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<br /> "�!'�°+'ry°�''n'q'�. ���F. TO(iETNER WITH uU the fmprovemcnta n��w or herca8er er�tcd on Ihc propeny, und LII eusementA, ri�hu,
<br /> ��_::����'M_ appurtcnances,rents,royal�ies. mineral.��il and gas riBhts and pm�lx,wu�cr righ��wiJ rpwk und ull fiz�urc� �x�w+rc hcre�per r _ ,
<br /> — — part af thc propeny. All rcplacementx and addilian� r�iwll �Iso be covered by thi�Scru�ily Inattumcm. All oi'Ut�torcgoin�I�
<br /> '�-��.. � �,�,,p�7, refcmai tu in this Security Inctrument ys tla"Property.,,
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<br /> �*���••;.:��w• ..` � BORROWER CdVENANTS thut 8urmwcr Is luwfully heisai of�he ctitutc hcreby��mvcy�d anJ ha+ihr nghl ti�grunl und
<br /> ���� amvay the Pmpeny und that the Pmperty is unerk�umbered,except fiir encumbrunces ol'ra:�ttJ. Bnrruwer wurrynt. u�xl will
<br /> °-_�� . a;,: � r" defend generally the dtle to the Pmperty against all cluim.unJ demaodc.aubject tu uny encum6rances of record. ` _ _
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<br /> ��*"'�'�'��'-�"^�'`' � 1. Poyment of P�incip�l.lnterest and l.ate Clurcge.Borrower ahull puy when due the principul u(, iuMi interest on, the
<br /> '�+ �= '� ^ } debt evidenced by the Note�nd lute churges due unde�the Note.
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<br /> 2. Monthly Payments of Taxes� Insurwnce and Other Clu�rges. Banower shull incluJe in cach m�►nthly puyment,
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<br /> � - together with the principal nnd interest As set Pohh in the Nutc und any luta charges,an inst�llment of uny lal tuzes und special
<br /> • asscssments levied or to be levied ugAinst the Prapeny. (b) leasehold payments ur ground rents on ihc Pmpeny, w�d (c)
<br /> E k .. . ` premiums for insurancc reyuired by paragmph 4.
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<br /> � . Each manthly installment for items 1u1. (b),und(c►shall equal one-twelfth of the unnual amounts,us rea.u�nably estims�ted
<br />' ' • by Lender,plus an amaunt�:ufficient to maintuin nn udditional bulancc uf not mare than une-sixth af�he cuim�ted omountz.The
<br /> y,. • . ' � full unnuAl amount for each item tihall be accumulated by LendPr w•ithin a periad ending one manth befbre un item would
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<br />.i:� �•-�. � become delinquent. i.ender shall hoW �he wiwunts callec�ed in truat ta puy items ltt). lb), a�d (c) before they l+ecc►me _. ____
<br /> a.�^ ��`• ; � delinyuent.
<br /> � �h . If ut uny time the tutal of the payments hcld by Lender fur iiems (u). Ib), und (cl, together wiih the future monthly �
<br /> '" •� payments for wrh items payuble to Le�xier priar to the due dates af sucl� items,exceedti by more than one-+ixth the estimated
<br />. '� �:;;, amount uf payments required to pay tiuch item+ when Jue,und if payments on the Note ure current, then l.ender shall either [•,v
<br /> ' refund the eacesti over une-�ixth of the estimated paymen�s or credi� the excess over on�-sixth of the ertimated payments to �
<br /> �,. ^ ., subsequent payments by Barmwer, ut the uption uf Borrower. Ii the tatul of thc paymems muJc by Borrowcr for item(ul,lb), �;�__
<br /> : , or(cl is insufficient w pay the item wlicn Jue. il�cu [3.�uuwer shatl �►y to Lendcr uny umount necessary to make iip �he —_-__
<br /> , •� deficiency on or before tlw date�he item becomes duc. --
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<br /> _ -- A�u�i i�ti thia ae:uriry fa�irumcnt. "Sccrctar3•" nieans t8e Secrefary nf Nou�ing,nrxl llrh•rn Development or his ix her = ,
<br /> ""`���:� � desipnee. In uny year in which�hr I.rnJcr mua� puy a monguge inaurunce premium t��the Secreta cach monthl a mant
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<br /> .��v��;�?,��.., �►hall alw include eithcr: (i)un instullment ol'�hc•rnnual monguge inau�unce premium�o he paid by l..ender to the Secre�ruy,ar �'�
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<br /> : r,���� ' ' (iil A monthly charge insteuJ of' a martg:�gc insurunce prcmium if thir: Security Instrument is helJ by the Srcretory. Fach �.�-:;_�=.
<br /> � rf' "'`' • monthly installment of the mortgage inwurunce premium sh:Jl be in un•umoun[wfficient to accumulxe the full unnuul nx�itgage
<br /> � � ''�'Y�:%'''. � • insumnce premium with L.enJer one month priur�o th�dute Ihe full�unnual mi�ngu�e insurancc prcmium is duc to the Secrctary. �,.:
<br /> � ur if this S�xurity Instrun�ent i� hcld by thc Secrctary. en�h monihly charge sh+�ll be in an unwunt equal to one-tweU'th of ��"
<br /> one-half percent uf�he outs�anding principul bulunce due.m tha Nc�tu.
<br /> ..�+� . � , . If Rorrtiwer�ender�to l.rnJcr the full payment��I'ull wrn,.ecureJ by this Security Instrumc�nt. Bixrower'ti uccount shall �-_-
<br /> "`� " t�e crcKlited with Ihe 6rlancr remuining li�r all in,tullmcnta fiir itenu lal. Ib), and Ic) unJ any im►rtg•rge insurunre premium �'-=` �
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<br /> � ;�• instnllment thut l.�:ixler hua n�n lx�cix��e uhliguted�o p•ry t�i ihe Secretury�. anJ Lendcr.hull promptly refund uny exre..I'undti to �
<br /> •'. ' &�rn�wcr. Imm��iia�ely prior a,a foreclo�urc .ule �il�he Pruperty ur i�� arquislli�►n hy Lender. Bc�rcower's account shall be �_;,.;�_.
<br /> . ' crediteci with any bvlanre rcmuinin�li�r•rll instullmcnt+tiir ilenis lul.Ib).unJ�r1. =�—:,-_
<br /> �:.� o �. .�''� J. Applfcadon of Payments.All puymen�s und�r paruEruph. I anJ 2 shull hc applicd by L-ender u�foU�►wx: S
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<br /> `,�'.� " . � ° First.to thc m�mgu�e in+ur•rncr premium tu Ix pai.1 hy LenJrr w thr Srrrrtary or tu the mornhly charge hy the Secretery 3•
<br /> • ,, instead of the monthly monguge in�uranrc prcmium:
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<br /> . '• '. t Secnnd,ta any taxe�.,p�xiul a�.c..mentx. Iea�chnld prynknt���r gruunJ rcnt,.anJ iirr. t1�x�J and nthcr h:u•rrd �murance
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<br /> . , prcmiums,us rcquircJ: `tt."
<br /> ' , � ThirJ,ta inlcrc�t Juc unJrr thc Nu1c: )'{,;
<br /> ' . ' Fuurth.lo umortituti��n��I dte p�inripul ul tlir NiHC:
<br /> , ' FiRh,to Inte churgc�duc undcr thc Notc. ! �
<br /> ��4NINE) °.�.,�•'.�,�.
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