|
P,.,
<br /> .
<br /> . E�� ;i`' . , 'y,, - � .i.wr4Y-•.:f�.--.-
<br /> - '.. „r._.r �,e,a..,�,.... . .-,
<br /> ���� '�,'�+�i���TA . _.
<br /> 1 _._ ._ �. . . .....
<br /> ._ �� ^ �-___ _ ._.
<br /> — ..�:a�,�:-�,.,a 92-100�23
<br /> ��.,� r .
<br /> � �. �;..; .
<br /> �- �. . � 1, p��meot o�P�incipal,lntereat�d Late Char�e. Borrower shall pay whcn duc the principul af.und interest on, s_
<br /> — ..��--_d... •
<br /> --p�- the debt cv�derK:ed by thc Nac and lute chargca due undcr the Note.
<br /> �'�- ��3� K ments of Taxea�Insw�ance and Other Charges. Barrower xhall include in et+ch manthly puyment.
<br /> -;�°t'��- �<'.• togethar w�ith ttte pnncipal and interest a4�et forth in the Note und an late charges,nn installment of any(A)tnxes and
<br /> ��M.�..
<br /> * �"`�'�'>"'� ' �:pecia!asseasments levied or to be levied aguinst 1he PropeAy,lb)leare old payment+or ground�entc an the Property,and -
<br /> iAy•> �.,�.� (c)piaemiums for insumnce rcyuired by Puragmph 4. --- —
<br /> ;._ � �i=;�'�` .��, Each monthly installment for items (a), (b) c+nd (c) shull eyual ane-twelfth of the annunl amounts.us reasonably ----
<br /> ' estimuted by Lender, plus un amaunt sufficient to muintuin an additional bulc+nce of not more than one-sixth Q�t1�e
<br /> '._,�N�.�� s�� estimated amounts. The full nnnuul wn�un�fur ex�h item shall 6e uccumulated by Lendrr within n Qeriod endin�t ane _^ ____ __ __
<br /> xc
<br /> manth before an item wauld become delinquent. l.ender shall hold ihe omounts collected in trust to pay itnma(a�lb)uod
<br /> � '� '° • (c)hefa+e they become delinquent. ��"°'
<br /> � �� ti If at any time�he tdul af Ihe puyments held by Lender(ar items{a).(b)and(c),tage�her with the future mm�hly .�:____i_
<br />_—�� ,�;��.�: payments for such items payable to Lender prior to the due dates of such items, exceeds by more Utan one•�ixth tt►e =�`��__
<br />-'Y�_�n'? � ��'r?x�'�'`=� j;, esdmuted umcwnt ot payments rcquired to pay such items when due,and if paymems on the Note ure current.then Lender _ __
<br /> � .
<br /> �x�,� , r•! ��f r,,:_},;� _ h P -.�- -
<br /> •�; .l r'{; ,I� shall either refund the excess over ane-sixt af the estimated ayments or credit the excess over one-fiixth af the estimuted _
<br />__����`�'��""#`����' ' payments to subsequent paymenls by Borrowcr,u►the option af Bormwer. If thc total of the payments made by Borrowcr �,,,. __ ``
<br /> :��� :�''":'= •'�,�`'� for i�em(a>,(b),or(c1 is msuificient to pay the ilem when due,then BoROwer shnll pny�o Lendcr uny amount necessary to -
<br /> �� • � �� malce up the deficiency on or bePare the dnte ihe i�em become.duc. _---
<br /> As used in thir Security Imtrumeot."Secrctary"mennti thr Secretury of Hou�ing anJ Url+an Ikvelapment or hi�ar her __
<br />- " ' � da�ignc�. In uny yenr in whicb the Lender mu�t pay a mongugc rosurancc premium to the Secretury.c:kh mnnthly pnymcm _
<br /> �� ,. ;;, • shull ultiu include ci�hcr. (il un in+tullmem ot'the unnual mongage in+urunce pRmium tu Ix puid by l.endrr Ia the -- _
