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<br /> ; fi...��,„.,,a„�„�. TOQETHER WITN ull thc impravementa ru►w an c�rcaftcr crcY��n�thc propcny, and all ca�cmcm.. rights. �_- --
<br /> ��-0.. ,,.,,.; � e P p u r t e n a n c c s,R:m a,ro y a lti ct. miner�l,ail u�i ga�ri ghts an�prufits.wutcr righlti�nJ �Uxk arxl ul l fixturc��N�w��r hrrcufler a �"�F`�=';";•,
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<br /> ° "�°4� r pan af the property. Ail replucementy unJ Lddi�ionc shall alr��t+e mvered by �hi�S�uri�y Inst�um�nt. All of the tiKeQuin�is �___
<br /> .� . ° .=�'�. rofenal to in�hi�Security inurument ar�hc "Pmpeny..• -
<br /> � • . BORROWER COVENANTS thut Burrower is lawfully sciseJ��t'the��tute hcreby umvey�Yl unJ bu.Ihr right tu grLnt�nd �,';W�
<br /> ' ' � � convey the Pmperty anJ�hot the PrupeAy i+unencumbered,except fur eixumbrvixes af r��urd. Burr��wer warcLnt� unJ will �-_'_°"'
<br /> : ... delend aenerally the�iUe�o the Pa�peny nQ�inst LII rlaims wxl JenuuKl.,subjctit tu uny r�kwnbraixc+ul rccurd. ,�;,Q °
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<br /> _ .� ' a_ �,�•_ ._ 1. Pnyment of Principal. Inlenxt ond I.site ClwrRe. &irrowcr shall p;►y when due thr priik ipal uf, cuK! int�rest on, thr "� .
<br /> :� ,,'�:�.;; o debt evidenced by the Nwe nnd lotc cFwr�cs Jue un�ier the Note. =
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<br /> . . 2. Monthly PAymentx at Tpxev. Insurance and Qther Cbwry�es. &�rruwrr �hull incluJe in carh numihly puymcnt, � �
<br /> togelher with�he principal uni interest as tiet forth in the Note urnl uny ILt�clwrgr+,an in+tullment of�ny la1 tuxe�and tipcciul „-.v
<br /> ,. ' . assessments levied or to bc levicd aguin�t the Propeny, lb1 lea.�ehold puymcnts ur �ruutul rent� on ihe Pmperty, uncl Ir) �"- �
<br /> premiums for insu�ance required hy puragraph 4. `�- -- _ _
<br /> Euch monthly inatullment fur i�ems 1u1,lb),and Ic)shall eyuul onc-twelfth nf thc unnuul umnunt., as reaumably estitrwted _-- _
<br /> .. ` � � by Lender,plus an am�unt �ufficient to maintain nn udditional buWnre oF nrn morc�hun anc-zixth�►f�Ik etitinwleJ um��untti.The -�r''�
<br /> ' . full unnual amount for earh item shall he uccumulated by l.ender wi�hin o periid ending unr muntb befi�re un i�em would �-
<br /> become delinquent. Lender shall hold the amounts collocted in trust ta puy items lal. Ibl, unJ Icl before they be�ame
<br /> . . delinquent. -
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<br /> If at any time the totul of the payments helJ by Lender fix items Iu1. Ib), unJ Icl. togeiher with thc future monthly �..T.,�--
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<br /> '. puyments for w�h i�ems payuble ta l.ender pri��r ai the due duter of such items,excced,by m��rc thun unc-+ixth the etitimated °;,�,�,..,;`
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<br /> ' ' umount uf puyments required to puy such itemc when due. �nd if puyments on thc Natc ure cuRent, then 1.cnJcr tihall cithcr ,,;.:•,•z_�..
