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<br />..:e�:�a;��?'���;:� � 2, fl,Tti:��i?4Sy��a,yra:Utl•;r�['�':+r.r.s,lr��l.ra►YCL azuf iltn:i�d.l�ai�:-. , . _--
<br /> togctiic�'wiih tiin prim.'it�al attd i:��2��_�.t t�ti s'Ct 1i;t111 iil 111: l�l:;� •:r.� any l:��a ct�a,}_��ti, c�i� in�.i•:Ilit�csi� o�.;i�y' i:�) t:�>.rs ancf �
<br /> ---- sp�;c;ud as�c,srneius.l,.vicd or ro bi:lccicd agaii�4t the prupeity,(M Ic��:CIIOI(J�JaylliCtllS UI'�,COiilt(I i"�:lll�oif tl�c 1`roj�t't1k'. :��:;I --�
<br /> _ (c)grcmi���„�:€nr ii��ntai�cr,rcquix+�cl�y Pai�u�;ral�Y+h. ,.
<br /> - Each montFily insiatlment for itc�nv (aL Col ancs f�) �i�u{: ,^i��l cy=.�^CIAh nf 4hc n}u:aai :�s:�iuit;. r.,��t:�•cui+t�i�1i
<br /> , r.stimatcd by I.ender,P��amD nt�for c1}j►iiein sh.11�bc.�ci�nnul�red i p LcnC�::�w itii�'a.npc io 1 ending�ne mnnth tx:fc rtran-� : j5.�, -
<br /> :ur�io�uts. '�'I�c full�n t� ,��zd c bef�tirc:.:ti?c,
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<br /> � -�� iter� would becume t!e!inc�uenG "Lender sha11 hatd the ar�iom�G, collcct�ci. in•a•is�t ta(�a}+.rft�ms(»),O ' „ . ,+5'., ,
<br /> ---_ .- . bc,�'omc dcii�yuehL
<br /> -'-�.w...... If At fU1y tlill`J;Lfl F`alPl��IbI UU�.CItdCC D7'�9f t0!hC(IUC(IBtC.S Of 5l1f.I1�3�111�St'.���XC.C.0 d4 hy�tn�e 1in t C��ithi G��the,etino�an�si � � ,.'::.: ._.
<br /> �° payments for st►ch�, �. P Y � �4 if ?ai► irici��s� on�.thc -Natc arc cu��nt, tf�cn I.cm�:r . � ,, --
<br /> --�:,",,:.,� .uuau►�t ok' payme�cy reyaire�t jto.pay such i:�ms wh;.n due, �.n- Y _
<br /> S��j� cn�tscto sub c tucnt�ymen�s by Borro cr,at thc�opl}n of Borrow r.c�if th�fotal of tl c�paymcnts madc�by B�row�
<br /> � m amount necessary io
<br /> f r item(a).(b),oy(ci is insutficicnt to pay�hc item when due, thcn BoiTOwer shall pay to L:ender 12y�
<br /> ma�:c up thc del�ciency on or before the date the itcm bccoincs duc.
<br /> As uscd in d�is Sccuriiy In�u'�uncnt."Sccrctlry'�in��ns thc Sccrci�ry of Hausing and Urban Develnpmcnt rn his on c�r
<br /> dcsigncc. ln any year in whicit the l.ender must puy n mongaFe insurancc prcmiu►n to the Secrc��ry (y p y y��'�n wliich
<br /> ----� :;uch prcminm woald�ave bccn nqaircct if Qic l,�:ndcr still litlel Ih�S n unywnbc naidnbY [.�n nr whhe Sccr taryshorl�ais�
<br /> in¢lude cithcr: (i) t��i insl�llmcrit of dtc nmtuu i ���c�<<g a g�{t s::a r�:':, -
<br /> monthly chnrga intitcad af n morcgiigc insurunsc promtuin if this Sa:e+rity Instrtmtani i�;hcld by N�c ticcrctary. �.:+<<�.i���������i'
<br /> '-=„=°�1"'' insai�hncnt u� t��a �nc:M���e fr.surnncc p�:mium shafl be in 1n ��lnun► hufticicnt to uccumul�tc thc f'uil amntaf iuurtbqg�:
<br /> .. �7. .•f..v tn Il:� ilniC lhC 4UlI J1llltlal IIIOTI�':�L'.�% 1111LII111�CV: 4)r��i�lUrii i; (�RC" t�a lhC �-
<br /> -°_-.:_°-=--= �fltiUYl11:CC (li'CI111U1i1 W1in I.CnU � ��w :+••�•�� i..... '� •.• --
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<br /> ---- — S��•re�r�,or if�hia �ccurity lnstrumcnt is I►cld hy thc �rcrctnry. cdch m�tnthly cha►•ge snaii oc �n i,�� :�i�R�����.. � •� --
<br /> _ -----= onc-t�ws�fth of onc-tmif perccnt of thc outstandi+��pr�ncipa!b��l;u�cc uucu:�tye I�ote.
