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<br /> . 80RROWER COVENANT5 th�t Borrowa i�I�wNlly telied of the ata�c herrby convcy'�md 6u�'th�e r �8
<br /> irnnt �nd oonveY� propenY �nd thM the Propeny i�unencumbered� except for cncumbnna� of reco�d. 8orrowcr
<br /> w�c�nu +u�d will dehnd �enerally the iltle to tha properiY ydiut�II clunr u�d denumd�,wbJect to�ny enrumbru�oe�
<br /> of ronord,
<br /> , TNtS SECURI'I'Y lNSfRUMENT c;ombir� uniform c;oven�nt� for n�don�l u�c u�d non.uniform coyenanq w��h
<br /> IlrNtad vui�tbru by Ju�i�dictloa to oonsdtute a uaifonn �ecurity inetrument caverin� rc�l property.
<br /> UNIPpRM COVENANTS. Bomnwer and Lender �o�aw�t u�d s�rce �e fallowa:
<br /> 1• �°� °f�. �t aod 1.Me (]urc�e. Borrower ��11 pay when due the principal of,u�d iaterest
<br /> oo� We debt evideaced by t6e Note �od lue char�ee due under the Nota
<br /> — 2. Moot6ly p�ymm�of Taus�yqu�� �a�, �. g��wer shall lnaludd in each monthl
<br /> tn�ether with the pdncl}ul �nd interpt se sot forth ln the Note and eny I�te chargea. ��um for(A) tucea and apxla!
<br /> �uaunaue lcvletl or to bc Icvied against the Property, (b) leasehold paymcnq or ground renta on the Pruperty, �nd
<br /> (c) Pmniumi for i�uuruice required under p�ragraph 4. tn any year in which the I.ender must p�y a mong�ge
<br /> iauraxe praaium to We Sxreury of HousIng uid Urben Acvelopment ("Secretary"),or in any y�ar ta which such
<br /> praNwn would have bern requirod if i,epder still held the Security Iaucument, each mont6ly �Yc�t aholl �Iso
<br /> iaclude eitWer: (i) �sum for thc�u�wl rnart8�e iasuru�oe premium to be p�id by I.ender to the Secretary, Qr SEE; a
<br /> - m°n�hl� cbuge L�atead oi a awrtg�e inwrAnce pranium lf this SecurIty Instwnent la held by the Secroury. in a
<br /> raa�ble �mount to be d�tamined by tde Secret�ry. Excxpt for We monthly ch�rge by the Serret+�r,y. t6ese iteiro
<br /> ue called "E�crow Iteu�a" �nd tlk swr� p�i@ to T.ende� uc callal "Facmw Fuuda."
<br /> Lender uuy.at �ny tiwe�ooUect nd hold unounts fo� �:scrow Itenae ia ui a�gcegate unount npt�W excia3�•ihe
<br /> °�a�m.unount that may be requ�i rcd for Homowrr's escxow nccount iinder the Real Estate $ettle�nent p'mcMuaes
<br /> Aa af�974,12 U.S.C.�2601�„�q.�nd implementiug nguiatiom, ?�}C�f�R •put 35pp,u
<br /> time [o dme ("RESPA").exapt that the cushi�n or ri��ve �Y�Y be'�weaded from
<br /> disburaaneati before the Borrower�s P�rn�itted by R`�.'��A for ua�pt►cip�ted��d�sbursemente •or
<br /> P�Y��s �'E av�ilable ia tha a�cciiunt.mey noe be'based ou �,'wsita�due for tbe .
<br /> �B� iruuru�oe pramlum. . ,
<br /> IitT►e,utp�c►unu beld by Leader foi Etcmw [tam exczod the:amounu pernuttod to be beld by RESPA, I,e�xler s�all�.
<br /> �o�utt.t'v Bornower for the exces�fuadt �u reyu{rod by RFSPA. If We anwunq of funda held by L,e�d'er..at anv'time
<br /> �'�!.;i:.�ciast ta pa�t:.� �:si�w Yians wben due, Lender ma noti the Borrower ud - - • '„
<br /> Y fY req��ire 9qziowtr w m�lct
<br /> uP���or�age +u PenLiued by RESPh. ,
<br /> 'Ibe F..sccow.Fundt �re pled�ed a�dditiaaoal �ecurity for all sww �xund by t6i�Securlty Inrtiumeat. If BorroMer
<br /> ta�dete w La�der the tWl p�yuxot of Yl such am�,Borrower': axount sh�ll be czodited wlth th�bal�ooe �±�
<br />- .a..�la�t ftcros(;,)�C�). �,ud (C)�ad�ny morti�ie iasur�ace premiwa in�llmeat that L�ader hn not beoome
<br /> °b��� �O MY�� Secreqry.nd La�der dull Pr'o�Y ��d�Y e�oest Ainds to Bono�ver. Im�nedLtdY P�
<br /> w a l�ancJoare �+ile of the Aroperty or kt aoqui�idon by Leader� Borrowa'i�oaouot �halt be c�editad w�itb�y bd+iooe
<br /> � re�inioj for dl lmWlmeo4 for Itesn(a)�(b)�and (c).
