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<br /> ^ .TOtikTHER WITH nll tho Improv�mnnta nov� or horoaftcr arcotad on tho proporiy,n�d a11 oaocmonto,appunc�s�ancos, nnd �
<br /> ' fbduro3 now or haro3Rcr n paR of tho proporty.Atl rcplsccmantn ttnd uddHtons ahall atso bo aoverod by thf3 Ec;cwlty inotrument.�
<br /> All ot tho foregotnp I�roterrod to In thts&neuriq InBirumBnt ns tho"Propaity.' .,
<br /> BO�tFi6WER COYENANTS thet @ortowsr�tawNity oelsed of tho o�tnto horoby convoyad and hno tho rl�ht to grant nnd�
<br /> oonvoy tho Propathl nnd thet tho P�opc;M �3 urtuncumbcrod, axacpt lor onaumbrnrtcos of rcoord. 8oaowor �nrrnnta and wln 1 ,
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<br /> dstond goncraly tho titb to tho Proporyr apalnet aE1 clalma nnd dcmnnda,oubJont to any ancumbrnncat►of r�ord.
<br /> ' TH18 SECURJTY INSTHUMENT oombtnos unuort� aovenanto fot n�tlonnt uao nnd non-unYom� oomn�nto with Ilmltod �
<br /> �, varlattons by Jurfsdbtton ta conat(tuto o unNortn ea�urqf► inaWmont covnring roal proRony
<br /> UNIFORM GOYENANT9. 8orcowor end Land�r covenant and egreo as foUOwo: �
<br /> 1.P6yi'i1GQlt O�PE�It1f3E�88! 84td 119t0�@�PtQp�yliimPlL Q11t� LA40 ChCf��s.8orcowat ahnd.promptN pQY whon
<br /> due tho prinopal ot and Interest on the debt eddencad by tho Noto ona any PropaYmont and tate chutg:,�duo undcr tho Note• __
<br /> a. Funda tor T�cea and Ineuranae. bLbjt�at to epplicnbie�aw or to a wrilten waNer by Lender, Bortower ehsli p&y �
<br /> ,---1� to Londcu on tho dny monthy paymunts nre duo undot tho Noto,unttl thfl Noto 1� pald 1n fu0�n eum("Funda')Idr. (ny yearlll
<br /> "' texes and aseossmonts v�hbh may attab priorxxY cve� this Seaurtty insWmont na u Iian on tho Proporiy;(b)yeary teasohold
<br /> Y ---
<br /> (d)YCarry�ood insuraneo
<br /> paymenta or ground rents an tho Proparty, if anY: (a)Yosrry hozard or propoAy Nsurance promiums; __
<br /> pmmtuma,If nnY;(e) yearly mortgngo innurunce premlume�tf any;and(�any sums paYabte by BoROwor to lendm In accorduneo
<br /> wfth the pro�istona of paregm9h 8, U► �bu of the payment ot moRgnge insurance premtuma. These Itema are oc�i�ad "Eserow
<br /> �tams� Lender msy,at anY tim3, aoileot and hold Funds in an amount not to exceed the maxtmum emaaM a lende► for n _
<br /> MdamUy rotnted moKBage loen msY requiro fa Borrowe�s esarow account under the tedeml Real Eetete Settlement P�oeadures
<br /> �� � Act of 1974 as c�manded h'am time to time, 12 US.C.�2601 et seq. ("RESPA"), unlesa anothor law tht►t npplks to the Funde
<br /> � sets e lesser amaunG It so, Lender may, at anll tMe,oolieot and ho�d Funds In ae amount not to exaet+d tha bsser emount.
<br /> " r Lender may as4tm�te the Amount of Funds dus on the basis of eurtent date end reasonabb eatimatos of expenditures of luture lA
<br /> � 4 Escraw Itoms or atheiwtso N accordance w(th aPpGcable�aw. . _
<br /> , '?���;! ,.d� The Funds shall be held in an instih+tion whose deposits aro insured by a tsderal aSencY��+s�fl Funds�to ay'tho�Eserow �--
<br /> . '.:r.:�� fi t��}�r, tt l:endar Is suoh en tnstitution)or In any Federat Home Loan Bank. Lender eht{tl BppN �,,
<br /> ^!"' �iem. Lendor �Ay not�hOtt•e BOrtc�wer tor holding and apptyln8 the Funda,unnuairy enay�ki9 the e:�omw accou�L or vorihl„8
<br />�'r� . '� the Hsorow Items, unless Lr,ndar pa,� Borrowsr htereot on the Funds and appUcabl� taw Pem►�ta Lend�sr lo make suah a
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<br /> �'�' oharge. Howevzt,Lmnder may require Bnrrower to pay a on�tlme aharge tar an hdependc+nt rea! estate tox reporthg sorviCe
<br /> •'•;�„ used by Lender in connectton w(th this loan, unless app��ct►bb Ia�v Pfavide98ot�en+►� �t�gt or�noe ho Funda.
