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<br />�aF;.,;<, 7'00[l77iCR WITH all tho Improvcmcnu now or hercafter en�c�cd on�hc propony,and all casemente,ap uncnancee,
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<br /> -;��:�i��` aud(ixturca now on c�reaper a purt oi t6o propeny. All rcplacemente ond addi�inne ihall ulso bo covcrcd 6y� ia Sccuriry
<br /> -`` '�°''� Instrvmcut. All of tho[oregoing is rderted�o in thie Secudty Instmmem a+rtio Rroperty"
<br /> ' ;�:�1,:;;r�,>�i DORROWI3R COVIiNAMfS�hat Oortowcr ie Iuwtuliy sclscd of�hc csm�o hcreby wnvcycd and hns tAc dght to granl
<br /> ;-a:r;�_�� end canvey�tw Ptopeny end�hat tha Propeny is unenwmbered,exeept for encumbrances of rccord. Borrawer wnrtame and
<br />- . will defend generally tha�i�le�o the Property ogainst oil ciulnu nnd demand�,subJecl�o uny encumbrancex of rucord.
<br />"-`O��J``�=� THiS SF:CURITY INSTRUMRNT wmbince unlform wvenan�s Por nailonal uso and non•unlfomi covename wlih
<br />�h�,3'.+'�%rli� Ilmited verladons by Jurisdlctlon to constl(ute a unifnmi secudty Instnmient covering rcal propeny.
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<br /> ��•�i�i:�:.;.;':y' UNIPORMCOVIiNANTS. RortowerandLendercovenumandagreeeefollowx � - - � -
<br /> ,�->;::,, •s L Payment ot Pdndpal u�d Interatt Pnp�ymenl and I.ate Chugw. Borrowcr shall promptly pay whcn due thc
<br />"'.�r.'.. • pdncipal of and intemst on�he debt evideneed by the Nola end eny prcpaymmt and Inle chnrget due under�he No�e.
<br /> `".:��- � 2. FUnd�tor 7bxes ond Insurnnce. SubJat to appIicable law or to e written waiver by I.ender,Dortower shall pay�o
<br /> - �""`kY• : Lendcr on�he day montiily payments are due undcr tAe Notc,until�hc Nmc I�paid in full,a sum('Pundti")Por.(a)ycady
<br /> �-�"�,%�i:? `"� taxa and asscssmeme whkh nuy aunin pdodty over th6 Security Insm�mcnt as u Iicn on thc Propeny:(b)yearly Iwscho�d
<br /> `'L�F;�'��l�'-: payments or ground rcnu on thc Propeny, if any; (c) ycady liezurd or propeny insumncc premiums; (d)ycarly Ilood
<br />;��-_;:,�[��f�OS insuronce prcmlums, if nny;(e)yead� mongage insurenee prenilums, If eny;nnd(p any sums payablo by Rortower lo
<br /> t;..� Lender,in accorda��ce wilh Ihe provis om at paragreph 8,In Ileu of thepayment of mongage Insuronce prcmium�. 7'hao
<br /> =�;"�S;il��t:;;, items are called"6scrow Iums." Lender may,et eny tlma collect and hold Ponds in en amount not Io exceed the maxlmum
<br /> •- >�� �v"� anwunt n lender Por n federally related mongage loan may requiro for 6orrowcr§escrow aaouN under Ihe fcdcral Real
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<br /> - � -_��,,:�:. Fstate Seulemem Procedurr.+Act of 1974 m emended fmm�me ro dme,12 U.S.C.¢2601 e�seq.("RE9PA"),unless enothu
<br /> - '"`"; Inw�Aa[upplfes to chc F§mds sets n lesser emount. If so.Lender may,at any time,collat end hold Wnds in an amount not to
<br /> � - excced the lesser nmount. l.ender may estimaie �he amount of Nnds due on the basis of curzent data end reasonable
<br /> '�=• ";." estimates of expenditurts of fuNrc 6scmw[tems vr otherwise in nccordnnce with appIiceble law. _
<br />°?,_;;,�_�,+�;,�`l? The Ponds shall be held in en instimtion �vhose deposi�s ere insurcd by e fede�al egency, insmimeNality.or enHty
<br />_ �f';� ' (including Lender,If Lender is such en ins6�ution)or in any Irderal Home Loan Bunk. Lender shaq xpply�he FLnds to pay
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<br />.��,.��:�7���7;g the Escrow Iiems. Lender may not charge Rorto�ver Por holding and npplying the Punds,ennually enaiyzing tlie escrow
<br /> `'fi?''"'���s eccoun4 or verif in the Eacrow Itenu, unless Lender a s Uorrower imeres� on �he Nnds end e licxble law rmlls
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<br /> •;� a���i-q Lender to make such n charge. However,Lender may requirc 6ortower lo pay a one-tim¢charge for en independenl real _
<br /> ';. .y, i;�;=:::� estete lax reponing urvice used by Lender in connection wnh this loan,unlese eppiicable lew provides othenvise. Unless en
<br /> <� j��, �� agrament is mnde or nppliwble Iew rcquircs Intercst to be paid.Lendcr shall nol be rcquircd to pay Oorto�vcr eny inicrcsl o�
<br /> ="���i.� exmings on thc Punds. 6ortower end Lendcr may egrec In wrifing,however,that intercst shail be patd on the FLnds. Lendcr -
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<br /> t�!,�'. :hall give�o�orrower,wi�houi charge,m annual accoumtng ot ihe FLnAs,showing creAiu nnd debi�s to the FLnds xnd iho
<br />--'n#�5�5_��'1� purpose for�vhich each debh to ihe I�nds�vas made. The Amds we pledged es edditionnl secudly for nll sumf-secored by
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<br />?;;¢;�`-'�:• •� If the Nnds hetd by Lender excccd th� amoums permiucd m be held by epplicnble law, Lender shall nccouN lo
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<br />-"'F`;:sf'•.`%i'�- 6orm�rer(or ine exceu FunJs in u�wfdauce wili�[{ic iiytiiec��ti�ili a(nNp7i:aEle lac:. :::Fn arttoar:at;:Pur.Vs F�:.:d by - -. - .
