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<br /> 'r(IGEIIiER WITH all the impcovanepts now or I�eneaRes erecxod aa�he��Cripaty.aQd all e�emoots.appiu�nar�o�. "
<br /> and fixtunes now or het�eafter a gaft of the praperty. All[epla�ts and additiahs s6s1!also�be caveced by thi�s Securih►
<br /> �All of the fcxegoing is cefemd to in this Socarity L�snument as the"Ptopecty."
<br /> - • BORROWER�COVENANTS that Horravrcr is lawful[y seised of the es�ate hereby conveyed ani!has�he right to g�ant
<br /> ` . . aad convey t6e Pmperry and that the Pmperiy is iuiencumbeted excepufor encambrances of cerord. Bort�wer warrants,and,
<br /> will defwd grnaalty[ise titk to the Ptoperty agauut all claims and_demands.suAject to any enc�unDcances of reso�+d.
<br /> — TfIIS SECIJRITY INSTR[iMENf canbines.nnifarm rnvenaots for nationa! use �md noa�nifam covenu�'ts witb --
<br /> _ limited variuiais by jiuisdictton to constitute a uniform secutity inst�ntment covering teal pcopectY- ` �
<br /> (IIIIFURM COVENAI�'FS. Boczower and Lender coveaaat and aSree as follows: �
<br /> -- - - 1, payme�t ot Pcin�ipd ard Lter�ti P�at aad Late C4atges. Baiower st�all PmmptiY PaY when dae tt�e .
<br /> --- principat of and inte�est oe the de6tevida�ced by the Note and anY P�PaYmeat aad tate charges due under the Note. �
<br /> �:;; � Z Fi�ds for 7iaea and Imrraroa Sablxs ta applicable taw or w a wriucn waiver by l.ender.Bortower shall pay ca
<br />-_ i.end�r on 4�e day moaWy payments arc due s�nder the Note:.untii tLe Note is paid in full.a saw l"Funds°}for:(a}Y�Y
<br /> tues and assessma�u which may auaingna��over this Seeurity lnsuudtent as a iien on tt�Pt�npertY:lb)Yeuly[easehold
<br /> sma
<br /> �a�c�ts or g�avnd trnts on tlie A?6pee4�,ff any: tc)Y�Y ��PnP�Y insnrance premiums:.(dy yeuiY tloal _
<br /> -=
<br /> insurance preminms.if aay:-fe) �ea��e iAS�e premiums.if any. and (�ar►Y sums paya6le by 9aruwer to
<br /> -_�:: L�der,ffi accandance with tt�e g�u+�sia�c o€p�agraph S,in lieu of the paymenl of mortgage iawcaexe pTem�ums. 9]�ese `_ --
<br /> . items ace called"Escraw Items." [xndetesnac.�t.an�r time,collect and le�td�Funds in an amount not to exceed the manemum --- -
<br /> ars�ourit a le�sd�er for a feder.dTg ielated mo;'�...�ge toan may require fvc Basrawer's esecow account.•uader the fedecat Reat :�:�'. _-_
<br /> Fstate SeWement Pt�acedu�es Ac�Of 1,974 as asneaded from time to amG i2 US.C.$2601 e1 seq.("�SPA").unless atsother :-:'-;%:::: --
<br /> taw d�t appGes to tt�e Funds secs a lesser amount If so.lendermay.at auy time,cQifecc2�hoIc�F�fi�s in an amount not to':-`:::��. . ��-
<br /> �exceod tbe tesser amamt I.endee•msy estifdtate the amamt oi ficdds.�e oa t�b-•s.s of stu�,t�a aad�easo�bl�:;cs;�,..`„ _ --_.__
<br /> � - e.nimausot'expenditut+�so!'futureEscEOK���i�em�cd��i�haPP�+���=� - --
<br /> 71�e Funds shall be hetd in an insticumoQ�hose�tcs:are��s�,���y�federat a�C}+ ur.�r,�entatiey.or enpty ,` � 4_-
<br /> (includirtg I.ende�if Leqider is sueh an instituaon)or in�'�'Ba�:�r��an H�.»k>•1�nder;�J:s�y 3he��Ts to p� ;. .. �,.,� _
<br />: �� : t h e E.u c aw item� t:e n d e r nia�n o t c h a r g e B o c ro w e c f c�.�r-��s�?';�Y�n B d-""�s:s,a r-t�J%�L"�:�'a l y z i rt�_the'.f�x oW�;,.,,;: n'� _
<br /> - �'. accamti or verifgmg the Escn3w Items. unless Lender p�.���-;v��dnterest ou i�'��sndc �r��Jic�bte la1t�:�its � a ,_
<br /> y 3 �uiiii���'�o PaY a one-time char��it an ir�ai re� � '`„ _
<br /> ". : Leader to maice sac5 a chacge. However.Lender maY re�=? �;;!;�,'.�4,' �-
<br /> ,.,•;'�,�, � ---•r estate taa repoctusg:seivice used byr L.e n d e r in connection wi t t i t his to�E y 1.�.'s s a p p t i c a b i e t a w p r v v*�o�h e r wi+e::.�:s s��ess a�y ' �•` *
<br /> .�,;,_. '-� , :
<br />,�I,�,,,., �� ���r • a g r e e m e n t i s m a��a{s p l i c a 6 l e l aw r e quires intenest to be p a id,LenCer:�ti�not be required to pay�arrowera��-rest or �
<br /> ¢ - `
<br /> `>;:;: '���.;,��` eamings on tbe�r3s. Botrc��et a n d L en d er may agree ia wn t i n g,h o a::i.a h a t i n t e re s t s h a ll be p aid on the Fur��:3 xn d e r . 1��.::•'.•:-'•.::•'.�
<br /> 7 ` :� .j� ���� '�� ` `shal! ve to Borrower.witts9�ch e,an annual accountin of the Funds.showing t�its and debits to the F�mfs ad the `.,.•.
