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<br /> , � � ' TOGETI3F.R WITH all t6e improvemenss naw or hereafter ere�ted on the properry,�all easements.aPP�����
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<br /> ` �� All �lacemeats �d addidoas stzall a1so be wveied bY tbis Sec�utry `;�: ��`:;
<br />" ' f�.�` ,- ��;4 :, fu�ures naar ar hereafter a pa:t of the pmpetry• �
<br /> ..-,:c:;' ;: �.;� instnua�n�Al!of the forego'uig is sefemed w in this Seratt�ity Instcament as the'Propertg.• , . °"�� .
<br /> �:,;�=. coav ed and has the tight m grant aad ��`
<br /> . '�: ;, . . BORROWER COVENANTS that Bormwer is 4awhilly seisecl of the esrate hecef�y ey �
<br /> '' ,.,.£� °. ' cvnvey the Pioperty and that the PropenY is anencnmbered,exrept for encvm6rancea of record.Borrower warrants and wfU '•,����:�`4�.
<br /> � f'; <.< <- �_; a a21 claims and demands�evb}ect to aay encumb:awces of�ecord. . ,. `., `
<br /> _ .. ti..: . defend generally the 6de ta the PraPercY �sc . . ., ;_
<br /> . :�`r` � . THIS SECiJR1TY INSTYttJMENT a�mbines t�ntform covenan�s for natiunal use and rion-uniform covenants witb iimited
<br /> � ty' ooverin real m . °`�``;��
<br /> � , varlatians bY j�uIsdi�ion to conseitute a nniform set�ri mstrument g P P�Y• � r �.
<br /> ��-- tSNIF�RM CAVENAI�TS.Bamnwer and Leader cavenant and agree as folloa,s:
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<br /> - �� • ' i. Fay�cnt of Pr3ndpal aad Interest: PtepaYmwit aaa Lete�'t�gc�. �souowcz �uw.[n �•r.�i '" "" , ,
<br /> ,��� princIpal of aud Inter�.sc on the debt�videnced by the Note and anY PrePaY�t�late charges due�der the Note. �.
<br /> - z:<.,< . �.Faads fas�Tages sued�nsn�ectse.Subject tn applisable taw or to a written waiver by Lender,BoAOwer shall pay to
<br /> Lender on the day monthly paymenu are dne nndet the Note.nntil tlise Note is paid in fuli,a sum t'F�nds'j for.(a}yeatiy taxe.s Y. -
<br /> rt�, , and assessmenta cvhich may attain prlority over this Security�nstniment as a lien on ihe PropertY:(b}Yeazi3►leasehold payments 2` ,`
<br /> _ `.',r .� ur gcuund reats aa the ProPertY.if any:(s)YearlY I��d or property ins�trance premiums:(�YeariY flaod Insurance gr�mivms,
<br /> -� - ."��<.,`"- if any,(c)YearlY mortgage insurance Premiums.if a�Y:aad tfl�l►�FaYable by Borrawer to Leader,ia accordance with
<br /> . ttte provis'sons of Qatagrapfl 8,in IIcu of the paymestt of�nartgage in.s�ttanee Premiums•These iiems are calt�d°Fscrow Items.' _;�_�
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<br /> I,ender may, at any time. collect aad hold Funds in aa amount aot w exeeed the maximum amount a tender far a fedeialSY ;"'_.,;:`.,:
<br /> . ,<. related mortgage toan may require fmr Borrower's escrow accouat under the federal Real kstate Sealement Procedure.s Aa of
<br /> - , .. s''� l974 as ameaded from ti�to time,12 U.S.C.Section 2601 et seq. ('RFSPA°),imIess aaother law that applies to the Funds , G ;'
<br /> . sets a iesser amount.If su,Leader inay. at a�►time.rollect and pold Funds in aa amount not w exceed the l�ser amo�mt. :�k- .
<br /> L�ender may estimate the amount of Funds due aa the basis of wrcent data and reasonable esdmates of eapeaditums of fiitu� . - .:"«•
<br /> -. . • ;, `- ' ' Escrow Ite�as or otheiarise in accordance with applicable laar.� �.�_,�'�
<br /> ' Y' ;• The�uads s�aU be held in an Iastitution wiiose deposits aie insured bY a federal.aSencY� ins�amental�tY. or e�ity �r .:
<br /> - r� , the Funds to the
<br /> . t ;;_�` �'; (iucIuding Lerider.if Lender is such an institution)or in any Federal Ho th Funds,annuaIIY anatyzin8 the eserow acGOUnt,or 'f. .
