|
_
<br /> ��� . ,�°_3 ' __ _
<br /> ...�.,.�,....
<br /> . ;xpr.qr�✓;a.�. . "'
<br /> _ ' - _:s:�;..s
<br /> �i• ' _ - _ -- ---
<br /> ' , - -- - - • - ----.•- .• - -.....
<br /> ��,�:, R�„� .a. 92 —
<br /> z.� . 1021
<br /> f�� �� �;p[rii^�. : 1 4 4
<br /> .:,��;��
<br /> :_��:;;�.";..,; .:; --
<br /> j ;�t;e�,Q�yr��- •• 1. Pwyment oP Principal.lnlerewl And l.A1C CFIYI'(�N. Bonuwcr�hull puy whrn Jur iix�rinr ipal of,anJ intcresl on. --
<br /> '� ti,;,T���„Y��...;,,, the debt evidenced by the Note und lote charges Juc under ihc Notc. g;.�;-_Y_�:�----
<br /> � 2. Monthly pAyment�ot 71�xea,ln�ur�nce wnd Uther Cha ev. Burrower shull incluJe m cach mnnthly puymenl,
<br /> �<I+v" ,.:�r�p•r .. .
<br /> ;5,�;:"`a-;�„?;'y;���;�'. " tagethet with the principal and interest us set fanh in�hc Nntc an uny lute churge.,un in+�ullmen�of any lu)tuxcti und �s__i_---
<br /> �.,....__-_..
<br /> ,.;. . _ ���� .:•- n p eciol ussessment�levied or to bc levied uguinst the Pmpcny, (bl Icuschold paymrms or gmund mnic on�he Pr��peny.utid __—
<br /> ���'° ^ . ° (c1 premiums for inwurunce n:yuircd by Pumgruph 4. —_ �
<br /> �`�� - Fau:h monthly inswllment far ilcros lal, lh) and Icl shull eyuul unc-iwrlfih �►f�he annuul umoun�Y, ax reuumubly ___
<br /> ;!;�4:�ti#st�i•:r.";ern��, �.�.-s
<br /> . ;�,,. � cslimnteJ hy Lender, pluti on sunnunt suffi�ient ta muin�ain un uddilion•rl halunrr nf �xd rnorr ihun one-sixth of the �
<br /> '� � cstimated amounts. The full annuul umouut for cuch Itcro shall lk arcumulatrd hy I.rnJcr wi�hin u peri�xl cndinF onc �"'--,c=-'---- _
<br /> ��;,�'; � • • month befure An item would become dclinyuent. I.ender chall ho1J�he amcwmv cullertcd in wr�to pay item+lu).Ib)and �__
<br /> �c1 before thcy become delinquent.
<br /> -��r� !f At uny timc the totul of�hc puyments heW by l.cnder f'or items lul.(N)und(cl,tc�gc�hcr wiih thc future monthly � _
<br />.�.... y> _�
<br /> ,-}`. .• � pnymentc for such items puyuble to l.ender prior ta Ihe due da�e, of such it�mx. exceed+ by morc than one-+ixth the
<br /> ' .,. estimu�ed umount of puyments reyuired tu puy such itemti when due,und if paymcros on the Ncwc sam current,then Lender :.�,
<br /> ' • . '. tihull either refund the cxccsti over ane-tiixtb of the estimaled pa�ments ur c�edit the excc.s over unc•cixth of thc cstimntcd lr-
<br /> �° � - u men4s to sub.sc ucnt payments by Burrower,ut the option i�l Hormwer. If�hc totul of thc p:�ymems mude by Borrower �T';,,,d�_
<br /> � • ° P y q . ii owcr tihall a lo Lender uaty amount necersury Io �.�., ' '-
<br /> ' � • . - f o r i t e m(a),(b),o r(c)i s i n x u f f i�i e n t t a p a y c h e i c e m w h e n d u e,t h e n B R p y
<br /> " make up the deficiency on or hefore the dute the item become�duc. _._,. —
