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<br /> 102886
<br /> 'P(l(lBTHBR WI7'H all the ia4ptovaaents rowor hacnttu e�octad on the propeAy�and�II euar�ent�.oPW���d
<br /> ...;° itnturos aow or barafter • put oP tho pmpenY. All �plavemcnts wd additions chall �Ico be cavered by thi� Socurity �—
<br /> ln�ument. All of thc fon�oin�is reiemd to in t6b Security lnstniment n�the "Properry.•
<br /> BORROWER COV@NAN7'S tlwt Bomnwcr is I�wfully�eicod of the e.sttte hcmby vameyed and ht+ tho righl to Qrw�t and
<br /> � °;' " convey tho PmpeRy and thut the PtopeAy i� u�namberod�except for cncumbranccs oi roamd. &�rmwer wxnuus md will __
<br /> '. , `,., defend�enenily the tida to the ProPa'tY+�dnst oll cls�fms and dem�nds.cubjxt to uny encumbaux.ra of recard. —_--
<br /> �� . 7'RIS SSCURITY INSTRUMENT combines uni form covenants for rwtional use and nan•unifarm covetwnte with limlued �
<br /> = � '�'�'7"'"� varWion�by jurisdiction ta amstituto a uniform socurily instrument caovering real propeny. �____ ` --
<br /> ' i�"�' UMFORM COVBNANTS.Bc►rrower and l.es�der mvcnont and pgree as follows: °p't"'=
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<br /> -_�,. ` �".-_, ,1, l. P�ymeot ot ihiadpal pnd InlereQti �P�J'���wd l.ate Cl�en. Borrower sha{I pror►�pt�Y PaY whcn due the
<br /> ��•�• �}� •� priacipal af and interat an tha debt evidcnood by the Note and any pre{u+Ymen�and late charges duc under the Nute.
<br /> ,�av.r�,_e k,.
<br />— •-�-:;:• ..,.. 2.�ad�tor Taxes and Ipcurnna. Subjoct b applicable iuw or ta a written waiver by Lend�r, Barruwer sh�ll pAy to `
<br /> �""' �. , I,cnder on the day monthly paymenu ar+c due under�he Note,until lhe Notc la paid in full.a sum('Funds")for. (01 yeady tue.+
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<br /> '== And acsessrnents which may attaia pdority avar thia S�xudcy Instrument as a lien on the Propeny:lb)Yearly leusehald payments .�- ,-----
<br /> . . �.: .
<br /> `a"`�g y or ground rc�►ts on the Property,if any:(c�YeariY harsud ur pn�erty inaurnnca premiums:(d)yrsirl flaad insurance prem ,
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<br />—'"c'��'.'; ".. if any:(e)Yeuly mohgage ia�urancc�re�niums. if any:�r�d 4�aa!' suma puyublc by Barrower to l.ender, in accorda►�c wisd _ -
<br /> -- —.'•'��,�,;��t•.�;''.:� ; of e iawrnnce remiums.Thcso items ure cAllod Esc�vvr Ic:ems.'
<br /> tL�s provisione af parag�apA 8.in lieu of the p�y�ned �$v1B P �
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<br /> _ �'�'�;,:;�;..,; ° . I.ender may.at any time,collect aad dald Funds in an�r�wat not to exceed 1hc maximum amount a lender for s�fede�lly �
<br /> _��.�� ., r+elWed mongage loan may requi�e for Borro�wer's escrow acc�ount under the federaiJ Real Estate Settlement Prcx�edu�es Ack oi' �r:;'-
<br /> -��_��-- 1974 as amended from time to�ime. {210.S.e.S�aion 2601 et s�q. �'RESPA"). unless another luw�hat applies to t6e Fl�re�ls Q,_ -
<br /> �`� �• °� '.� sets a lesser amount. If so. L.ender may, ut nny time.collert aod hold Funds in�n wnount nat to exccxd ihe lesser u��x►urn. s
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<br /> _ Leader may auimate the amount of Funds due on�he Iwsis of cumem date and reasonsible ealimates oi expenditure�of futa�re «,���.--_-_'
<br /> '.- •. �;�• � � Escrow items or otherwise in xcordarue with applicable law. �
<br /> " us are insured b a federal a enc instrume�tali . ur onti �'_."='`�-?
<br /> -:;; ? .�•,. M The Funds shall be held in en institution whose depos' Y B Y• h' �
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<br /> - �•'-° (includl�g l.cnder,if I.endcr is such an institution)or in any Federal Home Loan Bank. Lender shall apply thc Funds ta pay
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<br /> _- >. Escrow Items. l.ender may not charge Borrawer forholding a�d applying the Fundg,annually unalyxing tMe escrow acrnunt. or �
<br /> ` "`�. .�J verifying the Escrow Items,unless Lender pays Borrower interest on the Funds and epplicablc luw permits l.ender to rnake such =_
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<br /> _�,_i ;:',.ti:. a charge. Howevcr. Ler�de�n�u►y require Bonower la pay a one-time rliarge for an iadependent real estatc te�c reporting:vervicc �:,:::�_
<br /> - ' .:,i?,...•`�'' ' � usod by l.ender in canne�ti�,,n with this loan. unless npplicable luw provideK ��t0�erwise. Unless an agreement is madc ur _.._---
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<br /> epplicable law rrquirea interest to 6e paid.[.cnder shall not be reyuired to pay eorrower any interest or earnings on thc Funds. 4,,,,,.�_,_
<br /> !`: 1� �� ' •"� •icus: . �,rmwer and l.ender may agrec in writing, however.�hat interest ahall bc paid un the Funds. Lendcr shall givc to Barn►wer, �_� ¢ .�„--
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<br /> tf,:,,,i��'� . without chatge. an annual accnuntiog oi the Punds, shaw•ing credits and debits to the hunds nnd thc purpasc io� wLicB e�;h --
<br /> ' �; debit to the Fands was made• The Funds are P�ea�Sed as additianal uxurity far all sums seturod by this Securitv lnsttument.
