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<br /> ' . 'InGE'IT�ER WITH all the improvemeuts aow or he�eafter erecied on the pmperty, ��+' �.y��il�a3 �• . . - _
<br /> a�td ail easements, nrtenances. and `. .
<br /> fixtvres aow or hexeafter a part of the psaperty.All replacements and additions shall aLsn be coveaed by this Security Instrumerit , ' s-_
<br /> � All of the foregoing is refemd to in this Sesurity lnstrumeAt as the"Property:' � ". _ . � � . - .
<br /> ' � BORROWER COVENANT'S that Borrower is lawfully seised of the estate hereby conveyed aad has t}te right to granc and � � � . -
<br /> convey the Property ansl d�at tt�e Property is unencumbered,exccpt for encumbrances of record. Borrower vrarrants and will � � •
<br /> _ def�d generally the title tn the Pmperty aga+�M ail claims and demands,subject to any encumbrances of record. • _- --- --- _--- .`�'�
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<br /> . THIS SECLJRTI'Y INSTRLTNIENT combines uniform covenants for national use and non-uniform covenanu with limited � .
<br /> � variations by jurisdiction to constitute a unifoim seauity instrumeat coveaing real property. f.�. . . . `• �
<br /> `_i UNff��RM COVFNANTS.Bomnwea and I.end�covenant and agree as follows: �.�._
<br /> � 1.Payment of Prinap�f and Int�xest;Prepaymemt aa�Late Charges. Bmmwer shall prompdy pay when due the �, • � �. : . ` -
<br /> = principal of and inte�+est on the debt evidenced by fhe Not�and any prepayment and late charges due�mda the Note. ' . , . -
<br /> ! Z.Fuads for Tases and Insarance. S�bject to applicable law or w a written waiver by L,�der,Borrowea shall pay w , " ���;����
<br /> •� Iender on the day mondily payments are due nnda the Nots,until the Notc is paid in fiill,a snm("Funds'�for.(a)yzarly taaes • • ;_
<br /> ` and assessments ahic6 may attain piiority over t6is Security lastnuneat as a lien on the Pmperty;(b)yearly leasehold payments � ' `�"�
<br /> � � or ground rents on the PrnPenY,if aIIY:(�)Yearly hazard or pmperty insurance gremiums;(d)Yearly flood inswance premiums,if I�• ' ..., ,; :.�:;::_ .
<br /> i any:(e)Yearly mortgage ins�nance piemiums.if any;and(�any suins payable by Borrower to I.ender.in accordance with the � :;�' .�,�... ,-. :
<br /> provisions of paragzaph 8, a� lieu of the payment of mortgage insutance preminms. These items are called"Escrow Items." f �"' � � '
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<br /> I.emder may,at any time,collect and 6old Funds in an amount not tn exceed the maximnm amount a(en�er for a federally related { s.�. �a.
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<br /> mortgage loan may require for Borrower's escrow acco�nt undea the federal Real Fstate Seulemeat Pracedu:es Act of 1974 as �:.�-�;... ....: :�"-°
<br /> ameaded from time to ume, 12 U.S.C.Section 2601 et seq. ("RESPA"),unless another law tdat app&es to the Funds sets a lesser ' � '
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<br /> amouat If so.I.euder may,at aay time, collest and hold Funds u�an amount not w excced the lesser amount Lendea may ' .
<br /> .�' estirnate the amount of Funds due on the basis of cairent data and reasonabte estimates of expendiwres of fuwre Escrow Items or . �°'.:: , .
<br /> othetwise in accordance with applicable law. ��,; �;
<br /> .�� The Funds shall be held in an institution whase deposits are ins�ued by a federal agency,instrumenialiry,or en4iry(including �, '� ��� p�;��
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<br /> Lender,if Lender is such an instimtion)or in any Federal Home Laan Bank.Lender shall apply the Funds w pay the Escrow ..' .� :"• ,,..�.-
<br /> Itrans.I.euder ma not c e Bonowea for hold� and 1 ' ihe Funds.annuall anal the escrow account,or verif ' • . �'-'- �"� "� ,
<br /> Y �8 S aPP Y�b Y Y�►B Y�S 1�
<br /> the F.scrow Iteatis,unless Lender pays Borrowa mteaest on the Femds and applicable law geamiu Lender to make such a charge. �. �'�����-„��. =-
<br /> Howeveir,Lendea may req�ire Bmrower to pay a on�time ckarge for an independent real estate tax reporting service used by . ��,;�� ::$� _ :;� ;
<br /> Lender in connecrion with this loan,ariless applicable taa provides otherwise. Unless an agreement is made or applic�ble law -_•. ,�
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<br /> requires intaest w be paid,Lender shall not be required to pay Borrower any interest or eamings on the Funds. Borrower and j "
<br /> Lender may agree ui wrie�e„howevea,that interest shall be paid on the Funds.Lendex shaari give w Borrowea,without charge,an :.,- r�.
