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<br /> .� :,'V T0�«IRF[e�Qte ft�totiem�'ts aav�or�he�.tt�eceted o�ths P�A�t.�! �ss�tetRS.a�anca. end , �S ��� �'�;-
<br /> =ti a 4 `� � ' � , t��p�p n♦v�a ar R��ter e R'.tt C1 the p�m+�pe�yl•�!���[taCl9nesit�fln�dyy�Wns Sl�9 0�o D9 wvaed Dl'ti��tY trfsUt�t6�. � .` ���z�,,._
<br /> . _.F 'i"'_`, � • LVJ V!�iV�}i��'�"'�����W""'��'•�_��Q�`,Y��`- � ` , • • . ' _ f 5 L ...� '� ��.f.'�'r. "—
<br /> _-�-ti so:a3a�,�} co;��•.�ts�s eo.�::�a �rn�r ga�a ot�e��r�rn,eyet+8na��na �t�t co�m�:a . _ :�.-,<� ;
<br /> _ � cesrrcy the Fl�opeR,y�d thsi tna RaA�t1►t�ua�curts.:esM �it toP encumLT�ces ot�rd Basrativeg v�aaen�end w� . ,'..-_%�� � M1 :-„
<br /> .'�� `�' � d�and g�c:ee�Y�S t�ieto tha RoO.ab e�st e9 c6ztir.s snd dersnda subJ�et to atry�:eu�rences a!eecasd `:'s .•. , . �: ,.�r.
<br /> - � . • .. � • THIS B�CifFiITY i[�iRUl1�.2M;carnb�a ungarm cov� tor �or.�l usa �sd nort�mlwm ero�r�esnb w�h Qr� •.' �;4 °„�'.•_ `.°.'•�_
<br /> ;�•. r � • 11a'l�3Z�.0(t��I�lli�Sf�.fQil t0 C0118�(t3�IQlKOTRI 89QQ$�(115�lUIRtfI�COV6$iia[6PS QIOR`.�/ . ..,. ._�.,, ,, �`.��i�.;
<br /> • ` UHIf6AM CO1fEi'7ANT9. BertIIwe and lender cav�nnt aa�d egrc�as ta8awx ' •
<br /> .� ' ,` .,' . - 4.Paym�nt af�Ht�rdp:1 snd tnt��as� PraAaym� � .. :� � `-
<br /> rt utd taM�tsr$s�.Bairower aAa9 prer�y►v�Y wh� '�`�.,. 1. ,,--
<br /> • . '. dua tha prEnr�pat ot mtd frtcas!aa tfie�t avT,det�d EY tho l�tote 8Rd�ry�tepayn:eM en0 I�s cnargs�ta tmder tfle�tate. - =
<br /> . � . 2. Fun�s t�r Tex�s and Insuranem.�;eet to syytf�aDa't�v or to o w�2�waHer by lertder. e��e�psy , • �
<br /> � , w l�nd�on trie day montt+i�PaYma�ts�ra Eae�nder the Nota uh47 the.Nute b pa;�tn fu�a sam('Fund�s`)tar. (a)Y�!► � - '
<br /> � ���t taxes snd assessm�wih�ma5► � Dflo�Y aycq tf�ts 3ec�u�ly Inshurtsert as e� an the Prap�tR ib)f�Y lea.¢eho;d > ,
<br /> � pay�n�is or�owtd�ts or t�1e PropertY.@ an7� t�Y�Y��°f P�9�Y�f�'�td?Y�'J�d� - :
<br /> -- . . . . pra�uns.H etty.(e)YeadY tnottga3e�r�tW Pra�.a�Y�d(�1�f�P�Y""�:s 6y Bortawa tn lettder[n eu�nee . ,. , ` •
<br />�� . w8h tha prmrEsfans o!�xm�aM e.irt Qeu ot Me paym�nt ot maAgaga fnsivance pr�ums. lhese items ete�`Esan:v ... '
<br /> _— " " - {tems,' lend¢r ma5►.�arry ttms. coSect and hotd Funds in en ama�u►t not to exeeed the�naun emowit o I�d�tar a � . , ,
<br /> ' � tedera@y c�ed atortge3e ta�maY�utre for Borra�+rei's escmv aamu��sdc�ttte teQerat Rw1 Est�SeSi[eme�tt� � , :
<br />�,= . •' '' � � ' 'Ad af iS74 ss a�nestdcb lram fTme to 6�rse,12 U,9.C.��01 et ssq• �PA�.imIess anoUt�faw tt�apygc.a to Ne Funds < - .
