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<br /> 'POGfiTHBR WITH all the improvements now or hereafter erccted on �he propeny,Und nll easements,E►ppurtenanc�.s,and .
<br /> � ' Cxtures now or hereaiter e part of Iho property.All replaceinents and additions shall also be covered by�►ts Sccurlty lnstrumen� .
<br /> � All of U►e loregoing is rafcrrcd u►in thL�5ecurity I�strumcnt os the"Roperty." ', ', .�-.
<br /> BORROWfR COVBNANTS that Horrower is lnwfuqy seised ot tho cstntc hcreby conveycd suid h�thc right to grnnt u�d y
<br /> canvay tlw Propeny snd tl�at the Propeny is unencumbered,eacept for encumbranoes of re�cord. Borrower wnrr�nts and wiil '
<br /> dcfend generally Ihe dde to the Pcoperey aSvinst+�11 clei��s anci d:�s.�+�ds-subj:ct to any encumbrances of record. -
<br /> THIS SHCURII'Y INSTRiJIu�NT combines uniform cover�nt� for natlonal usc and nomunifortn cove.na�its with limited , , ;'���
<br /> ,�;�,.:;� variations by jurisdicaan to cansdtute a uniform security insuument covering real property. , ° , � _
<br /> . .,•n L]NIFORM COVSNAN'1'S.Borruwer a��d Lendcr covenant amd egrs�as tolbws:
<br /> 1.Payment ot Priectpal end Interest;Pirepayment and l.a�e C6araes. Borrower shall promptly pay when duc the _
<br /> prtnsipal of end interest on the debt evidenced by the Note and sny prepaymei►►end late charges duc under the Note. ,, , , .
<br /> 2.Funds tor l axes ond Iasuv�ece. Subjccc eo eppUcablc law ar to a written vmiver by Lender,Bonower shall pay to , ��•"`i`•
<br /> u � , _c,. �:.ti�; -�-s�
<br /> L.cnder on the day monthly payments are due undcr tlae Note,until the Noi�i�paid in f�ll,a sum(Funds')tor:(a)yearly taues ,*,•�..;,�;.ti.•.� f��a��^
<br /> �ii�iti;�-:
<br /> and ttssessments which may attaln priority over l#�Security Ins�umerit az a lien on the � ''"�-
<br /> tt n PropeitY:(b)Yea�ly leaseawld paytnenu .��,�z�,�`--_
<br /> - �. '?�J:.:
<br /> or gmund rents on 1he Property�if any:(c)Yearly hazard a property insurance premiuros;(d)Yearly flood ic�sucance pccsm.i;uns,if .. - :_,_
<br /> enY:(�) Yea�lY mortgagc insuranr,e pr�miums.if any:and(�an9r su�ns pa�rable by Bonawer to Lender,in aocor�with the ',,: �:Y:`.::,,._._
<br /> provistons of para�aph 8. in 6eu of the payment of mortgagc insesrance premiums.'Ilnese itsms are calied"Fscxow Itcrr+s." ,���,y;,��;�°
<br /> [.ender may�ai eny dme,collect and hold Funds in an amount not w eaated the maxim�un emount a leieder for a fedelaliy nlated ti����^;
<br /> '" mortp,age loam m�y require far Bortov�er's escrow eccount undcr Ihe fed�al Reai�state Seulement Procedures Act ot' 1974 a4 •.;;.
<br /> �� amcndod from dme to time.l2 U.S.C. SecHan 2601 er s�q. ("RBSPA"),uzaA,^,ss a�wther law that applies to the Funds se,ts a lesser ��::,'••.-.=•-
<br /> ' r amounG If so,Lender rtwy, at a-ray dme,collect cu►d hold Funds in an ara�ount nat to ea�ceed the lesser amoun�. Lernder may :'==—
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<br /> ,� estimace the amount of Funds dae on the basis of cucrent data end reasmna�le estimates of eapendiwres af fuwre fisc►row Items or --�
<br /> otherwisc in accordance with applicable law. `:;r�x.
<br /> 1he FY�nds shall be held in an i n s�iwtion w hose d e p o s i t s e r e i n s u r�d b y a f e d e r a l a g e n c y,i n s t r u m e n t e l i t y,o r e n ri c y(i n c l u d i n g �x�
<br /> L.ender, �f L,ender is such an tnstiwdon)or in any Federal Home Loan Bank.I.ender shall apply the Funds to pay ihe Fscnow °�=—
<br /> Items.L.ender may aot ctiarge Bornower for lsolding and applying the Funds,ennually analyzing the escirow aocoeue3,or verifying ,.=: __.
