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<br /> -`� ' . 'i�lX3E!'I�IER. �iE'H al! tbe'i�p� t�ow oi barifter eta�ed oa thc p:opetty. a�{ all eaema�ts. ti�fs. �
<br /> �,ients.myaIties.minetal,ai[ud gas rights amd piofi�s.v��tes rights and stocfc And all fiatiu�es aow or h�eaRer: ,
<br /> - pa[t,of the prapacY- AU ttplaom�s and additiaas sttail atso be coveced by this Sec�rity[nmumu►e:Ali of the toreboicg is
<br /> — �efttt+ed to in tisis Security T.Rs..'��^�as the"PcapertY-"; , .
<br /> — � ' HORI�OWER C01tFNANTS that Bart+�wer Es(awfi�lly seised af the estate 6eteby oomtyed and h�c the ilght to g[ant aad -
<br /> — — ounvey tbe Pmperty a�tiut'the Pmperty is unencumbend.except for encrombtanc�s of Koord. B�rm�'�r wammts atd will
<br /> defad gei�a�ily tLc tiQe to the Propert3+agai�rst al!clalms and demands.subject w any encumbrarices of r000cd.
<br /> _ -- 1.Faymmt of Princlpd.Iatteest aud Late Charge.Bortower shall pay when due the priucipa!of.aad inntest o�r.d�e �
<br /> -- -- • debt evidenccd bgtbe Note and tate chwrgss due onder thc Note. -
<br /> - -" 2. Mopthty.P�►yarmts of Taaes, L►sunwoe an�Otbiee Clwges. Bosrower sdall:include in each raant6iy paymca�
<br /> ; togethet with the principaf and inte�as set farth in the Nore aM an}r[ate charg�s.an instellment of any(a)�aod special
<br /> "�`" �:levied ar w be levia!against the Propetty. (b)teaselwtd payments nr ground renu an tl�e Property, aM (c)
<br /> pmniums for ias�uance requirtd[sy paragtaQis 4. --
<br /> �- Fach momhly instaliment for items(a).(b?.aad tc)shat!equal o�twetfth of the annual arztounts.ag ceasonabiy�sti�tted
<br /> ,� by I.ender,pl�s an amwnt suftident to maintain an sdditionat baEance of not more[han one-siuh of the estimated amounts.The
<br /> full annual umount fos e�ch item shati be aavmulated by I.ender within a period ending o�r�onth beforc an item.would
<br /> .�°`��" beoome delirx�em.. I,eader shall Gold tbe amnunts coUected i�t tnist ta pay items (�), (by, and (o) before they 6ecome
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<br /> - . •� . Q�,a�.�•tiae ttk total of the paymeQU heid by,ixndet for item9(a). (b). and(c), wSet6er with the fnture monthTy
<br /> ���t ,'pay�:s��'*�'�cttitems payable to Lender priar w the due dates of such items.eaceeds by mare than oue-sixth t6e�ted. �� --
<br />,;,.<<,�;. amount�fraymcmts mquirod to pay such items when dae.and if payrnents an the Note are current.then I.ender shall either - �r.-,`
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<br /> _.�,M;, . . refund th�excess overune-siath of the estimated payments or credit the excess over one-siath af the estimated payments to �•%-�-
<br /> � . -. subsequent payments 5y`Borrawer.at the option oY Borrower.[f the totat of the paym�Fis made by Borravver for item(a),(b), �
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<br /> . � _�;,. ° or(c)is insuff[cient to pay the it.arat::when due, then Borrower shall pay to Lender any amount necessary to make up the :='��.
<br /> i: �:r,� deficiency on or before the date the�t�.�mes due. . . --�
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<br /> � � �' As used in this�a�+.�iy�Instrumant."Seat��'".means the Secretary r��Housing and Urban De��+yz�?ment or his or her � .: �--'�
<br /> �.��.' : designee. In any ye�r.�..Rfiich the Lender t�.1�%-+�'a'mortgage.insurance;��*.�iiun to s5e Secretarp.`ei�monthlY P.aYa'.en1•.•�� �`- ,�:
<br /> J r � `'F" ' shap alrra,r,��nde either: (�)an in�'.:i;..,��r�.�,`ra�^.ai�nen��s:ssurnnce pzemium to�e�id by Ler�:er to the S��:siu,or ' , ��.�.�F�:,
<br /> � . _. � j ..• (ii) a ma�:y charge instead af d:�s:,tis4c�:i�.s�o;zce pr�u�•if this Security Instr�.;xx�e:is held by the Sec�.a�-�`ach � �
<br /> = '��_" " mantbIy instaUment of the mortgage r::�-�:.�,:a'ce���.0-�am shalE he in an amwnt suffccient tu x���ulate t�e.�t anriazS��.-igage � "zi»,1;:
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<br /> , : i� � ;-: �� '� insurance premium wit�•�:nder ane month priur ti3-t�B date the full annyal mortgage insurance prc�miu��c��ta the Secraary. , �.��.-_� ___
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<br /> ;= �.::• ar if this Security Instn.cment is held by the 5�:�;�ry, each monthly charge shall be in an amount e�.:;�1 to one-twelfth of .
<br /> � �j(`�-�'� one-half percent of the ouutandin�principal balance due on the Note. ` ,t P
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<br />, �;,,� ' lf Borrower tenders te i.ender the fuU payment of all sums secured by this Security Instrumenl.Barrower's accaunt shall •
<br /> ;,'• be credited with the 6i�Iat�ce remuining for alt i�vtaltments far items (a). Iby,and(c)and any mort�insurance premium .
<br /> .%' installment t�at Lencfe�asa^..�:not bewme obtigatee�;:s Nay to the Secretary,and L'.er.der shall promptty re`��.xi=any excess funds to <
<br /> Borrawer. Immediatcfg`�Y_'3or to a forectosure s�'e af the Property or its acc�aa�tion by l.ender. Bon���r's accowtt shall be � ; ,.i�_ .
<br /> �'° .�:�" credit3���Mdu uny balance remaini:tg far_�I�insta:��..ents for items(a).(b),and;•:t fR`�:
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<br />'`` � '��'`• 3.Applirwtion of Payments.�.Tl'��:�?;c;�::.�w-e3er paragraphs 1 and 2�hr�:��;f-�appl:ed'�+3�:zr.der a.tr�"r�,�s: � � ',.
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<br /> ' '� � -•� First, ta the mortgage insuranc��-,';,.:�c��be paid by l.ender to the Secretary ar te:H e'mm�thly c�a;ge by the Secretary . � ' -_
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<br /> . ;����;,�` . '. instcad af the manihly mortgage iaa:,��.i p�e;.,ium: . _
<br />' : •L• � Second.ta any taxes.specis�l a:.�W:.;::s,teasehold payments or ground rents,an�i .�.�r�;.`uod and other hazard��.surance .
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<br /> : � '; ;�;':;� � premiums.as required, . - _
<br /> ��; ;::_�, , Third.to interesa�le under the Natc; ��
<br /> ' y� `�'`; �` Fourth,to amartiration of thc principal of ca:�:�3ate: ' ' �' '
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<br /> .k•':'"�'�� ' Fifth,to latc ch;uges due under the Nate. �•�'
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