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<br /> , 'AOli�'I'k�R WI'TH all the impcovurxnts mw on c�rcuQ�er crcctccl or� tha prqperty,
<br /> .. •� fi�ccurc�now or hereaftu n part of the property.,All reptaccmcnt9 nnd acidlr3��i�s slu�ll nle,a�cavrred by this Security Instrumcnt.
<br /> . . � All af thcs foregoing is refemd to in this�ecusity insu�urie:u�;s Uia"Fr�::ny." � `�
<br /> ' BORROWER COVENANTS�hat Horrowcr is tawfulty seistd of thn estata trem.by convcryed and has the right to grant a�d _
<br /> convey �hc Property ond lhat the Frope,�ty is une�cnmbeted. except fox encnmfx,mGns of re�ord. Ba�aer weaants and wiU I °"
<br /> ' defend generatly the d�le a the property agelnst ss�l claims and demnnds,subj�t en nny encumP�rances of record. •
<br /> � '" THIS SECURITY INSTRUMHNT combirrrg unifoim covananis fox nada�ial usc+and t�t�•unifam� covcnants with limir.�d �
<br /> ' veriations by jurisdiction to constimGe a uniform sccurity instxurncnt c:ovca�rc�at pro�etty I _
<br /> llMPDRM COV6i�itANTS.Borrower ancf�ideP cave,�ent ead tigec.:ns fo�l,av�a ,
<br /> 1.Paymeat of Principal and Intcresi;Pre�wymcnt And I.Atc Chwrgea. Basmav�cs s�rail promP�Y PaY when due the i .
<br /> principal of and interest on the debt evidenced by the Nate nnd any prepayment nad latn char�/:a due under the Notc. ,
<br /> 2.Eunds for Taxes and Insurax�ce. Subj�:t to upplicablr. 4�sw or to n writu:n w�iv�ts��y Lender, Borrower shail pay to
<br /> Ler►dcr on the day moathlY paYm;nts azc:clue under thc Note,until rh¢N�u:is paid iaa Lt�JJ.a r,um("Funds")for:(a)yearly�cs I -
<br /> ,,� �• . and auesstnents which may attain priarity ov�r this Sc�urity Insqumcnt as n licn cvr.thn Pa��{mrcy:(6)Year1Y��a�ehold paymcnis .
<br /> .� . 1 ar grouad re�ts on the Pi'nlxaY.if any:(c)Yearly hazard or PropertY instuanca premium�►;f�[1 Ye2rly fload insurance premiums.ff �
<br /> ., -� any:(e)Yearly mostgage incuranca premiuma,if nny:end(� any sums payttbl�f by klcicr,�vrc+r to Lender.in accordance wi�h Ei�e . ,.�..�,
<br /> �. • provl�ioe�s of paragraph �. in lleu of the pti ment of c insur.�ncn miumtt.'�ese items aze called"Fscrow Itema" ,.
<br /> Y �E�b Prr ,-�,..�.r�?:==:.
<br /> ;'�, Lender mny,at ony timeme,collect aa►d hold Fuz�ds in an nmaunt noc[n cxcood th�mru�imnm arn�unt a Iender for a federally relatccl • . ..,�
<br /> �' moctae¢e loan may reauire for Borrower's�,�scrow acooun�under the fealernl�t�tl hlstzin Sattfcment Procedums Act of 1974 � .
<br /> , an�e,nded from time to 6m�.12 U.S.C.Soctic;m 2bUl er seq. ('.RE�PA").antGM unothcr ln�v tlkat npplies tn the Funds sets a lessrr A .."_
<br /> • amoun� If so� Lea�dex may�ae any time,cr�lloc6 and t,old Funds in t►n funount nat to excfrrd the les9er amoun�L.e�ndel may .
