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<br /> • � ' :� TOtiETHEFt N1RF1 �tll tA8 imptavemerrts�aw or hereatter erected cn tA0 property.and a�eassments.ePPurt�anc�.and � '
<br /> • ` � ~� . � fEmtr9s aow Or hCre3ii6r e paR ot tAe G1aAenY.�D tepl�cements an�l tidd�tiarts shall aFSO E9 eo�ered Dy N�S BeGUdY Iratrumen� �' .� ." �
<br /> , �:� . au af the t�¢soing ts�atma a eo r n t�b s e c a 3 y�n s n u m z n t a s t n e'a r e�e r e r-• t . � . ..
<br /> . y ; :.� 80F1�lOW�fi COVEIVANTS that Bortower�5 lawfu4y sa(md af the estate AerebY conveyae end Aas the riflRt.to grant and • .
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<br /> Coavey the ProD�1r and that the ProOert!►b unaawmbertitl.mceePt for eneumbmnees of�card Bonox�ar a�anants and wio� y � , _, .°
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<br /> ' detend geneTallY Ne t�I a to t h9 P ro A�Y�aU ct+�m&an0 demands.subj��et to eny enpecnbranees ot cecntd. � ,
<br /> THIS SECURITY INSTRUMEiNT COmOlnB9 urtitOrttl CGV6aent8 fOr nBtICMJ u58 end rtM�utlitOrtn COVen8tlts whh Cur132d � ►i-
<br /> �` � va�fatians Oy judsdictton ro eonatdute e un�ortn sacu�dY�nstn+m�nt cmreri�g real proDenY- t .,
<br /> ' . 'H 11NiF0AM COVENANTS. BOROwer end LenQar Couenant and e�e9 as to�ws: f . ..
<br /> . :` :� 1.Payinent;04.Princtpal end Enteres�Pce�aymertt and f�te Charg nes.�o� �u�d u�ivace. � ` ,` � �
<br /> Q u e t h ep B n e i p a l o f.e n d�t a n t�e d e E t e v t Q S n e e d b y t h e M1 f o t e a n Y 0 A a Y� � .. '�� �,�
<br /> � " 2.F unda f�s Taxes and tnsu�ence.Sbbi��ePDUcabte tsw ar to a wrdten waive�bY Lender.BwmK�shaB PaY� .. " ,." ..
<br /> --_ � 'to Lendsr an tAa daY mortMh DaY�ts ere due unQa the Note.un6!the Note is Oaid u�tu4.a sum(�Funds7 far. (a)Ye�tY _ : _
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<br /> ��� taxes 8�ass�sls whiels maY atta� DrieriiY aver this S e d u d Y I n s l r u m e n t as e G a n o n t h e P ro P e�h r. (b)Y 2 ar h i e a s e�o i d __`
<br /> , . . peymenis or grountl cenffi on Ne Rropetty.�eny; (o?Ye�Y R8rar0 or pmpeRy insurar►a Premhun�td)Yeerty Nond'a�sur�cB - .
<br /> pcemlums.d eny:(e)Yeaz1Y mortgage mswan�P�em*rms,�any:end(f�eny sums PaY��bY Bortow�to Lendsr in aceontance
<br /> . w�t►th�Drevlslons at paragraph 8. in Gau of tRe payment ot mortgage in&uranea Premiums. These dmns are ea�d'Escrov� <<, .�� _ _
<br /> Items.• Lendar may.at any t�e.coRect and Rni�• Ponds (n an emourrt nat to exceed ttre ma�mnum amount a tend�for a - �.
<br /> � • fsdmaqy BSated mpngage toan may requice tor Borto�vers esccow aeeount undeer the lede�at Re�al Esmie Settkmert Pro� - _ _ ,��....-
<br /> . Ac!ot 1974 as am�dsd from tima to time,12 US.C.��41 et seq. ("RESPAry, unhss anott►er taw thai ePPL•es ta the Fun� . � ;`,"
<br /> , sats e tesser amour�L If so.Lender maY.ai any t�re.coife�t end fiotd Funds m an amaurtt not m sxeeed Ure►�sm amount: - • • _,- .,
<br /> lender cn�Y estimate the amount of�unds due on the basis ot curtent daffi and ceasanab�estbnafes ot exPm�d3ures of(udae _ ';:':i.:;<x;;
<br /> Escrow ftems or ottditwtse u�aceor�nCe w�tA aAPiicabla taw. '�.., • ._-
<br /> . , ' The Funds Sha6 be hetd t�an msh'h�iton whose deDos35 are�sured bY a teAe�a{a8�►cY,tnstrumerlalTY.ar�tiiY(Inc0id3ng ,�,_ •.
