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<br /> i'tx}C;1'HNtt�VITN ali iho impit��ruc���t�►t���ar heceificr cr�cteai�,n tl►e p���p��ty. m��i nii r:►,cnu�nte,nP� , nnd
<br /> N�turey n��w ae hcr�allcr n p;�n al' Iho pruperty. AU �cpla��cnz:nts arul udJitlony shall c�ltn bo cuvcr��i by thb S¢rutily
<br /> In,tn�mrnl. AU��t'�hv 1'onlu�inp ir refe�rcd tu ii�IA{u S,:cu�ity Instnimcnl ov the"Pm�►eety."
<br /> tiUi2110tVl�lt c�i1VHNANT�tlwl li��e�tinvcr iy lawfl�liy ticiKCd ul Iho c�turo Ire�chy r�mvcycd uuJ huv 1hc ri�ht to g�nnt nnd
<br /> canvey�ho Pn►p:�ny �n�! tIu;11h� Prupc�ty i�umncumhem�l, caccpt ti�r rncundie�n��c9 ul'm.�ntil. l�uer�nver wurrantw und wiil
<br /> �lefcnd�enenNy the title tn the F*���+��1y��Ze++i���t aU ctnhn��uul dcaiand�.euhi��tu nny einum6eunces aP rccunl. f
<br /> TNIS SIiGUtttl'Y 1N�TAUR7i'itV'i'rombin►y�nif�mi��ti�ve�?antn ti►r nalli�nul a!;e und nan•unl(�?rn�cuvc�wnt�wtth Iln�itcd �
<br /> tit�riati+tm hy Jarisslk�tk�n t��t�,n�tt4etn t►�4�It'i�nu se,�urlty tnstnunicnt ciwcria;�re:�l pn�ricrty,
<br /> l�N11=t�kM CUVflNANTS. &irru�vrr arn1 t,c�edcr ruvcn;►�+�und�rco nv Pa1l���vH: �
<br /> 1. 1'nymcnt ot 1'etncipui ar�d Interestt �t��y��nl and Lnte l:har�tw. Ri�rn��ver 4hut1 promptiy {+ay �vhcn �iuc titc �
<br /> p�inci��a{��i u�nl{iitci�st�m thc dcht cvldenc�l hy thc N«tc and m�y prcpaymc�u nnd lute rhurgcs duc undc�thc Nntc. j
<br /> 2. I�t�ady[��r'I'uxra nnd imurancc�. Suhlcct tu npplicat+lc li�w ar t��a wrlttcu wi�ivc�by [,cndcr, l���rn�wcr tihnll pay tu
<br /> l.endcr an thc�lny manthly raymm�ts arc dur undcr Il�c Notc,until�he Notc is patd in ILiI,u sum l"�undo")far:((1)yl'A�Iy lA1Il'9 �
<br /> und nsscstiments whird may ulqih�prlurity uver Ihis Sccu�ity Insln�mcnt ag a licn on elto Pr�►pe�ty: Ih)ycu�ly Ica.,ehald paymca�s t
<br /> nr amund rents on dtc PrapcNy.ii'�u�y;lcl ycarly ho7nnl��r prapr�ty imuiuncc premiums;ld1 yca�ly il�md insurnnre prcm[utn�. �
<br /> IP any:(e)yca�ly nu�pgc�ge inwurunce premiums. if cury; and lq uny sumti paynble by Nurruwer ti+l.cndcr, in nc�v��innc�o wlth ;
<br /> thc pmvi5ions of pumgr.�ph N,in licu ut'the pi►yn�nt uf miiitg�c insurance prcmiums.These itcros nre calicd "[i.cc�aw Itemy." �
<br /> (.enJci mny, nt imy time, colicct i�nd hald �unds in un nmuunt not t�cx�re�1 the mnximum amr►unt a Iendcr for o fedemlly
<br /> �clutc�l m��r�gnbc I�utn may require fix&+rn��ver's escn��v urcnunt undcr ihe fcdcml Rcal Bstme Scttlemcnt PmccciuRS Act�f ;
<br /> 1974 ay w►ic�tdcd f���m tinu to timc, 12 U.S.C. Ssction 2GQ1 et se��. ("Itl:Si'A").unicss nRrnhc�la�v that o�piicv t�tho Funds i
<br /> stts u lc��cr umuunt. (f Fn, l,cndcr mi�y. a� nny timr, c�llcct imd huld Fundti in an arnaunt nnt to cxccai thc Icsscr mnount. �
<br /> i.sndcr may csti�ia�c thc mnaunt�d Funds duc on the basis ut'current dntn and reasanut+lc cstimutes oP expcndlture9�f fiituro ;
<br /> Escrmv Itcros or athcnvi5c in ucrurduncc�vith applicAble la�v. �
<br /> The Fund+ hh,�ll be lecld in an in5dwdon wh�se dcposits n�e in�ured by u fodcr�l �cncy, instrumentali�y, ar enNty i
<br /> (inctuding 4endcr,if l.cndc�ix�uch ni�institutian)ar ia noy Fesicml Hamo Las►n 8unk. L.ender shull apply the Funds ta pny the
<br /> �scmw Item�. l.ender may not chatge Harmwer fi�r halding and applying tho Fund�,annunlly analyzing tho esrrow accuunt,ar �
<br /> verlfyin��hc E�cnnv ltems, unic�s L endcr pays Barrawer inte�cst an the Funds and appli�:uble lnw permits Lender ta nlakc such
<br /> u chnrgc. Ha�vevcr. 4cnder may rcquire Barrawer to pny a anc•timo charge far un indapendent rcal�stute tax r�porting Fe�vlce ,
<br /> used Ay l.cndcr in wnnectim� with this laan. unlcss upplicablo luw providcs athenvlse. Unlcss un u�}m,�mesit is nu�do or
<br /> upplicablc luw rcquires interest ta bo paid.l.endcr ahnll not he rcquirrd ta pAy Bcirrawcr uny inteicst nr elmings ar�tho Futtd�.
