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<br /> � '� ' TOGETHSR WITH ail tha im rovements now or hereafter erected on the m
<br /> P P PenY.and alt easeaaents,appurtenances,and
<br /> + fiaturea nov� or harcnfter u part of tho pronerty. All replacements and addttiona shap alsa be covered by this Securlty _
<br /> . � Inatrumaut.Atl of the fongoing is r�fecre�to in this Ser.udty instrunaent as the'Property." _
<br /> BQRROl�VBIt COV8NAN7'S thnt BarrQ�vRr i9 le�ut��lly seised of the estsitc hereby wnveyed and hes the dght ro gtanc and _
<br /> convey the Property And that the Property ls unencumbemd.eacept for ertcumbrances of record. Borrower warrants and witl -
<br /> : 1 defend genemlly tho titlo ro�to Peoporty Agotnnt�il claims and deraanda,subject co any encurabrances of record. __
<br /> � ; 7'HIS S�CURI�Y INSTRUM�iNT comDtnea uniform covenaats for national use and non-uniform covenan�s with liauted -
<br /> • � vadutionx by juriedictian to conxtitute u uniform secwriry iastrument covering real property. t
<br /> ' UNIFORM COVBNANT3. Bomower and l�ender covenant and agres as followa: ��•
<br /> •%Y� 1. 1'ayment of Princlpol sutd Interest; Prepuyment nad I.ate Char�es. Borrower shall pmmpdy pay when due the
<br /> princip�l of sutd laterest on the debt evidenced by the Note and eay prepayment and late charges due under the Note. �:_
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<br /> „��� t. Fnn�s for Taxes and ingursiace. Snbject to applIcable taw or to a written weiver by L,ender. Borrower shall pay to �
<br /> � Lender on the day atonthly paymente an dua uader the Note.until the Note is paid in full.a sum( Funds )for:(a)yearly taaes =
<br /> ` and assessraents which may uttain pdority over this Security lnstnimene as a lien on the Pcoperty;(b)yearly leasehold paymenta =
<br /> . � 3 or gmuad rente on the Propertyr.if enyc(c)Yearly dazard or pmpetty insurauce premiums:(d)Yearly tlood insuraace premiuma. __
<br />" � if aay; (e)yearly mortgage insurance premiuma.it any:and(�aay sums payable by Borrower w Lender,in accordance wlth =-
<br /> . , the provisions of paragcaph 8.in lieu of the payment of mortgage insurance pmmiums.These Items are caUed "Fscrow Items." :
<br /> r Ixader msiy. at avy tIme.collect sad hold Fuads in an aiaount not to eaceed the maximum amount a lender for a federally
<br />- '' related mnrtgage loan umy�qulre for Bormwer's escmw accouat undsr the federal Real Estate Settlemsnt Pmcedures Aa of _
<br /> �•� :� 1974 as azaended from W�aa to time, 12 U.S.C. Sectlon 2601 et seq. ('RESPA").unless another law that applies to the Funds
<br /> - . sets a lessEr amount. If so. L�er may. at aay time.coilect and hold Fuads in an amnunt nac to exceed tlhe lesser amount. -
<br />- � Lender ffiay estimete the aiaount of Fuads due on We basia of cutrent data and reasonable estimatea of eapandiwres of future =
<br /> ��� Esarow Itema or othervv�se ia aocordaace w[th applicable law. --
<br />_ ' 1'he Funds shall be he�d in an Institudon whose deposIts are insured by a federaI a�ency. iastrumentality. or entity ==
<br />-= (iaciuding[,ender.if Leader ts such an institution)or ia any Federal Home Loan Baalc.Leader shaU appiy�he Fuuds to pay the -
<br /> ' Escrow Items.Lender may not charge Borrower for holdWg and applying th�Fuads�aanually anAlyz[ng the escrow axount.or -
<br />�� . verifyIng tke Fscrow�tems.wiles.v iender pays Bornower interest on the Fuads and applicable iaw permits Irender to make such
<br />-�� �� a charge.However.Leader may re�uire Bomnwor to pay a oae-time charge for an tndepeadent real estate ta�c neporting seivice
<br />- nsM by t,eader in wnaectton with th[s loan, unless applicable law pmvIdes otherwisc. UNess an agc�eement Is made or
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<br />�:5�` appHcnble law requires interest to be paid, L�endcr shall not be requtred to pay Bormwer a�ry interest or eamin�s on the�tmds.
