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<br /> —_._ _:,.�ywrt _ T�R W�H �1�N �IIpf0YM11�11/ Q01M.Of �lIi111l1'If�041d Q�i ��Op�lld i/ M{d11�if�� �IIMI�MtiO��r �Ili�' ..
<br /> �N 1101Y Or hM'����R O��1�pf0�lMiy.N f�ONMf11�Mld�011�111r�0�OOYNM�b'J1111M�Il�f MMrIN1�M.
<br /> Y d eh.anpotnp M nhrt�d a h uW.e.o�rMy M.sunwM n.aN •Prop�y,• �
<br /> ' dQHRONIER COVENANTl9 t!w 1lortaw�r N Uwl��ll► Nind of th��tM� hwrby oaw�y�d �nd hu th�dpM to annt and .
<br /> aonvsy 1h� Rropwty md th�t tM PrcipNty N unw�ouinbw�d. an�pt ta �nownbnnow of noord. 8onoww w�n� �f wM:
<br /> d.��.ry a�.�.�o a�.�y.�rna�own.rd a�w��.,.uel.a co.ny«�owna.no..a r.00na . -
<br /> THIS aeaunm u�n+ulrENr oombM,.. unMon� oowtina for nwo�l w. .na non�rrMam aarNwd. wllA �M.a �
<br /> -- vNWlons by jirl�dlaflon W ooneMp��unMonn s�auNy btbunwit oovwino rMl prapNly. « '
<br /> — UNM=ORM COVEWWTB, �ortown md 4�nda aa�nmt�nd ylw ss toMows:
<br /> 1. P�renN�t 4f PrinCipd �nd InEorM� 'rrpn►mse! �nd I.M� Ch�rpM�earowu ah�N promp�y pry whm
<br /> dw tMptnaipd d and intrnst on the d�M MtM�o�d by dN Nob md�nY p4�l�+��Ide olwpu dw und�r th�Nob.
<br /> .`-.. 2. Fand�tor Trnt�s and Inwrl�ilce.aub)eet m �ppNc�bte taw or to .wrtttw�walvr ey undrr.eo�rowr sh�r p.y
<br /> '=�' ta UndK on 1M d�Y��N WY�U w dw undr tM Mot�. u�N th�Nab N pNd N IW� �wm('Fund�')b►: (�)Y�Y
<br /> Wtp �nd�us�ttmrM� whlah nwy�h pdoAly ovM thM S�auNy In�trumml u� Nn an !h�PropMty; (b)1►MdY I�N�old
<br /> ,.:q:�� p�ym�nb or praund nnU on th� Prop�tri N�Y: �e1 YwN �d a propMty Nwmo�Pr�Nunei (� Y��Y�ood Insav�o�
<br /> =re..�s�ttl�l!9A P�m����nY N)Y�Y��0�Inwriuiw P��.M��tA NY+�WY�bY Barow�r to L�nda b�000rd�na
<br /> - __
<br /> wlth th� pr+ovWon� oi pu�praph B, In Nw�01 th�prym�nt of matp�y� inwanc�pnmiumt. Thaa N� an oY�d 'E�aow
<br /> -,—�o;::�..�;,��r�aa tt�nro.' L�nda m�y. �t �ny tlm�� eoNwt md hold Fund� N�n unount nol to�xcMd th�m�udmum Wnount• Nndw for� `
<br /> y;:�::�:=yrc•t�x1�� t�aMy ral�t�d mort9ay�lo�n m�y nquln tor Bortaw�r's aarowr �ecount undr► th� f�d�'d RMI E� S�nt Proo�diva
<br /> — - -- Aq o1 1074�s�mwNMd fian dm�to tlnN.12 U.9.C.!2601 d a�q. ('RESPA'), w�s� �nothx I�w th�t�pplin to fh� Fund�
<br />� aeq w la��nqun� N w. I.��d�r nry.�1�ny Yrn�, caMct md ho�d Fund�in an rnouM�ot to�utoNd 1M Ns��MM.
