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<br /> TOOP.THER WITH ell the improvement�nc�w or hercuAer crcr�rcf�n the pm�xny,aix!ull�c98 q�
<br /> fixturc� now or Ixrc�fter a p�rt af the pmpeny. Ail rcplxement� rnd acidi�lon� shall ul+o bc: covered hy thic Sa;urity
<br /> Inurument. All of th�•forcYoin�is rcfcrrod�o in this Securlry Ins�rurr�ent us ihc "Prapeny,"
<br /> BORROWER COV�NANTS that Born�wer is Iwwfully seiyeJ of lhe esiwtc hereby conveyctii•rnc! has the right t�►grarn und
<br /> convey Ihe Property and tFwt the Property iti unencumtx�ai,excrpt fe�r encumhruixes o(rcYOrd, &mower w�urrantti �ixl will
<br /> defend�a�nlly ttx Utla to the Properiy ag�►Inxt�II clrims�nc!dem+�nds,suhJa:t lo any encumbrances��f record.
<br /> THIS fiF.CURITY INSTRUMF.NT axnhines unifarm cnvenun�s fnr na�iiinal uce a►xl numuniform covenan�s wldi Ilmitcel
<br /> vuiatioru by jurisdiction to consti�ute�uniform security instrun�ent cavering real property.
<br /> �INIFORM COVEtVANTS. &►rmwerpncl l.eixie�coven�u and�grce+�s followc;
<br /> 1. Ppyment of Princip�l �nd Intera�t; Prep�yment �nd l.�te Cluirges. &,rcower shall prc�mp�ly puy when due the
<br /> principal of ar�d interest on the debt evidenced by the Notc end any prcpayment s�nd late charges duc urxfer the Not�.
<br /> x. FY�ndu tar Taxa rnd Ineurance.Subject to applicable Is�w or to a wrilten wAiver by I.ender, Borrower shall �wy ta
<br /> Lerxk�on the d�y manthly payments are due under the Ncue,until the Note is paid in full,a sum("Furxfs")f�r:(a)ycarly lazes
<br /> and�ssesaments which nu�y attain priority ovtr this Socurity lnvtrument as a lia�on the Propeny; (b)yearly leasehold payments
<br /> or ground nnts on the Property, if�ny;(c)yearly ha•r�nci or propeny insurence prcmiums;(d)yexrly flaxi insurance prcmiums,
<br /> if rrry; (e) yearly me►rtgage insurnnce prcmiums, if any; and(� any sums payable by Borrowe�to Lender, in accordarxY with
<br /> the provisions of paragreph 8, in lieu of the pnyment ot'mortgage insurancc premiums. These items are called "Escrow Items."
<br /> I,ender may, at any time, colloct +�nd hold Fut�ds in an amount not to exceed �he maximum amour.t a lender for A fodorally
<br /> rel�ted mortgage loan may require for Borrower's escrow accaunt under the fodernl Real Estate Setdement Pracedures Act of
<br /> 1974 ss amenaed from time to timc, l2 U.S.C. Section 26Q!rt seq. ("RESPA"), unless am�ther law that applies to the Funds
<br /> seta a lesser amount. If so, Lender may, �t any time, collect and hold Funds in an a�nount not to exceed the lacser anaunt,
<br /> L.ender mty estimate the amount of Funds due on the basis oF current data anci reasonable es�imutes of expenditurea of futuro
<br /> Escrow Items or otherwise in acrnrdancc wi�h applicable law.
<br /> The Funda shall tx held in an institution whose deposits are insurod by a federel agency, instrumenlality, ar entity
<br /> (including I.ender, if Lender is wch an instiwtion)or in any Foderal Hume Loan Bank. Lender shall apply the Funds to pey the
<br /> Gcrow ltema. Letxier rnny not chvge Bortower for holding wd applying the Funds,�nnually unslyzing tt�e escrow accouM, or
<br /> verifyin`the Escrow Itema,unless Lerder p�ys Borrower interest on the Funds and appticable Irw permits l.ender to rnake such
<br /> a charge.However,I.ender may rcquire Bormwer to pay a one-time charge for an independent real estAte tu rcporting sen•ia
<br /> uaed by L.ender in connection with this loan, unless applic�ble law provides otherwise. Unlas an agrcement ia m�de or
<br /> applicabk law roqairc�+interest to be paid,Lender ahall not be required to pay Borrower my interest or eaminga on the Funds.
