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<br /> �-T�� - "�"Y.� TOOE7'H8R WI'I'H�11�he lmprovemeau now ot hereafier era�tod on the Prapert5'.and dl wemano.iPWeenu�ca.mci
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<br /> �,�,���ti,� fixtura now a hercafler a pWt of�he properly. All replxemcnl� atd rd�titions ehall �I�o be covcrod by thi� tv
<br /> ImtrumnN.All oP�hc forcgoing is rtfersed w in this Sa�urity Inr�rument as�he "Pa,perty,"
<br /> °-��:��M;'� BORROW�R COVENANTS Ilwt Batrowcr is IawPully rcicat of thc cstwc hercby convcyed and h�s Ihc dght to�rant and
<br /> �� - -��•` convry thc Property and that thc Property is unencnmbcred, excep� for cncumbnnccr of rccord. Borrowcr wanaru�tud will
<br /> *� "�:: defend gentrally the titic tu�he Pn►peny ogainst All claims and demunJs,subjoct to any cncumbranccs uf rocard.
<br /> - "�"°��"' THIS SECUWTY INSTRUMBNT cornbine9 unifonn covenantc far nutianal u�e wKl non-uniform wvcn�nu wHh limit+od
<br /> w .wr..�..�--=��+•-, variations by jurisdiciion to canYtiwtc a unifi►rn �urity in,tcumcnt covc�ing rcAI property. -
<br /> ` 1._`�` UNIFORM COVBNANTS.Born►wer and L.ender covenant and agt►x as tollows: ' -
<br /> � l. Payment ot Principol and lalerati�Po9� �nd late Cha�w. Borrower shall P►'ompt�Y PAY when due Iho
<br /> �;,�:;��;' ' � principal of and interest on thc dcbt cvicicnced by�he Nate and any prep�yment and late chuges duc under�he Notc.
<br /> '��;;'�:�;`��. Z. Fands for Toxes sd la�uranoe. Subject to�licable law or to a wriuen waiver by Lender. Borrower shall p+y w
<br /> �+,;,;,y�e;..„i Lendcr on the day monthly payments nre duc uedcr thc Note.until thc Notc is paid in full.a�sum('Funda') for: (�)ycarly ta�cea
<br /> "�"�'r`';.""`;•`.' and ascessments which muy attain priority over this Security Instrument as u lien an the Praperty:(b)yearly Ieas,ekold payments
<br /> - �;;:,';'''�;':�;. .�r. or ground rents on the Prupeny.if any: lc)Yeuly hazard or Property inwrrmce premiumx:(d)Y�rly flad insuraace prcmiums, -
<br /> =�' - :%..,;'�.�:. if any;(e1 ye�rly mortgage in�uranre pnemiums. if any: and(�anY sums payable by Borrowcr to Lender. in occordance with
<br /> �'�:'�:��• thc provisions of Ewragrapb 8. in licu of the Qeyment of mortgagc insurancc premiums.TFicse items arc callal "Escrow Itemg.'
<br /> � .���'`'.. Lender may. at any timc. collcxt and huld Funds in an amount not to eacccd 1he mnximum amount a lender for o ioderally
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<br /> -°i;a' '' ��� ` "� " ° re1ated mongage la�n may requirc for Borcowcr's escrow accaint under thc fcdcral Real Estate SetNcrtknt Pra►axlures Act o _v .___
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<br /> :^:;;�.:, 4 `,��%1 1974 as sunended from lime to time. 12 U.S.C. Scction 2601 et seq. ("RESPA"),unless anott�er law tf�t c�pplies to thc Funds
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<br /> �q.�.`'?�:'�• sets a lesscr amoun�. if sc►, Le�xier may.u any time,collect and hald Funds in en amount not to exceed t esser amount.
