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<br /> - . � . �,� TOGEfHER WITH ail the improceuu.nn now ar hereafter erected on the propert},and ai!�.i..rmrnt,.sppurtenance�.anei �` ;-, � �� � ,
<br /> � . ` . fiature. no« ��r herwfter a part of the pn�peny. All replacementc and additiun� �hall alw� hc c�»entif hy ttn. Se��uriq• . .
<br /> • , � ln,trument. All af the forcguine i.mferre�i to in tbis Security In�trument a.the"Propem." , . '
<br /> BQRROtVER COVEtiAVTS taat&.rrouer i+la�cfuliy.eised of the e.t:�te hcnb} �um c}�i:uid ha.thr right tu gr.�nt:u►d `
<br /> -__;�� .�� ron��ey the Propeny and that the Propem i+unencumbered. e�.rept tur encumbrance.��t recor�. Kor*�n,er N:ITT:tlill;uiu wiii -;__--==:=- -
<br /> ' � `" defend generalt��thc title to the Property�against atl ctaimti and demand�.aubj�ct to an}�enrumhran��r of recvrd. � �
<br /> � �`*{ THIS SECURITY INSTRUl�1E�3T rc�mbines unifomt co�en:►nis f+�r n:ition•rf u�e:;nd nun-undi�rtn rnoett:mi�a•ith limitea < �-
<br /> • . •'� cariatiun,by;uriuiiction to constitute a uniform tiecurit}•in.trument coverins; rr�al propen�. : . . � . .
<br /> � - �i UNIFORbt CO�'EhAP3TS. &�m�N•er and L.tnder rnvenant and agree a, fullu�c,: •_ . + �; "
<br /> ` � • ��JJ-,{ 1. Pa�ment uf Frincipal and Interest; Prepay�ment and Late Ci�a��s. Bomi«�er �haii pn�ntpdy pay when due the - - —=--.---
<br /> � prim ipal of and intere+t un the debt evidcnred by the Note and an}•prepayment and late�ar��5 dur ander the Note. •
<br /> ', " 2. Funds for Tares ar�d Insvranee. Sub}ect to applicabte law or to a �critten w•ai��er by Ixnder. Borrow•er shal{ pay tu �-�' - _
<br /> ' . Lender on[he day monthly p�ayments are due under the Nate,untii the Note i�paid in full.a sum("Fundi'1 for:ta►ye�arty uues ' � �-: �
<br /> � • and a��essments which may attain priorin� oti•er thi�Serurity Instrument as a iienon the Pmperty: tb)}earl�•leasehold payments - 4r` - _
<br /> . �, `; or gmund�entti un the Propeny.if an�•:Ict yearty hazard or property insuran��e premiums:fd 1 yeariy tlocxl insurance pn.�tttiuetts. •� .. . -• �
<br /> .. if any: Ie)yrarly mortgage insumn.x premiwns, if an�:and 1�any su�n,payable by Barro�ser ti�L.ender. in accvrd:lnoe with . ' :�•r'P.':�°
<br />; � . . tha provisioati ot'paragraph 8,in[ieu of the payment of morigage insurance premiums.I'h�e item�ate plled"Fscrow {tems." :
<br /> ' - Lender may. at any time. cvltect and hald Funds in an amount not to exceed the maximum amount a ler.der far a fe�erally . __
<br /> •_ related mongage loan may require for Borro�ver's escrow acwunt under the federal Real E.titate Setdement Prooedures Act of ' : _
<br /> ' � # 1974 as aznerided from time to time, I2 U_S.C. Saction 2601 et seq. ("RESPA'►. unleu another la+v that applies to the Funds , � ';; .;,':.;;:'
<br /> sets a l�.+ser amount. If so. Lender may. at any time, collect and hold Fund.i in an amaunt not to exeeed the lesser amount. . ��':�:�`i::;:
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<br /> � � ' � � Lender may estimate the am�*�nt of Funds due on the�ai�of current data and reasonable espmates of expeaditures of future `• r;-� .���=
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<br /> . ,= Escrow items or otherwise in accorda�tce with applicabte taw. ,`,,•`� '�
<br /> . �, � ; *�:
<br /> z: The �unds shali be held in an inscEwtion whose deposiu are insured by a federat agency�. insavrneutality, or enury , , ;.�•;
<br /> ;�r..• —
<br /> '�• (includin Lender, if l.ender is cuch an i�"L-it�:tion)or in an Federal Home Loan Bznk. Lender siiall.apply the Funds to pay the ,,, °''-
<br /> € Y `.' �.:.;•�:��_:
<br /> - � � `%'��' +Escrow Items. Lender ma not char e Ba-�;wer far holdin and a i t the Funds,arumall anal zin the escrow avcounG c*r . �,�;��,F,..
