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<br /> TOOETHEH WITH �1 th� knprov�rtNnta now or h�rwk�r �nct�cl on tha proparty, �nd d wuwnar�tR, oppuAanancas, and
<br /> fbctur�� naw w hKMh�r� p�rt of lh�prap�rty. AM npl�c�t� �nd�ddkbm sh�ll�Iso ba covsnd by thla Securky Instrument,
<br /> _ AN of th�forpolnq M rMlrr�d!o h thb S�aurky In�Wrtwnt��th� "Prop�rty."
<br /> , • BOF�FlOWER CQVENANTS ih�t Bortow�r b ywfully ��f�d o} th� �st�ts h�nby conv�yM and h�e lhe rfpht to prant�nd
<br />_�� cqnwy th� Prop�rty �nd Ih�t th� Propwty k un�nCUmb�nd, uco�pt lor �ncumbnncss o} rxord. Borrowor wurants and wlll -
<br /> - d�f�nd prnKaly the INM lo th�PropKty Rp�het aA ckkn�and d�rtu�nd�,wbJect to�ny enaumbr4nces of record.
<br /> _ THIS SECURITY INSTFlUMENT combin�t unMorm covenanta lor nptbn�l uss and non•unHOrm covenents wNh Iknked �
<br /> - v�rl�tbna hy Jurkdfotbn lo oon�tNut� �unMorm ��curky Imlrum�nt r,ov�rhp rwl prop�rty. I
<br />--y UNIFORM COVENANT3. Borrow�r�nd Unda cownant�nd�p�e��t lolbw�: -
<br /> ='9 1. Raymmt of Princlp�l •nd Intsnri; Prep�ymsnt and Late Chirpes.8orrower ahell prumptly pay Wna� �
<br /> du�lh�prinaipd of�nd fnt���t on th�d�bt wld�nc�d by th� Nob�nd�ny pnp�ym�nt�nd YI� chupe�du• und�r lh� Not�. �
<br /> � 2. Funds for T�xea �nd Inwrence.SubJ�at to�ppl��bM kw or to�wrktM weM�r by Lsndsr,8orrower shall psy
<br /> � to L�nd�r on th� d�y monthy p�ym�nt� aro dw under lh� Not�, untN th� Nolo fa pald h fuY,e sum ("Funds")for. (4) yoarly � �
<br /> _ t�x�t �nd us�tem�nts whWh rtµy Rttaln prbrily owr thy S�CUrRy In�trum�nt �� a IMn on Ihs Propwty; (b) ywry laasahold
<br /> - p�ym�nts or pround nnit on th� PropKty, N�ny; (c) yMry huard or property kieursnce pr«nlums; (d)yearly flood Insuronce
<br />_= pnmium�,M�ny; (s)yNrry mortp�q� inwrana pnmium�, N my; and (f)�ny sums poyabN by Borrower to Lender h wccorcLnc6 �T
<br /> -� wkh th� provhbns of parRqnph B, In IMu of th� paym�nt ol mortp�p� Insuranc� prsmiums. Thos� kems ar�called "Escrow
<br /> -:� Itima," LmcNr rruiy, �1 any tkns, colMct �nd hold Fund� fn �n �mount not to exceed th�maxfmum emount a bnder lor e
<br /> _= bd�rally nMtW monp�pv b�n m�y nqufr� lor 6onow�� �scrow �ccount und�r the foderal Real Estate Sottlernent Procedures
<br /> °-' Aot of 1974 0��mond�d from thw to thw, 12 U,S.C.@ 2801 et saq, ("RF.SPA"), unless enolher Isw thet applles to the Fund�
<br /> - ceta � M�e�r �mount. II so,Lond�r m11y, at �ny tkns, coll�ct and hold Funda In sn amounl not to exceed the bsser emount.
<br /> L�nd�r reu�y �stYn�t�th�amount of Fund� dw on Ih� bub of current dats end reason�ble estknetes ol expenditures ot luture
<br /> °- Escrow Ibma or oth�ewk� in accordance wkh�pplbabk kw.
<br /> - Th�Fund�th�N be hsld In �n hatRutbn whoas d�posRs are Insured by s federal apency,hstrumentalNy, or entRy(hcludlnp
<br /> Lend�r, M L�nMr Is 6�ch an hatKutbn)or In any F�dsral Home Lo�n Bank. Lender shall appy the Funda to pay the Escrow
<br /> It�ms. L�ndK may nol charp� Bortow�r lor holdlnp and appyinp tha Funds,annudly �nalyzinp the ascrow occount, or vwifyfnp
<br /> th� Eecr�w INms, unln� L�nda pay� Bortow�r Inbntt on th� Funds and �pplbabN I�w p�►mRc LandK to mak� such a
<br /> - - cheraa. Howwx, Landar may raquka Borcowsr to p�y a onatfine cherpe lor nn Indenendent reel estete tauc reporting servl�e _.
