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<br />. �. , �S,4 y �RUI�AOW OI hQp8�7 9 p�i Of thC pIOp?sty.AI!i8p��1S 8IId E�dIi�OItS f�l BL�A�CAV?ICd t1j1 L�1S SCCI]�Ity�CIIL
<br /> t .��- All of the foiegoing is refared oo in th�s Sec�ity lnsuamen.t es t�CCe°Pmpratyr� � i=
<br /> � `,,, �.�, BORItOWEEt COVF.A�dI�YtS tfr�Bmrovres i�hwfalty s�af ihe esta�ha�tsp canveryred mtd!�s the si�hi LQ gr�st artd -
<br /> . oamrey the Pm�sty and tbat tke�P.ropeny is�,exceDt far eacumb�aac�s of cecord.Horrower waaants ead cn'it •:;<.__?_
<br /> . defea�a g�eaany the Mie w d►e AuPerty►against aIl ctaims and de�aads.subjs�t w any�,b�of re�rd.
<br /> ,.: (��•:�- ;�:: THIS S�ECURTfY INS'�ttt1MENT camisines�miforas oavt�ts f�na�anal ose and nnn-aniEmYn wveaanis wirh limnrQ
<br /> var}asinns 6y jmri�sdi�xian to�a uaifatm s�arity inshumeaoicovaing r�l pmpeary. . -�L��
<br />- . • UNIPDRM WYENANTS.Bonowetead Lffider covenant aad�Ss foI[ow� - -
<br /> '�.;"', � . _ � Lpayment ofP�laad Inlere�t;Prepaymeate�I�ateC�urges., 8aaowea st�ll prompt�Y FaY w�ten d�e tbe ',t�:
<br /> ` prittcipal of and mtecestan the debi erideaced�y tne Note and auy pn�ym�ncaad larechatgesdue unc2er the Nor�. -�-
<br /> �.�,;.:_��,.., . Z.Fasads ioa�Ta�es et:d�surauoa Subject Yo applicabI� Ianr a:so a wri�waiver by Ixader.BortoR+ea shall pay ro� �.
<br /> �.�.�}., I.�d�on the daY m�Y 1�Y��are due�the Note.unn7 the Note is pai�Yn fn�,a bvm(°Funds'�for:(a)Y�Y� "�`:
<br /> � an�a�ts whicb may avain pria:ity over tbLs�vrity Insttumeat as a lic�on ths PmP�Y:@�Yeariy leasehold pay�ta �
<br /> i ; ' ar ground r+e�on the ProP�Y•�ffi►Y:(�)Y�Y���P�F�Y���(�Y�Y tlaad u�s�asnce p:emiums,if �.,.��
<br /> �' r- `�°:�`.� ;::.� any,(e3 Y�Y����P��.�ffi►Y+�E��Y�DaY�Ie 8y.Boisowea to I�dea,iA ac�ordauc�aith tLe `�`�_:_s
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<br /> , � • pmvissons of pa�Caph S, in tieu of the paymeut of m�e insnsance pr�atam�s.These items a:e c�Il�d"Escxaw ILeras°
<br /> �`�:°•. .. ,� Lendeamay.at aap time.Ca�t aad ho2d Fands in an amotm4 aoi toeac,eed themaaimum amoautaiea�dar fcrra federaUy related _-'^•"'��
<br /> : -,.� ,�•. martgage toan may r�for B�'s�craw accaunt audea the fed�aai Real�SeaIc.meut Froce�ues Act aY 1974 as . -
<br /> ,•�?��,".. �•. �. �. . aanea�¢ed 5rom time w tim�l2 US C.5earaa 26d1 et aeq. (°RESPA'�.anless ano�iaw that a�pfies to the Fimds sep a I�sset .� ;�i�•_-
<br />- :�` = emtnmt If so.Leader may,at any tim�aoIlea and�oid F�s in an amount uot m exceed the I�a�mmt I.endea may '
<br /> ' • ` ; .%;:;'.� estimate the amouat af Fm�s Hae on the basis of c�t data and�nable esdmates of ex�dii�es of future Fsaaw Items or ":-_¢:-
<br /> `� �`.. _ ` olhetwise in accaaQantce whh apgiIcable?aw _ -
<br /> . ,`�„ '� r.`;' '!he Fands shaIl be heI+d'w an mspiution whose
<br /> � �� � depasits a�e�by a fedaral agency.mswmenffiliiy.or�t}►(includ�n8 =
<br /> , ' � : �j.� Ieader.if Ix�dex ia s�nc,h an fnsumnon)ar in any FeA�al xome I.�n aank.Leaaea shall.apply the Funds to pay t�e H�row . -
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<br /> Iteaas.J.esedea mayr ant c�sge Barm�vea far hold3n$and aPD�S�F�ds.�nualIY aaalYza►g the esc�aw arcomit,or vaifyiqg -
<br /> `� � E the Bsaow Itans.aates�Lender pays Hormwa mterest an the Faads aud app21c�6le 1aw p�lxardrs W make sucli a �
<br /> � . : Howevea.I.endea may requ�a Bormwea to gay a one�time ch�ge for an in �� ' °-
<br /> �, . �• � F Lender in c�nnecdan wIth d�is Wan,miless licable taw des othawis�Ual�.an ��w is made ar���� � , .'�`'�'-
<br /> ' ePP P� a� aPPlicab�Law r•
<br /> �� ` mqvaes mt,�est oo be paid,Lendes shari not be requued w pay Borrower m►y int�st or eamings an the Fimds.Bmrowea an.� ,�.