<br /> :u
<br /> Secrctary, i�r(iil u monthly chur�e in�lead�►1 u mortgage in�urunce premium if Ihi. Srrurily In�trument i. held by the
<br /> �� °�':`"�`' ��` = Secrc�c►ry. Eiuch manlhly in.tollmen�uf thr m�ngugr in.urunce premium�hull t+e in:u�umuum*uflirienl l��accumulnte the
<br /> �,.�� -- „ ° (ull unnuul mungAgc in+uruncr pi�n�ium with I.�nder unr mon�h priar u►thc Jatc ihe full annuul munga+�c in�uruncc __ ___
<br /> I pRmium i.r Jw w thc Sccrc�ary:��r if�hi,SrcuriiY tm�rumcnl i.hclJ hy ihc Sccrclary.curh munihly rh;u�gc�+hull fw in un ���
<br /> �r s�m�wm cy�wl ta nrx•twclGh uf unc•hull�xrccnt ot�hc uul.tunJin�prinriprl hrlunrc dur un�hc Nuir. -
<br /> . , If H��rn�w•cr�cnder.w I.cndcr�hc tull puymrm ot'ull ,um, krured by�hi�Sccun�y In�trum�:nt.H��rtowcrk uccuunt �;...,.� :p�"
<br /> rhull Fx creditcJ wilh thc buluncc rrmaining lur+�II in+iallm�nt. fur itrmti�u1. Ibl und Icl �u�d•rny mudguSc in+:ur+u�cc ,
<br />:, ,, , premium in�iullment thut Lcndcr h�� n�H Fmc�xne ohligu�ed ta puy to thc Scrretury.und l.cndcr,hall pramptly refund any +� •�:��.,n_-;`
<br /> cacctix fund�to Bormwcr. ImmeJiatcly pnur�u;�timclutiurc,ulr af the F'r��x:rty ur i�.aryui+�ition by Lcruler.Bomowerk _`k
<br /> �� � account shall Ix credi�cd with uny haluncc rcmuining for all imtullment�fnr iiem�:lu),lbl und lc 1. `E-�-
<br /> � �� 3. Ap�lication of PAymen4�. All puymems under Paragraphs I unJ 2 shull be applied by Lender w tallc�ws: �.-.=����—
<br /> ��—__--
<br />_ � � EIR5T to the mortgage insurnnce pmmium tu be paid by Lender to thc Secre�ary or t�the monthly charge by the _
<br /> � .^'w" ' Secre instcud of the monthly monguge insur,�ncc premium: _
<br /> . . • �.to ony[oxes,special usscs�menta,leasehold paymen�.r or ground rent�.und tira.fluad and rnhar hazurd __.�--
<br /> . . _ . insumnce premiums,atirey wred; d�;-^�°---
<br /> :-. • , , � . `:; , TfilRQ,w inttrest due��nder Ihe Note: __
<br /> (�g[t{,to umonization of Ihe principnl of the Nate; _=—-
<br /> . �;{,to Iate ch�rge+due under the Notc. �`�
<br /> e�:.ca-r,�:=-=
<br /> , � q. Fire.Flood and Other Hazard losurance. BoROwer shull insurc all improvemems�m thc Nropeny,whether nuw `;�KHne�r--
<br /> in existence or 5ub�equendy erected,s+gainrt Any hazard�,casualtieti. and contin�enciex, including lira, for whirh l.ender Ii4 �,,,—___
<br /> � ' � requires insuronce. This insurunce shull be maintnined in the umaunt,and i'or the periuds thnt Lendar requires. Baaower =`__
<br /> ' • sha0 also insure ull improvements on the Propeny,whether now in exi,�encr or�ubxeyuently ercctrd,agamst los.r by floods m.
<br /> to the extent reyuired by the Secretary. All intiuruncc�hull tk camcJ with comp�+nie+approved hy Lender. 'I'�e insurance 'y.;���
<br /> � policies s+nd siny renewuls .hull bc hcld by Lcnder and xhull include lutis puyvblc cluuus in fuvur of,und in u form ��,1i�_�--__
<br /> acceptablc to.I.endcr. ��y.��.�'���
<br />. .. ;�•':h��..
