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<br /> 7'OOp?IIUR WITH ail the Improvements now on c�n;nller ercctcd on tho propcny,nnd all c�scmcros,nppuncnnnces,
<br /> _� and fixmres naw on c�rcaRtt a p�rt of the propeny. All rcplaccmcNs and nddl�lons sLall elso Iw covcnA 6y this Secndty
<br /> 1nNnmtenl. AII of the Poregoing Is rckrccd�o in�his Sccudiy fnstmment as the"iMopcny."
<br /> IIORROWL'R COVIiNANTS thot Bonower Is lawfnlly scised of the estate hcrcby mnvoyoA miA has�hc dgh�to grani
<br /> nnA mnvey the I'topeny and that the Ropeny Is unencumbercA,excepi tor encumbnnees of record. Dorco�rer wartams and
<br /> -- wtll dofend grnerally the tltle lo tho Property ageins�all claims nnd demnnds,subjea m nny encumbmnces of nroN.
<br /> THI3 BCCURITY INSTRUMGN'i' combinu unlPomi covenaNs Por nmionnl usa nnd non•unifomi mvcnanu wl�h
<br /> --=-s IltnilCdvntinllonsbyJadsAic�irntoconsti�meauNfomiscenrityinstmmemcavcdngrcalpropeny. :
<br /> UNIfORM COVGNAN1'S. Bortowerand tar.der covenant nnd ngrco ns foilows:
<br /> 1. Peymmt of Ptlncip�l And Interal{Prepq7�ment and Lete Chnrges. fiorcower shnll prompily pay when duc the
<br /> pdnclpnl of nnd interest on tho debt evidenced by�he Nore rnd nny prepaymsnt and late charges dn¢under the Nota _
<br /> t, Il�mds for'Ibxts and Insur�nea SubJect lo nppticable inw or to a wdlten waiver by Lender,DoROwer shall pxy ro
<br /> - I.endor on�ho dny momhiy payments azo due undcr�he No�e,umil the Noto is paid in PoII,n sum("flmds')tor:(a)ycady =
<br /> .—__ InRes nnA nssossnients whic6 may analn pdority over�his Secudiy inslrumenl as e Iicn on�he Pro�xny;(b)yeariy Ieascho:d -
<br /> �- ��ymoNs or ground rea�s on ih: Propeny, If any; (c) yeariy hazard or propeny tnsurenco premiams; (� yeuly flood ��
<br /> nsumnco prcmiums,if any:(e)yearly nr.+hgege insurence prcmiums, If any; nnd(Q any snms payeble by Bortower to
<br />._-�� I.cndet.In nccordar.ee wlSh thc prorisions of pamgrepA 8,In Ileu of�he payment of mongage insnrance przmlums. 7heso
<br /> ilems aro cnllcd"$scrow Ilems" i.end:r may,m eny unx,co11ac1 and hold Nnds In an amount not ro exceed�hc maximum
<br /> -- nmount n�endcr fa,ted:rnlly rc1:cN mongagc loan ma��require for IIortowerY escrow aemunl under�he fedual firal
<br /> -"'— Rstato 3etAenxnt?mcedures Act of 1973 us amcnded from[ime to�imt.12 S.S.C.$2601 er srq.("2SSPA'),unless anwhrr -
<br />�-��� Imv lhnl,yplics to tke ILrc,ls scls a Itsser nmonni. 11'so,Lender may,nt any timc,co:kcl and hold Punds in a�nmoun�noi to _
<br /> - = uecee�t tFe tesser amonm. LenA;r may u�imme �hz nmount of F�mds Auc�n ch:basts of cunent datn and «vonab!e -
<br /> ?�} osttntxtes of ex�cndimrcs of Pomre Escro�v liems or o�hern�ise in necordance wi�h nppIicabie la..�.
<br /> -.��� 1'he Ilmds shall bc hcld in an insti�mion a�hose deposit. arr insured by a federal agenq•, instmmentali�y,or cmiry
<br />_�-���� (inrluding I.endcr,if l.enAer Is such an ins�iw�ioN or in my I'idcrel Ilomc Loan Dank. Lender shall nppiy�he Pur.ds ro pay °
<br /> n�.r� ihe Rscrow I�ems. 4ender may not charge Borro�ver !or holding and epplying�he Funds,annunlly:u+aly�ing the escrow -.
<br /> "~ aaounL or vcritying �ho P.scrow I�ems, unless Lend:r pays Rorrowcr interest on �he f•Lnds and nppli:ffile law pcmil�s _.
<br />��:;'!'3s Lendtt lo make such n ch�rge. However,LenAer may rcqulre Uortower ro pay e ona�ime charge for:u.�ade�xndem rcal _
<br /> -:��;•{, aiatu�nx repntling service used by Lender in connec�lon wl�h tiils loan,unless appllcablo law provides o�herwise. Unless an _
<br /> 1?`],;s- ugrcenxnt Is madc or nppllcablc Iaw requires intcrest�o be paid,Lendcr shall not be required to pay Dortowerany Ir.tcrest or =
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<br />`�d,: � camings on iho�unds. Dortowcr and Lcnder may agree in wri�ing,however,tha�in�ercst s6a11 Ix paid on thc f�nds. Lcndcr -
<br />-;ti�'��. sh�ll glve�o Rorrower,wiihout charge,nn annual accouming of the I�nds,showing credils and debl�s�o ihe Punds and the _
<br />-�+�.•�;�` purposo far whlch each Jebi�to�he I1:nds w�as made. 'I'he ILnds are pledged ns r.dditional seaurity for nll s�ms secured by =.
