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<br /> , j � TOCiETHHR WtTH ail the Improvements now o�hereeRer ereoted on the property,and all easomente, appurter►ances,�u►d
<br /> ` ° f6ctures now or hareafte�a part of tho property.AII reptucaments nnd addtttons shalt ntso ba oovared by this Seouriry 1neWmeat.
<br /> .�' ' All of the loregohg is relerred to In this Seourky Inetrurrtent as the"PfOpelly."
<br /> ; I BORROWER CONENANYS that Bortowcr is lawfuly eeinad of the estate hereby eonveyed and hae ths �Ight to qront and �
<br /> aonvey the Proporty and that the Property Is unoncun�bered. except for�naumbrences of �eoord. 8ortowar wflrtflnta and wlll�
<br /> . , dBt6nd generely the tRla to the Property flgainst all otaMns and demands,eubJeot to flny enoumbrances of reoord. ,
<br /> TH13 SECURITY INS'iRUMENT combines uniform eovenenta lor natlonal use and nonanHortn aovenents wRh �mR�
<br /> , � varFatbns by jurlsdbtbn to oonatitute a unlfarm seourity Innwment coverinp►oal property. �
<br /> UNIFOFlM COVENANTB. BoROwer and I.ende�covenmt and asree as toibws:
<br /> . 1. Peyment of Princtpel end Intere�t; �repeyment and I..ete Chargea eorrower shaa orompty�,ay wh
<br /> � "='" due the prhalpai ot and btereat on the debt evidertced by the Note end any prepeyment end late aAar�es due under the Nofe.
<br /> „ �� Z. Fund�tor Teoces end Inaurance.SubJeot to t�pplicab�e law ar to a wrttten waMsr by Lender.Borrower ehtlp pa
<br /> � to lender on the day monthly paymants are duo under !he iVote, until the Note is patd N fuU,a sum ("Funda')for. (ej y
<br /> ,�� tuces and assessments whbh may attein prlor(ly over thb Secudty Insaument as a Ilen on the Properly; (b)yeArly tessahotd
<br /> �� paymer►ts or ground renta on the Property, H sny; (o) yaVy hex�d or properly inaurenee premlums; (d)yearry ttpod insuranoe
<br /> �•'•�"'"' premlums,R any; (e)yeary martgage tnsurence prcsmiums,r Q�y;and(fy any sums payabie by 8ortower W Lendsr in accordance
<br /> •7 � 1 � wkh the provbbns of paragraph 8, In lieu of the payment of mortgage hsuranae premlums. The8e items are callad "Esorow
<br /> :, �' Items' Lender may. at any time,aoltect and hoid Funds In en amount not to exceed tRe meufmum amaunt a lender tor a :
<br /> �'� tederauy retated mortgage toan may requlre tor BaROwe�s escrow account under the tederat RePI Estate 3ettlement Procedures
<br /> -Y� Aot of 1974 as amended from time to t4ne, 12 U.S.C.@ 2601 et sep. ('RE&PA'), unless another law that applles to the Funda
<br />_ sets e tesser amount. If so,Lender may, a!any time, coeect end hoid Funds in an amount not to oxceed the lesser amoun�
<br /> • •� Lender may estimate the amount of Funds due on the basis of ourrent deta and reasonabta estYnatas o►expendidiras oi NNre
<br /> , Esorow ttems or otAerwtse in aecordancA wfth epplka6la tm.
<br /> _� , � Tha Funde shaN be hefd in en instkutton whose danos9s are Insured by a tederqi agenoy�hstrtimentalky.or qntRy(helud(n8
<br /> Lender, it Lendar Es suoh an InstRuUon)or b any Federai Hame Loan 8ank. Lender shail appy the Funds to p8y tha Eso►pvu.
<br /> . ,. � .� items.lender may not oharge 8otro►ver for holding and eppying th�Funas,annualy anarysing the escrow account,or verify�j,
<br /> , Me Eserow Items. uniess Lender pays Borrower interest on the Funds and applfpnble law permtts Lender to meke saoh,e
<br /> " charye. However, Lender msy requke 8omower to pay a onetYne oharge Por an hdependent reat estate tax reporthg sen�e
<br /> used by Lender tn aonneotion with this toan, untess appOcabte taw provfdes otherurlse. Untess an apreement is made or
<br />_ t . qpplkabie law requires htereat to be paid, Lender shetl not be required to pay Bortower any hterest or eamhps on Me Fund9.
<br /> � 8o:rower end Lender may agree in wr�hg, however,that hterest shatt be pald on the Funtfs. Lender sAall yhre to Borrower.
