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<br /> � HUt2t2U�VF:lt CUVFiNA�fl:y tlutt l)u��•u�vcr iv la�vll�lly ��i;cd ul'Qtc r�tutu hri�►hy cumry�rd�mcl hav�he il�,itl lu E;r��nt
<br /> ' �ind cunt�oy�thu!'r��perty��nd d►nt tf�c N��upc�ty i.r•tmcn�:und�c����d,��xrcpl t'ur cnrunthrunr�s ul'►dc��nl. Uu�n��vrr�vwran�v iutd
<br /> -,- ' - wIU drfcaii�;crk�+�lly thc�i�le t�►�hr�Pm��rrty�ti�;ain.t nit cinimv uud dcu�ands.sunl��t tu.u�y cntuutt,run��y ui'rcco►ct. .
<br /> - --- -- --- UNIf�UCtR'!c;UVfiNAN�S. �
<br /> - - � i. Itiymcnt of i'�lnclpnl,intemst uni9 Lnto Ciinc�;c. tlnrn�wcr�huli pay�vi��n�lu�thc�►�li�cip,�l 01:�►ad iatcr�st.,n. �
<br /> . . . . -: - - th::d�ht evt�i:si��!hy tk�N::t•�an�laG�chupen due ur.�cr thc�lei�.
<br /> • .- 2. Ment6ly 1'eymc�i of'i'nxes�Imur�ttce,N�td Qlher Cha��c.9. f�u�rnwc��t�nll Include in ciich munthly pay�nrnl,
<br /> -��T tagciher a�ith �hc pt•incipol aad intcrest i�s �et f��rtb in the Nute nttd iuty lnle chur�;r.r', � e�uin foe (a1 u�xev i�nd s��c.�cla�l
<br /> �;_�„__`�,�, ns,cssments lovic:t ur tu hc Icvicd af;nh►sl �.hc Pn,p••rty. lh) Ic;►,chold pi►ymcnts ��r gcaund nntti un tha Property, i�nd
<br /> • lc)prcml►unH for insur��ncc rc��uircd u�idcr 1'i�rnl�r�q�h A. In ��ny cnr in which�ho I.cndcr inurt��ay ��murtpngc i�thurancc
<br />__.._ . _.,,
<br /> -- �►.u�iuw tu iti� S��i�t«ry•of'ttou:;ing ,:nd tJrh;sn IA�ti•�lc,pat�stt t".'zrrct:zry,")�t:r i�s:s�:y yrsr!s�+���!•_!� r.uch�sxm:urs:ti:aul;!
<br /> ' , �nvc hccn ra�ui�td if I.cnci�r still hcld thc Sccurity Inrt�ument,r�ch mantiily payment st�nll niso�ncludc cithcr:(i1�c;um for
<br /> tho nnnuul maitr,i�gc�nsurnncc prcn�ium lo hc paid by I..cndcr to tlic Sccrctnry,or(ii1 u munthly chnr�;c inttend nf o m��rtgn;c
<br /> , . � _ insurt«tcc rem�um if thi4 Sccurit IltsqUlltCltt lti I1CI�1 I� tho Scc��ct . in u rcasonii�tc nmount to bc dctcrmina) hy t��c �._
<br /> � _ __ " Secretary.Gxcept for U�e nwmlily cluugc by t}to Secrednryytftcse items�enllcd"�:scro�v lte�iis"nnd tho sums paid w f.endcr ��_
<br /> _ {, '�� �iro caliccl"Escrc+�v Funds,"
<br /> , ' ',,�$,� IAndcr mny,at w�y timc,collcct cmd ho1J amauntti for k.�crow Items in nn i��gregc,te mnaum nn� ta cxccca thc m�►x�mum
<br /> - ' ? ' a�nount Ihnt muy bc rcc�uircd fnr I�arrowcr's escmw nca�unt undcr tha Rcnl Fvtntc Setticmcnt Proccdurc�Act uf 1974. 12 _
