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<br /> — 'PQGEIHFR wrFH.au a�e improvemeatv n�w or he�afte�ec�octca aQ cne propeay,ara!all e�uments.s�ppu�ta�a�e�s. �
<br /> and futt�ues now or herattec a put af t�e propetty. All xepFacements and.arWidons si�all also be coveced tsy this Security .
<br /> — tastrumeac. Ail of t�e foregoiug is�eferted w in this Security insuument ac the"Pbpeny." `
<br /> BORR0INER OOV�IYANTS that Bam4Wf�'is TawfuIty seised of thq cstate�ercby oonveyed and has the right w graat '= .
<br /> — and conYey tbe Ptope�cy and that tt�e P�ope{ty,is tmF�eumbeced,eacept fac encumbrances of record. Boriower wamanu a�
<br /> will defend generally ihe titlg to the,PropenY a8�4 atl claims and demands,subject to any et�umbranors of record
<br /> THIS SECtJRiTY INSTitt3I�N'P•combings unifam co�enants for national use and�non-unifmm covenants with
<br /> titnitod vasiaaons by jurisdiction to canstitute s�unifo��tY�cove►in�real pmp�e� . � - ` ' . .
<br /> :: — tilVlppRIV(C4VENAI�!'S. 8ocrower aad.LetMer covenanE and agtee as folIdws: when due the
<br /> - - L. Ptymq�t.ol P�ipQl�sd I�tesest;Pr�paYmeat aed Late Ghpr$es. Bomnwer stiall prop�Pt�Y P�Y -
<br /> =` princ� I of aad intetest on the debt evidenc�d by.the.Note and,a�t}+,prepaY�nt and late charges dae under.the Note.
<br /> � . � .Fao¢q.foc,Ts�es aad I�sararce• Subje�t tq�ppficabl�lav�a m a wntten waiver by Lender.Horrawer s4a11 pay to .
<br />''_- 1,c�de�au the:dag?mQni!}lY,PaYme�u are c�ue,wi�eC.c�•�Rte•.�nEii.thG Note is patd in full.a sum("Funds")t'or:(a)yearly
<br /> ta�es and assesstnaits vifiich may attaia priority;ov�r tius.Secudty��S��f=!!�as a fien on the,PropeRY<b)Y�Y�� .
<br /> Y ta
<br /> ,. payrnents.ur gtaund.�ents.on the PmpertY.if a�n�r,(c},YeaztY itazatd,4r:l�P�Y insurance ptemi4�uis: (�Yearly ftovd
<br /> � iruurance prep�aans,�f aay:(e)Yearly mort�age�nsurance P���ms„if anX: and ffl any,sums.payable.by Bartawer to
<br />`�.� :•� Lender,in��vinth the provisions c?f'�-�agrapb$,in&eu of tt�e.�►Ym�1�t 4f mortgage insurance pt+�miums..These
<br /> ` ` items arc caUed"Escrnw ite�r�.s.° Ixnder ma�:at anX.�.wlte�t anA hotd Fvacls in an amouAt aot co exceed the.m�xim�qi : .:. : _
<br /> _ au�ouat a lender for,a fe�erally.related menp,�ge loan tna3!.�luire for Bonnwer's esc�w.accaunt under the federal ��t/e.a,�l.��;:: ' —.--
<br /> � Fstate Seulement.Pro�edtuies Act of 197A as�nepded fcom time to wne,12�.T.S.C.§Z�A��eq.("RF.SPA'71 U�C��NMF11ii1.i:`'.•.'. t Y`'"_
<br />' -r `��= law Wat applies Li�:he FiuMs sets a lesser acnc�s...�f�o,Lendec may,at any time.colle,c�a�3�uld�v�ads in an amount pot t�•:. �•;. :; . �1_�__
<br /> :•.t �-. �c� and.ma�u��.°� .�.��:
<br /> excad tbe tesse�:�[+ouM. .l.ender may��ate.the amoupt.of Fu�ls due a►the:�a'sis'q�;�¢ata
<br /> sec
<br /> � esdrt4ates of expe��ues of fuwre Escrow�ns ai��.�e i�accotdance with applira'S1e iaa:' . : <r�
<br /> -(,� '- Tbe FuaB�sEia�l be hetd in an utstir.�ivss;v��ise de�is are ins�ued by a fed�;a3,�eac�, '�'�� �`� _
<br /> �suvmental
<br />°. < .=. (inciudia�i.e�ei�.¢L.c�er is.suclt an in�'6i����a�ue a��.lrre�eral Nome L.oan Bac�..�der shail apply the F�s ta'�av ,.` L
<br /> x�•` the Escroy�•I�ns�;I�endet�a�.not charge•�B�i•ro�er�c�'�lding and.applyinS[he:�s.annualty anatyzinB i���scrow �t.. .���'__
<br /> � , ;a� �. ,, . - acc�i�at cen"€king the Fsciow Items.��e�>l:encler'pays Bo�rawer interest on t�►�;Funds and applica6le law permits . -
<br /> � -.� ` Lender to male satcb a charge. However..�der may require Bocrawer to pay a one-time charge far an independent rca� ��' __
<br /> ---• � estate tas repo�ting service used 6y Leuder i�coAnecpon.withshis loan,emtess applicabte law provides otherwise. Untess an : �T�„ _`���.,
<br /> � �% -' agieement is made or applicabte law requires interest to t�e paid,l.ender shall not be requued to pay Barrower any inieresl or ;,,}J:,_: ,—
<br /> ` �'�� � �hat interest shall be paid an the Funds. �.endgt �;;,}�. �- -
<br /> �_:�.. earnings on the Funds. Borrower and Lender inay agree in writing.however. f
<br /> S� z � - shall give to Borrower.without cdarge.an a�?:al accaunting.ot the Funds.showing credits and debiu w the FunBs.and the � ; ��
<br /> °� ` ` ' � purpose for which cach debit to the Funds s�as�ade. 7f�e Funds are pledged as additiunal securiry far ail sumg+ecured by . , r ;
<br /> • ;:; �� ' tlus Security Instrumen� ' . . '.
