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<br /> ��`- UN�ORAi COV8N�3. �rtow�c�ar�iren�eY savenans nn�agre��s fnitowa: wti..n due `�
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<br /> �;.� s:�.. < �!�L.ate CQargcs. Boarowersl�ll prompdY PdY ' . �. < � k '�'
<br /> Q:'-._, � . i. Faya�af l�ei�pa1 aa0 Bnteres9t�Gai� ,�, ;:
<br /> --_�"�" °' � ; `� of aad int�rest aa 1he debr�+tQcncsd by ths Notc aa�unY P�F�Y��tase¢huges due ur.�er.ths Nau.
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<br /> -�'� � 5ub'2�to I�ca92�taa+ar to a wrttt�►w�iveE�gr�ier.�er s�a11 f� .. . ,
<br /> - ` � ��2�un�f�Taxe�aas Eaa�u�r. j a�p sP�a —
<br /> _-T.} _ .. • .
<br /> = � . �� � g�y to Leadu an t4��y momhty payr�nts nre due und�r t�Nats.untll tAa Note is paid.in ti�ll,a sum(••Funds•��ar: . ��,. _ _ -
<br /> ��L ' (a)Ye�rtl►taaes ead assessments wtttch may utmin ptiarS'ry ovea t�Is$�cu�Instrumeat as e tIen on tt�,e P¢aperry;(b)Y Y � -
<br /> , �` insurance premiums:(�Y�asi9 . < ��'•. � .�-
<br /> '� leassho2d Qa,ym�§ar gceuad rents aa 4i�Praperty,if aay;(c)S�rIy or pmpertY
<br /> �' �: - .a u'�o+3 iasuraa�e p���.i�any:(e?Y�3I����Premivms,if aay:�(fl aT►Y�P�Y���►.Banower � �_ "" _
<br /> � t�Lender.ia sscaulaaca with the provIsiaas of garaHeuPb 8,in lien af the pay�ebt of mo�age i��ce Arermums.'�ese ' �_ � ' ; . _ �F
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<br />--`, ` - � , , i u m s az e c�ll e.�"E s c c a�I t e m s."L g a d e r ma y,et�ce���oid Fuad3 m aa eaeaunt nat to exc�d t�s maximum �
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<br /> �` amouas a tender for o fedeca�ly related ma�tga8e for Borrower's es�row ac�mt uuder the f e d e r a l R e a l . . .
<br />�-i.,(: .� ,. Esfate Setttement I*toaduns Act of I974 as ameaded from ti�w time. 12 LJ.S.C. �2601 ot seg. (••RFSPA").unless ,_ ' . �_`
<br /> • aao�taw that appltea w t3�e Fumds ssts a lesser amona�If s0.LeadES may,at afl3►hme,colle�and hold F�mds in sa • . ., ��_
<br />_ v . .. smona3 IIot so excecd the iesser amnum.Len�tr may estimate the amaum ofi Fnnds due ea tfle 6asis of cumnt data� : .� .;
<br />= `,:� ` . . reasanBble estimsses of expeadiuues uf fut�tte Escsow Items ar o3tiecanse m sceordance wsth ap���tY+�e�Y t . ' _,
<br />�- . • . The Funds sl�aU be held in aa�oa whose deposits arF iIIS¢red bY a Eedeial agens.7►. . . . �.
<br />�,�,.' (iacIading 1.eader,if Lender is sush aa�nn}or ia anp PeG�ral Home I.dan BanY.Leader shaE1 ag�Iy t6e.Funds ta .. . .. ; •
<br /> � t . , ., t�e Fncds.an�ua]Iy aaatyziaS the�row �,�, .-' � �-
<br /> _ . . � PaY tt�F�cmw Items.Iender tasy aot c5arge Bottower for hfllding mict applYi�g . ' •._-
<br /> -.�; accouas,os veidying the E*�cROw Items,unless Leader pays Eormwer inter�est on the F�ds e�d xgp2icabl�1aw Per�s Ire�d�r . ti . ,,..._��..�_
<br /> � co mafce snsh a chazge.�iowever,Lender ffiay require Barro�+er w pay a on�time cLarge for an ia�epeadent real es�re
<br /> ° � aa w�h d�is 1oan.unless�cable law pravides utherarise.Unless en agteem�t r ` :•,• _
<br /> . : • . � tax npotting seiv�ee used 6y Iender ia� ��� �
<br /> is m3de az agplie�b2e law tequires intetest w be paid.Le�der shall mot be t�qmred w pay Borrowet any ea�s ,� _
<br /> r` on t�e�mds.Borrower and Lender may agree in vrriting,howeves,that inLerest stall be�aid on the Fonds.I�eader s4aD f , . --
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<br /> � ,;!�r of the Ftutds,showmg craiits auddtb�ts to the Fuudsaad the p�e ..
