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<br /> TOQEI'HBR W1TH �ll the ienp�+nvoment� noM o� hera�tter arocted on the,a� � �nd all auement�,
<br /> ` apput�tarwnca��uid tittw+a nox or ha�atier R pu�t ot the propxty.All replaoomont�aed��hall dso 6e oownd
<br /> by this S�cu�!ty In��trument.AII ot t!w toro�uin�I�roterned to In this Seaurity In�rumen��s the"Propeny.•
<br /> HORROWBR G�OVSI�AN'TS ttu�t Borrower ie law[uliy eeieed of tho eotate hereby conveyod md h�the riQl►t tu
<br /> +,, �ant and c�onvey the Aro�xty u�4 that the Ptnperty ir unencumberod�esoept tor encumbranoes of re��ord. Horrow�er
<br /> �rnnt�u�d wlll dofend�a�enlly the tide to the PrupaetY+�ainrt dl oldms�nd demmds,wbjeot w�ny enaumbnnoN
<br /> ot record.
<br /> � �`� THIB SECURITY 1N5TRUMBNT mmbinee uniiarm coven�nte tor n�donal we md nonvnitorm covamnu pith
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<br /> limited v�ri�tiont�by juridiction to canrtitute a unitorm exurity ir�etrument coverin�roal propersy.
<br /> x�.._� :'�:,=•-- UNlFaRI�!COVEIdAI�T!'3.Aotroner and Lsader covenent Ane!egrc�e�totl�w�:
<br /> ', r ••;��j'' 1_P�ymeot oi Prinaipsl�nd IntereM:Prop�yment and I.�te C6�r=es.BonoNee eh�ll promptly pY when due
<br /> ;���,���__- .��i , tha pri ncip�l of�nd intere�t on the debt evidencad by the Note and sny prep�yment and I�te char�es due under the Noto.
<br /> Z.Fuads tor T�:e��nd In�unnoe. Subjoat w applicsble laa or to a Mritten M�iver by L.ender.Borro�er�hall
<br /> ' -,:�`:���,.:, '': �y to l.ender on the d�y monthly pyenente aro due under the Note�until the Note ia peid in iull��sum(`Funda")for:
<br /> �t :1r'i,��,;:,;,: �+��'
<br /> , ,�..,,,'•i,,�ry�,,�,: �� ye�rly tues and ae�eesmants whfah msy attainQ�atity over thie Security Inatrument as a lien on tho Property;(b�
<br /> . �4�',ru.jy��;;.,�� yeuly lasehold p�ymente or�round ranta on tha PropertY�ii snYt ���Yearly haz�rd or property insurat�ce promiume;
<br /> '� -�' (d)yeuly tlood ins�mnae iums, it�n (e)yarly mort�a�e inauranee iuma,if�n �nd(t)uny sume p�yabte
<br /> �:?i�?::: �.,.r}�`•':;-�� M'�m Y� P�'�m Y:
<br /> by Borrower w Lender�in wcordsnoe with the provieiona of pRra�raph 8,in lieu ot the psyment ot mort�a�e insur+noe
<br /> � °�;�'�� prrmiums.The�o iteme uo called'F.e+crow Items."Lender may,at any time,oullect md Iwld Funds in an amount not
<br /> ��� -� '�" "� ' "` ""`'`��' to e:cood tho marimum amount a lender for� tederelly related mortgago loan msy roquiro tor Borrower's escrow
<br /> � xr , ' � ° aovount under tha tedenl Real Betate Sextlament Prooedures Act o[ 1974�s amended trom time to time, 12 U.S.C.
<br /> �, `:.:`; , . ,; Sectioa 2601�t sp. ("RffiPA"),unlase another law thet applias to the Funds se�s a les�er amount.I!so, l.mdar may,
<br />�� � at any dme,oollect and hold Funds in an smount not to axceed the leaser amoun�l.ender may estimau the�mount oi
<br /> ?'� �. � � - � Funds duo on the bosis of current dnta and reasonable c�timates oI e:penditw�es ot iuture F�ctow ltems or athawiee in
<br /> aa:ardanoe with applicable law.
