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<br /> • YOQE'i'HER WITH ull the Impruvemente now or hereafter erectnd on tno prupe�ry, ana nll aaaemont�, appurte.nancee, end —
<br /> (ixturon no�v on c�re�ftcr n pnrt o1 tho property.A!I replacemante and eddlllone ahnll at3o b�covered by lhlo Socurity Inatrum�nt.
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<br /> �111 01 tho torcpoln�Is rct:rrad to in thl� Sccurity Inntrument na tho'Frapc�ty."
<br /> 60RROWER COVENANY9 thet DoROwcr Is laartuliy aclzcd ot tho cstoto hcrcby comoyod onc9 hao Iho rlpht tn {�rnnt nnd
<br /> .,k:� Convoy the P�operty and thet the Properiy Is unencumberod, axcept tor oncumbranco� 01 record. Oorrower wa�rnnto ond wl;l
<br /> .,r.! defond ptne�sliy the fiiie to tho Proptrty a{�atnat el1 cl±�ma nnd demends,aubJect to atiy encumbrnnces o1 recard. '.�.
<br /> ' • ' THIB SECURITY IN9Tfi�.ihAENi combines unlioml cor�nent! tor natlnnel uoe and non•unitorm eovvnnnte with Ihiiltod �"_.
<br /> varlatlons by�udsdlctlon to conetltute a uni(ortn secudry inetrument covadr.fl real property. �:-��
<br /> ' �;; UNIFORM CQVENANTS. 8orrowe►end Lender covenant nnd aflree as tollowa: �.
<br /> �•� 1. Pey�nent of Princlpal and Intereat; Paepayment and Late Char{�ee. Borrower �hnll pramptry pny when -
<br /> due the pdnclpal oi ond Interest on tho debt evldenced by the Note end eny prepayment end lalo charpc�s duc� uncicrr thn Nnte. �,
<br /> � 2. Funds fnr Taxss pnd Insurenc�. SubJect to eppliceble law or to e written welver by LendAr, Borrowor shnll pay ___-
<br /> k-��� to Lender on the day monthly pnyments sre due under the Note,untll the Note Is pald In full, e oum ("fundN') tor, la)yaarly �,.�
<br /> loasahold �u
<br /> -„�� taxes and essessments which mny attaln priority over thls Secudry Inslrumont ae e Iion on thu Prop�+rty, tFi)y�ady .�..
<br />, __.� payments or ground rents on the Properly, if any; (c) yearly hazerd or property Inaurence promluma; (d)yoady flaaA innurence
<br /> premlums.If nny: (e)yeariy mortgego Insurance premlums,i} eny;end (Q any suma payebla by Barrowor to Londar In aaoardance
<br /> '�� • with the provlslons oi paragreph B, In Ileu ot the payment of mortgage Insurance premlums. Thnae itamn aro cnllad "CACrow
<br /> �=�+` Items." Lender may, at eny tlme, coflect end hold Funds in an amount not to wccend the mnxirnum emaunt u leadw tAr n �
<br /> ^ tedernlly related mortflege loan may requlre tor Borrower's escrow account under tha fAdarel Real Estntc�Settinmont Procedures
<br /> ��;4,;,.�' ' Act ot 1874 as ctmmded irom time to tima, 12 U.S.C.�2801 et seq. ('RESPAI°), unlosa anolhor Iflw thnt c+��llss to the Funds
<br />-•. y� snts e lesser amount. I} so, Lender may, at any tlme, collect and hold Fund� In an amount not to ox�eed tha losaer amounl.
<br /> . 4onsl�r may estlmate the amount ot Funds due on the bas{s of current date and renaonnblu ostimatos of expendlturoe ot futurc+
<br />�-t� Escra+v Itoms or othervvise In accordance wtth appllcubic�Inw.
<br />�,�,:,,�;�a Yhe Punds shalt he hetd In an Instttution whose deposits are Insured by a tederai agonay,Inet��a Funds• torpay helnEscrow
<br /> - -�, Lender, B Lender Is 6uch an Institutlon) or in any Federel Hnme Laan Benk. Lender shnll apNiy
<br /> V'm�� itema. I ond�r mey not charc�o Borrower for hoiJing and a�plying the Funda, annualy anahrzUin the 83CYOY! account, or vedfying __
<br /> lhe �suow Items, ���ess Lender pays Borrower interest on tho Funds end nppllnabls� I<nri �mmity Lv�dESr to make such a
<br />°-=,�� ah�C]e. However, Lender may requlre Borrower to pay a onetime cherge far an Indc�pnndcrt real estate tax r�pnrtin� cervlce —
<br />,��;�� used by Lender In connoction with thls loan, unless ap�lisable law provides otharwlae. lfilese an egreement Is ma.do or
<br /> -- app�icable Iaw rcquUes Interest to be pald, Lender shall not ba requlred to pny Ro�rower nnyr interest or eamings on tha Funds.
