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<br />: �+������ LOAN NO. 1 5 3 9 2 1 6 6 0 6 . ` � • .�'= ,
<br /> THIS SECURITY INSTRUMEN7 combines unfform covenants far nationai use and non-uniform covanants with � ' �. -�:
<br /> limited variattons by judsdiction to constitute a uniform sscurity instrumern covertng real Property. � � , -�..
<br /> � . . . . �
<br /> UN(FORM COVENANTS.Borrower and Lender covenar�t and a9ree as fotlows:
<br /> 1.Paymertt of Pclncipal and IMenes�Prepag►ment and Late Charge9• Horrower shafl promptty pay when due E . -r , � �� --_
<br /> 3 the principsl af and irrterest on the debt evidenced by the Note and any prepaymem and late charges due under tfi►e � ,
<br /> NOte. � "'"`'
<br /> 1 2 Fun�s tor Tax�and Insur�nce. Subf ect to applicabt�law or to a written waiver by Lende�,Borra�rrer sh�1!AaY . - - - ` -s��
<br /> to Lender on the day mortthly payments are due under the Note,until the Note is patd in fuli,a sum(°�unds°)for.(�) '
<br /> yearfy taxes and assessments which may atta[n prioritY over this Securhity�o P�P�h+in urance premium�(d)y�Y � � -
<br /> � leasehold paymertts or ground rents on the Property,if any;(c)yeady y le by . _
<br /> and(fl any sums payab
<br /> � yeariy flood insuranc�e premiums,i�anY.(eI Y�Y mortgage in�►�8 in Il u�of the payment of mongage insurance , . :
<br /> � Borrouuver to Lender,in accordance with the provlsions of para9 P �
<br /> ; premieuns.These items are cailed"�scrow Items.°l.ender may.at any time,coliect and hoid Funds in an amount notto . •
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<br /> exc�f�e ma�dmum amourR a lender for a federelly related mortgage loan may requlre for Barrowe�s escrow ac:courrt � . � ,�._.
<br /> � undc�r Lt�r3 federal Real Estate Se tt iement Procedures Act af 1974 as amended from time to time,l2 U.S.C. §2a41 et �' �:.,.�'. ,_. � -
<br /> Lender may,at any t+.m2,co l lect . .:_,,-;
<br /> � Sey.(`��SPA°),unleas another law thai applies to the Funals sets a lesser amourtt.If so, . '.�F . -�:
<br /> and hotd Funds in an arrieunt not to exceed the lesser amown.Lender may estimate the amourrt af Funds dua e�the � �€ � �_ __
<br /> . . r_.,' , —
<br /> basls of curvent d a t a a n d r e a s o n a b l e e s�4 i m a t e s o f e x P anditures of future Escrow Items ar otheniuise ir�accordance with -< � ° - .�__—
<br /> applicable law. � � �` �� ;�'�� `—
<br /> ,., �:..
<br /> T�s Funds shall be held in an in�ftu�on wfiose depos+�s are insured by a federal agency,ins���a1�Y•or e�ity �:. :��<,,.,� • —.-
<br /> (inGuding Lender,ff Lender ts such an instltu�on)or in any Federal Home�Oa nB he Funds,rannual Y analyzin9 the o . , •. . N.�t��s_�.�. �
<br /> pay the Escraw Etc-s�ss.Lender may nai charge Borrower for holding and applyi 9 . •�•f,�,� --
<br /> escrow accour►t,eaT�+�rifyi�9 the Esaow Itema unless Lende�pays Borrawer iMerest on the Funds and appticable law ;u, �.,,;. -�r.'
<br /> g .::�,__ .�
<br /> 4 permits Lender t�amrake such a charge.Ho�v$var,Lender may require BoROwer to pay a one-ttme char e for an .'���,�,,;i, y
<br /> tndependern real estate tax repa�a�g servi�2 used by Lender in connectfon with this Inan,unless appitcah�e taw �
<br /> � • provides othe�wise.Unless an a�ne2merri is rtrade or applicable law requlres interest to be paid,Lender shali rtfli be .;,� � ��',�
<br /> requIred to pay BoROwer any interest or eamings on the Funds.Borrower and Lender may agree in writing,7�mwever, ���; .-,1,,�• ,�
<br /> that tnterest shaU be paid on the Funds.Lenr32r shall give to Borrower,without charge,an an�ual accounting of the :;„,,, _��„��,�,;� . �-
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<br /> Funds,showing credfts and debits to the F�nds and tP�e purpose for which each debR to the Funds was made•The , .,-��;�, � —
<br /> Funds are pledged as additional security for a11 sums secured by th{s Securiiy InstrumerR- � ; � . —
<br /> If the Funds hetd by Lender exceed the amounts permitted to be held by applicabte laur,Lensi2r shail accour�4 to . ` �� �. ° i._, ,_
<br /> Borrower for t he a x c e s s F u n d s i n a c c o r d a n c e w i t h th�re quirements ot applicable law.If the amount of tha I�auvds held : .�,',. ;.,,q- ,. ; .