<br /> .' � ��'�� lenG�.a Lender is such an fist�tion)or in eny Fed�el Home Loan B�k- L�daz shaU aDAty the Funds.ta P�l►the Escraw , � �-.- "°- =
<br /> . (terr�s.Lender may nnt charge 6orrower tar Aold"�arid eFDN�9 the funds.ennuaCy eretYUn9 ii�e sscrow's�r+4 ar v� - �.
<br /> _ � the Esaow Items. unless 4enda PaYs Bortmvsr mteres[ on the FunQs end eppCcabia isw pam�s Lender-to make sucR.a . • -" ��-.�.=:
<br /> . . • � • CAarge. HOttre+�LBrtdet m8Y�84�U8 BOrrOwe►to D8Y 8 ott�►9 CfiBr{Ie tor en indep�tdeni r�!esfafe tak teGottin�secv3Ce v'�
<br /> used by lsnQer tn conneetian wfth this �Can. untess eAO�fe taw P�des atheruvis� tirt�.ss an e�t � made or =
<br />� ,%}: eADGeab(9�aw�Yes interest M bs Daid.t.�fdar sha�rtat he reQ��ed to Pay Barrower any in�erest or eamttg,s on Me Funds. - ��.�.:��4--
<br /> � ' BortOwei end L�td2t tt�aY e9ree hf wraing,hOwsve,thet rtttetest shail�e p&td an the Funds. LQr►dBT 5fi8II•HNe t0 Borrower. . , p� ,;` :_ .�_�•.
<br /> - vrrtthout Cit3�ge.en�tnuel 8�ount6�g oi the Funds.Show�g c�edils end.dehds to @�8 Fund3�'t�the ptirp0�fot whieA eaCh : T'ti. �_ -
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<br /> � ' deh3 t0 the FunQs vras m8de. The FunQs ere Dtedged as add'diona!securnY tor a0 sums secu.-�D�`tAS Secur�l►Instrumsn�
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<br /> • . ., It the Futtds Reid by Lertder�cDeed the Amowds perm3ted to Oe Aetd bY ePAticabl9 tavr.4�'�er shBU account W 8artovr�r : _ ••�-
<br /> � .. fot the ex�eSS Funds tn�dance.wah ffie requirem�nts ot aPPGcabfa taw It tha emoun!ot tt.e Funds he:�by lertQer at�r�: „ �:' - __
<br /> ttme Is not suRicient to OaS►the Escrow ltems wtl�due.Lender maY so notBll Borrower in wrdut9.and.ln su�Case 8orrbvx� .
<br /> � ,,: shalt pay to Len6er the amauM nec6ssarq to maic9 aD the Qe6ci�cy. Bortawer s1iaU ma&e aP the defiC�tr,+�;rrp mbre.(h� '; �,.�-
<br /> , .`�' tweNe mcnthry 08Yments.at Lenttets sota d�erettan. : . .
<br /> . � � UDon payment tn ND oY eu swns secured bY Q�is Sean'�I tnsbument•Lender stialt PromP�1f retund to Earra'�i e�1*�Fcc�ffi, � '`' :
<br />-_ • hBtd bY LanQer. t!.under V�9�OA 21.Lend�s�BD ae4uhe or 58J tne PmAertY.Lender,pciat to the ac4��:ai sata a1�.Etie .., �-:
<br /> . . � Piropetyr.ShaU eOPN any Funds hetd by Lender at�9 tlme of ecqu�itttan or sala as a credl against.the s�ar�:�..�ured by U►ts • .
<br />-- .. . ; ' SeCU6ty fnSWment. '. ';,..:' :.:• "�4�
<br /> . : . � 3. j'1��IlQBuOff O� RByIR@I119. Unless eOP�icBble �aw protiri� oUi�BnslSe. 811 DBlrtnerRS �CE3�q�,f�,��►d� under �;..��.-
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<br /> �.`'"4�` �� pgiag�apt►s t and 2 sha0 be app�ed: fusf.co eny prepayment charg�dua under the Note;secortd,to emauris�ayabla und� �� ,�.;: • �� _
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<br /> �r t1 x third.to IntBtest du�tOURh.to ptinCtpel du�end•tast.to eny 18te Chetg85 due ictd�t the NOIe. ,. �
<br /> ;i�`t��'��tl''+:�� ����j1gr�@8; LI81t8. Bortowe► sha0 pal► ai1 teass. assessments. charB�. fines �� �Aosdions atb�butabis w tha �.
