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<br /> � TOGEiHE[t W17'�i alt[Ae improvemeats aow or hereafter aerted on�he prope�[Y•and alt easements.a�ptutenances,
<br /> = — and t7atvres nnw or i�ereaftcr a part ot the propeny. AII ieplace�at�its_and a�ditions sfiaU aLso be covered by thls�urity.
<br /> _— � instrumen� All of the focegoing is r�fened ta in this Secariry Insnum�nt as the"Ropem•" � .
<br /> - iF BORROWER COYENAIYfS that Bfxrower is[awfulIy seise4 of the estate hzreby conveyed and t�as the right to�ant
<br /> --�= and convey the H'oPertY and that ihe Property is un+ensumbeced.Fxcept for enc�unbrances af recard. Barrower warrartts and --— _ _
<br /> -�� wiil defe�d generalIy the title tu the�+uperty aga�nu ail claims anddemands,su6Ject to any enrumbrances of record.� �:-��
<br /> THiS SECLJRITY INSTRLtMF.1�1T combin�unifeirm co�enaitts for national use and noq-sutifomi covenants with ����___
<br /> - � Waitea variations by j�uisdictiaa co amstitute A un;form security inscrunnent covering�eai ProP�Y• . " �� -� �--
<br /> UNiFORM COYENAN'FS. Borrower and Leader covenant and agcee as follows: ����
<br /> L paymeat d Pr+ncip�l aad 1Rtemt+PrePaymeat aod Late CD�rges. Somnwer shatl pmmpclY{rsY.when due ttse �'r � �:�, -
<br /> ,Y.`; princi of artd interest on the debt evidenced by the Note and any prepayment and Late cfiarges due under the Notc. � ' Y.p,t�`�;
<br /> '•��:;'�. . ��{�'r��d Insu�aa�� S u b j e ct to a pp li c a b 2e law or t o a w ri tt e n w a i v e r b y L e n d e r.B o r ro w e r s h a l l p a p E o . � �-
<br /> 'F.�.s; �-�
<br /> ,. L�nder on tbe day monthlY PaYmenis a r e d n e u n d e r tfle Notr.untit the Note"ss p a i d in full.a sum i"�+�")foc(a)year iy :r�.�._'��
<br /> • L nde �
<br />. . e, -.� ta�ees and�ssessmenrs which may amaia priority over this Securiry instrument as a lieo on the Pruperty:tbf yearty teas�e6old ;`�,:�.•_..�•.=- �
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<br /> -'� . -= paymeats at graund reats on.the Ptope�ty.i�any: (c) YearlY ha�ard°r Qi°Pe�r.lasutance premiums: t�) Yearly fiaod {_:�-:=j;,_.:;eys,•;
<br /> 5 ,,. inswance premiums,if at►y, (e}yearip mortgage insuiance premiums. if any:and(t?�Y S�P���Y Borrower to
<br /> L�der.in accorda�ace with the visions of n 8.in lieu of the paymeat of mortgage.insurance premiums. These ���'"�
<br />. . �''�' � �, 'ei���'',.'`+%,.�w�T-}' �
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<br /> ite�ns ace plied"Escrow Items." Lendec may.at any eune.cotiecl and hold�'vnds in an amount not to exceed the maximum - s "�,�
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<br /> � �:, amonnt a lender foc a federalJy related mart8age Ioan may tequice for Bnmawer's escrow account under the federal Real �_: - _3:,=.
<br /> . f:".� Estate Seu(ement prncedures Act of t9?4 n4 amended fram time to time 12 U.S.C.§�601 er seq.1..RFSPA").untess another ,�;�
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<br /> � °. 'x�'�•- !aw that applies to the Funds sets a tesser amaan� it so.l.estder may.at any time.collect and hold Funds in an amaunt not to, _
<br /> ` . : `�" .,�:,�: exceed the lesser amoua� l.ender may esamate the amaunt of Fuuds due aa the bacis of curreni data and reasonable �Y;;�;;::A�. . -�"�_:
<br /> � � , . + _ '`�: esrimates of expendims+es of futuie E9ccow ite�ms or ott�emi�e in accoNance with applicable taw. � , .
<br /> i;-� � � The Funds shall be held in an institution whose depasits aze insured b�a federal agency.instrumentaliry.or enti►� ; � ` _.
