|
,��_ . .
<br /> , � 9�4-� ipp�g�
<br /> 'I�OBTNBR WiTH all the impmvcmnnn now or herafter erocted on the propeRy. wd dl eakmentr� ri�ht.�,
<br /> �ppuetr.�i�i�oa►,rents.rnyahien.minernl.oil ond Qw N�hu�nd pnnfit�.wuer rfyht�wxi aock and dl fiswra now or heroaftar�
<br /> ., put oP the property. All rcpl�cemeM� and additians�lu�ll da be a�ova�ed by this Socudty Inurunxnt. All of the fon�oir� i�
<br /> rofemed ta(n thb Securiry Inawment os Ila"Pmpcnty." �
<br /> BORROWER COVENANT3 Uwt Borrower i�Iwwfully rcisad of It�c cstatc hereby mnveycd wnd h�x the rlght to Qmnt w�d
<br /> wnvey the Pro{xrty and thAt�he Property i�unerrcumberod,eaoept for encumbranccs of rocord. eomuwer wur�nu iud will .
<br /> dcfend�cnesnlly tbs tide w thc Property a�ainst�II rleima and demanda,subject to�ny encumbrancee of reau+d.
<br /> 1.Payment ot PrlryclpW,IatercW and I.ate C6�ry[e.Ban�nwer�Iwll pay when duo�he pdncipal of.�nd interort on.�ho
<br /> debt evWencad by 1he Noto ond I�to ch�rya dua under the Nate.
<br /> 2. Monthly Paymmts ot Twces, Insurnnce and 01ha' CIu�rRec. Bonower shull include in each monthly payment,
<br /> together wlth the princlpal ond interest as set fohh in Ihe NcNe and any late chnrges,an installment of any(a)laxes and special
<br /> assessmema levi�d or to be levied egafnct 1he Property. (b) le�eelwld paymentr or Qround t�enta on tho PropeAy. and (c)
<br /> prcmiums ior incurAnce roquiad by para�rapl�4.
<br /> Each monthly installment for items(a).Ib),end(c)sholl equal one-twel8h of the onnual amaunts.us rcasanably estimuted
<br /> by Lender.plus an amount suf8clent to malntein an additionAl balence of not more�hen une-sixth oP the estimuted amountx.The
<br /> full annual amount for each item shall be �ccu�nulated by Lerder within a per�od ending one month bePorc an item would
<br /> become delinqucnt. Lender rhall hold tha arnount� uoltected in truat to pay itemc laf. (bf. +uid (c) bcione they b�xome
<br /> dclinqucnt.
<br /> If at any time the total af thc puyments held by L.ender for items (a), (b), nnJ (c). togeth�r with the future monthly
<br /> paymenls for such item.�payable ta I.ender prior to the due dates of such items.exceeds by mare than one-sixth the estimaled
<br /> amaunt af�ayments required to pay such items when due,and if payments an the Nwe ure current, then L.ender shall either
<br /> retund the exces�over one-sixth oP the estimaued payments or credit the excess over one-six�h af the estirtwted payments to
<br /> � subsequent payments by Barrower,at the option of Borrower. if the total of the payments mude by Bormwer Por item(a),(b),
<br /> • or (c) is insuificient to pay the item when due. then Bormwer �h�ll pay to L.ender any emount ncxessa�y to make up the
<br /> deficiency on nr bofore the date the item ba:amKS due.
<br /> As ueui i�t ihie Se�.�urity Itit,tntmeni. "Sccrctary•' mcans ih¢Secretary of Ho�.sing asu!Urbsn ikveloptncnt or hls or her
<br /> designee. !o any year in which the Lender must pay a morigage insurnnce premium ta the Secretary, each monthly payrn�nt
<br /> shall also include eithar:(i)un ins�allment of thc annuul monguge insurance premium to be paid by l.ender to the Secretary, or
<br /> (ii) a monthly charge insteud oT a mortguge insurance premium if this Security Inslrument ic held by the Secretary. Ench
<br /> monthly inxtallment of the mortgage inwrutxe premium shnll t�e in un amount sufficient to uccumulute the full unnual monguge
<br /> insurwnce premium with l.ender one month prior to thc dute the full unnual mortgugc inxurunce premium is due to the Secretary,
<br /> or if this Security Instrument ia held by the Secretary. es�ch manthly churge shull be in un �unount equal to one-twelflh of
<br /> one-half percent af the outstanding principul bulunce due on the Note.
