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<br /> � . �� ����� LOA�11 N�. I 5 3 9 2 1 4 7 5 9 . ..�. _.-
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<br />� t.Paym�t�4 mf�rine�g�l�Ir�?er-'&�ans�l.�to��'�iif�. Bcrravrer shal!pay when due the p�inclpal of.�nd ir�terssY an, .. .
<br /> t�e de�t evEdenced by tha I�aie atad l�te o a' as dt��e�r�ar tha Ptote. :� �'�:;. '. '��
<br /> ` 2.?�or�Rh4��ayr�t:�is o4'fexea,ln$urasfc�,��ti�i3n�r Ci�ae�e�. �orrosrer shaft Indude tn each momhly . � . .
<br /> �• _
<br /> , P�Ymet�t,tcgsther wsih t�e P�irtcIp�.J a n d t�t�r a s t as�d t;3�h{n t h s N o t e a n d an y late c l g a r t 3as.e sum for(a)tanes and , ,... .y-�:.:_.
<br /> . , s���s$�ssmaMa tevied or ta be l�nrietl agz•'nss Z�a Prt�psriy.(b)teasahotd payments ot ground rerns on the �- '
<br /> Property.and(c)Premlums for ir�urastic�requ'r&d�r��r Pa.��aAh 4.tn atry year in whtch the I.ar4der must PaY$ - ., �i_
<br /> � mortgage tnsur�n�a�xemtuin to ttre Sea�*.a�+af Ka�x� a�ilr6an OevelopEnsnt(°38cretar�,or ln any yoar in w?�ich ' •a �
<br /> such pramfum wa�dd hsva been requir�d�f R.��ntl�r�1 t� d Y�►a Security InsWme�,eaaF�mor�ihly P�Ymant st►at!atso c �.F.
<br /> • include elther.(i)a sum for the annt�t anort�a.�fr►sw�hce�rem�um to tta patd by Lertdet to tfie Secret�ry,cr(iD a : , . , _,
<br /> . . monthiy Charge inst�d af a enortgaga ln�st�v Pr�r�t'�m f�thl�Sscurity Inswment is h�tdhoySecrseta�y�e'a items � 4' ,. ,
<br /> reasonabte amount to ba dcieTmtnaci(oy t�fl Se�s��ri'. Exc�pi for the mordhly charge I�Y _
<br /> �' are called°�scrow Items°a�d tha surns Pa':d 4o L�s�;�Are ca!!ed°Escrow Funda° . � � ' � ` 4�.�,,.
<br /> la�-+d�r may.ai�nY�.�a co'Ja����a'-�a�raa��t°fisfor Escrow ltems in an a99�8ate amourit not to oxcessi tha • _-
<br />-- _ maximurn amounithst m2y ba requ'sed�nr�$��'}���eg�ons.2 C�R Pa 3500,�Y�Y�aman�ft m -:=". -- - . ------.-r "
<br /> Ad of 1974.12 U.S.C.��?D1 ei sa�.ant!tPn ' � E��'''� '� ���`.���;-'_-
<br /> ,. ttme to tUne('RES°��,��;3ha���'�'"��Ne permitted b�RESPA for unamtcipa4ed dtffiursemeNis or �. . �..:. . ...., ,;;-;-_
<br /> disbutsemertts 6afofeth�Boerov�r2ds Pa�s.'.a�'ts a���vsDabie in the accouM may no4 hs t�as�d on amounts due tor ffie `.�.;.. . .' ;;s:';,:.:+ ._:,'".
<br /> •� � mortgage(nsurence prer�urn- �s� . .
<br /> Y' ` tf the arrtourrts hetd�y L�s�r toT Esc�v►'Ei�►s e��d tha amoulRs pe�nittetl to be hetti b RESPA,Le�►der s�11 +}: . ' _
<br /> � deat wnh the e�ocsss fur�;l�as real�ts�i E�y C��B�'�. Ii the amo r ro wei�drsehul ebBor�ro�tve7 t m ma a up�8 sho ge or� � �' � ;A��~`W
<br /> � tc paythe Escraw t3ams u��m�t�.L�rn�ar���Y the Bo � ��'`.� •, .. ..
