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<br /> % '3'tti�ETa�$, n�th ali the ,iniproLements now or 3�ereafier erected on the property. and aIi easements,
<br /> ;� rights,' appurtenances;> renYs, royaltiea; mi�eral, oii and gas rights and pmfits, water, water rights; and ;
<br /> � water stocli; and all fistvres non or hereaftez aitaclied - to the �roper*y, ali af which, including replace-
<br /> � menffi and addi�ions #hereto, sh.txli be deemed tu be and rernain a part of the property- covered by Lhis `
<br /> ' � 14�1ortgage; and al1 cif the foregoing, i:ogether with sasd property (or ttae leasehu3d estate in the event this
<br /> � Martgage is on a ]easehold 3 are herein ref�rred to As the "Property".
<br /> k $ox�ower cevanants chat .$,orroa�er is lawful2y seised of t.he esi.ate hereby conveyed ancl has tl�e rig}at
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<br /> t,o mortgage; grant and convey the I'mperty, that the Praperiy i� unencurnbered, and tizat Borroaer wzll `�
<br /> 4 '' warrant and defend generaily the tit.3e to t3�e Pmperty a�ainst ait claims and €i�mancis, subject io anv
<br /> �+ � easeme�ats and res 'trictions listed in a schec�:ule of eaceptions to cauerage in any title ixv5urance polic}� in-
<br /> , : suring Lender's interzsE in the Property, or ( 2 ) attorney's opinion of title from abstract of tifle certified
<br /> ! `� by bondc�d abstracter.
<br /> :, � PsovipEn, ALwwYs, and these presents are esecuted and delivered u��an the foIlowing conciitions_ agree- `
<br /> '�,; nzeats and oh3igaiiotts of the Iiorrowsr. to-zviz:
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<br /> � The Sorrow•er a�Tee� to ; pay to the Le�der, �r order, t�e principal sum of . .:FORTY; SSX THDUS�IIND .
<br /> ' i .�.:{�L*�'DREZ7!_AArD,_ nt0�100 --.- . :._... _.-_- -- -^-- 46 , 20D OD .
<br /> A _..... __. _. .._Doltars ( US �_ _.. .. . -- • ....... ... . ::. ) •
<br /> �"� , payable $s provided in a note ex�;u .c� anc� deliverec3, c�ncurrentiv herewitiz; the fina3 payrnent of prascipa3,
<br /> , s if not so+oner p.aid> on the : . _ .. lst: . . ._ . . .. �a�= of .. . . . - ,Zune_...__. . . . - - . _... _, 3.9__ ��..
<br /> ,r Urr�oat+i Uav�:rran�-rs: Bvzrower and Z.e-�der rovenant azid agree as folla���s:
<br /> ` L Pcsyznent of Principai cuid Ynterest. gorrou��er shall prc�mptlp pay= �;•nen due r.he principal of and :in-
<br /> ;� terest oss the indebtedness ev-sdencec� by #hc No�.e, prepaymeni and lata charges as provicied in the lvate,
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<br /> � ;? and ihe �rineipai of and int,erest on any Future Advances �ecvrc�.' by this �tortgage.
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<br /> i 2. Fnnds for Taxes and iasur�sre._ Subject io Lender's o��tion under paragraphs 4 and S hereo#, Bor-
<br /> , rc,r�*�r shali pa� to Lender on #he da,y moni�ly in,talimerata r�f prineipa3 anci interes:, are papat�le under the
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<br /> � � - 2�iote, until the 2tiote is �aid ir� full, a sum ( �erein "Funds" j equal to vne-twelfi�s af the year4y taxe� And
<br /> as�essme�fs whic�3s may attain priority over 4}iis :3+iortgage, r+.nd ground zents on =he Paopc>rt }-, if r3ny plus
<br /> � �ne-tvaetiFth tif 1>earty gremiurn instaiiments far hazard insu.ranue, plus one-tK�e1#th of t�earl�� pretni�m in-
<br /> ,r,.,} stailmentxs Por martgage insurdnce, if anp, �l as xca:5onably estimaied initialiv aszd from time fo tirne bv
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<br /> � Lendei on the basis oi assessments and bilts and reasanable estimat�s tl�e>evf, Lencler shalY ap�alu the �unds
<br /> ` '; : � to pay said tases, assesrmen#s; insnrance pr�miums �nd �rosaccnd rents. Lender shall make no charge for sa
<br /> hoid'ang and appTyin� the Funds or s�erifyirr:g and roaupilir�{ said a�.gessmenis and biI1G. The Lendes �haii
<br /> � gi�e tfl t3ae $orcower, wviLhoat charga, :an �aaual acconnting vf the Func�s show�ing cmc3i#s and debits to the
<br /> C?. Ftatads aad the purpxose ior which eaeh debit �o the F�snds wa.s made. The Funds are pledge�3 as atid€tionai
<br /> f r sec^�xrii}^ €or Lhe �uws r+eeured by this .?tSorY��age. T!+� Burrow�er aQrees that the Funds mas be held bt� the
<br /> �"'! Lender a�sd c^ommfing3ed ��th €�ther funds an�i the I.ender's s���n funda and the I,ender maz� pay such items
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<br /> �! ' from i�s c�x'� tuads mrad the Lender s3ha11 nrs:' tre 3iable far ir.atenst ar dividendti o� �uch FuncLs.
<br /> - ;, Ifi #,�a,e azn,ouni of th�e Funds heLd bY Let�der, E�g�ther wa#h ihe iuture inonthi3� installment;s of �und,i
<br /> , . x payaible prior to #.lze dus dates af taxes, ass�ssrnen#,�, insuraa�ce premiums and ground rents, sha11 exceed
<br /> „ ;, the amox�at re�yuired to �y said taxes, axserysm�nts, insurance premiums and ground rents as :..sey faTl due,
<br /> ;: snch exc�ss skzall !>e. ,at Borx+cr�vex's optiun, +e3tt2er grompfly rdelaa9d to Bora�uw�er or creditecl ta Earmwer an
<br /> � t �9c+n#.hly .�nsfallru�ufas of Func3.s. If the amos�ni af tas �'unds held b�a d.eader sFra� not be su£�icient r•o pay
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<br /> ' 'tst�. a�ments, i�sursnce g�remiva�s and gnound rents ac the}� fal! due, [3orrower shail pay ta Z�ender
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<br /> g �3r ams��nt ne�ssary ,to ms�c�e u� the defies��e,y wiihia tiur'�ty da:vs efter natice from I.ender to Borsnwer ,� �� w°',�e
<br /> , ? requestirsg �ay�a�ea�t thereof. aa Borrocver stsall, by an inc�zease in xzjontlil} iastaLtsnents of Funcis reqs�ired, "
<br /> srz r�i�v t�ee� defi+ea�e� cciti�ict tlaae Fl�nd :accour�#.ing period. �
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<br /> '�? IJ�ao�sr pa��c�ea�t in f�11 of �ell sums serunesd by this RSortgage; Lender shaii apply Funds held as a credit ���`'
<br /> a�t � �czms due. ;� , ,,,
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