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<br /> ` 'L�GE!'HFR W1TH atl the impcovements uuw or heteafter erected oa thc piopetty.and ati easements.apputle� �.
<br /> • ` ' ead fiatu�es now or heiea�ier a part of the pmpe�t,v. A!1 reglacemenc�and addirions shall atso!�cbvered by shis Securiey ,
<br /> - tostiument Ari of t�e'faegoing is cefzaed to m tjus Securityr tasuument as t'he"RopercY= � .
<br /> -°� 80RROWEIZ COVE1VMjTS that Bottvwec is tawfully seised oF the�es�ate he�eby conveyed and has ihe risttt�to g,r�nt �__
<br /> -_-— aM convey ttie PropeRY and It�at the FrapenY is uneacumbez�d:except for encumbrances of record. �orrower wartants and �_—
<br /> — = a wiU defend gener�lly the atIe to the PmPertY aSa�nsi alt claims and demandy.subjext to asp encumbrances of recaM. �
<br /> -_ ---�: ` �'i'EIIS SERitilfY INSfRtilNEt�4T rnmbi�s�ana covenanGc for.nativaal.use arid naruniform cavenants.with _ - _
<br /> �:� timited vari�tiaos isy jusisdicdoa ta constitute a unifoms secucity insarument coverinS real ProP�Y• = � _--
<br /> . . EJNffORM�OVEI�IANTS. Boao�ret atd Lend�er covenant a[d 3$ree as foUows: E-r��_-= - _
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<br /> ."- • t. E�y�est ot Pri�cipd s�d Ltenst:Pce�PnSme�t ad Ls�e Cf�rses. Bormwer sh�Ii promptty pay wtten dae the �,;����...
<br /> P��P�of aod intenest o�ihe debt evidenced bY the Nae aod anY P�t�Y�t and tate cLar�es due under the Note. �:�_�•4���y�=="°---
<br /> L Elud4 toeTszes�(s�ti�ca SubJect u�aPPlicable lavk or to a written waiver by Le�er.Horrower sh�ll F�Y� �":�:;�-.-�_=_=�=-
<br /> Lender oa the day aaathiY Paymems are due nader the Note,om�d�e Nae is pai�in fuU.a sum t"Fiuids")foa ta).yeady •:�==��-;
<br /> ,� over t3iis Seruri InsUVmen[as a liea aithe PmPerty:@)Y�Iy te�ebold =:�=� ,�,.'�L��"-;-�-_
<br /> �� t�ces aad assessments whicA may auain{xiotity tY „,c�r�y=e �ms; ca� y�y a�oa =::n-� `�:
<br /> . = PaY��°���ts on tAe Ptopeny. if any:(�)y�y f�azard or propeRY � P��+ ��.`:,_���;
<br /> wns,if an .and(n anY sums PaYa61e._by Borrower to ,�;{:aa-• •� r
<br /> '°-`_ �p��,�f any;�e��re�r mortgage i�uaance premi Y' n�=2_,
<br /> � -- • },eadtr,ia accaNar�ce aith the provisions of paragrapli 8,in lieu of the payment of atottgage insa�ce prem�ums. These . . _•}. t
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<br /> ' :=;�. items are c�ed"Fscmw Items." Lxnder may.at any time.coilect aud hold Funds in an amount not to exceed the maximum� . ;,: -��:.
<br /> - �- _ amount a teoder for a federally related martgage loau may require far Brnrower's escrow account under tf�ee federat.Real __
<br /> Estate Settlement P�acedures Act of 1974 as amerded from tune m ame.l Z U.5.C.§26111 et seq.("RESPA").unless anaher �;,���
<br /> - � Iaw tt�at applies co the Funds seu a tesse�amount If so.Lender may.ai aay wne.coltect and hold Fnnds in art amoune not to - -
<br /> ° exceed the Iesser amoant Lendec may est'smate the amount of Fvnds due on th�dasis of curient data and reasonabte � . . �, --
<br /> . - . . estimates of espenditrms of futu�e Esecuw items or othecwise in accordance witl►�PPlicabte taw.. . ° -
<br /> . '',-' T6e TvndS shall be held in an institution whose depzssits ace insured by a�federal.ager�cy, instrumentality.or entiry ��� ���`h_
<br /> �.w,,4:�,�--.?? '�� � (including l:eader.if t.ender is sach aa instimtion)ar ia any Federat Hane Loaa BanQ. Lender shall apply the Fands to pay ° :_: -
<br /> �..�. , �. •
<br /> . '� � .-:•� the Fsccow Items. [.ender may na charge Bacrower for hotding and apptying the Funds.annually analyzing the e.scrow tC,:: -,r• . -
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<br /> • account,or ve�ifying,the Esemw Items.unless Lender pays Bocrower iatcr�st on the Funds and applica6le iaw permiu �-,. �
<br />_. -. ° ��` ._: ...�_ � '{,����s�c6 a charge. Ha�ve�er,l.ender may_require Bonower m pay a oae-dme charge for an independent real � __ :�>Y
<br /> . , . estate taa ceparting secvice used by Lender in crnmecaon with thr.s loan,unless applicabTe law pruvides otlterwise 1Jnless arr . ` :
<br /> �. agreement is made or applicable taw requires interest ta be paid,L�der shall not be tequired to pay Borrower any intecest or � :� '-�=
<br /> eamings on ihe Funds. Sarcower and Lender may agne.ifl writing.however.that intcrest ahall 6e paid on the Funds. Lender ' `�`�
