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<br /> T408TNBR W!T{1 UI�he(mprovamente.itow or hereaRor erected on tlm pro�erty,and oll euemenu,eppurtenenetx,uW,.- �'
<br /> . '":�fixtures.rww ar hertaRer e p�H of ihe propeny. Atl replpamenls a�M additions ahill dao I» covcrcd by this 3oadly
<br /> fiuf�ument All otshe forcgoing la referted ro in�hle 8ecudry[nstrumcnt aa U�e'Propeny,'
<br /> BORROWCR COV6NANT9 that Borrowtr 15 IaWNlly scisod of�lie eatato hereby oonveycd and hne iha rigin to gr6nt ui4
<br /> convey ihq propeny and that the Propeny Is unen�vmbeted, exccpt for eneumbrenaa of record. Oorcower war�an�a end w111
<br /> defend 6entrelly�Iw Ntle to the Properfy agqinst sll daims and dem�nde,subjcct ta nny encumUrnnaa ot raotd. _
<br /> THIS&BCUNITY INSTRUML�NT combine�unlfortn covenznu for naUonal uso nnd non•unlfurm covenante wiib Hndied
<br /> vadatlone by JudsdlGlon a comiimto p unitorm suurity Instrunxnt covcring rcal propeny. v
<br /> UNIFOAM COVHNAIjTS.Borrowtr end Lendcr covenan�and r.grw ne followa:
<br /> - -- 1. E'ayment ot Pclnelpal aad Intcrtst� Prcpaymcnt and Lutc Chnrgp. �ortovrcr shnll promptly pay when duc il�o =:- �___�_ --
<br /> principal of'end interat on the dcbt evldcnccd by tho Noto and any prepayment end latc churgu duo unAer�hc Note.
<br /> 2. Funda far Taxes xnd Insornnce� SubJect to npplfenbio law or to a writ�cn waiver by Lender, UOROWCt 6IIflII �AY IQ
<br /> Lendcr on Iho day montlily paymcnte are due under Uic Notc,untll tbo Note ia pald fn full,a sum('FunAa')for:(n)yearly texes
<br /> ond essessments�vhlch may atteln pdodty over thie Sceuriry Instrument ns a Ifen on tl�e Propeny;@)yeady Icateliold pa'ymems
<br /> m grour.d rents on tRo Propeny,if ony;(c)yearly hx:ard or property Insuranco prcmtums;(d)ycady flood insuranec prcmlumv,
<br /> � - � - If eny;(e)ycady nwngage incuear.ce prcmtums,If eny;afr!(�nny sunss payeb!e by 6arrmcrr to Ler.d:r, in necordence wllh -- . �
<br /> � tt�provislons of plmgroph 8,in fieu ot�he poymem of nwngage(nsurantt premium�.'ft�ese items are mlled 'Escrow Items.'
<br /> I.erder may, nt eny �ima,collxl nnd hold Fi�rnls in an amoum no�to excwd the maximum amonm a Iender Por a federally �
<br /> rtlated nbnga;.Inan may rcquiro for porro�eer's escrow eceoum under�he kderel Rexl 6ste�e SetNemcm Procoduree Aa of
<br /> 1974 as amended fmm time to t(me, 12 U.S.C.Secqon 2601 er seq. ('RESPA'),unlese another law tbat upplies to the Fmds --
<br /> u�s e lesser amnunt. If so, Lender may,a�eny�ime, collect nM hoid Funds in en amoum not �o eacud the Iesur emoum.
<br /> Lenc�rr n�y estima�e the emount of Funds duo on the basis of currcnt da�a and reasonable esqma�cs of exp;nAiuves of fuwrc p�-_
<br /> -' °�-'�° Fscro�v Lenu or ahenvise in amordana wi[h applicxble le�v. —'---'
<br /> The FLnds shsll be held in un Insti�ution whasc deposiu erc insnrcd by e fedcrel egency, inslmmenlfllily, or Cniily .
<br /> -- pncluding Lendea ff Lender is such an InsUtutloN or in any Pederal Home Loan Dank.Lender ahnll epply ihe Fmxix to pxy�he ris,w�r��
<br /> "° Fscroa�items. Lerder nuy not ch�rge Barrower for holJing end epplying tho Funds,annually enalyzins the escrmr namm6 or ""°�---
<br />-- -- ��trif�in Iho 8scrow Renu, imless Lender a s Uortower Interest on the Funds and e licable law rmi�s Lender to m�ke sucL �"--
<br /> ---- 5 8 P Y PP P� ,;:::._.
