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<br /> 7'OGEfEIER WITH all the improvements now or hereatter crecud on the property,and all easeanents,aFPurtenances,end f --
<br /> fixpues now or herenfter a parc of thc property.All replacemcnts and additions shall also be covered by this Security Innsuument i. � .
<br /> � j All of tt�c foregoin�is nefcrred to in this Security Insvtunent as the"Prope►tS+:' � _ -
<br /> aORROWER COYENpN�g �gorrawer�s lawfully sc�sed of the estaze hereby conveyed and has the right ro granc and
<br /> _. � convey the Proparty and that the Property '�c all claims and demandsf subjeci to anyce�nerunbrances of recow�warrants and will � , . - --- -
<br /> ;�� d e t e n d g e n a a t i y t h e t i t i c t o t h e P r o p e rt y a g a m s . .
<br /> TFIIS SECL'itTCY INSTRU�T combines uniform covenants for national use and non-un i form coveaan t s w i t h l i m i t e d � .
<br /> variations by jurisdiction to constitute a aniform scsurity insaument covering real property . . '
<br /> , UNIFORM COVENAN'TS•Boiroaer and Lender covenaut and agree as follows: m � a when due the � ��.` � Y
<br /> . � 1.F'ayment of L'riac6pal and Interest;Prepayment and Late Charges. Borrower shall pro p Y P Y . _
<br /> principal of and interest on the debt evidenced by the Note and any prepaymeat and late charges due under the Nore. `�f :.-'�`��
<br /> Z.Fands Por T�es and Insuraace. Subject to applicable law or to a written waiver by Lender, Borrower sha11 pay to � • • • • ,�,t�--r�:'
<br /> • L.ender on the day monthly payments are due under the Note,until the Note is paid in fu4 a sum("Funds")for.(a)yearly raxes ,';,;:..�•�-
<br /> leasehold a � ' �-�`
<br /> and assessmeats which may auam pnanty ovea this Security Insuument as a lien on tt�e Pragzrty;(b)Y�Y p� .;�:�,: '�. _
<br /> or ground rents on the Property,if anY•(�)Y��Y harard or prop�ty li�susance pz�niums,(cn ycarlY fload msus�nee premiums,if ':_.`���. :,�
<br /> • anY;(e)Year1Y�o��e u�surauce pre�mums.�f aay:�(��Y�Paya'r,l�by Eorrower to Lender,in aecardance witb the ,,,�„} �_
<br /> ptovisians of pacagiaph 8, in lieu of the payment of mortgage insurance pr�miums. "It�ese items are ra31e� "Escrow IGeans."
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<br /> ��r may.at any time,colle�t and hQ:�Funds in an amount not m exceed the maximum amou�t a teader for a federally related '.��, �
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<br /> m,ortgage loan may req�ire for Bonoa�'s escrow aaxount under the federal Real Estare Seute��nt Proce��es Act of 1974 as ,.. ":,���;� ..�,� _
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<br /> amended from time to ti�e, 12 U.S.C.Section 2601 et seq. ("RFSPA"),unless anather law that applies to t�z IFunds seu a lesser f;;:;i�.' ` �:�.��'�-;�;
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<br /> � amount If so, L.euder ca�y, at any tune,collect and hoW Funds in an amount noL to exceed the lesseu ainuimt I.ended may ' : �_
<br /> ` ,: estimate the amoanc of Funds due on t�z basis of cunent data and reasonable es6mates of eapendinires of future Escroa Itsms or ` _�;��:
<br /> othervvise in accordance with applirdb'_z law. , .
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<br /> 'Ihe Funds shall be held'n�an instimtion whose deposits are inswred by a fedaal agenry,���Y,or entity(mcluding � .�i'","-�
<br /> ���,�f L�nder is such an institution)or in any Fedesal Home Loan Bank.Lender shall apply the Funds to pay the Escrow E
<br /> ' the Funds,annuallY analYzinS the escrow accowu,or verifying `�_�:.; �i.
<br /> . ., I t e m s.L e n d e r m a y n o t c h a r g e Borrower for holding and applying '�s e ,-
<br /> the Escrow Items,ualess Lender�ays Sonower interest on the Funds au d app t i c a b le l aw p e m i i t�L e n d e r t o�a.'s e s u c d a c l�a r g e. • �. ,. . ; ,
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<br /> � Hawever,Lender may reclu'sre Borroc:er w pay a on�time charge for an independent real esta�tax regortmg seavice�d by . � � .
<br /> Lender in connection wid►this loan.�aPP� P � �-
<br /> hcable taw rovides otherwise.Unless an a��zna is made or applis;ab3e law " :�.�;.:,.;c'.'...
