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<br /> '. % �* � 'POOBTt�It WITL�I eU the improvcmants now or hereatter erectad on U►a property.end al!easemcnts�d8ht�.aPP��� �R�•_
<br />��' renn.noyatda� mir►ae1.oU end �as �ights and profits. watcr rights end stocic and aU fi�cwe+es now on c�reafter a put ot the W.__._
<br /> =' propo�ty.AU mpincemer�ta and addldona shall e�so ba crne.rad by thls 3�ecurity Inawmen�Aq oP tho[ongaing ia mfurcd to in - r_ ._-- --
<br /> - thii 9ocudq►Insttutr�mt iu tha"Pmpetty.�• --_
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<br />- � _,.'"- :.. , SORItOWRR OOV8NAN1'S ltuU Hotrowct ls lawttilty scised of the�stato hemby conveyod end has Ihe right to grant end ' _ _ - -
<br /> �° ' .�.:.ak;�,; convey Iho Pmpeity and that t�a Prc�paty ia unancumbaai,e�ccept far a►cumbrancav oi record.Bor[owu wariants end wW —►_=,�----
<br /> �:���:� ..:,�, dafa�d ga�erally Ihe dtle ta tha Prapaty against sll cWms and dernands.subjxt to any encumbrances of cecoM. t:'��•��,�,._,;;�,:�--
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<br /> .� I.Psyment o�Pr6ictpal,IaW�est�ad L�t�C6arga Socrower sball pay when dua the prIncipal of,snd lnterost on►the � .,, <<.,�.,�,
<br /> � � � :` t� dCbt evldEtttad by tho Note end lats Chatges dus under theNotc. � . .. �`'.;;�';;�`�'`-
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<br /> �`n �. 2.Mont6ly P,nyments otT�ces.Uww�nce and Other C6wrgea Brnrower shall includo in each monthlY P�Y�ent� � ,. �:`:;`'4:.;!�"_,.
<br /> , with the riaci al attd in0erest as set farih in the Note and any late chatges.an instellmertt of any(a)taxes end spociat ;�.'" .;`.;�^;�-�:_r�
<br /> , togGher p p ,
<br /> assesaments lavied or to be levled agaEnst tha Propeny.(b)teasehold payments or ground cents on the Prope:ty.and(c)premiums . . �;�. ^ —
<br /> � � for i�surance required by parag�ph 4- • �N,�` __
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<br /> } " Sech monthly instalimeat for itema(a),N).and(c)shaU equal on�twelfth of the annual amounts.as reasonably e.gtItnated .` '
<br /> - _--..__ _...__ by I.utdes.Plus an wnuwd ouftti.t�tii to iik�i3ln ass addidats3!68lRnCi+of not mo�tttsm ot�wsixth of the esWnsted emouttUS.'Itte __ ;,. � __—
<br /> ° � � fu11 annual amount for each item s h e l l b o accumu l a t e d by L e n der w i t h i n a p e r i o d e n d i n g o n e m o n t h b e f o r e a n i t e m w o u l d b e c�m e � s�,"�;__.
<br /> dellnquent I.eada shaU hold the amounts wUected in tiust to pay items(a).(b).and(c)bofare thay beaome dclinquen� � ,, , .
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<br /> � ' If at any dme tbe tnlel of the payments held by Leaider for items(a),(b).and(cy.togeU�er wlth the fuwre monthly payments `�,�. "=r.+�,:
<br /> � ' for sucfi items payable w Leadea prtor to the dae dates of such items.exceeds by mor6 then one-skth the�dmated araount�f .. ;��'�,�-,_
<br /> .: ' „ paymeats reqnited w pay such itema when due.end if payments on the Nota aru c�t�thcn I,atdtx shall etther refund the . ��
<br /> ' eacess over on�slxtb of the esdmstcd paymeats or crodit tha euc,ess over on�sixth of the esdmate,tt payments to subsequent '���;;�
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<br /> • payments by Bonower.at tha opdon of Boirower. If the total af the payments mado by Botrower for item(a)�(b)�ar(a) i s
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<br /> ' tnsuffickat tn pay tho ium whea due.Ihen Borrower sheU pay to Lender any amount necessary to maka up the dcftctency on ar ° '.�: .
<br /> _ ' befoce the data tha irom bocomes due. .
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<br /> As usod in thb Sacurlry Insm�men�"Socrc,tary" means the Secreuuy of Housing and Urban Development or his or het �
<br /> ' � . in an ear in which the Lender must pay e mortgagu insuranoc+premium to thu Sc�crotary(or any year in which such , � " ���:�
<br /> designae y y .•
<br /> ' - .. premiwn woutd havo bee� requircd if tho Lender adll hcld tha Security Tnswment),cach monthly payment ahatl aiso inclu�le ". ,.•.
<br /> eithor:(i)en installmont of the annual mortgage insurancc premium to bo paid by Lcnder to�he Socre�tary.or(if)a monthly charga
<br /> instead of a mortgage insierance premium if this Socurlty Inswment is held by tha Sexrctery.Each mon�hly lnsteUment of the �
<br /> ° mortgaga insurer►ca prcmium shaU bs in an amount sufficican to accumulatu the full annuel mortgage lnsurance prcmium wlth , f
<br /> L�der one month prtor to the date the fuU annua] mortgago insurenco prcn►ium is due to tha Secretary.or if this Securlty ,
<br /> Instmummeat is held by the Secremry.each moathly charge shall be in an emount equal to on�tweiflh of one-half percent of the , °{ ;�
<br /> - outstending principal balence duc on the Note. . '•` ' , .
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<br /> If Bomnwer tenders to Lenda the full payment of aU sums secured by this Securlty Inatrument,Sornower's account shail be : ��!"�
<br /> credIted wlth the balence remaining for all insteilments for items(a).(b).and(c)and any mactgege insurance premium installment r�:'� _
<br /> � that Lender has not became obligated to pay to the Secretary,and I.endcr shall pmmpdy refund eny exce.gs funds to Sorrower. I • �
<br /> � .. Upmedietsly prior to a foreclosure sale of the Anperty or its acquisidon by Lender.Barrower's account shaU be credited with aay � .. _ .i*.�z
<br /> balance remain�ng far a11 instaUments for items(a).(b).and(c)• . ...; ��
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<br /> � 3.Application ot Paymentv.All payments under parsgrephs 1 and 2 shall be app l t e d by L e n d e r a4 follows: i. . .
<br /> g�tgt,to the mortgege insurance premium to be pald by L.ender to the Secremry or w the monthly charge by the Secretary I � ��
<br /> �- instead of the monthly mortgage inswa�►cc premium: �
<br /> $�yd.to eny taaes. spcciel asses.4ments.lcasehold payments ar ground rents,and tirc�flood end other hazerd insurance i a�
<br /> " premiums.es required: ,, '•
<br /> �t[�d,to interest due under the Note: •
<br /> � gqy�b�W amonizadon of the principal of�he Note; . '
<br /> ;_ r , �,to late charges due under the Note. ✓���� 'V
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