<br /> �£��5�'� FtC�raly'xvhiefi may attein Dtiord4 w6r this Secur�y tn5Wm2nt ac�d Seasehotd peym�ts Or�aa�.aS iront5.8 eny. 8orrowm�shaS j �_�
<br /> ;------- --, . pa�r'��;e ob6gatians a�ths menner provlde0 am pa�agraph 2.or�not paid in that manner,�arictver sheJC p�!th�n on tuna �C
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<br /> , ���;:-;.'�.,�.�, : � d'aectty to the O�son owed paY�1� Borrowes shaU DromAMI fumfsh to Lender a U no U C e s.o f arn�oun t s f a.b�0 a t d u n d e r t h i s , . i
<br /> • y���r RErag�apA. If Bortowsr makes tfiese paym2nts dk�ctty. Barto�ver shaD promptry fumish to i�rYler recepYS evidene�sg the ;.���
<br /> `s,,,.:s.:,�9�� PaY�a'-ats. , . `
<br /> - _- `;:c.�;`f��: � • �arra�r sh&0 promDMr diSCharg9 any Gen which das p r i o Y d�l ov�r t h L s S e e u r d Y t n s d u m�;t w s l t:s s B o r i r o w e r: (a�a 8 r e�i n
<br /> . wfidrtg�to tt�e Payment o!the Obfigation seeured by th9 ti�n in a martner aCCeptebi�to LenQ�: �Cb)contests Fn good fa��the '.. ��
<br /> Gen by. or defends�nTnst entorc,em2nt ot the iis.i,tn,legal proceeCings which a�the landofs optnlon operate to preveM tlre �.�
<br /> entorcement of the iiqa;or(o)secures from ihe rioider oi the Qen an egteert�nt saiistactory►to Lender snbord�athg the Gen to —
<br /> - j, '. � Mta Sec�udjt tnsCtrrAa�r4 Ii Lender determines that any paR of Me Property is suDlect to a('ien wAich may atfein prior8l►o��r thTs : ��
<br /> F�• !,r ,4,: ge�j�ssbumern.Lender may ghre Bortovrer a notice IdentEyfig the Uen.Borrower sha4 satisry tt�e Gen or take ane or more o! f,
<br /> -� �y� id�e u�W�ss!foRh ebove w3h� fQ Qays o1 the 9w�g of notiee. � �
<br /> i\�'�r�° ,�A 41��'Br� ar Propert9� �cisuranee. Bormvrer s�flA keaD the tmProvements no�v eNStin9 or hereafter erecte0 an`11�7
<br /> ;.,�,�,�: . .. • Properiy 6tsur8d_�'ns!tDS9 by fore. he�rd5 hfcYided wRi�it th0 term extenQed Covetag9'ertd enY othe►he�rds.ic�'w�atq� ,, , �*�'.
<br />"'; . � floads or flood'cp;�Fr►r�rflicA lehder re4�ires h�fea. This Msurance sdaD be mai��Med In tha emaants_�.�d tor tha�Gk�!�s .. _,,�,,, ..
<br /> " ' ' µ. Met lenEet teaua�...The tnsuranee eartia►,ih��i�rag tAe fisurenCe BhaO be Chosen by 8orrower subjest;1f�1�n�afs�val ��:, _
<br /> ,:, - �` �vh�h sh8f1 not fos U:ueasonabty� xrithhetd. �i�l::�rtower fMs W.mafiffi�Coverag0 doscf�ed epwe.f�r'.la^�e�tsry.a!l'.a(sGtr's
<br /> ..: f;,� �: o�st[on.obtain cevsra8a W ProteeC t�z#+�s�tn the P�oAertY In aecqrdanee wrth P�9�'�� ,. �': � • , . ?
<br /> .�. . � ,aD 6rsurance PoQcies an0��-�s 5r��e axeptabta to Lender end sha11 InetuQD s stmt�rd�ctause. Lender � .;. 'r�
<br /> ?; ' ' Shtt1 hav9 the dgh4 to hotd tAe pai�ies.an5 c'snsweLS. If Lsnder rAquirBS.Bortower shell pY�r�CY 9lve t?t:�s''�r aU rece[pts ot .,. ... _'"�.
