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<br /> 'i�0(3E'THER WFfH all dse impiovemeais nnw ar ftereaRcr etecued on the pmperty.and atl easements.appurtenaaces.and :«�,•
<br /> �.�:.��`.��' , fixtures now or hemaftec a parc of�he prapetty. All replacemeats and additians sh�il also be caver� 6y this Security _ - ��
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<br /> tnstrument.All of the foregain�is referred to in this Security Instnuneat as the°Propercy' ,N,
<br /> BORROWER COVENANTS that Borrower is IawEally seised of the estate hereby caaveyed and has We ri$ht to grant and . �,�,� .� .
<br /> ��5 ,'� convey the PtoP�rt3'and that die Propercy is unencumbered.except for enaunf�ranoes of recard. Somower wanants artA tvilt
<br /> °.. • nst all claims and demands.subjecc w any encum6rances af rerord. , c f
<br /> , - �„�. defend genesally the title to the Prop�ty agai . ,
<br /> ��: � TI�S S�CURTI'Y INSTRUM�NT cambines uniform coveuants for mtianal use and aon-uniform oovemnis with limited
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<br /> - variations by jurisdiction tu constitute a nnifo=cn seca�ity' co�eri�� P�F�rtY• << ' V
<br /> , � � 1JMFORM C4VENANTS.Borrower and Leader cov�nant and ag�a�follows: a wh�n due the ` `` p
<br /> • 1. Papm�t o f P r i g dp a l an d I n t s�t; Y�e P a y@ e a t a n d L a t e C h a r g e s. B o r r o w e c s h a U p ro m P�Y P Y . °�`,:'.:.'
<br /> ,:;-.':;`:•..:,`.`.'; ' princi�l of artd inierest oa the debt evidenced by the Note aud anY P�Yment and late ch�r8es due under the l�tote. ��''-;si,.
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<br /> �+ .;',, := Z,Funds far Taxes and In�vsanc�Subject to appficable taw or t+o a written waiver by Lender.Borro�cver shall pay to . �.�-
<br /> ' `.:` , I.ender on ihe day monthlY PaYme�s�e d�e under ti�e Note.unril the Nate is paid ia full,a sum("Funds")for.(a)yearly taaes ':� :: _ .
<br /> _ ', � , " ��s�essments which may susin priarity ov�r this Security Insuument as a lien on the Property;(b)Ye�JY leas�hold paym�nts . ���_.:
<br /> . � .� . or ground rents on the Progerty.if any:(a?Y�Y��or P�P�Y insuiance premiums:(d)Year1Y fload imurance premiums. i}`�-;_._i:-
<br /> � if any; (e)yearly martgage insutance premiva�s.if anY�and(�any sums payable by Borrower to I.euder,9n siccordance with
<br /> =';�`f ,' �. ,��`,..��":c We pmvisioas of ParagraPh 8.in lieu of the payment of martgage insurance premiums.These items are called"Escrow Items.° � ".::-.=;
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<br /> . •,.',,z... �; Lender may,at any time.collect and hold Fuads in an amount nat ta exceed the maximum amount a lender for a feQeaa![y • .�,-:
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<br />,'.:�$�'";.� ; � related mortgage loan inay�reqnire for Borrower's escrow accaunt under the federal Rea!Esiate Seulemenc Procedures Act of. _____.
<br /> . 1974 a's ame�de8 fram dme to time, i�U.S.C.Section 2601 a seg.(°RFSPA"),unless artother.taw that applies to the Funds ��?`�
<br /> ' �z �• `� sets a tesser amoum. If so.Lenaer may.at any time,ooliect and hold Funds in aa amount not to exc�xd the[esser•azaonnt. �
<br />_ --':<.:'''. I.eader niay estimate the aawwit of Fands clue on tl�e basis of current data and�easonable estimates of expenditures of future :,
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<br /> ,. • `'��,� �?scrow Items or othera+ise in accordanoe with appncable law. -��`�`-�
<br /> . � ' � T6e Funds sttall be held in an institution whose deposits are insureA by a federat agency. instr+imentality. or entity . ,.":;•
<br /> • � : :'�° ; iacludIn Lender,if I.eader is such un institution)or in a�r Federal Home Loari Bantt.Lender shail apply the Fand�to pay ttie •
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<br /> :` '°� .` . Escrow Items.Leader may not charge Ho�ower for hotding and applymg the Funds,annuatly anaIyzing the escrow accoant,or
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<br /> : .� . ... � verifying the Escrow Items,miless Lender pays Bornnwer interest on tbe Funds an�applicable IAw permits Lender to make such •
<br /> =' " a.charge.However.Lender may reqnire Borrower to pay a one-timB charge for an indepeadent real estate tax reportiag senrIos
<br /> `'` ' � , :s used by Leader in oonnection aritb this loan. unless applicable Iaw pnovides othetwise. Unless an agceement ia m�de ar --
<br /> " "; appiicable 1aw requires imerest�to be paid,Lender shall rmt be mqnired to pay Borrower any intemst or earnings on tBe Fands• ' ;.,,
<br /> '„�°�; � Borrawer and Lender ma y a g r e e in writing.however,that insemst sha11 be paid on the Fuuds.l.ender shall give to Bompwer. �:.
