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<br /> 'fO�g'CE�Ft WI'i'H;�[1 the improvement�no�u an c�reaftcr erected on thc propert�, d al!casetnents,appurtenances, and ;
<br /> •�` fixtures now or hercafter a Qart of thc property.All rcplacemer►ts and additions shaq also be covcred by th'ss Sccurity lnsmunent � ` •` . �;
<br /> ' All of the fomgoing is referzcd w in this Security Insonunenc as the"AnPcaty." ; ' •. ��
<br /> BORROWER COVENANTS that Borrower is tawfully seised of the estate hereby conveyed and has the right to grant and �. - • � .�,
<br /> canvey the Progerty and that ihe Praperty is unen�umbemd, except For encumbrances of cecord. Bortowc�warrants nnd will • � _-
<br /> defend ger►erally the dde to the PropettS+agaiuist all claims and demands.subjeci to any encumbrances of eecord � , , " � .
<br /> • TEIIS SF.�URITY INSTRilA�NT combines uniform covenants for national use and non-uniform covenanis with lir�iied � . ' . _
<br />--- wariaiions by�risdisoion to constitute a nnifosm security ins�rument covering real property+. - - ---
<br />_ UNIFORM COVENAIVTS.Borrower and Lender covenant and agree as follows: . . � --
<br /> 1.Payment of Principai aud Interest;PoreFaymettt sud Late Charges. Borrower shall prompdy pay when due the . ___
<br /> principal of and interest oa the debi evidenced by the Note and any prepayment and late charges due undea the Note. _ _ ��
<br /> 2,Fuaa�s Gor Tarc�s and Insarance. Sub,{ect to appHcable law or w a wriuen waiver by I.eadea, Bartowcr shatl pay w ,
<br /> L�a�+er on tti�day�vnthlY 1�Yments are due under the Note,until the Note is paid in fuIl,a sum("Funds'�For.(a)yearlY taxes � . :
<br /> a�+l assess�ents wtuch may attain priority over this Securiry Insprument as a lien on the Prope.rty:(b)Yearly leatchold payments • � •
<br /> or ground re�ts on the Frogerty,if anY;(�)Y�Y ha�or property insurance pm.�niwns;(d)Yearly fload ic�sucance premiums,if � : � , : '` - _
<br /> any;(e)YeaTh'mortgage insua-�ce prz�i��ms.if any:and(�any sums payablc by Borrower tn Lende,r,in accordance with the �iA P(�s f s�'���a4�R ,
<br /> im
<br /> I provisians of paragrapb S. � '�:�n af iiik�p-r��c��ortgage insuratice premiums. These neccrs are«:a ll ll e d "F s cmw I t e m s. .;�•., , 'b3�s,��i�'',=.,sf(;��� .
<br /> :;�,�� L•�der may,at any i�e�caJlcrs:�I��`'i���ox:in.�isi:nt aot co ez�eeci the ma�'sanum amonnt a lender for a federaUy relaoed ',Ylst.;.iF ff;�r,�; �,��`{�+��r,, ;
<br /> ,-?,:' ,rn a a[;a ge l�azn�ay c�,ini.�e 1���.�.t�s•wc�. ae:�.�un�ler the federal Real Estate Settlement Pracedures Act of 19T4 ac .., , ,;;��,��;� .. �.
<br /> -.•-�`�:.�i "' .��• v.,_:{�.:. .
<br /> .,.,,-.� a��frgm��rs��:*�:,L��.5 C.��a 2601 et s�e�. ("RES�A'�,uniess another law tbat applies w the Funds sets a lesser -�;_.•. ...
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<br />;=j:�<. aueount Ig s�,Ti�nder may,at any oir�ae,oollect and hold Fuuds in an amount not w excecd the lesser amount Lender may .. :_ .
<br /> estimate the amo�mt of Funds due on the basis of cuarent data and reasonable estimates of e�cpec�diu�res of futwe Fscrow Items or • . • "`�
<br /> m
<br /> othervvisc in accordance with applicable law. : .
<br /> :��.-:._..
