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<br /> � TO(3EI'HER WITH all the impravements now or hercafter erectM an�I►c propeny,and wll easements,apputtenonce�,
<br /> pnd fixtures now or hetexfter a part of the property. All�eplacemema u�d acWitic►nx FhAl1�Plcp be covered by thlQ Security
<br /> _�� -- Inswmen�. All of'the foregoing is refemed ta in thia Security Insaumem r�thc"Propetty."
<br /> p��i�_�.�� BORROWER COVENANTS thot Borrowcr is lawfully sciced oP Ihe estatc hcn:by canv�ye,d N1d hRs thc right tu grant
<br /> _--------_— and convey thc rty and lhut Ihc PropeRy is unencumbered,except for cncumbttlnc�'�oF nx'ard. s�mnwcr warr�nu�ond
<br /> • ...�.��
<br /> _ -----— will defend general y tho Gtle to thc PropeAy against all cl�ims und demands,sul�ict tq xt►y ertCUttlhmncrti Qf�►'NOOM.
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<br /> ._._�:______.____ _. _.--� THIS SECURITY INSTRUMENT combines uniform covenantw fcx nutinnal usa suld��n•unifmql��y�� �'�h
<br /> - - � limited varfations by judsdiction to constilute a unifam security instrument covering raal piqpghy r
<br /> � __��� UNIFORM COVBNANTS. Borrower and Lende�covenont ond agree w fallnwx:
<br /> �-,,:. � when duc the
<br /> 1. ��pKp�p���I ppd Iq1C�;Prepayment and Late Charges. Bcirmw�r nhall pmmpil� paY
<br /> —=�:^_.� principa1 of und interest on the debt evidenced by the Note and uny prepaymrnt and latp chargos duo undar th�Nnw•
<br /> ..,,�,_'�e.• 2. Fbads�or'Cyxes and Irisurancr. Subject to applicable law or to a wriltan w�ivar by Lcnden'�.Hnrr�nH'w��All pay to
<br /> •��:lt,�." Lender on the day monthly payments are due undcr the Notc,unlil the NQIe is p�id M full,a dum.("Rundsp)frnr.(a1 yeurly
<br /> - — taxes and ussessments which muy atuiin prioriry over this Securiq�Insqument ns a lipn an th�Prapeny:(bl,yeuly leasehold ____
<br /> �, � � puyments or gmund rents on the Property. if nny; (c) yearlY huard,ar property insumnae p�rniums: ldl yearly flood
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<br /> �`m�,`�`� insu�ance iums. if an • (e) yearl mon u e insurance r+emlumc, iL an� and In wi)' sum} yrt�la by Borrower to
<br /> -- ��.-,�_;� � Y• Y � B p ); Pg iums. These _
<br /> ^ -_A� Lender.in accordance with 1he provisions of paragraph 8.in Ifeu of the paymcnt.af mart�age insut'►utce prem' _
<br /> `�=`�"-�'� items are called"Escr�nw items." Lender may,at�ny time,collect and hoid Funds in an�►maunt�nal,t�exceed the mnaimum
<br /> amount a lender for a federuUy related mongage loan may require for Borrower's escrow•aaeount•under the iederal Repl
<br /> _-- �M�-:�� �state Senlement.Procedures Act of 1974 ua cunendad from time to time. 12 U.S.C.�26[II et rrr/ ('RESPA").unless another
<br /> - -"- law�hat applies to lhe PUnds sets u lesser swnount. If so.Lender muy,ut any time.co11ec1 and hald Funds in on umount not to
<br /> � ����•�:;• � exceed the lesser omount. l.ender may estimate the amount uP Fwnis dud on the b�sis of cuncnl duta and teasoneble �
<br /> =--=r*� ;,;.� estimates of expenditures of future Escrow I�emx or otharwise ln accordance wilh appficahle law. �_
<br /> T�a� �` •r, . 71�e Funds shall be held in an insrilutian whose deposi4g are fnsumd by n fedenl agency,instrumemulity, or entity
<br /> �- 1'��"�-��=� lincluding Lender.if l.ender is such an insfimtian)ar i�nny Feder,il Home Lcwn Bcink. L.cnder shall apply the Funds to pny
<br /> s��,�.'�" � ,"��° the Escrow Items. L.ender mny not cfiarge Borrower for holding and applying ihe Funds,annunlly unalyxing ihe e�crow —
<br />— ,;:�;\, account, or �erifying lhc F.scrow Items,unless L.ender pays Borrower interest on the Funds and applicable law permi�s
<br /> �:�±,'�,�,:'��`•�' •.•i�� L.ender to make such a charge. Howcver,L.endcr may requirc Borrower to pay a one-lime chsuge for an independent reAl �_
<br /> _. _ r�:,;;°,� --
<br /> ,�;�.r�;�r� R.1' � estate tax reponing service used by i.ender In connection with this loan,unleas applicuble law provides otherwise. Unless an
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<br /> . . .•� agreement i�made or applicable Iaw requires interesi to be paid,Lender shnll not be requircd to pay Borrower any interest or i ti
<br /> !���,�• � �`<?;`:� ewnings on the Funds. Borrowcr und Lender mny agree in writing,however,that imerest shull be puid on the Funds. Lender _
<br /> �'`` shall ive to Borrower,without charge,an annual accounting of Ihe Funds,xhowing creditr�and debits to Ihe Funds and the
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<br /> --__ < < pu�pose for wP�ich each debi�to the Funds was made. The Funds are pledged as additional securily for ull sums secured by
<br /> . "'�"-;'.:� IhisSecurity Inspument.
