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<br /> � . , • TOt�ETNER VYITH �II tM imprc+vwn�nta now ar h«yaha onct�al a� th� ProprtY• �nd �il s�a�nw�tr. �pPurtwuncss, whd
<br /> �� Rpyt M A�K��1 p1 (jN Q(pp�(S}f. AN f�Q�CM11Mlls�Jld IC�tI111011< <P1iM Ni0 b1 C9Vr�d by ihl� S�aki1Y Instrunwnt.
<br /> Aft of►h�tor�qoin�M niwr�l to ir+thf�+S�owky (nttrw►�nt sc tha•�roo+ny.' -
<br /> dLWROW'�a C01lENAµTS ttwl El�rr�K Is law'�t so'zid of tfi� w1+�N h�t�by tot►voyad and ha• ih� ripAt ta Qranl ard �
<br /> cunvey th� PropKty �nd tl►�1 �� F'�rop�rty+ Ia unancun��d. �xcw�l 1� otuumDtancss o! nco�d. B�rtower wWrail� �nd wi�
<br /> �Mbnd y�r►wal�y th�tMN to th�Propwry a�l�st all d�fm��nd dwnantl�. �++bl�cl to sny�^cumb+�^c�c ot ncwd.
<br /> TH1S SECURIIV INSTRUMENT comDhiw wdlam cov�na+�u W+ nnLonal usa and non•unNo�m coven�nts with lirtdt�d�
<br /> vul�lions hy j�xisdictian to conttitut��w►+fcwm s�curiry in�trumont cov�iny nal prop�rty- �
<br /> Ut41FORM COVEtdANTS. BMrowN �nd L�nd�r cor•anant and a�t�a�i toNOws:
<br /> 1. Paym�nt af Pi•bncips� an.i lnt�r�st� P�opsyqlt�l!u1d Lsts Char��s. BorcowYr sluY prompW p�Y wh�n =
<br /> dw th�Prfnci�r!ot�nd int�nst on ih�doW ovkl�nc�d hy tM Not�and�.�Y Dr�ymant and tsi�charfl�s du�unWr th�Not�
<br /> 2. Funda tar Tax�s �nd Insuranc�. sub�.ci to ap�ttcaw�ww a ca�wMtt�n walv«'by L�ndK. ear�w�r anar�y�
<br /> to Lw+dk on tha d�y monthly paym�nts an dua w►dx tho No:a. wisii th� Na��I9 psid in tuC. a ium ('Funds') tw� (al ysesty,Q .
<br /> tax�s �nd tu�sunmta whkh may �tWn priority ovar this S�curity InsWnwnt as � Wn on th� PropMy, (b)Ye+�+tY I�ssahoki
<br /> Pr+YR►�nts or flround nnb on Ih� Rrop�ry, if�ny: (a) Y�utY haz+rd or propertY inturanca pr�tNums: (d1 Y�Y Aaacf lnsurance
<br /> prwniutru,b�nY: (�)Y�+�Y�4�9�fnsur�nc.�pr«rifu+ns.H�ny:utid(Q anY sum+ WY�bi�by Borrowar ta Lenda in accordanu
<br /> wfth tM provitlons o1 paraQra�h 8, {n W�u ot tho paymmt of mortp�y� Inuuanc.+ Prwn�ums Thos� it�ms are caWd 'Escrow�
<br /> Itrru.' L1nd�r may. �t any t'vr►+, coN�c!and hdd Funds fn an amounl nat to axc�ed ltw m�ximum amaunl a I�nd�r lor a
<br /> 1�draly raitted mortsa� loan muY nquin far Bortow�r's osuow ar,couat und�r th� 1Wer� fieal Estato SetUwn�nt Roc�du��s
<br /> Act ut 1874 ae am�ndad trom tYne to tinw.12 U.S.C.�2b01 et soq. ('RESPA"). untoss anotMr 4w tAat ap�ll�a to tha Funds
<br /> arta a loss�r �rtwuni. N so. Landr may.at any tim�. coY�ct and hotd Funda in an �naunt not to �xcwd tM {acsw amouni.
