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<br /> ` � TOGETMER W1TH aN th• improvwnonis vow or h�xafter eractad on iha property, and all easemenis. �ppurtenx»ces, an� —
<br /> • lNtures now ot heraftor�part o1 th�property.NI rapl�cwnonts aid additinns ehaU also be covered by lhls Se�urity I�slrumenl. _
<br /> �LI uf ll��f�i2�e:np�s rctcrtcd to in ihis Securiry In�huR+w�t�s th�"ProQxrtV�" °r
<br /> ESORROYVER COYEtVANl-S Ih+�t Borrow•�r is �zwiuL'y s�act ot iha ?stata hereby eonveyeei and h��the righ! lo c�aiit and �_
<br /> comey the PropMy ansi 11��t Ihe Propwty Is unencumbirad, except tor oncumbances oi rec:ord. bortowK wamnts and wJl _
<br /> defa+d generaUy the tiUz to the Property ags�ln�t aH cMims�nd donwnds,subJect to any sncumbrances ol racad ^
<br /> TH�S SECURITY 1NSTRUMENT comt+i�cs u�Hcxn+ cove�anis tor nalio�d use uid nori-uniform covx�ants with limited �
<br /> vwi�iUons by JurisdicUon to consGlute� unifonn secu�ity instrumenl covaring real property.
<br /> UNIFORM COVENANTS. Borrower�nd Lender cavenant and agrae as toUowt:
<br /> 1. Payment uf �rtncip�i �nd Int�r�ti4; P�ap�y�ai� �nd laio Charcee. Bortower ehaA prompily pay whon �
<br /> dua tho principal ot and {nterest o� the debt avidwicod by thQ Noto �nd any prepaymenl and I�te charfles duo u�der th� Note. � F-_
<br /> �. 1''YIIYi fw T:.�::•: :t�� !l:�L'!�!1Cl. Q+!!+;•'M 1�+ w�Db Iww OY lo il wiitan w3i�G by Leflder.BoROwM'shall W�y w� f_.
<br />- to Lander on tha ddy monihly p�ym�nls �tr�due undK th� Not�. ui�ti!tha Nota i� pald in fuY, a cwn �'Furfds") tor (U YeifN �
<br />� t;won and assassmen ls w h k h r.w y ottyr� �b r i.y o�c: thls Secur!t�[ In�Wm�nt �s a krn a► ihe PrapwtY: (b) Y�+N �sehold �_
<br />_ �.eyrc�nts or g�ound r�nta on tM Prop«ty. U�ny. (c) yNry hatud a PropwtY Insur�nca pr�rnlums: (d) ywr�Y Ibod h:ur��ca � �.
<br /> prwnWma, ii any: (a)y�uty nwrtyaya fncuranca pr�mlums.N srry:�nd (��ny sumt paY�bla hy BorrowK to Lmdat h�ccordan:.e � �:
<br /> with th�provtsbns ot paraq�apA 8,In Yw ol tha paym�nt ot mo►tqaqe insur�nc� pr«nauma. Th�s� iama u• caf�d 'EscroN� �_:
<br /> ���n�• ��nde� m�,y, at any time, Coll�ct and hold funds In an amoun! na1 to oxa+d tha maxknum anwuM a k+nda► lor � �
<br /> t�W rolat�d mortqsya loan may r�qt►k� ta Baraw�r's eacrow account undw th�I�dart�l R�1 Estalo S�ltk►manl �oc�dure� _
<br /> Act o1 1874�a ammd�d hom tYna to llnN, 12 U S.C.B 2601 M �p. ('RESPA'), untai anoth�r 4w th�l �pp{i�� to tM Fu�ds _._..
<br /> aNs a I�ta�r amount. tl�o, Londar may. al Iu�y tim�. coll�c��Ind hold F'undt in �n �mouni nol to �xcw�d th�Nasw Rmount _
<br /> Lmd�r may �stirtwt�th��rnounl a1 Funda dw on thQ basts ot curront dtls and reasonable estirtiat�s ot s+�pa�diluroa al tuUue �
<br /> Escrow Itsms w othwwls�In accordu�ce with�ppCcable law.