<br /> '� • • refund the exceti�over une-sixth af the estimuted puyments or credit�hr excexs over one-sizth of the c.timuted paymentti to �•=`�'�?—'-
<br /> '�� • subsequent payments by BoRawer,ut the option of Borrower. If the total af the payments mude by &irrower for itcm 1u1, lb), ��-'_
<br /> '�' ° or (c) is insufficient to puy the item when duc, then Bc�rrower xhall pay to l.ender any amuunt necessary to nurke up the �•:�N�-±���'���-�
<br /> � • . - deficiency on or before the date the item becames due. =°-����=
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<br /> �' � ^ � As used in this Security Instrument, "Secretary" mean�the Secretary of Housing und Urb•rn Uevel�ipmem or hi�or her �,�F•,. �;. .
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<br /> „ designee. In uuy yenr in which the Lender must pay a mongu�e insurunce premium ai the Secret:�ry. earh monthly payment c1>,;;.. __
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<br /> shull aIM�include either:li)un installn�ent c�f Ihe unnual mortgage insurnncc premium t��be paid by I.enJer to the S�retury,or '�-ya,�,;,:, .."="'
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<br /> •r"�' (ii) � mont h ly c hurge ins tca d o f U mi�r tga�e inxurLnce {xe m i w n i f t h i� S ec u r i l y I n s t r u m e n t i+h e l J b y t h e S e r r e t a r y. E,�c h �.'�'��'`'• � �
<br /> '�';'•%� ••� monthly instullment of the nH�rtguge imurrnce premium shall l� in un um��unt +ufficient to•rccwnula�e thc full unnual mortgage � _'';,,:t.:;, �l�'
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<br /> � ,;;,},,,.;, �. insurance premium with I.enJer one month prior to the Jute the full unnual m�ingage imurance premium i�Juc to the S��ret;�ry. •-
<br /> ' � ,,. or il'thi, S�wurity Imtrument is held by tFx� Secrewry, e•rch nwixhly chargc shell t►e in un umuunt eyuul w�me-tweli'th of ,��:,�y,� _
<br /> ';.�i.' une-hulf percem�if the��watundin�prinrip�l balancc due on the Nute. . ; . °=_
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<br /> ; �' If&xrower�cndrn t��Lendcr the full payment ot'ull sum� ,�tureJ by Ihis Scrurity Instrumenl.B��rrowcr'�acmunt tihall ,,,,:. - -
<br /> � '�) � t►c crcditcd with the hulancc remuining liir ul) imtalhnrnl. fi�r itcm�lul. Ih), unJ Ir1 und an� mortgagc in.ur�nc� prcmium . _ .
<br /> • ' instullment thut L�;nder hus n�►t hecomc abli�ated U� pay to thr Sccretary, and Lcndrr.hall prumpdy retunJ am• rxrc.+ fundx to ��� _
<br /> &�rrowcr. Imm�Kliatcly pri�ir t�i a tiirecloxure sulc uf thr Proper�y� ��r it. aryui.in��u hy l.cnd�r. Bnrruwcr'�account shull be .. _�"
<br /> . credited with uny hulanrc r�muining fiir ull ins�alln�ems for item�lul. Ih►. wxl�r1. ..,•.��_'`"`=
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<br /> • d.AppBcatlon of 1'�yptents.All payments under purugraph�I uixl 2 xhall hr upplicJ hy Lrnd�r a�ti►Ilciws: :. • �
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<br /> � „ , Fint, ta th�mort�!aE�imurunrr prcmium tu hc pnid b�� l.enJer ti�the S�cretary or to the mi�nthly churge by the Secretary � '"'""; --
<br /> imteud of thc munthly murtgage insur�ncc prcmium: ,�•� � . ' -�=-
<br /> 3econd.�o •rny tvxes. �xcial ustiexsmem+. leasehold puym�n��ur gruunJ r�nt..anJ lir�. II�MKI unJ udkr huzard insurance '�. �; :. --
<br /> �. premium.,aa rcyuircJ: � . . -.
<br /> � ThirJ, ti�inleretit duc under the Note:
<br /> Fuurth.�„amnrtiratiun�►f the principul uf the i�ule: �
<br /> � Filih. ta lu�r rhar�tr+Juc wxkr thc Nulc. '
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