<br /> ' In the event of lo�s.Borrowcr +hull giv�Lender immcdiatc notice hy muil• Lender muy mc+l:e proof of I�iss if nu� �_
<br /> � • mnde pmmpUy by Borrower. Euch in�ur�ncc cumpany•conremud i.r herrby authorixed und dirc�ted to muke pnyment for �: ,�: �- :
<br /> such loss direcAy w l.ender,insteaJ of to Borriiwer and to Lend�r jointly. All or uny part of the imurunce procceds muy be �,,;;______
<br /> �•��:.-�.--�-
<br /> ' ' applied by Lender,ut its option,cithcr lu)tu thc rcduction af the indeMeJnr+�undcr�hc Notc and this Secunty Intitrument. �_,,,��t_;t__
<br /> (?�i'
<br /> first to eny delinyuent amounts applied in the order in Purugruph;. :+nd then ta prcpuyment of principal, or(b)to the .�,,;';��;�.
<br /> • restoration or repuu of the dumuged properly. Any applicution uf thc procced�to�he pnncipul tihall nat ez�end or postpone �,,.;;•,__,__, �
<br /> '=•- -
<br /> �he due date of thc monthly paymcnt,wh�rh ure rrfcrred to in Puragraph'_',or rhange�hc•rmuunl uf such puyments. Any ;��;�;--.--�,__,.
<br /> ,. • exccss insurunce praeeds over un�maunt required a�puy �+II oul.temding indcbtcdne�s under the Noic and this Securiry ;•�•;•�,�;�.V, , .
<br /> ' . Instrument shall be paid ro the emity IeFally emiUrJ thercw. . �;:'T"_
<br /> �' In the event of foreclosure of this Securily Instrument nr othcr Iran�fer ul'IiUr to the Propeny�hat cxtinguishes the �� _
<br /> ' indebledness,ull right,tille und interest of Borruwer in unJ to intiurancc pnlicie.in i�urcr,hall pu+�to the purchaser. �� ""
<br /> 5. Occupancy. Preservatiun. Muinlenance and ProtecNon nP the Pruperty; R�Krox�er's l.uan Application; k� : ^, _: •.�_�, -
<br /> ' Leaseiiolds. Borrowcr shull occupy,eslablish,und use ihe Prop�ny •r. Horr�►wer',prinripal residence within sixry days - ..; _k��•�
<br /> after the execution of thi�Security In+�rument and�hall rominuc io�xrupy thc ProExny�•Burrtivrer'�principal tes�dence r �.;�.'y`�'�_
<br /> . , for nt Icaxt one yeor ut'ter�he dutr of cxcupancy,unle�.the Serrrt•rq•detennme.thi+reyu�mmenl will cau+e undue hardship �!� �
<br /> • '�'�'' , for Borrower.or unle,.extenuuiing cirrum.tancc. exist which arr F+e�•ond Harr���+cr'.contrul. Borrower yhull notify L :�.�.� -�r� -�-•
<br /> t '
<br /> � � " Lenders of uny exienuatin�circum�tuncc.. Borruw�r shnll not cumrnit wa.tr ur Je.1n�y,dumuge ar�ubtitamiully change � ,
<br /> • thc Property or ullow the Pruperly to dctcriorutc.rcasonaMc wear:xtd trar exrcptrJ. Lendcr muy m,pect thc R'operty if Ihc ��
<br /> Property is varunt or s�bandoned or the loan i+in Jrf'uul�. Lendcr m�+y�akc rrasunahlr uction�u prutert •rnd prcserve such ;
<br /> vncant or ubandoncd Propcny. 8orrowcr�hall ul�o lx in drtault it fiurruwrr.Jur�ng thr luun upplic+�tion pnxexti. gav� ,�
<br /> - materially fal+c or inaccurute inf��muUiun or .tairmem� tu Lcuder lur IaikJ lo pruv�de 4endrr wilh any matenul ,i
<br /> infortnation) in connectiim with Ihr lu�n e�•idrnrcd by tlic Notr,mrluJing.hut nut limncd tu. reprexentution+concernin�t I
<br /> 8nrrower's occupanry of Ihe Pro�xrty a+a princip:d r�.ickncr. If 1hi�Securiry In,tnuurni i�on a Ira�eholJ. Horrower,hull .
