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<br /> 4u`,9 I II TO(jE7'HF.It WITH all�he impmvemrnt�now or hereAf'ta eroctod on the property.and�II casamente,appuAenwiceo�
<br /> •pd tixtw�naw or f�a+eafter a port of the pmpe�ty. All roplaaementa and addidane atiall al�o be cova�ed by thii Seaurlty
<br /> Inrwment. All of the forcQofoQ i�rofemed to in thl�3ecudty lnaivrt►ent er the"Property.«
<br /> BORROWER COVP.NAlV7'S thet 8orrower ia lawfully sohad of 1ha estete Iteroby conveyod and!wo Iha�ight w graat
<br /> end convey 1he Property end that the Property is unencumbered,exapt for encumbrances of r+ecord. Borrower wartanw and
<br /> wlll dafend Qenernlly the dtle w Iho Property aQairut all oluima and denwnd�.cubject to any encumbrances of record
<br /> .;;,_� ;.,,, THIS SECURITY INSTRUM6NT oombines uniform covenonta for notional use and non-uniform covenrnts wlth
<br /> „,� limited veriapons by jurisdiction ro conetitute a uniform cacurity insuun�ent covering m.�l prapchy.
<br /> , UNIFORM COVENANTS. Bottower and Lender cavenant and agree as followa:
<br /> Y:;�:.4;':;t'`r� 1. Payment ot Prtadpal nuud IntetYSt=Prepwymeat ond Late C6�rRa. Bomower shall prompdY Pay whcn due the
<br /> �`r���' '�U� � } rinci of and intencst on thc dcbt evidenced b lhe Nate and siny prcpayment and lote charges duc under the Note.
<br /> .��''."�� ;�. � ':'Y: P y °
<br /> ,.f,. , ;. , �P�un�le tar'Iluces w►d Inouranca Subject to applicable law or to a wtitten waiver by Lender,Sorrowar shall pay w
<br /> '���"'” � •'' "�` l.ender on tha day monthly peyments une duc under �he Nde. unt�l tha Notc is pnid in full,a sum("Fu�ds")for.(a)ycar ly
<br /> '-':".;1,'..;;�,,.<_"�' ':; taues and assessments which may attain pdority over thia Security Inspument as n lien on the Praperty:(b)ycarly lensehold
<br /> ..�,. . ,� payments or ground rents on 1hc Property. if any: (c) Yearly 6azord or property insurance promiums: ld)Yenrly �flood
<br /> -,� V . ' Y� insu►ance remiums, if an :(e)yearl mort o 6 insurance remiums, if rin ; and(�any sums abk b Barower to
<br /> ,�.•.>, .:;, :.:�: . P Y Y 8 8 P �Y PaY Y,
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<br /> ,.d a.._:;+..�:����,,�,� I.ender.in acca�dance with the provisions of paragraph 8,in lieu oi the payment oP morlgage insurance prenuums. These
<br /> i,.��° .r.� .,, � items are called"E.�crow Items." I.ender m�y.at any time,collect und hold Flmda in an amount not to exceed the maximum
<br /> �� "-"."�' ".�' amount a lender for a federally related mortgage loam m�y require for[iorrower's escrow accou�t under the federal Rea!
<br />_• �' ;. � � .; ;�;_ ,;.: ..,,�.� .+�, Estete Settlement Procedwes Act of 1974 as amen�led from ume to dme,12 U.S.C.$2601 er seq.("R6SPA").unless another
<br />� " " � ' . . : . .�0� law�hat app8es to the Flmds sets a lesser anwunt. If so.Lende�may,at Any time,collect and hold Funds in nn amount not to
<br /> � Q. . ;-.-'� - .�'., - - �� cxcecd thc Icsscr amount. Lcndcr mAy cstimate the amount of f�nds due on the husis of cument datA and rea�wwble c
<br /> . • ., estimates of expenditures of future Escrow Items or athervvise in accordance with applicable law. `�:�
<br /> , . � , �, • � �• . The F�nds shull be held in an institution whasc deposits are insurec! by a federai ngency, insuumemality,ar entity `
<br /> n ' (including I.ender,if l.ender is such an institution)ar in any Federal Hom�Loun Bunk. Lender shell upply the hlmds to pay ,:�e
<br /> `'`��� '' the Escrow Items. L.ender may not charge Borrower for halding und applying the hl�nds, aonuully analyzing 1he escrow
<br /> �' '���'','.�:i_`•. .:.
<br /> j � � accaunt,or verifying the Escmw Items, unless Lender pays Borrower interest an the Funds and applicable Is►w permits
<br /> „���' Lender to make such n charge. However,l.ender may require Borrower to puy a one•time charge for an indeExndent real
<br /> �'�� , , , . . es�a�e taa reporuog service used by I..ender in connection wi�h this loun.unlesx npplicable Inw provides othenvlse. Unless an
<br /> , agrcement is made or applicable luw requires interest ta be paid,Lender shnll not be requined to pay Borruwer any interest or
<br /> ; � � .. earnings on the Funds. Borrowcr and Lender may ugree in writing,however.lhut inter+est shull be paid on the Funds. Lender
<br /> ��' �•, � shull give to Borrower,without charge,an onnuul ncruunting of thc Funds.showing ariedits und debits to the Funds and the
<br /> . •:'��;�f;:`�'.'" purpose for which euch debit to�he Funds wns made. The Fund.e suc pledged as ndditionul securiry for all aums�secured by
<br /> ' � this Security Insuument.
