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<br /> --- � ` •�` '11DQ�F�lBA.WTTH el1�t8 it�r�t�dts 4a�►cr f�t�ft�s�ed`o�i t�e p .. }"�sd a�'l� . � � �. --
<br /> - � � `� ��r oi�e�e`r•e p�t of ttte ptm�eny: A1t �P�� aaQ�tldid�sh�it°�tsff�e�oovert� t�y t�,Sacuad�°.� . ,:-..-.
<br /> -- ` ` Ynsuumtat.Aii of the foregoiea$is��w�tD�s 3�.dty insteum�nt es�3te"Fm�crty:': t,. �. ' . • _ �
<br /> -- - _ - - =-�g+r7�'iR@i�.�.'c��'�isi�i"�-`��3m3�i�-i�vi�se�ioitl�i#ic��Y^ps'1���°-���'='�� -. =-, - - -
<br /> � - cQavay t!►e�iqperty.atM th�t dto'Pmpe:iy i�tt��cUmt�eta8.exc�t#'or encualbte�s iuf.i�rd.Sorica►Er war�ts�a�J�ll:.-�.,� �:��
<br /> - - defGnd Stne�lfy th+c titlo�o the F�+opacl�►�aIast a!1 clai�s and dsm.ands.subje�#fo any ericuaibra�CS of rerorQ. ;�, `.` ° � -. �
<br /> - T�IIS SE�URITY IN5T'AUMEN'�wm6�xs unifrnm oaveaartta f4r l�dna}use aad aci�ag c�veaasyta w-�t�►limit�c! ,��
<br /> ---- - . . x. �
<br /> - - - ',i�ari�tiong by�vBsdlaFo�l to oonstttute a unifo�a�r'ins�ur�ecd c�+►e�ig t+eal FmP�3'•. - � ` - � -
<br /> - . LiNlFQRM COVBNAI�T'FS:Bormvver aad Le�ts3cr oovenanti arid agine ss followS: �` - � � . •
<br />- � 1. �mt o�P14ndp8!�td�Yret�9�����8�.Botm�ret ehail pmtnpily Fay vv�m�dca tRe ', -
<br /> p�s�of aa�Iflterestonilr��sDt�bXth�:N���Y Pre�a�t-sndlate.�due under the Note. '-_. `
<br /> - -_. -- - �
<br /> - - ---
<br /> . --- . . _ -
<br /> 2.Fluads for'gaa�oad Lnsaasnoe.�ubjact w spplicablc taw.or to a written waiver b,v Leuder. Bomower shati pay to -
<br /> ------ Lt�Qer on the day mo�tily payAeents are due under the l�iote�wit�'the Note is pa�d'm fbtl.a sum('Funds')for:(a)year�y tases
<br />= - an�a�es�ats whicb may attain prFarity over tHis Secutiry Iast�tunen�t a�a I�en ag the Pmperty:(b)YearlY tease�old paymenta ,
<br /> � or ground rents om the Prope�cRy.if enY:(��Y�Y�a7atd or pmperty insuraace gremiums;tdJt YearlY Rand iusnrsace preminms. �
<br />- if anY: (e)Ye�ulY mortgage insuianoe premiums,if aay;and(�aaY stmos Payabie by Soau�ver to I:eader.in a000nda�ce wIth � ,." . �
<br /> the pmvlsIons of paragtaph 8,in lie�of the payment of mortgage insuraace pr�inms.These items ure called"Bsccow Itt.ms.' . �
<br />-- — —= t,ender may.at any tlme.oollect sitd kold Fl�nds in an amount not to exceed the maaimam amuuat a leader for n fedecatIy
<br />� — tcIsoed mortgage losn mgy c�quf�+e for Horrower's esc�nw acoount uader tlie fedeaa�lteai Bstate Setttemene Pcoce�u�s Act of
<br /> —�--=�-� 197a as emended&uta tlme to tirue, 12 U.S.C.Se�ioa 2601 et se+q�("RESPA'),unless anothet Iaw that applies tu We Funds
<br /> ��"""�`�" sets a Iess�s amount.If so.i.eader mey,at aay time, wllact attd�td Funds in an emaunt aot o�exceed the t�ser amawat.
<br /> --�`"��'���: Lender may e.stinmte the amount of Funds due on the basis of cvr�en#dat$and masoaable estimates of expgndis,ntes of f�te�re
<br /> — ''`'�" �scmw Items or otherwise in axordanoe with a hcable law.
<br /> -- :�:;� . . i pp• . � .
<br /> =�;:r�r.�.��-.-., :_. :.. ,
<br /> —� �'°'p'°°" '��' The Funds shal! be held in an institutian whose deposits are insuie�t bF�.foderal agency. instrumentalitY• ar e�ti�7►
<br /> —�L:fi�S. :�lF'�:�,�:,17��5' �
<br /> `"�"' '�-�.."-. (including Lender,if l.ender is su�h ea institution)or in any Federal Home LoaQ.�.E�shall eppIy the Funds tn�ay tbe
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<br /> ��`�� �, Escmw Items.I:ender may not ci�arge Bamnwer for holding end applying the Funds,�araar�iiY�Y�S���w aaooiint,of < .
<br /> 1�,:;<:�:;:�, :'
<br /> '.�,�;�,:,;>;:�-.. � veritjring the Fscmw Items.�nless I.ender pays Borrower interest on the Funds and�applicaHIe taw Qermits l�eader m malce s�ts1►
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<br /> �:.;�:.•c._u.,.n,. -_.�< : a charge.FIowever.Le�er may requtre Bon+nwer tn pay a one-time charge for an;indepeadent real eatate taa ceporting senr2ce.
