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<br /> � TQtiL=�NGfi WRH nU tho 1n�prorr�nunto now on c�rcnticr crcaiad on thu propc�ty, nr�d a0 caacmcnto, np�urtcnances, and '
<br /> �- . (ixlure� twti ur tt�icatt�t 0 pnA ot tho prapctty,!lN reg!aeer��cnta nnd edA:�fone eh�dl etao ho aovcred by thl��acurity Inot�umcnl. _ •
<br /> Al of the tarcpomp is�tcwrod ta kn thta 6�cuftty htiaBun�r�d a�tho 'Piaperty.' `
<br /> ' 80RR01NER CU1lENANT:�tlat t�ortewor lo Ia��Iu:t�r ecl�cd nl tho ootato herct►y Ganvcyad and hnn tho tlpht tu prant and
<br /> � convey tho Preporiy and tM1at tho P�rpe9ty te unEncumhorsd, uxeepl fa encumhrsu►caa nt roeotd. BaROwer wennnto nnd wip
<br /> datend p�n¢mUy tRo tiUa ta tho Froporty a�nlnal ttll ctatms ond domsnds,eub�a�t to Any encaimhrnncca oi racerd.
<br /> �� THt9 EEOURIIY IN�ITRUMi:NI' �ombines unHorm cavensMo tar nntlanel use and non�unlform covenanta �vlth Wnttcd ���
<br /> vnd�tkmo by�urisdictlon to oeneUtute a ut�itorm eecudry Nairuman!aovcrU►p rcul propcdy.
<br />:: . ,..;- UNIF�iM�9 CpVENl1NT8, 8onawer enit l,endrr cnvenanl end n{�rao 09 toUowa .. . -
<br /> - - � __= t, p�+yment c�f Prlh�1��1 end Int�a�t� Prcpayment and i.�ta Char�goe.Berrowor ohnll pramptty p�y�vAon _
<br /> " due the�n c�i af dnd inte�esl on tha de61 avtdonaod by 1ho Nnto end any pregay7neni end tato ahar�oa duo undcr the Notv.
<br /> ' 8� Filtneta tor T�ucos AnA Ineu�anoe. 8ubjaof to apptlasbto Ir►�v o►to a writian waMc►by tc:nder,8nttotitct ahail psy -- ---
<br /> --_���= to landcr on litd tlay iaa�itit�r�sy�,'-tY ars r�o unti�!��Nt+la. un L+!t RQ No te Is �.l�I n N u,a c u m ('F u n d s•�t o r. (a 1 Y a t u N
<br /> .:;�-ar,� trocoa and neaosemente whloh may sttnln pdorlty aer thts 8ocurity Inotrumenl na a Ilca► on tho property; (b) ycnrry Icasohold
<br />• __ peymentn or nround ranto on the Froperiy�tf any; (o)yoary huxur d or prop u r t y Innur�nao promlumo; (d)yeary Ilood Inoumnco
<br /> - promtumo,tl any;(o)ycarry mort4aao Insuranco premlumv, It any;and (Q any euma peyablo by Borrowcr to landnr in eocordanco
<br /> wllh tho ptovlalona ot pttrogreAh 0, �n ltau o1 tho paymenl ot maRpapo lnoutanco prom!um�. Thaoo Itame aro onllad '�scrow ,
<br /> �_ ilome' lendot muy, a1 ony Uo�o. aollcot and hold Funde In an amounl aot to oxcaod tho mnxlmum amount e londcr far a
<br /> , taderaly rolatnd mottgnpo loam m�y tequlra for BoROwer'u o�crow account undnr tho todeml Hoal �etntn BotUomnnt Pr000duroa
<br /> � Ao1 at!0'74 no amondod ttom ttma to time,l2 U.8.0. 8 2t301 at aaq. ('RtBPA"�, unl000 anothet lnw ihat appllos to tho Fund�
<br /> ��'�� . � uota a Iasaor emount It eo,Lendar may,at wny timo,¢olloai cuid hold Fund3 In an amauM nol 3o axcoad tho la3ocr nmount.
