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<br /> � �`� TOOETH��WITH all the improvements aow orhereafcererected on ehe pmperty,And all easements, appunennncea.and _
<br /> , ,.,�� �zturea now or berercs�ffter u pcsrt of the property. A!1 replttcementt nnd udditiona shafl nlao be wvered by this Secudty -
<br /> .,,.,...,.,, • Instniment. All of ths foregofng ia rclerr�d to in this Securlry I�stn�rnent as the'Propeny." ��
<br /> ��''" IiORROWBR CAVSNANTS thut Borcower ia la�vfully seiud of the estatc hercby canvsycQ tmd hus the right to Qrant und �;
<br /> ,' ' �.�' � convey tha Fropecty and that the Property 1s unencumbend, exxpt for encumbrnnces of tecord. Boxrawer warrants and wiit '
<br /> � � deferd Qenernlly che title to tho Pmperry agalnst all cl�lms and demands. subjeci to nny encumbrancea of record. R
<br /> .:,,��„�,:;� TH1S SECURITY INSTRUMBNT combinas uniformcoveoants for nntionul us�und non•uniform covenants with limited -
<br /> 4 ,,,�' variadona by jurlsdlction to constitute n unlform aecudty inurur�xnt wvedng m.nl property. -
<br /> UNIFORM COVBNANIS. BarrowerandLendercovrnantandngreeas followa: -
<br />';;;�;"�±;�,� 1. Payment of PMieclpal und Intenst= Preppymcnt and Y.ate Charges. Borrower shal! pmmptly pay when due tha --
<br />°,s�:-=-_� � principal of and intere.ct on the debt evidcnced by the Note aad any pmpayment und late charges due under the Note. =
<br />::";;�3�� 2. �unds for Taxes and Insurance.SubJcet to appllcaDle Iaw or to a written wniver by Leader. Borrower shall pay to
<br /> -=y-;:� Lender on thB day a�ontbly payu:enta nte due under the Note,untli tho Note is paid!a fu11. a sum("Funds')for:(a)yearly taxes
<br /> and asses�ments whfch may uttain pdorlty over this Securiry t�a��f*+�,t as a lien on the Froperty;(b)yearly leasehold payiuents
<br /> _-:'�`;;a+.� , or ground reats oa the Property. it any�(c)Year►y hazard arproporty insurarcce premiums: (d)Yearly fiood insurance pre»�iums. _
<br />�='���*w if any; (e)yeaily mortgage inaurance premiuma,if any; and(�any sums payable by Borrower to Lender, ia accordance with
<br />�'�`:�ii•��� the provisions of paragaph 8,in lieu of the payment of mo�tgage insurance premiums.These items are called "Escmw Items."
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<br /> °�„�' Leader may. at any time, collect and hold Fuada in aa amount not w exceed the maaimum emount a lender for a federalty
<br /> ' •�`'� retated mortgage loaa may require for Borrower's escrow eccowt under the federal Real Estate Settlament Pmce�ures Act of
<br />-"����-p�- 1974 as amended from time to time. 12 U.S.C.Sectlon ?.601 dseq.("RESPA").ualess another law that appliea to the Funds
<br /> =�",:fi•�� sets a lesser amouac. Df so, Leader may.az eny tirne,coUect mid hold Fuads In an araount aot to exc�ed the le.sser azaount.
<br />_:�`_���'�"�� I,cader may estlmate the amount of Funda due on the basis of arrent data aad reasonable estimates of expenditures of futura -
<br />�"�`�'"`a`' Escrow Items or otherwlse in aocordance wlth applicable laa.
<br /> '•V�;rs, The Fwids shall be held in an lnsdtutton whose deposiu are insumd by a fedetal agency, instruaaettwliry. or entiry
<br /> '"-`-'-'�� (iacivsting L.ender,if Leader is such an institutFoa)or in any Federal Home Laan Bank.Lender shall apply the Fuada tq�pay the
<br />-a:;,�� Es�a+nw Items.Lender ma}r not�harge Borrower for holdeng a�d eppIyiag the Funds,annualty enalyzing the escrow��000unt,or
<br /> - __— veri3yiag the E,.�crow Items.unless l.ender pays Borrower inter�at on the Fuads aad applica6le law permits Lender ta�mrke such
<br /> °`''���� a charge.However,Lender may require Borrower w pay aonea�nc charge for an independent real estate tax c�eporting service
<br /> __-;.�.� used by Leader in connection with this loan,wtless applicable law pmvides othe:wise. Unless an agreement is made or
<br />�_'`_� epplicable law requires inun�t to be paid,Leador shall not ba ra�ired to pay Borrower any�nte�st or eaminngs on the Funds.