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<br /> annual ac;co�ting of the Funds,showing credits and debits to the Funds and the puipose for which each debit to the Funds was �';�.:. . .;,�.j� �
<br /> made.'Ihe FUnds 2;e plydged as additional secvrity for all sums secured hy this Seciuity Instrument . ,-.""s. � . !i
<br /> If the Funds hetd by Lender exceed the amounu permitted to he held by applicable law,Lender shall xccount ta Borrower for ._' �:� �,'�� � ��
<br /> the excess Funds in accordance with the requirements of aaplicable law.If the amount of the Funds held by Lendea at any dme is . ,.- i r-��—
<br /> not suffcient tn pay the Fscmw Items when due,I.endea may so aotify Borrowea m writing,and,in such case Borrower shall pay �.,�.
<br /> ro L e n dea t he am oun t n w m a k e u t he d e f ici e n c B orr ow e r s h a ll m a k e u t h e d e f i c i e n u►n o m ore t h a n t we lve ,��� ��r%'•- ' .
<br /> �Y P Y� P �Y � :"'"'c��:. <. -,�-__
<br /> montWy payment4,at Lender's sole disaetion. .,,��1•: �` ` �
<br /> Upon paymeat in fall of atl sums secured by this Security Insmiment,Lender shall prompdy refund co Borrower any Funds • ""'� -�-•••�-
<br /> h e l d b y L e n d e r.I f,u n d e r p a r a g r a p h 2 1,L e n d e r s h a ll a c q u i r e o r s e ll t h e P r o p e r ty,L e n d e r,p ri o r t o t h e a c q u i s i u o n o r s a l e o f t h e ' �,=. .-`�'-�-- -
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<br /> ��. Pmperty,shall apply eny Funds held by I.ender al the tirne of acquisidor.or sale as a credit against the s�uns secured by this . �-
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<br /> Securi Instrument � � ,xr�_.._�,Y•-
<br /> � 3.Applkateo�n ot Peyments. Unless applicable law provides othenvise,all payments received by Lender under paragraphs �-%`°"``= �
<br /> 1 and 2 sdall be applied: ftrs6 to anY PrepaYment cdarges due nnder the Note;second,to amoants payable under paragraph 2: '�i,:;,��_. ;'��,
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<br /> �d��n�due;fo i u t 6,w princip a l du�an d l a st,to any l a t e c harges due un der t he Not�e. '`�``'��""`— '
<br /> ;��Erse,p�•�
<br /> 4.Charges;Lieas. Borrower shall pay all taaes, assessments,charges,fines and impositions amnbutahle tn ihe Property � ;;;�
<br /> which may auain priority ova this Security Inswment,and leatehold payrnents or ground rents,if any.Borrower shall PaY these „ ,"�'-.,�;�.�'�e . ,
<br /> obligations in the mannra provided in paragraph 2,or if not paid in that manner.Borrower shall pay them on time direcdy tn the � �-,:_:;;. . , .�;`
<br /> person owed payment.Borrower shall promptly fumish[o JLraider all notices of amounts to be paid und�this pazagraph. If ' ' � . • _
<br /> Borrower makes these ents direcd .Borrower shall rom d fumish w Lender rece' ts evidencin the ' . : -����-
<br /> PaY� Y D P Y tP 8 PaYm�� . —
<br /> . Borrower shall prompdy discharge any Gen which has priority ovea this Securily Instnunent unless Borrower: (a)agrees in � . . ' • �
<br /> writiag to the payment of the obligation secured by the lien in a manner acceptabie tn L,er�der;(6)contests in gaod faith the lien . . .-
<br /> . by, or defends against enforcemen2 of the Gen in, legal praceedings which in the I.ender's opinion operate to Qrevent the ` � � � '� �''
<br /> enforcement of che lien;or(c)secures from�he holder of the lien an agreement sa6sfactory w I.ender subordinating the tien tn � '
<br /> , tt�is Security Instiumen�If Lender detem►ines that any part of the Propeny is subject to a lien which may attain priarity over this .. . � �, '
<br /> Security Inshument,Lender may give Boirow�a notice identifying the llen.Borroaer shall satisfy the lien or take one or more � : ' .
<br /> ' of the actions set forth above within 10 days of the giving of norice. . ..� � �•-
<br /> � Form 302s 8�90 � � •
<br /> �•6R�NE)�92i2).o� Pape 2 of 8 imuais: � • ..–---
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