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<br /> 'PO(3BTHER WITH dl�ha impmvemena now or ba+a�Ru crected an tha prapeiiy.a�D�l . .wd
<br /> fiztuna� naw or t�ercafter a part ot �ho pmpe�ty. All rcpl�caitentw ond �ddition: eh�ll dw be oover+ed by this Seaalty
<br /> It4wmetit.All of thc forc�oin�is rcferrod to In this Sa:uritv InWtnunent as the'Property.'
<br /> 13ARROWER COVENANTS Ih�t Borrower io lawfully sels�od of the e,stata hGnby conveyed�nd Iw�the dQht w�nt�nd
<br /> oonvcy�he Pmpecty and th�t d�o Propeny is unencurt�bemd. e�cept for e�cumbr�u�oe� of rerotd. &irrower warnrMa�ad wUl
<br /> delend�enern8y tho litle to�he Property�i�t all clpimr ad dem�Ma,rubjact to uiy encumbnix�ea af rocard.
<br /> THIS SECURiTY INSTRUMENT combines uniform rnveaants for rwtion�!use and twn•uniform ooven�ntt wlth limited
<br /> variations by judsdiclion to constitute o unlfornt cocuriry inwrument cavedng real property.
<br /> UNIFORM COVBNANTS.Borrower and L.cnder covenant and ogroe�s follows:
<br /> = 1. PAywent of PrincipW aud Iutere�li �p�y� �d late CbarQc�. Borrower �lwll promptlY pAy when due tbe
<br /> principal of and inte�est on�he deM evide�rd by the Note and�ny preppyment and late chrrye�due uncler the Note.
<br /> 2.Ftind�tor Tazea�ad l�e.Subject to applic;able law or to a w�itten waiver by Lender. Borrower Wwll p�y to
<br /> L.ender on 1he day monthly pwyment�are due under the Noto,unlil thc Note is paid in full.a�um 1'Funds')for:(a)yearly wcea
<br /> �nd assessmems which may Wwin priodry over thia SOCUr�ty Instrumcnt as A lien an the Property:(b)yauly leasehold payments
<br /> or ground rcnts an.tMe Pro�xstty.if any:(c)Yearly hazurd or properey insurrnco prcmium.v:(dl Yearly 0aod insuronce premiums.
<br /> if any: (e)Yeariy mortgugs insucance prcmiums. if any:and(tl any sums payablo by Borrower to l.ender. in acwrdnnce with
<br /> tho provisions of parogr�ph 8. in lieu of tha payment of maAgage insur�nce premiums.These itans•ara called"Escrow Items."
<br /> I.ender may. At nny tima, rnllect and hold Funds in an amount not to eaceed the maximum�nount a lender for a federally
<br /> neluod mortgage loun may rcquire for Borrower's escrow acawnt under the federal Real Estale Setllemenl Procodurcs Act of
<br /> �-i 1974 as amerdad irom time to time, 12 U.5.C. Saction 2601 et seq. ("RESPA").unlass another law that appli�s to ttie Funds
<br /> -= cets a lesscr nnmunt. If ca. I.cnde�may. m any time. rnlloct wid hold Funds in an amount na to excaxl thc lesser amount.
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<br /> Lcnder nwy e.ctimxte tha amount of�unds due on the basis of curnrnt dwx and rwsot�bla esUmata of oxpenditurts oi fuwnt
<br />- - Escrow Items or otherwise in aceanlanoe with applicable law.
<br /> �,'.'• The Funds shall be held in an institacion whose deposits arc insured by a federal agency, insuumentality. ar entity
<br /> (including Lender.if Lender is such an institution)or in any Federal H�me Loan Bank. I.ender shall apply the Funds ta pay the
<br />" �� Escrow Items. [.ender may not charge Borrower for holding and applying the Funds, annually analyzing the escrow account.or
<br /> ���! ve�ffying the Escrow Items,unless I.endar puys Borrower interest on the Funds and applicable law permita t.ender to make such
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<br /> A rharge. Howe.ver,l.ender may requirP R�urnwer�n�ay a one-tin�e ct�erge for an independant rr�l estate tuz reponing service
<br /> .�,; usod by L.ender in rnnnection with this loan, unless applicable Iqw provides ahervvise. Unless an agreement is made or
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<br /> applicable!aw�+equires interest to be paid. l,ender shall not be�equired to pay Borrower any intcres�or earnings on the Funds.
<br /> -;_� Barrower and L.endcr may agr+ce in writing,however, thnt intemst shall be peid on the Funds. L,ender shall give to Borrower,
<br /> ";,v/. wlthout charge, An annual accounting oi the Funds, showing credi�F and debits to the Funds and the purpose lor which each
<br /> ���.� debit to the Funds was�dade.The Funds are pledged as additianal security for all sums secured by this Securiry Inswment.
