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<br /> � 'i'()�iE'i'�iER�1VtTH all the imymvements mw or Q,�reaA:r erecte�on the pcopesty.and all eas�meats,aPP
<br /> wtenanceis�aad �.�..+-��
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<br /> fixture.s ao�v ar hereufter a part of t�e prayeYty. A!1 m��acat'ants ssnd additionS shall �fso be covered by this Set�sarity
<br /> - -- . • ».,.s_..,v.��..:�•hca c�,�[rn;taamrnt ns the°P�ois�ciTi•� _--
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<br /> SORRO�/ER COVENANSS that Sorratver is tatvfally seiscd of the estatc her�3 cumreye�and has the n�►t to�u sao
<br /> � caavey the Propzrty and that the Prop�ty is ur:encu�bered.eacept for encumbrnnces af resord. Borrower warrants and wilb ��
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<br /> --- �defettd genzral�y th°6tte to the Propercy aSaiast all ciaims ar.D dem3nds.subject to aray encumbrances of record. ��___.
<br /> 'd'IdIS SEEURITY INSTFLUMF.NT combines enifocm coveuants for nattonul use end non•uniform covenants with limited -
<br /> variaiions by jurisdiction to oonstitute a uniform sQCUrity instaam.em rnvering reFil proDQ�S+• �.;,...:.
<br /> . UNIFORM COVENANTS.Borro�ver a�r!Lend=s coveatant and ugree as follows: a when due che �''".--'�-
<br /> � l. Payment o4 P�indpal an� Interest; Y�r�ymen4 and Late Chsrges. Borrowes shall promP�Y P Y -
<br /> ��%�� principal of uud interest oa the debs evidenced�sy the Note und auy Pre�►Yceent an11.�tQ ch�es���►E K°'te. i�_-_
<br /> 2.Funds for Teges sud lnsm'�-S+ib;ect to�licuble la�v or to a written waive.by Lender. Bor+�+ower shall pay to �_�---
<br /> ' l.eaider on the day monthly Qaytaenis are due ur.dec ths No�e>unv.�the Note is paid in fu}�,a sum("Funds°)for. (a)Yea�'IY taxes -_,_.-
<br /> � and assessments which may attain priority oves thi5 Seauity.:c�trument as a lien on the P4vgectY:(b)YeariY leasehold paymenu -- ---
<br /> oT ground rents on the Property+,if any;(c)Y�'IY h.azard or property ir.sursnce premiums:(d)Yearly ftoad insuranoe Premiums, —_-
<br /> . if an y:(e)YeariY mortgage msuranre premiunts.if any:ar.d(fl any sn�s�ayable by�ormwer to Lend2r,in axordance with -- --
<br /> ' - the g�ovisians of ps�sag:aph 8.in(ieu of the paymsnt o f�r t gage ins u.-��x p r e a u m�a s.T h e s e i t e m s a r e c a ll e d"Escrow Itea�s.° �'_:.:.
<br /> LeaAer may. at uay tuna.collect an�hatd F�ads in an amount not w eacceed[he mazim.�±n amo:ma�tender for a federatly --
<br /> relaied.mo[tgFi�s I�a�cnaY ceo,uire fos I�:*_ravrer's essrow asxownt uadQr the federa! Re�fl Estate S�tctsu�at Procedures Act of �,:__
<br /> ' 1474 aa stncit�eec�:f�'aro ti�e to dnFe, 1Z U�S.�.�cion 2b�D1 et seg. ('P.�SPA"),unless�oth:r law t�t aPPlies to the Fun�s rT'.
<br /> � sets a t�ser r�ztnaimt:if so, Lender may,at€n1,time,coltect and�o;d Fuc�in an amount not to a�oeed the lesser amount. _.�..
<br /> • Len,dee taay��sf�li�Et�=2he am.nunt of Fund3 drts ot��the basis of current dal��;r•�3 reasonabte estimates af expenditures of futurc �:
<br /> � . �scraa►ttea7s or ather►viss�n accordance witli applicubla 13v�. �"'_
<br /> The Funds sl�be Iteld iR an instituaon whas�e depasits are iasured by a federal agency, instrumentality. or entity ��
<br /> (inctudiaa I�der�if Leader is such an ittstitution)aY ia any Federal Hom�Loan Banlc.Lender s6a11 appl��Fan�s�un or �;'4�
<br /> ,,,...' � Escrotv Iu�.�:ct�sc�may emt charge Earrower for holding and agptying�e�unds,annually analY�B
<br /> vesifying the F.�arav�Ite�n.ut�tass I�ader pays Borrower interest on the Fmx�s and applicable law pemuts lrender to make such
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<br /> �'��� a cS�rge.However.I.endsrzanf.cegc��Bor�ower to pay a ono-time cfiarge for an indr,p�adent real estats tax�P°rti�g s�� —_-
<br /> " vse8 by Lender in conmietid�s.svlth this loan. untess applicabie law provides otI��is�. Untess aa agreemett4,�made or ---
<br /> . . . applicable law tequiies inderest to 1�Paid,L�der shall not be ceqaite�to pay Borror,�r:�ay interest or eamings at�th�Fuads. . • -9-�-
<br /> . Bormwer and.Lender may agree in writing.�a'xever,that urterest shall be paid on the Fands.Lend�shall give to Barcower, -
<br /> withaut eharge,an annual accowaring of the�Tsnds, showing credits anc4��.bits to the Funds and t��supose for whieh each . .a--:
<br /> � da�ii�s�1 the Fund�was made.T6e Fnnds are pledSed as additio�l sewri:f��r ail swns secure�by th�ar�dty Ls:�nt.