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<br /> . � . � shall give to Borrower.wi t hout c h a rge.aa a n n u a l a c�oantin g of the Funds.stu�u-ing credits and debits to the Funds and the ` ' � �:�
<br /> . ' , ' purpose for which each de6it to the Funds was m a de. T he F un d s are p l e d g e d.�a d d ition al security focall sums secured by < < :;��
<br />. • ,�. , th'ts Security Insttumetif..'' ; "' . '�"-;_.�;"
<br /> ' ` „ If the Ft�nds he l d by L.e n d e r ex c e e d t h e a m o u n t s P e r m i t t e d t o b e'1 t e l�'B y a p p l i c a 6 l e l a w. L e�d e r s h a l l accaunt to �„ ;, �i�
<br /> • � ` Batrower for the eactss�ds ia accordance with the reyuiremersts of applica6le law. If the amount af the Funds held by
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<br /> ' � � - Leadtr at any time is:noc s u f�cient to pay[he Escrow I t e m s w h e n d u e.t x n d e r m a y s o n o t i f y B o r r o w e r i n w ri pn g.an d,in !� ���f�::�;�_�
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<br /> such case Borrower sha�l pay to Lender the amou�nc�cessary to matce W?the defrciency. Borrower shal! malce up.the �:� . _��
<br /> ' � - � deficienc y in no more i6aarwetve snonthly payments.Gt E.znder's sole discretia�- '` `
<br /> . .' ' Upon payment in fali of atl sums secu r e d by t h i s 5 e c uriry�n s t r u m e s i t,i.e¢d r r s h a l l p r o m p t t y re f u n d�o B o r r o w e r a n y � , .l``. �!`�'�
<br /> � �. ;, Funds hetd by i.ender. Tf,under paragraph 21.Lendec s1�a11 accluire°F seA the Praperty,l.ender,prior to the acquisitioa or � _
<br /> sale of the Property.shall appty apy Fsndc held 6y Lender at the ume af acqvisition or sale as a credit aga'snst c1�r smr�s f
<br /> ��. ' • secured by this Security Inswment �
<br /> ' � • � • 3. Appltcation d Ps�ymeats. Uniess applicabte ta�H provides otherwise.all payments received by Lender under , . , -.
<br /> � paragraphs 1 and 2 shall be applied•first.to any prep�y�ment chargec due under the Note;seCOnd.to amoun[s paya6te dndet
<br /> •' paragraph 2;third.to interest due:fatu[h,to princip a t due;an d t a s k t o a n y l a t e c h a r g e s d u e u n d e r t h e N o t e. � . _
<br /> - - � 4. Clwr�es; Liens. Borrawer�alt pay all taxes. asse,sments,charges:fines and impositians attri6ntabte m ike � , �-
<br /> . � .� � . pm p e rt y whicb ma y attain Q r iariry uLer this Securicp Instrument,and leasehold payments or ground renu.if any. Horrower � i. ,'„'_
<br /> � shall pay thesc obligatiarts�n the manrict pravi�ed m paragrap h 2,or i i no t pai d i n t h a t m a n n e r.B o r r o w e r s h a l l p a y t h e m o n . � ''�
<br /> � : � � time directly to the persmi owed paymenl. Borrp�eg sJ'�all prompdy fumish to Le;:der all rtotices of amounts to be paid under .
<br /> • • � ••. this paragaph. If Bo�rn wer makes these paymenu directly.Borrower shall pror.�ptly fumish to Lender recei�ss ev�dencing .
<br /> � '� � � ' the payment�. � � �` � .
<br /> � Horrower shatl prompdy discharge any lien wiuch has priority over this Security Instrument untess Boirower.(a)agrees f�
<br /> � in writing to the paymer.t ot the obiigatian secured by the(ien er�a manner acceptable to Lender,(b)contests in good faith r2�c , r .�:
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<br /> ' Iien by,or defends against enfarcerssent oF the lien in.fcgal praceedings which iR the Lender's•opinion operate to prevenc the � -
<br /> � � cnforcement of the lien:or(c)secures trom the�otder of th�lien an agreement�atitifartory to Lender subordinating the{ien ; : �
<br /> � . to lhis Securtty Insvument. lf l.ender determines that any part of the Propen�i�subject to a tien which may attain priority , _
<br /> � • over this Security Instrumenl.Lender may give Bosrower a notice identifying ihe lien. Borrower shall satiyfy the licn or take ; .
<br /> ' � � � one nr more of the actions set foreh above within 10 days oF the gic•ia�at notice. � � .
<br /> . ' ' S. Ha�rd or Pcoperty Imsurance. BotTOwes sha11 keep th:improvemcnts now exi+ting or hercafter erected on the ;
<br /> • - ' ; PropeRy insured agains!loss by fue.6azards iactuded wilhin the term"cxtcrtdcd coverage"and uny othcr hazards,including ;
<br />' • ftoods or flooding,for which l.endzr reyuites insarancc. This imur�nce tihall t�maintaincd in �he amoums and for the �
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