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<br /> ' ' � 98- �o�rsss
<br /> . o.�nonwea �QyaN��tTC t1u� 18orrower I!IaW�L��y 6CtSC�Of ljlC CStYtI• hereby conveyed and hu thc right to -
<br /> YV���V���+�
<br /> • �r�n�apd wnvey the Pr�aperty a�d �hu �he ProP�ny f�unencumt�r�ed. except for encwnbr�nccs uf record. Rorrower
<br /> wurutit��ad willdefaid�axrolly the tlde to the Propeny Ri�lnrt al cl�ims �nd Qemu�da.subject to my c�eumbr�nces
<br /> of rowrd.
<br /> THi5 SECURITY 1NSTRUMBNT oomblaa ualfnrm coven�nt� for nruloaal we�nd non•unliorm covrnyaa with
<br /> timiteQ v�ri�tion� by Juritdlction to conadtutr �unifarm �ecurlty lnatrument soverinA re�l property.
<br /> UNrFORI� COYBNANI'S. Borrower �nd Lrnder a�Y��� �h��s tol��rn due thr priacip�l af,ux1 interest
<br /> L. P�p►meel oi Prl�l, i�etat �ed l�ta (�rse. P�Y
<br /> an,rhe debt evldenced by tho Note �d luc ch�rget duo under tbe Note.
<br /> 2. Maa1Wy Psymnt oi't1�u��lowu�noe. aw1 Ot6a C�a• Borcawe� ahvl include in e�ch monthly psymcnt,
<br /> tagethec wiih tbe p�incip�l and intercst su set [orth in the Noto u►d �ny l�te ch�rges, •sum for(w) taxa and epecl�l
<br /> �u�eumrnu levlod ar to bo levied�dnst thc Prnperty. (b) lc�sehold p�ymeuts or aco�utid rents on tde I'rope�ty. eud
<br /> (c) pranium� for incuru�co required uader p�xQt�ph 4. la any yeu in�whtch the Lend�r must p�y a m°rt�a�e
<br /> iiuututioe Premium to tho Socretary of Houstng and Ucbu� Developm� E"Seccotary")�or in my yeu lat�hal! �lao
<br /> prtm,tv,m wovld have Mxn req,ui.rted i.f Leader atUl deld tlle Sos+�ri.uy 1.ast.cw�nt. e�c1► m°ath1Y P°Y�
<br /> incIu�k eUh.er: (!) a�um for tE�e�nn.ua�T martR�e Gtsur�nct �re►nium to Fre paJ�Q by L.�clet to the Secretuy. or(11)•
<br /> taoatAtY ch�r�e ia►stead. of a ma�g�ge i�raacc Pn�nium i6 dus Ser,w�et�r Ic�uumeac is If�ld by t�►e So�m+tY� ia t
<br /> r:a�r,r�kte r�eul.�r t� t�r dt�ts�m.�m� �y chs Secamtary. B�coe�rtt for the snoath3Y ct�c DF che S�Y• thae itemt
<br /> arc c�Y�Y "Escrow It�no�s'u�d tse sua�s paid to i.en�er ue c,�lled "F.scmw Funds."
<br /> l,tin�der a�y,at�onny wne,ool�oct aad hold snwt�nb for Facmw Itamt in u► aggregate unouut not to exca�d tbe
<br /> a�cirnu�amount tDaa miy be req,uired for Borrower's eacrow�coount under tLe Re�! Baute Settlement Ptrx�edura
<br /> Azt o[1974,1�TJ.S.C.SZ601 et�pq.and implana►ting re�al+�ioai. 24 CFR Put 3500.u tlky may be amend�d f�a
<br /> time to time ("ttESPA"),exapt thit the cushion or reserve pena�Ittod by RESPA for ua�ndcip�tod d'�su�u���ots o�'
<br /> di�bucumenu befon tde Bomowec's payroe�us ue avail�ble la tbe acoount m�y not be bned on�unouu�s due for the
<br /> moK�e iwutiaoe praatum. .
<br /> If tht urwuata head by Leackr for Escrow Items ea�ceed the an►o�nu permitted to be held by RESPA. Laoder a'ht�1
<br /> axouat to Borrowpr for the cxoess ti�nds u roquirod by RESPA. If the anauaca of ti�ads held by I�a�der sc wy time
<br /> • u�e uot wfficia►t to pay the Eacrow Ite�►s wben due.I�eiwkr roay notify[be Borrowar aod require Baesmwsr w m�ke
<br /> �p��nage as Qermitted by RESPA. '
<br /> 'Ibe F.atxow�nda ua pled6od�►s additioa�l securlty for�il aua�s acurrd bytt�i��avniry inunumurcac. It&,�w�-�
<br /> . teadrn to Leadcr tt►e th�ll piyaknt of�Il aucb�suans.Bumower'a�xount slull be credited with the,Q��1i�x �iN
<br /> . for tJl inYnllmeut itarv(a).(b).aad(c)�nd any mo�tg�c insuranx premium IasWla�aat tlu�t t.endlt.h�e not becptae
<br /> •..obligued to piy to tlre:SocrearY. oad I.es�der sl��ll promptly refimd u►y exoeaa fw�de w Borrowcr. Lidniodi�telY .p . '`. .
<br /> ' :lo a foreclosure aala�ar+the Property or fts�q�aasrtioa by Lenda.Borcower'e aocount sh�ll be cralitod•;w��ch�ay Ml�mce
<br /> ,� �'t�aa �, for ill init�l'9�au for.itetns (s). f5,1, and (c). • � ' �
<br /> �. g 1 and 2 st�r�l be ned by Leader�+�s follmvs: �
<br /> $�� d�pp�iptjon pt Ar�. A�1 p+�ymart�r �txler P�1� � .
