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<br /> ' � a0 the tmprovemetds now or hereafter erecte�on the proPenY• end ail easem�ts. aPPuRenan�. � ,�? ..
<br /> , . TOliE71iER WITH facanerts and adddions shall also be covered isy this SecuritY � '< <�:`,
<br /> � � . fi#ures now o�hereafter a Part of the ProP�N• tns�ume.nt as the'Property.' ` : .( ° .
<br /> • � A i l o f t he t o re g o i n g i s re t e rt e d to in thls Seariq+ s�d ot the e s t a te h e r e b y e o n v e y e d a nd has the dgM to c,gant end � � �
<br /> BORROVYER COVENAM(S ttis!Borrower ts IawtultY for enambrances ot recnrd. Botrower wartanis and w�l � { :.. ` .
<br /> t convey the Propeh►end that the Propert�l is unena�mbered. except r :��.
<br /> �- �� � • detend generaUy the tiHa to the P+npertY 89a6►st sU datms and demands,subject to any encumbrances ot reeord. , , <.
<br /> . TH1S SECURItY IN97RUM� ���� un'�0� ��s tor� � roA� d non-unitorm covenarrts with Gmitad� `
<br /> ` . ' 4 variations by Jurisdictlon to constiMe a unHortn seauitY instrum�t cov 9 P � ` - . (
<br /> . .. � UNIFORM COVENANTS• Bo►rower and Lender covenant and agree as toUows: � . �
<br /> 1. Payme�tt of P►iacipal and Int�ses� Pdrepsyme�and Lste Charges earrower shaD promPaY PaY when � . , , ,
<br /> � ol and fitecest on the debt evEdenced by the Nate and anY PreP��t and Iate cher9es due under the Note. � . .:
<br /> . due the prindpai Umb!e taw or to a written waiver by Lend�r.Borrower st�sR pay � , .
<br /> • 2. Funds tor Taxes and tnsurance.Subjed to apP teasehotd � � • ` -.
<br /> � to Lender on the dsy mo�thty Payme�e��e under the Note.unL7 tl�e Note is patd in tu0. a sum ('Funds')for. (a)Y�Y - - -
<br /> � wAteh maY at�i" P�o�Y over U�is Sewr�yr Inswment as a tien on the Property, lb) Y��N • . - -
<br /> h���erty i�sutence premiums: (d? Y�'�Y flaod insurartce
<br /> -- --'�-��-� ' p�e r s�o r g roa� un�d rer�s on the Propedy.if any. (c)Y�Y s u m s P a y a bie b y&nrrower to Lender fi acxordance �----- - -
<br /> , pr�ntums.H any.(e)51ea�N moRgage insurance pRmiunu.'rf any.an d(�e n Y These it�ns ere caUed'Esaow .
<br /> , � w�h the provislons of para9raDh 8. in lieu ot the payment of moRgage insurance premi�m$•
<br /> _ � V� Items.' lrnder a�a7t. at any Ume.eoU��dBortaw�s�eser�ow�accana�t u der the tederel Real Estate �eM�Procedures �• ,z ,._. .�
<br /> tedeaRY related moRgage toan maY recN Qes to the Funds , .
<br /> Ad of 1974 as amended irom time to time.at u�time.rollect and hold F�unds�in an emount nat to exceed the less�amowit ,
<br /> t � � .. sets a tesser amaunt If so, Lender maY. a�Y � . ' .
<br /> - . .. � � Lender maY estim�2e the amouM af Funds due on the basis of current data and reasonabie estlmates of e�enddures of tuture .
<br /> � 6mbfe law.
<br /> Escrow It�ns or athen�ise in accordance wiU►app inswmerta�lY•or entit�!Mdu�ing .
<br /> The Wnds shaU be hdd tn en insGation whose deposits ere fisured tsy a fed�at agency. �e Funds to pay the Esa°w `'� �
<br /> �_�w
<br /> � � . . ' Lender, it i.end�is sucb an(nst�ution) or in anY Federal Home the Funds.annuafly enaty�lr+9 fie esaow account. or verfM�9 ' ':�_:� .
<br /> 1 :.
<br /> . � ftems. lender may not charSe Borrower fBo hmawerginterest on�ths Funds artd apAUceble Iaw pertnits Lend�r to rtake such a °
<br /> . i :'•._�
<br /> . the Escrow ltems. uniess Lertder pays a onedme cfier9e tor an independent reai estate tex repa-ting service . < ��.� ...
