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<br />L1N[POIEM CavPtv:sNTS. I3orrOWer and Lender CUVenanf and agree as fOllOw'ti_
<br />P. 7Faynteet ofPdndp>e1 timd:IaferesA .Borrower shall promptlgpay when-due the principa! of andinteresr orrthe
<br />indebtednessnvidet[ced by the Note, prepayment and. late charges as providedin'the Note; andthe principal of :and interest
<br />on'any Frnure Advances secured by this Mortgage.
<br />Z. Faads for Texas ~rtd itma->•ecr. Subject to agpticable law or to a 'written waiver Say Lender, Harrower shall
<br />nder cn the day momhty installments of principal and interest are payable under the Note, until the Note is poi all,
<br />a a rein "Funds")-equal tuafte-twelfth at tfie. yearly taxes and assessments which mayattam priori ~ ver this
<br />Mortgage, groundreats on theProgerty,:if any: plus one-tw~el£ttt of yearly premium installments for d insurance.
<br />plus one-twel yearly: premium installments for mortgage insurance. tf any, atlas reasonably estim mitiatly and from
<br />ume to time by Le on the basis of assessments and hilts and. reasonable estimates thereof.
<br />The Funds shall. !d in aninstitution the iteposits cracttiunts of which areinsured` aranteedhya Federal or '
<br />state agencg fiacludingLo 'if.Lcnder issuch an insiitutian)..E:ender shaflapplyihrF stgpav said takes, assessments;
<br />insurance gremiumsand groan ts. Lender may ngtcharge far so holding:and tip , , g the Funds, analyzing'said account,
<br />or verifying and compilingsaidasse nc,.ahd bills;:uniessLender pays: Bono tntei~est oa theFunds andappti~able Iaw•.
<br />'permits Lender to make such'a charg . arrower and Leader ma} a m writing at the time of ezecutiaoof. this
<br />'. Mortgage U[a[ interest on the Funds shall • id ts'f $orrewer, an mess such. agreement is -made ar app3icatile law
<br />requires such interest to be paidLender shal6na required [~ thrower anvinteresf or earnings on the Funds. Lender
<br />shalt giveto Borrower;wi[hout charge, an annual ac tiny the Fundc shewingcreditsanddebits tc the.Fundsand.She '
<br />piirpase far which each debit [o the Funds was made:" Funds arc pledged as addi[io*ul secuLirv for. the sums secured
<br />byahis Mortgage. ~ •
<br />If theamountoftheFundsheld,-by Lee. ogether with t afore monthly insiallmentsof. Funds payable prior m
<br />the due dates of taxes; assessnteais; insure remiums and ground te. sha8 exceed the amount rcquaed ro pa}'said taxq.
<br />assessmeats..insuranceprcmiurns nand rentsas.They fall dtte,su excess shalibe,atBorrower'soption, either
<br />:prompUyrepaidtaBorrowero' i[ed to.Bnrrowesun monthly installme. of7und_c. Ifihr amountofahe Funds
<br />Geld by`Leeder shalt not - [ to gay cases. assessments. insurance prems. 's and ground rents as they fall due.
<br />Borrower shall pay to erany amount necessar4•to makeup the deficiency within ays Irom the date. nonce: ismaited
<br />byLetxlerto'Bort rcgttesiingpaymcntthezeot`.
<br />Uponp m'in fulF:afafl sums secured by this 51o:tgage,. t endershaU promptly rot to Barrowei- any.Funds
<br />Ixld by If under patagraphtS hereof the,Propeny is s..:ld orthe Prapenv is oiherwiseacq d by I:ender, Lender
<br />,s6- p..no iaterihan immediately prior to thesalebLthePropeny or its acquisi}ion by. Lender, ~.FUndsheldby
<br />der atthe time. o[ applicatioaas a credit against the sumssecuredby this Mangage::
<br />3. ~~ oCTaytssnts.'Unlcss apphcahfr taw preyides otherwise;.'all.:paymrnts recc}ved by Lender dertha
<br />Note andpangnphs 3 and 2 heron[ shaft beappltrd by Lender ftrsr iR pavment of amountspayable to Lendei'by Bo wee
<br />under paragraph 2 hereof, then to interest payable on the Note, then to ittr principal of the Note: and then w in[eresr' a
<br />:principal on any Ftuure Advances,
<br />4. Crutges; Lies. Borrower shaft pay ail fazes, :tssessntcnts and tither charges.: fines anal smposittons rttTibutable to
<br />the Property whichmay a[tain apriotity over thes.4tnrtgage, aitdfeaxha)d payments rir ground. rents,.if any; in the manner
<br />provided under paragraph 2 hereof or. if norpatd In wch'msnner. by Borrower making payment, when due: ~hrcc8y to the
<br />payce thereat Borrower shall promptly famish to Lcrider atl natites of amafmts due under this. paragraph, and in the event
<br />Borrower'shall make payment dira~tty. Borrower 3ha2I promptly famish f0 Lender receipts evidencing Stich payiner'e.
