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<br /> TOOBTHHR W1TH all tho improvementai aow or hereaRer erected oa the propecty, and all e�temeaa,appurtenu�ca,aad
<br /> fixturer aa�v or hereafter a pjut of the proparty. Afl roplucomepts and addttiona ohull nlsa be covered by thie Securlty i
<br /> Inurutneat.Ap of the foro�ota�f�rofened co ia N�is Security Iaitsurneat u the"Property."
<br /> BORROW�COVBNANTS Wat Bomower ir lawfully eoleod of the eet�te hcreby eonveyed ancl h�a tba dYht to gru�t u�d
<br /> convay tho Property and that the Property i� unencumbored. except for eacumbrwcee of rocord. Borrower wur�ats and will _
<br /> defend genenlly the tltle to the Property aYain�t dl cldmr md demxnde,eubject to any eacumbruicu of rocord.
<br /> THIS SBCURITY INS'I'RUMENT combina unlforat coven�nte for natton�l ueo wd aon-unifornn eovenante with limited ..
<br /> varIatlone by jurlydictloa to consdtute a unifarat secutity iaatrument covering real propercy. �' '`�`''
<br /> UIJIFORM COVBNANTS.Borrowor aud Lender coven�nt md agree ae followe: �.�+�'�.-��`��
<br /> 1. Payment ot Ptincipal and Interes� Preptymatt and Iatts Char�es. Borrower ahall pmmptly pay when due tho
<br /> princlp�l of md intoreat oa the debt evIdenced by the Note md any prepaymeat�ad late charges due under the Noto. _
<br /> 2. Ftiutds for Twces ut�d Ittsurance. Subjxt to appUcable law or to t written wdver by Lender, Borrower ehdl pay to "�'""'�"
<br /> Leadar on the dsy monthly payments�re duo under tbe Note, witil the Note ie paid in full,a sum("Funda')for:{a)yearly wcea "�`
<br /> and aasetsments which may att�in prtority over thia Socurlty Instrument�u a lIen on ttte Pmperty; (b)yearly lwehold psyments
<br /> or ground reate on the Property,if any;(c)Yearly huud or proporty iasurwnce pnmiums:(d)Yearly flood iabvruico pramiuma� .�
<br /> ' �f wy.(e)Yeuly mortg�ge lnsurutce pretniums,if�ny: md (�+�►Y euma PaYable by Borrowar to Lendar� in�eeordanee with „•.,.:
<br /> . the provlefone of puxgnph 8, it►liau of the psyment of mortgage ineurwce promiums.'Ibeee item+ue eaUed"Eeemw Iteme." ;
<br /> �+ Lender may, at wy timo, collxt wd hold Funde in an�mount not to oaceod the maxiwum unouat a lender for a federally .
<br /> ' nlated mortg�ge lo�n may require for Borrower's escrow accouat under the fedeixl Resl Bstate Settlemeat Proceduree Act of • �
<br /> 1974 aa unended from dme to tIme. 12 U.S.C. Secdon 26U1 et seq. ("RP.SPA"),ualeaa urother law tlut appUes to the Funde -
<br /> �• eete u lessar amount. If so, Lender uuy, at u►y time, coUxt and hoid Funde ia an araouat not to exceed We lewer wwunt. :�_
<br /> Lender may rattunto tho unount of Funde due oa the baeiR of curnnt d�ta md reasonable estimatea of expenditurte of future ': ��e�-
<br /> � Hserow Items or otherwiie in aecordanee wIW applleable ltw. ; '
<br /> The Funda eh�ll be held ln an institutlon whose deposite uo ineured by a federnl agenay, ineteumentality, or wtity ����'� �i�
<br /> ' (iaeluding Lender,if I.endar ia euch�a inetttuttoa)or ia any Federa]Home Loui B:n1c.I.ender ehdl�pply the Funda to pay the :��
<br /> -y �searow ltoms. Lwdor may not c�arge Tsorrower ior hoIdiag and applying si�o Funds,�uRw�Iy ulaly7�ng ibo oacrow accouni�ur - ���`�
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<br /> � vedPyIn�the Eacrow Itema.unless L.ender paya Borrower intereat on tha Fuads and Applicable law permtb Lender w make such � : 'fi: ; �,..
