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<br /> TOtiSTHSR WITH ull tho improvementa now on c�ret�hcr erected on the property,und all c�scmtnta, uppurtenancea.und
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<br /> ftxtures now or hereufter n pact of the properry. All replacemants and uddldona shall tilso be cuvcred by Qiis Security �
<br /> � Instrom:nt.All of tho foregaing is mferrcd to ia this S�curity Instrumen�es the 'Proparty.`
<br /> " , BQARQWBEt CUV�NANTS that Borrower is lawfupy seised of the esutte hereby conveyed and has the rlght to grnnt nnd
<br /> convey the Praperty autd tltut the Property in unencumbered,exccpt for eacumbrancea of record. Bonower�vaaants and will
<br /> � defend Benerully the title to the Pcopecty agninat�Il clotms and demanda,subject to any encumbrAnces af record. �!
<br /> THIS SxCUti1TX IN5TRUMENT combinea uniform covenants for national use and non-uniform cayenants with limited
<br /> vnriation�by jurlsdictioa to constitute a uniform security Insttument covedng real propercy. �,
<br /> ' ? UN1FOFtM COVENANTS. Bortower and Leader covenant and agree as follows:
<br /> �.^-•-�- � 1. Poymcnt af A�Ineipul and Interest; PcepAyment nnd Late Charges. Borrower ahatl promptly pay �vhen due the
<br /> �'� ' p t inci pal of aad lntatest on the debt evideaced b y the Note and an y pre pa yment and late char ges due under the Note. � ,
<br /> �"� � 2. Funds Por'f�ces and Iosurence. Subject to Applicable law or to a written walver by L,eader, Borrower shall pay to r
<br /> L.ender oa the d�y manthly payments aze due uader the Note.untll the Note is paid in full,a sum("Funds")for:(a)yearly taxes �r
<br /> �^ and assesaments whicJi may attein priorlcy over this Securiry Instrument as u lien oa the Properry;(b)Yearly leasehold payments =
<br /> • or grouad reats aa the Properry,if any;(c)yeazly hazard or praperty insurance premtums;(d)yearly flood inaurance premlums, E__
<br /> . : � if any;(e)yearly m�rtgage insurance premiums. if any;anal(n any sums payable by Borrower to Lender, in aceordance with �:
<br />��`,;�� � ' the provisions of paragraph 8.in lleu of the payment of mo�ga�e insucaace premiums.These ltems are called"lEscrow Items." w
<br /> lrr�:':�;,,�.:, ,�•,:�; Ixnder may. at aay time.collect and hold Ft►uds in an amount uot to exceed the max9mum amount a lender for a federalIy �;:
<br /> '��.,�''�••�,;};�b..'., related mortga,�loan may require for Horrower's esarow account under the federal Real Estate Settlement Procedwes Act af -
<br />�".�..,:;.`."'?�:�� 1974 as amEndsd ffrum time to tlmc. 12 U.S.C. Sectian 2601 et seg. ("RESPA'), unlcss another law that applies ta the Funds -
<br />_.�r�• ' {� sets a lesser amount. If so,Ixnder may, at any dme, collect and hald Funda �n an amount not to exceed the lesser amount. �=`=
<br />- .• ;.'�j.i;R,! l.endor may�timale the amount of Ftinds due oa the basis of current data and reasonable esdmates•of expenil�i+ues of future
<br /> � ,•�i<<��:' Esecow ltems or otherwlse in accordance wIth appltcable law. _
<br /> ' • .,;�;. 'i�;s�� The Funda shaU be held in en fnatd¢udon whose deposits are insured by a federal agency, insaumentality, or endty
<br /> '� , (includiag Lender.if Y.ender ta such An institution)or in any Federal Home Loau 13anlc.Leader shall apply the�+unds to puy the
<br />= ' �'�� Escmw Items. Lender may aot charge Borrower for holdia�end applying We Funds,annually analyzing the escrow acsount,or -
<br /> - ,• verifying the Hscmw Items,unleas Lender pays Borrower interest on the Fuada aad applicable taw pertnite Lender to make auch
<br /> ' '` u churgQ. Hawev�r,Lendet may requlre Borrower to pay a one-tirae charge for aa independent real estf►te wx reporting sarvtce
<br /><° J.;•;:# used by Lender in conaection wlth thia loan. unless applica6le law provides otherwlae. Unless an agreement ie mude or
<br /> �'`��•: ` npplicable law requires Intorest to be puid. Lender ah�ll not be required to pay Borcower nny intereat or eamings on the Fuads.
