter. (�j an i�ctallmeat of the amt�al mortSage �ment'ss held by the _
<br /> - � , c �etar�r�os Cu7 a monthly cLarge uistead of a r�artgage insuiance preaunm tf tlns Secun�5►
<br /> S�Crem¢�. Fach montIily insCaWnen um shall be in at�smaunR sufficieai w a��
<br /> , : :,.�.'. . t of the mortg'�e inswaace psea►i ,
<br />_ - �' ' ' • fuII an�r�t mortgage � with I�nder one month pnor to the date the full atmual mmtgage �#sura�
<br /> _•` :. ` •;,.�.,, ����� E�swment�is held b the Secretar3+.each manthly charga shaIl be in aa.
<br />_-?�`......,,:... : g���is due w the Secceta�Y:ar if ttus Secunt�' Y . .
<br /> �,. . � . „ . ainwnt eqaal w ane-twelfth of one-half pec�o�t�outst�ng P���ce due an the Note.
<br />_..-�� �. ., . .• . �d accaunt
<br /> ----. e�i of all sams ��S
<br /> -- - .'� : - if BaYrnwer tenders w I.eader the full PdS'�
<br /> S�
<br /> ---- - =• -=
<br />_.' • ,. • • . � for al}�stallmen�.for_'__ ��,�,(1�) (c)and aay mo�����
<br /> ,, .. .,, . .. . . _ .. _ . ._.. .
<br /> .� ., . sball��crediteti�vith ihe�ba.aace relr►awmg co the�e�ary►:aiid I:en�er�shall�PmmPdY �
<br /> . ,.: , � p�i�llment that Lender has aot become obligated w pay oT its actLuisition by i.ender,Borcaw�s
<br /> _ '' . . . . exces�frmds to Bormwer. ImmeBiatEly prior�to a forect�i�c�s*+ts for,�(a),(b)and(c). • .. •
<br /> . �'.., � .. , acco�shall be credited with any balance remaininunder Paragraphs 1 and 2 shall be applied by Lender as follows: ,
<br /> '- ' --- �- • 3. App�tc�tton oY Paymeats. All paYm o36e aid by Lender to the Se�et�Y or to the moattily c6arge bY!he ,
<br /> � -. - - �:.: . . FIRST•to the martgage insuiaace p�ium P .
<br /> . � � ge�etary instead of the monthly morcgage��ce pt+emium;
<br /> . , cF�CON ,to aay taxes.special assessments.Ieasehold payments or grou�d rents.and Cine.tlood and oiher hazatd
<br /> ,' .`���t.,!:, premiums.��i� . � . . —
<br /> • . , instuance ,
<br /> .• � . . . T�,I�D,to mte�st due under the Note; .
<br /> F'pURTH.w amortization of the princiPa]af tfi��Iote:
<br /> �. � , �. -�,to late charges due under the Note. vements an the PcoPestY•ahether t►nw ,
<br /> ' . 4. Fire,Ftiwd taatl Other Hazard Iasuraace. Bomower shall insure all impro .
<br /> . � �.: . i�exi�ce or subsequendy erected.against anY ha�Tds,casual6es.and contingenc�es.including fire.for which Leader .
<br /> . r'�.,:}•r?;•.".� IossbgA� .
<br /> . �. . r�uir.�ensaiaace. This insatance shall be mainta�ned in tte;�ounu and for the periods tbat Lender ieqaires. Bor�aq+�r
<br /> ,;' ;:r:• ;.; �'. ' ; s�g E;,o ins�ae aU improvements on the Pro�erry,whether rcuv in eaistence or subsequentty e�ected.against
<br /> - . • ' to the extent required by the SeccetarY. All u�surance shall L�'��ried with wmpanies a ved by I.ender. 'i4te insar,r��ce
<br /> and 'm a foxm
<br /> . ;_ , � � policies aad any renewats shall be held by Lender and shall incIude loss payable c auses in favor of. i
<br /> -�':;. ' acceptabie to,Lender.
