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<br /> :. � . , TOGE7HER W1TN a11[he impiaveaienas now or hereafter erecced on the PmPer�}►,and all �ents;apguccenaases.�d
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<br /> r �� fixque,s now or hereaf�er a part of the P�'P�Y• � ftPlacements and additions shall aiso be covezed by tLis Seauity
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<br /> .� t�. �tnuce�t.All o#tl�e fo�egOing is tefe�to in this 5eauit�+Iastrument as the'Pcuperty.'
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<br /> �.." '�_..::,:..:,.;;::':;' BORROINER COVENAN't'S th�t Borr�arer is lawfullY seised of the estate hereby cxinveyed and ha,s the right co grant ate�
<br /> �;s� � oonvey the Ptoperry and that the Y�ope���;t�nenwmbered. excePt for enrumbrances of tecarsi_�sower aarrants and wo�3 �'f��
<br /> `� " the 6de m the � �Il claims aad demands,subject w a�►encumbr�'isf reoard. --
<br /> ° tt�fend geaetalIy �'aP z�
<br /> , s� '', :�, THIS SECIJItITY IIVSTftt��.e�'�es�mifosm ooveoants fos nationai use ana noa-un�form covenants with limited
<br /> �s�``� �' ction w cansaaiu�a�securiry imcr�eut covermg real P�P�3+•
<br /> F , '�t %: �•�,�ODSbY1uILSQ1 . . �'�
<br />:-•�..r,:s��".s�v' �a: UIVIFOAM�OVENMtTS.Bornovie�8�sd Lender coveaant and agree as foIlows: . �-`--
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<br /> _ !.Pgym�t oY Pt3nctpa1 and Iuteres4; Prepayment and I.ate C6aeges.Bosmwer shal�.pmmP�Y PaY when dne the
<br /> Y."� principal of and intetest on the debt evidenced by ths Note aad aaY P�PaYment aad Iaze charges due uader the Nate. ��
<br /> �'-��- �� =_� 2.F�mds for Taaes and�nsnran�Subjece to applicable law or to a wtiueu waivcr by i�nder.Eostowes aHall pay ta �---
<br /> °::. �� .� ' . Leader an the day monthty paY�eats are due under the Note.until the Note is paid in fiill.a snm�'Futtds')for.(a)Y�Y� .
<br /> and assessmeass wAfch may attaia pr�orit�over ct�is Seauiry tamument as a liea on the Pcoyeny:(D)YeartY teaseho2d paymenrs
<br /> . or growtd rents oa tIIe Praperty.if aay:(c)�reariy hararci or propetty insvtartce premiums:(d)Yearly fIood insurance premiums. °_-
<br /> � . . . if aay:(e)y�arly atortgage iQSUrance pmmiums.if uny:end(4 any eams payable by Bortvwer tfl I.Eader. ia sccordaace wit� -
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<br /> • tYte ptovisiaas of paragrag�8,in lieu ot the paymsa�t of mortgage iaaurance pre:ninms.l'hese items are ca11eA'Fscrow Items." -
<br /> ..�::�.�.� � LertQer may. at aoy Nme.colleci aac�ho24 Funds in aa emoun� aot to exceed t�e maaImum amnunt a teader tbr a fe�Qerally
<br /> . ,: �:;:•��• ielatcd mo�e laart may require for Borrower's escraw aecount uades tbe federal Real Fstate Sealearent Prooedures Act of
<br /> '� ` �� 1974 as emended from time to cime. 12 U.S.C.Srcnioa 2bU1 et aeg.('RESPA').unless�other law t6at applies to the Fua6s
<br /> . � �;:N� .;;:.. ,� seta a lesser amanat. if so.Lxnder may. at aay dme. coltect aad tiolA Funds in an amauat not w exceed the tesser amouut.
<br /> _ .�.:,.� . �Y i�aQxr may estImate the amount of Funda dus on the basis of c�ureat dsta and reasonabte�of expeadittues of ti�nue ,
<br /> �`,• 1�"''�'.��,:�.�; Escrow Itams or othecwise ia accacdaacx with applicable 1aw. �
<br /> :`�,:,� :%;>:�,:;'"`� =� instrumeutality o
<br /> ,`;.,,... ' .. The Fuuds shall be held in as► ins�itut�an whose deposits are insured by a federal agency, • r�Y .
