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<br /> UNIFORM COYENAMB. Borrower and Leader aoveiunt nnd a9ree ao tc!lowa: �
<br /> � � 1. p�ym��t ot Prinotpal�nd tnt�re�ti Pnpaym�nt aad i.�t�Char��s. Borrower ehalt prompty pay whea due the -
<br /> " principal of and Interest on tho debt evldenned by the Note nnd any prep�yment and�ete oharges due under tAo Note.
<br /> • � r B. Fund�for T�x�s end Insurana�. 8ubhot ta�PPfietbt�kw or to a wrtEten waNer by LendaG Borsawc�ehail pay to Lendnr on
<br /> tsxea and esseaemeMe wh1aA
<br /> � ° tt�e day monthy paymenta mre duo under tho Note,untU Iha Note la patd U tu0,a eum('Funde')tor.(e)yendy ��
<br /> _.. -- - - tt�y;���a�y �,,�!h�c•cus!!�j lnetr�,ment ss�qsn on the PraP�Y @)Y��1►te4eehotd p�ymcnto or ground rento on the Property.
<br /> � It any;to)Yenrry heiar�d or property Ineuranco premmluma;ld)Yeuy Aood Ineuruice promt�ame,N eny:(eI Yeatly mottge9e inaurance prenitui�ie,
<br /> '�� '�' I It ar►y:end(Q eny eumn payaWe by Bortower to Lender,h acoordanee witb the provia�onn of paragraph 8,In qeu ot the psyment of mort�ge
<br /> '`�%-�` i
<br /> Inaurenee premluma. These itana aro esiied°Escroxr Ihma". Lenda rtuy,at tny Ume,aolleat end hold Funda In en amount not to exceed
<br /> �,;;,,�#� Ue tor Borrower'e eacrow aacount wder the tedernl Rea'
<br /> the meximum amouM a lender tor e tederally ndetcd morlgage toan mey roqu
<br />- " Eetate 8atttement Procadurea Act of 1874 as emerided tram t�r►e to tlme,12 U.SA.�2801 ot se4• ('RESPA'). �leas another law thdt appllea to
<br /> _ �_.*r��� tha Funds aeta a teaser+mowt tt so,Lendm rteay,at any dme,coileat md hoid Funda In an amount not to aased the Iesser amoun� Lender s
<br /> .�, may estimate the amourn of Funds due on the bsab ot aurrent dat�and roaeoneble esti�matea ot expendtturoa of iulure Eacrow IMma or d.heiwiae
<br />-_t-�, �. In aceo►danae with appltcnbte I�w. _
<br /> �°�� •'� The Funda ehaH be heid In an InsUwtton whvae depoetta ue lnaured by a tedernl aganay.tnehumenta�ityr. a eatllY Rnotuding Lender It Lender
<br /> � Is auah an(netidMon)or In erry Fede�l Homo Loan Bank Lender ehtli aPpry the Funda to pay the Escrow Itane. Lender mcy not chuqe —
<br /> " = "� Borrower
<br />",��'���.v.. • Bortowe►to�holdtng and eppying the Funda,m�wRy uwh►rH►p the eacrow aceouM ot veriying the Eaorow items.unlese Landnr paya —
<br /> " -��=� ` trttersat on the Funde end e�plicabie taw pemdts leadato make euoh e oharge. However,Lender nuY re9�1ro Bortower to PsY e aae t�me aharpe
<br /> � ,. J�? ' for an tndependent reai estate tax repaUng aeMce uaed by Lender In connecMon wtth this loan,unlesa epPllce6te tew prov�des oti�eiwise. tk►ta3u _.
<br />- °�'•�.'� an agreemant fa mada or appikabte law requires IMere�to be patd,lendK ehefi not be required to pay 8omawer anY interest or eaminga on the --
<br /> � F u n d a. 8 o r ro w e r e n d L e n d e r m a y a g r e e In writln g�howerer,that tr�aest sheY be paid on the Funda. Lender ehall gNe to Barrower,wlthout �
<br />�•�:;t�,, oharge,an annual accowding of the Funda showing cre�ts end debpe to the Funds and the purpoae for which each debft to the Fun ds
<br /> wns mnde. The Funda ere pledged es additlonal seaud►y 4or a!i sums secu►e�bY this 3ecurtlY�natrument _
<br />;s��;n;.;^�, It the Funds heid by Lctnde��cceed the amouMS pemftted to 6e heid by applicabte law,Lender ehaEl account to 6ortower for the mccesa _
<br /> ;� ..•;`
<br />=.;�s ri.; Funds In acaordanee wNh the requUemente of app8esble law. R the unauM of the Funda hetd by Lender et airy time ts not sutfldeM to pnY t e
<br /> -�. ..��' Eacrow Itema when due,Lender msy eo notify Bortower In wddn9.aed.N such ceee 9otrower ehnil pay to Lendar the amourn neceastry to mtke __
<br />�'�'`A;,s,�, up the dettctenay. Borrower ehaU mnke up the deAdan�y In no more thtn twaNe moMhy paymenle�at Lendere sote diaaretlon.