<br /> the 6scrow Itans.unless L�nder pays Bomower interest on the Funds and applicable law pecmite Lender co�rwice s�y a charga '
<br /> How�ver,Lender may requir�Bocrower co pay a one-tune chnrgo for en independent m,�l estate tax re�orting sesvic�e used by ��
<br /> Lender in connec�c�n with tt�is loan�unkss applicab3e law pmvides otheiwlse. Unl�,s an egreement is made or t�pUcable lavi
<br /> �'. � cequires interest tm be paid,Lendcr shall not be rcquired to pay iiarowrr any intc,�s�or earnings an tnc Funw. BiKivwo�w r;
<br /> • LWedcr may s�gtce in writing,however,that interest shall be paid on the Funda.L.endel sha'll give to Borrower.without ct�arge.an ,,, �
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<br /> . an¢eual a000unpng of the Funds,stawing crodits end debits to the Funds and thc putpose for which each debit to the Funds was .l�,: .
<br />�.- , . mnde.Tl�a Funds arc pk:dged aa additional sacurity for sdl sums s�xured by thls Securiry Instrument
<br />� '.-�- If the Funds held by Lender eacceod t1�e amounte pernucted w ba heW by epplicable Iaw.Lea�der sha�!ecoount w Bomower fa
<br /> the excess Funds iu accordance wiU�the requiremente of ap�licnble Iaw.1�1�e amount of the Funds hel�by I.e�xler at eny dme ix ��' _�_.
<br />�r,--- • not�ll'icient w pay the fiscrow Itams a6en due.Ler►d�ec mr�y so norify Boirower in wdifng,s�nnd,in such case Bomnwer st�aU pay _
<br /> '�:�.:. .. m Lender the amount necessuy w make up the dehcicncy. Bortower st�all anafce up the deCiciuicy in no rteora th�n tweive .
<br />''�`• ..!•• • RiODt�l1Y p8S�I11C1113�8t I.CfI(�C7�S SO�E dISCICtjOR•
<br />=F_ , Upon paYment in full of all sums socured by this Sccurlty Ia�swmat, Lcnda shall Rmmptly nfund to Sort�owa any Funds _ —
<br />_%'"_ . ':i� t. 21.I.ender shall acquiro or setl ttie Property.L.ender.Prior to t)xe acquisidon a sale of the ���
<br /> -_:,::r�.�,t; • i held by Lenda.If.unda paragi�ph
<br />-�,��;�1' propaty,shall apply any Funds luld by Lender at the time of acyui.,�ieon or sak as a crodit against the surt� secured by this �
<br /> � Security Insw�nenG =,_—_
<br /> - • 3.Application ot Ryments. Unkss applicabk law provides ottwwise�all paymeuts rooeivod by Lencler under par�graphs
<br />�=�:`�:7`°T � 1 and�shall Q�e applied: first,ta�►Y P�I�Ya►ent�har6�s due und�r�he Note:second,to amounts payabk undu paragraph 2; ----
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<br /> -_, :r�. third�to interest�1�0;fourth.to principnl d�e:ond last.to any tate eharges due aacl�r the Note.
<br />_:.c��`z,;�;: . 4.C6ar�esi Lieas. Bomnwcr ahall ps►y all taxes.assessments� ci�ar,�es,fines and impositionons nt�ributa6lc to the Pcoperty =
<br />�-'�;,�� which may attain prioriry over this Security Instrument,and�easehoid papments or grou�cl rents.if any.Bonower shall pay Ihese �-=�-.-
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<br /> --- ��;.�___ obligations in the manna provided In para�ph 2.or if not paid in that manner.BoiroWer shall pay lhem on bme din�cdy to tha �;4;
<br /> .--.::°.�--=�' person owed paysnen� Barowc�shall P�P�Y furnish to I.enda all nc�tices of amounts W be paid under this paragreph.If , u
<br /> --a�:-� Borrower makes these payR►ents direetly.Sorrawer shall promptly furr�ish g€�Lender receipts cvidrrcing d�e paymrnts. -..
<br /> - ;"�""�'` . Bo:rower shall promptlY dischar8e an'l lien which hav prioriry over tPiis Securiry Insuument unkss Borrower.(a) agrees irn =
<br />.- -` :�,."-..: � writing to the payment of the obllgation sccured by the tien in a muener acaptable t�Lcnder;(b)oontesis in gaod faith the licr� �- —
<br />_ � by. or defends agatnst eafo�e,ment of the liea� in. legal proc�din8s which in t2�e Lender's opiaion operate to prevent Ihe �.—
<br />-- enforoement of the I�en;or(c)secuoes fmm the halder of the lica an��emer�t satisfactory to Lender subordinating the lien co �=�T-_�-
<br /> • . this Sc�aucity Instrument If Lender deLamines that c�r►y part of the Pro�is subject t�a l�en which may atmin prioriry over�� �:�7;�:..�=__
<br /> Socurity Instrument,L�enda may give Bomower u noticc identifying thc�ien.Borrowcr shall satisfy thc lten or take one or Pnor�. ����"�°�
<br /> ;�ra�sn�u=°..�..�.
<br /> � � of the acdons set focth abo�e within 10 days of the giving of noace. ;�{."�""�,� '�±�=-"•
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