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<br /> `��.�_�; RE-RECOROE� ��'O8 v� 9'�'m��a���
<br /> � ( � ".� =i �WTPH all the impm ow��eaftea eiected on the pmperry,and all easem�t4,�ces.and
<br /> . .. ;� Fnmu�s aow on c��eaRer a g�rt of t�e pmpeaty.Atl rep1aoameats and addidoas shall atso be oove�ed bq this Sec�ty Insmvmpu.
<br /> �� � AD o�the faRegoing is rEfeared m in tLis Sewcity Insttnmeui as the"Piopesty.°
<br /> . ,:,,f� BORROWER COVENANis tbat Bonower is iawfully seised of the estate hereby canveyed aad bas the right w grant and
<br />_: , .�.� convey the Pt�oYt�r aud thai the Property Ls unettcmn6aed,e�ccept for encumbrances of recard. Bomawer warsants aud w�71
<br /> .tY--. __--�<._.. defatd gpteta11Y the title w tt�RoP�Y�alt claims and demaAds.subject to any cnam�araaces of re�wrd.
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<br /> . . .. : � . T�S SECURITY II�1S'IRUIV�NT combines unifosm cavenants for national use aad non-uaiform cove�ants with Eimited
<br /> ,. ,� - varistions by jtufsdiqiun to wasatute s unifolm securiayr ins�ument Covering real propertyr,
<br /> . .. - UNII�QRM COVENAI�PiS.Borrower and i�ader cflvenant aad�ree as foIIoas:
<br /> , . .. ._' , t.Fapmwt ot Frfncipai au0 Interest;Prepayencat and Lste C�ar�e� Horrowei s6all pmmPUY Da3+ wiien dus Ihe
<br /> _ � pstnc�al of and intsxest un the debi evIdeuexd by the Natc�d any preyaymeru anA tate d�arges d�e�md�tke Nare.
<br /> �f �• B.Ftmdsfor7'�aadgasurauoe. Subject m appltcable taw or tu a wriuen vvafirer by Leadrr.Borrower sP�ll pay to .
<br /> � � Lcad�on tue day mont4ly Qaym�rs are due mider�Ae Note.unW the Not�Ls p�sid In fall.e sum("Fuads"�f�:(a)Yearl!►t�es
<br /> � � � and assessma�ts whfch may aromin prioriry over this Seciait�r Insd�umeat as a lie�on the PraP�jr:(b)Y�+Ieasehotd paymeats
<br /> . . or gintmd�nts on t�e�►npeity.if anY:(c)Yea�tY hazard or PmPerty►ins�ra�ccs D�mima�(d�Y�Y��ce
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<br /> � , . �Y:(e)Y�Y iuortgage Iasivance piemiams.if aay:mid(f�aay sams P��s.if
<br /> , � provisions of paragzapA B.in liea�of the a ���b3'Baaower m Lauder,in accerdance witb the
<br /> ` P Y�t of mortgage ins�ance premiuias.Zhese ite�as ace caIIed"Fsauw Items."
<br /> � ..:•� ' . ` Lcades may.at any�me,collect aad hoId Funds ig aa amount aat tu excePd tLc maximam amo�i a�der faz$fedaally:elsted
<br /> , mottgage Itian may ceq�ire for Bonower's es�ow aa;o�mt under the federal Real Fstate Set�neat Rocedu�.a Act of 19�4 as
<br /> � amr�ded from 1'nne to ame,12 US.C.SecLion 2601 et seq. ('ZtESPA°j.�mtess aaoit�ri taw that applies tn the Ftmds sets a lesser
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<br /> . . � fi ama�L If so.L�dmr may.et mry t�e.coltect aad�old Funds ia an amount aot w eaceed the Ies�smoura.Lendea may
<br /> � �e the amount of Fands dne on the ba�as of curr�►t dara aad r�sonable esma�es of�of faaue Bsiaaw ILems ur
<br /> � . alLawise in acoorda�tce a+itD applIca�ts iaw.
<br /> " � The F�ds sLaD be hedd in�mshmtinn whase deposits are msrued by a fede�al age�cy.�s�umea�tality.oz eatity('me�uding
<br /> �,-... �-: Leadea,if La►der is sm:h an�n or in �
<br /> .. .�. P ) aa9 Fedeaal Iiome Loan Bank.I,ender sLall�ply 8te F�ds to p3y the Fs�w �
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<br /> Ioems.I�adei may nat ch�ge Boaou�r for tio2diag and aPPh�8 the F�ds,aanuatIy anaty�g the esaow accaunt,oz ve�fYmg
<br /> }Y��;` � the Escrow Ioea��les4Ir�da Banawer 6i
<br /> :,::�",�'�i�� � . PaYs t�est on the F�ds and
<br /> ,.. `. Howe�rea,Lended may sequice Barmwer to $FP�61e law geamifs Lea�dei to make such a d�ge.
