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<br /> 9�- ��t)6"7f� BOQK /�� PAGE 8� �
<br /> TU(�FTHfsR WITH dl �he improvements i�w ar hereafler crtcted on thc pnrpeny, und ull cuseincnts,uppuncnunces,uixi
<br /> tircnirct r►c►w or herteRer N �rt oE the p�npeny. All nplecemenis atxl txlditinns shall ulso t►c covereci by this Secutity ,
<br /> ln�trument.All.�f the forc�c�ing is reftrced t�in this Sec:urity lnstrumcnt�s thc"Pr�perty."
<br /> AORROWE:I2 COV6N.hNTS►h�t Bormwar iti lawfully seised uf thc e�tate hcreby conveyed s►nd has the right to grant nnd
<br /> convey th� Pmpeny md ihat�I►G Prapeny ie unencumbered, extept far encumbranccs uf reiord. ilorrower warrunts And will ,
<br /> defend genCrally the tiAe to the Property t►buin�t ull claims aixi demancis. subjn�t to uny encu�nbrancea of reeorci• ;
<br /> THIS SGCURITY INS'TRUMENT comhfnes uniforni cavenunts P�r natiunal use aixi non•uniforni covenants with limited ,
<br /> vuriati�ms by jurisdiction to con.�titute a unifarm sec:uriry instniment�rverin�renl pn�perty
<br /> UNIFQRM COVFNANTS. &irrower and Lencier aivnnent urxi ngrco as follows:
<br /> 1. P�ymNtt �t Princip�l And Intercst; Prepoymcnt �nd I.�le Char�a. Aorrower shell promptl� pay when due tbr
<br /> principul of aicwJ:i.r.T�r.nst on thc dcbt cvidencod by the Nota a�x1 any prcpayment and lete chargcs duc uncl��the Notc.
<br /> 2, 1��,�,d�s f,�+r xaa�ea�iad�Ansur�nce. Subjece tr1 nj,�licahle lAw or tc� a written waiver by I.endcr, Bor.xnwer sbadl pa,y cr.,�
<br /> p.,cnd�er vrt.ll.be da� r.r.qaC4d}�(�,}'�n.,ents�uC c���e�xnd,tr.fhc No�.c,untit the Nae is pald in fuU.a suin("kunc}.�"T fur:(2t1 Y'�9 t���
<br /> .►. 4 ....,:.. ' '��,� ,..,r�h.a Ckv;ar�.v Inctn�mellt iS A�Ittl OIl tf1C�fODC11Y:4h)Y�Cy�C�,S°•c:Y��'��lyttl�t7lS
<br /> H(Nl ilJl�CJJ+.rwi�E3 v.�i3Cn�iw� ..�w....pi:C:'�.,�,.:'... .. --.� °...
<br /> ur graund c�r�ts r:.ti ihc F'ropcny, if any;�c�;.��tj'hac�nf ur property inwrance prcmiums;(d�yearEy 61:�ad in.cie�arc��e prentiu�,ns, .
<br /> if any; (e)y�arCa mortgage insurance p�mi.u.tns. if eny: and(fl any sums payable by 8orcawer Ao�.:nder,iri.a�ordanec'+��ie1h�
<br /> thc provisions of pangraph 8,in lieu of th�e}myment of mortgage insurance premiums.7'hese itecc►s are calloe4..",I�.ycrow hen�.5."
<br /> Lender nury. At any time, collect and hold Funds in an wnount ►at to exca�ti tt� mxtcemum amount a lendcr�ftcM'� faierally ;;�::.;
<br /> relatai mong�e loan mry require for Borrower's escrow account under the federat�Ceal Gstate Se�tlemr.at Ar�c��lures Act of -=
<br /> 1974 as umenrfrr,i,from time to timc, I2 4).S.C. Scction 2601 et sey. ("R�SPA"p. vnl.ess aincxhe�r law that applles to the Fu�cl�
<br /> sets a laas�r a�Tr.,tv�nt.If w. I.ender n�y.a�t any tinx. rnlloct ux1 ho[cY Funds in an amount not tae�xceed the lesser amq�mc.
<br /> Lender may estns�naale the ux�ount of�uc�s due on the bassis of curre►e�:data ux!rca.sonab�e estir��Yt�s uf expcnditur�s of ftiturt �
<br /> ' Escrow It�ms or l�therwisc wr.r,acc�daa�e with rpplicable law. ' � `
<br /> '�'he Funds slull be hekf in an, e�.�Gitution whose Jeposits are insured bX a. fede�l agency; instrun;�er;cn•lity, or entity
<br /> = (;nclexli�g Laqxter, if I.r,nder is such an i�►st;rtution)or in any Fodtrnl Home Loen B�ank.[,ender s�an1l''ihPP�y t�tt��`l���ds to pvy tha
<br /> c�^;y:y���,���,.�.�.n.� .xx rherge Rars�wer for ho�ding and applying the Funds.annua�C�r�,'nn!`;•ziqr��Tno%;:a:,ni�+�a.'aunt,i�r
<br />;:
<br /> vetifying tho�'i4TC1W ItCf115, unless L.ender p;�ys Borrower interest on the FunJs�nd appEi�b?F�'3t�w n'��i'rnils ixr�der to mate�uc[t
<br />� a�charge. However,Lender may require Br>rrower to pay a one-time chuge for sn'rrxie'pendret r�n1 estate tak�repohing servioe _
<br /> - uscii by L.ender in conr�ecstiun with this loan, unless epplicable law provides othecwiu. Unl�.ss an agroe►nent �s �►mde or
<br /> ' opplicable I,�w requires iMet�st ta be paid,Ltnder sfwl�no:be roquicod to pay Bormwtr my intcrest or earnings on the Fotkis.
