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<br /> -� Tn.-�ruFa uu► Ali r}w imnrovrments now or I�ereafter erex;ted on the property. and all e���nts. �____:. , " � • � *�--
<br /> , .� ...,..... __. ._'!'H �. , 1 . _
<br /> BPP�nances,aad fixt�ues now or herea$er a part of tha property. A t i repiacxmonu nnu�t�;t�u u��:�:�..'�a!:.-ti:� -T- : T � :
<br /> .. � P rn''" �`� � . ' ��._--
<br /> by this Secnrity lastruraeat All of the fongoing�s�ekrred to in this Se�:urity Ias�tnunCnt as the"Pro �
<br /> �i Boxttowr�.,t Covnvnxrs that BorrowCr ts IawfWly sCisr.si of thr�.stat�h�nbY coe��Yed and has the nght to grant anJ
<br />,, conv�y thz PropCrty aad tl�aat tha Property is unencumioercd.Cxcept for en�umbranccs of record. Borrowrr warrantc and ,� .�. ',
<br /> will d�f�nd ganerally ths tide to th�PropCrty against all claum and demanstc,sub,jr.et m auy e�umbrancwc of record. . . .--
<br /> . , T�us Sr��<<Rr►v Iwsrsc���*rr combi�s umform�:avenaais for aational ust aad non-uauform wvenants with limited , • . . .
<br /> � variatioas by jwisdiction to constitute a uniform s�curity instn�nt cov�ring rCal property.
<br />_ ' Ur�ox.�t Covtxnrrrs.HorrowCr an�l l.ander covenane.nt and d.ate C13arges. 8orrower shall prompdy pay whru due " . . . -
<br /> 1. Faymeni of P�inct�eal and Interest;Pr ` � ; .��•
<br /> � the priacipal of and intenst oa the dabt evidaaced by�3 Not�and any prCpaym�nt and lat�charges du�und�r the Note. T.- ----- ,---- --- -
<br /> • 2.Eunds for Taxes an8lnStQattse•Subsact toapplicabl�law ot to a writtea waiver by Ixwler.Borr�war sha11 pay -
<br /> to Lender on the day monthly paymeats ar�due und�r th�Note. uniil th�Nota is paid in fu1l, a sum('Funds")far. (a) , .�
<br /> . yearly tax�s and ass�ssments which may attain priority over this Security Instrumant as a lien on the Propertv: (b)yearly . . . - _ l
<br /> leasehold paymerss or ground �nts on the Progerty. if any:(c)yearly ha7ard or prop�rty insuiancej przmiums:(d)Y��Y � . • �
<br /> ' fload iasurduce premiums,if aa�y:(e)YcadY mortgag��nsuranc�preauums,if any:and(fl�Y�P3Y�l�by Sorrower ' �. --, --,.',-. ..`�-
<br /> � to Leader. in accorda�.�with tl� provisioas of paragraph 8. ia fieu of the payment of mortgage insusance prcmiums. � � ' • ; �
<br /> � These items are called "Escrow Items." Ixader may.ai any time,collect and hold Funds in an amount aos to eacc�d th� ;.�s�'�'`��;°.�`;;,
<br /> .3,r.'i-�., �
<br /> maximum amount a leader for a federally relatzd mortga�toan may require for Borrower's cscrow accou� urd�r the • . y;�S: ,
<br /> .�.�..._�•. .
<br /> fedaral Real Estate Seul�ment Proc�du� Act of 1974 as am�nd�d from tim� to tima. 12 U.S.C. § 2b0! et seq. L �t-�a��4,i
<br /> ' ("RESPA'),uatess enother law tS�at applies to the Funds sets a I�r amount If so. Lencler may.at aap time.wllecc aad . ,
<br /> hold Fucds ut an amount not to excrxal t}�Ic�ser amount. I.�ixler may estinoate di�amount of Funds dua on die basis of • �,, _'.�:.
<br /> • current data and reasonable estimates c�±F�xpendiiures of future Fscrow Items or otherwisa in accordance with applicable ,-,-.,._•.. _�
<br /> law. . V �"�:,�
<br /> ' ' 'I9�Fts�ts shal!he h:ld in an ins4itution whose deposits are iasared by a federal a�eacy,iastrumeatality, or enrity i_ �' �—
<br /> • (*,,�,e(wding i.and�r,if Leader is such an iastitution) or in any Federal Home Loan Baafc. Lender shall applYaual u�the � • `"'� � "`
<br /> q�ay tt� Escrow Items. l.ancier may not clsargz Borrower far holding and applYina tde Funds. annually y 'ng s� (. _--
<br /> ��,u. , '.. +r. . �°_:; ..
<br /> e�crow account. ar verifying tha Escrow Items. unless I.asder pays Horrower utt�sest on the F�nds and applica6le law ����_.. _
<br /> �
<br /> Horrowar to a a one-tiase c4�ar�e for an �;"��.,_ �� '��d._.
<br /> . . permits I.ender to make s¢cfi a c6a�. However. l.endar may r�uire P Y ' . � � _
<br /> i�ependent real rsfate tax reporrtiag sarvice us�d by l.aad�r in connecrion with this loan. unless applicable 18w provides '��ft,
<br /> f_.� .
