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<br /> ToaETHER wITH aU tne lmprovemenu�now or nereafte�croctoa oa tua property, ts, .
<br /> wd 8xturea now or h�r a p�t of thc propeAy. All�plrcemeot��ad wddiAor�s chpll d�o be covered by s Sxudty
<br /> Inapun�en� All of the forcgoing is rofenod to in this Secudty Innavment u the«P�nputy"
<br /> BORROWER COVENAN7'S that Borrower is U�wfully�eised af 1he e�ate hereby convoycd and ha�tho�iQht w pt�nt
<br /> end convay theProp�ty wnd tbat th4 Property is unoocumberod,except for encumbrances of rocord. Borrower wur�nts�ad
<br /> `;� will defend geaeraliy�he tiUe w the PropertY�ain�t�Il claim�and deman�s.subJat to any encumbronoes of rocord.
<br /> TH1S SEC[JRITY INSTRIJMETV'f combinas uniform covananta for astionaJ use and non-unlfoem covenanta wWr
<br /> Wnited varfatiana by jurisdietion w consrituta o uniform security Inctrument cavcring real property.
<br /> � J UNIPORM COVENAiV'fS. Borrowor wid Lender covonant and ag�ee as followa:
<br /> 1. P�yaient ot Prtadpl nnd Iaten�Prepolnnent and Lafe Clwr�ea. Borrower ehall promP�Y P�Y when due the
<br /> priac of and intercst on the debt evtdanced by tha Nots end any prepayment and lale charges due under the Note.
<br /> I � � � Ftindo[or'Ibxea ard In�urnncE. Subject a applicable law or to a written waiver by Lender,Borrower�hall pay to
<br /> Lender on the day monthly payments arc due undcr the Nota,unUl tl�e Note is paid in full,a sum("hl�nds")for.(a)yearly
<br /> hold
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<br /> uxes end assessments whiah may p ty �Y
<br /> � payments or grow►d rents on tho Property. if any:(c) Yearly hazard or propeny insurance premiums: (d) Yearly flood
<br /> prop
<br /> ' -" .,`�' inau�nce premiums, if any; (e) yeady mortgage inRUrance premiurrts,if any:and (� any sums payable by Bortower to
<br /> .. °i. l.ender. in accordance wiU�the provisions of patagroph 8,in lieu of the payment of mortgage insurance p�emiums. These
<br /> items erc called"Escrow Items." Lender may,at any cime,coUect and hold fimds in an amount not to exceed tUe maximum
<br /> ���; �-�;�,;`:� '?a amount a lender for a federally related moRgage loun may require for Bonower's escrow account under the federal Real
<br /> "2"-.�`�� Fstata SetUement Procedures Act of 1974 as amended from dme to time,l2 U.S.C.§2601 et seq.("RESPA"),unless another
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<br /> :�.�a� � �.,.���; law�hat nppllea to the Pbnde sets a lesser emou�� If so,I.endar may,at any 1ime,collect and hold Punds in an amount not to
<br /> s', , .. . : `•"`" exceed the lesscr amount. l.cndcr m�y esdmutc the mnount of Wnds due on the basia of current data aod�easonable
<br /> . �.:..i: `..;, � .. ,
<br /> • . estimetes of eapenditures oP fuwre Escmw ltems or aherwise in accordance with applkable law. �
<br /> �� �`,�• ` ' • � . The Punds shall be held in an insUtudon whase depoaita ere insured by a federal agency. inatrumentality. ar endty '�'
<br /> , � � (including I.endar.if Lender is such an institution)or in any Federal Home Loan Ba�k. L.ender shall apply�he�nda to pay
<br /> ; .,; �'� ,i, . • , th� Egcrow Items. l.ender may not ciuvge Bortower for holding and applying the Flinds, annually analyzing 1he escmw
<br /> �'`" . ,� ' account. or verifying Uw Escrow ItemF, unloas Lendor pays Sorrower interest on the Funds and applicable law permits
<br /> � Lender to make such a charge. However. l.endor may requine Borrawer to puy a one-time chacge for an independent real ' �
<br /> -- .. '' ' ' �. estate tax reporting service ur.ed by L.ender in connection with thi9laan,unless applicable law provides atherwiise. Unless an
<br /> � agreement is made or appliceblc law requirea intemst to be puid,L,endcr shall not be requireJ to pay Borrower arg�intcrest or .�"
<br /> �• . • : earnings on the Funds. Borrower end Lender muy ugnee in writing,however,that inierest sheQ be paid on 1he Funds. I.ender _
<br /> R' " ' shall give to Bomower.withou�churge,on unnual uccounting of the Funds.showing crediu and debits to tha Funds and the
<br /> ' , ' purpose for which each debit w U�Funds was mada. The Funds are pledged as addltionul security for all sums secured by
<br /> . this Security Inswment. '
<br /> � -- - • If the t�unds held Oy Lender exceed the amounts permitted to be held by appiicable law. i.�nder shafl accouat ta
<br /> , Bomower for the eacess Flmdc in Accordance wi�h the requiremenl5 af applicable law. If 1he umount oP tha Funds held by
<br /> , ' . • "" l.ender at any time is not sufficienl to puy tha Escrow Items when due,l..ender may so notify Burrower i�wridng,and,in
<br /> " � such cu.ce Borrower shall pay to Lender the umount necessnry to make up the deficiency. Burrower shall muke up �he
<br /> • ;� �, , � : deticiency in no more thun twelve monthly payments,at Lender's u�le discretion.
