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<br /> TOdETHBR W!'17�dl the iatprovementr now or bereaiter etectad oa the pmperty�and aU�ta.app�utamcoa.�od
<br /> tixauq now�ar hero�tter a p�ut af the proputy. All cq�l�oenknu �rd addidoru sh�ll da be wvarod by �hi� 9ecurity
<br /> la�WmetU.All of the foregaing it referrod w ia thi�Secudty Inwumcnt a tbe'Prnperty."
<br /> BORROWER COV6NANTS ttut Horrower lt law[ully�ei�ad af the extata heneby oonveyM uid hu the rl�ht to Qrant�nd
<br /> oonvay the Propaty ud tlwt the Property i�uaencumbend�except for e,ncumbrances of rocard. Borrowu wqn�nts qid wiU
<br /> . daf'eM�enerally the title to tho Property�gainu�!I cl�tnu and demwnda,wbjoct w w►y encumbrancca of rocord.
<br /> TNIS 58CURITY 1NSTRUMBNT combines uniform cover�ants for nwtional uco w�d non-uaiform oovau�w with liidtod
<br /> varlatiom by juritdiction to oonetltute a uniPorm sa�urlty imtrumerrt oovetin�r�ea!ptnperly.
<br /> __A, UNIPORM COVENANT3. Hotrower end l.�ender covenont And egroe�follows:
<br /> l. Payn�cnt o�PrincipW Aad Interati 1't'�P�Yma�� �d L+�te Cb�a. Borrower�iwll I�mP�Y WY when due tbe
<br /> principal of�nd interest on the dcbt evldenc�ed by the Nate wid Any pnepayment and latc charaeeti duo under tha Note. �
<br /> 2. �tor Twta and la�urana. SubJxt to Applicnble law or tp�written wAiver by I.ender.Borrower�Iwll p�y to
<br /> Lender on tho day monthly payment�arc due under tho Note.until the Note is poid in ftill,a wm('Funda")for:(�)ycariy Uxa
<br /> md�ccrcmentr whioh mAy�tt�in priority ovcr lhis Security inrtrument a�a licn an 1he Property:lbl Yc�rly Ic�cehold p�yment�
<br /> or�mund rcntR on 1ho Pmperty,if any;(c)yearly haz�nd or propeny inwranco prcmfums;(d►ywdy tload i�urqnoe premiumR,
<br /> ; if any; (o)yearly monQo�e inruranoe premiuma, lf anv: and ifl any Aumc pAyabic My Bonx�wer ta t.cnder. In ocra�c wilh
<br /> ' the prnvicionr aP parnQraph 8. in licu of tho pwyment�►f m�srt�a�c ImwrwKe prcmiumx. 71ie�e i�ema�ro radlod'Rrcmw I�cmi.'
<br /> L,ende�may. at any timc, collect wid hald Funda in on a�►unt �xw to oxcow! thc muximum �wnt p Icrdcr for o foderolly
<br /> ; relalod morlan�e la�n mey rcquiro for Borrower'�escrow arc�wm w�cler Ihe fad¢nd Rcal Eslatc SetNemcnt Pn�cedurcx Act of
<br /> 1974 as�metKlod from timo to time, 12 U.S.C.5ection 2601 rt�ey. ("RESPA"), unleyx anuthe�luw that applie�to�ho Fundc
<br /> cet�� leecer amount. If�a. l.ender mAy,at any dme. oallcct wnd hold Fund�in nn om�wM not to excood thc lesrer��xwnt.
<br /> - -- l.�nd�r nu�y e�tbtwte ihe amount of Funds duo on the basiR aP cumatt daw�nd tra�anable eetimatec of oxpenditure�of futuro
<br /> Ercrow Iterns ar otherwise in accandance with applicable low.
<br /> Thc Punds rhall be held in An institudon whosc deposi�a aro inxurad by a federal ogency, instrumenta8ty. ar entity
<br /> (including Lender.if Ler►der is such an inatitutfon)or in any Federol Home Loan Bank. Lender ehall upply the Funds to pay the —
<br /> __ Esc�ow ltenw.Lender may not charge 8orrower for holding and applying the Fundx,unnually analyzing the escrow eccount.or
<br /> verifying tha Escrow Items.unless I.ender pays Borrower interest on the Funde and applicable law permits I.ender to make such
<br /> A charge. However.Lender may require Barrower to pay a one-time chuge for en independent reul eswte tax reponing service
<br /> used by Lcnder ln connection with this loan, unless epplicable law provides othenvfse. Unless an agreement ia made or
<br /> ppplicabla law requires intcrest to be paid,l.ender shall not be reyuired to pay Borrawer any interest ar earnings on the Funds.
