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<br /> T . _ � t`.��_. _ '.�r . � � _.. ,_,4 - Y T.i�. _.._._.
<br /> '�. � y - _. C.__ ' ' __ . . ` , •-LL . � �`x,���.
<br /> � &�, �� .t. ��� .. . . - . . .�.� . . _ - _ . -
<br /> _ . - , _ ` � ., gZ_� �o�i�► .
<br /> ` �.���h�e�j�l.i�i�drt..��.ate cl�e�e:Ha�rnw�s�1'p•y�aoa tbe princtp�l of:ro u�a�sc a�, �- `
<br /> . f die debt e+ridenoed by t6e IVut md L�te charges due�uader.t6e Nore. . : �
<br /> � Z• �!P7��d 73�ze�,ImYra�a�a�d Ofiet�, Bo�mwer shail includE in ade nwathlY WS�� `
<br /> b�her w�idt Hrc prmc�l aod inOrnest i9 set fath in.tl�e Nole aod aoy Iue c6a�ges.an itunllmtnt of aty(s)tues aud
<br /> apec„t sssk�s levk�v�to be le�►iea against the P�oQercy.ro)teasehoid�t�aY�as�o�d tsats a,the P�opettY.aoa
<br /> , (c)Prem�uai+fcc�ce roqaited by Para8rap64-
<br /> F�ach a�ooWy insqllmeat fa items ta).(bY aad(c)sh�l1 cqual ane�wetf�h of tbe annual aa�ounts.as�easo�y
<br /> espmt�ed t�y Ltader.p1us an�nouat snfficient to maintain an additianat baiaace of na mae than aaasixth of thc �
<br /> estimtied�. T#�e lhlZ aar�amaaat fa eseh itaa sl�all be accumnluodbg Lender wit6in a periad endioE one .
<br /> mo�th befaee an itemr woWd 6ecome de}uquent Lender shail hoid tbe amo�mts colkcttd ia trust to pay items(a).(b)aod
<br /> (c)bdae tl�li ba�ome delioquent. •
<br /> If u any time the wtal of tl�e p�►ymeats 6eid by I.cnder for items(a),tb)and ta).togcttxr with the fuairr caontHly
<br /> P�Y�fa such itrnis psyabk to Lstxier prior to the dae datcs of such items.exceeds by mote th�one-si�cth tl�e
<br /> e�mned�aaau�u of pRymeats requuod top�y sucb ivau when due.and if pa, ts on tbe Note ace ca�nen�then Lender
<br /> :� — � shtB aither iefund the a�oess over one-sixW of the eswnated p4ynym�cx�excess over ooe-sixth of the e.�unaud�
<br /> = y�m�ubsequan P_wYments by B�ower.at the aptioa of Bamwer. If the total of tlu pfyments m�de by Boaower
<br />-- �a ikm(a),(b),a(c�is u�icxnt to pay tbt itau whei►d�e.then Boaower shall pay tn L�eader aay a�m�wraereaaary to_
<br />•u:� malce up the deficimcy an or befaie the date Et�c item ba�oq�es due. • �
<br /> =" As used in this Sewnty Iactnuna�t,"Soc�+etary"means the Sa�tuy of Housing aad U�Davelopmeat or his or Ler
<br />. desigaee. In aay yar in whicb the Lmder muct pay a moetgage ins�uance pr�emium to the Secnetary,exH manthlY WY�t
<br />- s6ai1 also inetude eithet: (i)an is�stallment of t6e annual mortgage ansurance pcemium to be paid by l.asder to tbe
<br /> � Socret�ty.a(u7�a moatbly charge instead of a matgage insuranc�premium if[Tiis Secanty Inctrument is betd by the
<br /> _ . Soccetacy. Each manthty insul)nxnt of the e iasurat�ce pnemium shal!be in an amount sut�'icient to accumotate tAe
<br /> foII aaaual rtwrtgage insarance p�emium wi16 oae month pria ta tbe date tUe fuU annnal mactgage insutancc
<br /> p�emium is due ta d�e Secr�tary;ar if this Secunty Instriunent is detd by tbe S�xarY.eacb monthly charge shall be in an
<br />_ - artw�mt tqua!to ono-tweWU af one-haif pe�ent of the o�rtstaM'ing principat balance due on the Note.