<br />=�s;s;;�`. '�,. Bomower and Leader may agnx ia writLig.however,that Interest sball 6e paId on the Funds.Lender small give to Bo�uower.
<br /> `e�.:s'�: :; _. � wi�hout cherge�an annual accounting of the Funds. showinit credlts and debits to the Funds and the puryoss for wtuch each
<br /> �::'-c,:���ar debit to the Fuuds was made.The Fuuds are pledged as additiondi xexurIry fot ail sums securai by tbis Securiry InswmeAt. -
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<br />�,._,;::�; ��,'`� If the Flutda held by Lender ta�oeed the amouata permittsd w be held bY ePPlicable law,Leader s6aU account to Borrawer
<br />�;;;::;�:;��=.'�; for the eacass Fuads iu a000idanco with the�equirements of applicabte law. If the amouat of rhe Funds held by Landet a�any
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<br /> - � : tt�e is not sufflcIent to pay the Escrow Items when due.Leader may so notIfy Borrower in wrlting,and.in such case Boriower
<br />�,�'��" shall paY to Lendet th�auLOUat aeoessary to make up the deficiency. Borrower sLall make up the deficiency in no more than �
<br /> ;��� r twelva�onthly paymmts,at Lender's sole discntion. �� -
<br /> �• '�:,�s..r Upon payment in fl�ll of all aums secured by this Secudty Iusuument,Lender shaU pmmpdy refi�ad Yo�orrower any
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<br /> �'�`u�'f:�"+' Funds held by Latdec.It,urtder patagraph 21.Leader shaU acquire or sell the Property.Lender,Prior w the acquisttion or sa4x . -
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<br /> r.-;Y.��° of the Pa+operty.shall appiy any Fuads held by Lender at the time of acquisiHon or sale as a credit against the sums se�aued iry'
<br />.';�;;�..�:,;��� this SecurIry Insuument.
<br />��•,,.��. 3.Appiicatioa o!�nnymarts.Unless applicable law pmvldes othetwise.ali paymente reoelved by I.eader undor parag�a;pbs .
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<br /> _:�-:��� 1 aad 2 shaU be applied:tiist.ta a�ri Pr"',.,..:,�nt ch-..r^�dne ua�er the*:ase;�,sa�cuai,,°g�shle_t�r gsr°.�,�-r,g�2;' ' • .
<br /> ;:;; ,. third.to interest duo;foutth.to principal due;and tast,w any late charges due uader the Notc. � j~� �$•��
<br />—_=v°=`':'a;,.�' - 4.Chargesi Lt�.Borrower shall pay all te�ces.assessmeats.char8es.flnes aad impositions attdbumble to the Pmperry
<br /> �f--~� wbich may aaain prioriry aver thia�aurIty Iastmment.aad lea�ehold payments or ground re�ts. if any.Bonower shaU pay
<br /><:� these obligations in the manaer provldtd in para,graph 2.or if not paid in t(�t m�nner.Borrower shall pay them on dme diee�tly .
<br /> ��'�'�=���,����-„- to the person owed Qayment.Borrower stiaU promptiy fumish to Lender all netices of amounts to be paid undBr this paragraph.
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<br />--,�,�;��:;:;:�� If Bo�rower malces tttese paymente dIredly.Bornower shall prompfly fucnish to i�ender receipis evidencing the payme.ats. .
<br /> ---:-���s:`:::. Botrower shall promptly disc5arge any lien which has priority over this Securiry Jattmmeat unless Borrower:(a)agrces in
<br /> '� `�„ - wrlsing to the payment of the obligadon se�red by the lien in a manner acceptable to Lender;(b)contests in good faith the lien '.
<br /> �_..�"'-�r�.;ti,� • by. or defends against enforameat oP the lien W. legal pmceedtnga which in•the Lender's opiaioa operatc w prevent ihe
<br /> -- _���'� . enforoemeat of the llm;or(c)secures from tlte holder of the tien an agroement satisfacwry w L�eader subordinating t�e lieu W
<br /> _ �a:r,'; this Secudry Insuument.If Lcnder detennines ihat any part of the Property is subject to a lien wbich may attain priority over
<br /> �:. �''`" ' ty fying the IIen. Bomower shall satis
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