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<br /> 'l'0(9�`l't1t?Ft VirilH nll thc iniprovementR now on c�rcaftcr ercctcci on thc pru�C:riy, uu�1 t�il ciisc�i�cuie, t'igirts,
<br /> r,ppu►tcn�nccs, rcnts,roy�dQes,mincrnl, oH mid E�us ri1Shtri nnd�rnfits, �vatcr riphts nnd stark nnd nil fixtures nu�v ur I�crct►ftc��:►
<br /> pa�t of th��rn�xity. All rcplacemems nnd nQUitions ehnli ulso be covered by thls 5ccudty Instrument. All of'tl�e furegaing is
<br /> refcrrcd tu in this S�curity h�9truonent a5 tl�c"Property."
<br /> RQRRAWP.R COV�NANTS thut Barrowcr is lawfully seisect nf the estate liee�by eonveyed und has tha right to grant anJ
<br /> �ui�Ycy �i�e��vj,e�.y��w i�at t�� :���.«y iJ tIlIV�1�rY1�UbZ��� �zc��t f�:er.�umb:an;x�of re�rcl. B�sso::�er::��rr�„ss�:V±,yl!!
<br /> d�fcnd eenernlly�he utle t�the prc>perty.��ninst nll clnims�nd demand9,su4�1ect t�nny encumbrunces af rccord. ,
<br /> 1.Payment ot PNnclpal,Interest and L�te ChArga Borrower shall pny when due the principnl of, nnd intcrest on,the
<br /> debt evidcncal by the Note und late chargcs due under the Note.
<br /> 2. Monthly !'aymentA ot Twces, In�ur�nce pnd (kher Charges. Borrower shull include in each mnnthly Rayment,
<br /> togetl�er with thc priucipal nnd interest as set forth iu the Note end any late ch�rges,un lnstallment of any(n)tnxes a�xl speclal
<br /> assessmcnes levied or to be leviod ngaYnst thc Property, (b) leusehold pnymcnts or ground rents on the Property, anci (c)
<br /> premiums for insurxnce reqiaired by paragruph 4. �
<br />' �ach monthly installmtnt for items(a), (b),And(c)Shall equal one-twelfth of the annual amounts,as reasonably cstimated
<br /> by[.ender,plus an amaunt sufFictcnt to�nafntaln an additional bala�zcc uf not mor�than ono-sixth of thc cstlmattd unnunts.The
<br /> full annuai smount for each item shall bc accumulatecl by Lender within a peria�d ending one manth before an item would
<br /> b:,;.omc dclirtqucnt. Lcndcr shaU hald t�c amonnts callc..�tcd in trasi to pay i.ems (a), (b)� ancl (c) C:.faro tt�cy b,-,com., -
<br /> delinqu�nt.
<br /> If at any dmc the toYnl of tl�e payments held by L,ender for items (a), (b). and (c), together witl� the future monthly
<br /> payments for such items paysbl�to l.en�i�r prior to the due dates of such iteins,eaceeds by mare then one-sixth the esti�►wted
<br /> umount of payments requin�d to pay such iterns when due, and if payments on the Note are current. thon I.ender shall eithc;
<br /> rctund the oxass over one-sixth of the �estimutal puyments or credit the excess ovtr one-sixth of trie es�imatM payments to
<br /> subsequent pnymcnts by Harcower.at the option of Bonower. If the totai of the paymenu made by Sorrower for i�rm(a),(b),
<br /> or (c} is insufficient to pay fhe item when duc, then Bonawer shall pay to Letxler any amount necessary to �ke up the
<br /> deficl�ncy an or betvre the date the item bec:omes due.
<br /> ��� in shi��rlr; ?ns:s�n�eni, .•�..r ret:r;,, m�s�sh��rsx�s^;of Iicu�inr�m!L'rb«s:L';�:.'�pn�;i cr�is a:hcx
<br /> designee. In any year in whicli the Lend�r must pay a mortgage insurance premiem to the Searetary,,each nnonthiy pNyment
<br /> shali alsa include eith�r:(i)an installment of the annusl rnortgage insurance premium to bc paid by Lender to tht Sccretary,mr
<br /> (ii) a monthiy charge instead of a mortgage insurance �remium if tl�is Security Instzument is hcid by the Secratery. Fach
<br /> monthiy installment of the mongage insurance premium shall lre in an amounc sufficient to accumulate the full annual mc+rtg�ga
<br /> insu�ance premium wtth Lender onc month prior to thc dau the�ull annual mortgage insurance premium is siuo to the Secrrtary,
<br />: • or if this Security instrument is hold by tl�e Secretary, ench monthly ci�arge shat( be in an amount equ�l to one-twelfth of
<br /> one-half percent of the outstanding principal baiance due on the Note.
<br /> If Borrower tenders to L.ender the full payment of uil sums sexured by this Security Iustrument, Horrower's�ccount sh�tl
<br /> be crodited with the balance rr.maining for all installments for items (a), (b), and (c) cuxi sny mortgkge Insurance premiunn
<br /> in.staliment titiat Ixrxier has not bocome obiigated to pay to the Secretary.and Lender shall promptly refund nny excess fw�de to
<br /> Borrower. lmmodiately prior to a forr.ctosure snle of thc Property or its acquisitiun by I.ender, Borrower's account shall be
<br /> cralital witih any b�lunce remnining for ull lnstaliments for itt�ns(a),(b),And(c).
<br /> 3.Appiic�tton of Payments.AU paymenG�under paragraphs 1 and 2 shal!be applied by Lendtr as follows:
<br />; �ir�t,to the mnrtgags insurance premium to be paid by[.ender to ttic S�retary or tn the monthly chargc by thc Soccttaiy
<br /> 9nstead of tne mont�iy mongage insurance prcmium: :
<br /> 5ecvnd, to any taxes,s(iccial essessnxnes,l�asehotd payments or ground rents,w�d firo,floai and other hazaM i�uursncx
<br /> prcmiums,as requircd;
<br /> Third,to interest due under the Note;
<br /> Fairtt�,to amortization of thc principa!of thc Note:
<br /> Fifth,to late charges due�ndcr the Note.
<br /> � �-4NINEI vp�2 or e -
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