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<br /> �� Tp�38THER W1TH all the improvement�now or hereufter erected on the property,and all easemente,appurtenar�cas.
<br /> -- -- - ond ftxtures now or here�fter a part af the property. All�plac�mems und additiana ahall�Ica be covercd by this SecudtY �_
<br /> �;� � Insuument. All of the foregoing is referted to in thia Secudty Inetrument sw the"Property."
<br /> - - 80RROW�R COVENANTS tl�at Borrower is luwfully seised of the estate hereby canveyed und has Ihc right to grant
<br /> y and eonvey the Property and�hat the ProPettY is unencumbercd,except Por encumbn►ncea of'record. Borcower wurrants end �--_--
<br /> .:;.- wlll defend generally the litle to the Propetty w8ainst All claim�and demands,subject to Any encumbrances of record.
<br /> �'� � � ' ==' THIS SECURITY INSTRUMENT cambines unlPorm covensnt� for national u+se and non-uniform covenants with
<br /> ° limited variationa by ju�lsdiction ro conatiwte a uniform secudty Inswment covering real property. �
<br /> - �•� UNIFORM COVENANTS. Rortower and Lender covenant and agree as follows:
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<br /> �� 1. Payment ot Prindpal and Interest;Prepoyment ond Lote Ghargea. Borrower ah311 promptly pny when due the —
<br /> ---�-�`-'"'�� pdncipal of et�d interest on Ihe debt evidenced by the Note and any prepayment and late charges due under tha Note.
<br /> -==�_.�� 2. Fbnda for 7bxes And Insurn�ce. Subject to applicuble law or to a wdtten wuiver by Lender,Borrower ahall pay to
<br /> - Lender on Ihe day monthly payments are due under the Note.until the Note is paid in full,u sum("Funds")for: (u)yearly �:
<br /> —=_=��':;a taxeg nnd assessmcntc which may atlain priorlty over this Security[natrument as a lian on the Propeny;(b)yearly leasehold _
<br /> - -��--� eurl hazard or ro rt inaurance rcmiums; (d) yeculy flaod -�
<br /> _ -� payments or ground renls on thc Property. 1f anY: (c) y y p P� Y P �__
<br /> __ _,� insurance premiums, if any; (e)yearl mortgage insurancc premiums, if any; and (fl anY sum� payable by Borrower to __
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<br /> -=-- l.en der,in accor d e n c e w i t h t h e p r a v i s o n s o f p a r a g r a p b 8.in l ieu o f i h e p a y m e n t o P mort gu ge insurance premiums. These _..
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<br /> -----• items are called"Bscrow items: Lendrr�uuy,at any time.collect und hold R�nds in en amount not to exceed the mex mum �
<br /> --- artwunt a knder for a federally related moRgage lonn may require for Borrowers escrow account under Ihe federal Reul �.__
<br /> 4� --+_�._� Estete SetUement Procedures Act of 1974 aa amended from time�o time, 12 U.S.C.�2b01 et seq.("RESPA"),unless another ��:_
<br /> �� law that applies to the Funds sets a leaser pmc�unt. lf so,l.endcr may,at ony time,collect and hdd Funds in nn amount nat to
<br /> --�- ���.'� °� exceed the lesser amount. Lender may estimatc thc amount of FLnds due on the basis of current data and reusanabls i ._
<br /> --�-��� estimates of eapenditures of future Escrow Items or otherwise in accordance wilh applicable law. �n.=�
<br /> '�''�'•� � The PUnda shall be held in an instirotion whose deposi�s are inaured by a federal agency, instrumenlaliry, or enlity �_
<br /> �,=,_�a.,;;�4��; .s (including Lender,if Lender is such en inslitution)or in any Federal Home Loun Bank. Lender shall apply thc Funds to pay _
<br /> —_----"=�' the Escrow Items. Lender may not charge Borrower for holding and applying the Funds, annually analyxing the escrow �_
<br /> ��`•���, accaunt, or verifying the Escrow Items, unless Lender puys Borrower interest on the Funds and applicable luw permits �-
<br /> """�"""" z Lender to make such a charge. However,L.ender may require Bortower to pny a one-time charge for un independent reul _'
<br /> -,- ��Lu�i' .1�'ty y.,
<br /> -= d_�;}-�. � estate tex reporting cervice used by I.ender in connection with this loan,unless epplicable law provides othenvise. Unless un ��
<br /> - ""'—=�•�:�a 4,,,r:, ngreement is mside or appliceble law requires interest lo be paid,Lender shall not be required to pay Borrower any interest or �,;�,
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<br /> _ ._�i.�;• earninga on the FLnds. Bortower and Lender may agrec in writing.however.thut interest shall be paid on the Funds. Lender �
<br /> --,,,yy ghall give to Borrower,without charge,an annual accounting of the Fundx,showing credits ond debits to the Ftmds and�he _�
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<br /> - ��-±-��,-� purpose for which each debit to tho FLnds was mude. The Funds are pledged ac additional�ecurity for all sums secured by -�
<br /> —' - - ;:;, ;- thie Security Insiruu�C�it. �,. �
<br /> ����.��- If the Punds held by Lender exceed the nmounta permitted ta be held by applicable Inw, Lender shall accoun!to _
<br /> _�����`��'�'=`;�°'�.: Borrower for 1he excess Funds in accordance with the requirements of applicuble law. If the amount of the Funds held by
<br /> ��', �•y,w•��.;�; � Lender at any time is not sufflcient to pay the 8scrow Items when due,Lender may so notify Horrower in writing,und,in ��
<br /> - � such case Barower shull pay to Lender the amount necessury to make up the deficiency. Horrower shull moke up the
<br />-v����l ` defickncy In no more than twelve monthly payments,at Lender 5 sole discretion.
