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<br /> 7'OpETHFR WITH all the improvemente now or hereofter erected on the prnpenY.and a��e ",w ��
<br /> �' t�nd fixturoR now or hereafter a pe�t of the property. Ail rcplpcements ond addttiona shall Also bo coverod by�hie Sac y
<br /> - -_a.1..� — -- -
<br /> -- - In�irummt. All of the forcgaing is refemed to in this Secu�lty Ins�trun�ent as the"Propeny."
<br /> ��� BORROW�R COVBNAfY'i'S that 8orrowcr is lawfully xciscd of the eslute het+eby co�veyed und has the riaht ta grant
<br /> � and convcy Ihc Pro{xrty and that tho Properry ia uncncumbered,cxcept for encumbronces of record. Bortower wnrranw ond
<br /> -_=��:___ _ " will defend genendiy the title ta the Property against all elaim�end demandA,subject to any encumbrancee of record. —
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<br /> THIS SBCURITY INS'1'RUMENT combinea unifotm covenants for natianui use unJ nun-u��ifam covenanu t
<br /> '� limited varlodona by Jurisdicr�on to conaUtute a uniform secu�ity insttument covering rewl propeny.
<br /> 4 UNIFORM COVENANTS. Ho�rower and Lender covenunt and agrec as follows: a when due tt�c
<br /> .�_ ` 1. Paymenf otP►Inctpal And late�esti Prepwymeat and Late Chargea. Borrower ahall promptly p Y
<br /> .;�. ..�• pdnci �I af and interest an the debt evidenced by the Nate and any prepayment and lete chargea due under�he Nwe.
<br /> � Fuad:►�or'Ibxes And InsurAnce. Subject to applicuble Inw or to a w�itten waiver by L.ender.Horrower ahall pay to
<br /> - - Lender an the day monthly payments are due under 1he Note,until the Note is paid in full,u sum l"Funds")for: (u)ycarly __ _
<br /> "�` �' taxes and asscsamente which may attain priorily over this Security Instniment as a lien an the Praperty:lb)yearly leaseliold
<br /> -�=•==°� • payments or ground renta on the Property. if any; (c) yearly hazard or property insurunce premiums; (d) yearty flood
<br /> �`="'�_�-�, inaurance premiuma.if any; (e) yearly mortgage insurunce premiums, if uny; and (� any sums payable by Borrower to
<br /> --..,�.-.a:. I.ender,in accordence wfth the prrnisions of paragraph 8,in lieu of the payment of mortgage inRUrance premiums. These
<br /> ����-�`?,: items are called"Escrow Itema." Lender may,at any time,collect and hold Funds in an amount not to exceed tlle maaimum _
<br /> =-`��.��. amount a lender for a federally related moAgage loan may require for Borrowers escrow account under the federal Real
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<br /> =^��"�= Estate Settlement Prcxedures Act of 1974 as amended from time to time,12 U.S.C.$2601 er seq.("RESPA"),unless ano r _
<br /> - law that applies ro the FLnds sets n lesser amount. If so,Lender muy,at any time,colfect and hold fixuisti In an amount not to ��,
<br /> � `-� == exceed the lesser amount. Lender may estimate the amount of Funds due un the basis of curtent duta ond reasonable mr
<br /> .;,;,m'` °�`LL�T esdmates of expenditures of future Escrow Items or otherwise in accordance with applicuble law. _
<br /> �_�="—`-=•`- The Funds shall be held in an ins�itution whose deposits are insured by u fedcral ugency, instrumentaliry, or entity �.,,
<br /> .� �T'� .
<br /> '°�"=W"iti`• " (including Lender,if Lender is such an institution)or in any Federal Home Loan Bnnk. Lender shull apply the Funds to pay �•.
<br /> -°—�• ��`., "'' the Bscrow Items. Lender may�a churge Borrower for holding and applying the Funda,unnually annlyzing the escrow __
<br /> -�- �j�• " account,or verifying the Escrow Items, unless I.ender pays Borrower interest an the Funds and applicable law permits =
<br /> `���'{�1� Lender to make such a churge. However,Lender may require Bortower to pay a one-time charge for un independent real --
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<br /> --=-�+����'�;-��'�.- ' eslate tax reponing service used by L.ender in connection with this loan,unless upplicable law provldes otherwise. n ess nn _
<br /> �.'�i���,e:.�.g� agreement ia mude or applicable law requires interest to be paid.Lender shall not be required to pay BoROwer any interest or �.
