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<br /> TOGfiTHER WITH�1i the improverr�nts now or here�fter erected on the property,md all euerilE�,app r erunc���
<br /> tiutura now or hereafter t p+rt ot the propeny. All repiacements �nd �ddidons shill �Isn be covered by thi� Sauriry
<br /> Inrttumene. All of che foreQoin�is nferred to in this Security Instrument�s the "Propeny,"
<br /> BORROWER COWBNANTS that Borrower is I�wfully sels�d of the est�te horeby conveyed u►d hes the right to eru►� and
<br /> convty the Property u►d that the Pmper►y is unrncumlxred, except for encumbr�nces ot record. Botrower wxrrants and will
<br /> C,fend�enerdly ihe dUe to the Property��urut all claims�nd&mmds,subJect to�ny encumbrances of record.
<br /> TH1S SECURiTY 1NSTRUMENT combine:unifortn covenmis for nuional use and non•uniform covenants with fimited
<br /> vuiuions by audrdiction to corutitute a uniform�ecurity instrurt►ont coverin�real property.
<br /> UNIFORM COVENANTS.Borrower and I.ender covenant uxi�gree as follows:
<br /> 1. Prywent of PriaclpYl aud Iititer�; P�rep�y�meat aad Late Charea. Borrower shall promptly p�y when due the
<br /> princip�l of u�d in�enst on the debt evidenced by the Note�nd my prcp�ymem uM 1ue chu�es due w�der the Note.
<br /> 2. Fund� for iaxe��ad lmur�na. 5ubject to applicable l�w or to �writtrn waivcr by Lender, Borrower shrll p�y to
<br /> L.andor an the diy monthly p�ymenu ue•dne under the No�e, uncil the Note is paid in fuli,A aum('Funds")far:(a)yeuly axc:
<br /> �nd Neseuments which m�y�tudn pdority aver this Security Irutrument u a lien on the Property;(b)yearly leasehold paymente
<br /> or grou�xt rents on the Propeny,if my: (c)yeuly huud or property inwruxe promiums;(d)yeuly flood insuru�ce premiums,
<br /> if any; (e)Yurrly n�ong�e insurar►ce premiums, if sny: u�d (� an>'s�:�s piyable by Rorrower to L.ender, in�caordana with
<br /> the provi:io�u of para�raph 8, in lieu of the prymeat of morcg�e insuru�ce premiums. These lte� ue c�lled 'Escrow lterns.'
<br /> I,eader may, at any lime, ooUect md hold Fwids in str xnow►t not to exceed the mRZimum amount a lender for� foderally
<br /> relaud moxt�age.loap m�y require tor Borrnwa's escmW�coun�under the federal ftaal Eaate Setdement Prooedures�Act of
<br /> 1974�amauled from time to time, 12 U.S.C. Section 2601 d seq. ('RFSPA'),unlas uather�aw�hac�PP�ia �o the Funda
<br /> �ets a laser�a�ount. If�o, Leoder mry, u any time. coUxt u�d bold Fw�ds in an+muunt na to ucaed tbe la�a amoant.
<br /> l,ender piay estimste the amount of Funds due oa the buis of curnrnt dua�nd nasonable atimnes of tacpenditures of huurc
<br /> Facrow lte�or othrnviie in sccordutoe with�pplicable ltw�.
<br /> The Funds sh�U be beld in m institution wdose depcxits ue incured by a federtl �eacy. inswmenwliry, or eatity
<br /> (includine Leader. if l.ender is such�n inatitntion)or in aay Feder�l Home 4wm Banlc• L,ender siull �pply the Funds to pay the
<br /> F�cm�v[tem�. Leader m�y not chu�e Bocrowa for haldiag and applyin�the Funds.aanually an+lyzin� tbe acrow�co�uu,or
<br /> vaityinj[he Fxrow Itemc,ualas l.ender pay:Borrower incerat oa the Fw�da aad applicable laM pecmip l�eader co make such�.
<br /> �cb�rje. Horvever,Leader may roquin Borrowu to pay a one•time chu�e for w iadependeae te�l aatC wc reportin��ervia
<br /> u�ed by Lraoder in connection with thic loaa, unlas applicable law provida ott�erwite. Unlas m yreement io m�de or
<br /> appllcable ltw n;quins interest to be paid. L.ender shall not be required to p�y Borrower uiy intaa[or aminp on the Funds.
