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<br /> - 92�.1033'79
<br /> � T0C3ETH�R WITH all the improvcmen�y now or hrreaAcr crected �n iho propMty,and all easemcntx. appunenences, �
<br /> anci flxtures now or hereafter a{wR uP the praperty. All replacemenlF und additionx xhell also bo covered by�o Security
<br /> inrwme�t All of the fixegoin�ic rcfemrd to in�his Secu�ily Inalrumant Aa Ihe"Propeny." -
<br /> BORRUWER COV�NANTS that Borrowcr is lawfully seiced�f the eslale hereby conveyed nnd hw lhe dght to�rant
<br /> °��'''�-u and convey tbe Property and that the Property is unencumbered.excep�for encumbrancea oP recoM. Borrower warru�to and
<br /> '—'���s� will defand genemlly the title to the R+opeRy ngainst�11 claimc and damnt�ds,aubject to any encurnbrancea of record.
<br /> __ -- THIS SECUttITY INS'IRUMENT combtnes uniform covenanls for nadonal usa and nan-unifam cmenwnts with
<br /> �� ___ _ __ �•___ ��'� limited variations by JurisdicNon to con9r��ute a unifarm securiry inRtn�ment coverfng rcal property. ._,
<br /> _ — � UNIFOI2M COVENAIV'fS. Bomower end Lender covenant and agnec as followe:
<br /> ' ,,;�,,.�„a,,,��,,.T_� 1. Payipeat of Princip�l and I�tQrest;Prepayment and Late Ch�ea. Bortower shalt promptly puy when due the
<br /> _ �;,�;.,, principal of and interest on the deDt evidenced by the Note and any prepnyment end late charges due under�he Note.
<br /> "' 2. EY�ada tor'Ilmces aad 1�ura�ce. Subject to applicable law or to a written w�iver by Lender,Bmrower sAall p�y to
<br /> ,f�'�.�t�;""a,y�F,��:�'� Lender on the day monthly payments are due under the Note,unpl Ute Note is paid in full,a sum("Fur�s")for: (a)yearly
<br /> -- ,,.r;,�; " taxes and assessments which may anein priority aver this Securlty Inanvmeat as a lien on the Property: (b►yeurly laasehold
<br /> — .�:.n: � •�- �T J payments or ground rents on the Praperty, if any: (c) yearly hazard or property insumnca premiuma;(d)Ye�uly floacl
<br /> - `: '! in.9urance premiums. If any; (e) yearly mortgage insurance premiurrre, if any:and (� any sums payable by Bcxrowe�to _
<br /> = ��..�- "�:".; �.° Lende.r,it�uccordance with Ne rovisions oi' ura ra 6 8, in lieu of Ihe a ment of mort a e insurancc remiums. 71�esc
<br /> .����.�',}� r,.�.}y� ,.;? , a P P B P P Y B B P
<br /> °'��� ���� �;�,, items are called"Escmw Items." Lender may.at any t�me.collect and hold Flmds in an amount not to exceed ihe muaimum
<br /> ���L amount a lender for a federally related mortgage loan may requi� for Borrower4►escrow eccount under the fedeml Real
<br /> _ - - �� Esu+te Settlerment Procedums Act af 1974 os amended fiom time to lime, 12 U.S.C.�26Q1 el cey.("RFSPA").unless anuther
<br /> "���'���_� law that applies to Ihe Fundr�ets a lexser arrwunt. If so.l.ender may,al uny time,collect and hald Funds in an anount not to
<br />_ __r_ _.��,�,�:cr�•�a�- exceed the Icsscr anwunt. Lcnder mny estimute the amounl af T�nde duc an thc b,u�ir oi currenl dwa end reaswwble
<br /> —'.�,�,:P.:,� :� . •J' estimolex of'expendltureA af futu�t E�row Itemr or othenviFC in accordanco with upplkuh�v luw.
<br /> �r:�;.y��:-�*.�@,;�"�` Thc Rundx xlwll hc hcid in an inKtitution whosc dcposiix u� inxurcd by u frdcrul ugciKy, inalrumcntalfty,or cnlity
<br /> , . (including I.cndcr,if l.cndcr ir xurh an in�ti�uti�M)or in uny f'�dcrul I�omc l.u�m sunk. l.cndcr�hull apply Ihc Funds to pay
<br /> -- , 1Fu; P.scrow Ucmx. l.ender niuy ncK churKe Borrower f�x hoWing und upplying ihe Funds, annuully unalyiiny �he escrow =
<br /> � •u;�*;(n-�,,'��:a. acc�wm. �K vcrifyfng �hc F.c�ruw It��mn, unlc.r.r l.endcr puyH Hurrowar in�cr�.rt on Ilx Fun.is und�pplkoblc luw permitx —
<br />- i�� ^d?. l.cndcr 1��mukc r+uch a rhurgc. Now�vcr,LenJcr muy nyuire Born�wcr w poy u unc-limc chu�gc tiK an indcpendent reul
<br />,,_;,�_ . ., � cA��tc�ux rcp�xling�rvirr u�cd by Lcndcr in conncc�ian whh Ihix loun,unlc+x upplicublc law providex othsrvvi�c. Unlcsx an
<br /> '��� •'�y�.���'�' , comin�x�M the�Fundh�H�orrowcruwxl I�..en�kr mu a�rccin wrflin �I�wevcrlthut ntcreN t shnli bpeaY d n�therWnds�Lender —
<br /> �i�_ '���;,',;�. shall give lo Borcowrr,wlth�wt churge,an annu�l ugccoun�ing of tho Fundx,vhowing creditR and debita to�he fvnds and the
<br /> _ t ���j purpose f'or which euch ck:bit to�ha Phnds wn9 made. The Flmdr w+a pledged a»additionel,ecurity for ali sums secured by
<br /> � , .: .. thie Scxu�f�y Inntrument.