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<br /> � ' • ' without charge,aa ann+�a1 accountinS of the Funds, showlag credits and debits to the Funds and the purpose for whlch each �:,_..•,
<br /> • ' ' � debit to the Funds was made.'i7�e Funds are pledged as a�ditional securiry for all s�nns secured by ttus Secarlty InstNment• �•.>
<br /> If the Fuads helc�by Ixader exceed the amounts permitted ta be held by applicable law,Lcnder shall account to Borrawer � '_ri��„s�
<br /> ' ` :c for the eacess Funds in accordance with the requtremeats of applicable taw.If the amaunt o f t he Fnn d s h e 2 d by I x n d e r a t e ri y � ��-_:
<br /> ' . . • • time is not sufFcient to pay the Escrow Items when due.I.ender may so notify Bonawer ia�vritirig,and,ir►sach case Borrower -�-°.�;
<br /> shall pay to Lender the amaunt necessary to make up the deficiency. Borrower shall make ap the deficiency in no more thaa ��`'
<br /> � '' twelve monthJy payments,at Leader's sole discretian. . =?�'�=
<br /> , � ' . �� Upon payment in fuli of all�sums secured L�this Securiry Insuvmer►t. Lender shall pmmptiy refand to Borrower any �•,•'Y.J-
<br /> . Fands hetd by I.ender.If,under paragraph 21,Lender shall acquire or sell the Property,Lender.prior to the acquisitioa or sale _.E�p:
<br /> . �� •• of the Fn�perty,shall apply aay Fur,�s held by Lender at the time of acquisition or sate as a credit against the sums secured by
<br /> .. � . �
<br /> this Secarity Instrument.
<br /> . ' � . 3.Applicatton of Paymennts.tlnless applicabte!aw provides otherwise.all paymenis received by Lender under paragcaPhs __-
<br /> � � ' `� l and 2 shall be applied:first.to any prepayment charges due�ander the Note:second,to amounts payabte nnder paragraph 2; t -
<br /> third,ta interest due:fourth.to principal due;and last,to any late charges da�under the Note. _
<br /> 4.Charg�;LiYUS.Borrowcr shall pay all taxes,ass�ssments.charges, fines a n d impositions attd bu t a b le t o t he P r a p e rt y
<br />_ . •.,� •_ Y0. , -
<br />-�< . .'����; ° ' ' which may attain priority over this Security Instnunent. and l�sehold payments or grouped r e n t s, if any. Borrower s�aal pa y
<br /> -� ' �'��'` � . . ,: these obligations in the manner provided in paragraph 2.or if not paid in that manner,Borrower shall pay lhem on ume directly
<br /> • �. • � to the person owed payment.Borrower shali pro�stly fumish to I.ender all notices of amovnu to be paid under this patagraph. .
<br /> ��` ' If Borrawer makes these payments directly.Borrawer shall pmmpily fumish to Lender receipts evidenci��e paynlents. .
<br /> ` • � : Horrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a)agrees in
<br /> •'.°� � wdting tn the payment of tho obligation�ecured by the lien in a mamtet acceptable ta LencLr:(6)contests in good faith the lien , � .
<br /> " � � . by, or defends a�ainst enforcement of the lien in, legal proceedings which in the Lerder's opinion operate to prevent the ''
<br /> � � enfarcement of the iien:or(c)secures from the holder of the tien an agraement satisfactory to Lender subordinating the lien to � ,.,�
<br /> � , this Security Instrument. If lxnder determines that any part of the Property is subject to a lien which may attain priority over '
<br /> � • this Securiry instrucnent.1.ender may give Borrower a notice identifying the lien.Borrower shall satisfy the lien or take one or
<br /> '_ �� ', more of the actions set forth above within 10 days of the givi-�of notice. ,
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