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<br /> 96_ �0�1°�� a�::
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<br /> • BOItROtiVER COVENAM'S that 19orrower is tnwfully Eeized of the estate hcreby conveyeef and hac dte righi W graat =�
<br /> and rnnvey tlte Ro and that�he Pto�tgr is unentvmbered,cacepY for encumbranccs of rpcurd Borrawcr wa�ran�;c�n� e:-
<br /> .- ��il!d�fe�d generatty�arj$co c!e Ptopeny uga�c all ct��nd demands.wb}ec[co any e�scum,Daanr�s of rerord. _;_
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<br /> LJ�:32bi COVF.NAI+IT'S. _•
<br /> l. Peymtat m!P�td.�al,Interes�and Late�e. �nrrow�e sha11 pay when due the�rincipal of,and iQterest on. •
<br /> the debt e�idea�d by the Kote and late charges due cattter th�No�e. ``•
<br /> �. Mon4biy 1�aymen4 aP Ta$�s.Ins�as�ee�a�ntl Q1�r C�ae�� Bonawe�shall iaslud,e in e,ch mnathly payment. �;
<br />` ' ', cogether .vith the piincipal and Iaterest as set fonh in the Note and any tate charges. a srun for (a) mxes tu►d sPeci�! �-
<br />--� assessments leviesl or to be Ievie� ag�nsi t�e Progerty, (b) teasel�o2d payments or gmand rents on the Pra�+, and
<br /> (c)przmiums for insurance r�uire�d•mnsfrr Faragraph�1. lu aay ear i�e�HicD the i,�der must pay a mortgage m�ume�x ��=
<br />: . premium to th�S�etury of Housing unnd�Urban Dzvelopment(°�°).or in 3ny year in wtuch sacb prem►um��uld �`.
<br /> bave bee�nyuired if Lender stii!haid the Security Inswment,ea�h mon y payatent shatl alsa include eitt►�:(i)a sum for -.
<br />,. ' . the annaal mt►tt�age insuranaa p�eminm to be pazd by l�cnder tn the Ser�etary.or(u?a rnonrhly charge instead of a mfl e �:s
<br /> mrt�
<br /> ins�uanoe t�m�am�f th'sb 8e:+arity.I�►sMUment�s hetd the 5ecrerary,in a ceasoaahle amaunt ro be detenuiFt� by the
<br /> Secce�uy.p�cpt far tAa montietp cbm�a by ohe SEaetary these items are called"Esceaw I�ms"and the s►�ms paid to Leader �-
<br /> are caIl�"Eacm4a�Fnnfl�.' �f--
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<br /> Leader mtt}�.nt aaK•time.collert and hatd�ount4 for Fsaacv Items in aa aggregate asaunt nnt ro exc�the mm�imum =-
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<br /> amnum that may 6�m�iir�.#�fnr Bu:row�'s escmtv sscuunt under the Real FsTnte Setttement FrooeQures Act of 1974. 13 =_
<br /> i�'.S.�.� ZQOl tg s�. and implean�ting reg�lations, 24 CFR Part 35Q0. as they mny be am�de� fmm tun�to tims =-
<br /> ("TIESPA"),exo�pt that the cus3�ion or reserve peruuttcd 1��RESPA for uaanticipnted di�ucsemeats or dubnr�cme�nts bet'acc ==
<br /> ' `" the Eormcvfs'�paymenis are available in the acconnt m�y not be 6ased on amonnts due for t�e inart�ag�e insuraaae�►istm. '-.
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<br /> �� if the e�nmmts held by Lender for�scm�w Items eacoeed tfle amounts peamiued to be heid by AFSPA,Lender shr11 de:al °-
<br />.,�.�%:_ car�b the ex�.funds as tequiced by R�SPA If the ammmts of fimds Ueid by Lender ei any t'sm«a�aot sufficie�t to pag the _
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<br />:�r�: F.SSmw Items when due.Lander may notify the Barnnnc+es and require Bomower tm malce ap the shorpge or defiei.��y� _-_
<br /> :r. ps�miVed by RESPA -- -
<br /> ?'Yfl� 'Ilie F.cmw Fands are pledged as additional secutity for aD sams secvred 6y this Se�auity Iastivmen�. If Hamostivs 'v-
<br />...i�.so. =:.::
<br /> ,:,t� teaders m T�sfer dse full payinent of siti�uch sums.Boirowd s account shall be credrted with the balaaoe rem43niag far aIf .._;.:
<br />;;��" . insYaltmeat it�ssrs(a),(f�),aad(c)and�r mortgage�snrance piemiutn iastallment that Lender has not become obZig�t�tu '.�,.;
<br /> pay w ihe'S�hry,and Lender shall p�spily zeiund any exoess fauds w Boaouwer. InunediateJy prior to a fm�cbaswo safA ..
<br /> : of the Properry ar � acquisition by L,ender. Boaowds account sha3! be aeditsd with aay 6alnnce rempining fm.uU. k=`.
<br /> instai!ffients faz items(a�,tblb aasad(c). o�;
<br /> 3. Appl�at�e��r��fa..All paymsnts�d'cu���agraphs 1 and 2 straJ3[�applied by Lacdcr as faAtr�va: ==-.,
<br /> tnti�mn� r���p t+.r?.�d b LEIldea to the S oi W the mOIIthI b ' �
<br /> � ������8�� P L Y ��Y Y�� Y'• d�.
