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<br /> '.d ` ' 7'OOETHElt WITH all thc impmvemi;nta now or heRUlicr cr��tcd un �hc pro�xny.smd a��cuscmcm.,uppuncnuncGx.
<br /> und Gxtures now on c�reafter a part of ihe propeny. AU repluccnum+unJ uJdi�ions shull ulsa bc cuvcrcd hy Ihia Secur[ly
<br /> _,j � ��^�� ,;� Instmment. All of the faregoing is rcferrcd ro in thi�Sccu�ity Instrument us ihc"PropcnY•" -
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<br /> ���'��;,?�-r •� BORROWER COVBNANTS thnt Borrowcr is lawfulty ,efscJ of thc e,wtc hcreby c�mvcycd•rnc!has thc�IgM ta�nmt
<br /> �'�'�'• �n ' and convey the Propeny and thut the Propany is unencumbered,except for emumbrunce�of rccur�l. Burrowar wurruntx and —
<br /> ���' � ,�" �• rr-',�;.."~ '�:: will defend generally the title to thc Propeny ugainst all claims und demunds,subjec��u uny encumbr�nre.of r�word.
<br /> � ':�i;•.�•s�
<br /> ��`�J�'� THIS SECURITY INSTRUMBNT combines uniform covennnts for national u.e und non-uniform �ovenaatK wiql
<br /> `}���j�' -� limiled vuriAtions by jurisdictiun lu comtitute u unifom�x:curity insuument crnering real prupeny. _ - - ____
<br /> �� UNIFORM COVENAIV'fS. Borrower and Lender covenant t►nd Agrce us followK:
<br /> ��`�+ `��^"• 1. Payment of Principnl aad Interest:Prepayment and Lote Cbarges. Borrawcr shull prompUy pay when due tha
<br /> � d.,�.�..??&., . princlpal of aad interest on the debt evidenced by the Note und uny prepayment and lutc churges due under�he Nac. __
<br /> --_� • Z. Funds for 7tuces and Insuranc�e. Subject to upplicuble IAw or to a written wniver by Lender.Borto�•rer shull puy ta
<br /> .� � • Lender on the day monthly payments are due under the Note,un[il the Nate is puid in full,a,um l"Punds")for: (a)yearly
<br /> � •�xk``W��'= ��• ""� taxes and assessmen[s which may aqain priority over this Securiry Instrumenl a.�n lien on the PropeAy:(b)yearly lewsch�ld _
<br /> . eurl fload
<br /> �• � ���� , payments or gr+ound rents on tt�e Ft'operty, if any: (c) yearly hazerd or propeny in,urunce premiums; (d) y y
<br /> '''' � ''.''`�*�� ,, ir,surence premiums,if any; (e) yeuly mongage insursince premiums,if uny; and (� uny sums puyublc by Barrower to
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<br /> ,,,,. :� �,,_���u Lender,in accordance with the provisions of pacagraph 8.in lieu of the payment of monguge inxunmc�pr�emiums. se -
<br /> ,. ., items are called"Escrow Items." l.ender may.at any time,collect und hold Funds in un amount not ta excewd the mAximum.,
<br /> ;�� "'. - ,, amount a lender for a federally retated mortgage Loan muy require for Fiorrower!s escrow Account under the federnl Real, —
<br /> fistate S�alement Procedures Act of 1y74 sis amended from time to time,12 U.S.C.�2601 rr seq.C'R�SPA"),unleas anullwr
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<br /> ;G;:, • ��� . Is�w that applies ro tha Funds sets A le,ser amount. If so.Lender muy,at any time,collect and twld Funds in an amaunt nat ta ���_
<br /> ' o. �-.. ex4�ed the lesscr umount. l.ender may estimate �he Amount of Funds due on the basis of current dala und rensonabls �___ �
<br /> � estimates af eapenditures of future Escrow Items or othenvise in nccordnnce with npplicuble luw. �r;=y yh_,_
<br /> � I , . �� The Funds shall be held in an institution whose deposits are insured by a federol ugency, insuumenu+lity,ar entity
<br /> , � � , ��nc�uding Lender, if Lender is such an insti�uton)or in nny Federal Home Loan Bank. Lender sh�ll apply�he Funds to pny --�
<br /> .�;.,.. ' •*�y.`�'� .. •• �1ie 6scrow ltems. Lender may not charge Borrower for halding and applying the Funds,annually analy7ing ths e�cro�x �-�-•�-
<br /> � ''._ � account,or verifying the Escrow Items, unless Lender pays Bormwer interest on the F1�nds and applicable Inw perm+r.s ""°
<br /> ���1='"`,�.,,. . Lender to make such a chargc. However,Lender may requice Borrower to pay a one-time chargc for an independent re�i �..;^__
<br /> ' � � � � - estate taa reporting service used by L.ender in wnnecdon with this lonn,unless applicuble law provides atherwise. Unlass an _
<br /> , � ; � . � ag:eement is made ar applicable law requires interest to be paid,Lender shall not bc rcyuired to pay Bartow•ei nny inlerest�ir �;;�_.._
<br /> • i �„�, • eamings on the Funds. Borrower and l.ender may agree in wripng,however.�hat interest shall be puid on th�Fundn. Lcnder ` �__
<br /> shall give to Borrower,without churge,an unnuul accoun�ing of the Funds. showing credits and debits to the Fundti and tfie _ _ _
<br />. • • "' purp�se for which each debit to the Funds was made. The Funds are pledged as udditionul security far nll sumc secured by =
<br /> this Security Inswment.