<br /> cnmply wi�h the provi,ion,of thc lea+c. Ii'H�,rruwrr aryuirr. Ir�iitlr�u �hr Pro�xn}•.thc Ica,chulJ and Icc titic,hall not
<br /> lx merged unleti,Lender agRC+tu thr nurErr m ti•riting. ,
<br /> 6. Charges to Burrower und Protecti��n of I.ender's Ri�hls in the Prnpr�ty. I���m����cr�hall p:+��al I�:uvrrnmcntul
<br /> or municip•rl chvrge�. finc�and impu,itiun.Ihat are not inrludrJ m Nar:i�.rnph �. Ban�,��cr tihall pay�hc,c ohli�uti�m.un
<br /> � timc dircctly�i� IFk enliry u•hich i•, uwrd Ihr paymenl. 11'Iculure iu pa> ��ould ;iJ�.r.ely:dlcct Lcndcr; inicr�.l in thr
<br /> I'�operty.u�wn l.indcr:rcyuc�t B��rru���r,hall prumpll�•lumitih tu l.rnJrr rc�ript.r�idrixin�thr.r paymcnt..
<br /> � If Borrowrr faih�o mak� Ihc.c paymrnt. �,r Ihr paymcn�.rcyuind h} P.ir:�Eruph �.ur 1'ail��u �xrtumi any athcr
<br /> crnenunts anJ ugrccmcnc.c�,ntainrd m thi.tirrurily (n,trumrnt.ur Ihrrr„a IrEal pnncrdmti thnt may �igmfiruntly:�ffect
<br /> . . � .._a...: a..a�. ...��,.. a.,,�ti�.r� �.��rh:�.:�n��xecJmc in hantirupic>. tirc cundrmn:mun ��r tu cnli�rc� la����,r rcgulaiiun.►.
<br /> :_--_ - .......... . .
<br /> .�...... ......� ...�_..�,
<br /> then Lender muy du an�l puy wh•rtr�er i,iirce+�un•tn proi.ci thr�aluc��t ihr Iku�xni:md I.rniirr'.ri�:n�,in ii�c��.��.�r��.
<br /> . including puymenl ut'tuxcti.haiard in�urcmcr and ulhrr ncm�nunlioncd in Par;i�r.iph_.
<br /> Any arnount,Ji,hur.cd by LrnJrr unJrr thn 1'araEraph,hall hrr�nnr an adJmunal Jd,l �d liurruucr and tx�ccurcd
<br /> by thi�Securny In.trumcnt. Th..r amoumti ,h.�ll Fxa�ullert�t t'mm Ih� da�c ul Ji.hur��mcnL at thc Notc ra�e, and ut Ihc
<br /> option ot'Lcnder,hall tx immrdiatrh•duc und puy:►blr.
<br /> 7. Condemnation. The proreed.�,t'any aw��rd�x rlaim I<x dama�:r..dircrl i�r�un.ryuenti�l.in c�mnecuon with any
<br /> ' . ' condemnxtion c,r o�her taking ol uny pan�,f the F'ro�xny.or t�„r rom•cyurn•c in pL•�rr ul rundrnmutian.:�rc h�reh� a+�ig��ed
<br /> � • tmd sh�ll t+e paid to L�ndcr to the rxtcnt ol thr full:�mounl of�hr mdcbtednrti+thu�rcmuin+w�pai�l undrr�hc Ni�tc;md thiti
<br /> � Securiry Inr•trumen�. Lender+hall�ppl� �uch procecd�Io Ihe rcdurt�un uf�hr indr►�trdnr�+w�der�he N�ne i�nJ Ihi+Securit�
<br /> Instrument, fir�t to uny drlinyucnt amount� applicd in thc urJer pro�idrd m 1'ar.igraph �. and th�n tu prcpaynknt af
<br /> principal. Any apPGcutiun uf thr prucccd, tu thr rnnripal .hall nn� c��rnJ ��r pu.�{��nc tlk• duc Jatr �d thr mun�hl�
<br /> qu¢r:,g J�rop•.� i
<br /> i
<br /> 1
<br />
|