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<br /> TOGfiTHER Wl i'H all the imprm�ements now or hereaRer erected an the ProP�Y•and aIl eas�esuents,aFP�utena�nces,and .. . . ,
<br /> . , fixtnnes now or he�aRer a part of the prop�y. All repla�en� aad additioas shall atso be cnve�d by this S�mq . .
<br /> • inmtime�.AII of the 5oiegaing is cefemed to in this Saa�rity�nm�ent as tLe•Property• . - :.
<br /> . . - BORROWffii C�VENANTS that Borrower is lawfulty seised of the estate hereby coaveyed and has the aght to giant and ' . : .�r ,
<br /> � �. wavey the Ptoperty aud tt�at the Property is uneuc�be�ed.e�ccePt far encambraaces of record. Borrower wananis and will •� �
<br /> �.•.
<br /> . ` -.�._.-- defend geneially the dtle w the Fmperty against all claims and deman�ts.subjecx w anyr enc�b:ances of�ecord. . -._ . _ . •
<br /> -- . ---`--.-�• TI�S SECUEtTfY INSTRIAVSEN'!'combiues umif�imi cavenants far nationa!uze and nnn-ruufomi covenants wish limited —._..- _ -
<br /> variatioas by jurisdicxion oo constiinte a unifomi security in�en�n►covering real ProP�Y• � • :
<br /> 5`� , LiNIFORM COVENANTS.Bomnwer and L.ender covenant and a�as follows: . ... °
<br /> l. Payment of Pri�dpat and I�;Pte�aym�t and Late C6arges. Borrower shall P�PUY PaY when dne the � •- < •. ,
<br /> . , principal of and inierest on the debt evidenced by the Note and anY P�I�nt and tate charges due nnder the Note. ,
<br /> - • , • ' 2.�uds for Tases and Insurance.Subjea to applicable law or to a cvritten waiver by Lender, Bo�wer shaU pay to '. .
<br /> �;.: Lender oa the day monthty papments ate dne�mder the Note,uatil the Note is paid in fall,a som(°Fuuds°)for.(a)yearly taxcs -� ';`'�-�=-
<br /> - � � and assesm�ents whic�may attain priority wer this Security Instmment as a lien om the Pmpeny;(b)Yearlq leasehold payments `�c.._: ' �:�.-,.,
<br />_:� . , . .. . _
<br /> • or tents on the Pxoperty,if any;(c)Ye�arly Ua7ard or m msorance premiums;(d)Yearly flaod' ps�niu�s, � �',_ .-
<br /> menrnnrn �-
<br /> ?` `• •. _ if an�,�(e)qearly mortgage in�ance p�pitm�s.if any;snd(�anq s�ms payable by Bonower to I.ender,in accurdance with �..�, '� :'. :�-�
<br />.'� ' �•.� the pmvisians of patag�aph 8,in liea of the paymeac of moitgage imutance p�niaQns.T6ese iterns are called'Fscmw Items.° � _
<br /> �t; . Lender may, at any time, caAe�t and hold Funds in an auwunt not w exceed the maaimum amount a lender for a federaIiy +,`:'�,�� `
<br /> �` _ ".., zelated mortgage toan may require'for Boaower's escrow accaont under the federal Real�State Seut�ent Proceduies Act of �- A' ---
<br /> ;;`. . ' 1974 as ameaded fc+nm time to time, 12 U.S.C.Section 2601 et seq. ('RESPA°).un2e,ss annther law that applies to the Fands • —_
<br /> -_. • � sets a lesser amouni.If so. Lsnder map,at auy time, caltecc and hold Punds m an ama�t not w excertl the lesser amonnt. __ -
<br /> `,` , � ' � Leader may estimate the amoant of Funds due on the basis of auient data and reasonable estimates of expendiuues of futare -�-- . .-.�=},-:
<br /> :`` . �•t� Bscrow Items ar od�eiwise in accordance with applicabie law. • � `�
<br />:,_ _:_
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<br /> :��: ; .. • The Funds shall be held in an institution whase deposits are insuned bq a federal aBencY, insmimentaliry. or entity �
<br /> ins �-
<br /> �� ('inchtding Lendet,if L.�mder is such an institntion)oz ia azry Fedeial Home Loan Banlc.Lendet shall apply the Fands W pay the
<br /> ;:. . • '�:��..�
<br /> �;:. , . . . .; Escmw Items. Lender may not c6arge Borr�wer for ho2ding and applying the Funds.annoally analyzing the escmw accowu,or _� -,:-=.�;.::
<br /> , � verifYing the Escrow Items,unless Ixnder pays Bottower interesY on the Fm�ds and applicable law peimits Lxnder to make sach .._. :'�i°�.'
