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<br /> TOOETHBR WiTH all the improvement�now ar horc�Rcr erocted on Ihe property. and all casemcros.Appu�tenar�,
<br /> �nd 8xture�now or I�ereaRer a p�rt of Ihe prope�ty. All rcpl�cementa u�d additlons eha!!dso 6e wvae�ed by lhis Secwity
<br /> _� InWmma�G All of tho foregoina i�t�eferted to in Ihis 5ecudty Imdutnent ar the"Prapehy.'•
<br /> HOItROWER COVENAIY'I'5 that Bamwu is lawfully seiccd af qw esu�to hercby conveycd pnd has the tf�ht to gr�nt
<br /> ond canvey the Prope�ty�nd thot the Property is unencumbered,axcept i'or encumbrances oP recortl. Borrower warrantn and
<br /> — _ wili def'end gener�lfy�ho dUe to the Property��i�t all clAimc w�d demrnde�.rubJ�x;t w u►y ene:w��br�nces of record.
<br /> -_-_- � THIS SECURITY INSTRUMENT c�mbinea uniform covenw�t� for national uae and non-unlfomt covenente with
<br /> Wnited verlalloni by ju�i�dicUan to wnaftuto w uniform cxurity inswment covedng ral property.
<br /> UNIFORM COVENANTS. Bart+ower w�d l.ender cuvenant end agree as follows:
<br /> 1. P�ymeat of Prlacl�wl a�d iotereW=Prepaya�ent And LAte CbarQea. Borrnwer shall promptly pay when duc the
<br /> princi of and intercst on the debt evldenced by the Note a�nd any p�puyment smd late charges dua under the Note.
<br /> � Fuodr fbr 7luites and Inauraace. SubJxt to applicable law or to a wrinen wdver by Lender,Barrower shall pay to
<br /> — Lender on the day monthly payment�are duc u�der Ihe Natc, until the Nate is paid in full,a sum("PUnds")for.(a)yearly
<br /> - ---, taxec and assessmenta which may uttain priority over this Secudry Instrument as e lian on the Property;(b)yearly leasehold
<br /> _ payments or ground renta on the Property, if any; (c) yearly haziud ar propeny ineurance premiums; (d) yearly flood
<br /> insurancc prcmiums. if any; (e)yeuly mortgage insura�tce premiums, if any; and (� any sums payuble by Borrower to
<br /> -- Lender,in accordance wlth the provleions of parugrapfi 8, in lieu of the payment of mortgage insurance premiums. 'iliese
<br /> �- items are called"Escrow Itemg." L.ender may,at any time.wllect and hold FUnds in an amount not to excced thc maximum
<br /> -•� amount A lender for a federafly�olated mortgage ban may require for Borrower's escrow accamt under the federel Real
<br /> Estate Settlement Pmcedures Act of 1974 as unended from tlme to time,12 U.S.C. �2601 et seq.("RESPA").unless another
<br /> — law that applies w the Pundr sets a lesser amount. if so.L.ender may.at any time,eollect and hold Fbnds in an emount not to
<br /> - excced the Icsser amount. Lendcr mey eslimate the amount of Pbnds due on the basis of cuRem data and reasunrbla -
<br /> eadmates of expendl�ures of future Escrow Items or otherwise in accordance wlth applicable law.
