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<br /> TOGBTH�R WITH �II the improvements taw or herxafia erxted on the propeny. u�d �II eascmenis.
<br /> �ppurten�nce�,�nd fixtunes now or hereafter a put of the prope�ty. All r�pl�ements and add�tlons sh�ll also be covered
<br /> by this Security Irotroment.All of the fongoing ii raferc�d to in this Security ln�tnunent ns the "Propecty."
<br /> i3ou�ow�R Cov�r+�nn thu�orrower ia lawfully aeised af the�ststo htnaby conveyod and has the right to grant And
<br /> convey the Propeny and t1►u ►he PcopertY ��unencu�nberaJ, exa:pt for enc�ambra�xes of record.Borro+�•er wgrrant�und
<br /> will defend generAlly ►he Ntle to the PropcnY a8alnst all cl�►inb ux!dem�nd�.aubject to my encwnbrances of record.
<br /> Teis SecuRirr INSTauMEr+r combine� uniform cavenuiW for natio�a�l u�e and non-umform covenant�v4+lth limtted _
<br /> vuiuiotu by jurisdiction to conatitute a untfarm sauriry instrument•covedng c+eat pmpeay `
<br /> UNi�Covr�.r�hNrs.Borrower�ed I.ender ooven�nt u�d�gra:as follaws:
<br /> 1.PsymeM ot PrinclPd�nd InRaYett �WYro�t wd L�te Ciuuxes. Bomower shall promptly pay wben due
<br /> the princip�l of and tnurat on the debt ev(dcnced by the Note anQ any prcpa.ymrnt�usd I�ta charga due uader the Note.
<br /> 2.��4 tor'1'�xa�nd Inwnace.Subject top�plicabte la�x or to�wtltta�waiver by Lender,Borrower shal.l pay
<br /> to Lender on the day monthlypayments ate due under the Nae, uwtil the Nato is p�id in full,e sum("Funda')for: (a)
<br /> yeuly quces md �ussments which mxy�tt�in priority over this Seciuiry Instrumrnt as e lien on the Property: (b) Y��Y
<br /> leauhold paymena or ground rents on the Pcopeny. if any;(c)Yenrly hizecd or pmperty insunace premiums: (d)YeartY
<br /> fload inauru�ce pnmiums�if u►y: (e)Yeuly mortg�g�insunuke promiuna,if�ny: ujd( any aums payable by Ebr[ower _
<br /> to Lender, in accordanoe with the provisions of paragr�ph B, la litt� �of ihtp�yma�t o�mortaage insunuce prcmiurru.
<br /> Tl�ae iteau ue cillod'Facmw Itam.' I.a�der m�y. �c aay tiooe.colkex nd bold Funda in an wwuat not to e�c�ed tbe
<br /> fedsnl R�� .�lerement Procedur s Act�of 197a4 aes�amar�dcd f�mm tt�tne Bo�Nme��12 U C•�2A601�sM.
<br /> ("RE5PA'). ualai auother law that eipplip w the Fwids sets a lesscr�maunt. lf so,L�r�ay,st any time.oollect aod
<br /> hold Fanda in�n�t not to eaceed the lesser uraunt.l,ender miy estimuo the amount of F'unds due on the basi�of
<br /> curnat datn�aff ressoa�bk esHmatd of expeodituces of futum Escm�tv lt�+za or ottierwisc in aaardu�ce with applicshle
<br /> law,
<br /> 'i'6ee Funds shall be held in w institution whose depwiu ua lasurexi by a faderal ageary,lnsuumenality.or eatity
<br /> (iacludipg I.eader.if l,a�der i�such aa institution)or in aay Faks�l Hnmc Low Bank.I.en�er sbaU apply the Funds tv
<br /> pay the Facrow Iterni. [.rnder may not chuge Borrower for hold' aod applyiag the Fuad�, �oawUy walyzina tbe
<br /> escmw�ocaunt. or ver[fying the Escmw Items. unlaa I.ender WYa�armwe*i�►tenst oa tb�Fund�and�pp1�for�an
<br /> permits Lender ta m�lce auch a chuge. Nowevar, L,a�der a�ay mluun Bomuwer to pay a ane-time char
<br /> i�nt real atate t�uc ttiportina setvia t�sed b1► l.endet in connecxion with tbis lan, unleu appliead�k liw�pmvldes
<br /> ai�ri�e.Zlnku�n a�rament is m�de or�pplic�ie law roquirm icNec�t ta be�aid. L,eader ahill aa be cequired top�y
<br /> Borrowu�ny interest or e�min6a on the Fuads. Borr�nwer wd Lender r�u.y�nee ui wndng.however�that iatenst atull be
<br /> paid va the Fund:.Iaader shall give to Bocrorver.wltLout chuga.�n�nwl of the Fun�is.�owiag crediu aod
<br /> debita w�be Funda aad thepurpose for whjrh exh de�it to ttx F�ds wa ��. e���p1�i8�d��itio�l
<br /> secudty for all sumi ucured by this Securi�Insteumeat.
