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<br /> . ._ ��..t . �'ff" ; --'�` __ _ __ ' ` ` -_ -�.i . .
<br /> � . ,� 1.�C'' � - af'- � - .t. _ . __ _ � ' . _ . . � .
<br /> - . _ ' .. . ^�a'.1'• . i . ' . . . 4`. � [ . I�
<br /> . �� t,�l_ _::i,_s�����gii� . . , . . ( �,' . c � .. .. � . �_ � � . . , , ,.
<br /> - . . � ' - - � _ , . �- V�����OV��{,7� ` ; .
<br /> �. ���t Q[����T+x!�`�. BOIYOWCf S�t��W�IG11�tk.'�1C p[l[iCl�Of��t11�dCSt 0�1r` -
<br /> it�edebtevideaced by ihENate t�/au�harges due utdest6e Note. � , ` -
<br /> L Moet6ly ps�esb d 7�x e�,t m o r a s a�e d O 1 6 e r C b a�e s. B o n u w e r s h a 1 1 i n c l u d e i n e a c L m o n�h ty p�y m e n 4 5 ` .
<br /> to�t�6er with tfie princiEml and Inteiest_as set fatA in the Nat�nd any 1au charges,an inct�!lmcnt:of any(a}t�a aad.
<br /> special ass�e�tapNS kwied or ta he[evied sgiinst ti�e P�opaty.(D)teasehold paymeats or groumd na�ts on the Pm�ertY-a� __--
<br /> (e)P�ani�uns for msur�se requued,by Pgr+BraPf►4- ' ' •
<br /> F�cb mauhi-�! in.�ta!lmau for i�s t��.(b)and(c)st�all oqual.one-twethh of the annimi amounts,as ieawnabiy
<br /> -�--'�-"�--•—�;-`—= - :tatimut�-bY t.end�e�«�an-amount�affician to maintain an a d d'iti o n a l b a i a n c e o f not maie t t�a n o a e-�a f d�d---==- ;-:_ _._- - ..-
<br /> �su�amounts. fulI a�uival aaiaunt fof eacJt item shajl be acc�maulatcd by lLender withi�r a period ending oee
<br /> m�onth befae an item�vauld bearome dd'wguu►t L�nder f h a l t hotd thc amoants wilected i�tmst to pap items(a).(b?uid
<br /> — (e)befaetheY6ccomadelinquent.
<br /> -- 1f at auty dmG the mtat of the pzymmts i�etd`�p I.ender for items{a).N)and(c),wget wit6 ttie funue morithiy .
<br />— p0ymrnts for suc6.i�ems payabk co I.tnder piior to the due d�tes of saah iums.sxceeds 6y moie than aoe-si?ctb tt�e . .
<br />- esnrnue�art�ount af payments nquued t pajr suc6 tiems when due:and if payments on the Note a�e cuneat,that Lender
<br /> _ `shal}either tefund tlu cxcess ov�one-siath of the esritaued paYaients ar credit tbe excess over axrsixth of the esmnated � .
<br /> - D��rnrnts to subs�umt payments by Banower.at the op�iar of Boimwer. If t�e tatat of the paymeau made 6y HaRawer
<br /> fo�rtan fa}.fbk ar(c}�s insat�ctait-to pay the item whea dt�e.thm Bcsmower shaU pay w l.ender any amount necessaty w
<br /> - j maice up the deticipxg on cx befae tbo date th�item bccomes due. �, �
<br /> � As used i�ttiia Security Inswmmt,"Seccetary"means the Sec�+etary of Housictg and Utban Developneait or�iis er her
<br /> ; desigax. In any yeac in wlucb the l.cndermust pay a mortgage ins►irs�cep�+eitrium tu t[ie Secret�y,each maatbJ�*ia�t �".. .- -
<br /> . ; �ill atso includaeid�er: lil y►inualtment of the armoal �nortgage msur�re�um to be paid by ��r�the . . .
<br /> ..Suretary.os(ii)a rmnt6ly charge inste�d af a ma�tgage insurance pzaniarn�:�SecyritY insttument�.s.�:L�jr the • �
<br /> Sa7elary. FacN manthty installmrnt af the matgageinsurance pce.auusn shaU be m e��amat�#sr�ient to ,'.aa�,�tb�e . - .