<br /> r�.�.� The Funds slull be held in an institutlon whosa depoeits are insurod by�federal��ency.inetrumentality,or ontity
<br /> ;',:1.,•,� �� (inoluding Lender,it Lender is such m institution)or in�ny Pederal Home Loan Benk.[.ender shall apply the Funde to
<br /> �,�,:•.,:�;.,;;.i...,,,,.'.�.. ` theEecrow Iterns.Lender rnay notchuQe Bormwer for holding and eppiyin� the Funda.atu►ually snalyzin�the
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<br /> ��.. ;��, . . � ,;;,� �w�ocount,or verIfying tha F.ecrow Iteme,unless Le.nder�ays Barnnwer mterest on the Funds and applicable law
<br /> :�ty '�Z4v����:%i��•:;;y::,�����:;�,. itsLender w mske auch a charQe. However. Lender may requira Borrower to piy a one-time char�e tor an
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<br /> ., , ,,.. ,,., . 4 mdependent re,al estate tax reportinE�ervice usad by L.endar in connectia+with this losn. unless applicable laa pravides
<br /> •+:;,::;;�� ,. � ,. ' . otherwise. Unless an agnement is made or applicaMe I�w requircs intenst w be psid,i.ender shall not be required w
<br /> • �� ��=,`T�'•• ' " ,��' piy Borrower any interestor arnin�a on tho Funds.Horroaer md I.ender may agree in writinQ,however. thstinurcst
<br /> �+ �. j;��S'•:��,� •�,. : �;; . ehall be paid on the Funds.Lender shsll givo to Bonower.without charge,an annwl accounting of the Funds,showin�
<br /> :,c ' �",•`.:S;l,�,: �• credits�nd debita to the Funds and the purpose for which each debit to the Funds wss m�dn. 7'he Funde ai+e pled�ed as
<br /> � --- :t:'"- ��..�;,..�-;,; . sdditirn�!�urity fur a!!surns sxured by thi�Sxnrity la..�sruntens.
<br /> ��r ' ''���^'��'' If the Funds hold by I.ender exceed the amounts permitted to be held by applic�blo law,I.ender ahsli account to
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<br /> , • ''�`•' ..'. ,�:. Horrowa ior the excess Funds in accordence with the requiremonts af applicable law.lf the amount ot the Funds held
<br /> � ��'��' � •'� ' by Lender st any time is not aufticient to pey the Fscrow Itoma when due.lxndee may so notify Borrower in writing,
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<br /> and,in euch case Borcower sh�U pay to L.ender the amount necassary to make up the deticiency. Bomoaer shall ma�e
<br /> , �� �`.i:; � up the doticiency in no more than twelve monthly paymenu.at Le�der's sole discretion,
<br /> � �• Upon peymont in full of all sums securcd by this Security Instrument.I.ender shnll promptly refund to Borrower
<br /> ., any Funds held by Lender. It, under poragcaph 21, Lender shell acquire or sell the Property, Ixnder� prior to the ,
<br /> acquieition or sala of the Property,shail apply any Funds held by I.ender at the time of�cquisition or sale as a crodit �.,�
<br /> '��� a�einet the sums socured by this Security Instrument. ��
<br /> �s`�• � � 3.Applic�tioa of Paymeats.Unless applicable law provides otherwise.all p�yments ra;eived by Lender under � ''•
<br /> ��. •� � psregrapAs I and 2 ahell be appliad:�irst. to any pre�ayment cherges duB under the Note;secon d,to amounts paye b le � . •
<br /> under paragreph 2;third,to interest due;tourth,to pnnc�pal due;and lest,to any late charges dua under the Note.
<br /> �: 4. CharQes; Liens. Borrower shall pay all taxes, assessments,charges,[ines and impositions attributeble to the
<br /> '" ' Pro rt which ma ettain orit over this Securit Inatrument,and leasehold ments or round rcnta if en . �
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<br /> •, �� Borrower ahall pay these obligations in the manner provided in paragraph 2,or if not paid in that manner. Borrower i '
<br /> �' ' �� �:;.�.. ahall pay them on time diroctly to tho person owed payment. Barrower ahall promptly furnish w Lender all notices of ,
<br /> � - ;',•� emuunta w ba paid under thia paregraph.If Bomower makes these payments directly,Borrower slwll �romptly furnish
<br /> �,;. �� � ' to Lender receiptsevidencing the payments. � �
<br /> ' � . • I3orrower shall promptly discherge any lien ahich has priority o�•er this Security Instrurnent unless Borrower.(a)
<br /> . agras in writing to the psyment of the obligation secured by the lien in a manner acceptable to l.cnder;(b)contcsts in
<br /> ' � � • good faith the lien by,or defends against entorcement of the lien in, legal proceedings which in the Lrnder s opinion
<br /> i' �,:J;'., operate to prevent the entorcement of the lien;or(c) secures from the holder ot the lien an agreement satistactory to
<br /> ,.; . ° Lender subordinatin8 the lien to this Security Instrument,If I.ender determines that any pert ot the Property is subjact
<br /> • • , w a lien which may attain priority over this Security Instrument,Lender may give Borrawcr a notice identitying the
<br /> ; . . licn.Borrower ahell satisfy the lien or take ane or more ot the actiur�set torth abave within 10 days ot the�ivinP ot
<br /> �� , notice.
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