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<br />— ` . :'"� • ' .•'papm�tSs byf Bartawer. at tha opticn.at Bertowe� B tha totai o4 tiie paymeate ma�e by Bortowe�tar fD�n (a�. @). ar (c)Is • :
<br /> � � tnsut�tcimtit to PaY the item wfics�du�tAen Botro�rer sha9 pay to tstider eny►amowt rtecessary ta matce up the deHrdency on or : . ;' `�'.,�"'�Y:.
<br /> � • , before the d�e the ftsn Decomes�e� ' • .E' S�=�-
<br /> ' . • As ttsctd In thIs Ss�Rly tr�sUvmenL 'Se�tary' m�ns ths Seatutaty of Houstrtg and Urban Ocnretopment Qr h1s or h� `� ` `�`�`� =z.�
<br /> • � . . • ' destgnee!n erry yeas tn wtdeA t41e L�Q.�must pay a mortgage[ns�uanev pmmi�nn to tho Seaetary.each manthgl�aymz�►t�han �1 ' . ' ^`�'`�'-
<br /> � `r< atso Nc9tQe dtRar.(�sn fns�rtertt o!the anntmt maRgage Inauranee pr�dimt to 6e paid�yt Lertder to tha 3er�e�ary.ar(�a �� `.``,••-
<br /> , <- ���•-::
<br /> � .. •� •`r� ��Y �9e ln�tead ot a ncartgd3e Ins�uancs p�ntum d thls Seeurft�l Instrmnent Fs hdd by the SecretazY Each moMhry � � � . � `� ''T�-
<br /> • . �at of the�artgage insiu�ce premium shaD ba tn en a�aurtt euf6dent to acrannufete Ure 4ut1 annua3 martgage tr�svrance .: •��`
<br /> . • .� .�. ' , premtum wM Letder onq rttotith p�tor to tho dffie Ne t�l�nnual mm�gaga[nstuance pr�.muum ts dtae to the 8errat�y,or B Mis` � ,s�� ;��'�. •�.,-f:,''
<br /> SsiurRy(nstru�esri ts he(d by the 8ecreUuN.Eacb momhfy chargo shaD bo In en emourt equal to onetwe�fh of one�hvt p�t 4 . `.��•�: .•.,•�;s-,:
<br /> = . .. ' , of the ouffitan�ng prFneipal bataneo due an tt�Nat� ' �, •
<br /> - --� --• - it 8utrowEt tettd�a to EEnda the 1u9#+ayn�t a!a9 stmsa sec�ti.d!sy!!�SeastBy Ir�stitu�nt.Ba�o«d aax�mY sl�S!bs -
<br /> wr t � "
<br /> .. ' � � cedded witt�the,Eatanes retnaWng for a0 Instaitrnes�for itans(a).(b1 end(c)end arry mortgage L�s�um�ee psenhnn Urs�mart � �,. . • `' ,
<br /> ' v the!tender has nat becosna obCga[ed to pay ta the Seaefary,end Lendar shaA prompt[y refund any exeess femQs to Borrower. � ;.
<br /> ' ' Irrmtedtateiy Pdar to a forerdosiue sele of the PtoPeitY or fts acquisftton by I.eider,Basrowers aceourrt shffiI be aed3ed wRb anY : "t,�'�:;. .
<br /> . . ' halance rematn.hsg tor aD�ftenis tor ftens(eT.W)end(c�. . ; . � _`.��r:?.=
<br /> .� ' • ..- .- -- 3.Appl(C�tTolt Of P8yfifYit28.AO paymertts unrter par.tgraphs 1 and 2 sfiall ba aPPIIsd by Ls�d�es to�otv� . :_,�"�=,. .