<br /> - - � --{;<— If the Funds held by L.ender ezcced the amountE permitted to be hefd by applicubie iaw. i.ender s6aii uccoum to Borrower
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<br /> � �ir:` ' � for the excess•Funds in uccordance wlth tha requirements of applir.able Iaw. If the amount of the Funds held by I.ender at any
<br /> :,,j;. Y time is not suificient to puy the Escrow Item�when du�,l.�:nder muy so notify Borrower in wriling,and,in such cuse Borrower
<br />`_,�`�;� ;ti�� 4 .+ :�;, ,,q shull pay to l.ende�thes am�wnt ncxessary te,make up the daficiency. Bonawer aheil make up the deiiciency in no more �Fu�o ,
<br /> ';«, � 'ns;4':,1?akt� twelve mnnlhly pAymantx,ul L.ender's r,ole discretian.
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<br /> _ , '�ti�',/` i4$;;rs ii�•'``:
<br /> � ��, r �� Upon pnymem M full of ull �umr� secured by [his 5ecurity Instrument, Lender shall promptly refund to Borruwer an}�
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<br /> �t�.�.�.;_.,�;�,,,. Funds hald by I.endor. lf,under pumgrrph 21.L.ender,hUll ucquire or xell ihe Praperty.Lender,priar to the ucquisition or sale
<br /> - �.;�}Z;�;�;�,•�:�.,���'r of the Propeny.sha14 Apply uny� Funds held by I.ender at the time of acquisitian or rale as a credit against the sums aecured by
<br /> - r... :�• �` thisSecurity Instrument.
<br /> `�'�, ` �y 3.Applicwtion ot PaymenL�.Unless applicable law pruvide+otherwise,all payments received by Lcnder under paragraphs
<br /> ,�;ft�`"'� , �',:,,.,•' 1 and 2 shull be applied:firs�, to any prepnyment cherges due under the Note: u:cond, to amcwntR paya6le under parasraph 2;
<br /> � °����'"'� ' thi�d,to intercst due;fourlh,to rinci al due:and lust.�o un late char es due under the Note.
<br /> �1��aw`.::���• a*u.,,. P P Y 8 •
<br />_ ��„�.�,�_�f,�; 4.Clwrg�; Liea4.BoROwc�shull pay all taxes, assessments,charges, fines and impositions attributublc to the Propeny
<br />_ •���•:;;5;;-���-�-�-�;;, �vhich may attuin prinriry ovrr�hi.G���r�ty In�trument, und leusehold payments nr ground renls, if any. Borro�ver shall pay -
<br /> ,u�i„v:.;.��•-.r,,��:j'� these obligationc in the munner pmvided in puragrrph 2,or if not puid in Ihat munncr, &►rrower shall pay them on time directly
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<br />�`;;;:;:; ;:::,:a�+�a•• ' ' to�he person oweci payment.&��rower shall promptly furnizh t��I.ender all notices of amountn�o be paid under this paragraph.
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<br /> %i:.;},' i ry,.-.�.;:;s;4'.?;,;. If Borrow�r muke��heu payment�di�cdy,B��n�iwer shall promptly furnish to Lender rereipts c��idencing the payments.
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<br />��;��h;� ��� :� � ' Borrower shall pr��mptly dischargc any licn whirh hu+priuriry uver�hiti Srrurl��� ln�trument unlc�+&�rrowzr:(ui ugrers in
<br /> T4��" e, '•°� t writing�o�he payment of the nbligution xecur��l by thc lien in u munner acceptablc to Lender; Ib)rontests in gcx�d fuith the lien
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<br /> >; �; �•-�- - -- • by, or defends aguinxt enforccmcnt of thc licn in, legal pnxceJing� a�hirh in thc L.rndcr'. opinion aperutc hi provcnt the
<br /> •`�;^ '"K* '� enforcemerx of Ihe lien;or(c)serures I're�m Uk hulJrr nf thr lien an ugr�rmcnt wti.l'ucton��a Ixnder aulxirdin�ting the lien ta
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<br /> -`� ,�,.��Yt+c•<, •.,�,. , ' this Security Inrtrunxnt. If Lender drtemiine�thut any pan��f�hc Pro�ny i��uhject tu u licn�vhirh may unain pri��ritv aver
<br /> "� `��`��� this Security Instrunxnt. I.cncicr may givr &�rro��•cr a nulirr iJrmify�ing thr licn. &�rr�►�crr.rh•rll sati.fy thc lien or tatce one or
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<br /> LL' �''' more of the acNnns set tonh obnve within 10 duy+�if�hr +ivin of n�Hirr.
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