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<br /> .60LtR4WER COVENANTS thac Borrower 1s la�vti�ily selsed of thc estate hercby canvey�d nnd bas thc dght co [;,_
<br /> prant nnd convey the Prc►prrty and thnt the "rropeny is unc�►awaberrd, czccpt for eccumbsun�c�s of mc�rd. Barrower --
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<br /> �' cvnrrMts and�vill defcnd acnerntly thc titic to the Property nguinst ull claims und d�mAnds, suhject to any eaeumbrunces
<br /> oE eea�rd.
<br /> THIS SBCUEtITY INSTitUMENT combines uniform covenonte for nntion�l use and non-unifarm cuvenants wlth
<br /> � timited vudnttons by Jurlsdictlan to constitute a uniform security insuumeat covedns rc.�l property. �.�.
<br /> � UNIFORM COVENANTS. Borrower and Lendcr covenant und A���A�iwhen due the rinciptil of,and interest ��
<br /> ,.._... 1. Poymeai of i�rincipal. Inicn�at Qnd LAto ��. Borro� er p y P
<br /> �_�~��� on. the debt evidenoed by thu Note und lnte charBes due uader thc Note. �°°
<br /> ~ ''""' ' otTtutes.ln..�u�.md Othtr �. ao��ver sh�ll laclude la euch monthly paymeac, �''`
<br /> � �. M[os�ihly PAymc�s
<br /> � tosether with th8 pdndput nnd interest as set fotth in the Note and any lute charaes. u suat for(a) taxes and spec�i a
<br /> . ; asr�ssacLeaxs levled or to be lovied ugufnst the Property� (b)leuSehold puymenta or ground rents on the Praperty e_
<br /> ' � (c) premlums for lasurunce rE�quired under purn8�aph 4. ln eny year in whicb the l�ender must pay a a�ur�Bage m_
<br /> � � insuca�ar.e premium to the 5ecretary of Houstag an d U r ban Deve lapmen t ("S�c r e t n r�+°).o r i n a�►y y��e'�1���►� ..
<br /> �� premlum would have been required if ixnder still held tke Security Iastnunent, en.ch monthly paymeent eha11 also �.
<br /> include either: (i)n sum for the anaual mortguge iasurance pmmium to be paid by Lxnder to the S e cretary.or (ii) �►
<br /> .�. awnthly cbarge insteIId of u mortgage insuranoe premi���►for the imont�hly churge,by tbe Serretnry. th��icjans _
<br /> reasonable m»aunt to be detemifaed by the Secret�y.
<br /> �- .. ; �� nre t�llte� °Escrow items° �rad �he sums pald a I.�der are celled "Fscraw Fuads." ate aaeount aot to exceed the =_
<br /> Lender may�ai uny time, collect and hold acaounts for Escrow Items in an aggre8 -
<br /> c, maxi�rum ampunt thut mny be requtred for Bonr►wer's escrow account under the Resil Llstate Setdemeat Procedure.9 `
<br /> ° �� Act of 1974,12 U.S.C.§26U1�eq.ciad imple�ner►tin8 re8ulat�ons. 24 CFR Part 3SOO,ns thPy cnay be amended from ti.�
<br /> uan to time("RESPA").except that tite cushion or reserve pennttted by RESPA for w►sutictpated �iisbarseptieants or -�
<br /> ep e
<br /> '� disburserneats 6efore the Borrower's payments are avuilable W the account may not be bssed on tunounts due for the �—,.
<br /> uiongage insueauce ptemiwn. _
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<br /> • If the mnoumts held by I.ender for Escrow Items exceed the amounts peindru�J to be held by RESPA. L.ender ah�U -
<br /> '.,f s000unt co Borrower for the eacess Nads us re9uired bY RESPA• If the ._--^��a3s of funds held by Lender ut eay lime _
<br /> are aot sufRclent ta pay the Escrow iteras when due.l.cader may notify th�e 9ormwer and requlre Bonrower to a�vke
<br />-� up the ahortnge as pemaitced by RFSPA. t Ipgoirower
<br /> I'�te Fs�.-row Fu�is arc glcdge3 ��diil�n�! r,�curity for aU swns secured bY t6[s Secutity Instiumea•
<br /> � teaders to L.eader the fiill payment of all such sums. Borrower's ecoount sbe11 be ct�edited with the balan�e re�ainin8
<br /> ;"':•.' forall instellu�►t items(o).(b).aicd(c)end any mortgage lnsus�r.�premlum installmeut tltsu Lender has aot bocome
<br />-��;`".;, ' obllgated co puy w the SecretarY, and Lender shall pmmpdy rethnd any exoess fl�ads to�orrow�sr. Ia�dittelY P�or
<br /> ��:�':;::`.,`., to a foreclosure sale of the Property or its ucquisidon by Lender. Borrower's acoount shall be cNdited w�th any 6ai�e
<br /> -�.�.,:•.-• remaining for all instullment� for item9(a). (b).anm(a).
