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<br /> . 'TQ�iE7'I�R WITH all the improve�nts nobv or hereafder eiestCd on the property,er.d all easements.appartenances,astd :�__
<br /> - f�xtures rto�v ar hereatter n Qan of the pro�. AH ree�s�s'its t�ad a4slitions s�salt also tsc �ycr� by thi� S�uriiy .r--,_
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<br /> � [astrum�nt.Ail of tD�e foregait�is�efem�to in Yhis S�vrity iastrua�t as the"i'mperty•' '�`—:�,
<br /> "� � 8l3RRO�ER COVENANTS that Borrotiver is lativfully seiscd of the estate hereby wnveyod aszd has the ri�ht to grant utui _
<br />---° � c�avey ttrt Rrog:cgp anci d�at the Prays�:y is uttcr.cum�m�. e.�Z fter e�.�� of record. &�m��vPr�varrants and will �.
<br /> L``;� defead gea4rc�i��ttw title to th�Pro�tty asainu�11 claims nnd deinaisrd���b}e�to any eacumbcans�of recotd. �.
<br /> • �� 'i'}�Ig�ACi1Rt7'Y INSTRUA�'IEPiT oombincs utiform rnv�nanu for�atio�eal nse and c�n-uniform'cavenants with Gmited
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<br /> � vari�i23sv;by lUrisdic2ios�to ronstituae a uniform sacurity iastn+ment wvering re�al prn�eny. ��_.
<br /> '�°.4: U�tIFtCRM COVENAN't�.Borrotver and Lender wvenant ar.d a�rce ag follows: --
<br /> i. ����tt of F'rEuc€�1 and Yntes�st: Pr�psy�eut ated 1.ate Charges. Rccrcnmcr st�11 pramptly pay �vf:es� dua the .
<br /> —':,'• p;inci�;3 af a�sr,�cst an the dEht evid�.:ed hy ths Mot�ans#�ny PmpaYmer►t and ta�cEa�zs dta�under�he Nate. ��:�a
<br /> �. Fwa�s tbs 3'aees and Instuance.Subject to�plicable la�v or ta a written�v�ter by Lea�er. 8orrotiver stall pay to �'.�
<br /> _±' Lcnder on stte d�y mvnthly paym2ats a.'e due wbder the Note,unti!thc P1ote is paid in futl.a sum(°Funds")for.(a)yeariy tnzes -
<br /> �'- aiv7 3ssessm�tts n��t�:td�may attain prioriry ovu this Securiry Qnstrument as u lien on the Property:(b)Yearly teasehold payments �`-_-
<br /> , .,•''�" asg�m�r!renis oA the Property.if any:(c)yearly 6a�ard or property insurance premiums:(d)Year1Y flaod insuranre pt�miums. �.,��
<br />;�t-��� � !s 6 Borrower to Lender. in aocoidance witQ�
<br /> ",`�..{�� if:a^�: ie);Y�S'�ngage insurnnce premiums.if any:and l��Y-�P3Y� Y
<br /> � >:s;� �,�nv�ia�x�a?p2saagraph 8.in lieu of[he�ay¢►ent of mortga3e insum��ze preaniums.These items aze ca!!ed°Fscrotiv I-�ems.° ---
<br /> :::�;�`.`� �.o�rSa�.miy. �t uny tiu�e.col�xi and hoid Fnnds in an amouu nAt to exoeed tfi��maaimum atnaum a lender far a federally �.;:.;:
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<br /> :: ; ce�tcert mong�ge laaa any tap�,�re for Barroner's escrow acoos.m u�ler the fad:ar,1 Real Estate Senlement Procedw*�s Act of —
<br /> '`:';;F` 1474 as ame�d�fram ti�x�n:irUe, 12 U.S.C.Se�xion 2601 et ssr1. {°�;;�SPA"1.���other law tknt applies ta the Funds =__
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<br /> ,.,::,rS:�,� sett a tesser�er�.If so. F.a.ao�dsz���. z�aay time, colle�a,�d Peald �u�ds in an umount not w excec�tha tesser amoun� �`%.�
<br />;,<-,. Leuder may e�tim�e th:am�wli c�S'aml;d�ore th�basis of cumas�data and reasonable estimates of expendituces of future
<br /> ;e� Sacsaw Items or oth�cn�se in accnrdance�vith applicable law. ����
<br />��;to; Tite Funds shall be h�ltl in an instltution whose deposiu are insured by a fadeaHl ageney. inswmemaiity, or entiry
<br /> .;,�;x�� (inc[uding Le�tes, if Lender is sudi an�nstiturion)or in any Federal Home Loan Bank.Lender shall apply the Funds to gay t�e ,_�_`�_
<br /> ••�._: Fscrow Itea�. Les�er may not charge Borrower for holding and applyiag the Funds.annvalty analyzin�the escmw acaount,or
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<br /> :,f;>, verifying the I?scmra+Items.unless Ixnder pays Borrower interest on the Funds and applicabte law pemuts Lender to maYe s¢dh .:
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<br /> ,.°;t.��„ g th�ge.Hoavever,I.ender msy require Borrower to pay a one-time charge for aa inde�dent real estate tex r�orting service �.