<br />� � `��'--- give to�oxcower..v9ithout cflarge.ea aat►nal accom�tinE far a�i su.aag secau'ed by dn.s S�tY �- � x --
<br /> .. ,..�ial.�r fas.�zi�e�ch de�bii to the 1F�ds cvas�nade.'nte Fuads are pledg�as additioaal se�itY , ..
<br /> ` : ��
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<br /> ` ` W behe2d liqble 1aw,L�eodesshaU�to Borrower �'
<br /> j,t f ` `�' Iftbe Funds iiedd fry Leuderexceed theama�ts permiued 6Y apP _�.r
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<br /> .�f-,�!:.- �, �, of I�cab2e law.Yf the amuunt of the Fuads�ald by Lender at
<br /> ;� • ;'q:r t�I's�':� for tls�excess Fuads in aecordaase witb t�e re�naents aPP� 3a sucb case .
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<br /> �N ��{f���fzt a�y�e is nat s�cIent w pay the F�smw Items wlten��,����Y so naafy Borcowra in writiagt and, _
<br /> � �r�.;.er sha]I pay fo Lender the adioua�n�essai7+'to�.Q the de8cienc'y,Bonower sliaU make ap the de8cie�sy in ."r�- � ,�-
<br /> �+� ; yE���"� a�s.at I,�der's scs�-w�oa ' �
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<br /> ,t,,, � .� . � . . . ��thaa tarelve mondilY paym �a� ����tion ' ; 's- , ,
<br /> ��`�i f:. , y � � : ; Upad=Pa�rraet'tt Id Nlr og�afl sum's seaae�'�Y t�s 5eenritY lnstru�'s,'[�ndr,s sha'��romgfly��d w 8onower
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<br /> �'�.��. . ;�,• .,,� ,� �r g�nds heId by Y.ender.If,wtder�a�a�h Z►�:.Fir�adeF s�a1i acq�e ar s�i�te Pmpesry, + . ,
<br /> ,shaD aggtg�y Funds!a��sy f��t ths time of acqaisitian or sale as a cs�ii against�sua�s •' '
<br /> . „. . ',t,U;;, � c�`�of dte Property �, ;•t,,
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<br /> � , ,�"` ��4•'�. .. sect�d bY this Secutiry Inst�u��t'
<br />=4 . •'r . , �� APpi�cattun of pay��. Un2�s applicable laR p�avides otheravise,all pzLrffints received by Lender uuWet "::� �
<br /> =y' � . parag�aphs 1 aad Z st�ll be applied:fi�st.to any PrePBYa►eat charges due uader dte Note:second,to amouars payable undes �•. '
<br /> � � • �agsaph 2;thW,�w iaserest due;fourth,w PramciPal due;and larst,w anjr late charges due under the Note. ��'•�:.��.,� `
<br /> *� fines and' sit�ons attri'butahle W the . .
<br />_ . . � Q. C�rgss:Ideas. Bonawer shaII pay a11 taxea,esses�teasehc o2�d p Ymeata or gm�und re�s,•if any.$orrower . '��;� �':; " '
<br />-• � . pmperry'arhich may attain prIarity over this Sec�rity Insuunient.
<br /> ' � � shaU pay these obligadans in the marmer provided ia paragraph 2,or if not paid in that maaner,Bonower ahall pay them �� �
<br />-:�� ° . � � on dms directIy to the person awed paymesu.Borrower shall pmmptly furnish to Iender all natices of amaunts tu be pa{d _ ,..
<br />_ � ,�ader rhis paragiapb.If Bormwer makes tt�se payc�nts aireaty.Bor�wer shall PromptlY�u�is�'w lenaer ieaapts evla�ac;as ., �. � _
<br /> , � ��_,
<br /> _,,,�.`r. _'. . ' t1lC P�YmeDts• , . .�,;>.. r..�{e..�-
<br /> • � • gaimwer s6all prasmptiy discbarge a�r lien which hes prioriry over this Sesurity Tnstrument ualess Borrawer. (a)�
<br /> contests in dod � .-.,.
<br />__ • ' a�g jp WIILIDg t0 tjl9 j1ajIQ1CIIt Of thC Ob1lpt[OA SCCitiCd bji tI181�CA III S R�i}Cf 80CC�SbI6 t0 LEtI�`Tr :(b) g od ..` �'r�, . .
<br />=,?�'` . •:.;r�i1:: faith tbe llen by,ar defends agai....�..t enforctmeni of the lien in,legal pmceediags which in tho Lender's bpinion operate w . �
<br /> :��.J a
<br /> , ��}� pzevent tlio enforcement of the 1'.�;�or(c)se�res from ttc�!`,older of the li�n an agreement satisfactory to Lender s�6or- i
<br /> _ . � `� . diaattng the liea ta t�is Se�rity?nanr�e±±t If LeIIder�ts�ines t6at a:►y patt of the Property is subject w a li�whisb �'—_.
