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<br /> -, ,,,,.,.�.;�� TOQETHER WlTH sU the improvementa uow or hereaftcr erected on tho property.and all easemencs.uppurtenancea.and =_
<br /> ,, futtut�s now or bereafter a purt of the property. AIl t�plucementa und udditions shall also be covered by this Security [
<br /> �,�'�� Inetrutnent. Ail of the fonegoing is referred to in this Securfry Insuument as tbe"Property.'
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<br /> BORROP/�R COVENA:VTS that Borrovier ia lawt�lly seisecl of the eatato hereby conveyed a�nd haa the dght to grant and
<br /> .. ., - ,,,�'�-. convcy tha Fropeay► end chat the Proparty is uaencumberai. excepi for encumbrsuces of record. florrower wiurants and w1U
<br /> ,� defead generally tha title to the Property against etl claims and demaada.subJect to any encumbrancaof recc�rd. �'
<br /> j-� ' �" THIS SECURITY INSTRUMENT combines uniPorm cavenaata for nat[onal us$aad non•unitortai coveaants wiW limited -,
<br /> • �" variattona by jurisdtction to constttute a unifora�securiry instturaeat covedng real property. _
<br /> UNIFOANI COVBNANTS.Borro�ver end Lendcr coveaaat aad agrce as followa: '=
<br />• ;_,_ 1. A�yment of Prindpat end Jatere,gt; Prepayment and Istc Charges. Bornower shall prompdy pay when due the --
<br />-'�� � principal af nne iaterest on tha debt evIdenoed by We Note and any prepayment ead late charges due under the Note. =-
<br />=�.„:-.,�; 2. F�nds for Taxcs and Insuranoe.Subject to appltcable law or co a wrItten waIver by Lendor,Bormwer shali pay to '
<br /> ' Lendet on theday monthly payraents are dua undcr tho Note.uatil the Note is paid in fl�ll,a swa("E�ads')for:(a)yearly taxes
<br />- and assessmeats which a�y attain prlorlty over this Secudty Insaunaent as a lien on the Property;Cb)yearIy leasehald p�yments
<br /> " � or groaad nena on the Property.if anyi(c)yearly hmerd or pmperty insnraace premiums:(d)Yearly Aood insurance preaiiums.
<br />.::..'�;.�:.,� �` if aay: <e)Yearly mortgage insurence premiums,if anyr: ancl<�as►Y sums Payable by Borrower to l.eader. tn acoordance wIth
<br /> :� i�;��•� the provisiomof paragraph 8�in lteu of the payment of mortgage insurance premiva�s.These itemsare callod"Escsow Items."
<br /> ` '�:;`,-�. Lender may.et any tiute, oo116ct aad hold Funds in an amount nat to exceed the maximum amowt a lender for a fe6eraUy
<br /> '",.�.`tit�4� relaud mortg�ge loan may requira for Borrower's escrow acmunt under the fede�al Real Estate Sealement Pmcedures Act of .
<br /> �•''.''°' 1974 as amended from time to time. 12 U.S.C.Section 26U1 et seq. ("RESPA').unless another law that applies to the Funds -
<br />'-s�.`i{G�' ' set8 8 lesser emowtt. If SO,I.eader ma , aI
<br /> ,. r. ,: y any tlme, collect and hald Fuads ia en amount uot toexcxd the les�er amoant.
<br /> ' " �I �� L.ender may at[wate the amaunt of Funds due oa ihe bt�sia af surmnt data and reasonable estimates of eapenditures of ti�tare -
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<br />:";.,.,��,��� '�'��� Escrow Itemsor otherwlse ia axordaac�with applicable law.
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<br />':�;:+,;�;;�;���,�' '"� �•, The Fueds shall be held In aa institution whose depasits are insured by a federal ageucy,iasaumentulity. or entity
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<br /> •t��ft�� (including Lender,if Lender is such an institution)or la tu►y Federal Home Loan Bank.Lender eha�ll appl�r the Funds to pay the
<br />��=� `'�"� F.scmw Items.L.ender ma not char e Borrower for holdid and
<br /> Y 8 8 epPlying the Fuads,annually analys�►,g the escrow acoount�or
<br />-;i`�;},�� . �:' . verlfyiag the Escrow Items.unless Lend�r pays Borrower interest on the Funds and applicable law pe�ita Lender to make such
<br /> -�- =•, a c6arge.Hoa�ver, Lender anay require Bomower to pay a onatime charge for an iadependeat real estate tax reparting service
<br /> -��'�,� used by Ltnder in eonnecHon wIth tLis loan, unless app#icable law provIdes otherwise. Unlessaa agreement is made or
<br /> =�-�:-_�?�?� applicable law rcquIms interest w be paid�Lender shall not be required to pay Borrower any iuurest or earnings on the Funda.