<br /> -= a chnrge. Nowever. Lender may rcqufre Dorrower�o pay e anaUmo charge for an Independem rcal u�me iax reponing service �'��--
<br /> - ascd 6y Lender im m�necUon wilh this loan, unicss epplicablc Inw provida otherwlac. Unless nn agreemeni is madc or =_-
<br /> = ppplirnble low�a�uires(nlerest Io bo pald,l.endcr shall no�bo rrquircd�aµ�y Dortower eny intcresi or earn(ngs on the Fund�. - -
<br /> Dorrowcr pnd Lender may ngrcc in writlng, hoorovcr, that Intcrest shnll be patd on tAe Funds. Lendcr shsl!givc to Dorrowcr, -�
<br /> == wilhout cherge, en annuel eccounting o(the Funds, showing credi�s and debl�s to Ihe �unds end Iho puryose Por which each =—_-=
<br /> �_ debit to ihe Punds was rriada 7L:�unde nro plcAged es addliional secudiy for all sunu saured by�hfs Security Inswmem. -
<br /> � - Ii iho Fiiiids imid'oy[.cnJcr cxc�al ihc umuunis permiticd lo uc nci<i uy epplicnbic lu�v,Lcndcr shnil eccoum w Iiorrowcr �_— � °
<br /> '��� (or�ho exeess Punds in necordance wiih the rcquircments of applirnble�mv.lf the nmount of�he�unds hetd by Lender¢t eny� ��ie�
<br /> -= tlmo is not sufflcient ro pay tho Cscrow I�enu when duc, Lcnder may so nutify Donou•er in wdting,end.In such case fiorroser �s����,:
<br /> �,� shnll pay lo Lender Ihe emouN necessary�o mnke up the deficiency. Bonnwer ahnll make up ihe deficlency in nn moro ihan a` �r�{f-
<br /> twelve mm�thly paymenU,ot Lcnder's sole dlscrc0on. �k^-� "��
<br /> � ' .,:�.: T� _.
<br /> t w�` Upon paynxm in full of nll surns secured by Ihis Security Intwmem. Lender shnll promptly reNnd to Borro�ver aqy �f4�y�'; . '=;
<br />�i,s�`.�'.` Punds held by Lender. If,under paragraph 21. Lender shall;�cquire or seil�Ee Propeny, Lender,priur to the ncquisition or sa7e �.�YFFi^'"yx.a�;s:_
<br /> •a5�°!� of tho Propeny,shall opply nny f�unds held 6y Lender nt �he�ime of acquisi�lon or sale ns e credit egalnsi the sunu secured by -�y, g" �e '����
<br /> - �!d this Security Insnumem. 1{ {�:i,y,� —
<br /> � �—
<br /> 4.�e 3.Appllcetlon oP Pnymcnls.Unlese npplicable Imv provides othenvise,all paymcros rcceived by Lendcr undcr pareg�aphe �-����- " ;� -
<br /> /.'(_� 1 nnd 2 ahall be applled: first,m eny prcpaymem charges due under the Nme; second, m amounts paynble under pamgmph 2; i,;_`�,;;-.,��i;;`'; -
<br /> r.�'�= third,to imeres�due;four�h. �o principal due;nnd lu4�o uny la�e charges Aue under�he Nae. - -•�- s
<br /> � 4. Chnr es; I.lens. 6orrower shall a nll�axes,ussessmems,chnr es, fines and Im cl�lons muibutable io�he Pm n 5 � �
<br /> •;3+,w'. s v v s x a r s_,.��,;;:::5".:,::`s's,
<br /> ' ¢fi;, �ddch mny minin priority over this Securi�y inswment, and Ieuchold paymems ur gmmid rents, if any. 6orrower ahall pay rr .> >n } ;
<br /> t Ihcsc obligntions In thc m3nncr provided In parngmph?,ar if no�paiJ in�hat manncr, Rurro�vcr shall pay thcm on�Imc Alrcniy f�r qr.,�i � -'.s��
<br /> � ,`:<�� eo lhe person o�ved paymcnt. �orrowcr shall promptly(urnish�o Lcnder nll mtices of amounts w be p�id unJer Uds paragraph. _u!S' .;� ,�� , � q
<br /> ' S If 6orruwer mnkes�hese paymems dirmly.6orromer sh�dl pmmptly fumish to Lender receipts eviJencing the paymems. �-. �e zi i�:_.
<br /> .: Dorrowcr shall promptly dixharge any lien which ha+priori�y oecr thi�Scwrity Imuumcm unless 6urruwcr.(a)agrces in �n . -
<br /> wri�in m�he � ment of�he obli mion secureJ b ihe licn in n manner ncce t ihle tn LenJer,Ib)mmests in ood fafth�he lien j - �� r'
<br />._�. .rr; 8 P•Y S Y P� 6 t,,.:... <r:.t: l...�:�:..
<br /> by, ur dcfcnds ngains� cnforcemem o(�he lien in, Icgal proa�edings ���hich in �hc LenJcr'z opinion operaie io prerent �hr �..,3;.;. .,,,'-
<br />� `�`��' enforeemenl of�hc licn:or(e)sctures Gam�he h�dder ohhC lien an ugrecment�.vi+Lictnry Ia f..nJer subordinaling ihe lien to ���;'�"�,.'
<br /> : ��.,, this Security Insuument. If l.ender delemiines tha�any pan uf�he Propeny i.w6jert�o a licn �ehich may�uain priarity mrr -
<br /> �.;?: Ihis Securily Insl�umenL Lender may gire Ilorrn�cer a nnli.e idenli(ying thc licn. Rorrnner.hall saii�fy tF.lien or lake one or -.
<br /> motC af Ihe nclians sel fonh nbovC ailhin 10 Jay.n(Ihe giring af nnlice. •.•'�:�
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