|
• -t�",�""�,"?^'�`�'a7rall - y"R:?tt��`'"� � '� . . ... t . � r ._. . - ., . .. . ._. .,.
<br /> .�
<br /> _ 5- EU! t �i i�ti{ '1' t .�.. __ - 1 - l. � � ��1 E._ ' :
<br /> � �,.ai .�._�,--` __— .f,_ — � � tie l-�}.-,� . - , ,
<br /> ;1r1,1-� •• �� •
<br /> � �� � � . . ,1... i
<br /> i i. • � ,
<br /> .._ -� . ,.. � �
<br /> :;� .a
<br /> ; ` ---� - , ..
<br /> .. • �" � „ � � •
<br /> .
<br /> , ,.. , . . � -- - _-
<br /> __.. „ _._...__�
<br /> � -�, � �.� , .. .....,,.,--- - ._., . .. ...
<br /> ....,,. . ... . . - (�
<br /> -•fev�ia:•�a- .� -,__ • ,. .,._.____...- ...
<br /> � �-�r��,!!r- ..�,�. _. .. . _ .. .. . �a ...a>:_$_ _�-.
<br /> M
<br /> n . ��y ��r._
<br /> o -
<br /> , f .
<br /> ��j ws �i�����
<br /> ' HURRI)l111?!i CUV�?NAN'l:ti thu!Ili�n'o�vrr ir I,nvll�lly xcirril ut thc r+tut�hcrchy�iiiiv�ryed nn�i hu.�thu�i1S1�(n4vitiild '`
<br />` • nnd remv��y Ihr I�r��peny nnd that thc Mt►�x�ty iw unencwnber�d,rxcrpt ti�r encumbrunc�w uF recur�l. H�m�v�r
<br /> . ,.- will dctcnd generally ihc�iile h►Ihe�*rnrenv u�uintit all cluints und demui��ly.�ub,�csi t������y cr►�umbr►u►cco nY tc�.nrd. --.
<br /> �„ v_
<br /> -- �- UNIt�UttM t'��VFNANT5. `-`
<br /> . � .. --- t. Pc�ymcM��f Frtnripui,[nterest ond 1.a�to f'he�e�r. Borrowth'r:hntl pay�vhen daL thc prin�ipal�f,aad inceze.9t an.
<br /> f.ha
<br /> _ - = thc dC6t�vldenccd tsy•the Fv�ue antil tntc chnfgca dne un�kr tha Nate. �_„A__,
<br /> I� y� 2. Month�y Poyment af Taxcy,li�sar+m�r�and Qther Charges. Bom�wcr shnli inrludc in euch nlanthiy pnymcni. r_«,
<br /> =t��= tagcthcr wlth tt►e princi�xi! nnd intcre�t av �ct fun}� In the N��to nnd c�ny lntc chiugey, n s�nn far (n) tuxcs and tipectnl
<br /> _,..�.,..�c•. n.tiscssmenGti Ievicd or ta bo tcvted agntntit tho Pruperiy. (b? lencehold payrteenl.y or ground renl.y an tho Piroperty, und
<br /> ` � tc)premium.w for insurunco reNuired under Pam�traph 4. In imy ycur in which ihc l.ender mutit pny n nt��rtgugo imurance
<br /> premtum tc�thu SecreUuy��F Hausing nnd Urban qavelopmrnt("5ecretary"),or in cmy year in which xuch premium w��utd
<br /> hava bce»required if Lcndcr stiU hetd the Securlty In�uumcnt,each monthly puyment shaU alxa include eithcr:(i)n hum f�r __ _-
<br /> b Lcndcr to tho Sccrcuuy ar(ii)ii monthl chnr o ingtcud of a mortga�c
<br /> the imnunl mo�i a�a insurancc prcmiu�n ta bc paid y � y �
<br /> ., insuranca prem�um iF tldx Security Intitrument is held by tho Secrctary. in A rcasannbto amnunta��umye�id ta I.endcr � �
<br /> _ ;. ; �� Secrctary. Bxcept fc,r the manchty chargo by tho Secrctary.theso items arc culled Eacmw ltem� cu� P =
<br /> _ .,. are cutled"135crow Funde:' _
<br /> . x:,�':• L.endcr mu y,cu iu�y timc,callcct und hald nmountti far Eiscrow Itcinc in an uggrc�nce amaunt not to oxceed tho mnximum �_
<br /> " � nmaunt that muy be r+eyuired for Borrawer's esccaw uccount under the Reul E.�tato Setelement P race dure.v Ac t o F 197 a. 12 � _
<br /> � �+ s.�• U.S.C.� 2b01 ct �c.a• and implementin� mgutudonq, 24 CFR Pnrt :�500, as thoy muy bo umended i'com tima co time _
<br /> �` ("RESPA").oxcept thnt the cus h ton ar rescrvo penn i t t e d by R&S P A f o r u nunUci pated dishunament�9 ar disbur�cmentx befaro i�_
<br /> �"�`�� tho Harmwcr'H pnymen4g cvo availabio In d�o nccaunt may not bo bnsed om m�auntv duo fur tha mortgogc inhurancc premlum.
