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<br /> • IiUIIFtAlUt.R t'UYf?NANTS�but Ii�u•n����cr ly Ia�tilLily,clrcd uf'the���aac herehy eunvcyc�l nnd har ihi rl�ht ta�rnnt _
<br /> � u���1�vnwc �tc 1'�'upc�ty nnd tha�thc 1'�vpcny iy uncncumbcrcA,r.xCCpt fur rnrumhra►nrcti ul'��rurd, fi�►ru►wer�vn�iu��tv nnii -
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<br />-__ -- witt dct'end penerally thr Ntta tn tha t�v{►eHy�utt�fawt flll clnitjw x�nl deiizHn�lti,tiuhJ�v:�tu uESy encumhra�uax ut'rcrarai. -�
<br /> " _ � UNIFUI2M CUVl3NAN'1'S. �--Y
<br /> 1. Pciyment of PelnclpAl,lntcrcst nn�l l.atu Chnr�r. Rur��awcr�hatl pay whcn duu thu principai c�i,c�nd intc�ctit on, -
<br /> � the debt evidenccd wy tt�o Nutu nnd li�te ch�ugcy due under thc Nute. '
<br /> �. l�tonthly i'�ymcnt ot Tnxca�lavumncc,nod�Dthcr Chargcn. 8urrower sl►nU Enrtudc in ri�ch monthly pnymcnt, �
<br /> _��-�--�° toE;ether wiqi the prinrip.il and interest aw �ct finth in Qio Nuto nnd uny Inte charges, n hum fnr (u1 tnxc.r and npeeinl
<br /> _�� nrscwsmcnt� Icvicd ur tu ho lovicd �►IIalntit thc fzmpcny, (b) Ici�+chald pnymcnts ur �iti�und reuts un thv Pir��perly, uncl
<br /> ic) premiumv fur insurunc�reyulred under Pnra�tmph 4. In any yeur In whirh tho l.ondcr muxt pny u mungugc insurartco
<br /> • p�cnilum tu thu Secrctiiry of H��using a�d Urban Dcvclopmcnt("Sccmtnry ),��r ln nny ycnr in whtch huch pmtnium�vt�uld
<br /> . '' iiavo hecn rcquired if l.endcr still hcld the Sccuriry Instniment,cach mnnthly puymcnt+hnl!nisa Include either:(i)n sum fi,r
<br /> � " the annunl mort nge i►�tiucance premium tu tw pnid by[.ender t�tho Secretnry,ar pi)u manthly chiirgo in�tead ut'n mort�n�o
<br /> ' ` ` insurnnro prcm�um if thiy Sccudty Inswmcnt la hcld by the Secrctnry. ln n rcn5onnblc amount to ho detcrmined hy tha -
<br /> Secretnry. Excepi fnr tho manthly chnrgo by the SecrcRiry,theso itemy iuc cnUed"Fticro.v Itemw"and the sumy noid to l.cnder ��
<br /> .. • a��e cnlled"Ciscrow hUnd�" �=
<br /> � ����� Iw:ndcr mny.at uny tlmo,rnllcct nnd hold amaunGv for Bsc�rnw ltems in nn aggceguto nmaunt nat tu exrcccl thc miucimum �;
<br /> uma�mt thnt mny bo rcyufred fi�r Barc��wc�'s c�cnnv accaunt undcr thc Reiil L?ytntc 5culemcnt Pmccdun�v Aci uf 197A. 12 �,,._
<br /> , ���� U.S.C.q 2bq1 � t��41. and implenienting regulmiun�, 24 CFR P�i� 3500, w+ thoy moy tx3 nmcndcd from dmo tu time --
<br /> � y a ("RESPA").axrept thm the cu�hian ar ro�ene permitted by RfSPA for unnnticipated disbursement�y or disbuncmen4v beYun �-_
<br /> - , tho Barmwe�s puymcnt�iuo c�vnilublo in thu nccaunt muy nat bo bn5cd on umnunGg duo for�hc mortgi�ge inaumnco prcmium. �
<br /> , � lf tho cunuanta held hy�.endcr f'ar�.eccow ttemy cxcccd thc nmounts permittsd m be hcld bv R�SPA,I.endcr ehnil a�al �:
<br /> i with tho oxeess tl�ods av rcguired by RFSPA. If�hc nmaunt9 of funds held by I..encler�t any limo uro not 4ufficlent ta pay the ��?s,;
<br /> ' '' '�� �scrow Itemr whon duc,I.sndcr muy notify tho Bnnowor and requiro�orrawer ta mnka up the sh�riugo or cleficiency i►s �;;_
<br /> •.','} � pcnnittcd by RESPA. ��=`-
<br /> . -- Tho E.�:cow Fundr are pledged a�addidonal secudty far�►11 su�m Kecured hy thia Security Insaument. ti aurra�ver =__
<br /> � ,b [en�ierH m I.ent�ler 1he full pnyment nf all such xums.B�Trowcr'x uccount+�hull ho crecllted wlth tho buinnco�rmnining fur atl =
<br /> � � instnliment item�(a),(b),and(c)nnd imy mortIIn o insurunce promium instullment thnt l.ender hns nnt txcamo abligated to __
<br /> ; �iry ta the Secretary,and Lendcr shnll pmmptly re�und nny excesw fundq t�Horru�ver. fmmedWteiy prior to a foraclusuro e�ilu -``
<br /> -�-- -�-� � � �f tAa Property,rr ita ttcoyuis;dan 6y I,endcr. Barrowcr'� uccount shull be creditod with t►ny bolance rem�ining for c►U �`=��_
<br /> -=.. r T'� � instnlimentq for atcmv(u),(a),+�nd(c). �_
<br /> _ .�.�,�'�,_;, �. App�catlon of Payrrtenta All paymcnGy under P�uuIImphe i��nd 2 yhnll ba opplled by Lrnder as fidlawx:
<br /> _ _-'�---, ;� �5.�,to the mon oge insurtuue premium to bo pnid by Lender ta tho Secoetc►ry ar to thv manthly charge by _
<br /> _;_��;;.�;'�� �ho Socre t a r y(nste�af tho monthly mo�tgn so insurunca prcmtum;
<br /> .,.� ,�, ��� S�p�. to any taxcv, spccial agscssmentn, 1�.��ehald pnymcnw or Broun d rentx, un d f irc, f tuu d nn d u t hcr
<br /> - __� haznr�lTnsurnnca premtums,av rcquircd; - --
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