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<br /> TOCL•Ti3fiR WITH�+tl ttK f��:ov�mcnts now ur hsreaftrr erected�x�Ox�txc��eny•unci all caunxnt�,appurutwnces,
<br /> � and fixturec now on c�rcafrer a pxrt flf the proprny. Ati replaccments and additio�s shu11 ulw tx covercd by this Security
<br /> Instrument. All of the foregoing is refcrtcd to in thix Security Inswment as thc"Pn►perty."
<br /> ---- BORROWER COVENANTS that Borrower is lawfully seised of the estutc hereby convcycd and has thc right to grant
<br /> . and convey the Propeny and that the Propeny is unencumbered,except for encumbruiceti of mcord. Bartower w�unts rnd
<br /> _-- wiU defend generally the tide to the Property�gainst all claims ancf demands,subject to uny encumbrances uf rccord.
<br /> `" THIS SHCURITY INSTRUMENT combines uniform covenants for nadonal use And non-unifortn covenants with
<br /> t:, ,
<br /> • limited variations by jurisdictian tu cunstitute a wiiform security instronxnt covcring mal properiy. �
<br /> '_;A�� UNIFORM COVBNANTS. Eorrower and L.ender covenant and ugree as follows:
<br /> -- �, -�,-�� 1. Pjtyment of Principal and Interest:Prepayment And LAte Char��. Bortower sball promptly pay when duc the
<br /> � � princ�p�I of and interest on the debt evidenced by the Note und any prepayment And laie charges duc under thc Notc.
<br /> �'' �� 2. Funds for 7ltxes and Inwrance. Subject to applicable law ar to a written waiver by Lender.Borrower shull pay to
<br /> Lender on the day monthly payments are duc under the Note,until the Note is paid in full,n sum ("Funds")for:(u)yearly
<br /> grii F �`'''�� taxes and u.�sessments which muy attain priority over this Security Instrument AS u lien an the Praperty: (b)yearly IeaeehoW `
<br /> � _�`"=�'"� a ments or round rents on the Pr rt if an , tc) yearl hsuard or ro rt insurance remiums; (d) yearl flooci
<br /> P Y B � Y• Y' Y P P� S' P Y
<br /> ?•`.`�' Y....„• • insurance premiums. if uny: (e) yearly mortgage insurance premiums, if any:and(� any sums paya�bie by Borrower to
<br /> ,�r:-,� • � •
<br /> r • ._ Lender,in accordance w�ith the provisions of paragraph 8,in lieu of the payment of mongage insurance premiums. ese
<br /> : items are called"Escrow Items.' Lender may,at any time,collect nnd hold Funds in m amount not to exceed the maximum
<br /> : �." .� ."f:::�- �
<br /> --_- ---',��.�,�,,w...�.��,�:, amount a lender For a tederaUy refated mortgage lu;u� ntay require for Barrower's escrow necount under the feder+l Real
<br /> _ .:�� r�o��:��' Estatc Settlement Procedures Act of 1974 as amended from time to time. 12 U.S.C. §2601 ct scq.("RESPA"),unless another _
<br /> *" � !aw that applies to the Funds SeGs a Iesser amount. If so,l.ender may,ut any time,collect and hold Fundc in an amount not to _
<br /> .;....�� :' .�:.: �
<br /> . , excecd the Iesser amount, Lender may estimate the amount of Funds due nn [he basis of cu�rent duta and reasonable �
<br /> ' � estimates of expenditures of future Escrow Items or otherwise in accordance with applicable law. _
<br /> � � The Funds shall be held in an institution whose deposits are insured by a federai agency. instrumentality, or entity
<br /> ' ` � (including Lender,if Lender is such an institution)or in any Federal Home Loan Bank. Lender shall opplp ihe Fundti to pay
<br /> ��.cv::,.__:.L•<W•;•�. the Escrow items. Lender rnuy not charge Borrower for halding and applying the Funds. annually una{yzing the escrow
<br /> � accaunt,or verifying the Escrow Items, unless LenJer pays Borrower interest on ihe Funds and applicable law permits
<br /> ` Lender to make such a charse. However, Lender may require BoROwer to pay a one-time charge for an independent real
<br /> � '"•'�� estate tax reporting service used by Lender in connection with this loan,unless upplicable law providec otherwise. Unle�s an
<br /> "''` ' � agrccment is made or applicable law reyuires interest to be paid.Lender shull not be requircd to pay Borrowcr any interest or
<br />; � � eamings on the Funds. BoROwer and L.ender may agree in writing,however.that interest shall be paid an the Funds. Lender
<br />� shall give to 8orrower,without charge,an annual uccounting of the Funds,showing creditx and debits to the Funds and the _
<br /> . � �':; � purpose for which each debi[to the Funds was made. The Funds are pledged as addition�!security for all sums secured by
<br /> -- __�._._'�e_�',::-:: - this Security lnsuument.
