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<br /> ._- ... . ., . . .. , �-�:..� � . .. _ _ . . ..�.."----- ._
<br /> -- . _ , -=.'�. . _.. . _
<br /> _ � -� ..i .. . . . . . . . . .. _ _ . . . . . . ' - .'
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<br /> ...�......»--. � ' _'_"' "" " ""'_'�...'_"�"'""'._.. _�.�.._ '_' __'___-
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<br /> .. .:_._�.;. _'_' "=:�a� . . . ... ... - , , _. _ __ . ...__, .. - - . . - .____ __ _ :- __ . ._ _ . _ . . _ _ .-_,-.
<br /> . ._ ; . , - _ . . . � � . 9�-!01578 - _, . � -
<br /> . !. r��.e�e or rrkei�l.Larat a.a Lste��Eaaowvshal�p.y.whee auF tLe principal of.aaa;me�st oa � =._�=-
<br /> the d�tvideocal by 1he Nate 8od tato cintges due under tbe Note. �,'-,��.n�r_,�-
<br /> - 2. MwtY7 P!�s d 7ius.I�o�aed Other C6Sr�s. Bortower siiall include ia each monthlY WI��� ��,_�;:�-;�;�..--.:
<br /> - -T- P�P�and interat as set fort6 m t�e Note and aey latc cbuges.aa inuailma�t of any(a}faxes aad •'� _�:
<br /> `r c.-iG'_ :S-.II�.4.
<br /> - _= t�W;t�tbe ax�r�percy ro>seushaa r.rnein sra,na �rup�Y � `. _ -_ =
<br /> —=±� spocial�nents kv�ed or to be kvied against . ts or tents on tirc .` . ��r� -,�`• .:
<br /> 4. �'��`-�.�°`.
<br /> — - � ��}�monthiy it�allaxn�tfa'�mms�(a�j(�bi and(o)st�all equal one-rxdfth of t6e annual xmouhts.ag aasacably _ 4 _ � ,'�`
<br /> -- -- - - - estimated by i.ender.pias'�amamt sui�"iciene to m�uttairt an add�tiooa!baLwee of nat u�ose tban me sixti►of the �:z� r�._
<br /> � estimuo3 naow�tc. Ttu fuU anoual amo�mt for eac�ium st�aU 6e aca�mu�ated by Lender within a paiod ending one , r '
<br /> -----� � _
<br /> - ' ma�h befae aa ium wonW 6ocane delinquenL l.ender shal!Iwld th�amounu coliaxed'a tznst to pay iteen�Es�{b)�nd . . __ . _
<br /> - �i + (c)6efae t1Ky becane delinquent . �.. -==- �
<br /> - If at wy time the total of tho p�ymeots heW by Leoder far itema(a�(b?and(c).together with t1rc fimur awnshty , - __ -
<br /> . yments for such iteens p•ryabk to Lender pcior to tlie dae daus of such itans.exoeeds by mnct ttian aae-siath tbe 'E�� _,;' �
<br /> r
<br /> � ''� �amoaat of p�ymen c s reqnind t o pay s w�i u m s w h e i►d u e.a o d i f�. t a o n t h e N o u a r�c u n a�t,thea Lender ' . . . - ". :�,,,.;�
<br /> � _-,, s�ll eitixr nfw�the eaass over�e-sixth of�eshmated payments ar�exau ovec one-shcth of the�imated ��_'> • �,;;:`_.
<br /> ' �` p a y m e n t s w s u b s o q u e ac p a Y m a u s h S►Bo�rc►wer.at the oprion of Bomnw�r. �f tt�e wtet af thee paymeots mide by BoROwer - .:�
<br /> . "°�`' a " fot item(s).(b).or(c3 is insu�cient to pay the item whea due.then Bmrawer shatl pay to Lender�any amcwne nacessary to `..�..i.�
<br /> �:
<br /> _�� maice ep the deficieney m or befoR the date the item becomes duc. . _ _ � . - _:::
<br /> ... As�sed in this Securiry�"5a�ntary°means 1he Socnetary uf Housing and Ur�a Devdopiaem or his or tier _ .. __.-�4��.�.:�.;.�
<br /> ' - ,�,3';`" designee. In any year in w h i c fi t T x i.e nder mast pay a�uartgage Insuranae premium w the Sax�eetary.exh nwiW�tY PaY��t - , - ' . . „.�
<br /> S x :-_�•_�
<br /> •' Y w '- . "um to be L.ender to the "`•"`�s'�'
<br /> ,�,r-:`:f:: sbaU aLso u�clude either: C)an installment of the annual moRgage insurance prem� Pa�d bY _ ,_�
<br /> �• ''� �c - SectetacY+or(ii)a monthly sharge instead of a moctgage insura�e p�+emium i f t h i s S e c u r i ry I nsuumeot is held b y tbe _ _ . -
<br />. .'"' ' � -` Saretary. Each monthly instailment nf the martgage insur.u�ce p�miom sball be in aa amount snt'�cient to accumutate tlte .- .;_.T�__..
