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<br /> . . � seised of the estate hereby oomeyed and has the right to `, �� _ _.
<br /> . '1 BORROWER COVENAN'I'3 that Bonower is lawfully
<br /> � ` grant and oomey the Property aad that ihe Ptoperty is uaencumbered+e�ePt for eacambrances of reo�id. Borrowei ``T ',`" �_,z
<br /> , ` `� warrants a n d w i ll d e f en d g e n e r a l t y t h e ri t l e t o t h e P r o p e rt l+a 8 a�n s t a l l d a i�s�demands,su t�ea w any encambraaces � ..
<br /> ." 1 of reooid. , � ' � .
<br /> - - , 't�IIg SECURITY INS1RUlJ�IT cambines nnifarm covenaais for national use and aon uniform oavcaaats with .
<br /> � � ' �imi.ted varisuans by jurlsdict�on to constitute a uniform sec�uity instmment cavering real proPertY• �A . , , ,
<br /> �
<br /> ..- • . . ,..' ,
<br /> � UNIFORM CO�ENANTS. Bormwer and Leader covenant and agree ss follows: � . .,.:. ° .
<br /> � L Paym�of F�astpal,Inie�t and Lats� Bortower shall paY wl�ea dne the prindpal o�aad interest� �, (
<br />- ` - on.the debt evidenced bq the Note and late charges due under the Note. , . ,..... �
<br /> - .--- Z ��y paym�t of'I�es,�n�s and Othra�arSes B°�+Er shall inslade in each monthly paymenb G9 - - L�__.._, ,.
<br /> ,. ` '.i together with the prtacipal aad interest as set forth ia tLe Note and any late ct�arges,a sum for(a)taxe�and special . ,.... ,
<br /> - assessments t e v i e d or ta be le�i e d a g�i n st the Pm p e r t Y+l b)leasehold payments or g.�ouad reats on the PropertS'.aae .�c:. . •
<br /> _ �•�� �cj premiums Eor insfuaiacc required under paragraPh 4. In any year in which tt�e L�ader must gay a mortgag , ._. . . . ,
<br /> ts
<br /> � , insuiauce preminm w the�reta�y of Housing and Urban Deve2opment�Seaetacy�.or in any year in whlch such -. . . ,
<br /> _ �;� � premium aould have been required if Lender st�i held th$Se�urity Insuament,each tnont6ty paymeat sbali also , •
<br /> . '�. inciude either.(�a s�un for ttie annnal martg,age insurance pnmzum co be paid�y Leuder ta the Sccretary.us dii)a (.: ,,:� .
<br /> '� . . uQOnthly cbarge instead of a mortp,�ge tas�raaoe ptem[um if t6is 3ecurlry Itssttument Ls hela try ttte Secretacy.in a . . _
<br /> = the Secretary. FBCept for We monthly charge by thc Secretary.ttiese items
<br /> reasoaabte amonnt ta 6e dete�ed bY � ".��,`;�
<br /> `;�: ,� ' `. are ralled"Escraw Items'aad the sums paid to I,cnder are c�ed'Facrow Funds.' . _
<br /> Lender may,at anl►time.collect and hotd amounts for Escraw Items in an aggregate amouat ant to exoeed the ��`"g_-
<br /> � ' ma�dmwn amount that may be required tar Borrowe�s escrow acnount under ttte Rea!�state Settle�neut Procedures ;.t _
<br />- �" Act of 19r14,12 U.S.0�Zb01 et sea.and implemeating re�ulatIons.?A CFR Part 35U0.as ihey may be amended from .� �s
<br /> � � [i me t o t i m e("R E S P A').e e�c c e P t t t e a t t h e cashion or resetve permitted 6y RFSPA for unantldpated disbarsements ar s�,�^;
<br /> e not 6e bas e d oa ataoun t s d n e€o r t h e
<br /> ` disbwsements before the Boaowe�s payments are ava�able iu the acc°u°t may. ':�-
<br /> morcgage msurance premium.
<br /> � �;i 1f the amonnts held by Lender far Escraw Items�ed the amonats permitted to be he2d iry RESPA,Leader shall ..�:�.;:�"
<br /> �'
<br /> '`. I accouat to Bouower for the escess funds as reqnired isy RFSPA. If the amounts of fuads held by Lender at aay time • �. .���
<br /> . . . � are not so�dent ta pay the Fscraw Items whea due.Le n d e r m ay n orify t h e B o r r ower and r e quire Boaawer to malce � � wt
<br /> ` s�nitted RESPA Y �.'�,�.�..` -
<br /> ,�. . up We shortage as pe bp �.;:�'``::
<br /> The Fscraw Fonds are pledged as addittonal seautty for ali snms secaied by this Se�aul�y Insuument If Bortawer s;� ��
<br /> ;:: • . .
