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<br /> TWETH�R WITH aU the improvcmcnts naw on c�rcaftcr crccted on thc propeny, and nll em�nts,appt�rtenances,and �°o„«�,_
<br /> fiatures now or hereafter a parc of che property. All replaccmcnta nnd ndditions shall alsa be covercd by this Sec'adey —�
<br /> � Instrument. All of the fotegoing is refened to in thie Securiry Instrument es thc"Property." �����_
<br /> BORROWBR COVENANTS that Borrower i�l�wfully aeised nf the escate hereby conveyed end hus Utc risht to grant and ' _
<br /> �� canvey the Property �u►d that the Propeny ie unencumbered, eacept for encumbrances of record, Borrower wazrants and will •; ,.':
<br /> defend generally the t[tic ro the Property against all cl�lms and demands,subje�t to any cncumbrancca of ru:ord.
<br /> ' TH1S SHCURITY INSTRUMANT combines unifQrm covenanta for national use and nan-uniform covenants wi[h limited ��;:'
<br /> variatione by jarisdiction ro constituic a uniform securiry instrument covering r�al property. i"'�'
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<br /> " � UNIFORM COV�NANTS. Borrower anA l,ender covenant and agree as follows: .
<br /> �� �, 1. Payment ot Princlpnl and Interest; Prepaymeat and I.Ate Charg�. Bonower shall promptly pay when due tho ,�-�-
<br /> principal of and interest on the deb[evidenced by the Note end any pnpayment and late chazges due under tho Note. ;_r:�
<br /> 2. Ftind�[or Taxe�stnd Insurnncc. Subjxt to applicabie law or to a written waiver by Lcnder, Borrowcr shall pay to �`,���_
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<br /> �, L.ender on the day monthly paymcnu an duc under the Note,until the Note is pald in full.a sum('Funds")for: (a)yearly taxes �, _
<br /> iand Assessments which may attain rioriry over tttls Securit Instrument as a lien on the Property;(b)Yearly leasehold payments
<br /> . or ground rents on the Property, if�ny;(c)yearly hazard or property insurance pnmiums: (d)yeazly flood insurance premiums, �.`_
<br /> if any; (o)yearly mortgage insurance pnmiums, if any: and(fl any sums payable by Borrower to Leader, In accordance witb ��-
<br /> ' the pmvisions of paragraph 8,in lieu of the payment of cnortgage insurance premiun►s•'ILes;, itams an called "EscroW I�°ms.' 6'�
<br /> �•� Lender may, at any time, collxt and hold Funds in an amount not to excced the maximum am�unt a lender for a federally �'..'.,_
<br /> � ; nlated mortgage loan may require for Borrower's escrow account under the federal Real �statc Settlemeut Procedures Act uf
<br /> 1974 as amended from time to tirne, 12 U.S.C. Section 2601 et seq. ("RESPA'),unless another law that applies to the Funds �"
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<br /> �: sets a lesser atnount. If so, Lender may, at any time, collect ead hold Funds in an amount n.ot to eaceed the lesser amount.
