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8.1-..i)C!~?~3
<br />Utrnroens Covtnxntvnt. Borrower and Lender covenant and agree as follows:
<br />1. IRe~t aE ird Iaterast. Borrmver sfiall promptly pay when due the principal of and interest on the
<br />i~ avideTtrad by the Nstfe, prepayment and late charges as provided in the Note, sled the principal of sitd interdt
<br />on tu7y Future Arlvattres secured by this Mortgage.
<br />$ Ftstsls liar Tetiw ttri lanteaiea, Subject to applicable law or to a written waiver by Lender, Borrower shah p:y
<br />to Leritier on the day mrxtthiy instailtneots of principal and inttrcst arc payable under the Note, until the Note is paid in foil,
<br />a trier-rr ~tci r "r uaa>3") equal to area-z~r'nh of ¢he ycany texas and a;s~sr~nrt u:tn.h r..ay sttai : prinrEfy over the
<br />Mortpge, and groaaid rants an the Property, if any. plus Otte-twelfth of yearly premium insaaBmenta for hazard inttttrarice;
<br />phi one-twelfth o[ yeasty premium inatalhtterits foe mortgage insurance, if any, all as reasonably estimated initially and frwn
<br />tithe to Uttie by lender on the basis of assessments and bills and reasonable estimates thereof.
<br />The Ftansls shall be iseM in an im¢ittition the deposits or accounts of which are imutmd or gttarameed by a Federal-ar
<br />state agency fineltding Lander if Lender is slink an imtituiion). Lander shall apply the Punk to pay said taxes, assessments,
<br />itsstrrettce premiums arrd grour^.d rims. Lander may not charge for sa holding and applying the Furutq, analyzing said account,
<br />ar verifying and compiling said assessrttena and bills, unless Leitdee pays Borrower interest oo the Fonda and app{ieabk law
<br />permits Lender to metre such a charge. Borrower and Lender may agree in writing at the time of execution of thin
<br />Mort~tge that imerast on the Funds shall be paid to Borrower, and ualeas such agreemem is made or applicable laver
<br />tequirta such interest to be paid, Leader shall not be required to pay Borrower any interest or t~taings on the Funds. Lender
<br />sh-ail give to Borrower, without charge, an annual accounting of the Funds showing credits and debit4 to the Funds attd the
<br />purpose for which each debit to the Funds was made. isle Funds are pledged as adsiitsoaa} security far the stttr-s secured
<br />by this Mortgage.
<br />If the amount of zhe Funds held by Lender, together with the future rttanthly instathnenta of Funds payable prior to
<br />the ~ dates of taxes, assessments, insurance premiuau and ground rents, shall exceed the amount required to pay said taxes,
<br />asseantertts, Insurance premiums sad ground rents as that' fall due. such excess shall be, at Boerowe~s option, althea
<br />promptly repaid to Borrower or credited to Borrower on monthly iristalirrteritss of Funds. if the amount of the Fins
<br />bald by [.ender steal! not be su8leitxet to pay taxes, asressments, itrsurance pttmiums and ground rams as they felt dire,
<br />Borrower shall pay to Lander any amount necessary to make up the deticiency within 3a days from the date notice is mailed
<br />by Lesdex to Borrower regt~ting payment thereof.
<br />Upon payment is full of all sums secured 6t' this Mortgages Lender shall promptly refund to Borrower any Fumfr
<br />held by fender. If uaider paragraph 18 hereof the Property ;s sold or the Property is athetwise acquired try Lender, Linder
<br />shall apply, tw Fates than immediately print to the Sala of the Property ar its acquisition by Lender, any F•,ertds held bq
<br />leader at the lima of applicatfon as a credit agarnst the sums secured by rhea Msxtgage.
<br />3. was of FspmnO. E;nle:ss applicable law provnks oiherwisc. all pa}ttetms relived by Lender under zha
<br />Nate and puagrapha 1 aatd 2 herrnf shall be applied by Lender first m payment of amounts payable is Lender by Borrower
<br />under patagraph Z hereof, tlmn to in[trest payable on the dote. then to the prtricipal of ttx Naie, and thin to inte_~•st artd
<br />principal ~ any Future Advances.
