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<br /> " '�' tJNEEOAM COVBNANTS. Borrower�nd Lender wvet�nt and�ee� Idtows: �-:
<br /> .� .� °4 .�: ' i. t�yaseit ot Bt�l�ad IMenMi p►+�Y�S�����• Barrowe��t!A�P�1+��+I+:whtla�lue =-
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<br /> - ::.;; t h e p r l u c i p a l o t o n d�t e r e s t o n t h c d t b t e v j d e a c e d b y t L e N a t e u t d a n Y P�Y�t u d I�c t�u�a�fitn utidas�th� ��it.
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<br /> t, T v v:_ — 2.� �[oe Ta�s ao�Imuraaoe. Subjact to�pplic�ble tiw a co�writua waiv�r by Laad+m..Bama+�m�ri�it �.—
<br /> , _. . p�y t+o i.eeder on tbe da9�Y P�Y��aie due uader thn Nota.uati!ttNS Note is pzid in ti�it: ;ce�m t"�Faod��•,��for:
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<br /> _ -- (a)Ytuly uus s�nd assessments whicD a�}t atp�ia @rioriry nver tdia Sr�uriry Iaattuduflt�►s�t lita an tt�PtaBe�;t;F(�?,Y�IY - --.
<br /> Iasa�old payments or�rauid reats on ttfe Ptoperty.if�ay:(c)Y�jY ds:ud or property inw�ntu.�pnzmium�;:f�l3�FauIy °�i�--
<br /> ' -� :aod insur�aoe prenuums.if aay.()Y y tt�� P¢mI a�sumspt��6tft b�8ttji+�wer Y _:n•�...—--�
<br /> ��.s e earl mo e insurutco umsr If ury:snd(f} 1- ' • ---
<br /> W Lender.in aocotdaace with the QmvisIan�of p�rtgtaph 8.-i=t Ueu o E t h e payment o f m�t�ag4 iatsu�nee p s e o m i u m a;�esc - .--
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<br /> itm�s ue called•'Escrow Items.•,Lender may,at anY time,collect aad hoid Funds in an a�ao�t acn ta m�zaood'thA mu�num :�. . ��.
<br /> � • amasat a lender for a federaitY���S+Se Io�a may roq�ire.for Borrat�r's escrow a�aunt��nd�thp fa4tt�1 Reai :: '�-3�.:_
<br /> ' Estsu Settlement P�ocRdu�es Act of 19T4 as ameaded fmm time to�titne. l2 U.S.C. �26�h�.►�seg�:(•'A�SppG•`S7;unless � `^�:�-`::
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<br /> - - aaottur!aw thu applses so the Funds sas a i�ser amaune.IE sa;Le�er may.u ang.time.caua�antt aaltt�E�iinds in an ! - - -=���—_'��'�_- �
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<br /> anatsnt aoc w ex c e�d t h e lesses at�oua� L e a d e r m a y e a�a a t e t h e a m o u n t o f F n n d s fi s e u n t h a h�.a fi t�t i r c e u t d a t a a a d Y'."'r"
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<br /> -:�,' . ceisomble esd�of expeaditanes of fimu+e Fscrow Iuma ar atherwise in acoordsaoe v�nh�apptla�filtiflaw. �.,;�;�. : ' '-'
<br /> =.::%�= 'ibe Fw�ds sball 6e be2d in an iasiitation whose d e p o s:.cs arc i n s i u m d b S►a f a i e r a l'a g�c u r y;,i n m r b m e a t a l i t Y,a r e n t i t y ._ : _<:
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<br /> � - . ._ �ac l i�e n d e r.i f l r n d a r ss s u c b aa i n s i i t u ti an}a r i A a a�F e d e r a l H a�e L a a n&a k.L:e a�t m a�1 1 a P P I y t h e F w s c i s w V�_-
<br /> ;' . WY the E�Ow Items.Lender may not c6arge Bamswer for halding and applymg tit�Fiu►�s,,s�tfs�lt�Y�B��w . ��.