<br /> '� �` � • If thc Funds hetd Isy Lender eaceed the amour►i.s pe�miued to be held by applir,�ble law.�d;�shalt.�ccount ta ,_ • • ��-
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<br /> ` '�:�'�° Borrawer far the excess Fund�in accardaace with the,re�Qireme�ts oF applicablc.taw. If thc amou�a��.5�e�uc8s'r.eid by � .,;�;,"!=:s,_ _
<br /> ; ' Lender at su►y time is aot sufticient to pay tlte Escrow�arss when due,l.ender may so�otify Borrower in�r'_ti:�,�and in :,, �';St 5;},±���-
<br /> _> -• � �' such case Borrower shaq pay to l,CnAet the amount necessary to make up lhe deftci�ccy. Borsvwet shal!make.up the '�,,;�,��r�j �,Iy�:
<br /> �" � • deficiency io ao mare than twelve monthly pay�net�is.at Lender's sole discreGon. - , , -�-:;�����.
<br /> t��� . ' ttpon paYmero in fuH of a11 sum�searce�f by this Security I n suument.L en der s ha i l p r o m p f l y�d t o A a r r o w e r a n y _ - .-_,L_._ .?--:.'�'_ .
<br /> � °.� � . " Fundc heW b Lendes If,undcr paTagraph 21.L.ender shall acquire or sell the Property.Lender.Qrzvr to the acquisition or : ,a��
<br /> �'�,. -�; ,. sale o!the Propeny.shali apply any Fundc held by Lender at[he time of acquiSirion os sale as a csedit against the sums ���
<br /> '�`:� . , � � secured by this 5ecuriry Instrumen� . � . �� �;
<br /> .:'� � '. 3. Applicatipn of PaymenRs. Unless applicAble law provides othetwise,all payments received by Lender under . .
<br /> -'�?� . _ paragrapha 1 and 2 shal!be applied:first.ta a.�y prepayment charges duc under the Note;second.ta amounts payable under , �_'
<br /> . - , paragraph 2;third.to interest dua;founb.tv�i.�eipa)due:and last.to any late charges dne under th�1�'o.'e-' - - �..-,:=
<br /> r� • . 4. Char�es;Liens. Borrawer�a��pay aU taxes.assessmenxs.cl�atg�es.fines and imposivaas attributable to the . _
<br /> - - '. propesty whictr may attain priarity aver�.�s,5eeurity insmr�ent.and Ieasehold paymeMs or grourtc�::nts.if any. Sorrowes _ '_
<br /> ��• ' shztl pay these obligutions in tt-�e manrter praYi3ed in paragr�Y�2.or if not paid in that eaanner.Bortower shall pz��hem on •. ° �"",�-
<br /> ?'�-;,. ., '_ time directly ta ehe persan awed paymem. Banower shalt promptly fumish to i.ender a`_E notices of amounts to be�a:�under .
<br /> ` ' this paragraph.�Tf Borrower makes these p�n:en�c directly.Borrower sl�a�i promptli�'umish to l.ender receipts evidencing., , , _'-;;?.�
<br /> �' . �. the payments. .. � �.:�:,,::,i
<br /> • '��• • Borrower shall prompdy dischargc any Jien which has priority overthis Sccurity�^sicument unless Borrower:(a)agrees :���,:�;
<br /> 'i� ' � in writing to the payment of the obligation secured 6y the lien in a manner acceptable r�d:ender:(b)contesu in good faith the .� �;`
<br /> ��• :: ' , . •
<br /> . .�,±�, � � lien by.ar defends against enforcement of the lien in.Icgal proceedings which in the Lender's opinian operate to�sr•:vent the '
<br /> enfoccement oF the lien:or(c)secures from Lhe holder of the lien an agreement satisfactory to l.ender subordinar"��she lien �
<br /> , ' ;�.:':. •. to this Security lnstrumenG If I.ender det «ines thae any part of the Praperty is subject to a lien��srch may ariaiu yrioaty • ,
<br /> � � a � ,. oyer this Securlty instrument.Lendcr ma}p�e Barcower a natice identifying thc licn. Barrower sh���atisfy the lien or take �.
<br /> '�' :� . one or mare of the acrions set forth above within 10 days oi the giving oS aotice. �
<br /> � � 5. Hazard or Property lnsurance. Bonower shall kcep the improvements now existing cr I:ereafter ererx�d on the•
<br /> Froperty insured against loss by fire.hazards included within the term"extended coverage"and any other hazards.�cluding �
<br /> � � doads or t�oading,for which Lender reqaires insurance. Thi�in�urance shall be maintained in t�e amnunts�.z�for the
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