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<br /> IO(:liliiliK �tiI'li{ all thr impru�rmrnts nuu ��r hrrrafter rrcrtrd �m tnr proprrtt. ana aii casrmrnc�. -- -- -- ,— �
<br />_,. ' appurtcnances,and fixturrsmm �in c�rraftrr a part uf the pvnpem. .aU rrplacrmrn��and additions shall also hr coti•rrcd . ,
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<br /> v � , � b� this Serurity lnstrumrnt.�li c�f thr forrgoing is refernd to in this tic�:urit�Instrumrnt as thr"!'roprrty�." . - �. <
<br /> i � BOEtRO1�'I;R t'C)l'F:\?►\Pti chat Hornx�rr is laa•fttU} scti�c�3 uf thr estatC heteb} ron�•r}ed and has thr rigtit to . . � ti` -
<br /> � grant xnd rum�r} thr 1'rupert} and that the Proprttt is unrnrumhcred,rxrcpt for encumhranres nf rcxord. Borron�cr .� ; . '
<br /> - <.-'-�° «arrants and uitl drfcnd genrra{1}the titlr t�the Proprrt} against al!rlaims and dcmancis,subj�:r tu an� CncumbrancGS , __�__ _
<br /> ��'`" . � uf rrcord. . . -. .. . -
<br /> � ' IHIS 5tic'L"RI"Il I\SI'Rl"�11:�T wmbin�s unifurm ro�rnants for national use and n�n-uniform c�n'rnants aith y
<br /> fimircd��ariati�ms b}•jurisdictian to conscitutc a unif�rm sc�urit� insttument roeCring rral propert). , , _ .' °�°
<br /> ;:' i l�`tl�nR\I('O�'E�3\I�S.Rorrorrr and f,ettdrr cucenant and agrrC as follous: � - ---. `:.
<br /> ` � 1.Pa�ment of Principal and Interest: I'repa�meni and l.ate('harges. Rorm��ch'shal!promptl��pa} w'hen dttr ' '
<br /> � .,:�:
<br /> ��' � the ptincipal uf and intrrest on thr debt r�•idcnccJ by thr�otr end an} prrpay mrnt and latr charges dur undrr the\ote. - :,..
<br /> j' 2. Funds ior Taxes and Insurance. Suhj�t u�applirahlr la« or tu x«•rittcn�eai��cr h} I.cndrr. Bnrrower shall `J `, �;f �
<br /> _� , ; pa} to lxnder un thc c1a� m+mthl}pay mrnta arr dur�mJrr thr\ntr until thr�atr:s paid in ftill,a sum ("1�unds")for. �, . e,�� "
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<br /> ' !a) )rarl} ta�c�s and •a.sscssmrnt�s nhich mx� attain priuritE ���rr this ticcurit� In�-r..rmrnt as a lirn un thc Yropert}�:(b) :;4,r� ..;' ,: .�
<br /> i: • �i }carl� lr-asrh��ld paymrn�S or ground rmts un the 1'ruprrt�.if any: (C) }eatl} ha.:'-.'�i ur propert� insurancC prerniums; `" • ;,.`�'°
<br /> �:� '! fd) }�ear1} ft«�d ins�eranrr prcmiums,if an}: (r)�r�arl� mi�rtgagr insutanrr prrmiums, if any:and(f)any sums pa}ahle `.`.,• - ;`;•,�.:r;'
<br />_��: � h� Hurr����cr to Lrndrt,in arcordance��ith thr pro�isiuns of paragraph 8.in liru��f thr pa}mrnt��f mortgage insurancr �.,.�;�:�• . � �
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<br /> , � rrrmiums, flirsr�trm�drr wllcJ"I;.�r�.w Itcros.°I.cndCr may.at an} timc,ce��.i�:xnd hnld f�und,in an amount not ,`����;x�` . „_ ,• r.^
<br /> tu r�rerd thc ma�imum em��unt a Irnder fut'a fcJrT'all} rrlateJ mnftgagc Iesa� �rta�� �cyuirc fur Horcoti�cr5 rscmn r� � '°"' '�
<br /> _tC. � arcount under thn fedaai RCaI }istatr ticttic-rncnt Procedures .�ct ��f 1974 as amcnded from time to time. 12 t�.S.('. ` : • ', '��,
<br /> ��- �� Scrtion 2h01 et seq. ("RFSP:1"),unlr��s anothrr la�. that applirs to thr runds sets a tesser amount.If so. Lender ma}•. j . . . °:�,.;_°�'`':
