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<br />-- '. $;.G . • • � TOQE�H�WPIH a�ths&�provemertts nova or Aere�er etected on.���tllja d���eMents.�ances.aad . . ` ` ``
<br /> .:,, , �`"; � q9muES now ar h�a p�t of the&�'9D�bl•����and eddalc�na shaD atso ba ca�cered by�.�actuRy tnstrumern. .
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<br /> � ° � � . AB o!tAe tar�gcinp(s raterted to In tht�SeanRY i�strum�nt as thp'Propely.• ,` �
<br /> , �•� , , •. ' 60RROW@i C�DYENAt�!!8+that Borta�e�er fs��Y se�ied of tRe estats hee�y corneyed end has,4he dght tn•�aP+i end r � ::; :��
<br /> '" � f:. . sxirroeY ttte Propert�l and th�tha Frop�ty Is ttnest�nrtb�e0.exapt�far��rancea ot�ecard: Bartnwer wa�rnnZa end wGi �..�1��
<br /> — V ` �;4�•;°�. � • defend��aII�l the ffife to the Rtoperty agairtat a9 da�r►s and demands.su6Jtc1 to a�ry ema�tt�rane�af�ecord.
<br /> . ° ., �F+�s sFCUtilTV ft�rRUAf�tr comcrcgs m�ftoma eo,renanm ror c�lanal use ano �o�nlcocm �ove�a� wan nmKea , :( �
<br /> - � , v�tlans py j u�i s�G t on t o cons4Bute a uc�tfon»s e�w i t y tnsttum�3 coveing cea1 P�0�5►• � � �
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<br /> � '� ' uN�Fa�rn cov�vaxrs. sono�►��a�ena�cora��n e�a a�es ro�ws: . F.:. :
<br /> - � . . � `; 1.Paymerd of P►inc[pa! atad Irtteres� Prepaytntni artd L�ds Chatges.Borrower ahaD vromPth►PaY�� . � �,. `_ , � '
<br /> � °- due Ne�rfncigat of�sd�erest on the d�Et�vtdenced!ry the tlato End erry psepap�n�tt and Laie chasg�duo under tfie I�to*.�
<br /> . r ,., . 2 Ftutds fo�Ts�s e�td[nstar�sts�.Sybj�t ta ap�r�te[aw or ta a►ti�ten watv�hy L�d�Bartow�sAa7 Pgl/ . , 6_.. x _�:�.-
<br /> � to Lender on the day irrorthly pay�ste�rta ere due under tAe No�,w�tD the Note is patd In tUO.e s�m�('Funds')fnr. (a�yearty
<br /> . • . texes artd assessmeds whtc6 may at�tn pdarSy aver this Sediriry (nstrametit as a!i��n the ProPertY: (b)YeadY teasehaSd . , , _
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<br /> � , • . < . Payrrte�s or�ound rents cn the Rroperty�if enY. (�)Y�Y hazaM or property tnsurance premhims: (�Yea�SY E4ad insurance . . ;
<br /> - � , . . • <. prertdums.H eaY:(�I Y�Y�'►a��Insu;ence premiums,B a�and(0 efi►�P�le by Botrow�r to Lend2r tn aaordance . , ' ,
<br /> -- .-- -. �;::.;' .•.... wRA tfie prnvistans ot parag�aph 8. tn ifeu af the payment oT mn►tgage(nsurartea premt�ens. These Bens are�Ced 'Esaaw - - - _ _ ,
<br /> " Itens.• Le[d�may.at etry ttme. �llec4 end hold Funda in sn amourt not to exceed the maxlmum emaimt a teid�tor a . ` r .�
<br />� � ' • .'<:� ;. ted�aCy rdated mortgage Ican may�equTra to:BoTrowe�s eaQmx accouM imder the t�eal Rea!Estete 3e�t�n�t Procsd�ues ;_.,�.p , .
