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<br /> ' . ' 9$-. s�oo3s
<br /> BORROWER COVENANTS th�t 8orrower i�I�wfully Klred of thc atate hercby conveyed uui hu d�e dQht to
<br /> • �nnt u�d convey the Property w�d th�t the Properly I�unmcurr�bered, oxcept for r.ncumbrencea of record. Borrower
<br /> wur�nts u�d willdefrnd �enenlly the UUe 10 the Pmpeny ��Inu �il cl�lern�nd dettunds, aubJec:t ta Rny rncumbnncra
<br /> of reoord.
<br /> THIS SECURITY lNSTRUMENT rnmbinea unlform covenutn for nule►eul use and n�n•unlform cove�unu with
<br /> iimi¢exi v�rlulo�u by Jurisdiction to w�uUtute a unitorm seturlty lnstru.*tunt covering r.al propecly. -
<br /> UNIFORM COVENAMTS. &�rruwer �nd l.rnder cc►venant and a�roe �follows:
<br /> 1, paym� o(prlaciql, late+eek �od LMe Cbr�e. Borrower thall p�y whrn due the principxl of,wd lntereat
<br /> nn, the debt evidencod by t!k Note �ad I�te chuaa due under the Nnte,
<br /> 2. b[oo�hty Paymmt of 71u�ai�Iow�t�noe� aod O�ber Cbr,a. gorrower ih�ll lnclude in each monthly paymrnt,
<br /> to�elha wlth tbe pri0cip�1 w�d interest ac xt forth In shc Note aad eny lue charges, a aum for(�) t�xea �nd �peclal
<br /> �mmta levled or tc�be levied��inxt the Property� N) le�eehoid paymente or�rouad ren�a on the Property, wd
<br /> (c) praniwm for iruuaaoe roquired under pu�nph 4. la iny year In which the I.er�d�r muac piy a man��e
<br /> insuruxe premiiun to the Secrctacy of Howfn� u�d Urb�n f�evelopmrnt ("Secretary"),or in�ny yeu ia which �
<br /> prapitsm wauld have boen required if L.ender �tUl hNd the Socurity Iasttument, each moathly p�ymeat stWl �iw
<br /> include eit6er: (i) a wm for the �nnud m�R��e i�uuraoce pranium to be pRid by Lender to the Secntacy� or(ii) a
<br /> monthiy chuge i�tteaid of a mort�age insuruece preintum ff thu Securiry Gutnunrnt is hdd by We Secretuy. in a
<br /> reasonable amount to be detacnlned by the Socretaiy. Fxcxpt for the monthly charge by the Secretuy, tl►ese iaems
<br /> •re caJled 'F.�crow Itam" aad the sums paid to I.es�der �re called "Eacrow Funde."
<br /> Lrrader may,u �r►y time.collect uid hold �rnounta for Facmw Itecn� ln�n ag�crgue uno►u�t not to axoeed the
<br /> cn�xlnaua �aqunt td�t mty, be requlred for Borrower't acrow �ocount under tbe Re�l Eatate Settlemnt P�ocoduret
<br /> Aa of 1974,12 U.S.C.�2601�.�nd impleitxacin� te�uluions, 24 CFR Part 3500,as they rtuy be�nutided from
<br /> titae to time ('RESPA"),except thu UK cw!►iaa or raerve permitud by RESPA for unanticip�ted disbureea�eau or
<br /> dLbur�nta bcf�re the Borrowa'i p�ymeaq ar� avail�ble ia the �coount m�y not be baed on unouna due for ttu
<br /> mo��y�e intur�nx pranium.
<br /> If the anounta held by L�eader for Facmw Items exceed tbe amounts pamitted ta be held by RESPA, l;enda� rha11
<br /> account w Hocmwer fur tGe excau funds u roquired by ItESPA. If the anwmts of fundt held by Lawkr �s any time
<br /> ue not sufRcieat to pay tLe Pacrow Itertu when due�I.eada m�y notlfy the Borrower �nd requira Borrower W m�e
<br /> Iip thG ih0it�0 ti pGtriiUOn by I(CJ"YA.
<br /> 'ILe F.krow Fund� are pledgod u�ddlt�onal Kcurity for�ll:ume eecured by t6is Saxu.ity.Inewmeat. .If Borrower
<br /> . .�tead�xs W ixader t6e full paymmt of�LI auh sutrn�Borruwa':�crnunc rhall be credited with the b�l�nce.remainini
<br /> . 'fa�U inwllrneat itam(i)�(b).a�►d(o)�nd�aY mortqge iniur�oce premium imtallmeflt tluit l.endu h�s.n9t beoome
<br /> . ppr��Me({ �p p�y[p lpe joCtlt�[y� ailti i.eOtier riu�ii �ttulu�►tiy iciwNi i:ij:,nG�;.~'w'.�'�.S .:.$OSid�'::." �2:'W'.':»2»a.1v ..:.�« _
<br /> � r;.
