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<br /> � � T�i1E��iE[t WiTH all the improve�stents now or[�-aRer eiected on the pmperty.and ell eas�uicet�.uppurtenaaces. -- .
<br />�• � !� ' .``� ond fiatu�s now or�tet�ftes a part af the praperty. AU replacements and additions shaU elso 6e rovero3 hy this Sccurity 4 ,� a�,?�.
<br />_ � � 's :� � Inssrument All of the Fo,-e oin �s�efi�m8 to in this Securi instaument�the ° . . . ,
<br />_ • , 8 g� tY "FmPcrtY• ._;�.,
<br /> � ' BOIIROWEl2 COVENANR'S that�orrotver is lawf�lly seis�d of the estat�her�by conveyed aud t�.c tha ri�ht to gtunt -
<br /> � ., and canvey the Pcogerty and that the PropeRy is unensumbeted.except fur encumbrances of record. Bormwer warrantia aQd • `� �K�-
<br />-_ �'�., . •� will def�nd generally th�titte to the Pra�rty a°inct a11 cl�ims and demands.subjer.�to any ensu9nbsaaces of recocd, <� : � . --.
<br />- . . TtIIS SECURPfY INSTRUMEPIIT combiaes uniform wvertaats fos oa�anal are ead�non-uaiform covenants witH 'c� ;'.`-.c .
<br />. � �: UM .
<br /> . . • timited variations by jwisdiction to constitute a uniform se�vriry iastrument covering real pm�rty. � : � :; -
<br /> ��.: LINIFpRM COVENANTS. �mmwer and lxnd�r�odenaat and agriee 1s follotvs: r �: `'� `
<br /> , , 1.. Payment o!Pe3adpnl and Interesl:Prep�yment aa�Late Ch�ges. Borro�uer shall F►'��P�Y Pay when�ue the ti Q r
<br /> ` principal of and'mP.eiest oa dte debt evidenc�by the riote aad a�r prepayment and late charges due tmder the N�. '� � � �.��i y'"
<br /> ' � F a a d s f Q r 1�e s a r�8 t n s u r e n c e. S u b j e c c w a p p i i c a b l e I n w a r t o a w r i t t e o waiver b y L.ender.Bortower sha19 pa y to t��-�- �.
<br />_ " ��' �� Leader on the day�aconthty paymeats are due un�er the Note,unti2 the 1�Iflte is paid i n f u l t.a sum("F u n d s")for:(a)Yeat l l t _.___. -
<br /> ' �.,.��.�:..:.a:—..
<br /> � .. < , _.�. , taxes and asse«nts which Ruay attain griarity over this Security Ins4N�ent as a lien on the P�vFerty:(b)Yea�Y teasehold _ --.. ---
<br /> - , . ` . paymeats ar grouad rents on the-Property. if any: <c) Year1Y harard or ProP�Y ��e Premiams: (�Yearly Qend —
<br /> . ' iasuiance premiams.Bf any: (e)YearlY mo�ge insutaace piemiums,if any; aad(�any sums payabls by Bomnwer w
<br />".'r ... " � .. ' ' Lender.in acxordaace wiW the pmvisians of ParagraPh S.in lieu of tiie paymeait of mortgags in�ans��. These
<br /> • . �, . . items are called"Esaow Items." Lender may,at aay time.collect�d ttold E�mds itt aa amonnt not to ea[oeed the ma�c�mum �
<br /> � amoara a lender far a federally cetated iaortgage laan may require for Borrowe�s escmw accunnt ander tlie federal R�sl
<br />- .:,;<;�;���.��.' �.. •� Fstate Setuement Prncedures Actaf 1974 as amended fram time to dme.12 U.S.C.§26U1 et seq.("RESPFi").unless aaoth�r
<br />- ';�;�zi:;{ .. � , .. law that applies to the Funds sets a tesser amo�mt If so,Leuder may.at aay dme.coltect aad hold Fuaas ia an am�nt aot w
<br /> ,,;;��' . � . - , exceed t6e lesser amount Lender may estianate the amount of�nds due un tbe basis of c�unent data and reasona6Ie
<br /> ':f'��. . � estimatesaf e�deta�es of fuuue Fscrow Ytcros or otherarise in accordance wtrh applicable law. ' . : , ,
<br /> � , The Funds sliall be held'm an iastitution whose deposits ate insured by a federal agency. instrumeatality.oF e�ty
<br /> " ` • ` (inclu�ing Lender,if l.ender is such an iastitufiop)cr in any Fedetal Iiome Loan Baak. Leader shaU appiy tlie Fimds to P�Y
<br /> - the Fscrow Items. L.end+et may nat charge Bormcver for holding and a�plyin�the P�mds,a�aalty anatyziu8 the escmR'
<br /> - ' � account,or verifjring the Escmw Items,uatess 4.�er pays Horrower inte�t on the Fimds and agplicable Iaw permits
<br /> • I,ender w make such a charge. Howe�et,L��cc�ay require Borrower to��a�e-rime charge for an indepeadeut�al
<br /> � • • • estate tax reporting secvice used by Il.c-�3er in connection with this toan,anIess�-piicable Iaw Qrovides othetwise. Un2ess aa�
<br /> • agree�is made or applicable ta�•r�r�res interest to be paid,�ader shaU aos 6e teolui�ed to pay Borrower any interest or
