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<br /> TO(3P.7'HP.R WITH all the impmvcmcnts now or heraRer erected on the prc►perty,utxl all ca�emcnts,nppurten�ncew, snd
<br /> Cxtures no�v nr hr,reaRer n part of the property. All replacement� nnd udditfons shull ulso be covereci by ihie; Stcuriry
<br /> Ioatrument. Al!of the forcgoing is refcrrod ta in this Security Instrument uy the"Pmperty."
<br /> BORROWER COVBNANTS that Borcawer is lawfully seisal o(ti�e cytuie t�ereby canvcvcd and has the rlght to grnnt and
<br /> convey the Property and that the Propeny is unencurnberod, except Far�ncumbrunces of record. I3orrower warrnnts und will
<br /> defend gencrnlly thc titic to the Property eguinst ull cluims and demar�d�, subjat ta any encumhrance.r•of rcxord.
<br /> THIS SECURI7'Y INS'PRGMENT combines uniform covenants for national uF�nnd non-uniform covcnants with limital
<br /> veriations hy jt�ciKiiction ro consNtute a uniform securlty instrument cavering real property.
<br /> UIVIFORM CUVENAI�iTS. aarrowcr and I..�:ndr.r covcnant und agcec us follows:
<br /> 1. P��+ment at Principwl And Interest; Prepayment wnd i.srte Gh�, 9c>rrowcr xhall proinptly pay w;:,: d;::, tF�
<br /> principa!a:'ur�int�:rst e.^.:!:s�i°��=ve�RCed by the Not�ain�i nny prc�yme�:n��mcl tate charaes due under the Note.
<br /> 2. Fv,mrJt.;(ar Txxes and Itw�ranae. Subject to applicuble law or tc�b written waiver b�r I.encler. 6orrower shall pay ta
<br /> Lender on the day monthly payments a�c duc under thc Note,until¢he Note is paid in ful1,a sur;r,t("Funds")for,(a)yearly taxes
<br /> and ussessmcnts which rr►s�y attain priority over this Security Instmment as a lkn on the Property;(b)yearly leasehold payments .
<br /> ur g��ou�xl renis on the Property,if nny;(c)ycarly hacard or property insura.�pz�crausns:;�+�ycarly t�s�d�n6urance pr+emiumc,
<br /> if any; (e)yearly mortgabc insuranee premiums, if any;nnd(fl any sums payable by Bornawer to I.ec�der, in uccordance wlth
<br /> the provlslons of puragreph 8,in tieu of the payment of ntortgage insurance premiums.Thess asr,ca�s a� callal"Escrow Items." � .
<br /> Lender may, at any timo, collect and hold Funds in an amount not to exceed the maximum amount a lender for a fodGrally
<br /> nlatal nwrtgage loan may require far Borrower's eccrow account under the faderal Real Estete Settlernent Procodures Act of
<br /> 1974 as amendal from timc to time, 12 U.S.C. Srci�c�:i 26U1 ct seq.("R�SPF;"),unlcss another law that a�lies to thc Funds ,,�5:;°�;
<br /> sets a lesser amount. If sa, L.ender may, at any tima, collxt and �iold �uncls ix�un smount not tc►exceul the lesaer artaunt.
<br /> Lender may sstimate the amount of Fi►nds due on the basis of curxtnt data and reasonable estimates of expenditures of future �
<br /> Fscrow Itente or otherwlse in accardance with applicable Isw. .
