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<br /> 'I'0C3ETHPR WITH all ttx impravements now or herewfter erocted on the property,and�i`1T'cr+�r."�PFSU�f�n+u'ces,
<br />- �nd Cxtura now or hereafter A pwt of the propercy. All rcpi�+cements xnd additians sh�li utyu Ur wvr�ad by thli Sccuriry -
<br /> Lut�ument,AU of the forcgoing is refemed to in thic Secunty Tnsuument as the"Property."
<br /> BORROWER COVENANTS that HoROwer is lawfully scised of the estato hereby conveyed su�d tw�Y the r�ght to grant
<br />_ and convey the Property and thAt the Pr�perty is unencumbered,except for encumbrances of record. Bnrraw�r warrants and
<br /> will defend generally the dde to the Property Ag�inst ali claims and demands,subject to uny encumbrances uf tecvrd.
<br /> --- THIS SECUKITY 1WSTRUMENT combines uniform covenants for national use and non-UNf0iT17 COyMiitlti WIIII �
<br /> - -� limited vatiuions by jurisdiction ta io���t;tsic a uni!'orm security insw►nent c�vering real prape►ty. �__°
<br /> UNIFORM COVENANTS. Bocmwer and I.ender covenant and agree as follows: --=
<br /> - --- l, Fi�yment of Principal and Intereat;Prepiaymee!and Ls�te Chat�es. BoROwcr shall prom}�tly�►ay Wfien due the �
<br /> � princ�pa1 of and interest on the debt evidenced by the Nate und any prepay ment and late chazgea due urxler th�Ivote. -_
<br /> --_ - 2, Flimds for'Ibxes and InsurAnee. Subject to appiicable law ar to a written wniver by Lende�,aorrowec sha11 pay to
<br /> - �,,.,._,� Lender on ihe day monthly payments are due under ihe Note,until thc Notc is paid in full,a sum t"Funds")for: (n)yearly
<br /> --_ — tazes and�ssessments which may attain priority over this Security Inswrnent as a lien on the Property:(b)yearly le�sehold �
<br /> - - -_° payments a ground rents on the Property. if any: (c) yearly haz:ud or property insurunce prcmiums: (d1 yearly tlood
<br /> - insurance premiums, if any: (e1 yearly mortgage insurunce premiums, if any;and(� any sum� p�yabin by Borrower to
<br /> Lender, in accordance with the provisions af puagraph R,in lieu of the payment of mortgagr in�►uxwxe prom�umx. The�e
<br /> items u�c�lled"Esc:row items" Lender may.at any time,collect and hold Fundti in en�mount not ta exceed the maximum
<br /> nmount s�knder far a federally related moRgage loan may myuire for Borrower�escraw accou,nt undrr the federal Rcal
<br /> Ests�te Setdement Procedurca Act ot'1974 as amended from time to time. 12 U.S.C.�26AI rt re��.l"RfSPA").unlcss anuthcr __
<br /> -.� law tiut applies to the Funds setc u lesser Nmount. If sa.l.ender muy,at any time,cutlect and huid i�undr in pn xmc�unt not to
<br /> ezcci:J the irs�er arouunt. l.ender�riay estim�te the amount of Funci+ due ��n th�hasic of curr�nl dytA and reasonabla __
<br /> � ectimAteti of expenditures uf i'uturc�xti;row ltem►or athrrwiu in accordance with upplicuble law.
<br />� The R�nds shaq (x held in nn institutian who�c dcposits uro insured by u feJcral ugency, insuumentality, nr cntity _
<br /> � � •:-:.:'' (including Lender,it'LenJer i�+uch an in,timtion)or in any Federul Home Loan Bunk. Lenck:r shall�pply the Funds ro pay
<br /> the Escrow Itcros. l.endcr may nd charge Borrowcr for hotding und upplying the Funds, :►nnualt)�anal)'r.ing the escrow
<br />' uccouot. or vcrifyins thc Escrow Items, unless L.ender pays BoROwcr intcrest on the Funds arxi upplicable law permits
<br /> ��f� � Lender to muke such a churgc. Hawever.Lcnder may requira Borrower to pay a one-time charge far an independent real =
<br /> , estate tan rcpocting service used by Lender in connection with this loan,unless applicnble law provides othenvixc. Unless an
<br /> agreement is m4de or applicable law requircs inte�st to bc paid,l.ender shatl not be requircd co pay�omower uny interest or _
<br /> earnings at the Fundc. Aorrowcr nnd l.ender m�y agrec in writing,howevcr,thnt intcrest shall be paid on the Funds. Lendcr �_
<br /> - �`�v..�. shall give to Borrower.without charge. an sumual accounting of the Funds,showing credits and ek�liitx ta the Funds and the Y
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<br /> - ,. . purpose fa which each debit ro the Funds was made. The Funds are pledged as additionul securit��for all sums secured by
<br /> ��;� this Securiry Instrument.
