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<br /> —. 'fOGEiHER WfPH all tho impravama►ts anw a iKreafter etectod on the prope�'ty. <
<br /> — _ ` �acM fizmres ttaw or�eneafter a part of the p�opeA3►• Atl ceptacements and Addirions shaU also 6e covered by th4s Secnaity.
<br /> � Insntunen� All of tite finegoing is refemd to in Wis Securig►Instrument as the"Ptopeny." .
<br /> BORROVYER COVFdUAM'S that Boirower is Iawfally seised of the cstate heneby canveyed and t�as the rig1�ta$tsP:�
<br /> and convey ti�e Propercy and that d�e P�uperty is unencmnbared.eaeept for encum6rances of.�ecord. Ba�mwer a��
<br /> • wilt defend geneialiy the dde w thc Ftaperty against aU c�aims and de�nand.�,subjcct to any eocum6rances of�
<br /> -- - _ TIIIS S�CUR17'1l IIvS1RUMENT combines unifortn covenants for nauom�t use aad non�nifart�.cavc��.w�et�a. ---
<br /> = limited variatians by fiuisdicsion co consatute a w�ifmm se�itY insuument covering real pmpertY•
<br /> UNIF�DRM COVENAN'�'S. Borrower�d Lender covenant and agree as fallows: wR�en due tbe
<br /> 1. P��mest ot PrLclpd and Iatersst;PrepaJment sutd Lste Chuses. Bormwet stiall pmmpFiY PaY.
<br /> —�``. principal of and interest oo the deM evidenced by the Note and anY PreP�Y�nt atsd taze cNa�ges due u�det the Nat�
<br />=: t, Z. Fends tor Taus and IasaraucG Subject to applica4le law ar ta a wriuen waiver by Lender,Ba�row2r sMli paY co —
<br /> - L.endcr on the day monthlY PaYments arc due under the Natc.until the Note is paid ia fa1l.a s�m("Fiatds")far.{a)Yeuci�`
<br /> taxes u�d as5essments which may attain Pnasiry over this Security Insawne�t as a tien on tt�e PraPerty;@�Ye�1f•.k,3.�� . -�-� —
<br /> a rents on the Propeny. �any.t�)Y�ly Uarard or property �nsurance Premiwns: (d),Year[y'�1t''�' �--
<br /> _ �,-��„��,�`,�,�s�ny (el Y�Y �8e ���e P�euuams.if any:and(fl�Y•�PaY�� �'Y'Ba�aatet�ca,. —
<br /> DE
<br /> Lender.in accocdanoe with tUe provisions of paiagraph 8:in 1'seu of the payment of mortgage insuraryce p�.c,:�s:.7i�
<br /> - ,j; • items are ealted"Escmw Ite�r,s." Lender may.at any t+me,ecil�et and hald Funds in an amcHmt�oE tu at�ed ah��[i�una, �—
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<br /> ' ,. anwunt a tender for a federal[y relate3 moitgag�I��Y.�N�for Batrower's escrow accauRt.utrd��fed�'rt�'RCa1'
<br /> `' Estate Settlsment Aocednres Act of 19T4 as aa�from fime to timc.12 li.S.C.$2601 et seq.("RFSt'ifii•");�s a�Dtt�t �`�_�_
<br /> . - .f.. lav�c:tRsat applies to the Funds sets a lesser amauaL.if so.I:�¢iier may,at any time.colted arxf hold�rnd's�in an aaa0vitb aWs�a•
<br /> :•, e�ceed ti�e lesser amoun� Leadei�Y�'%�the�unt of Funds due on the basis oF.cur[�t�E,:�C+aa�d•masonab'e =:4r��=�=:--
<br /> ,,., - es�tts oiexpenditures of fi�ture Escrow Ite�as othenvis�in accordance with applicable taw � `..;,� - ____--
<br /> r� � The Funds shall be hetd in an institutiati ahose de�osiu are insured by a fedetal agencY.ins�seata�l�'.�{,enrscy: �_r v_
<br /> t t (including Leadcr,if Lender is such an instiiutzea3 or in any Feder�t Home Laare Barilc. I.ender st�if:ali•�51�'.ti�e Fun1s to pay; --. -
<br /> ; �he Fscmw ItetnS.. Ixnder may not ct�arge B�rz�ower for holding and aPPlying the Funds.anr.ualljr��alYtin3 the escraw :;�;.�II�_
<br /> ' account,or verify'iu�the Fscmw Ite�ns,unless�.eades.pays Borrower interest�n the Rir�ds arr.dl a�P��h!�!aw pemuts . :..�.`.-�'•••-
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<br /> .... ,.,1,�ti ,.' � }.ender to malce sueB a eh3rg�:.Nowever.Leader map rc�cuce Borrower to Qay a�tiaae charg�ft�,atA:irQ�p�tdent real . .� ..-
<br /> ''''� `'. estate tax repoming service usc�f�y l.ender in catutectios++ivf�this loan,unless appa'ua62e!aw p�Yides att�n+ci3e:,t(nless an _� �,p�,t;�,:'.
