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<br /> TOG6THER WITH afl che impruvenx.�sn now or hereafter eroctal on the pmpenp,uxf dl exsernenu, y�puhenuscrcs,uxi
<br /> fi7(tUIC3 ri45Y or h�7[1�SCf A �►31'! Af 111t nroperty. All rcol�rrrents and s�iditio�is sh�ll alco be covered by rhis Secunty , _
<br /> lnstn►ma�t.A11 of tbe farc�oin�is refernd to in this Securiiy lnstrument ss ths"Pmperty." ,
<br /> BORROWER COVBNAN7S that B�rmwer is I�wfully seised nf tho est�te heraby conveyai uxf riu the right to grant u�d
<br /> eonvey the Property�.�d tbn�the Progerty is ucxncumberod, except for encumrr�ncos of record. Bonower w•arru7ts ux1 wi)I
<br /> dtfend genetally the title ta the Propsrty agsinst all claims�nd demuKls,aubjoct to u►v encumbru�ces of ncord.
<br /> THIS SECUR['TY INSTRUM6NT combines uniforrn cavenants for nation�l use�nd non•uniform covenxnu with limitod
<br /> vuinteons by jurisdiction to a>nuitute a«niform socuriry[ns[rumeat oov�ering rcal pro��xrty.
<br /> UNIFORM Ci3VENANTS.Borrowor aind I.�nc{er covenint and a$ree u follows:
<br /> i, p�y�npk ot pdpdpal �1 Iater+e�t; Pre{��t►ent �ad L�te CtuirRes. Horrower shall pmmptly pay whtn due tLe
<br /> princip�l of u�d interest on tlu debt evidcnced by the Nate uxf u�y prepayma►t aad latc chuges due under the Note.
<br /> 2,F1w�fa•Taxcs aad Inturanc�. Subjat to applicable law�or to a written waiver by l.ender,Boaower stu11 p�y to
<br /> l.a�der on tl�e day monthly p�yments are due under the Nota,until the Note is p�id in full,a sum('Funds")for:(a)yearly tu�es
<br /> and assessmentc which may atta�n pnonty uver[ais�ecuriry insirumen�as a iien qn cue rropeny; �uj yciuiy ici�iciiviu pxytucuia
<br /> or ground nnts on the Pro�ny,if any;(c)yeuly haxard ar prat+crty insuranct prct�i�ms;(d)yeazly flcx�d insurxnce premiu�ts.
<br /> if�ny:(e) Yearly mong�e insurana premiuma. if any; u�d (�any sums payable by Borrower to l.axler, in nccordu�ce with
<br /> ; the provisions of pu�gr�ph 8, in lieu of iha p�Yment uf mortgtge insurancc prtmiums. T6eu itcus ve called"P.sc�w Itans.'
<br /> _ I.ender may, at�ny time. collect and hold Fu�cSs in ui aroount not to ezcad the mu.imwm unount a lender for �fedet�lly
<br /> � � i'E�uc�1iii���wf�C {0�1+1 aiay 7cCuii� iG: �US'i'4��1'f�S �CLO�: "^ '.�Tit l'..CIiZCf 4�G fM_r»1 A�Fer�tC C!S!1^Al^�! ��'!'�`1ftS !�!!'� QE _
<br /> ' 1974�s ssz�erdod from ticae to time, 12 U.S.C. Sectioa 2bOl�s�ssr}. ("R'&SPA"},��nless�npthc}�1�w ttut applits to tbe Au��ds
<br />� 'sets a'les:er uaount. IF so..I,er�der may, st my tin�e, colla:c uM l�old Puads in an acnotmt not to exceed the laser amo�mt.
<br />� 1,eader may esti�ate t}ae a�.m�unt of Fudda due an tt�e bacis of currrnt dua uid re.t►soruble estimues of expenditum of fiiwre
<br /> . :�.tcrow Item�or otMrwise 3u atooedu�ce wit��pplisahle law. .
<br /> • '11�e Fuuds s6all be teeld in an insticution whoae deposi�s sue insured by a feden�l,�y;ency, insuumxnW9ry, or eatity
<br /> - (iacludiag l.enda�. if l.ender is such a�e institutiaa)or in�ny Feder�l Homc Lo�n Bank. I�nder sliaJl apply[he Funds ta p�y the
<br /> ���Tsi%ivw iicwi. I.cas ic� �ij Tia:�i:�G ,°.�":Z:3�:.i'�;~-'9:d:SSg`s:d�lFl�!!:�ih•�!•!!�e� �±+qn�llv�*�t�niroe tMee ltcmw amnunl; er
<br />,�t ' ' .u�;rityios tbe F.scrow 1[eau.unlas l.a�der payt Borrotiver interat oa the Funds and applic�bk I�vv permits l.cnder to maice wch
<br /> •:. 'q tbar=e. However.l.ender raay.roquin Borrower to pay a one-time chuge for an independa�t rcal atate tux reporcin� aervioe
<br /> tued by I,aider in �iod with tbis lan. unless �ppl�c�ble law provides otl�etwise. Unitss � �t ix made�rr
<br /> apptic�bl�l�a+reyuira iaterat to be pnid; T.,aider shsll noe be requiced to pry Borrawer any �n�erext or earnia�s oa ttre Pimm�s.
