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<br /> ' 7'OCi&THER WITH all Ihc improvcments now on c�rcaftcr crccted on thc property, and all cascments,appurtcnanccs,and I " . - -
<br /> tlxture.v now or hereafter u pun of�he property.All replacemen�s and edditions shaU also be covered by this Seauity Instn�ment. � • __
<br /> I AU of tho forcgoing is rcfcrrcd to in this Securlry Instrumcnt as 1he"Properry." = ___
<br /> ' � BORROWER COVSNANTS that Borrower Ls tawfuUy scised of lhc estatc hcreby conveycd and has thc dght to grant and � _
<br /> � I convey the Propeety and that the Property is unencumbcred.except for encumbranc,e.g of record.Borrower waaants and wiU ---
<br /> defend generally the dde w the Properry ageinst all claims and demands.subjact to sny�ncumbrances of record. �
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<br /> � THIS SECURITY INSTRUMBNT combines uniform covenants for national use and non-uniform covenants with limited Q _
<br /> variadons by jurisdicdon to wnstiwte a unifor�n security instr�ment covering rcal property. _ --------
<br /> i UNIFORM COVENANfS.Borrowar and L.cnder covenant and egree as foUows:
<br /> Pr ment and late ChAr es. Boaowcr shall prompily pay when duc th � _
<br /> 1,PAyment of Prtncipal and Interest; epay B �? -
<br /> ' principal af and interest on thc debt evidenccd by thc Notc and eny prcpayment and late charges due under thc Note.
<br /> 2.Funds for Ts�xes Qad Iasurance. Subjcxt to appUcable law or w a written waiver by Lender, Borrower shall pay to =
<br /> � Lcnder on the day monthly payments are due under thc Note.until thc Note is paid in fuA,a sum("Funds")for: (a)yearly taxes �
<br /> and essessments which n�ay aualn priority over this Security Instrument as a Gen on the Property:(b)Year1Y leasehold payments !
<br /> ' or ground rents on tha Properry,�f any:(c)yearly hazard or pmperty insurencc premiums;(d)yearly fload insurance premiums,If
<br /> � any;(e) yearly mortgage insuranco premiums,if any;and(�any sums payable by Borrower to Lcnder,In accordance with the
<br /> i provisions of paragraph 8. in lieu of the paymcnt of mortgage insurance premiums.These Items are callecl "Escrow Items." __
<br /> f. � Lender may,at any time,coAect and hold Funds in an amount not to excced the meximnm amount a Icnder for a fcderally releted
<br /> � .�' mortgage loan may rcquire for Borrower's escrow account undcr thc federal Real Estate Settlement Procedures Act of 1974 es
<br /> � amcnded from ame to time,l2 U.S.C.5ecdon 2601 et seq. ("RESPA"),unless anothcr law that applies to the Funds sets a lesser
<br /> � � amoun� If so, Lendcr may,at any time, collect end hold Funds in an emount not to exceed thc lesser amount L.ender may
<br /> estimate the amount of Funds due on the basis of current data and mssonable estimates of expenditures of fuuue Escrow Items or
<br /> � � otherwrisc In accordancc with applicablc Iaw.
