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<br /> 96� '�l.i��+s�' �QA1�1{�(Q. 1 5 3 9 2 1 4 3 1 2 �.,< —
<br /> 9.��yt��tit af Prin�Ip��,inY�at aen�Late Ci�asge. Bormws�eh�ll Eaay when du�tha prin�ipal o!,end tnietest cn. °`. ' .. .. .- :;=_.�5`�"-_.
<br /> 4hs dc�b2 evldenc�d by tPie Alat�and late chmrges due und�t tfie I�ate. ; :, ° " °�
<br /> �E'd��t�Payt�sriL��Yt�a�Insura�ecFt,an��ttter Cis�rQga Borro�arer shai!tnd�m tn�ch mnr+tfily '�_.�.;`��'�` '•` : -
<br /> ." c . � _=-
<br />� :��:' payr�.srs�tagether wwitFs tP�C��r,�}t�l and i�'tere��t as sat toM U the hot�and any tste charges.�sum for(ap ta�ces and ,j,::r:.�_ _� :-a
<br /> Ps _
<br /> 4,. s geciai es$essrr:s�I�vt��d'a��mL+br�levie�ag3tnst 4ha Propsrty.(b)lea5ehoid paym2rds or greund rerns on the �..,,;;. t::;. �;.�,.-•-;- -
<br /> �,.:
<br /> �- Praparty.��(e���rrtua^s�(r��uancs required u n d�r Paragrap h 4.{n a n y y e a P l n v r h t c h t h e Lsnder must l�a Y a ,,.,: �
<br /> .- - mortgage insue�,.�ca�t�rrJu�to Yh�s SecretarY o?Housing and Ufia�i Qsrre!crprr��t c�ecx�sy'}.or U a�YntYshall ai olch -�-:-�=�:_-`�—.;_.-•: ,_:P
<br /> � _ such premium��rcvtd hnue.tnsen r�uirsd i�Lender siill hald tha SecuriYy In�tru�nErtt.eac�►mor�ihJY P�Ym , . .,. ;."
<br /> � ry
<br /> induds eIlf�ar.(�e su�fic�r�era►usl martgage tnsurance Premium to ba p�td by l�rsder to tho Ssc�etaN,or(ii)a ._. ��,�r,�'?�=
<br /> . . rRCrttl�elrar$e Instead'of a rras�aSa trs�uranoe premium if thls Secu�tty Instrumant is hs!d by the Seccetary.!n a � ,
<br /> clrar
<br /> . reasonabte amaue�t 4�brt dr�t�►r^Itted by the Secretary. Excepi for the monihly charga by ths Sectetar5►.thase items [ .,.. y., f. °'�' .:.,�.
<br /> _ are caited!°Escr��v it�ma°a.r�i th.�sums pa:d to Lertder are cafled°Escrotiv Funds.° ', ':� �
<br /> � ai erty6�s.cotte�t and hoid amow�ts tor Esaov�Items in an aggreg�te amount noi to exceEd tha � �.: . .� °. .'. � ;�.
<br /> - Lsrdnr may. -- —-- - �-—
<br /> maxImum amau n t t Y�a t r�a y 6 e r e�u l r e r l f o r B o r r a x r��s e s c r a v r a c c�u r��Pa t S��Y�m�y��aRF d�d f rom � .. T'.��.;.:
<br />� Rct af 1974,12 U.S.C.�2601 et seq.and implam�ing�eSulat�ons. .
<br /> time to ti+'r.s(°RESPA�,except that tha cushton ar�esepv�permitted by RESPA for unaettiGpa�ed disbursam�rYts or ,
<br /> _}: d�sbu�e�s►a�^.s b�tore the Borrower's pay►nents are sva�sin;3 tn tha aocourtt may not bs based on amourits due far tha -':',; � �.
<br /> mort�3ga frts�Premlum. :; ��',�`.
<br /> .; � �.�
<br /> If tha aenou�h�td by Lenderfor Escrow items exce2al ths amourds Rertn�'t�rl t0 be heid by RESPA,Lende�shall ''. '',:�i`:';t�-��;`
<br /> d�l with the exo�s funds as requUsd by RESPA. If the amovnYS of tunsls hs[d by LendeT at any time are noi s�ificEani
<br /> tapa�the Escraw ftems w�daa.Leixier may noti�f the Sorra�r�r and requtro Borrower to make up the shartage or '; .;r,;:;t�;`�'.�"?` _ ._.L..
