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<br /> ��n T(X3BTHSR WITti dl ehe im vementn npw or hero�fter ereoted on the p���rty/��dl� e�emente,
<br /> �,� s urten�nces �nd itxturae now o�h f��ter• M at tha .Afl l�cxmente�nd•ddidone eh�ll aleo be covend
<br /> � by ehie Seourity Inetrument,Atl ot the foro�oina ie raton�d�to i�n thta Sacurlty Inetrument N the"Propercy."
<br /> HORROWBR COVBNANI'8 th�t Harro�ver iA I�trrtully�elAad ot�the aetate hereby conveyed and h�e r,he ri�hc to
<br /> J' �nt md oonvey the Pmperty and th�t the propeny iA unenaumbarod,�eiaept for enaumbr�nce+�oi rocord. Borrower
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<br /> wamnt��nd will detond�aUy the title W tho 1'ropersy���i�t d)olaima and dem�nde,eubjoct to my enaumbrancae
<br /> ��". �. � �� ��-i-; of rocord.
<br /> '` ' `�� � THIS SBCURITY 1NSTRUM�N'f wmbina uni�ifrm covo�unta fur n�t�orul use and non-uniform aovenu►v ahh
<br /> ��:��.;;.�:::' limited va�iations by jurlydiction to con+rtisuto�unit�rm �eeurity InetrumemtcaverinQ ral property.
<br /> "~�'.T•� UNIPORM COVBNANTB.Hormwe�and I.ender oavomnt�na�aroe aa follow�
<br /> `�*'�'�°- �� 1.Pa ment of Priaei 1�nd loten�t;Pn y�naal�nd Lat�Cb�r o�.Horrower eh�ll m 1 whan due
<br /> , :,.. , . , -��_,; y w n� _ � Pt Y P�Y
<br /> � . ' the prinaipd ot�nd intorort on the debt ovidenaed by the Nate md�ny prop�ymemt and late chu�ea due under the Note.
<br /> . ,:,,,,,.;;: �... : . 2. Puads for T��e��od lo�unoc�. SubJeot tn�pplio�ble I�w on w e c�ritten waiver by Lander, Aorroaer ehall
<br /> �-;,,,;.�, �• l;�•'.-�� �y w Lender on the d�y monthly p�ymenb aro duo undar the Note,unt�l tho Nqta ie paid in tutl,a sum ('Punds")tor.
<br /> ' �,���,,,-,F�_.,,;.,�. � a)yarly taxee and aseoeements ahich m�y�eNin ptlorlty ovor thie&ecu�fty lnstrument as a Iten on tha Property;(b)
<br /> ,�,�;,�t yea�ly leasehold psymenU or�round ronte on the J'roporly.If any; (o)yarly haarard or property insurence premiuma; -<�
<br /> ,� ;;,�':i�;;,�:;.: �� (d)yarly tlood ineurance premium�,it�ny; (e)ya�ly mart���o inau�nnae promiume,if any;�nd(f)any auma payabla ; ��
<br /> ^�,,� ;";`�`;;��hy,,���'�h•�.�4 ,S� bY Hormaer to Lander,in�acordmce with the pro«teianAOf p�ra�raph 8,in(iau ut the p�yment at rnortgago insuranae
<br /> x�1,: , ��� •- promiums.These itema aro c�lled Baarow Itam�. I.endor may,�t�ny timo,coilact end hold Funds in an amount not f '''�• �.,�.
<br /> ���•:� s.` �•_ 1�cih�;�,.,f�y1,�;.: '. A' to exceed the maximum�mouns� londm tor a tedoraily relrted rriort a�o laan,may require tor Borrowar's escraw ;�rr.��_ ''
<br />��� �`���::y'�� •+��:�;��:;::��;+;,, � account under the federal Reel Bstau 3ettlomont Praoe�duro�Aot af 19���e�m4nded[rom time to time, 12 U.S.C. , �
<br /> ;.��i . , ;�j``'�''•' •'. '' 3eetian 2601�t ("RffiPA"I�unlew�nother I�w eh�t�ppNes tA tho Funda��lasser amount. Iteo,Lender may. ,. �
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<br /> a. .. �.s:�..,..._:_.:�. .... , at any time,collect snd hold Funds in�n�maunt nat t� eRaeed tho laner�maunt.Lender m�y estimate the amount ot ,1,.,.�.-�,;, -�
<br /> ' •+<}''` ����` � ' Funde due on the besis ot curront d�b�nd t�ea�on�bla astim�ta�af er dituro�oR[uturo Esorow Items or otherwise in '����'=�� �
<br /> �1.4 • � � � �t�."ti.
