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<br /> , , . TO�Fi'fH�Ei�*JiTH nll tiie impmvem�nts notiv or hereaflcr crcctcd an tLe prape�iy,itilil 1II C.94C[t1CilYs,,�}�payt,:�z•:�ic:::, _--;.:
<br /> ° nnd SxUires nau�or hrrc.ift�:r;i ��:ut of titc pro�:�-ty. /�II rc��tr.cctncnis:ui+1 ecOdidom,�;i�all ako Bc rnvc;.:il E�y�hi�:4r�:n�.[y ..
<br /> Instn�mciit. All of thc fcn•cU��inr is refcr`cd to in thi4 Sc4urily lusismiicnt n�,Uic "Fra►p��iy." �
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<br /> � -. �� , RU[2ItO�V6R CAV(?NAN'1'S ihnt Doao�vcr is lawfully sciscd of�hc cst:�te hcr�by cnnv�yccl nnd has�hc ri£t�t t�a c;rasn `�---�
<br /> _ ��:•;,•%: -'� � nnd com•ey ehe Yroperty imd that the•1'roperty is unencumbered,exccpt for rneumlzrnnccs of rccUrd. {3urrowcr wnrrants a�ld
<br />=LLm�,�„�y;,�;�;:' ��'. I �vill dctcnd gcnirtdly tl���I�te to�hc Prc�ncrty iigiiinst uU cluim:i nnil dc�niu�as,sub)cct to a��y encumbruucc�nf'rccorc},
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<br /> _,a,�:�°; . �' ( 'fHIS Sf?CJRITY INS'1'I2UMLNT combines unifurm covenants Yar n;�tlonal usc and nnmunifann cnvenantti wi�h _
<br /> - limiterl v;►rintinnH hy juri�dirdun�o contidwte n u�dform ser.�irety intitri��nene enve�rin�rrnl��r��Z�c,rty. ___
<br /> '�• � •--� �..� � UNIFdFtM CUVG'NAN'fS. llorrawcr nnd�.cndcr cuvcnont imd ng�cc nv PulluwR;
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<br /> -� -''�� ''`� 1. i'�ymNnt nP I�rEnclp�l and Interest;Prepaymerot end Lxt�Chorgts, I�ormwce shall�rom�ftly pt�y when duc Ihc
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<br />_;:�..._iti� • ��� •: .. principal of un� intcirst cnt Ihe debt cvldcncc�l hy Ihc Nntr,nttd nny prcpa�mcnt�nd intc chargcs duc u�idcr�hc Noic.
<br /> "'"�r"�` `��`��' '�` ` 2. Funds for'Ibxes and Ensurance. SubJcct to applicublc law or to a w�itte��wniver hy Lander,8arrower shall iray t�
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<br /> -- " 'r' I L,;ndcr on thc d�y montbly p:�yments ure cluc wtdcr thc Natc,until the Note is�v�id In !'ull,n sum("Funds")for:(u) �rearly —
<br /> �'�`-' '�`• � �� taxes snd assessments Evhicti nuiy nttnin priarity over tbis Securlty lnstrument x�s n lien on the P�•openy;(h)ye�tly Ir�a:ehold
<br /> ��_.,ri:'-•, '.-.ti „°,,,�:t;. � � paymenrs or ground rents un ti�c Pra�xrty, if any; (c) yeui�ly ir.u.urd ur properiy insumncc nretniurns; (a) yrady II�xx1 --- -
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<br /> ��� � ,i�'�. I insurancc premiums, if riny; (c) ycarly mongage insurance premiums,if nny;and(� any sums payable by Barruwcr to
<br /> '�! ,',� �..�� . • ,; Lender,in accordance �vith Ute provisions of parngraph 8, in lieu of the payment of mortgage insurnncu pnemtunis. 'fhese
<br /> _�_:F„ .. . .:. -. items are caUcd "Escrow►terns." Lender may,ut any tlme,collect and ho:d PUnds in an amount not to exceecl the meximum
<br /> �r '�' '��' amount n lender for n fcdernlly eclated mortgage loam m�y require for�orrower's escrow account �mder the federa➢ Real
<br />'��•'�!�'�" r`'•=^^ �� L'state Scttlement Procedw•es Act of 1974 as amended from time ta timc,l2 U.S.C. q 2601 et ser�.("RESPA"),unl�ss anoA►er
<br /> .'7��`�'��`��•• •`•'����' law that appiics to the Flinds scts a Icsser amount. If so,Lender may,at any time,collcct and hold Fands in��►nmuunt not to
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<br />_-�m•.�._ . ....,�J`.'E excced the Iesser amount. Lender may estimntc thc amuunt of Funds due on the basis of currcnt dat3 und reasanablc _
<br /> ^ �� �• • estimates of expenditures of future Escrow Items or otherwise in accordance with applicable law.