<br /> Lcnder may estimate the aruaunt of Funds duc on the basis of current data and reasonable estimaces of expenditures of future �
<br /> ' F,scrow Items or otherwise in accordana with applicable law. ---
<br /> The Funda shall be held in en institution whou deposits are tnsured by a federal agency, iastrumentaliry, or entity _
<br /> (including Lender,if Lender is such an institution)or in any Federal Home Loan BanSc. I.eader shall apply the Funds to pay the =
<br /> " Escrow Items.Le�der may not charge Borrowar for holding and applying the Funds,annually analyzipg the escrow account, or
<br /> , verifying the Escrow Items, unless Lender pays Borrowor interest on the Funds and applicable law perwits Lendet to mal:e such
<br /> � a charge.However, Lender may require Borrower to pay a one-time chazge for an indepeadent real atate tax report'sng servta
<br /> used by Lender in connoction with this loan, unless applicable law provitks otherwise. Udess an agceement is made or
<br /> applicable law requires interest to be pald. I.cnder shall not be required to g�y Borrower any intcrest or earniugs oa the Funds. �
<br /> Borrower and Lender may agree ia wdting,however,tbat intenst shall be paid on the Fuads. Lender shall give to Bormwer,
<br /> without chuge, aa annual accountin& of the Funds, showing crod[ts and debita ta the Funds and the pwpose for which each
<br /> - -? debic co ihe Functe w�u�ie.Th::funds stt glotlptd�°s:ldlti�r31 s!�!'�tlty f�r all cums aecured by ttt�s SecudcY Insttutttient. _
<br /> �t ,� If the Funds held by Leader eaceed the unounts permltted to be held by applicable law. Leader shall account to Bonower
<br />�r� for the exc�ess Funds in accordana with the requinmeats of applicable law,lf the amount of the Funda held by Leader at any —
<br />= � � time is not aufficieat co pay the Escrow Itema when due, Lencier m�y so n�tify�orrower in writiag, and,ia such case Borrower
<br />=r`�.�, . shall pay to Leader the amount necessary to make up the de�cicncy. Horrower shall make up the daficiency in no more than
<br />�;�;.,.�:.::.,:�,=• ; twelve monthly paymenu,at Lcnder's sole discretton.
<br />_ =",�:..;'?•�_. Upou paytneat ia fu!! of �Il snme stcurr.A i+y rhis Security Instrument. Lender shall promptly refund to Borrower auy
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<br /> _�,,; ..;, •.�_ Puads held by Lender.If,under puagraph 21,Lcnder shall acquire or sell the Properry, Lender,prior to We acquisition or salo
<br />'J` : of the Ptopeccy,shall apply any Funds held by L.ender at the time of Acqvasition or sale a�a crtdlt agatnst the sums aecurod by
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<br /> _�,::;=:.�... � tWs Security Iastrumcnt.
<br /> -:'-�":.��i 3.AppUcatfon ot Payments.l3nleas applicable law provides othetwise,all paymeats received by L.ender onder paragrrplu
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<br /> —:=,—�r�! 1 and 2 sh�ll be appliod:first,to my prepayaxnt ch�rges due under the Note;second. to amounts payable�nder paragreph 2;
<br /> '°-'�`��``� third.to interest due;fourth,to pdncipal due:and last,to any tate charges due under the Note.
<br /> "--°�'��--- 4.Chaeg�+:Lieng.Borrower s6a11 pay al!uues, :�ssessments,charges, fines and impositioas attributable to the Pmp�rty
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<br /> �.`�- which may attaln prioriry over this Security Insm►naent. and(easehold payments or ground renu. if any. Borrower a pay
<br /> �%� `�'=;_, � th�se obligations ia the manner provided in paragraph 2,or if not paid in that mazmer,Borrower shall pay them on time direcdy
<br /> -� �•= • ro tbe person owed paymeat.Borrower shall promptly fumish to Lender all aotias of ainounts to be paid under this paragraph.
<br /> :��t��;,` , if Borrower makcs thesc payments dirxtly,Borrower shall promptly furnish to Lender reaipts evidencing the paymenta.
<br /> . ._�,;,�:. Borrowa ehall promptly discharge any lien which has priority over thls Securtry Insttument unless Borrower:(a)agras in
<br /> .'��` wdting to the payment of the obl3gatlon secured by the lien in a manner acceptable tA Lender; (b)contests in good futh the lien _
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<br /> ��"" b or defends a ainst enforcemwt of We lien in. legal proceedings which W the l.ender's opinlon operate to pneveat the
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<br /> --;,,�?�;-� enforcement of the lien;or(c)sexures from We holder of the lien an agrament satisfaccory to Lender subordinating the liea to -
<br /> =���_��°+• � this Security[nstrument. If Lender determiiaes that any part of the Properry is subject to a lien wWch may attain prioriry over _
<br /> � '. � this Security Instrucnent,Lender may give Borrow�r a notice identitying the lien.Borrower shall satiaSy the liea or talce one or =
<br /> � more of the actions set forth ebove within 10 days of the giving of notice. �
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<br /> Form 302d 9/i0 " "
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