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<br /> "�'��� TOGE'!'�iER WITH all the improvements now or hercafter erected on�he propetty.and all easements,eppurtenances, �
<br /> _'��� and flsturea now or hereaftcr a part of the praperty. All replacements and udditlone shail alaa bo covered by thia Sxudry
<br /> ��`�� Insdument. A.11 of the foregoing ia referted to in this Sccurity Instrument aa the"1'ropeAy."
<br /> - BORROW!'R COVBNANTS that Borrowcr ia lawfully sceiced of Ihc cstate hereby conveyed a�d has ths dght to�rant
<br /> T 3 and convey the PropeRy and that the Propeny is unencumbered,except for encumbrencex of recuni. Borwwer wurranu and �
<br /> `:.�' will tlefend generally the dtie to the Property aguinst xil claim�and demuads�cubJect to ony encumbrunces of record.
<br /> THIS SECURITY INSTRUMENT c�mbinea uniform c�venents for nacional uRe and non•unifom� covenam� with
<br /> �r limited variadona by jurisdiction to constiwte a uniform security inx�niment cove�ing teal propcRy.
<br /> �q�C�,,__ UNIFORM COVENAN'1'S. Burcowcr and 4cndcr cuvcnant t�nd ugr�;c t►s follows: �-
<br /> - 1, P�yment ot Principal ond Interest;Prepoyment And l.ate Chp�ex. Borsower�hall pramptly pay when due Ihe
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<br /> -ys,;;.u� principal of and intereat an the debt evidenced by�he Note and any pmpuyment uiM latc charger due under the Nwe. . _
<br /> - == 2. F'uads for 71�xea and Itusurance. SubJect la upplfcuble luw ar to a wrUten wufver by L.ender.8arrower ahull pay to
<br /> ---�!��- �,`' Lender on �he day monthly paymenta urc due under the Notc.until the Notc is pnid in fufl,u sum("FundR")for: (u)yearly
<br /> •=y==�=���� - . taxes and assessmenta which may attAin priority over this Secudty Inxtrument as a lien on the Property;lb)yearly leacehold
<br /> .....;�'°�� •�� payments or ground renls an the Praperty, if uny; (c) yearly hnzard or praperty inaurancc premiums; (d) yesuly flaad
<br /> - �` -- =�t:j`=^•.� � t insurancc premiums. if any; (c) ycarly mongage inxurance premiumh, {f any; and l� uny sums p�yable by Borrower to
<br /> __-�""°�,-�`•`. Lender,in accordance with the proviaions of pamgraph 8,in Iku of the puyment oi mongage insurance premiums. These
<br /> ����� ��"- ltems are called"Escrow Itema." Lcnder may,at any time,collect und hold Flinds in an amount not to exceed the maximum
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<br /> ,.,�,aY' » amount a lender for a federally related mortgage loam m�y require for Borrower's escrow account under the federnl Real
<br /> :"��`�`=�•�" Estate Settlement Pracedures Act of 19T4 ns amended from time to time,12 U.S.C.$2b01 er seq.("RFSPA"),unleas enother
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<br /> , law that appliea to the Funds set�a lesser amounl. lf so,Lender may,at any time,collect and hold Funds in un amount not to
<br /> . i,;�;;;��.��' exceed the lesser amount. Lender may estimate the amount of Funds due on the basis of curtent data nnd reasonable _
<br /> �:�..4,�..�..._-:_•_ esdmates of expenditures of fuwre Escrow items or otherwise ln aacordance with applicable law. � _
<br /> ''''�'�"�' The Funda shall be held in an institution whose deposits arc insured by n federal agency, instrumentality. or entity
<br /> ----���� ��v (includin Lender,if Lender is such an institutfon)or in any Federul Home Loan Bank. Lender shnll apply thc Funds to pay _
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<br /> the Escrow Items. Lender may not charge Borrower for holding and applying Ihe Funds,annually anelyzing the escrow
<br /> .''°�� �� �� accoun4 or verifying the Escrow Items, unless Lender pays Borrower inrerest an the Funds end applicable Iaw permits --
<br /> '�' � Lender to make such a char e. However, I.ender ma uire Borrower to a a one-time char e for pn inde ndent real
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<br /> r • estete tax reporting aervice used by Lender in connection with this loan,unless applicable law provides otherwise. Unless an
<br /> -=�'' �;-;:"' "h agreement is made or applicable Inw requires interest to bc paid,Lender shall not be required to pay Borrower any intarest or -"�
<br /> ,.�Y�.. eaminga on the Funds. Borrawer and L.ender mny agree in writing,however,ths�t intetest shull be paid on the Funds. Lendar �"""
<br />- ... `` shall give to Bomawer.without charge,an annuul accaunting of the Fl�nds,showing credits and debits to the Funds and the —
<br /> �-��•���j, ; �"' purpose for which each debit to thc Funds was made. Thc Funds are pledged as addilional securiry for all sums secured by - -
<br /> '`�'� �^�* .�� ' this Security Insdument.
