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<br /> �: - -r•`, �TOGEfHF1t WITH aII she improvements now or heceafter erectcd on the ProP�Y•and all easements,appnrtenanoes,and :
<br /> � : .. _4 . fucwres now or heceafter a pa�t of the pmpeity. Ali ieplaceia�tu and additions shall also be covered by this Secarity ` .,
<br /> � • .� -`.• :
<br /> ��° � ,•'�--�` ` .`-•''- Iast�ument Alt of the foregoing is referred to in this Secarity Instrum�t as the° � `.,
<br />--�<�:� ProPatY.°
<br /> �`1�:;s �_
<br /> -- '��� `.` - ' ' ,.�� BORROWER COVE1�tANT'S that Bornuwer is lawfully seised of the estate heieby ooaveyed and has the rigfu w graut aud .�•.�.
<br /> 5`` %r.- `'• ::` conYeS'the PtopectY aud ttrat the Propeny is wnenanmbere�, eace�t far eacvmbr�nces of iecord. Borrower wasants and will �; �•:
<br /> g� • . defend generally the title to the Pmpaty against all claims and dem�ds.sub}ecx w any�brances of reoord. -
<br />�,y�'` • `�� ` '` THIS SECURtTY INSTR U M E N T o o m biaes uni form coveaants for n a t i o n a l use a n d n o n-u n i f o m n o o v e n a n t s w i t h l i m i t e d ��r
<br /> T . ' 1' t ry
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<br /> —��`,°. : , c` `.; . variations by jurisdidion to oonstimte a uniform security insu�moent wvering real pmperty. ;•-.�:
<br /> ---��� :. : � ` � :`Y [TN�ORM COVENAIV7'S. Bamnwer and leader ouveaant and agree as follows: __,_``�'.
<br /> �<"} -- �--- ��_ 1. Pay�neut ot Pr�nripal and Inter�,t; PrepaYmeut and Late Charg�. Borrower shall promPUY PaY wheu due the �_� _,
<br /> "#t ,�.. PrinciPal of and interest on ihe debt evidenced by the Note and anY P�Y�t and late charges due arcder the Note. �
<br /> �� _ 2.F�mds far Taaas and rns�uaace. Subject w applicable law or to a written waiver by Leader,Horrower shall pay tn �
<br /> <,�.�, �f ;�, -�, . ' � I.ender on the daY��Y PaYme�s are due nnder the Note,wuil the Note is paid in fall,a sarp("Funds'�for.(a)yearly ta�ces � ,? `
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<br /> ,�`�, ` �end as.aes���which may auaia priaritY over tLis Serurity Inst�um�t as a lien on the Property;N)Yearly leasehnld FaYments 8 " �; :
<br /> �`�� or grmmd rwts on d►e Properry,if anY;(c)Ye�IY hazaM or pmperty iasarance premiums;(�YearIy Aood"msvrance premiums, (� -
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<br /> `}� _ z ' f if any;(e)Year1Y mortgage�premiums,if anY:� (��Y�PaYable by Bornuwer to I.ender,ia axordanoe with � a .
<br /> .,.�..'�, ��,::�� the provisions of paregraph 8.in�iw of the gayment of mortgage insurance preminms.These�are called"Escioa Items.° � , � ,.
<br /> .i� 1-:-•, • -- ---- —
<br /> —�-r� .. -_--- . Leuder way,at any time, w3tect and hatd Ftmds ia an as�unt aot tn exoeed the ma�cimum amouni a leflder for a federaily --- .
<br /> ,. ;`�;,�� . � ' � reiated mnrtgage toan may require for Eorrowe�s escmw account under the fedecal Real Estate Seule�ent Pmced�ttes Act of
<br /> , �'d.n�� , _ :� � �::
<br /> : 3'••. .'`. 1974 as�ded from time to time.1Z U.S.C. Section 2601 a seg.("RESPA"),anless auother law that applies w the Fands `-
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<br /> • •� � `� sets a tessez aznottnt. If so, Lender may,ai aay time, wltect and hoid Funds in an amount not to exceed the lesser amount. ��:-.• c;
<br /> �:.!�.'!�.:°.� : ' - Lendet may�the atmoimt of Fuads due on the basis of cvrreat data and reasonabte estimates af expendiuues of Pomre
<br /> _.�,,: _,� _= �
<br /> r —' � • Fscnow Itenos or otherwise in acconlance with applicabte iaw. , ,:
<br /> , i.�:` . - •:Y'� 'Ibe Funds shaU be held in an iastituaon whose @eposits aze insured hy a federal agency, insuunoeatalitY, or emity "_
<br /> :°;."�'`�a- _� , _ .�. (inciuding Lender,if Lersiler is sach an instimuon)or in any Fedesal Home Loan Bank.Lender shall appiy ihe Funds!o pay the -• • -
<br /> ',•�` .< ,. .._
<br /> �': �.; . . - . Esciow Ite�ms. L,ender may not cl�arge Borrawer for holding amd ap�plying the Funds,annaaily analyzing the escrow accoimt,or -
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<br /> :'-..i�:�•�_� :.';." . ., :.•-,: verifying the Escrow Items.unless Lender pays Barrower interest on the Funds and appIicable laa+permits l.eader to make suc1� . .
