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<br /> .. � � TOGB fHER Vffi'I'H all the impiavemeats naw or he�fter erected on the groperty.and all easements,aPPurtenances.and . � .
<br /> .� . Saaues now or herea�er a part af the pmpertq. All m,ptacements and addidoas shall also be caveted by this Secarity . .. . '
<br /> _. . Insttament.All of the foregoing is refeued w in this Sewrity Insn�ument as the'PraP�Y•" � , • .
<br /> ` . BORROWBR COVENANTS tbai Bor�axrer is lawfiilly seised of the es�te hereby comreyed and has the right w gtant aad�
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<br /> _ comey the Pmperty sud that the Property is nnenc�mbered,excePt for encumbrances of record. Borrower�ven-ants and w3ll f � : • �
<br />_ t� defend ge�ally the dfle to dte Property agaiaSt all claims and demands.sabjezt to any encumbrances of tecord. t ;. . ,._. �
<br /> —_ — THIS SECi7RPTY INSTRUMENT contiric�es nnifoffi covenants for national nse and nnn-unifoim covenants with limite� .
<br /> � — „� �•
<br /> _ . variations by jurisdicxion to consatate a aaifoan secarity insaumeni covering reai pmperty. �+ 7,:. .. .
<br />- . LTNIFORM COVENANTS.Bormwer and Lender cavenani and agme as follmvs: � � �
<br /> � 1. Payatend of Prindgal and Interest; PmPaymeat and Late Charges. Bormarer s�all pmmP�Y PaY when dne the� . . _. .; �
<br />_ .. • " p ri n c i p a l of and interest on d�e debt evidenced by the Note and aay PrepaymeIIt and late charges due under the Note. � _ - °.,�;:'.'`
<br /> .. 2. FEmmds for Tas�aad Inyvrance. Snbject w applicab3e law or to a wriuen waiver by Lender, Boaower shaIl pay w :�5 ';-:
<br /> ;„ � ' Lender nn the day montblY PaYments aie due ander the No�,uniil the Note is paid'm fnll,a s�('F�ds')foi:(a�yearlq taxes ,�.�
<br />?;� _ _ � and asses�enLs which may attain priority over t6is Security Ir�uament as a lien on the Pmperty:(b)YearlY 2easeho2d payments . � _ ',•F.,.-
<br />:'� . • � or gmund rents on the Praperty,if anY:(c)Yearly ha�rd or property insurance premi�s:(en Y+�dY flood�sw�ss=pnemiams, "t�� . ;`�;,
<br /> . . . . if any;(e)Y�Y��Se imSOrance premfnms.if anY;aad.(�anY sams Payabte by Bomnwer w Lsnder,in accordance with ;- ,,� ::���F
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<br />- '� . � the provisions of pazagraph 8,in Heu of the payment of awrtgage insaiance p�+emiams.'Phese items aze calied"Escrow Items.' , . `�'--�
<br /> ` L�endec may,at any time,collect and hotd Funds in an amo�t not w exceed the maxim�amount a lender for a fedaally ,
<br /> °�' ' • �. �� ", related mortgage loan may reqaiie for Boaower's escrow accoant under the federal Real Bs�tate Seulement Procedures Ast of
<br /> ;:.�•:° � � 1974 as amended fmm time to dme, 12 U.S.C.Section 2601 et seq.('RESPA'),unless anather law tbat applies w the Faads � � . -_
<br /> ��,:� •� _...'; sets a lesser amo�t. If so, I.ender may.ai aaY time,cQUe�t and hold Funds in an amonnt nat to exceed the Iesser amonnc. � . _
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<br />- � �"-�; Lender may e�mate the amrnmt of Funds due nn the basis of curient data and reasonable estimates of expenditare.s of fataie ,., - --
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<br /> � ' Fscmw I�.-ss or otherwise in accordance with applicable law. :�°,�_���
<br /> `•; �r:�' The Funds sl�all be hetd in an insbitation whose deposts are ia�ued by a fedeial aSencY, instrumentali�Y, or entity
<br /> :,:--
<br /> • . . {�nctuding I.ender,if Lender is such an institution)or in any Federal Home Loan Bank.I.ender shall apply the Fands to pay the •�Y•�---
<br /> . . . Esctow Items.Lender may nat charge Bormwer for�oiding aud applyiag the Ft�nds,aanflallq analyzing the escrow accaunt.or _... �x��
<br /> , J.�` vezifpia�g t1�e Escrow Items.tmless Ixnder paqs Borrower intemst on the Funds and applicab2e law permits L.ender to ma1�sach �;°-��`
<br /> ` � . . . a charge.However,I.ender may tequiie Borrower to pay a one-time charge foz an indepenc4�at real estaie tax ieporting service -,���
<br /> used by Lender in connecpoa with this loan, unless applirabfe law provides othetwise. Unless an agm,ement is made or T`�_,.T-��
<br /> ?.��; ..,. . applic�ble law reqni�es interest to bs paid,Lender shall not be required w pay Borrower anY interest or eamings on the Punds. , . :T�,
<br />�:`.; � , � � Borroarer and Lender may agree in wridng.howevez, d�at inserest sbaU be paid on the Fonds. Lender sbaU gnrs W Boaower. . >�?'aV.
