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<br /> a� '1'O(iE'1'HER W17'H all the improvemrnts now or hereafter erected on the propeny,and uU cusyements,uppunen�uca.
<br /> ��� and tixtures naw ar herenRer a port oP�he prapeity. All replocements and additions ahull also be covcrcd by thix Sectuity
<br /> �`� InrtNment. All of the furcgoing is referred io in�hia Security inctn�mcnt av�he"Property."
<br /> - _,� BURROW6R�"OVBNANTS that Borrawcr i�luwfully scircd of thc e�tutc hcreby canvcycd smd hus ihr dght lo Brant
<br /> — -- u�d coc�vey Ihe Property und that the Propeny js unencumbered.exce�t for encumbmnces of recard. Bamwer wummtr and
<br /> - t;,; wlll deicnd generally Ihe tiNe to the PropeMy uRainst all cloims and demw�ds,subject to uny encumbruacex of record.
<br /> ^�, ' ,- TH15 SECURITY INSTttUMENT rnmbines unii'orm rnvenun�+ fiK nuiionul u.r :mJ non-unifonn covenants with �--
<br /> �-�'• '� limited variotions by jurisdiclion ta conslitute a uniform securiry instrument covering reyl propeAy.
<br /> #' UNIFORM COVENANTS. Rorrower und Lender covenunt and ogree as follows: -
<br /> � � ` l. Paymeat of Principsl aad lateresl:Pirepnyment aad LAte Char�es. Borrower shall promptly pay when due�ha
<br /> r =nY-.���, ,,•• �'�• princip�l oC und inlat�est an the debt evidenced by the Note uad any prepayment and late charges due under the Nde. ��:
<br /> � ' 2 F�unde�or 71�xes aad Insuranca Subject to opplicnble law or to u wriuen wniver by Lender.Borruwer sbs►II pny ta �:_;
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<br /> •�--_-----_=�•• :� l.cnder on�ha day manthly paymems are due under Ihe Note,un�il the Note is paid in[ull,n sum("FundK'1 ior: lAl yearly �
<br /> ��"�-''-`'=� •,� tuxes und assessmcnta which may utWn priority over this Secu�ry lnswment us A lien on Ihe Ropeny: lbl yeadY leaschold �
<br /> ""=��:���� puymen�s or ground rents an the Property. if any: (c)yearly huzurd or property insurance premiums; (d1 yenrty Iluod
<br /> - ====�-��� insurwx�c premiama,if any: (c) yeurl rnortgoBe insurrnce premiums, if any; and l�Any sums pnyu6le by Bortower to -_
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<br /> Lender.in acrn�dance wi�h�he provix ons of parngraph 8. in lieu of the payment oP mongnge insurance premiums. 'Itiese
<br /> � _'s�; items s�m called"Eacrow Items.' L.ender muy.at any time.collect und hold Funds in un umount not to exceed the muximum
<br /> -�- :+ nmount u lenAer for o fedemlly related manSoBa lonn muy require for&xrower�escrow accaunt under the feJernl Reul
<br /> °"`�'�r�; '� Estae Seulement Pmcedu�s Act af 1974 aa amanded from time to time, 12 U.S.C.�2601 er seq.("I��SPA"). unless unaher -_
<br /> �- _-:���rf�•���`���'�` law that applies to the Funds sets u lesser amount. If so.I.cnder moy.ut any time.rollect and h�lA FUadti in un amount not to � _
<br /> ���, '' .,;,:�� `� exceed �he lesser amount. L.ender may estimate Ihe umount of Funds due on Ihe busis of current da�a and reawnable _�
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<br /> �;,;fi';' ., estimates of expendi�ures af futurr Escrow Ilems or othenvise in accordnnce wilh applicable Inw. __
<br />--��.��.r,�••� The Funds shull be hcld in an insti�uuon whose deposi�s une insured by u i'ederpl agency, instrumcntuliry,or entiry �
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<br /> �. (including Lender.if Lender is such an institution)or in any Federal Home Loun Bunk. Lender shull opply the Funds to pAy :v.;;;�•
<br /> _�;�'• 5,._,,,. :,, „ the Escrow Items. Lender may not charge Borrower for holding and app�ying the Funds, annually anulyzing the escrow ��_
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<br /> ••'�— �;;?;,�,-�f,��- . , account,or vedfying the Escrow Items. unless Lender pays aorrawer interest on the Fund, and applicable Is�w pertnits .,��_
<br /> '��'-"' -� Lender to mAke such a charge. However,Lender mtty requirc Hnrrower to pay a one-time charge for nn independtnt reol
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<br /> ��._�`°.., estate tax reporting service used by I.ender in connection with this loan,unless upplicuble luw provides othenvise. Unless an ' _
<br /> - -- � ' agnxment is made or applicnble luw requires interest to be paid,Lender shnll not be reyuired to pay Borrowcr nny interest or `
<br /> �-��'1.�:�,:..�1•..'�• earnings on the Funds. Borrower And L.ender may agree in wriling,hawever,thnt interest shall be paid on the Funds, Lender =-
<br /> ''""`.`'�_' shull give to Borrower,without churge,an nnnuul accounting of the FLnds,showing credits and debits to Ihe Funds und the �:,
<br /> _�.J�,;�'�tui;�;,.r::,_.:= putpose for which each debit to the Funds was made. The Funds ure pledged us additional security for all sums secured by ���•'
<br /> °� -_ -=°_ _ - thic Security Insaument.