<br />:,; ,,�,:. ..
<br />__,,:�_�, Upon pnyment in fuA ot aA auma sxured by tNa Security inatrument,Lender ahell promptry►etund to Bona+rer any Funda hdd by Lertder. t
<br /> - - - _ = under pangraph 21.Lender shell acqu�re or ae� the Properiy�Lende,p�ior to the acquisltlon or sale of tho PropeAy,ehUi appy any Funda he�d
<br /> ��.T�,,:�;"�,;� by Lendar at the time ot acqutafUon or snle as a aacGit agntnst the wms eeaued by thig seeunry tnswment. he 1 md 2
<br />_�:-�;'��?�'`� 3.lepplio�etton ot Prymsrns. Unlesa eppllcabie Iew prorides otherwtse,ail paymerns recdved bY Lenda under peregnip
<br />-v�:�,,. • eheU be eppAed: Hrot.to any prepeyment oharges due undec the Note; eecond,to amourrts payabte under per+yraph 2;thtrd,to tnterest due;
<br /> -- ��w't ,
<br /> �-o=,��jx:�•` tourth,to pitrtdpst due:and lest,to any tata charges due under tha Note.
<br />,?�=t}i;�,:•; 4. Char�A� U�n8. Borrowe�shall pay�I tezes. aeseasmenta,cherges,Mes snd tmposiCona attrtbuleble to the Propaty which mry
<br /> ����j� atteh�pdofity ovnr thEs 3ecutiry tnetrument,and leisehdd pa�A�ts or ground rente,B ar►y. 8omowa shall pay theae obltgaUone In the mfnner
<br /> •.� , . provtded tn pacagreph 2,or H not patd In that manner.Borro►rer esheG PaY them on time direatlyr to the person owed payment Bom►vrer ehaA
<br />�-�-_�Y�?._��� prompty tumiah to lender aU noUees of emouMS to be patd urtdet this pnragraph. It Bortower mekes thesa payments directy, 8onower
<br />—.:�Y�=—��:s sheit promptly fumish to lender recelpts evEdendnA thepsyments.
<br /> -""-��"�`� Borrower ehall promptty discher9e any Iten wAbh hts pdodty over this 8ecur(ty inatrument untesa Bonower.(a)agrees in writh9 to the pty-
<br /> 4 =-�--� ma�t of the obNgatlon eecured by the Non in e nunner icceptebte to l.�der;(b)cor►teate tn 9ood tafth the lien by,or detande apatnst en2areement
<br /> �---__� ot the Ben In.iegal proeeedings whtoh(n the Lender's optnion oper�te M P���e enforcemeM of the Nan:a (a)aeaures irom the holder of ths
<br /> --_��:�i Uen an egteement setishetory to lender subordindh9 the Nen to this Scairtty Insbument If Landet detertnina thrt etny Part of the Ptoperry Is
<br /> — � subject to a tlen whteh may atmtn prtority over thla Seo�dty Inswment,lender mey gNe Horrower a notlae tdantlfyAng the Qen. Borrower sha�
<br /> --°-= s�ttay the Uen or take one or more ot the actlona aet brth cbove wNhin 10 daya ot the glrinp of noNee.
