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<br /> • 'j� W�H � tlfG iOAQ[Oi►i�.S OON Q[ I1�$C� GfCCfl�`OR-tbt j1l�O�E[ly. �id �11 dl�S. i7�f,
<br /> - ° —_ --°---....�!�!!i!in�i. "-"r�_fO�GS�ID1�W�:-�il�. T�S.� f1LSs N�Ei'�1�KS�Od StUCk�aII�CS mW Of�1Q�CR!
<br /> _ —?— qR Of It1C p�OpRty.-/tq� � � -- - - ' *- -- _
<br /> m1 additiot�s shall afso bs�uv a��,Ws�-�
<br /> rafticed to in d�is Sa�rit�t Ivstnusrmt as tht"pcapa�tY-�' , ' �•
<br /> �OR80VYBR COVENANTS tl�t Bon�ow�er is IawttilIy seisod oF tlie es�te heR6y a�svtyed and has ttie right to gra�aod
<br /> •` oomey the Pmpe�ty aod that the Ptoperty is aamaw�erod,�accept for eaam�br�noes of raoN.Boimwer warc�nts ard wU
<br /> def�geaaalty�hFdttc to d�e Pmpatyt agaz�all daims and dcm�nds,sub,jact w aay encumbta�ces of zeaoid-
<br /> -. 1,p�J��o[p�Ldrl,��t!t.ate C6s�ge.Bartowes sl�all pay when due the pducipal of,aad i�erest on.thc
<br /> debt evidencad by thc Nate�rd tatt charges due under tlx Note. . . . ,
<br /> . 2,Mo�titg Payiieats d T�ses, �ora�ae aMd Utiv CisRes•`Bormwer shaU inciud�in wcb a�tY PsY�,
<br /> : iogetber with the prircipad,atd inuaesi as set fotth in the Nate aad aaY tate chuges,an inssaltmeat u�f any(a)tazes�tad spxial
<br /> � leviod or w be levied agaimst the ProQe:t�c. N}� PaY��8�d cats on the Prap�erty. and tc?
<br /> = p�miums for ipsur�nce re�gured hy ParaB�apE�4- � _ • _ . .
<br />- i Facl�mnnthty iastallmau for items(a),Eb}.and(c)shail�equal'anq-twelfth of tF��t amounts.as.reasot�blY� .
<br />-- by Iender�plas an amount sufficie�to aniotaiu an additiomai balan�e of nat moce t�o���.F o��he�ted amounts.'Pi�e ,
<br />__-- -- fWl anmial amount for eacf►itcro st�lt t�e aa��mula�ed by�.ender�,�!sin a periad c���:o�i�befocic an item would
<br /> - (ioaotno delinqaa�c. L,ender s6aU 6old di��acnonnis collected tn uvsE to �aF -��a:.,a..�.':�i.."cj before tdey becorae
<br /> _ � � �• - . • ; . . , � , .
<br /> - If at•any time the tatal of the paymac�s held by L,ender for items(a), (b), aad (c), together arith the futuR monthiy
<br />;i};:. paymrnts for sucb items payable to I.ender prior to the due dates of sach itea�s,exceeds by moze tl�`uno-sixth the e�i�a1
<br /> • amount of paymenu requireA to pay such ittms when due.and if payments on the Note are cuir�sst,theri�.eMer shall eltber _
<br /> . : tefurxt the e�ccess ovec on�siath of the estimated payments or cxedit the exces4 aves one-siatti of.the esti�ated PaYments to
<br /> subsequent payments 6y Borrower,at the option of Bonower.If the totaf of the payments made by Borrower for item(a),(b), �
<br /> � - or(c) Is in�Eficieat to pay the item when due. then Borrawer shall pay to Lender any amn�nt r�eassaty to�malce up the _
<br />� deficiency on or 6efone the date the item becames due.� � � __ -
<br /> . As usod in this Security lnstrument. ••Socretary••�s the Secc�ar�,of Hoasing and Urban Develo�.ar his or her• ---
<br />• �esignee. In any year in whs:-l�ci�e l,ender must pay a moctgage insurance premivav to the Secretary,each�h1Y PaY��
<br /> shall atso include either:(i).ari,�staUmeat of the annual mortgage insurance premiu�ca be paid hy Lendec to�;e Secretary,or --
<br /> � lii)a monthty charge instead of a mortgage ':nsurance pcemium if this Security �.��trumeat is h�ld by the Secrctary. Each �-------
<br /> ,_,.•.
<br /> monthly�installment of the moctgage insura.�.'�ce premium shall be in an amount sufSci,.�to acca:�s�ate tUe full annnal mortgage �s;=��``
<br /> �. >. .�:
<br /> � insuranee premium with Lender une month prior to the date the full annual mortga�'u�:rance premium is due to the Secretary. � ;�'^=-'`3r;_=
<br /> .c; . .
<br /> . .:; or if this Security instrument is held by the Secretary, each monthly charge shatf L'�in an amaunt equal to ane=twelfth of _, _, ,;:�..rw�
<br /> ' `}; one-balf percent of the outstanding pririclpa]balance due an the Note. , � -
<br /> ; �� «�� ,`• ;,;_: ,.'
<br />; � � ;;, If Banowcr tenders to lxnder the fufE�sayme�tt of all sums secured by this Secnrity]nstrument.Borrower's account shall _,..�; :;`'
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<br /> : ,,�. ,x�_.
<br /> . be creAited with the ba�ance remaining for aIl inst�llments for items(a). tb). and (c)and any maRgage insurance premium �;,�-.
<br /> � �-� instaliment tbat l.ender has not become abligated to pay to the Secrecary.and l.ender shall pmmpdy refund any excess fimds ta " �
<br /> � � ` Borrower. Immedlately prior ta a farectosure sale of the Praperry or its acquisition by l.ender.Borrower's account shali be �
<br />• � �. ```•�" credited with an balance remaining for atl Ec:�tafimen�s for items(a). Ib1,and(c). , -
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<br /> r:i .� 1 ... . .
<br /> _ :�. 3.Apppcatbn of Paymenis.All paymentc under para�raphs 1 and 2 shaJl be applied by Lender as Yaltows: .
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<br />� � First.to the mortsage insurance premium to be paid by Lender to the Secretary or to the monthty charge by the Secretary - `f=`�``�'
<br /> ��`.� instesd of the monthly mortgage insurancr�remium: " .
<br />'�ti'::':�,' ; Second,to any taxes.special assess::�:�s.leasehold payments ar g�aund rent�.and firc.ftaoci and��ther hazard insnrance -.
<br /> ' � premiums.as required: • .
<br /> ' .�:: .'f 74»rd.to intcrest duc under the Note: f��' �
<br /> , .y,,:;,.• - '� � Fourth.to amortization of the principal of the Niote:
<br /> ' � . Fit'th.to late charges due under the l�ote. ' • -
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