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<br /> .;. � ,-�,•:.- ,� • p�ym�nt�py BoROw�r. a ib• opUon ot BoROwK. U M. toW ot th• p�ym�nb mad� by Bo�row�► ta it�m (.), ro)� or (o) Is
<br /> bsulld�nt to pty th�it�m whm du�.ihw�Bonow�►�hall p�y to Undw sny�mount n�wY to m�uP th�ddlolmay on a
<br /> - ,y�""' ' b�(a�tlle dtl�th�RMn b000rMa du�. �
<br /> :'� • ` �-- . •.�' Aa w�d In thb S�anMy In�awnmt, 'S�xM�rY� mNns th� S�onWY ot Housinp �nd Urb�n Dw�bpmwit or hb or h�r
<br /> . ;ri'q!(r i�r'1 l�MaIM.(fl Mljl�IN�MI W�1�0�1 uN�.NI�IlMlit�l�IIIOfIQI��fIWINOi�N/III�INII 10 1�1�$�Of�l�l.MC�I 1110111�IAI(l1y1hM1����
<br /> tlsa hdud� �Nhw: m �n In�Wrnmt of th�mnwl matq�p� Inwnno� prwNum W b�pald by Lmda lo th�S�aM�y�a(YI�N
<br /> � „n � .r '. 111W11h1y Oh�(p�111t1Md 0} • ff10tt0/p� k1aUr�flo� p��frIMN11 R thl� S�OYlfly YISU1N11M11 b hNd by lh� S�Of�ry. E�oh 111o111h1y', �
<br /> 3 Inst�in�nt of IM mo�t�p�hsunna�prwnlum sh�M M M an�n�ount wMloNnt to�caumul�t�th�tuN�nnwl rtwrtpay�fna�nna
<br /> � �_..r► , . a�mlum with Und�r on�month pbr to tho d�U!h�fuY�nnual rtarty�y� Insunnc�pnrtdum b du�[o the S�orM�ry, a q thl�
<br /> . .. �e•+�!�S'";..`.•: g�arRy NstiunMnt k hMd by th�SrorMay,�ach monthly oh�rq�eh�M b�In�n�nouet�qwl W on♦twNM o1 on♦hW p�nt
<br /> • '..a� of tM oubtanrYnO PdndpW bwna du�on ihe Note.
<br /> ,1 II Barow�bnd�n to L�nd�r th�tuM p�ymmt ot tll wm�s�au�d by Ihls S�wwriry Inotrwrwnt, Barowar's occount shaE be -- --
<br /> 8
<br /> _;� •.. -.. . �'°��. a�dt�d with 1M bdme�naafninp tor�M In�WnNnb tor q�na (�)�N)md(c) and�ny mortp��k►siwne�p►wntum bsLM�nt Q�
<br />-`�•� �- that lw�dr tw not b�oarM obYp�t�d lo p�y to ths S�orN�ry,�nd L�nd�►�haY promptly rMund�ny�oca�sa Pondi to Bortow�.
<br /> Mrun�W►tdy prfor to�tonolown ul�oi th�Prq�ty or Us aoqulslUon by l«tdK,Bortowu's�000unt ah�b�a�dfhd wtlh luiy
<br /> -•_� , � •� ''� �,_, ,• bN�nn�m�aininp lar allnshlnwnts ta kwm (�),lb)�nd(c).
<br /> _— � o.,' '� 3. Applicatlon W Paym�nh.a P.ym.na una.r para�ns� and 2�hap b�app(I�d by L�nd��s to9owa:
<br /> ... 1i = FIIyt to th�mo�'tq�p�in:wano�phn�um 10 M pdd by Undu to th�S�Muy at t0 th�monthly afwye by th�S�a�WY
<br /> r� j7O'` � InstNd ol th�moMhy martp�ys insuranc�
<br /> "�� . S�oond.to �ny ax�s. eP�d�l �sa�h� IMSN�oId p�ym�nts a pround �nts. �nd M� Aood and othK hwrd
<br />''T�� '�.. hs�x�na pnrt�lums.�s requM�d;
<br /> :.:_. „ Thifd. to Ntw�st due und�r th�Notr,
<br /> -�,:� � , .. -� • Follrth, ro anwrthatbn of iM prNidpd o1 th•Notr, _
<br /> -•,.�. . f ti.� � FMh. to We ohup�s dw und�r lh�Nat�.