<br /> Borro�vcr und 1.cndcr may n�te�: in writins. howevcr.thAt intcrest shadl be paid on thc Funds. Lender shAl! aive ta Barrowcr.
<br /> withaut chursc. an cinnunl ucrnunting af tho Futtds, sha�ving crcdits and debits to the Fund�nnd tho purposo fur which each
<br /> debit ti�the rundv w�.o mnde.'Phc Futtdti are ptodged a9 addition�l tiecu�lty For A!1 sums securai by this Sccm�ity inshvmcnt.
<br /> lf the Funds held by l.cnde�cxceed the amounts permitted ta ba held by appliutblc la�v.l.ender shull nccount w eon'ow�r
<br /> f���,,������n�_.!+►�1!��0�with lhe cetp►ircutepls oi'F.(�p1iCAblC luw. If the nmount aP Uie Funds held by l.ender ut any
<br /> timc is�mt aufQcient to puy thc L'scmw Itrmv���hr�i due, I.ender may sa notify Battowcr in wdtinn�and.in suc6 casc Bor�dweT
<br /> ahall pay ta Lender tlic�mnunt nc�¢c.es.5ury ta m�kc up thc dcGcicncy. Barmwc�shall miake up the deficicncy ia ao�nare than
<br /> t�+relva monthlY pa5rmcn�v,at 1,.cnde�'s solo dlscretiun.
<br /> Upon p,zyinent in Nl! af a!1 susns serurc4l hy this Sccurlty Inst�meat. i ender sia�ii prvm�niy�o �p ���i
<br /> Funds hcld by Lcndar, If,urtdcr pan►graph 21. l.ende�ShnU acqui�e nr scll the Praperiy.l.endcr. prior to tho uoquisitian or 6WQ
<br /> of tho Praperty.shull aNply nny Funds held by I.cndcr ut tAo�imu af acquiwitiun or salc os o cretlit agninr,t the sunia secured t+y
<br /> this Scrurlty I��.titrumc�U.
<br /> 3.ApplicaUon of Puyments.Unless npplicablo law pravidcs athcnvlse.all payment�mccived by L.cnder under puragraplu
<br /> I tu�d 2 shall be Applied: first, ta any prepaymcnt chargcs due under tt►a Note;eccand. to umaunts�r�abie under parag►aph 2;
<br /> third,to intcrest due;faunh,ta prlttclpal duo:mid last.to any luto charIIcs duo undcr tho Noto.
<br /> 4.Ciwrq�I..ien9.Horrowcr sh�ll pay nll tuxes, ns�,c5smcnte,chnrges flnes and impositions ntt�ibutablo to thc f�raperty
<br /> which mny nttuin prlority �ver t'ris Securlty Inurument.art�,�l 1e.�.sehald payment�or gruc:nd rent�. if any. @arrower ahail pay
<br /> iheso abli�uNons in thc marmcr�;,�vided i�p�.�,;mph 2.ar if nat paid in thnt manacr,l���c�sowcr shull pay them on timc diroctly
<br /> ta the persan awec�U�ymcnt.6urtower shstl�}�,�mptly fumish to Len:icr ull naticcs of umounts ta bo pAid under thie Qarugrnph.
<br /> lf Rorrowc;r makas thcse pnyments directiy,l��rmwcr shull prnmptly fumish to l.endcr rcceipta evidencin�the paymcs�ts.
<br /> Sonower shnll prv�niptfy�:i�a>.nrge uny lien which has prlority avcr this Scc.urlty Instn�mcm unles9 Burrower:l,a)agnxs in
<br /> wdting to the paymcnt of tho c�"�f ajsatian securcd by the lien in n manner ac�rpinblo to 1..�^der;(b)rnntesta in gaacl faith tho lien
<br /> by. or defcnds against cnforcen�.nt of thc li:n in, Icg�l pracccdingA which in the 1��-�dcr's opinion opernte to preveut tho
<br /> cnforoc�nciU ai'Ih�[:�n:or 1c)socures from thc holder of tho licn an ngrocment sutisfactory to I.cndcr subardinating tho licn to
<br /> this 5ecu�ity Instrument. If Lendcr detcrminc�s chnt uny pan nf tho Praperty iy subjcxt to n lien whic�mny nttain p�3oriry over
<br /> this Secu�3ty instrumcnt,Lciulcr may give Borrowcr a natica identifying ihe Uen. Horrower shall satisfy the licn ar tuko ona ar
<br /> marc af thc actiuns set fuith aboLU within 10 days at'�hc giving af naticc.
<br /> Faam 8lt128 9t80
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