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<br /> '� .���° ���°��i�i�r urtenen�acs.ond �`'-
<br /> . w�: •. artd all cascmefls��PP =_ _
<br /> , ..,.'�` • ��THER WITH atl tho improvcrrunta nov�on c�reafter erccted on the properh+.
<br /> - _ - a.. o nart of 4It0 PPOg�Y. All rcple9em¢nts end additlon9 ehnll elso be covercd by thls Sectulty �,r.<
<br /> '' — {unures now or 5::�'.:..-- - . ent es the°�P*og�y." �w�d
<br /> ., t 1�1yuu�rnen�A11 of the foregoWg ia refezred 4o in this SecuritY�ised of the es�te hereby oonveyed ru►d ha9 the dBht w� "° �_�:
<br /> �: BORItOWER COVENAI�iT9 that Bonowar is lawli�lly t for encwnbrances of reoord. Borrower werrants and will _
<br /> ' conve3r the ProperlY nnd thsYt the Pcoperty is aq ctuims eud dernands�e�b3�t to atty encumbrnncea of record
<br /> �° : �`�` de:end geuerelty the dtle to the PropertY agains� t
<br /> _ TFiI��ECIJRI'CY INST[tUME1�IT combines u�i4'o u�sYeuca nt c�f rin�Q rec+9 pT�jr,non-uniform cavenauts with limi :==
<br /> __'�"�:'.:'.,.� v e r i a t tona b y+j u�s d i e d o n w e o n s t i t u t e a uniform secueity' �f o l l o w a:
<br /> [JIVIFORNd OOVENANTS.Borrower and L.ender CO nt and L Ct��r8� Bonov�er shall promptly PaY when due the
<br /> • .`{ sl und IAt�test; PrepaYar
<br /> -�_�;`�t. 1. gay�e�n¢ 03 Frtneip t aied late charges dua��the Note. _
<br /> princip�l of�d in�ze�t oa tha debt evidenoe�by tfee Note and any Pre�y�'�
<br /> Botcower shail pay 40
<br /> ltcable law or tm a wriuea waivet by Len����,fot:(n)yea�ly taxes
<br /> i.. Z.Funds 4ma 1'azes end Im�urance. Subjeat W app �rl let�sxltfll�payme�s
<br /> . -'': L,en�xr on the daY mo�btY P�EIrts ara d�a under the Noto,until the Note is paid{n#iell,a sum(
<br /> ern� a Uen on t4ea Pcoperty:N)Y y remiwms,
<br /> `,: , and assessments which a�aY a��►Priority over dds�e�uritY Iastrura ce reiniums:(d)Ye�ly flood ins�a'ans;e P m
<br /> � � or grow►d rents on the Pcoperh+,if any;(c)Ye��Y hax�rd or property insuran P le Barrower to Lender. in acxorduuca with
<br /> � ��� � ao
<br /> � . • i earl mortge�e insurance premi�ns, if any; and(� Y ums.These items Are called"Fserow Items."
<br /> �',�;• ,- , if any;(e)Y y q�g�in lteu of tha p�tyment of mortEage inswan�e prerai
<br />�,""`{.�, the provisions uf parnB�P
<br /> `�.� �� collect ead hold Funds in en amount noY w exceed tbe m�cimmn emo�untemeirt Peor�edures�Act o
<br /> . 'e;s-=---- Lender maY� at anY tima,
<br /> ��JA.�.� fot Borrower's escrow�ccount uuder the federal Roal Bstate
<br /> .�-�^�A related mortgeSe lo�►may re�luire RESPA ),unless another law that ePP
<br /> '� .�~r� 1974 as e�tdt� �om hme to tlme. IZ U.S.C. 5�ctlon 2601 et seq. (' °
<br /> lies to tt�e F
<br />���•:'"'�'� Lender maY, at any time, collect and hoM��mds in om m�ount not w ewceed the�l��0�
<br /> '�'°�_=-�-' sets a lesser amoiar�t If so,
<br /> ���� Lender raaY�e ths emount of Funds due on the basis of curr��t 8�ta nad reasonabla esdmate�of expea _
<br /> �_;,���"- `• Escroyv Itema or otben�vise in accardance with applicable law. b a federal sSe�►aY, instrunten2�lity, or enttty � �_.
