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<br /> � BORROWER COVENAI�TS that Bosodrer iy lawfnity seised of the e�ttate herelf}I conveyed�d 6as the nght co _ , :,..
<br /> �� � ;4�Y :f gcant and coav e y the Prupetcy and that the Pcoperty is unmcvmbered. except f�r eacambraates nf recor0. �arroerer ,. . ,c - - �.
<br /> an `
<br /> . ' warrants and will defend generally the titde to the Pc+operry against ail cIaims and demazids.sublect to aay encumbrances • ,
<br /> . � . �} of cerord. � `
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<br /> TN2S SECURITY INSTRUMEI3T combistes aaifotm covenaats for naiianal�use aad uon-unifom� oovenants wish
<br /> Wnited vaziatioas by jurisdictioa ta constinue a uait'orm secariry insuumcat wvering ceal pmpetty
<br /> . . . �. � w �d l.ender cavenant aud agree as folTows: , �„'. l`
<br /> UNffORM COVENAlVTS. Borro er w P��� of.and intetest
<br /> . � j o£ I�t�si sad Iaffi t�- Bormwer shali pay t:en dae the -.- ---•-.-_. _- .
<br /> � , 1. pay�i �a�, .
<br /> � --;� -"�"":T,� ; oa.tlte debt evidenced by the l�ote and tate chatg�s d�e tmdec the tYote. = ---.--,F i�-
<br /> . ;�'�,.' , :•:".: , i 2. E�anlht9�Y�o�Taaes,Iitsur�, mad Ot�er I�ar$�- Bormwer shall include ia eash uioathly payment. . - .
<br /> . . �� ' to c t her with dte priucipal and 'uuerest as set forth ia tl�Note snd any late c6arges,a sum fos(a) taxes a n d special � ��.•,��. ��, � •( :
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<br /> . assessments levied or to 6e tevied against the pmperty, (b?Ieaseflo1Q payaients or ground rents on the Property,aad �: •
<br /> ` .- : ' (c?P�� for iasurance iequired uader pardgraph 4. Ia any year ia wiucb the L�der must pap a mortgage ` :�.. ,. ."' . ,'
<br /> .�l.•� .1�..�..
<br /> : �'''' insurance pr�um to the� of Housing and�Irban Development (°�cmar3►"?,or ia any year ia wLic6 sach :.:,.,.,
<br /> . �:J p�+emiwm nrontd�ave bew iequin�d if Irader ariiL heId Ute Security Insttument. each moathly payment sha1a atso ':`� f �,.
<br /> '`y `� �¢ ; iactude either_ f)a sum�for•the aaaual mortgage insuraace gremium w be paid by ixnder to the Se�tary.or('dl a , ! , _:
<br /> �' , ., ; ,>,•=� moathly char8e instead of a mortgage iasureuce pce�ium. if this Security Inmvmene is held. by tlse Seccetar�'. in a �';Y� fY -
<br /> �;�F�:� , `�� �easonable amount w 6e determinai �y the S�ry. �s�pt for the montbly cbarge tiy t9e Seccetary, ti�ese items. ` s�' "�-
<br /> ..,h , ��r ,li� are called 'Escrow Items"and the sums paid w Lendcr ac�caIF�d.,'Fssmw Fuads." : . . --
<br /> „ � ,,.��� I,�der may at aay time.caliect and hold aumnws far Fsm�► Ite� in aa aggcegate,aa�aunt ant to exceed the i ,,z
<br /> �. � , : � `�.� , �amouat [hat may be reqn�ud for 6orrawePs em+e��ouat under the Real Fstaie S� Proceduses _ i:` �-,-_
<br /> . w II� , t:
<br /> . � Aa af 19T4.12 d�.S.G§2641�.and imptem� �gnI¢�ns, 24 CFIt Part 3500.as they may`He�adefl from � --
<br /> � . _.. �.`�� -time w time f"�PA"),eaccept tl�s the ca�shion or.�e g�ed by RESPA for unaaticipaied d� or : ;,���:
<br /> . _ disbussements 6eforc tbe Bo:rower's payments aze ava�7able ia�.acoo�mt may nat he based oa ama�mi5��ne for the, . _ , :�:—
<br /> . . ; mortgage insuran+�e premium. � � ��
