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<br /> BORROWSR CO'VENANTS Ihu Borrowcr L lawfully�eiied of the estue haeby conveyed and h�a thc right to
<br /> jrwt aod convey�he Pmpe�ty ud tluit the Pmpecty is uneacumberod� except for encumbr�oca of record. Borrower
<br /> wunnu a�d wilf defend Qa►erally th�dde w the PropertY�ainst all clainu and demande� subjxt to tny eacumbrancea
<br /> of rxocd.
<br /> THIS SECURITY INSTRUMBNT combines unifornn covmants for netiond use and non-unif�rm covennnts wi�h
<br /> lirNted vW�tions by Juriidletion w cautitute �unitonm �ecuciry iaitrumeat covering re�l pmperty.
<br /> UNIFORM COVENANTS. Borrower �nd L,eader caveau►t wd �ree a� foUowe:
<br /> 1• Pa7ma�t ot Pr�. Inlae�t aod L�1e (�r�e. Borrower stull pay whtn due the princip�l of,and faterest
<br /> . on, the debt evldence� by the Note aad t�te cd�rges due under We Note.
<br /> . 2. �1 �7� ���+.���� +�od�OIM' (7�Eer. Bonower ehall xnclude in ach monthly paymelit,
<br /> , together witb t6e principal md iNeneu a�eet fonh in the Note aod any lpte chuga,R�um for(a) tua aad q�eci�l
<br /> ' s�aanaq levled oc W be leviod�ainct the Prope�ty. (b) lwcfiold paymenu or around renu on We Propecty, �ad
<br /> (c) Ptadum� for io�unuxx requfrcd under p�ragn�ph 4. [n u►y year in which the La�der mtut {uy a mort��e
<br /> imurmoe premiwn w Ihe Secretuy of Howin� �nd Utb�n Develo{m�eat ("Secc+ettry"), or in my yeu in which such
<br /> premium would have baa ra�uired if L,rnder �till held tLe Seaulty Imtnimeat� ach moathlY P�Y�t �uU �lw
<br /> iaclude dther, (i) a aua tor Ihe �aautl mott�e ln�ur�oce pradum to be p�W by l.ender W tbe Sectetuy, or(ii) �
<br /> montbly chuse imtad of R mnct�e ianua.�nce pranium if tbis Security fa�a�vmeat 1�6ald bY tLe Secnet+ry� in �
<br /> re�oo�bb anwuat ta be daenniad by tbe Secrauy. Facoept for the monthly c4�rye by the 5ecrct�y, tbae item
<br /> ue c�Ued"B�crow Ite�er' wd tl�e�umt paid to Laoder u+e calbd '&crow Puadi,'
<br /> l.eodor n�y,at �ny dme, oollect �ad bold �rnounts for F.�crow Itwr in n yire{�te �mount uot to eaoa�d the
<br /> n�lnwm�ntount �t a�y be roq�lrod Rot Batrowa'� acro�v�ocauot under the Red Faate SeWament Prooeduta
<br /> Act of 1974.12 U.S.C.;2601�,�y. aod implananin� rejululon�, 24 CFR Pnt 3300,iu thry may be amended tronr
<br /> dme b dme (�RF�fPA")�exoept dut tbe cu�hloa or raave penaitted by R�SPA for wwntkipaed dltbunamm� a
<br /> dirbunammt� betore the Bort�owa'e p�ymeot� ue�vW�ble la t6e �ccount mry mt be ba�ed oa amounn due for tbe
<br /> moct�e Inruaooe prem[um.
<br /> If t6e�anounta bcld by l.adet for Pactnw Itam exoeed the�a4oumi permiued w be 6dd by RFSPA. I.eacler �lWl
<br /> n+oouot w Hoerower t�or tbe e�ccx�t�ad� �roquired by RBSpA. If tLe �nnounti of fimds hdd by Irader �t imy Wne
<br /> are me �ufMkst m oay the F�ce,ow Icane when due, [m1� m.y ti,etti,n,.� MlT71�WM �r�sfsr Lsrro��s ta�.-
<br /> up tbe ibo�ta�e �t petmiued by RESPA.
