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<br /> ' � TQ(iETNEP WITM ell the improvements nov� or hereafter Qrected on the p,-operty- a^d aU easemenis, appurtenances, and �� t" :
<br />� � Tncturca now oi hereaRer a part o1 tho property. All replacemeirts and additians shasi also b2�overed by thfs Searity instrument. • , ��}.�.
<br /> ` Ali at�R+t?�;+t(�cmp�s ratened to �n Ihis Securiry Instrument as the"Properry•" � . , . ' .
<br /> gi1n;�C�i�y�+¢� COVEMANTS tNat Bortower is lawfuly seized of the estate hereby convared and has the nght to grant and z. _
<br />, �a�y�y �'re� F1Y(:�Yt!i� and that tha Rroperry is unencumbered. except for encumbrance_ .�`record. Boaower vrartants end wdi . •. ` `F'°
<br /> - ,r ' • � t�llo tn tho F'ropctt agamst all claims and demancfs,subject ta ar.y enwmbrances of record. �� ,• ,
<br /> di}4R.ti r�tT i/UHfI.1H Y tY � , .
<br /> • 711�; 3;:,;;l��AtTM INSTRUMENT combines un'rfortn covenants for nat+onal use artd non�nifortn covenants with limited � _
<br /> r;vrptturxi kry jutt(Id�G:ian!o const[tu�o a undorm security mstrumr.nt covet'v�g real pra�'. •
<br /> UN��cI1R:tidVENANT3. Bartower and Lertder covenant and agre2 as to0orrs: 0 r „
<br /> 9. Pt�annnt o4 Princl�aal anmf Intvres� Pre�ayenez�#�n�3 1..a4e �t�a'r�s. eoROwer sna��PromPUy Pay when� ; �>•
<br />� du� �t�T;rn,rrf�# o f an d mtores t on t he de b t ev i d e n c e d b y t h e N o t a a n d a n y p r e a a y i m'}' ;nd late char ges due under the Note. .: , y
<br /> 2. Func�b for Taxes aend I�surar��o. sut�ec�to apaGcahl�law or to a w�waiver by Lender. 8ortower shali pay
<br />'_� tt� Uan:sr an: Yrn day m v n i h ry p a y m e n t s a r e d u o u n d e r t h e f�!a:e. �^�!�U�e{v u t e i s P a� s�full. a sum ('Funds')tor (a) yearly� �. • _:
<br /> ' fa;,q�c ar:r,y esr�sKents which may attain pna ri t y over t his �ac.�i t}, i�s i r u m e n t a s a l i e n :n t h e P ro p e rt y: (b 1 y e a r l y l e a s e h o i d�
<br /> paytnnrtGt cr c,yound rents on the PropertY• it any: (c) yearty r.azara or propQxry �nsurance=�em,ums: (d) yearty flood msurance
<br /> F r u n n�m n-�t an y. (e)ye a r t y moRgage ms�erance premiums. 'rf a:y;ano i'arry sums payabta b: 9ortower to Lender in accordance . ,.,. , _
<br /> w7r� t*�p'oviswns ot paragraph 8, m heu of the payment ot mo�ga3e insu�ance premiums i i iese items are c a l le d 'Escxow ; • � _ _
<br /> f•uHn�3' Lender may. at any Ume- collect and hold Funds in a-� smaunt n�i to arceed ih= -rar.cnum amount a lender for a ._ . , _ _
<br /> t&drat�liy related mortgago �oan may require for 8artower's escrow ��urt nnder the feda+a• =.� r-�--�e Settlement Procedures �'•.. �� ':'
<br /> q.t p! 1974 as amanded from time to Ume.12 U.S.C.�2601 et sQa ;'RESPA'). un:ess anot.y �• '?'�� applies to the Funds � •+�-��,�;"
<br /> � sFta a lesser amount. It so. Lender may at any time. collect an� haid Funds in an amou�: ^�':^- �t�ed the lesser amount `"`�`��`'"'�
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<br /> U�tr,izr may estimate tho smount ot Funds due on the basis ot cyr-e:T: data and rea>onah�a ��'s-�� c!expenditures of tuture �_. y;, �_ ,..,T�^.. ,...
