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<br /> •.';•°� TOG�THER WITH all thc impravements now or hereafter ercct�l on the proti�ert�, and all cascn�cnts, appurtenances, and
<br />"�'�'`s�y' fixtures now or heteaRer a part oF the propeny. All replacements and additions shall also be covered by �his Securiry
<br /> -=��'� Instrutnent. All of the foregoing ia refened to in this Secu�ity Instrumcnt as the "Prapeny." "=
<br /> ,:;�.�• BORROW�R COVENANTS that Borrowcr is lawfully seised of the cstatc hcrcby convcycd and has thc right to gran[and __
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<br />-- , convey the Propeny �nd thet the Propeny is uncncumbered, except for encumbr�nces of record. eorrower warrants anci will =
<br /> �.r �. + , defend generally ths tiQe to the Propeny against all claims:u�d demands,subject to any encumbrances of r�cord. `
<br /> ,;;.;'�? THIS SECURITY 1NSTRUMENT combincs uniform covena�ns for nati�nal usc and non-uniform covc�rants with limitcd
<br /> •� � variations hy juriuliction ro constitutc a wiiform sccurity instrumcnt covcring rcal property. --
<br />':a.�?:�..: .� UNIFORM COVENANTS.Borrovrer and Lender covenant and agrec as follows: -
<br /> °- 1, PnymeM of Princlpol and Interest; Prepwyment ond Late(:hpr�as. Borrower sl�.�ll promptly pay when duc thc
<br />',� principal of and interest un the debt evidencetl by the Note and any prepayment and latc charges duc undcr the Note.
<br /> 2, Fu�ds tur Taxes and Insu�nce. Subject to applicablc law or to a written waiver by Lrnder, Borrower shall pay to
<br /> •-,�,� L.endcr on the day monthly payments are due under the Notc,until thc Note is Qaid in full,a sum("Funds")for:(a)yearly taxcs
<br /> ac��t assessments which may attain priority over this Security Instcument as a lien on the Propeny; (b)yearly leasehold payments
<br /> r����'�'��' or ground rents on the Property,if any;(c)yearly hazard or propeny insurance premiums;(d)yearly tlood insurance premiums,
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<br />-_��H,of� if anY; (e) yearly tnortgage insurance premiums, if any; and(� any sums payablc by Borrower to L.ender, in aczordance with
<br />°:�,:;___ the provisions of paragraph 8, in lieu of the paymen[of mortgage insurance premiums. These items are called "Escrow Items."
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<br /> ,t�..;;:,�,� L.ender may, at any time, collect and hold Funds in an amoun[ not to exceed the maximum amount a lender for a federa y
<br />•�<'�'•-�*- related mongage loan may requirc for Borrower's escrow xeount under the federal Real Estate Settlement Proceciures Act of
<br /> .__-;.;�;i� 1�74 ac amended frorr:time to time, 12 U.S,C. Scction 2601 u scq. ('RESPA'), unless another law that applies to the Funds
<br /> `-��''� scts a I�sser amount. !f so, Lend�r may, at any time, collect and hold Funds in an arnount not to exceed the lesser amount.
<br /> ����'���� Lender may estimate the amount of Funds due on thc bzsis of cuncnt data and reasonable estimates of expenditures of future
<br /> ='x�• M Escrow items or otY�erwise in accordance with applicable law.
<br />;�:&e:�`• The Funds shall be held in an institution whose deposits are insured by a federal agency, instrumcntality, or entity
<br /> :�.,���.—� (including Lender,if Lender is suc6 an insticution)or in any Federal Home Loan Bank. Lender shall apply the Funds to pay the
<br />,�,.,;;�, Escrow Icems. i.cnder may not charge Borrower for halding and applying the Funds,annually analyzing the escrow account,or
<br /> --��� verifying the Escrow Itcros,unless l.ender pays Borrower interest on the Funds and applicablc law permits l.ender to malce such
<br />�"�'..�.- a charge. However, l.endcr may require Borrower to pay a onc-time charge fur an independent real estate tax rcponing service
<br /> �.�'i:j;-, uscd by Lencler in connection with this loan, unless applicable law provides otherwise. Unless an agreemcut is made or
<br />-���x`?",..:� applicablc law requires interest to be paid. I.ender shall not Uc required to pay Boriower any interest or earnings on the Funds.
