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<br /> ��_��`��<,•.� � TOOE�THER WITH all the improvements nasv ar hereafter erected.an the pm�Ctyr.and���a�pp�urte�mnces.and � .
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<br /> '���� fixtu�s aa�v or �tereafter a part of tha�mpezty: A U rep l a ce a m e n t s a u d a d d i u o n s s h a l l a l s o b e o o v e r e d 6 y t l�s $e c�r i ty ��_
<br /> �� �� �`�`° � Snmument.AII of the foregaing is ceferc�ta in this SeQUity IIISnumeat as the"Praperty." ��::.
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<br /> -- - BORRO�Elt WVfiNAI�['ft'S thsrt Sort�atea is tawfu}ty seise�of t3�e�e hereby oonveyed end has the right to.gattt attd ��-_:
<br /> � oanvey th�Pmper4Y and tl�at thc Pcoperty is unencum6ered,except for encvmbranoe.c of rerord. Borrower wa�raats and will �. .
<br /> . :.,°.,�. defead geseeca3ly the titte to the Pmpersy against sli ctaims aad demands.su6ject to any eacumhrauoes af eecord. _
<br /> _ 'fHIS SECtJRF!'Y FNS'fRRUMENT�oomhines nniform wvenannts far�tFomal ase and non-uniform wvenants with limited �F '
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<br /> '�.:E variatioas by jwisdisx�oa m onnstenite a uniform se�wity�nstrument oaveriag zeal praperty.
<br /> u UN�ORM COVENANCS.Homower and Lender oovenant and ag�ee as fol2ows: . �:��
<br /> . . - l.1p'aYm�t oY Pr3ndpat an8�ntcres��epaymeat and Late CLat�es. Borrower shall D���Y Pay wb.ea.due t1tc. �'`�_=
<br /> - :`�� `����.,� prtucipal of aad Imet+est on the debi evidenoed by t�e Note and ausr prept�qmeat aad fate ctrarges due uader the Nou. , ,�,-_
<br /> ' �.blinds dor Ttutes aad Iasm�aee.Snbj�t to applicabte iaa or to a writren waiver by I.atder.Boraa�ver s�b`FAY:'�� . �?=-
<br /> `• ''�a`� i : lea�et om tlte dap montfllY P�ymeuts are dus under ehe Note.v¢til ttte Note is paid in fpQ.a smu("�uads°)fbrs is)Yeaz1y ta�esa ' ..�.--
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<br /> . �� .: : � and assessments tvhich msy attaia gciority over this Seauity Iasaumeat�as a lien on.[h�Ptopeccy;�{6)�yea�'1�?l�a�paymems:�'��,:��� �:_-
<br /> � •'' or�nound rends on t�e Pioperty.if any;(C)Yeaz3Y h2��+d ufG p#operty insLranae pl�itims;td)�ear�Y Qacjd insuranoe premiunas, �-- -
<br /> �Y:'���'• ' if aey;(e)Y�art3►mnrtg$ge insurence premiums,if anY+and"(�j aaY�PaY�by Tiosmwec�ta Lender,.in aooardaace wit6 �; :•
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<br /> ._` �the pravi�ons of paragraptt 8.in lieu of dte p�yment of martgage insivaace premiums.�These it�s,are railed'Fsarow Items.°: .. �,.-
<br /> � -. . ' �` I.eudcr may,at aay time.ooltea aad hold Fuads in an amount aat to excead the ma�d�am am�t a teader for a federaIIy �.. . , ,r��.�_
<br /> °`«'. :. . nelated mortgage loag may rer�for Bntmw�fs escraw accouut wider die federat:-���state 5e�itement Prace�ies Act af'� � , ��-
<br /> ` ' 1974 as amended from tiace to time,12 U.S.C.Seciion Z6D1 et seq.{"R�4PA"),ut�:"z�ttother law that appli�:t��1he Ftmds�• �_-
<br /> sets a lesser amoum. If so, Lender may,at any dme.caltect and hold Funds in an�ironnt not m exoeed the te�ir amount. �, �_=`°
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<br /> _;� `.;:- iRUder may esdmate t�e amount of Funds due o�the basis of curr�m i�u mnd masor�able cstimates of expeaditores of futur�. .�-°� E_: :
<br /> : 9�ti�, Essrow Items or otherwise in aocbrdaace witS appiipble law. `• . • , �:-_
<br /> , The Funds shatl be held in an ins6tution wtiose deposits are insored by a f,edergl agency;instn�mentality, or entity �;-
<br /> � '•• f, ��,'r (inct�ing L�ader.if I.ender is sacb an institution)or in aay Federal Home Loan Ba�:��der stiaq apply the Fumds,to pay the �:;.
