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<br /> - 31122SCIIICQIS.3�UT[L'�3IIC�S.SAt� ° 4 < �:
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<br /> . . T4L3B17iER�IffH sIl t1+.e i�uprovements now ar hemaf�er erected on the pmg�rt3+• � �
<br /> � .: �r..•����. . e qtl reptaaaients and additions st�ili slso 6e cavered by�tUis �ecucitl+ '
<br /> : � ._ � . f�xtums�notv or [�sreaSter a part of ti� pmF s'�Y• . , - �.
<br /> t� . : � � �nstmmer►t.All af the far�oing is referred w in this S�curiry 1'asmiment as the°Fropeny" . � �_- F _
<br /> x . In . .
<br /> �-� •. BORROR/ER COVEA1Ai�i'TS diat�ormwer is la�vfulty seised of the essute hereby eanveyed and has the�igM to gr�nt artd �t���x�-
<br /> . . �`•� conve th�Praperty ard that the PropPxty is unencumbsre0.exeept for e n c u m�ras�ce§o f r�o r d. B o r r o w e r w a r r a ats aud�viU ����ix�.�
<br /> � , y a ainst�11 ciaims and demands.subjec�t to any encumbrenses of iecond. ,
<br /> .., �, ,k., �� defend fienerally the utte ta the PropertY g ` 5k�,�„.
<br /> �- '� THt5 SE�URITY II3STRUMENT cumbines unifarm cavenants far tt�donal use and nomutdform covewvit��aritIi limited �,4 =
<br /> . : <<.• `� . ���- _
<br /> variatians by jurisdicuon to eonsdtute a uniform security instcument ooverin;teal propert'Y• . � �: �� -.:
<br /> • � • � •� U131FpR,ly CpyHNAAiTS.Borrower and I.ender cavenasit and u�;ree as fallo�xs: t� a �•,hen due We ��'�— ��
<br /> . < � .. :e:�. l. Foyatent oY i'��ncipal and Intersst; �'re�3'ment and Late Ct�rB2s.Borrower shall promP Y P Y , ,,•;����,.�,.
<br /> m:nt and,late ch�uges dae under the Nate. ��*°-• -
<br /> _ ' ���F. . principal of and inteiest on the debt evitienced by thc Hate artai anY�t�aY ��, _ =
<br /> . 2.Fands[or Tmces and Iasuruuoe.Sub3eci to a�plisable!aw or to a wriuen waiver by Lender. Bornawei shatl�paY ts? . � _ -
<br /> ` � `Ixnder on the day monthiy payments sre due under the NQte,until the I�Ttite is paid in full,a sum("Fands"T for:(a)ye�r1Y tax� . _ __
<br /> �•- ,:' ` : �` <- � and assessmenis w h i G h maY a�l�Priori ry over shis Securiry Insuumcnt as a tien on the Property:(b)YearlY teascIiold pa'�m�rtts --
<br /> . . . � . or gcaund rents an the Pmperry,if any:(c}yeasly hazard or property insuraace premiums;(d)Yearly ftaod i�uranee premiams, < --
<br /> •��� ` `I • mort e insurance Pscmiums,if any;and(t?anY sums PaYable by Eorrawer to I.eaderi dn acco�itce with
<br /> _.< <•:.� .. � � if any;(e)Y�Y S�8 .
<br /> _,�� . . the pmvisions of ParagraPh 8,in Ueu of the payment of martgage i�sotance premi�+m.T-Tiiese items are called"Essroar items."
<br /> •�f ��'` • � , i.ender may.at any time, coltect and hold Funds in an amonnt not to exceed tiat masisnuiu aa�u�a lender fot a feda•a41y . `
<br /> � ``' � ' retated mortgage Ioan may recl+ure for Boaowei s escrow accnnnt under the fedeTal Rea1 Esiate Setdement Fcocedures Ai�af
<br /> ,`i,`. ,_ ._. �. -.
<br /> ' t714 as amended fram time to time.12 U.S.C.Section 2fi01 es seg.("RESPA"j,unless aauthet Caw�t�apPiies to td�e Fut�s
<br /> � .. ' , sets a tesset amowu.If so, I.ender may. at any time. coltect aad botd Funds in afl atstonni IIot W.exce�i che ltures of fatur�t
<br /> , ��,� ' .' Leader may est�te the amount of Fw►ds due on the basis of curreut data snd reasanable es�imates af esP?nd� ,
<br /> i
<br /> � • `: .•.� Fscrow Items or othemise in ar,cordance with applicable taw. • instnunentality.`'ar entity . ,
<br /> ,`;� �' ' The Funds shall be heid,in an institution whose deposits ar�,insured by s�federal agenc�.
