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<br /> '�'(1�7G'�'IfF:l2 WlTH:di the iriipraden�:nts now or ficrtaRee erectecl on tl�e Nroperty, and afl euyem�n�trapl����S,���
<br /> fixtures now or hsreafter a part of tht propeny, All «eplacements nna additions ah�ll ulso be coveretf by thls Securlty
<br /> lnstrument. All of the foregoing is rtferred ta!n this Securlty inatrument as the"Propsny." �
<br /> BORRO�VBR COVE?idANT5 thnt Borrowcr is Iswfuily aeised of the estate hereby convey,r.d and hns thc right ta grant and
<br /> convey the Property�nd that the Property ie unax:umberud, �xcept for encumbrances of record. Borrow�r warrants�nd will
<br /> defEnd generully the title to the Property•rgainst sl!clu'sm:3 aaid demands,suhject to su�y cncumbrances of record. :
<br /> TH1S S�CURITY INS'fRUM�NT combines unifomi covenanta far nutional use and non-uniform wvenants with limited
<br /> vsulations by jurlsdictiun to constitute a unlfarm Security instrumept c4vering rcal pmparty.
<br /> UNlFORM COVLNANTS. Borrawcr snd I.cncier coveau�nt und agree as follows:
<br /> l. Paymcnt ot I'�inclp�l and tntaYat; Prepwyroent sn�! LAte Cl�ar�ee. Borrower shall promptly pny when due the
<br /> princlpal af and intcr�est an the debt evidcnued by tho Note and nuy prepayment and late charges due under the Notc.
<br /> 2. F`uedt for Taxea�end A�sunt�e. SubJe�ct to applicable law or t4 a writtan waiver by I.ender, Borrower shall pay to
<br /> I.s►xkr an ehc day monthly p�ymente are duc under the Notc,until tha Nate is paid in full,a sum("Funds"):For:(a)yearly taxes
<br /> and assessments which may attain priority'over thia Sccurity Ir�strument as a tien on the.Property;(b)yeurly leasahold paymen�a �
<br /> or grourKl rents pn tfv:Property,if any;(c)yeariy hazard or p.r��ty insurance premiumy;(d)yeax4y flcw�d insucaace premiums,
<br /> if any; (cl yearly rrx�ttgaga insurance�renuum9, if�ny; a�xl(� way sums payable by Horrower to f.endtr, in eccorclanCn with
<br /> the provisi�na of puagr�ph a,in lieu of tt►�pzynxnt o�mortgage insurance premlums.These items are called "EscroW;If4ms."
<br /> � I.er�der may. At any tir�xs, ooUect sinnd hold Punds in an amount not to ex�cxd the maximum amount a lender f�r a frdenilly ' � . .
<br /> rrl�!n� mortgAge la.n m�y *�uE*e for�rrower's tscrow n�eot�nt!�nt�er the ft�ieral iRr.al �?atate SGttl�ment Peocedures Act�of.; ,�� � •
<br /> 1974�s arr►c�xled fmni tiim to time, 12 U.S.C. Section 2601 et seq. ("�tESPA"),unless a��,other law that applies to thc Funds '
<br /> sets a'',le"sser amount. If so, Lencier may, at any tl-me, cbllect arKl hold Fu�s in un amqunt:not to eRC�ced the leaser•umount:•
<br />' I.ender�may estimate t�he amaunt of Funds due on the basis of cunent data and reasonub}e estirnates of expendimres of future � ,
<br /> Escrow Items or ottrcrwise in nccordance with spplicable Iaw. .
<br /> � .'Tbe Funds shall be 6eld in an institution whosc daposits aro insured by a federa! agency. i�YStrumentatity, ar entity .. .�
<br /> (incluil.ii�g Lend=r,if L,ender is such an insEitution)or in any Pedera!Home L�oan Bank.I.ender shali spply the�u�xla to pay tt►e
<br /> Escrotiv Ytems.L.enAcr m►y not charge Borrower for holding anrl•g�plyfng the Funds,annually analyzing the escrow aocc,pnt,or
<br /> verifying the Escrow Items. unless Lender pays Horrower intei'agt dn the Fut�ds and applicable law perntits Lender to malcr such ,
<br /> , a charge.However,I.ender nuy require Borrower to pay a one-time charge�'qr en inde}►endent n�l estate tex rcporiing aervia ;
<br /> u�al by Lender in �onnection with this ioan, unless appl►cable taw prbvides otherwix. Unless an agrerment is mwde oF •�;,�
<br /> enplicahla law rmuires Inter�st ta he naid, Lendei•shull nnt he roquire�to Qny Borrower any intenst or P��+�nms on t'ho Punds, •
<br /> Burrowet.and Lender may agra in v.vriting, however, that intcre�st shall be paid on the Fancls. Lender shal!give to�i�orrower, ,
<br /> wiihoYit chs�rge, stp xnnu�l accouuziqg of the Funds, sbowing�credits And debits to the fiuhda and the purpose fo:which eaqti
<br /> , . debit to the Punds w�,�mndc.TlY Funds are plodged as addidonal security for all sums secured by this�er.urity Inatrument. ' � '
<br /> •; � . If the Funds t�el+�by L,ender eaceed the yriio},��ts p�rmittod to be held by,applicable law.I,endor stli�lt'acvouat to 8otrrorwa' �.'.
