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<br /> � _ ��Jm ic;�.��l.� � :;. . ---
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<br /> BORRO�V@R COVENANTS chat Borcawer is inwfully scised of the estatc hcrcby canvcyed un�i h�s tt�Q r18ht�° � ` .
<br /> g r a n t u n a w n v e y t h e P r o p e r t y a a+d t�t t h e Pco pert y is unensumis�rc�. except for encnmbrances of recosd. Borro�ver ; ; .
<br /> ' � w�ts and wiil de t'en d gen z m l lY t h e tide to t7ie Fropeny aBt4is�s1 n�1 clnims an d dcmun da. �u b j c e t ro r.s►y c n r.u m b m n s�.� � �?.
<br /> of record. i z� ' .
<br /> , . THIS SECURJTY 1NdSTR AM oN�nstiru e�a uniform securiry ts�for��uflcovcrinQ eal proper�rir. �►��r.an u �v i t h
<br /> limited variadons by J�ans
<br /> • 4
<br /> � UNIFORM COVEIVANTS. Borrower and lxade�' cone�t �nd agrez as foU,o�m due tlie princiF'� of•Pnd interesq S
<br /> - — - 1. P� of PrI�iPal+tat� and La�e(9�s�€-» 8arm�rer shall PaY �i --- -
<br /> � � an,the debt evid�aeed by the Note an.d late c�Q1��e B r awm� shall include in each maa�t�lY R�Y��t• - _.-��-:
<br /> 2. Ma�hh1Y Paym�t of Taa�s.Ins�►�e+ Q1 er ..�,
<br /> . - �- and interest as set forth in the Note aad any luta charges, a sum for(a) tt�es an� s�ciaD _`��
<br /> together with ths priacipal the ProperiY. (b) leasehcsld payments or grnaad cents an[h: ProPertY•aad �9�-
<br /> � assessments levi,ed or to he levled against e -
<br /> (�) Premiwns fur insvrauce recluired uader paragraph 4. In any year in which the Leader mus� psy a martgage `�.�-r^..
<br /> of Housing aad Urbaa �evelopmeat (°�ecreta�y°),or ia any year in whi c h suc h
<br /> insurr�nce premium w the Secr�Y =
<br /> u n _
<br /> if L.ender still held the Securiry In�tcwn�t. each monthlY Pay'm�nt s�all aLso _
<br /> premium would have I�eea required � remium w 6e pnid by L ender to the Ser,�etx�Y• or(ii) a -_
<br /> _ . inciude eisher: (i) a�va►for the anauai mortgage ��if this Secvriry Insuument is held by t�rs S�cretarY. in a
<br /> � monthiy cbarge instead of a a�ortgag� iasuiance P for the awnthlY charge bY the S�Y, th�se items �':�::_-
<br /> �easonable azao�mt w be detezm�ed by the S�cr�asY• �Pt :-__
<br /> are called "Escrow Items"and ti� sw�s paid w Leader are called "Ess�o�v Fuads." ate amouni na: co exseed the =
<br /> ��� �� ixnder may,at zn.?r'�e,�llect and hold amaunts for Fscrow Itoms in an aggreg �=�
<br /> ��.:, . ,,,aY;,�„r„ �c�.�.t -�.^�:t��be reqi.�.-�..' for Bornower's es�row�ccatmt tmd� e�e Real Estate S�t��as ��
<br /> '� . . ,. ��L Fart 35�0,as'ti.ey may b�zman�� from
<br /> '..--"':�' Act of l�?:�.�'���.�_g y501 et scti.a�3linpleme�nting regul�. _ --
<br /> - re u
<br /> ,;+ ��: .-":.?��r" tirae to arn�'.°�''�"'��'?.exc�t tbat :ae wshioa or neserve��iQted by RESPA for u�:::��atQd diah�menu or _--
<br /> t l i s b u�e n i s befc:e�:�Botrower's payments �..�.�r.�7able in the accaunt may not be�` on amaa:as due foT t�:
<br /> -`���° mortgage insuta�ace P�� `s..
<br /> '�''' If the amounts held by I.�der for Escrow Ite�excxed the amouatc perinitted ta be held by RE..�l4„�...c�a. der shall ��:__
<br /> '; '�h e ni _ _
<br /> b RESP�. If the amounta of fuuds held by lznd�r at aay rimE ��F,:'.-__ _
<br /> � ,.��;t, a�onat to Bflrrower for the excess funds as rei[u►red Y �-_
<br /> • �quire Bfl�ower to mak�
<br /> . • , are aot rr,:�.-ienE to pay the Escrow Items wtaen due, Lender mnF nuli�l thc Bntmwer sa.c�fi � --
<br /> �:.'��/. up the shc3ta,;e �s�mi�.".�d by RESPA. � �-,��is S�=:'� Instn:�rica.�.- If Bolrower -- -
<br /> :�,��;", �.`:i%'� 'fhe Escrow F�d:z:�:pletiged as additional szsurity for all sums s� W� ---
<br /> c�ail surb s�,Borrower's acxannt s':�'.Ii '�;.x:�'� r;'sh the bsL� mmainin8
<br /> . .;.r�„ tendeis w Lender tte fiil]:�aYruers� mort e insurance Pt�mium in�e�- ds:�Lerf".,�r L-�not become .
