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<br /> . RE-REC :
<br /> . ����.r��� ��� �������� ;
<br /> �fOOE�Fl�R WY7'H all tho improvo�cnte now or her��Rer erectcd on Iho property,end all easemcrde,Kppuetenances,and i
<br /> y � �;:tuzc� no:: c: h�:-w.Qa: » �:s: of t�e pra�rtr. All �'t�larnrnnRl9 •nd �dditlon9 e}�all dso be c�vorcd by thio Security _
<br /> � Instn�ment. All c,f the foregoing ie roferrod to in thl�Socurity inttnament as tha"Preperty." �
<br /> ,; BORROW�R COVENAN7'9 that Bonowet ie l�w(tilly aetbd of the est�to hw+eby convoyal md has dio ri�ht to grant and :,
<br /> ' � -, convcy tho Prop�rty u�d th�t tha Pmperty ie unoncumbesed, except for enci►mbrr.aces of record. Itorcowor w�rnuttn �ad will
<br /> • defeucl gencraUy tl�o titlo to thc Feop:ity ngainti nll cl:Jnu cnd dom=.itds,wubjcat to c!ny encumhr.nces of e•ecord. .
<br /> .� t-a�� THIS SECURITY INS7RUMBNT combiaw uniform covenaute for a�tional ufe�nd non•unifortn covonRnte wlth Ilmtted �;
<br /> •- vari�.tiaas by Juriedictton to constituW a uniform eectulty inetrument cavering real property. _
<br /> ,��� UMFORM CO�+ENAN7'S.Borrower�nd i,ender coven�nt and�groo ae followe: �
<br /> I. Paymtnt of Principal and Interest; PrepAym�t and Iatte Char�es. Barrower shoU promptly p�y when duo the
<br /> . ,, principxl of and interest on tho debt ovIdencal by the Note uid ury pnpayment and late chuges duo undae tho Note. _
<br /> �y 2. Fund�tar Tpt:cs attd Iruuratsce. Subject¢o rppltcnl�le la�v or to a wdt�en welvcr by Lender, Boreower ehdl pay ta -
<br /> ,�1� ,: �r Lender on tho dny moattily paynnenta ue due under tho Note,until the Noro ie pdd in fvll,a sum("Fuads")for:(R)yeuly t�xe� '
<br /> , �;: and a3stssmeate which iasy attain priority over thie Secutity Inehument as a lien on tho Froperty;(b)yeuly leasehold paymeate _
<br /> . or gmuad rents on the Propetty,if any;(c)yearly Us�rcl ot proporty inauraaco premiums;(d)yearly floai insunace premiums, :
<br /> �=, ,• ,�,� � if aay; (o)yc+uly mortgage iasurence pramiums, if any;aad(fl my eums�rayable by Borrow�r to Lender, in ncconl�nce with _
<br />_°�;�.:;.!;�, ' thn provisions of�ragrxph 8, in lieu of We paymeat of anottg,�ge insurdnce premii�.'[�NSes items are callad F�crow Itoaie.
<br />::.°��" :�.,:`, L�,�s�^.ay, at wy ttme, collect�nd hold P1wde ln an amount not to oxcood the miuimum amo�mt s lendar for a fedemZly _
<br />-�.-�'�:��`�.0 tela��l��n�rtg�go loan mity requiro for i3orrower's es:mw oc,GOUnt under tho frederal Eteai Bstate Settieri�eut Yiroco�tA�:�A�4 of
<br />'� �'�'' '�``�'� � A47�&�s�meaded from time to tiiuo. 12 U.S.C.Secdon 2601�et seq.('RESPA"). nntoss�notha law th�t appliea to che Funds
<br /> �a ���,;;
<br />'-'L � '�• sete x ies.ver rsao.m', df eo, Lender may, at any Hme, coUxt tu.d hold Funda in an amo�nt not to excoed the leasor urwune.
<br /> ==�:,'��.'��'� L�eader may estima;n c'�e amouat of Funde duo on ch�b�ie of curroat dntn�nd rea5onnbla estimates of expen�iturea af fusuro
<br /> -�,�us:.
<br />�-"�;''#'{': Bscrow Items or othenvSsa is ao�mrdsnce witli appllcable law.
