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<br /> . . � , . ��'~ 1103.38
<br /> BURROWBR C�VBNANTS �lut Homnwer i�I�wflilly iel�ed of tha e�t�e heroby conveyed �nd tuis the ri{In to
<br /> {rant and coavay the Property n�i Uu�t U�s Propeny i�wia►cumbered� oxoepl for encumbru�ce� ot record. Bnrrower
<br /> wunnu usd wlll doknd Renerally tbe�itk to�he Property qdan tll d�ims a�d demandi, wb)xc to�ny encumbnnca
<br /> of r000rd.
<br /> _ 'fHIS 5ECURiTY INS7RUMENT combine� unitorm covenentt for netfon�i use rnd non•unlform cnvtnant� �vl.h
<br />- Ilmlted vuiuiwu by)urbdktion to canritute a unlform �ecudry inttrument coverin� real propetty,
<br /> UNIPaRM COVBNANTS. 9orcowa and Lender covanant �ad ssree �followc
<br /> 1. P�prmt d Priocjprl �od IaqeM; piepr�rmeot �d I�ee �'hr�e�. Borrower shall promptly p�y whrn due t6e
<br /> principal of md i�uerat on the debt tvidenc�d by tbe Note a�td aay pnap�yment �nd lue chuga due under the Note.
<br /> Z. Fuo�k lbr T�oe�+ad�. Subjat to applicable 1�w or ro s written wuvrr by Lencler, Borrower �hall pay
<br /> to l,rnder on the day monthiy payma�u uti due under the Nae, uatil the Note ls pald in full,��um ("Funds")for:
<br /> U) yeuty taxa and aauunxnu whkh my att�in priority over this Securiry In:trument a��lien on the F'm�erty; (b)
<br /> yeuly lwehold p�ymenu or ground ceds on the Property, if wy;(c)yeuly haz�M or propecty inturmoe premium�;
<br /> md (d) Yearly flaod 'uuurance premivan� if�ny. 'Il�ae iteme are c�Ued "Escrow Itertu". Lender may, at�ny time,
<br /> colloct and hold Fuads in an�mount not to eacood ihe maaimum uhcwnt a lender for a federnlly rel�ted mortga�e lan
<br /> may require for Borrower's eacrow�ccount under tt�e fedenl Ro�l Eatate Setdemrnt Procedurei Act of 1974 as
<br /> unended from time to time, L2 U.S,C.g 2d01 et seq.("RBSPA'), ualas soother law th�t applia to the Fuadi kts
<br /> a lewer unount. !f ao,L,ender mty,at any time, collect aud t►old Funds irt,�+.�tount not to exceed the lnxr amount.
<br /> Lender m�y euimue the amount Af Eunds due ort tbe D�ia ot citi�x�ent d�tx aual reasonable estim�ta of oxpeadituns
<br /> of future Escrow Itam or otherwise in �ccord�ace with ipplicabll�,.�ty►..�` .
<br /> The Puads ��11 be held in an ine�itudon whose.dcpoaita Are iiuucat• '.�j�a kderel agp�cy,instrument�lity, or entity
<br /> . .,(includinj I.ader, if Lender i�wch u� imticudon) oc in aay F�aal Hc�e Lpan,.Bu�k. �,aoder �h�ll appl�the Pw�ds
<br /> to pty the F�crow Iteiru: l.ender mry na chargc,Bocrower for holdlnB �ad}aQ.nlYinB the Funda, �an►ull��aalyzing.
<br /> , ,. the dcrow�account, or veiifying the Esciorv Ite�,unlas LendRt,paya Borniwti iptetwyt an'the Fuads and�pplic�bl�.�.�,
<br /> larv parmifs� l.euder to m�ke auch a char�a However.Leadr�;ina}i•,�equire Sorrowet ta..pay a on�e-time char6e for m:
<br /> 1nd�t real eatate tu reporting aavia usect by L.ender�In �connaticm with Wj� loafo, unleu �pplic�ble l�w
<br /> • provides othmviu. Unlaa �a agc+oemeat is made,qr�licable Lnv roquirea intemt,to be pdd. Laider slWl nut be
<br /> • rWuirod t� p�y Bornower any intec�est c�r e�ings.od.tliee Fbnds. 8ocrower and•I,ender m�y,u�roe ia writins,hoMOVe�,'•�.,
<br /> tE�t iatemt e6a11 be paid oa tbe Funds. Le�pdtc�ehall,�i9e.t�•,�9,n�o�ver. widwut chu�e, ��,ebawl a000nndnf of tti�;, .
<br /> � ., F�, siivwi� c�o�iiu �d debi�a.`to the i�uais�•and,:q�a.pu.r�e'for ahkb e�ch debit w the•F?�Hde �+vM m�de. 7be..,.
<br /> �;. .��Futub ait:pledged a �d�dltio�ul,aecurt.;y.for�l;eum's:sdcali+ed���y flw Security �:�: ":'- '�' �.:,; . :
<br /> . �. If tbe �?undY held by L,ender:exceed `the:amo{ints p3rmitted w be held by�ppllcable larv�I.eacler ehdi accaunt W •�� �
<br /> :tlorrower�qr't6e exoets�Puads in a�cordaaoe with ibf iequi�emeau of q�plkable I�nv. If t6e amouat of tbe Pwnds hdd� �� '
<br /> bY I.eador at�py time ia not tut'Acieat ao pay the F�crow ltam wLea due�I.cader mry�o notify BotioMet in�titL�.