<br /> charge. However, Lendu may re4�fre Bortower to PaY rovides othe�vvise. Untesa en a�eement is made or . • :. ..
<br /> used by lender in cannectlon with this loan. uniess aPPQcabte law P Borrower anN irrtecest or eamings on the Wnds. ,•.` c`._.�_'-
<br /> � • interest to be pald.L�tda sha8 not be requhed to pa�l e to Borrow� �: , -" .°
<br /> , apPGcabte Iaw requlres d on the Funds. 1�nc�shaU �r <;,.�,-_
<br /> � , s �T
<br /> - Bocrower and Lender may a�ee in wridn9� howev�.that hrterest shall be pal �. .�
<br /> . . --. �o� �g���nu��unting ot the Funds. showing ctedRS ar►d d�tts to the Funds and�sx purpose tor which each
<br /> .r.�ar
<br /> , • debit to the Funds was made. The Funds are Pledged as ad�tlonaf sear�tq tar ali sums sea.�sed bY L3e Seatr(tY(nstt�meM. _�;'-...,�.�"�';
<br /> it the Funds heid by Lettder exceed the ai"o°Ms P���to be held by apAlicab�e i�u'- Lender shall accou�to Borrower r.,,, ��.
<br /> � deahle law.H the emourrt of the Funds hetd by Ler►der ffi e�ll ^���,�,:.; ;
<br /> � for the excess Funds in aaordanee with the requUements af app .' �';T
<br /> Ume is not sufftcient to pa7l the Eserow Items when due. Lender may so notity 8orrower tn writing�and.in such case Borrower
<br /> ;`�;,��•:::�
<br /> 4-•�_—*'..4�.
<br /> "' shatl pay to Lender the amount neeessary to maicn•up the deftciency. Bortower shaU make up the defidency in rto more than �. Q ` ��
<br /> i iweNe monthly Payments.at Lender's sote discretlo refund to Borrower enY Wnds ,..
<br /> • , Upon payment in tuU of a0 sums secured by this Security InsVUment.Lertder shall promptly ... ' ��''.
<br /> . held by Lender. tt. under pata9raPh 21.Lender shall acqutre or seU the PropeRY.Lender.Orlor to the acquisition or sate of the =. �r Y�`�:-,
<br /> �' ;. �_1-
<br /> Funds held 6y Lender at the time ot acquisEtion or sate as a crecfd a9alnst tfie s�ms secuted bY�� . ,,,,,�..
<br /> � , ProPertY.shail ePPN�Y .rv•��, .�:�, :
<br /> . . � _ gecu�ily Inswmerrt. ents �lved by Lender under . . ,.,��..'
<br /> ... • 3. Aq�pflCation Of PBymetlt3. Unless apPUcable Iaw providas othervvise. a0 PaYm
<br /> 6ed firs�to any PcePayment charSes due under the Note; second��ou�Pa�le under �::�� . �
<br /> ' paragraphs 1 and 2 shell 6e aPP :•;�'_
<br /> `: . '" p�9�p h�t h i r d.t o i rt t e r e s t d u e:fouAh,to p�lnctpaa0 taxes, esse.sst me^t��h�9es, fines a n de i p o s i tlons attributable to the � •"��, ;.: ;�._
<br /> ` ' 4. Cttsfges; UlOns. Borrower sha(1 pay .
<br /> whteh may attain PdaMY over this Securiry ��h 2, or ff I ot pa�d nam���ne�Barrow�sfiallrpaY tfiem onSUme � -'�
<br /> ` . � , �pe� .
