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<br /> RE RECaRDED �8—� 1I)8�i� ���� -' • _
<br /> � •'I'0C3FSTHBR WI'TH nll the impravemente n�w or hereAtter orected on the property, end nll enaemonte,
<br /> • .�..f�h....«......�v 411 ���tp�•«mnntn end edditiann ahsll elro lw covePed
<br /> A�fjf1lfTCQ�ACCe�11116 iIXLUfC9 t10W UP f1E1'oS�w�.+yu�...� ..�.�•�..�•....i• ��-- N� ,
<br /> . by this 8euurity Inetrument.All at tho Ic�reQoinR te reterrcd tn in t1�iRSecurity Inetrumont ne tha I roparty.'
<br /> ' 130RROW�R COVBNANI'9 th�t Iiorrower ie IAwfully eseined ot the eAteta heraby cnnvoyed�nd hsfl the riRht ta
<br /> Qrant�nd convey the Property snd th�t tho�'roperty ie unenciimt�ered,except far eneumbrsnces ot recard. H�rrut�er
<br /> w�rnnte rnd will detend�onorally the titletw the E'rapercy���inet sll cl�ime�nd dem�ndA,eubject to�ny oncumbrencea
<br /> of record.
<br /> '1'Hlti S�CUlt17'Y IN5'l'kUMBN"I' �um�inera uniturm u,venants tur nationnl��.se and non-unitrrrm c�venHntA with
<br /> limited vari�tiane by�!uriedictton to canstituta�uniform xa:urity in�trumont covnrin�cral property,
<br /> UNI1�OItM COV�NAN'1'S.Harrawet end I.,endor cnvenant snd egron ae Inllaw9: a when due
<br /> 1,P�yment of Priacip�!and IntGre�t;Prep�ymont�nd Y.ate Ch�rtea. I3orrawrr ehall promptly p y
<br /> tlio principal of Mnd tnterest on the dobt evidenced by tho Nate and any prepeyment and late�harge.9 duo under the Note.
<br /> 2. Funds tor T�xea aad Insunace,Subject w applicable law or to e written weiver by I.�nder,IIarrowet shall
<br /> s to Lendor on the day monthly paymente are duo under tha Nato,until the Nota t�paid in full, a eum("Funds")for:
<br /> (a�yearly U►xes and essessmenta whtch m�y attain priority aver thie Security lnstrumont es e lien on the Property; (b�
<br /> yearly leaeohold paymente or Qround renu on the Property,if any;(c) yearly har,ard or propetty insurence premiums;
<br /> (d)yearly tlood tnautance premiuma,if any; (e)yearly m.ortgage ineurance premlums,if arty;attd(t) any suma payable
<br /> by Borrower to Lendcr.in accordanco with the proviseons of g�aragnpL�8,in liou of thc peyment af mortgage insurance
<br /> promiume,These items aro c�lled"Hscrow Items."Lender may.at ccup tiena,collect end hald Funds in an amount no�
<br /> to exeeed the mucimum amouat a lender for a federaUy related mongage loan may require for Borrower's escrox
<br /> account under the federal Real Estete Settlement Prceedures act of 1974 ea amended from tinie to time, 12 U.S,C.
<br /> Sxtion 26p1 et aeq. �"�PA"�.u���natAer law that applies to tfli�Funds sets e lc.sscr amount.If s�,L.sndPc re�ay.
<br /> •t say timo,collxt and hold Fuads in an�mount aot to eaceed the I�sser amount.Lender may estimate the amount o�
<br /> Funds duo an tho basis of curreat dat�and reasonable estimates of expenditures of futuro fiscrow ltems os otherwise in
<br /> accord�ace with applicable law.
<br /> The Fua�dG�ll b::hctd in ar�ia.."titution wh�4e de�x�.si�R are iasurod bp a foderal agenay,instrumentality,or entity
<br /> (iacluding Loader,ii Lender is saecfi na institution�or in aay Federal Home I.oan ga�k.Leader shell appiy the Nunds to
<br /> pay tha Tsscrow Itams.Landar may aot charge Borrower�c��holding and applyim�tihe Funds, aanwlly analyziag tho
<br /> �scrow account,or varlfying the Escrow Itema,unleas Lender paye BOre�wer interest oa the Funds and appliaable law
<br /> permits Lender to malce such a chu�o.However, Leader may reguis,. Borrower to psy s one'time chuge for an
<br /> indepon�dent real astate tax rep�rtin�service used by Leader in cannec��c�c�with tlus loan,unleas applic�bla l�w pmvide.a �
<br /> oth�rp�ise.Ualeae an agreement is m�de or applicabb law r,�r�uirea interest to be puid,I.ender shdl not be required to
<br /> pay I3ta4 r,�wer any interest or c�raines oa the Funds.Bnrrow�er aad I.ender may sgree ia writing.however.that iaurest
<br /> shall bv pa�d on the Punda.Iaader ehui�ivo w Burru�ci,�viihautchargc,su'•uuts�sz�4unt���f the Funde,showin�e
<br /> creditn btid dpblt�to the Funds and the purpase for which ach debit to the Fuada was made.The Funds are plodgod as �
<br /> additiat��i security?or all sums eocund by this Security Iostr�meat. : .
