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<br /> TOGETHER�'VTfH all thc improvements now or hePCafter erected on the propecty. and atl easements.appuctenances,and ; ,
<br /> flaturew now or hereafter a part of the praperty. AU replacements and additions shalf also be covered by this 5ecuriry > ' , ,., `
<br /> Enstrument.All of the foregning is refernod to in this Security instrumznt a+the"Property-' _ _'
<br /> � SORROWER COVENANTS that �onow�er is{awfully seisc�i of the estate hereby conveyed and bas the right to grant and • �.4;;
<br /> eonvey the Property and dzat the Peoperty is unencumbered, excepE for encumbrances of cecord. Horrower �varrants and wil! <
<br /> defend generally the title to tlie Property ag:sin.st ail claims�nd demand�.:ubjecc to any encumbrances of record. r�=:,. _.; ._�;:_,�_'
<br /> THIS SECURITY INSTRUDIENT combines unifortn covenants for national use and non-unifarm covenan[s with limitea ,
<br /> variations by jurisdiction to rnnstitute a unifarm serurity instrument covering real property• ..' , . ��'
<br /> UNIFORM COVENP,NTS.Borruw�er and Lender covenant and agree as follo�vs:
<br /> 1. PAymeni of Prlacipal+uid Lnierest: Prepayrueat and Late Charges. Borrower shall prompily pay when due che _• - - �.• .-
<br /> u ' _ . �_�. , �.
<br /> prinripal of and interest on tiae debt evidenced by the Nate and any prepayment and late charges due under the Note.
<br />' 2. Funds for Taxes and lnsurance. Subject to applicabte law or to a written waiver by L.ender, Borrower shall pay to � �:._'
<br /> �_'''���`�.----
<br /> � Lender on the day monthly payments are due under the Note,until the Note is paid in full,a sum("Funds")for.fa)yearly taxes -�_.�:,.__�T.,'-^
<br /> and assessments w1►ich may attain priority over this Seeurity Inswment as a lien on the Pcoperty:(b)yearly leasehold paytnents � �.
<br /> or gzound rents on the Property,if anp:(c)yeacly hazard or property insurance premiums:(d)yearty flood insurance preutiwns. "°� �`_
<br /> if an • (e)Yearly mo e insurance remiums. if an • and (�an sums able b Borrower to Lender. ;n a�cordance with '^`�o Y� . .''
<br /> y. �S P Y• Y PaY Y -.�.�,�_
<br /> the provisions of Paragraph 8. in lieu of the payment of mortgage insurance premiums.These items are called"Escrow Items." ��r_i-,�`�,rL-
<br /> Lender may, at an}r dme, collect and hold Funds in an amount not to exceed the mauimum amount a lender for a federally '�'pf;,rl;,_ ____
<br /> ��-_:._;.
<br />� related mortgage 1Qaa may require for Borrower's escrow account under the federal Real Estate Sevlement Procedwres Act of ,,
<br /> � 1974 as amended from ame to ame. 12 U.S.C.Section 2601 et seg. ("RFSPA"), unl�s another law that applies to ti�e Fands . ":`<:•:
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<br /> f' sets a les�er amawa. If so. I.ender may, at any time, collecc and hold Funds in a�z �u • not to •xeeed [�e 1,•sser am�unt. .,, c.-;�;,fy�,`,,4.;.
<br /> ��•n;;; "�r,�*P;i�amount of Funds due on the hasis of current data a�•d:�:��,:�.''i:es�mates of expenditures of Y�.:ue �:j.e;
<br /> ����`�?�i'
<br /> ,�.' Fscr���t:r.v e�c*P*�r,:�e in accordance with z�rsli��le law. ___.._.
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<br /> . 's'�s ru:,::s �r_:..._'� �e hel@ in an institut;c_s wuase de�asirs ase inss:.�:d h�s a i.Y�.°r� �encY• ins.�-..:..�;.�ialiry. er envty r.�;�..:..------
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<br />:,r. f;W;,r�i:�:�a�Vr.i``I.en2:r is au��-:insdte�o�)or i�any�esleral Ha;r,r�a�3-=.�. !�...�°z...»5�13..3k�-} ,.�-��GIIt�S C31reS 4''.s �,�,,._,�,
<br />;'�;f� Es�s 3�v. s...�:�mzy rtc,:;aarge 3crow�r f�r bolding a.-�appl}�ing��ra�.=,�-:�a1;�r�.7alyzing the escro�v zooas�.ar
<br />�'�' vecifying the Esc�ec�=��ms.¢c'rss'E.e�+:er�ys�orrower interest on the i=u�;is and�,.^p::r,�,=e iaw pemriu I.ender to rmke sueh �'�'�
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<br />, a charge. Hawever, �1rr zr.a}�::�aira BorruR•er to pay a one-time charge for an independent real estate tax reparting service �..._`___�;.==!
