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<br /> �,'- TOOETHBR WITH ul�the improvements now or hereaEter erected on the praperty,ond ull casementa.nppurtenances,
<br /> �'� rnd flxtures now or hercAi'tcr a part of�hc property. All replacements and udditions xhall also bo covered by tt�is Sxur{ry
<br /> ----_--- � Ie�In�mtnt. A!!of the forcgoing iR ref�trtd to in thiR Cw�urity lns�niment As the"PropeAy."
<br /> N 80l2ROWP[t CUVENANTS�hel R�+rmwer iA lawfully seined of the estwe hereby conveyed and has the right to grnnt `_
<br /> -- - und canvey the Property und Uwt the Praperty is unencumbered,except for encumbmnces of record. Borrower warrants and
<br /> — _ will defe�d generally the title to the Properiy against�il claims and demandx,subjecl tu any encumbrnnces af record.
<br /> - �--�::�� THIS SECURITY INSTRUMENT combinea unifarm covenanta for nutional uxe end non-unifomi wvenanl� with
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<br /> - -----_:.,� tlmited variadons by jurisdirtion to�wnstitute a uniform recurity Inhuument covering restl property. �
<br /> —� —"'� UNIFORM COVENANTS. Borrower and Lender covenant nnd agrec ns foUows:
<br /> —•=`� 1. Pnyment af Principal And Intereati Prepwyment and Late Chnrgea BoRawcr shull promptly puy when due�he
<br /> �:.-_ prindpul of and interest on the deat evidenced by thc Note and any prepayment and late c6arges due under the Note.
<br /> "'—�"'""�•� 2. �uads for 71�aces A�d Insurance. SubJect to npplicable law or to n wdtten waiver by l.ender,BotTOwer shall pay to
<br /> ----v,��,� Lender on 1he day monthly payments are due under the Note,until the Note is paid in full,a sum ("Fundti')for:la)yeurly
<br /> --=��-- taxes and asseasments which may attain pdority over thia Securiry Instrument as s►Uen on the Propeny;(b)yearly leasehold
<br /> ^ �—�'°'`— payments or graund rents on the Praperty. if uny; (c) yearly hAZard or property insurance premiums; ld) yearly flood
<br /> --��,.'� insurunce premiums. if any; (e) yearly mortgage insurancc prcmiums, if any; and (� nny sums puynblc by Borrower to
<br /> 'l���;�'°�� Lender,in accordance with the provisions of paragraph 8,in lieu of the payment of mortgage insurance premiums. These
<br /> Items are enlled"Escrow Items." L.ender may.at any time,collect und hold Funds in an amount not to ezceed the maximum
<br /> : --_-��:��,J_,� emount u lender for a federally r+elatcd mortgage loan may require for Borrower`s escrow accaunt under the federnl Reul _
<br /> Rstate Senlement Procedures Act of 1974 as amended from Iime to time.12 U.S.G.p 26U1 et ceq.("RESPA"),unless onother
<br /> — !`--� Iaw lhet appliea to the Funds�sets a leaser artwunt. IP co,Lender may,at nny timc.collect and hold Funda in a�amount not ro
<br /> - -- ---= '�"� excced the Icsser umaunt. l.ender may egtimate the amount of t�nds due on the basis of current data and reasonable
<br /> "�"'�'��•.•:� estimates of expenditums of future Bscrow[tems or otherwise in uccordance with applicable law.
<br /> °"�'"-""- Ths FLnds shall be held in an inatitudon whosc deposits are insured by a federnl agency, iastrumentality,or endty
<br /> ����y�.,:;�-�°"�' (including[.ender,if Lender is such an institution)or in any Federal Home Loan Bank. Lander shall apply the Funds lo pay
<br /> T,�;:; , . the Escrow Items. I.ender may not charge Borrower for halding and applying the Funds,annually analyzing the escrow
<br /> �;;��:'�y�,-.��,-r-.�k.. account,or verifying Ihe Escrow Items, unless Lender pays Borrower interest on the Funds and applicable law permits
<br /> '�-°�:�' �' -- Lender to make such a charge. However,Lender may require Borrower to pay u one-time charge for nn independent reul
<br /> ��''`•�`�'�"S-� ' estate tax reporting service used by Lender in connection with this loa�,unless epplicuble law provides otherwise. Unless an
<br /> ���'�'�•�: agreement is mude or applicablc law requires interest[o be paid,Lender shall na be required to pey Borrower uny interest or
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<br /> � ,,,. eamings on the Funds. Horrower nnd Lendcr muy agree in writing,however,tha�interest shull be paid on the Funds. Lender
<br /> _ ' " shall givc to Horrower,without charge,an annual uccounting of the Funds.showing credits and debits to the Funds nnd the
<br /> --��� "• ' �� purpose for which euch debit to the Rmds was made. The Funds are pledged es udditional security for ull sums ssecured by
<br /> �.:�,�_,i,�'; this Secutity Insuument.
