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<br /> �, 1. [�ay�ncut of�'tlncij�nl�IOf+:YiSF Al7i�I.�4C Cit�i'fi;c. fJa�ra��ce shali�tay�vii����duc ti�c p,i.uci�r.�l ux,r�sl luq�•��.:t u:�, u.,,.,•_,.
<br /> — thedeUt evidrnced by t�ie hotc and lute ci�a►-�cs duc under t!i�Mote. y p Y
<br /> _°--- _— �. M�nth�y pAymentv of'Ik�sGS,Insurance and dAlicr Chaa•qes. Fiorra�vcr sh�tl includc€�z cac1��iionthl 1 rricnt,
<br /> I together with the principal and interest us set focth im thc A1oYe tu�d any Inte charg�s,an instttllment af any (a)taxe:s and
<br /> -=�—"�'�'°'��; s}xcial assessmcnts levied or to ba Ic:vied nNainst the Yropen;�,(b)leaschold payments dr ground rents on the Fro�xrty.a�d
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<br /> -�' (c)prctniums f6r insunuice�rqui��:� by .ua�rap i .
<br /> Esch monthly installrnen� for items(a),(bj and (c) shall equal one-twelfih of the unnuui amounts,as reasonably
<br /> estimated by Lencter, plus nn amount sufficient to maintain an ndditional balance af not rnore than one-sixth of the
<br /> estimated amounts. 'I1ie full annual amount for e,^.ch item shnll be nccamulated by I..ender-within a period ending one
<br /> month t!efare nn item�vouid becomc delinquent. I.ender shall hald the nmounu collected in trust to pny�teitts(a),(bD and• .: ,
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<br /> — (c)befon tlney becomo delinqucnt. • ,
<br /> -______�i If at any time Qie total of the payments hetc!by Lendcr for items(a),{b)and(c),tageEher with th�frRUre month{y
<br /> :-�d� pay�;ien�s for such i��ms paynble tn l.ender pri�r to the duc dates af suGb ntems, oxcecds by mo�,Fhan.one-sixti� the
<br /> a;�?��� estimated amount of payments requ ired to pay such�tems when due,and if pnv1nt�nts on the Nate are curmnt,then L.e»der °`°` �
<br /> `''"�O!"'o' shall either refund lhe excess over one-sixih of the estimuted payrnents or cmdit the excess oter one-sixth of the estimated
<br /> - — = paym?nu to subsequcnt payments by Bortower,at the oprion of Bonower. If c.he totnl of the payments mude by i3orroa'er
<br /> --- _ = for item(n),(b).or(c)is insufficient to pay the item when due,Qien Borrower s�:11 pay to Lender any umowit necessary to
<br /> make up the deficiency on or before the dste the itent becomes due.
<br /> As used'en this Securit�Instrumtnt,"Secretary"means tha Secreutry o€K�asing and Urban Development or his or her _
<br /> �—_ �—. designeQ. In uny ycar in which th.e Lender must pay a murtgage insurance premium to the Secratury,each monthly payment
<br /> -- °- — _ � K7aU also i�cluda cithcr: (i) un instAllment of the nnnual mortgugc insurancc premium ta bc paid by Lendcr to tht
<br />---- _---°—=•�tia. Sccretary, or(ii) n monthly churge instcud of n mon�iige insumnce premium if this Security Instrumcnt�s held'uy i5� _
<br /> —� -Y rl��.Fa��.-` SvCrClRry. Each monthly instullmen�of the mortgngo insurnnco premium shall be in nn umaunt sufflcient to nccumulute the
<br /> —�W���.,:::.;r .�. � f ull snnunl mortgngc insurance premium with I.�nder une nionth prior to the dnte the ftdl nnnunl mongn o insurance
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<br /> � prcrrium Iti duc ro thc Sccrctnry;nr Ii tiiis Sr.curity Instrument is i�cld Gy thc Sccititary.cacli manthly chargc s m11 bc in nn
<br />„�.,;�A::�,.•. �::��:,�; ranuunt equnl to one-twel8h of one-half percent uf the uutsin�iding principal balnnce Jue on the Nute.
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<br /> ,.�:;�,,.�,�; If llarrower tende:i to l.ender the full pnyn►ent of nll sums secured by this Security Instrument,Iiorrower:account
<br /> -.�,.u,ti•:#�;���,}�' yhnll be cr�dited with the bulunce remninin� br i+ll installments for itcros (n),(b)nnd (c) nnd uny murtEagc fnsurance
<br /> T:=-M".,y��A.1�w :, I �remium instnllmcnt thnt[.cndcr ha.+not bccomc oblfguted to pay to the Secrctnry,nnd Lender shall prom�tly i�eAiud any
<br /> - '- �•°i'�'�'' ' exces9 funds t�Borcower. Immed�atcly prior to n fumclosure snle of the Praperty ar its acquis{tion by Lender,Borrower!�
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