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<br /> U3JIFOY2M COVENANTS. Bomovw,.r and I.euder covenmat and�es foitaxs: ��' ����� ;�:�-^_
<br /> i. �aymeaioiPr[ndpalanflla4�r�4:�peYmeatactdi.�teCisar�a�. BnrrouxreballprompityPaYaD�ndueahe �-�
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<br /> _- Prmcipal of a�fl in?erGSt en the dsbt evidenasd Ey tht ATota aad aaY preB�nt�sfl Icte�sug�due uaQ�r the Note. �:�-
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<br /> Z. �aclv far 3'axes s�udH�mraace.�ubje�t to applflcable law ar w a wtitieat ar�tti�by L,endet.Borro�ver shnll Pay to ;.___
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<br /> Lender on tfi�:day magthlY Pa"ym�s a�e due under ths Alose.uatt�ths Pf�te psfd[n fWl.a eucn('Funds')for.(a)Y�► �_-_°
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<br /> taxes and assessme�ts wht�maY at�ta Prtority over this SecurI�+dns�t s�m lien oa ths PraFtrtY:(b)Yearly l�old �__
<br /> � ' Paymenu or gound rents on the Property. if any; f�)Y�Tby�d or pmgetry finsurenee premiums: (d)Year1Y flaad :v__
<br /> r: ;asar�.-�xe Pzeminms, if aaY; (e)Yeasty mortgage insusance Premiunu. if u►y:ar,d(tl anY�p�i+able by�o:rower to i�-
<br />� l.e��,Fn�.cooidaar.e with the pmvisio�s of paragraph�.i��t�of tha payment of mortg�ge insuttutcc�p�miu�s. 1�ese __
<br /> ' �a�sa.�xd'Ercrow Iter�ns." L�ender may,at a�+time,oeYltct s�Qoid Funda in ar�am4unt uat co exce�d ch•.maximuB► ___-
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<br /> -- a�a t�fmr a federal3Y retated mongage loaa may r�qniie foT�oz¢awet's escrow¢acaunt uader tha fod:ral lt�l ;,___-
<br /> F3t8IC 5�W�ent Prac¢d�ixes Asx of 1974 as amend�d itom da�W cL�, 12 U.S.C. $2601 �sEq. ("Yt�SPA').�less ��;r=
<br /> anottrer lav��applies w tre Fweds sers a lesser amoun� If so.I�eada�Y.ai a�y tfine.c�all�t�rcd Qold Funds in an �s;�--
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<br /> amount not to exc�tllw 2�zr amoua3.I�er m'y estlmate the amouat oY Fu�tt�z an t�e buis oY currant data aad �:<�_:
<br /> ' reasonable�timates of��ef��Fstro�v Items or otiierwlae in mroaid��a►Ith sgPlisabte law. :=_-
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<br /> " 'ihe Fuads s�atl���iQ2d ia aa�im�on whose deposi4e are inswred bY a fedtasl ageacY.dasuume�lity.or en�ity ;:�
<br /> (includ�,g��,i��n�is ar�rb s.n instltwioa)oz in anyr Federal IIo�I�a Banic. I.g�der shall apply ths Faads w ;___°
<br /> ' PaY the�s C S+n�Itrm�. T R n d er may no t c h a r g a B o m�w e r f a r h o l d i n g a n d a g�S y i�a,g t�a F t t a d s,a n n n a l S y a n a l y z i n g s h t e s c m w __-
<br /> ' accownt,or ve�ify�t3�Escmw Items.aateas Iaader pays Bormwer ixattea3 a�tite Fua�s and applIcabte law psr,mits =_-
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<br /> " Leadsr xa maT�e s�a c2rarge. Row�r,I.En�r may requi:e Borrower tm pay a onE-dme chargts for en indep�ndent�al __,
<br />..;�i� estate tax zeporpag�aa ased by Ieader in connection with tiils loan,unless appllcabie law prov i des o t he r w i s a. U n le�an =___
<br /> agre�ment is�Q��3icable lavl:eqvins iaterest to be paid.Leader shall not be raqu9red to pay Borcowar�y interes4 or
<br /> -;�°�a� earnings o����ls. Bo�rower and Lender tnay ag�se in writing.�uwever.that inurrst th$1!�paid on the Funds. -_-
<br />::;f,;•'; Lender s*..��fie�o'9erroa�rer.withflui chas$e,an annual accouating of tas Fuads.ahowing csedits and de6its tu ilu Funds �,M
<br /> _ and the pacpas��ar wYd�h ea�debit w tha Funds was made. Th�Fuads are plodged as nd�littonal sxurlty for�li sums ,. .:
<br /> ',: sscured by tHi��tY�str�ea� Leadsr sLatl a000unt to �
<br /> �`r'^, IF tlie Fnn�.s l�ld Dy I.eades exceed the amounte permitted to be held by appficable law. -_.