<br /> Lendw may osUm+d�th�a�nauit ot Funds dw on 1M basis o1 au»nt d�a and rsworwbl� atYn�t�s ot nxp�ditura of Aa4ua
<br /> Esc�ow Itans or oth�twfso in occotci�nco wqh aPPY�'abte taw.
<br /> The Funds shaM bs hetd in an fnstitutia�whos�daQosits ar�kuur�d by�Ndwt1 ay�ncy.instrum�nWiry. a�ntity('ndudinfl
<br /> land�r,tf Lw�3ar is wch a� instituUon) or In any FkNr�l Hom� Loan 8ank L�ndK shaM apply ths Funds tu pay tha Escrow
<br /> ft�u. lw►dK m�y not chary�BorrowK for hoidinq and�plyi�9 th�Fu�ds,anr►uaNY vxJYtir►�th��saow account. a v�riyinp
<br /> tM Esaow ftems, unNaa UndK pays BoROw�r fntarwt on ths Funda �nd applic+bl� I�w p�mits L�nd�r to mak� wch •
<br /> charq�. Howev�r. Under may nquin Borro�war to pay o one-W�u charys ior �n k+dep«►dmt rwl �stat� tax nportYtip sarviu
<br /> us�d by L�ndr fn conn�ctk►n wkh thts loan, unloss appYcabla {�w proWd�a ctA�wic�. UnNss �n aQre�nwnt b mad� a
<br /> ap�8cabf�yw nqulroa ht�nst to be p�}d, Lmdrr sltiail not be nqulred to pay eo�oww.ny�,s.r.st «..mx�s on the Funds.
<br /> Bortowr and Lender rtay �� k► writinp, how�ver, that intKast shW be pafd on tht Funds. L�nder shaL piv�to Borrowar.
<br /> without charg�. an uu�u+! �cca+�tln9 oT th�Funds, showin4 c,��dits ond d�bits to the Funds and the purpas�fa wh�c� oach
<br /> d�bii to t�te Funds was made. The Funds w pisd9ed as addit)or+al socxuity for aW sums seaued by tAs S�curity Insuumant.
<br /> If tlw Funds Mid 6y Landsr wcaad tM amo+ints p�mvtt�d to De haid by appYubl�law. L�nder shall account to Bortowar
<br /> ���� F�� y����y�y W����qukw�w,u o} appyca�l�law. I1 the unoant ot th�Funds hNd by L�r►dK�t any
<br /> tim�fs not sutfk.imt to pay ths Esaow ftams wMn dw. Londer may so noti(y BortowK in writinp. and. in wch casa Barto�va
<br /> sha11 p�y to L�ndu th�artwunt n�cassary to n�iu up th�d�b'id�ncy. Borr�w�► shaY rt�ks uD Ne de6cl�ncy h no mort than
<br /> Uw�k�monthtY WY�►���at l�nd�t's soG�dlscreNon.
<br /> Upon WYnwnt in tuY of aY sums 6�xod by thls S�uity k►sUumwlt, Lenda ShaN Pra+►+PUY rdwid to Bortovvr any Funds
<br /> h�id Dy tsnda. H,undw panpraph 21. Lender shall acquir� or say tf+a PropenY. L�^dr.P+ior to tM acquisNbn a s�M o1 the
<br /> Proparty. sh�Il appy any Fundt h�{d by L�nder at tM tin�of acq«s�on a sak as a cr�dit aqtiasi th�swrw s�au�d Dy thia
<br /> Seuuity lnstrumenL
<br /> 3. Appticatbn of Paymollts. Ur�ss �p,at�'aL3e 1aw pravidas oth�wicR ail paym�rts ncwvad by UndK un�
<br /> p�rsyraphs 1 and 2 shaY b� �ppu�d: Trst.to �nY P�M�Y�1 �1T�due wKl�tAa Nato; second.�o �,�o„ncs p.y.a.u�aer
<br /> parapr�ph 2:thkd,to int�n�st dur,tourth,to principal due;and taat.to any wt��harDes due u�du U+�Nots.