<br /> ao�at,ar varifying tbe F.sc:ow Itr�s.tmles4 Lender�ays Borrower inte�st m�t�e Fu�*.s aa►��plicable Iaw peentits ir.nder �-
<br /> � � •,ri ; � m m�lce svch a ct�arge.Howev�r.l,tader taay rc+quire Soaawer te FQg.a�ae-ti[rr�fp"s an inde:peadent c�l estate _�'��
<br /> ;� iax tepo�tiag setviaa ased by Leader ia oaaaepion wirh thts iasay wiless ap�b2e fiw pmv;dt�.al3�ecwise.Unless a�agtxmait . _—
<br /> � y `' is made ar�pptic�b2e tav�aes�ces interest W 6e paid.Lender sTtati aet Erc caqt�ired tp p;t}��ucrawer auy��rc�tnings -
<br /> -,. - '�� . T on the F��reLwez��.�ender may agaoe ia writing�however,tha�€a�r�st st�tl fti�gaid oa t6e����:er slmll ', �. �w�
<br /> � ;�.� : . '�� - gf ve t o B o r c a��:, .�-�:��e,a a a t m u a l a o a o n n d n g o f t h e F u a d s.s h�:-i c�#craditc a�►3�ebits wtlse�x���porpose � < � : r`
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<br /> ��f � f�0��wW�.�,.,�1,.C���iI'�.�uS�w°:.L���wasmade.�eFundsuepledgedesa�lseaa.tttiy'tfotallsutu�s��gtEtsSecutiry {r .�';� ` 1*''.iaiupi
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<br /> e � tQ�.LRY[���I:L�'-l.i1w�C��O+lllu '� t:.'�:i�/,•:ii1�r` c_,�..—
<br /> . .. . _.. - �$lGFi�S��d�1j1�L'�.?C�1�1C8iCI0�S�Et� Q'CI�WEL �2��L �iS`.
<br /> • . � , far th�ex�ess�a�3s in accordance witlt the reqoirements of app2ica6k la�.If��z�o�tbe F�ids hetd 6��"�at (';,j, ;,i• ,r+�,Y`
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<br /> .s atry time is aot s�cient to pag t6a Fscrcv�Ltr�a whea due I�ndes sa;�psa z Boriuwer ia �ad.is�sr.r�c� , t���;;`�'��`��; ;��;`i'a�s
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<br /> , :`� ► Brnrawer shall pay to Leader the amoaat w mak�u the� Bcriiawer shall maE��g the de�ency in ��''` �
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<br /> .';�:%;%i� � no more ttu�a twelva monthIY Wryments,as�3�r's sae discretiax � �,�. ''�-;.;
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<br /> �.�{�?:;�°: � U n eat in full of a]I suma se��rod bY.c&asS�rtty Insmimer.�;.L a r J tr a h a l l promptly s e f�n d ro�o r r o w e t � ''-�.°;:�L� ? . �et�::
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<br /> .;. 'f;,``.--;,,;:: r`, aay Punds hetd by Lender.tf.raad..:r pa.-ag�ap�s 21.i�� acq�ire or sel�¢ti�Propecty,Lender,prior w the acquisition ��'';�%';:.:::, r.
<br /> .'��s" or eale of the P�p�y.shall agp:y azry Ew��et�by Lender at tl�time o€ac�d�on or sale as a credit against ihe sums , `,'�.,, ���.;�:`:
<br /> 'i ,. ,� "I saured by this S�nriry Inst�aent. , j� :*'.
<br /> .`{�: 3. Applieatic�ot Ynymeata. Unless appUcable taw pravides a�ea+►is�,�ll p�yr�a��ived by�ader w�der r ;
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<br /> .. �t:,� � P�S�P�1 aad 2 shall be appHod:first,to anY P�Yment chatges dt�e wodr3s�t�x Nae;secaad.to amonats pa�ys�blt under � ;�
<br /> • '�'��;,.. puagmpls 2;tbird,to interest due;faurth.to principal due: aad last,ta��;late chuges due under the Note. i •
<br /> 4. C6atges:Lk�. Boaower sliall p�y a}I taues.assessrnent3.c�s•fines and impositions mn"butable ta the . . .
<br /> . I'��•"���: Ptoperiy which may attain ptiority over this Security Inatrument.and Teaact�.'a�payments or grouad cents.if any.Bortowtr ; :
<br /> � s6als pay these abligatlon4 in the manner providod In paragraph 2.or if tyc��pud in that ma�u�er,Borrower shall pay them ;
<br /> . ontime ditectly to th�person awed paymen�Borrower sl�ll Dmmptty�rtwta'sch to Leader all notice9 of ortwueta to be p�id . . �_
<br /> � .. �mderthu pztagrapb.If Barrower m�es tl�ese psyments dic�axiY.Bor�a�er s�tit3 pramptly furnish to Leadcr t�cxipts evldeactag � ,
<br /> . the PiYmsnts• ,
<br /> Borrowcr shall promptly dischuge any lien whlcb has p�iority ove�'�this Security tam�a�ent unkss Borrower:ta) : . -
<br /> "� agraea In writing to tlje payment of tha obligation secur+ed by the liea ra a rnamner accrptablo to l.ender:(b)contests In gaod .
