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<br /> 'I�OGEftIER W1TIi atl the improvements novr or hereafux ecec[ed on the progeJCy.and all easemea�ts.aPpur�ances.and . . -
<br /> • ' 6auaes now or he�eattei a g�t of the propaty.Ali�eptacemeats and addiaons shall aLso be covered by this Seauity In.�trument ,- .
<br /> - Atl of the foregoing is refened w ia this Sec¢�ity Insmuneat as die"PmpeatY•" t,. �� , _
<br /> -.;��%�.`-` BORRO�fTER COVENANTS th�Borrower is IawfullY seised of the estate heieby conveyed and das the right to g�ant and : �-�._, �.
<br /> e1 e .
<br /> - -- ... comeq the Piaperty and thai the PropertY is unena�mbeced,except far e�c��°£recorsl. Borrower waaants and wil1 � ._._' - -- -
<br /> . � .. • dcfend�e r a l l Y die tate w the 1'mpeaty ag�st all claians aad demands,subject tn any e�cnmbrances of resord. ` •' <
<br /> �` ` � TFIIS SECURITY INS TRLJMEN7'combines uniform cav�anu for national use and no n-u n i form wveauw t s with limfted . . , _
<br /> . • variations by j�uisdiction m cons�iute a unifosm secauitY ins�unent cavermg�eai pmPe�tY• ,. :
<br /> ` ' UrIIFURM COVENANTS.Boaower and Ixmdet covei�ant and agree ag foltaw� � when due ths - �. .��.�
<br /> . I .• ..
<br />. , " L Papatent ot PriadFaf and Interest;PrePe7me�and Late Charges. Boimwer shall pmmp Y PaY ..'�':��._;•-_� •'�
<br /> . , , prina�pai of and intr�est on the debt evide,nced by the NotE and anY Prx�Ymeni m�d tate charges due imde,r the Note. • , �f ::.;`,
<br /> � � Z.Phnds tar Taaes and Insarance. Sabject m applicable law er m a wriuen waiver by Lender,BouQwer stmll pay w � .
<br /> , Leader on the day monthly paymeats are due imder the Note.unu7 the Note is paid'm fu11,a snm("Funds'�for:(a)Yearly taaes �.. Q' ,,.}y�
<br /> .' aad ass�nts whiCh may attain priority over this Security Isss�ument as a lien on the Propest}►;(b)Year1Y leasehold paymeuts _ :;:�._
<br /> if� c earl ha�ard ar pro�erty insurance premnun.�(cn Year1Y fiood'msurance premiu�s.if �
<br /> " or groimd rents an the Pcopeny, Y+()Y Y te by Bmmwer to Leander.in accordance with the � =
<br /> gro md .
<br /> � anY.(e)Ye�IY mortg�ge�s�ance premiums,if any;and(fl�Y �PaY�
<br /> • nrovisions of pa�agrapb 8.in lieu of the paym�t of mostgage insaraace piemiinws-'I�ese ii�ns are ca1ZeQ"Fscrow Items." <� ' _- _
<br />�'� � � I,endez maY,at any time.�Baaowea's escrow accuunt nudea the��Kea1 E�a��S�e����f�°��� . -:'`'-�
<br /> f;� . '• , mortgage tna„may req�cre _ _ .` •�<<;'..;-;=-_
<br /> am�fmm time w time.12 U.S.C.Secdon 2601 et seq. ("RESpA'�,�mi�auothr.r law tLat�Iies w the Funds sets a� , ,y�:,..
<br /> "`:.;; amouai If so,Leadea may,ai u�y tune,colte�t aad hold Funds in an amouat nat to exceed�tessea amount Leader may ` , .. �•:,f�
<br /> esnmate the amoimt of Funds due on the 6asis of cu�rent data and reasonable�af expeadinu�mf f�aue Fs�w Items or � -� =�:
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<br /> :;Z otheawise in acsoidance with applic�ble law. ,-�;.* _
<br /> ,;. . _�:j • �►r� _ - `��=-
<br /> ::; •.' �. 'Ihe Funds s1�aU be held ia au mstimtion whose deposits are insinred b;a fed�sat agencY,mss�umen�tjr,or �.'3:;.:=
<br /> � :j L.endea.if L.end�is such an n�stihition)or in any Fedetal Hnme Loaa Bank.Lendea svall agFly the Funds w gaY the Fscrow �;=,.�____�.
