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<br /> • ' " 'd !' BoYrower shall Qay when due the principal of,and intereston. ' . � �
<br /> t � ` 1. ['�ayment oY Principal,intepest and Late C6arge. " �'r`A,�-.��
<br /> � the de6t eviQenced by the Note and[ate charges due under the Note• a men� _,
<br /> ' 2. MontWy P89�Qn�af 7Yute�`I°sur�re�►d Oihcr Cdt►rges. Borrower shall include in e:sfi mpnthlY P Y ,. .�.;_,:-Y__-_
<br /> � , , , tagether titi�th the princip�l and intere�t as set forth in the Na.e and any late chargcs.nn installment of any(a)taxes and :.:y..___.�
<br /> ��°.;,:t;. -
<br /> , • spECial assessments levied or to 6e levied against�e PcoPertY.lb)leasehatd Qayments or grourtd rents mn the PraAertY.and v_��-,;:-_--
<br /> ' . (c)Premiums for icuurance reyuued by FaragruP `;,-___
<br /> �`` � ` �a�h monthly instaliment foo�i sufficient�to m�aintain an additional b ancef of�notnmor han Qne-sixth °f thQ �_'`_=:
<br /> ' '• ` � ' estim,ated by 1xndQr,pius an am ---
<br /> ` ` � estimated amounts. The fuil�c�oum�e de�Muene.r L.ender shaU hotld the amount�cobectedndn trust�to pay i ems().�(b)and �:�..-.-----
<br /> ` month before an item wouid _____
<br /> � -': _ _'_"�-�.; : (c)before they becume delinqueaG ���!d hy Lendcr for itertu la).(b)a�►d(c1;together with the future monthty _--
<br /> � • If at any ume the totai of thc�►yaet -
<br /> ` � payments for such �tems payab2e to Lcr�der prior to th�dae dates�f�u�� '�ents on theYNoie arz umeni.�1►e Lendcr
<br /> . �t��a�t�payments required to pay such items when due.aad if paym
<br /> � � � = sha11 either refurtd the excess over one�sixth of the estimated p3Yments or cred�t the�xcess over one-sixth of the esamated
<br /> . -___ .... . ' payments to su6sequent PaYments bYto�a�tlh�e it�m when due,the B rmw•er hall pay to Lendei�y amount necessary to .
<br /> ' � for item(a).(h).or(c1 is insufficient p y .
<br /> ' . � • • .'�; m�ce up the deficiency on or befoTe[Iie da�the icem�ec�oms�euse���of�au�ing and Urban DeYelo�ment or his or hec
<br /> � As used in[his Security Insnumen�"..ecretarY" e insurance pr�mium co the Sec�etary.ec�ch montNY F�Ym�
<br /> ..� � .;., . �!gn�. (�any Year in which the Lender must pay a martgag
<br /> - � � � sha(1 atso include either. (i) an installment of the annual�mo�e�mium if thi Suecuri Y Ins�me i is held 6y the.
<br /> . . ' • g��ry�or(ii)a monthly charge instead�f a mortSaS
<br /> � � :`. . Secretary. Fach monthly installmeat of the mQrtgage msarance premissm sha116e in an amount sufficient to accumulate the .
<br />, � � . fuU atmual mongage insurance premium w�th L.ender one month prior'to the date th�e�1���ch�$$��.�
<br /> • • premium is due to the Secrei.'uy:or if this Security Inswment is hetd b�+the Secretary.
<br /> � � amount equai to one-twetfth of ane-half percent of the outstanding princ►pal b thi S decurity 1ns Ntrumeent.B°n°tiver�s account
<br /> m
<br /> � ��� � � � If Bartower cendet�to ixnder the fiill�paYment of a!1 sums secuted bY b and(c)and any martgage�
<br /> , � ' � shall be credited with the balance remaining for a1�instalimenu for items fa?,( ) _
<br /> and Lcnder shall promPilY
<br /> , , . ..�. ,. . . : ' .
