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<br /> • x . 70GETHER WITH all tha knprovements now or hereafler erected on th� prop�rty, �nd all ws�mmtr, �ppurlM�nc�s. �nd
<br /> ; . -,,� :� fbcturas npw or hxwRer a part of the property.All replacements and addRbns sh�ll al�o b�covK�d 6y thle S�curAy in�lrumenl.
<br />' All of t�a forpoing ia refxrsd ta In this SscurRy Inatrument aa the 'Proparty," �
<br /> f � � . � BORROWER COVENANTS that Borrower Is kwfully sei:sd of lhe sstate hsreby conwy�d �nd h�� th� rlphl lo pr�nt �nd �
<br /> _ � • convsy the Property �nd that the Pro�erty Is unencumbered, excapt for sncumbnnc�� ol r�oord. BorrowK wuru�t� �ntl wIH '
<br /> �:: ��° dNend psn�rAlry ths tkb to th�PropKty�W►Inet dl claMs and demands,subJect lo any sncumhnncsa of r�cor�. �
<br /> _ �, THIS SECURITV INSI'RUMENT combines unMorm covanents lor nalional use �nd non•unMorm cown�nla wRh Iknked
<br /> r� •• � varlatlons by Jurfsdbtbn to conitRut�a unMOrtn securky Inetrument covainp real propsrty.
<br /> ,, " " : UNIFORM COVENAN7S. Borrower�nd Lendx covenant end ayree as folbws: _
<br />_ ,_, ; � 1. Psyment of Principal end Intereat; Prepayment end Late ChArges. Borrower ShaY promptly pay when
<br /> due ths principal ot and htsrest on the debt evidencsd by lhs Nots�nd eny prep�yment and kte ch�rpes dus undsr the Nou.
<br /> ' 2, Funds for Taxea end Inaurance. SubJect to epplbable lew or to a wrkten waNar by Lender,BnnOwer shell pey Q;
<br />�� � to L�nder on ths day monihty paymer►te are due under the Note, until the Note Is pekl {n hdl,a sum("Funds")for. (n) yoarly �-
<br /> ._^qr:;r taxea �nd aesesaments wh�Ch may �ttaln prbrky ovsr thls Securky Instrument as a Ilen on the Property; (b) yeary basohold
<br />��_ payments or pround rents on Ihe Property, M eny; (c) yeary hezerd or property hsurence premiuma;(d) yearly fbod hsurence
<br />_; premlums, B any; (a)yearty mortpape Insurance premiums, N any; end (q any sums payable by Borrower to Lender h eccordance
<br />,�3�► ' wkh the provlsbns af parapraph 9, h Ibu of the payment ot mortpape hsurance premiums. These keme nre cQlfed "Escrow
<br /> � Items" Lendsr may, at any tkne, aolbot and hold Funds in en nmount not to excsed the maxknum emount e lender for e
<br /> ° }edenly rekted moRyaps loen may rdquPe tor Borrower's escrow sccount under the federal Fieal Eslate Settbment Procsdures
<br /> � 'r "�' , Act of 1974 as amended hom tMe to tfine, 12 U,S.C. �2607 et seq. ('RESPA"), unless enother Isw Ihat epplles to the Funds
<br />�a+•?�.i�+'� seta a kasx emount. If so, Lend�r may� et �ny time, colbct and hold Funds h an smount not to ezceed the bsser amount.
<br />`"��xa'y:.�:., Lend�r may eetknate the amount ol Funda due on ths b�efs of curcent data end reasonable estimates of expendkures o} luture
<br />:.i_'•. .
<br />?�:""" • � Escrow Itsms or otherwlse In eccordance wRh appl�able law.
<br /> -'' .;`''�'`, The Funds shall be I�etd In an fnstNutbn whose deposRs ere Insured by a federal epency, fnstrumentality, or entfty(hcludhp
<br /> s`'`'+� ' J' Lender, M Lender is such an instkutlon)or In eny Federal Home l.oan Bank. Lender shell eppN the Funds to pay the Escrow
<br />�5.�..': ,,..
<br />=-�'�,r•:... Items, Lender may not cherpe Bortower(or holdinp and applyinp the Funds, annually enalyzi�8 the escrow account, or verHyinfl
<br /> yr:��;.f.��S� � tY�e Escrow Items, unless Lender pays Borrower fnterest on the Funds and applVcable law permNs Lender to make such a
<br />�;F�" " cherpe. However, Lender mey require Barrower to psy a one-timo charpo for an Independent real estate tex reporting survke
<br /> ri .y� used by Lendar In connectbn wRh this Ioan, unless applfcable law provides otherwisa. Unless en aprdement Is made or
<br /> s,�`S,�';,�i�.iai
<br /> �r pppllcabie law requkes Interest to be paid, Lender ehell not be requked to pay Bonower eny interest or eaminpn on the Funds.
