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<br /> ' `��'`� ` 1'dOHTHER WITH all tha iraprovemente aow or hereafter es�cted on the propertg. and atl easemeats, s
<br />.<�;.� ��_:`�>; - BPP��►ces„and fixtures now or Le�fter a part of the prop�rty.All repIacemeats and additioas shaall also be cover�
<br /> . . by thia Securitp I�astrumen�All of the faregaing is referred to in this Securitp Iagtrument as the'Propeitq�.' ,
<br />_ , BORRO�TIER COVENAAFI`5 thaE Borrower is�awtul3y ceised af the estate hereby wnveyed and has the right `. �.. .�"
<br /> :. . : . graat aad convey�the Prap$rty attd that the Prnperty is uaec►cumf�ered,escept for eacumbraaa�of record. Borraw� � .. �t`
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<br /> _ cvartants and Nill defend general(y the title to the Property agaiast all claims and demands.sublect to eay encumbraace� t
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<br /> , `W� THIS SECLJRITY INSTRUMENT combines wiiform cwvenants for natioaal use aad nonvniform covenants wit� � � }� _�- `_
<br /> . limited variations by jutisdiction to cosistiwtea uniform security instrument covering real property. � �
<br /> iJNIFORM COVENANTS.Horrower and Lender covenaat and agre�as follow� a �.,�� '.�; �-=.
<br /> �`_`�-`� . : l.Paymea�t of Principal aad Iriterast;Prepaymeat ead Late Charges.Botmwer shall promP�Y PaY when du�
<br />' �. .:`,. . ;- the principal of sitd intetest on the deisi evidenc�d bp the Note and suy FrePaymemt and lata charg�s due under the I�TO�tep� �� ,�:.�;•:.-. :..;�:,;�:
<br /> ?`�.. 2.Fuads foz'�'ases and Insaraace Subiect tb epplicable law ar to a written waiver by�Lender,$orrower shali" � '-'�_
<br /> y to Lender on the dag ntontf�ly pay:nents ere due einder the Note,until the Note is paid ia full.a sUm(°Funds")for. `` "
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<br /> ta)yearly tases and as,sessments which may attain,prioritq over ttus Securlty lnstrument es a liea oa the Property;(b? L =
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<br /> �;�� _ . yeaslq feasehold�qments ar gcouud s+ents on the Property.if eay:(c)Yea�'Iy hazard or property imsurance premium� � �:�,._
<br /> °� (d)Year1Y flaod insurance premiums.if an�;(e)Yearly mortgage i�s�rance premiums.if aay;sud(f)anp sums papable <. , :�"'-= -
<br /> . . by Hunowes ta Lender.in axordaace with the provisions of ParagraPh 8.in lieu of the payment of mortgage ia�stce • . _ -
<br /> . , . preiaiw�as.These itema are calted"F.scrow Itsms."Lender snay,at auq time,col2ect arnd hold Fustds in asi amouat aat . � " --
<br /> . .. : to eaceed the masimum amouat a leader_for a federallp related mortgage loau map reqnire for Borro+�s esccow <-,���;��'
<br /> ` : acoount under the federel Real Fstate Settlement Prncedures Aet of 1974 as amended frnm time w tiiuu� �.U.S.C.. ` � �.
<br /> ' � Sectioa Z601 et se,q. ("RESPA°f.untess anott�Iaw that agplies to the Funds sets a lesser amoun�If so.Lender mag,
<br /> at aup time,coUecc arid hold Funds ia aa amouat not w eaceec!the lesser asno�sa�Leader may estimate the amount of � ' -__-_
<br /> _` �� - �� Y Fuads due oa the basis of curreat data aad reasoaable�timaUres of espenditm�es of future Escrow Iteras or atherwise iri � �_;,;,�_-'"":;:_:_ - -
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<br /> ;-° � �� - :;�� acchrdance with appticable�aw. ' <...