<br /> 4. Ch�r�t; UNts. Bortower sh�Y pay �II taxes. ass�asmet�u. chu�, tines and impositionc atlribuhEi� to tne
<br /> Prop�Ry which nuy atSai� prioriry ov�r thb S�cu�yr InsVUmen� and{�asahoid piynMnts ot pround ror►ta.id any. Bortow�r shal
<br />- WY��� In the m�nner pr�vid�d � pIIayrapn�. w w n�ri jiiu i'� 'v'�� ii�:i".A:� °..r..""'..::� �`.Y� Fri !�'-�"��- ^-•^•fiw� .
<br /> dir«�r ta the perton owad payrna►t Barow�r sFyM promptry tumisA to l�ndK a11 notices of�ts w Oe p�d un�r ti�
<br /> parsgr+ph. H Barowr makss thess payments directly. Borrow�r shall P��PyY fiunish W Len:i� roceiptc avldncinp the
<br /> P�Y��.
<br /> Borrow�► shall promptty dischar�any Wn wh�h has P+iordY o��er tN:S�cwityr InstturtMnt wl�ss Barow�r: (a)+9rMS fn
<br /> wrkhy W the WY�t ot the ob�aUo� s�cund by the Wm in � nw►ner+cGPtabia to LendK; (b) co�l�sta In qood fakh tA�
<br /> li�n by, or cM(� +�hst �ntoroan�nt of th� Wui tn. Ny�l ProeNdk►Ss whlch in th� L�nd�r's opinlon op�at� to pnwnt th�
<br /> .nwran,.nt ot tn.wn:or (�)ssax�s i�nm tJ,. noidar w u,.wn.n spr.wr+«�e satisraccay to �.nd«sub«dnainy th.wn to
<br /> tt�s S�u�ily �nstr�m�r�R.q Lend�r dourtr9noa tl�at�ny�wt of the Property is sub}sct to�INn wlifch may atfaln prlority ovK thb
<br /> seciudy+nurum.nt, l..na.r m.y yb,• eortowa.notic.+a.ntuyk►p tne wn. 6orrower sh.r ta�sty t!f•wn or Lk.on.a mon ot
<br /> ths actYans sat toAh aDov�wiUw�10 daya of ths pivkip ot noiic�.
<br /> $. l�ard or P�op�:ty Insi►ranC�. Borrowar=twri kMp the improv�m�nts now axtsstr�y or h�redte►uod�d on tha
<br /> propMly insund apahst bss by fw, har�rds fndu0ad within tM t�rm •wdmd�d tovKag�• �nd any other hazu�fs, indudinp
<br /> Aoods a foodiny,tor whkh L�nda rpuk�s lnwrance. Thls insuroncs shaY be m�intaln�d in th�amounts �nd fa th� period�
<br /> that L�nd�r nqutres. 7he hwranc�carri�r provklin4 th�inwance shaN b� chosw�by BortowK subJx! to L�c�r'c ap�oval
<br /> ' whlch thal not b� unr�asonably wit!►t+dd. N Bort��wa 1�ils to Rwintaln covKag� d�sc�ib�d a6ov�, Und�r a�sy, at L�nder'a
<br /> optlon.o6Lin covraqe to prot�ct lwxts's riyhts in the P►op�ry in�ccord�nu wdh para9nph 7.
