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<br /> TO(3IfT8[iR W!7'tl atl tlx improvamoms now nr httaQer uated on �ho�propEl[y ud alI wunxrda, rigtus,
<br /> ��nttu��as.rcnts,roynl�ip,m6r_rei,oil and gas righ�a and profits.wamr rig]ns and stock atd all fixturcs iww or horeafttr x
<br /> part ot the propeny.All rt�inttnxnts a:xl nAdi[tons ihali atm 6o covercd by this Security Insuumuit. All ot the torcgoing Is
<br /> rckmd tu in tl�is Saudty Inimmxnt as tho"Property."
<br /> 80RROWRR CQVIiNANTS Iha�Onrmx•er Is Imvfi�lly selsed of iLc n�atc hcrcby mnvcytd and has�ho dgM lo grant and
<br /> mmey dw Prnperty n�xl thet the Propeny is unoncumUcnd,czeep for c�xvmbnnca ot rcconl. Hotmu•cr wnrcams nnd will
<br /> defenJ ganrally ihe�Ido to tha Ptopeny agains�all elaims and demaois,wbJect W any ercumbrz�es of remM. .
<br /> L r�yn,G,i ar r��a�i,Intercsl and Imte Cliprqe.Mrtmeer shall poy�vhen dou Uu pdncipal of,nnd tnterut on,thc
<br /> de6t evidenttd by tho Nnto m�d lato charges duc undcr tho Notc.
<br /> 1. MonlMly Pnnncnls at Tnxcs, Jnn�rnnca nnA Olhrr Ch�rga. Qormwcr shall includo in cac6 mor.ihly paymcN.
<br /> together with tha pdncipal end interes�as sG forti�in the No�e And any Iate charga,an Installment ot any(a)taxes and speclal
<br /> asscssmen�s Ievled or to be Icvled ngainst tlio Propeny, (L) ia�schold paynsnts or ground renes on �ho Propeny, a.rcl (c)
<br /> przmiums for insurenco rcquired by pamgnph 4.
<br /> 4'�ch momhiy Installment for items(a).@),and(c)shall a�nal onrtu�e11t1�of the annuni anwunts,u r:asvos§Iy rstimated a-
<br /> by lander,pius an anwunt su�lcient m n�almain an�ddi�lanal bnlonce of not morc than one•sixih uf tho eiti�ed amaunts.'the w.
<br /> fuli annuai anwunt Por each item shall be aocumuia�ed by I.cnder within a pericd enAfng one month beforc an item woutd
<br /> become delinquent. [.erder shall hold the amoums collececd in wst to pay items (n), (6), ar.�f (c) cetore they ixeooK
<br /> delinquent.
<br />� If at any timc ihe total of�hc paymems held by Lender for ilenu(a). (6), nnd (c), ccze¢her �L�i�h �2+.(uturo n:onthly
<br /> paynxnts for such items payabte to Ler.ACr prior m the duc dates of such items,excecJs by morr�han one-six�h the estinuted � -
<br /> anwunt of paymems required to pay sach itens when due,and if paymems on the Note are currcne, then Lender shall either -�
<br /> rcfund Ihe excesx ovcr one-sixth of Ihe atimatetl pa��nxms or cndi� tM1e excess over one•sisih o(�he estimated paymems to
<br /> subscqucnt pv�mems by Donower,a��hc opdon nt➢ormwcr.If the mtal of tlie paynKnts madc hy IIovower for iiem(e).(b), ___
<br /> or (c)is insuffirixra m qay the item when due, then 6orcower shall pay m Lender any amounl necessary to make up du =
<br /> deficiency un nr hefse ahe da�¢the item becames due.
<br /> As uscti In�his�Stctze.y inswment, "Secre�ary" meanc�he Secrciary ui Houaing unJ U�uaii Derc�vpiic��t ar his ar Ye:
<br /> deslgnce. in any ycaf:ia whkh�he Lender must �u.y�a mongage insumnm premium to thc Socretnry,c:nf� momhly payment .-.
<br /> shall alm Include ehher.Qi)an inaallmtnt utthe annu�I mongage insuranee premium�o be paid by Lender�o�te Secre�ary,or
<br /> (fl) a momhly ciiarge Insiead of n v;ortcr.gt inatirnnca premium it thfs Securi�y Gisimmem ic held by �he Secrc�ary. Cach ;_:
<br /> monthly inslallmcm of�hr mm�gage iaaa�ne premium shall h. in an amount sufficfen��o aaumulatc the PoII annual mortgage -
<br /> Insuronce prcmlum�vith Lxndtr onc mon'�i prior to t@e da�e�he tull annual mongagt insurance prcmium is due to die Sccrc�ary, _
<br /> ar if�his Security Insimmzm is held by the Secreaary. each momhly charge sM1all ba in an amoum tqual �a ono-twelRh of -
<br /> one•6alf permnt of�he oms�anding prtncipal balance due on�he Note. —
<br /> If Borrower tenders m l.ender�he(ull payment of all xums secered by this Securi�y Ins�mment. Dorrower's eccour.�shnll
<br /> bc eraditcd �sit6 the balancc remaining for all ins�ellmenu for i�emc (a), (bL nnd (c) and any mortgage insurana prer.ciu:n
<br /> tnstallment that Ixnder Fu not bzconx obligated �o pay to ihe Secrcmry,and 1.enAcr shall promp�ly m(und any excess funAs�o -
<br /> 13orrower. Immediatcly pdur to a forc.losurc salc of[::z Propeny or its acquisition hy l.cnder, C^rmwr�'< �n.mnt shall be -
<br /> crcdiced�vith any l�l,vcc rcn�aining tor at1 inc�allmer.n for irems(a),(b),and(c). -
<br /> 3.App:icnlion of Pnymenlc, 11(�uy rxms undcr paragraphs I and 2 shall bc applicd tn L:rdcr as follows:
<br /> �irst,w the mongmgr inswance pmmium to be paid by Lender�o�he Secre�ary or w the nwmhly charge by the Sttrctary �
<br /> instead of�he momhly mongaec intiunr.ce prcmium:
<br /> Second.�o any�axts,sp.cial :�unments.Ieasehold paymenu or ground rcms,and �rc.Ilood and other h;vard insnrance -
<br /> prcmiums.�u rrquirecl: _
<br /> Third,�o interes�ci��;under�he Note; -
<br /> �ourlh,la amoni�.�lion of Ihc principal o(Ihc�rcr: _
<br /> fi(th,io Ivc charges dut undcr ihr hoic. -
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