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<br /> �,� TOOETHER WiTH all Ihc improvements now or hereafter erected on U�e property,and nll ea�semen�s,appurtenances,
<br /> -- .. __,...�= t�nd fixtun�now or herGtfter a put of the propemr. All replacements and ndditfons ehall alw bo covaed by titia 3ecurity
<br /> �� Luuument. All of the foregoing ie refemed to in th�e Securicy Tnsaumem aa U►�"Pro�erty' --
<br /> ;�.�� BOItROWER COVENANTS that Borrower ia luwfully rcised of the estatc hereby wnveyed and has�he right to grant
<br /> and convey ihe Propecty and that Iho Property is unencumbered,except for encumbrances of reco;d. 8orrower warrants wnd
<br /> .,�� � wili dePend generally the titic to the Property og�inat�II claims and demends,rubjxt to any encumbrances of record.
<br /> _ - ----- -- - -�..-� THIS SECURITY INSTRUMENT combines uniform covenants for nationul use and non-uniirnm covennnts with
<br /> ;-= — Iimited vaiiationa by judediction to constitule a uniform secudty instrument covering real property. c
<br /> '' UNIFORM COVENANTS. Borrower aad Lender covenant and agree as follows:
<br /> - ---=:a 1. Payment ot Princ(pwl and Interest;Prepa}�ment and Ls�te Charges. Borrower shall promptly pay when due the
<br /> y� principal of and intenast on the debt evidenced by the Note and any prepayment and late charges due under the Note.
<br /> _____�� 2. Fuads for lhxes and Iasurance. SubJect to applicable law or to a w�ilten waiver by Lender.Borrower shall pay to
<br /> �,_�.A,.� Lender on the clay monthly payments are due under the Nae. until the Nae ts patd in full.a�um("Flmda") foe(a)yearly
<br /> taxes a�d assessments which may anain priodty ov�r this Security Instrument as e lien on thc Property:(b)yearly leasehold
<br /> �--�°° payments or ground rents on Ihe Property, if any; (c) yearly hazerd or property inxurance premiums: (d) yearly flood
<br /> `�'`-'��'r;� insurance remiums, if an ; (e) yearl mort a e insurance remiums, if an end(t} any sums a able b Borrower to
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<br /> ..�. .�-y Lender.in accordance with the pmvisions of paragraph 8.ln lieu of the payment of mortgage insurance premiums. These
<br /> ��-� items are called"Escrow Items.' Lender muy.at eny time.collect and hold Funds in an amount not to exceed the maximum _
<br />_- -_--- —�_�,:_��:::�� amount a lender for a federally related mongage loan may mquire for Borrowers escrow account under the federal Real
<br /> Estate Settlement P�ocedures Act of 1974 as amended from dme to timc, 12 U.S.C. §2b01 et seq.("RESPA").unless anether
<br /> _ _— _- "°��--• !ew that applies tn the I�nds sets n lesr+er emount. lf sa,Lender may,nt any time,collect and hold Funds in an amount not to
<br /> -_.;:'�j��!' '�'�'�`'�,�` exceed the lesser amount. Lender may estimate the amount of Funda due on thc basis of current dat�and reasoneble
<br /> �..1,�. .,� esdmates of expenditures of future Escrow ltems or othervvise in accordance with applicable luw.
