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<br /> , �_•.��. Uf�IFORM COVENANY8. Bonowu�nd Und�r coven�nl�nd�prN u fotavs: 91� �0�O�7� ---
<br /> - "�-` "'_'` * 1. Paym�nt of Pri�aipd��id intaro�t: Propapr�an! ana Lota Chary�s. barow�r sh�M promP��Y oW wnen duo ms =_ - -
<br /> ., �..� . " pY�pip�l W�nd MUrNt on ih�dabt�vWNic�d by iha NOb Mid�r1Y pnpaynNnt �nd 41a chupe�duo under Ihe Note.
<br /> . . .� Q. Fund� Ior Tax�s u�d Inwrana�. 3ubJed to �ppAeabls�w a to�wdtten w�iver by l�nder. BoROww ahaQ p�y to Lendar
<br /> ., on 1M dty monihy p�ym�nts�n dw unde►Iha Nats. unt�th�Not�Is paid in fW. �sum (..Funds'1 aqwl to onrtwe111h ol: (�) yady ��-'=_
<br /> .. .H „ `� ' tu�a and �sspstmnt�whlch m�y atlain p�ioriry ovK ihls Saairity Intirument: (b) Y��Y �sQhotd p+�yments or qround rtnte on the ,�,y.
<br /> r-= .__..
<br /> � � . � �5" ��Y�p+�Y�oI f►�b�d�w�«Pi��� �(d)y�Y��9°�Wrance p►emtum�. N any.These items �n qued "etuow
<br /> .' .',` � N�ns."Lendtt mry�st�te ihe Fund�due on the bush ol art�nt dau and resaonable estlmates olluture esuow ilema. --- --- ---_ _--
<br /> RW;1.;:`;.�a,. --� -_°-
<br /> • Th� Funds shal b�hNd h �n InsiNutlon the deposftt or �ccounis al whkh �re insured or yu�rameed by a laleal or alale agency �=;:�-—
<br /> .. . . ,'+r=P•e• w �.
<br /> , � (indudinp L�nda Y L�ndw is auch�n inatiwifon).Lender shal apphr th�Fund� to pay ihe esuow itcma. 4ender may not charga tor holding �- • � -� ��'�-�-
<br />:� � ������_
<br /> and appl�rklq tM Funds, anHRhp Ih�aceouM or verityhp Ihe nuow Ilems, unless Lender pays Bortowa interest on Ihe funds aod �.,^=�'�
<br /> ..�'r.
<br /> apppCnW�I�w p�mYts L�ndw to mala wch �ah�rge.A chuqe aeseaaed by Lende►In eonnection with 8ortower's entedng into Ihis Security .-cr„o-,,
<br /> Inthum�nt to p�y 1h� eost ol an Independent tu�repoRinq aervlce ah�Y not be o chuge tor purposes o1 Ihe precedfnq smtence. � -�'a'�--�-t�?-
<br /> 8arown�nd Unda may�Qrae in wdtin9�ha� interea�aheY be paid on Ihe Funds. Untess an ayreemer+t Is made or app�cablQ law reaures .,•.�.,._�..�.
<br /> fnU►�st to b�palol.l�ndu sh�N not b� requked to p�y Borrower �ny interest or eamhgs oR thv Funds. lender shall q,we to Bo+rowc.. � ' ` `�,-•"'��_t�..4;r'a".;-:
<br /> . wpnoul chupe. m annual �ccountlnp ot the Fwxts ahowing credita�nd dabits W lthe Funda and thv pu�pose tor which eacb deba to I - „•��;'�����•t''�,�„'
<br /> th� Fundt wss m�dt. The funds are pMedgacf a�s�Uooet security tor the swns secucedi hK chts Secu�ity Instrument. '
<br /> ,. ' • tl tho �rp+uu o(q�Funds hatd by len�e+', t�o�alha�'wiW tl►a A+twe^+o^thgr WHr'"e+�t% o! Fuc+ds paynM¢pnor to tne due dates ot the ; .. :..�•.,, ,x .
<br /> �,n., u�;.;...
<br /> . "• � asaOW IhM++s. 6A�4 ex4w�!Iw irrwu►�t �Qd Go PaY the asaow�ms whert due. Rhe excess sha�l be. at Bocrowa's cDtion.e�thcr S• ,.F� ,t:�.
<br /> � • ti��' • . apnpyK r�p�k}q gqipwgr pr CrQd;tect b gortvwar on monthly payme�ts of•Furtds. M the amounl ot lhe Funds held byc lender�s not � . ''��13v:;:
<br /> :.,,t . . �;s�ivsl�ar
<br /> , auhicimt tv pw�fiw os�xow itema when due, Bo�ower shaY pay to Lertder any amounl netessery tc►make np Ih�dt�ciency in one or � , �h�'�_
<br /> Imore payma►ta as requlred 6y Lunde►. ��
<br /> ' �� Upon p�yment h fuY ol aN aums aeaued by Ihis Security Instrument.Lcr�dcr shall promply retund to Borro„e+an Funds he�d Gy '�`�`����•
<br /> Y � I,,,:,.;�
<br /> „ Lender. If undar parayraph 18 lhe PropeAy Is sold or acquired by Lender.Lender shall apply, no leter than rnrned�ate�y pnor to Ihe sate •��r�K���?�
<br /> , ,•..'� , �.��-.