<br /> 4V;;y
<br /> ����,,'��.��' :��'� If the FLnds heW by l.ender exceed the amounts permitted to be held by appltenble luw. [.ender shuii accoun� lu �
<br /> _-_-�-�-�'-.*�-��..., go�rower for the excess Funds in accordnnce with the reyuirements of applicable law. If the nmount of the Funds hald by �
<br /> —'�".'�''��'���._'�''•'. Lender at any time is not sufficient to puy the Escrow 1[ems when due, I.ender mAy so�otify Romower in writing,and,in -
<br />""� ��� ���'''�''• such case Borrower shnll pay to Lender the umount necessary to mnke up the deficiency. Borrower shall moke up �he
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<br /> -- • , de�ciency in na mor+e thun twelve monthly puymen�w,ut Lender's sole di�cretion.
<br />--�.• �� �� Upon payment in full of all sums xecurcd by ihiti Security Instrumen4 Lender shall promptly r+efund to Borcower uny =__
<br />'_=:�'• �`�'��'�' �""�`'�' � Funds held by Lender. lf,under pumgrnph 21,Lemler shull ucyuire or seU the Property,Lender,prior to the acquisition or
<br /> °`y •�`'�^'�' ;���k sale of the Property. shall apply nny Fundx held by L.ender at Ihe time of'sucquisition or sala as u credit ugainst the sums �=�i'
<br /> �� ;��k'�is�,rt�.: secured by this Security Inslnimcnt. "'-
<br /> ~•'� �"'`••�� 3. Appllcalbn of Paymente. Unle.s applicublc luw provides otherwise, ull puymunts received by Lender under e'.-=
<br />• "�'1 ^ ' ara rn hs 1 und 2 shull be a lied:fi�t.to an m a mcnt cl�ur eti due under thc Note:xecond,to amounls paya6le undcr s
<br /> P B P pP YP P'Y F •�
<br /> purugruph 2;third,to interest duc;founh,to principal due:and 1u.1,to uny lute chArges duc under the Nde. �°=
<br /> .�..�a?� „ 4. Chprges; Liens. Borrowcr shall puy all �axcs, asxetismen�s. churges, fines and impositions attribu�able to the _
<br /> :::_7���• ,,.��' ` Property which muy nituin prioriry over this Securiry Insuumen4 and leaschold payments or ground rents.if any. BoROwer _�
<br /> ;•.;���� -"'°� , ahsill pay these obli�ations in the munncr provided in parugmph?,or ii nat paid in that manner,Borcower shall pay them an _N�
<br /> �e r�'j: time direcUy to thc penon owed puyment. Borrower 5hall promptly fumish to Lender all notices of vmounts to be paid under ____
<br /> '"�x < ,,f,,,' this parugraph. If Borrower makes Ihese puyments directly,Bortower shall promptly t'umish to Lender receipts evidencing __
<br /> --'.'� `' '`'�',','', the a ments. "'-`
<br /> ~�a` �. K�' '�'���""���" pBorrower shpll rom �I dischar c an licn which hus riorit avcr this Securit Instrumcnt unless Borrawer.(a)u rces '='---'
<br />-'� �",��}`•X F,�,�.,. p P Y R Y P Y y g =_-
<br /> __������ + •'��'�• . in writing to the payment of the obligation secured by the lien in a manner ucrrptable to Lender,(b)contests in good faith the
<br />" --���-__�•��s�a;:,;,, l i e n b y,or defends u guinst enfarcement oi the lien in,Icgal pn�ceedings which in the Lender's opinion operate to prevent the
<br /> -- ��' � � � "�� enforcement of the lir.n;or(c)secures from the holder of tlxx lien an agreement sutisfuctory to l.ender subordinuting the lien ��
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<br />-� � +�� • ;. to this Security Instrument. If Lender determineti that any part of the Property is wbjec�to u lien which may attain prioriry �,::
<br />-. , over this Security Instrument,Lcnder may givc Bortowcr n notice identifying the lien. Borrower shall satisfy the licn or tuke _
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<br />:.:- , ,.ny�. �,, � one or more of the actions set fonh ubove within 10 d•rys uf the giving of noticc. _
<br /> � .� S. Haaard or Property Insurance. Borrower shall keep�he improvements now exisling or here�fter crected on the _
<br />_ _ " Property insured aguinst loss by fire,har.urd�included wi�hin the tertn"rxtended coveragc"and any other huaards, iacluding ��,'�.,
<br /> ° �� ,:_.,� floods or flooding, for which Lender requires insurance. This insumnce shall be maintuined in the amoun��und for the �
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