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<br /> . - TOGEfI�ER�YTTH al!th�improvemems aaw or hereaftez erECtc�l va t�pmperry��ud aIf e��nenu.aPP'���.�� .'.
<br /> fi,��egs r,our os�hereafter,a part of ths gro�r..A!T_n�L�e�ts�ecct r�ditiar9 sh3tI �l,so 6e cavered try ttnts`Seru�ty
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<br /> I��c�,z�n�Aif of�€ar��;is refcrce�!ca ia�hi��r;Ics�^t�m�e as tf�'�ac�enq." - �- �-�
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<br /> BOR#t0'WER G�DV�iAI�Y�'S eh:t�ormwe�t is lacvfalty sei;c�c;of r���e t�y camicyed antS&as t�e rtsht m�r.�nt a� �
<br /> oanv�zy the Pmgerty aa�t�at the Pc�perty is tmQncnm�cred.exce�t fo:er��bra.noes of r�cord.Baso��a warr��anci vai11 `
<br /> ` defend ge�:ralty the'titte to thePropec�y against all ctaims aad d�m�ads.s►:�;�t to any cncumbr�ztes,of ar�a�c4: . � . . .
<br /> THI�.SE�3JRITY IN�f`RLfiMENT cmmbutes anifamz�ve��nts fos�:iia:� lue aa0'�no�e fir.if4rn�c4vt�.L�wit�tiutiEet! , ,
<br /> var€atiof�by juri�dictiari�to oo�stitute s anif�rm ssciulry inshumemt wvering tenl P�Fen3+• ' � � ` �
<br /> IJl�IFORM COVENANI'!'$.Barm�ver�nd L,eudr.rmvenant aai!agrez us f�IIa�vs: . .
<br /> . ' i. Payme�ni a�i'ut�ci�ai� Interest: IIrepnnyateni artd l.34e Ch��• 8n�rawer sha�1 Pra?npYlY F�}'�hen due t�� ..
<br /> priacip�l of and imerest on ttie�ebt evider.ced bp the 1Vote aad aaY P�F�Ym�ns�Ia�e chac�es due undgr tt�e Note. . _
<br /> g.��tt�Tsses a�,s3 t�as:a.Sul�c�t us ag�alicabte tar�vr ta a e��ittea�aives by I�s,B�mor�er'sf�g�� . - -
<br /> _. I.euTer on tIis day inoatlily payments are due uader tize Note.untii t6e t�lote is paid in full.�stu2t(°rueds`)far.{a)y�u[y t�es --
<br /> ' and assessmems wbir.h may attai8 prinrity over this S�°.curity Instnuneru as a.f�:u n�U�Penperty:(b)y�rFY tea�,.°ho1.�gaymenEs
<br /> or groun�rants an tt�e Pcogerty.if any:(c)Yearly hazard or PropertY insuran�pmmiwns:(d)Yearty @ood insunace pr2mi�a.s,
<br /> if aW+;(e)Yarly martgage insurance pciamiums,if nay;and(t�anY suas QaYable by Horrower to l.eader.en acmoi'dance�vitII� .
<br /> ttte provisions af paragraph S,in lieu of the payrnent of mortgage i���+�pzemiums.T�ese items ar�cal2ed°�row It�tns.°
<br /> � I�nder may�at acry time,ooitect and[ioid Funds in an amount not to eacazd the maaimum amoant a lender for a federally,
<br /> relat�aiurtgage[oau may require for Barrawer's escmw aocaunt un�er the federat Reai Fstate Seutemem Prncediues Act of
<br /> I974 as�neaded from time to ti�te, 12 U.S.C. Sectioa•260!et seq. f'�"t1°),antess annther law that aPPti�s to tFie Fpnds
<br /> sc.ts a lesser amoum. 1f so, Icader may, ai axy time. oolleci and-hotd Fukds w an amauna aot to exoeed the tessar amaunt.
<br /> L,ender may�te the amnunt of Funds dae an the basis of euctent dasa aad reavoaaSl��imates of ea{►euditm2s of fietur+e
<br /> ' Fscrow ttea�s or ottcer+Aise ia aeeordaace with applisable taw. ` --- —
<br /> The Fmuds si�all be hetd in aa ia�titation whase deposits are ins�ued by a federal agency. instnw�entalit}r. or entity
<br /> (inctuding[.ender.if Lender is sach an is�.�timtiaa)or in a�r Federa}Hame Loan�ank.Lereder shall apply the Funds ta pay the
<br /> �Fscrow Ttems.F.ender may aat d�arge Borrower for�olding and applyina tDs.Fuads.anmiaUy analyzing the escmw accopni,or
<br /> verifying the Fscnow Items,unless L�eFWer pays Borrawer interest on the Funds aad applicabie!aw persniu Le¢de�to make sac& ,
<br /> a cGar�e.Hotivever,Le�des±nay require�orrower to pay a on�time cUarga for an indepeudent real estaze tax n�porting servic� . � � _
<br /> used by Leader in connection with this loaa, unless applicable law pmvides otherwise. lJaless an agreement is made ar . —
<br /> applicable taw aeqni�es interest to be paid,Lender shall nnt be required to pay Borrower any interest or eamings on tbe Futtds. �_
<br /> Borcii�ver aitd Lerzder may a�ree in wtitiag,hosvever,that interest sliall be paid on the Fnnds. l.ender'sha11 give to Borrower.
