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<br /> TOGETHER WITH a11 the improvements now or hereafter er�ted un the property.ar.d all easements.appurtcrrarcces.and :�r.�•`_:'t
<br /> r_s_..;:.�s:
<br /> fiatures now or hereafter a part of ttte pmperty. A!1 [eplacements c�nd additions shall alw tre rnvered by this Set�:rity _ ,;
<br /> , '�
<br /> Insuument. All of the foregoing is referred to in this Security Insuument a,s the°Propetny" _ :��.,:.
<br /> BORRQWEtt COVENANTS that Hora'ower is lawfully sei�ed of the estate hereby conveyed and has thc ri6he to grant and ;;..�,�:�:;
<br /> cunvey the Property and that the Propercy is unencumbered, except for encu�brances af mcotd. Borro�ti�er tvarrants and wiil ;;,'r,,
<br />`. defend generally the tide to the Property against aU claims and demattds.subjec4 to any enc�uabrauces oE record. ..��
<br /> THIS SECiJRI'fY INSi'RUNiEIVT comDines uniform covenants for nadanal use and nnn-uniform rnvenants with lirsited "'.'.,,-,
<br /> variations by jurisdiction to oonstirute a uniform sec�arity inuiument covering rea!properry• '_-
<br /> ; UNIFORM CaVENANTS.Borrower artd Lender co•renant a.zd agrce as follows: ,�` :
<br /> 1. Faym�t af Prindpai aud �aterss� F�e��Yinn�t and Latc Ctq�eS. Borrower st�all prompdY �►aY when due the �-_-�
<br />• principal of aazd'uuerest on the debt evidenced by[he lvote and any prepayment and late c6arg�s due under the Note. �',:;�.';,;
<br /> 2.Fuuds for'i'ases and lnsurance. Subjert to applicable!aw ar to a wriuen waiver by L.ender, Bomoiver shall}v�y to �,«=.L_
<br /> �:.„::�,:
<br /> I.endcr on the day�onthly payments aie due under ths Note,until the Ptute is paid in fup,a sum("Funds")far:(a!ycarly uuces �,�
<br /> and assessm�nts whic6 may attain priarity over this Security Instrumeat as a lien on the Property:(6)Yearlg teasehold payments —:-,;��-
<br /> earl da7aid or ro uLSUrance remiums:(d)Y Y p :: .°^..
<br /> ot ground renu oa the Praperty.if any;(c)Y Y P P�Y� P cari flaod inswatice remiums, :;�r�,
<br /> .:;".n ..'_ :
<br /> if any: (e3 Y�Y���Se inc�*ance premiums. if any;and(fl�►Y�PaYable by Horrower to Lender, in accorda�ce with :;,.- °.:'
<br /> the provisions of paragraph 8,in lieu of the payment of mortgage insutance premiu�ns.These items um called"Escrow Itmns." �,.,-:�-._,
<br /> �_�<<-�
<br /> Lender may. at any tim8. co11eM and hotd Fands in an amount aoi to exceed the maaimam amount a tender fos a fed�smlly _..__ _ __
<br /> related mortgage loan may require for Borrowei s escmw ar.count ynder t6e federa! Real Fstace Settlement Procedures Azt of �-.`
<br /> 1974 as amended from tirne to tirne. 12 O.S.C.Se�tion 2601 et seq. ("ItESPA°).unless another law that applies to the Fands �.'-_-"
<br /> sets a tesser amonnt.If so, Le+ider may, at azry.ti�ie.colled and haid Funds in an amount not to exceed the les�er azununt. �", .
<br /> I,ender may estimate the amount of Funds due on the basis of caurent daia and reasonable estimates of elcpenditures of future I� ...'�.�.'
<br /> �._�.y.
<br /> Escrow Items or otherwise in accordance�vith applicable law-
<br /> The Feu�ds shal! be held in an institution wiase de�s:�s are insured by a federal ageucy. instramentality. ur entity ��-. •���.
<br /> (tncluding Lender.if i�aides is such an institutiv*►��T��y F+��r a l Home L oan B a n k.L e n de r s h a ll a p p S?•E h e Funds to p a y the c= -
<br /> � F.scraR L'.�s.Lender�y nat charge Barrou�YaT hoi3ing�.c+u applying the Funds.annually analyzing��.scrow account,or R' _�—.
<br /> verifyir,�d�Fscror�L=�s.unless Y.ender pays 8�'�vrer irrcz�st�,n the Funds and applicalrk�taw permi�;,,:,{!L�to r�akc such
<br /> iif
<br /> ..,�. �'.