<br /> Ad o118T4 as amersdsd tram ttme to fhna 12 U.S.C.�2 6 0 1 e t seq. �R E S?A'). u n t e s s a n o t h�I a w ffi a t a p p 9 e s t o t h e F�mds > ;�;f'.��
<br /> . , sets e teas�amaurrt. If so,Lend�may,at any tTm� caQect end hold Funds in an amourrt not to mcceed the tesser emourtt . . . ",:�� s;•
<br />� � - -, . L�der m�y esUmata the amourt a!F�mds due on the basis of cwrent data and reasan�bte�Brtiate.s ot�e��rea of tud�r�a ,. ,.;�.;
<br /> - -- - Escrow ftems or otheiwise tn aceoNancs w�appIIeabte la�n►_ • ,.. .
<br />-- . ,.�:�� ., _ • 'Il�s Fund9 shaft 6e held fi an inst�utlon whose deposits are Insured hy a fedeal agency.instrumenta@y►.ar e�Y(tnc'��n9 • :t �ti#�� :�.
<br /> the Funds to the Esrlow ` - '°--
<br /> . : L�der. (t Lender is such e.�tnstiLrdon)or fn any Federal Home Lean Bank. Lelsd�sfiaA apPN Pa1► °w . ";,;__� �"�i�:
<br /> = . _ . `` t�ems.Leader may not e�r�9otrower for hot�ng end aPPhM9 the Funds.ennua7�l�nehiz(rt9 the esaow accaunt.or vedfyfrtg �'�,... .
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<br />= : � • � �, . the Eersaw ftems. untess Lnd� pays Eartowe� trtt�est an the Funds end�aPPIIrabte!aw pe�rtRs L�nde1 to orttn s�uice ' .�•<, >�°�- -
<br />�` ' : • •- � charga Hawev�r. Lend�msy requUe L'�rower to pay a one�tme chsige tar en indepaiden4 real�e t�c t�p g _° . :"�`' ,-- _
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<br /> _ .. -_� . - _ used by Leid�tn connedon witb thts loan. uniesc appUcaWe taw provtdes otheiwts� Untess o a�e�n�t is made er �
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<br /> 3�:- .------...>--:;.�.� � aypTlrab3elaw re4utr�tnt'�t�to be-gaiQ Lender sha�i not 6e requ�red to-pay�Borrowes er►y-brte�st.�eam3ng�cD fh�Funds, ._ .._ _ _
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<br />� " � , •Borrower and Lc�der may agres tn miBnQ. hawever,that h�terest shatl be pald on the Funds. LEnd�shall�e m Banower. _ . ,. . . __.
<br />- wfthout charge.en snnual aa:oimffifg of the Funds.showheg credds end debits to the funds end the purpose tar whiefi eaah , •�. •. ..•_-.�!
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<br />�s . . � ,. r :.: depE!to tAa Funds was mada The Funds are pledged as ad�tlonal sewrtty►tor ell sums serured by the Serairfry Instrun[feR. L;.�=:�,.,
<br />� M the Fcmds heid by Lend��coeed the amoums pertnitted�to be hetd by apPOcah(e taw. LenQer sfia8 account tu Borrav+rer . �_�
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<br /> s . - - � tar the exeess Wnds In accordanee with the requtraneab ot appIIcaDte faw.it the amo�mt of the Funds held by Lend�at enY -,-�:
<br /> ' - • tima is not sufitdent to pay the Escrow Itans when due.Leaa�may so notity Bartcwer(n wrNtng�end.tn surfi�e�e Borr�wer ; _
<br />�': ` . ' , � ' shaD pay to.Lender the emount neeessary to�nalce up the Qeftdency. Bormw�stia0 make up the deRd�cy tn na more than ;, .•n�'f�� °-_.-
<br /> _ . . � tweNe monthN PeYmerts.at tknder's sote disc2tlon. �`` �'�`'- ' �y
<br />_ . . ` '' Upon paymertt in fY�01 aU sums searced by this Secu�tyr Instrum�nL Lend�s h a fl promp�'l y r e f un d to 8 o c r o w�a m+F u n d s `'
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<br />��, <` -- . ' h�d by t.�d� H.under para�aph 2t. Lertder sha&aa�utre or seD the Property.lender.Pdar ta tfco acq�:Tsitlan or eele ai the . , . :4,
<br />__. .properry,shaD eppy arry Funds hefd by Lender at the Ume o 1 aoqu i s�:�s or s a f e a s a a e d i t a�:��t t J f e s u m s s e c u r e d b y this :-}.-
<br /> �• � . 3ewdry Instrumertt `�"'`� .
