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<br /> TOCiE'THER �VITH ail the impro�•emrt►ts now or hereafter er�trci an the property, and all easements,
<br /> aQpurtenances,and[ixtures now or hereafter a part of the property,r,il rcplacemcnts and additions shall also be covered �
<br /> bq this Security Instrumcnt.AI!of the foregoing is referred to in this Security Instrument�s thc"Praperty.'
<br /> T30�ROWER COVENANTS thet$orrowrr is lawfullg scised of the estate hereby conveyed and has thc right to�
<br /> ; gr�nt and convey thc Property and that the Prop�rty is unencumb..�-rsd, �xcept far tncumbrances oC record. Bc�rroner �
<br /> ; a arrants and will dnfend generally thc titic to the Property against all c;sims and d�mands,subject to sny cncunnbrn�crs�
<br /> ofrecprd. -
<br /> � THIS SECURI'I'Y 1NSTRUM�NT cambines uniform cu�'cnan�s far national use and non'uniform cavenan�ts with M"�
<br /> , limited variations by jurisdictipn to constitute a uniform security instrument covering rcal property. �
<br /> UNIF�RItf CO�•'ENA�]TS.F3otrower and Lender covenant and agree as follo�vs
<br /> � 1.Ps��mcnt o#Principa!and Int�rest;Prcpayrnr.nt and Late Chargcs. Borr��cr shall prnmptiy pay whcn�atae�+
<br /> the princi�;�l of a�rd interest on tihe debt evidenced by thc Note and an}prepayment and!.ate chsrges due under the No:e.
<br /> 2, Fumds Cor"Caxes and Insurance. Subject to applicable law or to a uritten wai�er by J_.ender, I3orrowcr shall
<br /> � pay to Lcnder on the day manthly paymrnts are due iander the Na!e,until the Nnte is psid in full,a sum ("Funci�")f��r;
<br /> (a) �early� taxes and �sments wt�ich may attain priority o��er this Sccurity Instrument as a lien on the Prop�tty; (;h)
<br /> }�carly fe��,schold payments or grauncl rents nn the Proptrty, if anj; (c) yearly hazard or property insuranCe premiurns;
<br /> (d) }•early flood insurpncc prcmiurns,if any; (e)yearly mortgage itisurance premiums,if an3•;and(f)any sums pnya'ble
<br /> by$orrower to Lender,irt accordance with the pro�isians of paragraph 8,in lieu af the payment of mortgage insurance
<br /> premiums.T�ese items arc called "Escrow Items."I.endtr may,at any time,coliett and hold Funds in an amount mot
<br /> to exceec3 t'�e maximum amount a ]ender for a federally rclated mc�rtgage loan may re�uire for 13orrower's escrow �
<br /> acc�unt under the fes3eral Real Estate Settlement Proceclures Act of l97q ss amended from timc to time, 12 U.S.C.
<br /> Sen;;ion 2�5(11 et seq. ("RESPA"),unless another law t�at applies to the F'unds sets a lcsscr amount.If so,Lender may,
<br /> ht ar:r time,collcct and hold I'unds in an amount not to eaceed the Ittser amount.J_.ender may estimate the amount of
<br /> �~�ar.ds di�e c�::the basis of current data and re�sonable estimates of eapenditures o(futuro Escrow Items ar other�a�ise in
<br /> accor<'ance with appticable law. '
<br /> "fh�Funds shall be held in an institution ahose daposits ara insured by a fecleral agency,instrumentality,or entity
<br /> (inc(uding Lender,if Lender is such an institution)or in any Federal}Iome Loan aank.Lender shalt apply the Funds to
<br /> � pag the F;croK It�ms.Lender may not charge Borra�er for holding and appl}ing the Funds, annually analyzing the
<br /> escrow account,or verifying the E,crow Ittms,unless I_ender pays]3orrower interest nn the�unds and applicable'aw
<br /> permits Lender to make such a charge. However, Lender may requiro Borrower to pay a one�time charge for an
<br /> independent real estate tas reporting service used by T,ender in cannection with this loan, unl�ss a�+plicable Iaw provid�
<br /> other�+�ise. t:nless an agreement is made�r applicab'°law rrquires interest to be paid, Lender shall not be required to
<br /> pay Borro�Ger any interest or esrnings on the kunds. Borrow•er and L.ender may agree in writing,hpwever, that inter�t
<br /> shall be paid on the Funds. Lender shsll gt�'e to $orrontr,without charge,an anni3al accounting of the Funds,showing
<br /> credits ar.d debits tp the Funds and the purpose far v�hich each debit to the:��ds was made.The I�unds are pledged as
<br /> additional security for a11 sums securrd by this Sccurity Instrument.
