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<br /> �° � - � UPIiF�Rh�f COVGNAN'TS. 13orrowcR�nd Lcndc�cuvcnant�md ag�co na foiluwa: -�• "�
<br /> - `� � . _._:�� 1. Peymat�t v[['�'inclpAl apd Intcresl�Frept�ytttcnt mnd A.atu 4harge�, Bnrrawcr sflnll pramMlY PaY when duc thc �_ _-
<br /> ._.,y principnl of onJ intarcat an tho debt cvldcnccd by�hc Noto nnd any prepaymc�►t cutd lata charges dus umlec the N+a►o.
<br /> � - - .-- I 2. llin�fs por'taxes andtn.surnnrc. 5ubjc�:t ta app{ica4�te tnt�cst't+l u��rcltteit wulver t+y��ttler,nurr�wcr ehull pay to _--- -
<br /> � L.cndcr on tho day manthly p�ymenta an duo undcr thc Nutu,untN tho Nato ia pnld tn N11�n sum t"i�unda")i'ur: (o)y�nrly �
<br /> tnacs uttd AssessmentA�vhich mny uualn priority over thie Sccuriry instfuesc�u ay n Hen an�hc Prciperty;(b)yea�ly leugchatd ��� +:'.,_
<br /> ' ,r� ,.. , pnymonts nr ground reitts nn tho Propeny, If«ny; lc)ycu�ly huzurd or propcny insurnnco prcmium9; (d) yeurly ilaal ,+:_^`:
<br /> IP nnd (�any sums puyablc by Borta�vcr to
<br />._ __ ,.� � insurance premium9. !f cu►y: (c)yenrly mangoAe insurance premiuma, i�ny; .��
<br /> ' ° ' l.�cnder, in n�rnrdnnco�vlth�h�pravlatons of pnr���aph 8,in Ileu of tho payment of martgage In9urAnca prcmlums. Thcso ,l,_�.�
<br /> ^ iten�v ara cullcd"Escraw Itcros." l.cndar mny,nt c+ny thno,coltcrt and Aold�unda In cu�nmount nut to oxcccd thc m��Renl � '
<br /> �� . `� amount n londor for n fe�iaraliy�elntccl mongnBa lonm m�y require far eorrowor's esorow nccount under the fcder. _.;{_
<br /> 4-.M4.
<br /> � � bstnto 5atttament Proccdures Act of 19y4 as omendcd from ttmo ta time. 12 U.S.C. � 2b01 et s��. ("R�SPA"), untess �,��
<br /> �,� ; unothor luw thut nppties ta tho Funds seta n tcascr umaunt. If so, l.end�r mny, at any time.collcct nnd hold Funde in an _ —
<br /> ; umount nQt co eaceed the tessor mm�unt.Loadcr mny estimute tho nmount of Fundd dua on the basis of current datA und _
<br /> � ; reasonablv esdn*sten of expenditures of tWturo Esc�ow Itema or othcrvisa in accordunc�with applicublo law. '_
<br /> , ' � Tho�ur.ds sball b�hcld In an insUwtien whoso deposlts nrc+insumd by u fcdcral ugcncy, Instn►mcntaliry. or enUry _
<br /> (i�cludinB Len�er�ii Landur ie such un i��sq�tuaion)or in uny Fcdcrui Homu Lonn�ank. Lender shali upply the Funda to
<br /> � . p�,�tho 6ssrou 6t;ms. l.ender muy not ch��so 8orwwcr for halding und applying tho Funds,nnnunily nnnlyzing lho escrow _
<br />'� � moc.�iunt,ur ��esitying tho Sscrow Item.s,unles�l.ender puys 8onower interest an tho Funda und npplicnble luw permitr� _
<br /> L�.n�rs to make�such u charge. However. d.ender may n.�uiro Bona�vcr to pay a ane-tfine charge for an indcpendent n;ul _
<br /> :,� � `� estatu tn�reponing aervico used by l.ender 8�3 a�s+necdon with this toan,�ar.le�s appllcublc law pruvides othenviso. Unless aT F_
<br /> � �� �reenirnt is mado or npplicable luw reqw��.w lntorest tn br pa1d,�.ender x'�all nat be requircd ta pay BArrower uny interesc or c
<br /> r `� r;;;.' c��rninga on the F�mde, Barrawer and Lcndcr may ogrr�c ia w�iting, Ao�vover, th;u Intcr�st shail be pntd on t?io Fun�.
