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<br /> " ' „ �� ,. f00ETHER WITH all the impmvements now or hereafter erected on the property.und sit et�ementa.nppurtenonce�, [:; �- �.=_
<br /> ' � ��,�� . ';;;;� and tixtu�ea now or heresfter a part af the property. AU replacemen�s and additions shull ulso be cavemd by thls Secudty ��_,�i p__,�_
<br /> � �; • � ' ;; Instruraent.All of the foregoing is referred to in chis Security Inatrument a.g the"Property.° ��___��
<br /> F .: : BARROWER COVENANTS that Borrawcr is IawfuU scised oP thc estate hcreb comc ed und huA the dght ta grant �.. - -
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<br /> � z ond eonvey the Property and that the Pmpecty ia unencumbemd.except far encumbrances af reycord. Borrower werrants and �a�''�`'�-
<br /> .'��. �. ° � will defend generally the dtle to th6 I'roperty agalnst ell ctaims and dempnds,subject to any encumbrunces of record. —
<br /> THIS SECURITY INSTRUMENT combines uniform covennnts for nstiunul use an d non-un t form cov e n a n t s w i t h ti� c� M _ '- —
<br /> ' � � °.,, ' limited varfadons b y jurisdiction to consdtute a unifmm security instrumont covering reul pmpercy. :��-,� :,��,�:a^-
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<br /> `° � UNIFORM COVENAIV'TS. Borrower and l.cnder covenant and agr:e ac follows: . � ---
<br /> ' ' •. ' 1. Payment of Priadpal end Interest;Pe�epuyment and Late Chorges. Bomnwer shall prompsly pay wh�n due the �,r; �, � ;'-
<br /> dnci nl of and interest on the debt evidenced b the Note and an re ayment und late charges due under the Note. ' " ��=� -
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<br /> � 2. �tnda for'i�xes sad Insurauce. Subjett to appiicable!r.w or to a writtea w a iver by L en d e r,B o r r o w e r s h a l l p a y t o _, „�.r :�. ,.,,
<br /> • . � Lenderon the day manthly payments aze due underthe Note,unti�thc Note is puId in full,c►sum("Funds")for.(a)yearly °_. .�.. ��'= _
<br /> taxes and assessments which may attain priority over this Security Insuument as a lien on the Prope�ty:(b)yeariy leasehold „ , ,,
<br /> payments a ground rents on the Property, if any;(c) yearly hazard or property insurance premiums; (d)yearly tlood �._. _�
<br /> '�� ., insurance prem3ums, If any: (e) yearly mortgage insurnnce pmmiums, if uny; and(�any sums payable by Barrower to ,. —
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<br /> Lender,l�accordaace wtth the provisions oF paragraph 8,in lieu oi the payment of mortgage insur+�ance premiums. These " � �`
<br /> .. items are called"Escraw Items." L.ender may.at any time,collect und hold Funds in un tunount not ro exceed the maxlmum • ;=
<br /> ., � amount a lender for a federaily related mortgage loan may require far Borrower's ercrow account under the federal Real :..ca`._
<br /> Estate Settlement Procedures Act of 1974 as amended from dme ta tlme,l2 U.S.C.$2601 et seq.t"RESPA").unless another • � •��
<br /> . ' .___.__.....'._._._____.__. law thut applies to the Funds sets a lesser amount. If so,Lender may,at any timc,callect and hold Funds in an nmount not to M
<br /> � „ � exceed the les�er amount L.ender may esumate thc amount oi bunds due an chc bnsis af curmm daus and rea.+unablC -� _ ,�.
<br /> � esHmates of expenditures of future E.urow Items or ahenvise in uccardance with applicable law. �` �.�..
<br /> The Funds shall be held in an instiwtion whose deposlGe are insumd by a federal agency, instrumentality,or entiry -
<br /> ' tincluding Lender.if Lender is such an institution) or in any Federal 13ame Loan Bank. L.ender shall apply thc Funds to pay • • •°;.
<br /> the Escrow Items. L.ender may not charge Barrower for holding und applying the Funds,annuWly annlyxIng the escrow � ���.�"�;_._
<br /> account, or verifying the Escrow Items, unless Lender pays Bocrower interest on the Funds sind applicable law permits ;.�:.�_:
<br /> � Lender to make such a charge. However,l.ender may mquirc Borrawer to puy u one-time churgc for an independent real „ �• ,.
