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<br /> a°�'�:�.+� • � TOOETFIER WITH W th� MnprovwrNnb now or huMftK�neted on th� W�1Y��nd �N��mnts.�pptMt�noM, �nd -
<br /> -- ---= � �cRlns now o►hMM11M' �pYt oi tfN prop«ty.A1 npbo�N�and�ddNbes�hN Wo b�oovrnd by thM aolMty MwtnnMiM. �
<br /> -- AN d tM IorpoY�01s tM�rt�d W b t1As 8�ourNy In�tnrnrnt w ttN•Rw�ty.• (�
<br /> - ----_ - EQFlPO@I+ER GOME��.Ntlt NW AarovMr is iwvkiNV s�ftW of th� M1N� h�nby oonvy�d and iM�ih�dpM b p�nl �nd�1
<br /> -- � drMd p��lf►tIN tlIM to NN Prop�Ay�p�N�!M ta�Mlnx���ii�d�,wb�J�o��y�oM of noordwrmis.n�i wfii--
<br /> - �r.: �ti�,,•s.. Tt+18 sECUatn u�lisrnuMENr oombw,.. unNam oor«w,t. 10. nMion�l u•. .na non�ll«m oov«wN. win
<br /> +•.�.. YM�1{Of1t by�tMI�Of�Ofl l0 OOfIfiMYb�YflMOf111��II�I IMMtM11Mll OOYM�IQ f'w pf'OpMiy.
<br /> _ � ' UNIFdiM COVENANTB. 8arow�r�nd L�ndK oov�t�nd�p►�a�Iolows:
<br /> ::�„�:.�,: �::r, ,.. 1. Pa�n�nt of Prtnalpd and Inbn� P�paym��t and L�l� Char�. 8a►orwr�h�N pron�y P�Y
<br /> •i �""�a"r:i;�i�:„M'•��-., dw thap�ncipat ot�nd lntx�st on the dabt a+rldmced by th�Nob�nd.ny pn�ym�M�nd Mt�clwy�s dw und�r Ih�NW�. _
<br /> ?,,..;,�4,�� �. Funds tor Taucw and Inw►anc�.3ubj�t to a�lio�bi�hw or to a wrNt�n w�ivK by l�nd�r,Bonow�r siwN W�
<br /> __ �_� to L�an th�d�Y�NY WY►nmu w dw u�cMr th�Not�� wWl th�Not�u pNd in IuN.� �uin('Funds')lor. U)ll�b
<br /> �,.��?•��° y. Was�nd an�sun�nt� which may athin pdodly ovr this 8�ourfly Inshwmnt u � Mn on th� Prop�tY (b) Yw1Y M�whold
<br /> - �'��-�'-- � ��� M�n�y,(�i) Y�rN�mort0�p�intu►+w�a p'Mniu��d(fl�ny�swns pay�bM��r o L�dw�ccctd�nw
<br /> s�itektL. � P�+�'
<br /> ,i�tti..�rr - witYh th� provislons of p�npraph e, In Y�u of th� p�ymmt W matp�p� inwnna {x�ns. Tha� RMn�art c�d 'Esaow
<br /> — --- . ftwnt.' Lmd�►nMy�at�ny tln►�. coM�ct�nd hold Fund� In an arno��nt not to �xasd th�m�xknum amount a Nndw fa a _
<br /> �': ' ... .: bd�raMy ►�ht�d morty�p�lan may tpuin for Borroww'� �saow account under th� t�drd Rwl Etttl�SMWrtNnt Pro�r�s
<br /> .�,� ' �
<br /> y�,:,. ,.,;•�_....�.• . . .�E� Ad of 1974 as artwnd�d trom tNrN to ikn�.12 U.S.C.�2601 �t sp. (•R£SPA'1� unNu anothr Mw that ap�Ws to ffi� Funds
<br /> i �. , sKs a I�sw unounL If w� Undw rtry.at any tkm� coN�ct and hold Funds in�n unount tat to wccMd th�Mssu amant.
