|
_ , _ _ . -..s . . .
<br /> - — - �t ��
<br /> - - , .�-� -. :��s=, t '�'�`_=�-.' _ _- _ _ � .�_ __.
<br /> � _ -'-- -- ,- •s R ��:_ -- __ : __ . _ -_ _ _ � _ ` --
<br /> ._� . . _`; �� .---- - - -- �.
<br /> � � . - .�__ - - -- `- - — �
<br /> _=--_-= -- -;=--�:�.: . - - -. _ . , . - - �
<br /> .� � - ` , ' �,a�� w 9�--��i38� � , " ..
<br /> �. �►,�.�������. � �� �. ��:,���,.
<br /> -__-- the debt evidea�ed by tbe No�e aad tatc chatges due imder the Note. $�wee shaU inciude in each monthlY P�Y�� --
<br /> ---_- L MaatMi!!�F�ts o�'i�es,�aad Ot�er CYar�es.
<br /> - _ � tagaha with.th�__principal and'a��est as set forth in d�e Note ud any Tate cbarges.an iastatlrt�eai of�y(a)taxes md . _
<br /> sr�.r-�-� _�" ,,�.. � special ssses�a�ts kvisd or w be kvied against the Ftoperty.(b)le�tdwW paymeats ar g�ud rents on the PcuprRy.and ___
<br /> — �� {e)�e s a i u m s.fot•insuramce tequuicod bY FuaS�Fb 4. =T' -
<br /> � c teq
<br /> -�--� __.,.,.,�. Eacls m o�1 y�s�h n e ne for i t e a s s ta).l b)a n d(c)s d a i l e q u a l a�e-t w d M o f t h e a i m u a l a m o u n t s.a s c e a s o m b l 3► �
<br /> .���-�: - e s d t m t e d b y.i.e�d e r. P tus an amoant safficie�st w maintaut an add�aaal balance of�wt mone tUaa aoe-sixth o�thc � -
<br /> �t'"' estimatod amaw�tts.. '['!�e fuli anau�l amonnt far each ium sbail be aoaimnlatod by I.�nder within a period ending on� �=T-----�.
<br /> :�-__��i•:.•', I.ender sball hotd the amamts caUectcd in�ust to y items(a).tb)aed `�m�
<br /> .�,. � . munth before an.jtesif wo�1d become deliac�uea� P�, �
<br /> ;,.: , • , (�)befo�e theY���9�- �� �� '-
<br />_r - r,�- :- If at aay��viae the taal of the paymems 6dd 6y Lender far iwns(a).(b)and(c).tegether with tl�e future moathty � �'_,
<br /> payments.far,$u�d�iums paYabk to Lsnde�Pnor to the due dates of suc6 items.eaceeds by rtw�e th�n ane-sixth the �'.:,_���_
<br /> . esnmucd amowa►t�of payments re9uired top aY soch iteaos wl�en due,and if pa. ts on�be Nflue are cumrnt,then L.ender =:,��W-__--
<br /> stall eitha mfut�tt the exass aver one-sixth of the estimated payments or�eacess over aie-sintb of ttie estimated _ :.::-:�.�
<br /> _..�.� _ to�su t payrtxnts by Borrnwer,at tl�e optioa.of BorcaweL if thc total of the paymrnts made by Bamwer �`e:i'��- _'�
<br /> '"�,��;�:;i%::s�� foc� 'i�t�{a).�(b):�f�insu�ent to pay the item wt�en duc.therr Banower shalI pay tol.ender any amaunt necessary to �: _.-�_ -
<br /> - �,::�;:f:-�-" . matceap the�y oa ar 6efore_the date the ium becomes duc. •��j• '_
<br /> �,y�`•�`�'-�: As uc�i fiiitithis Securiry fnst�nem,"Secnetary••nxat�c the Secretacy of Housing and Ur6an Developmen[or his a her ��;':%��•"•.�"'`~
<br /> -�r�?�;�.r:><.,.._ d� I»> � eat in wluch the,l.euda�sc Qay a moccgage insur.�nce prtmima to the 5ec�et�y.ea�.fi motithlY PaYmer►t� � _ _.��'�"-�`a.
<br />- . - �t;�•j:•i-..r,.';- ., - ' �,': �}'y , . . _ _ ,-.
