|
— _� _-;_�:s�;�:.`=: :�: _
<br /> u.x . _ ``
<br /> -� - �'��"T - �-----__>�...,� _ _ _ — --
<br /> .. ,.. :: -
<br /> ��• ,
<br /> —__._:._��,.,."�:��;-_ - - c, - . ---- - - ---.- . _ � - -- °- —— --- -- -
<br /> _ _ _ _ ��;;
<br /> _. . . � .��.r. _�� - -- -
<br /> � - _�.• . . �. .�1i-,�����i�y���y� ' 1P���s��������i���t, . ,
<br /> ' ^n`, �����Y�lAM�7��. . . . ` . _ ,. �
<br /> _�� ,�� �
<br /> ' , ,. < �.�I��q■�Is�t7�ar.i■�ee�t�11`rt'i��. BoRO�rar�11 i�ci�de i ac5�aio�6t�rp�ea�. ,. .
<br /> �ra
<br /> �p�Q�rillt�p�[iniCipl I�d i�leiaR as tet fCfQ1 in die Nale�ed �ille'�'a.�n irldB�seat af aar(a)�aea sd `..
<br /> �dd�e�es kviad a w 6e leried a�i�s�ie�iopan�r.tb)te�r roW py�e�es a oa�d�ean as die�lnoputp�ad �
<br /> (a)}��irwatart�e�oe�eq�k�ed6j►Pf�r�apbA � . �
<br /> Eade�wr61!►i�ne�t tar i�a�(�?.lb)and te}�U eqWt aae'tMe'�:af dia ww�l sawaah.s+ re�oti64►
<br /> e�ti�ieQ,lr�e:�;a�der.�as a�aacuat�a,�+in a�addi�io�t�b�l� at.mi marc�n a�as+u�af�o
<br /> �a1i�lgd a�aprnts. 7i�e Nll amuv ae�oaa�t fa ac4 ilem el�il-_De ao�uWed hy Le�der�a period�dies aae
<br /> ` tioi betvro�n itan�rooid beoame delinqami. i.eade��lI boia the amosrMa oolkcled In trust w p�y Mpm(a}.N)aad
<br /> _:;:lc}6aia[��eryrbocomedelie4�t.
<br /> — � -�t-aa�-�ctal-�tL: �}-�l��t�(a.�-(l►�aM�.c?�__ �rith�e fwu�e�14a�!�__ -
<br /> ...py��far s�i�au pryable tu���io tl�e due d*tw ot sucd oems.eico�mao aae�te�e-
<br /> eMawed a�arat af p�ym�ts zeqwaad w� p� sah ilans Mbeu d�e.�nd if p. aa tbe Diole ue c�teat.Wen Leoder
<br /> �11 dd�t�eftwd d�e exass ava ane-sixsR Yof tne�psYmeats or��acaess over aro-sixtL at 8�e asti�ed
<br /> pay a�P�Y��7►���8re optioa oE Bormwex fftt�oopd af tbe paymea�s m�da by�a�rer
<br /> af r'yem�(��(�►�ar(c)is io�dmE w pty t6e ikm w!�du�then Bar�owar sWU pay ta ia�der any aaouat t�ex�i►10
<br /> tia�e apdiedeficimc�t aa abefae thed�ethe ilem boc�a�aesdue.