<br /> �-:`�',1:�::�.a,,..�,;`r.�;:~ Lpnder may�stlmtt�tht �nwuot of Funds du�on th�basls of art�nt d�ta�nd nisorwble �tt�nata of s�w�di0x��of itfiu�
<br /> . __ �.. Escrow ftwns or oth�nvis�h accord�nw wkh appWubN Mw.
<br /> + • Th�Funds th�M b� h�ld in an InstituUon wlws�doposKa ue inwt�d by a t�d�rat�ymcy,hatrunwnWky.or mtity(indudhy —
<br /> � . l�ndrt.q Under It wch m in�tltutlon) or In �w►y F�dr� Han� Lan Bank L�nd�shY�ppy ths Funds W pay th� Escrow
<br /> ��• •• � M�ms. Lencwr trwy�ot ch+rq� Bortowr tor hoidino�nd�PPM„0 tM Funds.annwMy�HrinO th��aaow account.or vwMyM�p `-
<br /> � the Esuow R�ms. unbss l�nder p�ya Borrowr (nt�t on th� Funds and appWc�bN kw penr�lts lend�t to m�k� wch • --
<br />: 3; . . ch��. Howar. L�ndK m�y nquY� Barowat to pay� on�-tim� ct►ar{�fa an ind�paid�nt rnl atate Wc nportlnp =ervice
<br /> � used by Lmden c �onnktlon with thts Iwn, unNss appMc�bb Mw provkies othuwta. Unl�es �n ayn�rnmt b m�ds or
<br /> „p_ • • apppa�blo I�w requir�a{ntrest to b�patd.Lender shs�not be requkad to pey k3arowx any intw�st a wrAnQs on th�Funds.
<br /> �,F . .:�'� BortowK and L�der m�y��M In wrqiny. how�ver� that IntKat shaM bs paid on th�Fundc. Und�r shaN qiw to BortowK,
<br /> � wflhout chuye, �n annuai�ceountinp of the Funds, showinp cndMs and dabHs to !h�funds and tht puryos�tor whleh Mch
<br /> * debit to th�Funds w�s m�d�. The Funds ar�pkdy�d�s�ddkiorn!s�curMy for aM sums�ecund by th�S�cu►ily Instnimw►�
<br />:.,;' . H the Funda hMd by L�nder excNd lhe�tnaunts p�m�teed!e bs hdJ by a�►flc�bie I�w.LendK sh�N�ccount lo BoROwer
<br />�`�� for the pccess Fund�in �ceord�na wkh the roqukernrnts of�prlie�ble I�w. fl tha �mount of th�Funds h�id by L�at u►y
<br /> ' , , , :` tkn�ts not w(Ad�nt to p�y th�Ecuow ItMns w�on du�, L�nder rrwy so nolMy Borrow�►h wrkinp.and,In wcA as�Borrowr
<br />- . ` �- , shaM pay to UndK ih� anaunt n�cusary to m�k�up th�d�Adm�y. Bortow�r sh�l m�k�uP th�d�i��Y h no mon than
<br /> .' •,�� tw�lv�monthlY P+►Ymmt���t L�ndK's aole discretlon.
<br /> • � Upon p�ym�nt In tuN af at sums s�cured by this S�eurMy Mstrumait. Landu sh�ll prompty rMund to 8ortow�r any Funds
<br /> . . -------':'a;:-- -, hetd Dy UnM►. If.-undar PuayraPh 2i.lM1tJK siali�cquh�x i�0ii iha FiopGty.t�id���20!!ie II�0!!�[�Of t!!e
<br /> ��. , t� .` Property. sh�N�ppiy�ny Fund�heid by Und�r at lh�tYn�of�cquisitlon or tal��s � a�dit a�inst th�sums s��d 6y thia
<br /> " ' . 3ecurfty inatrument.
