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<br /> � <�m�nt All of the faegoiug is[efar�d w iti ihi�Sa;urity inso�u��s�"�►'°P�Y•" ` .
<br /> ` BORROWEK COVENANTS tl�t Borrower;s fawfWly scised of the es�ate,t�aebY c�veyed and Ras t6e rigt�tt ta graat .
<br /> and canvey the Roperty�ud t6at the PtopertY is�nencumbMed,eacept fa�nciunbrsnces of recasd•BorrourQ watraets�d _ .
<br /> ' v�rill defend gener�lly tbc atte to the Ptoperty aga►�t all claims aad demaads.sub�to any encumbranae.s of recdr�d.
<br /> THiS S�CURtPY INS�fRUMEAT ccxnbines unifaRne wvenants fa national use apd non-unifam cavenants wiih .
<br /> ` ._ Gmited vuia6oas by junsdction�constitute a nniform secu�iy insuus�t cmering ceal pcn�tY• .
<br /> UNffORM COVENA1�Yi'S. Batmweraadl:endercovertant aod agree as.folloxrs: -
<br /> �, p�Y�q�pr�ipai�d IiteFest:P�tpaln�n�s�d l.atc CUnc�s Boaower shaU porn�tY PaY�'�°��
<br /> pripcipil.of�nd interest on the de6t evidenced bY d�e Note and�nY 1�PaS'�aad Iate chatges due w�der tde Note.
<br /> �.. fl�is tar T�uca a�t�Raica Subject tio�ppticable iap►or to a wntten waives by Lend�e�So►mwes sf�all pay[o
<br /> L.eEdec oa tbe day nwntWY PaYmeats are due under the l�ote,tm61 the Note is paid in fuU,a swn{"Wrids'�fos:la)•Y�Y �
<br /> tues�d assessrtxnts�vhicb may auam priaicy over dus Security t�suumenc as a lien on the Property;{Is)YeatiY�e1�1d .
<br /> p�yme�s or grn�p�d[eats on the Pcupeny,if any: (c)YearJY� °E P�P�Y insiu�nce P�emiamr td) YeulY tlood
<br /> -- � iasurance premiwns,.�f any:(e)Yearly mort8age.inswaace Pmniwns. if any: and(�anY sums PaY��tiY�°wer to
<br /> - I.ende�,in xcordance with the provisions of paragreph 8.in liea of tUce paYment of�nortgage insarance premiums. These
<br />- items ane called"Escrow Items."-I.ende�may,at any time,colloct and I�old Fands in an amount not to exceed the ma�cimum �
<br /> °- .amount a tader for a federalty retated mcnt8a8e Ioan maY recluue f�Boxrower's escrow account ander the tederai Rral --
<br />:=.:�" F�tate Settlement Proceduces Act of 1974 as amerKled trom time to a�ne,,I2 US.C.§2601 et seq.t"RESPA").unless atwther --
<br /> ` 1�w ti�at applies to the Funds sets a lesscr amaun� If so,I.et�er may,at any time,collc�t and hold Funds in an amount�ot to _
<br /> pzseed tbe lesser amoun�. l.ender may estimate tlte aat�r�t of Funds due on d►e basis of current data and n�so�ble --
<br /> = estimates of ezpenditures of future Escrow items ar ott�eiw�in accardance with applicable law. .i tali `or enti � -
<br /> - The Funds shall be held in an instioution atase deposits are insured by a fede�al agency �atnrmen tY• n' , �� -_
<br /> ;, �inclu�ing l.ender,if Lertderis sucfi aa institutioa)or in aay Federal Home Loan Bank. Lender shall appty the Fimds to pay -�-
<br /> suc
<br /> - the Esc�ow Items. L e n d e r may n o t c h a r g e B o r r o w e r f u c I�o i d i n g a n d a p p l y i n g t h e F u n d s,a n n u a l l y anal y z in g the escrow ":�,.
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<br /> :3 .acconnt,or verifying the Escrow Items, unless l.ender�?s Barower�nterest on the Funds and applicable law pertnits �, . m—
<br /> ' Lender to make s�icH a charge. However.Lender may tea��ire Borrawer to pay a one-rime chargc far an indepeadent real t„ V
<br /> �sptc yp��eporpag se�vice used by E.e n d e r ia connection w i�i i t t u s t o a n,u n 1 e s s_a p p l i c ab t e law provides oti�erwise. Un�ess an ��,��
<br /> °'"' � ageement is made or applicable law requires intecest to he paid�.�'�����t be�luired to pav Borrower a�iy intesest or � � _
<br /> eamings on the Fvnds. Bortower and Lender may agree in writing,t�is��s�er,that interest shall be g-�ei on the Fundc. l.ender ':,::_
<br /> � $ K�._�;%, � shai!givc to Boirower,witMut charge,an aonual accounting of the Tvads.showing credits and�nits w the Funds and the .:.: �,_•�.l
<br /> � �'�;��° :, , pucpose for wfuch each deGiS[a the Punds was made. 'Fire Funds are pledged as additze�l security for a11 sums secvned by . - _
<br /> ' �< < this Security Insaumen� .w`+�,� ^', �;.�. `"- -
<br /> 3 If the Funds held by Lender exceed the amounts permitted to 6e held by a�icable law, LGI�YGI 5��11 aCC�I�O ... Y.�>__T
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<br /> ' '. �`�,'°. Borrawer for the eacess Funds in aaardaBee with the requirements a�applia►bte taw. If the anraazu of the Funds lxld by " �=_
<br /> �. �' ;:c',:=.� L,ender at any time is noi sufficient to pay�:e Escraw Items when dae.Lender may so noafjr Beria�er in wriiing.and.in , .�-__� _.
