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<br /> � - � FOOE7FIER WI7H ail tl�e improvemeats nav or hareafter erected oi� tha properry. end a0 easem2nts. aPPuRenances, and - •-�.tv-���. .`:
<br /> a ..
<br /> fixturzs now�hereafter a part o4 the PmAERy AI?replaeemettts and addUons stmll also be covered by this Security Instrument __
<br /> . AII ot the toregotng is reteaad tn in this&ewrity Instrument as the'Rroperty' �t, -- -
<br /> � BOAAOW� ���5 LhBt BaITO'NE7!S ISYJ�lIII�I sr�zed of the es�te hereby conve��ed end has the dgfit to grant and �.y: �,. � , t _..:F_
<br /> convey the Pmpmty and thai the RroAerlY is usenatrnDered. ew�A!tor encumbrances of record. Bortower wartanls and wi;l = --- � r
<br /> defend gsneraUy the title ta the Froper4y ag�inst efl datms and demands,subject to any enwmbrances ef reeord- . , , �' �=
<br /> THIS S£CUAITY INS7RUMENT eombines unffortn covenaMS tar natlonel use and non-unrfortn covenarts with ��mite�� , ��� , �.�r- �
<br /> -..��
<br /> vartaUon3 by jwlsd�cUon to constidcte a unitartn security tnstrumem covering reaf properry. � : '. .- -
<br /> UNIFORM COVENANT3- Borrower and Lender covenatrt and aqree as to�ows: _,
<br /> - 1. P�j��@�:i G3�iiiT�l� Zltd (tt�le� Pf�p8y�s16iif 8ft� L�lO Ch8lg9s.Bonower shall promPUY Pay when � `— , , , - `
<br /> due the p�tnc[pat of and Interest on tAe debt evidenced by the Note and any prepayment and tate chargas due under the Note. � .� `' ti
<br /> .,`f� 2. Funs�s�or Taxes and tnsurance. 3ubject to applicable taw or to a v�ritten waiver by Lender. Bortower shaif pay � ;: ,u. , ' ` , .
<br /> to Lend�on the dsy morrthty payments ere due under tfie Note, until the Note is paid in full, a sum ('funds')tor. {a) yeaTly '. ,..�,,;.�,:+{,.-;��.�
<br /> -`i Vixes and assess.�nents +yhirh may attain pdodty over thts Security instrumant as � lien on tha PropenY. @) YQa�Y lea.sehold • • _,
<br /> payments or ground� on the PropertY.it any: (c1 YeazIY hazard or ptroperty irtsutarice premtums: (d?Y�l flood insurance "-`- ...e�,c�.6_
<br /> premEums.{t any:(e)YearlY mort989e(nsuranoe premiums.if any,and(f�any sums payable by Bortower to Lender in acon�€nce Q ,, . -
<br /> vrth the provisions of puracgaph 8, in tieu o1 the paymem o4 martgage tnsurance premlums. These ftems are called 'Escrow � -��,
<br /> �..2.._`".*..;--�. :...,;, _ .
<br /> items.' ler►der may. at any itme. co8ed and hold Funds in an emount not tn exeeed the m�mum arrtauM a tender for a . . �;... � —
<br /> federaDy tel�ted mortgage toan rttay requfre tor 6otrovler's escrow accowrt under the tederal Real Estate�ement Proeed++res �;'
<br /> • Ad oi t974 as am2nded trom ttme to tima 12 U.S.C.�2801 et seq. ('RESPA'). untess another law tfi�t��Les to the Fvnds ,�, ,��:
<br /> ..',�, :'
<br /> sets a tesser amaurrt. M so.LenQer may.at any Ume, collect and hold Funds in an amuurrt not to c��e lesser amount <, � ,: , _
<br /> LeTd�may estimate the amount of Funds due on the basis o1 curteM data and reasonat�te� cf�end�res o}fu0ire � `;- °-`•�"`--'"
<br /> - s:�:��, --.,�--.-:
<br /> Esarsw Items or o�ervtGse in accordance wRh eap�cabfe Iaw. .•.•s�`r'� 4 , . :.