<br /> • ��`�.�"�'.'� �"��� Lender ahnU givo to Borrower,without chnrge.nn nnnu�.^1 anrounting of tho Funcis.�"��wing cndlts und deblts to the Funds
<br /> � ' 1 �';;�,j�'. . '' and tho pur�wso for whiGh enuh debit to the Funda was mu�o. �'he Funds are ptcc°,.�d��s additional sccurtty for all sums ____
<br /> seaured by this Securiry Inauument. =--
<br /> • If the Funda held by l.emter excecd tho Amoents permitted to t�hetd by npplicablo Inw, I..csndec ahall nccount to
<br /> " '' �'' Borrower for thv eacess Funda in acsordanco with the requlcementa of applicuUle law. If the nmoant af the Funda held by
<br /> � Lender At any timo ia not suf4�olent to pay thc Bscrow Items when dua,l.cnder may so notity Bflrnower in wrlting,and,in
<br /> ` � ` ' ' auch cASe Botrower uhull}���to Lender the nmount necessary to mnko up the deftcicncy. sotrower ahell mako up the
<br /> '.: ,. . � , .
<br /> ;_,� _T_g': _ doficiency in na marc than t���rlve manthly pnym�nts,at l.endor's sola discretlen. tIv rofl�nd ro Sorrower nny
<br /> - -.,., Upon pAymem in fuii of�ii au�ts�.�'��ci�y th#s�esss3ty ls�e.�r���r�u11 pran►p _ .
<br /> �;�, . . `' . � Funds hcld by Lcnder. if,t1A$OT pIITi�3'8}�'•1�I.1.cnder shull acquire c�,r�:e:1 c�e Pmpeny, L.ender,prlur to the ncyuisittan ar
<br /> . _ enlo of tho Propeny.ah�ll:�ply�ny�Et���s Aeld by l,e�dcr et the�:r,�e�f acquisltion or sale aa a cn.'dit aQuinst thv sums
<br /> — -- ` `` :eC!!!'P!4�Y Ihfc Cecuritv lt►v21vm�AG. --.--.
<br /> • a `��°' - � ^ -- s�ct,�cl�ic�i i�" 1+�ii�"vi isusl�r _
<br /> , 3. Applicw�lo� ot d'A�vt�rnss. L����s upplica�iaw prowdes�tncrwis..an puymc� 3
<br /> � •�� .; :, m n ment ch�es due uader t'ho Noto: sccoAd, to A�nounta payable
<br /> �•,� ;.:' , , purugrnphs 1 c►nd 2 shall ba upplicc?: f;�:t.to anY P P Y
<br /> tuidor purngcuph x; thir�,to interese 3�:�;�uuah.co principal due;anA la�t,to anY tato eharges dua und�r tho Note.
<br /> �. � . ` 4. Chargas;Ltensi. Bosrawer sh�ll p�y nll�uxes,assessments. charges, fines and impositiona attcibutable to tho
<br /> • `fi�"��` � Propeny which may uttuin prtority ovar this Security lnstrument, flnd Ivtuchald paymentE or ground tents, if any•
<br /> . .t,r,:
<br /> � ,.,:, � Horrower ehall pay theso obligationa in tho mumio�ptovidcd in puragraph 2,or if nat p�ld in that mazu►er, 6orrower sbull
<br /> ��! 'Y"`'�"�`,: pay them on time dircctly to the person owedpayment. Borrower shnll prompUy fumish to Lender ali noticce of umounta to bo
<br /> . � � p:►id under this pruaarnph. If Borrower malc�theso paymenta dircclly,Horcower shall pmmptly tiimish to i.ender recelpta
<br /> , ovldonclag the psyments.
<br /> Borrower shNl pramptly dischnrgo any lion whlcb hns priority avQr thia Securiry Instrument unl�s Barrowcr. (s+)
<br /> � QgT009 lA N/fIlIII$t0 IItC pAYS11CA1 dt lh0 Ob1��AlIOA 6CC0[C�I by lh0 IIOA(II B flislUtB�ACCCpIAb1810 Wl1dCf;(b)contesta in good
<br /> iaith tho lien by,or de£c�:is,�,�ainst enforcement of tr�r:I:ren in.legal prc�ceedinga v�1�3ch in tha Lendee's opiaia�.�perato to
<br /> - prevent tho enforcc�.!.�t ��"r she lien; or (c) sccures Evm tha holder of tha lic�� agreement eatiafactor} ta l,ender
<br /> .` � - �-�: subordina�h�,the lien to ihla SecuritV d�.gtn►ment. !f 1.ender deterc�lnes thet any purt of the Property ie subj�cc to a lien
<br /> '' �_„;�-• � which may�ttran prioricy over thie S�s��Yr��ry Inatrumcnt,l.endor m::t���v0 8onowcr a noticc identlfying tho Ilen. �3onower
<br /> 811AI1 SA1I9�L?f�lien ar tak,one or mv�o?�;�:nctions set forth c,i��:within 10 daya of the glving of natic�:.
