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<br /> 'ItiOGEfI�R W1TH ali ihe improvements now or hereafter erected on tlfe property,and all easeraenu,appurtcnances,and . " s; ��.
<br /> fixuues now or he.reafter a part of the pmpecty.All replaceacenu and addirions shall also be covaed by this Security Inswmen� F: � `
<br /> All of the foregoing is referred to in this Securiry Instruacent as ti�e"Property." ! � -
<br /> BORROWER COVENAPJTS that Borrower is lawfully seised of the est�Ee kereby conveyed and has the right to giant aad ° , : �°` `�
<br /> convey the Property and that the Property is nnencumbesed,except for encumbrances of recard. Bomnwcr wanants azed will ' :
<br /> defend generally the titte to the Property against all claims and demands,subject w any encumbrances of record. , _
<br /> THIS SECIJItTTY IIJSTRUMENT combines uniform caver�anu for national use and aon-uniform covenants with limited , �' ,
<br /> vaziatioas by jvnsdiction to canstin�te a vniform s�urity instrument covering real property. i. - . - -__.- ---_.�'-
<br /> iJN�iORM COVENAN'I'S.Borrower and Lender wveuan3 and agree as follows: � '
<br />.. 1.Paymeat of PrIncipal end Interest;PrepaymeaY and Late Chaeges. Brnmwer shall PromP�Y PaY v�heu due the ! - ` � �'�_
<br /> Qrincigal of and interest oa the debt evidenced by the Note and any prepaymeat and late charges due undea the Note. � ; . _
<br /> i �.Fm�s for T�es a�d Insm�nce. S�bject to app�cable taw or ro a wriuen waiver by I.ender. Borrower shali pay tn �. :, _ '_
<br /> '� L.enda on the day mondily payments are due under the Nose,u:��e Nate is paid in f u ll,a sum("Fun d s'�for.(a)yeas?y taxes ` . � '�—
<br /> and assessments which may auain priority over this Security In��:.�i as a!�:u on the ProFeaty;(b)Yezrly[easehQi���-.�ents ,�,�'
<br /> 1 or groun d rents on t�e�e n y,i f airy;(c)Y e a r ly h a z a r d or pro�y mss,u�r�e�:2miums;(d}Y e a r l y fl o a d'u i s u r a n ce p r�'=..:�.s,� . • . .'� ' -'.��
<br /> � anY:(e) yeariy mor�e imsurance psemi�uns,if any;and(�s:�:�:sJms payabie by Bonowea to Lender,in accaordance a-��� •�'--
<br /> � g r o v P�:�c f p�a g-a p h 8, i a l i e� a�t�e p a y m e�t o f m a r t g ag� m s�u a n ce p r e m i u m s.T h e s; i t e m s a r e c a I l e d "F s c r o w �." . r� ���_
<br /> Lend�iray,az any tiffi�,collect aaz9��Li Funds in�n amount aot w exceed the ma�cimum amount a lender for a fedaally related ``''`;�'",�''
<br /> mortgage loan may re�unre for Boirower's escraw avcount under ihe fedeial Real Fstar�SeEtlement ProcedUres Act of 1974 as . ;::..�
<br /> amended from time tfl time,l2 US.C.Sectinn 2601 et seq. ("RESPA"),unless another law 1Hat applies to the Funds sets a lesser , ...,`
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<br /> aiuount If so, I,�der may,at any pme,collect and hold Fands in an amount not to eacced the less�r amount Lender may � �; —
<br /> estimatc the amo�mt of Funds due on the baSis of cunent data and reasonable esmnates of expeadiaure,v of fuwre Escrow Itesns or �' ���' —�'._
<br />� otheawise in accoidaxice arith applicabls law. ~� "�'�.
