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<br />90-107073.
<br />1. Palma"" a reiatyM. IaNnN ale IAN ('huge. Borrower shall pay when due the principal of, and Interco on. the debt
<br />aviclanvad by Ike r4alt and Wt cltatan due under the Not@.
<br />1. MIMIMP 1114MM" of pates, lmtl mm ad Olhet ('bargee. Borrower shall include in each monthly payment, together with
<br />she pristul"I awl interest as set forth in the Note and any late charges, an installment of any (a) taxes and special assessments
<br />Ievbrd or to lid levied against the Pitlperty. (b► leasehold payments or ground rents on the Property, and (c) premiums for
<br />Intulamat teyulled by 111uyraph 4.
<br />L•m%h sooutldy Iu«lallt+wnt for pears la), (bland (c) shall equal one- twelfth of the annual amounts, as reasonably estimated by
<br />Lander, plus all amount sufficient it) maintain an additional balance of not more than one -tixth of the estimated amounts. The
<br />full manual amount fur tub Item shall he accumulated by Lender within a period ending one month before an Item would
<br />hem mt titllnyuent I acrd" thaU belief the amounts collected In trust to pay item's (a). (b) and (c) before they become delinquent.
<br />If at any time The joist sit she paynitntt held by Lender Inr items Is). (b), and (c), together with the future monthly payments
<br />for auch lima payable lit I emdet prior to the due dates of such items, exceeds by more then one-sixth the estimated amount of
<br />payments required ht My with items when due, and If payment% on the Note are current, then Lender shall either refund the
<br />excess ova isnl•sislth ttf lire soomaltd payments ur credit the excess over one -sixth of the estimated payments to subsequent
<br />ppsaymtnla by UNION". at the option t►1 Morrower. It file joist of the payments made by Borrower for item (a), (b), or (c) is
<br />In %uffict. fu pay the utm whtit due, then UNrower WWI pay In Lander any amount necessary to make up the deficiency on or
<br />before the des# the liven beitomea due.
<br />As used In ibis SuuillY Insrument, "%stietary" means the 'secretary of Housing and Urban Development or his or her
<br />designee. Most Mcurily Instruments Insured by the Secretary are insured under programs which requite advance payment of the
<br />entire mortgage insurance premium. If this Security Imsrumenl I% or was Inured under a program which did not require advance
<br />payment of t he entire mort{agr insurance premium. then each monthly payment shall also include either: If) an installment of the
<br />annual mortgage ittturawor premumm to fie paid by Lender to the Secretary. or (ii) a monthly charge Instead of a mortgage
<br />Insurance premium If this Security instrument it held by the Secretary. Each monthly installment of the mortgage insurance
<br />pppr or to the deal the full annual mortgage insurance premium is due o The nSecreettary insurance
<br />if this premium
<br />Security Instrument is held by the
<br />Secretary, each monthly charge shall be in an amount equal to one - twelfth of one -half percent of the outstanding principal
<br />balance due an the Note.
<br />If Borrower tenders to Lender the full payment of all sums secured by this Security Instrument, Borrower's account shall be
<br />credited with the balance remaining for All inslallmems for items (a), (b) and (c) and any mortgage insurance premium
<br />Installment that Lender hit not become oblipted to pay to she `secretary, and Lender shall promptly refund any excess funds to
<br />Borrower. Immediately prior to a foreclosure tale of the Property or its acquisition by Lender, Borrower's account shall be
<br />credited with any balance remaining for all Inuallments for Items (a). III) and (cl.
<br />33. Applitradsis of Payateals. All payments under paragraph, 1 and 2 shall be applied by Lender as follows:
<br />FIRS . to the mortgage insurance premium to he paid by Lender to the Secretary or to the monthly charge by the Secretary
<br />inuea3 of the monthly iiiafisade Intuiarca ptemlum, unl::: Borrower paid the entire mortgage insurance premium when this
<br />Security instrument was bigned;
<br />S Q. to any taxes, special asseaunenis. leasehold payments of ground rents. and fire. flood and other hazard Insurance
<br />premiums, tan required;
<br />THI(tD, to interest due under the Note;
<br />fj< 1URTF#, to amortization of the principal of the Note;
<br />Fll'.TH, to laic charges due under the Note.
<br />d. Most FkW sta101her Naard lasu.NKI. Borrower %hall insure all Improvements on the Property, whether now in existence
<br />or subsequeetly erected, against any harards, casualties, and contingencies, including fire, for which Lender requires insurance.
<br />This Insurance shall be maintained in the amounts and for the period% that Lender requires. Borrower shall also insure all
<br />Improvements on the Property. whether now in existence or subsequently erected, against loss by floods to the extent required by
<br />the Secretary. All insurance shall be carried with companks approved by Lender. The insurance policies and any renewals shall
<br />be held by Leader and shall include loss payable clauses in favor of, and in a form acceptable to, Lender.
