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<br /> TQOB7'HBR W1TH vl tbe impravemenb nox or haatter areotad on the prop�rty��nd+il aMmant�,d�,
<br /> appurtaaqoe�,roata roY+�tia�,mivanl,oil and�r d�Ms aad praflt�,p�ta��1�hd a�d ROaok and dl t�riura now a . .
<br /> . Irena�her�prt af the propercy.All roplaoernents and�ddido��tuil da be oov�d by thi�800utity 1raRnnn�at.liil�ot .
<br /> tiM iaeqpota,�i�refa�rod m ia thi�S�owiqr le�um�ot�s tbs"Feop�rty." ' ' '
<br /> - � BORROR►SR OOVBNAM"3 that Bot-��wae I�Irwtulfy�iwd ot tl�e�te heiaby wnvayed�ni d iu�tha ei�bt to �
<br /> -_— �nt and oonvey the Property md th�t the PU+nperty i� unenevmberod�emePt for e�cumbranoes ai reaoe+d. Bon�uwer
<br /> _-�-�-----=--`� �►arants aad�►ill delad�enerally tbe dNe�o the Proporty a�aia�t all ol�ina�nd da�,ab to
<br /> -� ot oeoa�d. jeat aU►a�aumb�no�e�
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<br /> _- 1.Payment of Prl�cip�l.Intorest and Lste Chu�e.Borrower�II p�y ahen due tbe prinaip�i ot.u�d inw�a�t
<br /> � oA,the debt evidared by tho Note aad ts�eclWr�ae due ur�de�the Note.
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<br /> ---° -- _=-:=.� a. Nonihly Paynwnts ot"i'uas. Dn�arance �nd Other Char�es. Borroaer aiall include ie each maathly
<br /> �� pyment,to�etl�a'�rith the principil md inurest as set tartl�in the Note and�r I�te chu�ea.m i�tdlmont d aqy(a)
<br /> — tame�nd specid�mente Ievlod or to be levied s�in�st the Pbpa�ty.(b)le�eo6old pymen�or or�ow�d r�ats aa tl�e
<br /> . PropartY.and(cI P�iuma IW int�uanoe roquined by p�r�p�aph 4.
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<br />�'y� � Bach monthly in�tallment tor i�ems Ia).Ib).and(c)siull aqwl rna-twelith of the aru►usl#mounts.#a rasooably
<br /> -��� eatlasatcd hq I.c�dtr. plus an�mavnt sutflcl�t to i�ntain w��iditio�i b�nrs ai n.�t nore tt�a��e-s�sth af ttu
<br />_� ��; � � -�`� � _ esdmated amow�.Tha tuCt�au�u�l�mount foc ac�u ivem shsll be uxumulstod by i.endar wlthin a�nicr�J endin�a�e
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<br /> ;��'� � • month betare sn item Nou�d�oo�q delin�y�et►�i�sh�U hdd tbe smounta colketed ia tn�se to p�y itame IaI�(bI�
<br />-ti+�"� s�,���� aad(c)betore they beoome daYi�uxn�. ,
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<br /> '-,,` ° .. I�at any tima the wt�l of the payments�hefal t�y Le��er tor items(a)�(bI.�nd(e).to�ether wjth the futuro montlnUy
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<br /> '��`'�"� � �� '�"� piymente tor euoh items pa}�able to[�►der prior t�t15,e due dates of such items,exceeds by maro than one'sixth t�ae
<br />`��;;;� °,'�°``" ' "� esdmated amount ot pymente roquired to paY such ia�ms ahen due, and if paymente on the Nota aro current,tben
<br /> �` 'r, �' • �1, �''r� La�der eh�ll either retund the oxoess over one siMh ot the estimated payments or credit the cu�eas over one-s�xth o[tfie
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<br /> �� '('�a{�*�'•����; a�dmated payments to au uent ymanta by$orrower,at the opdon o!Borrower.Ii the t�w1 ot the payments made
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<br /> r,:r,���.>, .�': ..��.,�� by BorroMer for itam (a), (b)�or(a)is insutitaiant W PaY the itam when due,then Borro�cer ahell PaY to l.ender any
<br />`���1 ' r•'�� � amount na�asary w make up the deticiency an o�betare the date the item beeamas duo.
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<br /> `' �'�"��' ���+��:`��: -�+,;r> As used in this Security Inetrument, Sec�»tuy mwis the Sxretuy of Housing and U�ban Development or his or
<br /> �`•';l�� �� `''"�°' '''' � her desi�ee.Ite amy year in which the L.eaaJ�er must psy a mortg,ege insurance premium to the S•ecretuy�esch monthly
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<br /> ,,�s�.. .;���t��1,,,'�,,,Y .. W9ment shall ulsx�include eithet:(i)an�n�tallment of the�nnw�mortgage inAUrance pn±mi��rr! to�peid by Lendet to
<br /> ""'���� �"� '���T theSecro or(ii)a monthl char instead ot a mort a ineuronce remium if this Securit Instrumentie held b the
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<br /> - ;��r*n,:s-'_,.. < ',' Saretuy.F.�ch monthly installment oP the mortgega insurence premium shell ba in an�mount sutticient to uxumulate
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<br /> '��:.. �}"•a', � ��y, the[ull a�nu�l mortga�e insurance Emmium with Lender one month prior to the date the[ull annual mortgage insurance
<br /> � '�"�r, �� '��` �'��� Emmium is due to the Secretary,or it this Security Instrument ia held by the Secretery,each monthly chu�e sh�ll bo in
<br /> = ""`"""'';�;'�``••'�"�'- an�mount eqwl to one'tweltth of one'halt perant ot the outstandinE principal balance due on tOaE Note.
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<br /> - `�� f ' �'''"'f�!'tkc t.��'.'r It Borrower tendera to Lender the full paymrnt ot al I eums secured by this Security Instrua�ent.Horrower's account
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<br /> :!C-� � �,�. ,.: shdl be crodited with the balance rem�ining for sll installments tor items(a),(b),and(c)and a�y mortgage�insurance -
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<br /> '�. .�•::.,�.,.. ,I' ga paY to the Secrotary,aad Ixncl�r st�all promptly rcfund
<br /> J��r '�•`•"'?" promium in9tallmellt that D.ender hes not become obli ted to
<br /> `' =='�' "''' �� • eny ea�tunz]s w Horrower. Immediatety prior to a foreclosure sale of the Property or i�ts ucquiaition by �.ender,
<br /> ��'' •�R?,�°;�:. ...N�� Horrower's acc�nun�slwll be credited with any b�lance remunin�tor pll instsllments 1or items(a�,�bl,and(c). -
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<br />; ��-.i- ':`�, 3.Application ot Fa�•ments.All paymente under p�ra�rephs 1 and 2 shall be appliod by Lender as fvid�w�
<br /> y�^ '�'' � First,to the mortgsge insurance premium to be paid by Lender to the Secretery or to t�e monthly char�e by the
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<br /> R���_, :�:�•.' �;.�'�• Secroury instead of the monthly mort�age insurance premiurn;
<br /> ,rJ. ' . ,. Sxond.to any teYes,speci�l assessmente, leasehold paymenta or�round rents, and tire�qood ateci ot3�er luzard
<br />, ° isiwrance premiums,as required;
<br />:.��� • �r,. ,�t•�-�,4 Third,w interoatdue under the Note;
<br />'��� '• � ��'"'` Foucth,to amortiution oi the princapni ot the Note;
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<br /> ��- `,�;���k'',y::.� ,'.�I.'. F ti�i,-w latechar�es due under the:`ote. _
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