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<br /> TOGBTHBR WITH all the improvemenu now or htreaher eratedon the property, and all easements,a}�dltl�ll�SYn
<br /> fixture� now or hereaher a p�n of the Property. All repl�ments uui Additlons shall also be cavered by this Security
<br /> In�trument.All of the foregoing i�referrod to In thls Socurity Instrumentas tho"Propecty."
<br /> BOTtROWBR COVEIdANT5�het Borrower i�lawfully seised of the cstAte hereby canveyed and has thc right to grant and
<br /> convt:y the Propeny and thu the Property is unencuml�ered, ex�ept for cncumbrances of record.Borrower warrants and will
<br /> defend generally the title to the Property egainst all claims and demands,subjxt to uny encumbrances of record.
<br /> THIS SECURITY INSTRUM�NT combines uniform covenmt3 for natlonal use and non-uniform covenants with limited
<br /> v�rintions by,jurisdic:tion to constitute a uniform security instcument eovering real propeny.
<br /> UNIFORM COVBNANTS. Borrower and I..ender covenant�nd agtte a�follows:
<br /> 1. P�ymrnt of Principwl wnd Interest; 1'repayment pnd l.�te Charge!w. Bonower shall promptly pay when due thc
<br /> principal of and interest on the debt evidenced by the Note and any prep�y.ment and late charges due under the Note.
<br /> 2,Ftind�tor T�ucea And InsurAnce. Subject to applicable law or to a written waiver by Lendcr. Borrower shall pay to
<br /> Lender on the day monthly payments are due undcr the Note,until the Not�is paid in full,a su�n('Funds")for:(a)yearly taxes
<br /> and asussments which may attain priority over thls Security Instn►m�nt�s a lien on the Property;(b)yoarly leasehold payments
<br /> or ground rents on the Propeny,if any;(c) yearly hazard or propecty insurance pnmiums;(d)yearly floai insurar�ce premiums,
<br /> if any;(e)yearly mortgage insurance pnmiums� if any; and(� any sums payable by Bonower io Lendcr, in accordance with
<br /> the provisions of paragraph e, in lieu of the payment of mongage insuruice premiums. These items are called"Escrow Items."
<br /> L.ender may, at any time, collect and hold Funds in an amount not to exceed the maximum amount a lender for a federally
<br /> relsted mottgage laan maY require for Borrower's escrow account under the federal Real Estate 5ettlement Procedures Act of
<br /> 1974 u amendal from time to tinx, 12 U.5,C. Section 2b01 et seq. ('RESPA"),unless ano[her law that applies to the Funds
<br /> se[s a lesscr amount. If so, l.ender may, at any time, collec[ and hold Funds in an amoun[ not to exceal the laser amount,
<br /> Lender may estlmate the amount of Funds due on the basls of current data and reasonable estimates of expenditures of future
<br /> Escrow Items or othenvise in accordance with apPlicable law.
<br /> The Funds shall be held in an institution whose deposits are insural by a fedcral agency, in�trumentality, or entity
<br /> (including I.ender,if Lender is such an institutiun)or in any Falernl Home Loan Bank.l.ender sh�ll appiy the Funds to pay tbe
<br /> Escrow Items.[.ender may not charge Borrower for holding and appZying the Funds,annually analyzing the escrow account.or
<br /> verifying the F.scrow Items,unless I.eMer p�ys Borrower interest on t�e Funds und applicable l�w peimits Lender to make such
<br /> a chuge. However, Lender may requin Barrower to pay a one-time c6uge for�n independent real estate tax reporting scrvice
<br /> uscd by I.ender in cunnection with t}►is lo�n, unless applicabl� law provides otherwise. Unless an agreement is made or
<br /> applicable law requires interest to be paid, I.ender shall not be required to pay Bonower any interest or eamings on the Funds.
<br /> Borrower and Lender may agree in wdting,however,that intenst shall be paid on thc Funds.Lc:tder shall give to Sorrower,
<br /> �it�hc��i rh�o�, ar� annual accountin¢of the Funds, showing credits md debits to the Funds and the putpose for which each
<br /> debit to the Funds was made.The Funds aze pl�dged as additional security for a11 sums secured by th�s security Inscrumcni.
<br /> If the Funds held by I.ender excad the amounts permitted to be�eld by applicable law, Lender shall account to Borrower
<br /> for the eacess Funds in accordance with che requirements of applicable law, If the amounc of t�e Fimds held by Lender at any
<br /> time is not sufficient to pay the Escrow Itemc when due, I.onder may so notify Bonower in writing,and,in such case Borrower
<br /> shall pay to Lender the amount necessary to make up the deficiency.Borruwer shall m�ke up�he d�f ciency iu no mon than
<br /> twelve monthly payments,at Lender's sole disc^etion.
<br /> Upon payment in fu11 of all sum� secured by this Security Instmment, Lender shall promptly refund to Bonower any
<br /> Funds held by Lender.If,under paragraph 2l, Lendcr shall acquire orsell the Property, L.ender,prior to the acquisition or sale
<br /> of the Property, sha11 aPP1Y any Funds held by Lender at the time of xquisition or sale as a credit against the sums secured by
<br /> this Socurity Instrumet►t.
<br /> �,. Ap���p�yp�ept�,Unless applicable law provides otlunvise, all payments rocetved by Lender under paragraphs
<br /> 1 and 2 shal�be app��ed; first,ta any prepayment charges�ue und�r the Note;seaond, to amounts payable under paragr�ph 2;
<br /> third,co interest due;fourth,to princip�l due;and last,to eny late chuges due under the Note. ��,��`� � y
<br /> 4. Charges;Lien9. Borrower sh�ll pay all taxes, a5sessments. charga, fines wd impositi t It to the Pro rt
<br /> which may atttin priority over this Securiry Instrument, and ieasehold payments or ground rrnts, if �ny. Boaower sh�ll pay
<br /> these obligations in the mu►ner provided in paragraph 2,or if nut paid in that manner,Borrower shall pay them on cime dinxtiy
<br /> to the person owed payment. Bonower shall promptly fumish to Lender all notices of amounts to be paid under this paragraph.
<br /> If Borrower malces these payments dinctlY,Borrower shall promptly fumish to Lend�r rxeipts evidencing the payments.
<br /> Borrower shall pmmptly dischazge any lion which has priurity over this Sacurity Instrumeat unless Borrower: (a)agras in
<br /> writing to the payment of the obligation securod by the lien in a mann�r acaptable to I�ender;@) c;ontests[n good faith the lirn
<br /> by, or defends against enforcement of the lien in, legal proceedings whiclh in the Lender's opinion operue to prevmt the
<br /> enforcement of the lien; or(c)secures from the holder of the lien an agrament satisfxtory to Lender subordinating the lien to
<br /> — this Sxurity Instrument. If L.ender determin�s that any pan of the Propeny is subject to a lien which may attain priority over
<br />_ this Security Instrur►xnt, Lender may give Borrower a notice identifying the lien. &:rrowcr shill satisfy the lien or take one or
<br /> — mote of th�actions set forih above within 10 days of the giving of noiica.
<br /> Form 302s 9180
<br /> — �•6RINEl�szizi.oz Ppe2ot6 iMaas:
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