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<br /> T(XilsTl-If;K WITH alf the improvennonta now �r heroafter erxted on the pmpercy, end eli ear,ement�,
<br /> �ppurten�ncoe,�nd fiYtures now c�r hero�fter a ryrc o�the prnperty.All repl�cemenu�and additione ah�ll aleci he cuvercd
<br /> hy thiR 3ecurity tnetrument.All��t the tore�in�iR roterred to in this Sec�irity lnetrumcntas the"1'm�xrty."
<br /> EinkItOWEsN (:UV�NAN'T'S th�t l�rmwer ia law�ully seieed ot the�t�ta herohJ�cc�nveyed and has the ri�ht tn
<br /> �r�nt and rnnvey the Property�nd that the Prnperty in unencumhered, except for encumbraners nf rccord. I�rrc�wer
<br /> x��rnntu�nd will defend �enenlly the title to tFx Property a�ainat all cl�ima and dem�nds,subjea;t tr��ny encumhrenc�
<br /> ut ra;urd,
<br /> TF11S S�CUIti"1'Y INS't'i2UM1'sNT comhe nr., uniiorm covenan�:for nation�l��,�nd non-uniturm cuvcnants with
<br /> limita!v�riatioru�by�'uriediction to conetituu a unitorm�ecurity iru+trument coverin�ral �roperty.
<br /> UNIFORM t'OVG�NA(V1'S, gorrower md I,ender coven�nt�nd�eroe as fnllows:
<br /> I. 1'aymeat ot Principal and Intere:t; Prepayment�nd I,ste Char=ea. Aorrower shell prnmptly pay when d�k
<br /> thr principal of�nd interast on the debt evidenced by the Note�nd any prcpayment end Iste cherges d�k under the Hnte.
<br /> 2. Fund� for T�tes�nd ln�urance. Subjxt to applic�blo law nr to a written waiver by Lender, f�rrower sh�ll
<br /> py tn I..ender on the d�y monthly paymenu+aredue under the Note,until the Note is paid in tull,e sum ("PundS")tor:
<br /> (�) yesrl��uxac�nd a�sments which may at�in prioricy over this Secar.ity Instr��ment as e lien on the Property; (b1
<br /> �•r.arly lea�+ehnld p�yrnrnta or�round ronts on the Property, if any; (c) yearly hezard or property insurance prcmiums;
<br /> (J) yearly flood insunnce premiums,if any;(r.)yea�ly mortQa�e insurance premium�,it eny;end(f)any sums payable
<br /> hy Aorrower to i,ender,i n�ccorciance with the provisions o[p�ra¢rspli 8,in lieu o[the payment ot mort�age insurance
<br /> premiums.'I'hGSe iterns aro c�llod'I�crow Items."Londer may,at any time,a�Urct snd hold Ftmds in an amount not
<br /> to exceed the maYimum imount a lender tor �iederally rclated mort��Qe loan may roquire tor Ho�rowcr's cscrow
<br /> xcnunt under the tederal Rex! Esute Settlement Proceduras Act�t 1974 as amended from tirnc to time, 12 U.S.C.
<br /> tixtion 2601 st sp, ('RFSpA"),uatess another la�v that�pplies to the Funds�ts a iex,ser amount.if sc►,L.ender may,
<br /> it any time,collxt snd hold Funds in an amount not to exceed the le�er�mount.Lender m�y cstim�te the amount ot
<br /> Punde due on tho bisis o�current data�nd rc.as�on�ble eatimatea oC azpenditurcs of futurc Escrow Items or otherNix in
<br /> accordance with applic�ble law.
<br /> The Funda ehdl be held in an institution whosc depnsite aro ineured by a todenl aeency,instrumentality,or entity
<br /> (includin�L.ender,if ],ender ia euch an institotion�or in�ny Federal Home l.oan Bank.Lendershall apply the Funde to
<br /> piy the F�crow Iteme.l.ender may not chu�Borrower for holding�nd applyin� the Funda, snnwlly analyzio�the
<br /> eecrow account,or ven�yin�the F�crow Items,unles�L,ender payR AnrroNer interest on th�Funde and spplicable l�M
<br /> perrnits I,ender to rm�ke euct� a char�e. Honaver, l,ander may require Borrower to pay n one�time charqe for an
<br /> mdeperident real estateux•ropc�rtin�aervice uned by Lender in connection with thiA loan,unlasa applicable law providee
<br /> other�ix.Unleee an ap+eement is made or�ppliable law requiros interest to he pid,Lender ehall not be required to
<br /> (»y BorroMer any intercat or arninQs on the Fimds.$orrower ind Lender m�y a�ree in w�itin�, however, that interost
<br /> ah�ll be p�id an the Fwid�.Le�der ahall give to 8urmwer;xlthn��t ch�f:�sn sn��!��w;:;�;��,!.t�,:,Ra��3�;,�;n,wiry�
<br /> crodite snd debita w the Punde�nd tho_�purpoe�s lor Nhich each debit to the Funde was mAde,7'be Funds�re pledged ae
<br /> Mldidonal eecurity for dl sums exurod by thia Security Instrument.