<br /> Esaow Items or otherwise in accordance wrth applicable law. ��� '�� -•
<br /> The Funds shail be held In an instttulion whose deposits are insc:-a�b�a te�..r�: aganc�. rx:�n�r•�Lty or entity(induding �
<br /> ��.
<br /> I.Fnder. if Lender is such an instltut�ool or in any Federai Home Lown�a�?c. Le*�a?t shal�a=:^'y"'� F=n�^ to p8y the ESC�O�v _ _ '���_; :+�,'
<br /> It�ns. Lender may not charge BortorrEr tor holding and apprymg the P.r�os.a�z��an�:�:3 ctie asr,�oW account or veriTymg �•�>;,��.�»o.Pn.��._-,
<br /> the Escrow Items, unless Lender pays Bortower interest on the F,�s an� apo*ca�l� L>�� �ertnits Lender to malce such a _.�
<br /> ch�ge However. Lender rtfay require 8ortower to pay a onetime e:z:.�f�: a� r�dapeno�*: rea� estate tax reRartin4 5�� �y _;�_.,.��_:
<br /> used by Le�der in cvnnection wth this loan, unless apptiCable law �r�v�oe� ot"��vas2 ��-7� a� agreement �s �^ade ar •, -,F:c�,;n�p�%7
<br /> epplicebie law requlres Ir�terest to be patd. Lender chall not 6e requireG co u3y BoROwar any a�r�t cr Pamings en Ute Funds. ' 'z��='�����'
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<br /> - Bortower and Lender m�y agree in writmg, however. that interest shal's L��a;pa:d cn t74e Furr� Cr�6�r. sfial) give tc BcRawer. _ ,___ __.M-+�
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<br /> without charge, an ennual accounting o1 the Funds, showing aed'Rs an•u;1�'s ta a`va r.�n3s �r_tv= �urpose tcr �+rich each _ ���
<br /> debA to the Funds was made. The Funds are ptedged as addi�onal secur:�tr�:s�sr�cu•'ac=r"�.z Securiry!nsv.�r.ur'r�t. � �,�ir'`��"'��i�•. •..�
<br /> It the runds hetd by Lender exceed the amounts pertnitted ta be hela by.�a.ti�'o�=�t+n, L•a.-�� s.all accocn'cc 8acrower � �,�= �
<br /> for the excess Funds m accordance with the reqWreme�ts of applicable laix. r�-�zmw�."t d� tna:=��;n'+�.s '��d by L�:�=°r at any -�.,�i,+; , ,• sn�,.y
<br /> Ume�s not sufficient to pay the Escrow Items when due. Lender may so n7d:j"t'r.rn�rz��� ++�"g a.�a. n such case Borrower .,....*;;.7y..
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<br /> shaU pay to Lender the emount necflssary to make up the deflciency. Bann�a�:Pz1: �:c� u;,nia dafic�s-:.7r in no more than ��°:.',i�� r:
<br /> ±weMe monthy payments.at Lerr�fer's sole discretion. '`• °t. � .,•
<br /> ''.{ Upon payment in tuli ot a!t �ums securod by this 9ecurity�nstrument. Le'�ar��t.a'�'t�+l�''�n=== ��'"�'��'Y Funds �
<br /> ' . ! hetd by Lender. If,under paraflmph 21. lender shali aequire or setl the PropeRy.4.er+�3:.r�-rr• la v►a urnu�3f:.r��!e of the
<br /> '."s PropeRy. shall appty eny Funds hn'd by lendor et the timv ot acquisition or sale as a a-e:ld: a�:3�rT su.ra�ued by this _+ ' �;
<br /> , Security Instrumeni. �
<br /> 3. Appllcatlon of Paymenta. Untess appliwbte law provides othernise. .at, ueg�-;�c� •°aa�s� tri Lender under * ;}
<br /> paragrephs 1 and 2 shail be appiled: Tirst. to eny prepaymenl chargeS due under th��Y�.°_ seco'+:;.'`•c<r���.��'s Payable under ,. ,,�
<br /> . paragraph 2;third,to interest due:touRh,to pdnctpal due: and Iast.to any late char�����u:�sz�:h�e A�U;.. '+-•
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<br /> 4. Charges; Uens. Barrower shall pay a0 taxes. essessments, charges, �::� �•a rry��s�t✓'s a's*u2b�e to the ��� ,
<br /> ��> � Property which may attain pdor[ty orer Lhls Sewrity tnstrument,and leasefioid payment�•:r�R7rat"r3..-�rt a^.Y. Eocrower sha0
<br /> - pay these o6ligattons in the manner provided In parttgraph 2, or R not peid in thet r�rr��. Bo�ovn�:t'aU pay them on time
<br /> � directty to the person awed paymeat. Bonowar nhall promptry fumish to Lender uS: n:+::ux� �'��:�'rs t� 6e paid under this
<br /> . pfuagraph. N Borrower makea these payments directly. 8orrower sha;l promptiy 4.1J7'�.�� `—= J�7f13' 'LV2!():s evidencing the
<br /> � ,;� payments. `=:�.