<br /> � U.S.C.� 2bU1 �c nnd im Icmendn rc ulnNonti, 2Q C[R Ynn ;�Sql1, nv thc m�i de anended from time to ti�nc �,-
<br /> - '�� � � EI._._4� P !t � Y Y
<br /> ("l21.S1'A'),cxccpt thi�t tho cushion��r rescrvc permfttcd b,y l3GSPA far unnnticip�ucd�N�:bursciucnly or cUsb�nscmcnt::hefi�in
<br /> `�` i� � Ihc BuRawcr'S pnymcnts i�rc i�vnitiihle in ihe i�ccoun�mny nat bu bnseci on anmimts duo for the martgnFe insuntnco premiun�. '�`_
<br /> -_ � - �, � If thc nnY��unty hcld by Lcndcr for k?tisraw Itcros cxcccd thc amountspermittcd tu 6c hcld by ItESPA,l.cndct hhitll du►I °='
<br /> � �� � with thn cxccss fimds uv rcquirccl by RESPA. li'tho umount�af i'und9 hr,id by I.vncter nt nny tintio nrc not sufticicnt ta pny thc __
<br /> '� '� �'�� Iiscro�v Itema when due, Lender mny notiiy the Iiarrower and require Horrawcr ta mnke up tha�hortabe or deficiency oy =
<br />_- �•-,.�' � . permittcd by RFSPA. -
<br /> Tho E?ticrow Flmds i�re pledged as ndditlonnl securlty far all sums securcd Gy thiti Security Instn�ment. If Borro�ver
<br /> - ���. • tendere to Lenrter the f�dl p;�ymcnt of nll such�:umy,Hono�ver'w nccaunt shall be crcclited with the balnnce remalning for nll
<br /> ..� intmllntent(tems(a),(t+).and(c)tuid uny uwrtgu};c i�surance premium ivaladin�et�t liiut[.endc;r liu��wl br.�uute uLligi�tetl W r_
<br />' � . ' • p�►y to tho Sccrctary,and l.encicr sh,ill prnmptly rct�md any cxccss fundy to Aorravcr. Immcdiatcly prior to n for��closure salc =-_
<br /> - - `� �� ' ofi' thc Prnpcitiy nr iG9 ncr�ulsition by I.cndcr. aoRa�vcr'ti nccount shall ba crcditcd with imy bnlnncc remaining for all
<br /> _ - . �- •'�' instnllnunts for itcros(n),(D),und(c). _
<br /> -__ - - � 3. Ap�ilicAtlon af W�y�;rats, AI!��iy�nents uncler Paro�rnphs 1 nnd 2 st�All be F+pplicd by Lendcr ati follows: --
<br /> _ _- �1Y:�� 1• S ,ta tho mon�ngc rosurnncc premium ta be pnid hy l.cncicr to tho Sccrcriiry or to thc monUily churac by
<br /> �_ _;;�; ,�. tito Sccretnry instc.►d of tha nznnthly mort�ugc insurunco prcmium; -
<br /> -� 5�+,�'pNi9, to uny taxe�, tipcciul usse�sments. Iea►schold paynicuis or ground mnty, iinet �ra, flaod nncl cal�her
<br />-`'-".:"•°-'� - •�� ha�nrd insurancc prcmiums,av m.�Ju�iird; _._
<br /> '*-_Uf}_. �_.'�'� TH1RD.4n lntet+c.9t ti1tC uridcr the Nnie;
<br /> _-= �' ""` 'o 'i ,to��morti�.�tion af thc principnl af thc Natc;
<br /> � -� '�'�•� ��'}�,to latc ch�rgcs duc undcr thc Notc.
