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<br /> T�0C3fiTl�ff3R WITH all thc improvements npw or hereatT�tr uecDed on the propcny, and all easemcnts,�ppurtenirr..ea, �nd
<br /> fixwres now on c�n,afoer a part of thc proputy.A.11 replacaman�end xtdidons sMll alao be covci+od by this 5xurlty Inswment.
<br /> A11 of the faregoing is nferred to in this Sxuriry Insuument es the"Property."
<br /> SORROWER COVENANTS that aormwu is lewfully srfsed of the estate hereby conveyod�nd ha9 tho right to grant md
<br /> convey the Propury and that the Property Ls unencumbered. except for encumbrances of record.Borrowa warrents u�d will
<br /> defcnd generally thc title w thc Property agatnst�1I clelms and d.amands,subject w any encumbrences of re^.ord,
<br /> 'THIS SECIJRTTY INSTRiJMENT combints unifam cmvenants for nadonal u9e and non-unifarm covenants with llmited
<br /> variations by jurisdiction to consdtute a uniform sccurlry insu�um�ent wvaing re�l property.
<br /> idI��ORM COVENANTS.Borrower end Lender covennn�and agroe u follnwa:
<br /> l.Payment of Principal and Interest;Prep�ymeat and 1.ate Char�cs. Horrower shall prompdy pay when due the
<br /> princIpal of and inteorst on the debt evidenced by the Natr.end any jxcpayment�nd)ste chargas due under the Note.
<br /> Z.Funda tor Taxes and Insurance. Subject to applicablG law ar W a wriuen waivu by Lender,Bocrowa shaU pay a
<br /> Lendes on the day monthly paymcnu are due under tha Ne�ee,unal thc Notc is paid in fuii,a sum("Funds")for: (a)yeuly taxes
<br /> end assseicsments which may attain priority over this Securicy In,wmuit as a lien on the Properry:(b)Yearly kasehold pryments
<br /> or ground rGnts on the Property�if any;(a)Yearly tus�ra or psoputy insurance premituns;(d)Yearly flood ins�uace premiums,if
<br /> anY:(e)Yearly mortgage insurance prwniums.1[any;end(�as�y soms paysbk by Bonowu w Lender.in accordance with the
<br /> , provlsinns of pazagnph 8, in liw of the payment of mariQoge insurs�nce premiwns.'It�ese items are called"F.scrow Iteane."
<br /> Land�r may,at eny dme,coUcxt and hold Funds in an emount raot to excad the muimum emount a lendv far i fe,derally re]aud
<br /> . mor�s�ge ban may requIre for Barower's escrow account unocler the foderal Real Estue SeWement Proced�res Act af 1974 u
<br /> �dod from dme to time.l2 U.S.C.Secdoa Z601 er seq. ("RESPA").unless another l�w that applies to the Funds sats a ksser
<br /> amonnt Jf s�.l.ender may,at any time, colkct and h41d Fu�ds in ui unount ant to exceod the kssrs amount I.enda m�y
<br /> • �ie the amount of Funda due on the basts of cnrreat data.nnd reasonable esdmate.S of expendituns of futun Es�mw Items a
<br /> oih�wisa in�cco�dancc with applicable law.
<br /> = T`„a F�s3ya12 ik��etd u,��ui-tftu���whw��-y�sit��.::�u-��r s P�3a-d:,g��3;,�^ttusa�s�Itty,ar..:,xy 1wc.Iudiag
<br /> �,,,, I,eaxlnt�if Leada is such an instiwtioa) or in aay Fedcral H�c Loan Benk.I.ender shail epply the Funds to p�y t2it�scmw
<br /> �i1 Itan:.Leod�s may not eharge Barowa for holding and applying the Funds.annu4Uy an�lyziag the esarow account,or vuifying
<br />, tbe Fatx�ow Itune.unless Lenda peys Borrowu i�uneat an the F�nds and applicabk law�mits L�eadrr to aaalre such t charge.
