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<br /> - � %�` ` � ' p�r,arte bll Botrawv. at tIIe ap4t4n ot Bcrtaw� If the tatef ot the�t� �de by.�asrower fcr itan (s).tb)� tn t$)b � �.��.�� �� -
<br /> - � ° . � insut�c�d to psy ttte ftem vrhen due,the�Barrower shafl pay to lender a�ry eme�mt necessary to rt�ke up ti�e QeS�ency an ar = � �_t'� �'''�:�,.x�,;�.
<br /> � �t � . betare tfte Qat9.3Pfe ii�m�ecamea d�s� . . . . . . . � �} .,, `
<br /> _ �' ����: �:' '•. As use� fn th�SecmY.1► Instrvme�t '$ecraffiry' means the.SeoreE�ry et Hausin9 and Urban Qev�!ar hfs mr t+er � G ,
<br /> - �. � • � , de�J��fn erry yaer tn whlzb the Lender mvsi 9al►a mortg�tnsur�nce prernlum to the.Secr�f►.�sh marthty►Cayrnen4 sha4 , n�°,.: `4• �:
<br /> s `, �.�r-' �.. >, aso in�de eithar.m an tns�me�o!tha annuef mcrigage Ins�renee prem9im to be patd by l.e�Qer to the Se�:st� or(�e ` ,.` _.�,.
<br /> ��s ��� `.? ..,.:, � r�anthlyr �$e tnsiatd ot a attaRg�ge tnsivan�pre�nium H tAts Sec�utryl Inatriurtalst ts hel6 by the Seaaiary. Eas��mordhty •
<br /> -::�`• ,., ; ` inst�tent a!the mcrt�ga tnsuranee psc�Mum sha�tre tn an emeunt�uffict�t to accumuTate the tuA annu=t mortpgs tnsurancs . . .
<br /> ' �'• ' � ����� pramNm w141 LQndar art�e moirth prlar to fie date the tiill annue!mor.�cqe tnsurance�remium Is dire to tha Senetary.ar H tbts ` •
<br /> '"'�',:t,;, �;,. ;� � Seeurf";lrsa�r�t�t ta hetd by tdie SeQatirf►.eaeh martthiy chsrge ehafl he In en amcwrt equai to ono-iwetRh ot ane-heB pe�ed . : .
<br /> f-.'' ��. •_ � � at the ou2aU�n�np pdnd�l bdutce Que oa the Note.
<br /> `;�. . . �; (f Balrow�tend�e 40 lender 4Ae fu9 paymerrt af n0 suma s�wred by tt�ls Seaudy Instnmtertt.Bortawe�'e aeeoimt sha8 be . . ... . .,.
<br /> � • . �wftt►tfie baimee mmafialg tae aD In�IIments far ttems(�).(b)and(c)and any rmorte,psge U�surenao p�ntsme[nstaf�mert - ' � : . �
<br /> _-_ • .�� , th�4 LenQer hea rtot breome obUgated to pay to the Sacsetary.end Lend�sfia9 prompVy r�w�d QnY ocoess t�nds to Borrower. ' j , ..
<br /> � Imrttedt�telSr prlor to e facedoaure eafa of tha PropeKy a tt�s�ctaiflon by i.endrt.Bonawer's aecaunt shaD bs aedited rrftb anyt . , �. .
<br /> '"'�- , . , �-- •br�arts�e�ernatntng fw all lnsba&re�ta tar liens(a�.(b)and f�}•.. • ,.._ - _ _____
<br /> �' 2 G � : '3.A�fp!leattan of Paymanf�.AO paymerrta under psiagrsphs 9;and 2 sRallOe apPlleO by Lender as toQowa �
<br /> L ��. � � FifEt to the moRgage tnsuranee pre�Mim to be paid by L�ndv 4o tha 3euetary or to the manthy ciiarge by tha SSaeffiry � .
<br /> -, � Fnst�ad at the rtcanthTy moRgage(nsusenee premium: . . . ,
<br /> ---r �, ...` . SYCOtid.to erry taxes, syee�al assessmerts. leasehotd payments ar �cund rer�. end &e. 9ood and oth� haaar� , :. . . ,
<br /> - , ; insutatsee prsre'ums.ae�quire� ... "_
<br /> , . ThTrd.to Urterest dva under the Hote; ' ' '
<br /> , `-� • - � , Fqttiths to emor�attan of the prineJpe!of the Not� .
<br /> �:ti. . . Ftith,to tete charges dua under tfie Note. . �.�..
<br /> �� � ~�:� • ` . 4. Flre, Ftoed and Other Hazard Insuras�ce. eorrower sAan msure au trr�rovenerrts on u,e Propery.wtieu+er , � , .
<br /> _ e�.x� � _.. • .
<br /> 4� � � naw in e�dstenee o�subsequer�iy erected e�tnst enY hemMs. easutiltles. and wrKingenc�es. (ndudtng fira. tar whi� Lender ,,.. .