<br /> :,�a�.� :�
<br />';._y; <..:;t�� 3. Appl�On af P�rymenta. All paymettts un�de7 paruSr�►Phs l and 2 shall be appl{ed by Landet as fo e�b�the
<br /> ,,�.. ..,, RS' .to thE mortgtu�e insurance prem�ium w be paid by Lender w the Secretar�+or w the uwnthly cher8 Y
<br /> 3 f;..�,...,s.:�, � � Ol ul�. monthly uwrtguge insurano� pre�niumt
<br /> - . �:�:"� SEGONb� to any taxea.special ussessmente. leasehald paymenta or ground cea�s.end fire�tiood and oil►1r l�rd
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<br />��.��}`��; insurna9e ptpmiutas. as re�luWd;
<br /> -.���-~a��r, HtItD, to intemsi due uuder the Note;
<br /> _�.;,���::�;�";� qU+ . to amortlwtion of tt�e princIpal of th� Note:aad
<br />�,�.;.�":�-''.'�':'��� I�F ,ys�to late chuc�es due under the Note.
<br /> - ""'° r�;r Barrower shall insure all improve�nts on t�e Pro�etty. whether
<br /> ;�:_.._ �� : 4. F�.Plood an�0?her Bamrd iffiw�nee. -
<br />����..� �� now in exis4ence or sut���dy erected� a8ninst �y h�s• ����• �d coatin�enctes. iacluding 'rla�c�for which
<br />-t":��n,�� II.atder requires insura�a�. 'I]�is insumnce shaU be maintained !n the ammums end for the perio9a that Lender
<br /> ,��,v;,r ,k:,�i mquires. iBorrower sha11 ulso insur� ail improveuients on the PeopertY. wheiher now in extstence or subses�u�atly _
<br /> - _-w;����.� emt�d� ttg�nst loss by ftrtada to tbe �ct�nt required by the S�etae7+. AU insu�ance shaU ba r.arcied with ooar,�aales
<br /> ---—_ — approv�l Y�y Lendez. The i�sucaur� ��licies and any renewals shoil be held by I.e�der arstl fit�all indude losa payable
<br />-���_� ctaus�a in favor of,and in a form aoceptnble eo.Lender. roieq at losa if not
<br />_ - _'�.'�-� In the event of loss.Borcower ehail�ive Ixa9ga immediat,e nottce by mail. L�nder maY malce P -
<br /> - -- — ��y��tly by Eor!+!+wer. F�h insun►nce oompanY cflncemecl is hereby authorized ead dIt�eeted o����
<br /> yv��s"�"' for�uc� Ao�s dircctly to Lender. instead of co Bozrower ar�t to I.ender julutiy. Aii or a�►y p _
<br /> ���v;:�:;:'' pco�.,ceds tpay be applted by Leader, at Its option, eithee(a) co the reductton of the indebtedaess nader the Note ata8
<br />��-...-�,�;- t61a Security InsuumQnt. first co aay delinqueae amouaty npplled itt the order in p�ragraph 3.and then to prePaY�t� -
<br /> � � ot principal. or(b) ta the reswratioa or repair of the darnaged ProPertY. �Y gPPlicatlon of We procee�s to tlte
<br /> pdnsipal shall noc e�uend or postpoae the du�date of the raonthly paymeats whict►are refetted to in parngca�h 2.or
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<br /> ± �, � "`' chnn8e the amuunt of suc�►puy�neass. Any e�coess ia�urnace pmoeeQs over an amouat cequimd to puy all outstandi4�
<br /> ... , •,: t3' ,y�Y
<br />� ��. >``•91: indebtedn�ss under the Note and t�3��ecurtty Instn�mcat shal!be patd w the enti !r t enttd creto.
<br /> � �� In the event of fonslosuce of this Securtt3►Insuurr�nt or other transfer of dde to t�2 Froperty that extinguishes
<br /> - , #' t6e iadd�tedaess. all r►IIht� title and intemst of ,�mower ia und to in.su.raaae policles ia force a�u11 pass to the
<br /> . ` '�--�: P�r' �� �oe a� �rot� oi ths Ptnpeet�►: Ha�rowde i.uan A�:
<br /> .,,�`'"'� S. �F�Y,_ �._��.....,...... ..��o�,�;� nna uss�he Pranertv es Bosro�ver's priacipat residence withtn sixey alaya _
<br />.-��.-.- - -...,�t - j,�Opios. oin..,n.c. oua........r,.__._____._. - -
<br /> � after the execudoa of tbts Security Insuum�ent (or writhin sixtY duYs of a later sale or uansfer of the PropeccY) und saaii
<br /> ' . caatlnue to oocupY the PraPerty °s B°R°wer's principal resideace for at least oae year after the date of occupansy. :
<br /> untess l+ender deiermSnes thut requirement wiit caus¢ undue hardsh�p for Bo:tower. or upless eateauat[t�
<br /> , cic�mstaaoes euist which ure beyond Borrower's control. Borrower shall aotify I.ender of nny eatenuatiug
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<br /> � o�rn s�m,�.c�.ceou�asai� PaQe 2 of 6
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