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<br /> . . TOGE7H6i WRH efl the improvemer�now or hereafter erected on the propertyr.and aD eas�nents. aApurOensnces.artd ," "
<br /> . �,., ,
<br /> fumu�3s now or haeaRer e part of the propeRy.AO reptacements eu�d ad�uns shaU atso De caveed by th�SearRy instrumerti b: �
<br /> . `. AO oi tbe toregoing b r�ateered to tn thts Seeu►i1Y InsVUment es the'Propetty.' �.
<br /> _.� . BoRROWER COYENANLS Hfat eorsawer is lawluQy seited oi the esfafe hereby conveyed and has the dght to �ant ana ` :.:°.
<br /> ` r � convey the Rroperiy and 4hai tRe Property is unencumDered. �cc�t tor eneumhrance.s of record. Bortower wartanb artd w�11 -
<br /> � . . defet►d ge�eraQy the titte W the Rroperty against aU ctaims end deman ds.s u b J e d ta arry en w m b r a n ce s oi record.
<br /> TM�s sEOUAm nus�autv��vr ��es unHorm eoveaanSs tor national use and non�unibrtn covenants with Umitedi
<br /> . vertaUons by IwismG.lon to const►�ute a unKartn seattitY tnstrumerri wvering real proPetY• <
<br /> ' UNIFORM COYEFfANTS. 8ortower and Lender covenant and a9�e as taQows: •
<br /> ' 1.Payment o8 P�tnaipal and l�res� PrePay�sesnt and Late Chargea eoROwer snau vwmp�ys p8y wnen ;
<br /> � �e the p:(ndpa!ot and inteest on tfie debt evldenced by tAe Note and any prepaymeM and�ate chan3es due under the Note. �
<br /> � 2. Funds for Taxes �n�[nsaranco.Subied to appUcabia law or to a written waiver bY Lende►. �ort°wer sha0 pay �.�� ;�,�.�:
<br /> �,,.�.�=. to Lender on the day monthty Pelime�ere due under the Note, unU7 the Note is Paid(n tu0,a sum ('Funds')tor. (a)yearFy .
<br /> .�--^�''{- taxas and assesstaerrts wt+it� maY at�i� P►toritY over th(s SecuritY Instrument as a �en an the Properly. (b) YeaAY leasehotd _ - -
<br /> . payments ar ground rerAS on the PropaiY.if any. IcS Y�Y h�rd or properlY insutanee pr�nfams: (�Y�Y ftood 6tsurattce
<br /> , -a.:,s�:l'�t .
<br /> ,;�•%.:;�'$ premlums.H any.(e1 Y�Y m°�3e��oe p r e m i u m s.i l a n y.e n d.�t y a i ry sums P�r a b►e b y Botrovrer w Lender in accordance
<br /> . ;�.��'` ;:,;S with the pcovistons af paragtaPh 8. in f�eu of the paymed of mortgage tnsuractt�premtums. Tf►ese itans are caIIed 'Eserow . ,,
<br /> Items.' Lender may. at any t'une, coQeet and hotd Fw�ds fn en amaucrt not to exceed the maxTmum amount a tender for a .
<br /> .` t, ;,`:'. (edaalty retated mottgaga foan may reqiiUe tor Botimvar's esuow accaunt undet the fede�l Re�al Estate Settteme�t Pmce�res _
<br /> Act ot 7974 as am�ded irom Ume to thne,t2 U.S.C.�2801 et seq. ('AESPA'). unless another (aw tha!sPAfies to the Funds ^
<br /> ' seis e tesser amount 11 so. Lender may.at am►time. co�eGt end Aold Funds in m� amaunt not to exceed ttte lesser amount. �.,
<br /> Lender may estimete the emoemi of Fev�ds due on the 6asts ot curre�t data and reasonabte esUmates at e�end�ures af fuWre � ��va
<br /> . - Escrrnv Items or otherwise fn aaaa�wiUf app6ca6te taw. `�•_;;"
<br /> The Funds s�ait be heid in an�ticn whase deposds��'�ured by a ted�al agertcy.ins4umenffi�it�/. or entity Cm�dm9 '
<br /> Leidet. if lender ts sucA en instr'�iae)ar in a�►Federal Hamz i.e� Bace[c Lender shs11 aAP�ll the Funds to pay tAe Escrow r-
<br /> ' "'` -� ftems.Lender�}I cri charge Bortow�tor ReL�:g and aDPN�9 the Furtds.�aiaRy enaNdn9 the escrow aceoun�or verityirtg � : ��.- �
<br /> ' �4RT.•.�:
<br />. ,. the Escraw ILems,us�$ss L�+da pays Bortaacc� inUerest on the Funds �� appUeabte taw pemu�s Lender to make sneA a t.;-•��;}:,
<br /> :A,L - charge. Hawever,l�-der may requUe Boaower to pay a oneUme charge tor �independerrt real estafe tex reporttng servEce r
<br /> • used lay ls�der¢s�nnectlon rs3� this [oan. nnieas appiiwwble Iaw provides othewis� Unfwa en ag�eement is made or , i ' r.
