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<br /> - .�. .._�.�:�..,� _ �,02469
<br /> -- ,�;ti..��,A•� TOGETHBR WITN uil the impmvements now or henesifter erecter!on the prap�y�and all easementa,appurtenances.and `_____ _
<br /> � +�:+'•r�°�•-, ftxtures now or hereafter n pun of the praperty. AQ replacetnentE and add{tions shall ulso be covered by thiti Security �,;:.- — •�-r--
<br /> :=.��ec:rc�r�:: lnstrument.All af tho foregoing is referred to in this Security Instrumcnt us the"Praperty." �':"_ • �����;='�•�
<br /> .�,k,:r . Y Y S s �,,;.}�_��_ -
<br /> - � BQRROW�R COVENANTS that Borrowcr is lawfully seined of tiie esWte hereb canve �i aeid has the rf ht ta atnt and � ' �;'�-�_ —
<br /> . . ,';r,c� canvey the PrapeKy und that the Property is u�encumbered, except for encumbrances of record. Aarrawer warrants and will �===.iF ---
<br /> • •�-�..�,,:� � defend genemUy the tttle to the Property ugainst all cisims and dernands.subject ro nny encumbrances nf record. � •�: .•.•,.. _
<br /> ��,�.u;s_.�
<br /> . �°�,� 'fHIS SECURITY INSTRUMENT combines unifarm cavenants Por nationul use and nan-uniform covenant�;with Rmited ��._'°_ �
<br /> . veriatinns by Jurlsdicti�n to constltute a uniform sccurity instrument coverinb reni property. �'�''`°'°���'��--�;�--
<br /> '; � ,+��y } ;��h� UNIFORM COVENANTS. Borrower and i.ender covenant und ugree as faHows: : .�
<br /> � ,. . ._.:y l. Payment ot Principal and Interest; Prepayment and Late Churges. Borrawer shall promptly gay whcn duc the `i�Y�� ` ___
<br /> � . '•. .s,.; rinct ul of und interest on the debt cvidenced by thc Nate and any prepayment and late charges due under thc Note. ;��'��''"' ----
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<br /> , 3.�, ••.. • � . P P , �. .
<br />• � 2. Funds for Taxes and Insuranee. Subject to applicable luw ar to a written wuiver by Lender, 8orrower shall pay ta . ��.�,,{;.t.=;.--�
<br /> •`,+`�' �� ' . • l.ender on the day manthly payments are due under the Notc,unti l thc Note is paid in full,a sum("Funds")for:(a)ycarly taxes .
<br /> �'`' ' . and atisessments which may uttsin pr�ortty aver thts Security Instrument a.c a lien an the Property;(b)yearly tea,ehold payments '���"`-
<br /> :�..�r. °. or ground rents an the Property,if nny;(c)yeurly hazard ar property insurance premiums;(d)yeariy 11uud insurunce premiums. . ;r,�': - -
<br /> ' if uny;(e)yearly mart�age insurancc premiums,if uny;and(fl uny sums payAble by Borrower to Lender, in accordance with X��.'',�=_-�,
<br /> � �� � � the pravisians af paragraph 8, in lieu of the payment of moRguge insurance prcmiums. Thexe items ure culled 'Escrow items." , . '''*=�:::�.
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<br /> � L.ender may, at nny time. rullect and hold Funds in an umount not to excced the maximum nmount a lender fur a federnl�y -�_$
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<br /> � ,, ' releted mortgage laan may requtre far Borrower's escraw nccaunt undcr the federul Reul Estute Setdement Pracedures Act of � ,���"�• =`
<br /> " 1974 as umended from time ta tlmc, 12 U.S.C. Sertion 2601 et s�y. t"RFSPA"), unlesti another law thut applies ta thc Funds , . _.��?'-�"'�"
<br /> - -• sets u lesser amount. If w, L.ender may, at any time. callect and hotd Funds in un amaunt not to exceed the Ie�cer amount. : , , _''_'��- - _
<br /> - �==--:---=�— i.ctsdcr map cstimatc thc amaunt of Funds due on the 6asis of current dnta end rea�+nahle ectim,�tes of expenditurcs of future __. ___ ���--
<br /> ? Escrow Items oratherwi�e in uccordance with a licable law. • �r'��.��
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<br /> The Funds shull 6e hcld in an institution whose depo�its urc insureJ by a fcderul agcncy, instrum�ntuliry, or entity ± ,�.;� ��*`�
<br /> � (including Lendcr, if L.endcr is such an in.r•titution)ar in uny Federnl Homa I.aan Bunk. Lender shnll npply thc Funds to pay thc , . ��� =�•`
<br /> . " Eurow Items. I.ender may not churge Borrower for holding und applying the Fund.,unnually unalyxing thc escrow ucrount,or
<br /> � � � interest an the Funds and a licublc law permits Lender to make such 1::�,.�.,��:
<br /> verifying the E:scrow Items,unless t.ender pays Borrowcr PP
