|
..z��� .._�. - _ _ �.:.` . i � -. � ' ' - . -� c _. . .=r-,'.'.P�
<br /> � �,. < r'i �" . ,�..� _ . � . _ _{ -__-
<br /> � . �.�- ..: � . � .- . ' ' c. � . • � • r .
<br /> .. _. . . -i � �j ' � � r _ . , - - . . , .. . . . . - . ;
<br /> - ._'�L-�-_-�,� . . . . ..
<br /> - ' . _. , . - ` , .._ '.'_". _—_._. .___. � , . . .��_���-iV�'`. _ _." ". .
<br /> - �L !l�amt�f ltYei�1,I�lei+nt a�!LMe E.'l�rR� Bm�wa ah�ll P�Y wbea tlae tbe ptincipd af.add in�t oo. � .
<br /> Itie debt�idt�oed bSt tbc No�e aod We ct�esdaeaoder the riale. . - � _ ,
<br /> 2. bN�lUi!�y�eMa��73iqief.bwra�oaa�i Utl�er CMa�es► Ba�wer slwll include ie acb mond�iy paYmen�: ,
<br /> ^� tosetM�,wicb tba piacipt aod in�eeest as setfaah in�c Notcaodary t���e ct�nges.�n i�aWneat of any(s?tua aad.
<br /> ` apaci�i�kvied ai tQ 6c ieviod a�tbc pt�npaty.@)ic�old PaYmeus a�o�ud�s oa tke PmpertY•�id
<br /> (c)prea�woas fos insw�x�quiced b]►F�s�rsph4•
<br /> . F.acb moa�hly ins�llmeot foc i�ems fs�.N}and(c)sbali apal'aao-twelN�nf dx�naal•amo�n�ts>� �e�a�61Y
<br /> - ' : �at�MOd b9►.�.-P���oimt �cient,t4 muntaia a►ad�donal b�l�nce oE na m�xe thm aoa�sudh of tix � -
<br /> e.�itmeod aaomfs. 7be full�nwi�mt far each ifem si�U be acc�utated by Ix��er w►dLa s Peciod erd��
<br /> aio�le`be[o�c aa item�rwtd became delioq�etK. i�ender s6alt bold tde�coUected in wst to p�y items{�),(b?aod
<br /> , (c)befae thel►6�ec�me detu�qaent. nvith tLe fut�e moodily
<br /> . If st+my time t6�total of t6e 6eld by�.e�ider fvr items(�).(b)aad(cy,"r�getLer.
<br /> . paymmes far sosfi�ems pa�yabie w�.eeder priar to tbe dae�dapes o€such items,�the l�Tot�e eucrent, i.e�da
<br /> ap�ed amoant ot Prymaus ceqwt�ed w PRY such�urt�c wben doe,aad if paynkn
<br /> sball eitAer iefued the e�ast ovtc a�e-sixtb of the estiu�atad pYa�ents or ciedit the excrss ova one-s�th uf tbe e�od
<br /> paymem m�P�Y�bY Boriawet at the aptian of Boaower. If tbe total of tbe gsyma�ts made by Liairower
<br /> '�or it�(a),(b),a(c3 is i�ieat to I�sY the itan wheu due,d�en Banower sl�ll pay to I.ender a�r antau�x t�ec�wry to
<br /> � malo�ajr the deficieacY ort oc befae tbe�te tha ite�6ccomes due:
<br /> � As i�aod ia d�is Secar��.i�uument,"Sccrct�r�'°aku�s the Sec�Y of Housin8 aod Urb�n Devdopmait ar Ais or Ger
<br /> - aes,�oe.ra�y y��►��tea�;m�.0�y amongase�nsu���m w u�a s�r�y,ac6 montWy payment
<br /> sh�ll aiso include ei"tba:`.�'an instalL�nent of the aru��m�a8+�� I��mn to be paid by Lcnder m We
<br /> Secnta[y,ar(ii)a mon�F�arge inst�ad of a moitgage ins�uance p�emiwn if this Secarity Tnstrumeat�s held by tl�e
<br /> - r ' Secretary. Each�nor�i�a�t of We mortgage•insa�e pnemiam shaU be i�t an a�namt s�icient to accwywlate tLe
<br /> fa�l,ann�at mortg�8� i�P�'��with I.ender arie maath prior ta tbe,�dre full umiaal ia�ae
<br /> _ ' p�m is c�ue to the Sec��;or sf this Sautiry Inst�mmeat is held h�r the Secre�cY.each_monthiy el�arge
<br /> s be in an
<br /> s�as�e4u�l,tc!ane-tweLts6 afaoe-l�iE�.acent of the outstanding Prins!Pal b�lance due on t6e Note.
