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<br /> TOd�TF�R WI'THf all thc improvc.ments now on c�rcafter crcc:tcd on thc prop�rty,anA nll cnscmenu,nnpurtcnunces,und �
<br /> ��'.. ' , E'utures now or hereafter e part of the property.All replacements and addidons shell el�o bo coveesd by this 3cturity instrument. I '
<br /> � All of Ihe foregotng ls refened w In thi.9 Security Instrument us lho"Property:' ' •
<br /> ; ,� BORFtOW6[t COVE1VRPi'CS that&orrower is lawfully sciscd of thc asu►tc hercby convcycd arid has tkic right w grant und -
<br /> . convey tho Property anA that the I'roperty is unencumberod, except for encumbrancea of record. Boaower wnm�t�nnd will
<br /> � -'"- defend genc.ralty th�ddc to the Property against 311 claims and demstnds,sub}ect to ro�y encumbrances of record. r
<br /> .' "`;''�� TI�IIS SECUIt1TY INSTRUNI�NT combines uniform covenants for naponal use end non•unifomti cavenanGS wlth limited �� " ,
<br /> ' variations by jurlsdlcHon to consq�w a unlform socurity instrument r,ovcring real property.
<br /> UMFORM COV�NANTS.Borrower und Lender covcnant und ogree.�s follaws: . . -
<br /> '� 1.PaymeAt of YrincipAl ond Iateresh Arepayts�ent and l.ate Charges. Dorrowcr shsdl promptiy pay �vhen dua the �
<br /> . principal of and interest on�he debt evidenced by�►e Noto and any pnpayment cmd lAte chsuges due nnder the Note. • „
<br /> .. ' 2.�und�tdr Tnxes and Insurauce. SubJcct to a�splicable taw or to a written wr►ivcr by Lcndcr, Bomnwca shall pay to • �
<br /> � L.cccder on thc day monthly payments are due under the Note,undl thc Note is paid in fuU,�sum("Funds")for:(a)yt�arly t,txes . .
<br /> ar�d assessmcnts which may anaIn priority ovcr ehis Sccurity Insttumc�nt as�lien on the PropGrty:(b)yearly leasehold payments ,;�„�,,��-'-`"�
<br /> �..` ' or ground rents on tho Propecty,if any;(c)Yearly hazard or prope,rty insurancc:premiums;(d)Ycarly flaod insurance premiums.if ' ;�;'i���'�`—=-
<br /> -- any: (e)Yearly moitqaRe irtsurance premiums.if any:nnd(�nny swns payable by Hon�wer to Lender.in accordanco witfi the [ ''� '_-�-��
<br /> `� provisions of paragreph 8, in Iicu of thc payment of mortga,a,c insuranca premiums. Thesc items are��alled "F.sc:row ItemS" .""'�f�'"°_�=-
<br /> �� Lendcr may,at eny dme,collect and hold�unds in an amatmt not to exceed the rrwximwn ammutt a lender for a fedcrally relatsd =`��
<br /> mortgage fra;,� may require far Boirower's escxow account unde�ths�federnl Real Estace Settlement Procedures Act of 1974 as �;. :�'-'---
<br /> , ;�_�� �IIlCIIdC[I frnm fi�nR(n rimP� t?U.�.C.�:,:�an 2fi91 et seq. (,�RESNR►")�unless another law that sppGcs ta the Futxis se�s u 1�,SSer _�..�?��--. �-
<br /> , amount If so. Lender may, at any tima,coUer:R and �uld Funds In an amount nat to exceed the lesses sunoant. Lender may .���y"�`_--
<br /> {a.,�11..�:.-. ..�
<br /> , ° ' � estimate the amount of Funds due on tha bs►Qie of cusrP.nt data and reasonaUle asGmates of eapenditures of futune Escrow Items or ��`'--
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<br /> . .. .� otheiw.isa in accordance with applicablo law. j;�.ta^ra--: _
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<br /> � 'itie Funds shall be held in an insati�tian whocr,depusits�xa in����:rl by a fcdcral agency,instn�mentaIIty,or entity(including �'���
<br /> �� Lender if Lender is such an instiwppn or in n Pe� lffo t, sn Hank. Lender shell 1 the Fund9 �'='�".` . -----
<br /> , . ) R y �csnl m I.c aPP Y . to pay[he Escrow
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<br /> , . Items.I.ender may not cherge Horrowcr for holdin(S�nd npplying the Funds,t�nnunUy analyzing the escrow accaunt,or vuifying -
<br /> � _ ' the Escrow Items, unless Lender pays Bonowea iatcre.ft on tho Funds and applicable law permits Lender ta make such a charQC.