<br /> --� Thc Punds ahall be held in an institudon whose deposits are insurcd by a fcderal agency, instrumentality, or entity
<br /> -��� (including Lender,if Lender is such an institution)or in eny Federa!Hame Loan Bs�n�, l.ender shall apply the Funds to pay
<br /> ----- � tho Escrow Items. l.ender may not chuge Borrower for holding and applyfng 1he FLnda,annually analyzing the escrow
<br /> �- nccount. or verifying the Escmw Items, unless Lender pays Borrower interest on 1he Funds and applicable law permits
<br /> � Lender to make auch a charge. However.I.ender mey require Borrower to pay a one•time charge for an independent real
<br /> ___,_� estate tax reporting service used by Lender in connecNon with thia loan.unless applicnble law provldes otherwise. Unless an
<br /> _ agrocmcnt is made or epplicable law requines interest to be paid,Lender shnll not be required to pay Borrower any interest or
<br /> �"�'� eamings on the Funds. 8orrower and Lender may agree in writing.howcvcr,lhat interest shall be paid on 1he Funds. Lender
<br /> �_"°"���7 shall give w Borrower.without charge,en annual accuunting of the P1�nds,ghowing credits and debits to the Funds and the
<br /> -_-� purpose for which each debit to the Funds was made. The Fhnds are pledged as addidonal securlty for all sums secured by
<br /> � thic Secudry Instrumen�
<br /> _,,,�,�,�,°� � If�he E�nds held by l.ender exceed the amounts permitted to be held by applicable law, Lender shall account to
<br /> -==� .. Borrower for the excess Funds in accordance with the requi�ments of applicuble law. If the amount of the Funds held by
<br /> --- Lender at any time ia not Aufficient to pay the Escrow Items when due,L.ender may so�odfy Borrower in writing,and, in
<br />__,.j,,M`"`' �' such case Borrower shall pay ro Lender the nmount necessary to make up the deficiency. Borrower shall make up the
<br /> "'__'�- -r de6ciency in no more than twelve monthly payments,at Lender s sole discretion.
<br /> �"�;�"' Upon payment in full of all xums secured by this Security Instrument,Lender shall promptly refund to Borrower any
<br /> - ����"�s ' FUnds held by Lender. If,under paragraph 21. Lender shell acquire or sell Ihe Propeny. Lender,prior to the acquisition or :
<br /> ;���r,�•� sak of the Property.shall apply uny FLnds held by Lender at the time of acquisition or snle�c n credit against the sums
<br /> '�'��t.�4 .�
<br /> — secu�ed by this Secudty Inswment.
<br /> —+-•s.'i.....
<br /> "r�� • 3. ApplieAtbn oP F�►ymenta. Unless applicable luw provides otherwise, all payments received by l.ender under
<br /> -- -. psuagrapha 1 and 2 shall be ppplied:Frst,to any prepuyment charges due under the Note; second,to umounts puyAble under
<br /> � =� parograph 2;third,to interest due;fourth,to principal due;and last,to any lare churges due under the Note.
<br /> '�� 4. ChArQes; Liens. Borrower shall pay all taxes. acsessmen�g, charges, �nes a�d impositions atvibutable to the
<br />_ _ _ �;:•, Prope�ty whlch muy attain priodty over thfs Security Instn�ment,and lensehold paymeMS or ground rcnts.if any. Borrower
<br />.,;_f���;��;; shall pay these obligations fn the manner provided in paragrnph 2,or if not paid in that munner,Borrower shall pay�hem on
<br /> ��„�,�:.•,;. ' time ditecdy to the person owed payment. Borcower shull promptly fumish to Lender all notices of amounts to be paid under
<br /> ��-.�`;: this paragrnph. If Borrower makes these payments directly.Borrower shail prompNy furnish w Lender receipts evidencing
<br />---._:'::*��,. the payments.
<br /> -- - Borrower shall promptly dischorge uny lien which has prfority over this Security Instrument unless Borrower.(a)agrees
<br /> =--="'';`-' in writing to the payment of the obligation seeured by the lien in u mnnner acceptable to Lender.(b)contcsts in good fiuth the -
<br /> �:,� • lien by,or detends against enforcement of the lien in,Iegul proceedings which in the Lender's opinion opernte to prevent the
<br /> -` enforcement of the lien;or(c)secures from the holder of the lien an ugreement satisfactory to l.ender subordinating the lien
<br /> ' � � ' to this Securiry Inswmen�. If Lender detertnines that any pwt of the Property is subject to a lien which may attain prior�ty
<br /> -��� ` � over this Security Inswment,Lender may give Borruwer n notice identifying the lien. Bnrrower shali satisfy the lien or lake
<br /> :`..N i.
<br /> one or more of the actions set forth above wilhin 10 duys of the giving of notice.
<br /> °•-�-F�: `� S. Hawrd or Property Insurance. Borrower shull keep the improvements now existing or herenfter erected on the
<br /> •� ., ' ' Property insured against loss by fire,hazards included within the term"extended coverage"and uny other hozurds,including -
<br /> . o. tloods or flooding, for whkh Lender requires insurancc. This insurance shall be maintained in the amounts and for the _
<br /> '. Form 3Y18 9/9D (paRe 2 nfA/axerl
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