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<br /> BORROWBR Cq'VxNA.NTB that Hottc+wer Is Iawfully seized of the estato hereby conveyed and haw tho rlght t,o grunt
<br /> w1U defend gene�ly th�tle to the Property�s&iainst uU elaimg aad demanda c ubject to uny�n umbmnBe ofwc+etcow���nd
<br /> UNIFORM COVENANTS•
<br /> 1. Pvymea�t at PrindpAl,Ltterest ana I�te Ch�r�e. Rorrower shnli pny���Den due the pri�uipnl oF.nnd indcrest on, �-_
<br /> the debt evidenced hy tho Noto and lata chargea due under the Nou.
<br /> a. Monthly Paymcnt oT Taxes,tasurAnoe�and OZher Ciwrg�s. Borrowcr xhall includc in ench menthly pnyment,
<br /> wgether with the princlpai and'i�►terest as set fotth la the Note and any late charga►, a Rum for ta) uucea and spectul
<br /> aRSes.gmentx levied or w be levietl agaana�ths Pro�erty.�(b) leaseho;d whi�ch tho Lend ru ust puy u murtgage�ts►�uiunr
<br /> (C)Pret�uums tor inaura►�cc i�y�•'+�:�;�....� �«r�r"r"�» .. ......., —
<br /> ptemium to the Secntary of Houaiag and Urbaa Development("�ecreuuy").or ln any year in which�►uch premium wuaiu
<br /> have ban�uircd if Lender ntilll held t!�Securi Lisuuraent,eacd month{y puyment Rha:l also Inctude either.(i)a sum for _
<br /> I
<br /> the annuat mortgage insurancc premiusn to be Paf by Lender w the Seerttary.or(ii)a nwnthly churge insuud of a moRgaBo
<br /> inaurance pnmium if thls.Se.c�t��y�e��nt is held by the Secretary.in a reasonnble emount to be deurminaf by tFie
<br /> Sect�etary. Exc�pt for the�nanthly charge by the Secretary.titese items aro called"Escmw Itema"nnct the sums puid to knder
<br /> aro called"Escrow FundA:' .
<br /> Lender may.at any Wne,callect and hold aimounts for Esccnw Items in an aggregau amount not w exaed the maximum
<br /> amount that may be required for Aorcower'a esciow eccaur►t uader tha Real Bstaro 5eplement Proaclure.g Act of 1474. 12
<br /> U.S.C.� 2601 �t �sea• end lroptementing reguladona. 24 CFR Part 3500. as they may be cime»ded from dme W tlmo
<br /> ("RBSPA"),excepc that tUe cuahion or rescme ge�miaed by RESPA far onantidpaud dlsbursemcnte er disbur�sements befnrc _
<br /> the Bomower's payments are nvailable in the accow�t maY not be based on amounts due for the mortgage insu�ranoe premtum.
<br /> If the amouats held by�nder for Escraw lums excad tha amounta peiadtted ta be l�eld by RFSPA,Lrndu Khd!deat
<br /> Bscrow Iteras hen a�Le der bmay no��ha Bomuw r�end r���eB brryo�dto make up�th shurwBe or def ten Y us
<br /> perenitted b RFSPA.
<br /> .me�sc�w Funds are pledged tus addidonal security for aU sums secnred by this Security Insaument If Borrower
<br /> tendem to Lender the full paymant of aU such suma,Horrowe�s account shall be credited wIth the bulance remafning far nil
<br /> installnxnt items(a),(b),su►d(c)and sny tnortgage insuraace premium tnstallment dwt l.ender has not bocome obligoted to
<br /> pay to tbe Secretery.and L,ender shaU proraptly refuad any excesa funds w Bomowa'• Im�a�iaulY Ddor w a foreclosuro e�ale
<br /> oP the Property or its uiaition by I.e�der, Bartower's accowtt ehall be ci+edited witd nny balance �+emait►1ng flor oll
<br /> Inatsllments for iums(a) ),and(c). �
<br /> 3. ,�pp���{ e�ts. A11 payiaents uqder P+uAgrnphs 1 and 2 shall bo applie�by I.ender as fnllowa:
<br /> �i�ths oage ineurauce Qr�emium to be pstd by Leader w tha Secntary or to the montlily ch�cge by
<br /> Stcret�ty ins�of d►e raontWy mortgage insivance pr�mium: �
<br /> �aw�,to my twces, speoial �ss�ssments.leasebold payments or ground cents, oad tiro. flood and otber
<br /> nsunna premiwns.as re9p�redt
<br /> to int�erest due under the IVote; �
<br /> to amoed�tion of the prindpal�nf the Note; •
<br /> to late cherges due under the Note.
<br /> . b7ood�nd Othar A�zarrt Indurana..�o�rower sdall inaure all improvemeats an the Pcopercy.whedKr now
<br /> in e�knoe or wb�equendy erected. again�t pny ba�ards.casueldes�and cont3ngencies,including tiro.for whtch I.ender
<br /> �u��suraua. Thta insurance shall b�'.muintatned in the amounts and for the pedodt thet Lender requires. AoROwer
<br /> abaU olso insum all improvementa an the Fioperty,whether now in existence or subsequently erected.ag�inst loss by floods
<br /> W the eutent requic�ed by the Secreuuy. All inaurance ehall be carried with companies approved by Lender. 'Ibe insuranoo
<br /> pollctes�nd eny ren�wals a�xi1 be held by I.ander and shaU include loss payable alauses in favor of.and in a form eeoeptsble .