<br /> . " ,�h., `.. ��� (incTuding Lender.if l.ender ic such an insatutioa)or in any Federal Home Loan Bank. I.ender shall appiy the Funds to pry: ,�, . �► <�
<br />::':G�`.:';': ,t:r- th�Fscrow Items. L e n d e r may not c h a r ge B o r r ow e r f o r h o t d i n g a n d a p p 3 Y i n g t h e F u n d s.a n n u a ll y anal y zin g the escrow ' •.� . ;
<br /> , �sp:z:
<br /> ": �.�: •:� aceoun�or verifyirig the Escrow items.unless Lender pays Borrawec interest an the Funds and a licable taw rmits ;`�"^` �� �
<br /> PP � ,:;v;.;... . � `
<br /> ,' LendGr to m a k e sus h a c h�e. Howev e r,l.e n d e r ma y r e quire Bocrower to Qa y a one-titue ct�arge far an independertt teal �„_.,,r.,�
<br /> ,� ,� _ • _ ° estate.ta�cep�r�ting service used by L,ender in connection with thislaan,unless applicable law pmvides otherwise. Unless an � M , �_
<br /> ��,,�. .� agreement i�uYade or applicable law requires interest to be paid.Lerider shaU not 6e requ'ved w Qay Bomnwer any interest or �,�rL . }F J Y'—"
<br /> , �.��. � eamings un the Punds. Bo�wer and Lender may agree in wnUng,however,that interest shall be paid an the Funds. Lender , ,
<br /> . ,�'��' ; shall give to BorrQwer,without charge,an a n m�a 1 accoun[ing o f�he F un d�.s howing c re d i t s a nd debits ta the Eands and the �<<;;�,... � ' � ,�.��':�
<br /> � . p i u p v s e f o t w h i c h e a c h d e b i t t o t h e F u n d s w a s m a d e. T h e F i mds are pt e d ged as additianal security far att sum�secc�red by ;; • �,�a.�_
<br /> . this Secur"sty insaumen� - t' �,'
<br /> =::.�:+F;'.:�•:`:' If the�ds held by Lender ex�i tne amounts pem►itted w.be held by appticabte law, Lender shali accou�t tn �- .: �t���. � ��- .'�
<br /> � �-••;: ;.�:��a;:. .�
<br /> ��. .p ::a ;� ..;.,,,.���;?.r�., •BQrrower��c ti�e excess Fnnds.in acoen�ince with the,reyuimments oFappticable law. If the amount of the Pands held bg . • .. '�r:� �
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<br /> -��':';. •' •• , � '�14.:�;- •:I.ender ar�,p. time is nat��ient ru�y the Escmw Items when due.Lender may so notify Barrower in writing.and.i� ,•� tr�»
<br /> ";t`�'�s ;' '' .,:i��`�"�'`'�;�-' ��ch case Borrower shaEl. to Lender the amovnt necessary to mal:e up thc cteliciency. Borrower shalf make up tt�e �1_., . . .• -�;,; :
<br /> ''-���� :" �f��. �"� ' ��ciency in no more tiian��lve momhly payments.at L.ender s sole discretioii_
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<br /> ���" � '`��p: '" ; ilpon payment in full of all sums secured by this Security lnstrument.L.e rt d e r s ha l l pmmp il y r e f u n d t a B o r r ow e r a n y • •
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<br /> '��"�'� • • ,'''''�� Funds hetd isy Leader. If,under paragraph 21.Lender shal!acquire ar sell the Property,Lender.prior to the acquisition or � .�;�
<br /> ��'�'`�� � �'h' - �•':.� sale of the Prapetcy,shal!�pply any Funds he[d by Lender a[ the time af acquisition ar sale as a credit against the sums •
<br /> • ,�` � �.; secured by this Securiry Instrumens. , �
<br /> � 3. Appliqtion af Payments. Unless applicabte law provides otherwise. all payments reccived by Lender under .
<br /> ' .. paragraphs 1 and 2 shal!be applied:first.[o any prepayment charges duc under the Note:Second.to amounts payable under .
<br /> '*' � p��rapb 2:third,to imamst due;foutth.to principal due:and las6 to any tate charges due under the Nore. ': , r
<br /> ' 4. Q[arges; Liens. Borrawer shall pay all taxes, assess�enGs, charges, fines and imgositions atuibutabte to ttie ( , . '�
<br /> �- - ��;��':�,.�`;,;: Property aftich may anain priority over this Serurity Instrument,and leasehold payments or gunnd rents.if any. Borrower l•' ' ;�
<br /> �:' y►:' u•,. r��. .... , � . . .
<br /> � ���?�..� ,, ,,:.:`.� s h a 1 1 pay�n:se o b l i g a t i o n w i n t h e m a n n e r p r o v i d e d i n p a r a g r a p h 2.c 3 r i f n o t p a i d i a t h a t m a n n e r.S o r r o w e r s h a l l p a y t h e m on ,
<br /> r� ,' r c'�me directiy co the persanowed payment. Borrawer shaii promptly fumish to LertRier all nouces of amounts to be paid under ,�;. �_, � '.
<br /> 'i<�... .• ;.= chis para g a ph. If Barm;�i�makes these paymenu di�ly.Bomew•er shall promptly fumish to Lender recei�ts evidencing ,
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<br /> , `.. +:.•• ,.:�i�;,. �e paymenu. '"• �.,
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<br /> :: �. '� ' � Barraae:shall promptly discharge any lien whicir li�;�.r"c�riry a��r this Security Instrumein.uniess Barra:�er.(a)agrees .• � .
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<br /> � _ -a�r '� in wriYsng r�d?e payment af the obligation secured by che�ie1 in a rraner acceptable ta Lender.�bt contestc in�ood faith the
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<br /> • `��= �� lien by.e.���`ends against enforcement of the lien in.f�al�rece�::::ny which in the l.ender's opinion opera;e t�prevent the
<br /> . .:�,3�r ,. enforcesnent of the lien:ar(c>secures from the holder ef ctte lien an a�reement satisfactory to Lender subordin:ang the lien �• °
<br /> • ' to this Security Instrument. If Lendet detetmines thwt zny part e€the ProQerty is subjsrt to a lien which may�n.ain priority � .
<br /> '��� over this Security Instrament.Lender may give Barrower a notice i�ir_ntify�ng thc lien. Borrawer shall satisfy tt�e lien or take
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<br /> . . • ' • one or mare c�f the actions set forth a6ove within IU days of the givinb of natice.
<br /> � • � S. �fiaxard or PropeMy Insurance. Borrowcr shall kecp thc::nprovements naw existtng or hereaftet erected on the
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<br />. ,,4�,,; ;. ' . .' .� Properiy insured against toss by Grc,halardc includcd within ttte term"extended covcrage"and::iy other harards,including 4' �
<br /> i�:`�;�• ' floods or flooding. for afiich l.tnder reyuires insurance. Thiv ir.�urance�hall be maintained in the�mounts and for the ,
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