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<br /> " 5 TOGETHER W1TH all thc improvemcnts �ow on c�rcaftcr crc�t:tcd on thc pro rty, and all easements, _
<br /> � appurtenances,and fixtures now or hereaiter n part of thc propen�. A�II replacenun�s und �dd tions shall also be c;overed —
<br /> '� by this Security Instrument. All of the foregoing is r�ferred to In this Srcurity In�trunxnt as[he"f'roperty." _
<br /> '' Boeeowce roveNeNTS that Borrower is lawfully seised of thc cstatc hereby wnvcycd and hus the nght to grant and ____
<br /> � � convey the Property and that the Property is uneneumbe;red, �xeept for encumbrances of record. IiorroW�r warrants and —
<br /> ��,{,� will defend generally the title to the Property against all clafm.s a��d dcmands, subJe,�ct io nny encumbrances of record.
<br /> ,�}�}'.�: , TI�IS SF.CURITY InsrRUMEN'r combines uniform covenants for iiational use and non-uniform covenants with limited �
<br /> �'"`""' � variations by jurisdiction to constitute a uniform security instrument covering rcal property.
<br />,�: UNir•oRM CovENr.r+rs.Borrower and Lender covenant and agrc�e as follo gs; p� P a when due
<br /> ' 1. Payn�ent of Principal and Inter�t; Prepayment And Late Char a. Borrawer shall r m �y P Y
<br /> �� the principal of and interest on the debt evldenced by the Note and any prepayment end late charges due under the Note.
<br /> � 2.F�nds for Taxes and Insurance. Subject to applicable law or to a wrltten waiver by Lender,Borrower shall pay
<br /> d,�. to Lender on thc day monthly payments arc due undcr the Note, until the Notc is paid In fu11, a sum("Funds") for: (a)
<br /> yearly taxes and assessments which rrwy ettain priorit�over this Securlty Instrument ag a lien on the Property; (b)yeariy
<br /> �' '� leasehold payments or ground rents aa the Property, if any; (c)yearly hazard or property insurance premiums; (d)yearly
<br /> flood insurance premiums, if any; (e)yearly mortgage insurance prrnuucn�� if u►Y�uid(tl any eur►u aysble by Borrawer
<br /> to Lender, in accordance with the provielona of paregraph 8, in lleu of the payment of rnortgage �nsurance premiums•
<br /> • ' These items are called"Escrow Items." Lender may, at any tlme, collect and hold Funds in an emount not to caceed the
<br /> ��t: maximum amount a lender for a federally related mongage loan may requirc for Rorrowcr's escrow account under tlic
<br /> '� fedetal Real Estate Settlement Procedures Act of 1974 as amended fram time t� time, l?. U.S.C, § 2601 et seq.
<br /> ' ,~-'"s.:<.• ("ItESPA"), unless another law that applies to the Funds sets a lesser amount.lf so, Lender may, at any time, collect and
<br /> • hald Funds in an amo►uit uot to excced thc Icsser amount. Lender may estimate the amount of Funds due on the basis of �
<br /> ,,;,:••ti, cunent data and reasonable est�mates of expenditures of future Escrow Items or otherwise in accordance with applicable
<br /> -- ��' law.
<br /> 'lfie Funds shall be held in an institution whose deposits are insured by a federal agency, lnstrumentality,or entity
<br />-�'.,;,�,.���,~ (including Lender, if Lender is such an institution)or in any Pederal Home I.oan Bank. 1-ender shall apply the Funds to
<br /> - . • pay the Escrow Items. L.ender may not charge Borrower for holding end applying the Funde, annually analyzing the
<br /> ' ' ,,_• ' escrow account, or verifying the Escrow Items, unless I.ender paya Borrower interest on the Funds end applicable law
<br /> �''''����' permits Ixnder to make such a charge. However, Lender may rcquire Borrower to pay a onadme charge for an
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<br />=:,�t`.;;:.." independent real estate tax reporting servlce used by Lender in connection with t�is loan, unless applicable law provi es
<br />_�,.t�. ,,:• othenvase.Unless an agreement is made or applicable law requires interest to be��id. Lender ehall notbe rcquired to pay
<br /> Borrower any interest or eaznings on the Funds,Bocrower and Lender may agree m writing,however. Ihat interest shall bc
<br /> `"��-_��-�;.;�;;. paid on the Funds.L.ender shall give to Borrowar,without charge,an annual eccounting of the Funds.showing credite and
<br />==-:Y:•''i,s:�' deblts to the Funds and the purpose for which each debit to the Funds was mada The Funds are pledged as additional
<br /> - .. :-�' ;�;c::ty fo:a!!sums s?���rrxl hv[hiF Securitv Instrument. ���rr ;y�! :.;,:.auni fo
<br /> ^�=�^�?�`r�'� If the Funds held by L.ender execed the aznounts pecmitted to be heid by nppiicablc iaw,
<br /> "�-"�--'�. Borrower for the excess Funds in accordance with the requuements of applicable lew. If the unount of the Funde held by
<br /> ==''�="°'��� I.ender at any time is not sufficient to pay the Escrow Items when due,Lender may so notify Bonower In wdting,and, in
<br /> __ '�;W,;;;L;� such case Borrower shall pay to Lender the amount necessary to make up the deficiency. Borrower shall make up the
<br /> —�-���'�r�u��� deficiency in no more than twelve monthly paymen[s,at Lender's sole discretion.
<br />—=�-L�±?�r� Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower
<br />------:�,•��: any Funds held by I.ender. If, under paragraph 21, Lender shall acquire or sell the Property,, Lender, pcior to the
<br /> _�- acyuisiuon or s�le of the Pro�erty, shall apply any Funds held Uy Lender at the time of acquisAton or eale as a credit
<br />—w f�� against tlie sums secured by[his Security Insttument.
<br /> 3. Application of Paytnents. Unless applicable law provides otherwise,all payments rec,�ived by Lender under
<br />—�"`""=a'-''�`'- ara ra hs 1 and 2 shall be applied: first, to any prepayment charges due under the Note; second, to amouncs p�Yable
<br /> v �' und e paragraph 2;third,to intarest due; fourth,to principai due;and lest,to any late chazges due under the Note.
<br /> _���� q. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines end impositions attributabl if Yc
<br /> Property which may attain priority over this Security Instniment, and leasehold payments or ground�reonne,sOWCr shall
<br />--'�?������ Bonowcr shall pay these obligations in the manner provided in paragraph 2,or if not�a►d in that manner,
<br /> '��'��� pay them on time duectly to thc person owed paynient. Borrower shall promptly turnish to Lender all notic;es of amounts
<br /> �-��� to be paid under this paragraph. If Aonower makes these payments directly, F3orrower shall promptly fumish to Lender
<br /> �=��`��`-�,�" receipts evidencing the payments.
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