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<br /> - c` LOAN �: L357�$9 _.
<br /> TpQFT�iBR WiTH ntl thn imptavementa now or kereuftor errrted on tho proportyr, und oll easementa,appur[ennncca, nnd '.�`�
<br /> f{xturea rtow or hereattor n pnrt of thc property A�l ceFlaceraeate und ndditions stualt aleo be covered by this Security lnstnunent.
<br /> � All of the furegoiqg is roforrcd to in tAis Security Instium$nt as tho"Praperry." ..
<br /> BOR120WER COVENANTS that Borrower is InwNlly selscd of the eatate hereby convoyed nnd hoa the right to grnttt ead ;•�°,,
<br /> convey the PropenY nnd ttiot tha Aroperty!s ua�ncumhated,cacept for eacumhrnnces of record.�onowee watrunta uad wiU defond _
<br /> genarally tite title to t3te PropertY ngainat ntl cleians and demanda,subject to nay encumbrnnces ot record. - _
<br /> =_.�., THIS SSCURITY IN9TAUMENT combinos unifotm covennnta fot nndonnl nse nnd nsn-uniform covenaata with limited `..
<br /> � -..•.�'_,,� . vari�doas by juriadtetion to consdtute a uniPorm securlty iagauncent coveriag renl properry. .:�t"::
<br /> UNIFORM COVBNANTS.Borrowcr aaA lAador covEnunt and agree as followa: ���`::-
<br /> whan due the
<br /> 1.IPayment of Prtucipul aad Interest{ Prepayment nnd Lntc Cb►uges. Borrowcr shall prompdY puY i'�:,
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<br /> • principal of and latereat on the dcbt evtdenced by the Nota and eny ptepaymeat aad late charges due un�ter the Note. �F__-
<br /> 2,Funds far T�es end lasurance. Subject to applicable law or to a written waover by Lender.Sonower ahall pay w _
<br /> � Lendar on the day tnanthly payments aro due under the Note.uatil tU�Note is paid ia tWl.a sum("Funda")for:(a)Y��Yn�or ==
<br /> � aat!assessraents Yrhich mt►y attain priority ovor thia Security Insuument es a liea on the Property:N)Yeurly leasehold payare �;�<;_
<br /> � gcoaad reata on Ihe PropOrty.if aayc<c)Yearly hazard or property insutauce premiums:(d)Yeacly flood Insuraace premiums. if �
<br /> �r aW+:(e) Yearly mortgage inaurance premiums. if aqY:and(� e�lY R�Payable by Borrower to Leader.in accordaace with the __
<br />- ' � Nrovlatons of pare�raph 8�ia lleu of the payment of tnartgage insuraace premiums.These items are called"Sscrow Items."Leader
<br /> �� tpay.at aay titae�collect and hold Flinds in an umount uot w exceed�e�uax�uu�am°�t a lecder for a federally related mnrtgaBe °T
<br /> � laan may require for Boreower's escrow accouat wuler the federal Real Estate Settlement Pracedures Act of 1974 as amended froa► ���:;_
<br /> dmE to time. 12 U.5.C.3ecdon 2601 et seq.("RESPA")�unleas aaother•law thas appliea t,o the F�ads aeta a lesser �ount. If sa. "=
<br /> Lander may.at aay tlme.collect end hold Funds in an emouat not w exceed the lesser amount.Lender may eatlmate �he amount of �,,i.:
<br /> � ;�. FUnda dus on tha basis oP curnat data and reasonable eatimates of expendiaues oP l�wra Escrow Items or otherwlse ia aceordence -:�
<br /> � with applicabla law. �
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<br /> '�e Fnads ehail be held in aa iastitudon whose deposits ara insured by a federal agency,iastnunentaliry.orendty (including �s,:::,
<br /> ,� I.ender.if Leader is such an insdwdon)or ia aqy Federal Home Loaa Bank.Lender ahall apyly We Fuada to pay tha EacYO�v Items. �._.
<br /> • Lender may aot charge Borrower for holding aad applyIng the Fuads.annualty anatY�inB t�e escro�v account,or verit�rinfl thd �.--
<br /> � Bscrow Items. ucless Lende:paya Bo:rowet interest on the FS�nds and applicnble law pem�its I.onder to usake suc� a charge.
<br /> FIOW8Y0I�Leador may req�ire Borrower to pay u one-tiine charge for az►independent reai estato w�c repordn8 secvlce used by
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<br />.�:�,;.• • II�eader in conne�itoa with fiia ioan. unlcse apyi€cabia lau; pras� cther�. �iJ�leae pa a�eement is made or uPPlicable law
<br />-''�'�.. requi�es interest to be paid� I�csnder ehatl aot be requi�d w pay Borrower any interest o:eara�in8s on the Funds. Horrotver and
<br />`` ' I.e�er may agree in wi�tting.however.tuas interest shall be patd on thc Funds.Lender shall 8�ve to Borrower.wlthout charga.an
<br /> � , a�uel accoun�fag oi the Funds.ahowing credits end debit�to the Flunds and the purpose for wbich eacu debit w tha FUnds wAa
<br /> ��`�,.:z...:ao•
<br /> ;:r � �aQe.The Funds are pledaed as addlaonal securlty for nll s�mas secured by this Securlty Insuument.