<br />Borrower shall promp'ily discharge any flora vrhith has pncrity issrr [his Mortgage; provtdcd, That Borrgwez shalt not be
<br />required Lo discharge any such lien so long' as Borrower shall agree xn writing to the, payment of the obligation secured by
<br />.such lien in a manner acceptable. to Lender, ar shalt in gtxtd faith sunteii such lien by. esr defend enforcement of such lien in,
<br />legal praceedittgs which operate to prescnYthe enforcement ai the '~cn ~,r {aricuttre of the'ProLrtrty ett any part thereof.
<br />S, flannel Ltrwra~cc. Bottower sha29 keep the imprcrvertteitt+ nt~W ~+..ting or hereafter esrctrd on tree Property insured
<br />.against loss hp Rrc, hazards included within the arm "extended .vver.,ye' , ar~ci suchvthrr hazttrds as Lender may reyuiro
<br />sad in wch amounu and for such penuds as Lender may requite: i+ri~ je.I. ;i~at Lender shalt not regknre char the amautn , f
<br />-.such coverage. exceed that amtauntof rovcragerrqutred ti. pav !h.• w,n..c4i,red h: phis Mortgage..
<br />7Ztt inaurat[ce tauter providiirg she insurance xltatl be ch.~.cn hs [lorr~;~cr ~s~:bttct to approval by Lender; provided:.
<br />that'such approval shall not tx anrca~mahly w%ihhtild. All picmiums on insuraticr polrttes shad be paid in the manner
<br />ptmided under paragraph 2 hereof or. rt rant peed in ar::h manner. by Aurrnwtr anakiag payment, when due; iitrectiy to the
<br />insurance curter. '
<br />AR iro~uraece pottcies tied renewals thereof shalt be in form a~rcp• tbSc:2n 3_ender. and shall undude a Atanrlard rnengagc
<br />Clause to favof of and m farm acceptable to Lender; trader shaft ha•c the right tat hold the paticies and rerrcuaf. thereof.
<br />and Borrower shalt .promptly furnish tnLeader all renewal ne~:~e.:s rail all tecrrprs oCpaid pten»ums In the esen[ of lo;~..
<br />BOCIVWCr shall give prompt otxice: [a the insurance carrier. and Ltrtdcr. t ende,t'`maytnake proof of toss ifnat made promptly
<br />by Borrower.
<br />Unless Lixtder and Borrower othersatse agirr in writing, in+urn~e proceeds shalt bs: applied co restoration sir repair :~!
<br />the.Propertydar[tage<i,..pmvtifed such rcsicsratian wrepatr isecorat:z,rti:~;ly fcasiblcand thrsecurity ofthisMorfgagc ~+
<br />rant thereby impaired.' if such restoratton or mpaxr is not ecanamr4,s11~: iz:,sib9e oc if the security of thts t+7oitgagc would
<br />tie impaired,' the tnsuranCe proceeds shall be applied to the sum, ,s:«ued by this lvlortgag.~ with the esters;: if any, paid
<br />to Borrower. If the Property isataartdonaxt:byltorr*wer:.zxif &+rrs~sscr tails to respond.T~Ixtxlcr wrthtn 3{tdays from the
<br />date rx+tite is marled by Lender t~~ Borrowerthatthr utsuraa~e aarr:er often a, sonic ^ claim free insurance txarHts. Lender
<br />is authoriuA to coilcs~i andappiy the irtsuraitccprotecds at lxn.lrr-s up;ien either torestrranosor zeparr of:.the Property
<br />or to the surtu xecurtti b} tilts ,blur tgage_
<br />Unless Lcodcr and Bpirrewer otfgna ire agree .n "rating, sus such appli~ntior, of pn~n.ceds to pnnetpal sfiati no[ extend
<br />or postpone the due date of the months} iastattmtnc ro:erred ;~ is paragrap~; ! and 2 hc7eofoachang@ She amount cf
<br />such installments. If under paragraph 2S 6crsof iheProperty is arquuesi n~ Len:1r:.:,:l,right,tiilearsd tnterest .,f Horrrrwcr
<br />in end ,o any imurancr pohtxs andiaandtothe pnxceds ther~f r~ulzing frvrn carnage to ttie Property prior u: the sale
<br />or atyuiainan sh~tl pass-tp Lender to the extent of the sums-secured try this, Mongagr irnnxdiatety prior to _xh sa!c u.
