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<br /> � � � 99• i��s�s �
<br /> � ` TOG�3'HER WI'TH all the ua�rov�nts now or hereafter erected an the property, and all e3s�ats. � ;
<br /> • ' � apPurtenances,and fixnu�s unw or het+eafter a part of the pmperty. All replasements and additions shall also ba a�v;r�i k � ,
<br /> � . I by this Security Ynstnuneat.All uf the foregoing ts referte8 to in ttus Securiry ins�nmaeat as the"FropertY:° � t.:
<br /> � ` � Eox�owEx Covav�rns that Borcoos+er�s lawfuAy seised of the estate hereby canveyed aad has the nght to grant a�d r,t
<br /> � . � • � comrey the Property and that the ProgercY is unencnmbered,except for encumbrances of reoord. Borrower�va.*rants�.n� �� .
<br />� ,•; will defgnd generally the title w the Progerty a�ainst all claims and d�maads,svhject to any eacumbrance's of reoord. �
<br /> Ti�rs SrxuRrrr 1NSrauni�rrr combines umform coveaanu for natiaaal use aad aon•uniform covena�ts with iimited `
<br /> � ,:t.-' � variations by j�uisdi�tion to constiwte a uniforci security insaument covering real pmgerty. '
<br /> ' -•T�� UraFOxr�Cov�nNrs Borra�ver and I.ender covenant andag�as foAows: �
<br /> r � a wtr..n due � �� �°
<br /> �......� L.P�Ymeax aY Riudgal ead Intraest;PreF$Y�Snt s�aid 1Gate Charges.gosower sflali prom��lY P Y _
<br /> •_ the piuncipal of m"intere�t on the debi evidenced by the Note and anY Piepayta�nt aad late chazges due under the NutQ.
<br /> 2.Funds for Taxes aad Insureace.Subject to applicable lac�or to a e�tiuen vraiv2r by l.ender,Borrorrer�1�1 p�p �-
<br /> ax s -
<br /> to l.ender on the day mont;aIy Qayments ar2 due u�der the Note,unril the Note is paid iu full,a sum("Funds°�for iW -=�-
<br /> . . yeariy taxes an d assessments w t u c h may a tt a i n p ri o ri t y a v e r t h i s S Q C U r i ty t n s t c u m e n t as a lien on the Pto pz�y:(t�)F�f, ��_
<br /> ' leasehold payments or gronnd renu on the?ragert}+,i�f a�y>(c)Yr�tY hazaid ar grogerty insuraacP premium�;(f�)}�lp
<br />. - : � �l-
<br /> Aood insurance pr�ruums.�f any;(e)Year1Y mar'-g�ge msutance premn*r*+�,if any:and(�any s�ms�aYable by�rmo:s� �,.
<br /> . � :,..� m Ixader, in acoordance with tHe provisiaas cF paia�ragh 8,in�eu of We payment of mortgage iasurtmre pse�3z�.. =
<br /> These items are called°Escrotv Ircros." Ixnder may,at�ny time,coilect a�1d hold Fuads in aa aataunt noi w exa�#tSs�
<br /> • � maximum amount a lender far�R�erally related mcrc���:'_oan may r�uire for Bormwu's escrow aronnn� wY1�the �.-
<br /> � federal Rea] Es�aze Settlemenc Pcacedu�es Aa c,f 1974 �; amended fro� nme to tim�. 12 U.S.C. § ZffJ! � seq. -_
<br />_ ("RESPA"),unless another law that ap lies c�t�Fu�ds sEts a lesser amount.If so,l.ender may,a*r��eim:,o�lle�t and - _
<br /> - hold Fuads in an a�ount not to ex�the t�r�e�?.l.ender maY estimate the aueount of Fcr.�s dL��n di:basis of
<br />" st�s:at data and reasonable esdmates of e��sii.�:r.� ���re Fscmw Items or otherwise in assx.-ni,�r,r�_�;th s�,Iicable
<br /> �� ' ,� L�a_ �,� �.�Ty �.-
<br /> .. The Funds sLall be held in an institutiaa G�.���a•���siu are iasured by a federa'•�'�cY,�s►„�,v�„ - --
<br /> -_ .. __� :- (including Lender,if ixnder is such au ins�ir.�:..����-::;.��; F�Hom�Loan Bari�_i.eader shall�ply tlt��F4n2s w _
<br /> � �.. pay ttte Fscrow Ytems. Lsnder may not c�*y°=azm�wrr for hold'mg and a�PlYing the Funds, a�--uallY���t� _
<br /> d
<br /> ' escmw account, or verifying the Escrow Ir�, ualess Lender pays Borrower interest oa the Fu� �d _
<br /> �etmits Leuder to make such a charge. li�c�rever, LQader may zequire Bonower in �ay a a�,:-time ch2x�= fas,nn• __
<br /> . • `�• tndepeadent real estate tax reporting service used�Lender in connection with this t��s.vnless applicable lasr psuv:d�s =
<br /> .' ��. otherwlse.Unless an agreement�s made or applicati e Iaw requues interest to bs paid.4��Jer shall aot be reqaiier�ta pay =
<br /> Borrower any interest or eamings on the Funds.Borrower and l.enaer may agree in cvntwg,however,that intec�t�ah�11 be
<br /> paid on the Funds.Leader shall give to Sorr�wer,without�e,an aaaual accaunun8 of the Funds,showiag cra�tts and
<br /> • , , � debits to the Fuads and the purpose for�v'Jis:�each debit to tFie Funds was made.The Funds are ptedged as additiaaal
<br /> security for all sams serured by Ehis Se�un ry�ia�sument.
