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<br /> °; � ' . , T(�GE'THER LVITH all the improvemea� aow or hereafter erected on the pmperty. and all easements. � . ,
<br /> �;r : appurteaances,sud fistures now or hereafter a part of the property.Ali replacements and additions shall also be covered f;
<br /> > bp this Svcuritq Instrumeat.Ali of the foregoing is referred to in tWs Securitf Insuument as the'Property."
<br /> '�� BpRROWER COVENAN'I'S that Borrower is lawfully seised of the estate hereby conveyed and has the right to
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<br />-•; � grant and convey the Property aad that the Progerty is unencumbered,escept for encumbraaces of record. Bosrower
<br /> :� � warraats aad will defend generally the title to the�'roperty againsc all claims and demands,subject to any encumbrances ,
<br />__k, cf reoord
<br /> _ -- 't'HIS SECL'RITY INSTRL';�iEi�'T combiaes uuifonn coveuants for national use and non-imiform covenants with __
<br />°'; • limit,ed variations by jurisdiction to wnstitute a uaiform security instrument covering real property. �_ _
<br /> �`: �'VIFORM COVENANTS.Horrower and I.euder covenant and agree as follows :::�i�,' .
<br /> �_` • i.Paqment of Psincipal and Interest:Prepaymeut and Late Charges. BorroWer shall promptly pay when due ^'
<br /> the principal of and interest oa the debt evidenoed by the Note aad any prepayment and late charges due uader the Note. , � =`=`��
<br />�`� 2. Fnnds far Taxes sad Insnrance.Subject to applicable law or to a wntten waiver by Lender,Borrowet sha11 ;��.:•�
<br /> �; � pay t�Leader on the day montWy payments are due under the Note,vntil the Note is paid in full,a sum(°Funds")for. � .,.:,;^;�;�,•��;
<br /> <<�; � (a}�arlp taxes and ass�ssments�eich may attain prioriry over this Security IastNm.eatas a lien on the Praperty;(b) :'.�:r,;��',��.� �- ..•
<br /> . :.r ti pearE�leasehold paqments or g�u�r3.rents an the Property,if any;I�) p�lp��pT°�insurance g�sums: �.'�.�:f!��',,?.,:
<br /> `�3' i ('')1��Y fload insurance premi�,..�.if any;(e)Yearly mortgage insurance premiu�y.�anY;arid�f�aay sums payable _ `.�:�s,���_; �.
<br /> ' }� ; bp�orrower to L,ender.in accordance with th�provisiens of paragaph 8,ia lieu of the paysaeut�f�ortgage insuraace . , „ .
<br /> `'.;�- � premiums.These items are called°Fscrow L•tesns."I�eader may.at any time.coltect and hold L�'�'s in an amount uot ,�:� ,
<br /> � tn esceed the magimum amount a tender for a federally related mortgage loan map require�c=-Borrower's escrow ; i `;;;,*%:' "i
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<br /> accouat under the federal Real Fstate Settlement Procedures Act of 1974 as amended from time to time, 12 U.S.C. -`�='�%"`• �
<br /> � A;ii�:. �.
<br /> '-.�� � Section 2601 et seq.�"�PA").unless anot�er law that agplies to the Funds�ts a Iesser amoun�I 4 so,L e n der maq, . , '
<br /> �', at any tisae,collect and hold Funds ia an am�rsnt not to esceed the lesser amoun�Lender may estimate the amount of ; : :.;` ..` ` .�
<br /> Funds due on the basis of cunent�data and reasdnahle estimates of espenditures of future Fscrow Items or otherwise in F'; .-�.:���� � � :`�
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<br /> -.,, • _�t accordaace with applicable law. : , :. 's`•. '::.
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<br /> The Fuuds shatl be held in an institution whnse deposits are insured by a federa!agency.instrumentality.OT CIIULjr . �i.,,,J�',,,�.,_� �.:,.
