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<br /> TO(iETHER WITH alt the tmprovamonto nov� or hereafter ereoted on tho property,nnd ali easements, appurtenances, and
<br /> � � fhRur�s �ow or hereafcer e paR ot the property.Atl repiacements and addltlone ahaA atso bo covered by thls 8�curtiy Inetrumen� �
<br /> Ad ot th�tonQohp la reterred to in thls 3eourMy Inatrument as the'PlOpeAy."
<br /> ' BOFiF+OWER COVENQNTS th8t Bor►owet Is lawtutly aelaod ot th0 estnte hereby conveyad nnd hna the right to grant ane�v �
<br /> � convey tAe Property and thut the Propsriy ia unenaumbered, except for enoumbrenaos o9 reoord. 6oRawer warranta and wiQ�
<br /> • de(end p�►enly tA0 titie to ths Properlr aWinst all ot4hta and damande,aubJeot to any ancumbrances of reaord. .
<br /> THIS SHCUAt1Y IN87RUMENT oombhea unitorm oovenanffi tor nattonai use and non-unHorm aovenenta v�Rh IMked I
<br /> • vui�tlons by JurtsdbtEon to constitute a undorrn aeourRyr Insbument aovering reat property.
<br /> UNIFOAM COVENANTB. Borrower end lsnder aovanant and agrea as followa: . •
<br /> 1. Payment of Principnl and Intereat; �repeyment end Lata Chargee.gorrowe�snan prompe�y Pay wnen
<br /> ' due ths rhaipai ot and hterest o�the dobt evidanoad by the Note and eny prepayment and late charges due undar the Note.
<br /> 2. �a�rtda fer T�xee nnd tnt�ra�ce. Subjoot to appllcebte 18w or to a wrmen wflber by Lendor,8ortowet sh&11 p8y �
<br /> ''� to lender on ths dey monthy payments ere due under the Note,untll the Note is psf0ln 1uu, a sum ("Funds°)for. (a)yearty � '
<br /> .. ;.;� tazes and asscsem6nt� wh1aA may attain pMO►hY ovet thfs Seaurity inatrument as a Ikn on the ProDeRY: (b)Yearly teasehold :`�
<br /> �^"'� payments or pround renta on the PropeAy, If anY� (o)year►Y ha:erd or property Insu�anca premlums; (d)yeady fbod fnsuranco ,..
<br /> . ^'�"' premwms.y any:(e) yeuly rnoApaQe insunr�oe premiums, it eny:and(�any sums payabb by 8arower to Lendcr in accoMence ;ir::
<br /> wRh ths provisbne of pareymph 8,in peu of the payment of mortgage insurance p►eMums. These kems are called "Esorow _
<br /> Rerns.• Ltinder may,at eny tYne,ooibct and hoid Funds in an amount not to exceed the mexM�wm amount a tander for a __
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<br /> Mderaiy related mortgape�oan may requte for Borrow0r6 esctow ecaount under tha tadma�Real Estate Setttertrent Procedures =-
<br /> . Aat ot 1974 as amended trom dme to ttne,12 U.S.C.�2601 et seq. ("RESPA"), uniass another law that applbs to tho Funds �i^
<br /> aels a bsser amoun� if eo, Lender may,at any tMe,cofieat end hoid Funds h►en emount not to excead the teaser amount. �R.-
<br /> Lender may estYnate the amount of Funda d•re an the basis of curtent data and reasonable estlmates of expenditures ot fuwre _
<br /> Escrow Items or oth�rwise In acaordence wkh appilcabte law. �fi��"--
<br /> The Fundts shaU be hetd In an hstitutbn whosa depostts are hsured by a tatlarQ6 epemy, instrumentc+liry.or entay(Inoluding �_��
<br /> s —
<br /> , '+ Lende►, H Lender b suoA an Mstitutbn)a h any Federal Hame loan Benk• Lender ehap eppy the Funds to pay the Escrow
<br /> • �;�` �te�na.Lertder may not oharpe 8ortower for holdfnp and applyhp the Funds,ennuaiy enalybn$!ho escrow acoount,or verHying �
<br /> `•'• the EsCrow Ite�ns, untess Lender pa�ra Bortowar Interest on the Funds and eppliaabg lew:permHs Lender to meke such a
<br /> aharge. However. Lendsr may repulre Barowel to Pay a onedime aNetge tor en Ind6ps�tdsat rotlt o.9tBte tRx tegOAbeg ss�vlCB
<br /> , � used by I.endet b oonneotbn wflh thts toan, unleas apPibable iaw providas othanrlse. Uniess an agrasmant Is made or �;;.�--
<br /> ' epP�l��p Iaw requte,q hterest to be pald,Lender shatl not be�equired to pay BoRO�rer eny Mterest or eemings on the Funds. ��:
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<br /> 8orcowar and Lender may a9ree h wrttho. however, that interest shaA be paid on tAe FundB.londer shall gMj to Bortower, ��
<br /> , .�, wkhout charpa,an annual eocounttip of the Funda,showhg credRs and debits to Me Funds end the purpose tor whbh eaah �-:_
<br /> debk to the Furtds was made. The Funds are pledged as addRbnal seaurtty tor aU suma secured by the Seeurity Inatrume�►� �f�;
<br /> '" If the Funds hald by Lender exceed the amnunts permitted to be heid by appllcable 1ew� Lsnder shell acoount to BoROwer
<br /> ' lor the ezeess Funds h aceordence w[th Me requYements of appiteabb{aw.It the a+�unt ot tAe Funds heb by Lende►at any ��;'.�';
<br /> C:rq�.:,-
<br /> . . Ume is not sutNOient to PaY the Escrow Items when due.Lender may so notNy 8orrower in wriHnp�and.h suah aeae 8arower ,�_".