<br /> .;�:c:;j Eam�wer and i�ender may agree in wrtting�however.that interest shali be paid on the Funds.Lender shell give to Bomnwer. .
<br /> = - �=-��+�;,;, without charge, an annual acoouating of.the punds.showing credits and debits to the Funds anu3�6c purpose for which each
<br /> �_�. debit to the �Ytns�s was made.The Funds are pledged a4 additional security for ali sums secured hy vhb Saurity Instrument.
<br />---_ ---_ If the Fencls held by 1�ender excxod the amounts peimitted w ba held by applicabie law. Lertder shaU ac�ount w Borrower
<br /> --=..�;,��,s;' for the excess F�mds in acoordance wIth the z+equi�tte�ats of applicable law.If the amount of the �nads held by Lender at any
<br /> --- , tlme ia not sufticlent w pay the Escroa Items when due.Lender may so notify Bormwer In wddpg�aad.in suCb case Borrower
<br /> --�- shail pay to i,eiider [he amount necessary w make up the deficienoy.�orrower s6all make up the Oet3cieacyr In no inore than
<br /> — - twelve moatNy payments,az Lender's sole discretion.
<br /> _;�r��'�: Upon pryment in full of all sums aecured by this Security Insaument. Lender shell pmaiptly refund to Borrower aay
<br /> -=- - Funds held by L�ender.If.under paragreph 21.Lender shaU acquire or sell the Prnperty.Lender,p�lor w the acquisidon or sala�
<br /> --- of the Propexy, shall epply any Fuads held by Lender at the time of a�quisition or sale es a creait ega�mat the suans secured by
<br /> this Security IdsRnimsnt.
<br /> 3.Appllcn8ian of P�ymeMa.Unlesa applicable law pmvides othet.wise.all payments neceive�l by LEader undor paragrapLa; .
<br /> _-- - 3 �l.2 alsall b� a�p�iec!� #3rst.to eT'Y P�?�Y�nt Gharge�due ncu��r the Note;scx»ndf�o amounts pa�rable under paragraph 2;
<br /> `� �th{rG,to latcnat dne;fourth�fo prU►cipal due;and last,to eny Iato charges due under the Note. -
<br /> "' 4.Ghs�rBesO Lieas. Borrower shall pay all taaes.assessxnents.charges•fines aad imposidoas attributabla to the Pcolxrt3►
<br /> wbich may �priorIry over this SecurIty Insuvraettt,aad leasehold paymr.nts or gronad reats,lf a�r. Borrower shaU pay
<br /> _ °_�.: these oblfgatlons Jn the manner pmvided ia paragraph 2,or if not paiid in that mauner,Bomawer shaU pay them oa time directty
<br /> - �Q the personowad payar�nt.Bomower sball pmmptly�umisi�w Lea�eer all notices of amounts to bepaid u�ler this paragraph.
<br />`;;>�� ,I4 Bor�.+owes mabees these paymsnts dinuly,Borrower sball prompdy fumish to I.ender ceceipta evideacing the paymenta.
<br /> _..-- . �ozrower sbaU pmmpdy discharge auy lien which has prlority over this Sccur(ty Insaument unless Bo:cower:<�egrees in
<br /> __ a�1lidg'to t�iepayment of We obUgation s�cured by the tien in a manner aceeptable to Leader;(b)coatests in goed faith th�li�a,.,.
<br /> i by�as dcY�ls.aSainst enfoncement of the lien in, legal p�+ooeedinga which ln the L,ender's opinion operate to prevent the..� �.'
<br /> _ --—_- enfo�en�eat of the Iien;or(c)secures from the holder of the liea aa ag�t satlsfactory to Leader subordinating the lien to
<br /> ------_= tbis Security Insuument. If Lender determines tbat auy part of the Property is subject w a lien wbiah may attain prlorlry over
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