<br /> � � 'Ihe Funds shall be held in an instiwtion whose deposits arc insured by a fedcral agency,instrumentality,or endty(including —
<br /> _.� Lendcr. if L.ender Ls such an Insdtudon) or in any Federal Home Loan Bank. Lcnder shall apply the Funds to pay thc Escrow ���_
<br /> � Items.L.ender may not charge Borrower for holding and applymg the runds,annuaily anatyzing ihv esc�vw+�u:uw�t,aa��ri�'Y�g �"'�- _
<br /> . 1� the Sscrow Items,unless L.ender pays Borrower lnterest on the Funds and applicable Iaw permits Lender to make such a charge. � _ ;wvL
<br /> � However,I.ender may require Borrower to pay a one-tlme charge for an independent real estate ta�c reporting sec�+ice used by -� �
<br /> ' Lendu in connecdon with this loan, unless applicable law provides otherwise. Unless an agteement is made or appllcable law �''�"
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<br /> � requires intcrest to be paid,Lender shaU not be required to pay Borrower any interest or earnings on ihe Funds.Borrower nnd ,,��._
<br /> Lender may agree in wridng,however,that interest shall be paid on the Funds.Lender shall give to Sonower,without cherge,en , ?�-�`
<br /> � annual accounting of the Funds.showing credits and debits to ihe Funds and the purpose for which each debit to the Funds was
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<br /> � made.The Funds are pledged as additional security for all sums secured by this Security Insuament
<br /> r If the Funds held by Lender excc�d the amounts pertniued to bc held by applicable law.Lender shall account to Boaower for �
<br /> ' the excess Funds in accordance with the requirements of applicable law.If the amount of the Funds held b L.ender at any wne is `'-- `—
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<br /> • not sufficient to pay thc Escrow Items whcn dnc,L.ender may so notify Borrower in writing,and,in such case Borrower shall pay r:��
<br /> ' to Lender the amount ncxessary to make up the deficiency. Bormwer shall make up tho deficiency in no more than twelve �.-�-
<br /> • monthly payments,at Lender's sc�le discretion. ��°____
<br /> , Upon payment in full of all sums secured by this 5ecurity Instiuument, Lender shall prompdy refund to Borrower any Funds
<br /> ; � held by Lender.If,under paragraph 21,Lender shaU ecquirc or scll thc Property,Lender,prior to ihe acquisidon or salc of the �:_���-
<br /> ' Property,shall apply any Funds held by Lender at the time of acquisirion or sale as a credit against the sums secured by this -,�,;-__—_
<br /> � S Security InsuumenG ."�-- -
<br /> 3.Application of Feyments. Unless applicable law provides otherwise,all payments rcccived by Lcnder under paragraphs �'�`"'��
<br /> 1 and 2 shall be applied: firs� to any prcpuyment chargcs duc under ihc Note; sc�ond,to amounu pay�le unc�cs��graph 2; ;r_;;- .
<br /> " , third,to interest due;fourth,to principal due;and last,to any late charge.g duc under the Note. r �M +��.��:
<br /> 4.Charges;Lieus. Boaower shall pay aU taxes,asscssments, chargrs, fines and impositions attributable to thc Property '. •
<br /> which ma auein riori over this Securi Instrument,and leasehold a ments or round renis,if an .Borrower shall a these �� � "`�"��
<br /> Y P �Y �Y P Y S Y P Y . F_�;x �`,!•�:�.�.:
<br /> , obHgations in thc manner provided in paragraph 2,or if not paid in that manner.Borrower shaU pay them on timc direcdy w the '�'`h<<`�1� �:`�`,;'
<br /> person owed payment Borrowcr shall promptly fumish to Lcnder all notices of amounu to be paid under this paragraph.If I ... '•
<br /> IIorrower makes these payments direcdy,Bonower shall prompdy furnish ta Lender receipts evidencing the paymenis. . ,
<br /> Borrower shall prompdy discharge any lien which has priority over this Security Instrument unlcss Borrower: (a)agrces in , ' .
<br /> writing to the payment of the obligation sccured by the licn in a manner acceptable to L.ender.(b)contests in good faith the lien � �
<br /> by, or defends against enforcemcnt of the lien in, lcgul proceedings which in thc Lendcr's opinion operatc to prcvcnt thc �
<br /> enforccmcnt of thc licn;or(c) secures from thc holder of the licn an agrccmcnt satisFactoty to Lcndcr subordinating the licn to
<br /> this Security InstrumenG If I.endcr dctcrmines that any pan of thc Property is subject to a lien which may auain priority over Ihis
<br /> Sccurity Inswmcnt,I.cndcr may givc Borrowcr a noticc idcntifying the lien.Borrowcr shall satisfy the licn or takc one or morc
<br /> of thc actions set forth abovc within l0 days of thc giving of noticc.
<br /> Form aosa e�eo
<br /> �-8R(NE)192tzl.ot Paps 2018 �"���a�s: .
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