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<br /> ' ' ' now or hereafter erected o�the property,and a!t rsse:nent�.sppurtenancc�.and ;Y-,�,�^'
<br /> TOGETHER W1TH ail the imgmvemenu . ��
<br /> .-� Cstures no�r or hereaflct a part of the property. All reptacements and sdditiuns �hall :►►,u be a��:nti1 by this Securii� '.r`�.
<br /> ` - , �.`�:: Inswmcat.Aii of the faregoing is refemzd to in this Seca�rity[natrument�the"Pmpea}•"
<br /> ' ,'•<< �,;
<br /> � 3`�` �.=,%= � l30RRORIER COVINAKfS that Borro�er is lawfully�ised af the c+tate hereby rom•eyed and t�s the right ca grsnt and
<br /> , ° .� oonvey the Properry and that the Property is unc�rcum6end. except for crtcumhasnces of rernni. Barrotr•er warrants an�i Kill .
<br /> ' • ". defend generall�r the titte to the Property against aIl claims and demand..�uh}ect to an}encumbrsnces��f record. :,�. �.
<br /> � TMS SECltR1TY INSTEtUMENT wmbin�unifotm ccncnaT►ic t'ar na[ional use and nomunifiirm m►eman�s�ci►h timited {„�_., �
<br /> . � is:'.
<br /> � '�°. ':`•: vareatinns by jurisdiction to eonstitate a uniform security irt��rumcnt wvering real prn�ert3• '^ ' "
<br /> +=��.`.;.
<br /> � iSrilFURM CO�EI�tANTS.Bortouer:u�d Lender corerraitt:uid�brer as fnUa�vs: G; �,:,.;-'
<br /> _ . .;. :`:� !. Payment o f P�F n c ipal a n d I a f e r c S t: P r e P a y m e n t a m f t a t t e C N a r g e s. B u r r o��•er shali prum pti y pay when due th� �; ' �
<br /> �;�-�'{.: p r i n c i p a l of and interest on the debt evidenced by the l�tote and any pn�}ment and latc charges due undrr the Note.
<br /> 2.�nnds fns Tax�and Insurance.Subjtxt ta appii c a b f e iaH or to�u r i t t e a a�v e r b y l.e n�f e r. B n r ro u•e r s h a l l p a y t� ' .
<br /> �� `"��`� Lender on the day monthty payment,5 at�s due ander the Nnte.untii the S��te is paid in ful�.a sum l'Fun�s'1 fur:(al yearip taxes , ;;..
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<br />_:I,,. .�.�,:'-.• : :� and ass�ssme�►tc nhicb may attain.pri4dtp over this S��urity[n�uument as a lien cm the Propeny�lbl y�t�leasehutd payments
<br /> ss
<br /> ' "•: or.ground rents on the Pm�cy.if un}:tc1 yearty hazard ar pmperty insutssnce ptemiums:[d)ycarty fl�wd insurance pt�emiums,
<br />, .��,:��� if any;tel9�lp martgage insurance premiums.if a��,and(A u�i}sums payabie b}s Barra�►er tcs txnde�.in aecotda�tce with. ;_ '�
<br /> ' • , t h e p ro v i s i u n s o f p a r a g r a pi�8.in tieu of the p a}ment of mnrtgage insutan�e prcmiwns.7'hese items are calted"Esc�u`Items_° � ,(:
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<br />��'•``� •�' �der map,at any time,rntlect aad frold Funds in an amount nat to e x c�e e d t i►e maximum ama u n i a l e n d e r f o r a f e d e t a l l y
<br /> ,� �,,;-;i�'�t'�';:;'; � '�' �`rElatesi r���e toan ma,y��fnr 8arrot�er s es..�-row acrnurit undcr the[ederui Reai Estate Seitlement Procaedures Act of .
<br /> • � � .;_ lies to the Funds
<br /> �. �`�ri� `� � 1974.���m:��to ame� 12 U.S.C.Section Z601 et seq.l"�p�►'1.unless tuwther�a��that app
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<br /> �;=,: ♦."`����y:., sets a ie�c'���t;-�:��o.,Lender t�y.at a�� time. ootlect and bold Fu�ds in an amaunt nat to exceed the lesser amount.
<br /> _ , . r , . �:<..,,.
<br /> ?' Lender.m�q`esnm.t�:��mount of Funds:efite on the b�is af cument data and reasonaele estimat�s of e�penditums of futusc
<br />.,�r. .` . ' ';.�.� ���Y�or otlteitvise in accordance wilb;upplicat+le law. instrumensality. ar entity `:; ..�
<br /> - .':��;._•�:.-; 7'f:e Funds shall be.held in an instimtion whase depasits are insured by a federal agency. ,�,;�,`-
<br /> � � , ' - (iacluding Lender,if Lendep is such an instituttnn?ar in any Federa!}tume I.oari Bank-1.e�der sha!!apply tfle Funds to pay the �. .,:.
<br /> ; � `-�;':'�;" `.,�. Fscrow Items.Lender may not charge BorMwerl'anttdding aad apptXing the Fuads.annuaUy an�lyrin8 the escrnw aucount,or �_ 4;;
<br /> r �'s ; 'verifying the Escraw Items.unless 1.ender pays$prrower interest on the Funds and applirable taw per+trits lxnder to make sach y .
<br /> ` - . -.;� ��:�.�?�� a charg�However,.�der may reqaire Bonrnver to pay a onatime charge for an independent real esrate,tas reportinS service `:;:,: _
<br /> - �%'� .�`:; `'` used�i'y°rd�c�der i�;cc�ection with this loan. unless applicabte taw provides otherwise. Unless.an ugceement is made ar :�,. +� :
<br /> , •L,�`s .` �` -
<br /> , ��� ` �' . . �pp}��iy�. `��," re�c�c zFtercct to 6e,paid,Lxnder shall not be required to pay Bomuwer any interest or eamings on the Funds.
