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<br /> TOGFTHER 4�►(TH Q:! the imprcvemants not+br �ereaft8r etected on the proparty, and aU essam�nts, appurtenaneas, tsnd
<br /> � tcaures norv or here3fter a par4 of tho prop�rty. AU reP�=cem�ts and add�tons shall also be cavered by this S,.cu�y inswmant. �
<br /> � � . Atl ot th9 torogoMg is re'.sned to in thts S3curity InsUument as tho`Prop2rty.' � ,
<br /> 84faROW�i COYENANTS thrlt 8ortower Is t3�uNlly sof�d o1 the BsR�te hareby eonveyed and has Me right to grant and 0 '
<br /> convay ths Propsrty end that tho PropErty is unEncumbarc;d,exeept tor encumbranees of reeord 8arrotixer warrants end w� �
<br /> . d�ian�gsneral,y the t3ia to tRa Propafty ag�tnst a0 ct�tms nad d3rn3r►ds.su4;�:t to any encumbranCes of record. �
<br /> ° TI{!S SE�t;R1TY INSTRUMENT Combin� uniiorm covanant9 4ot nattan8l us0 end nOmundarm Coven3nts with I:mP,ed �
<br /> ` varfations by jurtsdiction to consti;ute a unitortn socur3y tnsCument eQV2ring real property. � ,
<br /> UNIFORVI COVENANTS. Borrowar end Lender covEnant and agre3 as foCows: �
<br /> • � 9.Paymeret of�+rinci�a� and In4er� RrepsymeM and Le4e Chargaa aorrowe�sna�+promvur aay waen �
<br /> � ' due the principal ot and tnterest on th9 debt evidsncsd by tha Note and any prapsyment and Iate charg9s duo undsr the Note. .
<br /> i 2.IFUt1dE 40!TBx�°S S!'id 1118iLiSliCQ.Subjvct to applicaDte 4�t�or to a vrr�ten eraiver by LendFa',Borrol�er shaU pay , �
<br /> ' i to L.ender on tho d3y monthty paymonts are Qua under th3 Noto,unU7 tha Nota Is pa3d in fu0;e sum ("Funds")tor. (e)ye�rty .
<br /> � .- taxes end asssssm;nts �vhtch may atta�► psiori2Y over thts 32cutfty Instrumsnt as a i:rn on the Pro{sarty; (b) yeatly t2as�hatd �
<br /> � . � paymsnts or ground rents on the Property.i!any: (c)yxazry ha�srd ar propsrry insuranCe prem'.ums:(dy yesriy fAOd �nsuraaca -
<br /> I pr¢miums,it any: (e)yesrty mortgs$a insurance prem�ms,i1 eny:and (�any sums payabta Dy Borrov�er to Lendsr in 8ccordance ;
<br /> ' with tha provtsE�*ss at paregraph 8, m 1'�eu of tha paymsnt of mortgago tnsurance prem�tms. fhese items tue ca��ed 'Esarov�
<br /> - � �� IYems" Lend7 may.at any tana, coCect and hotd Funds in an amaunt not to exceod the m3x6num amount a iander for a
<br /> tederalty reiatet c;�rtgag� aan m3y r6quEre for Bnrrouafs escrow accouM urtdar the fedaral Reat Esmte SstUemsnt Frocedures ' .x_:.