<br /> ° shnit pay to Lender tha amount�eceaserY to make up the defbiencl►- Borrower shatl make up the defloienay h no more then -
<br /> . . � Mrehre monthly payments.at Lender's soN discretbrt. L__-
<br /> � -�� Upon payment in tu0 of eA sums seoured by this Securdy Instrument,Lender shel promptiy retund to Bmrawer eny Funds
<br /> : heW by Lender. If. under parepnaph 21,Lender shell acquire or seU the Propeity,Lender.Orfor to the aaqulsHbn or sale of tha
<br /> ____. . = P�o�iY.�6 epp�y+ any�unds lssx! !sp l.sssdet Qt tho�y et aeautskbn or ssle as a aredft e9a(nst the suma s�oured by Mis _ _
<br /> Secutky Instrument
<br /> � $. Appiteetion Of PaytltCfltl. Unless epplicabie !aw Providos othervvise,all payments recebed by lender under
<br /> ` � � ��� ��d g $�g�epp�ied; }YSt, tp any prepayment oharges due under the Not0.se¢ond,to en'tounts payabie under
<br /> • � par�praph$third.to hte�t due;touRh,M pnc�ipal due;and t�at,to any 1�cherges due under Me Note.
<br />�' ,, 4. ChlIT�OS's UCtis. BOrtower 8h89 p8Y &II texBS. as8essment5. ohstgeS. 4tas end hip08ftbn8 8tU'bufiblB to the
<br /> Propo�ty whbh may aqatn P►brRY ove� this 3e�uMY InsUument,�and Ieasehold paymems cr ground rents,it any. Borrower ahaq
<br />���'�"` � pay tl�sa obNBations In the manner provided M pamgraph 2, or M not paid in tha3 a�anner. Bonower sh9fi pay tham on time
<br />�'. • �� dkeoty to th�p�rson owed paymen� Borrower shall promPlry tumtsh to Lender sttnotkxs ot amounta to bs paid under thts ,u:
<br />- . ` pan�ceph. tt Bottower makes t hese DQY►nents d i re o t l y� 8orrowar ShaU Prompttyy tum[sh to Lender receptB evidenahp the
<br /> • '�� �Bor�►ower shaN promptqr dYSCherpe any Iien whlah has P��Y over!h(s Socur@y Uistrument unte.sS BOrrower: (a)aprees h
<br /> r;w �+,. wriung to the payment of the obilpa�tion secu�ed by the lien b a manner acceptebte ro i.ender; (b)coMesta h pood faRh Me
<br />�"`' "' ��'�i Iten by. or detenQs asahst entor�carnent of tAe pen in, Iegst P►cceedhas wAtch h the t�enders ophbn opaate to pre+rent the
<br />=�� eMo►cement of the Uen;or(o)secures trom the hotder of th�Iten en a9reement sat�teetory to Lender SubordhaUnp tMe lien to
<br />--,. �"._ .� , thls SecurkY inatrun�ent If L.endet determhes thet eny part ot M8 ProPsrty is subjeat b a Men whioA m8y attah priotily over thls
<br /> �=.4�._-" . ;
<br />;.4,�;;,-:•� ,. Security Instrument. Lsnder may 9� 8omawer a notioe IdentNying 1he Iten.8onower shaU satisy tho tten or take ane or more of
<br />�;�- :: : ths eations set toRA above w9hin 10 daYS of the givinp of notice.
