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<br /> TO(lBTHER W ITH all ihc improvcments naw or hemafter erected on the prc�peny,and wll e�scments,eppurtenances,
<br /> �nd fixtures now or hercafter a piut af the ptopcny. Ail rcpircements s�nd Wdidanx shap�l�be covercd by this Secu�ty
<br /> -- Instrument. All of the fa+egoing is rcfemed ro in this Security lnucument a�ihe"Propeny."
<br /> BORROWER COVENANl'S that iiorrower is lawfully sciscd of the estatc hcrcby canveyed nnd h�s thc r�ght to grant
<br /> and canvey It�e Property s►nd that the Propeny is unencumbered.except fa�encumbranccs of record. Bcxmwer wursntr snd
<br /> will defend generally the t�tle to the Property�Rainu�Il cluims and demends,subject to any encumbrpnces of rccord. �
<br /> = TH[S SECURITY IhIS'IRUMENT combines unifam covenAnic for natiawl uso and non•unifortn covaunts with
<br /> �"•'` ' limited wuiatioos by juricdiction w constitute a unifomt security insuvmeat cove�ing roal property.
<br /> �- ---- ---�
<br /> '� UNIFORM COVENANTS. Barrowcr and Lender covenAnt and agrce�s follows: —
<br /> --- — l. P�yment of Principal�nd IateresN,Prepayment�nd Ls�te Chary�es. Barawer shaQ pramptly pay whcn due the
<br /> i - pdncipai of and intercst on the debt evidcncod b,y ihe Note and any prepuyment and late chuges due under tha Notc.
<br /> - - 2. Ftirtds tor'Iyzes�ad tawrnace. Subject to�pplicablo luw cx to a writtcn wuiver by Lender,Bo�rower shull pay to
<br /> �"'° Lender on the day monthly payments are due under the Note,until thc Note is paid in fuil,a sum("Funds")for.(a)yearly
<br /> — ° taxes eind assessments which may attain priority over thts Security Instrument as a lien an the Property;(b)yearly Ieasehold
<br /> � payments or ground cents on the Pcoperty, if any: (c) yearly hazard or prc�erty intiurance premiums; (d) yeul y flaad —..
<br /> insur�nce prcmiums, if ar�y;(e)yearly mongage insurnnce pnmiums, if any; und(� any sums puyabls by Bomower to
<br /> Lender,in accordance with the provisions of pazagraph 8,in lieu of the payment of matgage insurance premiums. These
<br /> — items arc cailed"Escrow Items." Lender may,at any time,collect and hald Funds in an amount nat to exceed the maximum
<br /> amount a lender fw a fedecatly related mortgage laan may require for Borroweck escrow account under the federal Real
<br /> -- Estate Settlement Procedures Act of 1974 as unendeA fmm timc+to time:, 17.t I.S.('.§2[�1 et seq.l"RESPA"l,unless an�xher �
<br /> . law that applies to the Ponds sets a lesscr amount. If so,i.ender may,at any time,collect and hold Funds in an amount not to
<br /> exceed the lesser amaunt. Lender may estimsue the nmount of Funds duB on tNe basis of current �iata and masonabk
<br /> ^ �.�°�. estimates of expenditures of futurc Escrow ltems or aherwise in ac:curclunce with appiicable law. -
<br /> The F�nds shall bc t�eld in an institution whase depasits are insured by a federal agency. insaumentality,or entiiy
<br /> •`� � (including Lender,if Lender is such an institution)or in any Federal Home Loan Bank. Lender shall apply the Funds to pay
<br /> ,;t•;,•- the Escrow Items. Lender may not churge Boaower for halding and applying the Fl�nds,annually analyzing the escrow
<br /> , � y �;� account.or verifying the Escrow Items, uniess Le�der pays Borrower interest on the Funds and applicable law permits
<br /> �•r- �
<br /> Y Lender to make such a charge. However.Lender muy requic+e Borrower to pny a one-time charse for an independcnt real
<br /> � �" � estate tax re rtin service used b Lender in connectian with this loan,unless a licnble law avides otherwise. Unless an
<br /> �R�,t�?.q� P� 8 Y PP Pr
<br /> ��'-�-; agreement is made or applicablc law requircs interest to be paid,I.ender shall not be requircd to pay Borrower any interest or
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<br /> �,.��;r camings on the Funds. Borrower and Lender may agree in writing,however,thut intcrest shall be paid on the Funds. Lendcr
<br /> - �.�� ',;.;r;;,:. shall give to Barrower,without charge,an annu�i accounting of the Funds,showing credits and debitF to the Funds and the -
<br /> ,...:- ,:.._ ;_.
