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<br /> 'POl3ETtiSli W['i'H all the impmae�nent�no�v or�ereaStep ea�ectcd on t�e proyerty,and a11 easemenls.right�,�ppwtr�iances, =
<br /> ,.:� �....,,.� ..►i ..+,�e.. .�A�r.��n�.mrrg;wau,e r'akhta end stnck and a�l tlxwres now or heteufter s part of the
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<br /> properiy.All rep2�cemenl�aM addltltms shail alsc�be�nvr,rtx,l i�y udv Security Instruenent.All�ii iiie[�;cgaing is r�fwr„rl ta in �-
<br /> thLv Securlty Instnun�ntes tt�"Propcety.��
<br /> BORR(�WBR CUVHNANTS lhat B�rcower i�lawfuUy setse�of tt►e estaw her�y convayed and has tho right to grant m��f `-:
<br /> convey tho pco{xrty and that the Property is uner�cumbued,excr.�pt fa encumbeences of record. Horrowa werrants end wW
<br /> defend gG�crally U►o title to the Property agatnst e11 cla6ms ar�d deski�nl�sub,�OCt to any encumbmnces of record.
<br /> 1.f'�ymen!of Pr3ncipal,Intereat and L�te Ch�r�e. Borrowar shall���rs�y whsn due tho p�inclpal of.end interest on. the
<br /> dr,bt evidenced by ihe Noto and lato ch�cgea due untkr th�l�ota. _
<br /> 2.Mont6ly Payment ot T�e�,Y�as�uanc�e�nd Ot6c�Chr,r�s. Bormwu shall include in c�ch monthly payment,
<br /> toget�er with tha priincipal and inuxesi a4 s�t forth in[.fie Noto snd az�y late charges.a sum for(a)taxcs end spxIal assessme,nts
<br /> lovied cx to bo l�;vicd ogeinst the I'nopaty. (b) ks�ald payments or ground rents on tha Property, And (c) pcemiums for
<br /> �.e reqviral unde�paragrapt�4.In any year ln�vliich the Leacl�r must pny a martgage insurance pmsniunt to tlse 5ocretery►
<br /> oF Hauaing end Urban Developmcnt("Socretary").a in any year in.which such pamium woult�hnva bceu requirod if Lender sdll .
<br /> tr�d tl.� �ur►Sj Ie�m!�n^ eA�h �+�o�5lh1Y I�Y�x ahaU alua �ncludo cither: (i) a sum td�r 3he annual matgage inaursawe
<br /> pcunium w be paid!�y I.endcx to tJ�o Sa�netary�or(i��s monthty�Lf�twgo inst�rad of a mort�aP;a imasn�rx:o t�+en►l�un if thia Seeoriry
<br /> InauwnenA is Uold by�►a Saxeury�in a re�nnabla ambunt to be ckiaminod by Ihe Secrctecy..�Yta�:t�the rtwr�thly chairBa bY ,
<br /> the 5r,ae�.y,thrse ie3t�ms�called"Bscrow Items"and the aun►E peid to�.ender aea callr�d"(?s�cv Fimds•." '
<br /> Lenc�rr may,at any dme.cullec.�e an�l hold enaunts for FfK:srrw It�ans in an aggregatn�urnaunt not to oacer.d tho m�nximum _
<br /> ar�oont that m�y be requirod fcu Borrowa's�.�.�row aecount uncia�tha Real Esteta Settkmsnt�xacttluas Act of 1974.12 U.S.C.
<br /> Soctian 2601 et seq. ond impkme�ting ngul�uians,�4 CFR Faxt 3500.at they rm►y be amaided t�m time to d�no("FtFSPA"). '
<br /> cxcept tlwt the c�hion ar resur�e pamiued by F�SPA for war►tkipated dlsbursero�.nts or disbu:seuie�n�►b^�icxa the Bonoower's
<br /> payma��s are Avai4blc in the acawnt may not bo basal on amaunta Auo fa tho Rwrtgago insw�nco prc.�niurri.
<br /> If thu amounta heJd by Irnder for F�rc,tiv Ite:ms gaccoed Ihe amounv Dandttod to bo held by RIISPA,,l�.,urder shall&al wlth „
<br /> the 9xcos�funds as c+equic�ed by RBSPA.If th9 emaunts of funds hald by Lau{a at uny t�Cne aro nrx sufEf,�eent to pny thc Sx;mw �
<br /> � • I�ems w�sen dae.Lendor may notify th�s Boizower anrl reguico B�xrt►wer W mA1ce up the shac�ge a def�c�ericy us pex►ai�ttu!by , :
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<br /> 'Itie F3acmw Funds are pladgod as additianr,t accuriry for�il soms securcd by thi�Sxuriry Ynst�umonG It�aauwa tetxler�to .
<br /> Lendea the�'ull p�ymertt of aU such aums�Bo[[+4,►rvCr"9�cCOU11t 3h1�1160 CnCd's�Cd•wilh tho GelallCO mYJOitltJig fix�Ill ittyqlltt�t
<br /> i6ems(�). (b)��sci(c}�nd�y mact�A�a inauranoo premium in�lma►t ttu�t ze,nder he��wt beaima obllgak+d to pny oo Ihe .
<br /> Saa+eqcy.end Y�aider�f WI 1�1�Y refund any eacass tiu�d�to Aocrowex.Immedlate�y pe�►r ta s fdnxloeine sae of the Pra�xriy
<br /> a its�cqu3�idoa by I.snd�x.Bomowar's account shell be crodined with�ny bal�nco nxnaintn�fa all a�etal6neaa for flan�(�).
<br /> N?,And(c).
<br /> � 3.Applkatin�vf Pa�ate.A�1 paymenla urnddr p�ph�1 and 2 si�oll be applial by L�eudcr ae foQdws:
<br /> �,4o tha matg�go inwr�nca�temi�un to 6e p�l by L�xsrkx�o��R � or m dro a�oethlY�B�bY��
<br /> inaMad of'�monthly mortgagc in�t PKmiwn� � ��• '
<br /> $gp�d.W aay pxee.snoci�l�esaorteno�.�asettold p�ym+�nta a gmund�tents►�nd ffn,tlood and oiha buatd insivanca
<br /> P�+��9�d+
<br /> 1'�,ta inca�st Que unda the NoEa;
<br /> . �i.to arnortir�on of the y�nacp�!of tAe Note; ' ,
<br /> �b�ro iMe ch�rgeA due wid�ar sha Note. '
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