<br /> _At wed ia ebieSecu�itY I�uaait."Seciet�Y"meaos tbe Se�nasY of Housiag aad Utban Devs�p�t arl�sar her
<br /> � In�ny g�c�n phFch tbe Leadet me�st a mortp�e insmaa�x penumn w tbe Socrep�y,ar6 moa�6l9 PY�
<br /> [also iacWde eilher: (i?an in�lla�eot�Ibe�nm�l mott�c ios�a�noe Pnemimn m be p�d ls7►E�der ta t�
<br /> Soccet�y.a t���Y�m�e�f a mo�tE�ge i�oe pcemium if d�is Socorty ias�eat is i�d by tLe
<br /> Sderet�ry. S�ch manlbly�ait+±uEt�e maKB�ge'�ave premium s�all be m an amau�t a�6Cieat to aocumnl�o d�e :•.:;:
<br /> moet� �`with l,ender aae�awl��t�#�p�r ta d�e d�e th�tn�I aoaw!mo�tp�'m�airse..:.;�..:�°
<br /> fuU auuud cVe ta Soaw�li:ac+�'�tTs In�n�neat us_��t1�S�aen�Y.each�et�oat6lq char�e s�i!bratpti�;:;;,';�;
<br /> pemiw,. t�Soaw �y .
<br /> �nornte�o!#oao�tweiti�ofa�cfi$t c►f_tiiiei r� #�i�i�dueao'tbeNotG , .• . .�_ .
<br /> _ ..� IEBaioairr�eadt[s b i.rnda�e�e�paj�ajpa���" ,�a���'.�,,�.��'•��� �
<br /> �:;;'`:�'� sb�D 6a aeai�ea vvidr�me Wanoa ... �fai��6iRFi�sa�ibnei�'�'ot itea�c ti�'�)�(�>.���� � �;
<br /> �t tt�t I.endei I�is.�became bb�i�lod w pay to Ute Soccezary.and I�di�:s�;pa�l`��m� r<
<br /> -_ ' �fiuds w Bonowe� latmodi,i�i#y�iar to a faecWw��ale of t6e Ptope�y or its t��y i�. ,
<br /> — ` aocaont s�ll bdc�edisat artd�aay.: ",�gior al!i�aH�aans fa�ms(a>.(b)��:.:�2 � . .. - -
<br /> - 3: dPJ��we�bs.��maRsw�der PinBraPhs l aad 2 sb�il be�ppliod '�'cfi��grss follaws =,.-.
<br /> _—__� to t6emo�tg�ge irts�uance,+�;a�tivat w�e paid 6y l.rnder w ttie Se�et�Y ar to�.�,r�tt�i}I�bY� `
<br /> Sa�epryinsteadoftbemomhiy"f#��P�� :� ••.��• , � -
<br /> r�,��y�a,�{.��s,�dwldp��ents or gt�amd cents.and���aad other f�zacd :,.�.,,F
<br /> � inwt�oceprtNiuns.ns •�:: .;:, , ,,,. : , ; , �
<br /> y�Q,toicwetestcfueu��'� � ��' � ��` .` , ,�
<br /> ,:�� , ,�...:� � •�;
<br /> �.tosmo�ationottbep���af'13s�hkyte: ,,:i. ,,., : �s .` : . '=y �. .
<br /> �j,W late due uoder the I�to�e:.:''ti'�,';`•' .•.� ... ,,.��r f; _ . . ..
<br /> �L Fle+�F1oni�Otter Haaard��.�wa shaU instm aII.iu�xirvem���a;?��,;:+1�tLer mw
<br /> - ia existence or sa ntly croctcd.�iast�ap��.��lties.and caUin�ie�incliu�g�ii�"i`at.�icb Lender
<br /> .tequins iawrance.��'s lasur�uwe shaU 6e maintairxd ia t6e anwunts aed fflr tfce periods��,endcr tflquins. BoRVwer
<br /> sh�ll also insunc aU' vetacuut ur�tt«Plropaty.whetlKr now in existence or s�6seqoe�!'��ed.s�ainst loss hy f�oods ,
<br /> ro the extent requinoA�y tQe Sscret�.,All insnrance sha116e ca�ed with car�paaies app?eawei�.6Y Lender. 7Le ins�uance
<br />_ polieks and sny rd�ewaLc,s�a�ltt-¢ie;�ne�d by Leneter and shall incluck loss payabie clau��+sr favor of.,smd in a form
<br />`i Y7. .`.. f�I�� .� .'. . . • . .
