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<br /> � TOCE CHER WiTH sll tbe impruvanents naw or f�►fter erected a�n tUe prope�ty.and a1I e�semeats.appuKenances.
<br /> -_ and�istures�iow or haeaRer a part of the p�+uperty. A!1 replacements aAd addidons shali also be rnveretl by ttils Secariry
<br /> � Iastxumcnt Ap of the focegoing is cefemd ta in this Sgcusii},.insbumeat as the"Pruperty. ` ,
<br /> -��= � BORItOWFR CQV�NANTS thai Borrower is lawfully seised of tlhe estate here6y convey�d and h�the ri�t to gant — _
<br /> '� �� • and convey thr Properiy and thai the PfroDertY�S unen�wmbered.e�ucept for encumbrrncrs af record Bunower warcants and _ -
<br /> - arill�fend generalty the titte W the P�+upetty asainst atl ct�ims and demar�is.suD�ect to nny encumbcances of record. . _-_- --
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<br /> THIS S�URiTY ItiSTRUMF.1�iT com6ines uniform wve�ants for n�tianal ase and noa-uniform cove�nts with _-_—
<br /> - 4:� timited variations by jurisdiaion to catutitinit�a anifomi securiry is►strumeru covering rral pmpe�.. �- �--_._ �---
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<br /> UNIFORM C4VEN.4NTS. Bom�µ•er and I.endes cavenaat and agree as follows: � ��.�
<br /> ,�YC� l. Payma�f ot Priadpal and Intercst:FrePaYmcnt and Late Charges. Borrower shall pmmP�Y PaY wfien due[he .�--=-=-
<br /> - ' and i�rterest on tAe debt e�idcnced b the Note and any pmpayment and la[e charges due under the Note. Y`� ;�'=-=-
<br /> . - of Y . � _
<br /> _ ���F�{ar?axss and tasesanca Sabject to applicabte iaw or to a wntten waiver by Leader.Banower shait pay to ���
<br /> • Lendcr an the day manthly payments are due under the Note.und!the Note is paid.in fuIl.a sum t°Fuads")for.(a)yeatiy __ __
<br /> ` W� taxes arcd asse�sments which may auain primity a�er this Securiry Insaument as a lien on the Prope�ty:(b)yearly tensehold - - —
<br /> �:,�. paymeMS ar g m u n d �ents on t h e P r o p e n y. i f any. tc)Y e az l y h a z ar d o r p r o p e rt y i n s u i a n c e p re m i u m s: td)Y e a r l y,ttaod -_-----� .�
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<br /> insurance pnemiums.if any:(e)yearl9 mortga8e �^��*�nce premiums.i f any:an d(fl any sums p a yabte b y Barrawer to `- ��
<br /> �',.��': Lender,in an.-ordancc with the provisions of paragraph 8.in lieu of the payment of mortgage insurance premiums. These � ���:__
<br /> _ = items a�e calted°Escmw items." Lender may,at any tim�collecc and hold Fimds in an amount not to exceed the maaimum , �.,, ��
<br /> •`.�:� - amount a tender for a federalip related mortgage toan may require far Bocrowcr's escnuw accoant under the federal Real _.�;���-- -
<br /> � r�f. : .�r�-: � Esiate Seitlement Piocedvres Act of I97A as amended hom time to time.l Z U.S.C.§2601 et seq.!"RESPA'�.unless another �,-�:�;,;i:���
<br /> _ '�;�,�;"' � l aw that applies to the Punds sets a tesser amoun� If so.Leader may,at any time,colleci and hold Funds in an amount not to =
<br /> _ ,. _ : :. er,�d the less� amoun� Lender may estimate the amaunt.of Funds.due an ttte basis of current data and reasonable . �_
<br /> - ', ; •'`° escimates afe�pea�itures of future Fscrow Items or otherwi��accardaia�e wiih a�plirable taw. �'
<br /> ���{� ` - • 'Ii�e Ftind�si�a116e held in an ir�stitu6on whose deposi[s ace�d by a federai ageocy.instrumentality.or entity . . '. .:•:;--
<br /> �-` -. t arsiuding Lender.if Lender u such an iiutitution)or in�y�C�deral Horiie Loan Bank Lender shall apply the Funds to pay ` � `'�
<br /> �' • . . tt�`�scrow.Items. Leader may not charge Barrower for ti�ii�ing and applying the Funds.annualJy anafyzing the escrow _. . . ._
<br /> `' accoun�ar verifying the Escrow items,untess Leruter�rav�'Barrower interest on the Funds attd applicable lads permits . . `� �:,__
<br /> `���`-'" � • � Lender to make such a charge. Hawever,Ixader may�cegi�irc Borrower to pay a one-time charge for an independent real , . _-
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<br /> ?r�:= , E. � � estate tau repocting service used by I.ender ui v�anectioa with this toan,unless applicabte law provides othemise. Unless an - � --
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<br /> ' � �.,�x. _ , � agreement is made or applicable law requires Crmzi�est to 6e paid.Lender shall nat 6e required to Qay Borrower any interest or � . � . _
<br /> . � , ;�E - eamings on the Fcmmds. Borrower and Lender may agree in writing,however,that ireterest shall be paid on the Funds. Lender , __
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<br /> '�;:'>�` -'"' �" shalt give to Borrower,without charge.an annual accoua*ing of the Furtds.shuwin�credits and debits to the Fimds and the ' ` ';
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<br /> . . ,:�;.ti';�.� � .' � �:upose for which each tlebit ta the Fands uas made. 'Etie•Funds are pledged as additianal security for all sums secured by, -
<br /> ��Security i�ment .. ' . �• . : . . , `
<br /> °���'� � if the �'held by Lender c�€�i.� amounts permitted to fi�iv:ld by applicable law,L.ead�r shal�a�count to ,
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<br /> ' ,;,��'�; '.�� .y t�arrpwer for��r:eiccess Funds in accar�?���ith the requiremertts�:J=��icable law. lf ihe amrnusi of the Filnds held by ' . �'�
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<br />' - . '" L•.�rder at any time is not sufticient to pa;��:z Escrow Ir�ss when c.u:.,G.ender may so nocify Boir� g.and.in ,
<br /> . . ... � . su�case i3orrower shall pay to Lender�se amount��x�.�sy to ma�� up the deficiency. Borruwer sAali ma8.e up the `-.:;}4�f�: . . :.� ..