<br />-_`"�...:. .. nsed by Lender ia wanection with this loan, unte�s applicabte law pmvides oihercvise. UWess an agreement is made or
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<br /> - .�;:;::.,:.c__,;,�: ,, � . applicable law requires intemst w 6e paid�nder simlf not be required to pay Borrower au}r interest or eamings an t6e Fuads.
<br /> - �� •�'-;:.:. �. ,. .. ; Borrower and Lender may agrxe in writing,however.that interest�all be paid on t6e F�ads.Lender shall�iv�W Bormwer, .
<br /> 1:.:�`:..�.�. �L�P.1�.. �.� .
<br /> '��,:;:;:; �..,:,..�,...... without d�cge. an annual accoundng of the Funds,shoaring credir�.aad debits.to the Fiucds and the putpos6 for ahEch ea�
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<br /> :,,1;�..:. .:.....:.� :.:�, debit to ihe Funds was utade.The Funds ate pledged as additional'security fo�a[G�s'sec��tect by tflis SecurIty InshumenG
<br /> '°*���• - ' If dte Funds held by Lender exceed the amounta pemutted to be�hel@ 6y�.ip�,�a61e law.Lender shall acoount to Borrower
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<br /> r Rr,::.-;?<,,:;_yt�t":,; for the excess Funds ia acoordance with the requirements of appltcabte law. I€��nt of the Funds tield by l,ender at any ---
<br /> -• . -•�-::,,r�� . time is nat suffccient to pay the Escrou�Lrems when due,Lender may so no6fy�aeg ui w�iting,and,in such case Bmrower `��`
<br /> `,��°``��`•�t'. �`..��;.��'� shaU pay to Lender the amount ne�ss�g to aia�ce up the deficiency.Bor�wer��lt'a��e ag the defciency ia no moie than --
<br /> .. �,,� •.� -• . . :.. . • '.� . ._ . —
<br /> ,o�.,.:..<- ::: .`. , : : twelve monthly paymer►ts,at Lender's sole discretio�. • --
<br /> ' �`'� " ' Upon paymeat in t`c�� of all sums secured by dris Securicy Instrument, L�nder shal!•promptly�fund to Borrower aay
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<br /> �!�•�� • . 1.<� ' Funds held by Lender.tif_under paragaph 21.Lend�shall acquire or sell the�erry.I.ender.prior to the aoquisition or sala
<br /> � �����. ' .. � oi the Propa�ty.shalf appIy any Funds held by Leader at the time of acquisirion or sale as a credit against the swns secumd by �'_-
<br /> ;� , .y: this Security f�sinruent. -`t�v=�`—
<br /> � �; .: >•: . �.
<br /> ;�"�'• � 3.Appltcation of payments.Unless applicable law provides otfterwise,atE�ayments received by Lender under paragr�s'� �x,.�:$_-°
<br /> ^''�^� � 1 and 2 shall be a lied.first.ta an repayment c es due under the Note:seo�nd, to amounts a abte under ara 2; . ; �=� _
<br /> .<_? . PP Y P �S P Y P S►�Fb �.: .• _ .
<br /> � -'�' .' � • third.to interest due:fourth.to principal due:and last,to any late charges due ur,�the Note. � f��•� ,; :�
<br /> �'�.`".. ' � '. 4.Ch _ _--
<br /> � ' arges;Liens.Borrower shall pay all ta�tes. assessments.charges,fcr�s zn�impositions attributable to the Propetty •' �. •--
<br /> .`;.V;.�;`�;.� wMch may attain priority aver this Securiry Instnrment.and leasehold paymerss er groand rents, if any.�orrowor shaU pay �,�-=-��—
<br /> - ---- ,-- ; these obligations in the manner prov;dect in paragra�h 2,or if nat paid in that rt*ar..��r,Rnm�s��er shall pay them on sime directly :' '��'�--_
<br /> � �:;'�.�'^� � to the person owed Qayrrtent. Borrower shall promptty fumish to l.ender all rmtia s af amounts to be paid under this paragraph. ';u-; • � �—�
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<br /> ° If Banower makes these payments directly,Horroa-er shall promptly furnish ta i.�n�er receipts evidencing ths payments. �` `;°--_._
<br /> ' ' ' ' Borrower shall prampNy discharge any lien which has priority over this Seeurity Instrument unless Borrower:(a)agrees in • .• ,�:
<br /> � � .• '' • �� � writing to the payment af the obligation secured by the lien in a manner acceptable to Lender:(b1 contests in good faith tliee Cien ����"�� '
<br /> � '1"� �'��` � by. or defends against enforcement of the lien in. legal proceedings which in the[.ender's opinion operate to prevent the `�•� ,; �.•���i-;`,�:�.�
<br /> . �.
<br /> ' )� enfarcement of the lien:or(c)secures from the holder of the lien:in agreement satisfactory ta l.ender subordinating the lien to - � •
<br /> 1'• ,. this Security instnrment. If Lender determines that any part of the Property is subject to a lien which may attain prioriry rver • '. , �
<br /> � �� • ,. •. this Security instniment, l.ender may give Bnrro�ver a notice identifying the licn.Borrowcr shall satisfy the lien ar take one or ,',,,r;;,.,,��,�, ; -
<br /> �; ' more of the actiuns set forih above within 10 day.vf the giving of nntice. ` � ° : .
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