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<br />a8/21/2005 04:44
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<br />6192933420
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<br />HLCMV
<br />
<br />200701807 PAGE 03/31
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<br />TOGETIIER WITH all the improvements now or hereaf~r erected on the property, and 1l1l easemen1s,
<br />appurtenances, and fixtures nOw or herl':after a part of the property. All replaceliJ,c;.uts and additions shall also be
<br />covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property."
<br />The Property shall also include any additional property desenbed in Section 20.
<br />
<br />BORROWER COVENANTS that Borrower is lawfUlly seised of the estate hereby conveyed and has the
<br />right to grant and convey the' Property and that the Property is unencumbered, except for enctunbrances of record as
<br />of the execution date of this Security Inst:r'utnell,t, Borrower warrants and will defend gl':nerally the title to the
<br />Property against all claims and demands, subject to any encumbrances of record.
<br />
<br />UNIFORM COVENANTS. BOITowe(' and Lender covenant and agree as follows:
<br />1, Payment of .....nc1pal, Interest, Prepayment and Other Charges. Borrower shall pay when
<br />due the principal of, and intetl':st on, the debt eVidenced by !he Debt Instrument and any, prepayment charges, late
<br />charges and other charges due under thtl Debt Inst:rumcmt. Payments due under the Debt Instrument and this
<br />Security Instrument shall be made in U.S. currency. However, if any check or other instrument received by Lender
<br />as payment under the Debt lnstrument or this Security lnstrutnent is rettuned to Lender unpaid, Lender mAy require
<br />that any or all subsequent payments due under the Debt Instrument and thls Security Instrument be made in one or
<br />more of the following fonns, as Belected by Lender; (Il) cash; (b) money order; (c) certified ch.eck, bank check,
<br />treasurer's check Or cashier's check, provided any such check is drawn upon IUl. institution whose deposits are
<br />insured by s federal agency, instrumentality, Or entity; or (d) Electronic funds Transfer.
<br />Payments are deemed received by Lender when received at the location designsti':d in (or in accordance
<br />with) the Debt Instrument or at SQ.ch other location as may be designated by Lender in accordance with the notice
<br />provisions in Section 13. Subject to Applicable Law, tender may retw'n lUly paynwnt or partial payment if the
<br />payment or pllrtial payments are insufficient to bring the Loan current Lender may accept any payment or partial
<br />payment insufficient to bring the LoIID. current, without waiver of any rights hereunder or prejudice to its rights to
<br />refuse such payment 0:1:' partial payments in the future.
<br />2. Appncation of Payments or Proceeds. Unless otherprocedurcs are set forth in the Debt
<br />Instrument or Applicable Law, Lender m.ay apply:payments in any order that Lender deems appropriate.
<br />Any application of payments, insurance proceeds, Ot Miscellaneous Proceeds to principal due un4er the
<br />Debt Instr\lment shall not c)l:tend or postpone the due date, or change the amoUD.t, of the Periodic Payments.
<br />:t Charges; Liens. Borrower shall pay all taxes, assessments, chMges, tines, and impositions
<br />attributable to the Property which can attain priority over tbil,l Security Instrumeut, lea:sehold paymems or ground
<br />rents on the Property, if any, and Community Association Dues, Fees, and Assessments, if any.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless
<br />BOrrower: (a) has disclosed such lien to Lender at application fOl the Loan or agrel':$in writing to the payment of the
<br />obligation secured by the lien in a manner acceptable to Lender, but only 80 long as Borrower is performin,g such
<br />agreement; (b) contests t.b.I': lien in good faith by, or defends. against enforcetl1l':nt of the Hen in, legal proceedings
<br />whi{;h in Lender's opinion operate to prevent the enforcement of the lien while those proceedings are pending, but
<br />only until such proceedings are concluded; or (c) secures from the holder of the lien an agreement satisfactory to
<br />Lender subordinating the lien to this Security InstrumeIlt If Lender detennine!l that any part of the hopc:rty is
<br />5ubject to a lien that Cll)). attain priority over this Security Instrument and which was not disclosed on the application
<br />for the Loan that Borrower provided to Lender, Lender may gi.ve Borrower a notice identifying the lien. Within 10
<br />days of the date on which that Mtice is given, Borrower shall satisfy the lien or take one or more of the actions
<br />satisfactory to Lender set forth above in this Section 3.
<br />Lender may require Borrower to pay a one-time charge for a real estate Tn verification and/or reporting
<br />service used by Lender in COMection with tbis Loan.
<br />4. Property Insnrance. Borrower shall keep the improvements now existing or hereafter erected on
<br />the Property insured against loss by fue. ha1.:lrd!J included within the term "extended coverage," and my other
<br />hazards including, but not limited to, earthquakes and floods, for which Lender requires insurance. This insurance
<br />shall be maintained in the amount9 (including d&':ductible levels) and for the periods that Lender requi.res. What
<br />Lender requires pursuant to the preceding entences can chaIlJe during the term of the Loan. The insurance carrier
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<br />iiilliDiiiiiiiiifiilli (5/4106)
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<br />(pap 3 (If 1 J JHlRts)
<br />Documertt:\ PnXl1l\l6.d Oz.oz,,2001, 15:16:21
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