<br /> deRc'�a3►as Permftted by E�ES�A .: :, ,. -,_.�.-;-
<br /> Tha�crovr Fun�is are p e dg e d as a d d�I o n a l s e c u�t Y f�r a 0 s u m s s e c u r e d b y t�l s 3 e c u r i 4 y tnswmarit. If Bomower
<br /> 4enders to Lendeg thg it�l�y�ant of a!I sut�sums,eorrowe�s axo�mt shall be creditod vrfth the batancc3 rem3ining ` 4„� �� �-�
<br /> � 4s�ra1!instaltrr�ati Etsms(a).(b).a r x i(c)a n d a ny m v rt g a g e i n s u r a n c e p r e m i u m(n s Z a l i ma rr t t t r 3 t l.e n�es has ncsi bscoma ::��.,�:-�-~
<br /> oblk,�ated to pay to the 3ecretary►,and Lender shaD prom�tiy refund any excess tunds to Bwravres. t mmadiaYefy prior to .. :.:��;��r:�, ,-�
<br /> - a fo�losure�te of tt�P�perty or fts ac qU28ittQi1 by L@i1dEP BOTr0Yl8i'S 8CCO11[it SfYLII b9 Ciediied�i+f3fi cl�y b818Y1Ce .:�o .. '�3�.�._�.•.T _
<br /> ., �e�raicLrtg Ear afl[nstaflments for items(a).tb) ar►d(�)• � y,�'� ��-r ' -
<br /> . 3.Appiir.�llfln�t Payar�e�a. Ap�ymerrts under ParagraPhs 1 and 2 st�all be appiled by Lender as f�er� `';��" ^ '�
<br /> - FlAST to thca mnrtgags(nsurance prem3um to be psid by Lender to the Secreta�Y or to tha rrr��thty c�arge���e . �.�µ��' '.�7j;.... :.:::,::y
<br /> th ; ,�...�, , r• �,: .,
<br /> 'jd��.
<br /> � Sacreiary iru^t�ad af tha morRhly mangaga Insurance premiam; �KF ����f���%��i�'_
<br /> ;��.' � � ND.to av►y ta�ces.sPeclal assessme�rts.leasehdd paymsnis or groursd renis.and fi�e.t�aad and other hazard . .` `�,.,:��_
<br /> � irtsurance premiums,as requUed� . "'� �,.��;,�,,,��
<br /> THIt�D,to irttetesi dua ur�dePtha Note; ��'.;;.� ��':-.:;�;,.���. t`i..' t
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<br /> F�Di1�TH,to amorti�on of th2 pd��the Note: , f..-.�,. .� i_,.
<br /> ' � Q¢¢�,to tate charges due unde�th:�C+(mte� °, `? a
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<br /> �4 F k s,�t o a d s�nd Oth�Hazard 6n�.*�arm�. Borrawer shali insure ail tm�rovsm2nts on tivr Ftoperty,whether _ �:,:.,�.,,�.;4. �',��° _-�
<br /> � naw tn�dste�ce or subsequ�ertty erected.�galnst any hazards.casualdes.e n d co�d ingen c tes,l�s d u d i n g fl r e,f o r w h t c h ., ,._, � : -
<br /> � Lond��err realuires Insuiance.Thts Insurartce sl�aU be matrt4atn�d in the amotmts and for tha pedods tt�t Lsnaie�requires. ,�,:,..:;'.� :��� ^_
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<br /> � Bermr�er shafl also Insure all tmpravem2nts on the P�op�Pty,wE�ether now in c�cistence or su�osequer�iy er�ted, -:`.�.:
<br /> , egatra�tasa by floods to the e�dent requUed by the SecretesY.Ail insurance sha0 be c�rrled wdh c:ompanies approved �•� � , �`�',
<br /> ' by Lor�eter.The insura�oe pdictes and anY ren�vrals shall ba hetd by Lender and shall tnclude loss payabSe clauses in _,�t� ,�.