<br /> ' '" ' .' �Midr�y aUn�t�iM uno�ml W Funds lMN on tIN b�fts Ot ounrM dW Mid ��aw�bN alUmA�s ot�o�n�rM al fuLrr
<br /> - - �.�r4u�,��� Eaorow Ihms a othwwia�in accord�nee w�h appNealAs Mw.
<br /> ' Th�FuWs sha�4e hNd in�n instiwilon whas d�po�lla �re Inwnd by�f�dw�l�yency,inskumanWNy,a�n111Y(indudinp
<br /> , +�- • ' �' lendK.H Lencier b such�n inetiluGon)or In �ny F�dKal Home Lan Bw�k Landa ah�N�ppiy I�e Funds to p�y tM Euxow
<br /> '�� ` �' • • `►s�^�:t'�::' Itama. (.endK rmy not chupe 8ortowar 1or holdnp and applying the Fu�da,annuaYy�ndy�fnp 1he es�aow acsount,a vwNylnp
<br />`;'.C�1`•.:'��:� �%;�:�'itti��{�':``:�r_`� th� Escrow flams� uNess lqt�der p+�ys 6a►oww Ira�erest on the Funda and�pQIlcaWa law pam�its Lend�r to m�k� such � - --
<br /> ^�'�` ' ,�(tF,:,,,,Y4., _.,. ,,.,_ .�
<br /> ,.,;'•�,,, , t:;;:\,�,:ti,,;,:...,•.t;.;::;,F;, . ehape. However� Lender rnAy requke Bortaw�r to pay a one�ilme c1��e 1or�n Indepa►drnt rml est�te fax report�p swvia ,�,
<br /> r , y �,J.; tH�,i� +� , uaed by Lendar In connectlon with thls loen, unleise applicable law Qiavldes t�thervvisa. Unleas an apr�n�nt b m�de o+� , • _
<br />. j,. •�., { �l`' Y»r,y,� %' ,Si;'; �` appYcable law requkes interesl to be peld, le�der ehaG no1 be raquired to pay HartoNer any Interest or epminp� o�ths Fut�rla. . __
<br /> '� 1}`� ,�,�r�,��1 f+;'��,.,y�y;'�?" Bartower and I.en�icr may agree In wdling, howeva�. Ihat intsreai ahaH ba paid on t1�e Funda. I.ende►.ahaA glw�to 8ortower, __
<br /> `� ' •''� ,c{�' �75�o,,,';;;:,t�,,;�L;�1� wiThout ohuge, �n annuat accaunting ot tha Funda, ahowing crodlla and debfle to the funda ead ihe pur{►oae for'whle?�a�eA ' �;�.
<br /> ' 'r+��..i'•.;%���."� :.u���;; d�blt to the Funds was made. The Funds are pledged as eddHional secartty for all auma aecured by ihe:k�utity Insbumsnt. �
<br /> �'rL'�<%:'.l;',�; �.,,,.;. .,�,,.
<br />. �+�,,;,:r,.l`�`�;r�;;';,:.:;:',,« If the Funda held by Lender exceed ihe arnounts pamilited to ba hefd by yapNo�bfe Iaw,lender shall account 1o.8ottowu
<br /> , �•k�,:�?. .�'.``r tor the axcess Funds In acoord�nce with tAe requirernema of applicrble law. It the amount of ihe Funru hNrl by lender n any
<br /> � � time Is not�ulllobnt to p�y ths Eemow Itams when due, 4ender m�y �o nmfty Bortow�r fn writlnp,and, in sucA cas�8ortowM
<br /> I aMA p�y to Lendor the amount nsassaay to m�ke up tM defldsncy. BoaowK shW mdu up th�dMlcNncy in oo rtwn th�n
<br /> twNv�monlMy p�ymsnts.�t LandK's soN dsc►aUon.
