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<br /> � . �'��111 tbQ �S�OOM Of'�C! u1qCfOd �fll thC��[�t. 111d�� tiSpDGBtS�. Ii�f,, `
<br /> ' app�oq�noe�,�its,myattiGS.�:o���od�S ii�s�nd pm�5ts.warer rig6ts aod stocic and`afl t�lures'nm�r or 6diaf�a x.
<br /> ` .prcc af�he piopercy.Alt zeplaoemmts and sddisi�ns.sL�[t atso bf tiave�ed by this`Socericy I�.IUl of lhe forc�oing,is
<br /> � •ts�ed tn in this Secpaty`lasic+�mee�as'tfie"Pmpe�y.' . _ . � � � • ,- '
<br /> . < < _
<br /> . . � .
<br /> � HORRUWER C�OVENAN7S tLat Bonovvu is TawfWty sased of�the e.shte fiete6y coaveYed and 4�as,the rigilt to�and
<br /> .. �rliE-t��m��ty�d th�t t��is�.exce�.fa�e.ncu�es_bf rerard. BpisavKe�-waRa�s-s�ad�riQ ,_
<br /> ��S�Y�e tide Wthe Fri�ecty sgainst aIt cJai�is�dem�ds,sa6ject to swy��f r000nd. . ' . .
<br /> � .. . , , • � �
<br /> . .. !.il�ymat at fl�iedp�l,L�e�st,a�d Iete Clnese Bornnw�r st�all pay�vhen due tbe princi�xl bf,and interest on.the
<br /> ° ,�debt evidmced by tis�Natc aod late c6�iges�te order t6�Note.. , • - , . ' �� �
<br /> . . . . �. , , : . . � .
<br /> � . • .
<br /> , .2.MaatYy Nt��e�ts d Tat�s,�I�,��oe s�d Otber C�acaes. Bonawer s6al!�iaclude in eac6 moath[y•gayment,,
<br /> iogaher widt tbc pri�,ip�l smd iute�est�set fortb m the Hatc a�d�y late cl�ges.an instaiftt�ept of aay ta)t�xes and speci�l
<br /> asse�ts le+ried or w be kvidf s�gait�st tt�e 4'rq�ert�r,(h?leas�Mld.pay�utc or gromd rents on the Propaty.�t1 (c)`
<br /> � p�emiums far i�n�oe re4!�tiY P�Pf►4• ` , � , • , ' .
<br /> Lac6 momhly u�uaUmeat f.or items!��(b),,and lc)sdall equal�ono-twdfth of tLe a�uwa!amounts.as�nably eswpated , .<
<br /> � •b�r.i.cnder,plus aa arnaaat�cieat w maia�ia�additiaoal balanat of not more than one-sixth of t!��ted amows�s.Tbe
<br /> fiill ��amou� for exJt item sdaU 6e aacurrailated by Lender within a paiod eiding,oae momh be�'on an item woald .
<br /> - — . , bxnm�e detinqaettt. LeMtr si�U bold d�e.amounis ooUecterd`-ia Kust to pay item� {a). (b�, �d tc) befine tht.y bav�
<br /> _ delinqubtR. . , . ' .� ` . . . ,
<br />= If at a�ry titue the tota} of the payaie�rts�heTd�by L.ender for items(a}� (b). and(c),tagether wiW tlse fiitune monthty
<br /> - ppyments for such iteemg payable w l,edder prior to t6e dae dates of such items.a�ce�ds by mo�e than arn-sixth the estimaoe�
<br />'_= amonM�f payinents rieqnirrd to pay s�ech items wtxrt deie.and if paymrnts orr the Not�an wrre�.then�sfm11 either =
<br /> n�fand the eaoess over otie-si�th of the estimated payme�►ts or ciedit the exoess over ane-sixth of the estimated paya�ents to
<br />- sabsequeat payme4ts by Bomnwer,at the option of Borrnwer.-If the tofal of the payments made by Borrower for item(a),(b). �
<br />,.--�� • or(c) is insufficient w pay the ium when due, then Bomawer shall pay to Lender any arnount noc�ary ta a�ake_up tl�e
<br /> - defic�gmcy on or befone the date t6e ioem�dae. . � . . .
<br />-_ � � As usei!in this Securiry Insuument. "Secretary"'means the Secretary of Hausing and 1lrban ikwelopment or his or her
<br />- designx.W aay year in which tbe I.ender awst pay a mortgage iacuran��e preaaurn w the Se�tary,.eacb moruhtY PaY�. •.
<br />- ' sAatl atso include ei[her.(i?an irtqtatimenc of the annuai mortgage insurarwe premium to be paid bx Lendcr to i1�Secretnry.or
<br /> _ ' (�i) a monthly charge instead of a mongage insuranoe premium if this Securiry lasuument is held by.tfie Seccetary. Each .
<br /> .monihly instaitment of the mortgage insurance pnmium shall be in an amoant suffcient to accumnlatg the full annuaf mortgage
<br /> : insarance premium with l.ender one momb prior fo ttie date the ful!annua{mortgage insura�e pnmium is due to the Secr�aey+. _
<br /> -
<br /> - or if this Se�urity Inst�ment is held by the Secretary. each monthly charge shafl be in an mrtoant eqaal to ane-twelfth of =--
<br /> ' '�`�. . one-half per�ent of the outstandirtg primipal balaxe due an[he Note. . �;�"�
<br /> �:M_=-
<br /> If Horrower tenders to Lencter the full payment af all sums secured by this Secnrity Instrument.Bornnwer's ace�mn sha11 ,f 1 y`,Y
<br /> = be creditod with the balanoe remaining foi all instaflmen�s for iterns(a). (b). and (c)and any mortgage insurance�remium ;�'`:�`�_°
<br /> • installment that Le�er has nat beoame abljgated ta pay to the Secrelary,artd Lender shall pmmptly refund any eaoess funds to • ' �'-����
<br />_ ;:�:�, , ; '. � .
<br /> �,� $orrower. Immediately prior to a fareclosure sale of the PropeRy ar its acyuisitian by l.ender. Borrower's account shalt be �:r'�•.::�.-
<br />_..�• �`-�:�: credit�d with arry balan�remairting for ail imtaliments for items(af.(b1.and(c). �. _
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<br /> r� ;i�' �� 3.A icWbn otPs► ments.Ali � .;_. -
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<br /> ppl y paymen�.under paragraphs 1 anc12 shati be applied by I.cnder as foilows: r•
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<br />_ _ First,to the m►�rtsage insvrnnae premium to be paid by l.ender to ttte$ecrctary or to thc manthly charge by.the Secrttary '�x,.s�.
<br /> - -; - - �� instcad of the monthly mortgage insurancc premium: : ;,=;:,
<br /> � _ Secor�d.ta su�y wxes.�cpecial�sessmentc,leaSelu�ld payment,r�+r grou�rentti.and fire,flu�d and other hazard insurance •
<br /> . - ��`':i=• premiums.�s required: � , , -
<br /> � ,�.� � : ', � Third.to inter�t due under the Note:
<br /> s• • Fourth.tv amortization nf thc principal of the Note: , ;.` � �
<br /> � �;�t'� Fifth,to late chatges due under the Nute. � , :
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