<br /> .�v' �.,�. (inclvding Leader,if I.ender is such an institution)or in any Federal Home Loan Bank.Lender shall apply the Funds ta ;;y,�%J;�;aS� ,�..::
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<br /> pay the Escrow Items.I.ender may not charge Borrower for holding and applying the Funds. annually aaalyzing the ,.�f_�,.�;.�:� `. .<.:
<br /> escraw accoun�or verifqiug the Escrow Items,unless I.ender pays Bonower interest on the Funds aad applicable law ?i�'r;�+�2,`.:��.��.;;'
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<br />';_�.', pesnaits Lender to make such a charge. No�ever, Lender may require Borrower to pay a one-time charge for an ��_, .�,: ; : ' ,�;
<br /> '.�°� iadepea�i.°nt real e�tate tas reporting service used by Leades in connection with thia loan,unle�applicable law provides `'° -' �
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<br /> o�s�Unless aa agreement is made or applicab:e Ia�-cequires interest to be paid,Lender ahall Aot be required to �.+.;,ai;;,;�s,,;.�°,:`
<br /> .�;.�:k'.: pay���er aaq interest or earnings on the Funds.E¢c4+u�c�rt attd I.endet may agee iA writing.howevet,that interest :�;:.��?w�;$;':,:,: �=
<br /> sfiali be paid oa the Funds.Lender shaU give to BorroRe.:�ithout charge,an eanual accounting of the Fuada.showing ��:' �`. ' �`�.:
<br /> �� � credits and debits to the Funds and the purpose for which each debit to the Funds was made.The Fuads are led as �
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<br /> �, .;'.. addiuoaal security for all sums secured bp this Security Instroment. ;i:: .::, .'.. ���.:;-
<br /> -� ;� If the Punds held by I.ender esceed the amounts persn:tted to L+e�eld by applicable law,Lender shall accflunt to ,:;,��°•a- �
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<br /> •' � � Bonower fos the escess Funda in accordance with the reyti:.�en�of applicable la�_If the amount of the Funds held • �,���;�.' :s:;F=
<br /> �`�!�� by Lender at anq time is not sufficient to pay the Fscrow,ri:�s whea due.Lender may so notifyBorrower in writing, 3 �.7;� �:;�
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<br /> - and,in such c�.se Borrower shall pay to Lender the amount necessarg ua make up the deGciency.Borrower shall make
<br /> ,;�; up the de�ciency in no more than twelve monthly payments,at Lertder's sole discretion . . . � '
<br /> �'��;� Upon payment in full of all suma secured by this Sec�sity Instrument.Lender shall promptly refund to Borrower , i� � .°
<br /> :,?; any Funds held by I.ender. If. under pategraph 21, Ix¢,�shall acquire or sell z�e Property. Lender, prior to the '�• i _;;.
<br /> acqui��ion or sale of the Property,shall apply any Funds:m_:d by Lender at the time of acquisition or sale as a credit
<br /> �.s', '�.�� agai:s�tAe auma secured by thia Security Instrument. ;� .,, �' -
<br /> � '=° 3_ 3pplicatic�ra of Paymeats.Ualess�iicable law provides o�,�wise.all payments received by I.ender under ���� �;
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<br /> �- � � '+ para,�^�..,='hs 1 aad�yiall be applied:Prst,�a�..c�prepayment charges c�.w under the Note;second,to amounts payable
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<br /> � ,�:,. �..��;;� un��ragraph 2;third.w interest due;fo.�,w principal due;and las,to aaq late charges due under the Note. ;:� .., :"u
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<br /> ,>�: ° . �;; , � Chssges: Lieas. Borrower ahall pay all taxes,ass�sments,charges.fines and impositions attributable to the � ;� ��``
<br />' °f'"'` �� "# � Proper.y which may attain priority over tris Security Instrument,and leasehold payments or ground rents, if any. �: � �
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<br /> ��>.; , � � ' i Barrower shall pay these obligetions in the a:anner provided ifl para�raph Z.or it not paid in that manner,Borrower �. , ,.
<br /> _ ` ,� shall pay them on time directly to the gers���wed paqment.Borro��s.'�all promptly furnish to Lender all notices of ; ; .
<br /> � amouats to be paid under this parap,raph If�c-rower makes these pa,:-::nts directly,Borrower shall prompily furnish � �
<br /> �� '' ,' �,.� . � w Ler,�er receipte evidencing the payments. ; r ,
<br /> � � , �� �rrower shall promptly discharge any lien whicI:?��priority over this Sec-�rity Iastrument unless Bonower.(a) � � :
<br /> `' agc�ees in writiAg w the payment of the obli�:ion secured by the lien i^a manner acceptable to Lender;(b)contests in � �
<br /> ;•,j,:,t • � � goad faith the lien by.ot defends against ean£�cement of the lien i�.Lx�1 proceedings which in tha Lender s opinion
<br /> •:,- # • operate to pravent the entorcement o4 the Gn��.:or(c)secures from tGas c.vlder of the lien an agreement satisPactory to � ' ' �� , .
<br /> : ' '� Lender aubordinating the lien to this Securiry tnstrument.Ii Lender�e�-mines tr,�s any part of the Property ie sublect �. � .� ';., '
<br /> �' t o a lies which ma y attain p r iQrir�over this Security Instrument.L.ender�a�II.:�e Borrowet a notice identifying the : •�'�i�'' '`
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<br />�i�; ;� lien.Borrower shall satisly the_:c�a or take one or more of the actio�s set f�rc'st�bEZ:e within l0 days of the giving of ; ;. �
<br /> � notica. , �,;: .
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<br /> -� ` � ' Form 304 0 ` '
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