<br /> - - ���}—�,�;:�`°- If the �unda hcl�1 by Lender excccd thc amounis perm{tted to be held by sppltcable law, Lender sha!! account to
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<br /> :�,,��� aorrower for the excess Funds in accordance with the n:quirements of applicnble luw. If the amount of the Funds held by �
<br /> �± " Lender at any time is nat sufficient to pay th�E,crow Items when due,Lender may so notify BoROwer in writing,and,in
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<br /> such cese Borrower shnil pay to Lender the umount necessary to make up the deficiency. Borrower shAll moke up Ihe �'�
<br /> F�{�� �' deficiency in no more than twelve monthly pAyments,at Lender's xale discretion.
<br />- �� Upon payment in fol l o f u l l sums secure d by t his Secu r i ty Ins lru m e n t, L e n d e r s h a l l p r o m p t l y r e f u n d t o B o r r o w e r a n y _
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<br />-�;;ir�� ,�;" i�i Funds held by L.ender. If,under paragraph 21,Lender shAll ucyuire or sell Ihe Praperty,Lender, prior to the acyuisilion or
<br /> � � sule of�ha Property, shall apply uny Funds held by LenJer at the�ime uf ucyuisilion or sale us a credit Against the sums __
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<br /> --� , „ secured by this Security Instrument. --��
<br />" �-�i� .`�Fa:. • 3. Application of Paymenis. Unle4s applics�ble luw provides otherwise, ull puyments received by Lender under E:-;;_
<br /> ;v.=.. .�'� � � � ' paragmphs I su�d 2 shall be upplied:Cnt,to uny prepayment churgez due under the Note;second,to amaunts payuble under
<br />:.-°i?:� .. . paragraph 2:third.to interest due:fourth,to principul due:and lust.lo uny late churges due under the Note.
<br /> 4. Charges; Liena. Borrower !chall pay all taxes, usscssments, charges. fine� und imposiliuns attributable to thc
<br /> -- ;,� ,„ � " Property which may attuin priority over this Security Instrument,nnd leaxehold puymcnts or ground rcnts,if uny. Borcower
<br /> ":�'� • �. �� , shall pey these obligutions in the mannc�r provided in puragniph 2,or if not paid in thut munner,Borrower shull puy them on
<br />=��7:.f ���t: time direcdy to the person owed paymcnt. Borrower shull pramptly furnish to Lender ull notices of umounts to be paid under -
<br /> :r:a, ,' this pamgraph. If Borrower mukes these puyments directly,Borrower xhull pmmptly i'urnish to Lender receipts evidencing "==
<br /> -_- �: '� the payments. _—
<br /> � �:" Borrower shull prompdy dischurge uny lien which hus priority uvcr this Security Instrument unlexs Borrower:(a)agrces =--.
<br /> �?'°��� `� in writing to the payment of the ubligulian�ecured by thc lien in u munner acceptuble to Lender;(b)contests in gc�od fuith�he " _
<br /> � " lien by,or defends against enforcement of thc lien in,legul proceedings which in the Lender�opinion opernte to prevent the cT`
<br /> •`��:�,;;' , �., ^ enforcement of the lien:or(c)xecurcx from the holder of thc lien an ugreemer�sptisf�ctory to Lender subordinatins�he Ifen �J-�
<br />„^�rti�j � , • to this Securiry Instrument. If Lender determines thut any part ot'the Propeny is xubject to u lien which muy�pnin prioriry
<br /> �L:'�'?�:'`��' • over this Security Instrument,Lender muy givc Borrower u naticr identifying the licn. Borrower shall satisfy thc licn or take
<br /> '.n�y�+ . ." one or more of thc uctions set fonh nt►ovc within 10 days of the giving of nutice. �„
<br /> . �•'• S. Howrd or Property Insurance. B�xrower shall kecp tlx improvements now cxisting or hereufter crccted on the �` '
<br /> ;.' ••� Property insured against loss by tire,harards includcd within:hc tcrtn"cxtcndcd rovrrogc"und�ny other h•rz•rrds,including �
<br /> tloods or tlooding,for which Lender requires insurunce. This insuruncc shnll hc mnintnined in �hc umounts und i'or�he �—�
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