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<br /> -�=�;�s� TOGETHBR WITH all thc improvcmcnts now or herenfter erected on the pro�erry,and all easements,appunenances, and
<br /> ��'�°=__= fixtures now or hereafter e art of the r� rt AU re lacements nnd additions shall ulso be covered b this Securit
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<br /> - ''� Instrument.All of the foregoing is referred ro in chis Securiry Instrument as the"Properry."
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<br />=`_"�'';,'��„"J BORROWER COVENANTS that Borrowcr is lawfully selsed of the estate hcrcby convcycd and hns thc ri�ht to grant 1nd
<br /> �.�-�_;•>-, convey the Property and that the Propeny Is unencumbered, cxcept for encumbranccs of record. Barrower wareants and will
<br />�`?°�° � defend generally the title ro the Property against all claims nnd demands,subject to any encumbrances of record.
<br /> �"`� THIS SECURITY 1NSTRUMENT combines uniform covensnts far nadonal usc a�id nan-uniform cavenants with limited
<br />-�-°_'�J�—!= variations by jurisdictlon to consNtute a unifarm securlty instrument covcring rcal propeny.
<br />_,�_.��,�•-�� UNIPORM COVENANTS,Borrawer und l.cnder covenant and agrce as follows:
<br /> - 1. Paynunt af I'riz►clpul and Interest; Prepaymcnt and LAte Cherg�. Borrawer shall prompNy pay whcn due thc
<br /> ,���� princlpal oF and interest on the debt evidenced by the Note and any prepayment and late charges due under the Note.
<br />--�,�-- 2, �nd� for Taxes and InsurAnce. Subjxt to applicable law or to a written weiver by Lender, F3orrower shall pay to
<br /> Lender on th�day monthly payments arc due under thc Note,ur�til the Note is paid in full,a sum("Funds")for: (a)yearly taxes
<br /> ,�`�'�''x� and assessments whlch ma attain riodty over thls Securit Instrument as a llen on the Pro rt (b)yearl leasehold a ments
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<br />"=�`-�_•' ' or ground rents on the Property,If any;(c)yearly hazard or property insurana premiums; (d)yearly flood insurar,ce premiums,
<br /> i�_�,-y:;
<br />_�-_:�,�,� if any; (c)ycarly mortgage insurana premium�, if any;and(� any sums payable by Rorrower to L.ender, in accordxnce wIth
<br /> _-__�� tlie provisions of paragraph 8, i�n lieu of the payment of mortgege insurance premiums.These itetns are called "Escmw Items."
<br /> -�"� Lender may, at any time, collect and hold Funds in an amount not to ezcecd the maximum amount a lender for a federally
<br />-`f����a related mortsage loan may require for Borrower's escrow account under the federal Real Estate Settlement Procedures Act of
<br /> '��.�,,,,� 1974 as amended from time to time, 12 U.S.C.Section 2601 et seq. ('RESPA"),unless another law that applies to the Punds
<br /> ?=;,��� sets a lesser amount. If so, I.end�r may, at any time, collect and hold Funds in an amount not to exceed the lesscr amount.
<br /> °"���`� Lender may estimate the amount of Funds due on the basis of cunent data and reasonable estimates of expenditures of future
<br /> 'v :a? Escrow Items or otherwise in accordance witli applicable law.
<br />`�?� The Funds shall be held in an institucion whose deposits are insured by a federal agency, il�strumeatality, or entiry
<br /> -""''�'��' (including Ixnder, If Lender is such an institution)or in any Pederal Home Loan Bank.Lcnder shall apply the Funds to pay the
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<br /> -=.�= Escrow Items. Lender may not charge Bonower for holding and applying the Funds, unnually analyzing the escrow account,or
<br /> ;u��� verifying the Escrow Items,unloss Lender pays Bonower interest on the Funds and applicable law permits Lender to make such
<br /> '°HI"°°`�'=- a charge. However, Lender may requin Borrower to pay a one-time charge for an independent real estate tax reporting service
<br /> --- - = used by Lender in wnnection with this loan, unlcss applicable law provides otherwise. Unless an agrament is made or
<br /> �_:���:�.� applicable law requires interest to bc paid,l.ender shall not be required to pay Bon�wer nny incenst or eamings on the Funds.
<br /> - Borrower and Lender may agree in writing, however, ihat intcrest shall be paid on thc Funds. Lender shall give to Horrower,
<br />- -=� without charge, an annual accounting of the Funds, showing cradits and debits to the Funds and the purpose for which each •
<br /> debit to the Funds was made.The Funds are pledged as additional security for all sums secural by this Secudty Instrument.
<br /> II lRC FLLLISS I1Gllj Uy LGtIC�GI GAC4:C:�Ilii.sti;:,ui.ts��:II122�SO�C::eld��8pp!�.sble l��,T Nnrl�T cha�l arrnnnt t�Anrrower _
<br /> for the excess Funds in accordance with the requinments of applicable law. If the amount of the Funds held by I.ender at any
<br /> time is not sufficient to pay the Eacrow Items when duc,Lender may so notify Bonowcr In writing,and,in such case Borrower
<br /> shall pay fo Lender the amount necessary to make up the deficiency. Borrower shall makc up the deficiency in no mon than
<br /> twelve monthly payments,at Lender's sole discretion.
<br /> .�.�_ Upon payment in full of all sums secured by this Sxurity Instrument, l.ender shall promptly rcfund to Borrower any
<br /> _-� Funds held by Lender.If, under pazagraph 21,Lender shall acquire or seU the Property,I.ender, prtor to the acquisition or sale
<br /> of the Property,shall apply any Funds held by I.ender at the time of acquisition or sale as a credit agalnst the sums securecl by
<br /> --•--� this Security Instrumcnt.
<br /> 3. Appllcation o[Payments. Unless applicable law provides othenvise,all payments reccived by Lender under paragraphs
<br /> 1 and 2 shall be applied: first, to any prcpayment charges duc under the Note; second,to amounts payable under paragra�h 2;
<br /> third,to interest due;fourth,to principal duc;and last. to any late charges due under the Note.
<br /> — 4. Charge.s; Llee�s. Borrower shall pay �11 taxes, assessments, chargcs,fines and impositions attdbutable to the Propercy
<br /> which may attain priority over this Security Instrument, and leasehold payments or ground rents, if any. Borrower shall pay
<br />-- these obllgations in the mnnner provided in paragraph 2,or if not paid in that manner. Borrower shall pay them on time directty
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