<br /> . withont cbarge, an annual acconnting of the Funds, shoaring credits and debits to the Funds and the pnrpose for which each . i '�'
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<br /> +.;:� > debit to the Fands was made.The Fonds are pledged as additioaal secarity for aU s�ns s�by this Secnrity IasuamenG . .. ..
<br /> ' , . � If ti�Faads held by i.ender excxed the amoants permitted co be hetd by applicable law.I.ender shall acconnt to Bouower '` "� .`�
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<br />� �``-. - � ? � for the�cess Funds ia accordance with the reqw�nents of applicable law. If the amount of the Funds held by I,ender at any 1_=
<br /> � ` ��`� dme is nnt safficient to pay the Escrow Items when due,Lender may so notify Borrower in writing,and,in snch case Boxrawer . • �. .'�
<br /> ',`r � .� shall PaY to Lender the amonnt necessuy w make up the deficiency. Borrower shalt make up the deficiency ia no mors tl�aan . . ,� ;f w-
<br /> ° ' tweive monthly payments.at L.ender's sole discredon ,'"•'` '� :
<br /> .;:'��� ��. ' ,�� Upon payment ia fnri of all sums secured by this Securiry Insuument, Lender shall pmsppdy�fand to Bormwer any � . .� .;~�''`�`''
<br /> '�• - - - —
<br /> . Funds held by Lender.If,�nder paragraph 21,Lender shall acquire or sell the Property,Lender,prior m the acquisdon or sale - _
<br /> . � of the Pmpemy,sbaU applq a�r Funds held by Lender at the time of acqnisidon or sale as a cmdit against the sums secured by . _ �'�',zF-:-
<br /> �.���� . . tbisSewrity Instrumeni. '. . , , • 1-��„-,
<br />- ' "� 3.A 13cation of Pa ents.Ua�Iless applIcable law rovides otheiwise,all payments reteived by Lender nnder paiagsaphs �.' "'�`
<br /> PP Ym P .� •� ; :--
<br /> ',;:ti ��� - �� 1 and 2 shall be applied:first,to any prepayment charges due under the Note;secoad,w amounts payable under parapaph 2: � ;
<br />:_�,,; : ' � third,to interest due;faurth.fo principal due:and last.w any late chazges due under the Note.
<br /> 4.Chargesi L3env.Bortower sball pay all taxes,assessments,charges. fiaes and impositions attn'butable to the Propert}r
<br /> � which maq attain priority over this Seauity/nstrument,and leasehold payments or ground rents,if aay. Bosower s�aU pay � � . _
<br />'• �:. . � these obligations in the manner provided in paragraph 2,or if not paid in that manner,Bortower sbaU pay ttiem oa time directty .�
<br /> •'`' to the person owed paymeat.Borrower shall prompdy fumish to Lender a11 noqces of�noimts w be paid under this parag�aPh• . :`.
<br /> , - lf Boirower makes tbese payments directly.Boaower shall prompdy fumish to Lender receipts evidencing We payments. • • , .
<br />, ' � • Borrower shall promptly discharge any lien which Las priority over this Security lastrument aatess Bosrower:(a)agrees in . , .....
<br /> writing to the payment of the obligation secured by the lien in a manner acceptab2e to Lender;(6)contests in good faith the lien . . , .
<br /> :: y ! by, or defends against enfnrcement of the lien in. legal proceediags wtuch in the Lender's opinion operate to prevent the . .
<br /> - enforcement of the lien;or(c)secures from the holder of the lien an aKreement satisfactory to Lender subordinating ttte lien to
<br /> � � � this Security]nsuument. If Lender detertnines d�at any pan of the Property is subject to a lien which may attain ptio�lry over ' -
<br /> this Security lnstrament,Lender may grve Borrower a notice idendfying the lien. Bonower shall sadsfy the lien or tatce one or . ' :
<br /> ' � � more of the acdons set forth abwe within 10 days of the giving of notice. � , � .
<br /> . � � Form 30 9�/90�o .
<br /> . . I ���6RlNE)taz���.o� vaye s of e �nu K�
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