<br /> 'I�e B�czav E�uMt�re pled�ed��ddidooal iaarity for all aum�ocur+ed by tbit Seairlty Inuiument..;If 8��
<br /> taodas b I.eocler d�e 1W1 p�ymeot o��Il nxh wa��Bonoaer'�a000unt ihall be credited Mith the b�lanoe.ramdnia�
<br /> foc aU itu�t�llmcat item�(a)�(b)� �od(c)+od auY moct�a�e inmrioce premivan iattalLtkat that L,eader lw not beoome
<br /> ��� wr�� �5►. ,od l.mder �hall pmmptly ren,aa my exxn tl,aes w s«rowa. tmanoai�oe�r a�
<br /> w a forecioain We of the P�operty or iu�oquidtion by I.eader,Bocrorva't aceaunt �ll be cndited with�ny b�lma
<br /> : �io� !br�Il in�t�Umeab !br itenot (a)� (b)� aod (c)•
<br /> . 3. �lP� d r+Dm� w WY�s aader pu�c�phs I aud 2 a1Wt be applied by Leader as follo�w:
<br /> �$, to the mort�e inwnooe pn�niom to be pdd by L�enda to t6e Sxretary a to tlu montWY char�e bp tbe
<br /> Seciehry ia�tead of t6e monthly mo�t�e inanu�uoe premium;
<br /> ; . �Nj�� w any tua�ipecid�t�e�tmmv. Ie�etlald paymwu or�nround t+mu, aod Me,fbod a�d.cNba hrraM
<br /> . ia�neoe p�itmo�. a�requi�ed; •
<br /> �$Q. ro inteie�t due uoda the Nate� . � ,
<br /> �,jR,gj, to �moedatba of the prlacip�l of the Note: add - '
<br /> ' �� to late Ch�lt�w due vuder the IVote. ,`'�i;,:
<br /> � 4. Flo�,�+loo��■i Obei ���ned 1�raeaeoe. 8orro�va �h�ll inwre �ll im�avaaeat� on the Prapccty. wbether .
<br /> . no�r fn a�Ltar�e a wbequeady aected� +iaimt a�Y haz�N�. c�aulttes, ud auitinjeacia� includin�'�ie� for�
<br /> Lwder requira lnaiaooe. TLL iue�ur�noe tiWl be mdauined ia We �mounts ud Sor tbe period� Wat I.aodet
<br /> teguiret. 9ocr�oMa ih�ll ala inaue tll improvemmn oa the Propaty. ahaher no�v ld exiweoce or a�e��eoNY
<br /> eiect�ed. yair�t loa by floodt W the extent tequired by tho SeG+etuy. All inarcwoe �6a11 be cacried wlth oornp�oiet
<br /> • �p'P�'o�'ed bY:,esder. 'ibe inaraaoe policia aod �my ceaeM�la e6a11 be bdd by Lender �od�11 iaclwk'loo pay�ble
<br /> � cLuaa ia favor ot,�eod ia a focm�ooepuble to,Lreader.
<br /> Ia tbe evmt of las,Bocm�vet malt�ive L�cader ��•+•f1ea;u• notla by mW. La�de:muy m�e proof of 10�it aa.
<br /> �P��Y bY Bocmwa. Eac6 inwnmoe coo�p+�ny concerned i�ha+eby�whorixed md directed w mlke payq�nt
<br /> . for �uch !as dlrxdy w Lemder. idtead of to Borrowa ad to I.eader joinly. All or�ay ptrt of the inw�
<br /> prooeeda nuy be�pplied by[,eoder� at iu optioe. cither (�) w the reductioa. ot tbe indebtedae� twda�t�o Tiate�od
<br /> thL Secudty lo�niasa�t, tictt to any delinqua�t unouots �pplied ia the oMer�•�a p�niph 3.and tbea�.te P�Y�
<br /> o�prlociql� a(b) w the rator�tion a repatr of tbe d�rn�od Propaty. Any �pplication of trie prooeedr to tbe
<br /> prtac�p�l tlt�l!not extead or postpooc the due due of tlte monthly p�ymeats which ue refcrred w in parqraph 2,or
<br /> c6�n�e the unouat of acb p�ymeau. Any exca�iawraooe pmoeeii� ova an�mounc requirod to paY+�1 oul�odins
<br /> indebtedoe� uoda the Note end this Secudty Insttumeat �11 be paid to t!u auiry le�aUy eatided tba�eto.
<br /> In tbe eveat of foroclow�rc of this Socudty In�tnu�eat or other tr�nafar of dde to the propaty thu eatiosui�6a
<br /> tbe Indebtadnat, vl rl�ht, dde �od internt of Borrowa in �ad to iaturaqoe poiicla in foroe dull pw w tbe
<br /> Durc�wer,
<br /> 3. Oo�.y. Piaen�tioe. 1►(airemoe atl Prclectia of We Piaperty� Borie�rer'� Lo�a Appliwioa;
<br /> t.ereioid�. Borrower dall oocupy�aublith� +md we the Property �Borrowa'� principal raideaa withia�ixtyday�
<br /> aRa the execution of tL1u Security In�iument (or withln�i�ry day�ot�Ister s�le or aaorfer of the Proparty) �od�hail
<br /> oontinue to oocupy the Prepaty �Borrowa'�prLacipal raideaoe for at leau one yeu aRer the d�te o!ooa�acy�
<br /> uala� I.eader determinea thu requirert�ent wlll caua undue h�rdabip for 8ocrowa, or ualas extaautin�
<br /> , cinva�tanoea exiu wWch ue bryond Borrower't oanuol. 8orrowa �h�ll notify Ltader of �uy cxteawtia�
<br /> r�.�-t�x�+ io�u aP 7�tt�,tr � .
<br /> u.�,....errr,re.t�oo►«si�a Pa�e 2 of 6 1, ,(.
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