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<br /> � „ � r . TOGE'THER WI'I'H ail the improvemenu now oz hereafter etected on the pmpertY, :���� ,� •
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<br /> ,,',••'� . , . . ' lzremeems and a�d�a�s � �� be oovered by this Securiry �=���•_
<br />;.� ,, . fixtures no�v or hereatter a pait of the property. All rep � � ��y�"��_-_
<br />, _,., y' ::t"�.4` Instrument.A11 of the fdregoiag is referre�to in tfiis SecuritY Insuumen4 as the"PrapertY- , �.;"=-�
<br /> � ' � BORROWER CUVENAN[5 that Borrower is IawfuUy seised of the estate hereby comeyed and has.the ri�ht to giaat aad �� � ---_
<br /> . . ' convey the Froperty ana that the Property is unencumbered. except for encumbr3nces af rpcord. �°�°W������lt ��__--
<br /> ' ' � � . de f e n d ge n e±a lly t he ti d e t o t h e P r o p e E t y a gainst all claims and demands.subjert to any eIICnmhrances of reoord. ��-�
<br /> � �,. 'fHIS SECiTRITY INSIRUMENT combines vniforni cavenaats for natio�al use and uon-uniform covenants wi t h l i m i t e�! �-�,`��
<br /> - ,...� �- real praperty. . �= =--=
<br /> ., variations by jurisdiction to constitute a uaiform securiry instrument covering . ��
<br /> UNIFORM COVENANTS.Borrower and t�nder ooveuant and agree as follovus: a �n��e —
<br /> ;• ` . . l. Payment o�Priadp�l aad Interest; PreDaSm�aad Late Chati'ges.�rrower shall gmA►P�Y P Y --
<br />:°i��.'�` , principal af and interest an the debt evidenced by the Hote and any PTePaYt°.e°t and late charges due under the Note. _
<br /> ' Z,�ds for Taxes and Ias�raacp•Subject to applicable law or to a wcitten waiver by I:endes, Borsower shaii PaY to
<br /> �..�� • Leader on the day monthly paymenss are due unde�the Nate,until�1►e Note is paid in fuql.a sum("Funds"}for(a)Ye�Y��
<br /> • ' and assessments wl�ch may attain prioritg over this Sesurity Instrament as a lien on the Prnperty:(b)Yearly teasehotd payments
<br /> "�' .; � �- �ance premiums;(d)YeadY fload insurance preminms.
<br /> " . ' or ground rents on the F m Perty.if any;(c)Year1Y ha�ard or property�
<br /> ran
<br /> � if an}+;(e?Y�Y mortgage iasurance premiums, if any; and(�anY sums payable by Borcower w Lender,in accordsnce with
<br /> �� � } h 8.in lieu of the payment of mortgage insurance premiumg.'t'hese items are ra2led°Es�*o�`�Ite°°S•«
<br /> < , • , ; the provisions of paragrap
<br />•:z• • . " Lender may.at any time.collecc and hald Fands in an amount not to exceed the maximum amount•a lender for a fedeiaZIy
<br /> �. ; ..,.. • n�ated mortgage taan may require for Borrower's esccow account under che federal Real Fstatc Seta�t Pr����Act of .
<br /> �: 1974 as ainsnded from time to time. 22 IJ.S.C.Section 2601 et seq. ("RESPA'}. untess another Iaw tbat apglies to the Funds
<br />'';}�� _�: �� ' 'sets a lesser amouni. If so, I.ender u�ay,at anY dme, r,ollect and hold Funds in an amonnt aot w exceed the lesser amount. '
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<br /> - � . -- -� -�� I.ender-may esrimate.she_amQUnt of.Funds due on the basis of cvrrent data aud reasonabte estimaLes of expendatares cf future
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<br /> • • . • Escrow Items or otherwise in accordance with aPplicabie law.
<br /> • � ' T6c Funds shall be held in an iastitation whose deposiu are ins� by a federal agency. insaumeaitalitY• or enrity
<br /> ' • . ' {including Lender.if Lender is such an insritutidn)or in any Fed�al Aome Loan Bantc•Lender shal!appl�ee�Funds��P nYt�
<br /> .. . ... . � �'� Funds, lY analYT�ng
<br /> Fscrow Items.I.endar may not charge Boaower for hotding and appiying ihe ��
<br />� ...- . ' - _ verifying the Fsccow Items.unless i.ender pays Borrower interest on the Fuads and applxcable law permits 1-enasr to�Ice such
<br /> • ' � a charge.However.Lender may require Boaower to pay a one-time ci�arge for an independent reai estate tax repurting seNice a�,��-y-.-_
<br /> � �ised by Lender in connection with this toan, untess applicabte law pra4ides otherwise. Unless si+agreemem.�s made or
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<br /> � " .. applicable!aw requires interest to be paid.Lender shall not be required to pay Borrower any interest oT eamings on the Funds. -
<br /> Borrower and Lender may agree in writing,however,that interess shall be paid on the Fands.I.ender shaU give to Borcower.
