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<br /> TOGETHER W1TH �11 thc improv�mcnis now on c�rcaftcr crccted on thc property, and ell cascmcnta, appurtcnanccs,and
<br /> � fixt�res naw on c�rcaitcc a pan of�hc pro�erty.A11 rcpleccmcn�q and additions shall also bc wvcrcd by thie Sceurity Insuumen�
<br /> AU of thc forcgoing la refcmd to in Ihis Socwlcy Insvument av thc"Property:'
<br /> . BU1tROWER COVBNNVTS ihat Borrower is lawfupy sciscd of thc cstata heteby convcycd and has U►e right w$rant end
<br /> convey the Property and that the Pro�xrty is unencumbucd, Gxcept [or encumbrances of record. Borrower wnrrants and e,ill
<br /> ''� defend geneceUy the fltle to the Propa'ty�Bainst all claims and demands,subject to eny encumbrances of record. -
<br /> ����, THI5 SECURITY INSTRUNQ�NT combines uniform covcnants for nadonal usa and non-uniform covcnants with limitcd
<br /> ��,,,,�r vaziations by jurfsdicdon to constituta s�unifom►socurity instrumcnt covcring rcal property.
<br /> UMFORM COVENANTS.Borrowu and I.cndex covenant and agrcc as foUows:
<br /> � 1.P�yment ot Priacipal And Iaterat;Prep�yment�nd Late Charges. Borrowcr shall prompdy pay whcn duc thc `
<br /> fi,. principal of and intcrest on the debt evidrnced by the Noic and any prepaYmcnt and late chargas due under the Note. ': _
<br /> ?� 2.Funds tor Taxes�nd Insurana. Subject w applicablo law or to a writun waivcr by Lendcr. Bonowcr shall pay to
<br /> � Lendcr on the day monthly payments are due undcr thc Note,undl the Nou is paid in fiill,a sum("Funds")for.(a)yearly taxes �:e
<br /> and auessments whkh may auain prioriry ovcr this Sccurlry Inswmcrtt as a lien on the Propercy;(b)yearly leasehold payments �~_
<br /> � or ground re�ts on the Proputy,if eny:(c) yearly heztud or property insurance premiums;(d)yearly flood insuranee premiums,if E�__
<br />- any;(c) yearly mortgege insurancc prcmiums,if any; and(�any sums payeble by Borrower tn I.ender.in accordance with the _:-
<br /> � �� provisio�s of para�aph 8, u� licu ai the payment of mortgage insurnnce premiums. 'I1�ese items aze caUed"Escrow Items." ��
<br /> I,ender m�y,at any time,collcct ond t�old Funds in an amount not w excced�hc maximwn an►ount a lea�der(or e federally rc:latcd �_
<br /> ' moagage loan may require for Borrnwer's escrow account un3er tbe federel Real Estate Settlement Procedures Act of 1974 as �
<br /> amended from tune to timc,IZ U.S.C.Section 2601 et seq. ("RESPA"),unlcss anothcr law that applies to ihe Funds sets a lcsser _
<br /> ��nG If so,under mey, at eny tirtie, coqect and hold Funds in an amount not w exceed the lesses amounr,I.e�tder may
<br /> F cstimate tM amonnt of Funds due on the basis of current data and n;asonable estimates of expendiwres of fuuue Escrow Items or
<br /> otherwise in accordance with applicablo law.
<br /> `r The Fands shaU be hdd in an insdtutian whose dcposits are inswcd by a federal agency,inswmentality.or cndty(including
<br />_ ' ,� Lcndu, if Lendu is such an insdwdon)or in any Fcderal Homo L.oan Bank. Lcndcr shall apply the Funds to pay the Fscrow
<br /> - �� Items.Lender may not charge Bocrower for holding and applying the Fuuds,annually analyzing the escrow account,or vuifying
<br />- • . the Bscrow Items,unless Lendu pays Borrowu intcrest on the Funds end applicable law permits L.ender to meke such a charge.
