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<br /> .. TO(3E77-IER WITF!all thc impravemema naw cu hcrcaflcr ercYted�+n tho pa�eny,und ull cu�aKnt+.uppurtcnw�cc�,
<br /> and fixturcr now pr hereafter u part oP the propeny. All rcplacemen�a und uddili�ma rhall ulw►be cov�ed by Ihlx�urity
<br /> •. In�trument. All of thc fbrcgaing ix refermd to in thix Security Inxlrurnem aa thc"Pmpeny."
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<br /> - BORRQWER COVENANTS thwt Borrower i�luwfully hci�cd �+f thc c�latc hcrcby conveyed urxl ha�Ilic�i�ehl�u grant
<br /> f"� and convey Ihe Pruperty and that 1he Prapetty Ic unencambereQ.except P�r enrumbroncex of re�:urd. Burrower wurroMr un�l
<br /> �--. ,:; wlll defend gcnerully the ddc ta the Pmpeny agein4�all clefms and demand�.xuhicc��n uny encumixuncc�,�►f recurd. ___
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<br /> • ' TNIS SECURITY IIVSTRUMENT combines unlform covrnums for nationul u�e und nun•unit'�xm cnvenam� wi�h —
<br /> " °. �''^ `""`.• limited vnrietions by ju�isdiction to constitute u unifortn Fecuriiy inatrumem crnering reul propeny.
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<br /> , _, ����•+�- UNlFORM CQVENANTS. Borrower und Lendercovenant nnd ugree u+follawh: —��
<br /> 1. Payment of Principal And Interesti Prepwymeat and I.ote Chw�gea. �orrowar shull pmmplly puy when duc the —
<br /> ��.��•. principal of und incerext on the debt evidenced by the Nate und uny prepuyment and lule churgex uue undcr 1he Notc. �:�--
<br /> _����•` `� 2. �ads�or Twxes And Insu�aace. Subject to applicuble luw or ta a written wuiver by l.ender,Bonrower zhall puy lo �
<br /> =,,�,',. �;�.:� ''�::�• Lender o�the daiy ma+i�h1Y PAYmentS ure due under Ihe Nate,until thc Note is paid in WII,u.w»�"FLnds"1 fcx:(a)yeurly r- ---�=e---
<br /> � �x��.''.' ' ''`' taxe�And assessmentc which ma Anain riar! �ver this Security ln�trume�nt as u li�rn on the Pmpe�p;lb)yeauly leusehold ���
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<br /> .�,:,.,.�:: ,�'s•��, e ms a r m u n d rents on �he Pro Y W°i'� P
<br />'��_-�,�3�'%�;����:���ti�����r.; P a Y m R p e r t}r. if s+n y: (cl yeurl hiuurd or n} insurnnrr remium,; W1 Xru�iy ticial ---. _..
<br /> *,,, �� ,r�, � inaurnnce �remiums, if pny; te) yenrlv mongage insumnce premium�, ii any; und ifl uny �ums payuAir 4y &�m�u�e�iv ",
<br /> f' ' '`(��f���' L.end$r,in uccordnnce with the pmvisions oi pumSraph K•in lieu af�he payment of monguge insurnnce pmm�ums. 7'hese
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<br /> .—Y,,,,,a;;���,�; � items are called'Bsc�uw Items.' Lender muy,ut any�ime,callect and hold Fund�in an amnunt nat w rxcced the maximum �,-—
<br />_,���i�j;;� �a-', R- rxt amount a Iender for a federally relaled mortgc►ge !�n may reyuine for Borrower R escrow accuunt uade�the federnl Reul
<br /> ""�'f<�'. ` " , r Eswte Settlement Procedures Act of 1974�s�memled from time to time. I«U.S.C.�2(�01 r�i�q.l"RESPA"l.unl��ss another � _
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<br />. y}, ''�' p•� ;�;�t�;�t�i c,.r Iaw that applies to the Funds sets a lesser amourn, If so,Lendec muy,at nny time,collecl wH1 hold Funds in un amaunt not io _
<br />``;;>3� ?••L``S;'i;��rt�•• . exceed 1he leascr wnount. Lender may eatimutc the s�m�unt ��f Funds due an the ba.cic of current duts+ ond rearonable __
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<br /> :'�`���.�• :.r . . estimates of expenditures of future 6scrow Items or atherwise in uerurdance w+tfi o�plicnble luw. __
<br /> :;;�la; '�' .� • The FLnds shai0 Q+e held in an institution who.e deposUs i�r� insurc� by u federol agency, instrumentuliry.or entity --
<br /> jt',. ' '�•'~�-`" , (including l.ender,iF l.ender is such an instituti��n�ar in any Federal Home Lonn Bank. Lender shall apply thc Funds to pny
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<br /> is _.;y,�. . . ._, the Es��row Items. i.ender muy nnt charge Bum�wer for holding and npplying the Funds,annunlly unulyaing the e+crow `,. , fi .