<br /> Bortov�er shaU prompUy d{sehargo any qen which has pnority over this Securiry trt�rum�::ulk:a.G:rnanar �,��agrees in �3: _
<br /> . writing ta the payment o1 the oh:qatlon securod by the lien m a manner acceptable tm';,�-�:r� iL" �✓'r+�s�T �::ad faith the =__ _
<br /> lien Dy, or detends againsl enforcem:nt ot tho lien m. iegal proceedings wn�cn m tn�.2�-�:r�-s opr,�:R aa�r�,:t u-�.'"avent the _- --�
<br /> entoraement ot the Ilen; or(c) secures from tho holdcr of the Ilen an agreement satlsig�:u��:r�ux�•:lx s:�as�T�a'•g the Uen to _ _ ___
<br /> � th�s Secutity InstrumeM. If Lendet detem�tn2�thIIt any puA of tAo PropeRy Is subJect to a 9ia�c x�f9rlr, cs�_;��En prEa:iry over th(s _ �"'"�'
<br /> Security InsWment. Lender may ghre Bortowar a notico IdenUtying the Ilen.BoROwe��sha5:�t:sfy��tir'fr3.a-:�l�:r:e or more of �,;,�=;;>;.
<br /> . ',S the actions set forth above within 10 days o1 the giving ot notico. J"—'
<br /> 5. Haza�d or Prope►ry tosurance. Bortowor shall keep the Imarovementa nrnw rL;�t;�t�� cr��5rr�l,�.�-e�r-d on the �'�1°`�`""-_ ____
<br /> � Propertyr insured against loss by tire. hazards Induded within the tertn 'extended cover�ar_�` sr•�f snv ui�r��'ru�7a�rs, inGuding �i""�`
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<br /> ' ; tloods or Oooding,tor which Lender requlres fn:,uranco. Thta Insurance sha0 be maintalned 1:� t�r�.flrn:atn:s. •�ig iae�tta perfods �,A�-----m.__ - . __
<br /> ; that Lender requires. Ths insurance cartler provldinp tho insurence shail be chosen by 8orro•r.+e�•��rd rr���rs approval „
<br /> � which shall not be unreasonabty wfthheld. II Bortower falls to maintaln coverega desaibed�u��A.G�ain.r m�sy at Lender's _____�'
<br /> � optlon,obtain covemge to protect Lender's rlghts In tho Property In nccordance with paragraph 7• "'"'-`�
<br /> . �i All insurance policies and renewals ahctll bo acceptabto ro Lender and shall include a staM«�rn.�t�ac,�. �:au�r._ Lender ��. _
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<br /> � . shall have the right to hold the poilcles and ranmvals. H Lendcr requlres,8ortower shali prompth� ,��ra to LeM�r�• •sll�,r�ipts o1 ,{;�,���,:_
<br />.'�'�"U�"�� aid remiums end renewal not3ces. Irt tho ovent ot toas, Borrower shatl ghra prompt rtotice to the r.:ea��ze cdr.i;�'oud Lersder. [ � '' � n-
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<br />`.,,;,;•!•;�:�. Lender may make proof o1 loss H not mado promptry by 8orrower ��:-,..•". :
<br /> � Untess Lender end BortoNOr othervdsa ngrea in wdtlnp, insurnnco proceeds shail be applled tc n:sir.r�L'a�t�.�:n:aair of the ���-:�;�;,-�.