<br /> ���n� ��
<br /> The Funds shall be hdd in an instRution whose depos(ts are insured�y a ted�al agencg.i:str��•'"�:=tY. or entiry (nduding Tzfi,�r�j,� �
<br /> Lendet. it Lende►is sslch an instituUon) or in eny Federal Home Loan Banlc. Lender shai{appty tfie F+-:� to pay the Esaow �,�`Yt�z}' , � �°'
<br /> _ Rems. Lender may not charge Bottov�er tor holding and aPR�9 tha Funds, ennuafly anaiyring!he����ount. or veritying ,`-"-;,��,`'�= F . :_ `.-�`
<br /> Me Esaavr items. unless Lender peys 8orrovrer krterest on the Fands �.�� ePplicable law permits L�r� to make such a .. , : ��p;;;;_�.�--
<br /> ,�,,-:_.
<br /> dz2.�e. Howaver. Lender may requtre Borrower to pay a on�Ume charge tor an independznt reaf es�.�a'�x reporCc:g:�:.'vlce "'��:-`'_�
<br /> use� by Lender in connecdon with this loan, unless apgrrx,ix'a taw provides ott►ECwise l'n:ess an asreement is T.es�►� or �;�,- .-z;,,�;-; .
<br /> Bortower� r":�or eamings on the Funds. �.. � ^*'�.:=;
<br /> � appOcabta law requUes interest to be paid L�td�shaU nct ts�requ'ued to pay � • . , . .- � �::..
<br /> � Borrower snd Lender may agree in writlng� hoY�. 'r FsS�':�st sha11 6e peid on the F+..-�zs. t��r sl�all ghre to Bomower. �r;__�����
<br /> without charge, en ennual accaunUng of tha Furr�:s showing credits end debits to the Funds and tFe�aayose tor whtch each -,.
<br /> debit W the Funds was rnade. The Funds ere pfi:c3ed as addfUonel securfty tor all sums secured by Yra 5r�curitY►nstrumenL ���;� - ��wh=--_
<br />,,�.� H the Funds hHd by Lender excead the amounts permitted to be heid by appIIcato(e taw. Lender ��aecourt to BoROwer ' ";. '�:: �; . ,
<br /> • tor the excess Funds in aceordatfsme with the►�eWirem�ts of ePP��cabte Iaw. if the amonnt of the Funds hetd by Lendet ei any �, %��Ya; . , ��-_ _;��„ �
<br /> fd8 � +>�;��pt' .` .
<br /> Ume is not suffider►t to pay the Escroev ttertrs vrhen due. Lender may so notity Borrower in vrriting.and.tn such case BoROwer . ��.. _ uy..•��J.
<br /> sha0 pay to Lender 1he amount necesssry to make up the defickency. Borrower shaU make up the defic[er.cy In no more than f� �,,�,, .��.�.,,,�. `'-
<br /> � tweNe monthly payments.at Lettders sote dlscreUon. c.��°:' .`� � .''.
<br /> Upon paym°nt tn fuU ot ail sums secured by this Sewrity Instrumen� lender shall promptly refund to B�rrower any Funds `'�i �^
<br /> ..:�;- 5E3 hy L�d.^-.. `�a:�.:. �teSr■-?h 2t, Lender sha�acquire or selt the Prc;.zciy. Lender.Pdor to the acquLsi�on or sele of the z'r�nr�'_,;� �. �
<br /> �_ pNcp�ry,sheU sPPN�Y f�esr.� h21d by Lender at the Ume a#ecqulsftlon or sale as a�x¢d"it agefnsi the sums sewred�Y iti� — , _—;�,_::,.._
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<br /> � S�w''.ty InsUumerrt. , /^,r��-�..��. ..--
<br /> 3. A�p11t�tQOn of Paytltedlt9. Unless appfica9te taw provides oth�wise, d5 7�yr-'ents received by L�r ueder ,�,,�,�'/+a;�.,._;;��..�� _...
