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<br /> � - ``°.:;;"; TOGEI'HER WP!'H all the improvements now or hereafter erected on the properry.and all ease�"aPPu���� - � - ---
<br /> " fixtures now or hereafter a parc of the property. All replacements aad fldditians shall also be covered iry this Securiry . '
<br /> ��`��.-_ .`'`'� Instnun�t.?11t of tlee fongoing is cefer[ed to ia tbis Se�auiry instn►meat as the'FroP�Y•� ,
<br /> � " $ORROVlIER COVENA.'�'FS tLat Borrower is latvfully seised of the estate keceby oonveyed aad has thc right eo grant and �..
<br /> . convey the Pmperty and that the Pmperty is uaencumbered,exrept far encumbranoes of record. Borrower wazrants and w�1 . .
<br /> � � :; � defead geaEZally the ritle ta the Pa�operty agaiast all elaims attd demands.subject co any eucumbrances of record. ,. . : .
<br /> - 'PH1S SE�Gt3Rtt'Y 1NSFRUMBNT combines unifQrm.coveaaats[or national use and non-uniform covenants with limited �< �
<br /> � variations bp jurisdictioa to consaituce a imifo:m securiry iastrument covereng real property. .. - 4 -
<br /> ' � UNIfURM C�UVENANTS. Barmwer and Lender covenaat and agree as follows: •� ,
<br /> . � . ."`;F• . 1. Pggrment of Priadpal and�a2eres�prepayrneat and Late Charges. Borcower shall prompdy pay when due the -. - --
<br /> � ".� Fiin�ga�of�iaterest ate the debt evideaced by th€Notc artd a»Y P�Pay'ment and late chargrs dne uader the Note. — -V
<br /> - {'.' � 2.Funds for Talces and L�.,�vrattce.Subject to applicable law ar to a written waiver b} Lender.Borrower sha11 pay to :� .
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<br /> .. � . y.: , Leader on the dag monthiy payments are duc�ader the Note.until the Note is paid ia f u l l,a sum("F u n�d s")for:(a)y e a r iy t a xes . : `
<br /> • and asses�tents whicit may attaia priority aver this S°„curiry Iasttumeat a�a lien on the Pcopetty:(b)Kearly leasebotd payments .. .
<br /> • ::� `!�:'-a".� or�ound mats on the Properey.if auy:(c?Y�u�a�d or gnapeny insu;ance greminms:(d?Y�Y flaod inswance premiums. .:_.. ' _
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<br /> . r ; if any(e}yearly mongage insurance premiums. if aa�,aud tt}aaY suuis payable b}Barcower to Lender.in aocordaace witb
<br /> the pmvisians of paragcaph 8,ia lieu of[he paymeet af r.�oregege insurarsce premiums.These icems aze called'F�now Items.' 4:
<br /> .� Leader may.at an;j.time, oollect and hold Fi�ds�an amo}�t not w�xceed the maximnm amo�mt a lender for a federally < <�_';t °` ;
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<br /> �:: relazed mortgage kan may require far Barraw�►'s e�cow acoount uader the fedem3 Real F.state SettIc�aent Ymoodures Act of _,
<br /> , � _��i 1974 as amended from time to rime,12 U.5,.0�tian 2Cftl er seq. ('RFSPA").ualess another Iaw ihat applies to the Funds .. '�� s� t .
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<br /> `' �.t`��' ���� . seu a lesser unount. If so.Ieeder may. at�c rime,coIFect and hoId�unds in au as�otmt jmt to exc�d the lesser amount. , , _
<br /> .;�,r;t. °;�:t, Lender may estimate the amount of Fnads ciue aa the basis of aureat data and reasan3hts estimates of eapeuditares of funue �.t�,�.�,.,,
<br /> ,. . ;:<<;. Fsccaw Items or athernise ia accordanre wins agg3icable law. ;'Xf��7��:}
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<br /> ' r�': The Fnnds shall 6e held in aa i�.:whose deposiu aze insund by a feaetat ag�:snsuumenralitY. or entity -
<br /> _"� (including Lender,if Ixader is such aa insmr��mt�or ia any Federal Hame Loan Bank.L�er.�irz�:a�Iy the Funds to pay the � -_
<br /> _ :`.f�'•f�. ,.-.-��-.j;� E�m Items.Leader may aot cbarge Sorrou;er:�'or�otdiag e�d aPPIying the Funds,aa�II�.��1:F-�the escraw accouae.or .� -�•`'� �
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<br /> .'"�•. ...:;�..., �•�g tke Fscmw Items.imless Lender pays Surroaer imxe�est on the F�mds and ag�3i�ca:�:e tav�ge,�'ts Lender to make sucb ,�r;: 2�.