<br /> ' �( � ' ' �equges instaance.ThLs(nstnanee shaU be matrttah[ed in the amounts and tos the petads that Lecder requlres.Bor�wer sha0 _ :
<br /> �" � . ' . elso insure aU fmprovemens on the Property.wheth�now in existe�ce or subsequattiy enecte4 a�inst loss by ftoods to the '
<br /> � • . m¢ent��eed by the Seaetary.AO irswance sheU 6e eert(ed wfth compantes approved by 6end�The insuranw po�des and .s .
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<br /> • , ' • arry�enewais sfiaii be heid by�endrs and shaD Indude tosa payabte G�ses fi tavor of.and tn a fortn acce�i9bte to.Lender. . ' . �.:
<br /> � �`., . " � In the event of toss, Borrower aha0 gfire I.eider irttine�ate noUce by maD. Lender n�y make pmof at lass tt not mada � �ri, ,.
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<br /> - •. , -._:.:.. : .1 ...�, pror�pttY 6f►�8onowa•Eaeh insurance company concateed fs hereby eWhoriz¢d and�rected to rr��'ce paymait tor sach toss �.; �r,.�;;-�;;�;s�
<br /> . . ,. . ...�_-. .A0�c� of-the-Insu�anee. be Qed_L .- -- -• -- -
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<br /> , .. . . .�recity�to-i�nd�;�tns0ead-of to Bntrowee°�and-tc��iender�-joh►t{!► -�Y-t� ��-�!F eDA '�- . . - , ;�•�
<br /> • • ; Lender at Eis apiton,ei�tc�(a)to the reductian of the Ind�tedness und�the Nate a.�d this Seemity Instrum�+3.ftrst ta a.-sy+ - •
<br /> . , , • deBnquerl amauMs appTied in the ord�tn Peta�aph 9.snd the�to Pr�ayment ot�:s�al.or(b)to the resto�or repair of ,:":�%,,--
<br /> � the damaged ProAetq• Q+'n! BPPQ�n oi the proeeeds to the pr(rtdpal shaA not �sd er postpone L'�e dua date oi ffie ;.��`��'�.
<br /> .. • ' morrthty paymxefts which are referred to (n Para�sph 2. or eh�ge the amourR of such Qayrt:erts. Arry excess (nsuranee � , � .....�`'- ,
<br />-- . .---;..�� . . • . , ...,`� - pmcceds ov�.en.amourt requtred to pay all outsten�ng tndebtedness under the Nota and thTs Se�fty instnunent sha8 be Paid , ...
<br /> to the e�tily IegaQy ent�ted thereto. ~� �
<br /> • tn the evertt of tor�osure of fhis Sewrftyl irtshument or other transfer of Utle tn the Properly that mGingutsfies the �
<br /> . . • �.. � tndeb2eEness.efl ri�f,title and krterest of Bortower in end to tnsurance poDctes(n tarce shell pass to the pur�hes� � • , ' ,
<br /> �` •.�� � � 5. Occupancy. Presarvation. Matrttenance and Protactton ot ths Pwperty, Borro�rer's Loan . � �� ;.,�A�. -.
<br />-�. .y. : ` � App![C�tton; Leaseholds.'Bonmver shu0 occupy,eslabQsh.and use the Froperty es Borrowefa principai residence within • -�-�-,.� "��� ���
<br /> ' s(�y days aft�the mceaNan of this Securtry Insbum�t end sha[I conUnue to ocwpy the Proyerry as Borrower's princdyal � ; • � -
<br /> � residenoe for at Ieesl one year after the date o!occupanay.untess the SeexetaqJ dste►mines thls requimment wm eause unduv � ` �''.
<br /> .. Audship for Barrower, or untes� eMer►uaUng ctrcumstancra exlst whicfi ara beyond Borrowcr's control. eorrower sh�D notity •'r' � `
<br /> � ' � � Lendea af arry extenuathg circumatance�. Bor�awer aheU not commft waste or desVOy, damage or substanttal�t chenge the i . • �
<br /> ` . '" � • , - ProperH or attaw tM P�operty to deteriorate.reaaan�ble Weu usd teu excepisd.Lender may tnspeci tho Property N the Properiy � i' _. _
<br /> �•� ;: ta wearrt or absndoned or the(oan is (n defaufl. Lendsr may take roesoneble aeUon to pro4ect and preservo aueh vacant or �• � .' • "' ,
<br /> �. , abandaned iRopety.Borrower aha9 also be In detautt K Bonower.dudrfg the loan appiteatlon procass,gave meteri�y felse or ��••�-
<br /> • � � Inaceurate�famutian or staDem�nts to Lender(ar talled to pmvide Lender wlth eny matedal tntartna4an)tn connecUon�Ydfi the , -
<br /> _ . ' taan euidanaed by U�e Ncte.t�r��ing,but not(3mife�to.repreaenta@ona coneeming Borrower'8 occupancy of the Prapaty as a . �.:"�, '
<br /> ' pr6�dpal restdence, if tAts Seeuriry Instrument ts on e teasehold, Borrower ehall eoznpfy wfth the provisfona ot tne feaao. B �_ •� '
<br /> '' � � � Bomuw�acquire3 tee fftte to the Propefy.the leasehold end fev�tfe shall noi be merged untesa Lender e�ees to the m�ger in
<br /> _ , � w�tBrtB. . . .
