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<br /> '['QGE7'l�R WI'I'H all thc improvcments nqw on c�rcaRer crccted on the pro}`ny, and NI casemenGs,nppurtcnnnces,nnd
<br /> Gxtures now or hereafter a part of tho property.All replecements end ndditions sh�ll ulso be covcred by thi�Security Instrument. . •
<br /> AU of thc foregoing ls rcferresl w in Ihis Security Instrumcnt as the"Property:' �
<br /> BORROWER COVENANTS thnt Borrower is luwfully scised of thc estnta hereby convaycd and has ttte right to grnnt und � �'
<br /> I convey iho Fioae�ty and thAt the P�rope,�y is unencwn6ered,exccpt for encumbrances of record. IIorrower warrants and wlll
<br /> defend generally tho tide to the Pcoperty against ell claims ond demands,subject to any encumhrances of record.
<br /> THIS SECURITY INSTRUMENT combinus unifornn covennnts for narional use tuid non-uniform covenants with Umited
<br /> ,, : •a variadons by jurisdiction W consbtute a uniform security Instrument covering retil property. .
<br /> � UNIFORM COVBNANTS.Borrower and Lender cnvenant and agrce as follows: •
<br /> 1.Payment of Prtacipal and Interesh,Prepayment and LSte Charges. Bormwer shall promptly pay when duo the " .,
<br /> principal of and lnterest on the de6t evidenced by the Notu and any prepayment and laW cherges duo under tho Note. ' �
<br /> 2.F�ads for Taxes and Insurance. Subjact to applicable law or to a written waiver by Lender, Borrower shall pay to .. •:
<br /> Lender on the duy monthly payments are due under tho Note,until the Nous is paid in full,a sum("F1u�ds")for. (a)yearly taxes 'ti'�,•�A��•
<br /> and assessments which ma auain riori over this Sectui Inswment as a lien on the Pro paymenta • •:���''�"�"��
<br /> y p ty ty perty;(b)yearly lesuehold
<br /> or growtd renu on the Pm�Lity,if any;(c)yearly harard ar property insumnce premiums;(d)yearly flaad insurance premiums,if . , --�=
<br /> any;(e)ycarly mortgage insurance premiums,if any;and(�any sums payable by Borrower to Lender,in accordance with the �''•:• • ••"�='=�
<br /> .�..;�.,_.
<br /> provisions of paragraph 8, in lieu of the payment of mortgage insurance premiums. These items are called "Escrow Items." '-.`��::�T��° °
<br /> I.ender mt�y,at any time,collect and hold Funds in an amount not to exceed the maximum amoi�r�s a lender for a federaUy related �<�'�':���'��i��- �
<br /> . mongage loan may require for Aorrower's escrow accaunt und�r the federal RealBstate Set�lement Proced�ms Act of 1974 as .�;fi�::('�:`"�__
<br /> amended from time to time, 12 U.S.C.Secdon 2601 et stq. ("RESPe�"),unless another law that applies w ths F�lends sets a lesscr �.,, �•• �„�,;,,,
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<br /> amoun� If so, Lender may, at eny time,collect and hold Funds in an amount not to exceed the lesser amounG Lender may �� _-----
<br /> • estimate the amount of Funds due on the basIs of current dnta enti rensonable estimates of eapendihues of future Escrow Itema ar ;���„'-
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<br /> .� � otherwise in accordance with appHcabla law. ,;.�'��c,:=
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<br /> 'Ihe Funds shall be held in an institudon whose deposits are insured by a federul ager�cy,instrumentality,or endty(Including #�,�,
<br /> � ' ., Lender. if Lender is such an insdwdan)or in any Federal Home Losui Bank.Lender shall apply the Funds to pay the Escrow .:.:�;�;.��
<br /> ' Items.Lender may not.charge Bom►wer for holding and applying the Funds,annuelly anulyaing the escrow account,or verifying ;�t
<br /> ;; ,� the Escrow Items,nnless Lender pays IIarrower intesest on the Funds and epplicable law permits Lender to make such a charge. ,•�;
<br /> _ ,;,:��,;,_� Howevsr,I,ender may require Borrowc�r to pay a one-time cherge for an independent real estate taa reporting service used by [ �� s.t��_� �
<br /> � �^'--- Lender in cannecaon with this loan,unless applicable law provides otherwise. Unless en egreement ts made or appucable iaw -
