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<br /> . 11i..f��r •� j,'1. , �Y�1-4 _ ti .,�r-ir �1,,;� Yrt �}`�..5 ty;f txl�., fJl-;.i�l- ., �':� � - l;' '.s� t UY.' . �..a�c,. �.1 — . ...�
<br /> 'i �atfY4�t 3 (4� �yi4 ur �� 5� �,��t,y�•� {'� 1-----
<br /> I�G+•'', }� _ ��,�' ,!(l�f �S, ree��)�' �MW�•�al4lol�d��iq➢,�'a!1•. .,., �
<br /> .'r �s•„•� t«�J._ , .�*.. ,,Y.wr+f;.�r�-,nr� .'r�� rir }P � __, . .
<br /> ��� . .:v4'r.-�'.. Iy��'�: �
<br /> . . . . ��.� ,� �� . _
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<br /> • " , .o . _...____--- - .. �--.
<br /> � - � - -- - 92_ sos�s �y.:,..
<br /> �,,�w,.'""�' � ' • TOOETFIER VYITIi Y ih�NnprovNn�nU now or herMRsr eraoted on the property.�nd�N e�sanants,aPPurlawnca.�nd --:__ _
<br /> � «„" .'� , .:(. " A�tun� now a h�ndlw�pu!ol Ih�prop�rty.AN roptacanente wnd�ddfUons shall�Ito b� eor��d by this S�arfty Inatrummt.
<br /> ,�.,,� I1M ol lh�lorpok�p b nUrt�d to In thu S�aurity InaUum�nt�s the •Property.•
<br /> BORROYY�R OONENANTB th�t Borroww b Nwh�lly �eised of the eaUls hereby convey�d �nd Iw� th��Ipht to prant�nd
<br /> , , , .. " oonvoy Ih� Prop�rly �nd Ih�f lh� Prop�ty Is unmoumb�nd, exaept ta enwmbrancas o1 ncord. Baroww w�nu md __--
<br /> ' ° wlll dM�nd pn�nly th�tNw to th�Prapwty�p�ln�t d cldms md derasnd�,subJect to�ny enam6ranaN of ncrord. r;,•;�;;a�
<br /> " THiB BECURITI► IN87AUMENT aomWnM un Norm wvm�nta lor n�dond use �nd non�unlfotm eov�mnt� wilhh
<br /> . . Nn�d vul�llon� by�ud�dlollon to aon�ptuU� unMom�aecurtly Y�atrument eover�np raN PrapKty
<br /> ,§,.,�,. - UNIFOFiM COVENANTS. Bortoww�nd Lenda ooven�nt and egroe es tollows: _
<br /> . .� . 1. P�ym�M of P�Inalpd and IM���st; Pr�p�ymont and Lab Ch�rq�s.BortowK�FwW prompty paY wh�n
<br /> . due th�prindp�l M �nd Int�m1 on Ih� d�bt �vldmcad by tM Noi�and anY PnpwYm�nt md �U chuyet du�und�r th� t___�.^
<br /> NoU.
<br /> ; ,�, Z. Rund� ior T�x�� �r+d In�u��nc�.SubJsct to �ppMoaWe lew or to e wdltan waMa by Le�Mer. Borrow.r.hw p.y
<br /> to Undr on Ih�d�y monthy p�ym�nU�n du�und�r th�Note, unM the Note le pidd In 1u1, s�um('Fund�')for. (�)y�uly o,. ,.__
<br /> t� . . , ;. hxw and anMSm�nt� wAbh nyy tlhln pdodry ovw thls 9ecudly Inatioment aa a Ilen on ths Propary:(b)Yeuly IwsNwld --
<br /> ' � . p�ymw�U or pround nnts on ih� PropaAy,H my; (o)ywrly h�zard or praperty inaurance promlums; (d�yeedy Aood Insunu�co �--,�.�-
<br /> p���, N Ny: (�) y�rly mdtp�p�In�u�a�prMniums,fl any;and(Q eny aums puyeble by Bortower to LsndK in�eoordanc� K �
<br /> wah th�provlUon�of parapraph 8, In Y�u d tM p�ym�nt of moApage Inaurance premlum�. Thaa� aems an eW�d 'Esaow �-_T�°"`
<br /> Ibms." L�ndK nwiy. �t�ny tlm�. coll�ot�nd hotd funda In an amouot not to excoed ihe rtwdnwm amount�londw for w __ --
<br /> � ° bdwNy rN�1M morip�p�loan may rpuln la 8ortowsr'a escrow aaount unde►th�federal Re�l Esuts SettknMnt Roa�duns =--
<br /> " Aat of 1674 u�mmdd h'om Wn�to tlm�,12 U.8.C.�2801 el seq.('RESPA'), unless wnother 4w th�t �ppAei to th� Funde
<br /> ' uts� las�r umount. 11 �o, LmdK m�y.�t uiy 1Nne� coAeot�nd hoW Funda In an emount not to exceed the IsssK �mount. _._
<br /> - l�nd�►m�y atlnNt� ih� �mount of Funds due on th�b�ala of eumnt dau and►s��on�ble alfm�bs of�pendMuna of hriun
<br /> , Esaow Ilam a oth�nvb�In�aco►d�nce wNh �ppllc�bls 4w. �_ -.
