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<br /> 94- 101,�8 ", .'
<br /> _ Toc�E1'F,ER�1TH.0 tbe imao��iw,eow«hereaRuerecteao�t6e a��h'�.da.0 o�e��nt�,.ppurtao+�s�.aa
<br /> futura notiv ar bere�lter a put of the property. All re�►l�cemeata and additioa��hall aYo be co�od by tbL SecuritY
<br /> Inurumeot.All of tLe fore�otu�is rcferred to in thls Security Io�trumaat�the'Propaty.'
<br /> - BORROWEiCOVENAN7 St6u Borraaer is IawfiiUy �et�od of tLe a�te buc.by conveyed�nd bas the�bt tu�rrot aod
<br /> :��� couv�ey tho Propecty rud thN tbo Property i� uneacwmbered�excapt[or eocumbnactsof reoord.Borrowerwuraoh�ud wilf _
<br /> �c:fr.nd gcucr�lly thc titic tu Wu Property�gaiuct aU c1�Ims�ad dcmaad��ubjed to�ay encumbranccs a[record.
<br /> -':�: TIiIS SECURITYINSTRUMENTcomWue�w�Sform coveaanu for a�tioaal tue and noo•w�itorm coveaants witb lia�ited
<br /> � var3ations by jurisdictlon to coastitute a unifwm securlty iiWrumeat coverL�g real property
<br /> UMFORMCOVENANTS.Bonowerand Lendercavewnt aod agreeas fdlo�s: —
<br /> �T�.;j� 1. P�e�t of Prl�elpsl a�i Iatee+eaq Pi+epy�e�t �d Lwte CY�epi. Borrovrer ahall pramWlY PaY wheu duo the
<br /> _ - --�-- priawpal of and"wurest an the debt evidenced by the Note aad�ny prepaymeat aad late charges due uad�r the Note.
<br /> -- - -: _:�__;:;��,,-� 2. Fuads for T�ures �od Iasar�oa.Subject to appiicable law or to a written watver by Lender,Bonowcrshtll paY to —
<br /> - ---�� L,caderon t6c day mootlily payments ue due undcr the Note�until the Note is paid in fuU.a�wn('Ftitnds') for.(a)yeuly Wu�s
<br /> -- — �. .�,:�g:-�= and�««+entswhich may attAin priority over t6ts Security lnatrumeatas a liea oa t6e Propetty;(b)yeacly leaseholdpqaaents
<br /> . F'� or ground rents on the Property,�f any;(c)yearly haz�rdor propertylnsuraacepremiwas;(�l)ycarly tlood iosurance premiums,
<br /> �::�..,..�y, if aay; (e)yearly mongage iosurance premiums�if xny; aad(�aay sums payable by Borrower to Leadtr.in accord�ecewith
<br /> =�•s��; -�;:i,w,�3 ;� the provisions of paragrap68� in lieu of the payment of mortgage inauranoe premiums.These kemc Are ealled'Escrow Itenic.'
<br /> ' '��� � " '��`���`' l.ender may, at any tlme,collect and hold Ftinds ln an a�ount aot to exceed the maxuqum amuuat a kader for a federaUy
<br /> �r`.:._.;..
<br /> � � � �� " related mortgage loan may require for liorrower's esc�ow accouat under the federal Real F.state Setdemeat ProcedwesAd o[ �
<br /> � ? . � • .�•� 1974 as amendedhom time ta time,12 U.S.G Section 2601 et stq. ('RESPA'), unlcss anotherlaw tlwt applies to the Fuads -
<br /> �° � ` �' sets a lesser amouat.If so, L.ender may, at aay time, collect and hold Funds in an runouat not to exceed the lescer au►ount.
<br /> s � Lcndermay estimatethe amount of Funds due on thc bacis of curr�ntdata and reasoaablecstimatrsof expenditure:of future `
<br /> �. • Fscxow Items or otherwi.0 in accordance with applicable law.