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<br /> j a charge. However,Lender msy roqufre Borrowar to p�►y�one-time chage for w independent real estate tax reporting�arvIco r: =r.;
<br /> � used by Leuder in connxdon with this loan� unlws applicablo law providw othenviee. Unlwe aa �groemeat ie m�de or ; •, ,�• k'��
<br /> spplicable law requires iaterest W be pdd.Lender sh�ll not bo requirod to p�y Bonowor�ay intareat or euain�s oa tbe Funds. ;`• '�:�
<br /> Bortower tad Lender nuy agree in writing, howevar,thtt lntereat ehall be paid on the Funde.Leader�htll glve to Borrower, �. ��
<br /> wtthout charge, an�annwl ucounting of tha Funds.ahowing cndite aad debite to the Funds�nd the putpose for which each
<br /> debit to the Fuada w�s mAde.The Funda�ra pledged�s additionel secwrIty for all eums secured by tLie Secudty Inehumeat. '
<br /> If tho Fesadai hold by Leader exceed the unounta permitted to be held by appllcabla law.Leuder s1u�A�ccouat to Borrower �=='`-�'�
<br /> for the exceaa Funds in accordinca with the requiramente of applicable law.If the amount of the Funda held by Leader at�ay ;',,��—
<br /> �, time ie not eufficient to pay the Escrow Items when due. Lender may so notify Borrower in wdting,and,in euch case Borrowar �� �d
<br /> ehall piry to Lender the amount necr,aetry to malce up the deficiency. Borrower shall m�e up the deficIenay in no mom tlun ; ___-__
<br /> twelve monthly paymenW,at Leader's eole diecredon.
<br /> Upon payment in full of�ll suma secured by tbia Securlty Instrumeat, Lendar ehall promptly refund to Borrower any ��°��—
<br /> Funde hald by Leader.If,undar par�gixph 21. Lender sb�ll acquire or eell the Pmperty.Leeder,prlor to the acquIsltIon or eale , ��"_�___
<br /> of the Property, eh�(l apply+�ny Funde held by Lender at the dme of acquie[tIon or eale as a credit againet the sume sxured by '�`
<br /> thie Secu.rity Inetrument. '����-�����:�u
<br /> 3.ApplicaHon of Pityments.Unless applicable isw provides otherwise,dl paymrate received by Lender undar puxgeaphs -- _ -�-
<br /> 1 and 2 ahall bo apptied: first, to auy prapayment ch�rgw duo uadar the Not�; socond,to w►ounte payable under puagnph 2; `y-'`°'.�=—=
<br /> � tt►ird,to interest due; fourth,to prineipal duo;and last,tomy late ch�rges due under the Noto. I,,��'q'"'
<br /> finee aad i siGone attributable w the Pro �'��-`'�
<br /> i 4.Clwr�es;Liens. Borrower shall pay all taxes, asse.ssmente,chugea, mpo gerty - �. : ,
<br /> which ma attaia dorl over thia Securl Inetniment,md leasebold a menta or und renta, if an . Borrower ehdl a '�"�'�`��"�'' '
<br /> Y P �Y ►Y P 3' 8ro Y P Y xr.z. .
<br /> these obligatlons in the manner provided in pxragr�ph 2. or if not paid'w that maaner,Borrower shnll pay them on dtne diroetly �-
<br /> �. to the peraon owed payment.Borrowar shell promptly fumish to Lender all notices of amounte to be paid under thie paragraph. �. ,
<br /> If Borrower raekes these paymenta directly, Borrower shall promptly furniah to I.ender receipta evIdencing the paymente. •
<br /> • Bortower shall promptly dischnrge any liea which ha9 priority ovet this Security Inatrumwt unless Borrower: (a)agreea in " ,
<br /> writing ro tho pnyment of tho obligation secured by the lien in a manner acceptable to Lutder;(b)conteste in good faith the lien °
<br /> ; by, or defends against enforcement of the lien in, logal proceedinge which in tho Lender's opiaion oporate to provent the �
<br /> � enforcoment of ehe lien;or(c) secures from the 6older of the lien an agreement eatiafactory to Lender eubordinatlug the lien to
<br /> , this Security Instrument If I.ender d�termines Wat any put of tha Property ie subjxt to a liea which may att�in prlorlty over
<br /> this Security lnstniment,Lender muy give Borrouer a notice identi�j�usg the lien.Borrower shal! satisfy the liea or take one or � �
<br /> more of the actione set forth above within 10 days of the giviag of notice. ,
<br /> 114- 16 3 5 Form so2s srso
<br /> �•eR{NE)iss�s�.o� LT044 a.o.soee .�. r,�n T:11�
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