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<br /> � TOOETHER WITH all the knprovamente now or hereafter ereoted an the property, and ail easemente,appurtonPnco3,end
<br /> � ibRures now or hareaftar a part of the propeRy.All replacements and addttlons shall aiso be eovared by this 8scurity Inatrum9nt.
<br /> '� • All of tho toregotng Is referred t0�n thls SoourRyr Inetrument ee the"PrOpeAy." ��
<br /> BQRROWER COVENANTB thpt 8ortower is IewNiy eeWd of the estete hereby aanveyod end hae tho �Iyht to grant nnd �
<br /> ' � aonvey the Property nnd that tho Property Is unenoumberod, except for onoumbrances of rocord. 6onowor e+arranto 4nd wm �
<br /> detend aeneralry the tkie to tho PropeAy a�alnot aU oiatme end demando,eubjeot to any eneumbranaea of record. '
<br /> THIS BECURITY INSTRUMHNT combines uniTOnn eovenants for natlonal use and non�untlorm aovsr+Ynl3 wfth IMttod
<br /> , varistiona by Judsdbtion to aonstkute a untiorm seourUy nstrument aovering reai propeAy. �
<br /> UNiFORM COVENANTS. BoROwet 4�d 4ender oovenant and Y�roe Ys foibws:
<br /> � 1, Poynnent of P►t�otpel end Intereat; Prepayment nnd Late Chnrgea. eorrownr snsa prom�iy v�y wne�+ �
<br /> due the prhoipat of end htKest on the debt evidenced by the Note flnd any propeymont and lete ohurQee dua unc3�r Iho NoVa. �
<br /> � ' 2. Fuods br Yexea and inae�anee.SubJeot to applbabte taw or to a wrtiten waiver by Lendw, BOrtawer GAA��pAy
<br /> to Lender on the day monthry payments are due under the Note,untll the Note Is pald In fu���a sum("Funds'1 far: (A)yea►hr � ,
<br /> � .-...s-: 3 texes and aseossmenta whbh may etlein pdodry ovar thfs Seo�a�o$p��n urence premtums;(djyyearbreloa d tnsumnce _
<br /> " payments or ground renta an the Property,H any; (o)yearh�
<br /> premiuma,M any;(e)yea�ly mortgago hsurance premlums, H any;and(�any suma payabb by Boaower to Lender tn ecaordenea ' •
<br /> wtth the provislons of paraBrePh 8. in iieu of the payment of mortgage lnsurance prem[ums. These It6ms ere callod "Esorow � .'_„.
<br /> ° � Itema." Lender may, at enY tkne, aollaot and hotd Funds In an amount not to arccad the maximum amau�t a lender tor a �;r �
<br /> toderalry related mortgage Ioan maY re4uiro for Bortowets escrow aaeount under the federal Resi Estato Settlemp+nt Procadura&
<br /> � Aat of 1974 a8 amanded hom time to time,12 U.S.C.�2601 et seq. ("RESPA"), unig�ss another law that appUes ta the FundB ����°>
<br /> � sets a lesser emounG If so, Lender may,at eny ttme,aolleot and hold Funda In an amount not to exceed the lasser amaun� ,:_,_
<br /> : .F Lender may ostimate the amount of Funds due on ths basis ot cument data and reasonabie estUn,atea ot expendtturos ot tuturo n� •_-
<br /> t Esorow Items or otherwtse in accoMance w�h app�lcabie law. ���<-
<br /> �� The Funds shail be held h en fnstkutlon whose deposRs are insured by a federal agency.Instcumental@y. or enNy(Inok►d(n0
<br /> �_ Lender,R Lender Is auoh an hstkution) or h any Foderal Nome loan Bank. lendor shpll appiy th9 Funds to pmy thta Esorow __,.��
<br /> ''•�,��. . �� Items.Lender may not charge Borrower for holding and epPtyin6 the Funds,annu�ll�analyrbl9 the esamw aaoum,ar varUytnB �_ _
<br /> the Escrow Items, unless Lender paye 8orcawer interest on the Funds and app1kA41�i 1aw po�nY9 Lendor ta mv3v9 su�h•a Ef
<br /> r" �?`'�� oharge. However, Lender may require Borcower to psy a one�Ume oharge for an independent �est6to tax r�A�O �� _
<br /> '.�'>y, '�'�' used by lenden c �onneotton wRh this ban, unleas appl�abte taw Provides othonvis�. Unt�se an e9r�'ntNat I� +r►t�e or �, ..