<br />„� iio�rever.L�a�der msy nquirt Bacmwu oo pay�Qne•time cb�aage fa an 9aik�ndeat nal esute tax reporting�avic�e used by
<br /> I,rndei ia oom�xtion with this lwn. unkss applicablc]siw provides othawise.Unkss an�agroemarc is made or applicabla Lw
<br /> •,j n4uires intaest to ba paid,Lender shaU aot be roquined w pcy Bocmwa�ny intaCSt or eea�niags on the Funds. Sorrower and
<br />�;Y Lenda may agree u►wriba8�boweva��hat interest shall ba paid on the Funds.Lenda shall give to Boirower.without cbuge.an
<br /> ; aaawl accounti�ng of tha FLnds�showing crodit�and dobim to dre Fuods wd the purp�x for which each debit q the Fnnds wa�
<br /> � �nda.Tbe Funds�re plodgod as additional security for all suma secured by this Seciuiry Instruma�t
<br /> , � If the FY�nds held by Lendu exceed the unounts pem�imcd w be held by applicable law.Ler�da shall account tn Borrower fa
<br /> ; the exxss Funds ia accad�nce with the�+equiremeau of applicable lt�.If the unount of the Funds 6eld by La�der u any 6me i�
<br /> not su�cia►t to pay thc Fsaow Iums when due,Lender may so nooify Borrowa in wridng,aad,in suc6 case Borrower sh�ll pny
<br /> = w I.ender the �cnount necessary W m�ke up tha deficiancy. Bocrowa shall make up the deficiency in no more tLan tweIve
<br /> �r:��': moathlY P�Y�ts�u Leader's sok discrerion.
<br />`;:,, �WY�t in fWl of alt sums securod by this Secu�ty�-nswment,I.�nder shall promptly c�efund co Borrower any Fands
<br />_ . be3d by 3.ender.If,undcr puagraph 21,La�der shait acquirc ar sell the Propaty.I.enda.Prior to tbe ocquisiti�on a sak of rhe
<br />'t,`s, Pcoparty. s1�all appfy any Funds 6eld by Lendtr at tho time of acquitidon ar a�le as a credit against the sums socured by Wfs
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<br /> . 3.Applkatbn of Paymeata. Unkss applic�ble law provides othawise.all paya�wts received by Lenda uada p�angraphs
<br /> 1�nd 2 sbW be appliod: fust,W anY prepayment cherges duc unda the Nou;second,w amonnts pnyable und�r ptragr�ph 2;
<br /> thhd,b inta+est due�fotuth.w principal duei and]a44 to�ny ls►o�charges due under the Note.
<br /> 4.Char=a;Lieas. Barow�r shall pay all taxes�assessmcnts. charga. fu�es md Lnposidons uuibutable to thc Pmpaty
<br /> .;,; wl�roay auain pciority over this Security In.st�mcnt,and Ic�sehold p�yn�u o�ground rer�ts.if any.Bmrrowa sh�ll piy the�e
<br /> ubli�ations in the manner provklod in para�aph 2,or if not paid in ttut ir�nna,Bocrowa shall pay than on dme dir�ecdy to the
<br /> F�'-�aw;,3�ysscsL L�ror�w s�s:st pr.�mN1y .��zis�`► ta I,�+�3� �tl ��utices of �nounts w be paid under this p�agnph. If
<br /> BoarnNes makes these paymcnts direcdy�Borrowet shall pmmg•]y fumith to Lender receipts evidencing tt�e p�yrt�u. �
<br /> Botrower shall prompdy discharge any lien which has prnarity ova thss Securiry Ynso�ument unless Barower_ (a)agrees in
<br /> •�� wrifing to thn payment Af tha obligetion aec�red by the lien in a manner sceyx�ble to Lender;(b)contests in good faith t4e lien
<br /> • � by, or defends againet enforcemcnt of the ll�.n in. kgal pmca�ings whicTh in the I.enda's opinion opecgte to pravau the
<br /> eataceana�t of the lien;or(c)secures from the holckx of the iucn an egr�emeat sadsfactory to Ltndes subordinadng the lien to
<br /> this Security Insaument If Lender determines th�t any part Qf�ihe Propatiy is subject to a lien which may amia priociry ova this
<br /> S�ecurity Insttument�I.ender may give Borrower a notice ider.nfying the lien.Borrowu st�all ssasfy the lien or t�1ce one or more
<br /> of the actions set forth above within 10 days of the giving of notice.
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