<br /> — . � � , seb a tess�smoemt f�ao.Leider may.at ersg�ae, �"LeC�end Aatd Funds tn�emwmt nat to eameed the tess�artr�wd. ,, � 4 }.. .. .
<br />-- • � � Len�ma]l�n�e the armoum oi Fimds due�n L1a 6asf�at arred dala end�easonaDSe es�nates ot e�om�s of fuNre °, .. , ..
<br /> �-,;.; :' " . :..c �` EsQOw Rems ot atlten�se in aaar�.�ce wah sPGgcaL[e taw. ' �
<br />-. . . The hue3s shsY be hetd tn en[na�tIan whose de�osits ete tnsured by e federal agm�y,tnstrum�ffi�ly/.e►e�fi}►(�'��9 . .
<br />��. :, _ . Letde► J Lm6er is such an Instffittton)ar in arry Fede�al Hat:�Loan Bank Lettde sha:i eppiy the Fimds to pay Ma Esaow . _
<br /> ,�. ' ftems.Lend�m3y not chesSe Bortawer tar hoS�sg end aDP�9 tAe WnQs�enrnta871 enaty�ng the esawr acewmL or veNy'�n9 .'.� , .,.
<br />-��_ �:• ' tlte Es�sow Kens. unless Lasd� pays Borra�x� tMerest on the Funds and appIIca6Ie taw pert�ls Lsnam to make sach a . � .�
<br /> .,�, � sow ` ..
<br />--�--.J'= ---- -= ct�s�. How�ic� leid�s r�}I t��Bartatv�to Ps�! a onefime char9e tor en independ�t [�1 es�ts fmc rePo�g ss+rice ___
<br />�,�:.�� . ` ,. . us�b]►latdct ta eannecttan wftA tNs toan. �s aPDIIrabfe taw Prmridn athe�vis� Unless en a��ncxit is made or ��— :• : �. .-��-: -
<br /> r ,
<br /> a��2a law requires 6rtesest to be pai�.Lenda sha➢not tie requhed to pay Bartaw�atry 6►tet�t ar prteittgs aa ths Funds. r. ...
<br />_�. `. �•;_..: � '` Borrower and L.eid�may a�ee In wrgtng.haw�v�that fntr�c�i sha9 be paid on the F�mds. I.�der sha:l STve to Borrawer. � . , ' , �, :��. • �
<br /> . w3hout ct�arge.an ennuef ecca�mting nt 8ro Fimds.showing ae s�end deDRs to the Fimds and ihe piapose tor whieA each . �`.,=`�5',•'_•'.:. --r�-•.
<br /> `:i: . . . ' •deb�to fhe Fuc[dr was msde. Ths F�mds ere pfedgeb as aQd�(onal seatrfiy for eB sums sc�cred by the Seciuft�l fns4urtsert. ��::�:'r,��=' ` �
<br /> . It the FuncES h�d by LertdEt�ceed the amoutrts pQnnilted to be hdd E:y r�p�bte[aw.Le�der sha7 a�ecouM to Bartower . . .�;.,
<br />_ 1-- - - - tor the excess t'-unr3s(n eaoe�dance wfth tha �rts af eppIIcable la�v.f4 she erttaurtt af the Fun6s heid�by Lenda et sny - -.------�--=--�-��"�
<br /> . ao da nequU�n �= -
<br /> . �� ttmo Is aat suf6dent to pay ffie E4aow Itens wAa�due.Lertde msy sa naLE/Bortaw�tn wr[tng,end.ln sueA case Borraw� ',. -�,,•=
<br /> . ahs8 pay to I�endes the emoimt nscesraN to make aP tAe de�cfeney. 8otrawe shaU rtt�uP the Qefld�tiy In ao mare tttan � � .:. -
<br />�, � � _ • t�vehe monthty paymertts.et Lendar's so�e�scsetttton. • �. - .>�.�
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<br /> ' � �Upon paymerti[n fuU o1 aD swns seaued by this Seauiry InsWm�t.t.ender shaA Prar�ptty ref�md to Borrow�e�l Funds .
<br /> ' he(d by Lsider. H,undet para�aph 21.Leider ahaA acquire or se�tAe Properry. Lend�.pder to ihe acquEsftlon or eaio of the ' �s :
<br /> � � • , P,tsa,perty.shaD aPDiy ecry Fund�hela by Lender at the tF,iie of acqutsi@on or sata es a er�edti ec�tnat the eums secured by thts .. .