<br /> , `� wRhaut cM�7e,an annual accountHS of the Funds,showhg eredks end de6lts to the Funds and 4he purpose Por wh@h escA
<br /> - � `' debft to tAa Funds was made. The Funds sre pfedged as additbnal seeurdy fot all sums secured py tha Seeurity InstrumenA
<br /> R the Funds heid by Lender exceed the flmounts pemdtted to be hetd by appUCable taw,Lender shall eccount to Borrower
<br /> � � � .� for the excess Funds in 6�aoordance wkh the requiremanfa of applicabte Iaw.If the ar,�ount of the Funds held by L�nder at any
<br /> , t6ne b not suflictent to psy the Escrow Items when ditd,lender may so notNy Borrower In writk�p,and,h suoh qass Borrower
<br /> �,�'�P,,.,��t,i shaU pay to L�nder the.amqunt nocessary to meke up the deflcienay. 8orrower shall make up the detbienay h no more than
<br />_. . ;,. 1 twelve month ly paymenta,at Lenders sote dlsorotton.
<br /> , ��.� u9�^S�S'"!?^t h h�P of etl*��m� *���� !+y!h!s ��rlly Insln�menA!-�nster sheU gra+�!!y ssfussd Sa�sarles esty�SSSS�
<br /> � - _ „ . hekf by Lendsr. tt,untlgt paragraph 21,Lender shatl acquire or setl the Property.tAnder,p�lor to the acqutsltbt► or Baie o}the
<br /> _1.,_, y.,�^• P��.In��� any Runds heid by tender at tAe tGre of acqutsklon or oala e9 a credR aqat►st the sums secured by thfs
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<br />_='��-± `• ' 3. Appiicatton ot Payments. uniess app�rcan� taw pro��aes othenvise, a9 payments recehred br Lsnde► under
<br /> v'-�'-°:~�'�:'x Par�ayrapha 1�and 2 sAell bo eppued: t6�st,.to any prepayment eherges due under�the.Note:seoond.to emounta payabie under
<br /> -^��:�_��;�;�� � para(gAph 2;tnttl.to Interest due;foucth,to pnc�ipai due;end Iflst. to any 18te oh&ry�s due urtder the Note.
<br /> _�—����:- �, . 4. Qh�T�eB; Uens. Borrowen shaA�pay an texes. essessm�ras,.chergos,.flnes and Ynpaeftions attrriutabM to the
<br /> t4�s��� • ,Qroperly whtoh'may attah prtodty over thfs Securdy inshument,and leasehoki peymen4s or ground rents,Y any. 6anow�r shaN
<br /> ,�„ � pay Uiese obt�ations tn the,manner provided in paragraph 2, or ff not paid h t8at manner, 8otrower sheN pay 4Aem on Nms
<br /> '"">'`T�='L-' dloecUy to the parson owed paymen� 8orrower shaq promptty Wmtsh to Lender•ali notices ot emounts to be p41d under thls
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<br /> °--••.-+�4 {Saaragraph, if 9orrower makes these payments direatty, Borrowar eAaU prompty fumish to Lender recelpta evidancinp the
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<br /> - - ^'..n�� BorTOwes shail promptty discharge any Ilen whbh hes priorRy over thls Security Instrument unNss Bomower. (a)apress h
<br /> _--•y°�� wrifiry to'+{he payment ot the obtipatfon secured by the Ii�n h a menner acceptable to Lender. (b)conte.sts In �ood hkh the
<br /> --- — tien by, or it�tends agahsf`entor�cement o!the Uen h, ieyal proceedhgs whbh in tfie tsnders opinbn oparata to p�wnt th�
<br /> -"���'+�'°•�� enforcement of the�en;�o�.(c)secures irom the holder of tho Ilen en apreament sattstactory to Cender subordinati►p th�Ipn to
<br /> - - --_-- this Security_•1n81rument If,lender detetmines that any partot the Properiy is subject to a tien whbh mar atlain priorlq Owr thfs
<br /> � �� SBCUrQy Inetrt�nfenG Lender may glve Bonawor a notice identHying the Oen.Borrower shatl setisty thg Uen or take one cr more o!
<br /> � =� tho action9 set.forth above wkhin t0 daYB oi the glving of notice.