<br /> -.. �� If the wnountv held by l.ender for Qscrow items excecd the amounGypermitted ta bu hcld by RLSPA,l.cnder�+hu11 dcal �
<br /> Ssrow�ltems when duc.�lAnderbmuy natify tho Bam►w r�imdfrequirc Hor awerta mcilce pmthc�xha�iia�e urideficie�cy�ag
<br />;; ,�.:`- � permitted by RESPA. -
<br /> i•� 'ihe Escrow Flindy aro pledged av addidonal sccnrity for all sums Fecurcd by this Secu�ity Instrumcn� If Barrower
<br /> �`��� 'I�.. tendcm to Lendcr the fial puyment ot nU such aum.a,Horrower's accaunt ehu11 tw crcditcd wIth tha bAlaito i+cmuintn�for all
<br /> ` -� �?'��•, insu►llment items(n),(b).and(c)und nny mongage insurnncu�rcmium installmcnt that Lendc�h�,v not becomo obligated ta -
<br /> - puy to the Secretary�and L.endcr shuil p�mptly refl►nd any oxccss tlmdv to Barrawcr. Immediateiy prlor to a forectosure s�le ____
<br /> 4+ of tho !'roperty �r itx n uisltlan by Lander, Borrower'9 accaunt Fhall be credited with anY bulance ��rnai�►ln8 for a11 _
<br /> tnatulunent�far itcros(p)�?,und(c).
<br /> �y r S 3. AppilG�tEo�o� ymrnts. All puyment9 undcr Pc►rugmpha 1 Ar►d 2 sh�tl6e e�pplied by Lendcr as f�llowy: F. .
<br />� � '�`'"'`�. �'�� �i� to tho martg�e inaumnce premium to bo puid by l.ender ta tho Scrrewry or to tho manthly chtu�ge by
<br /> =-�'�; - ��-- the Seerewry i�stcad ot tho monlhly tnortgago insurance premium; �°� ��-
<br />---.: 1 �� �� to any twec.v, speclnl �uscssment�, IeASehald payments or g►�c�und renY9,and fire, fload ond othcr
<br /> `*�_"'- `'�`� huzaM insuranco pnemiums,aq rcquired; -----
<br /> .-�.-..�`� �g.t�lnt�e�4��de�'thn Note; -
<br />-`===�;=-�� O�,J$'Q�.w umartlzudon of tha principnl af tha Notc:
<br /> '°"�`'''� �,ta Inte chargav duo under tho Note.
<br /> - _�—�'� 4. Fy�+e,F1w�d And Other HararA Insuranoe. Borrower xhull insure aU improvemen�9 an tho Property+.whether now
<br /> — �Qn��;,�,���� �.:� Aoni � an�r hnaard.�, cnauntdes.nnd condnsenciea, iacluding flre. for which Lender
<br /> . : reyuireq inxurunca. �RiI9�flAUtAACC R�113I�muinssilned in the amounts nnd for the pertoda tnut t.cndcr�quir�. 8mtuv.�r _
<br /> - g��� shall niso insuro oll improvemenu:on tha Property,whether now in existenca or�ubcequendy erocted,ogc►inet!o�►by�oods
<br /> -- ta tho extent required by tho Secreinry. All Insurunco shutl be cm�ieci with companice appraved by Lender. The imsurunca
<br /> _-�_�=�� policie9 and any rertcwAl.a shnll be held by I.cndcr nnd ahnll includo loss payablo clnuses in fnvar of,und in n farm acceptaale
<br /> � ,�� to,Lcnder.
<br /> ln tho evont of lass,Barrower�haU givo l.cnder Immcdiato nalice Dy mnii, l.cnder may inake praaf of 10�.9 if not made
<br />� - promptly by F3orrower. &ich in�;urance campany concemed is heteby authodud und directed to mnf:c payment for such lass
<br /> � c
<br /> -- ;e dlrectly to 4end:r.instead of to Homower nnd to l.ender Jaindy. All or any purt af tho insurartce praoctd9 mny bo npplled by
<br /> Le.nder.at itx optlon,elther(u)ta the reducdon of tAe indebtedne!�g under tha Nate and this Securlty lnswrt►en�first ta nny
<br /> dellrtquent wnc�unw appl�ed in the arder in Pum�mph 3.end then to pmpuyment of princlpul.or(b)to the restomtlon or repair
<br /> � of ihe damqged praperty AnY upplicndon of tho proceedA to the principal�hWl not extend or pastpane the duo date of the
<br /> - manthly payment�which arc rofemed ta in Ptvagmph 2,or change the nmount of euch puyment�. An excess tnsurAnce
<br /> pmcad.a over an amauntrequlred te pAy aU out�uuiding ir►dehtednas.g under tho Note and this Secudry
<br /> nsdument eheil ba
<br /> paid ta tAo cndty legally endticd thereto.
