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<br /> �.. �� �r,� :. 1. Pwymeat of Princip�l.ln1erest and I.ote ChArRe. Korruu-cr�hall p•ry whcn Juc Ilk pnuripul uf,un�l iMcresl un,
<br /> ?-�L����•_� the debt evidenced by the Nute and laic churgc��duc undcr thc Nutc.
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<br /> ����=���' , 2. Monthly pAymentr nf Taxes,lnsuraace and 1)Iher('bpry�es. Bnrruwcr tihall incluJc iu cuch mumhly puymenb
<br /> _�•' �,�,;,;;,.,;��,;.,`�._%_:� logct4er wfth the pdncipal und intere�i uti,et fanh in Ihc Nnlc und uny I�tc char�CCti. un intiwllmrnt ��f uny lu)luzex And r
<br /> • s'>}"':._y�-;..:'. special asscssments levied or ta be Icvicd ags�inrt ihc 1'rapeny,lhl lc�.ehold p•rymem�ar gruunJ rcni�un�he Pnqwny.wul
<br /> ';w,ti,:tiy:. ,�. :, Ic)premfumti far insurance reyuircd by P,uugruph�3. ---
<br /> °,.,*,�.r�`�3,' �:,�' Each monlhly installment for items(u1.Ib)ancl(cl �hull cyuul unc-twclfth uf Ihe unnuul um�wn��.,ux rca+umubly
<br /> ,_',,. , . . ,,„ e�iimated by l.cnder. pluti un amuum su(flcient to muinluin un uJJi�icmal balance of n�N mam �hun c�te•�ix�h of Ihc
<br /> .. . - - estimated umountx. The full unnuul amount inr carh itcm �hull Ix �iccwnulu►rJ ny I.�nd�•r wilhio a prri��l ciuling onc �-- -------__--
<br /> ,:�.��C�.:'-a:�:, .-..,�: month before an item wuuld become delinqucnl. [.ender 4hu11 hald the amountg cull�cted in mu►t�o pay item�tal,lb)wid
<br /> � '�', (c1 before Ihey become delinquent.
<br /> • - If at any �ime�he taal of the puymentti held by Lcnder far i�cm. (al. Ibl and Ic1.tagcthcr wiih the fuwre monthly —
<br /> � payments for such ilems payuble to Lender prior io �he due dutes ofi+uch i�em�,exceedx by murc thun une•.r•ixth the
<br />��, eslimuted amoum of pnyments reyuimd to pay such items wlx:n due,and if paymems on the Note are currcnl,then l.ender
<br />+...� _ _,. . shall either refund the excess ovrr o�•+ixth af�he estimuted paymen�ti orcredn thc cxcc�+over onc-sixth uf thc e�timated
<br />:`.r• � � payments to su6sequent puymcnt+by Borcowcr,ut thr uption ut'Burrower. lf the wta!ui'�he payments made by Nom�wer
<br />�:' '1,,�. �. for item(a).(b),or(c)iti insufficien�ta pay thc item when dur,then Borrower.hal l pay to Lender any amount necesxury w
<br /> • • , . � • maka up�he deficieney on or before the dme�he item becometi due. —
<br /> Ati used in�his Securiry Instn�ment."Secrctury"rneuns the 5ecrelary uf Hausing und Urban DevelopmrN or hix ar her -
<br /> � ' designee. In uny year in which the Lender mu��puy u mortga�e intiur.�nce p�cmium w the Secretury,euch monthly payment
<br />; :;, , shall ulso include either. (i1 un ins�ollment of the unnual mongoge in.ur:uicc pmmium to lx puid by Lender to the
<br /> , � < Secretary, or (ii)u monthly chnrgc inxteud i�f u murtguge inwrnnce premium if this Security Inslrument iw held by the
