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<br /> , TOQBTHBR WITH dl the improvementa noM or here�tter es+ected on the pro y� �1nd �!1 arrernent�,
<br /> ; �ppurten�rwe�,�nd tixtura noM or herodter�p�rt at the pmperty.All ropluxmente�nd tIqna�h�ll,�laa b�ooverod
<br /> '�` by thie Sasaurity Inttrument.All ot the tore�oinQ is roierrod ta in thi�3acurity It�trumant�thp"Pr�patty�'
<br /> BQRROWBR COV�NAN7'8 th�t Borrower ie I�wtully�eieed ot the estate heroby canvoyod�nc�hKp 34p�iyht w
<br /> �nnt md oonvey the E'roperty and th�t the Prc�perty ia unencumbee+ed, ercept for enaumbrsnaa ot r000nd.�Bi►rtowor
<br /> Narcants�nd wilt detend�enenily the title w tM Property�inrt dl cldnu�nd dem�nd�.�ubjaut to�ny�onaumbdnaa
<br /> �' of r000rd.
<br /> •�•h�:-� �: .•^ THIS SP,CURlTY INSTRUM�NT combina unitorm covenante ta� n�tiond u�e �nd ann-unifarm coven�nu+wi�•
<br /> .�.��°± limitod vari�tiau+by juriedicdon w con�ttwte� unit�rm�ecurlty instrumant wve�in��I pto�eety.
<br /> ��• • �•�> �•--=� UMPORM COVBNAN7'S.Horrower and Lender cove�unt�nd a�roe�s tolloNa:
<br /> �. `r.,�;,: � 1.P+�yment ot Priacip�l and laterest;Propyment�nd I.�ta Chu�a.Harro�or�h�ll pramptly p�y when due
<br /> .. . . ,.� �, tho principl ot�nd intorat on the dobt evidenced by the Note and�ny propyment�nd I�w ohsr�ea dikr unctar the Nate.
<br /> .� 2. Funds[or T�Ye�and la�ur�nce. Subject to�pplicable I�w or ta� �ritten w�ivot 6y Lender,B�u�wer ehall
<br /> ��=:,�:... �R .... �y to Lender on tha dey monthly pymrnts�ro due under tl�e Note.until the Note te p�id in[ulf,�eum('Punde")tor.
<br /> � s)ya�rly aiea�nd saBeeemante which may utainp�Iority aver thia Securlty InAtrumanc�a�lion on tbn P�rapert�;(b)
<br /> � �`�� • . ye�rly leasohold p�ymenLs or�round rcnta on tbe Prnperty,it any;(ci ye+rly haaerd or prapeny inaursnca pnom�ums;
<br />` � �y�. (d)y�►rly tlo4d inauranca promiums,if my;(e)ye�rly mort��e insunncx premiums.(f any;�nd(!)sny eum�t pmy�ble
<br /> ' ' by Horroaer W Lendcr,in accordence with the provisians ot p�n�aph 8.in liau ot tha piymant ot m4rt�s�e inmir+nce
<br /> r� /a�>ti• pnmiuma.7'hasa itama�rc c�lled"Eecrow Iterns.'I.mder may,�t any time.colleot and hold Punda in m�mAUnc not
<br /> r • to exceed the msximum amount a lendec for � fedanity related mortg��e loan msy requirc for &�rrow�er'a eecrow
<br /> - sccount under thc federal Ral Estate Scttlement Pro�cedurea Act of 197+as smondad from tima ta tima, 12 U.3.C.
<br /> i } . Section 2601�t sp. ("RBSPA")�unlesa mothet law that�pplies to the Punds seta�Iceser�mount.l[s�►,Lender m�y,
<br /> at�rty time,collect snd hold Funds in an smount not to e=oeed the laeae�-�mount.Le�de�msy estimato tba�mount ot
<br /> ` Punds duc on the besis ot c�ment d�u and re�eanabl�artimatca of espendiwres of tuturo Becnaar Itama on otherwise in
<br /> accordance with applicaWe loM.