<br /> �,:,�c � 01 the Properry ot fts acqulsltlon by Lender. �ny Funds held by Lender at the time of application as a uedit against�he sums secured py ��;,;_
<br /> ; ��• . Ihb S�curily Inabument. • ,
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<br /> � � 3.Applleatlon of Prymvnt�. Unleas appllcebte law provldes othe�wlae, all payments received by Lende►under paraqr„pl,s t , �'' -
<br /> ' and 2 shal bs appAad: Ilrrst,to late eharges due under the Notn: second,lo prepeyment charges due under the Note;Ihird,to amounts ' ' '� ' � :_`_-:
<br /> .. s � ' 'r �_-
<br /> ^ p�yabte undar p�ngnph 2;IouAh,to Interost due; and last,to prtndpal due. ' _:=•�
<br /> ' 4.ChYfgeY; LIB11�. Bortower ahall pay ell texes,assessments,charges, Ifnes and knposiNons atlrlbutable lo Ihe Propeity which � � 1, , '�'% �
<br /> :�.
<br /> m�y allaln pllorlty over thls Securlty InstrumeM, end leasehold paymc�ts or ground rents, II any. Borrower shetl pay Ihese abligatlons in � , :�5:�
<br /> _—-_- ihe minncr pravldcd fn paragrsPh 2.or N not psfd !n thet mnnner. @nrtower sh�d �+ny them on time directly to �he person owod payment.
<br /> i
<br /> � Borrower ahatl promptly fumlah to Lender aU nodces ol amounts to be peld under this paragreph. II 9orrower makes thosa payments ,
<br /> � dreclly, Bortower shsA promptly tumish to Lender recelpts evldencing Ihe paymenls. . ,
<br /> „�.��.. . � ��,.,.•
<br /> Bortower ah�p promptly dlscharge any Oen which hes prlority over Ihis Securiry Instrument unless Borrownr: (e) agreos In wri�Ing to ,
<br /> , Ihe peyment of the obflgatlon secured by Ihe Ilen N a manne►acceptable to Lender: (b) conlosls in good Iallh Ihe lien by.or delQnds , • ,
<br /> � apafntt enlorcement of the Ilen In, legal proceedinge whfch in the Lmder's opinlon operale lo prwent Ihe onforcomont of the lien nr ,
<br /> � • ', faf9ilure ot any pert of the Property:or(c) securas Irom the holder ol the Ifen en agreement sallslactory to Lender subordinaling the Gen lo ,
<br /> `.�. � thla 3eaxlty Instn�mmt. II Lender determines that any paA ol the Property Is subjeet to a flen whfch may altaln prfo►ity over Ihis Securiiy
<br /> ...;;��: " Inel►umen4 Lender may qive 8orcower a notice IdentNying Ihe Ilen. Bonower shall satlsly the Aen or take one or more ol the actbns sol ,
<br /> � � �„_°:��•: lodh �bove wlthln 10 days ol the ghring o1 nollce. � "
<br /> . ' S. Hasard Insuranee. Bortower sha4 keep Ihe knprovemenls now e��sting or herealtcr aected on Ihe PropeAy insured agamst �
<br /> � baa by fire, haZarda ineluded wlthln the te�m "eiclended coverage" end any olhr► hazards lar which Lendor requires insuranco. Ttds
<br /> Insurance ahBQ be melntalned in the emounta end for Ihe perlods that Lender requires The k�surance cartfer providing Ihe insurenco shell '
<br /> :,� �., • 6e chosen by 8orrower aubject to Lender's approval whlch shall not be unreasonabty withhetd '
<br /> ���;�•�; All Inau�ance polldes end renewals shell be accepteble to Lender and shaN include a stnndard mortgage clause.Landa shall heve tho �
<br /> • �°`� '" � dpht lo hdd the poUciea and renewals. I1 Lender requires. Bonower shaN promplly give to Lender all recclpts ol peld prcmiums and I
<br /> • , rmewal notkes.In the evenl 01 loss, Bonower shall give prompt notice to the insurance carrier end lender.Lendnr mey moke prool ol loss • ,t �
<br /> .. ,.;�i:;. ..