<br /> �~'�"`y '.; - shall aL.v3��i%t�e e�iher: fi)an msta�me�t of the annual mortgage ins�uance p�ciiium to be paid by Leoder to the - �`• .L
<br /> ,. `��,���':.::: �. r�.:;
<br /> ._::.,;.;_:;.. . . See�tasy.�ai.±{ii�a uLi�i�I�:charge in�ead.af a saortgage insurance pnemium if thes Securicy Iastrtiment�s held by t�e - �. � �r,s-J..' ;_'Y=`-
<br /> � Fu�-�rt - Se¢ceta�►.;�m�hT��taltment of tfie�insurance premium shall be ui�a�ount suffic�ent to�mmuta;�.the � �J;=
<br /> ����`=�- fnD asmvaL-� ��isdsanee premiu�.c��i.[.ea�ic�r one montb pnor to the d:ae dre.ful�annual mortgagc usu�acs�. -
<br />. . , ��r:�+'s,'; _ . '..__
<br /> ,�;,•: . pn:mium.�s��S�croia�Y:or if rfri.��[�swment is held iry the Secietary.exfi ma�ktY�h�e��'ie-it��i. . :
<br /> r f:-;�::.�`. : nei ba/ance due on the h`ac� ° , ..
<br /> ,r;. ,. . . _ . amatutt.�7�to one-tweiftb of one-halfp�`^.,,�oftTi�ootstandin8 Pri p�al • �;:-•� � t:.
<br /> ;f - . . [f�+iRq�ver tenders to l.ender.�ne����m�t of all sums saur+ed by this Security In.utsuaenG$acmwer�a000iuiE ; �
<br />� �tl bF�crettited widi the balance�;.g,fer.�installments for items(a).(b)and(c)an�aRY mar[�.u�surance: 5
<br />. �%'s .�" �ium.inf(allmeat tisat Lender has npt beeome c��t;gaud to pay to the Secmtary.and Lcnder shail pr�amRtf�cti�undacry ,. �r'=°_
<br /> . ,:� . property or its uisisioa i.eRder.gonower� „ _
<br /> - '�;;_„_-,,,�„w..,:.,�.,. eacess futr�tg to Borrvwer. Immediatety priur to a fa�closu�sale of the �1 bY
<br /> _ , ; :,.: •• accaunt.sfia�i�be ciedited witti any baiarice remainiag for alt instaitments for iterts ta),tb)and tcr._ . , _. ..�. ,. .
<br /> � ; . 3.. �rqtion of phyments. AII payments under Paragraphs 1 and 2 shail be applied by Y.eader as fallows: z,`r -
<br /> ;�.•t�'';�'�. �to the mongage insurance premium to be paid by L,ender ta the Secretary or to the monthly charge by the • _
<br /> ' F;�:�-r�•. • Secreta�sy mst e a d o f t he mon t h ly mo rt g a g e i n s v s a a c e p r e�a i a m:: .
<br /> :"' �, :
<br /> SF.C�I�p-to any taxes,special assessment5 leas�old pa�er.esms argraund r�nrs.and fire.flood and ather hazard , ,�__.
<br /> . �� . �'�;
<br /> , ,�: .;}�r;�f;':��, insumt�sjt premiams,asrequ�ird; . �; - �:
<br /> . ��'�'••� �;to�nterest due under the Nate; � , .