<br />�� � iP the Fuad+held by l�ender excsed the amouats permltted to be held by applic�ble law,Lender shall acco�t 8,o Borrower for __._
<br /> Y.,:•.i� ' the exceas F�ds in accordam�:t with cha teguiremments of appUcable lnw.If the amount of tha Ftinds held by Lende:at any dme is
<br />-=;� �� .:.. not sut�'iclent to pay the Escmw Items wben due�Lendet may so notify Borrower in�vritiag,and,ita such case Borrower shall pay
<br />_��.•.:•._ .�. to Lender the mnouut aesessarY to make uP the de�ciency.Boaower shatl make up the delicfettey 1m ao more tt�an ta�lvo monthiy
<br />- . � ,,4, paymenta.ut Lender's sole d9scredon.
<br /> W:.,.�.,... Upon payment ia flilt of all aums eec�d by thia vecnriry Instrument.Leader sball. pmmptly refl�ad w Borcower any Fw�ds _
<br /> ��'`�^�`-'*� � h 21,L.ender st�atl acc�ire or seU the Property,Lender,prior to the acquis{don or sale oP the
<br />-f�,�"," . held by LeaBer,If.under parn�raP
<br />�,.,d.�y piopeny.sb�ell apply asy FLnds held by Lender at t1te tItrte of acquisiHon or sa1e as a credit against the sums secured by th1s
<br />�=ra�7R"'�:;w ` S�LiY1tY ItlBttuto0[1t. `
<br /> ,a.,... g.Applicatton of Fayments. Ualeas applicuble law provides otherw[se�all payments received by Lender under psuo�aPhs 1 .
<br /> _,',� - _ a�d 2 shall be applied: fust,w anY P�Y�ct oharges due uader the Note:second,m aruouats payable undes parogrupb 2:thiM. --
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<br /> -..,'�::� w iaterest due;towth�w PrincIpat dae:and last.w aay Iate chargea due undar the Notc. °�.
<br />�LL r 4.CharBesi LEens. Soaower shaU pay oll taxes.easessments.chnrgea. fines and lmposidons atMbutable to the�C+o3�ny `
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<br />_ .. which may attein p�lodty over thia Secudry Insuument.cmd leasehold payments dr gmu�d rezrts�if any.Bozroaar ehait pay tDese
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<br />��. obligations in the menner provlded ia para8raDh 2.ox if not pa{d In that maaner.Borrower shatl pay Wem on ti�nto directly to
<br /> _:`��'�a'�`�� p�reon owed paYmsnt. Banvwer shall promptly flu�n9sh to Lender all notices of amoiwta to be paid und�r thia pacagraph. If __
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<br /> r;�'r�'>__J __= Borrower makea these paymems direcUy�Borrower ehnll pmmpUy Nmiah W I.eader receipte evidencing the paymants.
<br /> -_ `-�r,;,:.= �orcowec sl�ssit prowptiy diecka�ge;u,y llen wh#r.h ha;pr��rt!y ever thi�Security Insttumem unless Borrocvet:(II)A$[CCS 1II �
<br /> :•�`,r;'� wriHog to the payment of tho obllgution s e c u r e d by t he l ien in a mam►er acce ptable w Leader:(b)cuutesfa in good fa1W tho llen by. _
<br /> . ��, whicb In the Lender'e o lotoa o rnte to revent d►e enforcenae�
<br />� ' ' ._� or dofenda against enfonemsnt of the lien in,legal ptoceedic�ya P P� D
<br /> A.- of @e lien;or(c) sectiu�from tho hotder of th0 uen an ngcrxmeat eadsfactory w Lender subordiaaslm8 the llen to d�ia Secu�ty
<br /> , .;';!:�c, . Instnua�ent. U Leader detemoiaea that any pnct of the Property is subJect w a lien which may ausin priority over tWs Securlry `
<br /> ;;•�., Insuumeat. i[.00ndsr maY�ive Bonower a aotico Idontlt3ring the lien. Borrower shall sadsly the lien or take oae or more of the
<br /> �• "t��' acdons set fonh ubove wlthia 10 dnys of tha giving of nodce.
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<br /> � 5.W�aard ar Froperty Insue�wce. B o r r o w e r s b a ll l c c:e p t h e i m p m v e m e n t s n o w e R i s t i n�or hereaftar erected on the Froperty
<br /> � .� `, � inaunsd againat loss by fire.hnzards included wIthIn tho term "extended coverage" aad any other hazards,iucluding floeds or
<br /> ' fioodio�, for which I�ensler requiros insut'ance.Thia insura�►ce shell be m�int�intd in tho amounta and for t)ne pealo�tbat Lender
<br /> ��`' ' cequires.'Ihe laaurance carrler pmvidiqg tho inauranoe shaA bx ehosen by Bonower aubject to Lender's appzoval al�icri shaU uot
<br /> ., . .`Y be unreasonaUiy withheld. If Borrowzr faila to maiatein covemge described above. Leader msy, at Leader's op8on, obtain _
<br /> � ._!_J_�� ".L�.......�.t...wn wSf1�wnwoenedf 7 `
<br /> _ - ---__ _ COYOlfl$@ LO]110TLCi LL'AUB[e iignma ut uro r�virauy n.o...... ...�.r—v-r— .. _
<br /> . ' . # All insurenco policies and`renewais ahatl be acceptable w Lendar and shnll include a staadard mortgage clauea. Leader s1utU �
<br /> .� • , , have the rigt►t to hold the poticies aad renewals.If Lender cequirea,Horrower shaU promptty gtve to Le�r av receipta of pafd _
<br /> ,• , p���os and renewal notfcea.In the svent of loss.Borco�ver shnll give prompt nodce to the insurance carri.er aad Lender.Lendor _
<br /> may make Proof of loss if�t msde pmmptly by Borcower.
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<br /> A..�BH(HE� �sao�xoa CHL(Ot(88) ve�,sas Fo�m3�28 Q180
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