<br /> ' � l3ct of 1974 as amanded from tirtsa to 6rra.12 US.C.�2"001 et ssq. ('�:SFA"), unk�.,ss enother taw that appFas to the Fands -
<br /> � s�s a t6sssr amaunt if so,londar may,at any tima.coi�ct and hofd Fia�s in an amount not ta ezcesd tha Iasser emount
<br /> . " . ��j^-�r m�y sstimata tha amount af Funds dus an the bss3s of curtent a�.�nd reasonabY�estimates of expand�uras of fuwre __
<br /> • Esw�tv(tems� ztt►ervrise in aceordanca�v�1r�r•t�caba law. ___
<br /> ' , ;hs F4;,.w a'all be held tn en institutica�c'-�a dsAosits aze msur'�b,;3 fedEr&I&gency.InsVums,-.,^-��.::+;-ar entr�y('mctuding
<br /> is�rt3r,if Ls-;s is such an insh�ddtan)or��• fsder8l Home Loan F.a.i!c. lsndar shati eppty fhs Fu-�s'7 pcsy tha Escrotiv , '�;:
<br /> . ,_;�•• � i;em�.Lsndar may not charg9 Borrov�er tor hoid;ng and�^'yin�tha Fc:'+s,annu�iy anatyz[ng tha esoro�rr a�.aun:.c-�c�^'y�g •��
<br /> � :'!`=.� ' � 2hs Escrow items. uni0ss Lender pays Borrowar interes`: �* tRe Funda end appGcabs taw parm�ts Lender to r..=:� sur'f e �•.';s,
<br /> ',A11:• • ,:=
<br /> t ih�ga However, Lendar may raqu6e 8orcower to pay a or.�se cht�a tor an indepsndent real esfate tax reAnr�� s�ti'�e •,..._
<br /> . ' usad by tsr•C=.r In eonnectian wfth this Iaan. untess app!'s.abte la•r� ��rm.das othanr+tse. Unie3s en agreement Is r.sado c� .
<br /> � . _ gpp��gp��g�y r,��g Interest to 6a pstd,Lendet shatl not be�equ{teo ta�ay Borrower any interest or esmlrtgs on the Funds. , "
<br /> � 0ortower and �endat may agres in vrriting, howaver,that tntsrest sha(i ba patd on ths Funds. Lend�r shail glve t� 8orromrer. �.+�
<br /> ''`' �v@hout charge,en ear+ual sccauntfig ot Me Funds,ShOwe+�C�8dit8 8fld d�31S to the Fu1tdS 8itd the purpOS9 f0t w!:!�,w 9aCh `'''�=
<br /> � ��t to the Funds was made. The Funds are ptadged as a�d3ional secur�ty tor atl sums s�ured by the Sscurity�ns�im3r ��',s_-•
<br /> • .i :f the Fur�s heb by Lender exceed the amounts�c�i�.d to ba he;d by applica�(a lavl,Lender shatl account ir �::rower =�.
<br /> ,�4 tor ms m�ers��unds tn accordance v�ith th���ulremar:s c�aqplz:ab:s tavr. It tha emount of tha Funds'•`.a:�by Lender at any •,xe„
<br /> • '''' a is not.....c8nt to pay the Escrow Itw^-s � 'tan Cc_ Lendar may so notdy Borrovrst in vnfting,anQ i�saeb case Borrowar
<br /> � �.,.T l.., �;, b� (�!��1��_
<br /> . �, shall pay to��er the amount necessary:r :n�::a c��deffefency. Borrower shatl make up tPse d2Rcie:zcy in no more then :_;�_
<br /> - Lvretva moMhiy payments.at LenM-r's so�a disc:siton.
<br /> � $ Upon payment in futl of al sums s�ured by this�,:�iiy Inshumant,Lendet shell prompUy retund to 8orrowar�mf Funds �`
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<br /> , :, � he!d by I�rrdar. It,under paragraph 21.Lendar shall a�ic'o or sell the Proparty,Lendar,prfor to ths acqutsitlon or sa�of tha -�
<br /> Proparty,stT,�i: appty any Wnds held by Lender at the tcne ot acquistttnn or sala as a ered�against the sums secu�d�tr;�h3 __
<br /> � • .. � SeCUt}1y tn�W-^�3�i. -
<br /> 3. A���>>wE�i011 04 Paymenta. un�ess 8ppiiCable IaYV proeiC� othenvse, flil paymeMs recekad by l.enIIer .:'9et
<br /> ,. � peragraphs t and 2 sha0 ba appi;ed: flrst,to any prepayrrtent charges ct��e undor the Note;second,to emounts pay::-..��ndsr
<br /> • �� �eregraph 2;third,to tntorest dua;tour4h,to princ(pal due;end tast, to any iats chargos dud under the Nota =
<br /> . � ; 4. Chargea; Uena eorrower snau pay an �xes, assessm�ts, chargas, fi^cs and Impos�[ons attr�u�� :� tha -
<br /> . . ,r-:oparty v�hkh may attatn prioriiy over this Securiry InsVUment, end �asehotd payments ar ground�ents,fl eny. E:,:-�rr�r shall
<br /> � pay thase obitgattons in the manner provlCu3 tn paraSraph 2, or i! not patd �n that manner,BorroY:�r s'.^3:1 pay:�a-..an tL�na
<br /> . � dUectty to the p�rson owed paymant Bosorlar shatl promptiy tumt�h to Lender atl notices o!ama�Trts°.^�o�-� .r�or thb
<br /> ' .ti_` paragreph. It 8orrower mafces th65e payrtssnts d'roctfy. BOtfOVlBf sha0 promptty 4umish to Lendc- �enn.~,.ts e:^°.>.^.Ug th0
<br /> s. payments.
