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<br /> 1`: ,. � � BQRROVVIER CQVBNANTS thot Eomawer !s lawfhlly setsed of thc cstate hcrcby c�n�veyed nnd has the rlaht ro �"e:,.
<br />� ° Grant nnd co�vey tke Froperry t�d that the Propeny ie uncncwnbcrcd. exc�pt foc encumbrunccs of record. �orro�ver P:�';,:_
<br /> ° "' wurrnnts und wllldefend Benerally the tiUe to the Propeny agalnse all cluim.v and demnnda, subJect to nny encumbmnces ,
<br /> �+ry.�.
<br /> Of tCCOid. �."� �
<br /> ° TH1S SE�iJAI'CY 1NSfFtUMENT wmbines aniform covenante far nntlonal use nnd non•unifnrnt covenantfl wlth t � .
<br /> . � limited vnrlatlana byJ�ulsdictioa to consdtute a uniform secudty Instnunent Covering �eui property. 6�=�--
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<br /> ,;i t1NlFORM COVBNANTS. Borrower nnd Lender covennat and agree as tollows: �,.-
<br /> � � � 1. Pnymeut oY P�nincipsl. Interest am1 Lato CUa�e• Bfln°`Ne• sball pay when due the pdactpui of,and{nterest
<br /> i%*�`"� on,We debt evid�nced by the Note and lute ch�rgeg due under the Note. �-����
<br /> '..'°•:�.+.�� 2. Mant6ly Paymceut of Taxes.lnmuanee.
<br /> and qher (�argES, Borrower shall iaclude in each montbly payraent, f� -
<br /> together with the principal and iaterest ns set fa�b in the Note aad nny lAte chnrQes,a sum for(a) tnxes nad speclat k�`"-
<br /> essessmeats leviod or Yo be levied against the PtopeKy. @) letisehold puyments or ground ceate on the Progerty, and ■__
<br />' '�; (c)prem[ums for lasurauce required weder purngrnph 4. la aay year �n wblch the l.cader must puy a mortgage _
<br /> f ineurance premium to the Secretnry of Housing and Urbun Development ('Secretary").or in any year in a+btch such _
<br /> premium would hs�ve aeen requi�+ed if L�nder still held the Securlcy Tnsmunent. each monthly payntent shnll also �
<br /> " +'` include elther: (i) a sum for We annual mortgage insurai►ce premium to be patd by Lender to the Secretary.or(if)n _^
<br /> moaWly charge laste3,d of a mortgoge Insurance premtun► if this S�curlty Insuument la held by the Serretary. in u _ -
<br />?� „ �- � ceasonable emount to be determiued by the Secretary. Except for the monthly charp�e by the Secretary,these ��ems
<br /> . . sue cpltc�l 'Esscow items'and ttte sua�psid 4o Lendes are�+11ed"k?scr°�y��5." ate mmount not to e�cceed the -
<br /> 5.�,:;�, ;;„;.� Lender u�y�at uay time�collect und hold aazouats for Escmw Items in tsa a�gr�e� W
<br /> armximum wnouat that may be requlred for Borrower's escmw aarouat under the Rcal Fstnte Settleme�►t Proce�w�s
<br /> t,;;.�,;;.�. : , Act of 1974�l2 U.S.C.§2�01 et sea.and imple�nenting regulations. 24 CFR Paa 3500.as they may bc�unende� from _
<br /> r.•T TMt`, . time to time ("R.ESPA").�scept tttat ttte cushton or reserve permttted by ttFSPA for uaenticiputed disburs�ta or _
<br /> .��;�..�;_�: � dlsbuisements beforc the 8orrower's payments are available ia the�count may not be basest on anaoutrta due for the �
<br /> ,:.� . _ mortgabe insurance premium.
<br /> :��q��., If ttte aa�unte beld by Lender fi�:Fsccow Ytetas ea�ceed the i�raounts Pemiitted to i�held by RESPA,I.eader ehall
<br /> �a;�,,,,*"''. , uaount to Borrower for the eaccess li�nds as requirc�l by RESPA. If the amounts mf tt�nds held by Lender at uay ttme
<br />-�,;;,�#"; zuc aot sufflcient to pay the Escrow Items whea due, Leader may aodfy trie�Tamower and requlre Burm�vsr to make
<br />_-=_> up the s�or&�;e as perYUitted by RBSPA.
<br /> -¢`;`�''"°--—�—�° 'i��.^��Fua�src gls�gM es��tMnn1 security for aU sums secured by this Security 9�esmimQnt. If 8orrower ,
<br />�'�-`i��� �s tende�s to.➢1e�n�ter the Hill payraent of e11 such sums,Rorrower's axouat s�aU be credited w(tC�the balaase remainiu8
<br />�c�;;��;�.� for uU iastaUmPnt ir�m.9(a�.(b)►and(c)and eny mortgage insuranc� pmmiwn i,n�ent tliat Lender h�s�ot become
<br /> :�f����`7t- - obligated to pay to Ute Sr,et�t&ry. and Lender shaU promptly refuAd euy excesS P�'��t°Borrower. I�amsd�.atoly prlor
<br /> -�--=""""""� to a fareclasure sAle of We Property dr its acquiafti4n by Ixnder.Borrower's a�ounl sha11 be credited w1tA wnY bala�ace
<br /> R,----_--�'"'"° rep�aining for all installmente for it�rx� (a). N),and (c).
<br />-�----��.-�� 3. A��1p�tlon of Paymwts. All paytuenta under paragraphs 1 and 2 shall be epplied ��t�Ad�r as followa:
<br /> _�,.,,-=_�� �,S'�� w the mortgage iasaranee prEmium w b�s pald by Le�►der w the Sc�cretary or w the montWy cla3rge by tha
<br /> "��`-�"41!� Secretary instead of tke uionthly mortgage insuranoe pmmi�wn:
<br />��,�,�� SE O 1�, w any teaes.xpeclat a-RSrssmente� leasehoid paymeat� or gmuttd rents, and fire�flood and eix7�et ht�ard
<br /> �--W - -- - insuraun� �remiums� a9 required:
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