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<br /> " . TOG�TFfEF� VUITH all tho I;nprovcmcnto no��+ on c�rcaftcr crccted on tho properiy, and c`I canc�cnt�, cgpurtrnanca, t:�d ---
<br /> • tixcurc� ao�! 0!hC7C31IM U p314 0}1I10 pfOj)crty.!UI rc�!accmcnto nnd add:Unn�ahcil nl�o bo Govcrcd by thla&ocurSy In�t�ur�icnt. --
<br /> AI of tho torc�o,�p I� rc'u�c�to In lhl�:ccu��ty Inct�ur�itnt�o tho °�'iol��rry." ,
<br /> BOFiFlOYY-eR CO�NANY3 tiiat aorrowa Is I�v11i:y oc:zc�t oi lho cat�to hcrcby convcycd c�id hns tho rt�ht to ��cm cnd ���
<br /> „ . convcy tha Rroperty snd that the Property�S imer�cum6ered, except tor encumbmnce9 01 recard. Bn,TOwar warrante and w!!1
<br /> defend gencrafy the tftte to thn Property ngainat nll c(alma end dcmand�, oubject to any encumbranca� 01�ocord, _ ,�;�.
<br /> � �• � THt� SECURITY IN97fiUMGNT combin8� unHartn covenents tor n�tional uae and non•unlform covc�iento �vith Ilmited =•-�A
<br /> � variAtion9 by juri�dlcUon to constituto a unifortn aecudty Instrument coverinfl real property. :',:'�,, .?
<br />- UNIFORM CdVENANTB. QoROwa�nd Laidex covemnt end�tgree na foflowe: _ �;;;:';•=_-�`"
<br /> 1. Paymont of Princlp�l and lntsr�st; PrepAym�nt and I.ate Chtrflsm.BoROwer ehnN promptry pey when =�"�"�
<br /> due the pdnclpel ot rnd Intereat on the debt evldenceol by the Nota Qad ony pr:�y�n��4 cnd Wto ci�cryc;, ciuo uiula•tha Pdoto. ,,_ T,�:,�.," - '
<br /> " 2. Furedlo tor 7�x�o �nd In�ur�nGe. SubJect to appHca6le law or to � wrltten waNer by Lender,Bortowa sheM pay � "''°�=--
<br /> to Lender on the dey monthy pnymrnts are due under the Note, uniN the Note Is peid In NN,a sum ('Funda')tor: (�) yeadyr ".���"-
<br /> �. _T-��,,,
<br /> texes and naaessmenta whlch may atteln prldrliy over ihl3 Security Instrumont es s Ilen on tha Property; (b) yeary leaaehold .�:,,+���?r.-�—
<br /> a ente or round rente on the Pro M an (c) yenrfy huard or roperry Insurance premfums; (d) yesrlyr flood Insurenee ��:K r,.'��===�
<br /> P Ym 8 P�Y� Y P ,•��;��•-�:
<br /> premluma,11 eny; (e)yeery mortgage Insurance�remiums,It eny; end(Q any euma paya6le by 8orrower to Lender In nccordu�ce ���:}�;.�,��,,p;
<br /> with tho provlalone o4 pnragtaph 0, in Ileu o1 the payment ot mortge�a insursnce premlums. Theae ftems aro caNed 'Escrow ' `����_+?'•
<br /> .�,-,;•>::,.�_ ..._
<br /> ,. Ite�s.' LcfidN m�y, ot any tlma, collcct and hofd Funds In en emount not to exceed the r►uxlmum amount e lendn�tor e � �t�=`°`'-----
<br /> tedera related mod a Ooan may �equiro(or portotver'a eacrow account under the federel Roal Eetete Setdement Procedures � ���•'�b'-�`����
<br /> 9I► 9i►9 •,.����_.__�
<br /> Act of 1874 aa amendeci(rom time to tlme,12 U.3.C.�?.601 et seq. ('flE3PA'), a�lass another !aw thet a {le� to lhe Funds ,i,-• ``z14=e=�--=
<br /> AP a#::o_ _ -
<br /> . eete e lasaer amount. If so,Lender onay, et m�y t(me, coVect end hotd Funds In en nmount not to ts�cceed ihe lesser emoant � ' `����
<br /> Lender rt►ay naUmate the amount of Funds dua on the baslu of current datn end reesonnblo eatlmatea of e�endlturea of(uture - .TM-=•�-----
<br /> Escrow Items or otherwlse In sccordance with epplicable law. • `; �.<_i,�.�:_:----:
<br /> Tho Funda ohaY be held In an InatftuUon whoae depo�ite are Insured by e fedenU epenoy,InsVumenta6ty, or entity(k�dudk�p •;�a�,�-"'"�-'�'-�
<br /> „ . Ltnder, It Lender la such an In�Ututlon) or In any Federal Home Loan �enk. Lender ahafl e,ppy the Fund�to pay the Eaaow ,. _
<br /> ' Iter�is. Le,ider nwy not charfla Borrawsr far hald�c�nnd apptyl�g tho Funds, annuelly ert�tyting the cscroty accaunt, or verEtydng � ���__ �
<br /> the Eecrow Items, unless Lendar pays BortowH interest on the �unds and eppilcabie law pem�t� Lender to make euch e '�,�m�...•�--
<br /> " ,, charge. However, Lender may require Bortower to pay a one-time charge for an Independant real est�te tex reportktg eervlce --
<br /> used by Lender in connoction wlth thls loan, unless eppl!cable law provldos otherwlse. Unless an sc�reement Is made or ��
<br /> appllcuble Mw requlres Intortst ta be paid, Lender ahall not be required to pny Borrowe►sny Interost or eamings on the Funds. -Y';�
<br /> • Bor►ower end Lender may agreo In wrfUng, however, that Interost oheH be peld on the Funda. Lendcr sh�H ghre to Bonower, � _
<br /> without Gharqe, an annual accounting ot tha Funds, showing credits end debRs to the Funds and tho purposo(or which each �°"`'-'"'-.
