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<br /> Tn(iETHEA WITH all thc imprav�ement� oow w hcreafla eroctai on tho property. and �II ausamentti. dghts,
<br /> �ppuhentr�x.rentr.n�y�l�ies,mincrW.ail rad�9r riQhts ud proR�s. wuer ri�hts rnd st�ci�rrwi ull exturer now w henwtt�r o
<br /> p4rt of the pr�nperty. All replaoanent+�nd�cWitions rb�ll �lso be oorered by tbis 5eavity Imtnuae�t. All oBllrit fix+e�oiaY ia
<br /> • �rfened a ia ihia Securi�y taiarup�w�a�the"PropertY.••
<br /> BORROWER COV6NANT3 tiut Bortower is Irwfully ai�od oF the e�ate herebY runveyed ond has dta rfpht tu�nwnt ond
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<br /> convey the PnipenY ud �hst the Propetty is unencumberod. oxrept for encumbrarccs of rocord. Borrower wannmis tu�d wvl _
<br /> defead Rercrally the tuk a We Property+�aic�re�{I clyim��1�kwwxi+c.wbjc:cc to aay cncumbrenccw of�. � .
<br /> s______._. l. P�yme�t ot Prtaclpd,Ioterest apd Late Ch�e.Bormwer�hall puy when duo the primlpul,of:w�d iMe�eat on.tqo _
<br /> _�_I debt evideocad by Ihe Nolo utd late charges due w�der tbe Note.
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<br /> _ 2. MaMWy Payo�ts at Taxes. lawraace iwd atbd' Cl�es. Borcower siwll inciuJo in eaoh manthlY PaYment. �
<br /> - -- '`�I togdher wilh the princip�l and imen�st m aet forth in the Nocc wtid any lue churges.an installment ot 4n�(a?wxex and spa;iul _._
<br /> .-� assessments leviod or to be levied aytainct the Pnsperty. lb1 le�sehold payments or �rowri renui on,thN BtopeK7, and(cl
<br /> --_----=`;�I premium�for insuram�e required by par�raph 4• -
<br /> ,E�, Each monthly irwallmccu for items la).lb),ard(c)shall equal one-twelfth oP the ann�wl omuuntti.as ncas�nubly estimatod _
<br /> =n�_�.a� b�r Lcnder.plus an amount sufflcirnt to mai�ualn an additional tr�l��e uf�wt mure tl�s onc-�ixth,of Uw estimated am�unts.The
<br /> - ° full�uwal antount for each item shall be accumulated by Lender within a period ending otre manlh hefune un item would
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<br /> ---�`='a� become delinquent. l.ender sfwll hold the amounts wltaKed in trust w pay itetne lal. (bl, wn1 (ul buWrv Utey become -_
<br /> ::::.'�` deJiaquent.
<br /> �.1-� If at any tirne the totul of the payments held by Lerder for items lu). Ib). w� l�). eugethar with tho future moruhly
<br /> _ __ :�^:r� puyments for such items payable to Lender prior to the due dates of such items,exceeds by mom thun one•siath the estimated
<br /> -�•h i amount of paymenes required to pay such items when due,and if paymenls on the Note are cmrant, than l.ender shcJl either
<br /> .:_.,�:�:,. � { rcfund �he exccss over one-sizth of the estim�ted payments or credit the ezcess over one-sixth af dia estimated paymenta to
<br /> __=�,y,;_;;;�.., i subsequent payments by Borrower, a�dse option of Borrower.If the towl of the payments madu by Burrower for item(u).(b),
<br /> __,���t X��< � o r (c y i s i n s u f t i c i e n t t o p�y t h e i t e m a�e n d u e. t h en Borrowet shall p a y to Lender any pmnunt ae�.�essary to mrke up the
<br /> _ s`'`ah:'�;��`__i deficiency on ar before the date the ite�p b�ecomes d+ue..
<br /> >..,.�_-���4 � As usod in this Security Instrume�x. "Secret�ry.. means the Secretnry of iiousing nnd•Uiu+u� I�v�lt�smtmi at his�het
<br /> -;-"��� •r" designee. ln any yeu in which the L.end.�r must pay a mortgage insurunce premium to the Sccnetury, r.+ch monthly p�roent
<br /> °`"'= � '• shall also include either. (i1 an installmenl of the annual mongage insurunce premium to be puid by Lendnr ta the Secr�eraty, o�
<br /> -���''. •-�rj' (ii) a monthly charge inste.�d of a mangage insurunce premium if this Sec�urity ln�trument i� hald by the Serret�ry. Each
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<br /> � monthly installmenc of the mortgage insurance premium shall be in un amount sufficient to uccumulute the fuli annw�l mongage
<br />-"�"''�5����,'.��: � inwrs�nce premium wilh Lender one month prior to�he d�te the full nnnual mortgage insurance p�mium is�w d�e S�rrewry.
<br /> —'''A1}LF}�� : or if this Scxurity Instniment is held by the Secretary, each monthly charge shull bc in.an r�rtwunl equ�d o0 o�-t�relfth of
<br /> - - •=•"--'���'�' � one•half percent of the ou�stnt�ding principal balance due on the Nwe.
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<br /> �'�"�� - � If Borrower temiers to Lender the full payment of all w.ms ucured by this Security In�trument, Burfu�wer'�acc:cwnt shall
<br /> -'�`-===r"��. be credited with th�balance remaining for ull insta{iments for items (a>, (b), und (c) and :►np nwKguge insurance premium
<br />•°'�"�'�`="" instollment Ihat L.ender has not became obligated to pay to the 5ecretury.and Lender.hall�prumptl!r refund Any excti�ss funds to
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<br />-°",`-�'��`�ii�s'.,, Borrower. Im�nediutely prior to u forecloaure sale of thc Propeny or its aryuisition by I..�:ndur. &mvwer s ucount sl�ill be
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<br /> _.,.,,..., credited with any balance remaini�g for all ins�allments for items la).(bl.and Icl.
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<br /> --;'{�.•'-.�,.. 3.Applicatlon ot PAyments.All payments under paragraphs I und 2 s1w11 bt uppliod by l.�:nder as follows:
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<br />���.�•.;r:fij�!s�; . First,to the mortgAge insurance premium to be paid by Cxnder to the Secretury or t«�he t�wnthly churge by the Secrett+ry
<br /> -�`��'-�="'�*� � instead of the montNly morisage insurance premium; _°
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<br />--_ ,;:� Second.to ony twces. special assessments.learehold paymants or ground rents.und tire. Ilwxi ond Wh�r nsurance
<br />-� :�',• . premiums.ac required:
<br /> +, �'�ti . Third,to interest due under the Note;
<br /> . . � � � Founh,to aunortivation of the prinripul of the Note: t
<br /> •• , Fifth,to late charges due under the Note. f
<br /> ^ •� �-4RINE1 Pay��o�s
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