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<br /> Tp(38'I'HER WI'PH all the improvcments now or hereaDer erected an the propaRY.end oll easements.ap{wrter�9��.
<br /> � and tixture�now or hercafter p put of Qie propetty. All r+eplocements and additions ahall alco be covered by thi�Secu�lty
<br /> In�trument.All of the foregoing io referred ro in�his Securlty Instrument ua the"Property."
<br /> ---- -- - g�1ttNUWER COVENANTS lhat Burrowcr is luwfully aei�ed af the estete he�eMy conveyed and Iws the right to grent
<br /> - —= ---- ana convey ihe Property and that the Property is unencumbered,e�cept for encumbrancea of recard. Borrowcr wan�ntr w�d
<br /> __ •,u will defend generally the tide to ihe Property against all clnimr wnd demanda,subJect t�any ericumBrances of record.
<br /> — THI3 SECURITY INSTRUIN�NT combines unifam covenents for natio�al use ond nan•unifam covenwus wlth
<br /> �� limited varlations by ju�isdiction to consdwte a unifortn sRecudry instn�ment covering real property _
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<br /> UNIFORM COVENANTS. Borrower and Lender covenu�t and agrce as folluws:
<br /> 1, Fayment o/Principal and IMerest;Prepnyment ond Late Cha�ea. Barower shall promptly pay when due the
<br /> princi al of and intereat on the debt evidenced by the Note and any prepayment and late charges due under the Note.
<br /> Fonda tor lhxea and Inaurance. Subject to applicaMe law or to a wrltten waiver by Lender.Borrower shall pay to
<br /> �_;1 l.endar on�he day monthly payments ere due under the Notc,unUl the Note is paid in full,a sum("Funds")fae(a)yea�'ly _
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<br /> ---� taxes and�esesaments which may attain pdority over this Secu�ty Inatrument as a lien on the Property;(b)y y
<br /> � payments a ground rents on the Propeny, if any; (c) yearly hazard or property insurancc premiums; (d) yearly flood
<br /> -°-^•'' insurance premiuma,if any: (e) yeatly martgage insurnnce premiums, if eny; and(�anY sums payablc by Borrower to
<br /> �;�a�q«.;� Lender,in accordance with the provisions of puragraph 8, in lieu of the payment of mortgage insurance premiums. These
<br /> _�":;� ilems are celled"Escrow Items." Lcnder may.at any ume,cdlect and hold Punds in an amount not to exceed the meximum
<br /> ___"� amount a knder for a federnlly related moRgage loan may require for Borrower's escrow account under the federal Real
<br /> E,state Settlement Procedures Act of 1974 as amended from time ta time, 12 U.S.C.§26UI et seq.("RESPA"),unless another
<br /> ` law that applies to the Funds set�a lesser amount. I f so.Lender mey.at iut y tfine.collect and hold Funds in an amount not to
<br /> --��_�r� exceed thc lesser amount. l.cnder mey estimate �he amount of Funds duo on the basis of curtent data and masonaWe
<br /> -i --____�r�;:� estimates of expenditures of future Escrow Itema or otherwise in accordance with npplicable law. _
<br /> '� �M' The funds shall bc held In an instltution whosc deposfts are insured by a federal agency. instrumentaliry. or entity
<br /> =—-_--�.-T-� i= (inciuding Lender,if Lender is sucb an institution)or in any Federal Home l.os�n Bank. Lender shall apply the PUnds to pay
<br />:��°;-�.,;�'�: " �he Bscrow Items. Lender may not charge Barower for holding and epplying the Funds,annually analyzing the escrow
<br /> ���"�,•�r�^ account, or verifying the Escrow Items. unless Lender pays BoROwer Mterest on the Funds and applicable law permits —
<br /> ---`��;;_`�°; .� Lender to make such a cherge. However,Lender mny require Horrower to pAy a one-time cherge for an independent real
<br />_ '�:::.;�;,�: „ estete tex reponing service used by Lender in cannection wi�h this loan,unless applicable law provides otherwise. Unle4s en
<br /> .�,`��. agreement is made or applicable law requires interest to be paid.Lender shall not be required to pay Borrower any interest or
<br /> --°-V'�"��"w' earnings on the Funds. Borrower and Lr.nder may agree in wdting,however,thut interest shall6e peid on thc Funds. I.ender _.