<br /> . _.' ';.,<` --'.. eamia�se:a tbe Funds. Bo�sower�n�f��de�may agree in wnr•.r�,C.•owever,t�i inten�st shall be paid on thc Amds.•I.ender •
<br /> .;,,;:: . � .• shal]give to Bormwer..without cha.`�,�aonual accoanting of the Funds,s}��ing credits and debits w tbe Fuads and the
<br /> �,���; .': ' pu*Pose far which eac�Lebit to die F'un�s was m�. The Fimds are pledged;�,addaaanal security for all sums seciaed bY . —
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<br /> ,;�r,�,,,•. „ , If d�e Funds held by Lender e�rxed tbe amounts perrniued to be held by applicable law,LeAder shall accouat i�
<br />_ ' . .`` , • ' . ;.�;.':!:�,;: •` - Borrow�:tor the excess Funds in uecordance with the requiremeats oF applicab2e law. If ihe amoant af the�tds Itet�!�y
<br /> - .«�� �•. • '���•�(�,�;;:.;, l.ender at any tirae is not sufficient to pay the Fscrow Items whaa due.I.ender may so notify Borrower in writin$,aaci.�
<br /> j.fx?,t: �� '��"�'� ' � such rase Borrower shaU pay to Lender the am.e;.nt necessary to make up the deficiency. Boriawer shall make ttp the � o�
<br /> - ;��l;n:•• �. ' '���. • defaeacy in no more than twelve monttily paymer�ts,ai Leader's sole discretion.
<br /> � ,`•. . . . � Upon paycnent in fvll of all sums secuced by this Sewrity Insuvment,Lender shall prampdy refwu3 C*�Borrower�y
<br /> � . Ft�nds held by Lender. If,under paragraph 21,Lender shall acyuire or sell the Property,Lender.prior W the aogaisi��r
<br /> � • • • . sale of the Property,shall apply any Funds held by Lender at the time of acquisition or sale as a credit against the:r�rs —
<br /> '� • �• secured by this Security Insuumen�
<br /> ..3r��;:; �. ' 3. Appitartton of Pgyments. UnIess app:icabte law provides othem+ise.all paymeats received by Lender uad�r
<br /> .;S;r,�;..y : � � paragraphs 1 aad 2 shaU be apphed:firs�to any prepayment chazges dae undrr the Note:second,to amounts payab2e under ---
<br /> �"�iryrn' . ' paragraph 2:third,to interest due;f�urth.to priacipal due;and 1ast,to any late c�rges due under the Note. • �-'
<br /> ' :� 4. Charges;Uens. Bortower shall pay all taaes, assessments.charges, fiaes and impositions attn�ntable to the
<br /> • � • Property whicb may attain priority over this Security Instrnment,and leasehold payments or ground rents,if any. Borrowet �
<br /> ' ' . shall pay these obligations in the manner provided in,pazagraph Z,or if not paid in that maluzer.Borrower shaU pay them on �-
<br /> � ' ' , dme directly to the person owed paymen� Horrow•er.shall pmmpdy famish to Gcader aII notices of amounu to be paid under
<br /> ' � ; this payagraph. If Bomower makes thesa payments di�ectly.Borrower shalt pmnptly fumish to Lender receipts evideacing
<br /> . the paymenu.
<br /> ' : � Borrower shall prompdy discharge any lien alrich has priorcty over this Secarity lnstzumtnt anless Borrower.(a)a�ees --
<br /> . � �� ; . in writing to the payment of the obligation secured by the lien ia a manner IIcceptab2e to Lender.(b)contests in good fznii ti� �_�
<br /> ,- . . lien by.or defends against enforcement of the lien in.legal proa:vi;ngs which in the Lender's opinIon operate to prevezt 4�te ���',,;
<br /> • � enfonement of the ti�;or(c)secures fmm the hotder of the lien an ageement satisfactory to Leader snboMlnadng the lien �;:•.��4.. -
<br /> ; �v'+%�� • .. to this Security Instmment If Lender detetmines t*at any part of the Propeny K�subject to a Gen which may attain priority �_
<br /> �`'�st" . � � over Uus Securiry Instrument,Lender may give Horrower a nouce identifying�e lien. Borrowet shall satisfy Che lien or take .,�,'�°��:p:���-
<br /> � � , � one or more of the acdons set forth ab�ve within 10 days of the giving of notice. . � ' ..�
<br /> ' ' • . 5. Ha�srd or property Iasurnnce. Borrower shalt keep the�mprovemenu now exi.�ting or hereafter erecte�an Lie ,��,.y�,
<br /> � , Property insured against Ioss by fire,hazards incladed within the term"eatended coverage"aad any other hazards,inciuding . ' '`� .,
<br /> • � fioods or t2ooding,for which Lender requires insuiance. This insurance shal2 be maintained in the 2mnenu and for the .
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