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<br /> ` �,oc� wmt �u �e.��o*► a ��aea � � r��ns►..�a .0 �. �: _ , �
<br /> �,noo�.eo�raities.�na�.ou.oa���ts,iaa pao�ia.w�ee ri�bts aod swck sm atl�ues iw�a►a�i .
<br /> , prc of the peope�ty. Ai!.�l�oeedoets a�d dditioes shdl�lso be cavasd 6y this Se�vrity I�trumeflt.14f1 bf tha f�is .
<br /> ' rrefut+ed to in tp�s SeruritY�a�tLe•'Piopetiy.•• . _ . ` .
<br /> BORROWER OOVENA,NTS th�t Borrowa is tawfnlly seised of�he es�e tx�rby oomrry'a3 and b�s tha dgA[co g�c�d' . `
<br /> mavey the p[opat�t aod t1�t We Pnn�ettY,is uaa�mhaad.exapt`for encumbrmcYS of necocd.Bormwer wasr�ats�od w�ilt '
<br /> defe�d�ener�lly the dtk to the Pm�paty�sU,ctai�at►d dema�c�sabject ia��oY,�°f t°�°cd: ` ` ' . , _
<br /> �. l,PrtYwat�t tki■tirl,L�ta+at-ad Lte Cl�a�ormwer shalt'pa�t,wh�a dae thc p�it�apai`of:amd itNenst an.tbe
<br /> debt erideacad ly t6e Nate a�d i�tt c�wrgesdue under tAe Nate.
<br /> - • -— ---- ------------�------ -----.- -- --- — -- ----- - - : - --------
<br /> �. �.Mo�t�ty ll�pri�at Taxes. L■�x�oe s�d Ot�a C7w�es.Horcar��s�all include nt each marthty�ri�Y1�• .
<br /> :' . , tc►�etber w�tNe principd ad i�tenst as set forth in t�Note aud any late charges.an ia�taltmeat of my(a)taxes�1 spec�ai
<br /> � assessaieats kvied or w he levied against tbe pmpertY.(b)tea�e6otd WYments'°�S�ow�rl rsnts oo the Pnopetty. �nd(c)
<br /> premi�fa�;nsu�moe nx�od bY P�r+gr�pt►4• . _ �
<br /> °- L Fac6 monthty-irstalimrnt for itam(a).(b).9rd(c)stdf oc�wt bne tvircifth of tLe anwal azno�uus.as re�onablY�od ,
<br />—� by Lrender,Plus an amount suft-icient w rminp�in an�Sditiot�f balaoce of not more tlan onasixth of the e.uiQnte�unounts.'It�e �
<br /> � . fuTl �ua! amount fa each itam sball be acxaq��tatad bY La�der within a period end'ing oae mar�b 6doce an ium wa�ld .- ---
<br /> become delinquerK. Isoder shali bald �he amounts coitecaed in hust w pay items (a1. (D). �nd tc) 6efore they bocane
<br />_-%, - Oe(inqunq. , �
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<br />- -f: �If at arry time the total of the paymea�.g hetd by l�ender foc items(a). (b), aod [c?, together with tHo futun monthly '
<br /> -�`,`; � }�tgmeats for such iums payable ta t.ender prior to the due dates af such,items,exceods By mare tt�an ono-sixth tde at�ced
<br />_ - � uo�nt of,paY�u raiai�'od to paY such items witen due, and if paymeats an the Note are currerrt.ttun l.a�der shaA aitUer , __
<br /> � refund the exass over ane-sisth of the atimated paymeMS ar eredit the excess over one-sixth of the estimated payma�ts.w. .��.-
<br /> subsequmt psymmts by.Borrowzr,at the optian of Bortowrs.If the total of,the payments macle by Bomnwer for item(a):(b). ---
<br /> �`•F.,•. -�, or.(e)is insuffieieat ta pay the item whrn due. then Borrower stiall pay ta Ix�sder any aawunt necrssary to naaice up d�e —___-
<br /> �� deficiency on or before the date the item becames due. ' -- __--
<br />- , ' As used in this Sccur'sty Instrumens."Secretary„means the Sec�etai�+of Hauing atd Ur6�Development or�his or ber ° �
<br /> i'.�`t designee. in any year in whicb the Lender must pay a r�-tgage iruurance premium to the Secretary. exh moathlY Payment _-�
<br /> shali also include either:(i)an instalimen[af the anm�al�mosz�age insorance pr+emiam to be paict by I.ender to ttie SocretarY,or
<br /> . `�'': (ii) a monthly charge instead oF a mortgage.insarance ps�mium if this Serurity Instrument is 6etd by tite Secretary• Fadt ��. , ��
<br /> , • monthiy installment of the morcgage insurartce pr�miva�s6at!be in an amaunt suKciept to accumu�ate�e fu11 annual mortgage : �-�=-
<br /> ; �. —��,..--,_
<br /> , , ` �;� .:: Insatrdnae ptemium with t.ender one month p:ior.to the date the full annual mortguge insurance premium is due to the Socretary. �..:.- � „-
<br /> .. or IE this Security Insuument is hetd by the Secretary. each monthly charge shall be in an artwunt equal to one-twelfth of �=� �^
<br /> � ooe-h�lf percent of the ou�standins principai 6alance due�n the Note. `��� '
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<br />. .. . . lj��;.= ' If Borrower tenders ta l.ender the fui3�ay�ent o£all sums secu:ad by this Security Instrur.�.BomawePs account shap .'�''Y_-�•
<br />' `•�>�t � � !ie credited with the balance remaining for a13 instaliments for items qaY. (b). and (c) and ar��.ix''�aSe��urance premium - _
<br /> �'-�: � iasiallmem chat Lender has nc�t become obtigated to pay fot�e Secretary.and Lender�E,�!pxux,�:I}'•;Yefund any excess fw�ds to
<br /> �1,� .�. �,,,,R-rawer. ]mnnediatety prior to a foreclosure sale of i�:s f'7ropeRy or iu acquisitio���..i;e*�er,.�crowei s aocannt shall be
<br /> ' �'� credited with any balance remaining for aU instapmentc for items(a).(b).and(c). �
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<br /> •�'!�� " � :• 3:Applit�ljon ot Fsymtenfs.All paSz^.�:.ts utxler para�raphs! a�t�shall be applied by Ler.c��as foitows: ,_
<br /> . . . . . �_
<br /> . , �-�� ' �First.to the mot.ga�:;i��ance prerr,::;.,.^.:to be paz��y I.ender ta the SecrMa�s cc�o the manthty charge by the Seerctary �.,�;:�;�+;�P�v_-',
<br /> ' � ,F, a��d of the munthly mor.t�^��surance��it;m; • • • ���4r�;�'.-�'"�
<br />�`�• '' f��' ,, . '�.: Second.ta any taxes.s�cl�l assess:^a.rs_t`aschold payments or ground rents,and tre.ftoo��.7d other hazard insurance �: �`�-,�:,,
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<br /> ' Third.to interest due uniazr the Nnte: � �'�� � �j�
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<br /> • `"`'`�':�a•�� Fourth.to ama�tization nfthc principal of the Notc: ' � �'���c �`
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<br /> �.:=:'s Fifih.to late eharges due under the Note. , , , ,
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