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<br /> — - --___� TO(iETHER WI'ffi nll the improvementa now or lie��fter erccted aa the propeny.�nd all esremenu,appuru�wue�,
<br /> rnd fixtuoes now or hereafter n put af the propeRy. All rcplecemenu und additionr siull��0 6e cova+ed by U�Sxurity
<br /> Ituttumcnt. All of the foregoing is roferred to in this Security lnstrument as the"Propeny«
<br /> BORROWER COVENAM'S that Borrawer ia lawfully�seited of thc esute hercby conveyed and lus thr ripht w�mnt
<br /> and convey the Property and that the Property is unencumbered.except for encumbruues of recad. Bcxrowar wurmq�nd
<br /> will defend�ener�ily the title to the Propecty��ai�st all cidmr and dernands,subject to Lty encumbrancea of record.
<br /> TH1S SECURITY INSTRUMENT combines uniform covenanta for �u�tioml use and non-uniform coverwus with
<br /> -- --- limitod vadations by jurisdiction w constitute a unifarm cecudty instrumtnt covering neal propecty.
<br /> UNIFORM COVENANTS. Bomawer and l.cnder covenAnt and agrce xs follows:
<br /> 1. P�yment ot Principal and Interest;Prepayment and Late Chxr�a. Borrower shall promptly p�y when due the
<br /> - — principal of and interest on the debt evidenced by the Note and any prepayment and lote charges due under the Note.
<br /> 2. F'unds tor'lyxes aad Iawnnce. Subject to applicable law or to a written waiver by l.ender.Borrowcr shall pay to
<br /> --- Lender on the day monthly payments arc due undcr the Note,untit thc Note is p�id jn full,a sum("Funds")for.(a)yeariy
<br /> taxes and assessments whiGh may attain prioriry over this Security Inctrument a.�a Ifen on the Propeny;(b)yearly leasehold
<br /> pnyments nr gnnund rents on the Property, if any; (c) yearly hazard ar property insurance pc�emiums; (d) yeuly flood
<br /> insurance prcmiums, if any; (e)ycarly mortgagc insurancc prcmiums,if any; and (�any sums pAyable by Borrower to
<br /> Lender.in accordance wtth the provisions of paragraph 8, in lieu of the payment of rnoRgage insurrnce prcmiums. These
<br /> items are called"Escrow Items." Lender may.at any time,coUect and hold�Lnds in an amount not to exceed the m�ximum
<br />---- -------- -----� amount a lendcr for a feder�lly related mortgage loan may teq��isr fc+t Borrower's escmw a��m�nt unAer t}� fecle�I Real
<br /> Fstate Senlement Proccdures Act of 1974 as amended from timc to time,l2 U,S.C.$2601 et scq.("RESPA").untess another
<br /> law that applies ro the Plinds sets a Iesser amonnL li so,Lender may.at any time.collect and hold Funds in an amount not to
<br /> r�; �xceed the Ie�sser wnount. [.ender may estimate the amount of�nds due on the basis of cunent date and reasonabte
<br /> estima�s of expenditures of future Escmw Items or otherwise in accordance with applicable law.
<br /> The Funds shall be held in an institution whose deposits are insured by a federat agency, instcumentality, or entity
<br /> (including Lender,if Lender is such an Institution)or in any Federal Home Loan Bank. Lender shall apply the Ftinds to pay
<br /> - the Escrow Items. I.ender may not charge Borcower for holding and applying the F�nds,annually analyztng the escrow
<br /> eccount,or vertfying the Escrow Items, unless L.ender pays Borrower intercst on the Funds and applicable law permits
<br /> ,�� I.ender to make such a charge. However,I.ender may requite Botrower to pzy a one-time charge for an independent real
<br />" eswte tax reporttng service used by Lender in connextion with this loan,unless opplicable law provldes aherwise. Unless an
<br /> agrxmcnc is made or applicable iaw requires interest to be paid,Gender studl not be required to pAy Borrower any interest or
<br /> eamings on the Ponds. Borrower and Lender may agrec in wdting,howevcr.that interest shell be paid on[he Funds. Lender
<br /> shall give to Borrower,wlthout charge,an annual accounting of the Ftmds,siawing credits and debits to the Funds and the
<br /> _ purpose for which each debit to the Funds was made. The FLnds are pledged as additional secudty for all sums secured by
<br /> _ this Security Insuument.