<br /> •.��.�
<br /> ;� ��',,;'�"' •; �': FOU�'�H,to amonization of the priac=_pal of�se hace; ,_ ..' ; ._ , LL �g
<br /> '` ;j;�`f, ';,'";` ' �i:to late charge�due under�:•e�'�ate. ``�
<br /> ;i-s';-��,r' _, .•;:. 4. Fit�:Flaodaedfbt��Harairdtasuraac� �scr�wershallinsuteallimproverceatsoT��:�'roperty.whethereov: ._ �� _
<br /> � ��''��� in existe�c�:or subseq�e�;y erected.against any ha�''�.+,cativalties,and cantingencies.ici'ciu�:g�re.for�.i�i�C�-� �4.'. �
<br /> .7-' ,r .-., • ,
<br /> requires insmunce. This'cfsurance shall be maintaine��in the nmounGs and for the perivds tIsat Lxnder requires- C�o:?a:+�r., ,
<br /> � '� ,, shall alsa i.nsure all improvements on the Property,whethet now in eaistence or subsequently erz..-ted.�gainst toss fsy t��s .����
<br />'.. • '; to the exteGt�tequired by the Secretary. AII insurance shail be cairied with campanies approtiecf by Lender. Thc insur�sce '�,'`
<br /> • � policies arr��iany tenewals shall be held by Lender and shall include loss payable clauses in favor of, and in a form �'
<br /> accepta5l.�ca�l.ender. i
<br /> In tht��event oi to�.a.Hoaower shall give l.cnder immediate notice by mail. Lender may make proof af lass if not
<br /> made�prat�ptly by Borrower. Fach insurance campany t�mcemed ic hereby authoriixd and directed to muke payment for , � = _
<br /> such l�osfl d�tecilyto Lender,instead of to Borrawer and to Lender jointly. All or any part af the insurance proceeds may be �3.
<br /> apptied:b��k.ender,at its option.either(a)to the rcduction of the indebtedness undcr the Natc and this Secu�ty Instrument, .'=;
<br /> �irst ta�am:delinc�uent amoun4w applied in the arder in!'aragraph 3. and then to prepayment of principal. or(b) to the � �
<br /> � restoraz±crs�r repa�r af the damaged preperty. Any applicatian of the proceeds to the pnnc�pal shall nat extend or postpone � .
<br /> ths dwvy d:�:u.:of the manthly paymcnts w�;r;ch are tefetxed ta in P�aragruph 2.ar rhangc ihe amaum of such payms�ts. Am� � ..:
<br /> •;� . �xcess�ins�rance proc�.5�nver an a:noc:t.required:�p'ay :�II outsutnding indebtedness under the Nate and ttn's Secvr�L'y 1� :.
<br /> lnsttur..»r.f shall be paid ta c.he erstity leg.aliy�entitfad[he�cta. � :",� •
<br /> ` . In�tis�event of forectosure af c[zss S;.curity lnstrument ar a*.ber transfer of title to the Pragerty thut eatinguishes ttie ;`:.�:,� • ;
<br /> • indebU:dne.�.s,alf risht,title und interes:a�Borrower in and ta ir,s�ranqe pnlicic�in farcc shall pa�c ta the purchaset. �
<br /> • ' , , S.,pccupancy. Pr�ervation, '�f�intenance and Protec�rns ot the�Praperty; Borrawer's I.oan Application; ..
<br /> 1.ta�ehulds. Barrower shall accupy.es�ablish,and u�e thc Ptopen� as Borrow�er�pnncipal nsidence whhin sixty days t
<br /> {.. • after tfr:�executian of this Security in�trument and shall contiwe ta accupy the P:ctiperty uc 9nrrawer�principal retiidence
<br /> for at le:�st one year afterthe date of�xctpancy.unlo�s tho Secrrtary determinc�:zhi�requiremem wiU rause undue h:ud�hip f
<br /> for Bummer. or untcss extenuating c'sr�rristances cxi�t which ax heyond Borrowers contral. Banower tihull notify . �
<br /> ;ry • l.Cnclers�of any extenuatin�citcumsra.��.s. Borrower�hall not eommit waste or dcstroy.dam:�e ur sub�tantially change �
<br /> the Ptaperty or allow the Property to deteriarate.rcu�onablo wcat and tear excepted. i.en�cr may tnspect tho Praperty if the
<br /> Pray¢rty�s vacant or aba►sdoned or the lo�n is in defau{t. l�cnder may takr rca�aahlt artion to protect:ind preserve�uch
<br /> vaaana�or abandoned Property. Barrower tihall al�o hc in dcfauli if Boaoa•er.siurin�s Ehr laan applicaiiun pr��ccss,gave
<br /> rtt3teciall�r false or inaccurate infomwtion ar statements to l.cnder (��r faii�d �n provide l.ender with any mutenal i
<br /> ;;� � infam�uon)in connectian with the laun evidenccd hy the Note,includinpr hut not iimited ta.rcpru�enuitiun!�conceming
<br /> � •�, Bunawers accupancy of thi�Pruper[y a�a princi�ttl n:sidencr. If chi�Sccurity�l�i�.tcumoM i.nn a I�asrhalJ.BAQON'Ct tijl:tl{ ,
<br /> �: cam??��w�eh the provis�ans af chn fe�.:c. !f Hotrawcr ucyuirc�fcv tit3c!'t��`thu 1'ruperly+tho tca:chaW:ind fee tit14 shatl ncn � .