<br />{-' � 6. Hezard or Reoperty Inaurance.Borrower aAall keep the Ynprovements now eodsthp or hereatter eteated on the
<br />�;��ti,...= Propraay h8LLCed egeinst bEe by flre. hererds hCluded wkAM the term "�oRendoa oovete9a�end any othYr h�ards. hCLdhQ =
<br /> � .., ftoods or floodhp,for wh@h Isnder reQutes insuranee. Thfs hsurance shall be trtaintaE+►ed h the amounts and tor the pe�iods
<br />- �.'-:':. ` that Lender�equY9s. The hsurance cartier ProWdhg tA9 insurence shait be ehosen bl► Bomower subJeet to Lsttders�pproval
<br /> =.�+,=;'�,"� wh1Ch shal not be unroa3onabl�r will�h810. It Bortowe►teUs to mehffiln Covern�e de.SC�ed above.Lendor may� et Lendars
<br />�'r�-'' oP�. obtah oovora08�P�Lendefs rbhts h the ProPeKY„eaordanea wYA Dua9roPh 7.
<br /> °,-��.�..,. Ap hsurano� poibbs and reneweis shaN bs ac�ePtable to Lender snd sBaO include a sffindord mortg4ps ctausa�ender
<br />- �'"' •. F-� ^ . shatl have tAe dpht to hotd the pofieies and rertewais. If Lender requtes.8errowef ahaa prompty Olve to tsrtder aY recetpta of
<br />-:��;r�'.:
<br />�_---,�„ , . paid premlums ind renewai noHces. In the erent ot bss.Borrower shali gke prompt notke to the Insurat�ee urrier and Lsrtder.
<br />-`t`' -� Lender may meke proof of bss[f not made promptly by Bomower.
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<br />- •,r.�,,:;; ' l7nieas Lender M the restoruNon o repeY�onomN�lly feasible and�ShseCUrHY is n�ot lessen d I�t thBrreSM�ration�ot
<br /> . ' ,::�.. PropertY damaSed.
<br /> repatr ts not economically teasibte or lende�s securky woutd be i0saened,the hsuranca proceeds shail bo applied to the sums _
<br /> }; o �������• �' securad by this Sscur$y Inswment� whether ar not then due, wkh any excoss paid to Botrower. tt Bortower ebandons the __
<br />- Propert�r.or does no2 ansrrer wRhb 30 days a notk:e from Lendef that the i�suranee cartler has otle�ed to settle a aloM.than --
<br />= l.ertder may CoUeat tAe hsurenCe P�oceeds. Lender may use the P�S ��� or restOre the Ptopetty o�to pay sums
<br /> seour�9d by thl�Securttf►�nsCument,vaAether or aot tAen dua Tha 90�dar perfod will Dep�w�e�the noUee b gNen. _
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<br /> Untess Lsnder and Bortower otherwise agree h wrkhg� enY aPPl�tlon of �ds to prtrtopal shn8 not extend m �-
<br /> ° poatpone Me due date of the monthy payrtim�ts retarted to h Pera�►gP�s � and 2 or cNanpa the amourtt of the paYmenb.If �'
<br /> under paragreph 21 the Prope�ty b acqutred by Lender. BoROwer's d8ht to eny Insuance polfctes end Proeeeds rosukinp irom —.:
<br />= darnege to the Propecty P�r ��a �Ru�$ton 6he11 pass to lender to tho e�dent of the sums Dy MLs SecurYy Insbument ��
<br /> Irmm�ediatey P�or to the acWtsiNon. ��'
<br /> 6. Oaeupancy.�Preservetion, Maintenance and Protectlon ot the Rroperty; Borrower's Laan
<br /> --- ----- - -' •.,- _- --.-- -�_.___.._.. �...wu.w e..w..ee f�w Pn�mni ,ffi 6nerc�uar8 nrhnioal tesidel�e wiMh �'•:
<br /> --- -- -
<br />-- appitaanon; vaaaorenum. om�.,�o. o��.,.,,,,.,.r..o•----�•-•- --- ---
<br /> s6dy days after the ezeoutton ot Mts Seeurity �nstrument and shall conthue to aa�+pY the Property es Borrowsr'e prtnapai
<br /> �esMence for at teast one year sfter the date of occuPan�Y� unl9ss Lender othervrtsa s9re0s h vrtlthg,whbh consent aAaN not •
<br /> be unteasonabiy wRhheld,or uniess e�denuaNng cYeumstences exist whlah are beyond Borrowers controL Borrower shaD not
<br /> -- destroy,damage or Impair tAe Progerh�atbw tAe Properly to detertorate,or aommii waste or+the Property.Barrower shaU be in
<br /> " � h forte�ure otf t e ProP�Y a oth�materialM�P�the Ilen ns�eated by�thb�gSa�aitY Nstrurt�en�or Lendera seaut rH�r hbe�est �
<br /> � Ft3taLM0(tp7) Pag��of 6 � ° ..
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