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<br /> .. •!,f���M1.A H� �e���)tl{A l'��Q{ii3�hnil�lL'ii�i:lil'�►IIO.'/l�'i�,'��'�ILi (.n� i.,}�itll li;.':�lii;�T�',iy�C•li��;:�� - t� �.�1 fll�{ �-:1.l+�Il� ,
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<br /> H�,;a�. � uE�w ur t�..,�.ii�., n �r�►� uf' ihc �ii���l;�iy. /all ��:��I�:r.: ?:r��+l�l i.ud r ldl.u�r� i�ii ill �1�.�i l�., c�rvri. ri�r-.
<br /> li��.4uiufcnt. All uf thc ft�rcgniug ia rc!'ez•ra�to fe�tlds Sc�urit�(ns:in►rsic�ri m{tttc"1"'rapctity."
<br /> -- �;e�u�an4v��u e:��t��:[vnN'i'S that [ior�Y�wCr iw iawi'ull�stlSUJ uf thc csltitc h.'reby ca��veyc.�and ha5�l�c ri�;ht tn grant ci��t
<br /> amvey the �mperty aixl that Uie Propeny is unencumbere�l,axcept l'or encumhrmices oi rccrn'd. I3urrower�va�r�►nts und will
<br /> ---_�=� defcnct Fe�r:ral�y Qte ti41e to tite Pro1seRy n�ninst.�It clnims ne�d dem:bnds,r�ubjcct to uny e��cumbrances of recm�l.
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<br /> 'CNIS SLCUft1TY iP�STRUMBNT combines uniform cuvc��u��ts fii�-nw¢:unal us�ai:d non-nniform cuvcnnnis witl�litnit -
<br /> variations by Jurtsdiction to constitute a uniform security(nstNm�nt covering real{�roperty. ,
<br /> UNICORM CUVPNANTS.Borrower nnd Lcnder covenant and agree as follows: �
<br /> l. PAymen4 oE l'ripclpal and Interat; Pre�u►yment and Latc Charg�s. Bor[ower shall proraptly pay wheti duc th�
<br /> principal of and interest on the debt eviclenced by thc Note And any prepaymcnt nnd Inte char�es dne under thc Note.
<br /> _ _ ��
<br /> Z. Funtls [or Taxes and It�surancee Subject to applicable law or to a written waiver by I.cndcr, Borrower sh�ll pay to
<br /> - Lender on the day mon:hly paymenu are due under th$Note,uniil the Natc i;paid in fuU,psu y'("�unds") for: (a)year y taxes
<br /> ---- and assessments which may attu'sn priority over this Security Instrument as a licn on t{ie Pro ert�'b)fl��n.surunce prem ums,
<br /> � or ground rents on th�Froperty,if a�iy;(c)yearly h•a�ard or property insurancc premlu�ns;(d)y Y
<br /> -,;,,--- � if any; (e) yearly mortgage insurance-premiums, if any;and(�nny sums payable by Horrowcr to L.ender, in accurdance with
<br /> ''r7��"?�� the provisions of paragraph e,in licu of the payment of mortgage insurance premiums.These ttems are culled "Bscrow Ieems."
<br /> �` ------ L.ender may, at any time,collect and hold Funds in an amount not to exceed the maximum amount a lender fur a federally
<br /> --- - ------ rclated mnrtgage loam m�}�require for Hotrower's escrow account under the federal Reul Estnte Settlement Pracedures Act of
<br /> .- �
<br />;:;;:,, 1974 as amended from time to time, 12 U.S.C. Section 2601 er seg. ("RESI'A"),unless anutiier law that applies to the Fon s
<br /> ,�._. sets a lesser ssmount. If so, Lender may. nt uny time, coilect and hold Funds in an nmount not to excecJ the lesscr umount.
<br />-- '������'��+x��='� Lendsr may estimate the amount of Funds due on the basis of current data and reasonablc estimates of cxpanditures of future -
<br /> � ?"� Escrow Items or otherwise in uccordance wi[h applicable law.
<br /> —�:-��,�t'�;�s�;�,:.`!�,.�.•
<br /> ����;.t�?,;,.�i;,..,,... Thc Funds shall bc he(d in an institution whose deposits are insured by a federal agency, 'instrumentality, or ent�ry
<br />--===_=w,;;;,�"'"'��.�•'� (including Lcnder,if Lendcr is such un institution)or in any Federal Home I.oa�i Dsink•1-ender shall apply the Tunds to pny thc
<br />,_"`"'•`t�,;� Escrow Items. Lender rnay not charge Borrower for holding and upplying the Funds,annually analyzing the escrow aCCdunt.or
<br /> .
