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<br /> ; < 'IbLiEETtiEI� WITH all the impmvements now or he�eafter erect�d on the prop�rty,and all c�sements.aFP�cxs.and � -
<br /> . fixnu�s now or hemaftea a p1t of the progerty.All replasements and addirions shail also be oov�cd by this Security Iasuu�eat ° `''�a
<br /> • All of the fa�e oin is�feaned t4 in this Sec L�strumeat as the"Pro �r=.----,-- -.--__ . __
<br /> BORRO�VER COVENAPIT'S that Barrow�is lawfiilly seised of dce estate heaeby coaveyed aad has t6e rigki tn gcant and � . :. '`t
<br /> � convey the�'mperty aad t�at the Propxsty is uaer�temnbered.except for encumbianccs of record. Boaowea wairantc and wiIl � . � . . ,
<br /> d�fend genecaSly the dde to the Propeity againsc all r.lzims and demauds.snbject to any enc�ambrances of record.
<br /> TFIIS SEC(3RITY INSTRU1bdENT combines unifoim covenants for narional use and non-nnifmrm covenants with lunited
<br /> -'' variations by jurisdicxian to constiwse a unitorm seturity insuum�t coveain�;real prage�ty. - - _- - : - -. _
<br /> : .i UI�OItM L'OVENANTS.Ba�wea and Leadea covenant and agcee as foItncv� � �_ '. �
<br /> 1.Paymeat af Pcins�al tuirl Inte�rssB;Pr�ay�neat aad Lete CLarges. Barmwea shall prampdy pay when due the , .-
<br /> pr�cipal of and mte�st on the debi evideao¢d by the Notc and any prepaymeni and iaic ch�es due undea the Note. .
<br /> Z,l�unds[or Ta�es and Iastnaaoe. Suhjed to appticab2z Iaw or m a wriucn waiv�by I�uder.Borrower st�all pay to . _ . .
<br /> Leadar on the day monthlY PaYQ►eats are due aader the Nate,unril the Nots is paid m fiil1,a sum("Fmcds")for.(a)YeazIY ta�es .:T.'�-:-,.'_
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<br /> and a�sessme�ts which may anam priority over this Seciuity Inswment as a lie�on the PtoPertY:(b)Yearly 12ase�old payments ..
<br /> or ground rents on the Propeity,if anY:(c)Yeazly hazard or propeny utsarartce pzemium�(�Year�y Qood insurance pzemimms,if ---.---
<br /> �Y:(e)Y�tY��Se insuzance premiums,if any;and(fl any snms payabte by Borrower to I.e�der.in aocordance with the -. - �--,��_=,-:�:�;�:�'
<br /> I ,i provisions of paiagiapb 8, in liw of the paymeait of martgage in�aaaaoe��*+*n+nc,'Ibese iLems are caIled °Fssmw Items.° - -
<br /> Le�der may,ai any dme,colle��ucd hold Funds iu an amount aot to exceecl the ma�c�um amouat a lrnder far a fededaRy:elated • . � ",r -�-.. .�,. _
<br /> m loan may ceqarre for BoAO�uer's csc�ocv aa�nnt�tfae fede:al Real Fstate Se,ule�eut Proced�es Act of 19T4 as , , �''"'�'.'�
<br /> � �-:,:°�•-��3co::-
<br /> amrnded fivm t�e m tim�12 US.G Secaon 2601 et seg. ("RFSFA'�,m�kss another law that appli�s w the Funds seis a lesser . .� .:.���:.:._�.�,.
<br /> amount If so.Leuder may.at any time,collect and hold Fnnds in �amoant not to exceed the lesser amount Iaader�nay ; '': _
<br /> ,,•., es�ate the amoimt of Fimds due on the bas�of cereut dar�aad rea�nnble estimalas of expead�s of fi�wre&�erow Items or
<br /> - - adie�+ise in scoordtutce�vith applicable taw. r�s�t-. � ' , _-�.��,�y:`
<br /> The Funds s6aI1 be hetd is an institution whose t��.�,�,;. ' - �'—�
<br /> degasits are insUC�ed by a fedrsal ageucy,�entality,or enfity('mcluding :�:,
<br /> I.ender.if Lendez is such an instiwrian)or m any Fede�al Home LQan Bank.Lendea shall apply the Funds tn pay the Fscrow • �-.f� ' "��. —
<br /> - I�s.Leuder may not charge Boaowcr far hold'mg and applymg the Funds.annuatly analyzing the eccrow axaant,or veiifying �,�`'`-'
<br /> thz Fscmw Ite�as,unless Leader pays Baimw�intere.ct ou the Funds aad applic�ble 1aw permits Lsndea to maice such a c6arge. _ _ ._ ,- �. . r. _
<br /> ' However,Leadea may xequue Bmsower w pay a ane-sime charge far an iade�dcnt real estaie tax repartmg sesvice�sed 6y
<br /> > G�aa�er in conaection wi�h this 1oan,unless applic�ble taw pmvides othcawise.L;uless an agre�ement is made or apptic�ble law � �� �'��::� `. __
<br /> r�t��s mtaest to be paid.Lender shall noi 6e requfred tn gay E��ea airy mteiest or eamings on the F�mds.Batrowet a,�td u ..,,.- ' .'��i.