<br /> for.th�exc�ss Funds in;�ccordancc with tha requireznents of Applicable law:,.:Lf the ainount of the Furic�a,t�eld by I.a►der et u�►y
<br /> tima is�wt su�cient to pay the Escrow Items when due,I.�nder rnay so notify Borrawcr in wridng.and,in such cx�se��srowet
<br /> shalt pay to I.encier tht sut�ount neces.�sry to mako up the defieiency. Hc�rcuw•er.sh�ll melct up the�eficiency in n�moro disi�
<br /> twelve manthly paymrnls,at Leoder's sole discretian: �•
<br /> Upaa payment in fu�f of al: surc� ;,�curerl�by th�s Security Inst�umenl; Lender shatl pro�rptly rufund to Bornower any
<br /> F'unds held by Ixawler,If,under paragraph 21,I:cnder shuli acquine or aelt the Praperty.l.ender,prior to the scqulsidon o'r sale .
<br /> of,tLe property, sh�11,.8pply any Funds hr��by LeixL:r at the tiine of acquieition or sate�,s s cralu ag�inat the susna socurcd by
<br /> thfs Socurity Irntruma►t. . �;;, - .
<br /> 3.AppUcatiod o[P�pments.Uai;e�A ap�licahle law provides othenviso,all payments raxived by.x.end�r under ptragr�h.�
<br /> . • '! und 2 shall be spplied:first,tu anY PrepwynxnO.CherRes due oixter the N�te:secard.to auwunts paj!able under paragr�h�2;
<br /> ' third,to intarest due;fourth,to pcincipal due;urftt rast,to xny late cherges due uoder the Nae. ' � •
<br /> �{,.�."h�rs; I.ieee.Bornower s�,a[1 pay nfl taxes.assessr.�enes. clu�rges. fines and im�paitions+�ttributs�ble to tl,1�i?ropecty
<br /> wl�icti msy atuln prtority over this 5ecurity I�utrumsnt. �.�r;a�rno�a�ym�cs or B�a �, if any. Borrowu•:shell paY .
<br /> thae ablijuioas in the menner providod in pa�ugraph 2,or if rat psid in tluit ma►ner,Bornower sfwll p�y them.on timo dirxtly
<br /> ,:. , to the'person owod payment.Harrowrr stwl!promptly furnish to i.ender all,notioss of 6unow�to be�id undet this prrrytn�h. �
<br /> [f 1lorrower nwlces these payments direcdy.&�rmwer sluill promgtly fumisFi;[o Lender rcoeigss evidencing the p�y�ne�ta. . •� � �- .
<br />- Borrower stWl promptly discharge uny litn which has priority over this Socurity Ingtrumau unlGVS Dorrower: (a)agras sr��
<br /> wriGng to the p�yme�t of the obligation socurod by tl�e llsn in.��zwar�r acceptable W Lr:�til�c�;{b)cA�testA in g�od faiGh the lien
<br /> - by. or deferid� ag�inat rnforcement of the li�ri �n, leg�t proccodings which in the Lende�'s opinian oper�te to jmvent th¢
<br /> t., :
<br /> _ er�forcernenc of the lien;or(c)secures from th�h.dl'der of the lien an agrecment satisfactory to Lendet se�bqrdinating the lien tu . .
<br /> ';�, ` thie Security lnstrument.ii[,endcr d�termi�xs tf�at any part of the Propecty is subject to a lien which'�i7�'n,.v atuln priority over �;;_ •�•�
<br /> ` '''� this Soc°adty Instniment,Lender msy giee�rrower a noticc,identifying the lien. Borrowrcr shall sa►.isfy t�o•li�n cts take one or �
<br /> moce of the acGons set fotti�abovo�vithin 10�ys of the givir►g'pf ne�tice.
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