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,� / — __ _ .__ ._. •..n.ct..4u}Y���"�i:"'nria--e'_: ` ' -___° ----�
<br /> �llt:.i:`:_ �.a�a� -_
<br /> TUOETHBR WITH�II tha improvementA now or hercafter erected on the property,and all :asemc►it a�uUrt�l��nd
<br /> fixturc� now iir hererfter a pwn af the propcny. Aii rCplu�ciixui6 �i�i �ddtt�ans ehatl alr:s bc cove:eC by thls �ccn:ity —
<br /> in��nrment. All nf the tiireguing is rcferred t�in thiH Security Instrument as thc'Praperty."
<br /> f30RRUW�R CUV4R�AN'fS ihAt H��rruwcr is luwfully scl.r•ccl of lhr estutc hcrcby convcycd und hus thc right ta grunt nnd
<br /> convey �he Praperty und�hut the 1'ronerty is uncnc:umbura�l, exccpt far encumbruncGS of rcci�rd. f3orrower warrunts uixl will
<br /> dcfeixl gencrully thc titic in thc Pmperty ugulnst All claimF and dcmurxls, subject to any encwnbrances of rc�ird.
<br /> THIS:5[?CURITY IyS'i'RUMI?NT amihlnes unifurm cnvenunts for nutionul usc un�i non-uni(orm covenunts with I{mitexf
<br /> vrrlu�i��n.r hy jurisclicllun�n conr�tltutc a unfform securily intiUVm�'nt c�wcring r��l pmpcny.
<br /> UNIF�QRM COVCNANTS.&►rrowcr und I..��Hic:r cc►v�mnnt und ugrc�c us fnllows:
<br /> l. P�yment �t E'rinclpNl �nd lnten�t; �'repMymenk and [.wte Clut�a. Horrowcr shall promptly puy wi�rn Juc: tlie
<br /> principnl of uix!interer�t nn thu deht cvWen�:al by thu Nc>tc and any prcpuyment and late chargcs due uncler the Ncrte.
<br /> 2. F'unde Wr'1'�xh rnd InRUrwnce. 5uhj�ct w appli,:obl�1 luw or ta u writtcn wuiver by l.endcr, aorrawcr shull puy ta
<br /> Ltmler on thr dny mnnthly�,rynknte ure duc undrr the Nc>tt,wrtil the Note is paid In full, a Fum("I'unds")for:(a)yearly taxes
<br /> uncf ussessments which nuy uttnin priorlty over this Security Inhtrument as n lien an the Property;(b) yeurly leasehold payments
<br /> or gr�und rents an thc Property,if any;(c)ycarly hw.anl or p�nperty insurancc prcmiums; (d)yuuly flaxl lnsurance promiums,
<br /> if any; (e)yearly mortgage insuranec prcmiums. if any; and (fl any swns payablc by Horrower to Lencier,in acconlance with
<br /> th=pro�isi�ms of piir��rvph R, in lieu of the payment of monguge insursncc prcmiums.Thcse items sro callod "Escrow Items." _
<br /> [.cndcr nu►y, at any timc, �ollect and hold Funds in An amount nat to exczcd thc maximum amwunt a lender for a federully
<br /> related mortgAge loun n�ay rcquire for Borrowcr's escrow Accamt under th� fccicral Reul Bs►ate Sectlement Procedures Act of
<br /> 1974 as arnendal from timc ta time, 12 U.S.C. Section 2601 et srq. ("RESPA"),unless ano►her law ihitt applies ta the Funds
<br /> sets a Icsxr umount. If so. I.encier may, pt any timc, coll��et arxl hold Fu�ds in an amo�nt nat to r.xce�d the lesser anwunt.
<br /> Lcndcr r.iay estirtwte the amcrunt of Funds due on thc bnsiR nf current data anA reasnnable estimates of eap�nditures of futuro
<br /> Escrow Items or otherwise in accordunco with upplicable luw.
