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<br /> . • . , 'I'pCiETHBR WITH all the improvem�nte now or hereAfter erecced an t1►e property,ancl aIl ensementa.appurtenxncea.� '�•:�:='".:�";ti
<br /> All replacements aud additions shall also be covered by thls Secur�ty ���:,�,,,�,__
<br /> � fixtuses n�w or heteafter a pare of the property• -•:,����_
<br /> Instrument.All of the foregoing is referred to in this Secudty Instcument as tl�e"Propetcy."
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<br /> BORROWflR COVBNANTS d�at Boni we�r i�1a�w���y c��p�ffor�encumb a�uxs of recorcl�Borrow x wgh�nGgnndt W��� ,
<br /> convey the Praperty and that the Property
<br /> defend generally the dtle roSTRUM NT combines uaifonn ove�wi►ts for nat o�nal use xncl nont uniform covenuntx wid��imited .�`�
<br /> THIS SSCURITY IN . --
<br /> variatlons by judsdicdan ro Gonsdtute a unifocw securlty ins�rumen��°���nB real property. .L.-:_�"
<br /> �{ UNIFORM COVIiNAN'TS.Honower and 1.onder covenant And agree as follows: ,. ._,
<br /> '• 1, p�yment of PrinclpAl and 1nte�'e�� �Ay'm"t and Late Chtu'QPS. HorcpWer shall pramptly pay when due the __ _,
<br /> re a ent aixllate charges due uucier tl�c Note. .,._:��
<br /> ..�+''s'�'"f'# princlp�l of and interest on the debt evidenced by thc Nou'ana le law ar to a wrltten waiver by Lender, Donower shall RaY �a �,V-
<br /> " " '"'�` ' 2, FS�ndg for Taxes and InsurAnce• Subject to app _,
<br /> '+ ents are due under the Nate. undl t�e Nute is paid in full,a sum C�'�1 l�easeho d PaY��°� _.
<br /> ., L.euder on the day monthly PaYm _R
<br /> ? and assessments wbich may attain prioriry over this Securiry Ingtnuaei uurance p emlwusr(d y�arN)flood insurnnce Pnmiumy, —
<br /> j or gtound cents on the Property,if any;(c)yearly hazard or properry
<br /> ` if any;(e)Y
<br /> early mortgage lusurance premiums,if any;and (fl anY sums ParemliumsBThese ite►us aredcalled"Bscrow�Iceems�" � _.
<br /> the p�ovisions af parxgrap h 8�i n l i e u o f t h e p a y m e n t of mort ga ge insurance p
<br /> Lender may. at any t1me, collect�and aonower�'s e ow account�under the federal Real$u Sotdemen t�P rraceduns A c�of
<br /> • r e l a t e d m o rt g a g e l o a n m a y �1� lies tn the Funds
<br /> " 1974 es amendul from time to time, 12 U.S.C. Secdon 2 6 0 1 et seq. ("R B S P A"),u u l e s s a n o t h e r l a w t h a t a p p
<br /> �' sets a lesser aznount. If so, Lender may, at any time. collect and hold Funds in an amouut not to exceed the lesser amount.
<br /> � Lender may estlmate the amou°t af Nunds due on th�ba�is of current data and reasonable estimaus of expendit�res of future
<br /> Bsctow Items or otherwlse in accordbuce wlth appllcable law. ���eA��y, oI Cutity —
<br /> �'' � The Funds sha11 1�e held in an institudon whose deposits are insured by a federal agency. I �e Fwsds tn PaY the
<br /> zi the oscrow accaunt,or
<br /> (including 1�ender,if Lender is such an Insdtution)or in any FederallHnme�I.oF B����y a�p�p y
<br /> ^�.� Bscrow Items. I.ender maY not charge Bonower for holding ar►d app y 8 �;�ble law pern�its Lender t°me1�e s►�ch
<br /> " verityin8 the Bscrow Items,un1esi�ao ow r to pay a onc-time 6 genfor an dependent real esu►te taa repordu8 s�T"��
<br /> a chuge,However, Lender may �1 licable law provides otherwise. Unless an agreem�nt is m�e or
<br /> '�' �d by Lender in connection vc+Ith this loan, unless app' Borrower any interest or earninge on the Pwuds.
<br /> �: ve to Borrower,
<br /> applicable law requires interest to be paid,Lender shaU aot be requir to pay
<br /> Bonower and 1-.ender may agree in writing.however,tLat interest shall be paid an the Funds. 1.encler s�� for which each
<br /> � wit6out charge, an annual a�countin8 of the Punds, showing credlts and f b�l sum�se��by�this Security Instrument.
<br /> � debit to the Punds was made.'1 ue Funds are pledged as addidonal security
<br /> Lender shali account to Borrower
<br /> If the Funds held by lxnder eaceed ihc i��wii�P��� li ble law.VIf the;amoun o�f the Punds heid by I.encict at auY
<br /> for the ezcess Funds in accordance wlth the re4uinments of app
<br />_ tinu is not sufficient to pay the Bscrow I[e��e upe��deficie�nc S Bo weBr�shall e1make nP the de�ficiency n no on�
<br /> . shall pay to L.ender the amount nece�sarY y —
<br />= twelve monthly payments,at I.ender's sole discredon.
<br /> � Upon payment in full of all sums secured bY this Security Insuument, Lender sh�1�pei p��Y= o�acquisiu'on or sale
<br />_ '„ Funds beld by I.ander.If,under paragraph 21,T-ender shall acquire or sell the Property,
<br />� of the Property,s1�a11 apply any Funds held by I.ender at the time of acquisition or sala as a credlt against the sums secured by
<br /> " tbis Sec�rity Insavment. ents received by Lender unda pa�BreP�
<br /> • 3.Application of PaymentR.Unless applicable Iaw provides otherwise.all paYm �2�
<br />- 1 and 2 shall be applie.d: first, to any prepayment cliarges dne under the Note; second� ta amoutus Payable under paragcap
<br /> � tLird, ro interest due;fourth,to principal due;and lust,to any late charges due under tbe Note idons attributable w the�'mP��Y
<br /> � 4.Chargesi Uens• Borrower shall pay all taxes,assessments,charges,c�go�� �n�� if any. Borrower 1�a11 pay
<br /> ' w6ich may attain priority over this Securicy Instnune�t.oa�?f l���ddn thac manner,Borrower shall pay them on tirae ditectly
<br /> tLese obligaaons in the manner provided in parab*caP
<br />_= to the person owed payment. Borrower shall promper sha�ll sromptlyn�furn[s1�o Lender rece Pts evidencin8 the paS'm�n�B�Ph.
<br /> = If Borrower makes these payments direcdy,Bonow P
<br /> '- "` Borrower shall promptly disch:uge any lien which has priority over this Securlty Instrument i�e�sess�o gw�f����en
<br /> � writing to the payment of the obligatlon secured by the lien in a manner ecceptable to I.ender;(b)
<br />-" t by, or defends against enforcement of the lien in, legal proceedings W��cent sat sfactoryeto Lender subordinadng the lien tu
<br /> eaforcement of the lien;or(c) secures from the Uolder of the lien an aSree is subject to a lien wlrich may attain priority over
<br /> �� � this Security Inst►vment. If Lendcr determines tbat any part of the Property�
<br /> - ' i tius 5ecurity Instrument,Lender may give Borrower a r.otice idendfying the lien.Bonower shall satisfy the lien or take one or
<br /> �. more of the actions set forth above within 10 days of the siving of nodce, Form ao � __
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