<br /> =� .•:-r,•tn purpose for which each debit to the Funds was made. The FLnds are pledged as additional security for alt sums secured by �
<br /> ° r��_•, �., this Securiry Insuument.
<br /> '�` a���wi_ If the Funds hald by I.ender exceed the amounts pertnitted to bc held by upplicable law. Lender shaU �ccount to
<br /> "•"•''�� ` �'��.�X Bwsower for the excess Funds in accordance with the requirements of applicable law. If the amount ot the h�unds held by
<br /> %c"�;,'."���'` '"� Lender at any time is not sufficient to pay the Escrow ltems when due, L.ender may w notify Botrower in writing,and, in
<br /> � such case Borrower shall p a y to LendPr thr amoi�nt necessary to makc up the deficiency. Borrower shall malce up the ���'"
<br /> . �'�' ;��,_ �, deficiency in no more than twetve monthly paymenis,at l.ender's wle discretion. _
<br /> • Upon payment in fuli of aU sums secured by this Security Inswment,Lender shall promptiy refund ta Barower a»y
<br /> ` ' Funds held by Lender. If,under paragraph 21,Lender shall ncyuire or Se111he Property,Lender,prior to the acquisition or �
<br /> . ;?+�:�'�:�«�-� sale af the Property, shw►I appty any Funds held by Lender at tho time of�cquisition or sale as a credit a$ainst the sums �Y-y
<br /> • � • • �� -- • - secured by this Security Instrument.
<br /> •�• 3. Applkatbn of Pay�nents. Unless applicable law providec otherwitie, all payments roceived by Ixnder under �'�
<br /> = �,-'��- t .v�-�:- ` paragraphs I and 2 shall be applied:first,to any prepayment charges due und�r the Note:second,to umounts payable under �
<br /> � '� � � � paragraph 2:third,to inkrest due;founh,to principal due;and laxt,to uny late churges due under the Note.
<br /> i% � � � ' 4. Char�es; Lims. Bortower shaU pay al! taxes, assessments, charges, fines and impc�sitions attdbutable to the —
<br /> ' . . > Property which may att�in priority ovcr this Security Instrument,and lcasehutd p•ryments or ground rents,if any. Sonower -•
<br /> " � • shall pay these obligatians in the manner provided in paragraph 2,or if not paid in that manner,Borrower shail pay them on "-
<br /> � - time directly to the person owed payment. Borrower shall promptly fumish to Lender all nntices of amounts to be paid under �'�` ��
<br /> �•'�"�' this paragraph. If Bortower makes these puyments directly.Borrower shall promptly fumish ro Lender receipts¢videnci�g C.�
<br /> � �;�� the payments. �,,���
<br /> .;�,';'� ,, Borrower shall promptly discharge any lien which h�s priority over this Security Instrument unless Borrower.(a)agrees '---
<br /> t��•� •,;,, ,�• �' in writing to the payment of the d+ligation secured by the tien in a mannar acceptuble to Lender,(b)contests in good faith the ---
<br /> - ''°�'��`���� �� • lien by,or defends against enforcement of the lien in,legal proceedings which in the i.ender's opinion operate to prevent the
<br /> ~ v� .+ . enforcement of the lien;or(c)secures from the holder of the lien•rn ugrecnxnt sati�fartory to Lcnder subordinating the lien � `-
<br /> � ,, ... �-;
<br /> � '�•L- � to this Sxuriry Instrument. If Lender determines that any part of the Propeny is subject to a lien which may attain prioriry �.__'
<br />`:;,,., -:'. . over this Security Instrument,Lender may give Borrower a notice identifying ttx:lien. Borrower sh�U satisfy the lien or take
<br /> ~t. � one or more of the nctions set forth abovc within i0 days of the giving of noticr. _.-
<br /> {� `°' ��°��• :' S. Hazard or Property Insurance. Bortowcr shall kecp the improvements now existing or hereaftcr erected on[he �:�;
<br /> �'••'.`� �'�' `''�`�4", Pro rt insured a ainst loss b fire,hazards included within the term"extenJed rnvera e'and an other bazards,includin '`_
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<br /> ,��s,�x,: floods or flooding, for which Lender requires insurance. '[his insurunce shnll be maintained in the amounts and for the ��.
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