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<br /> `� TOCETHER �VITFI aq the improvemcnts now on c�reaitcr ercctcd on the prpperty,Tnd all eaecmcntc,appurtcnanccs,
<br /> and fixtures nvw or hereafter a part of the property. A!1 replaeements and additipns shall also be eovered by thic$ecurjty
<br /> lnstrument_ All of the faregving is rcferred to in this Security Inscrument as the"prppCrty_^
<br /> BQRROWER COVEIVANTS t}�at Borrower is lawfully seised af the estate hcre wnv�
<br /> and convey the Propercy and that the Propercy is unernumbered,except for encumbrances of rcrord, go��w herrants na dt
<br /> will defend gcnerally'the title to the Property against all¢laims and dernands,subjert to any u�cumManccs of recbrd.
<br /> THIS SECURITY INSTRUMENT cpmbines uniFp�m cvvenants for national usc and non-uniform covenants with
<br /> ;� limited variations by jurisdiction to constitute a unifornt sccurity instrument cavering rcal property.
<br /> t �N:rORM CQVENANTS. $orrow�r and Lendcr covenant gnd agrce as(o��aws;
<br /> �� 1• Payment of Principal and Intcrest;pre
<br /> � principal of and interest on the deot cvidenced by t�No e�and an Late g harges, gprrower shall promptly pay whcn due thc
<br /> 2. Funds Tor'i'axes and Insuranee. $ubjcct to applicablc laweor t�o a nwrittMawaiver by Lendcr,go�r�er shnll pny to
<br /> � ' Lender on the day monthly payments are due un�er the Nvte,until the Note is paid in full,a sum("Funds") tor. (a)yearly
<br /> a taxes and assessments which may attain priority over this Security Instrument as a lien on the Property;(b)ycArly Ica.sehold
<br /> i payments or ground renes on the Properiy, �( ar�y. ��� y��y �e� a rt
<br /> insurance premiums, if any; (e) yearty mortgage insurance pr�emiums, if aPn�and ��SU�� �miums; (d) ycarly (lood
<br /> �� Lender, in accordance with thc pr,pvisions af paragraph S, in lieu of the paymene�s(mang88e nsurancelpremiBms.�These
<br /> i. items are called"Etcrow items." Lendcr m�y,at any time,collect and hold Funds in an amount not to exceed the maximum
<br /> ; amount a lender for a federally rels:e�3 mortgage loan may require for Borrpwer's escrow accpunt under Ihe Cederal Real
<br /> �- Estate Settlement Prvicedures Act oF 1974 as amended trom time to time, 12 U.S.C.§2601 er srq.("aESp,����,unless another
<br /> i; law that applies to[he Funds sets a lesser amaunt. If so,Lender may,at any time,collect and hold Funds in an amount not to
<br /> � exceed the lesser amount. Lendcr may estimate the amount of Funds due on the basis of curren� data and reasonable
<br /> estimates of cxpenditures of future Escrow items or otherwist in accordance with applicable law.
<br /> � The Funds shall be hcld in an institution whase deposits are insured by a federal agency, instrumentality, or entity
<br /> (ircluding Lender,if(,ender is such an institution)or in any Federal Nome Loan Bank. Lender shall apply the Funds to pay �
<br /> the Escrow ltems. Lender may no[ eharge Bprrower for holding and applying the Funds, annually analyzing the escrow
<br /> account, or vcrifyeng the Escrow items, unless Lender pays Borrower interest on the Funds and applicable law permits
<br /> Lencler ro make such a chazgc. How�ver, L.ender may requir�e Borrower to pay a one-timc charge for an independcnt rcal
<br /> estate tax reporting service uscd by Lender in connection with this loan,unless applicable law provides vtherwisc. Unlecs an
<br /> agrcement is made or applicable law requires interest to be paid.Lender shal!not bc requircd to pay Borrow�r any intercct or
<br /> eamings on the Funds. Borrpwer and C.cnder may agrce in writing,however,that interest shall be paid on thc Fundc. Lender
<br /> shall give to Borrower,without charge,an an�ual acCOUnting of the Funds,showing credits and dehits ro►he Funds and thc
<br /> purpose for which each debit to the Funds was made. The:�nds are pledged as additivnal security for all sums secured by
<br /> this Security[nstrument,
<br /> lf the Funds held 6y Lender exceed th� �,-;�ounts permitted to bc held by applicable law, Lender shall accoun� to
<br /> E3nrcnwer for the excess Funcis in accnrd�nce with the rcquiremcnts of applieahlc I�w. If the�mnunt of thC ('uncls hcld by
<br /> Lcnilcr;it :iny timc ix nol �ul'ficicnt tu pay Ihe Gtirrnw Items wh�n duc. l.cnJ�r m:iy ui nnlify (liirn��vcr in wri�in�;,:u�d. in
<br /> such r:�sc Rorr�iwcr sh:�ll p:�y In I.rncicr thc :�rnnunt ncccscary tn m�kr up Ihc dciicicncy. 11�,m�wcr zhall m:ikr up thr
<br /> del icicncy in no ntorc than lw�lve�o�vnthly p;�ynxnLs,at L.enckr's•svle discrctiex�.