<br /> ' • � � •� Secretnry. Lach mcxnhly installment of the mortguge insurance premium shull bc in:u�umount sufficient to a�cumulute the _
<br /> „� �.—_
<br /> r '•' - ,u- -r „ full annual mortgage insumnce prcmium with Lender one month priar to the dute �he full imnusd mnngugc inxurance �:__,_ -_ _. _
<br /> • ,. , premium i5 due ta ihe Secretary:or if this Se�urily In�trument is hcld b� the Secretary,euch monthly ch:uge xhall be in an +•
<br /> . • umount equal to onedwelfth of ane-h�lf pereent of�he outstunding principal balance due on Ihe Nrnc. -_�!� "
<br /> If Borrower tenden to Lender the full puymenl of ull sums secured by thi+ Security In+trumcnt.Borro�vrri�ccuunt --
<br /> "� ',. . shall be credited with the balance remaining f�r ull instullment+ fur itc:m. (a), (b1 und lc) und uny morlga�e insurance g'
<br /> ' � " . premium installmem that Lender hah not become obliguted to pay to the Secretary.and l.ender shall promp�ly refund an� ,.____-�_-•
<br /> excess funds to Borrower. Immedia�cly priar�o a foreclosure sule of the Propeny ar it+ucyuisi�ion by Lender, Borrowers =_
<br /> � � � account shall be credited wi�h any balunce rcmuining for ull instullments far items lu),(bl and Ic►. —'--
<br /> . _, 3. Ap�licwtion of PAyments. All paym�nts under Paragrnphs I:u�d?shall be upplied by Lender as folbwz: —� "�.
<br /> FIRST 10 ihe monguge insurance prcmium to ix: puid by Lender to the Secretury or to the monthly churge by the �''��rr
<br /> o ' � ' Secretary instead of�he monthly monguge insuru�ce prcmium; ��"��-�?
<br /> SECOND,to any tuxes,special ustie�xments,lew:chold paymenl�ar grou�d rents,und fire,flood und othcr huzard
<br /> e.... �'_'--.,,;'.
<br /> . , insurance prerniums,us rcquired;
<br /> __ = THIRD,to interest due under thc Nae: _
<br /> . T FOURTH,to wnorti�n�ion of�hc principul of the Note; -
<br /> �,[o lote ch:uges due unJer the Notc. C!�.'�"-_�.":_
<br /> 4. Fire.F7oodand Qther Hazard Insurunce. Borrowcr�hall in+urt all impruvemen�s nn the Pmperty,whether now ,��;,;�--
<br /> � . � in exixtence or sub.sequently erected,aFAintit any huzard+,ca,uultie.,und contingencies,includin�fire, for which Lrndcr ��-�-�
<br /> � ' requines insurAnce. Thig inkurance xhnll lx maintuinrd in thr unx�ums anJ for tl� periadx thal L.enJer myuircti. BuROwer ,�« -��
<br /> shall ulso insure ull improvcmenls un thc Propeny,whcihcr nuw in cxir�tence ur subseyuendy crccted,ugoinst lo�r by flucdr � ��'��i'..•._ _
<br /> : to the catent required by the Secrctary. All in.uruncr tihall lx�rarrieJ wilh�umpunien upproveJ hy Lcnder. The inxuriu�ra f"-:
<br /> ' policies and uny renewuls.r•hall t�e held by Lrndcr unJ shull incluJU Inss payubl� cluurx:, in fuvnr of, und in u form . ;,;�:�a._- •
<br /> ncceptu6l�to.Lender.