<br /> Upon p�ymmt In h�ll of�N sums uound by thle 8eourfty InsWmmt, L�ndsr�htll prompty rNund to Bortower my Fund�
<br /> � hetd by Lmde�. If,•undx parap�ph 21,Under�hsU�aquh or sN th� PropMty. Und�r,prbr to th��cqul�ition or u�h of th�
<br /> • �:,`.%"`--— Prop�rty. th�N �pply�ny Funeh hNd by Undw tl th�tim�of�oqul�ltlon a sW n� andq�p�Yirt tM wnu Mour�d by thb
<br /> �• � S�aAty In�trummt.
<br /> . 3. Applloatlon of P�ym�M�. Unlns �ppYcabt� I�w provldes otMrvvle�, sl paymante neMv�d by Und�r und�r
<br /> ' , p�praph� 1 �nd 2 whdl tie�pplld: Ikst,to any prpaym�nt eharyN du�un�Mr lh�Notr, nca�d,to amounb p�y�bM unei�r
<br /> p�rpraph 2:thkd,to Intarnl dw;lourth,to prk�cipal du�;uid w�t,to�nY Nt�ehop�s du�und�r th�NoU.
<br /> 4. Cha��11�; U�nt. Bortown sh�N p�y �N t�xn. ���htmrnts, ahr�a, Nn�s �nd knposNlon� �11dbuUbl� to ih�
<br /> i, . Pirop�rty whbh m�y�tt�N pdotqy owr thls S�eurlty Imtnan�nt,�nd Isn�hold p�yma�ts a pround nnb, N�ny. Bortoww ahaY
<br /> p�y th�so obNptlions In 1h� rnrnner provltNd In puapraph 2, or H not p�M In th�! rtu�nnx, Borrowa shdl p�y thMn on time �-
<br /> dinctly to th� penon owed payment. 8onower�haN p�ompty lumleh to Lende►�p nodces of ixnounts to be p�W under thla �,__
<br /> p�npnph. 1f Borrower rmkea these p�yments direoqy. Bor►ower ah�ll prompty tumlth to I.ende► reoeipts evldenaJnp the :,:-�
<br /> ji��. ; payments. ��;�
<br /> ( • . BoROwer ah�A promply dieohuge ony Ilen whlah hae prlorlly over thie 3eoueity InsWmenl unleas Borrower. (�)ayrees M ���-:�
<br /> �. ��'� , � w►qing to the payment ol the obQpaUon seaured by tha Nen in e rtanner acaeplable to Lender; (b) conteats In goad hflh ihe •��:-
<br /> " ! Qen by, or defends aydnst enforaement of lhe Ilen In,legtl proceedings whioh In ihe Lender's opinion opende to prevent the r
<br /> %'•.� � enfacemem oi the Iien; or(a) eeoures hom the holder of the Aen en agreement a�Usfaatory to Lender subordkiatlng the pen to i"`;
<br /> , ,'� i thla Securlly Inatrument. If Lender dalertnMea thet eny paH ot the Property la subJeet to e Ilen whbh may alleln prloNry over thla �.'� '
<br /> � . 3eeurlry Insqument, Lender may give Borrower a notice identitylrp the Ilen. Bortower ahaA setlsy the Nen a tske one or moro of �+'-==
<br /> • � , the�ctlona ael foAh above whhln 10 days ol the gNi�p of notice, —
<br /> • • 5. Haza�d o� P�oporty Ineuranee. Borrawer ehap keep the Improvements now exlating or hereaRer erectad an the �`
<br /> ' Praperty insured aqalnst loss by �re, hazards Inoluded vNihin the term 'exlended coverage' and eny other hwrds, Induding � --
<br /> •�,. flooda a floodinq,for which Lender requbea insurence. This inaurance sheq be mak►talned in the emamts and ior the perioda
<br /> � thN Lender requirea. The Inauronee cartier proWdk�g Ihe Insurw�ce shall be ahosen by 8ortower subjeat to lender'e epprowl ' :;
<br /> whlch sh�N not be unreasonaby w8hheld. I/ Bonawer Iails to maintein coverage desafbed above. Lender may, et Lender's �;
<br /> �� ;,
<br /> � .. .• j opUon,obuln coverage to proteat Lender's dghte in the Prope►ry In eoaadanae wNh pampniph 7. 1r,�
<br /> � , i AN Inaunnce poNoles and renewels sholl be ecceplaMe to Lender and shall Inctude e atendard mortq�ge ateuee. lender k•.�'��
<br /> ,, � � ah�ll have the ripht to hold the poAoies and renewals, Ii Lender requkes, Bortower shaN prompUy give to Lender all receipis ol
<br /> , pald prerNums and renewal notioes. In the event of loas.BoROwer ahaY give prompt nollae to the insumnce oarrler and Lender, �'
<br /> lender may meke prool of loss N not mede promply by 6arower.
