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<br /> �° TUtiETHSR WITH ell the improvements aow or i�aRer ese�d oa the pmgertY.and aI��.ttp =
<br /> y� � futures now or aereafter a part of tht; property. Ail reptaoemei►ts and additioas shall atso 6e wvet�ed by this Seaarity `
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<br /> . .'^, ,."• 5 Insm�ment.All of tde foregoing is referned to in tiris Security Insuument as the"Prnperty.' �-:.
<br /> �� � BORROWER GO�'ENANfS that Bonower is lawfulty seised of ihe estate hereby wnveyed and has the rigdt to g�am and � -
<br /> _''`, _- ex fttr tttcumbr�aees of tec�td.Sotmwet warrants and will �'--
<br /> :�;,' oonvey t6e Fcoperty and that the Property is unenaimbered. cept
<br /> �- °`, � defessd generally the titte tfl the Prnperty against a!!claims aBd dec�d�.subje�to any encumbrances of r�ord. �;.:�
<br /> ' � . THIS SEC13R1TY lNSTRUMBNT crombiaes uaifonn covenants for national use aad non-uniform oovenanu with limiicd �.�`.
<br /> .,� variatioas by jurisdiaron w consritute a uniform security insttument covering reul proFerty __
<br /> . ' ' UNIFORM CAVENANI'S.Horrower a�Ia�der covenant and agreE as foilows: whsn due tlte ��
<br /> • i.'iyyym�t of Prindpal ased Ini�eSt: P�ayms�t an�I.nte�harges. Bortower shall prompdY pa9 ___
<br /> principal af and intcxesc on she debt evidenced by the Note and any prepayment and tate ci�arges due ui►der the Note.
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<br /> 2. Fands foa Tas�s and Iasmaace.Subject to applicabie Iaw or to a wriuen waiver bY Lender,8orrowcr sbaU ptry to
<br /> . , " :.:��� I.ender on the day snonthly paymeats are dne undet the Note,wotil the Note is paid In fWl,a sum("Fauds'),fm:(a)Yeaz1Y t� _—
<br /> , ..,� aad assessments wtuch may attain priority over this-Security Instrum�ent as a iieo on the Pinperty:(b)YeaziY lease4�old PaY�� .�
<br /> ' , 's or g�oaud rents on t&e P r operty,i€atry;(c)y e a r�y t,�r e o r p m n e r c y i n s u t a n c e�e m i w n s:(d)Y e ar t Y f t a a d i n s u t a nce pmmiams. _
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<br /> :>;' if aay te}Y�jY��ge��u�p��•if arry;aad(fl anY s�ms PaYa61e by 8ormwer to LeBder,in accondaaoe with .
<br /> ..�';>:.. " ._ ,
<br /> . . .. ,;-�, the p�o�visions oE pazagrap h 8,in i ieu o f t he p a y a t e n t o f m o rt g a g e i n s u r a a s e p r e m i u a�s.T h e s e i t a n s a r c c a l I e d'Fscmw Items.•
<br /> -_•:`�� Is�d�r may et a�+ti�e,colIect and hold Funds in an amount not co e�eed the ma�dmum amnaat a teuder for a federally
<br /> �. � .:.-�i . �tated mortgage toau maY�re for Borrower's esaow accouac nnder tt�.federal Real Lst�e S�ttemea�c Proc�dures Acc of
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<br /> .r.;';�.�. •. 1974 as amended from time to time,l2�U.S.C.Section 260I er seq.(°RFSPA").wiless aaottiec law tLat applies td the Funds
<br /> .. .;:��,�."�-,.�.;,;�°. s�s a(esser amuu�.If so, l�eader may.at any time,oollert and hold Fands in an amount not to exoe�d tbe IeFSer amaunt. �
<br /> . ; ,�; Lender may�stimate the apnoimi df Fands dae on the 6asis of aureat daEa and teasonable esumates of expenaitures of futare
<br /> `,. t Fscmw iteama ar othera+ise in aocaidanre arith applicable law.
<br /> ,,;��.�_✓�...;:...l.':. Ttie F�ds shall be i�d in aa insdt�tlon arhose deposits�ate imvred b3►$ fedeiai agencY. instn�uce�tality,or eatitY :
<br /> :, • . . :
<br /> �:;� . (includin�Ixnder,if Lender is sach an institadon)or in any Fedeial Home Loan Baak.Lender shall apply the Fnnds to pay th$
<br /> . �'� � �:�_N: ,c: I the Fuuds,annuatt aaatyzing the escrow s000�at,or
<br /> ;.�-r . Fsscu�e�ems.Lender may not charge�orroarer for twldinS�and aPP Y�S y
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<br /> - � ' ver�'�g t�•:Fscco�v tLems.�less Leader pays Borrower Inteiest on the F�mds and appiicable law permits L�enQer�make sncfi
<br /> .. - "`��� a d�.��doR�ever,�ader may req�cire Banowr�to pay a on�ttme char��i�r an iadependent real est�te tax c�roning servia .