<br /> :' 'Ihe Funds shall be held in an instituti�on whose deposits are ius�uued by a federal agem.�y,instrumentality,or enlity(including ."� �''•t�--
<br /> ius
<br />�� � Lender.if Lender is such an insriturion)or in any Fedeaal Hame Loan Bank.Lender shall apply the Funds to pay the Fsc[ow . , � ��:
<br /> Items.Lender may not charge Borrower for holding and apptying the Fua�ds,atmually anatyzing the escrow eccounL or veiifying *� f�•
<br /> ' the Fscrow Items,nnless Y.ender pays Borrower interest on the Funds and applicabte law permits Lender w matce such a chargc. '��r�'� ��
<br /> However.I.endea may reqoire Borrowea w pay a on�time charge for an indepertdent real estate tax reporting sesvice used by ' ��
<br /> L.cad�in cannecction with tdis loan,unless applicable iaw provides otherwise.Unless aa agreement is made or applicable law . � ' ;' �
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<br /> requires interest w be paid.Lendea st�all not be required ro pay Borrower any interest or eamings on the Funds.Borrower and � ��
<br /> :. , '. . . � , _
<br /> Leader may agree in writing,however,that interest skall be paid aa the Funds Lendea shall give to Borrower,without ch�rge.an � .-� �
<br /> ll
<br /> annual accaunting of the Funds,showing credits aad debits to the Funds and the pu�pose for which each debit to the Fands wa4 ��� _ —
<br /> mad8.The Fuads aze pledged'as additional security for all sums secatred by this Security Instrument ^°��� _
<br /> If the Funds held by Lender exceed the amounts permiued tn be held by applicable law,Lendea shall accaunt to Borrower for � '•� -.�✓F —
<br /> the excesg Funds in accordance with the requirements of applicable law. If the amount of the Funds held by Lender at any iime is � �'�'�- :�,
<br /> ce � ,-
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<br /> not sufficient to pay the Fscrow Items when due,I.ender may so notify Bormwex in writing,and,m such case Bormwes shall gay R
<br /> . ,.,�,,._:.... �r 4
<br /> to Lender the amount necessary to make up the deficieacy. Borrower shall make up the defciency in no more than twelve ,. � �,.
<br /> monthlY PaNm�ts,at Lend�'s sole discretion. . r' .:.._..•�
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<br /> Upon paymeut in full of all sumc secaued by this Secvrity Instrument,I.enda shall pmmpily refiuid to Borrower any Funds . ; .��:r.: - ,;::<'�-°==_
<br /> held by Lendea.If.undea pa�agaph Zl,Leaider shall acquire or sell the Prope�ty,Lender,prior w the acquisition or sals of the : �' �,:.�,;�
<br /> Fropeaty,shall apply any Funds held by I.ender at the tune of acquisition or sate ag a credit against the s�uns sec�ued by ttus � � �-� ;•��-���=_n
<br /> SCAEPLEC�I11S11llII1Cd1L ��C.i;;;:�• '"-
<br /> .eil,��{'�r,��� .
<br /> 3.A�y�lication ot Paq�enta U�less applicable law provides otherwise,all paymcnts rw,eived by L.ender ur.der gar�aaphs ^ . �:,-
<br /> 1 aad 2 shall be apptied: fns4 t�anY prepayment charges due under tt�e No2�;second,w amounts payable under panr�aph 2; �'' �:�L:_
<br /> third,to interest due;fourth,w principal due:and 1ast,to any late charges due�andea the Note. �-i�r .,—
<br /> 4.Charg�;LIeIDS. Horrowe� shall pay all taxes. assessments,charges, fines and imposiaons attn'butabte to the Property . '�,�„ �' �.
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<br /> which cr�.ay attain p�iority over this Security Inswment,and 1�:�:old payments or ground rents.if any.Bom�wer shall Fay these ;:�;���°
<br /> obligations in the maruter pmvided in pacagraph 2,or if not�d in that mannea,Borrowca shall pay them on time d�ea'ty�w the • - �•'�^�
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<br /> peason owed payment Bonower shall promptly fumish tn Lea�dea all nouces of amounts to be paid und�this paiagiaph.If ��'n�;Y�-. � ;,.., —
<br />' Borrowe.r makes these payments directly.Borrower shall prompdy fiunish w Lender receipts evidencing the paymenu. ' ._:;�E'.. �.'. 'f�,,,.` - -
<br /> Borrower shall pmmpdy discharge any lien which l�av pria�rity over this Sec�riry lnsuument unless Boirowea:(a)agrees in � � � . —
<br /> writmg to the paymea►t of the obligation seaued by the lie� en a manner acceptable w Lender;(b)contests in good faith the lien . ,;.,,�„�,..__
<br /> by. or defends against enforcement of tha lien in, tegal proceedings which in We Lendea's opinion opeaate ro prevent the � �� �
<br /> enforcement of the tien;or(c)secures fmm the holdea of the lien an agreement sa0sfactory to Lertdear subordizmting the lien w �. �. � . � . �
<br /> this Securiry tnstrument If Lender detc,mnines thai�y part of the Pmperty is subject to a lien which may auain priority over this . � •. `�"�
<br /> Security Instrument,Lender may give Bor�wpr a notice identifying the lien. Borrower shall sansfy the lien or take one or more ' .
<br /> of the actions set forth above within 10 days of the giving of nodce. . � � �
<br /> Form 8028 9/�0 � �°:::
<br /> �-8R(ME)t92t21.o� Paps2o�6 inqiab: � .. � . . �
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