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<br /> T0CIETHER WITFi all the Improvemenu nox or h�n�fter erected on the r 11`��
<br /> prapeny,And all ments,appurtenances, end
<br /> fixiures now or here�fter � pan of the property, All replacements and �ddidona shwll also be covered by this Sccurity
<br /> lnstrumrnt.All af the foregoing Is refermf to In thli Saurity I��strument ax the "Property,•
<br /> BORROWER COVENANTS th�►t Borrowcr f�lawtully seised of Ihe estwte hereby com�eyed and has the ri�ht to grtnt u►d
<br /> convey the Propeny u�d th�t ttx Property ie utaencumbered, except for encumbrances of rccord. Borrower wurants and wlll
<br />- defend generally the title to the Property again�t all c!alm� and demands,subJeei to any encumbranccs of record.
<br /> THIS SECURITY 1NSTRUMENT conibina unlfomn covenants for natlonal use au�d non-uniform covenants with limited
<br /> variatioru by juriadiction to constitute a uniform security instn►rr�nt covering real property.
<br /> UNIFORM COVENANTS.Borrower and Leador oovenant and aRree as follows:
<br /> 1. P�yment of Princip�l�ad Interest;Pr�pa�y�peet and I.Ate Ctwrgea. Borrower shall promptly pay when due the
<br /> princip�l of and intenst an the debt evidcnced by the Note and any pnpayment and late charges due under the Note.
<br /> 2. �pda [or Taxes and lnsur�ace. Subject td applicable law or to a written waiver by Lender, Bonower shall pay to
<br /> [xnder on the day monthly payrnnts ue due under�he Nate,until the Note is paid in full,a sum("Funds")for:(a)yearly tvices
<br /> u�d assessments w�fch may utaia priority qva ttai�Socurity Instrument as a licn on the Property; (b)yeuly leasehold payments
<br /> ur ground rents on the Propeny,if any;(c)yauly h�zatd or property insurance pmmiums;(d)yearly flood insuranec pnmium�,
<br /> if any; (e)Yearly moctg�ge insuru�ce premium�. if any;and (�Any sums pAyaDle by Borrower to l,ender. in accordance with
<br /> the provi�iope of puagraph 8, in lieu of the p�yrixat of mortgage insurance premiuma.Thase items are called •Escmw Itema."
<br /> Lender may, u aay time, colleq nnd hold Funde in �n amount not to excood the maximum amount n lender for a federally
<br /> relata! mortgage loan may rcquim far Borrower's escrow accow�t under the federal Ral Estate Setdement Procedures Act of
<br /> 1974 as�mended from time to time. 12 U.S.C. Sation 2601 et s��. ("RESPA'),unless another law that applia to the Funds
<br /> sets� lesser�mou�t. If sa. Lender may, at a�iy dme,collxt and hold Funds in an amount not to exceod the lesser xrtwunt.
<br /> L,ender may estimue the arraunt of Funds due on�h�b�sis of curnnt duta and rasonable estimates of expendituns of futune
<br /> F.scrow Ite�ns or othetwiae in�ccordauke with�pplicable taw.
<br /> 'I'he F�nds shall be held in an institution whose depo�i[s are insund by a faleral agency, instrumentality, or entiry
<br /> (including L,ender,if L,nMer is such an institution)or in u�y Pederal Home Loan Bank,Lender sha(1 apply the F�nds to pay the
<br /> Escrow Itectu.Lender cruy not c}urge 8orrower t'a holding and applying the Fur�, aanually apxlyzing the escrow sacount,or
<br /> verltying the Facrow Items,unles�Lender paye Barower incerest on the�nda and appliable law permita L,ender to m�ke such
<br /> a chuga However, L.mder uuy►equin Borrowor�o �y a one-time chuge for an independrnt real estsue taz nporting service
<br /> uxd by Lender in connection with this loan, �nkss ipplicable lew provides otherwise. Ualas an �greecpent�ia made ar
<br /> anplicable I,�w re�nirr�inr�.r,r rn M�„��.�..�n�.�hy,�!^cL�rtquis�!ia psy Lor,�wc�«uj% iuic[tai ui Cui11Ag9 OA[�IC!'UINL.
