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<br /> 7.,��¢„,,,.�,�,�..,„ 1. Pwyment oP Principwl,lnteresl ond I,�te Charge. Hortuwor�hull puy whcn duc IIk nrinripul uf,and,iat�re�t un, ---
<br /> �he deM cvidenced by�he Nute und lu�u chur�te�due under thr Na�c.
<br /> , „ •, ' . 2. Manthly p�ymentr uP71�a4r.lnsurunce�nd Othe�ChorQea. Burn�wrr.hull includc in ra�h momhiy puyment, �
<br /> . � t�ge�hcr wi�h�lxr principul und inten+t uti ,et f'ohh in thc Notc und uny Isuc churgc.,an imtullmcn� ai'•rny lu)tuxc+unJ
<br /> . ,. �p4wiul ut�tiessmentr tcvicd ar to Ixx Ievied ugu�nyt the Pro{x:rty.lb1 IcuwehuW paymrnh�ir Kn+uad ren�,��n�hc 1'r�ry�ny,unJ
<br /> „ n. ., ; lc)premiumn ti�r in.urance reyuirrd by Purugrrph d.
<br /> ' Faeh man�hly in�tullmcnt f�r it�m+ �u).Ih�und Irl +hull rqual une•�w�.�ll�h �rt �h¢. annual umuunt+,u, mationahly
<br /> _ - es�imuted by Gen�k�.plue on wuuum hufficiw�l �u muin�ain �u� .�JJiti�nul bal:�nca ��f nui niurc th:m one•tiixth uf the ��--- -=—T=—.--.
<br /> � • •� e.tima�ed :�nountn. The full annuul :uimunt ti�r each i�em ,hull ir uccumulul�d hy l.ender within a perk�J enJing unr
<br /> � ° month beWre un i�em woulJ txc�►mo delfnyuent. l.ender+hull h�►Id ihr um��untn collesuled in tru�t 1�►p•ry�ecros 1•rl,lhl anJ
<br /> ' . ' ' Ic�beiixe they txcurno delinyuenl.
<br /> -- o . ,, ° If ut any umc the towl uf�h�p�ym�my Itield hy Lcnclar for i�cmti�a1. lhl und.(v►.tugrthrr with ih�future m��nthly
<br /> puymems fnr �uch itemti pryubl�t to Lcndur prior to thr Jua daluti nf nuch flrmr„rxcerJ. by mun thun une•�ix�h the
<br /> � • ; r.rtimated amount uf pryments reyuirrJ tn pav such itcmy when dua,und if,pavmvntti.�m thc Nutc arc curreM, lhcn Lcndcr --
<br /> ' � � , � shull rithcr refund the excesr uver une•tiixth.i!the w�iimuwQ Fvymrnt,or cndrt �hc��xce,�nver�mc-�izih uf�h�c,timu�ed __
<br /> , , • • � payment�w,ubnequent p•rymems by Burrawar,ul thc•option uf Nnrnnvac If Ihe t�rial uf the paymrnth muJe by BoROwer
<br /> - :.-_�: ,:�. i fur item!u).(bl.��r(cl i,imufLciaid t��p;�q tI►r i�cw wLro Jua„ttren[i��rroK�r,hall pay to Lrndcr:my am��unt ncY:e4�ury to
<br /> •� � � make up thc deticiency on or befure thc dulo Ihe item hecamrh du�.• u
<br /> , ,•:�'' A,uxrcl in thiv Serurity fnrltumam,"SccRtury"mcun.r the�kCRWry uf Hou�ing and Urbun[kveb�pmem ur hi�on c�r
<br /> . . � � dc�ignee. In any yeur in which thr l.cnder mu,t pay u monguge intiurancc premium w thc S�wretury.rach munthly puymcnt
<br /> • ' � shnll ulsa includn ei�hcr: (i► an inxtullment oi thr unnual munFage in.urancc premium to lx puiJ by L�ndc� to thc =__
<br /> • � • Se�:retsuy.or(iil.0 rnonthl� charge in.tead of u mortguge inwrance premium if ihi,Security In+ttvment is held by the `
<br /> �• . • - Secrewry•. Euch man►k!� inatidlmrnt af thr monguge insuruncr premium+hall hr in am ame,unt tiufficiem tu:urumulsue tlx s•^-- ._ _��_____.