<br />�-_��'�'�� 4. rY�r,Fioal And Other Nnzard Iusurancr. Norrowcr shnll insura�II Imprnvcments on thc F'�roperry.whcthcr nnw _
<br /> - -- _- in �victnne�n t�r cuhu�n�wntiv nrrrt�vl nonirtct nnu hn�n�da rncunldcu nnd cnnt innnnc i c��. lttc lw i�tlo �u'e. �iv u�lic h I1!IIt�C I'
<br /> __ ... .-.�.....__ ^ ___--.y_--._i --_----� •-- —•. •---• -------• --- --.._.z,_..---• -------° ---• - __ . - -
<br /> - r.��uirs insu�e,nce. 7his lnsur�nc�shat�maintFtinrd in tha amounta and for tha�:.rloii;that Lerdee re�uir�. Botsor:�er
<br /> -_- s���;z` shull also insure�dl improvcments on the Pmperty,whether nmv in existcnce or subscyucntly crectccl,aFninst loss by fl�dA
<br /> ----��=°�'�.�. to t1�o oxtent rec�uired by iho Secretnry. All �nsm•cuue eho11 be r.nrried with campnnies npproved R�y l�;nder. 7'he insurnnce
<br /> -_ =g-,t�_-�� ��` polictcs nnd any rc�icwnl.a stmll bo hcld bp t.cndcr and shnll includc loss pnynble clnuscs in fuv�r af,nnd in�i fnrm ar.ccptnbic
<br /> _°=��. to,I.cncicr.
<br /> - ,�,;. In thc ovent of lass,8arrowcr atinll�Ivc I..cndcr immcclintc natico by mnil. Lendcr mny��nnko proof af Inss if not mndo
<br /> -= promptty by Darrowcr. Lach insurnncc compt�ny canccmed is hcrcby nuthnrizcd nacl diacctccl ta mnko pnyn�cnt tar such lass
<br /> —_ � di�•ectly to I.endcr.instend of to llorrower nnd to l.cndcr Juintly. All or i►ny pa►�t of ahc in»uranco procculs mny t►e c►p�lied by -
<br /> — l.ender,at its aptlon,aither(n)ta thc�eclucilm�af the indebtedness under tho Note und this Securiry lnstrument,�ir�t to any
<br /> " dvlinyuc��t auuvunt�►�pp11cJ in th�w�Q�r in P�uu�ri►ph 3.�n��l ti�cu lu p�cpayinci�t af pti��ciNul,ur(b)to ti►c res[utntiun ur n:pa�lr `.
<br /> y =-`-� af thc clmm�Gail ro n . An n licntion af t c roccc,ciy ta thc r�nci aQ ghail nat extcnd or qt no thc dua cfato of th�
<br /> P i� Y Y �pP P P P i�• Pa
<br /> _ ---= monthly payn�ents which nre re crrcxl to in Pnrng�nph 2, ar chiinso thu +minimt�ot such paymenGS. Any excess insuuu►co
<br /> � procecci9 over nn nmaunt re�uiretl to pny nll oi�tstnnding inclebtedness undec�he�tilota nnd thiy Suurity instrument sh�ll bo
<br /> -- = p�11d to tho cntiry IcgnQy cndtled thcrcta.
<br /> -- --��;at.; ln tho ovcnt of foreclosurm of thls Sccurlty lnstrumcnt ar othcr trunsfcr of titic ta thc Praperty thut oxdng►dshes thc
<br /> --"=--��,�,, in dc btedncss,n l l r lg lit,ti�lo nn d intcrest o f Horro�vcr in cu�d to insurancc pn l ic ics in forcc s ha l l paes du t ho purc hnscr.