<br /> If the�'unds hcld by Lender esceed the amvunu permitted to be hcld b}•appiicablt laev, Lender shall account tn
<br /> f3orro��•er for the exce.s; F�ands in accordante with the requiremen�s of applicable law. If+he amount of the Funds held
<br /> by Lender at any time is not sufficient to pay the Escrow Items when due,1Jender may so nptify Iiorrower in writing,
<br /> and,in such ca5c Borron•er shall �ay to Lender the amount necessary to makt up the deficiency.Borrower shal) make
<br /> up the deficiency in nn more than twelve manthly payments,at Lender's sple discretion.
<br /> Upon payment in full of all sums secured by this 5ecurity Instr�ment,Lender shall promptly ref�md to I3orro«•er
<br /> any Funds held by- Lender. If, under paragraph 21, I.ender shaq acquire or sell the Property, I_ender, prior to the
<br /> acquisition or sale of thc Property,sf�all app(y any Funds held by I,ender at the time pf acquisition nr sale as a credit
<br /> against the sums secured b}•this Security Instrument.
<br /> 3. Applicatipn o[I'aymcnts. Unle.ss applicah;e (aw pravides o[herwise,all paymenis received by I.�nder undcr
<br /> paragrapl�s 1 and 2 shall be applied: first,to any prepayment charges due under the Nnte;second, to amounts payable
<br /> under paragraph 2;third,to interest due;fourth,ta principal due;and last,t�any late charges due under the Note.
<br /> 4. Charges; Licns. I3orrower shall pay a11 taxes, asse�ments, charges, (ines and impositions attributabl�to the
<br /> I'roperty which may attain priority ovcr this Security Instrument, and leasehold payments or ground rents, if anp.
<br /> Borrower sha11 pay these obligations in the manner prpvided in paragraph 2, or if not paid in that manncr, Borrower
<br /> shall pay thern on time directl}•to the person owed payment.Borrower shall promptly furnish to I.endet al1 notic�s of
<br /> amoimLs to be paid under this paragraph.IY Borrower makes these payments dsrca:tly, Borrowcr shall pramptly furnish
<br /> to I_ender receipts evidencing the payment�s.
<br /> Borro«er shall prumptly discharge�ny lien which has priflriry over this Security Instrument unl�s Borrowrr: (a)
<br /> agrees in writing to the pa3•mcnt o[the obligation securcd by the lien in a manner acceptable to L.ender; {b)cant�ts in
<br /> good faith the lien by, or deFtnds against enforcement of thc(ien in, lcgal proceedings which in the Lender's opinion
<br /> operate to prevent t1�e cnforcement oF the lien; or (c:)secures Prom the hplder nf the lien an agreement satisfactnry to
<br /> Lendrr subordinating the lien to this S�curity Instr��mcnt.lf Ixnder determin�s thAt sny part oF tl�e 1`roperty is subject
<br /> ta a ►ien w•hich may attain priority over this Sec;urity Instrument,Lendcr may givc 13orrower a nntice identifying the
<br /> lien. 33orrower shall satisfy the lien or take one or mnre oF tha actions set forth al�ove within 10 days o�the giving of
<br /> notice.
<br /> F�rm 902! 9/ Q
<br /> �—SHINEI�e•o�uoi n.i.� er e �
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