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<br /> 'I'OGETHER WITH ap thc impravcmen�w rtow an c�rcuttcr crcctcd on �hc pra{rcrry,nnct nll cuscrnci�ty, +�pp���t���������:'�• iiiiil ;r
<br /> � fixtures now on c�rcaf�ec u part ot thc properry.All rcplaccmcntv nnd ad�liUon�shull�d+o i�c cavcrul hy Ihi� ticcurfly In+�rumrnt. _
<br /> ; RII of thc foregoing ic rcfencd to in this Sccurlry lnsuumcnt us Q�c"Pr�peny."
<br /> ,..,. BORROWER COVENANTS Ihat Borrowcr is lawfutly scisc:d af thc cstutc I�c►cby a,uvcyc�l��nd h:�.� thc rq;hl �n i�nu�!nn�l
<br /> convey the Property and thut the Property is unencumbered,axeept for encumbrnnces uf record. Itinrrower wntrn���+ wul w01� � ,. .`4-=_
<br /> defcnd gcncrally Ihc uUc w chc Propcny c►gai�st all claims and dcmnnds,�ubjcct to uny cncumhrunccs nf record. N,
<br /> THIS SECURITY INSTRUMENT c:ombincs uniform covenan�v f�r nationul u�c und nun-uniform cuvcnamy wltl► Ihniinl� _
<br /> � variations by jurisdicuon to canspturc a uniform sccuriry instrumcnt covcring rc�d property. r
<br /> i11VIFORM COVENAN7'S.Borrawcr nnd I..cndcr covcnunt ond agrcc uy fallows: W��l.�� �����. il�� �
<br /> 1.Payment ot Principai wnd Interest;PrepAyment and I.pte ChxrRcn. Iiorrawcr shall pronq�Uy puY ( -
<br /> . principal of and interest on thc debt cvidcnccd by thc Natc and any prcpaymcnt ynd latc chargcs duo widcr Ihc Notc,
<br /> 2.Funds tor Taxes and Insuranca Subject to upplicablc law or to a written wnrver by I.endcr, l�c�rrower Nbull pay tu � �
<br /> � Lcndcr on thc day monthly paymcn�g arc duc undcr thc Notc,unul thc Notc is pnid in full,u sum("Funds")for.(u)yuulY W�cy � .
<br /> and asscssmcnts which may attain priority avcr this Sccurity lnsuumcnt as n licn on thc Property;(b)ycurly Icuu:�udd Ii�Yttkn4y
<br /> or ground rents on thc Property.if any;(c)ycarly hsu.urd or propcny insuruncc prcmiums;(d)ycurly ticxxl insurw�cc prcmiume,if � _
<br /> any;(e} yearly mortgage insurance pramiumq,if nny;and(�any sums payable by Barrow�r u�l.ender,in uc:cordunc�with ihc
<br /> provisions af paragraph 8, in licu of the payment of mortgage insurnnce premiums. Thesa ltems are cnllcd "t:u:ruw ItemS." _
<br /> Lendcr may,at any dme,collect and hold Funds in nn a�nount not w excccd tha maximum umount u Icndcr for u fc4lcrully rr.latccl
<br /> mortgagc loan may rr.quirc for porrowcr's cscrow nccount undcr Ihc fcdcral Rcul Estttta Sc:ticrnent Proc:ccturcy Act af 1h7A uy
<br /> amended From time to dme, 12 U.S.C,Secdon 2601 et seq. ("RESPA"),uniess nnother law thut applics tc�the Funds tic4w u Icsu:r -
<br /> ���� the amountof Funds due on the�basis of eurccntdaWuand reasonsblc�cstimatc.ot cxpcnduures of futu c Esc:r wnl cmv c r �
<br /> �y • estimatc .
<br /> othcrwise in accordancc with appUcablc law.
<br />• The �un ds s h a l l b c hc l d in a n i n s t i t u d o n w h o s c d c p o s i t s a r c i n s u r c d b y a f e d c r a l�+gcnc y,instrumcntulity,or cntity(includfnK
<br /> Lender, if Lcnder is such an insuwdon) or in any Fcdcral H�me Loan Bank. Lcndcr shall epply thc Funds tc�pay th�Eurow .
<br /> Items.I.ender may not charge Borrower for holding and applying the Funds,annually analyiing the c�crow eccount,or verifying
<br /> _ ����w ty�y,��,�L���rr rayc Borrowcr intcrest�n thc Funds and applicablc law permits l..cndcr to mukc such a chugc, �
<br /> However,Lender may require Borrower to pay a one-dme charge for an independent reai estate tea rcPorii�►�x:�iw u::c�n� � .
