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<br /> , � TO(�ETHEH WITH rtl th� �nipratiw�w+iis now a harwflor wrctod on lh� propwty, wid si► r�somrnis a�{�wtwwnc�s. ri�d
<br /> hxtures naw ar herw$rr w pa�l of tho propwty All replacamants and addiUons shaU atso bv covond by th�x�cw�ty Inxpunwnt
<br /> AN ol Ihn fare��ou���s rpfaraci to�n 1his�Saciuity InsUunw�il is Ih�r "Pru{Kriy' � _
<br /> BOA1iO�YER (:OL'ENANTS ihat 3arrov:x la taufullV sw2�d ot th� �slata h�r�hy conveyed ynd has tn� nqht tu q�a�U r��d
<br /> convey t�e FYopeRy and that Ihs Propaty Is unencumbaed. e,ccepl Iw wiCUrr�t+rw�ces M rocord kiwroww warrams .��a ww �
<br /> ciof�nd ganerally ihe liUt to tha Propc�Ry againsY all clalmt tnd domands. subJat tu any ancumb�ancor ol ncad �
<br /> THIG �E�I�RI'fV INCTfiUMFIJT combina unUorm Cov�nants lor naUonal usa and non-urutorrn COVY11i71�i1 wMA M�WwI /�,'�,
<br /> vonations by jun�dictlon to canttilut�� unNortn secunly inttrum�nt cov�inp rw!propwfy.
<br /> UNiFORM COVtNANTS Borrowa�snd Lender coven�nt And agroe as tdbwr
<br /> t, Paym�nt of PrU�cipai and IntQrQSt; Prapaymant and Laio Ch�u�aa.t�orroW�. sruu won,�uy�y Wnw�
<br /> due thQ prGiupal ot aod i+it¢ratt on lhe dybt evldanc�d by tho Note and any pre�ayment�nd late charyes auM und�r th� Notr
<br /> 2. Funds for Taxas and Insur�noa. Sub�ect to appGcabte 1aw a to a wrillon wa�va Cy Landw eorrower snau �Y
<br /> to Lendar on the day monthiy paYmonts ara dua wida: tho Nofv. unW tha Nota is pa:d ui ti:!!. c sum ('Fund:') !or (al ye�t�
<br /> twc�s and assocsrt�enls whlch may attzin priaity ovx thts Sacuriry InsWmant as a ken on lho Proporty. �6) yeu�y loaiohukl
<br /> payments or ground rents on the PropeAy, if any, (c) yesrty haxard or p:operty �nwra�co prQm+ums. (d) ywrly Hooq a�awai�4r
<br /> prantiunu, il��y: (e) ywry martgage hsuranev prwniums.il qny: and(0 any sunu µ�yable by Borrowor to Londer u� accordan4e
<br /> with lhe provlsions of paragraph B. in liw of the paymenl ot morty7�ge �nsurance premiums Thase itans are called `Esc�ow
<br /> Itwns' Londw rnay, at any 4me, colWct and hold Funds in ari anwunt not to oxceQd ihe moximum amount a tender tor a
<br /> tod�aUy retated mortgage loan may roquwQ lor Bortower's escrow aceount uridar the Iadenl Reai Estata SetUe�iwn Proc�k,�r�
<br /> Act ot 1974 as amandod hom Ume to time. 12 U.S.0 �2601 et saq ('RESPA"). unless anothe� law that applies to Ihe Funds
<br /> sots a less�wrwunt. It so. Lenda�may. �t any tnw, coYoG and hoW Funds in �n amouM not to exceed the Iesscv amount
<br /> landor may eatimate the amount o1 Funds due on the bas+s of curranl data and�easawblQ ostwn�tes ot rapenWtures ol lutwu
<br /> Escrow Items ur otherwise in accordance with applicable uw.
<br /> The Funds shalt Ca hald in an institutlon whose deposits are insurod by a tedaral agsncy, inslrumantaLty,o► ontity(��Gud�ng
<br /> Lencler, �f Lender ts such an institutlan) or in any Federal Home Loan Bank. Lender shall apply the Funds to pay the Escrow
<br /> Iterns. Lendct nuy not charye Bortower to� hotdkiy and �pplying the Funds, annwliy anayziny tM escrow account, or vwiyiny
<br /> tha Escrow Itwns, ut�Nss Lender pays Borrower interost on tho Funds and appGcabk law pwrtwts Lender to make such o
<br /> charge. Howovor, Londer may raquke Bortower to pay a onrtkn� char9�tor an Ind�p�nd�nt ral sstate tax reportlnp servica
<br /> usod by Lend�r in conn�ctloo with thls loan, unless ap{�Iic�W� law provld�s othwwlsa. UnNss an agreerr�ent ls madu or
<br /> zppticaWa taw raqu�es interest ta ba paW, Len�r shaY not b�nquind to pay Bortowat ariy intr�st or ssminss on the Funds.
