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<br /> HOItROWER COVENAN'[`3 thwt Boirower is luwfulty seized af'the csmte hercby sonvcyed nnd ha9 the dght to gror►�
<br /> wUl defend generally the dtle a�the�ngotn t atl ci�ms nnd demund��ubject to ony enc mbrur►c�s of recard����
<br /> UNIFORM COVS[VAN'fS. '-
<br /> 1. Payn�a►t ot Pelndpd.interest u�d I.�te G��e�. B°rroWe�R1�1 PaS'When due Ute principul of,and{nur�st on,
<br /> tbe debt evldenc.ed by the Not�und late charges d�ae under t�a Nou.
<br /> 2. Mont6�P�yma►t of Taxee,Iawsanoe.and OWer Char�es. Bomowtr shnll include in euch manWy paYmenw
<br /> together with the principul and interest ag set forth in the Note end any late cuarges. u Eum fur (u) tnae.v tuid srccial
<br /> ossessmenta kvied or to be IevIed wgatnst the Property. (b) lea�ehold pAyments or gruund rra►cx on the Property. and
<br /> (c)psemiums for insurence�equired uutder Pum�ruph 4. In anY yrar in whlch the Lendee must puy o mortguge insumnce
<br /> pnm{um ta�he Secnetary of Hou.ging and Urban Davelopment("Secnet�ry")�or in ony yeur la whlch such pnmium wauld _
<br /> have bem requ�nd!f Lender still held the Security Iastau►ner►t,c�ch moatbly payment shall aiso includa either.(i) a sum for
<br /> the annual mort�ege insurance pnmfum w be paid by I.eader to the Secretary.or(i�)u mmontbly charge instead of a mortguge
<br /> insurance prertuumoif�s�Sec�ty�e by�tLe S �CecreterY.these ite�ias�nra exdled"Escrow I�ms�u nd the sums p�ed�ntdlto
<br /> Secretary. Bxaept
<br /> are caUs�"Esct+ow Funds."
<br /> (,,�nde�.u�ay.at any t�ane,oollect Snd h41d emounts for Escrow Items in en eBB�Ba���t aot to exoxd the ra�c mum
<br /> amoiuu that may be requircd for Borrowe►'s escmw ecwuut under tho Real Fstate S�xticmeat Prarxduns Act of 19?4. 12
<br /> U.5.G 9 2601 �. and innpte�uer►dng rguladans. ?A CFR Pert 3500� a.a thcy may be amendal frorn t�me w tima
<br /> ("RESPA"),except Wat the cusd�on or�e penpittecl by RESPA for unandcipated ct[sbursements or dIsbursements before
<br /> the Ba�mwa's paymenta ere available ta dce aocount may not be bascd on aruoanis due for the aio e insaranoe tm��
<br /> If the amounts held by Lender for Hsccow Itema exoeed the amounup�t tted ro be held by�PA,i.ender aheU deal
<br /> Escrow ioems when d �I.end�erbaYaay nodfY �e Borrower and requin Borrow r eo make up the shortagsufficideflci�es
<br /> permitted by RS4PA ���umen� If Borrower
<br /> 'IL�F�crow Funds are pledged as eddiHonel sec�ulry for aU ewus sccured by this Secudry
<br /> oeAders w Le�tder the full paymeat of aU such su�n�s,Bo�rower's account sheU 6e crodited vvtth We bsilonce ne�neInlnB for all
<br /> instellmcat tums(a)�(b).and(c)end eny mortg�ga inaurattca pnm[um inatsllment that Lender has r,tor t�o a forecl�osS�re sale
<br /> pay w the Saretary,and uuis don b p���y re�untl aa e�ccess funds to Horrower. ImmediatelY P
<br /> of tha Aroperty or its y Lendctr, Baurowa'e acoount shall be c�ed�[ttid with eay balance r�maiaing far all
<br /> instaliznents for items(a) ?.aad(c). '
<br /> �. A�c+� ++�nte. Ail paymeats under 1'aragraPha 1 and 2 shall be app��b��d�Y fo��Y .
<br /> �(r,$�,to the mortgage inaumr�ee pnmium to be paid by I,ender tQ the�'
<br /> tbe St�etary in�tead of the montLly�►ortgage iusurance premiwn;
<br /> ,���,to.uay mxes,spocial essessmeats,leasehold payments or ground rents. aad Fire. fiood end other
<br /> surene�premiwns.aa required:
<br /> �.'�,to inurest due under the Nou:
<br /> �,ro emo�zadon of the principal of the Nou:
<br /> 00 late cbarges due�ander the Note.
<br /> 4„ �p{��p�6er paiard I�a. Hosrower sbell insute aU improvements on the PropertY.whether now
<br /> in exiaknce or subsoqueady erecced. st aay ha�ards� casuald�s.and contir,gemcias. includtng tire.for wluch Lsnder
<br /> �qutres Insur�moe. 'ltiLg insutanca s�main�iaod in trie awounts and for the pertods that Lendex requins. Bonawcr
<br /> shall dso lasun eil impruvements on the Pmp�y.whe,rher now ia eusuna or subsequently erccted,e8ainst loss by iloods
<br /> L�the extent nequh+e�by the Secntary. /W�nsurence shall be carried with companles approved by Lender. 1he insarana
<br /> pOud�,y aud eny renewais shali be held by Lender and shall�nclude lass payable clauses la favor of.aad in a form ecxeptable
<br /> to.Lender.