<br /> '�: for all iastaliment items ta),(b),ai..:�E)ar��►Y Sa8
<br /> ��� obligated w pay to the SecretarY.a�l.ender shall promptly c�aRmd any excxss fimdE U�I��•:r. I��1Y F�=� ---
<br /> • to a forECiosure sa2e of the Progerty oz its acquisition by Len�ler,TBwrowru's accaunt shall�credi:ed�:i�any bal�t�:
<br /> • � ' reinaining for all installments for it� (a),N),� (��•
<br /> ' , 3. Applicatioo of Paymeoffi. All paYments imder PaYagra�l�s i mid 2 shall be applied by Let��r a�follows:
<br /> IIId2I
<br /> ° FIR ,to the mortgage insurance pr�mium to be paid by l.ender to cLQ S�retnri+ or co the mo::�y charge by the
<br /> SeczetaiY insteud of the montbly mortgage insu.ranaE P�� oz ound mnts.and fu�,flood an�J oth�r ha7ard
<br /> . SF�OND, to eny taxes,special assessments, leasehold payuseats gr
<br /> . .. insu:ance Pt�miums. as t+equired;
<br /> � � H�IR , to interest due uader the Note:
<br /> -.:ti:�:. . �� O�URTH, w rmorti7ation of the principal of the Note; and
<br /> �;:, `:' , FIFTH,30 late chuges due under the Note.
<br /> .. -;- 4. Fue.Ftood aod OtLer H�d Ina�aoa Boirower sltuil�ins+urs all imp�vements on t'�t PmPertY•vthtthEr -
<br /> us
<br /> r ' now ia existence or subsequeatly erected, a8a�ast any haTards.aa.+vnttias� fmd contingeaciea. ir�,^u�Ing 5re,for whirfi
<br /> . . . �,ender requires �nsura�cce. This insurance shall be maintained in tho amounto and for th. p�inds that i.ender
<br /> l�enl
<br /> - require�. Boirower shall also insure all 9mprovemeats oa the PropertY, whc�her nm�v i�eaist�e or subsEquenfly
<br /> - : . er�cted, against toss by tloods w the extent required by ttie Sec�}'. All insurance s�a1l l:e c�rread witb wm��^i°v
<br /> ...:.�.:.'�'. � aPPro�ed by Lend�r. 'i�e insuraac� policies and any reaewals sball be hold by Lender �sd shall i�clude loss payahLs _
<br /> � ` 1 '�� clauses in favor of,pad ia a form aooeptable to.Leeder. f of loss if c�t -
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<br /> .,• -^.�. . Ia the event of loss.Bosrower shall give Leadrr immediate ao�ioe by e�mil. I�eader ms►y mafce P:oo
<br /> ^:.��. .' . . made piomptly by Borrower. F.ach Insuraaoe coa��y coacemed is hereby authorized and directed t�malce paym�t �
<br /> A�l. cr any galc of the insur�,ase
<br /> � for such loss directly to Leader. instead of to Bmrmwer aad to l�nder juintly. `
<br /> • � � p1�octods may be aPp�ted by Leader. as its option,either (a)to the raffuctton of the�ttednes�s �e t P�°�a�1
<br /> thLs Security Insuumeus, fitst to any d�lia4uent amounts applied in thts ard�+t in parafi�P
<br /> of p�iasipal. or (b) to the testora�ian or reQair of the damaged Prop�. �Y aPPli�on of tfi,� Dcooeeds to th2
<br /> rFa L 2,or
<br /> • P��P� �a���d or postpone the due date of the montlily paymenuu Nbich are refe�8 to ia paragrap --
<br /> ' cbange the amount of sucb payments. Any exe�s insuraace Procceds over an amouat required ta pay all outstaa�ding __
<br /> i �—
<br /> iadebiedaess u�der th° Note s�nd this Securiry I¢suument shail be paid to the entity 1c�aUy en:i���•�shss ���-
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<br /> • � In the event of foreci�sure of thls SecuritY lnsuument or othet trnn�fer of tide to the Prapetly !._�
<br /> . � :�. the iadebtedn�ss. all right, afle aas! interest of Botrower in and to ln.,cu� policIes In fa� s�ll pzss t,o the �_._
<br /> : � � ' P'��• ��� �� �d Pcotoct�on oi the Pro�e�tY� Ea�owtr'a Loan Applic�tim: `.,._
<br /> ... S. �,y. _
<br /> � � I�d�iss. Bo�tower sball xcuPY,establish.and us�the PropErty as Bosowei s princ3pai resld�ce arithin slxty days
<br /> aRer the execation �f this Ses.�arity Inslnament (or wi�hin siaty days of a is�ter sale or u�nsfer of t�ii=Pt'oPertY) aad s�a11 :.:.
<br /> 4
<br /> . . continue to acarpY �L*e Property as Bomow�r's principal residenoz for•at laast one ycar after t�x�'s of oocugaasy, , . •.
<br /> unle� lander dr�.ynniaes that mquiremeat will cause nadue htudt�►ip for Bomntver. aa: L*_^��s eatetua2ing -
<br /> c�um.,^tances exist which are beyoad Borrower's cantrol. Borrower shall not�fy I.euder o9 any extensating _
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