<br /> ',�;:;�, .. Upon paymant in full of ull sum�ucured by thi�Security Instrument,Lender shall prompdy refund to Borrower aoy
<br /> . , Funds hcld by[.ender. If,under pnra�raph 21, Lender shull ucquim or sell�he Property.I.endcr, prior to the acquisition or
<br /> �:. ' ' '" salc of the F'�o�rty, shall upply uny FunJx hald by Lendcr at the tima of ucyuicition or sale as a credit ogainst the sumx
<br /> � � , secured by thiR Security Instrument.
<br /> '� � 3. Appllcatton ot Payments. Unlc„ applicublc luw pmvidcs othcrwise, s�ll paymcn�s received by I.endcr under
<br /> ���'.•' .. � �:• pnragraphs 1 snd 2 shnll Ix:upplieJ: fin�,to uny prepuymen�churge�due und�r the Note;second, to amoun�+payuble under
<br /> i r,� ' purugraph 2;third,to intcrc.t duc;faunh,lo principul duo;und lu�t,tu uny lu�c churg�x duc undcr the Notc.
<br /> 4. Cherges: Lien.g. Bormwcr shull pay all �axes, u.u:�.mcnts, chargec, tincti und impo�ilions uuribumblc to thc '
<br /> , ,-'�':,' ' Property which muy u�tain priority����cr�hi�Sccurity In.trumcnt,und Ica.chald puynxnt�+or ground rcn�s,if:��y. Borrower , :'
<br /> ,r � ' ' :.��•- shnll pay these obligntians in the manncr provideJ in puragraph 3.or if not puid In thut munn�r.Borrower rholl pay them on :t� �
<br /> ' � � lime directly to tha penon owcd puymcnt. Borrower tihall prumptly fuminh to Lcn dcr u l l naire�o t'umounts to be paid under `•'
<br /> 1 ,�: Ihie;paragrrph. If Borrower muken these puyments dirccdy,Borrower shull pr.�mptly fu:nish t��Lender receipts evidencinF
<br /> "� . . the paymantr:. '"
<br /> " ; , � Borrower.hall promptly Ji+chur�c any licn which ha.prinrity nvrr this Security In.trumem unle++Born►wer:lu)agrces �
<br /> �. •
<br /> �?r. in writing to the payment of�he obli�ulinn r.ecureJ h��the licn in a manner uccrptublc to LenJer;�t+)comc+ts in good fnith the '�•„��;
<br /> � licn by,ur defends uRuinst enforccmcnt of thc licn in.Icgul pr�xecdinFs which in�hc Lrnder's npinion o�x:r�te ta prevent Ihe •�,,��'
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<br /> , ;, . enforcement of the licn;or(r�xecurrz fmm thc M�IJcr��f�hc licn un agrecment+ati,tuctory ta l.rndcr,utw�Jinaling the licn f
<br /> � . •; to thlr+Security Instrument. If Lendcr Jet�rminc+thut uny part of the PmExny is whject to u licn which muy u�win prioriry f
<br /> �• r�,.;., `.;,;��;.��`,,,;, �• . over�his Security lnstrument.LcnJer muy givc B��rrower a na�icc identifying thc licn. Ri�rrower shull tiutisfy the lien ar take � �
<br /> � �• � one or more of thc uctions uet fonh uho��c wilhin IQ duy,ol'Ihc gi�ing�if noticr.
<br /> ^' ' �!�����'" 5. Haznrd or Property In4urance. Burn►wcr.hull kerp thc impro�•�m�nt.nna•rxi�ting un c�reufter�ncted on�he ��,..��
<br /> ���•.`' Property insurcd oguinst lo�s hy tire,h:uard+inrluded wi�}�in thr terni"extcnd�d c�»�eruge"und any�nhcr hiuuni.,inrluJing
<br /> � •;: � � �. . flcwds or flooding,for which LcnJer reyuire. in+urunce. Thiti intiurancc shull I►�: muintuincJ in �hc amount�und for the
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