<br /> •. '��s i.i{!{F( .:- ��:,• -
<br /> , t�. In the�va�t of loss,�turruwer.sfi�ll give l�asder im�t��otice hy mati- l.ender�,makt➢roof of loss if nat _
<br /> — -- �'� �F� Y 63►Borrower.:.F.���.�unsuiance campany conaemcs�is;iteceby authorized�di.iectcd ro malce PaS►men�fos ;S,_
<br /> " - ..$nnr,l�loss d�r,�l, w l.ender,i��ar����Cr�$orrawet and to l.ende�,aii�{SY. M ar a�ry pact af iii�knsur.wce pnceeds may 6�:_';.;, . �:;;
<br /> os
<br /> ::aFP���ffi1�. u its optia��ic�s E�;i"tp,thG t�ductian oi the iildrbtedness under the Note aad this Ser,�ity InsrtnmayL:, ., � .;
<br /> fnst'us�:pay`delir�qaent�a��ts�;�cp�2iec:m the.ti�in p a r agra p h 3.a rt d t h e i s��o pce�aY!Rene o F prinei p a Fr a7�I 1 I L O�°• �: � '
<br /> _ — � _..,� ��iestoratiai ot rcpair�±t�d�?��f1.�xbP�Y• �+i'�lication of the proctats iu{ixe pnnc:pal shatl not e�m�r�d a postporie' �'` _
<br /> — . the due dat�ot the�a�.��2r�s�whuh ar�ne�arred to in Paragraph 2.or�e the amaunt uf sucti payments. Any =
<br /> -:= excess insuranoe prcw�a9s a��'•a�i�ount requiced co pay all outstandiog id�ss under ihe Note and ttils Socuriry _
<br /> - =�� Insuum�mt shall be ps�w��t�d�niia�r'legally entitkd thereto. -
<br /> _ -�—:i� In the event of f�aTasvie of this Securiry lnstrument or other transfer of tiUe to thc�npeRy that extinguishes the _
<br /> �..,.
<br /> -�= indebt�dnas�.all riglrrE�and mterest of Horrower in and to insurance paticias ia for�e sha11 prass ta the pucchaser. °
<br /> -�'� S. Ooc�pawcy.:8i+�alrvalloo. Msiettnanoe and Prdectian M t6s Property: B�+bwee's 1wMp AOplicadau: f_
<br /> - — l.tau�otd�. Sor�nawe�sl�all occupy.establlsh.and ase the PropeRy as B�ower�pnncipat residence t�3.�in siuty days
<br /> _ ----=— sfter s4e eaxutian of uds Securic}►Inswm�mf and shall cominue td occupy.�he Hvperry ag��inower's pri�:�t r�tdc�se =
<br />- -- ;:-•— ta�1 kast one year afut the date:���ccupancy.unless the Secnetary detrnnrnea th�.a requirem�nt will caus�,�rst�1c�fl�► _
<br />- �;� ia�Horrower.or unleSs exetn�atiuo`�ciesumstances e�t which are beyond Bmruwerk oontrol. Bosr�,:�.�.�'s�•�;i�am� _
<br /> _ ____ l�ende�s of any eateau�atittg circuzb�a�a�a Bonower shall not cammit waste or destroy.damage or�.�ialYy ch�itge _
<br /> - --- the Pmpeay or alloa thr pnape�tf cv�1��#iorate»rr�s9nable wear arW cear excepted. Lender may i�6peca u1�e�rvperty dthe _
<br /> propeny is v�cant or ubandaneQ ar�z G�m�s;�rte&�'autl. l.rn�er m3y take resisonable ncNon to praect and pnesewe such _
<br /> vacant or ab�ndoneA Ptope�ty::.�ti�anv�et"shui�ulso be in detault if Holrowet.during the Eo�n application pracess.gave -
<br /> mueri�Uy fatse a Qttaocucat�.infozsn�tion or statertKnt�to I.ender tot taileA to pravid: I.ender with any maudal ,
