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<br /> TOCiETHFR W1TH rll the improvemcat►naw or heirafter erccted un thc property,end aU easemcritc,appurtenutces,
<br /> --� - —�- — -� ant!f xtures now or hereaftcr a psrt af tht prnperty. Ali r�ptucen�euts rnd edditiune nhYN t�i�tu be cuvrrai Uy Utis Sr.�:urlty �
<br /> Instrument. All of the Pa+egoing is nefemed to in thii Security Instrument w the"Property."
<br /> BOitROWBR COVBNANTS thtt Bomnwu is I�wfully reisod of the estatc hcrcby conveycd u�d has the ri�t►t to gr�nt
<br /> and convey the Propecty uid thu the Property is urrencumbered,except for encumbrances of rocord. Bort�owet w�rtants and
<br /> wlll defend genenilly the titk to the Property ag�inst all cl�ims and demu�ds.subject to�ny encumbrartces of record.
<br /> THIS SECURITY MSTRUMENT combines u�iform covenunts for national use u�d nun-uniform coven�nts with
<br /> _ ---- limited vartations by jucisdictlon to canstituu a unifom►ucurity inswment cavedng real property. �_
<br /> UN[FORM COVBNAN'I'S. Raruwer and Lender covenu�t and agrce as fallows:
<br /> 1. I'�yment of Princip�l and interest;Prepaymcat aad LAte Ch�rQa. Bocrower shall promptty pay when due the
<br /> principal of And Intecest on the debt evidenced by the Note and any prepayment and late charg�s due under the Note.
<br /> 2. Ftinds tor 71�xea and Insuranea Subject to applicable lnw or to a wrttten w�iver by Lender,Borrower shall pay to
<br /> I.ender on the day monthly payments are due under the Nate,until the Note is paid in full,a sum("I�nds")for.(a)yearly
<br /> _ taxes and assessments which may attain priority ovcr this Securiry Inswment as a lien on the Pcopeny;(b)yearly leasehold
<br /> --� � payments or ground rents on the Properry. if any; (c)yeuly hazard or propeny ir�uru�ce premiums; (d) yearly flaod
<br /> insurar�ce premiums. if any; (e)yearly mortgxge insurance premiums, if any; and(fl any sums payabie by Borrower to
<br /> L.ender,in accordance with the provisions of paragnph 8,in lieu of the payment of mortgage insurance premiums. '[liese
<br /> — -°;Y;,,�� items a�+e caqed"Escrow Items." Lender may.at any time,caliect and hold Funds in an amount not to exceed the maximum
<br /> _".�`--`-� amount a lender for a federally related moRgage loan may require for Borrower's escrow account under the federnl Reai
<br />-- ---���'���� Estue Settiement Yrocedures Act ot 1974 as amended from ame to time,12 U.S.C.$2601 et seq.("RESPA"),unless unother
<br />- - law that applies ro the Funds sets a lesser amount. If so.I.ender may,ut any time,collect and bold Funds in an amount not to
<br /> -- excecd the I�.sser amount. L.ender may estimate the amount of Punds due at the basis af cu�rent data and teasonabk _
<br /> ` esGmates of expenditures of future Escrow Items or atherwlse in accordance with applIcable law.
<br />:+• The Funds shall be held in en i�istituuon whose deposits are insured by a federat agency, insuumentafity,or entity
<br /> (including[.ender,if L.ender is such an insqtution)or in any Federal Home i.oan Bunk. l.cnder shaU apply the Funds ta pay
<br /> the Escrow Items. Lender may not churge Borrower for holding and applying the Funds. annuully analyzing the escrow
<br /> account,or verifying the Bscrow Items, unless l.ender pays Borrower interest on the bLnds and applicable law permits
<br /> Lender to maice such a charge. However,L.ender muy require Borrower to puy u one-time churge for an independent real
<br /> estate tax reporting service used by Lender in connection with this loan,unless applicable I�w provides otherwise. UnlesS an
<br /> _,. �'<<<' agreement is made or applicable law requic�es interest to be patd,L.ender shall not be required to pay Borrower any interest or
<br />,�� eamings on the F1�nds. Borrower and Lender muy agree in writing.however,that interest shall be paid on the Funds. Lender
<br />'..._.� shall give to Bortower,without charge,an annual accounting of the Ftmds.showing credia and debits to the Funds and the
<br /> pwpose for which each debit to the Funds was made. 1'he Funds aze pledged as additional security for all sums secured by
<br /> thic Securiry Instrument.
