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<br /> � 't�OCiETHE�R WI'!H st!ttk,imp�ovements now a hereafUer erecteA on thc praparty.and al!tat5ements.app�utcrtuices. ,
<br /> � and futuns aow arlxrqftt�s paut of the`prbpe�ty. �A!!�replacements`and additioas shali alsv be covard by this Sen�rity .
<br /> � It�aeat.All af tbe faegoiag is nfemed to in tlus Secutity[nstrvmrnt as tNe"Froputy" . � ,
<br /> _� , - BORROVNFR C�UVENAIVTS that Bortuwer:s tawfully seised af the esbte hemby rot�veyed and!►as ttie right to gr+nt -
<br /> — ' ,.aad c�nvey the Pmperty and tUst the Prope�ty is unenciunbaed except far en�rumbrarjces of cecoN. �txrower watrants and . .
<br /> will defexid geaer�lly the titk te ihe Ptoperty agaiiut a11 claims and demaads.su6ject to any�ncumbrances of record. . .
<br /> - -- _ . � 'fHIS S�Cl.1RYi'Y Ii+IS1RlJI►�ENT rombiaes uaifonn cavenanis for natiana!uss and non-uaifomi covenants with --.--.- -----
<br /> � limited variationa by jurisdictian w consptuu a tuufara�securit}r insdument caveriaE�Pr��i'• . .
<br /> - UNQORM COYFI�IANTS:Borruwer and L�Wa cavenanE wd agRe as foltows: ` � --
<br /> -- - l. �ymeat ot Prjatipal aed Lterest:Prepalmeat su�Late ChacEts Bazowa s6a1!pcumPdy PaY when due ihe -_—
<br />- - princip�l of and mtertst ua the debt evidrnced Dy the Natc uW aaY P�Y�������ue�u�der the Note. �_
<br /> �. Fiads tor'13�ses and I�raaeG Sabject w appl'icabta law or to a wntun waivu by Le�uler,Barawer shafl pay to �
<br /> - I.ender on t1�e day mait6ly payments ue dne nnder the Nooe.unril the Note ts gaid in fali.a sam("Furrds")fa:[a)Y�*�Y`' —
<br /> � taxes aad acse�whirh may auain priaityaverthfs Sep�tY Insuuipent as a liea on tl�eProP�nY•(b?Y�Y teasshold ---
<br /> ,;;F � payments or gmund�ents oa tke Ptioperty. if any:.(c) Yeatly fia�aM or ptopeny insurance ptemidnis: td) Y�Y�� � =r----
<br /> � - ��p�u����:fe) Y�Y�rtBaSe���P��f aay;and(�a�iY�t�Yable by @orrnwet to ��--�•--..
<br /> -= ----- - --� I.ender��accoMana with ti�e'psbv{sioRS of ParaSraph 8,in Iteu of:ttte PaYme�t af mort&h$e iasar.utc�Pr�ams-.TI�Se: -
<br /> items are railed"Fsciow Ite�ns." l.ender may,at any dme,caltect ana!k`old Ftu.�ds in an amocmt rwt ta acceed t[�maxumun ---_-_
<br /> amount a`lender far a federaity rclated moctgage toan maq requiie for Haddwer's esrruw account ander the federal Real - �.fy�;--- --
<br /> ;; Estate SeWeme�rt.Roeeduses Act of 1974 as ameaded from wae to URr�e,t2 tJ.S.C.§2601 et seq.("RFSP?t'7.wttas another �J ,�,_-
<br /> ;; law tha�appHes caf c�t F�mds sets a lesser amoune. If so�L�nde;�s?ay,at any tirne,coilect and bold Funds in an amount not to �r".�
<br /> t;:< excad the tesser amaunt 'i,cnder may estimate the�rwuud ei�Funds due on the basis of cu�senc daEa and rrasodabte �• ,�r;�_
<br /> � estimates of eape�i�;of future Escrow Items or otherwise i�s�dancecvith applica6le law. :.:.. - .��--
<br /> �:.-=-,sz_.
<br />,��: . � �; _ • 71�e Funds sS�IIR.be held in an instituGou,whose deposis�ic�:hY a federal agency,ins?�i?sidty.or entiry .�;._-
<br /> � : (including L,�ader.�#:ender is such an instianiaal.a�in a��lib�..L'pan Bank. Ler�der shall apiil}t�+e Funds to paY ' _
<br /> � - -y'� � . . ihe FSCx+aw[tans: "Fxnder may na cl�arge.Boii���ac�T R�`and applying the Funds.annualiy an�tcz'rng the escrow. � �`� --
<br /> '`::. .{•`>,'-s.rZ ° � ovQmr�.a�verif�utg the Escmw Items, oo�Ies�•li� . .�3�rtower intenest on the Fw�ds and appliq6le law pem'►iu r
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<br /> ,.. -� M°• � i���,y�,�lce sucb���:���.�:�,��Y'�����ower•to paY a one-time charge for an independent nea! �
<br /> `.��`�'•;��`�� .. - es�,��r�;ieport�service ase�LTy L-��aur�on wrtb tius toan,anless applicab2e law provides otherwise. Elnless ari =
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<br /> :��:�,�;ti� �f. • ' a�..�t is m�e� licable G:ra. " �st to 6e aid�der st�aU not be u'ued to Borrower an interest or _ -
<br /> . � :f_;:�•,. . an t1��as:Borrower�s.�L'essrder�a in wri however,zhat interest shalt be d on the Funds. L.ender - `. =-=
<br /> � -:.: . -��..��_-` � �4 i Y� �, h P� -�.