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<br /> ,;, a charge. However,3�:der may rea.�e Borrower tu pay a one-time charge for an indepene�..�t real estate tax r�Ort�ng s�ce `
<br /> used by Ixader in oQrc�cuon with rhis toan, unless applicable law grovides othenvise. Unless an agreement is ma�e or ' - °
<br /> applicable law reg�.*s..��.'�ress to be patd.I.euder shall not be required to pay Borrower any interest or eamings on the Funds. �`=
<br /> gorrower and Exnder�-rsy agrce in writing,however,that interest shall be paid on the Funds. Lender shaU�ve to Borrower.
<br /> withouc�h�e,an annual accoun�:E;of the Funds, showing crediu and debits to the Fun�s and the pwpose for w�icb each �:
<br /> debit m dhc L'-�nds was made.The F�is are p9edged as additianul security for all sums seca��y this Security Instnim�at. � ., _
<br /> If�t���snds held by Lender exceed th:amounis pesmitt�s�go be held by applicable i�s�...�xnder shall aocdunt to�a�awer =--�
<br /> � '�' for the e���ss Funds ia aocordance vrith the req,�.n.��v�:ns of�Icable law.If the amoum e f t he F u n d s h�l d b y L e n d e r at an y _
<br /> ' iime is co:n.Su�C[e.bt to p3y Ihe Escfov/Items t�h��i6�e.Le�der may so r�ntify Borrower in weiting,a.^.r�,i,�such case Borrow�er
<br /> �,•----
<br /> :�� s6a11 pal:tv l,endet the amnnnt aecessary to make up the d�f:taiancy. Borrower shall ma�c��ths d:�.�si.a�ry in ao more than Y"----
<br /> twelve monthfy payments.at Ixcder's sole discretion.
<br /> �.��.�� Upon paymeni in full of all sums secured by tlus Sec�rity InstrumeQt, Lender shal9 prompdy refund to Borrower any ���
<br /> � Funds hetd[sy Leu�e:.T.E.under paragraph 21.I.ender shall acquire or sell th�Property.Lender.prior to i�ne acquisition or sale �
<br /> u¢the property.shalY:s�r�;y any Funds hetd by Lender at the time of ac�uisi�i�na or sale as a credit ag���e�►e sums secured by
<br /> � �` this Security Instrament. � ��_
<br /> ;'
<br /> �� 3.Ap;(�3c�ation of Pgye�eats.L�,�rss applicable law provi��s otherwise,all paymeats received by I,euder u�er paragtaphs
<br /> 1 and 2 shall be a�plied:first,to any prepayment charges dce u�er the Note:second.to amoants payable under pa.: 1 h 2:
<br /> '"'�� � third.to interest due;fowth,to principal due;and las�co any late charges due under the Note. � �.�
<br /> '��� q�Ch�rges;Idens.Borrower shall pay all�urxs.assessmenu,charges, fines and impositions amibutable to the Property ` .._,
<br /> : �;`� � which inay attain prtoriry over this Security Iast�ment.and l�►sehold payments or ground rents, if any. Borrower shalt pay —
<br /> �, these obligatiosLS in the manner provide�in paragraph 2.or i•_•`�rt�paid in that manner.Boaower shall pay them on time directly ��.
<br /> �;�; to the person owed payment.Borrower shall prnmpdy fumish q�I.ender aU notices of amounts w be paid under this para$mph. ___.
<br /> If Borrovu�r makes these payments dim.ctly,Borrower sPtall promptly fumish to Lender receipu evidencting�he payments. :
<br /> ��..: .�_.
<br /> ' Bomower shal`.Ucamptly disciiarge any lien which has priority over t�;is Security Inswment unless Bonower:(a)a�;s in =
<br /> wridng to the payir.uti�of the obligation secured by the Ilen in a manner aa��xSle to Lender.(b)contests in gaod fait6 the lien �_ -�
<br /> � by� oc'd�.:�'.nds against enforcem�-r:of the lien in. legal procr'�rxfin�s w�ich in the I.a,rti.�r's opinion operate to prevent the �:;:
<br /> enfan�asnt of the lien;or(c)sec�res ftom the holder of the I�su�an agrcement sadsfi�a�to l.ender subordinatin�t�ci!lien to �
<br /> , � , this Security Instrument. If Lender determines that any part of the Property is subject to a lien which may attain pr"r�fiyj ovet �';
<br /> tb�±g Securlty lnstrumeni.Lender may give.Bcrru.•a�er a notice identifying the lien.Borrower shal)satisfy the lien or s%��one or _
<br /> � rea��if the actions set forth alwve within 10 days of the giring of notice. _N._
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