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<br /> • Tp��Igg WI7'H a11 d¢e improvemenu now or hereafter e�cted on the pmgzrty.arid ali eascrrtenu.apPu�enances. and '3 `
<br /> .. � � fixtvnes uow or hereafter a gart of t�s p*_epzr2}r. A!1 replace�nts az=d edditions shall alsa be covered by ihis S�curity � },
<br /> � instn�m�nt.All of the f�regaing is ceferired to in[his Securiry lnsuutaent�s the °Prop�tY.- ':
<br /> � BORRO�VER COVENANTS th2t Borr�wer is lawfully seise�l of thQ estrse heteby conveyed and h�s the ri�tct to�raut and �'
<br /> • canvey the PropertY and that the PrapenY is uaensum4sered.except for easuaibraar.ea of record. �arro�ver warrants and unU _
<br /> � l defeud generally the atle to the Praperty agains�all daims and demas�ds,subject co an}s earumbrances of recard.
<br /> �� � ,'1 T4lIS SECURITY INSfRUMEAIT oomb�nzs wuform covenants fos a3rional use an�nvn-unifarc�covenants with limited
<br /> ' � variations by}urisdiction to consdmte a iu►ifarm sQCUrity instmment covering real p.ropetty.
<br /> � UwIFORM COVENANTS.Borravler and Lender cavenant an�agrce as foilows:
<br /> - - i. Fay-m€�2 af Peir.s[�! �.*� lnter�l;�re�rYmer►!�d Q.ate CP�es.Borrotiver shall promptly pay �vt�en due ihe
<br /> �� t and late charges due uader tt�e No�.. :
<br /> -�r�"' = principal of and inteiest an the debt evideaced by t�e Note and any prepaYr�en .-
<br /> • ` �`•"'�' 2.Fls�nds for Taxes and pnsw'aace• �ubject to applicable la�v or to a vnitten waiver by Lender.Borrov�es shall PaY�o ,4°
<br /> � ' Leader on the day monlhly paymenu are da�under the Not�.unril the Note is paid in full.a sum('F��i� l�eatehol da�� -
<br /> • aad assesssuentc which may anai�priority over this Securiry Instcumzat ss a lien mmiums�(d)y y)fluod iasutance P mivms. `-
<br /> . or grouad rents on the Progerty.if any:(c?Y�Y��or pmp2rty insurnce P .
<br /> . � if any;(e)Year1Y II=ortgage u�surante premiums. if aay;and(fl any sums payable by SoTrower to Lznder,in accordaace with �•'-_
<br /> . . . [he pmvisio�;of g3r^:gr^..ph S,in lia��f the pays�:m af�us�;?�a�raece premiums.These items are called'Fscrow Items.' �_
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<br /> ' • ' : i�euder m�y,at any tirae,co i lect a a d h n:�F u a,d s i a a n amflunt ant to exc�the maxi�amount a 2�der tor a federaliy �_.
<br /> • ' '. nelaaed martgage lvan may reguire for Bosmare�'s escmv�axount uade3 the federal Real Estate Settlement Procedures Act o f :_.
<br /> �� 1974 as amanded fmm time tfl time, 12 U.S.C. S�ction 26U1 et seq.("RFSPA").unlass another taw that agpfies to thE Fuads �_
<br /> • , �� �. sers a lesser amount- If so. 1�eader may. at az►Y time•�°l����hold Fuads in an amount aot to excee�the lesser amonnt.
<br /> r:,� ix�er may estimate the amaunt of Funds due on the basis of current data and neasonabls esnmates°f eapendiwres of future �_
<br /> � Fscrow Items or oihera+ise in a�cordauce with aPPlicable laa. '�
<br /> - � '!�e Fuads �all be h�ld in an �ns�isu�o� whose degusiu are insured by a federal agency. insunmentaliry, or entity .
<br /> 1 t�e Funds w pay t1�e
<br /> ('iACluding I.e��r.if lxader�s�uh an ins�xtion)or in any Federa!Hoine Loan Bank.Ixader shall aPP che csecuw asxovnt.or
<br /> '�" � �=crow Ite�. Lr�der may ur.Y�arge Borrower for hold�¢g and applYinS the Funds,annually analyung cs aw -
<br /> .-;? � ucable law rwits Len��r�o make such
<br /> ^� . verif}ring t�e�=�a+Ite�. ��.:z.�s Leader pays Bor�wec iur�mst on thx Funds aud app' Pe
<br /> � � a charge.fYar��.�=c�.Lender�aY reguire�urmwer to pa� a aas-tims c�arge for an indepeadent real estate taa reporting senrice `
<br /> r ,-- licable law pmvides otherwise. Unless an ag�aement is made or
<br /> - � - . wed by L�'r�r�t� connearon with th:s E,..,z. �mless 2r^P gorrower any interest or earain&�on the Fuads.
<br /> . � _ y x� ��licable law:...,-uires interest to be paicf,F.tnder s�all�t be required to PaY
<br /> 1 ve to Barrower.
<br /> : !3:>rower aud Icnder may a�`s�e in writing,however,tt:�interest shall be paid on the Funds.i,eader sha11 Bi
<br /> :jt��t '�, ;., w+i7:.'.oUI th3Tg�:+
<br /> �n annuai s�vnting of the Fuadg. showing crediu and debits to the Fuads aad tbe putpose for whicb each
<br /> =i���:�f:. •� �bit to the F-.�r?.s was made.The Fuads arz pledged as additional s�curiry for all sums sec�red by this SecuritY Ins�u�t.
<br /> ��.�;.:;,. �� ued to be held h licable law,Ixnzt�r st�all acoount to Borcower
<br /> . If the Funds held by LQader exceed t4te amounts permi Y ePP
<br /> �ru-� � F�r the excess Fut�ds in acca?dance v�+ith the re9uire��of applicable law_ If the amoun;of the Fuads held by Leuder at any
<br /> _��r:�_':_
<br /> - �c is uoi sufficient to pay ti9r:Escrow Items when due,Lendrr may so notify IIorro�ver in wriring.and.u►such case Borrower
<br /> -` ` • to ivake up the deficiency. Bonovuer shall make up the deficiency in r.o more than
<br /> "` shal�pay to Lendsr the amaaint a�cessazY vak
<br /> '�'.:<,_:
<br /> . ;:;=. : •:°. t welve monthl Y P a y m e nts�ai I.endar's sol�discretion.
<br /> '�';�ti':� ' '+ Upon payment in full of all sums sesur�by thi�Secunty Insuumens.L e n d er s h a l l p m m p t l y refuad t� +�4wer�,^_,y
<br /> -�;.•,. � ,�ir'� b 21.Lender shall acquire or sell the PrapertY.l.eader,prior to the a�c:;u�:iti��a�r4so:
<br /> '-� FuIIds tteld b y Leader.If,undsr paragraP
<br /> -�'-��•��-: ::.;. ���perty,shall apply any F u n d s he l d by I.e n d e r a t t h e t t m e o f a c q u i s i a o n o r s a l e a s a credit a gainsc[he s:ur�: w`+au���1l
<br /> :. °�_ �ia Se�uriry Instr�men�
<br /> -�,_ v�,__: ments raceived by Lender�rt�rr p�ragraPhs
<br /> - 3.Applisation oi Puymeais.Unless applicable Iav;provides otherwise,all paY �
<br /> l,}��`',!�'t� 1 sad 2 shall be applied:first,w anY PrePaY�ean charges due under the Note:second.to amounts payable under paragraph 2•
<br /> —_ 'w� third,to intetest due:fourth,to priacipul due:and last.to any late charBes duE�er 1�e Note.
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