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<br /> y pa��at�t Plti�clMl.lNae�ad l.�e Ctv�a Barower a6a11 pay wAeti due the�riacipil of:and in�a+ac an.` .
<br /> � t6e dd�t evidaioed bY the Nate aod lak c�rges due ander the Note. ,
<br /> . . • a �!MJ��'��°ra�oe�d Oti�a�CYar�e.t. Banowa sh�1F iiuIude a each monttil�PsY� �.
<br /> to�es6er witb the principal and sntenest as set farth ia thc Nore aad atgt iue chuges,an inslalltneat of a�Fy ta)puces ao�
<br /> specia assesament�kvied or w be tevied�gainst tbcPiope�tY.N)tasehold paymuits a�ound rents on the Ptapeay.wd
<br /> � (c)Piemioms for inwc�ece eequiced by P�grapl�4= '
<br /> � �mootlily i�meot for itans ta),tb)an�(c)shaU equal one-twelfth of't1�e aauvat aawunts.ag t�easooably
<br /> — " - esti�ed by L�det.plu�an�no�nu saf�cient tfl maintain�additia�t batance of not m6re tlu�aao�ixth of d�e -
<br /> estitntied amo�ts. 'i'he full anawd uaount for eactt iteat shall be accumutated by Leader within a period ndins one —
<br /> moeTh 6efae�a item would 6ecomc delittquetrt. l.ender shall bld the aaw�ts rnAected in aust w pay items(s�,(b?and '
<br /> . (c)befaca they becat�e detinqu�.
<br /> If u�ay wne the tonl of the ptyma►ts held by Leader for ikms(a).(b)aad(c),tagetlx�with tt�e futurc montWy _ .
<br /> �payments for sucb�tems payable ta La�der prior to thc doc dates of such iums,excads by mo�e thaa one-sixth thc
<br /> - — � esdmtY�l�una�ait oF paymeacc iequit�ei wpay soch�ms afien due,and if pa ts an tNe Nae are cur�en�then Lender .
<br /> Y- - sball either sefi�d tbe extxss over one-sn�tt►of the e.uimued payma�ts or c�excrss over ono-sixth of tbe�ted
<br /> paymeNs to subsoq�nt PaYroen�bY Bo�ma'er.at thC option of Bortower. Tf the tot�l of the payments made by Barawer
<br /> :`} � for ikm(a).(b).ot(c)ts insuf6cient to pay the item when due,ihen Borma�er shall pay to Lender any�nwunt neeessary to
<br />_- maioeap ltie deE'eciency on or befcxe the due the item becomes due.
<br />_ -- A4 used in this Secunty ln�trumrnt,"Sec�etar�t"trxans the S�of Housing aod llrban Davdopment or bis ar hec ..
<br /> 'A d��sigaec. In any ywur in which the Lender must pay a moctgage;n�„�*�'p.�nm to the Secneta�y,each monthlY P�Y�t
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<br />'`.k�. sbaii slso inelude either: ti)an instaltment of tin�nnual mortga� iasurance pnemium to b� paid by I.ei�der to tbe
<br />_:Y::; • Sectetary.a(ii)s►monthly chargc instpd of a moctgagc ins��ce premium if this SecudtY Ins�uaeent ts held by tUe.
<br />--?- Seccctaryt. Fsch monthly inst911ma�[of the moRgage ir�.s�u�cc premium shali 6e in an azno�mt sufficie�m accp�nulate the
<br /> full amual mortgage insnraace p[�mium with Lender one �aatti pnor ta the date the full�annaal matgage insurnce
<br />_ . piemimn is due to the Soc�tanf:or if tius SecuritY tast�er�cs held b}►the Scenetazy,exh maathty charge shall 6e in aa
<br /> smoont equsl to oae-twelfth of one-half perrerlt of the outsta��princ�pal batance due aa the Nae.
<br /> - If Ba�nmver ter�ders to Lender tbe fi�llpayment af all swn�sa:uced by this Securiry Instru�Borrower's aocoiuit ,
<br /> shall bc ciedited witIt the balance�+�aaining for all installmeccts for iteass(a),lb)and(c)and�y a�igage insuiance .
<br /> �,,: pr�emium instalbn�st that l�ender has not become obligated to pay ro the 5ecietary.and Lender shall promptlY tefw�d u►y
<br /> - - .. ` exccss funds to HoROwer Imm4diately prior to a foceetosure sale gf the R+npeitY oT�ts ac9uisinoa bY i.eader Bomnwer's
<br /> acoo�mt stuU lie ctediud with�ay balartcx remaining fot all in3'*aE�inents for items(a),(6�aa�d(c). : . —
<br /> ' f '- 3. �►pplkatioe of Pfaymeats, AU payments under P�ragraghs 1 and 2 shall be apQlsed by I.cnder as foUows: —
<br /> • j�$�W the mattgage insutatue pi��mn to be paid by I�der to the Secretuy or to the monthty charge by'the�:. —___
<br /> � �•��: Secretary tnstead of the monthty mortgage insurance prem�wYr, ` -_
<br /> , ' �. .. ��yp,to any taxes,special assessments.leasehotd payments or ground rents.and fire,Aoad and ot�6er t�azard , �
<br /> r. : • insura�e pnmiums,as�qumcd; ' _
<br /> . , � : �p,to�ntenst due u�der the Note; . .