<br /> � �:>';i.., . a et�e.Iic�evec.Leader may require Ho�srer tn pay 2 ane-time c�e far an�3e�r!�r':¢�se tax reporting�rvice . � c�%�
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<br /> ` r �.} �� u5ed by Ixadar:ui°connection with this 1¢an, miless applicxble 1a�r.��ti�ictes ot&erivi.v:. iI��agreeinent is made ac
<br /> `� ,` .. ;+:�� � � aPP�cable law ie�rires inteiest co be paid.ie�et stiall aot#�e required xa�ay Borzvu-�t a�int��eaminSs on the Futtd�. :,.� , ��,.-_
<br /> •:° �; '"`i • Borrower aad Lender may agcee in writing.�owever.t hat inte r e s t s h a ll b C P a i d o n d�e 1 F L n d s. I s�'S h a ll g i v e t o B o n o c v e r, • ,,��_a:--
<br /> �f�`;, 4',`:;;� wltl�out cbarge. aa annual accountutg of the�uads.showiag c�edits and debits tc•��'.�.�ds����e'PurPuse for which each �.�
<br /> �� '".. . debit to the F�mds was made.The fw►ds are-p�ged as additioaal seauity fcr alt suaas�w:ti�� �!S�ty�astn�menu
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<br /> ,-. , ,� , .,:� If the Fimds he1Q by I�nder exceed�►c�unts permitted to be he�d b�'�applit��lacs,�,�11 account to 8orrower __
<br /> for the eacess Fuuds in accordaace with tHe rec�ultemenu Qf applicable 3a�:If the��+r�af��•held by Lendcr at aay:
<br /> �,�,tY��� � timo:is not sa�flcient to pay the Fscrow Itenss�a�Jiea due.Lendcr may so notify Boria�rgr.��-�g:�5:d,in such case Botrower , � -
<br /> r�S��2t� ��� sba�t�=�.�.I�eder the amoua�t�ssarY so make up tiss:�Sciency. Boaower sbscu�rr.� the deficiency m no-�ore than i r`/i!�!. __
<br /> 7�c` ,y�^.�.'.-.- ; twelveafontctu.g�r�0.ts:si��c±t's sole�sretIon. • �• , , � ,{, su t��� _
<br /> .�,"� • �����' llpon paym�;�.n futl o€atI sums s��,by this Security Insvnmeat. Lender sx�i.�1 proa�ttj':efimd to io3zrriv�es any ` "F�.�,+�i �
<br /> �� � �� Funds held by Lender.ff,under'�paragrapfu 123:Leader shall acqwre or sell the PropertYt.�a¢'e�„patick.o the acquisition or sale , s�+ �_
<br /> ;�s��, ..=r.� of the Prnperty,shall apply a�*j:�vinds held by Lender at the rime of acquisition or�•x�;�er�i��eamst�he sums secuted by ` � ' '
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<br /> �?�;�, _ .,:-'�. this Securiry Insuamen�. ;.. . • ' .:�; � � . t�`r��,,�� �T=-
<br /> .; `••,:�� ' 3.Appficanoa of Payamen�.Unless applicab2e law provides oWerwise.ali payx�ae�.��iir�d by�.eader under paragraphs
<br /> � �� •� . ;,,`:;�; ; 1 and 2 shaU be spplied:fust,to aaY P�?3�t�azges dae uader the Note;secea&.��':���t�?Yable under paragraph 2: '; :�`':...�.—.
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<br /> '•' third.to interest Que:fourth.m priacipai�+ie;�nd last.to any late ct�arges due�mder c.�'3�P3�,� � � � • �,
<br /> • 't` °. 4.C6arges.I.ieas.Ba.�!',:r s6all pay all taxes,assessments.charBes, fines�a�f�a.r��t�3�'ki�bl�'';i�the Praperry r��
<br /> s�;' w*..a�ic::aaay attain prioriry ov�s ir�is�Seauiry Instmme�at.�`�;easehold paym�ts ar�az�i ients,i�aay.'Borma�s shall pay .. �ey�;�,��f�.
<br /> "���= thesr�al�ligations Ia We maa�IFr��ided in pazagraph 2.tx s�i�at paid in that ma�a.,°r;:,e���,�."owet shall pay thena e�tip�ne direcdY ■
<br /> :� ' ` ' to the erson oa��:_ ent.�rbwer s6a11 mm dy fumisD to Ltade�`;�i sodces a�a'�iounu w be paid uader this.paTagrap!?.:nt,,:,• '�`X
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<br /> , : Jf Borrower mak�a�at�ese paymleau dirzMh►.$onawershall pmmpAy fu�tiis�to t.�ender receipts evidencing the payments. �,,,. :,�,_.. ��;,
<br /> � Boirower shaU prompd��ise6arge any lien which has priarity over this Securfcy!.�.�miment untess Banower:(a)agees irr ' , . --
<br /> 7iS�1��� . - ^�• vnit�ng to the payment of We grb�igatiou secured by the lien in a ma�net acceptable ra;lu�der:(1�)contests in good fait8 tht lien ' , �>k:�: ';_—
<br /> .c.��� by,or defends aga�nst enforoe'm�t of the llen in. legal proce�4ings whictj in.t�It�der's opinion operate to prevem the . �-
<br /> ` � : .. " 7' enfo�ement of the lien;or(c)seaues from the holder of the lien an agreement sati��a,rssty co Lender subordinatimS the lier►to � `;�a�:;.' :�_:
<br /> �'��+`` this Seturiry Iasaument. lf Lender detemrines that any part of the Praperty.is suby��a a lien w1�cb may attain prioriry over :'�;,,�.?.�;_ •: .•�:::
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<br /> tbis Security lascn�ment.Lender may give Borrower a aorice ideatifying tite lien_S3{�Sv�rer sha11 satisfy the tien or take one or ;,. �."�
<br /> �%7>, mate.of the aaions set fonL above wiWin 10 days of the giving of notice. ,.. , �r �,: ,
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