<br /> - - It �he Funds heid by i.encler excCrJ the a.�iounis permiticd to be held by a�+licnMle law. Lender slwll uccouttt. to [;=Y�==:
<br /> � Borrower for the excess Funds in�ccordnnce wi[h the requirements of upplicuble law. If the amount af the Funds hald by = _
<br /> � Lender at any time is nat sufficicnt to puy�he Escrow Items when due,l.ender may so notify BoROwer in wri�ing,and..in N—
<br /> " such case Borrawer shall pay to Lender the umount necessary to make up the deficicnry. Borrawer +hull mnko up the ��"~
<br /> '." �� �, deficiency in no more thon twelve monthly payments,at Lender:sole discretion.
<br /> V'� . Upon payment in full of all sums�ecured by this Secur.ry Instrument.Lender shull promptly refund to Barrower any
<br /> . ,; „ Funds held by Lender. If,under paragrnph 21,Lender shull ncyuire or sell the Propeny,Lender, prior to the acqui�ition or _
<br /> . sale of the Property,shall upply any Funds held by Lender u�the time of ucyui:�ition or xale vs a credil again�:t thu sums — _ __
<br /> ' � � secured by this Security Instrumem.
<br /> 3. Application of Pwyments. Unle.s •rpplicable luw pruvidc+ oihenvise, all puyments received by Lender under
<br /> � „ � puragrnphs I and 2 shall be applied:fint, to any prepayment rhurge.due under the Note;xecond,to amauMs payaMa urtder �==J" �`
<br /> � parugraph 2;Ihird,to inte►+est Jue;founh,to principnl due::u�d la�t,to uny lut�churgey dur under the N��t�. �_—_
<br /> 4. Charges: Lieps. Borrower shull pay all tuxes, usu+smcnt�, churgc�, fincx and impotiitions attribWUble tn the
<br /> �� • �• Pro p ert y which ma y attain priority over this Security Instrumenb unJ Ien.ehold paymenls or ground rents,if:uiy. Bonower ���,''�-
<br /> � " � shall p�y these abligations in the manncr providcd in paragraph 2,or if not p•rid in that manner.Hnrrower v h�d l pny t hum o n - _
<br /> • � time directly to�he person owed paymcnt. BoROwer shall prompdy furnish to Lcndcr all noticeti of amounls�o lx psud under �-•-� '��
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<br /> •,� , �'� �his purugruph. If Borrower mukes thrse payments direc�ly. Borrowcr shall pmmptly fumi�h to Lender receipls eviJttncing <<����
<br /> • the payments, Y"' �
<br /> • Borrower shall promptly dischurge�ny lien which ha.priorny ovrr thi,Sceurity Imtrument unlrv,Burrower:l•rl,�grees ��"!.
<br /> �' in writing to the puyment of the oblitiution sccured by Ihe lien m u munncr ucceptaMr to,Lendcr:lbl contc.is in gaxl faith the ���_;�_
<br /> � lien by,or defends against enforcemcnt uf�he lirn in.Icgul pr�xcrding�whirh in ihr L�nder�opiniun��perale w prt+�cnt the ��T1:•yt:•
<br /> '�;:s:;'• enforcement of the lien;or(e)secures from the holder uf�hr lien an vgrcement sutisfarlory tu Lender.uburdinnting the lien .;�.� =';;_;:.
<br /> to this Security Inswment. If Lender determines that any pan uf the Pr�e:ny i+suhject ro a lien whicfi muy uu�►in priority '
<br /> �� over this Securiry Instrumem.LenJcr muy givc Bartowrr u notice iJentiFyin�Z the licn. Borruwer xh;►II�atisfy thc li�sn ar tukc
<br /> one or more of�he actions set forth�bove within 10 d�ys of thc giving of notice.
<br /> �� 5. Hazard or Property Insurance. B��rrower sh•rll kecp thc impn>vemen��now rxi�tin���r hereaftet erected on the �
<br /> � • Propeny insured ugninst loss by tire,hatanl� inrluded within 11k�emt"cxtended cnv�ra�c"and any other h:uurJs,iix:luJing ,
<br /> � floods or fkwding,for which Lender reyuire.in�urance. Thi. in.uranr� 4ha1! Ix muintained in Ihr amnunts and for the E
<br /> ., •• Fnrq W28 9�911 i/a�Nr:.%n�wr.�eal .
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