<br />___. ,�_y_��;:,l 9, bccupancy, N�rscrvutlon, Nlnintenur�co wnd Pir�tection a� tho Pt�nperty; dlornuivec's I.�An Ap�UcAtbn;
<br /> -=_�•�.f l�ca,schnlds. Barrawcr sht►11 aacupy,cstablish,t►nd usc thv!'roperty n9 Honawcr'c;�+rincipnl residcncc within si.rty dnyv nftcr
<br /> - -•� 1I1C C%CCIIIIQII OF IIIIY SCC1iT,ity Instruincnt and;sh�ill contiuuc t4 accupy th�Prapc►t���.v Aorrowcr's pelncipnl ce�idcnw for nt
<br /> --... -.-,�,-
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<br /> -- --�� Icnst ono ycnr nftcr tho�l�tc of occupuncy, unlcvs the Secretary dctcrmin��s this rcquirement will c�use undue hnrdship for __
<br /> �-�_,_____� , F�nrrov�er,ar unlesv extenunting circumstnncEav oxirt�vhich nro heyond Soira�ver's canvol. Horrotver shnll natify L.endcrs of _
<br />. ,__�:F��. nny cxtenu�ting circumsttu�ccs. Burrawcr shall nat commlt�vnstc ar dcsp�oy,di�masc ar substantially chm�fio thc Praperiy ar
<br /> -��,�,�•'�. nllau� the H•u,perty to detorio�,�to, rcnsonnbl� wcnr nnd tcnr cxcaptcd, l.cndcr mny ins�scct thc Property if the Property is
<br /> _--�;��` vacant or nbandoncd or 21ic lonn iq in dcfi�ult. Lcndcr mny tnko rensonnblo nction to protcct nnd pmscrvc s�ich vacm�t or
<br /> ,�-h�;.�� nbnndoned k'�aperiy. Bo*ro«er shnll nlso be in default if Hannwer,daring the loan applicution praccs9,gcive�nnterinlly fnise
<br /> ,;;�.;Z;;��� or innccurate lnformutinn ar stutcmcn�ti ro Lendcr(or fiuled ta provido C.endcr with nny matcrinl informadon)in connectlon
<br /> .���,��� wlth tho(oAn euidenccd by tha Nato, includins,but not Umited to,reprosenu►tians canccrning Han�a�ver's occupnncy of tha
<br /> _T,,,,�;�_ .. Pra�rty as a�rincipnl residenco. If uhis Security Instrumcnt is an a Ica.�chold,8arrawcr ehull rnmply wlth the pmvislons of ___
<br /> _ �?' tha e.�.;:. If Sos�rc�u;�r sequ9re;f�tltle ta t�s Pro�H�;.the Icasetsolc!:�nc!fes dtle�ha!!not!�sncr��uole�s Lender agr�;to . -
<br /> �'1�;�1��['-''.�•• —_
<br /> „ ���' ' thc m�rgcr in writing. -
<br />'-'�,�;,� b. Charges to linrrower and ProtecNan of l.ender's RI�;1►�91n th�Pro�erty. anmawcr shall pay nil gavernmantnl
<br /> -1t'" . ar munlclpal cl�argcs,fincs iind impositions that arc not includcd in PiUC�graph 2. Borrrnvcr�shnll pay Ihcse abligadons on -
<br /> __ •- ' time direc:tly to tho entlry which is o�ved the pnyment. If Cniluro to pay would adver�ely nffect Lender's interest in the �'
<br /> °- ��. Propc�ty,upon Lender'v rec�ucst Borrower ehnll promptly furnish to Lender t+ecelptg evidencing these pziymenu. -_
<br />=°n'� r lf Bon•owcr fnils to mako thesG puymcnts or thc pnymcntv roquirccl by Puragrnph 2, or feils to Ncrfonn nny ott�cr .-
<br /> , • eovenants nnri ngrecmen�v contnlned in this Securlty lnstrument, or there is n Iegal proceeding th�t may ti�gnificnntly:iffect
<br /> .. Lendcr's rlgt►ts �n thc !'roperty (FUCh ns a praccedinF; !n Gnnk��uptcy,far condr,mnn;ion ��r ta cnforco I�iws or rc�ulotions).
<br /> . � . thcn l.cndcr i�my do nnd pny whatcvcr in ncccssnry to {rrou.ct tho vuluc nf tlic Pruperty and I.cndcr's rlghts in thc 1'roperty,
<br /> - • including pnyment oi'ti�xes,hnuud insurunco nnd nther ftcros mentioned in Purngraph 2.
<br /> _ Any nmounts disburxcd by Lendcr undcr this Para�rapt►shup bccomo nn ndditional dcbt of F3on�o�vcr nnd hc sccurccl by
<br /> - _ , �. . thls Sccurity Inst�umcnt. Thcsc n+nounts shnll bciir intcrest frnm thc dntc af disbu�scment,nt tho Nato ri�tc,nnd iu thc aptian __
<br /> - • of I.cndcr,shnll bc immediatcly duc nnd pnynbla.
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