<br /> --_ �� S. Hasard or Prop�rly Inauranc�. Bortaier eheil keep the tmprovemer�ts now e�dattng or herealter eected on the PropeAy tnaured
<br /> _'� agttnyt(ass by ttre�hezerds�ncluded within the teim 'e�Rended corarage' end any other hezuda,InclutlUtp floods o�tloodirtg,for whtoh i.ender
<br /> requirea tnaunmee. This insurance aheU be mnintelned b the amounts end tor the petiods that Lender requiroe. The inaurance ca�tier provt�n9
<br /> the tnaurartce eheA be ahosEn by Bortower subject to lender'e approval which aheil not ba unreaaanably wtthhetd. It BoROwer teNa to mair�tnin
<br /> �T~� = wverage deaaibed ebove, I.ander rnny►,at Lendde optbn.obtatn ooverago to proteot lender'e dgMa In the Propedy In aoaordanee with
<br /> — peta�sph 7.
<br /> �`-' _—= qp tnsuranea poltdes end renewste ehall be aooe�uEte to the ler+de�and eheil Irtdude a ete�►►derd mortg�pe dausa lender ehaN have the
<br /> --�""�`� dght to hotd the polic[es and renewais. Ii Lender requYea.Borrower sheU Prompty 9�►b to Lendar aA receipta of peld premiums end ronewat
<br />'`'""——� rtoi[ces. tn the event ot Inse,Borrower aheU gNe pronpi notice to the ineurence eurter and lender. Lender maY make proot ot�oss tt not mada
<br /> s���
<br />_�� _. prompUy by Boirawer.
<br />-_;,�;��;-L-'�,�' Un►esa lender and Borrower othen�(se agree N w�lhg,lnsurana proceeds ehaU be applied to restorarion or repair oi the Prope�ty dema�ed�N =
<br />°,�,�1«r::"�u� tha reatoratlon or repair is economlca�r f2asible end lender's seeurlly ts not lessened. Ii the restoretion ot repalr 4+nM eeondrntoaQy tetafbte -
<br />--"�,��,�-.. ` or Lendess securtqr woutd ba teasened,the insurence proeeeds she0 be appiled to Me sums secured by tMls 8eauity InstrumeM,whetAer or not
<br />- "°'�'•` then dua,�vfth anyr excesa pafd to 8omower. tf Bomewer abendone tAe PropMy,or does not anawer wlthin 90 deya a nottee trom Lender that tha
<br />_'��'.Y._;;"e.°`�` � tnaurance certfer hes ottered to settie a cletm,then l.endet rnny eoieat the Nauronce prooeeda. Lender maY uso tha proceeds to repair or reatore
<br /> -'7;''^�-?�r•�� the Properry or to pay euma secured by thts SeaurltY NstrmnerK.wAether or not then due. The 36day P�tod wpJ begin when the nottce ia gNen.
<br /> ' ° �,' '?-. Untess Lender end florrower othe�wise apfee N wdh9�enY eAp�c�lon ot proceeda to prindpal shall not mdend or postpone the due date
<br /> oi the moethy payme�ts reterred to in paragraph 1 and 2 or chanpe the amouet of the payments. If ander peragreph 21 the PropeAy is
<br />' �� et�uirod by Lende�,8ortower's dgM to ar�y inauruiae polidea end prooeeda resuttlng trom damaqe to the Properiy prior to the acquistdon
<br /> -+�r.,11�-
<br /> -. - � . � .: ehall pasa to Lender to the e�deM ot the sums secured by this Securtty InstrumeM Immematery prtor to tne eoquiai6on.
<br /> i �-�"'".s 8. Oaaupancy,Preaervattoa, M�letan�neo and Prohctten of tho Propor4�h Borrowor's Loan Appltcatlon; -
<br /> ... . - �e�s�h0lds. Borrower shail oeouPY,eatnbUsh,and use the PropeMy as BoROwers prindpat resldence witldn elxtY deYs atter the exacudon of
<br /> , thia 8ecurriy InslrumeM and aha0 cauitlnue to occupy the PropertY ns Bomowers prtndpn►residence for at teast one year after the date of
<br /> � oexupan�y,unlesa Lend�othetwise egreos in w�Ung,whteh conaent shall not be unreasonabry wtthhdd,or unteas extenuatlng drrumstances exist
<br /> � � whtch are beyoad Bortow�r's coMroi. Bmrower shefl not destroy,damege or[mpalr the Properly,al►ow the Propmly to detertorate,or commft
<br /> „ waste on the Properry. Bortohrer shali be in detault d any to�tefture aeiton or proceedirtg,whether cNU oc cdndnai,Is begun that in Lender's good �
<br /> �- �; .: Fom�3028 8/80
<br /> : . . �� �oza�.m�c�e�t PIIpo 2 ot 5
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