<br /> � � 3. App11C�t70t1 of Paymanb. UnNas rppAc�bte I�w providee otherwiae, aN paymaib nceiwd by L�nder under
<br /> • p�r��apht 1 and 2 shaM be Mpplled: flnt,to any pnpayment charyes due under the Note: tscond,to amottnU p�yabie undar
<br /> pivapnph 2;ttiMd,to Interat due:touAh,to prindpal due; �nd Iaat,to any fat�cMry�t due und�r the Not�.
<br /> , . 4. CI1���s; L{�n�. Bortowa shaN p�y �il Uxes, ass�atma�ta, ch�ryes, dnes and MtipodHons athfbutable to the
<br /> y Rop�rty which m�y altain priarily over thla Security Instrummt, rnd ieaa�hold payments or ground ronts, H any. Botrower ahaN
<br /> � pay thes�obNyatio�t in the minner provided in p�npraph 2, or B not paid in that mmner.Borrow�r ahW p�y thNn on ihN _
<br /> � , dkaetly to ths person owed p�yment. Borrower shall prompUy luml�h to L�►der all noUces of amounts to be p�(d und�lhis -.-
<br /> �• � paraynph. If Borrow�► mYt�s th�s� p�ym«ttt dinctty. Borrow�r shall prompUy 1urnitM to Undr r�alpts �vid�ndny th� -°
<br /> �,,� � WYment3. r:.
<br /> 8orrowx ah�li prompty discharpe�ny Ilen whleh has prlorily over this Secwity InsWment unbsa k3ortower. (�)�9ree� h :`;
<br /> � wrlUnp to th�p�ym�nt of the oblip�tior► tecured by th�Ilet►In a rrwnnx aceepLbb lo lender. (b} conteata in qood f�th the `
<br /> • i Ne� by, a ddmds a�imt enlacement of the ibn in, kgd proce�dk�ys whkh k► th� Lmder's opintar► opuat�to prwmt th� _
<br /> �`• � + � e�}oreemmt of lhe Ibn; a(c) aeeuroa hom the hdd�r of the Nw►�n agreement satial�ctory to Lender subordMwUnp th�Wn to _
<br /> thtt Securky InaVummt. if Le�dK det�mrnes that any p�rt ot the Property is aubJect to a lien wh�h m�y�tt�k�pdority ovr this
<br /> � Security insUument, Londu may yive Borrower a noQce identNyinq th�Iim. 8ortower shatl aat4fy th�Wen or Uk�an�or mon of =-
<br /> ' ' � . , th��cGons set torth aboYe Within 10 d�ys ot the yfvk�p o}noqce. �
<br /> � • � ' 5. Haz�rd or Prop��ty� Insuranco. 8ortower ahaq keep the knprovements now exlstiny or here�fNr�ractod on the ��
<br /> Ropaty Insured �y�inst bs� by tke, haiards includ�d wflhh tha term 'extended covenge'and �ny other hazards, includiny -
<br /> • lboda w tloodiny, for whkh Lendcr requkes insurance. Thls inaunnce ahaN be maNWned In th�amounts and for ths pe�lods e_
<br /> ,,_ ttud L�nd�r nqukes, Tho insur�nce cartler providk�p the insuranee ah�ll be chose�by Bortower subJect to Lendor's appnval
<br /> • wMeh shW not be unnamnably wNhhNd. I1 Borrower fails to m�k►Wn covways described abow. Lender rtry. �t Le�dK.s `-
<br /> opUon,obtak►covan9e to protect Lender'a riphts in the Prope�ty(n accordancs w�th para�h 7.
<br /> � ' '1" AM inwrance poYcin and renwvds sh�N b� acc�ptabk to lendx and shat indude a atandud mortya9e dwse. Lend�t
<br /> i. '� .�'' ahtA hav�tht ripht to hdd the polidts and renewais. If Lendx rpukes.8ortower shsl prompdy yhr�to L�nder�II reeeipis of �
<br /> � , p�d pnmiums�nd�ewd noticsa. In the avmt ot loss, Borrower shaM 9ive prompt notice to th�inwranc�carriw�nd Lw�cf�r. -';
<br /> Under m�y m�ke proof of bss M not m�de prompUy by Bortower.
