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<br /> 7�0(1E1'HER �YCfH dl the lmprovements now or herrafter eratied on the propeny. and all e�scments.app�nen�nca.ard
<br /> fixw��s now on c�reaflcsr � p�rt oft tho pratpertyi. All re;�l�cementa �rd �ddidona dwil �I,�o be coverod by thls Seatity
<br /> la�ttumenc.All of thc forc;Qfa;is S�'f���1 2}��I1lS GVYIfIIV Ifl�Ifl111M/N�R�FN!•Pn+;+rNy.• -
<br /> 80RROW�R CQV�NAN7'S tlt+u Borrower ia l�wfully�eisai uf the eat+ue heroby cunveyod and twK the ri�ht tu�rant+�td
<br /> convey tho Proptrty u�d tlut the Propeny ir une�xvmberal. except P�x encumbr�uu:r�oP rccord. Burruwa�w�rr��nd wW
<br /> defend�ene�Nlly tha tltle w the Pn�ptrty�gainxt all cl�in�..uxi dem�rw�,subjcrt tu u�y encumbranct�of ra:anl.
<br /> THIS SECURI�'1' INST(tUMEN i c�mbina unifurm ruve�wnt:fur natiw�l use wxl non-unifi�mi cuvawuy with limlted
<br /> varl�tiona by judrdiction ta caauitute�uniform rxurity inxtrunxnt wvering rcal pn�perty.
<br /> �`T - - -- -" UNIFURM CUY�NANl'S. tk�rrowcr a�Ki t.cixirr�uve�uuu wx1�gree�fiiiluws:
<br /> 1. Paymeat ot Principd and Iatct+e�ti A''�Wy� aod Iate Ch�a. Borrower shail promptlY p+�Y W��� �
<br /> principal of and in�ercst on tlx debt evidencod by the Note and any prcp•ryment wxl luu chargcs Jue under tht Nwe.
<br /> 2. F�nds tor Taxa Rad Iu�ur�tke. SubJect to applic�ble law or to a written wAiver by Lender, Borruwer�twll pwy to
<br /> Lender on the d�y monthly payments are due undcr the Ncxe,until thc Note is puld in fatl,o sum�"Furxis")for: (a)yerrly taxes
<br /> and acrassments which may attain prlority over this Security Instrument as a lien on the Property:lb)yearly leasehold payments
<br /> or ground rents on the Pmperty, if�ny;(c)yeurly h�wrd or property insurance premiums: (d)ywrly flaxi insur�u�ce prcmiums,
<br /> if ony; (e)yearly mortgage insurance premiums, if any; and (�uny sums payable by Borrower to I.ender, in uccordance wlth
<br /> the provisions of par�graph 8,in lieu of the payment of mortgage insurance premiumt.These items are calied"Escrow Items.'
<br /> Lender may. at any time,colloct and hold Funds in an amount not ro excced tho maximum artwunt a Iender for a foderally
<br /> celatod moKgage loan may rryuire for Borrower's escrow uccount under the federal Real Estate Settlement Procedurcs Act of
<br /> 1974 as atnendod from time to time, l2 U.S.C. Section 2601 er seq. ("RESPA"),unlcss another luw that upplies to the Funds
<br /> sds a iesser arnount.If so. Lender mny, at any time, coliect and hold Funds in an um�unt not to exceod the lesscr umount.
<br /> [��may cstimate the ymount af Funds due on the basis of current dAta and reusawble estimates of expenditures of Puture �
<br /> Fs�avw Items or otherwise in xcordance with npplicable law.
<br /> -= The Fu�rds shall bc held in an institutian whose depasits are insured by a f'ucicrAl agency, instrun�entality. or cntity
<br /> (including Lender.if Lender is such an insiitutian)or in any Federal Home Luan Bank.l.ender shall apply the Funds ta pay the -
<br /> __= Escrow Items, l.ender may not chuge Borrowec for holding and applying the Funds, annually analyr.ins the escrow account,or
<br /> verifying the Fscrow Items.unless Lender pays Bonower intenxt on the Funds and applicable law permits i.ender to make such
<br /> _ a charge. However, i.ender m�y require Borrower to pay a onc-time charge for an independent real estate tax reporting 5ervice
<br /> - -- used by L.ender in connection with this loan. unlcss applicable law provides othenvise. Unlcss un agreement is tnade or
<br /> = applicable law requircs intecrst ta be paid, l.ender shall not be required to pay Borrower any interest or earnings on the Funds.
