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<br /> 7'OOB71iQt W1TN all�ha impovanenu now ar heresfta erecled oa�hc �uid easement�, enrncas,
<br /> -- -�--- �nd 8x1u�now ar be�eatla A psrt of ihe propeny. All t��lac��lr a�td wldiUonx dwli olw bo awaed by thip Socwily
<br /> lnqrument. All of the farc�oit�is Rfened to in Uiic Socurity Inaaument�a Ihe"P►openy."
<br /> BORR0IAIFR C�OVENAM'S thiu Bomuwer iti Irwtully scised of tUe eatate he�by cronveycd and hrs tha�igh1 to gant
<br /> �d convey Ihe Propaty and 1b�t�he Property ia unencumbercd.exeept for encumbrances oP ro�:ord. Bartower wanunt��nd
<br /> �__________ _u.�_ w1N defe�M genenlly the dtb to Iho Pnopehy+�gainN all cl�ima aod demuwls,subJe�t to nny encumbrarwr�of rocoM.
<br /> --� TH1S SECURITY IN3TRUMENT combines uniform covcnants for na�ionol use and non-unifotm covanuNe wlih
<br /> -- —_ ___ -_ limitod wuiatiais by ju�iedictbn w conctitute a uniform secu�iry in�aument cavcrin8�P�Y•
<br /> UNIfaORM COVBNAN7'3. Bormwer and L.ender covenant and agrce as foYows:
<br /> �"'�; l. P�ymeat of Prtacip�l nud Inte�ti P�ep�yment and Late Cbar�ea Barrower shall promptlY pay wAen due U�e
<br /> - pdncipa1 of'and intetesi an the deW evidenced by�Ae Nok aiad anY P►eWYm�t aad late cbarges due w�derthe Nwe.
<br /> Z. I�luida k�71�seQ a�d hwra�ee. Subject w apppicaWc law ar to a wrutep waiver by I.ender.Bomower sball p�y w
<br /> -- I.ender an Uie daY��Y WY�s arc due under tAe Nac,wntil tNe Note is paid in full.a sum("Funds")Por.l�l I�Y
<br />_— _ laiaes aud assesunems wdicb rt�►y atlain p�iority over Uus�ocurily InsduaKnt as a lien on the Pruperty:lb)yraidy les►�efiv�ld
<br /> _ p�� ar grow�d�s ap tAc Nmpnty. if any; lc)Y�Y huard or p�ope�ty insurance premiums: (dl yea�ly flooc9
<br /> ins qemiums.ii arn�;(e)Y�Y�8A8e in.swnnee pnemiums. if any:and (tl any sums puyablc Dy Ikxmwer to
<br />_.��=;�x,+ .��.ender.in acco�dam,e witAa d�e provisioas of par�grr�rke R. in lieu of�hepaymen�a'f'mongage insumnce preauew��n.s. 7'hese
<br /> '��"? ' '. ;�ctrtw ue calkd"Escrow lteuas, f..rnder m�y,at any Nme.cdlect and fald FunAs ia an amount�wt ta excetd the mauimum
<br /> '��" � amounl a kadcr for A fedef7dly neW�d s�artgagc loan may requiro for Bomnwer9 eanaw account undcr the fodeml Rcal
<br /> ���: �,;?� Fs�ate Seakment Procedwes Ac�of 197�o..amend�d fran dme a dme.12 U.S.C.$2601 a se .{���BSPA"),unless anothrcr
<br /> - ---="�"�?y� luw tlwt applies to tbe Pbnds seta a les�c��.�wn� If so.Lender mAy.at any lime,collxt w�d ho�d Fi�nds in an amount not t�
<br /> -::...�.= exceed die Icsscr amowu. I.c�dcr rnay estimate the wnount of Fi�nds due o�e rFac b�sis of cu�rent data uid neasombk
<br />:.., �_� e�dnwtes af expaidiwres d tutum�scrnw Items or otherwjse in xcadance witli applicable law.
<br /> ,�� The Eia�ds si�ll be Q�eld in an institut�on whose deposi�s su�inQUred by�feclerel agcncy. lnswmeatality.or entit�r
<br /> - ���� (including LRnder.if Lendu ls such an institudan)ar in any Feders�k'Jmme Loan Banfc. L.ender shall apply the Funds to p�.►p
<br />;;;-;; "'� : the Escrow Items. Lender may not charge Bomnwer far holding un.� a�plying the���-�n�'�.;,annually analyzing Ihe esc�►v�
<br />": accoun�or verifylng the 8scrow Items,unkss l,ender pays Borrr�rrer a�iere�t ap t'he Funds and applkable Isw pema�r,�
<br /> I.endu to moice such a�fi:uge. However.Lendcr may require BorrA+�Rv�aajr a�anc-timc chsuge for an inckpendent roa1
<br /> estate tau�epoRing savice used by Lender In connection wlth Ihia laAO�,a�aCess.a,pptirabic law provides aherwise. Unlcss en
<br /> �� agreement is madc or applicablc law requircs intc�est w be paid,I.endec S4ea90 r�rc+a�required to pny Borrower any intercst or
<br />-- eamings an thc I�Und:. Borrower and L.ender may Agree in writir►g,h�aYUevei.l�m interest siwll be paid on thc Punds. l.ender
<br /> -- - ���r.� shWl give to H�nower.without charge,an ennua!accounting of 16�ff�rnLa.al�wing credits end debita to Ihe Funds arM the
<br /> -- rt.=H:� . • _,. pu�pose for which each debit to the Runds w�mode. The Funds are pled�ed As Addldawl security for all twne aocwed by
<br /> _ --� �, �' lhir Securiry Inswma�t.