<br /> ;.�.4i.,+�,�, The Fuuda shall be held in an insdwtion whose deposits are iasured Y
<br /> . (ittctuding Lendet,if Lender is such an institution)or in a�ry�Federel Homa Loaa BanZc.L�endet sball�pply tha Fuada to pay the �r;::
<br /> <);�;. : end aPP�Y�B�Funds. the escrow socotmt,or
<br /> ., nat chasge Bnrrower far holding arwually analyzm8 �P'�:
<br /> ..°. .�! Fscrow Items.Lender usa�+ licable law pe�rmits I,euder to malce such -
<br /> .°:"=�'�"�`���?i Yerify�tg tt►a Pscraw Itenns►unless I.eader pays Borrower interest on the Funds end app
<br /> 'ti�.�, Lencter mmY r�9��orcower w pay a ono-tinme ch�sge for em indegendent renl�tate tex repordn8 s�� �
<br /> e eement Is made or
<br /> a chacge.Howe�►ar. lleable la�v provides othernlse. Unless sn�T on the Pun�s:
<br /> ; :` used by Leader in oowcuect9on wlth this loan, unless aPP goao�ver a�►Y interast 9t�&g --
<br /> '°'4_--_- - ' 'appliCNble law ceqnites intet�st to be paid,LeDder s1�811 not be reyuited Eo PaY d on the Funds. Lende�r shell geve.to Sor[m�rt�'. �
<br />—---�'==f . • �,.-;�s.�i'��-�(�r may eS'A'ee ita wtittng,fiov�aver, th�t��� ��!st thP Funds�a�4t�e G��r�vinich�iuh
<br /> -�." - - wittlout cDu�r6� an annual accou�►8 af th�Fuads, saowiag for sll sums secured by�is Socurtry Instr�r�.
<br /> _��� debit to the Fuuds was made.The Funds axe pledged as eddittonal seaaiiY
<br /> ������pe�mitted to be held by apPitcable law,Laidcx aball ec�unt to Borrower
<br /> - If tho Funds 1�eld b5+Lend� e�s of lir.able law. If the anwunt of the Ftmds bsld by L�ender�a eqY
<br /> for the exc�ss Funds in a000rdance wIth the requirem 8Pp g�wer in writIag,ead,in such cese Borrower
<br /> tima is nat suffcient to pay the F.scsow Ite�n�ce�e deftcie��Borro�vrer sf�all malco up the deficioncy in no moro t6aa
<br /> -- — shall pay to Lender the emount nocesserY
<br /> - twelve aiomhly paYm�►ts.at Lende�'s so te d t s c r e t ion�Security Instrument. Lender ahall promptlY¢efLnd to Bonower enY
<br /> -- - -- Upon paynxnt in ti�ll of all sums socund bY
<br /> Fands held by i ender. If.uader paregraph 21,Lseider shall ecquire or sell tho Praperty.Lender.Pstor to�aimu��sxured bY
<br /> o f t h e P r a p e rt Y.s h���P1 Y�Y Funds hold by Lender et the time of ecquiattton os sale as a cradit egnins�
<br /> �� ticable law provtdes otherwlsa. sll paya�cnts received by I.eader under pareS�D�
<br /> � 3.�Api plicstton ot BsYments.Unless eDP �es due uada the No�seoond.W emowrts Payable under paraBcePh 2:
<br /> 1 aud 2 sha11 be aPDIIed:�+�D�Y p� es due under the Nate.
<br /> thitd,to tutores¢clue�fo�rth,�P�ncipal due;end last�w auY late�g� �s�d impositinns attributabie to tha Property
<br /> � 4. Chu��s�Lt�ns.Borrower shall pay ail taxes,ass��old���'S�und r�s, ��+Y• Bomower shall paY
<br /> vdhich maY$�p�ority over this Security Ins� d in t6st manner,Bolrov�rer shall pay tham on time dira�lY
<br /> ._ -- ---- th�se obligadons ic►the manner provided in peregraph 2.or if noc pat d nnder t6is par�gtaPb- -
<br /> to tho petson owod payaQen�Eorrower shaU promptlY fumish to Leader all nodces of amow�ts to be pai
<br /> If Borrower makss these P�Y@ wer shall pmtaptly fumish w I.ender roceipts evidencia8 t4�e��
<br /> Borcower shall promptlY disch�88 ani'l;w wh�ch has priority over dus Sac�uttY Ius'�mx�unless Bormwer:(�the 'liesi -
<br /> t of the obligation sscured bY tka iten in a mam►er aooepmbla to Lender;@)oontesta in 800d
<br /> writing to the�A ��of tha lim in. legai Pmaedi°�which in the Lenda's opinion opetete����to
<br /> by, or defends�ns� �isfactorY to Lenddr subordinaQtnB
<br /> �of the lien:or(c)secures f�am the holder of the lien an�sub'ect w Q lien which may�PrIortty over
<br /> shis SxurltY Ins�If I,ender deteraeiaes thac aaY Part of t�e PlopatY J
<br /> --N-� ���y�s�ument,I,ender may give Bonower a natice identityiAB
<br /> the llen.Borrower st�aU satisfy the Uen or�ona or
<br /> -- mon of the ecdons set forth abave within 10 days of the gtvin8 nf aotiae.
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