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<br /> � 99° ���� �'
<br /> -- --� .COtt�i.NANTS. �ao�rer r�ssl I.��r coveaant aad agcee as foIlows:Bormwer shaU pmmpSY P�Y vu�en dne the
<br /> � . 1. Papma�t of Pancipai aacl Hntsccs��paYme� and La�:�' nt aad Late c�ar8es dne�ader ti�e Nore.
<br /> � • prirciFal of aad inteiest on the de'bt evidenrxd by the Note aud a�Y P�P�Y� ader .
<br /> 2. Paads fQr'Tases a�Y�araao�. Subject t4 applicab2e law os to a written vdaiver by Lendes, Bormwer sLaU
<br /> � . • � PaY to L�ender on the day monthly gapments sie due un�er the Piote,unu'1 the Note is paid in fiill.o s�('FuIIds') .
<br /> e
<br /> . � for.(a)YeatlY m�ces aad assr�tents which may xttain pria�ity over this Secsity Iastrument as a lieia on the PropercY:
<br /> . . . . -,-• � (b) Y�Y leasehuld paYmeafs or grannd rems on the Property, if aay; (c) Ye�9�a�a�d oI pza�zrty ins�n,,,rE
<br /> - � piemi�s; (d) Ye�9 flood�ns[uance P�ums, if any;(e) Y�Y��Se lnsueance P�, if nny;aL+�(�affiY
<br /> ns�uaa g,in liw of tts� paYaieni of
<br /> -- : i snms payagle by Boauwer to I�ender, in accnrdaare with the pmvisions of paragmph
<br /> � ..� atnrtgagx insuuanse piemiums. These items are called°Fscmw Ieems.' Lendgr may,at anY hme,collecc atW hoid Funds . �
<br /> - -.. _._ � in an amuunt ttot to �aceed the maai�m am�nt a len$er foz a fed:aally telat� mortga8e loan may ieQuire �T�:
<br /> Bormwer's escrow asoaant nader the 5eder4i It�t Esis� S�id�ent Procedures Act of 1974 as aa¢ended fram time ��,:;
<br /> to ti�me, 12 U.S.C.�2fU1 et sea.(°RESPA°).r3nless anu3 hgr l a w t t�a t app li e s t o t h e F u a d s s e i s a le.sser amormt. If �;<<:
<br /> e "..1=:
<br /> so,I.sader maq.at�time, collecz and hnld. Fnn�s in an amount nat w exce�l the lesser amonnt. Lendsr may �:,_
<br /> - `: ,.!��'' , es7imate the a�mrnru2 af Fan�s dus on the hnss of cunens data and rr.�nable esiimates of eap¢..a�iitazes of fatore �_
<br /> %,'f •„<���t: ` ; e in accordaace va%dt.agplicable law. �`:.
<br />�:,:��:• . �.. . Bscrow Items or a�s =-
<br /> .�;•:.�:.f� • sits &re i n s�e� b a f e d e r a i a.g�q.m-�'�'�i t Y, ��L 9 �.
