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<br /> -� � J?- i�o��. C. � .-_---(�=t-
<br /> �' 'POGE'PF�R WR'Fi all tha impmvemtnrs now or hereafter erected on the prnperty.and all case�nents.app and • . . •:-:
<br /> i fixques now or hereaftes a part of the property.All replaoemeats and add'uions sLall aLso be covered by this Security InsLnim�r►t ' " �"'
<br /> All of the foregoing ic referred tn m this Sec�uity Ins�ument as the"An�rty" � ,- -
<br /> BORROWER COVENAMfS that Bormwer is lawfu(ly seised of the estate hereby convcyed and has the right on grant an d . .• ,
<br /> convey the Property and tLat the Propeaty is unencuuicbr��.ezcept for encumbrances of record. Borrower warnu�ts and wiq � �_-
<br /> `_; d e fend gen e r a lly t h e d U e to t h e P r opercy P$alaSL a ll c l a i m s an d d e m a n d s.su b j e c t t o aay encum brances o f r e c o r d. t_ _ _ _-- - --
<br /> � TI�IIS SECURTlY INSTRUMEN"f cctmbines nniform wvenants for naiional use and non•uniform covcnants witd limitcb � ,. �'
<br /> ' variasions by jurisdiaion w consoaute a unifomi sec�uity insorument covering real property. . ��=���;'.
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<br /> ,; UNl�pRM COVEI�ANTS.Bor¢ower and Leuder cove�ani and agree as follows: { :• •::
<br /> 1 L Payraeat of Prindpal and Iateresti�Daycarat and Late Chuges. Borrower shall P�mPUY PaY •vhen duc the ! " . ,.
<br /> p ri n c i p a l o f an d'm t e r e s l o n t he d e b t evi d e nced b y the Note and an y p r c pa y ment and late d�a r ges due und�the Note. `� �� -Y�
<br /> . ' 2.F a m d s f o r T a o c e s u n d I n s u r a n c e. S n 6 j e c t t o a p p l i r a ble law or w a miuen waiver b y Lender, Borrower shall p a y to . . ' �.`>.�;-:_,
<br /> Leader ou the day mon�?ily paymenu are due und�cr the Note.nnt�7 the Note is paid'm f�ll,a sum("Funds'�for.(a)yeady taaes ' -_ , _
<br />� and a�neuts wbich may auain prinrity over tbis Sec�uity Insavmxns as A lien on the Property;N)Y�Y teasehold paymeats
<br /> or groand rents on the Propezty,if any,(c)Yearly ha�ard or properiy iasiaance pm�iums;(d)Yeazly tiood inswarcce p�miums,if . . • � -�''" "..°_
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<br /> anY:(e)YeartY mortga�e msuzance gremiums.if any:and(�any surtis payabte by Borrowcr W I.endea.in accordance with t�e • ' . �__:
<br /> pmvisions of patag�apb 8.in lieu of the payment of mortg$ge insivance premiums.Tkese itcros aie cafled"Fscrow Items." • r'�-•-�--- -
<br /> S . .r>;;:�
<br /> Leader may,at any time,colle�t aad hold Funds m an amount not ta excecd the maximum amount a lender for a federally mdated
<br /> maitgage loan may nqnire for Boaower's escmw acoovnt undca the fedeaal Real Esrate�lemeat Ancedmre4 Act af 1974 as , . '}�:;��_�
<br /> amended from time ou tiate,l2 US.C.Se�tion 2601 et stiq. ("RESPA'�,unle,ss anothea law tfiat applies w the Funds sct�a iessea .
<br />- amonnt If so.L,endea ,at�► t�e. wUec�aad hold Fands in an arnaunt not to�the Iesser amount L� ma •• "�!-�
<br /> �Y Y y • �r-°,:�,�',�,—�_
<br /> estimate the amaunt of F�mds dne on the basis aE oament dam and rea,onabla estimates of e�ditures af fiimrc Esa�w Ite�s or •,�.��
<br /> oth�arise in aocord�ce witb a�licabte law. • ~
<br /> 'Ihe F�mds shall be 6edd in an ia�tilutifln w�as�deposits are insured by a fedesal agerccy,insuwne,nta:i.°y,or eudty(�cluding ' ;�'""�'
<br /> . I.ead�,if Lender is svcb an ins�ur�nsn)or in any Federal Home Loan Bank.Lender shalt�gly the Funds w pay dre Fs�ow . . y�•, r ¢:.
<br /> Itans.Leuder mtiy not c}�2rge Bea-awa for holding aud applyin�the Funds.annually analyzus�the escxow acxount,or ceiifying _ `:'�'-..::• •��: �-
<br /> the Esaow Ttems.ua9�Leuser�s Bo�xnw�interest on the Finads and applicabJe law�r�its Lender to matce sucb a charge. �. � �
<br /> Hnwevea.F�e,nder may requse Err�uwea w pay a on�ame charge for an ind�t r�l estate tax repo�ting service�.sed by �, � '• `�
<br /> ,`.:g�. �"j". ; �..
<br /> . -i Lendea m conaection with this�cs.unless applicable law pmvides orhawisc.Unless an ag�cmcnt is made or applicable law �. �
<br /> a '•:�;zt,i.. � •
<br /> uiaes m!erasc to be aid I.endc�a�aU not be tn Borrowar an inteaest ar c�uin s on the Funds.Homnwer and '` ' �`
<br /> �i P �4� PaY Y � 8 .. �, •-t1•^�•...