<br /> , � without charge, an annual acconntia�of the Funds,st►owing credits and debits to the Funds and the purpose for nhich each �:;�.
<br /> �
<br /> ,. debit to the Funds was made.The Funds are pledged as additianal securiry for all sums secured by this Security Insuument. �, ,,;.
<br /> ' licable law. I.ender s1�a11 aceount to Borrower
<br /> - If the Funds he13 by Lender excezd the an►oants permitted to be held by app' .�,_
<br /> for the excess Funds in accordance with the requiremenu of applicable law.If the amount of the Funds hetd by Lender at any �.`--
<br /> ' � 6me is not sufficient to pay the Fscrow Items when due.I.ender may so norify Bosrower in writing,and,in such case Boaower �_-
<br /> ' • � � shall pay to I.ender[he amount necessary to make up the defciency. Boaower shall malce up the deficiency in no more than ,: .'__
<br /> � ' � twelve monthly payments,at Lender's sole discretinn � �`--°_
<br /> • � ' IIpon paymcnt in full of all sums secured by this Security Instrument,Lender shafl promptiy r�fund tu Borrower any . >.'�_.
<br /> :••, � nor to the a uisition or sale �;'+.�=�`
<br />� �;��'��°'":'' " Funds held by Lender.If.under paragraph 21.Lender shap acquire or setl the Property.Lender.p ' �9 _
<br /> ' • of the Property,shall apply any Funds held by Lender at the time of acquisition or sale as a credit a�ainst the sums secured by .,�.�
<br /> , '� ' ' ri Instrument. �:./ —
<br /> Y,;.:�:._._,..°.'.., . this Secu ty _
<br /> ' ��"="'� ` ' �' 3.Applicatton ot Paymeats.Unless applicable!aw providCs otherwise.all payments received by l.ender under paragrapiis
<br /> "' •� ' � ' 1 and 2 shall be applied:fust.to arry PrePayment cfiarges due under the Note:second,to amounts payable under paragraph 2; —_
<br /> :; ' � � third,to interest due: fourth.to principal due:and last.to any late charges due under the Note.
<br /> . • . � � 4,Charges;I.�eris.Borrawer shall pay all taxes. assessmenu, charges. fines and imposltians attributable to the Property _�_
<br /> � which may attain priority over this Security Instrument.and leasehold payments or graund.�ents,if any. Borrower sha11 pay __ _ ��_
<br /> � � � � .• these obligauons in the manner provided in paragraph 2,or if not paid in ttiat manner. Bonower shall pay thein on time dir�ctly . ..�....�.�.
<br /> � ' •• � � to the person owed payment.Bonower shall promptly fumish to Lender all notices of amounts'to be paid under this pazagraph. �:�
<br /> ��� ' � . If Borrower malces these payments disectly.Bortower shall promptly fumish to Lender receipu evid i r:ng the payments. „_,.,•'.:
<br />"•�' � - • : Sorrower shall promptly discharge any lien which has prionty over this Security lnstrument uness Bonower:(a)agrees in `,,::
<br />-�,��� :. . . . . writing to the payment of the obligatian secured by the lien in a manner acceptable to L.er.der;(b)contests in good faith the lien :_�,� ;
<br /> .. . . , � by.or defends against enforcement of the lien in, legal proceedings which in the Lender's opinion operate to prevent the
<br /> ' �•:•
<br /> � � enforcement of the lien•or(c)secures from the holder of the lien an agreement satisfactory to 1.ender subordinating the lien to
<br /> ..Y� .
<br /> . " • this Security Instcument. If Lender determines that any part of the Properry is subject to a lien which may attain priority over .
<br /> �' � • - � this S:curity Instrument.Lender may give Borrower a notice identifying the lien.Borrower shall satisfy the lien or take one or
<br />::�'�;: , ,� �
<br /> `="'"'3��" � � � more af the actions set forth above within 10 days of the�iving of notice.
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