<br /> .� �'.:
<br /> .. � F��3't to tha martgage frtsuranCe P�nium to 6a paId by t�nd�to the SecreG+ry or to the montf�tY�SQ�Y the Seeetary ' `�'��,,,�tw,-
<br /> � -. . •. . tnstead oT the matrt�ty maetgage tns�uanee pnemtut� • :;_'r:.�-�.Y==_-
<br />_ . . . � SBCORd,to any tmcaa. apedal easessme�b. le�sehotd payments ar <geund te�ts. and fir�, 8oad and ather h�nf . , `..4->•-,�:�-�
<br />� 6lstuenC9 pr�nfunl9.es requ6ed; , t rv'�-�-fr�;��::.
<br /> , ; � � , ' Thi►d.to h�t�t dua unQ�me Hot� • ��J_-_— -
<br /> � Fout'th,ta ematt�lcn o!ffia pf(ndpai ot the Not� _ - -_
<br /> ' , ' Fifth�to tate ch�..s�i8 iutda the IQote. � _(j"�
<br /> . �va---
<br /> � 4. Flre, Ftood and Other H$zeM (nsurdnCA. Borrower shaD (nsuce sA rovemertts on the �ra °°" --`-
<br /> ..;4 , �mP P�1►.wtltetlt�s �-a�,_--
<br /> now�n �ce or subsequerAfyr ereeted. against anyr hateMa.'casua3les.and earrting��es.tnriu�g f�e. for whiclf I.aider • d`.'- -
<br /> , , " tequVes ins�uan�e.Thls tnswance shaii be mabAafied tn the aR[ourtls and tor the perio�ta thai Lender requfnsa.Bartows shaD �:Y�s;:---
<br /> . � atsc U�sure aQ(mprovemerts on the ProDeRy.wh�h�naw(n�oa or�er�tjf�.aga�st kOSS by�acds m the -`_=-- -
<br /> --�- - � ; ' � e�dertf requtred isy the�3earetary.A[linsurance shaU�be�cartied�witM1 comyanies apyroved-by i�ertCEr_Ttie ittstnanea�po4rles and- . .__ .. ,;,�„__ �
<br />- . � a�ry renewals sh�D ba held by Lender end shaD Inctuda loss payabla dausee tn tavor M,a�sd In etonn acc�n4o.Letder. :;�`r����w'
<br /> . In the evertt ot loss. Hortaw�sAeD ghre L.e�d�Ga�medfate nottce 6y ma0. lender may mdke proa! cP ftsa U not tnada :a'�.-
<br /> • � . � PmmP�1Y blf Botrower. Eaef�Instuanae company concemed ts hereby authorized artd�rected b'tr.stfe paymeit tor such loas � . '��`°".,,..°"-"�.
<br /> . � . . �recHy to Lend�.tnstead o1 to Bortow�and to L�►der jahitly. q8 ar any part of the ins�uartzs�.raceeds may be epp�ed by, " �s s:._.
<br /> � . . � Lend�:at fta op�an.eMer(a)to the reductlan a14he tndetrtedrt2ss urtder ffie Note atM thta Sz+�n4ry-I�tlnament,4rst to arry q� "
<br /> • �. ` . . de4nque�tt amouttts appQed In the ord�fn Pata�aph S.and then to PrePayrrt�t of prfndpal�or(b)to the�on m rapair ot � ,'�.`�"��•.
