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<br /> � ��a����r �" ��':
<br /> ' � TOtiETHER VYI'tH all the impmvemeaLS anw ar hereatter e�ected on ttt�pmpeny,und all ess�ments.upRuctenances.and �-Y;r
<br /> .� ' fixtures now or hereafter a part of the praperty. AIi r�pl�ea��s a�d addidoas shall also be oovered by this Securety
<br /> jncrr+�me�. All of the foiegoing is referred to in this Security Inswment es�he°P�'°�e►Y3'.' �'�''
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<br />`<(`� �ORI°.OWER COi►EIVANTS that�orrower is[av�fulty seised of the estate hereby canvcyed�ui has iiir ri�t ta gsasst st�! —._-_-
<br /> - canvey th� Pm�'rty ardi that uie Propsrty is un�acumts.�,except f�r auaunbrfutces of r.,tard. Eosmwcr r:arr.snLs ar.�:vi!! �__°
<br /> defeud generally the tide to the Property against all ctaims anr!demas►ds.subject to s�ny encumbranecs of reoord.
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<br /> �g S��Tt-y INSTItUMENT oombines uniform covenams for natianal use and non-uniform covenaats with(imited �
<br /> '` variations by jmrisdistion to oanstirute a nniform securiry imstrum�uc cauerin�re�l Pr°AertY• �'
<br /> LtMFOAl41 COVEATANTS.Borrower and Lender wvenant and asree as folln�vs: �..� .
<br /> . l. Faymeut of�Indpal arid Int�esit �P�Y��t and Lsste Chargaa. Borrawer shall prom?�Y PaY when dux the _
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<br /> ��_ principal of and interest on the debt evidenced by the Note and any pr�►ay�►ent and late c6arges due under the Note. ��^..�
<br /> 2.F`a�ds for Texes end Ins�auze.Subject to appiicabte I�dw or to s writtca waiver by Ler�r. B�raower shail pay to �+�:•
<br /> x
<br /> Lender on the day monthlY Paymeats aze du°.�nder the Naie.until the Note is paid in full.a sum('Funds")for:(a)yearly taxes ����`
<br /> and assessments which may attain priority over this Securicy Instrument as a tim an the Property:(b)Yearly lea�ehoid paymenis �<� ��
<br /> ' or ground rents on the Property.if any:(c)Yearly i�rd or VmpeTty insuran��nsmiums;(d)Ye3r1Y flaod insuranre preminms. -
<br /> if any;(e*,ge�ly mortgage in.��uran�e premiums.if anY:arnd(t�any sums�ayable hy Borrower to Leatler, in accordance with .��
<br /> the provis�rs�of pazagraph 8.in lieu o€the payment of m�rtgage insuranca premiums.Th�se it�ms are called"�'scrow Item9." _._.
<br /> • �nder m�,,;.�any cu�collect and ho2d Fands in ari amount not to exczai the maxi�a�nount a lender for a fe�e�aUy ---
<br /> '.= relateQ mort�ge loas�'mquire for Borrovre�s escfow acxount under d�e i�doral i'czal Fstatz S�tt2c�.'ai Pro�`�tu�s:s�°f °—
<br />;-� , 1974 as amended frarr.}�to thne, 12 U.S.C.Secsion Z6U1 et seq. ("R3"c.SFA"),unless another law that applies to the Funds _-.--.-
<br /> sets a lesser amount.Di so. L.ender m.y• ac anY t�.colleci and hold Fundfl in an amowit noi to eaoeed the lesser araovnt. _
<br /> , • i.ender ma�r�wnate ttie aznount of�ss due on the basis of csu�nt dais�and reasonabte e�timates of expenditures of fuwre
<br /> � � Fscrow I►.+�xts�r otAejwise in accordance with applicable laiv.
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<br /> Tr��L�.rds shall ise held in an iasdtution wfi�ose deposits are insured� by a federal ageatcy, inscrumentalitY. ar ent�cY � -
<br /> ..� E'utcdu��nder.if iender is such an institurion)or in any Federal Hamc Loan Bank.E.ender shall appty tl�e Funds ta pay the �r,:_
<br /> �cm�flr�s.�.Lender may not etiarge Bormwer for holding aud aPPilimg tbc Funds,annually analyzing the escmw acco*�t,or =_=-
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<br /> . yerifv±u�#i's��scrow Items,unless Leader paYs Borrovier interest on the Funds aad applicable!aw permits Lender to caak��r�i
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<br /> a c6ar�e- i€��ever.Lender may czquire Burrower to pay a one-tiser chnr�e for an independent mal estate tax mpurtin„��u� • �...-
<br /> • used by �rider in cxmrrsction with this loa�, unless applical�le la�v pravides otherwise. Upless an agreement is c��'.��?' . , . ��T.
