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<br /> � � . � �� RE-RE�OROca��1.a��4
<br /> .. ` • • �:£OGE'i'HEti WdTH all the impmvetaents aow or hereafter erected on the propeaty.�all easements,apPuraenaaces,and -
<br /> . •• fixtures notv or hereaRer a part of the psogerty. All ceplacements aad xddiuons shall also be covered by this Security
<br /> ' Inst�ument Ai1 of the foregoing is referced to in t0is Security Instr�m2at as the"Property."
<br /> � ` 'BORROWER COVENANTS that�nnwer is lawfuUy seised of the estete hereby coaveyed and has the rigbt to g�ant and ,
<br /> _ t oonvey the Property and that the Pcoperty is un�ncumbered.except for encumbranoes of record. �ornower warrants ane! �vill `
<br /> __ - -_ •- defead geaeialiy the tide to the�toperty�ai�st aIi ciaims mxt tf�taands,�ta aay aQCt�tt+.stn�vf tecotd. _ _
<br /> ' TfiiS SECURTTY INSl'RUMENT combiass unifoim wveaants for aarional use and non-umform covenants with linited
<br /> • variauons by jurisdiaion w cunstitute a uniform secuzity insuument covering real pmgPaty. :
<br /> : ..-.�- _- .j IJAIIIFORM COVEIVANTS.Bormwer and Leader cavenant and agrez as follows:
<br /> � i. Paymeat of Principal artd Ynieresi: Fteppylneai t�d II.atQ Ch�es. Borno�er sheU PTa�PUY Pay whea due the
<br /> . - ,�• � principal af and interest on the debt evideaced by the Note and any prepaymeat and late ch�rges due uader the Note. 9 •
<br /> , . .��} I 2. F�ds[or�axes and I�a�n�snoe. Subj�cc to applicable lae++or to a written waiver by i,ender, Bflmower sball pay to �
<br /> .... . � Lend�r oa the day munthly pay�au are due uad�e the Note,until the Note is paid in fuU,a sum t"Funds")for.(a)Yeaz1Y ta� � �;,�
<br /> aad as�essmenu wbich may att�ia prioriry o�er this Security Insnv�ent as a lien on the Property:(b)Yea�'lY leasehold payments � ��._
<br /> . or gio��rents on the Prop�rty.if aay;(c)Yearly hazard or pmpetty insurauce premiun�;(d)Yearly ttood insuraace premnums, C� �::
<br /> , if any; (e)Y�Y��b'��ce Premiums, if any:aad(fl�3'�Payabls by Boironrer w Leader, in accordan.ce with E� ��::__
<br /> , ths provisions of paragraph 8,is►li�of th$paytu�nt of raortgage insuraace pmmiums.'IYcese item4 are called"Eurow Items." � =�.--
<br /> • L�d.r may.at any time,collact and hold Fua�s in an amnTmt aoa to saoced the ma�auwunt a leader for a federalIy �:-�_
<br /> .. : t rela*.ed mortgage loaa may res�e for Bornower's escmw acsasmt uader the fe�aal Real Estate Setttem�t Pivc�dures Act of o�,.
<br /> � 1974 as ainead�l fram time to time, 12 U.S.C. Sectian 2�01 et seq.("RESPA"),�nless another law tbat applies w the Funds �'1:-=
<br /> � sets a lesser amQ�t. If so, Leader imy. at aay time. collect and hvId �vuds in an amonnc not ca exc�eed thr lesser amoimt. -=_--
<br /> ' � L�der may�sdmate the amouni of Fumsls due on the basis o_°current daia.and rzasonable estim�tes of e�pendiUUes of future �
<br /> . • >.`� E�m��Items or otherwise ia arcordsace with applicable taN. _
<br /> � '1.7ra Fuads shall De held in an institutIon whoss depasit� art insured by a federal age�cy, inst�umentalitY, or enutY --
<br /> C�acic�g Lee�gr.if Lender is sach aa iastituaon)or in aay Fetterzi�Hou�Lflan Baak.Lender st�all apply the Fuads to pay the
<br /> � �-�� �-- .- � Escmw Iteras.b�ir.>r may IIot charge Eoaoiver for holding and appJ�iu�r,he Fun�s,annually analyzia�the eserow aecount,or _
<br /> . verifyiug the Fscmw Items.unless I.Eade�pays Botrower inteteEt r�n:�F�nds and applicable law permits LEader to make sucla
<br /> . - a chu��. However.Lender tn�y require Bortowcr m pay a oae-�cLarge for an iadepsndent real eseate ta�c reporting Eeivicz
<br /> ';iw�'� '�� used L:�- Lender in conne�tian with this loan, �mless appliashtQ law provides othe�. Unless an agreement is made or --
<br /> ;.°:G`s applicable law requims interest w be pt�td,Leader stiall aot be req��;.�d to pay Borrower any interest or earnings on the Fuads.