<br /> • •.ix:.�:,,.. The Fuads shafil be held'sa aa instibitinn v�hnse dego Y
<br /> .'�:c��,�� . :., f �8 a c '" I the Fai'.ds �-
<br /> ' .��.,�,;��,: � �c I.ender� if Lender is e�an i�2itudon) or in auy Federal Home Laaa$rnk.Lender .�.app Y —
<br /> : , w pay the F.s�mN Items. Len�er m�s?nvt �ar8e Bosmwer for holdiag and aPPlyiu�tis� P�:.�.��y �9�� --
<br /> , � hcable _
<br /> . i the escmw aa�nnt, ar verifyiag tiae G�za�Iiems,unless Leader pays Eoaower interest on�E�for an =-
<br /> . " law geanits I.ender to make snc?►a c�s:.� however.i.eader tnay reguirc Boaower to Fay
<br /> `_.3 secvice nsed by L.ender in conaetdon wit�h this 142a, �.� aPPlicable law "-�'
<br /> � indepsndent real estate wx n�saati�� tu 4se p2id,Lendei shall ust be -
<br /> ----- �-- ---f.`, � pmvides ath�vuif'x. Unless a��s��ent is made or applicable law requires inte� �$�a�+:�
<br /> 'f.�i;��tf ,; � �pay Eormtiver an�*i�r�est or eamings on the Fwssls.Boaoiver and I�ea:fc,may agree in wri . • �..__
<br /> � � that inDaresc sh�1�p�id an t��unds. I.sn�er shall give to Borrowar, ��out charge.an anm�.l acca� ���.• ��
<br /> ���� �_
<br /> � :''��� � Rands,shou+ing sm�it�an��3�t� to the Fnnds and the pu:pose for w�ic3�each debit to the �� was made. Ttie %T_
<br /> , : � I Faa� are Pled�td �s additiau� serurity for nll sumu s� by this S�ui�3+ � ��
<br /> 1 Yfth�Fands heid bp L�t�e'�:eed the amonnts pemiitted to be heid bY aPP1�9TL. Iaw,I.enc.,s shali axovnt to
<br /> �' `�° � Boaomr for the eace�s Fun��accc�idance wlth the reqairements of applicable latv_fr�e amaunt af the F�fs heid
<br /> . j by Lender at anp tI�e is not s�eient to pny the Escrow Itr.ms when due.I.ender s,t�3 so ao�Eosm�rer in�cituLg.
<br /> and,in such cx�e Eamawu sbai!pay m Len�.er ths amwnt nxessarS►to ma�e nF the de�cie�. �3azower sball mnYe
<br />-. • � �� up the deficiencY ia no ffiare than twelve mu�thlp paym�nts, at L.ender's sole discieE�n.
<br /> • `:� U nn paqmeni in fuil of sil snms s�ei by this S�rlty Ins��e�. Lead�r �►�mmPtt9 zef�d to Bnrtawer
<br /> '' ' g or scll c'�e ?' I.ender. Pao�c:>� --
<br /> •.._r:,,., any Fande hEld by I�nder. If.under PazaB�aPh 21,L,endet stiaU acquire "�I�Y.
<br /> ;`�. ...},s`�N•. �: acqmsition or:.�le of the Pc+vpertY,s�a11 aPP�Y�Y Fwn�s held by Lender at the tin�af a�eqniddon or sale as a�
<br /> ngainss the smnE�txare� by this S�ity In.cttumeat. � received by L.ender under
<br /> . � 3. Agpliae�ian of Paymeds. Unless applicable law piovides atTa���e, aII payments
<br /> P�B�P� 1 aud 2 shall b: �lietl in the following order. fust�r� ;usY nePac�ent charges dae under the Nore;
<br /> � �- sz�nsl, to amonnts PaYabie au�r pataSraPh 2;third, to inr.erest dae; fvuith, Ca IT�ciP�1 due;aa�1uss,w anY late
<br /> cl�tges ctue under the ISote.
<br /> ' 4. C�arg�v; I�a�s. Bormwer sball p�fo� all of Bomower's a�3i�.tinns under any mortgage. deed of uvst or
<br /> � . • I other seWriry�e�ment with a llen which has prIorlty over this Secu�t�Insorament, includin8 Barrower's covenants
<br /> . - to m�1ce paymenss cv2�en due. Any defanit by Sosower under any sach mortgage, deed of n�caase ��
<br /> � . . : a�ement sba]]be a default under this Securiry Iasmtment aad the Nou. Ba�rawer sball pay L"�
<br /> wxes,a�mtnts anA other c3usrges,flnes aad imposidons auribwable to the Property which may attain a gACr.�'s�r over
<br /> this Secuiit9 I�suument, and leasehold paymenia o:ground rents,if any. Bonower shall p�y ttiese obligatior:�cn the
<br /> manner provided in Patagraph 2,or,ifnot paid ia that manner, �onower shall paY them on tlme ditrctly W tbe pe�son
<br /> - '� oNad payme�i. Borrower �haU promptly futnish to Lender all notices of amonnts w be paid under this pat�gtaPh
<br /> ..,.. !f Doirnwer makes these psiYments directlY, Borrower sball prampily fumish to Lender rcceipts evidenc'sn8 the
<br /> . payments.