<br /> - — • - If the Funcis heid by Lender exceed ii�c w��uuuta �i'iiiiil�a� i0 b� IiCId by a�IiCaISIC ta::•, l.tnder sha!! stcount to -
<br /> Borrower for the excess Funds in accordance with the requirements of Applicable law. If the amount of the Funds held by
<br /> ' .. Lender at any time is not sufficient to pay the Escrow Items when due, Lender may so notify Sorrower in writing,and,in !
<br /> such case Borrower shall pay to I.ender the amount necessary to make up the deficiency. Borrower shall make up the �
<br /> deCciency in no more than twelve monthly payments,ut I.ender's sole discretion. _
<br /> Upon payment in full of all sums secured by this Securiry instrument.Lender shall prompUy refund to Barower any
<br /> Funds held by Lender. If,under parAgraph 2I,Lender shall acquire or seU the Propeny,Lender,prior to the acquisition or
<br />- sale of the Property,xhall apply any Funds held by l,ender at tha time of acquisition or sale as a credit against the sums
<br /> - . secured by this Securiry Instrument. k-
<br /> _�. � 3. Applkation of Payments. Unle�s applicable Isw provides othe�wise, ;�II payments received by Lender under .
<br /> '��� • ' paragraphs (and 2 shall be applied: fint,tu any prepayment ch:►rges due under the Note:second,u�amounts payable under `
<br /> � � . paragraph 2;third,to intercst due;fourth,to principal due;and last,to any Iate chargesdue underthe Note. __
<br /> • 4. Char�es; Liens. Borrower shall pay all taxes, as�escments, ch:►rses, finc+ and irnpositions attributable ro the _
<br /> Property which may attain priority over this Security Instcument,and leasehold payments or ground rents,if any. Borrower
<br /> � shall pay these obligations in the manner provided in paragraph 2,or if not p•rid in tlut rnanner.Borrower shall pay them on
<br /> • � .. ` • time direcdy to the person owed payment. Borrowcr�hall promptly furnish to Lcnderall noticesof amounts tu be paid under °-
<br /> this pnragraph. If Borrower makes ttuse payment+directly. Borrowcr shall promptly fumish to Lender receipts evidencing _
<br />-- the paymcnts. _
<br /> � ' Borrvwer shup promptly discharge uny lien which has prioriry ovcr this S�curity Instrument unless Borrower:la)agrees
<br />= � in writing to the payment of the obligation�ecured by the lien in a manner acceptable io [.ender:Ib)contests in gaod faith the
<br /> _ lien by,or defends against enforcement of the licn in,lcgal procecdings which in the Lender's apinion operate to prevent the =
<br /> - - ' � enforcement of the lien;or(c)secures from the holder of the lien an agreement satisfactory to Lender suNordinating the lien _
<br /> ��.� �� , to this Securiry Instrument. If Lender detertnines that any part of the Property i+.ubject to a lien which may attain priority
<br /> ' ` over this Security Instrument,Lender may give Borrower n notice identifying the lien. Borrower shall satisfy the tien or take _
<br />- .. �� one or more of the actions set forth above within 10 days of the giving of notice. --
<br /> ��.,� �.:-•�+• .,;�. 5. Hazard o�Propeety Insurance. Bonower shall keep the improvements now existing or hereafter erected on the ;
<br /> ,,- . •� • • Pcoperty insured against loss by fite, hazards included within the tertn"extended coverage"and any other hazards,including
<br /> ��ti a �•`: ' floods or floodiag, for which Lender reqaires insurnnce. This insurance shaU be maintained in the amounts und for the
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