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<br /> . . . ?OQE'I'E�R WITH aIl tfie imp�ovem�ts mw or heirafler�erarcd on the propeity.u�Q{�l!qsemaits.appuitanance� . _ �, �
<br /> aod fudmes uow ar hereafter a put of the p�opetty. All repl�cxinaits and ad�iGons shall atca be coveaied by this Security
<br /> � Iauntmeat.All of the fongoing is aefec�ed to in thjs Sccurity lnsaumnt as the"Ptopnty." . . '
<br /> ' ` � BORROWER LUVENANTS tiwt�orrowac is lawti�lly seisod of,tbe est�te he�eby coaveyed and h�s the`right to gra�t• .
<br /> aod oonvty dx N�perty�ed tl�at the Pm�pe�ty is oqeusumbe�ed.excxpt for tacamb�to�s of record. Barawer wanants and - ,.
<br /> wil!defead genaally tt�e 6tk w tLe Pmperty against aU ctaims and demand.�.svbject W any encumbraixoes of tocad.
<br /> � � 1HiS SFCl3R1TY INSIRUI1�Nf comtiu�es unifor�n wvenants for aaticx�al use and non-uniform cava�ants with ` .
<br /> - - - . • limited vas�aat by}uiisdisrian toconsii�Le a wsiform securily usmummt coverin8��P�Y- - , • ` • --
<br /> . .- IJNIPORM COVENAN'!'S. Bamwa aal Le�der caveoant and agtx as foUows:
<br /> - L A��ae�t d Pai�cip�tl sud Ltenst;Preptpaiet�t s�d Late CMar�es. Botmwer s1�aU P�'�P�Y PaY wl�due the
<br /> _ priacip�l af and inte�est on the debt evidenced by the Note and anY P'�PaY��and late charges due under the Note. �
<br /> 2, I�l��dt far 7l�es a�d Ias�ra� Subjat tn applicable law or m a wnt6ea waiver b�Lender.Bo�ower sh�ll pay te �
<br /> I�endet on thc day moadily payments ane due imder the Nate,unp'1 the Note is paid in full,a sum('Tvnds 7 for.(a)Yearly -
<br /> ' taxes and acse�ts which may asain priority rner this Savrity Insormnent as a hen oa the Proper[y;(b)Yearly I�asehold --
<br /> paymems or gmund n�u oa t1�e Pmperty. if any; (c) Ye�r1Y har�rd or pmperty insurance pemiums: {d) yearly fiood ,
<br /> iasura�e premiums.if anY• le)yearly mortgage insurance premiwns.if any:and(�any sums payable by Bormwer w • -
<br /> I.endei;in accbntarxe with t,'ye provisiaus of paragraph 8.in Gea af ihe paysnent of martgage i�urance prem�ums: Tir�ce = _- _
<br /> items ace called"Escraw Items." I.ender may.at any time:colletc and fatd Rmds in an amouat not to exceed the maximum __--_--
<br /> aawunt a tender for a federally retated mortgage loan may require far Bbimwer's escrow accou�t onder the federal Real --- _-_---
<br />-- . Esta�e ScuTea�ent Procedu�es Act of 1974 as amer�d fran time to time,l2 U:S.0§2601 er seq.�("RESPA"),unless another —�-�'-�,;�s�;;--
<br />_ law thatapplies to tbe Fvndc sets a lesser amount [f so;Lender may.at�uy tiaie.colloct aad hold Funds in aa amount not w �:�,
<br /> —_— � exc�ed cde lesser amounG Lender p�ay estimate tbe amouat of Nmdc due an the basis of carrent data an�d reasonahle -���'
<br /> -- . esamates+3f espenditarcs of fawre Esc�aw Items or wheiwise in ac�ordance with applicable t�w. ' ?`�`'''
<br /> - 1bc A�nds shall be heTd in an institution whose deposit�arc in�urod by a federal agency.insaumentality,or entity ��
<br />- (including La�der,if Ixnder is sncti an iRStitution)ur sn any Federal Home l.oan Bank. I�ender shall appiy the Funds w pay : �- _
<br /> tl�e Fsecow Items. Lender may not charge Boirower for 6otding and aPPlying tl�e Funds,annually analyzing the escrow `� ;:_�:'.,=
<br />-- � acooun�oc verifying fhe Escrow Items,uniess Lender pays Sorrower interest on t1�e Funds and applicable law permits � �:~._�;;-."-=__
<br /> � • I.a�der to ma)ce sueh a e. However,L.ender msr ttue Borrower to a one-iime c e far an ffid dent real • •7�' ��"
<br /> ���.�� �8 Y re'4 PaY ►�S � ,• � `: ,.,�._
<br /> estate ta�c reporting service used by Lender in connecdon with t6is�oan,unless applicabte law pravides otherwise. Unless an
<br /> "'F� agcoement is made ar applicable taw requires interest to be paid,l.ender shall not be required anpay Borrowe"r any Incerest or ."''"'"' �;y.•
<br /> 'q' ��'� eamings on tl�e Funds. Borrowec and Lender may agree in wriris�g,however.that interest shall fi�paid op the Funds.'Lender ' . ` .;�;-,}�'"F�
<br /> shall give to Bom�wer.without charge.an annual accounang of the Funds.showing credits�f•debiu to the Funds and the ,°���.-.