<br /> Thc Funds shall be hcld in aa institution whose deposits are insured by a federal ageacy� instrun►entality,or entity
<br /> ' (including L.ender,if Lenderis such an iastitution)or in any FederalHomeLoan Baa1c.Leaders6all apply tLe Funds to pay the
<br /> ' Escxow ltems.Lendermay uot chazge Borrower for 6oldfag and apptyiag the Fuads,anaually analyring the esrrow account,or
<br /> verifying thc Escrow Itcros,ualess Lcader pays Borrowerinterest on thc Funds and applicablc law pecmits L.cadcrto ma{cc such
<br /> a charge.However,Lendermay requireBorrowcrto pay a oue-timcchugc for an iadependeatrealestatetax reportingservice
<br /> used by Lender in connection with this loan, unlcss applic�blc law provides otherwise. Unless an agrecmcnt is made or =
<br /> ----- - - appiicabiefaw requueswterestto be paid,Leadc�ahail aot t�c rCquirrdio par 8urruwCruuy wieirsior��iug�on iha Pundc.
<br /> Borrower and l.ender may agrcc in writing, however,t6�t interest s6all be paid oa tbe Fbads.l.endcr shall give to Bonower, �__
<br /> without charge,an annnal accounting of the Funds� showiag credits aad dcbits to the Fuads and the purposc for wfdch cach
<br /> debit to the Funds was made.The Funds are pledgcd as additional secudry for all sums secured by this Security Instrumeat.
<br /> If the Funds hcld by Leadcr cxcccd the amouaGspermittcdto be held by applicable law, Lender shall accouat to Borrowcr �'-
<br /> � for the excess Funds in accordancewith the requircmentsof ap�licable law. (f the amount of the Funds held by Lendcr at any - -
<br /> time is not sufficieat to pay the Escrow Itemswhen due,Lcndcr may so notify Borrowcr in writing, and,in such case;Borrower �:'
<br /> �, shaU pay to Lender the amount necessary to make up the deficieacy. Bonower shall m�{ce up the de6cieacy in ao more t6an _-
<br /> � twclvc montWy paymcnts,at Lcndcr's sulc discretion. a "
<br /> � � Upon paymcnt in full of all sums sccured by this Security lastrumcnt,Lendcr shaii prompdy refund to Borrower any �=
<br /> �� Li
<br /> i� Funds held by Lcndcr.If, undcr paragraph2l, I.cndcrshall acquirc or sell the Property,l.cnder,prior to the aoquisitioa or sale �
<br /> �l^ of thc Properiy,shall apply any Fuads held by Lcader at t6e time of acquisition or sale as a aedit against the sums secured by
<br /> this Sccurity]nstrument. ���
<br /> 3.Applkatian of Pt�ymentei. Ualess appGcablc law provides othenvise,all payments�eceived by Leader under paragrap6s F
<br /> h� -
<br /> , 1 and 2 shall be applicd:first, to any prcpaymentcharges duc under the Note;second,to amountspayable under paragraph2; t._,,,,.
<br /> � third,to interest due;fourth,to principal due;and last,to any latc chargcs due under the Note. y":•
<br /> , 4. Cha�ges; liens. Borrowcrshall pay all taxcs, assessments,chargcs,fincs und impositions attributablcto thc Property '
<br /> � ' which may attaia priority ovc�this Sccurity lnstrument,and lcaschold paymcnts or ground rents,if any. Bonowcr shaA pay 1
<br /> thesc obligatians in thc manncrprovided in paragrapl�2, or iC not paid in that manner,Borrower sball pay them oa►ime dircctty f
<br /> - � to the person owed paytneat.Borrower shaU promptly furnish to l�ender all noticec of amrn�ntct�he.paid under thi�paragraph. �
<br /> Ilf Borrower makes these payments directly,Bor�ower shall prompdy furnish to L.ender receipts evidencing the payments.
<br /> , - j Borrowershall promptly discharge any lien which h•rs priority over this Security Instrumcntunless Bonower:(a)agrees in
<br /> writing to the paymcnt of the obligation secured by the Gcn in a manneracceptableto Lender;(b)contests in goad faith thc Gen � ,
<br /> � by, or dcfcnds against cnforcemcnt of thc licn in, lcgal procccdings which in thc L.�:ndcr's upinion opc�atc to prcvcnt thc �
<br /> enforcementof thc lien; or(c)xecures from thc holder��f the licn an agreemcntti•rtisfactory to Lender subordinatingthe lien to .
<br /> � � this Sccurity Instrumcnt.If Lcnd�r detcrmincsthat any part af thc Propr:rty is subjcct to a licn which may attain priurity ovcr
<br /> this Sccurity Instrumcnt.Lendcr may givc Borrowcr a nnticc idcntifying thc licn. Borrowcr shall satisfy thc licn or takc onc or
<br /> ,�,. morc of the actions sct forth abovc within 10 days of thc giving of noticc. �
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