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<br /> - _ -- - TL�E'i�ii3it�'YtTit ait thc {mprovcssmnt.r•nnw ar fierrufter rrcctcd�+n �hc prc,�eny.and ull ce�cments.appurtenancc+. _ _
<br /> and fixturea now cx h�reafter a part of thc pmperty. AU rcplacement+und additi��nx�h�ll ulso bc covcrcd by this Security
<br /> Inxuument. All of the foregoin�is rcfecrcd ta in thiti Sccurfry Instrun�rnt as thc"Propeny."
<br /> _-_- - � aORRUWER C�JVBNANTS that Bocrower is luwfully �eiscd af the estute henrby conveyed:ind haz the rlght to grunt -.
<br /> -° - ---- and convey the Ptaperty and that the Propeny iz unencumbered,except for encumbrunces of record. 8unower wurr:►nts and
<br /> ,,_;,� - wfll defend genecally the tiqe to the Property against all cl�tm�and demands.subject to any encumbrances of ruord. �
<br /> .�� 7'HIS SECURI7'Y INSTRLIMENT wmbines unlfami covcnants for national u�e and ncx�-uniform covenunts with
<br /> °�� limited variatfona by jurisdiction ro constitute u unifurtn recurity instrumcnt covcring reul propeny.
<br /> -- ---- UNIFORM COVENANTS. Borrowcr and L.ender cavcnant and agrce a�fallows:
<br />- 1. P�ymtnt of Pr(ncipal aad Interest;Prepayment aad I.ate Cherges. Borrower shall promptly pay when duc thc --_
<br /> �:�9��_�, principal of and interest cH►the debt evidenced by the Nate and any prepayment and late charges due under the Note. _
<br /> -'����+�� 2. Funds for 7hxes and Insurance. Subject to applicable luw or to n written waiver by Lender,Horrower shali pay to �_
<br /> Y�n_s���� l.ender on the day monthly payments nre due under the Note,until the Notc is p•rid in fuU,a sum C'Fund.s">for.(a)yearly
<br /> -- taxes and assessments which may attain priority over this Sccurity lnstrument az A lien on the PrapeAy:(b3 ycarly Icasehald �-_
<br />'�°`�'�`="� payments ar ground r�ents on the Property, if any: (c) yearly hazurd or property insurance premiums; (d) yearly flood
<br /> Insurance premiums, if uny; (e) yearly mongage insurance premiums, if any: und (f1 uny �ums payable by Borrower to �
<br /> _...-„�- Lender,in accordance wlth the provisions of paraga+ph 8,in lieu of the payment of mortgage insuranre pmmiums. These ��,
<br /> items are called"Escrow Items.' Lender muy,at any time,copect and hold Funds in an amount not to exceed the maximum ��,,
<br /> � ---- —� amount a Iender tor a tederatiy reiated mortguge tuao muy ►cauir,far t3onnwcr's c�craK�account undcr the federal Rea! �
<br /> J� EstAtc Settlement Procedures Act of 1974 as amended from time to timc,l2 U.S.C.§2b01 er seq.("RBSPA"),untess another
<br /> law that applies tn the Funds sets n lescer amount. If so.Lender may,at any time.collect and hold Funds in an amount not to �
<br /> � ��Y��% exceed the lesser amount. Lender may estimate the amount of Funds due on the basis of curmnt data and reasonable �
<br /> � estimates of expenditures af future Escrow Items or otherwise in acwrdanee with applicable luw. �
<br /> ;��,,, •{•"'�•� The Fvnds shall be held in an institution whose deposits are insurcd by a fedcrul agcncy, instrumentality. or entity -
<br /> ' M�" • (tncluding Lcnder,if Lender is such an institution)or in uny Fcderal Home Loan Bank. Lendcr shall apply the Fands to pay �;�_
<br /> • �, � . .,, the Escrow Items. l.ender may not charge Bo►YOwer for holding and applying the Funds,unnuully analyzing ihe escrow ----
<br /> :' �• account,or verifyeng the E.crow [tems, unless Lender pays Borrower inicrest on the Funds:md applicablc luw permits __
<br /> Lender W make such a charge. However,Lender may requirc Borruwer ta pay a one-time charge for an independent real �
<br /> . eswte tax reporting service used by l.ender in connection with this loon,unless applics►ble law provides otherwise. Unless an
<br /> agreement Is made or applicable taw requires interest to bc paid,Lendcr shall not be required to pay Borrowcr uny inrerest or
<br /> eamings on the Fvnds. Borrower and I.cnder may agree in writing,however,that interest sh�ll be paid on lhe Funds. Lendcr
<br />� .f� •�r.,. shall give to Borrower,without charge,an annual accounting of ttk Funds.showing credits and debits to the Funds and the
<br />_ purpose for whIch each debit to the Funds was mnde. The Funds are pledged as wdditional security for all sums secured by
<br /> -- ,;-�►r., this�ecurtty 2asirumcnt.