<br /> accaunt, or veriiying the EscraK• Items, unless l.ender pays Borrawer interest on the Funds und npplicublc luw permits ,.; �,+ }':
<br /> '{"`l� �;�.'�,� „� , ° Lender�a m�ke sueh A char�e. N+�wever,Lender may n�quire Borrawer ta pay u one-�ime churge for nn independent real �Y�„��)f'�
<br /> estate tux reportinR ser��lce used Ly Lender in connection wilh this loan,unless upplicnble law provides atherwise. Unless an " ��',f;i�.�,;_:
<br /> `r , ' ��i� `��''"�'�� agreement is made ur applicable I�w requires intenst to be paid.l.cnder shall nat he reyuired to pny Borrowcr any interest or �;;s i �iYl�
<br />_,,:;{.�' .�• � '"'`' eami�g9 an the Funds. Borrower and LendermAy Agree in w dting,hawcvcr,lhut interest xhall 6e pnid an thc Funds. Lender � � ,�;...__
<br /> ��:. ' ''t '' sP�afl ive 10 Borrower,without ctuuge,nn annuul accouming of the Funds, showing credi�s and debitti ta the Funds und the ` '`+�'�r� :_-
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<br /> - , . , purpase iur wi�icli eath dzbit w:+e Tur�s was made. The Funcls are pledged n�addii�onnl security for all sums secured by .: �,,�, ._
<br /> � ' • • � this Security Inatn�mcnt. ���;����
<br /> - ' " � If�he Funds held by Lender exceed the umounts pertnilted to be held by upplicnble luw. Lender shull uccoum tn �'�r'�'�%�>�`�-
<br /> • � �, Borrower for the exccss Funds in accordunce with ihe reyuirements of upplicable luw. If the Amount of Ihe Fund�held by ,��'
<br /> ' �� � Lendcr ut any time is not sufficient to pay thc Escrow Items when duc,Lendcr muy so notify Borrower in wri�ing,und,in
<br /> � ��- � � • . such case Borrower shall pay �o Lender�he umoun�necesrnry to muke up the deficicncy. Borrower shall muke up Ihe ______"
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<br /> ; deficicncy in no more thun twelvc monthly paymentr�,at Lender�aole discretion. -�
<br /> . ,. • Upon puyment in full of ull sum�secu�ed by this Security In.r•Irument,Lender shall promplly rcfund to Borrower uny ''- ,F'����
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<br /> , ! N ".;: , • Funds held by Lender. If,under purngrnph 21,I.ender shall ucyuim or,ell the Pri�perty,l.ende�.prior�o the ucyuisitiun or ! �__ ���
<br /> ti � sale of the Property, shall upply uny Funds held by Lender ut thc timc of ucqui�ition or.ule�s u credlt uguinsl the xums ,,,,,,.� __
<br /> seeured by�his Security Instrument. '-� .�.
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<br /> " '� " ' 3. Application of Payments. Unle.s upplicablr luw pruviJes olhenvihe, all payments receiveJ by Lender under �
<br /> :,;�j� V�� , �� pnrographs 1 und 2 shull be upplied:lirrt,to uny prepaymem charge�duc under the Nate:+econd,to umoun�� u uble undcr �----
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<br /> ' ;,;,,� , , puragrnph 2;third,to interest due;fourth,to principal due;and lus4 to uny lute chur�es due under the No�e. �•�'^r'r��_`
<br /> � 4. Charges; I.iens. Bo�rower shall puy all �uxes, axsc,cments,charges, finex and impmitions uttributable ta the ���"""
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<br /> . . '� ' , '� Propeny which mny uttai�prioriry ovcr this Secu�ity Insuument,:u�d leusehold puymenlx ur ground rents,if uny. Borrower . i'�'j;:,�,,�
<br /> ���" shall puy�hesc obNgntions in thc manncr providccl in pu�agrnpli 2.or if not paid in thot monner.BoROwer shull pay them on .R`.^�:=-a:�_ ,
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<br /> time directly to the person owed puymem. Borrower sholl promptly fumish to Lender all notices of amounts lo be paid under �•
<br /> :_� ��° � this pamgruph. If Borrower mukes these payments direc�ly,Borrower zhall prompdy fumish to Lender recefpts evidencing =;.�,..�� •
<br /> � :ir, i-i�� -
<br /> the payments. ` . .�����}�r{.e
<br /> �v= Borrower shnll pmmpdy diuhurge uny lien which ha+prioriry over�his Securily Intilrument unless Rorrower:(nl uRrees •• ;, -_
<br /> � ' . '. in writing�o the payment of�he obligaticx�secured by the lien in a rnunner ucceptnble to l.ender,Ib)cnntests in t3ood faith the ;���Y��v��"-"
<br /> � • � . lien by,or dePends againu enforcement u f t he l ien in,le a l roce��c l i n s w h i c h i n�h e L e nderk o mian rute to revent�he '•��'-"�.:�-
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<br /> •� ' enfo�ement ot the lien:o*1c►se�:urc.from Ihe holder of the lien un agreement satixfactory to Lender subc►rdina�ins�he lien x.k;,
<br /> �' � � to deis Security Instrument. If i.�r determines thut an nn of the Pro n is sub'ect to u lien which ma uttuin ttiorit �y •
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<br />, " � over this Security Insirument.L�nder muy Five Borrowcr a noticc identifying�hc lien. Borrawer xhall xa�isfy the lien or take _��•:.;::�z�.
<br /> . ,;' one or mo�e of che a:cions set fonh above wilhin 10 duyti of Ihc giving of notice. � ,
<br /> �, „ . , g, Hywrd oa�Property Insu�ce. R���rawe�+hull keep thc improvements now exisling or herenfter erccted on the �
<br /> pn�perty insured usaiRSt loss by Pre,hazardi mcl�ded wi�hin the tem►"extended coverage"+md uny other hazards,inrluding +�
<br /> � • , floods or ftoaiing,for which �.end�r rcyuit�s insurunce. 'fhis in.urunce shall Ix maiotained in Ihe amounts nnd for dte
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