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<br /> COVSNANTS, Borrower �nd l.ender covownt nnd �ra �u+ followa; 98— 1�,da�9
<br /> 1. hr�e�t dPci�l aod Llemt; PRp�nt iud Lak (:h�a. Borcower slu�ll P�P�Y WY when due the
<br /> prixlpwl og�nd iuiarat oa the debt evideaced by tbe Note wd�nY PnPaY� �ud lue chu�cs due w�der tlx Note.
<br /> 2. Predi�or'11uw sod I�arncx. 5ub�oct to applicable law or to a written w�iver by LendGr, Borrower sh�ll
<br /> paY to Lend�r on �he d�y awnthlY p�►yroenq �re due uader the Ncxe, un[il the Note is pwid in full,a sum ("Funds")
<br /> for(�) yarly tua�nd�aaanenta wlikh nuy�ttain priority over tltis Security Instrument a��fien on tbe P►operty:
<br /> (b) Yauly lwehold pya�ents or Qrouad ceats on the PropertY� if�ny; (c) Yesrly hazard or PropertY insuraace
<br /> premiunu� (d)Ye�rly tlaod i�utanx prariiums, if any� (e) Yarly mort�age insur.��e premiuma� if wy�u�d(� u►Y�
<br /> auw p�y�ble by Bomower u� L,ender, la akcord�nce wiW ti�e provitions of p�u�grAph 8,in lieu of the payment of
<br /> mott�rt�e inau�aa premlume, ?beie items ue caUed 'Bscrow Items.' Lender may.at qny time,collect and hold Punds
<br /> in m aewuiu nat w eaceed the mrximum omaunt A lencfer far A federxlly rel�ted uwrtgage loan�ra�y require for
<br /> Aortoww's actow�a�unt uader tbe feder�l Ral Bstste Settlement Proa�dures Act of 1974 as unec�ded f�m wae
<br /> to dme, 12 U.S.C,!2601 ��. ('RPSPA'), wnle�.s u�otber kw ttu�t applies to the PuMs scts a les�er�mauat. If
<br /> �o,Lender nuy. at uty time� collat and hold Funda in�n �uount not to eaceed the lcsser Amount. I.a�nda m�y
<br /> �mate �he �n�o�uat of Puncls ctue on ihc b�sis�f cument dua and ra�son�ble estimates of expenditures of future
<br /> F.S�cro�► IOem�or od�erwiu in�cxarda�oa with applicable law.
<br /> 'ILe Pund�r6�11 be held In aa i�tidrion wLo�e depaaiu ue ia�ured by i 6eder�l �geacy.inwn�meotality, a e�Iry
<br /> (iuclpdin�t.ender,if L.ender ia such sn institutioa) or in aay pederai Hame Lwn Baat. I.�nder shall�pply the Funds
<br /> W p�y tbe Aurow Itan�. LeMer msy aos chu�e Bocrower for Loldin� snd aPP1Yia8 tbe Punds, annuslly anlyzing
<br /> tbe escrow acc�nt�or verifying the Sscrowr Items� wiless Lender paya Bonower intenst on the Punds and applicable
<br /> law pea�nia Lenda to m�lce such t chuQe. However, Lend�r ma�y roquiee Borrower to pa�y a oae-tinoe clµr�e for u►
<br /> tndependent ral atate tu repordn� Krvia ueqd by Lender in oonoection with thie 1an, uolas opplic�ble L�v
<br /> pmvidea othawi�e,Unka� in a�raemeot is nu�d� or�pplicable law rcquires interest to be paid� L.ender �11 uot be
<br /> �N�� P�Y Hortowa any interat a escmn� on the Fuods. Borrower �nd Ieader may aac+ee in writing.how�cver,
<br /> IbM in�ae�t �11 be pid oa tbe Pundi, Leadet �11�ive w Borrowrr� without clu�r�e.an annW �couati�y{ of�he
<br /> Pands. �howint credits ud debits to t6e Punds ud the purpoee for wbich each debit to the E'utd� wru m�ck. The
<br /> Pnods ue p{ed�ed u addition�l securiry fa ill aim�aecuted by thia Sxurity Ineaumeat.
<br /> If th Fund� hld by I..eader a�oeed the�mouata perniivad w be hdd by applic�ble lavr.Iioder ah�ll sc�u� to
<br /> g�l2C.��f��! �.r��is�e,e in a�rrn�rh�^w dlS�!f�2�T��� �Jf+,.l��,.lr.���e Ld.If�t�L�.�•S L+f�'F�� • 1+,i�3
<br /> by Lemer at�ay ti�me u mt�cieot oo p�y the F.icrow Itemt whea dne.Iraider miy so notifjr�mvua In Nritiq�.
<br /> aod,ia�c�e Bam��er �ll pay to 4eader t6e amooa ne�oes�uy to m�te up the deE�eocy. Bormwer dWl m�te
<br /> up�he de8cieac� u m mo�e than twelve mootWl P�ymeafs. �t Irader's �ok di�ot�ctlo�.
