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<br /> ' TOGETHER W!'��l all the improv�ments aflw or hereafter etected on the p�perty,and a�l easemeats.aPPurtenanc,es.aad
<br /> � fixttues aow or hereafter a part of the pmperty. Ail n.pincements and r.dditions shail also bE cover� by this �ecurity
<br /> • ;ns�en�All of the faregoing is c�fe�to in this�curity Iauumsnt as c��'Prepesty° .
<br /> � ' BORItOWER COVENFeNTS tF�t Sorrower is lau+fi�Uy seis�of the e�sa;e hezeby conveyed and has the right to graat aad
<br /> . convey the Propzny and that the Frop:.rty is naeacumbe�esf,exc�Pt for encumbrances oi record. Borro�+er v�rarrants an3 witl .
<br /> . ,� .� � defead geaeralIy the title to[ue Property against all claims anst drm��a►d...s�bjert to azry eatumbzaaces of s�ord.
<br /> THIS SECURITY INS'TRIJMENf combi¢es unifor-n covenants for national use and non-uniform coveaaats with limited
<br /> -- - ---- -�-� i variarions by jarisdictian m constimte a uniform srcurinf i�t,-�nt covcrinS real pm�..°rtl'• ;
<br /> .��r.�-�-•' � UN�ORM COVENAATTS.�rmwer and Lender cnveaant and agee as foliows: r —
<br /> 1. PqY�1 c�P.lPriadgal aad Enteres-i;Pn�nu;�meat aad Late Chs�rgss. Bonower shall promPUY Pay when due the
<br /> ` ' j principal of aad inteiesi on the debt evid�ced by t6e Note and any Prepaymens aad late char�as due u�der che Note. �- .
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<br /> � 2.Faads for Taxes and Insnr.�nrr.Suhje:t ta applicabls law or to a arritten waiver by Ixnder. Bamower shall pay to : -�;:
<br /> � LQnd�r on the day muntWY Fayments aze due under che Nate,until the Note is p2id in full.a sum('Funds")for:(a)yearly� ±
<br /> and assessments which msy astain priority over t&�s Secwiry Insuument as a licn on the FmpertY;(b)Yeaziy leas�hold payments l:_.-
<br /> • re 'ums;(d) early flood insurauce pre�i�m�s, ��'
<br /> ,,j � or ground reats on th�s P�rtY,�f anY;(�)Y�Y�d or pmperty�ns�uan Preau y --
<br /> • .'r'.`.. � �f az►y;(e}Yeaz:y mort;age insurancs px�emiums.if any;and(€;anY sums PaYable by Borm,�er to Lreadtr,in accordaase with ��
<br /> . � , � the pmvi�favs of paragraph 8,ia lleu a�ihe payment of mortg�a fin�uauce premiums.These items are caUed'Escraw Itefls.' `._
<br /> , � � � I.ender may, at any time. collect and hutd Funda in aa amonnt not to exc�the maai�amount a lender for a fc-�Sally �_
<br /> l ir-'�1 mortgage loaa may require for Haa�NCr's�cm�v ar.count wider thQ fe3eral Real Estate Sealem�nt Y�c+ocedun�Aa of —
<br /> F ; t�:A as vmended from tims to amQ, IZ U.S.C. Scx�3na 26U1 et seq_ ("RESPA'},unless aaother law d�a�splies to the FuAds ;„_;°
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<br /> � i sets a tes�r amount. If so, Lend.er mz}�.at aujr t�>wlle:.t and hold Funds in an amuunt not to exc�cite lessPr atuouat. �:_-:=
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<br /> • i Lxnder may estsmate the amaunt of Fands dne on ttx�.�asis af aurc�zt data snd reasonable c�imates of eapendiwres of future
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<br /> Escmuv Items or otheru�e in aaaordanoe arith agplic�lsls law. �,,;t_�
<br />,'�°`�'� � . � ' . The Funds shcU b�held in an institution�vIsa�s deposiu are insured by a federai agency. insuumentalitY, or e-.,tit}+
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<br /> �- (includiag Lender.if Le�ier is such an iastitutian)or in any Fed�il Homs I.Q�Bank.Ixnder shall apply the Fuads ta pay th.e �:__.-
<br /> : ' Fscro�v�.I.ender may not chr�gr:8orrower for halding an�s�plying the Fuads,annually analYzing the escrow accaum,or ,
<br /> .��1 verifying ti�e Escrow Items,unl�s i.c�t�r pays Borrawer interest aa the Funds and applicable law permits I.eader to make such �j�-�'i-
<br /> . • f a charge.Aowever.Leader may req�.u�c Borruwer to pay a one-time chazge for an iadependent real estate tax reporting senrice ,�.�,.�
<br /> • � �1�, used by l�eader in caaatxtioa with this loan. unless apglicable law pravidcs otherwise. UNess an ageement is made or =--
<br /> applicabte law requires interest to be paid,L.eader shaU not he requi�ed to pay Borro�+er any interest or eamings on tha Funds.