<br /> otherwise.Unless an agnam�nt is mac3e or appGcabla lawreq�sires er�resc to�Pnlv m��howz erDtt�at int�nst�s hall be . �.i
<br /> . Borrower any inierest or eamings on die Fnnds. Borrower and[.endzr maY ab'�� �• �:���� ,,�,# �. -,�
<br /> , paid oa the Funds.I.artder s'�1 give to Borrowzr.without charge,aa annual acwuntin8 of the Fimds. showd�c�onal .,-:•",,,•,� ' ' '•
<br /> d e bits to the �unds and th�Purpose for wtuch each d�bit to ttt�Funds was mada. TEta Funds are pledge� ' 4 ��• v
<br /> secwity for a�l sums secured by this Secimty instrument. �;,�`M r.
<br /> .. If tttr Fimds held by Lender excsed the amounts permittEd 2�be held by aPPlicable law, Lender shall accotwt to :y:�,: . ,;;
<br /> Borrower for tlse excess Funds in accordance with the reqwr�men7s af applicable law. If tha r�nount of the Funds held by .:;;�,, ,,.,.#�-�±��' :.�:
<br /> , • Lender at any ame is not sufficient ta pay die Escrow ltems when du�,I.ender may so nati,�`y�azrow�r in writing,and.in �:�„ l
<br /> ,�--:.. �,;--
<br /> such cass��ocrower shrzll pay to 1..encL°.r the amount necessary to make up the deficiency. Bflrrower shall tnaE�up Iha '`j��° � �
<br /> . deficiency in nu more than twehe monthlY PaYments.at l.e�er's sola discredon ���:_. ..�T�'��:,;;: .. �,
<br /> UPon YaYment in full of all sums secured by this Security In4trument. L�ndar shall ptompdy reftmt�t�Borrower r; i;!� .. --
<br /> � a n y F u u d s �Sa2d b y l.eader. If, under paragmph 21, L.e�ler shall acquir� or sell the Property._ l.cuder, prior to the �t' , ;, `i� :,.
<br />: � ' acquisitioa or sala of the Property. shalt aPP�Y �Y F��eld by L.Snder a t t h e t i m e o f acq w s i t c o n o r sal�as a cred:t : �j. :.
<br /> a�ainst tha sums secured b�this Security Instrumment .._.:. ' • .>.'.-t
<br /> 3.Appticatlon oY Paymenfs. Uriless applicubie law provides aWerwise.all paym��s recxived b [.�c+der under f
<br /> � y .,. s�''..-`
<br /> . P��Phs 1 and 2 shall be applied: fus� w eaY P�Payment charges due undsr the Note: seco�, to amounts payab2e ,.. ...-: ,�'--
<br /> . under paragcap d fate charses due under the Note.
<br /> b 2;third,to inLerest due•fourth.co pnncipal due;an las�to amI
<br /> 4,C�i�'gc4;Lieng. Borrower shall pay all taxes. asses.smena•cds�rges,fines aad impacitioas sun�►utable to the „ �
<br /> property wius� may atmin prioriry over tlus Security lnsuument. and teasehold payments or �ound rents. if any. ;.. . �'•- � - ..
<br /> � , gorrower s.�ill pay Wese obligations m the caanner pmvided in Para�aPh 2.or if not paid�n that aoanner,Borrower shalt �.� _ ��. . ..
<br /> . pay them oa time duectly so ti�e person awed payment.Borrow�r shFill prompth+fi+rnisb to Le�ler all aorices of amounts ,-y " '
<br />� � to be paid uacler this paragrs�h• If Bortower makes thes�payments duectly. Boaow�r shnl l prompdy furnish to Le�ler �_�° � ' � ��� '"�^_
<br /> receipts evidencing the paymens. `�'" _ �g�, _�°.
<br /> L� _- --' -
<br /> . Borrower shall ptotnptly ci�sc�z�e any lien wluch 6as priority over this Security lastrument unlessro,�n�in -�-•+�
<br /> 8gree,y in writing to the payme�of�obli�atton secured by the di�n ia a mannsr accepta�t�to Lender; ��_
<br /> � good faith the lien by. or defends against enforcement of tha liea an, legal proceedings w�r1h in We I.�r�der's opiaion ��,:�.:
<br /> opeiate to prevent the enforcement of tha lizn; or(c) secures fram th�s holder of the lien an agreemeat satis€acWry to ;�� �..
<br />. ' Lenaet subordinating the G.9n to this Security Instrument If Lender detesmines that eny part of We Property is svbject to a ,. -
<br /> . lien which may attain pr��i3y over tl�is Security inswment, l.ender may give Boaower a notice ideatifying the lien. � �s!:�;
<br /> Borrower shall satisfy the lien or take one or more of the actions set forth above witlur►l0 days of�he giv�ng of mnce. �., -
<br /> '" 5.�S�d or Plroper'ty lasuraitce• Borrower shaq keep the improvements now axisting or hereafter erected on tha p:-•:,
<br /> . d.•
<br /> . . Properiy �"-� against loss by fire. hazerds ir.cludad within t�z term "extended coverags" ond any other harards. �� - .. ��
<br /> . . Fartn 3 9!9 ngo 2 0 6 , . . ; _
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