<br /> aA tn�:uance poYcbs snd �enewas shaY ba acc�ptable to lcndar and slw� hcJude � starxfud rtwrtq�ge clause. Lencbar
<br /> . shal Mv�th��iyht Lo haid th� poYci�s��d nnMwats. H Landar requins. Bortowa shall Pr�PaY 9�o to lender�'�ac�pts of
<br /> P�P��►�and rax+�a�noticas. tn the arent of ioss, Barower shaY yive pro�pi noilce to th�inswu�a cartier and Lert�a.
<br /> L�►dw rtry m�ke procE oi bsa if not mads Pro+nPtiY by Barowa.
<br /> Unl�os L�ndr and BorrowK othervviee apr«h writY�p. insurance procwds shaN be appY�d to ratoratbn or rep�ir ot ttw
<br /> prop�tY d�rt�ay�d,ii the restontbn a repair i� �conon�caly t�asb�and lendr's secu►ily ts not{easensd. ff th�rostoraUon u �
<br /> �epair Is not�conomTcaiy f�a�or lendsr's a�cuMy would b�t�ssened,the inwrance pmceeds shaY b�aP{=ii�d to ths sums
<br /> seau�d by this S�axiry ktsftument, wMtlwr w not thon due, with any �s pald to Borrowr. R Borrower�bmdons th1
<br /> Prop�tty, or does not answer within 90 d�ys o noUc�kan Undw that th� insuranas urrix has otfited to a�ttfe a clalrr�.ttwn
<br /> Lender m�y cowct the insurnu proceeds. Lenda may uso th�proceeds to npatr or restoro th� f'ropaAy or to pay wuas
<br /> aaau�d by Shis S�au�y hsUurt�en�whether or not th�n due. The 30-day Paiod w�beyY►whan the not3ce is giv�n.
<br /> Unia+a Lander and Borrower o'�?se�wise atr�ee in writin�. ^.�y appl�catbn o! procoods to prindpa! shaU no! aQend a
<br /> postpone tha dw dvt�oi tFw month.y paymwits ratertod to in par��raphs 1 and 2 or chanqe tha �mounf of Qne p�yroenis. U
<br /> unm.►paw�a�pn 21 tn. Propwry k aoqur.a by L�naer, s«rower�a rlynt to .ny 6,suance poiicks and proa«is rsu�dng kon►
<br /> donMqe to the Propety prior to the acquiaition ahaY pass to L.�nd�r to ths eoQent of th� swns by thls seau�yr �nsUwn.rr
<br /> inwwdlat�ly P�ior to th�ac.quiiklon.
<br /> 6. Occupancy� P�rvstion. �Aalntonanc� and Protoctlon of tiw Proporty; Borrow�r's Loan
<br /> pppUC�tlpn; L�hOidi. Batoww shaN oca�py, �stabksh, and use th�Prop�ry as Borrow�'s principal r�stdonce wdhii
<br /> aixry d�ya aA�r tha mucutlon of tt�k S�auiry k�strum�nt and sh�ll continue to occupy tF►� Rroperty as Hor►owaPs Prind�l
<br /> radd�nco tor at Mast on�yw oftr ttN d�t� of occupar►cy. unbss Londer oth�wds�aprees In writiny.whicli consont aha11 not
<br /> :.-atw�asonably withh�id, or unbss e�R�nwtiny druur�stancss�Jst whlch an bayond Borrower's conVoa. Borrowx shaN not
<br /> d�stroy, dunag�ur impalr the Prop«ty. allo�v the Prop�tty to detedorate, a carwr�l wast�on the Property. Borrower shall be In
<br />_ ddauN d�ny torl�iGu��ct3on or procwdin9, whether cN➢or criminal. is b�gun that in L�nder's good faith judymont could rewq
<br />= n torlMGu�of tt►�Prop�rty or oth�wlsa matari�tty Ynpalr the liw�craaied by this Saciuity InsUumw►i or Lenda's security hwest.
<br /> � asq.2 a s ,���'��..1��--/�L/`-
<br /> t F13t6.L1R6(3/96)
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<br /> 96057
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