<br /> >;_ . . ` >� 6. Chargn to Bo�oanr and Prot�dton of Lsndar's Rights In the P�operty. eormwer ahaa pay au �
<br /> . ` �• govemme�Ret ar munieipal charges. Mes and tmposktons tha4 ere not tndudad in Paragr�h 2. �orrower eha0 pay these , .! " ",
<br /> ' �.' • . � '�� o 6 0 g a t t ons on t H no d c e c f t y t o t h e e�i ty whi ch is owed the p a y ment N fa3ture to p a y woutd advers e t y r aftect Lenders Urt�est In !( . ...� • �
<br /> � '' - the Properiy.upon Lendefa cequest Borrow�shaB prompby►tumtsh to Lender receipts evfdendng these paymenta. �.. , .
<br /> . I}Bam�wer ta9s to make these payments or ths payments requVed tiy Para�aph 2.or tails to pertarm arry other cov�aMs , . . _
<br />_ . . � and a�eemertts cor�fied in this Seairity Instrument,or there is a legal proceed'mg that may stgniftcanUy aftect Lender's dghts(n � . . .
<br /> • � � , • the Propaly(such as a proceedng tn beniauptcy,for condertmatlon er to enforce taws ar regutffiIons),lhen lender may dq end
<br /> � � *�: ' . . . pay whaie►rer fs necessary to protect the vafue ot ffie Properly end Lender's dgMs tn the PropeRy.inctudtng payment of taxea. ! �
<br /> . ha�rd insurat�ce snd oth�t items mentloned in Patayaph 2. t . • .
<br /> � � • , • Atry amouma dt�butsed by Lender unda this Paragraph sfia0 beeoma sn addBlanal debt ot Boaower and be setured by i ; ,
<br /> this 3er,w'ty�nstrument These emmmb sheD bear interesf trom the date af disbursement,at the Note rate.and et the option oi �
<br /> :� ' - teader.sha➢be inane�atety�e end payaEte. ' �
<br /> . '. . . � ' 7. COndYmnatY�n.The proceed9 of any award or daim tor damages, direct or eonsequer�al,tn connecHon with erry � �
<br /> . � cortdecrostian ar olher�ng of ar►yr peA oi the P�oyerty,or tor comeyanca in pface of eondemnatton,ete here4y assi�ed and �
<br /> '. �`�: aha9 be paid to Lender to the e�ft of the NJ amo�mt af the Indebte�ass ffiat re�nalns unpald under the IYote end U►is • .
<br /> , ,, • � Se�aarRyr Instrument L�der sh�appiy sucb proceed9 to the reducttan ot the indebtedness under tAe Note and lhts Seanfty �
<br /> ,ti... . . lnsLnnnenL first to eml Q�n�ert amourrts apPQed in ttre order proYMed in Para�aph 3.and then to PrePayment of pdncipaL � ,
<br /> __ . qrry app4catton o!the prooeeds to the pdndpa!sha'J noi odend ar pos�ono the dua date o!the morithy payme�ts.which are �_ .
<br /> . ' rctemd to�Par�qraph 2. or eAange the amount ot sucA payments.My excess procee6s aver en emo�mt requhed to pay all
<br /> {""� • outstan�fg Indebie�ess underthe Note and U�Is Seaofty tnsnumerri shaD be pald to the enUCy t�ga9y en�tted tAereto. � �
<br />_ . ..s¢' .
<br /> '� , :�.�•._:,� �. ' s.Fa��.lenda may coQect tees and charges authacized by the S¢aetary. _ �
<br /> ":±: 9.Ground�far Acceteratton af Deb�. ' �
<br />_ �'%- '�, •� . . " (a) Daf�uit Lend�may. exce,pt as Gmited by re�ons issued by the Ser�etary in the case ot payment detawRs. � .
<br /> " � . cec�uke 6tertediate paymmt fn tu➢of a➢sums seeured by this Securfty Instrument(f. �
<br /> , . • n Battowa defau9s by fafling ta Pay tn tuD a�ry mamhy DeYn►ait�eRu}ted by this Sec.�u�y Insbumerrt pdor to ar on ; � .
<br /> � . � • � . � , the dua date ot tt�e ne�d montAry payment,or ,
<br /> - . • ' �� (u)Bnrtawe detas�by taling,far a pertod of Nirty d3ys,to perfonn any oth�ob9gations conteIned In this Securfry � _
<br /> tnstrurr�nt . , . .
<br /> . , � .' (b) $i��Wtthout Cradit Appraval.Lender sf►aR,b R�ted bN eDP4rabte faw and vlth the pdar ePProval of the �
<br /> � Se�etary.2qutre Gmrte�e paymeat fi ftdi o1 eff the sums seaued 6y thls Security tnstnmeM H: � .
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<br /> � t3B13.�1d0(0� VaQe 2 ot 4 ,
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