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<br /> � - T00B7'H�it Wl`i`N dl the improvemen�e nnw o�-he�eaRer ercctcd on the property. nnd d!eexmente,appunenuuee.uid �---.-�= -�r��-=- ---
<br /> fixluros naw ar hereafter a put of �he properiy. All raplacementR and additfon� siWl �lio be ooverod by thi� Security *,��,��4w:T�=n.,
<br /> -� -� - - -'_ .Gruri� In�tnimentaa the"Propeny. �� ��.Y • 1,. >,�. .
<br /> _ ,�_ __.. _._ I�uUUn�:nt, A!1 nf the for:g,•!n�i,MP�mevl��in�Mi y " .
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<br /> BORROWER COVENANTS thAl&�rrawer ie lawiully�efrad of�ha estute hereby conveyw�uas�i�c:�igi�► «����:�;�„�.. -
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<br /> —��� canvey tho Prapenr and Uwt the Propeny is unencumbend, exapt for encumbronca of recard. eorrower wprrants and wfll .,
<br /> ; ° defond qenerally the lille to the Propeny ogaiont all claims and demnnds.eubject to any encumbrances of rccard. Y
<br /> � THIS SECURITY INSTRUM�NT combines unifurrn mvenantr Par nAtfonal use and�ron-unifarm covenonts wit6 limited '{�.�� =',���;r„'
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<br /> ' ' ' v��i�lfons by jurisdiction t�constitute a uniFarm securily inalrument covedng real property. ' , ' '"'
<br /> -•° • UNIPORM COVENANTS. Borrower w�d Lender oovenont wid agree as followa: !
<br /> a ' !. PMyment o� P�incipd and Intereati Prep+iYment and I.�te Chargcs. �rrower shall promptly pay when due 1he � �
<br /> ' -- _�. pMncipal ot ond��tereat on�iw Jei,l CvlJak:cd by thc Nota and anY P�Y�"�""'� laM cFwrgex dua under tho Note. ;� .
<br /> . 2. Fundr tor TAa�.w pnd/nRUrtmce. Subjxt Ip appllcnble Ipw or 10 p wrilten woiver by Lender, Borrower sholl pay to �
<br /> � Lender c►n�he doy momhly puymenta ere due under�he Noto,untfl the Note is paid in full,a aum('Funds")for:(al yu+rly taxea
<br /> �nd aQ�smente whlch may andn priority ovet thie 3ecur[ty Inatnnnent ns a lien on 1hc Property;(b>yearly leaschold puyments '
<br /> • or ground�nte on tha Pmpedy. if�ny;(c)ywrly hwrd or property insurance prcrniums;(d)yearly Ooad insurence premiums. ,
<br /> � if any: (e)Yearly m�ng�ge inwronce premiumv. if aoy;and<�any aums payebk by Borrower to Lender. in accordance with ..
<br /> �he pravfaiona of puagrnpb 8,in Neu of the poyment ot mortgage insuronca premiums. These items are callc�d"F.xcrow ltems." ;° �
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<br /> -.---_. . � . .�-•- --u_�._a 4..l� g�;�:::: w: gnksetttt sl�i !n w.rw.l �hr mwYimum rau,nn� a tenrler for u federallv �
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<br /> related moRgage lou�may rcquire for Borrower'e escrow�ccount under tho federal Real Eswte SctNement Procedures Act of ,
<br /> 1974 as amended from lime to time. 12 U.S.C. Section 2601 et seq. ('RESPA"), unless enother law that epplics to the Funds ; , ,
<br /> • Aets a lesser amount. if so, Lcnder may, at any time.c�llxt end hold FundR in an amount not ro eaceed the lesser amaunt. ::`'�:.:,,,�.:;
<br /> I.endor may estirnue the anwuat of Funds due an Ihe basis of current daw wd rearonable eatimAtes of expendituros of Wwrc ; ,:..• � . � ��z,:�,}�-.�,;�:i.
<br /> . Fscrow Items or otherwise in accordance with nppiicable law. ` ,::`�:'�"�� ��'
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<br /> • The Funds shall be held in an ins�itution whose deposits are insured by a federal agency. fnstn�mentality, or entity � � .?..��.�;��"�r
<br /> ' ' (ineluding Lender,if l.ender is such an institutionl or in wny Federal Home Loan Bank. [.ender shell opply 1he Fundc to pay the � ��',, �r��,�;:iz,
<br /> Escrew Items.I.ender may no1 cherge Borrawer for holding and applying the Funds,nnnuslly annlyzing Ihe e.scmw acrnunt,or .:"•�,`'�'� ' .•':r,` =`
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<br /> verifying the Escrow l�ems, unlea�L.ender pays Borrower interext on the Funds und applicuble law permits l.ender to make such i • � '� !'•• t°.