<br /> � Th�Fund� �h�N 6�hNd In m In��tutlon whoss depoaRs ua Maured by a fadeal�9ency,InstrumenWily,or enNty(inaludinp N,_ __
<br /> Undr.N L�n4r►b suoh�n IntllluUan)or In�ny F�d�ral Hom�Loan Bank Lender eh�M eppy the Funds to p�y ih� Esarow
<br /> It�. L�nd�m�y not oh�►p�8or►oww for holdlnp md apPtyinp tho Funde,annwNy analyiiny Ihe escraw account, or vwityinp �:i��=_-—
<br /> • th� Esaow p�u, untns Lend�r p�ys Borrcw�► In1xa1 on the Funda �nd �ppUable lew pe�mits L�nder to make wch � � ;. . �
<br /> . ohup�. How�vK. L�ndor nwy nquln Barowu to p�y �onatlme elu�r�e ta�n IndependaM rMl ast�ts Ux ropordnp nrv�a ° � .-"
<br /> ' us�d by LenMr In eonn�otlon witl� this lan. unlses appAaable law provldes othenvlae. Unleas an �yreement le m�de or ,
<br /> �ppioabl�taw nquku Int�rat to b�pdd,L�ndK shW not be roqulnd to p�y Bortower a�y N►t�est a esminyn on the Funds. -e�___
<br /> Borroww Rnd Land�r nwy �prN in writln0, how�w►, th�t Intarost sAdl be pald on ths Funds. Under ah�A gNs to Borrower. ��:�� _ __
<br /> " wNhout ah�rq�, an�nnwl�caountin0 of th�Funds, showinp erodita md debfls to ihe Funda and the purpoae (or whlch e�ah -�,�4 ..••is
<br /> d�bU to ths Fund�w��rn�d�. Th�Fund�a�pl�dped aa add�onil eecurqy 1or aN aume secured by Ihe 3eourlty Instn�ment. __
<br /> II th�Funds hMd by L�nd�r�xcNd th�unounte prrmitt�d to b�held by applicable law, Lender ahall acoount to Barowar - �'•' '
<br /> lor Ih�ucea�Funds in�caord�nc�wlth th�requkMnant�oT�ppticade law. I1 1he amount of Ihe Funda held by Lende►at�ny ��
<br /> Um�Is not suMlGmt to p�y Ihe Eso►ow Itwn� wh�n du�,L�ndw rn�y�o noUy Bartower In wridng, and, In aueh caee BoROwer �
<br /> shd p�y to L�ndM th��mount n�cawry to m�k�up th�dMclaroy. Bartowa nh�A m�ke up tlw doWciency M no ma�th�n
<br /> iwNv�monthN WYm�nU.�t L�nd�r'��ol�di�cMbn. •
<br /> - -_ �P� P�Ym�ni in tu6 oi ■� eum� ��cur�d by thfa 3scwity lnstnsmmt. Ltnder ahe!! prQmptly relund to Bnrtow�r ■ny �'•�--=.�1_
<br /> ° Funds hdd by L�nd�►. If, undK p�npnph 21, LandK�hall uquke or ael tha Prope►ty,Lender,prlor to the sequisttion or sde �_
<br /> • of ths Prop�rly, shNl apply�ny Fund�held by L�ndv at th� Um� ol acquisltion a wle as�cndit apelnat lh� sums s�cund �,t;��.,,..