<br /> .� ; . : .�4aou�j fnstrume:t: ;r`. .
<br /> �. : S�. Appitcation of PaymeMa untess a�pgran!e t�r� provldes otAe�wise. efl Payme�s reee�red by Lend� und� ,:�.
<br /> 1 ra '
<br /> . ' ��hs 1 and 2 shaD be app4�d: firs�to enY VrepaymerA cfiargas due under the Not�second to emowits paya6Te und� ,,�'};r<��� •
<br /> ts
<br /> '" , pata�aph 2:1hVd.to U�te�st due:tourth.to pdnci al dY��and fast.to a�ry►tate charges due�mder the Note. �� .:.. �.f:+`'�,'
<br /> ' p ' 'r.. ::.�,;.' ;
<br />} ���.,, � , . 4. Cf[��e Lte118. Borrower she0 pay e11 taxes. assessmertUs. c4iarSes. fines and tmyosittons atbibutabte to the .
<br /> rtui.
<br /> a,. PropeRy whtch mar�attatn pdority ov�thts 3eciiAry tnsuum�L and teasd'o?d paymeMs or�ound rertts.U ett71. Bartower shail .. :�;F.�},. .
<br />��r.,. .� � . pay these o6Ugf9�.-ns fn tha mann�pmvlQed tn pata�ph 2.or if not pcsd In that mvm�Borrower ahaA pxy th�n on�tne •� .
<br /> .��t. , � .
<br /> . .j.�F„`�i.,, �'nl :
<br /> �� ',�;�>�;� '��, �ctly to the p�son owed payma�t. Borrower shaU pmmptly famish to Lender e0 notices of emaimts to be paId under thts
<br /> et� •,
<br /> a `�;'�?��. . ,. part�h. tt �o�row� maices these pa�nerts �recttY;Bortower shaU promptfy fumish to Lende► «�ceipts evtdendng the :
<br /> P�� � . • ,• '
<br /> Bortow�shaD promptty�sch9rga any Uen whIcb has pdorfry over thts Securtty tnsVumertt untess Bomower: (e)a�ees tn . . �=�% ;
<br /> . � . • wdtfng to tho paymeri of the o6Qgatton searerl by the Uen (n a manner acc�tabte to Lender. (b)cor�ests tn good faitb the f : � � ��•,
<br /> . -. Den by. or detends against c�ntarc�ment o1 tha Uen tn. t e g a l procee d f ngs w h f c t�Tn t h e L e n A e r s o p f n l o n o y a e r a te ta pteirent the . �9�:,-
<br /> entorcement ot the Qen;or(c)sea�from tha hoider ot the�en an a�eement satlsfactory to Lender subordnating tf�e Uen to f . •
<br /> , , thls Seeurity(nstrumem.H L e n der det e rt n fies t h a t arry P e rt a t�P ro P���b t e c t t o e Qen w h ic A m a y a t t a T n p d o r i ry a v e r t h i s
<br /> . • Seartry InsWrnent.Lender may gNe Borrow�e notiea iGetrtf`sF-�the Qen.BoRaw�shaD�2tIsgr the nen or take one or m,are ot
<br />- above wflhln 10 of the giving o1 notloa. � � �'. -
<br /> l the aWons set�orth deys ,
<br />� .' , �_ �f; 5.H�� �r PropoRy InSUfance.Borrawer she0 keep the���merns now exfsUng or hereafter ereded on the . • "�: -'
<br /> .w , PiropeRyr Insurcd agetnst toss by Rra hasards tndudsd vAih(n the term`c,xf�:ded covernge' end a►ry other h�de� tnc�ud'urg
<br /> , iloods ar ftoodmg,tor vrhlcA Lender requtres irtsmance. Thfis Insurence sheA be maMtatn2d In the amounts and for the perlods ' �� - ''�"
<br /> � • that Lender reQuires. The Insurance t�rrter provldtng the L��arance shaD be chosen by Borrower subjact to LenQe's�sraval . `
<br /> •�• whicfi shaD aot be tmreasonebty wlthhetd (t Borrower t�to mstnta(n coverage descn'bed abave, lendei may.EL I;eru3eYs i
<br /> opifon.oCtaJn caverege to protect Lender's dghts In the Pro�erry In eccardance with paragtapb 7. �` �
<br /> ' � AD lnsuranw po@des and renewaSs sAa7 be accepteble to Lender and sha0 Inctuda e standard mortgage dause. Lender ! _
<br /> � s�.a7 have tha d�ri to hotd the pbOdea end�r•nc�wets. �il LenQer requlres.BoRawer shell PrompIIy glve to LenQv ell receipts o1 f � . • � ..
