|
:� __ _` _ -l - - " . .._.Q'A?�' '��.. _ . _.. ' �-
<br /> . : ' '..� T y � `�' .a.' ' _:
<br /> .. . � �y��. __.�r' ... � __ _
<br /> . ,. . .. �`�` `.u:'. -- - , . . � ` �(':L`�.V�'.�
<br /> . � r ,
<br /> . . . ,�..-. ,
<br /> • -'. ; '
<br /> ..' :_ .
<br /> �
<br /> . . . . � . . � -,: � ._. . _ . . � -
<br /> - � � � ' .�• � • ' ' . . c . . ' ` c- �, ` . - �r'�-_- . � .
<br /> - F . ..:._� -.- . . . , � � , . � � g2=�t1�334 �
<br /> " ' L f
<br /> . ' � ' ' ..:-- __ _ — __ _ _
<br /> - -.- "�-.-. -.-__-___' .— .. . —. ..."'... .. � . .._.._ __ _—_.—'_._ _ __.^_- ` _ _'"—__- _ --_ _—_
<br /> _— _ . ' . . ' " t. � . . . [ ,. �•"" �
<br /> `� �'�w���P���� �.���1FI,�{IF������� � .
<br /> �aoec e�►-�a�oea ey m�riao sna tare��t�a���a«�rrwa. Boirawer sl�tl incWde in eacA moodtlY WY�
<br /> \ x �!M1��d.��►�s�d OIMer CIurK+..
<br /> tQgemec�vith the prurc�p�l and mtec�esst�set fad�in the Note�od aaiy Lte cUuga+.�a�insdllmen!of�ey fs1 ta�s�d .
<br /> sp�eci�}asses�ts kvied os ta lx kvied against th�Pmp�nY•(b)kaxhoid paYa�mtc ar gmuod r�ts on t6e Propeity.aed
<br /> (c)Premiutt�far atsta�ce rt9i�i�bY�S�Ph4• . :
<br /> Ead� monthlY in�aUns�t for ite�s fa).(b)aud<c)sAall a�,nal a�ae-txralfih af thc.anuwl amou�s,ac�asaaabiy
<br /> -----� essitnMed.6y Irnder. Flus pn amoun[sufficiem to maiaLain an addi6ona!_brlance of not mae dnn one-sixth oi the
<br /> -- ._ .._
<br /> _estimatr�t saxwmSA� 77�e fuU amuai amount far cach:ium s�if fit sccumota�,by t-eode�wi�i�a'period ead'n+8 ao�
<br /> _—�� monih befass an ium would bccome de�sn4ueat.LenQer s6atl�fidie�ra�cd1e�:�:�t�uEUS�y uc�s-t� ° - - _- �-_ ___-.--
<br /> — (c?befae tbey becane del�quenE. etbcr with t6e futute moatht -
<br /> ff�t atry time tht taal of the paymrnts heW by Lenda for.iva�s(a?.(b)aad(c?.toS y
<br /> payma�s fa sucl►ttems P�yabk to Leader Priar w the due duea of suci� ilans.exc�eds by ttwre ti�aae-sia�h the
<br /> - e�mated atnoant of ga}�x�ts nequired wpay sucis items wbrn due.and if pa o�the Nae are cuuien�t6en Lendec�.
<br />`'� shall either nfwd the eacess over oac-sixth of the�d paymencs or t tf�t eaces�avcr aaasi�cth ofi the�tcd<i . _
<br /> ; pay��o��ent paymanc 6y Bamwe�.ae the op�of 8amower..If-tha ta�t o�the payments made bY Borcov�ct, .
