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<br /> TOC3BTHER WITH ull che improvements novr or here�fter ereated on the property,nnd uDl easements,appurtcnonces,
<br /> ' Q 3 All r�e lacement�and uddidons shnll �Iso he covered by thts Security
<br /> � - and fixturca now or herc:after u gurt of the praperty. p -_-
<br /> - "' %� Instcumen� All of the foregoiag la refemed to in this Securlty lnstrurteent r�s the"Property' -'
<br /> ^ BORROVYER COVENANT'S that Borra�ver is lnwfully se[sed of the eatate hereby conveyed and hn.4 the dght to grsit►t �,
<br /> _ and convey the Property nnd that the Property is uneneumbered.except fc►r encu�n�tuc�ces of reaocd• Barrower wurmnts und
<br /> "' �: wUl defend generally the Htle to the Property ugainst nll cinims and demands.subject to any emumbrances of record.
<br /> '_�n 'THIS SECgURITY��TR touM�Htute a aniform sectulty insnumeat coverlag renl p PerqY n•uniform covenants wlth
<br />-"' , • Iimited variati Y j
<br /> • • �pltM CpVBNANfS. Bomnwer and Lender covenant and ugc�ee as foAows: a when due the
<br /> . 1. Payiaent of Prtnd�l and In4eresk PrepaY�r►en4 and Late ChnYges. Borrower sdell promptlY P Y
<br />�� principal af aad intemst on the d�bt evidenced by the Note aad eny prepuYmeat and late charges due under the Note. _
<br /> :-•.�� �°�`� 2. P�unds for'ila8es and Insur�nce. Sub�ect w applicable law or w a wrltten waiver by I.ender.Borrower shall pay to
<br /> �:�:� �- Lender on the day montbly payments are due under the Note.uaHl the Notc is paid in fu1l,a sum("Funds")f�ory la��1i
<br /> ;V;,::: te�ces and asr�essments which may attain pdonty over thts Security Instrumeat as a lten on the Pr+�PertY.(b)Y �1 fload
<br /> eazl hazard or ro s insurauce pnami�e:+: (d)Y Y
<br /> :•.,�.�._, payments or gmuad rents on the Pcoperty, if a,ny; (c)Y Y p p �` ��ms ayable by Borrower to
<br /> ..,�'",.; • Iasnrance premiums.if aay:(e) Yeat1Y mortgage insu[ance premiums. if any: end (�enY N
<br />=,_;"_-�`d (��T�in gccotdance with the provlstons of paragmph 8.i�►lteu of the payment of mortgage insucance premiums. '[`hese
<br />"�=�•x=°'�'� - items are c�11ec1"Escrow Items." Lender ma ,at any time.collect end hold Funds in an amount not to exceed the maximum
<br />-._�a,. ;-. y uire for Botrower's esc[ow ac�couat under th6 fedcral Resi _
<br /> ::.,r; s amount a lender for a federally reluted mortgnge loan may req
<br /> ��r�s� g,state Settlement Procedures Act of 1974 as amended from tL�►e w tirae.l2 U.S.C.�2601 et s�q("��'A"f+���otker
<br />����".- i law that applies to the FS�c►ds sets a lesser amount If so,Lender may.at any time.collect amd 7noid Fimds jn an amount nat co
<br />_._�:.�� exceed the lesser amoun� I.ender may esdmaa�tbe amount of F1mds due on thli�le lav�►c�nt�ata �d ieasonable
<br /> esHmates of expendidemes�f future Escrow Items�r Qs�Ise in accordance wit�n APP
<br /> `:"��`�� Tha Funds shuU E�a held in an institutlon wLosz deposits are insured by r+f�dlcral agency. insuvmentatity.or ent3ty
<br /> --:"` — (including&.ender,lf I.ender is such an insttwflon)or in any Fadeanl Home Loan�anIlc. Lender shaU apply Yhe F�luids w paY
<br /> u9 the Escrow Items. Lender may not charge Borrower for hold'ev�g and applying the Puads� '��Y�Y�°� �e �w
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<br /> -�R-=""- � account, or verifying ehe Escrow Items, ualess I.ender pays �arrower int�rest on the Funds m►d fPPHcable�law���
<br /> Lender to make such a charge. However.Lender may requit�e BomoWer to pay;a one�tLme aharg� or an�t• t�
<br />-"`��_�� estate tau reporting se�lce used by Leader in cozwection with tt�is loan,unless appllcable law pmvides uttiCr�.uisp. U'e��ss aa
<br /> --- agreement is made or applicable law requirea intenst to be paid+L,ender shall not be required to PaY Boaoweri�tiy�interest or
<br /> �`r�'_�� �ai�oa th��G, RRrn�wer and Y.ender may ageee in wr[at��,fiawever.that intetest shall be paid ori.the�unds. Ix�tder '
<br /> � shall give w Bomower.without charge.an anuual accounttag o�f tha Nunds.showing crz�:�td��°t�tt�s'Runds endi S�e
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<br /> ---� puipose for which each debit w tfiie Faads wes made. The Punds are Pledged as e���onal sec�inty f�`r all sums sec�ued by
<br /> ---- this Securlq'xnsuumenL �w be held by appIIcable law, L.endet shall account w.
