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<br /> •�� ,° T(lC3ETHER i1Vi'fH ali the impravements anw or hsrwfter Erecaed on the property.and al!easements,appurtenanoes.and ±��'=�
<br /> , fixtures aow or Q�ere�.fter a p3rt ofr the praperty. All replacements and additions shmll also be c.�ver� by this Security "°
<br /> _ Instrument.AII of the foregoing is referred to in this Security Iastmment as the "Property " :=---
<br /> , BQRIiOVVER COVENANTS that Hocrower is lawfully seised of the estate hereby oonveyed and has the right to gr�nt and �`�'
<br /> oonvey the Froperty az� that the Propet4y is unencum�ered.eaoept far ensumbrances of record. Borrower warrants and will `�_
<br /> � defend gen:raliy the dde to tl:e Prap�ty against all claisns aud demands.subjcct to any encumbr,�nces of r�ord. �;._
<br /> �• THIS SECURITY INSTRUMENT cambines uniform covenants for nauonal ose aad non-uniform covenants with limited �_'
<br /> �._:.
<br /> - variations by jurisdiction to consatute a uniform security instrument cnvering real pmperry.
<br /> �`''' iJNQ�ORM COV�NANTS. Barm�+er ar�d t.ender covemant and agm,�as foltoNS: �,°--
<br /> ar—_,__
<br /> 1. Fa�mgni oY Principal and Interest; Pt+epay�ne�and Lale Chaiges. Borrower shall pminpdy Fay when due the � �
<br /> principal of and inter�t on the de6t evidenced by the Note and any prc�ayment and late charges due under the Nate. ��
<br /> 2.�imds for Taxe.s�!I�suirenCe. Sabject to a�piicxble taw or to a wriuen waiver by Lender, Borrower shall pay to ��-,---�-
<br /> Y.ender on the day a3onebly pa.yments arc due undez tte Nate,unoil the Note is paid in full,a sum(°Funds')for:(a)yearly taxes
<br /> and assessments afiich may attain priosI.y over this Seca�rity Instnunent as a lien on the Property:(b)yearly leasehold payments� __
<br /> ���,r� or gronnd rea�c on the Froperry,if auy;(c)yeariY�d�PT�P�Y ins�ramce premiums:(d)Yearly f�aod insurance premiunns. -
<br /> ' if any;(e)Year1Y mortga�e insiunnce prem:ums, if any;and f�es�Y se�ms PaYable by Boaower to Lender, in accordance a+ith
<br /> the provisions of para�b S,in lieu of tfee paymerrt of mortgag�i�nianoe premiums.These items are call�d'Escrow Items." —
<br /> ••:%.. Lender may, at arry mie..coIIecE aad hotd Fands in an amauni�Lo exceed the maximucn amouni a tender for a federalty =
<br /> : ;-o'- relateci suortgage loan may r�quire for Borrower's escrow aocaur�:ander the fedetal Real Estate Setttement Ptocednres Act of
<br /> 1974 ac ameaded from time to time. 12 U.S.C.Se�ioa 2601 et ssq. ("RF.SPp►"),�mless anotSt�r!aw that applies w the Fuads �
<br /> •, sets a lesser smaunt.If so,Ixnder may, at aisy tnix,coUect arcd hold Funds in an aiaount aat to eac�ed the l�ssez amoun� �_
<br /> Lender may estimate the amount of Funds due on st�basis of cusrem data a�-�i reasonable estimates of expendiwres of fntuse �
<br />" _ Essrow Items or otheTwise in accordance tivith appt'scab2e law. ..
<br /> The Funds shall be held in an institution whose deposits are inswed by a federal agenry. insuutnentality. or entity ��?�__
<br />"�•��• (incIuding l.ender,if Lend.,r is such an i-astitution}or in any Federai Harae Loan Bank.Leader s}�ali agply tf�e Funds to pay the �'°�"`
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<br /> -- Fscrow Items.I�nder may nat charge}3arrower for hotding and�Iying the Funds,annualfy analyzing the escrow account,or ��.
<br /> � verifying th�e Escrow Ite�ss,anless Lender Qays Borrower interest�cm tae Funds and applicabte!aw permits Lender to make such
<br /> . �' "` a chazge.Hoivever,Len�may reqaire 8orrower to pay a one-ti�.e charge for an independent real estate tax repartiag service "
<br /> . used 6y I.eUder in oonnec�on w€tb :Iris loan, utdess appticable 1aw grovides otherwise. Unless an agraement is�made or �:.a�.
