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<br /> 1. ti :t . �we�t a.�,:;�E- ` ` Har�owar s�l,Qay . -�tTie wm�l 04 and in�oa
<br /> Itie debt�by�I�k darees du�u�,tpe Nat�. � � .` .
<br /> � t Ma�tW MJ�nM d 7i�sK,I�we�ee a�d Otrer C7yr� Boao+rer sh�ll iactude in ac6 monhly payment.
<br /> to�er�it6 tbe pmocip�i�ad i�mt as�et foetb ie the No�e aed my t�te cA�a.aa im�allnrat of a�y(s)tua aad _
<br /> ` �isLt assess�aeats kvied a ta ix Ieried apiost the Ptopesty.(b)teasd�otd paymeots ar gsound m�ts an tLe Ptopetty,aod '
<br /> � (c}p�emwms for inwc�oa'nequii+ed bS'P�uaBaph 4• '
<br /> • Esch moed�r�bnene [or it4ms(a),(b)aed f�)si�U aloit oae-tv�netftl,af ine�nawai amouats.as ieasan�biy
<br /> e�tio�led 6y L�er. us an amoot►t 3u�icirnt to'mai�am an addiaod!batanue of ant mae th�o aoo-su�th cf tbe
<br /> , dtimred amo�ls. �full�mas1 aaotux fat aeh i�shaif be s�xaimul�by�i�ender vvidiur a peria3 e�inE ooe
<br /> sarah 6otare aa item wwid 6ecame ddmqo�nf.•l.ender st�U hoW the amounts oaltocted in utvst w psy items(a;.(b)ard -
<br /> te)bet«e 16�jt beiame dehnqueae. : .
<br /> U�t�ey time d�wW of th�ptymeats�6eW by L�ender far items(a?.(b)�d(c).cogaher vvith the future mauhiy
<br /> payments far aoch ite�PaY�61a to f.ender pcior w the daa d�ees of soch items.cac�eds by mo�e�h�n me�sixsh the
<br /> �a�Yed amouot of P�Y��N�ouo-si�af tLe lt�ed �•�ed if oa.tbe Nate ate cuna�t,tLaz Laider
<br /> � !�CII�E(!�1�IC E1CixSS aVCf ��IILS Of ��ICrO�t i�C1ICC54 OYll OI1G517I1�i Of l�iC C�IIAiICI� .
<br /> paymeots���P,�Y��!►Banower.�t du optian of Hamwer. if the tatal of tUe Payments mxfe by Bo�mwer
<br /> __ - ior item fak(b),as(cj is ua�'icient w p�y the itan aihen dae.d�nt Bo�rawu s1�at1 pa�y ta i.ender any anotmt mess�y to'
<br /> -_ ' maice uQ the defickocy an ar befati the date the itan becomes due.
<br /> -__ As used in this Securiry lr�mait,"Sec�cY"means tHe Sa�ry of Haismg aad Ur6�ut D�welaQment os his ar her
<br /> - desiEqee. In any yar in which the l.endermust pay a zaosgage ins�nec prerniwn w the Setcetary.each mondily WY�
<br />- - ahali slsu iaclude eitba: f)an insaitmeat af the annua!mortgage ins�uanoe pemium to 6e paid by I.ender w tbe
<br /> -_= - Sec�etu�;-or(ri):manlhly charge it�stssd of a moetgage it�r�nce P�emium if this Secunty Luanunent is 6eld by the
<br /> __- - Soceetary. Eacb mantbly insWTma�t of d�e moKgage insura�re p�eauam s6all be in an anw�mt su�x'ieat to aa�umulate the
<br /> -�_ (ull�nrw�t awetga�e iru�u�oe piemium wiW Lender one month prior to the daoe tbe fuil amual moicgage in.s�iace
<br /> — .prpn�porn is due�fha Sec�tury;or if this Securiry Instrtaaent is held 6�the Sec�etary,each momhly cdarge'sbaU be ia an ---
<br /> .- �aoaiE eywl to one-tweiflh of uaalWf perrent of the a�anding princ�pa16a1ance due oa the Note. - _
<br /> ' _ ` If Bamwe�tende�s w i.ender the fuU patyment of all suws secuad by this Security Iaswmet��Barowa�s account --
<br /> _'� shaU be ciedited witb the 6Rl�rce ieawining for all iawtlments fa items(a).tb)and(c)�nd artY�8�� _ -----_
<br /> �" pc�emtum iastallment tlat t.rnder hac not become obliguod to pay to the Secretary.aad l.ender shaU piomptly nfurid any �'�_-
<br /> excess fw�dg to Bonuwer. Immediatety prior to a faeclos�a�e sale of the Roperty a its acquisition by Lender,Homnwer§ ��,�
<br /> _ �cca�wt s6a1!6e�wiW any balaaee�mafiniAg for ap i�raitments for items(a?,{b)and(c). . �••-=��`�"�
<br /> � - ` �. AppYado�o��ytsenb. All payments under Pdragraplfs 1 aad 2 sha1R 6e applied by Lender as foltows. !�.���i�,?;:'_
<br /> ';: �,w the mottgage u�.cursu�ct pnemium w 6e paid by[,ender to the Secretary or m the monthly charge by the �_ '.