<br /> � �aaa" 8onower Shall prompt�y d'scharge 8ny f�n whkh h,:a:J�Jrity over this Securityr instrument uni0ss Borrcwer: �°•cs�'3a3 in
<br /> • ` y' • vrtiitr►g to tho paymEnt of tna abt'gatton secure0 by the I�e, T a manner acceyTable to L.ender: (b)contesta In BoW2!t:,3h tha
<br /> '� Gan by, ot d4ar�,s agaEns!en}orcement of the lien tn, legal procsedings e+h�h in the Len�ets opNton operate to prevent 4hn
<br /> - � � �• entorcement c:��ha I`sn: ot(c)socures from the haider af the flen an e,,�rsrment sattsfactory to Lender subatdinaUrtg the Ilen to
<br /> thb SecurTy Instrument I}Lender determ§�os that any part of the P�operty i� subjaet to a 11en wPdch may attafn prtority over this
<br /> � � � Secarly tnstrumsnt,Lend�may g►+re Bortowor a notiee identJy6�8 the lfen.Bonower shatl saUsty the lien or tako ona or�nore of
<br /> � ths acttons sei toRh abavo witAin 10 days of tho g:�.in8 af noUce. ___
<br /> . ' S. H3idf� or Property Irtsurancc. BarrOVrttr. �'�SO k�7p th9 Improvements now w�tst#ng m hete8ftet c��r�on th9
<br /> ;,;_ , Rroperty insured agafnGt toss by f1re, ha�rds tnctuded wr'.^.� the term'extendod coverago'and any ¢thor haa.-"'�.�ne@�d�p -
<br /> � • fbods ot tioodhg,for vihkA Lendet raqutres tnsurtutCe. This insurence SA80 be maNt&Ined N the a�"rr:r:3 flnd br the pOriods _
<br /> •,:{, . that Lender requYes. Tho Insurance earrler praviding the tnsutanCe shall be Chosen by Borrower sub,`ect to LenQe�o approvel -
<br /> • whicfi shsil not ba unreasonebiy withheld. It Borrower tai�s to mafntaM cavamgo descnbsd abova, lender may, .�.t Lendefs ='
<br /> - ` � �., optton,obtah coverage to pra:�t Lend�s rlghYS in the Prc�afi/tn acccrdance wfth paregraph 7. i
<br /> • Ail insuranao polkk3s end renevrab sha0 be accep:�i��to.lender and shall �etudo a standard moKgaQe c1a:�a. Lender �;�._
<br /> � � � shatl hav�th�rtght ro hotd th� pol!Ck�s and renev�als. If Landar requlras,Borrower shali prompty give to lender a0 racelptF o} s-°
<br /> E_
<br /> . : patd prom`u-r and ronewal nottees. in Mo mrsnt of toss,Borrower shst:�:vo prompt not�o to tho lnsurance c2rtbr end Lendsr. __
<br /> � . � Lende�r rr�7 cT►`:ce proof of toss tf no1 mad�promptty by Bartovmr. —
<br /> � Untoss Wndot Md �ortower otharwLso agree tn writi�g,insuranee proeESOds ShnU be appl;ad to rostora8on or reRatr ot th� �:--
<br /> . - ; . �._,-
<br /> : � P-�perty damagsd,B thfl restomttan or repaU is esonomta_i�feastbb and Lertdefc seCUriry is not fessened.I}!hs rc:ti�,�:ior►or =;:_
