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<br /> 7QOETHER YIITH �M th• knprowrt�,nts now or hsrsrrtK u�ct�d on Ihe prop�rty, and aN eas�rrwnts, �ppurt�nanas, �nd
<br /> fbctunt now or h�rs�k�r�part of th�prop�rty.All nplac�u and eddilbns �h�11 dso b�cownd by thla S�curRy Instrum�nt. •
<br /> , Alt of tl»Mnpofnp M rNw►�d to h thU S�curRy Ins►rum�nl ts tM "Prop�rly,"
<br /> �_ BOF�OWER COVENANTS thtt Borraw�r h IawfuNy s�d of ths �sut� h�nby canwy�d�nd hR� th� rlpM to ynnt and �
<br /> _ ,,,,�.� conwy th� Prop�rty �nd that the Prop�Ay hs un�ncumb�nd. acaQt for mcumbnnas ol r�cord. 8orrowe wartnnts �nd will �
<br /> d�hnd pm�n N y tha tNM to th� Pro p r t y �Wlnat ail clrkns�nd drnands, wbJ�ct t��ny encumbrancbs ol record. �
<br /> _"' THI8 SECURITY INSTAUMENT combirte� unYorm cov�nlnts for Mlbn�l ua� and non•unBortn covenents wkh Iknked
<br /> - vuhtbn�by Jurkdbtbn lo constkut��unYOrm sscurky Imtrurtwit covalnp rwl proporty. N
<br /> UNIFOFN�1 COVENANT3. Borrarw and L�nd�r covsn�nt and a�pr» ��folbws:
<br /> �— - 1. P�yment of Princip�l �nd Inteeest; Prep�yment end Late Chu�e�. Nonowsr ehall promptiy piy whsn
<br /> du�th�p�M�clp�l Af�nd fntu�st on iM dlbt widsnad by ths Not��nd �ny prep�ymmt�nd Mt�chup�s du�und�r th�kab.
<br /> '= g� 2. F11nds for 7�xe� and Iilwrence. SubJac!to appl{cohis ww or to � wrRten waNer by Lender,Borrowsr ahall p�y
<br /> to I.�nd�r on th� day mOnthly p�yrnlnts u� dw und�r th� NW�, untN ih�Nol� h pakl fn lul6� sum ("Funds")lor. (o) yoarly � �
<br /> ---� t�xK and ��assm�nt� whfch m�y �ltaln prbrky owr thN Sr.urity Instrum�nt a� � IMn on th� PropKty; (b) ywrly Mu�hold ~
<br /> = paym�nit or yround rente on th� Propsrfy, R �ny; (c) ysuy h�zard or propsrty Inturana pr�nluma; (d) ysuy Ibod hsur�nc�
<br /> -= promlumf,M�ny; (s)yMry mortp��hsunnce premluma,N any;and(f) �ny euma p�ysble by Borrower to Lender h accord�nce
<br /> , wkh th�provbbna of puapreph B,n iMu of lhs payment of moAp�ys Inaurance prsmiums. Thoae k�ms us cdled 'Escrow
<br /> ----- It�ms." L�nder rru�y, �t any tim�. col4sct snd hold Funds h an�mount not to uccead lh�maxMum amount e lend�r lor �
<br /> ; hdwaMy nkt�d mortp�p� b�n rrwy nquin for Bortow�s�scrow �caount undK th� fed�nl Rwl Estab S�ttf�rtwnt Prx�duns
<br /> ' Act of 1974�t am�nd�d hom tkn� to tlm�,12 U.S.C.�2601 N ieq• ("FiES?A"), unkss anothx law that applks to the Funds
<br /> sNa a Mt6�r amount. If �o, Under may,tt �ny llm�, coll�ct�nd hold Funda h �n �mant not to sxce�d th�Wss�r amount.
<br /> LsntNr mty �ttkn�t�th�unount of Fundf dw on lhs b�tls of curtent d�tA and rpeo��bk estknates of exp�ndRurss ot future
<br /> Eacrow Ilwna or othsrwlse fn accorduice wRh�pplfcable ww.
<br /> Th�Funda ah�N l»held In�n hstttutbn whoss daposks ue in6ured by a ledenl ayaicy,instrumentu�ty,or entky(fncludhp
<br /> Undvr, M I.�ndK fs tsuoh en fnatkution) a in �ny FsdxRl Hort� Lotn B�nk. Lsnder sh�!appy the Funds to p�y the Eacrow
<br /> It�ns. Undrr rrMy not charp� Borrow�r lor holdhp and appiyYq the Fundt, annualy an�Mzinfl the sscrow �ccount, or veriyinp
<br /> th� Escrow Itwnt, unMss Londor ays BORGWK fntanst o�ihe Funds �nd appYcabk kw pYmiRs LoncNr to mak� 6uCh a
<br /> `" chupe. Hovrwrr, Lenda rn�y nqu'r� Borroww to pay a osiatYr�charpo for nn hdepondant real eetnte tex reperthly 6efVIC9
<br /> uNd by Undar in connsctbn with thls ban, unhae applic�bla kw provklsa othawlae. Unless an apnsrn�nt Is mada or
<br /> �ppllc�6N law nquk�s fntvroat to br pald,Lendsr shall not b��s9uired to pay BorrowK u�y htsreat or�aminps on th�Funds.