<br /> � ' '�! � fvth the liea by.or dafends against enfarCemant of the lien in,legal�csfiee�ings which In the Lender's opinion aperate to
<br /> , � � � y�ovent tht onforocmtnt of the lirn;or(c)sec�res from thc ho3der of tL�t�lien an agreement sa�sfactory to l�nder subor-
<br /> dlaatiag the lien to this Secuaty Instsument. If Lender deterraiaas ettht�atsy part of the Ptaperty is sabject to a lien whtch
<br /> '�'�•";;��,' � rtuy utain priorlry over�ns�nry�suumeru. l+ender may giti�e Bsrrawer a notice identlfying the lien. Barawer shall ,
<br /> �.,'•;:�,: �.,'i s�dsfy the lien or take one�c�Wra of the�ions set fonh abavc w{tliin 10 daya o!the glving of notia. .
<br /> � � � S. B�or Proper2y l�t�. Borrower shall keep!thb��yrovernenu now cxfisdng or hereafter eres�d oa
<br /> , .. .,,��'r';;�:�., �., �" ` E�rards lnctudcd wttFrin�Zh�i�term••e�etended coverage" and any uther hazazds.
<br /> : :.�:.•�::,��,s - .�; i the Ptayerty�iu;tucA agaiast ioss by tire. . -
<br /> � !`�'�' ' b including flooda or flooding,far whicb LenQer requires insura�ce.�1'tr:�insurance shall be maintairxd in the unaunts and '
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<br /> . ,.��':i`°` '��� i for the perlods fhat l.ender reguires.The insurance carri�:r provid�tg��he insurance shall be chosen by Barcawer subjut to ,.
<br /> 1 kadee's apgro��al whicb shall not be unreas��a��1y wishheld.lf l�crauer fails to maintain coverage described abave.Lender
<br /> '� �� ' ��, m�y:at i.e�`s option,obtain eoverag.°co�n-�t Lender's riphto i�s the Prapeny in accordacua:v�tl�paragaDh 7. ' .
<br /> -�� ' . � E ADl�ee polSe3es a�d renewa:s�11 be acceptabla ta L.snder and shall include a star�ard mortgage clause.Lender .
<br /> �;,,?+•,,: � s�3�J h�va L�t�ght to hold�,:��i:os�rrd renewals.If L,eQdor requires.Bosrower ahatl�romptly give to Lendet all reccipu
<br /> c€pai3 pre��s and renew�a:Rotices.tn the event of�oss.J&�MOwer shall give promy�notice to the insurana carrier and
<br /> � � ' l.e*us."tr.�l,er.�may make proaf ot loss if not mada promptIy�by Borrower.
<br /> `.;:'� �;� t3rle�s ltr.,ndee and$osrowe:otherwisx agrec:in wriling,insurance proceeds shall be apDlied to restmation or repair '
<br /> otthe ptopere�f'�aSed.iP the restoration oe repair is ecnnomically feasibte and Lender's security is no!tessened.If the
<br /> � ratoratibn o�repair is noe economically feasible or Lender'a security woutd bo tessened. the insurance praceeds shall be
<br /> � app Iled ta tJ�sums sc�red isy this Securlty Insw�nrn�,whethtst ar not�hen due.with any exoess paid to Bntrower.lf Bnrrower
<br /> � abandons thd�Praperty.or dces noe gnswer wlthin 36 iitiys�a notice ftom Lender that thr lnsursnce catrier has offered to
<br /> setuea etalr.s,�hen l.ender may collect the insurance proceeds.Lender may uso the praceeds tn repair or restore the Pcoperty
<br /> or to pay suros secured by this 5ecurlty In�ttvment.wkethCr or not then due.The 30�day period will begin when the natice
<br /> is given. �
<br /> ' Uriless�enCer und Ba:rower oti;:.°cu=i5e agt�e imwritiag.any application nf praeeds tn principal shaU nnt extend
<br /> - - cr postpone W�s•due date af�2u:_-�ont�ly�a;:�ents refatred to in par-agraphs 1 and 2 or change the amaunt o�th��a}aents.
<br /> • if�nde�pa►agr8ph 21 the l�i�C;r�y ss ac�:red by Lender,8onower's right to any insurance pollcies and proceei�s r�.::,lting
<br /> .�, fro�mdamage to th�Propert���rio�.to t3�:��isltion ahalt pass to I.ender to the extent of the sums secured by thisSeccrity �
<br /> � Jnsuument immediatety pri�;ca��aca�ifivan. . . •
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<br /> � . � ionn301! 9l90 (page:c¢3 page.+1 ,
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