<br /> �s .N . • �:.1`.�,J!il�
<br />.} �'., deflGenay as{�erm'�ted�y C�ESPA. •i�ri"'.:,.
<br /> : '�:Yi�=--'—�
<br /> Th�Escraw Funda�s�a p'c�pa�d�a��Uf.rr��!•acx�ritY fcr atl sums secxu�by this Security In�irtman� fi Borrawer .::;.:�•,:,�.�,;;_:4:-_
<br /> tenders w Lender ttra i�tl �.srn�mt�ff a.:��c.��saantg.Barrawa�'s a�ourn shali be cre�'�v�+3th the 6elance remalning ' ::,�.--- --
<br /> tor ail tnsialtrner9t ftems{a��'a}.s'►rA:�)�'►��"rY�oRgage insurance premtum ins�'rn��a21t►at Lender has nat become ;. :, .
<br /> o�li ed to pay t�ths S�r�zs��',��+:��'s�3 prcmptty refund any excess fipn����°arrotiver. Immedtately prior to 'F.=';r:.� �--�=�,�
<br /> ,•��� a fors�t�.iosure sate of tt►�Prap.�sg�oa��'�nn by Lender.Barrowe�'s accnuM sha11 be cr6dftad�nritfi any�alartce � , ,�w_,�
<br /> -�•�` =--='
<br />� rematning for a!1 tnsYeUma�rs fa�4�s�my.(b).end(c)• :,•�`;
<br />' �-AA�tica3ion o4 Fay�tmltt� A�!paymarRs under Paragraphs 1 and 2 shall be appiled by Lender as foilotivs: •�,;r.:,,'��. '`:
<br /> `� ; QR�to the morig�ago ir�urar+oe premtum to b�paW by Lender to the Secretary or w the monthly d�$e�6�e �;�..:.;, w� ..•
<br />, , .. � -.,,. ..
<br /> S Q C r e t a ry(n s t e a d o f th a mo n t h S�/mong�ge insurance premiu e�o r g ro u n d r e r r t s,a n d fl re.ft o o d a n d o t h e r I rt�r d �. ...�: ,; r .—`'-'-
<br /> E ND.to anYtaxes,sPeciat asse�smettis.teasa ho{d p a y m .:�-:.�::;."� '� `.��=
<br /> � insw�ar►ce premiums.as required: `�'``;.� -..F._
<br /> as •�, ' .. ,. .
<br /> nitan,t0lJItBT88�dU8Uild@i$18I1�Ot8: �'` .
<br /> � t'-•-
<br /> .. . �. FOUii1'H.to amorti�ton of tha princtpal of the Note; .
<br /> �,T�{,to tate charges due under the fVata :� ��
<br /> � 4.Ft�,Flaod and 09h�T i��d In�u�artce. BoROw�r shail tnsure all(mpravemartts on the Property.w}�'er : , I�; .- .
<br /> _ . ,�:i now(n e�d s tence o�s u b s�q u eml y�eec�erJ.a g"�mEt any hazards.casuattiea�and coMtn genctes.Including flre.fot which _ S :-
<br /> -,.
<br /> L e n d o r r e q u i r e s l r s s u r a nca Thls tnsurance�be matma(ned(n tha amourtts and tor t ha petioda t f r a t L e n der re q��r e s. �!.��:�t�.r�;��`.��
<br /> :�;�;,�-
<br /> Bare�wer shall also Uswe ail impravemsMs��3he Proparty,w he t her n rn v i n e u��3 e n c e a r s u b a e q u e r r d y e r e c t e d, +:,r F�'�
<br /> � a g a t n s t t o s s b y fl o a d s to�ho e�aert�e qutred by she Secrefary.All inswance sha11 be c�urtad tivith compan�es aPpraved +`,�!.� `=�:
<br /> by Le�t ter.The tns u r a nc0 p c ltalss a�d a�►Y renewais shaSi!�o he t d by L e n der an d s h a l l t n d�d a t o s s p a y a b l e c l a�a s In ��j __
<br /> ;i�.. -
<br /> . . favor o f�a n d in a torm acce p t a b!e t0.Lender. .,�3:'f,,. . .