<br /> � 3. App1iCatlon ¢f Pay1i1@n�4. UNess apPRcabte taw provtdes otherwise, aU R�ents recelV�zd 6p Lo�der under �� :,, - .
<br /> ' . paragraphs 1 end 2 sha��a appQed: fir31.to enY P�Y�nent cherg�due under fhe Note;second.to amourts I�'��ble under ;;;;%��:. � r
<br /> � paragraph 2:thfrd to Grt�est du�tourth,to prtrtcipal u,�end last.to any tate charges due under the Nota ,.. .:
<br /> -- .- , ---%�` 4. C47afgeg: Uen9. Barrowa �U pay aU t�ces� assessmenta. chargaq. ftnea a�d lmpos0ions attri6utahla to the , �.. �„
<br />- . . • ' prop�ty�yhIQn may attain pdar(ty over t::a Sewrit�/Instrument. end Ieasehotd paymerRs or�ound�s.fl arry. Bortower she(! � • r•:=� '; . '
<br /> - • pay Nese obQgations in the manner provided in paragraph 2. or H not patd in that rtwnner. Bormwer sheA pay them on ttme �. •:�✓i,��
<br /> _ ' � . direcltyl to tha person owed paymcmt Borrower sha0 pmmptty hunbb to L�det�J T1o11Ces 01 elriDU[1is t0 b0 pAtd uRde thts >.�.4i�`�' .
<br /> � . para�h. B Borrower makes these payments d'iredlS►. Borrower ahaD promptlyr fr�ish to ltnder recelDta evidencl�g the • _ • : :;t
<br /> _' . � `. D��• . •��'„i.r•. _�t�_
<br /> - � ' Bomawer shaU pmmptly disaher88 enY Qen whlcb has pdorfry aver this Securiry Instrument untess Borrowcr. (a)egrees tn . . R.. r,: _• -
<br />—� . writing to the paymern of the ob�gation secured by the Qen In a manne►ecceAtabte to Lender, �) contests in Qood tafth the � •;•.,,.�-'�.
<br /> • ., . Oen Oy. or detends against entarc.ement ot the Qen in.IegrJ proceedings wh�h in the Lenders opfntan operata to Pre+►�t the x�:3 �,r;. �` ,
<br /> .•��.__..�_._p
<br /> entorcemeot of the Q�:or(c)sea�res from the ho(der of the Oen en agreemari saUsfactory to Lender eubor�naWg Me 6en to ,
<br />�.y � thb Securilyy Irtshumerrt.It Leider determhies that etry part o1 ths PropeAy ta subject to a 11�whlch maY at�6��Y ova this . .. .
<br /> . r • . . �.;
<br />__ . . , . $e�t�strumerrt.Lender may glve Bortawer a notice identiyTng the Iten.Borrower shaD satisty the Uen or take crce or mora o9 •��_
<br /> ' • � the acSona set toRA abave within 10 daya o1 the giving ot noUca � . � •
<br />= . � b. H�ard or Rraperty Inscia�nce. Bortower s1ia0 keep the improvemerrts naw ext:tlrt�or hereafter erected on the �- •. �,l'.�.
<br /> � ' p�D¢Ry insured against(pss by Rre,tamrds IncNded within the term 'exxtended coverage'end arry other harards.tnc�ding . . • �
<br />�- ten
<br /> � r. � ftcod9 or ftoo�n for which Lender�equ6'es insurance. this(nsuranco shaL�be ma(ntained in the emounts end tor the perlods �"��;
<br /> 3 _ . . . . _ that lender requk s. The insurartee carrler pravtd'mg the insuranca sheD be chosen by Bonower subject to Leide�'s app�ava! '�`• _ /. �l::
<br />-- � ` . whSch aha9 not be unreasonabry NhtR°eelA. If Bortawer faUs to mabrtain coveraga des�ed above. ler�der may.a1 Lendet's . .+�•
<br /> =j`f � • optlon. obtetn coveraga to protect Lendds flghts in the ProP�Y N accoNanco wfth Para�aph 7. �
<br /> AO insuranee po9clas and renewat�s�a0 be aceepiabta to Lender and sha11 Inetude a standard mortgago cfause. Letder . .����F
<br /> -�'f , . : . she0 ttava the dgM to hotd the poQdw and renervets. If Lender requUes.Borrower sha0 promFtt�l gtve to Ler►da a7 reeeipts of • � . �,.
