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<br /> � �'�� i 9 _ 100514
<br /> _ ��. � im avemcnt�now or hereofter crectcd an ihe propcnY,und ull cusem�ntv,uppuhenaaccs,
<br /> �`.�J°"" 'r`�"" T06E'fHBR WITH�Il lhe pr _�_ _
<br /> �i•'ra��y+.rr•. o��x���er now or hercaQer u part uf�he propertY• AU repincements and uddiuons tihull also be covered by�his Sccu�ity
<br /> �jJ.� _�, In�trumenl. All of 1he iaregoing is referred to�n this Security Inshumcn[es�he"Propeny"
<br /> �?�'aza••.,,- BORROW ER COV ENANTS that BoROwer is lawfully seised ot tha eatnte hercby canveyed and h�thc right to granl
<br /> and convey the Properly and U�n�the Proper�Y�s unencumbered,except for encumbrar�ces of record. Bcxrower wu�nt�and
<br /> : � .,,,; will defiend generally the tide la the Propeny against ail claims and demands.subject to any encum6mrues of record. .rrw-
<br /> 7'HIS SECURITY INSTRUMENT combines uniform covenanta for nationel use s�nd non'u�u�°m� �°y� �"'��
<br /> y limited variations by jurisdiction to constitute u unifumi security instrument covering c+eal prope�ty �_ —
<br /> •� �,'����'�'`�` � UNIFORMCOVBNANTS. BorrowerandLendercovenuntondagreeusfollowa: —
<br /> � ``' ' l, pnymeat ot Princip�l and lokrest;Prepaymenl and Late Cduges. Borrower shall promptly pay when due die
<br /> •�t y Y P P Y �
<br /> ____ i.;; princip�l of and interest on the debt evidenced b the Note and an re a ment and late ch es due under the ae.
<br /> � ;};� 2, F`uads for 71n�ces s�nd lasuranee- Subject to�pplicable law or lo a written waiver by I.ender,Borrower shAll puy to
<br /> -� Lender on the day monthly payments are due under the Note. until the Note is paid in full,a surn("FunJti')For.(u)yearly
<br /> :°'� taxcs sind ussessments which may anain priority over this Security Instrument as a lien on the Property:lb)yearly leusehold `�
<br /> _ �` Quyments or ground rentr, on the Property. �C anY. ��1 Y��Y h� or pr°Peny insurance premiuma; (d) yeorty flood
<br /> t.._
<br /> msurance premiums, if any:le) yearly mortgage insurance premiums, ii any: and ltl�Y sums pay�+ble by Borrower to
<br /> ;;a� `"�':-;,' '�-�' Lender.in nccardance wi�h �he provisions of paragraph 8.in lieu oi the payment of mortgage insurance premiums. These
<br /> -,;•� �; 'r: items are csilled"Escrow Items.' Lender may.ut uny time,collect and hold Funds in an amnunt not to exceed the mazimum
<br />:;�'��� � •� amount u lender for a federally related mortgage Iwm may require for Borrower's escrow account under the federul Real —���
<br /> ;;'�� � . Estate Settlement Pracedures Act of 1974 as emended from lime ro time,12 U.S.C.�2601 et seq. ("R�.SPA"}.unless another �— --
<br /> � . law ihat applies to the Funds secs a lesser amount. If so,Lender muy,at any time.ca��e��and hold Funds in un umount nat�o „L�.___
<br /> � �� t�;'� exceed the lesser amount. l.ender may estimate the amount of Funcis due on the basis of current datu and reasonable G��
<br /> ' . � � . estimutes of expenditures of fuwre Escrow Items or otherwise in accords�nce with applicable law.
<br /> . � The Funds shall be held in an institution whose deposits are insured by a federal agenry,inurumentulity, or entity �IN�'�._,°
<br /> (including L.ender.if Lender is such an institution)or in any Federa!Home Loan Bank• Lendershull apply the Funds tu pay
<br /> ' the Escrow Items. Lender may not charge Borrower for holding nnd applying the Funds,annunlly analyzing the escmw ___
<br />�,.,� %� ������ ucrnunt,or verifying the Escrow Items, unless Lender pays Bonrower interest on the Funds und applicable law pern�its
<br /> • �� ,y,�: Lender to make such u charge. However.Lender may rcquire Borrower ro pay o one-time charge for an independent reA)
<br /> � 1^• csta�e tux reporling service used by Lender in connection with thi�loan.unless applicAble law provides atherwise. Unless an
<br /> ���`'���` ' n reement is made or a I�cable law uires interest to be aid,Lender shull not be required to pay Borrower any interest or
<br /> �. ..�• g p �._T�_�.
