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<br /> '1'at7G'i��E�k31'Jp i`�f nll tho improvejii�!IIO 1101'J OY IlCiL1RCP CfCCfCt�Ofl tI10`)PO�T�rty,r.nd nll ca�am�nto,n�puKcri�.��cc��,nnd
<br /> : � fixtueey now or I�creaRer u part of :ha prop9rty. All rcpincc;mente ond nddittono ohall nlca bo covered Uy thIs 8eeurlty
<br /> Instnirts;.ut. All of tho forogoing io referresl to in tWe��curiry[oshument as the"Property.'
<br /> ' 'I RORROWGR COV6NAN'C8 th�4 florrower ie lawtLlly nelsed of tho est�te hereby conveyed and has tlia right to grAnt nnd
<br /> � convey ttA Property�nd thAt the Pro�rty i�unencumberf.d, �xcept for encumbruicea of rocord. Bore+ower ware�nt�nnd wiU .
<br /> � � :. � dofend gonoraUy the title to tho Propetty ngplast�q claims and demands,eubject to any enctunbrances of recond. ,
<br /> ; , � 1l�IS SHCiJRI'i'Y IN5�Y'itUA98IV 1 combincs uni�orin coveiiaute fur nation�l usa and n�n-uuiCorm covcnants witb limitcd
<br /> ,. v�tri�ttioae by judedicNon to conetltute a utdfomt security Wntium�tt covaring real properiy.
<br /> UMF�ORM COV8N�1N7'S. Dorrawor end Lendcr covcnxnt Rad agreo ns followe:
<br /> ' ;;;,�:� 1. Fqymatt of ArincfE►ttl ond Interest; Prepqyment and Late CharQes. Borrower shall promptly pay wken due tho
<br /> y w���• . prtncip�l of aad interest on tho debt evtdenced by the Note snd any prapayinent nnd late chxrgos due under the Note.
<br /> 2, F�tnds t'or Taxe9 And Insuranco. Sttbjxt to spplIcxble lew or to a wriUen waiver by Lender� Borrower ehxll pay to _
<br /> �� Lender on tho day�sonthly p�ymeats�re due under tLe Note,wu[1 tlie Nota Is patd in full,a sutn("Fuuds")for:(s)yearly taxns .
<br /> , � and ossesemente whicli mny attain priortty over thIe Secudty Inetrum�nt ae a lien on the Aroperty;(b)yeu+rly leasehold�Ry�ats ;,-
<br /> �j or groiuid ronte on tho�roperty, if�ny;(c)ye�rly h�uud or property innurence premiums;(d)yeArly fla�od'ecRSUr�ncc�p��eivarr.v, , ;:�.:
<br /> '� if aay; QqT�euly mortgago insurnnce premiums, if any;and(� sny sums payablo by Borrower tca S.ems��c. F�m accoa�,��with ;:,
<br /> tho��Yi.sivn3 of�arngr�ph 8,[n lieu of tho payment of mortgage ineuranca pretxiiums. '4't<<.sa nCer�ara cs�Eed°Escro�v d¢�mas.' •,F+'`.�
<br /> ' l.�o .�cb^ra�r. tt�►ny timo, eollxC e�r.r.d�vld Funds in an amount not to exceed�he mvximumm amount a leadtr for n f�c?QSxlly ��: �
<br /> re1a4�%xsr6�xge losttn �a�y+ reqa�.��fror�urrowe�r'a e�crow account under tb3 ffe�:ral Real E�1n4a Scttlr.me,r�Z Procedures Act of !' ''�`_
<br /> 1474 as av�ended fcom tiaie to li�o, Il2 U.S.C. Section 2601 et seq. ("R�S�l1°),unless anather law that applia+to tite Fuads _
<br /> � � ects a l�s�ee,r amount. If eo� L.endi�a tt�,y, at eny Hme, collxt and hold k�nds i�an amount not to exceed the lesser smount f',;~>�
<br /> � `. � Ltinder m;�r estEmnte tlie au�ount o^r IF�:�sie due on the basie o�caue�r;t d�t�and reasonabla esdmates of expendttures of���re -
<br /> -:� ;�._ Escrow Ic�ms or otherwiee in accordaace with�pplicahle Iaw.