<br /> ,��j a char e.Hawever,I.ender may�equire Borrower to ay a one-time cl�arge for an endent real estate tax teporting sesvice ' �:=_�_-
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<br /> , � �' ased bq I�nder in connecdon with this loan, nnless applicable law provides otheiarise. Unless an agreemeni is made ar . •jr�:
<br />- . � ��f applicable law neguires inieiest w be paid.I.ender shall not be reqnimi to pay Bomawer any inierest or eamiq�s on the Fnnds. ;.
<br /> �c,'��°;:
<br /> _ . • � Hosmwet and I.ender may agree in arriting,howeyer,that interest sball be paid on the Fands. Lender shall give w Borrower. . `°�''v.;r:�::
<br /> �� � ' ; withont cl�arge.an annaal acconndng of the Funds.showing credits aad debits to the Fuuds and the purpose fos wluch each . . ; �'`'�`
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<br /> debit w the Funds was made.The Funds are pledged as additional seauity for all sams secaied bp tbis Ser.nrity Ia�unment.
<br /> .-� If the Fands Iield by Lender exceed the amatmis peYmitted to be held bp applicable taw�Lender shaU account to Borrower . �. ,.�.`�'
<br /> . � i fos tUe e�cess Fuads in accordancc with the ceqairements of app}icab2e law.If the amouut of the Funds held bp Lender at a� . , .;,:.T"':
<br /> . , . f� time is not sufficIent to pay the Escrow Items when dae,Lender maq sa notify Boaower in writing.and,in suc]i case Bouower � , ..•`''--
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<br /> � shall pay to Lender ttte amouat necessary to make up the deficiency. Bonower shaU make up the deficieacy in no more tt�w •� � -- ;��:.,
<br /> ' � • tarelve monthlY payments.at Lender's sote discretion , • :��;:�-
<br /> :.���; � . :. Upon payment in full of all sums secured by this Security Instrument, l.ender shall prompdy refund m Bormwer any � ' �,�.�__
<br /> Fuads held by I.ender.If,under paragraph 21.Lender shall acqaire or sell the Property,Lender,prior w ti�e acquistion or sale =
<br /> • of the Property,shall app2y suy Fands held by Lender at the time of acquisition or sale as a credit against the sums seaued by � , �. ��-
<br /> , tI1IS Secu�Ly Insm�ent. � :��Y:�
<br /> � ' � 3.Application of Payments.Uuless applicable law ptovides otheiwise,all payments received by l,ender nnder paragraphs � .i. :
<br /> �� � � : � 1 aad Z shall be applied:first,to any prepaymeni charges due under the Note; second,to amaunts paya62e uader gatagraph 2; " ' � � -
<br /> chird.to intenest due:foiuth,to principal due;and last.to any tate chargea due under the Note.
<br /> - __- - .� A.Charge5i I.len9.Boaower sLall pay all t�es,assessments,charges,fnes aa@ unposisions atuibutable w the Property . �. '
<br /> �'�� .. ' which may attain pr�ority over this Security lnstnimens. and Ieasehold payments or ground rents. if any. Baaower sball pay . . '
<br /> � these obllgadons ln the manner pmvided in paragaph 2,or if not paid in that manner,Boaower shall pay them on time direcdy • . �
<br /> to the person owed payment.Boaower shall promptly farnish to Lender all notices of amounts to be paid under this parapapL. ' .
<br /> . If Borrower makes these paymeuu direcdy.Boaower shall prompdy furnish to l.ender receipts evidencing the paymenrs. '. .
<br /> �� Borrawer sLall prompdy discharge any lien wluch has priority wer tivs Security Iasmunent naless Bonower:(a)a�ees in
<br /> ;� �: writing to the payment of the otsligarion secured by the lien in a manner acceptable to Lender;(b)contests in good faitU We lien ' � .
<br /> ' , by, or defends against enfoscement of the lien in, legal proceedings which in the Lendet'c ��inion operate to prevent the � . ._ . .
<br /> enforcement of the lien;or(c)secures from the halder of the lien an agreement sadsfactory to Lender subordinating the lien ta •
<br /> , • this Securiry Instrument. If Lender determines that any pan of the Property is s�ubject to a lien w}uch may attain priority over '
<br /> � '' � this Security lnstrument,Lender may give Borrower a norice idendf}ring the lien.Borruwer shall satisfy the lien or take one or ` • . �
<br /> � � 1 more of the acdons set forth above witlun 10 days of the giving of nofice. '
<br /> . � Form 30 ! . ,
<br /> : . � ��-eAWEltaz�s�.o� v.yesofe �roue�a• : . '
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