<br /> � full unnuul murtgpRu in:�uranca prcmium with l.ender nne mumh prior�u ihe d•rtc ihc 1'ull unnual mort�u�r imunuxti -
<br /> prcmium ix du¢tu�he Secntary�ur if thi.Securi��Inurument i+held by�hr 5rcretary,cach momhly char�e+hall be in an
<br /> , amount eyual io una-�u•al[th�f une-half Fxrcant ot thr uwtitanding principal buluncc duc�m thc N��1c. �''
<br /> • If Borrowcr�ar.denr to L�nder the full paymem uf ull+um++ecured hy�his Srcurity Intilrurnent.Ri�rruwer�arcoun� �
<br /> ' .. shull Ne crcdited with�thr bulance remuining for ull in.tullmenl+ for ilems t•r). Ib) and(rl anJ :►ny mongaFc in,uruncc -
<br /> �� � premium instullment�hut Lender hus not Ikcomc ohliguteJ to pay �o�he Secmiary.and L�nder�hull promptly nfunJ any -
<br /> �� , •••�;�+ excess funds to Borrawer. Immedia�ely priur�o a farcrlasu�r aulc of the Proprny or iu acquisition by LenJer, Horruwer: . _ �
<br /> ° � uccount shull he cred'Ned wiih:uiy bul•rnce remaining for ull in�tullmentti for i�rm.�u1.1h1 und lcl. � _',"y�,�:—
<br /> ��•;'1: 3. Ap�ItcAtion oP Peymen4v. All p•ryments under Punigruph� I unJ?.hull tx applied hy l.cnder ax ti�lluw,: •6�• "';��
<br /> ���� :' kJS?1: �o the rnortg�ge insurunre prcm�um to tx�puid by Lcndrr to thr Srrretary or tc�Ihe momhly chargr by Ihr --: •.•���`
<br /> ' ^� ' Secmto inztead of'ltie�nunthly�nun�uge imuruncc premium: "°�"-:W.,
<br /> ' . �Q 1�,to uny tuxes, ,peciul as.e+,ments.Irakh��IJ puyments or gruund rent�.and tire,ticxxl tu�d uther hnzzfrd ,�. ,�.��'
<br /> _ _ _ insurance premium�,a,rcymrcd: ��" . `��k
<br /> THIRp,to interest dur under Ihe Note: ��,
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<br /> •�OURTH.to anani�u�ion ol'the pnncipal of thc Notc: �...
<br /> ' ' �,to lutc churgc+due undcr thc Notc.
<br /> 4. Nire.�load and Qther Hazard Insurunce. Born�wcr shall in�ure:+II impruvement.un�he F'roperty.whcthrr nou � T?
<br /> • in existence ur�ubseyuenUy �rected,aEaim�any ha�ard.,ca.ualtir+, unJ continErncie�,including �re,li�r which I.enJrr ;:��
<br /> ' rryui�ti insur:uicc. "1'his in+uruncc�hull I,�maintaincd in thr amount+anJ tirc�hc�xriod. thul L�nder nyuireti. Burtowcr
<br /> � shall ulso insure ull improvcmem��m the F'ropeny,wtx�ther nuw in cxi�tenc�or�uB�ryucntly rmrtcd,ugainst loti+by Q�xxls r `'�"Y
<br /> �� [o the extent reyuiR d by th�Secret•rry. All in+urunrr�hall Ixx carried with cumpunir.appraved hy Lrnder. The insur•rnrr � ' '
<br /> policies su�d �ny rrnewul+�hall be h�IJ by l.rnJer and .hull include I�is. pa)•able rtauac� in fuvor ot, anJ in a tbrn� � -
<br /> ucceptablc to.Lcixk:r. . � ��.�
<br /> In thr cvem of lo...Burrowcr rhall �ivr I.cndrr immrdiale natice np mail. Lender may muke pr�mf uf lo�ti if not 'T��_
<br /> mude promptly hy F3arrowcr. E:ich intiurancr rumpany roncrmcd iti hrr�b�•au�horiird and dircc�cd �o makc �•rym�nt for °
<br /> . such lo�r directly to Lendcr,imtci�d of ta kiurrowcr:md lo Lrndrr juinUy. AU��r an��pan�,f thc irnur:mcc pnkccJs may Fx „
<br /> upplied by Lender,:it its upti�m,eithcr lul a�ihr rcJuctiun��t'Ihr indehtednc++unJrr the Nc,�c anJ ihi,Scrunry Inxtrumrnt. �'
<br /> � first to any delinyuent amnunl. upplicJ in thc urder in Paragruph �. ;md �hcn lo pnpaymem af principaL��r Ibl to th� • ' ���-
<br /> .. n�storution or repair of thc Ju�nuErd pru�rt�•. Any upplicati�►n uf the pr�xrcJ,to dn prinripal,hall n�it extcnd or postpone ' `
<br /> �� �' the due dute of thc rmmthly payment� wh�ch•rrc relrrrrJ ai in F';ira�ruph?.��r change tfx umouni ut'�urh p•ryrnem�. Any .