<br /> gormwer iod Leader m�y�ra ia writin�, however, thu Intaest shall be paid oa tht Funds. Leader stull �ive to Borrower,
<br /> witban�e,an�unu�l �ccountit� of the Fw�ds, ahowin�crcdits aad debiu to the Fuads aod tbe purpou for which each
<br /> debit co the Fuads wu m�de.The Funds�re pledged as additional sxwiry fa aU wnu ucured by this Sewnty lastnuaeat•
<br /> If t6e Fuadt Deld by Leader exoeed We�mooats permiaed to be hcid'oy appiis:a`vLc i�w, �i�:h:lf:uau:it ia,°.a:rs°'� _
<br /> for tbe e�Funds in�ceord�mes with the requimneats of�pplic�ble law.!f the�moant of tl�e F�nds hdd by I.eader u a�ry
<br /> time u Ao[su[ficimt to pry the Facrow Itema whar due. Lender m� so twti[y Borrower in writin�. �ed.in sucd cafe Boevw�er
<br /> �11 p�y to�l;�eader rhe mwuac naas�y ta make up ehe deficieacy. 8orrowa shaU m�lce up the deficiaocy ia no mo�e thu►.. �
<br /> twdve monthlY PiY�a.at L,mder'a sole discretion. " .
<br /> Upoo paymeat in fuly ot�ll wnn:zecvred by this Securicy Iasuumeat. I.ender shall promptly refund w Bomower any
<br /> F�md�beld by LEader. It,under pary�r�ph 21.I.wder s1Wl acquirc or sell the Property,I-ender,Prior c°the aoqui�tan°r s�le
<br /> or tbe Prnpaty,t,6au,qplr.ny Funds heta by Laider u che ume of,�cqu;,idon or�ue u a«+eait aa�inu the wm��ecured bY
<br /> tN�SeWriry Imttwaeat ,;:
<br /> 3.Applic�tlor af h�mb.Udas applkable law provides otherMise,all paymants reoeived by L.eada uoder parqtapb�
<br /> 1 �od 2�1W1 be a�pplied:first,w mY P�+Y��d�arges due under the Nde: �eoond. to �, � uode��ta�paph 2:
<br /> t�ird.uf intcRat due;fourth,to priocipal d�t:ad lasc.to aty late c�srEes due under the Nate���►s��
<br /> 4.eVert; I.M�.Boreower shall pay�ll wca, as�uesmeats,oha�es, fwes �d impo�icioos mribucable co the Property
<br /> which mzy�ott�in p�ioriry over thii Securih' Inuruman�md kafehold_'paymeau or Qtuuad c+eatt. if aay. Borcower s6�11 p�y .
<br /> t6e�e obli=�oos in tbe m�aner provided in par�r�ph 2,or if aot p�id ya th�t�r� BorroMer�hall pary them oo Wx direcd'y�-
<br /> .a d�e pason oMea p.ymeac. eonow�er se.11 p�ompc�y furaisb to l.mda all noc;oes of amo�mu w be p.ia unaer tl�it p�:�.,:
<br /> ' Ir Bono.Ma malces►hae p.ynxa[s diraxly, Bomower sh�q pmmpUy fumiah�o L�eodet rexiqs evLd�encin�the wr��. ;,. :
<br /> � BortoMer eha11 pmmpcly di�rae ury�Um w6kh tus priority ova this Securiry lnstrumm u»ku BorroMer:(i) apeet:i�n:
<br /> w�ritln�co�e p1'ynknt of the obliguioa sec�ued by the lien in t nynr�acaPuble to L,aider:(b)co�qesu in 400d f�ic6 tbe lien � .
<br /> ' .by. or deteods asiinst eatoteemeat of ihe lien in. I�gal pmoadins�which in the l.ender'e apinfon operiae co pre�'eat dk
<br /> tipforcaoeat of the lirn;or(o)savra from the holderbf the liea.m �reemeat suis(aaory to Lender subordia+aia�tLe liea to
<br /> thi�Sxurity lastrument, !f Lrnder de[ermines ttut any part of ehe Pr�perty is subjxt to a tiea which m�y atuin prioriry mer
<br /> thi�Securit.r Instrument,L,ender cruy give Borrower a naice idcnlifying tbe lien. Borrower�h�Jl satitfy the lia�or tilce one or
<br /> , more of the sctiotu scc fo►ts above withia 10 dtys of the gi�ing of noti�c.
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