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<br /> ., � . TOa&'I7iER WITH aA tho improvementx now ar hemAfter erected on the praperty,nnd nll eu.sement�. nppurtenanccs,and �'"�
<br /> � � liatures now ar hercnfter u part of tho pmperty.All replacemenu und a�dlUanA shnil ulsa ba covend by thia Se�urity Insuumen� � ° �i*-,
<br /> Aq ot tho taregofng ia reforrcd w in thia Socurlty Inawment av tho"Propeny." , • _
<br /> � BORROWRR CAV�IVANTS ihnt Bartower is Inwtutly scised of thv csmto hercby wnvayed und hus tho dght w�rant und � ��._,
<br /> canvoy tho Property ond thut tha Property ls unencumbered� aaccpt for encumbruncas of record. Bonower warmnta wed wil! � , _
<br /> deFead genercjlly tho titto to tha Property against aU cinima end derrtands,subject w any encumbrances of record. '
<br /> 'THIS SECURITY INS'IRUMBNT wmbines uniform covenants for nattonal uae and non-uniform covenanta with I�mited =`
<br /> . ._ vadsidons by judsdictton to constituta a uniform securlty insuument covea3ng real property.
<br /> i]NIFORM COVHIHAtJTS.Bom�wer and I.ender covenant and agree as followa �� �`_
<br /> � I.Payment ot Princtpal And Interesti�pAyment end l.ote Cdarges. Borrowcr shall pmrnptly pay when duo tho ..
<br /> princlpal of and int�rest on the debt evidenced by the Note and any p�epayment and 1au3 ci�argos due ur+dea the Note. -_
<br /> . 2.Funds tor Tuxe�and Insuraace. Subject to applicable taw or to a wrluen w�iver by Lender,BQnower sball pay to � �
<br /> I.endr,r on the day montWy payments are due under tho Note.until the Note ls paid in full.a sum("Funds7 for.(a)yea�ly texes . �►-
<br /> � • end assessmenta which may attein prlorlty over this Securlry Iasuument as a llen on the Property;(b)yeady leasehold payments ,
<br /> � ' or ground rents on the Property,if any;<c)Yearly hazard or pmperty ins�rance premt�ms;(d)Yeaily Qood insucance premiums.if . � . ,�,..
<br /> � anY: (e)Yearly mortgage insucane$preminma.if eny;and(�at►Y 8�1�Yable by Bomower to Lendea.in axordartce with We
<br /> prov�stans of paragnaph 8� in Ueu af the payment of mortgage insur�ance pmtniums. 'Ihesa items er�e c�Ued "Bscrow Items." `'``
<br /> .„. ::,:�.:_�-..
<br />� I.ender may.at eny timme.collect and hold Funds in an amouat not w ezce�the ma�mum amount a lender for a federelty related • -�} � '�-
<br />' mortgage loaa may requice for Bflrrawer'c Pccrow account under tbe federal Resl Bstate SeWement Procodure.c Act of 1074 as _,,. -�;;=-
<br /> � amended from dme to time,l2 U.S.C.Section 2601 et seq. ("RESPA"),unless another law that epplles to the Funds seLV a lesser , ^� T�
<br />. .. amount If so. Lendea may,at any tLne,collect and bold Funds i�an amount not:o exceed the Iesser amoun� Leaider may �� � , :_�
<br /> � esdmats the amount of Funds due on the basis of current data and reasonable at,Snnates of eacpendiwres of future lEscrnw Items or ' �
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<br />. . ;; otherwise ia accordance w[th applic�able law. . ;,:,i'���.';,m••,,-.
<br /> ., . • 'Ihe Funds shall be held in an insdwdon whose de sits are insurec�b a fcdesal agene.y,instrumcntelity.or endty(includin$ �',�:e�' �"°e—_
<br /> Po Y ����:�.;.:�_.
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<br /> ,�, I.eader.if Lender is such aa iasdwtton)or in any Federa�Horae I.oan Bank.Leader shall apply the Funds w pay the Bscirnv , ,,�,�4;'--
<br /> Itwns.Le,ndet mey not c6erge Bosroaer for holding and aPP1YU►B the Funds,annually analyzing the escrew acoount,or ve�lfYInB �'+�, �ta •--.