<br /> � estimate the amount of Funds due on the baxis of cuncnt data nnd ra3sannble rsromntt��of ea�xndinucs of futuce Escrow ltems or . �ti�.'_ :
<br /> � � otherwise in occordance with a�vplicable lat�. ��:-
<br /> '� y 'R�e Fw�Ls shall bc held in an institudor.h whosc deposits are insiued by a feclarni ngan�y�, instrumenmlity,or enury{including , t; . �
<br />: . L,eMler�if Lenckr is such an insptution)or in any Federal Hame Laare Battk. Lead�r�hall ayply the Fu�s to�ay the Fscrow '� '; �_
<br /> " Itetns.Lei�Ger may not charge Barrower fox holding s►nd applyinB the Fun�ls,annunlly nnntyr.i�r:B the escrow�count,ar verifying
<br /> 1 the Escrow Itcros,un{ess I.cndcr pays Borrc�wcr int�mst on the C'unds unA r�ppur.nbie iaw F.erm�irs i.ender io c�a�CC suc;�a ct„��e. ------"`� _
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<br /> 1 However.Leader may require Bomower to pay a one-time charge for an independnnt xettl�t;t,�te tu rcporting service used by .,� �
<br /> I Le�ader in�connaction with this loan,unl�:s applicable law provides otherwise.Unlnas an��mr.ment is made or epplicabb law t
<br /> 1 requires interest tn be paid,Lender shall�FOt be requimd to Fay F�orrawcr�wy intr,rr�R ca�c��n�inas on the Funds.Boirower and o'
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<br /> L,en�et may agrroe in wtiring,however.that inteaest shaU 6c paid on the Fus�ds. Lendar shall Qi.ve to Boimv�er,without charge,an
<br /> annual accounting of the Fw�ds,showing�redits and dcbits to the Funcl.s aAd f�7o pUl'[i06�.'fAe wtuch each�it t�the Flinds was � :
<br /> marle.'R�c Funds are pkdg�d�s edditi�onal�xurity for nU sums secured by this Sceurity Inainrrnent . ,
<br /> " If the Funds held by I.ender excoed dx:amounts pezmitted tn be held by npplicnblu lnw,�..�nder shall acco�nt to Boirower for � '
<br /> ., the eaccess Funds in xcordance with the r�quirements of applicable law.if tho tunount af d�n F�lu►ds held by Lender az any Iime is j �.'..�'�
<br /> not sufficicnt to pay the Escrow Items when due.l.cnder may so notify Horraw�r in urriUna,and,in such case Borrowzr shali pay I , • '-,
<br /> eo Lender the iu�wunt nacessary to mako up the deficicncy. Borrowcr shall rnnYa up 1�ia deficiency in no more ttien twelve I '�
<br /> montttly paymettts,at Ler►det's sok discretion. . ��
<br /> �. � Upon payment in full af aU sums sccured hy this Socurity Instrumen�I.endar shall pmmpdy reFuad w Botrower any Funds i
<br /> be3d by Lender.If,under paragraph 21,I.,ender shall acquire or sell the Pcopcsrty, Lendar,p�»r to the acquisition or sale of iha
<br />: �� �� property�shall apply tu�y Funds held by L.endea Wt ihc time of acquisition or salo ns a r,m.dit against the sums secured by this �
<br /> . Socvrity Instrumen� �
<br /> 3.Application ot('ayments. Unles4 applicablc law providas othcrwise.uU Uayment�res�ived by Lender under p�ra�aphs �
<br /> " �� 1 aad 2 st�all be applled: first,to any propnym�r►c charges dun under tha NaLe;sccond, tn amounts payable under peragraph 2; '
<br /> ` IhiM,tA interest due;foueth,to principal d�ic;nnd Ixst,►n any Inte chazges dua undet tha Nam. � ,
<br /> �u 4.Char�es;Lkes. Bomower shall pay a114vices, assessme.nts,chtttges, finas ancl impnsit;ons atuYbutable to We Proucaty � •r,,,,
<br /> which may attain priority ovcr this Securiry Inst�cnt,and lcasehold payrac�ts or araund n;nt�,�f any.Borrower shall pay�hese
<br /> obligations in the manner provided in parng�raph 2,or if not pa�cl in chat marrr,Bcuraw�.v sik�tll pay them on time diratly to ihe
<br /> pexr,,on owed paymcnG Borrowcr shall prompdy fumish to Lender�11 r:otices of s�mounir w be paid under this pam,�raph.If
<br /> Bomo�vGr malccs thcse paymc�ts d'ue�dy,IIorrower shall promprly fumi.5h tn Lender receipte evi�encing the payments.
<br /> Bomnwe,r stutll prompt3y a�ischarge any licaa which has priority ovcr this Socurity In:z�ncmcnt un?ess Borrowcr: (a)a�,mees in
<br /> writing W the paymer�t of the obligauon sccure�by thc lien in a mnnner��tabl�to L.cnder;(b)co:t;Ns in goad faith the licr►
<br /> _ by. or defends aguinst enforcerner�t of t3ec lien in, Iegal procsedin�s wluct� in th�+.L.ender's opinigz operate to prevent the
<br /> � enfom�mcnt af the licn;or(c)se�c;�.,,5 from thc holdcr of the licn an aBrecment antast�crAr,� to L.ender sutnordinaring�hc lien[o
<br />` this Sc.^�ity InstnunenG If Lender de'r�...�^rniaes that any part of rha Property is subj[+ct to a lie;n which mny amin prioriry over this
<br /> �'� .. Securi��Instnunc��Lcnder may give Ba�+:ower a noacc idcntifying tho lien. Baimu�er sh,al!saoisfy the lien or taku ona er ma�e
<br /> of tt�e actions set forth above within(U days of tive�ivin�of notioe.
<br /> � Form 5021 'At00
<br /> � . � ��Fl�N�fi2t21 Papezolo iniUair.
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