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<br /> 7�0[387HIIR WITH all the imqavtmenu now a hereatter eroctod oa Ihc pcnperty��nd�11 euen�euq. +�PPu�•
<br /> ud fiapua now a harafter e p�ut of Ihe peope�ty. All rcplaoenKnts�nd�ddidoa�slwll dw be oovend 6y Ibis 8aowity
<br /> lnsuuraatt Al!of Uro fae�dng b�efarrod a in tN�3ecurity Imtnunent a the"Property."
<br /> BORROWBR COVENAN7:S�hAt llarowcx is lawfully seisad of Ihe ewpte hereby conveyod�nd Iw tha d�t to�,ntat
<br /> and convcy thcprope�ty aad Uwt Ihe Prupnty ir wKncumbered.caccpt for c�cumbnncor of rocad. Bonower waaaata aad�
<br /> w1U defend�enetaliy Uie dtle to the Praperty a�inu all cl�im�and dcmmds�wbject to any encumbranoex of'roco�+d.
<br /> THIS SB+CURITY IIdSTRUMENI' combinee unifam covenanw for natlon�l use and na��uNkxm coveat�at� w�th
<br /> Iimi�d variadons by judsdicNen w constltute A unifom�acurity ituwment coverin�n�l pmperty.
<br /> '�� UNIPORM COVENANTS. Rorrowu and i.end�v covenaat and agreo ag folbw�:
<br /> '''' 1. PaYn�mt of Priedpd aud WterMi Prep�ymeot wad We Ch�r�as. Bomnwer sfwll Ixom�t�Y Pny when duo tlw
<br /> priaci of aad intaCSt an�he debt evldenced by the Nou end anY prcpaYment end late chorger due under�he Nota.
<br /> � I��for 7U�es aod lawrance. SubJect to applicAble law or to a wrinen waiv¢r by Lender.Barowa sf�all pay to
<br /> , Lender on�he day monthlY p�Yments�ne dua under thc IVote,until thc Note is paid i�full.A sum("�")fo�: (n)ye�rip
<br /> taues and�ssessmenw which rnAy attain prlaity over this Securlty Instrument as a lien on the Property;tb)yearly Io�efiaW .
<br /> ..� payments ar gmund rcnts on thc Property. ii Any: (c) Year1Y hazard ar pcoperty iacwnnce pt�cm�um�:(dl Yearip flaod
<br /> ,�• s-� � insu�ce pcemiums. if any:(e)Yearly mat�age insurance premiwns, if any:and(�aay sums pt�yable by B�rtawer W
<br /> `` '�� .'b. .��s��` i.ender.in accotdance with the provlsions of p�ragraph 8.in liw of the payment of moitg�ge insw�nnce premfums. 7'�asci
<br /> ` ,�';,`�-�?'` � items oro calkd"Esc�+uw Items." Lender muy.at any t�me,collect and hold Funds in an na�ount not to exoad iho maximum.
<br /> � amount a lender for a federnlly rcloted mortgage loan muy re�uire for Bamwer`a escrow account uada tho f�deral Res�l�
<br /> � . �` �' ;'�:�'.:-*��r• ' Eslate Setdement Proce�lures Act of 1974 as amcnded Prom dme to tjme,12 U.S.C.$2601 ei s�q.l"�PA").unless anather
<br /> , � ,. •.:�',-', '`�,��•' law that applies to the Fundc sets u lesser amoun� If sa.l.ender may.at any time,collect aad hold Furnis in an wn�wnt�nat ta
<br /> � `F a �_=:�'.��.:',;..•� exooad 1he lesscr amount. I.en�kr ma estimate tNe amount of Nlmds due on the bases af cwtent dua and reasonable
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<br /> " �. � � ..,.,, • estinwtes of expenditurcs of future Escrow Items or dherwise in accordance with applicabk law.
<br /> �, � " ��•,:. The FLnds shaU be held in an institurion whose deposits�re inwood by a fodetal agency.inswma�teNty.or entity
<br /> �• �.���1���-�:� (including Lender,if Lender is such an insdtution)or in any Rederal Home Loan Bank. Lender shall apply tha Funds to pwY
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<br /> . ' ;+;,; ,. . '". It�e Escrow ltems. Lender may�wt charge Borrower for halding and applying ti�e Funds.annually unAlyzing tho escrow
<br /> � • � �':;�i:!,;;�';�� � aaxount, or verifying the Escrow Uoms. unless l.ender pays Bortower interest on tho Fun�ls and applicable law pe�mits
<br /> ''`"'`'`�''`�� Lender to make such a charge. Hnwever,lxnder muy require Bomnwer to pay a ane-Ume c h a r ge fix an i n d e p endent real
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<br /> , �,;Y�;.l�����• ' estate ta�c reporting service used by l.ender in connection with this loan,unless applicabb law provldes otl�awisa. Unlass an
<br /> •s°• � ugreement is mada or applicnWc low requires interest to he paid,L.ender shall not be requirod 1�pay Borrower any iMenast or
<br /> , � � enmiogs on the Funds. Bomower And Lendcr muy agrcc in writing,however,IhAt interest shall be puid on ihe Fends. Lend�r
<br /> ,�.�i:�;,," shall give to Borrower,wilhout charge,un unnuul uccounting of the Funds,shawing credil�and debits tothe Fundc and tho
<br /> �;;;:;};. :'".^ purpose for which each debi�to the Funds was made. 71ia Fuods ate pledged as additiotwl security for aN Rumc wourad Dy
<br /> ,�;�_,'t .S. ::,,;:•w Ihis Secu�ryFunds heW by Lender exceed the amoun�s �enn9ned to be held by applicable Is►w. Lenda studl s�ocount�ta
<br /> , ' � Bonower for the eRCrsc Funds in accordonoe w ith 1he requirements of applicabb law. If Ihc umount of the Fundc hlld by
<br /> o . ' ' Lender at any time ic not suflicicnt to pay thc Escn�w ltcros when due,Lender may so notify BorioW�er in wtiting,and,in
<br /> �.�,•;;�''�, such cuse Borrower chaU pay to l.ender Ihe amount nece�.r•ar�r to make up tha dafiaiency. Bumower sh�ll ms►�s up Ihe
<br /> � � � ;?�°%�•`�•�e, deficiency in no mare�hun twY{ve manthly payment�,s�t Leader's sale discre�ian.