<br /> "'"'�i``` b. H�rd or Pra � Insurance.eorrowerehau
<br /> :��:Y. ;:,•. , p 1'1y keep the ImprovemeMS now eaistMg or herenfter ereoted on tAe
<br /> -_'�`��� Property hsured egehst bss by ffre. harards inoMded wlhin the tenn'extertded couorege'end eny othst he:atds. hCiudhp
<br /> -=.��,c;� Hoods or Ibodhg.tor which Lsnder requfrss Insurence. Thfs insurance shaQ be maiqtatned h the amounta�nd for the pMods
<br /> .--,.,,._ -_:;,�� that Lendef requkes. Tt�e�Insurance cartier providing the tnsurance shaA be chosen by Borrower subjeot to Landefs epproval
<br /> ---�`� which shaU not be unneasonaby wkhheid. If Bortower la[!s to mahtaln coverage described above, Lender may,at Lenders
<br />_—„�� optton,aOlAtn ooverege to proteet Lende�s rights h the Properiy h accordanee wRh paragraph 7.
<br />____ _ _ -- AA in9urence poticies and renewals shaq be acceptaDb to Lender end shall (nclude a stendard mortgage ctause.I.ender
<br />_--°-��_= shali have the dght to hoid the poibtes and renewals. It Leryder requtres,Bortower shall prompty phre to Lender aA recepts of
<br />- r>��'�=, � paid prembms and renewat nottces. In the event ot Ioss,Borrower shatl ghre prompt noUce to the hsurence cartier end Lvnder.
<br /> ==:��;��;(�;,_.:• Londer may make proof of loss M not made promptry by Barower.
<br /> _ . _ Unte9s Lender end 8ortower othervr(se agre9 In wtitMp, insutanCe proceeds shfltl be flpplied to restor4tion or tepBP Of tAe
<br /> _: . , , .. -• e . Property damagod,ff the restoratlon or repak ts economtce0y teasQSte anE Lsnders secun'ty is�ot Iessened. it the rastoratlon or
<br /> s�` �Y �Y P epPlied to the sums
<br /> ,�..��J�: ^` . �: • repalr Is rtot �aonomfce' feasibte or Lend�s secu woub be Iessened,the hsurertce roceeds shalt be
<br />- •= � secured by thts Seeurity Instrument, whether or not then due,with any excess paid to 8ortower. If Bor►ower 86andona tAe
<br /> "-`•::�`'•: 9rope�ty. ar does oot answer withh 30 days a notiaa trom Lendar tAat the hsurance certte�has offered to settla e cfatm,then
<br /> lender mey coilect the hsurance proceeds. Lendar rt�y use the proceeds to �epalr or restore the Property or to pay sum8
<br /> -�'�`I � secured by:tbta Security 1nsWment,whether or not then due. The 30day period wlU beph when the noti�e is phien.
<br /> ..: . ,� . Untees Lander and Bortower otherwise agree h wnthg. enY �epGOatbn of proeeeds to D�►ek�► ehaR not eoQand ae.
<br />-`- • po�tpohe thb due date of the monthy paymenta refemed to in par�grpphs t and 2 or ahanye the amouM ot the payrt�enta ft.
<br /> unde�paraQraph 2t ttu�Property Is acquired by lender. Bormwer's right to any insurenoe poibte3 and proceoda wsulUng tram �
<br />- �.;.� 4� damage W tho Prog-,ny prior to the acqutsftton ShaU pass to Lender to the entent ot the sums by this Securdy InstrumeM
<br /> � �...+�s' inm�EeM nfinr m�h�.arinJculnn
<br /> _ • � 8. Cccupancy, Preservation, Maintenence �nd Protectlon of the Property; Borro�rer'a Lese�
<br /> � App11C�1IOf1;Lcasehoida eorrower shan occuPy, estabtish,and use Me Property es BoRO�vera princlpat restdertce wfMin
<br /> .<<. . • sbRy days after the e�cutlon ot this Securay InsWment end shatl condnue to occupY the Property as Bortowers prhC(pat
<br /> rnstdence fo� at teast one year after Me date o}oceupanqr,unless lender othenvise egrees N wrkhg,wiiieh Consent ehaY rtot
<br /> • � • Ee unreasonaby wfthheld,or uniess extenuathg circumstances exlst wh�h are bgyond Borrower's control. Bomorrer SAaN not
<br /> destroy, demage or impaa the Property.a1Ww the PropeAy to detertorete,or commlt waste on the Properyr.Borrower Shail De In
<br /> defauQ ff any todeiNre aetion or proceodhg, whether elvtl or crlmhal,Is beuun that In Lenders goed faith judpmont coutd resuh
<br /> In farfeUure ot the Properiy or otherwise materiait�Mpair the lien created by this&ecurity instrument or Lendes's secur@y hterest
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