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<br /> .�". _._---��--Y --- - �_-_- -_-� __-""_- _ - _ '- - - _ -. - � _- _ ____. _' '_ . _ - _
<br /> � _ __ -_ - __ ' _" " . - ' _- . . . . . .- '_ _ '_'. _ . '_ .. . -__`. " .- '__ -_. _-' _-. . '
<br /> �. ; . . - . .- . : . , _ ��2=-.ia�3�o � _ .
<br /> � L N.�est a rrwetp�l.taarrat.odl,aGe CYu�� a«mwa smu Q►y when aue p�mcq�al ana�eone�t«�.� _
<br /> �Ae deDt evidmced bY tbe Nate a�I�tc cbau'ges dae.md�er die No�.
<br /> Z �!W7��"�I�e aid(N�er Cra�es. Bonmwet shall a�ciade in pch motithty paya�enE. '
<br /> tog�het r�t6e principal a�nd int�t as set fanh in t6e Nooe aod�oy tate c6uges.�t im�allmeat of�ry ta1�� '
<br /> -_ �ecia;asses.uoents kvied or to 6e levied against the P�peity.tb?�et�etwld pay�ents ar g�raiu�d�s on ebe Pmpen'/.and .
<br /> (c)p�emi�mes fot insar�ce roquued b7►��'+Pb 4• ,
<br /> = ' • F�ch nwil��m. «, ,,,r�t for itetns(a?.(bI aud(c)stt�l�,e4ual ooe-twelflh of itit aDOtial aonmmts.as nessan�6ly �
<br /> - -- -- - -- _- esutnstted by L,�err�las an amount safficiemt to maintun aa add�onal bal�nce of not mae tl�n one-s+ath of Ebe _ - --
<br /> __, �!imrt�l sunamts. 13te fitll annval uriowtt for eacL irem,si�i!�bt accumuiated by Lender within s period a�diag aoe - ----
<br /> _ _ � _ �- _
<br /> — --- — _ � tponth 6e�ae an ium wouTd�eca�sa�eTu7q�eaz:-t�ersf�fioid�thc amamtscaite�iebu�c(d�sY itru,s-{,�}ft+j r�i ----
<br /> _- r �cj tecae�x,y�vome aet;nquem. wiu��e�mo�,ty .
<br /> � if at any 6me tbe total of the payrt�ents 6eld by,Lender for iums(a).(b)�od(a).wgdtur
<br /> r` � fa sacfi�ams payabk to I.eaderpriorta the du�dates of�snch items.excepds bY marc-tban�c-siath the — -
<br />�� '� Y' admated aroount of paYmems req�med t°�+Y suci,items when dne,and�f paymaits on.t�e Ndte'a�e ct�ra►t;thrn Leoder. —
<br /> s1wU either�efiud the excess over a�e-sixtb of e6e es�d�synsa�cs a c�edit the eacess overone�-sixdi'of the 4saamted, ,
<br /> p�ymed.c ro subsoqamt PaYaxnts bY Rotmwer,at dre optioQ of Bomawer. If tLeGotal of t6C�sayrtiectts made bl►Bo�swet _ __
<br /> ,`- far item(a),(b).oc(c)is insufficiern to pay tbe item when due.tt�Barmwersitall�y ro I.tnder�uuY amount rxcessary-to _
<br /> ' �;`"� make up the deficiency oa or befae the daoe the item 6xomes dua ..- ___
<br /> -- ` As trsed m dns Stcurity(r�su�Sacretaey°snea�ns the Se�eta�of Hausfng�xI[iili�Devetopmeat or his or her ---—•' -.�____ ---
<br /> i•.-. .. designee. In aay year in which the must pay a mortgage insmaru.�e p�m to t�tSenetatY,each mant6ly PaYme�� . ;
<br /> sdaU also include either: (i)an ir�sstaUrtx.mt of the �naual mottga8e a�s�e P�to be paid by Lender ta_dse �,.f -
<br /> .�. '_ t Y U
<br />" , � Seciet�y,a(ii)a monthly charge instrad of a nfongage h�sar�ce Premium if this Ss?�cY�t u held by.ttie.:. . . �s=.,. �_-
<br /> - � . - Sea+tiary_ Fach monthly;n�tt,�,t of t6e arortgage�p�miam sb�i be a��.�•su�cient w accumulsLe-Ai� . , �y.� --
