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<br /> _�-��---�, 92_ 100111
<br /> � �i 7�OfJE1'HBR WITH dl��!� iqDprovementg now o� I�tatftp emcted ��► thi P�V�nY, and �II easementa� rights,
<br /> �p�unpu�noes.rents.myai�ks.mjp�.ail wK!�a��i�hGc nrrl ptufit��wa14r pigh4g wrJ�s�txk wd all fiarorc�s nc�w or hereafter a «� •
<br /> p�ut of the propeAy. Mt�aplaccmqnts w�d addiliona shali also be cuv�ral by�h�g,SVCUritY Insl�ument. Ali oi'the forc�oin�is
<br /> _Q�.:� �s, reFerned to in this Secu�ity Imtrument�the"PrOpCi'ty.•• -
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<br /> BQRR�WER COVENANTS that Bormwer is lawfully$elsod of thc eFtuC,lktreby.conveyed a�d twx thc right to grant and
<br /> convcy the Pnq+MY and thet thc Pr�eny ic unencumberaf, exrcpt for�ncumbrar�er+af r�:onl. Bc�ROwer war�aaGg anci will
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<br /> �� defend�cnerally ihe dtk w ihe Pmpeny aYainst dl cloi�ani demar+ds.w6joct to any eneumbrances of rocord. a
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<br /> --��__- 1.Payment oi Ftlacipol,inta'�st and[.pte Clwre,e.Bamiwuc rl►all�piy wheo dur the principul of. wxi intercat on.the �=°
<br /> -::��.;� -� debt evideooed by�he Note wd lata�char�es due wder�i Nucet. .
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<br /> —_ =��''�. 2. Monthly Ryra�eat.c at•'i'uxe�, Insurw�t�s and Olher Cbq�tg�s• �arnC�war stwll�include in each mcmthlY p�Yment. ---
<br /> ` --'?"` together with the prioaipal and interest us set fonh in tl►Q Notc ud sniY lats churgea, un installment uf uny la)tuxes and specid �'�.-�
<br /> �'�'- axcessments leviad ar to be levidd ogafnst the Prc�p4ny. Ibl.le�olq�,paY►oants or ground rentc on the PropeKy. a�d(c)
<br /> - --�-=¢... prerniuwa for iasurancx required by paraacaph A. -
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<br /> --=��. � Fach monthly installment for items(a),Ib),ond(G}9tiulA cqual one•twelfth af the annual amounts,as reasonab�Y estimatad =
<br /> ,�_ - �__�,-•u,,� bY Lender,plus an umount sufficient to maintain an AddieionAl bsllance c�f not more than one-sixth of thc estimated anxwnts. The -
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<br /> � full unnual w�wunt for each item shall 6c wxumulatal by Lender within n period ending one rrwnth before an item would
<br /> - -����.� become delinquent. Lender atwll Iwld the Qmounts coltc�! i,n trost to pay items (a), lbl. and (cl beforo they become
<br /> ;;;5'����`:,.�� delint�uec�1. �-
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<br /> v'" -_- �" � If at any ume th� towl of the payments t�eld by Lender for items la). (b), and (c), together arith the future monthly
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<br /> ----.�an...:. . paytnents for such i¢ems payable to l.ender p�-iuc to the due c'.ates oi such items,exceecls by mnre th�n one-sixth the estirtwted
<br /> '�-�,�;' ,° amount of puyments required to pay such itemv w�hen due,and if paymeras on the Note are current.then I.ender shall either �_ _
<br /> ���°`•� refund the exceas over one-siath of the ectirtwteJ payments or credit the excess over one-sixth of the estimated pa)ments to �-°
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<br /> ;;:��:,., , sub ent mtnts b Borrower,at the o tion af&►rrower. !f the total of die payments mode by Bortower for item(a). (b).
<br /> ��°` „ ar (c�jis insufiicient to pay the item when due. then Bonawer ahall pay to Lender any amount necessarY w m�lCe up the �`'��
<br /> ��•, deficiency on or befoct the dece the item beconxs due.
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<br /> � �� As used in this Security Instrument, "Secmtnry" meuns the Secretary of Housing rnd Urbpn Development ar his or her
<br />-^pQ� ';;�;:b�yi;f. designee. In any year in whirh the I.ender mus�pay a mortgage insurance premium to the Secreutry,each monthty payment
<br /> �" �' ' shull also include either: (i1 an instnllment af the annual mortgage insurnnce premium to be pafd by Lender to the Secretary,or
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<br />- '� " (ii) a monthly charge inuead of n mortgage insurnnce premium if this Savrity Instrument is held by �he Secretary• Fuch _
<br /> F''' '�`'t�L monthly instullment of the mortguge inxurance preinium shall be in un pmount sufficient to uccumulate the full onnual mortgage _--
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<br /> �=:�� r�.. insurance premium with I.cnder one month prior to [he datc the full unnual rnongage insurance premium is due tn thc Secretary. __
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<br /> -:� � � .•� .•. , ., or if this Security Instrument is held by the Secretuq�, euch monthly churge shall be in sui+uiwu�t equal to une-twelfth of —
<br />��:�='•�"�.°�+�'� -" ane-hulf perccnt of the outatnnding p�irKipul bsilonce Jue on the N�te. -
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<br />- �r�v . .'`. ';' If Borrc�wer tenders to LenJcr thc t'ull puyment of ull sums���ured by this Security Instrument,Borrower's account shall __.
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<br />= 1�.�',�='�-" " be credited with the balunce remuining for ull imtallmems fiir itemti lu), Ih), anJ (c) und any mortgage insurnnce premium
<br /> '° .��.;'•.�:�' installment thut l.ender hus not hecome obli uted ta ,� to�he Secrc�a rnd l.ender,hall ram tl refund an excess funds to
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<br /> =-r- '�"` ,.'i.:;;;:� �• Borrower. Imtnediately prior to a foreclusurc:wle of the Pmperty�,r i�x ucquisition by Lender. BoTrower's acrnunt shall be �.__
<br /> « ��� ;���+, t credited witb uny bulunce remaining f'or ull inytallmems for ftems(a).(b►,and(c). �,_
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<br /> �;� ' +,u�'a�;;;(��'" �� 3. Appllcatlan of Poymentc.All puyments under paragraph� I und?ahall Me applied by l.ender ac fallows:
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<br />:'�=��� '�[M,,�' 6 �` FirsL to the mongage insurance premium�o t�puid by l.ender tu the 5ecretary or to the mcmthly charge by the Secrewry -�„�'-�,_,
<br /> ���"��� '"�••ti .��` instead of lhe nwnthl mort u e insurance r�mium:
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<br />-��;��' :�ri4►�.: .. '. Second,to nny tuzes.�pecinl asscssments,leusehold payn�entx ur graunJ rents, nnd tire,tlaad and Wher hazard Insurance �,,_
<br /> :';n `:, • . premiumti,a.c required: -
<br /> ��' ' • Third, to interest due under thc Notc;
<br /> . • . FouAh.to unturtizution i�f th�principal i�f Ihc Note: .
<br /> • � � FiRh,to Ime churge�due undcr thc N�u�.
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