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<br /> i "''� At1tI(I)LSUICS Il0\'1 Ot{iCrCilfiCt a(11Ci O�l�.0[YfOpCflgl, All repincem�fll9 t►RU tt.luiftGn;o.au..i:,..+..u..w••v��+�,7 '"' •"''•ef'•`� w„ �,
<br />- -__ - - Insuumcnt. All af tho forc�aina 1s n:fcyxcd to m thia 3ecudty ln�iinuncnt t�s thc"l�opcny." �;_,_��
<br /> ,; -�-��...•-. : �UY.P•OW�R COVC?NA.NTS that ElarroEtier i9latvPul{y setscA of tftc e&tate hcreby c:onveycd attd has thc right to grant .�a
<br /> ..,.... ' �w -::
<br />,,,,,- -�a;m;;., and co.^.�:c;the Fcon°rry nnd Wnt tl�e Froperty is unencuntb::ra@.exce�n for encumbranees of cecord. 6or.a�ver�vas=ancs r:r.�.
<br /> wiil defend genemUy the title to the PropeAy against nll c]aims and de�jiaitds,r;ubjece tv�uy e��c��r���:���j�w�of rc.;ord. __ _ _
<br /> " — THIS SECURITY IN5TRUML�NT co�nbines unifo�•m caucnants for nntionnl use nnd non-unifurr+n covennnts wlth
<br /> _�=%�►� limlted variatians by jurisdiction to constitutc a uniSortn sccurlty instn�ment cavedng renl propecty
<br /> -----��_�� [TNIFQRM COVENANCa. Borrowcr and Leiider covenunt and narcx ns Pollows: __
<br /> �--=�°���-��e'�� l. Fayr.�eat of Principal snd Interes4;Prepay�ent an�I.�te Charges. Bottan�cr shnll Pxomp�ly paY wh�n due tlio
<br /> �--•--�•.•- re a mznt nnd late charbe�due under the Nate.
<br /> ==�==���� principal of and interest on the debt evidencerl by the Note and uny p p y
<br /> _ °-_ - 2, I�unds tor Taxes nnd Insar�pca, 5ubject to applicable law ar to a written�laivet by Len�ler,l3onowcr s}tall pay ta
<br /> � : :�u:
<br /> —V � Lcnder on the day monthly paymenss are duc uncler the Note,unul the Note is paid in il�ll,a sum("Funds")foT:(a)year]y
<br />�'� JM�� taxe�anri nssessments which�na.y nttain priority ovcr tiils Sec�lsity inswme�t as u licn an d�e Propesty;(b)yeaily lcasehold
<br /> ==���.��� huz:ud or ro n insurance premiuins; (d) yeurly ftood .
<br />-_��_'��,:�,;� payments or �cound renGS on the Pmperty, if nny; (c) Year1Y u' P Pe Y ,
<br /> insur:tince prcmiums, if any; (c) yearly mortguge insurance Rremlums, if any; �nd(� any sunu paynble b;� Bonower t� ,
<br /> ---����: Lender,in accoraance with die provisions of paragmph R,in heu of the payment�f mort6u�e i�isv.rance premwms. 'fhesc
<br /> �.,��.
<br /> �-_�
<br /> ��:�...._
<br /> -•:��.��� it�ms ar�culled"Escrow Iteros.' Lender muy,at any ume.collect and hold F1mds;n�n amount not to cxceed the inaxsumm
<br /> - --.•-v=
<br /> -....._..�.�.� —
<br /> _==-. a,-nount a lert�isr for n fedcrally re�atr.�l mortp�ge Inan may rcquire for Bom�wt�'s escrow nccourrt urtd�r the feci�:ral
<br /> � nnn n
<br /> •�'��'�����..�� E:.iate Settlement IDrocectures Act of 1974 as nrnendcd from ame to time.12 U.S.C:.§2oUt er ser;.t'Rc.�ra).::htc��:.r� =r
<br /> °-- ��'O1'j'� law that applies to the Funds s.ts u lesser amaunG If so,Lender may.at any time,catiect and hold Femds in an�ount not tb
<br /> � �`� ��c exceed the lesser �unount. Lendtr m�y estimate the nmount of �Unds due on the basts of currcnt data and reasanablQ .
<br /> ..;;�;:.i�25�t't''.:�vi�tf�-:.
<br /> cstunates of exp:ndihues of future E.scrow dtems or otherwise in accordar�ce witl�applicable law.
<br /> _R��i� ',, •�'°�• 7'!te Funds snal[oe neid in a�, iusututic:s�:1:���d°�s�ta arc�ins►uesl by ts fed�`ral�gsncy,insW37tent�lity, or entity .. _- _
<br /> ���`j�'`� (including Lender.if Lenc+cr is such an insdtuHon)or in nny F�:deral I3ome[.oan Bank. Lender sl�afi appiy tne r'unuy iu puy
<br /> _.• t���� .
<br /> `°,, � the Escrow Items. Ixnder may not charge aorrower for l�olding und apglying the F�nds, annually analyzing che escrow
<br />'--'��`�:• aceount, or verifying the Escrow items, unless Lencler pags Borrower ittterest on ths Funds ar�d applicab)c law permits —
<br />:.::�.,•;•�, .� ._(. .