<br /> -��� Buzro�ver for the e.�cess Funds in accord�ce with ttne requiremeats ot applIcable law. If the amount of the Funds�eld by =_
<br />%`';::r:� Laader at aay time is nc�sufHcieat to pay the Esccow Ite�s when due.Leader may so nodfy Horrower in wrIting,and.in ==
<br />��'n' snch case Bormwer sba31�ay to lender the amount nx�sary to maYe up the de�ictency. Borrower shali make up tbe
<br /> -, deflcitncyr in no ma^e�n�axive monthly payments.at I�'s sole disecetioa. ��_
<br />'`-^;�'. UPon PaYm�'.j:��m'ta11 sams sa�ued by ti�is Sa�razy Ir�strument,Lender ah�ll pmaoptly rethnd to Bosrawtr at►y -
<br /> Fimds he18 by�a�r. �I��.�m�ergaiagraph 21.Ixnder shaSl�or ssU the PropextY.Lender,P�tur w tht scquialtton oT
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<br /> ' sa2e of the PrapetC;g,'s]�Il�apP�r anY F�held by Lender as t�e cime of acqulsidon or tale as A�1 ageinst the sum� __
<br /> saured Dy�*�fii�urity��
<br />� � 3. ��cak�an m4�rn� �Jr.3rss applicabte law provFde$othecwise.all paymenta neaiv�d by Lenda under
<br /> , � paragra�`.> 1 ait�2 s�all 3+e�lSe3-��ti 2o anY P�?�chuges due uader the Nou: secoad.w arnouats payable
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<br />'.�.:,;� „ uader F�a�h 2;thud,w�Crte�s?`chn;�our,h,to PrIrcEpal due;aad last.to asy lau charges due under the Nofo. _
<br /> j:',�-� �. t�'ih�rg�;l�eas. �zsiravesr s�n7;1�Sa3�all taaes,as,sessmenta,cfiarSes.fines sad impositIons amlbutable to the
<br /> .�}�`.; � aver��is Secarity Inswffient, and teasehotd paymenta os ground reats. if a�r.
<br /> .��,,: i Property�-7�h sn;aj attaia E�tlartTy —
<br /> .s , � Borrower st�l. ¢�ob33�aStons in the mannes pmvided in garsgraph 2.or if not patd in rhst mannei�Bomavver stu�ll
<br /> ��;� ,, paythemon4�ae�yt��;pessonowedpayment.Eo�wershallpmmpttg►fivaishtoLenderaUnodcesofamounUtobe
<br /> �`�'"�;r paid uadtr thiE�iiuA�p�. �3�3o:rowes matr,es these payrA..°^�.ta dlrectiy,Bomovrer s�all pmmptly ituaish to I.eas�er receipt�
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<br /> ' evidencing the pisr,/�neuts•
<br /> � . Bouawer s�sili pmmptiy discharge any liea whicZe�:as r�ziarity oves this Saudty insuument utileas Soirower: (i) _
<br /> , .. agrces tn wridng to the payment of the obllgaHon sxun��r�r_Iieu u�a ma�r acceptable to Lender,N)conu3sa ia good _
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<br />_,,1.•,. faith the lien by.or defends�gainst enforcement Qf the}i��Ccgai�r�:�ediugs whicb ia the Lender'e apinian opente to
<br /> _,, • preve�the cnforcemeat oY the llen: or(c)secures from�isal�r,�af the lim aa agraemeat su�sf�xory to l�ender
<br /> � 'Y � subordiaating tpe}ieu w this�curIty Instroment. If LenQer deter,�e.a thai aay gaYt of the Propeery i�subjxt to a iten
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<br /> �'':;iih:�;yx whicti may�:i�?��5►oti����tiks Securit�r Instrument,l.eader maY S�ve Borrowet a natIc�e identlfying the 1iea. Borrower _
<br /> shall aadsf�t�ty F�'���c�^,�a c�e�os�z:i�`F�oha acitons set forth above within 10 days oY the giving of nottct.
