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<br /> � 9�~ �ass�1
<br /> - - '1`OCgL�THER WI'f1!tdl thc improvemc�ts rtow at hercafter enxted on thc praperty.QTId UI�CASCi11CRYfl,appurtenan,.s�,
<br /> -- nnd flatures rtaw�n c�rcafter n pnrt oP the praperty� A�� [�[(llttCClllCqtA QRd i1��lI0ItY 8I7GII UI90�1t:COVCICf:I)y 1I1�4 S�CCiIP�T}r
<br /> – Insuumen� Afl�F tt�foregoing ia referircd tn in shia Security lrtStNmcnt us tho"Pro{serty." —
<br /> BORROWBR COV�NANT5 that 9oaowcr ia lc►wfully�ci�cd of thc estato hcnby conveyed Bad hAa the right to�runt
<br /> and convoy tho Property and thut tho Rnperty fa unertcumbercd.except for encumbmnces nf record. Sorrower w�rtante and
<br /> wip defu►d generaily tNe dqe to the PropeAy nga[nst ull claima snd demands.subj�ct to any encumbmncea of ncard.
<br /> -w----- - -----, THIS SECURITY iNSTRUM�NT combinas uniforn�covenants for nntlanal use and non•unlform cavenanta with
<br /> � Iimited vnrladons b,y Jurledicdon ro cortsdtute u unfform security lnsaa�x►ent covering reu!�roperiy. `
<br /> j UNIFORM COVSNM�TS. 8arrower and Lcndercavenant and ogree as follaws:
<br /> _�_
<br /> . = 1. Pa,yment ot Prindpd and Intereat;Prepsyment and L�►te Charg�.w. Bocrnwcr shall pr�omptly pny whcn duo e
<br /> pdncip�l of and inarest on the debt evidenced by the Note tu►d any pnpaymcnt and late churges duc under thc Nate.
<br /> Z. I�ltnda for 1hxe�and Insurana. Subject to opplicable law or to a wrttten waiver by l.endet.Borrower shall puy ta
<br /> ..Y;; Ixnder on the d�y monthiy payments ure due under tho Note,undl tha Note is paid In full.u swn("FLndv")for.(n)yenrly
<br />,,,� taxes artd assessiuenta whlch may attnin prtariry over this Secnsiry Instiument as u tien on the Peoperty:(b)yesuly leasehald ____:
<br /> payments or ground rent� on the Pronerty. if uny: (c) Yenrly hc�ard or pmperty insurance pnemiums: (d) Yeady tivcxi
<br /> �� Insumnce prerniums, if any: (e)yearly mortguge insunuece premiums,if any: und(�any sums payable by Barower to
<br /> Leader.in accordance wlth the proviatons of pamgrciph S.ia lieu of thepuyment of tt�ortgage insurunce premium+• 1liese
<br /> items ace caUed"Escrow Items:' Lender may,at any dme.collect aad hold FLnds in sw nmount not to exceed the maaimum
<br /> amount a lender far u federally relat�d mortgage loan may requi�e for Botrawers escrow accouat under the federal Rcal
<br /> Sstate Settlement Procedu:es Act of 1974 as amended fmm dme to time,l2 U.S.C.§2601 et seg.("RESPA").unlas another
<br /> tuw tbat applies ro the f�nds sets u lesser amount If so,Lender awy.nt uny dme.collect and hold FLndg In un amount not to
<br /> exceed the lesser amoua� Lender may esdmate the amount of FLnda duo on the bnsis of cument datn aad reasonable � -
<br /> estimates of expenditures of future Escrow Items or otherwise in acwrdonce with appUcable Inw.
<br /> ^ 'lhe Fwids shall be held in su►Instituaoa whose deposits ac+e insured by a fedeial a$ency. insuumenwlity,or entIty
<br /> • �'i��'�' (including I.ender.if L.ender is such an iasdtudoa)or in any Fedeml Home Loan Bank. I.ender shall upply the Funds to pay ,�
<br /> the Escrnw Items. Lender may aot charge Bor[ower for holding aad applying the Funds.unnuaUy analyzing the escraw
<br /> •:� 'v'�•:- account, or vedfy[ng the Escrow Items,unless I.ender pays Borrower interest an the Fuads arid applicuble law pemnits
<br /> � � Lender to make such a charge. However,Leader may r�equ�re Bomower to pay a one-time charse for an independent real
<br /> � �� � estate tax reporting service used by I.endcr in cannection with this loan.unless applicuble!aw pmvides otherwise. Unless na _
<br /> + � ., agreement Is mnde or appltcabie law requires interest to be paid 1-ender shnll aot be cequired to pay Boirower tuty interest or
<br /> ; ,�' eamings on the Fuads. Borrower and l.eader may asc�ee In wnting.howe�er,thut inte�est shall be psiId on the E�nds. I.ender i=�'+�
<br /> .���r :�
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<br /> r +,�'�`'�•-��`��;';��'�> shall give to Horc+ower.without charge.an annual eccounting of the Funds.showing credits and debtts to the Funds and the p:u_.