<br /> without charge, an annual accous�ring of the Funds. showing credits and debits to the Funds and the pvrpase'for which each - _
<br /> , debit m the Fwids was made.T�e Funds are ple�ged as additional security for all sums secured by this Secarity Instru�aent. °_-- -
<br /> If the Fvnds held by i.ender exceed the amounts permitted to be held by app!icable law.Lender shall arcouni to Hosrower - __
<br /> for the eat�ess•�unds in acoordarrce with:�ire requir2menu of applicabte law.If the ainount of dre��uads held by Lender at any =
<br /> time is nut;sut�ictent to pay the Escrosv I#�ms when dus.Lender may�a aotify Bormwer in wric�.and,in sach case Borrower I
<br /> shall pay to I:�der tfie�rrrr_unt necessary to make up the deficiency. Bosrow-er shall make up the deficiency in no more thaa �
<br /> twelve monthiy paymeat�.:s���ender's soie discretion. � • �:
<br /> Upoa�.i�ent in;�?':vf all sums setured by this Security Jn�tsumgnt. [.ender shall promptly refund tu Borrower wy ;�._j •;"
<br /> F�mds hesLi�y F:ender.If,under paiagr�sl�21.Lender shal!acquire oc•sel{the Property.Lender,prior to the acquisition or sate '�`
<br /> of thz Pro�sr.�n.s�all apply any Funds hefd by Lender at the time of acquisition or sale as a credit against the sums secured by ` •
<br /> ,this Securi�y instrument. �.�Y m _ _- -
<br /> 3.Appllcation oY P&ncieats.Unless applicable i:i�v provides otheraise,ali�a�inents recei�ed by Leruler under paragraphs "'�',' ����
<br /> 1 aad�sh�::fae applied:first,to any�repayment charges dae under the Note:s�cond.to amounts payable under parsigraph 2: ,�,%`,�`t���-
<br /> third.ta icti��s due:fourth,to prin��l•due;and last.to any late charges due under ihe Note� `'�•'.';�r- :..
<br /> 4.C��s;Liens.Borrower sl*.ut.��ay all taxes.assessments,charges, fines and impos"r.:ans attril�utable to the Property L;.w�.j.'�; - 31�
<br /> which may auain priority nyer this Security Instrumeni. and leasehold paymenu or ground rents,if any. Borrower shall pay ��'"<.-•-� •�"�.Y�-�
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<br /> these obligations in the�_.�t provided in paragraph 2,or if'not paid in tAat manner.Borrower shall pay them on time directly ��< . ;�'��_
<br /> to the ersar�cwed ayme^t.Bonower shall mm tt fumish to Lender alt notices of amounts to be aid under this ara h. '�� '.���.` ' `��'� -'
<br /> P P P P Y P P �P �.�'; f
<br /> If Borrower m�es these payments dtrecUy.Borrower shall prompUy fvrr5sh ta Lender receipu evidencing the paymcnts. ' '� � '.�
<br /> Borro��z shall promptty discharge any lien which has priority ov�r tAis Securiry Instrument untess Borrower:(a)agrees in � � � ;"-�'� -
<br /> • . "Y�.'�:;<
<br /> writing to the payment cf r�':e obligation secured by the lien in a msmrer acceptabte to Lender:(b)cantests in gaod faith tha1ien �.'�rx • .
<br /> 4sy, ar defends againsr�cnf+yrcement of the lien in,,i�:�al proreeding3 a�hich in the Lender's opinion oper..te to prevent the . ;. ..' �
<br /> enforcement af the(ieti;.o�rte)secures from the hol�r��f the lien an agreement satisfactory to l.ender subordiiGZting the lien to v`,�
<br /> tttis�Securi3r•Itstrument:If Lender dec.d:rrmines that any part of the Property is subject to a lien.:vhich may anain prioritg�i;��:r •.
<br /> this Secarii�Irstrument.Lender may��icv Borrower a notice identifying the lien. Horrower s�ralt satisfy the lien or take r.+n:�e; � � ��'°•���?�• . •
<br /> more of tAe a�'�fons set fcrth above within 10 days of the giving of natice. � " � ' ' . �
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