<br /> '� requires inserest to be paid,I.ender shari not 6e requuiicced to pay Bormwer anY i�t..-rest or ea�gs on the Fimds.Borrowza and - . ,4:. '1,
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<br /> Lender may agree in writing,however,that intcaest shall be paid on the Funds.L,�nct�r shall give to Borrawea,u�hont cdarge,an ;•�; 4; :... i :'
<br /> � annua!accounting af the Funds.showing credits and debits to the Funds and tlie purpose for which each debit to the Funds was , t ' - � '
<br /> � made.'Ihe Funds are pledged as additiotial security for all snm.s secured by this Secwity Insd�ument r�,� �.,� � �"`•ii .
<br /> =' �� 1f the Fun�s held by Lender cxceed the amounts pennit0ed to be held by applicabte law.Lenda shaU account io Bonower for `F,V r_,� � ` ._
<br /> the excess Funds in accordance with the requirements of applicable law.If the amount of the Funds held by Lender at any time is �..i;.t:tX � K; ._
<br /> �ot sufficient to pay the F_scrow Items wheo due,Lendea may so notity Bomower in writin8,and,in such case Barrower shall pay ''-.�
<br /> to Lendea the amount necessary tn make aP the defic►ency B°nOwer shall make up the deficiency in no more than twelve • � :r
<br /> . Ynonthly payments,at Lender's sole discretion. �,F. '�•�"�'��.-' - -
<br /> . , Upon payment in!'uU of all sums secured by this Serauit}+Ins�ment,Lende�shall prompdy refund to Boaower any Funds s�'��,�}?' '�,�.'. ` -�,:-- .
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<br /> . held by Lender.If,under patagraPt�21,Lender shall ac9uire or sell the Property,Lender,Prior m the acquisitinn or sale of the -��� ' ��,,,�,:,_,''-'
<br /> • property,shall apply as►y Funds held by Leaider at the time of acq�isition or sale as a credit against ihe sams secured bY this ���<_«- ". - ,_
<br /> . Security Insuumea� • . -� '`
<br /> 3.Applicatton of Payments. U:iless applicable law provides otherwise,aU payments received by Lender uader pazagaphs _..:�.;.;;:_.
<br /> 1 and 2 shall be applied: fust,to a�y prepayment charges due under the Note:secand.to aino�mts payable�ucder pa�agraPh 2: .�Sr�::"�"�'r.,�'
<br /> ' �hird,w interest due:fourth.to piincipal due:and 1ast,to any late charges due under the Note. - �"...�': .
<br /> . 4.Cha�ges►Ltens. Bo�rower shall pay all taxes,assessments,charges, fines and imposi6ons atuibutable to the Praperty ,:.r�y ��.._ `
<br /> . . w h i c h m a y a tt a i n Priori t y over this Secnrity Insnvment,and leasehold payments or groun d ren t s,i f a n y.Borrower shall p ay these �.',�`:.'.,,'-; �•,.`_ `
<br /> ' obligations in the manner provided in paragraPh 2,or if noi paid in that manner,Borrower shall pay t hem on rims d i r e,c dy t o t h e •;,;,,:;H.�..
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<br /> �r, person owed payment Boimwea sst��al1 prompdy fumish to I.ender all notices of amounts co be paitl undea this Pa�a�P�•If . ,,,_y;.: .. .
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<br /> B o r r ower makes these p a}+menis dsec�iY,Borrower shall prompily fumisl�w I.ender receipts evidencing the payments. • ` . v'
<br /> Borrower shall g�aptly discharge atry lien which has priority over ihis 5ecurity InsGn�ment unless Borrower: (a)agreQS in . ', ,.,.
<br /> �vriting w ttte payme�t of the obli�ion securerl by the lien in a manner acceptable to Lender:@)contests in Sood faith thE lien �.: • . :
<br /> by, or defends against cnforcem�t of the lien in. legal praceedin8s wb+ch in the Lender's opinion operate co prevent the
<br /> � enforcement of the lien;or(c)sec�es from the holder of We�sn an a�eement satisfactory to L.ender snbordinaYing th�lien to
<br /> � � . thi,y gecwity Instrumen�If Lender�ermines that any part of t:�.�roperty is subject w a Ei�which may attain priority ovas Ihis ,
<br /> �_ � Security Instnunent,Lender may give Bamower a notice idendfyr g the lien.Borrower sha:]satisfy the lien or take one or mote � �
<br /> of the acdons sec fortPi above withm 10 days of[h�g�ving of notice. Foim 8o2tt 9/9s � � � `' —
<br /> �•6r�(NEjtez�zl.o� Pag3?o18 ims�aio: .. - . _ . _
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