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<br /> �� �� � ' TO(3E7'HER WITH all thc improvementa now or hercafter erocted on the prapeny,smd all eacemems,oppurtenances.and
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<br /> � xR��•• +..:- fixtures now or hercaRe� a pprt ai �hc p�opony. All rcplacements and additians shall �Ico bc covcred bv this Secu�lty
<br /> � �"-c'"�- '"k" Itulrumcnt. All of thc foreguing is rcfcrral tn in Ihis 5ccurity Inslrument aH thc "Paiperty.'
<br /> .i�flfe _�tiM�li �' �.
<br /> - ,�..�;,�„�-.� W��. BORRUWBR COVENANT3 �hut &irrower ix IawPully�cised nf thc c�tuic hcrcby convcyai unJ has the rlghl to grynt aiul
<br /> �x�;'::��ru?� ., convey Ihe Propeny and thut Ihc Propcny ia unencumt�cred, cxcep iur crnumbrnnccs��f rccurd. &�ROwcr wnrruntx wid wfll
<br /> -� . �.�� s defend generully the tide tii the P�aperty agaiost all claims and demurulx,suhjcct w any cncun�hrunces��f reconl.
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<br /> �r• ����- ,•� THIS SECURITY INSTRUMENT combine�u�iPurm covenants for nulianul uk unJ nomunii'umi ravetwnta wi�h limited
<br /> ' �;�. ",�'; • varietiana by jurisdictinn to rnnstitute u unifarm xecu�ity instrumenl cavcring reul pruperty.
<br /> • -���•.::.,s UNIFORM COWENANTS.Ei��rr�►wer and I.ender covenant und vgree uc fiillowr::
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<br /> r;,��, , 1. Poymem oP Prfnc(pal and Interest; Prepayment And Lwte Chnrges. Bc�nowcr shall promptly pay when due thc
<br /> �'rt� � }:.,�'='�+'w-�� princfpal af and intcrest on thc dcbt cvidencod by the Note and any prcpayment und latc charg�x duc undcr thc Notc.
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<br /> �r,; ��.•�. , � • .. 2. Fundr for Tpxes pnd Insurance. SubJect to applicable law ur w a written waiver by Lender, Barrower shall pay to
<br /> - �� : • ".� Lender on the day monthly pAyments arc duc undcr the Note,umil the Note is paid in full.a sum("Funds')Por:(a)yr.arly taxes
<br />��-��' • � and assessments which may attain pdority ovice this Secu�iry Instrument us n Ilen on the Property; (h)ycarly Icaschold payments
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<br /> y� • .• . or ground rems on the Prapeny,if any:�c)ycarly haznrd or property insurancc prcmiums;(d)yearly flood insurance prcmfums. _._ _____
<br /> a°�: ��:r�• • .�. .• if any; (e)yearly martgage insurance premiums, ii any; und(�any sums payable by Banowcr to Lender, in uccordence with _
<br /> � "'"' '`'�"`� the pruviaions ai partigraph 8. in lieu af thc puymant uf nx�il�age iiuurcui�preuiiun�s.Thc� It�ntis are:,allcd"Gscrow ltcrns." ��- ---
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<br /> • ° •+' Lender may, ut any time, collect and hald Funds in an amount aat to axceed the muximum acnount a Iender for a t'ederuUy
<br /> ''�� ,,�`:,� ?`;:,;';`' related mortgage loan may require for &►rrower's escrow account under the f«iernl Real Estate Settlement Procedures Act of
<br />- `�� '�''� •''' � 1974 as amended from time to limc, 12 U.S.C.Sextion 2601 e�seq. ("RESPA"),unless another law that applies to thc Funds
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<br /> ;.� ` . � seta a lesser amount. If so, L.ender may,at any timc, collect and hold Funds in pn nmount not ta excecd the Iesser umount.
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<br /> -, : ` ' Lender may estimatc thc amount of Funds duc on thc basis of curnnt datp and reasanablc estlmatc�x af capendilure4 of furore �'c��*-°�:`'-
<br />-. ., a �.:, Escrow Items or otherwlre in accorduncc wi�h upplicable luw.
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<br /> ' • The Funds shall be held in un institwion whore depn�ils orc insurcd by u fi�crol ugenry, inrtrumcntnliry, ur cntity
<br /> .. (including l.endcr,if l.,�ndcr is�,urh an intitiwtiunl ur in any ���Icrul Hunk la►an Bank.IAndcr shull upply Ihc Fundr��u puy�hc � �
<br /> ,. � � � Escmw Itcros. Lendcr may na�chargc&►rn►wcr iiir holding unJ upplying lix:FunJ�. unnuully unnlyiing thc cxrow ucr�wm,or ��,�-:y�. .
