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<br /> �.;»��i TOC3E71�iER WITH all the impmvements now or hercufter erccced on�hc praperty. and ull eASemcnts,uppurtenances,
<br /> •��r�� and flxturca now or hereafte�a pan of the property. All rcpluccmems nnd aJditiuna ahall also be rnvered by thla 3ecu�ity
<br /> `�� Inwrument. All of the foregoing is rcfemed to in thia Security inatrument ua thc"Praperty."
<br /> - HORROWBR COVBNANTS tlutt Borrower ia lawfully suised of Ihe eatute hcretsy conveyed und hes tche right to grant _
<br /> -� �,, und convey�he Prop�rty tutd�hat ihe PmPer1Y is unencumbercd.excepi ibr encumbrauccY uf record. Rorrower warrants and -
<br /> "�`� �';°�' will defend generalfy Ihe title ta the Propeny against�II cluimr und demands,subJcct�o pny encumbrences of record, =
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<br /> - THIS SECURITY INSTRUMBIVT combinesc unifbrm covenunts for nntfanal use mid non-uniform cavenuma w� �-��
<br /> limited viufaiians by Ju�isdiction to constitu�o u uniform securlty in��rument cavering real propenY•
<br /> ��`��"'�'�"=�. UNIFORM CUVENANTS. Borrowerand Lendercavennnt and agree as fdluws: �___- - -
<br /> --'=_=°' 1. Fayrnent ot Pelncipd s�ad IMereet;Prepwyment And I..ate Ch�rQea Borrower shull prompdy pay when duc the
<br /> .:,�,.,'. ' principal af and interest on the debt evidenced t►y the Note and any prepayment and late charges due under the Note.
<br /> -°_"�*� 2. Fbnde for'Ibxes aod InrrrAnce. Subject to applicabic luw ar to p written wulver by I.ender,Borrawer shall pay to _
<br /> � �~�"-°� L.ender on Ihe day monthly puyments arc due under thc Notc,until ttie Note is puid in full,a sum l"Funds"1 for:(u)yeurly
<br /> ��;�.''.' texes and assessmenis which may altnin prbriry aver this Securiry Insuument as u lien on�he Propeny:(b)yeurly ieaschold _ _
<br />���"�•:-��. ` payments or ground renu an the F'ropeny, if any; (c) yeruly hazard or property insurance pr�emiums; (d) yearly flaod _
<br />����'�;,��::: inaurancc premiuma,if any: (c) year'�y mortgagc inaurance premiums, if uny;und (� any �ums payable by Borrowcr to _.
<br />°��'' � �,��; • Lender, in accardance wlth the pmvisions of purugrnph 8,in lieu of the payment of mongage insurnnce premiums. These _
<br /> �,:.4���_��, items ure culled"Escraw ltems." l.ender mey,at any time,collect and hold Funds in an umount not to eaceed the maximum
<br />� �s �'� emount a lender for a federally releted mortgage loan may require for Borrowerk escrow account under the federul Rcal __
<br /> '• r��f " Estate Seqlement Procedures Act of 1974 as amended from time to time, 12 U.S.C.§2601 e�seq.("RESPA"),unless enother
<br /> �F�, Iaw thet appli�s to the Funds sets a lesser amount. If su,Lender may.nt any time,collect wid hold Fundx in an amount not to `�,::n-__
<br />�� excced the lesser amount. I.ender rnay estimate the umount of Funds duc on the basia of current data aad reasonable _
<br /> �'�^�''�.``•'�' - estimales af expenditures of futurc Escrow Items ar otherwlse in accorclsnce with applicable law. ` ___
<br /> � ����� The Punds shall be held in an institution whose depoxits sue insured by a federal agency, instnimemality, or entity �gp�
<br /> ••� • �' ���f�'� �` (including l.ender, if Lender is such an institutian)or in any Federal Home l.oan Bank. Lender shull apply the Funds to pay
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<br />' �.:_ ��Y+ u� the�scrow Items. Lender may not churge Borrower for holding and applying the Fl�nds,annually nnalyxing the escrow
<br />�d'i. � *r�� 8'+4"' �,+ummwn
<br /> „�.. �. ,�r�: account. ar verifying the Esaow Items, unless Lender pays Borrower interest on the Funds and applicable law permils
<br /> e. �� - � Lender to make such a charge. However,I.xnder may requi►e Borrower ro puy n oae-time charge for an independent reul �____�
<br />�j�,� " . ' eslate taa reporting service used by Lender in connection with this ban,unless npplics�ble law provides othenvise. Unless an "'-"-"
<br /> ��'�� agreement is made or applicuble law rcquires intereat to be paid,Lender shell not be required ta pay Barrowcr any interest or �'�:.-��-�
<br />�;��`• �"���'��.�:.a• : cornings on thc Flmds. Borcowe�and Lernler mny agree in writing,howcver,that interest shall be paid on thc Funds. Lender �`,,,y;:;.
