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<br /> �Yf�f00�'S.tl�.lO�tll�.�tiG'l7�.Ol��j�i 11�L4 i�Q['O�tS.,W�'f�$�lli�S10C�C Na t�f11I�4fl��Ok C[�1Gt!'��t
<br /> pet of tT�pc�opa�y.AU r�pl�oea�s aid addidom stWl�tso be oo!ticrad bY this Sb�eritS►rmuumeat 1W of the torejoie�Fs
<br /> referced tn ia this S�uity i�u��s�"�Y•�� . � .
<br /> BORRO�tER COYENANTS tWt Banower is lawfulty seised tif.ttu estat�lie�eby ooaveyed and tys t6e sight to�tatt�d
<br /> 'ao�vey t6e Property and thu the 4roperty is una�aia�6eRd.excep�•far cncumbtaooes of cecoid. Boero�►er wirwms aed�will
<br /> ' defmA grne�alty tbe 6tk w tt��cnpe�ty ag�inst all ciaims aod dan�nds,bub�e�x to arry encumbrsrces oi�eco�d.�
<br /> 1•gy�e�t ot Pei�CiPl.Ideeeat a�Late C6arta Borrawer s6all pay wt�en duc tbc.prieapal of.and ituetzst on,dne �
<br /> debt evi�dmced by the Note aad latc chuges due_ttnder the Nota ' '
<br /> , 2. Mo�Ig Pa�eb ar Ta��nuce aed OtLes�. Borcower shali iaaWda�ia each maothiy p�ayment.
<br /> together with tl�e prirxipal aad intarest�s set fon6 in the Not��3 eny tace chuges.an instaltmaru;af aay(a)tu�and spoci�i
<br /> - atse�aYS levied or to be levied agaiast du Property, (b)t�eh�id payments or gcasnck'tr�a on tbe Propetty. aod Ec) ,
<br /> grrmiums for ins�ir��e icquired bY pu�graph 4•
<br /> - - F�ch asa�ntbly*++v�n,•+�for items ta).(b1.and(c)s6�11 a�i one-t�weiftii of the annnnl ammmas.as re�son�biy atimatod
<br /> = tR[xMer.Plus an anwnnt sufficient to mai�in an additional6�F�noe of not more tt�n one�5ixt9�n��tize estimatod amounts.7be
<br /> full� amwat for each itan st�all be accumul�tod by Leadcr within a Qeaiod endiag;ons:abontb 6efore w itan woald.
<br /> - baanme ddinquen� Itoder�all hold the aimoants anIlacccd m uust ta pay items (a). (b:i�:,and.(c) b�fore they bec��me
<br /> -- �4�em- .. , .
<br />- _- ` . ' .If at aag iih�.the torai of d�e�s�?��is held by Lender�or ite�ms(a?, (b3,�(�3.t��wiih tbe faitme mont�ifg
<br /> - _ �;meats.Ect��ic3�s�p��ie to��priar to the due dates of susf�item&er.e�eds trf�d�one-sixtit t6e�la�.
<br /> nA��nf paym�►t�r,�ir�k"�a:�:si�-�`.ans arhea�s,an��if pa�yzrknis am cfse N�oe��cca'�t.then Lend�shzl[cither _
<br /> '� •�eats or;�redit tde�c�ss v��'��s�?�£;L,+e�an�t' ay�nents to
<br /> :it�'u�the exaas over�r�°.�:`ts.���tad pa� � . �
<br />-� • �, ;:�;v��nue�pa�ts by Ba��ver.a�tim_c;�aan of�:ower.If the tatal of tffe{�.y��ta�rrw�1�(n���:q±�sir�ji�.a�em(a),@). _----_.
<br /> •`°,�.-���) is �t ta-L�`:'�ifer� a��dus. .tk�:Borrowes s6all pay ta�tiir�iany�amat��s���,a:�.23c.t�.t#�' _-----
<br /> - :` •.�.-e���si��re t#�ditt��te item becomes�.,�- . . , . � . . . • ' —
<br /> :� r" � . . • g_...�
<br /> �;J; �� As use�ua zfiis Seruriry I�utniment. "Secretary.,r�eang the Se�taN of Housiag and.Url�u Devetopma�or ws as[�r �=�
<br /> �?;��.' �:�r desigaee. ln�afY Year in which tbe I.end�s must pay a mortg�ge insumn�e premium sa shu Sect�tary.each monthfY PaY�� _
<br /> shail also include either:(i)an installment af the anmia}mort�ag�insurmke premium to ba pnid by,Lender to the Secretary.or _
<br /> . • (ii)a moinhly charge instead of a mortgage insurance premium if this Security Irtstrwmcnt-isi hetd by the Secretary. Fach ---- _
<br /> monthly installment of the mortgage insurance premium sha116e in an amount suf�ciem ta accurua�ate the fuU annua!mortgage -�—,.
<br /> ` insurance premium with Lender qne month prior to the date th:full annual mortsngc itu;urattce pr�nium is due to the Secretary. �='
<br /> ° ;F-�_�; -
<br /> or if this Securiry lnstrum�nt is held by the Secretary. each,monthly charge shnll be in an�a�maunt equa! to one-twelfth of ' �;,��_,_..:�_
<br /> T:, onefialf percent of th�outstanding principal balanre due on the Nate. .�;,.:-rr,
<br /> - If Borrower tcnders to I.ender the full payment of all sums secured by thi.r Security tr�uwvent.Borrower's account shal! .;::'r.Y.;�.`.;'�',-
<br /> be credited with the balance remainin�fat all insta0ments far items (al. (bl. an+1 IcD and atcys�mortgage irtsurance premium �.:��'`..
<br /> installment that Lender has not became abligated ta pay to the Secretary.ar�d Lender shall promptty refund any exoess funds to '
<br /> :, Banower. Immediately prior to a foreclosure sale af the (yrnpetly or its acquisitio� by L�det� 8ottower's accaurrt shall be � ' .-- �-
<br /> ��� credited with arty balance remaining for al!ins�allments focitems(a).(b?.and(c1. .. r + ��
<br /> �-
<br /> �.: .s��•-
<br /> � . �=� 3.Applicadon at P�yments.Ali paymenu under�aragraphs i and 2 shall be applied by i+�nder as foltaws: � , ,�.,,•-
<br /> �
<br /> ,� � :�
<br /> �. First. to the mart�age insurance prer�ium to be paid by LenGer ece the Secretary oP ta th��c�a�r.»�:=-y c{�arge by the Secretary `.�'-- ; �`�-_--
<br /> • � ` • irstead of the manthly mortgage insurnnce premium: , j � � --
<br /> .��, '" Second.to any taxes,special assessments.teaseS�otd�Payments or gmuad�ert4,and eini-.ftoc�and ot�.t�azard insutaax ;� . _ ___
<br /> premiums.as requited:
<br /> ' ., Third.to interest due under�he Note:
<br /> 1:"' '#:� Fourth.to amortlzation of the principal of ihe Nate:
<br /> '. ' ,._,,,'r: , Fifth,to late charges due undcr the Nate.
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