<br /> Bonower and Lrender m�y a�tx in writiag. bow�ver. ttut interest s6aQ be p�id on the Fw�ds. Lender shtll givo to Borrower,
<br /> : : witl�out cbarge, �n amwl aa�ouating of the Furad�, showing crodita uid debits to the Fwxla�nd.tho,purpose for which eacb
<br /> • dehit to tbe Fwxla wu aude.The Funds are pledged�s Wdition�J securiry for all sums aecured by[his Security lnttrument.
<br /> if the Fund�held by I.rrnderexceed the �moarms pemvttod to be held by�pplicable l�w, l.rnder ah�ll sxount to.Homnwer
<br /> far the eacess Fund.S id�000rdanoe with thc raquinments of applicable Itw.If the amount of thr Fwids held by Leader u my � :
<br /> time is not aufficieat to pay the Ecrow Items whea dtie,I.�nder may so notify Borrowa in writing,and.in auch cue Borrowot
<br /> :hail pry to l.a�da tbe u�wunt axeaauy to m�lee up the deficiency. Sorcawer shill make up thc deficia�cy in ao mor�e ch�n
<br /> M'��'�°��Y WY��,u I.erxkr's sole discretiao.
<br /> Upoa p�yment in full of all suau soc�tred b}�thb Securiry Instrument� I.�ender �hall promptly refurW w Bor�wrr�ay
<br /> Funds held by Lp�der,If,uader puagraph 21,I.euder �11�cquin or up We Property,Lp�der,prior to tde scquisition or s�le
<br /> of the Property, eh�ll �pply �ay FLuds held by Lzoder k the time of�cquisition or sale ns a crafit a�inu the wa��ecuned by
<br /> this Socudty Lutrwncnt.
<br /> ' 3.Appilatbn ot hy�esb,Unlas appli�.abk law pmvidu otherwise,�Il ptyments rccefved�by Lender under pu�rq�tu
<br /> 1 �n1d 2 sh�ll be�pplied:firat, to mY pe+ep�Yment chasga due under the Ncxe; sxond.to enwunts p�yable under para�raph 2;
<br /> diitd!to interest due; foucth.to princip�l due;nd lut� to any lue chuga due undec the Note.
<br /> ' 4. Char�es; Lene.Borrowa sh�ll p�y �II tucs. nsessments.clurges.fina�dd lmpositions utri�butable to`the Property
<br /> whic6 auy att�in priority over tbis Saurity Inurume�nt,and le�,uhold paymeut�or ground nats, �f a»y. Bomower�IWI pay '
<br /> thete obliguiond ui tbe m�uner.provided in Par�gr-�ph 2,or if not paid in that roaaner. Borrower sda�l piy tt�m oa time direaly
<br /> w the pe�wn owed payment.Borrower shall proiaptly fumish to Ltnder tll notiaa of amounts to 6e p�fid under this pat�gnny�h.
<br /> If Borrower m�lca dKSe paymccilsdirecdy.Botrovve�s�ll promptly furnish to Lender roceipts evidericing tt�e prymenu.
<br /> Borrower ah�ll promptly dischnrge u►y lia►whictz has priarity over this Security Insuumeot uNea�Bocroyva:(a)�gcee�in
<br /> writin�to t6e payment of the obli`uion sa.ured by�de Ikn in a m�nner�ooept�ble to Lender; (b)contests in good fvth the lien
<br /> by. a deteads ag�inst rnforoemrnt of the�1•ien in,I�egtl proceaiings which in the Leader's upinion operate to peevent tLe
<br /> enforcemeot of ttr.lien;or(c)saurcs from t!u holder of the lien an�greectxnt s�tisfactory to I,erWer subordinuing the lien to
<br /> t6is Sec�►riry Inatrument If L,enda determines U►at�ay pu�t of the Pn�perty is subjxt to a lien which m�y attaia priority ova
<br /> this Security Insuument,I.ender may give Barrowa a �aticx identifying the lien.Batrower shall sati�fy the lirn or t�ice one ot
<br /> more of the actions set focth above within 10 d�ys of ihe giving of notia.
<br /> ��iRINEI�u�x►.oi Fam 302 !
<br /> ►q.2 a a
<br /> MWMY•
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