<br /> II the F�unde held by Lender eYCeed the�mountg.permitted to be held by applicnble lnw,L.G��dor+,shAll��ocount to
<br /> �iti'rrower for the eioeee F�w�db in ecec�rdance with the requirements of spplicable law. It the amount ot,thi�Funde Aeld
<br /> �:by.Lender�t any time ie �pt sufficient to p�y the CsctoM ltems when due, L.ender may so notify Bonnaier in writit�;
<br /> and. in s�kh ceae BorroNer ahall py to Lender the amaunt necassery ta make up the defic{ency. AorroMer ahall makn
<br /> up thq deticiency in no moro than twelve monthly peymcnts,st:I,c:nder's eole diecretion.
<br /> Upon payment in tutl o�all sums axurod by this Security lnstrument,L,o�der eh�ll promptly refund to BorcoMUr
<br /> any Funda held by I.,encler,,dt, under p�ra�nph 2I,�:;ender shall u�quiro ar r�fl the Property, l,ender, prior to the
<br /> soquiaition or aale of the�'roperty,ah{�ll apply any �unds held by Lender at ttio time ot acquieition or eale as a crodit
<br /> • apimt the sums eocured by fhfs Securlty lnsuurnent. •
<br /> ' 3. Applicatioo c�f PaymeaU. Unlcas�ppliable laN provides�.othCrwise,�ll p�yme�sts reoeived by Lender w�der
<br /> P��Pf1e � �d 2 ehal�be applied: firet,to any prcpyment ctu�ges�di�e under the Note;�c+cond,to imounta py�ble
<br /> �mder p�r��raph 2;thi rd,tpintereet due;fourth. w princip!due;and Iset,to sny late charges duG under,thc Note.
<br /> 4. Cbu�; Lisoa Bnn�oMer eh�ll p�y al l yY�;a�,eemonta, char�ea, tines and impoeitione attr.ibiitable to the
<br /> 1'ruperty Mhich may acuin.priority over this 5ecurity Inatrument, and laseiwld payments or �tound�,.rqpta, if�oy.
<br /> BorroMK ehall th bliRadone in the m�nner provided in pva�raph 2, cx it not paid•i�that m�nrbr, Borro�er
<br /> slull p�,y them�i�inl��ly to the pe�+non owed pymant.$orroNer ah�ll promptly turnish to L,ender�I!notic�of.
<br /> emounom to be p�id under thjs(�n�raph,l�BorroNesr mafces th�e p�yments dirxtly, Horrower sh�ll promptly furiiis}�,
<br /> to Lender roceipte evidaK.�ing the paymenta. • • „..,i.
<br /> aO^'°MOf�+��Pr'omp�1F dieclurge�ny licn rhich hae priority over thi�Secl�rity Inet�ument unleeq�o" w �I`�a��:
<br /> �..��L f.
<br /> a a e e�i n �r i ti n�t o t h e p�y m�n t o f d►e o b l i p t i o n e e c u r e d b�t h e lien in a manner aocepU b le to L e n d e r;•�(b)'contC+euq�.jti;:
<br /> good tuth the lien by,or defends apinat enforoement ot the liin in, le�al pr�a,�eedinga Mhieh in the Le�der'e opinioix�
<br /> operate to prevent the entoroement of tbe lien; or(c)eecurois trom the holder�t the lien�n��ror,ment�at�s�actory to
<br /> I.ender eu�bordinatin� the 1 ien to thie Security lnstrument.If I.ender cleterminhs that any p�et ot the Pro�e�;,y is eUbject
<br /> , to� lien Mhich m�►y atuin priority qver thia Security Irurtnhnent,Lender may�ive HorroMer�nodce�eientifyin�ttw
<br /> lien. BorroMer ah�ll satiefy the lien t�r Uke one or moro ot the�ction�set forth above Nit6in 10 d�ys of the�ivin�o}
<br /> notioe.
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<br /> �-�IIMIEI�a�:�.o� �+A �2� !�M
<br /> . r.�.t.r• InitiNr.��'1�`�'
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