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<br /> TOCiB'17i8R WfCH�II the lmprovcment�mw an c�reaftcr ercctod on tha property,and all casement�,opEwRenanccr,
<br /> and 8atura now rn ha+eJter a pwt of tho property. All rcpiwcemo�tp and udditlon�shrll�Iro be covor�ed by tl�lr Socurity
<br /> Lutrumen�All of the fon�oia�i�rotemed to in Uif�Savricy incaumeet as�ho"Pm�a»y."
<br /> BORRO'WER COVENANI'S thwt Bomnwcr ir lawfully�cicod of tha estato hcrcby rnnvoyad and h�r the ri�ht to�t
<br /> '� And convey thc Prapaty w�d ttu►t the Pt+apertY ir unencumbcrod,except fo�encumbmncea of rccoM. Bamwer w�rronu and
<br /> �;.� will defend genmlfy tha dde to the Property againct all claimR and demands,subjact lo any encumbrances of rocord.
<br /> y � ' THIS SECURITY INSTRUMEN7'combines uniform covenant� for national uce And non•uniform covemnu witb
<br /> '�''ti �' limited vari�tions by Jurisdiction W constltute a uniform cecurity incuument covering real prnperty.
<br /> - °"""` UMFORM COYENANTS. Bortower and Lender eovenunt and agoee as follows:
<br /> l. ltiymeat af Peindpd w�d lateresti P�P�3'�eM nnd I.ate C6wrga. Bomower shall promptlY PAY when due the
<br /> .,:, .; princi al of end intemst on the debt evidenced by tha Note and any prapayment end lete chargcs due under the Notc.
<br /> � �';���,►t3� �. �for 7haes and Iasurana+� SubJect to applicabla law or to a wrinen wafver by Lender.Bortower shall pay ta
<br /> "°�` Lender on the day monthly payments are due under tho Nata,unti!tha Note is paid in full,a sum("Flmds")for:(a)yearly
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<br /> ti.. , , taxes and assessmenls which may attain priodty over thin Security Instrument as a Ilen on the Proporty:(b)Yearly leaseiwld
<br /> � '"�":, • Qayments or gmund r�ents on the PmpertY. if any: (c) Yearly hazard or Pmperty inswance premiuma: (d) yearly flaod
<br /> " ' ' � - �-,. •� msu� �remiams�if any: (e) Yearly mortgage inauranco premiums. if any: and(�any sums paya6le by Bomower to �
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<br /> ' . * �. , [.endet,in accordance wlth the provisions of paragraph 8.in Ueu of the payment of mortgage inaurance premiwms. These .���y��`
<br /> �` •it:�:°�� �;r. items are called"Escrow Items. l.ender mAy,at any dme,¢allect and hold�Lnds in an amaunt nat to exceed�he maximum
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<br /> ;y ..�,�,..1, .�:� ;;,t;-�� amaunt a lender for a federally related mortgage loan may require for�oirower`a escrow account unde�ihe federal Real
<br /> �f -;::;;,;;`;�:f:,'.';r:h,�<<�tj}; Estate Settlement procedures Act of 1974 as umended from tima w dma,12 U.S.C.$2b01 et seq.( RESPA ),unless another
<br /> �' ;;, t��y;s� law that applies to the Flinds sets a lesser amount. If sa,i.ender ma�,at any time,collect and hold Funds in an amount not to
<br /> �, �• "�� eaceed�he lesser amount. Lender may estimata thu amount of Pund� due on the basis of cutrent data end rcasonable
<br /> - �, �°; • � - �- esdmatcs of eapenditures of future Escrow Items or othervvis,e in eccoMrnce with applicable law.
<br /> . � , . Tha Punds shall6e held in an institution wh�r.c depasite nre insut+ed by a Pederol agency, instrumentulity,or entiry
<br /> , � �,. (including l.ender. if Lendor ia such an inRtitution)or in any Federol Hame Lonn Bank. l.ender shall upply�he Funda to pay
<br /> •� , the Escrow Items. l.ender may not chargc Barmwer fiN hnldinp and�pplying the Fundn,unnunlly unalyzina �he e�cr�w
<br /> � o � . accaunl,or verffying the E.rcrow Items, unlew�l.ender pnyti Bc►rnrwer intarc.rt �m �hQ t�unJti wNl nppHcuhle luw permil�
<br /> �' ' ; ��• Lender tw make Kurh a charge. Howcver,l.cnJcr muy n�qui�►t Rorrower lo puy a nne-�fma rhurQe fiw on independen�rcal
<br /> eswte lax reporting�crvi��c u�cJ by L.ender M ronnectian with Ihfh luun,unlotiv uppIkuhlu luw pr�wideN othenvi�c. Unlc�.un
<br /> • ' " ogrcemcnt ic madc nr uppUrublr luw rcyuimK intcrc��a�Iw pnid,I.rndrrr.rhull nol lw rcyul���l�a puy Barr��wcr uny inicrcrt ar
<br /> ` " eamingx un thc Fu�xi„• Hom►wcr und l.enJcr muy ugnw in wri�ing,iu�wcvcr,lhu�in�o�nt tihull tw puiJ un�hc FunJ.r. L.emkr
<br /> � � xhall givc �n Burtuwcr. wllhoul churgc, un unnuul ucr��unting of�ho f�und�,�M�wing rnJilr anJ�kMi�h�o the Fund�unJ thc
<br /> o purpnsc f�r which cu�h dcbit�o thv l�Lnd�waa mwk. Thu Fundh�u�¢plcdycJ u��Iditi��nul+ixuri�y fiK ull�umn xecumd by
<br /> . �his 5ecurity Inswmcnt.