<br /> . tbe St�tr�.y instEad of the moIIthl3►mortga$e' '��s:e p+�•rn��-
<br /> ����';. ,o any taxes, special as.�sments. I�old rar?m� cc gmund r�nts.aad 5�tYaod and ottter �
<br /> a bG.€���J.f�l3IIOC premmmc;�q��; ' —
<br /> . :, f,i�mterest due�nd�r the i�Io�; —
<br /> � ,� �to�mor�tioa of the princ�pal of tLe 1"6u�; =
<br /> �����iate charges due under t�eNote. —
<br />"4�y�i A. �TCCp;�bod�Ott�er F�xti Tf�raas� Bormorer sh�i5 i�sare all improvestent�aJ�fi he Pmp�ty,whether c�oev
<br /> ;,y��. in existcaca�+�subsequently e�tec�.��t= any 6a7ards.casual�.•and conringencies,ima�.uc3tiitsg fice,for wlucb Leadc�r �
<br /> ;.. .i requires insaranoe. 7]v�ia,suramoe shaPl�maintained in the affiou�ts saa for die perIods thar�ender nquires. Bonowar =
<br /> . s. shaU also Insare a11' pra� ts on the Pra�erty.whether now in existence or subsequently eYecced,agoinst loss bp flnods o._
<br /> m the exte�t required�by t�Secretary. All insurauce sflall be canie�with companies approved by I.�nder. The insuraace °
<br /> ;.�; policies and eny cenewals shall be 6eld hy Lender and shzll inciude loss payable ctauses in favar of,and in a form a c c e p t a ble =
<br /> . .F to.lxndcr. —
<br />`��'� In the event of toss,Basr�wer shaD give Leader immediate nati,�by mail. Lender may make proof of toss if not made �. .,
<br /> ��.., �' pm tiy by Bomnwer. Each iasurauoe company concemed is hereb,�+ttuthoiiaed sud di�w maYe payment for sucb loss , _
<br /> �y m Lender,instead of to 8orrowez and w Lender Ioin4y. A11 as any pact oP tFs�insnrance pmcxeds may be apptied by
<br /> , Lender,ai Its opdoa,eithe�ta)to the reductian of the?adebtedness und,zr the Ncr��nd this Seauity t�4s�,+�R.;�irst to aa�r q1
<br /> ent amount� I:cldEla�the o�+der ia l��:ztu�then to �a�� _' ci or(b)w the c�esto�tdton os�parr �`
<br /> .° �1�N ePP' . . �pp}icatton op�ro�et�ro tha P�F,�sha11 n t e�d ar ne the due dau af the =
<br />%�`�l�;_;', ���j�1FtT7G���.��em�t(u im Para p �it�:e��amount of such a �Any cxass insvrance . v-
<br /> f m grap5�2.,or clu�.n � P Y
<br />.`:"•,"9"� pmadeds inrar ros amovm n uu�ed fo��g c�ll outsqn�:�g mdebtednrns•unda the Note and th:s'�cunty l n suument s h a ll b e � �v::
<br /> pa�d w We�'�`.�.y te�liy,���tDem,to. __
<br /> � In the evtnt of fcn���sure of tbis Security In�+�ent or othet tsansfer of.titIe w the Pcoperty tUat exhnsuishes the =_-
<br /> ij¢�a:aU rigdt,title and interest of Bomuwer i��;tari�w l n s u�a n a po l icies in i Force s h a ll pass to t h e purc h a w�. .
<br /> � S. t�?u.wpaacy, Pe+cservatlon, Maintenance � Pmt�tlon ot the Property, Barrawes's I.o� 1F.�IicaKbn;, � �.
<br />��°"�� i.�alitfa. �Borrowea sLali o�upy.establisii,and use the Pmperty as Borrawet s prmcrpal res�dsnce arittoin sia:�,-�ys oli�r _
<br /> �e e�ecu�itttn of this Sec�ity Instrument and shull oontiaue to occvpy We FraQeny as Borcowee's principal r��itlr:s3�e for a4. _
<br /> ",e�st oite�year afrer the date of occupancy.ualess the Secretary Ydetermines thLS reguinement will c.�anse undae�fim�rdship for __
<br /> l�oirawer,or miles5 exoe�nuating cirrumstanoes e�ist cuifiurh are be ond Borrowds contml. Botrower ahall na�f�ja�T.enders of ,.-_
<br /> s . aey e�teuuaaiing eircumstanoes. 8omuwer shaU not a:�mit waste or destroy.damaSe or substantially change the Property or ___
<br /> a11ow the Property to deteriorate,reasoAaai�le wear a�rcd tear excepte�. Lender.may inspect the Propertq if the Prapeity is --
<br /> vacant or absndoned or the Ioan is ir����u';a�It, Lender may take c+c�nab22 action tfl�mtrct ead p�e sus�vacaat or =
<br /> abandoned Ptoperty. Bortower sh�1Z al�tia ih:iis defavlt if Borrower.c�i«::,�g the i�an appLraHon process.gave matetially false R
<br /> or inaccurate infarmation c+r r„aume�y�as�C,c.Li:er(ar.fa�ed topm v�.�Ye Lendea�:�c,�h any maoerial infam�auon)ia oonnection �
<br /> tivith the 2oan evideaad l�i�i�Note,incI�dtng.bar ncae P�rnited to,�presentetixmn�coacen�g Boimwds ocagraacy of the -_
<br /> 1�coperty as o principal rc:uiigsr�. If ttus Secunry Yu�t�rnrc��t is on e leaseho2ct,l3�;m:�wer shall comply with Iltc�src�v3scons of __
<br /> i�:e lease. If Barrower aaq��es fee tide to the Arop�t!�,.dl�e iea�ehold aad fee aQe sna11 not be mergcfllmla:s Lo�s�i�ag�es to
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