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<br /> ��,`�Y. .-.�� ,- : -` . ''TOCiETElBEt Wi7'F!till the imp�ovements aoN or he�eaRe*em�ted on the p�opPrsy►.and al1 easement�.aPPiueen3zues�ead� -- -
<br /> �i ��--`i �Rtl1FPS flOIV QP IIC'ii.3�4T II(�3R Qf the proyetty. AA seQGuemerats and �ddit�on� ahall also !se �vc�sl by this 5ecuriry --
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<br />�.;r�. .,..,. �_.._.. [nstruruent.Alt of tT:c forc�saing is ref�rred to in tRis Security I►tstn►mFnt as the'Fmpe�tyr. --
<br /> - , ,`;.'�""'.r � 60FiltOVItER rOV�NAl�i7'S th�Borroaer is la�vfuity seised of the estnta hcr�by tonveyed and h�s tFt;ri�hi to�rnnt en� _
<br /> �'.`` `" ' ;<-�:`'�` ecsnv the Yroperty and that the Fcaperty is uc�ncumlx�.cxcept for rncvmbrances of e�eord. Qnrrovser�v�[ants onc!�vitl —
<br /> =�v a�;;°''�.-`�`:`' . . � inst aSl sl�ims and d�s.subject to u�y cnc�mbrar.cts of se�cord.
<br /> '�K=�-:.�_-,«.;a�;,• dcfcnd�enerulty thc citte tn the Prope�y aga
<br />'`�.'�� . " 'CkRS SECtJRTTY INSI'�UMENT aombines unifWr�c�venants fos natiena9 use aad non-an�famt rovenia�Wlth fimitc�
<br /> :a.. • � ,
<br /> „��. .,�:, •,` . v:sriations b�r jurisdiction to constitute a uniform securiry irrstrument wverin�real proy.ray.
<br /> . ° `, UNIF�RM COitEN,P►N'i'S.Bonower and Lender cavenant and�gree as fblla$orcnrrei shal�prtm�pt9Y FaY tv�2n due ttte
<br /> .� i.i�pmzn!a�8rla�ipal�In4erc�s; S+eP�Ym�t aad Late C�• --
<br /> F ,:: -y - 'and lste chargcs due st�tlez�1�iot€..
<br /> s 4 principal of and intesest on the debi evidenced by the Note a�td az►y p�Ym�
<br /> t.Fm�dts for�'ases att�Insurance.Sublect to applicable lativ or to a writte�s waiver by F ender.�orrawer shall�y tu'
<br /> %s„�e.. <- < ; :. [.eader on t6e day monthlY FaYm..°t►u are due aader the Note,e�t he N o t e i s p a i d i n full,a siun(°�unds")IQ��ald 'y��
<br /> ���.:�.:.�.+.K .,`` � which ma attain riorlty over this Se�surity Insuumeat as a lien on the Pmperty:f b)Y�Y P,��' '
<br />-==i;:�.,,, ��,;�"�" ;� and assessmencs Y p ��or insumnoe g�emiums:(d?Y�Y tIoocl insnr,�noe premiums.
<br />-n` ::z.;. .. : `., or gc�und rents on the PropeKy.if any:(c)YeartY PmP�Y able by Bo�s�ower w I�ndei.in ac�rdauce with
<br />:-.� ,y, ,. .. - ear! mon insurance premiums,if any:aad(fs anY s�PaY
<br /> �4�;.�� ; 'if any:(e)Y Y �� �of mortgage insuiance�mamiu
<br />'--��:-;�_;;:_� Fina ms.'t4iese ite�s are called"EsCmw.IEe�s.° .
<br />�=.;�":;,=� ;= r�:• tfls provisions of paragraph8.in lieu of the paY
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<br /> _��,.._;. � ...:�._: , Lendea may. ai any pme. aolle�and hald Funds in an amount nat to exceed tke maaimum amoant a lender for a feder�it}r�-
<br /> � ` related martgage loan may require for Bormwer's escrow aceaunt under tby federal Real Estate.Setdement Prac��s Act af .
<br /> '� �� ,•� 1974 as ameadal from time to time. 12 U.S.C.Seaion 2601 et seq. ("RL�"�'&i').untess an¢ther taw that a�plies ta'the F�md� .
<br /> _'�`�y�<� -,•°'� �.' � sets a lesser amount. ff so.Leader may,at any time,ooltect aad hotd F�s�in,an amount�tat m eacaneti the te�et a�.
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<br />;-s • of expenditums of futnre .
<br /> '-s`:.�r%,- .`'"�� � � I.ender may a4timaze ths amouat of Faads due on the basis uf c�urent data zc�di m�asona6le p�*:�,ar�
<br />-'��` Fscrow Items or otherwise in accardanoe wttb applicable law. �yty� or entity ,
<br />_�� • • •� The Funds shall b� he�d in an institution rfiose depos'sts are insured-bY a federal agencY. �
<br />=-'-_�- --, l�j;,�- (includiu�6�nder.if Len�er is such arx institntion)or ia any Fed�aaf Home Loan Bank.Lemd�s4all appsy the Funds to�y the . .