<br /> estate tax reportin�service used by Lender in connection with this loan,unless applicable luw provides otherwise. Unless an • ��,. �
<br /> agreement is made or ppplicable la�v requires inu:rest to be puid,L.cnder shall nat bc required to pay Borrower any interest or �•"�~!—
<br /> camings on the Funds. Borrowcr and Lender may ugrcc in writin�,however,that interest shull bc pnid on the Funds. Lender ,.
<br /> shall give ta Borrower,without charge,an annual aaounting af the Funds,showing cmdits and debits to the Funds und the ;._ .
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<br /> , __, purpose for which euch debit to the F�►nds was made. The Funds are pledged as additianul security for ull sums ucured b
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<br /> this Sccurity Instrument. �� -
<br /> if thc Funds hc]d by Lendcr excced thc amaunts permitted to bc hcid by applicuble law. Lcnder shall account to � ,,-
<br /> . Borrower for the excess Fundx in accordance with the requ�rements af applicable law. If the amount of the Funds held by " N �
<br /> � Lender at any time is not sufficient to pay the Escrow Items when due,Lender may so notify Borrower in writing,and,in •�
<br /> such cnse Borrower shall pAy to Lender the umaunt necessary to make up the deftciency. Borrower xhall make up the , . ��
<br /> � deficiency in no more than twclve monthly payment�,at I.ender's xole discrction.
<br /> Upon payment in full of all sums xecured by this Security Instniment,Lender shull prompdy refund to Borrower any °
<br /> � Funds held by I.ender. If,under paragraph 21,Lender shall acquire or sell the Property, I.ender,prior to the ucquisition ar /
<br /> , sale of the Property, �hall upply any Funds held hy Lendcr at thc timc of ucquisition or�nle as a credit ugainst the sums ; ;•,
<br /> secured by this Security Insuument. '".
<br /> 3. AppNcation of PaymenGc. Unless applicable law provides otherwixe, nll ptiyments n:ceived by I.ender under ` �,�
<br /> ' paragraphs I and 2 shall be upplied;firtit,to any prepayment chargeti due under the Note:second,to amounts payable under : '����
<br /> � paragraph 2;third,to interest due;founh,to principal due;and lu.tit,to any late charges due under the Note. : �
<br /> 4. Cherges; Liens. Borrower shall pay all taxes, ascetitiments, chargc�, finey and impositions attributable to the ��=
<br /> Property which may attain priurity mcr thic Security Imtrumcnt,and Icusehold puyment.or ground rcnts,if any. Borrowcr >�� ��'� i
<br /> shnll pay these obligations in the munncr providcd in paragraph 2,or if not paid m that munner,Borrower�halt pay them vn �
<br /> time dimcfly to thr per��m�wcd pxyment. A�rtower shs�ll prompdv furnitih to Lcndcr all notire,of amounts to be puid under ' „ ,
<br /> this paragraph. If Borrower makes the�e payments directly, Borrowcr shalt pramptly furnish to Lcndcr mceipts evidenc►ng T�
<br /> thc pnyments. � .'�
<br /> � Borrower shall pmmptly discharge any I ien which hati priority over thi�Securiry Intitrumcnt unlcss Borrower:(a)agrces �--*
<br /> in writin�to the payment of the abligation secured by the licn in a manner acccptahle tci Lcndcr;(b)contests in gaod faith thc � ;
<br /> lien by,ar defends nguinst enforeement of the licn in,Iegal prcxeedingti which in thc L.ender�opinion operate to prevent the �
<br /> enforcement of the lien;or(c)securex from the hcilder af thc licn an agrcement.atisfactory to Lender subordinating the lien
<br /> to this Security insvument. If Lender detertnines that any p;ut of the Propeny i�subject to u licn which may attain priority .
<br /> over this Security Intitrument,Lendcr may givc Bonowcr a notice identifying thc licn. Borrowcr.hall satisfy the lien or take
<br /> one or more of the actions set forth above within 10 da�•ti of the giving of rn�ticc.
<br /> S. Haznrd or Pruperty lnsurance. Borrowcr shall kecr the improvement�now exi�ting or henafter erccted on the �
<br /> Property insured agninst loss by fire,hazards included within the term"extendcd co�•eraFe"and any other h:�ardti,induding +
<br /> floods or flooding,for which Lcnder reyuircti intiurance. This in.uruncc shall hc maintuined in thr umc�untc and for the
<br /> . Form t028 9I90 r�uR�z.,/4 p�kr.�i i
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