<br /> '- -- lt the Fundc hetd by L.ender eaceed the umounts pertniaed io be heid by upplicuble luw, i..�nder shal! axovnt io
<br /> ;;. � � Borrower for thc excess Funds in uccardnncc with the rcquirements of applicable luw. If thc amount of ihe Funds held by
<br /> .�� ' Lender nt any timc is nat sufficicnt to puy the Excrow Items when dur,Lender muy so notify Borro�vcr in w�ting, and, in
<br /> ' �.;��,•:;;, . such case Borrower ahall puy to L.ender the umount necesxary to make up the deficiency. Bonower shsill make up the
<br /> ;i��•:...�..;, deficiency in no more than twclvc monthly paymcnts.nt Lcndcrk salc disrre�ion.
<br /> "" •'' � ilpon puyment in full of ull sums secured by this Security Insirument, Lender�hall prompdy refund to Burrower nny
<br /> �' ' �`' � �; Funds held by Lcnder. If,undcr pun►gruph 21,Lender shull ucquire or seQ the Propcny, Lcndcr,prior lo�he ucquisition or '.�.,.
<br /> �-• . sale of the Property, shall apply uny Fund, held by Lender ut ihe time of ucquisilion or snle as n credit agoinst the sums
<br /> � "`! secured by this Sccurity Instrumem. :.,=
<br /> ' � �..f 3. Application of Paymenls. Unlc.� upplirablc law providcti athcnvicc, all paymrnts received by Lender under
<br /> �I�: ,. , '.. •� , , s purugruph� 1 and 2 yhull be applieJ: first,to any prcpayment charges due undcr the Nole:second,to amounts payAble under
<br /> + •��, purngrnph 2;third,to intcrcst duc;fourth,to principul duc;unJ last,tn uny la�e churges due uoder the Note. �ti ;
<br /> � ! ���'� �����'�`�''� 4. C h a r�e e ti;L i e n s. B o rr o w r r s h u U p u y u l l t u x e s,a.s e s s m c n 1 a, c h s u g e s, l i n e� n n d i m p o s i t i o m u t t ri b u w b l e t o t h e .
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<br /> . ,.,; Property which may attuin prioriry over thiti Security In+trumrn�,und Ieu.ehalJ puymenls or�round rents,if uny. Borrower
<br /> � , shall pay thesc ohli�ations in�hc munner pruviJcd in puru�ruph 2, or if nai puiJ in ihut munner.Borrower shull pay them on
<br /> • • � �ime direcUy to the perxon owed p•ryimmnt. Borruwrr.hall pmmptly furni.h to l.rn�kr all notices nf umnunlx w bc paid under "
<br /> this paragrnph. If 8orrc�wer make,lhc+c puymcnl�dirertl}�.B�Krawcr+hall promptly 1'urnish to Lender rereipts ev�denring -
<br /> tfie puymcnla, '
<br /> ' Borrower xhall promptly dixrharge i�m•licn whirh ha�priority u�•cr thi�Sccuri�y Intiirument unle.�&�rrower.(al agrees
<br /> • in writing to Ihe paymenl nt'Ihc ahligation cecured by Ihe lien in•r inannrr arccptabl�t��LcnJrr,(b�contc�tx in gcxxl fuith the
<br /> licn by,or defrnd,aguin�t rnl'orccmcm uf Ihr licn in.Icgul pnx«ding.whirh in�hc LrnJcr:opini��n o�ratc io prevcrn thc
<br /> � cnfor+ccm�:nt of thc licn;ur Ic1�ecurc,from thc huldrr uf�hc licn:m u�rcemrnt.ati+fuc�ory tu Lender sut►nrdinuting�he licn
<br /> to Ihix Security In.tnimem. If Lcndrr Jct�nnincz Ihal uny part nf the Pro�xny i..uhjcct io a lirn which muy attuin priority .'
<br /> .. ' over thiti Scrurity In.rtrwmnl,L.rndrr muy�i��c fi�,rr�►wrr a�xnirc iJ.ntifying�hr lirn. Born►wcr shull suti.fy�hc licn cx tnkr 1,•.,•"�
<br /> : •� . onc or more ol'thc uctiom,rt tixth ahuve within !11 Jay.�►f�hc gi�•ing ot'noticr. �
<br /> 5. Hazard or Property Insurancc. HorroK•�r.hull krcp thc imprucement.r nua�xi�tinE on c�rc�ticr crcrtcd on thc �'..1�.
<br /> . ' � Propcny insured aE•rin.t lu»hy lirc,haiard.inrluJcJ��ilhin thc lcrm"�zlenJed ru�rragr"anJ•rny��ihrr huiarda,inrludin�
<br /> � flaods or flooding,for which Lcndcr rcyuircx inxuruncr. Thi.in.unincr .hull ix muintuin�J in thc umnums und i'ar the �
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