<br /> 3. Apptio�tjo� al Aqioats, AU PaYmenb uoda
<br /> F�T. Io tbe mat64e lwur�noe premium to De ��� I �od 2�hall be�plied by l.endec st tollow�:
<br /> Seccetary in�tad of We moaWl mo�t �by Lender w the Secraary ar w ttie mnat6ly chv�e bY d�e
<br /> �• w+�y�ca.�ci�.sramneau, IeaKlwld���
<br /> WY�� or jt�ound nau� �od Me.flood�od otber h�rard
<br /> huur�oce premhua�� a�requimd:
<br /> 1�BQ� to lnterat due under the Note;
<br /> PQ�TI�� to ame�tizulon of the p�incip�sl of the Note� +nd
<br /> FLF�. W Uite �a due under �e Note.
<br /> 4.. Pine,Mom ..a ol�er ii�.a r�.oee. 8orrower duat +nrure a11 imp�nvemmu on the rcc�patcy. �vhetha
<br /> now ia exLtenoe or sub�oqueatlY eroctad, ajt[nu anY h+�,�ds� casu�itia, aud 000tin�eacla. 9acludioj Me�fa whicb
<br /> I•�ader requirea intur�noe. This U�suaooe dull be m�intatnal in t6e amouab �ud for the period� I�t I.eader
<br /> roqul[a. Borrowa t6aU alio insut+e �I i=aprovemwts on tbe Propeity� whetba now la a�i�teaoe or a6+e'9�eatlr
<br /> e�ed. �aimt las by flood�to the exerat �equired by the Seaetary. All insunmce ahall be curiod with oonip�uie�
<br /> �PP�� bY Leader. The in�urAna polfcld and any mkwtli :6a11 be ddd by Leader aod dWl inciude lat W�ble
<br /> cl�ues 1a hvor of.aod in a form xec�t�ble to�I.ender.
<br /> !n tbe eveat of loa�Borrower �ll�Ive Leader immediate twtia by aWl. I.eader may m� pcoo[of lan if not
<br /> �P�!►PaY bY Horrower. B�ch u�su000e oompany oonoerned ie heteby uuhorined mc!direrted to�ilce paymdu
<br /> for wcb los� diiocxly to [,eade�. Imte� of to Bormwa �nd to Lmckr joindy. All or my p�ct of ihe ianuaace
<br /> proo�ede maY be�pplled by I.ender� u iu option,tither (a) to the reduction of thc indebl�odnw undti the Nde md
<br /> t1�5ecuritY lastniment. firn w any d�lioqueat +rr�ouaa �pplied in the ordtr im p�ragr�ph 3,aod t6ea to PnWY�
<br /> of priocipxl, or N) w the ratori+tion a rep�ir of the daa�ed Pmperty. Any�pplication of the prooeed: to t6e
<br /> PrinciPV �,hall ixx extead or po�tpone tEe duo due of We n�onthlY WY�ta whkh are refarod w ia 2�or
<br /> chu�e tLe�roouat of wch WYmeflts, Aoy exoea�lnturaoa pr0000ds ova�a amount �
<br /> lndebtedne�rs under the.Note �pd t61a Saurity lnattu�rxat �all be paid to the eatiry le��ily eadtledytberet�o.�
<br /> la the eveat of forecloeure of c61a Socuriry In�trumeut or ocher trawfer of tide to thc
<br /> the indcbDednes�. all right. title and ide�eat of Borrower in,u►d to inaur+nce � thu eatieaui�
<br /> eu�r�: policiea ia force tluJl wa w the
<br /> . - -S�-�P�Y. �on. Atai�ooe �od Pto�octiod �ot tbe Prap�diq: Horm�reR�'t Lo� Appljc�tior;
<br /> Le�ehoid�. Borrower ah�ll occuPY,estabUs6,aad use the Pnopaty a�8nrrowex's principal caicieace �ithin�ixty d��n
<br /> after the executioa of thia Secudry Inetruma�t (or wit�in aixty d�ys of a lua s�le or trawfa of the Pmpe�ty) �od�!
<br /> oontinue to occuPY �� �p�ctY a�Borrower'a principa residaxe for at Ita�t one yeu afta We dxe of oocupaocy.
<br /> �1�s+ La�der detemtines thu requirancnt will csuae undue hu�dshlp for Bomower, or udese eatp�u�tia�
<br /> cir+nurotaaa� exist which are beyond Bortower's oontrol. Bornower afu11 notify I.e�er of �ny eatcawtin�
<br /> t�eae�rA-t� n�oP 7nuar
<br /> °""r"'�"r"`'r".n°°�in'�� Pa;e 2 of d �
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