<br />- - Borrower AnA lanJar may agreo In wHtlnfl, how4ver, thet Interest shnll bo pNid on the Funda. Londer 5hail gh►e to BoROwer.
<br /> without charqn, an annuai accounUnp ot the Funzls, showir�g crodlts ond dadfto to ihe Funds ond thc� �urpose Por which each
<br /> � debR to the Funxia was made. The Funda are p}adged aa udt�if!onal securiry fpr all sums socurod by thu��curfty Inatrument.
<br /> tF the Funds held by Lender exceed the amounta pertnittE�to be heid by applicAblu tt���, l.ender sha`t account to EaROwer
<br /> 9or tho excoss Funda In eccordance with the requ!rementcs of applicable Isw. I}the amouni•ot the funds heid by Let��'�ut any
<br /> — Umo!s not suffid�nt to pay the Eactow Itema when due, Lendar may eo notify Borrower in wriUng,and,in such case i3uTrower
<br /> � shail psy to 4ender the amount neceaaary to mnka up the deflclency. Bortower shall make up the dc��f itcy In no more thnn
<br /> tweNe monthy�aymente,at Lender's sole dlscraYian.
<br /> vpu�. pny����`u��n! =-" �u"�- `-°�si"-`�h:!nin SAa,�ritv Instrument,L�ender shall promptry refunc�So t�orrower nny Funds
<br /> — held by Lender. Ii, uen�Funds held by l.enda at tho time�t acqulsitlo� orPsee�s�a c odft�epaln t�the sums secu ed by thla
<br /> Properry, shsM apply Y
<br /> Securriy Insitumen�
<br /> �, q�L�f�p�837�en of PaymsretS. Unlbas nppV�:abia law providea atheiv�ise, alt payments recelved by Lendar wider
<br /> pnragnphe 1 rand 2 shali be applied: Rrst, [u any pmpa!rment eharges due e�nder the tJote; second,to amaunts payable under
<br /> qnrngraph 2;thlyd,to Interest dtte;fourth,tt�prinalpal�Suo; and test, to sny lnte chargas due under the Noto.
<br /> 4. Ch�Yg�i; L1�11�. norrower shell pay UA 4a�ces, nssoasmente, cherges, f,nes and Imposltlons nttrihutable to the
<br /> Property whlch R�y rtt�in priusiq�ovar thla Security insmament,and laisahold paymenta or r�round rente,Ii any. 0arrower shnll
<br /> pay these obllgaUona In the rnanner provlded In peragraph 2, or Ii not peid In thnt menner, Bonower ehall p+ay them on time
<br /> para�aph.thf Bo ower wmR es these payn�irWn u dkec y, Bo ower19sha11 pr mptlyalfumisih to f Lendern reaelpta evidenc ng the
<br /> paymenta. eee In
<br /> Borrowa shsH promptry discherge eny Ilen whlch hna p�lo�ty ove thla Secu�iry Inswmont unless BoROwer: (a) agr
<br /> w+iting to the payment ot ths obNQation eecured by thu IiMi In a manner acceptable to Lendar; (b) conteste in good fskh ths
<br /> 1}en by, or detands �geinst entacement of tho Nen In, iagt! proceedingo whloh In tha Londer'e opinlon opaate to prerent the
<br /> an9atoement of the lien; or (c)secures hom the holder of tha Ilan en agrols�sub ect,to at Ilentwhl hdmoy attahnpdoriryhov�r thla -
<br /> thla Security Ir��irument, II Lender determ(nes that any paR of the Proporty 1
<br /> Secudry Instniment, Lender mey gke Dorrowur a notice Ider.tlykig the Ilen.HortowcY ehaH seUsfy the Ilen ar teke one or more ot
<br /> Yhs actbns eat io»h ebove wNhin 10 day� of the gfvtng oi notice.