<br /> � patd premLnns an0 renev+et noNces. In the enx�:tl1 bss.Bortower sha0 gtva pmmAt notice t0 the insur�c+nt�a�rNar and LenQer. , _•_•
<br /> • Lender may matce proof of tass tf nat made R��Y bY 8orrowe�. :'
<br /> �� Un�ss LenQ�r an0 Bortower othe+wlse sg:�o in w�in9� tnsuranee prooeeds sh�]I be eppfle0 to restoratlan or repatr ot the • -
<br /> `� . . : Property AamagaQ.H th0 restoralrnr v►neDeir ls econamfca�l feasIDle e^d LenOers secufrty Is not teSSeneO.8 the restoratlDn or t�
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<br /> f�-�. - repalr 4a not economlcefly feasID7E ar LenQers s�urdy woutd b0 tessened,th9 Insuranee proceeds shall te apptied to the sums ,
<br /> secured by thts Secur�ll tnslrurn�r'L�w�eiher c.r not then Que. with eny�ess paid to BoROwea If Borrorrer abnndons th� :
<br />"� PtopeAy. or d0es noi enswer witt�a�30 Q9ys a;nDtiCO irom Lender th8t the ins.usitCS t�r►1o►RaS oftered W�eetSla e ct�m,then �i . .
<br /> °J, . Lendar may cotl�:1l��e u�surenee proceeds. tr�sris►maf► use th9 Proceeds ta�4�ai►or restore the Pra�s►S rn to p�l sums ' .
<br /> S9CUre0 by th15��auty tnstrumenl,wheth�r r,{�s�tat th2n Que. Tho 304ay Oer�ad�e31'�egin wh�rf Me rto�3)a��':.
<br /> �: . • ' �►n�;ss L6f:d2r�an4 8orto►v� otheravts9 �'es In vm'Ung. aeY eAAC�ation e! �roaa2'�c..M. !o P�+uG�7. �t��l,ha}"asftiRd or .
<br /> �;. Post��th9 dua date of ths rre�.Yr�Y Palrrw�'.t�reterred to 6s ppragrephs t an�2 or ei;�a tho flmaui,�cC tYe O�/m�ts_H � :,,,
<br /> �. ' undeo OztagraPh 2t tn0 PrapeKY�s�'�Ecyp 8�dor. Bortowo�'s right to eny B+�sr�s�gr�'ErJes and pr�r�suttfaa�tpm _ , .:.•
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<br /> ` � damaga to the Far¢DenY Prior to rh9 sr,�'�is�+rrtta�shall Pass to LenQow to the e�ni af Y�e svms bp fhis Sc�.'�lY�suu.�mnt '' �`�'�
<br /> E`,.. ' ` � i�nmEd'atefy Prbf to tlte aCQu�ition. • ` � `� .
<br /> $;� � 6. Oecupaa�ay, Rreser+►aUon, Mairnenance and Proteetlon ot the Property; �a�rower's Loan r� � .
<br /> x.�?- . A�pliceUon; Lesseholda eorrower st�au oxupy.esmbush.en0 use Ne Property as Borrpwefs P�c�D�resldenco w3hn _ ''.,,. ,'
<br /> � . � � Spdy Eays gfter tee e�meutbn of th"s Seeurity lnStrument and shsD eot�inue to oeeuPY Ne Property as Borrovr8fs pr�ite�El � :. . ,.
<br /> �.' . r e s l d e n c e i m a t I e a st one y e a r aftOr the Qate of occupancy.untess LenQer olhfl+wlse agr�s tn wr�ing,we�h Cansent sh2,T nM
<br /> � pe unrEasonabry wkhhetd,or untess e�enuating ct�umstanees ex'st whieh ere beyon d Borrow e f s e o n t ro L B o n o v r e r s h a A n o t
<br />`r-'• � deslroy�OemagB or trnpa'v the ProD�Y.�w th0 ProA�Y to deteriarate,or commd westa on tne Property.Borrower st�a0 be� • , • , . -
<br /> defautt d enY farfe3ure 8ction ar praoeedtrl9. wh�thsr e1v31 or cr6nlna�,is begun that in LenQefs good ta�h juEB�t eoutA roSUQ • .-•- ---
<br /> � in forfeiture ot th�Property o►othenNise mamrtatlY bnRai►tAe Qen created by thls Seeurlry fnsuument at Lenders se�ur3y tni�reSL �
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