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<br /> 'I�OGEIIII�R illtlfH ali e6e improva�e�s aawr a NaaiRa aecle�on thG pcope�ty.aed aU e�+aaaus.�PP�� . .
<br /> ` aod fuoir�s m�'v ar 6Qeitiar a p�t of the poa�paty. All teplaoements�f addit�slutl�lso be oovered 6y this Sxuciti!
<br /> � b� Ai!of Qre fa�e�oio�u�ased ta in tbis Sawnty ittsaume+�t is the"PtoQen9•"� `
<br /> BoRROwEit C"DYYE�fAxcS tivc Barov�is Iawfutly setsed'of the estace t�e�+ehy conveyed aod tas tl�rigfit to�nt
<br /> - �'. �ud oonvey tf�Ropaiy aod thu die P�+npaty is una�cwrtbaed,excepe fpr encu�tmces of rsca�3. Barotres wamMs md ` :
<br /> _ wiII de[eod�CaUy tLe�4tie ta t�Prnpaty ag�st�tt ci�ns aw�f BeauMs.snDject to arty a�cumhr�aces of tewrd. ,.
<br /> TEIiS SECaJRTI'Y INS7'ItU11�Q.'N'f combiaes aoifarm covat�ats far aatlonai�use and noo-unifo�n►covenants with
<br /> l�sited v�i�ions by jansd+ction to canstiU��e a�ifam seewityriastr��eac covtfm8 real pmPatY• ' .
<br /> i�VIPORM COVENAN7S..Botrowa and t.eader�va�and agiee as faliaws: °
<br /> L P�j�at dPri�tipd a�d 1�ah Pr'eP�lae�t a�d�ap,`CM�tes.,B�war sbaU piompt�Y WY wbea duc the
<br /> prbx�l of�ad interesi oa the debt evideaced Dy the Nate aad a�ry�ymaa and lua cdacges due under the Nae. � .
<br /> ��S fac'13�us ard Iwra�cG Subject to appliwbk Isw or ta a wriaen waiver by L�e[rda,Barower shaB pay to
<br /> Lmder oa tha day mp�chty paytnenu ate due andQ.tlx Nlotq�u�til tht Nate is p�id iat fnll.a sam("Fmds�7 for.(a)yeulY
<br /> � twces sad assessrrxnts�ritici�may�p�ioritY over this Secarity Iq�nanent as a tien oa tbe Fropaty:tb)Y�Y�b
<br /> � p�yments a gtotmd nots aa t6e Ptapecty.'if aay;(c) YeuiY 1�azaM or P�P�Y insu�ance pnrniwas: (d)Yeu1Y flaod
<br /> ;n.ionuace premiums,d#dy: {e)Y�Y��P���f any:anQ tfl�Y�PaF�k 6Y Bnnower to .
<br /> - Le�der,in accorduice wiW the provisions of�uagraph 8,in lieu of the paymmt of wortgage insuranoF Peem►ums- These
<br /> � itans s�e c,�lled"Escraw Items." I:eadet may,at aay tune,rnllect and�o1d Fands m an amo�mt aot w ezceed ihe mauimura
<br /> anwunt a Mdec.fqr i�f'ederallY retamd mort888�loan may requirie for BartowerS esc�uw aceount wxfer tlre federat Real
<br /> - - Estue 3ettlemeot P�ocedu�es Act of 1974 a�amended fmm time to timse.l2 U.S.C.4 2601 a uq.t"RESPA"},ualess another
<br /> Law th�t applies to�iimds sets a lesser amo�mt If so.Laidermay,at any wne.coUect and 6old Funds in an amount nat ta
<br /> exceed tbe lesser au�uu. I.ender may estimate.dk amount of Punds dut on th� b�sis of current data au�d �nabk �__
<br /> estia�ate's of espe.Mitwes af futute Escrow Items ar othaRrise ia accardance with applicable law. _ —
<br /> . 'IUe Iimds sLaIl b4 held ia aa instiN6an wbose deposits are insund by a fede�l agency.instrumentaliry,ar entity ---
<br /> _ .. � �irictii�nB T.aidier,if l.aider is sucb�n iaslitation)or in arry Fedeni Home I.oau Baaic. L.ender stull apply the Funds w pay —
<br /> • ; �. tbe Bscrow items. I.rnder may not chuge BoRUwer for holdiag and applying the Au�d.s,annually anatYzinB the escrow
<br /> - .% .' accoua�a verifyiRg the Esccow Iteeas.wiless���ender PAYs Bcxr+ower mtaest an the T�unds and applicab{e law pem�its
<br />_- � . ;, Lrnder to make such a charge. Hawever,I.erideX maY r�v�e Bmmwer to{�y a ax•Csme charge for an independent teal — --
<br />- :' `�: , ..egt�►1e tax ceporting service used 6y Leader ia camec6on with this toan,unless applicabk law pmvides otlxrwise. Unless an �;��
<br /> •_ ��,.:'a�oeiaent is madc ur applicable�a�requires inte�st to be.p�id,Lender sh�11 not be req�.#�pay Barrower any inrerest or .�:,r..�:
<br /> � eamings on the Fvnds. Barowec arid Lendes may agroe in writing.howevet,ttsat�nter�sE sT�:l Ue paid on the Punds. Lender �-��
<br /> _- shall g'�ve to Bormwer,withoat ct�arge,aa anaual accounting of the Funds,sbwswiag c�ts and debiu w the fiunds and ttiee ��_