<br /> "�:•°��• +.; •' The Funds ahall be held in an institution whose deposits are insured by u federal agency,instrumentality, or entity
<br /> ' �� 'r.;�� 'r (including l.ender,if Lender is such an institution)or in any Federal Home Loan Bank. Lender shall apply the Funds to pay _
<br /> ":'�i�'' ' '' the Bscrow Items. Lender msy not charge Borrowcr for Fiolding and applying thc Funds,ennually analyzing the escrow
<br /> -���g,; : eccount,or venfying the Escrow Items, unless Lender pays Borrower interest on the Funds and appliceble law permits _
<br /> . Lender to make such a charge. However,Lender may require Borrower to pay a one-time charge for an independ�nt reul
<br /> y �'�"�`�;�' � estate tax reporting service used by Lender in connection wlth this loan,unless applicable law provides othenvise. Unless an
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<br /> -__ ..t,�,r �. agreement is made or applicable law requires interest to be paid,Lender shall not 6e required te pay BoROwer any nterest or
<br /> ..���:,.� earnings on the Funds. Borrower and Lender may agrec in writing,hawever,that interest shall be peid on the Funds. Lender
<br /> � =�.. , shall give to Borrower,without charge,an annual accounting of the Funds,showing credits end debits to the Funds and the __
<br /> :��;� purpose for which each debit to the Funds was made. The FLnds are pledged aa additional security for all sums secured by
<br />.. , .,.�-.�: ----- Uos sc�:u�lty Iu�umuenc. _
<br /> . ".> If ihe Funds held by Lender exceed the amounts permitted to be held by applicablc law, Lender shall account to
<br /> �, Bonower for the excess Funds in accordnnce with the requirements of stpplicable law. If the amount of the Funds held by
<br /> "' •° Lender at any timc is not sufficient to pay the Escrow Items when due, Lender may xo notify BcNrowcr in writing,und, in
<br /> � `�`" � such case Borrower shall pay to Lender the amount necessary to make up Ihe deFiciency. Borrower shall make up the
<br /> •� ' "� ° deficiency in no more than twelve monthly puyments,ut Lender's sole discretion.
<br /> " ������^��:''� Upor. payment in full of all sums secured by this Security Instrument,Lender shall promptly refund to Borrower any
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<br /> ���# Funds held by Lender. [f.under paragraph 21,Lender shall ncquire or sell the Property,Lender,prior to�he acquisition or
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<br /> sele of the Properry, ahall apply uny Funds held by Lender ut the time oi acquisition or sAle as u credit aga nst t a sum4
<br /> ' � ��' `� ��� ���'' secured by this Securiry Inswment. �
<br /> � ' � .�`•�^� A°�'' 3. Application oP Payments. Unless applicuble Inw provides otherwise, all payments received by L.ender under
<br /> �-� '� paragraphs 1 and 2 shall be upplied:first,to any prepayment charges due under the Note;second,to amounts payable under � '
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<br /> ,�.�� - -„ parugruph 2;thirJ,w iiiterest due:fuu►1h,to principal due;aixl lart,to uny latc:charges due under the Nute. �
<br /> ,,,�„ .s�, N 4. Charges; I.tens. Borrower shall pay ull taxes,ossexsments. charges, �nes and impositions attributab le to t hc ___
<br /> g;. .. Property which mny atwin priority uver this Security In�trument,und leasehold payments or ground rents.if any. Bormwer �t�-�
<br /> :;y;,.,. ' shall pay thesc obligatians in the manner provided in purngmph 2,or if not paid in that manaer.Botrower shuU pay them on �
<br /> ;�'��' ` ' time directly to the person owed paymem. Borrower shall promptly fumish to Lender oll notices of amounts to be puid under
<br /> n. .. this paragruph. If Borrower makes these payments direcdy,Borrower shall prompUy fumish to Lender receipts evidencing
<br /> ..��<,�. , . �he payments. �=
<br /> -�L. • Bortower shAll promptly discharge any lien which has priority over this S��curity Instrument unless Borrower:(a)Agrees
<br /> '�:�' ' in writing to the payment of the obligation secured by�he lien in m m�nner acce;+�nble to Lender;(b1 contests in goad faith the �-
<br /> .'� � lien by,or defends against enforcement of the lien in,legul proceedings which in the Lender's opinion operate to prevent the "'�'
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<br /> � enforcement of the lien;or(c)secures from the holder uf the lien un agreement satisfnctory to Lender subordinating the lien .
<br /> � ,�'•� �''� ""; to this Securlty Inswment. If Lender detennines tha�uny part of the Property is subject to a lien which muy attain priority __
<br /> , over this Securfty Instrument,Lender may give Borrower A notice identifying the lien. Borrower shull sutisfy the lien or taka , ;;.
<br /> �, • ° � one or more of the actiong set fonh above within ID duys of the giving of noticr.
<br /> � � .: 5. Hazard or Property Insurance. Borrower shull keep the improvements now existing or herea8er erccted on the �
<br /> " Property insured ngainst loss by fire,huzards included within the term"ex�endeJ coveruge" and any oiher hnzurds,including
<br /> �: � floods or flooding,for which Lender requires insurnnce. This insumnce sholl be maimuined in the nmounts and for the `y,��:
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