<br /> BortowK and Lender may ayree in MrithQ, howaver, that htast ehall 6e pakl on the Funde. Lender sh�N qHs to Borrower,
<br /> wlthout charp�, an annul�l �ccquntinp of ths Fund�, ahowinp cndK1 and dobks to ths Funds and the purpos� for wh�h each
<br /> d�bk to th�Funds wec mads. Th.f�nde u�pkdQ�d�s�ddibrul securicy (or aN cums slcurod by th�S�curity InstrurnMt.
<br /> If fh� Funds held by Lender eMaed thc+ emounts permitted to be held by eppl�able yw,Lender sh�N �ccount to BoROwer
<br /> for the eacss� Funda In accorduic�with tha nquY�t�of qpWabb Yw. I}the unount ot tho Funds hNd by Lsnd�r at�ny
<br /> tNna fs not sufNcbnt to p�y tha Esaow Itwns whan dua,La�du nuy so notNy Bortow�r In wrRhp,end, h such cas�Borrower
<br /> -� sh�M p�y to l.�ndar th��maunt nocasary to mUk� up th� d�icinncy. Borrow�r sh�ll rtuka up the dNfCfsncy fn no more than
<br /> tw�lw monthy p�ym�nts,at l�nd�r9 sok discrkbn.
<br /> Upon p�ymmt in IuA ot 4N surm s�curod by this S�eurNy InsWment,L�nder ahaU prompty raNnd to Borrow�r �ny Funds
<br /> held by L.�nd�r. It, undx panpnph 21,Lend�r shaM ecquira a seN the Property, Lender,prbr to tha scquBkbn or s�b of the
<br /> ps��,��.M .,��w anY Fiinrl�haN hy Lwntf�r qf fhe tYne ol�coulsRbn or sde as a crodk�pakt�t the sums aecured by this
<br /> S�curity InsWment.
<br /> 3. Applicetlon of P�ymen� Unless tpplb�ble Ilw providos otherwlse, BH p8ymsnts reC6hred by LentNr under
<br /> p�npnphs 1 �nd 2 shaN be applied: firct, to any prspayment ch�rpes due under the Note; s�cond, to amounts payobb under
<br /> pu�paph 2;thkd,to fnleraat dw; burih,to principal due;and Yst,to any late charpea dw und�r th� Not�.
<br /> —' 4. ChK�Ei; L1011i.. BoROwsr shall pay �A tws. isstiam�nte, charpea, fha �nd fmpoakbns athibutabM to th�
<br /> Property whbh mny �ttt�fn priorKy ovK thls S�curky Inatrumenl,and bas�hold paymmts a pround rente, M any. Borrowsr sh�ll
<br /> pay th�ts obNp�tbns fn ths m�nnK providad h pueQr�ph 2,o� M not pnfd h th�t mennx, Bortower sh�N pay tham on tims
<br /> dincty to th� p�rson ow�d p�yrtwnt. Bonow�r shaN promply fumish to Lender na notkes of amount6 to bs pRfd und�r thls
<br /> pwpnph. B 8orrowu makea thu� p�yments dlreety, Bortower sheM prompty P,�mish to Lender recelpta evfdenchy the
<br /> WYm�nb.
<br /> 8arow�r shaN prompty dhch�rpa �ny Ikn wh�h ha� prlaity ov�this SecurAy Inswment unNas Bortowe�: (a)�prees h
<br /> wrkhp to th� paym�nt of the obliptbn s�cund by the lien h a manner accept�bw to Lendx; (b) contastc in pood(aRh th�
<br /> N�n by, or deknda �p�hst enfac�t of the INn h, Iqal prxeWln9s whtch In the Lenders ophlon op�rate to prwsni th�
<br /> �nforc�t o} lhe Nan; or(c)socuns Bom ths holdsr of t1w Ifen�n apresrna�t s�tfahctory lo Lend�r subordin�tk►p th� IMn to
<br /> thk S�curky Inatrument.If LendK dNarmhes that any prrt o}Ihe Property is subject to �Ilen whbh may alt�in prbrity over thls
<br /> SACUrily InsWm�nt, Lencter may piw Barower a notfce Ident�yh�the Ibn, Bortower shal satisly the IMn or t�ke one or mors of
<br /> the e►albns sst torth abovs wkhh 10 days o}ths yNinp of nolre.
