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<br /> � � UNIFORM COVHNAN7;S. norr�iwcr nRd l.enAar rovcnnnt and og�cv as fallowA; �; � �
<br /> ' � 1. Pyyment of f'elndpal Nnd intcresti 1'reppyment and Iate Chaeges. Boerawer shall pramptly pay when due ��- }��-��;'�-
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<br /> •� - �,• the pr{neipai of aect tnterest on thc debt evldonreJ by the Nute nnd uny prepayment and lato chnrgcs duo undc� thc Na:e. �-°--•_:;���`~F'-:
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<br /> - -�, �. F�nd9 for TAxes n�x1[n�nrance. SahJect to ap�►ltcnblo law ar ta a tvdtten�wuivcr by Lcndcr,Hvrrc�wor ehall � _ __ � _,°.
<br /> , __ _ _- - °:� - p�y tn t�n�tcr on tho day m�n4�iy p�ymet�tn c�+�cfue under the Nato,unQl eha Nase is patd in Elill.a aum("Funds")far: _ _s , ^
<br /> � � � -_ . _ . _ (a)yearly tnxes nnd oasessmenta�vhich may attain priurity over Ihle Sccuriry laatrumcat av o lien on tho Propepy;(6)yeady � _ j�.
<br /> Icnsohatd pnyments or gmund rentn�n tAc Proparty.i f nny; (r)ycnrly hnzard ur Pro p on y inaurnnco premtums; (d)ycncly
<br /> � ' � ` ' liood insurance remiums, if an ;(e) euN muq ago ineuenncv prcmiumn� if any;and f�i oBY sutfi►�paysbie by €ior•ower �� • - - -_-•- . : _
<br /> ' ' � to Lendar.in accnrdnnco wlth thc p��avlAlan9 af parugmph 8.in l ieu o f t i tu pnymeat o f mortgage Insumnco prem iums.T h as e � � „
<br /> ' � � � itema ure eulled'•Bserow Iteme."I.endc�muy.ut any timo,callect und hold i�unds!n an omount not to oaceed tho nmximum '
<br /> � amount u lender for u fcdoruily rolated martAago laAn may require for porrower's esc�aw accaunt undcr tho Fc�leral Re�l . '
<br /> • Bstate Sottlement Pracedure9 Act af 1974 ax nmended from time to�ima, 12 U.S,C. �2G01 et seq. ("RBSPA"),untess „ ..„
<br /> ' anather IAw thnt c�pplles tn tha Fun�i�+nei±a lesser mnount. If so, Landar muy, at any time,collect and hald FundA in nn '
<br /> J� • amount nat to oxceed tha Iea.u+r nmaunt. l.ender miiy astimUte the amount af Funds duo an tho bnsis of current duai nnd
<br /> %� reusanuble eatimntea of ezpenditures uf iLturo B�c�uw Itoms nr athonviso ln accordanco with appHcnbla low,
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<br /> Thc Funda ehnll bo heid in nn inatitutian whoso deposits Are insured by n fedorul a$ency. instrumentnllty. or entfty
<br /> , � (including Isnder, if L.ender id such an inst►tutian) or in nny Kederal Homa Lonn Bunk. L.ender shHll npply thc Funda ta .
<br /> ., •� pAy tho B.gcrow Items. M.ender mAy m�t char��Borrowor for holdinR und applyln�the Funds,Annunlly annlyzing tho escrow ,
<br /> ' uccount,or verltj�ing thc Escrow ltcros,unless Lendcr pays Ha�rawcr lntercvt an thu Funds and upplicablo law permita I.cnder � • _ ,
<br /> to mske auch n rhnr�e. H�wever, l.endcr mny requiro Borrower tu pay n anc-timo chargo far an indopondent real estuto •� .
<br /> � tnx re}waing service u.sed by l.ondcr in cannecdon with thls laan,unlc.vs applicAble!t►w pravidos othci wiso.Unleag nn ugrecmcnt .
<br /> � is made ar npplicnbla l�w requirev interest ta hc puid,l.cndor ehnli not bc requlred ta pny Borrawer uny intcrest or e�rninge .. ,.