<br /> In the eveM of losa,Borraurer slrai!give L�dor tmm���aie nntico b�m�t.l.ender may matce p r o o f a f loss ff not �: :._r�::._
<br /> �'d
<br /> �• made promptI�l by Bonw+ret.Each tnsuqance�ampaml�ancemed is hezsby authorizc�d and directed to rt�ke payiner►t .
<br /> r
<br /> ior sucfi ioss�firectly to Lender.inste�d of to 6asrcwer and tn Lender toi�tiy.6Ul or any paR of the Usurance praceeds ; ;-?`=���
<br /> may be ep�fted by Lender,at its option.efther(a)to the s�duc�cn oithe indebtednesa underthe Na2e and thls Secur�y � ;•;..____
<br /> � � lnstrument,firstto any deiinquertt amourits applled tn the order tn Paragraph 3�and then to prepayanert ai princtpal,or .��"s:''�
<br /> An a p1icatlon at the pracaeds to Yhe pdnctpal shaill not -�'►'- ----
<br /> . . (b)to the restoratlon or repair of the damaged Qroperty. Y P h 2.or change the amourd -- -.�'�'__--..T_.
<br /> e�der�d or postpone the due date of the ma�iS4ty paymerrts which are r�nad to tn Paragrap
<br /> .<, � of sucti paym�.My excess insuran psu�o�eds aver an amount required to pay all outstandtng indebtaciness under 'Pfi��,,3¢,:��,.^,
<br /> tha Note and this Secur�tll InstrumeM she11 be pstd to the er�tity Iegal►y enti8ed thereto. t� �� .- --
<br /> ��mv�m���t�sure a�t tD�is Security Insuumec��ar ather transfer d titts to the Properry eutinguls
<br /> �bt�r,ess,a►{�i�t,t1L►e arn�Nttere�t af Borrower In arr�t go tnsurance pcl�tes�n B��s L�oan Ap ica"u�3 � ��
<br /> S.Occup�a�cy.Rre�e�s�.Maintenance and P�'�:�cton of ths Praperty; _ ...--._
<br /> � Lea�stwids. Ba�rawer sha11 occuPY�estabtish.and use the Fropert5►as Borravuer's p�tn�B�rrav�v�W n�cil��a� .,
<br /> � aRer the exec�tton of ihis 8ecurfty InstrumeM and shali co�rtinue to occapy the Pcoperty P� P� .r :�'si':�_"
<br /> resfdence ior at l�ast one year after the date of eccupancy.uNess the Secretary determines this requireme�t wAf cause =__
<br /> undua f�rdshtp tor Borrovrer,Qr unless e�denuaNng circ�-nstances exist whlch are beyond Borrower's conVd.Bocrower _�� �
<br /> � shall natKgt�ers of any exb�a�uating ctrcumstancea B�n.."+n►er shall not commtt waste or desbray,damage a �� , � �
<br /> . . substartHalty chan9e the Pro�irty or altow the Property to deterlor�ate,reastmable wear and tear excepted.l.ender may �� ��;�:.-,..-
<br /> s ��r��.��<�..:.:...
<br /> � �' Irtspect tha property if the Property is var�+t or abandoned or the I�n is In deta�tlt Lender may take reasonable actlon 4�4�t:,�,�. --
<br /> ..:.... . ..,. ., � �•:
<br /> to pratect and preserve such vacant or a�mn�oned Property.9oma+nrbr shall etso 6e in defautt lf Borrower.dudng t e -�--�-.•_�:��;;:.—.
<br /> toan ap�itcation p�ocess�gavQ rn�to►1�Sty iatse or inaccurate I�rfom�ailon or statemeMs to Lender(�or��t'omr���e --�`:-�:°�•°` � �=.'