<br />_ . `'';.'.�� If the amonnts held by I,ender for Escmw Iums�Eaceed.�dr:e.�nnts permitted to be fleld by RESPA, Iruder at�ai� � . '
<br /> 'r a `� a �v RFSPA. If the amnapis of funds held by L�der at aay time .<� ` �`-
<br /> ��;� ` . : ._��'f 3 . . account w Borrawer fcc the excess fvnds as reqai�d . `�.�""r-:-
<br /> �", �:t;.•�5 T ' ;a i e n o t s a f fi c i e n t t o p a x�ID'3 e E s c m w I t e m s w h e a m t e;ikader a m�r no t i f p ti�e�.�ower and require Borrower w make , -
<br /> ��:.:F;,,�:.s' � ;�,, . up the sitortage a�petmiued byRESPA. �'� _ . :",'��•����_
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<br /> 4 r�� ?`,�(f.. � , The Fsacow Fnnds arc pledged as additional se�cis3+4'as��seca�d�_rythis Secauity?��+!�+s^t. 'If Bomower , ,�,.�-�
<br /> ' � � ' , {. .•'.';; :' t,ende�s t�Lender the fuil paymwt of a11 such sam�x.�rrawe'r's.�aow►t st�at�t�csedited witb We balance r�maining ��
<br /> ( ) �11 ms��?�`� Erasiwt become '�
<br /> `� - -r� ��"<Y� ,._, : �stal�eut items(a).(b), insuraace remiva�.i�taumeat that Lender ,.}���" �r�
<br /> , ;v � ,�c� �;r all'. aad c and P �,.mds w Borrower. � -
<br /> � : � , . ` � ' .st3�ligaied to pay to the Secnetary,and Ixnder st,�J��t.'�P�Y �� �Y��•�: ��ly priot , .:•�__
<br /> � f fiJ i�i:c.r aw e s's a c o ount shaU.be cxadited w�a�ay balance `
<br /> • '�f.` ���''�to a'foc�tsa#►re sale of tha Pcopeccq or its a z q�u s�3��y,.1�a d r��� . .,�_
<br /> . t. reroaiai� E�r all iast�limeato far items(ak(6},�,"tc), ` ;� • ''
<br /> � '`' ` c� AII.pay�r���.�er �ai�.�}:�ad 2�.2t�I be applied 6�y I.eattet as follows: ' ___
<br /> �4� , 3. � �• ,�� Y charSe Dythe .-
<br /> »`� 1�[RSf.t o t h e m vrx��i n s u r a u c e p c e m i u m,r.•�t�Z p a i d b y L e a d e r t o' �.a a ry or to the Ynnatlil e�:�
<br /> *irxja_ .��;:�r`� � . .,.
<br />��r���r.. ��.. ;.- SecretaTy instead of�t�e monthly mortga$e i�c.ance preauum; . :. ��+�e + ._•_
<br /> ''"'''��`• 1,' S£ ��, w any taxes,sPecial ass�meuu, teazehold payments or growiiY reats.and�fae.tlood aad other hazard (f __
<br /> ,• ii(� �ez�-:�_
<br /> ' '�;i r �q>� � insuTdACf QIemit1A14. 8S I�; ,� ��.
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<br /> � 1- ,r�;• THIRD, to intetest due�mder the Note: `:a�,�t ���:
<br /> ��,`..' "�r:°: :':��; . FOUR'PH, w amortizarion of the principat of the Note;aad
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<br /> � � A:.4'S,T
<br />-_,»�Ep�:, . .. �. , F[FTfi, to late cbarges due under the Noce. . • Y.: -
<br /> :: r.a . � x: ,.. „ , .
<br />�•.�r�K�4..��' � � 1�� - �;�����;"r:.��� 4. Fu�Ftaod�rd O�er N�and Insnr�oe. �Sorrower sLal!insnre all improvea►enu oa the Praperty. whqher . --
<br /> . ,, � �'' �.aow in pxistence or subsequently erected, a€,aiast anY ba�.azds,.sasualdes. and wntingencies, including fire.for whicb �.��_
<br /> -- ���` �,�s'�:�qfaires insurance." Thls iasurance shaU be maintrdm�,�'' Zp tI16 emouats and fot the periods that lender `, ��
<br /> f�, ` � ` � ' .� , , .�L cp �" i�sonower shall also iasure ail impmvements on ti�� L�e�ty, �bether noa ia existeace o:.,subseqnently` ,R •.� 1��
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<br /> ,ti`��'�`i, . � . , � .'��a�•against lnss by floods to the extent required by the See�et�r: �C�irb'�i�ce shall be caaied�ni�oom�pan�es y,�,,1 �.•'.
