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<br /> •,� TOQETMER WITH all the Improv�+nente now or hereaher erecled on the propatty,
<br /> nnd eN eaesHnente, apaurtsn�nce�,and __
<br />�-;;•:'-�iS � All repi�cxnenU �nd�dditlons ahall dap be cov�Yed by thls Sacudty Instrument.
<br /> flxtures now or hes�fter�Part�1 th��ropMy __
<br /> All 01 lhe torepoing la reinrrod ta in 17�1e Secudty Innirument�s the 'Property.' ��.
<br /> BQRROWER COVFNANT3 th�t Borrawer Is lawlul{y eelied o1 the ostete hereby ccnveyed�nd hes the rlght to grant�nd
<br /> convey the F'roperty �nd that the Property le imencumb�red exaept for encumbrnnce� ot rocard. Bonower warrante end will � E_:_�_
<br /> ' detend genor�NY ths tftle to tha PropaRy�g�lnet dl cMlme end demanda, subJe�t to �ny encumbrmcee o1 rocord. ' oy;-
<br /> "�` THIS SECURI"fY INSTRUMEt�T combinea unilorm covenmte (or n�tlond uee �nd non�unitorm covenanta with Iimited _
<br /> � veriwtlone by Judadlatlon to conetftuta�uniform aecudry Inetrument covaring real property. ��,_
<br /> •�r� ' UNIFORM COVENANT9. Bonowx�nd Lender covenm!and ayree�a follows: � --
<br /> ' 1. Paym�n! of prinatpal �nd Ints��st; Pr�paym�n4 and l.�t� Cm��9!a�late ch�peshdue under�theaN te� ;.-
<br /> due the pdncipal ot and Interaat on the debt ovldcnccc! by tho Noto nnd eny p ep y ��"�
<br /> ..p01, 2. Funds for 7�x�s �nd Insur�na�. Subjecl to�pplic�ble law or to �written wtfNer bY Lender. Bortower sh�ll pey
<br />:��'..�-� to Lender on the day monthy psymente ue due unda the Note, untii the Note la pald In tud,� aum ('funds')tor. leaee o d -
<br /> __� taxes md esaesamanta whlch may attaln pdodty over ih� S�c�fd'ortpro�t �Insurlince prtemlums;P(dlyyeariY Aood Insur��ce ° -
<br /> __ psymenls or ground renta on the Property, If my; (o) y r1Y P°�Y
<br /> �"_= premlume, B nny; (e) yeary mortgego Insurance premlums,If any; snd (� any sums payable by Borrower to Lendor In accordance �
<br /> � wilh the provlslona of paragreph B, In Ileu of the payment ot moRgr+ge Ineurance premlums. The�e itema ere called "Eaarow
<br /> Items."' Lender may, nt any tlms, collxt and hold Funds In an nmount not to exceed the meximum amount a lender lor a `
<br /> ^ , tederely related moRgage loan may requlre for Borrowor'e escrow account under the tederul Red Eetate Setllernent Pracadurta
<br /> • y�� Act ot 1974 as amended trom time to time, 12 l:.S.C. �2601 et seq. ("RE3PA'). unlesa enother law thet npplles to the Funds
<br /> : , � sata a lesaer amount. If so, Lender may, et nny timn, collect and hoid Funds In an amount not to exceed the leaaer �mount.
<br />- Lender may estimate the amount ot Funds due on the basis oi curtent data and reesonable oellmates o1 expenditures olluture
<br />_1-,•,;:Y ' Escrow Items or othervvise In accordnnce wllh applicable law. HB�manulf or esitfty(Ineludlnp -
<br /> '��'��'' The Funda shall be held In�n Institution whose deposits are Insured by a tedernl agency. tY�
<br />-'���%n�' ` Lender, K Lender Is nuch an InatituUon) or In any Federel Home Loan Bank. Lender shaN appy the Funda to pay the Eecrow
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<br /> :.;:n.,�r;h�, Items. Lender may not chn.rg� BoROwer for holding end applying the Funds, annunlly anayzing the escrow account, or verft ny
<br /> ._�a�, the Escrow Items, unlesa Lender pays BoROwer Interest on the Funds and ap�liCable law Pertnl�s Lender to make such a
<br /> -�:,,•�'�' charge. However, Lender maY requlre Qorrower to pay a one-tlme charge for an Independent real eatete tex f8{I911If1g 6QNICB
<br /> `�Y��'" used by Lendet in connection with thls loen, unless applicable law provides otherwlse. Unlesa nn ngreement is nxde or
<br /> :,.,...�:r
<br /> -"'-�;�r; appAcable law requlres Interest to be pald, Lender shall not be requlred to pay Borrower any Interest or eamings on the iun s.
