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<br />83-003071
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<br />UNIFOIl!\f CO'VE!NANTS. Borrower aM Lender c;Ovenant and agree as follows:
<br />t. Payment ,of PrindpId :md llduest. Borrower shall promptly pay when due the principal of and interest on the
<br />indebtedness evide~:ed by the Note. prepayment and late charge;; as provided in the Note, and the prinCIpal of and interest
<br />on any FutUre Advacnces ~leCured by dus Mortgage.
<br />Z. Funds fOt, Taxes :md lasuram:e. Subject to applicable law or to a "Titten waiver by lender. Borrower shall P:lY
<br />to' L0nder on !:he da)' IDootllly iffllallmems of principal and interest are payable under the Note. lIntil the Note is paid In full.
<br />a lIlm1 (herein "Funds") ':qual to one-lweUth of the vearly taxes and a",sessments which may attain priority over this
<br />Mortgage, and ground renlS on the Property. if any. plus nne..lwclfth ('f yearly premium installments for hazard ;nsuraru::e.
<br />pius o~twetfth of y,early premium installments tor mortgage insurance. 1 f any. all "s reasonably e;;timaled initially and from
<br />time to time hv Lender on the b;l$j", of asseumellU and hills "nd fca~onab.l" estimales IhereoL
<br />The Fumi~ shall' he b<eld 11'; an il1stitutf<m lhe <>f "cc<'unts ot which '<fe lIt5ured or guaranteed bv a Federal or
<br />.,ate a~ \including l>eOOer if Lender i. sllch (Hl " Lcnd~r' .J1ali apply rhe Fund~ to pay said lax';'~. assessments,
<br />lnlll.lfUlCepremiuml> and Lender nOl lor .", hokllng ;md applying the Funds. analyzing said account.
<br />or verify'lug and llS~me!Tl'" and unless pays Borrower ;nleresl on the Funds and applicable law
<br />permiW i~er te ,.ucll II Borrow!::, and Lender ma', dlrrt'e in writin!! al the time of execution I>I this
<br />Mortgage tba{ interest fin the FUl1<is iX' plHcl .0 BOfYm"er. ,\rid l;llle~s ~uch ;lg;eement is made or applicable law
<br />~tm such interest to Lenm."T ~ha!l not he 1'",:mired 13nrn'wer ,my imere.5t ('r "n the Funds. Lender
<br />shall give to ;10 ,mnuaJ ' nmcl~ sl10w;ng cre.1Hs and !O Ihe Funds ;and the
<br />'-'liS m"dl;:' The are pll:!d~d a::. '"addillcma! ,<:curily fOf the sums seCured
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<br />L<;mler, wl1.e:her 'kio', ,n,~ 'lJHlnZ l1wl1lhly installments ,)1' Funds paYllb.!e priof 10
<br />R~&s';men:t't;, u~-u:ra~7,e H::nd_ ~n:,-und .renh" gtr;~H (~x:':"(;et;i tlli~ arnot:t:flll'e:quired- to .pay said faxes",
<br />a$.'lasmero", il'l.ll'Unnce ;,nd, nml' ;" ~hc'v r~n due, wd> c'(<'t)s~ _hall bt'" llt Borrower's either
<br />to S.'rmwer on "I'nmllhh ",~!JlImena i\t Ftmds. If the :lrt1()unl lhc Funds
<br />silJ~i !tot he nmk:i'l!nt pil" (,,1tIt~. ;j"~&,,mem~" Il1'-Unn,<:' pn::mtt,m' "nd ll.n:Hlnd rents as lhey fall. due.
<br />t,~ Lender any :.mount mah' "" !b,~ dctklcncv 'MIllin ?'D tl;,y~ 1wm the date notice mailed
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<br />If \lnder
<br />~haU apptty, !1i' !!>ter ll:t~!l
<br />Llmlltr ilt tb!ti ,lme "r :tppHCil.t.tlID ,;5
<br />3. A~ oM PIl1l~__.
<br />N,"tt> Jill<i pllr~lItrllpb.~ I ,u;d;; here,(,l be
<br />uuoor 1i'~rilgnph :: h;e.reeL then to ml<'.",r'l
<br />pmt.i:lf.llll ('" "t'ly rllUIR. Ad"'lIollCt:"&"
<br />4. C~el; Lk_ BI'm''t,ver
<br />whie.!! may ;;ltli~!l "
<br />l~t ;:, helcol
<br />U'll:roof.~l~ll.li p\,)!npt)~
<br />sh,lll m~.h
<br />f'km"}~: !,IuiU
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<br />ton"", :!haH "r,'m;:nlv n:fwui to !t()rrower any Funds
<br />l'r<':XTI\, 0!h<rf\Nt\e ;;,;qwfcd br L<::i'lder. l.,~nder
<br />or . "';~q\llsmo" h~ Lelld~!'" Ml)t Ftln~ held by
<br />ib~,~, \1~)-rlg,ag"~,
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<br />!~:r1~ositi(~l!''f~ :aUr~:l}utJ!:b!1i:, t(,
<br />rel1!5. ,f any. in th{! manner
<br />V;lI<ID dlle. to the
<br />"lld in event.
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<br />1h~H Bi-;\ftnwerr not. he
<br />tiN; ;.hhg.>l11.lli ,c';iI('ed by
<br />,;:n{ o,rCC't'i:~t'iii'~ of ~HH.:h Hen- ifl~
<br />P'r<}:Pf;:~.ty 1,,~r .;lny p'_Alrt th.ereof,
<br />the I'rop':t1y H,~llfl:'d
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<br />rhli: ld-fnf~unt
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<br />by L r.;!t,)(5-e r: fJf("'I/ided,
<br />ht:- p~tjd ~ fi Htc rn'fHH~-r
<br /><11.1"'" dlf,~i;tly W th;:
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