<br /> � �� �-< st�II�''.%e fo Batt�u��withaut�.�"e;an annual accounting of the Funds.showing credits anc!debits to the Fimds and the , ' r �-
<br /> L'.- ' `-r�'fif`- pu.���;fflr which each de6it tu�e�nds was made. The Fuatd�are pledged as additionat security for aIl sums sec�ed by ;r;r; . =_
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<br /> +�;*a.�;::r�}�g.��;.�; _ I f t h e F u n d s h e l d by l.e n d er ex c e e d t h e a m o u n t s per�i tt e d t o b e h e t d by app l i�T°."s a a,..�e t i d�.�r s h a l l a c p u n i t o E:�F�'�`���%:"-W
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<br /> Borrower for the excess Funds in accardance with the requiretnents of applicable law. !f ihea�p�af�e Funds itefd by ��,'ir,".i�r�J;`�:
<br /> � _ _ `:-"' ' Lender at any time is not sutticient to pay the Escrow Items when due,Lender may so notit�Sorros�er sn writing.and.in �. �.'.;'.::f�:4�.�`�_-
<br /> • , ` ��'_,,.,;;- , such case Borrower shaU pay to Lender tbe asqo�t�ecessary to make up the defciency..BorroweT shalt maice up the '". ' ` " •� � _
<br /> .0 • � --
<br /> . • �.`-;'^ff;�,: " defi��iency in no morc than twelve monthly paynents,ar Lender's sole discretion. , , �.;f;: :-
<br /> �� Upon payment.in full of all sums secured bp�his Secc2ai¢�:L•utrumenl,l.ender shall pramptly refund to$onower any `�
<br /> � Funds held by Lender. If.under paragraph 21.l:ander shaii ac.o;;ire or sell the Property,Lender,prior to the acquisition or , -y-.�
<br /> %;'� � , sale of the Property,shall apply any Funds held by Lender at the time of acquisition ar sale as a credit against ihe sums ', �
<br /> �..'•' � secured by this Security/nsaumen� . '
<br /> i".�. . ._• . 3. Appllqtion of Payments. Unless applicabte law provides otherwise,all payments received by Lender under • �
<br /> , .,.._:i.:. .;�. ,,.. ' ,�'
<br /> :� . �-:t,;,,;,�:;•.., paragraphs 1 and 2 shaU be apptied:fir��to any prL�ayment charges due under the Note:ss��cond,to amounu payable under �`�. -=:
<br /> � �-� r•f::.,;�y; • : ;:�.
<br /> ,. . ,,;,.,�,..,,,��,';, paragrapt�Z;third,to interest due:fourth.to principal due;and las�to any tate chazges dc�e w�der ihe Note. ., . .,..,
<br /> ••� �'•• 4. Chae;es; Lkns. Borrower shall pay all taxes,assessments.charges. fines anc�impositians attributable to the . •;,;�:`:�, . � •
<br /> �. . ..f?... , , � �..n .=;�.:
<br /> ' � Property which may attain priority over this Security Instrument,and Ieas�7A payments ar ground rents,if any. Borrower "�r'�'" �
<br /> • '' , .: . . ., ;��,zi,:,. .
<br /> ��;`„ :• '• ' .' shall pay these obti,gations in the manner provided in paragraph 2,or if r�mx paid'm that manner.Borrowee shall pay thcm on ' <<�' ,.; . ,
<br /> ,:t,,. • time directly to the�erson awed paymen�. Borrower shall promptly fumisRa so Lender aU notices of a;.�au�+:}ro bc paid under � ' .. �<a'
<br /> . , ` :. '�;•.�`?.j}-� � thiy�mcxgraph. li Horrower makes these payments directly.Bc�±rower sha3J prompdy fum"ss?�to L,e::3�r.:eipts evidencin8 � ��''�;�`;�;;'; '�r
<br /> � 1h2 a�S:a71C111S. . , :',1:;.:
<br /> �_ p�a�ower shail pmmptly discharge any lien which has p�at�!y over this Security lnstr��:::u^f:ss�3:�^�ower:(a)a+arees ,'<;`'• � `
<br /> � ..:
<br /> . in writing to thc payment of the obligation secured by the lier,yn a manner axeptable to Lender,�b)cu.?��.w>iA good feulh lhe ' `
<br /> � ' , , tien by.or defends a�ainst enforcement of the izsn in,legal pracecdings w•�ai�in ihe Lender's opinio»r�ate to prevent the � ';��2-
<br /> enfa.�nent of t�t�en;or(c)secures from t6e h���:�of the fien an i►Sree�ent satisfactory���.ender suiidrdinating the lien � �: .. ;:s: ,..,-„_,.
<br /> • � ' • to thas�Sre�uity lnsvument. If Lendes determines tY:a!a:iy p�t��+!ihe Prope»y is su8jecr c�z a tien which may attain priority � ' �:;'�tit,, • � �•
<br /> • over�hi3,Security Insirument,l.ender may glve�ocroa•er a n�ideniifying the lien. B��m��er shalt saGsfy the lien or take •. � �.,:��;:�.,
<br /> � . � � one or;�ose af the actions set forlh above within l0 days of t�+e g`.ving of notice. � . �
<br /> � 5. Hazard��roperty Iesurance. Borrawer�hat Keep the improvements naw exis�ing�r hereafter erected on the
<br /> ProDerty insured a�st toss by fire,haz:uds enYl43ed uithin the tcrtn"cxte^.ded coverage"and any other hazards,including ,
<br /> • � . . • . ' ftoods or ttoading.for which Lender requires irs'ST811CC. TIfLS IIISUI'dIICZ S:�wtl bc maintaincd in the amounts and for the f.
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