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<br /> TOCiE7'HER WITH rll the impmvemen�now o�hereaftar ercctod on tha propertY,nnd all cnrcmmtr.wppurtenonce�.
<br /> �nd tixtwa now or hereaftor a put oP the propchy. All rcplscemcnls and additians xh�ll al�o bo covercd by thl� Sxurlly
<br /> In�trument. All of the foregofng i9 refemed to in thi�9ecurity Inrwment i►s the"Property."
<br /> ' BURROWER COVBNANTS that Bortowcr ie luwfully Relced of the estatc hereby cpnvcyed ond hrr:thc�ight ta grAnt
<br /> •nd convey the Pro�xty and that the Property ia unencumbercd,exc�ept for encumbrancea oP rccutd. Botrower warranto and
<br />_�-�—�--�-� � will defend generalty the tiHe to the Property against all rlafmo and demuadx.xubJect lo any encumbruncex of�ecard. r
<br /> -- THIS SECURITY tNSTRUM6NT combines unifomt covenanta for nationol u�e anA non-unifarn covenanis wi�h
<br />..__�._._��__ _ _ ___=� limited vanption�by Jurisdiction w conatitule u unifortn cccurfly inswment covering real propeny.
<br /> UNfFORM COVENANTS. Borrower end Lender covenwnt and agree as follows:
<br /> .� 1. PAyment ot Principd aad latereat;Prepayment oad Late ChprQa. Borrower ehall promplly pay when due tho
<br /> _ principal of and interest on the debt evidenced by�he Note and any prcpayment and late churgec duc under the Noto.
<br /> _� _ —__�,_� 2. I�nde tor 71�xee and lnauraace. Subject to Applicable law or to o wrinen waiver by L.ender.Borrower shall pay ro Y
<br /> I.ender on the day monthly payments arc due under the Note,antil thc Note ia p�id i�full.a sum("Funds")for:(a)yeurly
<br /> .�� taxes end asse�sments which muy attain priority over thia Secu�ity Inswment as a lien on the Prapeny;(b)yesvly leasehoid
<br /> payments or ground rents on the Property. If eny� (c) yearly hazard or property insur�nce premiums; (d) yearly 800d
<br /> --;� �• insura�ce prcmiums. if any: (e)yearly mortgage insurance premiuma. if any; and(fl eny xums payable by Borrower ro _
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<br /> ������ L.ender. fn accotdance with the provisions of paragraph 8,in lieu of the�yment of mortgage insuranco premiuma. These
<br /> ---��=`=Q�• items are celled"Escrow Items." Lender may.at any time,collect and 6o d Fundx in wi w��ount not w eacccd thc maa mum -
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<br /> �--•�-_-f,.� emount a lender for a federally related mortgage loan may require for Borrowerl�escrow account under the federal Rea
<br />_--�. --� __u�_=_'== EatAta Senlement Procedures Act of 1974 as emended from time to time. 12 U.S.C.$2601 et seq.("RESPA"),unlesa another
<br /> ----_� law that applies to the Plmda sets a lesscr amount. If 80.I.ender may,at any time.collect and hold Funds�in an amount not to � -
<br /> -"� excced the lesser amount. Lender mey est�mate 1he amount of Runda due on the basis of current data end reasoru+ble �-
<br /> ,;�;;�'��� estimates of eapenditures of future Escrow Items or otherwise in accordance with applicnble law. �y
<br /> -- '--�y�,. . The Pliads shell be held in en institution whose deposits are insured by a federal agency, instrumentality. or entity
<br /> �'• � (including Lender.ff Lender ia such an institutfon)or in any Federa�Home 1-°en Bank. Lender shall apply the Funds to pay ��
<br /> _-_�".:�'i_:su�• .�`+ the Escrow Items. l.ender may not charge Borrower for holding and applying the Funds,annually analyzing the escrow _
<br /> "u`;.;°`y� ' '� eccount,or verifying the Escrow Items. unless Lender pays Borcower interest on the Funds and appliceble law permita �-�
<br /> � '"'���'�� ' l.ender to meke such a charge. However,L.ender may require Borrower to pay A one-Ume charge for an independent real E,�
<br /> ���"a�l''`� "�� estate tax reporting service used by Lender in connect[on with this losin,unless applicable law provides Wherwise. Unless an �='
<br /> _,�,,,�.;F.:• agroement is made or applicable law requires interest to be paid,Lender shell not he required to pay Borrowcr any intcrest or
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<br /> earnings on the Punds. Borrower end I.ender may agree in writing,however.that intenesl shall be paid on the Funds. Lender �:
<br /> -�":�',ea�`_,;�, � shall give to Borrower.withuut charge,an annual accounting of the FundR,showing credits und debits to the Funds and the �;
<br /> _ - _,�� ` purposc for which esch debis to tht Flinds wna mruk. The Funds are pledged as additional secudty for all aums secured by
<br /> �,+sF,a.y�; this Secudty lnsdument.
<br /> '�y�. � •�n' �' If the Flmdc held by Lender exceed the amounts permitted iu be held by applicuble luw, Lender shall account to
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<br /> - ���•�'•-�., � Bortower for the excess Funds in accordance with the requirements of applicable law. If the amount of the Funds hel y
<br /> -���� ` ' "`• `� Lender ut any time is not sufficient to pay the Escrow Items when due.Lender may so notify Borrower in writing,and,in
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<br /> ::w_ �.;�. . such case Borrower shall pay to l.ender the amount necessery to muke up the deficiency. Borrower shall muke up ihe
<br />�`'� �•�= � ���`;�'��?� deficiency in no more than twelve monthly paymenta,At Lender�s sole discretion. ��.
<br />.P-'�_'��;,��;,►�1�`'�' Upon payment in full of ull sums sewred by this Security Instrument.L.ender shall promptly refund to Borrower any
<br /> °;:��—���'�` Funda held by L.ender. If,under pnragraph 21,Lender shnll acquire or sell the Property.Lender,prior to the acquisition or � ,
<br /> -:� '"' :�� ' sale of the Pro p e r t y,shall apply any Funds held by Lender at the time of acquisition or sale ps a credit against the sums � `•,
<br /> _��'�"� secured by this Securfty Instrument. --•
<br />-°=--�' ��'� 3. Appilcalion of Payments. Unless npplicable law provides otherwise,all payments received by l.ender under �'
<br />-'-.�� TT, � -ti � " parag�nphs 1 end 2 shull be upplied: first,�o nny prepayment churges due under the Note;second,to amounta pnyable under
<br />.,,�„� �,�, paragroph 2;third,ro interest due;founh.to principal due;and la.cl,to any late charges due undcr the Nole. a-
<br /> 3;�' � �. ;r.:, , 4. Chor�es; l.lens. Borrower shull pay aU taxes, assessments,charges, fines and impositions atMbutable to the __
<br />°�ia:<�-:.���,,�. ,` .. • p��ny whtch may attain priority ovcr this Security Instrumer.t,and leasehold puyments or ground rents,if any. Borrower =__
<br />=;�� --�- � 'u`' shall pay thesc obligations in the manner provided in pur�graph 2,or if not pnfd in that manner,Borcower shall pay�hem on �y
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<br /> - � `�!:,.. ,.-'� time direcdy to thc person owed payment. Boirower shull prompdy fumish to Lender all notices of amounts to be paid under
<br /> �;�biT � �^ this paragrap h. I f Borrower m a kes t hese pn y m e n t s d i re c t l y.Borrower shnll p rom ptl y fumish to Lender receipts evidencing �e�:
<br /> . '` i, .•.,. the payments. __
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