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<br /> TO[36THFJt WffH dl tMe Improve,menu now oc heraRer ct+ecled oa tbe ptopetty.�rd dl a��.appiutwrroa.and
<br /> fi:tura now or herahJer r p�rt of the propertY. A!I ropi�ca� and addi�loro nlwll diw be oov�nd by this S�a�rity
<br /> Intrument.All oi the for+e�otn�is rcfemed to In thlr 5ocurity Inununa�t�n the'Pnc�pertY.•
<br /> BOP.!lOWPA COV ENANTS tiuK Borrower is lawfitlty�ei�ed o[the auta ber�by aonveyed Ynd b�a the deht m�raat aad
<br /> — px�vey the Propeny md �hu thc lh�operty ii unencumberod. exapt fur encumbrancYa of reconl. 9orrower warrwi aad will �
<br /> defiad�enerally the titk a the PnopeRy a��inst dt ct�inu and derwrds. wbjact w any etttrtmbrancer of rocord.
<br /> TH1S SECURITY INSTRUMENT combina uniform covena�ur fcx natjon�l u�e and non•uNform covqwNS with limitq{I
<br /> _ ___ rrririiuw by juridicyiott w conct3hue a unifonn seourlty inuntmert�oovcrinY��«t p..rNc.�iy.
<br /> UNIFORM COVENANTS. Borrower ond Lende�coven�nc and yree+�s foliows:
<br /> -- --.--� I. P�yrneat ot H'iNCl�l aed lntere�ti PrYp�Ymmt �ud LsNe CbwYwi. Baruwer alwll prcwiptlY P+Y whu� duo W�i .
<br /> - principl oi and interest on the debt evidenoed by the Nae ond anY P�+Y�� late chvga due under thc Note.
<br /> 2.l���dt tor Tuces and Ina�rance.Subjxt to applicable law or to a written waiver by Lender. Borrower rhall pay w
<br /> l.er�dcr on the day moiNhlY poYments arc due under the Note.until the Note is p�id in fuil.�sum("Funds'1 for:(n)Y��Y�
<br /> md ascessrtients which may attiin priodry over this Security lnrtrument as r lien on the Propetty;(b)yuuly les�sehold paymentt
<br /> or ground rcius on the Praperty.jf any:(c).Yuuly lu�rd or propeny insunnce premiwns�(d1 Yearly flood insurance premiu�µ.
<br /> if any;(e)yarty m�xtgs�ge inwrance pcemiums, if any;uxl(�w�y eunu W+Yab�e bY Borrowe�to Lender. in xcordance with
<br /> the ptovision;of parn�r�ph 8.in lieu of the payment of mortgage insur�r�a prcmiums. 'fl�ese items are callod"Escrow Itemc.' .
<br /> L.ender nuy. at any time,collxt and hold Funds in an anw�nt not to r,xceed thc maximum urtiount a lender for a fodc�lly
<br /> related rrwrtgage Ioan inxy rcquin for Borrower's escrow xccwnt urder the federal Real Estate Settlement Procodures Act of
<br /> 1974 rt amended from time to time, 12 U.S.C.Soction 2601 �t sry.l"RESPA'), unless atwtt�er law tl�t applies to the Fund�
<br /> sets a ksser airwunt.lf so, i.ender rnay. at any time, collect and hold Funds in an runount not to exoeed the lesser�qnt.
<br /> _ ._ _ ._- (.ender roay escimote ihe a►ncwnt of Funds due on the basis of cucrent drua and raiwt�ble estim�tes of expenditures of futun
<br /> Fscrow Itcros or othenvise in accordance whh applicable law.
<br /> 'Ibe Funds shall be held in an institution whose deposits arc insurc�d by a federal agency, instrumenwlity, or entiry
<br /> (including Lerder,if Lender is such an institution)or in any Federal Home Loan Banlc. Lendor s6a11 apply the Funds to pay the
<br /> Escrow Items.I.ender may noc charge Borrower for hoiding and applyin�the Funds,annuaUy analyzing the escrow account.or
<br /> ve�ifying the Escrow Items,unless Lende�pays Borrower interest on tMe Funds and applicable law permits Lender to malc�such
<br /> a charge. However. Lender�nay require Borrower to pay a one-time charge for an independent real estate tax reporting Fervice
<br /> used by I.ender in connection with this loan. unless applicable law providcs otherwise. Unless an agreement is rnad�e ar
<br /> applic�ble law requins interest to be paid,l.ender shall not be required to pay Borrower any interest or earnings c,i tho Funds.