<br /> 'IY►e Funds sbaU be hetd in an institution whose deposits are insured by a fedecal agency.inswmentality,or entity(inciuding -�t •" -
<br /> . I.ender,if Lend�is such an insawaon)or in any Fedeaal Home Loan Bank. Lender shall apply thc Funds to pay the Escrow �'��
<br />� ^ Items.Lendea may not charge Borrower for holding and aPPlying the Funds.annualty analyzing the cscrow accuun�or vetifying •• "*�`�'' "� (..:
<br />, the Fscrow Items.untess Lendc�pays Borrower interest on the Funds and applicabie law pt�mits Lender w make such a charge. •••��'�rf :. +e•r:
<br /> � However.Lc;nd�may ccquire Borrower to pay e on��imc charge for an independent resl estate taa repotdng s�►isc used by : `
<br /> Lender in connecaon with this loan.unless applicable law provides otherwise.Unless an agcecment is made or applicable law • `� . ;.. '.� �_
<br /> requires int�rest to be palQ Lcndcr shaU not be required to pay Borrower any interest ar camings on 1he Funds.Borrower and �' . �"'` � �
<br />� � ; ►,.ender mf►y agree in writing,howevcr.that interest shall be paid on the Funds.[.cnder shall give W�orrower,wit�oat charge.an �r:�--� . + ��
<br /> m► ' "
<br /> � annual accounting of 1he Funds.showing credits and debits to the Funds and the purpose for which each debit to the Funds was ' '
<br /> made.'I1ie Funds arc ple�ged as additianal sccuriry for all sums secured by this Seauity InstnunenG `��'`s
<br /> .w:�::_., -j�
<br /> If the F�nds held by Lender exceed ths amounts pamitted to be held by applicable law.Lender shall aecount to Borrower fQr � - • , ,� . .
<br /> � • the excess Funds In accordance with the requioements of applicable law.If the amount of We Funds held by Lender at any time is ��'' • .i�6 ��.
<br /> . _., nni sufCcient W pay the Fscrow Itema when due,I.ender may so nodfy Borrow�in writing,and.in such cass Borcowea shail pay .�:'
<br /> •� w Lender the amount ncxessary w make up the deficiency. Bormwca shall make up the defictency in no more dian tarelve � �;•
<br /> . montLlY FaNments.at Lender's sole disacction. '�:','` ' .r=�.':',
<br /> ' � Upon payment in full of all sums secured by this Sec�uity Instrument,Lender shatl promptly refand to Boirowar any Funds `" r-� •
<br /> �
<br /> ' • held by Lead�.If,under paragraph 21,Lender shall scquira or sell the Property,L.ender,prior to the acquisition or sale of t�e ::';;-';-'`,�.�-� ,::,:�°� -
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<br />;.:: prnpe�ty,shall apply any Funds held by Lender at the time of acquisit�on or sale as a crodIt against the sums sec�ued by this �`��';.,":,,_ -„�,.,_;.�
<br />' Secucity Instruruent � ,�,'�..1���'#,'� . � ,':
<br /> ` 3.Applis�tton ot Paymer+ts. Unless applicable law provides otherwise,aU payments rciceived by Lende�undea parngr�lis ; ,f' ,•
<br /> 1 and 2 shaU be applied: fust,tn an ''��.. :' ?'�'..-
<br /> y prepayrr►ent charges due under the Note:second,w amounts payab'.e under paragaph 2; • �r�� ��°—
<br /> � th'ud,to interest due:fouN�.w principal due;and lasb w any latc charges due under the Noic. ����----
<br /> ' u� � �--==9--
<br /> 4.Charges;Liens. Bormwer sh�pay all taxes.assessments,charges, fines and imposttians atuibutable w ihe Propaty �`'�':�"—
<br /> �� which may aim�priority ov�this Se�araity Instrument,and leasehold payments or g�ound rents,if any.Borrowca shall p�g*�ese , . P"_�,��-�
<br /> .;.� obligatinns in the manner provided in paragraph 2,or if not paid in U�at manner.Borrowex sht�l�y them on dme da�ctip�u the � �. � :•
<br /> peason owed payment�aaower shall pmmpdy fumish to Lender all notices of amounts m t*.e paid under this paragrap7�.If - •^"��-.
<br /> �. f Boaower malces these�ay�neats disectly,Bonower shall promptly f�mish to Lender receipts evr�;acing the payment3. .�'�"::•'�€€t;.. .,
<br /> . Borrov��shall pmmpdy discharge any lien which has priority ov�this Sec�uity Insau�a��:mless Bormwer. (a)a�rees in "'��'�',.,'' - -�
<br /> � .r'`�"r�'z•
<br />,�;'�� � writinng w the payment of the obligati�n secured 6y the lien in a manner acceptable w Lendee;Q.y contests in goad faith the lien _:,< '-.� w: .: ::�
<br /> ,'�:�,.� ,
<br /> by, or defends against enforcement of the lien in.legal praceedings which in the Lender's opinion operate to prevent the �•`',N�.;:};.�,�... :
<br /> enfo�ement of the lien;or(c)secures ftom the icoldea of the lien an agrecment satisfacwry to Lender subordinating the tien to • '...�.,.;;_ ,:,.
<br /> this Security InsmunenG If Lender deteamines that any part of the Prope�ty is subjoct w a lien wh'sch may auain priority over this .�,�`...�;•.;�;`•.
<br /> Security Instrumen�Lende�may give Bormwer a notice identifying Ihe lien.Borrower shall satisfy the lien or take one or more � � •". j
<br /> of the acdons set forth above within 10 days of the giving of rtoflce. �� '''� .
<br /> . Fotm 3048 9100 " � " ' __
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