<br /> Arxmwr.r anci Irrder may a��ee�ia writin¢,however, �hat interest shall be�id on the Funds. Lender shall aive to Bormwer.
<br /> without chargC, an annwl acco�uating of�he Furds, showing credits wd debits to the kunds and the purpose for which a�cft
<br /> debit to the Funda wos nude.The Funda ure plodgal as sdditional security for all sums secured by this Security Instiumcnt.
<br /> If the Fwda held by Lerde�exooal the amount4 pern►itted to be held by applicable law, I.rnder shrll�cc.�ount to Bortower
<br /> for the excess Funds in�a�ordance with the requirements of�pplicable law,If the amount af the Funds lxld by I.eMer at�ny
<br /> tia�e iR rat su�cient to pay the Fscrow Items when dua,I,snder may so ratify Borrc►wer in writing,and, in such case Sorrower
<br /> sbd�'pay tn LeadCr the amount neccs.s�ry to mdce up the d�ficiency. eorrower shall make up the deficiancy in no mcne than
<br /> ,. twe�ve'i�orHhly paymrnts,at I.erxkr's solediscretion.
<br /> � Upon pryment.ln full of all sums socured by this Sa.vrity Instnurxnt, I.ender stull promptly refund to Borrowa�ny
<br />' punda hdd by I.erder.If,under.paragnph2l. Lerxier shall acquioe nr sell the Properry, Lender,priorto the Aoquirition or sde
<br /> of the Property,sfwll apply anp�unds held by Ltnde�at the time of acquisition or sale as u credit ageins[�he aua�a secueed by
<br /> this Security Inwum�t.
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<br /> 3.AppAkation of Pa,�.Unleas�Qplic�ble law provides aherwixe.�11 paymdnts reaived by Lenda under p�ryraphi
<br /> 1 and 2 shall be aQplied: first,to AnY P�Y�t charBea due undsr the N6te: soamd. to�mounu pRy�ble under p�ra�r�ph 2;
<br /> ����°� third�to inteneat due;founh,to principal due; and lau,to nny late chuges due under the Nae. .
<br /> ' . ; �M. Ch�r�a; I.kas. Borrower shall p�y all uxes, aaeessm�nca, ch�rges, tina and impositions attrl¢ut�blo to the PmpMy
<br /> w�hic�.��mry auain priority over this Savrity inStrument, u�d k's►aehold paym�nts or ground tents, if any. Borrower sh�ll pay
<br /> tbae obligationt in the rr�nner provided in para6raph 2.or if not pnid in that manner,Borrower shall py ttrcm on time directly
<br /> to the pereon owed�ayment. Bc�rrower s1Wl promptly furnish to Lender al,l notias ot amounts to be paid undu this para�r�ph.
<br /> If Bocrower m�ke�ihea�e prymenta diroctly,Borrower shall pranptly fumisfi to l,ender noaipts evide�i¢ing tFr.pymaus. -r
<br /> Borrower slu�l!'promqly disch+�rge�ny lien which has priurity ove�this Security Inswment unless Borto+ver: (a)agrxs in
<br /> wridng w the pyment of the dilig�tion securod by the lien in�m�nner ncceptable ta Lender; (b)contests in good faith the lien
<br /> by, or defends �gainst enforcement uf the lien in, legal pracbo�iings which in the C.4nder's opinicm opawte to prevent the
<br /> enforament of the lien;or(c)xcures from the hotder of the lien�n agroement s�tisf�ctory.lo Lender sq¢ordinuin=the lien to
<br /> thi: Security Inetrumrnt. If I.encier detertttines that any prrt of the Property is aubject to A lien which may�ttin priority over
<br /> thi�Socurity Inurumrnt, i.ender mty give Borrower a notice Identifying the lien.Borrowcr shall.s�tisfy the lien or take one ar
<br /> mone of the�ctiona set forth above within 10 days of the giving of noticx,
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