<br /> - ! ;�. 4. Fln. Flood a�d OtINr H�sud Inwrana�. Bonow.r sh�1 ineuro � Nnprovwnana on ths Proparty. whMha
<br /> _ _ � ._. .. now h �Isbna or sub�aqumUy w�ot�d,ayaWist any Aazards. caw�ltl�s,�nd eontlnpendea, IndutAnp Ilre. fa whbh Und�r - -
<br /> � . tsquirss Insurancs. Thb Inwranc� shaN b�maM�Uki�d In th��mounts�nd ta ths pwlods th+�t Unda►aqui�s. Bortow�r sfuA
<br />_ �r: � . . ^. �so insun aN Nnprovwnmts on ths Propwry. whMhr now In edat�nce o►wbtpu�nqy enctad, op�p�st bss by 1loods W th�
<br /> '' ext�nt �puind by th�3ea�ry.IW inauranee ehap be cartied wRb companles�pprowd hY L�nder.Th�insur�na poNclK�nd
<br /> -�' , � .. .Y� �ny nrnwrds sh�M M hNd by L�ndR and shaA Induds bss payabN d�ut�s In fava ot�nd in�form�ccapt�bl�to. L�ndw.
<br /> . - , . In M� �rmt ot bas. Bortuwer ahdl plve L�ndu Imm�Wte notld by m�A. L�ndK nwy mNca Proof of loss H not nwde
<br /> -:.',y „ .:� praapttY by Bortower. E�ch Inaunnce company eoncemed Is h�reby wthaized�nd dk�cted to m�ka paymmt for such baa
<br /> � . diredy to lendor, Instead of to Bonowe►�nd to Lmd�r JolnUy. AA a u►y paA of th� inw►anas proce�da nwy b��PP� bY
<br /> � Lead�r. �t its opUon, eilhu (a) to th� nducdan of the Indebtednses undx tb�Note�nd tl�le 9eauriry Ustrument. Ikst to�ny
<br /> -� � d�uent amounts�ppYed h ths order fn Puapnph 3.�nd then to Pnpayment ol princtp�l, a(b)W 1hs roatondon u►np�ir ot _
<br />�=.v - th�drm�4ed Prop�ty. My appAeaUon ot the procead� to th� pdnaipal �h�N not at�nd a po:tpon� th� dus d�te of ths
<br /> madhy paym�nts wh�h ue Me�►sd to in Puaynph 2, a ahuip� the�mount ol suoh p�yma�U. My �sss insuranea
<br /> proa�f�ovK�n �mouM roquked to pay�A outaqndin�Ind�bt�has undw ih�Not��nd ihls S�oudh Inshummt�hdl b�pald �y' _.
<br /> - _= --_'-- -� ta iha a�ity lapsliy r.ssiNlad thttota. -`�
<br /> � In ths went o} foredown o1 this SeaKity Instrument a other transfw of dW to the Property th�t odinyuiahn th� �
<br /> • hd�bt�dn�as,�M cipht,Ud��nd tn1wM of Borrower In and to insurana�poUd�s in faa sh�N Wss to tha purchua.
<br /> i��° � ''�- 5. Occupancy. Pr�wrvation� MvMmanc� and Rrot�ction of th� Prop�rly; Borrawor's �oan
<br /> " '�� AppHwdion; L�as�holds. Bor►owa ah�Y oceupy, eahbAah, �nd use iha PropaAy�s 8orrowar's Prindpd nsld�nce wiW„ _ _
<br /> r �;�, _ sbcly d�ya afler tM execuUon of ihis S�curity Inatrument and ahW continue to oeapy the Propeity �a Borrowa's pdndpd _
<br /> rtaldena tw�t le�et on�yeu�rter the d�te of occup�ncy, unl�ss the 3wr�tary dat�rtrYnes thls requtrertieM w!� cause undue
<br /> - habshlp for Borrowx, a unbss extanwdnp drwmst�nces exist wh�h ero lwyond 8orrower's aontrol. Borrower shaG notHy
<br /> �• � Landers of �ny wdenuatlnp dreumstences. Boirower ahell not commlt waete or destroy, dartMye or aubatu�UaMy chanp� ths
<br /> �' � " Propsrty or�Now tha Propa�iy to d�twlorate,roraonabie wwr�nd tev excepted.Lendx may Inap�ot the Propwry N th�Prop�rly �_,
<br />` 1 Is ncant or ab�ndoned or th�Iwn is fn dofaft. Lenda rtwy tak� rooaon�blo�ctlon to prot�ct and preaerve sueh vaamt a -
<br />- .,;�T ab�ndon�d PropeAy. Borrower ahaY dao b� In dequR H Bortower, during ihe lan �ppWatlon proeees� 9�v�m�terl�Yy Ws� or �`
<br /> ° haauwte Intorm�tlon or ahtementa to Lender(or hYad to provide LandK with�ny m�terW infonnadon) In conn�cUon wNh th�
<br /> y'.�. � � ban avidenoad by Ihe Nob, induding,bul not pmfted to,�epresenLtlona conceminp Borrower's occup�ncy of th�Prop�ty�s a _
<br /> r f ., _: prindpal r�aWmca. It this Sawity InsWmsnt Is on a leaaehold, Borrower ahd comply wHh the provislona of ths le�te. N --
<br /> BortowR acquhs le�tftl�to tM Prope�ty,iho Nasohold and tp 11W shail not b�mwyed uMaa L�r►dK�yraee to ih��nMpa in
<br /> . , ., � wtitlnp. -- .