<br /> In the eveat of loss.Borrowa stwU give Lender immedlate aodoe by mail. l.enda tney make pmof of lus f���
<br /> ly by Bomowa. Each insuraaa company coacemed is hereby uuWorized and dicectcd to make pa�be lied by
<br /> di�y p�Lender.Instead of w Botrc>wer end ro L�etider Jointly. All or any part of the tasuranoe Qrooads� Y� ���
<br /> Lender.at its optlon.either(a)to the raluctton of the�ndebtedaess under dte Nof encithis�So���tLe restwation or�pa�r
<br /> dditeq�uent a�nounts applied in tde ocder in Pa�ag�ph 3.end th�m eo P='�P Y� � P� ne the due dau of the
<br /> of the 8amegod propertY. Any applic�on of the P�s to the pnndpal shall not extend mr postpo
<br /> �ntLily pa�eats which er�refemed to in paragceph 2,or change the aaiouat of such payme�►ts. �►ny exass insuranoe
<br /> � proa�s over an amountra►uir�od to pay all outstanding indebtainuss unda the Nots end diis Sccunty In�uuument ahall be
<br /> pakl to the rnilty legally eatitlod theneto.
<br /> In the event of forecbsure af thla Securlty H►strument or other uansfer of dde to the Pcoperty that eadnguishes du
<br /> indebtedne�+,all righ�title and imet�t of Borrowrr in end w insuraase pol�c���i��'shaU pass to the purchaser.
<br /> S. Oocupatuy. Pr�.x,rvati�a,NWnteawuoe and Prutedion ot the Pe+opetty� Dotrower's I.opn Applicatbai
<br /> I�veholdt. Bomower shall oocupy.�blish.and use d►e Property as Romower's prNcipal resYdence within skty days after
<br /> the eacccuHan of this Security lnsuurnent and ehell condnue to oaupy the as Bmrowe�s princlp�t restdeacx for at
<br /> least oae year after tho dat�of oocupancy. ualess the Socretar�►detetmines�uinmcnt wfll cause�undue hardship for ..
<br /> Bon+nwu.or unless eacceouating clrcum�nres extst which are beyond Borrowd s control. Bor[ower eha11 nodfy Tx�ders of
<br /> any�a:tenuodng cinvmstanees. Horrower shall not commit waste or destroy.demage or subst�ially change the prope�'ty or
<br /> ef�ow the property to daeeiorate,reasonuble wear and tear exaptod. Lender may inspec¢ihe Prc�perty if the ProPat3'is
<br /> vacant or ebaadoned or the loan is in default Lender may take reasonable e�tion to pmtect end preserve aucb vac�►t or
<br /> abandoned pro�ty. gumuwer sha11 elso be in default if Borrower.dw3ng the loan appllcation process;gave materiaUy falso
<br /> or inaocunue informadon or smtemeats to Ixnder(or falled w pmvide Leader with ar►y material infomwnon)in oonnxdon
<br /> with the loan evtdenaed by the Note.including.but nat i�nnitcd to,reptrsentadons conoe�Bon+owe�s ooqipancy of ttte �
<br /> ' Property as a priacipaf residena. [f this Serurity Instcument is on a leasehold.Borr�wer coanply with the pmvisions of
<br /> the le3te. it Homower ac�uires fee tide to the Prope�ty.the leasehold und fee tide shall not be merged unless i.eader agrees to
<br /> the mager ln writing. Barruwer shall pay all guvemmentai
<br /> 6, Ch�rg�,y to gon+owt,�r�nd Prote�n of Lend Ms������PZ�b'��wer shaU pay these obligations on
<br /> _ ar cmrmtipa� aa�m�c.,,,n.v W,......�..��--------- --------
<br /> tit�e dimc�ly to the entity which is owed the paymenG If failure to pay would adversely affect Lenaet s�n�cesc iu a�
<br /> Prapecty.upon Lendet's reqnest Horrower shall promptly fumish to Lender receiptv evtdencing these�payments.
<br /> - If Bnmower feils to mnke th�se pal►ments or @►e PAYmen�s re9u�d by Parugrnph 2, or fails to prrform any other
<br /> that ma s icsntl c+ff'ect
<br /> oovenaz►ts and�e ments vontnined in tlns Security Inshvmea�or there is u Ie�al Proc�ing Y ��
<br />-- Lender's rights in the Pcoperty(such us a p[ooaeatag tn baninuptcy.for condemnation or to enforce laws or adons).
<br /> then Lendet nroy do and pay whntever is neaes.sucy ooprotect the value of the�ropertY smd Lender's r[ghts in tAe Property.
<br />-- including paymM►t of maes.huwrd ir�sumnce and other items mendoned in Para�r�ph x
<br />° My emounts disburse�by i.ender under this Parograpb shatl become an addiflannl debt of Burmwer s�ad be secuced by
<br /> = ��nry �S�rument 7'hese umc�ants ahall bear interest fram the dnte of disbwsement,at the Note rate.and at the option
<br /> of Lender.shaU be i�smediutely dne and payable.
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