<br /> ;'-, � tendess to L.eader the fnll payment of all sucb sums.Bosrawer's acco�t shall be credited wIth the balance remaining -;>-":�i
<br /> ' � far all installment items(a),N?.an�1(�)aad anY mortga�e insnrance premium installment that Lender has not iseaome ".:�:�=,
<br /> ,` � ' � ' w t h e 3ecre and Lender sttall pmmptly refnnd any exoess fuads to Borrawer. Immediately priot �a'"�
<br /> � obligated to pay �Y• �`'
<br /> � : ' to a foreclosure sale of the Property or its aaquisition by Lender,Borrower's acconnt shaU be credited w i t�any b a l a a c e . . �;,�.,.:
<br /> .._,r =�
<br /> ;.:' remaining for aU installments for items(a),(b?,and(c). I.ender as follows: -� '` �?�.;_
<br /> . g of Paymee�ts. All payments wtder paragraphs I and 2 shall be applIed by _
<br /> � ���mortgage insurance premium co be paid hy Lender to the Secretary os to We montffiy charge by the ''�•.;::�,
<br /> � � Secretary instead of tfle montWy mortgage insurunce premiwn; . ; `a�T`
<br /> ��'' SECOND to any taxes.sPe�al as��ss�ents,leasehotd payments or ground rents,and fue,flood and other ha7ard :•�`���-.
<br /> . : . insurance premiums.as reqnired: � ":=n
<br /> THIIiD.to interest due under the Not� '`''`
<br /> `��� � � FOUR to amorti�at�on of the prIncdpal of the Not�and . ��'"�•��"
<br /> � :�::
<br /> : . � �to late charges due under the Note. f '; :�
<br /> �� qy g�,pl�d and plher�lazaid Insatano� Borrower shail insare all isnprovements on the Property,whether "��'�_
<br /> `'` . now in e�s[ence or subseqaeatly erected.aP,ainst any hazards.casaalues.aad ooatingencles�inciuding fire.for wl�ich . :,{,R
<br /> " � Lender requires insurance. 'I'his insuraaoe s�1�De maintaiaed ia the aanonnts aud for the periads tbat Lender , -_?�,
<br /> t�'�,:- ' ' requires. Boaawer shall also ingure all ia►provements on the Property,wheWer now in esistenoe or suDseqaently
<br /> � . . . ereceed.ag�inst lnss by floods to the estent required by the Secretary. All insnrance sball be�rled wIW compani�s ..
<br /> '�, ' • , apprcrved by Lendes. The insurance polictes and any renevvals sba11 be held by Lender and shall include loss payable
<br /> � claases ln favor o&and in a form aooeptabte to,Leader. roof oY loss if not
<br /> -,`��, In the event of loss�Borrower shall give I.enQer immediate notice by ma�. Lender may make p .
<br /> ' made promptty by Borrower. Each insarance oompany concemed is hereby suthorized and directed to make payment ., ..
<br /> for such loss dlrectty to Leader,instead of to Borrower and to Lender jointly. AU or anp part of the 9nsnrance . . .
<br /> _� • proceeds may be appHeA by Lender,at its opt�on,either(a)tu the reducHon oY the iadebtedness uuder the Note and . .
<br /> . • thls Seruriry lnsuameat,Hist to any delinquent amounu applied in the order in paragraph 3,aad tYien w prepayment
<br /> . of priacipal,or(b)to the restoration or repair of the damaged Property. Aay applicat�on of the proceeds to the
<br /> principal shall not extend or p�stpone the due date of the monthty payments which are refeaed to in paragraph 2+or
<br /> {;::. change We amount oY such payments. A�►excess insurance Prooeeds over an amount requireA to pay all ontstaading .
<br /> i a d e b t e d n e s s under the Note and this Security Insuument shall be paid to the entIry legalty entitted thereto.
<br /> _ 1 In the event of foreclosure of this Security Instrument or other uaasfer of title to the Property t h at e x t i ngu�s hes .
<br /> � � the lndebtedness, all rlght, title aad lnterest of Bonower in and to insuraace policIes in force shall pass W the .
<br /> pnrchaser. ��on;
<br /> - _ . . �i s p�oy, p���On, Maintenanoe anG protection ot the Pcog�rtyr, Botmwci's Loaa APP . .
<br /> . Leas�holQs. Borrower shall occupy,establish,and use the Properiy as Borrower's princtpal residence wilhin slxry days
<br /> �``'� aiter the execution of ttils Secutiry Instrument(or within sixtyr days of a later sale or transfer of the Properry)and shaU .
<br /> wntinue to accupy the Propetty as Borrower's principal residence for at least one year after the date of occupan4y.
<br /> -.��,. . unless Lender determines that requirement will cause undue hardshlp for Borrawer, or unless extenuating •
<br /> , , � circumstances e�dst which are beyond Bonawer's control. Borrower shall nodfy Lender of any extenuating i
<br /> .-;�.' ' NFBR/�4KA�-l�lA DSHD OF TRUbT � � .
<br /> - ' � � na�.mee�sy�tcm�,mm(600)6aatJ62 Page 2 Of 6 �.
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