<br /> � ' Tho Funda 3ha11 bo hold in an inatitudon whose deposi¢� au*� ic+si�e�:� by a foder�l ageaay, in4htwientality, or e:nt�ty -_--
<br /> �• �•� (including Lender,if I.eader is�such en Institudon)or in eny Fedenl Hom�➢laa�li�nk.Y.ender ehal!apply the Frunda to p�.¢ha � -
<br /> =` : Escrow Ite�.Lendor may not aha�rg�Borrower for holding wd spplying t�o lFhintiv.�nnodly an�lyzing o'ha escrow accoi�ni,or �•i.'
<br />-"`�`�� ' vori ^ru'ha Esarow Items.unles3 II���ar a e Borrower inurest ou tho Fund9 Aad lica�bla law ��^
<br /> �j,� p y a�pp �cr�i�s IIrnder to mnlcz such
<br /> • a charga.II!{owover,Lender may e+ou;an3aa Borrower to pay a one-time chaige for an iadepen���r:.x!esYaYn¢�x reporting service �-�`���
<br /> �-�_•� � used by l.eader in coianxteoa� av�ie7� ahie lo�n, unlrae applicable law prov[dcs otherwieo. IIdrn9r:�s ar� a�;;srament ia made or ��-
<br /> ;.�•�y:. applica�lo law roquis+�s cyY�scat¢m Vaa p�id,Lender shall not bo required to pay Borrowor�ny aflza�at o•r�nrninge on the Funds. =-
<br />_���r"'��'�"; Barrower tnd L,eader may agroe in wrlting, howover, th�t inteirst eh�ll ba ptid on the Mu�a. Lender siuU give w�3orrower, -
<br /> ����y ""'`'' wlWout charge, aa onnuil accoundz��of tt�o Fund9� ehowing credite aad debits to tho fiu3��mn� Wo purpose for which each =�"
<br /> �",��,'' '.>.�,� debit to the Funda was nocdo.'Ihe Fuads u+e pledgod as ulditionnl secwity for all sumv secure��by thie Security Inahusr��i't. -
<br />""-4=' � � If the Funda held by I.cader e�ceed the amounte pernutted to be hcld by�ppliaable I�w, Lcador ehall accouat to Borso�ver -
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<br /> ��,;,1z�,��.� for tho excess Funds in�ccoidance with the roquiremente of appIIc�blo IRw.If tho amount of the Fuade hold by L�wder�tt wy
<br /> --_.,, -�„� time Ie not sufficleAt to pny the Becrow Itoms whea duo,Lcnder msy eo noNty Borrower ia writtng,�ad,in euch case Sonower
<br /> -����� ahall pay W Lender tho amouat necesaary to mako up the defiaiwcy. Bomower ehRll m�ke up tlia doficiency in no more thm
<br /> __"`""��""'�' twelve monthly paYmeate,at LGnder'e eola diecretion.
<br /> �`�i6'�"�'� Upon payment in fW! of all eum� socured by thie Sacurity In�tn�ma►t, Leader stull promptly refund w Borrower any --
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<br /> -___;;;�� Funda held by I�cuder.If,under pttagnph 21,Y.eader shall acquiro or seQ tho Ptoparty.Lender,prior W the acqtuettion or eale
<br /> "..:..�:;wir�o�e : af�p�1�nY� ��aPPly aqy Funds held by Lender at the time of acquIeItion or sale as a crodIt agninet tho sums eocurod by
<br /> ---°_ -- thio Sacurity Iuatrumeat.
<br />---_:::;��• 3.A,��►lkation of Pitymenl�s.Unlese y►plicable law provides othenvise,all paymwte received by Lwder uader pRragr+ysho
<br /> - ...'""`J' 1�nd 2 ehall ba applied:Sirst, to wy prcpsyment cbargcs due undor the Note; eecond, w�mounts�ayable undar pang�ph Z;
<br /> -- - �-� third,to interrat dw;fourtb,ta prInclpal due;�ad t�ot,to any late chuges due under the Note.
<br /> -- 4.Cluu�es;Liena.Borrower ehall pay nll hxes,�aseasmcnte� charges, fines and impoetflone attributable to the Property __
<br /> -_�6:�;�� whicH mr�y atqtin priority over thia Secwity Insttumcnt, �nd leaxhold psymente or ground rente. if any. Borrower shall pay
<br /> �-.���e theso obiigutions in the mrnner provIdod in pxragraPh 2,or if not paid In that m�nner,Borrower shall puy thera on time directly --
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