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<br /> _ ' .. ..::� , ( TQ(3ET'H�R WlTH all the improvemeats now or hereafter er�ected on the property,and all psements.aPPiutertanxs.and �q„�_---
<br /> ar} � ' `�' `' ��.,, � fixtures naia or liereatter a part oF tts� property. EUl replacements and additions shall aLso ba covered by this Security �� =- .
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<br /> r ._,t :. �. Instcurnent.All of the fomgoiag is referred to in this Securiry Inst�ument as the•Property." __ ��
<br /> �, <��'��",: � , BORROWER COVENANTS t�at Borrower is laufiilty seised of the estate hereby conveyed and has tlte n�ht tu gtatit und =_ -
<br /> conve che Pro ���"� �--
<br /> ,.� y gerty and that the Pro�rty is anensumbered, except for encnmbtanoes of tecord. Barrocver�vanants and c�iU . �
<br /> def�nd.generatly t1�tide to the Piaperty against alt claims and demands.subject to any encumbrances of record. �`="' —
<br /> . � THIS SECURITY INS'TRUMENT c4ombines uniform cavenants for national use and non uniform cavenants with limited �-°"'"�"��=R --
<br /> . - — variatioas nrisdctian to oonstitate a�form s insuume�it coverin real ro � �•'`„�� -�—`=J_ .
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<br /> � � • � [JNIFORM CO`TENANTS.Barrower aad I.ender covenant and a�ree as fallows: � � � �m-x - __
<br /> '` '� -�_. , l. Payment og Psimr.ipa{and Ini�est; PreRal+m�t snd Late Chaagcs. Eorrower shatl promptly pay when due the -
<br /> •� '� ;';-, } principal of and interest on the debt evidenced by the Nate and any prepayment and late charges due under the Note. --
<br /> �s`�,�����•- ' . I 2.F�m�ds for Taaes and Insvrance.Subject w applicable law or to a written waiver 6y I.ender. Borrovret shall pay to• •��
<br /> �� �•.. -��' ` • I.ender on the day mondily payments are due under ihe Note.until the Note is paid in full.a sum("Funds")for.(a)yearly t�es _—
<br /> :�.'° �' and asse�nents which ma auain riori over t6is Securi Instiumeat as a lien on the Pro rt}+:(b)yearly teasehold a erits ��
<br /> _ : _;:;,,,:.;'' . ; f Y P t3+ tI+ , P� P 5'm
<br /> _- . • � ,. ; or groun�nnts on the Ptoperty,if any:(c)Yearty hazard or property insurartce premiums:(d)Y�ariY tlood ias�sance premiums,
<br /> �:`_:.".::•� ..;'�,.�, i if any:(e)Yearly mortgage insUrance premiums,if any;and(�anY su�s PaYable by Boaower to�end�r,in accardance wit6 �,
<br /> � � � ( the pmvisions of patagraph 8,in lieu nf the payment of mongage insurance premiums.Tti�.se items are called°Fscrow Items." �_
<br /> �`'� � ` ' Lender may. a�azry time,culteci and hotd Funds in an aRCOant not to�ceed the maximum aAwunt a lender for a federally
<br />',�"';���� ��, . � �- t relfued mort
<br /> gage lorui may requirz for Borrower's escrow account under the federal Real Estate Settleruent Procedures Act of
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<br /> ►'°:: • :�'•� 1974 as amended from time to wne, 12 U.S.G Section 2601 et seq. ("RESPA°).unless aaother law that�ap�lies to the Funds -
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<br /> - ;:�, , ., �:�,_� sets a lesser amount. If so. Lender may> at any ame,wllect and hold Funds in an amonnt not to exceed the lesses araovni. �„�,�,�
<br /> ' '' " I.eader me c�imate the amonni of Fau�s due on the basis of curnnt data and reasanahte esti�ates of ea tures of fucace
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<br /> , Escrow�ICeais o"r oUierivise in accoi�dance anfli applicable law.- . _._. . �... .__.._...._. _. .. .. _. __...--.-- .--.- .
<br /> � `� The Fund.s shaU be held in an institution whe�deposits are inswEd by a federat agency. instrumentaliry, or entity
<br /> � , ' .',•4,�;'.�r�# (including i.ender.if Lender is su�:h an institution)or�:.�y Federai Home Laan Bank I.endrx shall apply the Funds to pay the �
<br /> � •';i::::`�. F scmw Items_L e n der may not c harge Borrower fon c�s�*�g and applying the Funds,a.-utuatiy aualyzing the escrow accoun t,oi ---
<br /> ' ""'' '�%;"�'!<`�` verifyring the Escrow Items.unless Lender pays Borrow�inteeest on the Funds and app:cable�aw permits.I.ender to make such . ���
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<br /> •..,,,..,,:..�,, .. a charge.H�wever.Lea�es:nay require Borrower to Fay a one-time charge for ag independent real estate tax reporting service .