<br /> . !te��
<br /> :. i a v a r a f.a n d I n a f o n n a c c e p t a t�e to.Lender. ' �
<br /> In the event of to�s,Borrrnrrer sttz�lli gtve Lortd�r immediaie notica by mail.Le n der�y m a i c e��l o s s t f n c t ��'�%,;�i�::
<br /> t �M , •-�"���n,�_.
<br /> - m3sle ptompUy by Bona�v�eT.Ea�h t n s u¢a n c s C om}�an y ccncemed Is her�eby auBho�iaed and dirct�4x s�f!o¢p�ym " �t4d��y�••:�,��,t t
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<br /> . , for such lass directiy to Irender.tn�^t�d of to 8onower and to Lender lot�ty.A(!or an�[xut of tha 1��urars�.�Eeds ���;�� �:',.;
<br /> ., may be a=ypited by t,�nder,at�optlon,eithar{a)t o t h e r e d u c t t a a i o t t h e t n d e b t e d o r�r�a r t h 3 N a t e�pdncl�w�Y .�����.��.�:;�, .`�'F'`:
<br /> - .��.. fp �r�� > �,i���Y�t a; ��. � ',
<br /> tnstrument,fir�t to ar►y detinquent amcunts ap�lled(n the order ta�Pa►a�3.and tt-�,ea�.�.y. ,...
<br /> -.�, . Ib)to the restor�tton or repatr og ths da�naged propeRy.Arryeppticatlon o tha procee�s to�{�►�ca;pal shall nat '��;�` , ��. ` • --
<br /> '"��``��� e�den0 or pasKpo�tha due date of the rtwntldY paYmeMS whtch are refee�ed to tn Fat��ap4�2,cvr c:�ange the amw�nt :+ � ���� � ,. ...: ..�.
<br /> `�.;�,�,�,, o f s u c h p a y m e n t c.M y e�ccess insurence pr o c e e d s o v e r a n a m o u n t r e q u t r e d t o p a y�9r outstandtn g Indebtedness urx1er w ��,�,,� �
<br />�'��" ' nt sha11 bep �tothe er�ttty lega�'fy er�itted ther�:a. � b ,.�,. :Y;�►:�-,r, � ��,;',`
<br /> , � the Note end thSs Securi��nstrum,e a er o!tilfe to the Property that e�inguishes the . ��• � .'`._ _` .,�.��.
<br /> . tn the event c9 fovec�csure of thts SecuritY I�st�+�rie11L OT OtheT tf�St _ _ L�€�{"�-�..
<br /> �ndebqedness,aq�ght,,Utie and interest of Bonar�er in and to�nsurance poiicies tn 6��� Q �n� - _-
<br /> 5.Occu�snc9►�Preservattaa,Ma6r�isc�su�se e�Protw�on of tha Propart�: P� - •- - : ,,'-
<br /> res3�ance withtn s d -=
<br /> LM�clwida Bor�owe�shail ocxuPY.�ta�ttsr+.and use the�copeRY as Borrower's prtncipal �1i � �:-„�;�,_-
<br /> after the executton of tt�ls SECatr�tyl InsWn'�r.3 and sha11 aoe►tU�ue to occupY the Property fla BorrawePs princl�„a1 . ,f.� .: ,,.:�
<br /> resideix;e for at least ana y�ar a�ter tho d2��af occupanoS►.uNess the Secr�taN determines thla requiremertt�nt(V cause �a'y. . , ,;.� ,�;..
<br /> urtdue hardshdp for Borrewer.or unless e�ss,�sating circumstances exist which are beyortd Borr�wePs cor�va4.�orrower ,�
<br /> ' sha11 natNy Lend¢cs af ar�y extenuatirtg ctrc�un�^4encea Borrawer shall noi cammft waste or d�'a�Y.damage or ,�, ,.,._�
<br /> . . . substaMfally ctraucge the Property or altow the Property to deterloracte,reasonabte wrear and tear excepted.Lsnder may ..��,.
<br /> inspect the Properiy ff 1he Pro�erry Is vacatd or abandoned or the loan fs U d�ta�tl�L.ender may take reasonabla action ::, g�' .i
<br />' w protect and preserve such vacant or abandoned Property.Borrower shall atso b0 tn detault t�Borrawer,du�ing the '� .�. , ; ';�R;
<br /> , �,....