<br /> S. �tfmr LRcr�r�Tln;�.�ne.��3ur:ower sh�ll Yeep the impravements aow exisdn�or hereafter erezted on tt►o
<br /> �,.....� � _ �rop�ty fwm�±i;�.�t T,�cn,i�fi.-�. ��'n,��ts�inciaded within the term 'eatended cavera�,e• and any other fuzordi.
<br /> -'. '�C111d3II$�ll�'Q.';4�5'�'",e.'�¢,!,�FGL 1vb�Ch I�:lEC T�113tl9 inenra�=. This�St1tAAC�b'�»I�11e t1L�A iil thC 8m01iAti�A �
<br /> . sa�Qte petfc��t�::�:emd«r��s. T�n���-�ar�c�rrier providing tbe insu�ce€i�aii'he chosen by Borrnwer aubjact to =-
<br /> ti,s��cr°s�r�.*�,a���i�a5icb shali nat ise w�u�:�Sy withheId. If BomoNer f�ils ta maiiunln coeerage de�cribod above. ---
<br /> ILdr�..,s��,u¢Wasr,U:�'s opdoa,obta:a cm7+��c,,ir�a yrotect LeIIder's ri�t)t��ia tuo Fmpetty in a�cordauca adth p�mph�. ��
<br /> t�,1i�ar�ract Lascics�sd re�xr-�::���h�i1 l�ri aoce,�table to Lendar rotd stiall inciude a standud mortgage clause.
<br /> �r at�aU have�ie r�gi�c w P�.ai��a.z iP�itlroi�e tgu1:m��arals. If Lender c�equim.s,.Hornawcr shaU pmmptiy giva to Les�Qer
<br /> � .. . all reaeigts of p�id premi�ar�l r�eusA�ttda"rttrs...15�i�rg�vent of los9.Boaowcr si�alt atve p��tnpt not�ce w tt�e insw�aco _
<br /> .' c�ri.es utd Lend�. Ler�..pr��p:�.�a��a�L l,au:L4"�made promptly by IIorns�vcr.
<br /> Unles9 Lender aad Boaawer c'c�.rnwa�a�.�:�w:1Hng,lasuranre proceeds aUafl6e anpl9cd to reswrattan or tep=it of
<br /> .� � �)��;�cy 'c.a.�aged.if the restorr�fnw�su iYy�ia economically feasi�le and Lc�der's aeau��ityr ls not lc�se�ed. IP the
<br /> � � r,�rt��[w►rn�vr r.e{�s i�mot oco�mica]Yy f�lsl¢�-lsndtr's security would be lossoned.tlio iasurance pracuQi�La11 bo
<br /> � ��1b�aEi flu,u��r;aam�seeured by thia Saau:ty;la�er�•,whether or not tfien due.witit az►y excess pa:d to Borcowas. if
<br /> .� E��±�:=.pkr�v;dcss�l;ns the property,or does cun��sc�r�v,�,i�;:�30 daye a aoflae t1+ow Leader that tha iasu�nce curles hL
<br /> ' ..,,., o�ii�'a���a��a�t•a claim.4hen Y.ender map�Urv�:nErre ius�ssa�ce psocaads. I.ender may use the pmceeds to repalr or re�tare
<br /> tlte qil�r�p�*�v�r ita.�ay sums secured by�i�i.c!�+auf.y�, .�::ment,�vLotUcr or not then duc. The 3Q-day period w111 begin
<br /> whers�r���st�iaa�,.�ven.
<br /> �liriu�`,Lr�,;n�r�a.9 L�ircra��r ut�ci��s E;gree in wr's*.in8,anY ap�lication of proceeds to princiyal shall mot e�ttend ot
<br /> � . po^tqp�m�tiNt dlua fi�:.:af t$�u��r;tict};a;.u�r.��ts refe*rGL ttcs:�paragr�hs l aad 2 or chan�e ttte amaimt of the p�ytnente. (Y
<br /> wtdes�tctst�;(�21 tEte Prvperry is����;!��.�:arower'c�f,aJ�t to any insurance golicies and proceeQa tesulting
<br /> � fr�ns da��z�r,e�a the Froperty prtor to f.h.uoe�u+�x•��i�.�s w l�xa�er to the extent of tbe sums seca►r�by thia Sccartry
<br /> . Instnt�t;�n�;tiately prior to the acquiE3tic�. =
<br /> _ ' Yorm E6Z!f/!0 Ipai�7 oJ!pajell
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