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<br /> . 'fOGfiTE#ER WITH al! tf� impPO�e�n1s aow or hereafter erecied on the property. aad sll ease�znts. ri�hts, s.
<br />•.<� �4 appurtenances.rents,myulties,,minezal,ail u�d g2s rights and profits.water righu 3ad stocEc and all fixtures n�w ur heseafter a �r,._
<br /> ari of tke ro Ali !ar-ements and addicions shall also tte covered b this Se�cnri �nswment. All of the f�re oin is �``
<br /> , � F P F��Y• � Y tY g S
<br /> � .k:` refemd to in tiris Security Instr�r�ent as the"Pcogerry." -- _
<br /> —_ �
<br /> BORROWER Cd3V8NANTS that�onower is taa�fully seised of the estate hereby conveyed and hns the right to grant and ��-
<br /> rnnvey the PropPety aM that the Progerty is unencumbered.except for eacumbrances of record. Bomswer warraats�td witl �`"'
<br /> defend gerterai�y tl:e titie to the Property abainst all ctaims�deman�s,sutrject to any eneumbranses af cecotd. �1�.
<br /> , ntiu.
<br />'`:s,�,� l.Paytttent of Pr3nc1�,InYeres¢and Late Chxrge.Borrower shnll pay when due the priccipal af,and ic�teresi on.the _�°
<br /> - - debt evidenced by the i�fote an�late rhargr.s due u�r cY�l+fote. ;;f,�=
<br /> Z. Dlonthiy Fay�ent of Tmxea, Insur�tc¢ and �thrr Ct�rges. Horrower shatl inctude in each monthty paymen� °'"`
<br /> :••�� together wiih ihe principal and intemst as set forth in the Note and any late ci�arges.a sum for(a)taxes and special assessments ���
<br /> �; � levied or to he tevied against chs Property. (b)le�sehold payments or groand rents on the Progerry, antb(c) przmiums far �s___
<br /> insurance required unde:paragraph 4. in any year in which the Lender must pay a mortgage insuranse p�n;um to tbe �.;:_
<br /> � Secretary of Housing rinc!Urban Developmeut("Sec�etary"),or in any year in which such premium would have b�n requfnad if __
<br /> .. � l�ndsr s4i;t het�the Sec�uity inshument.each montlily payment shall also i�aclude either. (�a sum for the annual �stgage _-
<br /> insurance premium to be paid by Lender to the Secretary.or(ii)a montiily charge instead uf a mortgago in�uranee pr�um if �:�'-
<br /> .,� er._•..
<br /> this Security Ltstrument is held by the Secretary, in a reason�ble amouat to be determined by the Secretary. Exce�c�for tlie a.,.=
<br /> monthly ct�arge by th$SPCretary.these items are c�3led"Escrow Items°and the saros paid ta Lender are calted"Escrow Funds." ���
<br /> e,=.-,
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<br /> Lemder inay,at aay time,call�,r��i hotcE:��far&�eow Items in aa aggregate amaunt nat to axceed the m�imum s�.==
<br /> amount that tnay be required for�rawer's e�rmu•acco��rxader the Real Estate Seitlemeat Pracxdures Act of 1��.. 12 �;,�c
<br />.- U.S.C. Section 2641 et seq. and implemerting c�.]atians, 2�-rCFTt Part 3500,as they may be amended from tim����ime ..�-..-
<br /> • ("RESPA").except tbii�i qhe cushion or reserve p�itted by RESPA for vnanticipated disbursements ot dis6ursemer!?���ifore ,-_
<br /> f�9
<br /> ttie Eorrower's payr�rs•are available in the a000unt may not be based on amounis dae for the murfgage i�uran:e(ii�i.=?.m. ��.;--
<br /> , . . �`4:=::.
<br /> , . IF the amounu held by Lender for Fscrow Items exceed:tYrt�amounts pemiitted to b�held by RE5PA, t�ti�;�ir��t71 dea! ��.'.''.-
<br /> with the excess funds as uir�b RESPA. if the amouflts i:�f�nds[�ld b Lender at an time are ttnt s��i ib+� the r'`-'��
<br /> � re9 � Y Y Y i�.. iA�Y
<br /> . Escrow Items when due, Leader may notify the:Ti3orrower and reqaire Barrov�es to mafce up the str`r.t;�.ar�(��ency as ��y:'
<br /> , � pexmitted by R�SPR. ' . ',ti;,
<br /> . ,.i
<br /> � , . , ; ..... .,,:-
<br /> . 'FEt.6,�scrow Funds are pledgcd�s���iticrr.:�si;cw'itl+foz�.s�1 wr•sns secured by this S�s�Instrwnent. If Bazct3.§$I�rc.tt�nders ;1?-
<br /> to Lem�.ahe ful!payment of all sucf�.�►s.B�rrower's accas:.e2,,�nsll b�credited with thclt��nce remaiaing for a[i'`:�tnEnt
<br /> : items��%��,(b). arvJ(c�and any mortgage 9ns►sr.�.7ca premium U.�:tment c�:�Ixnder has not become a�hgat�ff•to.}iizy to the
<br /> • Secre:a+�;F;�and Lendeis-u.hail. mm tl refund �access funds� iorrotiv� immediate[ nar to a �>;�lasura s�k•of the =-
<br /> . . P P Y �t' .� YP� , ,
<br />.- � FcopeitY�ar its acquisi�:bn by Lender,Barrower's account shal.i i�:cre�iced with any i�atance rem�ining'`�ur all i�;���;s fbr . �
<br /> . itertu(a).(b).and(c). ' "
<br /> :�.. �-. .
<br /> '�. —
<br /> . � 3.Applicatlon of�aymenta.All payments under ParagraPhs 1 and 2 sha116e applied by l,ender as faltows: �l� � �''
<br /> � • �-
<br /> First,to the mortgage in�vtance premium to be paid by Lender to tfie Secretary or to the monthly ch�rge by the$eetetary .-•__-
<br /> � instead af the monthly m.ortgage insumnce premium:
<br /> . Second.to any taacs.speci�assessmenu.teasebotd payments or grousW rents.and fire.flood and other t�rd insuiaace
<br /> � premia�,as reqnirecl;
<br /> � 'lhird,co irrt�,est dne under the Ndte; --
<br /> Fourth.to�mon;�IIion of the prinripal of tht Note; ,, • 'r=
<br /> �fth,to late cfiarges due ander the Note. � r
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