<br /> � ;>'�"`,�:�''," } Cmotudiaa Lender.if Lender is such�im�oitution)or in mry Federal Home Loan Baalc.LaWer shall apP13+t6e Funds to pay t�ie
<br /> .,,,:; :
<br /> �� '' �` . Escaow Iums.I�ender may not chaz�e Barrawer for holding and aPP1l+�S the Fimds.�ttnallY�Y�B the esttow accouat.or
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<br /> �:-, � ; verifying the Fsemw Items.unless�.ender paps EormwQr interest on the Fuuds�d applicable la��peffiits I�nder to make such _
<br /> ' •� a cliarge.However.Lender may require Bormwei m�a one•uwe charge for an indepe n deat c e a l estate tax repa i d ag s e r v i c e :-
<br /> �.:� ;;� tua� by I.�det in conaeaion with this loan, �mle� y�plicable !aw pmvides otheravjse. Unless aa agreement Is made or , `__`
<br /> ;."/.�,.���;:. ': �:� aPPlicable Jaw m,quire�interesc w.be paic�..�trader shall not be required to pay Borrawer any iat�cest or eamings on the Fuads. �,:
<br /> = .,.;� gorrower and Ixnder may agree iawii�g;.bowever,tbat interest shaU be paid on the Fuads..II,r�ader shall gh►e to Bormwer. -`__
<br /> _ , .:s witttout charge.aa a�ual ac�ao�iug�bf.�e Funds,shoaing cre�its aad debits[o the Funds and the pnrpose for.a+bich eacb
<br /> r, ,� ,�r: :� debit to the Funds was mzde.717ne�mzds�e plodged as additional seauiry for all su�rs secured by this Security Instnunent. � . �:`
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<br /> , A,�yr• ,.::k' If the Fuads Deld by�er,�.iine amounts germiued tn be held bp aPPli�le law,Lvader shall aocouat to Bosrower
<br /> '' ,<<�r�Y `�for the excess Funds in axardazic��ti.�rr requin7neau of appfi�hle law.If the�amount of tP,��nmds held by Leader at aay R
<br /> • � ���"' ;rt�.� �t�uue is not sufficient to pay ebe Escrcv��s uhea due.Leuder may fo notify Eosrower in wr�,aad,in such case Bmrawer ,'. _
<br /> ' �` '�".� �iall pay to Lender the amount necessa.j.ai make q�c�e deficiency.Borrower sb.all make ug c:�defiaen�in ao more tDau �;,�___
<br /> ,,,:;r ` �` :� twelve monthiY PaYmenu.a�l.ender's soi�::�w ..._, � � . • � �• � •�.
<br /> , ° 4� a LTyon paymeat in full of all susas,',±�ttt�d by�:3 Securiry Iustrument. Lender sDall prosPtly refimd�'td Botcower�ty -� -
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<br /> � •� �•�'� Funds held by Leader.If.�mder paragr�,a�.r�I.Lender sl�ail acguire or.seU the prop�ltyr.Lender,dmor to the acquisition cr��:�.. '�:�..--
<br /> � . 2 of the Property.sLa11 apP�Y�Y Funds�6Y�der at the time of acquisition or sate as a credit against the sums seaue��i�,f.. . , �"`_,..
<br /> , this Secu�'Iry Instrument. � `, , � ' : � ����
<br /> � 3.AppBeatton o!�lsa�sm�.U�te�s applicable Iaw pmvides otAerv�rise.all p�r,�r�s received by L:ader ander paragrap�s� �°"�``
<br /> � ��AitM1AS•..:
<br /> �� . � 1 aad 2 shall be applied:first.,'�a-�3���aywent charges due uader the Note:seoulyd.to amouau payable under paragrapb 2: .,�• ;
<br /> �� ; third.to interesc due;fourth.fo'gfs�����:and IaSt,to any late chsges dne under the Note. ` " �_
<br /> . . , .; 4.Cha:g�s;U�s.Bonowa�. ''.p.s`a1T taaea...assessments,charges, F �" -
<br /> - fines and im osidons ataibntsble to the Pcoperty. . �:.. .
<br /> . . T• whicb may auai�prioricY ci�c ihis Se�..'"s�+ Ias�rumr�.ated leasehold paytaents or ground reau. if arry:�Borrower shaU pay �:�`
<br /> �• these obligadons in the��'�ros�3 i�1�aragraph 2.or if not paid in that manaer,Bosrawer ahail pay th�t Aa time direaly � _,:
<br /> ' '�' -'' •`• '°' i�oG i�.�•�3�11 fum'ss�to I.�tt all�ices of em�nnts t�b�p3i�]�rstdet this p�h.
<br /> - , w t i i e p e;aoe ow�d�a y�: P�m P�Y K .
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<br /> .'�..?,+�t`,. .�. � If Borro�ver makes tteese pa-��dircetiY'•Borrower shatl promptly fumist�to.Lender reoeipts evideaaing the paymen[s. :..
<br /> . . : , Bozrower sball pmm�dy;dis�ei�ge aay liea which has priorlry oves this Secatiry Iasa�ect wiless Bonoaer:(a)agrep.in�• �_,,'
<br /> _. , �� � writiag to the payment of ti�obligation secured by the lien in a maaner aooeplabte ca Lender:(b)contests in goad faith the lien 4�r{,E:
<br /> � �' by, ot defends against enforcemeat of the lien in. legal prao�dings wIIicb ia the Lender's apinion o{sPrate to preveni the �;"'
<br /> • ' . i enfarcement of the 1ien:or(c)secures from tbe holder of the liea an ugreemeat sasisfactory to Leader subord�ung the lien to
<br /> � ; tLis Security Inswment. If Leader dececmines tLat a�►paa of the Propeny is subject to a llen whic�may attain ytioriry over .
<br /> � E thia Securiry lasuumenc.Lender may give Borrower a notice identifyiag tIIe lien.Bonower shall satisfy the lier►or take oae or �
<br /> ; more oithe actions set forth above within 10 days of the giviag o!notice.
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