<br /> -- _-� If the�nds hetd by Lender exc�ed the amot�nm p� liqble law. If the amou�t d�F.d��ds heid by =
<br /> ; mo
<br /> ----_ ' ' . ' Borrower for the excess Funds in accordaace with�e icx�utremenu of app' y nms�ro�C in writing,artd,in
<br /> '� �"�+ Lestder at any time is not su�icient w pay the Escc�w Items";when due,I.eader ma so nWify�
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<br /> -- ._;�,:^:�,': ` • • such basa Bomower shall pay to Leader the anaount aeoessary to make up the deficiencyt, �otr0��.� �e np the
<br /> deficiency ia no more than twelve montbly payments.at I.ettder�s sole discrerion•
<br /> ----= Insuument,Lender shall prtrmPt�y t�fif�d��Bocrower any
<br /> -- - --_—� i7pon payment in full of all sums secured by tliis Security Leiader. no}tb t2ie acquisidan or _
<br /> -- � ' punds held by Lende"r. If,under paragcaph 21. L�der sha11 ac9uire ar seu the P�°p��5'' � st the s�s
<br /> �i sale of the Pmperty,s'hall apply any Funds held by Lender at the ume of acquisition or sctle as a cn�ttft�t�►
<br /> secuned by this Security Insnumen� egts:t�eceived by L.ender under
<br /> � 3. Applicadon d Payments. Unless applicable law provides otherwise, aU P$Y�!. M a�a►aunts paysble under
<br /> � paragaphs 1 aad 2 shall be applie,cl:fust,w eny pcepayment charges due under the Note;se�dA)}.
<br /> P�aPh Z�tl�ud+to iaterest due:fotuth,to principal due:end last,co anY late cbecges due uadec the Piote.
<br /> si6one��ttdbutable to the
<br /> — �g, C6arges; Liens. Bonrower shall pay aLi taxes.assessments. char8e� �tsnor �d c+enfa,�if any. Borcawer
<br /> � p�+opexEY which muy attain priorlty over this Seaunty Iastcument,and leasehold paymen Sro
<br /> ; shal!'pny these obligattons in the manner prov[ded in paregraPb 2.or if not paid in tbat msnner,H°irower aha11 PaY them on
<br />--- _ -_-- --� t;me dimctly w the petson owed paymeat Bomower shall promptly fumish to Lender all noticxs of amouni's to be paid w�der
<br /> - - --- rhis�:�axaap�s. If Borrower makcs these payinems directly,Borrower sbatl protnptly furnish to Leader receipts evidencing
<br /> "i '-.:tr-�tntcnent linle�a$tn'tOWet:[8!�RICes "
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<br /> ---- Brnrower sbsll PromgiiY dLscha�e a�ry lle�which�s priurity o�rer t6is�u.�.., tb)contests in good faiihthe .
<br /> m yuritin g co the pa y ment of the obligatiou secured by the lien in a manna eccePtabie ro I.ender:
<br /> - �1 to revent dte
<br /> � lien by,or defends again�t enforcement of the tien in,legat prna�gs a'i�fi��°�n d�S°p�oa o p e m t e P
<br /> -:;�:?�; enfocrxment of the lien:ar(c)secures from the holder of the lien an agreement sat�sfactory•to Lender suboidinating tl�e llen
<br /> art of the Pcu �s subject to�a lien wluch may auain priorit�►
<br /> _! W this Security Insuumen� If Lender detemunes tbac anY P P��lien. Bomower shall.satisf3'the lien or talce
<br /> ---- over this Security tnshument,Lender may give Bormwer a notioe identifywR ,.
<br /> - - � ane or more of the acrions set forth above wltlun 10 days of the giving of aatice.
<br /> -�� S. H a�a r d or E r o p e r t y I�sura8oe. Barcuwer shall keep the�mprovements now existing or h�re�e�ter Erecied on tt�e
<br /> °'�''� a pi,operiy ins�red u�sinst loss by fue,hazaids iacludod within the term"extended ooveraga"auid any other 6ar.aids.including
<br /> --____--� � floods or flaoding,for which Lender requires insutance. This ins�uace shalt be maintained in the aznoants aad for t3ia
<br />- -— -��, t�m3oas �o �n4c:2or6�e�,
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