<br /> �- ? UnMss Landa►and BoRawer othwwise ayne In writk►p,k►auru►c�prooeeds shal be appYed to nstoaUon a npak of the i"
<br /> � ` � prppwty dWn�p�d, M the natorntion or np�k is aeonomic+�My 1NSibb and lender's s�puky is not bssened. fl the nstoniSion or �_
<br /> _j. -; �'� �epair Is not�conon�cary iNSibie or L�nders sacuriry would be less�nsd.the Insurance proc�eds shdl be�ppW�d to the wms �•
<br /> - � • s�curod b thb Sewrity Instnunent, whelher or not the� due, with any excess p�id to BortowK. If 8ortower ab�ndma the �"�
<br /> -_ ' • ptopwty,ayr doss not amwer withh 30 d�ys a noGct from Lc+ider that ihe inwnnce c�rtier h�s otterod to sNtle�cyYn,th�n ��
<br /> �: ��;• LendK m�y collect lh� inw►ance procaads. Leedx may ut� the proce�els to reptlr or reatore th� PropMty a to p�y eums
<br /> ° s�purd by this SYa�ity Nstn�n�nt,whMh�r a not then due. The 30-day perlod wir bayln wh�n the notia b qN�n. :
<br /> �': � Un�s UndK �nd Bonower oth�wise �yn� h wriUny, any appYation of proc�ads to ptinapd sh� not nd�nd a �
<br /> - , pottpon�th�dw d�te ol the monthly p�yma�ts rotertsd to in paraprapha 1 �nd 2 a chanp�th�amount o}the p�ynwnts. fl .
<br /> _' �,r.:::�� . ., wMr pr�praph 2/ihe Prop«ty ie aoquk�d by L�nder. Borrower's tipht to�ny Msutino� poYcl�s�nd procNds nculti�p Irom .
<br /> _-� e.i,:�=.:t`:' d.m.9. co tht FrapKty ailw to u,. .oquaWon sn.r Pass to und.r to th. na.nt a u�.waa by ttAs s.arity k+stnrn.nt ;
<br /> i.ut_, i:.
<br /> - klrlMf�IJI pf10I t0 UW�0�li�llbt�. -
<br />_ ���� 6. Occupanay. P�rvation, Illl�int�nanc� and Proacdoe a a� r.op�riy; oorrw..r's i.v:i� _
<br /> . ' Applicatlon; L��lald�. eomowu�twr oowpy,est�blkh,and u�e tM Rop«b a BaROV+w's p�i�t rastdM►a wKt�in ,
<br /> T, � ..:;�,.. NidY d�yi apK tM�ouallon of thk S�ctrily Instnmwnt �nd shN aonUnw to oociqy 1M PtopMty a Barowr"s pri�ofpN ,-
<br /> ;� � �noo tor�t Nut one yMr dtr tM d�te of oaaip�ncy,uni�s Und�r oth�wiat qMt h wtMinp.which oonsw�t �h�l not
<br /> p�tr�nno�wbly vrihlNid o►uiNss�od�nwNnp dra+mttanus aitt whbh�b�yond Batoww's oontd. BoROwu �hN not =
<br /> - - dwtoy.drn�y�or imprr tM Prop�l!►.atow tM Ro�tY to d�twioot�.or oo�m�it wut� on IM P�ap�tY.Bartow�r sh�M b�h
<br /> dMM+lt M�nY 1or1�Mw� �clbn a ptooe�fnp. wh�tMr dvi at arYeMwl.k bpin th�t h Und�r's pood i�kh Judynwnt oaild nwlt
<br /> h to�l�Nur�d th�Pro{�ry or athwMM�matwMN Yrip�fr tM Nn an�t�d by thix S�eaNY M►strum�nt a L�nd�r's s�eirity Int�nsL
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