<br /> The Funds shaN be hdd in�n InstituGon whose deposits an insurcd by+�tad�ral�gency. insUumantality,�ontity(�+�+�9
<br /> Lendar, il Lander is such an insGtuUon) or in ony Fade+al Home�oan Bank• �ender shau opply the Funda to pay the Eacrow __
<br /> It�ms. Lend� rt�y not ctwr9e Borrowar tor holciiny�►nd applying the Funds, annwliy enalyzlnp the esaow�ccount. or vsrity:nq _
<br /> tha Escrow Iterns, untess Lender pays Bortower Intw�sl on the Funds and applicabte law permits Ler�d� to make such a
<br /> clwrge. However. lendar may rpulra 6orrower to pay� ono-tirtw cfwge iw an indePendant re�l esute tuc reportlap service
<br /> used by Lender In cw�nection with thls ban, unkss applicaWe I�w provides othenvlse. Unless �n �groa+nenl is made o�
<br /> eppGcabla taw requires lntw�st to ba pald. Lendar shall noi ba requked to pay Bortow� ony intKest ur eamhgs on the Funds.
<br /> g�,�.,,y .�� i wndw may aar�e in wriUnq, howwx, that irttonst shall be pald on the funds. Lender sh�ll give to Bortoww.
<br /> without r.huge, an annua��eeountin9 af the Funds, showing cndits and deblta to the tunas and the purpose ta wbicy e:�s
<br /> da�b�to tha Funds was made. The Funds aro pledged as additional securiry tor aU sums secu�ed by the Security In�trument.
<br /> N!he Funds hetd by Lender exceed t�e amounts pamitted to 6e hetd by applicabla law. Lender shall occount to Bortower
<br /> tor tha excoss Funds in accorcknce with the requkements of appticable law• If the amount of tha Funds h�ld by Lender at ���
<br /> Ume is not sufGclent to pay the Esuc+w Items when due, Lender may so notity Bortower in writing, and, in such caso Bortower
<br />- sh�ll pay to Under the amount necessary to make up the deficiancy. 8ortower shaY make up the deflciancy in no more thsa
<br /> twolve monthry payments,at Lender's sole discretion.
<br /> Upon payrrient in tu11 ot �II sums sacured by thls Security Instrument, Lender shall promPUY rtfund to Borrower any Funds
<br /> held by Lender. N,undx pangraph 21, Lender shall acquire w se�the Propaty. Landa►.prior to tho�cqulsition w salo ot the
<br />- Property, shaU appty any Funda hatd by Lwider at the Wne of ac��isiUon or sale as a c.��dii apalnst the sums socurod 6y tRa
<br />= Securi.y Instrument.
<br /> 3. Appllcatl�if of Paymant�. Unless �rical�te taw provldes otherwlse, au payments raceived by Le�der under
<br />- paragraphs 1 a-�d 2 shaY be applied: fKSt,to any prepayrne+�t charges due uncl�ar the Note; saco�d, to amou�+s payable under
<br />- parayraph 2: thkd,ta intxest dua; tourth, to princlpal due; and ias�to any lata charges dua undw the Note.
<br />° 4. Glta�g6�; L]o�ls. Borrowqc shaU psy aU tares. assessments. charges, ftna and ir�posiUo�a attributable to the
<br />- Proparty wt�ich may sttaYi prioriy ovK cn•�s sec�;�insuumen�.�ieasenotd payments w grou�d rents. H any. Bo�rowe►shaY
<br /> paY th�se obfiyallons in the m�n�� provided tn para�raph 2, a il not paki in that manncr. Bortower shaM pay them on ttme
<br /> oi�scoy iv u+e Nvavw� 'vwo i �:j.:..^."�. S�:SIIt:� �f!:.N rn,r�'nYfA/Arfl/ah 1A Lander all noflCYi OI Ur10Uld5 l0 b6 pild Ufld¢f ih15
<br /> � pva9�sh. 8 8ortower makes these paymmis WrecLy. Ba+ro�.� sha!! promptly tumish to Lender realpts �vldrnc3ng tha • -
<br />. payn�ts.
<br />= Ec.�m.wer shsdll promply dischuge any Ilen wt�lch has priaity uver this SecuritY Instrume�t unless Bwrower: (a)agrces in
<br /> - writing to the payment o}the obtigation sewred by the lie� in a manner acceptable to Lender: (b) contests in good taith the
<br /> lien by. w detands a�lnsi entorcanent oi tha lien in, legsl proceedin9s whkt! in the lende►'a opinlon operata to prevon4 thr
<br /> entorcement of the lien: or(c)sscures irom the hotder ot tho lien an agreenwit ratistactory to Lsnder subordinating the lien to
<br /> thls Security Instrument.I1 lendar detom�es tFwt any part o1 tha Property is suhject to a lion whlch m�y ottain prforiry over thk
<br /> Secl,rit�Instrument, Lender rruy glve Bor*ower a notice Identitying 2he lien. Bcrtow�shsJl sati.sty the li�n or Wia ona or m�e o1
<br /> = th�aceons set foRh above withln 10 days ot the glvin9 of notice.