<br /> lI[be Ftlnos i�eiu oy i.awi6i cx�ccv Lw .�,.�:3� �T.'�::'.'..L�S�1�S�!!��lsr�hl�t�sy,�x�L�r sha51 rrnnnt�p ,
<br /> Boerower for tbe exceu Funds in aococd�oce with the coquirement�uf,�pplicsbk law. If the aavount of t}�Funds held by
<br /> L�eader at my time is not suf�'ick�t topay the F.scrow Itea►s when due, �may su mafY�irowa in writin8+aod.ia
<br /> auch case Bomowa sl�all pay to La�der tho amount necessaiy to in�Fr,�up tbe deficieacy. Bomowa ah�il m�ke up t2�e
<br /> deficieacy in no more thao twelve awnthly payments.u I.ender's sofc discretion.
<br /> Upon paymeat in tuli of ali sumti socurod by thia Security insvument.L�der ahall promptly tefivad to Bon'ower
<br /> any Fuods �Id by L�et�der. If, under puagraph 21, Iralder stull ar.quice or sell tl�e Pmpaty. Leader, prlor to the
<br /> acquisu�an or s�te of the Pro�erty, shal�app1Y wY Funds}xid by i�efxler ac tlrc time of aequi�►tioa ar snle a�a credit
<br /> . �i�st tLc auma secured b�t�s Becurlty rn�t.
<br /> 3. p� af Pa�l.. �Tnlese s�p�icabk�aw provide��.�hawi�e. all wymenu ceoe��ea by Y.wder rmder
<br /> �AI_�nd�2�alull be applied: firat. to anY P�Y��� dut under t6e Note:second,to aaaunts payable
<br /> �2t Wird.to inta�est due:fourth.to�xincipal due:�nd'txst,to a�late civaa due wder tbe Note.
<br /> -_ "4,� "1Mr�es; l.ia�e. Bomower shill pa�sl9 rtaxes. �aseesmetW�, dar8ea. fines uid i�r�s►sitions at�ibutable W tLe
<br /> : �'�riY �'� �Y �pdority over Wis 5ecurity Insuumectit�•,an�i laxhoW pryments or arouM reaw� if�ny.
<br /> Horrow�u st�ll ay these obl��tioos in the ztuwnet prnv�ded in pat��2.or if not�id in th�t imm�er.Bormwu t�all
<br /> � pay them an tim�diroctly to the peison owod p�yment.Bormwer al►�! prorapcly tumish to L�ader all notias of auwaat�
<br /> 3 tn 6e p�nd aander this pu�graph. If Bormwer m�lceu these paymcnts ditaxly. Borrower shall prompdy furniah to I.eader
<br /> �+eaipts ev3deacing the paymeats. ,
<br /> � Boim�ver a6a11 prnmptlY duch�rge any aia��which h�a priorit��over thi:5ewrity in�tniment uWesa Bormwa: (x) —
<br /> agroes in wdtin�to the p�yment of tLe obligation savrod by tbc�lrEn in a mu�ner aoaptable to I.eader:{b)oontat: in
<br /> ,� good futh the l�en by, or defwds sgaiast enforoecneat of the Nta itt�► lebal procoodin� which in the L�ender's opiaioa
<br /> nperat�e to prr+wt[he enfocnemeat of the lirn; or (c) xcure�from:the holder of the tua an�groement satisiaccory to.
<br /> � L.eader wbordinatin�the Ika to this Secuurity Inswmenc. If I.ader d�et�rmines that�ny wrt o�tLe �s subjoct to a
<br /> ec
<br /> �ipi which mry �ttain prariry over this Security Inatrumnt� I,ender miy give Bormwer a aotia)dea fyin;the liea.
<br /> � � gorcower atull s�tisfy the Ikn or take one or moce af the action+set forrsh�bove w�thin l0 da�a of ttse aivi�of naia.
<br /> S.ELard or Property Insun�oe. Bonmvcr shall koep the iragmvemeats now existuig a besr�f�te,r erected on the
<br /> Rroperty insurod qgainat loss by fira, ha2arda includod within ttie trnn "ea�aded coventge' aad �ny other hu�c�da,
<br /> Fo�3osa 91a0/pap�2 0/61
<br /> � OAMtERS SYSiFMS,INC..ST.CLOUO.MY 6/90111-t00�997-]�411 fORM M0�1�IIG 2J6/11
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