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<br /> TO(lE7'HER WITH all the impravements now ar hereafter erected on the property,und all casements, uppurtenantes,
<br /> ::�ais�i�s�.�^�.� nnd fixWrca n�w or herenfter n part of�he property. Ali replacement� and additfons shail also be covered by thia Security
<br /> ��� Instrument. All of the foregoing is referred to in this Secudty Inswment as the"Property."
<br /> --- BORROWER COVENANTS thnt 8orcower is lalvfully seised of the estste hercby conveyed and hwg the right te gram � -_
<br /> �:�f and convey�he Property and thAt tl�e Property is unencumbered,except for encumbrancea of record. Borrower wiurants and
<br /> �-�..�ifi� will defend generally the title to 1he Property agufnst all claima ond demunda,subJect ta any encumbrunces of record.
<br /> THIS SECURITY 1NSTRUMBNT combines uniform covennnts far national uxe and nan•uniform covenontr with -
<br /> 'F,��=•-�• limited variationa by JuriRdiction to constitute a unifonn xecurlty instrument coverinR real prope�ty. � ___
<br /> UNIFORM COVENANTS. Baaawer and Lender covenunt and ugrec us folluwR:
<br /> �,;,;;�„�;:� 1. Payment o�PrincipAl And Interest;Prepayment�nd Ls�te Chwrgea. Barrower shall prompcly pay when due the
<br /> -�-=.�:u��•�, principal of and interest on the debt evidenced by the Note and any prepuyment and late charges due under 1he Note.
<br /> _,�_�.;,.. 2. Ftinda for 7hxes and Inaurance. SubJect ro applicaWe law or to s w�itten wnivcr by Lendcr,Borrower shull pay ta
<br /> --- '"�` • Lender on the duy monthly payments arc due under the Notc,undl the Note is paid in full.u sum("Funds")for:(a)yearly
<br /> ���R• I taxes and assessments which may attain pria�ity over�his Security Instrument os A lien on the PropeRy;(b)yearly leasehold �
<br /> _� ��.:`:: � � payments or ground rentc on ihe Propeny, if any; (c) yearly hnzurd or property insurunce premiumx; (d)yearly ilood - --
<br /> ��: • insurance premiums, if any; (e) yearly mortgage insurance premiums, if any; and(� any sums payable by Borrower to
<br /> - -•'~�•'-L'; � Lender,in acc�rdance with the rovisions of arn ra h 8, in lieu of the a ment of morl a e insuruncc remiums. These
<br /> =i. j'.�„�y P P � P p Y & B P
<br /> _ _ - -�,:t��,_ items are c411ed"8scrow Items." Lender mny,at any time,collect und hold Funds in an amount not to exceed the muximum
<br /> -.— —•` amount n lender for u federally related moRgage loan may requfre for Borrower�s escrow account under the federal Real
<br /> '—'r;r��'�'���,�,,,, � Bstato Settlement Procedures Act of 1974 as amended from limc to timc.12 U.S.C. §2601 et seq.("RESPA"),unless another
<br /> �����:.��"" ' law that applies to the Funds sets a lesser amount. If so,l.ender may,ut uny time,callect end hold Funds in an amount not to __
<br /> �"�T�" exceed the lesser tunount. Lender may estimate the s�mount of Flmds due on the basis af curcent data and r+easona6le
<br /> '`�.��� :.`���'°""� `� estimetes of expenditures of f'uwre Escrow Items or atherwise in accordance with npplicable law. `
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<br /> _ '��, : The Funds shall be held in an institution whose deposits are insured by u federul agency, instrumcntaliry.or entity
<br /> �•�::;, '�f+,��� ��'� (including L.ender,if Lender is such an institulion)or in any Federal Home Loan Bank. Lcnder shall apply the Funds to pay
<br /> ' . .1,..•,-•; the Escrow ltcros. I.ender may not charge Borrower for holding und applyfng the Funds, Annualiy analyzing the escrow
<br /> ' a- • ;t'e;� -� � account, or verifying Ihe Escrow Items, unless l.ender pays Borrower interest on Ihe Funds und applicable law permits —
<br /> �� • �-T � Lender to make such u cherge. Huwever,Lender may require Borrower to pay u one-time charge for un independent real
<br /> `� `' �� �� estate tax reporting service used by Lender in connection with�hia loan,unless applicable law provides otherwise. Unless an
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<br /> agreement is made or applicable law requirex interest to 6e pnid,Lender shull not be required ta pay Borrower any interest or
<br />��;_�� �� � ° cemings on�he Funds. Bortower And Lender may agrec in wri�ing,however,that interest xhall be paid on�he Funda. Lender
<br /> -•• •� • 'n " shnll give to Borrower,wilhout charge,an annual uccouming of thc Funds.showing credits und debits to�he Funds und the
<br /> �� '= , purpose for which euch debit to the Funds wus made. 7'he Funds ure pledged as additionul security for nll sums secured by
<br /> . '��: �' .., , Ihis Security Instrument.