<br /> .".,,, , . :�;;�'•� a charge. However,I.ender may requir�e Borrower to pay a,one-time charge for an independent real estate tax reporting servic;e
<br /> .4._�.�:� . ,
<br /> - -_y�:__.__�...= vsed by L,ender fa coaneaion with this loan, udess applicable law pmvides otherwise. Unless an agreement is made or ;.�:.4:^,
<br /> - �,L " agphcabie law reqwtes miecest co bc pad, L�nder s�a;i;wi ik;�y�:ir�:;,�y P,crro�cr aay iat�st o:esminS°�n the FnmQs. -- .--- :
<br /> � ``.` � � " Bortower and Lender may agree in writing,however,that interest shall be paid on the Fands.l.ender shall give to Borrower, � ``,;.
<br /> :� '::x�::- . . . _ �
<br /> - • �•�T,�_� ` : .r_.,� witbout charge, aa annual accotmting of t6e Funds, shawing eredits and det�its to the Fands and the pv:pose Por whlch each �`:, A.• .:
<br /> � �� , . .. , .
<br /> ' : debit w the Funds was made.The Puuds are pledged as additional security far all sums secuced by this Secauity Insaument �=, �;r .'
<br /> � �Yy1� �1... " l`'� -
<br /> _��'•:,`�; . ; , . If the Funds held by Lendes excee4 tlte amowits peruiitted to be hetd bY aPPlicable law.Lender shall accouat to Barrower ",
<br /> '�,��.•::.,�� � . .. -':,y-��. fos the excess Funds in ascordance with the requiremeats of applicable law.If ttte amount of the Fnads held by Lender at aay `•__F . �.
<br /> %�+ � tinme is not sufFcient to pay the Fsccow Items when due,I.ender may so notify Borrower in writing,and,in such case Bozrower
<br /> .� l�:�-"•:-' . . . . �. shall pay to Lendes the amount necessary to make up the deficiency. Bonower shall make up the deficiency in no more than
<br /> .��:.��'.,. � twelve monthly payments.at Leuda's sole discretion. ' '
<br /> , �'.`,''':.' Upon payment in full of all sams sec�ued by tius Securiry Instnunent, l.euder shall prompdy refvad to Borrower aay ` ,
<br /> _t •' ,.:..:
<br /> ' *: '�'- . � Fuads held by l.ender.If.under paragraph 21,Lxnder shall acquire or seU We Property,Leader,prior to the acquisitioa or sale
<br /> � ' ` �' � •. - of the Property.shaU apply any Funds held by Lender at the tirne of acquisition or sale as a credit against the sumg se�red by �
<br /> ,;�.f;�°' � , . • . ' this Security Instrument.
<br /> `'��: 3.Application of P�yments.Unless applicable law pmvides otherwise.ail payraents mceived by Lender�der paragraphs ,.
<br /> . ' `� :�'.. ' � I and 2 shall be applied- fnst, co anY P�Y�chazges due under the Note;second. to amounts payable under paragraph 2; . .
<br /> ' ���.+� : • ihird.to interest due;fourth,to piincipal due:and last,to any late charges due under the Note.
<br /> 4.Churges;Llens. Boaower shaU pay all taxes,assessmenu,charges.fin�aud impositions attnbutable to the Property � � ,. �
<br /> • :� , .,'�• wtucb may attain priority over this Security Instrument,and leasehold pa.ymcnts or ground rents. if any. Borrower shall pay �
<br /> . ,,.,,.
<br /> these obligadons in the manner pmvided in paragraph 2.or if not paid in that manner,Bosrower shall pay them op time d'uectly s �(��`
<br /> �.',.•'i � �... . .
<br /> `� __�•:^:, ,` . • • to the person owed paymeat.Bonower shall prompely fumish to Lender all notices of amounts to be paid uader this paragraph. � �. .
<br /> • If Bonower makes these�ayments directly,Bonower shall promptly fumisb to l.�mder recripts evidencing the payments.
<br /> +`�'`°� . � Borrower shall promptly discharge any lien which has priority over this Securiry instrument unless Borrower:(a)agrees in �. .'.� '_�
<br /> ''� ' .' • writing to the paymeat of ihe obligation secured by the lien in a manner acceptable to Lender:(b)contests in good faith the lien F' .
<br /> � �x:.:.,.
<br /> , '� by, or defends against enforcement of the lien in, legal proceedings which in the l.ender's opinian operate to prevent the f _
<br /> �`'� ' • enforcemenc of the lien; or(c)secures frozn the hcider of the lien a�agre�ment satisfactory to Lender subordinating the lien to � . • ,
<br /> . .��,
<br /> '� ;�.;�.: .� • -- this Security Lnstrument. If l.ender de[emvnes that any part of the Property is subject to a lien which may attain priority aver t �;
<br /> �''� • �.. . � ,. this Securiry Instrument, Lender may give Borrower a notice identifyin�the lien. Borrower shall satisfy the lien or take one or '�
<br /> ,` t,.'.
<br /> ' • more of the actions set forth above within 10 days of the giving of notice. �� �
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