<br />-r. ..,��. Borcower end Lender may agree in wrrihp, however, thst interest bhall be pald on the Funds. Lender sh�ll gNe to Borcower,
<br />�++� � ' wkhout chupe, en ennual accountinp of the Funds, showho credks and debks to the Funds end the purpose br whbh each
<br /> .,•.��'.'.
<br />�i';,li : debk to the Funds wes made. The Funds are pledped as addRbnal securky for all sum�secu»d by the S�curity Instrument.
<br /> � ":,,,;.: �i It the Funds held by Lender exceed the amounts permkted to be held by appibable law. Lender shall accouat to Bonower _
<br />_-±�.;'.
<br />�,:._,,,�.,. for the exceas Funds fn accordance wkh ths nquk�msnte of applbable law. If the amount of tha Funda hNd by Lsnd�r at�ny
<br />�"�"; tYne la not suftfcbnt to pay tha Escrow Items whsn dus, L�ndar may ao notMy Bartower h writhp,1nd, fn such cass Bonower
<br />- � �� • shall p�y to Lender the amount neceasary to make up the defbbncy. Borrower ahell rtuke up the defbMncy h no moro th�n
<br />-��,���R-� � twslve monthy peymenta,et lenders sole discrotbn.
<br />�, ����.�, Upon payment In tull of all sums secured by thls Securky Instrument, Lender shall prompty reNnd to Borrower any Funds
<br /> �x�•�:.+; held by Lender. If, under parnflraph 21,Lender shall acquke or sell the Property, Lender,prbr to the acqulskbn or sab of the
<br />-'��:�� , =���• o, ..,. �.., ti F����s ry��1 hy Lender at the tfine of acqulskbn or sale as e credk apalns!the sums sscursd by thls
<br /> ri:,,r:'✓ :'- C�w.�� 9...!3pr., S.^.j •
<br /> �=Y.-�_...;
<br /> _ „s• SacurRy Instrument.
<br />—''��`�-�����. 3. Applicetlon oi PsymenU. Unless applbable law provides otherwlse, all payments reCehred by Lender undsr
<br /> ;�.�rL.',
<br />- -=-��!�:�, paraprapha 1 end 2 shaN be applbd: first, to eny prspayment chupea due under the Note; aecond,to amounts psyabb un
<br />����y� perayraph 2;thkd,to Interest due;fourth,to principal dua;end last,to eny late charpes due under th� Not�.
<br /> - � 4. Ghe1'qES; LIe11s. Borcower shall pay ell texes, neseasments, cherpes, fines and knposkbns anrbut�bM to the
<br /> �+�'��"`"� Propaty whiCh may att�h prbrRy over this SecurRy Instrumsnt, end IsYSShold payments or pround ronts, H sny, Borcower ehall
<br />�+�ssa��!:-� pay these oblfpations in the manner provided in paraynph 2, or M not pnid In that manner, Bonowar ahall pay thsm on time
<br />,�;�� dkecty to the p�rson owed paymMtt. Oortower shall prompty lurnish to Lender aN not�es of amounts to be paid under thb
<br /> --.�S��,it�,� Panpnph. If Borrowsr makes these paymente dkecty, Bonowar shell promptly furnieh to Lender recepts evid�nclnp ihe
<br />_-,.,_,.:s�a Paymrnta.
<br /> Borrowsr shau prompty dlachuQe erty li�n wh�Ch hee prbr{ty over this Securky Inslrumsnt unbss Borcower, (�)�prNS In
<br /> �_�.��� wrkinq to th� p�ym�nt o} th� obllpation 6scund by th• Ibn In a manne acc�ptabN to I.endu; (6)cont�ets In pood hBh th�
<br /> — — Nen by, or dN�nde syalnet snforc�rt+�nt of th� If�n In, Mpal proeMdfnqa whleh In the Lsnder'e ophbn opsr�b to prewnt the
<br /> �----��--�-- �n}orcen�nt ot th�Ilrn; ur(o) securea hom th� holder of the Ibn Rn�prsernent s�tlst�ctory to Lende► subordlnathy the INn to
<br />-"'-""''" thfs S�r,urRy Instrum�nt,If Lendsr determines th�t any p�rt of th�Propsrty Ia subJ�ct to a Iien whbh may�ttain prbrity owr thf�
<br />�""�'°�`3i° SeCUrRy Instrument, Lender may pNe B�rrower a notiCe IdentHyinp the Ilen. Borcower shall satbty the Ilen or take ons or mors o}
<br /> --- - �T`,�� the octbns set forth nbove wkhfn t0 d�ys o}the ON„G of not�e.