<br /> Borrower and I:.Gndcr nuy agra in writing, however, that 'sntercsl shall be psid on the Funcls. Ldnder shall givc to Borrowet,
<br /> _ without chargc, �n�u►nwl att�ounting uC thc Funds, �how�ing cre�its and dcbits t�the Funds and the purpose for which eac�h
<br /> = debit to the Funds w�s m�de.'R�e Funds�arc plodged�additicx�a!socttriry f'or all sums secu�'od by this Securiry Instruntent.
<br />�� . � If the Funds held by L,a�der eaoeul the amoun►s ixnnittod to be held Uy applicable liw,I.cnder shell aocount to Borruwez
<br /> � fdr Ux exoas Funds ir��ccorduna with.the roquircments of applicable law.If the amount of the Funds held by I.end�er at�c►y
<br /> � time is nnt wfficiem to pay the Escrow items when due,I.e�xler may So notify Borrower in writinB,and, in such cx.se Borro�er
<br /> sFiall pay to I..er�der the unount neassary to meke u�the deficienc.y. Borrower shal�mdc� up.the deficiency in no mors th�n
<br /> � , twelve monthly poyments, at lander's soie discretion. .
<br /> ; . . ' Upon payrne�u in full of all sums secuctd by this Securiry Instrument, Laxier sluJl promptly refund to Borrower any
<br /> �Funcis 1►�Id by L.erder. If, under p�rag+xph 71,Lender shall uquiro or sel! the Property,L.ender. Prior to the xquisition or tale
<br /> � of the Prnj�exty, s1ul� app�Y mY Funds hcl�D by Lt�xter at the tin�e of acquisition or sale�s a crodit a8ainst tiu sums savred by
<br /> this Security fnstrument. '' . � • '
<br /> 3.Applkatiai ot Payments.Unless appliqble law pmvides othcrwise,all payments receivod by Lender under putig�Plwt
<br /> : J pnd 7 s►u11 be applial;first, to wny prepaymtnt charges due under the Note; sc�rxl, to amounts payable under paragcaph�,'�.,'r
<br /> - ' � ihird,to interest due;fourth,to principal due;and last,to any late charges due uttidtr the Note. �
<br /> ' 4.Chargea; I,{an.Borrower shail pay all taxes,asstssments. Gtuirges, fines end impositions attributable'to�hc Pmpa�tY
<br /> whSch may nttain pdority over this Sxtirity Tnstrument, and leaxhold payments or ground t'�ncs, if any. Boritiiwer sbaU}��y
<br /> � , thes�obiigutiUns in the ma�nner providcx�,i��pnragraph 2,or if not pstie�J in that mu►ner.Borrower shall pay chem oti time dire�Y,y
<br /> "i �' to che person uwod paym�uit.Borrower shall promptly'fumish to I.onder all notices of amounts to be peid undcr�his paragrap�•
<br /> � rF Borrower mAJces these p�yinents diroctly,Bornower sh�ll promptly fumish to L;encl�r roceipts cvicknpng U►e pAyrtKnts.
<br /> � Bo�rower shalt promptly dischnr$e'�ny lien which has prioriry over this S�curiry Instrument unless Eiomdwer:(a)+�gras,in
<br /> writing to the payment of the obllgatiti�u,curtd by the lien in a mutner acceptab�e to Lendtr,(b)rnntests in good faith d��xctn
<br /> 1 by. or defends ag�inst enforcement ii6.eCle licn in, legal proceedings which in the I.ender'� �+inion oper8te to prevei�C nLtie
<br /> �� . enforcetnent of tha liati;csr,(c) secures from the holdtr of the lien an agreemeoR!:�?t�sfactory to I,a�der sr�bof±��ing the lien to
<br /> ,� ' �this Securily Instrumzi�t.{�7'��-�ider determines thnt any part of the Property is�i��bct to a lien whick ia+�s��i!�siiri p�iority over
<br /> i this Su'•wi.ty Instrumtxlli�L'�der ma:�•�ive,Borrower a notice id,eritit°.ying the ii�.'Horrower shall satistp chr�+�i:rr�or take one or
<br /> morG afi cT,rr,ir�,ions set foRh'�bove�i.tTisr::!:0 days of the givin�c�f eir.+a�,M. •
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