<br /> ' 8orro�var e. ht�reat or eunh0s sm tAO Funds. ��;(^��•
<br /> =�.;;� gppl{pgbiB Isw requlres hterest to be pa�d,lender shall not be required to pay '�Y ______
<br /> �`'��`'^� ' � � 8ortower end Lender may 8gree in writtn9� however, that hterest shali be pakf on tna Funds. lende�r shi�tl pkA bo 8orcower, :�,-_
<br />_'4�i�,::�� y��::
<br /> •��-�i��' � wfth0ut oharqe. en ennuai accounttng of the Funds,showfng arediGS end deb(ts to iho Funds and tha purpoce t`ar rihich eaoh �,�,,,,
<br /> �'�•� ° � debft to the Funds was made. The Funds are pted0ed as additbnal securRy tor a0 sums sacured by th�8ecur�r lnstrumenA _
<br /> ,� �.-,:: Lend�sriNl aexourt to Bprrower �
<br /> ,J,t<<;� If thB Funds heW by tender eocceed the cmounts permitted to be hetd by appifoable taw. ------
<br /> ���� for the excess Funds in acoordance wRh the requYementa of appllcabie taw.if the amount of tha Funds hetd by Lender at any r
<br /> time is not suffialeM to PaY the Escrow Items whon due. t.ender may so notiy 8orrower h w�iNng,and.h sueh case Borrower �,il?-
<br /> ��r;;yi -•.. . shail pay to L.er►der the amount neeessery to make up the deflcfenoy. Borrower ahaN meke up the de4lciency In no moro than �r,.-
<br /> � ,t;{ ,��. twelve monthy paYme^ts�at Lenders sole discretlon.
<br /> _-- �-,-;-,-�,;-;��:� ` Upo���y+�+=� tna�s!!sssssss s�urnel by this Securily Instrument,Lender shali orompUy�eTund to Barower any Funds _^_--
<br /> " .•° :t�.�r%�:� hetd by Lendar. It,unde�para9�Ph 21, Lsnder shall aaquire or seli the Propefty. Leede►.Prbr to the acquisAion or sele ofi the
<br /> � " ,v;� PropeKy�ahall aPPN Y y
<br /> , an Funds heid b Lender at the time ot acquiskhn or sale as 8 crodft against the sums secured by thia
<br /> � :'��'��,',.,' Seqirit�,lnstrument
<br /> � r �' 3. App1ECaU0fl Ot PayliYe111a. Untess aPPlioable law provides osr�e�w�e� alt paymente recetued by �enaer unaer _
<br /> � i . peraqrephs 1 and 2 sheU be applied: fbst,tc enY PrePaY►nent oharqes due under the Note:seaond,to emounts paYabte und�r
<br />_ _ . .- �aragreph 2;thlyd,to hteres!dua: touRh,to prinoipa�due;and tast�to eny Iate ohnryea due undar the Note.
<br /> . 4: Chs1'g�; I.IE11s. Borrawer BhaO pay ali texes. essessments. aher9eg. tinea en4 UnposEBons attrffiutobb to tha
<br /> � PropeRy which may attah pflority over this Suourity Instrument,and Ieasehoid payments or graund rents,B en/• Borrower shatl
<br /> pay these oblipallons in the manner provided h parapreph 2, or tt not patd h that mamer. Borto�rer ehatl pay lham on time
<br /> " � P��ph.tht 8orrower melces these P lmenta directlY. eo�rrower shali pro PUYa1tumfsh to f Lender�recepts p�evkfeno 0 the
<br /> � ' ;; , �Bot�cwet Shali prompUy disoharye eny �ien whiCh has prio�li y over thia Security 1nsCUmant uniess Bomower- (a)aprees in
<br />: • ,; '.`.' wrlthg to the payment of the obUgatbn aecured by the Iien In a manner acceptabte to Lender, (b)contssb te yood faith rite
<br /> � • "`'�� lien by, or data+da agahst eeto►ceu»nt ot the Iien ln, bDel Prooeedhps whbh h the Lender's oAh��opente to pterent tha
<br /> --•,':i , entorcertbnt of tha Ib�;or(a)seoures from the holder ot th�I►en en a9reeme�t �faotmY to Lander subordhathp ths Ifen to
<br /> �.�• thls Seaurtty inaWment.If l.6nder dete�lnes that any pert of the Properly Is subjeat to a lien which may atmh priorRf►over thts . �,.