<br /> If�he Funds held by Lender exceed the umounta permined to be hcld by uppUcable luw, Lcndcr shall account to =
<br /> n +:r ' Borrower for the excess FLnds in acwrdance with the requirements ai applicuble law. If the amount of�he FLnds held by �,_,,
<br />:�i�i � � � L.ender at any time is not sufficient tu pz�y the Escrow Items when due,I.ender mny so notify Borrower in wdling,and,in
<br />:-�w.'� ' � • such case Borrower shall pay to Lende�Ihe umount necessary ta mnhe up Ihe de�ciency. Borrowcr shull ms�ke up the F°°__
<br /> -�� �� deficiency fn no more than twelve momhly puymen�s,ut l.ender s sole discreiiun. �
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<br /> _ Upon puyment in full of ull sums seeured by Ihis Security Instrumenl,I.endcr ahall promptly refund to Borrower any
<br /> '=- • � � �� Funds held by Lend.r. If,under purogrAph 21.Lender shull uryuin:or sell!he Pruperty.Lender,prior to the Acquisition or �; -r.
<br />-'?�'�ti!'��"'Y��� SaIOOf the Property,shall upply uny F'unds hcld by Lender al Ihe time of ucquisition or sule as u credit nguinst Ihe xums _ -
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<br /> '_�;;+ �"•"��.,;,...;•: •' 3. Applieation ot Payments. Unle++ upplicable law pracidc:. othcr�t�ise, s►II paymonts rcceived by Ixnder under p�°:�1
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<br /> _ , paragrophs I und 2 shall be npplied:first,to Any prcpuyment chargcs duc under the Nute:second,to nmounts payuMe under
<br /> � "'°"�:.r ;; d- paragrnph 2;lhird.to interee�due;founh,to principul due;and lust,to any late churges due under the Note. �,'�u°'.
<br /> _- 4. ChArges: Liens. Borrower shall pay aU tuxes,us�es+ments, rharges, fines and impositionx wtribut�bk to�he ��;,s.
<br />,z,:,.���'�''`s � Property whfch muy anain priority over thiti Securily In�irument,vnd Icusehold paymentx or grcwnd mnts,if sury. Borrower �=:=
<br /> ;�- ..'�J,• e ''•', shall pay thesc obligations in�he munner provided in parngraph 2,or if not puid in thui manncr,Borrowcr shull puy thcm on i;.._:.
<br /> '`.`,��:`� •• ' tima direcdy to Ihe person awcd payment. BaROwer ahall promptly fumi.h to Lrndcr ull notice�of amourns to be paid under
<br /> -h^'' ��� . • this paragraph. If Borrower mnkes these paymenta direc�ly, Borrower shull promp�ly fumish�o Lender receipts evldencing �_
<br /> � '�'" , • thepayments. �"='"
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<br />�W4 ,�;y� _r •° Bo�rower shall promptly discharge any lien which ha5 priurity ovcr this Scrurity Instrument unlesti Borrower:la)agrcc.r• �:
<br /> �,, �, in writing to the payment of the obligation secured by thc lien in a munner uccepwblc�o Lender;(h)conte�ts in�ood fuith the
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<br /> -° -��•:,.r�.:.�,�-'�'�' lien by,or defends ngainst enforcemem oi the lien in, Icgal proceeding+which in the Lender'x opinion opemte�o prevem the �v
<br /> � . ' enPorcement of Ihe lien;or(c)secures from the holder of the lien un ugreement sutisfuctory to I.e n d e r s u b o r d i r u►ting the lien
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<br /> '�r�,', to this Security insdument. If Lender dclermines thut any pun of�hc Pn►periy i+subjec�to a licn which mny uttain priority �ti_,:
<br /> .::- 4 ��� • over this Security lnstrument,Lender mu�•give Barrowcr u natire idrntifyinF thr Hen. Burrower shull satisfy the lien or tnke ---'-
<br /> v' • - one or more ot'the actiom set forth abuvc within 10 days of Ihc giving of noticc. �;:<-
<br />`�� � ., ' � 5. Ha�ard or Property Insurance. Borrawer xhull kcep tha:impruvrment�noa•cxisiin�t un c�re•r(�er crec�ed on the �`'"
<br /> Property insured ugainst loss by firc,hazard�includeJ within ihc�crm"extrnded coverage".md any othcr harard�,inrluding
<br /> � • .. ' floods or tlooding,for which l.cnder requires insurance. Thix in�urancr .hull 1� nwintui�xd in the arnounts a��d i'ar the '"'=
<br /> Furm W2N 9NA �pau�:�y n�Ke.� .z.
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