<br /> Se et �
<br /> Socnua�}!instead of tbe maatbly mortgage iasurance premiam: . • ;��� •'.-
<br /> �--.,.,_�_�
<br /> ,: . � ��to any taxes,special assessrnents,Ieasehotd payments or ground reau,and fi�.ftaod and other tiazard �.
<br /> • •� insur�nce pcemiums.asrequiral;
<br /> T�II$Q,t o i n t e�e s t d u e u n d e�t h e N o t e; ��`_°..
<br /> _ - FQ�,w anwctizatlon of the ptincipal of the Nae: °-�
<br /> � . - �,to late chuges due ander the Note. ���=_.
<br /> .- � 4. Fir�I�7ood aed Other Haz�d Ias�ar�nc� Bortawcr shall insure all improvemenu an the Pt�operty.whetber rww .�-�;:=
<br /> � in eaistence ar s u b s e q u e nt t y erectcd,a g a i nst an y hazaNs.casusities,and contingenc�es.inctudiirg fire.for wh�ch Lenrkt �:�t.=;
<br /> `� �equiies insurance. T h s insuruke shall be maintamad in the amonnts and for the periads that Le u d et nquins. Harrower �=rir�r�e:'�'
<br /> � sha11 atso instue all improvements on the Propecty.cvitether now ia e�istence or subsequently eiected,against loss hy floads ��':. .
<br /> - :�:` W the exter►t tequired Dy the Seeretary. All insuranee shall be cucied with companies approved by Lend�'� The insuranee :; _, .� :� _
<br /> : policies and any tenewats shalt be held by Lender and shall inctade loss payable clauses in favor of. and in a form � •
<br />. , },. acceptable to,Lender. . :
<br />' ' - In the event of Ioss.Botrower shall give l.ender immediate notice by maiL Lender may make proof of tocs if not • - -
<br /> '. made promptly by Borrower. Each insurance company roncemed is hereby authoriud and directed to make payrnent for '.:f � • =--
<br />_ °1 such tass directly to Lende�,instead of to BoTrower and to Lender jointly. AA oe aay part of the insur.uue pmceeds may 6e - _
<br /> ' app lied by l.ender,at its option,either(a)to the re�uction of the indcbtedness under the Note and this Security 1n.gtrument, '`
<br /> • - :�. ft�st w any delitK{uent amou�s applied ia the order in Pgragraph 3.and then to prepayment of princtpal.or(b)to the �; '-
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<br /> _ restoradon or repa�r of the damaged pmperty. Any application of the proceeds to the principal shaU not extend ar postpone ' -
<br /> the due date of the monthly payments which are referred to in Paragraph 2.or change the amount of such payme�ts. Any •. , _-
<br /> excess insurance proceeds ovet an amount required to pay all outstandmg�ndebtedness under the Note and this Security
<br /> . • �� . Instrument shap be paid to the entiry legaliy entitled thereto. � '.
<br /> :`�":� In the event of foreclosure of sP�is Securiry lnstrument or other transfer oi'tiUe to the Ptv�►erty ihat extinguishes the � '
<br /> .,f.;:;:, . rs,' . _ _._�, _
<br />,�;,,'.,.,.. ,.i� mde6tednE��ali righ�ride and irn'ere��f Barrower in and ta insur�noe policies in force shall pass to the purchaser. . .
<br /> � �_ 5. Ocs�paecy, Preservattoa, Maintenance and Protection of the Property; Horrower s Loan Applicatlon; .
<br /> • • t� l.easebolds. Boaawer shail occupy.establish,and use the Property as Horrower's pnncipal residence within sisty days
<br /> , � :_:. af'ter the.execution of Q�is Security Inswment and shali continue ta occupy the Pt�speny as 8arrower's principal residence ,. , .
<br />_ , - -s tor at least o�year after the date of occupancy,unle�.c the Secretary determ�rte$.�ny rtquirement wili cause undue hardship .
<br /> � •� r;;" for Bormwer. or unless extenuating circumstances exist which am beyand Borrowerx control. Borrower shall notify -.
