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<br /> • f 7'�GETHER�.'�I'fH ail the icy�rovemenu Qo�v or hereafter ereeted on th�praperty,ansi all e�semsnu,agPuatenances.aad � -
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<br /> � � �� � f i�t u i e s r.v��� o r h e r e a f t e r a p a rt o f t t� p:��r t y. A i l r e��e�n r a e e�J ��c�i t i o a s shaU also be oover�d b y chis S�uri ry ( :
<br /> .�.� insan�m:n�.t�ll af ttie fosegainR is Eefernd to in this�ecuriry InsuunYent as the'Progerry.' �.;;
<br /> ' � BOftROtli�R COdENANTS t6at Barr�tiver i�tawiully seired of thc estzie t�ereby wnveyed and P�as tPt:ri�hc to graat an3
<br /> � t� com•�y thE FYog�rty..�d ih:t t�e Pra}s�ay is uneacumbered.eatcept fos eacumDtaaces of tecrord. Buzrotver tvarrauts and will ��
<br /> dZfead gtn�"rafly tPte tide to the Fro�zny against a�l claims aad dzmaads.st�bjest eo any encumbraaces of record. � !�.
<br /> .� 'fHES SECURI7Y IIVSTRtJMEN'd'combiaes uniform oovea3cu for a2tEanal us�aad aon•unifonn cotie�ants witPi limited � �
<br /> � •, ,S„� vazi�tions by jwisdictios to cflnstimte a�mif�m seruriry insuumxat amering ceal property. . � =
<br /> L'1�I F O R.M C O V E N A M I`S.�a r r o c v e r a n d L e a d e r c ovenaat aad a g r e s as follaws: � °
<br /> � � j '�, d. P�ymeat af Princiga4 a��!Igtraest: Prep�y-me�i und Late ��rge�. Eomntiver shall pmmy�ip•pay �vh� due the � <
<br /> , ���,�a� Prinzip�]o f a a d i n t e T e s t a n t h e d.e 3�x e v i d e n s e d b y t h e N o s e�d a a Y P m�a y�e at a a d l�se c har ges du:u�'zr t he Note. �
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<br /> --�"�---.-;?? 2. �e���cr taxes�Insura�ne.Subject to 2pplirab4E law o� to a cvrittrtt waiv�by Leade�. Borrouer shall pay to � :
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<br /> - I,eIIfler on the d�y a�nttily paymenu are due uader the Nore.unn'1 the Note is paid in fuU.a snm i"rim�s")far.(a)yeariy taxes
<br /> • :: - anfl a��is wiuch may attain priority o�er this�ecuriry [aan��t as a lien on the Progerry:ib)y�1Y leas�hold payments �_=
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<br /> ' . � : or grounfl rents on the Property.if any:(c)yearly h�aard or pmperty insurance premiums;(d)Yearty tlovd insutaate pt+etmums.
<br /> . • �, ig�y:(e)Yea�tY mongage ms�uauaz piemivau.if anY:aa�f(f�aaY sums Payable by Borcocver t,o Leu�::r, in azcordanoe witfi "_
<br /> �` the pmvi..rionq of paragaph�,in ligu of�he paymsat of�aortgage insuraase paemiums.7hese ite�ar$called"Escrotv Itetas.' k:`:
<br />_;t., � _ [.entier may.at aay tiae,collact and ImId Funds In�araaant aut to eaceed thr maxi�,sm a�;�nt a le�dsz for a federally T.
<br /> =`• c�el�e�mnn�agz loaa may+require for Bamower's escrow�s�ount uader the federal Real Esttie Settt�tazt Prareduxes Ast of -
<br /> �;,... 1�7Q������to dmg.I2 U.S.C. Seaion ?.�Ol a seq.(°1tFSPA"1.unless a�thtr�aw thzt agplies to[he�unds _
<br /> ��:, �rs a te�er amount. If so. L.ender may. az any[im�.collect aad hold Fimds in an aniou�t nnt to e�ceed tht lesser amaunt. �
<br /> , • , (.�der may e�e the amoum of Funds du�on the basis of� data and rea�nnahle estim�of exFtaditures of future _
<br /> � �,utaiv Items or olherwise in aocardaIIce vrith a�plicable law.
<br /> '�` �. ' 1F� Funds shall be held in an insritutioa�rhose deposi�s are iasured by a fede3a! ag�cy. in�ntality. or entiry
<br /> (iccluding Ix�er.if Len�er is suzt�an instirution)or in aay Federal Home I.oan Bank.Lazdfa s�ll apply the Fuads to pay the
<br /> - -_- - �w I[ems.Leader may not charge Bommwer for holding aad applying the Funds,anm�'.ly t�,:�;yring the�cxo�v acwun�os
<br /> • , v�ifying the -�cmw Items,unless Ler,�er pays Somnwer iater.st on ti��imds aIId agpfis�le iu-.r�ts Leader ta make such
<br /> -�:'. , � � a ct►�e.Ha�cc�er.L�der may requ'sie Barrawer to pay a one-time dra�e for an ind�tat c�1 e�s tax reporting sen+ice
<br /> . a�ed by I.end�r in oonaection with this toan. unless appacable Iacr prnvides aih�wise_ IIn�l��an agn.�em�et is made or
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<br /> - � ''� �Plirable law raquues inrxrzst to b�paid.I.ender shall not be required t�n pay Pa�a�s ariy iat�rest or eara�.�on the Fu�s.
