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<br /> � �:��` `� ` 'FO(iEi�VYITH all the improvements now or 6er�atier crected nn the pmpe�ty.c+nd all easements.nppuRenanres. . `:
<br /> � . ` � •,''` and fixsues now oi he�eaftec a part of the pmperty. All:eplaoements and ndditions shall alsa be rnvered by this Securiry 4 ._,.
<br /> : a-�. �. �` Instcument. All of the foregoing is t�efeaed to ia this SECUrIty Instrument as the"Property.° L .
<br /> " BORKOWEtt COVENANTS tt�aat Boaower is lavvfulty seised of the estate he c e by oonvey e d an d h a s t h c d g h t t o g r a nt
<br /> :, .,�::` aad canvey the Pro�rtS►and that the Propecty is uaeacumheced.eacxpt for encumbraaces of rewrd. Boirow-er�vairants and ,.� .
<br /> - _ vn'll defend Seneially the title ta the P�opetty agawst all ctaims and demaads.subject�a any encumbranoes of cecard. ,_:
<br /> --';,_'��,—, . TEIIS SECURTfY INS1'RUlVSENT combines uaifom�coveuants for national use and naa-�miform covenants with ___
<br /> limited variations by jurisdic�on to canstitute a uniform security insuumeut coveaing ceal pro�tY•
<br /> . ' . UId�ORM COVENAh'TS. Borrower and l.ender coveaant and agree as fo Boirower shall prompdY PaY wGen due the
<br /> � _ . I. Aaymeat of Prindpal and Inte�PreFa3�me�t�d Late�acges. _-
<br /> ;' pancipal of and mtterest on the debt evidencefl by the Note aad anl+P�P3Y�ut aad late charges dus ander�he Note.
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<br /> .. ,=,�._- 2. Fands for 7�es entl Iasarattce. Snbject to applicuble iaw or to a written waivec by Ixnder.Borrowet shall paY to
<br /> `�"� Lender oa t6e day mnpthty payments aze dae under the Note,�u7 t6e Note is paid in fiill.a sum("Funds")far.(a)yearly
<br /> � .�;•,�.`;r;, t�xes aad assessmeats wdich may suain priortty�over t6is Seauity Instzumeut as a lien on the Roperty:(b)YeadY leasehold �':1-
<br /> �nswance p�etniums: (d) Ye�tY Quod
<br /> �ayments or gmimd nents on the Pmperty. if any; (c) Ye�1Y � or PmP�Y � p� �, `�
<br /> � ` .. iusarance piemiums,if any (e)YeadY mortgage insacaace pr�minms. if any:and(fl�►Y S�PaYable by Borrower w
<br /> - ' Lender.in acoQrdance arith the pmvisions of paragtaph 8,in lieu of the payment of mortgage iasurance premivaas. These �3..::
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<br /> ,��. ._r��a�.s: items are caIIed"Fscrow Items.' Lender caay.at aay pume.coIIect and iiold fiiads in an amount aot to exceed the maximwn .---.-
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<br /> �, amount a le�der for a fedcaalty zelated mortgage loan maY�eclui�far Bormwer's escmw acaoount under the federai Rea1 �. •.
<br /> �''�F . , ��=:';� Estate Seutement Pracxdares Act of 1974 as amended fmm dme w ume,12 U.S.C.$2601 et seq.(°RFSPA°?,unless another
<br /> :=4.;_�,`. ' - law that appliea w the Faads sets a lesser aawuat if sa Leader may,at any time.collect and hoid Funds m an amount not to _.}
<br /> '�`��. . :'i7�`; esceed the tesser amoun� Lender may.estimate the amaunt of Fimds due on the basis of cunent data aad reasonable _ :'u.
<br /> � ;.' ,:��1; estimates of expenditures of fattu�+e Escrow Items or othe�wise in accwrdance with applicable law_ �umentaliry ''
<br /> 'Ihe P�mds shall be hetd in an instidition whose deposits are insumd by a federal ageacy, ,or ea6ty ..��L.
<br /> ;�'%�;�� ('mcluding Lender.if I.eader is sach an ins6cu6an)or in any i�ede�al Hwme Loan Bank. Leader s�aIl apply ihe I�mds co pay
<br /> � the Fscmw Items. Lender may not charge Boimwer far hotding and apptyin8 thc Fnnds.anau�fl' y anaIyi�ng tbe escrow ' v.�^
<br /> • . `�.,` We Psarow Items.uWess I.ender pays Bormwer intecest on the Funds aad applirab3�law petmits
<br /> _ ::-: . � .._.: �caunt,os verif�'in8 Borrower to pay a one-time chat8e for�an i�endent ceal E--'-`.-
<br /> "'�� � ��' �'' Y�ader to make snch a chaige. Howeee�Lender may�qnue,
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<br /> ' � esrate tax reguitiung sec�ice used 6Y Lender in connection evitb this loan,unless apPlicable law pravides othe�wise. Untess an
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<br /> • � .:.'.`� �reemem is made or applicable law m�uir�s inieiest m he Qaid,Lead�s sball not be required to��Horrower any intetest or ,�
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<br /> -',:•��`�. � eatnings on.the Punds. Bwtvwer and I.end�r may a�+ee in writing,hflczzver.that interest sha116� � 'd on the Fands. Lendeg' _
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<br /> ";•�' • st�all give w Somuwer,wlthout et�arge.an�maa1 acco�n8 of Uie Fonds.sho�ving cm,dits arsF d�"bits to ttte 4�ds and the • .. .,
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<br /> .:::-t�:`., ,, putpose fos which each debit to the Punds was mad� �e�nds are pledged ac z�tional secuiit}r for all s�s secaued bY =v_
<br /> �„��; �., this SecuritY Inseroment _�
<br /> "' " ff the Puads held lry Lelcder exceecl the amoants pennitted to be held by applicable la6s.l.ender shall arcount W �-�.
