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<br /> _s;.s,,;,..``,`r,.t`��;: ,r_, ` ' T()GEfHEit WITEi all the itnprovaments npw�hereafter ecected oa tt�e property.uad ali easements,epPurtenattces. � ` - -
<br /> - � ;,<< `�_• snd�fixtiues now ar hereufter a part of the progesty. All ceplacem�ata and additi�gs shaP!elso be covereA hy tlus�ecUnty
<br /> _ m��,y_..:�:,:;.� '` Ynsuau�neat A1t of the fo�go3ng is referred to in thts Seeuriry InstFUment es the"PcnpenY=Y . . �
<br /> �r��- ��'-'`: BORROWER COVENRNTS that Bormwcr is tawfi�Uy seised of the estate he�eDy wnveyed aad da�tI�n`�ht w gant �
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<br /> - �""�'.t'`� ' and convey ihe Property and that the Pcoperty.is unencumbered,except for encumbr�ces of record Bormwer warrr�uts•add '
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<br /> -6`�:,.i F Y wil}d�.feud geacrally tha dtIe to the Property against a!!sluims And demaads.subje�x to aay eu.^umanusses of r�ecord. �
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<br /> ��`s>�>: : ' •>�::�,•-�� 'THIS SECEJAITY. IId�TRiJMENT combines uniform covenants for naGonal us� apd aon-unifa�m,covenants with • �
<br /> _=�`�`"� ' ' limited variations by jnrisdictian to rnnstitute m unifoms security iasunmeat covering real pm�SeRy. , .
<br /> - ' '�� � `��� �L11VU'pltM CpVENANTS, Borrower aad Lender covehant a�td agtee s�.s follows:
<br /> =.;�j. . ��.. .
<br /> `��r-�-�--� 1. Paymeut ai Prdndpal aa8 Interest;Pregayment�d Late�C6arg�s. Borrower shatl promp3lY paY when dus tlie -
<br /> �� °T,. ,_,._: principal of aad interest on the debt evidenced by the Note and any prep�yrttent and Iatc ch9rges due under the Note.
<br /> r: � Z. Fltnds for Zhses�Ias��ac� 5ubjecc to applicable taw or m a wr'stteri�vai�er 6y Lrnder,Bonower shait pay.to � ... . _ - .-._
<br /> � .c �.` � '�, ' • Leader oa�he day monthly payruen�v are due under the Note,�nt�7 the Note is paid in fuU:a sum("Rmds")for.(o}yearly
<br /> :�:, '�,�-<� � taxes and assessments wtrich may attain priority over this Security Insteument as a lien on the Pmperty+;(b)yeatly tessehoid .
<br /> t�• � • . . paymsnts or ground rents on the Froperry.if any+: lc) Yearly hn�rd or property insurtutce premiums; (d)yearly flood ,
<br /> . -- .- iasuccince premiums.if any:te)Yearly mortgnge insurance premiums.if aay:and (fl any sara�paya6le by Bairatirer to
<br /> � `�•�� • Lender,in accordance wit�the ptovisians o�paragraph 8.in lieu of the payment ot mortga�e iusmaace premiums. These '
<br /> � ''�" . • items aze called"Escrow Items." Lender may.at any time.collect and hold Fund�in an amount aot to execed the maxlmmn �
<br /> �. .amouat a lendec for a fedemUy related mort�age toan may require for Borrower's esciow account aader the fedecal Rea1
<br /> � Estate Setttemeat Procedures Act of 197a as amended from time tn time.l2 U.S.C.¢2601 et seq.("RE$PA").uatess another
<br /> r la�v that applies to the Funds sets a tesser amount If so.Lender may,at any time.collect and hold�nds in Fw amount uot to
<br /> � ' • � . `' exce�d the tesser amounL I,.ender may esdmate the amount of Funds.dae on the basis af cumnt dau►and r�uanabl� '
<br /> :�. • estia�ates af expenditures of future Esecow Items or othenvise in aecordance with applicah2e law. --_
<br /> �� � � 'fhe i5mds shall be held in,an insam6on cvhose deposies are insured by a federai agency. insuumentaliry.or entity ==--
<br /> (inclading Leader,if Lender is such an institutinn)or in any Federal Home Loan�ank. Lender shall appiy the Funds to pay -.
