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<br /> Toc�s7�8R.wrfH al�the tmproYemon��noW���+�'�ecua�a�e�d��h�ll����►'
<br /> and facpma�aaw ar dereaRor+�p�rt af tha ryoperty. eapl�oe�n
<br /> ltaa�umen� All ot tbe fa�e�ota�i�rofa�ed w ip thit Security Imcwment as the"PloQerty."
<br /> BORROWNR COVENAN'1'S t1W Bortowa is uwfliAy�eised of�he cstuo heroby conveyad�nd hu tho r1�ht a�nt
<br /> end convey the P�opa�tY�nd that the Propaty i�wrcncumberod. axoept for encwnbr�noen ot t�esard. Borauwer warr�nu and
<br /> wUl defend�en�ralfy the tide w the Propetty�inst all cldm�utd dem�nda.wbJect to�ny encumbu�oes of rocad
<br /> 7NI3 SF:CUItITY INSTRUMF.N7' combines unifam rnven�nu tor nationv uce �nd nan-uaiform ooventnts wiW
<br /> m-��—r-----�------_� Wnited variadona 6y jurisdiction to cone8tute�unifam x+curity ia�d�umeat covering mal property
<br /> UNIPOftM COVBNANTS. Borrnwu and I.ender coven�nt u�d ag�o�e follows: p�due the
<br /> 1. P�ytoa�t ot Prindpd�td lsterati�lM9�t apd I.�te Ciury�a. Borrower slull prompllY P�Y
<br /> pincip�I of�nd Wtaest on tha de6t evidenced by tho Nute pad+�nY PnPaY�nt and lata cherge�due under tho Note.
<br /> 2 i�ad�[or'lWces�ad I�rwranoe, Subject to eppIicAble Iaw or to a wripen waiver by I,ender.Bomnwer shall pay to
<br /> I,p�der on tbo d�y manlhlY payments+u�e due undet the Noto.unUl the Nau is paid in t1dl.a sum("Ponda")for.(a) Ywr1Y
<br />_--� _ _ _�_ taxes qad a�essmeau which may�ttain priaity over Ihie S�;unity Insmunent as a lien on dtic f'mp�.�ty:N)Y�Y leasehold
<br /> -- MY�ats or gmund t�enus on the Prope�ty. if any: (c) Yeur1Y hazard ar prnpenY iastuanco pemiuma: (d)ya*1�r tlood
<br /> insuran�x pt�emiwru� if any:(e) Yea�lY mnnBAge insurxnce pt�emiums, if any:and(��mpr simus P�Y�b�e b)r Banowcr to
<br /> I Lender�in accoMance wlth the provisiaas of pwrag�►pb 8,in lieu oP thepaymew oi mo�tBa$e insuraoc,'e P'�auum�• T�
<br /> . . items s�re calkd"F.semw 14ems" tx�der may.at any dmo.coUect und i►old Fuads in an amouot not to exceed�6e mau�imum
<br /> -- — amount a leuder fa a foden�lly re�ated mart�a8e laan mAy ro9ui�fbr Barawer's c�cmw account under t4e fioderal Real
<br /> --.:�T� --- Bstate Settleaunt Prooedures Aet of 1974 as amended fium dme to dme. 12 U.S.C.�2601 er seq.("RFSPA").unless anotNer
<br /> -'�%� law that applies ta the fimda sets�lesser ar�ount. If sa l.ender may.at any dme.collect and hold Fi�nds in an amount not ta ,
<br />'Y ;�:- exceed tbe les�er �mowat. l.endrr may esqmate the wnount oi FLnds due oo the basis of cument dWai w�d �soa�ble
<br /> •er
<br /> , . esdmates of expenditunes af futtu�Escr�w Items or dherwise in xcaduice with applicable luw. —
<br />--_- 'I1�e i�ads sfwll be f+eld in an institutioa whose deposits ane iosured by a federal agency.inswmem�Yity.or entit}.
<br /> r�," . -:,.: liacluding Lender.if Len�ier is such an i�sntution)or in any Federal Home Loan Bank. Lender shall apply the�nda w pay _
<br /> "}�� the Escrow Items. Lender may not charge Bmrower for holding and applying the FLnds. annually unalyzing�he escrow
<br />'4;'"� :. ,�� � account, or verifyiag the Escrnw Items. unless L.ender pays Borrower interest on the F�Unds and applicable law pertnits
<br /> '�'`�'' • ;����'"'�°'�""��''S I.ender to make such a charge. However,l.ender may require Borrower to pay a one•time charge far an independent neal
<br />"`"��°.::f i � , ik� estate tax reporting servke used by I.ender in connection wlth thia loan,unless applicable law provides otherwlse. Unless en
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<br /> � ��' '• .� +� agreement is made or appljcable law requires intenest to bc paid. Lender shall not be rcquired to pay Borrower eny interest or i_
<br />' � ��`� ;<<�,�:;,,,•�• ;;' eamings on the Funds. Bomower and Lender may agree i�writing.however,that interest shall 6e paid on the Funds. Lendcr �—
<br />`-`"''� ' '�'�'�'' shall�ive to Borrower,without cherge,an annual accounting of the Funds,showing credit�s�nd debits to the Funds and the ,.