<br /> used by L�nd�r fn connoctbn wkh this btn, unlese �ppllcabM Mw provldes otherwise. Unbaa sn apr»ment Is made or
<br /> spplb�bk I�w requins htKSat to bs p�ld, LYnder sh�lll nat be nqulrad to pay Borruwer any htsroet or�aminps on ths Funda.
<br /> 8orroww and Landa rruy aprea In wrkhp, hawever, th�t htxest shaN 6e paid on the Funds. Lender shaN piw to Borrower,
<br /> wkhout chup�, nn lnnud �ccounthq of the Funda, showlnQ cndtta and dsbRs to the Funde and tha purpose lor whbh ewch
<br /> debk lo ths Funds w�s made. The Funds are pledped as addkbnel securky tor 411 sums secured by the Securky Instrument.
<br /> It the Funds held 6y Lender exceed the amounts permittad to 6e hsid by eppACable law,Len�er sholl acaount ta Borrower
<br /> for the�occ�s�Fundi In�ccord�nc� wkh tho raquk�rnanta of applb�bb law, I� th�amount ol the Funds hsld by Lsnd�r at�ny
<br /> tkne Is not suMbis�t to pay lhe Escrow Itema when due, Lender may so notNy Borrower fn wrkfnp,and, h such casa Bonowsr
<br /> -� ahaN pay to Lmder th��mount neCessary to meks up the defbbncy. Borrowsr shall make up the dafblency h no mors than
<br /> lwsNa monthy payma�te,at Lsndsrs aole dlscretbn.
<br /> Upon paymsnt fn IuN of ali aums sacured by thls Sscurky Instrument, Lender shall promptly relund to BoROwer�ny Funds
<br /> held by Lendsr. If,uncNr par���ph 2t, Landar ahall�cquks or sell the Propsrty,Lender, prbr to th� acqubkbn nr s�le of ths
<br /> Pron�rty, �haA�ooy any Funda held by Lender at the time of acqulskbn or sak ns e credk�4ainst tha sums secured by thls
<br /> SecurNy Instrumsnt.
<br /> - 3. Appllcetlon ot PsymenU. Unless applbable law provkies othsrwke, �N p�yments receNOd by Londer undar
<br /> paraqnph� 1 �nd 2 th�Y be applNd: Iirat, to any prepaym�nt cherpes due under tha Nots;a�cond,to Qmounts pay�ble under
<br /> psrapnph 2; thtd. to Intxeat dur fourth, to princlpal due;�nd last,to any late charpe&due under th�Note.
<br /> 4. CII�Qes; Llena. Borcower sh�ll pay all texee, assessmenta, oh�rp�a, fhes md fmposkbns attrbutabb to the
<br /> Property whbh may athh prbrfty over this Sscurity Instrument, and leasehold payments or pround ronte,M any. Borcower ehall
<br /> p�y thaa� obYqatbns In the manner provlded h psra9raph 2, or M not pald h that mmnor,Bortowar shaN pay than on tfine
<br /> dirsotly to the person owed payment. Bortower shall prompty furnlsh to Lender all notfce!of emounts to be pald undYr thls
<br /> peraqraph, If Borcower makes these payments dkecty, Borcower shell prompty fumish lo Lender receipts evkienCiny lhe
<br /> payments.
<br /> Borrowar shqll prumptly dlscharqa any Ilen wh�h has prbrky over thSs SecurHy Inatrum�nt unless 8ortoww: (a)aprs�s In
<br /> wrkinp to the payment of the ohlipntbn secured by the Ibn Yi a rr�nner acceptabb to Lend�r; (b)contssta fn pood fakh th•
<br /> INn by, or Whnda�yahst entorc�rr►ent of ths �fen h, lep�l proceedinys whbh In tha Lend�s opinlon opxab to prev�nt th�
<br /> �nforcert►�nt of the Ibn;or (c) Eecures from the holder a}the Ilen an eproement satfafectory to Undsr subordln�thy ths INn to
<br /> this SeCUrity Instrument.If Lender determines that any pert of the Properiy Is subJect ta n Ilen whfch may atteln prbrRy avsr thls
<br /> SecurRy Instrumsnt,Lender may qNe �orrower e not�CV Identifylnp the Ibn. Borcower shell sal'aly the Ifen or take one or more of
<br /> the actbne set forth above wRhfn 10 deys ot the plvinp oi notbe.