<br /> The Funds shall 6e held in an institution whose dapadics are insurod by � falcral agency. instrumenwlity, or entity
<br /> (including Leixier,if Lender is such an institution)or in any Pederul Hume s.oan Bank.I.ender shall appiy the Funds to pay the
<br /> Fscrow Items. l.ender rny rat charge Borrower for holding and applying the Funds, annuAlly analyzing the escrow u.�count,or
<br /> verifying the Escrow Itcros. unless Lertder pays Borrower int�:n.st on thc Punds and applicablc law pe:m�its I.ender to make such
<br /> r churge. However. i.ender may requirc Borrower to pay a�,ne-time charge for an Independent re�l eswte wc rcpoRing servia
<br /> used by Lender in cormoccion with this iwm. unless a�rp(i�:s+i�le luw providcs ott�Crwi�. U�►less en agrc:.mtnt is msde or
<br /> appUcable law requires interest to be paid. I.endar shutl not be required to pay Borrower any intcrest or es�mings on the Funds.
<br /> Borrawer and Lender my agrec in writing,however,that intecest sh�lt be paid on the Funds. I.eodcr stull give to Borrawer,
<br /> without�charge, an annual accounting of the Funds, showing crodits aixl debits to the Fu�ds and the purposc for which each
<br /> de��t te tl?�F��n�+�was m�e.The Fm�ds are pledaed as addititro.31 sa:urity for dl sums sa:urod by this Security instcument_
<br /> .; If�d�r Funds tx;ld by L.en�ier�xoeed the urwunts petYnitttd 4o be held by applicable�aw,i.ender shall�ccount ro Horrowa
<br /> for tho excess F��yds in accordance with the rcquirement+of applicable l�w. if the amount of the Funds held by i.,encler at any
<br /> � time is not sufficient ta��y the Escrow Items whcn due,Lender may so notifylMtrower in writing. and. in such case Bomower
<br /> _�...�� ., t�..w��.��w��;;�.,.r.oe„n, fn mu4���n fFIP�IPFf iP.ilf`V. Af1iMWC1' Ahail make uu the deftcicncy in rft�more th�n
<br /> o.w+� 4s"aj: . . .. _ —� -c
<br /> twelve monthly payments,at i.cnder's sole discixtion.
<br /> U�o�� payment in full of all sums Securod by this Srxa�rity Instru►rnnt,i.ender shall promptly refund to Borrower �ny
<br /> Funds field by Lender. lf,uncter paragraph 21, Lender shall acqulro or seil the Pcnpe�ty, L,ender,prior to the acquisitian ar s�le
<br /> of the Property,shall apply any 1Funds held by I.ender at the time uf acquicition or sale as a ct�adit aganst the sums secured by
<br /> this Security Instrument.
<br /> �;AppliaiNon o[Paymrnts.Unless a�pplic:able law provides otherwise.all p�ymonts receivod by I..ender under pangr�phs
<br /> 1 and 2�st�all be applied:first.to any pcepayrr�nt charges due urider the Note;second,ta a►nounts payable under paragraph 2;
<br /> third,to intcrat due;farth,to principal due;a�td lest,to any late charges due und�r tlx Note.
<br /> 4.CharRes; Liene.Borrower shall pay all taxes,asxssments, charg�s,fines v.nd impositions attributable to the Propaty
<br /> • which may att�in prioriry over this Security inslrument. and leasehold payments or graund rents, if any.Borrowa :�`uill pRy
<br /> t}kse abligations in the manner providod in puagrnph 2.or if not paid in that manner,Boraower shall pay thom on dme dit+atly
<br /> to the person owed payment.Botruwer shall promptly furnish to Lendtr all noticac of amounts to be p�id under this psuag[aph.
<br /> If Borrowec malces theso payments directly,Bac�awer shall pra�nptly furnish to L.ender rxel�ts ovidencing ihe paymeqts. '
<br /> Borrower shal{;Q�ranptly discharge any tien which has priority over this Security Inst�ument unlas Bomower:(a)xgroes in
<br /> wdting to the p�yment of the obligatton secured,by the lien in a manncr acceptable to Lender, (b)contcsts in good futh the lien
<br /> by, or deferxis against enforcement of the lien in, lagal proceodings which in the Gender's opinion operace to prevent the
<br /> eaforcement of the lien;or(c)secures from the holder of the lien an agreement satisfactory to Lender subordtnating;3bo lien to
<br /> this�Securiry Instniment.If Lendpr'determines that any part o3 the 1'roperty is subjoct ta a liop which may attaiq priurity over
<br /> . this 5exuriry Inslrument,Lender may give Borcowar n notice identifying ck�e lien.Borro�ver shsl!satisfq,the liert'or.tttl;e one or
<br /> • more of the actions set forth ebove within 10 days of the giving of notice. �
<br /> . Form 302! 9fo0
<br /> Pp�so�e
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