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<br /> � , "' '•:,,,,,.. I. i'�yment of Princlppl�Inlc�e�l und l.ate l'hwrge. HuROwer,IwU p��y when du�•�hc prfncipid ol�.+mJ interc��on. �---
<br /> • ,a•, �� , the J�ht evidcnred My Ihr Nu1c und lute churgc�duc undcr�hc No�c. ___
<br /> - Y. Manthly poymentx o�'11�x��,lnerruoce and Other Characx, li�►rmwrr +hull include in cuch mon�hly puymcnt.
<br /> , ��-:�. �� • tagethcr wHh �he principal und interer�us ut foAh in �hc Nu�c und any Intc rhur�ccti, im in�tullmem ��f uny lu) taxr,nnd
<br /> �. . r;pecial unr;c�smcm+levfed or to hc levied uguinsl thc Pmpcny.lbl Ic;►,chold paymcnl+ur�:round nmiti on�he F'ropcny,und �,._
<br /> � .' Icl premiumti fi►r Inxurance rcyuired by Puragruph 4. __
<br /> • ,. ., ' Fach m�nthly instullment for itemx lul. Ib) und (c1 shull c uul une•�w•elfih of ihe unnuul umauntti, na rruumubly �
<br /> � . -„ n - estimoteJ by LenJ�:r, pluh un am�unt sutticient ia muintain an addilii►n�d hal;mrr nl' nut morc Ih;m onr•�ixth of Ihr -_,.,T__
<br /> ' ' � estimuted umoums. The full unnuul nmount for each ilem xhull t+c uccumulutcd hy Lender within u pericxl ending one �'.�'=
<br /> ' � . month before an item w�uld bernme delinqu�nt. L.�nder�hall hold the amaum�collected in tru.t to pay item.(ul,lb)and �
<br /> (c1 before they hecome delinquem. __
<br />'��� � If at uny time Ihe talal oi'th� paymeni+ held hy Lender far i�rmw lu).Ib) und�rl,t��gether with Ihc t'uiure monthly _
<br /> '. puyments for �uch itcmx paynMr to 4enJer prior 1�� the dur da�es of.ruch items,errerd. hy morr than onc-six�h �hc =�
<br /> • � estimated amount of puymems reyuired tu pay su�h ilem�when due,und if payment+�m Ihe Notr arc currrnl,�hen Lender �-� "
<br /> • shaU either refund the excess over one•�ix�h M'thr e+timuteJ payments or crcdn th�excess ovrr onr-sixth i�i'the estimaled
<br /> `• payments to subtiequent paymenh by BoROwer,ut Ihr option oi Borrowcr. If Ihe total of thc payments madc by Borcower ��..!�= �
<br /> � � ,,;,•�_ for item(nl.(b),or(c)i.inxufficient ta p•ry�he item when due,thcn Barrower shall pay�o LenJer uny Amnunt necessury to _
<br /> �;;,;;�:;i;;' muke up�he JePciency cm or brferc the date the item becomes due. �o,�,.,
<br /> . ��.�?,�;� As used in this Security In+trument,"Secmts�ry"meuns the Secretary of Housing and Urbun Develapmenl nr hiti or her __ ,_. __
<br /> ,� �° • designee. In uny yenr in which the Lender mu�t pay u mortgage insurance premium w the Secretory,each monthly payment
<br /> FIIiIII AI30 include either: (il an ln��allment of the annual mongnge insurunce premium to be puid by Lender to the -
<br /> . n Secretary,ar (ii1 u monthly charge ingtead of u monguge incurunce premium if this Security Instrument ix held by the __
<br /> "- Secre�ary. Euch monthly installmem of thr manguge insurance premium ahall be in un nmount sufficient�a uccumulate�he °-
<br /> • ° full annual martgage insurunce premiurn with Lender one month pnor to the date the full unnuul martguge insurance c=--_
<br /> premium is due Ia the Secretary;or if Ihis Security Instrumem is held b�the Secretury,euch monthly churge shall he in en -._-_- —
<br /> +�' amount equal to one-twelflh of one-hulf pereent of ihe outstanding princ�pal hulunce due an the Note. `
<br /> If BoRnwer tenders to Lendcr the full p:ryment of all sums secured b��thi.Secunty Intitrumenl.Borrower':;nccount �-�. --
<br /> �. ��' � � � shnll be crediteJ with the bulUnce rem�+inin�: for ull inatallments i'a� item. lal.(bi nnd (c► und uny mortgage insurance _ - --
<br /> , � �%�i:' premium installment thu�Lender hus not t�ecome obliguted to puy to�he Secretary.and l.ender shall promptly refund any , �
<br /> �;;.,. y y P I� Y N Y u'�.{i,-
<br /> � '� •. �••, exc�ss funds to Dottower. Immediulel rior to u Poreclowure�ale of�he I'ro ri or itw ac uisition b Lender,Borrnwer's "r��'�s�
<br /> �;. � �•�'''� � eccount shall be credited with uny balanre remaining for all ins�ullment+fbr items(u),(b)and(c). �_,;�'4is.=°-
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<br /> •, ; -:, .•�;��:,:.::,_, 3. Appllcatlon of Paymenis. All p�ymenG�under Pun►gruph,l and 2 ehull be upplied by Lencler as follows: �.._^--__- .