<br /> g. H�r�M ar�t�y lnsucvnce. �r���r,w�la�cep Qzr lmpravamcnta naw oxiatiag ar hereofter c:r.�.�d on th0 —
<br /> . .'�",;•�• . Prapeny tn.��*cd 1gai�,��c 4a�a by firc, ha2arda insl�;,s!ed within the term "eate�dcd caveraga° and uny as�.e� haz�rda,
<br /> s� x�+*: � including�t���or tlooding,t'vr whixSz i:xmder requirea inauranc�. 'J�is iasurance shnl!be m�vratalaed in tha amounts and
<br /> �'°��'��° � ' for�he perio�s that Lendor requires. 71;r cnsurance carrier pravtdir�eho inaurnnce shnll ba chc�saa bY Hurrawer subject to•
<br /> •• �,..�.
<br /> r "� Lender's approval wbich shall not bv ar_reusonably wlthheld. If Borrower fails to malntAin c�s�uraao doscribed u ovo,
<br /> a�� ..._.��..�,�.; � _
<br /> Lender mAy, at l.ender e optian,obtaln coverago ta protect l.ender's righta in the Pcopeny in accordunce with psuugrup .
<br /> ,:. • � � .� All inaurunce palictes nnd renewuta aha11 bo ncceptnble to Lender and abail includo a etundnrd morigago clause.
<br /> ' ';�� . '�;;��, ��. � Lender shall have the right to hold tho policlee and►mn wals. IP L.ender requires� aorrawer shall promptly give to Lender ___
<br /> ' �� � nll receinta of paid premiums nnd renawnl nat�cea. ln�e ovant ai tass,Bomowor ahali give pmmpt no�ice to the insaranco
<br /> � ... ''�.�;,,:,� ,
<br /> '� .: . .�... �::#:�;� z���r�1�uutur. Lend�r�Y makv P�f o P l o s a i f n a t t n t u l u pmrn ptl y b y Borro�ver. �
<br /> _. _ . .—-�-=�--- - -
<br /> � '� Ualass Lender and Rflrro�vor otherwlso ugree in writing,inearaneo proceeda shali bo nppiinci to rv�i�ratiaa or scpafr af p,,
<br /> �' tho property dnmoaed.iP tha restoraiion or repnlr in aconamio�lly for,sible tutd Landt�r's secudty ia not lisestned. IP the -
<br /> ,�' rostamtinn or ropnir in a�st economically feasible or L.endur's security woald ba lvssxned�tha insuranca procceds shall be -
<br /> ` � ' �� , appHed to tho sums securcd by this 5ccudty lnstcument,whcther or not then due,with nny vxcesa pnid co Borrowar. If
<br /> � '' �� �. •� Bonowec abnndans�ho Praperty, ar dnds not nnawer within 30 dnye u not9ce from l.eader thnt•tNo insuranco currlor hus -'�
<br /> �' J '�'� offered ta sectlo n clnim,then Lendcr n�iry collect tho insuranee procecds. l.ender mny use the p�eeed�to repair or reston
<br /> ,. �,. ° � the Propeny or to pay sums secured by thia Securlty Instrumem, whether or nat then due. The 30-dpy pertod will be�in ��
<br /> �� • when the noiica is piven. >�.�'
<br /> � ' Unless 4cnder und Borrower otherwise agrce In writing.nny application of proceede ta princlpal shall not extond or
<br /> � postpono the due date of the monthly pay�ments rcferrcd to in paragrnphs 1 and 2 or chnngu ihe amount of the puymr:nte. lf ,y
<br /> '�� . under paragraph 21 tho Property is acquired by Lendcr,Borrower's right to any insurance policles und praceeds resulting �_-�.il
<br /> � from damage to tho l�ropcny priar tu�he acquialtion shall p�ss to Lendor to the entent ot the sums secured by this Secu�ity
<br /> ,; ; G�suuii�eut Immcdiatciy prior tn the acquisltlon.
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<br /> . � Yurm J02s 9190 fpu8�7 0)f pn�r�l
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