<br /> '�� gorco�c-��Lender may a�ee in miting.however,tl�interest sha11 be paid on the Funds.Lender shall give to Barrawer, --
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<br /> witho.x��e, an annual axountinS of the Funds,showing c�3its and debits to the F�aad the putpose for w�i�eac
<br /> I debit t�ilr��unds was made.The Funds are pledged as additio�sn..cutity for all sums securer by this Securiry In.�rIIVU�r��:.
<br /> ��;:.: � + If:�.�run�.s'�e"_d by I.ender exceed the amouu*_,permitted to be held bY aPPlicable law,Lender shall a000unt to�TMwer ---
<br /> `'�'��� •' �� for the es�s Funds ia r�oidance wi�h the regai�rn'-a�s°f applicable lap�. 1f the amonnt of tue Fuads held by l.ender at aay
<br /> .� . V ., time is�:u;svfficIent ta pay the ESCtac�Items wh��_�e,I.ender may so aQEifg 13r:rrower in writtng,and,in such case Bonoar�r
<br /> � sh81D 1,W�ro Leader the amount nc�-�.�,:.y to make up the deErcr�n:y. Bo.:G N�:shall make up the deficiency in no mon than
<br /> � twelve��nthly paymenu,at Lead�S sole discretiaa.
<br /> � Upon payment in full of all sums securzd by this Securiry Instniment, 1-eader sLall pmmptly re�d to Boraower any
<br /> , �unds held by Lender.If,under paragraph 21, Lznder shsill acquire or sell the Thopsrty,Leffier.prior ta!tfre acquisiuon or sa�e
<br /> . of the property,shall apply any Funds held by Lender at the time of acquisitiun or sale as a credit agai�:tLe suma secunod 6y
<br /> ' . . this Sea�.riry Insuument.
<br /> • � • .y � 3,�plIcatioa of Payments.Unless applirable law pmvid��thervrise,all paymenta received by Lender unde:is.�rg�hs
<br /> �• ' 1 and 2 shall be applied:fust,to aaY Prepayment charges due u:.�er the Note: second,w amounts payable under paragraph 2;
<br /> `.��. - third,to interest dus;f�rtla,to principal dus;and last.to an�lats charges due uader ihe Note.
<br /> 4.C6argzs;Llenq.Bflrrower shall pay all taaes.assessment,cbnr��_�nes aad imposidans amibutable co che Property -
<br /> wbich�attain priority over this Security Insnumcat. and te�:��id payments or 8raund rents,if any.Borrower sball pay
<br /> � .;. these obli�asioas In the maffie�pm�r�e3 in paragraPh 2,or if��:�.�3 fin that manaer,Borrsv,�er shall pay them on tim,�r3;rxily
<br /> �� � to tUe person owed payment.Borrowes shall promptly fumish c_�rnder all aotices of amaunts to be paid,vnRt�e�?��El�• �
<br /> • � Df Borrower makes these payments directly,Borrower shall ptomp�3y fumish to Lendsr receipts evideac�ue�it�pa,Y�p�si r t �Yep�
<br /> � ' ' * Boaower r+haU promptly dicchazge any lien ivlsich hes pr.erity over this S�uriry Instrument unt�+s,�orrV�fr'�(�,�,�►}�
<br /> . • '� wrian�to the pay�nent of the obllgation secured by the lien in s.r.-..anner acceptable to l.ender,(b)contests in.$ f�i_ 4�len
<br /> by. or defends against enforcement of the lien in, lega! ptt�.��a�_in�s which in the Leader's op�.�-�,�������''+1�)
<br /> �• enforceraent of the lien;or(c)secures from the holder of the:_s.�n an agteement sasisfastory to I.en er su
<br /> � ? th[y Security InstrumEnt. If Lender determines that any pan of the Property is subject to a lien which may anain priority over
<br /> ' R thig Securlry Insuu�,�e,Lender may give Bornower a notice identifying the)?en.Borrower shall sattsfy the lien or take one or
<br /> � �> more of the actions ss.`orth above cv�thin 10 days of the givin,+�,cf r_oti�.
<br /> `;�•.. Form scW�[],�)Itro =_
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<br /> � :�<< �.�� �-SRINEI tsa�2�.oz
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