<br />xcquisiuon_
<br />6. heaenattba:tud hlaiateraante of Propert3i.I,rr.seholds;...Condueriourm; Plannedtiait l)evedopments:. (s<~r:e~:c:
<br />she{: keep toe Propcnyin good repair andshaB norcotrmituas:e cr permitimpairment ar dereriorauorr eiftbe Pmpcrty
<br />. and shalt comply "till the provisituss of any (ea3e this 4r4a.rtgas< s csa _~ le;i sck ,fd. Tf ,*hra xf u-,gage is ^ ,, r in n
<br />ccu:domir,:um cr a pia.nltd tine dcv;,.tcgincnz, Borrower ,ha.t -><ror ~ sFBorrc,wer;or .,uer..,s..n.ierrht r -. ....,,
<br />i
<br />oc a>vetwnts creaung or govrYtyng the condom~r.nmt cr p a.nej r~ J wc;uFa~. t. the h+~lawe eru:a : r > of ibe
<br />condominium ar ,fanned gait deve)agtxiCx,t :trail rsJ,.~c ?:x~mta,: it. a .., x. ,ir.in:: , :._ 'pan recd na~ _.~.r:ent
<br />rider is executed by Borrawei and recorder i.,;,ethc; v„ . ins Mc.tdagc, the -~ ~,...~[ ag:~ r_n;; ;..h r .;er
<br />shall br mcvr~xvied ±nto ar~i shalt err~_nd rand sunpiemcnt 'ne Covenants and ~:~c: t~ r~ arc tit itp~~ge a_ t ~hx ~idcr
<br />sere a pan iterenf.
<br />L 7. Frotertiun of trader's Secnnh i` 13 -r :a, t, so ~rform theeons, r ,.i a ^rr w n rhts
<br />Mxtgage, c+r a an-d acu.a cr prtv.~c,..k ~emm~.ree? uhsehmaecrtattc rfi_~, _ irs .;tt,_ ._ :h I ~rty
<br />vstlndiny. but net lrmtrrd fo emircrtt. domain. ..miscncv. ;a4i enf~~rve..•ont, ,rr;;_.gerncur, ,- rrkr7.>>.` r. r i:,,; a
<br />4unkntpt ur JrcecScnt tttcss Lander s. i_ende r',:. pt ,r,, u;~ ~ ,: :ice t. Ha.rt•HCr m } .~. ~ ,,:n a-i ~lx ~., . ~i .~u ._,, 7
<br />;urns <nd take Such ael_icn as is nrc_„ar7 zn n: o:c.± I _ ,deg'. ac sz .... ,.~.>< ,,. ,. r ~ub acmes; r+f
<br />re..uxnak>e atlorney'a t_ts arul catt-g den the Pr~p:.n~. t, !r,al~.c r _ !: ,., 'c~tJtz.! er. rigee ar •aact as a
<br />:»niLttCn ! mYt.rnF the tr~n 5r:,asr ur a~~ tnrc \tgr~,a~r, &,:,, wo~.. ,'a.ua p.,= f •,: ~piemwm4 .c.y.:.rcd tb mainte,n sUdh
<br />snts;ruaeesrr erlrtit antis ,ugh unx ~ ~',. reyt:ircu.cut h~r -.u..a :-~~~:.eatc xer r ,v:e~ n atcesdar~c_ .~ ch Borru~.vc~s`z aired
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