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<br /> ' TpGEYl�fflt wc[�i a11 we improv«nenu aow or dereaiter e�ectca ou the pcapeccy.ana au`easeff1e+cc.appurt���s•
<br /> and tiucures nuw or hereafter a paac of the piope�ty. •ALt�eplaeem�nts and ad�tioos shall a�so 6e covered by tltis Security . ,
<br /> — : ' L�suua�ent. Alt of the Coregoing is refert+ed ta in this Secvnty Inst�u�nt�s 3he"F�?operty." ° .
<br /> BORROWFdt COVENANfS tAat Bociower is[awfuUy szised of the r.state hecetry ronveyed ara!l�as`the righi tv gr�at
<br /> — • � and convty t6e Ruperty and that tix Pmp�cy is aneacumheird.except�far encambiances of cecord S�rowu warrants and �
<br /> w�2 defeod ge�1Y th�6de wthe Property against all claints aad dearan8s,subject t�any encumbraace.�of�ecord.
<br /> == TfIIS SECURITY INSTRUMEI�7 combines unif�m covea�ats Por aational use and non-unifomn covenaats witd
<br /> — — limiud w�atiaas hy jc�isd'sctFaa to co�.stimte-a unifosm se+curitY'"�*�+�* nt covering real ProPertY• --
<br /> � ' i3Nff�pgM CpYENAI�. Barmwcr aad l.eader covenant ar�d agree,as foltows:
<br /> -: i- �t�Fri�dpal�d�ater�t;P�eWtFn�t sad L'ate C6arg�s. Bormarer stwli prompdy pay when due tbc
<br /> �`_' principa[af anc{intenst on the,de6t evidmaod by the Note and any p�epayment and tate charges due under the Note. -
<br /> <<.' L Flop�ds for Tases aatll�ea� Subjeet taapFli�bte law or ta a writtea�vaiv�r by i.ender,Borrowgr sNall pay w
<br />` ::-: Lendtr on the day mp�►tbly PaYn!ents ar�,due.�der the Nate.until the Nae.is pai4 in fuU:a sam C'Funds'7 for:(a)YearZY
<br /> ��' ta�ces and�Se�snl�nts wLi�R'�Y attain priority pve;dus SecuritY:InS�meat as a lten on�,PmPec�.N)Yearly tetuehotd
<br />��,I.•�A uuwanc�pcemiums;.td) 9+�riY.�Pud
<br /> P�Y�,�S�oups�.ret�t����th�,PtaRguY..sf-a� (c) yeariy fyatar+d ar property ' ble,
<br /> iasuratxe pceRUttm�if any;te)Y�Y��Sz�S�e P�+�if aay:and(�any sums Pal+a t►Y;_�ormwe�tu.
<br /> • 1,ender,in accordance�ntD the provisions of parngtapb 8.ia lieu of the paymeai af mortgaga insutance premmm�. 7'hasc -
<br /> items are calted"Escrow Iteass_" Lender may,at any time.rnHect aa�hold Funds ui an amomit nat w eacced the maximmn —
<br /> amount a lender for a fedetally celated mortgage loa�a may require for Bortawer's escrow accamt ander.�e feder'al Real
<br /> Fstate Settlemcnt Ptocedrms Act of 1974 as amended from time to time.!2 U.S.C.§260i et seq.("RFSPA,�aL r�less anod� �
<br /> �, Iaw tl�at applie�to the Funds sets a�e.sses amonnt If so.I.ender may.at az�Y tims,collect artd hotd Funds i��,�nount not to �-=
<br /> , �}: • exceed the tesser arnoum. Lender may estimate the amount of Fiuids dae on the basis of cunent d�-�d masonahie ��-_
<br />: • - estimates of expend'ituies of futEUe Escrow Items or othervvise in accondance with appUcable law. .;�. . �
<br /> ' • � . ue
<br /> n or.enti :�',�_
<br /> Tde Fimds s6aI1 be hetd in an institu6on wtasc deposiu aze insared I s y a,f e d e t a l agency,i n s t n-'=�?�?'�._i t Y. 1 3► , s --
<br /> (including Ixnder.if Lender is sucb an institatian)or in any Federal Home L.oan Ban1c. L.ender shall a�pl;��t�Funds to'pay ; —,—
<br /> r°� t h e E s c m w I t e m s. I x n d e r m a y n o t c h a r g e B o r r o w e r f o r h o l d in g and a p pl yin g the Funds,am►ually aaalyting the cscta�;. ",;�--=_-_
<br /> , •,,;'.. account,or verifying the Escmw Items,unless Lender pays Bormwer interest on the Fund4�..-�d;applica6le law pe�..'• . --. .: .,,,,.._
<br /> • � Lender to maYe such a cflarge. However,Lender may require Borrower to p�y a one-rime c���sr an'independera i��� . {�,��°.`°__
<br /> �� ;�y;• :�l.=�_>:_—
<br /> _ -._, �_ estate tax repofing service used by i.ender in connection with tius 1oan.untess applicable law¢ns�:i����.:'sz. Qa.�:r�' Ys, _
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<br /> ' agreement is made ar applicabte taw reyuires interiest to be paiA,Lender sha71 not 6e reiluired to tss�3E�T�'"�•'�� - a`•, =-
<br /> . =.�� 4��� . ` eaznings on the Furids. Borrower and Lender may agree in writing,hawever,that interest shaU be paid a?�i'vnds. 1.�-��r' ;��:�':'���.