<br /> --:---._.�.. ..: „ .. . p�etnium instaltment that Lender has not beca o a��losuie s�ale of the Propert�jr.or its acqaisition by L.e¢det,Bomoweri;
<br /> � �. • . . , excess funds co 8arrower. [inmediately p . . _ ._ __...
<br /> • . , . _ ! account shall be credited wiih any b�1�e remaining for all instal�I°�d 2 shaD be appl ed bY Lender as follows•
<br /> •... , • � � . . 3. Applicat�on a1 Paymeots AU payments under Para�rap
<br /> . • .� � � F�RST.to the rrtortgage insuraace pmmium�o be P�d by L.ender to the Secoetary or to the momhly charge.by the
<br /> . , ° .� • Secnetary instead of the monthly mortgage inswance p pm�m: � flood and other hazacd ,
<br /> . . S��'ONQ•to any taxes.special assessments.teasehotd � ents or und reats,and fire� .
<br /> . � insurance premiums.as reyuue d: �'�-
<br /> , . , • } THIRD,to interest due under the Note: �.--
<br /> „ � , . , . FOUR'i'H•to amortization of tY�e principai of the Note: W��er now � `
<br /> • Q,F�.to[ate charges due under the Note.
<br /> _ . . 4. F�F'��a d a n d O i herec[ed.ag a i n s t any ha�ards.casualties.nand co ting ncies.inc l u d i n g f i repfoi whieh Lereder
<br /> • in existence or subseq y Brnmwer
<br /> . . . • � � requues insurance. 71►is insurance shall be maintained in the amonnts and for the periods that Lender ceq�s b �� _
<br /> ' shall also insw'e all improvemeats on the Property.whether aaw in existence or subsequendy erected.agai Y
<br /> � .. to ttse extent required by the Seccetary. All insurance shali be caaied with companies approve�by Lender. The insurance .,;T
<br /> .... _..... ___ . ..... . _ paGcies and any renewaLs 51�a1�be held by Lender and shail include loss payable clauses in favor of.and in a form �f
<br /> . �. . . acceptabie to.Lender. ent for
<br /> [n the event of loss.Borrower shall give Lender immediate notice by ma�1: Lender may make praof of toss if nos
<br /> � •. made prompdy by Borrower. Each insurance company concemed is hereby au,thorixed and dim,eted to make paym .
<br /> � such loss disectly to l.ender.i�tead of to Bcvrower and ta l.ender jointly. Ap or any part of the insurance pcoce�ds�ebe
<br /> � ' �' a lied by Lender.at.i..c�sfcr�.e«he��a1 Tn�:e reduction of the indebtedness under the Note and this Sec�uity -
<br /> pp q �,r h 3.and then to prepayment of priacipal,ur(b)��e -�
<br /> . � , � f u s t t o a n y d e l i n u e►n .i�r�,}lm�� �' ti,:i�.+i.ih�=nrder in Para�rap --`
<br /> • • . � �estorarion or repa�o�����,m��`='i��ufle�y• •315'aPP li c a t ion o t t h e p r o c e e d s t u t h e p r i n c i p a l s halt not extend orpostpone fp�
<br /> • the due date of the monthty paYrrsen[s whtth����LO�n�ph�•or change th�amount of such paytncmts. MY �_=
<br /> � w-_
<br /> ' � excess insurance proceeds°ver a��°�t��1O Pay all outstandmg indebtedness under the Note and th�s Security ;
<br /> ,. ' .� ' � Inspument shalt be paid to the entity legally entitl�lsh�t�o.lt�other transfcr of title ta the Praperry that extinguishes the ��_
<br /> ' ' � e In ihe event of foreclosure of this Security p 6aser. `�'�
<br /> . . � in de bt e d ness,a l l ri g h t,t i d e an d i n t e r e st of Botrawer in and to insurance policies in force S B o r m w e s's l,p o a A P Atication; �-
<br /> 5. Oocu pane9. �res�TMatton. Maintenance and Protecttoo o t t he P r op e r t 9: _
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