<br /> =,�'�,�` ��"�fi •.-.� , eamings on the Flmds. Borrower and Lender may agree in writing,however,that intemst shall be paid an the Funds. Lender --.--
<br /> :��';� �.��.. shell give to Borrower,without chnrge,an amuAl accounting of the Funds,showing credits and debits to the Funds and the _—
<br /> _�:- - -_ .;�,.,,.. ' puc�sosc for which cacb debis so the Fands wss made. ThP F1mdc are pledged as udditional security for nll sums r�ecured by —
<br /> x ` �. thi�Security Inswmcnt. ---
<br /> - i. "`°'�'' If the Funds held by Lender exceed the amounts permiued to be held by applicable law. L.ender shall ucwunt to
<br /> � �`� Borrower for the excess Funds in nccordnnce with the reyuiremems of applicable law. !f 1he amount of the Funds held by �
<br /> _ ,„ Lender ut any time is not sufficient to pay the Escrow [tems when due,Lender muy so notify Borrower in writing,and, in ;�___
<br /> . � ����•• such case BoROwer shnll pay to Lender �he amount necessary to mnke up the de�ciency. Borrower shull make up the �
<br /> .:.,;:!: �� deficiency in no more than twelve monthly payments,at Lender's solc discrction. __
<br /> �"<iy,: Upon payment in full of All sums secured by this Security Instrument,Lender shall prompdy refund to Borrower aay v_
<br /> Funds held by Lender. If,under pat�agruph 21.Lender shull acquire ar sell the Propeny, Lender, prior to Uie �cquigition or ��
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<br /> sale of the Property,shall upply any Funds he1J by Lender at the time of acquisition or wle us u credit against the sums
<br /> ' , � . �... • szecured by this Securiry Instrument. �--
<br /> • 3. ApplkAtion of Paymenls. Unless upplicubic Inw provides othenvise, nll payments received by l.ender under _,._..
<br /> .x;�"•' �„ paragraphs I and 2 shnll be upplicd: first,to uny prepnyment charges due under the Nole; second.to amounts payuble under _,,,,,.
<br /> �� " �' " � pnragraph 2;third,to interest due;founh,to pdncipul due:and lae�,to any late charges due under the Note. �°
<br /> �,' ' � 4. Cho��es; Liens. Borrower shall puy all t�xes, usscssments, charge�, fines and imposiiions uttributable to the ._
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<br /> •,.�.;:r.--� ., Property which mny nttain priority over this Security Instrument,und leusehold puyments or ground rents,if any. Borrower �
<br /> • y �., shull pay these obligations in the mnnner provided in puragrnph 2,or if not paid in thnt manner,Bortower shall pay them on ---,�
<br /> .;.,:, �.> ' . time dirccdy to the person owed pnyment. Borrower shull promptly furnish to Lender ull notices of amounts to be paid under �:;=�_
<br /> this puragraph. If Borrower mukes the4e payments directly,Borrower xhall promptly fumixh to Lender receipis evidencing ��
<br /> •-, tbe payments. --
<br /> , ,. �,;• Borrower shall prompdy dixcharge uny lien which hus priority ovcr this Sewrity Inswment unless Borrower:(a)agrees `
<br /> -'� " in writing to the payment oP the obligation secured by the li�n in n munner ucceptnble to Lender;(b)contests in good fnith thc �-
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<br /> '°'�!� '•�`�'�' lien by,or defends uguinst enforccment of the lien in,Icgal pra:ecdings which in�he Lenders inion o rate to revent the
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<br /> s.• enforcement of the lien;or(c)secures from Ihe holder of�he lien nn agreement satisfactory to Lender subordinating�he lien
<br /> � . • • to this Security Instrument. If Lender determines thut�ny part of�he Propeny is�ubject to u lien e�hich mAy nttain priority �__,;�
<br /> ovcr this Security Instrument,Lender muy give Borrower n noticc identifying the lien. Borrower shall sa�isfy the lien or tuke _
<br /> one or more of tlie uctions set forth ubove within l0 days of the giving of notice.
<br /> � 5. Hazard or Property Insurance. Borrowcr shnll keep the improvements now existing or hereufter erected on the
<br /> • . , � • Property insured against Mss by fire,hsu.urds included within the term"extended coverage"and uny other haxards,incluJing
<br /> �, . floods or flooding. for which Lender requires insurunce. This insurance shull be ►rwintuined in Ihe amounts and for the
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