<br /> Ati used in this SecuritY Inxtrument."Secretary"mcuns Ihe Secretury ui'Housing und Urhan Development cx his or her _
<br /> � . . • designec. In ony yeu�io which the Lcnder must puy u mongngc imurun�:e premium to Ihc Secn tury.each manthly payment �t"--�`°'-^
<br /> � xhall also include eithcr: (il an imltdlment of the unnuul rnonguge in,uruncc prcmium to be paid by Lencler to the
<br /> " ~ � Secretary, or (if)u monthly chur$e inxtead of+� mortguge insurnnce premium if�hi,Security In�trument �s held by the - ,
<br /> Secretary. Each monthly inqtullment of the mongnge insurunce premium yhall Ix in un amount suff icient to uccumulute the �`�•=
<br /> „- "� � • full unnual moAgagc insurance premium wi�h l.ender�ne month prior to the dute thc full unnual mongAge insurunce ��,�i�`ti
<br /> premium i.r•due to the Secretnry:or if�his Security In�trument i+held bY the Secretury,cuch momh ly ch+ug�shall be in an -
<br /> � .y ' anount eyuul to one-twelfth af one-half percent of thc uutstunding principul haluncc Juc nn thc Nae. _i��,y �
<br /> �� ' If BoROwer tenden to I.ender�he full paymem of All+umx tiecured by thix Serurity Instrument, Bcxr��werk uccount - -,--�4_
<br /> shall be credited with the bulunce remuining for all instullments for item+ lsil, (bl unJ (cl and any mungage insurance p
<br /> premium installment thot Lender hati ncit become obliguted lo puy to the Secrc�ury,nnd l.ender sh:�ll pramptly refuncl uny �..�� _
<br /> excess funds to BoROwer. Immedintely prior to u forerlo�ure sulc of'thc ProFx'ny ar i�x ucqui.ition by Lender,Bortowerl �e.T�.4�_�"
<br /> " � . account xhall be credited with any b•rlance remuining for all in�tullments for i�ems(a1.(h1 und Ir l.
<br /> � • . 3. Applicatlon oP Payments. All payments under Pnrugr+iphs I und 3 shull bc applied by l.ender u.c follaws: _
<br /> •' ' _ FtKSS,to th�morlgage iuyurw�cc premium w lx paid by Lcndcr�o thc Sccrr�ary ur tu the munthly cl�w'Kr by�I� ��u,.;;,.,
<br /> , , " Secretury ins�eud of the monthly mongugc insurancc prcmium: �� '
<br /> • . S E�O N D,w a n y t u z e s,ti�x c i a l u,s e s s m e n t s,l e asehold pa yment.r•or gruuncl rem�.und fim, flood und other haxaid �_'_ __�
<br /> • .. insurunce premiums,as reqwred; _—____ --
<br /> THIRD,to interest due undcr the NWe; -
<br /> ' i' ' I�( l ItTH,to umonixntion of the princ'ipal of the Nate: --__--
<br /> '.`.• '',�'' FjFfH,to lutc churgex duc under the Notc.
<br /> �'•�;,, •, 4. Fire.Flood and Ot6er Hazard Insurance. Borruwcr.rhull in+urc:dl improvcmen�s on ihe Praperty.whetlxrr nuw ; � �.,
<br /> � � in�xis�ence or subsequently ercctrd,ugnintil any hururd,, casuultie., und cuntinEcncic., including fire, for which l.ender _� ;Y„.'