<br /> . . , the dart�aS� �PenY �Y aAAUeaUan of the Proceeds to the pr(rtdpal shaA not ext�d or postpane tho due dafe of the ���� �
<br /> � � , morrthty psyments whfeh are ret�ed to fn Faragisph Z. or change the amount of sucb payments. Aery exeess tnstuanrs � •._°
<br />_" �,.,. .�.;-� Draceeda ovet an amount requTnad to pay a0 outstandng indebtedness wder the Noie and U►is�GUrity(asDumert sheD bo{ta's! __�_�_---
<br /> _ �: � � to the e�s6ly tegaL�►eMftled thereto. . _ —-
<br /> ';�, . . . •=
<br />, , , � . .. fn tha evert af foredosure cE tixs 3ecirtfty fnstrumerrt or ather transter ot t�te to wr?roperty that e#Inguishos UGr�. ' r:;
<br /> � indebtedness.aU rtgh;t�5a arM tntar�:ot Bomnrcr'tn and to Insurence po9des In fores shaU pass to the purchaser. i ': `
<br /> • ' . `� S. OccuPz�; Preservation. Mai�nance and Pratec3ta:a ef tha Ptoperly B�+rePs loan f���
<br /> - ApPlfc�tlon; Ls�sa�[oids.Bortower sha�oaupy,esmbQsh.and use the Pr�erty as Bartow�'s p�n�rn�tdence wlthin . ``" �; -_
<br /> --- --. - � --- sbGY Qays eft�tAe exec�tion of this SecuRiy Instrument and shaD cortUnae to oaaipy the Property as B�wec's pdn� y,'=
<br /> . ' " resMenee tor at faast ane year after the date of occupancy,imtess the 8eaetary detesm(nes this requhement u� causa ur�ie •: 12 �
<br /> � �• � hardship tor Bortower, or un(ess �denuating dreumstances adst whleb ere beyond Borrowera controi. �o-�sse�sAeB not(ty ,
<br /> . ' L,�tdeTS W etry �denuatlng drauns�nces. Bortow�sheD not cormnit waste or destroy.d�nage or subsl�ti�ly chanSe ths .�
<br /> . . .. . PropeRy or aUow the Property to deteriorate,reasone6fe wear end tear exa.pted.lender may[nspeat!he Proper*�it the Rroperry :;++'••,
<br /> , � . - !s vacant or ab dnned or the loan(s in defautl. Lender may take reasonable acdan to Protect end pres�ve$uch vacant ar .' ,
<br /> : ' ' .: abartdoned Pro�artyr. Borrower sha0 also be In dofauft if Borrowe►during!he toan appQeaUon process,gave mateda@y►fatse or � ,�,`.-,��~
<br /> �� ' ;�.,,; inacairate(ntom�aUon or statemertta to t.ertder(ar falled to pravtds Lender witA arry materW(ntortnatlon)�conner.tlon vlrth the : �:�;_—`
<br /> � , ;i`y,; loan evMenced by the Note.tncludtng.6ut not Miited to.represer�fions wneemfig Borrawer's oe�pancy o1 the Froperiy as a :
<br /> `. ��,�_—
<br /> � pdndpal resid�ce. N thls 3eeurity (nsUumertt ts on a Ieasehotd, Borrower shaD eompry with the provisions ot the Iesse. (t "i v---------
<br /> .'���_f:__
<br /> • � �- . Bortower eequlres tee titte to the Pioperty,the(easehold an►!tee title aha8 noi(�r.serged untess Lender e�th tha merger fn �?':`,-,::� .
<br /> ' �. �& • .,.1..�.,,K� �i—
<br /> t :`• • . 6. Charg+es to Bo�ower and Protec3ton o! Lsader's Rtghte f� the Property.eorrawer an� , , '.?'' • �'�4
<br /> ' govemmenm) or munictpal charges, ftnes and fmpesiUona that are not tnctudod in Piva�aph 2. Bortawer shaD �� . � $� �
<br /> u pa}I these . .:�: .y�►`�►i,:"
<br /> 1� � • obQgaUons on time�rectty to the entity whicfi ts owed the paymerA. It faIIime to pay would edvesaely aflect Lende�s interest(n r � �-�-:
<br /> :. tAe Proparty.upon Lender's request Borrower sha7 Prompty Mntafi to Lender recelpts evidene�ng 9hesa payments. �; • '"�;� _
<br /> ,� � . , 8 Borraw�faits to maice these payrt�nts or tha payments requlred by Paragreph 2. or faits to per[orm erry other covenants ,.,,.