<br /> --` Seavlty Insan:�t�l.endet maY 8►ve Borrower a aatice identiPyin�the S�.�an�s1�a11 ` '. �� '-
<br /> „ ;: may atmin priarity over this � ' '�
<br /> ; � `. satisfy thelien oi'Pake one or�nre of the aa'v.;ins�set fom'�above a+ithin 10 days of the giving of�a�• .
<br /> � , aBo�rrawer�a3i�keep the lmpmvements now exi�ting ar�erx�.��d an � �. :y:-. r�'�,;;
<br />— � , � ;'��. � S. Harastl or Paopertg Tnsurance• � „ '��±•� . �
<br />�-.�-�.: , �.��y insured against tos�oy fire,hazards incI�ded�s�thin the term`extended�vesase �fl a�.�q a�r f�.�ds� � °`�'�`�. 'tf':��
<br /> �,_,.
<br /> ;�,,,�.,
<br /> indudie,g fIaads os tlooding,for wtuch Lender requires ins�raace.This 9nsurauce sLall be maintaiac-r3.in�e r��aud � �"`
<br />�,�`� �- , for the petiods that Leader requines.The insivance canier providiag the insuraace s}�all be chosen by t�rrawer.sub�ect w . , f:��;
<br /> ireadsPs appmval ahicb shall not be unteasonably wlthhe2Q.If Bortower f�1s to maintaia coverage described aDove:L.eader
<br /> __'r.;: ` atay. at Leader's apdoa,abtain cav�a8e to protec�Lend�a's a�hts in t�Praperty ia�caralanee arith paragrzpb.T. . ;,:. . � ". ,
<br />�. :
<br /> All insvrance po�icies sad renewals ahall De�ceptabY�s rn Lendes aad shall include a�adard mortgage clau�e.Le�der ;�:,•;;,,� . ��:'.�
<br />-; , shall have the right to hnla the po ll c t e s aa d reae w a l s.I f L e n�e r r e q u i r e s.B o r r o w e r a t i a ll p r a m p t l Y�v e t fl�.e n r b e r:r J 6►�i p t s '.-:h.��.: �
<br /> �`�_. • . � .� . of paid ptemiums and renewal naaoes:In t t�e eveia o f l oss,B ar�wer s t i n ll a ll 8��P��P t n o�I c e w t h e i a s u r a a c a c a r r i cr and . �. '��`��:
<br /> e .�:. ,:. i�er. Leader may maice pmof of loss�f nat m a d e pmmgtlY bY B on o w�e r. ��:�::
<br /> -- Ualess Leader and Borrower otherwlse agree in writing.insvrance proceeds shaU be applled to restoration or nepalr f . ``��
<br />-:,��:�. , . , of the P1��nY�8e�.if the reswrnHon or npair is econ a m i c a Uy feasi b2e�nnd LeatL�'s securi t y is nat lessened.If the •, .i
<br /> � rtstoratfon os r�pair ls nat ecoai�mically fe5sib2e aY)xnder's security woulA be lesseaed.�he insuras►ce Draceedg sl�all be ..;�.�
<br /> __.•� �. � appiisd tothe sums sav.ced hy tIms SecuritY Iasnument,whether or no¢then due.with anY ea�o�ss i�to Bomower.If Boimwer ;;�
<br /> � � - '� � abuuiaas the Properiy.or daes Qat saswer within 30 days a aotiso from Leader that the inswaaae carrier A�s offered w : � �
<br /> . . satlle a claim,taea leader may�ollect the iasuiance pmceeQs.Leader may uss tlie prooeeds to repair or reswre the Property r. ;�
<br /> ea der anoe
<br /> __ . . . � � or to pay sams s�cu�6y tLis Security Insnumsnt�whether or not then due.The 34day petiad wiU begin when the natix .
<br /> - - , is giyen. • � � �,
<br /> _` . - Un2ess Lender a�Borrower atherwis.e agree ia vfi�.�N ePDUsatian of proceeds to priacipal s6all aot extend �!. . .� ;
<br /> -;,: .� :. ar postpnns�he due date of th+e maathly p�yQSents referred to in parag,tt�phs 1 aad 2 or change the amauat oY the payments. � : ' . '. . -
<br />- • � � If uadu p�mgaph 21 tDe FropertY is aequire�Ag+Leader,Borrower's right to aay insura¢ce pfllicies�ad pmce�ds resWting
<br /> :Y � 'i. _
<br />�. • : ' fmm damage to the PcopertY Prior to tt�ua�uisition s h a U pass t o l r a d e s to c h e e x t e r u o f t h e s u m s s e c u r e d b y t h i s S e s u r i ry � . ,
<br />�aE .� . Instr�nt imatediately psior tn the acquisition. 1 � ,
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