<br /> �,to the mattg�e i�butunce'pre+nium to ba pdd by Leader to tbe 5acx'Ci�'�r t�the aaathly chu;e b�i't�e
<br /> Secruuy in�t�et+�.�;'�'a�rrhly mortgt8e�;1?wraaoe pnmiumt :.,
<br /> �j�� to runy'taxc�l�epecial a:tes�merit�;•]wdwld paymeats or gr4u3�d raite. uid fire,flood aod otber 6s��rd
<br /> � iosututioe pt+tdllua,t9. #�c�N�: .
<br /> �Q� to intere�t doe under the Note; ..
<br /> EQ�I, to�no�ion oP the pdaaipat of tl�e Note; and �. .
<br /> �> S �[, to t�°�c'hu�e+ due uader the Notc. �'' , wh�ther
<br /> ; 4. Fhe.Ploo�1 w�d'O�het Haad I�u�nne. Bocrowa �iWl insuRe all lmprovanmta �on the PrQpacy
<br /> he an
<br /> � � tww in existenoe oY�subeequeady eroctod. a8�iaist �ay bszatd�� asualtirg, �nnd condngepcia. ixluding fur�f�which
<br /> ,". I,�nder requitp IAUU�unoe. 'Ih�R lnwaace Wall be a�ainafnod ln tliie,.at?x�u �d la exirtenoe ot ub�uentlY
<br /> �{(p. HO[1'OWCt {�1 al��J.t1SQtC iIl�(1YOVGpCIIU OIl fbiC PtO�y.� � .
<br /> erected. �aim 1os1..pN flAOda�to �h�e extmt tegulml by We SocretuY. All insurmc� shr�l!be curled with�ompmta
<br /> �ppmved by Leadci. �ie i�uu�ta� P�licies��intl�fty cwewala i6�11 be hel� bY L.eader aad �11�pclwk loa payabk
<br /> ; clwea in fawr oi;aa-d�in�f�'tm�xcepuble tv�:Leadec. �� , ,
<br /> . tai��e event o4'lot��Hotr;�wer a1Wi give Laxler immGd3ete notia by maU. Laxler tnay m�1tC.p'rodf of loss if not
<br /> �Pr{ia�ptlY bY Borrower. :�nch inauraoce oompanY e4�cedxd is hereby wthorizod.�un+t directed',io m�ice WYmeat
<br /> for �lcxs diraxl�► to Laad�.7, inttad of to Borrower swd to Lender joindy. All or ury Pxtt,:4f the Iniwranoe
<br /> , ' procoed� msy be�p��eQ by Leader� at ita option� elther (a)to the reduction of the tnd�btodnes� 't�ndsr the Note �nd
<br /> ' ,' Wi�SecurIry Ioatr�i�edL lin�t to�ay deliaqurnt aiuwunts appliod in the order ia p�r�ph 3.�nd t�en [o PT�MY�
<br /> . ot pria�c�p,tl, or (b) 1m�t�e te5sfl�a or repait of tlie dmuga� Property. Aay�pplicadon of the proueeda to the
<br /> princi�pvwT ahtlt not ea�tend Qt�s2�one the due due of the maonthlY P�Y�� which�uc'tefeRed w in pRraQr�..z,or
<br /> .',_,:. ': C7iA0�!.Q�C�G1011a� ��I.�7IZ�S�i'�Cp15. Any exy�s.t inauraaoe pt�oceede ovec an amoutts rec�uilod to pay Rll out�mrdi�8
<br /> ' � indebtednese under`a•he,��loto �lci1 tbia Securi2�� Dnsttumeat sh�U be ptid w the eatita',;9�&a3DY.ettl�li�•,thpte�c�.,. • �
<br /> In the eveat ot'Qcr.reclosure of thle Securitg�° laurument or other tr���'eR hf titls��tti+�d�e,:�hK►I�t;�rty !�at��exeimgviJa'!ka
<br /> the indebtoAness. �['dght. dt➢e and inteKSt of Bor[ower in u�d to.:'vTs�uu+�e�,p���c3a�s:��;xo2te ahnl2 �aixg «��tLe
<br /> ��• ;f3o;ta��'t''�oc @�u4i• a�;
<br /> S. Q�7. P►�namtioo� M�i�camoe asd P�utection d tre P�npaly;; _.�-=--•-_��L�'��._
<br /> i�WO�. Bvrrow+er ah�ll acupy.at�bltsh� ana use me Proper[y as e�atra��rer-=prmc�p.i �� �•�����s�-+�-
<br /> aRer Q�e e�o!tbis Security Initnunent (or within�ixty daye��a P;�tet cs�e or traasfcr af the YAr•rn�rity) ufd shi11
<br /> coc,cirwe co occ�upy the Pmpercy u Borrower's pcincipal raida►ca fa �t lease one yexr afcer t�e tiate af ooaspancY,
<br /> �cair� Lender determ[ua th�d requlranent wiq cause undue hu+dahip fot �e�c�wes, or vnlw cictr��tiag
<br /> circumd►n�ca exfst which u�e beyoad Borrower'y ecwtrol. Borrower shal! mnuify I,esoder af asy +�ucavadnB
<br /> Il'!�I<AA-PAA` UN�D dip'IZU�'I' �
<br /> a� ��.��,�� Page 2 ot 5
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