<br /> If�he FunJx held by L.cndcr excecd the umounlx permillod l0 1+@ iwld by uppliruble luw. Lender ,hull account ta
<br /> -- . Borrower for/irc racc,.x Fuodr f�i,n��x'dance uiih iha tequiritmaoih of sp�tlicabli law. !t il�c:smauni of shc Fus�tk; held by.
<br /> • Lender ut eny Iimc Ia nut sufticient tu pay ttw E�craw Item�whan due,Lcndcr muy tiu notify Borcowcr in writing.and. in
<br /> " such case Botrower shall pay to Lender the umounl necessary tu muke up �he deficiency. Borrowrr shall make up the
<br /> p � deficiency In no more than�welve monthly puymemK,ul l.enderk tiolo diu:retion.
<br /> ' ' Upon pnyment in iull of all xum, secured by thie Security InFtrument, l.ender shull prompdy refund to Borrower uny
<br /> �� ` ' Funds held by I.ender. If,under purngrnph 21,Lender shull ucquiR or sell thc Property,Lender,prior to the ucquisition or
<br /> �; sale of the Property,shall appl�� any Fund� held by I.ender at thc tima of ucquisiuon or sale uw a credit ugainst the sums
<br /> , secured by this Securi�y Instrumen�.
<br /> � 3. Applkation of Payments. Unles� upplicuble law provides otherwise, ull payments received by I.ender under
<br /> ��.. > paragrnphs 1 und 2 shall be applied: first,to any prcpuymenl churges due under the Note;second,to umoun�s puyable under `
<br /> �+ • puragraph 2;third, to interest due;founh,to princip�l due;und lust,to nny la�c churges duc under thc Notc. 12��`
<br /> �l,t,•::; 4. Chprges:Liens. Borrowcr shall pay all tnacs, usxessment�, charges, Mes und impositions attributable to the
<br /> r' < < �• Praperty which muy attAin priority over�his Sccurity In�trumem,und Ieusehold puymem.or grounJ rcntx,if any. Borrower ?1
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<br /> '�;-, � � ,. shall pay thcse obligntions in ihc munner providcJ in por�graph 2,or if nw paid in ihat munner,Borrowcr shall pay them on �
<br /> �•-� °'�:�"' � " �ime direc�ly to�he persan owed puyment. BaROwer shull �xamptly furnish to Lcnder•rll nuticcs of amoun�s to be pald under �;:x
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<br /> y; .• . this paragtaph. li' Burcower mnketi these payments directly,Borrower shall promp�ly fumish to I.ender receiptc evidencing
<br /> � the paymems. `
<br /> Borrowcr shull promptly ditich•rrgc uny licn tivhich has priority over thic Sccuri�y In��niment unleti.Bnrrower:lu)agrces ` ':
<br /> '�7 in writing to the payment uf'the obligntion+�ecureJ by ihc lien in u munner acceptuble to Lender:lb)contcsls in gcx�d Tailh the :��t'
<br /> ° lien by,or defends uguinst enforcement of the lien in,Iegul proceedings which in Ilx LenJ�r's opinion uperate to prevent the
<br /> � ' enforcement of the licn;or(c)secures from the hold�r af thc lien un u�rcrmcnl xati�factory to LenJer+ulwrdinating the lien
<br /> .•,;, • ' to thic Security Inswment. If Lendcr deterrnines ihut any pun of thr Propeny is.uhjrc�tu a lien which muy uttain prioriry
<br /> � '' � ` • over thix Security lnswment,Lcnder muy givc Borruwcr a ni�ticc identifying thr lien. Borrowcr shall tiatixfy�he lien cx ts�ke
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<br /> ���4; � � ,. one or more ut'ihe ucticros set fcxth ulx�ve within 10 d•ryr of the givinF of notire.
<br /> S. Hazurd or Property Insurnnce. Burrnwer shull kcrp thc impr�wemrn�.now rxi�ting or herc•rfter erccted on the � .,
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<br /> � � Propcny insured agninst loss by firc,haiurd,inrluded within the tcrni"cxtcnJcd c�n•rruge"and any othrr h:varda,including �
<br /> •r � ��� . iloods or Ilooding,for which Lcndcr rcyuires in�urancc. Thi. insurancc shall hc maintuincJ in thc um��ums und for the
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