<br /> �'�'�,��'"�`:';�:�' U n o ment in full of all�ums s�cured 6 this Securi Inswmenl,Lender�hall ram tl mfund Ia 8arrower an
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<br /> ' ;,�.� ���l;t�.•),;�' Funds Aeld by Lender. If.under parogroph 21.Lendcr shall orquira or kll the Property,Lender,prinr ta the xqui�itian o�
<br /> ,::,- wle of Iha Propectp. shaU apply any Fundx held by Lender at the time of swquisition or wle As a crediba�ainst tha sums
<br /> �� • : . secured by thi�5ecurity Insqument. •.
<br /> , ��. ' � 3. Applic�dun of Payments. Unless upplirubl� law p�m•ide�a�hervvirc, ull payments reor�v�by Lender under
<br /> �� ; . ,�;-'.'�.;`° , paragmphs 1 and 2 tihall�be applied:fir�t,to uny prepayment ch�rge�due under ihe+Nnto;srcund,ta amount�payable under
<br /> ��,:.�.`: puragmph 2:third,to intoros�due;fowth.to principul due:und la:t,to any late cher�e�duo urxfeu cho Nae.
<br /> �� . , 4. CboryRes; I.lens. Bomnwer+hnll pay all tvxes, asycsxmeMs, chargo., fine+s und im}xnitions atu-ibulvble to the
<br /> � ; � Property W�hich may nlluin priority over this Saurity Inswmem,and lea.rhold paymeme ar ground rents,if any. Borrower �ti''
<br /> � shall�pay tha�e abligatlnns in the manncr provideJ in purngruph 2,or if nat Eu►id ln 1hAt mxnner,Borrowershull pay them on
<br /> � .. � ��"+%+• � titnc dlrordJ�tu Ihr penon oa•ed paymen�. Borruwer shu11 pmmptly furni�h to l.cnalcr ull�notices of amaun�s to be paid under
<br /> '�`' -�i•�� thls px�gmph,•If Bomower malces thece puymenl�directly.Bumower shall pmmptl�� furnish to Lender receipts evidencing
<br /> `>�;;:�;::... �Pa�nts.
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<br /> ;.. .; — £farrower shull pmmpdy di+chargc uny lien whirh hA�pnonty ovcr this Sccurity Inu►ument unlcss Borrower.(a)agrees
<br /> in writing to�he payment of�he ubligalian x�:umd hy thc lien in u munner Acceptablc to l.ender;lb)conte�ts in good faith the `�
<br /> ` ' " lien by,or defendti uguimt enforcenum uf thc licn in,Icgal pnxecding+which in thc Lcndcr�opinion operutc�o preven�U�e ��'j
<br /> � ° eniorcement oP Ihe licn;or(c)securcs fmm thc holdcr ot'the lien un agnemem+;►ti,fuctory ta L�nJer subordinating�he licn ,,r;;�
<br /> ' to this Security lnswment. If Lendcr dctcrtninc,thul any pun af Ihe Pmpcny i+subjeri�o u licn which rtwy atwin priority �- ,�
<br /> " � '•+"''` over this Securiry Imtrumen�.Lender muy give Bo�niwcr a nrnice idenlifying thc lien. Bortower.h:�l satisfy the lien or toke •.a
<br /> � � • • ` •• • one or more of the actionx sct forth ulwve within 10 duys of�he giving oi notire.
<br /> .�h� "; w ' � S. Hazard or Properly Insurance. Bonaw•cr shull kcep thr impravcmcn�s nuw eais�inF or heRafter erccted on�hc
<br /> '�j • �' ' Property insurcd agaimt loss by fire,h:vard�imluckd w•ithin thc trrtn"ex�rndrJ ru�rragc"umi nny��ther ht✓.:uds,including �
<br /> .�, : � floods or flooding,for which Lendcr requin��insuruncc. Tbis in�urunre shrll t+c mninwined in ihe nrnourns and for U�e `
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