<br /> � ! 7'he Punde stull be held in�n inatitution whose depo�ita aro insured by a fedanl a�ency,ineuumantnlity�or rntity
<br /> (including Lender,if Lender is such�institution)or in eny Ptder�l Home Loan Bank.Lender ahalt epply•tba Funds to
<br /> � i . pay tha 8scroa Itema.Lender may not charBe BomoMer tor holding and applying tha Punds. annueHy analyzing the
<br /> eacroa aceount,ar veril'ying the Escrow ltems.unless I.ender po�ys Borrower interest on tha Funds end applicable law
<br /> ; permits L.ender tu ma�e euch a cherge: Nowever, I.ender may require Barcow6r to pay s ona-tima char�e tor an
<br /> indspend�►t real estato tax reporting service used by Lender in connacti�n with this laan,unlesa sppliaeble laa pro��ides
<br /> otharwise.Unlesa an sgreement is made or epplicable law roquires intarcat to be paid.Gender shall nnt ba reywted to
<br /> pay BorroMer any inurcst or earnin�s on the Funds. Borrower and Lender m�y agree in writen�,hnn�sver,tlrat inurest
<br /> shell be paid on tlie Fun�1s.Lertdcr shall give to Borroaer,without ch�rge,an annual aucnuntin�ot tha Funds,showireg �.�
<br /> credits end debita to the Funda snd the purpase(o�which each deblt to the Punda waa mada.The Punds�ro pled�ed ss
<br /> _ ___ ___—____ _ s¢,�{;inowl Aecuritv tor all sume secured by this Security lnstrument.
<br /> . It the Functg hetd by Lmder exceed the�mounte permitted to be held by appliaebla leav, Irender shsll account to
<br /> ,� � Borrower tor the exce�Funds in accord�nce with the reyuinmenta ot appliaobla igw.1!tf�e amount of the Funds held � x;'.
<br /> '` by Ixnd�r 4t any time is not saPficiant to pay the Bscro�Iteme when duo,Lendar may so notify Horroaer in writing, � � �� •
<br /> ,,,. ...
<br /> and, i�such case Borrower shall pay to I.ender ehe amount necessery to meke up th�dafiaisnay.Borrower ehall m�ke �; ., `
<br /> . up tha detiaisncy in no more than taelve monthly psymenta,at I.ender s sole diecrction, ' ' .
<br /> ; Upon peyment i�tull ot all sums securcd by this Security Inetrumaat,Lendarshall�promptty refund to Borroaer ' ` •
<br /> ' any Funds held by l.ender. If. under paragreph 21. Ixnder shall acqui rc or asll•tha Property, l.ender, prior w the
<br /> ;, � �cquieition or sale ot the Property,shall apply an��Nunds held by L.ender ot tha time of�acquisition or sale as a credit 4:. ,
<br /> i ageinet the sums secured by this Security lnstrument.
<br /> •�.�' 3. Applicatioa ot Paymeots. Unless applicable lew pro�•ides otherwise,al) paymente received by Lender under ' '�
<br /> '�} paragraphs 1 and 2 shall be applied: tirst, to en�•prepayment charges due under the Note;second,to amounts payable �
<br /> und�r paregraph 2;third,to interest due;fourth.to principal Jue;and last.to any lata charges due under the I�ote. ,
<br /> � �. Ch�r�es; Lians. Bon�ower shall pay all uxes,esse.csments, chaeges,tinas ond impositions anributable to thg
<br /> � ;,� , � Property which may attein ptiarity over this Security Instrument.and leasehold payments or ground rents, if eny. �
<br /> �. � Horrower shall pay these obligations in the menner provided in paregraph 2,�r if not paid in thnt manner, Borrower , •
<br /> shall pay thern on time ditectl��to the person otieed payment.Borrower shell promptly furnish to I.ender all notices ot
<br /> amounts to be paid under this paregraph.If Ibrrower makes these payments directly. Borrower shall promptly furnish
<br /> to L.ender receipts evidencing the paym ents.
<br /> �,t Borrower shell promptly discharge any lien v►hirh h:�s priority c��er thiA Se�:urity Instrument unlrss&�rrower:(a)
<br /> '� agrees in writing to the payment of the obligetion secured by the lien in a manner acceptable to l.ender;(b)contests in .
<br /> ' ' gaod taith the lien by,or detends against enTorcement of the lien in,legel proceedings�vhich in the Lender's opinion
<br /> '� operate to prevent the enforcement of the lien• or(c)secures trom the holder of the lien an agreement satistactor��to
<br /> `, : � Let►der subordint►ting the lien to this Security lnstrument.lt Ixnder determines that any part of the Property is subject
<br /> • ' � � to a lien which may attein priority�over this Security Instrument,lxnder ma�•gi�•e Aorrower a notice identitying the
<br /> • ; •• lien. 8orrower ahall satisfy the lien ar take one ar more o[the actions set forth abave N�ithin 10 da�•s ot the giving at
<br /> ' notice.
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