<br /> � the Escrow Iteans�unless I.ender paya Horrower interest on the Funds and appIIcable!aw peYmits L.euder w Qnaka such a ctiarge. � . !'; � , ��
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<br /> .�, Howaver,Lea�da may requice Borrower to pay a on�dme char�te fbr an iadepc.mde�►t real estste taa reporting s�vice usod by
<br /> , ....-:_ ,:���= , �
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<br /> .,�,, ..;, " Laider Lt wnnxt�on with this loan�nnless applic�ble!aw providos otherwlse.U�Iess en ageemea�t is mede or epplic�tble laa . -
<br /> '�:.;..";� r.,���.�,:,. 1 b , ' , ,
<br /> ;;`�,�: : requires intesest w be paid.Lendra shell not be mquired w pay Bonower aay Iaterest or eamings on the F�unds.Boimwer aad ..
<br /> , Leadcr may agree in wrlttr►g,howaver,that inte�rest shall be paid on the Funds.I.endar shell glve to Borrowe,r�widwut chargo.an '
<br /> ' annual accaundng of the Funds�showing cxedits end debita to the Fuads and the pwpose for which each debit to the Funds wa9 . •` � �
<br /> : made.11te Funds are pledged av addidonal security for all sums secured by tlils SecurIty Iaswment , ..�'r
<br /> xf tha Funds held by Leader exceed the amounta pera►iueti w be held by applicable law.Lender shall eccount w Borrowu for • . �
<br /> �� " the exce�s Funds in accordance wIth ihe tequirements of applicable law.If the amount of the P�nds�eld by Lertder at any dme is ..� .. �
<br /> � not suf6cient w pay the Bscrow Itema when due.Lender may so nodfy Borrower in wrldng.and.in such cese Bomnwer shall pay ��.� �.
<br /> „ � to L.cuder the aa►ount necessary to make up the deficlency. Borrower shaA make u�the deficfency ia no mom tbaa twWve .��• .
<br /> , � „ " � . monthly pay�nent�.at Lender's sole discretton. � . _
<br /> LTpon paymeat in full af all sums secureil by this Secnrlry Iaswmen» Lertder ahall prompdy refund to Bomawer any Fluids . • ...��` �
<br /> .. ± % held by Lestder.If.under paragraph 21.Lender shall eaquire or seA the Prope�ty.I,ender.prior to the acquisidon or sale of the r�''.' � �
<br /> . , Prop�ty. shail epply any Ftu�ds held by Lender at tBte time of acquisidon or sale es a credit egeinst dte sums secured by this . . . `�
<br /> Security Inst�ument, .,..:
<br /> � 3.Applicatlon ot Payrnenta Unless appllcable law pmvides otheiwise�ell payments reoeived by Leader und�garagraphs � . �'��L.
<br /> . -,�, 1 end 2 shall be appHed: fhst,tn anY P�Payment churges due uniler the Note;second,to amounts payeble under paragraph 2: .:': : ���,-
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<br /> ���� third,m inurest due;fowrtd.to prIncipal due;aad last,w any Iate charges due under the Note. .�. .�
<br /> = � ;� 4.Charges3 Liens. Borrower shall pay all mxes.assessments�chzu$es�fines and imposidoas eit�ibutable co tha Propexty �r=.:- �,�
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<br /> �'•.,� -- which may aUaia priorlty over this Security Instnunent,and leasehold payments or ground rents�if any.Boavwer sha11 pay these _ .. ;��
<br /> :. :.��.,�-.
<br />-'_;� .. . . -. obligadons in the manner provIdcd in Paragrepl►2�ur if not paid in that manner.Bmroaer shall pay them on dme CirecQy w the - ,- - r;��
<br />- . , pason owetl�ayment Bomnwer shall promptly furnish to Lender all noHoes of aenaunts w be d under this paragraph. If
<br /> � �ti •_
<br />- ... Bormwer maices these p�yments directly.Boirower sl�all pmmpdy fumish t,o I.eader receipts evidenciag tha payments. .
<br /> � Borcower shall promptly dL9ct�arge any Uen which has prloaty over ihis Securlty Instrumcitt unless Bo:mwer:(a)agrees in �"° .
<br /> , writing to the payment of the obligadon secured by tha lien in a manner aoc�ptable w Leader;(b)contests in good faith the lien °
<br /> bY. or defends against enforcemeat of the lien in, kg�l proceediags whicb in the Lendea's opinion operate oo prevent the . � .
<br /> .�',, ' enforcement of the lien:or(c)secures from the holder of the Hen an agreemeat sadsfectory to Lender subordlnadng the lien o� � ,,
<br /> ' ihLs Securiry Insaumen�If Lender detennines that any part of the Praperty is subject t�e IIen wAicb a�ay att�►prIority over tLis �
<br /> „ Security Instrume,n�Lender may give Borrower a nodce idea�g the Iien.BQamwer shall satisfy the llen ar take one or moie
<br /> ., of the actlons set forth above within 10 days of the givhig of noflce. �
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<br />- Form�OZB Ot00 , ,
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