<br /> #rxe�est to be paid,Lendcr shall not be e�m �asrovmt:ar}r.interest or � � `:�'�"'r.:%�
<br /> --� agr�eement is mad�m appliCr�Ufe�iaw req�es �r �9+�T PaY :`�r��':_'1;�
<br /> .`. '�� eamings on the Firrrds: Botro�4er and Lendez m�:a�e in writing.however.that intereist sh�U b�p,�id an the Fisads. Lender ,•rf���J ._
<br /> � .-,�r�:x' ' shalt give to Soiravter.withaut charge.an arsm�1 accaunting of the Fiinds.showin�credi°s ar.r3'dCbii��t'rr,the Funds and the �, ` /,",�`::-
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<br /> ' � purpose for whict�each debit to the Fuads was m.ade. Thc Fiinds are ptedged as ad+d�tcsrna l;e a n i t�'�fes iilI sums s�d b y �• '�-+',;.:,*_,_
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<br /> '� ', this Serurity instrumen� y � ' ' ;. ' :',;�;��- �,:;°
<br /> . . �` If the Faads held b Ler�der exceed the amotmLg atted to be hei�by ap[s�ri:s�[4�lavr,L�'shall a,cv4:;nt to ;. , :.,.; 'j,��:;;,,_�
<br /> � _ . � � Bormwer for the exsess Funds in accordance with t�.e req�yi�nent.s o�appli,cabte�laK� Ii tPia,am�uat 6S the gand�s fi�d 6y. : ;` ;,:•,_
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<br /> [.ender at any t��s not s�rfficient to pay the�Rscruw St:r�wtu�rs due.L�nder�maY.•sc�t��i'Bormw�r alt rr�aY:e u the " -=
<br /> , �•:�--�'����,:,y' such case Bamav�s:sfiall pay to Lender the amaunt necessary to malc�u�,tP.e d�fi:iency. P - -.�
<br /> . . � � � deficiency in no ir•.are than twelve monthl��paym.enu.at Lend�ers sole ds�cr�tio:a.
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<br /> � - -.,�.:;,;;_,..,� .�� Upon payment in full of al!sums secured by th*.s Securi�'Instnm.ent,�:endershalD promptly re�and to Borrower any .'�'-.
<br /> • Fimds hetd by Lender. If.under paragraph 2l,Leader shalt acqvise os,sell�e Pfa�^�tt�r,l.ender,prior to the acquisition ur .:'�-=
<br /> , . ••�.��;�� ,�� sale of the Propercy,shall apply any Furtds•hetc#,by Lender at tF�u tine af�3cc�ri�it�n ar sale as a credit against the sums ; .. _
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<br /> ' -�,;�.;N: secured by this Secunty Instrument. � . -_
<br /> � -°='•' 3. AppUcallon of Payments. E1�►Je6s apptiu►bTe lavE pn�ridut•ath�nvise, al!payments reoci:wed by Lender uader . . . . R t.
<br /> • - -_;,-.; ., • paragraphs l and 2 shail be applied:fim:to any pre�ay�ent ch�tg�due�under the Note:second,ta a�rounts payable under . , .'�f�'�—
<br />, . ,:_�� paTagrapl�2;third to interes t dle:fou r t h;t o p ri a c iF a l d u a t a a d i a s u t o a n y,l a t e c h ar g e s d ae 3mder the Notc. . . �- _
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<br /> '� ;�,� . ��� � A�, Cdarges: Lieps. �aower shall pay al6naxea: assessrtscntg. chatges. fines.:�ad impasiGons amibutable to the ,.:i^
<br /> -'t ��•;�,. ' � property which may attain priority over this Secnrityda:�tnment,and teasehold paymersu or ground rents.if any. Barroa+er . .;�-,:
<br /> �- �� shall pay these obligations in the manner provided in Qaragraph?.or�.i8�nat paid in that manncr,Eorrower shall pay ihem on � � ti�;. .
<br /> •� '': • � ' time directly to the persan owed payment. Borrovret shall�prompily�furnish to l.ender all notices o€amounts to be paid under ` ,�.�
<br /> :„�.
<br /> ,` :, . . this paragraph. If Borrower makes these payments directty.Borrow.er stratl promptly fumish to l.ender rueipts evidencing • �
<br /> ' "' the paymenu. �:��'-_
<br /> ' � Boaower shall promptly discharge any lien whieh has prioriry over ihis Security Instrument unless Horrower_�a���,�:ees • ^.:__
<br /> �•<<;�`�`-,-.� ,,:� in writing to the payment of ihe obligation secured by the liers in a manner acceptabte to Lender.(b)contests in go�`aith the , i'.�:
<br /> �._m.
<br /> �`��` �' � ' lien by.or defends against enforcement of the lien in,tegal praceedingc which in the Lender s opinion ooerate to prevent the :��;,-r,.-_
<br /> r,r., .
<br /> ':,� ,�,�:��;�.�• _ enforcement of the lien:or(c)secures from the holder ot the lien an agreement satisfactory to Lettdc�r�i�ordinating the lien � . : _ti.y,_:.
<br /> . �yx+?t�':, . _ ta this Securiry Instrumen� lf l.ender determines t�at any pan of ihe Propesly is,ubject to a iien r��tuds may attain priority
<br /> . :+�;��t +� over this Security Inswmen�Lender may give Bortower a notice identifying the lien. Borrowcr shaf]satisfy the lien or take
<br /> '�:��''�°�� arz or more otthe aciions set fortb above within 10 days of the giving of notice.
<br /> . �...•1 �'
<br /> 5. HazArd or Propert�Iasurance. Borrower shaU keep the improvements now existing or hereafter etected on the
<br /> j;'� � Property insured against loss by fice,hazards included within the term"extertded coverage"and any other 6azards.including
<br /> � ;� f • . t�nods or tlaodi.�g.for which Lender requires insurance. This insurunce shall be maintained in the amounlc and for the
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