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<br /> 'POGE'I'HER WITH aU the improvemeats now or hereafter erected on thc pmperty.and all easemeats.aPPurtenances,and . <• � . . . ,
<br /> fuwres aow or hereafter a part of Yha prnperty.All replacements and additions shall also be covered by this Securiay Instrumea�t � :r f`:�
<br /> ; All of the foregoing is referced w in tbis Seauity Insbcument as the"Pmperi.y." . .
<br /> BOItROWER COVFNANTS that Borrower is lawfulty seised of the estate hereby conveyed and has We right to graant and . ±i!
<br /> �. convey d�e Pmpeaty and that We Prope�ty is unencumhered,eacsePt for enaunbrances of record. Borrower waaants and will ` • . , ��._,
<br /> defeud genaally the title w the Property against all ciaims and demands.subject to any encumbrances of record.
<br /> • TFIIS SECURTI'Y INSTRIJ2ViEtdT combines unifarrn covenauts for national ose and non-uniform covenants with limited `� , . ..�
<br /> J��� variations by jurisdicrion w con�inuE a ur►iform secarity insaumr.atcov�ing rea!property. `- . --_ , -- .d�
<br />- UNffORM COVENANTS.Bonower and Lea�dea covz�ant and agree as follows: `'�,.,
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<br /> • � 1.Payment o f P r i ncip a l f s n d I n t e r e s t;P r ep a y m e n Y a n d L a t e C 6 a r g e v. B o r r a w e r shall prom P�Y P a Y �h� due the � �. • � , 5,,.�.
<br /> '`�� principal of and interest on the debt evide�ced by t he Note an d any grepayFnen t an d l a t e c h a r g e s d u e u n d e r t h e N o t e. _ .. ,�.�_
<br /> ' Z.Fuads 4or Taxes arcd Insusance. Subject tn applicable law or�o a written aaiver by Lendea, Borrower shall pay to . , ;�
<br /> Lender on the day monthly payments are due under the Moue,until the Note is paid in fu4 a sum("F�nds")for.(a)yearty ta�ces � • �
<br /> . and assessmeuts whic6 may ailain priorily ovea this Seauity Inst�ument as a lien on the Property:(b)YeaTly leasehold payments ' ,�.-.
<br /> or ground rents an tl�ProPertY,if any;(c)Ye�IY ha�d�P�F�Y insurance pre�iums:(�YeulY tlood insivance pmmiums,if ' . : . .`:f`�.." .
<br /> ` �Y'(e)Y�Y���e insivance pmaniums,if any,and(fj any sums payable by Borroaer to I.ender,in accordance with t6e . :: .:_:. .
<br /> � .:".r_�.-.
<br /> provisions of paragta�ph 8, in lieu of the payuieat of mortgage insurance premiums. These items are called "Esccow Items." '_;'�-�;,.-_—
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<br /> Le�dea may.ai anY t�e,coflect and ho2d Funds in an amount noi w eux,ed the maximnm amount a lender for a federally c�lated , ;,•�,..,„_.�__`..°—
<br /> � mastgage loan may reqeue for Bea�Fer's e�cow ao�ount ander the fedezal L��l Fstar.e Settlement Pmcr�r,�s Act of 1974 as ; .±
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<br /> .;� ameaded from time to t�r.',i2 U.�1'.;.S�tion 2G(!1 et seq- ("RfiSPA"),unf���er law t�t�plies�r�r�.�ds seds a lesser ' !
<br /> amu�t Ef:so,L�da e�gr, a:�.:�,coLect a�d hntd F�nds a�a 2� z��:�,2 to ex�._:`,� l�s:>a:..::.�-W.e. L�a��nay j"•. ���,z '�"' --
<br /> , . . es�:-��a�unt of Fa�cc3s�cro���asis ef c�r2�t data aaad�..^�a^.�..,.'�¢�2:es ol�t,.�,^,�r-„�c o�5.�:...-�F.���•�r��or •th j3 E�r ' ` �.�
<br /> 3s � asis �r F , r S n i � .
<br /> oenesa;�ia zsasr�r,e aith applicabi�laN. ' '�`��� �"` k '-
<br /> . . 71ie Funds stsaIl be�d in an msritation whoss��ts are insuned by a!�."al agency,u�s�nuae�t�,`:n9.cz eatii�(cs'.n�.g '� 76� ��.x:.
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<br /> � L,endea,if Leandea is snch an insti�tion)or in any�de�al Hnme Loan Baa's.i.�der shall appty the Fands to pay a►e�scsow ",',;�:.. . '�
<br /> � _.. ; Items.Leadca may nnt charSe Bormwer for hold'mg and applying the Funds.aunnaily analyzing the escrow aocaunt,ar v�B °-�'y
<br /> ; the Escxow Iteans.anless Lender pays Borrower intexest on the F�wds and appLrdble law pennits Lender to inake such a cf�rge. ��
<br /> f r an in deat real estate tax reportiag seavice used by . '."-�` ��- �
<br /> --.-I However.i.ender maY re4uae Boaouvea w pay a on�time cdarge o depen ,. ��w; _ .
