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<br /> i" `''T . • ' • TOtiETF�R YIflTH aD the improvements now oc h�eatter erected an the properry, and aB easmnents, apPuttenartces,end �
<br /> . � , : 5xtu�ea rtow or hereafter a part of the prop�ty.3N replacat►Snts and addc�ons shall also be covered by thfs Security Insbvmeat `.�,;= ,� .�
<br /> :,`����'. ;�� -<:'+: qIl ot the toregaing is�eferted to fn thts Securlry h�strument as the•Fmperly.' ���`:" . �
<br /> '� `. ���.`• '' HORROYJ��COVEWAf�TS thet Bormwer ts seized of the estate h conv ed end has the d t to end "• ` �
<br /> ; Ia�riully erehY eY � �att� ����a�,u :c .� •:`-
<br /> ; .; : ';,�;� �* convey the ProDerty en�tha4 the Property ts weneumber�d. mccept for enwr�rances oi reeord. Borrewer wanants and will � .-
<br /> A:,.�„�•,. .; `: defend genefaQy the titte W the AcopeRyr agafisi e8 da6ns and demands.subjed to any enwr�bmnces of record
<br /> . � �. �:. 7HfS 5ECUFUTY tNSIRUMENT mmbtnes unlincm eavenm�ts tor nattona} us� and norwnftonn cav�arRs wiM Qmited
<br /> . �' vertatiorts 6y jurlseIIdion to eonsllWte a uNfartn sec�uiijt insbument coverir[g real properiy.' :<<�
<br /> � UNIFORM C01rflVAMS. Botrower and Lender Cove�+snt end agree as foIIows: � � .
<br /> . . , �;,; 1.P2t�mont of Prtn�lpai�td In4eres� PrsPaymet�4 at�d Lste Ch�rges.Barrower shali prompty aay when `;;� '�'` '
<br /> due the prtndpa!ot and U�terest on the de6t•evideiPed bY the Note and anY P�Ym�rt and tate charges due under tfie Nota '"'.'� .::. �
<br /> � ��'� ,`� ,.`t'�-:;' ' 2 Funds.for Yaxes and Insurarace.Subject to aPPAcable taw or to a wiffien watver by lender.Bortow�sha�pay ' .�.�_�,._�-
<br /> • ���" ' W l.ender on the day morRhfy paymenis ara due under the Not�w�W the Note is paid in fu6. a sum('Funds')lor. (a)yearty � .
<br />- ��_�-�<. t�ces end assessments wNch may stmh� pdoriry aver thts Security InsGumeart as a �en on the RaPe►tY• �) Yse►N teasehotd : •` - ;.-, .-.
<br />- ' � _ ��";'�'`` paymenis or�ound rer►ts on the Property.it anY. (c)Yearql hazard or properry irtsurance premfums: (�Yea�tY ftood�nsurance ',.. �''as': �.
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<br /> � . premiums. fl enY: (8)Y�Y moRgage insurence premiums.i f anY.and(Q arry sums Pa}�[e 6 y Boaower to Lender tn accordance = �-:
<br /> - wdh !he provisions oi para�aph 8, in Ueu of the payrn�t of moR�ge insurance premtums. These items are caAed 'Es�anw
<br /> � ' . Items,• Lender may, at any fime, coIIect�d hold Funds in an emoutrt not to exceed the ma�dmum amount a lender for a �
<br /> en
<br /> _ • i4 u federaQy retated mortgaga toan may requtr�for Bomower's escraw accormt under the federal Rea{EsUate SetGem�nt Prooe�res .;
<br /> . ' .' . z; Act ot t874 as amended from t6ne to time,42 US C.�260i et seq. (°RESPA'), untess another Isw tl�ai appfies flo the fuads ,-;_
<br /> �� - .. . - sets a Iessa amaunt M so. Lender may,et arry 6me.�Q�t and hald Funds tn an emow�t not to�cce�!the tess�amourrt. .' �:"�"'
<br />_ . � Lend�may estfmate the amouM ot Wnds due on t1►e basts of cuRent data end reasonabte estimate.s of e�en�itures o!tu0me r.`..r:::t.,;�-
<br /> • � , Eseaaw It�ns or othawtse in accor�fance wftn appGcable law. .. ;:-. °•
<br /> 7he Eunds shaU 6e hetd ln an InsUhrtlon whose d�osits ere insnted by a tederal agency.insWm�."n}r.or e�iy(meLid�►g. � - -
<br /> �,. �- L Lend��T La�der is such an instftuUonj or In eny Federai Nome Laan Bank Lender shaU appty the Wnds m pay the Escow '' -`-
<br /> :`� Itcmts,Lersd�may nat charge Bamowrer for hal�ng and ePP�S the funds.ennuaQY analY�h►8 the escrow accssu�ar veriiying '`:�
<br /> ' `'' the Esanw Items.untess L.ender pays Bomawer fiiferest on th� �unds and app6rab[e !aw petmits Lender to make such a •. .