<br /> '� ,� " shall give lu Horrower,without charge,an unnuul accounting of the FLnds,showing credits and debits tu Ihe Funds and the _
<br />— ��`__��_-���: ' � purpose for which each debit�o the Funds was made. The Funds are pledged as additionul security for all sums secured by
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<br /> �l_:.,.�v_. •. this Security Inswment.
<br /> -- =��..�• If the F1mds held by l.ender exceed the amounts permitted to be held by applicuble law,Lender shall account to
<br /> ''a: x Borrower for 1he excess Nunds in accordance with thC�Cyuiremenis of applicable ls�s�. If the amM�n�of the Funds held by
<br />.,.�,� � t Lender at nny time is not sufficient to puy the Escrow Items when due.Lender may so notify Borrower in writing,and,in
<br />=-;��. ^ ' sucb case Botrower shall pay to Lender the amount necessory to make up the deficiency. Borrower shall make up the
<br /> 'A K� ��-r"• deticiency in no more thun twelve manlhly payments,at Lender'.s sole discretion.
<br />�l�� w'rt:" Upon payment in full of all sums secured by this Security Instrument,Lender shall promptly refund to Borrower any _
<br /> '�' " Funds held by Lender. If.under parngruph 21,Lender shail acquire or sell the Property,Lender,prior to the acquisition or
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<br /> - - � sale of the Property,shaU apply any Funds heid by l.cnder nt the time of acquisition or sale as a credit ugainst the sums
<br />:,s °-�.4 Recured by this Security Instrument.
<br /> '' �, 'w»i:�.�" ' � 3. Applicatlon oP Poyments. Unlexs upplicuble Idw provides otherwise, all payments received by Lender under
<br /> �'"� ; ���'• ` paragraphs 1 end 2 shall bc applied:first,to uny prepaymentcharges duc under the Note;second,to amounts payable under _
<br /> " .�.--��"� �:• ' patagrnpl�2;third,to interest due:founh,to principAl due;and lagt,tu any late charges due under the Nde.
<br />.�t`;,�t� 4. Charges; Uens. Borrower shull pay all taaes,ossessmen�s, churges, fines and impositions attributable to the
<br /> `��:. :�;.,;��'<:=+a.1." Propetty which muy atSAio prfority over this Securiry Instrument,nnd leasehold payments ar ground rents,if uny. Borrower
<br />-- '�°` t • • � " shall pay these obligations in the manner provided in paragmph 2,or if not paid in that munner,Barower shall pay them on
<br /> -��•""`— "'- �ime directl to the roon owed u ment. Barower tihnll promptly fumish to Lender all notices of amounts to be paid under
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<br /> _�..�.„�.,.. . this paragraph. If Borrower makes these payments directly,Borrower sholl promptly fumish to l.ender receipts evidencing
<br /> T� � Ihe payments.
<br /> '�'""���h ' ' � Borrower shall promptly discharge any lien which has priority over this Securiry Instrument unless Botrower:(n)agrees
<br /> � ��,"�� "' ° � in writing to�he payment of the obligotion securcd by the lien in u mnnner acceptable to Lender,(b)con�ests in good faith the
<br />- =��r'"�•. • � lien by,or deiends aga�nst enforcement of the lien in,legul proccedings which in the Lender's opinion opemte to prevent the
<br />�:.�;,�':�'• • . enforcement of the lien;or(c)secures from the holder of the lien nn agreement satisfaclory to Lender subordinuting the lien
<br /> -`•-��� ,•s~`r • to this Security lnstrument. If Lender determines thnt any purt of the Property is tiubject to a lieu which may uttain priority
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<br /> �:;x ���'' � � ^ over this Securfty Instrument.Lender may give Borrower a notice idcntifying the lien. Borrower shAll sutisfy the lien or take
<br /> ��'•' ' one or more of the actions set fonh nbove within 10 dnys of�he giving of notice.
<br /> ^y�` e � S. Hward or Property Insurance. Borrower shull kecp the improvements now existing or hereaftcr crected on the
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<br /> ';��' ° +- Property insured ugainst loss by fire,hazurJs inrluded within the term"extended covemge"and s�ny olher hazard5,including
<br /> � .. •• . tloods or ticwding, for which Lender requires insurance. This insurnncc shull be muintained in the++mounts and for the
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