<br /> °=_-"'w Borrower and I.endcr may agrce in writing,howaver, that interest shall be paid on the Funds. L.ender shall give to Borrower,
<br />__ �` w��h�nt charee_ an annual accounting of the Funds, showing credits and debits to the Funds 3nd the purpose for which exh
<br /> °�����'�� debit to the Funds was made. 'Ihe Funds aze pledged as additional security for all sums secured by this securiry inscrumcni.
<br /> -'� �_� If the Funds held by Lendcr exceed the amounts percnitted to be he(d by applicable law, Lender shail account to Borrower
<br />_---,,,.:�� for the excess Funds in accordu►ce with the requirements of applieable law. If the amount of the Funds held by Lender at any
<br /> � - - time is not sufftcient to pay the Escrow Items when due,C.ender may so notify Borrower in writing,and, in such case Botrower
<br /> ' rY�}_t��'-�,t� shall pay to Lender the amount necessary to make up the deficiency. Bonower shall make up the deficiency in no more than
<br /> '.�� twelva monthly payments,at Lender's sole discretion.
<br /> _=�T-°�"— Upon paymcnt in full of all sums secured by this Securiry Instrument, Lender shall prom{xly r�fund to Borrowor aay
<br /> -y:�� �unds held by Lender. If,under paragraph 21, L,ender shall acquire or sell the Property,Lender, prior to the xquisition�r sale
<br /> =R_-,:.-�s,�� af�he Propeny,shall apply any Funds hetd by Lender at the time of xquisition or sale as a crcdit against the sums secured by
<br />==�'�� this Security Instrument.
<br /> ���--- 3.Applieation of Paymeats.Unless a{rplicable[aw provides otherwise, alf payments received by L,�nder under paragraphs
<br /> ,_��� 1 and 2 ahall be applied: first,to any prepayment charges due under the Note;sccond.to amounts payablo under paragraph 2;
<br /> __��Q,�,�� third,to interest dur,fourth, to principal due;and last,to a�ry late chazges due uneier the Not�e.
<br /> mr�� 4.Chuges;Lien�.Bonower shall pay all taces,assessments, charga, fines uul impositions attributable to che Property
<br /> -----� which may attain priority over this Security Instrument, and leauhold payments ot ground rents, if any. Borrower shall pay
<br /> �-.�`•���_:� these obligations in the mu►ner provided in pazagraph 2,or if nut paid in thu roaruur, Borrower shafl pag them on time directly
<br /> --'°-�•�Ty� to t6e person owed payment. Bonower shall promptly fumish to Lender all notices of amounts to b�paid under this par�graph.
<br />-��� If Borrower makes these payments directly,Bonower shall promptly fum4sh to Ixnder receipts�videncing the payments.
<br /> •��_�'='' � Borrower shall promptly discharge any lien which has priority over this Securiry lnstrument unless Borrower. (a)agrees in
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<br /> -- writing to the payment of the obtiga[ion seeured by the lien'an a m.anner acceptable a� i.ender,(b)contests in good faith the irn
<br /> .�.��� by, or defrnds against enforcement uf the lien in, tegal proceedings wi�ich in tha Lender's opini�n operate to prevent the
<br />�;,y�,��� enforcement of the lien; ar(c)secures from the hoider of the lien an agreement satisfactory to Lender subordinating the iien to
<br /> .-�^a►�� this Securiry Instrument. If Lender dc�termines that any part of che Propeny is subject to a iiert which may attain priority over
<br /> . . this Securi[y (nstrument,Lender may give Bonower a notice identifying the licn. Borrower shall sa[isfy the lien or talce one or
<br /> • more of the actions set fonh ahove within 10 days of the giving of notice.
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