<br /> '� ��' charga ftawaver. Lend�may requlre Barrower ta pay a one�rne charge tor an independertt reat esta[e t��aRing senrice . �
<br />,�:i4��,:�:.r� ��`.✓,;it,r,..�: F �
<br /> `'',��. . used tsy L�der in connecfion w�h this toan, uniess applicebTe taw provides otherwis� UNess an a�eeme.nt Is made or .� , �'
<br /> `� � appticabte faw requhes inter�st to be paid,Lende shaB not be rec�ired to pay Borrawer eay fnterest or eamNgs an the Funds. • '''� °_
<br /> -.,:;. `` Borrower and Lendv may a�ee irt wrflfig, however, that tntaest shaU 6e pald an the Funds. Lender shall gtve ta Borrower. .,'r�:_�
<br /> � wRhout charge, en annual accourtttr�g of the Funds, shawUg cre�is and debfts to the Funds and the Qurpose tar which each E �"`
<br /> - -•�•-;•�-' debft to the Furtds was made. Tho Funds are piedged as aQditlonal securiry far aD sums se�vred by the Securily tnstrument �'�°-=---
<br /> ' ,. 'If tha Fmds hetd by Lender exceed the amonnts pemiitted to de hefd by apa�cab[e law, Lender shel! account to Borrower • ��-"-�.F f
<br /> for tha�ccess Funds in aecardance wftN the requirements o!eppl�abte taw.If the emount of the Furrds hefd by Lender at any �.'`:�.'';•��
<br /> � ' fhne is not suffldent to pay the Esctow Items when due, Lender may so notly Borrower in wrEting.and ir+sucA case 8arrower `.
<br /> �• �•- shall pay to Lender the emaunt necassary to meke up the.deflctency. Borrower she0 make up the de8c�ency(n no mora then. •� �,r�Y*!
<br /> � �:.,.,.°:...�•.r tweiva menthy psyments.at lender's sola disaeUon. �:'"���.r; .---
<br />- ' !lpon payment In iW of�sutns secarred by tt�is Secvrtty tnshumenL Lender shall promptry relun0 to 8orrower any Funds ����-•_-
<br /> � ,, hdd by l.ender. If,under para�ayA 21.lender shaU acQuire or se0 the Praperty, Lendet,pdor to the acqufsiGon or sale a1 the �'
<br /> �+,� ' �P�oac�ety, sheD appty eny Wnds hetd by Lender et the Ume o1 acquisttlon or sate as e credit against the sums secured by this .��'''�
<br /> _ ` � .��. `�.� 3eaur(ty InskumenL •�.'�.
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<br /> Y•'`:, 3. Appltcafiom af Paym�etts. untess apppcable taw provtQes othenvlse, a11 p�ymc4�ts rec�ved by Lender under `_.�_'�'-
<br /> :s�: • � paragraphs 1 and 2 sAa11 be applied: Rrst,to anY P�D��t charges due under the No't�secand to emounts payahle under r,.���...
<br /> ''^ ; � • paragraph�thfrd,to ir�terest dua:tourth,to pdn�dpal due:and Iast,to any tate churges due ur�der the Nate. -,.-;::- - _
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<br /> ` t g. Chargos; Uet13. Borrower shaD pay afl taxes, esses.mertts, charges, fines and imposRions attributabte to the ^•°�- _
<br /> •` � , Properry wh!cti may sttain pflorfly oYer this Securiry fistrument,and leaseho(d paymeMS or�ound rents.ff ar►y. Borrower sha0 .�„,� -
<br /> '�� �� � '- � pay these obDgattons tn ttte menner proutQed in paragraph 2,or B aot paid(n that manner. Bomowev shaq pay them on Ume ��=
<br /> ���� : .;-�{,` directly to 1he person owed paymenb Borrovrer sha0 promptty fumish to Lender all notices o1 emounts 2o be paid under this � ����.�,,� ' -
<br /> • '„ _�� paragrapfi. H Bottower makes ihese payments direcUy, Borrower shall promptly fumfsb to Lender_receipts euidendng the '�� =-
<br /> payments. tr �--
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<br />. .. 8orrawer shall promptfy discharge any Ilen whEch has pdorfty over thfs Securfty Inshument untess BoROwer: (a)agree3 In _ ; �
<br /> ' - ` j wrlting to the paymerrt oi the obUgatton secured by the Qen in a manner acceptebte to Lender, (b} contests In good taith the I,:��. � -
<br /> Oen by, or de(ends against errtorc.ement o1 the Uen in,legal proceedings which in the lender'e opinton operate to prevem the _>_�.;�,`;��
<br /> r• � �? �''" '��� entorcement of ihe lien;or(c)secures from the hofder ot the Gen an a�eemerrt satisfactory to Lertder subo�dtnatlng the Gen!o __-�
<br /> � �� : this Security fnstrument If Lender detertnines that any part o!the PropeRy is subject to a Oen whlch may atta.'�pdorlty vver thts ti� -
<br /> w � ' Sscu�fty f�swmem,LenQer may ghra Borrower a noUce ider�i�fng ihe Uen.Borro�Ner sha11 sattsf�the Qen or taka ona or more of � :�x ,: :