<br /> :�s xra...,a�...:--
<br /> . - . • fqll armu�l m uisuraace � wub.�:cader one month priar to�he date�'�G�am�ual.r,,a�tgaga insur� ��- -
<br /> piemium is due�w tbe S�netazY:ar���i.s�Inshument is held h� Seu�aty;�t's�pnt�Ip�si�a116e in atu _ ,��ti=
<br /> � ... � '
<br /> `_��.. amouneequat mone-twel!'th ofaae�kalf�d�as.�_�"the outstan�ng principa�...' �z�e 1�fotc. .. _ =
<br /> If Bormwer tenders to Lende�r,tiir';,�'r.r���ent of all sums secare�`6Ftf�. ' � � �"futtumFnt,Bormwers aetamt • ~t�
<br /> �r.�,�°.�.. r�'- shali be credited witb the b�I�?.,.��i:-`1�'`=3r�ll installments for items�(a),(6)ais�i�and airy mo�tga8e insurance =;�� _-
<br /> �,• , �",��.� `s �• . . pnemium installment that L,endecf�:�bt�b�carse obiigated w pay to�the Secretary.a�L•.i�der shall Qramptly refund any ' --
<br /> �..s.-% excess f unds to Borrower. Imme3�iatel��pribr�a foreclosure sale af the Property or it4'�uisition by Lender,Boirower� '
<br /> � '.. ;�. , -° , accaum shaU be c�edited with any balance re�uing far al!iastaWneats for items(a�(b)and(c).. , . . -- ". � : -
<br /> ... 3.A��q�p�p�y�n�, AU paymeiiis under Paragraphs t and 2 shall be applied by l.ender as follows: . ::{- .-,-
<br />. • ' �T.to tfie mortgage utswance premium to be paid by Lender to tl�e Secr�etary or tu the monthly charge by the •.�, ,:� ,.Y�-
<br />- ` - � Sxretsuy instead of the monttily mortgaga insurance premium: . : �
<br />_ _ . _ � � • SECOI!!P•to any taxes.specia!acsessments.leasehoid�.}m�nts or.ground reats,and fire.flvod and other hazard: '`"'. � . � � •���
<br /> . �� � � . , %�4urance pcemiums asr�quired; . � `;.• ,: . _
<br /> � •� . . . _ . �,to eci�est due under the Note:. . •;;.• :.` .., -�i� . .-�'
<br /> " . ��.� ; � �, � ��;{,to amortizatian of the princi�sst 4i:�.'�e Note: �;' .°% ..: � � '. ., --- —
<br /> ••., ' � ` � :•' '' L 3;,,—_
<br /> � . � , . �,,ta late charges due under the:ti�te_:,-� -�� `�• ` • ,. :`�.�
<br /> . t' �,_, . �'° .. 4.F'ue,Fbod smd Ot6er Hazard�a. Borrower shall ins��•a!�,i�rovemeau on the Rvaercy.whether now �`...: ,�,t;N;.;;;;�._
<br /> <<�;;ir,,' in existence ar subsequentty erecra�:'aga's��any hazards.casaahies.and��.:n�enc�e�.ircluding fsre,for which l.ender `�. (R ,� - _
<br /> . . . f, � r=, �`� �
<br /> requires insurance. '[7iis insuran�s�ai!be maintained in the amounts and:��:'the periods that l.ender�equires. Borrower . .� � ur, r„' ���,�_
<br /> � ' • � shal!atso insure aU impmvemen�on the Property.whether now in exister�Fa'subseguently erected.ag�nst tass by flaads ` � ° �`%''':",••°
<br /> a i
<br /> `' � . . to the extent requimd by the Secretarg. All insurance shall be carried witli a�nPanies approved by Le��,.,�,r. The insurancc ,.•_• '���
<br /> ; ' . . � po�icies and any renewals shall be hctd by Lxnder and shap include�ac�payabte clauses in favar of. and in a fom� f . � ��;`'
<br /> .. • . . acceptable to.Lender. `�:.'
