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<br /> ` 1�EiE�ER wCfH ai! me �impmvm�s ,wiv o� haeaRa,aecoea ai me �mperty. anu.Au �. p$�s,
<br /> '. ` appmten�oes.t+d�,ioYalti�s.minetal,o�•aad g�s�iigLts and�+nS3s,water rigbts�d stack a�all fixuues mw or hen�fter a , .
<br /> . � . pf�t,o�tl�a pmp�ty.A!!n�iooemr�t's�d addinons s1�a1�aLsn�ooYemd by this Se�it}t I�um�L A!i bf tLe fol�ego�ng is : �' c
<br /> ,<�i!'trnd w m tbns Secority Insuomeat ac�the"P�opaty.,,; • . ; ,
<br /> ._ � �BOR1tO�YF.[t CbYENAN7'S_that Hotinvver islawfiilly seised_af the�hereb�r sony�yM and!r�tbe�ightto grant and ._
<br /> ooavey the Pmpe�r a�d i6at the Pmpeny is`t�d,e�coept for enwmbr�oes of re�utd:Bumower�and w�l -
<br /> defeadga�erilly.tbetitic w tbe Prop�rty agaiast all tlai�ns and demands,sabjo�tQaayr eaa,vrnbranoc.c of c000rd. ' . �
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<br /> ' s.�y,�a�e�t rr�aQ.f.IpterdR aad L�e C.��Honuwa shatl pay wba�due the-prn�cip�1 of,�na�ce�esc on.i�e
<br /> : debt eviilenced by t6e Nde agd li�e�ges dae under du Note. . " • �
<br /> � Z. MoalTit� Pa'y�awts d Ta�oes, Ia�oraace aa�Otrer C6u�es. Boez+riwer sha11 ;nclude m eaci�maniily paya�art, � .
<br /> togetber�vith die principsl tud ituerrst as set fortL in t6e Note and a�ry late d�gcs.an ittst�ilment of�►y(a)taxes and spxial
<br /> �i�vhea or co be taviea agau�t da Pmp�ny, ro) tea�trota �yd�or giomtd c�ts on tbe Piupe,rty. and tc) �
<br /> prtmiutes for i�t�nae taNitr+d bY P�S�►4- _ . . �
<br /> . F�ch moat6ly imwllment for items ta).(b),and(c)s6all equal ono-twelfth vf the aonnal a�nounts,as rrason�bly estiaiated
<br /> . by L.ender.plas au mnairu suffiaent W mairaairi an addtioaal balanoe of not m�e tl�aa ono-sixth of tita�o0 aaaqnts.The
<br /> tuH aauxrai amonru for each item �aii be aacanmlaaed b�t I.ender witfun a period ading or�e tnond� heforr aa,item vrooEd .
<br /> ba�oma delinqnayt. lrea�der sixett boW tAe nmowMs ooltaxed in aust to pay items (a), (b). wd(c3 bePore they bedame
<br /> • deljnqi�ent, ' - .
<br /> if at any time the.wtal of the payments held by l.ender fot itetna (a� `(b).and (c).tagdher with du fuwce montltty. . .
<br /> - paymeets fotsuch items payabk tai.ender p�ior to the due dates of such items,e�cceeds hy mo�e tt�onasixtl�thcestinwted
<br /> — -_ --- afinount of payqronu�quired to pay such itans when due.ard if paymehts on the Note an cument.t6en Lender shall either
<br /> - refun�the exces4 aver onq�sixth�g the estima4ed PaYmena or cr�dit dbe e�ttoes4 over on�sixth af the es4mated paymarts w� . .
<br />--� — _ �PaY��hy Bormwer:at the opdon af Borrower.If the wtal of the pmymeMS madei�y Borrower for item ta),(b).
<br /> — -_ � or(ey is insu�'f'ic�e�u to pay the item whea due, then Borrower slralt pay to Lendec a�ry amourt npoessary to ivalca ap the
<br />_ deficia�cy on or befon the date the item becomes dne. .
<br />_ ----- As usod in this Security Inurnmem. .•Socrctary,•means the Se�tary of Hrnu�ing ard Urban Devefopme�N or his or her
<br /> ___��� desigoee. In auy YaF in which the L.eader miut pay a mortgage insarair�e p�n w the Secnetary.exh mw�ty p�ynnax .
<br /> - -- -- sha�l�Iso include either.,(i)an iastalfinem of the annual mortgage insurance premium to be paid by L�en�kr to the Socrerary:or
<br /> ---�--.�--- �i) a rtwnthly charge instead of a mortgage insumnce pneinium if this Security Insvument is held by tbe Se�etary. Each
<br />'�� ' ~� montlily im.tallmcnt ofthe mortgage insurance premium shall be in an amount suft"uient to accumulate the futl annual mortg,�ge „
<br /> -�� insurance premium with Lender one month pdor to the date the fu11 annual mortgage insurarpe ptemium is due to the Secretary �
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<br /> 4; • or if tttis Security In.gtrume�t is held by the Secretary. eacb monthly charge shall be in an�amount eqnal w orje-twelftt� of
<br /> _ ---- • aae-lntf pmxnt of the ouutanding principal balance dae on the Note.
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<br />{� _ — �If Hormwer tenders to l.ender the full payment of a11�ums secured by this Security Instrument.Borrower's aoauunt shaU —
<br /> � be�tod with the balance remaining for aU installments for itemc(ay. (b), and(c)and any martgage insuranc�e prardum • -
<br /> `� instaltment that I.ender has noi bocame obtigated ta pay to the Secr+etary.and t,cndcr shall pr�mptly refliad atry excess.fw�ds to -
<br />_ .,. Bormwer. Immodiatety prior la n foreclo.wm!uile uf the Property or its:nyui,ition hy Lcrtdcr. Borrawer's aocount shap be —
<br /> x cndited with any balance remnining for all imtallment�for itemw Ivl.tt+l.and(c1. , —
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<br /> -7ti •r 3.ApplipUionof Pyymenty.AII paytttcntc undcr pamgrapfi� I ancf 2.rhafl hc•rpplicd by l,cndcr u�f�ttRws: . �-
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<br /> �:-"', ' First.to tfie mortgagc in�unuk�c prcmium t�►be paid by l<'ntlrr u+thc 4ecrel:�ry��r tu the��mthly ebargc by tfie Secrctary E`
<br /> ?�M�.'` instaad of thc mr+nthly iix��gagc insurunrc prcmium: r
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<br />-_ � . Second.to any laxes.�pecia!sn.es.rments.learehold irayment�nr�;u►und rrnts.und fim.A�Mx!and cNher lwi.�r�!insur�anee
<br /> -.�.,°�• premiums.av required: �
<br /> ��'V- • Third.to interest due undcr the Note:
<br /> '{�;»� Farrth.to amottizatlon of the principal of the Note: °
<br /> ��'� Fifth.to fate charges dne nnder thc Note. � . E
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