<br /> , :�;,�� �;'. If the FLnds held by Lendcr exceed ihe amounts permitted to be held by applicable law, Lender shall account to
<br /> , ,,. 9ocmuer for tt�e sxtess Fttssds in accardsnce with the rcqnimmemx of applicable law. !f the amount of the Funds held by
<br /> , � • � Lender at any time is not sufCicient to pay the Escrow Items when due,Lender may so notify Bormwer in writing,and,in __-
<br /> � � ���n such case Borrower shall puy to Lender the amount necessary to make up the deficiency. Borrower shall make up the
<br />:.�.. ,,�. � • deficiency in no more than twelve monthly pnyments.o�Lender's solc discretion. --
<br /> ;,°%: • Upon puyment in full of all sums,ecured by this Securiry Instrument,Lender shall promptly refund to Borrower any _
<br /> ' ,_ Funds held by Lender. If,under paragraph 21,Lender tihall Acquire or sell Ihe Property,Lender,prior to the ucquisition or _,_
<br /> �� � sale of the Property,shall u�,ply uny Funds held by Lender at the time of acyuisition or sale as a credit against the sums -
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<br /> :�,;� � �.�.a'' secured by this Security Instrument. -
<br />- � . �• " 3. Application ot Puyments. Unless npplicnble law provides otherwise, all puyments received by Lender under
<br /> '•.r.'. " paragraphs I and 2 shnll be upplied: �r�t,to any prepayment churgcs due under the Note;second,to amoums payable under ���
<br /> ' �"' """'°'� paragraph 2;third,ta intere4t due:fourth,to principul due;und lact,to any late charges due under the Note. �
<br /> t�� -s • 4. Clwrges: Liens. Borrower shull pay all tuxes,nssessments,charges, �nes und impositions altributable to the _.
<br />-' " • ' Propetty which may nttuin priority over this Securiry lnstrumcnt,su�d Ienxehold payments or ground rents, if any. Bonower
<br /> shall pay these obligntions in the manner providcd in purngraph 2,or if not paid in that manner, Borrower shnll pay�hem on -
<br /> ' �"�``�'� time directly to the person owed payment. Borrowcr xhull promptly fumish�o Lender nll noticcs of amounts to be paid under ;-. _.
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<br /> '. ,.� . ° ' . this paragraph. If Borrower mekes thexe payments directly, Borrower xhall promptly furnish to Lender receipts evidencing �-
<br />•- y�, the payments. ��__
<br />__ � Borrower shull prampdy dischurge uny lien which has prioriry over this Se;curity Instrument unless Borrower:(a)agrees r;t
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<br /> . in writing ro the payment of the obligulion securcd by Ihe lien in+►munner acceptable to Lender;(b)contests in gc�od faith the ,
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<br /> � ° a � lien by,or defends against enforcement of the lien in,Iegal praceedings which in�he Lender's opinion operute to prevent the �
<br /> �� enforcement of the lien:or(c)secures from the holder of the lien an ugreement sutisfactory to Lender subordinating the lien -- -
<br /> . - u � to this Security Instrument. If Lender detertnines thut uny part of the Propeny is subject to a lien which mny attain prioriry �;s
<br /> ° ��• �� ��' over this Security Inswmen4 Lender may give Borcower n notire identifying the lien. Bortowcr shull sutisfy the lien or take --_-
<br /> one or mare of the s�ctions set forth abovc within 10 days uf the giving of notice. --
<br /> � • S. Harard or Property Insurance. Borrower shull keep the improvements now existing or hereaf'ter erected on the �':.i�
<br /> , PropeAy insumd ugainst loss by fire,huznrds included wi�hin the term"extended coverage"and ony other hnznrcis,including
<br /> floods or flooding, for which Lender requires insurunce. This insurunce shall be mUintoined in the nmounts and for the
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