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<br /> '1'OCiETHER WITH all iha improvcmcnts now or hercaftcr crcctcd on thc prapcay,and all cascmcnts,appurtcnanccs, sind
<br /> � fixturc.9 now an c�rcaftcr a part of thc properiy.All repleccmcnts and addltlons shall also bc covcrcd by Ihis Sccudty Inswmcn�
<br /> ,,.:��� All of tho forcgaing is rr,fctred to in this Sscurity lnslrumcntar tlic"Propeny."
<br /> ���� BORROW6R COYBNANTS that Borrowcr is lawfully sciacd of thc cstate hcrcby camcycd and has thc right to grant and
<br /> canvey tha Property and that iha Prope�ty+ ia uncncumbcrcd. cxccpt for encumbranccs of rccord. Barrowcr werrants and wiQ
<br /> �, defend genuaUy tho tldo to thc Property ageinst all clalms and demands,subject to any encumbrances of rccord.
<br /> THIS SECURITY INSTRUMBNT combines uniform covenant�for natianel use and non-uniform covenants with limited
<br /> varlarions by jurlsdiction to constitute a unifonn security inswment covaring reai prope�ty.
<br /> UNIFORM CUVENANTS.Borrower and Lcnder covenant and agree a9 follows: ^
<br /> , 1.Paymeat ot PrincipAl and Interest;PirepAynaent and I,ate Cbarga. Borrowcr shull pmmpUy pay whcn due tha ;U,i
<br /> _ � principal of and Interest on thc debt evidcnced by the Note and any prepayment end late chazges due under the Notc. �.�
<br /> . 2.F'unds tor Taxea and IasurAnca Subject to applkablo Isw or W a written waiver by Lender,Sorrower shall pay w T =
<br /> •Y • Lcndcr on�hc dey monthly payments arc duc under the Note. undl thc Note is paid in full,a sum("Funds")for. (a)ycarly taxes
<br /> - '.� and asscssments which may ettain pdority ovcr this Sauriry Instrument as a llen on the Propexty;(b)yearly leasehold paymcnts
<br /> . a ground rents on tbe Property,if eny:(c)yearly hazard or property insurance premlums;(d)yeacly flood insurance premiums.if �
<br /> � any;(e) yearly mortgage insurance premiuma,if any;end(� any sums payable by Borrower to Lender,in accordance with the �: �
<br /> � � '��' provlsions of paragraph 8. in l�cu of the payment of moctgage insuranca pnmiums. 'Rieso items are called "Sscmw Item9" __
<br /> Lender may.at any dmc,collect and hold Funds in an amount not to cxceed the maximum emount a lender for a federally relatcd
<br /> - , mortgage loan may requlre for Borrower's escnow account under the federal Real Estete Settlement Procedares Act of 1974 es �•.'�
<br /> ` � � amended from dme to dme,12 U.S.C.SectIon 2601 et seq.("RESPA"), unless another Iaw that applies to the Funds sets a lesser �
<br /> �r;.�`'!,: ;' amoun� If so. Lender may,at any time. coUect and hold Funds in an amount not to oxcced tha lesser amounG Lender may �'-
<br />_rr .s��^ estimate the amount of Funds due on the basls of current da�a and reasonable estimates of expenditvres of fuwre Fscrow Items or =.-
<br /> :, . . .t�"' • oihuwise L►uccordence with appflcable law. -.
<br /> �y.`- �:F: 'lUe Funds sball be hcld in an lnsdtu6on whoso deposib erc insured by a federal agency,instrumentality.or endty(lncluding �_°
<br />��1,.,;;.{,� Lender. if Lendcr ls such an insdwtion) or in any F�deral Home L.oan Bank.Lendu shall apply the Funds to pay the Escrow `�'�`
<br />�'�''�' ' Items.L.ender may not charge Bocrower for holding and applying the Funds.annually analyzt�g the escrow account,or ve�rifying =
<br /> :.:.+,:•..;.�r �e BsctOW ItCm9.unless Lender pays Borrower fnterest on the Hl�nds and appUcable law permits Lender to maice such a chargc.