<br /> The Funds shall be held in an institution whose deposits an insured by u federal agency, instrurrxntality, or ontity
<br /> (including i.ender,if Lerxler is such en institution)or in any Federal Home Lann Hank.Lender shall upply 1he Funds ta pay the
<br /> E�:,m::Items. L,cnder msy no:cllssge 8orro�tr fflr h�lding en�!ep�lyin�thr Fn�d�; annually analyzin�the escrow eccount,or ''. _
<br /> verifying the Escrow Items,unless Lender pays Bonower interest an tho Funds and upplicablr,law parmits Lender to�rake such ����,;
<br /> a chargc. However, L.ender may roquire Borrowcr to pay a one-time charge for an lndependcnt real estate tax repotting servia
<br /> used by Lcnder in connection with this loan, unless applicable Itw providas otherwise. Unless an agnxmcnt is made or
<br /> applicable law reyuire,c interest to be paid. I.ender shsil not bC �tiyuiial iu Nuy Buiwwu�+u►y iuiciCSi or rxruinga un u�c�ww�. ,',:
<br /> �3arrowcr and Lender mny agrec in wdting, howevr,rr thut [ntcrest shall be paid on thc Funds. I.ender shnll givo to Borrc�wer,
<br /> without charge, un unnual uccounting of the Fu��ds, showing crafits snd debits to the Funds Knd the {wrywse for wlilch eaoh
<br /> debit to the Funds was mada.'fhe Funds nre plalged as additional secutity for ap sums cecu�ed liy this Socurity Inst�umept. �
<br /> If the Funds held by Lender excxd the amounts permltted to be held by applicable law,Lender sl�all account to Sorrower .
<br /> for the excess Funds in�tecordance with the requirements of applicabie latv. If the amount of the Funds held by i.encler at�ny . ,
<br /> cime is not sufficient to pay the Escrow Items when due,L.ender may so notify�Borrower in writing,and.in�uch case Bomower
<br /> shall pay to I.ender the amount na:essary to make up the deficiency. Bormwe� shall make up the deficiency in no more tlu�n
<br /> twclve monthly payments,at Lender's sole dtscntion. "
<br /> CJpon payment in full of all sums sccured by this Security Instrument, I.onder shall promptly rcfund to 9orrotvcr�ny
<br /> Funds held by Lcnder.tf,undcr paragraph 21, I.ender shall acquire or sell thc P'roperty,Lender,prior to thc ocquisltion or sale
<br /> of the Property,shall upply sny Funds held by L.er+der at the timo o(acGuisition or sale es a credit against�the sums secured by
<br /> this Secudty Instruma�t.
<br /> 3.Applii�tlon of Pnyments�Uiileas applicable law provides othcrwise,ali paynxnts receival by Lendor under paragraphs
<br /> 1 and 2 shall be appliod: firsc, to any prepayment charges Jue undcr the Note; second,to am�unts payable under paragraph 2;
<br /> third,to intercst due;f�urth,to principal due;and last,to any late charges due under thc Note:
<br /> 4.Chargest Lkava�lorrower shall pay all taxes,assessments,chsrges,f nes and impositions attribuwble to the Propecty
<br /> which may attain priarii�� over this Security Instrument, and Ieasehold paymerais or ground rents, if any. Borrower shali pay
<br /> these obtigations in the'mrinner provided in parugrnph 2,or if not paid ict.that manner,Borrower shatl pay them on time dlroctly
<br /> ta the person owed payment. &�rruH•r.r shall promptly furnish to I.ender all notices of amaunts to be paid under this paragraph.
<br /> If Borrower makes thes��tuyments dlreCdy, Eiorrowcr shall prvmptly furnish to Lcnder rcceipts evidencing thc payments.
<br /> Borrowcr shall pr�mptly dischargc any Ilere wfiich has priority ovcr this Security instrument unless$orrower:(a)ngroes in
<br /> w�iiiug to the�ayn�en�mff.the obligation secured by tne lien in u manner ace�Qtnble to Lender; (b)contests in go�d fuith the lien
<br /> by, or defe��5 ngainsc'eaforcemeni o6 the lien in, legal procroeclings whicli in the Lender's opinion operate to prevent the
<br /> enforcement.^�F thc lfen; or(c)secuK�s From die holdcr of the lien an�greement satisfstctor�tcro i..ender subo�+ciinating thc d,ien ta
<br /> this Security Instrumene. IIf I,ender deterntines that any part of thu 1'roperty is subjeci tm'a licn which c�uy attairc Qxx�,is�;;;q4¢r
<br /> this Security Instrun�:�ae,:Lender muy give Borrower a notice identifying the tie�a.�rrr�,v�r shal{satislF�the lien or taW,�c¢le or
<br /> morc of the actions set furth abovc within 10 dnys of the giving of notice. '
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