<br /> '' '�'��''�� used by I.eQder in cc�s�ion with this loan, unless applicable law provides otherwise. Unless an agreement is made or _"
<br /> .�r�� �� applicable IaEV requires interest to be paid,Lender shall not be required to pay Borrower any inierest or eamings on the Funds. ��
<br /> .. _ Barrower ausfi Lender may agree in wridng,tiowever,that interest shaU be paid on the Funds. Lender shall give to Bortower. ��•
<br /> ' . ., . without charge, an annual accounting of the Funds, shotiving credits and debits to ehe Funds and the purpose for which each
<br /> � . debit ta the Funds was made.The Funds are pled6ed as additional securi[y for all sums secured by this Security Instrument. �
<br /> . . � � �� If the Funds held by L.ender exceed the amounts permitted to be held by applicabte la�v,Lender shall accannt to Borrower
<br /> : � � for the excess Funds in accordance with the requiremenu of applicable faw. if the amount of the Funds hetd Dy l.ender at any •r;s :
<br /> _ , .� � time is not sufficient to pay the Escrow Itetns whon due.Lender�y so notify Borro�ver in writing,and,in such case Bormwer r
<br /> . ' � . ' shall pay to Lender the amount necessary to make up the deficiency: Borrower shall make up the deficiency in no more than � ;
<br /> ' � � twelve monthly payments,at Lender s solc discretion. {'::
<br /> ' . " � , �Tpon payment in PoII of all sums secured by [his Security Instrument. Lender shall prompdy refund to Borrower any y�
<br />- � Funds hetd by Lender.If,undcr paragr�ph 21.Lender shall acquire or sell the Property.l.ender,prior ro tha aca�uisition or sate � ``-
<br /> ��7 � of the Properry,shali appty any Funds held by Lender at the time of acquisition or sale as a credit against the sums secured by �� �'`�
<br /> - .. this Sea�rity Instrument. = v���
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<br />-__ -=_ �,� ;�� 3.ApplteatFan ot Payments.vnless applicaeie law provides otherwise.al!payments received by Lender under paragrapks - . --
<br /> '��? = 1 and 2 shall be apptie�:first.to any prepayment charges dae under ehe Note:second.to amounts payable under paragraph 2: `� �� �=_
<br /> . ���_
<br /> ��`.• .. . third,tA interest cWe:fourth.co principal due:and last,to any late charges due under the Note. • ~`���
<br /> �' � ' 4.Cha�g�; LEer�s.Borrower shall pay all taxes,ass�ssmenu.charges, fines and impositions attributable to the Property � `f' ���
<br /> s y.i '_ :�
<br />� ' which may attain priority over this Securiry Instrument,and leasehold payments or ground rents,if any. Borrower sha11 pay •���,�� ,. : �•_
<br /> _ �: _:
<br /> - • these obligations in the manner provided in paragraph 2,or if not paid in that manner.Borrawer shall pay them on pme direcily • '�: . -�-�'-
<br /> ��.. ' • :� . i,`..
<br /> . • to the rson owed a ment.Borrower shalt mm t1 fumish to l.ender all natices of amounu to Be aid under this ara h. •';.•�
<br /> _ Pe P Y P P Y P P 8�P . .;�.�. �., :_
<br /> _ . . ° if Borrower rnakes these payments directly.Borrower shall promptly fumish ta I.ender receipts evidencing the payments. ' , --
<br /> , Bonowrr shall�promptiy discharge any lien which ha�priority over this Security Instrument unless Borrower:(a)agrees in ; . , ;,:�
<br /> `�` ,� wri6n to tL+� ment of the obli ation secured b the lien in a manner acc table to Lender;(b)cantesu in ood faith ihe lien• �
<br />_ ==�,���••. . � 8 PaY S Y �P S • , .j
<br /> �;���_ '.,.• by. or defeads against enforcement of the lien in, legal proceedings which in the Lender s opinion operate to prevent the
<br />`.:�;it:- •� . enforcement of th�lien;or(cy secures from the holder af the lien an agreement satisfactory to l..ender subordinating thc lien to • � -� •:r
<br /> ` � T':. _ tivs Secudry lnstrument. lf Lender detemvnes that any part of the Praperty is subject to a lien�vhich may attain prioriry over . ;.
<br /> '��'� � �'• �• this Securiry insuvment,Lender may give Borrower a notice identifying the lien.Bonower shall satisfy the lien or take one or � •
<br /> _ ..,4�' 5.:- .
<br /> ��'_�' ,;�:'_� , more of the actions set forth above within 10 days of the giving of notice. . � .� � '
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