<br /> "� . �;':;.;+��''�'��•i;��' �T,to the mort�nge insurunce prem�um to tx:puid Ny Lender to the Secretary or to ihe momhly churge by�he �:�---
<br /> ���' ,. �; � `;;'',i:r''�:'f�.� �' Secret inateud of the manthly monFa�c irnurance premium; j�'3w�f
<br /> � •� ;t �'� " • �'•�� ��,�o nny taxes,sperial aesexsmentw.leASehold paymcnts or ground rents,und fire.tload ancf aher huzurcl '�s'""',f
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<br /> ;:' : _�_-_--�._�._ insurnnce premiums,as required; ';`...j•
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<br /> �HIRD,to intere�t due under the Note:
<br /> Eou�t'H.to amortization of thr principul nf the Natc: _.._
<br /> FIFTH,to lutc churges duc undrr thc fvui�. �"-�''"�
<br /> 4. Fire�Flood and Ather Ha�,urd Insuranre. Burrowcr.hull inxurc ull improvenx:nts on ihe Property,whethcr nuw
<br /> in exixtence or subsequen�ly crcctul.u�uinst uny huiurd�,ru+u:►I�ic., and contingencic�, including fire, for which Lender ��.~ ��
<br /> reyuirc.imurance. Thi,inwr.u►�c�hull Ix muintumrJ in thr umountti und li►r the perioclti thut l.�:nder n.�uirrs. Bormwrr ---
<br /> xhall uku imure all improvcmcnt�an Ihc Ro�xny.whellxrr now in exi.�encr��r�uh�cyucnUy rrected.aguinxt lotis by Il�xxis _—
<br /> to the extem reyuireJ hy the Sccrctury. All in.ur:mcr.h�dl tx rurricd w•i�h r�mipanic+uppmved hy l.cndrr. The insurancc —
<br /> �x►licicx uixi any rcnrw�uls .hall tx hclJ by Lenik•r aod ,hull includc lur. puyublc rluu,c. in fuvnr uf. anJ �n u 1'�►mi �
<br /> ucceptuMr�o,Lcndrr. -" - ..
<br /> In �hc rvcm ol'lo.,.Harn�wcr,hall Erv�l.�ndcr immcJi:��r n��ucr by muil. I.rMicr may mukr pr�K�f o( los. ii n��t "��.. .- -.