<br /> " 'r�"���� :�,�{F; purpose for wbich each debit to the Fhnds wAS made. The Funds are pledged as additiona!security for all sums socured by
<br /> �s �` w_.._= �r.;
<br /> -- this Sezuz'sty InstramPnr.
<br /> ' ;�r''��;��f.;�;;,q�`•:� If the Funds helil by Lender exceed the amounts pemaitted to be held by applIcable taw. Lender shnii uccounc co _
<br /> '� �'r " Borrower for the excesa Funds in accordance wlth thc requiremcats of applicable law. If the amouat of the Funds held by
<br /> ''�,-.;,'".��:.,:>��:7r;t,s ��
<br /> . '��..;�. Lender at any ame is not suCficient to pey the Escrow Items when due,I.ender may so noafy Borrower In writing.und.in ��
<br /> _``'�� - '�Y�r'�•``^ such case Bonower shall pay to L.ender the aaiount necessary to make up the deficleacy. Borrower shall make up the .
<br /> �:.:� �� '����• deficieacy in no more than twelve monthly payments.at Lender's sole dlscredon• t�l'�;=•
<br /> �;� •� . _. �-
<br /> ,. Upon payment in full of all gums secured by this Security Inspvmen�Lender shall promptly refund to Bortower any "�i.•
<br />•� ��y� .` t�, ,�; Funds held by Lender. if,under paca�caph 21.Lenaier shaU acquire or sell the Praperty.Lender.prior to the acqutsldon or =
<br />_ sale of the Property,shall apply Any FLnds held by l.ender at the time of ucquisidon or sale as u credit aguinst the sums -•�
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<br /> , •`�,;��. . -' •,'''" secuted by this Security Inswment. � �^
<br /> ��r'�`•`'�� "�'� `"'``' 3. Applleatlon of Puymenta Unless applicable law provides o t he r w ise.u l l payments rece iv e d b y L e n der under
<br /> L'4'''�� �� � '�''"" hs 1 and 2 shall be a Ited:first,to an re a ment char es due under the Note;second.to amounts payable under
<br /> 1., �Xf1.�,..,.,. , . r .
<br /> :r,,.: para�gaph 2;third.to intetest due;fouRh,to principal due;and IacG to any late churges due under the IJote.
<br /> ' �h� �'`�1��"�`•• , •� 4. Chseges; i.iens. Borrower shall pay all ta�ces,assessments,charges,fines and impo§idons attributable to the �
<br /> � t.,.:
<br /> '`�•'''••�'r`'�' `�'`�''"'� Property which may attain priority over this Security Insuument,and leascl�old payments or ground r�ents,if eny. Socrower
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<br /> , ;,,.,. �;t, sb�aU pay t�ese obligations in the manner provtded in paragraph 2,or if not paid in that mnnner.Borrower shall pay them on
<br /> " ' • ��t•� dme direcdy to the persoa owed payment. Borrower shali promptly fumIsh to Lender ull notices of amounts to be pstid under
<br />�'��• Utis h. If Borrower makes these a ments direcd ,Borrower shall rom d fumish to Lender recei ts evidencin
<br /> �'�-.'`;',. P�B�P P Y Y P P Y P 8
<br /> .� •"i:-�.:,..: the payments.
<br /> �:,;��J�; • „ Borr+ower shall pmmpdy discharge any Ilen which has priority over thls Security Instrument unless Borrower.(a)agrees
<br /> � ��'�'�_+���• , in writing to the payment of the obligation secumd by the lien in a manner accepmble to Lender,(b)contests in good faith the
<br /> ':� _ �� � . ,� lien by.or defends against enforcement of the lien in,legal praceedings which in the Lender's opinion operate to prevent the p
<br /> �' ''° �'.,� enforcemeat of the lien;or(c)secnres fmm the holder of the lien an agreement sadsfactory to Lender sabordinating the lien
<br /> , �*��' � ' to this Security Instrumen� If Lender determines that any part of the Property is subject to n Iten which may atuin priodty
<br /> n . over this Securlty Instrumen3.Lender may�ive Bocrower a nouce identifying the lien. Borrower shall satisfy the lien or take
<br /> 'j��`,' one ar more of the acdons set fonh above within 10 dnys of the givin�of notice.
<br /> Y • - ' S. Hazard or Yro Insurance. Bornower shall keep the impmvements now existing or hereafter erected on the
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<br /> r,: . 't,!:�'; Property insvm,d against loss by flre,h�acds included within the term'extended coverage"and any other hazards,including
<br /> . ' •� floads or ttc�oding,for which Lertder requires lnsurance. This insurance shall be maintained in the amounts and for the
<br /> � ., ' �� , Fbrtn 3028 91911 (paRt2 ojb pnRtsl
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