<br /> , � ':?"� �; �ccord�nce wtth appliceble law. 't:'�;;� �
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<br /> �r.1�',!�'% �1 8 C IR8ZfU 6flt8�lt or entit �+4'-ti�%'
<br /> .. tut o a oee 'te�re inpurod •tederel en rn
<br /> The Funda eh�ll be held m an insti i n h dapc� y $ y, y, y ��•
<br /> .r'� . �� '' �' ������' (inolu3ing l.ender.it I.ender ie such an institution)ar in any Federol I�lnmo I.wn Aqnk.I.ender ahall apply the Funds to ��`�''.'"'��'
<br /> . � '`'�''"" ' ` pey the Eecrow Iteme,Lender may not ch���e$orrowor fo�haldina�nd applyinp th�Funds. annwlly enalyzing the ''+. �,:'':`
<br /> �� � escrow eccount,or verifyin�the Escrnw Itoms,unless Lendor p�yd Bomowor interaat on tha Funds and applicabie law � �� `�,:
<br /> ' � ' . , �ermita Lender to make such a ch���o. Howevor, t.endor may requiro &�rrower to pny e one-time char�e for an :�;,
<br /> � .,. ., �, ^ independent ral estsu taz raportin�service umod by I.endor in c�nooction aith thie lo�n,unlesa appliceble laa provides '''
<br /> , � otheraise.Unless�n a�reement ie m�de or appliaabl�lew roqui�a intareet to bo psid� Lendar shall not be required to - ''"
<br /> ' pay Horrower my interoet or earnin�e on the Funde.Bnerowor�nd I.endo�m�y a�rce in writing,howaver,thet intereat
<br /> i.,,: " ' `` ehell be peid on tho Funde,l.ender ehnll �ive to Borrowor,wiehnu�oh��Ro,�n�nnwl pocounting af the Funda,ahowing ,
<br /> �:.s.,. .`: . ' credits and debits to the Punde and the purpose tor whiah eaoh doblt tn the Funde waa med�.The Funds ero pled�ed�s
<br /> ' �".^ � additional securfty tor�II eume seoured by this Securtty Inctrumant, 4 ._?i±,i�'„�. .
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<br /> � `>'���„� ? It the Funda held by Lender excood tho amounte permittod tn he held by�ppIlusbin lew,Lender ahell account to .it.�'; ;
<br /> � ' � �`'`� Borrower for tha excess Funds in�ccord�nco with tho requiromenle nl pppliwhlo IAw. 1P the�mount ot the Pu�ds heid ','�•���'�>' ' "' ��•
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<br /> ; �:,,.,�� , b y Lender at an y time ia not autficient ta p�y tho I?�row Itame when Jue, I.xnJer mo y sa notif y Borrower in writin g, `. 't;
<br /> � , and,in such caea Borrower ehall pey ta l.ender the�moum noc��y te meke up thn detiuienoy.Horrower ahall make `�� `�:: �;�
<br /> . u the deticienc in no moro than twelve monthl ����`�""�'•'•�
<br /> . ., P Y Y WYmoma,�t l.cnJnr'A e�,lu Jit�rotian. ��.,....�,�
<br /> � Upon payme�t in tull ot all aums securod by thie Socurity In�trument,l.endor nhrll promptly refund to Borrower ;;;:,�;
<br /> p� �•� eny Funds held by Lendar. If, under parsg�aph 21, lxndor eha11 �oyufro or ecll the 1'roperey, Lender, prior to the �'��'�
<br /> ' acquisition or sele of the Property,ahell apply any Nuncis hnld b�•I.enilar�t thd timn ot�oyulxition or sale as a credit ,.,��,.,;, '.'.,'�r;r
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<br /> �,`' • a$einst the sums secured by this Security Instrumnnt. k,
<br /> ''r 3. Appliatlon of P�yment�. Unles9 applicsMld Ibw pro��idaa othdrwir�e,rll Mymvntn ra:eived by l.ender undcr ` ��
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<br /> t,t' � paragraphe 1 and 2 shall be applied: tirat,to any pre�yrnnnt chiry��+Jun unJnr thn I�utn;serond,to emounts payable r •
<br /> under paragraph 2;third,to inte�t due;tourth,ta pnnu�pd duo;�nd la.��,t�►Auy Iwte chs�Rav duo under the Note. � • ,�"'"
<br /> �l` 4. Chsr�ea; Lieae. Borrower shell pey rll taxav,r�.s�eRVmume, c1ir��cn, tinr�»rnd impotitians attributable to the '
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<br /> � .,�� Property which m�y attain priority over this Security (nstrumtlnt, und Ir,�nholJ Mymtlntx�r�ground rents, it any. .
<br /> . Borrower shell pay these obligetions in thc mmner rm��idod in p�ro�roph 2,or if nnt Mid in�th�t manner. Borrower � •
<br /> ' ' ahall pey them on time directly to the perr,�n oaed pe��rnent.l3urro���err shell prumptly(urnieh ta I.ender all notices of � '
<br /> amounts to be paid under thia paragraph.It Horrower mak�w the�e paymrntx dirKtly,li��rrowor shrl I promptly turnish k
<br /> ' .". to Lender receipts evidoncing the payments. E ' ;����;� 1��
<br /> ' �° Horcower shell promptly dischergr en��lien which hu priority n�•br thi��!�.r;urity Inqtrumrnt unlrss Borrower. (a) s ,'•;•:. �y�
<br /> ' � egrees in aritin to the payment ot the obligation securesd h��tha Nan in r munnrr accrptahlr tn Ixndor; (b�contests in
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<br /> ' good taith the hen by,or detends ageinst antnrcemant��f thd lidn in, Idg�l��n���rrJinkR whirh i n thn Ixnder's opinion f ,r�` ,
<br /> �. � • operate to provent thB entorcement oT the lien;or(c)fircur�.�t�v�m thr hnlde�r�d tbe lirn an�Rrrement�tistactory to , '
<br /> � � � � . i.ender subordinatin8 the lien to this Se�:urity InstrumdnL If I.rndrr dr�urminrx thut any Mrt o� the 1'roperty is subject •
<br /> to a lien which may attain priority o��er this Security Instrumnnt,I.�ndrr mry ui��c li��rn�wer�+ noeice identifyin�the
<br /> , ,� lien. Borrower shell satiaty th6 lien or take one�r mnra aF tho actiuns:;rt (�►rth�M��•r within 10 J�ya ut the�ivin�of
<br /> ; notice.
<br /> t ,1� i�� 302� 9/80
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