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<br /> �� � vcrifyiog�hc E,rrow Itcmr,unlc�� :Andcr pay.Fi��rr��wrr imcrr�t�m thc I���Mt.u��i u��i���uni�luw�xrn�ils Ixiulcr�o niukc.uch c.....�•�-�--
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<br /> a chargc. Huwever. lA�xlcr muy rcyuirc li��rrowrr tu pay u onr-iin�c�hurg�fi�r un in�k�xndunl rcal crlaW�ux r���Min�t krvirc �.�_..,---.-
<br /> � u�d by lxnd�r in ranncclion with �hi�, I��rn, unlcxs upplirLMc luw pn�vidc� ��ihcrwiM, Unlcvs un ugrcenknt is nwcic or � " .• . . � _
<br /> . applicublc luw rcyuircy inlcrc�t a�tx paiJ. lcnJcr�hall nut ix�r�yuircd to puy ti��rrowcr any intcrctit or r•rroing+u��Uir Fuad,. � .•-- --
<br /> ,� BaRawcr unJ I.endcr nwy ugrcc in writing,hawevcr,�hat intcrc�t+�hull I+c puid on�hc f undx. IanJcr�hull Rivc to&�ROwcr, .
<br /> �'� without rhurgc, an unnuol ucrounting iif Ihc Funda, xh�iwing creiliis unJ ckMta to thc Fundc und thc pu�x�sc fii� which cuch ��__ -
<br /> - -- - , :Y ..;,n, •_ _ debit tu thc Funds was m:ufc. The Fundx ssc pleclga!;e::aeldilfan:s!scsurity &�r a!!sums kyured hy�his:Scruri�y In.tniment. r----- - --_
<br /> � ° If the FunJs held by l.ender caceed the amounts permiu��l to Ix: held by upplicable law, l.ender zhall accaunt to&ircower `• V�'�`�'•''�_•—
<br />" for the excess FunJs in uccordancc with thc reyuirements af npplicablc law. If the umount i�f the Funds held by l.cnder ut any --_ -_
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<br /> . time is not suffiricnt ta pay thc Escmw I�ems when due. Lender may w notify Bc�m�wcr in writMg,and,in such casc BoROwcr +:.,
<br /> ' ' " shall pay tc►l.ender the urtu►unt neceswry to make up the deficiency. Borcower shull make up the deficiency in no morc thnn �__�__•�"�;�,- �
<br /> ,. twelve monthly payments.ut Lendcr'. u►Ic di.r•crction. !�=-=
<br /> � " U n a�ment in full cif'nll sums secured b this Securit Instrument, L.cmicr shall rorn d refund to Borrawer �n �::��:��---:—��
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<br /> ' � Funds held by I.ender.lf, undcr puragrnph 21, L.ender shull acyuirc or scll thc Property.I.ender, prior to the acquisition or sale ±'•'•��_••••-..-,Y-
<br /> _ . of the Propeny, shnll apply uny Furxls heW My I.encler ut the�ime af ucquisilian or sale as a credil agsunst the sums secured by �:, ,��..,f7,;,�_;,,�'
<br /> this Securiry Instrument. r�`�•�'ti'`a'-..�;;"`•-_�,
<br /> - 3.AppBcallon of Peyments. Unlcss npplicublc luw providc�nthenvisc,all paymcnts rcccived by Lcnder undcr paragraphs , '. -
<br />• 1 and 2 shall be applieJ: first, lo uny prcpuymem charges duc undcr Ihc Ndtc; sccand,to amounts payable under paragraph 2; 1..._ ---��- - -
<br /> • ' ' third, to intcrest duc; fourth, to principal duc; and last, lo any IAtc chnrgcs duc undcr thc Notc. �`"''�-=
<br /> ' � 4.Clwrqes;Licns. Borrowcr shall pay all tsuccs,ussescmcnts,churgcs,fines und impc�sitiuns uttribuWblc tn the Property ' `�="i _.
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<br /> " , which may attain priority over this Sccurity Instrument, und Icuscl�ld paynxnts ur ground rentx, if any. Borrawcr shall pay .•1.-„`'"` ..
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<br /> thesc obligations in the munner pruvid�Yi m parugruph 2,or if not puid in�h�t munner, Bnrruwcr tihull pay them on time dirccdy t ' _--
<br /> to the person owect payment. Bnrrower shull promptly furnish to I.�ncier all noticcx cif amounts�u be paid under this p�ragraph. � ,,,„,,,�-� _
<br /> If Borrower makcs thcsc paymcnts direcUy, Borrowcr shull prompUy fumish tu IAnder rcccipts evidcncing the paynxnts. f -__
<br /> ° Borrowcr shull prompUy dischurRc uny licn which has priority ovcr this 5ccurity Inslrumcnt unlcsti Borrawcr: (u)u rces in �::`°-�'�' �
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<br /> i •u�� � writing ro the payment of the oblig�tion secured My thc lien in a manner ucceptable a� L.enJer; (b)contests in good faith the lien , .. : =-
<br /> • by, or defcnds against cnforccment oT thc licn in. IcFal pnxccdin�s wbich in thc l.enJcr's�ipiniun operate to prcvent the ' �
<br />' ..� � enforcement of the lien:��r(c)xcures from Ihc holder of the lien an uFreernent satisfuciory to l.ender subordinating Ihe lien to
<br /> this Security Instrument. If LenJcr Jctcrmincz that any part�if thr Property is subjcrt a� •r licn whirh may attnin priority over �
<br /> ' . this Sccurity Instrumcnt, l.cndcr may�!ivc &�rrnwrr u nalicc iJ�nti(ying the licn. f�rrmwrr�hall tiutixfy the lien or t�kc one or
<br /> morc of thc actions set farth ubovc within 10 dayr iif lhc giving of naiticc.
<br /> • . Fam 3028 819t1
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<br /> . MC�3019-NE/2
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