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<br /> } • . .t�• ,j,pG�,�t WIT[i all the improvements now or heteafter e�ected on the pmpe�tY.and all easetnents,aPPurtenances. . •; :.�.,':�_,
<br /> , . . , and fixturas now or h e�r a�mcc of ihe pm perty P►11 cePlacements and additions shaU also be cove�d by dus Security �•�. �' .
<br />- .: .. ��- I nstrumen� A ll o f t h e f o t e g o i n g i s t e f e c r e d to in this Security Instrument as the"Property.° , , �, ...
<br /> • r -=""'"�' BORROWER COVENA1u7'S that Ban°wer is lawfully seised of the�.state hereby convey e d an d h a s t he ri g h t t o�a n t ,
<br /> ;_ - except for encumbrances of record. Horrower wastanu and ,,i '` �
<br /> � . and convey the Propercy a n d that the P r a p e c t y is um:nc�d• �---
<br /> : ., '�-�'�, w71 defead geaerallY the tide to the PcopertY a8a�ns�all claims aud demauds.subject to any encum b r a uces o f ruord . .. .
<br /> • . . . THiS SECIJRTTY INSTR[iNNiEN'f comhiaes tmifo=m covenants for naticmal use and non-uniform covennnts with � �,�_.�:.
<br /> TH a nnifosm securiry inswment covering�ea1 proPerty. � ,
<br /> � ' �� limited variations by jurisdiction w constiwte as follows: ,j�� . ,
<br />�'; ' `,•. 1TI�iIFQRMCOVENANfS. BacmwerandLendercoveffintandagcee a whenduethe �,-,t..,,. .. =::. �.°
<br /> a n d I n t e r e�P a e g a J+m�t a n d Late C h a r g e�- Borrowu shall promptlY P Y r:, :.t,. �.•
<br /> . ` 1. Faymeat o Y P r t n d p a l t and late charSes due�nder t he Note. � {
<br /> � .;,. :1 principal of and in�an ti�debt evideaced b7+the Note 1�Ie law opr�'tten waiver by Lender.Bormwer shaU paY to a�: .-
<br />- • Z. Funds for'11�x�and Iaguranc� 5ubject to app� . -�-�
<br /> `. a nts are dne under the Note.until the Note is paId in full.a sum("�unds")f�or.la�seh�Otd ; •,...�•` -��`f
<br /> ' Lxnder oa the day montHlY P Y�
<br /> .<= taxes and assessments which may attain�mori1Y over tbis Secmity Instrament as a lien on the Pr�operty;(b)Y Y
<br /> if any; (c) Year1Y �rd or PnoFeRY insarance p�+e�uums; (d) Ye�1Y flO°d -
<br /> . � � p a y m ents ar g round rents on the Property, � ��y��d(��►Y �P a N able by Borrower to •
<br /> _ • ���'Y insurance piemiams.if any; (e)Year1Y m4rtgaSe msuiance pse�u
<br /> � ' Lender,in accordance with�p Lender ma .a�an�y ame,collect and ho d Fun�t n an a�mount no t to eceed the maximum --
<br /> - . ' ` items are called"Fscrow Items Y • _ _
<br /> Y'r` ' � ' amount a tender for a federally reiated mortgage toan may reqwre for Borrower's esctow account under the federal Re�l - -.
<br /> � . .. ``;;R:`. Fstate SeWement Procedntes Act of 1974 as a�nended from tinee to tisne.12 U.S.C.§2601 et seq.("RFSPA"),unless another ,._;�',_,
<br /> " . ��-�=: taw that applies to the Funds sets a lesser amount If so,Lender may,at any time,couect and hold Funds in ar►amount aoi to •.-_�j "�
<br /> � exceed the lesser amoun� Lender maY est�� �e�1O1nt of Funds dus on the basis of current data and reasonab2e ��.
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<br /> _ . . estimates of expendivaes of futuie Escrow Items or otherwise in accordauce withapp�tal agency.insutunentality.or entity �
<br /> The F�mds shall be held in an instituuon whose deposits are insnred bY
<br /> `�f• • includin l.ender.if I.ender is sucb an institution)or in aay Federal Home Loan���n��y p��ng���°�w , �F����_�-
<br /> - ( 8 not char e Borrower Coc hulding and aPP l+�g _.n<Q._
<br /> ,- ` �` the Escc+nw Items. Leader may 8 .. T; _.
<br /> - account,or vcrifying the Escrow Items, onless I.endet pays Borrower utteiesc on the Funds and app&cable taar pertniu ; , ._ `` �
<br /> � I.ender to m a k e suc h a ch a r ge. However,Lender may re9uire Bo�ower w paY��b�m�a�des o t h r�w�s�e e Unle�� ��..:-.
