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<br /> � • � • � .'1�0�f�R'.WtlH �11 �e impcarm�ts no+iv.ar`bae�fler eoected� oo the pc�oRe�t�r..�id alt easameats.. tir�IS.`� ,
<br /> ' „ppaeldmnoes.,amr�,royalrias,a�naal,a►�aoa��aba�cv!'Ua.�ta ri�hts ina stad�ana an��now or fi�r�dlet a� �..
<br /> . pact of d�e pcgpe�ty�.Ati t�e�la�a�ts.md addaionc sl�ll a{so be aovaai by this Se�ity I�m�rnt-Ail'Qf the fore�ai��s'� ` -
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<br /> ' ` ` �OR�01�1�,COVENAK1rJ t6�BOI�ORrE[IS�3Lwflll��t SdSbd O�1Lt CS�C 11E1�Gby CDfNCyad�ld�S fbt tl$11t W�!ltlt�Od .
<br /> -- r' �YC�-i��1��flE tSG.�lO�EA,�t IS.W1dIL7tIR�.tAOC�t f0[�pl�l��IOOQid._$DiIOPYCf W�[f�qfS�i��t .
<br /> � dSfe�!genra�lly,the 6tk to d�e P�opaty�at[ctaurs aad dem�nds,subjed to aay a�nDraaoes of ncord.,` � . , ,
<br /> ,l.rl�y�aK or Rbrcip�l,r.r�ai a.a I.ate char�e.i9an+a�rer sba[1 pay w�n a�e tbe priuc;p�}of.an6�aa�.tliee ` "
<br /> ' ddic e�rida�oed t�y�be Naemd l�te cl�es doe nnder tLe lrTate.' .. ' `. - : .. . , "
<br /> 2. Fi9saL4 u[Ta�, b�r�aoe ald ilther Clr�es`. Bartower sh�all incinde in ieac6 monthlY WY�• °.
<br /> tugaha�prircipai aM�.ci as set fordt in iTx Natc aad any latt eba�ges,an iaua[lment of aay(a)taxes aed spaCiat
<br /> �nteu[s levied or to be levieii.agai�st.the Propert!'. (b) Ipsebold paymtau or.gram� rents on ttie Per�perty. and(c� `� '
<br /> ptrattitu�a for irssu�ct mjuirod b9�ara�h 4. . . • ` . � :. .
<br /> �ch nbonthty i�taUment for itans ta),(b).�and(c)s6alt c�qual ono-tvvelftfi�f the annwll amonnu,as reasos�bly estim�ted `
<br /> . by Lender.l�lus aa�nou�s�cieat to�n an additional bafanoe of aot morC tbat►one-si�h of tl�e c�timafed amoaMS.'Cbe <
<br /> — , fuU annuat aa�amt t"or ad� itan shatl be'aoammtatad 6Y I,ender within a period euding bne month btfarg an itan would
<br /> bp�ome delit�pn�. I.eode��all'liold�1he �� aslle�ded in tttttt to�paj► itans,la?, (b),.and (c) before ttreg 6eeunie
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<br /> If at atry time tbe wtai af the pa}m�ents 6eW by l.endcr for items (a). (b).and(c). toge�her with ti�e fiidtte monthly
<br /> paymerrts for sucb items payable w Lender prior W the duc dates of such items.exooeds by more than ore-sixth tl�estiruated
<br /> —__ mnount of f�aYment's s+eqnired w pey�etr items wfien due.�d if payments o�d�e Note arc current.tl�en t,ender sha11 eitder. . -
<br /> — . reiimd the excess rner one-sixth of ti�e esqmartea payments or credn the excess over one-sixth of the estimated paymenu w
<br /> _ subsequeut payments by Borrower.at the optton of Bor�ower.If thc totat of the payrr�ents made by Bornnwer for item(a).(b),
<br /> ------ -- or(c) is insuffaem w pay the item when due. the�1 Borrowgr s6aI1 pay to Lender a�ry amount nc�xssary to maice up the ' =--
<br /> � de�CCiency ou or before the date tde item becomes due. ' . _-
<br /> - � As used in this Se�iriry Insuument, "Secraary"rt�eans the Seccrtary of Housing and Urban Devetopment or his or her
<br /> ' desigaec.In any yeac in which ttie I,ender must pay a mortgage insurance premium to the Secretary.each monthlY FaY�
<br /> - shul{atso include either:(i)an inst�itmettt of the annual mortgage iasuwnce pr�muun W be paiA Isy LeMer ta tbe Sec�etary.or.
<br /> - (ii) a monthljr charge instead of a mortgage insuranoe premium if thls Serurity Instmment is held by the 3e�etary. Fach --_
<br /> , momhly i�utalhnent of th�n�rtgage insurance premium shall be in an amount sufficient to accumulate the full annua!mortgage -
<br /> � � �:,`-.� -°_—
<br /> -•.�,� ic�surarxe premium with l.ender one month yrior to the date the fuU annual mortgage insuranee premium is due to the Secretary. �-----
<br /> � ���� - ar if this Security Tnsti�ument is i�eld by the Secretary, each momhly charge shall be in an amount equal w one-twelfth of '�'"�`�`�°'
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<br /> - +��� � ot�-half trent of the outstar�di rinci balancc due an the Note. ' ' ."7ti'=�*'--
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<br /> . If Borrawer tende�s to l,erder the fult payment af all s!�mc secu�d by this Security Instrument.Borrawer s accaunt sha!! �'=�r"'�-��"=
<br /> be credited with the balance remaining for all i�tallments for items(a). (b). a�(c)and any martgage insurance premium ���`'��='`-�-
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<br /> � installment that Lender hag not become obli ated to to the Secreta ar�d l.ender shatl ra 1 refund an ezcesc funds to °���-;-`-- _
<br /> '.:� S PaY �!'• P �M Y Y � ��`"_�.�'
<br /> �;`�n'. Borrower. Immediately prior to a fareclosure rale af the Property ar ics acquisftion by L.ender. Barrower s acrnunt shall tic _ _:,�,_
<br /> -' credited aith ar�y balatue remaining for aN installmenu for.items(a).(bl.and�c). - ."�=�,°�:
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<br /> `"- '• 3.Applkation of Plwyments.A!!payments under paragraphs 1 and 2 shall be applied by Lender as 1'oltows: ,�.
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<br /> .. 'i".�' • �irst.to the mortgage insurance premium tn be paid by Lender to the Secretary��r to the monthly charge by the Serretary � �" '�-s�'�-
<br />_ `�'-• ' ` instead of the monthly mortgage in.wrance ptemiutp: . � � -_;�=
<br /> �`'� �� Seoot�d.to arry taxes,special assessmentc,leacehold payments or gtound vents,und f rc,fla+d attd uther haiard insurattce • '
<br /> -4�3-' premiutns.av re�uired: . � . ,.�'.
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<br /> . ; Third.w interest due wutcr the Nate: �.....� .: :
<br /> �5�;-�-� Fovrth.to amortization�f the principul af the Nate: -
<br /> {:�- . Fifth.to late charges due under the Note. , " � .
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