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<br /> ,:-�Yr_�Ri� TOS3�THB4t WITH all the improvement�now ar hereufter erected on�e�ropeny.and ull easements.appurtens:�ces,und �' ___ __ __ _
<br /> -' flxturcx now ur h�reAfter a part af the property. All replucementa and udditlons ehaU alsu be cavered by thiR Securtty
<br /> Instrument.Atl of the faregoing fa rcferred to in tMs Secudty instrumcn►ua tiie"Pruperty." �__-- --------
<br /> ---.— BQRROWER COV�NANTS that Barrowe�is luwfully r,eiscii nf the estate hereby conveycd and hus the right ta grunt nttd
<br /> � �°-�-°��� canvey the Praperty and that tho Propecty i� unencumbercd. except for encumbmnces af recard. 9unawer wnrrantx und wtll
<br /> _ defend genernlly the title to the Property against ull claims and dem�nde,Fubject to any encumbrnnces of cec��M. � _
<br /> �44'$�!'_ THiS SECURITY INSTRUMENT cumbines uniform cavenantw far natianal use und nan•uniform cavenunts with Itmited —
<br /> ! • ' vurfations by Jurl�ulictian to constitute a unifarm Fecurity instrument covering real propeny. G °-
<br />-�' UNIFORM COVENANrS. Barnower und l.ende�cavenfant und ugree as fo{lows:
<br /> � •'" 1. Payment ot Prtncipul und Interestt P►r�pnyment and I.nte Charges. Barrawer shall pramptly puy when duc the �_
<br /> ' �� % ...;:�_• principal of and interest on the debt evidenced by the Note und uny prcpuyment and late char�es due under the Note. _
<br /> ` ._G• i^y;;�:';,F`«_" 2. Fund.g fa�Taxes and Insurance. Subject ta applicuble luw or ta u w�itten wuiver by L.ender. Bc►rrowe�shall pny to �r_
<br /> ' ��'����,; Lender on the day monthly pnyments are due undcr the Natc,until thc Notc is paid in fuli,a sum("Fands">far:(a)ycurly tu�ces �.
<br /> � '�"''Y�- .�+•�,�, and assessments whtch may Attain prfodty aver this Security lnstrument us a 1 ien an the Property;(b)yearly leASChoid pstyments r"-------` - _
<br /> �''�'--'����'°'�'"'=''' or round mnts an the Pra rt ,if an ;(c)yearl hazurd or m insurunce mmlums;(d)yearl flcx�d intiurance remiums. �-
<br /> sc�ll! ::.'. ;:� 8 P� Y Y Y p P P�nY P Y P ��--=-t=---
<br /> `�' ' �i if any; (e)yeurly mortgage insurance ptemiums, if uny; and (f� any sums payable by Borrower to Lender. in accardunce w[tl� _-
<br /> i #�y���� •��� ;'� � the provisions of paragraph S,in lieu of the payment af martguge insumnce pmmiums. These items ure called "8scrow Items." —_-�_�_
<br /> � �'� ' � Ixnder may, at any time, collect and hold Funds in un umount not to excecxi thc mnximum umaunt u lender fnr u federaliy �"-�
<br /> . "'�'�-
<br /> '+� ,•� related mortgagc laan may require far Borrawer's eurow uccount undcr the federal Reul Estate Setdement Procedures Act of , ��""�
<br /> ,�,,�
<br /> " - 1974 as amended fmm time to timc. 12 U.S.C. Section 260I et seq. ('RFSPA"), unless enother Iaw that upplics to the Furtds _ `+'�:"
<br /> -:�.,., :-
<br /> _ � " ce�a a le.cser am�unt. If r,o. i.ender may. at nny time, collect aad t�old Funds in un amaunt nat ta exceed the lesser amount. �-
<br /> x J. �� ' „ L.ender may estimate the amount of Funds due an the basis of current dstta and reasonable cstimutcs of expenditures ot tuture -^-�� �� -- - - -
<br /> 'y Escrow Items or atherwtse in nccardance with upplicAble luw. -V __.
<br /> The Funds shall be hetd in an institution whosc deposits ure in+ured by a federnt agcncy, instrumentulity, or cntity _
<br /> �� (induding Lendcr,if I.ender is such an institutlon)or in uny Fe�icral Home Laan Bank. L.ender+hull apply the Funds to pay the ;•�.�._
<br /> Escrow Items. L.ender muy not charge Barrower for holding and applying the Funds,annuully unalyzing the escrow account, or ° _'�'
<br /> "' . � verifying the Escraw(tems, unless l.ender puys Bonower interest on the Funds und applicable law permits[.ender to make such { • ' _
<br /> � " a chur�e. However. Lcndcr may rcquirc Borrowcr to pay u one-time chargc for nn independcnt res�l cctatc tax mporting scrvi�r `"�
<br /> �• used by L.ender in connection with this laan, unless applicable luw pmvides otherwise. Unletis an agreement is made or
<br /> � upplicable law requerex interest to be paid, I.ender shall nat be required to pay Borrower any interest or earnings on the Fundx. �
<br /> ' ' •... .,.