<br /> � estate tax repa rt i n g s e rv i c e u s e d b y L e n d e r i n connecxion with this loan,unless app' P . .. � ..-�---
<br /> Borrower interest or `__
<br /> a agreement is made or applicabte taw requins interest to bn w�n'tin ,however.that nter�es[shall be paid on the Funds. L�nder s. _
<br /> ' � -' eamings on ihe Funds• Earrower and l.ender may agree� . S
<br /> , , shall give to Borrower,arithout the Funds was macte. 7'henFunds ar pl ged as addiiional security for all sums secured 6y , _YR
<br /> � � purpose for which each debit to �'_
<br /> this Security Inshument
<br /> If the Funds held by Lender exceed the amounts permittcd to be held by applicable law,Lender shall account w s -
<br /> • Borrower for the excess Funds in accordance with the requirements of app��I�ay sot otify Borrower in waa g,hand.b� . ' ��
<br /> � . Lender at any wne is not sufficie�n w paY the Escc°w Items when due. ,—,_
<br /> ' � such case Borrower shaU pay to Lender the amount necessary to make�p the deficiency. Bocrower shall make ap the �
<br /> � et�ts.at Lender's sole discretion. • ��s
<br />_,: • - deficiency in no more than twelve monthly paym refund W Borrower any . :`:"'a;:
<br /> . �. Upon payment in full of a11 sums secured by this SecuritY Insuvment.Lender shall pmrapdy�orto the a uisition or � . �#
<br /> � Funds held by l,ender• If.under ParaB�Ph 21.Lender shall acquice or sell the Property.i.cnder.p �! _
<br /> ��,� � � sate of the Property.shall apply any Funds held by l.ender at the time of acquisition or sale as a credit against the sum4 -
<br /> '� ' ' ' ?, secured by this Securiry InsuumenG :,:. ;-:'=-
<br /> � .. .. 3. App all paymenu received by Lender under
<br />'�.: � � ]icattoa of Peyments. Unless applicable law provides otherwise,
<br />;;:.,• � • paragraphs 1 and 2 shall be applied:firsb to any prepay��t charges due under the Note:second to amounts payable under :=-��..�
<br /> . • p�a�r a p h 2;t h i r d,m i n t e r est due;fowih,to princ�pal due;and last,to any late charges due under the Note. ;' :;
<br />:'._�'�°• . _ �, ��r�s;Liens. Borrower shall pay all taxes. assessm e n t s.c h a r g e s, t 7 n e s a n d i m p o s i u o n s a tt r i b uta Borrow r - , - _.
<br /> .� Property which may attain priority over this Security Inswment,and leasehold payments or ground re�.if any. •_
<br /> �• �. . shall pay these obligerson wed a ment�Honowewer shall prompdy fumi h po Lendereail no nces of amounts to bpe p d under "' .�'.
<br /> •'` • t i m e d i r e c t l y c o t h e P p y ents di r e c t l B o r ro w e r s h a l l p r o m p t l y f u rn i s h t o L e n d e r recei pts evidencing , :
<br /> . ' • this paragraph. If Borrower makes these paym Y•
<br /> � , , the paymenu. • �.
<br /> 1 Bonower shall promptly dischurge any lien which has priority over this Sec�uity Instrument unless Borrower:(a)agnees • �
<br /> • � ' in writing to the payment of the obligation secured by the lien in a manner acceptable ro Lea►der,(b)contests in good faith the ',. '-�•
<br /> , . •• - lien by.or defends against enforcement of the lien in,legal proceedings which in the Lender's opinion operate to prevent the
<br /> ,•. s ' enforcement of the lien:or(c)secures fmm the holder of the lien an agreement satisfactory to Leader subordinating the lien
<br /> ; . ' to this Security Instrumenent,l.ender ma tc�e Borroawer a no ce id ntify n�e I'ien.1 Borrow'er shall sah'sfy the 1 e or take , :
<br /> over this Security Instrum . Y 8
<br /> � � � � one or more of the actions sct forth above w�thin 10 days of the giving of notice.
<br />^ � . � 5. Hazacd or Property Insurance. Borrower shall keep the improvements now eaisting or hereafter etected on the
<br /> Property insumd against toss by fire,hazards included wi t hin the tetm"eatended coverage"and any other hazards.incittding
<br /> � ftoods or flooding,for which Lender requires insurance. This insurance shall be maintained in the amounts and for the
<br /> , ' . . Form 30E8 9N0 (DaRe 2 aj6 pog�sl �.
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