<br /> ;.� , � at an} timr,collc�:t and huld F=unds in en am�unt nr►t tu e�reed thr 1r.ssCr amount.Lendcr ma} zstimate the amount of ' '�
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<br /> � I�unds duc on thr hasis��f c�►rrrnt data and rrasonahlr ctitimet�iif r�;.cnditures uf futurc Is.�.-ro�c Itrms or othrrn�ise in � �1°.• •
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<br /> _ arrordancc«ith applicable laa. � `:<<.��
<br /> _ . , � 'Phe Funds shaU bn c�ld in an institution n hosr dcpe�sits drr in�:r�i h� a*�:;�al agrnc}�,instrumcntali�.or entit}� f �`?� • � •�f
<br /> � (including I.ender,if Ixnder is such an instiu�tion)or in any I�ed�r-a!�r��me I.c�:ee�ank.l.ender shall apply�tt�e Funds t�a � �"�'�;;:
<br /> `'4 pay the Escroa ItCms.LendCr may' noc chargr $orron•cr fot h���3:�g znd a �: in the Funds, annually analy�ing tl:e � .� , �"i•`t,'�"
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<br />,,.:wS esaon au:ount,or ti•erify ing the Escrot�� ItcKns,unless IxndCr�m;�i�xron•er'sz�,.erest on thc Funds and applicable lacs � ` :. ' ��; �: ?:.;t:�
<br /> r pecmiu Lender to makr s.�ch a charge. Howe�•er. I,er.drr may ra;s�rr Bo-r�r.:r to pay a one-time charge for an � , .,. ;
<br /> �� ' , .
<br /> ,,,,,.,,- inc�xpendent real rstate ta�;c�=cting san•ire used b}�I_rndcr in connce.-ti�n�.:t�:��•is loan,unless applicable la�provides �Ks�;' ;i _
<br />�' ,i '' ': • o;f:ecnise.l�nless an agreernrt is madc or applicablr laa�ceyuires iaterest�:,bc�aid, l,cnder shall not be rfquired to � • +• �
<br /> � ' pay Iiorroner ar.y interest or earnings on r,����unds. Horro«er and I.�der ma� agree in�vriting,however, that interes� ;; ',,�;'
<br /> ;{. . • shall be paid�.�.:t.Funds.lxnder�hal1 r:ir to Borconcti-,without charge,an annual acwunti�gof the Funds.showir.g �: '°��;.�,
<br /> i • crediu and dc�'v to the Funds and thr pu?�a5e for�vhich each debit w the Funcis was made.7ft1e Punds are pledged ss . �`` t:`'�`
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<br />_ � addiTional security�forall sums secured b}�thisSec:urity Instnisnrnt. . .�i��v
<br /> `�, � !f the Fur.ds held by Ixndcr exceed the am�nmts pCrmitted t�l+n c�ld by applicable law, l.cndcr st,a`;!account to . >•'f'-%'�
<br /> ' flnrro�cCr for the Cxcess Funds iu acct�rdancr�cith thr rryuiremrnts uf applicahlC la��. If thr amount of tAc Funds hcld ��'
<br /> `:,,;_
<br /> ' b� I.ender at ar; r,i*ne is not st�ffirient tu pa� thr Issctuw Items�chen duc.I,cnder ma}•so notify�Borro�ver in�vriting. ,
<br /> ��' and, in such casr$urrnevec shall pa�• U�I.ende�r thr amnunt nerrssars to make up thc deficirncy. l�nrmaer shall make •
<br /> :;��. : � . up thc deficiency in no morc than tw•el�r monthl} pay mcnts,at I.rndrr'.s s��lc discretinn. :�"- • r��r,'.;':
<br /> `•�';�i. � � l'pon payment in fu`�af all sums securcd b�� this Sr.�urity� Instn�ment,lxnder shaU promptly rCfund to Rormwer ;�,:.�:�. . -
<br /> ''�%t;�'�'�• � nn� I�unds held by Ixnd�. 1�. under paragraph "11. l.ender shail aryi�irr or seU thr Yroprrty', I.cnder, prior co che ;��'�,:�ry" ';�"�'`
<br /> -`�� �� xc4�ii�ition�r salr af thr I'r��pert}. shnll appi}�an5 l�imds held hc ixndcr at thr timr of acyuisitinn or sale as a credit ''r�t��;.��,�' . ., •...