<br /> � ���._.�•�•�: pwpose for wluch each debit to the Funds was made. The Funds are ptedged as additional seciuity for all sums secured by �`='
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<br /> :�r�F-.:::,:�- •�... �this Securiry Instrumeni.
<br /> - If�the Funds held by l.ender exceed the amounu permitted to be hetd by applicabte taw.Lender shait accoum ta �.--.� ;�,' �� �:.
<br /> Bor�ower for atie excess Funds in accordance with the requirements of applicable taw. If the amount of the Funds heW 6y • %r '
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<br /> ''..��,�= ,�, l.eader ac any time is not su�cient to pay the Escrow Items when due.Lender may so nodfy Bomower in writing.ac��,cn , ._
<br /> �� such�8orrower shall pay to Lender the amount necessa►y to make up the deficiency. Borrower shall make�ip the
<br /> �?' d e fi c i e n e y i n n o m o r e t b a n t w e t v e m o n t h t y p a y m e n t s.a t L e n d e r's s o t e d i s c r e t i a s a
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<br /> :'��''`�'`="�:;',` . ' ilpon payment in fu#1 of all sums secured bv tt�s Securiry Insm�menti L¢n�er shall promptly refund ta Borrower any �
<br /> �`Q'x1`'" � 'PPlinds t►etd b y Lendet. If,under p�a g a ph 21,L.ender shall acquire or se l l t he P r operty,L en der,priar to t he acquisition or � ^,,`'
<br /> �'�.:'° ' • sale of the Property.shall appty any Cuads hetd by Lender at the time of acquisition or sade as a credit against the sums � '' '���
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<br /> sectuEdb thisSecuri Inswmen� � , � ..�,.;�`;•.,
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<br /> .. 3. Application ot Pliymenfs. Unless applirabte law provides otherwise. al! payments mceived by Lender under �;..:.: ,;'�,,,�'..
<br /> ,�� '�` • - ' •° paragraphs 1 and 2 shall be applied:firs�to any prepayment charges due under the Note:second,to amounts payable under �• . ;
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<br /> "'�<� paragraph 2;third,to interest due:founh.to principal due:and last,to any late charges due under the Note. ��•.:.._�„ �
<br /> .>=`�.�l�` "�• 4. C6arges;Liens. Borrower shall pay all taxes,assessments,charges. fines and impositions ataibutable to the `�'?;;,'.;;,.��. .;,,�;:•,
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<br /> -'���•ti,�.;',:�.�;�..� P�uperty wlnch may attain priority over this Seturity instrumen�and leasehold payments or ground rents.if any. Borrower T � ,.:�:�.Y:;e�
<br /> r � shall pay these obligations in the manner provided in paragraph 2,or if not paid in that manner,Borrower shall pay them on �f;:
<br /> ���'��"� ''��: time directty to the person owed paymen� Borrower shatl prompdy fumish to Lcnder all notices of amounts to be paid under �--� -. -`„��- •
<br /> '`"� �'��� '� "'''"" this h. If Borrower makes these a ments directi ,Borrower shall r�:n tl fumish to Lender recei ts evidencin
<br /> '•.f�,f:•�_, P��P p Y Y R P Y P S -: , .. ...
<br /> =;;#,.Y..�.:. - the payments- i� ..� . . •,��
<br /> , �,, .�•� ..,`, ;� Bonower shall prompdy discharge any lien which has prioriry over this Security Insw�ent unless Borrower.ta)agrees �
<br />, �,:,�,,;.�;�;`�t;.:� in wriAng.ro the payment of the obligation secured by the lien ia a manner acceptable to Lend��;�6}contests in gaod faith the f . �
<br /> ' �::: ��.��r�• lien by,or defends against enforcement of ihe lien io,legal proceedings which in the Lender's apinion operare to prevent the i
<br /> �-J�_�'._` enforcement of the iien;or(c)secures from the holder of the lien an agreement satisfactary ta Lender subordinating the lien ` .
<br /> = -- ���- '� ' tn this Security lnstrument. If Lender detertnines�hae any Qan of the Property is subject.to a lien which'is¢ay attain priodty I � � �• ��-
<br /> , `�-,ir,;:=:; ov�r this Sectuiry Instrument,Lender may give Bomower a notice identiiying the lien. Borrower shall satisfy the lien or take • � : ' ,��.'
<br /> ""v_;• ', one oi more of the actions set foAh above within 10 days of the giving of notice. � , ,
<br /> �' �� `' S. Ha�ard or Property Insurance. Borrower shall keep the improvements now existing or hereafter erectcA on the � �
<br /> - ' k �' N�operty insured against loss by f re.hazatds inciuded within the term"extended coverage"and any other hazards.including . �-�-� � -
<br /> �'.�%`y� ' �;,,'`, tTood�os t�ooding,for which Lender requires insurance. This insurance shall be maintained in the amounts and for the r.� :� _._
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