<br /> Wonmatlon)in coneection with th8loan evide��ced by the Note.including;6ut not Umrtad Co.representatlons ct�emiag
<br /> Bw�ower�occupancy of tlie Ptoperty as ap�i pal rtwlden�r. Ii this 5ecunty Instrument is on a leasehold.Horrvwcr shall =
<br /> camply wiQ�tho pmv�slons of 1he fease. I�Bomawer acqntces fee tiQa tv the ProprAy.the leasehold and fee titk stiatl nat
<br /> be merged unkss Leader ag�oes to tho metger in writing. �;
<br /> i. Clw�es tv Bo�r+ower aed Protedlon ar 1 eoder•s Riahts tn the Ptoperty. Borrnwer shall pay all�emmentW
<br /> a muolclp�l cha�tges.fu�ts and impositions tf�as ue no�t indudod in parggraph 2. 8ormwer shall pay these obligallorts on _
<br /> tin�e di�cpy tor the entity whlch is owed the paymenl. tf failure ta pey��ou1A adver�ely af[ect Lenderk iaterest in the
<br />- s — Property.upon Lender's iequest 8arrawer shati promptly tumi�h ta LenQer receip�s rvidencing these payr�kn�s.
<br /> � I!Bamwer taits to m�ice tbrse p�ymrn�s or �he payment�cequi�ed by Paragr�2.nr ta�ls to perform any dhrr .
<br /> f� ,� earenfnts�d�$rcements eantalne4 in Uds 5eeurity tesmunee�or thrre is a kgal prc�eeoding that ma s�gnifie�nUy aftecH
<br /> 0
<br /> ,-;� i�enda�d�s��e�p�►Isush u s proceedins in b�nkrup�Cy.far c�d�aal�vn or tn enforce wa tx regala�ior�cl. _-
<br />- thee Lender ta�y do and pay wt�tevet i.4 netessary to protect tht v:due of the Prnperty and Lender�rights in tlie RoprAy. :
<br /> includin8 WY�!�Qf tues.fw�rd insurartce and ather items menticmed in P�ra 2.
<br /> ;�} �~�' An �eaauac�disburaed�yr Lender wNkr thts Pbra�raphs�from� ��bt oat the Nae r�abead��the .
<br /> by tNs��awrit la�Uummt. 7'i�ese amouats shall btu m n
<br /> aption af r.sh�ll be imnKdi�tety due an�l payabk. _
<br /> . 6 ., 9. Ca�ettloe. The pme�eds af any aW�rd os ctaim tar damages�dir+ert or rvnsequenti�t.in rannectian vWth any
<br /> canddmWlon ar atder t�icin�nf aoy pat!at th��tvperty.ar far ranreyaace in pL�e ot c�de,nnativa.aire hereby sssigard
<br /> th
<br /> aed sbtll be paid to l.teder to[he exteat of tl�e EnE�amouat of the i��debtedoesv that aina unpaid under the Nwe s�nntl this
<br />_ - - : _5a�ulty�asiru�s���l.':�s�al�applysnc�r�cSCdstothcs�otQe:ht�tlsteds�ess�tad.at.!l�Naleaas1�61a3�rity - - . _
<br /> Inwtnnan� fust ta aa�delinquent amaunts�pplii�d in the order pmvlded in.ParagapM 3. aad tften to pay�ne t uf ��
<br /> princip�l. Any appl�iitun nf the praceed's Us it�'.prin�cipal stratl nar exCer�oc�pastpane the due date opf th� nmunthty
<br /> �. �. .
<br /> _ . _..- - -- � • --- -
<br /> , . _ . ._.:.- i�a�t�4v�� _ _ _ .,_ __ . _- - — ._-:
<br /> . .
<br /> `���,r Z .. - : — --- — ---- - ---- - -- ---- -------- - - __
<br /> .. -
<br />
|