<br /> 5. Hpz�rd or Prapatty Inssuanco. Borrower shall keep the irr►provements now e�dstin9 a isereatter eredad on tt+e
<br /> Property inwred ag,ainst loss by fire. hazards fncluded within the tem� 'extended coverage" and sny othx hamrds, including
<br /> tloods w Aooding.tor whfch lender requkea insuranee. This Insurance shall be ma4�ta4�ed in the arnamk and tor tha pariods
<br /> = that L�nder requkes. The insurance carrier prov;dng the i�isurance st�tf ba ct�osan by Borre:•:er sub;ec! i� Lenrier'a an�xoval -
<br /> which shall not be unreasonably withhaid. N Borrawer fails to malntaln coveraga described abov0.Londw miy. at Lender's
<br /> - �,�,,h.w+.obtain covaraae to proteet Lender's rights in the Properry irt accordance wRh puagraph 7.
<br /> - Al insuranee policles and renewals sha0 be acceptable to Cender and sha11 lnctude a standard mortyage clause. i.encer
<br /> � sha11 have the right to hold the poGcles and renewals. It Lender requlres, Bortower shall promptly gNe to Lender aU receiFts oi
<br /> � p�Id prertwims and renewa! noUces. In tl�e erent of loss, S«rower shall yiv�prompt notica to ths insurance cartiw and Lu►der•
<br /> - L�nd¢�may make prool ot bss'rf not made promptly by Borrower.
<br /> j ttniess Lender and Borrower otherwise�yree in wriUn9. inse:rar►ce proceeds shaY be appUed to restora�tio+� or �epair e!the
<br /> � proporty damaged,i( the restoration or rep�Y is economically f¢ucle and Lender's securiry is not lessened..If the restoraticn or
<br /> � reQar is not economicaYy fessible w Lender's security would Ce iessened. the insurance proceeds s1uY be a�Ged to ths s_ms
<br /> = secund by this Securiry I�sUument, whethw or not then due, with my excess p�td to Bortower. M 8ort+awer abandons the
<br /> - prope�ty, or does not answer withh 30 days a noUca from Lender that the insurance eartier has oNered to seqle a clalm, the�
<br /> � Lender may co6ect the insur+nce proceeds. Lender may uu the proceeda to repair a resiaa 1Fw Propwty or to pay sun►a
<br /> ' sacurcd by thls Securiry Instrument,whKher or not tnen due. The 30�day period wiY begin whsn the notke is given.
<br /> i UMess Lendar and Bartower otherwise ag�ee in wriUng, any appGcation oi proceeds to princtpal shall not extend or
<br /> -� pastpone ths duo dmte ot the montl�ly payments reterrad to in paragraphs 7 and 2 or change the �nount o1 the payments. If
<br /> � under P+rayraAh 2f tne Froperiy is qcyutred by L�ci�r. 8c�rm���s r�Qh!ta sny Insursnce pc�icles and �roceeds res+�lt�+n trom
<br /> � danvge to the Roperty pria to the acqutsitlon shall pass to Lenriu to the ext�nl 01 tha sums by this Security Instrument
<br /> � inxnadiately prior to the acquisition.
<br /> 6. Occupancy, Prosorvatlon, Mainlonance and Protoctlon of the Property; Borrowar's Loan
<br /> AppUcation; Loi�holds. Borrower shall occupy, establish, and usa the Property as Bortower's principal residence w4hin
<br />� slxry days after the execulion of thls Security InsVwnent and shall conWwe to occupy ths Property as Borrowers princfpal
<br />: rasidence iw al least one yav after the date of occupancy. un{ess Lender otherwise agrees ln writing. wfach consant shall not
<br /> be unreasonably withheld, or untess extenuaUng circumstances exist whlch are beyond aonowe�s ca,t�a. eoROwe� shaW nat
<br /> destroy, darn�ge or impair the Properly, albw the Property to deterionte, or commit waste on the PropeAy. Bortower shaU be in
<br /> detauk if any torfeiture action or proeeeding. whether clvil a uiminal,is begun that in Le�der's good taith Judgment could result
<br /> in for(eiture oi tha PropeAy or oihm�vise materiaNy impak the Gen created by thls Security Instrument w Lender's s�curiry interest.
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