<br /> • . :.�;;t'�t.he Funds he�d by I.e�or excee�the amnnnts pe�ad co be held by applicable 4aw,Lender sh311�accrn.[nt.t�Borro�'es
<br /> � �. fot:t€r�excess Funds ia acxorQance with the requicements�ff�gptieable law.If the aaw:sut of the Funds hetd.b�y.JC�'�:r at any �.:
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<br /> . • �imx��at suf�icz►t to pay the Fscrow Ttems when due,Lender may so n�atifS+Bor�ower in writina.nadt in su�°�S�''���`...
<br /> �. - sh�lD�.m Leti�c ttle arcwunt neces�uY to malce up the deficiency. Borrower sY�all make ap ths�u�:�+ in no mora t�r ..:.
<br /> twetVe monthly payments,at l�dar's sole discr.,�on. �"' ' '
<br />.. . .��:pon paymeat in fuli og al�,Eums sec�ued by tbis Secairity Instnunent. l.ender�all promptly refund�.��.?ower aay _�.
<br /> . ': Funds�6eld by Lender.If,under��raph 21.Lendee shail acquire or sell the Prop�rty.B.ender.prior to t�e���a;a"�a7 or sale =r�..
<br /> � ' . . of the Properiy,sha11 appIy any Funds hetd ti�Ceader ai the time of acquisition or sale as a credit agaiust the sy�secured by r`_
<br /> this suurity Iosm,ment.
<br /> . . � .3.Applk�8on oi�nyments.Unless agp�:�ble law provides othenvise.a11 payments received by Lender u�r3�r�para$�phs ls;::�.
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<br /> � t�2 s h a ll b e a p plied: �first.to any prepaycn�charges�e uetder the Note:second,to amounts payable ur►ds4;;�graPh 2;
<br /> � [1"sfahd�,�'o iater�st due;fourth,to p:i�ipal due;and last,tn,�:y-.2ate charges due un�er the Nate. � � • t .:-.
<br />. `.:,4.CBarge.s;idea�.Borrower shall pay ail taxes,as�smenu.char,�ea. fiaes and impositions ami6utable to the Property
<br />' " • � �,'.�ich may attain prinrity over this SecarItY Instrument, z;�.leaseh�?���nents or gmund rents.if any. Bormwer shall pa;r. ... . ��_
<br /> , ifi�.�obligations nn the manner proviQed in paraguph 2,a`rif�+ot paid:i^��t mau�r.Boaower shall pay them on time dire�if�'.'- � �;
<br /> .,:,•t{. .j:.. . t�y W�:Person owed paym�nt.&sc�awer shal!pmmptty fumt�to Lender ali notices of amuunts to be paid nn8er tai�paragraph- v�,.
<br /> ==:E��:. . �.: � I��ower mafces these paymc�i:s directly,Boaower shali promptly fumish ta L.endee�ceipts evidencing tha OaY�nts. �-
<br /> ��;x. . , .Borrower s1�a1!promptly dischazge any lien wbich has priority over this Seeurity Yns�nt unless?dorcower:(aj agees in —
<br /> ,. j��� ' writing w t�e pay�nt of the o62igation securrd by the lien in a manner acceptable to Lendet;(b)ooatests ir�good faith the tisn �
<br /> . �� . :.� Dy, or defends aRainst enforcement of the lien in, legal proceeding�wiuch in the Lender's opinion operate to prevent the
<br /> .e�fc,,s,ement of the lien:or(c)secures from the hotder of the lien an agreEmem sadsfaetory to i.cnder su6ordira�ng the tien to
<br /> -.�� ��a�ecurity Instrument. If Lender determines tvat any pari of the Property is subject tn a lien which mt►y atta�n,i.�p?iority over .�•-_
<br /> at --
<br /> tL°,��xurity Jns,nvment.Lender ma/give Boaower o natice identifyring the lien.Sorrower s,'tial!sadsfy the iiect��r take ane or =
<br /> --r�, . �.cg t�;,r�inr�set forth uto�ve within 10 days of the giving of notice. . �. �:�-
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