<br /> ' .''':�'. N not made prompty by Bonower. .. '
<br /> � Unlesa Lender ond Bor►ower olherwise agree In writing, Insuranco proceeds shall be applied to restoretion or r4pelr of Ihe Propeny �
<br /> '�"�':�:� demaged, H the re�lo►atlon or repalr Is ecor�omlcalty teaslble end 4ender's securih�Is not lessened. II the restorallon or repah Is nol
<br /> �1i��;�'' ��,,,,� econanlwly feaslbta a Lender's aecu�lty would be lessened,the Insurance proceeds sholl be applfed to Ihe aums socured by Ihis Secudly
<br /> '�����"� Inat►ument,whelher or not ihen due,wllh any excess pald to Bonower.II 8onower abandons the Property, or does not answer wilhin �0
<br /> , �;!r�; d�ys�notke Irom Lender that the Insurance cartier hes oflered to settle a claim,then Lender nuy coMecl Ihe fnsurence proceeds. Lender
<br /> ' � , m�y uae the proceeds to repalr or reslore the PropeAy or to pay sums secured by this 5ecurity Instrumenl, whether or nol then due. The
<br /> � � ; 30•day pe�iod wlll beyfn when the notfce Is ghen.
<br /> ''•; Untesa Lender and Bortower otherwise agree In wrANg. a��. e�pl�catlon of proceeds to pnnapol shall nol extend or postpone Ihe duc
<br /> ' , . ••'y�'• date of the monthly peyments relcKred to��+ ca�a;Ta::+s 1 a�_� ��ehange Ihe amounl ol the paymenls. 11 under paragraph t9 Ihe PropeAy
<br /> ' fs acqutred by Lender. Bortower's right to a°, ;^s::•erce pa�ic?es antl prcr.ee�s resulling Irom damege to Ih�; PropcHty prior lo thQ acqu����^
<br /> � ' 6ha11 paas to ler��r to the exlenl of the s�.:�s C;- I'�is Ser,unty Inslrurr.er.: •n•-aaately pnor to Ihe acquisilion �
<br /> • �� �.�,,
<br /> � >.�• •'' � �•';�.� , 6. PresQrvaQaon and A�9a�ontenance o? Prope�ty; �Laasa?+r�l�;s. 6orroWer ;hatl not destro� damage or s�a�stantlally chanca �
<br /> '�f "'� , p �h ♦. a... � , � '
<br /> ,f;� , "• cr_ Nroperty. aiaw e P�;•,. .�to tlet•at cre�e cr comm�t w�ste �+ Ih�s Secu�r�Instrume�• s �r a lease^a� E�•r�«e• shan��mply w�tn
<br /> •.�.;.� .�•,�;:1j;;���•� , ; �
<br /> ;,.i tne provlsiars cf the leas�. a°e i '9a�•:.�e• aacu�•es +ee t"�e t; t�e a�o:e��, !he leasehoi�t and 1�e Sc•e s�a" rct r�e��e :rnul the Len�e•
<br /> �
<br /> � �yfQfS t0 ihe ertPJqM in w►rb.Rg. �
<br /> ,;'�..
<br /> • � 7.P�OteClion of 1�n�6r'S P1ug6aH�d�ro RB�@ Pv�p�vQy; Mo�da�age Insu�ance. If Borrc.+•:�• �a�ls to perlann �he co�ena,::.
<br /> '���•'�, .,,a .,.,..w,..,*. pM}i�/II/I Yt 1hiG S�udf� �nafn�mant r• �-nra fa a leoal oroceedma Ihat mav s�arnfitantiv aNect Lender's nohts in tPe � �
<br /> . .'It.. _._ _a.__..._...' __ _ "_ - ' • _ ' _ ' _ ' ' _
<br /> . ,; Property(such as a praceed�+rg ^ tankruptey. probate.t^_• :::°:Scmnalion or lo enforce laws or regulaUons). then Lender may do and pay Icr .
<br /> whatever Is neckssary to pratect the value ol the PropeAy ard Lender's nghts m ihe Property. LendeYS actions ma��nc�ude paymg any
<br /> �' aums secaxed Dy a Gen wi��ch has pNority o�er thfs Secunty tnslrument. appeanng in court. paymq r�a;�nable atlorneys'fees and en!,��•• ;
<br /> i -
<br /> on the ProperY�r io moke repa�s.Although Lender may lake actlon under paragraph 7. Lendcr docs �ot na�e�o do so-
<br /> Any emounts disbursed qy LU�der unde• paragreph 7 shail br.c�m� addd�o��l debt ol Botrow�r;acurnd by th�; Secunly In;�r�.,:t-r
<br /> � Unless Bortower and Ltnd�x;tgre� to other terms ot paYmrnt thC,P Am0u��5 ;��3'� b�.3���Irrt::t t�rm n,��43n� nt n-��.u;��nent at tn�� Ncre
<br /> • tite �nd slNll b@ peyeble.wAN mterest, u�on notiect irom I_ender t0 Borro�w��r r�>_que;tmg paymi>nt
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