<br /> � Security instrument,�.ender may 9� ���g notbe.identityh�0 the Ifen.Borrower shaY sari9ty the Ik:n or tdce ano or more of =_-
<br />" ` the aatbns Set torth ebove withh 10 days of the qNinp of notlCa
<br /> s . 6. l�t�Td or Property inso�rsnee. Bortower sAatl keep the Improvements now exlsting or hereaRer ereeted on the
<br /> -. �� PropeAY haured egahst bss by�rire� haserda hotuded wkhfn the term "eoctended cowfaSs'and any other hasards. hcluding _ __
<br /> '� tloods or floodhg,for whkh I.e�+de►reAuMes fnsure^ce. This (nsurenoe ahall!}e ma4naiied h the amounts end tor the periods
<br /> � � that Lender requtes• 'fhe hsurance ear�tet providtng the hsurence shall be ohosen by Borrower subject to Lende�s epprovel
<br /> which ahatl not be unreasonabN wkhheld. If Bortower taits to mahtain coverA9e��ed ahc"e. Le^de�may�at�e^de�8
<br /> " oP�n,oDtah coverape to Pro��"�s�Ights b the Properiy h accordance wRh Par+agreph 7.
<br /> _ ---_. . , ,. Atl bsurance DoUoias and renewais ahell be acceptabte to Lender and shall haUde a atandard mortqe0e aiause.Lender
<br /> , � � sha�have tAe rlpht to hotd the �oUcies end renewats. If Lender requlres,Borrowe�sha�prompty gMe to Lender alt reeetpts oi
<br /> � paid premtums and r�enawal not�es. In tho event of bss,Bor►ower shall gbe prompt noUce to the hsurance carde�end Lender.
<br /> :. Lender maY�P�ot of bss H oot made prompty by 8orrower.
<br /> � Unless Lender end Bortowar otherwise agree h wrNhg, hsuranCe proCeeds sheli be applied to �estorBtlOn Or repair ot the
<br /> �,� prpperty damaqed,if tAe restoraticn ar repatr ts economfoally teasbte and Lender'S 89ou�AI►�1¬ tesssned.M tl�e�vstor�tan'or —_
<br /> . � repaY is not economicayr tc�asble or Londers security wouid be tesserted,the tr�su�AnCa proceeds ehall be apRped to the sums —
<br /> secured by this SecuraY Instrum�nL whether or not then due, wfth eny �s paid to•Horcower. It Bortower ebendons the
<br /> PropeRy,or does not answer w�hN 30 days a notke from Lender that the h►suranee car►br has offered 4o asttta a olaim,then
<br /> • � Lender mar Co119Ct the InsutBnCe proCeeds. L6nder msy use the Pro�� d w b6pin w�hen the nOtiCe�Ivan� p8y �� �
<br /> � securEd by this Securihr Instrument,whether or not then due. The 3Gday perlo
<br /> Unlass Lender eed Bortower othe�wise apree h wrntr►p, enY ePPik�Uon of proceeds to prk+clpal shsQ nM extend or
<br /> � pos�one the due date of Ma rttoMAy peyments reten'ed to in para9raPhs t and 2 or ohenge Me smount ot the payments. If _„_
<br /> � ' under peragreDh 21 the Propertl► Cs ac4��by�^�� Borrow�s rqht to eny hsuranee poGcies end procesds resukhg trom —
<br />- damape W the PropoAy prior to Ne acquls�ion shail pass to tender to Ne extent ot the sums by thb Securd�r Inatrument �
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<br /> ---.-�------r= QpnEpE[Ory p�Ar w o�o awro......•• -�-
<br /> � 6. Occupancy� Preservattom, Mnintenance and Proteatton ot the Property; 8orrower'o t�oan r
<br /> .� ApplIcetion; L�asehotda. eorrower snan occuay.eStebitsh.end use the PropertY fls Botrowe�s P�� ���wRhh
<br /> spdy daya after the execuUon ot this Securkfr Insuument and shall conthua to oeeupy tho ProPertY as Bon°w�s pr�olPa1
<br /> restdence tor et teast one year after the date of axupanoy. uniess Lender otherwise eqrees h wrRhg�whh.A consent shaa�ot R�`.
<br /> be unreasonaby wRhhetQ,ot unisss e�enuetinp aircumstd►ces exist whbh are bayond Bortowe�s aontrol. Bortowet shaU not
<br /> � desproy,dart�age or tmpaM Me PropeRY.alla�r the ProReAY to de2eriorate,or commft waste on the Property.Bosrowar shatl be h
<br /> l h f�orteRure otro e Property or ot erwp Lsedmate�lallY th�r the lign creatad by�hls�Secunql InBVument or Lend�Ys secut►Hfi Meres�
<br /> .. ., - Pag�?ol 6 a j'+�^`C � ..
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