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<br /> -=�=� � 92- 100461 �
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<br /> __;����.___�� 1. P�yu�ent or Princlp�l,Interest and I.ote ChwrQe. Borrower ahall�+y when dur the principul af,and inturcxt on. _
<br /> _ .,..� ,, 1he debt evidenced by Ihe Note and late chargca due u�der the Note.
<br /> ��=_j:'� 2. Monthly payments ot'Ihxes,lnsurance And Other C�es. Burr�wer shull includ�.: in csuh momhly paymcnt. �
<br /> :� r� '' together wi�h the p�incipa!and interes�ns sct Ponh in�he Notc andony lutc churRes,un instullmem of any (u)eaxes and
<br /> "�}�`.,� .,, specla!assessments levicd or�o bc levied ngoinat the Property,(b)leasehold paymentx or grow�d rents on�ha I'roperty.ond
<br /> -;;=.� =�- � �.- (c)premfums far inaurance reyui�ed by Paragroph 4.
<br /> ; _ _. -. �:..,...o.
<br /> . -""— Each monthly i�wllment tor items (a),(b)und(c) shull cyual one•�welfti� uf d�r �nuual umaunis, as rcaconably
<br /> �a� :`I��.i:::,: estimnted by Lender,plus on amount sufficient to maintuin un uddiuc►nal bulunce af nut man: [hun une•sixth of �hu
<br /> � --._�y�.� �' esdmated emountv. The full unnuul umount for euch item shall be accumuluted by L.ender wiihin a periad ending anc �
<br /> -- :���;��°. month befaro an item would bea�ome delinyuent. Lcnder xhall hold the umaunt�collerted in tn�s�ta puy itams(a).(b)and
<br /> .,rs-y �'�P:i -
<br /> ��"��,v .�. (c)bcfore thcy become delinqvent. --
<br /> ti If u any time[he iaal of�he payments held by Lender for items(u),Ib)und(c), togatlticr with thc future manthlv -
<br /> s,«���LL_:,
<br /> -_u:�-�-� puyments for such items payuble to Lender prior to �he due datex af such items, exceeds by mare thun one-sixth Ihu
<br /> �"�fi"'�' esumatcd umount of payments required to puy such items when due,und if pa mems on thc Nutc iue�urrent,ihen l.ender
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<br /> _,:;?,�,;,,,:,., • � shall eilher mfund the excess over one-sixth of the estimated paymenls or cre it the exceax ovee ane-sixtti of�h�es�imAted -___
<br /> -'"�"~+� payments to 4ubsequent payments by Borrower,at the option of Borrowe�. If�hc twul��f th�puyments mc+de by Borruwor �:.-
<br /> '��` for item(a),(b),or ic)iti insufficient to puy the item wNen due.then Bortnwer shull pay to Lender any amaun�necegsary tu
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<br /> ,,;,, .,..... , �' • make up the deC�ciency on or beforc the date the item becomes due. �_-.-_
<br /> � t'• ° As used in this Securiry In�wment."Secretary"means the Secretary of Houxing and Urhon(h:velopment or hie or hor
<br /> ��1��`��':�°` S desi ee. In an ear in which the Lender must a a mort a e insurunce remium ta the Sewret each monthl ment --"
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<br /> . shnll also include ei�her: (i) an insu►Ilment of the annual mortgage insurunca premium to be puid by Lcndcr to thc:
<br /> ����.�►�; . � Secretary, or(ii) u monthly charge instead of a mortgage insumnce premium if this Securily Instrument is beld by �hc �"
<br /> �-��n��'+�`:; Secretary. Each mon�hly instellment of the mort age Insurunce premium.r•hall be in an wnount sufficient to occumulnte ti� -
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<br />_=��F� ,r . full aruival mortgage insuronce premium with ender one month prior w thr�lalr Qie full�nnual martgaga insuranGG
<br /> ""�`--_�.��'�.`°• :'� premium is due to the Secretary;or if this Security Instrurnent is held by the Secretary.encb munthly charge vhall be in an �•
<br /> -- '��t��;� amount equal to one-twelfth af one-half percent of 1he outstanding principal balance due on d►e Note. ��
<br />;'.y�� ;} • .� ; If Borrower tenders to Lender the full payment of all sums secured by this Security Inetrument,Borrower'.s account �,__
<br /> ` i shall be credited w•ith the balance remaining for all installments for items(ul.(bl And lc1 und uny mongage insuranc� s,
<br />-�f'��' '`�!'�i� �� �� �� premium installment�hat Lender has not 6ecome obligated�o ppy[o the Secretary,und l.ender �hnll promptly refund un -
<br /> � •# , '' .� ; excess funds to Borrower. Immediatel y prior to a for+eclosure sale of the Pr a p ert y or its ac quisition by L.ender,Barawor� F;x�
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<br /> ,n$' , account shall be crediied with any balence remaining for all installments for items(u),(b)and(c). _:
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<br /> ;���: ,�+�!--� _.' „ ; 3. Appllcation et Payments. All payments under Paragraphs 1 und 2 shull be upplied by Lender ns follows: :
<br /> `` �yt�'`' � � Q�,to the mortguge insurancc premium to bc peid by Lender to the Secretwy or w ihe inonth ly chtuga by the �
<br />::,.`�.'��.:`".� �,. :
<br /> •:-; �� _�,�„ ' Secre instead nf the momhly mongage insurunce premium;
<br /> i .,+ � � � ��,to any taxes.speciul nssessments.lensetiold paymanta or ground ren�s.and fira,tlood an�i uther hu�aud
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<br /> �:• insurance premiums,asreqwred;
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<br /> :;� 4'!'ilRD,to isstemt duc undtt slze Note;
<br /> � �, •� � �QURTI�,to amortiu►tion of the principal oi the Note;
<br /> �% � .j�` � �JQ�,to late charges due under the Note. _ _
<br /> u�+. • 4. Fire,Fload and Other Nazard losurance. Borcowcr shull insure ull improvemcnts on the Propeny,whechcr now ---=
<br /> <.;r , in existence or subsequently erected,agsinst any huzsudti.casuuUies,und cantingencies, including fire,for which l.e��der �-��-
<br /> , ' ;�3�.,, �. � .requires insurance. "Il�is insumnce shall be maintained in the umounts und foti Ihe periods that Lender rcquire�. Borrowor -
<br /> � shall also insure all impmvemenlson the Property,whelher now in cxistence or,ubsequenUy erecled,ugain�l loss by tloods �.=-�
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