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<br /> -�--°-`„ T�GfiTHHR WITH ell the im vuncnts now or hareafur erocted on the � ` ��,'�'::;.'�t^w y�;;
<br /> [� FroP�Y�and al easemrx��.dghu�apWrun�nccs�
<br /> M ' �.,� mlts,royr.I►_�c��m±�em�.0!� t±R� �!!9 T!�ltt9 ARA (K4��19� �vr►r.s ri�f119 fllill SIRCti: @Rd BU �][QIICV noN� or henaftea,��eart nf the ,
<br /> _ prq�aty.All replacemans and addidons shell afsa be covuod by this Socudry Insuumen�AU of�hc foregotng is r�cferrect to in ...�;;.��"�d.�l������u':
<br /> �:�� lhis Secru�ity Insttumrnt a9 tha••Propaty,• . . , .�ti;-
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<br />� �, `' BORROWHA COVIINAN'I'S that Borrowcr is lawfully seised of the estnu haeby conveyod and lias the ri�ht W gmnt end �• • :� '
<br />�'��� comey the Pr rty and�1�at the �s unencumbered,eac.c t for encumbrareces of rocord.Horrawu wairants nnd will "
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<br /> ������ �fsnd genere.Uy th�dtl�to the Propr.�ty Pgan�t aU claims end demands,subja;t to any encumbrnnces of rxord. i • • �
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<br />`""°``��+ l.Payment ot Pirf�l,Intereat�nd Lpte C6avge. BaaAwer shall pay whei► due the p;incipal of.and inteccst on,the .��';,:,: �Y�i�r�:, -
<br /> �'���3� debt evi�ced by the Note and late charges due undrx the N�te. . -
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<br /> -�.$'�°""�:� 2.Mcbthly Paymente ot Ta�ces,Insurana and OWer Charges. Borrower stiaU include iii each monthlY PaYment, .,,. �-"`'-�-..
<br />`-'�`�r�`;;' WgetLer with tho pr�ncipaf and inturst as sat forth in the Note and any late charges,an install�ent of any(a)taxcs cwd spccial f,�; ''�,'�`';`„�'�.._:;`-
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<br />°;ti;n� + assessnscnts ieeriod or t�bc lcviod against tuo Fropeity.Cu)lc�asehold paymcnts or ground rents nn the Fnnperiy,and(c)premiucais � „�.;s,.,,�-_.
<br />`j --- for insurence required by parn�nph 4. �` y+�±�.4 '� �._
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<br /> :�co�i-_:,,�:�, F.�ch monthly installment for itcros(a),N),and(c)shall equal o�e-twelftd cf the annual amounts,as reasa�ably estimaced � :�;�,�,;:,e��;i��.:
<br /> �"^�b.,-�-- � by I.encier.FI�s an amonnt svfficient w maintain an adJitionai busa�n:�vi s:ot riwi�tl�a►�one-sixL`�of L'�o c��nsa;;,�;�utu.:�.'tla;, . , _—.�
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<br />__ . .''�,. full wuwal am�unt for cach item shall bc aocumulatecl by Lcnd�r wit�,i��.�period e�ding one month before an item would becoxne
<br />.;��;,lfi� �elinquen�I.�M�)cr shaU twld the amounts collacced in trust W pay items(a).N).and(a)before they become delinquent � : .' .'�
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<br />-�R�•,. If at any dme tbc tutal�of the paymcnts hcld by L,e,�der for items(s►).(b),and{c).together with the future manthly payments ,r , --.