<br /> - purpose for whieh each debit to tf�.Punds was made. The F�nds arc ptedg�as addttional security for all sums seeuced bY. =�—
<br /> this Security lnsuucnen� � ' �`~-��
<br /> If the Funds held by Lender:ezceed tlse amoants pertnitted to be hetd by applica6le law,Lender shall accoimt to __�_
<br /> - - Borriuwer for ihe excess Funds in aecordance with t1�e reguirements of applicabte law. If d�e amounc of the Funds beid by
<br />_ : ' Lender at any time is nat sufficieat io pay thc Fscrow items when due.Lender m�y so naafy Bormwer in writing,and.in
<br />_. -�, such case Bormwcr shap pay to f:ender the amuant necaessary to make up the deF�clencY. Borrower shall make up the ���—_
<br /> -- deficie�cy in no more than twelve monthlY PaYR►e�c.at Lender�s sole discre�iari. --"
<br /> - UPon PaYrtxnt in fuU of all swas secured by dus Security Insuument,p�euder stiall promptly rcfund to Borrower any �:=_
<br />_ Funcls Aeld by L.ender. If,under parapraph 21.Leiidet s6aI1 aoqnire or seiE tl�e Prape�ty,Lc�der,pnor Eo the acqoisiaoa or �--,.=--�
<br /> sate of the�topecty,shall apply aay Punds hetd by Lender at the time of acquisitiam or saIe as a credit against the sams :,:r�
<br /> secured by this Savrity InstrumenG , . '`�'�:��
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<br /> -� 3. A tbn d P�yments. Unless a licable law vides othecwise,all a ts received b Lendar under �'-°
<br /> ppliq PP P►n P Y� Y :e�`:'��:;..�-�
<br /> ' paragraphs 1 and 2 shalt be applied:first,to any prtpayment c6arges due under the Note;second.to amounts payable urtder •.._ ��,;.:
<br /> • p a r a g r�p h 2;t h i r d.to intet�est due;fourth.to p r inci p al due:and las�to any late charges due under tfu Note. �---'�=���=_
<br /> 4. Charges; Lkns. Bormwer shail pay al!taaes,assessmenu. charges.fines an�impositians attri buta b le to i h e �'�* ��'•�
<br /> Property which may attain prioriry aver this Securiry Instrumenb and leasehold paymenGs orground renu.if any. Boaower :."�,;i}��
<br /> . shatl psry these obligations in the ma�sner provided in paragraph 2.vr if not paed ia that manffer,Horrowet shall pay them on
<br /> -�: time dircctly to the petson owed paymen� Bo�rower shall promptiy fumisb to Lender all nouces of amounts to 6e paid under �"����.-� �
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<br /> � this paragraph. If BoROwer makes these payments directly.Boaower shall promptty furnish to Lender receipts evidencing ' �'.
<br /> z-" thePaYments• � _::.:�.=;�-
<br /> Borrower shall promptly discharge any tien which has priority over this Securiry Instrument unless BoROwer:(a)agrees �;��;��_
<br /> in writing to the payment of the obinyation secured by the lien cn a manner acceptable to Lender;(b)contests in good faia�E'.ie • ��'�•
<br /> �� lien by.ur defends against enforoement of ihe tien in,legal pracee0ings which in the l,ender's opinlan aperate toyreve�t¢.�e , _�'-�'"='
<br /> �;;:,...:;,_
<br />_ • enforcement of the lien;or(c)secuns from the holder of the hen an agreement satisfactory to Lender subordinating the Iien �- � "`
<br /> t o t h l s S e c u r i t y I n s tr u m e n t. I f L e n d e r d et e r m3nes that an y part of[he Pro p e r t y�s sub ject to a lien which may attain priority . :�.;�'��`'`���
<br /> � over thls SeCUrlty TnsWmen�l.ender may give Hotrower a notice identifying the lien. Borrower shall satisfy the Iten or take ,�� .��.:`
<br /> • one or more of the uctions set fanh ahave within 10 days of th�giving of natice. ;• • y
<br /> S. Hszard or Praperty I�sa�rapca Horrower shall keep the improvements nOw existing or hereafter erected an the ,'�;'�:. .. , ,
<br /> � . Properiy insured against toss by f�e.hazards included within[he term"extended caverage"and any ather hazards.incluQing ` .�!•:'�''� ` • . _
<br /> __���' .__ � _ flood4_or_floodiag, for which Lender requires Qnsurance. This insunnce shall Ue maintained in the amounts and fot the
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