<br /> :r`,`•` Leadea may agree in wridag,toweever,that intere.st shall be paid on fhe Funds.Lender sbal!give m Scurowea,without chaage.an -
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<br /> �` . . az�aal accuundng of tbe F�ads.showmg c�edii�and debiLs to the Fiu�tEs and rhe puepose far whic�earh debit w the Fands was °--
<br /> : - -' -.. . �ma�e.lhe Fm�ds are pledgtd as addirio�al seraulty far ail sums s�by this Secm�iy Instrtunt�L ���.;:;;���::
<br /> .. . � .' `'�` If the Fands held by I,end�excxed the amoants permiued w�be held by appltca���w,Lender ahaIl account to Bormwer fpr � - _-=
<br /> % � �eacess Fimds in accoidance witb the neqi�nents of applicab2e law.If the amoaut of the Fands held try I,endea at suy time is "2°-
<br /> . '",s ; aots�ficisatto .
<br /> �: • ,, -..�. pay We Escarow Items when dne,i�det may sa notiffy Borrower in writing,and.in sach case Bomawea sbaII pay .�_:.:
<br /> �,.:� � w Le,nder�z�oant aecessary w m�Ice up the deficieacy. Brnmwer shaU make np the defici�tcy in no more tban tweive . � ��;�;;�:_:
<br /> . . '; mont6Iy payment�,at La►der's sole discretion. _-
<br /> , �� . ; , Upan gayme�t in fuU mf aU s�s secured by this S�uity Insm�ment�I,cffidea shaIl pmmptty mS�d to Baaawea any Faadg _
<br />:. � � � .�... ---., � De2d by Lend�:If�under para8rapb 21,Lend�shaU aoqnire or sell the Property.Lea�ded,P�ior w the acquisition ar sale of the �.�',
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<br /> _ ' : Proyeaty.s�aU apply any Faads held by Lende�at the time of acqaisitIon or sale as a credit ag�nst the anms seGUed fsy this -
<br /> { ' � �� '��:� Sc�carity Insmunen� . -
<br /> � 3.App�twtion of Pepczenta UnIess app2icable laa+provides othernrise�aU payments receiveA by l.e�,.�a undea paragraphs
<br /> .. . - .i and 2 shall be applied:fust,w any grepayme,nt charges Que undea the Note:seeaII.�,to amounm payab2e ander paia�aph 2: - _
<br /> -„. .. .. . , , . �ird.w interest dn�fourth,w principal du�and 1ast,tn any tate cl�arges d�e under et�Note. • •
<br />. _ . 4.C6arges;Uens. Borrowea shall pay aD ta�ces,assessments.eharges,fines and impasi��rs am�utable to the Pcopaty �
<br /> . �` � '- � which mayr suain yrIorIty over this Securiry Ltsuument,and Ieaseh4W payments or gcaund rents,i+��y.Borraw�r shall yay tI�es� � • �_
<br /> � � ' obligadons in the manne�provided in paragraph 2.or if not paid in that manner.Bmmw�shaU pay Qiem on time directly m t�e
<br /> ° � ' ' � peason owed paymertt Bmiower stiaU ptomptty f�msb tn i.�da all notices of�ounts w be�id ander t&�s paragtaph�.I� ,' �
<br /> •-.:r� � , , Borrowe�makes tLese payments directIy.Bomow�s s4�all prumptly f�anish W Lender taceipts evideach�,the paqme�ts. � • �.
<br /> Bfllmwer shaU pmmptly discharge aay lie��Ihich has yriority ove�this Sscurity Insnument a�ss Borrower:(a)agrees in � -
<br /> � .., . . arri�,g tn the payment of the obL'gaHon secured by tlie lien in a maaa�acceptable tn Lendea;(b)obntests in good faith the lien . .
<br /> .. . � by,or defend� against enfoncement of the llen in. 1ega1 praceeQiags wh�cb in the i.endea's opinion opeaat� to prevent the
<br /> � � � enforcanent of the lien;or(c)sec�aes from the holder of the lien en agreement satisfacWry W LRndes subordinaiing the lien'to' �
<br /> . � . ` �iv Security InsWment lf Lender detennines that any part of the Aopeny is subject w a llen whlc5 may attain priority over tLis
<br /> � . . . ... Securiry Inswment,Lender may give Borrower a notice identifying the l�n.Bormwer shall satisfy the lien or take oae oz mose .
<br /> of the saions sei forQj above wIWin 10 days of ihe giving of notice. �- �
<br /> � � . ' Fotm 8020 9/90
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