<br />--'�.�' Bomnvgr aaa I�der a in aritin hawever.that inten�t shall be paid ea r�Fua�s.Lead��shall give to Borcawer.
<br />.�,;��... •t �5+ � g•
<br />-,;.���.;.`t�•� withnut r��°; �annua9 accouating of the Funds, showing ctedits�debits w che Funsls asrl thE putpase for which each
<br />�-` `• .'���� debit to the Frnnd�was made.'[he Funds are pledged as additional seaui�y for all smns seaared try thls Seauity lnsrn�meat
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<br />_°�•;_'#�x,;�1r If thc Funds held Iry Leader exceed the amouais pemuued w Is�Irr�3 by appli�hle law,l�de�sh�ll axna.mt rn Borrower
<br />-�u�;L��`'=, fua�ihe exoess�unds in aocordance with the requireme�us of applisable law. If t:i:.�,:tiavnt af th�Fun�s held isy L�ader at aay
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<br /> ��•�t r tims is aoi suffccient to pay thz Fscrow Items when due.C�der s.ay.,o nflrify Bo�mr�L:r in miting,an�,in�case Borrower
<br /> ��' "'�'° shaU py to Lr�der�he amount necessaty to maYe u�the�Qfici�y 'L«.a'm�tivzr st�:I mxsc��up t�hz de�icie�ry in no more than
<br /> ---x%?:?:r�� twalvt monthly r,.aym..�ts.at I.ender's sole dissretion.
<br /> _----.`�� i;Fan g2y�nt w full of all sums secured by Wis Securiry (s�x�neat. Leader shzll pn;�:tll� rafurr3 cm Borrower aay
<br /> - -.�=�;�`'� Fumis held by i,e�cder. If,u�der paragraph 21, Leader shall acs�uire or sell the Pra�a:ty.LeBder. prtar to the a�riisitian or sale
<br /> _--�;R �>'� of thE Fs��serr�,shall agply SWy Funds held by l.ender 2t the ti�of arQuisi�ion c�T�:e as ��edii ega3nsL the�:�ms sett�ed by
<br /> --_--�:.,,.�-� this Se=urity Hs��umgnt. -
<br /> _ '�";.� 3.Appl��en of Paymeats.Unl���licable lar•+pmvides ct��:ru�i:z.all payments rereiv�by Leader under parag,,r�{sl�
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<br /> 1 and 2 shall be applied:first,to any prepayment charges due uadEr die Note;secon8,to amnunts payable under paragr��.gh?';
<br /> -_-- ?hird,to interes:due;founh.to principal due:and last,to any laze charges das ua�'e:•rhe N�te.
<br /> --- q,Ch�rg¢s;Ueas.Bornuwer shall pay all taaes.N��mcnts,charges. fines�s imposidans aYtributxlilc to the Property .
<br /> _ - vWhir�may attain priority over this Security �astnc�c-u�:,nnii leasehold pay�nts or groun3 re+a.ss,if any. Batvzwer shaU pay
<br /> _--_ — thase obligatians in the manaer provided in�.zr.�,r�i�Z,yr if not p��d in tLat manner.Borro��r���:iii pay them on time di,:�uly
<br /> -- -=_ — to the pe�son awed payment. Borrower sh�I�ru�gciy L•:tinish to I.sader a11 natioes of amoi.nts t�3 h�n�id un�►er tt�is para�h.
<br /> --"" If Barrowea maSces these paym�u direaly.Borraxer�:�il pmmplly fiunish eo Lendtz receiprs ez':r�cing t;u:;�aycr�eats.
<br /> -----— Borrower shall promptly discharge any fien whici�Ir.as priarit}r over this Sea:rity Ins�msnt unless Borrm�+er:(a)agr�in
<br /> —�� writin$to the paymaQt of il�e abtigarian secur�by the lien in a ma�sa2r aoozprab'_�,r�i,end+er,(b)oont�ts in good faith the li�
<br /> ,_„_.�.�,;��� by, or defend,a0a�i enfaraement of B� lien in, legal prooeedings wLich in t�=Leade�'s a�inion operate w preveat rhe
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<br /> enforeement a�tL�e lien;ar(c)se�.vres fr�:�[he holder of the lien an•agreement s-�fsctory to�su6ordiaati�g the li�n tb
<br /> - `,�`:z�� this Seaurity�~�suutner.t.If Lr.�der deiermines that any�an of the Prupeny is 7�1sa::��t to a lien whic3�may 2ar.ain p�iariry o-rer ,
<br /> °��.,,�����'?�"`,� � �his Security Yustrument.f�:�der may give Borrower a cfltice ideatifying the li�.33nrrniver shall s2tisfy the Iieu or take aae o:
<br /> --�•'a'�"���� T �nore of tue��ions set forth above within 10 days of the giving of notiae. -
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