<br /> _ .'�''�:`.: In the event of lass.Borrower shai!give I.eader immediate notice by mail. Lencier may malce gmrf of loss' [tot
<br /> _ +. :�..,.,� . ' , made proznptly by Bomnwer. Eas�r;.nsuranse companY wncemed is hereby authorized and dir�cted tamake payment far
<br /> �y.`:'. .�''. .; , such loss drmctly to Lender.instead af eo Borrower and to Lender joindy. All or any part of d�e ins�nattce pmceeds maY be
<br /> = �, . '� � applied by Lender,at its opuon.either(a)to the reduceion of the indebteMess under the Note and this Securiry Instnunenb
<br /> -- �,"�'� .;.• fi�st to any delinquent amounts ue.p�pl�ed in the�er in ParagraPh 3.and then to prepaymal shaU not ext end oipostpo�ne —_
<br /> ' � hcarion of the roceeds to the Prin �P ne
<br />�;;�; ._,:.-,<•: • .. iestoralian or iepait of the da�tag PropenY. A�app' P
<br /> •' • the due date of the monthly payments whuh are refened to in Yaragrsph 2.cs change the amo�u of suwh paymeats. AnY
<br /> u
<br /> x-.' . .. � exce�.s i.nsurance psoceeds over an amount required to pay�eutstartcf�n�cdebtedness under the I�tot$and this Secuzity
<br />.� :. �... . � U�suu�ent shall be pa�d to the entity legalty en6ded thes�o =
<br /> In the event of fo�lo��terest of Bama er in end to irtsu�ce po�cies in foree shall pa�ssew he p�¢�r�,s�the R
<br />-?' indebtedness.all righ�
<br /> ��
<br />.'� . • ' • S. Occupancy, ��+atlnn�, MatuteIIance and Pralectioa of the P�'opesty;Borrower's d.oan Application+ _
<br /> I,eas�holds. Borrower shall occupY,estabtis�3,and use the Property as Borrower's principal resideu�e within sixty days
<br /> ,� • , . s�s Borroweis ci �idence
<br /> = � after the execution of this Security 1nslrun►ent and shall conrinue to occupy.the Property P� P�
<br /> � . . � • • for at least one year afres�tenuating c'uc m�an�exist whieh�ared beyond Boaower's�control.��Bonowers hall notity
<br /> ��r;� . ��� t for Borrower.or un e
<br /> �m�:• • • Lenders of any extenuating circumstances• E�avver shall not commit waste or destroy.damage or substantiallY chas�ge
<br /> _:,c�{'�.� : . . [o deteriora�r:.reasonabte wear and tear excepted- Lender may u�spect the Property if the
<br />. the pfroperty or allow the Property
<br /> . • pcoperty is vacant ar abandoned or the loan is in default. L.ender may take reasonable��o�a u�����e
<br /> ' .i`;��,;�%.• : . vacant or abandoneA Property Borrower shall also be in default if Borrower.durin8 �de Lender with any rr�enal
<br /> ��+•�,';�•�,';,.. :
<br /> ' '.t, 5 materialt�r false or inascura t e �n�o r m a�o n o r s t a t e m e n t s t o l..e n d er (or failed to pro
<br /> .`, f•. ` I,.,�.{
<br /> _�•�� �. infomtauon)in canaection wid�I�t�Zoan,evidenced by the Nute.including.but not limiteA to.representa dons co�c�v n S
<br /> ` go�rower�accupartcy o f t he P rcperty as a P r i n c�P a l re s i dence. If this Security Insuument is on a teasehold.Botrower shall
<br /> ,�':'^:' � '^�..�: ..' ' .� comply with the provisions of the lease. If Borrower acquires fee tifle to the Property.the leasehold and�eE d de s h a l l no t
<br />���• •:• . ,. � be merged untess I.ender a�rees to the merg=r i*�writing.
<br /> -.��_. ' ,;,?;,_,_ _: : Borrower sti2lL u all avemmental
<br /> •u-- 6. Charges to Bomawer 2nd Protec�on of Leader's Rights 1n tIIe Pro�B��,er shall�t'hese o ligations on
<br /> �"-�, ��. ' � • or municipal charges.fines atiQ i�nposidons ttiat are not included ln��would adver7:ty affect L�der's interest in the
<br /> LI
<br /> ��:.. •� � . . time di�ectly to the entity which is owed tha paymen� If faiture to FaY
<br /> � : , . ' . property.upan l.�er's request Borrawer shaU pmmptly fumish to Lender receipts evid h 2,or fails�erfatm any other
<br /> - if Borrower fails to utake these paymenu or the payments required bY ParagraP S� icant �'�t
<br /> . ' covet�nts and ag[eements wntained in th�s Security insuumens.or theie is a legal proceeding that may Bnif tY.
<br /> Leteder's rights in the Property(such as a proceeding in banlwPicY.for conde�ation or to enforce�ws or regulauons).
<br /> -��f � ma do and a whate+rer is necessary to pratect the value of the Pro efty and Lender's ri ts in t��L�h+oPenN.
<br /> . then i.ender y p Y
<br />- � �, . ' • including payment of taxes.hazard insurance and other items mentioned in ParaSraDh Z•
<br /> � pny amounis disbu�sed by L.ender under this Psrapraph sha11 become an additianal debt of Borrower and be serured
<br /> r
<br /> '_ .: � by this 5ecuriry lnstrument These am°unu shaU b���st from the date of disbursement.at the Note rate.and at the
<br /> -�` " ' • ; .. : optzon of l.ender,shall be immediately due and payabte.
<br /> ' 7. Condemnatdon. The proceeds of any award or c oaim�oC damyagne�n�ce of cond eemnati n,ure hereby assigned
<br /> ' � : coademnution or other taking of any part of the Property,
<br /> � . . and shall bg paid to Lender w the eatent of the fiill amo�►t of the indebtedaess that remains unpaid under the Note and this
<br />= , _ Security Inswment. I.ender shall IIPP�Y such prac�eds to the reduction of the indebtednes�u3d�and the�s t�pdr e�p aym n�of
<br /> r � . .. � �
<br />_ _ ,_.-'----._-----.'- =-.._ . ���ent. first to anp delin4uent amouau applied in the order pmvided in ParagraP ttu due date of Ute monthly
<br /> . �•. �� • � • _ ptincipal. My application of the proc�eQs to the pmn7p�,�f s1ta4� aot extessa or postpc+ne
<br /> � . . .
<br /> . . . - �Dage 2 of�pqqes)
<br /> � ' •
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