<br /> S. H�d or Pcopeaty IaQnanoG. Bono�vei sbutl keep the impmvemenfs now exisfing ar he��Rsr e�d on
<br /> �. ' ,' � , the Pro�ertY ins��1 a8ainst loss by fms.t�azards included witbin the te� 'extended cove3age'and any other baaards.
<br /> •�:�.., incclnding floods or floodin�,for wluch Ix�er res�uires insurance. This�i�,�•� shall be muiaminrd in the annonnis
<br /> . .� e
<br /> �''._`�,�� .. and fot the periods tbat Len� requins. The insnranre canieY pmviding the insurance shall be chosen by Bo�wer
<br /> +'+r.
<br /> �:Y'.f•��f' � �
<br /> .:,�t:1�� .� � sub�eci w Lender s appmv4l ahich shall not be unreasonably withheld.If Banower�:Ss to maintein coveraSe�xscn'be�i
<br /> .� . '. +� � above.l.en��Y,at L.ender's option,obreia coverage to proteet Lender's rig�ra the Prapertp in aoect�: wlth
<br /> � h T_
<br /> ;: P��iasa�:� Pollcies an+d rEnewals stiail be acceptable to Le�te? �.d shall ir.clude a sr'..��� �ortg�3e clan�.
<br /> ' Lrsscir� shaU bave the ri�s to hold the polisies sud reIIewals. I�;;rr�t.er re�:ir�, Borrower s:�,.Y.��ia glve W
<br /> �.;��,,�,+;,;� ' } Lc�de:aIi receipts of p�d�r.alsiums sud renewal aa6.s�. In the evers of los�.�.r_-��xrer shull give�r�,,w- r�itce to i-
<br /> :�;;; p
<br /> '..�:,,.,?�°.;, . . . ti�� insuraace �..'-►ier aa3 t�:mi.r. L.ender may mstk. �;rocf of loss if�ct mzdc �.:m�•tly by Borrower. �.
<br /> , ;I Unless Leralces ur,�B�rroarer otheiwi.v,.E�ree in writins,aaY ins.�.r•��^ce proc�°..;� E:�:1�e�.,,r�d fizsi to reimbaiss _
<br /> . � Lender for cas�aad eapenses incurred in o,;nnection wirh obtaining:►u��such i�-anoe prac�.�d'a,3nd then,at l.endefs -
<br /> �`�;��::.. opSon, in such order and pmpordon as it may determine im lt5 SOiC 8�d Sh5/Lb:.�� discretian, and regardiess of anq
<br /> `;+'::.' impaimment of s�nriry or lack themof (i)to the sums see:ured by this Secar:� ��nent, wheth�r or not then da°.
<br /> .� aud to s¢ch compoaeats thereof as Len�er may deteimiae in its sole ead�sclur.� discnetion;aadlar('�i)w Bo�
<br /> �P�Y the cons aad eapenses of necessar5►nDairs or ressoiation of c�Fr�pertp to a condidon sa�facWry W I.ender. _
<br /> If Boirawer a6andons the Property.ot does aot saswer within 30���s a nodcs fram Lender tbat t�e iusurance cartier
<br /> _ has offc.re� to settle a clsim. Lsnder may collcct the iasuraace �srvoecds. Lender m�y, in its sole and absoluu
<br /> . as
<br /> � � discredon. and ngardless of any impaument of security or lack thereaf. nse the prasx�ls to :epair or rtstare
<br /> . Progerty or to pay the svms eecUred by this Sgcuriry Inswment. whether or aoi then due. 'R� 30-d�y period will
<br /> � 6egin when�e aotice is given
<br /> . . . r� �BA'��oct�e� �►.o�� J G � �(� � � -
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