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<br /> � — � TOGEI7iFR WTfH aU tbe impravements now or hereafte;,erected an the prq�ertY.and att easements.aPP���.
<br /> � - and futures aow or�after a part of ti�e propercY• A11 reP�eaie�its and additions shal!aJso be covered by ihis Sa�rity � _
<br /> Instiumai� A!i of tt�e foregoing is refe.tzed to in tltis Secu�tY Instrum+ent as the"Ptagerty."
<br /> •4 BORItOWER COYENANTS that$om�wer is tawfully seised of the estate heneby conveyed and has the right to giam -
<br /> = and convey the Property and that the Pmperty is unencumbered.except for encumbiances of recocd. Bocrower warranu and
<br /> . _��!- v�71 defead gtnerally d�e 6de W tbe Pmperry against ail ctairos and demands,subject m�ny encumisrances of recorA. , -
<br /> -� =- THIS SECURITY INSTRUMENf combines uniform wvenants for national use and noa-uniform covenants with _.- -.-_. -----
<br /> - -� limited variations by,jurisdictian to constitute a unifortn secnriry instnuuem covering ceal property. _-�
<br /> UNff�RM COVENANTS. Boimwer and Lender caveaant and agree as follows: �=�-
<br /> = L Psy�ent otPciqdpal aud Uterai;Prepa9men�aad Late Clwrges..Bormwer s�al1 promptly pay when dve the � �
<br /> _ � principal of and intarest aa tbe debt evi�by the Note and anY P�Yment and tate charges due under We Note. __
<br /> r< i Fiunds[or Taaes swd IacarsncG Subject to applicabte law ar to a written waiver hy a.ender.Borrower shall pay to . ?°�_�`�--
<br /> •,'`.';+' ;,� a ts are due under the Note,until the Note is aid in fult.a sum,.("Cvnds")for:(a}yearl ����-
<br /> I.endcr on the day mon�hlY F.Y� p leasehotd g`�_"�.�v—
<br /> _-�.� taxes and assessmenrs which may attain pdority_over this Secuzity Inswmeat as a lien oa the Fraperty:(b)Y�Y '� �" -
<br /> ,'. paymems or ground reats on the Progecty. if any; (c) YeartY h�zard ar property insutauce pmniu�id)yearly ftoad �,:. � -_
<br /> _ ;�,::_ inswance premiums.if any:(e)Year1Y m�rt8a8e.insurar�ce premiums.if any;arid(�anY su�Fa}-�ble 6y Borrowet w �-- _
<br /> mo �-=� _ ,
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<br /> (ender,ia accordance with the provis':ons of paragrapb 8.in lieu o f t he paymen t o f m o rt g a g e i n s m a nce p r e mmms. These - ��,��.
<br /> �'�.. " t�� items aze called"Escrow Items." l.eader�say,at any time.coflect and hotd Fqmds in an amou�aot to exceed tAe maximum rar=,�=>_-----�
<br /> t�,,r. amutu����nder for a federally tetaT�rs�rtgage[oan may ieq�•for Borrmver's escrow a�aunt under the federal Real �'�:;:w�_-_ --._
<br /> '�. Estate Se�iement Procedutes Act of i r�i'4 as amertded trom am�tio si.-ne,i2 US.C.§2601 et seq.("RESPA").untess another �`�, `�= �-----
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<br /> `�'e� law that a�plies to thc Funds seis a le.uer amount: �f so.Lender�,at any tic�collect and hold Fands ia�n amount not w '° _---
<br /> � ;`� �:�. exceed t�e tes�er affiar�at. Lender ma estiras.'e dre amouat.ef Fvnds'dse a�s the hasis of cutrea[�and reasonabte `.,a4.
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<br /> , ;�.:�, �'-' �ates��experz�Z�rres of future Esci+nw Ite�c�athecwise in�ocvFdance ui;�appticable�w. .'. ' . � -- `��
<br /> .Y: 'i7ie F�nds�be held in an instiiutian whose tieposits�ursnmd by a feQera!aa�s�y.:-vr-�a�.�?ity.or entity A�`t`F
<br /> rig�1C�''ISfIdS LO�351 �:.si.�:.
<br /> ;�.r,�.�.' (inctudit�Lende�if I.ender is such an irutitution3 or in any�.�1 Home I.oaa Banic.. Le��s'�aIIy�tt_.� S . ..-.�_�:Y, _
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<br /> • �� the EsCrow Items. L.e+�er may not charge Borrda�er for t►�Id:rg and applyittg the Funds,a�nuall a..:.:�tin the escrow _-
<br /> � , %'' _;,' account,or verjfMp,g.if;e Escmw Items. unless I�.?der pays Botrower i��st on the Fimds aad�Lri:�ule law permits ... _ •..�,.
<br /> - ' � Lender to maice sucii a charge. However,I.ender may�requu�e Borrower tss pay a one-time charge far.��i»dependene�rea1 .`- �" :>.._
<br /> �:-�K.�::'''�: , estate tax reporcing sersice used by Lender i�connection withthis toan,unless applicable law provides'ct:...�vise Untess an • ��,___
<br /> ' ' �.;;�'-:�: .. . agreement is made or applicable 1aw requires interest to be pai�.�;ender shall not be requ'ued to pay Bomower any interest or ;";,. i:.�,.