<br /> 5. Hazard or Properl�Insu�ance. 8orcawK slul kap the knprovernents now exlstinp or herwRer erected on th�
<br /> Prop�ty fnsund spainat bss by fn, huarda includ�d wkhin th�tertn 'extended ccvenfle"�nd any other h�xarda, hclud'np
<br /> tbods or Hoodiny,for whfch Lenti�r raquires Insuronce. This hsunnce shall be mafntahed In the emounts end tor the perlods
<br /> that LaidK nqulne. Th�kisunnq carcix providiny the insurana sh�N be choaen by 9ortower subJact to lender'a�pproval
<br /> wh�h ihaM not bs unnasonRby wRhhNd. If BortowK fai�to maintah Coverape descr�d above, Lendsr may, �t Lendsr's
<br /> optbn,obtaln covsrsps to protect Unders riphts In ths Prop�Ay in accordance with p�npraph 7.
<br /> AN hsuruica poMcks and reawals ahal bs �ccepubto lo Lender�nd ehnll hclud� a stanard mortpa0e clause. Lender
<br /> shaB haw ths rlpht to hoM tl» p�kiea�nd ren�wals. II L_t�nder nquY�s, BorrowK shal promptly pNe to Lender atl rocefpta o}
<br /> --� pald pnmiums and renewal notfcea. In lhe event o}bss,Bortower shaN phre prompt notlCe to the insurence carrler and Lender.
<br /> __z.== Lender may mnk�proof of bse M ral rn�ds prompty by Borrowsr.
<br /> —� Unlssa Lsnder and BoROwer dharwLse �pree fn writina,Nsunnce proceeds shnll be appNed to restoratbn or repalr of the
<br />:;_��� Properly d�m�p�d, M the rastontion or npaF fs �conomfeslty haable and Lenders secur�ty is not lass�nod.If tha rastorntbn or
<br /> - rap4k Is not�conomfcaly feas�bfa or Lender'a security would be bssened, the insurance procoeds shoA ba appYad ta the sums
<br />?±'��� secund by lhls S�curRy Instrumen4 whether or not thm due, with any ezcsss pald to Bortower. B Borcower ab�ndons the
<br />-�fr1?�$�7 Property, or do�s not onswer wkhh 30 days e notfce Bom lencfer that the InsurenCe curfer has offerad to settb e ckkn, then
<br /> �,`�•F'`. Lender rrwy coUect the hsurance proceeda. Lender mey uae th� prxseds to repak or restore ths Propxty or to pay aums
<br />-.a:`. securad by thls Securky Instrumen4whMher or not then due. The 30-dey perbd wul beqin when the not�e fs plve�.
<br /> � Unkss Lender end Bonowar otherwise apree in writYp, any applfcatbn of proteeds to prinCipal shaN not ext�nd or
<br /> " '� � postpone the dua date of the monlhty payments referred to h paraprephs 7 and 2 or chanpe the amount ot the peyments. If
<br /> ' 1- under psrapreph 21 the PropeRy ��cquired by Lender, Bortower's ripht to any insuranca polfcfes and p:xeeds resukfnp h�m
<br />--=�y�' dema to the Property prbr to Ihe acqe►IsRbn shall pess lo Lender ro the extent ot tha sums by thk Security Instrument
<br /> ��� fmmedf�tely prbr to the aCqufsdbn.
<br /> 6, Occu anc , Preaervetion, Meintenenc� end Protectlon of the Prope�ty; Borrower's Loan
<br /> ,•¢'�,,� •...�u��u�...�i� y�...�d. e...__..,.. _�.0 w u��hliF� �...�. e �ti. a.�"o.t��ae anrrnwwr'e nrinclonl rwsklanca wkhln -
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<br /> : ,� sbcty days atter fhe oxecutbn of Ihfs Securdy Instrument end shall continue to occupy tha Property as Borrower'S princfpal _
<br /> residence for at least one year aRa�the date of occupency,unfess Lender otherwfse agees h wrRfng, whfch consent shall not =
<br /> + be unreasonaby wkhhekl, or unlass exlenualhp ckcumstences exht whfch are beyond Bortowers control. Borcower shall not _
<br /> }� destroy, damege or knpaP tne ProFerty,aliow the Properly to deterbrate,or commh wasle on the Praperty. Borrower chall be fn
<br /> defauA N any forfeRure actbn or �xaaedhq, whelher civii orcrimhal, Is begun that in Lenders good fnkh�udement coutd resuR •
<br /> in(oHeKure of the Property or othorwlse materifllly fmpaM the f�en created by this SeCUrky Instrument or Le�der's seCUrRy interest.
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