<br />� apgiicabte law reqnires interest ta M pai�, L.ender shall not be re��::ved to pay Botrower any inteeest or eamings on the�nnds. _ _
<br /> Borrower and l�ender may ai,�in cvr�wsg,however,Wat interest shall be paid on the Funds. Lender shall give to Borrr�wtr, �=
<br /> widiout ct►arge,tuf annuut accoe:s��af the Fnnda,shawing credits and debiu to the Fands and the purpose for whish each —
<br /> � debit w the Funds was m�tck.?['�e�i.:..'•s are plert�eA as additional seeurity for al l sums secured by this Security I�str�ment. ���
<br /> ' If the Funds hetd by Eender ex�,rd the amnurrts permitted to be hetd by applicable law.Lendcr sha11 a�unt to Borrower �
<br /> � far the excess Funds ia acoosdartce�u���S�e requireme�ms of epplirable law.If the amaunt of ths Funds held by Lc�tder at any .
<br /> dme is naC saf�aent to pay th�Escr'��xxms when due.Lendee�ay so�otify�orrower in writing,and.in suc6 case t3�:r�trr�er --
<br /> ''' shali.pay to I:ender the amaunt r.ecessary to make up the defic"re;ity. �osower shall make up tt�deficiency in no mon t�an
<br /> twelve monthly payments,at I.ender's sole disccetion. � ;
<br /> -. Upon puyment in full of atl siuns secured by tlris Secwity Instrument, Lender shall prompdy refund to Borrower nny �'•
<br /> •. Funds held by Lender.If.under paragraph 21,Lender shaSl acq�re or sell the Property,Lender,prior to the aoqriisition or sale _-
<br /> � of the Propetty,s6all ay�ply any Funds held by Lender at the ti�of acquisidon or sate as a credit against the sums sesured by t'
<br /> _ this Security Insuuinent. __
<br /> '.� 3.AppUcation a4 gaymer�4s.Unless appticable.law pravic�s otherwise,all payments received by Lender under paragrayhs �
<br /> . 1 and 2 s}uill be applle�:�rst, to anY PrepaYmeat c�,�,rs due ander the Note: second:w amovnts payable undes paragraph 2; --
<br /> third,to irttetest due;��wmt,'i,to principal due:eiad las:,ta any t�:�charges due under the Note. . ��'
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<br /> n.. 4.Ch�ugRS;_Id�ns.Borrower�;��Fay all taxes.assess.�s�s,charges,fines arid impositions amibutable to the Praperty
<br /> which may:�1az�?�p�^"e•�:.y over ttils Sa.:.aity Instrument.and�.u�c'shald payments or ground rents,if any. Borrower s�.r,l�pay �
<br /> these obligatioi�§in c.fie r�ncr pravided in paragraph 2,or if no:�aid in that manner.Borrower shall gay them on tirae�w.-eatly
<br /> _ � to-the person owed payaa,°r�t.Borrower shall p;�ompdy fumish to Lendes all ncrrxs of auwunts to be paid r.-ai�u this para�,�,rap�.
<br /> If Borrower makes these payments directly. $omower shall gromgtly fumish t��nder receipts evideneing�.°ie�ayatents. • '. . _
<br />, ,� Bonv�st.!er shnit prumgdy discharge any lten whlch has pricr�t��ver this Sv°�,urity Instrument untess Borrower:(�;��:s�irt
<br /> ., writing c�,�t7e payment of the obligation secum�i by the lien in�r�r�r,�Nner accen,rt�le to L,ender,(b)contests in good fa`.4�t•R,xz:lien _
<br /> • by, ar�;�{'st�ds against enforcement of the lien ia, ��al pro�*e�in� whict; ia the Leader's opinion o��::to pTieve�t the
<br /> � enforc�ment of the lien;or(c)secures fmm the hof���r af the lren an agrr.�ment sadsfactory to Lender su�r,�.�ln�Gng t}ie lien to� —
<br /> � this Secur�iy Inspvment. If LenQer determines tha�s�r� pact of t*�a Property is subject to a lien which may attain prioriry over � --�
<br /> • this 5ecur�tg�Ittstrument. l.ender may give Bornswer a notioe id�ti"rying the lien.Borrower shall satisfy the lien or talca on�or
<br /> mare of tY�e actions set fonh a6ove wh►�in 10 days of the giving af notice.
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