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<br /> � - -- Ei'E�R wTf�t all t� iovemeats noar or ite��on the pr�pem►,�all easemeata.8�pptutenances.
<br /> �p�{ lmptovem
<br /> . � �;� ` fixcures now or hereaRer a patt of the prop�ty. AU zePtacements and a�didons s�all also be oovered by tt�is Seautty
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<br /> �.�-- Insuu�neat.AII of the foregoing is�efern�to ia this S�uritY Instaument as the'PropertY•� ..
<br /> :::-, < BORAOWER COV�NANTS t�at Hartowet is tawfiiliY�04 the�tate 1�cet►7'conveyed and itas tLe right to graut and
<br /> . convey the Prapen�and that the Propert5►is unensnmbaed,eacept fos encum6:ances of record. �omower wanaats�d will -
<br /> � QefeaQ genera�l►Ws`tide�tu the Properts►a8ainst a�l claims an�demaads.subje�t to-auy encumbranses of tecord. ;�
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<br /> Tgi�3:SECI3R1(ti"1f'INSITtUMEI�'P combiues�mifoim►wvenants far nacianat use a�non-imifa:m covenants witL limiced �. _
<br /> :,`s,��„.>�,�. var�atians by��t1i�n to caastitute a unafa:m securiry ins�um�t ooveriag reai groperty �".`=.
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<br /> U1Vl�Q�D4r COVENAAITS:Bomowet aad Lender oove.nant aad agtee as follaws:
<br /> ,t.`, r 1.'lPayme�t of Piiad�!an�Iate�PrepaYmeat an�Late C�ar�. Bormwer shall pmmptlY PaY'wbt�o,dne ttie ��
<br /> � �� ,r . and late cbaFges d�e imder the Plat�.
<br /> °�. priacipai of�d iatetpst on the debt cvidenced by the Nate and aaY P��
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<br /> � Z.Fi�ds for Tages and Iasarance.Snbjecx to applicable law or to a wriaea waiver by L�eader,Barmwer sbalt pay to
<br /> ,`�,:�':' leader on tlte daY montIItY PaYments�e dne undet tfle Ptate,uat�ihe Nou is paid in full,a snm(`F�mds')for.t�)Y�Y�
<br /> --:: j�,:.;';�, � ��w�h may a�in prioriry over tbis Seauiry Insat�as a lien oa the Pcopeny;N)Y�Y ieaseho2d paym�ts �r
<br /> ;' ' • . or graand rents on the Fropeny,if aay:(c)YeaziY ha�ard or PmPertY�P���d�Y�Y�ood iativra�e premiums,
<br /> �4 `: .{;' . if aay:(el Y�Y�rt�insar�ce p�em�ums•if�y;and(t?anY s�P�2e bI►Bosmwer to Lcade'r,in scootda�ame with .
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<br /> �� ,. . tiie provisions of paragraph 8,in Ueu of the payment of martgage iasu�ee Piemiums•T6ese items are called'Esscaw hems.'
<br /> -- Lender may, a�any thae.collea and hotd Fuads m aa ammmt nuc w eaceed the ma�d�vm amouat a tendec far a fedesallg�„ , �.
<br /> '`°� teiated�mortgage loan may require foi Borrower's esaow accaunt im�r t�e federal Real Fsstate Seal�eat Pmcednres ACt df. . �
<br /> ,,�.: �;:;�-. l�ra as ameneed rmm�me to tm�.12 U.s.c.secuon z6o1 et req.r�a•)•��aaother law a�at applies w the Fnuds =
<br /> • e,r �81CSSC!SIQOUIIt.�Oe�.C�dCr 1Il�yl.8f�]I l�E.COII��hOld Fll11QS 1D 8II�IIoL t0 C7[OC�ff1C ICSSCT 8TDP11I12. -
<br /> ;,,;.����,�.�:;;.;"'� Leader may�.snmate the amoum of Fnmds due oa the basis of cu�nt data and reawnable es�mates of expeudiau�,s of fut�c F
<br /> , . Fscmw Items ar oihe�wise in acoocdance a+Itb app�icable Iaw.. ' � � � _-
<br /> � TAe F�ds shaU be held in aa iastiauion whose deposits are ias�ed by a fedetad,ageacy, iaswmentalit�+, or e�tiry
<br /> ,� (�ng Irmder.if Lender is such an insdtatfia�)or ia aaY Fedesal Home Loan Bank.i�shall appli►the Funds to pay tbe __
<br /> '' .; ;' Fs�mw Items.I�ender may not chaige Bvtrower�or holdi�g and apphrinS the Fimds.a��atYunS the e�row acxaumt,ar .
<br /> •`' "•"�.��'' . ` rrower inter�t on ths F�3s�1�pPkcab2e law permits I.ender w mage sacb .. -
<br /> . `.< ves�Yjng the Fsccow Items.naIess�,ender Pays�i � �
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<br /> - ' . `% a c�,However.l+ender maY ceit!�ir�fla��'�LO Fa3►a one-time charge.�'ai an indepeudent r+�al e�tate mx reportm�service . __
<br /> � '--. �r....1.�s �w. ..n,..�.ino n*hwariw.�1Sntr�a en aYrP�ment is�mZde Of
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<br />..,I�'�,'.;��Y•.: �:�t' $��'s'KW�. 1QiYitF7�nter.est co'I�paid,��s1�a11 not baz�quired w PaY Borrower.a�j iacese.at or ea�aaings aa��3ie Fnnds. ��:��-.