<br />a. ChsrBer, Lies. Borrower shall pay all !axes. assessments and .xMr ~hargcs, fines and impositiarts atvrbutabte to
<br />the Property t+rh~h nay attain a pnoriry over this Mortgage. and kascfroid pay7rterus or grouixi rents. if any, in fhc meaner
<br />provided under paragsapit ?hereof or, if not psud 'a such manner. by Borrower maktrtg payment, when due. directly to the
<br />payee tluteof. Harrower shall promptly furnish to Lender all notices of amoumx due under thn paragraph, and in the evert
<br />Borrower shalt taake payment directly. Barrnwcr Shall promptly furnish to i.endcr res:eipts estdertcrng such payments.
<br />Borrower shall prompUy di;Cliargc any liars which has priority over this Mortgage; providsxf, tttai Harrower shalt nor be
<br />required to discharge any wsh lien so long as Harrower sftait ag[ec to venting to Fix payment at tiu ofrirgation secured by
<br />szxh lien in a manner acceptable to Lrnder, or shall in goosi faith comest such 6xa by. or defend enforcement of verb Nett in,
<br />leo?t p_roeeed~a whisk aperars !o prevent the cnferCetnes*ie of the Iles! o. farfcslurc at tiY Prapes~ty -~- --- past thsteof,
<br />3. Bt~d laws. Borrawcr steal) keep the improve[rtems rzaw exrsung or hereattcr ereti`ted on ihe•Propcrty insured
<br />agaimt loss by free, hazards included within the rerrtt "extended coverage'- and ssuh other hazards as !.ender may requite
<br />sad is such amounts and €or stub pernxls as 1_Cnder may require; provided, that Lender +tiail not reymrc that the amount of
<br />stub Coverage exsxsd that antotrrit of coveeage required to pay the Sumti -cured by this Aiartgage-
<br />The imuraace carrier pravidittg the insurance shall be chasers by iorrower subject m approval by Lender: provided,
<br />that such approval shat! not be uttttasonably withheld. All prertunms on insurance policies shall be paid in the manner
<br />praridad urtdee paragraph 2 hereof or, if trot paid in such manner, by Harrower making payment, wtren due, directly to the
<br />imuratstx saerier.
<br />AU imutancc policies attd renewals thereat shalt be in form ~cCeptabk to Lender and shall include a standard mortgage
<br />clause in favor of aad in form acceptable to Leader. Lender shall have the right to hold the pniicies and renewals thereof,
<br />sad Borrower shall promptfy furttiait to Leader ail acnewal notices and aH recespts of paid prcmounts. in the event of loss,
<br />Botrawet shah give prompt notice w the insurance Carnet and Lanier. t_tndcr may make pnwt of loss tf not made promptly
<br />!r/ Borrower.
<br />U~ L~.c:zr amt BasYawer uthersv;se agr~ in :vrrttng; insurance prsxceds shaft 6c appSizd to restoration or repair of
<br />the Prcrp_tty slsataged, provides! such rcstaratton or repair is economically teastb[€ and the sa;urity of this Mortgage is
<br />ever thereby impairexl. if such res[sxauon oz repair is net ecoiwtni.:ally feasible or if the security of this Mortgage would
<br />be impaired, the insurauct prncoeds shat! be applied to the sums s~:ured by this Mortgage, walk the execs, it any, paid
<br />to Harrower. if the Property is abartdoeted by iorrower, er i! Borrower fails to respond to fcttder within 3G days from the
<br />dare notice is mailed by Leader to Borrower that the insurance carrier otters ro saute a claim for inwrariae benefits, lxnder
<br />is aUtharirad to caliact and apply the irtsurarx:e proceeds at Lender's option either to rdiorairon or repair of the Property
<br />w k> the arum seCUred by this Mortgage.