<br /> ' be merge�cnleay Lcndei aDrecti to thc+murgcr in�vriting, ; ; ;
<br /> :�,.,� .. 6. Charges to Borrr►wer aad�Protertion ot 1.cndcr's RiRhto in the�Praper�y.�Bdtruu•er�h��ll p��►��a l l g<+vemmer.w i � _
<br /> _,, or municipal ch:vge�.fino4 and impusitiuiG41hu1 urv,not included ln Paragruph 3. �i:�mnver xltall pa}•thrse obli�atianc��t:r.,� �i {' '
<br /> � i • time�directiy ta ifie cntitp�svhich 7.�au•:d thtl�Qayu�nm,� IP failure u�p:�y���c�uid!adverselylatisct tti+ndet�inicrez. i�,c'�d , i.,
<br /> ' . ,•.'``� � pre,perty.i:�sn l.end�t's reyuc+�t Borra�.��er sh:�ll rrompdy fumi�h to t,cindrrxcrefptr.�cvidens ing�tht�ge pa�mems� � :
<br /> ' If��:rau•cr Fai2�t�s make�hn•e paymcnt4•ix the paymcnt�r�a.yair4d,6y���9trugruptt��.as•fallH�ta�perfarm:utiy�:i�ur � � ,
<br /> � cavenanes�.�d agree��n�s rantained in thlti 5ecurity In�trument�EyS;�Cr4 is h tcg�l pr��eee3ing�tfisit mu}°�s�pnifir.►n�ty xfPe«���. i • .
<br /> • . Ltnder's rights m the�resge;ty(such a4 a praceeding in tnutkrtip.cs..;or c��ncieenn.►t�an c:.:�cssiorcc lu�v�ur regtda�ion��. , . .
<br /> •_ _•. . _ th�n Lccder may dc�a:�Qay whatcver is nerrss;�ry tei protcct th�tia:u�of tbc i'r.i,rrty anJ l.rtider�right+in thc Pn�peny. ; .
<br /> includi�g payment of taxc�.har+rd insur:�nre and nthcr itcm�mc:�:rn�ci in P.iragra�h 2. � �
<br /> �tt��.:�ounts disbursed by l,enler un�fcr this i��r���.raph t?��t:�i�ecome:ui udditiun:►f Crh�c�i Harrowcr und b.;zccured
<br /> • ,� � � • by�this�urlty InsWment. Thesc am�unts shall bru interc�l.`:::�i thr datc of disburse:�_r�t:.at the Nutr ratc.:uid at tbc". . �.
<br /> • optionof Lender.shali be immediately duc and p:�ysblc. � .
<br /> . � y. Condemnatio�. The praceeds nf anq awatd or daim fi�r dam�ges.direct�r canseyue�ui�l,io c�nncctian with s�ny
<br /> conQemnatian or nthcrsakin�of any part nf the Propeny.vr fi,r cunveyance in place of cond�mnutinn.t�te hereby assignrJ
<br /> - - � and shall be p�id td l.ender to the extent of thr tull umount ot the insebtcdttess that rem�ins unpucl wtdet Ihr Note.�nd this � .
<br /> � -----_:._._...�_�. . .
<br /> __ _ ..__ .. 5ecutity instrumcmt. Lender sfr,�l appty such pnx�t�►ttir c�cluesii;ri�€ttic is�debtc<lncss usu�!!he�tule:inc!th14 Sti�c�titSc . - • -. --.--- --- • -__.
<br /> . Instrumen4 first tn any deliequene :unounts npplcrd in the nrdrr provided in �.�ragraph �, and then tn prcpaymcnt af
<br /> � . pritrcipal. Any apQlicuuon of the procceds to thc principal�h:�l n��t rxten�or pnstponr th�due dute of�he montfily - .-.
<br /> ,.. • .
<br /> � -- ... . ... lpdgr z rJ4paceH - _. _. • _
<br /> . .
<br /> . . ,
<br />
|