<br /> _ ._ •_., Borrowcr and Lender may aFree in writing,howevcr, thnt interest shull bc paid on the Funds. Lendcr shull give to Bormwer. , '
<br /> : . : _
<br /> , „ without chnrge, an unnuul accounting of the Funds, showing credits and debits to the Funds und the purpo+e fe�r which euch
<br /> � debit to the Funds was niade.The Funds are ptedged as udditionnl serurity fi�r all sumti secured by thi�Security Instrument.
<br /> ,� If the Funds heid by Lender exceed the umounts permitteJ to he held hy i�pplicable luw, Lender xhull acrount t�i Borrower
<br /> • for the excess Funds in uccordancc with the requirements of applicuhle luw. If the umount of the Funds hcld by LenJcr ut any , •
<br /> time is not sufficlent to pay the Escrow Items whcn due, Lender may su natify Harrower in writing,und,in such casr Borrower '�
<br /> ' �-:'' ° shnll puy tii[.euder the umount necessury to makc up the deficicnc�•. Bnrro�ver shall ntuke up the defirienr.y in n��mnre thun _ . _
<br /> twclve monthty payments,ut Lender's soly discretion. �� '` ,j''
<br /> •� Upon puyment in full of ull tiums xrcurcd by thiti Srrurity Instrumcnt. [.cnder �hull prompUy refunJ to Borr�►wer uny , �•,,;
<br /> • Fundc hcld by Lcnder.If,undcr purugraph?1. Lendcr shall ucquire c�r scll thc Pmperty. Lendcr,prior to the ucyuitiitinn i�r sule .. ,,s'!�r
<br /> • of thc Property,shull apply uny Funds hcid by Lcndcr ut thc timc of acyui�it ion or wlc as u crcdit uguimt thc sums securcd by ,;: s
<br /> � this Scrurity Instrument. ' �
<br /> 3.A licatfo»of Pa ments.Unlcti�u licublc law rovidc+c�thcrwiu. ull ,► mcnt.nrcivrd b�[.cndc;under ara�ru h� �''���
<br /> pp Y pP P P'Y > P' b P •,, � .�
<br /> 1 and 2 shull be upplicd: firrt,to�+ny prcpaymcm rharge.duc unJer Qie Notc; .eremJ, to amount.puyahlc undcr parugraph 2: y��. �
<br /> thirci,to intcrest due;fourth,to prinrip;�l Jue:unJ lutit,t��uny lutc chargeti duc undcr thc Notr. � . �
<br /> , 4.Char��;1.lenc. &irmwrr tihaU puy ull tuxr�. u..e„mrnt., charge., lin�. anJ imEx�.iti��m�ttributuhlc to the Property , ' lt
<br /> � �. whirh muy attuin prioriry ovcr th�+ ticcuruy lmtrununt. and leu,ch�dd puynmrn. �u gruund rem+, it uny. Borruwcr �i�uli puy t _-- "..'=�,;
<br /> ' ..' �,..';. . the+e obligationti in tbe munncr proviJcd in purugrurh 3.ur if not paid in that roannrr. W�rro�ver�liall pay thcm un time Jirrrtly ,+ ' -
<br /> to thc rson owcd a mcnt. Burruwrr.h:�ll rom tl 1'urni.h 1��Lendcr all nutirc. ��f anu�unt.t��hc aid undcr this uru ru h. I � `
<br /> pe p�y P p Y P' P F P
<br /> If&�rro���er n�ukc,thctic paymcnta dirccUy. Burrn��•cr�Imll pr�nnpt ly (urni.h tu I.cn dcr rcrcipt�cvi drnring t he paytnentti. , �•� '�'L
<br /> Borrowcr�hull prumptly dischurgc uny licn a•hirh ha.pri�ttity��vcr thi. tierurity In.trum�nt unlr��Dorr�nvrr: (al u�rccs in , •� ,� Z
<br /> .. writing a�thr puym�nt ot'thc i�b{igutiun>ccurcd h�� thc licn in a manner arcrpt.�hir tu LrnJcr:�h1 c��ntc.t+in�!�xxi 1'uith thc licn • �
<br /> by. ��r dcfcnd, ugainst entbrrcmrnt ��f Qu lirn in. Irgal prcxccJing• whirh in thc L.cndcr'. upini�m aper.ur tu prcvrnt thc '
<br /> .. cnfc>rcemrnt��f thr licn: ar ccl+rrurcti from thr h��l�lcr ot'thr lirn:in agrecmrnt tiatitil'artuq ta Lrnd�r�uMirdinating thr licn to ( '�
<br /> thi+Security In.trument. If IAnder dctcrmine.that .�n}• p:irt ��I tlie Pnry�crty i,,uhject tu a lien uhirh ma� attuin priurity uvrr .
<br /> � this Serurity[n�trumcnt. IAndcr may gicc &rrro��cr a nutirr iJrntit'yin� th� lien. fiurr�,��rr.hall .ati+f�•thr licn ur takr unc or �
<br /> mcirc of thc urtiun. �ci tiirth ahuvr aitBin Ill da��.ut�thc�!i��in�;��t nc�ticc. `
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