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<br /> '�� TOOE7HBR W117i aN the improvemcnts now or herepfter cra;�ed on the propeny,and all ca�ememw,appunenonce�,
<br /> _ �nd flxturos now or hercafter a piut of�he property. All rcplacemenls pnd addiliana rhpll alRO bo covarod by thi� Sacurity
<br /> - �- - -- lnstrueeent. Ali of the forcgoing ia Rferred co in thia Secu�ity lasaument ar Ihe"Property."
<br /> �� BORROW6R:OVENAN'TS that Borrowcr is lawfully gcirsed�f�hc estatc hcreby runvcycd And hw��he ripht �o Qrant
<br /> '�y�_� un�i convey ihe Property and that the Property is unencumbered,except ior encumbrunces af recard. Burruwcr wwrcanlr wul
<br /> will defend generally the title to the PropeAy wgainst All claim�wid demnnda,subject ta any encumbruncer of rccont.
<br /> '`�� �70 THIS SECURITY INSTRUMENT combines uniPorm covenants for national use nnd n��n-uniform covenwolx wUh
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<br /> limited voriadons by jurlsdic�fon to conadtute a uniform security instrument covering real propeny.
<br /> ,r UNtFORM C4VENANTS. Borrowcr end Lender covenant tuid agrec as followK:
<br /> - - 1. Payment ot Principal and Interesti Prepwyment and Lpte Cha�es, Borrower shull prompdy puy when dua�hc
<br /> _ �`� prir�cipal of and interest on the debt evidenced by the Note and any prepayment and lute charges due under 1he Note.
<br /> - 2. Fbnda far 7bxes and insutanca SubJect to applicable law ar to a written waivcr by Lendcr,Burrowcr ahall pAy to
<br /> _ --= Lendcr on the dey monthly payments are duc under the Note,until the Notc is paid in full,u sum ("Funds") Por:(Al yeurly
<br /> - -��` - . taxes and ussessments which may attain p�ioriry over this Security Instrument as u lian on the Pa�peAy:(b1 yeurly leucehald
<br /> - ` p(aymenis or ground rents a� the Property. if any; (c) yearly hazard or praperty insursmce premiumg; (d) yearly flood
<br /> �_,�� 4 ' Insurance pr.+emiums. if any; (e) yearly mongage lnaurnnce premiums, if uny; and (� uny sums pnyeblc by Hormwer to
<br /> �L�y==��= Lender,in accordance with ihe provisians of psuagraph R. in lieu of the payment of mortgage insurunce pt+emiums. The�e
<br /> _-~=�-�`=?.� items are called"Bscrow Items:' Lander may,ut any time,collect und hold Funds in an umount n�t to exceed Ih�muximum
<br /> — �..�";-y emount a lender for a federally related mongage loan may require for Borrower�s escrow account undar the federnl Real
<br /> __„��_ "'� Estate Settlement Procedurea Act of 1974 as amended from time to timc, 12 U.S.C.� 2G01 e�scq.("RFSPA'7.unless anothcr
<br /> _ __ __ __ -"' law lhat appliac m the Funde xets a leasvr amount. if so,Lender may,at any time,callect and hald Fundc in an amounl not ta
<br /> --��-_�„���'s�"'��'�" exceed the lesser amount. Lender may estimate the amount of FLndg due on ihe basia of currenl dAta und reasonuble
<br /> -��"�"-''" estimates af expenditures of future Escrow Items or otherwise in accordance with applicable luw.
<br /> -""`'�-� The Funds shall be held in an instiwtion whose depositg are insured by a federal agency, instrumentnlity, or entity
<br /> ---+s��.uis�*"e. �:���:�'.`.' � (including Lender,if Lender is auch an institutian)or in cu�y Federul Hame I.oan Bank. Lendcr shull apply ihc Funds to pay
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<br /> -_ r=�;��°,=,a,:. .• the Escrow Items. l.ender may not cherge Borrower for holding and applying the Funds,annually analyzing the escrow
<br /> � i�' uccount,or verifying the 8scrow Items, unless Lender pays BoROwer interest on the Funds and upplicAble luw permits
<br /> � �''��. �' Lender to make such a charge. Ho�+ever, Lender may require Borrower to pay a onc-time chargc far an independent reul
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<br /> --=_ �. . - . • estate tax reporting service used by Lender in connectlon with this loan,unless applicable law provides otherwlse. Unless an
<br /> ��- ��•�•�•3��'�' a eement is made or a licable law r uires interest to be aid,Lcndcr shull not be re uired to u BoROwer un interest or
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<br /> %y= �'a�;;'�` � eamings on the Funds. Borrower and Lender may agrec in wrlting,however.that interest shnl!6e paid on thc Fundx. Lender
<br /> -L���`: i;��`.}^2,° • shall give to Borrower,without charge,an annual accountiog of the Funds,showing credits und debi�s to�he Funds and the
<br /> �•�t' - � purpase for which each debit to fhe Funds was made. The Funds are pledged as additional securiry for all sums serured by
<br /> -��`' �"'t''-��``='�=` this Sccuriiy 1n;ttuts�cnt.