<br /> us�rri by Lender in connectitm with this loan. unles.g agpficabte !aw prnvides otlw.awise. Ual�ss an agmRm�t is ma.�e os -°=-�:�
<br /> � `cabte taw ime�t ro be d I.ender shail aat be ired to �mmvrce� intemst or eamin s on the Funds. ��'��
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<br /> �.;;;�t . Borrower and Lendea may�soe in wriwig,however. tiaat ituerest shall be paid on drr Funds. Leader stiall give to Borro�ver, �`�_�_
<br />:`y<,ir�� without charge.�an ann�al accoanting af the Far�3s�showing credits and debits W the 3^runds msd tIte parpose for wI'uch eadi ��-
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<br /> ..,�, •: , debit to the Fum,i��vtios made..',t�te Funds ar�.�slut{�t�3 a.additional security for all sams se�be ci�Saauity Iastrument. �-,-
<br /> `�•�.'�` If the F�m3s'�eld by'i.eet�d�s exceed tIie:�¢is�gc�nitted ro be heid hy applicable taw.L,endrr shall accannt to BormwEr ��_._.-
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<br /> ���``s"-r far 12is exc�+s•Faads in accan{�nrx witb th°.:�qairem�of applicable law.If the amannt of the Funds hetd by I�der at any --• �
<br /> �� ��% r time is not s�t3i��tu pay the Sscrnw It�when dwz,ixnder may so natify Borrower in writing„and.in such case Borrower
<br /> �r�.�1� r ,, shall pay to L.s-�dter eha amount necessary tR make up the deficiency.84rcower shalt make up th::dc�ciency in no more th�n•
<br /> _-- tvy-rlve monthiti•ir�.►yments.at iender's sote discretion. ` —
<br />.. , � Gpon payment in faill of all sums secvred by this Securiry Instrument, Leadsr shall promptly refund to Borrawer arry
<br /> � Funds held by Lender.If.vnder pazugraph 21,Lender shall acqnire or sell the P�operty,Lende�r.prior to ihe aaquisifion or sale �,;;'
<br /> . . a credit aiast the sums secuted �`'.
<br /> .. of the Praperty.shall apply any Funds h¢id by Lender at the time of aoguisition or sa2e as ag by °—��'�`�-
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<br /> :;:'���!'" thisS�cur'styInsutiment.
<br /> �..:'":.• 3.Application of Paymeats.Unless appiicable!aw pravides otheiwise.all paymenu m.cx's�ea�Is,��Lender under paragrwp�cs �
<br /> � • 1 aa�2 shall be applied:fi�t.w any prepaymens charges due under the Note; seaoad,to am�:mt3 payabie under parngraph 2;
<br /> `•.i �liret,to iaterest due:foutth,:trz�+�incipal due;and last.ti���ny late charges dne under��s,��Iote. �° -
<br /> :',;<:'�• . � �!.•C6uges:�eas.B�.:rja;s�r�r shall ge9 al!taae�,�sessinettu.cdarges,fines an3 imgositions aUriDutable r�'i.tha�roperty. —.
<br /> '.�:��+f : . `.;lgjir;cW may uttr,fx��riority over zhis Secusitg i`ASGrument,xnd Ieaeeho�payments ar ground c�enu. if any. Borr=rrver shHll pa�► �.
<br />:•;;�rii� • . ��#�."�.�tbligu���iz�.the manncr.Pnovided an�i;iagraph 2.'or if not paid�t�a that manner,Borrower s�hal!pay them cs�time dirrst��;�'.
<br /> �`:";'�s: . ...itT,t��ia person owed paymen��s`�oisower shall prompdy fumish to Lender all notices of atr�ounts to he paid unde,•r'r'�;3s p�a:•: --'�',
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<br /> "` .. '7�f L�orrower malces tliese p�yitmr;,�ts directly,Borroaer stv�J.�prompdy fumish to Lender receipts evidencing tha�sg�.ems. � ' . ' �"�'
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<br /> " ' Borrower shfill m S��.,c e an icen whic�i has riori oyer tius Secnrity Instrument unl�ss Borrocc'p.:ta)a in +
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<br /> , writing to the paymeni of the obligation secured by the lien ia a manner aocepta6le to Lemier;@)�irEests in gaod faith the lie�� `'--i`
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<br /> by. or defends against �nforcement of th:iien in, legal proceadings wlueh in the Lender's opii�on operate to prevent i�i� ,�;,�
<br /> ''"",.` enforcement of the lien:or(c)ser�ues from the holder of the lien an agreement satisfaMOry to Lender subordin�iag the L'c5:t� � �':` •
<br /> � ttus Secvrity Instnunent:!f`�ader determSnes that a»y part of the Property is subject to a Iien which roay att:a�i��,:iority otizt ' •.
<br /> • thls Seattiry�nstrnment.L�cr may give Borrower a rtotioe identifying the lien.$orrower shall satisfy the lida,ur take o�or ��
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<br /> tuon;cf thC nr,�faos$ei fw�th above within IQ days of the giving of notice.
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