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<br /> 'TC�[3F."X'I-�F�A WITH ell the innprov�mtntr�rtnH or hasa�iter erected mi tha pnrpw�y,artA aU eseemea�tr,ri�hte,
<br /> . • *ppurter�ncxe,rentrr.rayaltsea. mtnarwl�m11 �nd gw ri8hte pnd NmfJt�.Nater ri�hts and etc�cJ��nd.d!tixtute�rwrr or
<br /> twtdnttec a part at tho praperty.Afl npl�camantd md�ddItiotus�11 dsn be a�vorod by thi�Security Iu�trurt�ea��11t a�
<br /> the toroaola=3e referred win,thle Seaurity Icxrtrumont�e tRe"Propercy."
<br /> HC)RROWBR CUVBNAAi't'5 thst Borro�er te lneiully seieed oi the�tato tun+eby cotiveyad aad!u�the ri�t to '
<br /> �c°�ii crac!aa,nv::q thc x'sag�.,rty and that tho Pm�rrty in unrn��tmtxm�l�exr.�t for encun►btat�ce!s ot r�trrd. �brmwer _
<br /> wrrr�ats tad Mlll def�nd gener�lly the titte w the Property api�et dl cldme�nd dom�ads,subjeat to anr aaoumbraaoa .
<br /> ot rxard �
<br /> 1.paYaneut oi�'rlaetp�l.Interest and I.�t�Chuso.Barro�vor shall pay whea due the prlacIpal oi,�nd interoet
<br /> on,the debtevideacad by tho Noteand latechugee duo undartheNote.
<br /> 2. Moathly Payments of Taies, In�uraace a�td Other Ch�rjes. BortoMer ehall inolude In eaah uionthly
<br /> peyment.wgether wIth the prinoIpal add iaterest as sot forth in the Noto�ad aay late charg�s�ui inswllment of any(a)
<br /> ta�ces aad specIal eae�e�nanta lovled or w be lovied agaiust the Property�(b)leasehold puymenta or gmuad reats pn the
<br /> Praperty�end(c)premiums for iusurettce required by paragraph 4.
<br /> Baeh monthly iasu+llmont tor items(a),(b).aad(c) ehell cqual one-taelfth oi the acuiva�amouate.ae raso:►tbly
<br /> . as�iutaeed by Lender�plus an amaunt suftictent w maint�a aa addltioue!bnlnnce of not more�hen oav-r;ixth o!the �
<br /> eattmated amounts.The fuU enaual amount tor each item ehsll be acaumulated by I.ender within a Feriod aading one
<br /> month befora an itam would bacome dellnquent.I.eadar eha}t hold t�e etno�snts collected ia tn�st to py items(s)�(b),
<br /> aad(c)befarethey bocome deliaqueat.
<br /> It at aay time the total of the paynients held by I.ender for itame(a)�(b��aad(o).together wIth the fut�m montttly
<br /> payeneats for euch iteme payable to Leader prtor w the due dates of suah Iteme,e:ceods by more then one sixth tho
<br /> esttmatod amotmt of pnyments requirod to pny such iter�na when due�aad if paymea�s on the Note are cunent.thon
<br /> Leador shall either ceivad the exceas ovar ono-sixth ot the esGtmnted paymenta or credit the esczsa over ona-eixth of the
<br /> e�timated paymenta to su�uont paymeats by Bomower,at the option of Borrower.If the totel of tho paymeate made
<br /> by Borrowar for item(a).(b),or(v)�s iasu4ficient to pay the ite+m when due�thaa Borrower aha11 pay to Leader any
<br /> ���i�ry u�mako up the deilcienoy oa or befora the dats the item becomes due.
<br /> As�sed in this Socutity Inscrurnant,"Secretary"meana the Secretary oi Housing and Urbaa Development ar hie or
<br /> her designee.Jn aa�year in wluah tha Lendesr must pay a mortga�e insuranca prosnium to the Seatetary(or eay year ia
<br /> whtch such premium aould hnva beea roquirod tt the I.ender et�U hald the SeaurIty Instrument)�each monthly p�ymeat
<br /> shall also include either. (i) ea instellmeat of the aaausl mortgage insuraace premium to be paid by Leader to the
<br /> Secretery,or(ii)a moathlq charge instead oi a mortgaga insurance premium if this Sectulty Inetrument is held by the
<br /> Secretery.Ench moathly insteliment of tho rttortgaga ineureaca premium shall ba in an amount auifIcieat to acxumulate
<br /> the full annusl mor4gage insuraace ptemium with Leader one tnoath prlor to tha data the full aaanel mortgage iasuranca
<br /> premium is dua to the�CCreterq�or ii this Security It�swmant ie held by the Secrotary�each monthly ohargo ehall be ia
<br /> aa acnount equal to oae-twelfih of one-helf perceat oi the outstanding principal balaaca due on tha Note.
<br /> If Bonower tendera to Lender the full paymeat of ell sums secured by this Security Instrument,Borcowar's accouat
<br /> shall be credited wlth the baleace remaining for all installments for items(a).(b).and(c)and aay mortgago insutance
<br /> premium instellmeat that Lender hes no�t becoma obligated to psy to tha Seasetary,and L,endar shall promptiy reiund
<br /> any eacess funds to Borrower. ImmeBiately prior to a foroclosure sele oi the Proporty or ite acquisitioa by L.eader,
<br /> .�r .;<
<br /> Bonower's account ehell ba credited with any balaAce remaiaiag for ell installments for iteme(a).(b).and(c).
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<br /> ''"`� 3.A licetioa oi Pa meats. All ymeats uader are hg 1 and 2 ahall be a lied b L,ender as follow�
<br /> _�� '��t,-T�`�•� PP Y Pa P 8�P PP Y
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<br /> ;�'�`�'�-'�`°t First.to tha mortgaga insuranca ptemium to be paid by Lender to the Sectetery or to the monthly cherga by the
<br /> , `yti,:.>...�•�
<br /> Sec��etery{Aetead of the monthly mortgage ineuranca prem ium;
<br /> �'`'' "��� Secoad�to any tsxes,spec�al essessmente, leasehold paymenta or grouad rente,aad fire, flood and other hezerd -
<br /> ;.r�„�+�;,'<". ; insuranca premivme,as requtred; ';��.:
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<br /> ��;Y.�s,,^ , Third,w intes�est due under tha Note;
<br /> .:n��'•`+ ���;,,,�` Fo"—urth�to amortization oi tha prIncipal af the Note; '�"
<br /> `>;;r:�`..�:"':7i�;..�� Fi�to latacharges due under the Nota. .1�,'':
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