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<br /> • . ;� . � TO�ETtIER YYfTIi aii the Impravements now or hereafter erected on the pmpeRy, and all easements. aPPurtenances. an� �` ' .
<br /> • ? fixtures now ar hereafter a part o1 the pmperry. AII reptacements and additions shali also be covered by this 8ecuriy!Instrument ...; - . _..
<br /> `2- :. : .. _ All oi the faregoing ts refecred to In thts Secudty Instrument as the'Property.' _, _ _ .�``, `.° �+.
<br /> .`` ('� - BORROWER CCZlENAN75 Net Barrower(s tawhr8y seized oi the estate hereby cottveysd and has tl�e right to grant and °4
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<br /> - �'��4 coavey the Praperty and thei the Prope�ty is unenwmbered exceat tor encumbranee.a o1 rewrd. 8ortower warrants and wHl . , r:��.,
<br /> ' defend generally the tiUe to the Property against aD daims end demands.subJed to eny enwrt�ranees of record � :1 `�.<< , .
<br /> � � ` . _ THIS SECURITY INSiRUMEM combines unHorm covenaMs tor naUonat use end nonunifortn covenants with Umited� . . ::;; =
<br /> � vadatians by jurisdietlon to eonstitute a uniform securiry instrument cove�ing real property. ..,� �
<br /> UNIFORM COYENANTS. Bartower and lender eovenairt and agree as fo�ows: :.f�5�.
<br /> . ' � � • n d Irnere s� Pre ent artd Lat� Charges. eorrower snao v�►�P�v Pav wnen� . • ,
<br /> !.P�yment o4 PrirtCip81 e p�� t end tate charges due under the Note. •
<br /> . z� due the dncipaf ot and tnterest or+the Qebt evidenced by the Ptote and anY P�Y� �q . . , _�
<br /> � - 2. �nds fa�Taxes and tnsurance.Subied to�pllrahte law or to a wrttten waner by i.ender.Bortower sha11�a"}(�� . ,.
<br /> , to Lender on the day monthly payments are due under the Note, until the Nate is peid in tu0,a sum('Funds')tar. (a)yeany� , , , "�`�? ''-
<br /> . �...��'°'° taxes and assessments whtch may attain pdority over this Seeurity InsUuma.nt as a �en on t�e Properiy: (b) yearty leasehot� .
<br /> � '` har�rd or property insurance prerttiums: t� Y�Y nocd insuranc�
<br /> . -- -r��--�-- PeYments or grourtd rents on the Froperty. il any, (o) YearlY p Boaower to lender in axordance -_ ` ` ; -.
<br /> � premiums.it any;(e)Yea�tY mortgage u►suranoe premiums.H eny,and(n any sams Pay�bte Y ,
<br /> ' � witt�the provisions of parsgraAh 8. in Geu ot the payment of mortgage insu�ance premiums. These items are calted 'Esa°�" `<j�„;_
<br /> ' �t�g• ��r may.at any time, coppct end hoid Funds (n en amount not to �cceed the ma�dmum amour�t e Iender tor a •
<br /> � }�e�lly retated mortgage loan may requtre tor Bortower's escrow acoount under the lederal Real Esmte Settlement Procedures •,,..', • _-,
<br />:`� . Ad of t974 es amended irom tfine tn Ume. 12 U.S.C.�2601 et seq. ('RESPA'�. untess another law that appQes to the Funds t . ;;� ,:`-<
<br /> ' ' sets a lesser amount 8 so. Lender may. at any 6me. collecl end hotd Funds in en amount not to exceed the lesser amount :;±, ,,. , :..';-_
<br /> .'� ,. � ; Lender may esUmate the amourrt ot Funds due on tho basis ot aurent daAa and reascnabte esdmffies o! exPenditvres ot ftttura 4�.^`•-
<br /> � Escow Itecns or u�elwise tn accardance with appQcab[e taw. InsKrumentalih. or en �ndud'in �_---
<br /> The Funds shaU be hetd(n an ins6rt�Hon whose depos�Ts are insured bY a��g��• �{ g _ -
<br /> � Lender, if Lender is sucA an tnstimUon�or(n arry Fedetal Home Loan Bank Lender shaU apply the Funds to Pay the Escrow , ' r
<br /> Items.Lender may not charge 8orrower for hatding end epPtying the Funds.ennuaUy ana�Ytieg ttte escrow account,or verfying , �,°s:;..�,
<br /> ` . . t6e Escrow Items, untess Lender pays Borrawer interest on the Funds and appllcabte law permits i.ender to make such a ,
<br /> . ' ° . . charge. Hmirever. Lender may require Borrower to pay a on�ne chazge for an independent reat estate tax rePor6ng servtce :.` " .�'.'.:
<br /> ' .� used hy Lender in connecttan with this loan. unless apPlicabte Iaw pcovides othecw4se. Untess an agreement is made or � ,.::_
<br />, • - apppcabte taw requlres interest to be pald. Lender shall not be required to pay Bortower any interest or eamtngs on the Funds. ';
<br /> � Borrower end Lender may agee in wrftlng.however. that inLerest shaA 6e paid on Me Funds. Lender shaU glve to Borrowa.
