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<br /> TO(IETHER WITH dl the impmvementa now or hereafter erected on the pn►p�rty,and all e�acment�,appurtonacea,u►d
<br /> fiaturea now or hereaher a put of the propetty. All repl�csmenta md sdditiona ehnll alw be covered by thi�Secudty
<br /> taat�ument, All of the fon�oing is roferred to in this Secudty In�tnimeat as[he"Property."
<br /> BORROWBR COVENANTS thu Borrower is I�wfully seixd of the estate heroby conveyed and has the riqht to grant and
<br /> convey the P[ope�ty uid thu tha ProP�nY ie unencumberod,zxapt fot encumbrances of cecord. Aorrower wturamu usd will
<br /> defentl�ener�lly ik+e title to the Pruperty ag�inat dl clums nnd decaands,subject to any cncumbrances of record.
<br /> THIS 5ECU[tI1'Y INS1'RUMENT a�mbines w►iform covenuits for nuion�l uee und non•uaiform covanants wi�h timited
<br /> variations by jurlsdiction to constltute a uniform security instrument covering real prapexty. �
<br /> UNIFORM COVENAN'fS.Borrower nnnd Lender covenuit�nd�groe u followa:
<br /> i. PR�meat ot Priucipal end Inta�vt; P�p�y�uwt aod i.Ate Cluir�ed. Borrower�shall promptly pay wh�n duc the
<br /> principal of and intereat oa the debt evide�x;ed by thc Note and aay pnp�yment and late charges due under the Nate_
<br /> 2. Fundr tor Ta�ca�nd Insuranca SubJect to applicable law or to a writtea waiver by Lender, Rotrower shdl piy to
<br /> L.ender on the day monthly payments are duc under the Notr,until the Note is pald in full,a aum("Punds")for:cd> y�ly�+�w
<br /> and assessmeats which mny attain priodty over this Secudty InstNmenc as a lien on the Properry; (b)Y�ar1Y leasehold payments
<br /> or ground rent�oa tiu PmpertY,if any�(o)Yearty hazard or property insuruice premiucns�(d)Yearly flood insurmce pteauums,
<br /> if�ny; (o)yearly mortgage insurance premium�. if�ny;and(fj eay sums payable by Borrower to I..ender, in�cco�dmce with
<br /> tbe provliiona of patagruph 8,in lieu of the payment of mortgnge in�uraace pnrniwas. Thcse items ue called "Escmw Items.'
<br /> I..rnder may, u Any time, colloct nnd hold Funds in �n sinount not ro excad the maximum amount a lender for�fadernlly
<br /> re(ued mortg�ge loan may requin for Borrower's escrow account under the f'ederal Real Estate Settlement Pmcedu�es Act of
<br /> 1974 as uix.'nded fmm time to time, 12 U.S.C.Section 2601 et seq. ("RESPA"), unless Tno[her law that applles to thG Funds
<br /> sets a lesser emount. If so, I.ender may, at aay tim�. collect and hold Funds in an emount not to excad the l�sur amount.
<br /> I.ender roay esNmmte the amount of Funda due on the bisis of current data and reasonable Gstimatcs of expenditura of tutun
<br /> Escrow Items or otherwise in accordence with applic�ble law.
<br /> The Funda ahAll be held in an institution whose deposits are insural 6y a fedoral agency, instcumentality,or rntity
<br /> (including Lender,if Lender ie euch an institution)or in any Federal Home Loan Bank.Lender shall apply the Fuad�to p�y the
<br /> E�crow Items.Lender may not chuge Borrower for hoidtng and applying the Funds,annually arialyzing ihe�saow�ccow►c. or
<br /> verifying the Facrow Items,unless Lender paya Borrower interest on tho Funde end applicable law permita Lender to me�ks�uch
<br /> a charga However, Leader nuy coquire Borrower to p�y a one-dme chnrge for an independent nal estate taa reponlag secvia
<br /> used by Lender in connection with this loan, unless applicable law provides otherwise. Unlw� an egrcement u zsude ur
<br /> applicable law requira interat to be paid,Lender shall not be cequired to pay Bonower Auy intereat or eaming+oa� Funds.