<br /> � . . � and agreernents confairted In this Securriy fnsWment,or there is e legal proceedfig tfiat may st�.iflcantly afteet tendefs dghts tn �`•
<br /> �. ' , the ProPeAyt(such as a pracee�ng tn bantwpicy.tor candemnatlon or to enfdree faws or reg�:�s).then lender may ad mzd, ,;�,J,v%.,.
<br /> . pay whatever ts necessary to proteG the vatue of the Property and Lender's dghta In the P�,�*. Indudfig paymcmt of tr�s. � ``�'•`;;�''� -
<br /> • � hazard insuran�and other ftem�menUoned in Paragraph 2. •� .`
<br /> � � :. . ., My amowrts msbursed by lender under this Paragraph shaU become an addHlona!debt of Bortower and be seared by � i, � P
<br /> ����;' _ . this Securfty Instrument These amounts ahall 6ear tnterest trom the date of disbursemerrt.at the Note rate.end at the option o! •• , � .
<br /> ' Lender,shall be Immediatey Que and payabtB. . . • ,?• . +
<br /> �_, .. ;r`.t . , ;
<br /> � ' . .• 7. Condemnatlan. fie proceeds of any award o►c1aUn for demages.cIIreo!or consequenUal,tn connection with arry ����;' �
<br /> . ,;:��±��sr� condertu�a8an or other teWng of erry part ot the Property.or tor eomreyance In piace o!condemnatlon,are her�y essigned end �
<br /> . . .. shaD be patd to lender to the excent oi tho tufl amoum of tho IndeLtedness that remains unpaid under the Note �d this ;,, ' ��
<br /> � , Security(natrument Lender eheD appty such proceed9 to the reduction of the Indeb2edttesa under the Noie and Nts Secutfty � '
<br /> , . . . . tnstrumenL ftrst to e�ry dc�nqueM amounts eyp9ed tn the order pravtded In Para�aph 3,end then to prepayment of p�ndpal.
<br /> ` • . , . My appUeaUan af tho proeeeds to the prtncipal ahaD not extend or postpone tho due date W tha monthy paymertta,whteh are . •:.
<br /> '• ' ' referted to In Pala�aph 2.or change the emouM o1 sueb payme�e. My excess proceeds over en emoent required to pay aD
<br /> ' � ' � • '. outstanding(ndeDte�fess under the Note and this Secw9ty tnstrument shrill be paid to the entiry leguify entitted thereto. � � .
<br /> x .:: .
<br /> ' . . � 8. F898.lender may coltect tees end chatges etrthorized by the Soaetary. ' . � .
<br /> ; � s:. '•� ,• ' 9. Oravnds for Acceteratlon o!D88L � .
<br /> ; . 4.• � • (8) 08�&!!1�LenGer muy, except es Itmttad by regufaUona Fssued by the Secretary(n the case of payment defaulte, � � • . .
<br /> �� r¢qu U e(m me d t a te Qayment In ND of a0 sums secured by tNs Security fnstrument(7: �
<br /> _�` �.L: � � . � _ m Bartower detauRs by faiGng to pay In tuA sny monthy payment required'Dy thts SecurNy tnstrurrtent pdor to or on � � f
<br /> • � ths due date ot the ne�A mo�hy payment,or �� • �
<br /> � � (ifj Borrowar de�wfb by faIDng,tor a period o!thtrty days�to perform anyl other obVgatlnns contaUted in 1ht�Security � _
<br /> ` �y � (nsUumenL • .
<br /> __ _'.i_1 -� _-. ---_,--- (�1) SalO Withaut Cfedit ApproY�l.I.ender sha11. ft pettnitted blt ePP�cabte favi and w1tA tAe Prtor approvat of the •- -- �-- -
<br /> .. - SeClet9ry,�equttA imme�ffate payment tn 1U9 oi a0 the suma secured by thls Security(nstrument H: - -`� -�- , �
<br /> , ' . f5813.lMO(4f9d) Psgc 2 0}4 !'' , '
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