<br /> Bormwer and L.ender may agrce in writing, however, that interest sh�ll be paid on the Funds. L.ender shell give to Bonrawer.
<br /> without ch�tge, nn annual attrounting of the Funds, showing credits and debits to the Funds and the purpc�se for which each
<br /> -� debit to the Funds wat made. The Funds are pkdged as udditional security for all sums serured by this Security Instrument.
<br /> If the Funds held by Lendes exceed the amounts permitted to be held by appticobte Inw. l,e�tider shalt account tn tsorrower
<br /> -�--"��� for the exccss Funds in accordanee with the mquirements of upplicable law. !f the amount of the Funds held by L.endcr at any
<br /> ��� time is not sufticient to pay the F.scrow Items when due,l.ender may w notify Borrower�n writing,and,in such case Horrawer
<br /> s1w11 p�y to L,ender the amount necessary to make up the deficiency.Borrower shall rrwlce up the deticiency in no mnre tiwrt
<br /> twe{ve monthly payments,at L.ender's wle discretian.
<br /> ' Upon payment in full of all surr�.s secured by thic Security Inurument, l.ender shall pramptly refund to Bonrawer uny
<br /> Fw�ds held by I.ender.if,under p:vagraph 21,Lendcr shall acquirc or sell thc Property. I.endcr, prior to the acquisitiun or wle
<br /> of the Property,shail apply any Funds held by Lernier at the time of acquisition ar ule a�a credit ugbinst the sumc securcd by
<br /> •�*•°� . •°. this Sccurity Instrument.
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<br /> • w� 3.Application at Paymen�s.Unlcss•rpplicable law providc+otherwise, all payn�ent�rc�:eived by l.ender under paragraphs
<br /> .� ��'-_•. • 1 and 2 sM�ll be�ppliod: fir�t,to any prepaymcnt chargcs duc under�he Notc;ur�md, to amuunts payable undcr pumgrrph�;
<br /> �,.,.:,��.•.:
<br /> ��,�,,r�„�;:, , third,to intercst due;fourth,to principal due:und la.tit,ro sny late ctwrgeti due unJ<r the Notr.
<br /> , y^ �'..+,«.. 4,Clt�rges;l.ieos.Borrower xhall p:►y:�11 taxes.asses�ment+. churgcti, finc� ar�i impr�sitions attributable to tho Property
<br /> ..fi ';..''F'�fi:� which may attain priority over this Security Instrumcnt, and lea.tiei�old payrnents or grounJ nnt�, if any. Borr��wcr �hall pay
<br /> � �<�:.:;�;,;. these obli$ations in the n�anner provided in paragraph 2,or if not puid in that manncr,Borruwcr shall pay them on time directly
<br /> ,: `�� to the rson owed ment. Borrower shaU rom I furni�b to Lerxicr all notices uf amuunt�to lx sid undcr thiH ara ra
<br /> �� .�::... pe WY p P�Y P' P' B Ph•
<br /> '�`°"O��;'•<`�:�;�'' If Borrower maL•es these p•eyments directiy.Borrower sh•rll pmmptly furnish to I.endcr recciptti eviJenring the puymencs.
<br /> "�='-'- Borrower sha)l promptly diu:harge any lien which h:i.�priority��ver thi.Security 1n+trunxnt unlcsx Borrower. (a);�grce5 in
<br /> �-��7;� writing to the payment of the obligation securcd by the lien in•r manncr acceptahle to LenJcr:�b)cuntests in gaxl faith tho lie4
<br /> ��'�� by. or deknds s�sinu enforcement of the lien in, Iegal prexe�Yiing� which in the I..�ixlrr'. opinit�n uper.ite w prcv�nc tha
<br /> - -=-s�=a� enforamcnt of the lien: or(c)�ecures from the huldcr of the {ien•rn aKrccnknt tiatist;ictnry to Lcncicr xubo�dinuting tha lien to
<br /> . '�`�`i this Securit Instrurnent_ If Lender determincs that an rrt uf the Pru n is,ub'rrt to a ticn whirh m;►
<br /> y Y P" Pe Y J Y :ittuin pri�ri[y aver
<br /> Ihis Socurity InsUUrttent. Lender mty give Horrowcr a n��tice iJentifying th� licu. E3�ttmwer.hall wti�fy thr licu nr t�otw or
<br /> �-� mo�+e of th:xtiotts set forth zbove within IU days of the giving of notKe.
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