<br /> � . � tQ , ent ch es due under the Nc?�szeond,to amounis pay�:la under af.f;, s` _��
<br /> pam�aphs 1 end 2 shaD be appled: ftrsi.to anY Pre�aYm �S '„",., �. ,;;.��� �y:
<br /> h.., � �
<br /> pars�aph 2;third,to interest due:fourth,to prindpal due;and last.to any late charges dus cnder the Nr�..'�_ . ..j�..�s..-,
<br /> �• 4. Chafg6� L1ene. Bomower sha0 pay all taxes. auuessmeMa. charg�a, fiaes and Imposi�ns a1Dlbutabh to the � " �.,,,
<br /> t,-%�r;
<br /> . Fs�erly whfch may attain pAo:ay over thia Securfty InsQument.and Ieasehotd payments or graund rerts.H any. Bomas.r shaD •rr.. •.�:�. :,,c,: �.' _
<br /> ' pay these obUgations in the manner provid¢d (n peraQraPb 2. or i1 not patd fi that rtu,xst�a. Borrawer shat� pay ths^c�tlme �.:�'. <,�---_ :: i �-
<br /> ent Borrower shaD prom�tty tumish to Lend�aU rtaGiees o!amounts to be paid ur�3er thls -"+°''"`�� r
<br /> . ., directty to the person owed paym fumish to L�der recetpte �idencing the
<br /> . paragraph. 8 Borrower makes these payrtterts directly� Borrower shaD promptly , • � ^ -
<br /> .�: • payments. • .. '���i��
<br /> B o rt o w e r s h a l i p r o m p t J y m s c h a r ge an y lien whlch has prtorfly over this�curity Instrument uMess BoROwer: (a)egrees In � ,;t;: ` .�i�-yi-
<br /> writing to the paymc�if of tite ouByFiSotti 6rG1i6d by th.^.!!�s !n 8!ri*._lUtx er,ceotabte to Lend� (b) contes t s In goo d t a i t h i h e � __
<br /> Qen by, ot detenda against eMorcement of the Uen tn, tegaf proceedings whieh (n the Lender's opinion operate to p�c•ent the �.
<br /> entorcement ef the Qen:or(c) secures fiom the hotder o1 the Qen an a�eement saUstaetory to lender subor�natH►g the Qen to �.� ____ _
<br /> .� . . this Secudty (nat�umenL If Lender de Bortower a notice d titytng t�he B�en.Bortower haP sattsfy the�er take one o r o e o! - -- -
<br /> .. Securfry Instrument,Lender rt�ay fliv . . --
<br /> tho acSions set torth above wi:filn 10 days of the gtving of naUce. • -_ � • .::.
<br /> 5. H�Afd or PropYrty InsuriitCY.Borrower aAa9 keeP 1he improvements now�cisttng or�2reafter erected on the _
<br /> . {�rpperly Insured egains!los9 by fl% hemrds Included with!n the term '�ftended coveraga' and srry ather hawds�tnciuding � �
<br /> � • Aoads or 1laodinQ�tar wtifch Lender requUes(nsurance. This insurance sha0 bo maintained in the amouMs end far the perlods
<br /> that Lender requires•
<br /> The insurance cartier Provldtn9 the insurar►ce she�be chosen by Bonower subj2c2 to Lender's epproval * � :-A
<br /> which sAaO not ba unreasonabiy withhetd. tt BorrmNer taHs to rtmW►taln wverage described above,lender may, at Le�ders • �'.� ,_'
<br /> optlon,obtain coveage to protect Lender's dgMs In the Property in accord�:e wfth paragrapb 7. � T �'m`-- ,;;=.;
<br /> w�. ..
<br /> All tnsutanco pottctes and �enewals ahaH 6e acceptabte to Lender �.s1 ahaA indude n stat►dud mortgage clause. Lender - ;..�, . .