<br /> by Lernier at any Ume is not sufflclent to pay the Escrow it�ms when due,Lender may so no3ify Borravrer i�n x�ng, � , .� �
<br /> and,in such case Borrowar shall pay to Lender the amount necessary to�nake up the deflciency.Borrowe;s'�hal�make �:"' _-��: .:�
<br /> ir�no more than twefve manthSy payn�et�ts,at Lende�s sale discreUon. �..:�.-.���� �,r:
<br /> up the deftcfency Y �f ,�,;.
<br /> Upon payment in full of afl sums securez�by this Securtty�nstrun:r^�°.,Lender shall prampdy�a.�d to B�ROwer any ,;:°��,_:� T;,;i � �
<br /> Funds held by Lender.If,under paragraph 21,Lender shal�aoquire or se(I the Property,Lender,pr��or to the aaquisftlon :,f�^ . •�: :. .�
<br /> or sate af the Property.shall apply any Funds held by Lender at the time o#acquis�lon or sale as a cred'.i z��3:�the _��:t .-, �.
<br /> b t h l s Secur Instrumetn. . '`�'"'�°'� `' f
<br /> sums secured y ihl *': '� ``; r:
<br /> 3.ApplicaUon of Payments. UNess app�icable law provides otherwise,aU payments recefired by Lender under ,�;,,,��;`;"
<br /> paragraphs 1 and 2 shall be appffed:flrst.ta�ny prepaymeM charges due underthe Note;secau�ml..a amounts payabte ,.��,.
<br /> «:r__
<br /> under paragraph 2:third,to lnterest due;fo�.to princlpal due:and last,to any late charges dur�under the NQte. � •�•::���
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<br /> a.Charges;Uens. Bortower s h a l lpay a11 taxes.a�ssments,charges.fines and imposf�ons attributahle to the : _•._
<br /> Property whtch may attaln pdority over this Security In�a:nent,and leasehold payments or ground rents,if any. • _---�-� ,�,_.� ,.
<br /> �:�.
<br /> Borrower shal�pay these obligattans in the manner prov(ded in paragraph 2,or N not pald in that manner,Borrower shall �:� �__''j�,.
<br /> �'. pay them on tirn9 directiy to the person owed�ayme�t.Borrower sh�!f promptly tumish to lender a11 notices of .�, _�
<br /> a aov:c:,�nts to[�a�under thls paragraph.if BoROwer makes these�ents dtrectly.Borrowe►shall promptiy fumish to - - •.
<br /> Leroafi�r�ce9pts evidenc.�ng the payme+�ta :�•-"'�'�'�`;.�•�'�.•;;, :-
<br /> 8orrower shall promp�y discharge any lien whir.h P�s priority over thls Security Instrumerit unless Borrawer.(a) , �,,,;:,
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<br /> agrees In writing to the paymerrt af the obligatlon secur�tl by the Ilen in a manner acceptable to Lender,(b)cor►tests In _ ,
<br /> good tatYh the Uen by,or detends against ete"orcement of the tlen In,legal proceedings which in the Lender's opinlon _� .�
<br /> �1 operate to preveM the eniorcemem of the IIEn;or(c)secures from the hotder of the Iten an agreement satistacROryto . �;.�„�y;�„��,. :. �
<br /> • Lerniet subordinating the Iten to this Securdty instn�merd.If Lender determines that sny part af the Property Is subJect to � a�rt.,.
<br /> a I:�n which may attaln priority over t�ls Security�nstrumerrt,Lender may give BoROwer a nattce IdentKying the lien. �.. . '�;'``' ��.�
<br /> Bcfir�awer shall satisiy the Ilen or take one or more o�f the acilons set forth above wtthin 10 days of the gtving of notice. N���=�.,
<br /> ar
<br /> 5.Harnrd or PropeRy Insurence. Borrower shall keep the Imptovaments now existing or hereafter erected on the � �.��•�.��. .
<br /> ! P�operty Insured a�inst loss by flre,hazards ir�cluded within the term°extended coverage"and any other hazards, . - __
<br /> . < Including floo�s�r flaading,tor whlch Lender requlres insurance.Thls insurance shall be malniained In the amounts and
<br /> fd ti�e pedods that Lender requires. The Insurance cartler providing the tnsurance shall ba chosen by Borrower subJaca . . _
<br /> '� to LEnder's appraval whlch s�19 not bo urtreasona[�ty�rfthheld. If Bonower faDs to maint�fn caverage desedbed abeve, �: t . �
<br /> L�n�;sr may,at Lender's optio!�.obtain coverage to protect Lenders righte In tha�roperty in accordance w(th
<br /> .i Para9raph 7. ' � --
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