<br /> - fpIl a�uai mo�tgage insurance ptomivae with La�der a�e moneh pri�to th��°�y`r��mort�:t�ur'aace
<br /> , psemium is due w tHe SecntarY:o�if this Sxurity In�nt is hetd 6y the Sa�r�.'�.gr',:�cl�maui�i3'ch�r8����� :
<br /> : tmnamt equal w o�tt�rtwelfth of one-lulf pencen!of the outstaz►ding FrinciPal balanr�'iu�bn the Note.
<br /> ,r. '• U Bwrower fsndeis to Lendcs the full.PaYme�E of alI su�s seciued by this S�tiry Listrunxn�Bomawe:�accamt � ,
<br /> • •;;:.�, .. sD�aU be coedited�qvith the 6atanoe remaining for all tnstaltments for items(a).{by and(c)and any mortgage insurance —
<br /> c��;';�•; psemium instailmt.nt that I.aider has not become obligated to pay to the Seccetary,and Lender shall promptly refw�d any • : _
<br /> - txcess fands to Boaower. Immediately prior to a farccbsure sale oF the�'�opeRy or its acquisitioa bY��'+$O1fO�s ".--. _—
<br /> �'�• '•�count sba116e etedited v►ritl�any balanre remaining far a31 installmenu for items(a).(b)and(c). , -_____
<br /> " � 3. ieaf1oa of Pfsya�ent�. Ap payments under Paragraphs 1 and 2 shalt be appiied by Lender as foliaws:.' . =--T i--
<br /> .:�: . � ? �to tLe mortgage msurance premium to 6e paid by Lxnder to the Seccetary or to the montlily chazge bv�1lt.e. ____
<br /> . "*:- Secretaryinsteadoflhemonthlymortgageinswancepnemium: .: `�' __�--=
<br /> _ `�=:_ - r Hp.��y�es,special assessmen(s.lease ho l d payments ar groun d mn ts.an d fi r e,f l o o d a n d o t h e r�'t l
<br /> ' Q1A�air i,E..-
<br /> , 1ltS�[AL'f111YII1S•�fC�}u��i
<br />. ?:�, '�I: .• �Q W!li[CRS{d{tC URaEf t11C NO[C: ' � --- ----_
<br />" ?,4::; - �, EQ�,tu amortization of the principal of the Note; �''•`�' :, —_-
<br /> ';'` � ,:�'. . �,to late charges due under the Note. : - �
<br /> 5:;:��� ..` � . � -: �a
<br /> {c:.. ..r..° ,�. �; . •• • 4. F i r��l a o d s a d�tber Hazard Ins�rrAnce. Hoimwer shall insure-all impro�ements on the Property.Kl�r now �=� :-
<br /> . T�.�` �;�``.i; `: � �: i�.�cisteace oa•subsequently erected.aSainst ar►Y hazards.casualties.and contingenc�es.including t re.for wLi,3��.ender • :�.°�t:�;..
<br /> < h
<br /> '' r�aires insue�s��x. Tlus insurance sdall be maintained in the amount�c and for the periods that Lender tequire�:'.i..�.orrower ��� .
<br /> -.��.`*�"t' ��`�'. ' s�a.i)also irss-�all impmvementc on the Ptaperty.whether naw in existencc or sub uend erecteQ a ainst f_ �.:1�y floods ,�`:.-',,�-
<br /> f:r• ! ..`•� -Y-j:J ' . � y � �,.-. .,,.-..
<br /> �:�-°- .."�"•;'; "t��t1�e cxtent required by thc Secretary. All insurance shall be curied with compames appnDved by Lender. TE',�ricurance
<br /> • •�'�,;�`•; ,•,.
<br /> � .;��; : � ,.� podicies and any renewals shall be held by Lcnder and shall include loss payable clauses in favor of, an�ia:a fonn . .
<br /> .�'�;,,;�_r�;;�, i`:, acceptable to,l.ender.