<br /> " , u chargc. Hawever. Lendcr muy require Borrawer ta puy a one-time chargc fur an indcpcndent real etitate tux rcponing servicc �' -
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<br /> used by l.ender in cannection with this loun, unl�ws applicable luw pmvidcs othcrwise. Unless un ugreemcnt is mude or , ?���
<br /> � „ •� . applicabte law rcquires intcrest to bc puid, I.ender chul l nat bc required to puy Borrower uny intcrest or curningx on thc Funds. % -
<br /> �, I.cndcr shall ivc to Bnrrowcr, '.� '
<br /> Borrowcr and I.cnder may a�ree in writing, h��wever. tiiut interest�hall be pu�d on the Fund g
<br />__._ _= with�ut chnrge.an nnnunl accounting of thc Funds,+howing crcdits und dchit+t<i thc Funds and thc purpnsc t<ir which c:►rh __ "�. _
<br /> ' ^ debit to the Fu�xis was niude.The Funds ure pled�ed u+udditiunul cecurity f'or:�II xums,ecured by thi�Security Instrument. • ?��`
<br /> If the Funds held by Lender exceed the acm�untc permitt��J t<�bc hcld by applicahlr luw.I.ender.r•hull ucce�unt to Bonower � '"' �
<br /> � for the exccsti Fundx in ucrurdunce with thc requirement�of applirublc luH�. If thc amc�unt of the t=undx hcld by Lencler ut s�ny e
<br /> � timc is not sufficicnt to p;►y tl�c Excrow Item�whcn du�:.Lendcr nmy���notify Borri�wcr in writing,und, in�uch ra+c Bnrrowcr �, � '
<br /> shall puy to Letxicr thc amount ncrrs,ary tc�mukc up th�dcticic�xy. Aorrowcr�hall mukc up thc dcficicnry in no rn��rc thAn ',�
<br /> ' twclvc monthly puymcntx,at [AnJcr's solc discrction. ..���
<br /> ., Upan puyment in full of ull +um, �ecureJ by thi.Srcurity In.trunknt. Le�idcr tihuli promptly refund tu &�rruwer uny ;�'
<br /> `� " Funds held by Lender. it,undcr paragruph 21, l.r�xlcr .hull uryuirc or�rll thc Pn��xrty,l.ender,prior to thc ucqui�ition or rale ;;'•,
<br /> ' of the Property.+hull apply any Fund+held b�• Lrnder at the timu uf urquitiitiun c�r,ule u�a credit Ugain+t the�ums secureci by ,:
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<br /> � this Securiry Inxtrumcnt. ,k; �
<br /> �, 3.Appticatton of Puymcnts.Unlc.s appliruhlc I.nv pruviJr�uthcrwi,c. ull puymcnt.rcccivcd by l.�ndcr unJcr puragraphs -. �s
<br /> � � 1 und 2 shall t�c upplicd: tirst, tu uny prcpaymcnt cliurgcs duc uiiJcr dic Notc:+rrunJ, tu umnuntti p,ryuMc under par:�gruph 2: y���
<br /> third,ti�intcrrst Juc:tiiurth,to p�inripul duc:and last, t��any latc rhurgc.Ju�undcr thc Nutr.
<br /> , ` 4. Chut�es: l.iens. fiurrower ahall pay ull tuxe.. a..e+�tmnt�. churgc�. tinr,and imp��+ition.uttributublc to thc PrupertY ;'F-
<br /> " __ - - whi�h nuw att:iin �rinrity <w�•r thi. Srrurity In.tnun�•nt. :ind Irst.rhi�l;l p,iyment, ��r eruund mnt.. if um•. liarru���cr shull puy .. _- _ /'."-.
<br /> thesc obligati�in.in the mannrr pr<wiJcd in paragraph �.ar il'�x�t paid in tliat manncr. Hurrua•cr�hall paty Utcrn un time direcU�� I. " .. • �.
<br /> tn thc pe�wn ciwcd paymcnt. Burruw-r��h:III rrulll(�ll�' IUflll�h u� I.rnJcr aU rnuirc.ot'amuunt.tu hr puid undcr thi.pura grx pl�. ., � ;`
<br /> � If Borrowcr makcti th��c paynunt�direcd�. Burro��cr tilt;dl prum�tl� I'u rni�h t��I.cnJ�r rcccipt,r�idcncing thr paynknt.. •
<br /> Barr�nvcr�hidl pr��mptl�•di�rhargc+in}• lirn vvl�irh ha.�riarit}•nvcr d�i. Scrurit�• In.trumrnt unle•.Hi�r���wcr:�a1 ugrcc+in � . �
<br /> . writin�ta thc paymcnt uf thc uhligation�crurcJ hy thc licn in a�nanncr arcc�tahl�t��I.rtxtcr.�h1 rontc+t.in �ixxi(aith thr licn ,
<br /> hy. or drfcnds uguin.t cnli�rcrment �,t' thr h�n in. Ic�al pr�xrcJing+ ��hirh in thc I.�nJrr', �,pini�,n u�xrcitc tu prr�cnt thr
<br /> - • cnti�rrcmcut��f the licn:ur�c�.ccurc.fr�,m thn c�,ld�r�,f thc licn an a�.rccmcnt.:►ti,t;�rtnr�� tu I.rnJcr +uhurdinating thc licn t�� I '
<br /> ' thi. S�wurily Tn�trumcnt. U'l.cnder drtcrminc.that at�� part�,f thr Pm�xrl} i,.ut,jcct to a lirn aliirh m;�� attain pr�urit�• ur�r � ,'
<br /> thiti S��urity lmtrununt. L�ndcr niay gi�c Borro��cr a ixdirr idrtiiil�ing thc lirn. i;nrr�,w�r.Ir.�ll ,:ui,t'�• tha li�n ur tul.c onc ur �
<br /> " tnorc uf thcactium tict ti,rtli.�Bu�•c��ithin IO day,ul thr giving��t'nutire. �
<br /> { Form 3026 9190 !
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