<br /> , In the event of�ass.Hanowcr Shall give Lender immediate notice by mail. l.ender may make proof of loss if r,�ot �
<br /> �: ' `� made promptly by Borrawer. Each insurance rompany coa�:err�is hereby authorized and directed to make payment for F- _
<br /> • . such toss directiy to Lender.inste�ad of to 8artower and to L�r jointiy. All or any part osthe insurance proceeds�y be . '� _ .','`�•,_
<br /> ' � applied by Lender.at its aption,either(a)to the rcductian of the indebted���ess under the Nate and this Secanty tnstrument. , ,.r�
<br /> � � � ' first io any delinquent amounts applied in the`order in Paragaph 3, ar.�ihets to prepayment of principal.or(b)to the __: __
<br /> - • restarration or repa�r af the damaged property. Any application of the praceeds to the prine�pal shall not extend or po�tpone , ��,.-,.
<br />� ' " the due date of the monthly payments which are refened tn in g.�ragraph 2.nr change ihe amount af such paymen�s. Any � . ,
<br /> � ,'•'� � excea5 insurnnce ptaceeds ovcr un amount required to pay all outytanding indebtednes��ctcr the Nute and this Sccurity k . -
<br /> • � ����'�' insttument shall be paid to the entiry tegalty entiticd thcrct��. i . ._,
<br /> �' ,�,.� • ln thc event of foreclosufe of thtw Security lnstrument or athcr transfes of tide to L`ie Property thut extinguishes the `:�ti��
<br /> ' • ` • indebtedness.all rigM,title and interest of 8arrawcr in and ta iasurancc pc�;iciL�in farcc�hA11 pass ta�he purchaser. 4 � , . ,,
<br /> �'r • ' ' S. Occupancy. Preservallon. Maintenance and Protection ot t9� Property; Borrower s I.oan Appticatian: ` . : ,: ,�
<br /> • ', 1 � . Lqi,gehoW.�. Borrower shall accupy.e�tabli�h.and ust the Praperiy as Borrower's pnncipal re�idence within sixty days ' �
<br /> � � after the eaecution at'this Secarity tnstrument and�hali conl�3ue ta�xcupy.the Prapeny a�8unowerti prineipal res�d.sue i ,
<br />'�• •r�' • for at least ane year after ihe date of cxcupancy.unless the Secr:ta�y determ�nes thi�requ�rement will c:suse undue han�iship ;
<br />� � � ' for Borrower, ot,unless extenuating rircunictances exist which are tseyund 8arrower� contrnl. ���ower stwil natify j
<br /> � LendeR of any ex::nussting circumstunces. 9orrawer shall ncn cummit wa�tc or dr�tray,damage os s�:5stantiuity change ` ..
<br /> ;r;., � , the Prnperty or aTf�the Prnperty tu deteriorate.rcasonablc a•car:snd tc:,s exceptcd. Lendcr may msy�,x thc Property if thc �
<br /> ' Propeny�s vacant ai a�'+°a�doaea or ihe laan is in defautt. i.ender may tai::re.u�mable�:::i��n ti�pmtrct and pmserve such
<br /> • �-'•�� vacant ar abandoncd i7r�ger�.. Boao�ver+h:+ll al,o bc in default it Hanower.dur�e:n i;��lo.m�pplicaiion prcxess,gavc .