<br /> t •,;:.'.'. . �_----
<br /> .. R ' �:�i�>��: - fuU annaal mortgage insnrance premiwn with Lender one month prior w the date the fiill aimual moctgage inswance
<br />, _� .r;;,t�; .ar if this tnsmunent is Ixid by the Secnetary.each moathty chacge shali be in an �';'°�``'-----
<br /> ,�
<br /> c,,�g.. �emium is due w the Secretary' S�u►tY �.��
<br /> _ � ;.�,.';:: , � amasnt oqwl m one-tarelBhciE"aae-h�if percent of the outstandin8 P��P�balance dae on tLe NQte. � -����:`��'`�
<br /> ` .y ..�., � � ;. If Batower tendeis Om Pu��r the fRll Paymcnt of all suc�sectued by dus Seaui�t�,Tp.smtu�ea�Barower s account �,� �v =_
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<br /> 7,f�-';•�. ;�;.� ; shall be ccedited with the��is�g of r a11 u�stalLnents far items(u).[�e1:a�t�;aist�aay mo►tgage insurance . ,
<br /> . ��.,. {�. .. ° , . pn�mium installment thaz Lecn,�ec�cs�[azcome obligated to pay to the Seenetanr:�Tu�ai?��ap promptly nfund an� .- � :�;::�__
<br /> . _ �, -, ._.. _ excess fuads to,Bv�o�er I?��reE�'.17�r to a farectosure sale of the Propectg�s��quisition by i.ender.Borruwer ' t °'",-...`
<br /> � � account sl�aU be c�it�Fidi;�ay balance remaining for all installmeats for items'��:;{T?��nd(c�• ,.�- -,� �
<br /> .<. n:'. • . - ...• , � 3. Applia�D`raE�!!!�x�ts. All paymenu under Paragraphs 1 and 2 sha[16e.��ied by Lender as foitows: . , . ._ -
<br /> , - �'�ac�r�sr-r�',�:+r�.^surance premium to be paid by Lender to the Secr�r�or to the monihly cbarge by the '.._�r� _
<br />` � . .' � � <'. Secret�g:•?�i?��c,�E��e monthty mortgage insumnce pnmium; -; ,: , . ,:- . ..
<br /> . ,.,;' .
<br /> �..�and fire.ftaod and other hazard �'�=`�•• �
<br /> ' � , �,1�,a.��,.w�.`�'s.special assessments,Ieasehold paymea3s cr:�?�� :: r
<br /> `f. ,:, .. � ittsurance��',cm�ris.as rred' • ,' . • ,�
<br /> rt ���� �,,to rt��..si.3��o1��ihe Nae: . �c��� .
<br /> ;x,,%"r , , FOURTH,to amc��%..�i:�a of the principa}of the Na4e: � , "'t4'�` _ . _"'`��
<br /> ,, ;�k� , .� ; ,, i%;�� .zs.�
<br /> � �,to laze char�a due under the Note. • j� � ; r
<br /> �::c. � � '� �
<br /> ` ��`r:. 4. F'���ood and Otl�NezArd Insuraace. Borrower shall�s�a�i�!DV:ments on the Property.whetlxr now �1���.'. :� � '�
<br /> .::.;�:;i _'���-%'�;� � in existe�ice€ri'.�,:�sequently erected.ae�c.s4 any hazacds.ca5ualti�;.�fi��i:.-rrrncies.inrluding fire.for whicb i.ender r�� ,c�'°'��
<br /> a` • jrr:�t.{ �_:-
<br /> ":,;� , requins ins�-�,.'e. This insurance sha�E ii�c.T=.�tained in the ama�s=��f�t,r,e periads that L"en�ler rcquires. Borrawer �•>�'.��. .�-
<br />� � ' �� shall atso Insare all improvements on tfie��rty.a�et�'?es now in existznce or su�ssquendy erected.agamst lass by floods t
<br /> to the extent regaired by the Secretary. A3�i tarancc s�a11 be carried arith campan�es approved by under. The insurance S . .
