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<br /> � � �� �97 io3�5� �V=;.-_°:�::�.�-._��-.
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<br /> � TUo,�Ti�ll3R WlTH nll the improvr.n�entn now or hemafter erected on thc propeny,und al easements, appurten ces,and , : �K�c•:
<br /> , �ixt��res rtovi or hercnftr.r n pnn of d�c propeny. All replzcements t�d acldltions shall aiso be covered by this Sa;urlty ,� ," "'�"��'�''�'�
<br /> � [nsu•omc�t.AU of nc�for��olr��in rr,fr,ercd t�in this Securiry Inssniment us thc"Propertv." ____ ._ .,- --- _.
<br /> - • � [3Q�:ROWEIt COVf?R1AN'I;� dmt Dorrower ta Iawfi�ily selsed of'the estute hereby conveyed and has the riglu to grant nnd _ V _ —
<br /> � convey the P�•�nr.r�y nnA iltnr slie Prar�:ny t:; �uic.7uumi�en:u. cn�cpi iur encumbruices of reeord. Eorrower�varrants and wlll
<br /> � cicf�rtd ge�ternlly the ddn tn�br.I�r�peny r��rtfnst nll clnimn nnd demands,subJect to any encumbrances af record. ; _
<br /> „ ; � 'fHIS SLCURITY Ifa97'iLUMI?NT combines uniform covenants far�ationnl use and nan•uniform covenants v�ith limited :...: � _
<br /> variationr Uy Jurisdicdon�a cc►r�ntitutr.a unlform sccuri�.y iastrumentcoveting re�l property. •-•'�°'��
<br /> U N I r O R i v l C O V a N d.N T S,f 3 o r r o w e e a n d L e n d e r r.a r c n a n t a n d a g r e c a�f o l l o w s: a���- •
<br /> l. I'coyment oP 1'ri��elpul attd 1[nteresh Prepa,y�nRnt and Late Ch�arges. Borrowcr shall prompdy pay when due the . �; �"`��
<br /> �- �rir�c l�a�o f nn d intcre.9t on�llr. de bt ev i dence d by t hc No tn,an d nny pre p a y m e n t a n d l a t e cher ges due under the No t e. • -�` ���-
<br /> , �. ����' .. .�':�- •
<br /> . M .� Z. F�unds far T�ujea nnrl Ins�irnnse. Sub]oct to npplicablc law or to a written waiver by I.Qnder,Bonower shall pay to - , •,..'..:.::."
<br /> - � :i���r.��.:.,...._.
<br /> �� L.eader oca the day montlil!�pn��ments nrc due under tlir l��tc, unttl the Note is paid in full,a sum( Funds')for:(a)yearly ta�ces • .� ..d.
<br /> and nns:ssmeats�vhfch mn�ett�in riori[ over thia 5cx�ui Instrument as s lien oa the Pco eazl leasehold a ments ':.'�:t.':•��:^•
<br /> 5 P Y �Y Pr�Y: N)Y Y P Y �.':',,;,�._t€,.��_
<br /> " or graund rents on the Property,If any;(c)yearly l�a•rard or propecty nnstzrance premiums;(d)yeaz'ly flood insuTaIICCt pcemil�s, :�.�1:'rr,,�'`�,,`
<br /> if any; (e)yearly mortaa�a insurance premiums, if nu�+;and (� any sums payable by Boaower to Lender. in accordance wlth �.�=�,.�.��i
<br /> . 3j[)F��..r.t�.
<br /> �> tlie proeisioag of paraBrnph 0, in licu af tlie paymeut o�mortgage insur�nce premiums. These items are called"Escrow Items." �:���_---
<br /> • Lender may, at nny ti�ne. collect end hold Funds i�� nu amount aot to exceeci the maaimum amount a lender for a federall v•,==�'��--
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<br /> ° : related mortgage loan may requiee for Horrower s escr.Jw accoun.under the federal Real Estate Settlement Procedures Act of __ _
<br /> , 1974 as amended from tima tv timc, 12 U.S.C. Section 2601 et seq. ('RESPA"), unless another law that applies to the Funds --
<br /> sets a lesser amount. (f»n, I..ender may, at any time, collece and hold Funds in an amount not to exceed the lesser amount. �a:n����� ---
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<br /> . Lender may estimate Wo a�nount of Funds due ou�uc�basis of cunent data and reasonable estimates of expenditures of funue _ _ -
<br /> , I`' Bscrow Items or othenvisa in accordance with appl9G�ilJfe law. ;`°''��``—
<br /> ,;.�.�:—
<br /> ' ��. 'fiie Funds shall br. )teld in an institution �vlic;se deposits aze insurerl by a federal agency, insuumentality, or endty • •�."••: _ ....
