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<br /> J�� Tp(iETHER WITH all the improvementx now or hercnfter erectcd on the properlY.and all e�scmentF,uppuhenancc.r,
<br /> ---_- --- — end�xrore�now or hereafter A part af the property. All replacementa nnd additionK�hpll plco bo covered by lhia Seeuriry
<br /> -� In�trument. All of the foregofng i�nefeired ta in this Sccudty Instrument us the"R�oper1y."
<br /> '? BORROWER COVENANTS that Bormwer is lawfully seiczed of the estate het�eby convcyed und h�K 1he ri�ht to grant
<br /> - end convey the Property and that the Property Is unencum6ered.cacept for encumbrances of'recard. Barrower wnrrurNs anJ --
<br /> �'�� _� will defend generully tha title ta the Property against All cla�m�wnd demenda,aubject lo,u�y encumbrances af recard. `
<br /> ° THIS SECURITY INSTRUMENT combines unifortn rnvenunta for natiunul uu: und non-uniform covrnanta with -
<br /> � """ timited variations by jurixdiction to conatitute a unifarm xecudty ins�rument covering re�l propeKy.
<br /> _.-;� UNIFORM COVENANT�S. Borrower and Lew r covenant ond agree u�fulloww: � P y p �- �
<br /> '�,� 1. Payment of Princi and laterestt Pre ymeat aad I.ote CharQea Burrower shull om tl Ay when duc thc
<br /> -__—s�:� p r inc ip a l o f an d in teres t on t h e clebt evidenced b y tho Note wxl�ny prepuyment end late charges due under the NWe.
<br /> 2. Funds for 7bxes aad Insurance. Subject to applicnble law or to a written waiver by l.ender.Borrower xhall pny ta
<br /> �--u'.;,� i.cnder on the day monthly paymems ane due undcr the Note,until the Notc is pnid in full,s+sum("Funds") far. (u)yearly _
<br /> ;�"�• � taxes and assessmeMa which may attain prio�ity over this Securlty Inswment ax a lien on the PropeRy;(b)ycarly Ieasehuld
<br /> �._;�;=i,.=-"� paymenta or ground rents on the Property, if any: (c) yearly hazurd or propeny insuronce premiuma: (d) yearly 800d �_
<br /> _. .�.;:,-..
<br /> �_��_•,� inaurance premiums,if any; (e) ycarly mortgage insurance premiums, if any; nnd(t1 uny sums payable by orrower to
<br /> ""f' Lender.in accardance with the provisinnx of paragraph 8, in lieu of the puyment of mongage insurance premiumg. These
<br /> __��.��tt:;::� items ane called"Escrow Itema." Lender mey,et any time,collect nnd hold FLnda in an amount not to exceed Ihe maaimum �
<br /> ='•--a'.��, amount a lender for a federally releted mortgage loan may require for Borrower's escrow account under ihe federul Rcal '°"`�
<br /> ""��� Estnte Settlement Procedures Act of 1974 as amended from dme to time. 12 U.S.C.�2601 e�seq.("RE�SPA'),unlexs�nolher �....�...
<br /> ��'�`�-"• -•,_� law that applies to the Funds sets a lesser amount. If so,Lendcr mey.ut uny time,collect and hold Funds i�an emount not ro �_;'`
<br /> -""`''�°:��`i exceed the lesser emaunt. L.ender may estimate Ihe amounl of Funds due on tha basis of current dale and reasoneble
<br /> -�...._�... ��
<br /> -- - estimates of ex nditures of future Fscrow ltems or otherwise in accordance with applicable luw.
<br /> ��s#-r;,;�;,;';�`�•- P� F�-
<br /> ,�_;�,��••• The Funds shall be held in an institution whose deposits ure insured by a federal agency, instrumentality.ur entity �,e,_
<br /> -.-�,'�',.�;;�,; (including I.ender.if Lender is such an lnatitutian)or in any Federal Home Loa�Bank. Lender ahall apply the Funds to pey
<br /> -''��"'�"�'�•'•-�`' the Escrow Items. Lender may not charge Borrower for holding and applying �he Funds, annuslly unalyzing the escrow _
<br /> ..�::�,. �:.: .
<br /> •� ��•;�"� • � accounti or verifying the Escrow Items, unless Lender pays Borrower interest on the Funds und applicable law permits .�:
<br /> ����,:�,:+•�• ��
<br /> - .,.:;�,,,.��'� I.ender to make such a charge. However,Lender may require Borrower to pay a one-tlme charge for an independent reul
<br />--� '_--�_�� eawte tax reporting service used by Lender in connection with this loan,unless applicable law provides otherwise. Unless ai� �,,,
<br /> - '�_V � a ment is madc or a licable law r uires interest to be aW. Lender shall not be required to pay Borrower any inlerest or __
<br /> - .,.r�,o,,r.: ,.. Stce PP �9 P m:.-.
