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<br /> TOGETHER WITFI all the improvcmcnts now or hereafter erected on tlie propeny, and all easemencs,appurtenances,and � •
<br /> fixtures now ar hereafter a part of thc propeny. All replacements and additiuns shall also be covered by this Security .
<br /> Instrument. All af the forcgafng is refcrrcd ta in this Securiry Instrument as the "Propeny." .. ����•
<br /> •• BORROW�R COV�NANTS that Borrowcr is lawfully seised of the estate hereby convcyed and has �hc right to grant and .
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<br /> � " convcy thc Prapeny �u►d that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will ,,,;��, ,i_,.;,;. �
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<br /> defend�enerally the tide to the Praperty agninst all claims and demands,subject to any encumbrances of rewrd. ' ,;h'',,1-.•.' "�,:. _
<br /> TH[S SECURlTY INSTRUMENT combines unifortn covenunts for national use and non-uniform covenants with limited Y;,,;_-r.��;ar.,;�,�._
<br /> variations by jurisdiction to canstitute 1 uniform security instrument covering real property. � _,;�4.''�'�"
<br /> UNIFORM COVBNANTS. Bonowcr and L.cnder covenant and agree as follows: ` .��;:�_� -
<br /> 1. Pnyment of Princlpal and Inter�ct; Prepayment and Late Charges. Borrower shall promptly pay when due the
<br /> principal of and interest on the debt evldenced by the Note and any prepayment and late charges due under the Note. • �.�-_-
<br /> 2.Funds Wr Taxes and lnsurunce. Subject to applicable law or to a written waiver by I.ender, Borrower shall pay to •�_,u-
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<br /> I.ender on the day mouthly paymcnts.ue due undcr thc Note,untii the Note is paid in full,a sum("Funds")for:(a)yearly taxes :=-,�.�;,, _-
<br /> earl leasehold a ments `'�`��.:
<br /> and assessments which may attain priority over this Secudty Instrument as a lien on the Property;(bj y y p Y -
<br /> or ground rents ou the�roperty,if nny:(c)yearly hazsud or progeny insurance premiums;(d)yearly flood insurance premiums, ,�- Y;�.
<br /> ff any;te) yearly mortgage tnsurunce premlttms, if any;and(� any sums payable by Borrower to Lender,in accordance with ,;.� +;�_
<br /> the provisions of parngraph 8, in lieu of[he payment of moregage insurance premiums. These itams are called'Escrow Items." �_-
<br /> ; i L.ender may,at any time, collect and hold Funds in an amount not to exceed the mauimum amount a lender for a federally
<br /> �.i related morcgase loan may require for Borrower's escrow nccount under the federal Real Estate Setdement Procedures Act of •.'�1��`
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<br /> + 1974 as amended from timc to time, l2 U.S.C. Scction 2601 et seq. ("RESPA'), unless another law that applies to the Funds y��.
<br /> �� sets a lesser amount. If so, Lendcr muy, at uny timc. coUcct and hold Funds in an amount not to exceed the lesser amount. . 4s
<br /> ` Lendcr may estimate the amount of Fund,duc on the basis of current data and reasonable estimates of expenditures of future t.�%�
<br /> � Escruw Items or othenvise in accordanee with applicnble law. '�
<br /> � The Funds shall be hcld in an institution whosc dcposits are insured by a federal agency, tnstrumentality, or entity �s
<br /> ' (tncludine Lender, if Lender[s such an institutian)or in any Federal Home Loan Bank. Lender shall apply the Funds to pay the �p:,__
<br /> � � Escrow Items. Lender may not charge Bonower for holding nnd applying the Funds,annually anaiyzing che escrow acwuni,o� -_
<br /> .� vedfying the Escrow Items,unless Lender puys Barrower intcrest on the Funds and applicable law permits Lender ta make such �__�
<br /> •�* a chazge. Hawever,Lender may require Borrower to pay a one-time charge for an independent real estace tax reporting service �,��,_���_
<br /> � used by L.ender in connection with this loan, unlcss applicable luw provides otherwise. Unless an agreement is made ar ,__
<br /> ,y applicable law requlres interest to bc paid, I..endcr shall not bc rcquired to pay Bonower any interest or eamings on t he Funds. � � .y:.-
<br /> '� Bonower and l.ender may agrcc in writing, howevrr. that interest shall bc paid on the Funds. I.ender shall give to Borrower, ;.��`:.:..