<br /> ' ' osod.by E.eudei ii4.;�an�tion with this loa�, iin3ess applicable law pmM1-�es otherarLse. Unless an agr�ement is made or ,
<br /> , �;,'�� � . .,.;' aPPli�b:a Iaw re+�..-�interest to 6e paid.Len�ea sball not be reqaired to pay Borrower atry intct�t or eamings oa the Funds. _Y
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<br /> _ .'.;��;�!�.,�'a�. ` ! Sorcm��r and Lxnder may agnee in vuiitiag,however.thae interest shall be paid op the Fuads. I�euder shall give to Borrower. _
<br />_ :'��+`r;. � ��'' without charge. an ar.nual accounring of ttie Funds,showmg credits and.debifs to ihe Eunds and the pwrposts for.wLlch eacL
<br /> . ^�`'; debit to the Funds tcar,made.The Funds ste ptedged as 8�ditiona!securiilr�ioi�a�l sutns se�ured bY this SOCUrity tncrn,�n,
<br /> ' ' �,.::� If the Funds hen�by Leader exceed the amounts pem►iued to 8e 6elu�LKg�pplic�ble taw,I.ender shall acoount to Horrower =-
<br /> ' ' � 'for the excess Fuads in accordanoe with the re9uinemeats of agplicable 1aw.if tbe amount of tbe Funds he2d by Lender at enY�
<br /> � ,��.: ' ` ;�,� time i�not su�icient to pay the Escrow Ytems ahen due,Lender may so aotify Boaower in writing.and,in suc0 cas,e Bomower =�_
<br /> : } �pay w I,e n d e r the amount neces s a ry to make up the deficieacy. Bormwer sha1�make aP d►e deficiency in no�more than
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<br /> .;�. . �:.'����, twelve mo�y payments,at Lender's sole discretion.
<br /> . � ..,; .,� .t . Upon payment in full of all swns secur�by this Seauity L�smunen� Lender shall promptly reflrnd to Bomower.any
<br /> . , ��, Fands hetd by I.�nder.If.nnder para�raph 21.Lende=sl�all acquire or sell the Property.Leuder.prior to the acqaisition or sale
<br /> . : ��s of the groperty.sha11 apPiy az►y F�:nds he1d.by Lender at tAe time of soquisition or sale as a cre�it agaiast tiie snms secut+ed by
<br /> _.: ..�,...;. ��::. - tbis Seaarity L�snumen� ,% _
<br /> •... ;..��; 3.Appllcattoa of F�yments.Unless applicable law provides utherarise. ������h��under paragrap�h Z
<br /> . . 1 aad 2 shall be ap�lied:firs�to atry PrePayment charges due under We Note:
<br /> � • '' � third.to interest due:faurth:w princiPal due:and 1ast.to atry late charges dus nnder the Note.
<br /> . � . 4.Ch�¢�Lieav.Bormwer shall pay all taxes,assessme�ts.cfrarg�%.fines e�impositions attn'butabte to the Property
<br /> -..3 wluch may sttain priority over tflis Security ingtmmene,a��sehold payments or ground rents. if any. Borrowet s�aU�PaY
<br /> . . � � � , these obligations q�the manner provided in paragcaph 2,or if not paid in.that manner,Borrower sbaU pay thc�on tIme diredly
<br /> : . � . . ,,,,�. W tM person owe��taYmeni.Borrower shall proniptly fumish to Leader all noti¢eg of amounts to he paid under tlus paragepb.
<br /> • ' If Borrower malces these paymenu directly.Borrowes sha11 pmmptly furaish to Lendes rer,eipts e�ddencing the payments. .
<br /> ."'�:';;�`•., � :, `�: �Bmrower shall prompilY discharge aaY lien ahich has prioaty over tt�is Sec�uiry Insttument unleas Bormwer:(a)agees in
<br /> '�%;�,'•: : , wMfag�ro the payment of the obdi�on secured by tbe lien in a maAner aecep m b 1e to L e n d er.(b)o o n t e s t s i n g o o d f a i t b t h e l i e n
<br /> 7;:��' ;;,,:., mceedings vr6ic� in the Leuder's opinion ope�ate to prevent tbe
<br /> ,. �,�.,�, by,ar defeuds again.�t enforc�at of the 1�in, legal P
<br /> enfor�emem of We lien;or(c)secures from�li�holder of tLe lien an agreement satisfactory to Lender subotdinating the lien to
<br /> ' :�.`�� this S�curity Inst�nt.if LendeF detemu�►c�4i�at any part of the Property is subject to a lien which may attain prtority over .
<br /> ,��;,� � .
<br /> . . ' ` this Sec�rity Insaument.Lender may give$arrower a aotioe idendfying the lien.Borrower shall satisfjr the llen or take one or
<br /> � • � maie of the actions set fortD a5ovre within 10 days of the giving of notice. • —
<br /> , '� ' Form8o28 �9190 _.
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