<br /> used by Lender in coru►ectiun r�-ith this ioan, unless applicable law provides otherwise. Unless an agreement is made oT �,�.;;,�
<br /> ,. applicable Iaw sequires interest to[ie paid.Lender shall not be required to pay Borrower any interest or eamings on the Funds. ����_=n.-�
<br /> Borrower and Lender may agree in writing.however, that interest shall be paid on the Funds. Lender shali give to Borrower, �.
<br /> � without eharge, an annual accountin$ of the Funds, showing credits and debi[s to the Funds and ihe pucpose for which each �°'c—��'
<br /> ' debit to the Funds was made.The Funds are pledged as additional security for all sums secured by th9s Security Instrumsnt. �.-�= '�l!�
<br /> If the Funds held by Lender exceed the a�mounts permitted to be held by applicable law. Lender shall account to Snrrower �
<br /> for the excess Funds in accordance with the requicements of applicable law.If the amount of the Funds held b l.ender at an --",'-�---
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<br /> time is not sufficient to pay the Escrow[tems when due.Lender rt►�y so notify Borrower in writing.and.in such case Borrower - _ - �
<br /> � shall pay to Lender the amount necessary to maice up the deficiency. Borrower shaii make up the deficiency in no more than ---�-t�•�
<br /> r� E twelve manthly paymen�s.at L.ender's sole discretion. �
<br /> , G L1pon payment in fuU of all sums secured by this Securiry Ynstrument. Lender shali praarptly refund to Botrower auy __
<br /> ' c` Futtds held by Lender.If,under paragraph 21,Lender shall acquire or sell the Property.Lender,prior to t he acquisition or sale
<br /> •.;• � of the Property,shall apply any Funds held by Lender at the time of acquisirion or sale as a credit against the sums scxured by ��_:
<br /> ` this Security Insunment. �
<br /> � - 3.Appliq4ton o!Payments.Unless appli�le law provides othenvise.all paymea�u received by d.ender under paragrapt�s __
<br /> ' �; 1 and 2 shail 6e apa�:�l: first,to any prepa}m;er�t charges due under the Note:second. to amaunts���ab.'.e under paragrnph 2; :�
<br /> � : third,to inierest d�s:7�;:as2�.co�r�cipal due:and last.to any!�e charges d�s under th:Note. —
<br /> ;� 4.Gharges;II.fsts.8oaower shall pay all tar.es.assess�ents.c6arges, fines and imr�ositions s:�3utable w tIrw t?roPetty _ _ --_
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<br /> - which m�y attain Fr_�riry aver this Security Inswment.and teasehold payments or gr�u-��:: renis.if any. �orrowe��.3a11 pay ____ _
<br /> �, these obligations i�c�v,manner provided in par�..�ph 2.or if not paid in di�t manner,Bo:mwer skall�;.y them on time directiy ��=
<br /> � �� to the person owed�,�.yment.Borrower shali pr::�tly fumish to Lender a►l rotices of an:ounts to be�_�under this paragaph. �����•_���•
<br /> = If Bonower makes tilese paymeae�directty.Borrower shall promptly fumish to Lender rec.:ipts evi��r..�i�g the payments. � �°'
<br /> � Bonower shall promptly df��.:,�e any lien which ha5 priority over this Security[rrsww-nent unless Borrower:(a)agrees in �- ��•',=����
<br /> � � wtitln�to the payment of the obli�ztion secured by the lien in a marmer acceptable to Len�er;(b)contests in good faith the lien ��}`4�'•
<br /> ,, �°'�`•.'' '.
<br /> by. or defends against enforcement af the liem in. tegal proceedings which in the Lender's opinian operate to prevent ths �,.,.;f,-- ,,,.
<br /> enforcement of the lien;ar(c)secures from the holder of the lien an a�reement satisfactory to I.ender subordinating the lien to
<br /> � this Security insteument. If Lender detemvnes that any part of the Property is subject to a lien which may attain pr.ority over
<br /> � this Security Insuument,l.ender may give Borrower a notice identifying the lien. Borrower shall satisfy the lien or cake one or -�---
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