<br /> exces�insursmce�xcxeed�nvrr an amount rcyuired �o puy ull out,ti�nJin� indeMrdnr,�und�r Ihe Nait und thic Sc�unty � �
<br /> , Instrument shall lx�aiJ tnih�cntily I�gally rmiticJ tfxrrlu. ,'
<br /> In the evcnl uf�tonxlotiurc of this ticrurity In�lrumem or othcr tran.f�r��(iid�u��hr PraprA� Ihut ratingui.he. �F�r ,.
<br /> ., .. . indchteJnes�.aU rigtx,tidc and nucrc.rt ut f3urraw�rr in;md a�in.ur.mr�pulirie,►n li�r�•r�hall pa,.�o the purchu�rr. • '
<br /> 5. Occupanc,r, Preservution, Mointenanr� und Protec�fon oP the 1'roperl��; Rorrow•er'� Loan Appliratfon; �•�==�='��'
<br /> Leaseholds. Borrower tihall ixcupy. cti�ublitih. ;uxl u,e Ihr Pru�x•rty u. Hum»�rr. r�����al rr,idence wilhin sixty Jay. '".�''�'-
<br /> ufler the execution��f thi,Security Im�rument and,huU cuntinue la orrup� Ihr Pm�xm�a�liurru��rr',principal rr�idenr� •
<br /> .. for at leust one yeur ufter thc alu�r of�Krupancy.unlr.,lhe 5ccre�:in drt�mtinc�thi,reqwrrment«•ill cau+�unJue h:uJtihip
<br /> ,� ; . " for Borrowcr. ur unles� cxtenusuinE rinuni,�ancc. cxi.i which air� herund H�,rrm�er'. rnntr��l. Burrawrr ,hall notify �
<br /> � l.cnden ot'uny cxtenuatinK circum+�anrc,. Hortower�h:dl n��t r�,mmit wa,i. �,r Jr.in,�. dam��c ur.ubti�antially rhangr
<br /> the Propeny or alkiw Ihe Ro�xtty In Jcleriurutc.r¢atiunahlr acur and Icar rrr���IrJ. Lenitrr m.�y m.�xrt Ihe f'ro�xrly il'Ihr
<br /> Property iti vucanl ur ahanJnncJ��r Ihr lu:m i.in Jrlauli. Lcndcr roa� I:�I.r rc:�um.�hlr:wti�m ta pn,trr�and pr�.crvc.urh
<br /> vacant or abandoncd F'iropcn�•. liurrowrr�h:dl al.0 Ix in d�t:iuh if�Hurrm�rc dunnc Ih.l��un appliratiun pr�xc,..�.avc
<br /> materiully fal+e ur irr�ccurute infami:�iiun ur ��:nrmrnh t�, L�ndrr �ur I:ulyd tu rrn�iJc LcnJcr u•ith un}• m.�t�nal
<br /> � inf�mna�innl in ronnertion wiih �hr luau rviJrnreJ hy Ihr Nutr, inrluJin�.hut nut hnuicJ tu. rrprc.ematiroi.ronremin�: .
