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<br /> . � �.��,�.�:.��, � TO(�RfHBR W1TH dl the improvementa naw or herafter erocted an tha p16�rty, and �II e�amont�,
<br /> �-� � md tinuros now or haratter• rt ot the .All roplsoement�and add ti iora�full deo be cova+�d
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<br /> .a,. b y t uhisSxurity Instrurnont.Atl oi the fore�oin�ie roterrod�to in f►le Secu r ity Inetrument�e t h e'P r o p e r ty,"
<br /> �'"`'� BORROWER COVBNANI'8 thst Barro�ar i�I�Mtully sei�edi ot the atate hat+eby oonveyed�nd h�the ri�f►t to
<br /> .� ,;�°°.,;�. � ' �:,� �nt�rid oonvey tho Property�nd efuu the Property is unenoumberod� except E'or encumbnnca ot reourd, Borrowe�
<br /> �. � � w�rnna�►d ail)detend�dly the tide to the Property�intt a11 alums u�d demands,subject to�ny encumbnnca
<br /> �-'�.�:':;�s�:�;a.�$�• ot revord.
<br /> l.w'�''=`<�'�•;`°.��' � TH18 9BCURITY 1NSTRUMRNT wmbinee uni[orm ooveiunts tor nationsl use�nd non-uniform coveiunt�with
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<br /> :;��..,��..� .. .:�., limitod vw�i�tians by juriediotian toconititute a unitorm�ecurfty inatrumontrnverin�ral property.
<br /> ..�. �;.;,-.:^,��;:.:�i;:: � � UMPORM COVBNAN'15,Horcowa and l.ender oovenant md��re�e�s followx
<br /> ,::'.�: .,, • I.Payment of Priaaipsl�nd Interesl;Ptep�yment�nd Late C6��ta. Borrawer slull promptlY p�Y when due
<br /> .'. �� the princi pl oi�nd interest on the debt ovidenced by the Note artd any prop�yment�nd I�u char�ee due w�der tlu Note.
<br /> `"� K 2. Fuado for Ta:a�and Insuraace. Subject ta appiiable law or w a written w�iver by Lender. Horrower ehsll
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<br />�,,�� .��,, Qay w l,ender on the day monthly qymenta aro due under the hoto,until the Note is p�id in full.�aum('Funds')tar,
<br />,�; .: � (a)yearly uses and�sessmente which m�y�itai�p�iorlty over this Security lnstrumrnt as a lien on the Praparty;�b)
<br /> , � ;�: � .. yearly leamehold psymente or�mw�d ronta on the Proparty,it any;(c)yearly haz�rd or propeny ineurance pcemiume;
<br />�-:;�=.; : ': � (d)ye�rly tlood insursnoe premiums,it any;(e)yarly mott�aae insurr,..ce pt+�miume�it�ny;and(f)�ny sums peyable
<br /> /i by Borrower ta Lender,in aocorda�with the provlsions of p�r��raph 8,in liou ot the psyment o[mortQsQa insur�nce
<br /> �/� � . � , prerniuma These items�ro callod"Escrow Itame."l.ender may,at any time,collxt and hotd Funds in an amount not
<br /> � . �. .; �, to exaed tDe mucimum amaunt �lender tor a feder�lly rel+�ted mortga�e Iwn may require for Horrower's escroN
<br /> ;`•. ' eccount under tho tedernl Real F�hte 3ettloment Procedures Aat of 1974 as amrnded irom time to time, 12 U.3.C. ,
<br /> ' Sectian 2601 et asq.("R&SPA'). unlose another law thst applies to tho Funde sets a lesser amoun�It so,l..ender may,
<br /> :' '�.�,. . � - at any time,oollect and hold Funds in m amount not to exceed the lesser amount.Lender may estimate the amount ot
<br /> Funds due on tha b�sis ot current d�ta�nd rasonable eStimaus ot expenditures ot[uturo HBCrow Items or otherwieo ia
<br /> '•. ;� �ocordanc;e with applicable law.
