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<br /> 7'oaBl'HBR wCTH dl�bs impovomena aow«har�tt�e+aatad an tbe properir,and dt ea�w,��
<br /> �na 8xwro.oow or na�e�rler•P.rt of tUe . ,w�ept�aea�aac��raa aadtaoiu.twu «tw e�e coverea by ttds sewdqr
<br /> l�uumon�. All ot the fom�oiu�i�retemed w in �Sacurity�ln�p�umant���'�Y��
<br /> BORROWBR COVENANT3�hu Bamwar lr luwtbily Ral�xl of ttlq e�ot�hi►nby convayad,�a�d iw��re�i�ht to�rmc
<br /> md coavey ihcPr�y uKt lhat the Pmperty is unanaumbarod.�ex�ap�.t�N,ancumirnnce�of rocurd. Barrower w�aod
<br /> wiU defeod Qenatl(y�tie Jtb to Wo Prapacy saainW di claim��ad dom�nd+�wbJect a�ny encumbranoa�of re�cord.
<br /> � 77i1S SECURITY WS7RUMENT combinas unifwm covonanin fi�r. naHone� ose and non-uaifam covenanu wi�h
<br /> Ii�Nled vuiWon�by Juriidictlon w cautitum a anifwa�security inapum�mt�cc►vcrin�rc�l proportY.
<br /> � UN�ORM COVP.NAM'S. Borrawcr+uid Lcnder covonant and ngn��a fqlipwe:
<br /> '`: 1. Pl�yaent otlModpd aod lul�nsti ProP�y�eat aal t.�b.Cb��.l3orrowor elWl R'a�Y WY wheu dne t6a
<br /> princi of and iatercxt aa�he debt cvidencad by tt�o Note and ony�y�tant��nd late ch�rgei due w�der the Note.
<br /> �F�uwL for 71�e�and laarssce. Subject w pp�liaabla luw or tq a writwn.waivc�by l.ender.Borrower shall pay to
<br /> L,uder ai the day monthly payments ora due under the Note.unt)1�ha Nqts fe paid in fuli.a swn("P1mds") far:(A)y�ady
<br /> taua and assessments which mn ottein ty over�hie Security Instnimant+ap a lien on tha Ptaperty;(b)yr.uly lwehald
<br /> payments or ground renls an th Pmpe�ty�. if any; (c) Yearly hazutd or p►opprt�v inwuance pmmiumat (d)yearly flood
<br /> Insurance premiums,if any;(e)yeariy mortgoga insur�nao premiuma, if anNt a�d(��Y aumv payabk by Bamwcr W
<br /> Lender.in accoMance w11h 1he prnvisiona of paragraph 8,in lisu of U�a puympnt,oP martgage inew�r�e Weaoiumss. �
<br /> ltems are c,vlled"Bscrow Itema." Lender may.at any time,collact and he►Id Fbnda in,an�aataunt not to exceed�he maximum
<br /> o i wnaunt a lender for a federally �elatcd martgoge loan muy require fix Borrowerls escrow.Account uader lhe fodenil Rea{
<br /> ;;�� ` Esuto Senlement Procedunes Mt of 1974 as amanded from tima to tlma, i2 U.S.C.�26Q1 eta�Q.("RFSPA").unksa�oo�tha
<br /> law that appliev w the Hmds sets a leRRSer am�wnt. If so.Lender may,at any time.eolisct ond hold F�mda in an oaauntnoi ro
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<br /> -- .' f:` �:" �;,,,h.,t�. �:.'°:, excad Ux lesser amaunt. l.enciNr may est�muus U� wnount of Ilind.a duo an. tha basis oi cunrnt dnte aAd�easa�bk
<br /> ' . �i.,:r°:'��.�;< ;t estimates of expendiwtes af future Escrow Items or otharwise in eccordanao with appliaable luw.