<br /> � Untass Lende►and BoROwer othe►wise agree In writinq, inaurence proceeds shall be eppAed to restoroUon or repak af the �
<br /> . ' � Property d�maged,II the reatorellon or repa4 Is eeonanicely feasible and Lender's securqy Is not leseened. Ii ihe re�toratbn or �
<br /> ' repek Is not eaonomlcally leaslble or Lender's security wodd ba leaeened. Ihe Insurenae praaeeds ahwil be appYed tu ihe aums
<br /> . f aecured by thia Security Insinxnent, whether or nol Ihen due, with any excess pald to Barower. N Bonower ebandona the �
<br /> , PropeHy, a doea not anewer wlthln 30 days a nolice Irom Lender that the In�urance cartler has oNered to aettle a ol�im.then
<br /> � lender may collect the Insuranca proceeda. Lender may uee the proceQds to repNr or reatorQ ihe Roperty or to psy tums
<br /> , ' aeeured by thla Security Inatrument,whether or nol then due. The 30•day perlod wIA bepin whm the noUee ia qNen. �
<br /> • '• Untsas Lander and Borrower othervvlae egree In w�ting. �ny appliutlon ol proceeds to princlpal shaC not extend w I
<br /> , poatpone Ihe due dete of tha monthly peyments referred lo in parprapha 1 md 2 or change the amount of Ihe paymenta. If i
<br /> undor paropnph 21 the Property la acqulred by Lender. Borrower'e riyht to any Meurance pdiciea and prooeeda reaullMp kom �
<br /> dam�qe to the Property prlor to the �oqulaldon aheN paee to Lender to the exlent ot th� eums by thl� Saaunty Instrum�nt
<br /> :� immtdlately pria to the acqulal�on. '
<br /> .� > �,
<br /> �••� � .___ _ B. Oaeuoancy, Proaorvatlon, Mvintonmcr! and Protoction of th� Prenoety: Borrowor'a Ln�n �
<br /> ' � • � � Appllention;�loaiYholds. Bortower aheN occupy, eatablish, end use Ihe I'�operty�s Borrower'a prindpal realdence wHhM �
<br /> � � sixry dsye aker the exacuUon oi this Securfty Instrument and sheM continue lo occupy the Propetty as 8ortower'e prinalpel i
<br /> �, residence tor at least one year aRer the date o1 occupancy. unt�ss Lender otherwlae eqrees In wrttinq,whleh consent shel nol
<br /> :� �f be unraasonably wNhheld,or unlesa extenuaUng circumstances exist which ne beyond Bor►ower'a conUol. Borcower sh�ll nol (
<br /> � ' � �#'�:' deatroy, cLrtwge or impair ihe Property, allow 1he Properly lo deleriaate. or commN waate on ths Proper:y.8ortower ahell be In '
<br /> • : .�• � '��•�.� ,�
<br /> � �� �,' •: ;-�''•, ;'.,• defeuN N any}or}eiture ectlon or proceeding, whether uvll or crlminel, is begun Ihat In Lender's good faAh�udgment could resuR
<br /> � '. 1.{,'..;,:;t' in torfeflure of the Properly or othenvlse mateNally Impai the Ilen creeted by Ihis Securtty Instrument or Lender's secuHy IMerest.
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