<br /> • _ � � ��ciency in no more than twelve monthly pz}^aenu.4s.Er�v�eer's sole discreGon :� I , `"<<��; . . ''
<br /> � ' '� � Upon payment in full of all sams szr.v:c�by ti:i��.�3�.'rity tnsu�anari,Lender shaU pmmpdy�c!to Barcower any , � �?,: �
<br /> ' , , • •� Funds held by Lendet. lf,under paragr�'s.2t.Lendes�G='1 acquire'cr s�ll the Property,Leader.�rn;r co the acquisition or ••��•;E`
<br /> . sate of the Praperty.shall apply any i"r,r.�:tTe�by Ler�s�.�at the time of acquisiuon or sale as�►..-cedit agaisut the sums i ��
<br /> �. ' � � �ee.�urec!by this Securiry Instti:mL�*'?.. • . , , • ��.
<br /> � ' � � 3. Applicatlon of Pag�ts. C'_:i�s applicaL!:�:�-+provides otherwise, aSi p�vments received by Ex�ier under � .
<br /> � � , ° • ;. �ragraphs I artd 2 shall be z�+;':.°G:fr�a�any prepayr.t�:.t charges duc under the;E��te:second to amounts pz?�;le uttder � • , -
<br /> . _ , ° paragraph 2;t[�d.to interest due;faurt�i.u��;zncipa!due:and las�toar.ss•�,�te charges dde under the Note. • . -
<br /> •;';;'-:;�. ,. � . _ 4. C6�; Liens. Honower�I.T:ray aA taxes. ass�:csm.cr��.cbarges, fines and impositions attributabte to the � � '"
<br /> :;,,;�:.:•. : . ` property which may attain priority aver��:s��urity Ir.sr.�inent.ad�r:asehoId payments ar gtound renis.if any. Borrower ' „ � . _
<br /> . ��,4a11 pay these obligations in t hc manner�ravi d e d ia�+_:,r�.--ap h 2.or i f no t p ai d i n t h a t m a n n e r.B a n o�y e r s h a l l p a y t h e m o n �
<br /> � . . • rzi?e directly to[he person owed payment. Bor:ower�il.z1.�a:omptly fumish to Lender all notices of amounts t�be paid under S: ,, • :: • :
<br /> '. ; .. . ' �`�'s paragraph. (f eortawer makes these?�.;<<Ar.ts�"sr.�?'y.8arrower shall prornptly fumih h to L en dcr receipts evi dencing � .
<br /> 'S� . the paymeNs. � ! ��•
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<br /> �,-�;. . .._ . . Borrower shaii promptiy di�chargea�s:� �.-s which has priarity over this Security Instrument unless Borrower.(a)agrees � . . -n
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<br /> . � � .� ':� � in writing to the payment of the obligation::y::.::d by the lien in a manner acceptable tu Lender.(b)crn�te�ts in gaod faith the . . .
<br /> � ' `�;�;�� • " tien by.or defends against cnforccment ef::i lieR's::.'r::=.��.•�rocccdings which in the Lender's opinion operate to prevent thc �
<br /> . ' �F��^;_? .. ' . . �;�forcement of the lien:or�ct:�:.^cres f:c^?.ye:�c'wcx ca`r���:lier►un agreemeni sati�fa,x�ry to Lcnder subordinaiing the lie� � �,,;;;,' : ..
<br /> ':'?`y���- u..�this Securiry lnstrument. Lf[;.e::dcr d:r,��.,:-4s t".:::c wR'� ;3ar1 of the Property is snlii�a.;:to a lien whicb may atL:i.priority � , �
<br /> :i:;;� .���er this Secwi�v instrumer.t.Lencier sn:��:�.:�or.o��a nolice id��nllr;�ng the lier.. Borrawer shall satisfy the;F�-n or take i , ..�.•�,
<br /> � �` � c�.:e or more�f�i'��actions ut fonh abe�e.�-:��-:�10 days of the giv�n�ci r,otire. f � ' ';��'�
<br /> • � • . 5. Ha�rrs or Praperty Insuran�. 3�rrowcr s':all kcep the ir:iprovemem�naw cxi�ting�sr::ercaftcr erc�ed on the � � , �'�
<br /> • ' {?t-ogerty insured against loss by fire,hazards included��irnin�he tertn"e�tended a�veragc'and any other hazar�i.ti including � . . .
<br /> []oads or flooding, f�r which l.cttder reyuires insurar_c�:. This insurance +ha11 he mainlainecl in the amount ;�d for the G
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