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<br /> � TOGEINER WITH�li the improvement9 now or hereufter eie�ted on thc property.mc1�11 e�cements.appurtenoncca.
<br /> and tixtures now or hereaf'ter a pnrt uf the property. All rcplacements and addi�ion�siwll olso ba cuvaee!by�hia Security
<br /> -- lprtiva�enG All of the fare�oia�is refcrrcd w in thls Sccurity[agwment uY thc"Pn►perty"
<br /> `° B4RRO�tIER COVEPlANTS tltnt 9orrcwver i�Iawinlly w�i�l�f the eaate heoeby copveyed aml Iws the�i�thf W�tont
<br /> __�� ond convey tbe Property end thac the Property is unencnmbered,except for encumbrances of record. Borrower worryqw ond
<br /> - will defend generolly the titic co the Property against�ll clulms and clemwids.subject to any cncumbrances of rccord.
<br /> - TNIS SECURITY INSTRUMENT combines unifam covcnant� For national use unJ non-uniform covensyus wlth
<br /> •,,���� limited vsuiations by jurisdiction to constinir,c u uniform�ruriry inswmcnt coverin�rea!propeny. L
<br /> UNIFORM CUVENANI'S. Borrowcr and 4cndcr covcnant and agrce as follows:
<br /> 1. Pnywest ot Priacipal w�d Intereet;Prepayment w�d Late Char�ew Borrowcr shall promPtly pay whcn due the
<br /> principa�of an�interest on the debt evidenced by the Nae and uny prepayment and late churges due under the Note.
<br /> _ - '�r''� 2. F�uuds�or 7hxes aod Iasurance. Subject to npplicable law or to a written waiver by Lcndcr.Barower shall pay to
<br /> - - ' Lender on ihe day mnnthly payments+ue due under the Note,undl the Note is pa�d in full,u sum("�undx')for:(A)ycarly
<br /> --_-=== taxes and assessments which may rutain priority over this Security lnswment us a lien on the Propeny:(b) yeurly lea.gehold
<br /> _-- ` payments oc ground reots on the Property. if any; (c) yearly hazard or propeny insurance premiums: (d) yearly flood
<br /> '" {• in.gurance premiums, if any; (e) yesirly mortgage insurence premiums, if nny; und (� any sums payabic by Burrower w - -
<br /> -._��"�'d Lender.in accordance with the provisions of paragroph 8,in lieu of the payment of mo�tgagc inaurance premiums. These
<br /> -�::�;;�'���' items are called"Escrow Items.' �_ender may,nt ony time,c�llect und hold Funds in an wiwunt nat to excced the maximum
<br /> _ �,...�,�.;�.�;.,� amount a lender for a federally relate�mortgage loan may require for Borrower's escrow account under the federal Real
<br /> Estate Senlement Procedures Act of 1974 as amended from time to time,l2 U.S.(;.§26U1 et sey.("RESPA"),unlesx nnuther
<br /> - - - '�-_-_- =�.<�,.� law that applies to the Funds xets u lesser amount. !f so,Lender may,a[any time,collect and hold Funds in an nmount not ta —_
<br /> ����. • exceed the lesser amount. Lender may estimate the amount of Funds due on the basis of current data and reusonable
<br /> __� -- :_.;�,:�_.�:_.�;, estunetes of expendiwres of future F.scrow Items or otherwise in accordance with applicable I�w. __
<br /> 6�""�;`',.. `�, The Funds shall be heid in an institution whose deposits are insured by u fcderal ugency, instrumentality, or entity
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<br /> a��,- (including Lender,if 4ender is such an institudon)or in any Federal Home Loan Bank. Lender sh�ll apply the Funds to puy
<br />- �-'• the Escrow Items. Lender may not charge Borrower fnr holding and upplying the Funds, annu�lly suialyzing the escrow
<br /> �.'���s;',tr'.�.,-• account,or verifying the Escrow Items, uniess Lender pays Bortowcr incerest on the Funds end applicable law pertriits
<br /> °-=,,w�� ""�;�•' �' Lender to make such a charge. However,Lcnder may reyuire Borrower to pay a one-time charge for an independent real
<br /> _ --��`;�- estate tax reporting service used by Lender in connection with this loan,unless applicuble law provides otherwise. Unless an
<br /> _ '+� " ` a reement is made on c�able law uires interest to be sid,Lender shntl not be r uired to a Bortower an incerest or
<br /> •►+ - S aPP� �I P e9 P Y Y
<br /> ��_:_,�,�.�,. earnings on the Fu�ds. Borrower and Lender may agree in wripng,however,that interest shnll be puid on the Fundx. Lender
<br /> - � shall give to Borrower,without charge,an annual accounting of the Funds,showing credits and debits to the Funds und the
<br /> --�� ., • • purpose for which each debit to the Funds was made. The Funds are pledged as additional security for ull xums secured by
<br /> --,::�: .� this Securiry Inswment.