<br />��, � However,L�nder may require Bomoxrr to ImY a one-timc charge for an independent real estau tax reporting service�sed by
<br /> -='r.'` .;�•.+�•`•-� Lender in wnnocdon with thi.g loan. unless epplicabie iaw pcovide.o oihcrwi�.L«i��,a��nc�st is mzda os apgli�sD!$Lzs: •
<br />"-.�. � requires lntcrest to be paid,Lendu shall nat be requlred w paY Borrower any inurest or eamings on the Funds.Hurrowtr and
<br /> '�'��•.• � '. Lende�may egrce in writing,however,that interest sha11 bc paid on Ihe�unds.Lendcr shall give to Boraowar,without chergc,an
<br />'-'�.=.:,';,.,.•'.�,., annual accoundng of thc Funds,showing credits and debits to thc Funds and the purpos�for wMch each debit to thc Funds waa
<br />"'`�`�"�f�� mada The Funds are pledged as additiaial security for all sums secured by this Security Instrumen�
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<br /> _ -�-::.�:"�__ . If the Funds held by Lcndcr caceed the amounts pecmiued w be hcld by appticablo law,Lender shall account to Borrowcr for
<br />=��,a-,.� the excess Fonds in accc�rdance with iNe requirements of epplioabie iaw.If U�wuouttt af thc Fcui�h:ld bp Le.R�cr at eny Nmc;e
<br /> -��;<�,�, not sufficient w pay the Escrow Items when due,Lender may so nodfy Borrower in writing,and,in such case Borrower shall pay
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<br /> `�'"', to Lendu the emount necessary eo malce up tha deC�eiency. Bocrower shall make up the defieiency in no moce than hve ve
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<br /> _;�.r�c�',,.,.,: ' monthlY PeYments.at Lendu's sole disaetion.
<br />�"'=f;��;,''�_�, � Upon payment in fuU of all sums aecumd by thLs Sccuriry Instrumcnt,Lcnder shnll prompdy refund to Barower any Funds
<br /> � ��a��""� held by Lenda.If,under paregraph 21,Lender shall acquire or sell tha Pmpecty,Lendu.pria to the acquisition or sak of the
<br /> --�r����`�'' ' property,shull epply any Fluids heid by Lcnder at the tima of acquisiuon or salc as a credit against the sums secured by this
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<br />-- Security Insarument
<br /> _�_.���Y 3.Applicatbn ot Pwyments. Unloss applicable law pmvidos othocwise,ell payments roceived by Lcnder undu paragrnpfis
<br /> _.,,,,;;�,"'''�;: � �2 shall be epplied;CuYSt,to any prepayment cherges dna under the Nobe;secor►d,to emounts payable under parag�aph 2:
<br /> ,:��^��`�' � third,w interest due;foucth,to principol duo;and tast,w any late charges due under the Note.
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<br /> -- 4.Clu�rga;L(ens. Borrowu shall pay all ta�ces, assessments, charges, Mes end impositions attributablc to the Property -
<br /> ��°;T��� which ma attain priority over this Saurity Instn�ment,and leaschold payments or ground rents,if any.Borrower shall pay these
<br /> -A;q�'��„_' obL'gadons in tho manner providcd in paragcaph 2,or if not paid in that manner,Berrower shall pay them on dme diroctly w the
<br />—.;_:��_,� person owed paymen� Bnrrower shall promptly furnish w Lender all norices of amounts to be paid under thia paragreph. If
<br /> '=.���� Borrowu makes these payments dlreclly,Borrower shall prompdy fumish to Lender receipts evideacing the payments.
<br /> " -�''� Borrower shall prompdy discharge nny llen which has priodty ovu this Socariry Instrument unless Bosrower.(a)agrees in -"
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<br /> -- ,.�,.,,�.„ wrinng W the payment of the obllgadon socnrcd by the lien in a manner acceptable w Lender,(b)contests in good faith the lien
<br /> ''t�`' by, or deiends against enforcement of the lien in, legal proceedings which in the L.ender's opinion operat,e to prevent the =-
<br /> = '..;1'✓" t :
<br /> __ . .�-;•�: cnforc�cm�t of tho lien;or(c)socures from the holdcr of tha licn an agreement satisfacwry to Lendu subnrdinating the Ikn to � .
<br /> `''��.+`•:; �•. ihis Sxnriry InstrumenG if Lei►dot determines that anY Pazt af the Property is subject to a lien which may attain priority over this =
<br /> � � � Security Instrument,L.endor may give Boirower a nobco identifyin�the lien.Borrower shall satisfy the lien or take one or more _
<br /> -' ' �•� of the acdons set forth pbove within 10 days of tho giving of nodce. -
<br /> ��. � . Form�02/ Y/YO
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