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<br /> � • � • TGGETHER WiTH rll th� Improv�ts now �' hKwMK K��d 01► lOf P�ODMtY, �nd all ort�rrwnt�, appurt�nca, and ---
<br /> fwlwii n�w w hl�t�titu a perf t�thw p+�wiy. Aii iwrlaw-narts and�ddM►e++e M�W�1so ha cuvaed by th:3 Security� InstrWnant. -
<br /> /L7 of Iha tor�p�lnp Fs rMNr�d lo In Ihla S�curity lnatn+m�n��hof•th��1ryat� hwoby ca�YOy�c��d hsz the riyht to gr�nt �id -
<br /> pOAROWcR COYENANT9 that HortowK is Miv�k�y+ _
<br /> conv�y th� F'�rop�ny �n� tY�t th� Proosrty Is unMamb�nd, acc�Pt lo+ o^u+mbrWc�as ol rpcord. Barawtr w�+rr��lg ind w�l _-
<br /> d�t,md flan�rally Ih�ti8a to th�Prop�rly a9+dnat dl c4fma snd d�mand�. subJect to any Mwmb►luicea at ncord. --
<br /> 7HIS SECUiiRY INSTRUMENT co+»bh�a untfortn corr�nts ior tutbna� us� u�� nOn��m covanwnls with Gmit�d �
<br /> vuwR�b�CO�NAtITS�B�arorv«uand landa cnv�inant d��,�w�s rtollow��Y --
<br /> 1. Paymant of Princfpal �nd lotsrsst; Prapaym�n!�nd Lat�Cha��1°a• a°r�o"°` s�ua ucomFtN c�AY wn�r► --
<br /> du�th�princiPal of and Int�wt on ih�ckCt wid�ncad by lha NotQ and any prepayn�nt and l�te cha+'qAS du�r undw•Iha Nota __
<br /> 7. Fu�ais tor Twao a.�3 leess::anae. sub;�ct to opolicabl�law or to a wrilten wAiYw by Lsnder. Borrow.r snw v+r � . .
<br /> tc l«►dar .�, tn•d.y mont�►!y a�v�+�«�ts a�• du• wulK tna Noi•, unW tn•Not•ts c�d In tuu, o swn (=Fund3°i ro'': ti..seh�aa
<br /> tax�s wnd asssssments wh�h may ariu+i p�ioMY ovK Ihta S�w+ih+ NuUu+TMnt s9 a lien on the PropNly: (b) Y�Y
<br /> P+�Ym�nta a g�ound nnts on th� Prop�'tY. it�ny: (c) YMrt� ha:ard or prop«tY Insurtna pr�nluma: (d)Y�N �d 'ulwr�nca
<br /> prert�lunu. R Rny; (e)Year1Y �9�Se insur�icQ pranlums, ►!any: and���u�y sums pay�bl�by Barraww to Lenda�'in accordanco
<br /> wlth the pravi�lons ot paraqraph B, in I+au et the paym�nt of mortQ�y� inwr�nce P+�ms. These it�ns are caHed 'Escrow
<br /> Rems.' LQnd+r mry, �t any Ume. coflac: tord Bortovuw'�crow account nd�r the fedwsl Re�l Estate�nant Procod�w�s
<br /> tedanYy reu►ted matg�g� loan may o4uk
<br /> Acl ol 1974 as amend�d tra^tNw to tlme,12 U.S.C.�2601 N sp. ('RESPA"1. untcss anotha law thal ap{�lies to tA� Funds
<br /> ssts a bssr �mount. H so, 4�nder may��t any tinw, coNact snd hotd Funds In an anwuni not to axc�ed tM I�s av art�aw+�
<br /> L�ndK may 4sUmat�th� �mount of Funds dw on the b�sfs ot au�mt dW and r�aac�u�bas est�nat�s ol e�W�dit�u
<br /> Earrow Rsms or othwdse in accord�►c�with appik'.aW�M►w. Instrummt�litY.or entipr (�cludin9
<br /> The Funds shaY ba hNd In�n in�ti4+U°^Whosa d�pos.its ara insur�d by a I�deral eqt+�cY, the Funds to pay the Esaow
<br /> Londer, if Lsncier ta such an Inst�ation) a in �ny F�d�ra1 Hom�Loui B�Nc. Lendar shaN aPA he escrow account. or vwityhy
<br /> Itenu. lendar m�y not charye Borrow�► tor ho{diny and�pptyin9 the Fu�. annusKY a�►�►Y'.�4
<br /> the Escrew Ilorns. unless land�r WYS Bo+rower htrest on ths Funds a+d apPlicab�e
<br /> IaHr pemvrts L�nder to mak� such •
<br /> charge. Howwr. Laxi�r m+�y nquln Borrow� to pay• ona-tMr►� clwge ta wn indM�enclent red esLte tax npcxting servlc�
<br /> used by Lendan c �onn�ctbn vrkh thla ban. w►I�ss aPP�'� �w W�td�s olhw+ta�. UnNsa an aqraen►�nt b m�da a
<br /> app{icaW�I�w hqukes(ntanat to b�P� LandK shall not be nquk�d to paY 8o�rowar�ny{ntvrcst o�wmh4=on the Funds.