<br /> �r' � ._; �t: � �., '.,:�- '�em' �iY 1�er.� The iasluanet policies and aay renewals.s',�U.be��.�-,af.}v?�,eader aad shaU incl�id+��2oss payable ,��;4 '*='.�
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<br /> : �,`,T'-,- ���`:h ti�vor of,and iu a farm�k'�le to, Leader. .: - � . t ...` � --
<br /> ' . . .�s 2he event of loss,Boaowu �t:s��ve Lender iu�edea�::�r�x:.'ce by�mail. Lender c�•make prouf of loss if noE: ,, .
<br /> � � ; � ' made pmmptly by Borrowet. Each in�u�nce �4�P�3+ con��t is hereby authorized ana directed to make payment �
<br /> ;;� �� ' 'for sucti loss directly to Lender. instead of tm�Tc�'u..ower aad't� Lendec jaiatly. AU or any.part a��+�e iasuraace
<br /> �' � � ' proc,eeds may be applied by Leader, at its opric�:;�3ter (a}t�tihe r�uction of the iadebtedness �:Che Note and ., . : .
<br /> + � . �-:� this Sacu:iry Iasuument, first to any delinquent a�:onuts apQtfi:{ij�a the arder in paragraph 3,and thea tt1 preQayment : _
<br /> ' � ' � of pri�al, or(b) to the restoratioa or repair ot ihe c2z��,�rapeny. AnY aPP�ication of the prooeeds to the
<br /> :�; �.� � ': � � � yriric�aD shall not exteud or postpone the due u�ta�of the��sly paym�nnts whlch are referred w iap grapb 2,or •�
<br /> ',:�< � ..� , ��age Lhe amount of snch payments. Any exce�i:as,�tance proceeds ovRi'a��.¢nount required to ps��ai�outstandinS � �•:
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<br /> ,:'� . , ! ,inde��daess und�r t�I�ute and this Secvrity ��*+'�*p^t shall be paid'.�r,�ifi�:eatiry legalty entid��ii�o. �;°r� ; � ;, :
<br /> � .�;'�J.;�.�� : -
<br /> ..;i� {:•1� .;� Ira tt�e event of foreclos�e of.this Security�nt.oe adter transYitr':�if citle w the_Propezty that extinguisbcs ,.,`.r r_
<br /> �the irxtebte�aess, a11 righe. 6t�e aa,d•inte�+est of Bocroa•er in.snd to insurau�:e� �ticit.�, fm foe�:e shall pass cn tfie •�,.
<br /> ';�;� '! • . .. • . ,. , , �� . ��;:
<br /> �` � p��' Botmwe.�s Laayx �iti;t�rs#�a; : .
<br /> �: ; S. Ooa�.y� Ptes�vaSon. Ma� an� protectian of 6�e rmpeaay: � ,�,
<br /> ' � Les�holds. Borrower shalt oavpy,establish�aa�use the Property as Sornsw�r's priacipat residence�i�ilia.si.�daya. h,
<br />;.� aftet the exe.cutioa of Wls Sectuiry Instnunent (or cvithin skty days of a lazer sale or transfer of the Property) aad situlj .
<br /> a� • ' :; � aontinue co occupy the Pmp�ty �Borrowet's principal cesidence for at least one year aRer the date of occupaucy,
<br />�!; . nnless Leadet detemvnes that requirement wlll cause imdue hardship for Boaower. or untess� extenuating
<br /> . . ' I cinvmstanccs e�st wbich are 6eyond Borcower's conuol. Borrower shall notify lxnder of aay extenuating �
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<br /> _.,. •� � I�BllSB'A-FHA OFED OP 781ISP � ,.
<br /> - • . i m��rs sssmm.�a�m►aa��wt . Page 2 of 6 � � . .
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