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<br /> - 'COOETHER WITH All the jmprovemente no�v or haresfter erecte��ari tl�e propeMy.and all eeQemenu.
<br /> wppvnenanrea,wxl flxtures now or he�cafter a pa�t og the prope�rty.u�repincemente and additions shell olco be wvercd by
<br /> Ihia Seturlty inrtrument.All of tha fotegoing ia rcfcmed to in th Sec ry Inapument as the"I'mperty."
<br /> - Botutow�at Cove.w�t�n's that Borrower ia lawfully seiced of the estate he�by conveyed end hes the dght to grant wid
<br /> �� - ° - - eonvey thep�p�tty and that tho Property is unencumberai.uxeept fbr encumbrencea of t�ecord.Bortower wucmntc and w1U
<br />�+�� defend generaliy the t�de to the Propeety aga�nrt all claims and demands.aubject to any encumbra�uxs of rcco�d. �
<br /> Ttus Sscuwnr INSntutNewr combines uniform covenents for nado�al use and non-unifixm covenw�ts with limitod
<br /> - variationc by jurisdicdon to eonatitute Q uniform securfty inswment covering�eal prope►ty. ,
<br /> �_�_ UMFORM COVENAM'S. Borrower and Lender covenant and agree as follows:
<br /> - l. Pnymeat ot P�Incipal and Interesti Prepwymeat aad l.�te Chw�ges. Bomower shallprom ptly pay when dYe
<br /> --�---•�� tha principal of and inte�st on the debt evideaced by the Notc and any prepayment end late chazges dua under the Note.
<br /> -�-Y-==..� Z. Funds tor Taxes and lnsurance. Subject to applicable law or to a written waiver by Lender.Borrawer sh�ll pay
<br /> �,;,;,��� to I.ender on the day monthly paymenlx are due under the Note.untfl the Note is paid in full,a sum("Funda")for.(�)ywzly
<br /> texes and essessments which may attain priority over this Secudty Instrument us a lien on�he Property:(b) early leasehold
<br /> Paymenta or ground rents on the Property. if any: (c)yearly hozard or property insurance premiuma; �d)yearly tlood
<br /> insurance p�+cmiums. if uny; (e)yeazly mortgage insurance premiums,if any; and(�any sums payable by Borrower to
<br /> l.ender.in accordance with the�roviaiona of puragraph 8. in lieu of the payment of mortgage insura�ce p�emiums.Thesc
<br /> � _____�,.__ ___, items are called"Fscrow Items.' l.ender may,at any time,collect and hold Funda in an amount not w excerd the meximum
<br /> �-'�'�°�'�`^�° amount a lender for a federully�lated moAgage loan may require for Bartower's escrow account under the federal Real -�
<br /> �.����'�'� Estatc 3ctticmcnt Proccdurcs Act of 1974 as umended from time to time,!2 U.S.C. �ZGOI Pt SP!/. ("RF.SPA"), untess
<br /> — -^------ enother law that upplies ta Ihe Funds sets v lesser umount. If so.Lender may.at eny time, collect and hold Funds in an
<br />-,�^'� ''�'`F � amount not to exceed the lesser amuunt.Lender ma estimate the nmaunt of Funds due on the 6asia of current data and
<br /> �'���s.�r``�' '' teASOnable eatimates of expenditutas of future E.�crow Items or othenvise i�accordance wi�h applicable law.
<br /> 71ie Funds shnll be held in an institution whose deposits ure insured by A federul agency,instrumentaliry,ar entiry
<br /> -�-`�s-,..d.�:�ti,�� (including Lender.if l.ender is auch an institudon)or in any Federal Home Loan Bank.l.ender shall epply the Funds M pay =
<br /> ihe Escrow ltems. Lender may not charge Bomawer for holding and applying the Funds,annually enalyzing the escrow
<br /> ? � �y��'� account,cu verlfying the Escrow Items,unlet�s I.ender pays Borrower Interest on the Funds and applicuble law permits
<br /> ��3 � `•'���" l.ender W make such a cherge.However,Lender mu require Bortower to pay u one•time charge for an fndependent resl
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<br /> ;.;;�,;;;. .* estate tax�porting service used by Lender in cannect on wuh thiR ban,unleas applicAble luw provides otherwise.Unless an _
<br /> — :t;•;.•�; ,,..•.i: - agre�ement is made or applicable law requires interest to be paid,Lender shAll not be required to pay Bomowcr any intcrest or
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<br /> !7�`;_ earnings on the Fund.c.8orrower nnd I.ender muy agree in writing,however.�hat interest shall be paid on the Funds.I.ender
<br /> .�,��.1�_�: -. - - s6a1i give to Borrower,without charge,an unnuai su:ww�ii��g�f ihe runds.showing credits atu!dcbiis ta ihc Punds and she
<br /> = ae.a,.i�:•: . purpose for which euch debit to the Funds was made.The Funds are pledged us uddiNonal security for ull sums secured by
<br /> —'�'`��'6w•. ' this Secudty Instrument.
