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<br /> . ) 9 1o58Ur
<br /> ITOOETHER WITH �II the improvcmenu now or here�ft�r ero�Med on Ihe PropertY. �nd �II auornaM�, r1olMr,
<br /> � �ppurtp�anoea,ne�.my�lties.miner�l.oil and gas d�hu and profit�.w�ter�i�hu Arwl nlack�d all flxlura now or hereJlK•
<br /> I part of the Property. All neplacxment�and additiona sh�ll al�o ba ooverod by thi�SecuMty Imltument. Ail ot t!r tor�,nia�u
<br /> Irefared to in Ibl�Secudty ln�uumaat�a tho"Property.••
<br /> _ ____ __� I BORROWBR COVENANTS that Horrower is lawfully�eised aP tho e,�IWe hercby convayed wxl hs�the�i�ht to Qtant ond
<br />- -- -- I oonvay the PropeRy and t6et the Property is uaencvmberod,excent for ancumbrnnce� of ranrd. Borrower warranq rnd wIQ
<br /> defa�d generally t4e titk w tiws Proporty a�inct dl elaimc and danAnda.�ubJxt to sny eneumbraners of roeord.
<br /> _ 1.Rymmt o[Prindpd,Intuaot watl 1.Ate ChprQe.Borrower�iwll pay when due the pcinclpa!of. wd inteer�t on,the
<br /> debt evidenced by 1he Note rnd Uite chargw due urder the Note.
<br /> 1. Moat6ly Paymeats oC Taxes, Iacurance aad Other CharQea. Borrower shall include in each monthly payment.
<br /> ro�ether with Ihe principal and intcreat as sct farth in the Note and any late charges.an installment uf any(a)taxes and speciAi
<br /> ---- � aascssrticnts lwial or to be levied again�t the Propeity. (b) leacehald payments or �rouad reats oa dte Property. and (c)
<br /> — premivaw for i�wu�nca requiral by para�rAph 4.
<br /> _ P.�ch monthly inatallment for itema(a),(b).and(c)shall equal one-twelfth of the annual arnaunts.as reasonably estimued
<br /> by L.ender,plus an iunount sufficient to maintain an additionwl balance of nw maro than one-sixth of the ectirnated amounts.The
<br /> f�ull annual amount for each item sludl 6e accumuletad by Lender within a �I�ci:3iu�une month before an Itan would
<br /> -- beoome delinquent. I.ender siwU hold the amounts coilected in tnwt to pay itema (a). (b). and (c) before they beco�ne
<br /> . ' delinquent.
<br /> ��
<br /> ___;-� If at any time the total of the payments held by Lender for items (a), (b), and (c). togetiier with the future monthly
<br /> -� payments for such items payable to l.ender priar to the due dates of such items,exceeds by more than one-sixth�he estimated _
<br /> �_-y emount of payments requircd to pay such items when due.and if payments on the Note are current, then l.ender sMell either
<br /> °�' ' refund the excess over one-sixth of the estimated payments or credit tha excess over ane-sixth of the estimated payments to
<br /> �� a, subsequent payments by Borrower. at the option of Borrower. If the total of the payments made by Barrower for item(a).(b),
<br /> - or (c)is insufticient to pay the item when due, then Borrower shall pay w l.ender any amount necessary to make up the _
<br /> - deficiency on ur before the date the item becomes due.
<br /> --.--,�
<br /> ---�'� As used in thie Sxudty Instrument, "Secretery" means the Secretary of Housing end Urban Development ar his or her
<br /> __ - � designoe. In any yesr in which the i.encier must pay a morigage inaurnnce premium io ihe Sa:retwry. rm:L un�uii�iy Eia�y�iieiii
<br /> - ��;�.�; shall �Iso include cither: (i)an installment of the annuul mortgage insurance premium to be pnid by Lender to 1he Secretary,or
<br /> (ii) a monthl y chaz ge instead of a mortgage insurance premium if this Securiry Instrument is held by the Secretary. Each
<br /> -,�d.-�;.'� monthly installment of the mortgage insurance premium shall be in an amount sui6cient to accumulate the full annual mortgage
<br /> �>:�: insurancc premium with i.ender one nwnth prior to the date the full annual moRgage insurance premium is due to thc Secretery,
<br /> or if this Security Inslrument is held by the Secretury, each monthly ehar�e slwll be in an anaunt equel to one-twelf�h of
<br /> -��.�� one-half percent of the outstanding pdncipal balance due on the Note. -
<br /> ,,..�r;':r�
<br /> — � -� If Borrower tenders to Lende�the full payment of all sums xxured by this Secur�ty Ins�rument, Borrower's uccounc shall
<br /> e
<br /> -�`��"�?��� be creditad wilh the balance remuining for all inrtollmentK for items (u). (b). and (c) und any mortgnge insurance premium
<br /> -:,E�:°:�,
<br /> _.�.;�:,� � installment thut l.snder hos not become oMliguted to pay to the Secretary,rmd Lender xhnll promptly refund any excess funds to
<br />___�'_"_�`�_;`� Borrower. ImmediatNly prior to a fareclosure sule of the Pmperty or its acquisilion by Lender. &ttrower's pccaunt rhAll be
<br /> croditad with ony bulunce remuinin�for nll instullments for items(a),(b),und(c).
<br /> ���.�7
<br />— °° - ='-i 3.Applkwtbn ot Paymenf�. All paymenta under paragruphs I and 2 shell be applied by I.ender as followe:
<br /> _•,a..�-=�:i:
<br />--�:���T First,to the mortgage insurunce premium to be paid by Lender ro the Se.cr+eu+ry or to the monthly charge by the 5ecreuuy
<br /> Ts _-_�=La ina�leml of the momhly mongage insurunce premium; -
<br />-----==�=� Second.to any toxes,specisl avsessments. le,asehold paymema or ground rents.enJ fire,floal and other hazard fnsuranoe °_
<br />_-_-�y��--�'� premiums,as requirod:
<br />—"�'�'�P�a±� Third,to interest due under the Note; _
<br /> -"�~ �� ��� FouAh,to amortiu�tion oP the principal of the Note;
<br /> ��._ ..*`�, .
<br /> ;•� ti'y��� Fifth,to Iate charges due wuler�he Nate.
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