<br /> Borrower and l.ender may egree in wrlting, however.that interest shall be paid on the Fuods. Lender shall give to Borrower,
<br /> - �-- without charge. an annual accounting af the Funda. showing credits and debits to thr Funds und the purpoxe for which each -
<br /> dcbii tu ihe Puads w�s�radt.'!'!�e�uttds sse pledgat as additiona!sxurlty for a!!ssms secured by tl�i�Sa�urity Iastrumens.
<br /> :���fli If the Funds held by Lender excecd the amounts permitted to be held by applicable law,Lender shall account to Borrower
<br /> :�:;,�' for the excess Funds in accor�iance�vilh the requirements of applicable law. ff the amount of the Funds held by Lender at any
<br /> �=`� time is not aufficient to pay the Escraw Ilems when due,Lender muy so notify Borrower in writing,and,in such case Borrower
<br />_-�;;,=,�, ehall pay to Lender the amount necessary to mnke up the deticiency. Borrower shall make up the defieiency in no more than
<br /> �.'�.��� Iwelve monthly payments, at l.ender's sole discretion.
<br />: �f��� Upon payment in full of all sums secured by thfs Security Instrument, Lender shall promp�ly rafund to 8orrawer any
<br /> Funds held by[.ender.If, under paragrnph 21,l.ender shall ucyuire or sell the Propeny,L.ender. prior to the acquisition or sale
<br />��}��;;_�I of the Property, shall upply uny Fur�ds held by l.ender at the time nf ucquisilian or sale ax u credit against the sums secured by
<br /> ��I thfa Security Instrument.
<br /> "�T ' 3.A tcnUon of Pp ments.Unless a icnblc Inw rrnides otherwisc,all � ments rec:�ived b Lender under ara ru hs
<br /> pM Y PM P p Y Y P B P
<br />��.�;'�,�i 1 and 2 ehall be applicd:Frst.to any prepayn�ent churgcs duc under the Nate; sccand, to amoums payeble under pnrragraph 2;
<br />_:;�,•-. third.to interest due;fourth,to principal due;and laet,to any late charges due under the Note.
<br /> .:wr;'; I 4.Clw�ges; Lienv.Borrower shall puy all taxes,as�essments,churge�, finex und impositions uttributable to the Property
<br /> which mey attain prioriry over this Security Instrument. unJ leuseh�ld puymentx nr ground ren�s, if any. Borrower shnll pay
<br /> ���"� Iheso obligations in the munner p�ovided in paragraph 2,or if not puid in thut munner. Bor�owcr shall pay them on time directly
<br /> ��,'= ( ro the person owed payment.Borrower shnll promptly furnish lo I.cndcr all notices of amounts ta hc puid under this parngrnph.
<br /> •�'� I If Borrower makeg�hese payments direcdy, Bonower shull promptly Turnish to I.rnJer recripts evidencing the payments.
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<br />___..,;:;,, I Borrower shall pmmptly discharge uny lien which hus priority over this Securiry Instrument unless Borrowce(n)agrces in
<br /> ';;��,� writing to the payment of the obligutinn secured by the lien in a manner uccep�able to l.encicr, (b)contexls in g�xxi fAith the lien
<br /> by. or defenda against enforcement �f the lien in, legal pnrceedinbs which in the i.ender's opinion operute to prevent the
<br />_.�_:;1�:;�� enforcement of the lien;or(c)secures from the holder of the lien un ugrccment suti�fnctory to Lender sub�irdinAting thc lien to
<br /> �°..;`�� this Security Instn�ment. If L.ender determinex thut uny part nP the Proprny iti xuhiect to a lien which may atwin priurity over �
<br /> � ? this Security Instrument.C.ender may givc 8orrowcr a naticc idenlifying thc licn. Borrower shall satisfy the lien or take one or
<br /> - -�= more of the actions set forth ebove within 10 duys of the giving of noticc.
<br /> ��v Fam 30Z8 9I�0
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