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<br /> 'I�dETHER W1TH nll thc improvemcnis now on c�rcaftce crect�d on Utc propcny,ond all c.scmcnts�Ap{fUTU:nttnces,and ;,..,,; .
<br /> fixtures now on c�reafter a purt of thc propertY• AU repinccments and oddidons sholl ulso bc covcrcd by this Socurity Instrument. ,,:_.,,,r:�-
<br /> All of the forcgoing is refcrrcd to in this S�^rcurity Instrumcnt as thc"Aroperty." , �'''�'J�''-"
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<br /> BO1tROWER COVFNAN'I'S t��at Ilarroucr is lar�fully tcise�of!hc esmtc hereUy convcycd nnd tia5 thc riFht to�rant nnd . .�•�,�?;. �:
<br /> �s unencumbered. except for encumbrances of record. 8onawer warranis and'�vill ,,�,'•�•�+�'�.
<br /> camey the PropenY anrf that thc Property � '��t •.;r�^ � � .
<br /> � d�fend genemlly the dUe co the Propercy agairist all claims and demsu�ds,subject to any encmnbronce,�of recard. ,�:,<<�,+r,r��:
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<br /> "' THIS SECURITY INSTRUMENT combines unlform covenanis for nadonal u�e nnd non•unifonn cavensutts wiQ� limited ,, �c�_�,t,
<br /> varialions by juxisdlcdon to consututc a uniform sccuri►Y inswmcnt wvcring rcal property. ��`�"��'�� . : -
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<br /> LJIVIFORM COV�NAN'I'S•Borrower su►d l.ender covenant su►d agree�s follows: ;�::,,.s, � .
<br /> whcn duo thc ,,;i��;.�>:�,_-
<br /> 1.Poy�ment of PrincipAl and inter�st;PrepaYffient and Late Char��. Borrower shaU pmmppY pay ,, . ,4,.).,rm,.�
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<br /> principal of and interest on the debt evidenced by ihe Note and eny prepayment and late chargcs dae under tha Note. .,,.��;.::��i;�,�:;.�y���
<br /> 2.Fu�ds for Texes and Ias�t�ra+nce. Subject to applicable law or to n wrilten waiver by L.ender, Bonaw�r shuU pay to �,'� t�� _:�-----
<br /> Lcnsler on thc day monthty p�ayments arc due under the Note,until theNote is paid in CuU,a sam ("Funds")for.(A)yearly tFtxxcs , •�•;,,.,;;::,;_-_
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<br /> and sissessments which may attain priority over ihis Security Insuument as a iien on U�e Property; (b)Year�Y�ea=�hal�P�Yments �..... .'�. ;'r.t;.,�;,__;��.,:
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<br /> or ground rents on the Property,if anY�(�)yearly hazard or property insurance Premiums;(d)yearly flood insurance premiums.if ^F<��_
<br /> � �Y:(�)Y�T�Y mortgage insurance premiums. if any:and(�any sums payable by Banower to Lender,in acoardance with the �;:,.�,�,:
<br /> provisions of parngraph 8, nnr� Gi�u of the payment of mongage insurance p�emi�rns. "Iitese ieems are callad "Escrow Items." �t�,;;�ti���-'
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<br /> � Lender may.at any time,coi��ct an�i hold Funds in:.n:snrejnt nat w excr�ecl tlie maximum amaunt a lender for a fc,�lerally related t;...,�,,,;_'�,_,_�
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<br /> mortgage loan may requir,for Bornower's escroiv account under the federal Real Fstate Settlement Procedures Act of 1974 as c`i�:_;=-_=, -
<br /> amended from¢ime to time, 12 U.S.C.�cc6on 2601 et seq. ("R&SPA")��uiless anothu 1aw that applies to tha Funds scts a lesser : �°
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<br /> amoun� If so, Lender may, at pny tjmme,colle.ct and hold Funds in an amount not to cacceed the lesser amount. Lender rr�ay �•�-,y
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<br /> estimate thc amovnt of Funds due on the basis of current aata and reasonable estimates of expenditures of futurc Essrow Items or ��, �•ri�' ' �
<br /> otherwise in accordance with applicable taw. i�- ;.�,�_�
<br /> �' 'Ihe Funds shall be held in an insatution whose deposits are insured by a federnl agency,instrumantaliry,or en�itry(including ,�. ,��
<br /> � T�ender,if Lender is such en instiU�don) or in any Federal Home Loan Bank.Lend�r shall apply thc Funds co pay the Escrovf ��,j �s
<br /> zin tfie escrow accaunt,or verifyi�B �
<br /> items.Lender may nat charge Borrawer for holding and applying the F�inds,aiuivaAy analY B
<br />;,:';`__.� 1he Escrow Items,unless IRwdu pays Borrower interest on the Funds and appllcable 4��v permits Ler►der to make such a charge. :� �.:.