<br /> •�;'.<���.:; Bormwer for the excess Funds in accordaace with the requiremeats af applicable law. If tlte�mt of the I�nds held by =----
<br /> �° ,:. ' ' • Lender at any time is not sufficie�t w pay the E.4croa Items whea due.LenQer may so notify Ee�nower is writing,and,in _---
<br /> ':;';� .• �.;<: such case Borrower shall pay to L,ender the amouat aecessary to make ap the defcciency. �orrower shaU�pake aP t�e �—
<br /> � deficiency ia no moie thast twelve monthly payments.at Lender's sole discretion. -_
<br /> - ` � Upon paymeut in fuIf of all s�ms secured by this S�rity Insuument,Leader shali promptly�efund oa Baanwer any __ —
<br /> � Funds held by Lender. If.under paraBtaPb 21.Lender sliall acqaite ar sell the Properey.Lender.prIor to the acqaisitioa os . -__
<br /> . '';,:.,..• sate of the FmpertY•shaii apply any FLnds held by Lender at the time of acquisitioa or sale as a credit agaiast We sw�s �T.
<br /> ' secmEd by ttus Secunty Inshumen� nts ceceived b y L�nder u�6sr; . -
<br /> 3. Agplt�ton oi P�pm�n�. UnLess app l i c a b le law provi d e s o t h e r w i s e.a ll p a y n a e -
<br />_ • pategaphs 1 and 2 sball be applied:fizst.to any prepayment chatges dae uader the Note:second,to amouats payab2e under' Y_
<br /> - � , .'' ParagcaPh 2:third,to intecest dne:fourth,w prinapal due:aud tasi.to any late chazges due under the Note. _,.
<br />- / ��''t:;: �d C7�ages;I.lea9. Bomnwer�I pay all taaes,assessmeats,ch�ges. fines and icc�osidoas aun'batable to the _-
<br /> '�'�r' , ori ove�r t�is Seaari Inswmcat,and leasehold payments ar�d'rents.if any. Bomower �"��
<br /> � : r.�:,.''r:� propeny v�f�a�may attain pri ty+ t3► -,�
<br />_ .. l' '�k���'� . . • shall pay these.obligations in the manner provided in parag�aph 2,or if not paid in that manner.Bosower shaU pay them on �_T
<br /> ��i.�'.'
<br /> y, ;' ' . �ime d i r e e t iy to We�p e i s o n o w e d p a y m ent Boriower shall pmm pdy fiunish to Lender all notices of amounu w be'paid uader � '__
<br /> .`t., , ahis paragraph. If Borcower mages these payments directiy.Botrower shall promptly fumish w Lender reaeipts evldeacin� E _
<br /> , ,' ��. the paymenta E�zj-
<br /> .•: �. � � Barra-�a sfiall promPtlY dissharge azry tien which has priority over this Security last:ument unless Boimwer:(a)ag�ees �.....:;
<br /> ` ' . in writing m c�e payment of the obligauon secund by the lien in a manner acceptab2e to Lender:(b)contests in 800d faitb t2�e
<br /> - � ' lien by.or defends ag�enforcement of the tien in.legal proceedinSs whicb in rhe Leuderh opinion opeiace to prevent t'� G�'�
<br />:;';�'::'� �� �� � enforcement of the tiea;oQ tc)secures from the ho2der of the lien aa agreemeat s:�ssfactory co 1-ender subord.inc3ing�e lien �_-Y=
<br /> _ w this Security Insw� If Lender detetmiites that any part of the Property is�sject to a liea afiich may attaii►priodty -
<br /> � . over this Securiry Insawnen�Lender may give Borrower a notice identifying the t'se�. Borrou•er shall satisfy the lien ar take �_--`
<br /> ' ' � one ar maae�ctf the actloas set foith above withia 10 days of the giving of notice. • • ;:s.
<br /> � � : .,z;�` S. Ha�+�or pro,�erty Iasnraac� Bormwer shall keep the improvements now exisr�g or hereaftererected on the
<br />- , � '„i� property insumd againsa toss by fue,hazards included with3n the tertn"extended coverage"ayd any other ha�ards.including
<br /> ;�.:� . ' �laods or t�ooding.for w�'.ch Lender requues ia�r�.nce. This insuiauce shaII be maintained in the amouats and for the :
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