<br />.;,:�:'�� thisScr.udtyfnslrumcnl. - _
<br /> - t-_ �(�M n�n.t< I.n1.� I�v �inAer rarccd Ihn nn}nunlc Mnmqefl m be held 6y eppllcaWc l�w, I.endcr sF.all emoum m =.
<br /> f�' t3orcowet for tl�e eacexs fLnds in acmrdance with the rcquirements of appllcable law. If iF.e nniouni of ihe funds held ty -
<br /> �l�w� I.cndcr at nny�ime is no1 sufficicm to pay�hc l3xcrow f�ams when due,Lender may so noii(y Uorra��cr in wri�ing,snd,fn _-
<br /> f � suth case Rortower shall pay �o Ler.der �he amoum necessary �o make up �he deficiency. Borto��er sh.:il mate up �he
<br /> 'h�: dcliclency In no ntore than�x�clve momhly paymenis,nt Lenderr solcdiscre�lon. ••
<br /> `"�-`��"" U�onp�ymem fn full of ail snms secured by�his Secnri�y Insm�ment.Lender ahnll prompQv refund io 6onnwer eny -
<br /> �-�'-iv��� Nnds f�cld by I.endcr. 16 under p,ec�gmph 21,Lender shall acquire ot sell tlro Properry,Lender,pdor to ihe ncquisitlon or _
<br />-';}?y}� salc of�hc Property,shall apply any FunAs held by Lendcr a� �he�imc ot ncquistiion or sale as n credit agafns��he sums _
<br /> -��;"�,;'pj, sCCUhAbylhlsSccuri�ylnswmem. _
<br />--`'�� . S. Applicatlon of Pnymenls. Unless applicabte law prnvides mFem•isc. all payments received by Lender imder
<br />- �.°;+�,�� p7ragrephs I and 2 shnll bc applled:firsi, lo an��prepaymem charges dne imdcr the Noie:second,to nmounn payxble under -..
<br /> -- p�ngnph 2;Ihird,to Intcrcxt due;lounh,�o priro:ip::l due;and las4 to nny late chargcs Aue under�F.e Notc. _
<br /> -- '" 4. Chatgt5i Gler.s. Dorro�rcr shall pny all iaxcs,a<sessmems, charges, fines e.r.d im?asi8ons amiMtlablr to [hr _
<br /> - 1'roperty whieh may a�min pdoti�y over ihis Securi�y InsuumenL and Ieasehold paymems or gmund rems,it eny. Dorro��er _..
<br /> '"�'� shall pay ihcsc obllgailans fn Ihc manner provlded in parogrnph 2,or if not paid in�ha�manncr,Bonower shzll pny ihem on -
<br /> v�i��'.;t-� Ume dlrec�ly�o ihe person o�red payment. Dorrower shnll pmmp�iy fumish m Lender iJl notices ot nmoums�o M pxid under
<br />- y;%:� ihis puagmph. If Rorcox�cr makes tkese paymenu Jircc�ly,Dorzower shall pro:np�ly Gvnish �o Lender receipis evidencing -
<br /> '.�_%%;: thcpaymems.
<br />:.�%t;::�f� Oortower shall promptly diu6arge any lien which has p:iority�over�his Security Ins�mment uNess Dorrotver.(a)egrces
<br /> ";_.c In wrfling m�he paymem of�he obiiga�ion sttured by ihe lien in n manner accep�able�o Lender.(b)comesis in good faiih the °
<br /> C.':��;��� Ilcn by,or dcfcnJs n�ains�cnforccmrn�uf the licn in.Icgal proccedings w�hich in�he Lender's opinion opem�c io prcrent thc _
<br /> enforecnkm of�he Ilen:or(c)secures from�he hoider of�hc lien an ngrecment sa�isfxlory io I.�nder subordinating Ihe Ilen
<br /> �:'1S); to Ihls Sau�ily 6tsl�umcnl. If Lcndcr dcicmiines�hal any parl of�hc Propcn� is xubjec�to a lien which may attain priority ?
<br /> =�£� over�his Securl�y Inslmmem,I.ender may give Dorto�rer a no�ice idemi(ytng�he lien. 6ono�ver shall sa�isfy ihe lien m iake =
<br /> . .`?'i�; one or morc of the acilons sct fonh aborc wiihin 10 days of�he giving of noiice.
<br /> S. IGyard or l'roperly Insurence. 6ortuw.r shnll kccp�hc improvemems now exis�ing or hercafler crec�ed on�hc -
<br /> ��� Mopny tnwrcA againsl lo�i hy Itre.ha�ards included wi�hin tl�c�em�"ex�ended coveragc and zny o�her huards,ir.cluding
<br />. �' Ooodn or Iluafing,fnr �vhlch LenJer rcquircs inwrana. Thi} insurance shall be maimained in �he amocros nnd for �he
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