<br /> ' �, .� Itans.Leadet may nat c h a r ge Hoitow�r for holding aad applyiag the Fands,annuaIIY anatY�ing tlte escrow aocount,or vesifying . . _'="�;_
<br /> '" { the Fserow Items,imless Lender paYs Baimwer intaest on the Funds and applica'�!e law peimits l�nder to make�a�1�arS� ,.. '. <�_.�_
<br />;`�.s > �� ,+°;:��_
<br /> ;�,� , : . Howevea,Lender may�eclaae Boaowea to pay a on�time ch�ge for an mdep�d�t real estate tax reporrting • —
<br /> ::;,: • Lender in connection with this loan,�ess applicab2e 1aw provides atheiwise.Unless an agreement is made or applicab�e taw ,T,
<br /> ' r e q u i r e s i��t to be paid,T.endea s6all not be ceqa�el to pay Bo�w�any inte�st or e�ni�s on the Funds.Bomawea and :`.;�:,;..:
<br />.`�c; ".. Leader mag�im wriring,howev�,that inteiest shall be paid on r��unds.I.e�des sdall ginz¢Q Bonower,wi t hou t c d a r g�a n ..;s;�p_°�
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<br /> annual accountmg of the Funds,showing credits and debits to the Fands and the pmrpose for which each debit to the Funds wa9 ,; ,�.•.
<br /> _ :�. . - . made,'It�e Fimds are pledged as additional secmitY for a11 sums seaued by this Se�ity Instcument
<br /> ' � If the Fmids held by Lea►des eaceed the an►owots P�mitted to be held by spplicable law,Lender s6a11 account to Borrowea for
<br /> � � . the escess Funds in accotdance arith the requIIements of applicable law.If the amoant of the Fnnds hetd by l.eaidea at anY time is :; :;-,
<br />: • not s�f6ci�ni w paY the Esaow Iteu�when due.Lender may so norify Bomowea in writing,and,in sac6 case Horrower sl}aU paY �::A,-_
<br /> . ' . to I.euder the amount necess�y to make up the deficiency.Borrower shaU malce up the deficiency in no more than twelve .::��s-_
<br /> �
<br /> : monWY FaYn►ents.aL Lender's sole discre,tion. . .. � ':� i �:
<br /> . . . Upon payment in fuli of all sums secured by this Secwig►Insuument,Lender shall Pro�P�Y refnnd to Boaower aay Funds , . -__
<br /> ,- , he2d by Lender.If,uader P�B�Ph 21,Lender shall aaprirg or sell ihe Pmpeaty.Lender,Pnor to the acquisitioa or sale of the . -
<br /> :,•.. an Funds held by Lead�at the time of acquisition or sale as a credit against the sums se�ued by this , : ��'�"
<br />:�_�:'.. . � : . ProPeatl►.st�aU aDAZY Y
<br /> SeCUtity IAStNmeAt .. ,.°• .
<br /> %:. . 3.Appllcattoa of Payments. Un2esq applicable law yrovides otherwise.aU payments received by�e uader�parag�aph 2: .. .
<br /> '�'';'. � 1 and 2 shall be appficd: fust.w any yrepayment charges due under the Note;serond,to amounts Payab g gF , � .�
<br /> � third,to interest due:fourth.to principal due:and 1as6 w any tate charges due uade�the Note. � �•, , .
<br /> . 4.C6arges,Ltea9. Borrow�shall pay all taues.assessmenis.charges,fines and imDositions sun'butable to the Propertp �.;,.:_ :
<br /> - . . which may at�in prioritY over this Secuiiry Inswment,and leasehold payments or gronnd rents.if azry.Boirower shall Day thcse .
<br />- . . . obbgatinns in the manner provided in paragraph 2.or if not paid in that manner,Borrower shall pay them oa time directly to the . , , ,
<br />, � � person awed payment Borrower shaU promPtlY fur�ssh to Lender all notices�f amounLg tn be paid under tUiq paragraph.If
<br /> :;.?; • .. Bmrower riz�es ihese payments d'uectly,Borrower s�aD promptig+fumis6 tn I.end�receipts evidencing the payments. . .
<br /> ' Borrowea shaU prompdy distharge any lien which has priorety over this Security lnsvument w�less Horrowe,r:(a)agrees in ',:
<br /> . � wriring w the payment of the obligation seciued by the lien in a r.�anner acceptable to Lender;(b)contests in Baod faith ihe lien . ' ,
<br /> , � by. or defends against�forcement of the lien m, tegal proceedings which in the l.endea's opinion opeaate co prevent the
<br /> �•:,,, " enforcement of the lien;or(c)sccures from the ho'.�of the lien an agreement satisfaciory tn 1.cnder subordinatinS th�lien tn •
<br /> this Serurity Insuument Ii I.endes determines that any pan of the Prope.�ry is subject w a lien which may anain priority ovcr this .
<br />. Sec�rity Instrument,Lender may give Borrower a notice identify�g the lien.Borrower shail sa�sfy thc lien or take one ar rc�o:e
<br /> � � • • of the acdons set forth above within la days of the giding of notice. Fo►m 3878 9196
<br /> � �-8R(NE)io2�2�.0� aaaezo+e mivais: . .
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