<br />, . �, � poUeies and any renewals shall be hetd by l.ender arrd shal}include loxc payable elauses in favor af. and in a form �
<br /> acceptable to:i.ender.
<br /> In the�i,�t of tasc.Borrower shali give l.ender immediate notice by mail. Lender may sriake proof af loss if not ..-
<br /> . . •' � � macle prom.;t13�a�y Borrower. Each insurance company cancemed is 1�ereby uuthorized and directed to make payment for � .. „ .
<br /> � sucb loss dir�....:3=;�Lender.instead of to 9ortower and ta LendNr jointly. All ac any�art of the insuranee proceeds may bo � , __
<br /> � s�p lied by 1xr.�.;at its c►ption,either(a)to tne reductian of ihe indebtedness under tfi�.Note and this Secunty Instrument. � . -
<br /> ' � � ' � i��to any u�etinquent amounts applied in the arder in Paragraph 3.and then t�p•::payment oi princlpal.or(b)to the � • ` ;,
<br /> � r�.,.s�uratdon�;tepa�r of the damaged prapeny. Any application of the praceeds to the�nncipal shall not axtend or postpone �� . .
<br /> . the dve��:aSshe monthly paymen�.c which are referred to in PnragiQb 2.or change"the umaunt oP such payments, Any, , �.__
<br /> • . exccss i.�.s�-.�,;e proceeds over an amawrn rcquired to pay all au��.an�ing�ndebtcdneti�under the Notc and this Secu�ity � . �'�:•'t:',;:`.
<br /> ' Instrumerst s�all bc paid to the entity legally ennded thereto. „ , , �•���+•';�•`'',� `
<br /> • � In the event of foreclosure of this 5ecurity lnsirument or atber uansfcr of tit�e to the Property that eatinguishes 1hv • . ,r :� .:,,
<br /> . � indebtedness,ail right.title and interest of Barrawer in and to insurancc polictes in fc�ce shall pa.�s tn the purchaser.. k-.,�.,.- ': '� '
<br /> • ; S, Occupancy, Preservption, Mainteaance and Prutection of the PropesSty: �orrower's I.a�n AppUcatbn; � . ,
<br /> Leasehofds. $oaower shap occupy.establish.And use t�a Praper�y.a���►rrnwert principa!recidencc within xixty day�.. . f, : , �.'" ..
<br /> � • � � after cSte exuvtion of this Seci:rlty Instrument und shall continuc t�accupy tho F'rqperty a.ti Horrawer's principul residence ; � , �
<br /> , . • �, for at teast orre year after�}:date of accupancy.unle�4 ih:Secretary detennincy thi4 requirement R•i]!cause undue hard�hip .
<br /> � . ' fmr Barrower,or unless€�:�x^�ating circumslanccs s:�+�which nre bcyond Hcsrrosvc�ri: ctintral. 8orrawer shall notify ;
<br /> � II.enderw of any extenua::;;circumstanccs. 8orrow�rr shall not cammit waste pr ttCvYray,dumage ur wubtitsmtially change ,
<br /> �
<br /> ' the Property or allow t�he Yropeny to detcriarate.rcasorr�bte wc;�r and teur excepted. Lender m:ry mspect the Properiy if the ,
<br /> � ' Property is vacant or abandoned or th.ta3su+is in default. I.cndcr muy ts�kc rc�.�unabie actian t�prertect and preservo.ruch c� ,
<br /> ' vacant or�:��oncd PtoDerty. I3onawer shAll alsu bo in dcfi�ult lP gnrruwcr,during thc luun uppiicallon pruee!�w.gnvo � ,
<br /> � materially d'�;�: or inaec�:sate information nr stt�tementc tu l.ender (nr f'ailea tn provida l.cnekr with iufy material
<br /> ' jnformnt�on)r.�connecf"s�3F7.G'JazS�thc laan evidenced Q+y the N��te.inc�uding.but nat l�mited tn.rcprc�crnutinny cnn��emtn�+ ; .
