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<br /> .. `�.�' . TOGETHER WITtI all the impmvcmeau now or hetrafter esected on ttsee pr+opr�ty,�nd ati easements.appunteaauces�and
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<br /> �. , . fixtur�c no�v or hereafter a part of tEce property. All repincemenu and acididor�s shail also bc oovered by Wis Security
<br /> °" tnstrumeTU.All of the foregoing is mferied to in this Seciuiry Inatrument as the"Pto�t}r.°
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<br />_ • - BORROW�R COVENANTS that Boma�rer is la�vfWiy seised of the cstate hereby ros�vey�d and has the right to�ran3 and
<br /> :. ,'.. , oopvey the P�ope�ty and that the P�operty is uaencum@ered,eacepi for enaambranoes oF r�cond. 8ormwer�varraats and will -
<br /> `� ` � defend general[y the dtte to the Pco�erty against a!I claims and demands.snbiect to any encumbranazs of record.
<br /> THIS 5£CURiTY INSTRUMENT combines uuifosm covenants for aatior►a!use and non-uniform mvenant�with limited �
<br /> � variatioas by}u�ssd'sstion to constinue a nnifosm searity ia�tnuReat coteriag r�sl Qmtst�ty. t"
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<br /> :�, : UMFORM COYENANTS.Basower and l�nder cavenant and agree as folIuiars:
<br /> . ��'` ' 1. Pgymeat oi Pri�cipa!and lat�est; Prepayment and I.ate CRarges.Borcower shall P��Y PaY w6ea due the
<br /> • �•� � . . principal of and intetest on the debt evidenced by tlte Note and siry prepayment and late charges due u�der th�Note.
<br /> •: �;��` , :; .' 2.F�ds for Taxes aad Iasv�aace.Subject to agplicable taw ar w s written waiver by Leader.Borro�vea shall pay W
<br /> _ Leader on the day mnntWy paymeats are due under the Note,until dtc Note is paid in€ull.a sum(°Fu�s'�for.(a)yearly taass
<br /> , � , and azsessmea�ts which may attain prior�ty over thi�Secoa�ity buu�unent as a lien on the Prapezty:(b)Yearly teasehoid payments '
<br /> � ��5�`"�+..��:� • or graunci rents on the Property.if a�,(c)Yearly 6arrrd or pmpeRy insuranre pmmiums✓td)Yearty ftoad imsarance premiums, �.�=.:
<br /> . ; ,. '�� "`: if any:(e)Yearly moctgage insuranoe premiums. if auy: and(�au�►sums�yable by Borrower to Lender. in axardauce with z1 ;
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<br /> , �;�..;:: , the pmvisioas of paia�-��i 8.in lieu of the payment of rnortgage insurance premiums.These itecns are called'Fscrow Items." .
<br /> t .`' �.�;.` Lender may,,ai any time.colIect and hoId Funds in azs amoutrt ant to exceed tde maxiurum amoant a lender fos a federa.Ly
<br /> . � � reiated��Iaaa m�y require for Borrower's escrow a000unt under the fedeial Real Estate Settlement Proceduces Ac¢�.E
<br /> .� ',v � 1974 as amea�d fmca�to time. 12 U.S.C.Section 2601 et seq.("RESPA°j,unless another!aw that appfies to tke Frta� ,t";
<br /> � � `�' sets a lesser amouni. F€so, Lender ma at an time,eoltect and hald F�snds in an amount not to exceed the Le.sser a*n� k
<br /> _ . �4:,. . ��.-i Y. Y snds
<br /> .:•.�;�..�:",.:y:, Le��der may estunate th�amonnt of Funds due on the basis of cvnent duta aud reasonable estimates of eapenditures of futs� �`�'�'
<br /> .• Fscrow items or otherwise in araordaase with applicable law. -
<br /> , ' "` ' The Funds shall be held in an institution whose deposits�e insured by a fedeial agency, ie�suuu�entality. or eatity •�
<br /> ,' . ` '�'" ' (including Leader,if Leader is such an instirution)or in any Fe�ra1 Home L�n Baak.Lender st�all apply the Funds to pay the "��
<br /> , . ,, • Fscrow Items.Lender may not charge Boaower for hu[ding aad applying the Funds.annually analyung the escrow account,or '�
<br /> � r .. . r-,� verifying the Escrow Ite�as,unless Lender pays Borroa•er�r on the Ftmds and agpficabte law pem�its Lender to make�sb �"�'
<br /> ` . • • a c e. However.Lender ma
<br /> , haig y requice Bormwer to pay a oa�Lue charge for an iadepeRdent real estate taa zeporting sc�a�isx
<br /> ��:
