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<br /> _ �rt",'�►�'��x;.'*r." TOUETHBR WITH all tho improvenKntc now or Nereafler erocted on thc Pmpetty. and nll easements. d�l►tr�
<br /> . *-��°° •'"�{"�./��`��.�� �ppurtenancer.rcnts,royalties.mineral.ail�xi ga�ri�ht�aid profiw.water d�h�s and xtock and all Fixwrcs now or her�eafter�
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<br /> ;r.,,.. �. � part of the pruperty. All rcplwcements and addiUons stwll dco be covered !+y thi�Sxu�ity Inauument. All ot�he fore�oin�b
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<br /> ',�'•"�„_:�:.,�...'�t`'. '<` mfemed to in thi�Security Instrument�s the"Property.••
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<br /> ��``�°'��'�"�""'�`�'r`'} ' � BARROWER COVBNANTS tlwt Bomawer is lawiully seised of tha astate hercby aonveyed and has the dght to grant ud
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<br /> . •.� .�• ..• . convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrawer wanant�and will � c���
<br /> ;{�,;.:�; ,,••:�,��. ° defend gcnerally the dtle w the Property n�ainst WI cl�ims w�d demands.aubjact to any encumbtancss of reoord. - --
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<br /> �� " . , 1. Pnymant ot Principol. Interest and[.ote Char�e.Borrower sholl pay when duc the principal of'.aM intenat on.the
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<br /> - ' debt evidenced by the Note and late chorges due under the Note.
<br /> � �,� . 2. Monthly PAyments ot T�ea, lasurance and Other CbaRes. Borrower shall includa in each m4nthly payment,
<br />�° . .. together with the principal and interest as set forth in�he Note and any lote charges.an installment of any(a)taxes and speciel ;�,=----
<br />''..� A�-��--•-�%--=:�� ; � a�ments ievied u� to be Icvi�xl agaiu�t the Property, lb) leasehald paynecnta or ground rents on the Property, ard (e) � _-__=z_ _
<br />�.,%,� • ,. � prcmiums for insurance�cquired by paragraph 4.
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<br />��� •` ' �� Fach monthly installment for items(a),(b),and(c)shall e�ual one-twelfth of the annual amounta,es t'easonably estimated ""�"
<br />� � '� by I.ender,plus An antount sufticicnt to maintain an additional balance of not mare than one-aixlh of the estimated amounta.The
<br /> • . , full annual amount tor each item shall be accumulated by L.ender withi� a pedod ending a� monih before an item would H.�.
<br /> ': .. • becom�: delinquent. I.ender shall hold the amounts calla�ted in aus� to pay items (a). (b). and (c) befon they bocome y �t�T
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<br /> � .;� .. � .��a� delinquent. --
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<br /> • If at any time�he tatal of the payments held by Lender far items (a). lb), ancl (c). tag�ther with the fuwrc monthly '���'-`"';.'"_--
<br /> • " • � payments fbr such items payuble to Lender prior to the due dates of such items.exceeds by more Iha�one-sizth the estimated ��_--°
<br /> • ' � amount of payments required to pay such items whea due,and if paytnents on the Nate are current, then l.ender shall either --� =
<br /> '`,' t � refund the excess over one-sixth of the estimated payments or eredit the excess aver ane-sialh af the eslimated payments to �L.���•°�
<br /> � �:�4�:l��1, subsequent payments by Borrower, at the option of Banawer. If the total of�he paymenta made by Borrower for item(al.(bl. , '
<br /> � •. � �: .,,;,, � :au -
<br /> - or (c) is insufficient to pay the item when due, then Horrower shall pay to l.endar any s�muunt t�es9ary to make up the s °
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<br /> : deficiency on or before the date the ilem becomes due. --
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<br /> � As used in this Secu�ity Iostnrment, "Secretary" means Ihe Secretary of Housing nnd Urban Develapment or his or her �;��._._ `
<br /> � designce. In any year in which the Lender must pay a mongage insurance premium to tf�u Secrelary, each monthly paytnent
<br /> " � shall also include either:(i)an installment of the annual mortgage insurance premium to be paid by L.ender ta the Secretery. or f, •
<br /> , . �.`•�:' 'i a monihl char e instead oF u mort a e insurance premium if this Security Jnstrument is held by the Secretary. Each ,�'�,���;;,�.
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<br /> ' manthly inst�liment uf the mangage insurance premium shall be in nn amaunt sufficient to eccumulate the full annual mongage ML��� '�-,"����'
<br /> ' � insurance premium with Lender one month prior to the dete the full annuul rn�rtgeg�insurance premium is due ta the Secretary. � ��''_
<br /> ' or if this Security Instrument is held by the Secretury, each monthly charge shall be in an amount equul to on�•twelRh of �------_--
<br /> ° ' one•half perrent of the outstanding principal balance due on the Note. ��'�����°,��
<br /> � ' "� • _
<br /> If Borrower tenders to Lender the full payment uf s�ll sums secured by this S�.�curiry Instrumant, Borrower's account shaJl �,
<br /> • be credited with the balance remaining fix all ins�allrnems for items (a>. (b>, and(c) a�xi any mortgnge insurance premium �
<br /> � instullment th�t i.ender has not bernme obligated ta pay to th�Secrctary,w►J L.ender shall promptty refund uny ezcess funds ta
<br /> Borrowcr. Irnmediutely prior to n far�rlasure ade of the Property or its acyuisition by Lender, &�ra►wer's account shall be ,-�.- -��� _"
<br /> • _ � •• credited with any balun��e remaining for ull installments for items(u1.lb1,wxl(r►. !;�;�`.i�iz�'
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<br /> 3.A IicAtfon of Pti menl.4. All a menls under ara rn ti I und�slwll be a li.�b l.rnder us follows: - •"`-�` --
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<br /> First,to�he moRgagc insurunce premium to bc paid by l.ender to thc Secre�ary or�o the manthly rhargc by rhe Secretary I x
<br />' � . instead of the monthly mortgagu insurunce prcmium;
<br /> t . , :,''•.,� Secnnd.to uny taxes..�xriul a�+es.ments.leasehold p•ryment�ur ground rent�.und lirc.flcrni u�d other ha�ard insurance ,:._��,,��g-
<br /> ' . . ' � • premium�.us required: . . �;�
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<br /> I ' �t'��� �` ,,. Third, to imcrest dur under the Nute: • . '' �
<br /> '.� . Fourth.a►a�m�ni�•rtion of thc principal uf the Nutc; �
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<br /> FiQh,to latc chargcs Jue under the Nute.
<br /> MC.9020�NE12 v�:o�s •. •+• . ,
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