<br />Uakaa Lender and Barrusver otherwise agree ui writing, any such application of prosetds to pnn:ipai shalt net extend
<br />or pastporx the dire data nt the nwnthly instattneents referrer! to in paragraphs I and 2 hereof or Change the amount tit
<br />stub trsatalttmnU. lz uirdm paragraph IS hereof the Property is acywred by Ls:nder, all right, title and interest of Harrower
<br />is sad to say irtaurattce pulit:ies artd in atxt to the prsxzcesis therwt resutnng from damage to the Property prior to the sale
<br />or acgteicisuat shah pass is fcaslw to the extent of the sums .ses;ured Icy this Mortgage immcdtatdy poor to such sale or
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<br />3t. Paaaatvatir~ semi ~e reI ProtPeeiyt l,aastUealds: Coadpareaifwr; fstanaed Unit Ikvebpweaw Borrower
<br />tball asap rtw Pnsporty is guswl repair and shalt trot ::vntmit waste ur perms[ impa+rtnam sx deteriuretinn of the Prolteny
<br />ud strati ctuit}tty with the pssaviiuorra of any tetwx it this Mortl{agc ~s nit a Icauhcrld. If this Mortgage is an .t utut in a
<br />:xsuis .rr a pirssnsd tonne devnls>firrrent, Borruv.Er strati prrisxtn all of H<xntwer's ,+hligatiuns under the deeiaranon
<br />creel _ or vaisutag tlte -rxtefrtir_tn+~n= ,+t rit=ar.f+s'a_l s=rut dCSet-*+>3tr•r'!. the h 1. regrilationa of the
<br />--+~•°° of plamaaf uuu ilevelc~atn', and .+;rvstits!rni ,kKUattents. li a .oiw.~tntnium or planned lout develuprnent
<br />r ~ a~rx~Y tar tr?*~ .+rtui r~rs~d ttfs•~. ~;tlS t>,.. Ltsxtg~, ie,c ~c>sc+_rants arxi agr~iesems cif su:tt rider
<br />s of aser:+atpstr-ear+A .uas+ tip seed supp4suw:ors :~ ..s-,+€rssnis aril agre+enttnts v+t tress Martgagr. as ii the ttdcr
<br />++sra +s p^tt lased--.
<br />ro= ! t! i.urtlaer`a SMr !t H.rr,,.cr taxis ss, trvrt:.rsn. the ax~+~+ssraoHS .ftd ,ygstunscnts kosuaured an this
<br />?ti,sr r!r +! ray eoCtoQla .rr Pr~r .:v~~v.e+: ='nw.r, m..trrttrt~ .=tft.ss l.cnJe+-s fensrrst m tlta P,.>pa.rt~.
<br />~iCl'~`a >t~ tiytgWltis i.e. ~ if+n- _ ••. R1R. t. „aM3t; ed-a:N'tCtAlt t -m .cFtxna+G3tYrtltf :sr Er:+a.~t in~ry~ang A
<br />sot :~ i.a+so4er ar t~.aaosor : ~ rw~,,,, ,ry...~ rv. >;:;..r ~~.. tlcrr r.~.rr ^.+rs ==+wir .ts,..h +Ppa..rrns~avo .Iisbursc ao,.h
<br />stYabr ~ ~+ wt7e r.u.~er ~ ar irK. :1•~+ia. ..-. ,...,~--.. ~~rt ~se=zu ,. ~: ,may i.±'ki.M.i.. ~ ,li#w,ara€erstn¢ ,_;
<br />~--~n .,.-. L.e-rr ss~: -4e v.,~ ~~ ~., .:~ ~-_~: ~-mss - .ze- .._... z~.. ~_ ~~.- _
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<br />. -d ~+as.ari*.a>,3 ~ ~..:~ses ~ „mos., st.~~„~ a.: ~t;rr, ..3 'Tx -_..a..,..-». .,,.:., r: ..• c-
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