<br /> ._ �,� Lendor mAy astfmate tho amount oi Fund�duo on tho beota o1 cur►ant data snd reuaanabto onUmntao ot oxpendltures ot tuturo u :
<br /> Eacrow Itama or othenvlso In aacondenae with applicublo IAw.
<br /> � � Tho Funds ehall be h�td M nn InaUtuUon whona dopoalW aro Inaurod by n tn�erai a�anoy,Inatmmentallty,or aMtly(lncludtng
<br /> � ;; : lander. N Londer 1� nuoh an InoUtutlon) ot In any Paderal Nomo Lonn Bank. Lcnda ahull appy tho Funda to pay tho �norow ' ,
<br /> •7 ; ftamo.Lender may not chuQa Bor�ower tor holdtng nnd appylnp tho Funde, snnuaUy anutyzinp tho oscro�v acaount,cr vcdtytnp „%`4
<br /> } ;• the �ecruw Ituma, untasa Lander paya BoRaw� Intoto3t on tho Fundn end eppAcabte law parmito Londcr to maka euoh a ;
<br /> ���+,. � ohprpo. Howmcr, 4ondar msy roquiro 13orrawer ta pay a ono-tlmo ahar�o tor an IndepundoM toal estate tnx ►aAodhip servloa -
<br /> !�•. �� � uaad by lendcr in oonnaotlon wlth thla toan, untess epplloab�e luw provldos othetrvlso. Un�osn an apreomont Io mado or ,;,1:,
<br /> ''"'�`• � -• epplicahte law mqulros Inte►ast to be paV1,lendor ehaq nol Qo�equlred to pay 8artowor eny Intoraat or eaminga on lho FUode• �
<br /> �� �1 Borrowor �nd Leader may ayrae In wdting, how�ver, that Intorost ahaq ba pald oa tho Funds. Londor oh�0 BNo to 8oaawor, � •_
<br /> � ��� without oherpe, an nnnuat e�coountin� af the Funde, nhowlnp cradlia and debfte to tho Funda nnd tho purposo tor whloh caah �-._ -
<br /> �' dobtt to tho Funde wae mQde. Tho Funds ue pledped as sddltional aocudy�tor aU oumo eoaurod by tho 3oourfty Inahumen� ���_.
<br /> ��- �� �
<br /> � � It tho Funde hald by Lendor axeeed the�mounta pam�ittad ta be hnid by eppAonble �aw, Lendar ehaU acaounl to klaROwar �_
<br /> -�"���� for the oxaeae Funda�n acaordanao with tho�equlremonto a1 appltoaEta law. It the an�ount o}tho Fundo hatd by lendar at cu�y E___
<br /> ,�;..,, -
<br /> .' _ tlmo la not sufi'lolont to pay the Escrow ftama whan duo, lendor may ao noQty 9ortawor In wdtinfl,end,ln euah oaeo Bartowor �--
<br /> _ .��,.�, • ahall�y to landot the amount nocosoary to make up the doticlonay. BnROwnr ehall muka up tho doticlanoy in no moro than �-�-
<br /> ° hveba monthy paymente.at(.ende�'a eolo dlscrotlon. ���
<br /> :������•�-• Upon payment tn fuii of oii awna secured by ihla&aouriry Inntrunanl,Lcttdcr ehal!prompUy reNnd to Borrotver any Funde �_. _
<br /> - held by Landar. if,undrn parsDraph 21,lenda ehall ncqulre or sall the Properry, Lende�, pdor to tho acqulsiUoo or saie o1 thp
<br /> -'.�_,=-`� PropeRy, eMN�pply u►y Funda held by Lende�at the t(me ot aequlaltlon or eaio ae a crodlt�pa�nal the aum� oecurod by this
<br /> ^^;;;,�„ ;. 8arudry InnUument.