<br /> � ' ' If the Funds held by Leadet exceed t*�aaiouats ver�tted to be held by applicable law, Leader sha11 arcount to
<br /> . . �. L�acroauer for the excess Fuads in aawrdanc2 a:*h the�Jire�ts of applicabie law. If the amouat af the Fnasi.���ld by
<br /> - -- ����Px any time is noi suff�cient to pay t�z..�'...-�,."row Items whea due,l.endet may so notify Borrower ia writint�;��?d.�n
<br /> .. . . . �. such case Boaower shall pay to Lender�*.�.u�unt aecessary to make up the deficiency. So,-�grsr�hati��..�the ,-_
<br /> deScieacy in no more than twelve mnnthl����_rn�:uts,at lxnder's sole d�seceuan.
<br /> , v :..fiuid to=crmwer
<br /> - ITpon paycnent ia full of all suias asxm..by this Se�urity Insuument,lxnder s�all�rca�l.�dEr, �.� 4o the
<br /> . �t,.,, any Funds held by Lxnder. LF. �.:er es:s:�rQh 21, Lender shall acqnire or sell t�e ��:y °' �F
<br /> • ;>,}� acquisitlon or sal.e of the Prap�ty. s�.ali��;y c+ny Faads held by L�ender at the time of � a or sa.e:s.t,�credit
<br /> �. . �` � againsi the sums securdd by tbLs Security I�..�::cment.
<br />-.-- 3. Appllcatton oY Psymeuts. Ur,S�=aPPllcable law pmvides othera+ise. all paytnents t+er.�''yd b9 Les`-'•'�.,under
<br /> pazagaphs l and 2 shall be applied: fi�„ � anY P�PaY�t charges due under the Note; secac�.� ��a�ounts paya6le
<br />- . ' under paragraph 2:t6ird,w intsrest�lue;fcuu:.to princi�al due:aad last,�to�y�charges due��:he Noie.
<br /> • `� 4.Charges.I.4eos. Borrower s1iaU pay all ta�tes,assessments. and impositic:,s sun'butable to the
<br /> -"''�'`'' "='` • property which may auaia praority over tlus Sea�rir� ��tn!.�^*, and leasehold payments or grovnd rerts, if any.
<br /> __ ..,. ..�_,.:
<br /> v_::,.:;-:�.� Boaower shall pay thesa obligatians ia►the manner prov�:t�i in paragraph 2.or if aot pa�d in that manner,Bom;-nc.�r shall
<br /> �°.���:• :
<br /> ---�.��.;,,�-' pay them on time directly to the person owed payment.Borrower sioaif promptly furp3sb to Lender all aotices c�a�ounts
<br /> -_ � w be paid under this pardgraPh.If Borrower makes these payments dicectly,Borrower shall promptly furnish to Leader
<br /> F;�.,�.�=' � -
<br />— _. _:. rereipts evidencing tfte payments.
<br /> � .� : • Borrower shall promptly d�scharge:,cay lien which has priority over Uris S�urity Ins�c::mtess Eormwer: (a)
<br /> .. .
<br /> agrees in writing to the pay�t of the o0uganon secured by the liea in a manner acxegtable w iu.'nder;(b)cr�+-'ests in
<br /> �;�1'};'.•,_�,,: good faith the lien by,or cc:�.i�a�s against enfoteetaent of the lien in, 1egal pmc�.u��s which in the Lender`:s r_pinion
<br /> _• �� opetaie to prevent the�nforr.ement of the lien; or(c) secures from the holder oY t:sx lien an ageement satislsictory to
<br /> 1,.���;::'-__- Lender snbordmatin�the Gen to this Sscnriry insmiment.If Lender deteimines that aay part of the Propeny is snbjed to a
<br /> _ �•�.��"�t� . � lien which may attain priority over this�urity Insuument, I.ender ma give Bomower a notica identifyln�the lien. -
<br /> nsuu�
<br /> ';:��;,,;;,'_�; Barrower shall sarisfy the lien or take one=�more of the actions�et forih ve wittdn 10 da�rs of t��giving of nalice.
<br />�_..;�,:,�'. 5.Hozard or Propei4y Insurance. Borrower shall keep the improvements novi exisiia�or hs�fter erected on the
<br /> '..;�."•�'"• ; � ,^.-r�perty insured against loss by fue. ha7ards ineluded withw the telm "e�ended coverage" and any aiher harards. _
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