<br /> r� ��li�� ' ' shull we to Borrower. withaut charge,an annual uccounting of ihe FLnds,showing credi��and debits to the Fundti and the ��,
<br />�-�n 1 -y" '' ' purpose for which each debit to the Funds wus made. The FLnds are pledged a�additionol security for all sums secured by �.,,¢=•
<br />:�,,,..: ��°.,. .. `•. �
<br />� ,� ° this Securiry Instrument. ��'
<br />�_' c:.� -„y;,x,,,;._ lf the Funds held by l.cnder excced the amaun�s permitted to bc held by applicnble law. Lendcr shall uccaunt �a ���..:
<br /> • r' ��•r• Burrower for �he excess hunds in accordance wiii�t;�a requiremcnts of applic�ble la�v. �f the am�unt oP�he Funds held by ___���
<br /> Lender ut any time is not sutficient to pay the Escrow Items whcn due, l.ender mey so notify Borrowcr in wri�ing,and,in �_,--�
<br /> �i'�. ,-r . '� such case Borrower shall puy to Lender the amount necessary to make up the delxiency. Hormwer shall muke up the _�
<br /> `��''n' • ' deficiency in no more than twelve monthly puyments,ut Lender+solc discre�ion. -;;�s-..
<br /> � ;• j�s�., Upon puyment in full of ull sums secured by thi+Securiry Ins[rumem,Lender shall promptly refund to Borrower any .-�-
<br /> `P Funds held by Lender. li,under parngruph 21,Lender shull ucquire or se0 the Piropeny,Lendcr, prior to thc ncquisilion or ,y._-�
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<br /> sale of the Property,shall upply any Funds held by Lender ut the [ime af acquixiiion or sale as n credit agAinst thc sum�
<br /> , ±„d �' �� securedbythisSecuritylnstrument.
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<br /> �,;,�,.. ... . 3. Application of Payments. Unle�s +�pplicuble luw provides otherwisc, nll puyments reccived by Lender under
<br /> : . ' parugrnphs 1 NI()Z SIIAII IIC II�IICA: first,to uny prepuyment charges due under the Note;second,to umounts payuble under r,..�.:.�_
<br /> , � paragmph 2;third,to interert due;fourth.to principal due:nnd lust,to uny Inic churges due under ihe Note. a.,-�,,;�
<br /> �t�:- 4. Charges; Liens. Borrower shull puy all �axes, ustics,ments, churges, fines and impotiitions uuribuu�bie to thc �•:�
<br /> `'..,a Pe Y Y P Y Y P Y S y �,,�•�_.
<br /> ,z pro n which mu attuin riorit over this Secucit Inswment.and Ieaschold u ments or round rents,if an . Borrower �•?-`�=,:9
<br />• ��►' � ` �� shall pay Ihese obligations in the mnnncr pmvided in parugruph 2,or if noi paid in Ihat manner,Borrower shall puy them on ��_--_�__
<br /> �� �' ��� time directly to the persan owed payment. Borrow�:r shall prnmptly fumixh�o Lender all noticcs of amoun�s tu be puid under
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<br /> .,, this paragmph. If Borrc►wer mukes these payments direcdy,Borrower shall prompUy fumish to Lender rereipts evidencing �.��_
<br />,+� - :, the payments. �•-"'��
<br /> • Bomower shall promptly dischurge any lien which hus priority over this Security Instrument unless Borrower.(a)ugrees �c-
<br /> � � � in writing to the payment of Ihe obligAlion secured by the lien m u mumier acceptuble to Leuder,(b)contests in good faith the
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<br /> • ° lien by,or defends aguinst enfo�cement af the lien in,legal pmc:c�dings which in the Lender's opinion operate to prcvent the ;��.,,�-_
<br /> ' o he lien•or c)secun:s from the holdcr of'the licn nn agreemcnt satist'ac[ory to Lender subordinaling Ihc lien �-�=�',
<br /> enforcement f t . (
<br /> • " �� to this Seeurlry Instrumem. If Lender determines thnt any p�rt of the Prcmerty ix subject to u lien which may •rnain prioriry -
<br /> , � over this Security Instrument.Lender may give Borrower u noticc identifying the lien. Borrower shall satisfy the lien or take �"" _'"�
<br /> one or more of the actionx set fonh ahove within IU days of the Eiving of naicc, � :"s.°
<br /> �� � ' S. Hazord or PropeMy Insurence. BoROwer shull kcep ihe improvcrnents now cxisting on c�reuflcr erccted on Ihe -
<br /> " Property insured ugainst loss by firc, huzurds included within the Ierm"cxtended coveruge"und any other hoznrds, including
<br /> • � floods or flooding.for which Lender reyuires insurance. This insurunce xhall be m�imamed in ihe amounts and for lhe
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