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<br /> 'ly�,�1`��.�' If the PUnds heid by I.ender exceed the amounts permitted to be held by wpplicable law. Lender shall account to --
<br /> - ,j�°'''�'''��'•°��'Y � Borrower for the excess Funds in accordance wlth the regulrements of�pplicable law. If the amount of the Ftmds held by
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<br /> •it;,,T.� �.,.�.. . Lender at Any time is�ot sufftcient to pay the Escrow Items when due,Lender may so notify Borrower in writing.and,in
<br /> '�� �li;,�;�;.:>.::., such case Borrower shall pay to Lender the amount necessury to make up the deficiency. Borrower shall m�ke up the
<br /> x'�N�.•'��ti��°�-:'• ,^^,� deficiency in no more than twelve monthly payments,at I.ender's sale discretion.
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<br /> ������S./��� �' •�-� Upon payment in full of all sums secured by this Security Instrument, Lender shaq promptly refund to Horrower any
<br /> �'`"�' �'� �'°� Funds held b L.ender. !f,under ara ra h 21.Lendcr shall ac mre or scll thc rt L.endcr, nor to the ac u�su�on or
<br /> � , 'r;,:•';. .,, , Y P 8 P 9 � �Pe Y• P. 4 . .
<br /> :;•;;,y..��_;Kj;;��Y. sale of the Property, shall apply any Funds held by L.ender at the time of ucquisition or sule ac a credit against the sums
<br /> •,=-i•��. secured by this Security Instrument.
<br /> - �.=:•�:.�.. . 3. Applicatbn of Payments. Unlcss applicublc Iaw provides othcrwisc,all payments received by Lcnder under
<br /> = -- • °� y~-^-� parngraphs I and 2 shall be applied:first,to any prepayment churges due under the Note;second,to amounts payable under
<br /> — J.�,,Y"�,r ""' paragraph 2;third,to interest due;fourth,to principal due:and last,to any late charges due under the Note.
<br /> ' '`��� `�'��' . ` 4. Charges; Liens. Borrower shall pay all taxes, assessments,charges, fincs and impositions attributablc to the
<br /> - �� �•• . � PropeRy which may attain priority over this Security Insirument,and Icasehold payments or ground rents,if anp, Bonower
<br /> .=,.� : -: ;�� shall pay these obligations in the munnc�provided in paragraph 2,or if not paid in IBat manner.Borrower shap pay them on
<br /> -c•� .� �� �% time direcdy to the person owed payment. Bortower shuli promptly furnish to Lender all naices of amounts to be p�id under
<br /> i .-�-. " this paragraph. If Barrowe�makes these payments directly,Borrower sh�ll promptly fumish to Lender receipts evidencing
<br /> `,"'' thc payments.
<br /> ' ' Borrower shall promptly discharge any licn which hux priority over this Security lnstrument unless Borrower.(a)agrees
<br /> •-�•�r" in writing to the payment of the obligation secured by the lien in a manner aceeptable to Lender,(b)contests in good faith the
<br /> - lien by.or defends against enforcement of the lien in,legal proceedings whicn in the Lender's opinion operate to prevent the _
<br /> �' �:• �- � enforcement of the lien;or(c)secures from the holder of the lien un ugreement s�tisfactory to Lender subordinating the lien
<br /> ' �`" ...r�, to this Sxurity Instrument. If Lender determines that any part of the Propeny is subject to a lien which may attain priority
<br /> _ ,. over thts Secudty lnstrument,Lender may give 8orrower a notice identifying the lien. Borrower shall satisfy the lien or tuke
<br /> .' one or more af the actions set forth above within 10 dayx of the giving of notice.
<br /> ,�� .•'. .e,, 5. Hazard or Property Insurance. Borrower shall kecp the improvements now existing or hercafter erected on the -
<br />__ Property insurcd against loss by fire,hazards included within the term"extended coverage"and any atfier hazards,including
<br /> _ • floods or flooding, for which L.ender mquires insurance. This insurance shall be maintained in the amounts and for the
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