<br /> Borrnwer y occupancy of L�.�operty us u principul resi3�ncc. !f'thi.r•5cc�u�ty instrument 1s im a Icu+ehuld.i3uKnwcr shall � ,
<br /> � �. • wmply wiEa i.e provis�ons of the leasc. li Hdrcuwcr a;{�UItC9 ICC[11IC tf1 fI1C PtOjfClSy'.�he Icau�hold and f��e titic shall nat ; •
<br /> . ;`.�''� be merged r,�n?�ss l.ender agrecs to thc mergcr in writing. � . .
<br /> ; ;'�i,� 6. CBgs�.�s ta Borruwer and Protection ut I.cader'A Itights ire the{'rnprriy. �iarrowcr yh�U pay all guvrmmental ;
<br /> � r:..
<br /> or municiQ�.�::�`arges.flnes nnd imp�siNnn!►thut nre nnt includcd m P.�ragruph 2. iiurcuwer�halt pay thc.cc nbligationc un
<br /> � tie^se directfy to the entity whlch is owcYl thc puymcnt. lt'fi�ilurc ta pz+y wnuW udvencly affcc� 1.cndcrS intcrest in thc
<br /> ll�c�r�periy,upnn Lender's fsrouest�anawer sh:dl prumpNy furnish t�•Lcndcr rcrcipt.rvidenciag thezc paymcnts.
<br /> n :
<br /> � , � lf Horrower€aits ta mako thexe Paymcnts or thn puymen�ti.rcquired by P�aru�aph 2.or f�ils 1���xrfurm:uiy othcr : .
<br /> ' ,�:;:,:%. , covenants�a�reements rontninCd ln this 5ecurity instrurnent.ur there is u Icg:il pruteeding that�nay signific:u�tly uffcct . �
<br /> ". • ;,`1c:,� Lender's rc��s?n the Property(such as a prucccding in bankruptcy:fnr cnndeninnHnn or tv cnti�rrc tawv ar reRutatum�). i
<br /> . - : ': __ .. .�, t#�ers ter,d�����a.f do�d pay whstaver is ns:crss�ury ta protect the.value ef the_1'ru �n �nJ Lc nder�right�in the Yri�pe�y.
<br /> � .' , ' . including p�ly�eni of taxes.h�uurd in.yurnncc�nd othcr ltems mcntinneJ ia Prirnba+hp 2 : .
<br /> • Any amounts disbursed by Lendcr undcr this P�.u�a��ph shull berdme su�uddidona)�lebt ot tioa�wer mid Nc sccured `
<br /> by th➢s 5ecurity instrument 'Thesc:unaunts shatl bear interest ftam the d�tte uf dlsbursement,at the Nutr ratr.und at thc �
<br /> • • opHon af t.ender.shW)be immediately duc anJ p�y.►blr.
<br /> ' � . -� ' 7. Condetrinf�tk►p. The praceeds nf any award nr cl:urn fur datnuger.dtrert or conscqucndal,in�unnec�ion with any ;
<br /> . � candemnn8on or othcr laking uf su�y p:ut�f the Pmpe�ty.nr for canvcyvnce in place�f condcumati��n.�r�hrrehy as�i�ncd ,
<br /> � � � nnd shall be p�id tn Lender tn the extcnt af the fuil amnunt uf thc indcbtedn�ss that temains unpaid undcr thc Nute:ut�thic ---- -:
<br /> .: �—.��� :'
<br /> __._.._. . . _ Secur�t}r lnstriiment. Lendcr st�ntt dppfy sncfi ptocecds to tfie�ductiort of the inJcbt�ir+�+uii�ter�he N�te�d ths`s 5cEUrity - --------.- =-------
<br /> . Instniment. first ta any dclinquent:�mounts appfied in thc urdcr prnvided in puragraph ;. :mJ thcn t� prrp:�ymcnt oi .
<br /> •. principal. Any applicadnn of the pmceeds ta�hr pdnripal shall not cxtrnd or p�sipene d�e due date �f the m�nthty •
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