<br /> Lender in conrecdon with this loan,unlecs applicable lav� providcs othcrwisc.Unlcss an agrecment is madc or applfceblc law ,
<br /> requires intcrest co bc paid.Lcnder shall r�ot be requircd to pay Bonowcr nny intcrest or eamings on the Funds. Borrowcr und
<br /> L.cnder may agsec in wriung,howevcr,that interest shall bc paid an thc Funds.L.endcr shull givc to Borrowcr,wtthout charge,an '
<br />- ' annnal accounting of thc Funds,showing crcdits and dcbits to thc Funds und thc purposc for which c;ac:f��icblt w i;��Fu�.�s w�.; __
<br /> l made.The Funds are plcdgeci as additional securiry for ell sums secured by this Sccurity Instrument. �;--��-=•-
<br /> If the Funds hcld by Lcndcr cxccecl the amounG�pcmiiucd to bc hcld by applicable law,Lendcr shall account to Borcowu for [
<br /> the excess Funds in accordance with thc rcquircments oP applicablc law.If thc emount of thc Funds held by Lcndcc nt any time is �'--�
<br />� •'� not sufficien c�a un e�������c up thc defici ncy go of a ao�t'�a1�cmnke up the deCi Ecncy innoBma cWthan twl Ive �.
<br /> � to 1.cndcr th
<br /> monthly payments,at Lender's sole discrcdon. F=
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<br /> Upon payment in full of all sums sccurcd by this Sccurity Instrumcnt,Lcndcr shall prompdy rcfund to Borrowcr ony Funds "
<br /> hcld by i.endcr.If,under paregraph 21,I.endcr shall acquirc or scll the Property,Lendcr,prior w ihc ocqutsiuon or salc of 11�c �- -
<br /> Y propecey,shall apply any Funds held by Lender nt the time of ecquisipon or sale ns a crcdit aga�nst thc sums secured by U�is I�-_._
<br /> � Security Instrumen� �:�
<br /> 3.Application of Payments. Unless applicable law provides otherwise,all paymr,nts reccived by Lender under pur�gruphs _
<br /> �� 1 und 2 shaU be applied: first,to nny prepayment charges due under the Note;second,to an►ounts payable undar paragraph 2;
<br /> � third,to interest due;fourth.to principal due;and last,to any late charges due under the Note. _-
<br /> 4. Charges;Liens. Bonowcr shall pay all taxcs,assessmcnts, chtvgcs, fincs and imposidons auribuWblc to Ihc Property
<br /> ' which may attain priority over t his Sec u r i t y I n s t r u m e n t,a n d l c a s e h o l d p a y m e n t s o r g r o u n d rent�,if an y.Bortower shall pay ihcsc
<br /> � obligadons in the manncr provided in paragrnph 2,or if not paid in that manncr,Borrowcr shull pay thcm on time dircctly Io thc ___��
<br /> person owed paYm�►t��urcower ahall prampdy furnish to l.ender ull nouces of amaunts to be paid under this paragrapt�. If �--�—__-__
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<br /> Borrower makes these paymenis direcdy,Borrower shall prompily furnish to Lender receip�5 evidencing►he payments. ,.�-.--�-
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<br /> Bonowcr shall prompQy dischargc nny licn which has prionry ovcr this Sceurity Insuumcnt unless Borrowcr: (a)agrccs in :.t .:�s�a�;'
<br /> writing to the payment of theobligation secured by U�e lien in a munner acceptable to Lender;(b)contests in good faith the licn ^ Y . _„_
<br /> by, or defends against enforcement of the lien in, Iegal proceedings which in the ?..ender's opinion operatr to prevent Qie • �'��
<br /> entorcement of the lien;or (c)secures from the holder of the licn an agrecment satisfactory to L.ender subordinating ihe lien►o
<br /> this Security Insuument.If Lcnder dctezmines that any pan of the Property is subject to u licn which may iuuun prioriry over this
<br /> Sccuriry Instrumcnt,L.cndcr may givc Borrowcr a noucc idenutying Ihc licn. Borrowcr shall sausfy Ihc licn or u�lcc onc or morc
<br /> of the acqons sct forth abovc within 10 days of thc giving of noticc. porm 3o1e ��oo
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