<br /> ' • . the ESCrow Items. l.ender may aot charge Barrower for holding and apptying the Fuuds, annuatly analyzing the escmw ��-
<br /> � - • ' account,or verifying the�Escrow Items. unless Lender pays Borrower interest on tfle �niis and stpplicabte law permits �-�_.,1�-
<br /> :,,- - -�'���•- Lender to makc such a charge. However,l,ertder may reqnire Boirower to pay a one-rime ct�arge for au iadepeadeni re�l �'�""-`_
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<br /> esiafeia�i�reporiingsernceused"Byl:endet'iuFamiertioBwittsthiato�s.imless-applirableiaw-provides-otherwise.-�i�Jnless-an-. . -- --- ` �.-"=�-
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<br /> `�j • � agreement is made or applicable law requires interest to 6e paid.Lender shall not bc requined to pay Borrower any interest or - ;:;��;;;r,�•
<br /> 'Y•'�' zamings on the F'vnds. Borrower and Lender may agree in writing,however.that interest shall be paid on the Funds. Lender --
<br /> ;. � . . . : shall give to Borrower.without charge,an annual arcaundng of the Funds.showing crediu and debits to tke Funds aad ahe , ''��T
<br /> .... ,, putpose for which each debit to the Funds was made. 'I�e[hads aze pledged as additional seturity for all sums secured 6y =^''•�_i1��'
<br /> _ _.`. . thisSecurityinstrumen� _ ='
<br /> • • If the Funds held by Lender exceed the amounts permitted to be heid by applicable law. Lender shaU account to :' �s; `
<br /> � • � • Bormwer for the excess Funds in accacdance�vith the mqnirements of applicable law. if the amount of the Funds held by . �
<br /> '� � �.e n d e r a t a n y t i m e i s n o t s u ff i c i e n t t o p a y t h e E s c r ow[tems when due,i.ender ma y so norif y Borrower in writin g,artd,in •
<br />. .' _ . � such case Borroveer shaU pay to Lender the amount necessary to raake up the deficiency. Borrower shall make up the ' � .
<br /> :t. "� ' deficiency in no more than twelve monthly paymenu,at l.ender's sote discreuon. • � • '
<br /> ' � • Upon payment in fiill of all swns secar�ed by this Securiry Insuumen�Lender shall prompdy refnnd to Borrower any , . '?`�r,
<br /> . .� .
<br /> � . Fvnds hetd by Lender. I�under paragraph 2l.Lender shall acquire or sell the Property.Leader,prior to the acquisition or .
<br /> . �� ' sale of the Properiy,shall apply any Punds held by Lender at the time of acquisition or snte as a credit a,g�t the sums : `i-��
<br />_ secured by this Securiry Instrumen� , ;. ��
<br /> . � � 3. Appiie�8on of Payments. Untess applicable law provides otherwise,all paymeats ceceived by I.ender under - :-- - �; =-
<br /> . . . ' , paragraphs 1 and 2 shall be applied:firs�to any pt�payment charges due under the Note;second,to amounts payable under ' � : � �.
<br /> . y paragraph 2;third.to interest due;fourth,to princiQal due:and las�to any late charges due nnder the Note. •�s•� '
<br /> - , 4. Cdaeges; Llens. Borrower shall pay all taxes.assessments.charges, fines and impositions ataibntable to the '.,���-,,�
<br /> : � � . ' Property which may attain prioriry over this Security Instrumen�and leasehoid paymenu or ground rents.if any. Borrower �• �'� .
<br /> ;•• • • - . _ _ shall pay these obligations in the manner gmvided in paragraph 2,or if not paid in that manner,Borrower shall pay them on � . .,,' �
<br /> _- _-_� ^ time dinectly to the person owed paymea� Borrower shall promptly fumish to Lender all norices of amounts to be paid under � � •
<br /> '.' this paragraph. If Borrower makes these payments direcdy.Borrower shall promptly fumish to LenQer mceipts evidencing , . •
<br />;.; . • �' thepayments. -.
<br />'� ' .� .•f � Borrower shall promptly discharge any lien which has prioriry aver ttris Securiry Insuument unless Borrower.(a)agees • �� �' �` •;��
<br /> . in wriAng to the payment of the obligauon secumd by the lien in a manner acceptable to Lender.(b)contests in gaod faith the . . �:�;.. .
<br /> � � �.�" lien by,or defends against enforcement of the lien in.legal proceedings which in the Lender's opinion operate to prevent the �; � •
<br /> � . '. enforcem�nt of the lien:or(c)secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien ' . • . .
<br /> . , _ . to this Security InstrumenG If Lender detemtines that any part of the Property is subject to a lien which may attain paority
<br /> ' over this Secwiry Insuument,Lender may give Borrower a notice identifying th:lien. Botrower shall satisfy the tien or take • • i, .
<br /> -..�+: : '. • . one or more of the actions set fortf�above within 10 days of the giving of nouce. , ' � :
<br />- . . 5. Ha�rd or Property Insurance. Borrower shall keep the improvements now eaisdn&or hereafrer eretted on the „ . ,
<br /> - � Property uisured against loss by fire.hazards inciaded within the term"extended covecage"and any other ha2ards.including , � .
<br /> �' • floods or flooding,for which Lender requires insurance. This insurance shail be maintained in the amounts and for the � � � .
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