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<br /> �' (. 5 1��.�.� TUGEfHER W1T�I all the improvemeats now or h�erected on the ro and all easemeau.appurr�uxs,and � .
<br /> _,�.:°.* . �� P P�Y• .
<br /> _ '.' �m�r�s now or heteafter a part of the gropenY. All :eplacemeats and additions shall also be oovered by this Securiry `a`�" � -
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<br /> �� Insttument.AU of the foregoing is ieferred w in this Security Insaum�nt as the , - `.'
<br /> �ProPertY-'• � _
<br /> :�`�,,;_.. _ `�•-:;.', BORROWER COVENANTS that Borrower is lawfulty seised of the�state hereby canveyed andt�as the right to grant and <�' `.
<br /> ;:= - .` .`:� . -- a con`rey the property and tltat the Properry is ime�wmbered,exc�t for encumbranoes of record. Borrower warrants and will .<<:_;
<br /> -`�'�: ' •' �, � � ' defend generaIty the dtte tu the Propeny against all claims and dem�ds.subject w any ena�mbrances of i�rd. � c .�: .
<br /> ;:� ena m
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<br /> —:��f - _. l� THI.S SE�URITY INSTRUMENT combines unifotm oovenants for national use and non-uniform covenaats wi t h l i m i t e d �'�
<br /> ' - � vuiatioas by jurisdicdon to oonstitnte a nniform security i�tr�nt coveriag tea!Fmp�Y• � -
<br /> 7�i = <�' UNIFORM COVENAIJTS.Baaower aad Leader cove�nt aad agrae as fa]Iows:
<br /> ��`;�~ - � � 1.Pgymeat of Rindpat aad Ini� Pr�a3rmeat aad Late Chargcs. Bormwer shall prompdy pay whea due the ,
<br /> . f���.� �, ` `.<' ,. � aad late cii es due under the Note. , .
<br /> x� p:incipal of and interest on the debi evidenced by the Note and aay Piepayu�t arg
<br /> .;'�,;�`:= .. .� :,:s. .�. ..: � Z.Ytondg for Tases and Iasusance. Snbject to applicable law or w a wrluea waiver hy Leader,Bormwet shall PaY� :.`��;;i:.
<br /> s' ,�� - .:< ° � Iender aa the day mondily paymeats are due under the Note,�mn'1 the Note is paid in fiill,a sum('Fua+ds7 f o r.(a)Y�Y�� ` �
<br /> ;�.�: _ � �' and a�ts which may auaia priariry over this Secauiry Inst�ument as a liea vn the Pmperty;(b)Y�3►,���qQ��iysold .
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<br /> �4�,y. or grouad rents oa the Pragerry,if anY:(c)Yeazl�►Lazard or PmPerty+insuranoe premiumc;fd}Year1Y t7po�t'i�`�..� ,;, .. .a ,::r�
<br /> ._;,; ' - i f a n y; (c)Y e a r l y m o s t g a g e i n s n r a n c e pseraiums, if a�r;aad(�a n Y s�s PaYable by Borrower w I:endy�,.in.ac�a r,;,y t :<'-.-:
<br /> - =�i� r:: y . - the provisions of paragraph 8.ia liw of the payment of mortgage insurance premi�s.These it�are called'Escca'vt►i�e m s• �'�:��-.
<br /> �Y'_���',` - . - I�nder may,at anyr time,coltect and hold Faads in an amoant aot to eaceed the maximum amou}�t�I�er fds� _�F
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<br /> . . related morcgage laan may myuire for Botmwer's escrow acconat under the federal Real Estate Se,ttteme�ix'Procedii�e���
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<br /> ..,_'.`� , � � t-. 1974 as amended from time to time, 12 U.S.C.Settion 2601 et seq.( RESPA').emlesg�other laa►that applies W the Fw�da �.<<. .
<br /> . ' • sps a lesser amount. If so, Lender may, at any time, collect and hold Fw�ds in aa amowu nflt to exceed the les�er ammm� � �.. ,
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<br /> . �T+�-:ra:.`�=� `. . ': .:.-�. IRnder may estimate the amomu of Funds due on the basis of aurent data and reffionable estimates of e�cpenditures of fiiture . -
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<br /> "-4��;' , ` F.s�rov�r Items or othera+ise in aocordancc with applicable law. ;��.
<br /> "{�_�:`: �. -•` `_ The Funds sHall be held ia an iustiturion whose deposits aze insured by a federa! agency, ins�unentality, or enriry
<br /> `:�'1��,_ � � � (includ}ng Lender,if Lender is such an iastitution?or im any Fedeial Home Loaa Bank.Lender shall apply the Fnnds to pay the
<br /> . ,�'�:' � � g ! ' the Funds,aimually anatyzing the escrow acoount.or
<br /> . ,�.�;� _._.,:.... _:::„� � Fscrow Items.Lender may not charge Borrower for holdin and aPP Y�g '.�,`
<br /> .�,;.;�`'t-:- � .. v�8 che Essiow items,unleas Lender pays Soaower interest on she Funds aad applicable law permita Lender to ma�e s�uh ';,�r=-
<br /> ' � . . :_ f a charge.Howevet.Lender may iequire Borrower to pay a one-time charge for aa independent real estate tax reporting service =.; :-.
