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<br /> 'r0�3e'PHFJt wm�all u,e improvanonts rww or heroaner ancu�a,ihe p�opacy.,uKt�1�ea.anaea.appu�n�,
<br /> and flxturos now or her+aiflec ap�rt,of the prop��ty. Alf repi�oana�a a�d�ddidau�hall afao be cava+ed by t�3�CwitY
<br /> IaMt�mait. All of tbe lorc�oinR It nfanid b i�this Sacudty Intnrnent�s the"Pc�e�tY•"
<br /> BOftROWER COVENANTS th�t Bortower i�lawfully ulsed M thc cu�te ha�eby catveyed sad hu the ri�ht w�ant
<br /> aM canvcy tt�s Ropa�ty cnd that the Property is w�eitcumberod.exapc[or encumbranca of record. Barrower wartu►ts�ad
<br /> will delend smerdiy the dtb tu the Property�aims dl cl�hnt�nd denrndr,�ubject to�ny encumbcanoe+d rocord
<br /> _----�-- �- TtilS SECI1RtTY !NS'IRUMEIVT comMnes anifortn ccwenent+ [ur n�tion�l uRe �nd non-uniform oovex�nt� wiW
<br /> lLNrod v�ri�Won�by judidlction a oonuiwte a uni[orm�acuriry imuummt cove,�in�ro�l propc�ty.
<br /> UNIPORM COVENAN7'S. B�tmwet�nd Let�der coverant a�u!agree a�fdbwt:
<br /> 1. Paya�at o�Pristipal�d faterati PreMYwat a�d l.�te Ck��ea. &xrnwu shdl P�PUY WY when due the
<br /> princi of and intuest on the debt evider�ced by tho IVote�nd my prepayment and�uc chuga due under the Note.
<br /> �Flu�ds for'ILxa�nd i�w�'a�ee. SubJect to�pplicable l�w or to a wriqen wdver by[.axkr,Bocrowa�all pay ta
<br /> Lender on the d�y monihlY p�yrnenta ue due w�der the Note.undl the Note is paid in full.a sum("F�u�ds")fa:(A)Y�Y
<br /> taxes and asussments which m�y sttain prfority over this Security Instrument as a Ikn on the Property;(b)Yeat1Y lesteho�d
<br /> payments or gnwnd rents on the Property. if my; (c) yearly h�zard or property insuruxe prcmfums; (d) yearly flood
<br /> insuriu�ce premiums. if uty;(e)yeuly matgage insurance premiums,if nny:anct (� �u►y sums p�yabk by Borrower to
<br /> Y.ender.ln accordnnee wfth the provisions of pAragraph 8,in lieu of the payment of mortgage insuranca premiums. Thece
<br /> items are called"Escrow Items." L.ender may,xt any time,collect and hold fi�nds in an artiount not to excoed the muctmum
<br /> amount a lender for a feder�lly rclated mortgage loan may rcquire for 8«rower�esct�ow account under the feQenl Real
<br /> Fstue Settlement Procedut�s Act of 1974 as anxnded from time to dmc,12 U.S.C.�2601 er seq.("RESPA").un�ess�nott�er
<br /> _ law thst applies to the Punda sets�lessec smounG If so,Lrnder m�y.at any time,coliect�nd hold Fund:fn an amount rat to
<br />� excad the lesser amiount. Lender may estimate the amount of Funds due on the basis of cuma�t dua and r�eawn�bk
<br /> --� esdmatea of exprnditurcs of futuro Ecerow Items or othenvlse in accordance with appUcable law.
<br /> The Funds shQll be held in an institutton whose deposits an Insuced by a federxl agency. insaumentality. a entity
<br /> - (including Lender.jf L.ender is such an institution)or in any Federal Home Loan Bank. Lender shall apply the Fvnds ta pay
<br /> . - the Escrow Items. Lender muy not charge Bormwer fa holding and applying the Punds.annually wwlyzing the escrow
<br /> account,or verifying the Fscrow items, unless Lend�:r pays Bortower interest on the Funds and applicabie law petmits
<br /> � ', l.ender to make such a chsuge. However,L.cnder may require Borrower to pay a one•time charge far an indepeocknt real
<br /> _ estate tex reporting servlce used by Lender in connection w[th this loan,unless applicable law provides otherwise. Unless ar►
<br /> ••� agrament is made or applicable law roquires intercst to be paid,Lrnder shall na be required to pay Bomower any intercst or
<br /> eamings on the fi�nds. Boirower and Lender may agree in writing,however,that interest shall be paid on the Plinds. Lender
<br /> __ shall give to Horrower.without charge,an annual accounting of the E�nds,showing crodits and debits to the Funds and the
<br /> ,";^ purpose far which each debit to the Funds ws►s made. The Funds�re pledged as additionsl securiry for all sums securcd by
<br /> ihis S�urity Instsumtnt.