<br /> �,�� �,:i �7' If the Funds held by l.ender excecd the amounts permiticd iu i� iield by applitabtc la:+, �-en�±°r shall acrM�nt ro �_
<br /> '�•:..�;:= �
<br /> �� Borrawer for tht excess Funds in accordance with the requiroments af upplicable luw. [f ttw amovnt af the Funds held by
<br /> >.�; :';�,;;;,. .. Lender at nny time is not suffirient to pay the Escrow Items when due, I.ender mny so nocify Barmw•er in writing.and,in
<br /> ;• � ' . such case Borrower shall pay to Lender the amount nece,sary to make up the deficiency. Barnnwer shall make up the
<br /> �`��•. ''.�:�.•. ��• deficiency in no more than twelve monthly payments,ut Lender's sole discretion. ==-
<br /> � ��'�""�'l'i'�'�� Upon payment tn full of aU sums secured by this Security Instrument, Lender sh�ll prompti}�rofund to Borrower any .
<br />- �`t,�<:•.:�:•:•� h��••-� �• Funds held by i.ender. If,under paragraph 21.L�nder shaU acquire or sell the Property.Lender. QrioT to the acquisition or
<br /> �_:.
<br /> . . .�cyda...:,.... ,..;•.w � sale of the Property,shall apply any Funds held by Lender nt the time of xcyuisition ar sale os a credit against the sums
<br /> . ; secured bythisSecurity Instrument. W.-.
<br /> .,,,o;e„w;.�,,.:a.,.-�«, 3. AppUcation of Psiyments. Unlcss applicublc luw provides o[hcrwisc, all payments re�tiived by Le�der u,-�der Q-
<br /> -" ' paragraphs 1 and 2 shall be applied:first,to any prepayment charges due under thc Note;second.ta a�ncwnts payable under -
<br /> �� � � `p.,;,.� ��� parugraph2; third,to intcrost due;foucth,to principal due;and la,t,to any latc ch•rrges duc un�ier tlx Nata+.
<br /> .'-�l i.. : .,..y, 4. Charges; Liens. Borrower sbnll pay nll taxes, assessments, charges. fines and imp4siticut3 attributable tn ihe
<br /> � �� • �� � PropeRy which may attain priority over this Secu�hy Instrument,and Ieasehold paymentx or ground tents;if any. Borrower
<br />.�� � ��'��*•P•=• • shall pay these obligations in the manner provided in paragraph 2,or if not paid in that mann�r,BorrowLr ahall pay them on =
<br /> �>�����,• . �►: ; dme directly to the person owed payment. Borrower xhall promptty fumi sh to Lender al l naice.r of urraunts to be paid under R
<br /> .rh YIl'Y.
<br /> • a�nl.+���:ry=�-*.-c•••.• .. this paragraph. If Bocrower mukes these payments directly.Bnrmwer shall promptly fumish ta Lend:r roceipts evidencing —
<br /> '' �':':'':•;; " � E. the payments. '
<br />� ';�:'•:•.��� Bocrower shall promptly discharge uny licn which has priority over this Security Inytrument unlaas Borrower:(a)agrees �°
<br /> 'y ff�'��;-• in writingto the payment of the oblig•rtion xecured by the lien in a manner acceptabte to Lender.(b�contc;rts in good faith the
<br /> -, lien by.adefends asainst enforcement of the lien in,lega!pracecdings which in thc Lenderti apiniort operate to prcvent thc
<br /> - :_ �-�x��' � enforeement of the lien;or(c)securcs from the holder of thc lien an agreement satisfnctory to Lend:t subordinating thc lien -�:
<br /> ' '� "�;�,,�,;,; to this Securiry InsuumenG If Lender determineg that any part of the Property is subject to a lien which may attain prioriry �:
<br /> x-- ".�,-�•:: over this Security Instrument,Lender mry give Borrowrr a notice identifying thc licn. Bonowcr sh�ll sutisfy the lien or take r
<br /> �=�'-�°= one or mae of the actions set fonh above within 10 days of the giving of notice.
<br /> ..:-.� ; y �.�-.a�.. 5. Ha�srd or Property Insurance. Borrowcr shall kcep the improvements now existing or hereafter erected on the `_
<br /> .: .r:��`��::' ' Property insured against loss by fire,hazards included within the term"extended covrr:�ge"and any o�r hazards,including ,
<br /> '` '�`�`'�"":''` tlonds or flooding, for which Lender requires insurance. This insurance shull be maintained in the umounts and for the -
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