<br /> �' • .•>�.�.;=�- � In the event of tosc, Borrower shall give Lender immediate noti�v.by mail. Lender may maice proof of�oss if not _
<br /> , r:':.,.,
<br /> .. p�.,��� ;, mack promptiy by Borrower. Each insuiance company concemed is hereby authoriT.ed and dimeted to make payment for
<br /> ;,a,••,;;;,; snch loss dirartiy to l.enGer,insiead of ta Borrower and to Lender joindy. All ar any part ot the insurnnce prnceeds may be
<br />- �=.�*.�� �'�'- a�Qlied by Lender.at its option,either(a)[o the reduction af the indebtedness under the 1�Iote and tdis Sec`wnty�nsuument.
<br /> ' „ .•.� �..�.,, ,. ,,,,,
<br /> -_ �sx to any delmquent arr��r.�nT.�applied in the order�rr•f�sragraph 3,3nd then ta:pr�ayment of princ's�1.,cr.'�'b)iA the , ._
<br /> .f � .'- �' �:-tlxatian arrepair of the�.•3ged property. My ayti��:i:�.�an of the proceeds totIz•�,r.r'incipai sha]1neSen:�:'��:arpostponc
<br /> ••�j'h`•1�,, � ��� � �x d�e date of the monthiy'�aymenxs which are referr_�'�i�in Paragtaph 2.or cha:�.�a the amanntof�i����nts. Any
<br /> " 't }�#Fr;-�''' � �xcess insutaru:e proceeds over an amaac�required to pay all outst�:ct+ng indebtedness under t�.�:�;i'��s.this Security
<br /> ;'��:;�:.. . �°"�`?'��'�'�. ::.•r�����4 • •. Lastr�ment sSsali be pald tv the entity legal[y cntided thcreta. •. � _
<br /> . � ',�, ! f:„ . . _ In the event of fareclosuse cfi'th�s Securiry lnsirument ar othec t!-�sfer of title to che Property G'����'",s;+nguishes the _ .
<br /> .�. r�.=� ; ;`,%j.: � i�btedness,all risl►t,tittw�.d interest of Borrower in and ta iasurance palicicl in forcc shall pass ro th:.�:�.a�er.
<br /> � :�;��� • 5. Uccupancy,Yres�vaHon�Malatenance And ProteMion'ot the Property: Borrower's L���q�l�cation;
<br /> � r •,J• , -ti{x "•MY aY
<br /> , '�tF�,,-.�1�':S �;easehold,s. Borrawer ai�.atE accupy,c�t�blish.and use ihe Property°a.c Hoaower s pnncipal res;d:��� �.-'� d s
<br /> `_'�.'-!���i-�"; = ., PY P� Y in'-r_..�'.2
<br /> ,�s.r•�. r . �E t•.•��, �.: afth the�x�.�on of thiv 5ecurity Instrument and shall continae w�ns:v the Pro rt as Bonti�+ecs ��.. �r residrnce , ,
<br /> =�'i�%},;:,�? -' ,1} `. ..,�,�x��ycs�:.year aRer thc clata of occupancy,unless the 5ecrctn�.�:�:'rmines this rcyuiremere v�lt;ca�sc�w�due�hardship
<br /> :>:, • • tc�&nrru�er�or unless extenuating circurtistancec exist which ar�'bcynnd Borrowcr's cant,at_ i3otro+ver,ghall notify
<br /> • ��� • � � L,zndets of any extenuating circumslances. Harrawer tihatl ner.4ommit wa5te or d�sz-oy.dama?:.a:subt�zr:tir,tll�change
<br /> .;.�,� 1� P��Flroperty or alfow the 1'ropeny to detertorate,reason.h'.e�L»r and tear excepted. L.�*.�3er may�a>pect the_i�:�.�::'ty if the � .
<br /> � '' ,t , • � ps�perty is vacant or abandoned ar the loan is in default.. C.:�ndcr may taice re�.sor,s��:-°action ta protect:�rsd,�:i���:rve such
<br /> ��;'�.���'� - '� vacane pr�&:isdoned PI'opeRy. BoROwcr�h�ll ufs�tse i:i dcfault if 8orcowcr,during the loan:,{:�'i�alion.process, gave
<br /> L�r�_ ` �;� • , � ' �, matesia:Iy fa�s or inacrurate information nr statementv to Lcnder I�r f:�ilcd ta provide Lau:3:r with ai�y matenal
<br /> information}{tf connertion wlththc loan evidenccd by the Natc.inciuding:but not limited to..:c�5-�,er.tatior.s conceming
<br /> i' '' , ":$orrower's accupatt�y oP the ibioperty av a principal re.r.uence. If thiv Secunty lnstr•w�nt is un a Ir.ueh�fd.;&��:�er shal! ' I
<br /> .�� .