<br /> . on tho Funde. Harrower And l.endor may ugrcc!n writing, howevcr,thnt lnterast ehall bo puid an tha FundK. l.ender ahAll . , �
<br /> aive to ilorrowor.withnut churge.un unnuul uccaunting of tho Fu�ds.ahnwing credits and debits tv thd Fundn nnd the purpo� � ,,� ^
<br /> ;�• � fur which e�ch debit to tho�unds was mudc.Thc Funds aro pledged c+.v sdditianal security far all auma sccured hy this Securiry
<br /> ' . instn�ment.
<br /> lf the Fun�ls heid by Londer oxcced tho amaun�v permlttcd to be held by c�pplicAble law,Lender sh�ll accaum ta Borrower ' ''` .�
<br /> . far tho excoas Funda in acc�rciuncc with tho n:quiremonte of applicablo law. If tho mnoi+nt of tho Funda hcld by l.ondor at , �;,q
<br /> ony timo iA not sufficient ta pay tho Escrow Itoms when dua.Lendcr may so nat�f�r Borrowcr in�vriting.und.fn yuch case � ,�_
<br /> Botrowor ahull pay to 1.ondet the nmaunt nece.s.u►ry to mako up tha dafioloqcy. Barcawer shull make up the deficioncy in �
<br /> na m�re than twelvp manthly puymenu+, at I.ender's sulo discratian �
<br /> � Upon paymedt i�tLll af ail sums �secu�ed by thls Secu�ity Instrument, l.ender ehall prarnptly rolUnd to Borcower � , , � •
<br /> any Funds hold by i.onder,If.u�der paruFraph 21,l.cnder ahull ncyuire or soll the Prapony,l,ender,prior ta th�ucquisition
<br /> ' or sele of the Prupurty, shull apply uny Funds t►rld by L.ender at the time of ucquisitian ur sulo As u credlt agAlnst the aums
<br /> • � secured by this Securlty in�tn�ment.
<br /> -- — --- ---- 3. ApplMstlo�Qf Payment�. Unles�a�plizable!uw Qrovidos otherwls��all pnymenta recolved by Londor undor - ---------
<br /> paragraphs 1 and 2 ahnll bo�ppli�d:fi�yt,to any prcpuyment churges due undor the Nato;second.ta nmaunte pAyubto under i�
<br /> paragraph 2; third, to intorest duc: fi�urth,ta princ�pal due; und lu+t, to any lato chargey duo undcr the Noto. �
<br /> 4. Churgcw;t.iens. Hnnower�hali puy nll tuxe.r•, s�cvessmen[.ti,ehargev. 8nes and lmposiNans anributuhla to tho
<br /> -� ---'- . Property whtcA may atWtn prlurftv uvcr thls Sccurltp Instrurpent,unti icttschuld pnymcnia nr g�uuns rcnis,ii any. 8ori,�wc� - ---- - --_
<br /> ehall pay thcso��bligutiuns in the munner pruvidcd in purugrnph 2. ar lf nnt puid in that mnnnor. Barrnwer c:hnll puy them � '
<br /> � an timc+dlrecUy tu the per�.un uwcd pu,ymrnt. Burrowor hhnll promptly 11�mish to l.endor ull notices of omounta tu be paid .
<br /> under thla parugraph.lf Anrre+wer muheh the�c paymenGti dlrecdy,�rn�wer xhc�ll promptly flimi�h t�l.ender re�eipt,v evidencing
<br /> • the paymen�s.
<br /> � ' 8arrawor shnll pramptly dischurgc any licn which huy prlarity ovor thiR Securlty Insttument unless Harrawer:(u)
<br /> ' aa�eoa ia writin�tu the puyment uf the ubligutiun secured by thv Il:n in a munnor ucceptahlo ta l..endor;(b)cantests in good ;
<br /> faith the Hon by,��r drtends iignmst enfi�r�•rmrm��f the licn in. Ic�al pr�ccedin�v which in the Lsnder's apiniun u�x�rato t�► • .