<br /> � �;, r ;at��.�r�,� _:� ,-+`.�
<br /> g -�
<br /> � . purpo�s�e for,which each deb�e e�ihe Tunds wac made. The Funds are pledged as additiortal security for a}1 stiqr$:�c.�md by,: ��
<br /> . ''*x`•� , �•thisSecuriryInsttument. , �:- :.-, . ,� . .: -
<br /> ��::>`' �
<br /> ��,,� I€the Pimds held by:LenQer eaceed the amounts pemiitted to be held by applica6le law+�c��"j'��.,l.�,.,-a�c�unt tar, -;;�,�;.�.<� --
<br /> ,:.�,' �.�~�.�- ` . t t :>;t_��,:•. ..
<br /> .;r,_;,, Borrower for the excess Funds in accard�a:wlth the requiremenu of applicable law. .If the arr.�mirar-��Faitis held byt,
<br /> i.;��;''=�'� ',�' � I.ender at any tirne is not suffr.c:�.tn��cC.-r 8scrow�as when due.I.ender may so notify�;':.�5s�+�.and.ini ;'__i;�::::r
<br /> r,u�rf i..�_� ;.� ��7r?:. --
<br /> sach case Borrower shal{pa.g��i�:[�iu�'�amount=-��..�.s�y to make up the deficieney. Bomnwer s..aII:a�k�up tta�
<br /> �':'�r;`,�` �,�"`. � . deficiency in no more than tg:d:?rc�iy:�;y�a3'ments,a1�:�vr 4 sole discretion. , � ;- L .
<br /> ���`� �'.'Y�` ,,'{ � Upon paymeni in fuU oE::i'.��Ts'ra s�c,sred by this Security(nswment.l.ender shall pmmptiy cefund to Borrower anyy ' � ' �-t _
<br /> �:'- � Funds held by Lender. If.under paragr^�ti:°.1.l.ender shall acquire or sell the Propetty.i.ender,Frior to the acquisition rn� .�.
<br /> -�;`•:.;;,1�• { .•-`: � ' sate of the Property.shall apply any Fbn�held by Lender at the time of acquisition or'sale as a credit against the sum�, - ; ��;�_.
<br /> -�,._,
<br /> � '� .., . . : ;..•� secured by this Security Insuument. �"�:
<br /> _��, � 3. Applkation ot P�yments. Unless applicabte law provides otherwise.a11 payments received by Lender undet� � �
<br /> � paragraphs 1 and 2 shaQ be applieA:�m.ta any prepayment charges due under!he Not:second.to amounis payabte nndet�• "��
<br /> ` ` '��� ' � '' `� - paragraph 2:third.to interest due:fonnh.to principal due;and las�to any late charges due under the Note. : ,
<br /> :, z -
<br /> . • i :: ,, -._: .i, `:+`-: �
<br /> ; ' • �:;`� ; q. Charges; Liens. Barrower shall pay all taxcs,acsessments,charges,fines and i�repo.a�ions amibutabte to the °''
<br />' ;; �''�''i�• ';'� •k4 Property which may attain priurity over this Security Instn�ment.arfd leasehald payments ar grour.!�sznts.if any. Bnrrowet� -4;�
<br /> ' , ' shall pay these obtigations in the manner provided in para�aph 2.or ii not paid In that manner.Barrower shall pay them on� ..r;r:
<br /> � ��'� � ` time directly to the pasan oweA payment. Boaower shal!yromptly fumish to Lender all nottces oY amounts to be paid under�
<br /> '.,�'.,., � this patagraph. If Borrower makes these paymen�c directly.Borrawer shall pramptly fumith to Lender mceip�s evidencin�� : ;�;_�
<br /> . ' ,.e�:•.. . .- ., , thcpaymenu. ' � "
<br /> *�.:.:�` • � Barrower.�►sal!promptly diticharge any lien which has priority aver this Security lnstrumcnt unless Bamower.(a)agrees• '?,-��'�-
<br /> � '��'�-'•' -.�' �. in writing to the paymeM af ihe obligation secured by the lien in a manner acceptabie to i.ender:(b)cantests in good faith tfF.� �::�W-
<br /> ���'�';';'. ; lien by.or defe��s against enforcement of the lien in.legal proceedings which in the Lender's apinion operate W prevent t?f:� ; --
<br /> .._ ,,....... .:� . :�.._
<br /> enforcement of the fien:or(c)sccures from the hnlder of the lien an agreement tiatisPactary ta lxnder subordinating the licn� -_,.
<br /> , • to this Security Instrument. lf Lender dctcrmines that any pari af the Properry i�subJect to a licn which may attain priority�; � �`=
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