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<br /> TOUEfHER WITN all the improvements now a hereafter crtctcd on�ha propetty.and�II cicamcnte.appurtenw�cea.
<br /> atd fixture�oow or hatnfter a put of Ibe properry. All rcplacemente and additions�hall Nw ba covued by Ihi�Security
<br /> 1nRaamen� All of thc foregoing is rcfened to in thie Security Inetrument Aa the"Property."
<br /> BORROWBR COVENANTS thwt Borrower is lowfully sel�od af Ihe eslate hereby canvaycd and has Ihc dghttu gru�t
<br /> nnd convey the Pm+rerty and thwt�he Property iR unencumbered,except for encumbranceR af rccord. Borrower werranta nnd
<br /> will defend gencrally Ihe IiUc to the PropeAy��rinst all clafma and dcmwncls.subJa:!to any encumbrw�ces of rccoM.
<br /> - _---�-- ____.-_.� TH1S SECURITY INSTRUMENT rrnnhinr.s unifixm cnvenantr fnr na�ionel usr end non•unifixm cmen�xNs wilh _
<br /> 1im11ed vuiationa by jur�Rdiction ta conndtute q uniiortn xecudty instrument coverin�rcAI propeny.
<br /> UNIFORM COVENANTS. Borrawcr and l.etKlct c�vcnant a�d agrec av follawn:
<br /> 1. PAymeot of P�lacip�l�ad lelerati�ep�ymrnt and Lpte Char�es. Barrawcr shall pramp�ly pny whcn duo Uio
<br /> princip�1 of and intcrcet an Ihe deM evidcnced by Iha Nmc and uny pre�ymcnt and I�tc chwryscs dua undcr the Note.
<br /> ---.�� 2. Re�nd�ter'Ih�e+enel lnwr�nce. 9uhjncllo wppNcahle IAw�x t��A writ�en waiver by Lcnder.BoROwe�slwll pay to
<br /> _ L.ende�on thc day monthly payments are duc under ihc Nae.until�hc Note ix paid in full,a sum("Fundx")for: (a)yearly
<br /> - ' twces n�d ossescments which muy uqnln priarlty over�hix Secu�i�y Inwirumen!ux u Hen on Ihe Property;(b)yeady leasehald
<br /> �� � ---- pnymm�te or ground rents on the Piroperty. if any: (c) yesuly hawrd or property insumnce prcmiums; (d) yeArly flood
<br /> insurance prcmiums. if any: (e) yearly maR�nge ingurLnce premiums, if ony: and (fl Any sum.r payuble by Borrower to
<br /> Lender. in nccordence wilh the provisions of paragmph 8,io lieu of tha payment of mortguge insurance premiums. These
<br /> items are rAlkd "E.�crow Items. Lender mny,at any limc,collect and hold Pondc in an amount not to exceed the maximum
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<br /> �,..,,, -- - „ emount a lende�for a feders►Ily related monguge loan may require Por Bortowers escrow account under tF�e ederal Real
<br /> :r:'` P, Eslak Seulament pnocedures Act of 1974 av nmended irom tima to time,12 U.S.C.�2601 er seq. ("RESPA"),unless enWher
<br />- �` •:�,`�i:� lew�hAt applies to the Funds sets A lesser amount. If so,l.endar mey.at nny time,collect and hold Fundc in en amount not to
<br /> ' � """""�"-"��!� exceed the lesser amount. Lender may estimate the amount of Funds due on the basis of cument dala and reasawble
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<br /> � ' � `�''�'•:.:.'J` estimates of expenditures of future Escrow Itams or dherwise in accordunce with appliceble Inw.
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<br /> . .. � . The Funds shall be held in aa insti�ution who.se deposits are insured by a federnl agency. instrumentality, or entity
<br /> � ' (including Lender,if Lender is such on institution)or in uny Federnl Home Loan Bank. i.ender shnll apply the Funds to pay
<br /> ' �"Y°.;-�;� .• °a""��� the Escrow Items. Lender may not chorge Borrower for holding and applying the FLnds, annually analyzing the escrow
<br /> � • � • account,or verifying�he Escrow Item�, unless Lender puys Barrower intereat on the Funds and applicable law permits
<br /> •`'•� �*�" Lender to make such a cherge. However,L.endar may mquire Borrower to pay a one•time charge for an independent real --
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<br />' "' � aF estate tax reporting service used by Lender in connection with this lonn,unless applicable law provides otherwise. Unless en --
<br />,; .. ''�� .�" •;:: , agreement is madc or applicable luw requires interest lo tx:paid,Lender shnll not bc required to pay Borrower any interest or
<br /> _- . ' eamings on the Flmds. Borrower und l.endcr may ugrec in writing,however,that interest shull be paid on the Funds. Lender
<br />- ���.'. �� • ' sh�li glve to Borrower,wilhout charge,an annuul accounting of�he Funds,showing credits and debits to the Funds and thc -
<br /> , ' purpose for which each debit to the FLnds wos made. The Ft�ndv urc pledged as additional security for all sums secured by
<br /> =_ :•; , : .-. - !h!s Sesurity lnstrumsnt.
