|
d1��iG �...� ,� „ , ..Jk«- , ,�� �
<br /> s�►.ol'C:..,�� . .�' . � _ � .. _ _��_ - ^--
<br /> ;.�:�1�,�.=: y .'� � . __.
<br /> :i�i�l�-� .�...�....�..,,,,� n�_ l U6330 -
<br /> -- -- - �a
<br /> ,�� TO�E1'HER WITH all the improvement� now or he�zafler crected on the prepecty� arW all eueme�w� d�{hu.
<br /> �ppu�tenancn�r+ents.roy�ldes.mineral.ofl an�l ges d�hta ond proflta.watcr��hts and�tock and all flxtures nuw or hera�flor a
<br /> _ - paR of d�o properiy. Ali n�,i+����ziir.artid addltEa�sl�s!!slso be covetr�!by thf�R�ca��ity lnatrunwr. All ot tb�fot+�oinR i� _
<br /> a referrod W in thia Security Instrumeatt u tlw "Propeny.••
<br /> BORROWER COVSNANTS thet Norrower ic lawfuliy selced of the atate hercby convayod wid has Ihe dght to�rant and _
<br /> --=-�-_—�---- _—� oonvey Ihe Prupetty uid tbat thc Properry is unencumberod. ezoept for encumbrance�of reoord. Barrowcr wuranta �td will _
<br /> - — � defend�ener+�liy the tiUe w the PropeKy+�airw WI cl�imc and demando�subjeet to ony encumbrw�oi'record.
<br /> � 1. Payment ot Princlpal,Wte�+est ond I.t�te Clwrge. Borrower dwll pay when due the pdacipal of.and interest on.the
<br /> -.- debt evWenced by the Note and late charQes due under the Nou.
<br /> ������ 2. Moathly PnymeMs of Taxes� Insurance pad Other C6ArRes.Horrower shell include in each monthlY paYment.
<br /> � together with the pcincipal and interest as set forth in tha Note end any late charges,en inxtailment of any(a)ta�ces and special
<br /> __ -.�a ossesaments levied or w be levied against the Property. (b) leasehold payments or �round renu on the Propecty. �ud (c)
<br /> _,�;,�� premiums for insurence requircd by paragraph 4.
<br /> --,,.�
<br /> -- ---�`�° Euch monthly inswllment for itema(a).(b).and(c)shail equal nne-twelfth af the annual amounts.as reasoneb�y eatlmated _
<br /> - -•=� ~�� by Lender,plus an amcwnt sufficient to maintain an additional balance of not more than one-siath of the estimatcd t�mmoums.The
<br /> _-__ - - —�_�� fuli annuat amount for each item shall be accumulated by l,ender within a periad ending one month before an item would
<br /> --- ,`,, . became delinqua�t. Lender shall hoid ihe amounts collected in trust to pay items (a). (b). and (c) before they becoma
<br /> -- -�=.�•,.° delinquent.
<br />- �� ���;���,:� W _
<br /> �,++�e `?"a'�='.� If et any tirt� �he total of the payments held by Lender for items (a). (b), and (c), together wilh the future m�nthly
<br /> payments far such items payable to Lender prior ta the due dates of such items, exceeds by more than one-sixth the estimated _
<br /> _ ' . emount of payments mquired to pay such items when due. and if paymetus on the Note iue current. then I.ender ahall either
<br /> lr' '�•' rofund the exce�s ov¢r one-sixth of the estimated payments or credit the excess over one-aixth of the estimoted payments to
<br /> �' subsequcnt payments by Borrower. ut the option of Eorrower.If the total of the payments made by Borrower for item(�).(b). -
<br /> • or (c) is insuFficient to pay the item when due, then Horrower shall pay to Lender any amount nocessaty to nwke up the
<br /> . .. ' '�+.� �f�j��cy on or before the date the item becomes due.
<br /> ..,::� r..i�: -�
<br /> As uced in this Security insttument, "Secretary" means ihe Secretary af Housing and Urban Uevelopment or his or her _
<br /> „ �r � designee. In at�y year in which�he l.ender must pay a mortgage insurnnce pramium ta the Secretery, each monthly payment
<br /> �„f., shall also include either:(i)An installment of the annual mangage in4umnce premium ta be paid by[.ender to the SecretAry,or
<br /> .. `t�.=�.
<br /> .� (ii) a monthly charge instead of a morlgage insurance premium if U�is Security Instrument is hcld by the Secrctary. Each
<br /> "�'°t� '�' monthly installmenc of the mortgage insurance premium shull be in an Amount sufficient to accumulute the full nnnual martgage
<br /> ,��� �''`�' ' insurance premium with l.ender one month prior to the dute the full unnual mortgage insurance premium is due to the Secretery.
<br /> ' ' ''"�`""�''"°''• `� or if this Securiry Instrument is held by the Secretary, es�ch monthly cherge shall be in an amount eyual to one-twelfth of
<br /> •• �• ° one•half percent of the outxtanding principal balance due on the Note.
<br /> , " + �: �- . _.
<br /> .--'�1' - '-Q�'".. ' If Borrnwer tenders to Lender the full payment of al! sums secured by this Security Instrument, Barrower's uccount shall �_
<br /> , ;�"� + be credited with the balunce remuining fi�r ull in,�allments for itemti lu), (b), and (c)und any mnngage insurance premium _
<br /> ' ' •it�.-4��' ay ... installment that l.ender hus not become oblig�ted ta puy w thc S.�cretury. and Lender shull promptly refund any excess funds to �.
<br /> _''•� •� Borrower. Immediutely prii�r to n foreck►sure sale of the Property or it�ucyuisition by Lender. BorrowePs account shall be
<br /> �� . •� � credited with any balance remaining for ull installments fnr items(u).(b), and(c). ``
<br /> _ ,�.,`'� u �
<br /> . , � �� q .
<br /> 3.Applics�don of PoymeMs.All payments under paragrophs 1 and 2 shull be applied by Lender ac follows:
<br /> � '..�`a'. • „ -
<br /> �`�• ' ' ° �irst,to the mortgagc insurunce premium tu be paid by lxnder to the Secretury or to the monthly charge by the Secretary
<br /> ' `��,,'��,�" ° �:fi;,. instead uf the monthly mongage inxurancc premium;
<br /> • `•� :�-,:��'��� Second, to uny tuxes, speciul nssessments. leasehold payments or ground rents, and tire. flaod und other hazard insurance -
<br /> ` ''�':.;�:.., J premiums.as requireJ:
<br /> -� �•. 7'hird,to interest due under thr Nrne:
<br /> � }iY; h
<br /> , Fourth,to umani�ation of thc principal ut'thc Nate;
<br /> " • Fifth,to late charges due under the Nutc. -
<br /> 1 • " �,. �-4RINE1 Pap�2 0�s
<br /> ° � —
<br /> �_
<br /> � - -•— ---- - - _....,�-- . .> . F ..t..-..-x:r�;�-";�"r^a+��;�,�iic
<br /> _�.:�,�.° •
<br /> 1�ra..t�a�,..,,cr------_---
<br /> . "`Y, .. _. .
<br /> :J
<br /> d���... �� •
<br /> ♦ ..l . ' . . . - '
<br /> il ... � •- � ..
<br /> .. "� � :- ' , • ..
<br /> � ' �
<br /> •� ..
<br /> . �. � �
<br />
|