<br /> Borroww and L�ndw may aQ��e in wridng. howevar, that Intratt shad ba pald on tha Funds. Lendw shaY givo lo Borroww,
<br /> without charge, on annual accounting ot the Futids, showhg a�dits ond dablis to th� Funds and the purpose for which oach
<br /> d�hit tc the Funds was made. The Furids �re ptsdged as addiUonai sxurity for aU sums secured by the Secixiiy Instrument
<br /> H the Funds held by lender excoed tha unounts pertNttad ta Da hotd by applicabM law, Lender sMY accounl to Bortowa
<br /> fw the excass Funds Lo accordance with the roquirqnents o!applicabla law. It thQ omount o1 tha Fu�ds hetd by Lendw at any
<br /> time Is not wffacient tc pay the Escrow ftems when cfu�, Londer rrmy so notity Bonowor in writing,and,in such case Bortower
<br /> sha4 p�y to L�ndor thQ amount necassary to make up th� debci�ncy. Borrowar shaW mako up the deficiency n no mora than
<br /> tw�tve mo�thty payments,at Lender's sole dlscreUon.
<br /> Upon Mym�nt in tv!I of aA wmi s�cund by this S�curity Instrwnent, LendK ahall promptly n(ur►d to BorrowM any Funds
<br /> held by Lender. I}, unde+r ryanyrapl►21,Landar shaU �cqulro or seY tha Proparty, lender, prlw to the acquisitioc►w salo 01 ttw
<br /> Ropurty, shaU apply ony Funds haW by lander st the tk�w ot acquisiUon w sal�as a aedit apW�st the sa�rus s�cwed by thls
<br /> S�ctyily lastntment.
<br /> 3. Applleatton of PsSrm�nts. unwss spplicabb aw prav'�des otn«wise. au payments rocwvad by �end.r under
<br /> paragrapht t and 2 shaU bQ appliod: frst, to any prepayment charges due u�d�r thQ Nota; second, to artwunts payaW�urtc{r
<br /> p�pqraph 2:third, to interest due: touRh,to prinap�l due:and last,to any late charyes dua u�dw the Note.
<br /> 4. Char�at; L1�11�. BoROwc� shall pay all taxos. assass+nwits. charg�s, Tnos and impositbns autibutabla to Ux
<br /> Prop�ty whkh may attah prlorily ovar thls Sewtiry Instrumer►L and Ieas�hold pa}nna►ts a 9round nnta.il any. Bdrowa stwil
<br /> �. �... i.npn�tw�...'! yt� .r.......nr,m_yt�.+i� Mrwevwnh ?, �e k ne+t Mwi in tl+wt m�nnwr_ Rtm+wwr ah�Y na�tYwiw on timr
<br /> droct+y to the pwson owed payr►wr.t 8a-rowar shae prornpily fixnirh to Lartidx aq noticas at amaurtiis ta Da �f ur.dar:his — --
<br /> parapraph. M Bortower nu�ces thasa paymatits dir�fyl. BarowK shaY promptlyt tumish to Unda receipts evida�cny the
<br /> WY+�tits.
<br /> Borrowor shaY pompty discharge any Oen whfch has priority over thls Seauiry k►sVument un�ess Borrower: {a)aqrws in
<br /> wrWny to Uw poyrtNn! ot tha obpyatlon sscw�d by tM litn in � manner acc�pLbM to Lends►; (bj coni4sts Q: good faith th�
<br /> Yr� by. or dM�nds against enlorcanw►t o!tlr� Nen i�. ley�t,;.xoceedinys whkh in the Le�d�r's opki3on op�at�to prwmt she
<br /> eniorcer►wns ot tlw li�n; «(c) aecur�kom tha holdar ot the tlan an agraenwnt satictactory to UndK tubu�►y tha U�n to
<br /> this S�curity Instrum�nt. H Lender d�t+trr�n�s th�t�ny part of th� Proparty ic wbJsci to a lien whlch may�ttaln prlorily ovr thh
<br /> s.curity�InsUw�r. �.nd.r m.y flev 6orrowK a novc.�ar,wyw,fl u,e wn.6oaow.r snaY satisty tn.wn or t.Iw on.ar mora oe
<br /> t!�ac0or�s s�t fath abow wiltih 10 dryy of th�9ivhy o1 notke.