<br /> �" ` earnings on the Funds. Borrower and Lender ma in ar•�-�- 'however.that interest shali be a�d on the Funds. Lender ' �-� �
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<br /> • � . 3'�- ':` ' shaU g tve to Bomovver.without charge.8t1 NII1U�:3CCOt111t1IIg 6z�S�unds.showing credits and debits ta L5e Fw►ds ar►d the .� , � „•�,��
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<br /> ' _ . z{.', p u r p o s e f o r w h i c h e a d x c i e b i t t o t h e F u n d s w a 4 i r� T h e F i m�i s a r e p l e d a e d a s a dditiapal securi ty for aiE�ums secu r e d by �'�
<br /> �'' this Security Instrutae� � . .[- _
<br /> �:,.;�'�, •;;'ti;,.'',� -
<br /> If(he,Punds hetd by Lender exceed the arn�anu permitted to be�°:[�by appticabte law. Len�er��all account to ,�;�r;.;.r�-:��
<br /> ! . .�:,`��;.:�;r
<br /> Bormwet for the excess Funds in accordance with she requirecaents of appticabie law. f the amoµnt of tn:Fwtds held by J•44(. .' '''I"' -
<br /> - l.endei at any time is not suKcient to pay the�ccraw items when due.i.ender may so notiiy Borrowei�writing.and.in ••, � ,_
<br /> �• . such case Borrower shall pay to Lender the aresnmt necessary to make up ihe deficiency. Borrowes�i�all ma[ce up the ,`'i:'� _ > F -
<br /> � �• ' ' deficeency in no more than twelve monthly paymems,at Lender:s sole discretion, f��� ��
<br /> ' ' � Upon paym:nt in full of aU sums secured by this Security Insmunent.Lender shall promptly refur,�to Borrower any ,. �:�:-`
<br /> ' ;'����,• ; Funds held Ay I.ender. If,under paragrapb 21.Lender shall acquire or sell the Property.Lender.prior to the acquisition or i:
<br /> '. S;. sale of the Property.shall apply any Fundc held by Lender at Ihe time of acquisition or sale as a credit against the sums �,
<br /> ;-�`�:• ; securedby this Securiry Instrumenl. . _
<br /> �•.�.?�; . 3. Appliption ot Payments. Unless applicabfe law pravides othcrwise. all payments received by Lender under �, . :.;�,
<br /> , '� •' paragraphs 1 and 2 sfrall be applied:first.to any prepayment charges due under the Note;secanQ to amu�snts payable under �,; ;,r �
<br /> , '�; ' aragrdph 2:thirA,to Es:terest due:fouRh,to panc�p�l due:and last.to any late c�i.:rges due under the Note. ��,. - _
<br /> . � rI�."-���.��'.� • ' p g Borrower shall av��!taxes, acsessments, ch�b:s. ftnes and impositions a.`;ributable to the . �+. •,
<br /> �?4� . � Charges; Uens. P , -
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<br /> -. • Ptape�y which may attain priority orer ihis Se.:�:r.ty Instrumertt,and leaseh���paymenGg or graund cents,if any. 8orruue* f� , .,.;�.:;: _ °..•_;�,�.
<br /> �� •���`�;` " ' < sha+t pFy�ese ob:igations in the ma^:er pro�ided in paragraph 2,or if nat��d in that manner.Borrower shall pay th�c.�e _ �'�:�1��,;�;, ' '; `;
<br /> � ��� time�irectly to tf�e�2r,vo owed paymei'-t Borraa�er shall prompily fumish c�Lender all natices of amounu to be paid=�1er �. ' �: , . �..:,t
<br /> -.±w�-,. � . �. k.,,
<br /> .' this patao aph. If F�ccrawer makes these p»}rrern=i directly,Borrower shali�romptly fumish to l.ender reccipts evidencing , . _
<br /> . ' the payments. . a _
<br /> 'f`°' � Borrower shall promptly disc[�2sge any lien which has priority over this Security Instrurhent untess Borrower.(a)2,�e�s . .
<br /> � � °`��:;. :". ,� ' in writing to the yayment of the o6li�a2ion secured by the lien in a manner accep�able to L,er.�r db)contes�c in good f�i�.i Gae ��,; , • ; .
<br /> • ' lien by.or defends z�ainst eriforce::ent of tne lien in,te�al praceedings which in the Ler.dr.ry+rinion operate to preb��1e . .. ., ,
<br /> � � enforcement of the 1ie*c;ar(c)secures from the holder of thc licn an agreement satisPactory t�i.ender scL�ordinating u`�.'::�.s ,
<br /> ' �-�� •.'. �T . . to this Securiry Instrmr�,:nt. If Lender determir..s that any part af ihe Proper[y is subjcct co a lien whic[r may attain prsarity,
<br /> '..:J.-%' ' '
<br /> � ' over this Securiry 3rs�ument.Lender may give Borrower a notice identiiying the lien. Horcower shall satisF�the fieR a�c2ke
<br /> • one or more of the actions set forth aUove within 10 days of the giving af notice. � . .
<br /> • . � • ` • ''s. Huard or Property Insurance. 8orrower shall keep the improvements now ex;sting or hereafter erected an c.�e
<br /> • � � ' Properry insured agalnst loss by fire.haxards included within the term"extended coveragc'and any other hazards.ir.cTu�aing
<br /> � `' . . • ftoods or f�ooding.for which Lender requires insarance. This insurartce shali be maintained in the art:vunts and for the � .
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