<br /> � � requires inwur:uice. This in+urunce shall he muintuineJ in tlk umnunt+unJ tiir Ihe perials that Lender requires. Borrower �
<br /> � , ' shall ulso insure all improvenw:nts�m�he Property,whe�hcr M►w in cxititencc ur�ubscyuently erected,against loss by fl�x�d� �'`'�'
<br /> to the extent reyuircd by 11�Secrclury. All intiu�.+nce shall be curried with c�►mpanieti upprovcd by Lender. 'The insurance � �
<br /> policies nnd uny renewnls �hull t�e hcld by I.endcr •rnd ,hul) incluJe lo.+ payuble claure� in ts�vor of, :u�J in n forn� ,�_
<br /> ucceptuble to,Lender. . , `;.�,:,s�''�
<br /> In the even�of lux.r, Borrower shull give Lendcr imnxdiatc ncitire by muil. Lendrr muy make pr�c►f af loxs if not _,�,.},�
<br /> ' mude prompdy by Borrower. Each insurunce cump•rny c��acrmrJ i.r her�by au�horir.eJ unJdirr��tc:d�o make payment for • - -_.,�__
<br /> � such lo�s directly to LcnJer,inztcaJ uf tu Borruwcr anJ�u Lendcr juinlly. All ur any pan of Ihc in+urunce prorecd.may be . x;°�_
<br /> ,r;.�
<br /> applied by Lender,ut its opliun,rith�r(ul tu thc reductiun ul thr indebtednc+.midcr the Notc anJ thi,Securiry Instrument, ;;�___
<br /> � ' first to uny delinquent umountti applieJ in thr ordcr in F'uru�r��h 3. und ihrn tu prcpaymcn���f principul. ��r(b►to the �.___
<br /> , restorulion or repa�r uf Ihc Jumagrd pruFxrty. Any appliration ut thr pnxcrd.w�hr prinripal �hal l not cxlcnd i,r poxtpotw ' ;..+,, _.,Y_
<br /> �. '" the duc date of Ihe monthly puymen�.which ar� rel�tred tu in Paragr.iph ?i�r rhunE�thc am��um uf.uch puymen�ti. Any � ti.•;
<br /> excess insurunce pr�xced,ovcr un umount rcyuinJ to pay•rl I uui.lunJin�!indehteJne.+ undrr thc Notc unJ thir Securiry
<br /> ,, Instrument shall Ik puid w thc enlitY Icgully cnliQrJ thcrcki.
<br /> •• •• In the cvem of foreclosurc ot thi, Scruriry Inslrumcnt or uthcr tran�fcr uf tidr to tlx Prap�rty thut extinguitihes thr �.�_
<br /> indebtedness.all right.tiUc und inlerc�l uf Burtuwrr in:mJ�a in.uranc�p��hc�r,in ti�rcr�hall r:�„tolhr purchaser. � �.'�"
<br /> � � yi•,'�Yy.,.;-.
<br /> S. Occupancy. Preservation, Muintenunce und Pn�tect�►n oP tlx 1'rv�perlv; Burruwer's I.oan Applkation; . ,_
<br /> ' Leaseholds. Borruwer shull a:cupy.r�tabli�h, unJ u+r �he 1'ru�xrly �� B�muurr. prinripa) re,icknce within s�xly day� r ,...:y''^`r`
<br /> after thc execution of this Serurity In.trumrnt anJ,hall ronlinuc to inrupy thr Prop�ny a,B��rn�wer's prinripu)res�dence i _„
<br /> ,. fbr at Ieust one ycur uF�er thc Jutc ol'�xcupuncy.unles.thr S�crctaq•delrmimc.thi+rcyuiremenl w ill cauu undue hardship �
<br /> � for Borrowcr, �x unlcs. extenuuting circuni�Wnceti rxi.t a•hirh :irr Ix�yund HnrraHCr. runtr��l. Burrawrr shull nutify ��
<br /> Lenden of uny cxtcnu•rting cirrum�tuncc+. Burtowcr.h:►II nol rummi� �va.�r ur dc.lroy.dama�� ur,ubstuntiaUy chunge f' .
<br /> ? thc Properly ur ullow thc Pro�xrty to dctcriuralr.rcatiunublc wrar and te:�r r�rrpird. Lendrr may u�,�:rt the Propcny if thc
<br /> Property i�v�cant or abandoned or thc lo•rn i�in Jct�uull. Lcndrr muy�al�e rc;i.�,n:�M.action tu praert and prcscrve such �
<br /> vucam or uMandonrd F'ra�xrry. R��ROwcr.hall ul,u hr in dcfaull if Horn���•cr.�urin�: thc In.�n arplicalion prore+s. gavr
<br /> muteriully ful,e ur inuccuratc infomrHion ur .I.urmen�. ��� l.rndrr lur t':iiled in pn�vidr l.cn�kr wilh any malrrial
<br /> infortnutionl in cunncrtiun wi�h thc luan rvid�nrcd hy thc Nulr.includin�:hul nal hmited t��,n{�n�rntalions ri��xrmin�
<br /> Borruwcr's ixcupunry nf 1hc Pro�xny a,u prinripal rc.idr�xr. If Ihi�tirrunty Intilrmnrm i,an u I�u�chold. H��rruwer.hall
<br /> comply wi�h tlk pmv�.iun,ul'�hr Ira,r. If HorrnNrr acyuuc�lec litlr 1��Ihr I'mprrty.Ih�le:►,tIx�IJ a�td fec tille rhull tx�l
<br /> ix�mcrged unlc�.l.endcr agrce��o Ihc mergrr ui��•riting.