<br /> ,:• . � l;•,;;. ' �DreMums and renewal no't.�.. In the e+rerii of lass,Borrower shaU ghre prompt nottca to the fisurance canter and Lendei. j � . .
<br />- ,,?,;.`.•., � p.axnl�may meka proof of tosa te�at made pramptty by Bc�wer. i ;i�:: •
<br /> • • Untess lmd�end Bortower otheiwisa agree In writing.Ensurance proceeds sheA be app�ed to restoraRlon or repsU ot the f °�r±~; .
<br /> : � propctty damaged,N the restomtton or repaU Is eeonomlcaIIy feas�le and Lenders sscurfty Is not tescened. H tha restoratfon or ; :.',.�r��'-
<br /> y:,; •, r�.pab ts nat eeonomlceQy teas�fe or Lendera saa�ritty woutd be fessened,the Insurance proceed9 shell be spp'ded to tha sums � �
<br /> ai y
<br /> . � ' sesaued py thb 3ecudty(nstnunent wheth� or not then due, wftb any �ceess pald to Borrower. H Borrower abandons the ;
<br /> : ; .;'. • �periy,or doG9 not enswer wSthin 30 days e notice trom lende►that the insurance cartler haa oflered to settJe e cialm.then i .
<br /> . . I�:der may coQect the tnsuranca procaeds. Lender may uss the proceeds to re�tr or rostoca the Froperty or to pay sums ,
<br /> 1•:
<br />- �red by thfs Securtty Inshvmant,whether or not then Que. Tho SOday perlod wm begln when the notlrs ts glven. � • _ ,
<br /> - . .� � Unlcs� Lendt� and Borrow� othenvlse a�eo In wrfUrtg, arry appffmflon o1 proceeds to pdnclpa! sheU nat c�d ar � .
<br />.}�� � . postpono the�ce Qate o1 tho manffity pa,r.�r:�reterred to In para�aphs 1 and 2 or chenga the amount ot the p4;^:ente. H ;
<br /> , � . ur�dc�parayapb 21 the Property ts acqulr2d Bry Lender. Bortowers dght to any tnsuranee pcQctes and psaceeds reer..�t:c:g irom ":
<br /> ` � • ''� ` damag�to the Propedy pdor to ffie ee�tsitton shall pass to Lender to tfia e�Qent of the sums by tN.Ss 3ecurity E-�umer� ; ., .
<br /> ' � imn:ed�tely pdar to the acqutskioa. � ' .
<br /> � . .' �.:,•
<br /> . � 6. Oceupatta.y. Rres�ev¢tton, Nlaintenaneo and P�aLeallon ot the Propeety; Borrower's Loan ,
<br /> � � � • . � AppliCatlOn; IAasett01d8.Borto►ver ahaU occupy.estahUsh. and uso tho Property as Bonawer's pdrtc4pa!resl6ence withtn ; . �
<br />; shdyt days aftet tho executlon ot Nts SecuMy tnstiument and shaU cor�inue to ouupy the Property es Berrowers prindpal .
<br />- .' resldsnce 4ar at(east ono year after the d9te of ocaipency.unless Lender othe�wlso agree9 On wtiVng,vfilcb cansent shall not �
<br /> a
<br /> " � bo unreaaonab.y vrlthheld,or uniesa mdenuatU�g draumstances e�6st whlch are beyond Bortov+GPa controt. Bonovrer sheD not : . �
<br /> � � 6estroy,damage or ImpaU tRa Properry.aUavr the Properly to deteforate,or commit wasm on ths PropeAy. Borrwver shaU 6e tn �
<br /> mm
<br /> Gefnuit b er�y to�felNro actton or procee�ng, whether ck0 or alminal,ts begun that tn lenQer's good fatth judgment coufd resufl ' �
<br /> � - in 1oRe1Nro ot tha i�iaperry at othervNso materlatty fmpatr the�en ereated Gy tht�Securtty fnstrument or Lendefe secur(ty Interest.
<br /> � � ,
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