<br /> � �:.-
<br /> I;:j;:;.��':: eppticabia law requtros lntetest to be paid. Lender ahall not be�equlred to pay Y __
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<br /> ,:•.�,� �, 8o�rower end Lender may ap�rae �n wrdhB�ho�*+eve�� t�at htsrest shali be paid on the Funds. I.ender shap pke to 8orrower,
<br /> '��''��i"` �v�h0ut oh8rge, en eneual accounqng of the Funda, 3howin8 crsd�ts and debfta to the FuncL and the purposo 4or whbh ot►oh �;
<br /> debtt to tho F�ands wae mndo• '1'he Funds are P�edOed as add�fonal socufdy 4or aD eums securod my tho SecurEy Insdumen�
<br /> It the Funds hald by Lender exceed the ornounts Permitted to be ho!d by appticable iaw.iond�r ahaH cteeount to 8orrower _
<br /> " � for the encoss Punds tn eceordance with the requlremont�nderpmayb o nody eortow�r�h wrttine�endSin such a a Bo►rower
<br /> • j: tkna!s not suffbient to peY tha Escrow Itema when due,
<br /> she►H pay to Lender U�e emount noeessary to make up the dotbfenoy. Borrov�er ehell moka up tho do�otanoY h oo more than _
<br /> , � tweNe monthly payrtronts.at i.endere sote d�crotkn. _
<br /> ,; - , Upon paymerti u n,D oi e�anss�oecured �y thla�u�Y►nstrumant�lender shatt promPr to me acquisdio�o oa�atnttss
<br /> ` .. held by LendESr. It,under par8praph 21, Lender ehatl aaquire or soit tho ProAerty. Lender,P
<br /> '. Properpr, shatt epy�y any Funda hetd by Lend� at tho timo ot aoquiskion or sat� as u credk agalnst the sums Fecured by this
<br />- :,yty����;�'� „ Seourity tnsbument.
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<br /> �;��;::;:°' 3. Applloatlon ot �Pmya�nenta un�ss aov�b�� �aw provldes othervuise� a!! aJeymente reCliMed bY �ender un
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<br />. �' ..I'? pparegt�aph 2�tA d.ro n�tere t au;�rounh�. eotpr�s►cbat d e�ana ms4�ny�ieie onare d�e�undEr thetNoto.ounhi PaY�b undet —
<br /> 4. Ch1�¢�$� LI@ns. BoR°we� shnu tpaY all texes� aesessmenta. charges,
<br /> flnes and Impositbres el7ibutable to the
<br /> " prppptry whieP►m�y attuh pdodty over this Seeur�Y Insuument,end basohotd DaY��o�Bround ronte,ll bn1• Boaowor shall
<br />'e. , �:t pay theua obtigeNona in the manner Rrovided in paregraph 2 or H not paid fn thct manner, Borrowor shali pay them on tYne
<br /> dkeotry to thv O�on owed payment• Borrawsr ehail promptly Nmish to Londer e8 �oGcos of amounte to be paid ur.der this
<br />''f� � �•` "' h If 8orrowor makes these payments dirootty. 9oaowar ohatl promptty tumish to Londer recelpts evidet►cbr+9 the
<br /> ... . P�B�P •
<br /> . .. ppympnte.
<br />-=�����•�"'}�'- disohorQe any Ibn whfoh hes prfo�ItY over thh► Secur�r InsMcment unbsa 8orroxer: (a)ngrees In
<br /> z_.,a-�.-,�.•� Barrowrer sl�iu promptN
<br />~�""�-�� wrBMp to tha g�a�lrnent ot the oblfgatbn secured by lhe tten In n manner acceptab�to Lender; (b)contest�h pood faM t e _
<br /> -- '.'.-'"" Ilen bY� Of dO��fl dS�hbt Qt1�0fCE7f11E114 ot tAa �on In, IeQal procet�dings x�hbh k►tho Londore opinbn a3santu to prevent tho
<br />��.-5��, : • Bn}preement of Me Ilen: or(x3 serurea trom the holder ot the Ifen an ng�mset satlsMotory to Leeder subcrdhuthg the IiBn to
<br /> =� • :� ��+�'�' this Securily InsWmen�.It Lmnda'detwminos that anY P�of the PropeAy is subjeat to a Iten whlCh may e►tteh P�IOrpN�+�thls
<br /> -" �'�� SecurJty tnaWment,Lendo►maY S� eonower a notke identNY�O the Ibn.Borrower eheu satlsly the Nen or t�kei ono or m�e of _
<br />-„�; ..'::
<br />` the aetbns�s2 SoRh abovo wlthh 10 days of tt+e gNinp o4 notice.
