|
�:� � � . " '�°=,,..
<br /> �
<br /> .. •`'�G' . _ . . ' • . :�� . � .,r , n_s�•i
<br /> ..c. _
<br /> .
<br /> •....MWM� � � � ..._.. ... .. . _ ... .. , .. � .... .. .... .. •� ..,._..... , , �. ..irj� �.�.43�.'n� ,.
<br /> �. �.� ...
<br /> _ ... ` ,
<br /> .
<br /> •�n.� .� ' !u. __
<br /> .
<br /> i. �.
<br /> . �u.�
<br /> �.... .
<br /> .. ........_�.._.- ..
<br /> _ ....... . .-_ ........ . . ... ._._..
<br /> ...M.�I�rrr.s...r-
<br /> 9y'„'1ovs� LOAN NO. 1 5 3 9 2 1 5 1 3 7 ��'° �__
<br /> '1� • l�_.l h:".�...
<br /> _ _ _. __ 4,pQY�e.��o}p��n���l,intereat end LatA Che�pa. Borrower�hsll pay when due the principal of,and Interest on, � _ _ _;-;4_,.
<br /> the dobt evldenced by the Note and late charges due under the Noto. ., .
<br /> 2.P�ontF�ly Pnyr��onte o f Yexea,In�ur�nce,e n d�3 i l i e r C i�p r q o o. a o r ro w e r s h a l l I n c l u d e I n e a c h monthl y .
<br /> payment,together with 4ho princlpaI and Interest ao cot Por4h In 4he No4e and any lat�chargos,a sum for(a)taums and .,
<br /> Bpoclal p�se�sments levled or tn be levled agalnst the Property, (b)leasehold paymenta or graund renta on the
<br /> Propa►ty,and(c) premlums for insurance requlred under Paragraph 4.In any year in whlch the Lu�ndin�must aa�n whtch �� ,`��
<br /> mortgage Insurance premlum to the Secre4ary of�lousing and Urban Devslopment("Secretary"), Y Y . . ,,.,
<br /> such remium would have been requlred it Lender atlll held the Security Instrument,each rnonthly paymont ahall also „ h�^
<br /> ' Incl�e elther:(i)a sum for the annuai mortgage Insurance premium to bo pald by Lender to thv Sc�retary,or(II)a ;,,..:.,
<br /> monthly chArgo Instead af a rnortqago Insuranco premlum If this Security Instrument Is held by the Secretary,In a f� � ��-
<br /> ---- ----� ., ..----•--. P.._.._.... .ti ......,�tin,,.►,4..,p nv t��a Rar.re4arv.the�o ftems _ _-
<br /> — '
<br /> , reasonabte amount to bo aetenninea oy u�tl on��n�a�y. ����r..��r.,,s,..�......, -.„.o--. . --�-=- -_...-
<br /> ~ ;;,;,.R,:: are called"Escrow Items"and the 9ums paid to Lender are called"Escrow Funds. � � . A.
<br /> }., .,,�. Lender may,at any tlme,collect and hold amounis tor�scrow Items In an oggregata amount not to exceed the �f,l;:�`
<br /> ' maxlmum amount that may be requ lr e d for Borr o w e r's e sr,ruw account under the Real Estate 5ettlement Procedures
<br /> " Act of 1974,12 U.u.C.$2601 ei seq.and implementing regul�tlans,24 CFR Part 3500,as they may be amended irom '`�;�
<br /> tinne ta tlme("RESPA"),except that tho cushion or reserve permitted by RESPA for unanticlpated disbursementa or u,,�..
<br /> � i disbursoments batore the Borrower's payments are evallable in the account may not be based on amounts duo for the A ,.�}yy��,:�.
<br /> �,.:
<br /> mortgago Insurenco premium. �•'-��'���
<br /> If the amounts held by Lender for Escrow Items exceed the amounts permltted to be hetd by RESPA,Lender shali � ,.�.,•.u�.;;;,,;��-
<br /> � �� deal vrith the exceas funds as required by RESPA. If the amounts of funds held by l.ender at any tlme are not sufficlont
<br /> � topay the Escrow Items when due,Londer may notfiy the Borrower and require Borrower to mAke up the shortage or ��+.
<br /> deflclency as permitted by HESPl1. . "'�4�_
<br /> . :w- '--
<br /> �� 7he Escrow Funds are pledged as additlonal security for all sums secured by thls Security Instrument If Borrower �*=�; .�.
<br /> ��i � tend8r�to Lender the full yment of all such sums,Borrower's account shall be credfted wlth the balance remalning �.,.n .,�
<br /> .,_ _ __
<br /> �1 for all Instailment Items(a�(b),and(c)and any ti�or�gage insurance premium installment that Lencier has not bocome . _. _
<br /> , ,� obilgated to pay to the Secretary,and Lender shall promptly refund any excess funds to Borrdwer. Immedlately prlor to ��';..:;
<br /> � a foreclosure sale of tha Property or Its ac ulsliton by Lender,Borrouver's account shall be credited wlth sny balance ����;;i:y,,:-
<br /> romaining far all Installments for items(a),�b),and�c). : __ -
<br /> 3.Appllceitlon of Payments. All payments un�er Paragrapha 1 and 2 shall be applled by Lender as follows:
<br /> ��� FIRST'to the mortgage Insurance premlum to be uald by Lender to the Secretary or to the monthly charge by the �"�� '•
<br /> 3ecretary Instead of the rrconthly mortgage insurance premium; � 9j.
<br /> S E C Q N D,t o a n y t a x e s,s p e c i a l a s s e s s m e n t s,i e a s e h o l d p a yments or ground rents,and fire,fiood and other hazard �._�"
<br /> ''� insurance premlums,as requlred;
<br />
|