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<br /> — 1. Paymenl or Priacipal,lokrest and L�rte(:h�r�e. BoRUw et�hull pay wixrn Juc th�prirxipal u!', int�nsl wti.
<br /> _�� . j• the debt evidenced by the Note ond lutc churge.r•duc undcr Ihe Notc.
<br /> �, ;,.,., 2. Monthly paYmealy d7Lxes,lnsuronce�nd Otber Chrry�e� Bom�wer shull inclu� in c,►ch nwnthly puymcnt.
<br /> _;,��; '", • together with�tre pnncipal und interegt n.� se�foAh in the Nae und uny lu�e rhurge�, on in�tallnk�t of uny (ul�uxea pnd
<br /> ..� �;,;: •�'.: special�sses.wnents levied or to be levied ngain�t Ihe Prvpeny,lbl kuachold�wymemK�x grou�xl mnts�w► �k Pr��ehy.wid
<br /> �-� :'�a� •�-r-r�� (c►premium+for insur�nce required by Puragraph 4. c -
<br /> 'd"`'� -�- " Each monthly inttallme�t for itemti (al. (b)ond (cl �+hall equul one-�welFth of the annuai amnuntx,u�rco�nubly _
<br /> ..v;,�± esdma�ed by Lender,pius un umount sufficient to maintuin an addition�l balunrr uf nw mun �twn aw-aixlh of thc
<br /> . i:"<�a,r;.,�t� estimated amounts. The full annuul umount For e�h item shall l+e �:cumulated by Lender witbin a periai ending one
<br /> � � month before an itern would become delmyuent• Lxnde�shull hold the wnounls colircted in�rutit to pay ��em.lal.lb)�nd __
<br /> W��.�.::-•-:�, � lc)bef�xe they bocome delinquent. ___
<br /> :'�' ' •a`•" • u If ut uny time the taal of the puymentx held by Lender t'or item�(v).lb1 und(c>•►oBether w ith tt�e future mon�hly
<br /> -'�' �� � payments for such items payable to Lender prior to the due dutes of such items, exceeds by more than one•sixih the �,
<br /> ---���'i�' estimated umounl of payments required tu pay such items when due.wid if paymrnts on ihe Note an current,lhen Lender _
<br /> -.',,;�. � � �hall eilher refund the excess over ane-cixth of the euimc►�ed paynxnt+or rredit the excewz over une-si�th of the esiimnted �_ ..�_
<br /> - --��' `;°�"`j"• payments to subsequene p�yments by Bomower.a�the option of Barrower. If�hc to�ul of the paymen4�made hy Burrower �#�:.��
<br /> • for item(a).(b),or(c)i�utsufficien�to pay 1he item when due,then Borruwer shull puy to LenJ�r uny amount necessary w
<br /> �.� ,'`"'`,� ,, ,,��,�.}, h make up the deficiency on oc before the date the item becomes due.
<br /> As used in this Securit� la4t�ument."Secretary"means the Secmtary of Nausing nnd Urba�► Development or his or her
<br /> �i`��. �� designee. In ony yetu in wh►ch the Lender must pay n monguge insurunce premium tu the Secretary,exh monthly payment
<br />--��.�" � +�' ^ shall also include ei�her. (il un installmen� of the unnual mortg�ge insurunce premium to be paid by Lender �o the
<br /> �± �,. . _ Secretuy. or(ii)a monthly churge iactead af a moAgage insurunce premium if�his Securiry Inst�ument is held by the _ _
<br />',%�� ' - ,i' Secre�ary. Euch momhly itutallment of thr mortgAse insurwxr premium shall be in an Amaunt suf6cient to+�ccumulote the �L," _
<br /> ;° � �� full sinnual mongage in5ucaix�e premium with Lender one momh prior to the da�c the full annual m��ngnge in+unu►ce l�'-':-
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<br /> - ��"�. ' ,-: premium is due to the Secretary:or if this Securit Instn�men�is held by the Serre�ury.each monthly charge�Iwll be in un �, `�,
<br /> - .. ,(, � rinci al bulunce due on the Na�e. �"����`�
<br /> • ,; amount equ�l to onc-twelf�h c,t one-holf percent o the out,tanding p p •--
<br /> ° '"�'" lF Bortawer tende�to l.ender 1he full payment of all sums secured by this Security Inxtrumen6�artower� uccount , A,
<br /> � � { �� shall be credi[ed wUh the b:il�nce remuining for ull instullments for i�ems l�l. lbl und(c1+�d wiy mongage insurunce ,;;,�
<br /> � � • � premium insiallment Ihat lxnder hus not become obligated ta poy to�he Secrctury.u nd Lender ,hall promptly refund any :• .
<br /> � ` �� � '! eacess funds to Borrowar. I�nmediately prior to u foreclasure sple of�he Property or its acyui�itian by Lender,BorrowerS� �..e�,__
<br /> � � • • ; aecount shall be credited with any balance remuining for ull instnllmenls for item�(n).(b)and lc).
<br /> �� . r 3. Ap licadon of Wyrnents. All paymen�s under Parugmphs 1 unJ 2 shull be upplied by Lender a.s follows: �'"'r
<br /> .. ���.�to Ihe monga e insurance premium to be puid by Lender to the Secretary or tu Ihe monchly c huge by the �;�;3,;:,,._.
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