<br /> debit to the Funds was made. The Funds are piedyr.d as addiUonal securiry for all sums aecured by the 8ecurtty Inatrument. - - _
<br /> N the Funds held by Lender exceed the amounta p�rmitted to bo hHd by nppiicuble law,Lender shall account to Borrower , -= =-
<br /> for tho excass Funds in eceordance with tho requfrements of applicable law. If the amount ot the Funds hNd by Lendor at any ;r ••r•==--_
<br /> Gme Is not su}dclent to pay lhe Escrow Items when due, Lertder may ao notity BoROwer in writing,and,In auch case Bortower �x'"°°'"'�
<br /> -- shail pay to Lender the amount necessery to mako up the deflclency. Borrower shell make up the de}Iclency in no more than ...'�
<br /> twelve monthly payments,et Lender's sole dlscreUon, - _
<br /> _ Upnn payment In full of n0 sums aecured by thls Sncudty Instrument, Lender shall prompUy ratund to f3oRawe:�r eny Funds ` • .
<br /> ---- - - � ��u
<br /> ;� , . held by Lender. If,under paragreph 21, Lendor shall acqulre or nell tho Property, Lender,prlor to the ecqulsltfon or sale of the ,
<br /> , ' Property, shall uppiy nny Funds hold by Lender at the tlme of ncqulsitlon or sale ss a credit egainat the sums secured by this .. �
<br /> Soau�ily Instrument. <t
<br /> 3. AppllCetlote of Peymente. Unless applicable law provislos otherwlso, all paymenta recelvod by Londer under ''- ' .
<br /> paragraphs 1 and 2 shall be applled: first,to any prepayment charges due under the Note; eocond,to amounts payable under
<br /> paragreph 2; thlyd,to Interest due;fouAh,to principal due;and laat,to eny lata charges duo under the Note. 1� �,
<br /> 4. Cha►gYS; LlYns. Bortower ahall pay all texes, aesossmento, charqes, flneo and (mposflions atUlbutable to the `�' ,
<br /> Property whieh may attaln ptloAty over thls Security Instrument, and leasehold payments ar ground rente, If any. Borrowa shall .
<br /> • pay the�e obligaUane In tha manner provlded In paragraph 2, or 1f not pald In thot manner, Bortower shell pay them on Ume i,�^,: ,,
<br /> � direcUy ta tho person owod pnyment. Borrower shall promptty tumish to Lender all notices of emounta to bo pald under thla ' �*r � . �,
<br /> paregreph. I} BoROwer malcos lhese paymenta directiy, Bortower shall prompUy fumish to Lender receipta ovldencing the I. � c•.;��
<br /> ' payments. , .