<br /> _- -_ °�`. •, (including I.ender.if Lender is such an instimtion)or in any Federal Home 1.oan Ba�nk.l.ender shall a,Pply,the�unds r�paY the '
<br /> . � � � �: the Funds.annuallY anatY'ring the escnsw ac�mrat.csr
<br /> � � • Fscm�v Items.I.ender rnay not charge�orrav�er for 6olding und app1Y�8
<br /> � verifying the lEscrow items,unless 1.ender pays Sorrower interest on the Funds and applicabte taw penniis Lznder to make sucb , _
<br /> ' � � a charge.However.Lender may require Borrower to pay a one-tim�charge for an iudependent real estate���g��o} <
<br /> , � � � • used by Lender in cannection with ttus loan. unless applicable law provides otherwise. Untess an ag� nn the,�undss , ,
<br /> -..... .. ._ ..,.°. '., .
<br /> .. ..._�,.:.-:.-.-_>:.-- � �plicabis taw reqaires intesest to be paid,Lender sbali noi be reqnired to.pay Borrower any inter�t or eamings e_ --- _ __ --
<br /> . ' .�.� • Borrowes and Lcader may agree in wT�g,however.that interest shall be paid on the Funds. Lend�r s,ial!give to•S�rrower,
<br /> :. • ` � without ci�arge. �n annua&':;4cauntin�c3 th:Fund�,showing credits and debits�to th$�onds and the putpo�f�i�� .::-.—
<br /> ' debit to ihe Funds was c�ril:."Tlse Fu.��s are pledged as additional aecuriry far all snnts secured by thls Secutiry `:„
<br /> ° . .�� `�: ` , If the Funds held by�Lender exc.�{:the amounts pemiitted to be heId hy apptica6le lacv,-�der shall.accaunt tv Berrov4cr.
<br /> � � � � for the excess Funds in accardance with 1he requirements of applicable law.If the asnonns oT�1i�Fuhds keld b ��r.�1t:-�," ',j{��
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<br /> ` `' . " '- time is not sufficient to pay the Eserow Items when due,Lender rray so notify Bosowet in wririag,and,in such case Ho�frti�•er '' � �,
<br /> .:�.;_;"',,�• ' � ..' s�all pay to Lender tltewi�ount necess'ars+t�make u�''the deficiency. Bonower shall mafce up the deficier.cy in no mdre than,
<br /> '�-�'�' �su±elve monthty paymer.a,at Lender's sole discretio�. � � �
<br /> � � •. . Upan payment in full of all sums secured by this Security Instnimeni, 1-snder sha1l promp2lY rCCf�*xr.��io Borrawcr any .
<br /> • � . � Funds held by l.erder.If.under paragszpfi 21,Lender shall acquire or sell the Pcoperty,Le�cics.prior to the accluisiaaa or sale . _
<br /> • �;. . , . of the Property.sha11 apply any Funds hetd by l.ender al the time of acquisition or sate as a ereclit against the sums secnrod by
<br /> , " . this Secwity Instrument. —
<br /> ` � 3.Applic�tion of Payaients-Unless applicable taw provides othenvise.all�yments received by Lender under pangraphs �._
<br /> ` • � . �. ' � 1 and 2 s':x:l be appfied: first.to any,rsepayment chazges due under the Note;ser�.�d,ta.amounts payable under paragagb 2; ;
<br /> � � � third.co ir�-�est due:fourth,to princi�3 due:and last,to any late chazges due ur;:r the Noc�., ___ -
<br /> _• �� � � • 4. Chaiges:Liens. Eorrower shall pay all taxes.assessments.charges, fires and impositions amitsutable to the Projrerty --
<br /> *� ''� which may attain prioriL�• aver this Securiry Instrument. and leasehold paym�tes°ox ground rents.if any. BOxrower sha11 PaY
<br /> '•.,�;�,
<br /> •� . t':ese obligations in the�^��:.'�er provided in paragraFb 2.or if not paid�n that s�.�er,Bonower shall pay th�n on timc,directly
<br /> r(`...�.
<br /> � to the pe�son owed payment.Borrower shall promptty fumish to Lender all noticxs of amoonts to be paid ussE:.et'tius paragrapn.
<br /> -' ' ' yf Bono�ver makes these payments dis�.-t�y.Bonower shall promptly farnish to L.ender receipts evidencin��ife paymer�ts.
<br /> � ''�` � • Barrawer shall promptly discharge any lien which has p�iority over this 5ec,urity Instrunv:u,t unless Borrower:(a)agees in �
<br /> ,#,` . �_ writing to the paymers o 1=the obligation secured by the lien in a manner acceptable to L.ender;�b)cantests in gaod faith the lien • -�-
<br /> ��` � ' � by. or defends agair��forcement of the lien in. legal proceedings which in the i.ender's opinion a�erate to prave�tbe - - --_
<br /> � � enforcem�:i:t af the lien;or(c)secures from the holder of the lie�an agreement satisfactory to Lender sutu�rdinating the lien to �Y�_�,
<br /> ' � . this Secuss.y lnstrument. If l.ender�ztermines that any part of�!?w Properry is sublect to a lien which may attain prtoriry over �Y�,,==#;
<br /> � . � � � , this Security Instrument. i.ender may give Borrower a notice i��tifying the lien.Bo�rower shall satisfy the lien or ta�.�cae or �.s,, ,':r,i;
<br /> � � ` more of the actions sez fvrth above within 10 days��E che givin�of notice. .. _;:
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