<br /> � .: . ' the actions set torth above witfifi 10 days af the giving ot noUce. � _� `
<br /> >•:.�• �- 5. Hazar d 0� P fOpB R y i ri su�an Ce.Borrower shaD keep the improvements now exisUng or hereatter erected on the --__
<br /> `° Propedy insured sgainst toss by fire, hazards inctuded wfthin tfie term 'extended cavelage• and arry other hazards, IncNding -
<br /> �'� ' � g iboda or ftooding,lor whlcA lender requ(res tnsurence. This insurance aha0 be ma6rtained in the amounta and ior the pedods _
<br /> • ' �. that Lend+2r requires. The Insurance carrler praf�c:g ths insurance shail be chosen by Barrower subject to Lender's approvai . <_��
<br /> � � ' which shall not be unreasonaby withhe(d. If Barrower taUs to malntaln coverage descrfbed above, Lender may, at Lender's - ,,�:
<br />��."• ,:.��. . � ' optton,obteln coverage to protect Lender's nghts 1n the PropeAy in acco►dance with paragraph 7. ' ,,,
<br /> . �., �� : NI insurance poltdes and rer:�uata shall be acceptebte to Lender and shall Inciude a standar� mortgaga c�ause. lender
<br /> �S` - ''` %, shall have th0 dght to hold the poiccies and renewals. N Lender requhes,Borrowet sha0 promptly give to Lender eU recelpts oi '
<br /> ;;:; .� �{; paid premiums end renewat notices. In the event ot toss, Borrower ahall gi�re prompt notfce to the insurance cartier and�ender. . • .
<br /> • � Lender may mafce proof of toss N not made prorr,�Jy by 8arrower.
<br /> �Y. � •, . •• �,.; �Untesa Lender and Bonower otherwise a�es in writing, Insurance proceeds sha0 be applled to �estoratlon or�epeir of the -' �:y� � �
<br /> '� ' , R` Properry damaged,H the restoraUon or repair is economtcelty feasibie and Lender's security is �ot tessened.II the rastoraUon or : ' ' •-:
<br /> � � • „ repalr is not economicaly teasibte or Lender's seeuHty woutd be tessened,the insurance proceeds sha0 be apptied to the sums • . •
<br /> :.. � secured by this Security fnsUument, whether or not then due, witb any excess pald to Borrower. it Bortower abandons the ��
<br /> " Property. or daes no! answer wHhin 30 days a nottce irom Lender tAat the Insurance c�nter has ottered to setUe a dalm,tAen �' •
<br /> �:.�. . . Lender may cot►ect the insurance proceeds. Lender may use the proceeds to repair or restore tAe Property or to pay sums , }` • �. •
<br /> .. ' secured by tAis Security Instrument,whether or not then due. The 34day pedod will begln when the noUce Is gNen. �
<br /> � Uniess Lender and Borrower otherwise agree in wdUng, any applicaUon o1 proceeds to pdndpal shaU not extend or � �
<br /> �� „ postpone the due date o1 the monthty payments reterted to in paragraphs t and 2 or change the amount oi the payments. H
<br /> ' � � • _ under pa►agraAfi 21 the Praperty is acqulred by Lender. Bonower's�ight to eny insurance poildes and proeeeds resultlng from
<br /> � • • damage to the Properiy pdor to the acquisitlon shail pass to Lender to the aReni ot the sums by this Security InsWment � • . �
<br /> • � Unmediatety pdo:to tho ucqaisftlon. � � . . •
<br /> ' . �. • 8. Occupartcy, Preservatlon, MalrKenartce and Proieatlon af the Property; �onav�er's Loan . . �
<br />. . ; • Applic�4ion; L88sehOlda.Bonower ahatt occupy,establish, and use ihe Property as 8anower's pdndpal residence within ;. . ,
<br /> • ' sixty days efter the executton of thia Secudty Instrument and ahall conUnue to occupy the Properly as Bonower's pdncipal .
<br /> i;:�• � = � � , residence for at Ieast ona year after the date af occupency, uniess Lender othetwise sgrees tn writing,which consent shaN noi
<br /> . _ • , be unreasonabty withhelE,or unless extenuaUng circumstar►ces exist which are beyond 8ortower's conVol. Bor►ower shal{not . �_
<br /> . , desvoy, damage or impeir the Property, ailow the P►operty to Aeterlorate. or commit waste on the PropeRy. Bortower shatl be in � '
<br /> . , detault il any toAeNure action or proceeding, rrt:�her civil or crlminal.ts begun that In Lender'o goud ta(th judgment coutd resutt "
<br /> �•�� .. - in forteiture oi the Property or othenYse material.y impair the Iien created by this Security tnstrumen!or Lender's security+interest .-•.
<br /> . =�,xi� .
<br /> • • , � =1316.LM0(1/9� Pagc 2 ot 5 �� j�� ' .. .
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