<br /> �opa'u is not oconomically/88sEbie or Londefs seCUrity Kt��d bo lessoned,ths tnsuranco procoeds ShaO be appl�d C��.e sumfl �;....-
<br /> � s9cured by thi� Seeurity Instrumsnt, v�h�;r_r or not ihen due, with eny excess patd to Borrovrer. il 8orrowat eyc Gons tha �'a'
<br /> ? Property,o�deas not enswer wfthin 30 tr�s u notko from Lender that 1ha fnsurence curtier has o":=s.a9 to settl9 a ealm,thfm K"°�`'
<br /> . Lend�r may coltect tha insumnco pro����. Lendar rtr9y use the proceeds to ropatr or restora�.���.,erty or to pay surrs �'::
<br /> securod by thi3 Socurity insirlr.r.r.t,vrho:��r ot not trton due. Tha 36�day pErioO vri:l bogin vrhEn 4.'.��^�'��^.�t3 pb�an. ti;,f,-
<br /> Un�ss LonQcr artd F�:-^.r�.�x otharwlse agres i� �::-�ting, any nApUCatlon ot pros�tds to pr;-�:��! shs:i rtat: �s�rd or :,j,,G;
<br /> �astpona tho du�dcto of +i�e ^�nthiy paym=:nts rc'�.^�r,nd �a tn paragraphs 1 and 2 c� :�cnQ�th�c-�aunt of tl-o�>e,•r�:�-f�.If :;.,:�'"'�:
<br /> � �:�2cf pe'y.,�h 21 tha F:t rty r aCQute�by Lend�-, LartotvofS tight to eny inS:::�:�::a pO1;C(83&.� yt3so3'`•s��'�:1fe�3`C� .'-''�'_
<br /> �.;m2gp ty _�n Propertq priar to tha acq�:tr:�i Shui! puss to Lendv tw tho outent o1 tha sums ��� �"� .G.e"�.'�,� +�y��a-t � .
<br /> immedat:,:,��:ar to tho acqutsttian. • •h
<br /> � 6. Oecupancy, Preservatlon, Malntenenco end Protec4lon of the R►operCy, �1.7�QLv�C^r.� I.oa�o
<br /> � � AppNcaUon; Leaseholde. 8oaowsr shall occupy.astabtish, and uso tho Ptopofty a3 Borrowors ptU:a:;a�wiir�'co vii�h?n �
<br /> 56Ry d�ys aftsr tho oxvcutlan of thfa SECUriiy Insuum�nt and shail Conttnus to aceupy tho Propefty as EaTa��sr�rt3 prinClpal
<br /> � rcuEdsnce for E14 Ieast ono year aftar tha d(tte of occup2ncy,unbss lander otherv+iso agraes In vrritirtg, w�::cT Cor.;C:Y Sha!I not .
<br /> � , bo unrassonrzbty�lilhhc'd,or untsss exto��ating circumstcnsos o�ci�t v,hbh are bayond Borrorrcr's co��o�. Bortower shflU not
<br /> . destroy.damago or tmpaU the Propefty.�;a+��tho Prop�rty to dst�rato.or comm3 wasio on th�Prc^1�ty.Borrower shau tra tn
<br /> drfuutt tf ony foAa:Nro action ar proceod:ng, v,hsihaz civil or erlrr:�a►.is bepun that in Lenders good failh judgment coutd resu[t �.
<br /> • ' . N foQe3uro of tho PropErty or othErwise matcrizLy impab th9 l;en cra3tud by tNis S�urifyr InsWm°nt or Lend�fs seeur8y interest �
<br /> . , f19f0.L�1.0(t01IIII) Pago?ol 4
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