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<br /> �. without charge,en ennual accounting of the Funds, showing credds end debits to the Funds and the purpose far whieh each . �'.,_:.
<br /> . debR to the FunQs was made. 17�e Funds ere ptedged as additional se�urity tor all sums sec�ued by 1he Securiry InsWmetrt. _ _
<br /> �.. If the Funds heTd by Lender exceed the amounts pemtitted to be heid by appGcaSte Iaw,Lender shaD accourtt ta 8orrower _
<br /> ��!���, tor the excess Funds in aceordance wdh the requUements of aDPRca6�e �aw•H t�e amount o1 the Funds held by Lender at any , , _ __
<br /> � time(s not sufficfent to pay the Escrow items when due.L�der may so notity Borsswer in w�ting,end in such case Borrawa =
<br /> ` •• sha0 pay to Lender the amount necessary to make up the deflciency. Bortawer shaU make up the Qetfdency in no more than � t�_��
<br /> ... _ . ..= twehre monthty paymetrts.at Lenders soie discretion. � '•°�--.
<br /> � Upon payment in tuU of all sums secured by this Security Instrument.Lender sha11 prottmUy refimd to Borrower eny Funds �.,��-.Q.-; _�__.__
<br /> � � � held by Lender. U, under paragraph 21, Lender shall acqoire or setl the Property. Lende►,pdor to the acquisition or sate ot the
<br /> ``�� : property,shaU apply eny Fut►ds heid by Len der at t he time o f acqu i s tt l o n o r s a l e a s a c r e d i l a g a inst the sums secured by this .,___.__
<br />='i,: ' Securily(nstrumeM. � ��`.i"w-•`�•
<br /> , � . 3. Applieattoee of PByments. Untess appGceble taw prorides othe�v"se. a11 paYmer►ts receNed by Lend� under e� �_
<br /> - -� para�aphs 1 and 2 shall be applie� ftrst.to arry prepayment charges due und��+e Note:second,to amounts payable under —
<br /> ' . para�aph 2;third,to irrter e s t d ue:t ou R h,t o p r i n d p a l d u e:a n d l a s t,t o a n y l a t e c h a r g e s d u e u nd e r the Nota =r�
<br /> � . � � 4. Ch8fges; L1eO9. Borrower shaU pay ail texes. assessmeMs, charges, fines end impasitions attr[huteb►e to the . .�;�;�,_.
<br /> .. PropeAy which may attafi p�lority over t h is Se c w r i t�l(n s t r umen t.a n d leasehold pa y menis or �ound rerrts.N any. BoROwet shaU : ',.��:
<br /> �- ' pay these obUgations fi the manner provided in paragraph 2, or if nat pald in that manner.Borrower shall pay them on time / _ =�
<br /> � � directly to the person owed payment Borrower shaU prompUy fumish to Lender ell noUces of amounts to be paid under thb
<br /> �.; .. �. , paragraph. N 8orrower makes these payments �ireeth• Borrower shatl promptiy tumish to Lender receipta evidendng the :.,��
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<br /> ;,i ., • payments. .�.�„-
<br /> , 8orrower shall promptly discfiarge any I[en whicb has pdoriiy over tfi(s Securtly tnstrument unless Borrawer: (a)agrees fi -.�;�c-�
<br /> ' • �• � wdUng to the payment of the obGgation secured by the lien in a manner acceptabte to LenQer. (b) contests in good tafth the ,'� ,�„ � ___
<br /> ' �) Ilen by. or defends agalnst e�orcement o1 the Iten in. Iegal proceedings which In the Lender's opin(on operate to prevertt the � � ���
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<br /> � enforcemenl of Yne fen: or(c)secwres from the holder of the fien an agreement saUsfactory to Lender subordinating the lien to f : �s __
<br /> - ~ �� this Secudty instrument It LenQer determines that any parl of the Piroperty is subject to a Ilen whieh may attain priorfty over this � ';�
<br /> � ' Security tnstrumen� Lender may g(ve 8orrower a noUce identitying the Iien.Borrower shatl saUsty the Iien or take one or more ot ,l,` � ...;��;
<br /> � ' the adions set forth above wfthin 10 days of the giving ot noilce. ';�?`�
<br /> 5. Hazard Oi Pfoperty ItISUiBnCe.Borrower sha0 keep the fmprovements now ex+sting or hereafter erec[ed on Css '�
<br /> � '� � � Property fnsured against toss by flre, hazards included vrithin the tertn 'extended coverage' and any other hazards.incluffc;g �,„',,.:'
<br /> ` • ?;; ftoods or 1looding,tor which Lender requires insurance. This insurance shall be maintafned In the ameunts and tor tha periods „
<br /> - that Lender requires. The insurance carrier provid�ng the insurance shail 6e ehosen by Bortower subject to Lender's eppro�ral
<br /> • which shall not be unreasonably withhetd. It BoROwer laiis to maintaln coverage descr@ed above, Lender may, at Lender's
<br /> � opUon,obtein coveraga to protect Lender's dghta in the Property in accordance with paragrapb 7. � .