<br />_-.��� If Borrowcr tc ihetit� bal�mcrremt ining 1for��Il in�tall nents for i�cu�y(�u),s(b)c��dY(G)yi nd�►1iy �ort�agc insurence —_
<br /> - --- --- shall bo cecditeQ w �v to the S,ecretury,and L.enda shcd! promptly acfund:uiy N
<br />_-_---__----- premium instnllnient that l.cnde�liu.ti not bc�:aine obligated tp p., q�,
<br /> -- -- excess funds to Bcrrawer. immedintely prior to a forcclosure sale of iiee t'roperty or i�5 acquixicion by�..cnder,Rorcower's
<br /> --- - --�� account sh�ll be credited with nny bafnnce rcnutining for n�1 install�mentsn�2�ch��b?�ol'ced bY I.c.nder as follows: „ _
<br /> __, - -"'�°'�.�---`-�'°-, 3. Applict►ti�n oI t•uymenr.4, A�i paymeni,ur�u....M'-a'�r.° -- --
<br /> —=-_'__-�:ae YtS ,to the tnoRg2ge insurance prcmium to be paid b,y Lcnder to the Sccrctary or to the melitht�r ch�uge oy
<br /> :�.��-:-�. _� tne�ecrernry insicau uf�ce rncrtl;l�:r.orcaage i�?s��rnnce prennum;
<br /> -��� S '�CONQ, to any wxes, speciul assessmenes, Iea�,ehold paymencz or grounci rentg. unu ����. ��"� ar.t!a:.�ar
<br /> =ur,�,y�h ; haz.ard insurance premiums,as reyuired; .
<br /> __ - 'H1 IRD>to intere.st dus under the Note:
<br /> r"�`•".^��1, . . p� URTH,to a�orli.ation uf the principal of the Note: . � —_
<br />-=��r,�u�_ •'• �1�7'H,to late charges duc under thc Note. �
<br />'-"'�-t:`��"•��r"� 4, 1Fire,gryood mnd Uther Hazard[nsurnnce. Borro�ver shall insure a11 improvement5 on ths Property,whethcr now
<br /> _=:,�.�".�,;�� in existence ar�ubsequendy erected, against Any hazw'ds, cusunities, aqd contingencies, including f[re, for which Lc;nder ,
<br /> -_�;,�_„��::;'�;^� reyuires insurance. '�'M:� [nsurance shall Ue maintained►n the wnoun45 and far the periods diat LendGr requires. Borrower �
<br /> R:�:��_�:��:�;,� shall also insure all iinprovemenGti on the Property,whether no�v in cxi�tencr ar subsr.guenUy erected,ngumst loss by floods
<br />�w '°"**^' � to the extent required by the Secretary. All insurmce sl�all be can�ied with companies approved by Lender. Tiie insurance —
<br />�4�:�4�•• � policies and any r:aewnls shall be held by Lender and shall include loss puyable clauses in favor of,and in a fonn acce�tabte -
<br />�M,�..i:, t.
<br /> =.ti'_*..,_ �� • to.Lcndcr.
