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<br /> �, ` • ��Mli[d`t1�W Ol�tT�PQ1L Sf j�Cfa►.«AII tCFI�lIY�NS id�i�QlIS B���Si?btl C�YGt't��1�SOCtt�y. . '
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<br /> , : • :.•B��QWEEt COVEN�k1VT$tf�SQlnDWlt Ig 1iV�'Adly 6LISOCt�Of lAE 4Stita lxteb�.coaYO�tl Qud ti�S tt�4 ri�►t 4q gt�t� . '
<br /> � �ud�.�������a@ th�t!pe P�nPectY�la uoencumFx�.caoept is�aa►c�►Ern►cas df c�ecord: Bacrow�r w�ttutts t�stid ` .. --
<br /> � wi!! rhe titls ta the I4;opettyt agsinst n1t c11l�os eed dttouid�,sabj�tYQ ea;Y e�cn¢�ble�taes dP�.•• � ;° - .
<br /> - , , 'E'�ifS SH4tJRl�St 1NS"iItLTA'ID1�ST caefnDiu�s ut�ifoten co'ves�a�ts.for aatiaea}�us�C a�ao�nifosm�cove�ats wIih
<br /> � ` limited aratt�aas 6y�ur�lictiion to cbastituiz a a�ifom�sa�ity ias�nnonent oNveaIa�tr,�l pta►petty.� �
<br /> - _ .� ' t7i3l�D�A+f C�fiBNa4i�F� �.'r4rve�ar�!i�+�ts�3�easfrs:[saro• ' ' _-=---- -- - —--
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<br /> • ptinclpal ofarid�on@tedebtevIdeacedbytII�NoteandanY PnPayatr�sand Iatecharge�due uude:me Note. .
<br /> Z. �Fhad9 i'br'�es.amd�SuDjocc m app31s�D2�taw ar to a written waiver by Lender.Soirowas�ll pay co -
<br /> i.rnder on the day aroathly.p�ymet�s are due uader the Notc,ur�l d�e Note is pa�d ia fulL�swn t"Funds"j for.(a}yeaiiy --
<br /> taaes and esse.cmnenm wbich may esmin�r over i19is Seauity Iastn�meat as e 1[ea on th�se Roperty;(A���arlY Iea�Ilold•
<br /> pa�y�or gcound r�ts an the Fmpe�ty. if anyr,(c).Yea�lY�ard.or pmcr�terty iasuraace prernfuma:(dj 9�Y ��
<br /> insa�au��e pmemiums.if s�y;�(e)Year1Y mortgage ins�srance pmeadums;if any:end t�any svms payaDIe by Borrowsr to .:
<br /> ;Lsude�in scoo�danae with tae�avts�ans of pa�agapb 8,ia 1�of ttte gayment of mortgage taswrance F�ioms. 'ihese ' =—
<br /> items at+�caUeti"Fscmw Items." Lender may,at any time.coIiea and hold Fimds m an amowu ctot W exaeecl the ma��imum
<br /> ... ... � . emaunt g Imde�far a fetletally retat�d moitgage toaA-�maY teiluize for Boimwer�-c�aaw aoanunt under the fedeia�Reat-.. .
<br /> Estats SettteaienL�Pt�ooe�es Arx of 19r14 as amended fi�nm M�ta ame.12 U.S.G§2b01 tt seq.("RS.SPAry.�unlesg amother .
<br /> = law that�plies w the I�ds sets a IesSer amount tf so,Leader may.ai aaY tIme.collect an8 hold Ft�adg in an amotmt ttoi to .
<br /> pcoe�d tlte I�ser amouat l.eader may estimaze tbe amonnt of Rtnds due on the basis of current data aad reasnnab2e �
<br /> , estimates.of e�pend'ewres of futlxtte Fssmw IIems or ath�rfse in a000rda�e�vith apglicab2e Iaw.
<br /> 'ttie f8�ads sha716e deld in an institucoa whose deposits are�iry a federni agenry, in�shum�alin►,or eniiry
<br /> _ _ _ �� ,
<br /> .(incIuding I.Ender.if Leader is sttch an insatutiaa)or in any Fede�al Hume Loan Bmtk. Lender shaU apply the Rmds to pay
<br /> - - t4e E4�+Dw Item.�."Lendet rt►ay nnt cha�g�Bomawer-f8i hotd�aS��tt apPlying dna E�ads;annnatiy anatyting f�He eseiow- - r------
<br /> s-- a000nnt,or ve�ifjring t6e B�row I�ats,:uatess Lender pays Bomower iaterest on the Amds ead applicabte iaw pezmits
<br /> - - Lender to matie such u�Fra�e. Howevpr.Lender may tequice Bonrower to pay a one-time c6a�e for an independent zeal
<br /> -=- estate tax ceparting servr�',�d by L�id�t ia connection with ttis toan.anless spplicaDle taw pmvides othe�wise. llnless an
<br />� - ------__ ageement is u,�de or ap�i�'able law�+equines iaterest to be paid,Lender shaU not be cequiied to pay Bmmwer any interest or
<br /> --��:°` �.�aiags at�ti�3�imds. S�ipwer an�E,eipder may agcee in wriring,however,that intenst sUall be paid on the Fimds. I.�der
<br /> -----�'��'` ::shall give W�aamwer.vvititaut cflarge:et�annuai accowtting of the�tnds.showing credits ead debits to tAe Flmds end the
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<br /> ,-=piWose ftx�Ich each deDit m tt�l�mds was made. '!he Rinds are pledged as additioual secwity far aU sums secure�by
<br /> ' �a thia S��,strument, . . . �`°'_ —
<br />- � �..�.K'?;-�;,.�"`� If Poe:�ds heid by l.ender��cc�tfle amounrs pertnitted"ior A+�hetd by applicable la�ir;,��.�ender shall account.to�,`
<br /> • .;��`�-?�-:,=` Bmmwer for�he excess fi�nds in aa&r�aace with the r�qu�rements,a�apglicable 1�w. If the aa�mt of the l�ucds held f�r.; �-
<br /> `` T`��4�`�'�` �� � Lender ai eny time is not sufficient to pay the Escrow Iteins when du�;I.enderus���so notiffy Bormwer ia wd6ng.aad,ia�•
<br /> :'�y�;�R���t:`'`-"'.;•,`r.�� such case Bomower.s6att�yy to i.ender the amouat aecessary w make up the defietency.yBmmwer sha�.uzake up the =_ � __
<br /> '�`�t��`-',;�;'�� �'•`'.� defccieacy in ao mone tD�a�i�+e montWy payments,at I.ender�s so2e dissr�etion. �;_,,,,,�� s����:
<br /> ' +< , .: ;, Upon payment in ferSl��11•s�utt�sexured by Wis Security I4smia►ent,Lender s�aU PromptiY c�fnud to Bormwer auY ��_- �
<br /> _ ': ... ,•y.'r • Flutds hetd Dy Lender. I�:u�ster.ga�21,Lender shall acquiie cr seU the Ptoperty.Lender.Pnor to tha a�uisitian or � ':�.