<br /> .applira6le law requir��*�r:�est to be paid,Lender shall nnt b�reguired ta paY IDo�ower any interest or ea�s on the F� -_
<br /> Banawer and I.end:r.r��a�e in wridn�,however.that interest shuA be�ac,U��the Funds. Lender shaEE��e to Borma:er•,_ , - ._.
<br /> < without c6atge,an ar'�uz�accounting of the Fundg, showing credits and debiG h.;�tha Funds and the p�o�,:for w�d i'r a c E� •� .�,_
<br /> debit to the Fumis was�e.The Fu�s are pledged as additionFil se�ur"sty for sli�s s��y this Security instn:�:cs::`� '. ;�
<br /> ; '�; , If the�unds held I(r•,��ender exceed ths amounu permitted to 6s held by a��r,�ble la��..�der shall 2rcpunt tc��wer .
<br /> •;,� . ��e the excess Funds in�..ordanae with the requiremenu of app flca6 Ie law. L ff'ti�e amaun t o�t h e F u u d s►a e C d!�S I.e i�r 3 i a n y
<br /> ' .xime is Qat sufficient to pay the Fscrow Iteros when dne,Lender map so notif}.�,s�wer in writing.an�,in�,."�case Bor�ot4er __
<br /> '' + shall pay to Le:�der the amount necessary to make up th�defccs�s�cy. Eorrower sha11 make:'�?t h e de ficiency in no n��t h a n
<br /> .:�;�`r�� twetve maathly payments.at Ler�er's sole discrxtion. � : � �' ••
<br /> Upon payment in full of all sums secured by this Security Instrurttent. �.�der sha11,�^:.�►pdy re€arsst�to Bonc�v.Gr�any __
<br /> '. Funds heid by Lender.If,under paragrapP�21,Lender shaU acquire or seii the Property.Lender,prior to t�acquisitio�or sat� —
<br /> af the Property.shall apply any Funds held by Lertder at ths time of acquisidon or sale as a credit ngainst the sums secared by �?.,
<br /> . ' this Security Instrumerit. .
<br /> ' 3.A�pi�Cation of Faymsnis.Unless applicab2e law provides atherwise.all payments received by I.endier ander parageaphs �
<br /> .. 1 and 2 sball be applie�:first,to any prepayment cbarges dae un�er the Note:seoond..w amounts payable under pnragraph 2:
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<br /> • third,ta interest due;fourth,to principal due;and last,to any late cf�arges'dne under the Nate.
<br /> 4.Charge5;Uens.Borrower shati pay all taxes.assessments,charges.fines and impositions attn'butable to the Property �`
<br /> whlch may attain priorIty over th�Security Instrumens, and teas�hu2d payments or ground reats,if any. Borrower s6a1i pay �
<br /> �e ot�,n�.��:flns in the manner pro�ri�3 in paragraph 2.or if not paid in that martner,Borrawer shall pay them on time�'irectly _�
<br /> � ta the p�t�owed payment.$orrovvex shall pmmptly fiunish to Lender all natices of amounts to be paid wnder this paTay*�aph. �
<br /> If Borrower makes d�sit�aymeats direcdy,Banower shall promptly fumish to Lender recetpts evidencing c6e payments. �.
<br /> � � ' Hor�ower sha11��am�:�ly discliarge any lien whicb lv�s priority over this Securiry Instrument�nless Borrower.(a)ap,rees in ^
<br /> � � writing to the payment�of the.obli�ario�secured by the lien in a manner acceptable tp Lender:(b)contests in good fait6 tice tten �v`_
<br /> � by. or defends against enforcement of We lien iR. legal proceedings which in the Lender's apinian operate Yo prevent the .,_. .
<br /> enForcemant of the lien;or(c)serures from tRe holder of the lIen an agreement satisfactory to Lender subozdinating the lien to —
<br /> � tivs Security Instnunent.If Lender detemunes that any parc of the Praperty is subject to a lien.which may attain priosity aver �
<br /> ' this Security Instrument,Lender may give Borro��r a notice identi�jing thc lien.Borrower shall satisfy t�m!ien cs tslce one or
<br /> � more of t�s actions set forth above within 10 days of the giving of notfice. _R
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