<br />.�"��',� fa such itcros payablo to I.ender priar to the due dates of such items,exceeds by more than one�sixth the esci.�nat�d amount of � ���
<br />';��:+ paymenc�rec�n��red w pay such items whe�due,and if payments an the Notc acc cuacnt, then Lender shail elsltier reEu�rd tho I . ,.�. �
<br /> ' ;�d cxi�u�rs:�ruirSuZi Gi li�c csiuiu3iu��riiyu��i5 vi�iuiii tiic cAi�SS uV'u viAC-SiAii�v�wc cs�iuitcai�rsirn���s iu 5'u`vsajttiaii j
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<br /> �y��f pxyen�Ats by Borrower,at the o�tion of Sorrower. If t�,`,z total of the payments madc by Borr�wu for item (n),(b).or(c) is
<br /> �.��•�.�� imsufficieru to pay ttx item whcn due,then Hormwer sh.�l��wy to Lendcr on�amount nccessary to make up thc defickacy on or `�`
<br /> -- �'. . b�fore the clat�the item becomes due.
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<br />.e,._�'r�•� As used in ttus Security Instrument, "Secretary' mexns th� Secre4uy of Housing and Urban Development or his or har . �• ��,'•.�:' �..
<br /> ,�".�: `, In en ear in w�i,cd the Lc�►der must ~ , . ;1;,���`: ,;,
<br />----��.��• �8� Y Y paY a mart�age insurance pcemium to the Sccretary(or any ycar in which such ',,.;., y. �� '
<br /> :.:��_:.�'4::� praaium would huva bcen required if the Leader spll held the Secwity Instrumens).cach monWy payment shell also include '''' ` �'`
<br /> �-�-:�:•"���-. ci�a:(i)an instaWx,nt nf thc annual macgage Lisurancc prcmium w be d b Lc�sdcr to thc Soc '
<br /> - pai Y rc4vy,or(u)a manthly chargc ,��.
<br /> '���--`•� in��tead of a matgage insurance premium if this Seciuity Inswment is held by the Secretary.Each monttily instellment of the ''� ;'y�t;, : >�
<br />�,;_�.����t;�}. m�octgagc insuiance premium shaq be in an amount sufficient to aoc�un�elatc the full annual mo�tgage insurance premium with ,��'% .�,
<br />=-'�`�_- : I�da�x�e month prior to the dgte the full e�umal moitgage insurance prc,mium is d�c to the Secretary,or if this Security • �{f,�,;''. r�"
<br /> :ms������ Inswment is tuld by the Secretary.each monffily chacge shall be in an amount equal to one•tweIfth of onGhs�f �
<br /> __ perccnt of the . ,
<br /> ;=�-'`�� outstanding principal baLance dae on thc Note. �.
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<br /> �-����� If Boseasver tuiders to�.enda tlxs fuU payrtient of all sums secured by this Security Insorument,Sorrower's account s3�sl1 be . . �
<br /> �- cndited with the balance remaining fa nll installments for items(a).(b).and(c)and any mortgage insuranc�prcmium installmznt I.
<br /> '''`':"' that L�ender has not become obli to
<br /> n� 8� P�Y to the Soc�tury.and L.ender shall prompUy refw►d suiy excess fu�rls m Borrower. ~'�: �
<br />--��� Immocliately prior to a foreralasure sak of ti�e Property or ita acquisidon by Lender.Borrower's account shall be�reditetl with any ,;�. ,
<br /> �"''�"" � 6alance remaic�in for all�nstnllments fo�ita-n5 a and c � � �
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<br /> ;o,;�-_>.�e 3.Appticatbn of Pa9meats.All paymcros nndcr paragraphs 1 and 2 slwll bc upplicd by Lendcr as follows: I ' •
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<br />-;�:A�r.��� �'�t,to the me�ctgage insurance premiiun co be paid by Lender to the Secretary or to the monthly charge�y the Secretary (
<br /> ;;�.�'•?�;�: iastesd of tho moathly mcxtgagc insurancc pren6um: �
<br /> "'`-'"'-�� � �nnd,to�n taxcs, assessmcnts, lcatiehold cnts or und rent and t`irc,tlaod and other hn;card inswm�cc �
<br /> -�==:.i:;.^tgf�..rtJ Y �� PaY�►� 8ro � I
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<br /> •'.'>��.�� F ith.to amortizadon af thc principal of thc No�; �
<br />:-:»�ti�:�: i�tf j,tolata charges duc undcr It�Naa;. �
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