<br /> `-'� `"� °` Escxnw Ineaa.ireader may not eharge Barrocver far h o l d i ag a n d app tyin$t hc Fu n d s.��c'�Y-��t h e e s c r b w a Q c o u n�o r �_.:
<br /> . � ° �erifYing tl�e fstrow Itan�.untess I.euder p�.}s Bomnwer interest on the Fands and �., ; .��s i�}�iaits t.euder to ma[te such•
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<br /> � �� � a charge. Hmarever.Leader may requi�Hoi:ower ta pay a one-time c6atge for aa irri��iI��:�sate tax rep�rting sezvEce;�;s ��i;_-
<br /> . � �,� used by Lender in wnnedion arith this toan, ualess applicabte law pnovides ot�i�e. Unt�;�i'.ag�eeme�t is made or ��` . -
<br /> � ;: a�pticabte law tt�qa�res intetest w be paid,Leader shall not be required to pay Borat}�`aaY interes4'vr eamings�`a the F�tds � , � - _
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<br /> -�`'• .��'t' :i� T3aara�rer a�d L�der may agree in writing.however.that iaterest s6a11 be paid on t�e Fuads. Leadei shall givv_fs��Bormwer, • ___
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<br /> �°, ':k:.?. vvi�cct cHar�eb�am�ual acoonnung of the Funds, showing ecedits ams�+�6its to tl�e.F�ds an�i�n:�purpose for�whie[�eacE};:::.. __
<br /> i._`.,(�,c, 'deit�3 to the Ftt�ds a+as made.The Funds aie ptedged as additlonal securiL�.£or aU sums secu�d by this Security Insuamea�,' �'� : "` •.
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<br /> � ''- - `��=�:;If the Funds he2d by Lesider�tceed ttie nmounts permitted to be heYd try spplicable law.Lender shall account co Borrower ;� -_
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<br /> _ .. _j f�t��'e escess Funds ia accordaace with the requinements of applicabfe law.If the amount of the Funds•hetd by l:ender at any .� _-
<br /> `�"'<`,. �' -S ti�ie is not suffccient to pay the Fscrow Items when due.I.ender may so noufy Borrower 9n writing,and.in sach case$6rmwer • E::.
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<br /> , . • , .�"� shall pay to Lender the amoaat necessary to make up the deficiency. Bomower�shtill make up the deficiency in�o more tl�an .4-_-�
<br /> � tcvelve monthiy paymenu.at Lender's soie discre�on. � �"`"
<br /> .,.. . ,-�;f lJpoa paycae�in fu11 oP all sums secured by this Security Instmmen� I.ender shall pmmpdy iefand to Bairower any �
<br /> . • . - . .-# � Fuads hetd by l.ereder.If.uader paragraph 21,Lender si�ail acquire or sell the Pmperty,Lender,prior ta the ac�uisitIon or sale _ , -_
<br /> of the Property.stiall appiy ar►Y Funds hetd t3y Lender at the time of acquisitfion or saIo as a credit agau�st tRe snms secured by
<br /> . '.'� ` � this Securiiy inss�ument. ' �. � -.
<br /> ...... .•. : . .. . .. .
<br /> ��`�;� ' %j$��' �r 3.Appl�toa of Aayater�Ys.Unless aggtisab!e law provides qtf��:�e,a!1 payments received 6y I�nder uader pazagrapLs� �-
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<br /> • .�'.�,1 :,; , . . 1.�ad 2 shail�e applied:first.to anY prepaymeat char�es due under�L�tate:seeond.W amounts payaWe ander p�agraph 2: . - -
<br /> ��"'�*;:� fiti;�s3,w intemst due:fourtb,to prina�al alue:and fast.to apy late ci,arbes due under the Noie. . �
<br /> � � a.C6argea;t.te�.Borrower shall pay al!taaes.�assessmems.'chat8es,fines.�i3.impositions ann'buta8le to the Prnperty .
<br /> ' � which may atlain priority over this Saa�rity Instrument. and teasehold payments atr�rround rents.if mry. Borrorver shal!pay :..
<br /> "ti E.:�,�� 'these obligations in the maaner provided in ParagraPb 2.or if aot paid in that mannes.Bormwe=sA�ll pay tl�em on time dimctty �.�:.
<br /> � ^�,� t to the person owed pa}+ment.Borrower shaij�{�mmptly famish to Lender sll notices of amawus to b�paid un4er this paiagaph. • �,-
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<br /> ,. s If Borrower makes these payments directlg„��?�tcs•rx.stm!'k.prompUy fumisb to Lender reoeipts evIdencing the paymems. �:_
<br /> - � . `,T Borrawer shall Pmri�ptiY discharge aa}F lii�i ivltidt lc�s'priosity over this 5ecurity Instruinent��mle�s Barrower:fa)a�tees in
<br /> � ' vmting ta the payment of the obligation's�wx+:d by the lien in a manner acceptable to Lender.(b)oontest�in good faith the lien
<br /> " � �� � �'� � by..or defends against�nforcemeat of tl��:en in. legal.procecdings which in the Lender's opinIon operate to prevent the
<br /> ' enforcement of the tien:ar(c)seciues froin the hoider of the lien an agreement satjsfactory to Lender subarditmting the liea to r�-•
<br /> �:-
<br /> �{ tJiis Security Instrument. If l.esder detertnines that au�y��att of the Praperty is subjert Ro a lien which may attain priority over , �_
<br /> : '. _ � .s � "Iltf�Sec�►riry Lnstnunent,Lender may give Borrower a natic,e identifying the lien.BRCrewer shall satisfy the lien oc take one or _ _
<br /> _ � �.mrrce of the artiong set farth atmve within 10 days of the gt�ying of notice. . �:=__
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