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<br /> '�` 7�p(;�{�t tiVITH Bli the improv�itsenu naw or heeeafter er+eixsd on the proprrty.und nll eascments.s�pu ,t �s.nnd ��•;;
<br />':-.:� ��ur�w �w or hereafter a �art of the proDcYty. All rtplxecnents and edditions shall also R� c�vercd by this Scrnrity !
<br /> ;�_�_._
<br /> �= insteum;ai;.:�!!of tbe forrgo�ag is cefe��to in this�ecuriry l�tt�mcnt�a the°Property•" i� ,•
<br /> BORI�01VEEi CUVCNANTS�hat Borrower is Iatvtuily s�ised of the estate heteby conveycd and lias the right to gcant nnd ,�.,�,
<br /> , convey the Property and tt►�t che Ptogerty is uneaieumbered, exoept for encumbrances of record. 8orro�ter�carrants nnd wil{ —.
<br />' defend gencrslly the titic to the Fropecty ue�tinst alt claims an�dem�nds.subjxt eo any ensumbrances of ret�ord. �
<br /> . THiS SECURiTY 1NSTRUMENT combines uniform covea3r.ts for nstlonal use and non•unifom�wven_nts.vith limi!zd i�
<br />. variations by jurisdictian to canstitute a uniform scxurity inspvment covering real property. ,E�
<br /> � ��` UNIFORM COVENANTS_Borrower and Lender cover�ant snd agree as foilo�vs: "
<br /> f-. P mP Y P Y
<br /> 1. �ytneut af Frftt�Ypa! �d�4e�t�-t; �;2�a3�ent�t� Lste Cl�srges• Bortower shall ro d s when due the !�_-
<br /> ��
<br /> ' principal of and interest on the debt evidena:d by the Note and any prepayment and late ctiaarges due under the Note.• - --_
<br /> 2.F�ndv Por'i'u�ces and Insurun�• Subject to applicable law or to a written waiver by Lender. Borrower st�all pay w ���
<br /> • L.euder on the day monthiy payu�•ents are due under the Note.until the Note is paid in full.a sum("Funds")far.(a)yeaiiy taxes !�'�'
<br /> and assessments which may attain priositg over this Security Instn�cnt as a lien on the Froperty:(b)yearly teasehold paytrtrtus --"'-
<br /> or grauud rents on the Property.if any;(c)Yearly hazard or pmperiy insurance premiums;(d)Year1Y tlood inswance premiums. ;�;< :
<br /> . if�n.y;Ee}yeariy mortgage insuraace premiums, if any:aud(�anY sums PaYable by Borrower to Lender.in accordance wiih ;�_��
<br />. � the provisions of pard�aph 8.in lieu of the paycnent of mort�e insurance premiums.'I7tese items are c�lled"Escro�v Items." �._
<br /> Lender may,at any time. collect ant!hotd Funds in an amaunt not to exceed the maximum amount a len�er for a federally ==�
<br /> " ref,ated mortgage IoarF inay require fos Borrorver's escrow acoount under tfre federa!Real Fstate Settlement Procedures Act of �`
<br />: 1974 as ameud+:d fruai time to time, 12 U.S.C.3ectian Z6fll nl seq.("ItESPA"),unless another law that applies to th�Funds �
<br /> � sets a t�r amoaQf.. If so. I.eader a�aY. at anY time•�°llect at� hold Far�ds in an aut�nnt not to excec�d the lesser amoun� ;�,.,
<br /> L,eu,fes�y estmate the amount of Funds dne oa the ba�rz�`,strrent data�d reasanable estimates af e�cpendltures of favu+z --
<br /> ' Escrur:L-�ems ar ar��r�vise in accordance with ap�rlscable laau. -
<br /> .��,,�. 7'he Funds s�r�.t be 6eld in aa institutia�.�+�z�e�.� are insut� �y a federal agency, i�sxrimentality. or entity �.
<br /> . (instcu�-,,..�L.ender.�,t Lender is sacb an instituricrs�cc rg,�;���leral Home Iroan Bank.L�der shall a�rohys the Funds to pay the '
<br /> " '' Escc��c•il'.:ms.Lender may noc c�r�e Borrower for ho4diff��a�plying the Funds.u��w�y analyzi�„th�escrow accouat.or ' �a,::
<br /> L", �ta:
<br /> �.,�:,.. veriF+j:�:he Escrovi Items,un:�8�ender pays Borrower int�r�:st.on the Fuads and app;i�lv�law permits Lender to maks such �,�;:.