<br /> �t� • against the sums secured by�this Securie� Instrumcnt. `� .-j�;�
<br /> . � �� � ;
<br /> � � 3. :�pplication of Paymenis. L�nles.s appiicahle lan•pm�-i:]..�ather«•isr,ail payments received by l.ender undrr { ,,,. ,
<br /> ` ara hs 1 and 2 shall l+e a lied: first,to an r �.ti r^rnt cr.�:�-s due under the�ote:second,tn amounts a able ' i �,�, `Y`:�;'
<br /> `� ' P �P PP 3' P CP . .. ,� P Y .
<br /> � � �� . �.:�.�;r.paragraph 2:third,to intrrest dur:fourth,to pri•r.c��l Jue:and last,w any�late charges due under thr\�te. ,��,r���'�, '`'�.�•
<br /> .; � :.�. 4. Charges; Liens. Horrem•er shall pa� aU ta�es. a�.sc:�smrn�s, charges,fin�and impositions attrib�ltablr to the . .
<br /> ••�'��� � � .,,:' Ytoprrty� n::'sc?�. may attain pri��rity� oeer chis Sr,�urity lnstrumrm. and lea.�chc�ld payments or ground rents, if a.�ti.
<br /> ''� � ' %�x� i3c�rro�ver st..a`. psy these nbligations in thr manncr procidcJ in paragraph 2, or if not paid in that manner. Aotroc.� • �� � .
<br /> ;.7.:.�:,• �::.,.5 r ' � . J: f. :. :
<br /> , 4i r shall pay thr:rs�:r.time direi.�t1}•to the person oa ed pa}mcnt.N��rrotcer ShaU pramptly furnish to Lender all notices a. �.:�,.`„ .
<br /> �;'�,��,.: :
<br /> :�'���„`"�. .. P P' R P P y S P P Y ';;'
<br /> � amounts to be aid undCr i4�.is ara ra h. If Hc�rrut�er makes thesC a mcnts di recKl�, Horroaer shail rom tl furnish .. i.�,S�,
<br /> ' '�j''��`'� • � ro I,endcr r�:eipu evidcr:�i:�g the pay�ments. � �
<br />--:;::;y��,= ' . : � .
<br /> '• ; ° $onoiver shall promptl}• discharge any lien «�hich has priority ncer this Security Instrument unles.9 Borrower. (a} • •
<br /> - =•:j agre�in writ�r.g to the payment of thr abligation secured by the licn in a manner acccptablc tc�lxnder; (h)contests r.n ..' ...:;,
<br /> f gi�e�d faith th= li:n h}•,��r defends against enf��rcCmem��f tht lirr. in, legal pt��crxdings tchich in the l.ender's opiniar: . :i';��;i;::
<br /> - . ? operatc to prrl•ent the nnforcament of the lien:or(c)securt�ftom the h��lder of the lien an agreement satisfactor} to •
<br /> ���.:�'. .� ` . ' Ixndrr subordinating th�lien to this ticc�►rity lnstrurn�r. 1P l,cnder determines that anp part of the PtoFs,.,r.} is svbject .;;,•.' �
<br /> -.::,;i. • tc>a lien ��hich may attain pri�rit� oti�er this 5ecurit� �-�s-rumcnt.Ixnder may gi�•e Horrower a notice i�e-�tif3•ingth� . �
<br /> �•°;r ,• _ �;�:• lien. Hc�rr��a�°r�".�l1 satisfy�the lien or ta4e�mr ur rr.orc of th: a�tions set forth ahn�•r�eith�� 10 da}•s of the giti•i�g vF
<br />_ . . _ .;:r�f notice. ! •
<br />`°f��5i,-;; ' .� Form 302L 9/ 0 �';;_;;:"
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