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<br /> �' -;� If the Funds held b L.ender exceed the umounts nnitted to be Neld b u licable law.I.ender shall uccount w
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<br /> . Borrower for the excess Funds in accordonee with the requirements of applicabk law. If the nmount of the Funds held by
<br /> +�' ��� I.ender et any time is not sufticient to pay the Escrow Items when due,l.ender may so notify Borrower in writing,and,in
<br /> -� such cese Borrower ahall pay to L.ender the amount neccssary to make up the det"�ciency. Borrower shall make up the
<br /> ',���_; �,, , deflciency in no more than twelve monthly puymeMs.ut I.ender's sole discretion.
<br /> .� � U�nn payment in full of all sums secured by�his Security Instrument,Ixnder shall promptly refund to Borrower siny
<br /> � . Funds held by Lender.lf,under parngruph 21,Lender shall acquim or sell the Propeny, I.ender,prior to the acquisition or _
<br /> ';� ;; , sale of the l�operty,shnll upply nny Funds held by I,ender at the time of acquisition or sale as a credit against the su:�s
<br /> , � secured by this Security Instrument.
<br /> _ r �`� 3. Applleetlon of Payments. Unless upplicuble luw provides otherwise, nll puyments received by Lender under =___
<br /> � '� �"•� ',A; paragrapha 1 ond 2 shall be upplied:fir.ct,to any prepnyment churges due under the Note;second,to amounts payable under �
<br /> w��''�,`~. �� paragroph 2;third,ro interest due;fourth,to principul due;nnd last,to nny late charges due under the Note.
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<br /> ��L � 4. ChA�es; Llens. Borrower ahnll puy all tnxes, ussessment�,churges, fincs vnd impositions auributable to the �'__
<br /> - y. Propeny which mny ultain�riority over this Security Instrumcnt,and Ieosehold�ayments or ground rents,if nny.Borrower r;;:_
<br /> �_� � ~••� � shAll pay these obligntions in ttie munner provided in purograph 2,or if not puid m thut mnnner.Borrower shull pay them on w�-•
<br /> ; .:�•�ti' • ,� time directly to the perison owed puyment Borrowcr shull promptly furnlsh to Lender ull natices of amounts to be paid under
<br /> «. this paragruph.lf Borrower makes these pi�yments din:ctly.Borrower shull promptly furnish to l.ender receipts evidencing
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<br /> � �.r.f�� .�� S�`"�..�... the a ments. �
<br />___,�_. P yBorrower shnll promptly dixcharge uny lien which has priority over this Security lnstrument unless Borrower. (u) _
<br /> ' �"�`'��'=K-�� ogrees in wrfting to the puyment of the obligation secured by the lien in a manner ucceptuble to I..ender,(b)contests in good —=
<br /> �� -_..'`�"'� '}�•'�:.. fnith the lien by,or defends ugainst entoreement of the lien m,legul proceedings which in the Lender's opMion upemte to �'-
<br /> "`'``�'����, prevent the enforcement of the lien; or(c)secures from the holder of the lien an ngrcement sntisfactory to Lender �_
<br />'�� ;� , � subordinating the lien to this Securiry Instrument.lf l.ender detem�ines that any part of the Property is subject to a lien which �
<br /> F�,.�_=� may uttu in Prio r ity over t h is Sccuri ty Ins trumcn t,l.en dcr mu y g i v e B�x r o w e r a n o t ic e i d e n t i f y i n g t h e l i e n. B o r r o w e r s h e l l —
<br /> „� satisfy the I�en or teke one or more oP the actions set forth ubove within 10 days of the giving of notice.
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