<br /> -. �;-`'�,s However,Le�►der may require Borrowu to pay a one�drne charge for an independent real estete tax reporting service used by
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<br /> T.:w:,;x,�;', Lender in connecHon with this toan.unless applicable law provides otheiwise. Unless an agreement is made or applicable law
<br /> .��` �. requires interest to be paid.Lender shall not be required w pay Borrowu any ir►terest or earnings on the Functs.Sorrowu and
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<br /> - .':i_:��:�. Lender may agree in writing.however,that Interest sball be paid on the Funds.L.endcr shaU give to Borrower,without charge.an
<br /> -' annual aaounting of the Funds,showing credlts and debits to tbe Funds and the p�upose for which each debit to the Funds was
<br />--=J�.=��'� � mado.'I7�n Funds are pledged av oddidonal security for all swns sccumd by this Security Insuument
<br />�-_'�^�.Y�� : If the Fands held by L.enda exceed the amounts pe�mitled W be held by applicable law.Lender shall account to Borrower for
<br /> _ ����;,•.
<br /> the eac�s Funds in accordance with the requirements of apQlicable law. If the amount of the Funds deld by Lender at any dme is
<br /> '�,s,,��'� not sufficiu►t to pay the Escrow Items when due.Lender may so noafy borrower in wdting,and,in such cese Aorrower shall pay
<br /> =_�'",;�„c� � w Lendu the amount necessary to make up the deficiency. Borrower shall make up the deficicncy in no more than twelve
<br />__W;���„�� 'r monthly paymeats,at Lcnder's sole discretion.
<br /> -`=� Upon payment in full of all sums secured by this Security Instrument,L.ender shall prompdy cefund to Borrower any Funds �
<br /> -�'`�� held by Lender.If,�nder pa�agraph 21,Lender shall acquire or seU ihe Pro
<br /> perty,L.ender,pdor to ihe acqui.aidon or sele of the
<br /> '""'�`��,.;� , Proputy,shall apply any Funds held by l.ender at the time of acquisition or sale as a credit against the sums secuned by this
<br /> __'.�R� Security lnstrumenc
<br /> _;_::z�.• 3.Applicatbn ot Payments. Unless applicable law provides otherwise,all payments received by Lender under paragraphs
<br />-�_=;�x,;�+� 1 and 2 shall bc applled: first,to any prepayment charges due under the Note; second,to amounts payabte under paragraph 2;
<br /> _-� ��=°-� third,to interest due;fourth.w principal due;and last,w any late charges due ander the Note.
<br /> "�`��++ 4.Ciurgesi Lkes. Bomower shall pay all taues,assessments,charges,Cuies and Impositions aUributable w the Property
<br /> =A,::'� which may attain priadty over this Securiry Instrnment,and leasehold payments or ground rents,if any.Borrower shall pay these
<br /> ��; obllgations in the manrier pmvided in paragraph 2,or if not paid in that manner,Borrower shall pay them on dme d'ue�cdy W dte
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<br /> _=:;Y� ;• person owed paymen� Borrawer shall promptly furnish to E.ender all nodccs of amounts to be paid under this paragraph:If
<br /> - Borrower makes these payments direcdy,Borrower shall prompdy fumish to Lender receipts evidencing•the payments.
<br /> ' ' Borrower shall prompdy discharge any lien which has priority over this Security Instrument unless Borrower. (a)agrees in =-
<br /> ...,,.,. � wriWg w the payment of the obligation secured by the lien in a manner acceptable to Lender;(b)contests in good faith the llen __-
<br /> - , by. or defends against enforcement of the lien in.legal prncecdings which :n the Lender's opinion operate to prevent t�e, --�
<br /> enforcement of the lien;or(c)secures from the holder of�he lien an agrcement satisfacwry to L.ende;subordinatinng the Uen to =-
<br />- this Securiry InstrumenG If I.ender determines that any part of the Property is subjact to a licn which may attain pdority over this "-
<br /> Securi Instrument,Lender ma give Borrower a norice idendf in the lien.Borrower shaU satisf the lien or take one or more �`�'�
<br /> �y Y Y S Y E_:
<br /> of the actions set forth above within 10 days of the giving oF notice. - -
<br /> Fo►m sosa vreo �''
<br /> . . � �•OR(NE)cez�2l.o� P�p�2o16 innuis:
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