<br /> ` � L pay a on�lirne c,�azge far aa indep�ndent reaI e�te t�raporta�8 savice use�by
<br /> , :'�;..: . I�eader�n oomte�xi�amb d�is Io�,� �
<br /> �°; .. . � : xi applu;able law pmvides othe�wis�Uale�aa
<br /> �y;:�;���' . reqah�s interest to be paid,I,ead�rr straD not be ��t is made ar spglirabE�taw
<br /> ,.,���,�: , mqui�w pay Bomawea any inieaest or�gs on the Fmids.Bmm��r and
<br /> ,��:_*. .... I�ende�maY agree ia wri�S,hawever.t6at mteaest sball be paid ou the Fands.Le�der shaII g6s�to Bormwer,�vit�out c�ge.�
<br /> . . aaaoal2cco�mttag of the Funds.sh9wing ctrdits�d debits m the Funds and the pingnse far whicL each de6it w 8�e Fiutds was
<br /> r,::.:::��,,.::. . made.lhe Faads aze pledged as addi�onal seaaitq f+ar sII sams ses�aed by this Sec�iry Instt�ment, `,:
<br /> . ':, _ If dse Ftmds held by Le�dea�cQed the amotm�per�niued to be 6ead by applic�ab2e laar,Le�d�s9ari accuuat ta Bo�arst for
<br /> .:�:;;'�.�� '.: the eac�F�ds ia accordance whh t�►e requaanents of app�ir,�ble law.If rhe ammmt of dt��iCmQs he2d by�.c�mder at aay ti�ne is
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<br /> . .,;�;_;.. . PaN the Fsrmw Ite�s whea due.Leade�may so caat�fy Boaowea m avritqg,aa�,in sanc�ase Bomawea s6aD PaY
<br /> �,• w Leuder the amo�t nece�ary ta make up t�e deficie�acy. Bcuaoarer shaII malce up d:e deficie�cy in no mare than twelve
<br /> . maaihly paymmts.at Lender's so2e discretian
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<br /> .;: . . '. uPan Daym�t in faII of all st�s seraued by this Secmity Im�tramea�I.er�3sr sf�aD�tly ref�d to Borrowea any Fands
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<br /> ' :. >; ,�: ::. . hed�d by Lead�If.und�paragrdpi�2Il,Lender shall acquire ar sea�e Pnnpearty,I.earder,�to the�on or sale of the
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<br /> ::.;c:;,fj::,:;,..: • PraPertY,sban apply any Funds�edfl fiy Le,nder at the time of��mm+as sale as a�m�iasi t�e suros secured by this --`
<br /> i;l;;;�;'� , • Seauiry InstrumenL , �
<br /> . , �r . � �,: ;. 3.ApDlFsation of Pa�n�fa Unless applicable law prnviQes otherwise.aFI paymentg recdved Dy Lee�dQa ander paia�raphs . —
<br /> 1 and 2 st�all be applied:fast,w auY D�3►m��Ses dae�the Nor�second,w a�ouats payable�mder par�^�h 2; -
<br /> � . thntd,tv Iat�at da�fu�th.to pziuucipal du�and 1ast,w any late c�ges due�mdes the N� �
<br /> ,:�i; ` � '. � 4.00s�rge�Lfevs. Boirower shaU pay aIl raxes.a�e�, m
<br /> r ` c�ar8es.fines and�ons a�ble to the Ptopeaty
<br /> , . ��Y�Pri�Y wer tl�is Ser�ity Insaumeat�and teaseho2d paymer�ts or Broand reuts.if any.Bo�mwe�r s�an pay these
<br />_ .� ` obligattans In the manner provIdeQ in para�raph 2.or ff not paid in that maaaed,Bmsawei si�aU pay thc�on tirne di�Iy tfl the
<br /> . ` pe:son owed paymeau.��row�shaU ymmptty fumish co 1.�dca an aotices of amaua�s w be yaid undrr this paragreph,Jf
<br />`�.;� . . Bariowea makes thess payme�ts d�ly.Borrowed shall ps�ompily furnisb to I.e�der�tc��ang t�e payme.ats,
<br />- . : Bmsower sLall yromPUY�anY tien whicfi has yriority oved this Seciuiry ins:a�i uNess Bormwer:(a}a�in•
<br /> � : � . wrim�g to�e payment of the ob2itgation secvred by rhe lien in a mannea acceprable tn Le�Cer.ib)contests in good faiW the lien� .
<br /> : 6Y. or defea�ds against enforcement of the lIeu 1n. Iegal Proceedings whicb in the Lea�da's opinion oFerats w pnwe�t We .
<br />- � enfarc�ment of the IteA;ar(c)seaires from the ho2der of the llen an agerac�.�i satissffacco,y to Lendes su �'� '
<br /> sep r sa bordiaaung;�e.1iea ro
<br />- ` this Soc�iry Insaumen�If Lmder detenm�nes Q�at any part of the Aroge�y is subject tn a tieo wbich maY etta�►Driority�cm�this '
<br />_ ` 3ecuriry Instmm�t.l.ended may gIve Borrow�a notice idendfying the liea.Bormwer shall s�tisfy the lien os take one a�aiore
<br />_ ; , ; of the acfions set forlh above aithin 10 days o!the giving oinorice. ,
<br /> Form s0�8 8/90
<br />° ` . • ♦- ��SR(NE�coa�a�.o� vaQa2ote .
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