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<br /> �' '-;+• If the Funds held by Lender exccxd the umounts pemutted to be held by upplicnble la��v,l.ender shall accaum to Bortower ��M,
<br /> ���'•K� �'� for the excess Funds in acco�dence with the requirements of applicable luw. If'thc amount of the Fund4 held by l.ender m any �_,,,,�„_�.
<br />;;t.;±•a:;,' '�' . � time is not sufficient to pay the Escrow Itcros whcnduc,Lcnder may so notify Borrowcr in writing,und, in such wse Borrower ��`,x�;;::,__,
<br /> ���' � ��'�, .� si�ll pay to i.ender the wnount necessary to mulce up�he deficiency. Borrower sholl muke up the deficiency in no more then '�,N�q , .=�_—
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<br /> ,.,,,,,. twelve monthly payments,ps Lender's sole discretion.
<br /> �"� ,�'�t,��.l;;` . Upon payment in full of all sums secured by �his Security Ins�rument, l.cndcr tiholl promptly refund to Borrower any �,i...r�::�:.
<br /> • ,.�� - ,hall ae uirc or rcU thc Pm rt ,Lcndcr,prior to thc ucquisition or sak ��=-�-'
<br /> # . . Funds held by Lender. If,under paragrnph 21.Lendt,r y P� Y --- �...�
<br /> t . • of the Property.shall apply any Funds hel�by L.eadcr at the timc of acquixitinn or wle as u crodit ngain�t the sums secured by _._�___---
<br /> r --c th�Security Instrument. ���-'�:`_'�,-�-___
<br /> �.;-�.- .. 3.Applleation oP Poy'meafs.Unless app8cable law pravides othenvise,ull puyments received by L.ender under paragraphs •.,�y:�. �,•<..
<br /> ' '^�'• 1 end 2 shall be applied:first,m ony prcpaymen�ch.irgcs due under thc Notc: ux�Md.ta umounts payublc under paregraph 2; ,�,,;:�._-�
<br /> � ' � , ` third.to intenest due:Pourth, to princi�al duc:und la�t,tc�uny late charges Jue uoder thc Notc. � •�`�-
<br /> , �J �` 4.Ctwtges; I.lens•Barrowcr shell puy ull taxes.a.�scssments,charges. tincs uiul impositions uuribmablc to Ihc Property � _ ;; __
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<br /> �� ",, •'. ' which may aquin Yriority over�hia Sccuriry Ins[mmcnl. und Icu�chald pAymem, or gnwnd rents, if any. Iiiinawer sh�ll pay ;
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<br /> � �1,�� � . these obligations in thc tnanner provided in parogr�ph 2.��r if not paid in that maoner,Borc�iwrr shaU pay�hem on time din.ctly �c.,; � :
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<br /> � �.;;�n�:;x�,,�; to the p crson owcd paymem. Bnrrowcr shall pmrnpt]}turnish to I.cndcr all noticcs n6 umaunts to bc p;►id undcr�his paragraph. „ .,� :;_.__.
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<br /> � �.�w ,�;�t�r��, If Borrower mukes these payments dircctly. Bnrrowcr shull pmmpt{y furnis h tc►Lc n c trr r��ccip t,cvi d e n c i n g t h c p a y m c n t s. ��„ . _
<br /> ' f�. , �,.. `�;'ar� ;�,i 8orrov.•cr shall prompdy dis�.�hnrge uny licn which ha.+prii�riry uvcr this S�xurity Instrumcot unless Borrowce (al ugrces in �:• .
<br /> ' i�i , ' ' ' � .""�t'�`s' wdting to the payment ai the obligutian secuad by the licn in u manner acceptublc�o Lcixlcr:tb�conlests in�;ad fs�ith the lien -'�. - �.� �•-'�
<br />`;�;;•�� . by, or defends pgainst enforcement of thc lien in, legal puiaxKlings which in thc l.ender'� �,piniun operate to prevent the �•
<br /> eniorcement of thc licn:or(r)secures from tho hnlcicr of ihc licn un agr�Ynxnt wtisfuctory to l.cndcr tiubordinatin�the licn to k
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<br /> '� � ' this Security lnstrument. If Lender determines thai anv p:ut of ihe Praperty is+uhject to u licn which muy attain priorily over
<br /> �'�;• ' ` this Security Instrument,L�:nder m•ry givc &im�wc*a noticc idcntitying thc licn. &►rrowcr+hall�tiafy thc licn or take one or �
<br />� ��, ' , � .. more of the actiuns sct forth ulx�vc within 10 du}•,uf�hc giving ul�nuticc.
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