<br /> mude pn►mptly by Borrowrr. Earh in�uranrr rampany runcrmcJ i.hrrrhy nu�h��riird unJ dimrlyd tu muke puyment liir +x '
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<br /> such lo��JirecU)•lo I.cnJcr.in,IcuJ of tu florrowrr�md in I.cnJi r jaimly. All��r;�n�parl uf Ihc in.uruncr pnxcrJ+muy tx .,•.as...'","::,--
<br /> .,t� , applicJ by Lrndcr.ul il�uptian.cithrr 1 ul lo tlx ndurlion ul�hr inJrMcJu..,undrr ih�Nuic anJ �hi,Scruri�y In.lrumcnt. � _:�;_'
<br /> fir.t to any Jclinquem um��unt+ applfeJ in the��rJrr in Paragri�ph �. soid thrn ti� prrp;��•�»�m��r�ryn��r�i.ur Ibl to Ihe �.-r�;�:
<br /> ' R,loruti�m or repa�r of tlx JamugcJ pru�xny. Any:��ri��:���„��,��i,����k«<i,�,��ix r��n���:d ,hull n�►t extcnd o�p��stpimr . , `---
<br /> • Ihe duc dulc uf thc monthly paymcnM whKh sur retrrrrd t�►in I'ara�ruph ?ur changr thr anunmt of.uch paymunlx. Any ' . _
<br /> „ cxcesx insurmice pr�kc�ds over un amuunt rcyuinJ u�pay all uu�,tunJin�indcht�Jnr+. undrr Ihr Ni�tc unJ thi.Sccunry
<br /> In.trumem shull Ix paid tn the entitY IeEully crniticJ thrreiu. - -
<br /> In the cvem of li►nrlo.ure��t �hi� 5�curiiy In.irumcnt ur��Ihrr�run�fcr uf iiUc to Ihc F'ra�xny that rxtin�,uixhc+the ' _
<br /> , indchtednetiti.all right,t i11c anJ intrrc.l u(Bnrrowcr in and w in,uran�r pulirir� m ti�rrr�hall pa,.to the pur�hu��c
<br /> 5. Uccupanrv. Preser�ulion. Malntcnance und Nrol�rNon of' thr Propert}�; Burruwer's l.oun Applicatfon; --. •
<br /> ' l.cascholds. Borro�vrr ,hall�xcupy.�,tabli.h. and u.c thc I'n►�xny a, Horru��rr;principal rc.idencc within �ixty Jay� � � =-
<br /> after thc rxerution uf thiti Sccurity In.trumenl unJ.hall continur tu urrupy the Pru�kny +i�Born�a•er ti prinrfpal re+iikncr � ,.
<br /> for at Icu.�onc year after�hc da�c iil�krupan��,unlr++�hr ticcrrtar� d�l�mtux�thi.r�quircm�n�will cuu+c unJuc hurd+hip �
<br /> for Bomiwer, or unle..extenuuting rircuiri�tanrc. rai.� u•hirh :ire h�•�•ond Hurro��cr'� runtml. Burm�vrr shull nntit'y
<br /> Lenders of any exlenuuting cirrum�tance,. linrruwrr.hull n��1 rummil ��•ntitr ur Je.tr���.damagr ur.uh.�imiiull��rhange
<br /> ' Ihc Pro(kny or allow Ihc Pn�(xny lo detcriurutc. rca,onal�lr wrar:md iei�r cxrc�trd. Lrndrr may in.pert Ihc Pru�xn�•il'thc i
<br /> Pri�peny ix vucunt iir at�andoned or tlx lo�n i.in JrGiuh. l.rndrr ma� taF.e rr.uun:ihlr:ir�iun iu praler� and prr.rrvr wch
<br /> vucs�rt i�r ahandoneJ Pri�ny. H�,rru��er�h:dl .d�a Ix in dcluult il' Hnrraµrr.durm�:th�In:m applica�i�m proce,.. �;uv� �
<br /> malerially fvl>r ��r inaccurulc inforn�atinn ur .lalrnunt. tu L�ndrr I��r I:nkd tn pn��idr LrnJcr u•ith ;my nuurnal ,
<br /> infnrtnation) in runnertian wi�h thc Inan e�idrn«d h� ihr No�r.mrluding.hut nut Iimiled�u,r�pre�enluli�mti conceming I
<br /> BoROwrr:ocruparwy e�f�hc 1'rn�xrt)•:i.a prinriprl rr.iJrn�c. II ihi.tir�•nril� lo�t«mirnl i,nn:�Ica�ehuld. Bnrru��rr,hall , .