<br /> Borm�a an�.lt.ender may a6ree ia writing,�owever.that iptaest sha11 be pa3ct on tbe�und�,Lender shall Eive to Boxf�o�vet•.
<br /> witbout chu�e. �n�oawl accountiag of the Fuads. showing ecedits and deb8s to the Fuada md the purpo�s for whieb�each
<br /> , debit to ttie Fw�ds w�s msde,The Funds ue pledaed u additien�l�ecuriry for�ll su.ms sxwed by thir Sa�urity lnstnimeat.
<br /> _ If tbe Fuads held by Leader exceo�the�mounts perenitted to be held hy�rplic�ble law. �.ender sb�)1 socount to Borrower
<br /> ;A for t6e e�coas guafs in�ccordance wnth the roquiremen�s af applicable liw. lf che sn�ount of the Fimds held by I�der x any
<br /> ' droe is not wfficieat to pay tbe Escrow Iterr�s w2�a,due. L.enda may so uotify Borrower in w�eitin�,atd,in wcb c�se Borrow�er
<br /> . s6�U p�y to I.a�der the�mount t�oassuy to malce up tho deficiax.y. Eocruwer s6a11 m�lce tip,e�te defieienCy in no mort thaa
<br /> � cwdwe moahly payments��►t l.etxkr's sole disceetion.
<br /> ' '•; Upoa payment ia fu11 of�il ;ums.aecural by tbis 5ecurity Inswment, I.ender sh�ll pro�tly.rofilt�l:'�0 8orrowa mY .
<br />' Fund�6dd by I.a�ddr. It,w�det pu�g�ph.:�l',I.ender shall aoquin or sell tl�e Property,l.axl�r.�iior to t�it roquisition or asle
<br />;,' of tb�e Propaty:sball spply�¢►y F�dx helft by La�dCt at the time oF acquisition or aale as a ate�it a=�insc t6e wws sea�rcd:by
<br />` ; this Sacurity Inucun�at..:�: ;• , . , ,,�•� ,, '
<br />�� 3.Applia�tba of Ppi�+ane�ts.Unlas appl�cable lav��provides otheiwlx.�ll peymana receivcd by I.enc�ei Uoder p�r�nph� �
<br />�: ! 1 �nd 2�all be applied:firu. to an)' ArcWYme�►t durges dua under the Note�seoond,ta uno�u�ts payable�unuet Wr�traph 2;
<br />� 1 t4icd,to interat due;founh,to principal due;and last,ca my lue ch�rEa due un�er the Nae: `
<br />" � �1.Ch�rs�s; Iaeos.Bomowtr sh311 pay�ll wces, asseasaicnu.�at=a. fines and imJwsltiox�s attributable to t!x Propaty
<br /> •whicb may�ttin prioriry over this Secu�ty Instrunnent, uid leasd�old p�yma�ts or ground reats:if�ny. Borrower stWl paY
<br /> ; � tLae obliptiooc ia tt�e maaner provided in pu�t+gh 2,.or if aoc p�id in th�t muvxr.Borrower sh�ll p�y tbem on tims diraxly
<br /> to e6�peraon vMed p�ymeac.Borrower shall promptly furnish to Lender�l1 naicxs of amounu�o be paid unda tbis par�rq�.
<br /> t If Aamwer m�kkas t}KSe payments diroqly, �3orrower sha11 prompUy furnish to Lender reaipts e.v,ida�cing the paymans.
<br /> � Ho�rower shall prompdy disdiuge any llrn which hu priority over this 5ecuriry laariunent iudas Horrowa:(a)agaa ia
<br /> F writioa to tLe p�yment of the obligation�sccurod by thc lirn in a muuur�oapUble to I.ender; (b)coutests in good fiith tLe iiea
<br /> i by. or defends against enforcemrnt of the lia� in; legal proceedings which in the I.eader's opinion operue to pnvp►t tl�e
<br /> '- eaforcemrnt of the lien;or(c)socurcs from tbe t�older of the lim aa sgrewoent xNr�sfoctory co Lxader:ubardinuing che lien to `,�';,�
<br /> ' this Securi�y� Iastrurnent. If I.eader deterniit�es thu any pan of the Pr�eny ls subject to a lirn which may anairt prioriry aver ��;:,.
<br /> � this Sau�iiy Ins�nuncn[�I.rader may�ivc Borrower a notia identifyiag tbe lirn.Aotrowtr slii�ll s�titfy the lien or t�c�ae or
<br /> more oP ell�•w.tions s�c tr,nh.�tHay�c witttin 10 days of the giving of naioe. . � •
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