<br /> Property damaged.i1 the restaration or repalr Is economicalfy leasibte and Lender's seeuriry Is not les�2d �t�:r_ ���.T•�ration or �d`'"'�'`'"`�' '"`�°=
<br /> ' repair Is not economicalty tensibte or Lendet's sacudty would bo �essened. Ihe Insurancc proceeds s`�T o�'s •�i%�1 i�t?,e sums �"'"'��-��� """-`�
<br /> ' secured by this Securfry Instrurcam, whether or not then duo. wfth any oxcass patd to Bortowec �t Fy:✓.ra��:� .sL-r:r..�ir.ns the ,.��_;a�*r�^r��_�R
<br /> ��:.`;:t.�.v.,�:�..:.
<br /> _ .;a,.. Property. or doeo not answer within 30 days e notico irom Lender that Iho rnsurance carrior has o`sv�azi :r <_Eese ��tu��. U+r_� �;a�,.�--W---
<br /> ' Lender may collact the insurance procneds. lender mny uso the pioceeds to repair or restore tn�3 �+,:p�arr� :r +:s ;.:i,� �:ns ___.
<br /> . ..�` secured by this Secudty Instrument,whather or not Ihen duo. Tho 30 d�y penod will begin when iDe�-�:n�a �J�•a� , t L:
<br /> Unleas Lender and Bonower otherwtso n reo m writin nn upp�icatian o1 roceeds to rinof;n'. sra� ����� �•�^s'..� �• � °��..
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<br />'. • ' past pone the due date of tho monthly poyments rafcrrad ro �n paruqrnph� t und 2 0�change the amant c� p•.�a ��::-•.n-:s r ';, ; ""'"'''7'"C�`"'
<br /> ,• . j' und�t paragrdph 21 the PrqpeAy is acyuired by lende�, Burrower u nuhl lo any insuranee poi i c ies an d p�a:..s:ta �e:�.���:'1 3 `'c^' .,.: :• ,•.
<br /> damage to the Property prlor to the acquisitlon ahal! paos to lcnder to the extent ol the suma by tkds Sye�•1',- ,rs;n:M�:� '.r.. .s�,:�'•`
<br /> ��i immadiatety prior to the acquisitlon. �� �
<br /> ���;`{� 6. Occupancy. Preservation. Melntor�ence and Protectlon ot the Pro}�0��. 0cm�mz�L�*'s 6a2rm ; � •� "'
<br /> . r���7� _.__��Wl.l.���itl.i'._.
<br /> .',i�' Application; Leaseholde.Bortower shail occupy. usta6li�h. und uao Iho Proporty as 8ortower's pdncip�!�raa��•�:e v�ii;rr :q-���-
<br /> �'•'`'•t sixty days atter the executlon o1 Ihls Securlry InslrumcM qnd chal► r.antlnut� to oceupy the Property as Bcn+:�.�e �� � �'
<br /> r� �rirtci zl e�f�:
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<br /> , 1'�:-,• residence for at least one year aRer the data o1 �r.cupancy w�loa:: t uudr.r othervn�o agrees in wriUng,which cr.�+�s+c� !:-�: -ot . ,
<br /> `:� be unreasona5ly withhetd. or unlQSS extnnuatmg r.ircumstn��cen cx�:l v,hlt.h nro Ueyond Bortov�ers control. BoT�,>��r �-:�i n�r '�T� •
<br /> '�°�;':� destroy. damaga or impair the Property.allow tho Property to deterinrntc� nr comm�t wnsto on ihe P►operty- 8orrc�o�•a• s�-at :Y• r ��
<br /> • f detault i1 any torteiture action or proceadmq. r�hoth�:r c�+d or ulunnui i^� t�e{�un IAat �n Lender's go�d taith judgme~: aa.t: -•r.;�1 `�
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<br /> in toAeiture of the Proparty or utherw�:o malr.rGUly nnpau Iho Ilrn �r�.qcd l�y I�us: Secunty Instrument ar Len er's sea•+,',J r-e•��'.
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