<br /> �a�,. �s,�,;.r ", If ihe Funds held by Lender exceed the amounts permitted to be held by applicable law. Lender shall account to
<br /> ;��F - �, Borrowcr for the excess Funds in accordance with the requirements of applicable law. If the emount of the Funds held by
<br /> ••�`�"`' " �^i '• I.ender at any time js not sufticient to pay the Fscrow Items when due,Lender may so notify Borrower in writing,and,in
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<br /> � �',; �, - s u c h c a s e B o e r o w e r s h a l l p a y t o L e n d e r t h e u m o u n t n e c e s s a ry t o make u p the deficienc y. Borrower chall make u p the
<br /> � ' '' '•���""�';��' ` : '. deficiency in no more than twelve monthly payments,at I.ender�s sole discretion.
<br />..A`..i` '��';r�lr. •..�y.-.. .
<br /> �„� Upon payment in fuli of alI sums secured by this Securiry Instrument,L.ender shall promptly refund to Borcower any
<br /> __ ���`^'-� i'•'���•'+� Funds held by Lender. If,under paragraph 21,Lender shnll acquire or sell the Property,Lender,prior to the xquisition or
<br /> '':���;"`.':��`,` •1:�:� sale of the Property.shall apply any Funds held by Lender at the time of acquisilion or sale as a credit a�ainst the sums
<br /> �` secured by this Security Inswment.
<br />== x� ='`""•�`'"�"'+n'- 3. Applkatbn of P�ymmts. Unless applicable law provides otherwise, all payments received by Lender under
<br /> ��"'"'�'� ara ra hs 1 and 2 shall be a lied:first,to an rc a mcnt char es due under the Note:second,to amounts payable under
<br /> �. ,w•_� � � r,.. P 8 P PP Y P P Y 8
<br /> paragraph 2;third,to interest due;fourth,to principal due:and last,to any late charges due under the Note.
<br /> .w •~ • 4. Charges; Liens. Borrower shall pay all taxes, asse�sments,charges, �nes and impositions attributable to the
<br /> Propeny which may attain priority over this Securlty lnstrument.and Icusehold payments or ground rents,if any. Borrowe�
<br /> " shall pay these obligations in the manner provided in paragraph 2,or if not paid in that manner,Borrowcr shall pay them on
<br /> �� • time direetly to the per.son owed payment. Bortowec shall promptly fumish to Lender•rll notices of amounts to be paid under
<br /> this paragraph. If Borrower makes these payments dirccAy.Borrower shall promptly fumish to Lender receipts evidencing
<br /> - the payments.
<br /> Borrower shall promptly diuharge any lien which has priority over this Securiry Instrument unless Borrower:(a)agrees
<br /> in writing to the payment of the obligation secured by thc lien in a manner acceptable to Lender,(b)contests in good fuith the
<br /> ' ��,�W',;. lien by.or defends against enforcemcnt of thc licn in,legol prcecedin�s which in the Lender'.s opinion operate to prevent the
<br /> . �; enforcement of the lien;or(c► secures from the holder of the lien�n agrcement satisfactory to Lender subordinating the lien
<br /> , to this Securiry Inswment. If Lender detertnines that any part of the Property ix subject to a lien which may attain priority
<br /> ,; over this Security Instrument,Lender may give Borrower a notice identifying the lien. Borrower shail satisfy the lien or talce
<br />� �• S- . „ one or more of the actions set fonh abovc within iQ days of ihc givins of noticc.
<br /> • • S. Hazard or Property Insurance. Borrowe�shall kcep thc improvemcnts now existing on c�reafter erected on the
<br /> Property insured against loss by fire,hazards included within the tcrm"extrndr,d covcrage"and any other hatards,including
<br /> _ floods or flaoding,for which Lender requires insurance. This insurance shall be maintained in the amaunts and for the
<br /> � . �' Form302ii 9/f0 �pag�:ufn pug�sl
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