<br /> - . . . � . . paId prembtms and renewal natices. In tha ev�1 oi toss,Bomawet shaU give pro�t noUce to the insutance cartter end Lende► • . �
<br /> - ' . ' Lender may make prool af toss H not made promAtty bY Borrower. . , . :
<br /> � llntess Lender and Borrower otherwise a�ee in writln9.tnsurance proceeds sbaU be appCed to restoraiton ar repaU of the . . ., .a
<br /> - ' .�� p rop a r t y d a m a g e d,N tha restaraflan or repaS►Is eccrtasntesIIy feasi6te and Lendet's seatAry is not lessened.H tha restoratlon or '.
<br /> : ..r =
<br />—;:._ , repeY ts nci economt�Qy►teas�ie or I.�Qera securfty wou(d be lesse�ed.the tnsuranca Proceeds sAaO be appIIed to the sums
<br /> - � • secured by ffiis Seeurity tnsUument.vfiether or not then due,w�2ny excess pald to Bonower. t1 Borrower abandans the �
<br />�< � Rrop�t7/.or does not enswer withfn 56 Cays a ooUce irom Lender thffi the insttrance cenier has aHered to settle e daim,tAen f :
<br /> • �. :�:' � Lender may caQeci i�e tasurance pmceeds. Lender may use the proeeeds to rc�e�or restore the FroAeriy or to pay sums
<br /> sec�ued by lhts SecvrEtyy[�sWm..°nt���ar not then�a The 9D�day p�tod v�begfn when the noUce ts gtren. � ��. �
<br /> •��, . . . 1lnless Lender ana Borrower cthetwise agre9 tn wrttlttg. enY aDDQ�on ot proceeds to pdnc�'pal shaH not e�Rend ar � �, '*-
<br /> .� , • . ps�s�erte ihe due date of ffie manthty paymertts refertad to in par�apha 1 and 2 or chenge the emount ot the paym�ts. If � � �. �.
<br /> . und� parag�apfi 21 the Prap�ty►is ecs�tred by I.ender, Borrower's�ight ta ar�y tnsurartce polide9 and ptuceeds res�ing irom 4� •" i�
<br /> _— �� ' '. dsmage to tAe ProD�U P�r to ths acqutsi�an sha0 pass to Lender to tAe aR�t ot the sums by Ws SeauKy tnstrument � ��. �
<br />='`- �� . . tntme�a2�Y Pflor to ffie aequisftfan. f. ' ;
<br /> -- �: . . � 6. Occupanay. Presor�►attan. Maintenance and Protectton of the 6�roparty; Borrower's �.aan .
<br /> - � A p p i d c a t�e n; l�a s e h o t d s.8or�ower shau o c c u p y.es�ab�sh, and use the Properry as 6arrowda prirteipal restdence withtn � "
<br /> --- .. • sbdy days edter the execWan at thb Seair�y fr�trument end sheD c4mtr►ue to oecupy the Pro�rty es Borrovre's prtn�pal � . .
<br /> . -. - -- resiQeneo tcr at teast cns year after the dafe of oua�Aaney.uniess Lender otheiwise a�s In wr�ittg�wlticA cons�t shaH not ., I . � .
<br /> . • . , ba unreasonabty w�hhetd,a un!ess exta►ualing draimstances aQst rvhieb are beyond Borrawer's canUak Boiraw� sha9 not . .
<br />��'�. • • � destroy.dama9e or Gnpatr the Properiy.aRow the Property to deteriornte.or eammit waste an tha Ptopedy. Borrow¢r sha9 Iss fn i .
<br />-''"'. ' . ' � defa�t d an7/tate�ue actfan or pmceedng, whether�nl ar�ximinal,is begun tJ�tttt tn Lendds good fadh jud�rrznt co�dd re5uri E
<br /> 1-�: � • , � tn tale�rro 01 tho Froperiy or olherrMse n►ater(aDy Gt�p�1Ae aen created by Ws Serauiiy Instrument or Lend�'s seau�t tnt�est � � •
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