<br /> �.�� . Esetow Items.Ixndea may not charge Bonower for holdinB�aPP?Y�g ,
<br /> . � .�:� velrifying the Fscmw Items.unless Leadea pays Borrowea mteresi on the Funds and app�bie Iaw penqits Leader ta make sach �r`
<br /> � . a charge.However.Leuder may require Bormwes w pay a one-time charge for an independeut res►1 es"'�:.e tax tePoning semce �,�j.::
<br /> ..�:t,.:.. � . ased by Iandei in conneaion with this loan. untess applicable law provldes othernise. Uniess aa agreeraent is made or �.�,{:_
<br /> �-� applicable taw requires i�terest W be paid.I.erider shall aot be iequired to pay Borcower any Interest or eamiags oa the Funds. � �
<br /> ....`.°..'.'`�.`'� Borrower and Lender may agree in writing,however,that intecest shall l�e paid on the Funds.Leader shalt give to Borrower. � ,:
<br /> - . � wIthout charge.an�.nnaal accouating of the F�ds.showing eredits aad debits to the Fuads and the pnrpose for wJuch eacb ��: �._;
<br /> •� � debit to the Fands s�as made.The Funds ate pledged as additional security for all sums secured bY this SecarIry Insuument. �,.L _l
<br /> , ' � ' If the Funda held by 3,.ender exceed the amaunts permitted to be fleid bY aPPlicable iaw,Lender shaU aceaunt to B�aawer
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<br /> , , ��.�. � for the excess Funds in ar.00rdance with the requirements of applicable taw.If the amount af the Fuads he18 by l�ender at m�y -
<br /> "•:°� ', �'=�' time is�ot sufficient to PaY the Escruw Items whea due,Leader may so notify Borrower an writiug,aud,ia such case Sorrower s=
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<br /> � � ' shall pay to Leuder,the 8mount necessary to make up the deficiency.Borrower shatl make np the d�flc�ency in no more tban
<br /> - twelve monthlY Pal'ments.at Lender's so2e discreuon. -_
<br /> ' tlpon payment.in full of ali sums secured by this Seauity Insuument. LenBes shall prompdy cefuad to Borrower any -:
<br />- _ �. • � PY�ncts 1�e2d by L�ender.I4,under paragraph 2l.Lender shaU accNire or seA We Propercy,I�uder,prlor tb tt�e acquisition�ar sale --
<br /> •� of the froperty,shall apply anY Funds hetd by Lender as the tlme of acquisition or sale a�a cmAit against the swns s�bY ,_
<br /> . , this Security Instcumea� �:'_',�;`:
<br /> �� '•� _ � 3.Appllcadon of Payme�•Unless applicable law provIdes otheewise,a11 payments rece�ved by Leader under patagraghs
<br /> ' - 1 and 2 shall be applied:4'irst,to anY prePayment charS��e under the Note; secand,to amounts�payable under.paragraph 2; �
<br /> . . tbird,to interest due;foisrth.to prSncipai due;and last.to aay late charges du�under the Note. �
<br /> _ ��:.:, 4.Cha�ges:Lieng.Boaawer shall pay all ta�ces,assessments,charges,fines and�...."'�4sirions amiButable to the Propeny =_--
<br />= `:..' whic3i may.attain prtority over this Securiry.Instrum�at, and leasehold payments or graund rents, if any. Borrower shaU pay
<br /> -;. ;;'�� .��� ,�';.. these obligatioas in che manner provideA in paragraph 2.or if not pa�d ia chzt manaer.Borcower shaii pay[hesa on,time directly
<br /> . . to the tson owed a ent.Bortower shail pm�tly fnm9sL to l.ender aii norices of atnoants to be paid under this par�gtaPh• �` ��. :
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<br /> If Boaower makes these payments directJy.Borrower shall pmmpdy fumish to I.ender receipts evidencing the paymeats.
<br /> � � . � - �Boaower sha11 promptty discharge any tien whi�b has prtorlry over thta Securiry lascmment tmless Borrower:(a)agrees in _
<br /> _�• , �': . writing to the payment of the obligation secured by the lien in u maaner acceptable to i.ender;(b)contests in good faith ttie lien � . .
<br /> : � • by, or defends against enforeement of the lien in,legal proceedings wiuch in the Lender's opinion operate to prevera the
<br /> � ' � ' enforccment of the�:ea;or(c)secures from the holder of the lien an agreement satisfactory to Lender subordinating the lieA to� �
<br /> � � � th;s Security Instrument. If Lender determines that any part of the Property is subJett fa a lien which may attain priarity over
<br /> - � � this Se�urlty Iastrumeat.Lender may give Borrower a notice identify3ng thc llen.Borrower shall satiafy the lien or take oae or
<br /> `�" . more of the actions set forth above within 10 days of ths givia$of notice.
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