<br />?"w{-�� 8. Applta�lon of Pt�ymente. Untess np��aable t�w provldaa othanvtao, �II paymonte �eoeNod by Lend� under _
<br /> - �..�_ �����}u ; ��,��y��._��npurgea dua undor the Nota;neaaod,ta�mounta pays�ta undat
<br />• -;;:L,-E'`�-'�-�,�� par�praph 2;Ihtrd,to intareat duo;fouAh,ta prficipal duo;and last,to any lt►to chargea duo undar tha Note. _
<br /> - -=� 4. Charpe�; I.lon�. �oROwer ehdl p�y aU uucea, aoaosamcnto, aAerQaa, Onaa and imposltiono �ttdbutnbto to tha
<br /> -_---='--_`� Proporty whtoh rtwy attaln pdorlty ava thl�8acurity Inatrumnnt, and laaaohold pnymente or pround ronte,il any. BoRawer ehrA
<br /> _ pqr in..:w:p.-ii�: �.iisa sr„sus:Fza:�:!�S �Sa�Th P. �•g ne! �+�td�►ttut manner. Borrower shatl pa�l tham On tlms .
<br /> - - -� dkeoUy to the peroon owed paymeni. 8am�wer eh�tipromptty tumtsh ta Lendor aA noticr�01 nmounta to be�nld undx ihia �
<br />---_—'�� panpnph. it Bonowa riwkos thoaa paymanta d:raotlyr, Borrowcr ahnll prompty tumish to Landor recolpt� evldo�cing tha
<br /> _R_ �� PaYmente, _
<br /> BoROrrar ohall ptomptty dlsaharpo Nny Iien whlah hae p�lo�lry ovor thla Etoourlly Inattumont unteae Bonowor. (�) �preea In
<br /> w�tUnp to the payment of the obBgallon�ecured by ihe Aon In a m�nna�aaaeptahte to Lendw; (b) conteate In qoo4 trlth the
<br /> — Ilen by, or detends apatnnt a�totcemant ot the Iton in, lepal proceodinpa whlah In the Lendw'a opinlon operate to prevont the
<br /> i entoraemont af the Ilen; or(o) aeaurea from the hotda� of tha Ilen en agreema�t utiattatory to�.enda eubordimtinp the Nen to
<br /> �— thla 800urlty Inatrument. fl 4endor d�termine�Shat eny paA of the Propesiy la aubJeot to�Nen whloh may attaln priotlpt nver thb
<br /> 8eaudry Inetrumenl, Lender may pNe Bortower«notice Identitying tho Iten.Oonower sh�ll eAUaty tho Iten or t4ke ona ar mora of
<br /> � tha�otlan� aet forth�bove wNhln 10 dsye o1 ths qMnp o1 notloa.
<br /> � 8. NiYSSrd ar Prop�e'ty Insuranc�. Barrowor ahaQ keap the Improvementa now eulatl�q or hereafte�ereetad oa the
<br /> Property Insured apnimt loee by tks, h�rude Included wilhin tha tarm 'wRended coverape' nnd any otha► h�ard�, includln�
<br /> -�" � ftoada pr floodinp,tor whloh Lender requkes Inauronco, Thi9 Insurance ohall ba n�alnWnad in tha pmounte and for tha padods
<br /> — q�4t I.ende�requirea. Tho tnaurancs aartiet provldUp tha Inauranae ehall bs ohoaen hy 8orrowar cubjool to londa'e approval
<br /> --- -- whloh ohail aat bs unre�san�by withheld. It Barrowor falla to mdntaln aovataflo deaoribed abova, 4ender may,at lendor'e
<br /> optlon,abtaln covert0e to protQat Lendar'e riphts In the Propatiy In eocordanco w11h parpgraph 7.
<br /> — Atl Mauranea poqcloa and�enewals ehoN bo a000ptnbto to Lendo� ond ahall innfudo e ntandard modpa}�o alauae. Lendor
<br /> -_— shalt have tho dphl to hotd the paAoloa And�onowata, II t,cnder roquUos, 8ortower ehaq prompty flNa to lendt�AU��cNpta o1
<br /> � patd prem:um4 ond ronewal�oUooy. In the event of bae,Bonawc� ohait pNe prampt natiae to ihe Ineuranae aartlor And Londer.