<br /> 5. HiZYOrtI or Qr�ee�Ry Insuraneo. Borto►ver ohnll keep tha Improuements notv extating �r hereaRw erected on the
<br />� �Prope�ty inaured�gainat loss�y Are, hazuda tnduded withM the tam 'extonded coverage' eRd eny otha haurda, Including
<br /> flaods or tloodtng,tor whleh Lender requires lnaurenr,e. This Insurance ehail bo malntetned!n the amaunts and for the perioda
<br /> thet Lcnder requlres• The Inaurance cartier pravlding the Insurence ah�H be cho3en by k3orrower subjaot io Lender's epproval
<br /> whbh ehall not be mireesoneby wkhhold. If Berrower taWs to malntaln coverago doscdbed above,Lender may� at Lender'e
<br /> mprion.obtek� coverage to protect Lender's dghts in the Praporty In accordence wfth pemgtaph 7.
<br /> IW Insuranca poHcles and renawala shall be accephabla to Lender and shall fncfudo u stonda�em�o LmaN�II receipt do1
<br /> a'haH have the right ta hoid tha policies and rnnewals. !P L�nder requlrea, Bortower shnil�romptty g
<br /> ;oaltl premlums snd renewal notices. In the event ot loss, Borrower shali�Ne prompt notice to the{nsuran�e cartler nnd l.ender.
<br /> lender may rte��o prool oi loas ii no4 mado�romptty by Borrower.
<br /> Unleas Lendor end Bo:rowes otherw��a+groe In wtfting, Inauranco proceeds ehall 6e epplled to restoration or repalr o}tNo
<br /> _ �'loperty dameged, it the rrstoratlon or reFwir ts economlcalry tenslble and Lende��'e cecutlty Is not lossmed.It the restoretion or
<br /> ��uafr Is not economicelty t�a�i'oie or Lenders securtty would bo lessened,the fn^,urnncu Procoeda ahnN bo eppHed to tho sums
<br /> smcured by this Seeudry InaYnrr•aont, whoiher or not titan duo, with eny excess puld to florrower. It Borrower ebundonu tho
<br /> __ -=-_ Y rapsrty, or doca not anstirs r!Rh(n 30 !�Ay4 e notico from Lender that tho tnourenco canler has ottorod to settle o cttdm,then
<br /> — Lendor m�y coqect tho Incurence proceecis. Lender may ueo tho procoodo to repak or restore tii� Property or to pay aum�
<br /> secured by thlo Sacurity Inatrument, whatire�•c•r not then duo, Tho 30•day perlod wiA begln when tho nC.�ca�s ghren.
<br /> — Unless lendar and Borrowa othorwise ngrae in whthp, any npNlication ot proceeds to p�tnclpaf shaN not extend or
<br /> � pnatpono the due date ot iho monthy paymenta rciterrad to In pamgmphs t end 2 or chenpo t8e amount of tho puymcnte. If
<br /> under paregmph 21 the Properiy Is acquked by Lender, Barrower'o dght to any Insumnco poUdes and proceoda resLlUng iram
<br /> -- damtge to the Property pdor to tho acqulsitlon ahall pnss to Lendor to the extont of tho sums by this SocuNty InoUument
<br /> = imme�atery pnor to me a�quisigon.
<br /> � : � 6. Occup�ncy, Prasorvatton� Malntenar.c� �nd Protwct0on of the Property; Barrowor'e Loan
<br /> ------- O,pplleatlQn; LeasYhOld9. Borrowr.r shNl accupy, establish, end use tho Property n3 Bortower's prindpal residence wMhin
<br /> � slxty day� afte+ the execuUon of thls Security Instrurne►�t and shell continue to occupy the PropeAy aa Bortower's princlpal
<br /> resldenco tor et least ono year eRe►the deta o1 occupancy, uniesa Lender othe�wlaa ngrees In writtng,whlch can�Qn4 shnll not
<br /> � � bo unreasonaby withh�id, ar uniess extenuathiy ckcumstancus oxist whlch aro bc�yond Borcower's control. Borrower shall not
<br /> —�- destroy, demage or Impalr the Property, nliow tho Properry to detet►oreto,or commk wasto on the ProperLy.�ortower ahall be ln
<br /> -=--�a.=�'-' default if a�iy tortcKuro¢ctton or proceeAing, whe�hw clvN o��cdmind. Is begun that In Lendero gaod falth�udgme�t could result
<br />--;.:��,-�. in torielture of the Properly or otherwlse ma:eriaNy Impalr iho Iim Crcated by lhis Secudty Instrument or Lender'a secudry Interest.
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