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<br />_<. -,-_'�,,-.,�•,._;.= . � TOGEfEi�WTT[�al�ti�improvements now or heieaRer et�x�d an ti�e propxrqr,an�aU eas�s.�c�.mmd
<br /> � ' � - .�E':<<.s- �es now or hemafter a pace of.the grogeny. All regtacements and a@diitans shall also be cwvered by this Seauiry Q
<br /> : }�� , . � � . Ims�CUmeni.Alt of tite fa�eguiag is c���jn tbis Security tas�u�nt as the'Pc�uperty' . `��c�
<br /> �.�� °`�°<.���;�,!•`-'.` BORB0181Ett COVENANIS t�ai Souower is 2awfi�lIY seLsed of the es�e hecelsY co�vey�1 and has the:ig�►t tn�at aud
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<br /> . � ��.�°� coav�y the l�COp�rt9 a�d tl�at�the�op�stY i�imencambered,euePt far ena�mbraaaes of recosd. Borrower wananr�aad w�71 ..`�`
<br /> �:��> ,�} � „� � defend geneiaUy ttie dtte tu the PropertY against a11�aims and demands.subject to any en�amabzanoes of rexord.
<br /> � �. ,... ,�` THiS SECURITY INS'I�tUMfiNT oombines suqiform cweaants fos n a d o n a l nse a n d ao�u n i fomt c o v e a�w i t h l i m i t e�.
<br /> ���;� ' .`,.;,. variations by Jurisdiqion to const�tate a uniform se�urity iastrameat eovertng reai P�P�Y• � ,
<br /> '.•;:' -:`�.' :.�: IJN�ORM C�VENA1�1`5.Borrewer aad Lender caveaant and agree as foltoas: '
<br /> ,.r .�: ; . 1.Y�ayme�t af Petnstgsl8nd I� �eat end 1�¢e C�rgees. Borrov�er sha11 P�P�Y P3Y when�e the ';,�.
<br /> ;.-�"�:, ' princiPal of and inserest an the debt�^vcdeaceQi by the Note and�Y P�PaY����es due under the Note. x
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<br /> - 2.Fim�s for Taa�.s and Insuranre.Subje�t to applicab2e law or ta a writt�waiver by Lender. Bornawer shatl pay co � ,_
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<br /> ' . _ i�ender on the day monahlY Payments aie due�der the Note.u�til the Note is paid fia tWl.a sum t`Funds'for.ta)�yearty►� -
<br /> . . �. . . amd a���+�1te w�hich may aua3n priority over this SerauIry insuotnent as a IIea oa the Property:(b)Yeazty Ieasel�old paymeatx k
<br /> =, or�rrouad rents on.the Pmperty.if aay;tc}Y�Y tiazard ar pmperty�insurance premiums:(�Yearil+fload IasnranEe pm�iums. .:,_�
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<br /> -� ',� �` if a�?;(e)YeartY mongage Ins�u�ce.pnemiums.if say;8nd(Q eaY s+ums paYable.by�osrower w Ixuder.in aseordanoe witb � �,_��
<br /> . �y`. , u:,� . the pmvisians of paragraph 8.iA lleu of the psymant o f mo»IIage�c e p s e m i u m s.l'I t e s e i t e m s�r e c a l t�•�s c r o w i t e m 9.'
<br /> • L e n d�m a y. a t an y tims.ootlesc end hold�unds ia aa amount not i�e�d the iaaximum a�onnt a te�zder for a federally �;;'";`;;
<br />_ • .. . � c+etate�mortgage taan m�Y ceq�dre fQr Bormwer's esczo�v aoeount uaQ�the federal Rea1�state Seuiem�rt�Procedurea Act oY .. �•�::-
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<br /> • i9?4 as emQUded fmza time to.tt�e. 12 u.S.C.Sesx�on 2�iUt et aeq.('It�SPA'7.wiless another lavi that applies to the�un�s .���_-;;.
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<br /> • " � � � seta a Iesser amauat.Yf so,Lender may.ac aqY tl�ne.coIIett and hold Fund3 ia an a�taunt not to exceed the tesset amauut. — ....
<br /> - . . �,.�t, Lender may estimate the amouat og Funds due on the basis oY curren��data ana reasonaDle esiisnazes of eagenditures of EUture. �y,.,.�
<br /> `� • Fscrow he�ar othe�vLse In accordanee with,agplicable taw. . � ��4c:
<br /> ��"�•� The Fuads sBau be held in aa iustItuti�t whosa deposits a=e insuned by a federal a�eacy. insa�umtatal�tY. or endty � :
<br /> . : � ('including Lendei.if I.eader is su�an lnstitutinn)or tti�Y F e d e r a f Hotae L o�B a n k.l.e n d c r s 9 a ll a p p l y t l i e F u n d s t o p a y t h e �- '=
<br /> `:,� ��;� Fscrow Items.Lendei maY not cltarg�Bo�ower for hoiding and applyiag the Fua�s.aauualiY analYzin,g tt�escrow aawuni.o� • .