<br /> `-4 �ch case Borcawer shall pay to Lender the amount nesessary to make up the deficiency. 8e�eaer shall make up the , � • ;;-_,_
<br /> ..'='r"'.'F%�'� - � de�ciency in no more than twelve monthly payments.at Lender�sole discrepan. �. . . , ��
<br /> . �'.' �`..-��. ', [1Pon paYment in full of a!!sums secured by this Security Insuument,I.endea sha:i.prom�`d;�•refund to Boaower any . rr-
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<br /> '` � ' Fands hetd hy Lender. lf,under paragrapi�21,Lender shall acquire or sell the Properry,Lender.Frior to the acquisirion ar , _ ,
<br /> �� l� � � � sale of the Ftopeay.shall apply any Funds hetd by Lender at the time of acquisition ar sate as a credit against the sums .�_
<br /> �:':", •��j`�'�•' ' secured by this Security Insu�men� , ' _ �'�•`
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<br /> • ;�?,�''•� �'•• 3. Applkatton of P+�ments. Untess applicable law provides otherwise.all paymems received by l.ender under _
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<br /> • '''- �, '�_ :�.�;' paragraphs l.and 2 shall be appfied:ftrst.to any prepayment charges due under the:vo:e:second,to amounts payable under ,t. ;�__-
<br /> � ' , paragaph 2:third.ta interest due;founh.to pdncipal due:and last,ta any late charges due under the Note. - �'�`� __
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<br /> ?�'•:� 4, Ch�rges; Liens. Boaower s h.a l l pay a l l t axes, a�.t e s s m e n t s.c h a r g e s. f i n e s a n d im p osisions attributable to the -;_���
<br /> ,,.� �1;�' Property which may attain priority aver t�is Security lnsuumen�and leasehald payments or graund rents.if any. BOROWCf
<br /> — <I;all pay these obligations in the manner�ravided in parugraph 2.or if nat paid in that manner,Barrower shall pay them on � �`.
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<br /> ,F-�'- time direcily to the person awed paymen� Borrowcr shal!promptly furnish to l.ender all notices of amounts to be paid under ,,..___.
<br /> � �'�����, this paragraph. 1f Haaower makes these�ents directiy_Baaower shaU promptly fumish to Lender receigts e�•idencing , 3,�;_.
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<br /> � ,����:��;;.;;:; Rorrow•�r sttiaU promptly discharge any[ien which hac prlority aser this Security Instrument anless Borrower.(a)agrees �_
<br /> .;''".��� in writing tott�e paymeat of the obl�gauon secured hy the Nen in a mantter acceptable to l.ender,(b�contests in good faith the � __
<br /> � l i e n b y.o r d e f e n d s a g a i n s t e n f o rc e meni oi�he lieu i��.te ga{gracceding��'�hich in the l.enAer s apinion operate to prCVent ihe •._„ �: ___��_,
<br /> � ?-��: enforcement of the lien;or(c)secures fram the holder of the lien an agreement sati4 factary to I.e n d er su b or dina t i n g t h e l i e n �-- � --.
<br /> '•'��` ro this Security Instrumen� If Lender detertnines that any pan uf the Property is,�u6ject to s�lien which may attain prioriry � Y•-�
<br /> ' �''� over this Securiiy lnstrumgnb l.endcr may givc Borrower a noticc identiiying the licn. Honowcr shall satisfy Ihe lien or take ' • -
<br /> ` �+��L�'" � onc or more of the actions set forth above witMin!0 days of the�iving af notice. �_ . , '
<br /> • .��`-."'i �•��+ ' ." S. Ha2�rA or Property lnsurance: gorrower shall kccp the imprnvemcnts now existin�Qt E�ereafter erected on the
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<br /> ' t�-.. , ._,-. ':`.,';_. Propetty insured agAinst loss by f re.huards included�vlthin the term"extended coveragc'and ar►. other hazards,including � .
<br /> �'l�' `•�"� • ftoods or ffooding.for which l.endcr requires insurs�nce. This insurance shaU he maintained in the amounts and for the
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