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<br /> � d � "''"�x"' ' TOQE7'HER WITH nll Ihe improvements now or het�eafter erected on the prop�ny,und all cuxcmem�, appuAenanacs, �=.•a�
<br /> .�' ,�,: '..o.�n:.�«-�,.
<br /> -��.R:_�._ �;,; and fiatures now or hereaflcr A paA of thc prnperty All replscementx and odditiune shall alxo be covered by this Securlty �E.•:K::..
<br /> ���_�.,•��,���;�. ' Incuument. All of the forcgoing is referred�o in thia Security Insuument as thQ"P�opehy.
<br /> _ ..«e.;w.�._ _.. s�.. `__�
<br /> ,�+�!' : � BORROWER COVENANT3 that Bcxrower is lawfully seised of iho estato hateby conveyed and hns Ihe t ta granl .�----
<br /> : �- . ,._. �. �r��
<br /> �',�- , . and convey the Property nnd Ih�t the Propeny is unencumbered,except for enaumbmnces of record. Borrower waRanic and
<br /> :a.�h A �� � „ will defend generally the tiNe to the Property ag�inst sll clalms and demendd,aubject to nny eneumbrances of record. �_��.° '
<br /> ., l; :.:�;:
<br /> THIS SECURI'fl( I N S T R U M E N T corn b ines u n i f o r m covenants fw nutional use and non-unifa�n covenants wilh
<br /> '{ �,'" ` ' � limited variaGons by jurisdiction to constitute a uniform security instrumenl covering rcut prope�ty. �_,.�=--_----
<br /> t ','`� � UNIFORM COVENAIV7'S. Borrowerand l.endercovenant end agree as follows: �_�?�'—�`
<br /> — . ' 1. Paymeal of Princlpal aad lnterest;�hre�wyment and bate Char�es. Borrower shull prampily pay when duB Iha . : �-- _ �
<br /> _��; ..:i: �� � �� principal of nnd inteoest an the debt evidenced by thc Note and any prepayrneot and late charges due undcr 1he Notc.
<br />-�„�„ .:,;,sR•..,�,., . : 2. Funds ior 7'ax�and Iasursuue. Subject to appUcabl�lew or to u writtan waiver by Lender,Borrower shall pay ta �—
<br /> a,s �-:y . . .
<br />`�'•-��;:,,.s•.'.���- •. . Le�der on the day monthly payments are due unaer the Nota,untfl the Natu is pnid in full,a sum ("Funds")for:(a)yeatiy --�-,,_.,..a...
<br /> �„� " . twces And s►ssessments which may attuin priarity over this S::curity Insnumant ae a lisn on the Propeny: (b)yenrly leasehold 1
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<br /> —:;�• .;��°..' �,:..�;• Qaymrn�s or graund mnls on the Propeny. if uriy: (�) yeprly hazarcl or prnpeny insurancc premiurns; (d) yeurly flcwd j�as_
<br /> � �' ss`---=_-
<br /> ^'"'s� �� insurence premiums, if any: le) ycarly mortguge insurance premiumF, if any: und lfl uny sums p�yAbte by Borrower tc► __
<br /> -�°�,;..::aa�� Lender,in uccordance with the provisions of parAgmph 8,in lieu af tha pwymant af mongage Insurance premiumF. These -`-
<br /> ��' �'. ' items nre called"Escrow Items.' Lender mny,ut uny time,callect und hald Funds in un umount not ta exceed ihe maximum __ _ _
<br /> �-� � ����''�fr ••;` amoum a lenckr for a federolly reluted mongage luan may reyuir� fur Bnrruwerk e�crow accaunt undcr the federnl Rcul r=��-�__
<br />- • ,:.,: �� � �• ' __... _
<br /> ,�� �ata�e Settlemcnt Pmcedurcx Act of 1974 a�umended tiom lim�a time. 12 U.S.C.�ZGIH��r sry.("RESPA"),unless ano�hrr
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<br /> : - �� Ivw thnt upplicg ta thc Funds sc�c a Ic�+cr um�wnt. If w,Lendcr muy.ot ony tinw.coU�wt und hold Fund.r•in un umaunt�o�lo f�L�--
<br /> excecd ihc Icgscr ui�n�uol. I.endcr may c�timAtc the amaunl uP Fun�1*dua na thu baeix uf cuRCnt dalu and rouronnble ` _
<br /> � �' " cslimatc�of cxpcnditurc,of futurc f:xrow I�cmx or Whcrwi�v in uccardunca w�1h upplicahlc luw.