<br /> •. icnder in vonnection with this loan,unless applicable law pmvides otheaarise.Unle�an agreement is made or applicable law . . x." ,. , �.s
<br /> requIIes int�est to be paid,Lender st�all not be require�to pay Bflnower aay intere.st or eamings on the Funds.Borcower and ` �. .. f, .; .
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<br /> � Lender may a�ree in wriring,howevea,tbat intexest st�all be paid on the Funds.Lender stiall give w Bomnwer.without chazBe,an •,:r, _.
<br /> . annual accounting of the Funds.showing ccedits end dehits ro the Funds and the piupose for which cach debit w the Funds was � ,.� , E
<br /> . made.'Ihe Funds are pledgc�d as addidns�al secariry for all sums secured by this Security Instrument '���, ��;
<br /> If the Funds held by Leader exceed ths sunounts permitted to be held bY apPlicub2e iaw.Lender shall account to Borrower for . �. �
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<br /> the exc�ess Funds in eccordance with thc rcquirements of uppflcabie taw.If the amount of the Funds helA by Lender at any dme is . �;�
<br /> .�.� . ; .s'-'
<br /> ' not sufffcient w pay tAe Escrow Itans when duo.L.ender may so noLifY Borrowcr in writing.su�d.tn such casa Soirower shall pay . _.._
<br />.' co Lenda the amount necessary w malce up�he deficiency. Borrower sbal! make up the deficiency in no mare t2ian ta+elve '�:' �,�:': t:::.
<br /> monttilY paymeats.at 1.e�d�r's sole discc�dan. ` .._
<br /> [lpon paytaent in fuU of sU sums secured by thls Security Instnuneaat,LeadeJ shall pmmptiy refund to Borrower any Funds - --
<br /> ,:�w.:�,,.:'�
<br /> held by L�eader.IP.mider para�aph 21.Lender shall acquue or sell the Propacy,I,ender,Drior w the acquisi6on or sale of the �,.����
<br /> ' Property.shall apply any Funds held by Lendea at the time of acquisition or sale as a csedit against the sums seaued bY th'ss : r;,•. ---
<br /> Seciuity Inst�umea� ��;�:��,:
<br /> s. 3.Applicatton af Paymenta Uniess apQlicable!aw provides otheiwise.all paymeat�received�iy Leuder Smder paragraphs ���.:---
<br /> � 1 aad 2 sha11 be apptied: fust.to anY PreDayment charges due und�the Note;secand,w amonntspayab�undpr paragraph 2; ���-• , .
<br /> � al du�aad last.to an latc es dae nndcx the Note. �~- -- —
<br /> thi�d,to intenest due:foarth,to D��P Y �8 _
<br /> � 4.Charges:Liens. 8orrower shaU pay all taxes.assessme�►ts,charges.fines and impositians a¢m'bntable�o the Ftopeaty ' - -
<br />" • . whic6 may auain yriariry over this Securily Inswment,and leasehold payments or ground rents,if any.Borrower shall pay these
<br /> � obHgations in the manner�rovided in para�aPt�2,or if not paid II►tbat manna•,Bomnwea shall pay them on time directly to the ��� ',� ._ ---
<br /> pe�son owed paymeiaL Botrower shall prompfly fumish to I�der all nodces o�'amoants to be paid under tLis paragrapb.If �:,�'�!"�
<br /> Horrowea malces these payments d'ueetIy.Bolrowea shall pmmptly famish tfl Lender zeceipts evidencing the paymenta �' ,:�• .
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<br /> Hotrowei shall promptly disct�atge any lien whkh has prlority over this Sec�ity Insuument unless Bmrowa:(a)agrees in 'p.��s,;;:.;::��`#.,� Q ;
<br /> ' wrinag to the payment of the obtigatifln sectued by the lien in a manne,r acceptable to 3.ender:(b)contests in good faitb the lien ,,;1���� .
<br /> � by. or defe�nds a��t enfon,ement of the lien in, legal pmceedings wtuch in the Lender's opinion opeaate w prevent the . �.. ;�- -
<br /> � enfaicement of the lien;or(c)seciues from the ho2der of the lien an ag�eem�at sa�isfatxory to I.ender subordinating the licn to . , �� . __
<br /> this Se�urity Insuumeai�.If Lendea detcsmines that any part of the Propeaty is subjea w a lien which may atiain priority over this • _. _—.
<br /> • � ge�iry Insornment,Lender may give Boirower a notice idendfying the lien.Borrower ahall satisfy the lien or take one or more � , � . �
<br /> � of the action9 set forth above aithin 10 days of the givfig of notice. , � . _ .
<br /> Fo�m 8028 �/�0 • . _-
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