<br />• •���.t . �:'•�.�s�. If the Funds held by Lender exceed the amounts permitted to be held by applicable law. Lender shall account to
<br /> jx���.��L%„''=�f-' Borrower for the excess Fu�ds in uccordance with the requinments of applicable law. If the amount of the Funds held by
<br /> z y,,.,�.-.. Lender at xny time is na sufficient ta pay thc Escrow Jtems when due.Lender may so notify Borrowcr in writing,und,in �_,:
<br /> , � s;�'�' such case Borrower shall pay to Lender the amount necessary to make up the deficiency. Borrower shatl make up the -
<br /> "�'���:A'i.+'ir`�!�; deftciency in no more than twtive monthly payments,at Lender's sole dixretion. _
<br /> � -�;�•,�;� Upon payment in full of all sums secured by this Security Instn�ment,Lender shall promptly refund to Borrower any --
<br /> �"' �'` '•� ' Funds held by I.endou If,under parrgraph 21,Lender shall acyuim or sell the Property, Lender,prior to the acquisition or
<br /> �.♦ �fi'3Y;* . .:}: sale of the Property,shall apply nny Funds held by Lender at the time of acquisition or sale as a credit asainst the sums �- -.
<br /> � }'�`� secured by this Security Instrument.
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<br /> - ��.,�,��,�..,:.,;� 3. Applicatbn ot Payments. Unless applicablc law provides othcrwtsc,ull p�yments received by l.ender under ���-
<br /> ' ..�c;; Z- � ,,.;;,.• par�graphs 1 end 2 shall be applied:first,to any prepayment charges duc under the Note; second,to amounts payuble under
<br />'�� "•� ��' �'���� �! paragraph 2;third,to interest duc;fourth,to principal duc:and l;�st,to any latc ch:uges due undcr the Notc.
<br /> ' `•'" 4. Char�es; Liens. Borrowcr shall pay all taxes, asscssments,charges,fincs and impositions attributable to the �'.
<br /> � �'�`LL`"�}'• � Property which may attain priority over this Security Instrument,and Ieaschoid payments or ground mnts,if any. Borrower �_r,
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<br /> , ,�.�. shall pay these obligations in the manner provided in paragraph 2,or if not paid in th:►t manner,Borrower shall pay them on �c
<br /> •• �7�'��' time direrHy t�the percon owed pavment. Borrower shalt promptly furnish to Lendcr all noticcs of amounts to bc paid undcr �
<br /> � ' °•��y`• this paragraph. If Borrower makes these payments direcdy,Borcower sha11 prumptly furnish to Lender receipts evidencing =�
<br /> `��`'' � the payments.
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<br /> , ,,; .r„�,;;,,;'.- Borrower shall promptly discharge any lien which has priority over this Serurit��Instrument unless Borrower:(a)agrees `,,.,.
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<br /> � `"''�{" '�' :� in writing to the payment of the obligation seeured by the lien in a manner ucceptable to Lender.(b>contests in good faith the �•
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<br /> .��� ••��i'�•.�5�»: :_ lien by,or defends against enforcement of the lien in.Iegal p�oceedings which in the Lendery opinion operate to prevent the ;,;-_
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<br /> ,;, � enforcement of the Iten;or(c)secures from the holder of the lien an agreement sati�factory to Lender subordinattng the lien �,,,�
<br /> -- ,�� to this Security Instrument. If Lender determines that any part of the Property ix subject to a lien which may attain priority m-
<br /> _���;�--�- over this Security Insttument.Lender may give Borrower u notice identifying the lien. Botrower shall satisfy the lien or take `_�
<br /> �-•��— "--�:-f"-� one or more of the actions set forth above within 10 days of the giving of notice. r°;_
<br /> = " ;�,_;,,,. 5. Hazard or Property Insurance. Borrower shall kcep thc improvements now existing or hemaftcr erected on the =;___
<br /> "�.-�e�� t Propeny insured against loss by fire,ha�ards included within the tertn"extended coverage"and any other hazards,including � '
<br /> _ - � floods or tlooding. for which Lender reyuires insurance. '[t�is insurance shall be maintained in the amounts and for the ir,�•
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