<br /> 5. Hazud or Prop�rty Iniu►anc�. Bortower shall ke�p th•irnprovarw�ts now�xlstinp w heredtr x�ct�d on tha
<br /> Property Insured ag�inst bss by Rre, hazards incfuded withln ths term '�xtend�d covraqe' and �r►y oth�r hazards. hdudinp
<br /> Aoods w tlooding, fu whkh londar nqukea instuanc4. This Inswance sh�Y be urintah�d In th�amounts uid fa ths paiods
<br /> Uut LendK rsqukes. The fnsurancQ eartiar provld'ny the Ir�surance shall b�chasan by Bortow�r wbJect to Landar's approval
<br /> which shaY not b� wuwtona6ly withfwld R Bortowx tails to m�k�taln cov�rag� d�scribW altcv�. L�nd�r trry. at Und�r's
<br /> opt+at, obtaYi covRay�to prot�e! Lw�d�e's rights in tha Prop�rty in accordanc�wrth pangraph 7.
<br /> All inuuance poYci�s and r�se+Kata sha4 b� accaptsiblQ to Lender and shaN Includa a sta�Ward rtwrtpage cJause. Lendw
<br /> shaY havQ the ripht to hold the pakaes and ronewals. H Lender requ&es. 8artowa shall promptly give to Lersd�ail receipts of
<br /> pald premlums�►d r��w�t ncUc�s. tn tha evant of bss.Borrowr shaU 9iwe prompt notke to Uw insuranca cxcrqr�nd Londar.
<br /> l.�dK may make proof o1 toss ff not made prompUy by Borrower.
<br /> Ualess Lendar and Bwrower otherwl.�e agroe in writhg, insuronce proceeds shall be applied to �estoratlon or repaic o1 Uw
<br /> Prop�ty danKged, H the restontion or repak is econardcaily tessible and Lender's securidy is not bssened.It ths restoratia�s or
<br /> rapoir is not econonticaly faasible a Lenderb security would be lessenad,the insurance proceeds shall be applied to the sums
<br /> sec�xW by thts Seccvity Instrument, whetha w not then due, with any axcess pafd to Borrowa�. H Bortower abandons the
<br /> P�roperry, o►does not artswe►within 30 d�ys a notiee irom tenda►that the insuarKS canier has otferod to setl9e a daim. then
<br /> LenrJer may coYect the insu�ance proceeds. Lender mry use tha proceeds to rapair w restore the Property a to pay sums
<br /> sawred by thls Security I�strument,whether or not then due. The 30-day period wW begin when the nopce is given.
<br /> Un�ess Lender and Borrowar otlwrwise agrea in writing. any apptication of proceedn ta {xinc:pal sha{I not extw�d a
<br /> pa:lp�stz tts: rP.tt cL^te o1 Iha mo.^.ih.�; R=;'�ts tetesred!c in �°.s",.�r.Phs 1 and 2 os c.h:.^y:. �.^.maunt ai thc p«yrnrnt�. t!
<br /> undK pors�tsph 21 tlt� Proparty is aCqulrod by Lander. BortowM'a ripht Lo any r►su�anc�poYCw� �nd procaedt nwltin9 kom
<br /> dartuye to 1he Property priw to th� acquisitio� ahaY pass to Lender to the a�Qani ot the sums by thls Security Instrument
<br /> iarr�di�teh+P►ior to the acquisitian.
<br /> 6. Occupancy, Pr�sarvation, AAaiMananc� and Protoctlon of th� Rrop�rty; Bcwrowo�'s Loan
<br /> ApPUCidi0fl; L.,�i�h0lds. Borrowr shaY occupy. ectabYsh. and use the Prop�rty as Bormwar's ptinGpai rasWance within
<br /> sGcty days atter the execution o1 thls S�cwity Instrument and shaM contkwe to occupy th� Proparty as Barrower's princippJ
<br /> nsldence for at least ona yaar altar th�date oi occupancy, unlsss Lender otbenvka ayrees in writing,which consent shaY not
<br /> ba unraasonobly withhNd,w unlsss exbrwatfng circumat�nces exlst whlch an bayortd Bortowar's control. Bortower shall not •`
<br /> dasuoy, danxge or impak thQ Property,a11ow the PropeAy to deteriorate, a cormiii wsste ori the Propaty. Borrowu shall be in
<br /> datwN if any forteiture actlon or proeeac5ng, whNhar civil or cr'wninal, is b�un th�t in Lender's good t�ith judsment could resuH
<br /> In torlature of th�Properiy or otherwise materiaAy impalr the Gen created by this Securily InsUument or Lender's 5ecurity nterest.
<br />_ F13t6.LA16(:t/98) Wye?:r 5
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