<br />��.%- for item(a)N).W(c)is insuffi�.tient to pay the ium veben du�tbtn Borruvnr,shaU pry to Lender any amoont a�ry to•
<br /> Nr; make ap the de6ciencY on or befor�the date the itaa becemesda� of H�wsin
<br /> {" As�sod in this Sa�itY tnsqumsn�•"Secr�tuY"�+ns the Sec�etacy 8 and.Uzban Deveiope�ent ar bis or Ber
<br />;`� designx. In aoy ypr in wtuch the i.ender must pay a mostgage insurance p�esnium Eo the 5aroetary,each monthlY P�Y�i _
<br /> c`� � sball aIw inclade eittkr: C)an'im�tallment of the annua}mottgage ins�uance presrtium ta 6e paid hy Lender to the
<br />`�:�y?. Sece�etaiy, ar fi1 a maathly cT�arge iaste�d of a matgage ins�nce premium if this Sec�uiry L�sdumrnt�s[ietd by the ----
<br />.�-�:' ' Secne Fa�cb monthiy irsstaltmentof ihe martga8e insura�ct Premium shali be in an amount sui�icirnt w aocuanilate the —_----
<br /> �`�', <�'�; ftiil an�nuat a►o+rtg'sge insut�ce pnecnuun aiith Lcndet one month prrur to the date the futl �aus1�8e�s• --
<br /> ; F �� be in art __-_-_
<br /> �` : um ss d�c�t6e Sec�ta�e or if this S�acuiity Iastnunent is he[d[ry tbe Sec�etarY.each manthlY charg�� ____-----
<br /> '"`'� �. amamt •�oac-tweSfa�of onahalf peneat oP the outs[anding La�'s�pal batance due on the Nae. ' ----
<br /> � (.'rr ��,- —----
<br /> . �.r ff Bonvwi;t�ieas ta 4.a�der tAe full paymcnt ofra�"J s�s.�.ized by this Security Instiument,BocroRe�aaccoutlt� ____--
<br /> - ;,` shail be c�te�t�ith��+alance remaininS fa all�n.s�ai1,-ne��'items(a).(b)and(c)and any mortg�=�rance _-
<br /> � •c•i�`:. _ -��::
<br /> ,,? premium.msea�[ia�r��..�nder has not become a6liga�.sd to pag�tv d�e Secretary,and Lender shaU pradtiptis any --- ..-
<br /> `�`�' : ' excess fitn�s sa�orroweF. Dmmediately prior w a forectosure safe of�Te Propercy or its acquisidas by Lender,Bdrrower's � ���
<br /> - �� '��� aocaunt a6aFF�be enditod-with��any balaace semainiag for ali iast�����r.�.�or items(a).(b)aad(c). ,.;.-.*si -
<br /> �4. ;1 ;h �-'.!�
<br /> _�:;�-x�:•7�-:;,. �:'�";i; • 3.Applkattoo d Paymeats All payments under Paragraphs.Il a�32 shail be applied by Lender as follows: _
<br /> '-`�:�"���:'-r... �� ]�J$�,to the mortgage iasurdnce pcemium to be paid by l.ender ac c.he Secreta,ry or to the monthly charge by the _
<br /> �'•�c:''_`. . _ '. •::'-
<br /> `�"� .. � Soc�etary instead af t�nsantlily mortgage inswance ptemipm; � ' � •'?�._=
<br /> � •• �:�'� r (�,to any tazes,special assessmeats,teasehold payments ar ground rents,and fine.flood and othce t�azard `i" . -_
<br /> • '.;�_.`•�' .`�,�;;;;�`: insura�s�pcemiums,as requ�red: , ' �4;.•-_.,'
<br /> •�rd�y7..�i�,f�� '?:•+4:::�. . . ��� i;+""�
<br /> �j a . ., , �,',+r.,: �•.- �;ro mttrest due under t�e ti dQe; � . -,.:,•:f�-
<br /> v`�.��a::,;? ',�:4�.`'`� �.w amortization of the pr,�r.��ipal of the Note: ,` -�,�f.;-
<br /> =..., • �,to late charges due under rx�Note. 'f y`,:�, ;
<br /> - ',�„'"=-l�"--*.,=� 4.F'uti nbod aad Other Hazard ln4urance. Borrower shall�sme aI�impravements onQiePra[�rt�;c�h�lhet now '• �,.�.�-.` ,
<br /> �����-.��' �' . in eaistence or subsequently erected,against any hazards.casvalties:andmntirtgencies. includiog�fue.fos w'h�e�t Lender
<br /> . :j;. ,. -
<br /> requires in.s�ce. This insurance shall be maintained m the amou��.s and for the periads that t:eK�der requues. Borrawer �
<br /> shall also in's�.�*�e all improvements dn the Property,whether now in ex�'tence or subsequently erectzd;a8ainst loss 6y floods •- -
<br /> -- ' to the extent required by the Secretary. Ail in�5urance shali be carried with companies approvedby Lender. The iaw►rar�ce � � K:'