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<br /> a charge. However, i.ender muy reyuire Borrower to pay a one-time chorgc for an indepcndcnt renl estate tax reporting xervicc . • -
<br /> � • • used by I.ender in cannection with this loan, unless appliceble law provides ntherwire. Unl�.ws an agreement is made o� ', �`-
<br /> applicable law requires iruercst to be paid, Lender ahall not he required ta pey Borrower eny inte�t or earninga on the Funds. ,.,�;� ' ;� :;�:,�
<br /> Bormwer and Lender may agrce in w�iting, however,that interest shall be paid on thc Funds. l.ender ghall give to 8orrower. ` �'� � `°
<br /> � wi�hout charge, en aonuul accounting of the Funds. showfng creditR and debits tn the Funds and the u se for which each "',` ' ��''� '�
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<br /> j debit ta the Funda ws�s made.The Runds are pledged ua additional recurfty for ull sumx secured by this Security Inccrument. �. ::...r:;';;, � �1+�
<br /> lf tha Fuada held by l.ender excced the amounts permitted ta be held b n I icnbfs law.Lender shall accaunt to &►rrnwer ' ''i�'� �
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<br /> � -- -- fur the excess Funds in accordaace w�th the re uiremems oi� iicabie iaw. if ilie nmuuut uf ihe f�unds hdd by Lcttder at sny S�-°•�•`• ••°,•�=•=��:
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<br /> - ' time is not sufticient to pey the Escraw Items when due, Lcnder may so notify Borrower in writing, and,in such casc Borrower ��-•• -. ��. :�
<br /> , shall pay to Lender the amount nececsary tm m�ke up the deficiency. 8orrower shall make up the daiicfency in � more than � � :�t';�`;
<br /> twelve monthly payments,at l.emler's sole discretinn. ' ' 't�' •-�—
<br /> ��''+ •.' Upon payrnent in full of all sums securcd by this Security Instrument, L.ender shall pmmptly rel'und to Borrawer any � ���:`'�"s�
<br /> '�!��;,;. Funds held by C.ender.lf,under paragraph 21,I.endcr shull acquire��r sell�he Pmpeny�,�Lender,prior ta the acquisitian ar sale �'`
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<br /> � •• . of Ihe Property. shall epply eny Funds held by I.ender ae the lime of ncquisition or sele as a credit against[he sums r+ecured by f•�,%�` .
<br /> thi:Security Instroment. , �
<br /> • 3.Applkwtfon of Paymente.Unless applicable law pmvides otherwise,ull paymen�s received by Lender under parngraphs
<br /> .,;r;;. . I and 2 shnll be applied:fi�st, to eny prepnyment charges duc under the Note:second, to amoums payable undcr paragraph 2; ''� ��,'�, r,,.;=
<br /> ;'"' thirci.to interest due;fourth,to principal due;and last,to any late charges due under the Note. "'`�`::
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<br /> ' " � 4.Charges;Lien4.Borrower shall pay all taxes,asse.csment�, chargea, fines und impositions uttributable to�he Property .... .
<br /> • � which may attain priority over this Security Instrument. and leasehold paymenls or ground rents, if any. Borrower shall pay
<br /> 1 these obligations in the rnanner provided in paragraph 2, or if not paid in thal manner, 8orrower shall pay them on time directly ' ��
<br /> to the person owed payment.Bortower shall promptly furnish to l.ender ull notices of amounts to be paid under this paragr�ph.
<br /> If Borrower makes t�c.,e payments directly,Borrower ahull promptly furnish to Lender receipts evidencing the payments. � '����
<br /> ' Borrower shall promptly discharge any lien which has priority over this Security Inxtrument unless Borrower:(a)agras in ; ,;��. �
<br /> writing to the payment of the obligation secured by t8e lien in m m�nner acceptable to[.ender;(b)contests in good faith the lien
<br /> ( by, or defends against enforcement of the lien in. legal praceedings which in the [.ender's opinion opernte to prcvent the � � .
<br /> enforcement of the 1 ien; or(c)secures from the holder of�he lien an agreement satisfactory�o Lender subordfnating the lien to '
<br /> _ ., this Security Instrument.If Lender deterrnin�that any pan of the Property is subJect to a lien which may attain priority over
<br /> this Security Instmment,Lender may give Borrawer a natice Identifying the lien. Borrnwer shall satisfy the lien o�tak�one or �
<br /> � ;; more of the actions set forth above within 10 duys of the giving oP notice.
<br /> 4 Form 3028 91A0 '
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