<br /> •� ;;Y��-" � earnings on the Funds.pBorrower and�l.ender may ugree in wripng,Irowever,that interest sh�ll be puid an the Funds. Lender _�
<br /> zf` ' ' shall givc to Borrower, without charge,un annual uccounting of the Funds.showing credits und debils to�he Funds and the
<br /> '�'"`'"' '-�' purpose for which each debit to Uie Funds wos mude. The Funds are pledged as addi�ional sccurity for ull sums secured by —F _
<br /> ' ,�:zti. � L���.
<br /> �=� :�`�`. this Security Inswment.
<br /> ti, ,� ,.. ;;. : � If�he Funds held by LendM exceed the anounl.+ ��uutted to bc hcld by spplicsble law. !��r shnll ucwunt lo __�:.
<br /> , Borrower for the excess Funds in accardsince with the requiremants of applicable law. If the arnount of tbe Funds held by — °'
<br /> � � „ Lender at any time is not sufficient to pay the Escrow I[ems when due.Lender mny so notify Borrower in writing,and,in ����__
<br /> such case Borrower shall pay to Lender the umomn necessary to make up the deficiency. Borrower shall make up the _ :_
<br /> ' • deficiency in no more than twelve monthly p:►yments,at Lender's sole discretion. �_..
<br /> r ' Upon payment in full of all sums secured by this Securiry Inswmen�Lender shall promptly refund to Borrower ony �.�;•.�.
<br /> 3 Funds held by Lender. If,under par�graph 21,Lender shall ucquire or�ell the Propeny, Lender,prior to the ucquisition or ���=�t_��—
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<br /> snle of�he Property,shall apply any Fund,held by Lender at U�e time of acquisition or sale as a credit aguinst the sums ��,;.r,:.
<br /> secured by this Securiry Inswment. _--_=
<br /> � - �:,_ 3. Applicati�w of Poyments. Unless applicable law provide+ otherwise, all paymen�s received by l.ender under _�__—_
<br />� piuugraphs I and 2 shall be applied: first,to any prepayment charges due under the Nae; secand,to amounlx payable under �__�
<br /> parugraph 2:third,to interest due;fouAh,to principal due;and last,to uny late charges due under the Note. !M a
<br /> � 4. ChArges; Liens. Borrower shall pay all taaes, assessrnents,chnrges, fines and impositions uuribuwble t�� thc �.�'�:t;�:,'m��
<br />� , property which mny attain priority over thi.Security Instrument,and lensehold payments ar ground nsnu,if any. Borruwer ti , w
<br />� ' � xBall pay these obligations in the m:umer provided in pur�graph 2,or if not paid in that munner,Barmwer�hall pay Ihem on • .. ;,.. �
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<br /> . time directly to the person owed payment. Bortower shall promptly furni,h to Lender all notic:cs of amounts to be paid under , : _
<br /> . this pamgruph. If Borrower makes these payments directly, Borrower shall promptly furnish w Lender receip�s evidencing ',�,..�;�.'�s:_..
<br />-�� . lhe payments. ��"--'
<br /> Borrower shall promptly discharge any lien which ha+priority over�his Securiry Instrument unle»Bortower.la►agme� {.•7,,.�f_.
<br /> in writins to the payment of Ihe oblisation secured by the lien in a manner acceptable to Lender,(hl conte,�s in good fuith the ;: . .a .Y.
<br /> lien by,or defends aguinst enforcement of the lien in,Iegal praceedin�s which in the Lender'�opinian oprrntc to prevent the � " '"�,�`r
<br /> " enforcement of the lien:or(c)secures from the holder of�he lien an agreement sutisfacwry to Lender suborJinutinb the lien � :
<br /> to this Security Instrument. If Lender determines that any part of the Prop..ay ix subject tu�lien which muy:�ttnin prioriry � ,}
<br /> over Ihis Security lnstrument,Lender muy give Borrower a notice identifying the lien. Borrower sh�ll suti.fy the licn�>r take t ;• ;;;
<br /> - one or more of the actiuns set fonh above within 10 days o f the giving of notice.
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<br /> o � 5. Na7ard or Property Iwsurance. Borrowcr shull keep the improvements now exis�ing on c�reafler erectcd un the �
<br /> Propeny insured against loss by Gre,haz:►rds included within the term"extcnded coveragc"und any othcr har.arJx,including ;
<br /> .. floods or floaling,ior which Lender requires inwrunce. This insuraix:e shall be muinroineJ in ihe umounts und for�he
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<br /> . Form J028 9190 i/wgt:nf e�prs 1
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