<br /> �� without charge, an nnnual accounting of[he Funds, showing credits and debits to the Funds and the purpose for which each �:�; �.�,_
<br /> p� debit to the Funds wns mnde.The Funds:►re pledged as additionnl securicy for all sums secured by this Secudty Instrument.
<br /> '�'� If the Funds held by Lender exceed the amaunts {xrmitted to be held by applicable law, L.ender shall account to Borrower -
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<br /> A�, for the excess Funds in nccordance with the requircments of applicable law. If the amount of the Funds held by I.ender at any - -
<br /> ';� time is not suffictent to pay the E�crow Items when due,l.ender may so notify Borrower in writing,and.in such case Borrower �
<br /> shall pay to L.ender the amount necessary to make up the deficicncy. Bonower shall make up the deficirncy in no more than �
<br /> ''� tweive monthly payments,at Lendcr's sole di�cretion. _
<br />- �` Upon payment in fult of all sums secured by this Security Instrument. l.ender shall promptly refund to Borrower any
<br /> � * Funds hetd by Lender. If,under p:�ragraph 2l, Lcndcr shnil acyuirc or sell the Property, Lender,prior to�he acquisition or sale J--�—
<br /> � qf the Property,shall apply any Funds hcld by l.c:ndcr at the timc of acquisitton or sale as a credit against the sums secured by =_
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<br /> � this 5ecuriry Instrument. :��;°
<br /> 3.Applicatton of Puyments.Unlcss applicablc law providcs othcrwise, all payments received by Lender under paragraphs ' <<;--�-
<br /> 1 and 2 shall be app(led: first,to any prepayment ch:irgcs due undcr the Note;second, to amounts payable under paragraph 2; _ _
<br />_ ' third,ro interest due;founh, ro principal duc:and last,io.u�y latc charges due under the Note. �'.�.�.:--
<br /> 4.Cha es; Liens. Borrowcr sliall a all taxcs,assessmcnts, chargcs, Cines and Impositions attributablc to the Property •:�,.,.. ���:-
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<br /> ; which may attain priority over this Security Instrument, :md Irnsehold payments or ground rents, if any. Borrower shall pay �..
<br /> these obligations in the manncr providcd in par:►graph 2,or if not paid in that manner, Bonower shall pay them on time directly �� .�
<br /> : to thc person owed puymcnt. Borrower shall promptly furnish tu l.ender all notices of amounts to be paid under this paragraph. � ��.�:��'��� �"'""
<br /> ' If Bonower makes these payments direcdy,Borrowcr shall prompdy furnish to Lender rcceipts evidencing the payments. � •�'�,�,eN��;�'. . � �
<br /> i Bonower shall prompUy disch.agc any licn which has priuriry over this Security Instrument unless Borrower:(a)agrees in � : Z�`.�.---`
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<br /> � writing to the payment of the obligation sccured by che licn in a mnnncr acceptablc to Lender; (b)contests in good faith the lien
<br /> by, or defcnds against enforccmcnt af thc licn in, Icgal prucccdinHs which in thc Lender's opinion operatc to prevent the:
<br /> ' enforcemcnt of thc licn;or(c)sccures from thc holdrr of thc licn au a�;rrcmcnt s;jtisfactory to Lender subordinatin�the lien to
<br /> this Security Instrument. If I..�:ndcr determines that any part uf the Pruperry is subject to a lien which rnay auain priority over
<br /> , this Sccuriry Instrumcnt, l.ender may givc Borr�iwer a nuticc idrntifyin�;thc licn. Burrower shall satisfy ihe licn or take one or
<br /> � more of the actions sct forth above within 10 days uf thc givin�uf tiotirc.
<br /> ' Y Form 30 9190
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