<br /> ,, eAP G a s b te t a w��s inierest ta be p a id L�d�shaH not 6e.�tred to pay Borrower asry 6rterest ar eamings on the Funds. ,`;,;�:���
<br /> 8otrowe[and Lertd3 may a�e In w�fng, hawevet,that intecest shaII be paid on the Funds. Lender shffiI glve W Barrower, -
<br /> -•--- . __.. �aut charge, en ffrrnnal accoundng ot the Funds.sfiowing aedds and debits to the funds and the pnrpose for wA�A eseh -_ - --
<br /> ' � � ` debq to the Funds was made: The Funds are pledged as add�onal securlly fcr xtl sums secured by the Securily Instrumem. � ;- -
<br /> �, •. •���.;�.� fl the Wnds heid by Lender exeee�t he amoun t s p e r M l t e d t o b e h e t d�±c��ca6fe[ativ.LenQ�sha0 accoimt to Borrower �. :-
<br /> " tor t he�ccess F u n d s i n a c c o r d a n c e w i t t�t h s re q u i r e m e n t s o t a p y II c a b t e l a w.t i t he amo�t ef the Funds hetd by Lendv et erry �:�-��,� .
<br /> ' tlme is not suffFei�t to pay the Escdow items wAen due,Lender may so notity Borrower ns svriting.ead. in sucA case�er �
<br /> 0
<br /> � '" shaU pay to Lend�the amoant neeessary to make uP the QefiCtencl►• Barrower shaA mac_up the defldency in no ma:Q�n •
<br /> ,. � - tweNe morrthty Paymertts.at Lender's sote�scredon. � ' ..,
<br /> , � . Upon paymed fn t�U ot atl sums seaned by thls Sewriryry InsWment,f.er►der shaU pmmptry refund to Bortower any Funds .
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<br /> . ' '• � .� hetd tiy►lender. 8,unde►paragrapb 21. Lender shaD acquhe ot seU the Propaty.L,�ndv.�!er to the acquis�Ion ar eate o1 the _;;:.-
<br /> . � ; ' : P�oC�/.sfiad apPN enY Funds hc-&,i by Lender at the time ot acquisitlon or sale as a ciar�agafist ffie surt►s secured by thts
<br /> ;:.s;;`tA#'.��.•; .::,�4 Sea��'�I tnstrument �`
<br /> .�, ;. �t, APp 1 i o 8 H o n o f Paym e t�t s. u n c e s s e p p R e a b l e t a.c� p ro v i d e s o t h e r w i s e, a U p s�rt n c�tt s reaeNed I s y LenQer under ' r:.� `
<br /> . �•; paragaphs 1 anC 2 shaU be appQed: ftrst,to any prepaymers d`.ar9es due under the Mot� second.to amourtts payable under
<br /> Y_r_
<br /> '� paragaph�tiJnd,fo 6rterest du�tourth.to pdncipal due:and LsS.to anY tate char8es due unde►tAe Note. - ,-n
<br />- � � � ,� _1� 4. Chaes�s; UenB. Botrawer sha0 pay aU taxes. r��merd� �.harges. fines and impmsitltons attiibuteble to 3he
<br /> property whicN may attain pttortry ovei tfiis Securfty Instrurt►ait r�d Izasehvid payments or�aune tents.H mry. Bortower shall -
<br /> r���: . ;.� � Pay tfiese oh[igaUons tn the manner provided(n Pasa�aPh 2,�a=8 not patd in that manner.Borrower shatl pay them an thne � --
<br /> '��"° �rectty to the person owed paymen� Borrawer sha0 promp9y Y�J^iisb to Lender aii notfces of amounts to be paid under this
<br /> `., - , ',x '.�'w
<br /> . , para�aph, ff 8crrawer maices these payments dlreetty. Bortawer shaD promptly tumtsh to LenQer reeetpts evtae�cin9 the _ --- _
<br /> • :•.�'a ��e� ��.�.��.