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<br /> In the event cif losx,Borrower,hall giv� Lenik r immadiulc notic�hy mail. Lrnder muy m•rke pnwf of losr if nat �• � .- __
<br /> � made promptly by Borrower. Earh inwrunce company concemed i.hcrebv amhc>ri�eJ und directeJ to make payment for `�r.;1'�'..=_: '
<br /> ' such loss directly to Lender,inxtcud af to Bi►rrower and to Lender joind�•. AU ur an�•p:�n of the in.ur:mca pmr,ced+mu}�txr -. -
<br /> applled by Lender,ut its op�ion,ci�her(ul to thc nducti��n uf Ihc indchtrdne„unJcr thc Notc and this Secunly Instn�mrn4 �� =
<br /> � first ta uny delinyuent umounts applicd in the ordcr in Purugreph a. und thrn ti� prcpaymem of priix:ipul,or�bl �u �he • �-`L_;
<br /> restorution or repuir of thc dumugcd pro�eAy. Any uppliriuion ot thc pr�xecd�to the principal.hull not extcnd ur postpcxie � -_
<br /> . the due Ju�e of thc monthly puymen�+whrch urc referrcd to in PuraFraph?,nr chanEc thr amount c�f�urh payment�. Any .,- -
<br /> • � excesz insurunce pmceeds over un amoum reyuirrd to pay all out.�undi ng indebtednar.undUr the Not�unJ thi�Srcuriry '�"'" ' "';c�-;:. _
<br /> ';:� .,' Instrument shull he puiJ�n thc entit�Icgally cntiUcd thcrcto. ;:.;�.'i+F
<br /> • � '1';i'"� In the event of forcclo�ure ot thi. Security In�trument or nther irunhfer ul'�idr to Ihe Pr�crty thul rx�ingui.hcs the ,_.tw:,.�',='Y'
<br /> . indebtcdness,uU right,titlr und interc+t uf Burru���er in und to in.uranrc palicic�m ti�rcr.hall pa..ta thc purrhuxr. �'''�:.`�" �
<br /> 5. O��cupancv. Pnyervalion. Malntenance and P�otection of the Prupert��; Borrower's Loan Applicatiun: ,.S,R,,�H___
<br /> ' I.easeholds. Borrower shull occupy,r.��bli,h. :uid u+e Ih� PruExny a.Runowrrti prinripal rc+idencr within �ix1y Juy� � �. -_ .
<br /> ' ' nfter the execwion of thiti Seruriry In.trument:�nd+hall rnntinuc tu cxcupy tlx I'ru�rty a+Rurruwer;prinripul rc.idencr �--,"• �--
<br /> for at Ieast one yeuruftcr thc dme of�xrupuncy,unks,thc 5ccr�lary Jrtcm�ine+lhi,r�yuircmenl will rau��unJuc hurd�hip ' "`
<br /> For Borrower. or unlr�s cxtenuutinF rircurri.iunce, �xi.t a�hich arc h�wnJ Hurrua�r', run�rul. R„rrourr shall notilj• . .
<br /> Lenden of uny extenuuting cirrum�tancrs. Burrower xhull nut rummit u•a�tr ur dr+lrc»•.Jama�:r ur .uh,t:uihully chnnge •
<br /> .. the Propeny ar ulluw the RoFxxny tu detcriorate,rcaumahlc wrar and I�u r�x�e�tcd. LrnJrr may m.Fx:rt Ihe Prci�xrty if the
<br /> ' , F'ropeAy is vurant or ubundaned ur�hc loun iti in Jcl:�ult. LrnJrr mu� �:�lr rra,unahlr ar�ion lu prutrrt and prrurve.urh
<br /> � ' vurant or abundoned Property. B��rtuwrr�hall al+u Fx in Jrt'ault if H�•rr����cr.dormg Ihr luan :�r�i��:,u�,n rT�x��...�:���
<br /> � materially fc�l�e or inucrurute inii�rnwli�a� ��r .la�ernent. �o Lcndcr (��r t:uled w pnwidr l.end�r �vuh •rn� matcrial ,
<br /> • �. informulionl in conneclion wilh thc luan cvidcncrd h�•ihr Nulc. inrludin�:. hui n�,�Iimii�J tu.rcpm,entation. runrrminK
<br /> � Bortower's ucwpuney of the Pro�ny a,•r prinripul rc�idencc. If thi.tiecurit� In.trumrnt i.�m u Iea.chuld.Rurruwrr.hull •
<br /> romply with tlx provi.ic,n+uf ihr Ira.r. If Rarruwcr arywrc. Irc iiil��u�hr Ih��rrn�.ihc kuuholJ and fcc�iNc,hall nol
<br /> � be merged unle+s Lcndcr ugn:c,���Ihc mrr�rr in u•rning.