<br /> If Bormwer tenders ta Leader the futt payment of ali snms sxured by this Securiry lnstrument,Barrower�s accauu �
<br /> - s6a11 be aedited with the belaace naoau4iog for a11 u�stallmeats for items(a). (D)and(c)and anY�SaBe insuraoce
<br /> pcemiwn ia�taUment that Lender has not bocome ob6gated w pay to the Sec�etary,and Lender shall pramPaY R�a�ty
<br /> • excess funds W Borrower. Unmediauiy prior to a forxlosure sale of the R�operty ar its acquisition by Lender,Bomower�s
<br /> ' account shaU be crediud with aay balance remaining for all installments for items(a),(b)aad(c). - _____
<br /> . z �._,'.: ` 3. Apptkatiaa o1Plwyments AII payments iuider P�ragapLs i aad 2 sfiaiD be appliea by l.ender as fdlows: _ �'-�_
<br /> �'G to the mortgage insu�ance premium to be pa�d by Lender to the Secretary or to the monthly charge by the �.a_
<br /> ,��'''� S e c n e t a ry i n s t e a d o f t h e m o n t h I y m o rt g a g e i n s u r a A C e p r e m i u m;
<br /> �°�"��'' � t e a s e h o t d ents or cE rents.aad fire,flodi ane!otl�er hazard ��'=�--
<br /> �* .� SECOND•ta any ta�ces.specfal assessments. PaY� 8� —
<br /> • � ���. insuiance p�emioms as re�u'rmd: . � �-� _
<br /> .�:--.-r:•::
<br /> gj�to mtenst due unde the Not� . �����'
<br /> . = i�,to amoni7ation of the principal af the Note; � "�..__
<br /> .�' �,w late charges due under ihe Nae. ���—
<br /> ' 0. Fhe,b7ood aad Other flazasd lawrnnca Horrower shall insuie all im ements on tha Pro rry,whetbec c� '�`"" �=
<br /> �';� , pr�, Pe ���t_
<br /> . "` - in emistence or subsequendy erected,against any hazards.casuaities,and contingencies.includins fire.for wlucl�E.�rs3:r ,',t�,,�'x--�,
<br /> � 's
<br /> � ;;�_��.�_, ceqau�insnrance. This insurance shall be maintamed in the amoants and for the periods that Lender re.quires. Bors�Wet ' 'r�' ='�
<br /> ` � ` ,'_o::a •rA-
<br /> �: ,��:�� sdall alsv insure ali impravements on the Property,whether now in eaistenee or subsequently erected.aga�nst loss by flaods : ,.�_•;K.__
<br /> '�••-�.=`;,`a'�"� � to theextent requined by the Secr•�tary. All insurance sha116e carried with compames approved by L.ender. The ins-�asance � :.,; - _
<br /> , i.`w.., .t .. '��.�:,-f:
<br /> , �'��`.:� = p olicies and at�y renewals shat9 be hetd by l.ender and shaU inclade loss payable clauses in favor of. and in a€onn
<br /> .»r.„ �,.. �..... .
<br /> '��...�`:�"� a�c�eptable to.Lender. ' 's;'.",,. ;' .
<br /> r ,;.1.a, i=_.
<br /> �� -. In the event of ioss.Borrower shall give Lender immediate nopce by mail. Lender may make proof of loss if not '�___
<br />� � ••,,i_y��V '� made pmmptly hy Borrower. Each insurance company concemed i�hereby authorized and directed to matce payment for � __
<br /> �`' -�''�� suc��oss directly to I.ender,instead of to Borroaer and to Lender jointly. All or any part af the insurance procceds may be • • ' __
<br /> �� ` .�• • � � ap�eliordby Lender,at its option.either(a1 to the reduction of the indebtedness under the Note and this Security Insdumen� �.v=_
<br /> �'��':'•._: fiist d�any deli ucnt amaunts applied in the order in Paragraph 3.and then to prepayment of principal.or(b)to ti�e -�__
<br /> � _���°r.: � � - -
<br /> .j,.»��'�� - �estaration or repa�r of the damaged praperty. Any applicatian af the praceeds to the princ�pal shall not extend ar postpc�~re - �, �.�;,
<br /> -��°.c-�;��,';iri��=:,°'•_ the due date of the monthly payments whrch are referred to in P�ragraph 2,or change the amount of such payments. Ar.y � . ,
<br /> �`''����':'�' � excess insurance proceeds over an amourrt required to pay alt outstanding�ndebtedness under the Note and this Security . ; .
<br /> ' '�'-���4'.��}�•:: .'.' Instrument shall be paid to the entity legaliy cntnleci thereto. • �. °'
<br /> '�:�`~�''�"�'`� � In the event of foreclosure of this Security{nstrument or athcr transfer of title ta the Property that extinguishes the - :iv':-
<br /> .C, ;r�.t�:;i:;,-r, :; _
<br />� t.,.,rl<_,. + ,
<br /> . .-��,:��p.a;�;,... . indebc:dness.all righti title and"ec::.�restMa nt nance�anddProtection o!theeProperty:hBor%owe�shLoaa Appiicati�on; ;�,�,'`;�:��
<br /> ,��,p,�' } 5. Occupancy. Preservation, � "i =
<br /> �'�'� Leaseholds. Bomnwec shall occupy.establish.and use thc Praperty as B��rrowerc prineipa!residence within sixty days
<br /> - . - �=�°r,•~'�' • aftet the execution of this Securiry lnstrument and shall cantinue to occupy the Propeny as Baaower's principal residence .
<br /> �'�'s``�-� �'� for at teast one ear after the date of occu nnc unless�he Secreta detem�mcs this re uirement wiU cause undue hardship
<br /> �,,.,;.• , ...� , Y P Y� tY 4,
<br /> � �°�°: �z � for Barrawer.or unless extenuating circumstances exitit which are bcyond Bortt�wers control. Horrower shall notlfy � • •
<br /> .._:1:,,;:.�. .