<br /> ' � - ' Borrower shaD prompty �scharge any Oen whicA has pdority ove►this S2curity Inshumertt unless Borrower. (a)a�ees tn ,.„_
<br /> ' wdVng to the paymerrt ot the obQgaUon secured by the Oen tn e manner acceDtabie to Lender: (b) cordesfs in 9ood tafthh the '��"�
<br /> . _ .Ren by. or detends against erf.occr�nent of the Qen(n, tegal proceedings whfch(n the Lender's opinion operate to prevent the ---R�--
<br /> � � enforr.ement of the lien; or(e) secures trom the holder of the�en an a�eemerrt satis(actory►to Lender subordinattng the Qen to �.=_�-
<br /> " � � thb Sepirily fnstrument N L¢nder determfies that arry part o1 the Prope►lY is subject to a Oen whicb may a2fatn priority over this — _
<br />" . .. .• ;; gecwfry Inshumen,tender may gfire Bortower a naUce identiying the Qen.BoROwer sheD aetlsty tAe Qen or take ane or more at ___- _
<br /> , r� �`:: the actlans s�3 L�r abave wdhln 10 days af the gt+r�g of noUce. _--
<br /> � �.Kaa3sv� o�P►opsfty Insta�8ttC0.8ortowe►sha11 keep the tmprwements naw�dsUng or hereafter erected on the ,
<br /> Pre�r�y insured against iosa by fire, hazarda incNded withfi the term 'e�dended caversge• and eny other h�rds.inciudtng ��
<br /> � tloods or 4oading,tor which lenEer requhes Insurence. This insurance sha0 be maUdalned fn the amourtts and tor the pertods
<br /> � � :,� �: that Lender req�es. The Insurance earrter provt�ng the insurance shati be ehosen by Borrower subjeet to Lenders approval =_
<br /> which shafl rtat�a unreasonabty withheld. N Bortower ta�ilss to maintaln coverage desca�ed ebwe. Lender may,at lender's
<br /> optlon,oMatn ac��raqe to proteet Lendes's dghts in the PropeRy In aceordence wlth paragraph 7. ;;��
<br /> � .�. -• M Insur�oo Dolldes and renewals shaU be acceptabte to LenEer and sheD indude a stanQard mortgage ctause. Lende� .�.._�
<br /> ;,�;y;+: � ,.. St�L•�:ave the Aght to hold L't� policies end reneweis. If Lender requires,Bonower sha0 prompUy gNe to LenQer all recetpts ot ,�.,:'._.,
<br /> st•
<br /> •. � , �; p�premiums�d rertewal rs�8ees. In the eYent o1 foss,Borrower shall give prompt notice to the insurance car►ter and Lender. —
<br /> ' • � Lead_r may make prool ot toss N not mado promptty by Boaower. .�''''�
<br /> .�' ,;;.. I,h;!ess La:d�r and Borrower otherwlse agree in wdUi�g,insurance proo�2ds sha0 be app4ed to ►estoraUon or repaU of the
<br /> - Prop2ny Qa� if the cestoraUon or repafr is economically feasibte srtG t.m�der's secudty!s not tessened. H the restoraUon or
<br /> ` " � '��' �(r is not eca.aomlraRy teasibte or Lender's secudty woutd be fessened,c°a insurence proceede sha11 be app�ed to the sums �
<br /> � • • �' seau.��d Oy this Securfry Instrument, whether or not then due. wftb arty exeess Pold to Borrower. It Borrower aba��ons t�e •
<br /> � � • � '� �2Ay, or does not answer vlthin 30 days a noUce from tr:�der tha!the insurance eairier has oftered to settte e�i.°n.then
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<br /> � LenQer may uCeet 1Ae ins�~�,ti:� praeeeds. Lender may �ss the pcaeeeds to repab ot�estore the Properry or to pay sums �•
<br /> :.:� secured by tRts Seaudly tns�vr,*:anl,whether or not then dne. The 3Q�Cay p:dad w81 begin when the noUce is given. �
<br /> �,: � ���� Untess Le�c� and B��Ner otherwisg agee in vMpng, ar.y a6pfi�on o1 proeeeds to prir.c�t shaD not mdend ar
<br /> postpone the due date a1 ti*.e monthy paymert:s reterted to in Fara�'� t and 2 or charge ihe es:ount of the paymerfts. It
<br /> . urtder paregraph 21 the Propa2y is acquired by Lender. 8orrrmQr's rty�l�.t to any insurarce poticie9 and proeeeds �ulUng trom
<br /> � da*n�ge to the Ptoperty prinr to the acquisiUon sheU pass to Lender to the extent af the sums by thls Se�rfry Msbument • :
<br /> � ' tmmemateyr prlar to the acqulsWon. '
<br />= ' � 6. Occupancy, Preservatlon, Malntenance and O�ro4o�tion of th0 Property. Barrower'e Loan
<br />_ .��. Appltcation;L�8S8hold9.Bortower shail oecupy,estabAsh, end use the Property as 8orrower's prfnclpal resldence within
<br /> •� sisGy days after the exearNon of this Security tnstrument end sheli conUnue to oceupy the Rroperty as Bortower's principal
<br /> residenee tor at least one year efter the date ot ocwpancy,untess Lertder otherwise agrees in vrriting,whtch consent shall not . .. .
<br /> . •� 6e unreasonabry whhhetA,or unlesa extenuaUng cUcumstances exlst whlch are beyond Bortower's control. 8orrower sha[I not -
<br />� "` . � destroy,damage or trnpalr the Property.ellow ihe Property to deteriorate,or commi!waste on the Property. Bocrewer shaD be in , �
<br />-, defauil il any foAefture action or proeeed'ing, wheiher eivil or edminal.is begun that In Lender's good taith Jud�nent could resutl -
<br /> �� �� in torfeiture o1 the Property or othervvlse matedaliy tmpaU the lien aeated by this Security InsUumeM or Lender's secudty interesL �
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