<br /> - If Bm�a'teaders'oa�.:edder t3�e fyIt PaYmrnt of aU sums soc�ed by tbis S��tY Ia�mei��,Bamwer's accounE"
<br />- - � shaU be i�ed�d with 16e�aLat�ee raaaicin8 far all uistalitnents fz���icros(a),(b) and(c)a�d any mortBaBe ins�uance .
<br />_ p�eanium i�sstsllment tlru is�cies 1`ias not becane obli�ued to pay co t�c SecnesarY,and Ixndec sball promP�Y n��3' "
<br /> �c�s fu�w gortower. �unMiatety prior to a forxlos�m sale of tIx Aoperty or itv acquisitian by Lender,Borrower'�
<br /> = acco�t shadi be e�ed�te��llr any 6dance temaining fa att installments for items(al:(bk and(c)• .. ,. .
<br /> 3. Ap�UcaHaws otAnymenfa. All payuients wfder Paragraphs l aad 2 shall6e apQlied by t.ender as follows:
<br /> �m the moitgage insurance prcm.tum to be paid by Lender to ti�e S�or to the snonthly charge by the
<br /> ' Secrttuy instead of tAe monthly mortgage insurance ptem4um; - ce�ts,and f re.�load and ather hazard
<br /> �;Q,to any tauea.special as�essments.teasehold paymeats ar,ground
<br /> � insutat�ceP�emium�as�q uin�
<br /> , ��Q,to mteiest due uader the Note; t �
<br /> �j,w amo�tizatiun of the prmeipal of the Note:.
<br /> ,. �{,os tate charges due w�der tbe Note. ' ,whether now
<br /> 4,Fir+�F'INd�ad Otber Hs�zard I�suraaca Bomawer shall imvte all improvements on the PrupercY
<br /> � in exisunce ar uently erected.aSainst any hazards.casualties._�d contingene�es,ine[uding fue,for ahich Lender.
<br /> �� s�oquires insurance�is insuzance shall be maintainec!in the amounts and for the periods that l.ender requues. Barower _�_�_
<br /> �{������pro�ements on the Property.whether now in existence or subsequently erected.agnins�loss by 800ds
<br /> to thc extent teyuired by tiie Secretary. AII insurance shap be carried with companies approved by Lender. The insurance �;;�;;%
<br /> . ;;' polictes and any renewals shall be held by Lender and shall incl�de toss payable clauses in favor of. and in a farm �����•,-.-
<br /> acceptable to,Lender. —'''°�"°
<br /> In the evet�t of loss.Borrower shall give l.ender immediate nouce by mail. I.ender may make proof of loss if na � '
<br /> .. � made promptly by Borrower. Each inswance company concemed"u hereby authoriud and ditecced to make paymeat for '...��.-.'--__
<br /> - such toss dircctly to Lcnder,inssead of to Bortower and to l.ender jaintty. All or any part of the insurance proceeds maY be :. -,,;,..-
<br /> - app liod by Lender.at its option.either(a)ta the reduction of the inde6tedness under the Note and this Security Insuamenb �:�+,��--'
<br /> first w any delinquent amounts applied in the ardet ia FtuagraPb 3.and then to prepaymene of principal.or(b)to the :`�;,��•_::�_
<br /> tu
<br /> � - restoradon or repair of the damaged property. Any application of the praceeds to the Dnncipal shall not extand or postpone
<br /> the due date of the monthly paymenu whach are referred to in Paragraph 2.or change the amount of such payments. Any
<br /> �. exass insurance proceeds over an amaunt required to pay all outstanding mdebtedness under the Note and this Security � �
<br /> ' Inattument shall be paid to the entity fegaliy entitled thercta. �,,-,�.. �---;
<br /> ; � In the event of fareclasure of this Security Instrument or ather transfer of eitEe to ihe Araperty that extinguishes the
<br /> . '�:. � ;rtdebtedness.all righti Ntle and interest of Boaower in aad to insurance palicies in force tihall pass to ttie purchaser. �`';,.'.• .._•;;;-
<br /> � S. Occupancy, Preservatlan, Maintenance and Prateclion ot the Praperty; Borrower's lAan Appliaition: �.� :;_�.:
<br /> � �, LeaeelqW,�. Horrower shall accupy.establish,and use the Propercy as Borcoa•ers principal residence within sixty day9 � �
<br /> :# after the execution af this Secur�ty lnstrument and shall continue to occupy the?raperty�.s Borrowe*y principal residence _
<br /> ior at least one year after the date of accupancy,unEess the 5ecretary detetmtne�tt�is requirement will cause undae hardship ''
<br /> �' far Borrower. ar unlec.c extenuating circuiristances�xtst which are beyond Borre�sver� control. Horrower sfiall notify �"�' :
<br /> � f Lenders of any extenuadng circumstances. Horrower sfiall not commit.ws�cte or destroy.d�mase or substantially change :'�:' .�
<br /> the Property e'•'aftow the Property to deteriorate,teavans►61e wear and tear excepted, l.ender may inspect the Prdperty if the � .. .