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<br /> ,; a;�� :, B�aad Leader may agcee in wridng,'hi��ever.that interesc shaD be pai8 oa the Fdads.Ixnder shall give to Bosrower, ` -_
<br /> :,; ;f,�g`.. withaut c�a�ge.an aanuai a�auaring of die Fia�ds. showing crediu aad dei�its to the Fimds and th�pu�pose for which eacb =-
<br /> . `.uk?� debit w titse Funas was made.The Funds are ptedged as addidonal sec�uiry for aU snms secared bY this Security Insaument. �
<br /> _ � - --T If tbe Fmids Iield{ry l�ader exceed We amounts permnced co be betd by�e taa+.Leader sba31 accaunt te�orler �
<br /> � .. . °'z far the excess FuaGs ia accordauoe wltb the s�quirements of applicab2e taw. If the ammmt of the Funds held by Leader xt aay '.G:-
<br /> ::`Y.'.' ' ti�e is nat sufficient to pay the 8scrow Items when due,Lender may so notii�t Borrower ia wrlting,and,in sucb ease Bormwer . _ _
<br /> • . ''•h �t�all pay to Leader the amount aecessaty�to make up the deficiea�cy. Borr�v,��er sh�U make up the de,ficieacy ia no mon thaa `�
<br /> . �.� twelve montlilY Paymeats,at I.ender's sole discresion. . ^
<br /> '�t1Pun paqmr.nt in tWl oY aU sum9 secuned bY this S�ty► Ins�,�Lendes st�all PmmPdy refund to Boirower auy " �
<br /> . Fund�E�eld by I.eader.If,undor para�aph 21.Lend+ei sbatl a�qt�e os se1!Qse�FroPerAY,8:�ader.Prior to ths a+:c�or sale ��°
<br /> ., • • + sha11 aPD�y�Y���et0 by I�ender az titee tic�e of ar�qnnisition or sals as a cre�dit agataat the su�c s�1ry ��
<br /> `r;; of tt�ti�uperry• en � _--
<br /> . ;?s thisSr�Y Iasuument.� ' received bY Leader w�der Par�aP�s r=.
<br /> . ;. �.' ,t;;i? ��.Appiieatian of Fayme�.Unless apgk�Ie taw prm,�t�es athemJi�.all Qaym4ats �
<br /> . � ; 1 and 2 sba11 be applied:fisst.to az►Y F�P�����due uuder the lvoie;secaa4 co amouats payable uader paragrapb 2: �-_.
<br /> ' • � thud.w inte�+est due:fourtb,to principal due:and last.to any late chazges due under the Notc. --
<br /> � �. , . 4.Cba�cs:Lteas.Bo�rower aball pa�+a11 taxes.��am A,c�rges.fi�es aad imposldans atadb�abie to the Pcoperty . ["-
<br /> � � which may►attaiu.pli�rlry over tDis Seturtry iasnument. aad leasehoid ga�r.nents or giound tenrs.if aay: Boacwer sbaU paY �:;�
<br /> h 2.or if not atd 9n�ai:maaue�.$orrawer sball pay them an time ditestly � €'�+-
<br /> � these obligatioas i�tic�e manmer pmvlded ia parsgl'ap P [�
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<br /> � ' to the perswn oa►ed payment.Boiiower ahall Pma►PQY�b to Leader a�F�adces of ataounts w be paid uadet this yaragtaDb. � ;,
<br /> � . •. : If Bamnwer makes these paymenta di�ec[1y.Borrower shall P�P�Y�b�to Lender receipu evldencing the paymeata.
<br /> - . .. � tl d aa lien.whfcb has prlorlty over tbis Seeurity lnstrument ual�x Bonower.(a)a�rces ia �1
<br /> . . ;; Betmwer s6a11 promp Y �SCd�arge Y
<br /> ., '`; wrldng to the p�yrm�t of the obli�adon secutod�y the lien ia a mmmer zaoei4mble ta Leader;(b)coi�rts in good faith il►e lien r..
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<br /> . . � �"'' ��'�. byr,or defenda again�t enferae�em o!the liest•�, tegal proceedinga w?;tr�►iA the Lender's apinic��opsrate to pnvent the f,
<br /> ,Y �.:.�� : entorCement o!the lien;or(c)se�ues from the hotder of the lien an agreemeat satisfastory to Lender subo:divating ttie lien to � . �,
<br />- � thia Seauity tasaument.If Lendsr determines that any part of the Property�a snbject to a Itea w�ic3�may attain prtoriry over {
<br />_ - ' this Seauity Insaumeni.icad�r may give Borrower a notice ideniltjring the llen.Bo:mwer shall satisfy thc llen or tage one or k;
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<br /> mose of the aqions�t tarth a bove w l t b i n 1 0 d a ys o f t he giv i n g o f n o s i c e.
<br /> , ; . Farm 8o2s 9/80
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