<br /> Id tha Puads�beld by Lettdez ezceed tho�asounte permittod to be held by applicable law,L.eader ahsll account to
<br /> Bon�i:+:et for the,exc�Funds in aa,�rduice with the tequirements ot npplicable law.U the unouat of the Funda held
<br /> by Lanc�x at any ti�►e is uot su#licieat to psy the Eecrow Iteme when due,Lendar miy so notify Aorrower in writing,
<br /> and.ia such c��e BottoNer shall�ey to Lender the amount nxess+ry�make up the deficiency'.Borro�er shrll meke
<br /> up the de?iclency id no more thaa twelve monthly psymeuts,at L.ender's sole diecretion.
<br /> �Iyc1p papment in full of all sums secured by this Security Instrure�eat,Lender shell promptly ntuad to Borcower ,
<br /> aap k�nds beld by Lender. If, under p�ragraph 21, Lender shall acquire or seA the Property.Lender, prior to the�
<br /> acquisitioa o�s�le of tho Ptopetty,she11�PPIy any Futi�la�eld bq Leadar at the t6�me of acquisition or eale as a crodit
<br /> a�ainst.the:�q4;lrfs�eaurod by thia Securitpinatntment.
<br /> ;, �p¢iic,at.tan�t Paymeats.Unl�A�rpliaabte law provides atherwise.r11 paymanta ro�oived by I.ender under ,.
<br /> puagraphb 1 amd�2 shall bo epplled:firet,to a��y prepeymeat chatg+�due undet'�►e Noto;�seor.:sd,to amounts psyable•:• ,
<br /> vadt�r'pet�Bnph 2;tfurd,to Ima�rc�st due;fourth,to prinCipa�duc;aad l�st,to eny la4e charg�s ih+e�suder the Note.
<br /> �. Chartes; I�Ians. &�r�o��v�.t shall paq ell tues.a�crssm�nta. chargee,fairs and i�npasi`biona ittributR�le tp th�I��; _, �'
<br /> Prcipertp which map attain privrity ova thia Security I�sc,-ufrient. ind Ieasehold paymeats or�tound rents,�f aay.; '.,
<br /> Bot'rdatr ehall prq theee oblfgatlons in the manaer provided i¢�pen'�8rsph 2,or ii aot pnid in t6tt matunpr, �lorroNef• �
<br /> shall pp them oa time diroctly to th�pe�son owed peymen�.�o�rower shall promptlq furniah to L.eader aUl:noticea ti#
<br /> amquttta ta be p�id under tlus p�ra�raph.Ii Borrower makes these paymenta directly.Bor�oMer ehsU prompt3y�urn�s8'.
<br /> ta I.ender receipta evidencing the p�yments.
<br /> '}3orrower shsll promptly 2lisch�r�e�nY liea whicb hns prioritq over this Secudty Instrument unless Borroaer:(a)
<br /> a�in writing to the p�qment of the obligatioa secured by iho liait in a maaner acceptable to Lender;(�r)caAtesta in
<br /> �ood faith tho li,en by,or deionds�esinsc�entorcemeat of tho lien in,l�al proceodin�s which in the Lendm''s opiniori;:
<br /> opetate to prevent the entoreament o!tEe li�n;or(c)secures from. the halder of the lien an agroement s�tietactory t�r
<br /> I,ender subordinattng the liet�to this Sccurity Instrument.If Lender'd�termiaea that aay pnrt of the Property is aubja�4., ,
<br /> w a lien which may stuin pr+nrity over this Security Instrumeat,LeAdat may�ive Botrower a aotice ideutifping the •� .
<br /> lien.Borrower shall satisfy the liea or uke one or morE a4'tbe�ctions Bet totth abovo within 10 deys of thc�ivin�of .
<br /> notice. , . .
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