<br /> ��-��;,., . � If the Funds held by Lender exceed the amounts permitted to be hcld by upplicable law, Lender shall account to
<br /> � ii.�ily ..
<br /> *,� .y� _ -°- B.nn,wc� fi,r ii�excess runds in accordat�ce uith the rcquirements of apFGesble lsw. if the amount of t4t�Fends IK'Id by
<br /> t .�••,•• Lender ut any time is not sufficient to pay the Escrow ltems when due,Lender may so notify Borrower in writing,und,in
<br /> - �'': ` such case Borrower shall pay to Lender the arr�ount necessary to make up the dcficiency. Boirower sh�ll make up the _
<br />-- � � deficiency in no more than twelve monthly pnymenGK,ut LenJer's sole discretion.
<br />��'•ryr,��' • �• Upon payment in full of all sums secured by this S��curity lnswment.Lender shall promptly refund to Borrower any _
<br /> •��t . ` Funds held by Lender. If,under parugruph 21.Lcnder sh•rll aryuire or sell the Property,LenJer,prior to the acquisition or �W
<br /> • sale of the Roperty, shall apply any Funds held by Lender at the time of acquisition or sule us r credit against the sums �� `��
<br />�=�-., .����,,,;, . secured by this Security Instrument.
<br /> , , �� 3. Applkatbo of Payments. Unless upplicuble law provides otherwise, ull payments received by Lender under �-__
<br /> ,,,_ paragriiphs I e�ld 2 shull be upplied:fl�s[,to any prcpayment churges due under the Note;second,to amoun�s pnyable under
<br /> �°:;y. ! p:uagrnph 2;third,to intcrest due:fuurth,to principul duc:and I•rst,to uny late charges due under the Note.
<br /> „.:• •��,.;nr:..,' 4. Char�es; Liens. Borrowcr shall p•ry •rll t:uee�, s�s,essments, rh;uges, fines :uid impositions uttribuwble to thc
<br /> - �� ' Property which may uttain priority uvrr this Security Instrumen4 and Ieasehold p�yments ar ground rents, if any. Barrower
<br /> -;;;,. '�,;��_:. shall pay these obligations in the m:mner provided in paragcaph 2,or if not paid in that manner,Borrower tihall pay them an
<br /> __, ;��;,:�,,�,, time directly to the person owed payment. Burrower shall p�omptly furnish to Lcnder all notices of umounts to tx:paid under _
<br /> w,,,,.� ;�,,,.. _ ... . this paragrstph. If Borrower makes these paymrnts directly,Bortower shull promptly furnish to Lender receipts evidencing =
<br /> ,_���'k.� ,�wr��:..<,., tt►e payments. ----
<br /> :�-.•A^,+ Bortvwer shal!promptly disch;ugc uny licn which has priority over this Security Instrument unless Borrower:(a1 ugrees _
<br />_ --- ' � in writing to the payment uf the obligation secured by thc lien in u m:uimr ucceptabl�to Lender;(b)contests in gaod faith the �
<br /> '�`�"� �� lien by,or defends ugainst enfonement uf the lirn in,Iegal proceedings which in the Lender�opiniun operate to prevent the ���.-
<br /> , ' M ' enforcement uf the lien;or(c1 securcs frum the holder of the lien un agreement satisfuctory to Lerxler subordinating the lien � ""`
<br />.��;_,�� ��' ,.� to this Securiry Instrument. If Lcnder determincs that uny purt of the Propeny is rubject to a lien which may uttain priority
<br />��.:`'�- '• 'b • " over this Security lnstrument.Lender muy give BoROwer a notice identifying the lien. Borrower shall sutisfy the lien or take _
<br /> • � one or more of the uctions srt forth abovc within IU Jay�ot thc giving of nutKC.
<br /> " ' S. Hazard or Property Insurance. Bortowcr shall kcep the improvcmems nuw cxisting or herc•rfter erected on the �'
<br /> " 'V " . .. Property insured against loss by fire,hazarJs incluJed wiU�in the trrm"extendeJ covcrage"and uny other hazards,including ;
<br /> •� floa�ds or 8ouding. for which Lender reyuires in�urance. This insursuicc shall bc muintuined in the�mounts and for the �-'
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