<br /> : Lender may agcee in writing.howav�,thai intere.ct shall be yaid on the Funds.Leuder shaD give w Borrower.without c�arge,an �� �'.'
<br /> ' annaal accounting of the Fimds,shov�g c�div m�d debita w the Funds and the purpose for which ea�G dobit w Ihs Fands was ' �"'
<br /> • � ,�F�:..�i-'".
<br /> , inad�1fi�Fand9 ere p:edg0d es s,�fdi�s�mn����y+4'af a71 SnmB 50CUnCd by ihiS Securily IusiNment ' :s��,:�r,
<br /> I�°�,ha FanGs held by Lea►d�eacced the amounts pemuued W be hetd bY aPPlicabte taw,LeAder sl�atl acoount to Bormwer for : ,�.:1.;: ,.., '; �
<br /> :� ; the e��Fandg in aocordar�ce arith the requfrements of applicable law.If the amountof tha Fuads held by I.ender�t any tune is LL� � �•tE
<br /> �: not suffiaeat w pay the Escrow Itans when due.Lend�may so aotify Homowcr in writing,and,in such case Bormwea shall pay °• x;. . u;��,��;
<br /> to L�der the amount aeoescary tn make up the deficiency. Boaower shall make up the defiaency in no more d�an twelve - ` _ °`�'—-
<br /> montLlY FaYme�ts.at I.eades's sale discretion. + ���.
<br /> '' UDou payme,at�fnll of all sums secured 6y this Secnrcty Instrument,Lender shall pmmptly refund to Borrower any F�ds � �� `�:
<br /> ��'=.�-
<br /> • held ay Lended.If,unde�c parqv,�aph 21,L.e�er shail acquffe oz sell the Property.Lender,Prior to the acyuisition or sale of the . �-'�'�; ��
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<br /> Prope+ty,shall appty any Funds heW by Lend�at the timme of acquisitioa or sale as a c�tat against tbe sums seaaed by ihis .���� .i:
<br /> Securiry Iast�umenL
<br /> � 3.Applk�ibn ot Paymenta UNess syplicuble law�rovides otherwise,�Il paymerits received by Lcuat,�under para�aphs --::�:
<br /> 1 and 2 sdsll be applied:fust.W ar►Y P�Y�qsi charges due under the Nate;seoand,tn amounLs pay�e under pvagraph Z: .° . .,::
<br /> Wird,to intarst du�faurth,oo principal du�aad las�,w any L�te ch�ges due�mdar the Note. - �:�:�-�.
<br /> 4.Cdargesp LLens. Botrowu shall y ell taxes.assesvnents,cdarges. fines and ' smons attribumble to ttte Pro �rs;�"".
<br /> Pa im�o �� PertY � �.�,.,.�:�,��:�
<br /> which may atta�priority ovra this Saauity Instrumen�and leaselwtd paymeats er grou���ts.if any.Bon�awwer sl�aU pay these ����..:;�;�;
<br /> obligations in the manner pravided in patagrdpfi 2.or if not paid in tLat maanr�,Dorrower shall pay them on 6me directIy to the � ' . �.. - •
<br /> n owed ent Harrow�sl�.�.0 m d fumish to Lendar a)1 nntic�of amounts to be d nnder this h If ���°�" —
<br /> Pe� PaYm P� P Y P� 1�8�P • .;;�tir::.�s,.a.,..��.
<br /> Bo�rr�er makes these payments�:¢e�ily�Bmrower shall prom�ty tumish w Lender receip�evidencing the payments. '.•;�?�?-�"'-'�.''`�"_
<br /> Fc��wer shaU pmmpAy discharge any lien whicii t�as pri�iry ovea this Seaauity Inrtr�,�n►ent unless Borrower:(a)agrees in �' � - -
<br /> writ�ra w the paymerr.mf the obligation s�cured by the lien in a manner acaeptable to Leader.(b)contests m goud faith the licn ... . •r...
<br /> • by, or defeads a�ie.�st �enforcement of the lien in, legal proceed'mgs wh�h in the Lendtaa's opinion operaie m prevent the . -"^'''?::4'r�+�..�:�fr,.,,.
<br /> 3:•;� __.-_.
<br /> enforcemens of�Qi�; rn(c)secures from the holder of the tien an�eeme�t satisfacwry to Lender subocdL�atinng the lien tn ,� . ':.;;%
<br /> this�e�ity Ins��nt If Lec�d�termines that any part of tbe Yrope�ty'ts snbject w a Uc�which may attain priority over this � �� �' '
<br /> Sea�.�.y�ason�mecs,Lenda�ay 6�:y�e Bonower a notice ideniifying the llen.Hocrov�er shaU sadsty the lien or talce one or more �.,�r.+`.i'.�. �.,'.�'" :?.::� . --
<br /> of the actions set�'eac.".a�ove a;�s�3�days of the pving of n�bcs. ' ' ' �
<br /> Form 90�8 Ol�O
<br /> r �-�V(NE�lo2t2;.".f Paas8o19 IMtlata: ' ��
<br /> . , 'f93-2 `'' ' � ��._
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