<br /> . . verifyiug t6e Es¢raw items.nnks�I.�der pays Bo:mwer interest�oa the Funds aad appl�cable law permita Iaader to make bvc� -
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<br /> � ` . . a ebarge.However,Leader may zequire Borro9ver to pay a one-tune charge for an independent ieal e.gtate tax ieporting s�iviee
<br /> '�s '� � "��',.. nsed by Lender ia co�on with t1►is loan,:unlesa applicable law provide.s othecwise. Unless an agreement is made os � �-�-.
<br /> � � applieabTe law tequices interest to be paid,I,ender shall not be cegaired to pay Botmwer auy�iuterest or earning,s aa the Fuads.
<br /> . ...:. ."..�:c Bortov�er aad LeaQer may agee in wnt�ng,hoatever,thaz insetest sttall be pa�d on the Funds.Lender shari give w Bomower, ` �`��'
<br /> . � s al �j:�
<br /> .. c,�ouc eLarge,an sunual xcoo�inS of the Funds, shawing eredits aad debits to the Fuuds�ad tite piugose for whteh eaci� `--.
<br /> � �} . '-" ' debit.to the Fdnds was made.The Funds are pledged as additional secarity for all sums sewred by tHis Security.Lnsuumen� �..:
<br /> = , '��.r If the Funds held by l,ender exceed tl►s amounu permitted to be held by applicabl�taw,Lender shall accovat W Borinwer �:;'r-.
<br />-- ' �. for the excess Fuads.ia aocordance with the:equiremetus of applicabte law.If the amoum of tfle FBads heid bY��at aay =_-_-
<br /> . . . .,.',` �is not suf&cient to pay the Escrow Items wh�dus.Lcnder may sa notifg Borrotwe�r in writing,and.In stufi case Borrow0s "":':
<br /> ��-
<br /> .. s�D pay to Lender the amonnt neeessary►to matce up t4�e defcIeney.Boaower shall make up the d�fceieasy a�no more.than �. _
<br /> ,� :f - , tweive montblY paynaeats,at Lender's sole discretion.
<br /> _ �� - �Upon paymens tn i�l of a11 sums secwred by tlus Security Insuument, Lender�s&alI pmmptly refund w Bonower�qy � � °:
<br /> � Funds t�ld 6y Lender_E�nnder pa[agapb 21:I�ender stialt acquire or sell the Property►,1.eader,Prlor to the acquisidon or sale -
<br /> , ' ;.� �. Qf the Pmperty,shall ap�ly a�►y Fwnds he2d by Lender at the dme of asqnisitiaa or sale as a credit against the�s seaued� :.:
<br /> �.,.� .
<br /> . . • �is Security Iastcamen� � :�:'=
<br /> � � � 3.Apallt�linn oY Payazents.Untess aPPNcable la�provides otherwise,aIl Dayzttents received by Lender��r paragrapl�s �_;i_�.,:
<br /> ' ..' � 1 aad 2 shaii be applied:first,to anY P�PaY�►t charges due uader tiie Note;setand,w amounts payable nnder paragraph�: ':;°��
<br /> • � third,to interest due;fourth,w principal�:and lase.w aay late charges due under the Note. . �;,,.:�,:
<br /> � ._ �� . 4.CGaigcg.I,�eas.Borrower shal!py ail taxes,assessments.charges.fwes and impositians amibuta�_e;o the Property � r --
<br />_- . . . which may attain priarIty over.this Securiry Instra��t,and leasehold paymenta or grouad rettts,if any.i�ower shall PaY �r.:,';'::
<br /> -__ '.. � . these obligat�ons in the maaner provided in paragap3s 2,mr if not paid in that manner,Somower shail pay�i�n time directiy �.,:.
<br /> . . .".,,..
<br /> ' • . • to the peraon owed paymeat.Borrower ahali promptiy fi�mish to Leud�r aIl aotices of amrnmts to be paid oaider this paragrapfl. �_ —
<br />=T'�� . � . lf Bonowee makes triese payments dircctly,Bonower shall promptly furmsh to l.ender receipts evIdencing the payments. .: .:
<br /> ' � ' Borrawer shaU prompt[y discharge a�+lien which has prfority over this Secuilty Insmunent ualess Boaawer:(a)a�grers in
<br /> �'{;..'.
<br />"-%'...;;`,,� . , writing to the payment of t�e obligation secured by t�.iien in a ma�ner acoeptable r.�Lender,{b)contesu in��g�od faiW the lien �;�:,,:..
<br /> � `, : by. or defenda against eaforcement bf the liea in, t��gal praceEdinga which in t�e Lender's o�inion a�-�ta prevem the �...:
<br /> . ,,;: '
<br /> ��� �: enforcement of the 1ien;or(c)secures fra�the hoIder of the lien an agreement satisfactory to Lender sn�atlag the lIen to
<br /> _ t}ds Security Instrument.1f Lender de'.e�:aes that any pan of the Pcoperty is snbject w a lien which may attain prlority over . .
<br /> = � . �his�Security Iasmiment,Lender may gi�o Borrower a noiice tdentifying the lieu.Borrower shall satisfy t�e dien or take on$ar ' •r _
<br /> %..:: . ' more of the aaions set forth above within 10 days of the giving of noflce. . .
<br /> '�;� � � . "�, '.:r:; � � fotm 3028 9l90� .
<br /> , . . ,..,:, �o�6R(NE!�srsi.o� oa�e s of e i�m�aa;,�J„� .
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