<br /> . Upan pRpn�eat tn full of�11 � aaured:by thia Sa;uaty In�tnmAent. I.ender �11 ptomptly�rctund to Barrowt�r
<br /> . �Pood� bdd b�Leoder. If,widcr pus�gcwph 21.I.ender �all aoquiie or seU tbe P�opertY, �.ender. p�ia to the
<br /> aoqoidtion a�te ot me rropc��y,.:::.":�r•; -.^;n��"'�•held by Lealot:.�t the t�me af�oquieitlon �r ok a��cmdit
<br /> �icst the �s �aused b�tbis Sav=iq 3�n�mesit. • �
<br /> 3. Appiit�tio� o�Pa�ers. Unkn �ppliuble bw prnvidea otbavvin, all payman� reotf��ed by I.enda uMer
<br /> p�apht 1 wd 2 s�ll be ap�lied in dse follmving oclkr: 6rat, W iwy p��.payment chu�es doe inda t6e Noea;
<br /> �etood, p � p�a�ble ua�ier parurwph 2;third, to.ItxaGSt due;'fburth, w PriuciPal due� �nd Wt, �o ay IMe
<br /> c2w�es dne a�der Ihe Note. . '
<br /> 4. Ci�rpK 11es. Borrowe�d�all perform �ll af BocroMa'� obl�atiou� imde� aay mat�a�e, deed of nrst or
<br /> otbx sea�ciq�am►eat wid►a lien vobich�Liu priority�Ovec this Secutiry Inetn�nt, ialodia�B�owes't oore�nls
<br /> on m�e pqmeat� w6ea dne. /w� de4�lr.by'BoeroVreer uuda au�r auch matt�e� deed of unu a aher ieacjt�
<br /> ajrxmmt ahdl be�deFwlt under t6is Security (�eot and tbe Nae. Bocrovrer �hall par a raare b be paid�11
<br /> tasa.asa�rmta nd o�6a cbu�a�tina��md lmposiYio� utn�qbk :to the Pm�aty�fi�ch miy�qaiu a prio�itr a�r
<br /> mu seauicy in�vomdt, am k,�oki paymem or granad:reoa,if�ny. Bocrow�r shw p.y t�a�e oei�tioa�ln t6e
<br /> maoer. ptwided i�Psn�raph 2�a�if mt p�id in th�t cu�nper, BorroMa etWl p�y�hem on time diiatly ro tbe perron ,
<br /> nw�ed parmeat Bocrnwa s�t! prompUr � W I�cn�ler �11 notica uf� to be p�d nda th�t prapraph.
<br /> If Bo�oper m�ioa tt�ae paymer� dirocdy, Borruwet.�sb�U 1x+m�pt1Y furnish to Leader �soeipts evideados the
<br /> P�l�meaq• ,
<br /> 3. Fi�rd or h�a�at� I�wRS�oe_ Bortowa stWl kcep the impravemaip� now eaiaain�a baaRa qrecoed aa
<br /> t6e Propaty ioaared apio�t loss b�fu�e�har�rds incladet��witLin tbe tam "atee�dod amrer�e"�ad any otbe�r Awr�.
<br /> inebdiq Aood� a 800din,�,for ahich Leader r�oquira incurwce. Tbie inwnwc�`s4aU be mainaiuod in the ruoo�ts
<br /> �ad[or�e pe�io�dr that L.eader requii+a. 1be i�urance c:rrier pcovidiqQ the im�r�noe e�ll'be.ct�b�ta br Barnwor
<br /> sobjecY W L.eadrr'��rovW which dutll nnt be unreason�bly witN�eld.If Bocmwa faiU to tn�i�rri,n.cavo�e dacribed
<br /> abova, Lsad�a may��t L�kr'a o�tion,obnin covaaQe to protect I.ender's�ia d�e Progacty in�ord�rnoe vriW
<br /> W�e� T• .
<br /> ` All f��occ pollaea aud c�eaerval�st�ll be�bk to L.ender aal al►�ll include �wndud mon�t.Cla�re.
<br /> , L.eader �116ave t6e ci�ht w bold tbe policies�ud trpew�ls. If Lwckr roquirea. Boirowa eh�ll P�amPUl'�tve b
<br /> I�euder �11 raeipts of pid premiume ad rexwtl naices. In the eveut of loss,Borrower elult pve proaipt nohce ro .
<br /> tbe inau�ocx carila aod LendGr. Lender m�y maloe pedof of loss'�if,aot m�s proro�tly bY Bociow�er• �
<br /> Unka I.eacicr�od Borrower dheraise �gra in wriang,any insurmce procYeds �all be applial first to re;mbucse
<br /> L.ender for coets and expenses incurred io comacdon with obtxining any such insunu�ce procaYls, uid thea,at Lenda's
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<br /> tryRwu. �u auw v�uu wa p�yra,►uv�a a�cs wr�ucwu�nuc �u ns a�ic �w aasv�uta wx:[cuou� aw n�a[u�cs ui aup
<br /> imp�izmait oF oecurity or I�ek theroof(i) to tl�e sums secured by this Security Instivment, whetber or not t6ea due.
<br /> •ad to ach oomnooent� thereof s�Lender may determine in its sole�nd ab�oYute d'ucretion; �nd/or(ii)to Bocro�rer
<br /> 0o p�y tLe coW aad expeaeea nf nxesauy repure or reswntion of the Property W a co�dition s�tlsfi�ctory to I.�n�ler.
<br /> If Borrowec �adoo� the Pmperty,or doac uot wswcr within 30 days a notice from Lenler ttut d�e ia�uuia carrier
<br /> b�a� offered to setde a cLim. Lender may oollxt the i�,*�M' peoa�scls. Lenfer u�y. in iq aale u�d �bwlwe
<br /> di�retion, aad repMlese of any impaim�ent of socurity or l�ck tbeceuf� use the proceeda to repair or realorG the
<br /> Pmperty or w p�r the �uma securat br tbia Security Iastrmment, whetbs.r or mt thai due. 7Le 30�y period wiU
<br /> bepa when the notice ia Qiven. ..
<br /> lr�c� t+� u��neoa�t�s pettv,ao»t�
<br /> oew.r s�w.�.r.�oo,w��aa Page 2 ot 7
<br /> Bortower initLl� G�_ `,_ _ �, �
<br /> NMOC,r.a
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