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<br />-���:��!��f#;.:���,���""' . verifying the Escrow Items, unless J.ender pays Borrower interest on the Funds xnd applicable IAw permits Lender to make such
<br />--=Yr��f,�]:'i:,?„!?j%?S,"'„. . a charge. Hawever, I.ender mny require Borrawer to pay a one•tirne chatgc for un independent real estnte tax reporting secvice
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<br /> �+�����,, � ��� ; used by Lcnder in conne�:tlon wi�h this loan, unless applicable law provides othenvise. Unless an a�teement is mn e or
<br /> '�.�`� �t}y� �! gn»I�rahlP Inw tec3uiees iniCiCSI io be pflld,L.ender shall not be rcquired to pay Bonawer uny interest or carniings on thc Funds.
<br /> .i �k�2�".�,y.r\,_)+'-:, �:.:.... CY' '_ .
<br /> :c�;,-;..-,,;.. ,.<,,,;,,; . � Borrower and L.ender may agree in writing, hawever, that interest shati oc paiu�i�it�_�rw�. Ix"der s4!'!I vivs to onower,
<br /> �' ��''l '` ��~''� : without charge, an annual accounting of the Funds, showing credits and dcbits to the Funds and the purpose for which cach
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<br /> -"�'��'`',' • debit to the Funds was made.The Funds ure pledged as additional sccurity for all sums secured by this Security nstrumen.
<br /> Cf the Funds held by Lender exceed the amounts permitted to be held by applic:sble law,l.ender shall account to Borrower
<br /> ��� for the excess Nunds in accordance with the requirements of applicable law.If the amount of the Funds held by Lender at uny
<br />- � ��•'';�•' time is n4t sufficient to pay the Escrow Itenis when due. Lender may so notify Borrower in writing,and, in such case Borrow�r
<br /> ;`"y`r`�';''-'"�;�. shall pay to Lender the amount necessury to make up the deficiency. Borrower shali make up the deficicncy in no rnore thnn
<br />,-; -�w��:... . . -• ..
<br /> _rv��,��,M,!F twclvc monthly payments,at L.cndcr's solc discrction.
<br />_,,,,.,. . ..... ,. � Upon payment in full of :dl sums secured by this Security Instrument, Lender shnll promptly refund to Dormwer uny
<br /> ' - =.. .. °'�,,;;, Funds hcld by Lender. If,undcr paragr�ph 2 f, L.cnder shall acquirc or scll thc Propeny. I..cnder,prior to thc acquisition ur sale
<br />�,rr-.�.rn-,...`:..rr.r .
<br /> __„ ,r,.���,,. . of tl�e Praperty, shtd�aPP�Y any Funds held by Lcnder ut the timc of.icqui�,ition ur salc as u creciit ugainst�hc sums sccured by
<br /> �-•• •".' ' �.•' , this Secnriry Instrumcnt.
<br /> '"":"`-`'°'"'•'��'`,:� 3,Appllcntlon of Pnyments.Unless upplicablc law provides othenvise,all payments received by Lender wider paragraphs -
<br /> _-.-.::�.,Y..,.;4„�,,..... .. P� b P
<br /> ��� l and 2 shall be applied: 6rst, ro any prepaymcnt ch�rges Juc under thc Notc; scr.ond, to amounts payable under �ra�ra h 2;
<br /> "'•'' �� - '.'�-�"S � third,to interest due; founh,to principul due:and last,ro any late charges due under the Note.
<br /> ` •�`'� � •�� 4. Charges; Ltens.Borrowcr shall pay all taxes,assessmenis, c harges, f incs a n d i m p ositions uttributablc to thc Property
<br /> • - �, which may attain priority ovcr this Security Instrument, :md leusehold payments or ground rents, if any. Borrower shall Fay
<br /> `5'c • � - these obiigations in the manner provided in paragraph 2. ar if not paid in that manner,Borrower shall pay thcm on time dircctly
<br /> � � -
<br /> ��= to the person ow•ed payment.Borrower shall promptiy fi�rnish to Lcnder all noticcs af amounts to be paid under this paragrap .
<br />`�' � � If Borrmver makes thesc payments direcdy, Borrower shall promptly fumish to L.ender reccipts evidcncing the paymcnts. _
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<br /> . • Borrower shali prompdy discharge any lien�vhich has priority over this Securiry Instrument unless Borcower:(a)agrees in -
<br />;�., writing to the pnyment of the obligation secureci by the lien in a manner acceptable to Lender; (b)contests in good faith the lien
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