<br /> ^ .- — , � . � if the ii�nds heid by Lender excer.� the amounts permitted to be heid ir� appiicabie iaw. Lrnder snacii a000unt[o .
<br /> �mmwer for the excess Fw�ds ln accadance with�hc rr,quiremen�s of applicabl�law. If the amount of the Funds held by
<br /> �•s. I� •; r4 , , , L,er�der at any time is not sufticient to pay tlx Escraw Items when dut.L.ender may so notlfy Borrower in wr;ting.and,Sa�
<br /> such case �omower:hall pay to l.ender 1he amount necessary to make up the deFciency. Borrower ahall make up tdae
<br />- • deficiency in no mon than twelve monthly payments.u I.ender's snle discr+etion. , .
<br /> - - q Upan payment in tu!l ol all sums secured by thia Jecunry Instrument,Lender shall prompUy refund t�r�orrower any
<br /> ' � ±' � • �Furds held by Lender. 14, under parngraph 2t.L.ender shall acquire or sell lhe Property,Lender,prior to the ucquisiNon or
<br /> � ` ' sale of the Ptopc�ty.shal! apply any Funds held by Lender�t the lime of acquiciUon or sale ar a credit agvnst�he sums
<br /> � ..secured by thia Sxudty lnswment.
<br /> �,,, , , 3. Applicatba ot Payaxnb. Unless applicnble law pmvides otherwise,all payments received by Lender under
<br /> • �pwt�graphs 1 and 2 shall be applied:first,to any prepayment churges due under Uie Note;second,to amounts pay461e under
<br /> ;' ,. ,� pruagraph 2;thiM,to interest due;faunh,to principal due;and lasl,to any late charges due under the Note.
<br />_"_ 4. Cbar�es; Llens. fl�nmower shall puy all u►xes, ussessments. charges, fines ae�d imposiNons aM�iba+t�ble to the
<br />=-,� ' � Ptoperty which may anain pdority over Ihis Security Inswment.and leasehold payments or ground rents,if r�y. Bomower
<br /> .�1� ' .-�,i`:.�(��.. ahall pay the�e obligations in the manner provlded In paragraph 2,ar if not paid in that manner,Borrower shell pay�hem on
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<br /> , �,,�� .T; • time direclly to the person owed paymeni. Bomowe�stwll p�omptly fumish�o Lender�II naices of amounts to be paid ur�r
<br /> � s� + this ra If Borrower makes these a ments dlrecti . r
<br /> ��'1 �' � :'� P�8 P�• P Y Y ���r shall promptly fumish to l.ender receipts evidencfng
<br /> .L �.�s
<br /> .�� :� r �PaYments.
<br /> ,;,.�� Borrower shall pmmptly discharge ony lien which has priority over this Secu�iry Inslrument unless Bormx•er.(a)egrees -
<br /> d ''.•:�''•• ? in writing to the payment of the obligation secured by�he lien in a menner accepml+le tu l.endar.(b)contests in good fa�th the -
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<br />_ ,, . 1l,fr�,�rf lien by.ar�defonds against enforcement of the lien in,legal proceedings which in�he l.enderk o�+�nion operute to prevent 1he
<br /> r ':+�.�?+r;��;��:��•�i� enforcemea�a af ihe Ilen;or(c)seeu�es from the holder of Ihe lien an agreement sotisfactory tu�.e�cl�v subortiinating the liea -
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<br />,�_--- -:�''�',,�"°. �� to this Secu�ity lnswment. If L.ender deterrnines Ihat ony part of the Property is subject to a locn w•hiC�h naag•nttain priority -
<br />; .a . � r:,. .
<br /> �,, v� �• '��;+�y"� over this Security lnsfrurnent,Lender may give Barte+wer a notice identifying th�Ei��. Bortowcr al�al�xr�ais6y�ahe lien w take .
<br /> . � ' < <� � one or mon of Ihe aclion�sct fath above within 10 days of thc RivinR of notice.
<br /> ��� �y — 'P� S. 1�a¢ar�d ar�rs►perly Insuraaa. Borrower shall keep the improvemems now exis,►d�g or hereafter erected on the
<br /> ', . yx ` �� �'�' '��1:��,;:'`; Property i�axared aRninst bss by fire,hazurds included within�he�erne"extended coverage"ar.d a;sy�other haznnds,including
<br /> .^.. . `'1'.:.i� �':4:::� flooda os oi�ocJing, tor which L.ender requires insurance. This ir�cmrance �ha�a be maintained in 1he nnwua� and for�he _"
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