<br /> � . policies aad any tenewats shall be held by Lender and shall inciude loss payable clauses in favor of.and in a form• , --
<br /> acceptable to.Lender. �,R:
<br /> In thc event of loss.Borrower shali give Lender immediate notice by mail. Lender may make proof of loss if not �. �,
<br /> � .- � made ymmptly by Borrower. Each insurance company concemec3 is hereby autharized and directed to make payment for
<br /> 4' `;•= ' such loss duectly to I.ender,instead of ta goaowcr and ta l.ender joinily. Al!nr any part af the insurance pcoceeds may be �
<br /> ` ' ' � ' �s�'1` apptied by l.ender,at its opdon.either(ab r,s the reduction oF the ind�Q+rednass under the lYote and�IsiS Security lnstrument. �_
<br /> ! '��.,� ,�.�..,., ,;_;
<br /> "' �• :�� ' first to any�dzlinquent amamu appfie�*.r.a.the order in Paragra ti?.aa0 the+►to prepaymen3 0€principa�:or•(bl to thc r
<br /> ''r;;�;�, ,�i��.::.;i':'.- :<<;,,�i. p L
<br /> ,-.��. 1', • ': . restoration.c:�epalr of the damaged property. Any application af the proceedx ta 3fse princigai shatl not exttnd on.postpone
<br /> _,;;•,. •• [�.,,.,. �� --
<br /> . �"��'b.,�,;.;•'`�' � � ���`. the due�x�of the monthly paymet►t�s which ure refeaed to in P�aragraph 2,or cd�ar,gr the amrnmt of snch�ym:ns.g. Any �;�•;�. ,;,,
<br /> - '���i'�:,'r��;:!'"'" �'•".!�� exces,q sn��e praceeds aver an amount reyuired to pay all ouistand�ng�ndebte�iess und;.rth��ote ar:d ttri;Security s:�:�:-,'"''=' . ' "
<br /> ;':`:' .' '•'it�l•�� .. ' t;1.;, . .
<br /> ; tnsttutrr�s�116c paid to the entity tegally entitled�heret� ���'�'' �'�� �,�,�
<br /> ;. r.r... .., .. �;:,.•
<br /> ;i i,.°:��; • �': '. ,''�:'!I,';:,, j•.:�•,y�_•.._ : -
<br /> ' ! In c.�:event of foreclosure of this Security Instrumene ar other transfer of title to th�Pro�rt}that extinguishes thc „ , � ��
<br /> � -.'"� ���''t;� '' � ���`' indebtedness.atl dght�title and interest of Batrawer in and to iasurancc policics in forre shall pacs Yo the purchaser. � �
<br /> • 't•°'• � 5. pccupancy,Preservallon, Maintenance a�d Protection at the Property: Bonower's I.oan Application: ` '?; �,^�
<br /> ,�.Ii1}�/�;:; :.' ' :. ..
<br /> � I.�aSehWds. Bortower shall occupy.establish,acal J:�the Property a.w Horrowez's principal r�idence wit�a�sixty days �:'''�:�,:�:' ,
<br /> ' � � "�r'� af�er the executlon of this Securiry Instrument aa:��.h:i�:continue ta accupy,the Pr�erty as Bo;rowerh princa�residence ' �s����� . -
<br /> '� .,.:.;°••���.�• ���'.,�.ii;r... �� . �
<br /> '�� i%'.I•. • � �....:: ��'� " �
<br /> ;,, :;,;� :,• . ,. ��;•.�-•. for at least one year after the dute of occapancy.u^.�s the Secietary determtne�th"s.rCqnizem�n�w�ill cause undue hardship . j
<br /> � ,- . ` ""' for Borrower. or untess extenuating circumstances exist which ar� fxyun�Borrower's ra�tra! Borrawer shali natify 1.
<br /> ' •�r'`' �� I.enders of any extenuating circumstances. Borrawer shall nat c�:r�rt'wa4ie or destray,dam�;e or substanlialiy chunRa �. ,
<br /> ;:';,;%'� • ' the Praperty or aUow the Property to dcteriarate,rcaso:�ablc wc�ar an�r.ar except�5. E.�nder ma}��nspcct the PtopeAy ii't�ie �,
<br /> Property is vacant ar abandoned ar the Iaan iv in defauit. l.ender may take cea�o;ab!e actiun taprntcct and pteserve�:uch �` �; ,
<br /> ' " vacant or abandoned Property. Horrower whall alsa he in dcfault if Bnrruwe�.dr.:in,the laan aypti��atiun pracess,gave 1,��!.� �
<br /> ' . materialty �'alse ar inaccurate mfcmnatiorr ur�tatements to l.cnder (Ar €ailcd ta proci3e Lender with any matena! : - -
<br /> inforr.e�.i;�n}in wnncction with Ihc lorn cvidcnced hy ihe Note, includin�. bu�no�tim:.ec��tc+.rt�n:semations conccming ��� . �.