<br /> '" .'.. . ��""-" ',..•�,' The ELnds ahall ba held in an inatituUon whose deposi�9 ar�e insurcd by y t'eQarql�agonay,instrumentaUty. or endty
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<br /> „ �,;;,.,._ ,, -,�k,`� (includfng I.ender.iil.ender is such sm insdtuUon)or in any Fed6ral Hume L.oun Bank. Lendm'shail apply�he Funds b pay
<br /> . ,� ..:=.� .�.•.:••- ,.,..^ the Escruw Items. I.endar ms►y not charge Borr�wer for holding and appiying tha�ndw. onnually anal�retng tha acroa
<br /> .�; ���,:;r:���!��"i*+ '�� . ����,� verifying the Escrow Itema, unlass Lender pays Borrowe� inta►eet an,th�Fundx and applicable law permits
<br /> ;i•';;?:�5;.:",���','• •• L.ender to malce suoh a churge. However.I.endsr muy requir�e Bamwer to pay o ana-tims¢hur�e for an indepencknt real
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<br /> ���%��'������d`�•�•-��'• estwe taa reponing service used by i.endar in connection with this luan,unlues ap liaabin luw provides othenvise. Unkss an
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<br /> ,<i, r°...°:-. .- �•r�. agroemem is mnde or opplicable low requines interest to be paid Lendar xhull nw• o requin�d��a pay Bortower any imeiest or
<br /> °� earninge on the Flmds. Borrower and Lend6r muy ugcce in wdting.however,that•inla�st shpll�be aid on the Punds. l.ender
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<br /> ���Y:�..�.,, .jr�';"�;^�':'"�•...:,.,?t ehnll give eo Bomower.without charge,on onnual accounling of tha FLnds, sho�ving c�ditK and bi�s to the l�nds and the
<br /> ,;,�,��.;} :,,,�.,•,;; for which exh debit to the Funds was made. The FLnds ore ladgad ae additfc►aaL security for all sum.v secured by
<br /> ::;;`� ��;��•':�`�{��' , Utie�Secw�ity Insonwent� P
<br /> 1:�;,�,��?�,: ..,.,,...�;, , �: If tba Funds l�k! by l.ender exceed the umount� permitG:d to be huld by upplluobio law. Lender si�ail accoun�to
<br /> r:`:'''�� � • •'�� '� Bortower fur the ezcess Funds in accaduncc with the requi�+emama of applioablu law. If tha amount of the Wnds held by
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<br /> ;{.,::., � • „�`,:.;-. Lender at 3ny time is not sufficient tu pay tha Escrow Items wben duu, l.ender may�nntify Borrower in wdting,md.in
<br /> f�a � .. . � such case Borrower shall pay to Lender thQ umount neces�ry to mukc up the deFiaiency. Bomower shall mak�e up the
<br /> •� ,,:. .. deficfency in no morc thon twelve monlhly puymentx,at l.endur R�la dixcnttion,
<br /> •.;,.1;.; s, Upon pAyment in full of�11 sums secuned by diis Security Inhtrumun��.Lendcr tihuH p�omptly refund to Burcower nny
<br /> • � Funds held by Lender. If,under purugr.�ph 21,Lender�chnll ncquire cx xell Uio Property.lxnder,prior to tFie acquixition or
<br /> �,, " . , sale of�he Prnperty,shall apply uny Funds hald by I.endar ut tha timo of ucquiaitioo�ar cala as u credit against tM sums
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<br /> .;�tt; secured by this Security Inswment.
<br /> ��•: � 3. Applkatioa ot Payments. Unluss applicublu luw pn►vidu�o�hc�n��ir�:. ull�payments rcceived by Lender under
<br /> `,i�'1'+� • ;+�, '" paragraphs I and 2 shall be appliad: fin�,to uny pnpuymam rhurgeh duu und�r tha Nuta;second,to umounts payuble under
<br /> '�`� '��`:;;(`r parrgraph 2;third,to intcrest due;fuurth,lu p�(ncipal duc;und lust,lu uny lutu cburges due undcr thc Notc.
<br /> ,`"�,,... � ��l�:';: . 4. Cha . Liens. Burrowcr shull u Al! tuxeh, as,c�.mentx, rh os, fines and im sitions uttributable to �hc
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<br /> ��; ° •i* l�roperty which mny attuin priority over this;Security Inr.ttumunt,:u�d luas:ehold puyments or ground rents,if any. Bortower ,,
<br /> j���; • : ' "�� sha1F pay�hese obligatiuns in thc mannor proviJed in par�g�uph 3,nr if nrn puid in thut manner, Bonower xhull pay them on
<br /> , . time directly to the per�on owed puyment. Bum�wer shull promptly Wmish ta Lender al l notires of amount�to be psaid under
<br /> . . . ,�us'�•�>��.� this pAragraph. If Bu�rower makec ther;e poyments diiucUy.Burrower shnll�pmmptly fumish tn Lender receiptti eviden�ing
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<br /> °'' ' •,�;,ti';�:: ' Bocsower shall prompUy di�hnrEcc any liun w•hich hus priori�y ovcr this Securny Inxwmcnt unlctis Borrowcr.(al ugtYes sir�
<br /> �, ° •• .;;�°'': in writiag eu the payment of thc ohligution krund by the li�n in a mnnner acrcptable to I.ender,(b)rontes�s in good fai�h the -�
<br /> �, _' , lien by,or defends aguinzt enfurcemcnt of thc licn in,la€ul pn�cecdinp+which in thc Lrnder:opinion op�:r.►te to prevent ihe ''�
<br /> � •� . , enforcement of�he lien;ar(c1 secur�x from the h��lder af thc linn an opntement sutisl'•rcuxy to Lender subo�dinuting�he lien
<br /> �;,4�-�t V„� • to this Securily Inrurument. If Lcndcr detem�ines iltut uny pun oT the Prop�ny i.�ubj�r�to a li�n which muy attain priority w
<br /> � . ,;:'•,.ti,, over�hjs Security Onstrument,Lender mny give�om�we�n no�ice idemif�•ing the lien. Borruwer sh�ll suti.fy the licn or tuke ,.
<br /> �t�.�. g.}.,.1,;��° ' •;:;'','',`,. ` one or mare of the actiuns set fonh s�bove within t(1 days of�ho giving of notice. -,+.
<br /> �.+� �: . , '�,,,; 3. Hazard o�Property Iaeatrs�nce. Borrowcr shnll kecp the impn�vrmcnt+no�s�existing��r hrreafler erected on the '.,.-
<br /> �'t'��� ' •r` • ' ' Pro rty insured a amtit lors b I�nr,hur.•rnis included with{n the��rn�"cxlend�d rov�rr �' .�nd�n othcr huiarci.r, includin �
<br /> ���� ' „, flaod or flooding Wr whirh Lcmler ruyuiiux ins�airnncc. TAIH inwrunce .hull t+c mula�uined inythc amounts and for the �•
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