<br /> t 1- � ;, • ` -
<br />_-,•• '.5�1�,.,. , ;, Eorrow�:��r,lw*��•agree�t wridng*fiowever.that interest shatt 6e Qaid on the Funds. l.ender shall give to Eonower. . . .:.^
<br /> " �,:�?�...<.. ;.�:. without ch�:.`i�`��ounting of the��uuds. shnwing credits and debits co the Fnnds and the purFose for which each .
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<br /> � '-�-.`.�.•.;,y• debit tq,?�e�unds:�a:��ade.The Funds arepledged as addidonal securiry for all snms secure�by this Securiry Instmmeat- k
<br /> .,.•r�. �`,':'..c ; �'�e'ha,�w�ds,heid by_Lender exceed the amonnts pem►itted co i�e hetd by applica6le ta�v.Lender shall account to�orrower , :
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<br /> ""':` `� �`��� fer 4'�;�Y�.Funds in ascordance with the sequirements of applirable law.if the amouc�t of the Funds held by Lender at any
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<br /> • =. •� �,.<=� tima;�stir]ii�iSUfficien} pay the Escrow Items wften dus.I.ender may so notify Borrower in writing,and,in such case Borrower ;«'
<br /> i�
<br /> '• .�amount necessary �o m�oP the deficiency. Bornower shall make up the defr�iency in no m�ore than ft�
<br />' :� , to I.e�' - . . 'r`
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<br /> � �r ` ,}j t ' ��r.�;.ye sita�ti�3F.'�s�,�.� at Lender's sate div�i�is,�l. ` �:: .
<br /> iF� •ta� '• ' . f.' a .tA'�fvll of�Il;suass si�vt±��fi�c thls Security Instrument. Lender shail pnomptly rz�,�nd to Borrower any ;i� ,�'+;
<br /> r � E�r ,'''�'�!•P Y�i� shall acquire or seli the Propecty. P jt -
<br /> �.£ i ; � � r.•: . � ,. •. ,;�: I.ender, TlOi t0 tAC SC(ill�SittO]]0!S�0 i•�
<br /> f�;�1, ,�� ,€n � , ; . Funil�'��,'ii b3+I.en,d�t:�f..undcr��c�$�•�1?r.�;�der ' ,
<br /> • . �� �,•,` f ;:;, of the Pmperty.st�i?a�lg any Fr.i�'s�etd fr��nder at the rime of ncquisitian or sale as a credit against the sumc secured by
<br /> ` < this Secutity Insti"S�e!tF�-- ..
<br /> � � `.;
<br /> .. , �:=',c `��. � 3.Applicatton��l��ayments.Unless apri?ta�iie law provides otherwise.all paymenta receive�by l.ender under pazagsapf�s • —
<br /> ` ,' c es due under the Note;second,to amuunts payable unQer paragraph 2: �:: � ,
<br /> � i and 2 shall be appliaf:first.to any prepayrpe�t liarg ;; :
<br /> ' t G i m���fi r�.a a t e r e s t d ue:fourth.W princi p a t du�.;�1 tast,to any late chnrges due undet tha Note. >;
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<br /> ,_..,�. ;';i�:�+arges.Uen4.BoTrower shall�ray;�;sa�ces.assessments.charges. f ines an d impasi rions a m i b u t a b 1 e t o t h e P r o p e t t y ..(,: ��- :
<br /> ;�., : . >:=:. ;� , :. ��ni�,�;�y �;n,�r,i�rity aver this S�ry..it1-��ent. and leasehold payments or grauad rents. if any.Borrower shall pay ,.� ___
<br /> �n .
<br /> � ' ' ' � �s�V�yagat�onsi;s����auner provided itr,��2.or if not paid in that n�anner.Borrower shall Qay them on time direaty �
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<br /> , tot� atson ow�;',��ment.Borrower shatl•.�s?:�ly fumish co I.ender all notices of amounts to be paid under this paragt�b• ,�; � �
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<br /> ;�;� } � ,If��,��e�t malces tl:ese payments direclly.Bostvwer shall promptly fumish to Lender receipts evtdencing the payments. .
<br /> : +�.r r ` - • �:• .�,�trower sha'l.pmmpdy discharge any lien which has prioriry aver this 5ecurity insuument unless Borrower.(a�agrees in ;{
<br /> - ```��"��'_�"`'`�`` �``�:t wri;ing to tne p�ayUi�;,t of thc obligution�re!by the licn in e manner acceptable to Lender.(b)wntests in gaod t'aitti the lien ' .
<br /> �, l� ft P � p '' -
<br /> :° +' , by�vr defends a�W^nst enforcement of the ti.Et�.in. legai proceedings which in the Lender's o inion rate to revent the �,
<br /> ` � ������' �ii�r��nent of the lien:ot ic)secures from.tiae.h�Ider of the lien an agreement satisfactory to Lender subordinating the lien to . �
<br /> '' � �:�<,!..,r•: .,�. ���;;�iscurity lnswment. If Lender determines:�L'!r.�t any puzt of the Property is subject to a lien whIch may attnin p�iority ovu :},
<br /> : � ;`..i: thi's;,5�.c`ac�►tY Instrument.Lender may give Boriower a natice identifying the lien.Boaower shall satisfy the[ien;�.s!G�e one or
<br /> � more a�f the actions set forth above within 10 d:���s of the giving of notice. � �;. �: '
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