<br /> _�,��.,�,i;�.u.,; eamings on the Funds. Borrower and Lender may agree in wdting,however,that interest shall bc pnid on the Funds. Lender �j
<br /> .��r. ,. shall give to Borrower.without charge. un annuul accounting of ihe Funds,showing credits und debits to Ihe Funds und the
<br /> —"'-"���;�..;•�:�,�: � purposc for which each debit 10 the Funds wus made. The FLnds are pledged as additionel secu�ity far all sums secured by
<br /> ��_--,-.��„ . :�-
<br /> ��,��:„r� thi�Security Instrumcnt.
<br /> � If the FLnds held by l.ender eacc;ed the amounts permitted to be held by applicable law, Lender shall uccount to _
<br /> -"4� ,�� '- 8orrower for�he excess Funda in u�:w�da�x:e wiih thc rcguircmcnt� af applicable law. !f the Am���nt of the Funds hcld by =______
<br /> -'���� ��• Lender at any time is not sufficient to pny the Escrow Items when due, Lender may so notify Borrower in writing,and,in �.
<br />�=��'='4 `''""'°' " ``� '" such case Borrower shall pAy to Lender ihe umount necessary to make up the deticiency. Borrower shnll make up the _
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<br /> deficiency in no more than twelve monthly payments,At Lender'.s sale discretian.
<br /> ,�;�;�;, �.�..
<br /> ''=�;� .� '. Upon payment in full of oll sums secured by this Securiry Instrument.Lender shnll promptly refund to Borrower any ��_,
<br /> " �`� FWnds held by Lender. If,under paragraph 21.Lender shall acquire or sell the Property,Lender,prior to�he ncquisitian or �';
<br /> -.;.�� � .��`�..�.
<br />--_i!• r�''- �.• . sale of the Properry,shall apply any Funds held by l.endcr at �he time of acquisition or salc as a credit uguinst the sums
<br /> _ ,��a .;� secured by this Securhy lnstrument. �°'_
<br /> _��_��:�,� ' 3. Applicallon oP Payments. Unless applicable Inw provides otherwise, ull puyments received by Lender under j~
<br /> "-``'`�"°�^". , ara rn hs 1 und 2 shall be n I�ed:firs�,to un re a ment ch�r eti Jue under the Note;second,to amounts payable under �"
<br />:_..,�x �..., . . P B P pP� Y P P Y g .
<br />-- ,;.� r pu�graph 2;third,lo interest due;fourtb,to principal due;and lust,to any late chnrges due under the Nate. �$�
<br /> � ° ' 4. Chw'�es;Liens. Borrower shall p�+y all tnxes, n.asessments, chargec, fines und impositions nttributublc to the �i
<br /> w i°'• �""`�� which mu attuin riorit uver this Securit Instrument,and leosehold payments or ground rents,if any. Borrowe� --
<br /> �'� ' F- . �I�nY Y P Y Y .
<br />, �: shaU pay thesc obligations in the mnnner provided in parngraph 2,or ii not paid in that manner,Borrawer shall pay them on __.
<br /> �'�� +.r..;� � � time directly to the person owed puyrncnt. Borrower shull prumptly fumish to Lender all notices of amounts to be puid under
<br /> � ;�`�' '''��' � this ua re If Borrower mukes thexc puyments directly,Borrower shAll promptly fumixh to Lender receipi�c:videncing �:�
<br /> °_,���:
<br /> �����,� t�,�;,,t�, ... P S Ph.
<br /> ��.,:� the payments.
<br /> �'�'' '�"`�" Borrower shull promptly di�:hurge uny lien which has priori�y over this Security Instrumcnt unless Borrower:(u)ugrces �_
<br /> '-�:'��: ...;n�. .._
<br /> °__;;;-;.:�,-... , . in writing to the payment of the obligntion secured by the lien m o manner ucceptnble to Lender,(b)contests in good faith�he
<br /> ; 4� � lien by,or defends agninst enforcemen[of the lien in,legal pruceedings which in the Lender c opinion opemte to prevent the �
<br /> ��,� enforcement of the lien;or(c)secures from the holder af the lien nn ugreement satisPactory to l.ender subordinating�he lien �
<br /> -'=�-� �=a. ' s t t an urt of the Pru n is sub ect to u licn which muy ntts�in prioriry �::
<br /> .._,�; ;,�j,�:,;;�-,,r�;• ; to this Securiry instrument. If Lender determ�ne hA y p PC Y J
<br /> ;,�N .1� :. over this Security Instrument,Lcnder moy give Borrower a noticc identifying thc licn. Borrower shall sutisfy the lien or take
<br /> T ;,�, � .. one or more of the uctions set forth ubove within 10 dnys oY�he giving of notice.
<br /> 5. Hezard or Property Insurance. eorrower shull keep�he improvements now existing ar hereufter er�:cted on the
<br /> � . � •�l Property insured against logs by fire,hazard+included wi�hin the term"calended cuveruge"and uny other hnzurds,including
<br /> , .. tloods or floading,for which Lender mquircs inwrnnce. This insurance ahull be maintuined in the nmount4 and for the
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