<br /> �(� NYment in full of all cum�smircd hy;��i�Serurity(nanmk-nt.I.enefer chall prrxn�x�y rcfunci�n fi�+rmwrr any
<br /> Funds held by l.erxier_ If,wxier ParaSraPh z�.Lr::�der shall xquire ar sell the Ptoperty.Lencler,prior to thc acyuicition or
<br /> sale of�he Pro�rty, shall apply any FunQ� (�1,; by �r at the time of xquisition or�ale ar a crcciit against the cums
<br /> secured by this Security Inslrument.
<br /> 3- Application nf Paymenls, llnlc;s applicablc law �x�uvickc ��i�, atl paymcn�s rrccivccl hy �Mr unckr
<br /> ��,5 � �a z�i t��r�a:r�c -.,ar,r r�r���a���rv«�:�a.�o�����,n,�,r
<br /> paragraph 2:therd,to intcr�t due:four[h.co principal dut;and Iau,to any tate rhar�es due under the Tkxr_
<br /> �. Char�es: I;renx gorrower shall pay all taxes. assrssments, rharges, rr� and impositions attritwtablc to �hc
<br /> F'roperty which may attain priority over this 5ccurity Instrument,and Ica.sehold paymentc or ground rcnts,if any. Borrnwer
<br /> : shall p�y these obligations in the manncr provided in p:�ragraph 2,or if not paid in that manner,E3ormwer shall pay thcm on
<br /> time dircctly co thc person owed payment. Borrower shall promptly furnish to Lencicr alI noticcc of amounts to be paid under
<br /> � this paragraph, if Borrower makes these payments directly,Borrpwer shall promptly furnish to Lender receipts eviden¢ing
<br /> ' the paymcnts.
<br /> Iiorrower sh;ill pmmptly dicchargc any lien which has priority aver thi�Security Instrument unless Bom��yer.(7);��r�cs
<br /> ; in writing to the payment of the obligatiqn�ecurod by the lien in a manner acceptable to Lendew,(b)con«sts in gond faith thc
<br /> i licn by,or defenJs asainst enfvrcement of the lien in,legal pmcecdin�s which in the Lender�opinion operate�o prevem�hc
<br /> enfnrcement of thc lien;�r(c)secures from the holder of the lien an agreement satisfactory to C.ender subordinating the licn
<br /> ; to this Securiry Instrument. If Lcnder deteRnines that any part of the Property is subject to a lien which may anain priority
<br /> , ovcr this 5ecuriry lnstrument,Lender may give$prrowcr a notice identifying the lien. Bompwer shall satisfy the licn or take
<br /> � one or more of thc actions set forth above within 10 days af the giving of notice.
<br /> e 5. Hazard or Property Insurance. I�ormwer shall keep the impmvements nnw existing on c�rcafter crcctcd on the
<br /> '� Prppeny insured against loss by fire,hazards included within the tertn"cxtended coverage"and any other hazards,including
<br /> , floods or flvoding, for which Lender requires insurance. 'T'his insurance shall b� maintainecl in the amounGt and for the
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