<br /> �,to amottizatioa of theprincipal of the NMe: , �-_
<br /> �, ' - �,to late cl�arges due under tt�e Nae. �•..,¢�
<br /> ° . �' 4. Fire�Fbod aa�1 Othee Aaz�rd Insaeaace. Botrower shall insase all improvements on tf�e Propetty.wl�ether now
<br /> � ' in e�istence or su6sequentt e�+ected,against aity hazards,casualties,arrd contingencies,tncl�ding fue..for which l.ender �'`.-'�<<._
<br /> �}`-' ' iequires in4urance. This instu°ance shall be maintained in the amounu and for the periods that Lender�sec(aiies. Bormwer . � , r,_
<br /> '' �" �`'� �• shal!atso insure all r'mproveinenc5 on the Ptoperty.whethet now in existence or subsequently erected,aga�nst Ioss by�cw�Is �
<br /> ; � ,,.•.,,r:•:_—,'r,_
<br /> � ��,�. •..; to the extent reqaired by the Searc[ary. All insurance shall be carried with campamesapproved by I.ender. The insurance ;:;;{��r'+�.,';; .
<br /> • ��,`-�: ,•� policies and any renewais shaU be held by Lender ancl shall include toss payable clause.s in fava v� and in a for�n . :
<br /> '� '� :����#- �• bte tn.Lender. `� :
<br /> ' �In the avcnt of los�.Sarrower shal!give l.ender immediate natice 6y mail. Lender may make pTOOf of Ioss if not �
<br /> � � made promptly by Borrower. Each insuraRCa campany concemed is hereby authorixed and directed to IInake payment for . � � �:_
<br /> ' ? ��.=� such loss directly to Lender,�instead of to Borrower and ro i:ender jointty. AU ar any pan of the instriane�praceeds may be . - _:
<br /> - ��"� �: app lied by l,erxier.at hs option,either(a)to tbe reductia�o�:he indebcedness under the Note aad th3s Secu�Ity Ins�nen� :
<br /> '�'• � ' first to any delinq,uent amounts applied in the onder in Paragraph 3,and then to prepayme�t of princlpal,or(b��o the : •'=
<br /> "''T�" restoration or atr of the dama ed ro An a hcatian of the roceedc ta the nnci al shall nae extend os ne -
<br /> � ':F• �r;�..;i:•::Tt. , reP S P Pe,nY Y PP� P P� P P�`•Po . .
<br /> '•;�„<:;T:�•,_-,�, the due date oY�anonthly payments whccb ac�refened to in Paragrapf��..mr change the amaunt mff s:�h payN�en�4• Any
<br /> �� eacess i�sutance pcc�ceeds over an amaunt re�uFred to pay all outstandcng ee�debtedness under the �tote and this Security _
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<br /> � . � ;�� .� lnstrument ahall be paid ta the entity legally e�ritted thercto. , ,;:,�:�•s.�._:
<br /> :.,... ,...�.: ,
<br /> � , In t'r�e event of foreclostine af this Security Instrument ar othet transfer af titte w the Prapeny that extingulohes ttte � _ ,,1.�.,,.,�.,i�;.,
<br /> � 1ndeMednes.g,ali dght,title and interest of 9artower in an�,b insurance policiew in farcc shall pacs ta the purchaser. ;;,; +.:::
<br /> � 5. Uc¢npaney,Preservallon,Maintenance and Protecibn oi the PropeMy; Borrowee's 1.oQn Appiieallon; . • .
<br /> 1,eaveboWa �arrower shall occupy.es�abfis�t.und use the Property s�s Barrawcr's pnncipa! resi�oe within siaty days ,-
<br /> �: ' . , after t}ie execution of this Security ln.vtrument and shall continue tn occupy the Propeny as Horrowars @rincipal residence
<br /> � for at lcast nne year after the date of occup�ancy,uniest the Secre[ary determirmti�h�s requirement wiBi ca:a�e undue hardship .
<br /> � ��►:�.,�.t" � far Borrower.or unless extenuating circurristances exist which ure Neynnd Eorrawer's control. Borrower shall naiify �
<br /> �..ti .,.•'�. .:;. ��• `.