<br /> cumply wilh thc pruri.iom uf Ihr I�a.r. If Hurcuwrr.icyuir.�.tie uUr h��h�•1'rn��rn�.ihc Ic:�,chuld and frr IiUc.hall nut �
<br /> lx mcrgcd unlr.,l.cnd�r a�nc,i�,thc mrrErr m .�riung.
<br /> : 6. Cha�Res tu BurroK•er und 1'rolMtiun��f Lcndcr'.Ni�!ht.in Ihe 1'rupert�. N��rru��rr,hall p.i� al l Eovcmmrntal
<br /> or municipal churgr.,fine.:►nJ im�x�.iti�,n. that arc nni inrludrd m {'�n;��:raph �. Nurru��rr.hall pa� the.r ��hli�:anun,�►n
<br /> timc Jircrtly tu thr cnti�}• ��hich i� u��rd Ihr pa�mrnt. II t:ulurr ��,p:i� ��nuld aJ�cr.rl} :�Ifrct LrnJrr: ioirrc.t in Ihr
<br /> I'n►perty.up�m I.cndcr�nqur.t Borrm�rr,hall rr�nnpd� tiimi,h lu I.rnJcr rcrcipi.r�idrn�mg Ihr.e pa�mcnl,.
<br /> If RorroN•cr iail, 1��m:�l�r thr,r ��a)mrnh ur Ihr ��:�)menl, re��uirrd M ParaEraph �. �x fad. tu pertimn am �,thrr
<br /> , rovenunt�;md:►�:rccmrni.runt:uncJ in thi.tirrurn� In,irumrnt.��r Uirn i.:�Icgal pnk•rcdm�:iha�mu� .i�:mlirunllj aftcrt
<br /> L�ndcr�righl�in thc ProFxny �•urh a�a prit'i�dm�, m han�rup�r�. ii�r cunii�•�nnan�m��r u� cni.�icc ia�„ ���icgui.�iiui�.i.
<br /> ' , thrn Lendrr may Ju and p:q wh�ncvcr i.nc�r�.ar� a�pnnrct�hr�•:�lur�d ihc Pru�xn�:�nd I.cnd�r',ri�hl+�n Ihr I'ru�xnr.
<br /> includinE puynknt of���c..h:vard m,ur:nxr:uiJ uth.r ilrm,mrntiunrd in I'ar:��r:�ph�.
<br /> Any amounl�di.hur�rd h} Lendrr under thi,I'araEraph.h:dl Ixcomr:m :idiliU�roal deht nl' Horm��rr anJ tx.rcurrJ
<br /> My this Security Inttrutnenl. Thr,r amuunt� ,hall tx.�r inlrrr.l Irnm Ih� d:ne��I�li,hur.rmenl.at Ihe Nutr r:uc. and a�ihr
<br /> option of Lender.�hall Ix immediul�l� duc anJ�,;��aMe.
<br /> 7. CondemndUon. Thc pnkr�J,of am:���:�rJ ur rl:um lur danta�r�.dirrrt ur runuyurnti:il.in runnccii�,n�vilh am
<br /> ciindemnalion or iiihrr laking ol'un� pan uf tlic 1'ru�xn�.ur tirr rumc�:�n.r in plaic uf runJrmnation.arr hrrrh�n�.ignrJ
<br /> and shall lx paiJ ti�Lr�idcr u►�hr rr�cnt af thr(ull amuunl ul hr indrMrJnc.. thai mmain.unp:ud unJrr�hr Yiac anJ Ihi•
<br /> Security Imtrumrm. Lcndrr�hall apply wch pnxcrJ.tu thr r:.furnun uf Ihc mdrhtr.tnr..undcr thr Nutr anJ ihi.tirruru�
<br /> Imtrumrnl. t'int lu any Jclinyucnt anuwnt. a��plird io thr unlcr pru�iJrJ in I*.uagr.iph 3. anJ �hcn tu pn{,uymrnt .,I
<br /> prinripul. Any applic•rtiun ��f thr pnxecd� lu Ihr principal .hall nu� ��trn�i i�r �x�.�punc Ihr dur da�c uf ihr manlhh
<br /> ��a�er_���J�•,�e�„
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