<br />. • - Howevca, Lcnder m3y requirc Horrnwca to pay a one•tima chargs f.�r an independent�eal eswte�tx repo�tin�service used by
<br /> , ` �'� Lender ui oc�nnection with this lotu�,unlnsa Applicabla law pmvfd� cue,�wise.Unless an agreemcnt is made ur app�icabb law
<br /> ��,�;';' , requires inter�sz to be pald.Lendcr sh�1D r.�ot bo requim.tl to�ay Barrawu any interest or camings oa the Funds.Borrower and
<br /> ;i°.�'�•' ;',t;::-,;;'y L.c,nder n�y�ea in writinQ,howcvcr.:`�At intGr�sst.st�ll bp pald on the Funds.Len�er shall give to Bomnwer,without charge,an
<br /> ',;; ' ' ��°";ti`% •• unnual eccovnting of the Y�-r��ds,showing creditfl atxl debita to the Funds and the�,upose for which each debit to the Fl�nds was -•
<br />_',`,f��� • . ;,:;;R�11� made.The Fund4 are pledged as additIunal securir�+for aU tums secured by this Security Ins�unen� �A
<br />- , �� �,� If the Fvnds held by Lender excecd U►o avno�mte�artnitt�cl to ba held by npplicable l�w,L,ender shall account w Borrowu�or
<br /> • " the cxcess Funds ua accordance with tha reguiremcn��of upplic.�tbla law.If the amount of the Funds held by Lcnder at any time is ' '��
<br />- ,, .. �I not sufficient to pay the F,scrow Items when dun,I.ensi�r may£o natify Borrower in writing,�nd,in such casc Borrowcr shall pay ��'F�'" '
<br /> �� to Lender the amount necessary to muko up tha det7cir.r�cy. Bonower shall make up the deficiency in no more than twelve ' ,r LL�_`' ,
<br /> mond�ly payments.atLcnder's sole dlscredon. �
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<br /> • Upon payment in full of all sums secuccd by this Security Iarr�umen�I.cndcr shall prompdy refund to Borrower any Funds •�° ;�+• -----
<br /> ° a lield by I.ender.If. under paragraph 21,Lcnd�r shaU n uirs�r seU �i3e Pro L.endcr.prior to the '� �����'
<br /> cq perty, acquisition or sale of the ti�'�;
<br /> • Property,shall apply any Funds helA by I.cnder at tha uma of acquiaiaon or sale as u cmdit sgainst d�e sums sccund by this ' " �:�_��r�
<br />- . �: Sccurity Instntmenx. � . �:,'�,��"-'.�. --
<br />- .y 3.Applkation of Psyan�b. Unlass egpGcablc lazv ganvides othenvise,all payments c�eceived by Lend�r undcr parag�aphs ��
<br />- �~ � l and 2 shall Ue Ged: first, any prepayme�t ct�ar es duo under the Note:sc;cond to arnounts a uble under �
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<br /> , ;;�� third.to ins�esi due:fourth.w principal duo:and lnst,to uny late cl�es due under the Note. ' ...�;,,�� ,
<br /> ' � 4.C��eeygss;Lieoa IIorrower shall pay all taxes,essessme.nt�, chargcs, fines and impositions anributablc to thc Property ' -��:�`"
<br /> , `I which may attaln'priority over this Socurity Iastzumer.�,asd Ics�schold payments or�ound rentn,if any.Borrowes shall pay the.�c � �
<br /> - � obl�gations in the manner provided in parA�rnph 2,or�.f not paid in that manner,Borrower shall pay them on tuc,e direcdy to the �
<br /> _ person nwcd paymEnG Bomowcr shail ��mptly furnish to Lcnder aU aoticcs of amounts to be paid undcr this para�aph. If
<br />_ . ''.,:,`;�r�, Borro�ver m�kes thesa payments direc�ly,L£es7ower shall prompUy fur�vish to Lender receipts ovidencuig the pAyments. '
<br />__ „ Horrowcr sh�tl prompdy dischaage k�y IIen whi�t�hng priority over tht9 Sccurity Instrumcnt unlcss Borrower: (a)agnecs in
<br />_ , �ridng to the payment of the obligatian securod by Wo lica in n mannet acceptable to Lender,(b)contcsts in goad faith tha lien '
<br /> u,�,ar defcnds egainst cnforccment of tha lic� in, Zege.1 prnr.cedings which in tho Lender's opinion aperate W pmvcnt the '�-�•
<br />_ - enfrn�sGn�.�t of tho lien;or(c) secums from thn hald:•r of�to licn an agccement satisfxtory to I.ender subordinating thc lien ta �''`
<br /> , this Sacnri.ry InstrumenG If Lender deu�..m�inas Uu�:any pan of tha Prorierty is subject to a lien which may atrain priority over this � '
<br /> Seeucity Ins�ument,Lender m.1y give Honocver a notiae identifying tl:c lien.Borrawer shall satisfy tho lien or tako one or more � � �
<br /> of the c�caans set forth ebove within 10 days of tha�vinE of notice. � �
<br /> , Form aase o�eo ,.
<br /> ` �'6Y{NE7�oa�si Pep�2ofE inWa�r . I
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