<br /> - �:�'�=y.�� -_ If the Funds held bv Lender exceed the umounts permitted to be held by applicablc law. Lender shnll uccount to �`°�
<br /> � '" '• ' Borrower for the excess Funds{n uccordunce wi�h the reyuirements of upplicuble law. If the amount of the FLnds held by
<br />- ' '^� � � • Lender at any time is not sufflcient to puy the Escrow Items when due,Lender may sa notify Borrower in writing,and,in
<br /> .' �'� '4�fi " such case BoROwer shall pay to Lender the amount nccesxury M muke up the deficiency. Borrower shull make up the
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<br /> '�"' de�ciency in no more Ihan twelve monlhly puyments,�1 Lendcrk sole diticretian.
<br /> '� '" "� Upcm puyment in full of ull sums zewrcd by �hiti Securiiy Instrumcnt,Lender.r•hall promptly refund to Borrower any
<br /> , . Funds held by L.endcr. If,undcr purn�ruph?I,LenJcr shull ucquirc or scll the Propeny,Lender,prior ta thc u�quisition or �-��
<br /> • ` sale of thc Propeny, xhall upply any Fundx held by Lendcr ut Ihc time of ucyuisition or sule us a credit ugainst the sums -
<br /> • � secured by this Security Instrument.
<br /> ��' • ' - N 3. AppUcation of 1'ayments. Unlcs� upplir�hlc luw prrnidcs othcrwisc, all puyments rcccivcd by Lcndcr undcr �—-
<br /> � � pnragraphx I and 2+holl be upplicJ:firx�,w uny prepayment churges due under ihe Note;second,lo amounts payuble under —
<br /> .�Y;� ,o purugruph 2;third,to interesl due;fourth,ta principul due:und lust,to uny Iate chnrgey due under the Note.
<br /> -� � 4. Chorges; Liens. Borci>wcr shall pay ull �axc,, assr,smen�r,churges, tine+ and impn.itiuns uttributuble to the -`
<br /> •�M;. : . Property whkh muy�ltuin priority ovcr Ihiz Securiry Ins�rumcnt,ond leu�chold puymcnts or gnwnd renls,if uny. BoROwcr @
<br /> ' shall puy thesc ubligu�ions in thc munncr providcd in purugruph ?,or if iwt puid in that munncr,Borrowrr rhall puy them on
<br /> ' • lime dircctly lo the penan uwed puymcnt. Burrowrr shall pmmpily fumish to Lcnder ull notices i�f umounts to be paid under -
<br /> �his pnrugruph. If Borrower mukex thexe paymen�s dincdy,Bnrrower�chull prompNy tUmish��i Lender receipts evidencing
<br /> - the payments. ,-
<br /> .. "�"�' Borrower shnll promptly dischurge uny lien which ha�priurity over�his Serurity Inslrument unlesx Borrower:(a)ugrees
<br /> . �� " in writing ro ihe payment uf the obliguti�xi�ecur�d hy thc lien in u munner ucceptnble�o Lender,(b1 con�ests in good fuith the �-
<br /> u lien by,or defends ugainsl entorcement of the lien in,kgul pnx�edingx which in the Lender+opinion openne to prevent the `;-
<br /> enforcemcnt of thc lien;or(c)secures 1'rom thc holdcr of ihr licn an ugrrcmcnt tiutisfurtoq��a Lendcr subordinuting the lien
<br /> to this Securi�y Instrument. If Lender detemiinex thul uny pun oP Ihe Property is subject�n�lien which may at�nin priority �o �•''
<br /> . over this Security Instrument,I.cndcr muy give Burrowcr a nuticc identii'ying thc lien. Borrowcr zhull sutisfy thc lien ar�akc �_ �
<br /> one or morc of thc uctionx sct fonh utwvc within Ill J•ryr of thc�!iving af'nwirc. ��R'�
<br /> `� � 5. Hazard or Property Insurance. Born►wcr.hull kcep Ihe improvemem,now exi,ting or herevf'ter crected on the ��
<br /> Property insured aguinsl loss hy�rc,hur.urd.inrluJed wiihin thr terni"cxtrnded ccweruge"and any othcr hur.urds,including I
<br /> . floads or flooding, for which Lender reyuireti insurunrc. This insur�►nce shull lk muimuined in the umnurns and for the
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