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<br /> TO(iETHSR WITH aU thc icnprovements now or hereafler erected on the property,and ull casementy,uppurtenunces.und '
<br /> fixtures now or hereafter u part of the propeny. All replac�ments nnd additions shall ulso be covered hy this Security
<br /> Instrument.AU of the foregoing is referred to in this Security lnstrumcnt us the "Prc��xrty."
<br /> E30RROWER COVBNANTS that Bucrowcr is luw(ully seised of the cstatc hereby canvcycd nnd hus the righl ta gru�tt and
<br /> convey thc Property cuid that the Pruperty is unencumbered,except for encumbrunces of recorJ. Borrawer wurruntti unef wip
<br /> defenJ gcnerally the title to the Property uguinst ull claims and demnnds,subjcct to uny cnrumhr:uices of record.
<br /> THIS S�CURITY iNSTRUMENT cambines uniform covenants for nationul usc and nnn-unifurm cavenants witli limited
<br /> vari��tions by jurisdiction to contitiwte a unifarm security imtrument covering real propeny.
<br /> UNIFORM COVENANTS.Borrowcr and Lendcr covcnant;uxl ugr�x ati fiilluws: -
<br /> 1. Payment of Prtncipal and Interest; Prepayment and Late CharRes. Barr�WCr sl�all promptly pny wl�en due the
<br /> principal of und interest on the deb�evtdcnced by the Note and any prQpuyment and late churges due under the Note.
<br /> 2.Fhnds tor Taxes,�ad Luurs�nce. Subject ta applicable luw or ta u writtcn �vuivcr by [.cnder. Barrower shull pay ta
<br /> Lender on thc day monthly payments are due under thc Note,until the fVote is patd in full.u sum("Funds")f��r:(u)ycarly taxcs
<br /> and assessmcnGS which may uttxin priority over this Securlty Instrumcnt as a licn on the Property;(b)yearly lensehold paytnents
<br /> or ground rents on the Property. if any;(c)yeurly hazard ar property insura�ice premiums:(d)yearly fload insur.mce premiu�ns,
<br /> if uny;(e1 yearly mongage insurance premiums, if any: and(� any sums payabls by Rarrower ta i..ender. in acca�bance with
<br /> the provisions of paragraph 8, in lieu of the payment of mortgage insurnnce pmmiums.These items are called"Escrow Items.'
<br /> Lcnder may, at any time, collect and hold Funds in an amount not to exceed the maximum amount a lender for a federnlly
<br /> reluted mongage laan may require far Borrower's escrow account under the federal Real Estate Settlement P�+ocedures Act af
<br /> 19'l4 as amendal from time to time. 12 U.S.C.Sectlon 2601 et seq. ("RESPA"),unless another law that applies to the Funds
<br /> sets a lesser amount. If so, Lencler may, at any time,collect and hold Funds in an sunount not to excad the lesser amount.
<br /> i.ender may estimate the amount of Funds due on the basis of current data and reasonable estimates of expenditures uf[uture
<br /> Escrow Items or otherwise in accordance with npplicable law.
<br /> Thc Funds shall be held in an institution whose deposits are insured by a fedcrai ngency. instrumentality, or entity
<br /> (includ[ng I.ender.if I.ender Is such an instttut[on)or in any Federal Home Loan Bank.Lender shall apply the Funds to pay the
<br /> Escrow�tems. Lender may not charge Bornowcr for holding and applying the Funds,unm�ally analyxing the escrow account, or
<br /> verifying the Escrow Items,unless Lender pays Barrower interest on the Funds and applicuble law permits Lender to make such
<br /> a charge. kiowever, Lender may require Borrower to pay a one-time charge far un independent real estate ta�c reporting servia
<br /> used by I.ender in connection with ihis loan, unless applicable law provides otherwise. Unless an agreement is made or
<br /> appltcable law requ'rres interest to be puid.Lender shall not be required to pay Borrower any intcrest or e�rnings on the Funds,
<br /> Borrower and L.ender may a�ree in wrlting, however,that intemst shall be pald on the Funds. Lender shall give to Borrower,
<br /> .,,i�4�,�t�}�ar�r�, an annual accounting of the Funds, showing credits and debits to the Funds anci the purpose for which each
<br /> debit ro tha Funds was made.The Funds are pledged as uddirional secu�ity for alt sums secured by chis Suurity l�,stiu�rli.
<br /> If the Funds held by I.cnder excer.d the amounts pern�itted to be held by appltcable law.I.ender shall Acoount to Borrower
<br /> for the excess Funds in accordance with the requirements of applicuble law. If the amount of the Funds held by Lender at any
<br /> time is not sufficient to puy the Escirow Items when due.Lender may so notify Borrowor 1n writing,and,in sucli casc Borrower
<br /> shall pay to Lender the amaunt necessary ca make up the deficiency. Borcower shall make up the deficIency in no moro tban
<br /> tweive monthly paymcnta.at Lender's sole discretion.
<br /> Upon paymcnt in full of all sums secured by this Securiry Instrument, L.ender shall promptly refund to Horrower any
<br /> Funds held by Lender.If,under paragraph 21,[.ender shall acc�ulre or sell the Property,Lender,prior to the acquisition or sale
<br /> af the Property,shall apply any Funds held by Lender at the time of acquisition or sale as a cr�dit ageinst the sums sccuxed by
<br /> this Security Instrument.
<br /> 3.Application of Pxymente.Unless applicuble Iaw provides otherwise.all paYments received by Lender under paragraphs
<br /> 1 and 2 shell be applied:first. to any propayment cherges due under the Notc; second,to amounts p�yable under paragrdph 2;
<br /> third,to interest due;founh,to pdncipal due;and lnst,to any late charges due under the Note.
<br /> 4. Chwrges;Liens.Borrower shap pay all tax�,assasments,charges.fines and imposltions attributable to the PropErty
<br /> which may attain priority over this Security Instrument. and leasehold payments ur ground rents. if any. Borrower shall p�y
<br /> these obllgations in the manner pmvided in paragraph 2, or if not paid in that manner,Borrower shail pay them on tirrto diroctly
<br /> to the person owed payment.Bormwer shall prompNy furnish to Lcndcr all noticrs of amouats to be pald under this par��ph.
<br /> If Borrower makes these payments directly,Borrower shalt promptiy furnish to I.ender reaipts evidencing the payments. :
<br /> Borrouer shall prompdy discharge any lien which has priadty over this 5ecurity lnstrument unl�s Borrower:(a)agnes in
<br /> writing to the payment of the obligation securc�by the lien Irt a manner acceptable to I.ender;(b)contGSts in good f�ith the liai
<br /> by, or defends against enforcement of the lien in, legal proccedings which tn the Lender's opinion operate to prcvent the
<br /> enforcement of the lien;or(c)secures from the holder of the lien an agroement satisfaccory to Lender subordinaNng the lien to
<br /> this Seeurity Instrument. If Lender determines that uny purt of the PropeRy is subject to a lien which may attain prioriry over
<br /> this Security Instrument, Lender may give Bonower a notice identifying the Iten.Borrower shall satisfy the lien or teke ono or
<br /> more of the actions set forth above within 10 days nf the g[ving of nottce.
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