<br /> , ,,r. �. .� i.enders of any extenuating cin�►mstances. Huaowcr shaU not cnmmit�vatite ur desuoy,damage or substantialty cE�.;�sge
<br /> ' the Property or altow the Property to deterioratc.rcaxonable wcar and tear exccptcd. l.cndcr may mspect the Propert�:�t z�e •
<br /> • ' �''� . Property is vacant or abandoned or the loan is i»defayh. L.ender may lAlce rca.conable action to protect and presene s:�:h � �' ,
<br /> - - - -• vacant or abandoned Praperty. BULf(riYiK ljtitll:t��t►rC ttl t1Cf8it�l tf B6Rd�NCT,during the l�an applieatian pracess,gsre ___ __ __ _
<br /> • ,_. •, . materiall�r false or inaccurate mformation ur �tatemenu tn l.ender tor failed t�� provide Lender with any ma.er.aI �' .
<br /> � lnformattvn)in cannectian with thc toun evidenced by.�hc Nvtc,inrluding.but n��t limited to.repcexentutions concer�in, , .
<br /> _ � � Borrower`.s accupancy af the Propeny as a principal res�dence. f f this Security Inytrument is e�n a lcaschold.BOROttieT�.�T3I) � . '''
<br /> � camply with the prov�sions of Ihe leasc. li Bortawer acquires fcc titic t�i�hc Pry�crly.the Ie.��ehald and fce title Shalt not •
<br /> ' . 6c merged unless l.ender agrces to the mergcr in writing. j � .
<br /> 6. Chatges to Borrower and PrutecNon of Lender's RiRhts in fhe i'roperty. Bc�rrawcr�hall pay:�l{gavemmcntal �
<br /> • , or municipal charges.fines ru►d impo�iti�ns that are nat includcd in Nuruugrapl�2. Burrawcr shall pay thesc obligatinnc an �
<br /> r
<br /> . time directly to the entity which is owed the payment. if failure ta pay wautd advcnety affe�K Lend�7ti interest in the �
<br /> � . Property.upon Lcnder's requcst Barrnwer shaU prumpdy f'umish tu l.cndrr rrrciptti evidencing tficse p•rymcnts. �
<br /> � it Borrawer fnits tn m�lce thesr paymcnts��r the payments rcyuired by P�.Uagr�ph 2,ar fails ta petform any c�thcr . �
<br /> • � rovenants and a�eements contained in thi�5ecurity Instrument,or thcrc iti a Ic�al pr�xeeding that m�y yignificantly affert !
<br /> � • Lender's rights in the Property I�uch ati a pnxrrding in b.mkruptcy,fnr cvndemnatinn��t to erforcr laws�u regulation�l. � �
<br /> • : ••-� �- then Lender may do nnd p�y whatever lv necessary to pr�tect thr value oi fhe f�rc+perty and Lcnd�rw rights in ihe Pr�}xrty. . ' .
<br /> :.. _ __ ._ . _ _ including payment af tmces.h:��rd itssur;u�ee and othcr itemc mentioned in P�aragr�ph�.
<br /> , ' Any:unoun�ti disbursed by Lender uncicr this Pt�ra�r:�ph shall brc��mc an additmnal debt ot'Borrmver and be�crureJ
<br /> • .' , by this Security 1nslrumenL 7'hese:un�unts shall brar�nterest from the datc��f disbunement.at Iht Nnte r�te.anJ at thc �
<br /> . • ' option of Lender,shail be immcdi�tely�fuc:u�d payable. �
<br /> ' ' � 7. Condema�tk�d. Thc prnrcrds nf uny uwur�i«r claim far damagcs.direct nr conscyucntial,in cnnnccticm with cmy
<br /> ' • �. • rondeinttarion ur uiher taking of nny part of the Vroyetty.vr f�r rnnvcyan�e in place ui cundcmnation,are hereby atis��ned �
<br /> � . and shaU be p�id tn l.ender to the extcnt of thc full nmount uf thr indebtrdnrss th�t rrm��ins unpaid undcr thc Natc und this !
<br /> • . 5erurity lnstrument. l.rnder shal!apply such prtxeedc to thc rrduc�inn uf the indcbtcdncs�undcr the N�>te and this Secudty .
<br /> ` - --- —-- ---_- - - tnsutunertt.f�t ta miy t�CltRCjtlCttt:tlttVtfit(s il��C1E tfl IIi�(K�Itf �iff(lt�(tE({i{i �'3Fd(;i'Jp�i�; ar�#ts��se ��symetie.f�£ ______.----
<br /> : ' princi�l. My appliration nf the prureeds t��the principai xhall nat crtend ��r pa.tpnne the duc date oi the mnnthly .
<br /> _ . • . _ _ _ Ijar�t2�J4r�q�n� - -. -
<br /> " . , . � , � ' .
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