<br /> -:•uL'A�.yu��,� Lender to make such a charge. How�ever,Lender may rec�uire Borrower ro pay a one-dm.e charge for :ut independent reai —
<br />--- ."�m—i��;_
<br /> ��,.,.,-a,�-�;� esta*.e tax reportins service used by Lender in connection w�U�this taan,unIess applic,able law p��av�des otherwise. ,Ua T�s�a�ti� ,
<br />� `�?r;'�;'�".��'',;� agreement is made or appiicable law rcq►rires intenst to be paid,Lender shall not be required to pay Borr4wcr any
<br /> ""� !�' .ae�..,.�z n�R�wer and Lender may agree in writ3ng,however.diat interest shall be paid on the�unds. Ltndcr
<br /> .:x �-��'� ctuu��igo v:........»�. a.---_-'......a:....,.�.i dnhitF in�1C�llI1d5 Silld t�16 - -
<br /> '�y, ,� � shall gtve to norrowcr.WI�IiVUI i�riSt�c.8SI aSii U.'LZ����o!�T tRP_.t'ILtu�.5nu�.wa raw�w«»---' - -
<br />;"�t{��„� purpose for which eacb debit to the Funds was made. The Flmds are pledfied as addirional security for rsll sums sectu�e3�ry s
<br /> �:,:
<br /> ��s�:,n.;��:,.= r- this Security(nstrument.
<br />;'' '� ""``°' '� If the Funds held by Lender eaceed the amounts permitted to be held by applicnble law. Lender s h a l l aceoant 2a,
<br /> .:�.,,_ �
<br /> `="�=����� Borrower for the excess �'unds in uceordance with tlie requiremen�s of�pplisable law. If the amaant of the Funds hr.ld tiy',
<br /> °,..ic::�r�+�;ar�°
<br />-='; �-s-=--- � I.ender at any tlme is not sufficient to pay the Escn���Items whvn due,I�ender may so notify Borrower in vsriting,and,in.'`.
<br /> :�,:y� .,., {�,
<br /> - such case Honawer sht►ll pay to Lender the nmount nec:essary to niake up the deficiency. �orrower shali m:ik� up ee
<br /> ' � deficiency in ao more than twelve monthly payments,nt Lender's sole discretion. __
<br /> t '``�.ti�:��:.� Upon payment in full of all sums secured by ehis Securiry Instniment,Len6er shall prompdy cefund to B�rrowcr any
<br /> a�.,,_�_SfY2'�C•� Funds held by I.ender. If,under para�mph 21,Lender shnli acqvare ar sell the Propert-�,Lender,prior to the acyuisiuon or _
<br />_��r:=u�:.'.�...""!� _.
<br /> .,,_,A.� �+� sale of the Properry,shall apply any Elands held by Lender at the ume of acquisidon or s�le �ts a credit against the sums
<br /> :�;��_.���::;� secured by this Security Instrument. � p�yments mccived by i.ender under
<br /> __�_._:�,.��":�, 3. appllcat[on BY Fayments. Unless upplicable law provides othenuiss,
<br />---:y.l_,_�&,r";._g:;� paragraphs 1 and 2 shall be applled:fust,to any Qrepayment chnrges due under the Ncrte;second,to nmounts payabie und�;r
<br /> __ �a,,:_��.�,-� paragrsph 2:third.to interest due;founh,to psincipal due;and last,to any late charges due under the Note. �
<br /> � 4. Churges; Lfens. Borrowcr shall pay all taxes, assessmc.nts, churges.6nes an3 impositions nmributable to thc •
<br /> �",��►� property which may uttain prioriry over this Security Insttument, and leasehold payments or ground tenu,if any. 8otrower _
<br /> h 2 or if not aid in that mam►er.BQrrower shall pay them on
<br />_.`ryy�;,�.s, � shall pay these obligations in the manner provided in pnragrap . --
<br />'�`.�"•.'!�'•�::;t dme direcAy to the persan owecl payment. Bomower shall promptly fumish o Lender all nodces of amounts to t+e paid under �;A
<br />""`-=�'' •`-'"' this ara a h. If BorrotivEr makes these payments direcdy.Borrower shall promptly fumish r.o Leader receipis evidencing
<br /> �� p� � P �''- _
<br />-:::'i-`.P��=�� the paymenu. r='=
<br />-�H=�,� ---
<br /> . .._"`�:�5��„�: • Bonower shall prompcly discharge any lien which has priority over this Security Instrument unless Borrower:(a)agrees �__
<br />�,'�R���i�.� � P Y
<br /> � "° in writin to the a ment of the obligation secur�d by the lien in a manner acceptable to Lender.(b)contcsts in good faidi e _
<br /> �°"=�"- �� lien by.or defends against enforcement of the lien in,leg�l proceedings which in the Lender's opinion operate to prevent the �-^' _
<br /> -�-�x"" ` ' enforcement of the lien:or(c)secures from the holder of the lien an agreement sadsfactory to Lemder subordinating tl�e lien �`�:;
<br /> - _ . rY,�,.,....`�� ��?_
<br />:;;,��'4'�r"�_;• :;: to this 3ecariry Instrument. If Lender detecmtaes that any pa�t of the Property is subsect to a lien which may attain priority _ -
<br />.=''^'�-'-'-�'�- �r� over this Security Gistrument,LRnder may give Borro�ver a nodce identifying the lien. Borrower shall sadsfy the lien or take
<br /> __-,z.:9.L..r��..i<C_: ,� ..
<br /> -• • • one or mure of the actions set fqrth above withln 10 days of the giwing of norice.
<br /> _,°�°*��--� -=�` S. Razard ar P�+operty I�.sar��ce. Botrower shall keep iht improvements no�v existing or hereafter eracted on the
<br /> �!"�� •'s� ., Prc►perty insured against loss by fire,hazards included wiUuu the term"extended coverage"and nny othet har.arcis,including
<br /> `;'�'� '• t floods or flooding,for which Lender requires insurance. '1'his insurance sh:►Il be maintained in the amaunts and for the -
<br /> _ . � .
<br /> ,, .:. . . Fnrnt 3Dt3 9/40 (Page 2 of h pagts) .
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