<br /> � ' c+empty with the provisiana nt:thc Icase. lf Borcower:u�y�tireti fcc titic to thF ProfL�t��:.�!�c Ieasehold aad fr.�t�i1�s�:all not
<br />' '�' '�(�, is�metged unletis L.cndcr agrees m the merger in writin�. � - �
<br /> ';�� . `��'��� 6. Cha�es to&►rroKer and Proteclion o�I.enAer'w Ri ts in the Pro ��srrowcr��.r►. a zii�u��emmental
<br /> _ .. :;.,,�;. .. fih pt�tx:: , P Y
<br /> � :•�,;��., o�municipal Charge.r.Cne�and impnrition�th�t ure no1 induded in Paragrap h 2. Horrower s ha l l�r��y t heyc o b liga tionv n n �
<br /> • dme dlrectly to the enUty which iv awcd th��raymrnt. If Faiiure to pay �vuuld advenel� :U'tr�r.L.nder's intemst.in the ;
<br /> • �`'�;:,',,.� F'topeny.•upon Lender3 requcst He�rtower shall pramplly fnmish tv Lender receipts evidcrtcmg cticsa:p�yments. �
<br /> ,:�-;. li Boaower fails to makc thesc paymrntti��r�hc paymentti rcyuircd hy Paragraph 2.nr faits to perfarm �ny oiher E
<br /> . .. covenants and agceemenly eunlalrted in tNis 5ccurity tntiuumrn�,ar therc is u tegal proceeding that may��gnificatuly affect �
<br /> '" E.endery dghty irt ihe i'rc�perty(�uch a.�a pr�xrcding in banAruptcy.for candemnauon or to enforce taws or regulations). .
<br /> ' � '- ' ' - " - then i.ender may do artd p�y what��ver is nccessary to protcrt thc va{ue of 1he Property and Lendcrs rights in 1he Vrc�peny. ;
<br /> � ' inC[ud3ng payment af taxeq.h�etard in.ruranre su�d��iher�tem.r•mcntinncd in P�.ua�ph 2. � �
<br /> � ' Any amounts disbursc�i by l.cndrr undcr this Pura�taph stralt 6crome:u�udd�tsonal dcNt af Borrower aed Nc secum�f i
<br /> , � „ '� by thiy Secudry lesttument. 'irirse amounls shall bear uuerest from thc date of disbunemcnt.at Ihe Note rate.:md:�f the i
<br /> ' • optioe ai Len++xr,shall 6e immcti:uety due:uid payablr. !
<br /> ' ' _„ �' .' � i 7. Caedeme�fbn. The proceeds uP:u�y vw�cd nr ciaim for damages.dimct nr cunseyuentiat.in connecnion with any �
<br /> . . -._ - - ' ca�deranudon or othcr tuking ut:u�y p:ut uf thr{'rnperty,or fnr•rcmvcy:tnce in place ai canetemtwtion.:ur hercby usipncd ' ;
<br /> _,.._ ---=..=--�---1= - �cE sAat!tte�d tssL�e ta.lhe e_uenE di th��al�amvnnt c�f the indehcedness th:u remains un aid under the N�te:+nd this - _- ---_
<br /> .
<br /> � 5ecurity Instwnent. Lender sh�ll s�p�ly surh pcixeeds to the resucti��n of the indebtedne�.�un r the fifote and this Sccurify ` '
<br /> � • �� insttument.first tv any delinqiteN amounts npplir.v! in�hc ntdes pravicied in hsragraph 3.:tn6 thet�tc+prepaymenl nf
<br /> h
<br /> . • � • prinrlp�l. Any a�pllratmn uf the prnc��rds tn thc principal ch;ill not extrttd or p�ntp�ne the dnr d:de nf the monthly
<br /> .. __= '- ' � � -
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