<br />� a cl�.*�e. Howevet,Lend�r ma���uire Borrower to gay a one-d�e charge for an indege��ent re�e�t,:de tax reporting sesvice
<br /> I- .
<br /> . n.,�ed by ixnder in c,rz�siection'� this loan, untess applicabie taw provides othenvise.�Unless� �ee�nent is made or �-'�
<br /> . appiic�'��taw�-�i�ce;�teresc".�h�paid,Lende�shall not b�required to pay Boaower aay interest ar eainings on the Funds. :��
<br /> , . Barrc�u�r;��.ran�i��ay ag�'i�writing,however,t6ai ii�c�st shall be paid on t�:�:ds. Lender shall give tc�t3��tvea: : �,
<br /> - withc:c�2��-.�:;.�a:a�'�ual accounting of the Funds.sh4wir;�ur�:ts and debits to tte L�,u�ds and the ptsr��se far�:fi��ti:�.+e��s •.. �s;..i:;:
<br /> ` �' de6ic to t3i�F�ti��made.The Funds are pledged as additb�l secnrity f�r..sll swns seaued by ttus Securlty Instrra�em�. . i'1:�;
<br /> If'tt�.e Fuads hc.�by Lender exceed the amounts percaitted to be hetd bg�:�pplicable law.Lender sha11 aceoant to Bomower �""`-
<br /> • for the exczss Funds in accordance with the requiremr,nt�of.applicable law. If the amount of the Funds held by Lender at any _
<br /> time is not sufficient to pay the Fscrow Items when due.�:�uter may so notify Borrower in writing,an�,in such case Bomnwer —
<br /> � shall pay to Lender the am�ouat necessary to make up the defcciertcy. Borrower shall make up the defieiency in ao mom than ���•
<br /> �--
<br /> � , tarelve euoruhly paymeuts.at Lender's sole dissretian.
<br /> ' Upon payment in full of all sums secured by 4hls Sea�uriry Instrument, Lender shall promptly refunA to Borrower any
<br /> Funds held by Lender.if.under amgraph 21.l.ender s�tdt� uire or sell the Pro Ixnder,prior to the acquisidon or sate �-�'
<br /> p a{ PertY• ■"�.
<br /> � ' of the Fcoperry. shall appty any Funds held by Lender at ahu time of acquisition or sale as a credit against the sums secured by �_
<br /> this Secn�iry Irtstrument.
<br /> ` 3.Appltcutlon of Paymen4s.UnIess atsplicable law p�v�r.ides otherwise.all payments rec:eivod hy Lender under paraag�aphs .
<br /> •' 1 and 2 shall be appliod: first. to any pre�[yment cluuges�ae under the Plote:second,to amounts payzbla under para�gh 2:
<br /> •'��' ` third,to interest due;fovsth.to prirteipc�!cl�::and las¢.to sury tate charges due under th�No2e. ---�•
<br /> 4.Cha�es;idQUS.Borrocver shallp�y all¢axes,as3essments.charges, fines and impositions atttibutable to the Property �,: .
<br /> which may attain priority over this Security Insuun�ent. and leasehold payments or ground renu.if any. Hormwer.'s9all pay
<br /> . ' t9ese obligations ia the manner providet!in paragraph 2.or i�not paid in that manner.Borrower sf�all pay them on tits�:dit�ctE±; �
<br /> _ to the pe�son owod payment.Borrowea�shall prompily fyro�.�r�h to Lender all notices of�unounts to be paid under this paragraph. ::
<br /> If Baaower makes these payments diroctly.Borrower sht�lf:�romptly furnish to l.ender tecelpts evidensing the paymenu. ,
<br /> � Borrower shal!prompdy discharge any lien which hub�priority over this Security Instmment unless Borrower:(a)agree.s in � �_
<br /> writirr��the paym�nt of th�obtigation secured by thb linn+cn a manner acceptable to Lender:(b)oontests in good faith the lien �:
<br /> '' by,.uc defends against enforcemeat of the lien in, le�eL�Qraceedings which in the l,ender s opinion operate to prevent the '• —
<br /> enfmrcemeT►t of the lien:or(c)seeur.ea from the holder of ti:he lien an agr�ement satisfactory co Lereder subordinating the liea ta !'--
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