<br /> - — �s— = If tlac �tsnd: hald by I..tnder excetd tlie amounss gesmitttd to be held b; agplicablc law, Lender sha!! accoant to
<br /> �. Bamwer for the excess Funds in accordance with the requirements of applicuble law. If the amount of the Funds held by
<br /> � '•? I..ender at any time is not sufficient to pay the Escrow Items when due,L.ender may so notify Borrower in writing,and,in
<br /> `"r "" such case Borrower shall pay to Lender the amount necessury to make up the deftciency. Borrower shali muke up the
<br />" �'=.'�'r�� deficiency in no more than twelve monthly puymenGs,at Lender's solc discretion.
<br /> ' `�}" ' U a ment in full of all sums secured b this Securit Instrument,Lender shali rom d refund to Bortower an
<br /> � ` �•;,,,:;;. P�P Y Y Y P F Y Y
<br /> _ �Y�, �� Funds held by Lender. if,under paragraph 21,i.ender shall acquim or seli the P�aperty,Lender,prior to the acquisition or _
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<br /> �`'�s�` � ����� saie of the Property,shall apply any Funds heid by L.ender at the time of acquisition or ssile as a credit aguinst the sums
<br /> w� ,..�-"�'�' secured by this Security Insirument.
<br /> � {:`� ' �� 3. Applicatbn ot Payments. Unles� applicable law provides otherwise, all payments received by Lender under
<br /> -=� •'�'�'''"'r''�''�'' parrgraphs 1 and 2 shall be applied:first,to any pmpaymcnt charges du�under the Note;second,tu amounts pnyable under
<br /> • � �� � - � r. paragraph 2;third,to interest due;fourth,to principal due;and last,to any lute chargcs due unde�the Note.
<br />. ' '.�t. 4. Charges; Liens. Bomower shali pay all taxes, assessments, churges, f►nes :u�d impositions attributable to thc
<br />' � �''+�'z'••' ' '' Pnoperty which may attain priority over this Security Instrument,and leasehold paymentti or ground mnts,if any. Borrower
<br /> ��� ���`` �`` ' � shall a these obli ations in the manner rovided in ara ra h 2,or if not aid in that manner,Borrower shall a them on
<br /> y�,. . P Y S' P P S P P P Y
<br /> , „. time directly to the person owed paymcnt. Barrowcr shall promptly furnish to Lendcr all notires of amounts to be paid under
<br /> ����.w��by'_ this paragraph. If Borrower makes the�e pnymrnrc d�rectly.Borro�ver shall promptly turrtislt to Lender meipts e�idencing -
<br /> :"�.c .` � the payments.
<br /> =Y<: :�5::••'•� 8orrower shall promptly discharge any licn which hax priority over this Securiry lnstrument unless Bonower.(a)agrees =
<br /> i;:�R';. �.� F. in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender,(b)contests in gax!faith the `
<br /> . �r- �i�.�, lien by.or defends against enforcement of the lien in,legal proccedings which in the Lender's opinion operate to prevent the
<br /> ��+ �" '����: enforcement of the lien;or(c)secures from the holder of thc lien dn agreement satisfactory to Lender subordinating the lien —
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<br /> �.s,.s to this Securiry Instrument. If Lender determincs that any part of the Property ir subjcct to a lien which may attain priority �.
<br /> _- +�'� over this Security Tnsirument,Lender may give Bortower a notice identifying the lien. Borrower shall satisfy the lien or take °
<br /> '�� one or more of the actions set forth abovc within 10 days af the giving of notice.
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<br /> _ --°-�;- 5. Ha�rd or Property Insuranca Borrower shall keep the improvements now existing or her�eafter erected on the
<br /> ;,4,,,,;:,'�'� Property insured against loss by fire,hazards included within the term"extended coverage"and any other haz3rds,including
<br /> floods or flaoding. for wbich L.ender requires insurance. This insurance shull be maintained in the amounts and for the
<br /> ; . Faa 102i 9N0 r/wRe 2 oje pagrs)
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