<br /> Borrower and Lender may agree in writing,however, that interest shall be paid on the Funds. Lender sh�ll give ta Borrowrr,
<br /> witi��vt chugc, an:.s�u«!sccAi:at�np�f r�,�FnndA, showin¢ crodita end debiW to the Funds aud the pnrpoee fcsr whicL esch
<br /> debit to the Funda wus mede.The Funda ue plodged as�ddition�l socudty for�Il sum�secured by this Saurity Instmroa�nt,
<br /> If the Funds held by Y.enckr axcad the amow►ts permltted to be held by applicable law,Lender shall account�o Sarrowa
<br /> for the eacess Funds ia aocordwa with the requirementa uf applicable lAw. If the unount of the Funds held by I.eador u any
<br /> time ia not aufficient to pay the Fscrow Items when due,Lender may so notify Borrower in writing,�nd,1n auch c�ue S�orrower
<br /> s)wll piy to I.ender the aznount necessary to make up the defici�ncy.Borrower shall make up the defic[eacy in mo mon thau
<br /> twelve manthly paymenU,at Lender's sole discration.
<br /> Upon paymenc in full of all sums savred by this Secudty Instrument, Lxader shall promptly nfund to Borcowa any
<br /> Funda held by Lender. If,under paragraph 21,Lender shall ecquire or sell the Property,I.ender,pdor to the �cq�+�idon or sale
<br /> of•the Propeccy,sha11 aPPty anY Funds heid by L.eader at the time of acquialtion or sale a+a ccodlt eg�itut the susiu Kcured by
<br /> this Secudty Instcument.
<br /> �.App���p o(paymp�t�.Unless applicable law pmvides otLerwise,all piymenta roceived by Lender uuda par+grapL+
<br /> 1�ad 2 shall be applied:first, to any prepayment charges due under the Note; secoad,to unounts payable w�der pica,gnph 2;
<br /> third.ta iuterest duo;fourth,to principal due;and lest,to any l�te chuges due under the Note.
<br /> �.Char�ce; Lia�.Borrower shall pay�ll taxes,nssessmente,charga+, fincs and impo�itions uuibutable to ihe Pmpecty
<br /> which may attain prioriry over this Security instsumwt, and leasehold payments or ground rents, if any. Horrawer s�ll pry
<br /> d►eae obligation�in the manncr pmvided in par�gct�ph 2,or if not paid in that manner,Bor.rower ahall piy them on ua�directly
<br /> to the person owed pay►nent,Borcower sh�ll pcoinptly furnish to Lender ell notiees of amounts to be paid under tLU paragraph.
<br /> If Borrower makes these payments directly,Borruwer shall promgily fumish to Lender reaipts evidencing the pay�nts.
<br /> Borrower shall promptly discl�arge any iten whicb has priority over this Sxurity Instrument vnless Borrower:(�) sgrces in
<br /> writing to the paymeat of the obligation secured by the lien in a awmer acceptable to Lender;(b)contests in good fdtb the lien
<br /> by, or defends against enforcemenc of the lien in, legal procealings which in the Lender's opinion operate to pt+�vent tde
<br /> enforcement of the lien;or(c)secures from tl�e holder of the Ilen an agmma�t sadsfactory ro Lender subordinatia�ttie Ilen to
<br /> t6is Security Instrument. If Lender determines that any part of the Property is subject to a lien which may attain pdority over
<br /> this Security Instrument, Lender may give Bonower a notice identifying the lien.Bonower shall satisfy the llen or take one or
<br /> more of the xtiuns sot forth above within 10 days of the giving of notice.
<br /> F�ao2e 9�00
<br /> ; �•6RINE)is�i2�.o2 P.w�oe e hu�a:
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