<br /> 111 �•r_'
<br /> Leuder��ee m writ�g.hnwever,Wat mtr�ct shaII be paid m�I'-imds.Le�der sl�aU give w Bmrow�,withant ct�a�,� °� . , �� � �
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<br /> ' annnal a�g of d�e Funds,showumg credit�and debiis w 1he�and thz pu�pose for wtuch eac4 debit w the F�mds� ; �,.. -• A
<br /> made.lT�e Fcmds are pta�ns additional seauity for all swns s�d ir%*�Sr�rity 1uus�unment , ,_�, .•��;-'�s.
<br /> If the Fuads beld by T.�mirr exceed the amoonm pamiaed w be t:�Gg�in�lsLe law,Iender shall acco�mi m Borrower�c�r ' �� ''� ,��:,;-
<br /> tha excess r�sifs m accaordamce cvit6 the req�inements of applicable��..If�e�u;u¢of the Fundc�e2d by Lender at any�is •:i�.��
<br /> not snfficieee.rc the�Crow Items w�en due.Le�eder ma so noflS'q�13.�irowa m writin and.�such case Barmwer sba� _ i 4, ��v .';'-
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<br /> w L e n d r a d�.a m o u n t neressary ro m a k e up W e d e fi c i e ncy. B o r r o w e r s h a II m a Y e ap t h e d e fi c i e�cy e n n o m o r e r h s m t w 8 i v e ��:t<:f+:.�.;:,
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<br /> • `/� ►aontlilY PaYments,ai Leader's sola disc�eaon. , . �`��--`
<br /> °. , Upvn payment in full of all sums secared by this Seauiry InsuamenL Lendea shall P��P�S+refand w Harn��pny Fands r ° ��,G:=a_—
<br /> ;,�'°:I hold by Le��.If,nndcr pa�ag�apb 21,I.endez shall scquire or se'.L�he Propesty,Lender,Priar to the scquisidaz cx��i:�`_�e -
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<br />:�.�1; �P�Y,s't�P3 appiy any Funds hetd by Leader ai the ame of aa�i�a:n or sale as a credis against the sums saas�3:�-��iiics - __- -
<br /> �Si. ` Sec�uity Instrutneat '':�;
<br /> . : 3.Applia►tion o4 P�nments. Unless appficable taw provides a:war:.:�.,��ayments received by Leader under paia,.,a-r�l:�s ���-��'
<br /> . � l and 2 shall be a�iiF�� fi�st,w anY P�Yment cbarges due under aa�;'_tc�:�.nd,to amounts payable nnder patagr�.'�2; ~.�-�-:
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<br /> `:; thud.ro uiteiest du�:f�,to prmcipal da�aud 1ast.to any late ch��,::e;�s,��Sze Note. � ��,:,
<br />`-i;� :; 4.C6a�g�;Lie�. Bormwer shti:l�y all taaes.assesvneats,��3es,fines and impositiozs attr�utable to the�� ' �` y� • • -
<br /> `. �s whic6 rnap�:a priori over this S Insonunent,and Iqseho:" ents or , '.` �`,.••' --
<br /> �N �eY �Ym grottnd rents,iS�y.Boimtvst u'�211�•�Q�.. ''-�a :. .�.�-,-.___ .-
<br /> � obligations in the mann�provided in parageaph 2.or if not paid in th�t manner,Bomnwer shall pay them oa ti�re�.�tty�ta the -
<br /> � . peason owed payment Bmrowra shall pmmpity fiunis6 w Leader aU aotice,v of amonnts w be paid vnder ti�i��rag�aph.If .�-^^�*r_, . T -
<br /> . Barrower makes these payments d'uectly,Borrower shall pmmpdy fiunish w Lender receipts evidencing the payme�m. ';•�.� -
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<br />:.'': .• . Bonones shall pmmp8y discharge any lien atuch hag priority ovea this Security Insuument unless Borrower.(a)2��3� ��;� '�"' .;:.�.;':
<br /> °�<<� wri6n w the ent of t6e obli on sec�ued b the liea�in a manner '• �� �
<br /> _ 8 PaYm gati Y accePtabte tn Leader;(b�cont�sts in goad faith�1� �.,•,
<br /> . by, cr defends against enforceanea�t of the tie,n in, legal proceed'u�gs vitricb in the Lender's opinion operdie to preve�:�*e �`��l -
<br /> �• ' enforce�nent of tha lien.ar(c)se�ues from the holder of the tien an agrecanr�t satisfacxory tn Lender suboidin.�ng the&��s: k -�'�'-'•'.. -
<br /> ,. _; . this Secauity Instrument If Leeadea deteamines that aay part of the Pro u�Q' oo a tie�n whir� •3���is ���'V;�`�?�"..;:.,`
<br /> . L PertS'� l�t maY at�17ric�iry u r�' `�,i.���, „"�.�
<br /> ,�. ! Seauiry Insuumeat,I,�derr may give Borrower a nodce identifyiag tiTe Eia�.Bam�wer shall satisfy the liea�or iake oae ar�ac�; � ,. ;9, �'
<br /> �� `�}' of the actions set forth above within 10 da=s of the -�����'���'� ��
<br /> 1 Biving of notice. , r,�"'',t;,n, -
<br /> � !� Fc�em8028�/�0 r .���°1'".' i •. �
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