<br /> :;��;;-: . ; : . _. used by Leitder ia wnnection with this toan. wiless applicable taw pmvides otherarlse. Untess an agreement is made or -
<br /> : :��� :<.,, � :;,..� aPpiicable laa►reqnires iatet+est w'be paid,I.ender'shall not be required to pay Barrower any interest or eaznlags on the Funds.
<br /> ..,.A�,,•'�> Borrower and Lender may agree in wririag,however. that iuterest shall be paid on the Funds.I.euder sball give w Bonower,
<br /> �: : ; ' � withont cl�arge. an a�mual accounting of the Funds,showing credits aad debits to the Funds and[he putpose for which each : �
<br /> ''-.'i°;:`• ` debit to the Fuads was made.The Funds arc pledged as addidonal securiry tos sU sums secured by this Secauity Tnstr�mem.
<br /> �:�i. Lender shall account to Borrower ° '�
<br /> � .' lf the Fuads held by Lender exceed the amounu permitted to be held by appiicable law,
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<br /> • z�-�( � . � for the eucess Fundg in accordance with the requirements of applicable law. If the amount of th�Funds held by Leader at any
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<br /> „ � timc is rrot sufficieut co pay the Escrow Items wh�due,lxnder may so aodfy Borrower in writing,and,in such case Borrower
<br /> t�;',:: � . '. .` � shall pay to Lertder the amoun[necessary to make up the deficiency. Bonower shall make up the de frciency in no more t han
<br /> R:_;;',.�� • ��. twelve monWly paymenu.at Lender's sole discretion. •
<br /> ,. ,'�•�:'.;.�_ . Upon p9yment in full of all sums secund by this Securiry Instrument, Lender shall proarpdy nfund tv Bosrower any •
<br /> �•r; � Y b acquire or sell the Pro �I�
<br /> �.�:; .-:�:' � �. Fuads held b Ixnder.If.under paragrap 21,Lender sha11 perty,Lecder,Prios to the itton or sale ,
<br /> �.,�';:-:. '. •. of the Property,shaU appJy any Funds held by Lender at the tlme of acquisition or sale as a credit against tLe sums secvred by
<br /> , �.��".,...: � . � � :� this Security lttstrument.
<br /> ,•,,t:'..�.. � " - 3.Appltcattan of Paymenta.Unless appllcable law provides otherwise.all paymcats received by Lender under paragraphs
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<br /> ' � 1 aui12 shaU be apptied: fust.co any prepayment charges due under the Note;second,to amounts payabTe uuder paragraph 2;
<br /> � V� � � third,[o interest due:fourth.to principal due;and last,w any late chazgea due ander the Note.
<br /> `;�•�-:; . 4.Char�es: Uea9. Borrower shall pay all aanes,assessments.charges, fines and impositions aaributable to the Propetty
<br /> �� ��- °.;:.'' � . which may attain priority over this Security Tnstnnnent, and teasehold paymeats or ground rents, if any. Borrower shal!pay
<br /> �� � �� � these obligations in the manner provided in para�rraph 2,ar if not paid in that manner.Borrower sball pay them on titae directly
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<br /> ''•`" ' . ' � to the person owed payment.Borrowet shall promptly fumish ro l.ender all nodces of Funounu to be paid under this paragaph.
<br /> 5.,.:..'�:
<br /> .,�..::,�• .. lf Bonower makes these payments direc[ly,Borrower shall promptty fumish to Lender receipts evidencing the payments.
<br /> •�• � Boaower shall promptty discharge any lien which has priority over this Sec�rity Instrument uatess Borrower:(a)agrees ia
<br /> ��i .r` � writing to the payment of the obligation secwed by the lien in a inanner acceptable to Lender;(b)concests in good faith the lien
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<br /> , •;... . , by, or defends against enforcement of the lien ln, legal proceedings which in the Lender's opinian operate to prevent the •.
<br /> �� • � � ' � . enforccment of thc lien: or(c)secures from the holder of the lien an agreement satisfaccory to Lender subordinating the lien to
<br /> L';�.c� � • . this Secunty Instrument. If Lender determines that any pan of the Property is subject to a lien which may attain priority over
<br /> 1': '� �. . this Security Instrument, Lender may give Borrower a noiice identifying the lien. Borrower shali satisfy the lien or take one or
<br /> •# � '� more of the actions set forth above within 10 days of the giving of notice. •
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