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",_ _ <br /> :i / :r�iYr�_. .__ .._ -- _ - ._ ... . <br /> ,� • . � . �.� n <br /> � � � <br /> ' T170��3R WiTH a1D thr�tmprovama�w now or he�reatter ereatod on tho pri7opc�rty,a��l].�'���te,cighte, <br /> - �ppurterancai,rente, rayiltlev�mineril, oll end�e riyht�aad prof�te,water rl�hhts�nd ett�ck aud all tIxiuros aow or -� <br /> hm+a�fter a put oT tha praperty.All repincamente and eddl�tane ehAll aloo be coveted by thte SoourIty Iaexru,ricnt.All of <br /> the foregolag is referc�ed w tn ehte Security Inetrurxient�e tho'�Property," <br /> HURRO�iVBR COdIB1VANT3 th�t HorroKer te la�rfully eefeed af the eetate henby c�mveyad aAd b�e the d�ht to � <br /> ��ent aud eonvey the Property asid thtt the Propetty te uaencumberod,eacapt for encumbraacee oi rocord.BorcoMar <br /> - ----f�--�' karnnte and Ntll deiead�enerally the dtle w tAo Propaa�ty a�iuet sli claime and dem�nda�aubjeatto aay eacurtebranoes , <br /> ni rxard. <br /> !.P�ymoat oi Princip�l�Interat�ad Late Char je.Bonower ehaU pay when due the prIac�pel oi,aad intestixt <br /> on�the debt ovtde�cal by tho Notaaad bte charQee dne under the Note, <br /> � 2. MoatWy Payraeats o! T�:a. Insuraaca �ad Uthar Chujos. Borrower shall Iactude in aci� mon4hly <br /> .- paymoat,together with tho priacipel ai� interest as set iorth in the Note aad eny late ahugae,an tastallment ai any(a} <br />-_ — taxes aad epocial�sseesmaats levied or to be lov�od agaiast the Propetty�(b)leasehold payments or gmund reaos on the <br /> Pmperty�aad(a)prermturae far iasurance t4quited by peragraph 4. <br />- - Baoh montlily inatnUmeat for itams(e),(b)�aad(a)sh�ll eqwl ona-tareltth of the aanual a�aounts,es�onablq <br /> - - estimatod by Loador. plue an amount sufficieat W maiatatn en additionnl balanoe of not more thaa one�sirth oi tba — <br />` eatimsted amounts.The tull aaauel amount tor each ium e1�e11 be accumolated by Lcndet wIthtn a period eadiag oae � <br /> -- month before ati Item would 6ecome delinqueat.Leader ehall hold the amouata oolleated ia tr�atto pay iteme(a),(6), <br /> — and(c)bofomthey become deliaquea� -- <br /> If at aay time the totel of the payment�held by Leader ior itema(a),(b),nad(c),together with thw�utua�e moatttly <br /> - - payments�or auch items payable to LEnder prlor to tha due dates of such tteme�ox000ds by mare thaa one�eisth the <br /> estimated a:aount of payments requirod to pay auch itams whoa duo,ead if psymeat�oa the Note are aua�tbnt,then <br /> Leader shall either refund the excesa over oae�iatS�af the estimated pnyments or cred3t the euxse over one-eixtb of tha _ <br /> estimated psymeata to subeequent paymente by Borroaer,at the optioa of Borrower.It the totnl oi tha�peymenta made <br /> � � by Borrower for item(a) (b� or(c)is insutticiant to psy tha item when due�then Bortower ahell pay to Lender nny __ <br /> :Y� nmount aer,esnery to make up the deficieaayon or before t.he data the item becomes due. — <br /> - -_.,__. . _ <br /> i gc;�. • <br /> ��� Ae vssd iA thie Soourity Iaetru�ant."Secretery"means tha Scctetary oi Housing aad Urbaa Development or his or <br /> �� � her desigaee.In any year in whIcb the L�nder must pny a mortgaga insurancs premlum to tha Secr�tary.�(or anq year ia <br /> _ whiah euah premtum aould have beea required if tho Leader still held the Securiiq Inetrumeat�.each monthly paqineat __ <br /> •� shall also include elthar. {i) an iaetalluioat af the eanusl mortgage insurance ptemium to ba paid by I.endor to the __� <br /> � ���';` �- <br /> Secretery�or(ii)a monthiy cbarge inetead oi a mortgage insuranca premium tf thts Security Ineaunient ts held by tha '___ <br /> Soce�etery.Esoh monthly Iastsltment ot the mortgage iasw�ance premium shall be fa an amovat suiticioat to accu:auleta �'�- <br /> tull usl <br /> neort e insuranca ium aith Lender one moath rior to tho date the/ull eanual:aort is�surauce F.�:� <br /> e aau <br /> . t8 Ss8 P� , P BaS� _- <br /> . . <br /> p�omiam is duo�o the Secretary.or if thie Secunty Is�etruaient la held by tha Secretary.eaah moathly aharge shell bo in �_;_`•: <br />_ an amount equal to one-twelithof ona-Mlf perexnt o?the outstnadiag priacipal balanve due on the Note. . - <br />- .;� . <br /> Ii Borrower teudors w Lender the tu11 paymeat of all sums eecured by thie Security Inatcumeat�Borrower'e acoouat :x;; <br />" ' shall be credtted with the balanr.e remeiaing for all installeaents for items(aj,(b),ead (o)and any mortgnge iusuranoe ,; ;_ <br /> premium installment that Lender hss aot becoma obligated to paq w the Secretary,end Lender eholl promptiy retund <br /> �ny excess tunds to Borrawer.Immediately prlor to a foreclosure sale of the Property or im acqvisltioa by I.euder, �y_ <br />:.,, <br /> �orrower'soccouutshall be credited With eny balance remeining tor all iastellmente for iteme(a).(b),aad(a). ','�. <br /> .� 3.Applic�tion�t P�ymeate.A11 paymente uades paragrephs 1 aad 2 shell bo applied by Lender as follow� = <br /> - First,to the mortgage insurance premium to.be paid by I.endor to the Secretary or to the ra�nthly ctanrga by tho - <br /> k Soctetary instead of the monthly mortgage insuraaoe premiura; ' <br />_ Second.to aay tagea,epxisl assessments,leasehoid paymaats or gcound routs,and itre� flood and other hazerd ': <br /> tnsuranoe pramiums.as requind; � <br /> Third.w iaterestdue uader the Note; '•;: <br /> Fourth,to amortization oi the principal of tha Note; �"`�" <br /> � ►t�.to lats chatges dua uader ttro Nota. � <br /> • �4R�:J.�0��� v.n s er e In1:lslc���� <br /> �ti <br /> � . <br /> i-_�L..�.:�;•. <br /> ,.�'t••�� !: � t �� .�•'r.. �i...Y�'.ii,.+t'-, r ......_-.-- <br /> �, ,'•'1tNl. 4 <br /> +� . ... .�. .... _._._ . � � . � �t._ _ _:'�vr . . <br /> , <br /> •r;:".., . . . ' - � ! 1• . . 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