<br /> ';_ . pay tfiese obOgaUans in the manner prwided in para�aD
<br /> direcqy to the person owed payment Borrower sha0 prompUy fumish to Lender e0 neUces of amoL.�ts to be patd under this :,,�;
<br /> ' � � paracgaph. If Borrawer makes these payrnerrts d3recttY. Borrower shall promptty t�mish w Lender receipts evtde►►cUg the -;•�•
<br /> :,.�,r_
<br /> , • ' ' paymente. over this Secudty Insbrument untess Bortower: (a)a9rees(n . , `.,.,,�
<br /> . Borrower shall PromPV71 discharge snY lien which has pdority
<br /> . writing to the payment o1 the obligaUon secured by the iten in a manner accePtab�e to Lender: (b) contests fi good tafth tfie :,, ��':u•
<br /> Iten by.or defends ageinst entorcemerri ot tha lien In. legal praceedings which in the Lendefs opfnion operate toµ��enllhe •:.`��;`
<br /> � enforcement ot the lien: or(c)secures irom the holQer n o the Property is ubject to a Ilen which may attaln prtorfry ovlerthis . :..���;�a:7
<br /> �.;�. . thls Security InstrumerR.N Lender determines that arry pa ' , �_
<br /> � • Sewrity tnsVUment.Lender may fl�►e Berrov+►er a^oUce identifying the Uen.Borrawer sha0 eaUs�f►the Iten or take one or mnre of ��v-
<br /> the actlons set faRfi above wtthin 10 days of the giving o1 noUce. . _ __,
<br /> � 5.Hazard or Pro�party Insurance. Bortower shail keep the improvemerRs no�v existing or hereafter erected on the
<br /> � • prpperty ir�d e9�°whieh Le derr e���suc�� This insurance shail be matriUained9in he amounts en�rthe pertoQs , .
<br /> tioods or�coding.for �6�• .
<br /> } , �� �d���ire unre sonabiy withhetd. pl YBo ower tails o mantatr� coverage descnbed abovei Lender may at Lender's •
<br /> which shall not b �a�t��with paragraPh 7. • ; .
<br /> •��� option,obtain coveraga to protect Lenders �tghts in tha Properry a ctause. Lender '��`� •
<br /> ,f;';'•;.
<br /> � All insu�ance pollcies and renewals shall be acceptabte to Lender end shall Inc(ude a stand2rd ta Lender eil reeelpts ot r:_.�;,•:
<br /> shall have the dght to hoid the policies and renawals. If Lender requires,Bonower shall promptty g1v ,`;��,,
<br /> � paid premiums and renewal noticea In the event o1 loss.Borrower shall glve prompt noUce to the Insurance carder and Lender. ,
<br /> Lender m�f make Proot ot foss H not made promptty by Bortower.
<br /> ��'� Unless Lender and BoROwer othervvise a�ee in wriUng, (nsuranee proceeds shtill be apg^�d��s�ted.�lf the restoraUon oe � • �
<br /> • Property damaged.H the restoraUon or repair is eeonomicaUy teasible end Lenders sewrily
<br /> repalr Is not economlcal.y feasible or LendePs securiry would be tessened,the ir,s:.a oPB rt�e�gh If Bortower abandons he ;.
<br /> secured by this Securily tnstrumen� whether or not then due, with esry excess Ga� �
<br /> � + Propedy, or doea not answer within 3J days a noUce from Lender th2'the insurance carrier has oftered to aettle a cfaim,then
<br /> � Lender may coltect the insurance prcce�s. Lender may use the p-3oeeds to repair or restore the PropeAy or to pay sums .
<br /> sewred by this Secu�ity instrument,whetfier or not then due. The 30-day perlod will begin when the nottee is given.
<br /> - � 1 Unlese Lender and 8orrower otherwise agree in wddng. any app„g���°�2po°�hange t e�amo�t otlthe�payments•��
<br /> � postpone the due date ot the monthy payments reter"ed to in paragrap ,
<br /> � under paragrapb 21 the Property is acqulred by Lender, Bortower's dght to arry insurance policies and proceeds resufting trom
<br /> • � ' flor to tAe acqulsiUon shall pass to Lender to the extent o1 the sums by this Seeurliy tnsbument
<br /> damage to the Property p .
<br /> ' � immediatety pdor to the acquisition.
<br /> - 6. O�cupancy, Presen►atlon, Maintenance and Protection of the Property; Borrower's Loan
<br /> Applteation; Le8S9h0lde. Bortower shall occupy. estabtlsh. and use the Property as Borrower's prineipal residenee withtn . .
<br /> sixty daya after the o�e t�ear eftehithe dat ottoceupaneyaunle s�Lendernotherwise agrees n writing.whteh co sent hal) npot
<br /> residence tor at least y •
<br /> _ . be unreasonably withhetd, or uniess extenuating circumsten io detedorat��o rcomm�ase on he Property Bo o errshe ebe in •.
<br /> r; ,. desUoy, damage or impair the Prope�lyr.attow the PropeAy .
<br /> default it any farteiture action or proceeding. whelhe� elvil or edminal. is begun that in Lender s good laith Judgment couid resuit
<br /> ''�, in toAeiture of the PropeRy or otherwise matedatty Mpair the lien created by ihis Security Instrument or Lender's sewrity interest t
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