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<br /> - �T�^�'����--'3 !f iht l�ands hel�! !+y l.cndet pxcecd tlw mm�untc permit�ed lo bc hcld by applicable luw. Lcnder sholl account to
<br /> b� "' '''� '� � Barrower for Ihe eacexa Funds in uccordance with the requirements of epplicable law. If the amount of Ihe Flindc held by _
<br />°--s� .,. Lender at any time is not sufficient to pay the Esrrow Items when due, I..cnder may so notify Borrower in writing,and,in F
<br />"�.�•. , such cnse Botrower shnU pay to Lender the umount necessary to make up the deficiency. Borrower shall muke up the -
<br />-';;" � • deficiency in no mone than twelve manthly payments,at l.endcr?�Fola discretion. _
<br />����; ` � Upon payment in full of all sums secured by this Security Instniment,Lender shall promptly refund to Borrower nny
<br /> _ • F1mda held by Lender. If,under poragraph 21,Lender shall ucyuitn or sell the Property,Lender,prior to Ihe acquisition or =
<br /> �� sale of the Property, shall Apply any Funds held by Lender ul the time of ucquisition or sale as a credit against�he sums
<br />':`'•, secured by this Security Instrument. �,
<br /> = " 3. Appli¢atton of Paymentv. Unless appiicuble Inw provides otherwlse, all payments received by I.ender under �
<br />•���' - � ' parugraphs I and 2 shull be applied:first,to uny prepayment churgas due under the Note;second,to amoants payable under —
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<br />,;;y.:. `�`������ '� � p n r u g r a p h 2;thi r d,to in t erest due;fourth,to princi pal due;und latit,to an y late char ges due under the Note. _
<br />- ""' • '"���' A. Charges; Liene. 8orrower shall pay all taxes, Assessmcnts, charges, tines and imposidons uttribatnble to the �-_
<br />-•-c•N, '`'� •. Prope�ty which may attafn p�lo�ity over this Security lnstrument,and lcasehald payments or ground rents,if smy. Borrower t..
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<br /> ` �� ° '� shall pey these obli3ations in the mnnncr providcd in pamgruph 2,or if no�paid in thet manner, Borrower sh�ll pAy them on ,_
<br />_,: ,,.,,,�,�:, , time directly to the person owed payment. 8orrower shall promptly(limixh to Lender all notices of anwuMS to be paid under �,-_
<br /> :4 R this paragraph. If Borcower mnkes these puyments directly, Borrowar tihAll promptly furnish to Lender receipis evidencing
<br />': , `� the payments.
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<br /> �_:..,.�: , � Borrower shall prompQy dischurge any lien which has priorily over this Security Instrument unless Borrower. (u)agrees
<br /> - " In writing to the payment of the obligntion secured hy thc lien in a munner Acceptuble to Lender;(b)contesls in good fuith the
<br /> ' " �• lien by,or defende again�st enforcement of the lien in,legal pra:ced{ngs whicU in the Lenderk opiniun opemte a prevent the -_
<br />--� ' � • enforcement oF the licn;or(c1 secures from thc holdcr of the Ifen nn ugreement sati�factory to Lender subordinaling the lien
<br /> � ` ' � •� to ihis Securiry ineaument. If Lender determines that any pan of U�a Pro ny i,subject to a lien wl�ich mny atain priority -
<br />. . • �t, • over this Security Instrument,Lendcr muy give Borrower a n�tice idemify n1 g�he Iien. Borrower shull satisfy the lien or take
<br /> � , ° one or more of the nctians set foriii nbove within 10 days of the giving of nWice. _
<br /> •� 5. HA�rd or Property Insuronce. BoROwer shall keep Iho improvements now existinb or hereatter erected on the
<br /> ' � Propeny insured against loss by fire,hazards included wilhin the Ieim"extended coverage"und any o�her huzurds,incWding �
<br /> � floods or flooding,for which l.endcr rcquires insurunce. Thi, �usurancc shull be muintuined in the Amounts und for the ��
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