<br />.;;;ti'v Bortower and Lender may agree fn wHUng, howeve►. that Interesl shaN 6e peld on the Funds, I.mdkr shaN ghre to f30ROWK�
<br />--"f:x� wfthout charge, an unnuat accounting of the Funds, showing credits and debits to the Funda nnd the purpose for whlch each
<br /> __ ••-= debki'�„e funds h dbby�Lenderhexceed the am'ounts permR ed t�be held by applict�ble law,rlendert shall accountgto Barower
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<br /> -���� tor the excess Funds in eccordence wkh the requkements of appliceble law. If the amount ot the Funds held by Lender d any
<br /> '�"':_r+�� dme Is not suHiclent to pay the Escrow Itema whan due, Lender mey so notHy Bortower irr wriNng,and,in such case Borrower
<br /> sheli pay to Le�der the amount ner.eseary to make up the deftciency. dorrower shall rrflke up the deficiency In no more than
<br /> ,�-.�:;� iweNe monthly paymenls, at LendePa aole discretlon. refund to Borrower anY Funds
<br /> -- Upon aayment In tuH of aH sums eecured by this Secudry Instrument, 4ender shall promptyv�h�.����i�eton or aale of the
<br />-�^��--"��s hdd by Lender. i}, under pangraph 21, Lende►shaN acqWro or aeii tna `rroprriy, L����. ����� =-•---�
<br /> Property, shall apply any Funda held by Lender�t the time ot acquisfUon a�salo as e uedit aga�st lhe sumo secured by this
<br /> `";` Security Inetrument.
<br /> -.��;� 3. AppIlC�tion of Paymsnts. Unless eppAcabie law provides othervvice, all payment� roceived hy Lpncle� undet
<br /> _�-=;:��. parapraphs 1 and 2 shaM be epplled: flrot, to any prepayment charges due unde►4he Note;secand, to amounts paya4{e under
<br /> -- �� pangreph 2:third, to Intxest due;tourth,to princfpal due; and lest,to any late charpes duo o�dcsr tha Nota.
<br /> --- 4. Chsr��s; U�t1s. Borrower shall pay ell tsxea, nssessments, chargea, fines �nd imposf6ons attrfbuteblo to the
<br /> �� property whlch may attain prlority over thla Securiry Instrument, �nd leaseho�d payments or ground rente, B any. Borrowx ahail
<br /> -x:�, pay these obligetlona In the manner provided In parngreph 2, or B not paid In that menner,Bortower ah�A pay ihem on time
<br /> - � pangraph.t 11 @o►rower makes th se paymen s digectlyr, Borrower'hall promptly Itumish t�f Lender f6C01P16 ev dendn9 he
<br /> �� paymenta.
<br /> • Borrower ahall prompty discharge any Ilen which has priorky over this Security Instrument unlesa Borrower: (s) �prees in
<br /> wrltinp to the payment of the obNgatlon secured by the Ilen !n a manner acceptable to Lender, (b) contests In good ldth the
<br /> Uen by, or detends eyuinat entorcement of the Yen In, legal proceedings which fn the Lender's opinion operste to prevent the
<br /> onforaement of the Yen; or (c) aecures hom the hoider of the Iien en ngreement sattslactory to lm¢ier subordlnatk►g the Ilen to
<br /> this 3ecurily Inatrument. If Lender determines that any part ot the Property is subject to a fien wP�ich may attaln priortty over this
<br /> 9ecurity Instniment,Lende►may yive Borrower a notice identity(ng ihe Iten. 6orrower shail satisty the Ilen or take orte or moro ot
<br /> - the actlona set torth above wRhk�10 days of the giving of notice.
