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<br /> TOGETHER WITH all the improvemertts now or twrcxf'cer erortod on�he poopeny,�uxl�11 e+uCmrntr.�ppurunanccs,
<br /> �ux!fixturer now cx hercafter x p�ut of thc property. Ail ccplACementx uKi�dditlanx slull dw he coveral by thls Security
<br /> In�tmmeet. All of the farcyoing li rcfertod w in 1hi:Security Incwment�the"Propcny"
<br /> nui'c�Ct'ivrEic i.�V�idAiQTS tiwt Bom>wer iti I�wPully�riw�i„f UK r,tatc heneby wuvcycaF wxl has the righc ro gru�t
<br /> �tld COf1Yty llf0 rty and ttut the Property ix unencumbered,rxcept for encumbnu�ces�f rocord. Boaower w�rr�ntc and
<br /> wil)defend�rneal y tho Utk to the Prnperty a�airut all cl�im:and demands.subject to any encumbruices of recard.
<br /> � �'�---- -� "1'HIS S�CURITY INSTItUMBN7' combincs unlfam� cove��nts for ns►Nawl use und non•uniform cov�nants with
<br /> limited vuiations by jurisdietion to conctitute a unffexm security instrument coverin�rcal prc�perty.
<br /> ' UNIFORM COVENANTS. Batrt►wer�nd Lendetcavenatit and agrce as follows:
<br /> 1. P�ya4e�t o�Principd sad Iate�t:Prep�yment aad Late CNa�es, Bcrrowcr slWl promptlY p;aY when due the
<br /> principal of w�d intcrest on thc debt cv idcnced by�he Notc and any prcpayment and iue chuges duc under the Nae.
<br /> 2. E'ti�for'llixes aad Inwmace. Subject to applicable law or to a written waiver by Lender.Barrawer shall p�y to
<br /> ___ � �_____�_- _.t_,___ Lender an the day mo�nthly paymems arc duc undc�the Nae.untit thc Nc�tc is paid in full.a sum("Funde")for: (a)ycarty
<br /> taxex ar�d assessments which mry utain p�iariry over chis Security Instrument a�a lien on the P►operty;(b)yearly leasehold
<br /> payments or ground rents an the Property, if any; (c) yeuly huard or prapeny inwrancc pr�emiums; (d)yearly flood
<br /> insurance prcmiums, if any: (e) yearly mortgage insurancc premiums. if any; �nd (� any sums payable by Bortowcr to
<br /> ;..ender.in accordance with tlte provisions of paragraph 8.in lieu of the payment uf mortg�ge insurance premiums. 7hese
<br /> items are called"Escrow Items." Lender may,at any time,coUect and hold Fu�ds in an amount ncx to exceed the maximum
<br /> amount a lender fa a federally related mortgagc loan may requirc for Botmwerb escrow ucount under tht federal Real
<br /> _ Estate Setdement Pmceduc+es Act of I974 as amended fran ame ta time,l2 U.S,C.$2601�t nq. ("RESPA"),unless anothE.�r
<br /> law that applics to thc Punds scts a Icsser amcwnt. If so,Lender may,at any time,coitect and hotd Funds in an amount rwi to
<br />- , exceed the lesser amount. Lender may estimate the amount of Funds due on the basis of cument data and rra,saaable
<br /> ,, �; estirtwtes of expe�xiitures of futurt Escmw ltems aotherwise in accordance with applicabk law.
<br /> '":�,;f•,��' The FLnds sh�ll be held in an instituticx� whose deposits are insureJ by a federel ugency, inswmentaliry, or entity
<br />- lincluding Lender,if I.ender is such an institution�or in uny Federal Home Loan Bank. Lender shall�pply the Fu�ds to pay
<br /> the Escrow Items. Lender mxy not chargc Bortower for holding�nd apptying the Funds.umually analyzing the escrow
<br /> , ' '';;�:�'''" accaunt.w verifying the Escrow Iterns, unlexs Lender pays Borrower interest on the Funds aad applic�bte law permits
<br /> -;rti- • <<.•. Lender to make such a chuge. However.Lender may rcquire Borrower to pay a one-time chuge for an independent real
<br /> .• r�� estate tax rcporting service used by Lender in connection with this loui,unless applicable law provides c�therwise. Unless an
<br /> - �•-� agrcement is n�de or applicablc I�w roquircs intercst to be paid,Lendcr shall rwt be roquired to pay Barower any intcr�est or
<br /> ' eamings an the�nds. Borrawer and I.ender may a�ree in writing,howevcr.that interest shall bc p�id on the Fun�c. Lender
<br /> '',. . shall give to Borrawer.without charge,an annual accounting of thQ Funds,showing credits and deGits to the Funds and the
<br />__ �' purpose fa which each debit to the Funds w�s made. Tt�t flttndF�arc plcdged as addition�l security for all sums secured by
<br /> - - x�yr;�.;,_ °.� . this 5ecuriry Ins[nur�at.