<br /> Howcvet.Lendcr may[eqs�n�e Borrower to pay a one-�mc u�aigc f:,;as►in�t�::��•i i°sZ `°"t?Y ��"^*t'na cervice used by __ _
<br /> � r L,ender in connection with this loan,unless applicabl�law providea ot7�arwise.Unless an agreement is made or applicable law ._
<br /> ?�'• �equires intecest to be paid, Lendcr shall not me required to pay�orrotiver uny interest or eamings on the Funds.Borrowcr and �
<br /> �'�r I�nd,t may agree in writing,however.thnt interest shAl�ae paid on the Funds.Lendcr shall give to Borrower,without chsuge.an T
<br /> . .."' t�nut►accounting of the I'�c1s,shov�ing crec�iu and c�ebias to the Funds and the purpose for which each debit ur the Funds was �-
<br /> ' made.'lt�e Ftuids aze ple�ge�u5 additional securiry far�11 si+ms secursd by thLS Security Instrument '.�`
<br /> - ;; �. If the Funds held by Lender eaceed the amounts permittecl to be held by applicable law,Lender shall acco�nt tm Borrower for �.�_
<br /> the eacess Funds in a�ccordance�vith the requirements of applicable law.If the umount of the Funds held by Lender at any dme is
<br /> not suff'icient to pay the Escmw Items when due,Lc�►der may so notify Borrower in writin8.and,in such case Hormwer shall pay _
<br /> ��` to Lender the amount nace.ssury w make up the deflciency. Borrower shall maZco up the deficiency in no more ttuin twelve _
<br /> �' . monthlY PaYments,at Lenc�sz's sole discredon. ��`'''4
<br /> -N `. . -. Upon paymeat in full of all sums secured bY this Securiry Instrument,L�ndcr shsll promptly refund w Borrower any Fuads .��- —
<br /> x-�-• �h � held by Len�es.If.under paragr�aph 21,Leuder shall acquire or sell the Prope�ry. 1.cnsicr.prior to the acquisiaon or salc of the _
<br /> �• properep,shall apply any Funds held�y Lender 2t the time of xquisition or sale as a credit against the sums secured by dlis
<br /> • Socurity InstrtunenG i•::. _
<br /> 3.Appiication ot P9ymente. Unless applicable afl�v provides otheawise.eq paymc,ttts received by Lender undet pata,�raFh3 ��,j:_-.
<br />— • 1 and 2 shall be applieci:fust,So any prepaYment ch�urges due under the Note;second,to sunounts payable untler paragraph 2; �
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<br />= third.to interest due;fourth,to principxl c�i+e;and La9t,to any late charges dae under the None. _----
<br />-L�,��c_ 4.Charges:Lkes. Botrower shall pay all taxes,assessments.ct�arges.Cu�es and imposidons attributable to the Praperty� __
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<br /> ,,,...�.. , which enay sttain priodty over this Sacurity Inswment,t�nd le�sehold payments oi ground re►►ts.if eny.Harcower shall pay tS�a�se =-
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<br /> _ -� obligations in the manner pr�vided in paragraph 2,or iff not paid in that manner,Borc�uwcr shall pay them on time direcdy to t�c �•: _
<br /> ��. person owed paym h If tn�'-
<br /> ° enL B��rawer shaU promptly fumish to Lender all norices of amounts to be paid under this paragcaU • ,
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<br /> . .:S�t� Bortower makes these paYments directiy.Borrower shall promptly farnish to Lender receipts evidencing the payment�. �`;- --T
<br /> ;j Botrower shall�rompdy dischazge any lien which hss priority over this Security Inslrument unless Borrower:(a) agrees in .�;,;�=--•
<br />- .. - writing to the payment of the obligation secused by the licn in a mannez accePtable to Lender,(b)contests in good faith ihQ lien , e�;�s,;,
<br /> r by, or defends against enforcement of the lien in, ➢Egnl procc:edmBs �vhich In the Lender's opinion operatc to prevent the c.� .� y;y��•-
<br /> enforcement of the lien;or(c)secures from the h�1�3�r of the lien an agoement satisfactory to I.ender subordinaw►g the Gen ro ;,,;.f �_,+►��;�'�
<br /> . this Security Instrumen�If Lender der.e.rmines that nny parc of the Pcoperty is subjoct to a lien which may suain priority over�hin ;'�';,-�;� .r7�,�;,;i'��_
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<br />? Security insbrument,Lr�►drr rnay Bive Bonower a notice identifying the liecn.Borrov�er shall satisfy the G�n or ta{ce one or niare :: ,:4,;,�{��,�.�t�:..•.
<br />=5 � . of thc actions sct toath aDove within 10 days of the giving of nodce. • ,� '' '
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<br /> Form 302d 9/Y0 ,�;•`� � ._..
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