<br /> • by thla S�curNy Inskum�nt. '" `� .•
<br /> . �. 3.Applladlon of P�ym�11t�. Unleu�pplla�bN I�w provldes otheiwiae, all p�ymente reoeNed by Lander under y�::'... . � .
<br /> purpnphs 1 and 2 sh�U b��ppN�d: Ikst,to �ny pr�paym�nt ah�ryn dw under the Note; eeoond,to amount�pay�W�unde •;.�''�..'��'�'''•
<br /> , � puapnph 2;thlyd,to Intereat dur, /ourth,to pdnclpd duo:�nd yet,to any I�te charyea due undar the Note. �
<br /> , . � 4. Ch�l'qN; U�e�. BortowK�hd p�y�II taxu, �n�semente, eharpes, tlnee and Impoaftlona atbibuWte to the '�.�-,t
<br /> propMiy which m�y att�in prlorqy ovar thh 3�curily Inadum�nt, �nd le�aehold paymanta or ground renta, H any. Bortow� .. :�
<br /> ehdl p�y thne oblig�tbns In ths menner provld�d In p�npraph 2, a B �W paid In that menne►, Bortower ahaY p�y th«n on _
<br /> ^ � dme dkeoty to the peraon owed p�yment. Bortowe►�h�ll prompty lumish to Lender all noUees oi amounis to be p41d under ._
<br /> �,, •� thla panyraph. It Bortowa m�ka thn� psymmts dkeady. Borroww s1uiY prompUy lumlah lo Lvndar ncalpts nrldanGnq � _•_ •
<br /> th�paymante. ! w R�
<br /> Borrow�ahNl promptly disaharys�ny Ilon whkh hn pdorNy aver thla Seeurity Instnmtent unteae Bortower. (a) �preea � ;
<br /> b wdtinq to the p�yment of the eblly�ibn s�cured by the Ilen In • mmn�r�ccepteble to Lende►; (b) conttete In yood f�ilh the � :"".�;_
<br /> tlen by,or ddends epainat enlorcament of the Men In, 1�1 procaedlnpa whlah in lhe Lender'e opkYon opente lo prevent � . {i�,��,F_
<br /> tha enbreenbnt of th� Aen; or(e) s�cura hom the hotdsr ot th� Ilen an �greement satl�actory to lander eubordh�tlnp the t. .._
<br /> len to thle 3ecudly IneWment. If Lender dNertnlnee Ihot�ny p�rt of the Propeity la subJecl to a Ilen whieh mey atG�in pdority ' T' '%-���`'
<br /> Ive Bortow�r s noti�e iden n tho Uan. Bortower sh+�ll eatls tha Wn or t�ka � ' '�-��`
<br /> ovar thla 3eaurity Inehumont, lendK m�y p � 0 tY :. ..;•:.-
<br /> on�or moro of ih�acdona aet IoAh ebove within 10 daye of the pivNp oi notice, •• -�-
<br /> �. ' � b. HAZ�rd or Proporty In�ur�nea. Bortower ahd keap th�Improvements now exlaling or herewfter erectad on the r, � �"�
<br /> Properly Inaured�pelnet bae by flre.huirde Mctuded withln Ihe term '�xtended coverape' and any other hazarda, Including � . _-_,:�-
<br /> .. Ilooda a ilooding,for whiah Lender requkes Inaunnce. Thfs beumce eh�ll be m�lntalned In the emouMo�nd for ihe perfoda � _�_
<br /> ih�t Lander requkes. The Meurance carrier provldinq th� Ineunnc�nh�ll be choaen by Bortower aubJect to Lender'a�pproval , .. ,._ �
<br /> whloh ahall not bs unreaeon�by wBhheld. 11 8onower I�IIa to mNnt�in covwage deecrlbed ebova, Lendar m�y, at L�ndK's �
<br /> � . optlon,obUln eov�rage to proteot Lender'e riqh�e In lhe propaty In �eco►d�nee wflh p�ragr�ph 7. ;
<br /> . � AU Inaunnce poNcles and renewala ahsll be �cc�ptrble lo Lande► �nd ehrll include a atandard mohgage clauae. Lender
<br /> � shal have the ripht to hold ihe poAclea and renewds. II Landar requkes, Bortoww ahaN promptry g(ve to Lender all recelpis of
<br /> , pald promiuma and renewd noticea. In ihe event of loaa. Bonower ah�U ylve prompt notice to the inaunnce cartfw�nd
<br /> Lender.Lender may rn�ke proof ot lo�a 11 not nwd�prompl�y by Bonow�r.