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<br /> -°`��"-� 3 � ' If�he Phnds held by Lender excced the amounts permitted to be held by applicable luw, Lender shull u�count to
<br /> ��:' �� ,� :,.,�.�, � Borrower for the excess Funds in nccordance with the �quirements of npplicable luw. If the wnount of the Funds held by
<br /> - 'y y"�� Lender at any time is not sufficient �o pay the Escrow Items when due, Lender may so notify Borrower in writing,end.in
<br /> �' "��� `" such case Borrower shall pay to I.ender the amount necessary to mnke up the def iciency. Borrower shall muke up the
<br />_ .'• :,� �� ' �'��,: deficfency in no more than twelve monthly payments,ut Lender�sole discretian.
<br /> '' U n a ment in full of all sums secured b this Securi Instrument, Lender shall rom tl rcfund to Borrower an
<br /> � 4�,��"'r•�ca„rtr.:' Po P Y Y �Y P P Y Y
<br /> Funds held by Lender. If,under purngruph 21,Lender.r•hnll ucquir�e or tiell the Propeny,Lender,prior to the acqulsitian or
<br /> ' `�'�='!"`�':`��� sale of the Property,shall upply any Funds held by Lender ut the time of ucquisition or xule as �credit against the sums
<br /> '''• secured by this Security Insuumem.
<br /> - u 'r�' � '�'" 3. Applieatiop of 1'ayments. Unlexs upplicable luw provideti othenvise, nll puyments received by Lender under
<br /> � + ��� , ;�',;.: puragraphs I and 2 shell be applied: fint,to uny prepnyment churges due under the Note;second,to umounts puyable under
<br /> �},'`''� paragraph 2;third,to interesl due;fourlh,to principnl due;and IASt,to uny late charges due under the Note.
<br /> � �� "�+�' 4. Chprges; Llens. Borrower shnll pay nll tuxes, ussessments, chnrgec, fines and impositions uttributable lo thc
<br /> `''•���' ° Property which may attuin priority ovrr ihis Security Instrument,und leusehold payments or ground rcnts,if uny. Borrower
<br /> ,,��. .. 1 . shull puy thesc obligations in the manncr provided in purugraph 2,ur if not puid in thA�manner,Borrower shull pay them on
<br /> time directly ro the person owed payment. Borrower shnll promptly Pornish to Lcndcr ull naticcs of umourns�o be paid under
<br /> ;� ' this paragraph. If Borrower make4 these payments directly,Borrower xhall prompily fumish to Lender receipts evidencing
<br /> "` _ '� '�•�..`.' the payments.
<br /> ` a,;,,,,_,•� Borrowcr xholl promptly dischurge uny lien which hus priority over this Security Instrument unle�s Rormwer:lu)ugrees
<br /> -� . • � in writing to the payment of the obligation secured by the lien in u munner acceptnble to Lender;(b)conte�cts in good fnith the
<br /> "" �M«��� lien by,or defends Against enforcement of the lien in,legal proceedings which in 1he Lendert opinion operute lo prcvent the
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<br /> •:.,f� • - enforcement oF the lien;or(c)secures from�he holder of the lien nn agrcement suUsfactory to Lender subordinnting Ihe lien
<br /> ,�t} • . � • to Ihis Securiry Instrument. If Lender determines thut uny pnrt of the Property is xuN,jec[to u lien which may uttoin prioriry
<br /> <� over this Security Inslrumen�,Lender may give Borrower u notice identifying thc lien. Bo�row�r shall xatisfy the Ifen or take
<br /> '�.;{ . • �4 '`� one or more of the ttctions set forth ubove within 10 dnys of the giving of notice.
<br /> 5. Hazprd or Property Insurance. Borrowcr xhull keep the improvcments now cxisting or hereaftcr erecicd on the
<br /> - ° �;. Property insured uguinst loss by fire,h:uw�ds included within the�crm"cx�ended cuveruge"und uny wher hur.urds,including
<br /> tloods or tlooding, for which Lender requircs insurunce. This insurance shull be mnintained in �he urnoums and for the
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