<br /> ;;�. ; :;.,;�-. ' The Punds shsll be held in an institution whose deposits aro insured by a foderal a�ency,insuumentality,or entity
<br /> ' "'�``'"`� �� ' (including Lender,it Let�der is such an institution)or in any Federal Home Loan Bank.Lender ehall apply the Funde to
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<br /> ' . . '� '��f`;��•'"`�" �� 'r'�: pay tha Esi,row ltems.Lender may not ch�rge Borrower for holding and applying the Funds,annuefly anelyzi�tJ�e
<br /> ` �� '��' �� escrow accau�t,ar verifying the F�craw Itoms,unlcrss Lender pays Borrower interest on the Funds and applicabl�law
<br /> '� ' �';f;;�;;.�{`, Qerrnits Lender to mat�e such a cherge. However, Lender msy requin Borrower to jmy a ona-tima char�e tor an
<br /> i . � � , ,� :�i'�'�ti�;;,'�-' mdependent real estate tax reporti ng service used by Lender in vonnoction with thie loan.unless applicable laa providea
<br /> �� " '�'�'�'���:;R' otherwiae.Unl�s an agreament�a mado or ap�1�cable law requires interest to be paid,Lender ahsll not be roquired to :
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<br /> ' ' ' '� ';';:'��",;� peY Borrowor any int�rest or amin�s on the Punds.Borrower pnd I.ender m�y agroe in writing,however,thet�ntertst ,, �,
<br /> � � � �';�� �� ehall be paid on the Funds.I.ender ehall give to Borrower�without charge,an annual aaaounang oi the Funds,showin� ;.`"•'�:`
<br /> . ' � �.=_L'�;';,' credits and dobite w the Funds and the purposo tor which each debit to the Punds was m�dc.The Punds aro plcd�od as �,����%-���
<br /> s T �,;•t�� "'?;;,,��;;`' additiomi sxurity for all sums sxured by this Security Instrument.
<br /> � • . �,. ' .. .,�,,;, It the Funds held by l.ender excoed the amounts permitted ta be held by applicable law, Lender shnll account to .
<br /> • , . ::,;t•; 9ocroWer tor tha exce�Funds in.aaordence with the requirements ot appl'acable law,if the emount o[the Funds hald �f': ..,;,,
<br /> ,. � � . by i.ender et any time is not sufhcient to pey the Escrow Items when due, l.ender may so notity Borrower in writing, ' ,1��.
<br /> � • end.in such casc Borcower shal) to I.ender the amount necessar to make u the defici�enc .Borrower shall rnake ��'` '�'''�'t� �,,
<br /> � � up thedePiciency in no more thm�twBlve monthly payments,at Lender's sole discr tion. y ����`�.�'•`�,, �
<br /> �' Upan payment in full ot all suma secured by this Security Instrument,Lender sha1D proer�ptly retund to Horrower ,. ,-;•,,;,��:.��� �
<br /> ���'' eny Funds held by l.cnder. It,under paragraph 21, l.ender shell acquire or sell thc Property, L.end�r, prior to thc ,-.�4'!i.�''•`:,
<br /> '• acquisition or sale ot the Property,ahall apply any Funds held by l.ender at tha time of�cqui�ition or aela��s a crod'et ' �`�'�•`" F:
<br /> '{�f ogainst thesume secured by thieSecurity Instrument. �1���•�"'' '"�`�
<br /> ��� , 3. Applicatioa ot Payments. Unless applicable lew provides otherwise,al!payments received by Lender urtder ¢`�"
<br /> � r • paragraphs I and 2 shall be applied:first,to any prepayment charges duc under the Nate;second, to arnounts peyQbi� �� .• •`�h�
<br /> under paragraph 2;thi rd.to interest due;fourth,to principal due;and last,to any late charges due unc]ar thB 1ota. a�, ' �`:'�'
<br /> ' ` � 4. C6�r�es; Liena. Borrower shall pey all taxes,essessments,cherges,Pines s�nd impositionr;atttib�tabla to tha ;�, , .
<br /> Property which may attein priority over this Security Inatrument,and I�ase�ao�d �yrnents or ground renta, if any.
<br /> Horrower shall pay these obligations in the manner provided in paragraph 2,oc ii n�t paid in that manner, &�+row�er ���
<br /> ahsll pay them on time directly to the�erson oaed payment.Borrower sha11 prom�+t3y��urnish to Lcnder all notiaes at '
<br /> • . amounts to 6e paid under this paragroph.�i$orrower makea these pnyments directly,Barrowrr shall promptly Purnish•� ;u c�,:;�'
<br /> to l.ender receipts evidencing ttie peymrnts. ;'�."�
<br /> • Sorrower ahall promptly discharge any lien which has priority over this Security Instrument unle�Borruw�r: (•a) � '•
<br /> egrees in writing to the paymenc of the obligation secured by the lien in a manner accep�ab3e to l.ender;(b)contasts in ; , •..�'+•''•
<br /> good feith the lien by.or dotends egainst enforcement of the lien in, legal proceedings rrhich in the I.end�r's opi�:ion �::"a`�,`
<br /> t opernte to pre�•ent t hB en Porcem�nt o Y t he lien;or (c)sa:ures frorn t he h o l der o t t he Len an agreemen t sa tis tac tory t o '- ;;
<br /> Lender subordinating the lien to this Security Instrument,lf Ixnder determines�hat any part of the Property is subject
<br /> ' � • ' to a lien which may attein priority over this Securit�• Instrument,Lender rna�• gi�•e $orrawer a notice identitying thc
<br /> ' , . lien. Horroaer shell satisPy the lien or take one or more ot the actions set forth abo��e within 10 days of the givin�oI � , ,
<br /> . • notice.
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