<br /> ti�;��';'.�-'� - If the Funds held by L.ender excecd the amounts perminr.d Io bc held by applicable law, Lender shall uccount to
<br /> ;�;,,,r_�-,;., ,.';"_� ; Bortuwer for the excess Fw�ds in accord:mce with thu requircmantd uf applicable taw. If et�e amowu of the Funds held by
<br /> • `"' � Lender at any time is not sufficient to pay the Exrow Items wtu:n duc,I.endcr may so notify Bortower in writing,und,in
<br /> �� ~ ' .. such case Borrower shait pay to Lender the amount necessaq• tu nmkc up the de�ciency. Barrower shall make up the
<br />- . � � defici�ncy in no more than twelve monthly paymcnts,At I.ender?s�lo discretion.
<br /> .. � • ' Upon payment in full of all sum�xrured by this S�xurity Inntrnment,Lender shall promptly rcfund to Borrovrer an�•
<br /> ;`� "-' Funds held by Lendcr. If.undcr paragraph 21,Lender shull ucqui�x�x sell th�: Propecty,Lender. prior to the 3cquisition or
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<br /> - �4� ,.,,�,,�� satc of the Property,sh�il apply any Funds held by [.ender ut 1hu unk of xyuisition or sate as a credit against the sums
<br /> - � .,�.�< _, ,�,, securcd by this Security Instrur►knt.
<br /> �,�,r.�••�. .•.►4- 3. Applicatbn ot Payments. Unles� applic:►hlu law �mati�iJn�. othrnvi�c, ail payments rcceivcd by Lendcr under
<br />-� : • '~� paragraphs t and 2 shull be applied:first,to uny prrpaymcnt churgati Juc undcr the Nac;x:cond, to amounts payabk under
<br /> � paragraph 2;third,to intcrc�t due;fourth.tu principal duc:und In�t,tuuny late charges due under the Note.
<br />~ " 4. CharQes; Liens. Borruwcr shal! pay all hrxeti. a•�esamunc},charges, fines and impositions attributable to the
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<br /> . . Propecty which may:�ttain priority over this 5ecurity In�trumcnt.:►nd Ieusehold payments or ground rents,if any. Borrower
<br /> . - shall pay these obligations in ttx:manner pro�idcd in paragruph�.�x if not paid in that manner.Bortuwer shall pay them on
<br /> • • ' �" time diroctly to the person owed payment. BorroNer shaU promntly fumish to Len�r ull notires of amounts to be paid under
<br /> ..- this paragraph. If Borrower m�kes these payments dimctly,B<xrvwcr ahatl promptly fumixh to Lender c+eceipts evidencing
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<br /> , � ,, the paytnents.
<br /> . .. Borrower shall prompHy dischargc any lirn which hax priori�y ov�r this Serurity In,trunxnt unkss Borrower.(a)agrees _
<br /> in writing to th�:payment of the obligation.uti:umJ by the li4n in n munner acceptable tu Lender,(b)cmtests in gaod faith the
<br />-`'� s � , , lian by.or defendc against enfo�cement uf the lien in.lega!�xs.�c:eedings which in the Lender's opinion operate to prevent the -
<br />--, �,,:�:;��: enforeement of the lien:or(c)secures from the holdcr of the fi�:n nn agreemcnt sati.factury to Lendcr subordinating the lien
<br />- , '•� to this Sxurity Instrumcnt. If Lendcr detecmines thi�t any put of the Property is subject to :�lirn which may:utrin priority
<br /> - - `��` • � - over this Security Instrument.Lender may give Bo�rower a rn�tice identifying ttx:licn. Borrowe�shall satisfy the lien or take -
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<br /> -7=�;: .,�;,,;;,,, . one or mwe of the actions set forth above within 10 d:�ys of tho giving of nutice.
<br /> � � � � �u,,, S. Hazerd or Property Insurance. Borrower�hall kcap the improvement.now ezi�ting or hercafter erccted on the
<br /> _�ri: ,��,f.;,,.:..�: praperty insured against loss by fire.hazards included w•+thin the tertn"extended coverage"and any other h�cards,including
<br /> �� '�+• ';r �,- � � floads or flooding, for which Lender requires insurunce. This insurance tihull be rtuintained in the amounts and for the
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