<br /> • Borrowes s occupancy of the Property ay a princip�l re�idence. If ehis Secunty lnstnr^entd.a�r••p�i�a.�ehotd.9orrower shalb• : , •
<br /> • �' somply with the provisions of Ihc lease. If Bortawer ucquireti Pre�i�ie to the Ranec;g.t:e tcas.tic�td and fee titte shall not ,,�;,,:.,
<br /> . . be mcrgecl unlesv Lender agrecs to�he mcrgcr in wriiinu. '`;, ','
<br /> 6, Charges to Borruwer and Protection ot l.endcr'�KiRhtg in the Prupert}. �orrow•:+shall pay ail gc�vcrnmental >,,;�
<br /> � or municipai charges.�new und impoyitions thut are nut includcd in Paragruph 2. �orrower�k�l(�pay these obligulionw un� ' _
<br /> timc ditcctly td the cntity which iti��wed the p�ayment. !f f'aiture tu pay wuuld advcrccly zt"in;:�L'end�r�.intcrest in the � ''
<br /> � pi�aperty,upnn L.cndcr's reyue�t Rurrowcr tihall prnmp�ty funti.rh to l�ndcr rccciptti cvidencia�'�!��e paymenG�. �.;:,'�
<br /> ' Ii Bonower f�ils to malce the�e p:�ymcnt�ur thc paymcnts reyuircJ by Pvtagraph 2.��r i�ii�to�rf��rn�any ather : , ,
<br /> � -. �• ' � cavenants and agreemen�c cUntained in thi�5ecurity Instruntent,ur Ihere ir i.iegal pnxreding�hat may straiftcantly affcct : 'S.:�:., .
<br /> ' � Lendery tlghts in the Prope�y Isuch a�i�pnxecding in hankruphy.Pi�r cundcmna�iun ar Ic�enf��rrc faws or regul�ions>. ; .. .
<br /> �• � . then Lcnder may dn�nd pay whatever is nccc�sary to prutcct the vatuc•nf thc t'cu�xrty t�nd I.cndcr's rights in thc Pn�pena. •
<br /> -.- � - inetuding payment af mxcs,ha•r..uc1 insur.mcr:utd�Kher item�menti�1n�a i�l'.�t.�gu�pli?. - ,
<br /> � � � My nmounts disbuneJ hy Lender under thic P�ara�u�ph�hall bccamr un additi�tnul dchi uf�iurcuwcr and hc accured
<br /> ' , • by ihis Secunty ioswmcnl. 1'hcse amauete ti6al�hcat mtetcst fram the d:�tr ui'dixhur4emcnt,at the Nntc r.�tr..wd at the .
<br /> option of Lendet,slwll be immcdiatcly due:uid payxblc. ;
<br /> � 7. Caademes�tion. 7'hc pnx��c�s of any award��r cluim fi�r damagr�.dircrt ut cunscyucmi:+l.in r„n��ectiun�ith any �
<br /> rondemnation or uther Iaking of uny p�u't of the propeny.ar f��r com•cy:utce in pluce ui eondemnatiun.arc hcrby accigncd �
<br /> � vtW shali be paid to Lcndcr tv thr extrnt af thc full:unuunt�f thr indchtcdnrss that remain.uupaid uu�rr thc Nc�tr�utd this
<br /> • .
<br /> :_._-_—_,-: -� 5ec�trZty lnshumc�t, i.endcr sh:Al vpply sw:h gra:ecds to thc rcductiun uf the iaJehtuine�.y undu thr N�fc aad thiv Securi�y- �� _
<br /> _—_-. . �
<br /> InsWmem, first to su�� delinyuent amnunts appfied in thc order proti�id�d in Faragraph;.aud fficn tii pr�p�ymem�sf , --------
<br /> ' � ' prinrip�l. Any applir�tion of the pmcecvls ro the pnncipal .h;�i) nnt rxtend or{w�tp�inc tNc duc date af ti�c mu�uhly , :
<br /> . , , � •
<br /> , ,.
<br /> . � . . _ . ryu.Ye���aruYra� .. - • -
<br /> -- — – _ 4." ' .
<br />
|