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<br /> , If the Funds held by Lender excecd the t►mouniti permined to be held by upplicable law, Lender shall nccount to
<br /> ' ' BoROwer far the excess FLnds in attordance with the requirements of applicubk law. If the amount of the Funds held by -.
<br /> � � _ Lender at any time is not sufficient to pay the Escrow Itams when due,Lender mny so notify Borrower in writing,and,in
<br /> ' ;:,�,.� such case Barower shull pay to Lender the urnount necessary to mnke up the de6ciency. Bortower shall make up the
<br /> deficiency in no more than lwelve monthly puyments,at Lender's sole discretion.
<br /> ' Upon pnyment in full of aU sums secured 6y this Security Instrument.l.ender shall promptly refund to Borrower any
<br /> " Funds held by Lender. If,under paragraph 21, Lender sholl acquire or sell Ihe Propeny.Lender, prior to the acquisition or
<br /> - . sale of the Property, shAll upply any Funds held by Lender at the time of acyuisition or sale as a credit against Ihe sums
<br /> ;; + •• , secured by this Securi�y Instrument. ;_
<br /> " • • " 3. Applicalion o�P�yment�. Unlrgs applicable law pravides othenvise, all payment4 received by Lender under ��
<br /> ���� ' ��' ' paragrupha 1 and 2 tihaU be applied:first,to uny prepayment charges due under the Note;second, to smounts payable under
<br />:•� psuagrpph 2;third,to intcrest due;founh,to principul due:and last,to uny lute churgcs due under the Note. _-
<br /> 4. Chqrges; LMna. Borrower shall pay all taxez, assessmems, chnrges, fines And impositions atMbutable to the =
<br /> __ =-_- - ` ' � Property which rnay attain priority aver this Securi�y Instrument,and teasehold puyment�nr grru�nd mnt�_if any. Aorrower ;
<br /> ; ,, shall pay thcse obligaiions in thc manner provided in paragraph 2,or if not paid in that manncr,Borrower shull pay them on --
<br /> - . `_' "• � time direcUy to the person owed paymen�. Borcower shall promptly furnish ro Lendcr all notires of amounts to be paid under �_.
<br /> ' � this paragrnph. If Borrower make�thetie puymentw direcNy, Bartuwcr shull prompUy furnish ta Lender receipts evidencing "
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<br />::�_:;':.� � ,,:. , thc payments. ==
<br />- , '' Borrower shall pmmptly dischurge uny lien which ha.prioriry ovcr thin Security Instrument unless Borrower:(a)agrees =-
<br /> - in writing to�he paynxnt of tho obligutic�n xecurrd by the licn in n munner ncceptuble to Lender;(b)contests in good f�ith the �.
<br /> ' lien by,or defends Against enibrcement of Ihe lien in,Ic�tul pracccdings whirh io thc Lender's opiniun operate to prevent the � :.
<br /> � , enforcetnent of the lien;or(c)secures from the holder of the licn an agreement �atixfactory to Lender aubnrdinating�he lien �.
<br /> � to this Security Instrumen�. If Lcnder dc�crminrs thu�uny pnrt oi'�he Propeny iti.ubjcct to u lien which mny attain p•io�ity :
<br /> •e, over Ihis Security Instrument,Lender mvy give Bi�rrower u notice identifying thc lien. BaROwe�sboll satisfy the lien or take F:+
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<br /> f. '�'- ��� .. one ar more of the actiom set forth ut�ove within 10 days of the giving of notice. -
<br /> _ . ' • S. Hazard or Property Insurence. Borrawcr shall kcep thc improvcmcnts now existing or hereafler erected on the
<br /> =.� �� Property insured aguinet (oss by fim,hc►zard+includeJ within the tenn"extrndcd covcruge"unJ any othcr huzards.including
<br /> .�Z `'� � � flaocls or flooding, far which l.ender rcyuire. in�urunce. This in+urance tih•rll tx mainrrined in the amounts And for the
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<br /> Form J�21i 9190 r/r�,ge 2 n/n p„xexl �
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