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<br /> TOC3BTHBA�VITH all the Improvensenta now an c�n�ltar aroctcd oa tLe DroperiY. PP`�x
<br /> 8xtucet aow or 6eretftet a p�xt oY the pcu�etty All cepl��xmeuu aaa! ddition� �hall �lw be covered tsy thie Saurity
<br /> _. _ _ Iaaummeat.All of tho fongoin�t la raferced tp in thts Securiry in�t�umeat as the•Prapaty.:
<br /> ---- - � BC9RROWBR CAYBiVANi9 thtt 1fbKOwrct Is l�lwli►Uy eel:ed oY thC�"slt2�ltsz�tby conveyW�itd h�s thA eiB�t0 EjI�A��ud ,
<br /> oonves�r the PmpertS►end th�t the PropertY i��weacumbered,�xc�t for enam�b�u�ca oi recar�,Boimwer warranu and will . —
<br /> f,� defend ge�►erallY tha dde to the P[opertY a8+tast�11 el�ims and dem�md�.eubjeet to aay eneetmmbranas ot recotd.
<br /> THIS SECUIt[TY INSTRUMBNT combirus uniform oovenante Yor nidon�l ueo aad nan-uniforra covcn�uu with limited
<br /> varlations by jurlsdicdon w aanatitute a uniform security lnauument wveting real PmP�Y•
<br /> UNIFORM COVENANTS.Borrower end Lendar�venent end a8rx as follows: _
<br /> �- ' 1. Psyrme�t ot Pelndpd�nd Inter+stt 1'n'��Y+��sad Late Charga. Bonuwer ehall prorr�ptty pay whm due the �--
<br /> princlpal of and intenst on the debt evtdenced by the Nou and aaY PI'�PsYment and lata charges due undt.r th�No�.
<br /> 2.�lunds tor Tax�s wd Insyua+nce.S�bja� to applicable law or to a arclueu weive�'by LeadeT. Bon°wer atiaU pay to
<br /> ---= Lender on the day montbly paYmeats are due under the Nou.untll the Noie ia paid in full.a sum('Funds")f4r.(a)Y�Y�
<br /> "~�-�� and assessmenta which may attai�►prlorlty over this Secniity Insuument as a lien oa the Property:(b)Year1Y.d�naehold Paymcnta
<br /> --- or und reats on tbe Property,!f any;(o)Yeaz�Y hapard or property iasurance Premiums:(4).Ja.utly.Aood9nsut��Prcmiums.
<br /> -_��;5;�:;;� 8i+o
<br /> _--_u�.<i;.,,�:!�°`,� if any;(e)Yearly mort8�age lasurance premiuu�s.if anY:and(�u�►y sams payablo by Boraaw.�r ao•Xcudet.�a:aoaocdanc�with -
<br /> the pmviaions of paragsaph 8.in lieu of the payment of mortpge invurauoe P��i�e�.'tltasc�itma�am c�letl"Escrow It�m+." —
<br />':.j����;.' Lender a�ay, at aay dme,collact and hold Funda i�an amoum not to e�i tbe meximum'muonnt a ieader for a fa�efaUy
<br /> '�;�`.;;�a'"�,����, �['y• relate�inortS�,4e loan may requ{ce for Bomnatr's esexow account under the federal Real Estate Setileaoent Pcaxdvres Act of
<br /> _ __ Jt�j�: .
<br /> --- 1974 es amenzled firom dme to dmc. 12 U.S.C.Secdon 2601 u seq.('RFSPA').ualess another laa tbat applia+to d►e Funds
<br /> ��' .'";"����:� sets a lessar amouat.If so. Lender may� at any t i me�co l l e a a n d h o l d F u n d e i n a n a m a u n t a a t to cxcacd the lea�c amoun�
<br />`��%%,•.., _
<br />'��f;�r � J,eadec may esdmate tke acnount of Funda due on the basis of current date and reasonable estimatea of e�endttutea of funu+s
<br /> _-,�.,yC,n .+ Fscrow Iums or othernvise in accordance with applicable law. ����y� ar endry
<br /> The Funds shall be held ta an iaadtutton whose deposits are insurcd by a federal ageacy►.
<br />`:;y;;�,�"'� (including l.ender.it L.eadex is euch aa insdtudan)or in any Federal Homo Loaa Ba�ilt. Lendas ehaU epply the Fw�ds to pay the
<br /> -."'�� � "�' ��: Escrow Items.Lender may not charge Boirower for boldiag and nppiying the Funda�ennuaUy en�lYzing tha�sc�oW e�°0�t,or
<br /> ... . '.�,°�� ., ��_.