<br /> . taan a p p licatJon pracess.gave mate►tally tatse or Inaccurate irdom�atian or statemer�a to Lender(or faAed to g�rwide . . .
<br /> ,; ,: Lender wlth eny mater�al ird o R n a t lon)tn con n e c t l o n w i t h t h e l o a n e v i d e n ce d b y t h e N o t o,i n d�d t r r g,^b u t n o t Itmfced to. �� ,�"Y,;.:,�.::_
<br /> : represernattons conceming BoROwe�'s aocupancy af the Property av a dncipal residence.i9 tSsl�aecuritY InsdumeM ts ,,,,;
<br /> p , . �:�
<br />� : .. on a leasehald,Borrower shali c.omply with the praMslona of the lease.if Borrower acquire3 fe�t�fe to the Rroperty.thA . , :.,: . .��.
<br /> leasehdd and fee tiUe shall not be merged uness Lender a a to tt�e merger tn w�(drtg. ��„��-
<br /> 6.CP��es to eara�a�mrs�Rrotecean o1 t�e�e�m�t�in the Propaty eorrower shal�pay all gaie�ssmenral �!�!!�.-�,-...�.,�
<br /> or rr�ur�ici charges,ftnES r�sd�cr�posf�ons that aro nat Inr�uded In Paragraph 2.Bonawer shail pay these ob�tans �l����►
<br /> � - on ti�r:e dPre uy to tno er�ri�.-��tch!s owed the payment-(f taQur�to pay wo�dd adversely aftect Lender's irderest in the ..
<br /> 1Yr.
<br /> . ProAeity.upon Lender's reque�t Borra+YCa��a�ll promnUy tumtsh to Lendar recetpts ev}dencing thesepaym er�is. , - -�w_...__
<br /> Ef t�onower fa�in to rtfatc Qa�, '�taa or th�paymertts reguir�ri'�Oy Paragraph 2,or fa0s to pederm any other l�.�.= -----
<br /> fa
<br /> �,A����a���e��n �h fl�i�Security In�erR,osttt�re ts a tegal'proceeding that may signlflcanUy 6e�""'-"T'"":u"-
<br /> � - �Cnat Lender's dghta In tho Fm�°rty(such as a proceeiii�Q In banlcruptcy,fo�corssiemr�ation or to e�orce Ir'1W6 Ot -, .r'
<br /> � reg�dadions).then Lendor may do artd pay whatever ts rs�c�ssary to pro�ect the vatue of the Property a�d Lender's :�� � ..-.
<br /> � ' rights tnthe Property,tndudin9 paymerR ott�ces,ha7ard tnsurance and other itemt3 menUoned In Paragraph 2. �°"�y,�,:-••=�•-:-.
<br /> Any amounts disbursed by Lender under this Parac�raph shafl hecame an additiona!d�bt of Boerower and be �::.;;qT����;.
<br /> �. secured by this Security Instrument These amounts shall bear iMerest from the date af dfshtusa�eM,at the Note rate, .•J�_ _
<br /> and ai tho o p t ion a f Lender,si�afl ba immediatety due artdpaY�e• dirECt or consequeniial tn -
<br /> � �.Condemnatbn T1,Q procesds og arry award or G a i m tor damagea, . connacUon with _ ,-,;;;;::;;. _ —
<br /> arry candemr�ation ar otPser taking o4 any part ot the Property,or tor cornreyars�e In place ot condemnation,are hereby •`�;�..�-,t ':� ' �
<br /> � �, assfgned and shalt be pald to Lender to the e�ern atthe fiAI amount of the indebtecfness th�t remalns unpald under the ,;^_��Y_.,_. a
<br /> Note and this Security Insuument Lender shatt appiy such proceesls to the reduetton of th�tndebiedness und3 r�
<br /> � Note and thRs Seeur+ty pn�swimen�flrst to ica on of t�hamroceesis to Rei p cipal shs,�fl nat extend oPpostpone the dua . " -
<br /> then to prepaym P�• Y aPi� p � � � �.
<br /> . . : � .
<br /> � • FanaH=eRassca o�c of musv s�� : � �
<br /> � ISC/fMDTNE//659�/(5�9�-� PAGE 2 OF 4
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