<br /> . ' -,_ ,_;..;;. :• � Lenders of any extenunting circumstances. Borrower shali nm commit wuste or desiruy.damage orsubstantiapy change
<br /> -•. . � = the Froperty or allow the Property to deteriarate.rcaconable wcar and tcar excepted. L.ender may easpect the Property if the
<br /> _ . - _ `•"�'- - �..�.~. Qroycrty�s varant or abandvned or the toan is in def:sutt. Lct�clev may takc rcacana6le acliean ta proiect and preserve�uch �_.:_ __ ._ .
<br /> •'��'^' '-',`�� vacant or abancYa�ted Pro ri Borrower shall a�so be in default if Borrower.during the toan kpplicatinn praceso.gave �
<br /> -�wz ..,h,.. .� • P� Y• -n
<br /> � materlally false ur inaccurate information or �ts�iements to L.ender (nr failed to praviCc f.c�der with any matena! f .
<br /> • ' �%'•� • infarmation)in connection witit the loan evidenced by the Nnte.includin�.but nat lint"rr�d co,representations conceming . �
<br /> _ � .,.,f .. .� •. ;� ':
<br /> ���-�• Boaower'�accupancy of the Property as a prinripal re.ridencc. If this Sccurity Inslrumt�tt i�;on a le�schotd.Borrower shall �
<br /> • •• +��`;`!r . ' camply wlth thc provlsinns di the Icase. If Barrower acquires fcc titic tv the W��perty,ihe tessehoid and fce title shaU not E �
<br /> �� . "' � . be mclged unless Lender agrces to thc rrtcrgcr in wtidng. !
<br /> ' .� 6. ChA�es ta Boerawer and Prutection uf I.ender's Rights in thr Prup�rty. 8nn�tiver sha11 pay all govemmcntai i
<br /> ' • or municipal char�es.fines su�d impositions that�ue nut includcci iu Pnragraph 2. Hartawer tihall pay thcse obL�ationr on ; �
<br /> time directly to the entity which i�owed �he p:�yment. If fs�ilure to pay wnutd udvrrzely�ffect l.ender's intere�t in the � •
<br /> PropeAy.upon Lender9 reyuest Borruwcr shall prnmptty fum+sh to I.endar receipls evidcnring these paymcros. �
<br /> ' � �_'••.:.'"= � . lf Bortower faits to matcc thcu payment��u�he p�yrnentr rcquired by f'�ar��ph 2.or fuilv ro �crfnnn.�ny ather �
<br /> � 1`� : �- .� covenanls and agreementa cantained in thiy Seeurity in.�tru�tu��t.�r these is:�fegat proceed'ea�that may� xtgne�ic:►ntiy affect '
<br /> " � ° , .. �'�"""' Lender's•rights in the Prvperly(such us a prnreeding in 6ankruptcy.for cun�irmnati�n�ir tv enfi+rre laws nr re�ui:uinns�. ; ,
<br /> - - - - - - .then Lender may dc�und p:►y whatever i.v necessary ta protcct Uts v�lue ut'.�he i�rnperty.+nd Lendcr c dghts in the f�peny. F . ..
<br /> � ' including payment uf taxe�.hat:ud insuranre�uiJ uthrr�temv mcntiuncd in t'aragr.�ph 2. .
<br />• • An amuunts dlsbursed hy Lender under thiv C"aragra h�halt E+�rnms an additiunal debt af$unnwct und 6r se�urcd ;
<br /> ' � , . by this Securlry Insuumem. 'f'hc�c amoums shati bear intetesr fn�m th�•date uf ditUurscment,at thc i�atr r.�tr..+nd�t the ;•
<br /> ' ' optian of l.ender.sh�ll be itnmecllately due;�nd p�yabie.
<br /> • � ' . 7. Condemnation. 'I'he prceeeds af:ury:�wurd os claim for damagrs.dimrt ur rnnscyuen�i:il.in cunnection with:my
<br /> � • ' condemnaHon�r other t:dcing af;u�y.q:ut nf thr i�raperty,or for cnnvcyaner in ptu�e e�f cnnJemnati.,n,:ue hereby utivigncd
<br /> ' ' �� and sha116e paid to Lender cn ihr r�►tnnf af'�he ful!�nuruns of�he indebte�irss�h�t mmain�unpaid under the�N�tr:u�d thts
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<br /> .. Serurt�Jr insfrumenf. Lender shali a�pt}+euefl pr�i�cec�s tc�thc rcd[�c►t�sn csi ihe indcf+rcdness mr�r ti�e Nc�c�ci ti�is Sreurify - - --- ---
<br /> , , . ..- �'- , lnstlument.fir�t t�any dclinqucne�muunts applied in the arder provided in W.u-a�aph =. ;�id thca t�• prcpayment af .
<br /> .' � � . ptincipal. My ap�lirati�n of the proceeds to the priacipal shail n�+t ratcnd c�r 4wstpnnr the due date af the mvnthiy
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