<br /> �od.in wch c�e Borrowv �ll pay a I,md�er the�mount neoaury ta m�lce np tbe deflekacy. Borro�ver �11 m�e
<br /> up the defician� in no mon thm twel�►e nsonthlY P�Y��. +� L�ader'a wk diecraion.
<br /> UP� WY�aat in hill of�tl aab�ecurod by.this Securiry Imtiumeat, L,mder ihall.proo�ptly reWnd to Baen�+er
<br /> avy Fuodi heJd by L.a�der. If.uuder pmgr�ph 23,i,eader �h�U acquire or�cll the Propecty� Leoder. Prior b t6e
<br /> �oquWtion or We of @�e P,roperty. �11 ipply aay Funda hrid by I.eader �t the time ot Aoquteltlon a w1e�s ceedit
<br /> y�int the tum� iewned by thL Sewrlty lusuumeat.
<br /> 3. Appliwti� d P�rserts. Uaks��plkabk l�w provida otheewi�e, dl prymentt reoeiv�ed by L�odear �adar
<br /> pr�aph� 1�od 2 tdal!be�ppliod: fir�st�to ioy p�e�ymeat chu�at dwe uader tbe Note; �ecood. W m�ovap p�yabb
<br /> �mder p�sp6 2;third.to interest duo�fo�uth� w princip�l due: �od Wt.to iey late ctyr�a due uoder t6e Noro.
<br /> 4. Ci�; I3er. Bono�er ahdl p�y aU taxea� �asatmau�� ch�r�c'+. flaes�od impotitioos �ttrlbutabk W dle
<br /> �Y w�► mY � P��Y over ihis Seauriry inmumeot, md la�sebold payu� a � t�aob� U�q.
<br /> Bomower �Wl pay the�e obliptiona in tbe rnmoa provided in.pat�ph 2�or itnot paid ia that m�mer. Ba'ro+rer. • ..
<br /> du�u p.y them oa dn�e airealy w tbe paw� orMea p.y,neac. Boaower �h.0 pmm�tly ttiuniah to t.aoaer ,u nodpes
<br /> of amounts to,be paid under Wis pr�griph. If Borrower maka the�e ptymeau directly,Baiower �6W p�o�tly
<br /> ' fiunith to I..eader roaiptt evicla�cind�PiY�•
<br /> Bor��o�rer th�ll Pc'omptlY di�C�e+�'�i�which h� prioriry over tbii Security Iaqmm�et�t udeu Horro�ver: (�) �.• '
<br /> yreea in writinj w the payment of the o6li;ation �ecurod by tbe tka ia a m�oner �ooeptable to.Lmder: (b)ooaleMr.
<br /> in�ood bith tLe liea by or defeads a6att�ut enfocoaneat of tLe liea in�kg�l pr0000din� Mrbicfi ia We I.estder'�
<br /> �� ,
<br /> aperate to ptevmt the eafo�..of th liea: a(c} �eaire� from the holda of tbe lie�#n a�nea� athfac�oty
<br /> to I.cader suboMin�tin,� tibe lier to diis Sxuriry Iauzumeat. if Leader detamiaa thrt a�►y pan o[tlie Propertr �a •
<br /> wbjea to�lim w6ich miy tut�in psiority over this 5ewrity In:trumeat, Lender m�y tire Bomower a notice ideotilyi� .
<br /> the lian• Borrower sball s�tis(y the lien a take one or more of the uctlons �et forth above lvlWin 10 dayt of the �iviog '
<br /> ot ootioe.
<br /> S. Hm�d a Propaty LMraoe. Bortower sh�ll keep the improvemarts now exlstiug or hereafter aocted on tde
<br /> Propaty insurcd against loss by fire,haz�rds inctaded within the teem "extencled coverage" and any other haT�nds,
<br /> including flood�or floaling,for which Lender requira insurance. This inaurance rhall be maintained ia the mto�ma
<br /> aod tor Me paiods that Leader nquiRS. The in►�raooe carrler providin= t6e inaur�oce rh�ll be choua by Boeower
<br /> �nbjea w Lendsr'i appmval wGich�hall na be unratowbly withheld. If Borrower fiils to m�intain ooverqe
<br /> dacribed �bove. La�dcr maY, u L,eader'� option, obtain cavd�a�e to protax Leoder•i ri�hts ia the �Propecty in
<br /> a000idu�a with p�ragr�t 7.
<br /> �ii iawrmoe poiicia �nd reaew�is sL�lt be aooept�ble to t,eader and sbs11 inciude a uaud�rd mortj,a�e ci�u�.
<br /> I.Rncfer �h�li 6ave the rig4t w hol� � policia and �enew�la. If L.ender requires, Bormwer ehall pt+oroptly �ire a
<br /> I.a�da all reoeipts of paid premiume �nd ra�ewal notira. In the eveat of Io�a�Borrower ehall�ive promQt notla w
<br /> the insuranoa curier and Lsoder. Lrnde�may m�ke proof of lou if not made PromptlY bY Horrnwa.
<br /> Unitss l.�nder �nd Borrower otherrrise�gra in writing,uuur�ooe proceed� sh�►I bc�pplied to ratot�tioa or rep�ir
<br /> a!the Property damaged, if tho restontion or c�epiir ia 000nomically feasible �ud Leudtr'� aocurity b not lauaed.
<br /> N�A-Sintle Funflv-UNE�11 MSI�UII�C
<br /> om..,� s�....��.�ao►w�ixt E'aQe 2 oF 6
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<br /> N6VA.DOT
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