<br /> `;Y=�w�"� '� In the event of loss,Borrower shall give i.endcr immcdiut,e notice�by rnail. Lcnder may make proof of loss if not mnr.fe
<br /> °-�'�",�� � -�` pmmpdy by�ono�vcr. Euch insurance compuny concerned is hereby authorized and directed ta ma1:c paYment for such loss
<br /> I;;�:r��;:, . : dirutly to Lender,insre.ad of to Borrower nnd to Lendcr jointly. All or unY Part di the insurance proce,�ds may be applied by
<br /> ","'?• , �" I.ender,at its option,either(a9 to the reduction of thc indebtedncs5 under lhc Nou nnd this Security Instrument,first to any
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<br />=t�<.''v=% �'+! dclinqucnt amoun�s applied ir.the ordcr in Paragraph 3,and then to prepayment of principul,or(b)to the restoration or repa�r � �y,:;
<br />�-_s�_~,�. of the d�unaged property. Any npplication of the proceeds to the �nncipal shall not extenp'y postpone y�e due d�tc of the
<br /> �::�;� ' � monthly�'raymen4s whu L areuircd rod ay�l!out�tand ng�indebtcclnes��nder�he Notc and this Security��In.ssvumcnt hall be
<br />:_r= - ., p.oceeds over nn iurio res� P _--
<br /> • pai�to the enury lcgally entitled thcreta. -
<br /> =�= Y•° � In thc event of foreclosure of this Security instrurnent or other transfcr of title to thc Property thnt cxtinguishes the
<br /> �tj.'!�� i i t d cbtedness,nll ri ght,title and intcrest of Borrower in and p r o t e c Y i o n P°I t h e Pra Fc r t y;��Borrower's�Loan SApplicntion; -__
<br /> " � S. Occupaacy, Prescr�+ntton, Mafntenance nnd
<br /> ' Le�seholds. Borrower shall occupy,estlblish,and use the Propert)�as IIorro�'er's principsl residence within sixry days after �:�
<br /> �"-�r;�•,`� . die execution of this S�curity Instrument and shaU continue to occupy the Property as Borrower s principal residenee for at ".'.=
<br />', '� r'+ �' .. . . le,�st one year ufter the date of occupancy, unless di�Secretary determineti this mquirement will cuuse undue hardship for ;�'._
<br /> "' Borruwer,or unless extenuating circumstnnc�:ti exist which are beyond Burrower's conv��l. Bon�ow�r shall notify Lenders of
<br /> :.�. . � - any extenuating circumsianees. Borrower sh:ill not commit waste or desuoy,dnmage or subsuintiully change thc Froperty or
<br /> a11oH� thc I'roperty to deten.orate, ret►sonable wr,ar aud tcar cxcepted. Lendcr may inspcct the PropetiKy �f the Property is
<br /> �",� ,,�� vac�nt or ubandoned or the loan is in default. Lendcr muy take reusonnble nction to grctect and preserve such vacant os
<br /> ubandoncd tcrinforrnat on or+tate c'nt�yrobLe:n cr(ortf�le�d ta pro'v d�e�Lc dcr�with�any1 material infoyrm tion) n connc.�;N�on
<br /> or inauura
<br /> •�- with the lnt�n evidenced b� thc Nate, inclu�ing,but not limited to,repre�entntions concerning Borrower's occupancy o t e
<br /> ' hcl�ne.alf Borrow�r acqu res fee title�to the Propertyuthe leaseholdl ind feetitBe�hall not be mer�d unleh�Lender a�ees to
<br /> •� ° thc mcrgcr in�vriting.
<br /> � `� 6. Chpr�;cs to L3orro�vcr and Protectton of Lender'�Ri�hts in the Nroperty. Bonowcr sliall pay all govcrnmental
<br /> � or mui�icipal char��.s, fines and impositions th�t«re n�t included in P puyruph 2. Borrower shnll pay these obLgutions on
<br /> __ time direcdy to Uic entity which is owcd the�payment;`1t fah�rn Itn der r ccipa c idencing thcse p ymcn�y�ntcrest in the
<br /> � •. ---�---
<br /> , Property,«pon Lcndcr's rcques[�sorrowcr���u�����..�r•v.-__._.. _. .
<br /> If Borrowcr fails ta mukc thcsc paymcnts or the paymcnts required by N�ra�raph 2, or fails to periorni any uii���
<br /> covenants nnd a�reemen4�contained in th�s Security instrument. or there is a legul proceeding that may yignificanUy uffect
<br /> Lender's righ4� m the Propercy (such as a procccding in be`�h pvulue uf tl e Propctny and Lendcrrs rights n the Property,
<br /> ' then Lendcr muy do und pay whatcver is necessury to prot
<br /> ' •• ' including pUyment of taxcs,hur.tu'd insurancc and othcr itemti mcntioned in Parugruph 2.
<br /> Any amvunts Jisbur�cd by Lcndcr undcr this P��ragraph shall become un addiuonal debt of Borrrnvcr and be sccurcd by
<br />' . � • � " diis Sccurity(nstrumcni. Thesc lmounts shull bear interest from thc datc of dis�urscment,at thc Note rutc.and iU thc opiion
<br />� of Lender,shnll be immcdiateiy duc and puyablc.
<br /> 7. Cmzdemnntion. Thc proceeds ot any aw�vd or claim tior damages,direct or conyeyuential. in conncetion with any
<br /> condemnation or other hilcing ot any pun of the Property,�r for conveyunee in plaue of condcmnation.tire hcreby assignec!
<br /> . , . und shaU bc paid to Lcndcr to thc extent of the full amount of thc indcbtcdnexs that remains unpaid under thc Notc and this
<br />� ' - Securiry Instniment. Lender shaU upply such proceeds to the reduction of the indebtulnes,under thc Note and thiti Security
<br /> `` ` ' Instrument, first to any delinyucnt amnunts �pplied in �hc ordcr providcd in Paragraph �. und thcn ro prepaymcnt of
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