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<br /> ; The Furtda shall be held in an imsritution whose deposits are insured by a federal agency,irtstrumentality,or er�tity _j __
<br /> -`.�' (including Lender.if Leader is euch aa iaqtitution)or ir►anq Fedett+l Home Loan Baak.l.ender shall agply the Funds to _ _---_-
<br /> . pay the Fa..row Ttems.I.euder may rtot cbarge Borrower for holding and agplying the Fua�annuallp analyzing the � __ _
<br /> , escrow accoun�or veriiyiag the Escrow heme.uAtess Lender papa Borrower is►terest sn the Fuads aad applicable law . __
<br /> �_ permits Leader to:nake sucb a charge.However, Lender taay require Borrowet ta paq a one'time charge for aa � ---- __
<br /> indepeadenR real estate ta8 reporting service used by Lender in connection with this loaa,untess applicable Taw provides ..� . . _
<br /> . .� , othenvise.Unless an agreement is made or appticable law reqvires interest to be paid,Lender shall aot i�sequired to -_ -
<br /> � pay Borrower aay intereat or earnia�on the F�mds.Borrower and Lender may agree ia writiag,however.that inter�s.� ;:°:a�_;��_
<br /> : ' . st�aU be paid aa the Fvads.Lender shatl give w Borrowar,without charga,an annual axounting o4 the Funds.showir,�, :��- _
<br /> � credits and debits to the Fuads and the purpose for cvhicb eacb debit to tha Fuads�vas made.Tlee Funds are pledged as ' -'.:`� � --
<br /> ' � additional security Por all sums secured by thia Security Instromen� � ' �-_
<br />_':� �'%i" ' ` If the Funds held bp I.ender exceed the amounts permitted to be held by applicable law.Lender sLa�l aa;ouat to ���°�'�,---�—
<br /> , '�::' • Borrower for the escess Funds in accordaace with the requuements of app2icable law.If the amouat of the Fuuds hel� , '`•�.�-:"�`��`--�
<br /> � :. . - by Lender at anp 4ime is not sufPicient to pay the Fscraw Items when due.Lender may so aotifq Borrower in writia„ .` . , . -- _.
<br /> and,iA such c�se Borsower shall paq to Leades the amount nec�ssary to make up the deYicieacq.Borrower sbal��r+.a� . ru:;��:_�-
<br /> �' : up the deticiency in no more than twelve monthly paymeats.at l,ender's sole discretion. . `'�
<br /> � � . .• � Upon payment in full of a11 sums secured bq this Security lnstrumeat,Lender ehall promgtty refund tc�Borrower ' : �-s��
<br /> . � • ,: any Funds held bp,Lender. 1f. under paragrapb 2l, Lender shall acqu'ua or seU the Property. Lender, prior to the ., : _
<br /> ... acquisition or sata of the Property,shall applp anq Funds held bq Lender at the tsme of acqwsttion or sale as a credit. . � _
<br /> against the sums�red by tl�a Security Instrument. � . .• :;;'�;` - __
<br /> fi�. � 3.Application ai Peymenta.Ualess applicable 1aw provides otheswise.all pa;vments rereived bq Leader under ' '� ,
<br /> ��- '� ; �` paragaph�1 and 2 shail be applied:first,to any prepayment charges due under the Note;second,to amounts payable ;` ,.� � �• ,�
<br /> uader ra h 2;third�w interest due;fourth.to nnci al due;and last.to an late c �."�- c
<br />' �� . pa gap p " p y harges due under the Note.
<br /> � . 4 Cl�arges; d.ieas. Borrower shall pay all tases.essessments,charges,firtes and�mps�.sitions attributable to the � - � -
<br /> � • Property which may attain priority over this Security Instrument,and leasehold payments or gcound rents.if�ay. � . .� _
<br /> . � ; � Bosrower shall gsay these obligations in the manner provided in paragraph 2„or i�not paid in that maarc.'r,Borrower . ,: �
<br /> shall a them on time directl to the erson owed '. . . . �_
<br /> � ,- � ;: � P Y q P PaY�nent.Borrawer shaU promptly fw�nish to Lender all noticee oY �
<br /> rn �:.. '
<br /> ; . . . ' amounts ta ba paid under this par�graph.If Borrower makes these payments directly,Borrower shall promptly furnisb '. .�. � .
<br /> _ • � ta Lender receipts evidencing tha payments. _ � '
<br /> . �orrawer shall pronnpily discharge any lien which has priority over this Securitq Instrument unless$orrower.(a) �.
<br /> � agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender;(b)oontesta iA � '. . � —'
<br /> � . • go�d faith the lien by,or deYends against enforcement of tha lien in.legal praceeding,s which in the.Lender's opinion � � • , •
<br /> . opesate to pravent the enforcement of the lien;or(c)secures from the holder of the lien aa agreement eatisPactory to
<br /> Lead..°r subosdiaating the liea to this Security Tnstrument.If Lender determinea that any part af tha Ptoperty is subject � . � . � �
<br /> - . � . • to a£srn which may attain Fr*_ority over this 3ecvrit�Lnstrumeflt,Leiedar may give Borrower a notice identifying tha � ' . :
<br /> ' . -� 1ien. Borrower ehall satisfy the lien or ta?ce one or more of tt�e actions set forth above within 10 days of the giving o4 � � ' , '"'
<br /> ' • ' notice. �
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