<br /> ' � Ail insurance poiicles and renewals shall be acceptabte to Lender and shall Inciude a standard mortgage ctause. Lentar
<br /> .f�;: shail have the dght to hold the poGdes end renewals. It Lender requlres.Bortower shall promptty gtve tn Lender all recei�ts of , .
<br /> _ • ' paid premiums end renewal notices. in the event o`toss.Borrower shall give prompt notice to the Insurance cartlet and LenQer. �
<br /> '�`?`` �.:; Lender may make proot ot loss N not made prompty by 8orrower. , • .. ,
<br /> Untess Lender and 8ortower otherwlse agree in wAtlng, insurance proceeds shall be applied to restoration or repair ot the
<br /> ;,: . � ' Ptoperty damaged. if the restoratian or repair is economicallyr teasible and Lender's security Is not lessened. tf the restoratic.�or , ;,;.'- �
<br /> ` repair is not economicaly teasible or Lender s security woutd be lessened,the Insurance proceeds shatl be appited to lhe s.irs ;;IS..
<br /> - • � secured by ihis Security Instrument, whether or not then due, wRh any excess pald to Borrower. It 8ortower abandons the ,
<br /> ' Properry, or does not answer within 30 days a notice hom Lender that the insurance car►ler has oHered to serite a cialm. then . . . �•
<br /> �. � Lender may coltect the Insurance proceeds. Lender may use the proeeeds to repalr or restore the Property or to pay sums .
<br /> � • seeured by this Securtty Instrument,whether or not then due. The SO•day peAod wfil begln when the noUce is�:tien. ,
<br /> � � ltntess Lender end Bortower othervdse agree in w�iting. any appOcaUon o1 proceeds to principal shail not extend or : �
<br /> postpone the due date oi the�r.a�thty payments referred to in paragraphs 1 and 2 or change the amount of the payments. N
<br /> . under paragtaph 21 the Property is acqulred by Lender. Bortoweis dght to any insurance poliGes and proceeds resulUng from
<br /> damage to the Property prior to the acquisiUon shall pass to Lender to the extent of the sums by this Security InsUument
<br /> - • tmmedlately pdor to the acqWsition. .
<br /> � 6. Occupancy. P�esen►ation, Maintenance and Protection of the P�opo►ty; Borrower's Loan
<br /> � Apptieatlon; Lee8eh0ld9. Bortower shall occupy,establish, and use the Property as Bortower's pdncipal residence withtn �
<br /> �. . , ' sixty days efter the exeeuUon ot this Securiry Instrument and shall eontinue to occupy the Property as Bonower's principal •
<br /> residence tor at least one year after the date o1 occupancy.untess Lender otherwise agrees in writing, whlch consent shall not
<br /> � be unreasonabty withheld,or untess extenuating circumstances exist which are beyond Bartower's control. Bortower shall not
<br /> � destroy. damage or impaU the Property. allow the Property to deteriorate,or commit waste on the Property. Bortower shail be in
<br /> � � de}ault it eny toAeiture actlon or proceeding. whether civil or criminal. Is begun thal in Lender's good taith judgment coutd result .
<br /> • in toAeiture ot the Properly or othenvlse materialry impalr the Ilen created by this Securiry InsWment or Lender's security interest.
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