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<br /> "�:��, for which each debit to the FLnds was made. THe PUnds ere pledged os additional securiry for all sums secured by
<br />':',•'��r ' .:�"• -. y: I�his S�ecurity lnshumen�
<br />:";'`.`"_= ,��� !f iltt Assu!° held by Ltt�sler e�ce!vl �he nmounts permitted to be held by applicnble law. L.ender shall accaunt ta� -
<br /> •- �++[�.tir.r,=:;+c�;��G w..�+ s e
<br />.. � h:� ��;: - Borrower for the excess Funda in accordunce with the requirements o(applicable Iaw. If the amount of the Putids held by
<br /> �., '.,'�"�a�'*-`":.� r l.ender at a��y dma is nat suKclent to puy the Escrow ltems when due.Lender may so not�iy Borrower in writ6ng,and,in _
<br /> � ��;�� ,,�:. such case Borrower shul� puy tm Lender the amount necessary to make up the deficiency. Borrower ahall make up the _
<br /> , °: ' � • ,�'� '""' deficienc in no mane than twelve manthly payments,et Lender's sole discretion.
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<br /> ..::•• .: , `s:�"'���`: Upora paymenl in full of alJ surns secured by�his Security Inswmen�Lender shull prompdy r�efund to Borrower any
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<br /> y'�:�: .' .. �• �,�'•;��+i;;�:;Y; FUnds held by l.ender. 16;unckr paragraph 21,Lender shall acquire or sell the Propeny.Lender.prior to the acquisition or _
<br /> '"'�`'' sale of the Property. shull apply any FuodR held by L.ender at �he time of acquisition or sale as a credit against the sums _
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<br /> ° . :rs�:�.. .., " ,..��:..:_, secured by this Security l�stniment. _
<br /> - Y�.y:•, a ';�.,^r 3. Appllcatlon ol'�yments. Unless nppliruble luw provides otherwise, all payments �eceived by [.ender under
<br /> .- �"'�'��� parugraphs I and 2 shall be opplied:first,to uny prepnyment charges due under the Note;second.to emounts payable under
<br /> � � � �` paragraph 2;third,to intercst due;fourth.w prfncipnl due;and lasl.to nny late chsvges duc under the Note.
<br />==s`•'''' �' �� .-' 4. Charges; Liens. Borrower shall puy all ts�xes, a�sessmems. chnrgcs, fines und impositions attributable to the
<br />- • � � • ' property which may attain prioriry over this Security Insuument,and lensehold payments or ground rents,if uny. Bortower
<br /> • .:-.:��;.;.,�:�.a._:;:. ' _
<br /> _ ..�.Y,. shall pay these obligutions in the munner provided in pnmgrnph 2,or if not puid in that manner,Borrower sh�ll puy them on
<br /> �• . ; " ':•'�;.�; ume direcdy to the person owed puymcnt. Borrower shafl promptly fumish w Lender ulf notices of amaun�w tu b�paid under _
<br /> ' ' •�?•;��� Ihis para�raph. If Borrower mnkes the.:c payments directly,Borrower shnll p�nmptly furnish to Lender receipts evidencing
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<br /> .,r,•,�� ,':�•.���•. Bortower shall promptly discharge any lien which has priority over this Security Inslrument unless Borrower:(a)agrees
<br /> _ :' ,�!;.+�rF?;.�, .; . ` . in wrlting Io the pAyment of lhe ubligution ssecured by the lien in a munner acceptable to Lender,(b1 contests in gaod faith the _
<br /> �r:1��t„�'�`• '., •• lien by,or defends ugninst enforcement of the licn in,legul pruce��lings which in the Lender's opinion opernte to prevent the =
<br /> � �"7f��. �•', • enfor�ement oithe lien;ar Ic)secures from thc holdcr��f'the lien an aEreement sntiaPxtury to Lender subordinating the lien =
<br /> • to this Security lnsirument. If Lender de�ertnines lhut uny part oP Ihe Praperty i�:subject to a lien which muy attain priority
<br /> � ,"� over this Securlty lnsaument,Lender muy give Borniwer o nrnice identifying the lien. Bom�wer sMnll satisfy Ihe lien or take -
<br /> �`" . ��� � one a more of Ihe actions set forth nbove within 10 days of the giving of nwice.
<br />._� ���. .- ° ,� S. Hazs�rd or Property Insurance. Borcowcr shull ke�p the impruvements now exis�ing or hercufter erected on the _
<br />:_r�fi • ' ` Property insured against loss by Cre,huzurds included within tfic term"rxtended ro�•en�ge"unJ uny other h:uurds,including _
<br /> � ,, � floods or ilooding, for whlch Lender rcquircx insurunce. Thi�insurance shall br main�ained in the amoums and for the
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