<br /> •.'�-'- ��> The Funds shall be held in an institution whose dcposits are insured by a fedeml a�;ency. instrumentaliry,or entity
<br /> •�f � �" �. (including Lender,if Lender is such an institution)or i�uny Federal Eiome I.oan Bank. l.ender shall Apply the F1mds to pay
<br /> ,� ; ,.� the Escrow Items. Lender may not charge Borrowcr for hold�ng und applying the Funds, annu�lly nnulyzinb the escrow
<br /> -��•°�. �• �• •��� account, or verifying the Esrrow Items, un less Len der pays Borrower interest on the Flmds and applicable law permits
<br /> ' ' • I.ender tc, make such a charg�. However, Lcnder muy require Borrower to pay u une-time charge for�n ir�dcpenden¢real __
<br /> "'.' estate tax reportin�service used by Lr.nder in connection with this loan,unless applicuble law provides othenvisc. Unless an
<br /> • agreement is made or upplicable law reyuires interest to be paid,Lr.nder shall not br required t6 pay Borrower any intcrest or
<br />_: � . ' carnings on the FSmds. Bomower and L.endcr may agrec in writin�,however,that interest shall be paid on the Funds. Lender
<br /> - �, • shall give to Borrmver.withaut charge,an annual accountins of the Funds,showing credits and debits tn the FLnds and the
<br /> „ .__ _, purpose for whicb euch debit to thc Ftmds was made. The Fund,are pled.ged as additional security for all sums secured by
<br /> ,.
<br /> ,., ,;. , this Security[nstrumcnt.
<br /> . . If�he F:s::�.:held h, Le.^.�e•nvrnnS� !he �s*±�snts �ssx::�e�±t� � rwl�! h� spplics�ls ls:v. Lss:rl:,r sttal! sccos:ss: ta
<br /> _ ' � Borrower for the excess Funds in accordanee with the requirements of applicable la�y. If the amount of the Funds held by
<br /> , Lender at any time is not sufficient to pay the Escrow ltems when due,LPnder may so notify Borrower in writing,and, in _
<br /> . , such case Borrower shall pay to Lender the amount necessary to malce up ehe deficiency. Borrower shaQ make up the
<br />- deficiency in no more than twelve monthly payments,at Lender�s sole discmtion.
<br /> - � Upon payment in full of all sums secured by this Securiry Instrument,Lender shall promptly refund to Borrower any
<br />_ � ;{ Ftmds held by Lender. If,under paragraph 21,Lender shall acquire or sel!the Property,Lender.prior to the ncyuisition or
<br /> " sale of the Property, shafl apply nny Funds held by i,ender at t5c time of acquisition or sale as a credit against the sums
<br /> � � secured by this Securiry Instrument. �.:.
<br /> . 3. AppfEcutlon of Payments. Unless applicablc law provides otherwise, aU p�ymenu received by Lendcr undcr -
<br /> : � '��':�, paragraphs l and 2 shall be applied:first,to any prepayment charges due under the Note;second,to amounts payable under
<br /> ' paragraph 2;third,to interest due;faurth,to principal due;a,isl last,to any late charges due undcr the Note.
<br /> } ' 4. Charges; Liens. Borrowcr shall pay all taxes, asscssments,char�es, fines and imposit�ons attributable to the --
<br /> = • .. � `.` �, ' Property which may attain priority over this Security Tnstrument, and leasehold payments or ground rents,if any. Borrower Ry
<br /> `, � � shall pay these obligations in the manner provided in paragraph 2.or if nat paid in thut manner,Burrower shall pay them on �_�
<br /> _ .,,. time directly to the person owed payment. Bonower shafl promptly furnish to Lender alt notices of amounts to be paid under ��_
<br /> " this paragraph. If Borrower makes these payments direcdy, Borrower shall promptly furnish ro Lender receipts evidencing
<br /> � . the payments.
<br /> t .� .; ,�.� Borrower shall promptly discharge any lien which has p�iority ovcr this Sewriry instrument unless Barrower:(a)agrees -
<br /> " in writing to the payment of the obligation secured by the lien in a manner acceptable ro Lender,(b)contests in good faith the �
<br />-� ' lien by,or clefends ugainst enforcement of the lien in,legal proceedings which in the Lender's opinion operate to prevent the -
<br />--��-� ° enforcement of the lien;or(�)secures from the holder of the lien an a�memei�t satisfactory to Lender subordinating the lien
<br /> co this Securiry Instrument. If Lender determines that any part of the Property is subject to a lien which may attain priority
<br /> rl�, over this Security Instrument,Lender may givc Borrower a notice identifying thc lien. B�rrov��r shall satisfy thc lien or take
<br />_=� , one or more of the actions set torth above within 10 days�f the giving of notice.
<br /> 5. Hazard or Property Insurnnce. Bnrrower shall keep the improvements now existing or hereafter crected on the
<br /> .�.�:, Property insured against loss by�re,hazards included within the term "extended coverage"and any other hazards,including ,
<br /> _. floods or flooding,for which Lender reyuires insurance. T'his insurance shall be maintained in the amounts and for the
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