<br /> ��•�'�'=` Borrower nnd LenQor ma agree in wrltia ,bowever. thut lntercat shail be uid on thr Funda. Lender shntl lvo to Bonower�
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<br /> T.•,�':::�. without chtuge�an annuc�t accauntiag of the Funda, shoaing credtts and debita tu the Funds nad the purpoao for which each
<br /> ''r` ''��'` debit to the Funda wag mude.The Funds are pledged us additioncil securlty for ell swno secured by thie Securi.ry Inetn►mont.
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<br />'�'J`"' -� If the Fur�ds hefd by Lender exceed the amounts permitted to be held by applicub�e law.L�ender shall nccount cn Bnrc�ower
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<br /> <�#,��;?� for ttto eacess Funsls ia accordance with the requireraents of agpllcablo law.If the amount of the Funds held by Leader at any
<br /> tima is not sufflcieat to pay the Escrow Items when due,Lender may so notify Borrower in writiag.and.in such case Harrower
<br />�";°`�.�� shalt pay to Lendes the amovr►t necessary to make up tbe deflcienay.Borrower shall make up the deficiency in ao more than
<br /> �`-�=��'5��� cwelve monthly paymEnts.at Lender's sole diecredon.
<br />��°'�• Upon paymsat�in full of a11 sums securecD by tbia Sexurity Instruucent. Lender ehall pmmpdy refund to Borrower any
<br /> '`''"�`��� Funds held b Lest�vr.If.under ara ra I�21,L.ender shall uire or sell the Pro
<br />-���,:;�,,,;� �„� Y F � � eW perty.I.ender,prior to the acqulsition or sale
<br />_�_�;�� of the Progerty,shs�1!apply�nny Funds held by I.cnder ac the timo of acquisltion or sale as a credlt sigaiast the sums secured by
<br /> ��� this Securlty Iustrument.
<br /> - - �.,a� 3.AppHca33nn of Ps�ymente.Unless applicable law provides ottienv8se,all paymenta n�ceived by I.ender uader paragraphs
<br />�v��.:a'� 1 and 2 shali b=npplied: first,to any pmpa�+ment charges due under the Note; socond�to amounts�ayable uader paragraph 2;
<br /> -- third.to interest due;fowth,to principal due;aad last.to any late chargea due under the Note.
<br />�` - - 4.Char�m;�.lens. Bonbwer shall pay�11 texes. �ssesaacents, cherges. fines and impositions attrlbutable to the Property
<br /> =—"�-=' which may attain�r,l`o�ity;o4,et.this Seruriry Insuument,and leasehald payueents or grouad rents, if aay. Horrower shall pay _
<br />=°:�;y;;�;�rsi'; ° these ob13 adans in the uaanaer i+ovtded in ara h 2�ox if aot aid in that menner�Barrower sh�ll a them on time d�rectfl.
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<br />���:;;�;A"��' to the person oi+�ed payment.Borrowor eh�l!promptiy ft�mish to Lendor all notices of amounts to be paid uader this garagrapb. -
<br /> ��,,.�;;,�a If Borrower m�lcea these payraenta directly, Borrower shali prompdy ftunish to i.ender receipts evidencing the paymente.
<br /> """`"--�'1�=: Bornower sha.U�promptly dischorge any liea which h�o pdorIry over this�ecuriry Instnunent uatess Sorrower:(a)agraes in _
<br />=-'=- =- - writing[a rhe paymsa►c of ehc abtigatian;,ccucr�i by the lie�i iu u�Ee aweptabte ta f.snder;{D}contests!A good taiW the tien �
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<br /> - - by. or defends a�inst enforcement of the lien in, legal proceedinga which in the Lender's opinion operate to prevent the
<br /> ---"'�-� �f� enforcement af thm llen;or(e)secures from the hotder of the lien an agreement satlsfactory co Lender aubor�lnattng the lien to
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<br /> =-.• thta Securiry Instium..nt. It I.ender dcterminea th�t any part of the Pmpecty is subject to a licn whtch rauy attain prIorIry over
<br />'?��__; �-•�• ' � this Secudty Instaument� Lendor may B{ve Botrower a notese identiPying the lien Bo:r�owcr shall sattsfy the lien or take one oT �
<br />-�•`�%,'-�`'�. � morc of the actions set foith above wtthin 10 days of the giving of notice. -_
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<br />'_-,;' . 1��, -� Fomt 3028 9190 °'-
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