<br /> ;;•�� `1L ;�,� . �� � Upon payment in full of all sums secured by this Security Ins�rument,Lender shall promptly refund to Borrower any �
<br /> ;� .. ELnds held by Lender. if,under parngraph 21,Lender shnll acquire or sell the Propeny,Lender,prior to the acquisition or �
<br /> �;, ���'�.: sale of the Property,shall apply uny Funds held by Lender at the time of ucquisi�ion or:�ale as u credit ogainst the sum4
<br /> �' ` • :;,�,.,,� secured bythis Security Inslrument. �X
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<br /> ;7 �, •��• . 3. Applicatlon of PAymenta. Unless applicnbk luw provides otherwisc, nll payments received by Lender under �
<br /> :,: s, :- puragrnpha I and 2 shell bc upplied:first,to uny prepuyment chnrges due under the Notc;second,to amounts puyublc under
<br /> ' "•'-� �- paragmph 2;third,to interest duc;fourth,to princ�pul due;ond lust.to uny late charges due under�he Note.
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<br /> r, r,r� � 4. Char�es; Llens. Borrower shull puy ull tuxex,assexsn�ents,charges, fines und impasitions apribuwble to thc �p�,�,
<br /> . r�,�-. '' propeRy which may attnin priority over t his Security Inxpvmen t,un d l eu s e h o l d p a y m e n t s o r g r o u n d r e n t s,i f o n y. B o r r o w e r �.
<br /> •��:•.�..... ahall pay these obligations in�hc monner provided in paragruph 2,or if not pnid in that mnnner,Borrowcr shall pay them on _�
<br /> , :::"�,•, : • time directly to thc person owed puyment. Borrower shall promptly furnish to Lcndcr ull notice�of amounts to be paid under ____
<br /> this pazagreph. If Aorrower makes thexe ps+yments directly, Bormwer shall promptly fumish to Lender receipts::videncing
<br /> ; � .y� �,.. the payments. =
<br /> ' '� �� .' • Borrower shall promplly diszhorge any lien which has priority over�hi�Serurity Instrument unless Borrower:lal aBreet _
<br /> , � ��."�."��• - . in writing to the payment of the obligntion secured by the lien in a manner accepteble to Lender;(b)contests in good fuilh the ---
<br /> . a.,;.,,.I�, lien by.or defends against enforcement of the lien in,Mgal proceedings which in the Lender s opinion opemte to prcvent the [C�':��
<br /> :��. . enforcement of the lien;or(c)securcs from thc holder of the lien un ngreement satisfnctory to Lender subordinuting t he lien �
<br /> -' � to this Securiry Instrument. If Lender determines thut uny psut of the ProQerty is subject to u lien which mny uttain priority �,.�
<br /> " '�� � � over this 5ecurity Instrument,Lender muy give Borrowcr a notice identifymg the lien. Bonowcr shall xu�isfy the lien or Iake =
<br /> '�� � ' one or more of the uctions set forth ubove within 10 days of the giving af notice. �".=�'
<br /> �� . U ,.��� 5. Hezard or Property Insurance. Bonower shull kecp the improvements now existing or hereafter erected on the R;�_
<br /> d' Property insured nguinst lass by�re,hnznrds included within Ihe tcrm"cxtendcd cuverugc"und rny athcr huzards,including dr:,_
<br /> tloods or tlaoding, For which L.ender requires insurance. This insurnnce sholl t►e muintained in thc amounts nnd for the
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<br /> Form 3Y28 91911 !/wKe 2 nf 6 jwRral
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