<br /> BonowK and Under rtwy ayree In writinp, howew►, tluil inlsnat shaN be pald at� the Funds. Le�der shall giva W Borrower,
<br /> witAcrut chupe. an annua! acco�u�U'^4 of the Funds. sAowfng credita and d�bits ta the funds and the PwP�e ta wt�ch wch
<br /> u�ip;�al sxurity tor�I!sums securad by the SecuritY Instrumont.
<br /> d�Wt to tM Funds wu made. Tha Fwuic an pNdyad taw, Lender sh�d account ta Bo+TOwer
<br /> tf the Funds hNd by La�dK oxceed the amow�is Pertt�tte�to Ea Aeld bY+PP4c�
<br /> tor the excess Funds in +�ccordance w+th the nqulrertsents ot�pplirsble
<br /> law. N tAe amowt ot th+Funds heW by L�r►der a1 snY
<br /> tim�is not sufficier►1 to pay tt� Esaow ft�ms whm du�. L�ndrr rcay so�w�r sFutl m�ke uP the�d�i°�cy �no morr�ihan« -
<br /> shall p�y to Lru1x the amwnt necessary to mvc� up the de.�fiue�cy
<br /> tweke monthlY WYr^�ts, ct Lend�rs sob disa�tlon• InsWment.Lende► shall Pron'PUY retund to Barowx any Funds
<br /> Upp� payrnent In tuM of�!! snrxti+�s s�aued by lhia Sacurity Lend«'. p�o�to the �cquisltlon o� s�N d tM
<br /> held by L�nder. If. undar Wrs'y7�'�21.Lrnde► sh�M acquke a sM the Rropaty�
<br /> prvpeity, shaq a{�a�+Y Funds h�id by lende�at tha tim�o! acquisition o► s�ls as�a�.�!a�►lnst tM�rns s�auad bY lhls .
<br /> S�curity k�stnur�e+�t. 4w provides o�wisa, alt l�sYmw+u rece�+�d by UndK untMr
<br /> 3. ApplicaRion af Paym�nts. Unkss appYcaDN dus undx the Nos�a:s�tor+d to ace�ow�ts WY�bi� undar
<br /> Pstar�apns 1 ,na 2 snw t»■vpYod: trst. to any pnwrn«�x char�
<br /> par�Paph 2:thlyd.to intenat dw:tauth.to principa�due:and 0►st,to any lat�char9es dua under the Noto. r��� to t!w
<br /> {, C�a; l3��s. Borrower shaM psy +W tazes. aueanw�b. char9es, fnaa u+d inposRio�+s
<br /> . .._.. _�.�,� �.w.w.r�S.a�ity Yutnr►wnL and MssN�dd paYm�^ts a r,►ou^d nnts.if any: ,Bort��_
<br /> -- -----rropany v.�wu�.��T.
<br /> WY th�ss o�Yy�tio�s in th�nwmer provttlad Cs pata4rapl►2, o� �f not prid ln tf1s4 Imnn�r:isartav'►R s's.'p"t� unciK tnis -
<br /> owed payrt�a�t. Bortower shaM promptl}fiuNsh to LandK aM noticQS ot�rnounts to ba pa{d
<br /> diroctty to th�p�rson turNsh to Lender ��cdpts wid�inq the
<br /> . P�9roDh. H Borrower tnak�s thess pall��� diractly. Bortowr shal pramPtlS►
<br /> PaY�"^�• ovx this S�au�tY I�attu�rwnt untesa Bwroww: (a1 aQrees n
<br /> Barow�r shall PromP1�Y discharg� u►Y Y�n which has P��h to Lenda; (�) coniats in good faith the
<br /> wridn9 to ths p�ymmt of the obliyation seauad by tt►�It�n in a m�nn�a�p�
<br /> 1 w►lacwnar►t of the fien fn. le�l Proc�d'^9s wh3ch in tA�Le�d�r's opinion operaU to prw�nt tha
<br /> rwn by. or d�httds �y�ins t satistactory to L�nt�x cubordin�tk►9 ths lir�10
<br /> a►iorc�rnnt of the liw►: or(c) securos from th� holdr ot th�I'w��n agrKr+wn
<br /> this SaxritY Instrunw►t B Lander d�um'�n�s ttwt�rry part of tM Proparry b subJ�d to s Nen whtch mry attak►priorilY owr thls
<br /> Sa�,yrxy Instrt�n�n�L��J�r rn�Y 9N� BaTCw�a notia idM+tifylny N�IMn. Bortar�nr�r atW sdisiy Ux ikn ot Wce oae or more ot
<br /> ft�e acbons sd tonh abov�within 10 days of th�9iv'�9 01 no�6°�- �����ts now exis�nQ o►hrn�ttK e��d' on th�
<br /> 5. Hazard or Prop�rtSl I�w��.Barowr sivaY ic«p ,
<br /> proQrty insund W�st bss by fn. huards inducf�d within the term'e�d�nd�d coverage' �nd any otMr h�zards, indu�
<br /> pooclt o►tbodiny.for wtikh L�ndr nquins insunncf. Thia 3nwnmc� shrl De minhined in th��max�tt and tor the Paioes
<br /> Th�Insuraac+ c�rtier Pro'�i�r'9 th�insurana shaA ba chosan by Barow�r suE�at to Lend�P��PW�
<br /> that L�nde►r�4uin�• withheid. H Borrowa fsiis ta m�int�k� couerage desc,��d�bova Leader mRy. at Ldulrt's
<br /> wPich shal not Ds unnasa►�tr!!