<br />�''�?� 6. Hezerd or Property Insurance. Borcowa shall keep the knprovements now oxistlnp or hKeaftK erect�d on thv
<br />--:-�i'??�" � Property Insursd epafnst loes by ffre, hezYrds Included wRhin the term "extended coverape"end iny other h�zarda, fncludinp
<br /> � fbods or fbodinp,for whbh Lender requkes hsurance. This insurenco shall be meintnlned fn the emounts end for the perbds
<br /> -�:.:`i:''�k.,
<br /> ,.�*::�:�y that Lender requfres. The inaurance carrfer providing the fnsurence ahall be choaen by Borcower sub)ect to Ltndar's epprovtl
<br /> "'�'`"'"��.�4,.-:' whVch shall not ba unrsasonably wkhhetd. If BorcowK falls to malntnin coverafle dascribed above, Lender may, it l.ander's
<br /> � '�� optbn, obtaln ooverape to protect Lender's rqhts fn the Property fn accordance wRh pereqraph 7.
<br /> y '��~�; All in6urance palfcles and renewds shall be acCeptable to Lender and shnll Include a standard mortpnq� akuce. Lsnder
<br /> ���r.• , ' shall have the rqht to hold the polbles and renewals. If Lender requkes, Bortower shall promptty pNe to Lender all recefpts of
<br /> �:�.:..�,_: .,,. � pald premlums and renewal notfces. In the event of toss, Borcower shall pNe prompt not�e ro the hsurenca arcler end Lender.
<br />- • "� < . Lender mey make proof ot bss M not made promptly by Bonower,
<br /> • Unless Lender end Borrower otherwise epree in wrAhp, Insurence proceeds shall be applied to restontbn or repak o1 tho
<br /> � Property damayed, M the restoretbn or repak Is economfcally tsasible end Lender's ser;urRy Is not kssen�d. If the rsstoratbn or
<br /> Y repak Is not economicaly feasibb or Lendar'e seaurRy would be lessened, the fnsurance proceeds shsll be applied to the sums
<br /> . secursd by this Sacurky Instrument, whather or not thsn due, wRh any excess pnld to Borcower. If Borrower abondona the
<br /> r• Property, or does not enswer wRhin 30 days a notlCe hom Lender that the Insurance carrier has offered to settla a clakn, then
<br />• ;t Lender mey coltect the insurance proceeds. Lender may use the proceeds to repair or restore Ihe Property of t0 pey Sums
<br />_ . � secured hy this Security Instrument, whother or not then due. 7he 30-d8y perlad will bepin when the notke Is pNen.
<br />- ' � F Unless Lender and Borrower olherwise agroe In writing, any appliCStlon of prqceeds to principel shall not extend or
<br /> ; t postpono the due date of the monthy payments referred to In parepraphs t end 2 or ohanpe the amount ol the payments. if -
<br /> ' � r^' under pnreyreph 21 the Property is acqufred by Lender, Borrower's rqht to any insurence polk;fes and proceeds resukhg (rom
<br /> • damaye lo the Property prWr to the acqulsklon shsll pass to Lender to the extent ot the sums by lhls SecurRy Instrument
<br /> immediately prbr to the ecqulsitlon.
<br /> 6. Occupency, preservatlon, Meintenence end Protectlon of the Property; Borrower'a Loen
<br /> �--._ �.�..������.�... �����hnld� RI�II/1WAf ehall nr.r.unv.astatlish. and uS0 �hB PfOpBRY fl5 BOROwEr'S princfpel residence wkhh
<br /> - -------- rylp�wau...q r..........�.�-- --••-•--' -
<br /> sbcty days efter the executbn o1 this Securky Instrument and shell continue to occupy the Property as Borrower's pnc�l�ai
<br />- . � residence tor et least one year nfter the date of occupancy, unless Lender otherwise eqrees h wrdine, whfch consent shall not
<br /> be unrensonably withhe�d, or unless extenuatinp Circumslances exist wh�h are boyond Borrower's control. Borrower shflll not
<br /> - - destroy, damage or lmpair the Property, ellow the Property to deteriorate, or commk waste on the Property. Borcower shall be h
<br /> _ defauR if any forfekuro ection or procead(ng, whether civfl or crimfnal, is begun thel fn Lender's good faHh Judpment Could resuR
<br /> � in forfelture o1 the Property or otherwlse mgterially impak the Ilen created by this Security Inslrumenl or Lenders security interest.
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