<br /> Le the Estt�ow acc�:�i,or
<br />' �. `± � •y r�*.� � wer foi hofding an�^�� Iying the Fands,annuallYr��Yz!�S � � .
<br /> Esrrow It�s.L.ender may not cHarg�$ocro ucable yz:v ts Lender to ma�e sach ,
<br /> ���.r.`.'' , ' verifying the Fscrow Items,unless I�der pays Borrower iriterest on the Funds�d app� Pe� :,::,
<br /> .. • a charge.However.Lender may require Borrower m�.�y a one-tima cF�rge�4n_independent real es�aLe r2_x repu�5ing�etvice ;:::;.+,
<br /> -- --_ used by [r�der�in co�on with this toan. uv.'�r�,applirdhte Ia�v provi�.�s qtherwise. Unles.s an ��i;eemeni is �m�.'e or -
<br /> � T_ - .. .applicabie�a.iv requires interest to 6e paid.Lendes shall not be roq��to pa,y'�orrowcc�fuy irueie�or�mn the�t�nds. :.
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<br /> ' . Borrower aad l.ender may agree in writin$.howevec.that irte�s'nall be Qa:d on the Fw�ds.Lgnder shall give to Enn�,uer, , '
<br /> • � without charge,an a�nnal accoundng of the Funds. showin$ cre�fits and dei�i�•co the Funds antl tfie��.Se for v1��kt:�ach '' :;�'.t:'.
<br />., � ,:... . � . debit to the Funds was made.The Funds are pledged as addjt'uona!security for s!;sums secured by this S�iixi��jnstiuse§`�t- '•'°'�'
<br /> 4` ' • If tItee�unds heId'oy Lendes exceed the amounts permitted to be hetd by applicabfe law.[.ender shati nu�tmt to gcsmWeT "
<br /> � ' �' for the excess Funds in accardance witb the requirements of a�plicabte latv.Yf the amount of ths Funds hetd by_Le�id;£�t anY
<br /> � time is not sufficient to pay the Escro�v Itetns when due.Lender may so nutify Borrpwer in wriung.and.in such c�se Burcawer
<br /> • shall pay to Lender the amnunt aecessary to make up the deficiency. Borrower shall make up ehe deficieacy in no mor�than
<br /> • � � t�velve monthly payments,at Lender's sote discretion.
<br /> tefuad to Borrower aay
<br /> " LTpon payment in full of all sums secured by this Serurity Insuucaent. Lender shall promptly
<br /> Funds held by l.ender.[f,undee paragra�h 21•Lender shall acquire or sell the Property.Lender,prior to the acquisition or sale
<br />- . .. . • . � of the Ptoperty.shal�apP�Y anY Fun�s held by Lender at the time af acquisition Qr sale as a credit against t1:e sums secur2d by
<br /> � �"• this Security lnstrument.
<br /> � • - � 3.Appfia►Hon o�Payments.Unless applicable law provides othenvise,all payments mceived by l.ender utsdet pazagraphs
<br />- ' � 1 and 2 shall be applieA: first,to�ny prepaymert charges due under the Note:second.to amounu payable under paragr.�h 2:
<br /> - ' third,to inierest due:fourth.ta principal due:and last,ta any late charges due urtder the Note.
<br /> `T:�� '� ,-:���. .. ;�' 4.Charg�:Lieas.Borrower shall p3y all ta�ees.assessmenu.char�es. fines an0 impositions attributsble to the Property
<br /> � � •. � �vhich nwy attain priority over this Securiry Iasunment, and leasehold payments or ground mnts,if any. Botro�ver shali PaY .
<br /> ° these ob�i�:�tions in the manner provided in paragraph 2.or if not paid in ttiat manner.Borra�ver sha11 pay chem on time di�ectly
<br /> � �� '. , io the pc►snn owed payment.Borro�ver shall promptly fumish to l.ender all r�atices of arnounu to 6e paid undeT this paragzaph. ;
<br /> .�. ' . . If Borrowec rnakes these p�yments directly.Borro�rer shall promptly fumish to Lender receipts evideacing the payments• -
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<br />-`,� . , . � Borrower shall prompity disch3rge any lien�vhich has priority m e�this Security[nstcument unle.cs Borro�ver:(a)agrees in _
<br /> ''�;:';� �� . . wridng to the payment of the obligation secured by the lien in a manner acceptable to Lender.(b)cantests in good faith the lien -
<br /> ;"'� • by. or defends against enforcement of the lien in, le�al proceedings�vhich in the Lender's opinion operate to prevent the `
<br />' :� � � enforcement of the lien: or(c)secures from the holder vf the lieri an�greerttcnt satisfactary to Lender subordinating the lien to
<br />=s.:�:� : '�. �� this Security lnstrument.lf Lende�determines t h�t any pa rt o f i h e P r o p e n y i s s u b j e c t t u a l i e n w h i c h m a y a t t a i n p ri a r i t y over _
<br /> ` r °. this Security Inswment.Lertder may give Borrower a notice identifyiag the lien.Borro�ver shall satisf}f�he lien or take one or
<br /> ' . more of tt�e actions set forth above within 10 days of the giving of rtotice.
<br /> =•� . Farm 302fl 9190 -
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