<br /> - In tho cvent of foreclasuro af thiR Ssxudry lnadvmant a�other Kunafer of Nde ro the Praperty thut exdnguishew the
<br /> -L� indebtcdness.nll�18ht,dtlo and interest af Horrawer in und ta insumnco policfes in force shell pase ro tho purctu�r. -
<br /> - S. Oocu{wncy. Pra;ervatb�i. Matnteiwnce and Protection ot th� Propertyi Bos►vwer's I.oan AppUcatbn�
<br /> �-��--��- Lesseholda Barrower shall cx:cupy.estnblish.und uso tho Property av Borruwer's principul nesldenw withiu siuty duys after
<br /> tha execution af thia 5ecudty InsWment end�hull cant�nuo ta occupy the Property as Barcowe�'s principnl nwlcicnco far us
<br /> � le�st one yenr after the dute of accupancy.unte.�.g ihe Secretary determin�this requit+cmcnt wlll caase undue hardshlp for
<br /> - Bomawer.or unkss oxte�uut�ng circumstance.g oaist which ara beyond Horrowcf a control. 8orrower fihu11 natify icndcr�af
<br />---�---- - uny extenuuting citcumstance.v. Homower s�hall not mmmit wasta or d�,.�stroy,dumage or aubstantinUy change the P�uperty or
<br /> -���'�� nilow tha Praperty to detc�orate.[eusonuble we�ur and tear oxoepted. L.ender may inspect the Prapersy ii the Property iR
<br /> vacant or ubandoned or the losu� ls in defuult. Lender may wko res►sanuble ucdon to protect nnd prescrve such vucunt or
<br />_,_�Q� ubandaned Property. 8omawer sha{I ulsa be in defauit if Bortawer.during tho lona ppplicution process,gAVe mntedully fulso
<br /> -- -- or inaccurate infomwdon or statementa ta lender(or fuiled ta provldo Lender with any mnteriul informadon)in connection
<br /> �� wlth Qia lann evideneed by the Nate.inctudln .but nat limtted to,representntlons conceming Bomawer's occups�rtcy af the
<br /> ---�'=�� pmpe�tyr as e psincipal residenoe. lf thi.v S�ry Inatrument ia an a leaschold.Hormwer shsdl comply with tho provlsiona af _
<br /> ;;�_��� ti�e h�.,e. if Boriawar ac�uises frt ddr.sa the�'ra�tY.the leas�ho4d end fgs ciile shell not b�mer�ed anlcu+l.ender ogr�to _
<br /> s�e;� tho merger in wdting.
<br /> 6. Chtu�qes to BocroRer pnd Pn�tecNon ot Lender's Rights in the Pruperly. 8orrower shall pay cill gavemmcntal
<br /> -�-�"� or raunicipal charges,fincw nnd impositlona thut nre not inetuded in Paragmph 2. Horrativer �shall pay these obLgndony on __
<br /> _:_;�� time dir�ctly to the enHry �vhich is owed the paymen� If failure to pay would advensely affect Ixrtde�'A interest in tho -
<br /> :_.�� Property.upon Lcnder's request Borrower shull prompUy fumish to Lender[creipGs evidencing these paymcnts. _
<br />�����,� lf Boirawer fails to muke these payment�ar tho paymenty rcquirccf by Pamgrnph 2, ar fuils to perfortn any othcr __
<br />:_ �, .�.,r• covenant�nnd agmementv cantolned in th9s Secudty Instrument,or�hero is a legul pracceding thut may slgniticnnU� uffect _--
<br /> �;.��-."�-,� . Lender'v rights i�tha Prnperty (such as a praceed(n� in bankruptcy. for condemnutton or to enfanx laws or regu ations), °�
<br /> •,;,,r: .:� . lhcn l.cnder ma do and a ►vhatevcr is neces. to prote�t the vuluc af the Praperry und L.ender'x rights in the Property.
<br /> ..
<br />"�'??'�=-�~�� � includin a ment af taxca,hvrnrd insurance e►nd on�tes items mendoned in Pam h 2. �`
<br /> . ;,=F , . E P Y t
<br />= .,yy. . Any nmountg disbursed by I.cndcr under this Pursgraph shull become un add tional dcbt ai'Borrower and bc�ecured by
<br /> =j� Y:' (
<br /> •*�. this Securiry Inswmen� Thesc amounGs shull bcur interest from the datc of disbur�emcnt,at thc Natc ratc.und�►t the oprion �;
<br /> ` :. �r,�* '• of l.ender.c�all be iramediately due and payablo.
<br />�'� '..��F �
<br /> ,;�` �,,� �:;:
<br />-=i������� �,.
<br />--s�m..:_ -
<br /> � • , , �r.
<br /> c
<br /> IPuge 1 oJd pagnl -
<br /> ..,.�.. _
<br />
|