<br /> - �� �Il�A7�1 Qr prppeKy �nauce��,Borrower shuU keep the Improvamante rtow exk�thg or hDrmAer erc+oMd on tha
<br /> " ::�.,.��,A� , ProP�Y Insurv0 s�g�nst loon bY ttro�ha�uu�s tnoluded w8hin the tertn'oxtondad cove►efle"and eny otisa hai9tde�ttoA�dhp -
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<br /> IlooOs or 1boCYnp.for whkh Lende�requtes tnaurance. Th1s tnauranco ahali be mahtabud h the ansaunts end to�the pertods
<br />—_;-�,•,�� . ,_ �,�t�,,,����,�,,. .�,,,�w����r RipyldMg the insurartCO ehall bo ohOOen by Bortowor subjeot tOl.enma+'e aD0►wal
<br /> ----- •..= wilhneld. if Bartoera&sUs lo malnta� ccrv^..rcg3 �v�+'�d atos�,t�.."•dg'�Y. �1�-�ndnrs —
<br />-�-:�;-k����• whbh aha9 �ot bo unr�+asonabb �..
<br /> ' ",.�...-�.°. ! optbn.obta�covsra8e to Protoot Lender's�ghts h the ProPom►b accortlanca wtth paragraph 7.
<br />���'fvi':►w.�::��... •
<br /> =.,.• AI{ Msvranea potbbs end renewats shall be accoP�� ta�end�and shaU holude a stendard mo�go otauso. len
<br />'�L�..j' ..•`� � BhIIA hflve tha Ql9nt 2o h01d tho po l i a b s u n d r e n e w a l s. It Lendor re quinus,+flwrowor Bhau promptly 9�ro ��all receipto of
<br /> .,�r�!r,r,• �� •� � paid premiuma end renswat no�f�s• �� tho event ot bas,Borrower sha0 gNe prompt noUce to the hsurance eurtior end Len d et•
<br />. . ;s+;,,;,�'_�. Londnr msy n�1ke Proof of lass N not made prompty by Borrawer• Ibd to rostoretlon or repair of tho _
<br /> .. ,,t`-�' Unbss l.smser and Bortowar othwwise agroe In wr�ir+9, hsurence proceeds shnU be eA0 -
<br />- ., , prope�ty d;.maged,a the rostomtlon or �palr fs economkalry(caalbie artd lendo�a securHy t�not Iessened.M the restoradon or
<br /> �.'' repaa Is nat mccnomtcnth[enamb or lart�'s se�uriry wou�d be bssenad.the tnsurence procoeds s41ap�o epPlbd to the aums -
<br /> , " �� socurod b r does otro�naw�withln 30 4 ya a noticehtrcm Londa thnt the�Nsuran o toarclah a oftvro6 to ssitl3a otatmatAun
<br /> • Property,o =
<br /> ., .. � i�nd� moy ooibot tho Inatru�tp w�hder.otot At�duo. Tho 3adayaPerb�w0 trc�h whtm tho notic �e e�Man 9 pay sums _
<br /> socurod by thls SoCUrFly h �y18� �y �p��tipn of proc08d8 to prinopal ehall nat ex�nd or
<br /> Untssu t,�ndm and Borto�rer otherwbo eg�es► ha t and 2 or ehonge the amou�t ot tho paymanta. If
<br /> % � postpono tho duo dato of tho monthy pa�ls ��ed to h pamgraP
<br /> . _.. -' � unda para8ra0h 21 tho Proparty Is acqulred by Landet. Bortourc�o rtght to any bsuranco polbbs csnd proco�ds resuahp from __
<br />• ;' . _, ,_� d�� � tho prope�ty prfor to tho aCqulsitbn �sha�i Dase to Londor to the extont ot tho sums by thla SaeuHty InaVUment
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