<br /> • shaY hare the dgM to hold the poUdes and renewals• H Lender requUes. Borrower shaU promptty ghre to Lender e�2 cWeeipts o} __ _ _ _ -
<br /> _. .. .-- .'�'.,�:'� •.
<br /> '.,, pald premlums and renewel noUces. In the event of loss,Bonower shall glve prompt r.oUco to the Insurance carrter ar�c Lende►• ��� ,�` -
<br /> LenQer may make proof o1 toss fl not made promptty by Borrower. �""""'*"•"�"—`'
<br /> Unlesa Lender end Bortower ot7�erwss ugree in wrfting, insurance proceeds shal be appiied to rc.�'.nraUon or repaU of the ��T;�.� �
<br /> PropeRy damaged,H the restoraJon cr re^,�tr is economicalty feasible and Lender's seci:riry ia no]le�..:r�e9. I}the restoratlon or '����y„ :_ ,-.
<br /> � repair ts no! economtcaily feasibla or LflnOeYS securfly woutd be lessened,the Insuranr�proeeeds s^JD Y��appNed to the sums
<br /> securod by this Security Ir.s�:.rman� whether or not then due, wRh any excess patd to 8orrower. H 8onower e�andons the ��,Y_
<br /> � . �frc+peRy, or does not ans�n�auP�nin SO days a notice hom Lender th3t the Insuranco carrler has oiteted to settfe a cJaim,then _ _____
<br /> 2ondet may co0ect the ir���re proeeeQs. Lender may use the proceods to repa� aT restore the Property or t��ay sums
<br /> ' secured by U�s Secudty!�:-um�n�whether or not then d ue. The 30day pedod v+nll Ce r,i n when the nottce is ghren. . •
<br /> ��
<br />� . � Uniess C��er er.d 'c:rrower otherwlse agree in writing, any appllcaUon o! proeeeds to prRO�al ahall net e�dend ct ; ... '�:'
<br /> .:ti:;; .
<br /> , _ postpone ths�:a dz:v ct:.'a monthly peyments reterted to in peragraphs 1 and 2 or change the�..-.aunt of the �ay.^..er,'s. ff � '� �..•,�.,<.,-.
<br /> rmdsr paragtaph 21 the�St�r�yl is ecqutred by Lender. Bortower's dghl to eny in-u.ance Poficles end proceeds re:��fting from "^• �:,,=;,;r-_.
<br /> • d�mage to t};e Properry p�:R to the acquisiUon shell pass to Lender to the extEr.t a1 the sums by thta 3ecu�tr� �strument -,a.; �.�
<br /> lmmediatety pdcr to tf�e II�ya�Y'on. �"--��•� s`
<br /> ' 6. O�pancy, Presawatloa, MalMsnance and Protectlon a� �.^:e Prope� Borrower'a Loan ����; �
<br /> . Appllc�3zac; S.8a89h0��r9. 9enC:+cc rhali oeeupy, esteblish, end use the Proper,►as Borrow�s D��CA���dence wtthin 4 �.,
<br /> � sixty days a.•.�r the execi.�c-^• ct L"•�s =+�=�fty Instrument and shati conUnue to o�.s�/ the Property as Bortower's pdnclpal
<br /> �. � �asidence tor at Ieas! ore yur s`ter the date o1 oceupancy. untess Lender otherv�ise Wyees in writing,which canserrt shaH not . .
<br /> �e unreasonably withheiG.:c u:tess extenurrting chcumsffinces exist whlch are bayono dorrower's control. Bortower sha11 not ' �.: . .�
<br />• � des tr o y,d a m a g e o r im palr the Pro pe rt y.eilow the Property to detedorate,or commit waste on the Properry. Bortower shall be in ��+ ,.�
<br /> . default N any forte}ture actlon or proceeding, whether avii or criminal,fs begun that in Lender's good faith judgment couid resvR *',; . �•i
<br /> in fotieiture o1 the Properiy or otherwise matetially impair the lien aeated by this Security InsVument or Lender's security interest :_,,,,�,,,,�.._
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