<br /> ' .; ,.`;.:;;:.�.. ptoporty is v�saztt or abandoned or the lean is in default. Lender rnay.takc rea�;onablc action to protect and preservc such
<br /> '-- -A�� - vaeant or�6�ndoned Property. Barra�Pr.shafl s+tso be in default if Borrower.during the loan applicatian ptoees.c,gave �-
<br /> �r ' materiaRy false or inaccurate infcsr�ceacian or statemems w Lender lat faiicd to pravide Lender with any matenal � ; :
<br /> • 4 ';�-s,• ' s.�aformation)in connectia.e wiLh the taan evidcnced by the Note.including.but nat lim�ted to.representations conceming �� _.
<br /> ' =:.�;,�� Boirower's accupancy of ti�e Property as a princlpal tesidence. If this Secunty lnstrument is on a leatiehold.Borrower shall ;,,: •:,
<br /> t comply w-it�t?�e provisior.s of tfte teasc:. 1F Batrnwe�Acquires fce titIc tu the Praperty,ihc le��chold su�d fee ti11e shall not
<br /> . _ ,:��e� be metged ac:ess Lcnder agrees to t��c:::rger in writing. ,',:�
<br /> ._�:'� 6. C1�es to Borrmwer attd Pt�otection ut Leede�'g Rig,hts�n the P�ope�ty. Bonawer.rhall pay ali gavernmental
<br /> ` ��-'': or municipal chatges.fin:s and impawitiony that rare not includcd�n P�n�grap h 2. Bvrcuwer s h a l l pay t hese o b l�g a t ions on f�'
<br /> . •��;,�.,; :t •
<br /> .,.�_:, :_•. ._ t i m e d l r e c t l y to the enti�y+which ic owcd thc p ayment. It'faiture to pay would advetsely aifect Lender's• intetest in the
<br /> �-:�.�' ' : . Propetty.upon Lender§request 8nnower chall prompdy fumish tv l.rnder receipts evi dencmg t hcsc payments.
<br /> �jr�. .T'_,e.:,�_;T�' 1f Borrawcr fails to make thesc p�yrnents ar�he payments myuircd by i'.uugruph 2.nr L►ils ta pert'orm any other
<br /> _..`i.��-w�'_4°�:.. eovenants and agreements contsw�cd in this Security lnstrument.or thete is�Iegsil proceerling that may signifiaantly uffect � .
<br /> ee 1
<br /> -- . - :°''T�.i-�"��'. L,endet's rlghts in ttte PropeAy(such:�s a prareeding in bankruptcy.fnr condcmnat�un or tn�nf�rce taws nr regulauonsr. �
<br /> . �.,- �� -�..�. .
<br /> - ttten l.ender may do and p�y whatever is nece�.sary ta protect the v;ilue of'the Property and i.rn�ter�ri�l�ts in the Property. �
<br /> � ' ' tnciuding payr�tenl af taxes.hazard insurartre and uthcr items meniiuned in Paragraph 2. - ` . ,
<br /> • �� � " ' ' My sunounts disbursed by Lender urtder this Purugtuph�hall t+cramc:u�udditwn�l�icb�uf Bortower:u�d be secnred ;
<br /> � - _�• �-. by this 5ecurity ingtrumem. These mnounts sh;di be�u interetit from thc datc of dis6unrment.nt the Nate rxte.and ae thr i .
<br /> � ' ;x op�lon of Lender,sh�1t be immediatety due and payable. ;
<br /> - � . '7. C�adlmn�tiue. 'Che pra�eeds oP:u�y award ur ctaim for damagcs.�lirert e�r conscyucnti�il.in connectian with:ury ;
<br /> condemnation.or other t�tcing uf:u�y p:ut of the Propetty,or fnr conveyance in plarr of cundemnation.:ue MerebY ascigned 'i
<br /> , - : nnd shal!be pa�d to Lendcr to the eztenf of the full:tmount of the Indebtcdnes�thal rem:�ns unpaid under the Note�utd this !
<br /> _ ___ _--_— . ���}� Lender sttal!.�pply.such prn�e,eds m fhe reductian of tttc in�icbte�es.a under the Notc:�nci ttus Secutity ;_ M __
<br /> ce�
<br /> ' � • lnstrumen�first to any delinyuent sunnunts appiied in the order provided in Raragr.�ph �. and fhen tn pte �ytstent �f �,
<br /> , • � . • principal. My application di the�praceeds to the principal sh711 nut cxtenJ�r pnstponc the duc date nf�e�monthly � .
<br /> ;
<br /> . .. � (
<br /> ' �� _ �. '. . � t, �.' -.. ._ . .y. . . _ . ... . - .
<br /> � _ ... r�xP.�,jQpuXe�i _ _ s .
<br /> , _ }' � . , �
<br /> . :' — -
<br />
|