<br /> Unlesn Lender and Bonower othervrlea �qree M wnlinp, nauruua procaada ahall be applled to restoratbn a repek of
<br /> the Property dam�ged, H the reator�lion or rep�k Is economlcdly leasible �nd Lender'a securfty is nol bssenad. If the
<br /> reatoraUon or repNr ia not economkally leaalble ar Lender�e aecunly would be lesaened, the Insurence proceeda ahell be •
<br /> apptled to the auma aecured by thle Security Inalrumenl. whether or nol Ihen due, wqh ony excess paid to 8orrowar. II
<br /> Borrower ab�ndons the Propeity, ar doea �ot annw�r wilhln 30 d�ya � notice Irom Lender ihat the Inaurance cartler has
<br /> oflered to aettle a clakn, then Lender m�y collect Iha „+ursnce proceeds. Lender mey use the proceeds to repalr or
<br /> reatore the Property or to p�y sums s�curQd by thfa 3w:urlty Indrumont. whelhar or not than due. The 30-day pedod wIN
<br /> beqln when Ihe notice Is given.
<br /> Unleas Lender ar�d Borrower otherwl�e egrpe in wnting. �ny �ppMCUtlon ol proceedc to principal ahall nat extend or
<br /> poatpone the due date of the monthly p�ymanls relarM to In per�grwha 1 and 2 or chenqe the emount ot the
<br /> peymenta. II under psregraph 21 the Propu�ty Is acquu�d by lendM. Hortower's right to any Inaura�ce pol�les end proceeds
<br /> _..�_ _�....wi_ o.._...,...
<br /> _ " " reaulUng hom dwnage to the NroPenY Pnor io ins ■cy�����i��m sP�.: N,.. ��t��.i:� �:.��a::.:��; ... „�a s,.�,�.,.., .�,,,. ...,.,,,..,.,
<br /> � Instrumont Immedlately pdor to ihe acqulsubn
<br /> 6. Occup�ncy, Prosorvdlon, M�InNnanc• �nd Probctlon of tho Proporry; Borrowor's Loan
<br /> ' � Applioation; I.oAwhold�. BoROwer sh�N cecupy, e+l�blbh. �nd une ihe Property as Bortower'a principol resldence
<br /> wNhin nixty d�ya�Ner the execullon ol thl�Secwlry Inetrumenl�nA eh�ll conllnue lo occupy Ihe Properry as Bortower's principal
<br /> � realdence 1ar et leaat one year Nler ihe d�le ot occup�nr.y. unlewe lxndM uth�wlee�qreea h wdting, whlch consent shall not
<br /> ' be unreasombly withheld, or unkse sxtonudlnp ckcumsl�nc:w�erlal which�n beyond Bortower'a control. Bortower shell not
<br /> � desiroy, dimaye or Imp�k Ihe i'roparly, �Ilow Ih�PropWty lo delNwr�lo u commll w�nte on Ihe Propetty. Borrower sha0 be
<br /> ' In de}aWt il my IorlelWre sctlon or proceedlnq. whMhw �.rv�i ur crxmn�l �+ h�gun Ihd In Lendei s good IeRh Judgment could
<br /> � . resuR In torlalturo ot tho Propmty or olhunvl3u melenally�mpmr 1hu W�n ��eua�d by Ihis Sowdty Inslrument or Lender's securlty
<br /> ' Intereat. � !�<� <�1!-�
<br /> F1316.LM0(70/91) � '.�, : .�•.
<br /> � •iJtS�i M
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