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<br /> � Thc Fundw �hall bc hclJ in an inxtilwion whu+c depn►ith aru in�ut�cd by u fedarai ngency, instrumentulily. �t endly �,��-
<br /> s li�rludiog IAndcr,ii'Lemlcr i.�uch�n institutinn)ur in any Fedcrul Hnmo���an Bunk. l.cn�r shull Apply tha Fundx to pay --�
<br /> � thc Escrow Itemw. LenJer muy not churge Barrower for hnlding und applying the Funds, unnunlly anulyiing�ha osomw �:�_�
<br /> � �� uccoum.ur verifying tlx Gurow Items. anless Lender puyc Burrawor imon:�t an �h� Funds and applicuble law {►om�ilx �L:1��
<br /> �" Lender ta mukc tiurh u rhnrge. Howcvcr,l..cnder mny rayuiru Bnrr4war ta puy u onc-timc churge(ur un independem raul ` _
<br /> . • , extnlc tux reponing scrvice uned by L.ender in connection wilh thlti I��an,unluxs upplicoble luw provides othenvise. Unlass an � �•:-"
<br />- ugreement is mAde or applicable law requirex interest to be paid.Lendur shull nut be reyuircd Io pay Borrower any intorest or �" _ :.� ��=
<br /> ' ' � eumingx on thc Punds. Borrower and Lender mny ogtee in wnting,haw4vor.that inleresl chull be paid on the Funds. l.endor t . :
<br />. ' „ shnll give to Borrower.without charge, an annuul accounting af the Fundh,shawing credl�s nnd debits ta the Funds and tha � , � . ,i���:
<br /> purpose for which euch debit to Ihe Funds wAS made. 7'he Funds c�t+e pladged us udditianal security for pll sums secutad by ,,.,.t;: � __
<br />' � this Security Instrument. �=—
<br /> � • � If the Funds neld by Lender eaceed ihe umuwUe NC+�iiitied tu bc hcld by applicabl� lax�, L�txkr �hall aceoum to -�.,-• .-- -�
<br /> � �� � Borrower for the excess Funds in uccordance with the req��iasmente of upplfrable luw. If the umount of the Funds hetd by :�
<br /> � Lcnder at any time is not sufficient to pay the�scrow Items wlxn duo.l.cnder may so natify Bortower in writing,and,in
<br /> Borrower shall meku u Ibc ��--- .•L-��
<br /> � �� such case Borrower shall pay to Lender�he nmount�nscessury�a muke up the deficiency. P �,�-::
<br /> ' de�ciency in no more than twelve monthly paymants.a1•L�nd�r x u►Iv discretion. 'i����''�"
<br /> ,, � Upon payment in full of all sums securcd by this Security Ins�mmem, Lender shull promptly refund to BoROwor:u�y " r:,'`j:-_�.
<br /> • • • Funds held by Lender. If,under pnrngraph 21.Lendrr shall ncquire or sell�he Propercy.Lender, prior to the acquisUian or Y � _ ,
<br /> sale of the PropeRy,shall npply any Funds held by Lendor at tho Ume of ucquisitiun or ss�le as u credl� ugainst the sums ;�.� ,,�
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<br /> ` ��' '•� secured by this Security Instrument. � .
<br /> " ' � 3. Application oi Payments. Unkss upplicablo luw pmvidos otherwi�c, nll payments received by Lender undor ' '''.:
<br /> paragruphs I nnd 2 shnll be upplied:Grst,to uny propaym�m chnr�es duo under the Note;second,to amounts payable under _�,_���
<br /> parugraph 2;third,to interest due:founh,to pr�ncipal�due:and lust,to uny lutc churges duc under the Note. ;�;�.•�-'T.-=--
<br />• . 4. Charges; Liens. Borrower shall pay all taxus, u,ticssment�, churges, Gnes und imposiGons attribulable to tho r . _
<br /> �. �� propeRy which may uttnin priarity over �bis Secudty Inatrument,nnd IausehoW puyments or ground renls,if any. Borrowor � j-`�'
<br />� � �• � . shall pay these obligutions in the manner provided in paa�graph 2.or if nu�puid in thet munner,Borrower shall pay them on � _,
<br />" . ` time direc�ly to the person owed payment. Borrower nhull prompdy fumish tu Lender ull notices of amount�to he paid under _
<br />- • this paragrnph. li Borrower makes these paymems diroctly.Bmm�wer shall promplly fumish to Lender receipts evidenoing , _ --.
<br /> G ;;. . the paymems. "_
<br /> ;+��•' Borrower shall prompdy dischArgc any Iicn whioh has prioniy mcr this;Sccurily Ins�rument unless Borrower:(a)agreos ;, t.;� `
<br /> �:=;�'� . in writing to the payment of 1he obligution secured b��thv Ifon�n a munncr ucceptuble to Lender;(b)contests in goai fnith the �,
<br /> ;':��� lien by,or defends against enforcement of�he lien fn,lugul proceeding+which in the Lender c opinion operute lo prevenl�he T',
<br /> � ' enforcement of the lien;or(c)secures from the holder of�ho lien un ugreem�nt su�i�fnctory�o Lender subordinating Ihe lion �_... �- `
<br />- to this Securiry[nstrument. If Lender determines�hu�any pun of the Property is subjcct to a lien which muy�+ttuin priorily '•'=:#��;=--_
<br /> � • over this Security Instrument,Lender mvy Five Bomo�ver u natice identifying thc licn. Burrower shall satixfy the lien or tako , • t�
<br /> ' • one or more of the actions set fonh above within 10 duys al'th�giving af na�ice. '�
<br /> '. 5. Hazard or Property Insurance. Bormwor�:hull kcep thc improvements now exis�ing or hereofter erected on�he
<br /> '� � Property insured aguinst loss by fire,hai�rds included withiu th�temi"cxtended coveragr"and any other huzarJs. including
<br /> � � � floods or flooding, for which Lender requires insurunce. 7'hib inbun�n�c tihull be mc►intained in�he amounts nnd for the � .
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