<br /> Borrower and Lender may agree la writing,�owever.that interac s6a11 be paid on ttie Fw�ds.Lender shail give to Borrower.
<br />--;'��,;,��; althout charge. an annual a000undng of the Fuads.shawing crcdits aad debits to the F�nds and tho puipose for which each
<br /> -_ debit to the Funds was made.lhe F1r�+.ds an pledBe�as asidiaonat security ior all sums secured by this Security Insaument.
<br /> �-_-�-�� , If the Funda beld by Lender excxed the amouats perm(tted to be held by applieable law, Lender shall acxount to Aorrowtr
<br /> --�-- far ttte excess Funda in acoordance with the nequirements of appllcable law. If the amount of the Funds held by L.eader at nny
<br /> �• dme is not sufficIent to pay the Fscrow Icems whea due, �.Cadermay so nodfy Borrower fc�arldag,and,in such aaEe Borrower •
<br /> � ��� s5a11 pay to Lender the araaunt aecessary to make up tTt�deFskncy.Borrower shall malce up We deficiency in no m�wre than
<br /> --- _— ta�tve mor,t�iy payuneuts.at L�drx's sc,le discr�tic,n.
<br /> Up�n payment 9n fiill of aU sums s�hy►this Securiry Instrument.L.ertder shall pmmptly retuad to Borrower eny
<br /> Funds held by i.ender.If.under paragraph 21,Lender shall acqnire or sell the Prapercy,L.eader,prior ta�the acquisiaon or sale
<br /> of the Property.sLall apply any Funds held by Lender at t6e rime of acquieitton or sale as u cred�it against the swns secured by
<br /> t5is Securlty instrument.
<br /> ��� 3.Appiication of P�ymeats.�nless applicable law provida otherwIse, ail payuients mceived by Lxnder uader paragraphs ,
<br /> 1 and 2 s6a11 be applied:fust,to aay prepayr�tent charges due ander the Note;seoond,to amounts y�� ,t��,e��aragraph 2;
<br /> third,to interest due:fourth.w priaclpal due: and last,to auy late cbarges due under tha 1�qte. �, �F��-.a, .
<br /> 4. ChArges;Lteas.Borrowet shall pay sll texes,essessmeas,charges,fines and imposidons aaributable to the Properqr;. .,
<br /> wbich may attaiu prlorIty over tLis Secwiry Iasuument, and teasehold payments or graumd rents,if aay. Borrower shali,pay:• "
<br /> - --_ � thas2 obligatlons in the manner pmvlded in pazagraph 2,or if aot paid!n that mrmaer. Borrower shall pay them on time ditecqy
<br /> ;�� ; to tiie peraon owed payment.Bormwer sbail pmmptly furniah to Lender aU notices of amounts w be paid nader this pazagraph. •
<br /> -- If Bomower makes th�se payments directly,Sorrower ehall pro�nptly fiirnish to Lender receipta evidencing the payments.
<br /> Borrower shall promptly discharge any lien which has prlo�iry rner this SecurIry Insuument unless Bomower:(a)agrees in
<br /> wciting to the payment of ehe oblig�tton secured by ihe lien in a marma aaeptabie w Lender;(b)contests in good faith the lien
<br /> by, or defeads against enfo�cnent•of the lien in. legal procacdinga which in the Leader's opinfon operate to prevent the
<br /> enfo�cement of the Lim;or(c)s�cures from the holder of the 1 ien an egneement satisfactory to Leader su6ordinadag the lten to
<br /> - this Sxudty lasmsment. If Lender deurmines tiwt a�part of the Property ia subjoct to a lien wht�ch aaay attatn priorlty over
<br /> "� tbis SecurIry Instrument.Lsader may g[ve Borrower a notia idendfying tAe lien. Borrower shall satisfy the lien or take oua or
<br /> mone of the acttons sst forth above wltbia 10 d.aya of the gIving af aoflce.
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