<br /> ' 6. CharReti to Borrowcr s�nd Protcctinn uf Lcndcr's Ki};hl.in the 1'roperl�. N��rr��w�r�I�all pa�•all �avcrnmcrnul
<br /> or municipal rhurgcy,tines and imp�nitiun��h:n :vr nul inrludrd m Parugraph'. 13urrowrr,h;dl pap thc+r uhl�gauun,on
<br /> limc direrlly to lhr�nlit)• which i� u��cd Ihc pa�•ntrnt. II t':ulurr i��p:�)� �«���Id ad�cr�rl� :d7crt Lcn�lcr'. inlcrr,t in thr
<br /> � 1'r�►perty.u(xm Lender'ti rryur�t H��rmwcr tihull promptly t'umi,h ta Lrndcr rcr�•ip�•c�idrnrm� tlk.c pa��mnl,.
<br /> � It Borrc�wcr fail�tu tnakc thr,r ��a)•nunt. ur the pa)mcnl,rcyuirrd h� 1'uragraph _'.�►r I;u I�li► �xrli►n» an) uther
<br /> covenunls and+�grcrmrnt,runtuin�J in thi.tirruril� h�.trumcnl.ur lhcrc i.;i I��}.:�I pr�kecdin�. Ihat nwy ,ignitirantl� aft�ert
<br /> . . Lenderl rieht�in Ihc Protxrt�•I�uch:�.a prurreJm�:m hanl.ruptc�. li�r curnlrntnauun�a•�u rnli�rie la�"��r rrguL�ui�n,1.
<br /> Ihen l.ender muy Ji�anJ puy wha�cver i.nrrr.>uq tu prutrrt thr�aluc�,t cnr iv���xm•an�i i.����nr',�i�.i�i,i�����c ����j����.
<br /> . includinF paymem ol't�xc,.haiarJ imuranrr;ind othur nrm.mrntiunrJ in P:iruEruph '.
<br /> Any;mwum.Ji,bur.rJ hy Lrndrr unJ�r thi.Paragraph .hall hrr��inr,in:uldiuun:�l dchl ul N�eru��cr:�nd tx,rrun�l
<br /> by thi.Security In.trumrn�. 'I'he.r anuwnl,,hall hcar intrrr.l tnm► Ih�Ja�r ol.li.hunrment.:� th�Nute ra�r.:�nJ :n ihr
<br /> option uf LenJer.�hall tk immrdiulrl� dur:►nJ pa�uhle.
<br /> 7. Condemnation. 'I'hr prikc.d.��I:my a��ard��r rlaim I'ur dumagr,.Jirrct ur a,mcyurme►1.in«mneruun ��•ith any
<br /> runJemnution ur uthrr rrkinE ol'miy pun uf Uir F'ru�xrl)•.�K I�ur rum��:�nrr in pl:a�e u(r�,nJ�•rnnat i��n. �rc hrrch� :i..i�ned
<br /> unJ.hull be puid�o LenJrr iu thr c�ien�ol tlk lull umount nt'the indrlurJnr..ihai irmain.unpai�i un�irr ihr N�nr and thi.
<br /> Scruriry In.trumrm. LcnJcr,hall apply wrh pnx�rJ,�o tlk redurt�„n„f ihr mJrhtrJm..w�.lcrilic N��Ir�ind Ihi.tirrunl��
<br /> Inxtrumcnt, tin� tu uny drlinyuent amuwu� :�rri��.i �„ the �rrdcr �,r�n iJrd m P;ir:��:raph i. ;wd ihrn in pnp:i.�mrnt �,1'
<br /> pritK'ipul. Any applirutiun ol �hr pr�xceJ, t�� Ihr princip�! .liall nut r��rnJ �n ��u,q,�,nc thr.lur .ta�r �,1 �hr munthh
<br /> ��a�e�•:,���p,�e�•,�
<br /> • �� _ ._� __- -
<br />
|