<br /> • � �,� � sha11 give to Borrower,without charge,an annual accounting af the Fvnds.showing credits and debiu to i�e Funds a.R��: :=*�'j`
<br /> ''�r�, -
<br /> , , �'.:_:, ";' Purpose for which each debit to the Funds was made. The�nds are pledged as additional se�,.�.-�y for�sums s��'s3= 5"' .-
<br /> �� � r � �'� this Security Instrumeni �Y�": %•�_-
<br /> �,; �`• '�,�• •' , If the Pwnds held by Lender exaeed the amounts permitteci to be held by appGcable�,��;���,'=���t to .,:K;•., .,,. _
<br />'.� � . Boirower far the excess Funds in accardance with t�ce reguiremenu of applicable iaw. If the�ouu c€��Funds held by • `'sf-'�•; ':_,'�
<br /> .� - Lender at any time is n'at.safficient to pay the Escrow Items when dae,l.ender may sa notify Botsower�^aTiting.and,in �'��'�+'r_
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<br /> :°s;r,;;. . ,. '�x%::: such case BomnweF sf�.z�l:paY to Lender the amount rtecessary W make up the deficiency..:�anower sbaA make up.'�� ._;T;�;-�_-
<br /> ,� =, :` ` � �. : deficiency ut�o t�to��un twelve m.�nthTy payments,at Lender-s sa?e discretion. "�'`:.
<br />. f�. ' '. i'_,��: �,���� tJpnn�avrnept ua�utl of aii suaas-secu�ed by this Securiry�s�rmen�L.ender shall P"T"y2tIY refund to Sorrov�c�. r : -�
<br /> .�' "' " Funds heId by 1.endss. ��under parAgaph 21.I.en3et shall acyuire or sell the Property.Lender.prar to the acguisi��;�r .. _
<br /> '• -�� w�.' `� • sate o f t he�P i apercy.s 1�l t app ly any F u n d s h�S 3 b k.3.e n d e r a t t h e t i m e o f a c q u i s i t i o n o r s a l e a s a c r e dit,a gainst the•snrr+s ":,��`�
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<br /> �'.'i'��'� ' '.. secured b1'�tnis Security Instrument � �' -
<br /> � "��" „s::,. 3. A��lieation of Peyments. Unless applicable !aw provides otherwise.aYl paymenGg received by I.ender u�aer -
<br /> ':.R;,,; ;.� �;: , ,. . ., : ;;::�
<br /> •�%,s. 1. �.�s�:! paragraphs 1 aad 2 shall be applied:first,to any prepayment charges due under the Note:second.to amoanu payab2e uc�r
<br /> �, _-s.,;�,�.�,,y�,.,. �•--
<br />. ',�' .� •4J-^ ! E. . h thir P P •• ,��
<br />'`.�,.; `�' .��y�`,,,,;���: paragrap 2; d.to interest due:fourth.to rinci al due:and tast,to any late charges due under the Note. q_:,'
<br /> r �;;:�-`;`41 4. Charges; l.ieds. Borrowec shall pay all taxes, assessments.charges. �nes and imposiaons anributable ta r�ie . �___�
<br /> � �'°=�' which ma aua+�priority over this Secudty Instrument,and leasehold payments or ground rents.if any. Borrower � �
<br /> . ��;:, ' ' �Y Y
<br /> ' •c':.-�'',�;:. shall pay these obligat(�nts in the manner provided in paragraph 2.or if not paid in that manner,Borrower shall pay them on .. � ;f��_
<br /> ' � • ��!`'"�•i' fime dir��Iy to the person owed payment. Borrower shall prompdy fumish to Lender all notices of amaunts to be paid under • -'�'-;
<br /> :��i'�,�. ; s=rii�:��;;'�;;;�. this , . ' . �^:,
<br /> <.;�-f � .... gzra�aph. If Borrower makes tf�ese payments directly.Bonower shall promptly fumish to I.ender recelpts evidencing _
<br /> 2F
<br /> t�.,.: '• � _y.• ...,� . thepa3�;�ts. . _ -
<br /> .:.
<br /> � .�;+�.;;,,. $orrower shall promptly discharge any lien which has priority over this Security lastrument unless Borrower.(a)�g:es • : `_'-
<br /> •• • '� �f•; ; �n writing to the payment of the obligation secured by the lien in a manner acceptabte to Lender:(b)contests in goad fair�the ��.
<br /> � �.�;:; 'M , - 1'sen(ry,or defendg against enfarcement of the lien in,legal proceedings which in the l,ender's opinion oper•"..;.:?o pre��er:i lhe '" ",::
<br /> -�°-
<br /> ;:j-; �;�:�?:;.:'. �r�a.*�ent af the lien:or(c)secures from the hoJder of the lien an agreement satisfactory to Lender scL�m��:a'.':'���'�!ien .;;.,".-
<br /> - r�.;r..,. �'
<br /> � �*. _ � � :a t��'as 5�.::rity Inswmeni. If l.ender determines that any pari of the Propeny is subject to��:en which cn-�p:�:�r{�::�ty • . • .�:
<br /> . �''. •:-�.�,, over t.yys$ecurity Instrumen�l.ender may give Botrawer a noticc identitying the lien. Bc�!�ai�Er shall satisFy�`�s liea c�:�ake • ,
<br /> •' �'�- '-;:��'•°''`� one or more of the acti�ns set foAh ab�ve within d�days of the giving oi natic�. �
<br /> �` ��` '�'i•�• 5. Ha�rd or l�perty Insurance. Bcr��wer shall keep the impro��•e�:a�1s naw ezisting or herea�:�:r erccted on the
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<br /> , • Property insured against Soss by fir�..hazards inrtudeQ within the term"cxtr,s:x ccwerag�":and any other hazards.including
<br /> flaods or flaoding.for which Len3�z:yuites insurnnce. This insurance�,`r::'�'�e r:�zintci:ted in the amaunts and for the
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