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<br /> � •'j�.R �('('}j !� tbC �IW� 114M O�,�IC!l�kf C!'lCIO{� OQ Iti6 p10p!'!ly � � �C�is �►- , '
<br /> ' �r�f.l�fi�f�+m111G[vs Ol�i�SiS tlj�i�p[�O�f.1Y�Cf ti��l{!�iSQCt�Wl�7[trlti OOM Ot�Ci i `" �.
<br /> .' pit of the p�patY.;All eepi�oa�lsad aidditiom ai�ltatso 6t oavaad by.�is SQC�ty-fr�tru�ent. At!af-t8e_[oe±e�oies=ia� -_: �. ..
<br /> rete�ned to ia this Secu�ity L�tntment�the"�pety- • - ' � � � .
<br /> . , . �. , .
<br /> � � BORROVVER Q011ENANTS d�tt Horm�rer is l�vvfWly aei�ad of tht ahte het�eb�i convryed ad 6ss tbe ti=6t tb paot�d. �
<br /> �nvey d�a Propaty�yod th�tae Propecty is ttneawm#�eed,axapt tas�o€s000e�¢. Boe:u�ra'��ad-w�!! �--,---
<br /> - defe,od�eoeratly the titk ta tbe PrcpeRy s�ainst v{ct�ims�ad dm�nds.�co aaY e�ue�b�ao�aof iecocd.� _ �
<br /> , . .
<br /> 1.,�j�at�[llfiici�l,I�krat a�I.tte C�se.Burmwer s6ai!pay w6en due tbe principd of.aed inte.�est a�.3he
<br /> debt 'eadeo�ed bS►tae Nate ard late ch�r�cs dae under t6e Mote. � :, .
<br /> - . Z•�7�7�,et Taxa,L�r�oe�iM Ottier C�res. Borra�wer shall includo in eicb moathly pyment.- - -
<br /> �to�etl�er�h the principaf aod inoereat as set foeth in tlje Note a�d a►y l�te charges.an i�Ur�rnt of any(a)nxes aod spec�al
<br /> �ssessments kvied or;W be kviad ag�iast the Piopeaty. (b)lasdiotd WYnrn�s or gmund zents on the Property. ud'(c)
<br /> p�mivma for�noe�eqwrod b�r P�B��• ` ; �
<br /> Esd�moathty iastaqmeot fac ite�ns(s)„(b),atd(c)�h�ll equal ono-twelflh of the�nnW amounts,�n nzsoaably pt�ma�od
<br /> by I�ender,gtus m�nuoot su�cia�t ta m�intaia aa addition�!bataoce of not mota t�an aacgi�cth of tUe atim�ted amo�mts.The
<br /> � tWl.anou�l amount for ach item sl�ll be x�uT�ted by L,arder wtthtn a period e�d'mg oae rmoth beforc aa itaa watld
<br /> 6�eoome deiinqaaK. i.ender shiifl.hold tba amoiuxs oollectad in uost to pay�itmu (a), (b). aod (c) befoct ttky beoome
<br /> ddinquent• .
<br />_ _ If at arry,time the tota!of tde paymeats hetd Isy I�ender for items(a). (b?, and (c), togeth.r with the futnre monthly
<br /> , payments for siich items payable to Lender prior to the due dates of such iums.exceads by mare than one-sixth the es6matad
<br /> = amount of p�ymeots required to pay sucTt ikrt�a wtka Que.aitd if paymetns�n the Nott are c�m+eM. then i.enQer shaU either _
<br /> — - refw�d li�e excess aver one-siscth o€the estimated pay�enss o�cr�dii ttje e�cess aver ane-sizfh of th�esti��iated payments ta ' -
<br /> subs�et PaYments by Borrowe�.at tbe optiou of Horrawer.If ti�e totat of the payments made by Barrowes for ium(a).(b).
<br /> ° or (c) is inwfficienE w pay the hem when due. then Borrower shall pay to Lender any amaunt�sary to m�ke up the
<br /> - deFcimcy on or before the date the item becomes due. -
<br /> - � As usod in tHis.Sect�rity tnstrament. •`Seccetary„ �ns the Sacretary of Housing aad U��elopmrnt or his or her �
<br /> _ designce. In aay j�s in which t6e i.endet.aiu'st pay a martgage insuraace premium to tLe Secrct?a�,'exh month2y paymont .
<br /> sl�t�atw include eitlier.(�an i�sraitmeac of thz amival mo�tgage insurance premium ta i�e paid by f:er+der to the Sa�netsuy.or '-
<br />,,�� ('n� a.�nonthly charge in.gkad i�f a martgage Iawrance.preanium if tbis•Security Insaament is held by the Socretary. Each
<br /> uwnthty irutallment of the mortgage insuranoe pr+emium shai�6e in an amaunt sufficient w accumulate t6e full an�ual murtgage
<br /> I insor.mce premium with I.enderone month psiar to the date the full annual mortgage insurdnce premium is due to tLe Secretarg.
<br /> or if this Security Instrument is hetd by the Secretary, each monthly charge shatl be in an amount equal to one-twelRh flf •
<br />_` � I ono-half percent of the outstanding principal balance due on!he Note. �
<br /> :.,�.
<br /> If Borrowcr tenders to Le�idet the full payment of all sums saatred by this Security Instrument,Borrower's accoutrt shaU
<br /> _ - ' be croditod wIth the balance remaining for all instaQments for items (a):.tb). and (c) and any mortgage insnrrnce premlum
<br /> - - installment that L,ender has not become obligated to pay ta the Secretary.ars�Lender sha11 promptly refund ar►y exo�s funds to
<br /> =k:": 8a�er�wer. Immediately prior to a fareclosure sale ai 1he Propeny or its acquisition by Ixnder. Borrower's account sfiall be
<br />-�°° ' cr�dtir,ed with a�ry balan�e remaining for all instaltments for item.c(a).(b),and(c). '
<br /> •� 3.Applk�tion of�yments.AU payments under paragraphs 1 and 2 shall be applied 6y Ixnder as follows: �
<br />.,==i�2� ' .
<br /> _ i First.to the mortgage insurance premium to be paid by Lender to the Secrctary or to the monthty charge by the 5ecretary ,
<br /> :T 1 inste�d of the manthly mortgage insuraace premium:
<br />';'`_`�' � '9econd.to anyr taxes,spaciat assessments,leasehold Q¢ymenta or ground rents.and fire, ftaod and other harard insuratpe
<br /> � premlums.as rcqulr�l: .
<br />�� -.._ .- . - . ..'R3:��:a;tsk:r�:sx due c:nd�tr.c.*:sss: --- .. -� -- _
<br /> Four�h.to a*.s�raization of the principal of the Note: '
<br /> �ifih,to tate chazges due under the Note.
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