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r 7 ..�. 119' "-m`-_ ". :•w!' :'{vu�_ \.fit � : ±_ _ '- __-- -- -..�.._�`_La!'i�u::ne,: _i...:JD.!'�'1�!' 1''1 90-- 105202 1. r"1111sst of Prlaeyd, harness turd [AM Charge. Borrower loll pay when duo the principal of, and Interest on, the debt evWswemed by the Note and late charges due under the Note. 3.111 PityateaM of Tttuus. lastssasa tuM alherChmps. Borrower shall include in each monthly payment. together with ()Ise ptiudpd and interest to not forth in the Note and any late charges. an installment of any (a) taxes and special auessmentr hvW err to be levied u&Ww the Property. (b) kasehold payammis or ground nests on the Property. and (c) premiums for lointr m r"ukW by Peregropk 4. - •. Each maubly installoman for knts (a). (b) and (a) shall equal one - twelfth of the annual amounts, as reasonably estimated by Lander, On tut amutuat aalfhdmt to malmtals an additional ba lance of not more than one -xWh of the estimated moats. The 1102 annual amount for ,each kern shall be accumulated by !.ender within a period eadity one month before an hem would baoawe delinquent. Leader shall hold the amounts collected in trust to pay items (a), (b) and (c) before they become delinquent. if at any time the total of the payments bald by Leader for ltmn (a). (b). and (c). together with the future monthly payments for such items payable to Leader prior to the due dates of such item, exceeds by mom than one - sloth the estimated amount of payments required to pay such kerns when due, and if psymeims on the Note are currant, tbem Lender shall either refund the exom over one -sixth of the estimated payments or credIt the excess over one -sixth of the estimated Visments to subsequent r j payments by Borrows, at the option of Borrower. if the total of the payments made by Borrower for item (a). (b). or (c) is hawfficlem to pay the item who due. tbea Borrower"Pay to Leader soy amount necessary to stake up the deficiency on or 1, baton the date the km becomes due. As and is this Seavity, Winnow. "SwrVAW* mans the Secretary of Housing and Urban Development or his or her dealpee. Most Security Imrusoatts insured by she Saaelary are insured under programs which require advance payment of the coda asor4op insurance premium. If this Security Instrument is or was insured under a program which did not require advance payment of the entire mortgap iasnuanoe pmmhsm. then each montbiy paymear dull also include either: (i) an Installment of the i annual tortgep iesnusaes premium to be paid by Leader to the Secrets►, av Ili) a monthly charge instead of a mortgage : • i ouvow praaiuse N this Security instrument is held by lhs Smeary. Each monthly installment of the mortgage insurance prea taw ithd be in an amount sufficient to atxaamuWe the feat. -unnud mortgage insurance premium with Leader ow month •, prior to ft date the M annual mortgage iouraooe premium b due to the Secretary. or if this Security Instrument is held by the ; Sacrou". such mess Wil d wV shall be in an amoaat equal to one- twelftb of one -half percent of the outstanding principal : ;balance dw as the Now. ! If Borrower tenders to Leader the full payment of all sums secured by this Security Instrument. Borrower's account shall be credited with the balsam remaining for ali installments for items (a). (b) and (c) and any mortgage insurance premium iagalbaant that Leader has not hewer, obligated to pay to the Secretary. and lender shall promptly refund any excess funds to S arrowa. Irawoi tag V,-Ity to to foserloaum t%V t.f the Property or Its aquas ti„ra by Lam. Bots4ow's awom diaii be credited with nay badituaax remaining for all insta"iemnts for items 1a). (b) and (c). y 3. Apyllooks of 1114roommi• All payments under paragraphs 1 and 2 shall be &*led by Lender as follows: ' . to the mortgage Insurance premium to be paid by Cedukr to the Secretary or to the monthly charge by the Secretary indeed -of trine monthly nwngage insurance premium. unksx Wwawer paid the entire mortgage insurance premium wema this - . Uatimbment was signed; ,r �Securit • to any tamcxs. special assessments. lemehold payments or ground rents. and fire, flood and ether basard insurance as required; to imerat due under the Note: ' �. . to amorthadon of the (mriacipal of the Note: to We Charon duo undea %W Nate. 4. fln, !MM mil Odaw Nand Insurance. Borrower ilWI insure all Improvements on the Property, whether now in exWenoe or subsequently erectead..uldau any haw ds, casu a.am, and contingencies. including fire. for which Leads requires insurance. 