<br />In thee event of loss. Borrower shall give Lender immediate notice by mail. lender may make proof of loss if not made prompt •
<br />ly by Skmowcr. Each insurance company concerned is hereby authorized and directed to make payment for such loss directly to
<br />Lender. instead of to Borrower and to Lender jointly. All or any part tit the insurance proceeds may be applied by Lender, at its
<br />option, either (a) to the reduction of the indebtedness under the Now and this Security Instrument, first to any delinquent
<br />amounts applied in the order in Paragraph ), and then to prepayment I)( principal, or (b) to the restoration or repair of the
<br />damaged property. Any application of the proceeds to the principal shall not extend car postpone the due date of the monthly
<br />payments which are referred to in Paragraph 2, tar change the amount of %uch payments. Any excess insurance proceeds over an
<br />amount required to pay all outstanding indebtedness under the Name and this Security Instrument shall be paid to the entity legal-
<br />ly entitled thereto.
<br />In the event of foreclosure of this Security Instrument or either transfer of title to the Property that extinguishes the in.
<br />debtedness. all right, tale and interest of Hatirowet in and to Inurance pollims In force ►hall pass to the purchaser.
<br />S. Pnonatlow sad Mebsteeaaee of Ilse Property. I.easehOW. Iorrower %hall not commit waste or destroy, damage or
<br />substantially change the Property or allow the Properly to deleriorate, Ieavitnahle vicar and tear excepted. Lender may inspect
<br />the property if the property is vacant or abandoned air the loan is set default. 1 ender may take rea%nm able action to protect and
<br />preserve such vacant or abandoned properly. 111111% Serums lustlumtnt 1% stn a Iea%ehold. Ilorrower shall comply with the provi-
<br />sions of The lease. If Iorrower acquire% fee title to the Proretlty, the leasehold and lee title shall not he merged union Lender
<br />agrees to the merger to w /Meng
<br />i. Ciatttee ea Ywauwer ale Protection of Leader'% Rialles is 1M Prapetsy. Ilaillower %hall pay all governmental or municipal
<br />charges, fines and impousrons that are nut Included In 1'atapuph: Ihfarowrr ,hill psi the +e ttldsaanons stn time directly to the
<br />entity which Is owed she payment. If failure 141 oav would adtri %cI% ills t 1 cadet'% uoerol In the Ptupttly, upon Lender's re-
<br />quest Bestrolt%'r chaff pcumptly lutns%h to I ender rr.elpTs ruirn.rlr Ihc%c payments.
<br />If Hisrtoser fads tomake These payments ill the paylocolk requttcd by 1'YtalltYl,h 2, to lads at perform aot other covenants and
<br />aSciecor mis contained in this Security IntNnurent, of their @% as Irtal plowteding that "lay %tamticanllp Mato (.ender'% righh In
<br />the properayl'w itas a proceeding in hankngtcv, fill . oudenntau"a ill at rnloltc Idwt tar traul%uon%), then 1 endtr may doand
<br />pay whatever rs necessary to protect the %elite sal the Patten► died 1 014191', 1111111% ill the 11ropeay. ►ncfudlno payment of taxes.
<br />hazard inurusce and other rem% mentioned ill 1'utayldph 2
<br />Any amounts dishutwd by lender uodrl IhI% 11010014ph %hall list untr Jas ttOttnlllnal vent m horrowel anti i.c %ccurtti its rim
<br />Security Instrument. these amounl% %limit (Mal fillers %l Irani lite dale set thtltulernsrnt. it the Note rule, and at the option of
<br />Lender, shall he lmmedlately due and puyahlr
<br />'f. Coidealaatios. the proceed %tit any award tar %lams 101 danraart, duV,I Ill e,tlltrtitll1111Y1, nl e- tnlnc%uon with any rotnticm•
<br />nation or other taking of any part of the PtolKlIV, tar tell sonar► ante tl 111411 t 41 ittndco a sisoo. are helth% thvgncd and %hall he
<br />paid to Lender to the extent u) the lull anunon ill flit Indclllednrt% that rcmalm unpaid under the Note and This %evunty Instru•
<br />ment. lender shallapply such pitceed%its the tedmuou tit flit mdrttlednr%% nndn the Nuts Ind Ihl% %meal% In%runtrnt, ant its
<br />any delinquent amounts applied in the order pio%Idcd sit Pacaatdph t, dad three sit Inepvslne"I of Itnnupol An► .spp11canon tit
<br />the proceeds to the principal shell near extend set ptNptlne the due dYlr 411 the tntnithlt ltdsmeul%. 1411101 err Irecrrrd to all
<br />Paragraph 2, or change the amount of %uth payment% Maw its eat pttt,trd% o%rl sun rinamolt te,porc,l at pars ell out %wittlmw to
<br />debtedllns under the Note and this %ccutey lotlrunleeu %I11411 he 114111 Its the t falls % Irirdlh vnattcd usrseto
<br />g. Pets. 1 ender may collect Ices and chslppet aulborred Its the reticldr►
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