<br />'��t•^r���:,-, Lend.r at any�ime is no�su(Ilcicnt la pay the 6scrow Iteins when due,Lender may so no�ify Dortower in writlng,nnd,In
<br /> i,.;_...,i,;,.,.;, such caw Dorto�rer ehall p�y ro Lender Ihe amonnt nccessary lo m�ke up ihe deficiency. 6orto�rar shall make up lhe
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<br /> ���s�i_ ,.;,,� de8cfency in no morc than twelve mon�hly paymeNs,nt Lender's Rale discretion.
<br /> j .,, Upon p�ymcnt in full of nll sunu ucured by this Security Insuvmenl,l.ender shall promptly rcfand to Rortotvcr my
<br /> .�d�;';f�^- �- ILnds held by Lender. !f,under paragraph 21.Lender shall ecquire or ull the Ropeny,Lender,prior to�he acqutslUon or
<br />.��'F{^1=.�.��.r.•� sale of the Ropeny,shall opply eny I�nds held by Lendcr m�he Ume of ucqulsitlon or sale ns n cmdit agalnst�he sums
<br /> .t:�1y;i}`i,;,+.i securcd by�his Securi�y Inxwment. -�
<br /> -; <'. :.:_ -"�: 3. Applirnllon of Wyments. Unless npplicnble law pro�•ides o�henvise, all paymenu receWed by Lender under =--—
<br /> .j:�.".. par�gr�phe I ond 2 shall be applied:firs6�o nny pmpaymeN charges due under�he No�e:second,lo emounis paynble under a�:___..
<br /> ::;�j � paregrnph 2:�hird,m interes�due founh,ro pdncipal due;and last,lo nny laie charges due under�he Note. s.•—��+
<br />- - A. Cherges; Llens. 6o�rowcr shall pay nll tnxes, usessmems,charges, fincs and imposi�ions a�tributable w thc --°—�
<br />- , Propeny whfch may auain priori�y orcr this Security Insuument,und Ieauhold paynxms or ground rcnts,If eny. 6ortower - -_
<br /> , - `.'�� shail pay�hese obliga�ions in�he manner providcd in pamgraph 2,or if not pafd in Uia�manner,6ortox�cr shdl pay them on --�_ _—�
<br /> ,-e,.f.� a�'- tinu dirccqy lo�he person o�ved p�ymem. 6ortox�er shail pmmptiy fumish�o Lender all no�ices of emawiu w 6a patd under _u_�,,.__---
<br /> `"�!'•e-; � this pamgmph. If Qorcower makes�hese paymena dircc�ly,Oortooror shall prompUy fumish to Lender receip�s evidencing `���'�---
<br /> -- t ''' thc p�ymems. `r .=-
<br /> r � �- 6orro�cer shall prumptly Jischuse nny licn wfiich has priority o�•cr this Sauri�y Insuumem unless IIonower.(a)agrees - --�
<br />_ -'t,�>•`�' �f:� in xr�ing m�he paymem of the obtigation securcd by the licn in u manner amep�able to Lender,(b)mmesis in good faith Ihe +Y -"�-�-..=-.
<br />-�-;iti;��f��,:,.- lien by,or defends aguinst enfonement of the lien in.Iegal pruceedings�vhich in the Lenders opinion opemre�o prcvent�he �";i-�c=�
<br /> �(�y��� i-.; enforcement of�Ac licn;or(c)securcs Goin thc holdcr of�hc lien an agrcement satisfactory to Lendcr subordinating the lien � �.,_
<br /> �r ro ihis Security Instrumem. I(Lender de�ennina�ha�nny part of ihe Propeny is subjtti lo o lien�vhich may ot�ain priodty �'_'"_..-4;--��
<br />-�."= over�his Seairi� Inswmem,Lender ma ice Oomiwer a notice idrn�i( m thc licn. 6ortower shall salisf Ihe Iien or take �=_t==�
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<br /> � onc or morc of lhc nc�ions xi fonh abovc�vithin 10 days of the giving of noiicc. -. t �
<br /> �fi i - �� 5. Hezard or Praperty Insurnnce. Dormwer shall keep�he improvements noa ezisting or hercafter erected on�he �`• 4'�i �"'
<br />--���'�"�`•"'-�` Pro rt msurcd a ama�loss b firq ha�ards included wi�hin the tcmi"ex�ended covers e and xn o�her haLVds,includin ,�r�1;��$�•^t'�-�
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<br /> ,1 . - floods or Ilooding, for which I.ender requires insunnce. TM1is insumnce shall be maintained in lhe amouNS end for 1he -nt,5��i�� _ �,._
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