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<br /> j` ��' v�ifying the Escrow Items,unless l.ender pays Borrower interest on the Funds and applicable law pemuts Lea�er to malce such ;���,�
<br /> -�'t}i�'�� • � . a charge. However,l.ender may require Bocrower to pay a one-time charge for an independent real estate tax reporting service �;,•;,:, '� ,
<br />````� used by Lertder in connection witfi this loan, unless applicable Iaw provides otherwise. Unless an agreement is made ez -��'�`
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<br /> applipble law requires interest ta 6e paid. Lender shall not be required to pay Borrower any interest or eamings an the Fuads_ ` ' ;::,:�;'::.,,.;:�::
<br /> 8orrower and L.ertder may a�ee in writing,however, that interest sha11 6e paid on the Funds. l.ender shall give to Borrowrr, ��: �; 'S •:;
<br />°x..ri.:.. . : ,: � tvs�out charge.an annuat asx�aunting of the Funds, showing credits and debits co a'�e Funds and the purpose��r whioh�each �fp.,,:� �• .`::". • '�=.'
<br /> 4 l�' � tt•d7it to the Funds was mau�.7sne Funds are pledged aS a�ditional secusity for all s�:rs�s sacured by this Securicy or•s�.*rmtent.• �% �`.' � �. �
<br /> ,'��7 If the Funds held b I�nd�r exceed the amvunts tted to be held b a hcable law,i.endsr shall aow�.*�c¢o Borrower . ,_ ,. ,r,.,;r.;:
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<br /> � 1��� far the excess Funds in accordaace w�.ls¢!ae requirements of applicable law. If the amount of thc[=�:nds held b} Lender at any ' .�����;'
<br /> '. .���;`.j time is not sufftcient to pay th:Escrce ��t�m+when du�,Lender mac sa notify Barrower in writi¢�,and.in sucf3 case Borrower � ,r,��j"��?;
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<br /> - �..•_� �m�o more than � ;�� •_
<br /> } ; s�aall pay to Lender the amczunt necessa.-:r co make up the deficiency. $orrower shall make up the deficiency
<br /> t�velve monthly payments.at 6xnder s sc�h:discretian. , ��r r�,
<br /> . Upon payment in fuli �f all sums s�cvred by this Security Instrument. (.ender xhall promptly refund to Borrower any . , , �. �_
<br /> • .; Funds hetd b.��l.ender.If,undar para�rap'�21. Lender shal l acquire c�szll the Property.Lender. prior to the acquisition or s::ls � • • ; �"f�:,
<br /> l � � � �' � of the Property,shall apply any Funds h�fd by l.ender at the time af a.-quisition or sale as a credit against the sums secure{:�?� ' � •� •�
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<br /> � ..4 this Security instrument. '� �:�Y
<br /> rx��' • , 3.Application oi Pa�'.��ts.Unless applicable law provides otherwise,aU pa}�menu received by Lender c��er paragraphs �' ,. `�
<br /> . " 1 and 2 shall be applied:fits.,to any prepayment chasges due under the Note:second,to amounu payable under paragraph 2: ° , ;�
<br /> � r'���s thitd.to interest due:fourth.to principat�ae:and last,to any tate charges due under the Note. '�'' �'
<br /> ,��1��.�� 4.Char�es; Liet�s.Borrower sha![ i:r,.y al!taxes.atisessmcnts.charges, fines and imgositiu.:Wtributahle to the Property "�,�f�..
<br /> ' � '�`.?,'t which may attain priority over this Security(nstrument.and leaset�c:d payments or ground r�.�s.if any. �,.�*.�rower shall pay � �::�'��•.
<br />' S:��: . , �;;��4 :hese obligativns in th�manner provided in patagraph�.e..-if no!Qaid in that manner, Barrower shall pay th .,:on time directly • l '
<br /> ,�x!';� ' �. ;`:� to the person owed paymest. 8orrower shall pmmpdy ftr��s;1 to ix:�er all notices of amaunts to be paid under this paragraph. ---�-`
<br />��;�'•' ::.� If Borrower makes these payments directly.Borrower shait pror.:��clg turni.sh ta LenCer receipts evidencing the payments. : ,"�
<br /> �;' �� Borro+�c�shall promptly discharge any lien which has prior.:R:��er this Security Instrument unless Sorrower:(a)agrees in
<br /> a,,, . . ; .
<br /> :vriting ta the yayment of t�e a b ligation�cur e d by t he li�in a manner accepta b te[�L en der.(b>can tes u in go o d fai t h t he:;e n „f• ��:; • ,
<br />___ . '�S, or defends against E:.ifor�ement of the lien in, t��� proceedings which in ���z Lender's opinion oper�,:-e to prevent �he �`• . �
<br /> --- enforcement of the lien;nr ic)secures from ihe holder o`ttte lien an agreentent satisfactory to Lender subor�,-�u:ing the lien to
<br /> �'}'�� � �'' this Security lnstrument. lf Lender determines that an� p:�-t of the Property i�subject to a lien which mE,�• attain priority over ` � �
<br />`="�1 •. . � ��'�r;;�� this Securit}•�nstrument.Lender may give Borrower a nnt�c�ide�:ifying the lien. Borrower shuti �+a'.isfy tho{ien ar take one or � •� ':
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<br /> ,�.. ����.•��� •�: rnore of the actions set forth above within 10 days of the piuing of ni�tice. ;;����;•?,;�:,;• �.�
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