<br /> Borrowcr��xcupanc�•ul ih� 1'ru�xny a.:�prinripal r..iJcnr�. II ihi,tircur�t� In.trum.m i,un a I�a��hol�i.H��RU��rr.hall
<br /> rumply with thr prc�vi�ium i►t'�hc Ica,r. It'Horruwrr ar��uirc.frr titlr lu Ihr I'n,pen).Ihe k:�,rhuld and t�c litle.hall nut
<br /> 1�mcr�cd unlc,+L�ndcr aErcc�to�hr mrr�rr m��riun�.
<br /> ' • 6. CharQe+t��Norruwor and 1'rot�tition uf Lcndcr'+Ri�;hls in Ihc Propert}. IiuRU�«r�hall p�+ all���ermmrntal
<br /> ... ur municipal churge,,finc�anJ im�„i�iun,�hat am nut inrluJrd�n I':�ra�:raph �. li�,rnx.��r.h;ill pa� thr.r uhh�:auun.on
<br /> ' � time direcdy lo the entit)�«hi�lt i,�����J Ihe ��a�ment. It tailurr t�, ��:i� ��uul�l :�ih��r,�I� :dfrct Lr�xkr'.inleR.l ro thr
<br /> . . _ I Prop�:rty.up�m Lender',rcyuc.i Kurtu��er.hall�aumpll� (imu.h t„Lrnder re.eipt.r�idrncing thc�c�r,��mem..
<br /> If Bom�wrr tad, 1��mul�c thr,r pa�mriu. ��r Ihr pa}nirnl. rcquircJ h� Par:iprap6 �.ur t'ad. to�nrG�rnt any uthrr
<br /> covenants unJ aem�mi:nt,c��nlamrd m�hi.tirrurn� In�IrumrnL��r ihrrc i.a Ir�::il pr�w•rc�linp Iha1 ma���Eni6ranllv:dtcrl .
<br /> . . Lcnderti righh in Ihc Pm�rt� Iwrli a..� pnx�rrJinE m h:ml�ruplc�. t��r.i�nJrmu:ivan ur m rnturcc I.i��.ur nFuluuun.►.
<br /> then LenJrr mc�y J��anJ pa� ��hatevrr i.nerr�.ar� a�prulrrt�hr�aluc ul thr I'�u�xrt� .mJ I.rnder'� riFh1.m thc 1'ra�kn�.
<br /> includin�paymcnl uf taYC,.haiard inwranrr:m�l alher nrm.mrnu�mr.l m 1':ir.i�:r:iph�.
<br /> Anv umowih�li�bunrd h� L�nd�r unJrr ihr 1':�r:�Lr.�ph .h.dl F+rr��uir .�u .iJdniunul�1cM�,I It�mu���r,m�f hc .crurcd
<br /> by thi.Secun�y Imtrumrnt. Thr.r:un�,um.,h:�l�hr:r m�rrc.t trum thc Jatc„(di�hur,cmcnt. :u thr �ntv ratr.a��J a� thr
<br /> optiun uf l.cadrr..hall tx imtncJialil� dur anJ�►a�:iMr
<br /> 7. l:nndemnatlon. Ih�pnxr�d,ol un� a��ard��r rlaun tur�I.m�acr..durri��r,un.�yarnnai.in.unncciwn��nli:m�
<br /> condemn•r�ion ur uthcr tul�m�!ul um�pun ut ihr 1'ru�x•m.ur lur rnmr�.mrr m pl:i.r��t runJrmnauun.,un c�rrh� .�..i�nrd
<br /> anJ,hall tk paiJ w Lrnder t�,thr r�trm uf thc tull am��w�1�,1 Ihr mdrlacdnr•.tlru�emcun,unp:ud unJrr thc Nul�.md thi.
<br /> Seruri�y In�trument. LrnJ�r .hull appl�,urli pnn�crJ.lu Ihr rrdurlwn��I iNr indrMrJnr•.unJ�r ihr Nnic .wd thi.1��.uni�
<br /> Imtrument, tir.t to am• Jcl�nyucn� am��un�. .ipphcJ m thr ��rdcr pru�idrJ ui P.�r:i�:r:iph i. .ind thrn t., pirpa�m.�m „1
<br /> pnncipul. Am• appli�ution a�t thr pr�xrrd� lo Ih� �mnc�p:il ,h;�ll n��t r�tend �,r �,o.q�,nr tlir ,lur d,ilr ��I Ihr ma�Ud�
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