<br />,-'A�'•:��' '17�e gunds shaDl be haSd 'tn an institution whase deposits u+a issun*d by a fedaral agency, in.qtrumentallry� or entity
<br />.;`�.�tF
<br /> __•��.a� (includir.g Leader,nf II�eadcr ie sucb w inetItutiou)or in s�y Federal Homa Loan Ilnnk.Lsnder ehdl apply the Funda to piy the
<br /> :,��!,,,y� Escrow Items. Ixnd�r nuy not chuge Borr�wer for holding aad�plying t3ie�nde,aanwlly an�lyzing the eacraw accouat,or
<br /> _��-�.. veril�Ing the F.�.nm�Items,unlcse I.ender pu�ya Borrower interest on¢�a Funde wd appllc�ble l�w pen�iEe Lender to m�ko such
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<br /> __�� a c6trgo.Nowevar,Lead�sr msy roquiro Borrower to pay a anatime cbnrga for�n tndepenAeat rcal esi�te wc ccporting eorvice
<br /> --_ :_���� ueed �y Londer iu connection with thie lonn, unlcss applicxbla !4w provides oiherwlse. YJn(cas �n �goxmtmt i� made or
<br /> _���;.�m y�pticn�la law tequirc�inurest to be pu3,Lendar ehaiI avi oo roquiir�+io p�y Bi,�cr auy i;,k;p-t���u:►-,��.r,.��i�ua3a.
<br />-_�.;�,;:,,�� Borrower�nd dxndar rw�y agroe in wrlHng, however, thut interest sha31 ba paid oe tl�o Funds. Leader ehill give to�3n�sow�r.
<br /> _:�:��'ll without chargo> ari mnnual accounNng of Wo Funda, showing credlts and t�ebite to the Fuada snd thn pur�oea for w�ich oac�
<br /> ��—= debit to tho Funds•wna mAdo.'Iho Fuads�re plodgod as additioa�l securiey for all ewne xciued by thle Socurity Inehumeat.
<br /> __;,•�.� If the Fimdi held by Lendar axcead t6e amount�permittod to bo beld hy y�plioat+le 1nw� Lender shall�ccount to I3orrower
<br /> - = for the eacese Funds in Rccordanos wiW the requiramenta of applieable law.If the unount of tho Fuada held by Lmder at sny
<br /> --- time i�not suf�cient W pay the Hscrow Itam+whea due,Leader may so noHt�Borrower ia writing,and,in euch c�se Borrorvh�
<br /> ehali pay to Lcmder 4he amouut ue+ceaury to meke up the deficieacy. Bar�ower ahaU m�lce up tho defi:ieacy in no moro tha�
<br /> � twalve monthl�r p�yments.�t Leadoe'e eole diacrction.
<br /> U�on p�yment in full of�11 eum� eecural by this Secudty Inetrumeat� I,eader ehall promptly rofund to l3nt�wer any
<br /> Fu�ds held by Laxler.If;undcv puagraph 21.Lender ehwll�cqutre or sell the Property,Leador,prlor to t�e ncquisition ar wio
<br /> of the Pmpecty�e6�s11 apply any Funda held by Leu�er�t the time of�cquieltion or�le as a crodIt ag�inat the eum�,docurod by
<br /> thie Seaurity Iustrumcr.t.
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<br /> _,;- _�°' i �ad'l ohall be�pplied: firet, to tuny pre}uymeat chug�s dua under ths Note; second,to unouate puyable undor paragraph 2;
<br /> °°�'�_�. t6lyd,W inurert due;fourth,W prdnalpal d�ee;wd I�st,to aa�►Itte chugq due under the Nato.
<br /> .Y _ 4.ChRt�e�;Liens. Horrower ehnll p�y nll tnxas.nssesamanta.cht.rae�, finee�nd�mpoeitione►ettrtbutablo to the Property
<br /> �� which m�y +ttm'sa�r�ority over thte Sxurity Inetiumeat, end leasehold paymente or ground reute, I[�y.P:�r�nwer ehall paY
<br /> the�e oblig�tton�in tho manner provided ia puagnph 2,or if not pud in that m�wer�Borrotver ehaIl p�►y them on tirae dtrectly
<br /> to tho penuu wved pxyment.Borrower elull prompfly furnish to Lreader all noticrs of amounta W bo paid uader thSr paragraph.
<br /> If Bon+ower wakee thcee p+iymentx directly,Borrower e1u11 promptly tUmieh to Lrader roceipts esridencing the p�ymeate.
<br /> Borrower sh�pmmptly diechuga any licn which has priodty over this Security Iastiun�eat unlws Bomower:(aj agrees in
<br /> ariNng W tho p�►yroent of tho obligaHon eecwbd by the lien in�m�nner acceptablo to I.eader;(b)contoata in good fiItl�the Ilea
<br /> — by, or dof�ende against enforcomeat of tho licu ia, legal procoeslinge which in the Leader's opinion operate w pnvcnt tho
<br /> =::_t;;��� enfoa+c�ment of tlie l'eea;or(c)socu�ca fmm tho holder of tho lien�n�groemeat eatiafactory to Lender eubonlLst►ting the liea to
<br /> -.•°.-�eu�a� ctii9 Sticurity Inxtn�meat. If Lendar determinea that oay put of the Pmperty la subject to a H�ea which may attaia priority ovor
<br /> �'� Wia Se�udty Instcuux�ut, L�ndar mny give T�orrower a notica identifying the Hen. Borrower shdl satiefy the luen or take ono or
<br /> =����"�` moro��the actions�set forth abovo witLin 10 days of the giving of nottca.
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