<br /> '•,,.�t, .;:`���:,;. ;.,:._
<br /> _ , (including I,ender,if I,end�:r ie such an institutiott)v�r in any Federal�!-iome Iaan Bank. I.endar sh�ll apply the Funds to pay the �'' ; __—
<br /> ' �;� Escrow Items. I.ender mny not charBe Horrower for.halding and apply9ng the Funds,annually an�iyzing the escrow account, cr ,. �,.;�1�, '`
<br />=:�( vedfying the Escro�v Ite�na,unless Lender pays Hoi�t•ower interest on t�e Fl�nds and applicsble law permits L.ender to make such ,';.:;t': '
<br /> �!`„' a churge. Howevcr, Lender raay require Bonower t�s�nay a onc-time charge for an independent r�a!estate taa reporting service '"' �
<br /> _ ,, used by Lender in connccdon wid► tllis loan, u�ilr:ss applicable law provides otherwise. Unless an agreement is made or '`�����`
<br /> '•� ' ' .yrpy;�, appllcable law requires interest to Ua pffid,Lender nuall not be required to pay Boaower any interest or earnings on the Funds. "
<br /> Borrower and L.ender may aQree in writing, however. that interest shall be paid on the Funds.I.Ender shall give to Borrower,
<br /> sY1 �,.'• �,���1�t. ..
<br />_,.�;� . .,..;.'. �;� witttcut c�arge, an annuel accauueiag of the Pu�ids,- showing credl�s and debits to the Funds and t�e purpose far which each — � �
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<br />_'�:,�'.j, ' ' • ', debit to the Funds was made,'�L�pe runris are Pleci�as additional sxuriiy ior ai sul�scx:weu y " S �aurtiy Li�iruutcui. _;�-:--��-
<br /> -��'� ;� ;;;;'�,, If the Funda held by I.re��er eaceed the amouurs permitted to be held by applicable law, Lender sball account to Borrower t��
<br /> ' ''._,;;';`;.,,,$:.: for the excess�unds in accordance with the requL•cuients of applicable law. If the amount of the Flincla held by Lender at any ::
<br /> ',�. time is not suFficicnt to pay the Eacmw Itcros when dns,Lender may so notify Bonto�Her in writing,ead,in such case Borrower �_
<br /> • •���!` shall puy to L.ender the tunount necessary to malce up the deSciency. Boaower shall make up the deRciency in no mon than
<br /> ;';• �. �:�^;; , twelve monthly puyments� at L,ender's sole discrcdon, -;_.
<br />��, . , , Upon paymcnt in fi�ll of ell eums securecl �y rIiis Securiry lnstntmtnt, Lender shall promptly nfund to Borrower any _
<br />_ _. Fu¢da held by ixnder.If, �mder paragraph 21, I.,ender shall acquin or sell thc Propcny.Lender, pdor tu thc acquisitian or sale ;�.y:
<br /> - ,� � •� of thc Property, ehall ap}�ly any Funds ueld by I,endc:r at the tima of acquisitioa or sale ag a credit against the sums accured by
<br /> ` thio Securlty Inst�ument.
<br /> '`� � 3.Appltcatlon of PaYments.Unless appllcnblc taw pmvides othenvise,aU payments received by Leudcr under paragraphs ��-—
<br />���"•' •`?` �� 1 aad 2 shall be upplied: f�rst. to any prepayment clutrges due under the Note; second� to amounts payable under paragraph Z;
<br /> _r�',:.,, tii.r,
<br /> a.,.:�};•,� ''�;�' ;' third,to interest due;fourth,to principal due,aud lase.to any late charges due under the Note. -_
<br />-��.����y;r,, �: 4.Char�es;Liens. Bocrowcr ehall pay all taxc�.assessments,charg�s,fines and 'unposicions attributable to the Property
<br />�:�:,;,•� �; ;;� `s wUtch may attain prfority over this Security Instrumc�t, aad leasehold payments or ground rents,if any. Bonower shall pay
<br /> ;.;K •E• these obligations in the manner provided in p�uagrn��h'l.,or xf no[palci in that manner,Borcower shall pay them on tim�dIroctly
<br /> 'n�l�"'`' to tiic person owed payment.Bomower shall promprly tiuraish to Lender all notices of amounts to be paid under this paragtaph.
<br />=,y.t.�,;���'�;,,��, ff Hornowcr makes these pnymente directly,Dorro�vcr eua11 promgtly furnish to Lender rtceipts eviclencing the paymeuts. - -
<br />-�-�!��;,,;,,�t�., r, Borrower shall p�romptly discharge any lieii�vWcli has priority over this Security Instru�ent unless Borrower: (a)agrees in
<br />—.t,�„�N�;�• writing to tue payment of t6e obli�acton seci►rect Uy Qie lien in a manner acceptable to Lender;(b) coutests in good faith the lien
<br />_- ;Y• ;:• �- by, or defends against cr�forcement of the lien iu, le�ral proceedings which in the Lender's opinion operate to prevent the
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