<br /> �• used by La�ra in aonaection with this loan, unless a�pG�bYe Iaa+ provides otherwise. iTNess an agreement is mad��or'• �:.,..;
<br /> ,`'�`' • . � applicable!aw requin�s iaterest to 6e paid.I.ender shaU a�t be req�ired ta pay Borrower any interest or easais�gs on t6e Funds. ��'�
<br /> • � Eorrower and LeAder���in writing. how.r.v�tizat iuterest s6al!be paid on tke•Funds. l.ender shall give w Borrower, . -9L-
<br /> , .� . � •��- without charge, an z��tt j;►acounting of the��mds,sfrowing credits and debits to the Funds and the purpase for whic�each MY w
<br /> � . • , debit to the�unds was inade.The Fw�s,sne ptedged as addi6onal security for all sums secured by this Security Inswme�. �;;`:•
<br /> � � `" . If t..�k.•�c:ads helc!by Lendet exa�r.�e amaunts permitted to 6e held 6y applicabte law.Lender shall accoun�ta Bcr�nwer -
<br /> � • ,. for the e�v�s'Fands in acoordanoe witii the requirec�eats of appllcable lsiw.If tt►e amount of the Funds hetd•try tCm-�der at siry ,���;;�
<br /> -- time#s not snf�cient to pay the Escraw Items K�6en dus, Lender may so not;fy Buuuw�i iu writn�g.ar�d.in�isci�case Bormwer F--
<br /> . � ' � -'.-- shall pey�to 1,ender the amount nea:ssary to make up the�ciency. Borro�eer shall make up the deficieneS+in no more than �.:�
<br /> '' . , twelve mae:"_Iy payments.at Ixnder's sote discretion.
<br /> . � . Uprn��rcent in futl of all sums 3ecured by this Security Inswmea�t. L.ender shall pmmpdy refund to Borrowet any �:�'
<br /> " � . Funds hetd try�.ender.If,under paragraph 21.Lender s8all aoquine or sell the Prope�ty,l,ender.pdor to the soqu�sition or sa�e _-__
<br />_ .. . �'� of the Praperty. si�atlt.tt�siy any Funds held 6y Lender at the time of acquisition ur sale as a creaiit �.- _
<br />- .. , . � this Seairity I against the sums secured by --
<br /> nctmr-�
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<br /> ; Y 3.Appltsaiioa c�`��rments.Unless applicablc law provides otherwise.all payments received by Lender under patag�aphs -
<br />_ ' ;..; 1 and 2 si�EE'be applieil: fits�to any Isrepayment charges due under the Note:second.to amounts payable under paraga��,'��,-, �-�°
<br />- � tl�ird,tp interest due;fourtt�.,W ptincipaC due:and last�to any late charges dne under the Noie.
<br /> . ��. ° � �'� . 6.Chatge5;Ide�.�$oaower shal!pay aU tapce�assessments.charges.Rnes aad imgositions ami6utab�e to the Prape�rty ' --_
<br /> . ' ` . which may attain prioiit�over this Security Instrumem. and teasehold payments or ground rents.if any.Borrowes shall pay ; ,�,;
<br /> . ��';�..�. ` these obligations in the ivanner ptuvided in paragrap6 2.or if aoi paid in that marmer.Borrawer shall pay them on time di�.4�y • �`="`=
<br /> , �,��G,�;��: ' to tfie�rr,qwed payment.Borrower shall pmmptly furnish to l.ender all notites of amounts to be paid under this paz��. ����
<br /> .',;:.,��,����.,� If.Bom:K�at��ic�e�ese paymenu dirertly.Boaawer shall prompQy fumisA to Lender rc�eipts evIdencing the payments. ""''
<br />`_ `'� _� '����` �� BpirGUL�sItait�zumpt[y discharge any lien which has prioriry over tAis Securiry Instrument un(ess Eomawer:(a)agrees in ' "``
<br /> ' . writing to the paym�rsss�;f the o6ligation secured by the lien in a manner aoceptable to Lender:(b)cortests in gaod fa�th the lien
<br /> : hy. ar defer►ds againsr enforcemeat of the lien in. legal prooeedings which in the Lendet's opin}on operate to preveni tlte �`:
<br /> , • � enforcemeef of the liea;or(c)secures from the holder of the lien an agneement satisfactory to l.ender subordinating W��en to
<br />— � . this Secluiit�Instrument. If Lender determines that any part of the Property is subJect to a Ilen whicb may attain prioril�over �'�`'
<br /> -• . � this Secate:y lnstrumeni.Ixnder may give Borrawer a notice idendfying thc lien. Borrower shall satisfy the lien or take one or
<br /> .' � � more of the actions set forth a6ove wlthin 10 days of�ie�iving of notic8. � `�.
<br /> . ��,L`;f:��;�; • Fano3028 9/£0
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