<br /> ,� i..� 8�o�f be��erty'shatE a�ty aay�uads d�eld Dy l.ender at the r•"me of acquisidon or sate as a ctedit agaiast the sums }-?����._
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<br /> ' � � � 3. Appliratlon aP.�eats. Unless applicable.aw provides othenvise aU papments reeeived by Lendet under '�, � , �
<br />_ ' '�;.�.;��,``, paragaPt�.c 1 and 2 shall,bs�gptied:first,to a�Y prePayment charges due under the Note:second,to amouats payabla uttder ' �-.,'��'����'
<br /> ��� � I � paragrapb 2:thitd.to intere�due;fourth,w principal due:azcd last,tcr any lata charges due uader the Note. . ��t��i�.
<br /> � ��'���=�'
<br /> � . 4. CDarge9;Liea4. Borrower s�alI pay aU taxes. assessaie�rs.charges. fines and impositions atai6utabla to the .. .���z,�k;_
<br /> '_ , Property which may attain priodty over shis Security Inswmen�an6[�sehold payments or ground rents.i f any. Bom�wer • . ' ':;,±;�;;u�,�,_,,;.
<br /> � � shaq pay these obligadons iss the manner provided ia�aragraph 2,or if not paid in that manner.BoJrowCi ehall�}r thelri oA , " �`r°•�r-
<br /> �;�����' :; eme directly to the persm�r,o�+ed paymen� Borrower�all prompdy fumish to I.ender a11 notices of amounts tv be g�aid under , ,,� �
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<br /> : ,. q u s p a r a g�r a ph. I f Bo r r ow e�rnalc es t h e s e pa y menu d i r e c t l y,B a r row er shatt p r u c u�s y fumiah to L e nd er recei p t s evi d en c i n g ��,,ji,, --
<br /> >>��;• ` the Qayments. • . : �`-,i,fi��.--
<br /> ' ;+,��' Sosower shal!pmmpqy discharge a�y tien which has pdority over tfus�riry Inswment untess Horrower:(a)agees •.k�`
<br /> r:.:.���ha;,;.,.-.��.��•;�, in writing to the payment of the obligati�secured by the lien in a ma��accepr�ie m Lender,(b�contests in�gaod faith the ,,}�,:+, �,:....' ' . .`.,��
<br /> , lten by.or defends agains��'orcement of the lien in.legal proc�din�s wMch in the Lender�s opinaon operate m prevent the � � .
<br /> _ � � �.: enforcement of the lien;oz(cp secures from the holder of the lien an agreement sa[isfaaory to Lender subordinating the lien .ti';',�,;; :� •�'� .�
<br /> ' ' .'=�. " ' ,, ;�:,,... .:t• _:. -
<br /> ', ,,�, �;,�:, to tlils Security Instrumer:� If Lender determines that any part of the Pmpecty is subject to a lien which may zttaDn priority. ,F . ;,;����s, ,.
<br /> ' r ,;ts,- over this Secudty Insuutnea�Lertder m�give Borrower a nodce��cefying the lien. Borrower shall saasfy she tien or rak� ��. , � �r..,:-
<br /> ' �+{t� one or more of the act�ons set forth above c�i�hin 10 days of the givir�g of notice. ' ?R��;i:` �
<br /> � '� --�° . � � . 5. Ha7ard or Pra�erty��� Borrower shall[ceep tl�e irnpcovements now existing or hereafter aested on the . ,
<br /> �. . �...•,•. ';�..;i":°;:�. .:
<br /> �� •::•. PmpeRy insiued against tass by fire.�ar.ards included within the term"extended covemge"and eny otlier haz�nis.�acluding a��=�r��' �• ,�� � �
<br /> �� . �_.,;s;, . , ,_
<br /> ;. f�oods or fIuoding,for wiuch i.ertder mquues insur�ce. 'Ihis insurance shall be maintained in the amounts and for the �����, .,, �;:
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<br /> ` � Furm 30I0 9/90 (pa8e 2 oJb pages) •:"".�{`;jl�;�,�';
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