<br /> Borrower shall promptly disaharge eny Ilen whlch has prlority over thls 3ecurity Instrumsnt unless DoROwer: (a) ngreas In � �
<br /> writing to tho payment of the obllgaUon secured by tho Iien In a mannor acceptable to Lender; (b) contesta In good falth tho � .,y'' .�-- -
<br /> . Iien by, or datends agalnst enforcemont of the Ilen la, legal proceedings whlch In the Lender's opinlon uperate to provent the , � �_
<br /> enforcement of the Ilen; or (c) oecures from tho holder of tho Ilen nn egreement satisfactory to Lender subordinating the Ilen to ' y', � "
<br /> this Secudty Instrument. If Lender detertnlnes that any part of tho Property Is subJect to n Ilen which mey attaln priorily over thls =%r �� �
<br /> '� 3ecudty Instrument,Londer may glve Bonower a notice identitying tha Ilen.Borro�ver shnll satlsty ihe UEn or tnke one or more of
<br /> . �I the acdons set torth abovo wlthin 10 days of the giving of�otice. � �
<br /> I i���
<br /> �� • 6. HAZafd or Prope�ty Ir+surance. Borrower shull keep the Improveme��ts now existing or hereaker erected on the , .�.s
<br /> Property Insured agalnst lose by fire, hezards fncluded within the term 'extended coverage' end nny other hezards, including � x%�
<br /> , tloods ar flooding,lor whieh Lender requires inouranco. Thls Insuranco shali be malntained In tho emountn and for tho perfods � ,�, `�
<br /> thnt Lenda requires. The Insurance cartier providfng tho Insurence shali bo chosen by Borro�ver subJACt to lendw's epproval r;�-
<br /> which shail not be unreesonebly withheld. Ii Bortower fells to malntein coverage describod abova, Lender mey, et Lender's � ��"-
<br /> ' optlon, obtaln coverego to protect Lender's rlghta In the Property In accordenco wkh pamgraph 7. S� �
<br /> All Inaurenco policles and runewals shall bo acceptabls to Lender end shall Include a standnrd mortgago clauso. Lender � �;,:
<br /> ahali have tho dght to hold the polictes nnd renewais. If Lender requlres, Borrower shnil promptty glvo to Lendcr ali reaelpts of � �` , � .
<br /> � pald premlums and renawal noticos. In the ovent oi loss,Bonnwer shoil gNe prompt notice to tho Inaumnco cartior end Lender. � • _�
<br /> Londer may mako proo}of loss if not mado promptty by Borrower, �
<br /> Unless Lendor and Borrower otherwlso ngrea In writing, Insuranco procoods sha� bo applied to rostoretlon or repalr o1 tho
<br /> � Property damaged,i} thu restorc►tion or repuir Is economically teasibte and Lender's aecudty Is not loasened. It the restorntlon or +
<br /> � ' repalr Is not economiculy(easiblo or lender's aocurity would bo lesaened,tho in3urnnce procoeds eholl bo applled to tho aums �
<br /> sucurod by this Security Instrument, �vhothe► or not then duu, with nny excess pald to Bortower. If Bortowar nbandono tho �
<br /> , �• Property, or doos not enswer withln 30 deys o noUco hom Le�der thnt thn Insuranco cartier has otlered to seriio a claim, then .
<br /> �. Lender mny collecl tho Insurenco procoeds. Lender may uso tho procaeds to repair or restoro the Property or to pny sums ,
<br /> � secured by thls Security Instrument,whother or not+hen duo. Tho 30�day pertod will begin when tho notice Is gNen.
<br /> Unless Lertder nnd Borrower otherwlso agrea In writing, any applicatlon oi proceeds to pdnclpal ohnll not eMend or , x
<br /> postpono tho duo dnto at tno monthry payments referred to In paragmphs 1 nnd 2 or chango the emount ot tho pnyments. It „ `�
<br /> under puragrnph 21 tha Property Is ncqulred by Lender, Borrowar's right to uny Insurnnca policles and proceeds rosulting 1rom
<br /> + damugo to tho Propc�ty prior to tho scqulsition shnll pnss to Lender to tho oxtent of tho sums by thls Securtty Instrument �
<br /> -.- .._ � _.. . �.y��w�i��ww..l�Utww
<br />____-. _ .---.. -. .. :-- - ntn�tw�v�ci� �nM �v�rtv avywvr�r�n..
<br /> ' G. Occupancy, Preservation� Malr�tenanse end Pralectlon of the Praperty; Bor►ower's Loan ,
<br /> , Applica4losr, Leaseholds. Borrower shnll occupy, astnb!lsh, nnd uso t��o Property as Borrower's prfnclpnl rusidenco within
<br /> sixty dnys otter the executlon o} this Secu�ity InsUument end ahnfi contlnuo to occupy the Froperty as Borrower's principni �'
<br /> • rosidettce ior at Ieast ono ycnr after tho dato ot accupancy, unloss Lender otherwlsn ngreas in wriiing,which consent 3huil not
<br /> bo unrcasonably v�ilhhctd,or unlesa extcnuatfng circu:ns4nnccs Qxist which aro boyond BoROwcr's conlrol. Borrotivcr shall not
<br /> " desVoy, damapo or Impalr tho Property, nllow tho Property to deterlomte, ar commit wasto on tho Property. Bortower ahall ba in
<br /> ; „ defauit ft any(oHeituro action or procaeding, whother cNll nr cdminnl, Is begun that In Lender's good lnith�udgment could rosuit
<br /> t in Torfeiture of tho Property or othervvlsa matcKislty Impafr tha Iien creatod by this Sacurity Instrument or Lender's secu►ity Interest.
<br /> ,�
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<br /> F131�.LM0(10/93) P1Qa 2 of 5
<br /> � 93211 � ,
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