<br /> #. Borrower and L�.�°r may agree in writing,however,that inteius!shall be paid on the Fuads. Lend�-st,all give to Borrower,
<br /> �� wishout charg:�annval acxouating of the rnnds, showing tt�xL':�and debits w the Fuads aad,ia_�+ucpose far whic]i each
<br /> d�:.'�arz:�e Funds was made.'The Pnafls are pledged as additienal setauity for aU sums secuted by t�s�'.��.vrity lnstnuaeat.
<br /> . � �';•Wz Fnnds held by leader exceed the amounts genmu�:d co tre held bY aPPlicabie law,I.eader shaU acoount na Bomower
<br /> . �. foi k�:cc-:xss F�uds in 2ecord�nse a+ith the requicemenw c��t�-:abie law.If the amauni of the Funds held by L�:x,�at any
<br /> time���s�:�to pay th�Escrow Items when due,Lr�sirx�y sn a�tlfy Borrower in wriring,aad,in such c�se Bormwer
<br /> � . � shall paY ta;;.����e amnunt necessary w make up the Tcs�u�-."eney. &�r:-cuer shall make up the�rfieieney in ao more than
<br /> twelc-:�t�.'s3��.�ents,�t L.eader's sole discretion.
<br /> � 'l;;:;' •- r.i�on payment in full of all sums s�cured by this grr.u�:y_Tnstnu�nb 1-+�'�Pro�P�Y refuad w Boaower any —
<br /> � '� Fu�::��Eld by Lender.If.und�s paragraph 21.Lender sl�aall:cs�u:�or seU the Propercf,l..cac�er,Prior w the acquisition os sale
<br /> ' of the�roperty.s'`aU apply aay Funfls held by I.ender at t�e ti�e of acquisidon or sale ms a ceedit s�4nst the sums secured by
<br /> • � thls Security Iaswmznt.
<br /> . � � 3,AppliratIon of Payutents.Unless appiir�.e law gzovides othenvise,a11 payu�:nts received by Lendgr under paragraphs
<br /> � 1 a..�r:.4 s'aall be applied:firsc, w aay prepayment charg��iuc uadcr the Note; se�oad,to aa¢ounts payable undet Faragraph 2;
<br /> .�`:�,'=1�;-:,.i; � da�S,f�:,�terest due;fourth,to principal due:and last,Pe��l�te charges dus uader thz Note.
<br /> ; .�:- . � 1;.G.'�sa.r�,..�s;Liens.Borrower shall pay all tanes,���.:�u,char�-w,fiaes and impositions attn"b�uable to:`'s_z L�opert�+
<br /> • whi��q�.::�::�r�iflrity over this Security lnsm�ment,aar3.I�sehold�-s.y�ents or gound rents,if aay. Boaro��. ;wa:!k�f
<br /> . the�4�:�.�gations.=the maauer pmvided in paragraph 2.�r if aat paid in that manner,Barrawer shaU pay them oa..;n.�:.e Jirect'_�
<br /> -.'r!.,'.R :'. .� , to sL�e��son owed payraent.Bumswer shall promptl�r f,u;�U,ii r.o I.ender all notices of a�uats w be paid under tli:��aragaph.
<br /> _-- .. If�cL-�wer makes these paymg-=s directly,Boaewer s:�ll.tsr�nptly fumish to Lender mx�.:ipu evideacimg the payments.
<br /> : " � Borrower sball promptly discharge any i`,w._.�aich has priority over this Securiry Insuumrnt unless Borrower.(a)agroe.a in
<br /> --:.'ry,:,__: vrtIdn�to the payment of the obligation s��a�.�./tr�lien in a ma�ner accepsable to Lender,(b)cantests in good faith the lien
<br /> -1:�.w^�- �
<br /> - •• by, or defends agafnst enfo�ement of the li� in, legal p�xeadings which in the Lender's opinioa operate to prevent e
<br /> ="-'�;,.-.-^ enforcement of the lien;or(c)secwes from the holder of 1rn lien an agreement satisfactory to l.ender subordinatin�the lien to
<br /> � . tbis Securiry Insnument. If lxnder detemrines that any pum.u�the Property is subject to a lien which may attain priority over —
<br /> � this Secvrity rn��,�+t,Leader may give Borrower a aoG,•r_uientifyit�•�e lien.Borro�ver shall satisfy the lien or take one or
<br /> . . •'�� more of the act.or�set fortb above within 10 da;+s o`e�e�t��iu�ef sati,r
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