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<br /> � � 'PO(iE7'HSR WITH aU the im ravcmcnts now an c�re.�fter r,rected on the properiy,and all casemcnts,appurtenanccs,and . �y`�.`
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<br /> , fixwres now an c�reafter a part of the property.All rcplacements and eddidons shall also be covered by this Security InstrumcnG �,;,-,.��+�
<br /> AU of thc forcgoing ls refe.rred.w in this Sccurity Instrument as the"Property." .n�____
<br /> • IIORROWLR COVENAN3'S that Bortower is lawfully seLscd of the estate hereby conveycd end has the right to�rant and ° -___
<br /> � , convey the Property and that the Property Is unencumbered, except for encumbrances of record.Borrower warrants and �vill rW`v
<br /> �, defend generally the dde to the Properry agalnst ell clainis and demands,subject w any encumbrances of record. ��;.!;-��+,� _
<br /> THIS SECURI'TY INSTRUIu�Nf combines uniform covenants for nadonal use and non-uniform covenants �vith limited - `���•��•-_—
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<br /> variadons by jurisdicdon to consewte a uniform securiry insuument covering real property. �ir''�,�'�-�"
<br /> [JN�ORM COVENANTS.Borrower pnd I.ender covcnant and agree as foUowa: � ,��'�:�`��`l��•���
<br /> `-r 'LIII!'t.c�re,—
<br /> � 1.Payment of Principal and Interesh,Prepayment and Late Charges. Boaower shall prompdy pay when due the ,.,�3;.
<br /> principal of and intarest on the debt evidenced by the Note and eny prepayment and late charges due under the Note.
<br /> . 2.Funds for Tiuces And Insurance. Subject to applicable law or to a written waiver by I.ender, Borrowcr shall pay w
<br /> I.ender on the day monthly payments are due under the Note,untll the Note is paid in full,a sum("Fnnds")for:(a)yearly taxes .
<br /> end asscssmcnts which may auain priority over this Security Instrument s�.s a lien on the Praperty;@)ycarly le�sehold payments � �;��' �' --
<br /> or ground rents on the 1'roperty.if any;(c)yearly hazard or propeny insurance premiums;(d)yearly flood insurance premiums,if `�`'��� �-i
<br /> any;(e)yearl�mortgage insuranca premiums. if nny;and(�any sums payable by Borrower to I.ender,in accordance with the _
<br /> 'S provisions of paragraph 8,in lieu of the payment of mortgage insurnnce premiums. 'It�ese items are called "Escrow Itenns." „':�•,. `.
<br /> Lender may,at sny bme,colle�t end hold Funds in an amonnt not to exceed ihe maximum amount a lender for A federaUy related ��r��'
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<br /> mortgage loan may reyuire for Barnower's esr,mw sccount�nder the federal Real Estate SeWement Procedures Act of 1974 as '-'`'::�_a
<br /> amended from t�me to dme,12 U.S.C.Secdan 2601 et seq. ("YtBSPA"),unlcss another law that applies to the Funds se�s u lesser ,;;�;.�
<br /> ;''.; nmounG If so,Lender may,at any time,collect and hold Funds in an amount not to exceed the lesser amoun�. Lender may ,.-.��i
<br /> estlmatc the amount of Funds due on the basis of current data and reasoneble estimates of expendiwres of future Fscrow Items or � ���
<br /> 15�11:n.Cf�l'�19�_-.