<br /> . w a toceclo:ure ale of the Propetty or lu acqubidoa by l.a�der,Borrowa'�aocxwnt �h�ll be Crodited with�any b�lmce °�
<br /> , re�io�ng for all in�taUmenu foe itam (a), N).�ad (c). . ..�
<br /> ' 3, Ap�iia�tio� d Pyrme�ls. All paymwt� und�r pu�r� 1 and 2�h�ll be �pQlied by Lader ius�olloen:
<br /> . p�,gT, w tLe mxt�e inwrna prmaium to be pdd by Leader to the SecretuY or W the moaWly�e by the
<br /> Secretary imtead of the moathly mo�qe inaumoe praniwn;
<br /> ��, in any uuea,�pecid aesaamebu, le�edwld p�ymeau or ground rwts. ud :fire,flood�nd othex haz�rd
<br /> _ � , inwr�oce pcaducu� a roqulied�
<br /> ' �� �gQ. to interat dtu uader tl�e Notc;
<br /> " : � �� w amortiz�tioa of tbe principal of tLe Note; aad
<br /> pj�� w I�te c�a due uoder the Note.
<br /> 4. Pire.F'i'7od�d OIY�t H�*a[d Ie�aooe. Hormwer aiWl lna�ure �11 icaQrovetnqus on the Ptopaty. wLe�wtt�-,
<br /> aow in seid�eax or wb�oqueatly a+ected. ��i�uc rnY h�r�d�. cuudtid, u�d ountingencie�, iacludinR flre.for w�hjc�i.
<br /> • �end�.inqui�p i�uuranoe, This insur�t►ce chill be mRintained in the �mouau aad for tLe periods tlut Leade[
<br /> , . :roquira. Hormwa �hall ala Inwre dl impmvanents oa the Pt+operty� w6etha now in e�cbteaoe or.sub�e9�Y
<br /> �',. etocted, �atntt lat by tloodi W t6e t�cteat roqulred by the Secretary. All iiuuromce �1W1 be curied w11h oo+up�n�
<br /> rpprova!•by I.ender. 'ibe imttraace policia aod aay reaew�le elWl be held by I.eader �nd sL,�ll include ba pay�bk
<br /> cls�uea in fivoc�f.�rxi ia a fonn aocxptable to,L,eader.
<br /> In tLe eveat of las,Bormwa �11 �ive L,eoder immediue notice by mail. L,eader m�y m�lce pmof af loa If not
<br /> m�de pranptly by Borrowa. P.�ch iusur�nce oomp�my conoerned 'u ber�by Authorined �nd dira�oed .to�loe prymeot
<br /> for nx;h lorr dlrectly to I.eader. inttad of to Borrowa �od to La�det joindy. All or �ny put di the in�a�rmce
<br /> pooceed� may be spplied by l,eader. st iu opcioa, titha (a) w the rafuction of the wdd�tednat uader We Note aad
<br /> thl�Socuriry ]ntmuneat, furt to �ny ddinqucat unouau �pplied in the order in pua�r�b'3�and tbea to prepap�nmt,
<br /> of pciocipil, or (b) to the mtoruioa or repair of the damwged Propaty An��ppllcatk�n of We proceexi.i ta�Qie
<br /> pcincipal shall na extad or po�tpone the due due of the monthlY paYnxuts wtuch ue nfecred to in p'ait�graph 2,or
<br /> rhan=e the arnount of r;ch p�yma►ts. My exoas incurmce prooeeds over aa amount requlrai to pay al]�outuandint .�..
<br /> indebtodaea uader the Note aad this Sacurity In�utnent slWl be paid to tl�e a►dty legally entitled tl�ereta.
<br /> lu ti�e eveat of forecioaure of thu Sacudry Insuumeat or otha transfa of tide w che Aope�ty t4�t extinsui�hcs
<br /> t6e indebtednaa, �11 right, title ud intereat of Borrower in u�d to icuur�ncx policies in force aLall pass to the
<br /> �?UI�C�iRtC(' --r.� _� ..._ - n� �. r...� •....r���
<br /> 5. OOCi�. !'1�[11i100. iYi�leO�GG �u n`iwwa.w w u.�. �..q.u.y; ...,......... �...v ..�..�.�-�
<br /> Le�iioid�. Bocrower �hall accupy�eRtabliah� �nd we the Property �s Bocrower's principal er,�ldenee within siacydayr
<br /> �fter the execution of thie Security [nsuumeut (or withia aixty d�y�of a luer�ale oc cr�fa of the Property) �nd�Lal!
<br /> continue to o�py the Pro�ecry as Bomowrr't principil raidence for u le�t one yeu after tbe date of ooawu�cy,
<br /> ualeu La�det d�terctilne� thu requirement wiU c�we w�due haidchip for Aurrower, or unlea exteawitinj
<br /> ci�t�noa exitt which �re bcyoM Borrower'� control. Horrowa ahall aotify l.ender of uty extatwtin� _
<br /> n�s�►-r�u r� op 7�us�' �
<br /> �„�,�, �,�,��y.�� Pi�e 2 of 6
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