<br /> %{ :;'�, Lendess of any extenuat3ng circumstances. Borrower shali not commit waste ar destroy,daa�a�e or substantialty change
<br /> •� �;`�• �-� •;, the or altow the Pro to deteriomtc.reasonable�vr�,�r and tear exce ted. Lender n7ag�ns t the P1ra rt if the ' • ,
<br /> . �.�.,x,,,...._:.;� �rtY P�Y P P� Pe Y
<br /> - ___ Praperty i9 vacant or aba.ndon�d or the loan is in default. Lender may take reasoaable actiort tct protect and preserve such ____. _
<br />.. R.:.�--k�.�..,�J
<br /> r. • , `. .'�'• vacant or abandoned Pt�a�7erty. Barrawer shall alw be in defauit if Borrawer.during the loan�application process.gave •
<br /> �fi � materialiy false or inaocurate infarmation or SEaeee�tents ta l.ender (ar failed to provide i.endcr with any material , . :�:
<br /> ::� � • �'. lnfotmation)in cortnection with the(o�cvidenecd 6r thc Note.cRCtuding.but not limitcd to.representations conceming
<br />��'�%.�'•• � �r�' � �'+' • Borrower's ac¢upanc}r of the f'ropeny as a principal residence. �f t@��s 5ecunty Instrument is on a teasehold.Bonower shail . ���'":'
<br /> .�_.�*-...r...
<br /> �:,'•.' �� :_., �:: . comply wlth tha prov�s�ons of the Zease. !f 8orrower acquires fra tetle to thc Prnperiy.lhe leaschold and(ce litle whall nae { � ��
<br /> ,i•.�;•<.?' _� _ ;,;;.:,:",'` r � • .,
<br /> . be merged unless Lendet z�erees to t4�c merger in wriring. ,., , .
<br /> - � '"X- �.�:� - 6. Gbarges to Borrr,�er s�nd PrMectlon of Leeder's►Rights in the Properly. Borruwcr shall pay�ill govemmental '�'. '
<br /> '�"�;;'=� ar municipal charges.fines�tid impositions that atr not included in P�.uagraph Z. Bortowcr shall pay thcse obligations on '`•;:�' ;� • ,
<br />. . " '� '` time directly to the enNty which is owed the payment. If fuilure to pay woutd advenely uffect Lender's intercst in the ;�` � ,
<br /> � '�.J ,� •'� � � o n u n l.ender's r uest$onower!+hall ram tl iumish ta Lender reti;ei t�evidertrin these a mcnts.
<br /> - A' P e Y• p o W P P Y P 8 P Y � .
<br /> , � J'"j � If Horrower fails to make these payment�ur thc paymentc rcyuircd by P�ragraph 2.or fails tv perfomi any othcr . „
<br /> ' - ���.s��=-� cuvrnants and ageements canis�ined in this Se�urity inswment,or there is a legal proceeding ihat may�ignificantly affect • _ .
<br /> " r �"lr'= � l.endei's rights in the Properry(such as a prorcedin�in bunkruptcy,for cnndemnation or to enforce laws m trguluttons). ' �
<br /> " '�"""'"'' '-� � then Lender ma do and a whatever ic necessa to rotect the v,�lue af the Pra
<br /> y p y ry p peny und Lendcr�rights in the Property, � .
<br /> - -.�- = -- . � lnetading payment o€taxes.hazard insurance and othcr itcros mentianrd in Pazagrayh 2. �- - .
<br /> • � . • My amounts disbursed by Lender undcr this Psrru�rnph shall bei:ame an additional debt of Hnrrower smd t+e secured �
<br /> - by this Security tnstrumcnt 'fhcse amounts shalt t+ear mterest from the date of disbnrsement.at the Note ratc.and at the � ,
<br />' '_ � option ot Leixter.shall be immediatety due and payable. • r
<br /> , �.` . ''` � 7. CoaQemnallort. The proceeds uf any aw:ud or cl�tim fnr d;�mage�,dinrt or cnnseyucnti:�.in wnnertinn with vny �, •,
<br /> • condemnation or other talcing of any part of the Property.or for conveyance in plarr of condcmn�tion.are hercby:�ui�ned f .
<br /> ' ' and shall 6e paid ro Lender to the extent af thr full sunnunt uf the indebtedness that remains wtpaid under the N�te suid this
<br /> _— __ . - ______ __ 5ecurity Instrumeat. Lender shal1�pply surh ptnceecis to the reduction uf the indebtedness under the Note und this Security c�...��,_,�
<br />. ., Inst�ument: �irst to:ury dalinquent amounts applicd in tlie order provided in �.�ragraph �: :u►d then to prepaymcnt o! �: ,
<br /> . ' '.. priaCipaf. My upplic�tItm oF the proreeds�v Ute prinaipal shall not extend or post�wne Qte due Jatc ut the monthly -
<br /> . � . • .� _. _ _ . �Oa,Ce1 n s - - � . -
<br /> . . I Pa,urs�
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