<br /> — Borrower and Lender may agree in writing,however.that interest shall be paid on the Funds. Lender shall give ti� Borrower,
<br /> - without charge,an annual accounting uf the Funds, showing credits and debits to the Funds and the purpose for which each
<br /> ____ _�,�, de6it to the Funds was mide.The Funds are plcdgcd as additional secunty for aii su�ns secured by this Sr.�urity iu.t�u�r�nt. -
<br /> �"","'� • If the Funds held by I.ender exceed the amounts permitted to bc held by upplicAble law, L.cndcr shall uccount to Borrower
<br /> �°.�s f
<br /> •� ,.: • for the excess Funds in accordatue with the requirements of applicublc law. If the amount of the Fu►xis held by Lencier ut any
<br /> �' ticne is not sufficient to pay the Escrow Items when due, I.enJer muy so notify Borcower i n writing,and,in such c�.re Borrower
<br /> shall pay to I.ender the atnount necessary to muke up the deficiency. Borrower shal}make up the deficienry in no more then
<br /> twelve monthly payntents,at Lender'��olc discrction. -
<br /> Upon payment in fuli of all sums secured by this Security Instrument, l.ender shall promptly refund to Borrower any _
<br /> Funds held by Lender. If,under purag�aph 2 t, I.ender shall acquirc or sell the Property.Lender,prior to the ucquisition or sale
<br /> of the Prop�rty,shall apply any Funds held by I.e»der at the time of ucyuisition ur sule us a crodit against the sums securod by
<br /> this Security Instrument.
<br /> 3.Appli¢allon of Poyme�ts.Unle.r-.upplicablc law providcs otherwise,all payments reccived by Lender under paragraphs
<br /> ' ,r 1 and 2 shult be applied:first,to any pmpayment chnrges due under the Note; sca�nd,tc�amounts p�yable under paragraph 2;
<br /> �?���;:'�;is;,, third.to interest due:fourth,to principal due;and last,ta any late churgeti due under the Note.
<br /> 4.Clu�rges; I.tens.Borrower�hall pay all tuxc�. assessnxnts, churges, fine.r•and impnsitions attributablc to the Property
<br /> �;' which may atwin priority over this Security inxtnrment,and Ic•rsehold paynkntc or graunJ rents, if any. Borrower shall pay
<br /> -- __ _ ����;; theu obligetions in ihe manner provided in parrgraph 2, or if not paid in that munncr,Borrowcr shull pay them on time directly
<br /> � ��:a•
<br /> "'�"�+���+? to the rson owed ment. Borrower shall rom d furnish ti�Lcndrr ull notires of amounts to be paid under this parngraph.
<br /> :;F,g.,_, pe i�Y p P Y
<br /> ---_-=-���°;". If Horrower makes thesc payments directly,Bc�n•ower shull prompdy furnish to L.ender rec�ipts evidencing the payrntnts.
<br /> ��``-"='�-- Borrower shall promptly dischurge any lien which has priority vvcr thiti Serurity Instrumcnt unless Bo�mwer:(a)•rgrc�in
<br /> _.=�a;;�,� writing to the payment of the abligation x�cured by the lien in a m�nner ucceptwble t��LenJer; (b)contests in goad fuith the lien
<br /> - ---�- - by. or defends against enforcement of the lien in, Ie�al procecdings which in the I.ender's opinion operate to pnvent the
<br /> ���-i� enforcement of the lien;or(c)secums from the holder of the lien an•rgrccnx:nt �tisfactory to Lender subordi�uting the lien to
<br /> �,"'- this Security Instrument.If[.ender determine+that any prri of the Property is+ubject a� a�icn which may attain priority over
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