<br /> Lender with any materia!{r►fo�len)1n connection vrtt9t E�aa ta�n evk�enced by the Note, ndudln , . �����f�,;;_�
<br /> ., ,��,.,.�,.,�:--t-
<br /> . re resentatlona conceming E��cwer's accupancy of Qtae'�'r�ope►ry as a p�inatpal restdence.It thtsSecurity Irt�ment ts ����;�- �_ �
<br /> on a ieasehold,Borrower shall comply with tho provlslona�the 1e2�.lf Borrovrar acquires fea tNe to the Properry,the :��:.��,j5�_: :..:-
<br /> lea$ehotd an�i f�tr��s�rSf not be margod uN3ss Lender agreas to E�e merger In writing. _=—_-r-=.>�_.,,-----
<br /> " e.Chtr�ss 4��orrarw�er�nd Protec�i��e o4 Wndo�s Ri�9tro f�:e tMO Rropety. Borrawer shail pay all gavemmentaf �xk;..�;.:
<br /> or munkt p�ct�nges.flnes�ra�impoai�ons thai are not Snctuded in Paragraph 2.Borrawer shaii pay these obiigationa a,-4��
<br /> on t�.�v d ireL"t(y ta the erttityt�h1ch{s etiv�d tho paymerR.lf ta�lure to pay wo�d adverse(y afiee�t Lender's irnerest in the -�°.���•3.�-.; ,'
<br /> r m 3umish to Lender recel�tnridencing thesep ayrrr'� `�'� �'',''��'_` ` Y
<br /> Pra�e�ty.upon L�s►de�'a res�ae�i BorrowsT shail p o pi�1 orm u,.y ather - ���'�' •
<br /> if Borrawer fai�ta maks these payme�ots or the payments requlr�d by Paragra��2,or fa4s ts peR _
<br /> covenants and s.�semorria contained in�ka 3ecurity InstrumeM,ot�am is a 12g- la praceedfn�t!`�t may sign�IcanUY t�n�v�a�r���i�f = -
<br />`y, �,` affect Lender's rights In the Property�suc7�as�proceeding in bani�ei�icy,for condemnatian a��o entorce Iawa or "t:�:r�"'t".��•.�,'-
<br /> �j-.� . � reg�atlons).then Lender may do and pay whatever is necessary to protect the vaiue of the Praperty and Lendes's ��. : _
<br /> � ' dghts In the Property,ins�udiszg payrnent ot taxes.hazand Insurance and other ftems mantioned In Paragraph 2. r;,�,�,t`'L:.•':,,'• .
<br /> , My amounts disbursed�y Lender under this Paragraq�h shall become an addftlonal debi of Borrawer 2.�k�s T�.�H,,�,�',.:i;.,
<br /> � '' secured by this Socurlty�nsVUmern.Thess amou�rts shall bear Interest from the date of disbursement,at the Note rate. �a ` , _ ,:,., •
<br /> ' and at tho optlon ot lsnder,shall be lmmedlately due and payable. ` . � � _
<br /> � �.Condemn�tion. Tho proceeda ot any award or ctatm far damages,direct or consequernial,In connectlon v�ith �, ��'
<br /> o?the Pro ,or for comre artce tn ace of candemnatlon,are hereby �'���••�:
<br /> any condemnation or othertakingot any part penl► Y P� � . �
<br /> � � assfgned and shall be paid to Lendar to the e�dem of the fuii amount of the indebtadness that remains unpaid urtder the .
<br /> ' � � Note and 4hts Sscuriry Ins4rument Lender sha11 apply such proceeds to tha reductlon af the Indebtedness undEr the , � �-
<br /> � ' Note and thls Security ir►stnimerrt,flrst to arry delinquortt amounto apptied In ths order pravided In Paragraph 3.and
<br /> ' , then to prepaymeM af princtpal.My application of the proceeds to the principal shall n�t e�end or pasipone ti�e due � .
<br /> • , FHA NEBFiAS!(A DF.�D OF TAU9T g/9g • .
<br /> • . .. ISC/FMDTNE//0691 J(695}L PAGE 2 OF 4 ' '.
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