<br /> "�, otherwise in accordance with appAcable law. '`'}'�F �-
<br /> �� ' 'Ilie Ftinds shall be he2d in an insHtution whose deposits are insured by a federal agency,instrumentality,or endty(including l+ . f4�_
<br />_-----_ - L.t.tldCS.ff Let:aa•L�u:ts ar. i.�:�rits:sien)ar ir. any F�-!Ho�nP T nan $a►�ir, 1.�.n�ir_.r ahall annly the Fundc t,o nay lha flsCrow •�•�;,J o-
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<br /> Items.Lender may not charge Horrower for holding and applying the Funds,annuaUy analyzing the escrow account,or verifying 1
<br /> ' � "'�� the Escrow Items,unless Lender pays�orrower interest on the Futtds and applicable law permits Lender to make such a cherge. :�:'�s S � �
<br /> � However,Lender ma r uire Borrawer to a a une-time char e for an inde dent real estate tax re rtin sorvice used b ',:'`(;;'� ••�: �
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<br /> � Lender in conncction with this loan,unIess applicable law provides otherwise. Unless en agreement is made or appllcabla law -
<br /> requlres interest to bc paid,Lender shall not be requlred w pay Boaower eny interest or eamin�s on the Funds.Borrower and �
<br /> � Lender may agree in writing,however,that interest shall be paid an the Funds.Lender shall give to Borrower,wlthout chargc.en �"
<br /> i nnnual eccounting of tho Funds,showing credits and debits to the Funds ar.d the purpose for which each debit w the Funds was 3
<br /> i made.'tlie Funds ara pledged as eddidonal security for all sums secured by this Security Instrument ��
<br /> If 1ho Funds held by I.ender exuxd ihe amounts peimiued to be held by appllcable law.I.ender ahall account to Bomower for
<br /> �' the eacess Funds in accordance with the requinments of eppllcable law.If the amount of the Funds held by Lender nt eny dma is -
<br /> ' . . �� not sufficient w pay the Escrow Itcros when duc,Lendcr may so notify Sonower in wrldng,and.in such case Barrowcr shall pay
<br /> to L,endu the amount nc�cessary to make up the deficiency. Borrowu shall mare up the deficiency in no more than twelve �--
<br /> - monthly payments.at Lender's sole discrction. �
<br />- Upon payment!n full of all sums securod by thLs Sacurity Instrument,Lender shaU prompdy refund to Borrower eny Funds =
<br />= held by I.ender.If,uncler puagraph 21,Lender shall acquire or sell the ProRerty,Lender.prior W thc acquisition or saIIc of the
<br /> • Property,shall apply any Funds held by Lender et the time of acquisition or sale as a credit agalnst the sums secured by thls _
<br /> � Security Instrument ;�:
<br /> 3.Applicittbn of PAymenta Unless applicabie law provides otherwise,all paymcnts roceivcd by Lender under paragr�phs = __
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<br /> ' 1 and 2 shall be applled: fust, to nny prcpayment charges due under the Note; second,to amounts payable under paregreph 2; a
<br />_ „ third.to int�erest due;fowth,to principal due;and last,to any late charges due undei the Note. �--
<br /> •� 4.Chprges�Lkns. Barower shall pay all taxes,assessments,charges, fines and impositians attributable to th� Property - -
<br /> • whkh may ausin priority over th3s Securlty Insuument,and leaschold payment�or ground rents.if any.aoirower shall pay these • �`-"`=
<br /> •- � � oUllgadons in the manner provided in paragn+ph 2,or if noi paid in that manner,Bocrower shall pay them on time direcdy to the �-=�----� �'---
<br /> J r� persan owed payment Boirowcr shall prompdy furnish to Lcnder aU nopces of amounts to be paid under this para�raph.If ° '�""=`t=�=��-=-
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<br /> Bomowe�makes thescs payments dinecdy,Bomowcr ahall prompdy fumish w Lender rec:eipts evidencing thc payments. :�::°r::;a��.�i}�:?�
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<br /> �1�,.� Bolrower shsill prompUy discharga any H�whtch has priority ovcr this Security Instrument unless Boaowcr: (a)agrces in ,�;:��-'::,�:��..
<br /> wrlpn to the a ment of the obli don secured b the lien in a manner acce table to Lender;(b)oontests in ood faith ihe lien � ``�,' �r�'
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<br /> by, or dcfends egainst enforcement of the Gen in, legal pr�cecdings which in the Lender's opinion opernte to prevcnt the • 1;�;�::•;���;„
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<br /> enforcement of the lien;or(c) sccures from the holder of ti�e lien an agreement sadsfactory to Lender subordinnting the Gen to , � % '-, -: .
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<br /> this Security Instrument If Lender deteimines that any ptut of the Property is subject to a lien which may attain prioriry over this •
<br /> Securiry Instrument,Lender may give Barrower a notice identifying tha lien.Borrower shell satisfy the licn or take one or more � ' •��~�
<br /> of the actions set forth above within 10 days of the giving of notice. •
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