'ftais Insurance shall be maintained in the amounts and for the periods that Leader requires. Borrower shall sixes inme all improveeasau on the Property. whether now in existence or subsequently erected. against loss by floods to the extent mg-wited by the Secnetwy. All lasuttnnce shag be carried with companies app'r vied by Lender. The insurance policies and any retmnradn shag be held by Under wand shag include loss payable clauses in favor of. aad in a form acceptable to. Leader. In the evert of lost. Borrower shall give Leader Witnedlate notice by mail Lender may make proof of lots if not made prompt- ly by Borrower. Each insurance company cone mud is hereby authorized and duetted to make payment Nut such doss directly to Lerch. instead of to Borrower and to Leader jointly. Ali or any pan of the insurance proceeds may be applied by !.ender. at its 1 option. caber (a) to the reduction o'l the indebtedtaeu under the Note and this Sec urlta, hautument. flat to any delinquent atmouws applied In the order in Paragraph 3, and then to prepayment of principal, or ( b) to the restoration or repair of the doneW piopoly. Any application of the proceeth to the pchicipai shall not extend or •postpone the date data' of the monthly payments which are r ehmed to in Paragraph 2. mr sluutge the amount of such Any excess insujanee ems_ payments. proceeds over an amount required to par W outstanding indebtedness under the Note and this Slawity Instrument shall be paid to the entity legal. �. r b emitled thereto. In the event of foaclowre of this Security Instrument or other transfer of title to the property that extinguish,, ,the in- 1 debtaeddrtesa. all right. elude and interest of Borrower in and to insurance polaracu in fort:, shell pan to the purchaser. '�. Po atevaties mad Malaftwom of the Pee/am. Leaeshelb. Borrower },hall axe commit waste of destroy. damage or t' s*sunnuk* change the Property as allow the Property to deteriorate. raesma'bk wax and tear excepted, lender tmm #j inspect t the prog rim if the property is vacant .m abandoned or the loan b in default. Leader may •t wke treasonable salon to prated and 'pream 4�ich vacant or Security Instrument Is on a te+tMWdl.'Flttrmwrr SW comply with 4k provi- abandoned pro free m. I sie of lase. If Born title uses the ropey the kmholai and fee title shall not be merged unku Lender agteet to the in writby. i & (.lush is BMrawr Will re"K IN of Leaft's RkW In do fteoft. Borrower shall may all srovartmental or munkinad charges. f6aam and Imposition tkat are not included in Paragraph 2. Borrower shall pay thew obligations on time directly to the amity which bowed the paymal. If failure to pay would adversely affect Leader's into lest in the Property. upon Laml er's re- qubu Borrower dung promptly furnish to I.eadrr receipts evidencing these payments. j If Borrower tiW to make thus paymasu or the payments required by Paragraph 2, or fads to perform any other covenants and evo aamu contained is this Security Instrument. at there is a legal proceeding that may significantly affect Leader's rights in eke Iitoperty tsuch as ■ proowdLy to bmkrupk7. for condeanation or to enforce laws or regulations), then Lender gamy do and • - M wkasever b necessary to pretax the value of the Property and Leader's rights in the Property. including paynito of saes. hawed insurance and other item tmentiornd a Pospapis 2. Any amounts dbbunad by leader under this Paragraph shall become an &*AKtonal debt of Borrower and be smured by this Security Instrument. These amounts shall bar iateren from the data of dubsnetame, at the Note recur. and as the option of Leads. shall be immediately clue and payable. 7. Cet dsomedas. The proceeds of any award or claim for damages. direct or consequearwo. m cootwctjtn with any Londe n. ,anion or other taking of my pan of the Property. or for convostace in place of cundemnattoo. we herehy asttgned and stall be L paid to Lander to the extent of the full amount of the indebtedness that remains unpaid under the nutter and that Security Instru• mint. Lender shall apply such proceeds to the reclusion of the indebtedness under the Note and ihm %ecuroy Instrument, first to any ddimqum amounts applied In the order provided in Paragraph J. and then to prepayment of pr enupol. Any applkauon tat the proceeds to tine pri dpd shall not extend or poatpone the due date of the monthly payment•, which are relerred to in Paragraph 2, or change the amount of such payments. Anv excess proceeds over an amount required to pay all out•tandany to debledoeu under the Note end this Security Instrument shall be paid to the enuty k ally cuntled thercto B. Pew lender may calkct ices csnd charges authorized by the secretary. t'we 1 of ..�. 119' "-m`-_ ". :•w!' :'{vu�_ \.fit � : ±_ _ '- __-- -- -..�.._�`_La!'i�u::ne,: _i...:JD.!'�'1�!' 1''1