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<br /> � TOCiETHER WITH dl the improvementx nciw or hercafter erectal on the pmpcny,ynd ull M!lmo���eY,�rl
<br /> --- — Gxturer nnw or here�►fter u pxrt of the property. All reNlacements iuxl acWitions shull alu► tx� coveral by thi► Securlty
<br /> -_- � fistram�,-nt.Alt af thc farcgaing f.r•rcfcrru!tu in thlti Sccurity Instrumcnt as thc '1'rapeny." _-
<br /> HORROW�R COVBNANTS that&irrawer i+�lawfully seibed of tho cstwte hcreMy amveyed�f hus thc right to gr�nt�nd
<br /> ����+�����■ convey the Property�nd th�t the ProFxrty is un+:��cumberal,exceM for encumhrances of rerorJ. &�rrowrr w�r�ntb wnd wlll
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<br /> defend�cncrully the titic ta thc Property aguintit ull rluimr u�xl demund►, subject to uny ctxumbrrtxc�of r�xord.
<br /> THTS SECURITY INSTRUMENT rumhiik+unifonn covcnums for nationul uhc und non•unifom� covcnants with limital
<br /> . • • variadons by jurisdiction to rnmtiwtc u unifc�rni�ecuriry in.rtrument ciwcring rr�l prupcny.
<br /> . v..��-+:--���-� -�:�.+ UNIN(1kM('l1VENANI'S. &>rn>wrrund Lri�lrrcovciu��n uuJ ugrcr u.P�,Itnw.. �-
<br /> ���'�r�:�, 1. Pnyment of Prfncipw) pnd intera�/; Prepwymcnt and l.xte Ctwry�e9. Borrowcr shuli prompdy puy whcn due the
<br /> -� � '�'"'`� ` dnci •I of:uxl intcrest on thc dcbt evidencod b thc Ncxc and un rc ,► nKnt and latc rhur��.duc undcr thc Nntc.
<br /> :��� ' P P� Y Y P P'Y 6'• -
<br /> `"''�- � � � 2. Fundr for Tpxes and Insurance. �ub ect to a lirablc law ar to a w�ittcn wuivcr h l.cndcr. &�rruwcr shull a to
<br /> s�.�ic��r;,';���'� 1 PP Y P'Y
<br /> __.': 'c'.„n,.•.,:.: .,n.• ' Lcndcr on thc dvy monthly paymentr urc duc undcr thc Note,until thc Notc i�puid in full,u sum("Fwxl,")fnr.(a)yc:uly texca
<br /> '�'. '�'."'"• �' and assessments which may attain priority aver thiti Secunty Instrunxnt u+u lien on the Propeny:tbl yearly le�+ehold payments
<br /> -�;y�,,,,,�p..,.,- . . .. t or grauncl rents on the Pru�xrty. if any:lc1 ywrly hur.�rcl ur prciperty in.uruixr prcmiwnr:(J)ywely Q�KxI insur•rnce premiums. �
<br /> �_����.;� ; =: if any: (e)yeady mortguge insurance premiums, if any;and(f► any rums puyuble by Burrawer to l.auicr, in •rcc��rdunce with
<br /> ���'• � the provisions of purrgraph 8,in licu of the pnymcnt of nx�rtgaFe insura�ce premiumti.The�r items urc called "Eurow Items."
<br /> " � Lender may, at nny timc, collcct arxi hold Fundti in an amount not to excceci thc maximum :imount s► lendcr titt a fcdcraUy
<br /> it y �''•� ' '2� —
<br /> ,.1 ,�irv�'�;�p:�•:.,:5�t+�: related mangage loan may rcuuirc for&irrower'x eurv�w• acc�►unt undcr the fi�leral Real F.tit��te Sealemcnt Pax•�durr,Art of
<br />_ �,,.Y�" ' � 1974 as nmended from timc to tin�c, 12 U.S.C. Secticm 2601 e�sry. ("RESPA"), unit�s an��thrr law thut applicti tu tfu Funds �
<br /> t" �, 1,' '"� sets a lesser amount. lf u►, LeRder mny, at vny time,collect and hnld Fundti in un amuunt not to exceeJ the Iesser anwunt. __
<br /> ; ��` I.ender may estimatc thc umount of FunJti due on thc husis of current datu and nau�nabfe estimatcs of expendiwrcw nf future "__�;
<br /> . � . �� Esrraw Items ar othcrwisc in accorduncc with applicablc law. —
<br />, ' The Funds shall bc held in •rn imtitutin�� whotic dcposits are insured hy a fcJrral agcncy, intitrumcntaliry, c�r entity �'�
<br /> , _ � (including Lender,if Lw:nder iti such an institution)or in any Federal Home l.c►un B:�nk.I.ender�hull upply tho Fund�a�pay thc =-
<br /> Escrow Items.l.ender may not charge Bc�rrower Tor h��lding and upplyin�t the Fundz,unnually anuly�ing Uie eticrow arcount,or
<br /> ' ., verifying the Bscrow Itemti, unlesti Lendcr puys&��ruwer interest an the Funds aiui applicable I:�w permits(.e►uier ro mukc ruch �'�
<br /> a char e. However,Lender n�a rc uirc&�rrowcr ta a a one-timc chur c for an indc nJent rcal c�tatc tux ro ortin ticrvicc �`'-