<br /> - � 5. Hwrd or Propsrty I��urance.Bortower shall kenp the Improvements now exisGng or fi+ereeifter erected on the
<br /> — properly insured egainst loss by fire, hazt�rds included withln lhe tem� 'extended coverage' and any olher harards,hcluding
<br /> -- floods or lloodk►y,for whlch Londer requires insurance. This Insurance shsN be mainL+in�d h the amounta and tor the perb�I
<br /> that Lender roqukee. The Maurance cartier provldMg the Insunnce shall be chosen by C3ortower aub�ect to Lendx's�p�
<br /> which ehaN not be unreesonebly wfthhNd. tf Borrower fails to malnteM covevage descnbed ahove, Lender may, et Lender's
<br /> option,obtaln coveraga to protect Lender's rlghla In the Ftaperty in accordance wkh paragraph 7.
<br /> AN Insursnce poNdes end renewals sh�ll be acceptahte to Lender and shall Indude �standordemo pa�9�e�a+��i do
<br /> shnq have the�ight to hold the poNdes nnd renewals. II lender requlres, BoROwer shttl promptty giv
<br /> _---- pNd premiums and renewal noticea. In tho event of loss, Borrower shall give prompt notice to the inaurance cartler and Lender.
<br /> - -�7 Lendar may meke proof of lose M not made promptty by Borcower.
<br /> ��-- � Unless Lmder d�d BoROwer othervrise agree In wriUng, insurence proceeds shall be epplied to restotation or repalr of the
<br /> _. �`�g� propetty damegad,If lhe restoraUon or repair is economlcaly teaslEie and Lender's security Is not lessened. U the restoration or
<br /> -- '31 re{rak Is not economlcaMy teesible or Lender's security would be lessened, tho Insurance proceeds shaR be applied to the sums
<br /> —���r� securod by tMs Secudry Instrument, whether or not then due, with any excess pald to Bortower. t� �lortower abandons the
<br /> --"`�snvi_�•5� prpporty, or does not enswa within 30 days e notice trom Lender that the Insurence cartier has oHered to settle a clelm,then
<br /> :._:•.-n.—.�.c;r�
<br /> ;_{{_�,;.��. Lendur may coNect tho Insurance proceeds. Lendnr may use tha proceeds to repelr ar rostore the Property or o pay su
<br />_'.:�,;?d�-, securod by thla Secudry instrument,whether or not then dua The 30•day period wl�l begim when the notice Is given.
<br /> ;�� ' Unless Lender and Bortower othetwiso agrc:e In writlng, any appUcaUon of proceeds to pdncipal shall not extend or
<br /> ' �::;•�;���� postpone ihe due date of the monthly payments refcrred to In paragrephs 1 end 2 or chenge the emount ot tho peyments. It
<br /> "-'•'^"=�%�+� under parapreph 21 the Property Is acquired by Lender. Bortower's rfght to eny Insurence polides end proceeds resutting hom
<br /> ;rs�r�.�_� dnmage to the Property prior to the ecqulsltion shall pass to Lender to tha oxtent of the sums by this Secudty Instrument
<br /> i�.e.n.n�inr tn thn acnuLsiUon.
<br /> `' ^ 6. Occupancy� Prsa�rvation, Maintsnence snd Protectlon of the Property: esorrowsr's �a���
<br /> �'����. `i�±., AppltC�tiOn; Leas�holds. Borrower shell occupy, estabYsh, end use tho Proporty as Bortower's pdncipal residence withln
<br /> •• � •t slxty dnys aftor the executlon ot this Security Instrument and shall contlnua to occupy the Property as BoROwers ptincipal
<br /> ; i, residence tor et least one year after the date ol occupancy, unless Lendar othenvlse agrees in writing, which consent shaN not
<br /> _ , ..�,; be unreesoneby wkhheld,or unless extenuating circumstances exist whlch ere beyond Bortower's control. Borrower shall not
<br /> � destroy, dartuige or impatr tho Property, ellow the Property to deteriorete, or commit waste on the Propeity. Borrower shail bo In
<br /> - ` ne}orteltu enottihe Property or otherwisedmaterNNy impalrlythorllm circa'ted by8histSecurity�inslrument ortlender's secu ty itnterostt
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