<br /> � � _ , .� verilyinB the Bscrow Itea►e.uNoss 1.e�der pay�Borrower intenu on tho Fuada and epplicable!aw pettn[ts L�ender w maka auch
<br />:- ^ ,;. ., �'�� a charge.Howevcr.Irender may re9utre�orrower w pay g ouc-tira�cS�far aa S�i r�!�rau uuc nporting seivlce
<br /> t is msde or
<br /> ,�'e u�ed by I.ender in coaaection with thia loua� unl�s applicable law pmvidea otherwiso. Unlesa aa agramen
<br /> , � ePPlicable law cequires latenst to be paid,Leuder ahall nat be required w pay Dorrnwer as►Y inte�t or eaminga on the Funds.
<br /> � „ . �� Bormwer and Lender may agt�ce la wrlting,however.chat iaterest shall be paid oa the Ew�ds.lxnder st�ell glve to Bomower.
<br /> � � without charge, an aimual accountin8 of the Fuads.shmwiag crcdita ead debits to the Fumis and the putpose for which each
<br /> .+.: . : ,�;?� dabit to the Fuads was made.'fhe Funds are pled�ed as addltional securtty for aU suma secured by tbis SecnrltS►Insaummx•
<br />.�::'�M, ' ..d. � If We Funds held by Leader exceed the amouats permitted to be held bY apPlicable law. Lendcr shall axouat to Boraower �
<br /> �• e for the eacess Funds in accordance witb the re�lulrem��of applicable law. If the amount of t�e Fuada�ald by laader at eflY
<br /> ^° '.':.'.; �' . time Is not suftictent to pay the Escmw Itema when due.Ixnder may so nodfy Borrower in wridag.end.in such case Borrower �__
<br /> . w��� ahall pay to Lender the amoum necessarY to malce up the deRciency.Sorrower shall make up the deficteacy in no more tLari ��.
<br /> �;-�-
<br /> � A twelve montlily payments.at Lender's sole discretion. ;^�.:W.
<br /> `. . UPon PaYment in fWl of all sums secured bY tl�iis Security Insaumeat, Lender shall promgtly refund to Horcower any �:¢:.
<br /> ',� : � ' � Lender shall acquire or seU the Property.Leader.Prior to the acqutsittan or sate ,�.�
<br /> .-�Y^� . ,-=� .` Fuada held by Lender.If�uader paragraPh 21, �'
<br />:''`,"" ..�t,�r;� .,, of the Property.shali app1Y any Funds held by Lender at the time of acqnlaition or sale as s zredit against the aums se�ured by �,-;,
<br /> ... this Secudty Instrument. �-=
<br /> ' '' ^ 3.AppW�don ot Paymente.Unless applicable law provides otherwise.all payments racuived by Lender under paragcapl�s �^-_
<br /> 1 and 2 shall be applied:fitst,to any prepaYment charS�due under the Note;second.to amaunts paYable uader paragraph 2; --�,-
<br /> � third�to interest due; fourth,to principal due;and last,to any latct charges due under the Not�. ,.•��
<br /> :�� 4.Chargesi Lieav.Horrower shsil pay all taxes.assessments.charges.fiaes amd iaq►asidons attrlbutable to the Properiy
<br /> � '; which tnay attain prEodty over this Security Insunaaent� and leasehold paymenta or grouad renrs,lf any. Borrower shaU pay _
<br /> '� �• h 2.or if aot aid in that manner. Borrawer sha11 pay them�on t8me dicectly �+:`
<br />;�..;...,,:-_=x-- -.%� chese obligatioas in tLe cnaiwer providcd ia paragr.�p P
<br /> � � to the person owed payment.Borrower shaU prompdy furnish to Lender all aodcea of acnounta to be pald under this FaragraPb• -':
<br /> , ,: � .. If Borrowsr mekes�hese payments dicecdy.Borrower shall proanptly furnish to L.ender receipts evidencing the gaymenta.
<br /> . , d' Rorrower shall prompdy discharge any liea which has prlority over this S e c u r lry I n st:uma►t unlesa Borrower:(a)agraes in
<br /> .. .� wrlting to the payment of the obligation secured by the lien in a manner acceptable w Lendec;(b)coateses in Sood f��U�6
<br /> • �� � a ; by. or defenda againat euforcemeac of the lien ia, legal proce�in8s which in the Lender's opinion operatc p
<br /> eaforcement of the lien;or(c)secures from the holder of the Iten an agreEment satisfactory co Lender subordinadn�the lien to
<br /> � ., � ���� this Security Inswment. If Lender detecmines that anY parc of the Property is subjeat to a liea which may atu�itn prlority over
<br /> �� thie Security Insuu�ncat, Lender may give Bomower a notice idenHfying the lten.Borrower s�all satisfy the ltea or take oae or
<br />- .. � . . ��, . more af th�acttona set forth above witDiin 10 days of the giv�g of nodce.
<br /> � Forrt►3028 9/80
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