<br /> �-�_ ��;•';, ° � ' Lender may estimate the amount of Fu�ds due on the basis of curnent data and reasonable estimatex of expenditures of future �__—
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<br /> :;�� ��'���Y•,'�^r::4:�,. Fscrow Items or Wherwise in accordance with applicable law. �_';:•
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<br />.�_,_- „+;r,�;.,...,,; ., Thc Funds shnll be held in an institution whosc dcposits nre insured by u federal agency, instnrmentality, �r enlily �L�Yjv_
<br /> �;;� 1�`(y?"y� >�� (including Lender.if l.ender is such an institution)or in any Federal Homc[.oun B�nk.L.ender shull apply thc Funds to pay the =.---
<br /> � � °�� �� Esemw Items.l.ender muy not charge Bonower for holding and upplying the Funda. annually analyzins the escrow account,or _
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<br /> r���;, . verifying the kscrow Items.unless I.ender pays Borrawer interest on the Fundc and applicable law permits I.ender to make such
<br /> ''.��=�� '�' � � a ch e However,l.ender may reqaire Borrower to pay a one•time chtuge for an independent real esuMe ta�c reporting service
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<br /> ;•-ti used by lxnder in connection with this loan. unlecs applicable law provides otherwise. Unless an agreement ia made or A,�,.�_
<br /> :,`;4; a � �, ° applicable law requires interest to bc paid, l.ender si�all nd be required to pay Barrower any interest or carnings on the Funds. -'--_-
<br /> Borrower and Lender muy ag�in writing,however,that interest shall be paid on the Funds. l.endcr shall gi ve co Borrowcr, y_t,�'':
<br /> ���_,V- � ir oher e an annual accountin of the Funda. 9howing credite and debits ro the Funds and�hc purpose for which each �' ���
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<br /> ' debit to the Funds was made. The FundE a�pledged as udditional secudty for all sums secur+ed by this Secunty lnstn�ment. ���.,,
<br /> . „ If the Funds held by I.ender exceed the amewnts permittc:d co be held by applicublc law, l.ender shall account to Borrower _. -
<br /> � � '' for the exeess Funds in accurdence with the requirementa of applicable law. If the amount of the Funds held by I.ender at any [F�:�,�;
<br /> ,. , � time is not sufficient to pay the Escrow Iterns whcn due. Lender muy xo notify Borrower in writing.and,in such casc Bo�rower 7,~
<br /> • shall pay to Lcnder thc umount nccessury to make up thc deficiency. Horrower shall makc up the deficienty in no more than '
<br /> , twelve moNhly payments, at Lcndcr's sole discrction.
<br /> � ' Upon payment in full of oll sums scxurcd by �his Security Instrnment. Lcndcr shall promptly refund to Borcowcr uny
<br /> ' Funds hcld by l,ender.lf.under parograph 21, I..ender xhull acquire or sell the Property. Lender,prior to the ucquisi�ion or sale �!`�-"'-�"
<br /> ' •� � ' ' of the Property, shall apply any Funds held by Lender at the time uf acquisition or�le as a cr�edit a winac the snms secured b ��``�=�
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<br /> � ••• this Security Instrument. ,,
<br />` . , • 3. Applkation oi Paymenlx. Unluas applicablc luw provider otherwisc,all paymcnts rcceived by Lender under paragraphs ,
<br /> . ,,.� I and 2 shall be applied: first, to any prcpaymem churges duc under the Nwc; sccond. to wnounts payuble under parugraph 2; :��t:=
<br /> third,to interest due; fourth,to principnl duc; and lust. to uny lale chargeti due undcr thc Notc. . :�-.:_.'
<br /> ' ' 4. Clw�ges:Liens. Borrowcr shull pay all wces, asscssmcnts,charges, tines und impositiona uttribuuble�o Ihe Property �,-�;"�
<br /> `'� `' � which may auuin priority over this Security Instrument, and Iensehold puymentn��r grcmnd rents, if any. Borrower shull pay � ��, r �
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<br /> these obligations in the manner prnvided in paragraph 2.or if not puid in thet menner,Borrower shull pay them on time directly ��•_y.'
<br /> • .. to the person owed payment. Borcower shvll promptly furnish�o Lcndcr all notices of amounts to be paid under this paragraph. _
<br /> ' � If 8orcower makes thesc payments diiutly,Borrowcr shall pr�xnptly fumish to Lcnder reccipts evidencing�he paymcnts. �_�__
<br />- ��� Borrower shull promptly discharge uny lien which huc priority ovcr thix 5cxurity Instrument unless Borrawer: (a)agrees in �' -' �� '
<br /> �� �� . writing to the payment of the obligatiao uxureci by the lien in a munncr acceptable ta I.�:nder; �b)cont�sts in good fvth the lien =��••:�-f;:
<br /> r �. ' ' by, or defends aguins� enforcement of�he lien in, Iegnl proceedings which in the I.enJer's opinion opemte to pr�event the `�''��!�"�-���
<br /> � enforcement of'the lien; or(c)secures from thc holdcr of ihe lien an agrcemcnt s•rtisfuctory to Iw:nder subordinating thc lien to � �
<br /> �� this 5ecurity Instrument. If Lender dct�rmincs that any purt uf thr Property is,ubj�ct to a licn which may attsun priority over ":�,
<br /> • �>:�• thi�s Security Instrument, l.ender muy give Bnrruwcr u noticc identifying thc li�n. Fiurniwer�hall +atisfy the li�n�r wke one or � '•
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<br /> • more of the actions set forth abnvc withln IU dayr of the givinp ul niHicc. �
<br /> ��.. � Form 3028 8190
<br /> ' �. Pp�?�I 6 '
<br /> MC3019-NEl2
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