<br /> 6. HaZArd or Properiy Insurence� 8arrower shall keep the knprovMrients now exlsthQ or heresfter erected on the
<br /> Praparty hsund nq�hel bss by (ke, hasards hcluded wkhh tho term "exlencNd cowra�"ond any othor hararda, Includtnp
<br /> fbods or fbodinn, tor whbh Lender requkes hsurarce. This hsunnce shall be mafntehed h the amounts snd for ths pxbds
<br /> that Land�r requk�es, The fnsurance cnrtler providlnp the hsurance sh�ll be Chosen by 6ortower subJsct to Lsnder's epproval
<br /> wh�h shdl n�t be unrMSOnaby wkhheld. If dortowx falis to maintnln covx�pe describ�d above, Lender may, �t Lender's
<br /> _ optbn, obtain cover�pe to protect Lenders riphts In the Property h accordancs wflh parepraph 7.
<br /> — All Inaunnce poltcNs and renawals shell be acceptable to Lender and shan Include o standerd mortpape Ctause. lender
<br /> shall have the rfpht to hold the polbies and renewa�s. If LendeF requlres, Borrower shell promptly pke to Lender au receipts of
<br /> - pald premfum�end renewal notbes. In the event of bss, 8orrower shall pive prompt notfce to the hsurence carcier and Lender.
<br />°� - Lender rr�y make proof of bss M not made promptty by Borrower.
<br />- Unpss Lender and Borcower otherwise nflree fn wrRin�, hsurance proceeds sliall be applfed to restoratlon or repalr of the
<br /> _� Prop�rty dom�pad,N the rast�ratbn or repok is econombaly feasble nnd Lender's securky b not lessened. If the reatoratbn or
<br /> repair Is not econom�eMy feeefble or Lender's securRy would be lesoened, the Insurance proceeds shall be applled to the sums
<br /> .� secured by this Security Instrument, whether or not then due, wkh eny excess pald to Bortower. If Borrawer abondons the
<br /> Property, or does not en5wer wkhh 30 days a notfce hom Lender thflt [he In6urflnce Carrler has ottered to settle a clnkn,then
<br /> Lender may collect the hsurance proceeds. Lender may uso the proceeds to rapak or restore tho property or to pay sums
<br /> securad by this SecurRy InsWme�it, whether or not lhen due. The 30-day period will bepfn when the notfca Is given. -
<br /> • , Unless LenUer and Borrower otherwlse aqree fn wrkinp, any epplbation of proceeds to princlpal shall not eMend or =
<br /> �, postpone the due dete of the monthly payments referred to fn peragrephs 1 and 2 or chanpe the emount af lhg payments. If
<br /> under paraqreph 21 the Property Is acquked by Lender, Borrower's rqht to any hsurnnce polfcfes and proceeds resuRinp hom
<br /> � damage to the Property prlor ro the acquisitlon shall pass to Lender to the extent of the sums by lhis SeCUrity Instrument =
<br /> ,: Immedlately prior to the acqulskbn.
<br /> ��` 6. Occupancy, Preservation, Meintenence end Protection of the Property; Borrower's Loen
<br />' != ennlln�finn� 1 aa�whnldR. anrrnwar ehall nr.r.unv. actahlish.and uca tha Prooertv es 8orrowars nrincloal resld0nce wkhin
<br /> --.° "�.r..�...._.., -----•--•--• --- --- - - -- -... . . .
<br /> sF�ty days eRer the execution ol this Security Instrument and shall conthue to occupy lhe Property ns Borrowers principal =
<br /> reSldence for at least ona year after the date of occupancy, unless Lender otherwise eprees h writh0, wh�h consent shall not -
<br /> be unreasonebly wRhheld, or unk+ss extenuatfnp ckcumstances exist whbh are beyond Bortower6 control. Bortower shell not _
<br /> destroy, damage or impak tha Property, allow the Property to deteriorete, or commR weste on the Property. Borrower shall be in
<br /> detauR M any forieRure flctlon or proceedfng, whether cNil or crlmhal, IS begun that fn Len�e�s good feRh Judgment could resuR ='
<br /> in tortekure o1 the Property or otherwlse materlally impalr the Ifen created by this SecurRy I�slmment or Lender's securAy kitere3L ''
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<br /> F1�1B.LM0l�0/06) PaO� 20l 6 �/.� _ �"�L, �
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