<br /> ey�on, abLain coveraqe to protsd L�nd�t's dghts in the Ro�.�y in accord�nee with par�grap�►7. dause. landw
<br /> A1 hswancQ Poiicl�s u�d ronewals shaY be acceptabie to L�nder�nd shaU Indude a sw►d�rd mortys9e
<br /> and renewals. M Landx rsquY'�1�,Baroww shaq P��PtiY 9��to L�enci�r a�nceipts ot
<br /> ;7:R��:�a ttsa B��:a!sr»d th� Ro6c�eo y notico ta tha ina+rr�r+ca canirs su�d Lendw.
<br /> Pdd Pren'�++ns�^uc!renewal noticas. In tne event of bss.Bortowx shalt�'.�prompt
<br /> ' Lr�dK nyy m�ice proof ot bsa d not made promPtlY bY Bortower.
<br /> L'nias i.endK�nd Bortawr oth�rwlsa ayna in+�n4. insutanc�F�+�ds shsd be appiied to ratoraUon or npai�of tho
<br /> �Y�9�•d the ncicmalioo or ro{sak is�con�/�'� wt twtid�r's secur�ty is not lacsana�If th� �aton8on rx
<br /> npair is not eooe!on3c+Mf+INS7C�a or Lend�r's s�curity woccid'b�e bss�rnck.tM hswnrsa�rocwds sIMU D�appliad ttt the sumo
<br /> s��nd py tMs Sacuriry InalnxnenR whMl�' ec�wt th�n ciue. with acr/ Qxcess paid rta 8orrower. H Barowar obmdons tho
<br /> propwty, or dc� not answar wRhin 30 dw{s�m notke kom Lendr that N►Q trqurnnce car►iK has otl�rod W s�tle �c(�"s�+,then .
<br /> LendK may cc�ec!the ins�ustiu Proceeds. trnder may uss th� proccaG to repair or rastae the PropaRy or to pay sums .
<br /> �by q�;,s Se�rily InsLv�n�:L whethx or not then due The 30-day Faiod wil�bey�in when thQ notice is given.
<br /> w�iess i,G.Gs: ::t� 8o:rr.:er Qthe!wi*e a�,gae (n w�iiing. anY a�p�catlon of Prar.�v's to prirtdpal shall no! exfer�d or
<br /> posipone tPae dw dnt� ot tht monthlY Pay�n�nu �M�d�° '" D�S 1 and 2 or chanfle the omourrt of tne pcyrnenis. Y,
<br /> undr para¢a�►21 the Rop�ty 1s ac�kb by Londa. Bortowa's �hi to ar�Y insunrsca poYcies and Procs�ds �etu�n9�:;' :,`.
<br /> a.rn.y. to tn. Propa�ey wior to u�s acquisition sN+ti wsa w lender co, tn. �eont ot the wau bv 3t�fs s�curihi tnsvum.nt ,- .
<br /> in�enedi�tdy P�to ttN acqulsiNon•
<br /> pancy Pr�s�rvatlon. �inbnane� and prot�cNon� af ti�e Proporty; �K'G��
<br /> Applica�onu :.�:s�iha'` °.�.:....--s`'=.."o�:;.,•"='--,•,�~-�'-'"'••±�•�'!"'!'ertv u earawer'a rxinapd ��
<br /> . siuty days attK tha �x�cution of thls Sscwily Instrument and sh� contirwe to occupy tM PropKtY as Borrower's
<br /> nald�nce for�t Nast on�yMr att�►the dat� ot oca+pancy. unl�s Lender otM1atwlse aqre�s in w�iting, whbh consmt stw�not
<br /> ba�uu�asuna6ly withhdd.a w�Mss sxtenuatin9 ciraunstances e�as! wNch�re beyond Borrower's contrd. Borroww shtJt not •.
<br /> d�stroy, d�+rw9e a imPal►tls�Pr°P°��Y� �th� Prop�rty to d�Uriorat�, or commH wa.ste on the Propaly. Barower ahal be in
<br /> defu+ft d an for!«tw��ction or procwdir►9• Wfi�t�civil or ci�minal.is b�pun 1t�st ln Lender's good f�ith judgrnent co++kl nsuq
<br /> y. � .,,ti.�n�mnr the lian awted by 1hls Security MsUumertit or Lender's socurity intaresi.
<br /> :�wi�::ii::a a,L�6°r"..�.:.'!;a. �.�...__ exiakY Ir+�Piir
<br /> F1316.1MG l3/561 Paye 2 M S
<br /> %178
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