<br /> � Lender may make praof of loae If�ot mnde prompt�l by Borrower.
<br /> -��_�� Untas Londer a��d Bortower othotwlee aproe In wrltinp, Insuranoo pr000eda eheN ba appAad ta reutoratlon or�opair of tho
<br /> P�opa�ly damapod, II the restoradan or repatr i� eco�omlcaiy feasibte and Leoder'e eecu�tty lo nat lessencd.II the res2arriion or
<br /> ----�_ �opak ta not aaonnmloairy teaeibla or Lendor'e ecrouriry would be loseenad,tho Inauranca procaoda ahali be app��ad to ihe sums
<br /> ;;,��;-.�� eeoured by 4hia 8ocudry IneUvmont, whetho� or oot ihon due, w8h any exoesa pald to Horrower. 11 BoROwor obandons the
<br /> °.�,_y����, Properly, or doea not anawer wlthfi 30 days a nottae irom Lertda th�t the inau►anco camw ha�otlarod to aotU9 a cl�M,then
<br /> s.F�-��,"! Lande� may cotlaot tho insuranoA piooeeda. londar mny uae the procaoda to �epalr or reslo�e the Property or to pay aume
<br /> _�;.�'�� seoured by thle 8aoudty Inatrumont,whelhe�ar no1 thon due. The 30�day paiod wlll bagin wheo thc�aUce 19 pNen,
<br /> ____- -_�_�j Unles9 lender and BoROwor othenvlse agrae In wdUng, any app�cadan oi proceeda to pdnclpal ohall not extend or `
<br /> � . poatponc tiia d►te�ata�i the tsanthtys p�ym,,,;��i�l�to Its p�sagteptta ! end E t�r �� tha omnuni of tho paymenis. If
<br /> undor paropraph 21 ihe Propody le Acqutrod by I.andc�, BoROwor'e dght to eny Ineuronao poticlos And pr0000da �esuANO(rom
<br /> �� damago to tha PropeRy pdor to the aaqulslUon ehWl paes to Lendor to the extont o1 tho sums by th�e 8eoudry Inatrumont __ -
<br /> Immodlatcly pdor lo tha aaquisNion. ��
<br />����� 8. Oooupanay. P►esenratlon� Malnt�na�oe and Proteotlon of the Properly; po��owor'e Loan =
<br /> --� Appllaatlon; L.0o8ehOlde. Bortowat ohaA ocaup��. oatablluh, and ueo tha Piropmiy ae Bonowor'8 pdnolpnl rosldonoo wilhin �`
<br />-°"=�+��r�n���`�'�• alxtyl daya oftor ihe oxocutlon of thls 8ocurity Inatrumont ond ohntl condnue to ocoupy tho Proporiy as BoROwcr's pdnolpal ,,•:
<br /> .�li�+4j(y�'.'.{� 'l 'ti :
<br /> {� ���f � ' roaldanco toi nt loas�t one year aftar tho dato of occupancy, un�coa lnndor otherwloe upraos In w�itlnp,whloh asnaent shall not
<br />.l.V�,'�,.�.l�rt�t .
<br /> -,:�.�,::-� '� ' po unroasonaby wtthheld,or unloae oxtenuaUng olroum�tnnoo3 oxlui whloh aro boyond 8orrawcr'a control, Borcowor ohaU not .
<br /> �'' '•� - doatroy,damapo or impnlr tho Proporty,ellow tho P�oporty to dotedomte,or aommlt�vaato on tho Propotty. BoROwor ahntl bo In
<br /> '` ' '•' dofault If any tottolturo aotion or proaooding, whothor clvA or crlminal,la dnpun that In Londer'o pood falth�udpmont aould roaull
<br /> , ' In lortcituro 01 tho Proporty or olhonvloo mutcrialJy Impair tho Ilon creatcd by thla 9ocu�ity Instrumont or Landor'a socudty InloronL
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