<br /> If B�irrower tenders�o Lender Ihe full puymem of ull xums secureJ by thiti Security instrument, Borrower's account shall
<br /> be cralited with the balunce remaining for all installments far items (u). (b), unJ (r)und any mortguge insurrnce premium
<br /> installment that Lender hos not bernmc obliguted to pay to the Secretary,and I.�:nJcr�hull promptly refund nny excess funds to
<br /> Borrower. Immediutely prior to u fareclosure xale of ihe Property or i�s acquirition by l.ender, Bnrcower's accaunt shall be
<br /> credited with any bulunce renmining for ull installments for items la),(b),und(c).
<br /> 3.Appllcation ot Poyments.All pAyments under parugruph� 1 und 2 ahull be appli�!by Lender ac iollows:
<br /> First, to Ihe mortguge insurunce premium tn be puid by L.emlcr to die S��crewry ur tu�he nx►nthly chargc by the Secreuiry
<br /> instead of the monthly mortguge insuruncc pre�nium:
<br /> 5ecnnd.to uny toxes.special asxessmeMs,lcasehnld puyn�entti nr ground rcnts,and tire, tlood und rnher huzurd insuranco
<br /> premiums,uc requircd:
<br /> Third.to imerest due under�he Note;
<br /> ['ourth,to amonizution of thc prinripal�.f�hc Nutc;
<br /> Fifth.to late charges due under the Notc.
<br /> ��RINEI vw�aot e
<br /> •� .
<br /> - r�. cp+f ^i.�n .,...r,..�--- •— . : .. - .�_�,,:•s�ay� �.•x
<br /> _ dy ��^�_.p:�r � � , _ -� � u-. ,-��.,� �� � � y!!...., q�. -a
<br /> �r��S{/M1�� F^T' � _.�' "L1Y J'` _ . �w�r�p'�V
<br /> �� } '�'�" ¢,-� �•• ],d2..'S tbCAM.LH'^k�� N
<br /> - jr .a. .- .. t..` ����.R±Y�is��r.r�34e'� �+�.a...i._••idLby��AL�4 4:� .
<br /> _— --.,ft�:..�tX_:�i��:".r,u.S,�ssfF..S'� . . ...�4�d�l.tidd~ic�l_ _�_2it.��i�{�f���_i��.,.. .,.
<br /> — _ � 'a � � � ' ar�.�r'�'L^'�u• .� y,:�{�Sd.t�.J7.".�ti�yr"�'s�e
<br /> ''''`,t,� .�ar 1 '.,iJk�{ �y �
<br /> - - ,��44'1r�'Y � r�1'�� .. Y Vl'�'Y� } . . N'�r�(,,w�'i•::.�Uy r i "'.�. .. . . _.
<br /> :hi1] i.. t� ° -�- a � . 4��?� ow., •.. .. .
<br /> -u �i�! 1 �. �.at-y.� :�i e.�-. � r n:i. i ' S %�� C * ��: . . .
<br /> --- �- .r 1 zA �tllti '� � 4 1� - -
<br /> . .-_ .c.l'}���y��-k .,u' �'-F +u�� �I I^ � .r�u�. ,Y.v:. . .
<br /> � - M�-%ii fi s.
<br /> . - - c=� - �s L. ° 24�..i�~�� „ 1��` -i��1.�-A'. '• -.
<br /> --__._ . _'=_.___�r:c�_a,��,'�'���L;..��f:r.�f-. � �.:tro . . ^�� .� .� o � '-. . u 4 '
<br />
|