<br /> requires intesest to be paid.Lender shall not be required to pay Borrower any intemst or earnings on the F1�nds.Borrower and A- `
<br /> Lender mqy ngrce In writlnB,however,that intcrest shall bo paid on the Funds.Lendcr shall give to Borrower,without charge,nn � :J� '.;�:.;
<br /> :'�� ' ennual accounting of the Funds,showing credits and debits to the Funds and tha purpose for which�aeh debit to the Funds was
<br /> � '�;`• ' made.Thx Funds are pledged as ecididon�l security for ell sums secured by this Securit,y Inswmes►�. `
<br /> If tho Funds held by Lender eacced the amounts pem�iued to bo held by upplicable law,Lender sh�ll account to Bairowcr for
<br /> ' � the cxcess Funds iri accardance with tha requirements of appllcable l�w.If the amount of the Funds hold by Lender at any time is ;;�i, �;,:
<br />; . ., not sufficient to pay the Escrow Items when due,Lender may so notify Bomower in wriHng,and,in such case Borrower shall pay .,'• ;` '�;;
<br /> � � to I.ender the amount necessary w make up the deficiency.Bomower shall make up the deficiency in no more than twelve -
<br />_ ���:�:'��, : , monihly pttyments.at Lender's sole dL4creuon. _—
<br /> �'''��`i� Upon payment in full of all sums secured by thLs Security Instrument,Lender shall prompdy refund to Borrower any Funds '.'
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<br />'-"�`��' held b L.ender.If.under paragraph 21,Lender shall uirv or soq the Pra ecq "'�="
<br /> �,,...,,. •� y acq petty,Lender.prior to the ac uisitinn or salc of the
<br /> - _ . . • Propeity,shall rdpply any Funds held by Lender at the dme of acquisiaon or sala es a credit against the sums secured by thls E�� -
<br /> Sec:urit Instrtunett� t• -
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<br />_-�,, �;�;-%-� � 3.AppllGatbn of Paynunts. Unless appHcable law provides otherwise,all payments received by Lender under paragraphs
<br />__�; .' , I and 2 st�all be a�plial:first,w any prcpayme,nt charges due under the Note;second,to emounts payabls under paragraph Z; '
<br />_ third,to inte.rest due;fourth,w�rincipal due;and last,to any late charges dua undEr the Note. �'~�: _.
<br />_� � 4.Charges;Lkns. Borcower shall pay all taxes,assessments, chsuges,f7nes and imposidons autlbutable to the Property ' �<<=- _ _
<br /> ^�..�r;'!`•:;: which may auein priority over this Securiry Instroment,and leasehold payments or gro�md renm,if any.Borrower shell pay these '�.`•`�-
<br />�..;;�����'�' obll uns In the manner rovided in am h 2,or if not acd in that manner,Borrower shall a them on time direcd to the �i.�°:;�,,,;_.
<br /> �3,,� 8� P P B�P P � P Y Y - - _-
<br /> :�:� pecson owed pFiymen� Borrowea shall promptly furnish w Lender all notices of amow�ts to bo paid under this paregrnph. If` °`_
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<br /> _- -:-, �,• Borrower mafces these payments diroctly,Borrower shall promptly fum�sh to Lender receipts evidencing the payments. _ - --_-
<br /> ��•�`;"'': Borrower sht�ll prompdy discharge�u►y lien which has pdority over thif►Security Instru►nent unless Borrower: (e)agrees in W �r��
<br /> � ,`"'� wridng to�ha payment of the obligution secure4 by tho Gen in a manncr ac�eeptable to Lender;(b)wntasts in good faith tha lien ' .'�4 I �� ��;'
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<br /> by. or defends against enforcement of tho llen in, legal procc�oclitags which in the I.ender's opinion open�te to prevent tha �
<br /> " enfu��cemcnt mf the llen;or(c)secures from tho holder of tlte lien an ap�eentent satisfactory tm Lender subordinating the Hen to - °T"°°°v'
<br />_ . this Sccurity InswmenG If Lender det�mines that eny part af tha Property is subject�n n lie�n wh[ch may attnin pri.orisy over Wis ���4 i �`'•"
<br /> ' 5ecurity Instrument,Lender may give Borro�ver a nodce idanpfying tha lion.Horrower shflll sa6sfy tha lien ar take on¢or more . ���• t '� - -
<br />• � ; of tho acdans set forth above within 10 deys of tha giving of notice. - „{��Mw.�.�:�ti::.
<br />- � Form 3026 0l00 ' ~•'''�;-.•,, A.`� r�,;:•
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