<br /> preven:the onforrement al'the licn; ur(cl+r.curos t'rum the holder uf tho lian un agrecmont xativfacrory ta i.onder subor-
<br /> dinuNng thc licn ta this Securiry ln�trument. lf l.cndor determinc+ti that Any pan af the Property is xubJect ta a Iien which
<br /> moy attain priority�vor thiH Sccurity Instrument, l.ender muy give Borrowcr u natice tdentifying tho lien. Barrowor shali
<br /> � s�ttiafy tho lien ar t�ke ano or au�rc of thc uctions sct forth uhavc within IQ days af tho giving af natico.
<br /> • . S. Hozn�d or Praperly Inwurunre. Borruwer yhall kecp tho impravoments now c+xisting c►r hercafter erected an
<br /> • tho Praporty insured a�uinst I��sz by fire, hur.�rds ir�cluded within the term "oxtonded caverogo" und any athor hazards,
<br /> � includinp floadx ar flooding, far which lw:ndcr rcquires insuruncr. TI►is In�uruncc.r{►�11 tw muin�uincd M tho amaunta and
<br /> � far tho purlalq that l.ender requires. Tho inyu�unca ctttrier praviding the lnsu�anee Ahail be chrnen by aormwer subJect to
<br /> lander's upprnvul which rhull not he unrca,onuhly withhcid.If 8orn�wer fnils to mainlain ccweruge de,rrlbed abnve,l.onder
<br /> • ? • . may,at l.ender'R aptlan,��htnin coverugc u�prutert [.ender's �ights In tho Prapuny in accardunra with puragrnph 7.
<br /> AU insurance�+c�Hcies und renewul�tihuil t+e ac ceptublc n�l�endor And shnll l�clude a standard mortguge cluu�c.l,c:nder
<br /> • shull hAVO Q�o rlght tu huld thc palicir�and renrwalti. !f l.cndcr requires, H��rrawcr shull pmmptiy givc to[.en�lcr all recoiptti
<br /> , af pnid promiunis und rencwal n��ticcs. In �hc evcm ui'li�ss, Rur�uwcr shull�ivc prumpt noticu tn thc insuroncc rarrlcr und
<br /> � ' Lendor. l.�ndcr m�►y mukc pr�x�f��f lu�ti il nw niudr pr�,n�ptiv hy Horrawcr.
<br />, � � Unless l.endec uod klurruwor uthcrwise u�rrc in writing,in�urun�e p�ucceaa hhull be upplie�tu re.rrorutiun ur repai�
<br /> • " uf tho Prapeity dumuged, if iho r�xturubun or repair is econcimicully fca�iblc und l.cndcr's securlty is orn iessened. lf thc
<br /> ' ' reatoratian or �epuir!s not ecnnumir�iiy feasible��r l.rnder's security would be lossoned,the insurnncc proceeds shAll be
<br />.. ' app!!ed to thr sums sr.cured hy ihir Sccurity lnarumcnt,whcthcr or not then duc,with any exccss paid to Burrower.lf Borcower
<br /> - - - abandaas tho �'rapcsty, or d�h not answ�r withir� �U d�iys a noticc irom l.ender that the Insuraace carrier ha;c=!'f�rcd as
<br /> �' r � - setdo a elaim,then l.endcr muy c�+liect thr insuranre pr�xeeds.Lender may use the prc�eeeds to repuir or restore the Prapeny
<br /> � ;�, � ar W psiy xum�secured by thi�Securily ln�trua�ent,wh�iher ur nut then due. The 3t�day pericxl will begin whon the n��dce
<br /> , is given.
<br /> Unless Lendor und Anrruwer utherwi�c ubrcc in wrlting, any u�pUcuUon uf prucecds tu princfpal ahull nut extend
<br /> �f � ; or past�one the duo datc uf the numthly puymcnts refurrcd tu in purasraphti 1 und 2 or change the umaunt af tho payments.
<br /> , If under pnrngrnph 21 the Property ia ucquired by I.�ndcr.8��rrowcr's right tn uny insuruncc policicy and prcxceds resulting
<br /> � , F f�am dama�o ta thu Pr�peny priur t��the ucquisUian �hall pu��to l.�:nder to the extent of the hums secured by this Security
<br /> : lnst�umcnt immcdiutciy prior to thc ucquisition.
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<br /> � Form 8028 9/90 1 puge:o/t p,�Kr.+1 -
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