<br /> �� 6. Charq�s to Borrow�r �nd Prdoctlo� of Londor'� RIgMs in th� Proparly. Borrowa ah.11 p.y .1 -`��
<br /> qov�rnm�ntd a municipd chuyea, fin�s and ImposiUona ihat ue not NGudrd fn Paragraph 2. Bortowu ehaY pay thes�
<br /> :,., � obip�tians on time dinlclly to the entiry whleh Is owed the payment. H taGuro to pay wauld adversey aRect lendK's Intwat In �--
<br /> tlw P►opwty,upon L�nder's request Sorrowe►ehWl prompty tumah to Lander receipte evidenciny theae p�yments. -:.
<br /> - � If Borrowar hYs to m�ke thase paymmta w the peymente requked by Parapraph 2, a hps to paform eny other coven�nte �
<br /> � and ay�eemenb eo�talnsd in this 3ecurity Inadumant.or there la�legal proceedinp th�t m�y aigniflcantly+dfact Lendet's righte in ,;,,';-
<br /> t . ,� the P►opxty(auch aa a proceeding in budwptcy, tor eondemn�Uon or to antorce lawa u regulaUons),then Under msy do and �.
<br /> pay wh�tNer ls neeesaary to protect the value ot the Propery�nd L�nda's rlphta in the PropeAy, indudny paym�nt of t�ca. �_
<br /> harnd Maurance�nd othar ftems mendoned In Paraynph 2.
<br /> ' � My amounta diaburaed by Lender unda thls Puagraph ahWl become�n �ddftland debt of Borrower and be securod by �
<br /> this 3ewrity Instrument.7ri�se amounts ah�ll b�v int�nst irom th�datr o1 disbursamw�t,at tho Noto rato,ond d ih�optlon o1
<br /> . �" I L�nder.�haN b�ImmQdi�tely due and payabl�. �.
<br /> �, I 7.Condomnation. The proceeds ot any awud or eWm for dam�yes,direct w eonaequenti�l, In connectlon wilh ony
<br /> � cond�nr�ation or other hkir►p of�ny part ot th�Property, or fa conveyance in place of condernnaUon, aro h�reby�ssiyned and
<br /> � ahd b� pald to Lender to the extent of ihe IuN amount of the indebtedness ihet rern�ins unpsid undx the Note �nd this '
<br /> 3ewrity Inakument. Lendar ahap apply such proce�ds to the reducUon o1 tha Indebtednesa under the Note and Ihis Securily
<br />- Inatrutnent, flrst to�ny dalhquent amounts eppGed in ihe arder provided M Pangraph 3, and then to prepayment of prindp�l.
<br /> Any sppYullan of the proceeds to the principel sh�M not extend or postpone the due date ot the monthly paymenta,which aro
<br /> � .s, � rolerted to fn Para�aph 2, a chanye the�mount o1 such payments. Any excess proceeds ovar an �mount requked to pay aU
<br /> ' �� oubtandiny Ind�bt�dness unda the Note and Ihis Secu�ity Inslrumant ehaA be pdd to the endly IeyaYy mtitled thereto.
<br /> 6.Foos.Lender msy coMect lees�nd chuges authorfted by the Sec�atary.
<br /> — 9.(�rounds for AccolaraHon of Dabt.
<br /> (a) DYfault. Lender may, excapf as timited by regulatlons issued by the Secretary In the case of paymont d�lauRs.
<br /> , • , nquin krmacfiat�payment In tuN of aY sums sewred by this Security Instrument if:
<br /> t (�Bortower dehufts by ldling lo p�y in NU�ny monthly payment ►equbed by this Security Instrume�t priw to or on
<br /> • ih� �e d�te of tha next moetAy payment, or
<br /> . , (ff)Bartow�r dMauRs by tailkiy,ta� perlod ot thirly daya.to perfam�ny othar obNyatlons contalned in thls S�eurity
<br /> , i InsUument.
<br /> �b� Sal�Without Crodtt Approval.Lender shaY, H permftted by applicable law snd wilh ihe prior�pproval of the
<br /> � S�ahry,requlre immedfate payment In tull of ell the sums secured by thls Secwity tnsirument H:
<br /> ' . FS91�.LM0 110/91) Paqe 2 af 5
<br /> i 97�67 LM �
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