<br /> :,; � ';�'i`;;���kl materlall�r false �: •ir,:t:::.'i�rw� informatic�n ur �tatcmcntw to Lendcr (or Failcd tey p;Wy�air L.cnder with any m.uenai i ;;�'�.`
<br /> ���� inTarmatioN in c.ry�-i:�ia;e R•'sth thc laan cvidcnccd by thc Nutc. lncludin:;�+ut nae limitrd t��.rcpre�enttuion�conreming ;
<br /> f ' ' �� Horrower's a�;upa�.ck'of the Property�.�a prirtrip.d re�idence. If thi�5r�+:r.•'.y lntitrumcnt i�an a lea.ehold.BoRnwcr shall
<br /> • - �• comply with the�mv2sions af�he Iea�e. Ii Ncmnu•er ucquire.fer tilir tQe t':e Prapetty.the Iea�ehe�ic�s�ad fee titte yhait nut
<br /> ;.,;; ., be ctterged unless i.ender agrceti to�he mcrgcr in writin�:. ;•
<br /> �•�'�' � 6� Charges to Borrowe�bnd Pratertion of I.endcr's Aikhts in the PrupeMy. Bacrawcr shvll pay ull gnvcmrnenwl
<br /> ' at�t�cclQal charges,iincs und impusiti�n�that are nnt inrludrd in Paragraph 2. B..rrowcr�hull ps��•thcsc obliga:�an�on °� •
<br />' � � � tim�directty[a the entity which i�owrd the paymem: lY fuilute ta pay w�,uld adver�ety:�ftcr� Lrnder's intcn�� in the , , •
<br /> � � Fraperty.upon 4.crt�erti r�Nues�9ortower shall ptump�ly fumi�h tn Lc:nefcr recrlpts evi�lcn�utg lhese paymemti. ,.
<br /> !f Borrcns'ec,fi°_i1s to make�hese payme�itti ur the paymrm�reyuir�ec:�+y Paragruph 2.ur fails to perfi�m�any��thcr � ,
<br /> ,,.; cove�an45 nnd a�cements rantnined in ihir 5ecurity Insttumen�.��r there y�.a feg�l paxcedin�Ihul muy si�;nitic;u�tly aftect
<br /> � . .. . Le�der's rights in the Propeny tsurh as.i procrcding in hankruptcy. fi�r condcmnatian c�r to enfisrre laws vr rrgul.uion�).
<br /> � • th:x Lender may Qo and pay arh�tever i�neccssary t��prutec�the vutuc nf ttie Pn•perty a�fd l.endcr ti rightv in th�Propcny. .
<br /> - , - •?, including paym�^t c�9�axes.haza:J lnsur�u��r and other dems mcntioncd in Pan�grapb 2.. _
<br /> • Any amo.nts disbarsed by Lertdrr under this N;ireigr�ph sh.iil hecomC:,n u�lditiona)debt ot gonuwer�uid he.recureJ :
<br /> � • .� ' by this 5ecutity Insm�ment. Thesc amounts�hall tscar mtrrc�t frnm the dste uf�isbunement,at the Nutc r.ue.:utd at thc ,
<br /> � ' , � option af Lender.stuil)be imntuliately duc und payahte. �
<br /> � - 7. Coedemnation. The prareeds of any aw,�rd��r claim f�r damagev.dlmrt ni conseyuendal.in c��nn�wtionµi�h any �
<br /> ' ' condemnadon nt athcr t�king af any part of thr Prnperly,ar for convc;y.�incc in placr of cundemn.�ti��n..uc hcrcby�a"igncd
<br /> .�
<br /> - --
<br /> :uid shalt be Q:ild ta Lender to thc extcnt af thv fu11 amoum��i the indchtcdncsc that remainw unpaid undcr Ihr Not�•and thiti �
<br /> ____,._—�-_--_--_---_.->-- � SeCUrilyr lnst�eut-l..ender.h:ill:�pply�uch prtx�eeds.tathr re�xtu�n ut the lndehtednesti under thv N�,tc:md this-Security
<br /> � ' ' Instiumrnt. firct to any delinquem amount� applird an the order pr��vidril'in P,uu�aph 3. �uu! t�cn tc�prcpayment of " --- -- ---- - -
<br /> ' 3 prtncipal. Amr appli��auon ni the praceeds to thc principa) sh:�l nut rxtend�•� postpcmr thr due�l:yte��f the mnnthly .
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<br /> • . _ � .- ..; _. . _ . . rru���„Jdrdgrs� . . _ : _ , _ .
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