<br /> ' , 6. Charp�es to linrrvnver and 1'rotection of Lender'c Ri�hts in th�Pruperl�. Hurra��cr.h:dl pay all�.uvcmmrnml
<br /> ' � ��r municipul char�tc.. finu.and�mpu*itiun� th;u are nul includud m Par.i�r:�ph'. Nurro��er.haU pay�h�.e ohligau��m nn
<br /> . . timc dircctly co thc cnti�y N•hirh i+u���c�J thr payment. II t:�ilm•� �u p:�} ��uulJ .id��cnrl� :dlrct l.rnJ�r'�intrrc,t in thc
<br /> ?;•�;;�, Property,upun l..rnder'+reyue,t liurrowrr,hall prtmiptl} I'urni.h w l.�n�ler recript,r��idrnring thr�r paymrnl,.
<br /> ,�,,,, If Borrower I�nilr.In makr �hr+r pa��mcnt.��r Ihc paym�m� my�nr�d h� Para�raph '_'. ur I;ul� ta {krt��mi am• utli�r
<br /> covcnunts and u�:rccments runUiin�d in thiv Srcunh ln�tnmirnL��r ih.rr i.a I��;ul pr�x•rrdin�!ihat ma► .i�:niti�:m�ly ut�lcct
<br /> ._:•�,�.� Lender'x riehls in the Proncrt�•�.uch a�a nrcx�Ydinst in hanl.runtc��.lur rundemn:di��n ur tu enti�rre law.�,r rcguL•�uan.l.
<br /> -. ---- �hen l.ender muy do unJ puy whatrv�r i�iirrc�.an ti•pmlrr�1hr�cilur�,f�hr 14���xm .uiJ Lrnder:n�;ht�m tl�e 1'm�ny.
<br /> ... • including payment nf taxeti.hai�rd in.uranrr :u�J ulhrr nrm,menuunrJ in Par:�Eraph�.
<br /> Any umountti Ji�bur,cd h� LcnJcr uudrr�hi.Pura�!r.iph ,hall Ixrumr an ad�liUun:d JrM„t Iturr„�arr;md t+c .rrured
<br /> • by this Security Intitrum�m. 'I'hr�r amuun�, .hall Ixar intem�t Innn Ih�datr ut d�.huncmrnt.:it�hr Nutr ralr.and at thr
<br />� nptiun af Lendcr, ti6al)Ix imnrcd�c�trl� duc:��iJ pa}•;�hlr
<br /> 7. Condemnetic►n. Thr pnxrrd,uf uny u�ti:ml ur rlairo lur Jama�:c�.dincl ur r�m,ryuenUal.m ranncrtiun�.i�h:m�
<br />' r�mJrmnation or uihrr tuhin�af um pan af ttk F'n��x n��.or lur rumc�aur� in pLi.r.,I rundrmn:�u�,n.am hcrrh�u.,i�:nrd
<br /> . uud�iiuil lx paid lu l.�ndct w�h<<t�ent ui�i�r iuii;u�iuun�ui d�� i���.i���d�t...���.::�:cti�.�m,:.��p��J uudci �li�tiu�c.w�i du,
<br /> Security In.trumrnt. LenJer.hull upply wrh p��xerd.t„du Rdu��uun�•1�hr mdrhicdnr.�unJrr Ilir N��tr:md thi.ticrun��
<br /> Instrumenl. finl tu uny dclinyurnt nnwunt� apphcd m thc ��rdrr pru� idrd m 1'.u:��:�:�ph ;. and thrn i�, prrpa�nirnt ot
<br /> . , principul. Any appliruti��n ��I thr pr�xccJ� i�� Ihc prinripal .hall nut cxirnJ ur �x�.t�umr tl�r Jur Ja�r ��f thr �nunthl�
<br /> � ��h7\�':��f J(��l�f�l
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