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<br /> �����«+�a a� � �o�en,►. �a �u �. �a.
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<br /> � �,rtqts,roy�ies.miodaL.oit a�d�riahta aod peofits.w�ta�i�ts�nd statk aod�II fixtu�ss anw or haeitt�s
<br /> _ __ _ .___'�n.�t of ine pc�p�y.All 1�e�ents�a�d a�itiom sIW!alsofbe co�rec�ed 63i this SeatiitY I�._Atl_of the foieEoiqg is �
<br /> _�__ ` _ , retasrd oa iw ttia Secwity I�neoc— a����Y=' . �, . � —
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<br /> BQRRdWNR COYEN11NT5 th�t Bono�ver is tiwtully seised of the estatc hereby oanvryW and has the right to giant�nd - .
<br /> � -cuave,y t6e pn�ercy aod tbat tde ihvpetty is uneaa�mbaed,ea�cept fos���caoo�bf peoozd.Bo�tower wamnts aad wiil
<br /> � = deftrtd�t8e titk ta the Prnpesty�aIi cUm�uid dam�s.sabjax to any snwm6caaaes uf raootd.
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<br /> ` ` 1.��o�t e�Ri�dpd,_I�tecseR a[�L�r Clw�e.Bormwu st�ll pay wUen due t6e principal o�aad inte�+at_ott,_d�e
<br /> dGSt evidspoed 6Y tLe Natt aod l�te d�rges due under tbe Notc. '
<br /> . � .
<br /> 2, MoMii� Ph�rssts ot Taw►�aad dti�er Cbte�s.Bormwer shall include in�eh monthtY PaY�+ . .
<br /> togqher with tbe princlp�l aod intaest os set foith in thc Nde and any late charges.an instaliment uf anry(a)taxes�nd specia! .
<br /> sssess+arn[s kvied or to be levied ag,�i�uc tLse Pcope�ty. (b) IeaseMta pryme�us oc giaunc4 cents_on tbe Pcaperty. aad (c)
<br /> , ,premiums fa ins�uaaoe mpited bY P�*�Pd 4. - � ' �
<br /> - � � - • . . —
<br /> _ . EacA mo�bly instalima�t fas items(a),N).and t�?sf�aU equal ano-twelRh of tl�e annusi amaui►ta;,as t�e�coaabiY�natod ';
<br /> • by I,ender.Plus an amoum suf�i�t to maintain an additional balair.e of nnt more than one-sixth of the es�aated anwums.Tho
<br /> fall am�uai amaunl.for a�h itan shall be aa�latod by Lender within a Quiod euding o�month befor�aa item woald —
<br /> 6ecome detinqaak. i.ender sEEail 6oW tLe amowus coltaxed 'ui uust.to pry items (a?. @}. and tc) befot� they bocort�c --
<br /> delirquax. • -
<br /> - If at any time the total of the payments held by I�ender for items(a). (b).and(c),:taSetber widi thc futarz,monthly :
<br /> �paymena for such items payable w Lende�prior to the due dates of such itert�,excoeds by mons than one-sisth the e�Ged ' ��.-
<br /> y�y� amou�u of payments�required to pay sach ittras when due.and if payrtxnts on the Note ar+e curreat,then I.ender shalt eitbec . �..�"
<br />" nfimd�he.exass over m�e-sixth of the estimated payments or credit the eacess over oc�e-siuh of the estimated payrneMs to - .- �.:°
<br /> su6soquent payroeats by Bornuwer.at the option of Borrawer.If the tatal of tLv�gayments made by Borrowes for item(a).(b). �;:
<br /> or(c)is insut�icient co pay the item when duc. ihen Borrower shall paY to't.ender atry artwunt nxessary to malre up the . �
<br />= deficiency on or before the date the item becames due. . —__-_
<br />_�.;� As used.in this Socnrity Insaumen� "Socretary,•meai�s the Secretary uf Hotuing acd Url�n Devetopment or his or her
<br /> =• - desigaee. In any year iri which the i�ender must pay a mongage insvrance p�emium to the Secreta�y..exh morrtlilY PAY��
<br />� shall atso include either:(i)an instaltmeat of ihe aannal mortgage insvrance pttmium ta be Paid by Laidectn the SecretuY.or
<br />--•;� ` (ii} a monthly charge instead of a mortgage it►suirance premium if this Securiry Instcument is held!ry s6e Secrrtaiy. Each'
<br />. '"� - monthly installment of the mortgage insu�ctps�emium shall be in an amoant sufficicnt to aoaum�ta�e che full annu�i.tna�tgage _=_-_-
<br />. • insuiance premium with Lerder one manth pciar to ihe date the full annual mortgage insuranue premium is due to the Secretary. f �,:�r:=-
<br /> ' or if this Socurity Ir�strument is held by the S +. ry. each�monthly charge shali be in an amount:egua! to one-twelfth of `' � a-�
<br />= � one-half percent of the autstanding principal balanoe due on the Note. ' '���
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<br /> � if Borrower tenders tu Lender the full payment of all sums secured by Ihis Security(nstrument.Borrower's account sfiall ' ��=7` ,
<br /> •':�'°,=�:�-
<br />� be credited with the balance remaining for all ir�staliments for items(a). (b>.and (c)and any mortgage insuranse premium , ,��,�,. , -__
<br /> �� . installmeat that Lender.Bas not become obligatad t�,pay to the Secretary.and l.ender shall promptly refund any excess funds to • '•_,;_
<br /> � `� Borrower. Immediatety pr�or to a Forecfasure'sale'af the Property ar its acquisition by [.ender.Borrower's account shall bo _� • '���='=;-
<br /> �•:;,; credited with any balance remaining for all instaltments for items(a),(b),and(c>. ' • •-
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<br /> � �' 3.Appl'.c�atbn ot Ppyments.Ati payrr�ents under paragraphs t and 2 shall be applied by Lcnder as folfows: � • � _
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<br />_ � ' First.to the mortgage insurance premium to be paid 6y l.ender to the Secretary or to the manthly charge by the Secret�ry _ �-v.�
<br /> instead of the monthly mortgage insurancc premium: , ���__�"'
<br /> � Second.to any ta�tes,specia!assessments,leasehold.payments or ground rents.and fire. tTood and ather bazard insurance •
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<br /> - prcmiams.as required: - . :.
<br /> - Third.to interest due nnder the Note: � ,. •
<br /> � ;-'�:. Founh,to amortization of Ihc principal of Ihe Nate: �
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<br /> � Fifth.to late charges due under thc Note. •
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