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<br /> uccd by Lendcr in connection with this loun, unless upplicublc luw provides othenvisc. Unlc�t un agrcement i� maJc or
<br />- - , applicuble law requires interest to bc paid, I.ender shall not be reyuircd to pay Bnrruwer uny intcre�t or carnings on the Fundti. �_
<br />. . � Bc�rrowcr und l.ender may:�gmc in writing, howevcr, that intcrest shall tx:paid on the Funds. Lendcr shall givc to Borcowcr,
<br /> � � withcwt charge, an annual uccounting af thc Funds, shawing crcdits •rnd debits tn thc FunJti anci thc purpuu for which cach
<br /> -- - -- -- debit to the Fundc wati rriude.The Funds are plcdgcd us additional tiecurity f'ar atl sums.ecured by this Security Imtrument. -
<br /> , . lf the Funds held by[.ender exceed the umount� permitted to tx�held by applicahk law. I.ender shall arcount to&irrower -
<br />. for the excess Funds in uccordunce with the rcquircments of a�plicsbtc law. If the amuunt of the Fu►ui, hcld My LrnJcr at any ---
<br /> time is not sufficient to pay the Ercrow[tams when due.Lender may so notify Borrower in writing, and. in surh ru�c Burrower
<br /> . shall pay to Lender the amount nece,�ury to muke up the defiriency. Barrower shull muke up the defiricncy in no more than =-
<br /> . . � twelve monthly paymcnts,at Lcncicr's u�lc dixretion.
<br /> Upon payment in full of all tiunn tierurcd by thiy Security Intitrununt. L,ender�hall promptly rrfund to &rrrou•er un�� _
<br /> ' Funds hcld by Lcndcr. If.undcr parugruph 21,l.cndrr yhall acquir�c�r.rll thc Prop�:rty. l.cndcr,prior to thr ucqui�ition or sale —
<br /> � R• of the Property,shnll upply uny Funds held by i..endc�ut ihe time of acyuisition or tiale a.u crcwtit aguinst the sum�secured by
<br /> �'�' , ' this Sccuriry Instrunknt. _-
<br /> 3.A lication ot Puyments.Unlesti a lirahlc law roeidr.uthcrwi�e,all r mentti reccivcd b�[.c�xier under rra r�ihs '�����
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<br /> . ;,..•_:... ._ 1 und 2 shall bc applicd:ftrst, to any prcpaymcnt charge�duc undcr thc Notc: scr�md,t��umounts payublc undcr purugraph 2; :�•
<br /> third,to intcrest duc:tiiurth,to principul duc:and latit,tn uny latc rhargr�Juc wxlcr thc Notc. �`
<br /> ' • 4.Cltpr'ges; I.iens.Borrower.rhall p•ry �II taxr�,assr,mirnt+, churge,, tn�c.and impcnitiunti attrihutublc ti�thc Prupcny '--
<br /> i '
<br /> 1 which may attain prioriry�wcr thi� Sccuriry In+trumrnt, and Ica.ch��ld paymcnt.��r gr��und rent., if uny. &mowcr shaU pay —
<br /> +��' . � these obligatiuns in the munner provided in p�ragr.iph 2.��r if ran paid in that manncr. &�rr��wrr�hull pay thrn�on timc directly
<br /> f , to the peru�n owed payment. &�rrower,hall prumpQy fumish tu Lcnder all ncitice�of amcwnt,to tx�paid under this paragraph.
<br /> If Borrowcr nukcs thc.c psymeniti dircrtly.H��rmarr,hall promptly furni.h t�� LAnJcr rcrcipt,r�•idctxing thc p•rpmcnt,.
<br /> � � . _,�' Borcowcrshull pmmptly di�rhargc nny licn which ha�priority u�•�r 1hi+Scrurity Imtrumcnt unlr.ti&irr<�wcr.ta1 a�rcc�in
<br /> writing to thc paynxnt of thc obligatiun�rcurcJ by thr lirn in a manncr arreptahlc tu Lcndrr,(M1 rontc�ta in g«xl fuith thc licn --
<br /> '��1� " � by. or defrnds again,t cnfcircement ut'thr licn in. Ir�al pr�kecding. a•hich in thr Lendrr'� opiniu�i operate tu prevent tfx • .
<br /> �� �' enforcement of the licn;�ir tc)�crurc.from the hulJrr uf thr�icn an agrrenknt wti,f'urtur� t��I.cnJcr.ulx�rdinating thc licn t�>
<br />�� " �: . this Security Imtrunxnt. If l.ender Jetcrminr�thut any part ol'thc Pru�xrty i� whjrrt to u lirn w�hirh may attuin pri��riry over �-
<br />—� � this Securiry Incwment,Lendcr may givc Bc�rrowcr a nntirc iJrntifving thr licn. B��rrua�cr�hall �ati.fy thc licn or takc one or --
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<br /> • mom of the actions set forth above within 10 dayti af the giving<�i nutice. =
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