<br /> w.Lcncic�'•
<br /> [n the event of loss�Bonower ahall give Lestder immediata aodca by mcil. Lender may mpice proof of bs�if not mde
<br /> prompt1y by Sorcower. F.eeh insusanvo edmPany eoncearned la hemby authorized 3ad dira:tcd ta makt payment for e�eh lon
<br /> dL+ect�y to Lcnder.instead of to Bomower and ta I.ettder joiady. Atl or any part of the insuraaa pmoeeds awy be spplled bY
<br /> I.ender.at ita option.either(a)to the nducdon of the indebudness undu the Nou end thie Securtry Instcumertt,tin�t to my
<br /> deliaquant anoun�v appllod in the order tn Paragraph 3,.end dten w pnpayrtknt of principai,or(b)m the tesWntion a e+epie
<br /> of the dun�ed prmpatY. Auy ePpucadon of tbe proceede�co the principal st►a11 nat oaoend ar postpone tho due dato oi the
<br /> ���,Y P!�Yer an amount�utnd m p y ali o�t�et►Bing�fadebLrdnats�under�tlee Note end tt��Securlty insnvmeat ehall be
<br /> pmaeus
<br /> paid w tUo endry k�Wly end ed therew.
<br /> Yn the eveat of firoclosum of this Securiry Inswtnent or othcr trensf�r of 6tla to the Prope�ty tltat exdnBuishes the
<br /> indebtedness,all dght,dda and interest of Borrower in ani!w insuranoo pollcies in foroe shati pass to the Wurhasa.
<br /> s. lkcup�M7'. Ft+e�ervatton. Maintenanae und Ptotedton oi the Property; Borrovrar'a Lwn AppYcatimi
<br /> ' LweholdR Sotwwer ehatl occupy.establtsh,and us�the Pcoperty es Bortower's principal residenx within sixry diys aRa
<br /> the execudon of this Security Instnuaent and shall condnue W occupy the Property as Sorr�wer's prindpal re�idenoe for at
<br /> leagt one yeu aRer the date uf occupuncy.unles�tho Seeremry detennines thiia requicement wilt cause undue hatdship for
<br /> Borrower�or unksa sxtenusdng circumste�►as exist wbich sre bayo�td 8orrowe�'s conuol. Bomower shell nadfy L.enders of
<br /> ony er.tenuadng clrcumstenr�es. Bon+�wer shall aot comixtit weate or destroy,demage or substandally chan.ge�tbe PropertY or
<br /> eflow tAe Property to dcttrtorate.reasonablo wesr and tear excepted. I.euder may inspcct tha Property if the Pcoperty is
<br /> vactnt or abandonod or the loan is tn defaul� Lr�tder may teice reasonsble acdon to protect and preserve such vacant or
<br /> nbartdoned Prope�ty. Borrower shaU alsa be in d�fault if Bocrower,during the loan applicetion prooesa,gave m�tcrLlly false
<br /> or in�ocunte infarn�adon ur stnumenu►to I.ender(or fuiled to�rovide Lender with any raatertd inforn�atton)in eonnerdon
<br /> �- witlt tD►e lown evldeneed by tho Nou,includtn$,but not ltmited to.representationa convemmixg Bnmowet's occupancy of the
<br /> p�y a�o pdndpal n.gtdeaco. If thts Secuney Iasuwnent is on a leasehold,Borrowar shall�ocaply with the pcovieione of
<br /> tho lea.ge. If Bon+ower avqulreR fee dtle tn the Property.the leasehold and fee dda shaU not be mergcd unless Lender a�g�s to
<br /> tho mcrgcr in wddng.
<br /> 6. Ch�cQes ta Borrowrr And Pe+utectlon ot I.ender'a Rights tn the Pro . Borrower shall pay all govemmentnl
<br /> or muni�cipul charge9,8nes an,d im�pos{tio�s�a��rt�Ot�fif ure��o nav�woh�vemel.v affectpLe der's i�nte�st in We
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<br /> _ [�mperry.upon l�cndrat n reyue.gt Horrower shall pmmptly furnish to Lendec rereipta evidenclug these paymentv.
<br /> — If 8orrowcr falts tn muke these payments or tha payments required by Pera$mph 2.or fa{ls to perform nny other
<br /> covenantx and ngrccmcntx canwined in this SecurIty Insuument,or there ie a legol procceding that meY sl8niftca�►dy affoct
<br /> �' � Gcndsr's dghN in tho Property(e�uch a�a proceodtn8 in bankruPt�Y�fnr condemnaflon or to enforce laws or reguladona).
<br />� then l.ender may do and pay whntcver ix necessary to protect the value o�the Propeity and i.ender's righta in the Properry,
<br /> incluJing paynxnt of tnxey.ho�aud inaurance and ott�er items menHoned in Paragreph 2.
<br /> Any amauntn dixburned by l.ender under thia Pamgrnph ahall become an additlonel debt of Bon+ower and be socured by
<br /> � this Securiry 1natNmcnt. '1'heso a�nounu+Rhull be�v interest from the date of disbucsement,et the Note rate,and at the opdan
<br /> of Lend�r.xhuU�o imn�edlutely duo ond puyable. �
<br /> • (Pags 2 of 4 yagta)
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